10 years since old rangers admin

[craigkillie]

Aside from everything else, the obvious answer to the Gretna question is that their fans explicitly chose to distance themselves from the original club.

[Girth]

11 hours ago, HibeeJibee said:

[Squonk]

3 minutes ago, craigkillie said:

Aside from everything else, the obvious answer to the Gretna question is that their fans explicitly chose to distance themselves from the original club.

.....as anyone with an ounce of remorse and embarrassment would.

[Ranaldo Bairn]

4 minutes ago, Squonk said:

Just to clear up a factual inaccuracy, the 14th of Feb 2012 wasn't the date of Rangers' death, just the beginning of the insolvency process that is still ongoing ten years later. Rangers didn't go into liquidation until October 2012, so we'll have to wait eight months to celebrate the 10th anniversary of their death.

It is an acknowledged fact from their annual accounts that the current club playing out of Ibrox has had 'going concern' warnings in its accounts during every year of its short existence and has racked up debts of around £100m.

If only a meaningless operating company dies the death of liquidation while the immortal metaphysical club survives intact, why doesn't the current regime simply shed its massive debts through insolvency and have the football authorities propose that the same club 'remains' in the top flight for the financial well-being of the whole of Scottish football?

Also, why isn't Gretna 2008 accorded the historical record of the defunct Gretna FC, since they play in the same colours in front of the same supporters at the same stadium? Was there one rule for Rangers and different rules for everyone else? Why didn't Gretna have its own five way agreement?

Finally, do The Rangers' fans expend so much energy trying to convince others of the existence of the tooth fairy or Santa Claus?  

That is why the original club died. It was incorporated in 1899 and went bust, kaput, end of story. It didn't have a holding company.

The new Rangers FC was originally started as Sevco Scotland Ltd, and changed its name to The Rangers Football Club. Hence why they are referred to as such on here quite often.

This new incarnation DOES have a holding company, the aforementioned Rangers International plc.

So if TRFC continues to generate such massive losses, they can simply transfer all the debt onto RIFC, liquidate that, and carry on. The Lie that they said happened previously will actually come true this time around.

[DA Baracus]

2 hours ago, craigkillie said:

No it wasn't. There was no application process, it was a vote on whether to admit Rangers or not, and nothing else.

Huh, my mistake. I must have been thinking of a different vacancy then, or perhaps there was some chat around other possibly applying. 

Do you know why there wasn't an application process for the vacancy?

[TheScarf]

44 minutes ago, Ranaldo Bairn said:

That is why the original club died. It was incorporated in 1899 and went bust, kaput, end of story. It didn't have a holding company.

The new Rangers FC was originally started as Sevco Scotland Ltd, and changed its name to The Rangers Football Club. Hence why they are referred to as such on here quite often.

This new incarnation DOES have a holding company, the aforementioned Rangers International plc.

So if TRFC continues to generate such massive losses, they can simply transfer all the debt onto RIFC, liquidate that, and carry on. The Lie that they said happened previously will actually come true this time around.

When you say that to Rangers fans it bamboozles them. 
 

‘The new club has a separate company, so the club won’t go bust again, the old club was just that, a football club’.

‘Nah it was always separate that’s why we still have the history, it’s still the same club’

[Ranaldo Bairn]

The definition of what the club does is always hilarious.

"It's the fitba' side of things, the badge, the history 'n' that".

Apparently it has no legal personality, and is just an idea, a vacuous collection of 'things'. The legal stuff was the company, they say.

Even now, with TRFC, and RIFC they won't see that both of them are companies! With boards, accounts, etc. They wilfully refuse to accept that a club can be a company. Makes you wonder how clubs who aren't incorporated function... 

[Mark Connolly]

26 minutes ago, DA Baracus said:

Huh, my mistake. I must have been thinking of a different vacancy then, or perhaps there was some chat around other possibly applying. 

Do you know why there wasn't an application process for the vacancy?

IIRC a number of potential applicants suggested they wouldn’t bother if they were up against Rangers 2.0  as they knew there wouldn’t be enough clubs who would vote against an Ibrox entity returning

[craigkillie]

39 minutes ago, DA Baracus said:

Huh, my mistake. I must have been thinking of a different vacancy then, or perhaps there was some chat around other possibly applying. 

Do you know why there wasn't an application process for the vacancy?

It wasn't really a cut and dried situation of a vacancy existing at any point prior to that vote. The SPL only voted not to admit Rangers on 4th July, and that was when the date for the vote was set, as part of a proposal made to the SFL clubs which also included a financial package regarding TV rights and so on. There were two separate votes on 13th July, one to put Rangers into Division 1, which was overwhelmingly rejected, and one to put them into Division 3, which overwhelmingly passed.

Had the latter also been rejected, there would presumably have been an application process at that stage, though it would have been very tight for the start of the season, which was only about a fortnight away. Given the substantial support from the SFL clubs to the Rangers in Division 3 option, an application process would have been a formality anyway.

Edited February 15, 2022 by craigkillie

[Dundee Hibernian]

50 minutes ago, DA Baracus said:

Huh, my mistake. I must have been thinking of a different vacancy then, or perhaps there was some chat around other possibly applying. 

Do you know why there wasn't an application process for the vacancy?

22 minutes ago, Mark Connolly said:

IIRC a number of potential applicants suggested they wouldn’t bother if they were up against Rangers 2.0  as they knew there wouldn’t be enough clubs who would vote against an Ibrox entity returning

My recall was that a number of clubs had an ongoing interest in accessing the league set up, but

1) the authorities, at that time mainly the SFL, didn't give an option to any new club other than Green's Sevco to enter the league, and set up the vote for their members accordingly to vote that club into the system, and

2) behind the scenes talks promised aspiring new sides a tier being set up below the 4th level so that they could eventually be promoted on merit, and would have a league to fall back into were they to fail within the SFL. 

[Dundee Hibernian]

[Girth]

2 minutes ago, Dundee Hibernian said:

[Sergeant Wilson]

2 hours ago, Squonk said:

Just to clear up a factual inaccuracy, the 14th of Feb 2012 wasn't the date of Rangers' death, just the beginning of the insolvency process that is still ongoing ten years later. Rangers didn't go into liquidation until October 2012, so we'll have to wait eight months to celebrate the 10th anniversary of their death.

 

It can be like The Queen having two birthdays.

[Mark Connolly]

IIRC the insolvency practitioners are still bleeding the creditors’ pot dry still completing the liquidation process, so the original clumpany still technically exists

[D Angelo Barksdale]

 

[Shuggie_Murray7]

A classic.

 

[craigkillie]

My recall was that a number of clubs had an ongoing interest in accessing the league set up, but
1) the authorities, at that time mainly the SFL, didn't give an option to any new club other than Green's Sevco to enter the league, and set up the vote for their members accordingly to vote that club into the system, and
2) behind the scenes talks promised aspiring new sides a tier being set up below the 4th level so that they could eventually be promoted on merit, and would have a league to fall back into were they to fail within the SFL. 

If the members didn't want Rangers to be in Division 3 they could have voted against it. Stranraer were the only club who did.

[Paul Kersey]

My personal favourite...

 

[Sergeant Wilson]

I recommend  Rangers supporters walk through storms with their scarves held high.

[beesher]

Who could forget this classic....

If ever a hard drive needed checking.