The DA

A restrained description. I'm impressed by your even-handedness.

Maybe they hoped he'd sign for Maidenhead.

Yes it does.

Dee fan jealous of United's success. That was unexpected.

In light of the findings in the report they released yesterday, they wouldn't dare do that.

Agreed. Real Madrid, Barcelona, Man U, Arsenal, Chelsea - they all play fantasy football and I grew out of fantasy just after I finished reading Lord of the Rings 30 years ago. Give me the reality of Scottish football. The wee stories of Scottish football are every bit as exciting and real as the pumped up soap operas of the EPL or La Liga.

Using that approach, we can't criticise the Gers fans!

I'm not doubting you but I don't see anything in that part of the document that says a UEFA license is required to play in the SPL. 3.3.2 says that a license is required to play in 'the UEFA Club Competitions' but there's no mention in the section you've linked to that says it's needed for SPL participation. I'd be delighted to be proved wrong - is there another section that covers this?

But the SPL will change the rules now 'to ensure this doesn't happen again, clsoing a loophole. You have all been warned.". All we can hope is that the next culprits are 1 of the OF.

What happens if the creditors decide that they could get a better return by liquidating the company and selling the assets individually? I'm sure that would come to more than £11M. Isn't that supposed to be the administrators' role? And can't those creditors object to the transfer of assets?

This whole idea of syphoning off the assets and leaving the toxic debts behind just feels wrong. It's like me watching out for a local business, let's say the RBS, and then offering to buy them, debts and all, for a fiver. I then set up RBS 2012, move all the assets over and tell the original creditors to get tae. Why are none of Rangers creditors (HMRC, Ticketus, United) objecting to this asset stripping? It just doesn't sound legal.

Newcastle

"Nasty, toxic Rangers...".

Exciting for whom?

I had this sudden image flash in front of my eyes - Whyte, Murray, Jardine, Walter and others being led away in handcuffs, sobbing like Charlie Sheen in Wall Street.

I've just been reading through the summary of that MLM Solutions live event. I know it's just one expert's opinion but it's still a bit of an eye-opener and well worth reading. One thing was mentioned in passing that made me sit up and take notice. Rangers, in playing on to the end of the season, will be awarded SPL prize money for their second place. Stop and read that again. They're being rewarded for cheating(*). Can't the SPL withhold that prize money and use it in part-payment of Rangers debts to United, Hearts, etc? (*) I know they haven't offiicially been found guilty of cheating (yet) but it does stick in my craw.

I thought the administrators' main legal responsibility was to maximise value to the creditors.

Quite. It's only a feckin football team. Attching your whole life's meaning to an ever-changing squad of players - over whose performance you've no control - strikes me as slightly moronic.

No need. The sun will dry up all the slime.

Sandy Jardine, the voice of reason. "We'll wait and see what sanctions come about, if any. And after that is done, then we will take appropriate action." Some crackers in there - "if any" jumps out at me. I wonder what Mr J considers 'appropriate action'?

Nope. Rangers are fecked as it is and the last thing Scottish football needs is more bad publicity. Just let them die quietly in a corner - no further help required.

Apologies if someone's already posted along these lines (and with a bit more info than I have) but I've been looking at the timing of a possible AVC. Right now, Rangers debts total around £60M the £55M that Haudit & Daudit published earlier plus the £4M for the Wee Tax Case. Since 75%of creditors need to agree to the terms of an AVC, I assume that HMRC plus Ticketus control that decision between them. No other sensible split of the creditors adds up to 75%. If H&D wait until the Big Tax Case decision comes in (pre-appeal), that takes the total debt up to around £135M and HMRC (£93M) just about hold the deciding votes all on their lonesome. In either case, will HMRC settle for 4p or 10p in the pound when they can wind the company up and get 50p or 60p in the pound? I can almost imagine Hector agreeing to an AVC now if he thought there was a chance of significantly more tax from Rangers in the future (jam tomorrow) but Rangers aren't going to be a financial powerhousefor years, possibly decades, to come - so that's not going to happen. They're fooked.

I'm hoping that UEFA and FIFA are paying very close attention to what might happen here.

With all the in-out-in-out-shake it all about, I've lost track of the administration position. Are Rangers actually breaking even month-on-month or are they still losing money?

Maybe I'm slower than most but I'm picking up on a gradual shift in the tone of media reporting of this circus. I think it started with Thomson's Channel 4 investigations and, while he was initially shouted down by those with a vested interest, most of those clowns are now keeping a lower profile and those without an axe to grind are starting to poke their heads above the parapet. When even their captive media won't stand up for them, I beginning to think Rangers really are fooked.