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Big Rangers Administration/Liquidation Thread - All chat here!


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On 1/16/2018 at 15:24, bennett said:

Any sign of administration yet dear readers?

 

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To be fair it has been almost 6 years since any club in the top league has gone into administration.

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1 minute ago, Dindeleux said:

To be fair it has been almost 6 years since any club in the top league has gone into administration.

We're apparently in administration every week dear reader.

 

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14 minutes ago, bennett said:

We're apparently in administration every week dear reader.

 

When you say "we" I'm confused as my post was directed towards the old Rangers.

Don't worry about it, I'm sure it will come.  We've been getting told Scottish football Armageddon is coming for the last 5 and a bit years so you can wait your turn like the rest of us.

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47 minutes ago, Dindeleux said:

When you say "we" I'm confused as my post was directed towards the old Rangers.

Don't worry about it, I'm sure it will come.  We've been getting told Scottish football Armageddon is coming for the last 5 and a bit years so you can wait your turn like the rest of us.

I thought you were referring to hearts rather than sevco Dindy Macgioalabhain, my bad.

 

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Bad news at sevco high command dear readers, rugger guy has confirmed that if they don't get massive investment by 10.52am tomorrow then they'll be liquidated. Obviously the stenographers won't mention this but if it's not true then sevco can obviously deny it (I sent them a pic of my nuj card).

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Edited by bennett
Predictive text thingy
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  • 2 weeks later...
On 22/01/2018 at 21:16, Aim Here said:

Unless my calendar's on the blink, time's up.

It's been over 30 days since Dave King was ordered to offer 20p per share to the remaining Rangers bagholders on the 22nd December. Has he actually done that, or is there some appeal actually underway (not just some promise to put in an appeal) that moved the deadline onward?

 

Can we call another February 13th again please? (my birthday) and delicious. 

Edited by bairney
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Lest we forget.........:whistlefrom the 'award winning' Keef 'Wee Blondie' Jacks***.

Nov 18 2010 Keith Jackson

Craig Whyte started playing the stock market at the age of 15. By the time he left school he had more than £20,000 in his bank account.

Today, aged just 39, this financial whizzkid from Motherwell stands on the brink of pulling off the biggest deal of his life - and finally bringing the curtain down on one of the longest-running sagas in Scottish football.

Record Sport understands self-made billionaire Whyte has entered into the final stages of negotiations to buy control of the club he loves from Sir David Murray.

And he's still one year younger than captain Davie Weir.

A deal worth around £30million is now believed to have reached such an advanced stage that sources say Whyte, a high-roller who splits his time between a home in London and the idyllic Castle Grant in Grantown-on-Spey, could even have the keys to Ibrox in time to fund a major refurbishment of Walter Smith's top-team squad in January.

The news will delight Rangers supporters who have been fretting over the future of their club ever since Murray first slapped a For Sale sign on the front door of Edmiston Drive around three years ago.

As the club's financial health deteriorated to such an extent the banks moved in to control the purse strings, a series of false dawns came and went.

First, a consortium headed up by South African-based tycoon Dave King came to the fore only to fail to meet Murray's asking price.

Then, in March this year, Londonbased property developer Andrew Ellis emerged as the frontrunner and was granted a period of exclusivity in order to get the deal done.

But Ellis, now part of the consortium, did not have the financial clout to back up his bold promises and his bid collapsed, leaving Rangers firmly in the grip of the Lloyds Group.

Exiled Glaswegian King was then talked up once more as the possible saviour but he was also engaged in a long-running battle with the tax man and while those issues remained unresolved, he too looked l ike an increasingly unlikely white knight for a club now engulfed by crisis.

But yesterday, quite out of the blue, Record Sport learned a new man is at the table and that a deal to end Murray's 22-year reign is ready to be completed.

And that man is a relative boy.

By the age of 26, Whyte was already Scot land's youngest self-made millionaire. Now, 13 years on, and in charge of a vast business empire, his wealth is off the radar.

Whyte is a venture capitalist who has made his millions from playing the markets - a skill he secret ly began honing in his third year at Glasgow's Kelvinside Academy. In one of his few interviews he revealed how he immediately regretted going to the private school - because he despised playing rugby.

He said: "I hated the discipline of it. It was a rugby-only school, which I didn't play as I was interested in football.'' Whyte worked weekends for his dad's plant hire firm. And he saved up his wages to fund his habit of gambling on Stock Exchange.

It is said that, by the time he left school, he had more cash in his bank than many of his teachers.

At 19, he was in charge of his own hire plant.

Now he owns his own castle - one of the most historic buildings in Scotland. And very soon he could be adding Rangers to his portfolio. It remains to be seen if Whyte's move to capture the club will f lush any other parties out of the woodwork because - despite their failure to strike a deal with Murray - King and his consortium have yet to throw in the towel on their own ambitions.

They had put together a package worth around £18m but this was flatly rejected and Ellis drove the price up when he agreed to pay Murray more than £30m.

The club's debt has been reduced by around £10m since then but the selling price remains the same.

Now, quite clearly, Whyte believes he will be able to close the deal and the young gun must have said enough to impress Murray, who has stated all along that he will only sell the club to the right people - men with enough money to take the club forward.

Who knows? Murray may even regard Whyte as something of a kindred spirit.

After all, Murray was himself aged just 37 back in 1988 when he launched a takeover of the Ibrox club.

It was the beginning of one of the most successful periods in Rangers' history but Murray's aggressive pursuit of European glory eventually saw him writing the kind of cheques that his club could simply not afford.

Now Whyte is bringing his money to the table but it remains to be seen if he will adopt the same scatter-cash approach as the man who has owned the club for the past two decades.

But if he brings in even half of the number of trophies Murray delivered then the fans are unlikely to be complaining.

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  • 2 weeks later...

Been 5 years+ now but BDO and others are still raking in the fees for investigating the death of Rangers. When do we get the fucking autopsy? 

https://www.bdo.co.uk/getmedia/a4db008f-11e2-49fc-b72b-af5ba1ce8d2b/RFC-2012-Plc-report-dated-5-December-2017.pdf.aspx

Apologies if this has been mentioned recently, been away for a while.

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  • 2 weeks later...
I thought I saw a homeless man who looked awful lot like Dave King. Hmmm.


Tragically that is unlikely. Although with losing the case yesterday means Sevco could be in serious trouble, especially if he does not comply with the share offer and prospectus. The prospectus will be interesting as all financials must be listed, no unaudited accounts allowed! Things may just start getting fun again.
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  • 2 weeks later...
On ‎13‎/‎02‎/‎2018 at 22:29, welshbairn said:

Been 5 years+ now but BDO and others are still raking in the fees for investigating the death of Rangers. When do we get the fucking autopsy? 

https://www.bdo.co.uk/getmedia/a4db008f-11e2-49fc-b72b-af5ba1ce8d2b/RFC-2012-Plc-report-dated-5-December-2017.pdf.aspx

Apologies if this has been mentioned recently, been away for a while.

 

when Airdrie were liquidated it took around 11 years for Airdrie United to take on the original name of the old Club once the liquidation process was finished.

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On 3/12/2018 at 10:31, rainbowrising said:

 

when Airdrie were liquidated it took around 11 years for Airdrie United to take on the original name of the old Club once the liquidation process was finished.

Spoke to an Airdrie fan a while back about them getting their name back. According to him they had to wait 10 years for the liquidators to finish with the original club before releasing the name, all they got though was the name, not all the History like some other club likes to kid on they have.

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Best tell the SFA and splf to scrub out Rangers and replace it with Sevco.
Someone spoke to an Airdrie fan....
 
Airdrieonians are deid too mate, Minty killed them as well.
Clydebank play out of the Shyberry now. As the true Broomfield lineage lies with Annan.
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Aye, Airdrie, Clydebank, Gretna and Meadowbank Thistle. All on a fellow footing with the h** has-beens, despite the incredulity from Sevco, the media, and the new fans. (You all looked really happy on the Edinburgh-bound train after the killie game btw) 

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So who has had an arrestment order upheld? Seen it hinted at on the John James site earlier which made me very skeptical but also heard from a former colleague at said bank who has backed up with John James is claiming.

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