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Big Rangers Administration/Liquidation Thread - All chat here!


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47 minutes ago, The_Kincardine said:

You haven't the wit, the charm or the debonair good looks, china.

But I applaud your ambition.

Not drunk enough either to be fair. 
 

Hope your well Kincardine, has anyone heard from Romeo yet? 

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  • 2 months later...

 

On 03/06/2022 at 11:33, Jacksgranda said:

Romeo hasn't posted for a year...

I've been absent for ages. Here's an oldie.

 

Smith's consortium was originally hostile to Charles Green's consortium but stated that "We wish the new Rangers Football Club every good fortune."

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On 03/09/2022 at 10:07, cyderspaceman said:

 

I've been absent for ages. Here's an oldie.

 

Smith's consortium was originally hostile to Charles Green's consortium but stated that "We wish the new Rangers Football Club every good fortune."

But a goldie.

 

This thread is dying on it's arse of late... which is apt.

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  • 3 weeks later...

A celtic fan, a legal beagle, slightly dodgy.

 

It surely can't be a former bralt favourite...

 

 


A SCOTS lawyer was caught with cannabis in his pocket after turning up to court wearing a Celtic shirt.
Officers decided to search Michael McKeown, 53, after he arrived at Glasgow Sheriff Court in the football jersey because they doubted his credentials.

Michael McKeown was found with cannabis when he arrived at Glasgow Sheriff CourtCredit: Alamy
But they found that he was carrying a small quantity of the Class B substance in his pocket at the time in 2020.
The solicitor, who is a partner with Callahan McKeown & Co in Renfrew, paid a fiscal fine of £325.
The fine meant he didn't need to appear at court and he did not receive a criminal conviction.
But a Scottish Solicitors’ Discipline Tribunal panel found his conduct to be “serious and reprehensible”, according to The Times.
The tribunal found him guilty of professional misconduct

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20 hours ago, Alfie Conns sideburns said:

I'm new here and I've just stumbled onto this thread. 

10200 (ten thousand and two hundred) pages about something that never actually happened!!!!

There must be some really sad individuals on here?

What didn't happen?

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On 30/09/2022 at 15:02, Alfie Conns sideburns said:

I'm new here and I've just stumbled onto this thread. 

10200 (ten thousand and two hundred) pages about something that never actually happened!!!!

There must be some really sad individuals on here?

Yep. Neither did the Holocaust, mate. 
Elvis is still alive too.

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  • 1 month later...
  • 5 weeks later...
14 hours ago, edinabear said:

Any update on Sevco going bust?

No, but agreement has been reached between the liquidator and HMRC over the amount of tax debt (£56m) that was owed by the original Rangers Football Club before its death. Remember the fabricated stories invented by the blame-shifting bloggers and fans claiming that the true tax debt was only around £10m, a pittance that Rangers could've easily repaid, a fantasy repeated by an ever-willing media? The reality is that the tax debt was considerably higher than the £56m agreed upon, but HMRC made clear that further litigation would've proved costly and reduced the creditors' pot. Rangers' total estimated debt in 2012 was £168.8m. 

Who would willingly buy a club with such huge debts attached to it? Sheikh Mansour? Shake Maheid.

Sevco has no connection to the now defunct club, except for the basket of distressed assets purchased from it. 

Hope that helps. 

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On 15/12/2022 at 12:23, Squonk said:

No, but agreement has been reached between the liquidator and HMRC over the amount of tax debt (£56m) that was owed by the original Rangers Football Club before its death. Remember the fabricated stories invented by the blame-shifting bloggers and fans claiming that the true tax debt was only around £10m, a pittance that Rangers could've easily repaid, a fantasy repeated by an ever-willing media? The reality is that the tax debt was considerably higher than the £56m agreed upon, but HMRC made clear that further litigation would've proved costly and reduced the creditors' pot. Rangers' total estimated debt in 2012 was £168.8m. 

Who would willingly buy a club with such huge debts attached to it? Sheikh Mansour? Shake Maheid.

Sevco has no connection to the now defunct club, except for the basket of distressed assets purchased from it. 

Hope that helps. 

How much was the squad worth when Rangers went into admin?

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4 hours ago, edinabear said:

How much was the squad worth when Rangers went into admin?

Not very much, considering Charles Green thought he could purchase the entire playing squad, plus Ibrox and Murray Park for £5.5m. The sales of Steven Davis, Steven Whittaker, Steven Naismith, Allan McGregor,  Kyle Lafferty, Sasa Papac, Lee McCulloch and the rest might've kept the Ibrox floodlights on for another ninety minutes, but nowhere near enough to address total debts of £168.8m, especially when prospective purchasers could offer to buy players for peanuts knowing Rangers' desperation to sell.

Edit: Lord Tyre valued the entire playing squad at £19,704,883 last year when reviewing the performance of Duff & Phelps as administrators. Just a mere £150m or so shortfall then. Still lots of wailing and gnashing of teeth over the failure to preserve what you claim only to be a <cough> meaningless operating company.

Edited by Squonk
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1 hour ago, Squonk said:

Not very much, considering Charles Green thought he could purchase the entire playing squad, plus Ibrox and Murray Park for £5.5m. The sales of Steven Davis, Steven Whittaker, Steven Naismith, Allan McGregor,  Kyle Lafferty, Sasa Papac, Lee McCulloch and the rest might've kept the Ibrox floodlights on for another ninety minutes, but nowhere near enough to address total debts of £168.8m, especially when prospective purchasers could offer to buy players for peanuts knowing Rangers' desperation to sell.

Edit: Lord Tyre valued the entire playing squad at £19,704,883 last year when reviewing the performance of Duff & Phelps as administrators. Just a mere £150m or so shortfall then. Still lots of wailing and gnashing of teeth over the failure to preserve what you claim only to be a <cough> meaningless operating company.

But the debt was only 56 million. The squad was definitely worth that amount. It's a shame HMRC couldn't have acted with more integrity throughout this period.

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