H_B Posted February 19, 2012 Share Posted February 19, 2012 Bloody hell, shocking if true It isn't. 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted February 19, 2012 Share Posted February 19, 2012 It isn't. Aye, I'm assuming this 'new information which has come to light' is 'we've found a biscuit tin full of cash and everything's going to be alright'. Pity. 0 Quote Link to comment Share on other sites More sharing options...
NUMBER 7 Posted February 19, 2012 Share Posted February 19, 2012 Wait until the administrators make their fees known to the creditors, and that comes out in the public domain. Probably about £ 450 per hour for a senior partner down to about £ 40 per hour for an envelope licker. From my experience Admistrators will have no interest in the creditors, only the client "Rangers" and themselves. I've even known them to have helped, guys who have gone bust to be up and running again, even before the creditors of the former company have had an opportunity to claim retention of title etc, they are a bunch of cnuts. 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted February 19, 2012 Share Posted February 19, 2012 Wait until the administrators make their fees known to the creditors, and that comes out in the public domain. Probably about £ 450 per hour for a senior partner down to about £ 40 per hour for an envelope licker. From my experience Admistrators will have no interest in the creditors, only the client "Rangers" and themselves. I've even known them to have helped, guys who have gone bust to be up and running again, even before the creditors of the former company have had an opportunity to claim retention of title etc, they are a bunch of cnuts. I used to work for PwC and this is accurate. My gut feeling at the moment is that the Admins will drag Rangers out of immediate trouble, cobble some accounts together before March 31st to allow European football next season and shaft as many of the creditors as possible (including all the other clubs that are owed). However, the danger with that one is that they end up losing the big tax case and then they could be back into admin like Pompey. 0 Quote Link to comment Share on other sites More sharing options...
Deanburn Dave Posted February 19, 2012 Share Posted February 19, 2012 Wait until the administrators make their fees known to the creditors, and that comes out in the public domain. Probably about £ 450 per hour for a senior partner down to about £ 40 per hour for an envelope licker. The figures you give would be the normal rates but the administrators and RFC will have agreed the rate before they were appointed. I would have thought the administrators would be charging higher figures given some of the alleged dodgy dealings that may have taken place. Add to that lawyers fees, tax consultants and PR people and the whole exercise is costing RFC a massive sum. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 19, 2012 Share Posted February 19, 2012 Here's Duff and Phelps publicly quoted fee scale when acting as administrators: We seek to recover fees on a time cost basis. Set out below are our hourly rates, with effect from 1 January 2011, excluding VAT: £ Partners 480 - 545 Managers/Directors 305 - 480 Seniors 190 - 310Assistants/Support staff 30 - 170 My link 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted February 19, 2012 Share Posted February 19, 2012 Here's Duff and Phelps publicly quoted fee scale when acting as administrators: My link That's not so bad, as Rangers don't bother paying the VAT. 0 Quote Link to comment Share on other sites More sharing options...
The Diamond Posted February 19, 2012 Share Posted February 19, 2012 (edited) David Murray in 2000 "I feel very sorry for Airdrie and their supporters but we're running a business. We have given them repeated warnings and felt they were playing on our good nature." "I apologise to Airdrie's supporters but something had to be done about this debt. Business is business and Carnegie Sports also have wages to pay." Edited February 19, 2012 by The Diamond 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted February 19, 2012 Share Posted February 19, 2012 Don't know if this question has been asked yet but, who are the other directors of Rangers football club and how much do they know of what is going on? This may be quite important to them if it transpires there are legal irregularities. "Yes your honour I was a director of the club and I know my responsibilities under the Companies Act, but I don't know anything about what's going on and I just did what Mr Whyte told me to do". 0 Quote Link to comment Share on other sites More sharing options...
Hipster Dufus Posted February 19, 2012 Share Posted February 19, 2012 0 Quote Link to comment Share on other sites More sharing options...
HibeeJibee Posted February 19, 2012 Share Posted February 19, 2012 shaft as many of the creditors as possible (including all the other clubs that are owed). They can't. I cannot believe how general a belief this has become here and in the media. Any club due cash who doesn't get it simply petition SPL under rule C9.1, and receive it from due prizemonies. 0 Quote Link to comment Share on other sites More sharing options...
Zeus Posted February 19, 2012 Share Posted February 19, 2012 I don't have anything to add to the thread. I just wanted to say . 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted February 19, 2012 Author Share Posted February 19, 2012 I don't have anything to add to the thread. I just wanted to say . Ach well, I'll add something - what odds on next season's SPL having no Edinburgh derbies due to Hibs being relegated, and no Old Firm derbies due to Rangers becoming Phoenix FC Rangers Athletic of Govan. 0 Quote Link to comment Share on other sites More sharing options...
Zeus Posted February 19, 2012 Share Posted February 19, 2012 Ach well, I'll add something - what odds on next season's SPL having no Edinburgh derbies due to Hibs being relegated, and no Old Firm derbies due to Rangers becoming Phoenix FC Rangers Athletic of Govan. Evens 0 Quote Link to comment Share on other sites More sharing options...
Owsley Posted February 19, 2012 Share Posted February 19, 2012 Ach well, I'll add something - what odds on next season's SPL having no Edinburgh derbies due to Hibs being relegated, and no Old Firm derbies due to Rangers becoming Phoenix FC Rangers Athletic of Govan. Interesting that the Sunday Herald, brilliant today incidentally, gives some credence to that very possibility. Even Andy Kerr of the Rangers somethingorother talks about this prospect. Even if this doesn't happen, the very fact it is being discussed as a possibility and giving some of the knuckle draggers a cononary is, well, pleasing. 0 Quote Link to comment Share on other sites More sharing options...
theoriginalhedge Posted February 19, 2012 Share Posted February 19, 2012 I heard this morning that they have played their last games as GRFC. No redundancies as yet because the club will go tits up by midweek this coming week as there is not a bean left for them to continue running. Let's hope it's true but somehow unfortunately I don't see it. However unlikely, that would be absolutely wonderful ! I would be straight on to Jim Traynor to gloat about Brechin City's greatest victory !!!! What goes around comes around !!! 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted February 19, 2012 Share Posted February 19, 2012 Well that's going to make a difference 0 Quote Link to comment Share on other sites More sharing options...
HTG Posted February 19, 2012 Share Posted February 19, 2012 I don't have anything to add to the thread. I just wanted to say . I want to know why the BBC website still shows Rangers with 61 points. I think they have an agenda against Motherwell. Get the lawyers on to it ... 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 20, 2012 Share Posted February 20, 2012 Craig Whyte's lawyers, Collyer Bristow, who have sent the administrators new information supposedly to do with the missing Ticketus dosh, may have been a bit naughty: Collyer Bristow will appear as a joint defendant in the £50m Innovator One case. The claim against the firm and former partners John Bailey and Jonathan Roper concerns complex investment initiatives, known as ‘Innovator Schemes’, that were promoted by the firm as tax-advantage vehicles.Investors hoped to be able to claim tax relief on sums invested by them for participation in the schemes, which would use the cash to buy and exploit technologies. The intended investment vehicles were 19 entities, 16 of which were LLPs and the remaining three general partnerships.It is alleged that the project, which Collyer Bristow is accused of promoting, was a scam and a fraud and that conditions for the claimants to become members of the schemes and for their subscription monies to be paid to the partnership vehicles were never fulfilled. My link 0 Quote Link to comment Share on other sites More sharing options...
Poet of the Macabre Posted February 20, 2012 Share Posted February 20, 2012 Could someone summarise what the current state of play is with Rangers. Trying to avoid hilarious posts of "THEY'RE FUCKED LOL!" 0 Quote Link to comment Share on other sites More sharing options...
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