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Big Rangers Administration/Liquidation Thread - All chat here!


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I think we should all feel offended not to be on this list:We need a list of enemies

Chick Young! laugh.gif

F'kin Ell, Aberdeen made the list but no Sellick?

You are correct that we should be offended that P&B did not make the list especially as we managed to shut down their website 2 or was it 3 times by all pointing and laughing simultaneously.

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Some great stuff in that SFA report, and I'm only part way through

55.That whereas prior to 6 May 2011 Mr Ken Olverman as Financial Controller of the ordinary business and trading operations of Rangers FC had substantial personal bank instrument signing authority and joint bank instrument signing authority with an Executive Director up to a value of £10,000, upon the implementation of the new policies he was instructed by Mr Craig Whyte that this previous bank authority was revoked and his limit for signing cheques etc was reduced to£100
57. That Mr Ken Olverman was instructed that despite Mr Alistair Russell being the Chief Operations Officer and Executive Director, Mr Ken Olverman was to report directly to and take instructions directly from Mr Craig Whyte. He instructed that no one except Mr Craig Whyte should be provided with information by Mr Ken Olverman. Mr Craig Whyte emphasised to Mr Ken Olverman that no information about the finance or affairs of Rangers FC was to be provided to anyone not specifically approved by Mr Craig Whyte. Mr Ken Olverrnan was instructed that this prohibition also applied to directors of Rangers FC.Mr Ken Olverman was concerned about the policy in which he was instructed but implemented it
58. That whereas prior to 6 May 2011 all of the directors of Rangers FC were provided by Mr Ken Olverman and other managers with briefing papers, management accounts, bank correspondence, financial accounts and projections and other materials to assist in the corporate governance of Rangers FC, after that date, on the instructions of Mr Craig Whyte, little or no information relating to the affairs of Rangers FC was made available to Mr David King (Non Executive Director), Mr John McClelland, ( Non Executive Director) or Mr John Greig ( Non Executive Director). Mr Ken Olverman was concerned about the policy in which he was instructed but implemented it
Edited by Ravelin
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Billyng has slashed his bid in half so its probably down to the magic English bid.

Didn't have to slash at at all they pretty much begged after bungling it up by accepting Miller's fantasy bid

"It is really crazy," Ng told Singapore's Today newspaper. "There were something like 20 missed calls from Scotland on my phone when I woke up.

I am now told they are willing to accept 50 percent of what I had initially offered. It seems they are now more receptive and no longer digging in their heels with unrealistic demands."

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F'kin Ell, Aberdeen made the list but no Sellick?

You are correct that we should be offended that P&B did not make the list especially as we managed to shut down their website 2 or was it 3 times by all pointing and laughing simultaneously.

"Aberdeen"....Yaaaasss! Who said we win phuckall these days. Eat my shorts SPL no hopers!

(BTW do you think that covers the current parliamentary boundary or the old city limits? Just in case onybody in Westhill feel's left oot like.)

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Anyone else utterly bored with all this? Just hurry up and slink out of the punishment/Die already.

With negative posts like that we will definietly get to page 1000 before we get close to a final decision.

I'm not bored by this, the conjecture changes daily and seems easily torn apart by the folk on this forum - some hilarious comments.

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Who is on the "English Consortium". McCoist should be calling for transparency on this!

SALLY should be made to sit in the naughty corner. When dealing with Rangers two way transperancy isn't likely - those double standars they like.

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I think any boredom from this has subsided with most people in the last few days. Plenty of amusement has been had recently, and we are very much near the end game of liquidation now.

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Interesting stuff about Lloyds Bank's role:

That Sir David Murray explained to Mr Bain that he was underpressure from Lloyds to dispose of and realise his MIHL shareholdingin Rangers FC to Mr Craig Whyte, and that in view of his overallfinancial position he was left with almost no option but to sell hisshares to Mr Craig Whyte. He urged Mr Bain to secure the agreementand approval of the IBC and the Board of Rangers FC to the sale of theMIHL shares to Mr Craig Whyte. Mr Bain declined to do so and from

the time of that meeting prior to 6 May 2011 Mr Bain's hitherto close

relationship with Sir David Murray was damaged.29.

That In addition to the pressure on the IBC and the Board of Directorsby Sir David Murray to approve and support the sale of shares to MrCraig Whyte, Mr Alastair Johnston (Chairman and Director) was putunder pressure by Lloyds to secure approval of the sale. From hiscommunications with the officers of Lloyds his perception was that

Rangers FC's own debt and financial facilities situation with Lloyds

would be seriously prejudiced were the opposition to the MIHL sale toMr Craig Whyte to be maintained by the IBC and the Board.

Edited by welshbairn
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