Big Rangers Administration/Liquidation Thread - All chat here!

[superbigal 1,865]

:o The administrators are consulting with their own agents to see if they are happy with the deal :lol:

[Bryan 5]

What was that on stv about an issue with wyldes contract

[one m in Motherwell 99]

And its just got more smelly. no agreement should equal bye bye players.

You'd think. Sadly, the more I think about it, the more I reckon this will drag on and on. Clearly some hidden agenda going on here.

Probably been asked before, but if they are liquidated and the registration transferred to a NewCo (assuming the SPL bend over and let it happen, with the NewCo straight back into the SPL), would the player registrations go too? As in, the longer they leave it to make a decision on redundancies, could they pull the plug and transfer the player registrations onto the NewCo, leaving the new team with a ready made squad?

[superbigal 1,865]

Sadly this evening we have been unable to reach agreement on the personal conditions sought by the advisors to the players in respect of those wage cuts.

Meaning they all wanted free-transfers end of season or some massive sell on percentage if a transfer fee.

More greed basically.

[~~~ 4,915]

And its just got more smelly. no agreement should equal bye bye players.

exactly, All is should be is

Administrator "Are you willing to take a pay cut in order to keep the club going"

Player "naw, nah chance, am wan a the peeple"

Administrator "Don't let the door hit you on the the way out"

Next!

[Musketeer Gripweed 1,115]

Charles Paterson will have a shitload of overtime recently. He must be loving the administrators and their ineptitude.

[thelegendthatis 356]

FFS, what's with the gloom?

They are in massive hock to HM Revenue and Customs, who couldn't care a flying f**k about Scottish "traditions" and whatever "special treatment" Rangers are accorded up here c/o the funny handshake mob's grip all over the joint. As far as they're concerned Rangers are massive fraudsters in a tuppenny part of Great Britain PLC that 95% of its population won't bat an eyelid over their passing, least of all when English clubs like Portsmouth have to pay the price over far more trifling sums.

The irony is that the arch-Unionists may see still being part of that Union as being what finishes Rangers off. In an independent Scotland, HMRC would be leaned on politically to give them ultra-leniency. As part of Great Britain, what England says, goes, and no Coalition government is going to hand on a plate one hell of a "one law for the Jockos (and Northern Irish for that matter", another for the English" to the Disgusted Tunbridge Wells set of Middle England. With Darlington, Plymouth Argyle, Portsmouth and now Port Vale all up the creek, any political pressure to give leniency to a Scots club heavily associated with sectarian bigotry would be suicidal.

Add to that they now have the stock exchange after them as well, the Charity Commission on their case, UEFA unlikely to tolerate SPL or SFA rule bending at a time they're threatening to throw the very nation they're based in out of all FIFA competitions if they try the same for Servette and Sion, and growling similarly at the Turks - both nations of far greater importance to world football, let alone European - than our little backwater pathetically perpetually dining out on former glories of half-a-century ago.

There will be no magic escape capsule for them to zoom off in cackling in their wake, bloodied but scheming and arrogant as ever. This is the real world. In that real world Rangers are just another national business gone FUBAR. No one's interested in throwing massive sums to rescue a basket case that even if it remained alive would find itself being dragged through expensive court case after expensive court case for a decade, with no guarantee of more massive fines for malpractices from HM Government, UEFA, etc.

Donkeymaster and his pals in the media can play Rangers Twister for all they want - Rangers are dead. It's only a matter of when.

Agreed, and while Rangers must disappear down the liquidation plughole, the SFA's jacket is on a shoogiy peg. With their ability to turn a blind eye to dodgy dealings for years, not just at Rangers but other clubs, their sponsors and financial supporters, including the Scottish Government must be looking closely asking if this is the sort of organisation we want to be associated with. An obvious no, unless some dramatic changes are made. But at least the SFA is trying to circle their wagons as is the SPL, and no doubt both will dump on Murray and Whyte pretty soon. Hoping to save their own skins.

What did they know, and when did they know it?

Odds should be at BetFred soon on where the first arrests will be.

Whyte 10/1

Murray 25/1

Martin Bain 25/1

Willie Mackay 1/100 (I wish)

Any Rangers director over the last 10 years all at 100/1

Edited March 6, 2012 by thelegendthatis

[jagfox BLM 18,352]

Less jelly and popcorn in bin bags, more rangers training kit and stolen bog-roll.....

What to we want?

Liquidation!

When do we want it?

Now!

Edited March 6, 2012 by jagfox

[ArabianKnight 860]

I'm wondering how many times i'll be cringing throughout this we need Rangers love fest, sorry debate*

[mozam76 432]

This guy Dingwall on STV - he's living in cloud cuckoo land. He has just said that the players who haven't agreed to any deal "are quite right to haggle, they can't be seen to being walked over, if not for them, then also their fellow pros". Does no-one with any interest in this whole farce, who has an ear within the mainstream media, read this forum? In every other admin that I can think of, cuts have come quick, and have been far more swingeing than what is happening here - and I'm sure there's been fucking zero negotiations with the administrators.

Lets get one other thing right - any "deal" that these guys are trying to obtain, are ABSOLUTELY to suit their own end, they won't be giving their fellow pros a second thought.

Edited March 6, 2012 by mozam76

[Jussy 92]

I left for work when Wylde and Celik walked. Many hours later I'm home and have done my best to catch up on what I've missed so far. Doncaster and Young make tits of themselves, is that really all that's happened?

[~~~ 4,915]

Admin statement

DAVID WHITEHOUSE of club administrators Duff and Phelps has made the following statement to the media this evening:

Today has been a very frustrating day. Earlier in the day, we believed we had agreed in principle a basis of cost-cutting measures with the players accepting substantial pay cuts and we are very grateful for their efforts in reaching that point.

Sadly this evening we have been unable to reach agreement on the personal conditions sought by the advisors to the players in respect of those wage cuts.

There is still some hope these issues can be resolved first thing in the morning but it is extremely disappointing we haven't been able to get there tonight

[captainkev 726]

I left for work when Wylde and Celik walked. Many hours later I'm home and have done my best to catch up on what I've missed so far. Doncaster and Young make tits of themselves, is that really all that's happened?

Essentially that would seem to be the case unfortunately. Bartley was on tv and looked like a bit of a tit as well but Wylde and Celik are the only two who appear to have left today.

[PELE JNR 19]

Surley HMRC have to now take control. After 21 days of Haudit & Daudit being in charge cost cutting has been non existent, 2 directors and 2 players. Earlier posts suggested that there are 8 people in the administration team, (so minimuim cost) say on £100 an hour 35 hours each a week - that's £3500 x 8 x 3 = £84000 in administrators cost so far but I'm pretty sure it's more.

[ayrunitedfw 2,520]

Surely there are going to be major player cuts tomorrow ? No ?

[Handsome_Devil 62]

It's remarkable that there's the clear feeling that the players are in charge of what's happening. The admin guys have already been paid more than a hundred grand, going by what's quoted as their fees, while each day they don't make cuts the club loses another £30-40k - in three weeks, more than £600k! It's fair enough they couldn't do things instantly because of the shambles of the financial situation but it's getting laughable.

[Hipster Dufus 239]

Guess the movie.......

Edited March 6, 2012 by Hipster Dufus

[Gaz 7,675]

Surely there are going to be major player cuts tomorrow ? No ?

Probably not.

[GoTeamGaz 349]

how long can this go on 'til HMRC go back to the courts to get this mob chucked out? no other business would be getting away with these 'talks' & delaying tactics.

there are only so many ways this can go now, I can't see how Rangers can come out of this unscathed, they're in too much debt & too many investigations, even if they win the BTC.

1. NewCo admited to the SPL, to do this there would have to be some concession, an expansion to 14 would maybe get a few teams on board, Rangers would take the hit for a few years agreeing to less TV money to keep the existing teams on the same amount. This COULD see Celtic & Motherwell booted out the CL, no one playing in the EL & Scotland out of the WC qualifiers before they've even started, would be interesting to see the fans reaction then, Rangers given priority over Celtic AND Scotland.

2. The NewCo take over another team, I assume the priority targets (from what I've read, sorry fans of...) St Mirren or Cowndenbeath? The SFL changed their rules after Airdrie to make it much harder to buy a team out but Cowdenbeaths future looks grim with the lease on their stadium up next year, really poor crowds & an owner desperate for a way out. St Mirren also apparently looking to sell, UEFA might look similarly down on this too though.

3. The NewCo apply to the SFL for entry to the vacant space in division 3, a good chunk of the Rangers fans now seem to favour this as a massive FU to the SPL, however, as they won't have the required three years accounts so they'd STILL have to buy out a junior club to get their accounts. The SFL chairmen probably wouldn't stand in their way, seeing a paycheck in the future coming their way, doesn't matter what the fans think.

maybe I'm missing something but it seems like the people in charge are going to have to make a direct decision between a big TV deal & European football for all clubs & national teams for 3-5 years. Will they make a gamble on UEFA being soft on them? Scary thought. No matter what happens though, no one will listen to us, we don't matter, the chairmen, the media & the sponsors will all have their way. Sadly they will count on all of us being unable to just walk away (& for the most part they're probably right which is the saddest part of the whole thing)

Or merger with Berwick Rangers? As the big rangers the govanites can keep that part of their name. New name Berwick Rangers.

Sell ibronx to lidl then move to Sheilfield. The bluenoses get to play in England and nothing really changes for wee Rangers fans as being the host club they keep their history, titles and team colours. Everyones a winner

actually ... you might be on to something there ... don't Berwick Rangers have joint membership or the FA & SFA & have a team playing in some English lower league, if they could get away with it it would open their door to having a long term plan to getting in to the English system while seeing out the next decade in scotland

Edited March 6, 2012 by GoTeamGaz

[MacWatt 33]

Lets put it this way. Until yesterday, we'd barely heard a peep from him.

Yesterday, his employers met. Today, he's been all over the radio and print media like a rash.

Potentially coincidence. Potentially...

Whatever people think of Doncaster let's get one thing clear, if a newco Rangers are admitted directly into the SPL it will be because the chairmen/owners of the other SPL clubs bottle it.

It is no coincidence that Doncaster has come out today pointing to the re-admission of Rangers into SPL following a meeting of all 12 clubs yesterday. The SPL clubs will do anything to retain Rangers in SPL and safeguard the TV deal/league sponsorship. If they fail to do this a number of clubs could go to the wall. They also talked about amending their articles to address financial fair play issues. This could include a further points deductions. Some time ago Tom English, I think suggested that the most likely scenrio was the readmission of Rangers with a 10 point deduction at the start of the next three seasons. May not be far off the mark.