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19 May 2012 23:56:23
Was at the Barca dinner last night and heard a strong rumour that there is an agreement in place that allows Rangers to pay the players the missing wages and if they do that the reduced price release clause is removed.

The belief is that if CVA is accepted, and they belief it will, that the season ticket money will be used to repay the players and that virtually all will stay. It is believed that Lafferty will be the only one to go.

It clearly still leaves us short of strikers but should have enough to make a fight of it. By all accounts and this came from Jardine they are all impressed with Green, I know its early days but that is the feeling. There is also big talk that the mystery Singapore family are involved in Asian tv and there is a big deal to be done.

They are also setting up academies in the Far East and believe that this market could be huge.

Incidentally a great night, we may never see their likes again.
True legends each and every one of them.

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19 May 2012 17:48:21
if cva doesn't go through mr green's shares will revert back to mr whyte. FACT

There are 9 replies to this rumour. Click to view these rumour replies.

19 May 2012 16:11:01
Everybody seems to think that a CVA is not going to be agreed.
The bottom line as I see it is that the creditors that will decide are ticketus and HMRC. There is no doubt that Duffers have been discussing the whole thing with HMRC and it has gone to put a formal offer to the creditors. They know this is the best chance of getting any money, because they will get nothing if liquidation is the outcome.
I don't think ticketus will be an issue as they will go after CW for any shortfall. Not that you can believe a word that comes out of that liars mouth, but he did say he had guaranteed the deal personally.
HMRC must prefer getting something rather than nothing, and you have to remember that Rangers will be a big tax contributor in the future.
I don't think that Duffers would put forward this deal if they thought HMRC would refuse the deal.
Before one say that if liquidation was to go ahead and the assets to be sold, what would they get. The assets are valued in accounts at over £100m but there is no chance of getting a fraction of that on the open market. They would be lucky to get £10m, as neither Ibrox or the training ground ( I refuse to use its current title), have any other uses, and no doubt some will say they can knock it down for a supermarket or last etc, let's remind ourselves that this is Govan not Knightsbridge. Tesco or the likes can buy any piece of ground without having demolition costs etc. luxury flats in Govan , don't think so.
I am confident that a CVA will be accepted, and that this miserable time in our history will be nearing an end. However I have to say that the constant reports of a war chest and £20m being pledged is not the way to go as this cannot it well with those owed money. I wish the likes of RST would just leave Green to deal with this and stop demanding answers that may not do us any good at this time, but in fact the RST have done nothing but harm during this time, as long as a couple of them get five minutes on the telly seems to be their only interest. At a time when we need all the help we can get financially they insist on no season ticket increases, talks of boycotting the Scottish Cup where half of any gate fees is earned, they call for players to boycott Scotland, this is not the way to influence anybody. Why don't they just shut up and go away and I would like to see them removed of any influence, they certainly don't speak for me or any other fans I know.

There are 12 replies to this rumour. Click to view these rumour replies.

19 May 2012 16:08:14
Bears, from a good source, Mr Green backed by substantial money from far east, idea is to play hard ball with the creditors, make sure they dont bleed us dry, once the cva sorted the real funding will come in, the newco will have no debt, backed with a huge war chest and the ability to get more money from the banks. Word is they are looking for some kind of asian league with the big clubs from europe like barca, inter, liverpool, the gers and bayern. Heard that drogba yakubu and lampard have already been spoken to before the european cup final. Good times ahead at last WATP.

There are 26 replies to this rumour. Click to view these rumour replies.

19 May 2012 12:10:27
could someone clarify for me. if rangers can't get a cva does this mean that craig whyte will remain as majority shareholder. if so, where does this leave charles green and his consortium.

There are 11 replies to this rumour. Click to view these rumour replies.

19 May 2012 10:25:41
naismith is said to be keen on a move to everton to link up with former strike partner jelavic who has recommended the move to the toffees

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18 May 2012 22:34:21
Who is this guy Kerr. I for one have never asked for him to speak for me. He is a liability and makes us look a joke every time he appears on tv.

Stu

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18 May 2012 22:28:35
Why cant we just look for boys under 18, our scouts are good enough, surely we can pick up a you fagrebas or torres with some good scouting. We can then sell them for profit. Thats the way barcelona and some of the other clubs do it. This could be the best thing to happen to us. Ggb

There are 12 replies to this rumour. Click to view these rumour replies.

18 May 2012 21:13:08
Leicester in for Naismith 2 mill

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18 May 2012 21:03:32
Just a wee bit of clarification over Green's speech, he said Rangers formed prior to the days of incorporation, correct, he said Rangers re registered, kinda correct but a bit misleading, and that a new Co was no different.
I dont think Rangers history disappears if there is a new Co, because history is etched in minds, hearts successes and failures, families, fans, bereaved, joy, sorrow and every other curse that goes with being a fan of the Old Firm. But......
If there is a new company then there is a new company, a new company number, when you check the history of that company in the registers of this land then it will say "incorporated 2012" company history company events etc will be 2012, there is no getting away from this, in the same way that despite the re-registration alluded to by Green the company registration number of Rangers is SC004276, and the date this came into existence is 27/05/1899.
You cant have the argument both ways, either history is an intangible not linked to corporate structures and so this doesnt matter, or you can say that a new company wipes history. You cant argue this is the same as a flotation or reregistration.
I ramble but i ramble right.
Nevis

There are 14 replies to this rumour. Click to view these rumour replies.

18 May 2012 18:26:25
here is an attempt to clarify the EBT situation. there seems to be people who think the cheating aspect is about tax avoidance. it is not.

uefa and sfa rules state that all payments made to players must be in their contract, which can be altered any time for one off bonuses etc.

an EBT was a tax avoidance scheme where companies made offshore loans to employees without time limit.
the only point of an EBT was to avoid tax.
however if the EBT money had been in the contract it would have become taxable, so it would be pointless.

therefore the logical conclusion is that rangers players did not have the EBT payment in their contract.

this means it was an uncontracted payment and the players were not eligible to play under uefa and sfa rules.
so as far as uefa registered football players are concerned the EBT system was always a non-starter. a phone call to uefa would have clarified it i'm sure.

i would love it if someone could contradict this.

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18 May 2012 18:17:01
See the body that is RST were insisting that there is no increase in season ticket prices this year, I just don't understand the logic behind this.

Let me say that I have no great desire to pay any more but really the club needs every penny it can get. The prices have stayed the same for three years.

This is typical of this mob, they are concerned at the lack of money but don't want to help increase the income. Why is a 5 percent increase being opposed. This is typical, full of demands as long as they don't need to put their hands in their pocket. The same happened at the share issues, full of big talk and no result.

Our club is in trouble would an extra £25 on a season ticket be too much to ask for?

Or are they fans that are enjoying their ten minutes on the telly and as usual be not prepared to assist the club. I have to say they are the most mealy mouthed organisation ever to exist. These are the same people that met with Whyte and the only question they asked was when accounts would be lodged. Why did they not demand to know where our money has gone?

I think they are a liability and should be disbanded, they are useless.

There are 16 replies to this rumour. Click to view these rumour replies.

18 May 2012 17:24:41
Neil Doncaster, is saying that Rangers will be dealt with under the same rules as any other club that goes NEWCO, he has obviously forgotten that there are NO RULES for dealing with this situation in the SPL, so please can anyone tell under WHICH RULES will Rangers be dealt with if they are forced to go down the NEWCO route

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18 May 2012 15:59:12
Prospective Rangers owner Charles Green has named two of the parties involved in his consortium to take over the club.

The group, known as Sevco, includes Indonesian businessman Jude Allen and Middle Eastern lawyer Mazen Houssami.

They are described in a report on the Ibrox club’s website as “key protagonists” in the consortium alongside a Sinapore family trust.

In an interview with the Rangers website, Mr Green said: "I can now provide two names, as I have clearance to do so on their part, of investors who are on the list.

"One guy is Jude Allen who is an Indonesian investor and the second is a lawyer from the Middle East Mazen Houssami.

"These two are very prominent in their areas. It's a great opportunity for us to build on their experience, their connections in those regions because we want to take the Rangers brand into these areas.

"There are other names but for today they are two very prominent businessmen who are backing the football club."

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18 May 2012 14:28:08
Media full of Ticketus contract to be ripped up by D&P.
Also stated Whyte is still officially owner until 6th June when CVA agreed with Creditors and then Green becomes owner.
What chance is there of Ticketus agreeing a CVA? I think they'll vote to liquidate and get more.
I think Green wants liquidation.

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18 May 2012 13:57:41
As it appears that the Ticketus deal has been torn up and given that Whyte used a large chunk of this money to pay off our bank debt, does this effectively mean that Whyte will not really have cost us a great amount of money and may even see us profit from his time in charge.

Will we come to realise through time that Whyte has actually done us a favour?

Thoughts?

Big G.

There are 14 replies to this rumour. Click to view these rumour replies.

18 May 2012 13:54:38
Administrators at Rangers Football Club have told Ticketus they are terminating its contract over future season ticket sales, it has been claimed.

The claim was made by Charles Green, who is leading the consortium which is on track to take over the club.

London-based Ticketus are owed £26.7m from a deal struck with chairman Craig Whyte last May for the future sale of three years' worth of season tickets.

Mr Whyte gave personal guarantees to Ticketus over capital issued to Ibrox.

Earlier this month, Ticketus formally launched legal action against him over money it was owed.

The finance firm purchased tickets from the club at the time of the businessman's takeover last May.

Mr Green made the revelation about the Ticketus contract in a statement which followed several meetings with supporters' representatives.

18 May 2012 13:36:07
Hey folks we need to offload players to get the wage bill down so here are my suggestions ,goian,whittekar,edu,papac,Alexander there's at lest 70k a week. We could have a starting 11 of
McGregor
Ortiz(rb is his postion) subs/Hemmings,bedoya,little,Cole,
Bocanegra
Perry Hutton,fleck
Wallace
McCabe
McCulloch
ness
aluko
Naismith
Lafferty

There are 14 replies to this rumour. Click to view these rumour replies.

18 May 2012 13:23:17
'Charles Green last night admitted only 'five or six' investors have pumped cash into his 20-strong Rangers consortium - but then insisted he has already raised £20million' Daily Record. Well Mr Green is it five or is it six? Should not be difficult to answer you don't even need to remove your shoes but I do hope that your shoes were off when you reached the figure of 20M! I don't trust this man!

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18 May 2012 12:33:19
I appreciate there has to be more than the declared amount for the CVA in the consortium's pot. Money is needed for the continuing running of the club but does Green really think announcing that only 5 or 6 of the investors have put in money yet and that they have already raised £20m is going to curry favour from creditors? Sounds like he is aching to go down the New Co route, agree, disagree?

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