Rangers Rumours Archive May 13 2012

 

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13 May 2012 12:10:19
English league here we come...

Believable66 Unbelievable117

What a mug you are. Obviously know nothing about the game

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No you're not . It's Scotland forever. The only question is whether it's the SPL or SFL.
Liah Smit

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Your just as much of a mug for replying to it.

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@1. Agree, what a clown! No chance of playing in England.

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You really don't know a thing this has been covered so many times there is no way of going to English league under UEFA rules in place now (I bet this idiot comes back with Cardiff etc)

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What planet are you on mate? Survival would be a good start. Green's bid means nothing at the moment. Remember that Miller bailed out when he had a closer look at the books.

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Oh no we wont be cos we dont do woking away!!

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Planning to buy a season ticket for Carlisle?

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Green will be good for the club loads of dosh hopefully

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Obviously you must think you don't need any money to play there either, or, would you lot simply not pay your bills again!! Get a grip, next you will want to play under the sea, with so many leagues there, you might find one that you really are a big fish in. LOL.

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More chance of Gary Hooper being sold for £35 million

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I think Rangers will go to the championship because the SPL is the Scottish Championship. Another reason for them going into the Championship is because it is getting boring in the SPL because it is either Rangers or Celtic who win the SPL. Come on Rangers!!

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Look where the under 19s finished we would struggle in the Highland League never mind England!!

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Before you all start getting carried away here, I think you better check Charles Alexander Green on the free 'company directors' website. Over the last 20 years, appointed company director of 39 companies !!, nearly half of them (16) liquidated !! and seems to resign within a year !!!
Not good reading folks!

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Mr green cant back out try listening to his interview he owns graig sh*tes shares graigy boy singed them over to him for a quid and signed a legal contract he is not a prefered bidder says in interview ...mark

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Do you muppets not know a wind up when you see it ....

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Miller didnt buy the club...Green did.

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You will be liqidated ! FACT
you were told that all the other guys who bid for you would all pull out you didnt belive us !

your just beliving any bulls**t they feed you!
Start using BIG spoons youll get through it quicker !! MMMMMMMM

ITS OVER TIME TO WALK AWAY!
SAD BUT TRUE!

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Mainly English based consortium with the pulling power to move Rangers to the south of the United Kingdom.

Names will be revealed in the coming weeks.

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Would take a visionary, someone who thinks outside the box, who seizes the opportunity to take an unregistered newco rangers and register them in the english pyramid system. Registration would have to be accepted and strong legal team assembled using European free trade laws.does such a visionary excist?

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Green cannot bail the same way miller did. He has entered into exclusivity. Deal done now the only q is cva or newco

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Ok taxi for a ?

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Dream on. As an employee of a national company (much bigger than RFC) that was scooped up and severely assaulted by venture capatilists, I can give you an idea of what they are all about.
They are investing money, on which they will expect a significant return (despite the fact that Scottish Football does not make much money). They will only be around for the short term, make their money and bail out again. All assets will be sold including Murray Park, Ibrox Stadium, players....in short, anything that the club owns will be sold and the most cost effective alternative found (usually a lease option) to replace it. Ibrox will be leased back to the newco via their 3rd party.
All running costs will be slashed and a flotation or sale of the newco will be sought as soon as financially viable.
The philosophy is similar to the vikings when they came to britain...they come, they rape and pillage, they sell and move on.
Think about it. How many years would it take for them to recoup their investment and turn a profit? The best and quickest way to make profit is to sell the assets and pocket the proceeds.Google them and you will find they only hang around for 1 to 3 years usually. I fear the newco that will remain then will be a pale shadow of the real Rangers. It wont be a major concern anymore, but will be much easier to offload.

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Oh bears oh bears, if Rangers go NEWCO then they are not attached to the spl or sfl they would be entitle to apply to any league. I have it on good source that league 1/ league 2 in england have both been sounded out and are very open to the idea of Rangers coming. Not saying it will happen but is potentially an option. Lets go i say and watch celik suffer, the only chance of an old firm meeting is if they get us one day in europe hha

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"don't do Woking away" that's the best football joke ever. Proper lol!! Belly laugh , well done. Good luck gers fans. Don't think hmrc do cva unfortunately. If it's new co make sure fans gave a proper stake.

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Not that I think it might happen soon but playing in England is not so far fetched. The EU legislation about carrying out one's business anywhere within the EU would overrule UEFA as happened with the Bosman situation where EU working regulations trumped UEFA in house regs. All Scots clubs (at the moment anyway) are not only in the EU but in the same country (UK) as the English leagues so movement to those leagues would only need to be tested in court and UEFA would lose. However present members of the English competitions can vote not to accept new members so that would be the real stumbling block. The Atlantic League concept might be an easier route although the various countries that would lose their leading clubs might put up a fight prompting UEFA to severly limit Atlantic representation in the Euro comps so discouraging those clubs to take part. But money talks so who knows in a few years the Old Firm could be regularly up against Ajax,Feyenoord,PSV,Anderlecht,Bruges, Standard Liege,Benfica,Sporting,Porto,Malmo,Gothenburg,Brondby,Rosenberg and maybe Aberdeen!

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I feel like a mug for reading it!

KerGer

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One word.......


........ delusional!!!


get a feckin grip of reality.

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If UEFA/ FIFA let Rangers or Celtic go to England what's to stop Ajax going to Germany or benfica going to Spain ain't gonna happen , stupid post

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Green will be good for your club and you will hate him, he will put an iron fist on Rangers spending and run Ragers like a proper company. Forget about your 15-20k per week plus players, the club will operate on a strict budget much to the fans annoyance.

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Worse prospect than C Whyte I wish the WATP brigade had left things alone!

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Looks like in green we trust

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I have read many of these post with anticipation of a revelation but all that I read is the same old crud from the same old crud's its so depressing! Now I hear about Green. Why is he so different from the others who say that they will save Rangers. He is less likely because he has to depend on 19 others who are so scared of losing money that hey hold onto each other like turds splashing round a ubend! God help us all !

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Forgod sake pure negativity some of my fellow gers just never stop it we have been crying out for a buyer for months now finaly we get one and ur still no happy what is it with u pepole

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Don't do walking away! Win lose or draw your fans have been bailing for the final ten minutes for years. Worse of course if you are losing!

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£8.5m - 20 people - £450k each (not a massive risk if you are well off), even if they all walk away with £500k each it has been an easy earner. I dont think these people are rangers minded or are in it for anything more than a quick buck either through recovery and sell on to the highest bidder or liquidation and asset stripping followed by a sale of newco.

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Wont happen. First we don't want you. Second. Fifa only just tolerates a 4 country team set up in the UK. So you would  give leverage to scrap that if Scottish teams start playing in England. (Welsh teams is a big enough issue as it is) Third UEFA could strip scottish football of a Champions League position due to reduced competition after Rangers hopping over the boarder. Fourth your a Championship team at best and would  never play in europe again, Fifth, you could not compete with the premiere  machines  in the EPL under your current position. Sixth. Your fans would not travel well to places like exeter, plymouth, Portsmouth. Seventh we still don't want you. Hope this fills you in a bit. 

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N E W C O !......not O L D C O !

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Wow...someone bought Rangers to make money for a change. What did you expect ?
Santa Claus is a fairy story for children not adults.

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Rangers playing in england, where do you even start with a stupid comment like that Manchester is still recovering, go and play Linfield every week the only place that wants you

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13 May 2012 11:13:15
Joe Lewis is thought to be involved in the London-based consortium. He has previously invested £40m in Rangers FC. He is currently the 7th richest in Britain, worth about £3.8 billion.

Believable55 Unbelievable76

I cant see that happening mate.

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It is not london based you moron its has 20 people in it an from all over the world far east china singapore etc.... do ur research be4 posting mince

TB

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Cant see it? What can't you see?
A wealth person who has previously invested in the club investing once more getting far more than he got last time.
If i remember correctly, he was duped by Murray.
Lets be cautiously optomistic and hope it all works out.
BR

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Joe Lewis as in ENIC? Yes, he's had plenty of time to buy Rangers. DM would have known him for starters. Won't happen now.

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Why cant you see that happening more like you dont want it tommy boy

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Nonsense. Joe Lewis invests money and looks for a return. He lost kudos with his £40m last time. He doesn't have the time for nickel dime stuff and doesn't join consortiums of up to 20 putting in £400k each.

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Nobody knows who the rest of the investers are they wont be revealed till a cva is agreed so stop guessing and bull ...ting m8

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Why can't you see it happening mate? is it more you hope it doesn't happen? we are on the rise back to where we belong, no1.

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If he was that much of a fan why would he wake up on saturday morning and the rangers were gone and have to start up a mickey mouse rangers

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What a load of nonsense, as is freddy shepherd, straight from charles greens mouth. And lewis fortune is 3.8 billion dollars, not pounds. Makes a wee bit of a difference watp

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It was in the Mirror this morning that the guy who used to own Newcastle Utd is one of the partners in Greens consortium, as well as Far East families

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" there is now going to be transparancy - you can ask me anything you like ". C. Green. OK, can you tell us who the other 20 members of your consortium are please. A reporter. No . C Green

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Actually it is a London based investment fund, some of the consortium are based abroad but the fund is London based.

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Why would he throw more money at it

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In Mirror today Sir Freddie Shepherd is one of the partners, x owner of Newcastle Utd.

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If he tells reporters their is so and so in consortium then the people wee owe doe to will say well hes in the consortium and hes got the cash wee want more duhh

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Yeah! 3.6bn dollars is ONLY 2.3bn pounds makes a helluva difference ---

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What a load of nonsense, as is freddy shepherd, straight from charles greens mouth. And lewis fortune is 3.8 billion dollars, not pounds. Makes a wee bit of a difference watp
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Aye, hes only got £2.3 billion.....

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Joe lewis invests in spurs and he got his fiongers burned the last time he invested in rangers

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Of course he aint going to name consortium KNOW their wealth raise the price good business sense

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He said you can ask me anything and i will honestly answer truthfuly unless for legal reasons is that the best u can come up with? try again ....mark

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He did well the last time he invested can't see him getting stung again

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Cant make my mind up if this saga is like a carry on film,or the hokey kokey one bidder in one bidder out in out in out whats it all about lol

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Mr Green is a non exec Director of a Bermuda registerd company, Nova Resources Ltd. Mr Chan Fook Meng is the exec Director of Nova.
http://www.investegate.co.uk/Article.aspx?id=201109261600019456O
Here is a half year report on Mr Meng's company (Tembusu Investments).
You dont need to understand the profit and loss margins....just look at the numbers involved....hardly the same scale eh?
Check out Nova's website...they dont seem to know what business they are in? They havent posted any returns to Companies House?

Anyway, we all know that things have a habit of vanishing in Bermuda.

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Yes joe lewis must be sitting at home crying that he's only got 2.3 billion pounds . so can the kerrydale halfwits who seem to know everything about everything save us the wait and just tell us who the consortium is made up of. they must know by now.

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Yeah i hear you mucker, i got mad wie it and lost a shoe there on holiday last month.

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Sorry gents but have you been paying attention? UEFA financial fair play rules come into affect next year, you can't buy players until next year so money is a mute point! This "aw man.. oor new owner has pure billions byraway" is funny as f**k! Scott

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I cannot beleive the arrogance in some of these replys. Why would Joe Lewis want to get involved. He could have bought the club by himself. Can I get a constructive reply instead of the morons that jump in feet first . You are the same people that no doubt welcomed CW.

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I'm worried about this Green character. He says a CVA is unlikely! He's not bought Rangers yet, only after successful Creditors meeting 6th June. Problem is creditors won't accept 4pence. Ticketus want £27m no less. HMRC want £9.5m PAYE and VAT minimum then another £65m. The football clubs want full payments, including English and Euro debts. It's a NewCo and they all know it!!!

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" Ticketus want £27m no less. HMRC want £9.5m PAYE and VAT minimum then another £65m."
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What they want and what they will get are 2 totally different things, so they have a choice to make. Do they accept £xM or do they accept half of that under liquidation, no-one knows.

We will see. The one thing I know for sure is that you have no idea what you are talking about.

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"He's not bought Rangers yet, only after successful Creditors meeting 6th June"
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He has bought Gers, he only pays the £8.5M if the CVA is agreed, if not the club will go down a newCo route. However they are the majority shareholders.

Green and his consortium are as of Sun 13th May 2012 the new owners of Gers.

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Rangers did not invent CVAs, creditors decide daily whether to accept pence in the pound or nothing. Green has a plan A & B, plan B involves a newco just in case they say no. I assume he will have negotiated a seperate deal with CW for his shares if the newco route is the only option. There is no doubt that financially plan B will be more testing than a CVA, but unlike Bill Miller this consortium are prepared to finance the restructuring come what may.

Anorak.

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This "Liquidation will get HMRC nothing" is pure tripe. HMRC need to be sure that liquidation will be worth more than the proposed CVA. Ibrox and Murray Park are definitely worth something - perhaps to an investor who will lease them back to Rangers Mk2.

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If you listen to the press conference, CG clearly stated the agreement to buy the shares from CW was part of the CVA offer.

However I don't know if it was a slip of the tongue but he did not mention the sale of the shares would be valid if a newco route had to be taken.

It may mean nothing.

ANORAK.

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"He's not bought Rangers yet, only after successful Creditors meeting 6th June"
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He has bought Gers, he only pays the £8.5M if the CVA is agreed, if not the club will go down a newCo route. However they are the majority shareholders.

Green and his consortium are as of Sun 13th May 2012 the new owners of Gers.


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You obv have no idea what your talking about my friend, the deal has not been completed yet, due dilligence is underway and he has boughts the rights to exclusivity, Mr Greene has the signed documentation from CWhyte for the transfer of the shares yes but he still has to complete the deal himself after looking at our books, he still could pull out though, not saying he will but just stressing the correct point.

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"he still could pull out though, not saying he will but just stressing the correct point."
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Where do you want me to start?

"Binding Agreement"

"Green has purchased Craig Whyte's 85% shareholding in Rangers"

"New Rangers owner Charles Green"

"But Green, who claimed he was "mad" to buy the troubled club"

And there are many many more!

So is it a binding agreement or not, has he bought the shares or not?

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"The administrators also announced that an "irrevocable" contract had been struck and the group – unlike the former preferred bidder Bill Miller – cannot now back out."

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Can someone tell me this please. if this consortium is this big mega rich group whose wealth is off the radar why are they looking for a cva or liquidation .....here is a little thought PAY YOUR DEBT.

hail hail

Marco1888

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13 May 2012 11:08:07
Have just heard that a last minute bid to save Rangers is underway from a Lonndon consortium headed by Alan McGee, the guy who ran Creation Records and sold it for serious money.

I know he's a boyhood Gers fan and a self made millionaire and somebody who becomes fanatical about any business venture he becomes involved in so sounds ideal. I also know he is is a friend of Graeme Souness and feels he owes a debt to Rangers as he watched them regularly as he recovered in Glasgow from a drug addiction and felt they helped give him a reason to quit drugs, remember seeing this on a BBC documentary about ten years ago.

Your thoughts fellow bears? My mates all say that I've probably just reached the stage where I want to believe anything that means the club I have supported since 1969 is saved but my source is definitely credible.

Believable13 Unbelievable70

Why wait 3 months?

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Shut up! I know Alan McGee personally he's not putting any money into Rangers.

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You may know Alan McGee personally but so does my source, who was involved in McGee's Poptones label and in his new film production company. McGee is a huge Gers (and Chelsea) fan and has the money to save them from preferred bidder, more accurately, preferred fibber, Green who cannot save Rangers from liquidation. 8.5 million? Does anybody think that'll remotely satisfy creditors like HMRC & Ticketus?

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Just another one who owes a debt

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Complete and utter tripe! mcgee is on record as saying he has not got the money to invest in football

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As long as someone is willing to part with their hard earned cash and save my club then they get my vote. £8.5m or whatever I don't care as long as there is still a Glasgow Rangers. WATP.

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8.5m doesn't sound much to me, in the context of things. But you never know.

As for McGee? Nah.

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Alan McGhee will not be buying into rangers. Listen to me when I tell you I know this for a fact. Move onto the next rumour.

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Hopefully this is true.

Green can say that Whyte has signed a binding legal document regarding the transfer/sale of his shares but he's also said that his consortium will only receive Whyte’s shares if a CVA is achieved which as I can keep telling everybody isn't going to happen with the Green bid.

Green's bid is no more credible than Miller's AND HE DOES NOT OWN RANGERS as some of the press are claiming. We are still in administration guys.

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Your "source?" Any more on the inside track there, Mugsy?

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Look mate, Alan would not put money into Rangers,Chelsea or any football club and although I don't want to diss your source I think he's talking rubbish. But you are right about Green he's bad news.

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I also have a friend who's next door neighbour once sat next to McGhee's wee brother on a bus 23 years ago for 6 seconds. So you are probably right mate! (ya numpty!) :-)

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Green is not the prefered bidder cant you even listen to the interview with him? he basically owns the club with his consortium craig sh*te has signed a legal contract to hand over his 85% shares in rangers mr green has paid for the forementioned shares for the sum of one pound nobody else can come in green owns rangers deal with it ....mark

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Have you guys not been reading the news today? Takeover is on track, bid accepted, Charles Green has entered period of exclusivity and his takeover of the club will go ahead whether CVA is agreed or newco is formed

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It all reminds me of the group trying to design a horse what do we get a camel! They are scared to put any real financial commitment towards Rangers £200K each (x20) and as always the media cream things up - well its their job that's at risk if they don't!

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He'll need to buy it back off Green then as he's the owner not the preferred bidder.

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If Green has already bought Rangers why would the official statement say he has ''Mr Green has secured, via a substantial financial commitment, a period of exclusivity to complete the purchase of the club and this is expected to be finalised at a creditors' meeting on June 6."

Preferred bidder under a different name.

Read the statements mate. It's conditional. Parts of it are mince, i.e If they get a CVA they will release the names of the investors.

Note - If...

Green doesn't own Rangers. Rangers are still in adminstration & D&P are being paid handsomely.

And Alan McGee, Joe Lewis, Joe Bloggs or anybody else out there can still come in when inevitably everybody finally finds out that there ain't gonna be any CVA on June the 6th or any other time. Sorry. Too late.

What part of this don't you understand?

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Definitely, maybe?

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The CVA will be agreed, it complies with all HMRC conditions, all this tripe about HMRC never doing deals involving football clubs or EBTs, read their policy statement for goodness sake.

It would simply be perverse to refuse an 8.5 million CVA offer in favour of an 8.5 million newco offer from the same people ?

Especially when they will lose all of it in a newco deal, they are behind the secured creditors which add up to more than 8.5 million.

Its a done deal, now lets see what penalties result from UEFA,SFA and SPL for the EBTs.

I go for lifting transfer embargo, 3 year Europe ban and reduced fines.

Anorak.

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The media's jobs oan the line. Keith Jackson claimed Whyte's wealth was off the radar and won journo of the year lol

Don't believe the hype guys, Green is a delaying tactic, that's all. Don't be gullible the way yous were gullible wi CW. You see were that got us. Come June 6th he'll be off.

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More credible that somebody like McGee would take over at Rangers than Mr Green's plans to get a CVA.

HMRC will liquidate Rangers on 6.06.12.

Move on.

BB

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13 May 2012 08:42:04
Takeover deal for Rangers agreed

Former Sheffield United chief executive Charles Green has agreed a deal to buy Scottish Premier League side Rangers.
The deal will be announced at the club's training base Murray Park on Sunday when the 59-year-old is due to outline his plans.
It is understood Green wants to form a company voluntary arrangement (CVA) and he is backed with finance from Singapore businessmen.
He plans to watch Sunday's final SPL match of the season at St Johnstone.
More to follow.BBC.breaking news

Believable34 Unbelievable17

Apparently he has backing from uk, far east and middle east and intends to promote the brand in these areas as there is "appetite" for it. Hoping to agree CVA but if not will understandably be forced to examine the newco route if no agreement is reached. Fingers crossed... This deal sounds as though it could be serious. No more smoke and mirrors from duff and duffer.

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Bears, bears, bears the IR do not do CVAs so its the liqidiser for you,these people are vultures, buying something on the cheap

Rangers are now gone, no more history,no more 5 stars no more Sally. As a Celtic fan the saddest thing for me is no wee sleekit sally any more, cause anyone with a football brain will kick him to touch after his poor record this year.

While I am on the sally subject do you think he will ask for the 40 other members of the bid to be named(rest assured the shyte night will be amongst them.)

Dannybhoy

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Dannybhoy, you don't know what IR are gonna do, whats there choices, get a bit of money from cva, or nothing from a liquidised team, what would you choose if you were owed money from them?

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Oh dannybhoy the pipes the pipes are calling you back to nonsense land. HMRC are well known for accepting CVAs

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Haha at danboy you are pure gutted that weve got out this mess and you just cant take it by the way your post is written. haha i just cant get enough of reactions like yours ya fud

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If the money on offer to the creditors isn't considered substantial enough then HMRC will liquidate in order to instil a 'fear factor' on the other clubs tempted to go down this line. They will play tough then the big English clubs who have used EBTs illegally will know they can't mess.

Unfortunately for Rangers.

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In response to HMRC not doing CVA's... it is being reported that due to English Club's "Football Debtors Agreement", HMRC will not do deals (due to Football debt paid in full and they receive whatever in the pound). Scottish Football has no agreement, so HMRC probably more than happy to agree to CVA as ALL creditors on equal footing. Example was Dundee, where HMRC voted against CVA as Dundee planned to pay all sacked players during admin period in full.

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To dannyboy the IR will get less return on bankruptcy than CVA

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They dont deal are u stupid dannyboy D&P have been talking to them everyday since we went into admin

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Yeah I doubt the IR would like to be left out of any CVA - DannyBhoy may be correct in saying they don't do these sort of agreements, but if Rangers liquidate (according to a Celtic friend with a suitable intelligence, this may be correct) then IR get NOTHING. So why would they say no to it? If they say no, then it's liquidation and that's that.

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They will refuse a cva as always but if the others accept it will go thru as with Portsmouth.

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The IR do not do deals ,they will look for the full amount as they have bigger fish to fry and want to set an example

Dannybhoy

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It's not nothing. Liquidation would get them money through selling the assets.

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I would liquidise them, and take a share of the sale of all assets......

The trophy cabinet alone could be worth a few thousand on ebay....

HRMC turned down £10million......

so they expect more , even if liquidation is required.

why would HRMC accept 1 or 2 p in the pound ? that would be madness

Rangers have stadium worth £50 million... , training ground worth £14 million

rangers have assets with value, so creditors will get money....

issues is whats left after sales of players, ground, trophiess...

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Selling Murray park delivers double Green's CVA offer. Plus sell the players and the Albion and Ibrox and creditors get 100pence in pound.

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What's the TUPE business? That's only when employees change companies and their existing pension fund pot is transferred to the new company pension scheme. Employers don't need to pay in anything for this unless the pension scheme is empty! Remember Sir Robert Murdoch and His pilfered pension scheme at Mirror Group?

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3years no euro football, possible titles being stripped is not what I'd call getting out of this mess.

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HMRC are willing to discuss CVA or they would already have issued a winding up order as they did with Portsmouth not too long ago for a lot less money. I can't understand why people can't see how obvious this is!

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And they would get nothing with liquidation because the assets would be sold to the newco before liquidation came about...again obvious. People should really think before they prattle.

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TUPE: Transferred Under Protected Employment when your company is taken over and you go to the New Company employment.

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To Mr double space...the assets will be bought by a newco before HMRC can wind them up. That's why they will get nothing!

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So £8.5m from 20 'investors', less than £500k each then?

Don't sound like serious investors to me, just rich folk having a wee dabble. They must see it as a risky venture and not willing to venture too much cash.

I guess they might put more in if they see things going well.

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Tupe is actually to protect employees when a company or business changes owners and ensures that the terms and conditions of their contract can't be changed amongst many other things...nothing to do with pension

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"O" Dannybhoy, How sad your are Rangers on the mend, however to you point HMRC to refuse CVA and sell our assets.

Craig Whyte moved the main assets into a holding company some time back so they are not included within the current company in administration. Green has just purchased this for £1.00 securing our history and historic building.

HMRC and the rest of the crediters only have the CVA proposal money available to them, this is a no brainer take money or get nothing.

Carling1873

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Dear old Timmy, HMRC matters not a jot.....newco beckons should a CVA fail, like it or not we're coming back! Sure, you've been handed a title and may well be granted a second, but enjoy them while you can!

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Think we've found our mole at hmrc, it must be easy to trace dannybhoy's ip address and trace his home address. quite clearly hes in charge of policy at hmrc as he seems to know a lot about it. hold on a minute i forgot he's a kerrydale accountant that explains everything

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If d&p can sell assets for nothing to newco, so that HRMC gets nothing .... why have they not done that already?

HRMC can block sale of assets to newco - and force liquidation

HRMC and other creditors must agree a CVA - no other way

D&P can try to sell assets (worth £50million) to say newco for £1 - and then tell creditors there is not money - but they (D&P) can then be sued if they have willfully missold ibrox (book value £100million) for just £1 or £12 million...

So HRMC will get money from rangers, or D&P - either way they will get paid.

HRMC getting nothing seems very hard to imagine.... they have all the cards, and get the main vote

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Carling 1873 - is the assets moved out - why does the DP report say there are assets worth £100 million... ?

If D&P lieing then they can get sued, who says whyte did the transfer.... are you actually believing whyte ... again.. ?

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TUPE....

a newco is a new company - so employees (staff and players) old Rangers Fc can walk without any fee

Think bosemans, but think of a squad of bosmans.

English clubs can offer wages alone to pick up any rangers play - no transfer fee.

So newco - is fraught with danger of being no squad left - cept kids.

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Is it not right that CW has floating charge over Rangers for £30M. If Rangers go into liquidation.CW gets Ibrox,Murray Park and probably Albion aswell for the floating charge. Players are made redundant so no asset there. HMRC, TICKETUS get hee haw. CW then transfers/sells his gain from the floating charge to a newco. CVA will give creditors more of a return than liquidation for this reason I think ?... CW DID "SAY I WILL BE REMEMBER AS THE MAN THAT SAVED RANGERS".. Think he may have played a blinder getting rid of all the debt for £8.5M. From the very outset he's built up debt to force this situ. It really rely's on HMRC wether they call his bluff and KB a CVA. They may not a agree a CVA out of principle at what CW has done.

But hey what do i know ??

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Where does it say "floating charge" in d&p offer doc... oh it does not!!!

Assets worth £100mill (if we believe that) so even if whyte gets first £30 mill, HMRC and ticketus get rest.....

by what do i know - i can only read.....

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Rangers fc group have secured creditor status of around £30M fact. They get paid first ie assets. This has been stated many times. On paper assets may be around £100M yes. That figure includes playing squad value who become redundant, Ibrox stadium has a paper value for insurance purposes. What use is a football stadium to any1 but a football club. The land price is minimum due to location look around ibrox plenty of spare ground. The training complex can not be used for private housing for another 90 years again paper value.

Even the rangers tax case blog cites True value of rangers assets less than £1.

Has been stated many times by various parties HMRC get nothing in liquidation.

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Sorry was meant to say true asset value less than £14M

Whoops

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Rangers tax case blog values company at less than £1 (assets - liabilites)...

so that does NOT value assets at less than £1 - doh!

Even if HRMC get nothing (if rfc get first £30million and little left) - they still win - as they destroy a company, lock stock and barrel that tried to avoid tax - a great lesson to the other 20-30 clubs attempting this....

rangers on the other hand loose in both cases, ground sold, training ground sold, players sold or left without transfer fee, penalties galore, legal action for years to come from any competitor with financial loss, etc etc etc

HRMC cannot loose.

Rangers cannot win

Only winners are those with the £50 million in missing tax, and its not rangers!

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13 May 2012 08:41:11
Charles Green has officially bought Rangers. Signed and sealed prior to 9am today (Sunday).
Skiptheton

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Only agrred as a preffered bidder. not good news

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Wrong. He has been named preferred bidder. His consortium plan to put only £8.5 million in so haven't got a chance of a CVA. You think the creditors will give that more than a nanosecond's thought?

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Doesn't sound good.

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To the kiddies replying to this they cant back out irrevocable" deal signed ....mark

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No not preferred bidder it's a "binding contract"

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I believe mr green has got whyte's shares. has said he gave him 100% profit... yes 2 pound and not the 30 million the tims hoped for..so yes don't look good 4 the tims

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Above poster (Mark) is correct, according to media. Greens group have bought Rangers....all that is to be done is agree CVA, and if not start a Newco

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Mark- have the shares been transferred yet, as I heard Green say he gave Whyte £2 for the shareholding, yet I haven't heard if all the paperwork has gone through, as I imagine records at companies house have not yet been published.

Basically I want to know have we finally seen the back of Whyte!

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Actually he bought Whytes shares so whether preferred bidder or not he owns the club...

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The contract has been signed 8.5 millon as a CVA, if rejected it is 8.5 million Newco with CWs shares in the bag, merger will take less than a season.

History will be saved one way or another.

Good luck Gers fans.

Anorak.

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Just shows eh! on the day that they win the tainted title they still cant help themselves coming onto our rumour pages, its beyond obsession, think they are all closet Gers fans to be honest, watp.

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Mr green himself said in his interview sh*te signed the legal contract for his shares and mr green paid him a pound watch the interview green and his consortium own rangers so stop with the preferd bidder stuff he is not he is the owner and that is fact ...mark

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20 in his group sounds like a whip round of pissed asshoes no real risk taking or commitment.

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To preffered bidder he has bought the club and if it came to a share of £8.5 or of £0 then a nanosecond to think would be to long

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Explain to me how history will be saved, liquidation is liquidation all this talk otherwise is total bo##cks

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Rangers history will not be saved if it is a newco. That was just spin by Miller and D&P. The CVA will be rejected and Rangers will liquidate. A Pheonix club will be formed, but it will not be the same team. The reason? The old company will be liquidated because it is worth less than the debt.

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Then why an earth was the headline on ssn this morning RANGERS SOLD TO LONDON-BASED CONSORTIUM?

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For the avoidance of doubt, Greene does NOT own Rangers yet. He has secured a priod of exclusivity which meants he's paid (500k likely) to undertake due diligence. He can back out but is clearly not intending to as he would lose the 500k.

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So correct me if I'm wrong but did whyte actually ever say he wanted millions for his share? Was it just the enemy making trouble. The tax experts no wait I forgot the corporate business experts or is it the cva specialists now? Or maybe the company merger experts?

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This could end up the biggest laugh of them all!

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Rangers history will not be saved if it is a newco. That was just spin by Miller and D&P. The CVA will be rejected and Rangers will liquidate. A Pheonix club will be formed, but it will not be the same team. The reason? The old company will be liquidated because it is worth less than the debt.

poor wee timmy is writing the above though his tears are almost blinding him. "these big bad rangers are going away arent they mummy?" "no i'm sorry son someone is going to save them".

like it or not newco or not we are The Rangers, we know who we are and you know who we are. the best thing about it is your jelly and ice cream will stick in your throat and choke you!

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I have read this before!

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Like it or not newco or not we are The Rangers, we know who we are and you know who we are. the best thing about it is your jelly and ice cream will stick in your throat and choke you!


--------------------------------------------------------------------------------
The only reason its sticks is due to us eating so much of it, NEWCO means exactly what it infers NEW not the same. In short THE RANGERS are dead. Kidding yourself on is up to you, personally I could not care less, as long as the NEWCO are not the same CHEATS I’m perfectly happy to wait for the challenge, In all honesty Motherwell, Dundee Utd, Aberdeen and Hearts will push us harder than any NEWCO (assuming they live within their means and don’t cheat the rest of Scottish football again). Just a last thought, your being presumptuous you will qualify for the premier division.

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13 May 2012 02:16:03
I subscribe to the Times online newspaper.

I don't expect many people on this website do this but I am surprised that no one has mentioned the story in the Times yesterday about the 30 million pounds of fake receipts found in Ibrox. Even the financial officer at Rangers did not know about them and he also told the SFA enquiry that it was not a proper receipt from Rangers and looked like it had been made up by someone using "clip art" on the computer.
Wonder who would do such a thing?

This story will break eventually to the tabloids.
It never rains put it pours.

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Your a bit late m8 the issue in regards tae the clip art was in yesterday's daily record.

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Has been mentioned, if you are talking about the ticketus deal. Wait and see if it is true first. No point in believing everything that comes out in the press. It was in the tabloids before the times I see.

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That story did break in the tabloids yesterday

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Was already in other papers yesterday - think I read it in the Scotsman. Supposedly Whyte faked documents. Hope he did and that he is personally liable and found guilty of the fraud that lead to the non payment of the tax since his takeover.

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In all tabloids yesterday and every news website...

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It's in the SFA report that's been published ahead of the appeal. So true.

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Mate this was in the Daily Record yesterday too ..... save yourself the subscription fee .

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Yes, that story has been doing the rounds. What did the FD say? The receipts looked like someone's (CW's?) attempt to create formal documents using clip-art! And the FD wasn't allowed to pay any bill over £100.

Just how much shady money-shifting went on?

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The Times is a paper that commonly single source reports so I wouldn't just assume that, because they're a "high brow" tory paper they're in the know!

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Next seasons squad will look like it was made up wi clip-art

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13 May 2012 01:37:15
The gers have been sold to Charles Green, source - The Scottish Sun

Believable11 Unbelievable8

Yup, BBC has been reporting this. He'll try a CVA and if that doesn't work (which it seems likely not to) he'll do a newco. Doesn't say that he'll invest £8.5 into newco if that happens, though, nor how he'll secure Ibrox and Murray Park which would be sold by D&P if there's a newco.

The only joke is that CW accepted £2 for his shares, a 100% profit.

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Pref bidder only sounds like him and everyone in the pub with him at the time 20+ I hear!!

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Why does it seem unlikely? hmrc are not the major creditor yet no decision on big tax case i think there is a good chance we will get a cva. maybe thats why no decision yet just a thought?...mark

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This gets sadder and sadder why are they taken the pish on a dying entity???

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13 May 2012 00:45:55
I am not sure how to post but I have just heard the Gers have been sold to Green.signed and sealed.

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12 May 2012 23:45:50
The boys are back! The Blue Knights will table an increased offer on Monday morning. They have persuaded one other person to join, apparently this guy will pledge an extra £2m, to match Millers offer. But it has to be done on Monday a.m. Greens lot wont get through due diligence. Got this from journo pal in London, no reason not to believe him.

Believable3 Unbelievable47

They can pledge whatever they want, but unless the package for the creditors is greater than the sale of the assets, they will be knocked back like everyone else. Basic business sense, something these guys cant comprehend. Your club needs at least 45 million to give to the creditors, but before that they have to face the possibility of further SFA sanctions and the big tax case result. Be realistic and stop getting carried away just because someone opens their mouth and lets their belly rumble.

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Green has already got the club

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Bet you feel like a right tool now eh? seems your journo pal is a Kn*B

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What is it about these Blue Knights that some of you find admirable?
They have had plenty chances to but the club but have tried to get it on the cheap.
I for one would just like them to go away.

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Tell yer pal he's deluded.

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Blue Knights are skint, more chance of me getting the club.

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Lets give this guy a chance we dont need somebody else pulling out.

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How sad is this its now obvious that everyone knew John Gregg, Ally McCoist and it seems that they have cioined the lot.

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12 May 2012 23:34:37
Walter Smith and Graham Smith have consulted a Glasgow law firm about suing Brian Kennedy for stating they were on board with his bid with the Blue Knights. They totally refute this, and say they have not talked to any of the bidders.

Believable10 Unbelievable24

Correct me if am wrong was it not Graeme souness?

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Source?

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If it is greame souness you are talking about, he came and says kennedy was only man he would come back for

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When will you get it? your so called legends that you love knew all about what was going on with DM and what was going on with yous..its all going to come out at some point. do you really think one guy could do this all by himself?

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No wonder you are so fat Ally!

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12 May 2012 22:38:35
Another day of no announcements. What are these muppets up to? Duff and duffer say they want everyone to be transparent, yet they don't seem to take any of their own advice. It stinks of Whyte.
I also reckon Bill Miller was a part of the earlier American Consortium that Whyte was a part of, and just wanted to get us nearer to Whyte and D & P's goal of liquidation.

CP

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Totally agree this guy had no intention of saving Rangers. The Blue Knights should get their rear ends in gear if they have any intentions of saving Rangers. Its time to PUT UP OR SHUT UP as it is getting tiresome and time is running out.

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