Rangers Rumours Archive April 24 2012

24 Apr 2012 22:36:42
RANGERS manager Ally McCoist tonight gave an explosive interview in which he demanded to know who handed out the SFA's punishments and admitted dropping down three divisions "might be the right thing".
McCoist was reacting to the football governing body's independent inquiry hammering the Ibrox club with a £160,000 fine and a 12-month ban on signing new players.
Asked on Rangers TV about dropping down to the fourth tier of Scottish football, he said: "Some fans have been suggesting this and I am leaning towards it myself.
"Make no mistake about it, it would be an unbelievably drastic measure and it will have an incredible impact on Scottish football - and not for the good.
"But if they are going to continue to impose sanctions on us and make things extremely difficult for us to defend ourselves then maybe, just maybe, it might be the right thing.
"We are hanging by our fingertips. We're really at the do or die stage and I can't reinforce that opinion enough."

McCoist also said Rangers had a right to know which individuals made the decision by the SFA's independent inquiry to punish the club so severely.
He said: "Plain and simply, I think it is an absolutely shocking decision.
"I found out the decision last night and I was shocked and absolutely appalled by the way this supposedly independent judicial panel was coming down on us in this form.
"Who are these people? I want to know who these people are.
"I'm a Rangers supporter and the Rangers supporters and the Scottish public deserve to know who these people are, people who are working for the SFA.
"Make no mistake about it, this is an SFA decision. They have appointed the panel so therefore they are working for the SFA, but who are they?
"I think we have a right to know who is handing out this punishment to us, I really do.
"Like everyone else involved - our team, our supporters, our staff and a lot of neutrals - I am staggered at the severity of the punishment.

"This decision could kill our football club, simple as that. Make no mistake about it.
"This panel is not totally to blame for the death of our football club if it happens but this particular decision could kill our football club.
"You would hope there would be sympathetic ears within the SFA over an appeals process, but you just don't know what is coming next. It is complete and utter guesswork.
"In terms of our supporters, again they have received another kicking and we just feel it's time to start fighting back. You can guarantee we will be fighting back."
The Rangers boss also said he wanted answers on outstanding issues surrounding the club's administration and its sale to Craig Whyte.
McCoist added: "This is unbelievably serious. We do not have any time and we now have a problem where we must appeal this but that again is going to take time which we don't have.

"The people within the club - the supporters and the staff - deserve answers and I believe there is a police inquiry going on into the purchase of our football club.
"As a supporter, I want to know about that. I want to know the results of the inquiry and about the dealings with Ticketus, Craig Whyte and Lloyds Bank.
"I certainly want to know about the dealings with one or two members of the previous board and what their involvement was.
"We need answers, we deserve answers and it's time we got them."
In his Rangers TV interview, McCoist also pointed the finger of blame at Whyte, who was fined £200,000 and banned from Scottish football for life by the SFA's independent inquiry.
He said: "I think Mr Whyte had been fined £200,000. Call me an old cynic but I would like a phone call from Mr Regan when he receives it.
"He has also been banned for life from being involved in any Scottish football club. Again call me an old cynic but I don't think he will be taking any sleeping pills to get to sleep tonight.
"We are suffering from the actions of an individual - the playing staff, the workforce within this great football club.
"That's the reason we are being punished - there is no other reason.
"It seems as though the non-payment of PAYE is the main bone of contention.
"None of us were aware that this was not being paid, everyone was stunned when we learned this.
"Deductions were made from the salaries of everyone at the club and no-one at the club did anything wrong, to my knowledge.
"But we have been made to suffer for it - it's an incredible situation."....jsm

Directors, Non executive directors and audit commitee have a legal obligation in respect of corporate governance of the company. This means they should have taken action to deal with CW both within the boardroom and also by alerting SFA and SPL when issues arose. Their performance and failure to act has resulted in the long list of creditors, large and small and for this RFC have been rightly punished by the SFA. Taking the Nuremberg defence, it was him not us me lord we just did as we're told doesn't hold.water and is an insult to the fans and history of the club.

Blame whyte blame the spl blame the sfa ! the true blame lies with murray

Yes murray rot in hell ...les

Ally has finally lost it! He will look really stupid if it emerges that he was the beneficiary of an EBT? Where's the moral high ground then.

Ally is being hypocritical. He blew the revenue dumping the club into admin. like CW said, he should've gone into admin in Oct when Ally blew the tournaments.
To whine at the SFA is petulant and pandering to the slobbering masses. Poor leadership.
I also wish these posts weren't cut paste jobs from websites we've read!!

There had to be staff there who knew about this and then they would tell other staff. psst the tax isnae being paid. craig whyte wasnt walking about with the money in his wallet. there would have been a routine for making these payments. the tax people would have been writing and phoning. the vat dont mess about. whyte says the payments werent made because of 4m being frozen. after all that's gone on at rangers the 'one bad apple' defence wont wash. 65 ebts apparently guys. loads of people knew what was going on. if you name the 65 who owe rangers money we will know who knew what. or maybe they werent loans after all. the smell is getting stronger. try this quote :
" 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.”
Chairman David Murray on Airdrie during their liquidation. and this :
'That's their problem although I cannot say I'm not enjoying what's happening to them' Ally Mccoist 1994 on celtic having financial problems. dont you just love the internet ?

Revealed on the radio tonight that McCoist knows exactly who the panel where.

Does anyone think the sfa or the 10 non old firm clubs would see rangers in the third division!!! not a chance. scottish football would collapse at spl level,as sky would withdraw their support,the other 10 would miss revenue from rangers games,and as a result. the sfa blazers would be asked to resign en masse. however div.3 would prosper,thanks to the rfc travelling support,and maybe then, real football folk could have a fresh look at the mcleish blueprint for change, and start to implement some of his recommendations. maybe in 5 years time, we may have an appetising product for a tv company,although the muck that could yet come from the levenson enquiry,may mean news corp usa (bskyb) being no longer the preferred bidder.

"We are suffering from the actions of an individual - the playing staff, the workforce within this great football club.

Absolute Rubbish, You knew Ally, Walter Knew, you all knew what was going on except the fans. Its all the fault of the people who ran Rangers FC, you are all responsible and are the reason that the honest fans and some players face an uncertain future.
Man up Ally and stop blaming Whyte for years of lies and underhand dealings.

SFA punishing Rangers justly for falling into Admin, meanwhile Rangers complaining u can't penalise us, it hurts we're in Admin! Lol couldn't make up this purile nonsense.

If Managers get penalties for criticizing a referee or fourth official then surely the above quotes are damning evidence against this manager criticizing with extremely inflammatory remarks SFA senior officials?

Well said ally always a legend

Why is there a transfer embargo thats what he is getting at,i would put my house on it that someone from septic fc was on that panel,if rangers die scottish football dies with us there is absolutely no doubt about it

No-one was aware that the tax was not being paid! No-one, really! What sort of a one man company was Whyte running where only he knew who was being (well really not being) paid?

Also was Ally having a go at Paul Murray when he lambasted previous board members?

Scottish football dies without that rotten mob? Really? Well let's give it a go without Rangers then. It's 140 years of Shame that needs closed for good. Scotland will benefit tenfold.

Did we expect anytin less? maybe he should've waited till h/t time at a game had a sly dig in the tunnel or in a post match interview called them cheats or even just ran up to the sfa delegate at f/t bullied him and all would be fine :)

If Lennon came away with half of that it would be deemed arrogant and paranoid, or at the very least an attempt to distance himself for the impending collapse of the club.

McCoist was there when the high spending of the BTC was going on, he was there during Lloyds trying to rein the debt in, and he was there when Whyte screwed the pooch, he better than most knew what was happening and choose to do nothing and let it continue

Ally knows exactly who was on the panel why does HE not name them....
People at Ibrox KNEW exactly what was happening

I can’t get my head round why Rangers Fans feel the SFA are picking on them, it does not matter what the current state of the club is, the CLUB broke rules. The CLUB has to be punished, under the circumstances the punishment is extremely lenient, I am positive if this was any of the other clubs out with Celtic or Rangers they would have been automatically demoted, and perhaps also had transfer embargo imposed. Take a look at other UEFA countries, for finical improprieties their FA’s are withdrawing their UEFA licence. I honestly feel that Rangers should grasp this opportunity, at least they can look their gullible fans in the eye and say we can’t sign anyone, this will cover the fact that you will not have any money to sign any player, so what is the problem, on reflection this is no punishment whatsoever. It’s about time instead of blaming everyone else, like spoilt little children, you as fans insisted the club go straight to the lowest division and accept a succession of owners have tarnished your CLUB. This way I and many other Scottish supporters would have some respect and sympathy for you as fans. It’s clear to the whole od Scottish football that Rangers have cheated their way to a succession of trophies over the years, they have been found out and must be punished, if this leads to Rangers extinction then so be it, Scottish football will suffer for a period, but this in my opinion will give all the other remaining club, who have kept within the agreed rules breathing space to develop and improve at a steady rate, young talent is out there and all clubs will be looking to nurture that in a better way, glad my own club seem to be in a good position to move forward as we seem to have invested within the RULES.

After some of the things that have happened lately bomb plots and all is it really wise to know who was on the panel?

"No-one was aware that the tax was not being paid! No-one, really! What sort of a one man company was Whyte running where only he knew who was being (well really not being) paid?

Also was Ally having a go at Paul Murray when he lambasted previous board members?"

---------------------------------------


Do you micro-manage your boss?
Do you check that all is legal with what the board of your employer is doing?

Of course you dont!!!

The Rangers board was whytes people....they would go along with whatever he wanted, its that simple.

To say the Rangers backroom staff and coaching team that they knew what was going on is simply idiotic...they would NOT KNOW the financial dealings of the board.

If you aint on the board, you wont know what the board are doing.....do you understand??

Well done Ally......he has been sticking up for RFC when all others(including the SFA) want to stick the boot in!!!

If Rangers liquidate, Scottish football dies......do not think for one nanosecond it wont!!!!!

Non-payment of PAYE is not a criminal offence and CW has not been charged with any illegality.

Except it. Club broke the rules. and can not get away with it. Pay dept or start over.

Disgraceful stuff from Coisty I'm afraid. We are in no position to dictate terms.....we haven't been exactly forthright in our disclosures have we? Time to start again with a new organisation without all this victimisation baggage.

Since when did non-payment of PAYE mean bringing Scottish footbll into disrepute ?

The reason you are being piunished is you cheated dodge payments and bought players you could not afford,wee Ally is spinning a tale deflecting blame everywhere but the fault lies with RAngers no one else and wee Sleekit Sally is only trying to save his bacon,the worst Rangers manager in my memory and he suckers you in again

@ reply # 5.

Why read this huge comment you've already apparently read then feel the need to post a reply. Next time your on our page and fancy reading the same thing twice, how about bugger off instead?

Has super actually confirmed he never received an EBT or was on a dual contract? am worried!

Who here dosen't think Sal and Walter were on EBT's.
They are Hypocrites , who can you trust?
Not them.

Dunno why people questioning if ally or even sir walt benefited from EBTs?
EBTs arent illegal...many clubs from all over the world use them..its the failure to pay tax on them is the problem, so whether or not ally and walt benefited is neither here nor there! do these people question their employers over their tax dealings?....i think not! {Ed001's Note - not true, the issue is whether or not they repaid the loan. EBTs are merely a loan, not a gift or bonus or payment, and have to be repaid. The question is whether anyone has repaid the loan or not? If the answer is not, then the EBT system has been misused and they are guilty of tax evasion.}

Didnt ask if he benefited, asked if he recieved? totally different! and was only asking if he has denied recieving

24 apr 2012 22:13:34
ticketus moving for liquidation at the court of session tomorrow.

Best one yet and how does liquadation get them a penny they are a prefered creditor like HMRC .The secured creditors will swallow up amy asset sale the last thing they want is liquadation

Then they must be covered by the floating charge. I still think it is unlikely though

Proceeds from the sale of Ibrox and Murray Park are far more financially viable than a CVA when are you numbskulls gonna finally get that sinking in...after its happened is my guess, seeing as its taken you's this long to finally get your asses away from a computer and onto the streets

But there deal could still be ilegal if Rangers fight it, So it cannot go through. Go back to your own site

I don't know how long I have to keep telling you that this has been Ticketus and whytes plan since day 1. Ibrox is a massively underused asset as a concert venue. If I remember correctly rfc have never really utilised it for this since the simple minds incident in the 1980s, as such Hampden , with it's poorer transport infrastructure is used. Ticketus saw an opportunity through the holding of the fixed charge to secure this asset. What they did not want was the indebted football club that owned the stadium. Whyte was used to slash and burn the club so this asset became obtainable in liquidation. Why else did the give 24 million to a stranger?

Ticketus are into many stadia events not just football.
D&P and Ticketus both linked closely with Craig are in front of Lord Hosge today to decide on Rangers. Nobody there who actually supports Rangers.

What a load of rubbish. any creditor moving for liquidation would kiss goodbye to ever getting a single penny of their money back. Go back to the Tims site.

Last poster !
your wrong !
this has was cws plan all along!
your club will be liquidated v soon
it's over everyone tryed to tell you
but you didn't want to belive it

now it's too late your club will not escape from lower leagues!

kepp hold of the memory's

you will return to ibrox one day
to see rod stewart in concert !

Go back to Tims site! I am a CoS neutral . Does the word "floating charge" mean f*** all to you? Liquidation gives Ticketus/Whyte the keys to Ibrox , without the football debts. I cannot believe how so many people have been suckered here. Whenever I read this site , Scott Joplin music is forever going through my head!

Craig Whyte has a floating charge over the assets, he can not have a floating charge unless he is owed money by the club. The only money he is owed is the money he guaranteed from Ticketus, from which he paid off the overdraft and used for working capital.
So if CW is the legal owner of Rangers then he is entitled to the floating charge, in the event of liquidation he gets the first 30 million and he gives it back to Ticketus.

CW and Ticketus do not make nor lose any money.

Exactly. Well done mate for also seeing the obvious. The 30 million that Whyte "gives" Ticketus is a five star stadium in Edminston Drive , Govan! That's the only valuable asset to Ticketus.

24 Apr 2012 19:26:50
Reports from media agency in England that Water Smith is returning to Rangers till the end of the season. Smith is believed to be carrying out a personal favour to McCoist. Possibility that Smith may stay till the club exit administration. Smith als believed to be taking no money.

Why would he return now ? Season finished.
As for staying until exit administration ? Eh ? He doesn't have that much experience with under 18's does he ?
There isn't any money to give him.

Lol, he still game, whats his squad number ?

Why is he going to pay everything himself ...he was murrays puppet for years ..i think walter knew everything that was going to happen thats why he got out ...he was a great manager but i think he knew more than he let on

Who is "water" smith? Enough of you nonsense, jog on now,son

Mr chequebook

Is the slug going to give him back his brown brogues and cardigan then?

Maybe he is retuning to repay his tax free EBT money.

Walter new what the condition of Rangers was like and exited at the right time.
He was on the EBT aswell.
He's not coming back he's distanced himself with D Murray in his bunker, communications down.

Walter had detailed knowledge of all his players contracts and EBTs. Was he on an EBT himself?

I for one hope he does we need all the rangers legends together fighting. I know how I feel at this moment of time so god only knows how Super Ally is - if Walter can give him any support then I am all for it.

Gers1986

Smith's only going to help McCoist. Smith will go when things are wrapped up.

Why would he? this is a none rumour??

By wrapped up you mean liquidation, then 2 weeks

A slap in the face for sly ally dont you think?

Been hearing that McCoist is near breaking point that's why.

WS is going to America to a family wedding so canny see this

If Smith comes back its a slap to Ally for sure.
I have to laugh at McCoists hypocrisy regarding SFA penalties. Playing to the crowd. When he, McCoist failed us and our club, his dire performances dried up our revenue streams.

Whats the point in smith coming back until the end of the season? Nothing to play for no trophies to be won 2nd place guaranteed. Or do u think there is still a chance for the title? ya nugget

Mccoist never failed us. All managers good and bad have had poor results in Europe. And been beaten by lower oppo in cups. Fergie. Lennon. Walter smith. Our clubshould never have relied on c league participation. Plus it wasn't ally who got sent off in Sweden.

WS returning would take the pressure off Ally in a "running the club" capacity. Not team matters more general manager than team manager. Cant see it happening though. CheltBlue

Smith was the rat who deserted the sinking ship

Would that be Walter Smith EBT!

24 Apr 2012 17:05:37
Craig whytes reply to his s.f.a punishment tell me how it's going to effect me. I couldn't care less it make no difference my life what so ever and good luck collecting the money you kidding me how's his shares not been took off him look what happened at Liverpool with those two old American guys.

White is taking the flack for d murray

Because his shares at the present time are worth 85% of an estimated and slightly exaggerated �140 mill debt

If Whyte does'nt pay what action will they take against Rangers

Exactly will rangers suffer again because of cw.The way things are going i wouldnt be surprised if we were liable

24 Apr 2012 16:03:17
Duff and Phelps to be removed as administrators for Rangers. Petition at Court of Session for a one hour slot tomorrow in front of Lord Hodge. It is believed that the courts will remove Duff and Phelps and replace them with another firm. Some rumours are pointing towards BDO insovency firm. Court has appointed new firm with a view to a quicker timescale and "natural conclusion' to the saga.

Absolute lies and nonsense. Tell me what you actually gain from making that up. I would really like a reply.

Won't happen, court can't invent an unconditional bid to buy RFC and no one else can - so D&P are safe until at least there is the first creditor's meeting which won't happen until CVA time.

Another failure in court. But the rumour above is spin and pure silly.

That appeared yesterday on another rumours site. But you have added some bling to the rumour.

It was a 40 minute slot today in court of session, no it was the High Court in London yesterday.........give us a break we're not biting

Just an Administrators progress report for the court. Routine, nothing more than that.

You can check on Scottish courts website
It dosent appear to be calling tomorrow

Utter nonsense, who raised the action its not D+P fault nobody is ready to buy the toxic waste that is Rangers , amazed at all the financial and legal experts on here

Please do not be offended but I do not believe this rumour.

More bloody lies

Rangers case - for tomorrow - but this is a procedural event for administrators - as following last fridays creditor meeting (by post) - they need to ask judge for guidance on matters

e.g. If a CVA agreed, if not were any CVA conditions agreed or rejected by creditors.....

etc etc etc

Not removal of d&P - but d&p getting guidance as to how to proceed - could be the official request for liquidation - but only if no CVA agreed, and no buyer and chance for a CVA....

This endorses the 'HMRC' rumour posted yeterday ... it was only a matter of time ....

Utter rubbish. If you had taken the time to check you would have discovered they are back in court with Ticketus. It is most probably to determine who pays for round one! The Judge may well ask about the direction of D&P but will not and cannot do as you suggest!

First creditors meeting was last friday!

please keep up.

Every dayon this board tends to boil down to either tommorow we die or tomorrow we are saved. It's laughable because every day passes and nothing really changes (with regard to the sale of Rangers, which has never looked like really happening from the start!).

There's a hour slot with Lord Hodge in the Court of Session tomorrow (its on the Court of session website). I'd have thought it was more likely to be regarding the unresolved situation over whether Ticketus have rights over the next 4 years season ticket income or not, which Lord Hodge previously said he'd insufficient info to make a decision on either in Rangers' favour or in favour of Ticketus.

The Court of Session case is to be heard in front of Lord Hodge for 1 hour under: Wednesday 25th April Lord Hodge Starred Motion 1 Hour : Petition: Rangers Plc Administration Order. www.scotcourts.gov.uk/rolls/supreme/lists/r120424_153.htm#starred

Lies you say? Don't think so, I've no axe to grind with Rangers. I'm an Alloa fan. The reason I know is that i work for BDO. And I will be involved, in a small part, tomorrow morning. Mark my words.

We await with baited breath.

Ticketus are moving a motion to Liquidate.
They want their debt confirmed as floating charge status and are looking for ownership of Murray Park.

Seeking clarity from the good judge on whether D&P can rip up the ticketus contract (on behalf of Miller).
Ticketus defending contract but seeking rights to liquidate as majority creditor if torn up.

That's what I heard.

Whatever way the cake gets cut in all of this shameful episode, Murray Park shall be sold off for Creditors. There's just no way MP could possibly be saved.

This is definately happening. Ticketus ARE moving to liquidate.

Murray park is worth next to nothing, if Ticketus want it for 24-27 million then take their hand off.

If you work for BDO you should be pitied

24 Apr 2012 13:40:17
Ed - An appeal has been launched to the SFA within the required three days but when will it be heard? {Ed001's Note - there is no set date, but it is expected to be heard as quickly as possible, probably next week.}

Ed, would UEFA have an issue with Rangers launching such an appeal? {Ed001's Note - only if they resort to the civil courts.}

It's appeal within 3 days from receipt of the written judgment which hasn't yet been issued yet.

The transfer embargo will be lifted, cash up front will be the revised penalty.

I don't really know what else the SFA could do after finding Rangers guilty.

What's the point in fining a team that is never going to pay the fine. A transfer embargo is pretty much the only other option they had. Would you have preferred another season or two euro ban, relegation or losing points next season?

Administrators possibly challenging whether the SFA punishment is lawful irrespective of any appeal outcome. Have written to SFA asking for fast track appeal.

Source: Radio Clyde

Administrators racking up more in fees and debt

My my how things change ! paranoia has hit the death star.... everybody's out to get us, they're kicking us while we're down, it's not fair etc etc etc - the sfa have not turned on you - they are just dishing out what would appear to be a fairly paltry punishment as a result of clear breaches of the rules ! and why should they "wait until we're in a better position" your masters put you in this position, but you were too busy doffing your caps to them to notice..... take your medicine peepil, your just making yourselves look more and more rediculous every day with your whinging and whining - the difference between us ? when it looked as if we were going under - we did something about it ! where are you ? what are you doing ?
waiting and whinging
welcome to reality my blue chums - it's a bitch aint it ?

Is there any possibility of an increased punishment if the appeal fails? If not, why not? They are guilty!

Not unusual for penalties to be lowered. That's why they seem so harsh at the start. Sometimes they can be increased. Anyway, be assured there will be some kind of penalty as the rules have been broken.

After appeal the fine will stay & the transfer embargo lifted.
The fine will be taken from runner up money at the end of the season. Just like they took the cash to pay Dundee U
for the scottish cup game.

Doffing your caps to them. Don't ever recall anyone doffing their cap to Craig Whyte and if you actually knew anything about the Rangers support you would know that many were suspicious of David Murray long before he sold the club. By all means have your wee gloat but at least have the intelligence to know what your talking about

Other fans should be careful what they wish for

To save time, D&P might as well put in their appeal now for next week's SPL sanctions as well.

Oh and why not also do the double contract appeal, BTC appeal and Comic Relief appeal whilst they're at it.

More money and time wasted, take it on the chin and move on with saving the club!

I don't see any rules being broken under CWs term, he has done nothing illegal, and Rangers have been already penalised for the consequence of administration.
The transer embargo seems like a double penalty for being in administration.

The SFA could have treated us in the same way as Motherwell, Dundee etc they entered administration and only received a points penalty. We have been deducted 10 points fined and have an additional transfer embargo. SPL are trying to change the rules also which will mean more sanctions where does it end.
Daz

Craig Whyte was certainly recieved with a hero's welcome but who can blame the Rangers fans when the newspapers hailed him as the "billionaire saviour" with "wealth off the radar" (Keith Jackson Daily Record).

Unfortunately for the average Rangers fan the truth was out there with RangersTaxCase etc but the Glasgow media shot it all down as internet bampots and conspiricy theories. No wonder Rangers fans were convinced it was all Timmy conspiricies when the papers and radio shows were feeding them succulent lamb stories.

I am disappointed in the Rangers fans though. When Celtic needed the fans to step up and hand over the cash the club needed they did so twice for millions of pounds but the RFFF hasnt even managed a million.

Rangers got off likely, the punishment for breach of Rule 14 and 66 is membership termination, that's a fact

Dont be stupid and appeal, after the bile from the RST the SFA might grow a pair and demote you(the normal punishment for a fraction of Rangers offences)

The club with no money appeal to sign players when they will lose the players they have.

This comedy keeps on giving, Channel 4, Father Billy

An appeal will result in a more appropriate set of penalties befitting the crimes, watch this space. Once the dust settles after this morning after the SFA will realize how unacceptable the Rangers reaction has been.

24 Apr 2012 11:52:58
STV online reporting private interview with Whyte.
He says he should have put club into Administration 4 months earlier in October 2011. Also saying PAYE and VAT not paid because £4million frozen in courts by old board.

Not true, most of the �4m was frozen by tax man.

TRUE. This is being reported on STV and is being picked up by the other news feeds bigtime.

Not because he's syphoned it off to his off shore account and has blown it in Monaco then?

Oh yeah lets beleave that non-blinker now. GTF! SFA should have hit him harder and left the club alone. But who ever said that the SFA were a smart group.

It is my understanding that, the Company is responsible for the corporate actions and or inactions of their directors. Following, given the small fine by the SFA vis -a - vis Company turnover the Company have got off with a slap on the wrist. Moreover, we have been told from many quarters over many weeks that Rangers FC would have to play a team of youngsters next season; consequently the punishment of a 12 month transfer ban seems an irrelevance. Particularly, when we consider that most Scottish Clubs can't strengthen their teams every season none more so than those who are owed money by Rangers FC. Can anyone please tell me why the footballing community should sympathise with an organisation who showlittle or no compassion for others who are placed in near precarious positions by them. From any reasonable perspective they have thus far got of very lightly indeed!

No disagreeing with whether OP is true, just the garbage that Whyte is spouting out as usual int he quotes.

Y r people even bothering this man ? as no 1 in there right mind would believe a word that comes out of his mouth.

The transfer embargo regarding signing new players seems counter productive to me and will be overturned. Rangers will need to replace the exodus of high wage earners in the summer and the SFA is preventing other Scottish clubs from benefiting by imposing trade sanctions on one of its two biggest customers. They should make the ban outwith Scottish clubs and insist they must pay up front, then everyone wins. {Ed001's Note - with what money are Rangers going to buy players???}

I believe him, he was the only person willing to gamble his reputation on Rangers and he lost. Once Rangers exited Europe, administration was a certainty, nobody in their right mnd was going to put in 10 million of their own money knowing what was coming round the corner( BTC). He had prepared for this eventuality and structured the debt to make liquidation unlikely, I still believe this to be the case.

NW.

BTC, BTC, BTC On and on you'se go about the terrible BTC, but the facts are even without that hanging over your head you were up to your necks in Debts, The BTC has been admitted only the penalty has to be decided, But there is still Millions owed elsewhere from the paper boy, to the electricity board. The big tax case is serious and the anchor that pulls you down history and all, but in reality even if that had been won and sorted your team were still in big big financial trouble. No matter what you had to take the consequence's of over spending in the past 10 years at some point.
Tango.

Lets for a minute presume hes tellin the truth thats 4m that was frozen. wasn't the bill for 9m? ya lying little toad wheres the other 5m then?

This is old news, April 2011 David Murray was warned that Rangers would run out of money oct/nov of 2011 and would need to go into administration around that time.

I would just like to point out in defence of CW that Rangers under SDM would have been liquidated in October 2011. He could not borrow any money and the way he had structured the debt made liquidation a more attractive return to the ordinary creditors. CW came in and changed the debt structure to make liquidation less attractive to the ordinary creditors( HMRC). He knew he was gambling( 10 million) on Rangers getting into CL group stages but planned an exit strategy if they failed, and they failed big time in all cup competitions.

Under SDM the bank was the main secured creditor( 18 million) and CW made it Ticketus ( 30 million). He made sure liquidation was not a financial option as the the security cancelled out the market value of the assets. Under SDM this was not the case, Rangers would have been liquidated in a blink of an eye.

He shafted HMRC to save Rangers history, one day you may thank him.

NW.

Ed,

I am assuming the new owner will have some funds, although I believe TBKs plan is to reimburse the players, get their contracts back and sell them in the summer.
Considering the average price-wages of a SPL player outwith the OF, they do not need fortunes to replace the 5-6 that will leave. {Ed001's Note - if they have funds, they would be used paying off creditors!}

Ed,

The funds they will have are not part of the bid or the CVA, they will invest post CVA when all debts are null and void. When TBKs offer 11.5 million to the CVA, thats all the creditors get, any investment after is irrelevant as is any selling of assets including players.

Nobody minds investing in a debt free business. {Ed001's Note - ok mate, if you think someone is going to want to invest millions in Scottish football, well there is no hope for you! There is no return on investment, that is why the club is in this mess in the first place.}

Bidders for a company in administration do not like throwing away money to pay old creditors in a CVA. They want to buy a debt free company as cheaply as possible and use their money to generate future profits. Once the creditors accept 11.5 million then any new owner can invest anthing he wants, nothing to do with the old creditors, they are history.

If you get Rangers operating costs down to break even on the domestic season, then any European success is pure profit.
10 million is a nice return for any investor.

Rangers problem was their break even operating costs depended on CL group stages, when they failed they lost 10 milion.

Only if creditors accept cva,

Ed, I am talking about investing in essentials, like football players, except this time players Rangers can afford to pay. Not every owner invests stupidly just the one who used to own Rangers. {Ed001's Note - and any owner will want to spend as little as possible, whether it be on players or anything else.}

Ed,

There is hope for me, I never suggested anyone invests arbitrary millions into Rangers, but they do need 11 men on the park to trade. The SFA penalty prevents Rangers from replacing unaffordable players with affordable players. {Ed001's Note - no it does not. It stops them replacing them with more unaffordable players though.}

Ed,

Good management prevents owners from buying unaffordable players, not SFA sanctions. I suspect any new owner of Rangers will err on the side of caution, the glory days are over. I still think the SFA ban was unecessarily harsh on any new owner and risks liquidation. {Ed001's Note - good management? Like that shown by Ally bringing in players even though the situation was desperate? Buying a player that he then never put in the side! You can't rely on good management, managers want better players all the time.}

Ed,

You quote examples of bad mamagement as an argument against good management ?
There is no argument against good management, and there is no substitute for it. The SFA sanctions prevent good management and are not a fair substitute.

There is no greater critic of Rangers management than me, but we can not create obstacles that restrict good management as a penalty for bad management. {Ed001's Note - no, what I was saying is that every manager, even under the strictest regime, will want to spend money. Now you can't anyway, it lifts that and the manager can concentrate on coaching the players he has and improving them. It might actually help. But, either way, it will help the club to get back on its feet financially, surely that is the priority now?}

Told you all about this last night. Craig whyte was to hold a press conference in an undisclosed location. Maybe wasn't so much a conference but my source was right.

24 Apr 2012 10:54:36
Talk is that the lafferty bust up is
rubbish. He is on 99 appearances and if he plays 1 more game rangers have to pay
burnley an extra £500k.

He's played more than 100 times already

Rangers playing true to form then!

Yip probably just another lie.
So they sell him (Asset sell off) to keep going (pay salaries) and do Burnley out of 500k.

137 appearances

If this is true then many will suggest this is another example of the underhandedness of Rangers FC and that they deserve no sympathy whatsoever for the SFA recent decisions to fine and prevent any further player signings for 12 months!

Of course 'underhanded' (no-name)

you may not have noticed we are fighting for our existence as you lot keep reminding us

you can't have it both ways
although you probably do!

bill72

RFC website confirms the suspension and bust up. also how many appearances he's ACTUALLY made.

Yes, but only 99 appearances in the SPL. All others were in cup competitions.
Contract for the additional �500k to Burnley was for 100 League appearances. So, play him and pay up !!!!!!!!!

104 in SPL, 10 L/Cup, 9 S/Cup, 14 Europe according to official stats. Contract trigger is nonsense.

Why not play him, whats another �500,000 to the mountain of debt. Were not going to pay it anyway.

He has made 104 league apperances for Rangers in four seasons.

If this was true then Burnley would be on Rangers list of creditors.

GovanFR

Has ally lost the plot hes a player i would be trying to keep

Looks like lafferty does walking away

No they wouldn't as Burnley would only be a potential creditor. Rangers have the final say on whether he plays or not so it would be them inflicting the extra payment onto themselves. Not like the potential tax case, which they have no control over.

New debts after admin - MUST be paid - or liquidation occurs.

They dont add to debt mountain - this is what administration is about protecting company from its creditors for a while - as otherwise the creditors would lynch the company and take down ibrox one brick at a time.

The money is probably due on 100 league starts and lafferty is on 99 I believe. {Ed001's Note - it would surely be appearances rather than starts?}

Get rid of him, always injured....and a bit of a liability.

If its nothing to do with his appearances then McCoist should have let the big guy get his operations why did he prevent his surgery when Steven Davis went for his??

Have heard that laffs is atarget for wolves,who they see as a replacent for fletcher,also s davis again to targeted by a villa with everton also very keen after getting jelly for abargain,aluko has anice offer from spain.edu to qpr.

Good riddance, he was a waste of money anyway. Another over priced Walter Smith dud. Signings like him put us in this mess

24 Apr 2012 06:54:40
Whyte has threatened to block any deal to sell Gers unless he kept 25 per cent of the shares, got a representative on the board and was handed directors’ box seats for life.

Source: Sun

Whyte doesn't do walking away either.

If true, he's really taking the p1ss.

Maybe takin the p***

but he holds all the cards FFS!

bill72

He's threatened a lot of things. None of which he has ever followed through with. The man is a complete disgrace and the sooner Rangers are rid of him the better!

Is there anyway of finding out where whyte is holding this secret meeting with the scottish press and show him face to face what he has done to our club doug

For goodness sake just give Whyte what he wants. He has played a blinder since his takeover, he deserves every penny he gets.

Here's to HMRC's inside man, Mr Craig Whyte.

I hear he was after a troupe of dancing girls too. Oh and a pet gibbon, and Elvis to play a farewell concert for him in his Monaco apartment.

'the sooner Rangers are rid of him the better' he is Rangers!

HE holds no cards what so ever Ticketus have a �30 million pound trump card over him let him spout his pish but got to say one thing if we could cash in his brassneck that would be some of the debt back

The Directors seats are for him and his guest, the noble Sir David Murray to take of an afternoon, in their blazers and club ties, in their old age, to peruse a cup final or so and bask in the adulation of 48,000 grateful fans.

Whyte is Ticketus. hell! Wake up! This is a clever scheme to Seperate ibrox from the debt ridden club. The "floating charge" on the assets. Ticketus get a lovely stadium to rent back to new rangers , either for life or for �50 million further down the line. Well worth �18 million to lloyds and �1 to Murray!

Its about time you gers fans stopped pointing you're fingers at Whyte and started looking at the man who put you guys in the farce in the first place... step forward Sir David (Walter Mitty) Murray..

Well if you think he holds all the cards then perhaps you should take note that there is no prize money left in the kitty (running with the metaphor).

Whyte is the owner of Rangers like it or not its is fact he can ask for whatever he wants.

He will be happy enough with the 30 mil payoff.
Its all about the money.

Whyte can not ask for anything he wants for his shares under a CVA, his price is curtailed by liquidation where he gets nothing. Whyte will price his shares depending on how much Ticketus loses in any new deal, he is liable for these losses and will threaten liqudation if this amount is not paid in full. He is not going to make any money but is making sure he is not losing any money. If TBKs get the same deal with Ticketus then he will sell his shares for a pound.

Surely he's entitled to some tickets in the celtic directors box for all that he has done?

24 Apr 2012 01:58:41
BBC and BBC Alba set to have "provisional, exploratory talks" with SPL and SFA vith a view to securing a deal to show "Top flight Scottish football.

Nothing on BBC websites.

Will they offer �80 mill over 5 years more like �800k well done SFA with SKY walking and Rangers boycott has just killed 4 innocent clubs

That would bring a pittance to the game no sky or espn deal no money simples

This is really bonkers from all sides

there were at least 2 clubs this year (not rangers), who because they didn't get gate money from ONE GAME, were on the ropes

is the spl/sfa really wanting to go down this road
& btw - -good luck to the dark side with their 99 in a row -no competition

That's why they're doing it though. Believed that the BBC will offer a package not based on exclusive rights. Package will include Edinburgh Derbies, Aberdeen v Dundee Utd and Rocc County vs ICT for definate. BBc insiders say BBC want to retain the best of what; left. No mention of money though.

No mate Glasgow Rangers just killed 4 innocent clubs ..... Always the victims

The BBC can't afford it they have had to get rid some programmes because of the money situation in the UK.

SPL without Rangers. Ofcourse the BBC can afford that it will not cost much without any old firm derbies.

It's believed the amount isn't that much. They are believed to be focusing more on remaining attractive fixtures. Talks will not cover too many Celtic matches as BBC believe that would be too much.

24 Apr 2012 01:10:23
Rumours from Ibrox are that Ally is set to resign if Rangers fall into liduidation this week, possible Wednesday. Courts to issue ruling on BTC early Tuesday thus gaving an affect meaning that no bidders offer would be suffice.

Disagree, Ally will switch lights out, not before.

Don't be stupid...yous don't do walking away...right?

Wouldnt blame the man this is the worst time to be the gaffer in our history sports wise

No one will put up 500k non refundable until BTC result published.

It's funny. Even after reading all of these silly atacks on Ally. He still is ten times better than the Lemmon. Go ahead keep pointing away from your sad excuse for a team. WATP!

Yeah fat sally is ace. Knocked out of Europe by two diddy teams, blew a 15 point lead, knocked out of cups in Scotland by diddy teams oh yeah pure dead brilliant. Give me peace ya person worst mánager in your dishonest history

Ally mcoist will turn out to be one of the best rangers managers some people eastwards will be pure greeting and beelin

In ally we trust

If they liquidate then there is nothing to walk away from so he will have done his best, and you can't ask for more than that. Newco will have so many restrictions it will be hard to do business.

If its liquidation he'll be sacked immediately.
No need to resign.
An overhead expense gratefully offloaded.
Actually Ally an his management team not required next season for teenage team.
Can't afford his �1m salary anyway.

Liquidation means he has no contract anyway. Ally will be the next Wolves manager unless things turn out for the better this week.

From a Celtic man,please please please keep wee Sally,he is gash,any other manager in any other year with his results would have been bombed out

B. miller plan makes HMRC irrelevant canny pursue a newco for oldco debts

Aye Sally is much better than Lennon. Sally pumped out of all competitions and comes second in the league. Whereas Lennon wins the league.
Oh but wait, this years title is tainted is it not? No it's not, if you look up tainted in the dictionary you will see that it means to gain advantage by use of means underhand, to cheat to gain advantage. As far as I can see Celtic have not cheated this season so the title is not tainted. Now Rangers on the other hand..........

He should walk away now.....Scot-free.
He blew a 15 poit lead in the SPL, got smashed out of all cup competition and all this even before administaration started on Feb 14th. His record is nothing short of diabolicle.
All he is is a goodie goodie attention & publicity seeker.
His time is well and truly up, as is RFC !

Re the MUPPET who mentioned Lemmon!
What planet r u on??
Get a life and look at the bigger picture here.
Our sad excuse for a team won the league by a country mile.
DEAL with it.
You got your season ticket for next season yet?

Of course Ally was out of all competitions before Admin, that's what finally caused the admin!

He'll be okay they always need a good pundit or he could do those Debt Free in 3 years adverts that would be a laugh.

Why are there so many celtic meat heads on the rangers page? You'll have nothing to do if we go bust maybe you'll have more time to see what a disgraceful manager lennon is! Cheated never defeated! Where yous not knocked out of two cups aswell? and you only won the title because the strain from the clubs financial situation started to show on the park ( and naismith getting injured didnt help) old firm games - 4-2 then 0-1 then 3-2 In Ally we trust! rangers will be back bigger and stronger!

GOOD! .

Its fair to say that mcoist has been fortunate to have the administration as an excuse for his poor management. simply compare hi results with walter smith's. only reason he has job is because gers have no money & he can always call walter. his best chance of winning things is if gers start in div 3.

To op 4-2 0-1 3-2 1-6

24 Apr 2012 00:31:04
Crfaig Whyte to hold press conference tomorrow at an undisclosed location due to safety fears. Keys players in the scottish sports press have been invited. Whyte believed to be about to make clear his legal position in the matter.

Legally he still owns 85 percent of the shares

Green Zone, Baghdad, Parkhead, Glasgow G32

His position is obvious.

If a bidder includes all Ticketus money then he sells shares for a �1, if there is a shortfall then he will sell his shares for the shortfall. He has guaranteed the money to Ticketus and has a floating charge over the assets to make sure he does not lose or make any money.

Heard a rumour he's been offered a week on Question of Sport.

Campbell Ogilvie ( who has Campbell as a Christian name?) offering him consultant role to SFA.

The mighty Whitey could not give 2F's what fines the SFA impose on him. As far as he is concerned they are a stupid wee committee of hasbeens and wanabees.This guy has taken on and beaten the might of the tax and VAT men on more than one occasion. the SFA will get SFA fae whitey. And something else tae stick in your Pipe.The guy has proved beyond doubt, That the �9m or so he collected in PAYE he used to pay Rangers bills. he has not stolen it, he has not mismanaged it.he used it to stave off creditors and pay wages. Sir David got yeas into this mess,Whitey was only hired as a hit man tae kill off the mighty millions of pounds of debt, He will take his pay now and move on to his next Kill.It's nothing personal it is only business.
Tango.

If he digs his heels in then D&P could still sell the assets to a newco, pay off the debts (as much as possible), and he'll be a shareholder of company with nothing in the bank.

23 Apr 2012 23:47:13
How can they stop us buying or selling as this is against the european law for the right to free movement in the workplace

It's commonly known as a punishment for cheating......

Eh, what about the football clubs you didnt pay for the games played who have to pay their bills as they properlymdo, including PAYE or the income you will get from selling players you didnt pay for in the first place. Get a grip!!

Rules are rules we have to accept rules even if they go against us dark day for rangers fc never thought i would see this great club humiliated

Did Chelsea not have the same thing, watch the appeal go in and it being reduced.

You can buy who you like and pay them wages but they won't get licenses to play in Scottish football. Even free transfers.
Nobody will now pay to watch this tripe, even on TV.
SKY Executives will not pay for this teenage Rangers product next year. SKY money peanuts to SPL anyway. Rangers now leaving SPL will
Make no commercial difference.

Time to move to england i think we would do better down south

They are perfectly entitled to stop players being registered. Although knowing what Rangers are like they will probably buy them and play them anyway as rules are for lesser clubs.

Question Ed, can UEFA fine us on top for any European players we havne't paid for or is it covered by SFA? {Ed001's Note - they would only act if the SFA didn't, or if Rangers tried to pursue an appeal through the courts. FIFA and UEFA hate clubs resorting to court action.}

Cant take legal action this would cost too much

Sounds like more bad news to come from UEFA on top of any insolvency ban.

Time to move to England, what are you doing buying a house down there? It certainly won't be to play football.

Apart from being insolvent the manchester riot set that particular cause back about ten years if not more!

Money talks a large rangers support heading south every two weeks not just rangers but celtic too would be great and something new epl would go for it

The OP really is ridiculous stuff. A high Court Law Lord ( Nimmo Smith) doing the investigation and weeks of the committee looking at the regulations and their powers including SFA Lawyers and this guy says its not legal... They can nae dae it! Keep off the boards mate with yir daft ideas.

Stoap getting your Knickers in a twist, What a result yeas have got. the fines will get lumped in with all the other debt yeas will not pay, yeas hivnae got any money tae buy any players next yearanyway, but now yeas have a better excuse, yea don't have tae admit your skint you can blame the embargo, If the SFA made and sold rock it would say
"RANGERS TILL WE DIE" through the middle
The Candy Man.

Yip English football wants another financially troubled club , grow up we need to take our punishment for what whyte and Murray have done to us, as for appeal and the courts Sion tried that and UEFA threaten to ban all Swiss teams so it sing gonna happen. It's the Blue Knights or nothing

I am getting fed up with rangers supporters groups and media people like james traynor and Duff and Duffer who keep hammering the matra " it was CW and not rangers who did this , not us ( meaning rangers ) For the purposes of legal proberty , CW IS rangers - he is the majority shareholder. Rangers is not one big happy family with equal shares in what s to happen . The fans are totally irrelevant in all this . From a legal stand point , the fans own nothing. IT IS CRAIG WHYTE THAT OWNS ALL . When are rangers fans going to get this through their thick skulls ! ranger were doomed from day one

It is the punishment for failure to pay tax bills ! engerland dont want cheats either ! try the welsh league lmao

James Traynor has written an article in the press stating he thinks Rangers should go to Div3 next season.
That's a worse penalty than what the SFA has just given or what the SPL may award.
Disagree with above poster.

So let's be clear on this. This does not break any human rights laws....those are their to protect the individual not the club.

so fundamentally, if rangers need to shift on individuals they would cancel their contract, and, effectively they become free agents and then free to negotiate with any other clubs.

If rangers go into liquidation, then application to the scottish league in Division 3 is the only option open to them.

The fact is that Scottish football needs rangers and vice versa, so largely cannot see this happening even with a newco.

However, what this does allow is for some of the remainder of the scottish clubs to benefit by the undoubted problems that rangers will have over the next couple of seasons.

in my opinion there is no way that Rangers will finish in the top two for the next couple of seasons, therefore opening up European football to a greater number of scottish clubs and consequently a greater share of european tv money.

Rangers are part of an association with rules. they have broken the rules. they can leave the association but eufa rules prevent them from playing anywhere else but scotland. so they must remain part of the association they are in and pay for the rule breaking or die.

I dont think this will stop the club being sold . The New buyers will prob be ok with it cause it gives them the excuse not to spend money on the team and could leave more money to cva

"Money talks a large rangers support heading south every two weeks not just rangers but celtic too would be great and something new epl would go for it"

money does talk & it comes from sky tv, gate receipts (especially from the small allocation to away fans) completely irrelevant in finical terms. wake up.

Rangers and celtic in the epl would draw in the cash great idea im all for it