Rangers Rumours Archive May 04 2012

04 May 2012 16:51:30
Just announced on Sky - Papac is off

Great servant. Good luck sasa.

First of a few I reckon. You cant blame them

Look I told you lot to put the lid back on him !! jeez o can you guys not get anything right?

Evinguu

BBC
Bosnian defender Sasa Papac to leave Rangers in summer
04 May 12 16:17 GMT

Bosnian defender Sasa Papac will leave Rangers at the end of the season after six years at Ibrox.
Papac, 32, was signed by Paul Le Guen from Austria Vienna where he had played as a centre-back but it is at left-back that he has performed for Rangers.
He told the club website that he will leave to allow a younger player "to contribute to new successes at the club with passion and zest".

Thats been on the cards since the start of the season, hes 32, past his best. Was a good player for us though so wish him well.

Great man and an ever reliable player.

Good luck Sasa, hopefully he can get one big pay deal elsewhere!

We can't blame the guy, he's got to think of his retirement fund and he'd be a mug not to try and get a nice signing on fee and bigger wages somewhere else at the age of 32. Good luck to him, but we'll miss him.

Thanks for ur loyalty and service to the club all the best sasa

So the walking away has started lol

Great servant will do good else were goody89

Your off your head mate past it a dont think so hes been ranger s most consistant player for past 3 years and thats a celtic fan telling you past it h aye rite

First of many

That will be somebody under 18 then, boom boom.

All the best Sasa after 3 spl titles - 2 Scottish Cups and 2 League Cups you have been a great servant to the club.

Gers1986

All the best papac an if timothy cant say anything decent would be better to just .....SHUT UP!!

Celtic fan in peace would just like to say would have had sasa papac at celtic any day of the week great player and dont forget most consistant player at ibrox so good luck to the guy

04 May 2012 00:13:50
Tbk messed us about for long enough. Nothing more than a distraction. Sick of Paul Murray whining. At least the yank has put up and actually has a plan to get something done to get us back on an even keel for next year. His press release sounds promising to me. More power to his elbow. We're due a break. Hopefully he comes to Scotland shortly and allays any misgivings some have.

What's he all about?
He's never been to UK before never mind Scotland.

Craig whyte ..part 2 the new leader

Its better than liquidation
but its not going to be the Rangers we all know. Fans are fickle and their patience will be tested. Be ready for the lowest attendances ever at Ibrox

I agree. TBK have had enough discussions with the administrators and must have known exactly what it would take to become preferred bidders yet they didn't do it. I think if they'd even been close to BM's bid then TBK would have got preferred bidding. Maybe they think that BM's bid will collapse and then they will be the only show in town!

Will be at ythe game at the weekend.
You would think if he has parted with 11Mill then he would make an effort to attend the game.
You can get flights regularly to the UK from USA

Good luck Bill Miller, push through the deal, and I for one will be right behind you!

Paul Murray, TBK and Brian Kennedy have stated they would never do this Newco thing. They believe it's loss of history.
Business professionals believe its a loss of history.
UEFA believe it's a loss of continuity and therefore a loss of history.
The Public know it's a loss of history.
D&P have stated that a CVA is impossible now. Only liquidation remains (creditors being forced a solution they have not agreed to).

No low attendances....rangers will win transfer embargo appeal and ally will sign players IMO..give this guy Miller a chance

Good article in the Herald today trying to explain this whole mess . The upshot is if CW doesn`t agree to pass over his shares , the result will be no CVA. This means all BM`s cunning plans about " incubator 2 company goes down the Swanny.

Lower than in the 80's?

Lowest attendances ever. Mate your having a laugh ! I bet 45,000 shuffle through the turnstiles every week next year. We're bluenoses and that's a passion beyond just supporting a team that wins titles and trophies.

On mr miller I'm sorry the guy has thrown down the gauntlet and taken the reins of a club overflowing with debts. Hats off to the man for saving us when our future looked awful bleak. At least now there is a glimmer of hope.

Seems he has never attended a match before and does not have a passport to go anywhere! Too much moonshine perhaps!

According to the journalist Alex Thomson he doesnt have a passport and has never seen a football game in his life

Glimmer being the apropriate word!

For the life of me I cant understand you rangers fans, don’t you ever learn? This guy could be the difference between liquidation and a newco and extinction. A yank who knows nothing about football buys a club with 130m in debt for 11m.. Cant any of you count? I know you must be desperate but this is CW mark 2 end of. D&P with the help of the MSM will feed you anything at this stage and its now clear the former cant wait to get the hell out of ibrox. This does nothing whatsoever to resolve the problems you had 2 days ago. Remember CW 85%, HMRC, Ticketus...eh hello!

It is only a loss of history if a CVA is not agreed with Rangers PLC and it is liquidated.

creating a newco and transferring over the assets is not a loss of history if the oldco can be merged back later.

Leeds Utd were reborn via a newco and according to the Football League and UEFA there is no break in their history

and that is FACT!

D&P have stated that its now impossible for a cva?
That's the same D&P that have been feeding us garbage and contradicting themsleves?
Why do most of the people on here listen and rely on what's 'written' in the press when a lot of it is just filling the pages to sell
True its hard times ahead and we must at least show some faith in the new owner or else were as good as giving up and i shall not...the best part about this is if a cva is decided upon then craig whyte hasen't a leg to stand upon,he becomes a creditor..an unsecure creditor at that and as it stands just now he hasent any power to dictate payout for himself,his shares are controlled by the administrator's...fact!
GazMac84 W.A.T.P

I tell you what, I'm sick to death of all this "it's not Craig Whyte's fault". It IS Craig Whyte's fault, without him none of this would have happened. None of it. As SJ said he raped Rasngers. Never a truer word spoken.

I wouldn't start doing cartwheels just yet, my prediction is Miller will NOT buy Rangers, firstly, he hasn't got the cash, secondly, Craig Whyte, thirdly, if he thinks the SFA & SPL will agree to his proposals he is most certainly living on a different planet.

I should add there will be NO CVA, there are many more twists and turns to come and i'm afraid to say, none are good..

That's great as long as you understand the consequences of the route BM wants to take;

1. No European football for 4 years, when newCo joins league there will be a 3 year ban, if(when) oldCo rejoins the league another 3 year ban.

2. 10M per year reduction in overheads.

I appreciate there is now no possibility of a straightforward CVA being completed in time.

Why did D&P state CW was an irrelevance and then cite the fact BM does not have to get his approval as a reason for choosing BM?

Why didn't they begin court proceedings to acquire CW shareholding the day they walked through the door?

Better this than no club.

What is it with all these so called experts on here about BM. Do you know him personally.... No you dont! He is a multi millionaire who knows what he is doing thats why he has got money and your sat in your filthy little bedsit in the east end drawing your dole money.

Did HMRC agree to a CVA at Leeds to enable a merger to take place ?

It seems to be the elephant is still in the room, even if you go into another room. Rangers history is dependant on HMRC-Ticketus agreeing to a CVA in the oldco.

To the op about leeds utd,they had to change there badge FACT!

Lots of rangers fans in the east end , last time i looked bridgeton was in the east end

Low attendance, never happen...excuse me but why there several thousand empty season ticket holders seats on Wednesday....think the hectors have already started walking...before anyone says the crowd was 43,000......that includes seats sold to season ticket holders who DID NOT ATTEND.....they are counted even if the don't attend the same as at Paradise.

If Chelsea can buy and bulldoze famous British landmark and listed building, Battersea power station and if the famous entrance to Wembley twin towers listed building was bulldozed then there's no obstacle to Ibrox going the same way.
One small facade on Ibrox is listed grade C, a grade b school was torn down in my town last summer.

What is it with all these so called experts on here about BM. Do you know him personally.... No you dont! He is a multi millionaire who knows what he is doing thats why he has got money and your sat in your filthy little bedsit in the east end drawing your dole money.

IN REPLY TO THIS POST.

Bill hasn't got the money you think he got, he's been selling off shares for years, he's at Rangers for one thing only, make a quick buck and get to f**k, like with Whyte, you're heads in the sand again..

It's a CVA or it's Liquidation one or other.
No CVA is possible.

This hybrid thing is an illegal switch to put company assets beyond creditors. It's illegal and will never be allowed.

Miller will be told the switcheroo is illegal in 2 weeks. He'll say he doesn't have a plan B and walk.
Cue full liquidation.

Has that £500000 changed hands?

Surely Duff and Phelps would know if it was legal or not or is this another time wasting exercise?

Can all the doubters go back and doubt on your own site - there's a doubt - in going on - you're missing it

What is it with all these so called experts on here about BM. Do you know him personally.... No you dont! He is a multi millionaire who knows what he is doing thats why he has got money and your sat in your filthy little bedsit in the east end drawing your dole money.

Dear oh deary me. Like i said do you lot never learn?

Don't all you bears just love the fact, that septic fans seem to be more interested in the wellbeing of our club as they seem to be trolling ALL or websites and forums. sum it up in one word "INFACTUATED".....lol.

D&P are careful of their wording...
'in their opinion.....'
D&P laid out the 5 admin legal exit strategies for Rangers in their report. This Newco hybrid liquidation was not one of them.
They might ask Lord Hosge for guidance as to legality, I'm pretty confident he'll consider it for a week source precedents/ references and say NO cannot do!

Leeds utd went into administration in 2007 and they changed there badge 10 times in there history,,,last badge change was in 1999 to the rose and ball shield that is still in use to this day,,,,,and is on the homepage of the official leeds utd website,,,,,so leeds didnt have to change as you have described also to the guy 5 up,,,,,wembley twin towers were demolished because they were and i quote,,to flimsy to withstand demolision around them and be preserved

It's actually a strategy of being very open and honest about putting assets beyond creditors and hoping nobody will bother because you're not being furtive about it.
But it's exactly that! And it's naughty and not allowed chaps.
For me, miller, Ellis, Whyte and D&P are goldfish in the same bowl.

Also to continue my post above
check leeds utd website
club history
looks not bad to me for a club that have history
maybe they own a delorean

Ticketus are now owed £27m they will never walk away for £3m and allow Rangers to play at AyeBroke.
They will never allow the switch of Assets and will have an hour with Lord H to stop it.
Wake up wake up.

" This hybrid thing is an illegal switch to put company assets beyond creditors. It's illegal and will never be allowed. "

A perfectly legal and standard procedure that has been used dozens of times a year in UK for a long time ....Google is your friend .

It is not D&P's job to vet who buys the club or the legalities of what they plan to do once they part with their cash. Their job is only to get as much for the creditors as is possible FULL STOP.

It's not a transfer of assets. D&P will "sell" the assets and this will be distributed to creditors - that's how they believe in theory they can avoid the accusation of transferring assets out of the reach of creditors. Issue is they then have to get HMRC and Ticketus to agree to a CVA with a company that has no assets!

The switcheroo is not illegal, why would it be illegal?

The problem TBK have with it, is the fact that the 'history' part is entirely up to CW and pretty much relies on a certain amount of goodwill on his part. It should not make any financial difference to him either way, but he may not be minded to cooperate.

TBK's route was more inclusive, rather than here's the deal, sign it CW - which is what we are going to get now.

Miller is keeping the seat warm. When the dust settles and things are clearer. Cw will be back.

" What is it with all these so called experts on here about BM. Do you know him personally"

You don't need to know him personally , there is enough info available online...

Minus physical assets , he's worth about 4m dollars in cash .
He has never been to a soccerball match
He doesn't own a passport
..... and he's bidding for the ASSETS ie stadium and training complex . He then transfers them to his ownership , leaving nothing of value for the creditors . LIQUIDATION ensues and all players contracts are anulled , leaving a wage bill of zero and then offers a load of under18's contracts .

Thats his plan , however , it is common knowledge in the Glasgow legal fraternity that Hector selected the "liquidators-in-waiting " , over a week ago. Goodnight Dodo FC .

Don't believe any of this ? Google it ! Go on

jimi88

It's not illegal to SELL the assets to a third party (Newco). This is within D&P's powers in theory. If it wasn't then they wouldnt have gone along with Miller as a preferred bidder. This is why D&P have always said that CW is irrelevant and Miller hasn't bothered to even speak to CW - it was the plan all along to leave CW with shareholding in a toxic/debt shell once the assets had been sold on.

Above correct, Miller is a name to clean it up before Mighty Whytey comes back in Whyte robes and a halo?

Halo halo! We r......lol

Bill Miller has pledged to buy the assets of rangers. The money from the sale will go into the pot to pay of creditors along with the money that they are trying to recoup from Whyte's crowd. It is perfectly legal for a company - new or not - to buy the assets of a company for sale. No idea why anyone would think otherwise! Also perfectly legal for a company - again whether it's new or not - to merge with the company it bought the assets from at a later date. Whether the history is preserved depends on the rangers plc getting a CVA. Simple. As to people moaning about creditors not getting their money back...I am one...and I am covered by insurance as should the rest be. Also simple.
The club should definitely get punished though. Even if it's just because the directors abused the EBT scheme when the other clubs in SPL didn't.

I find it interesting bm hasn't spoke to cw. Or cw has remained tight lipped since pref bidder announced. Is it cos its all part of his masterplan? Hell walk back into a debt free rangers in a couple of years.

Please go and read about your saviour BMW on the STV website...... Don't know about him? One of his companies failed to submit their accounts last year and are being liquidated right now! Debate finished.

I don't believe he is an asset stripper, to be honest he paid the market price for the assets( 20 million)and they are not going to double overnight.

Maybe in 5 years he will sell a profitable, debt free Rangers for 40 million and double his money.


I have a funny feling that like Celtic fans with Fergus, he will be hated by the Rangers fans, the team will be dross and cheap.

Since the oldco is in administration then should the newco be penalized as if they were in administration ?

If not, then whats the point of penalizing clubs for being in administration ?

What liquidated right now? On this very Friday night? Whilst corrie is on? Thanks for letting us know that Mr duff. I mean Phelps.

"To the op about leeds utd,they had to change there badge FACT!"

Celtic changed both their name AND badge, in 1994, whats your point caller?

You can change ya name an badge many times as you like its the company number that holds the key to everything

Leeds have had the same badge since 1999,,,so they didnt get forced to changed because the were a newco(FACT)

What is it with all these so called experts on here about BM. Do you know him personally.... No you dont! He is a multi millionaire who knows what he is doing thats why he has got money and your sat in your filthy little bedsit in the east end drawing your dole money.

IN REPLY TO THIS POST.

Bill hasn't got the money you think he got, he's been selling off shares for years, he's at Rangers for one thing only, make a quick buck and get to f**k, like with Whyte, you're heads in the sand again..


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IN REPLY TO THIS BULL....

I totally forgot that all timothys have unrestricted access to BM's bank account and all his financial ongoings. Wake up and smell the coffee timothy, the futures bright the futures orange.... Its Miller time..... FACT!!!!