Rangers Rumours 12421

09 Apr 2012 21:26:30
Lets get serious, we are told by D&P that we will be out of admin by the end of the season, its rumoured (only rumours) the big tax case will be settled by then, is that including any appeal on both sides? What are the concequences if we don't get out of admin? is it starting in spl with a deduction or further down the leagues?

It is likely that you will exit administration , probably by liquidation and newco purchasing the assets.

But the likely consequences of not exiting administration at or near the end of the season (or soon after) is that the money runs our and your club ceases to exist.
You would be relying on the 'good will' of alot of people to whom you owe alot of money and who see no prospected of ever being repaid in order to continue into the 2012/13 season as RFC without either a CVA or liquidation. Good luck with that!
You will be unable to pay your players. They will leave. No one will lend you money to buy new ones.

Rangers will be out of administration in some form or another by the end of the season. The current situation benefits nobody and the club can't and won't be in admin long term. Either a CVA will be agreed (hopeful) or liquidation will be the way forward and rangers will move on from there. Also if the tax case goes against us we wont appeal, it would cost too much and if they are unwilling to accept a CVA anyway there is little point. If HMRC loose they will only be allowed to appeal if the judge rules there are grounds for appeal. The only person who said HMRC would continue to appeal was Craig Whyte.

My guess is that with Rangers still in admin, there will be a points penalty at the start of the season. Don't see the SPL ejecting a club in administration unless it can't fullfil its fixtures etc.

Liquidation could mean any scenario you might think of. Depends on negotiating power of newco owners.

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