Rangers Rumours 12470

12 Apr 2012 23:47:49
I heard from a very reliable source that the ng mob are front running to take over rangers and they dont care about spl threats cos their not planning to start a newco. Interesting.... Risky bear

Clutching at straws, first Craig Whyte then Paul Murray & Now Bill NG this will only end one way and everyone knows what that is...... SAD BEAR

Only winners seem to be D+P. Frustrated bear

D+P are date raping us. Sick of excuses. Get on with it. Angry Bear

Ng is quoted in todays Daily Record as saying that due to unexpected costs and new emerging creditors over the the last few days could undermine their bid

And that there will always be other clubs they can bid for if rangers slip from their grasp!

Brilliant!

Yesterday Ng spoke of unexpected costs which might undermine his bid – while suggesting his group could take their millions elsewhere.

Ng said: “Other creditors have emerged in the days following our bid submission. It has put a new dimension to what is needed to keep the club afloat.

“There will always be another club to go for if Rangers slip out of our hands.”

Source: DR

I simply do not believe any businessman in his right mind is going to buy the shares of a company that owes approx 134 million, when a new company could buy the assets for 34 million, and save themselves 100 million. The financial penalties for liquidation in the SPL are tiny compared to this amount.

D+P can not get on with it until the BTC debt is confirmed, all debts must be consolidated in the CVA, the tax debt is still as yet unknown and all bids are conditional of this debt. Stop moaning about the administrators, its some kind of syndrome amongst Gers fans.
Bill Ng will liquidate if he can save 100 million or 50 million or 25 million....IMO.

The unexpeced creditor is CW and his 30 million floating charge, game over.

HMRC is not going to accept a share of BK's paltry offer of 8-12 million, its rewarding non-payment, they will go for liquidation.

Why would HMRC go for liquidation Rangers have assets of 120mill on the book. Secured creditors WHYTE(30mill) PLAYERS/STAFF contracts must be payed in full (80mill) leaving 10mill to creditors pot if they get full book price LOL (these pages are absolute murder when weans are off school )

HMRC WILL GO FOR LIQUIDATION IF THEY GET MORE FROM AN ASSET SALE AGAINST A PURCHASE OF THE SHARE CAPITAL OF THE COMPANY UNDER A CVA.

BK's are offerring 8-12 million for the CV and the share capital ,do the math.

" why would hmrc go for liquidation"
to send out a message to all other companies who default on tax -- if you dont - wont or cant pay what is due we will either take all your assets as compensation or put you out of business completely either way you are not going to fleece tax man again..... all other companies ( inc football clubs) beware this is the strong arm tacticts that hmrc will now use.. wont pay you dont play....if taxman loses out company is destroyed and any newco. rising from the ashes will not be safe..johnny G

If you go into liquidation legal disputles about who owns what (Whyte, Ellis, Ticketus, new owner. does Murrey own the Albion and Murrey Park etc) will rumble on for years. This could put a big spoke in the new co wheel

We take no responsibility for the accuracy or otherwise of published rangers rumours