Rangers Banter Archive November 19 2012

 

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19 Nov 2012 22:55:04
Warchest! Now that he owns Rangers history, Mr Charles can talk of moonbeams also and casinos and the levitating pitch... erhm the levitating pitch.

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On the purchase of Torre Andre Flo using £19m from Bank of Scotland.... "Moonbeams of success will shine on Ibrox" SDM.
"For every fiver they spend I'll spend a tenner" SDM
"I have not one but two warchests of £15m each for Ally to spend on players" Craig Whyte.

Mr Charles really is trying hard to keep up with his predecessors.

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Sorry but I really do not get the point of this post mate. Have you just come out a dark room . All you have said is old boring news.

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19 Nov 2012 22:21:04
Mo Edu left Rangers for Stoke (no hard feelings we got a transfer fee for him) to save his international career. Similarly Ness went to Stoke, Fleck to Coventry. Edu has come on as a substitute in one game and is rarely in match squads. Ness has played one competitive game and guess what got injured. Fleck played initially but now doesn't. Steven Davis (the worst ever Rangers captain) is a bit part player for Southampton. Is this the might Davis that thought he was a superstar? What a come down, not good enough to hold down a place in a relegation fighting team. So the point, was it worthwhile for Edu and Ness particularly to leave Rangers? Discuss. {The Ed039's Note - Steven Davis has started 9 of Southamptons 12 league games this season)

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What a load of b'llocks, Davis was a good player for rangers, and left for the good of his career, you cant blame him, as for the others, ness, fleck, edu, very overated and didnt play many games in scotland, so your point is cr@p.

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All that bitterness is going to swallow you up!

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You could have included Wylde 0 apps for bolton,
kerkar 1 app charlton,
whittaker 1 app norwich,

JG

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Let me rephrase your question, was it worthwhile for Edu & Ness to not transfer over to newco in the 4th tier of Scotland and instead move to the best league in the world, triple wages and be involved at the highest standard? Very few aspiring professionals would turn down a top tier team or even second tier english club to play away to Elgin and Berwick. Alexander & Elbows are in their twilight and just enjoying playing, Wallace is a strange one, he could have went to a Cardiff type team.

G93

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Davis is a regular for Southampton. He's not set the league on fire granted but as always puts in a shift. Never gonna get into double figures goals wise which was a problem for him at rangers too.

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Charles Green was glad to see the back of them and couldn't afford them. You know, we've got the wages down from £35m to £7m a year, living within our means story?
Can't bad mouth them for leaving and applaud Green for reducing wages at the same time.

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Kerkars made 12 app in the championship this season

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-6- liquidation meant that it was out of Green's control!

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Time to move on is it not.All these players did a job for the GERS.

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What this tells you is that these so called players who were plastic superstars up here are really poor. i used to listen to the media and the rangers supporters praising the likes of davis and had to laugh at an extremley average player getting such praise.
but i would go on

remember during saint walters second term all these players were for sale and no interest in our pretend superstar players.

mcgregor - most overrated reserve ever. no interest from anywere had to go to turkey for a job.

whittaker- my god the might of norwich for our muti talented right/left back

weir - was just a complete joke that he played for us for so long not a chance would he have got so long at any other club shows how poor our football is that he was in the team so long.

dailly- smith should have been sacked for signing him alone

bougherra- yes he was outstanding thats why hes at Man U....what where dubai oh right.

papac- very average player thats it.

broadfoot- not even good enough for 3rd division in scotland enough said.

maurice edu- yes he was great as his showing in the premiership is proving.

steve davis- where to start media darling for some reason poor poor player and captain even the snooker player is better. shows how some fans can be easily fooled by telling them someones good they will believe it.

lee mcculloch- wonderful loyal player aye right the 15000 a week helps with the loyalty though. never rangers class

fleck - perfect example of media building up a player who is nowhere near level they think hes at.

weiss- mini me who by putting on a rangers shirt in the stands somehow made him good on the pitch.

naismith- kid with far too much to say for himself and thinks he a great player when hes not. getting found out in england and would never have got a move to everton if jelavic hadnt been there and moyes wasnt a scot.

kenny miller - again a joke player who was here for umpteen season and scored nothing and then has one good season and the fans forgive everything should never have came back but for smiths stubbornness.

kyle lafferty- well what can you say about this boy waste of money, poor character and very poor player. not a nice man.

el hadji doeugh- walter should hide his head in shame. player should never been near ibrox embarrasssing.

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Aluko on fire at hull banging in the goals

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They were good enough to win title after title

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Post 10 holds a few good points, aluko was rangers best player l.weiss was a ok player bit post 10 is bang on wears a rangers top and that's him.

Jig,as a tic fan i have him praise up to yesterday. Spoke to a few rangers mates and they admit he's done the team a Turn but he's properly one of the higher paid players at the club but div 3/2 is his level now due to ages

Lenny

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19 Nov 2012 19:36:34
Ed we got a huge BBC report in September stating EBT FTTT result would be declared in October. The FTTT met in September 2011, this period of over a year is shocking.

http://m.bbc.co.uk/news/uk-scotland-19569680

None of us want it to go through Christmas, lets get it out there and behind us. It's now second half November enough is enough. Anyone would think this and the Nimmo Smith investigation are holding off for CG to have a successful share offering first. {The Ed039's Note - The tax case and the investigation by Lord Nimmo Smith have nothing to do with each other, the big tax case is an investigation into claims by HMRC that Rangers abused the tax system, and the investigation by Nimmo and his panel is an investigation on behalf of the SPL as to whether Rangers broke footballing laws. Neither is linked. The investigation by Lord Nimmo Smith and the rest of his panel has been postponed due to illness if I am not mistaken)

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Rumours are result has been given , and lawyers are delaying publication by seeking redactions.... unnecessarily...

so its being successfully punted into long grass, it could have been paid and no admin/liquidation but directors did not choose this path, deliberatly....

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Ed - I understand the Dual Contract investigation has been postponed as one of the QCs hearing the case was injured in a car crash in which another person died. {The Ed039's Note - I didnt actually know that, I had only read due to illness on text, thats terrible)

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19 Nov 2012 19:29:31
The problem with Scottish football - too many teams, too few spectators. For a country with 5m people to have forty plus teams is unsustainable. So radical change is required. I have no doubt this will be unpopular with the few hundred fans that follow the smaller teams.

Aberdeen, Montrose, ICT, Peterhead, Arbroath, Elgin, Ross County.
Sell all grounds except for Pittodrie. Pull all the money
together, sell the players not required (not much I know), called North Scotland.

Dundee United, Dundee - Tayside

Brechin, Forfar, St Johnstone. Same deal - Perthshire

Hearts, Hibs, Livingston - Edinburgh & District

St. Mirren, Partick, Clyde, Morton, QP, Dumbarton - strathclyde

Cowdenbeath, raith rovers, Dunfermline, east fife - Fife

Celtic

Rangers

QOS, Annan, Berwick - borders

Killie, Ayr - Ayrshire

Stirling Albion, East Stirling, Albion, - Stirling

Motherwell, Airdrie, Hamilton, - Lanarkshire


Please excuse my geography but think that you get the point. 12 teams with a reserve league.

I know the problem is that those clubs in same area tend to be rivals and that the thought of joining forces with your rivals is difficult to swallow. But we need radical reform and I think this is the answer. It may take a generation to start supporting regional teams but it may be worth the pain. {The Ed039's Note - I understand what you are saying but it isnt practical for a country with a population of 5million to have a footballing league with a capacity to put out only 132 players each week)

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I was thinking something similar but would never happen. Too much historical rivalry for that sort of thing to happen.

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Although I do not totally agree with this post, it is more progressive than the crap being uttered by Doncaster today.
The Ed is correct in saying we do need more than 12 and certain marriages are impossible, e.g. Hearts/Hibs and Dundee/Dundee Utd, but the basics should not be ignored.
And to all the septics, out there, if Scottish football is on a good footing, why is everyone calling for change.

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@2: you ruined a decent post with 'septics'. Shame.

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Why should all these teams lose there history? Most of these teams have fans who don't miss a match, what about a rangers/Celtic team? If you think hearts and hibs should merge then so should rangers and semtic. {The Ed039's Note - Its a terrible idea, some teams yes should probably merge, it would make some footballing and financial sense, but I mean lower down the spectrum)

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@2. That was quite correct. Tom English bangs on about Scottish football is not feeling th ill efects of no Rangers. Although some crowds may be up but the loss of revenue at thes clubs is unfortunatly down as selic and Rangers were geting ripped off with entry charges. Would you pay in to the cinema to watch a sub standard film. The very reason why fans are not paying to watch a sub standard product.

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People call for change because they want better.
Sometimes better isn't possible. A pun of mince is a pun of mince irrespective of how you cut it one poster wrote. He's right, change the numbers of clubs in each league doesn't increase gates or revenue or quality of football.
On the positive side our league football attracts good international footballers above similar sized countries. And it draws in more money than those countries. We should actually be like an Ireland, Israel or Denmark.
At National level, we have the talent and clearly just need a manager.

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Completely SPOT ON, Do not totally agree with all your combinations but delighted to hear someone talking sense, it is complete nonsense to think that with our population the number of teams can ever be successful, current number of teams is absurd.

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Aberdeen, Montrose, ICT, Peterhead, Arbroath, Elgin, Ross County, are hardly the same area, but understand where your coming from could reduce to possibly 3 or4 teams.

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This post was first muted on the Celtic forum some weeks ago.
You cannot force clubs to amalgamate.
Market forces, good or bad management, quality of football and hence numbers of supporters will decide who survives and who goes under.
Survival of the fittest. Capitalism at its best.
What I disagree with is money being taken from well run successful clubs to artificially prop up failing clubs.

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6) is correct. Our attendances and turnover for the game in Scotland are higher than the leagues in countries with 5 million people. We therefore can attract and pay internationalists.
Problem is we think we're a France, Germany, Spain, Italy, England,....... Which is really silly and impossible. This frustrates us and we want better when we should be more happy with our lot.

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20 Nov 2012 01:09:39
Not a chance! Killie and ayr?! Dundee and Dundee utd?! There is no way these teams would amalgamate. Just like ranger and celtic never would.

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I wouldn't mind being Denmark tey are consistently quality and beat Germany to win Euro Champs Tournament... 5m population ..Greece only 11m and even Holland only 16m BUT WAY OUT OF OUR STANDARD OF FOOTBALL, ..... coaching at youth the answer not population, look at Germany and England same population but Germany miles better record.... george {Ed001's Note - Uruguay has a population of less than 3 and a half million.....}

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It's a popular myth that its 'survival of the fittest' in economic theory its not the strongest or the most intelligent that survive but the one most adaptive to change....Kodak and Rangers are now good examples. If Scottish football really wants to survive then it needs to dump this idea that its too big or too steeped in history to fail. Deep rooted changes across the sport is needed from clubs amalgamating to supporters stopping disagreeing with comments of good luck to sandy jardine!

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This isn't the worst idea in the world, but surely the problem there is that "Glory Hunters" will still want to travel to support the old firm rather than their local team. Isn't this part of the reason why attendances are so low?

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You need to go back to school pal and learn your geography mate, Brechin, Forfar, St Johnstone Perthshire? The Brechin and Forfar folk would have to drive south through Dundee to get to Perth! Merging teams is not the soloution, its coaching and living within our means as clubs that is needed, coaching the kids to pass the ball and control it etc rather than lumping it up the park, will take a generation but would be worth it.

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19 Nov 2012 18:51:12
might make the game more interesting for fans -

If a league game ends in a draw. have a penalty shootout and the winning team gets an extra point.

Worth thinking about {The Ed039's Note - I remember this being discussed back in the 90s for MLS but FIFA didnt approve of the idea)

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Increase the goal mouth dimensions for a higher scoring game.

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OP what happened to the mighty Albion Rovers.That's two post's on here that have forgotten them.
Tam

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19 Nov 2012 18:14:17
Who thinks that Scottish football should be restructured to a top league of 16 to play each other 1 home and 1 away with 2 leagues of 20 for 1st and 2nd divs and bring in the likes of the highland league and junior/amature teams and also have the possibility of promotion to the 3rd div via playoffs and have 2 automatically up and down from each div with the 3rd relegation/promotion place decided by playoffs and this would also allow for a winter break in the top div and ease pressure and create free weekends and more space for cup relays and abandoned/canceled games and scrap the SFL, SPL & SFA and switch to a new governing body called the Scottish football federation and have them run the whole lot as this is what I have thought for years now.

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Not me. Next.

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And jam pack the SFF with ex rangers guys to run the whole game? Sounds great.

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19 Nov 2012 16:41:45
Hearing a big rumour BTC result leaked and the case against Rangers has been dismissed.
Mind you I'm not saying this is official but it does maybe explain why all of a sudden
Walter, Big Eck and Graeme Souness all made big media splashes last week when they would have known the result. {The Ed039's Note - I also had folks on here a few weeks ago saying that the result was due "any day" and the case had went against Rangers. I would advise folk to take my advice on this one, until you read or hear something official, then dont take any notice on anything you hear about BTC because its all hearsay. Plus I dont think Big Eck and Souness should have anything to say on the matter both of them being benificieries of EBTs)

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Are you sure Sounes was an EBT recipricant. {The Ed039's Note - £30,000 one off payment round about the time Blackburn signed Tugay from Rangers if the reporting is to be believed)

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What difference would it make now ?? if anything whyte could do a cva and start the club back up again he still owns it green is nothing to do with oldco

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Its a fake document flying about online,all total rubbish..

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The difference it makes is that sponsors are a whole lot less likely to want to strike a deal with any club that has been proven to have witheld taxes and if Rangers are plastered over the front pages of the British press and branded as 'tax cheats' then it sure ain't good news and arguing that that was the oldco isn't going to help.

Just saying as this is something that I think we will have to face up to.

BARNEY BEAR

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So Ed039 was Rangers paying manager of other team while selling player to that other team..... that sounds soo dodgy?

How does one explain that ?

Blackburn buy player cheap, and Blackburn manager gets £30K.... dont like sound of that ! {The Ed039's Note - It sounds dodgy because it is dodgy, why would an ex manager get £30k from an ex employer as he signs a player from the same team, somebody will say reading too much into it but I dont think I am, and I think something extremely dodgy went down at that time. I think it was said that it was in lieu of a personal appearance or something, but read into it what you will)

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Barney . I understand what you say about Rangers being plasterd all over the front pages. In reality the alleged amount RFC owe is absolut chicken feed to some individuals and companies in the UK. These companies and individuals have no fear that they will continue in Biz as will RFC. Always be positive mate.
Hayes

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@6: these big companies your talking about, dont pay corporation tax, but still pay the Vat, paye & ni contributions.

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@4 it did not stop C&C from continuing their sponsorship or sports direct from getting involved so why would it stop anyone else?

JG

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SOmebody from STV officially tweeted Rangers win Tax Case!!

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19 Nov 2012 16:03:15
what does everyone think of the spl and sfl recontruction plans the sfl plan gets my vote the spl have messed up on various ocasions regarding our overall scottish game they or the sfl should not be able to decide it should be a independent commitee set up who decide what to do with our game because the sfl and spl will never agree so the decision should be tain out there hands if not we will still be stuck like this for the next ten years we need action not talk the spl split is a joke means teams with more points can finish below teams with less point time for serious change {The Ed039's Note - Thats one big sentence mate)

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Dont think you or your club get a vote for the next three year when you become a full member {The Ed039's Note - Rangers get a vote as an SFL club, any recontruction plans then need an 11-1 vote to be passed, so Rangers will get a vote through the SFL but nothing can happen unless the SFL approve)

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Both plans appear to be a land-grab on the other's territory. However let's try and look at this dispassionately.

SPL idea - 12+12, splitting to 8+8+8. (SFL presumably one division of 18)
Bad -
keeps SPL and SFL as separate bodies;
24th team hardly "premier" standard;
SPL1 might turn out to be exactly the same teams from one season to the next;
Finishing 4th in SPL2 at the split could see you promoted.
Good -
Home and away matches fairly split unlike current SPL setup;
Eventually gets back to 4 old firm derbies;
Finishing 9th could see you relegated if your game has badly slipped as the season progresses;

SFL idea - 16+10+18
Good -
single league governing body;
Decent teams will always stay in top division;
Bad -
Odd way to split 42/44 teams;
Naming needs to be looked at;

I'd like to combine the best of both. Why not have one league structure of (say) 48 teams, splitting into 6 league of 8 rather than 24 splitting into 3?
I'd also like to see automatic promotion/relegation from non-league. There really is little difference between SFL3 and the divisions below it. Promoted teams usually do very well.

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Ed no new club in sfl get a vote for 3 year their not seen as full members {The Ed039's Note - So how did all 30 member clubs vote unanimously on the proposals, did Ross County still get a vote? I am not debating what you said but just what I have read)

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3. The transfer of the existing SFA membership share from oldco to newco (instead of applying for a new one which would have seen us having to join at junior level) would circumvent that probably. Don't know for sure, just a thought, but makes sense to me. Someone must know (and be able to provide a credible source whilst they are at it!!) as it is not a new thing to have happened. Did Airdrie, Clyde or Livingston receive voting rights straight away when they rejoined the SFL, for example?

Brian {The Ed039's Note - Honestly, it doesnt really matter, I dont think reconstruction of the Scottish game is up for debate, it has to happen, and has been needing it for some time. And I dont just mean the senior leagues, alot has been going on at grass roots and amateur level, but not enough. Henry McLeish published his finding long enough ago but very little has been done to implement his findings)

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To be honest ed i had to think about that one again after i posted ... i know new clubs enter as associates for first 4 year and cant vote but the sfa awarded full membership so am not sure if that meant full membership of sfl too {The Ed039's Note - This is why we need one governing body in Scottish Football, everything is far too complicated and when you think you have the answer to one issue you immediately think, oh no thats the SPL not the SFL and vice versa. Also having read back the thread, on reply number 1 it is meant to say that an 11-1 approving vote must be cast by the SPL and not the SFL to be passed. I also think I just made my own point)

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Heres a snippet from longmuirs statement "The member clubs of The Scottish Football League have today voted to willingly accept The Rangers Football Club as an associate member of The Scottish Football League.

"Furthermore, The Scottish Football League's only acceptable position will be to place Rangers F.C. into the Third Division of the Irn-Bru Scottish Football League from the start of this season, 2012/13....

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I ment to add to my post no 6 ... if that is still the case rangers as associate member dont have a vote on anything untill 4 year {The Ed039's Note - Then how did 30 member SFL clubs manager to vote in favour of the change? Who is the 30th club and how did they get a vote?)

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Ed ... as still members oldco was entitled to a vote green represented oldco on behalf of the administrators oldco didnt withdraw untill after the vote ... however you could argue that by awarding associated membership the sfl didnt recognise newco as the same club as oldco and seen them as a new club but i think the sfa awarded full membership so i dont know if that effected their position in the sfl as full members or not, it could have been a temp award until oldco handed back their licence {The Ed039's Note - I meant regarding league reconstruction only last week)

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Apologies ed

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19 Nov 2012 15:51:48
All silent from greene for a few days.hopefully someone has had a word& told him too stop spouting lie after lie after lie!if he thinks all his guff&pipedreams are going to sell shares hes sadly mistaken,as i;m sure theres plenty wounded bears with common sense not too buy into his drivel&line his&the backers pockets,all will go to holding company not for the good of the rangers

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19 Nov 2012 15:44:29
so thats it now that the wages will be capped at 33 per cent of turnover rangers will never be a top club again then. if we cant pay top wages= no top players = no european football to speak of = deadwater of scottish football. playing useless kids who are nowhere near rangers class and playing 40 and 42 year old veterans whos days have long past.
so the best ever time to be a rangers fan has passed. mediocrety and being top in scottish footballs backwater is all we have now.
still at least we have sir silver of the fox mr amazing walter smith eh.

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At least green has explained who he and the investors plan to make money, but paying players less...

.. is there any great club on just 33% for thier players????

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Man what a total sado you must be and what a totally pathetic post. So wait there would you rather rangers spent a Sh,t load on foreign players who only come for the money and fail at the only thing they were brought in for to succeed in Europe then the club would end up back in the sh,t within a decade or bring homegrown players through selling the good ones on at a profit. Therefore the club makes money every year we can develop better youth facilities not have to pay millions a year in taxes and debt payments. Yes the players we had in the nineties were superb but that's where our troubles began those days are long gone get used to it and just be glad you still have a team to support {The Ed039's Note - Great post)

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We have not got any good youth players to sell though {The Ed039's Note - OK, dont think that is strictly true)

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If you love your club , you should be happy for them to be playing anywhere, jerseys for goalposts etc , all the avarice and chasing pipe dreams is what go you in the @hit ninth first place

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With that wage cap we will still have the biggest wage bill in the 3rd division, 2nd division and 1st division. Remember OP we are only in the 3rd division and won't be in the SPL for another few years, so we need not overspend on wages any further. Once we are back in the SPL you will prob find Greene will be offski and we have a new owner who might lift the wage cap or increase slightly. For the time being though your just goin to have to accept what is in place!!

TTG

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EBTs saving £94.4m and huge loans from Bank of Scotland bought us the previous wins and great experiences of being rangers supporters.
Without these two things going forward, we can never ever afford the Gazzas, Laudrups ever again. So yeah the best years have passed and actually highly likely the honours from those years will be removed. {The Ed039's Note - I dont know where you got EBTs saved £94.4m from. This is the amount being claimed from HMRC which includes a considerable amout being claimed in interest and penalties)

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@6 Even as a Celtic fan I have to say that post is wildly inaccurate.

G93

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19 Nov 2012 14:24:57

We all know that any company just can't decide to issue shares and hey presto millions of pounds are changing hands. There are many requirements which must be met to enable a company to float on the AIM.
The key issues for directors of the companyintending to float are;
1, the placing agreement
2, responsibility statement (by each director) working capital statement
3, lock in agreement where shares are locked typically for 12 to 24 months
Other requirements the company must meet are;
1, the route to admission, this includes an admission document that must contain all information necessary to enable investors to form a full understanding of all matters related to the company. This document must be available to the public at least one month before admission
2, the prospectus which must be produced and approved by the FSA
3, Continuing obligations after admission, which include major changes to the company after a share issue
In addition to the director's and company requirements, a nominated advisor (Nomad) must find each director and the board as a whole suitable and oversee all the requirements above are met. The FSA have a list of approved Nomads
Considering all the above let's put to bed all the badmouthing about our IPO and some PowerPoint slide that was leaked to the media and which is being dissected.
It will do no good to try and second guess the management of the company at this time. We will all have a chance to see the documents before we decide to buy shares or not, until then let's concentrate on the football and keep up the fantastic support of the team and the management that we have shown so far

JG

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Excellent post!
We can speculate till our asres fall off! and indeed I think some asres are already making buttons!
Wait till we see the facts, then consider the options, and choose the path that best suits the individual!
Bluebells are Blue!

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Were simply the best

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You do realise best is an anagram of ebt,s

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JG, you have stated "It will do no good to try and second guess the management of the company at this time."

Does that not worry you? Do you not think that Rangers supporters should know who is behind the club.

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@4 for now i know enough, a consortium fronted by CG bought the assets and took over the football team meaning we still have a team on the park to support, the same consortium invited any backers with rangers interest at heart to invest with them, then the consortium stated they would float the company to raise capital,
now read my post again, all the company & director details have to be revealed for a floatation to take place

I get a bit frustrated with some fellow bears and their constant criticism, have you forgotten already that we could have been without a rangers team to follow follow this season and only the late intervention by the current consortium kept us going

JG

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19 Nov 2012 13:43:51
Was diacussing the share offer with my daughter .I paid for her season ticket to Ibrox but am not inclined to buy the shares on flotation as I think they are monetarilly worthless and an emotional investment . What would have value to me are the 22 million preference shares held by the original investors , who should double their money when the company is floated on AIM. Some of these people may wish for a sharp exit with their profit and I think it is these shares that the fans should be looking to buy . If they could band together and raise £3 million, they could purchase , say , 10% and have a tangible presence on the main board. We know Ally has 1 million and may be amenable to sell to a properly constituted fans' grouping(or maybe not) possibly even without realising his profit .Wonder what your thought are on this,Ed, or what any of your east end cousins' guidence would be .

Paddy Malarkey

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According to Bill McMurdo -

'It is my understanding that institutional investor interest for the Rangers IPO has far exceeded club expectations.

In fact, Rangers are anticipating that the share issue will be over-subscribed, a positive thing in today's gloomy economy.'

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SO if true, Bears wanting shares might be disappointed? Who gets first dibs? Institutinal investors?

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Typical fan that thinks he should be handed shares for nothing ... if you wanted to go down that road then why did you not raise 5 million and buy the club in the first place instead of leaving it to someone else to do the hard work then think he will pass it over for nothing if you want them by them if not go take your daughter to macdonalds

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@3
I wouldn't want the shares, even if they were free .I support the Mighty Jags but my daughter must have been dropped on her head when younger and supports your lot. All I am suggesting is that fans attempt to buy the shares that count ,that have voting rights and dividends(if any) rather those which can best be described as an emotional investment. Organise and try to buy the shares currently held by the original investors , some of whom may wish to cash in their 100% profit when the shares are listed.

Paddy Malarkey {The Ed039's Note - PM, I think any fan investing in the majority of clubs throughout the world are doing so through and emotional attachment as there are very few clubs who would be able to demand a return on the investment, and the ordinary fan can not afford the number of shares to have a say)

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I agree, Ed , just saying that if they are going to band together to buy shares as a syndicate, far better to unite and buy the shares that count.

Paddy Malarkey {The Ed039's Note - Thats a no brainer, no arguments here on that)

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19 Nov 2012 10:39:34
Which company are Rangers fans going to be asked to buy shares in:

1. The Rangers Football Club Limited (formerly Sevco Scotland Ltd), Company Number SC425 159. This is the company that that holds the contracts with the players, has an associate licence from the SFA to play football and is a member of SFL3.

This is effectively the football club and the company you would expect to purchase shares in.

2. Rangers Football PLC, Company Number SC437060. This company was only incoropoated on 16 November 2012. It's registered address is Ibrox Stadium.

It may be very relevant that the slide show presentation relating to the upcoming share issue, states the company that will be offering shares is a PLC and not a Limited company.

3. There is still Sevco 5088 Ltd, Company Number 08011390, lurking about in the background. This is the company that Duff & Phelps originally reported that were purchasing the assets of Oldco, but which were purchased by Sevco Scotland Ltd.

The real risk here is that Rangers fans are not being asked to purchase shares in the company that is the football club and are being asked to purchase shares in a holding company a completely seperate entity.

Believable18 Unbelievable4

After this share issue, I really don't think Stockbridge, Ahmed and Green are going to hang about. I believe they will go in January/ February before accounts are due 1st April. They have a history of AIM share offerings, quickly resigning Directorships and moving on.

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I'm sure everyone is deliberately overlooking the real corker here¦¦.

RANGERS FOOTBALL PLCť
Registered: 16th November 2012
Company Number: 437060
SIC Activity code: NONE

It is not ,,,,,

Rangers Football CLUBť Plc or RFC 2012 PLC (in liquidation)
Registration Date: 27/05/1899
Registration Number: SC004276
SIC Activity code: 93120 “ Activities of sport clubs

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An empty company created for reasons beyond our know more skulldugger?
all these companys begin to make bombers rants real whos got the deeds and why ?

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That is why the share issue MUST wait! I'm not sure about your facts, but can anybody be sure? In concept your probably not that far off. Who knows what these shares will be truly worth and where the bulk of the money will end up. Waiting is how people are found out or proven sound, simple.
We are not even past the six month mark with Green never mind a full season! Its obvious somebody in the chain is demanding their cut, and they are probably holding the title deeds!

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Green wants to retain control of my company, and will want to use a holding company to do this. {To be regarded as a holding company of a trading group for tax purposes, the UK company must effectively own directly or indirectly at least 75% of the share capital of its subsidiaries and provided that the parent company is entitled to at least 52% of their assets for distribution or winding-up.} And this is why CG will not share the club 50-50 with the fans.

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To all bears, (and the anon OP)
lots of dubious comments are being posted regarding our share issue
Notwithstanding those comments, the reality is that companies do not just decide to sell shares and hey presto millions of pounds are changing hands.
Do yourselves a favour and read the requirements that CG and Rangers have to meet to join the AIM market
All we know for certain at this stage is rangers asked the fans to register their interest, which many fans have done, myself included
If Rangers proceed with the IPO, meet the AIM requirements and satisfy the FSA, then the share issue will be above board, all conditions of the company will be known, and all questions answered in due course

copy the link and read for yourself, that goes for the anon OP as well

http://www.burges-salmon.com/Practices/corporate/equity_capital_markets/Publications/A_Guide_to_Joining_AIM.pdf

JG

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JG - the points you have raised still do not clarify in which company fans are being asked to buy shares in.

Yes, the IPO will clarify the company, but it shouldn't need an IPO for supporters to know who they'll be investing in.

This should be out in the open - NOW.

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@7 - all that has happened so far is rangers have given notice of an intention to float the company (ok they must declare which company) and asked fans to register their interest,
would i be surprised if the floatation does not happen in the next 6 to 12 months? -No, so for now i am not panicking, we (the rangers) have a good source of income for now, St's 36k another 10-14 k tickets sold each home game, several extra cup games, advertising, merchandising etc etc, and greatly reduced wage bill

That may not be the answer you like but there it is

JG




JG

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19 Nov 2012 08:59:50
BDO have challenged Charles Green and his Sevco consortium to prove that the purchase of Ibrox, Murray Park and the Albion car park was given "adequate consideration".

And so the unravelling commences!

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Source?

Rubbish, that question would be aimed at the Administrators not the purchaser.

In any event BDO have only been in place a couple of weeks so early days.

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I would have thought the onus was on BDO to prove otherwise. So disagree.

BARNEY BEAR

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The Goverment's Insolvency Service Investigators are also looking into the asset sale. How can £80m of Assets be sold for £1.5m when Creditors are due £160m and have first shout on the assets?

White brought the salesmen D&P to sell off assets.
White brought Charles Green to D&P to buy assets.
Enough said.

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Not this horse poop again. The company and its assests are only worth what someone was willing to pay!!! Fact. I didn't see anyone else offering to stump up the millions you're quoting , now give it a break. We have moved on, the club is trading again and we are on a stable foot now

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"I would have thought the onus was on BDO to prove otherwise".... where did you make that up from...

law clearly states the buyer (GREEN!!) has to prove he paids fair-market value!

Not that BDO, sellers or anyone else, the buyers!! Why else do they want to sell/float before this sale is undone ???

Barney just google "gratuitous alienation" and rangers....

rangers fans have to self educate, or they will get scammed,,,, again!

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Timmy still clutching at straws and want to see Rangers shut down. Servco is now shut so why your servco poop has no relavence to RFC. away back to Lego Land.

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@6: after all the sh1t thats happend over the last couple of years, id suggest not burying your head in the sand, and accept Green & his croonies could be another bunch of conmen.
Slagging every team in the country and telling lie after lie is enough to be concerned.

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19 Nov 2012 01:43:20
Im a Celtic fan and would just like to wish sandy jardine all the best all the crap aside we have all had a friend or a family member affected by this and from the bottom of my heart I wish the man all the luck and fight in the world !

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