Rangers Rumours Archive February 14 2012

14 Feb 2012 22:50:14
bears still 5000 tickets unsold for sat ,come on lets make the place bounce for ally and the team...... craig+babybear

Lets make Mr whyte more monies then.......
Don't think so. u have killed our club and boycott in an un imaginable scale needs ti be executed!!
Nivbear

....ferguson McCann and Celtic situation was very different situation!
End of last text ed that send too early. Sorry!
Jay

Aye, more money to pay off creditors. Whyte won't pay it, glad the Ranger's supporters want to.

Bounce all the way to insolvency?

Back mccoist & the team

now more than ever

watp
(and always will be)

Ally cost you £10 million with a series of catastrophic defeats and throw away a 15 point lead in the league. Do you seriously think CW would have pursued admin if rangers were still comfortably in front in the title race. No chance. Ally's incompetence contributed to creating the conditions for this move.

Mr tight will not get a penny more from me.

I cant believe some of the replys on here im as pi55ed off as the next person at least get behind the team or yous just gonna drop the gers and go watch somebody else aye , unbelievable and shockin..... craig+babybear

Ally's incompetence, seriously? A league is 38 games and he didn't throw away a 15 point lead, they lost a nine point lead. You can't throw away points when they are games in hand for the other team.

GovanFR

I cannot beleive your audacity to suggest Ally McCoist is to blame for Craig Whyte's wrong doings. CW has had a history of buying businesses under serious financial constraints and verging on administration, whether they go into administration or not he always assesses the situation before the purchase of the company to confirm that whatever way the company goes he will be the principle beneficiary. Furthermore the 15 point lead that you all bang on about is a figure created by the media to exaggerate the situation and manipulate the masses. Rangers were 15 points ahead for 2 hours until Celtic played their game later that Saturday afternoon. Also Celtic had 2 games in hand and an old firm to play - in reality Rangers had a 6 point lead and lost an old firm and a couple of games due to our diminishing squad and absence of Naismith who I would regard as the best player in Rangers' modern history, always providing options out wide and through the centre - banging a few goals in along the way. So please, don't be so patronising to your fellow fans.

I must also include - if CW had any intentions of avoiding administration and winning the title this year to garuantee European football which he has said himself is necessary to make a profitable annual turnover he would have invested on the squad at the start of the season. CW knew the club was in disrepute and going to inevitably suffer a 10 point deduction and therefore wasn't keen on spending a penny in the playing squad.

Rugby for me craigy

Whyte has been a disaster as has Mccoist , need sweeping changes throughout Ibrox . We as supporters must stand united to show the club is worth saving

Catch 22 back the team or give the wee ars**** more money?

It's got to be back the team. It's a perilous state rangers are in. Confidence will be fragile after events today and yesterday. Whether you like Ally or not, he's the manager and is 100% blameless IMO. David Murray has a god damned cheek even commenting on this as it is entirely his fault.
Craig Whyte has managed to convince people that he was some sort of saviour and lack of proper investigation from rangers, the SFA (fit and proper person test) and to a slightly lesser extent the Scottish media are all to blame.

I phoned for my ticket this afternonn, no many tickets left. Lets get behind the players and Ally. F#ck Craig Whyte. Long live Rangers. WATP!

Craig whyte stop posting on the rumour site!

Do you know how many tickets their are now Craig+bay bear, planning on getting one

Full house for sat, even if you aint got a ticket it would be great for the moral and show support for players ahd club if people just turned up. imagine 50.000 inside and thousands outside

Its bogof for tkts on sat

14 Feb 2012 21:57:32
radio clyde just reported that former director paul murray to ask the administrator tomorrow how much it will cost to buy rangers
jaasblue

Paul murray to buy Rangers yesssssssss, so if that happens he inherits the debts also plus the tax dues, if any = square 1.

Does everyone REALLY believe that Craig Whyte has an agenda for himself? or am I the only 1 who believes he has a trick up his sleeve? No way someone would put ther family and friends under this much P. To make a quick buck and run a guantlet for the rest of their life. If ther was another option, then why did P.murray and his crew not make more of a case for their plans instead of just saying whyte was wrong. I'll tell u why: because they wer still employees the longer his takeover lasted, and wer gettin paid for doin sweet F.A

How about £110 million.

Dream on.

I beleive the last valuation of the club was £1.

The value of the club will be higher than the £1 paid by whyte. I think the admin will be looking for £30mill min. paul murray has no chance.....hmmm perhaps someone who has stole £24mill of season ticket money may have some spare cash too..... hmm.... whyte knows what he is doing!

14 months of due diligence tells you break down value of RFC is 20 million, worst scenario go bust, Whyte buys RFC off receiver with Ticketus secured money and all debt gone. Join English League, lose 10 million for two years ( 2nd and 1st), profit in Championship, super profit in Premiership, Rangers valued same as Newcastle at 200 million. Whyte makes 160 million in 4-5 years.

RFC wins Champions League in 2018, thanks to Whyte and McSky.

He'll ask how much it will cost, he'll get told how much it will cost, he'll decide it costs too much and that will be the end of that.

I have to say I agree with the second post and have done for a while. There is no way a man would put himself and his family in the public eye and risk his own safety to make a quick buck from a football club such as Rangers. CW could have made the same money by administrating or liquidising other companys no one would have even batted and eye lid at. But he chooses to do it in the public eye to a Football Club! I dont think so. Yes these are hard times and yes there are dodgy dealings going on but if you think he is going to leave us in the gutter and walk away for a few bucks I think you are mistaken. He stands to make far more from a profitable stable company and thats what he will do. Yes things had to get worse before they got better but that is not his doing he is trying to steady a sinking ship. Only time will tell. I may be wrong. But i cannot see any man being as bold as this. He has done this all his life and could have continued to do it in the shadows. There is more to what is going on than meets the eye. Be patient bears because when the dust settles there will be a stronger club.

14 Feb 2012 21:22:36
The hmrc are going to either remove whytes assets,or not negotiate and could still wind up company,today case wasent about gers keeping their assets it was whyte making sure he was still in control,the hmrc r like a dog with a bone,whyte n hmrc borh wunt liquadation its just a race to get their first,

The HMRC want paid. doesn't get more simple than that. End of.

Liquidation doesn't help them. From their perspective liquidation = small payment (if any) plus a phoenix coming, to all extents and purposes using the rangers name that owed them nil.

stacks of complications on this (i.e. what happens to league membership) but as far as HMRC concerned liquidation = no money for them

Agreed, hmrc dont want liquidation. they will accept some form of reasonable reduction in the sums due rather than lose the lot. prob is, this negotiation could take along time, and i reckon it will drag on into next season. perhaps celtic will have a chance of winning the league next year too! lol

Thanks for reply (and agreeing!)

HMRC want money, they know they won't get it all. What has made them play hardball (i.e. go into administration immediately) is the fact that whyte has paid no NI or PAYE since he took over.

The administrator he appointed (yes they've worked together before) confirmed this today.

When the administrator looks into what has happened to ticketus money (specifically if there has been any of this paid separately, as an introduction or some sort of commission and to whom) is where this will get very interesting.

Hold on tight bears. More to come I fear.

It is correct that HMRC want the revenue due, it doesn't follow that they will accept a reduced offer. Their position is clear pay the whole debt or cease trading no negotiation as such a precedent for reduced payment is one they are completely unwilling to set

14 Feb 2012 20:57:46
hi ed do u know if there are any people interested in buying rangers or have been linked ?
AndyBear98 {Ed001's Note - there has been talk of it, but nothing concrete yet.}

Many thanks
AndyBear98

Does no one else see the CW Masterplan?
yesterday clever people questioned how Rangers would be allowed to go into administration. Employees had all been paid. who did they owe money to? forget the 'big tax case'. That's not landed yet.
CW needed to create a creditor who'd pursue Rangers for unpaid bills/taxes. Not a football debt however because that could lead to transfer embargos.
So step forward HMRC. Withold VAT, PAYE etc and they'll probably soon come callin'.They duly did and attempted to put Rangers into administration. Only CW got there first & got his own administator.
Now in administation Rangers main secured creditor is himself followed by HMRC and their unpaid VAT, PAYE etc(not the big tax case).
Rangers will come out of this at the other end (perhaps as a new company or phoenix company as Leeds did) and leave behind the 'big tax case' and the old Rangers company. The new Rangers would emerege & HMRC would not be able to pursue the 'big tax case' cos the 'old Rangers' no longer existed.
SDM's view that Rangers would probably win the 'big tax case' was risky. If Rangers lost they'd be finished. There's no way they could pay the figures quoted

I kinda thot this wen he wouldnt put money in bt still dont trust him bt why would u invest into a buisness thats gonna gt shafted by the tax man n lose the lot . also after seeing the particulars about the big tax case i think its a disgrace that hmrc can show up ten years down the line n demand money 2 or 3 years maybe bt to turn up a decade later is disgraceful hope they gt nothing

14 Feb 2012 20:42:26
Alistair Johnston has lied to us as well. He came out saying that SDM had the option to take the club back if CW had breached conditions of the sale.

SDM has confirmed today with BBC that that is NOT the case.

So why is Johnston lying to us?

AJ stood up at the 2010 AGM and stated that the tax case was not a problem for Ranger but a issue for Murray Group.

Check out Scots Law Thoughts website, there are links to the actual takeover agreement and SDM will not return.

So who do you believe

whyte
murray
johnston

it aint right but we are where we are, and i suggest we back mccoist and the team. i look forward to the game at the weekend, as an exiled rangers fan, its time to come home and back the team

14 Feb 2012 20:21:30
the fans need to mobilise quickly
however what is needed is a figurehead
, in my view one that the fans trust and
can relate to. Although the finance
would not be available to him/them the
ability to attract investment and gain
fan support is needed ASAP. My view is
that Walter Smith, Graeme Souness and
John Greig sitting at the top table would
get the fans onside

I was thinking exactly the same we need a true rangers fan legend who has ultimate rangers at heart like all us true fans to lead us out of this and help us all invest in the club in its hour of need and get real rangers people who live n breath for the club take us forward cause with our rangers there will be a huge hole in my life gavtheger

Good top table.

Fans on face book are wanting one of the supporter trusts to open up bank accounts with same sort of ideas .. but they want all fans to boycott all away games and put all cash into said accounts any one heard any other ideas watp jimmyd

Yes i agree rangers fans world wide are the untapped income here i for one and many i have spoken to are willing to put money in i dont want anything back shares etc i want my club back but dont trust mr whyte or those with him walter smith would be a great choice to bridge between fans and the powers to be if administrators can sort the mess out we the fans world wide could fund the building of a new team

Ideas like this are what will save us. the fans need some form of input. i dont go to away games normally but id give the price of a ticket every second week to a formal managed effort. especially if fronted by legends like greig, jardine, gough etc

Boycott all away games?...fecksake mate, the fans are already disappearing in droves from home games. Revenue from home gates is running at a loss and it'll get worse. Rangers actually need away fans to come to Ibrox so this idea reeks of shoite.

We need to know how to invest in our club. Just listened to the Paul Murray interview and he needs a consortium and help, this is the fans chance to help the club.

The post that started with "boycott all away games" you are the sort who will sit back keep your money in your pocket and moan why not put your energy into posting positive thoughts we as fans and remember there are millions of us wordwide put what we can afford that could range from one to any amount into a bank account overseen by a group of trusted men or women who will act in the interest of this great club but we the fans need guidance to do this we r laymen but whwt we have is greater than anything and that is our love of this great club we will not let it die come on stand together hand in pockets and help

14 Feb 2012 19:35:45
strathclyde police have just confirmed that the rangers game will go ahead on saturday.

Never Sherlock about 4 hours to late.

14 Feb 2012 19:26:14
Was listening to talk sport today,andy gray and richard keys,,richard,when asked about david murray said that he is in a bad place just now,quoting that he had lost his fortune!!,,,GOOD RIDDANCE TO HIM

Murrays companys are trading well

You weren't saying that when he brought you 9 ina row, winning cups and buying great players like laudrup and gascoigne and flo!

Flo a great player?? £12m, £40K per week Patient zero of the EBT Scheme. Shut-up-a-ya-face

Rikkisixx

14 Feb 2012 19:19:51
You couldn't make this up cousin has not signed a contract.

He has by fax

Take that back sorry mate

Where u heard this....believe it's b****cks,not on website r radio

On bbc sport website cousin deal will NOT now go through

Its true was on radio clyde tonight , why pay a player 7,500 pound when the club has to pay of workers lncludeing players, leagues gone so no need for anymore players, RANGERS FOOTBALL CLUBS EXISTANCE IS THE PRIORITY NOW.

14 Feb 2012 19:09:12
daniel cousin deal didn't go through and he will leave rangers immediately.

So its not all bad news then.

If I was NL id sign cousin for a wind up. Ha.

It was reported on stv news tonight that he gained international clearance to play while rangers chiefs were in court yesterday...so as far as i was aware, he had signed....

14 Feb 2012 19:02:31
the only way HRMC is going to get their money is to force the club into liquidation and sell the assets, why should creditors accept pennies in the pound when the assets can be liquidated.
time for the supporters to boycot the club and show their displeasure at this crook Whyte who will walk away with a few million in his pocket

Cos thats how creditors get dealt with in times of admin.
oh you would love that wouldnt you. but that wont happen cos rfc isnt mr whyte or sir david murray or this board or the previous.
its the history the tradition and most of all the people. follow follow.

Whit ya talking bout??? whyte is a secured creditor = his company get sorted out first ... he takes ibrox murry park and the staff ... opens new company = rangers 2 and makes lots of money ... smell a rat ? me 2 .. check out what leeds done a while back .. almost the same

We need to stand up to whyte the man is a joke he aint got a penny

What "assets" are we talking about, ibrox is a listed building, you can't build on murray park and people know we need to sell so player values are maybe £15mill for the whole team. Rangers is worth more as an entity that it is worth in bits and the administrators know that. Rangers biggest asset is the fan base, which can't be sold.

Spot on mate. The property assets only have any significant value if the club continues as a going concern. For that reason and the massive loyal fan base that brings revenue to this club and every other club in the SPL, I'm sure we'll survive this crisis.

Rangers biggest asset is the fan base, which can't be sold.


--------------------------------------------------------------------------------
Sorry but the fan base has been sold to Ticketus. Also if Whyte is due £18million that would be less than the stadium, murray park and players. He may go for the stadium as this is the main thing he can make money on.

Ian

Ian

2 and 3 above the last entry, correctamundo as why would anyone destroy the intangible asset that is the fan base and accept zilch by liquidating the club and all it owns

14 Feb 2012 18:20:44
paul murry has asked the administrators what it will take to get the club but says he cant do it himself

I cant belive some of you guys. Am a Celtic fan but you lot burried your heads in the sand about the trouble you are in. The old board put you in this mess so why would you want any of that lot with the exception of John Greg anywhere near the club. Btw i also think whyte knows what he is doing and has a few tricks up his sleev. Next year you will be debt free with money to spend.

At least a hundred million, he`s dreaming!

Old board put us in this mess nort _Craig Whyte

No...Paul Murray is meant to be a business man? How can he turn up tomorrow and ask how much for the club? The club dont even know until the findings of the tax casd are decided and what rangers potential liabilities are...one clown to another!

Maybe debt free but no players once administration is finished don't know what to make of whyte

U think ? i dont ,he has been involved with 22 companies and theyve all gone to the wall ,hes an assit stripper that how he makes his money ,he hasnt done what he said he would do hes put us in a worse position ,least fergus mcann did what he said he was going to do ,helps you lot,sell up and make a profit . whyte is driving the final nails in and going to make a lot of money out of it

Don't talk garbage, it is the duty of the administrator to get the best possible deal for the creditors, that means if Paul Murray bids more to buy than whyte then he can and hmrc will still get pence in the pound

Brilliant! a new murray rides to the rescue! HMRC will not agree to a pence in the pound deal.stop grasping at anybody with a couple of quid

14 Feb 2012 18:13:26
mark guidi on clyde 1 tonight saying craig whyte will UNDOUBTEDLY put rangers into liquidation and the debt is rising

Said it before and I will say it again Whyte is a crook who has no interest in whats best for Rangers the move today was all about him making sure he gets paid out .Really cant believe you guys have not got a lynch mob out looking for him

With the FTT liability outstanding and HMRC basically waiting on the club coming out of admin to put them back in only liquidation can bring this to an end

Oh come on! That's not actually what he said. He said, and read this carefully: "at the moment" that's the only outcome HE can see.

I beleive this was his plan in the first place

Your right but he later goes on to see rangers will go into liquidation(i personally can't see it)

Och , dont listen to him hes a doom merchant, never has anything good to say about rangers,

From what I gather (and I hope I’m right) – If Whyte transfers all his assets (players, Ibrox, Murray Park etc.) to this phoenix company and then liquidates the company he has which owns Rangers, then assumes control of Rangers again with the phoenix company - Not only will we be debt-free (HMRC can’t deduct tax from a company that doesn’t exist anymore), but we’ll have the Ticketus money, £9m PAYE money and the rest to inject into the club again. Fans wouldn’t really notice a difference on the pitch. I believe a similar thing happened with Leeds United in 2007? It doesn’t matter what the company is called either, if it acquires Rangers FC – it will still be Rangers FC unless the naming rights are sold (which they won’t be). It may not be pretty, but apparently it’s legal.

As I said, I hope this is the plan and has been since day 1. If so, a lot of people are going to feel like numpties.

Putting all the monies into a phoenix company and then liquidating rangers etc. is fraud ....no way will whyte get away with this

14 Feb 2012 17:54:42
We should have listened to alister johnston now the real truth is coming out Whyte you a 1 b.....d

Mr johnston seems to be the only one that told the truth and really cared about rangers.

He didn't care enough to put his money where his mouth was until the last minute. Was this just show as he knew whyte deal was near completion.

Alistair johnston was head of a board which done little to help our situation along wi Mr Suntan Martin Bain, who incidentally tried to sue his beloved RFC but ended up walking away with 1/2m quid in his hip.

Was Mr Johnston not put on the board after SDM had racked up the debt. If that is the case then whilst its true he oversaw a poor(ish) financial period was he not responsible for reducing the overall debt? (Ed - any thoughts on this?) Also the EBT scheme was already in place when he joined the board. It does look like Mr Whyte is asset stripping our club. GET HIM TO F*CK

Remember johnston was chairman who took on a Rangers supporter from the bank, and helped to reduce overall escalating debt, he is ok in my books and will be instrumental in recruiting the future board

14 Feb 2012 17:30:47
some xpert on sky sports basically saying whyte has shafted us ,also not sure if i caught him right but now that we have gone into administration there are some serious parties looking at us now cause we will be debt freeish so the word is in the city

I saw that interview to sounded good but lets see if it really does happen

Well i hope so, i was all up for giving CW a chance, but after finding out he hasnt paid 9m n tax!! What has he done sfa. HE NEEDS TO CRAWL BACK IN THE HOLE HE CAME FROM!!

Hmrc will not walk away they will get their money some how m8

Unless we can agree a CVA then we are f***ed, if our creditors vote NO to agreeing a CVA then we will go into liquidation, that is the next step, it can only go TWO ways
1: We agree a CVA with creditors and continue to play
2: Creditors vote NO and we get forced into liquidation

RTID

Until rangers 1873 are liquidated they remain liable for the outcome of FTT. The club is only in administration and this is not related to the big tax case so there is no scope for any buyers to come in unless they accept the potential £75 million liability. Highly unlikely dont you think

Unless they over a better deal than whyte ?

True RTID and with the biggest creditor being the shyte knight, then he is cut loose with what he agreed to start with last March (he is a patsy remember) and the other creditors will get a percentage, and it will work out as the cheaper option.

Why when the revenue generated by a business as big as Rangers, would it be in anyones interest to close the stream down and get nowt. This club is guilty if anything, of not maximising its marketing and so there is a huge benefit in keeping it alive, albeit after shafting the innocent HMRC

14 Feb 2012 17:10:04
Administrator confirms that since Whyte took over no PAYE, NI and VAT have been paid, amounting to £9m.

Ed, do u think answers will now come out regarding where the loans money, season ticket money and jela money has gone now that we're in the administrators hands {Ed001's Note - it should do.}

14 Feb 2012 16:55:32
It may just be coincidence, but do people realise that one of the "advisors" used by Whyte at the time of the takeover is David Grier. He was later appointed as a director I believe, he just happens to be a partner in Duff and Phelps, the company looking after our administration. Some coincidence though! Another "director" Gary Withey, is a solicitor who had experience in the buyout and collapse of Crystal Palace in 1998. Makes you wonder.

Since day one this has been Whyte's goal. Bar steward

I think whyte knows exactly what he is doing ...9 million more in debt since he took over ?? why has he not being paying VAT or PAYE ?? cause he knows exactly what hes up to hes ripping our country off for multi millions hes taking 75 + million out of the public purse ... i hope it all goes wrong for him and he ends up in prison the man is nothing short of a thief .... SCOTLANDS REAL SHAME

Did whyte not say that he had a plan inplace for every eventuality?

Whyte will take us through this and we will be in a better state than what we where when he came. nobody else was going to step up and do it and are you forgetting the bank would have done this last may if it wasnt for whyte. this way its rangers chosen administrators not ones appointed to us by the banks of whoever. i trust whyte and back him i dont think hes going to leave us in trouble./biggles

14 Feb 2012 16:29:18
All Rangers fans attending Saturday's game against Kilmarnock, if possible please be in your seats an hour before kick off to show your support and loyalty in the face of adversity. Bring Flags, scarves and banners, make Ibrox rock and send out a message to those wanting to see out demise! We are the people !

Lets create a big atmosphere the worlds eyes will be on us !!

That's a great idea mate I will be there , follow follow

This is exactly what we need to do stand as one in this dark hour and unite behind our club and team we cannot change the past we must look to the future and come out the other side a united force

Well lets not start the old "party songs" eh

I for one wont be there!!! I'm a police officer!!!

Yes we will be their give the team the biggest roar they have ever had watp in ally we trust ... Kenny

Hope this message gets round the bears....its important the place is not only bouncing but bursting at the seams.

Are you all mad. Boycott the place , get White out of the door as quick as you can. Then somebody new can move in and restore the club to former glories. Why have you all waited till its too late to show your support. Celtic fans raised awareness of the incompatence of the old board for over a year before the played a major part in removing them and moving forward. Smell the coffee.

Why not take your chequebooks along?50,000 fans, £100 each amounts to £5,000,000. £200 each pays the £10m shortfall. How much do the bears value their team?

Give the team the support but give the board hell at front door after the game

Thats a great idea. Would love it if that happened. We must support the team and the club. Rangers are not Whyte, and Whyte will never be Rangers. He's a con man. We're better than that and must show that B*****D.

We showed our support going to manchester lets unite in our hour of need on sat and fill the stadium and streets around ibrox watp

I will be er Gers till I die WATP

To above post, we all remember what support you took to manchester lets hope you dont do that again lol

The players, the football club & ally mccoist need us now more than they ever did. so lets show what real fans are all about and give the team the backing they need & deserve.

Yeah manchester did get a bit messy but they sure knew we were there, thats what we need on saturday and every other week for that matter

14 Feb 2012 15:44:13
If we've got a game at the weekend (let's be honest nobody actually knows if it will go ahead yet) we need to turn up in our thousands with no negativity as hard as it might be. We need to show serious support for our club and players regardless of what we might think of our board. This is our time to step up as fans and show the watching world what we are all about. We are known all over the world as being loyal supporters so lets stick with that and help get our club through this horrible time.

Big GL

If you's are known all over the world as loyal supporters, then what happened at the Dundee United game? 17,000 Loyal supporters ha ha ha ha

That's correct am travelling from Coleraine in northern Ireland for Saturdays game we need to have a good turn out and get a good atmosphere created in the ground

Here here mate,thats the only thing we can effect,show your love for the club,overrides the negativity of the situation,

Totally agree this is about showing how we are true blue and not all about trophies

I can remember a game not so long ago at c*ltic park where the top tiers of the stadium were closed there was so few fans in, not so loyal yerselves when yer teams in trouble! RTID

Will be there in the top tier Cop rear with every bit of red, white and blue in the hoose and please Bears, lets not resort to dodgy songs, lets show the world that we are the Famous Glasgow Rangers, and we are respected the world over.

Oh its the blue, blue blue seas of Ibrox

14 Feb 2012 15:29:05
I know it's not of upmost importance, but where does this leave Big Cousin?

Dark, dark days my friends!!

He got international clearance this morning and signed which could make him the first player to sign for a club on the same day as the club went in to administration

It's up to phelps an co now... 1st all dead wood gone... bye bye smudger smith...then they'll move through our fringe players an so on down the club to the cleaner..some big earners are bound to go aswell so first of I'd say whittakers 20-25k a week will be first to go.. Wonder if we will be out of admin by march31 st because Scotland need some one to get co-effeciance points... the mhanky mob don't manage it. PaulRFC

I find it hard to believe he will have signed. His agent has surely advised him against it. There is now no guarantee that he will be paid. Also, administration was known about before it happened and I'm pretty sure that the soon to be administrator would not sanction the spend. It remains to be seen what the truth is.

1 win in 26 games that certainly gained us some points. Remember trying to buy the big cup put you in this position

The previous embarrassing sequence of statements surrounding the payment of 5k a week wages for Cousins will start to pale into significance when the salaries of the current first team don't make it to their accounts on time. This looks odds on to happen in the next couple of months. Dark clouds looming on every horizon.

14 Feb 2012 15:10:37
The first players to be relised will be loan players and any new players not tied up for next season so Bartley Cousin and Aluko will be relised immedietly followed by any players that are deemed dispensible to enable bare minimum of squad to remain. The players with resale value McGregor Naismith ect will be retained till summer when some money would be involved. With all clubs aware of the finacial situation these players are unlikely to go for full estimated value.

We already have bare min squad as it is

Do you just sit and make things up to what you might actually think will happen?

We will be out of administration before the end of the season

14 Feb 2012 14:53:54
Rangers in administration.

It would have been better if the Court had appointed an independent administrator as at least everything would have been above board, albeit brutal.

The person Whyte has appointed as administrator was with Whyte on the day he took over at Ibox, so clearly in Whyte's plans from day one. God knows what the two scheming rats will be upto to bleed Rangers dry. A sad, sad, day.

Fiasco. David Murray has much to answer for...I fear you are very right...it's all been a plot from day 1

Agree its funny when hmrc were gonna put us into admin, whyte jumps and does it... would rather independant aswell , brokenhearted craig+babybear

What you're all failing to realise is this: If Craig Whyte doesn't put us into admin before HMRC do, he loses his position as secured creditor. As far as I can make out, HMRC are now an unsecured creditor. An 'independent' administration, as you claim to favour, ensures that HMRC are right at the top of secured creditors and a tax liability of (let's just say worst case) £75million will almost certainly ensure liquidation: If they don't get their money THEY fold the club. At least this way Whyte has a bargaining tool - accept a deal or HE'LL fold the club and HMRC get nothing... I know which one seems more sensible to me.

14 Feb 2012 14:38:31
With all this money missing since Mr Tight took over, is he going to use some of his other companies to buy back assets from adminustrators using the money and sell the whole lot on for a tidy profit? Yes David Murray was wrong in what he did but this man Whyte is a crook. Hope Ibrox is packed on Saturday and we let him know what we think, if he shows his face.

Maybe u should join the celtic fans we dont need a fan like u whyte trying to save us when no 1 eles cared he may have made been unfulfilled promise dose every one do every last thing they say the only way rangers could go was down this road and maybe ppl need to take it easy on whyte its not his fault hes trying to save us

God forbid - but the place might be closed Saturday !!

14 Feb 2012 14:00:00
If Rangers go into administration then the players on big wages will be released from their contracts. Rangers will not hold on to a player earning £20k a week in the hope they get £2m in the summer. McGregor, Davis, Whittaker, Lafferty will all be released and will be free agents who can sign for any other club.

Young players who are out on loan will need to be recalled so that we have a minimum squad to play our games.

We will also stay in the SPL as we will only receive the 10 point penalty under SPL rules but if we go into liquidation then we will be demoted to the 3rd division if we survive.

Tough times ahead but if the clubs survives then it will be worth it.

The Pilot!

At last a fellow bear seeing the clear picture
100% agree with the Pilot
well said mate
WG

All contracts will still be valid if administrator says they can be paid.

only player off straight away will be bartley as hes on loan they are always first out the door,.

Wrong about big name players, they will be seen as main assets and therefore not let go for free. It will be fringe/mid level earners that will be freed in the very short term.
Insolvency will happen. 100% THE END

You could also include the older players in that list too, Bocanegra, Goian, Alexander McCulloch, Papac........ Then the likes of MacKay, Bedoya and Aluko all moving on too. The best we could hope for would be any Hearts players that they release and we can afford and YOUTHS............... Depressed doesn't even begin to describe what this means to me. The big thing for the deluded masses who are swarming on here gloating, is that you lot will downsize too, and don't kid yourself that that won't happen. LIEWELL ain't going to pay top dollar to beat Rangers youths, you are about to halve your garbage squad of 40 players as a result of this, your top earners will be sold off to any English clubs daft enough to want any of them. Don't kid yourselves on this won't happen Timothy, it WILL !! Administration may save us, and bring you lot down a few pegs................. AGerForLife

A ger for life that wont be long then stop going on about celtic think back to 94 you never gloated hoped for us to fall come on now its your turn to suffer for a few years suck it up what goes around comes around , at least you wont go out of buisness, may be good thing this admin , but as a celtic fsn whyte not man to do it for yous

It's more likely the administrator will ring fence our main assets like players to sell in the transfer window. remember there job is to get as much money for the creditors as possible

If the taxman got his way this morning and the court appointed administrators then it would have been brutal but we did it off our own backs therefore might not be so brutal watp

@Agerforlife (aka a ger for a few more weeks)

Don't worry about Celtic, they'll still be there when a new entity emerges in division 3. No one cares what happens to Rangers, only Rangers fans.
Life will go on and the league will go on (but not for Rangers) LMFAO!!

@ the two nameless wooden tops, no I never gloated about you lot back in'94, the difference between me and you is that I don't and never have given a flying for your team........ I saying as it is, this will impact on the WHOLE of Scottish football, so enjoy your gloating because it will come back to haunt you. AGerForLife

Erm, you understand what the term liquidation means right? We wouldn't be 'demoted' to the third division. We'd cease to exist at all. A NEW club could start up but they'd have to join at the very bottom. There'd be no demotion.

You can't do that, all football assets are retained untill they can be sold. Contracts are football assets its the staff that go first, and the suppliers including police get in line

To the poster who referred to previous
@wooden...
That's exactly why we, the new champions, cldnt careless what happens to yo
End of day, what happened to all the money
Put in since whyte took over ? Where r u spiralling to in a downward motion with this guy?

14 Feb 2012 13:56:13
We have got to 3.30 this afternoon to appoint our own administrator. If we fail to do so it will be HMRC who will appoint their choice. Quite possible that this is the most important 90 mins in our Great Clubs History. COME ON THE GERS !

HMRC's administrator might be more likely to get rid of Whyte - no bad thing

"COME ON THE GERS"...buffoon. Rangers fans really ought to assess what is going on here and consider how far they are going to follow a club that is on a path to ruin, and have been lied to consistently over the past few years about the situation.

its a complete fiasco.

14 Feb 2012 13:45:01
RFC to appoint administrators by 3.30 pm today or HMRC case to appoint administrators stands.

Who ever the person is who has marked this as unbelievable is clueless.

14 Feb 2012 13:36:14
UPDATE - Rangers and HMRC are locked in a battle this afternoon in the courst of session - It has come out, during the recess, that Rangers will enter administration today if they can appoint there own administrators and not allow HMRC to appoint there preferred administrators.

The next question is, will this lead to certain liquidation of the club?

Just seen on stv news Whyte has not been paying owed taxes since he took over in May.What the F*** are you playing at Whyte.

Administration is sought to prevent Liquidation. If HMRC wanted us Liquidated they would have applied for that and not administration.

Obviously if Whyte gets his way and can appoint an administrator of his choosing you'd have to imagine they'd be more sympathetic to Whyte's cause.On the other hand HMRC are looking to get max cashback by appointing their choice of admin.What a sorry mess

Administrator has to act in the interest of creditors. If doesn't expect to see them back in court. This could run and run.

What an embarrassment, fighting over WHO puts the club into administration first.....what shame......dignity ? Disgusting.

14 Feb 2012 12:18:38
Ed administration is certain and with your help could you clarify if possible

can players be sold out with transfer window if the selling club is in administration?

WG {Ed001's Note - deals can be agreed and fees paid outside of the window for a transfer to take place as soon as the buying club's transfer window opens.}

The only way this can happen is like in the instance of Cousin...if Rangers tear up contracts, or players walk away, they can sign for another club as a free agent (this will likely happen to quite a few players)

14 Feb 2012 13:14:30
saturdays game v killie has major doubts over going ahead. strathclyde police have serious concerns over wether rangers will be able to pay the policing bill.this will also apply to outside stewarding costs.all companies dealing with rangers will now be dealing on a cash only basis, you had a sniff of this ed? by the way great work keeping up with this.

That is a load of rubbish. The stewards company has a contract with the SPL and Strathclyde police will have a contract with Rangers. Games are not done on a game to game basis.

Wrong. The game is certainly in doubt

No it's not the papers r just talkin nonsense as usual, if we can't pay the police how could we afford to pay cousin 7.5k a week then eh bigman?eh? *ksd*

14 Feb 2012 12:18:57
was on real radio like 15 mins i got told that hmrc are in court trying to put us into liquidation what i got told on the phone there
AndyBear98

I heard it was admin but either way it doesnt look good was on sport news on talksport. craig+babybear

Administration sorry said liquidation ment to say admin sorry guys
AndyBear98

I heard it, not liquidation, administration, this is good for rangers people, we need to get them off our back 1 way or another, oh btw, sell mcgregor and Davis use the 6 from jella you have 15 million to give them already, we have alexander and we dont need Davis just now we can replace when financially balanced, were getting a 10pt deduction and possibly out of europe anyway so we dont need there wages that equal 50k p/w + bonuses to the club, just a point!

Are you kidding?the jelavic money has long gone,mcgregor=3-5m,davis=1.5-2m.HMRC have applied for their own administrator cos they think rangers are technically insolvent right now.

Rangers want to go into admin and not let HMRC get to do it first as they would then be able to dictate the administration.

They cant it is administration they are in court for. Ed can you answer this. Does this mean the judges in the hmrc v rangers tax case have made a decision. {Ed001's Note - it is a response to Rangers attempts to go into admin for themselves, HMRC are simply ensuring they get administrators of their choice and under their auspices.}

HMRC have appointed a representitive to liquidate rangers and all its possesions with   Immediate  effect!

Mr Whyte better move very sharpish
HMRC seem to know his tricks

Whyte not paid Tax from Rangers since May. Admin inevatable within hours rather than days. If the HMRC win it F~cks Whtye big time.

Last poster is right ,the admin issue is not about whats best for Rangers it is whats best for whyte,if he appoints the admin he is the secured creditor if not he stands to lose a fair bit. If I am being honest it would be best for Rangers if the tax man wins at least they have no hidden agenda unlike whyte who is a crook and is only in it for the money

14 Feb 2012 12:13:23
Is anyone going up to Ibrox today to voice their concern? To put it politely.

Like last nights mass protest? pathetic

No chance, you lot don't really care when it comes down to it.

I think the game on Saturday will be the perfect opportunity to voice our concerns.....expect to see some angry fans at the main doors this weekend

TTG

We should but I think Saturday is the perfect platform to voice our opinion! Although I am up for it if there are people going!

Some angry fans on sat......
just another day in castle grey skull then?
Hair hail bhoy!

I live in ulster and am a season ticket holder in the Copland front every bear should turn out on sat and support there team more than ever ! We all need to stand up a be counted I hope we get a good atmosphere at ibrox on sat because it's been s**te al season !

14 Feb 2012 11:40:00
SKY Sports reporting HMRC wants to put Rangers into administration. As if yesterday wasn't bad enough. Ed, any ideas exactly what that means? {Ed001's Note - just that they get to appoint their own administrators rather than one of Rangers choosing.}

Makes no difference because tht administrator has to work just as hard its niot like hmrc can tell him to do nothing as rangers could do to court and get him removed he has to help rangers in every way also b

Although HMRC are wanting to appoint there own administrators they are also governed by the law of the land it will be up to a judge to decide.

Is this a worrying development?

Looks like HMRC just called CW's bluff?

What happens to our season tickets next year will they be cheaper if we have to watch a poorer team for a season or two?

Whytes past has caught up with him.HMRC are beffo gonna win this case and im sure their administrator will be ruthless.

HMRC had to do something.Do you think they are going to sit back and say, Yip on you go you put yourself into administration and we will take 10p in the pound. They got their arse felt with Portsmouth 2 years ago and are not going to let it happen again without a fight.

Plus the fact that if they are going to chase clubs in England for the same debts then it shows that they are willing to fight hard to get what they are owed.

The Pilot!

In response to your Season ticket talk....I would pay more to keep our club going ...get a grip ffs...

Not been to Ibrox in 25years. But I would gladdly donate just to keep them up.

14 Feb 2012 10:27:31
8 current epl teams have used/still use ebts and face similar investigation according to andy gray on talk sport(reading article from telegraph). looks like we are indeed a trial case for hmrc.
j1985

Lots of companies throughout the uk use EBT's the problem we have is that we are meant to have been using it wrongly (bending the rules).

Hmrc dont get it if we go into admin they get like 10p to a £

You dont get it! HMRC are gonna be running the admin.liquidation a real possibility

Lol hmrc don't get it. so you understand this and her majesty revenue and customs lawyers, solicitors,financial advisers and so on are wrong and they don't relies whats happening lol they will force us into admin and become the main creditor meaning they HMRC`S appointed administrators will asset strip the club making sure they get every penny owed to them. but just hope hmrc dont read this as they might not have known this./biggles

Yous dont get it administrator dosent / wont work for hmrc's benefit .They have to by law work for benefit of company in admin.So timmy calm down and get of your high horse , we have decided to give you title this season as even as we have been skint for years we were running away from you. Also celtic are 7 million in debt, their fans hoping for Gers to go under, so if that did happen sky will pull out of scotland and espn, as well as 3 qualifying rounds for champions league and we all know eltics record in europe!, haa celtic fans should watch what they hope for! see you in admin in a few years,liewell kidding no one .

Yeah we are in debt but not to tax man and we actually made a profit. Celtics record in Europe is 1 European Cup. Your club is on verge of death and you say you are just giving league to us this year, try next 5 minimum.

Oh I can feel your pain in every syllable mate. And no HMRC do not work for the benefit of the company, they work for the benefit of the taxpayer. As HMRC are owed more than 25% of the debt they can pretty much call the shots on what happens. And Rangers don't have assets amounting to £75m, Murray Park has a clause with the local council that the land cannot be sold and used to build houses so loses any value there and Ibrox has serious restrictions on what can be done with it due to it's listed status. Liquidation looks like the only avenue open

He didn't say HMRC work for the benefit of the company, he said the administrators do. Illiterate numptie.

14 Feb 2012 09:28:32
Hey if rangers have got no money how can they pay for policing and catering at the game on saturday

Please people, its not as if there is 5p in Celtic's old biscuit tin, there is still an operating budget to fufill our obligations, catering has been outsourced anyway, its not like there is no money to do anything, players will still be paid and certain obligations will still have to be met!

Cash only whyte cant be trusted ,he is screwing evryone from tax man to small buisness and last but not least the Rangers support

14 Feb 2012 08:24:50
Does anybody know the point in signing Cousin? If we go into administration and go 14 points behind the league is over. There is no way they will drop points in 5 games. So might as well play Hemmings between now and seasons end. Really wonder if this is Whyte just playing his first hand and see what develops. I'm not in denial of the situation, just find the Cousin signing a strange one now.

Title may be over but not til the fat lady sings ? Also need to finish 2nd for Europe

Cousin would become an asset that the only viable thing

14 Feb 2012 03:32:13
Who is going to save our club ? us or leave it to chance what a bunch of lightweights now i understand 1 or 2 of us really care save your energy for the next old firm game probably be your last good luck to you and good riddance to you ashamed to report that you really don't care that much for our club. Celtic supporters would have delivered their life savings by now, what a bunch neanderthals we are

Simple as we either come out debt free or we dont exist

The situation with celtic when Mccann came in to save them was far more simple. This is too big for supporters to take any action. A possible £75 million tax bill plus everything else that needs paid (ticketus, player fees, other tax bills) would put the figure owed at over £100million. I believe this has been the plan all along, Murray didn't want to be the one to put it into admin so got whyte in to do it. He comes in and looks like a hero.

The situation with celtic when Mccann came in to save them was far more simple. This is too big for supporters to take any action. A possible £75 million tax bill plus everything else that needs paid (ticketus, player fees, other tax bills) would put the figure owed at over £100million. I believe this has been the plan all along, Murray didn't want to be the one to put it into admin so got whyte in to do it. He comes in and looks like a hero.

13 Feb 2012 23:44:09
just a rumour I heard - Graeme sounded heading up a consortium to buy gers- or invest in gers.

he has previously tried to buy wolves

ryanrfc

Dont think anyone can buy as shares trading is suspended

Lubo25

Shares trading not suspended - rangers removed themselves from the - private deals can still be done