Rangers Rumours Archive May 18 2012

 

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18 May 2012 22:34:21
Who is this guy Kerr. I for one have never asked for him to speak for me. He is a liability and makes us look a joke every time he appears on tv.

Stu

Believable36 Unbelievable12

Well said, these (so called fans) groups do not represent the majority of rangers fans. They are becoming a major embarresment and hindrence when it comes to sorting out this mess, and they are ruining any chance that we may have of creating any sort of positive global brand.
They are totally wrong to ask players (who have already given up most of their contracted wages) to abandon their country, no european football - no signings - and fans not supporing them playing for Scotland, we may as well tell them to leavew the club now.
I for one will support Mcgregor, Wallace, and Whittaker with whatever they choose and sincerely hope that they know the majority of fans think like this (and not what these self proclaimed representatives think). I really hope that they will still be Rangers players next season because we need them - we cannot expect them to sacrifice their entire careers..
So if anyone reading this is an affiliate of one of these groups - pleasde stop embarresing our club and driving players and investors away, and leave Green alone to get on with the job. If you drive him away like you did Miller YOU will be responsible for killing our club.

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Who andy ya know kerr, as you say who is he a representative of, certainly not me. Just had his ten seconds of fame, hope that's it

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They need put in there place. They are not the sole spokespersons for Rangers and never will be. Rangers should inform the press of this and tell them any more comments from them will not be a attributed to the club. It is as you say embarrassing. And isn't helping one bit.

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Well said bears , all us neutrals know these clowns aren't real reps but unfortunately their rabble rousing gets a lot of press, they are as guilty of noses in the trough as the blazers. The Celtic fan clubs organised well in their time of need

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These are the same people who had the "No Thanks Yanks" mentality, in the long run they will do more harm than good

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I think mr kerr a wee bit jealous of that other person mr dingwall but it dosnt help when a legend like sandy jardine gets involved because then everyone thinks it does represent rangers views

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He is the guy who brought more shame on the club when he got caught drink driving after the killie game.the first game after the club went into administration

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Well said everyone, I must ask though, is he elected into his "position", or has he just decided he will be the voice of the people?!

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Sandy Jardine, should tell them all to merge into as he Said" One Voice" then other fans might think of joining and we could vote for a spokesperson this might not frighten off potential buyers, and curb the idiots

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Its okat dissing the guy but why not start a fan group for the majority of fans doesnt have to be an official one just to show the support thats there because as you said above mr kerr doesnt seem too popular. a website could be started and get people to sign up by using email addresses. BALLYBOY

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Totally agree with all of the above he needs to shut up , he is embarrassing every time he opens his mouth, we keep asking for a fair hearing yet hes on about threats and boycotts, which can't go down well

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I agree, these guys don't talk for me.You can't ask anybody not to turn out for there country.I think they have done enoegh for there club by taking a huge pay cut,and to put signs up at a guy willing to buy the club and tell him to go home is just shocking.Ok Mr Miller might not have been the right guy to take us forward but he was willing.As for Mr Green he has 20 million put by but only got 5 or 6 signed up that's a bit puzzling is it not.I agree with Ballyboy if he starts up a new fan club or group for proper Rangers fans that have got the right mind set after all Murray and Whyte are to blame for this whole mess the sfa can't get them then they will get Rangers plain and simple.So the best thing is to get on with it,And if any Rangers fan wants to go to away games i would not stop them as to quote from that famous song "anywhere,everywhere we will follow on"so if Ballyboy wishes to start a new fans group then i for 1 will join him.

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Total and utter rubbish statements in regard to Andy Kerr . This man lives and breathes Rangers and has done all he can to help the process of the sale of Rangers . To slander the man in this manner is disgusting . I know Andy is a great guy and he only wants the best for Rangers as we all di . This man travels hours to get to every single game home or away from England , do ll those of you making these comments do the same ? I doubt it ! Anyway we should be unified at this time not attacking individuals

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Just because u know him doesn't mean he's not an embarresment to this once proud club.

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If you don't feel he is speaking for you while claiming he does it is your right and your duty to say so!

He may be a great guy dedicated to the club, so was John Greg but he didn't make a great manager!

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You say he doesn't speak for the majority of fans but 99% of the rangers fans on my fb are spouting the same stuff

Was out last night and got into a debate with a rangers fan (intimidating for a woman like me haha) and he's saying the same! Boycott all away games, screw the smaller teams, don't care if they suffer, we're too big a team to be treated like this blah blah blah

Sick reading the same thing over and over. I feel for some rangers fans, but the majority I know are complete tools re recent events.

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18 May 2012 22:28:35
Why cant we just look for boys under 18, our scouts are good enough, surely we can pick up a you fagrebas or torres with some good scouting. We can then sell them for profit. Thats the way barcelona and some of the other clubs do it. This could be the best thing to happen to us. Ggb

Believable27 Unbelievable24

Rangers will be a very good place for any up and coming stars of the future to put themselves in the picture. Never no we might get a few good one's. Where as in the past they might not have came, thinking they wont get a game(might be a blessing in disguise) Hopeful bear

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Do we even have scouts anymore.

BN

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Your on the right track mate. and your thought are refreshing, forward thinking and optimistic. I agree

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Dont kid yourself the scouting at Rangers is absolutely shocking.
I know who they are.

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Murray park isn't exactly brimming with talent ! So much for your scouts !

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As a Celtic fan I hope you do get good young players in it will force Celtic to keep ahead by spending on youth development. Sadly I think you have no suitable scouting system in place and it will take years for a youth restructure to bear fruit. Barcelona have had an excellent youth set up in place since Cryuff was manager so the players are there from an early age.
DB77

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Youth is the way forward in Rangers situation. My fear is that all our experienced players go,and we are left with a very small nucleus of experienced players. The only one who we can totally rely on is Lee McCullough. If we get through one season of embargo,then it will be diificult to get in new players,as we will no doubt be banned from Europe for a few more seasons. Wage structures will also be less attractive.

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The problem is our scouts AREN'T good enough, something i've been saying for years. much like rangers inability to promote the club globally unlike celtic. our club has been run abyssmally for too long and we can't rely on kids cause we'' just get religated.

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With regards to the original poster are you having a laugh! EVERY club in europe has TOP scouts & HUGE budgets for trying to recruit the very best young players, why on earth would any right minded young player want to be associated let alone sign for rangers after the way they have been found out? & are now deemed as pariahs, cheats & totally untrustworthy!

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Couldn't agree more. There are some decent 18year olds out there who can hold their own in the SPL. It just do we have anybody out ther who can recognise talent? If we do it could be the making of us.

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Let's be honest with ourselves the Scottish youth is more likely to be into bevvy and birds. It's one thing to find them, it's another thing entirely to keep them totally focused as well as grounded and not caught up in their own hype.

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"a young fabregas"......ahah Ive never heard something as funny and delusional in all my years as a Gers fan.

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18 May 2012 21:13:08
Leicester in for Naismith 2 mill

Believable38 Unbelievable30

As Bob Marley once said, "Exodus..........................movement of the 'Peepul'!"

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A think you will find it was actually "movement of ja people"

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With the position rangers are in at the moment I find it hard to believe a £2m offer for any one player, maybe its a 3for1 deal

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Subject to medical ???

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He def won't end up there. Regardless of his injury the wee man is class and will only go to the EPL. Even in our precarious situation he won't leave for less than £2m. Really hope we can keep hold of players like him and greegs......

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Second poster,i think you will find it's "jah" people..........green jhedi

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He may well leave rangers but he certainly won't goto leicester. teams like sunderland, everton and west brom are sniffing.

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He is not worth more than 500k get real

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18 May 2012 21:03:32
Just a wee bit of clarification over Green's speech, he said Rangers formed prior to the days of incorporation, correct, he said Rangers re registered, kinda correct but a bit misleading, and that a new Co was no different.
I dont think Rangers history disappears if there is a new Co, because history is etched in minds, hearts successes and failures, families, fans, bereaved, joy, sorrow and every other curse that goes with being a fan of the Old Firm. But......
If there is a new company then there is a new company, a new company number, when you check the history of that company in the registers of this land then it will say "incorporated 2012" company history company events etc will be 2012, there is no getting away from this, in the same way that despite the re-registration alluded to by Green the company registration number of Rangers is SC004276, and the date this came into existence is 27/05/1899.
You cant have the argument both ways, either history is an intangible not linked to corporate structures and so this doesnt matter, or you can say that a new company wipes history. You cant argue this is the same as a flotation or reregistration.
I ramble but i ramble right.
Nevis

Believable33 Unbelievable12

U dress it up anyway u like LIQUIDATION or NEWCO next seasons fixtures will read stranraer v new rangers lol

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What part was it that made you think i was dressing anything up? Was it the multi syllabary of intangible or my lack of text speak? LMFAO, i'm just a sk8tr boi, there are no stupid responses just stupid people
Nevis

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Nevis what the commenter was saying was.

Whyte Knight , Blue Knights or Green Knights plan was always to Liquidate.

Best way to avoid the massive debt and make the most money eventually for the owners..

The only people duped has been the fans.
The rest, owners, directors and managers past and present have known for years.

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Let all these poor delusional rangers fans try to hang on to their magnificent history IE sectarianism, bigotry, theft, the wrecking of towns and cities all over Europe. You are correct ! The fact is IT IS A NEW COMPANY therefore history starts at the date of incorporation !

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So what your saying is rangers history should start from 1899 n not 1872

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Sad to see once again our site invaded by Celtic fans full of knowledge of what should befall Rangers Football Club .I would suggest the best Legal Establishments in Scotland will probably not agree what is the best direction to follow. However take time off to enjoy your single win , you declared war on Scottish football last year , now Lawell tells Regan what to do you can rule Scottish football till we return , and we will. I remember every glorious moment of my Rangers life especially when we do yous, remember how you felt when i felt so good. When you go to sleep remember we will be back unless you kill us, and we know thats what you want because we will be back large Highland Malts all round . Rangers till i die.

Highland Bear

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I never understood this great history & traditions, all I can think of is religous bigotry, i remember all the peepil ripping up season tickets and refusing to go back and how the great traditions were abused when they signed Mo Johnstone.

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New Company Number means totally New Company.

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BBC 1 , Wednesday evening , get ready for it , the wee red bricks will be crumbling when the stark reality of what Rangers have been doing for years finally gets broadcast

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I really hope this programme is all its hyped up to be, bet it just goes over old ground and, things everyone already knows. we will soon see

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"newco" = new company does it?

so why do all punishments transfer to "newco" for what rangers have done?

the punishments are the price of keeping our history.

if "newco" isnt rangers then how can it be punished?

you cant pick and choose what history transfers, its all or nothing.

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Even if we are relegated as a newco, the quick promotion will still show our class and determination, and we will just show winning is still in the rangers whatever the new name and when they merge the two (oldco/newco) after all debts paid in the oldco we will have added more trophies to the dressing room WATP!!!

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I think most posters on here dont fully understand what a "newco" really is.

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The Rangers Football Club plc was established in Glasgow in 1873 and celebrated 100 years as a limited company on 27 May 1999.

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18 May 2012 18:26:25
here is an attempt to clarify the EBT situation. there seems to be people who think the cheating aspect is about tax avoidance. it is not.

uefa and sfa rules state that all payments made to players must be in their contract, which can be altered any time for one off bonuses etc.

an EBT was a tax avoidance scheme where companies made offshore loans to employees without time limit.
the only point of an EBT was to avoid tax.
however if the EBT money had been in the contract it would have become taxable, so it would be pointless.

therefore the logical conclusion is that rangers players did not have the EBT payment in their contract.

this means it was an uncontracted payment and the players were not eligible to play under uefa and sfa rules.
so as far as uefa registered football players are concerned the EBT system was always a non-starter. a phone call to uefa would have clarified it i'm sure.

i would love it if someone could contradict this.

Believable37 Unbelievable24

Surely, if this is correct, and i am sure it is then wouldnt murray have a case against solicitors or accountants who advised on this ?

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Players dont have private personal appearance money written into contarcts either. Which I know have been paid under the table to many players of variuos cluds. If all players were to confess to such payments then the game would shut down.

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EBTs were legal and used to allow companies to issue to an employer (owner) or employees (Directors , Footballers) a loan.
A loan that was supposed to be obviously eventually paid back. The loan would be open to taxes.

These loans were never paid back and thoughts are they were never loans but alternative payments.

If so EBTs were incorrectly administered.

Thats the issue and charge.

Guilty or innocent?

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You defend Murray as if he can do no wrong....he is a very bright guy he ruled ibrox for over 20 years, when i say ruled he knew everything that went on at the club, he would have known what the EBT'S meant and how borderline they could be, he would also have known all about Whyte, take of the MIM blinkers.

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Murray was advised of this situation and choose to ignore it hoping it would never come out

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A well thanks for sorting that out in 6 simple paragraphs. why the hell have hmrc and supposedly sfa been wasting all this time investigating this when they could of just lifted the phone and gave you a call I'm sure you could of sorted it all out and saved the British tax payer thousands maybe millions. also do you seriously think uefa will accept that all rangers results are null and void therefor all competitions their players played in are null and void including euro's and world cup games??

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It's actually worse than that. THe side letters that went along with the EBTs as insisted upon by their agents, state that the EBT'loans won't ever be required to be paid back. Thus they were salary and salary is taxable. No tax paid = totally and utterly illegal under the law

Liquidation any time soon plz. Their misery is beyond the Pale

Mojo

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You just Contradicted youre own Statement.

LOAN unless there is evidence this was part of there salary not declared in there contract sent to SFA. If no second contract is found for evidence that the LOAN made up there remuneration package there is no case to answer. For years Football clubs have loaned players money 1 of the top the of my head was Matt Etherington when at West Ham to pay off Gambling debts. No second contract no rules broken

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Almost correct. The loans were not made by Rangers but by a discrectionary Employee Benefit Trust. The trust was funded by Rangers and the payments would qualify as a taxable deduction for corpporation tax. As Rangers almost certainly had taxable losses these losses (enhanced by the payments to the Trust) would be transferred to other companies in the MIH Group. David Murray's hobbie,football was being financed by the taxpayer. All legitimate but a source of annoyance to HMRC. The cost to the taxpayer? Could be around £45m.

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Watch the program on wednesday evening if David doesnt get it obstructed.

Its called Who Sold The Jersey.

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Looks like Sir David Murray was duped again.

Though he must be a incredibly lucky man in business considering how very rich he became.

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It should be pointed out however, that EBTs were a perfectly legal, legitimate and widely used means of paying money to high earning individuals in many different occupations. They were in essence a loophole in the tax system. HMRC eventually closed the loophole. But they backdated it, catching thousands of companies out.

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.....also do you seriously think uefa will accept that all rangers results are null and void therefor all competitions their players played in are null and void including euro's and world cup games?

..........................................................

No... But I think UEFA will probably administer some sort of punishment.

Maybe a fine or ban from Europe for additional years?

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Almost correct.

The Loans were never paid back so they legaly were not Loans.

Big Issue.

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It has been stated in the press that Rangers FC already know the have lost the EBT case.
Only question is the punishment if any.

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Hee Hee, i love the idea that a loan is no longer a loan because it is not paid back. Does that mean Greece has no loans?
Nevis

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....It should be pointed out however, that EBTs were a perfectly legal, legitimate and widely used means of paying money to high earning individuals in many different occupations.
.......................................

Yes if you administer them within the EBT rules and guidelines. Thats RFCs problem. They didnt.

Are you not getting the picture from most of the comments above and the press.
They are dead and buried on this one.

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No... but i think uefa will administer some sort of punishment

no thats your wishful thinking again ! dont hold your breath on uefa compromising all champions league competitions, europa/uefa cup comps euro comps and world cup comps rangers players have competed in just to appease the rangers haters. yous dont have that much sway out with the lawell run sfa.

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Gifts?
Is a gift taxable?
Just a thought.
Guess they should have been declared though.
Previously optimistic bear

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Good posts...

1. Loans are payable to trust, not rangers, so players, managers and director own the trust not ranger

2. If managed correctly ebt is legal, if side letters exist its illegal and subject to tax

3. Hmrc though rangers scheme illegal so sent ranger bill for the tax due, rangers appealed. This is what the case is about - how much does ranger owe ..... And what penalties are due, as not paying tax incurs penalties....

4. The guidance rangers used did not look like a reputable source for ebt, not a main and expense tax expert.....

5. We have ex-director saying ebt's in use loooong ago

6. Sunday sun - reported example of side letters, only 1 needed to destroy rangers defence..... And case against stiff penalties

7. Rumours that players could not get mortgage finance on salary alone as this pretty low, cos the ebt payed them most... But if regular this becomes salary and is then due for tax

It's all murky, best case rangers due small ammount

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If your employer gives you a loan and says you do not need to pay it back . I call this tax evasion. The SPL will call it tax evasion . UEFA will call it tax evasion. And if you think rangers will not receive a heavy punishment for this fraud you are living in dreamland. ! This is not Germany, England , or Italy. this is the backwater of European football . rangers are a big fish in a very small pond who don`
t matter a jot in the grand scheme of things. rangers have a lot more severe pain to come

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Thanks for all the replies. the point is not tax regulations but football ones. uefa and the sfa, insist all payments to players are above board. uefa / sfa dont play by the rules of business. i think this is what has possibly wrong footed craig whyte who is skilled in circumventing business problems. they are associations of clubs who will take sanctions against members who break their rules. it looks to me like they thought they had legally avoided paying 45m to hmrc (or us) but by the same token made massive illegal payments in a football sense. i think its a matter for the sfa as god knows what goes on elsewhere.

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Ok so if rangers are found guilty and uefa hammer us will they also hammer sfa for not knowing what was going on and reporting it ? this seems to be the logic sfa operates on.

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Players playing for international teams are contracted to the home association for those matches.

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Is a gift taxable?
.....................................

Are you trying to cheat again.
Is that the Rangers way?

Answer to your question is Yes.
(over a certain amount Gift xx thousand of pounds TAX has to be paid )

Why can the company not be honest and true and have integrity and dignity.
Instead of greed and cheating.

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All....there's a sequence in Lethal Weapon 2 where Joe Pesci (Leo Getz), is explaining to Mel Gibson & Danny Glover, how money laundering works for drug dealers.

Now while I'm not conceding that EBT's are like money laundering.

The whole rationale that a player is paid a salary, which is effectively a loan which isn't paid back, is 'sniffy' at best.


Okay, if EBT's are run correctly not a problem, but, this would to have not been the case.

Let's put all of this into a context.

HMRC chasing for unpaid taxes
Unpaid transfer fees to many clubs
Unpaid share of gate receipts to many clubs
2nd contracts
Creditors looking like only getting pennies in the pound via a CVA



All loyal 'gers out there must simply be shaking their heads.

Sure CW has a s**tload to answer for, but, he inherited a nightmare/disaster. If this club was so big, why did SDM let it go for £1...

Something is rotten in Rangers and I'm sorry to say, the only way to eradicate the smell coming from Ibrox in terms of 'iffy dealings is severe penalties.

I believe that the transfer embargo and relatively minimal fines are simply the tip of the iceberg.

If this goes sour then I fully expect UEFA to come down on Rangers like a ton of bricks.

Okay this is not exactly like match fixing, however, look at what happened to Sion and Juventus.

Perhaps better to accept a slightly worse fate by dropping down to division 3 than enduring a significantly larger amount of fines, and, bans from Europe etc.

ian

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You call it what you want mate SFA can call it what it wants & uefa too. Without proof of a second contract theres nothing they can do.Innocent until proven guilty.

If second contracts are found then Rangers are screwed.

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You have to have an outline or a payment plan as to when you are paying back the money if it is a loan. Its not borrowing money from your parents and them saying "Pay us it back when you get turned around" then you set a date to get married, then kids and eventually its forgotten or they no longer want it back and want you to spend it on a holiday or something. THIS is business and there needs to be transparency and everything in writing. SO they cant in HMRC's eyes be seen to be loans. The analogy i have used couldn't possibly make that any easier to understand.

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Sion fielded inelegible players juventus were match fixing two different things there a think

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Yes you're right that confirmation of loan amount to pay back and timescale should be provide for transparency. I thought the whole point of EBT's were that it was not the company paying in to the EBT that was resonsible for where the money was loaned to but the trustees of the EBT that then became responsible for this. Was this not the whole point of them putting them in offshore accounts. The loanee would ask the trust for a loan not his employers . So without proof that the loan was from the employer as a salary package it can not be traced back to the employer. ?

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I cant say for sure but the HMRC case is not about paying players through it. Is it not that Rangers did not pay any corporation tax for the money they put in the EBT's. It's the benefactors responsibility of the loans to inform HMRC of them. HMRC chase the loanee for outstanding paye & ni not the employer.

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A correctly run EBT was legal.
They could be used for discretionary payments. However as run by RFC they were run as a 'top up' for wages, and therefore became contractural payments.
Run as contractural payments is what made the scheme illegal.
The bigger issue is -
As CO has already openly admitted that EBT payments were issued to both himself and players, then that leaves them foul of the SFA also.
No payments may be made to players by a third party, the EBT trust is a third party.
Its a no win situation -
a) BTC appeal rules in favour of HMRC, hammered by the taxman and the SFA.
b) BTC appeal rules in favour of RFC, charged by the SFA of 3rd party payments.
Both results carry expulsion from Scottish football as the penalty from the SFA.
More interesting -
Any newco although shedding debt will not have a football license, and the current football license that RFC have is NOT transferrable. To apply for a football license the newco must have 3 years of audited accounts.
RFC in its current situation doesnt meet the requirements for a football license, and the SFA would be well within their rights to revoke it.
Can see UEFA becoming involed if any under the table deals are done to try and attempt the transfer of the football license.

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Who's the co that has openly admitted to payments to himself and players as way of renumeration ?

Unless its proved that payment wasn't a loan by a third party ?

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To apply for a UEFA license you must have 3 years audible accounts not SFA. If I'm wrong what's to stop a newco buying out say Albion Rovers or another ailing club in the same way airdrie utd did with Clydebank and relocating them to Ibrox.

At the end of the day it's all if's but's & maybe's let's just see how it plays out.Suddenly every supporter has become a tax expert, lawyer ,custodian of moral upholdings and a upstanding member of the community how has never put a foot wrong. It's amazing how the failings of a football club can give so many people a moral compass.

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After Clydebank were murdered and moved to Airdrie the beaks changed the rules over selling association memberships to prevent it happening again.

When Gretna were on life support Spartans tried to buy the clubs membership and were turned down, and instead invitations to apply to join Division Three were submitted my (eventual winners) Annan Athletic, Spartans, Edinburgh City, Preston Athletic and Cove Rangers.

New Rangers could not simply buy their way into the SFL, and instead would spark another application war, and need to rely on the votes of the other 29 clubs, but even if they bought Albion Rovers, the club playing at Ibrox would still have all of Albion Rovers' history and none of Rangers, so what would be the point?

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Albion rovers supporters enclosure at Ibrox, like the sound of that

Arse .???

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MOJO i really worry about your mental state of mind.Get a grip of yourself u sad little man like it or not rangers will survive 1 way or another.But because of people like u with there shallow minds is the reason alot of rangers fans would be happy 2 go to the 3rd div to get away from all the hate.Just a pity our governing body are a bunch of cowards.

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Sion fielded some illegal player,juventus involved with match fixing......different issues, true

But rangers have failed to pay paye,and may have sought to avoid 50% tax rates for directors (that's ok), managers (allegedly, but would still be ok), players (if side letters exist this is bad)...

Worst case many rangers players illegal in many leauge

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The original post is 100% correct. The question is not EBT's are legal or not the question that matters is are they written down on the players contracts if they are not then Rangers played improperly registered players for years. As a consequence of that other teams have been done out of millions over the years because of Rangers inflated league positions, cup runs that may not have happened but for playing dodgy players and so on. Rangers have pocketed monies that should have went to others! In short, they are the biggest cheats in British if not European football - perhaps across the world.

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Biggest cheats in Britain, Europe the World. How about the Universe if fact did Luke skywalk not mention the Rangers in the downfall of the alliance Get a grip. Honestly I laughed so much at that I nearly paid my taxes..

HMRC are using the EBT case as a test to see if they can then chase up Bigger offenders in England

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Actually it's exactly like match fixing.

Rangers won games using players they employed illegally it is financial doping. They didn't just live outwith their means they actively worked to circumnavigate the rules of both football and the country.

The money they have stolen could have funded thousands of NHS beds and operations - Shame on them!!!!

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18 May 2012 18:17:01
See the body that is RST were insisting that there is no increase in season ticket prices this year, I just don't understand the logic behind this.

Let me say that I have no great desire to pay any more but really the club needs every penny it can get. The prices have stayed the same for three years.

This is typical of this mob, they are concerned at the lack of money but don't want to help increase the income. Why is a 5 percent increase being opposed. This is typical, full of demands as long as they don't need to put their hands in their pocket. The same happened at the share issues, full of big talk and no result.

Our club is in trouble would an extra £25 on a season ticket be too much to ask for?

Or are they fans that are enjoying their ten minutes on the telly and as usual be not prepared to assist the club. I have to say they are the most mealy mouthed organisation ever to exist. These are the same people that met with Whyte and the only question they asked was when accounts would be lodged. Why did they not demand to know where our money has gone?

I think they are a liability and should be disbanded, they are useless.

Believable47 Unbelievable5

I agree what's with the call to pull out of the Scottish cup, lost revenue from attendances and prize money doesn't make sense to me , Kerr was on saying the other day Rangers had received the harshest punishment in the transfer embargo it wasn't expulsion or suspension was an option, guys like him and Jardine just open their mouth and don't think of the consequences.

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I whole heartedly agree they do the club and it's supporters an injustice every time they apear on the TV for their 15 mins of fame. They compain about there being to many levels to the Scottish Authorities but they have, is it three Rangers supporters organisations? why not have them under the one umbrella....? oh thats right ego's get in the way of the leadership. disband for the benefit of the club.

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Why should fans pay more? Tell me exactly...WHY?

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I have to agree , i thought and would gladly pay more to get our club more money, i cant see a reason why not unless they are trying to appease some support which in our situation is mad.
craig+babybear

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Why have the fans made absolutely no attemt to buy the club. £8.5m is a very small amount and the working capital could be funded by player sales and reduced wage bills. Mr Green smells money the fans should get their act together and stop him.

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If ever there was a time to increase season ticket prices , it is now!. the op is correct in every sense, an extra £25 per seson is nothing, but would help our club a great deal

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The fans should pay more because our club needs it, that's why.

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To the person that asked WHY?.....because true fans of this great institution don't stand by moaning about who they can blame, they roll their sleeves up and do what ever it takes. I've seen fans of smaller clubs work for f*** all just to make sure their ground was ready for the new season. This may seem a bit fanatical but that's what we are.

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I thought the season ticket prices must go up by at least £50:00. Most real fans would have paid at least that amount a few weeks ago if it meant saving our club, I have had 3 tickets for almost 30 years and I was worried we would not have a club a few weeks ago.

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Rangers fans have done SFA to save their club. The people that follow the smaller clubs hope one day to have a small success. On ther side the OF fans mainly consist of glory hunters. I have supported Kilmarnock for 50+ years during that time we have 1 league title 1 Scottish cup and 1 League cup. If this was Rangers record how many would turn up at Ibrox? Similar to Queens Park.

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IT's not our club it's (or about to be) Mr Green's.

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Too many glory hunters at ibrox as a fan i have been through the good the bad and the ugly times i would invest if it is set up properly

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Looks like Mr Green is here to stay, and thank god someone is going to take this mess on-board. He knows difficult times are ahead so he's going to try and get as many fans through the gates as possible in the next few years of hardship, ie no trophy's no europe no nothing unless a miracle happens (yeah still a hopefull bear) At least a semi half full Ibrox, would be better than a 5 or 6 thousand attendance, maybe (Taking in the amount of folk who would the the huff at a big season ticket increase). So he's taking the element away from the so called die hard fans who would jump straight on the band wagon of saying " the season tickets have been increased and i am going to watch this s**t am no going back" well done Mr Green the more people through the door the more chance of getting even more.

ps
Realy hope he can pull of the CVA and keep our proud history in tact. If not we will follow on anyway.

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Very good posts by most, Green is not going to be splashing cash about (quite rightly) and it is going require a strong support to keep bringing money in to keep the club afloat, whilst not challenging for the spl.
Its been eye opening looking at some of the comments previous to losing the appeal, with some expecting the cheque book to be opened and £30m spent to freshen the squad, even had the appeal been won it is a time for consolidation.
I agree increasing the season ticket price would be better than handing it to "fighting fund" that finances a qc to chase lost causes.

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Totally agree, when share issue can up, I got £250 not a lot but at least I put my hand in my pocket, when the save gers website came up again I offered to put my hand in my pocket, did he buy any shares? I know what I would do if I won monies on yjr lottery

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Here's a thought. why would anyone in their right minds contribute to anything when you have despicable people like Dingwall and Kerr in charge of the funds. these people have their own agenda and don't give a toss about rfcia fans, just do a bit of research on rst financial irregularaties

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Everyone already knows its going to be a season where we probably won't win anything. so if they put up the prices they won't sell enough of them, simple as that.

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18 May 2012 17:24:41
Neil Doncaster, is saying that Rangers will be dealt with under the same rules as any other club that goes NEWCO, he has obviously forgotten that there are NO RULES for dealing with this situation in the SPL, so please can anyone tell under WHICH RULES will Rangers be dealt with if they are forced to go down the NEWCO route

Believable30 Unbelievable10

The same rules that they broke when they fined us £160k and the transfer embargo, when the rules say the maximum fine is £100 k. They just make up the rules to suit themselves.

The SFA and SPL are hopeless. They want to do a fit person test but admit there is no such test. It's a surprise they can remember where their offices are.

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Good call. Going NewCo is extremely serious, it means stiffing honest business people for tens and possibly over a hundred million pounds. Points deductions are a feeble disproportionate penalty only expulsion from SPL is appropriate for a situation of such gravity. For further crimes beyond being in liquidation, such as EBTs and non payment of PAYE, NI and VAT.

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Agree Doncaster doesn't have a clue but it was maximum 100k per charge, Rangers were guilty of 5 charges

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I would tend to agree even as a non Rangers supporter that once a NEWCO is complete, meaning NEW Rangers with new established birth date no history and no trophy count they should be seen as a new team and once applied to the 3 rd division should be free of all Rangers debt and sanctions.

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Its up to the football club to vet it's own staff. the sfa are just reacting to the mess rangers have created and are taking early action to prevent a further fiasco. you should be applauding them. six weeks ago none of you had heard of mr. green and now he 'owns' rangers and hardly an eyebrow raised. it's entirely possible that mr. green has just taken the baton from mr. whyte. this deal should be gone through with a tooth comb or have you learned nothing ?

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Were there not 3 separate fines? £100k, £50k and £10k. Feel free to coreect me, though.

And the maximum sanction was expulsion from the SFA so I guess they broke the rules to be lenient. Would you rather they had stuck to the rules?

1903

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Oh, and shouldn't Rangers have done some kind of fit and proper persons test?

1903

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The new COMPANY , not newco, will have zero connection to the oldco

As mentioned elsewhere. If I buy a new car and put m old plates on it does it have the old cars history. Does I heck. It's A NEW CAR

Doncaster is a donkey. And a donkey is an azzzz

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Are the 20 investors going to be known soon?...how can the sfa/rfc do a "fit & proper person" chck on a consortium they dont know the ID's of?

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1903 - rangers directors did a fit person test and declared that he was not fit, unfortunately Sir D couldn't care less, he would have sold to gaddafi if it meant he could avoid the mess he got us into

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Thanks for all your comments , but my point was the rules for dealing with a NEWCO don't exist so how can Mr Doncaster say the rules will be respected and be the same for all clubs, when there are no rules!! I'm not talking about going into ADMIN I'm not talking about not paying PAYE and NIC only the NEWCO proposition, once again your comments are welcome.

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Maybe UEFA can advise because SFA have always been a bunch of crooked incompetants

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"fit & proper person" test does exist.
It is a self certification form.

SFA did not want a more complex type incase they were asked to complete one also. Its all very unprofessional.

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Funny that cos every club that has been in administration have all been dealt with differently. sfa couldnt even run the fife under 13s league. graeme

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What Mr Doncaster was saying regarding Rangers newco (if that is the outcome of the current situation) is the rules are-there are no rules-but if a similar event occurs again there will be rules.

He is saying the stable is vacated, the horse is on the horizon & in the future we (the SPL) will apply a bolt to the door!

In layman's terms nothing can be done under the current regulations to stop a newco retaining its place in the SPL.

Any competent organisation, after Gretna F.C. imploded, would have reacted by introducing regulations to govern a similar event but they chose to hope Gretna was one off & would never happen again.

Mr Doncaster is not a fool- he is just unfortunate to be in charge of an organisation that is reactive rather proactive.

Maybe this is a watershead moment for him to become a dictator by disbanding the board of self interested individuals & take exclusive control of the SPL for the good of the game in Scotland.

Mr Doncaster could then embark on a reform strategy to revive the Scottish football (let's be honest, regardless of Rangers predicament, it is uninspiring, stagnant & in need of a shake up!) by increasing the SPL to 18 teams, playing each other twice a season (yes we will lose the 4 old firm league games & probably the tv deal but we could revisit Roger Mitchell's SPL TV idea)

I'd rather there was just 2 O.F matches in the league for the excitement & anticipation of the big match-with the current system O.F. matches are too frequent!

As I arrive at the end of this rant I have forgotten what issue I was responding to but never mind I like vodka & coke & I hope what I have said makes sense!
ThatsNotMyName

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@ second poster. "The same rules that they broke when they fined us £160k and the transfer embargo, when the rules say the maximum fine is £100 k." This statement is incorrect, the 100k is the maximum 'financial' penalty that can be enforced for this , in extreme circumstances any additional sanctions can be enforced at the panels discretion, so they never made up the rules. Two panels have now determined this to be appropriate, How many panels do you want impose this before accepting it. I would recommend that you read the full report.

Also on the subject of newco, currently there are no rules for a newco to remain in the SPL, they would have to be voted in by the SPL member clubs. The sanctions being discussed are to ensure the member clubs vote them in and Rangers play SPL football next year. There will also be no requirement for rangers to apply for the share in the SPL if they feel the sanctions are too harsh(These sanctions will also be applied to any member clubs going down the newco route), they can apply to the SFL as thats what rangers fans seem to want

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18 May 2012 15:59:12
Prospective Rangers owner Charles Green has named two of the parties involved in his consortium to take over the club.

The group, known as Sevco, includes Indonesian businessman Jude Allen and Middle Eastern lawyer Mazen Houssami.

They are described in a report on the Ibrox club’s website as “key protagonists” in the consortium alongside a Sinapore family trust.

In an interview with the Rangers website, Mr Green said: "I can now provide two names, as I have clearance to do so on their part, of investors who are on the list.

"One guy is Jude Allen who is an Indonesian investor and the second is a lawyer from the Middle East Mazen Houssami.

"These two are very prominent in their areas. It's a great opportunity for us to build on their experience, their connections in those regions because we want to take the Rangers brand into these areas.

"There are other names but for today they are two very prominent businessmen who are backing the football club."

Believable12 Unbelievable6

Green should be asked to make public all documentation and correspondence between Green and or White and the two named investors and prospective investors. This will show what his plans are how he proposes to make a return and over what time frame.

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18 May 2012 14:28:08
Media full of Ticketus contract to be ripped up by D&P.
Also stated Whyte is still officially owner until 6th June when CVA agreed with Creditors and then Green becomes owner.
What chance is there of Ticketus agreeing a CVA? I think they'll vote to liquidate and get more.
I think Green wants liquidation.

Believable48 Unbelievable42

If the ticketus deal is ripped up they wont be included in a cva

ryanrfc - they have no cliam to rangers seats anymore

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Green says he has raised £20m from 5 or 6 investors of which £8.5m to the creditors. How do you think they will vote!

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As you will know i'm a Celtic fan so no ulterior motive for saying this, I have it on good authority that Ticketus will not oppose any CVA with Rangers and are extremely confident of getting the money back through Whyte as opposed to the club.
Nevis

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Surely ticketus will go for liquidation as they had a chance to get their money back with blue knights. Or did they? Has whyte shafted ticketus for our benefit? Can't see us getting away with it. They must have tied it up pretty tight. If they didn't then I imagine someone at ticketus will be joining the dole queue.

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I think we need 2 get past this now who actually cares anymore all we want is the final outcome of this sorry saga so we can finally move on time for everyone to get a grip and finish it one way or the next it really is just becoming embarassing.

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Nobody can expect Ticketus to accept a CVA with D&P/Green when they have just ripped up the Ticketus contract for 4 years tickets.

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Daily R saying Whyte is still Owner until 6th June and CVA agreed.

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If ticketus dont accept - basically they get nothing - same goes for the preferred creditor HMRC. Sit back and see how things work out but I know things can only get better and I think CG and his backers are at least making the right noizes and seems to be giving direction and support to Ally . I say give him a chance.

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Why would Ticktus go for liquidation, they are not secured creditors and would get zip. The battle between CW and Ticketus will not be fought over RFC, forget them both.

Anorak.

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Duff and Phelps have DEFAULTED on Ticketus deal. In law this makes them A SECURED CREDITOR! Of course they will reject CVA. 1p in pound = £240,000.00 would be all they get. Even if Ibro is unsellable by putting on 1 concert they'd get more than that. Correct me if I'm wrong but don't they specialise in selling tickets.

If they refuse CVA then it can't attain 75% acceptance therefore it automatically becomes a liquidation.

This has been plan all along. Whyte makes money. His nominated administrator (not HMRC's) makes money. Green is only the last piece in the plan. Whyte and Green's record with companies (Liquidated/dissolved) shows neither cares except about filling their boots. Old board warned Murray not to deal with Whyte. Sheffield United have been warning for last 2 weeks not to deal with Green. He was selling their players without manager's knowledge when they were pushing for promotion. Needless to say manager quit and they weren't promoted!

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Rangers ( Whyte and the board of dirctors at the time )borrowed money from Tickitus, now the administrators ( representing Rangers) say they won't pay. Tickitus will take them to the cleaners.

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Scrap the deal , they become creditors agree or refuse cva dont matter , rangers get income from season tickets anyway bringing in revenue to run club either in admin or newco ,only way it was going to pan out , sneaky but legal as usual , do you not think after the agreement with green and whyte somethings afoot here ???

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..Only Whyte borrowed money from ticketus and it looks like he tried to cover up that fact ...dont think anyone else was aware of his deal with ticketus until he became owner and that is why ticketus are persuing him through the courts for their dosh...

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Why do so many of you only seam interested in avoiding any debts you owe, you get excited at the thought of avoiding paying Ticketus their money back. This money was used to clear YOUR debt. So pay it back?

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Lord Hodge clearly wrote that Whyte sold the Tickets to Ticketus 2 weeks after he legally became 85.6% owner of Rangers. The deal was with Ticketus & Rangers not with Whyte. Rangers owe Ticketus £27m. End of......Ticketus are only pursuing Whyte for shortfall in what Rangers pay.

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I just cant see how they can just tear up the ticketus contract, at the end of the day the owner of rangers made the deal and it must have to be honoured and rangers would be in breach of contract, and another court case. Maybe they should just get findlay back full time for the court

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No what we are interested in is the survival of our club. End of. We didn't ask cw to sell years of vital income to pay Lloyds. He said he'd paid it. Himself. In fact I recall the Celtic fans at the time saying he paid it and we owed it to him. He'd transfered the debt to his own company. So you didn't know the ins and outs back then as you all claim. We were led to beleive he'd invested his personal wealth into rangers which he clearly didn't.

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One possible problem with this could be that after he took control Whyte struck a new deal with ticketus for a further year's season ticket sales. This may be held to legitimise the whole deal.

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The poster who states Ticketus become a secured creditor " in law " due to default is plain wrong.

Anorak.

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I think Green wants liquidation.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

Whyte Knights, Blue Knights and Green Knights have always had the same Endgame.

Thats how to avoid the massive debt and get financial payback in a couple of years.

Its not rocket salad!

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"I just cant see how they can just tear up the ticketus contract, at the end of the day the owner of rangers made the deal and it must have to be honoured "

this isnt true because the deal was made with Wavetower BEFORE CW took over RFC

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18 May 2012 13:57:41
As it appears that the Ticketus deal has been torn up and given that Whyte used a large chunk of this money to pay off our bank debt, does this effectively mean that Whyte will not really have cost us a great amount of money and may even see us profit from his time in charge.

Will we come to realise through time that Whyte has actually done us a favour?

Thoughts?

Big G.

Believable17 Unbelievable35

Tell me youre joking, he withheld the tax and PAYE that forced us into administration. He is the reason we have been hit by the ridiculous SFA punishmnet! He sold the Arsenal shares. He has done NOTHING that favoured Rangers Football Club.

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I said this weeks ago, but was never published on here, This when Whyte took over was eventually going to come out in the wash, the living outwith your means always catches up with you eventually.
Whyte just got it rolling a bit quicker than it was destined to be, as he said maybe in time the fans will come to see that i saved the club, this still has a long way to run, who knows what is still to be written in the history pages? one thing is for sure SDM has far more to answer for than Whyte, that much will be shown in the coming weeks.(i gather that last line will get this not published)

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The Ticketus contract is torn up for 4 years of tickets worth £50million.
Ticketus are now a Creditor of Rangers for £28m.

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Well I said in Feb he is either a monster who is out to rob Gers of anything we own or he has a masterplan. If its the latter I hope it starts paying off soon cos were very close to the edge in my opinion.

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What a silly coment that is done us a favour as in i had tooth ache went to the dentist and he pulled it out without numbing it first so i jump up smack him and he goes what u do that for i did u a favour.Sorry thats the kind of favours i could do without.None off them done us any favours CW SDM or any of the old board all they done was bend us over and have there dirty way with us then scampered like the parasites they are.

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I think that if anyone is going to make a profit it will be whyte not rangers.

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The deal with ticketus being torn up doesn't mean we just stop owing them money. It means that they no longer have entitlement to the future season ticket sales but we still owe them the £28 million or so Whyte borrowed.

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I'm sure ticketus wont mind , have Rangers learned nothing! Yet another court case coming our way Duff and Duffer are totally clueless

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Whyte lost 26.7 million and cleared the overdraft. Do the math.

Rangers would have been put into administration under SDM after the European exits. The only thing CW cost Rangers was a one year transfer embargo.

Anorak.

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Ticketus are a creditor..main creditor.when the vote for the cva comes up do you think ticketus will agree to it......???? NO....karmababy :)

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Ticketus are pursuing CW for his "personal and corporate guarantees". Or so we have been led to believe.
CW also holds the floating charge over the assets.
He is going nowhere,without a big pay day.
As for trusting Charles Green,i'd rather roast my dangly bit's on a barbecue.
Posted last week,that we should get behind him and his consortium,but having listened to him this week making bold and irrational statements,i've changed my mind.
This guy is in this as a frontman only,and if CVA is not accepted,which it won't be,then CW get's his newco,and his day in the sun. I reckon Whyte will get £30 million,and pay Ticketus off,then head into the sunset with a tidy 3.3 million profit. Mr Green will get £300,000 for a couple of weeks work.
RFC and fans shafted. There may still be a team playing in light blue,somewhere,but it won't be our club as we know it. Just my take on things,watch this space.
Previously optimistic bear.

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Well done i really didnt think that you could be really as daft as what you write. Ticketus are going to be a creditor and you then want them to agree to a CVA for a couple of pence in the pound. Do you really believe everything D&P tell you. I told you all months ago they are working for Whyte time will show i was right. Charles Green will walk away when he cant get a CVA and Whyte as the owner will sell every player worth more than a pound and all the assests that go with it. Rangers till July

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Anorak: The only thing CW cost Rangers was a one year transfer embargo.

Never underestimate this man's cunning. We're going to be hearing a lot more from in the coming weeks and months.

BB

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Until D&P confirm it I would be wary of what Green said.
1) D&P can only tear up the deal IF its in the best interests of the creditors. In this case it isn't, it moves Ticketus into the CVA pot thus diluting the return for other creditors.
2) The contract would not be breached/terminated until the next payment is due (next season?).
They could I suppose signal their intent to terminate the contract, but thats different from actually terminating it.

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18 May 2012 13:54:38
Administrators at Rangers Football Club have told Ticketus they are terminating its contract over future season ticket sales, it has been claimed.

The claim was made by Charles Green, who is leading the consortium which is on track to take over the club.

London-based Ticketus are owed £26.7m from a deal struck with chairman Craig Whyte last May for the future sale of three years' worth of season tickets.

Mr Whyte gave personal guarantees to Ticketus over capital issued to Ibrox.

Earlier this month, Ticketus formally launched legal action against him over money it was owed.

The finance firm purchased tickets from the club at the time of the businessman's takeover last May.

Mr Green made the revelation about the Ticketus contract in a statement which followed several meetings with supporters' representatives.

Believable11 Unbelievable12

18 May 2012 13:36:07
Hey folks we need to offload players to get the wage bill down so here are my suggestions ,goian,whittekar,edu,papac,Alexander there's at lest 70k a week. We could have a starting 11 of
McGregor
Ortiz(rb is his postion) subs/Hemmings,bedoya,little,Cole,
Bocanegra
Perry Hutton,fleck
Wallace
McCabe
McCulloch
ness
aluko
Naismith
Lafferty

Believable7 Unbelievable38

Lafferty? Ur havin a laugh

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McGregor will go to the EPL and Lafferty is unlikely to ever play for RFC again.

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I don't think McGregor will stay you will get a fee for him. Lafferty is off and if you get offers for anybody at all they will be accepted wage bill will be very next year in a complete restructure if green is any sort of business man he will steady the ship and prepare for the future. You will have to bring back any players out on loan to play alongside McCulloch (who will be happy to finish his career on whatever wage is offered)and Naismith (while he returns from injury) then to be sold in January. I have no idea what sort of wages Bocanegra or Ortiz are on but I assume it will be still to much for the wage restructure needed.
Realistic Celtic fan (with no malice)

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Guys like kyle hutton, kai naismith, ross mccabe, the boy mckay who scored against linfield, cole, perry, ness will all play a big part next year. I really think Rangers need to be holding on to Andy Little he works hard, knows were the goal is(Goals vs Celtic and Hearts notably)and is an international for N.Ireland. Also he can play down the whole right hand side of the park. I think with things the way they are its a no brainer to keep the lad. McElbows will be a mainstay next season. There is enough numbers if the board act now and get as many on contracts as possible. Keeping Aluko would be a major bonus.

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Realistic Celtic fan,

You call yourself "Realist Celtic fan" yet nothing about your post is realstic.

TTG

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All of the above players will go of there own choosing.
On Liquidation, the will be sold or released and the Newco start from scratch in Div3.

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Ehmmm, any thoughts on Davis, Healy, Broadfoot, & Kerkar?

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Did we not sell Ortiz?

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Thats rubbish thought new rangers owners were going back ally in transfer window with heavy invesment if they dont win their next battle of lifting transfer bargo so dont see them letting any big stars go

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Young mckay is a good prospect, he's a rangers fan like most of his family, except his brother who plays for kilmarnock he's a celtic fan

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Ortiz is on loan at almeira (spelling) mate. I think he has hinted that he is wanting out back in feb or march.

John1glasgow

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Ortiz is a gonner . Lafferty will be a gonner .Same for Naismith - Everton. By the way Isn't bid Nikki doing you a real favour recommending him to Moyes ?. rangers may well be able to keep a lot of their current 1st team squad - problem is, you will need to go though the whole season with NO injuries. Impossible

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Iam the original poster was at work and was just having a quick think of how we can reduce wages,for me Davis out as well that would prob be 95k a week in total with the other players saved,Broadfoot would stay,can play left or right back and on about 7 k a week. Don't get me wrong I would love to be out signing big names but we need to make cuts while Keeling a competitive team!rosco

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Aluko's out of contract mate, transfer embargo remember, cant sign any1 over 18 so he's a goner

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18 May 2012 13:23:17
'Charles Green last night admitted only 'five or six' investors have pumped cash into his 20-strong Rangers consortium - but then insisted he has already raised £20million' Daily Record. Well Mr Green is it five or is it six? Should not be difficult to answer you don't even need to remove your shoes but I do hope that your shoes were off when you reached the figure of 20M! I don't trust this man!

Believable8 Unbelievable18

If he has raised 20 million will this go to creditors !

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I presume the other 14 or 15 are going to put money in the pot at some stage if not what are doing there

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Listen mate we have no options left ,we have no option but to trust him. It's ether trust him or face total extinction!, you decide . Pennyboy

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Even if it's true why the hell is this been made public knowledge. rangers dealings are now just unprofessional. these figures must be kept inhouse!

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How things stand:

Green and McDonald already contradicting each other.

The mystery 20 investors are actually only 5. Or maybe 6, Green can't remember.

Have the others dropped out? Or as I have asked already, did they ever really exist?

He does though claim to have £20M already invested, which does sound more positive, but here's the snag, only Duff & Phelps have confirmed this and let's face it, there's no guarantee that even if there is that money then it can quickly disappear because mystery investors, unlike Rangers' fans, can walk away, can't they?

Finally, and sorry to be negative guys, but what if the Murray documentary provides evidence, say of the existence of double contracts & therefore potentially massive sanctions, does anybody think Green & Co will prove me right that their bid is FAR FROM IRREVOCABLE?

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It wasn't 5 or 6 it was 4 or 5 which means 4. And why lie about20?
Showing D&P £20m in a bank account is nothing. SDM said Whyte showed him £30m in a bank account. So Whyte showed more money than Green, but couldn't save Rangers. And the club now owes £50m more than when Whyte got it!! It's liquidation.

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The papers are just looking for a story to run with now that no other bidder can appear.Give CG a chance as we dont have any other option!

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Would never trust the Daily Record, they twist words constently.

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Let's say it's six so that is £3.3m per investor giving a total investment of £66m. Creditors will either be elated at 50p + in the £ or furious at getting taken to the cleaners. This chap is not credible. Also see he wants to list on AIM!

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18 May 2012 12:33:19
I appreciate there has to be more than the declared amount for the CVA in the consortium's pot. Money is needed for the continuing running of the club but does Green really think announcing that only 5 or 6 of the investors have put in money yet and that they have already raised £20m is going to curry favour from creditors? Sounds like he is aching to go down the New Co route, agree, disagree?

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I hope he has some rangers minded investors otherwise what would stop him going Newco? Why would someone with no prior rangers feelings be interested in the club other than to make pot loads of cash? The quickest way to get a return on his cash would be through Newco. I fear the worst but hope for the best. I hope this guy surprises me!

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Aye, another unbelievable statement from Green.

£20 million already raised and yet only 8.5 million proposed for a CVA.

Therefore already 11.5million and counting to invest in Rangers.

I'm sure HMRC will love that.

Anybody still think liquidation isn't a foregone conclusion?

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