Rangers Rumours Archive April 19 2012

 

Use our rumours form to send us rangers transfer rumours.


19 Apr 2012 23:08:27
lets be honest here....none of the bidders have the money to buy the club.....kennedy is just a tough lookin dude who needs headlines to give the sale sharks much needed advertising....who had heard of sale sharks up to this...naebdy......and the others are just headline hunters wanting this club for a song....hate to say it but i think we are f*****......too much talk nae action.....what businessman puts in a verbal offer at this stage.....just another egotistical headline hunter.....deecee

Believable42 Unbelievable13

Nobody had heard of sale sharks.
Souness hasn't said a word in support of Kennedy's bids.
It's free publicist self promotion.

Agree0 Disagree0

All 276 Creditors are fecked. Nobody has plans to pay them.

Agree0 Disagree0

Thinkin the same thing.....deecee

Agree0 Disagree0

We were told that administration was unlikely. We were lied to. We were told that liquidation is unlikely. We were lied to.

Agree0 Disagree0

I have been posting this for weeks, Miller will be preferred bidder,

Agree0 Disagree0

Nobody has heard of Sale Sharks? Don't talk c**p. There are more sports out there than football.
Don

Agree0 Disagree0

Let's be honest, Rangers couldn't give a monkeys about the 276 creditors.
The irony though is that Rangers are fecked also along with the creditors.

Agree0 Disagree0

DP want UNCONDITIONAL OFFERS. No-one will do this. Liquidation then the vultures will swoop.

Agree0 Disagree0

Kennedy bid rejected by D&P source talk sport

Agree0 Disagree0

Sale sharks are well known in England. As are Wasps, Harlequins and Gloucester. The TV deal for these rugby clubs probably eclipses the SPL. Living in a bubble isnt healthy. CheltBlue

Agree0 Disagree0

DP want UNCONDITIONAL OFFERS. No-one will do this.
---------------------------------------

You do not seem to understand what a CVA entails, there is no reason for a bidder not to put in an unconditional offer, the size of the debt being written off is irrelevant to any buyer, they do not need to know the debt figure from the BTC. Ideally the bidders want to hang back untilafter April 30th to calculate the financial consequences of future penalties but its a warts and all sale and the selling price should reflect this.
The absence of an unconditional bid is down to an absence of a fixed agreement with Ticketus, they are understandably playing hard ball, they know they are in a win-win situation, one way or another they will get their money back under the umbrella of CW's floating charge.

Patience is the key.

Agree0 Disagree0

1) Nobody sane would invest in a company with so much debt. But -
2) Investors are queuing up for phoenix newco and the 'Rangers Brand'. It's not ALL bad.

Agree0 Disagree0

Bill NG has withdrawn his bid.

Agree0 Disagree0

That sums up the people who live in the west of scotland who support the old firm. They think nothing else exists or matters outside glasgow. The aviva premiership teams get on average 15-20,0000 supporters in their grounds each week and their budget and tv revenue beats the spl 10 fold. I'll give u the benefit of the doubt of being naive but its prob just the usual west of scotland ignorance

Ek bear

Agree0 Disagree0

Ek bear what the hell are you talking about?

Agree0 Disagree0

EK Bear,

What is your point caller ?

Agree0 Disagree0

EK with embarrassment and EK bears post.

Why bring Celtic into it ya clown?

Agree0 Disagree0

19 Apr 2012 22:29:51
This might be a little bit left field at the moment given all that is going on..but it occurred to me that with the media etc always telling us that a Scottish club will never be allowed to join the English League...why hasn't it been mentioned that SKY or whoever controls TV puts forward the concept of a British/ UK League? The SFA/SPL have been proven to be totally inept for years and the English FA aren't much better. Surely a British FA organisation can be put in place as a private entity like the SPL was and invite and create a top league with the TV revenue that goes with it.

Believable17 Unbelievable22

I always wondered if wondering is worth wondering?

Agree0 Disagree0

Errr.... i think you will find it already exists for the best britishtclubs...its called Premier League..

Agree0 Disagree0

You really think Wigan, Norwich et al are better than Rangers of Celtic? Surely not!

Agree0 Disagree0

How,s this for left of field
why not string this out till most of us are away on holidays,seasons over or something like that
then liquidate and every rangers fan is left with anger and a nawing pain in his stomach nowhere to complain or rally round[there,s no one there to rage against] ibrox is shut for close season
then the real s**t what murray has been up to comes out no one wants us in the spl.........then the fans can get handed what pricks like the auld board have left them....les

Agree0 Disagree0

Is that you Baldric ?

Agree0 Disagree0

And that would free some spaces up for more Italian and Spanish teams in Europe as they would stop the Scottish places in the CL and EC and tell us the "British league" only has 4 places. Then, FIFA could start dismantling the 4 home Nations places in the International arena.

Agree0 Disagree0

That would be the English Premier League....no wait theyve got that already havent they.

Agree0 Disagree0

UEFA regulations forbids this. It has been discussed to death for years, where have been. All about Country football associations and country borders and teams playing within their own FA. The UK isn't a country it's a United 4 Countries.

Agree0 Disagree0

Why not invite some english clubs to join the spl then instead

Agree0 Disagree0

Let's bring back Cartoon Cavalcade on a Sunday afternoon and screw Sky Scottish football. least when the t**ts appeared, it was free and you didnt care how crap it was!

Agree0 Disagree0

Eh? Let's design a British FA to help Rangers out of their plight? There's some utter tripe posted in here.

Agree0 Disagree0

This would mean the end to the Scottish, English and Welsh international teams, that is why it will never happen.

Unless there is a changed at Fifa/Uefa

Agree0 Disagree0

You cannot even afford the SPL never mind a British league, get real man.

Agree0 Disagree0

The end game will be a 2-tier European superleague. All the rich clubs will get richer and all the wee teams will have to go amateur or die. This will happen because of an economic collapse of avalanche proportions of which Rangers are merely a tiny snowball in the pile. But not for maybe 10 years or so as the sport continues to be propped up by billionaires with nothing better to waste their money on.

Agree0 Disagree0

Hey dont knock Cartoon Cavalcade, Glen Michael and Palladin lamp. I bet you Gers fans would like to be rubbing him and get a Genie to wish away all your troubles....Sopot Celt

Agree0 Disagree0

If a British League was created, the next thing would be a permanent British FA and British national team - the end of Scotland as a national team, playing at Hampden. Most small Scottish clubs would just get lost forever in lower leagues and fans couldn't afford to travel to away matches. There's more chance of Rangers winning the league next year.

Agree0 Disagree0

19 Apr 2012 22:24:44
I know Kennedy does not want to be part of a consortium, but he clearly does not want Ng or Millet because the feeling is they will liquidate.

Both Kennedy and Kennedy seem to be insistent on CVA route. Surely the two can get together and come to a deal that saves us. Surely with Kennedy and BK that would be preferred bidder, then surely Ticketus would want to get involved as they will want whatever they can get rather than nothing if newco. Maybe they could even get the £10m deal supposedly with BK.

Why not a McCann type deal where we have a share issue and if Kennedy wants out we can do that say after a few years. It seems that they both have a genuine caring for the club, they seem to respect each other, surely a deal can be done.

Believable5 Unbelievable17

Total cheek comparing fergus with kennedy for one baldy kennedy has not got a bunnet and two he does not wear glasses and three he went in with a genuine offer and finally fergus is a good looking man natuarlly THANKS FERGUS X

Agree0 Disagree0

'Why not a McCann type deal where we have a share issue and if Kennedy wants out we can do that say after a few years'.

the difference is that celtic's debts were less than a few million, rangers is up to £135.

Agree0 Disagree0

Funny how they wanted Celtic liquidated for a debt 5% the size of rangers debt.

Agree0 Disagree0

Not that many people would seriously buy shares in Rangers in their current situation. The Rangers debt is like the elephant in the room.

Agree0 Disagree0

19 Apr 2012 22:06:19
We need to take action fellow bears let our voices be heard the mara nyt down ibrox or our club is gonney die please please get behind this protest don't do it games do it at the front doors of our fortress of history it's been 3 months since admin surely now we gotta do something if u agree leave a reply to this post and agree come on action must be taking now cuz we are running out of time bears

Believable15 Unbelievable27

You are 3 months too late.

Agree0 Disagree0

To late for action - should have mobilised 2 years ago in the manner that celtic support did in 1992 with celts for change

Agree0 Disagree0

Night, night zzzzzzz

Agree0 Disagree0

And are we really saying that the Celtic support saved Celtic in 1992??
they were 45mins from extinction ffs!
enter man with bunnet, cuts a deal, changes club name & walks away with a massive profit.
& the Celtic support did what exactly?

Agree0 Disagree0

1000 times more than rangers fans was in celts for change from start held rallies every couple of weeks protested inside and outside parkhead every home game and rallied the away support this was all done without the help of the press ,media, mobile phones and internet just a love for CELTIC AND HARD GRAFT goodbye

Agree0 Disagree0

Just sounds like King Canute ordering back the waves I'm sorry to say!

Agree0 Disagree0

I ask again - - apart from being a nuisance to people going about their normal business - -what exactly did you do?
and what would it do if 50,000 rangers fans turned up at glasgow Green tomorrow?

Unless there another wee man wi a bunnet, we're scre*ed, end of

bill72

Agree0 Disagree0

I think the Celtic fans attitude helped to attract the wee man with the brains and cash to drive Celtic forward, build a new stadium and more importantly taught them to live within their means!!

Agree0 Disagree0

I am a Celtic fan and I have been urging all my rangers fan pals - I have many - to demonstate outside Ibrox and NOT on match days . There should have been a non-stop virgil outside ibrox from day one . Too late now. WHY DID THE RANGERS FANS NOT MOBILISE ! I cannot understand this

Agree0 Disagree0

19 Apr 2012 21:41:32
It not D&p who are at fault here - its the media seeking people who already withdrew and now have come back in 'last minute' final offers were last week - this nonsense of coming back in to save their club is just nonsense - D@P are quite rightly telling them to sling hook - it is thes 'last minute saviours' who are causing the delay!

Believable14 Unbelievable11

And this is the fault of the media why?

Agree0 Disagree0

He didnt say it was the media. Missed out a hyphen between media and seeking

Agree0 Disagree0

19 Apr 2012 20:27:52
I think there needs to be some sort of investigation into this administration process.

D & P have pussy footed around so long - deadline after deadline has been missed and I expect that another will go by with no prefered bidder.

ryanrfc

Believable29 Unbelievable9

Ng will be appointed tomorrow as promised.
Kennedy's shenanigans this week will not set back D&P s promise of this Friday.

Agree0 Disagree0

You are spot on mate. As a Celtic fan I have watch them shaft your club just as much as DM & CW with disbelief. CW is out of the picture, eh no he's not?, Ticketus deal will be made null and void, wrong again, HMCR will accept a CVA, no they wont, there are serious bidders for the club, bulls**te on and on and on. They are lying to you every day and charging you 12 k for the privilege! Their conduct has been nothing short of shambolic and they know liquidation is a certainty but they want 3m in fees out of your club before they finally tell you the truth. Get them tae f*** take the hit and rebuild!

Agree0 Disagree0

It's like a pantomime at this stage.
Oh yes we will
Oh no we won't
Oh yes we well

Where's Craig? He's behind youuu....

Agree0 Disagree0

Sourses through STV say NG is also getting frustrated with the progress and feeling disrespected by Ticketus in their dealings with them, I can see NG walking away as well leaving Miller who with Whyte lurking in the shadows will then liquidate the club. Even if the Baron Knights re-appear they do not have the funds to fight the huge debts the club have, a case of the head and heart willing but the wallet not so much.....

Agree0 Disagree0

I'm no legal expert but i'm a have a BSA degree and i can assure you that Duff and duffer reek of the stuff.

Agree0 Disagree0

With the bids they are putting in around 20 mil it would hardly get you a p£ss at the station against the money you owe.they all want rangers on the cheap....b

Agree0 Disagree0

The simple truth is that until the BTC result is known Rangers cannot come out of administration. If(as I expect) the result is favourable then this whole process will move forward at speed.
Just watch & see if another bidder emerges.(not Brian Kennedy). Might be interesting developments. Must go now. Don't want to say too much.
Goodnight everyone.

Agree0 Disagree0

Btc result favourable ...... ??

Rangers have appealed the amount they asked for, if they win hmrc will appeal and rangers no funds to fight this.....

If rangers loose appeal they sunk

What favourable btc result are you thinking about !????

Agree0 Disagree0

It is not the BTC result we await, its the amount, Rangers are appealing against the amount, once it is agreed then a CVA can formalize all debt.

I agree that Ticketus are playing hard ball, but their money is guaranteed in the event of liquidation through CW's floating charge of 30 million.
If a new buyer is only putting in 12 million for the creditors then the biggest investor in RFC's survival is Ticketus.

I think they are having a Dutch auction playing off Ng against TBK, but they will do a deal eventually.

I think the Blue Knights will get the deal, there is no real hurry, nothing i going to happen until the BTC is decided and the creditors agree.

I don't think HMRC will throw away 10 million in a CVA and take nothing in liquidation.

Agree0 Disagree0

I will put this proviso on Ticketus, there must be some doubt in their mind about their ability to get their 30 million back from CW, or else why bother negotiating more favourable terms ?

I wonder what tricky little clause CW has put in the guarantee that creates this doubt.

Agree0 Disagree0

Hmrc has two options

A) say 10 million cva (penny in pound)
B) liquidation and not nothing , but money for sales of assets, Ibrox millions pays hmrc

Why would hmrc go for just 10 million, and similar % loss from all other clubs with ebt ..... When liquidation gets then the full monty and a potential 50 million from rangers and full amount from other clubs......

Agree0 Disagree0

Administration unfortunately isn't a quick process. Portsmouth were in administration for 3months before leaving through CVA.
I'll not lie and say that the situation here is as desperate. The bidders need to submit unconditional offers and to this point this has not happened.
Get to Ibrox tomorrow and support the team and the manager they have been as immense a the support has since the start of all this sh**e
WATP!

Agree0 Disagree0

Aye the last post 100% agree no matter what you think of CW when it comes to doing a deal he is brilliant with the small print!
He will come out of this minted no matter what anyone says D&P, ,ticketas , or anyone else
The deals he has will stand up in court , they may not like it but they signed agreed to these deals ! Doesn't saying for there lawyers advice !
So they can have no complaints !

Agree0 Disagree0

And who would pay for this investigation ?

Agree0 Disagree0

I too think this process has went on far too long and duff and phelps are milking every penny they can, you could got to the organisation who monitor the conduct, in this case it is the institute of chartered accountants in england and wales
andygers74

Agree0 Disagree0

Your quite right the administration process does need looking into at the moment the process is a gravy train for Lawyers/ administrator and crooks. And that NOT just rangers administration

Agree0 Disagree0

Whyte ticketus will be claiming preferred creditor status regardless of whither there is a CVA or a Liquidation. Of course in either case there will be legal disputes. For HMRC the only question is if they can raise more in a liquidation (total sales) than is being offered in a CVA.

Its a no brainer

Agree0 Disagree0

Why would hmrc go for just 10 million, and similar % loss from all other clubs with ebt ..... When liquidation gets then the full monty and a potential 50 million from rangers and full amount from other clubs.
----------------------------------------

Why would HMRC suffer similar losses at other clubs, I assume each company that is penalised will be different from the next, not all companies are loss making and up to their necks in debt.
Liquidation gets HMRC a big fat zero, the breakdown value of the assets will go to CW'S secured 30 million and the rest on redundancies. If anyone had offered 40-50 million for the assets then Rangers would have been liquidated months ago, there is no bid for this sum because the assets aint worth it.

Blue Knights and new Ticketus deal will be the prefered bidder under a CVA and HMRC will accept.

Agree0 Disagree0

19 Apr 2012 20:11:13
Duff & Phelps, the administrators of Rangers Football Club, issued the following statement tonight.

David Whitehouse, joint administrator, said: "We have had a series of constructive discussions with bidders. We have made it crystal clear to them all that to announce a preferred bidder we need definitive, unconditional bids on the table.

"It is also important to let fans know that at this stage there is a world of difference between people indicating their intentions - even though they are well meaning - and putting them in black and white.



"We understand there are complex issues for bidders to deal with and we do not doubt that all parties want to attain control of the football club. We understand also that those interested in buying the Club are working hard to resolve all outstanding issues.

"We are continuing to make representations to all stakeholder groups - including the football authorities - to give clarity on outstanding issues which will help existing bids move to unconditional status." jk,denny

Believable11 Unbelievable10

Read between the lines, any unconditional bid as a going concern under a CVA must include Ticketus or its liquidation.

Agree0 Disagree0

Stop the smoke screen. We deserve better

Agree0 Disagree0

D&p are cw puppets playing the old dundee utd game the highest bidder wins just putting more money in cw,s pockets and I bigger slice of pie for them.

Agree0 Disagree0

Not an RFC fan ! But D&P this is a F*****g sham who do you think you are fooling ?
RFC fans should protest and be heard make them hear!

It's all total bullsh*t now and myself I have had a laugh now and then! but f* ck me now its getting boring D&P
Goodnight & Goodbye
RFC fear the worst !
"briggies"

Agree0 Disagree0

Delay after Delay after Delay after .............

Agree0 Disagree0

No genuine business man or group will put in an unconditional bid, its ridiculous to suggest they would.
There are still so many unknowns. (BTC, 2nd contracts, SFA charges etc etc)
Basically D&P want to sell RFC 'as is', this isn't a second hand car they are trying to get rid of!
Any person or group putting in an unconditional bid would be off their heads.

Agree0 Disagree0

I disagree one does not need to know the BTC amount, its all going in the CVA anyway. As for possible future sanctions against Rangers then that is the buyers problem, its a warts and all sale.

No the real hold up is Ticketus, the two favoured bidders need them and they know it, they are playing them both off against each other. Whoever signs the deal with Ticketus will be the preferred bidder and they will put in a warts and all unconditional bid.

Then we wait and see if HMRC accepts the CVA, and I believe they will accept it.

We will know if the CVA is accepted within 2 weeks of the BTC result, maybe by end of May latest.

Agree0 Disagree0

To be fair, We wouldn't have been lumbered with CW if we had these guys sorting out the cowboys from the time wasters and con men. Let them do their job and judge the so called bidders performance instead.

Agree0 Disagree0

Never mind about the CVA.
I would be more worried about the 12-15 million owed in PAYE and NIC since CW took over.
These will have to be paid IN FULL (only way to discourage other businesses pulling the same stunt).
Then you have the BTC on top of that.
Seem to remember CW offering 18 mill or so to 'clear' it up and HMRC refused.
So at a minimum I would expect HMRC to demand the 12-15mill 're-directed' PAYE / NIC payments and at least 18 mill (CW last offer) for the BTC.
30-33 million give or take.

Agree0 Disagree0

I'll make a prediction -
No preferred bidder UNTIL the results of the SPL vote on the 30th of this month.
Even if they are not planning on a liquidation, they have to know what would happen in the case of one.
D&P will come up with reasons to postpone it until then.

Agree0 Disagree0

19 Apr 2012 19:09:41
BBC reporting D&P are not recognising Kennedy's revised offer as it was verbal. I suppose that single press release just before 7pm this evening took them all day to compose and justify another day adding more debt to the Rangers account!

I do NOT know what these clowns are doing now! Last weeks release citing the SPL's intention to bring in sanctions was a total smoke screen to let more critical time pass by. I understand D&P are answerable to the Courts for their conduct and handling of an administration action. Surely others more qualified than us mere supporters must be questioning the actions...or rather lack of...by D&P.

I posted here back on 14/02 my concern HMRC failed to appoint their own Administrator. I still believe we would ave been better off had an HMRC recommended Administrator been appointed by the Courts.

It would probably have been more painful but at least they woud be keen to get the job done. And I also still believe that regardless of the outcome of the BTC, HMRC will not force liquidation on a business which irrespective of its debt still generates circa £35M to £40M per year....and with assets such as players and property.

SPM

Believable17 Unbelievable14

To be fair to D&P, they've kept the club in business over the last few weeks by cutting contracts and making deals with creditors. If we do find a way out the abyss we are in, it will largely be down to them. It is their job to make sure that the club is passed into responsible hands this time and to avoid liquidation if entirely possible. This means that all legal documentation and proof of intent needs to be aquired by them before agreeing to a new buyer - in fact all the stuff that was sadly lacking before the last takeover and indeed the reason we are in such a mess. It is also important to note that they are obligated by a court of law to conduct desicions in a fair and neutral way. I don't think we can really afford to doubt Duff & Phelps after already being duped by Mr Whyte - nobody is that stupid, c'mon; even Alastair Johnston agrees on this one!

Agree0 Disagree0

Ffs has the penny not dropped yet ? nuffin helps only directive is not to save rangers,but to liquidate. only mega stupid money from murray or kennedy would save rangers.niether of them have it !!

Agree0 Disagree0

If HMRC had appointed administrators then the process would have been the same.

Rangers is worth more to the ordinary creditors under a CVA and HMRC are ordinary creditors. The CVA deal can not be agreed until the BTC debt is formalized, stop whining about the administrators because you don't understand the processes.

Agree0 Disagree0

The guy is above is absolutely right. Most companies are in administration for at least a few months, and Rangers are far more than a simple business. There are so many ifs, ands and buts surrounding our future in terms of debt, debtors and income (getting into Europe etc.) that i completely understand the length of time it is taking to get us out.
Additionally, these bids must, as a result of the great uncertainties surrounding our club, be extremely complicated. I again, understand the time consuming nature of selecting the preferred bidder and there is doubtless a myriad of conditions and promises involved.

Ultimately, administration is never going to be ideal, but we really need some patience. Muzz

Agree0 Disagree0

I think the last poster is so wrong. D&P have shafted your club. They have taken more out in fees than has been generated since they came in. Original poster is spot on about D&P but so wide of the mark on HMRC!

Agree0 Disagree0

To the last poster you are wrong. This administration has been at best mishandled by D&P. Rangers are not the first club to be placed in Administration yet compare the process with Motherwell, Dundee (twice), Portsmouth and see if a lightbulb goes off in your head and realise that the handling of Rangers has been a little unique. We can all make allowances for the mess D&P came into, but I cannot understand why there has now been 14 days since "best and final offers" we're submitted and still we are no further forward. Seeing as I apparently "don't understand" how Administration works, why don't you enlighten us all with your knowledge and wisdom because frankly you sound alive if you believe D&P's handling is typical.....SPM

Agree0 Disagree0

"alive" of course was supposed to read naive....bloody I-pads!! SPM

Agree0 Disagree0

Who picked d and p........ Whyte!!

They were in the box on the first game..... When he took over!!!

Did none of you see this coming???

Whyte is so in control......

Agree0 Disagree0

Big tax case result needed whats the point in c.v.a without it. come out admin get hit way bill for 75 mil back into admin

Agree0 Disagree0

But I cannot understand why there has now been 14 days since "best and final offers" we're submitted and still we are no further forward.
---------------------------------------

Because events unfolding keep adding conditions to the bids and the bids have got to be unconditional. SPL rule changes, Ticketus chopping and changing sides etc etc.

You can not put a bid in for 12 million on the proviso that there will be no further penalties on Rangers or on the proviso Ticketus may or may not be involved.

If Ticketus are not on board then any new buyer better increase their offer by 30 million or its liquidation.

Agree0 Disagree0

"HMRC will not force liquidation on a business which irrespective of its debt still generates circa £35M to £40M per year"

of which they get hee haw, so why should they care?

Agree0 Disagree0

19 Apr 2012 18:49:13
BBC Reporting Scotland announce Rangers' Administrators have knocked back Brian Kennedy's second offer. Where to now?

Believable15 Unbelievable5

Paddle for sale!

Agree0 Disagree0

19 Apr 2012 18:45:07
BBC online - Kennedy bid was only verbal and could never possibly be accepted ... Administrators.

Only 2 bids currently stand.
Also players union rep states players can all
Walk on newco and contracts invalid.

Believable14 Unbelievable1

Kennedy knows these rules, what's he playing at? Then going to media saying he's back in?
TBK and Kennedy are only there to disrupt and confuse things. It doesn't help at all.

Agree0 Disagree0

It seems NG has now walked away too! Can we really blame anyone its so easy for gers fans to talk the talk when its not their money!

Agree0 Disagree0

19 Apr 2012 18:29:49
Chris McLaughlin ‏ @BBCchrismclaug
#Rangers administrators say they have told Brian Kennedy his latest verbal offer is not capable of acceptance. More to follow #BBCSport

Believable10 Unbelievable1

When is it all going to end? this is getting crazy, do these admin. boys really know what they are doing one step forward 2 steps back for **** sake put us all out of our misery, lets get back to talking football.

Agree0 Disagree0

19 Apr 2012 17:09:45
Would just like to here whether or not you feel Rangers will be liquidated or not? Believable for yes and unbelievable for no. I for 1 feel we will be liquidated, I didn't think so at first but for the amount of time this is taking and bidders pulling out and Miller coming out and saying he wants to liquidate the club, why is his bid still on the table if that is his proposal! I hope I am wrong but I fear the worst! What's your opinion ed?

Believable49 Unbelievable32

Can't see it, honestly. Long hard way ahead but still here

Agree0 Disagree0

Mr whyte rushed to get these admins appointed, why? Well it seems plain to me that liquidation has been the plan all along (god forbid) RFC are in a dire situation and the admins are hampering any chance of rescue in my opinion. I honestly fear the worst. Hope i'm proved wrong

Agree0 Disagree0

It will be
Liquidation. Kennedy's bid is verbal and invalid.
It isn't within the power of the SPL to allow a newco to keep history and brand/ logo use. The history will stop and a new history restart.

Agree0 Disagree0

I think liquidation is inevitable really. If Ticketus are still guaranteed their £30 million post-liquidation and the SPL is going to penalise Rangers to the tune of 10 points a season and 75% of their SPL income, where is the money going to come from to trade successfully? Season ticket monies and sponsorship deals are hardly going to be able to cover that.

The only way out I see is a deal with Ticketus after liquidation, but will the supporters go for that?

Agree0 Disagree0

Celtic Fan coming in peace. I am not one who wants to see Rangers die. Celtic and Rangers do need each other as Scottish football is bad enough without the thought of losing 4 old firm fixtures each season.

I feel for all the genuine Rangers fans who have done nothing wrong in this sorry episode. Time for the fans to get answers as they have been more than patient. I do worry that with the silence from D&P that they are waiting until the season ends due to liqiudation being the only option.

I hope I am wrong. Best wishes to all the Bears

Agree0 Disagree0

Nah, i think Bill Ng or a revised Blue Knights formal offer (as in tomorrow) will keep us running and D&P want to give it to somebody who can sort things out. I'd expect things may be a bit grim under both for a while, but i'm convinced they'll keep Rangers in business - here's hoping anyway.

Agree0 Disagree0

Liquidation is obviously not inevitable or else Millers bid would have been accepted by now, there would be no need to wait on any BTC if Millers bid gave a better return to creditors.

Fact 1: No liquidation bid is higher than any CVA bid involving Ticketus.
Fact 2: There is no reason to presuppose HMRC will insist on liquidation and get nothing, instead of 10-12 million through a CVA. CW will not benefit from any CVA nor will he suffer if they liquidate.
Fact 3: No one is being rewarded for any tax evasion, so the message about EBTs is not diminished.
Fact 4 : If the CVA is not agreed by the end of the season then the administrator can sell players for working capital.

Agree0 Disagree0

Check the latest post on Scots Law Thoughts, suggests that liquidation is inevitable based on projected monet in and out

Agree0 Disagree0

I read it, the author is a Celtic fanatic and not an accountant, I trust any firm of accountants can calculate 3 months cash flow projections better than a biased blogger.

The facts stand, there is no reason to presuppose liquidation is the most probable outcome unless you are a delusional Celtic fan who wishes to ignore incontrovertible evidence.

Agree0 Disagree0

Celtic fan coming in peace- Well said sir, i for one would not want your club to disappear either, after all with the exception of Euro competition, what other game could Old Firm fans look forward to? Its what helps keep football alive in this country, the prospect of beating your greatest rival. Cheers

Agree0 Disagree0

The longer it takes to appoint a preferred bidder - the less time time a preferred bidder has to conduct due diligence. D&P has already asked for £500,000 as an exclusivity fee so anyone willing to pay that would, naturally, want to do their own due diligence instead of merely taking D&P's word for it. More importantly the less time available to come out of administration by any deadline, the stronger position Craig Whyte will be in as regards selling his 'shares'. Less time will mean more haste as far as D&P are concerned which may mask something that wont become readily apparent in the short term.

Agree0 Disagree0

Due diligence is not that important under a CVA since all debts are formalised and cleared. The new owner just has to have a business plan that convinces the administrator that the company can trade viably.
To be honest most of the top wage earners will go and redundancies amongst the staff. The new realities of trading within your means, without any Europe for a minimum 1 year and possible other European and Scottish sanctions.

Tough times await but its better than extinction.

Agree0 Disagree0

19 Apr 2012 17:13:56
Blue Knights are rejoining the race.
Eh why?

Believable7 Unbelievable16

What mug loaned them the £500k?

Agree0 Disagree0

Cos Ng can't reach any agreement with Ticketus, contrary to what TBK thought

Agree0 Disagree0

NG has now walked away!

Agree0 Disagree0

19 Apr 2012 15:43:35
Just read through that proposal to creditors by d&p. Its scary stuff however I did see that as soon as we went into administration all of those who held debentures were autamatically made creditors. This is over 7million pounds. Can we call on all tru fans whose names are on those plaques to call duff and phelps and cancel their claims against the club. 7 Million would help a lot. I also cannot believe that Whyte borrowed £20 Million form Ticketus. Paid back 8 Million but then was running our of money so sold 2 more years of season ticketcs to get £5 million more on working capital. This guy was a total joke. - Gdawg

Believable8 Unbelievable9

And so would paying out to the 7000 thousand odd folk who paid the money for them....ripping of the fans who helped build the club deck is as low as you can get.

Agree0 Disagree0

R u serious? Why should debenture holders throw their money away like mugs. RFC should remiburse these people in full along with the rest of the creditors

Agree0 Disagree0

Why would they cancel their claim, surely these people will only claim if the club is wound up?

if the club comes out of admin then they will go back to havin there seats at the games as normal, so that £7million can be removed straight away as long as the club keeps going,.

Agree0 Disagree0

Is ripping off the public who had no wish to lose money on Rangers FC not even lower?

Agree0 Disagree0

How about all season ticket holders - pay at the turnstyles for all games !!!

now that would bring in much more...

Season tickets holders are also creditors

Agree0 Disagree0

While were at it why don't all gers fans remortgage their house and hand that over along with all their life savings. The big house must stay open!

Agree0 Disagree0

If the debenture holders are now classes as creditors, and a CVA is agreed, they will then be paid out at x'p in the pount, like all other creditors, with the loss of their seats.

Is this correct?

Agree0 Disagree0

Debenture holders can whistle into the wind with everyone else.
There's no plan to pay any creditors, any CVA will be nothing.

Agree0 Disagree0

Murray has alot to answer for.

He said he was passing on to safe hands.

Who can you trust? Not a blazer!

Agree0 Disagree0

Debenture holders will get the agreed pennies in the pound under a CVA, however any new owner can make a deal with them after he owns the sharses.

Agree0 Disagree0

I can almost (ALMOST) believe that Murray fell for Whyte's lies, as i did. But Ticketus? why would they finance such deal? While It seems to me that it should be craig whyte who is liable for that loan, as there was little affiliation with Rangers when that contract was made, i can still not understand why ticketus granted two loans. They must be truly regretting their decision, and must be absolutely desperate to get in any consortium they can. Muzz

Agree0 Disagree0

19 Apr 2012 11:55:24
Well done to the daily wreck, they ask a tool serving a four year ban on his opinion on been victimised, they really will try anything to stir things up, is this "newspaper" actually respected by anyone, and just out of curiosity, see when the mhanks went on that unbeaten run, was there no dodgy decisions made, because I'm sure big tel at caley has had some shocking calls made against his team this season, so is it "personal" for him to ? No it's not coz that wouldn't sell their "rags" FTDR
PaulRFC

Believable26 Unbelievable22

What you on about? I was the Celtic vs Inverness game at parkhead where Big dan got Red carded. You could see from the stand it was no red card. He won his appeal. Every manager has a go at the refs. Fergie and Wenger are full time at it. Just because it's Lenny. Lenny had trials at Ipox when he was a kid. Imagine yaz nearly sign him. Bigirishmac

Agree0 Disagree0

Paul, you sound like a very angry man. Do you want a cuddle? Heres a great idea, dont read, buy or acknowledge the Daily Ranger (IA).

As for the mhanks, I think you will find thats you lot. Let me tell you another thing if someone offered me Celtic winning the treble or just winning the league and watching you lot go to the wall, Id choose the latter everytime. enjoy liquidation.

Hail Hail!

Agree0 Disagree0

Least he does "paying his way" champions 2012 WSNBM

Agree0 Disagree0

A bitter angry wounded bear..euan morris rangers season ticket holder enough said!!!!!!

Agree0 Disagree0

Lenny had trials at ibrox what was he being accused of ? do they not normally hold them at district court glasgow x lol doug

Agree0 Disagree0

The OP is just trying to say it's not all celtic that get decisions made against them and that the daily rubbish just overindulge stories to sell papers...a lot of butthurt celtic fans trying to laugh it off and turn it back against the OP when he wasnt neccesarily aiming it at them, get a grip
EKger

Agree0 Disagree0

Oh dear paulrfc(IA),you have conveniently forgotten mr lennon moaning about a perfectly good goal v st mirren being chopped off in a game celtic won,it happened the week before in a game celtic also won.

Agree0 Disagree0

19 Apr 2012 11:22:04
Let;s not get to hopeful regarding HMRC and liquidation.Lot's of posts stating that if RFC are liquidated then HMRC will get nothing,not so cut and dried i'm afraid.Whyte does seem to have preferred creditor status but,if liquidation occurs,HMRC can,and no doubt will,challenge this.If HMRC can prove,beyond reasonable doubt,that this was to gain an advantage in the event of a liquidation,Whyte would lose all preferred status.Of course this would take more court time,and possibly result in RFC not being around permanently.

Believable27 Unbelievable7

If rangers go into liquidation their considerable assets will be sold and the creiditors paid off. HMRC will get most of it's money in this case. If I were HMRC I would go down this route. Any newco would then have to buy the assets or rent them off someone who can afford to buy them.

Agree0 Disagree0

So St Mirtren are re-named and move into a leased Ibrox!

Agree0 Disagree0

Exactly. HMRC will get the lion's share of liquidated assets. Under a CVA it all depends on how much money is injected by new owner as to how much the pence/pound is going to be. HMRC will need to take a view on this. 1p/pound won't wash but 25p/pound may well.

Agree0 Disagree0

LEARN THE LAW secured creditors get every penny in a liquidation all contracts must be honored in full that includes players and staff (to save £1 mill amonth at 75% wage cut annual wages must be at least £16 mill will be more because not everybody took 75% over ay 3 year avg contract thats 50 mill) 50mill plus £30 mill floating charge makes £80mill atleast before HMRC get a penny as a second trier creditor good luck trying to get that in a fire sale

Agree0 Disagree0

If you were faced with 25p in the pound for a CVA or 80p in the liquidation then which would you go for ? The CVA only works when there are only a few or no assets. If the tax man doesn't get maximum return out of us then they are leaving the door open for widespread abuse of the tax system by other teams. This worries me greatly. I honestly think we are being strung along till the end of the season just to maximise the income till then.

Agree0 Disagree0

I don't believe any of the new owners can take on the monthly operating costs until the new season. None of them will pay the £2.5m a month costs even with salaries at 25%. Reverting to full salaries for this disastrous zero trophy squad is unthinkable.

Agree0 Disagree0

Rangers break down value is 35-40 million, and to date no one has made a bid for the assets that is worth more to the creditors than under a CVA.

The evidence to support this is simple, the administrators would have accepted the bid by now, there are no conditions under liquidation and no need to wait for outcome of BTC.

Rangers are worth nothing in liquidation, it will never happen.

Agree0 Disagree0

HMRC rejected Portsmouths offers of a CVA several time and went to court on the matter five times. Portsmouths bill 25 million. HMRC lost. Personally I expect HMRC should they win the tax case to reject a CVA.

Agree0 Disagree0

19 Apr 2012 10:54:41
After reading the Paul McConvell blogg , which basically says after analysing the d&p accounts that rangers cash flow might survive until the end of may. The wages then revert to there previous levels , and d&p would probably have to liquidate , unless the have found a buyer ( willing to keep rangers from going into liquidation)who is willing to invest £100 million to secure buying out Whyte , a pot large enough to satisfy the creditors to obtain a cva, to pay the debts ran up while in administration , the legal costs and D&p,s own.
Bill. This amount of £100 m doesn't take into account the ongoing tax cases according to McConvell,s blogg. I would think it highly unlikely anyone would be willing to invest that sort of money . And all this doesn't allow for all the law suits flying about, it seems from the article that it is inconceivable that Randers as we know it can survive without being a newco.
Thoughally depressed.

Believable27 Unbelievable20

Mmm, a couple of points:

The administrator can sell players at the end of the season and use the funds to carry on trading.

CW and Ticketus are in effect one creditor, assuming his floating charge stands up in court. CW shares are worth zero in a liquidation event, so he has no power to negotiate a large sum under a CVA.

IT DOESNOT MATTER WHAT THE TOTAL DEBT FIGURE IS, IF MORE IS OFFERED UNDER A CVA THAN LIQUIDATION, THE OFFER WILL BE ACCEPTED.

If CW has a 30 million floating charge to cover potential Ticketus loss then creditors will receive next to nothing in the event of liquidation.
In the event of liquidation employees redundancies are a preferred creditor and all players would be released from contracts. There would simply be nothing left for HMRC or any other ordinary creditor.

The elephant in the room is not CW or HMRC, it is Ticketus.

Agree0 Disagree0

I read his blog, didn't make sense, he is entitled to his opinion.

The bottom line is the ordinary creditors( inc HMRC) will get a better return through a CVA of 12 million than liquidation. The plain fact is there has been no substantial liquidation offer because Ibrox and MP are not worth 50 million. This is the sum one would have to offer to achieve the same 12 million return to the ordinary creditor.

If the admiistrators are runnng out of working capital after the season ends then they can sell players, they may already have provisionally sold players based on this eventuality.

Agree0 Disagree0

I dont know teddys but Im lovin the state your club is in....A MESS!

TonyBhoy HH

Agree0 Disagree0

If Ibrox MP and Albion are not worth £126m as net assets as per 2 independent evaluation surveyors have stated then D&P are guilty of issuing false accounts.
All three Assets can be sold off to pay Creditors. Ok CW gets his money first. But there's so much more to go around, you can't protect £126m of assets with just a £30m claim on them.

Agree0 Disagree0

'The elephant in the room is not CW or HMRC, it is Ticketus.'

what about the view that HMRC will liquidate any co that cant pay?

Agree0 Disagree0

'If CW has a 30 million floating charge to cover potential Ticketus loss then creditors will receive next to nothing in the event of liquidation'

does this mean that at the momect CW is due the first 30m post liquidation? if so he bet is to liquidate & receive as close to that as is raised by asset sales ( ibrox, players etc) or to accept an offer for his shares. whichever is the higher of the two ?

either way the i dont know who would invest money to a business with such a debt / revenue ratio if the HMRC will force liquidation (presuming they dont accept CVA deal etc)

Agree0 Disagree0

If Ibrox MP and Albion are not worth £126m as net assets as per 2 independent evaluation surveyors have stated then D&P are guilty of issuing false accounts.
----------------------------------------

Of course they are not worth 126 million, any asset is only worth what someone will pay for it. They are book values for insurance and depreciation, do you really think a bank would care about a measly 18 million overdraft if it was secured to 126 million of realizable assets ?

Go to any liquidation auction you can pick up anything for a fraction of its asset value.

Agree0 Disagree0

What about the view that HMRC will liquidate any co that cant pay?
---------------------------------------

Since neither of the two owners have benefited PERSONALLY from not paying tax, then there is no reason for HMRC not to accept 12 million under a CVA instead of zero in liquidation.

CW will only receive a nominal amount for his shares under any CVA, they are worthless in liquidation.

Agree0 Disagree0

Does this mean that at the momect CW is due the first 30m post liquidation? if so he bet is to liquidate & receive as close to that as is raised by asset sales ( ibrox, players etc) or to accept an offer for his shares. whichever is the higher of the two ?
----------------------------------------
CW is due nothing if the club is bought by a consortium involving Ticketus and they get all their monies due. In this event I believe he will sell his shares for a £1, if there is a shortfall then that is what he will ask for his shares because he is liable and has the full amount secured against the assets.
I know Gers fans will not believe this but CW has structured the debt in such a way that makes liquidation a non-option for the ordinary creditors( HMRC).
He has piled up all the debts onto one creditor-HMRC and the only way the can get some of it back is through a CVA.
HMRC will do a deal, they have to or explain why they are throwing away another 12 million of tax payers money, on top of allowing a company to trade for 9 months without making any contributions.

CW WAS VERY CLEVER IN NOT TAKING OUT ANY MONEY FOR HIMSELF, HE HAS NOT GAINED PERSONALLY OUT OF THIS FIASCO AND THAT PREVENTS HMRC FROM LIQUIDATING.

Agree0 Disagree0

Couple of problem's
1. Employees are not preferred creditors at liquidation, and are certainly not entitled to 3 years pay on their contracts. They would however be preferred creditors on unpaid wages (or deferred wages)
2. Craig Whyte's claim to be preferred creditor is unlikely to hold up in court, it has been discounted by duff and phelps who claim he has put no money into the club.
3. Ticketus will not be preferred creditors. They are currently not even creditors, and it would be a hard case to win to gain that status if liquidation occurred.
4. The HMRC has a bottomless pit of monies to challenge all this in court Rangers, whyte and ticket do not.

Agree0 Disagree0

Ticketus have been confirmed as ordinary creditors but it does not matter to them, they received security from Craig Whyte and he secured the debt against Rangers assets. Neither Ticketus nor CW missed the elephant in the room ( BTC) when they struck this deal.

All simple and legal, Craig Whyte is a legitimate secured creditor if Ticketus lose out due to liquidation. If Ticketius is part of a consortium then there is no debt for CW to secure against.

Its an anti-liquidation strategy.

Agree0 Disagree0

19 Apr 2012 09:55:30
Why doesn't Kennedy put his offer
together with Murray & TBK as they would once and both want to save Rangers. This would
then force the hands of D&P to
select them as preferred bidders &
blow the the other two bids out the
water, just a thought.

Believable22 Unbelievable9

While we're at it, why not all 4 bids come together and we can be the new Barcelona.

Agree0 Disagree0

So, its all go again on all fronts, or is it, I suspect that all the bidders are bricking themselves incase their so called bid is accepted!

Agree0 Disagree0

What is this Brian Kennedy's angle? Why the reluctant saviour approach?Personally fed up with it, whole thing stinks to the high heavans and regardless of the outcome, CVA or liquidation with newco being formed, we are going to be tarnished forever more by all of our fellow peers and the general footballing world.

Agree0 Disagree0

I think he may have come out (oooo) earlier and said something about wanting to work alone. I think it was sometime in februrary when he announced his intentions. Muzz

Agree0 Disagree0

Successful businesses tend to be run by individuals with a vision (SDM apart)......committees lend themselves to in fighting and "di"vision........Brian Kennedy is a lone wolf.....and very successful in doing business in that manner......that is why he wont work with a bunch of "Knights" who have shown nothing but bluster to date.

Agree0 Disagree0

Right poster if you buy a new cooker or telly would you want your neighbours cooking on it or deciding wich programmes you watch, to many cooks spoil the,.,.kbarry

Agree0 Disagree0

Because Ego gets in the way and control is their motivation, football is a cash cow to laden with debt, they don't look after the best interests of the club, and the hard earned money of the supporters! It really would be a breath of fresh air for fan based ownership, it would take some convincing for me to trust the suits again.

Agree0 Disagree0

Kenneday has no interest in rangers - he's a rugby man and wants ibrox so he can then buy glasgow warriors and use ibrox as there home ground. he will then charge ranger for playing there. he has this kind of form. just ask stockport county who he previously bought and transferred the ground to his rugby team sale sharks

Agree0 Disagree0

How sore was that when you thought first for a while

Agree0 Disagree0

If all these people have so much money to invest why don't they let Rangers die then buy another SPL club that has no debt, move them to Ibrox and call them Glasgow Rangers? It's pretty simple when you think about it.

Agree0 Disagree0

19 Apr 2012 09:49:42
Well i thought when the blue knights pulled out Kennedy would be right back in the running to takeover and i'm delighted he's done so.

I reckon the blue knights have stepped aside to make way for Kennedy as they just don't have the resources that Kennedy has and see him as a better option to take the club on.

D&P need to get the finger out. Bids have been made by 3 parties, choose the right 1 and let's see if we can conclude this saga! I think if Kennedy is selected as preferred bidder he won't won't to drag the process out, hopefully we'll have answers this week and a new owner by the end of May.

J1985

Believable12 Unbelievable8

It's not as simple as "Bidder one has bid £5, Bidder 2 has bid £7, so lets pick bidder 2" as i'm sure you know. Few people can comprehend how complex these bids are, how many conditions, ifs and buts they contain - i certainly can't! It's naturally uncomfortable to be waiting to hear who the preferred bidder is, but we need to appreciate the work going in to these bids from both sides. Muzz

Agree0 Disagree0

I have told your lot before it is not healthy for you to think please seek a doctor

Agree0 Disagree0

19 Apr 2012 07:57:12
ST JOHNSTONE have refused to hand over tickets to cash-strapped Rangers for the final game of the season at McDiarmid Park and will now controversially sell them directly to visiting fans.
My first thought boycot game but then it may be some loyal players over the years last game!

http://www.express.co.uk/posts/view/315302/St-Johnstone-selling-Rangers-tickets-for-final-game/

Believable12 Unbelievable12

It wont be just the loyal players last game,will be rangers last game ever m8

Agree0 Disagree0

Pointless really, any debts run up in administration are secured, they are guaranteed to be paid.

Agree0 Disagree0

Regarding your proposed boycot of the St Johnstone game you make a fair point
but like all the others who are having a kick "we will remember them"
What goes around comes around !

Bertiboy watp

Agree0 Disagree0

That's right...boycott them. Again it's the fault of a club who are only looking after their own interests, as they should...poor old Rangers hard done by once again

Agree0 Disagree0

Bertiboy no one is havin a kick, people are just scared they are left out of pocket and wee clubs like this need every penny. God even the BK wouldn't stump up cash all we seem to see is Duff and Duffers bulging pockets getting bigger as your club and fans are suffering.

Agree0 Disagree0

Can you blame them for not wanting to hand them over? I am a Gers fan and would not trust the administrators or any of the current regimes associated with Rangers, as far as you could through them.

Agree0 Disagree0

I'm a Rangers fan but I have to say what a ridiculous post. Why should St Johnston give us the tickets and face losing thousands of pounds just because we are Rangers.

Agree0 Disagree0

How does this constitute having a kick? Given the lies, lack of integrity and failure to pay even the smallest of debts would you be happy to essentially give Rangers (the club) credit?

If Rangers are to survive in some form then they will likely need some level of support and assistance from other clubs. However this "we'll take everyone down with us" attitude which is currently flowing only serves to antagonise others and make your peer group happier to push you to oblivion.

Agree0 Disagree0

I attend all matches and I can assure you I wont be boycotting this match.

Certain clubs have done there upmost to harm RFC this year, ST Johnstone are not one of them.

They are simply making sure they get the cash paid to them as early as possible.

Agree0 Disagree0

I can't blame St Johnstone for not giving us credit Duff & Phelps don't fill me with confidence!

As for we will never forget, Its the rest of Scottish football who shoud be saying that. We sold a player to Everton we hadn't payed for, we are still playing Lee Wallace even though we have no intention of paying for him. If other clubs were doing this to us then a boycott would be in order, but the reality is that we are doing it to them.

We are about six weeks away from the players reverting to full wages, this will come at the same time our income drops to more or less ZERO, I wouldn't trust the administrators to sit the right way round on a toilet seat.

That being said they didn't get us into this mess, they just don't seem to be doing a great job of getting us out of it.

Finally no matter what happens wether it is a CVA of liquidation, one thing is certain we will be forever known as the club who don't pay their bills! 20p in the £ is not paying your bills it's welching on a debt. Everyone on here is calling for a swift resolution and a quick CVA so don't sit back and say we didn't cause this every time we call for a CVA we validate the actions of the previous owners!

Agree0 Disagree0

If I want a ticket for a match, I have to hand over money brfore they supply me with my ticket. If you want St Johnston to hand over tickets so Rangers can sell to the fans, pay them first. It is not the job of the other SPL clubs to subsidise Rangers

Agree0 Disagree0

We St. Johnstone want to make sure they get paid for their final home game! Is that a crime? I for one will not be boycotting the game and look forward to seeing the arse end of a horrible season! I think that the rest of our support should realise that this is what happens when the suits decide that they aren't willing to pay their way in this league! I congratulate saints for doing this and to the rest of you who think that its more important to support a corrupt organisation that has destroyed and continues to blacken the name of Rangers I think you need to wake up!
Boycott? grow up!

Agree0 Disagree0

Rangers are a financial mess, St Johnston just want to make sure they get their cash, How is that kicking you when your down?

Agree0 Disagree0

I can't blame St's for this and i'm glad to see many others feel the same way. Looking at it from a business point of view, it makes perfect sense. I can't say that St's have ever put the boot in against us these last few months, either. Muzz

Agree0 Disagree0

Ridiculous original post, their charman is only looking after his own teams interests, something I'm sure you'll agree is what we could only hope for. A couple of stumbling blocks I can see with this, how is it going to be managed? do they let you know the allocation or can any amount turn up? what's to stop rival fans from entering the ground on the pretence of following the Gers and then causing trouble, do we get even more bad press? if they don't want to lose out, ask for the money upfront and return any money from unsold tickets, or just don't let away fans in, then they can save any money from loss of sales at the kiosk by not needing a police or steward presence

Agree0 Disagree0

Well within their rights, would you give tickets to an insolvent company?

Agree0 Disagree0

When i read this topic and couple of posts it made me angry but i am glad to see there are some decent bears out there that dont want to put the boot into anything that supposedly dares to stand up for themselves. This is ALL rangers fault NOONE elses. U want to bite the hands that you will definatly rely on for your very survival very soon. You and ur bloody PEEPAL

Agree0 Disagree0

19 Apr 2012 07:25:44
Brian Kennedy has made a new offer for Rangers

http://www.bbc.co.uk/sport/0/football/17683898

Believable5 Unbelievable7

D&P are just trying to get higher bid from Ng.
Games they play.

Agree0 Disagree0

So, is this another best and final offer like his last best and final offer or can we expect a bestest of bestest final offer?

Agree0 Disagree0

19 Apr 2012 01:41:12
Singapore's Bill Ng has expressed frustration over negotiations with the main creditors of Glasgow Rangers, accusing them of tripling their asking price and 'not treating foreigners right'.

But the chairman of S-League club Hougang United has stopped short of saying that he will pull out of his bid to buy the Scottish football giants, who entered administration last month following tax disputes.

His five-man consortium appeared to be the front runners to take over the financially stricken club, after the heavily fancied Blue Knights group withdrew from the bidding race on Monday.

'Despite all the talk of us being the favourites, I'm very frustrated because of the way Ticketus is treating us,' Mr Ng told The Straits Times in an interview from London on Wednesday

Believable8 Unbelievable6

Ticketus are in a very strong position, they may be creditiors but their debt is secured through CW's floating charge over the assets.
TICKETUS WOULD GET ALL THEIR MONEY BACK IN THE EVENT OF LIQUIDATION.

Bill Ng and others are trying to persuade Ticketus to either reduce the amount or extend the terms, they do not have to do either if the cub is liquidated.

Anyone seriously interested in buying RFC must guarantee 30 million to Ticketus and pay 10 milion to HMRC, or both will go for liquidation.
Too many buyers trying to steal Rangers for nothing, a debt free Rangers is worth 40 million.

Agree0 Disagree0

Where do you get a figure of £10m to HMRC?.We could end up owing them nearly £100m(we won't know exactly until BTC result).you're barking up the wrong tree if you think HMRC are going to accept a 10p(or less)in the pound deal.This is not about money to HMRC,it's about setting an example to everyone else who owes taxes.A CVA is highly unlikely,and liquidation is now,unfortunately,almost inevitable.The bidders know this,that's why their bids are full of conditions.D & D stated in their report that we'd around 900k in cash left.Since then we've had no significant income and are burning cash at a rate of around 400k a week.if nothing happens soon,we'll probably not be able to meet next months salaries(due next week).no bidder has came up with an amount that would allow us to run as a going concern.

Agree0 Disagree0

18 Apr 2012 23:56:45
"I confirm that today I have improved my offer to the Administrators substantially, with the objective of accelerating the choice of preferred bidder, preventing the possibility of a newco acquisition and flushing out pretenders constipating the process.

I await a response from the Administrators.

I will not rest until I have stretched every sinew to breaking-point in safeguarding the future of this great Club."

Brian Kennedy

Believable36 Unbelievable17

What sort of business man uses the word constipating This is deffo not a real copy of a letter by Brian Kennedy

Agree0 Disagree0

I've offered 12 empty glass bottes of da Bru

Agree0 Disagree0

Never mind stretching sinews he needs to stretch his wallet. He is still the lowest bidder

Agree0 Disagree0

So.....nothing has actually changed then. Debt grows by the day, big tax case not resolved yet.
Will Kennedy pay the big tax bill? No chance, he will not save rangers. HMRC will block a CVA as their total debt owed to them will be more than 75%.

Agree0 Disagree0

For someone who cares so passionately about the club, he doesn't seem overly keen to put his money where his mouth is. Attention seeker?

Agree0 Disagree0

Been suggested he doubled his bid, so that puts it around 10-14 mill. Still lower than the other 3.
Nothing but a headline seeker!

Agree0 Disagree0

Constipating means to clog or make sluggish, dosnt always have to refer to your ar*e so an educated businessman would use the word

Agree0 Disagree0

Brian kennedy did release this statement and he also intends to flush out other offers on the table.

Agree0 Disagree0

Well Kennedy is my preferred option, reasons are;

1. He's not promising to win a European trophy (akin to NG and a certain chairman called Romanov);

2. He does not want liquidation (as Miller wants);

3. He is not the Blue Knights (I'm sorry but something in my gut says they will be terrible for the club, I don't know whether it's due to connections with the previous board, but it just doesn't sit right with me);

4. He is the reluctant bidder, and to my mind he has the clubs interests are heart.

The big if to the above is... if Kennedy is trying to raise his profile and get some publicity for Sale Sharks, then we're in the proverbial. :-S

Agree0 Disagree0

Bulls**ter looking for publicity, and a chance to pick up the scraps on liquidation.
Every one of them have the same plan.
jimd

Agree0 Disagree0

Would like 2 see brian kennedy and the
blue knights get the keys 2 ibrox
a corby true blue

Agree0 Disagree0

Nobody knows if HMRC will block any CVA, its just pure guesswork, they get nothing out of liquidation, unlike Ticketus who get their 25-30 million back through CW's floating charge.

Agree0 Disagree0

Its a verbal offer means nothing until its in writting also he has sated that his new bid is double his previous bid,
Dont think he is serious just trying to force someones hand

Agree0 Disagree0

 
Change Consent