Rangers Rumours Archive May 02 2012

 

Use our rumours form to send us rangers transfer rumours.


02 May 2012 23:28:15
Rangers money from arsenal shares due from pritchard thats now in liquadation,i posted this weeks ago,
I also know its where rangers assets are to expect it soon,whyte has got the ball rolling,justvfor those in denial ed could you confirm or deny that it poss for whyte to have rfc assets switched to pritchard then liquadate it sell it to liberty capital,if rfc wunt it good luck & join list of creditors,whyte legit owns everything rfc nothing?,
Pritchard have non cash assets worth over 310 million,how much of rfc assets make that up

Believable10 Unbelievable27

How can Whyte transfer anything now when he has handed over everything to D&P?

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Whyte has a picture of GORDON GEKKO on his wall, if he doesnt wreck rangers hes out of the GORDEN GEKKO fanclub, rangers were an easy target , sorry bears its over

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I'm disgusted at the lack of support we have had from the sfa and Scottish government in ridding our great club of whyte. This man has stolen over 25 million from rangers and nothing has been done about it.

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We all know that whyte has refused to hand over anything, hence the conditional bid from blue knights that any bid is dependant on getting his shares.

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When did he steal 25 mil from rangers, and more importantly where would he have stolen it from. When he came in there was no money to steal and all he done was strike a deal that paid off the bank.

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What's it got to do with the SFA and Government he has done nothing wrong he can do what he wants he owns Rangers end of, 85% shareholding its his he could have sold all the silverware on ebay and no one can stop him. And the SNP government won't touch this now with a barge pole, they relised its a vote loser

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Look CW had done what he has a record of doing with company's. Do you not think there are other company's, possibly family businesses and other good people who have had to watch him do the same to them and they havent received any help from the government. Because this is business. He is cold and calculated. Heartbreaking nonetheless

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Do rangers run on thin air? The bills haven't been paid but the turnover of the club hasn't stopped. There are court proceedings being pushed through for rangers to reclaim the money. Do you not think that the potential loss of jobs is not a concern for the government. The sfa have a duty of care to ALL their members

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02 May 2012 22:34:52
Can Miller's bid be considered seriously. It is conditional with no further sanctions. That's quite clearly unrealistic. I think that's why Kennedy and Murray are sticking to their guns. How can D&P award this to Miller with that proviso?

Believable19 Unbelievable9

Dont know how far back you can look at posts, but i told all to get to bookies and bet on miller being preferred bidder about 5 weeks ago when he was outsider, nothing changed BK seem to think words we all want to hear is enough but unfortunately it does not work like that

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"Can Miller's bid be considered seriously"

Yes it can. Not all done yet, SFA&SPL talking to both parties now(?). Depends on whether SFAPL happy for RFC to disappear, maybe not quite suicide, but it may take a good few years for scottish football to recover, if indeed it ever fully could.

Time is running out, expect some movement from both sides in last minute barter.

;)

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Both bids are b/s its allover

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Miller will be preferred bidder because he has more to invest in the club over next 3 years. He said this in his statement last week.
Where is blue knights money going to come from long term ? a shares issue then what ? that is what concerns the administrators

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"Where is blue knights money going to come from long term ? a shares issue then what ? that is what concerns the administrators"

Administrators don't give a damn about long term, just what cash can be realised as quickly as possible for the creditors. They are not there to make business decisions about the long term future and financial health of Rangers.

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Simple he threatens to take Rangers into 3rd division killing SKY deal stone dead which in turn kills sponsorships eventually kills clubs not one provincial cub could survive without their sponsers and the SFA know this they also know as the SPL is a seperate entity and as such any club has the right not to join and could remain in the SFL for as long as they wished

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Lol, the sky deal is worth nothing and a few hundred fans a week through the gates would pay for it.

I think if we get any more threats from rangers the rules should be changed to make any newco wait 10 years before being allowed into the spl.

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I'm pretty sure there were sponsers before Sky. The SPL could adapt without the Sky deal, it's not as much as everyone thinks.

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Spl will not die just because rangers are not in it and that's as simple as it gets. Sure there will be less money, but clubs sooner or later are going to have to start loving within there means anyway due to these new fair play rules coming into play so they will either make profit someway or break even simples. Rangers are not the backbone to Scottish football

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DIE - maybe a strong word & to the person who says SKY isn't worth much - think you've been up there with Lucy & the Diamonds too long!!
(ask your dad he'll explain!)

but surely no-one disputes - the quality of player coming to this league would be lower, therefore week to week quality getting worse - European qualification & co-efficients would become even harder if they are not already biased towards 'bigger' leagues & that would eventually lead to any decnt playesrs heading south, even more so than now. And the Scottish team tumbling down the rankings.

think a bit bigger & long term - you know its true

bill72

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02 May 2012 22:13:00
Was great to see Ness back in about it tonight. Also McCabe playing behind him sweeping up. If everything goes belly up hopefully we can at least keep the baby bears cause they look the business.

Believable29 Unbelievable5

Agree if we can keep the young players we will be not bad, aluko must stay

j

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Coud not agree more just a pity about his condition he is a star in the making and young McCabe is a class act

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Looked brilliant against Celtic too, !!

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This isn't really about Celtic tho is it. So move along!

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I agree with your comments about Ness and McCabe. Throw in Fleck back from loan and young Perry and Cole and the baby bears could be a great foundation without some of the highly paid flops (e.g. Edu, Healy, etc)

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Yeah the golden generation of youth players coming through at Rangers did manage to finish in 5th place in the under 19s league this season. 20 points behind champi0ons Celtic in a 22 game league.

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02 May 2012 21:49:07
Both Brian Kennedy and Paul Murray in attendance at tonight's fine win against the Arabs at Ibrox.

Believable10 Unbelievable7

Where was bill millar?

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Why are people clicking unbelievable!!!!! it was shown on the screens at the game and then again on Sky both Kennedy and Murray sitting next to each other at the game tonight.

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Its easy when theres no pressure to win a game , did the bears bottle it a celtic? looks like ........

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Did they buy anything?

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Nothing against BK & PM, but they have been prone to a bit of publicity seeking - this one on the back of the 'where's Bill Millar?' campaign
does anyone really believe this guy is going to invest in excess of 11 squillion and not know what he's buying into?
remember the bunnet never showed up until almost the last gasp of Celtic - i believe if Mr Millar get preferred bidder status - whatever the finaloutcome - he will then show face to the adoring Scottish press and thousands of tax experts.

bill72

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02 May 2012 20:54:41
I wish big carlos keeps the armband so organised, always communicating with the team- a real skipper

Believable34 Unbelievable11

Totally agree! Davis not been same player since he had the arm band. Give arm
band to Carlos and let Davis get on with playing

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Big carlos will need to google stranraer then next year !!!!!!1he will be gone like all the others with value or talent

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Him and Soné have proved to be inspired signings. Muzz

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Is his the same Bocanegra who was captain against Celtic, when we basically embarassed ourselves!!

We can all be great capatins when the going is good........

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You do realise there will be no Davis and boca in three weeks time?

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Agree totally. The guy is a natural leader and Davis simply isn't.
He was captain against Celtic last week but great captains like Ferguson, Butcher, Greig, Lennon, McStay and McNeill have all be on the end of a few bad results.....
J1985

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02 May 2012 19:04:55
lookin like miller from this angle...well that takes care of that then...by by teddy bears as we know them...newco does sfa for me if you pardon the pun....just a wee tidbit of info but i was 8 when this team were winning everything domestically
ritchie-shearer-caldow-grieg-mckinnon-baxter-henderson-mcmillan-miller -brand-wilson...............deecee

Believable14 Unbelievable11

Again, yes, we get it... You won't support a newco. Now please stop posting it!

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As a Celtic fan this is the only Rangers team I can rhyme off.from memory. I too was 8/9 yrs old during their heyday in the early sixties; a great side; we always struggled against them, level playing field as well. All Scottish also; will we ever see their likes again?

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Newco does nothing for me either mate. History is what makes Rangers special.

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You lucky man, i am behind you in regard to watching our team live but i grew up as a youngster knowing this team were special , my dad told me so. deecee i hurt like you but i have sold our team to my family, cousins, nephews, nieces children , grandchildren. for 38 years all family involved with me were presented with Rangers strips on the lovely arrival of a new family member. deecee we owe it to the youngsters around us to continue as before . We hurt why hurt the kids, we can take the hurt bring it on , the kids are our future we must protect them. The children of Rangers must flourish within family until they can enjoy being a Ranger
nobody should deny them that, cmon deecee and all others who have lost faith do it for the kids, without our guidance they will never experience the things we all have let them be Rangers like us, we will be back and our kids will enjoy with us

Highland Bear

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Well i was 13 going on 14 but you missed out roger hynd number 9 we got the best team in the land hes put the frighteners into anybody what i didnt like about him he barred my minister from training with motherwell when he moved there doug

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He won't follow a NEWCO.....until they win a trophy i suspect!

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Ughmm..ill say it as many times as i want pal...free speech etc.....you go your way i go mine.......someone is going to make a piss load of money here and meanwhile we get a get out of jail free...sorry but i got scruples.....so on yir bike...deecee

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Not sure about the sentiments of the poster. However, this was the team I saw when my dad started taking me to ibrox. Still think Alex Scott was the best right winger though, instead of Henderson .

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Tell you what...to all the ultra loyal fans out there...ill go with the loyalty thing but if i hear the sash or the billyboys or watp chants or pope songs then that will be the straw that broke the camels back..deecee

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So now you will support a NEWCO? make yer mind up pal...
As long as there's a team playing at ibrox called Rangers i will be there!

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Fellow bears, don't be afraid of a 'new' rangers. we are all rangers supporters for a reason......we are LOYAL. I am saddened that the club in its current form will most likely close. my dad first took me to Ibrox in 1989, Ive been there through thick and thin and in thirty years from now I'll be going to the games with my children because 'rangers' is our lives. whether that is 'rangers', 'Glasgow Rangers' or Rangers 2012 we'll be there because 'rangers' is in my blood. its not the fault of the fans that our club has been ripped apart by faceless businessman but for the millions of us we will always follow on. OK, there might be an enforced name change but get a grip guys, they'll always be a gers cause the millions of loyal fans are going nowhere. let's create our own history, we still have Ibrox, we still have the memories. the name might go but the traditions and the songs/banter will NEVER die. Sorry Celtic, but we are here to stay. DC

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DeeCee, sorry to admit that i've been following this site from a voyerism point of view due to your current problems, however I have been taught a lesson from reading posts from fans like you. That lesson is Dundee Utd, Hearts, Hibs, Rangers, Aberdeen, St Mirren, Celtic......Etc All have decent passionate fans that love their teams. WE are what makes Scottish football........Even if we where going to lose Forfar or East Fife we should be standing together and trying to help the teams survive.

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Yes alex scott was 1st choice for scotland but couldnt get into gers first team for willie henderson doug

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"my dad first took me to Ibrox in 1989, Ive been there through thick and thin"

thin? you don't know the meaning of the word if you've only been going since 89

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When the big hoose closes will the newco gers move intae ah wee'ir hoose or opt fur ah private let wi Clyde fae Cumbernauld? jist asking yi ken :0)

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I couldnt care less what is sung as long as it encourages the team and the same goes for what the celtic fans sing doesnt bother me and never has , all this dont do this and dont do that has knocked a lot of atmosphere out of the game your scared to open your mouth nowadays and give some free speech then find out theres a law that youve supposedly offended someone next thing this mob that are running the country will be bringing back the lochgelly ( which is the belt ) doug

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"i was 8 when this team were winning everything domestically".
Glory days indeed, I have no doubt that you will once again be able to witness such days again soon.
This is an important time in our history, but our history WILL continue and like the phoenix our club will rise again, Bigger, better and stronger within the stadium and within the support.
In the future our fellow supporters will look back at this time and say "this is were all the great times started",
BELIEVE.

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02 May 2012 18:42:26
Rangers to launch appeal against SFA fine and transfer embargo

Rangers FC
Rangers will tomorrow lodge an appeal against SFA sanctions against the club.

Five guilty verdicts were passed against the club for breaches of the governing bodys rules over a week ago, with a fine of £160,000 and a 12-month registration embargo being imposed.

Believable22 Unbelievable13

02 May 2012 17:19:18

BILL MILLER is on the brink of pushing through his takeover of Rangers after Brian Kennedy and Paul Murray refused to copy the American's newco plan.
The ravaged club's administrators urged Kennedy to adopt Miller's hybrid blueprint which will see the 140-year-old club reborn and possibly banned from Europe for its first three years.
But, during late night talks in Manchester on Monday night, Kennedy made it clear neither he nor Murray would be prepared to sanction such a strategy.
And now Miller looks set to be handed the keys to Ibrox as soon as he comes up with the £500,000 exclusivity fee required to secure preferred bidder status.

Believable23 Unbelievable22

Under insolvency administration law, the Administrator cannot take 'history' into consideration. Only primarily the Creditors and a far second... The ability to keep the company trading.

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This is in DR.
But some inaccuracies.
3 years ban is correct for Europe, even for CVA.
TBK were bidding with Millers plan to Newco, they said so in press.... But D&P couldn't accept their ridiculous bid which couldn't deliver a CVA for Creditors.

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So this is their final drop out reason? Don't want to Newco?
Ok put up the same money and exit admin through CVA boys !
It's all about money up front, not excuses about your principles, if u have any!

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Miller has just refused to wire the 500K until he gets proof he will get it back if the bears dont like him. what a shambles
You are not coming back

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If he is the only bidder why does he have to put up 500000 to get exclusive rights? Should they not pay him to encourage him not to drop out?

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The hokey cokey man kennedy at the game tonight maybe he is putting in tenth bid

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The truth is that nobody is on the brink of anything just yet. But that won't sell newspapers.

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It does not matter a jot, until CW's shares are in the possession of whoever, its all smoke and mirrors

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Preferred bidder status doesn't mean he definitely becomes the owner, just gives him exclusivity to do further checks and decide if he wants to do the deal.

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The 500K is a show stopper. I'm not surprised that bidders have refused to put up the cash. I think that D&P will have to consider bids anyway, even without the 500K if they are doing their job right.

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Maybe D&P need the 500k to get to the end of the season?

They'll have 'put by' the 2 million they'll be taking in fees.

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Under insolvency administration law, the Administrator cannot take 'history' into consideration. Only primarily the Creditors and a far second... The ability to keep the company trading. you forgot to say in liquadation only secured creditors matter with HMRC and TICKETUS a very distant second

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02 May 2012 16:52:40
spl clubs left sfa to form new league,so how does the sfa have durasdiction to apply a fine and transfer embargo on a spl club?

Believable12 Unbelievable18

Im sure the spl clubs left the sfl not the sfa.
the sfa are a higher body than both the spl and the sfl

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The SPL is under the SFA umbrella. The association is under the UEFA umbrella. Whose regulations they all have to abide by.

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They are the governing body and will answer to UEFA and FIFA

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Becuase they are the scottish football Governing body? I don't see  what the question is. 

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No they didnt. They left the Scottish League. The SFA is the main body and all clubs are affilliated to it.

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The SPL is a league. The SFA is the national association charged with running the sport in Scotland with impartiality and neutral and honest officials.

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They are totally incompetant.
God help us . They got us in to this dilema.

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To the Hector fan....God help us.

How the hell did the SFA get you into this.

Rangers Board of Directors got you into this mess....not the SFA....not the banks....not the taxman....not your creditors....not other teams.....Its your senior management who are fully to blame.


Take your punishment....stand up and be honourable.....Be men, not crying weans...no one else is bothered about your protests....moan too much, and maybe we will call your bluff.....as Jardine says you might go down to Div 3......well go.....see what it dooes for you....see where you fans are with no major silverwear....with no europe....and then if you do qualify for europe....no ranking.....tough draws....again no europe.

Goodbye Rangers you won't be missed in the SPL.

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The SPL is a breakaway organisation from the SFL.

The irony of this being that for years before the SPL was formed people in and out of football were saying that the problem with Scottish football was that it had two governing bodies pulling in different directions when a single body would be better.

This problem was addressed by creating a third body - Genius!

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02 May 2012 13:12:07
I have a mate that works in marketing for umbro. I asked him why Rangers dont have the 5 stars above the badge on the new strip. He said this was because when they go newco they will not be allowed to wear the stars. And it would cost a lot to change the strips and re-distribute to all the stores etc that sell them. He has no reason to lie to me he is a charlton fan and doesnt know much about Rangers in general. This frightens me as it seems set that we will be newco without a doubt

Believable37 Unbelievable37

Yes it has the 5 stars on it go to jjb sports on the new strip and you can clearly see the stars under the tailored by umbro writing

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Why so much lies. as the stars are placed on the back of the neck.

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Have they not said the five stars are on the shoulder?

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You do realise the stars are elsewhere on the new strip?

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How can you possibly say they're not allowed to wear the stars? They can put whatever they want on their shirt within reason.

They can decide to change the colour of it if they so wish.

BigBear1873

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Rubbish - the five stars are on the side of the strip...................

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Realy? because the stars are on the strip, there on the arm,

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Aye right ya are , your "mate" nos the future of RFC does he ? A marketer nos this kind of information ? Do me a favour man.....
PaulRFC

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Wake up mate, the 5 stars are on the side of the strip under the arm, this is because the srtip was to look as close to the 72 strip. even tennents had to agree.

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The stars ARE on the strip. They are down the side rather than above the badge. Nothing to do with a newco or not. I doubt Umbro would know anything more about Rangers financial situation than anyone else would.

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People have known since early Monday that it was going to be Miller. The decision to liquidate was also taken.
It's liquidate and a NewCo.
The only possible solution to this mess. Whytes shares will become worthless, but any owner wishing to own and liquidate needs them. Unless D&P liquidate and sell assets to new guy.

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The stars are on the neck
the stars are on the shoulder
the stars are on the side
the stars are on the arm

Sounds like there are some dodgy copies about

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Lol.its a copy of the kit the the cup winners cup team of 72.the stars are on the side,not taken off all together.ask him if theres anything coincidental about the release date of the kit? cool story all the same bro.
drumlad

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I dont know if i really believe the original poster but been told in the work european honours stars should always be above the badge. anyone else heard this???

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The new strips sold via JJB are for Rangers FC that exists today.
A Newco will have their own strips unless a deal is struck by the Newco to use this strip.

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The stars for european/league honours have to be applied for from uefa and are above or around your badge,
Our 5 stars where above our badge as a mark of our honour of our unsurpassable 50 league honours. Unfortunately it looks to me like they are at the side as an "incase" so that we can keep the kit next season as a newco. Its like a "this is our history we will remember it" sor of thing.

Our club is proud of the stars, why make them tiny on the arm after applying to have them on the badge??

BluePeter

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Why not put a star on for every 10M wil owe, we'd look like the most successful club in Europe then.

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Sorry but that's allot of crap. For a start, the entire rfc badge would need to be altered in some form or another if the company ceases to exist (which a newco would be a new company) so the badge itself would need to look different - not the same ie with stars or without.

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Just checked on JJB site, no stars visible (ANYWHERE) on the new strip! ? the poster original could be onto something.

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The starts are spinning round my head right now! LB

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Sorry to say m8 that's just nonsense , 5 stars are on the shirt as pointed out by umbro ... Even if we are a newco Leeds and Plymouth have kept there club badges and never had to change ... We'll still be Rangers football club regardless of newco or CVA ... The airport bear

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Lol, the stars are just part of the design, 5 stars just made up - there are no rules, look at Munich - 4 stars, RFC are 1 star better. Even funnier is Aberdeen's 2 stars - people in Europe must think they have won 2 European Cups / Champions Leagues. Only in Scotland

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Well if we put 5 Os on the jerseys we could get money off audi for advertising doug

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One star for every 10m owed... Excellent idea... 13 stars... Unlucky for some.

Stars outside of UEFA honours really is tacky. Especially if you've never won the European cup or champions league or world cup for National teams.

Rangers are out of Europe for a minimum 3 years. Go read Alex Thomson on channel4 website.

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Its a retro strip in 72 was there 5 stars do ur homework

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Leeds have changed badge, check it out. A new company cannot use the previous company's logo, it would need altered in some form or another

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5 stars still don't equal 1 European Cup, which unlike several of your league titles was won honestly

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You'll get to keep your 5 stars at Ibrox, they'll be on the new 5 star hotel there building on the site.

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I am pretty sure when the stars around/above the badge first came onto to the scene it was in recognition for a team winning 10 league titles i.e 10 league titles = 1 star? I may be wrong. It wasn't until recently that teams began using one large gold start in recognition of winning the European trophy.

TTG

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Here is the description of the new strip on the website below:

Designed to keep Ally McCoist's men cool and comfortable on the pitch, this official replica shirt combines the latest sports performance fabric, with a classic retro look to echo legends of the past. 40 Years Later - The Spirit Lives On!

Ribbed crew neck
Short sleeves with dual layer cuffs
Lightweight and breathable performance fabric
Oversized RFC crest embroidered to left chest
Sponsor logo printed below crest
Umbro Diamond logo embroidered to right chest
'1972' stitching to inside collar
Five stars stitched to rear left hem


Note the last line of text, your mate obviously doesn't work for umbro.

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Try telling Milan juve and inter their stars are tacky. Don't think it involves UEFA. Like I say clubs and national sides been doin this for donkeys years

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Tell the k##b above audi only has 4 os lol

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Its 1972 copy for barca bears .didnt have stars then.

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The STARS are on the left shoulder in dark blue stitching and very small. A bit hidden if u ask me! Why not the classic silver stars? Why on the shoulder and not above the new badge? I don't think u need to be Albert Einstein to figure out why mates

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I doubt Audi would pay anything for having 5 Os as it's one too many for them.

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Lol,

I am pretty sure when the stars around/above the badge first came onto to the scene it was in recognition for a team winning 10 league titles i.e 10 league titles = 1 star? I may be wrong. It wasn't until recently that teams began using one large gold start in recognition of winning the European trophy.

lucky they chose silver first and left gold for European champions, usual nonsense.

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Go to UEFA Site , new rule for 2012/13 where only clubs with European cups can add starts above the logo. Bit like when Celtic had to start wearing numbers on their backs.. NewCo would also mean new Logo...its another way to get the fans to dig deep...and deep and deep...
no Europe means Fans cash required...

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Stars are on the top back when we won the cup winners cup we didnt have they stars its suppose to be an anniversary top ie no stars but they are on the side where its says tailored by umbro pal so your mates a liar lol prob a tim too

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The stars are there, just not in the same place. On the seam near the hem

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Why are we having a debate about 5 stars on the badge if we cant sort this mess out the players and staff maybe collecting them working in mcdonalds bobby

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Not trying to wind folk up but didnt celtic change there name when they were about to go bust and fergus mccann bought them, therefore the club we now know as celtic fc have no european honours if u wanted to get technical!! correct me if im wrong. {Ed001's Note - you are wrong.}

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02 May 2012 13:05:48
And finally! Rangers Admins confirm that they expect the announcement of the preferred bidder to be made today, with indications pointing towards it being Bill Miller (f***!) via Channel 4's Alex Thomson (@alextomo)

"Rangers Administrators confirm they're "expecting an announcement" today on preferred bidder for the club - likely to be Bill Miller from US"

Believable22 Unbelievable24

Who gives a t*ss what thompson says mdw1872

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STV now reporting that announcement may not be today.

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Alex seems to be a good upstanding guy. He tells it like it is..... Educated, erudite, humorous and charming. He's also got bags of moral and physical courage.
I'd like to see some more moral courage from the SPL and SFA.
Looks like UEFA won't let Rangers into Europe for a minimum of 3 years for a CVA or Liquidation. Yes they know what's going on and they're very schooled in corporate law. Oh and take it from the horses mouth -- the history won't transfer.

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Another day, another rangers rumour fail.
Have you'se got nothing better to do?

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Today in rangers language PR ........is maybe this month
maybe not

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02 May 2012 12:49:57
Genuine question;Paul Murray is quite obviously a rangers fan.He also wants to keep rangers intact in their present form,but clearly has a budget to work within.He seems to have the backing of a large percentage of fans.So why on earth has he not galvanised rangers supporters,organised meetings and,more importantly,started down the road to a share issue?He seems to have been dancing round the fringes of this mess forever.With his backers surely he could have underwritten an issue big enough to stop the admin process as they all appear to be respectable,honest businessmen. Or is he and his backers just another bunch of suits who want to gain control on the cheap,then get fans to fund everything else? Nearly twelve weeks! Think about it...........green jhedi

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He does not own the football club what makes you think he would be able to legally raise a share issue .

RS

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It's like this pay over the odds just now or get preffered bidder option and liquidate ... Simples ! The airport bear

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More Trolling green jhedi. As you know, plan is to sort out current "In Administration" situation, then fund the business moving forward with a share issue to fans (might go for a 1000's worth myself).

"galvanised rangers supporters, organised meetings and, more importantly, started down the road to a share issue?

Administrators, Creditors are unimpressed with "fan" meetings, they can only deal in cash, not strong feelings.

You can't organise a share issue for a club you don't own yet! In any event, more money going in would only go to creditors at the moment. There is a time for this and it is post CVA, with the debts out the way.

Thanks anyway green jhedi, your contribution as always, a waste of time.

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He heard about a rumour involving HMRC and thought it was wise to wait and see if it was true.

Anorak.

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He has suggested the BK would underwrite a 50 million share issue. Problem is they need to be the owners of Rangers and out of administration before they can do that because currently trading in Rangers hares is suspended. IMO he does have Rangers best interest at heart, think about his proposal last year. A 25 million share issue which would all be spent on the players/stadium etc. Leaving us in 14m of debt which is not too severe, fast forward a year and with that squad investment we may have made the CL which gives the club A15m which could almost have paid off the debt, no admin, and just the minuscule matter of the tax case to come. Hope you spot the joke there.

GovanFR

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Dont think he really had the money in the first place, remember were dealing with the Scottish media doing the reporting, so who do we believe. Dont think anyone as really said we've got x amount of money, this could be jumping from the pot into the pan case.

Das Shadow

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Why on earth hasn't bill miller bothered his backside to get on his private jet and come over to ibrox to discuss matters, and get to know more about the club. something stinks about not just bill miller but everything going on a ibrox. our club is going out of business and as a fan i feel helpless!

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Do they trade Rangers rabbits as well as Rangers hares?

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My point was;not a share issue using rangers shares,but something similar to the fighting fund.Then when control of the club is achieved transfer the money people gave to shares.As for the trolling berk,try and think outside the box!.......green jhedi

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Ah right Jhedi, I though you meant a proper share issue. The only problem with your idea is that plenty people will be reluctant to give them money now encase they don't gain control of the club, there would need to be some sort of guarantee given to everyone who donates.

GovanFR

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TBK,s can not take over the club as a going concern without the 85% shareholding of CW,no CVA without shares.

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Well he may be a fan but he is not a lunatic.

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The bottom line is the bk with fans backing think they can get club for less than anyone else, believe me Kennedy is not in it for his love of Rangers, but for some reason everbody seems carried away by the true blue scenario, money talks and they seem unwilling to put it where there mouths are.

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02 May 2012 12:22:14
Ed do you know or does any of the other posters on the site know if the club is liquidated and a newco formed I know that we may not be able to be called rangers fc but can the newco officially take the full name of Glasgow rangers fc or has this name already been used at some point by the club as I will always follow rangers but would just really hate it if we were called Rangers 2012 or something daft like that.
Cheers

Tj79 {Ed022's Note - As far as I know Glasgow Rangers FC would be fine.}

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How with any stretch of the imagination could any newly registered corporation in 2012 have the history of liquidated Rangers Football Club Plc 1899?
It's impossible.

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How about Glasgow Bears?

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Paul Clark has said acquiring the current name would not be an issue.

GovanFR

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S216 Insolvency Act sets out strict rules for this and you should always take great care to get professional advice. Did you know it is a criminal offence to “pass off” as the old company? So NO! is the correct answer

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Would hat be a 'hybrid' that has 'shed' the 'toxic' debt and 'ringfenced' the bla bla bla
Banker now football spin for shafting people

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If liquidated, does not matter what it's called, its a new team and not the same rangers, to pretend other wise is kidding yourself on. A Newco has no history or titles etc. you cant follow a dead club, have the funeral and move on to a new sport, take up golf or something your current team are finished completely if liquidated in any shape or form

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Sick of all this Timmy nonsense regarding loss of history.....the corporate entity behind the football club would be liquidated, whereas the football club (which is the organisation who have the history and who have won the honours) will be transferred as an asset to the new corporate entity, or "newco", with history and honours intact. I know this doesn't fit with the rabid wishes of most of the Celtic support out there, but thats the reality i'm afraid....no loss of honours, no loss of history, it's the same football club owned by a different corporate entity. Really simple.

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You need God Almighty but he ain't interested either

Mojo

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REALLY simple. The football club cannot be transferred as an asset. The company which owns the club IS the club.

Hybrid liquidation is a myth. Miller is blowing smoke up your ass!

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No you can't erase history - the huge thefts from the public purse, other Clubs and a whole raft of companies down to the local newsagent will never be forgotten. Forever shamed.

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The tic don't like the thought of us not losing our honours. There getting rather upset id say.

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Hector fans please check the rules for registering a new club, you will lose your history...you will start a fresh....no ranking in europe.....no history relating to the newco.

The history of the defunct Rangers club will become just what I said....history. (comments ed). {Ed001's Note - well they won't lose the history, it is just that it would be consigned to the history books, unless the newco buys it. If liquidation happens, they can't take on the old history as their own.}

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"REALLY simple. The football club cannot be transferred as an asset. The company which owns the club IS the club."

This is nonsense......the footbal club is an asset of the corporate entity. The football club has won the trophies and has the history so nothing will be lost in transferring the club to a newco. The vast majority of the Rangers support need to have a long think about that Miller is proposing and try to separate the club from the corporate entity which owns it.......it is the latter that will be liquidated, the club will be absolutely unscathed and all history will be intact. If anyone doesn't think that this is correct then I urge you to look into it for yourselves and make up your own minds, don't fall for any propaganda around RFC ceasing to exist should it be transferred to a newco. The term "newco" applies to the company, not the club....the club will still be the same as it always was.

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02 May 2012 12:37:35
No Offence to the Blue Knights but Bill Miller can 'F' Off as well, WE NEED JIM MCCOLL!!

Jim McColl - Please save us. You are the man to save us!

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I work for clyde union pumps, formerly weirs pumps, Jim McColl left us in abwt 30M debt when we were bought by SPX, dnt think I want him to buy rangers personaly

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Jim mccoll ? is the beechgrove garden not big enough for him ?? dd

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He sold the thing for 750m, the 30m, if true, was certainly thought to be serviceable by the new owners.

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Sounds like a line from Star Wars:

'Help me, Obi Jim McColl-i, you're my only hope.'

1903

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We could also try and live within our means.An alien concept to a lot of bears,I know.Get a good solid board who can rebuild from scratch(It'll take time)rather than crying out for millionaires to bankroll us.If we can get back on an even keel,and it's now almost certainly going to be as a Newco,then,even with gates of 30,000,we should be able to compete.
The problem I see right now is whether old or newco,where is the cash coming from to pay running costs over the close season.We can't sell season tickets until we know where we're playing.If we carry on as an oldco then ticketus will insist their deal stands.Ibrox needs upgrading,players wages,contracts etc,where is the cash coming from.Whoever comes in better have deep pockets.

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Your right,billionaire McColl just standing by and watching us die.so called GERS fan..,DONT THINK SO!
WATP

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Presumably bill mccoll made his money from smart investment & managent of his capital, wonder why he's not tempted?!

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Maybe he can send you some orange lillies from the beech grove garden for the funeral

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Jim in currently in Aberdeen tending the Beechgrove Garden so probably has no time for running a footy club.

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How to become a millionaire: First become a billionaire, then buy a football club!

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Last post about how to become a miilionaire is pure class.............

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Perhaps football isn't that important to him. Or its just a really bad time to get involved. Or just not a wise investment. Just cos he's got plenty don't mean he's got to waste it

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02 May 2012 12:23:06
Rangers crisis: Club 9 Sports is 'not involved' in Bill Miller takeover bid

The above article is online. It is contradictory and does not make sense. It says Miller is to be named pref bidder. Says he's going to go Newco, put assets in Newco for £11.2m and liquidate old company to get rid of Ticketus and HMRC then reemerge old Ramgers to new Ramgwrs. How can u do that when you've finished off old Rangwrs? Impossible.
Secondly says he's going to write off £7m debentures. How do u just write off £7m protected creditors?

Once old rangers is liquidated that's the history gone you can't wrap it up and post it across to a NewCo.
If I buy a new Astra, it's not the old Astra I drove around Europe in. It's not the old Astra in my photos, I can tell people it is but it isn't.

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Ooh touchy, Are you a corporate lawyer? No, didn't think so.

It our word against yours so we keep the history.

Tough luck!

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Correct me if im wrong but this debenture debt isnt technically a debt as only reason this was highlighted was due to going into admin? fans that have these will have it transfered to newco?

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Write off is wrong word. BM intends to honour, carry forward, Debenture holders rights - so no need to pay out.

So his 11.2 million offer is the equivalent of an ~18m cash bid (11.2+7.7) debenture holders as secured creditors being paid out first.

It's just occured to me where the very specific 11.2m may have come from - 18million being coincidentaly the debt paid off to LloydsTsb when CW bought the club for 1.

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Bond holder in club deck. You cant transfer the debentures over to a newco.

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To poster 1, newco means new history....what words don't you understand....Glasgow Rangers 1872 to 2012, will be history, you might not want to believe it, but the rest of the world will.

To poster 2..... what argreement with the debenture holders will then have to honour....new club....new title...new articles of association.

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Actually this is more like Keeping the same astra but completly replacing all the mechanics.

We'll still have Ibrox, still have history, still have team, still have Auchenhowie (maybe)

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Any NewCo incorporated in 2012 isn't the old Rangers incorporated 1899.

UEFA will not recognise it as the same club. UEFA will expect appropriate punishments from the SFA and will ultimately step in anyway regarding EBTs and New Co situations.

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The debentures paid a fee to reserve their seat in perpetuity on the club deck1200-1500. Like premium bonds they get their money back when they no longer want the seat. (they still have to pay the season ticket each season) so they are owed 7m. And they come first! So how do ZtBK just write them off? Unless u promise them the same deal in a NewCo!

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I believe the newco is some temporary vehicle for Rangers to trade under, while years of legal litigation is fought out in court.

Both bidders may feel there is a sufficient case against CWs floating charge covering the Ticketus guarantee. If they lose RFC will be liquidated and the new co's assets will be pursued by CW-Ticketus, it is a very messy exit from administration.

Anorak.

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My understanding and I may well be wrong is, that its the business side which he is liquadating and the footballing side he keeps, its a hybrid liquadation, where you keep the history of the footballing side. In any event the history can be bought back at a later date as happened in Italy with Fiorantena, the went into liquadation, started again and the owner bought back the history, don't ask me how they done it, think I heard DJ OR ROUGHY on real radion saying something about it. WATP.

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Its a PR exercise to help Rangers fans pretend that a newco isnt a NEW company. Bul!sh!tting the fans seems to be a common trait in RFC owners.

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That is what fiorentina done and i have said this many times over and over (and been ridiculed might i add) that this could be done.
The majority shareholder/owner of this history would be the one and only mr whyte. Believe fiorentina paid around 20 million euros.

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If the company that is registered with the SfA and UEFA, is wound up.. The history goes. You can not transfer history to another company to escape your debts as it would set a dangerous precedent. Clubs all over europe who have massive debt would do the same and take a hit on points. I just dont understand the BM bid and how he expects everybody to accept it. In theory his bid could go spectacularly wrong with Ibrox and Murray Park being sold to pay for the debt should a deal not be agreed. You would end up with no ground, no training facilities  and  no history. Can someone explain it to me, becuase I just dont see hiw it will work. 

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The football club is an asset, and would be transferred to a newco, along with other assets such as the stadium etc. The only entity which would cease to exist would be the corporate entity behind the footbal club, which has won no football honours and made no sporting history. The acheivements of the football club will pass with the football club to the newco....Rangers fans need to start understanding the difference between the football club (asset) and the corporate entity behind it. We need to accept that Bill Millers might just save us from the overwhelming debt mountain thats killing our club and dleiver us a financially stable RFC with full history and honours intact. We'll need to accept sporting consequences as a newco, but thats all......history/honours/name/sporting identity will all be intact, it will be the Rangers that we've all known and loved all our lives and the club will need our support more than ever. Don't fall for the Celtic propaganda around loss of history, they are WRONG.

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"If the company that is registered with the SfA and UEFA, is wound up.. "
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Think thats exactly the point. It isn't wound up, hence people stating no liquidation.

The team are transferred to a newCo, for the short term. The oldCo is somehow (don't ask me how) brought out of administration and the football club goes back to the oldCo.

Doesn't seem possible to me, however that is what Bill Miller is proposing.

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The titles can be acquired by a newco as goodwill or intellectual property. The newco is a 'hive down' company similar to a subsidiary and will take on the assets and honours of the old company. I then believe the old company will be left to agree a cva with the creditors, whilst the newco trades debt free. So we'll still have 54 title and most importantly still be the most successful club in the world!!

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Sorry me again...
"The football club is an asset, and would be transferred to a newco, along with other assets such as the stadium etc. The only entity which would cease to exist would be the corporate entity behind the footbal club"

I am sorry  but how can you transfer assets  that are in administration out of the company  to a newco? The debt's are secured against them! If that was the case the first thing the admins would have done would have be just that. If what you say is true, why are TBK so against doing that? Why if thats the way easy way forward did CW not do it or SDM? Something is very wrong with how this is panning out. Sorry to be so stupid. 

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Can anybody explain how bill miller gets ibrox when not willing to speak to cw seems pretty impossible to me.

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"I am sorry  but how can you transfer assets  that are in administration out of the company  to a newco?"

The assets are transfered to newco, in exchange for fair value cash (11.2m), with the creditors permission. The oldco now has liquid assets to the tune of 11.2m. The oldco goes thru CVA and hopefully remerges as 'filing cabinet' company with no asset value, the proceeds having been distributed and CW hopefully lost in the process. Newco and oldco then merge, toxic influences expelled.

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Well having read all these arguments I think I'll just wait and see.

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Ok..... Right, thanks for explaining it, i see it now. So, first off the new buyer must get a creditors agreement to transfer the assets for a nominal sum to a new company.... Ok based on the BM bid, that values them at less than 11 million. That money would then be used to pay the CVA... Which needs o be agreed with the creditors.... At about 11p in pound.... Then once the CVA has been discharged the assets are moved back the old company from the newco set up the year before.... Preserving the history etc.. Everybody is happy.. However. So I guess Bill was wanting clarificaion that when that happend there was not another 3  year ban for  newco in UAFA.... Making 4 years in total.... Ok. Thank you. 

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Are Rangers fans delluded? All this trash talk about keping your history? A newco emerges as a new company, hisory begins now....to think that you will be able to buy back history is a joke!

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02 May 2012 11:53:29
Blue Knights told by admins a CVA is not deliverable & still cannot provide Craig Whyte’s majority shareholding.

Source: Herald

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If CW is unwilling to deliver his shares and the offer is unacceptable then the consortium have not agreed the original deal with Ticketus.

Anorak.

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But Anorak you told us in very definite terms that the deal was done! Has Brian Kennedy been winding you up?

If only the Blue Knights were willing to negotiate with CW maybe their bid wouldnt be in such bad CONDITION.

Mac

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Well that's two out of two conditions not met. Hope TBK have more tricks up their sleeve.

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Total soap opera im brassed off

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02 May 2012 11:47:39
Fellow Bears - the next 24 to 72 hours could be quite defining for the club's future. That may seem obvious - and perhaps an understatement - but let me explain.

D&P have to make a call - a decision - which is literally worth multi-millions of pounds in finance and with ramifications affecting people's livelihoods, creditors, HMRC and the actual future of Scottish Football. If they call it wrong, it will be armageddon for the club as it stands today. In my opinion the biggest question they must answer as part of their own decision making process, is how do they guarantee Bill Miller does not walk away - after he is granted Preferred Bidder status?

I am concerned there are far too many of us Bears out there who belive once D&P announce the Preferred Bidder, we are out of the woods. Absolutely not! The only thing Preferred Bidder status allows, is someone an exclusivity period (i.e. 2 weeks) to conduct their own due diligence - books, statutory affairs, outstanding litigation cases, HMRC etc. At the end of that process, the Preferred Bidder could yet walk away!

Given Bill Miller's apparent demands of the SFA/SPL for no sanctions to be placed upon RFC, I fear the roller-coaster we are currently on will have a few more ups and downs to go before anything is decided...especially if Miller is granted PB status.

If - as the rumour mill seems to suggest - Bill Miller will edge out TBK/BK for Preferred Bidder status this week, I think there is a very genuine risk he will not proceed after the exclusivity period is concluded. By that time another 2 to 3 weeks will have passed. We're at the end of May. Revenue has dried up. Players deferred contracts kick-in again to original levels and the only option that may....MAY...still be left is to revisit TBK/BK but who likes being second best?

If that Bill Miller scenario played out, that would be a major game changer and one I don't think the club would be able to recover from. Thus it would be liquidation without absolutely any shadow of a doubt.

Liquidation is still a viable option for creditors as there is a case to be argued that proceeds from the sale of Ibrox, Murray Park etc will be far greater than a CVA. D&P have an obligation to consider this in their evaluation of all available options to compensate creditors but they also have a responsibility to try and secure the future trading of the business in adminstration!

So - back to my initial point...the next 24 to 72 hours will define RFC. That means D&P need to make the right decision. This is a high-risk poker game. On paper, Bill Miller seems to be a better "bet" for creditors ....

BUT...

it can be safely assumed the TBK/BK are more likely to proceed beyond the exclusivity period because their motivation is saving the club....

I just have a niggling worry, Miller could yet walk away after the exclusivity period ends. Therefore that - to me - would suggest TBK/BP are the safer bet of the two bids on the table even if their overall penny in the pound CVA offer is less than Miller's.

D&P need to be as certain as they can be that Miller will proceed to conclude the deal after the exclusivity period otherwise we are dead...time WILL have run out! I don't know how D&P can secure that guarantee from Miller and for me that is the biggest question I would want answered before naming the Preferred Bidder.

SPM

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B****cks

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Is that you Paul Murray? Writing this nonsense?
Small correction of an obvious lie ( yeah more lies) Miller didn't edge out TBK he totally blew them away and the award of pref bidder is a no brainier.
D&P need to operate within the laws of Administration.

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Excellent theory and easily justifiable points.My own thinking on this is that Miller might be a stalking horse.This comes from the close ties that Whyte, Ellis and D&p seem to have.I think it might even have been Ellis who found Mr Miller? I think that Whyte was angling all along for liquidation,and the newco renting facilities from him. The rangers fans have to be taken into consideration in this,how many would carry on regardless? They have been used in this whole scenario so Whyte might be shocked at how many turn their backs on his newco..........green jhedi

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Good summary, and correct in highlighting the pitfalls lying in wait........the RFC heart is still beating...just.....we need to treat the patient carefully.

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Have to agree with most of this.

Its an impossible situation. D+P said that they would only accept unconditional bids. Bill Miller initially stated that his bid was conditional on there being no sanctions from the football authorities. He may well have negotiated for some reductions of the penalties already announced but there are plenty of other actions pending that would affect his position. And he will not have obtained guarantees on them all.

The BK/Ticketus bid on April 4 fell down because neither party was willing to produce the 500k non refundable deposit required. If they decide to accept BMs bid now there is no way it is unconditional. And it is highly unlikely that BM will hand over the deposit with all of the uncertainties.

So D+P would need to move the goalposts to somewhere close to the corner flag for it to succeed.

As for TBK/BK, it is clear that the floating charge is still a major issue and also there bid does not provide enough to satisfy the creditors in a CVA.

The lack of action by D+P speaks volumes. They appear unwilling to say anything relevant officially but are using McCoist as a mouthpiece to influence opinion. Bearing in mind that their fees are reportedly in excess of 2m it may appear to some that they are happy to let things drift to liquidation. They will be first in the queue for payment.

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Nothing wrong with your potential scenario, but I do not believe any CVA bid or tempoary newco bid can possibly be less than the liquidated break down value of Ibrox and MP.

The whole object of these bids is to offer an incentive to creditors not to vote for liquidation, offering less is not much of an incentive in my opinion.

Anorak.

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"He may well have negotiated for some reductions of the penalties already announced" - REALLY!

Bill Miller will negociate a reduction of a punishment handed down by a 3 man panel that can only be overturned by the appeals process - don't make me laugh.

Miller is offering liquidation by the back door while threatening the SFA. Once again Scotland finds itself on the recieving end ofm the Donald Trump school of business!

The man has no feeling for our club and no idea of the difference between a business and a football club - No customers marched in the streets to save Woolies!

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Excuse me....I marched proudly to save woolies i will have you know
Cheek

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At last someone raising the point that the sale of the premises and the other assets will exceed the 5 to 7M being offered to a CVA. On another point some commentators are voicing that Football Clubs owed money should to be paid in full, that cannot happen as Rangers will not be in a position to pick and choose who gets paid 100% and who gets a few bob.

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And to the shame of the club , no Rangers fans have marched the streets to save the club! I am shocked and embarrassed by the general apathy shown by our so called supporters from the RST, RSA down.

And don't mention Saturday to me....for a start it comes too late and secondly it was a march against the WRONG people. The SFA are not the villains or architects of our downfall...Saturday's demo was absolutely senseless!

SPM

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"The man has no feeling for our club and no idea of the difference between a business and a football club"
--

What is your alternative? Hardly queuing up are they?

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It does not matter what anyone has said until they get craigy's shares its all smaoke and mirrors

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D&F have a duty to get the best deal possible for the creditors ..... End of!

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02 May 2012 11:57:04
Would it be possible for the Rangers supporters to unite( I mean really unite) and seek legal advice on the possibility of sueing CW for his misuse of their money, the ticketus deal!, another thought on the same subject, the ticketus deal was arranged and put into place long before it was actually signed ,which leads me to believe that a certain Mr Ellis not only brought wee s**tey to the table but perhaps also gave him the information he required to buy the club without spending a penny, what else would he have been promised 20 odd percent of the shares for?Ed could you give me your thoughts on this. {Ed022's Note - The issue is mate, Rangers fan's can't do much at the moment. The fans aren't united at all, they're in disarray which to me is baffling. But more than anything, Murray was the one who put Rangers where they are today, Whyte is unfortunately just getting the crap from it.}

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Sue him for what? The money from Ticketus was for ADVANCE sales of season tickets. D&P have withheld the sale of season tickets so far, therefore the deal is unfulfilled and part of the admin as debt. ticketus have yet to receive any money on the deal brokered and hence the are out of pocket.. CW knew what he was doing when he stitched them up. 

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Sorry no case to answer!Whyte had money in the bank before ticketus deal so try ripping up the deal and see what happens!Scotlawthoughts.Nxt fairy story

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I agree totally about SDM being fully responsabe for this mess but do you think it would be possible to go after Whyte just on this specific point, and why are the Gers fans in such disarray, what is stopping them from getting together to save the club

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"Murray was the one who put Rangers where they are today, Whyte is unfortunately just getting the crap from it."
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That's nonsense ED, While SDM was in charge PAYE and NI were paid. That is the reason we are in administration (presently). Yes there is a big decision to come regarding the BTC.

If SDM was still in charge we would be 18M in debt, we are 50M, a debt racked up in 9months by CW.

Not defending SDM, but think you need to examine the reason we are currently in Admin. {Ed022's Note - I have no response to this at all. You think if SDM was still in charge you'd be 32 million up than from Whyte? I'm not defending Whyte's actions, but for you to say that SDM treated the club better and ran it better, you're clearly having a bloody giggle. Murray ran your club into the ground, realised what he'd done, then bolted and left Whyte to try and save a sinking ship - now when I use the illustration of a sinking ship, I'm not talking a little hole in the side of the ship which is flooding the boat, I'm talking a whole side of the ship missing and falling into the abyss with very minimal hope.}

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I thought that Whyte's proof of funding was the cheque held by Mr withey? and was not in any way real proof of anything, is he not being chased up by the courts over this very point?

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Sue him for the debt that is now a RANGERS debt and was brokered by himself to enable him to buy the club through the payment of the $18 million bank debt

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If and thats a big If, the BTC goes against you,  will you hold SDM in the same light or will you lump him in with CW. CW played a blinder when be took over. So did SDM. CW got shares for nothing, banking on the BTC going against the Club. His non payment of tax last year would have been  buried in the debt of that mess. He must be kicking himself that HMRC have held out so long as he was banking on a buy out much sooner. SDM got shot of the club and his liabilities in full knowledge that the club was sunk and CW was the scapegoat willing to be part of his plan, knowing or unknowing. They are both to blame but at the same time, both to gain. You the fans are the ones who have been left out to dry. That is the shocker. 

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There is no doubt that both Murray & Whyte are equally culpable. Murray's running of the club was nothing short of scandalous and to then give away the club to Whyte without doing any kind of checking was disgraceful. Murray handed over the Rangers to Whyte as casually as if he were buying a tin of beans from the supermarket. Wyhte has run the club appallingly for 9 months and his non payment of PAYE and VAT is shocking. He and Murray should both face criminal charges for this but are both likely to get off scot free and worse still make a profit. While the Rangers fans suffer months of uncertainty and possibly years in the soccer wilderness.

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They are both equally guilty of leaving my club in the mess it's in now, perhaps for very different reasons, I believe SDM was on an EGO trip , nothing to do with improving the club but strictly personal, CW as you say knowingly or otherwise put the boot in at the end but they are both guilty of killing at least the reputation of the club, and we should be looking at different legal means of punishing them, perhaps making public all the wheelings and dealings of both these"gentlemen"whenever we can do this legally, and as for the real rangers men on the old board I wouldn't trust them anymore than I would trust CW

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02 May 2012 11:34:25
Lothian and Borders Police have been asked to attend a press conference planned for Thursday (3rd May) to be held by HMRC in a yet undisclosed Edinburgh venue. It is believed that HMRC will finally announce the result of the BTC and rumours are that it will be no less than half the amount due in full. A figure of around £55M to £60M is being suggested.

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And what GREEN top has that been announced in. Do you not think it would be everywhere if something like that was afoot? Another total load of sh**e

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What a load of tosh where did you get this from?? another stupid rumour
Gazza

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Why would you require police at a press conference ?

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55-60 million would be way more than half,. the EBT case can be up to 75 million,

so have of that would be 32.5 million,

so about just over half of what u are suggesting

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The only problem with your rumour is that HMRC wont be announcing anything because it is an independent tribunal that is deliberating over the legalities of the issue..........try again......

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Bring on Thursday 3rd of May then, then it'll come and go like every other day that HMRC were gonna announce something

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It does not matter what the final debt is, Rangers can not afford to pay it, even if it was nothing Rangers are insolvent.

Rangers book assets are valued at 100 plus million ?

This is not the market value of these assets, try 30 million, Rangers owe more than 30 milion without the BTC.

There is another elephant in the room, if it was simple to downsize Rangers and cut costs to break even, then why was it not done under the previous two owners ?
Rangers are stuctured in such a way that they need Europe just to survive, and getting rid of high wage earners is only half the problem.

The whole business model is too expansive and expensive.

Anorak.

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Assuming BTC is the full 75 million, add that to the 15 million that Whyte didnt pay during his tenure would make it 90 million.

135 million is the total potential debt. If you are going to make stuff up at least get your figures right.

I do believe the BTC figure will be in the vicinity of 55-60 million though.

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"Why would you require police at a press conference ?"
Why would you need extra police at a Raith Rovers home game? Why were three individuals given police protection?Because Rangers fans didn't like a decision they got.
Al

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L&B police cannot be 'booked' to attend a meeting!

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I was told by an employee of HMRC that the decision on the big tax case has indeed been decided , but HMRC have agreed to wait till the season is over before making an announcement , he didnt say how much Rangers are liable for , but did say it is not good news , he also said that HMRC will not agree to a CVA as they are using this as a test case and intend to go after other clubs guilty of misuse of EBT's , you dont need to believe me , but it will be with you shortly .

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Hmrc will not announce the verdict i it will be the panel of judges who dealt with the case.
both hmrc & rangers will be in attendance - it does not end here as the penalties have to be decided by another tribunal id rangers are guilty - hmrc have said they will appeal if rangers win

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