Rangers Rumours Archive March 31 2012

31 Mar 2012 23:01:08
Why can't Craig Whyte pay the bills his wealth is like £800 million needs to pay £100 million but he doesn't and this liquation stuff it doesn't make any f*cking sense it like be having £800 but I can't buy something that is £100?

A pint of what you are on please. Whyte doesn't have �10m never mind �800m.

Whyte's wealth is a total mystery. Where it comes from no one knows but with homes in Monaco, Belgravia ans a highland castle he has some wealth but from where? there's no obvious business successes to support his wealth

Doubt whyte is really worth 800m.

Any businessman will not pay 100 million bill since why should white if that the case why didnt Murray as it is his mess

�800m you havin a laugh. the guy is bearly worth �10m

Do people Really think he has 800 million stashed away? Even if he is worth 800 million it wont be Cash. Itll be assets. Completely different.

After nearly a year some people are still brainwashed? Where have u been?

Hes so wealthy that he stays in a mobile home on his highland castle estate as the castle needs nearly half a million in repairs and he can't afford to do it himself! 800 mill

Did he not just run as chairman and majority shareholder a company that did not pay �9million.......

do that a few times and you could be very rich, if you could get away with it (liquidation), you could be very rich....

doh!

Ok so hes got 800M (best case scenario and by some miracle) He and people like him worship money. IF he had that money he would never use any up that he did not have to as he as he is a money lover. Venture capitalists are the lowest form of life in the business world and Mr Whyte is one of those. PS So are the US outfit. Beware!!

Mr C White knows the due process of law and what he can get or whant he cant get are in conflict.The fiscal scales of the judicial system may not be in line with his wishes or desires.This game of chess will continue until he is or is not striped of his directorship. Which the former controling director would have lost directorship should he not have sold the club and debts that would have had him removed as a director of all his other companys.Mr C White is in the same position now.

Aaahhh,you met him didnt you? surely he told you this himself?! maybe hes saved up all his cash from starring in happy gilmore as shooter mcgavin.

Whyte rents in Monaco (or someone pays the rent!) no proof he has a property in London

The end of this process is in the courts....

where "rangers" as it exists will fight against whyte, d&P, HRMC etc etc

only issue is that "rangers" as it exists at present looks bust - and you dont get (free) legal aid in that case.....

so rangers wont be able to fight - and the others will - maybe whyteeeee playing a blinder...

possession is 9ths of the law!

he has the money to fight legal cases - and only has to win one of them...

if he risks �1million in a legal case - and wins ownership of ibrox ... wow - he very smart.

I would even question where Whyte got that pound he used to purchase SDM shares.

CJM

Not smart enough to check Scottish law 2006 Financial Act.
It was Ticketus who he openly admitted payed Lioyds TSB
Lord Hodge clearly stated the contract over that payment was between "Rangers FC and Ticketus"
D&P issued a “Memorandum of Offer” inviting expressions of interest in acquiring either the majority shareholding in Rangers or most of its business assets. The Memorandum of Offer issued on 14 March 2012 invited interested parties to assume that “no future revenue needs to be committed to Ticketus” both in the context of a CVA and a trade sale of Rangers’ business and assets. D&P issued a revised Memorandum on 16 March 2012 which contained a third option of a CVA in which the arrangements with Ticketus continued to have effect.
So Whyte has not payed the �33 million into Rangers FC that were in the terms and conditions of the sale (breach) in which case the assets revert back but to whom?
Lord Hodge stated that Ticketus have no rights to assets and are merely unsecured creditors
So that leaves us with SDM and the only other possibility Rangers
HATE THE LAW NOT THE PLAYERS

I think whyte has a finders fee from the yanks?

Whyte is a penniless crook who has assets because he is a smooth talker. This episode with Rangers will ruin him in the UK. Thankfully. He is a disgrace to business men and women, he is adisgrace to himself adn his family. Most of all, he is a disgrace to Rangers FC. i seincerely hope when he is bought out no trace exists of him in Ibrox.

RFC is not worth 100 million, and will not make 100 million in a hundred years. The long term plan will be to stabilize the operating costs to approx 40 million per year. At the moment the costs are 50 million plus, which incurs a 10 million loss if RFC does not get into group stages of CL. In future Rangers will make 10 million if they qualify for group stages, they can use this profit to strengthen the squad but cannot offer player contracts that would exceed this amount.

On the bright side if RFC gets to the group stages twice every 5 years then they make 20 million to spend on contracts, assuming money is not needed for ground repairs or repaying the taxman.

The big question will be can Rangers or Celtic get to the group stages on limited budgets with players with obvious limitations. I believe both clubs will return to being selling clubs, they will rely largely on producing home grown talent and selling them onto the English Premiership and Championship.

31 Mar 2012 22:00:36
Companies House will decide on an appropriate name. Most liquidated companies have to use a totally different name. As its a government agency and were dealing with potentially the biggest tax fraud in Scottish history they may elect not to Allow the shameful word 'Rangers' ever again.

Utter rubbish (Rangers 2012 ltd)apart from the �39.99 registration fee companies house has feck All to do with names

Companies House can refuse to Register a company name for many reasons. Including the Name of similar names already registered. Previous similar named company liquidated, etc...

Your hatred runs so deep you cannot rationalise and understand the implications for your own club,what really are rangers and Celtic without each other , do you really believe that without serious competition your club can rely on people buying season tickets for a one horse race,I'm sorry I just don't see it.The truth is I would be saddened if Celtic were in this position because our rivalry is the only thing worth talking about in Scottish football.So by all means enjoy our discomfort but you will soon understand that the two clubs are joined at the hip and everybody loses with the liquidation of Rangers.

RS

Are you lot stupid ? two compamies were registered long before admin with rangers in the name.remember ?? thats what started all the talk before rangers did go into admin.that is how its done,liquidate then start with as similar a name you can. probably glasgow rangers ltd !!

The good old switcheroo!!!!!!

Is it true that whilst we all talk of "Rangers" being liquidated that there is more than one 'company' involved ie we have the 'football club' owned by a parent company ? If so what part is it thats being administrated/liquidated ? Could it be possible for a new company to be formed to deal with the business side of the operations and lease facilities to a 'football club' which could be a charity formed for the 'promotion of sport' and health etc. Could the heritage side also be suitable for charity status ie Stadium tours a museum etc ? If a membership scheme was operated - different from Season ticket sales! - With an annual subscription, then any charges to 'members' would not be subject to VAT - increasing revenue by 20% It would mean tickets kit (uniform of members) etc could still be sold to non-members but non-members subject to the VAT.
3 Areas in this 1-operations property maintenance etc, 2. promotion of football & sport (charity) and 3-promotion and protection of history and heritage (charity) 1st area would be operated by a company and the facilities leased to the charities, then the charity angles owned by the members and managed by an elected board of trustees.
As for the players well charities do employ folk for the promotion of the charity aims and objectives Why cant all players undertake youth coaching badges as part of their working week as well as promoting the sport on a Saturday.
The time bears has come to start thinking about how we move forward in a new eara and to think out of the box to keep us in the brox

To the charity guy, nice effort mate, but there's SFA and UEFA regulations which require football teams to be limited companies paying their social taxes on time in their countries. An SPL football team or SFL football team can never be a charity. Registered charities cannot pay the salaries of professional football players.

Please go troll somewhere else! zzz

Club 2012 for me.

Fellow Bears the name 'Rangers' is tarnished, how could it possibly not be? Some even have a right to think the name shameful.
We shouldn't over react to people expressing what they see as the truth even if it depresses us. It's their right to freedom of speech freedom of expression, and whether we like it or not, our old office bearers ruined the club and have tarnished it indefinitely. Nothing will ever clean this taint this stain, it's indelible.

No they dont it happened with leeds utd afc 2007 plz get ur facts right

"Club 2012 for me"

If only Rangers had been formed in 1830 instead of 1872, then they could have called any daft newco "Club 18-30". Oh wait......

Nothing happened to leeds united other than they had to sell off facilities and staff to avoid liquidation
"plz get your facts right"

31 Mar 2012 21:04:47

Well after me stating on this site about Gary withey , craig whyte etc , I will say the latest rumoue is rfc will go into liquidation very shortly, Paul murray has had all doors closed on him by DandP craig whyte still has a massive part to play in this soap opera. There has been no attempt to get rfc back off whyte or any intended court action, Most people I have spoken to think this was always the case , whyte hopes to lease his asset ibrox back to the newco on a weekly rent 50k-75k laugh it this if you want , I will be proved correct in the next few weeks....AS

Totally agree, having watched a local english team go through administration, I have been surprised at the length of time taken and the lack of announcements by Duff and Duffer. I believe this has been that little t**ts preferred outcome all along. Liquidisation is not an option it is inevitable and with the new legislation re company debts to start on the 6th April this could be our last week as we know it.

Sir David Murray is totally responsible for bringing a 140 year old institution to its knees, yes I enjoyed the success at the time ,was it worth it NO it was not .I have supported Rangers for 45 years but I feel liquidation is inevitable .SDM said we were all duped by CW f***ing nonsense , CW moved in with a plan to take us into liquidation and it seems to be working a treat .Are there Rangers fans out there that feel the same way as me with regard to that man owning Ibrox and the supporters paying via the turnstiles rent to this morally bankrupt imposter.I cannot believe the club I have supported since I was 6 years old will no longer exist,i'ts just too devastating to take.Due diligence by SDM ,what a joke.

Ibrox is an asset which has the right to be sold to other bidders for the best price whoever that is the new feam , tesco or any body or hmrc hold in a legal battle so nobody cab touch it for three years?

We have been bought and sold large sums of money have been made by all involved we the fans need to look at ourselves and look to the future many of our so called RANGERS MEN with their requests for money should look at themselves who will give the living that we real loyal Rangers provide them with Aye Ready does not mean willing to be ripped off always

Hate to say but current bids are from bottom feeders, liquidation only attractive option for them. This leaves rangers and scottish club football in the total S##t, the already pathetic tv deal will b scrapped, regional clubs will lose 20% turnstile income, Celtic will have no realistic rivals thefore the sport will be deminished for years to come. The scottish prem will struggle to suppport full time professionals. I am a celtic fan and i could greet, god knows how you guys feel!

Ibrox can be end up owned by anybody for any purpose.

D&P have either played a blinder (on behalf of CW) or are the most inept administrators that have ever been involved in a football club.
If they liquidate it WILL be before 6th April when the new tax laws come into force.
Co-incidence they have given bidders till Wednesday (4th April) to get their act together? I don't think so.
Liquidation possibly on the Thursday 5th then to avoid any newco being subject to the new tax laws.

If it's a weekly rental charge then does that mean that Rangers could block book it for all their home games, saving �100 to �150K a month?

Who would then pick up the running cost when Rangers aren't using it... don't tell me CW!... and don't tell me concerts etc, as this would be dependant on mainly the people of Glasgow/Scotland filling Ibrox every second week, and that won't happen.

I would generally say that one half of Glasgow won't contribute their hard earned ��� to CW & Ibrox, but I think it's fairly safe to say on this occasion that the other half also won't outside of football.

Everyone is saying liquidation is likely soon but it's not. Not till after the season is ended at least.

This was his original plan - however a newco has no finacial accounts and i believe that you must show accounts for previuos year and a buisness plan for next 2 years. i.e newco vs cove rangers.
my money would be on cove rangers. liquidation means kaput. newco means a new company who would need to start at the bottom wherever that is. the football structure in scotland means that everyone moves up 1 place leaving a battle for the vacant place in the lowest division

31 Mar 2012 19:19:42
watched CH4 program noticed that a few directors where implicated but unless im mistaken no players have been implicated Yet.

Pad

Alex Rae said he used it m8 no dought it will come out in the wash just like the rest kenny bluenose

Bain, Smith, Greg all been paid by EBT I can't believe Super Ally and Paul Murray will be named eventually of receiving EBT payments.

Alastair Johnson has admitted having an EBT. We know McClelland sanctioned them.
It would be strange if McClelland wasn't on one.
Was David Murray on them? They were all administered from Murray Headquarters in Edinburgh.
Importantly who introduced David Murray to Ellis??

What's amazing is how the pack of dogs came out and attacked the former rangers director who admitted them.
SDM personally came out and said he had a personal vendetta. More smoke and Mirrors.

I read that the HMRC have a list of players as well as directors also 2 managers .There main witness was the guy who did the contracts

Does anyone know if HMRC will also be chasing the players still based in the country? As at the end of the day, we are all liable for our own taxes - ensuring we pay the correct amounts

By naming the directors proves that they new about there use

31 Mar 2012 16:17:24
Please read this from Walter S

www.guardian.co.uk/football/2012/mar/30/walter-smith-rangers-craig-whyte

1) Craig Whyte gave the £18m to
the bank.
2)The bank had received £34m in
three and a bit years.
3)You can make your judgments
on what happened previously.
4)Walter Smith defended past
regimes at Rangers saying the club
had been well run up to last summer.


We cannot believe this anymore
We know now what has been going
down and the truth is there.
We know how they were all paid.

Has Walter ever received a EBT's
Does this add up?

How could the club have been well run when it was being run by Lloyds?
Actually the previous board ran it so badly and took so much that Lloyds had to run it. And run it better they did.

They have all been on the take ! then they beg for supporters to dig deep

Smoke and mirrors from Walter I'm afraid.
Part of the old board that brought Rangers to Liquidation. HMRC and Murrays old Lloyds debt brought us to this and no rhetoric from any of them changes it.

Does it matter who the club gave etb's to? The club are responsible of found guilty!

Channel4 described Rangers as a business and footballing car crash.
We mustn't forget the business scandal here. This is potentially the biggest tax scam in Scotland's history. �15 for every man, woman and child, in Scotland all 6million of us. Hospitals, kidney machines, heart machines, ......,

Our Walter was getting the cash in his pocket so seen nothing. The bank ran the club and the reason it made up on some of the debt is because the board could not ask for money out of the EBT fund.......b

The bankers were the people who stopped the fund as soon as they took over BOS and stepped into Ibrox. They couldn't believe what was going on. The bankers knew it was tax evasion.

Bain, Smith, Greg all been paid by EBT I can't believe Ally and Paul Murray wont be named eventually of receiving EBT payments, it will kill off Blue Knights bid!

Im really disapointed in this the men who ran our club they should have been setting standards not all this cloak and dagger stuff probally more will come out this has really put our club in bad light gutted rangers fan

Face it fellow bears we are finito. Liquidation beckons. We owe too much dosh now, circa �100m. We have lost the big tax case as well. CERTAINTY.

31 Mar 2012 14:31:20
Darrell King on radio clyde saying we could be liquidated as early as friday. i am sh*tin g myself!

Club 9 get Rangers on Wednesday. Rangers Go into Liquidation Friday. �25million from Club 9 buys the Assets and goes to Creditors.

How can he say tht wen theres still 4 offers on table

There's 3 offers and two want to liquidate.
The other is TBK.
D&P have said they might not give Rangers to any of the 3.

3 offers on table an 2 of them want gers to go under an start newco thats why he can say it


TB

Looks like Dave king was right afterall liquidation is inevitable now.rip glasgow rangers 1873 to 2012.

He can say it because it's the truth people have to open their eyes there is no hope left.all the other bids want the club liquidated so they can get their hands on the assets and sell them which of course Craig whyte and probably administrators would prefer.

Rangers will be liquidated by Friday next week

Still think the admin duffs will pull a rabbit from the hat! Dont go filling your pants just yet!

I wrote the main headline not just on what darrell said but also heard that the statement made by paul murray today which you'll read in tomorrows papers is further evidence that liquidation will happen very soon.

Pure lazy journalism on Darryl Kings part, easy to say something could happen, equally it may not.In theory anything might happen.Would have more respect for his opinion if he put his money where his mouth is and put his reputation on the line and said that it will happen.We can all play guessing games, he is supposed to be ajournalist though, and his opinion is supposed to carry some weight. I bet he is well paid enough.

I doubt Rangers will be liquidate by next Friday simply because liquidation papers have to be submitted to the court and this takes time. I suspect the remaining fixtures will be meet.

D&P know rangers are worth more if they are liquidated and so do the possible new owners.

Surely Craig Whyte is the main culprit especially where ticketus is concerned. He struck the deal with them behind the fans and RFC's back. So this has to be fraud and so he should be liable for that part of any debts along with the millions in tax he accrued since taking over. Why should he get off scot free?

If Rangers aren't liquidated before next Friday any NewCo will still have to pay they're existing debt and tax due to a new law. Therefore Rangers will have to be liquidated before Friday. D&P know this and have been edging towards this option from the start.

Rangers will be liquidated if and only if no bid is accepted.

STV today, Sunday, online. D&P stating any new owner may wish a new framework and decide to liquidate, which is their right. This will get rid of all known and unknown debts.

31 Mar 2012 12:35:38
Papac needs to be replaced, where is he even playing?Terrible passing and has no positional awareness.

Talk about heads in the sand. You really are rearranging the deck chairs on the titanic.

Bar Goian he is our best defender

Papac has been rank all year.

No one can possibly complain about any of our players. Sasa has been the most consistent player we have had. These players are paying for what previous players gained ,so to slag any off is out of order. You go into work next week and the boss tells you that he is cutting your wage by 75%, how hard will you work.

Show some respect to one of our most consistant players over the past few years

I am not slagging the guy off and I wont deny that he has been a good servant for the club. However stating that he has been our most consistent player may be true but he is consistently average. For YEARS he has cost us goals by failing to track back and poor marking and is incredibly frustrating going forward as he usually hoofs it 40 yards to nobody and has no right foot. It really highlights how poor we are when a significant % of our support think he is one of our better players! Wallace is far better in every way.

31 Mar 2012 11:58:04
to all rfc fans worldwide,i would like to thank you all for the sympathy you have shown to stan petrov .i know on these sites fans of like to get one over on each other ,but most descent fans on both sides of the old firm,have a best mate or relativewho supports the other side.and would stand by them through thick and thin.alright we do have a crazy hour and a half of rivalry four or more a year,of which the world media see and relish.but they do not see the friendships of both sets of decent fans after the games,yes there is the slagging for a few days if your team gets beat,but that is part and parcel of being an old firm fan and the majority of the fans know this.ok you get your hatefulled bigots on both sides.but this minority should be the true picture painted around the world.i would love the rld press to show letters that the rangers faans have shown today for an old enemy who has been struck down with critical illness and the support and kindness shown in tier letters of support.as a celtic fan myself who grew up watching great teams in the sixties and seventies ,i would like to thank the great rangers support for thier support for stan and his family especially when the the ordinary working class rangers fan is going through tormoil themselves at what is going on.with thier great club at this moment in time.i for one hope this great club pulls through these dark times.as scottish football will be finished if any of the old firm are lost and people should relize that fans are the people who hurt and feel the pain of the club when the clubs go through bad times,not the media who thrive on this ,not the money men,but the ordinary fan who pays out most off thier weekly wage to follow thier team with pride,well again i thank you rfc supporters and you will come through this torrent time

Well articulated mate. Joe PRC

To the above post football takes a back seat when you hear bad news stan was a good celtic player and a honest decent guy all ive heard is good reports about the guy get well stillian petrov from all true bears

Well said yes all true rangers fans should wish stan or any other human a speedy recovery after all we are "all jock tamsons bairns "

Well said! in situations where someone life is under threat, fans of any team should come together in support. I really hope Stan beats this and my thoughts and prayers are with him and his family and I'm sure every true Rangers fan like myself will feel exactly the same.

Well said sir, a credit to your team

Well said puts it all in to perspective football is important but not as important as life get well soon Stan