DonsTalk
Main Board => Football Chat => Topic started by: mizer on December 05, 2010, 10:04:35 AM
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http://scotlandonsunday.scotsman.com/football/Sale-of-Rangers-FC-39will.6650410.jp (http://scotlandonsunday.scotsman.com/football/Sale-of-Rangers-FC-39will.6650410.jp)
Sale of Rangers FC 'will go ahead by mid-January'
Published Date: 05 December 2010
By Tom English
A DEAL to sell Rangers Football Club to Scots venture capitalist Craig Whyte will go though by the middle of January, according to senior sources at the club.
Whyte, 39, met with Ibrox chairman Alastair Johnston in Glasgow to discuss the purchase of Sir David Murray's shareholding in the club.
The proposed £33 million deal will wipe out the existing debt that has stymied Rangers in the transfer market for two years.
Yesterday, sources at Rangers said the deal, barring any late hitches, could be completed before Christmas but it is more likely that it will be done by the middle of January. "We can't say with 100 per cent certainty, but Whyte has the money and is very convincing. We think the deal will happen," said the source.
Murray has presided over Rangers for 22 years but has been keen to sell his stake for some time.
Hopefully the debt thing is not true as that is what is holding them back at the moment.
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It'll be a leveraged buy out, the debt will just go someplace else.
I wish one of the richest people in the country owned us ::)
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This may sound daft but this could actually be a bad thing for the huns. Despite what the retards who follow them think, David Murray was brilliant for them, him not being involved with them may end up hurting them more.
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There is still the HMRC thing to come . . .
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What a fucking delusional bellend:
http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/3337270/We-will-note-this-down-as-the-day-bankers-cost-Gers-the-title.html
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A fucking irrelevance and thoroughly horrible cunt, read who the "author" was and declined to read it.
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Even sillier considering he's rejected the move.
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Even sillier considering he's rejected the move.
Source?
Re: Goram's "article". The sheer lack of self-awareness from these cunts defies belief.
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Source?
I read on another forum that he has rejected it as he wants to move to the continent in the summer. I've seen no confirmation of this though.
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I read on another forum that he has rejected it as he wants to move to the continent in the summer. I've seen no confirmation of this though.
http://www.guardian.co.uk/football/2011/jan/07/kenny-miller-birmingham-rangers?utm_source=twitterfeed&utm_medium=twitter (http://www.guardian.co.uk/football/2011/jan/07/kenny-miller-birmingham-rangers?utm_source=twitterfeed&utm_medium=twitter)
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Somebody's just told me Diouf has signed for Der Hun?
PMSL if this is true.
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Somebody's just told me Diouf has signed for Der Hun?
PMSL if this is true.
2040: DONE DEAL Up in Scotland, we are hearing that Rangers have signed El Hadji Diouf from Blackburn and defender Kyle Bartley on loan from Arsenal. Aberdeen, meanwhile, have signed former Rangers defender Steven Smith on loan until the end of the season, the 25-year-old making the switch from Norwich, but striker Andrius Velicka and defender Jerel Ifil are to leave the Pittodrie club.
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I've always suspected he was a hun fuck. Now it is confirmed.
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Diouf is a cunt. He'll fit right in there.
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Somebody's just told me Diouf has signed for Der Hun?
Ouch ya fucker :o
Interesting times ahead.
Odds on him staying on the park for ninety minutes in a derby game have to be almost non existant
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They play the Tims three times in the next six weeks I think! Could be tasty.
Never has there been a more appropriate transfer. Cunt of a club for an absolute cunt of a man.
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I'm disappointed about this, Diouf may be a cunt but I always thought he was an anti-establishment cunt. Turns out a cunt is just a cunt, who knew?
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Rangers only bought this dude 'cos he spat on the Celtic fans a few years back! :lolabove:
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Absolute cunt of a man playing for absolute cunt of a team.
Will suit him and the fans of the scum very nicely.
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Evidently the Huns weren't happy with Celtic becoming the most despised team in the country and had to do something to get their place back.
Either that or the old cunt Smith has decided that he's just going to go mental and cause total havoc in his last six months in charge.
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Diouf signing for the huns surprised me a bit in that I'm surprised it's taken so long for him to sign for them.
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Aye its amazing what a club with supposedly nae cash can put together.
Fuck off Smith. As per usual you have outspent 99% of the SPL. No money the plook on my arse.
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Aye its amazing what a club with supposedly nae cash can put together.
Fuck off Smith. As per usual you have outspent 99% of the SPL. No money the plook on my arse.
I put this point to a hun I know and was informed that it was different though as youz dinna need onymare money. We hiv got ti challenge on four fronts and go for i league. Youz hiv only ti go for europe.
When I explained to him that this was utter horse shit and we would also like to spend big to win the league, the league cup and the Scottish cup as well as compete in Europe he looked incredulous that an aberdeen fan should get so far above his station. Seems the rest of the league should be happy with what we have got but god forbid one of the old firm spends so much money the banks decide it is unwise to let them rack up further debt that they will struggle to pay they pull the plug. Utter deluded fuck nuggets.
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I think the whole set up within Scottish football is now set up so that the 80's will never happen again. We will get the occasional "provincial" (I fucking hate that term-would you call man u/city as provicial because they are not a london team. Would you fuck) cup win from hearts or unt. But what we wont get is a sustained season long challenge for the league as club finaces out with the old firm mean that other clubs dont have the strength of squad to plug gaps caused by injury and disciplinary absence. It will always be that a team such as hertz just now can keep it up for half a season then tail off.
The more i think about it like this, the more i think I want them to disappear into some half baked atlantic no-one gives a fuck league where the biggot brothers can essentially play each other to thier hearts content.
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I put this point to a hun I know and was informed that it was different though as youz dinna need onymare money. We hiv got ti challenge on four fronts and go for i league. Youz hiv only ti go for europe.
When I explained to him that this was utter horse shit and we would also like to spend big to win the league, the league cup and the Scottish cup as well as compete in Europe he looked incredulous that an aberdeen fan should get so far above his station. Seems the rest of the league should be happy with what we have got but god forbid one of the old firm spends so much money the banks decide it is unwise to let them rack up further debt that they will struggle to pay they pull the plug. Utter deluded fuck nuggets.
I totally agree with you, however, I think his attitude is reflected in some of our very own fans. Look at how the semi final on Saturday was such a big deal to us all, when these things should be common place. So many of us talk as though we have no right to challenge for anything. You can take it back to even the 2000 Cup Final, Dons fans doing the conga round Hampden as we're getting pumped 4-0 from our most hated of rivals; it gave off the impression we were happy just to be there when for me personally, it was the second worst day I've ever had supporting Aberdeen but I hadn't realised that overnight we had become the club version of the Tartan Army.
Maybe we wouldn't be seen as, or treated as a tinpot club if we didn't act like one, and that goes all the way through the club now.
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On the subject of provincial clubs, why the fuck aren't the Huns and Tims considered to be fucking provincial clubs. Glasgow isn't the fucking capital city y'know.
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On the subject of provincial clubs, why the fuck aren't the Huns and Tims considered to be fucking provincial clubs. Glasgow isn't the fucking capital city y'know.
Really grates my shite as well Dave.
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On the subject of provincial clubs, why the fuck aren't the Huns and Tims considered to be fucking provincial clubs. Glasgow isn't the fucking capital city y'know.
:lolabove: Like it makes a fucking difference; Glasgow's clearly not a "province" because it has the biggest population concentration in Scotland.
lol @ these:
"He's blue, he's white, he spits on fenian shite, El Hadji Diouf, El Hadji Diouf."
"El Hadji Diouf Diouf Diouf
Think that Lennon is a poof!
El Hadji Diouf Diouf Diouf
Knows that Big Jock knew the truth!
To the left, to the right, he spits on all the Fenian shite,
He is blue, he is black, and he loves the Union Jack."
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lol?
I fucking cringe at these morons existence. :hammer:
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:lolabove: Like it makes a fucking difference;
True.
Glasgow's clearly not a "province" because it has the biggest population concentration in Scotland.
So? Look up the definition of the word. Any anyway, to the filthiest of the Hun vermin the real capital is either Belfast or London.
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So? Look up the definition of the word.
If you seriously believe that Glasgow is a province, particularly in terms of the Old Firm being provincial teams, then I think it's you who needs to look up the definition of the word.
prov·ince? ?/?pr?v?ns/
–noun
1. an administrative division or unit of a country.
2. the provinces,
a. the parts of a country outside of the capital or the largest cities.
b. (in England) all parts of the country outside of London.
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a. the parts of a country outside of the capital
:thumbsup:
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ha ha ha! hud at min! :lolabove:
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Diouf wins the cunt-off by a ball hair oot of those two.
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Former Scotland winger Neil McCann is poised to come out of retirement and play for hard-up Dundee at the age of 36. (Various)
Former Dundee United and Rangers midfielder Charlie Miller has joined Third Division strugglers Clyde and will play for nothing. (Daily Record)
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Don't know if this has been posted elsewhere or not, but brace yourselves if this is new to you... [Link possibly NSFW]
http://www.rtp.pt/noticias/?t=Adeptos-do-Glasgow-Rangers-em-Portugal-para-enfrentar-Sporting.rtp&headline=20&visual=9&article=419326&tm=27
Discuss...
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It's catchy.
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Don't know if this has been posted elsewhere or not, but brace yourselves if this is new to you... [Link possibly NSFW]
http://www.rtp.pt/noticias/?t=Adeptos-do-Glasgow-Rangers-em-Portugal-para-enfrentar-Sporting.rtp&headline=20&visual=9&article=419326&tm=27
Discuss...
Yes. It has been posted elsewhere.
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The things you see when you dont have a gun....
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Nottingham Forest have signed Middlesbrough striker Kris Boyd on loan until the end of the season.
The Scotland international, 27, joined Boro from Rangers in the summer but has struggled to settle at the Riverside.
Boyd, who was signed by previous boss Gordon Strachan, had been linked with a move in the January transfer window.
He told the Forest website: "There are a lot of games coming up in a short space of time and I want to help Forest get into the Premier League."
More to follow.
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It's Friday after all.
The amount Rangers owe to creditors due within the next year has increased by nearly £3.5m to £29m, according to the Scottish champions' half-yearly report.
Most of that is believed to be owed to Lloyds Banking Group, but Rangers insist that their net debt has fallen while refusing to say by how much.
The club suffered a drop in pre-tax profit from £13m to £9m during the six months to 31 December.
Turnover for the six-month period decreased by £4.1m to £33.7m.
Rangers say that was because of fewer home games for the Glasgow club in the Scottish Premier League.
There was also a 4.9% decline in the number of season tickets sold, together with a reduction in sponsorship income.
Rangers chairman Alastair Johnston said the current economic downturn and the disruption to fixtures due to extreme weather conditions in December had added to the club's financial problems.
But he took the opportunity to criticise the club's banker, Lloyds Banking Group, for making manager Walter Smith more difficult than necessary.
"While we appreciate the support of the Lloyds Banking Group through the Bank of Scotland in extending our credit arrangement and recognising the progress that has been made in developing a template for collaboration, certain provisions imposed on the club continue to compromise, in our opinion, management's ability to conduct its role with maximum efficiency," Johnston said in his statement.
"Having said that, as has been widely reported, the majority shareholder is currently engaged in ongoing discussion with a view to selling its equity interest in the cub.
"The outcome of this process could change the role that the bank will play in going forward in its financial structure."
Johnston was making reference to an ongoing takeover bid by Scottish tycoon Craig Whyte, who this week appeared to move closer to a buy-out of Sir David Murray's shares.
"We are all acutely aware of the distractions off the park but can assure all stakeholders that our objective of adding the SPL trophy to the Co-operative Insurance Cup and providing Walter Smith with a fitting finale is resolute," said the chairman.
"The strength of the club is in its collective and unyielding support to achieve footballing success."
Indeed, despite Smith being restricted in his movements in the transfer market, player costs have remained around the same thanks to the addition of Nikica Jelavic, Vladimir Weiss and James Beattie.
The latest figures also show that Rangers' gained more from the sale of Danny Wilson to Liverpool and Thomson to Middlesbrough than they did the previous year for Barry Ferguson to Birmingham City and Charlie Adam to Blackpool.
"Net operating expenses at £21.1m are in line with last year, with base salary costs at similar levels and reduced matchday costs offset by higher maintenance expenditure and provisions for doubtful debts," explained Johnston.
"The increase in amortisation of player registrations reflects the additions of Jelavic, Weiss and Beattie to the squad, whilst the gain on disposal of player registrations of £3.7m includes Wilson and Thomson compared to the lower gains for Ferguson and Adam in the prior year."
Johnston also acknowledged the investigation by Her Majesty's Revenue and Customs over a tax issue relating to offshore payments to players and the Murray Group Management Limited Remuneration Trust.
"I would emphasise that no allegations have been made to suggest any illegal activity and tax vehicles of this type have been used by a number of companies throughout the country," he added.
"We continue to vigorously contest HMRC's challenge on the taxation treatment of the trust and, in doing so, continue to receive reassuring opinion from tax, accounting and legal specialists."
http://news.bbc.co.uk/sport1/hi/football/12932160.stm
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"While we appreciate the support of the Lloyds Banking Group through the Bank of Scotland in extending our credit arrangement and recognising the progress that has been made in developing a template for collaboration, certain provisions imposed on the club continue to compromise, in our opinion, management's ability to conduct its role with maximum efficiency," Johnston said in his statement.
So, even though the bank have allowed Rangers to extend their overdraft or at least the period of time they can have the overdraft so that they can continue to lose money as a club, the bank are still at fault for not giving the old cunt Smith more cash to spunk away on players?
Fuck right off you shower of wankers.
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Interesting that since I posted that link, the title of the article has changed from something along the lines of 'Rangers announce increseased debt' to 'Rangers chairman admits club could go out of business'.
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Interesting that since I posted that link, the title of the article has changed from something along the lines of 'Rangers announce increseased debt' to 'Rangers chairman admits club could go out of business'.
Well, here's hoping :D :thumbsup:
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Cheered my day right up that did. :wave:
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Hope these fuckers go down.
I had one of their scum fans accuse me of breaking Durrant's ankle tonight.
Upon finding out I supported Aberdeen he attempted to shake my hand and said:
"ach no hard feelings, you only broke Durrant's ankle."
"eh? me personally?"
"well aye, yer all at it"
???
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Ever wonder where their hordes would disappear to if they did vanish?
Would Firhill suddenly be sold out every week?
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Ever wonder where their hordes would disappear to if they did vanish?
Would Firhill suddenly be sold out every week?
Why most of the glory hunters come from other areas of scotland
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Hope these fuckers go down.
I had one of their scum fans accuse me of breaking Durrant's ankle tonight.
Upon finding out I supported Aberdeen he attempted to shake my hand and said:
"ach no hard feelings, you only broke Durrant's ankle."
"eh? me personally?"
"well aye, yer all at it"
???
Should have said
"aye, well extremely hard feelings over McMaster, Snelders and Leighton."
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Should have said
"aye, well extremely hard feelings over McMaster, Snelders and Leighton."
I once had a hun tell me that they tried to get the ref to let us bring Esson on in the Scottish Cup final. :-\
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RANGERS fans are set to be hammered with a three-match Euro ban for singing sectarian songs.
Last night Ibrox chiefs were also bracing themselves for a "heavy" fine which could be as much as s100,000.
And there are now also fears that UEFA's determination to clamp down on Rangers' bigots could further delay, if not derail entirely, Craig Whyte's s25 million buy-out.
UEFA have told Rangers to expect the penalties because of sectarian songs and chants which the governing body claim were belted out during the Europa League match against PSV in Eindhoven on March 10.
The Ibrox club have until next Thursday to submit their defence - the hearing will be held in Nyon two weeks later - if they are to have any chance of avoiding a FOURTH European sanction.
But a UEFA source, who confirmed Gers had been pulled up again, also said it was unlikely the club could escape punishment.
Rangers only discovered they were in trouble yesterday and when contacted by Record Sport, beleaguered chief executive Martin Bain spoke of his "utter dismay".
But he stressed the Ibrox club would be defending their position "vigorously".
Rangers will try once again to convince UEFA they have done all they can to rid themselves of the bigots but it is almost certain all their fans will be banned from the next three away matches in Europe.
The club were fined s13,000 for discriminatory chanting and s9,000 for an attack on Villarreal's team bus in 2006.
UEFA also demanded they pay s8,280 after a UEFA Cup tie against Osasuna in March 2007 with the Spanish club receiving a s31,000 fine because of poor organisation.
Then, in November 2009, the club were fined s18,000 after a Champions League match against Unirea Urziceni in Romania. Again the home side were also fined (s7,200) for poor organisation.
A UEFA spokesman said last night: "For this kind of behaviour and the number of offences which is repeated the fine could be heavy - as much as 150,000 Swiss francs."
Bain said: "We are utterly dismayed to be informed by UEFA that they are to take disciplinary action. We will defend the club's position vigorously.
"UEFA have made clear in any previous disciplinary hearings that sanctions have been mitigated by the extensive work the club does to tackle sectarianism.
"We are not saying there is not a problem but we are saying that for many years we have made strenuous attempts to address it. We do, however, believe it is absurd to think only Rangers supporters sing offensive or sectarian songs. We are left to conclude there is a disproportionate focus on us.
"It has also become clear there are people who have been determined to undermine our club at any cost and have constantly lobbied for action against Rangers."
Rangers can point to their Euro record this season which will show five trips with no arrests for sectarian or discriminatory behaviour. They will also point out that they've been given a clean bill of health all season from delegates and security officers who have been specifically briefed by UEFA to look out for sectarian singing.
It is also believed they have letters from Greater Manchester Police and the British Vice Consul in Valencia praising behaviour.
The club will also question UEFA over whether or not they act on reports submitted by people other than official delegates and police but stress they won't be attempting to say they aren't tracked around Europe by morons.
This deranged and also dangerous element have refused to believe UEFA were prepared to take more serious action but they are now about to experience that reality.
The man trying to buy Rangers from David Murray will also have been given a reality check. Last week Whyte discovered there was an outstanding tax bill of almost s3m and now he finds the club he wants to own is in big bother with UEFA.
Should Whyte say, "no thanks" the consequences for Rangers could be much more serious than anything UEFA might throw at them.
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It is also believed they have letters from Greater Manchester Police and the British Vice Consul in Valencia praising behaviour.
:-\
Usual bollocks from Bain.
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but stress they won't be attempting to say they aren't tracked around Europe by morons.
:lolabove: :lolabove:
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:-\
Usual bollocks from Bain.
I think they did behave well in Manchester (this time). Mainly because they were bused in from Wigan to Old Trafford, and bused staright back out again, without being allowed anywhere near the city centre.
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Oh aye, I forgot they returned to the scene of their crime this season.
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The takeover has hit a snag :D
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The takeover has hit a snag :D
Whyte found some letters from HMRC stuffed under the boardroom carpet?
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Whyte found some letters from HMRC stuffed under the boardroom carpet?
Apparently he wants the deal to go through now but the current board want to wait till the end of the season....all a bit strange. Looking for an exit strategy? :thumbsup:
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Why would the board not do as he wants if they want to sell the club? ???
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Why would the board not do as he wants if they want to sell the club? ???
Not sure how these things work, but would their share price go up if they win the league? Other than that I can't see a reason why they'd want to hold onto the club ???
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Fold the club.
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http://www.arabtrust.co.uk/current/?502-sectarian-chanting (http://www.arabtrust.co.uk/current/?502-sectarian-chanting)
;D
I see United's chairman is distancing himself and club from trusts comments.
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Shocker. Cynics might say he doesn't want to upset the apple cart too much. 4,000 Rangers fans twice a season is too valuable to him.
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Shocker. Cynics might say he doesn't want to upset the apple cart too much. 4,000 Rangers fans twice a season is too valuable to him.
Is the correct answer :thumbsup:
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And the fact that *allegedly* he's a rangers supporter
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Uefa has fined Rangers 40,000 euros and banned its fans from the club's next away European game for sectarian singing in a match at PSV Eindhoven.
At a hearing in Nyon, Switzerland, Uefa also gave Rangers a suspended ban on its fans for a second away game for a probationary period of three years.
Uefa also issued a suspended punishment for fans' behaviour at the Ibrox leg.
It will fine Rangers a further 40,000 euros and close Ibrox for one match if fans misbehave in the next three years.
Should the Scottish Premier League leaders choose to appeal the decision, the club must do so within three days of receiving Uefa's written decision.
In a statement on the Rangers website, chief executive Martin Bain said: "We are bitterly disappointed that our club has been placed in a position where we are subjected to these kind of sanctions by Uefa.
"We will consider our position when we receive the written reasons for the decision which are expected in a week or so.
"The club put its own case very forcibly to Uefa and the more draconian sanctions that were recommended by the disciplinary inspector have been mitigated to a degree.
"To be clear, we condemn sectarianism and there is no doubt the mindless behaviour of an element of our support has exposed the club to a very serious situation. The people who engage in this type of behaviour are damaging the club they claim to support.
"It is abundantly clear from this decision that if there is any sectarian singing at future matches the suspended bans will take effect. Those fans who engage in such activity need to take that message on board."
And Bain added: "In terms of the Uefa case brought against us, we have had serious concerns about the integrity of the evidence compiled by the FARE organisation and that remains the case.
"We are also of the opinion that FARE has been influenced by people who make it their business to damage our club in any way they can.
"We are committed to the eradication of sectarianism and believe it would have been more constructive for FARE to work with our club rather than against it.
"Instead, they submitted evidence to Uefa with a clear objective in mind and have shown a complete lack of transparency or accountability when asked for clarification on various aspects of that evidence."
Earlier on Thursday, Rangers assistant manager Ally McCoist accepted that if a ban on fans attending matches at Ibrox helped to eradicate sectarianism, it would be worth the club taking the financial hit.
He said ahead of Uefa's decision: "No matter what it costs, if the problem can get eradicated, then anything is a good thing."
McCoist, though, believes the guilty fans should be punished instead of the club.
"It would be a real blow," added McCoist. "The atmosphere at our place in the Champions League in recent seasons has been out of this world.
"I'd feel really sorry for the good fans and the players as well."
I was hoping they would get a game at behind closed doors. Really boot them in the coffers.
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Can't see them behaving for three years. "We are Rangers, we'll do what we want" will kick in at some point.
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Maybe now the RFA sorry SFA will do something as well.
Oh wait a minute they will wait or another Scottish club steps out of line and hammer them instead
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Craig Whyte completes his takeover. Hope he makes an absolute cunt of it, along with McCoist.
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Craig Whyte completes his takeover. Hope he makes an absolute cunt of it, along with McCoist.
This.
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Rangers Supporters' Trust spokesman David Edgar has called for manager Walter Smith to be knighted after leading the club to a third Scottish title in a row. (the Sun)
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In other hun news, I have heard that Bursaspor have made an official bid for McGregor of 5 million.
The 5 million being paid thusly - £4 million up front + Kenneth Miller!! ;D
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When Craig Whyte was asked what he could bring to Rangers that David Murray couldn't, he said "a bike".
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Word going about that Bain has been suspended due to financial irregularities at Ibronx. Not sure how accurate it is.
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http://www.dailyrecord.co.uk/football/spl/2011/05/24/rangers-suspend-chief-executive-martin-bain-and-finance-director-donald-mcintyre-over-irregularities-86908-23153310/?utm_source=twitterfeed&utm_medium=twitter
there you go BB.
love seeing rent-a-quote Bain getting the dunt.
Whyte making a cunt of it begins - fingers crossed.
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Nice one Harcus. Always thought Bain looks a thoroughly dodgy guy, and at least McIntyre can get back to making documentaries in his free time now... ;)
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capitalsharpie likes this.
Anything to make them look chaotic is a good thing.
However it may well be Whyte clearing out the dead wood so he can have his own masons men on the board.
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Yep that was my take on it cs
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:lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove:
I fucking HATE that cunt Bain!!
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They are all cunts.
Sacked Rangers chairman Alastair Johnston has urged Rangers fans to "remain vigilant and continue to exert pressure" on new owner Craig Whyte.
Johnston and director Paul Murray have been removed from the Ibrox board, having refused to resign their posts.
Chief executive Martin Bain and finance director Donald McIntyre have been suspended pending an internal inquiry.
On Whyte's plans for Rangers, Johnston said: "He needs to walk the walk and not just talk the talk."
Johnston, who had expressed doubts during Whyte's protracted takeover of Sir David Murray's majority shareholding, had indicated previously that he would step down at the end of the season.
That was later delayed with the agreement of Whyte, pending the disclosure of more details about the buyout to shareholders, information that is due on or before 6 June.
New appointments to the Ibrox board are likely to be made within the next two or three weeks.
However, it is understood John McClelland and John Greig will not be asked to resign their positions.
Continue reading the main story
I think the biggest force for change at Rangers is for Mr Whyte to appreciate that there are thousands of fans who are going to police his activities.
Alastair Johnston Former Rangers chairman
Speaking to BBC Radio Scotland, Johnston added: "I'm not going to make any comment with respect to the current circumstances at the current time, except that I will say - as a lifelong Rangers fan and a real one - that the 26,000 other shareholders in Rangers, as well as the hundreds of thousands of other supporters need to remain vigilant and continue to exert pressure on Mr Whyte to support the club financially as he has publicly committed to do.
"As far as I'm concerned, the next time we see a photograph of him holding up the SPL trophy, let us all hope - especially me - that he has earned the right to do it.
"The directors all had an independent view on evaluating all the evidence and circumstances that we were privy to - and everyone came to their own decisions. So, I'm not going to second-guess or speak for anyone else.
"I think the biggest force for change at Rangers is for Mr Whyte to appreciate that there are thousands of fans who are going to police his activities. Not what he says, but what he does.
"I was scheduled to step down on the 15 May, right after the last game of the season, but I agreed with Mr Whyte that I would stay on for a couple more weeks to oversee the circular that he's obliged to submit to all of the other minority shareholders in terms of what he is going to commit to the club in financial terms.
Rangers owner Craig Whyte poses with the SPL trophy Whyte completed his takeover in time to see Rangers win the SPL title
"Of the position of Liberty Capital, his own personal holding company that purportedly holds the purse strings to the financial commitment he is making in the club, and that was the way we left it last week.
"So, the bottom line is, I had already thought by this time I would have been off the board or stepped down.
"I said two years ago when I took the assignment that it was never a job - it was one I volunteered for. As chairman, my mission was to shepherd the club from the David Murray era to the era of a new owner.
"I still have a full-time job with IMG, but it was a commitment I made as a Rangers fan and as someone who could immodestly could help the club for the foreseeable future. There was never any intention for me to stay on once a new owner came on board."
Outgoing director Murray led a late bid to rival Whyte's successful takeover.
A spokesman for Whyte said: "Craig has no comment to make on what is an internal matter for Rangers."
Meanwhile, a statement to the stock exchange read: "The board announces that Cairn Financial Advisers LLP has been appointed PLUS corporate adviser to the company with immediate effect."
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Rangers owner Craig Whyte plans to transform the area around Ibrox Stadium into a retail and leisure development to include a luxury hotel, shops, restaurant, sports centre and upmarket apartments - and he has already held talks with Glasgow City Council. (News of the World)
:lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove:
Has he ever been in Govan?
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:lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove:
Has he ever been in Govan?
Ibrox isnt in Govan
anyhoo id say this is good news. Rangers new chairmen is more interested in building another paisley road west retail park than he is clearing their debt or buying them new players
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Ibrox isnt in Govan
anyhoo id say this is good news. Rangers new chairmen is more interested in building another paisley road west retail park than he is clearing their debt or buying them new players
More inclined to think this is classic diversionary tactics right out of the Murray book, Murray said he was going to do this approximately every 5 years. It is, and always will be, total fucking shite.
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More troubles for Mr Bain
AXED Rangers chief executive Martin Bain is being probed by the club over an alleged £130,000 pay rise, The Scottish Sun can reveal.
It's claimed the wage hike for Bain - putting him on £633,000 a year - had NOT been officially approved by the board.
New owner Craig Whyte suspended Bain after buying the Ibrox club last month.
It's understood that Bain's annual salary was increased at a time when Rangers were toiling under a mountain of debt and had to slash the budget.
And it's thought the length of the 44-year-old's contract was under question. Yesterday Bain called in lawyers over his job axe.
His time at Ibrox was over after he and four other Gers chiefs released a bombshell statement voicing fears about Whyte's ownership of the club.
They hit out just an hour after the tycoon bought Gers from Sir David Murray in a £33million deal.
Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/3649562/Gers-probe-Bains-130k-pay-hike.html#ixzz1Pu68H4Sr
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More troubles for Mr Bain
AXED Rangers chief executive Martin Bain is being probed by the club over an alleged £130,000 pay rise, The Scottish Sun can reveal.
It's claimed the wage hike for Bain - putting him on £633,000 a year - had NOT been officially approved by the board.
New owner Craig Whyte suspended Bain after buying the Ibrox club last month.
It's understood that Bain's annual salary was increased at a time when Rangers were toiling under a mountain of debt and had to slash the budget.
And it's thought the length of the 44-year-old's contract was under question. Yesterday Bain called in lawyers over his job axe.
His time at Ibrox was over after he and four other Gers chiefs released a bombshell statement voicing fears about Whyte's ownership of the club.
They hit out just an hour after the tycoon bought Gers from Sir David Murray in a £33million deal.
Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/3649562/Gers-probe-Bains-130k-pay-hike.html#ixzz1Pu68H4Sr
This makes me happy.
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Rangers manager Ally McCoist says he will not be speaking to the BBC until he receives an apology for a news item last week about violence and Old Firm games. (Various)
What a fanny. I'd love to say that this means we'll get no press coverage on the matter...
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What a fanny. I'd love to say that this means we'll get no press coverage on the matter...
Sure the prick was on BBC Scotland last night ???
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Sure the prick was on BBC Scotland last night ???
He's just not taking questions directly from the BEEB.
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New Rangers manager Ally McCoist is refusing to speak to the BBC after accusing them of an 'appalling' misrepresentation of his attitude to sectarianism and football violence.
McCoist was angry with the Reporting Scotland programme which was screened last Friday ahead of the new SPL season, which looked at the efforts to avoid the much-publicised problems which blighted the Old Firm rivalry last season.
The 48-year-old was shown in one clip appearing to smile when answering a question about violence at Old Firm matches. An angry McCoist says the clip was after another unrelated question and believes the piece has been edited to show him in a negative light.
McCoist refused the BBC access to his media conference on Monday at Murray Park ahead of the Uefa Champions League third qualifying round, first leg tie against Malmo at Ibrox.
The 48-year-old, who worked as a television football analyst for ITV Sport and was a team captain on the BBC’s Question of Sport programme for many years before going into coaching, says the ban will remain in place until he receives an apology from BBC Scotland.
McCoist said: 'I won’t speak to anyone from the BBC until I get an apology for their broadcast last Friday night which, in my opinion, was appalling.
'Having worked in television for a good number of years, I know exactly what went on.
'I can handle left-field questions all day long, that wasn’t the problem. It was how the whole interview was put across. While they asked the question, they showed a shot of me when I’d just answered another question.
'The whole thing was put together to show I had a flippant attitude towards either religious bigotry or trouble between Old Firm fans. As most people know, I don’t have a flippant attitude towards those subjects. Far from it.
'There was a comment in the piece, after showing me smiling, when the reporter said ‘Well, it might not bother Ally McCoist…’ Well, believe me, it does bother Ally McCoist.
'It was appalling. I won’t be marching anyone out of press conferences or anything like that. But I won’t speak to anyone at the BBC until they say sorry.'
A BBC spokesman said: 'We are aware that Rangers have expressed concern about a news item.'
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Futile attempt by Supersize Ally to gain some authority in Scottish football IMO.
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Am I the only one who think it's fair enough? Sounds like the BBC fucked him over a bit!
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I think it's fair enough as it is out of order what they've done, if true. But then, he's a cheating cunt and a creepy crawley of a man... so, what goes around comes around and all that pish.
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I think it's fair enough as it is out of order what they've done, if true. But then, he's a cheating cunt and a creepy crawley of a man... so, what goes around comes around and all that pish.
(http://www.fitsnews.com/wp-content/uploads/2008/09/nail-on-head.jpg)
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They might have fucked McCoist over but sounds like a fair and honest representation of RFC's attitude
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On the bbc
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heee heee
2004: GOAL Rangers 0-1 Malmo (Larsson)
This on anywhere?
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heee heee
This on anywhere?
Premier Sports have got the rights for both legs.
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heee heee
This on anywhere?
http://www.youtube.com/watch?v=W2H6h9Dtwew&feature=youtu.be
Peach of a goal.
Archie Knox in attendance with Martin Ferguson, too.
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Super Ally Super Ally ha ha ha ha ha ha. Will be out the door quicker than Tony Mowbrary at Celtic at this rate. :wave:
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I can hear the Huns sharpening their knives already for Sally! :thumbsup:
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So...excuse?
Season start too early/late?
UEFA hat the hun for sectarianism?
Malmo's goal was offside?
Sally is crap?
Rankers only raise their game against Aberdeen?
It's the SFA?
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So...excuse?
Season start too early/late?
UEFA hat the hun for sectarianism?
Malmo's goal was offside?
Sally is crap?
Rankers only raise their game against Aberdeen?
It's the SFA?
The players could not see each other as their blue shirts blended in with all the empty blue seats.
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(http://iambillal.files.wordpress.com/2011/05/cup-of-lol.gif)
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Am I right in saying the Hun are out of Europe altogether if they can't turn it around in the second leg?
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Am I right in saying the Hun are out of Europe altogether if they can't turn it around in the second leg?
Think they drop into last round of Europa League qualifiers.
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Think they drop into last round of Europa League qualifiers.
Aye, you're right enough.
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Think they drop into last round of Europa League qualifiers.
And our game at Ibrox will move back to the Sunday if it happens too.
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And our game at Ibrox will move back to the Sunday if it happens too.
cunt sticks :hammer:
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Bit late with this. Celebrating an equaliser against Hearts the hun way.
(http://i53.tinypic.com/34dr9z8.jpg)
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I know of a huns supporters club who have 40 of its members going over to Malmo for the game and plan to get tickets for it at the ground. If questionned they plan on saying they're on a stag do :-\ Sad acts. Hope they get found out and the huns further punished.
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Reported to have made yet another bid for Goodwillie. Also reported to have been rejected.
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(http://i.imgur.com/czqvs.png)
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According to BBC gossip, there's going to be a big fallout because they didn't want to sell to the hun cunts. Oh boo hoo, someone didn't drop their kecks and the thought of OF money. Fingers crossed his signing goes smoothly with Blackburn.
:haterangers:
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According to BBC gossip, there's going to be a big fallout because they didn't want to sell to the hun cunts. Oh boo hoo, someone didn't drop their kecks and the thought of OF money. Fingers crossed his signing goes smoothly with Blackburn.
:haterangers:
Wish our club had the fucking balls to do this :hammer:
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I did think that it wasn't so much a case of the money offered by the Huns but more so because Dundee United didn't want to sell to them. Good on the Jutes!
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1-0 up and down to nine men at the moment.
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Wish our club had the fucking balls to do this :hammer:
Wish our club developed talent sufficiently that anyone would want to buy them, let alone the OF. Or at least traded even semi-intelligently in the player market.
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Ha ha.
Two sendings off and out 2-1 on aggregate.
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Ha ha.
Two sendings off and out 2-1 on aggregate.
Could easily had two more sent off as well (although Malmo could have had one more away) with McCulloch and Naismith very lucky not to join the other two. They actually were the better side tonight as well and would have probably won if it wasnot for their players losing the plot.
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:wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: :wave: etc.
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Ally McCoist absolutely has to be given the time and backing from the board to prove that he can be shite for an entire season.
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Ally McCoist absolutely has to be given the time and backing from the board to prove that he can be shite for an entire season.
like :thumbsup:
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from the Guardian of all places, sadly no comments section:
http://www.guardian.co.uk/football/2011/aug/03/the-fiver-rangers-malmo-champions-league
IT'S THE FIRST WEEK OF AUGUST, SO THE POPE'S O'RANGERS MUST BE ON THE VERGE OF GOING OUT OF BIG CUP
While it's easy for jaded cynics to wonder what exactly Scottish fitba is for, if nothing else the annual exit of the Pope's O'Rangers from Big Cup serves as a warning that the English football season is about to begin. After their Euro Disnae League title defence was derailed by a draw with Hearts that prompted their notoriously patient fans to boo them from the field, O'Rangers' season went from "yer maw" to "skaggy baws" when a 1-0 home defeat at the hands of Malmo left them on the cusp of elimination.
With O'Rangers fans banned from Malmo's Swedbank Stadium as part of a Uefa punishment for singing sectarian songs (or songs, as they are known to many at Ibrox), it has been left to the home fans to cause trouble at tonight's second leg and it seems the Swedish side's support are more than up to the task. Last Saturday, for the second time this season, one of Malmo's league matches was abandoned when fireworks were thrown on the pitch during the opening stages of a game against Djurgardens. Earlier this year, a match against Helsingsborgs was stopped when a Malmo fan confronted the opposition goalkeeper.
"I looked at the team and the coach maybe rested one or two players and then it ended up with the vast majority of them getting a rest with the game only lasting for 11 minutes," chuckled Ally McCoist, whose lame quip would suggest he might be pining for a return to the slightly less hostile cauldron that is the A Question of Sport studio. With his captain David Weir, 89, struggling with a hamstring injury probably sustained as a result of exiting his Stannah Stairlift too quickly, McCoist was grateful that a work permit-related rick which ruled centre-half Dorin Goian ineligible was overturned and the Romanian can now play.
The O'Rangers cause has not been helped by the fact that they're currently embroiled in a bust-up with Dundee United after failing with a seventh bid for striker David Goodwillie, who looks Blackeye Rovers-bound despite boasting an amusing name that would afford the Ibrox faithful the opportunity to come up with a new repertoire of amusing new ditties about something other than religious denomination.
"Rangers can say what they like but they would have got David if they had made the right offer at the right time. They didn't," harrumphed Dundee United chairman Stephen Thompson in response to claims from O'Rangers that he wouldn't have sold them the striker out of spite. Let's face it, if Scottish fitba was half as entertaining on the field as it is in the boardrooms and stands, we'd be unable to tear ourselves away.
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Madjid Bougherra sold for £1.7m to some Quatari team
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I see they got beat 3-1 by their sister team. Oh well least the experience of playing against Chelsea will help them against the big guns in the Champions League this season :wave: :wave:
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Was there a bomb?
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Personally speaking I'd rather Der Hun kept him on account of being shite
=====================================================
WEST HAM are preparing a £2million-plus bid for Rangers striker Kyle Lafferty.
Hammers boss Sam Allardyce is a long-time admirer of the Northern Ireland ace and has contacted Gers about his availability.
Rangers boss Ally McCoist is aware of the Upton Park club's interest but it's thought it would take a serious offer to tempt him to sell.
McCoist is desperate to bring in players of his own - including another striker.
Lafferty, a £3.25m signing from Burnley in 2008, finished last season in sensational form alongside Nikica Jelavic, with eight goals in the final ten matches to help clinch three in a row.
However, a summer hernia operation put paid to his hopes of kicking off this season in similar style.
Lafferty, 23. has two years left on his contract and hopes to be back in action for Gers' clash with Motherwell on August 21.
Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/3741267/Gers-ace-Kyle-is-2m-Hammers-target.html#ixzz1UVwLeDw3
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£2m? Fucking hell.
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The boys nae even worth £200,000 :o
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Gone are the days of selling for profit then
Bank or taxman will snaffle that up in a shot.
Out of interest did anyone catch sportsound yesterday? I tuned in for about 10mins and there was some guy whp was apparently an expert on body language. Mccoist etc didnt come off too well
Didnt fill me with confidence about old Craig Brown either though :hammer:
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Out of interest did anyone catch sportsound yesterday? I tuned in for about 10mins and there was some guy whp was apparently an expert on body language. Mccoist etc didnt come off too well
Didnt fill me with confidence about old Craig Brown either though :hammer:
No and frankly, who gives a fuck? Really.
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http://news.bbc.co.uk/sport1/hi/football/14482034.stm
;D
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http://news.bbc.co.uk/sport1/hi/football/14482034.stm
;D
glasgow sheep likes this :thumbsup:
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I read in BBC Gossip yesterday they were angry about the media coverage about it :D GIRFUY you hun bastards :rofl:
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(http://2.bp.blogspot.com/-Yh8QzLlyTNE/ThxebgsmvsI/AAAAAAAACvQ/DuD3HtnT5yI/s1600/17-I-lol.jpg)
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Hun bank account frozen and HMRC apparently visited Ibrox . . . . .
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sadly the reports of frozen accounts weren't right. just been served with paperwork suggesting efforts to reclaim are going to be stepped up, and freezing assets/winding up will happen if money doesn't go in asap.
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sadly the reports of frozen accounts weren't right. just been served with paperwork suggesting efforts to reclaim are going to be stepped up, and freezing assets/winding up will happen if money doesn't go in asap.
But you're a journalist, so I will treat that with total contempt. ;)
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But you're a journalist, so I will treat that with total contempt. ;)
as well you might! it's a bit like i always expect health professionals to be secretly trying to murder me in my sleep :P
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A solid expectation.
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BBC's Alasdair Lamont says he understands a seven figure sum has been ringfenced after an arrestment order served by HMRC.
Money is in same account and the club are free to use any other funds, but that sum is off-limits until outstanding order is paid.
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Couldn't they just ringfence all of Ibrox, no-one in our out, EVER!
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http://www.heraldscotland.com/news/home-news/rangers-fail-to-pay-35k-law-firm-bill-1.1122669?
More financial woes for Der Hun :thumbsup:
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http://www.heraldscotland.com/news/home-news/rangers-fail-to-pay-35k-law-firm-bill-1.1122669?
More financial woes for Der Hun :thumbsup:
Being sued by your own lawyers - well done
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Being sued by your own lawyers - well done
Probably cafflicks
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LEAKED legal documents have revealed that Rangers Football Club is being sued for £1.3 million by former chief executive Martin Bain.
His lawyers yesterday called in the police after details of his alleged breach of contract case were posted on various football fan websites.
The club, which was taken to the Court of Session over unpaid legal fees on Friday, later claimed it was being targeted by a determined "whispering campaign" and played down fears over its finances.
The documents include new claims about the danger of the club becoming insolvent if it is forced to meet tax liabilities being pursued by HMRC. Bain is seeking loss of earnings and damages from the club.
Ibrox officials yesterday described recent reports of its financial affairs as "ludicrous" and the leaking of the documents as "illegal", but blamed current problems on the "previous regime" at Ibrox, which was then presided over by Sir David Murray.
The club is being pursued by HMRC over tax liabilities said to date back around 12 years. According to the leaked papers, new owner Craig Whyte is facing about £49m in tax liabilities after taking the helm at Ibrox in the summer. It is claimed the club may "go under" if it loses its battles with HMRC, amid claims it will only be prepared to pay up to £15m. HMRC officers are said to have recently visited the club to warn that it faces being wound up if its tax liabilities are not met.
Bain resigned in late June, several weeks after being suspended in the wake of Whyte taking control of the club, and immediately announced he would be suing for breach of contract. His legal advisers and the Ibrox club say the papers, relating to an action raised at the Court of Session, have been leaked "illegally". They were posted on several football fan websites yesterday.
Rangers were taken to the Court of Session last week by the Glasgow-based legal firm Levy & MacRae over an unpaid bill arising from the club's defence against allegations of offensive chanting by its supporters.
Counsel for the firm told the court that there was "real concern" about the club's solvency. Levy & MacRae is now representing Bain in his case against the Ibrox club. Bain's lawyer, Peter Watson, last night said Lothian and Borders Police had been called in to investigate the apparent theft of the documents.
"This matter has been reported to Lothian and Borders Police. These documents have either been stolen or obtained by some other illegal means. They were not intended for the public domain," Watson said.
A spokeswoman for Rangers said: "The problems Rangers Football Club is now having to deal with are historic and the chairman (Whyte] is committed to resolving the issues that are a direct and unwanted legacy of the previous regime."
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Martin Bain, what a cunt. Brilliant.
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Martin Bain, what a cunt. Brilliant.
This.
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Martin Bain, what a cunt. Brilliant.
Rangers' former chief executive Martin Bain has had almost half a million pounds of the club's assets frozen after a judge agreed there was "real and substantial risk of insolvency".
Mr Bain is pursuing a £1.3m damages claim against his ex-employer at the Court of Session in Edinburgh.
Judge Lord Hodge granted a warrant which would ring-fence £480,000 of the Ibrox club's assets.
He said there was risk of insolvency if the HMRC tax case goes against Rangers.
Lord Hodge said that in reaching that view he was concerned with the degree of possibility and "not actuality or even probability of insolvency".
Mr Bain raised his damages claim alleging breach of contract following the takeover at Rangers FC by venture capitalist Craig Whyte from former owner Sir David Murray.
Lord Hodge said he was not persuaded on the material before him that Rangers were presently insolvent "either practically or absolutely".
Start Quote
I am satisfied that there is a real and substantial risk of insolvency if the tax case were to be decided against the defenders (Rangers) in favour of the Revenue”
End Quote
Judge Lord Hodge
The court heard that the football club faces two tax claims and the larger could leave them with a bill of £49m - £35m in tax, plus £14m in interest and penalties.
Lord Hodge said he accepted that proceedings were at an early stage, but added: "I am not persuaded that the outcome of the Revenue claim is too remote in time for the court to form a view as to the existence of a risk."
He said: "Having regard to the structure and terms of the takeover deal I am satisfied that there is a real and substantial risk of insolvency if the tax case were to be decided against the defenders (Rangers) in favour of the Revenue in the sums being spoken about."
Nicholas Ellis QC, counsel for Mr Bain, had told the court: "There already appear to be circumstances from which it would appear to be appropriate to draw an inference that the defenders are presently practically insolvent or at least verging on it by not paying their debts as they fall due."
But Brian Napier QC, for the Ibrox club, said the motion for an arrestment was opposed and claimed that Mr Bain had not shown there was a real and substantial risk of insolvency.
The chairman said they were able to meet debts as they became due.
Mr Ellis said the club's accounts for last year did show a healthy position with net assets of about £70m.
But he argued that the picture was not as healthy as shown and that was made clear in the transfer of the majority interest between companies controlled by Sir David Murray and Mr Whyte for the sum of just £1.
The deal was structured with precautions looking to the risk of insolvency.
He said there were two tax claims with the smaller for £2.8m but with penalties it could rise to about £4m.
The larger claim for a total potential of about £49m was due to go to a tribunal and he could not say what the outcome would be.
But he added: "If the Revenue are successful, given the amount of the claim, it is not at all surprising that precautions have been taken to structure the deal in a way that protected the acquirer in the event of insolvency."
He said that in the other tax case he understood £2.3m in a bank account has been arrested.
Glasgow law firm Levy and McRae also went to court over an outstanding bill against Rangers last week.
Mr Ellis pointed to it as an example of Rangers not settling their debts as they fall due.
He said the court action was clearly important to Mr Bain as an individual and an arrestment was sought to protect any award he would receive.
Rangers are contesting the action and have raised a counter claim against Mr Bain alleging breach of contract and fiduciary duties, which he denies.
Mr Napier argued that Mr Bain had held responsible positions at Rangers over a period when the two major alleged debts relating to tax liabilities were claimed to have been incurred.
He said the outcome of the tax case against Rangers could be a long way off. He argued that for there to be a real and substantial risk of insolvency it had to be "proximate in time".
A spokesman for Rangers said: "In a week where the focus should be on football, the conduct of Martin Bain, who always claimed to have the best interests of Rangers Football Club at heart, is truly astonishing and I am sure our supporters would agree.
"The club is disputing any money is due to Mr Bain and we will be vigorously appealing the decision. It should be noted the case taken against Rangers has not yet been proven or even heard yet.
"All that has happened today is that a sum of money has been set aside if the club were to lose the case."
A source close to Craig Whyte added he was "angry and dismayed" that Martin Bain had taken this action, when he claims to have had Rangers' interests at heart.
"It was clearly intended to embarrass the club in the run-up to the first Old Firm game of the season," he said.
The source also claimed the details of the counter-claim by Rangers against Martin Bain, with claims he breached his contract and duties as a company director, could be "explosive".
Fucking loving it :thumbsup:
£49m tax bill....... I have a serious hard on reading that, imagining that there might just be the slightest element of truth in that figure
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Yeah, we're shite but you're insolvent
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I always said that Martin Bain was a decent guy :thumbsup:
Edit for gratuitous picture of said decent guy:
(http://img402.imageshack.us/img402/2018/bainyv3.jpg)
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And to think they turned down £9m for Yellowvitch! ;D
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1 doon the mo.
YYAAAAAAAASSSSSSSS!!!!
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1 doon the mo.
YYAAAAAAAASSSSSSSS!!!!
Its a deuce now! I've always been an admirer of Steven Pressley.
Desmond now, na Pressley always was a cunt.,
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And the huns are oot!
Mickey Mouse cup anyway. :hammer:
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And the huns are oot!
Mickey Mouse cup anyway. :hammer:
We are shite, but they're just as oot as us.
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Haha, oh hang on ....
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Ha ha :D
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Surely that's the tournament cancelled for this year now
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Surely that's the tournament cancelled for this year now
Diddy cup.
Always thought that.
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STEVEN NAISMITH is facing an immediate one-match ban in the first high-profile case for the new SFA fast-track justice system.
But Rangers manager Ally McCoist is adamant his man is innocent and last night questioned the process which could see his in-form attacker ruled out of tomorrow's home game against Kilmarnock.
Naismith struck twice during the 4-0 weekend rout of Dunfermline but that was overshadowed by an off-the-ball incident involving Pars defender Austin McCann.
Ref Iain Brines and his assistants missed the clash but TV footage captured the Scotland star striking his opponent with an elbow and the images have set updated Hampden disciplinary wheels in motion.
Record Sport understands the SFA compliance officer will study the matter today and has until 3pm to decide if there is a case of excessive misconduct to answer under Article 14.4 of the new rulebook.
If the answer is yes, Rangers will be offered a fixed penalty of one match for the player by 3pm tomorrow which will be served against the Rugby Park outfit.
But should Naismith and his club refuse to accept that initial punishment an SFA judicial panel will convene later in the week and the penalty could be extended to two games or more.
Sfa chief executive Stewart Regan believes the updated rulebook, which was distributed to clubs on the eve of the season, offers transparency to all cases with details of offences and punishments laid out in black and white along with the workings of the system. But with a full-time compliance officer yet to be appointed the identity of the current interim incumbent of the post, who will decide Naismith's fate, is being kept under wraps by the SFA.
McCoist doesn't agree with such a mysterious scenario and said: "It's not strange. It's wrong.
"I don't want to talk about it until anything happens but that's like turning up in a courtroom and not seeing your jury.
"It shouldn't happen, effectively.
"I'll talk about it if it happens but there are rights and wrongs as to whether he is being singled out for a television match or whatever."
Speaking at the launch of the K-Park Training Academy, McCoist confessed he was still to see footage of the incident from East End Park.
Victim McCann backed Naismith after the match by calling the event an accident.
McCoist added: "I have spoken with Stevie Harvey (Rangers video man) who has seen it and I have also spoken with Naisy about it.
"He said their lad didn't make anything of it and that he was just trying to brush him aside. Steven is not an aggressive or violent boy."
McCoist, meanwhile, was thrilled at the new academy, which is the work of East Kilbride Community Trust.
He said: "I've known Paul and James Kean since we were at school and I'm really proud of the boys for helping to create this fantastic facility."
Not until he went to Rangers anyway. Same with Boyd.
I'm starting to really hate this horrible little cunt. Blatant fucking elbow and I hope he gets hammered to the full extent of the law although I'm not going to hold my breath. These ridiculous claims from McCoist in this article and from Davie Weir on last night's Sportscene were fucking embarrassing. He's not trying to "hold anyone off" or "brush anyone aside". He tried to and succeeded in lamping the poor cunt with his elbow.
I can only assume that the Dunfermline player was a star-struck hun because if that little cunt did that to me I would have fucking lost the plot. It's dirty and all-too-typical of this team of Huns.
Fuck of "Naisy" you horrible excuse for a human being. May you develop life-long chronic diarrhea. :hammer: :hammer:
(http://i53.tinypic.com/23u6dd3.gif)
What's worse is Brines seems to be looking right fucking at it. :hammer:
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Looks like the start of a ruck from that clip. Naismith swinging wildly with his elbows and (is it?) Clubfoot performing a two handed shove, whilst not looking at the ball, on Keddie? as he's going up for a header.
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Rangers manager Ally McCoist has urged the Scottish Football Association not to single out Old Firm players for punishment in the new fastrack justice system that led to Steven Naismith being banned following an elbow caught on television cameras against Dunfermline.
Is McCoist actually trying to think of new ways to nauseate me? Fuck off you horrible cunt. If your players don't assault other players then they won't be "singled out" you fucking wankfuck. :hammer: :hammer: :hammer:
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Loving the passion of your hatred as expressed both posts above Tyrant. Couldn't agree more without the danger of being accused of homosexuality.
Not the same poofery that Ed Balls appears to have. His is more a victim of a gang rape at boarding school aged 12 or 13 whereas my sycophantising about your posts has only a slight hint of possibility that there's something more, something sinister behind my expressing approval like I would get noticed and earn your personal approval whereupon you would let me bugger you or I would get to suck you or whatever it is that poofs get up to.
That Naismith goal celebration leaves me perplexed. Or it would do if I cared enough about it. No energy left to think about it these days, the pursuance of Tyrant being the only thing on my mind.
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From BBC
Rangers' non-executive directors John Greig and John McClelland have resigned from their posts at Ibrox.
The duo say that they have been isolated following Craig Whyte's takeover of the Ibrox club in May.
"These resignations have been communicated by letter to the chairman, Craig Whyte," read a statement.
"Both were of the opinion that since the change of ownership they have been excluded from participating in corporate governance at the club."
Greig captained Rangers during his playing days in the 1960s and 1970s, leading them to victory in the final of the European Cup Winners Cup in 1972.
The 69-year-old, who won 44 caps for Scotland, also managed Rangers between 1978 and 1983.
McClelland was chairman of the club between 2002 and 2004.
The resignations come one week after Rangers finance director Donald McIntyre officially stepped down from the board.
McIntyre and former chief executive Martin Bain were both suspended by the Scottish champions in May, shortly after Whyte completed his takeover.
McClelland and Greig survived that initial boardroom overhaul but their decisions to leave add to a growing list of off-field problems for Rangers.
The Scottish champions, who lead Motherwell by seven points at the top of the Scottish Premier League, are currently involved in two separate tax disputes with HM Revenue and Customs, while Bain is also suing the club for £1.3m in an unfair dismissal claim.
Last month, Bain had £480,000 of the club's assets frozen after a judge agreed there was "real and substantial risk of insolvency".
And McIntyre has since launched a legal bid to ring-fence £300,000 of the club's money pending a breach of contract case.
:wave:
Not sure what to make of all these shenanigans but it looks like he wants rid of every fucker that was there before.
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God forbid I was a Hun, but if I was I would be mightly concerned about exactly what is going on behind closed doors at Ibrox.
The resignation of a legend such as Greig surely sends out a loud message that all is not well there.
Simply loving it :thumbsup:
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God forbid I was a Hun, but if I was I would be mightly concerned about exactly what is going on behind closed doors at Ibrox.
The resignation of a legend such as Greig surely sends out a loud message that all is not well there.
Simply loving it :thumbsup:
Simply the best news perhaps?
Anyway, there's the counter view that Whyte is simply disposing of the very cunts that got them into this mess, or at least slept on the job whilst it was done. Either that or McClelland and Greig have seen impending financial oblivion and have got out. Far from clear but good to chuckle on the sidelines.
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Simply the best news perhaps?
Anyway, there's the counter view that Whyte is simply disposing of the very cunts that got them into this mess, or at least slept on the job whilst it was done. Either that or McClelland and Greig have seen impending financial oblivion and have got out. Far from clear but good to chuckle on the sidelines.
I suspect the former, although have absolutely fuck all to base that on. Problem for Whyte is that losing Greig is pretty bad PR for a support that already mistrust him.
Shame
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But John Greig didn't spend enough time knocking on the doors of rich oil executives looking for funding.
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Rangers FC has withdrawn "all co-operation" with the BBC over what it said were "repeated difficulties" with the broadcaster this season.
The Ibrox club said several instances of reporting on Rangers from the BBC had been "neither accurate or fair".
It also claimed that a BBC Scotland documentary, to be aired on Thursday, was "little more than a prejudiced muckraking exercise".
Rangers said the decision had been taken "reluctantly".
At the beginning of the Scottish football season in July, the editor of the BBC Six and Ten O'clock news apologised to Rangers over an "inappropriate edit" in a package about the cost of policing Old Firm matches.
Rangers had withdrawn co-operation after complaining that the item misrepresented its manager Ally McCoist.
The latest dispute comes days before a BBC documentary on Rangers, which was taken over by businessman Craig Whyte in May.
A statement on the club website said: "Rangers Football Club is withdrawing all co-operation with the BBC as of today. The decision has been taken due to the repeated difficulties the club has encountered with the BBC this season.
"The club was forced earlier in the season to suspend co-operation with the BBC over its serious misrepresentation of the club manager's position on violence and sectarianism.
"There have also been other instances where the BBC's reporting on the club's affairs has been neither accurate or fair."
The statement said that the BBC had been involved in making a documentary which appeared "to be little more than a prejudiced muckraking exercise".
The statement continued: "Efforts to ensure that reporting of the club's affairs should be balanced and fair appear to have been in vain.
"The club believes that the BBC has on a number of occasions now demonstrated a pre-determined negative attitude towards Rangers and its fans and its journalism has fallen well short of acceptable standards.
"The decision to end co-operation with the BBC has been taken very reluctantly but the club feels it has been left with no other option."
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It just gets funnier and funnier. Can you imagine if the huns did fold? The tims would be fucked as well, one can't live without the other etc etc
Former Rangers director Donald McIntyre has won his legal bid to have £300,000 of the club's assets frozen pending a breach of contract case.
At the Court of Session in Edinburgh, judge Lord Hodge granted the move brought by Mr McIntyre's lawyers.
The same judge last month ring-fenced £480,000 over a case by the Rangers' former chief executive Martin Bain.
Speaking after the hearing, Mr McIntyre said he was "sad at the current circumstances" at Rangers.
After a brief hearing, at which Rangers were not represented, Lord Hodge granted the order to freeze the funds.
The judge was told that Mr McIntyre had been "kept on the hook" following his five-month suspension at Rangers.
This came after the club's ownership was taken over from Sir David Murray by businessman Craig Whyte.
Lord Hodge had already ruled in the arrestment proceedings brought by Mr Bain that there was "a real and substantial risk" of insolvency at Rangers football club if a major tax case were decided against it.
Mr Bain has raised a £1.3m claim for damages against Rangers, alleging that the club repudiated his contract of employment.
HM Revenue and Customs has also had about £2.3m frozen in a tax dispute.
In a separate case the club also faces a disputed tax bill from HM Revenue and Customs (HMRC) for up to £49m. This is currently under appeal.
What is important to Mr McIntyre is the question of his reputation and his maintaining his professional status”
Lord Hodge pointed out that the circumstances were broadly the same as in Mr Bain's case.
Mr McIntyre resigned as a director earlier this month after treating his contract as having been repudiated.
Professional status
His counsel, Stuart Buchanan, told the court that his contract provided for a £120,000 a year salary plus bonuses and other provisions.
Mr Buchanan said it was Mr McIntyre's position that there was not and never has been a basis for suspending him.
Lord Hodge asked Mr McIntyre's counsel: "Your position is that they have not in fact carried out the disciplinary procedures."
Mr Buchanan responded: "At all."
The counsel said Mr McIntyre had offered Rangers his co-operation throughout.
He said: "This a professional man, a chartered accountant, who has been suspended as finance director who has made every effort to co-operate with Mr Whyte and every effort has been rebuffed."
Mr Buchanan added: "What is important to Mr McIntyre is the question of his reputation and his maintaining his professional status."
The judge told Mr McIntyre's lawyers: "It seems to me you have vouched his contractual entitlements and also made out a prima facie case in favour of the claim for damage to his reputation."
Mr McIntyre, 52, said: "I think Lord Hodge's decision speaks volumes as does the fact that Rangers did not turn up to defend the case.
"I am sad at the current circumstances at the club and I am concerned for the club."
On Monday, John Greig and John McClelland resigned from their posts as non-executive directors at Ibrox.
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BBC One Scotland on Thursday night: http://www.bbc.co.uk/programmes/b016bh4z
BBC Scotland Investigates, reveals the inside story of the recent takeover of one of Scotland's oldest football institutions. As a potential 50 million-pound tax bill threatens to put the club out of business, this programme investigates the current plight of Rangers FC, and asks what the future might hold under new owner, Craig Whyte.
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Thats defo going to get watched
Proabaly with a hard on ;D
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BBC One Scotland on Thursday night: http://www.bbc.co.uk/programmes/b016bh4z
Away south on Thursday night....ah the good old sky plus comes to the rescue.
Need to avoid reading posts on here prior to watching it, as don't want my unconfined joy spoilt by you lot ;)
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So now both sides of the bigot brothers are feeling "got at" by "the establishment"
Hahahhahahhahahahhahahahhahahahahahahhhahahha
I'm glad I'm nae a billy or a tim......
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One big LAWL!
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Given that tax evasion is illegal, as well as HMRC getting the money they are due next month, or not if Rangers go tits up, will Strathclyde Old Bill be feeling Sir David Murray's collar, resulting in him being wheeled into Bar L?
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Does anybody know why Craig Whyte got involved? Surely he did due diligence so must have known this was coming. Is/was he expecting Rangers to get away with it, just because they're Rangers!?
And if David Murray ends up in court, it sounds like he'll barely have a leg to stand on.
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FFS sake I only missed it. ::)
Anyone know if it's on iPlayer?
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Its not been shown on TV yet! It's tonight!
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:-[ :-[ :doh: :thumbsup:
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15377454
:lolabove:
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I guess due diligence went out the window.
:lolabove:
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megamegamegalawl!! :lolabove: :lolabove: :lolabove:
This is the stuff! ;D
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A fairly entertaining watch :thumbsup:
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Due diligence meeting at Lloyds.
"Hus he goat it?"
"Aye"
"He's wur man"
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Whyte taking legal action: http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15395427
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FFS sake I only missed it. ::)
Anyone know if it's on iPlayer?
Yeah. For a week.
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Yeah. For a week.
Good because I only went and fucking missed it fo real this time. :hammer:
Although I looked on iPlayer last night and it wasn't on. How long does it take before it's available on iPlayer?
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http://www.bbc.co.uk/iplayer/episode/b016bh4z/BBC_Scotland_Investigates_2011_Rangers_The_Inside_Story/
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Good because I only went and fucking missed it fo real this time. :hammer:
Although I looked on iPlayer last night and it wasn't on. How long does it take before it's available on iPlayer?
http://www.bbc.co.uk/iplayer/episode/b016bh4z/BBC_Scotland_Investigates_2011_Rangers_The_Inside_Story/ (http://www.bbc.co.uk/iplayer/episode/b016bh4z/BBC_Scotland_Investigates_2011_Rangers_The_Inside_Story/)
Not watched it yet, but the jist of it I am getting is that he has badly ran companies in the past and was banned as a director for makinig companies going bust - but then continued to run companies who also racked up debts before going bust. And by buying rangers for a £1 if they go bust owing him money he will still get 0.01p in the £ of all of Rangers assets?
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Not the greatest programme in the world and seemed to be primarily about historical events (which I suppose can show a pattern of behaviour) but alot of it seemed to be rumour, suggestion and inuendo with very little proof., meanwhile I'm still not that clear on the current financial predicament.
Still it'll get the huns backs up and that's always good for a laugh
ps The presenter's voice is fucking annoying
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Just finished watching it. Had a grin on for most of the program! It certainly paints the future of RFC football club in a very gloomy light and I've thouroughly enjoyed it!
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http://www.bbc.co.uk/iplayer/episode/b016bh4z/BBC_Scotland_Investigates_2011_Rangers_The_Inside_Story/ (http://www.bbc.co.uk/iplayer/episode/b016bh4z/BBC_Scotland_Investigates_2011_Rangers_The_Inside_Story/)
Not watched it yet, but the jist of it I am getting is that he has badly ran companies in the past and was banned as a director for makinig companies going bust - but then continued to run companies who also racked up debts before going bust. And by buying rangers for a £1 if they go bust owing him money he will still get 0.01p in the £ of all of Rangers assets?
Think it was saying that because he has paid off the bank overdraft, he is now the only secured creditor so would get any monies realised from the sale of assets first leaving nothing left for any unsecured creditors
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Craig Whyte admits Rangers are in crisis:
http://news.stv.tv/scotland/275784-craig-whyte-admits-rangers-in-crisis/
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:lolabove:
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Think it was saying that because he has paid off the bank overdraft, he is now the only secured creditor so would get any monies realised from the sale of assets first leaving nothing left for any unsecured creditors
Which makes you think that he has known exactly what he was doing all along.
Rangers go into administartion, Whyte is only secured creditor, everyone else is fucked over.
Glasgow Rangers 2012 Ltd or whatever rises from the ashes, and Whyte is laughing, and 130 years of
Hun's history is wiped
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That would be such a shame! Devastating even :(
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Craig Whyte comes out fighting against the BBC in this interview with the Scotsman:
http://www.scotsman.com/sport/football/spl/interview_craig_whyte_owner_of_rangers_who_has_come_out_fighting_against_tv_allegations_1_1925040
However...
Let’s look at this closely. They said you were disqualified as a company director. Is that true?
I’m not comfortable getting into the specific allegations.
If its not true then surely he could have simply denied it! ::)
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:lolabove: :lolabove: :lolabove:
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The deluded rantings of a madman.
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http://news.stv.tv/scotland/west-central/276215-businessman-creates-two-new-glasgow-rangers-companies/?utm_source=twitterfeed&utm_medium=twitter
Businessman creates two new 'Glasgow Rangers' companies
Club denies any involvement as Glasgow Rangers Limited and Glasgow Rangers Football Club Limited are incorporated.
A businessman based in England has set up two new companies which have been incorporated featuring the name Glasgow Rangers.
Glasgow Rangers Limited and Glasgow Rangers Football Club Limited were both registered with Companies House on Tuesday, with both registered at an address in High Wycombe.
Mr Gerard Moran is listed as the sole director, with his registered address the same as that given for the two companies. Moran was not available when STV contacted one of his other companies.
The businessman is also registered as owning Gaselectric Renewals Limited and Credit Agreement Auditors Limited, which are both based in High Wycombe, Buckinghamshire.
However Craig Whyte, who purchased an 85% share in Rangers Football Club plc in May this year, has denied any knowledge of the companies’ creation and says they are not linked in any way with the SPL club.
A spokeswoman for the club said: "Craig Whyte knows absolutely nothing about this."
The financial stewarship of Rangers has been under intense scutiny because of the club's impending tax case against HM Revenue and Customs.
Mr Whyte has stated that administration is "one option" for the club if the case goes against them, but he told STV that he was doing everything in his power to prevent it happening.
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http://news.stv.tv/scotland/west-central/276215-businessman-creates-two-new-glasgow-rangers-companies/?utm_source=twitterfeed&utm_medium=twitter
May I please draw your attention to my post of 22nd Oct @ 7.41pm.
Feel free to draw your own conclusions.
Mr Shyte is in it for himself
Fuck the Huns
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Who are ye? maybe?
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http://news.stv.tv/scotland/west-central/276215-businessman-creates-two-new-glasgow-rangers-companies/?utm_source=twitterfeed&utm_medium=twitter
Could be an opportunistic Celtic fan
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Could be an opportunistic Celtic fan
Or that thought process, could alternatively just be a smokescreen
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They had an anti-BBC banner on display yesterday ::)
Seemingly they are having some sort of protest at BBC in Glasgow sometime soon. A hun I was speaking to after the game is taking part in the protest, but at the same time was looking forward to watching MOTD last night for the goals in the Chelsea v Arsenal game! You couldn't make it up!
Also, "If you hate Alex Salmond clap your hands" was one of the song yesterday! ::)
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Rangers face a ban from European competition next season should the Scottish Premier League leaders go into administration this term. (Sunday Post)
Rangers face the prospect of three years without European football if forced to start a new company because of their tax dispute with the HMRC. (Scotland on Sunday)
Here's hoping :thumbsup:
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I see some agent is suing them for over £100,000 as well :thumbsup:
My only fear is if hearts and the hun do go bust there might be some sort of panic/domino effect and half the senior clubs in Scotland would vanish in their current form. I'd be interested to see a list of the clubs from the 4 senior divisions that DON'T have a debt (or at least not a significant one)
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I see some agent is suing them for over £100,000 as well :thumbsup:
My only fear is if hearts and the hun do go bust there might be some sort of panic/domino effect and half the senior clubs in Scotland would vanish in their current form. I'd be interested to see a list of the clubs from the 4 senior divisions that DON'T have a debt (or at least not a significant one)
There's not a single scenario I can think of where the Hun (and/or Tims) go under andthings aren't better than they were bfore.
Fuck them.
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There's not a single scenario I can think of where the Hun (and/or Tims) go under andthings aren't better than they were bfore.
Fuck them.
ditto :thumbsup:
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Also, "If you hate Alex Salmond clap your hands" was one of the song yesterday! ::)
What's not to like about that?
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The fact that it was meant as a pro-Unionist chant?
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SPL - Rangers 'could be docked 75 points'
Mon, 31 Oct 12:02:00 2011
SPL leaders Rangers could be docked as many as 75 points if they are forced to become a new entity due to their current financial problems, according to the Daily Record.
The Ibrox giants are facing a £49 million tax bill which early this month club chairman Craig Whyte admitted was "paralysing" the club.
The Scottish champions are involved in two separate disputes with HM Revenue and Customs, relating to payments before Whyte completed his takeover.
The club have not paid a £2.8m tax bill which first emerged in April, relating to payments made to staff between 1999 to 2003. They are believed to be disputing a fine that goes with it.
A tax tribunal, which could cost the club £49m, will resume in November.
Now the Daily Record is claiming that there would be no way that Rangers could possibly pay that money back, and that the penalty for entering a club into the SPL under a new guise would be severe.
If such a situation transpires, then the Record claims that Rangers could face an extra 15 point deduction on top of the usual 10 point deduction that goes to a club that enters administration.
In the piece written by James Traynor, the paper also claims that such a penalty could be imposed for three consecutive season meaning they would be docked 75 points in total.
If Rangers were forced to rebrand themselves as a new club, they would also face being banned from European football for three seasons by UEFA under recently introduced guidelines.
http://uk.eurosport.yahoo.com//31102011/58/spl-rangers-docked-75-points.html
:lolabove: :wave: :wave: :wave:
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:lolabove: :wave: :wave: :wave:
Manc, I've just cum in my pants reading that :thumbsup:
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Now the Daily Record is claiming that there would be no way that Rangers could possibly pay that money back, and that the penalty for entering a club into the SPL under a new guise would be severe.
Im sorry
entering the spl under a new guise???
Dont recall Airdrie simply re-entering the First division under a new guise
Dont recall Gretna being offered the option to 'Re-enter' the SPL under a new guise
If Glasgow rangers FC ceases to exist then there is a spare space in the scottish league up for grabs and they should have to go through the same crap Annan, Ross County, Caley Thistle, Elgin, Peterhead and Airdrie United had to. If 'wearedapeoplebyraway United' were let simply let straight back into the SPL I would hope UEFA would ban scotland from international football until they were sent back to the 3rd division where they belong.
Be even more of a joke if they were let back in with a 75 point penalty ::)
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Surely if they have to
rebrand themselves as a new club
thay'd ahve to apply for membership of the SFL first, if not some junior league, let alone the SPL?
A la Clydebank?
Edit: I see Tom has the same idea :thumbsup:
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I've always liked Jim Traynor. ;D
Why did Livi get put back to the 3rd division but Dundee only got docked points?
Obviously Rangers would be exempt from a similar fate to Livi's.
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I'm thinking they would find a way of paying it back, so would probably only be fucked for a couple of seasons. Obviously I hope that's wrong but I just can't see them going under.
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I'm thinking they would find a way of paying it back, so would probably only be fucked for a couple of seasons. Obviously I hope that's wrong but I just can't see them going under.
A couple of seasons is better than none :) :thumbsup:
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I've always liked Jim Traynor. ;D
Why did Livi get put back to the 3rd division but Dundee only got docked points?
Obviously Rangers would be exempt from a similar fate to Livi's.
My understanding, and I realise this sounds fucking insane, was that the difference was that Dundee went into administration mid season while Livi did so out of season.
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The fact that it was meant as a pro-Unionist chant?
It was more likely against the bill to tackle sectarianism anyone they believe might be a football fan doing anything anybody may deem as being inappropriate.
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My understanding, and I realise this sounds fucking insane, was that the difference was that Dundee went into administration mid season while Livi did so out of season.
From drink damaged memory the main difference was Livingston could not give guarantees about completeing the fixture list and Dundee could.
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From the BBC Sport ticker:
Rangers keeper Grant Adam charged in connection with an alleged sectarian breach of the peace
:D
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From the BBC Sport ticker:
Rangers keeper Grant Adam charged in connection with an alleged sectarian breach of the peace
:D
Is he Charlie's brother ???
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Is he Charlie's brother ???
You're right, he is!
A football player is due to appear in court charged in connection with a sectarian breach of the peace.
Rangers goalkeeper Grant Adam, 20, the brother of the team's former midfielder Charlie Adam, is alleged to have committed the offence in the early hours of this morning in the Merchant City area of Glasgow.
Grant Adam has been a member of the Old Firm club since leaving school and is now the third-choice keeper for the team.
He is expected to appear at Glasgow Sheriff Court on Monday.
A spokeswoman for Strathclyde Police said: "We can confirm a 20-year-old male has been charged in connection with an alleged sectarian breach of the peace, in relation to an incident in Ingram Street on Sunday November 6."
Charlie Adam, 25, is now a Liverpool midfielder and has played for the Scotland international team.
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(http://img.skysports.com/11/11/660x350/Grant-Adam-New_2675089.jpg)
THe BbC arE BiasEED!!!
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Spotty Hun git
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Been dropped by the Scotland U21 squad for this weekends game
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Rangers FC tax tribunal set to run to January
A tribunal dealing with an appeal by Rangers FC against a disputed tax bill and penalties totalling about £49m is set to continue into January.
The First Tier Tribunal in Edinburgh was expected to conclude on Wednesday. It has now been listed to take place on 16, 17 and 18 January 2012.
The disputed bill and penalties relates to Rangers' use of Employee Benefit Trusts to pay employees.
The club faces the prospect of administration if it loses this case.
Her Majesty's Revenue and Customs (HMRC) claims that £35m is owed by Rangers in unpaid tax with a further £14m due in interest and penalties.
HMRC has also had £2.8m of Rangers assets ring-fenced over a separate tax bill which the club is understood to be disputing.
Former board members Donald McIntyre and Martin Bain have also taken Rangers to court to freeze a total of £780,000 of assets pending the outcome of their damages claims.
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Papers this morning suggesting it could be the end of the season before tax case is resolved.
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Papers this morning suggesting it could be the end of the season before tax case is resolved.
Presumably the uncertainty will prevent them from making any significant signings until all this is sorted (not that this will effect us much, or indeed anything due to how utterly dung septic are)
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Presumably the uncertainty will prevent them from making any significant signings until all this is sorted (not that this will effect us much, or indeed anything due to how utterly dung septic are)
This just in from our embedded correspondent at Murray Park, apparently they have had to take out a bridging loan of some sort and there will be significant departure/departures in January. Probably because all their available cash has been swallowed up by asset freezing of 3 mill.
Hopefully true.
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This just in from our embedded correspondent at Murray Park, apparently they have had to take out a bridging loan of some sort and there will be significant departure/departures in January. Probably because all their available cash has been swallowed up by asset freezing of 3 mill.
Hopefully true.
Not selling Jelavic for £9m in the summer is looking pretty fucking foolish right now then.
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Not selling Jelavic for £9m in the summer is looking pretty fucking foolish right now then.
:lolabove:
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Not selling Jelavic for £9m in the summer is looking pretty fucking foolish right now then.
It looked foolish back then too! :thumbsup:
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This just in from our embedded correspondent at Murray Park, apparently they have had to take out a bridging loan of some sort and there will be significant departure/departures in January. Probably because all their available cash has been swallowed up by asset freezing of 3 mill.
Hopefully true.
I read about some form of loan they took out recently - it was the business equivalent of wonga.com I think? Fucked if I can mind the name of the company now, I think it began with a C?
And I thought there was serious scepticism over whether this 9m bid for Jelavic actually happened?
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I read about some form of loan they took out recently - it was the business equivalent of wonga.com I think? Fucked if I can mind the name of the company now, I think it began with a C?
Conga.com?
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:lolabove: :lolabove: :lolabove: :lolabove:
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Its with Coutts I think, its not like wonga.com its the posh as fuck bank - now a subsidiary of RBS. Where else would a hun bank other than where the queen banks?
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Close Finance was the one I was thinking of
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Its with Coutts I think, its not like wonga.com its the posh as fuck bank - now a subsidiary of RBS. Where else would a hun bank other than where the queen banks?
So, still gonna want their readies back then.
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15820882 (http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15820882)
Get in the queue . . . . . :wave:
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15820882 (http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15820882)
Get in the queue . . . . . :wave:
The parent company of Rangers - the Rangers FC Group Ltd - will not face court action over an allegation of an unpaid bill to Fyfe Ireland solicitors.
The Edinburgh based firm was due to raise a small claims action at Edinburgh Sheriff Court for an alleged unpaid sum, believed to be £1,260.
The action has now been dismissed after the matter was settled out of court.
It is believed that the matter has been settled to the satisfaction of Fyfe Ireland and the bill has been paid.
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Another £500k gone:
http://scotslawthoughts.wordpress.com/2011/11/24/rangers-fc-yet-another-court-case-this-time-as-pursuers-but-still-not-good-news/
Rangers FC – Yet Another Court Case. This Time As Pursuers, But Still Not Good News
As I have often said, the Scottish Court Service court lists are a mine of information.
Today’s list shows an interesting case listed under the “Sist Warning List”.
SIST WARNING LIST
The sist in the undernoted case has expired. Accordingly the case will be put out By Order in the near future. Intimation should be given to the Keeper of the Rolls of any cause on the list which has settled:-
1 A32/11 The Rangers Football Club plc v CRE8 (Publishing) Ltd Dundas & Wilson CS
McClure Naismith
To explain quickly a “sist” is a suspension of a case. This can come about because both parties agree to it; because one party persuades the court that it is necessary; or at the instance of the Judge. A sist can be ordered because there needs to be time for further investigation, for negotiation or because there are other proceedings which might affect the outcome of the present case.
To avoid cases being sisted and going into what one Sheriff referred to as “outer darkness” cases which are sisted at the Court of Session are brought back to court after the sist has been in place for a period so that the court can check if the sist needs still to be in place, or if progress needs to be made with the case.
This action was raised early this year and first called in court in February.
The Rangers Football Club plc, incorporated under the Companies Acts (Co No.SC004276) and having its registered office at Ibrox Stadium, Glasgow AG CRE8 (Publishing) Ltd, incorporated under the Companies Acts (Co No. 06676057) and having its registered office at Fraser House, Wadham Close, Southrop, Lechlade
Dundas & Wilson were listed as solicitors for Rangers. As this was a pre takeover case, and as Mr Whyte seems to have dispensed with most, if not all, of those connected to the Murray Holdings era, one wonders if Rangers are still instructing D&W.
Unfortunately for Rangers, there seems to be little or no point in them pursuing the case.
As the Drum Magazine reported in May 2011 CRE8 (Publishing) Ltd had gone into liquidation. This company was printer of many football clubs’ programmes.
As the Drum reported, “Liquidation documents show Rangers owed almost £500,000, Celtic £400,000, Arsenal £270,000, West Ham £103,000 and Spurs £42,000.
“Celtic fans were urged in November last year to apply to Cre8 for subscription refunds when the club cancelled its contract with the publisher due to allegedly unpaid royalties. Rangers likewise cancelled its contract telling fans to “cancel any direct debit payment with immediate effect”.
“The collapse comes just three years after the group’s predecessor company Cre8 UK collapsed owing creditors including Birmingham City and Watford more than £2.1m.”
As the company is in liquidation, it looks as if there will be no point in Rangers continuing to pursue the action. Accordingly, the sum of £500,000 in their accounts as a debtor will need to be written off – thus denting the profit and loss account and balance sheet further.
As the case would seem to have little value to pursue, one wonders if Dundas and Wilson have any money due to be paid to them, or if they will have to join Levy & McRae and Fyfe Ireland in taking Rangers to court. Surely not!
It is interesting that, in November, Rangers prudently told fans to cancel Direct Debits to a company whose financial existence was in great peril. I am sure that no one would consider giving the same advice to Rangers fans as regards their own team.
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Huns are being investigated by the Stock Exchange for failing to disclose Whyte's previous directorship ban and could be fined £100,000 as a result.
It's not clear yet if Sone Aluko will be able to stretch his savings this far.
-
It's not clear yet if Sone Aluko will be able to stretch his savings this far.
:lolabove:
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Well he certainly canna stretch his hamstrings!
-
Huns are being investigated by the Stock Exchange for failing to disclose Whyte's previous directorship ban and could be fined £100,000 as a result.
It's not clear yet if Sone Aluko will be able to stretch his savings this far.
;D
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-15976000
Does this mean the boycott's off? Will he still sue? ::)
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BBC Scotland has learned the SFA are investigating whether or not Craig Whyte falls into their fit and proper person guidelines
:lolabove:
-
http://news.bbc.co.uk/sport1/hi/football/15992698.stm
The Scottish Football Association is investigating Craig Whyte after the Rangers owner admitted that he had been disqualified as a company director.
And if it is not satisfied that Whyte falls into its fit and proper person guidelines, it will take action against the Ibrox club.
Rangers issued a statement to the Plus stock exchange on Wednesday confirming Whyte's seven-year disqualification.
The SFA has been in dialogue with Rangers asking for more details.
"The Scottish FA has noted the Rangers FC statement to the stock exchange regarding the club's owner Craig Whyte," said chief executive Stewart Regan.
"We have been in dialogue with the club on this matter and in light of today's developments have requested clarification by return.
"We await disclosure of key information before we can make any further comment."
The governing body's articles of association state that office bearers with their football clubs must meet their board's fit and proper criteria.
The SFA board reserves the right to make such a judgement "after due consideration of all relevant facts".
Article 10.2 (g) makes reference to a person who has "been disqualified as a director pursuant to the Company Directors' Disqualification Act 1986, within the previous five years", with the caveat that the list is "acknowledged to be illustrative and not exhaustive".
White was disqualified from 2000 to 2007, as revealed in a BBC Scotland documentary on 20 October.
fuck all will happen
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The SFA would have been better saying fuck all... cos they'll deliberate and conjetate and ultimately come oot and say he is a fit and proper pers-hun... then nae doot some shite will hit the fan, he'll be shown to still be a corrupt cunt - and then they'll look like tits... but they're untouchable so that winna matter a fuck either.
I heard that's why Gary Speed topped himself.
-
The SFA would have been better saying fuck all... cos they'll deliberate and conjetate and ultimately come oot and say he is a fit and proper pers-hun... then nae doot some shite will hit the fan, he'll be shown to still be a corrupt cunt - and then they'll look like tits... but they're untouchable so that winna matter a fuck either.
This :hammer:
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Article 10.2 (g) makes reference to a person who has "been disqualified as a director pursuant to the Company Directors' Disqualification Act 1986, within the previous five years", with the caveat that the list is "acknowledged to be illustrative and not exhaustive".
White was disqualified from 2000 to 2007, as revealed in a BBC Scotland documentary on 20 October.
Their explanation for not taking action will be - White was disqualified in 2000, which is more than 5 years ago.......... so no need to rock any boats.
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I really dont like the way Radio scotland were refering to them appealing Alukos 2 match ban as ' Rangers have rejected the offer of a 2 match bad'
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They just released pics of the aftermath of the 2008 UEFA cup final
http://www.bbc.co.uk/news/uk-england-manchester-16054633
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:lolabove:
-
FUCKING HELL!!!
http://news.bbc.co.uk/sport1/hi/football/16091669.stm
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Wonders will never cease.
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Heard on Radio Scotland that Sally is annoyed as this makes Aluko out to be a liar and a cheat.
Nae luck eh
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Heard on Radio Scotland that Sally is annoyed as this makes Aluko out to be a liar and a cheat.
Nae luck eh
But I thought Sone joined Rangers?? ??? ??? ??? ???
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Heard on Radio Scotland that Sally is annoyed as this makes Aluko out to be a liar and a cheat.
Nae luck eh
:lolabove: stupid sally, that's what justice proves :)
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hopefully sally gets a kicking too since hes now publicly slagged off jim McCluskey who was chairing the hearing
Always liked Jim McCluskey ever since he gave that penalty in Roy Aitkens first game in charge
Gerry Macnee's wonderful commentary
'well theres certainly cont-ra-versy here in this second half. Rangers have a penalty claim turned down at one end.....and theres one given to aberdeen at the other'
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They just released pics of the aftermath of the 2008 UEFA cup final
http://www.bbc.co.uk/news/uk-england-manchester-16054633
Absolutely fucking brilliant Thomas
Have a +1
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Heard on Radio Scotland that Sally is annoyed as this makes Aluko out to be a liar and a cheat.
And the problem there is ???
McCoist = CUNT
-
http://www.scotsman.com/scotland-on-sunday/sport-columnists/aidan-smith/hibernian_0_2_rangers_nikica_jelavic_brace_enough_to_see_off_hibs_1_2003549
At it again yesterday:
"The only noise being made by the visitors at this point came from an element of their support, a group who quite clearly feel persecuted by the SFA over that business of the Sone Aluko dive and subsequent ban. Their way of registering their protest was to tell the SFA where to go – as is their right – while also chipping in with some singing about Fenian bastards, which is utterly moronic. The SPL will spring into action now. Not so much iron fist as feather duster. The bigots will get a right good tickling over this from the hardliners at Hampden."
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Rangers are hopeful that former striker Nacho Novo, who has been training with the club over the Christmas period, will return to Ibrox from Sporting Gijon. (Daily Record)
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Oh yes please.
An utterly odious little cunt well worthy of every bit of stick directed at him.
P.S. And he is shite, well past his sell by date, if indeed he ever had one.
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Jelavic was "injured" yesterday. ;)
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FUCKING HELL PART 2 :o
http://news.bbc.co.uk/sport1/hi/football/16428573.stm
Lee McCulloch will miss Rangers' next two games after the Scottish Football Association upheld his two-match suspension for violent conduct.
The midfielder was sent off during the defeat by St Mirren on Christmas Eve, but appealed and was able to feature against Celtic and Motherwell.
However, the SFA's fast-track tribunal dismissed the club's appeal.
McCulloch will now sit out the Scottish Cup tie against Arbroath and the league trip to St Johnstone.
He was sent off by referee Steven McLean following a clash with Graham Carey in the first half of the 2-1 defeat.
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Why wasn't a further punishment given for "clearly coming the cunt"?
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http://news.bbc.co.uk/sport2/hi/football/16435275.stm
Lafferty out for 7 weeks. ;D
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http://news.bbc.co.uk/sport2/hi/football/16435275.stm
Lafferty out for 7 weeks. ;D
Not long enough
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Not long enough
You've taken the words right out of my mouth.
That was exactly what I was away to type :thumbsup:
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Why wasn't a further punishment given for "clearly coming the cunt"?
:lolabove:
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Why wasn't a further punishment given for "clearly coming the cunt"?
You should know how this works now.
SPL ran by: Huns and Tims.
Teams punished less than others: Huns and Tims.
Teams punished for frivolous appealing: Dons, Arabs, Pars, Jambos, Hibs, Killie, Helen, Caley, Well and St. Johnstone.
:hammer: :hammer:
Foster leaving Dons? Lafferty out for 7 weeks? Am I dead and in heaven?
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You should know how this works now.
SPL ran by: Huns and Tims.
Teams punished less than others: Huns and Tims.
Teams punished for frivolous appealing: Dons, Arabs, Pars, Jambos, Hibs, Killie, Helen, Caley, Well and St. Johnstone.
:hammer: :hammer:
Foster leaving Dons? Lafferty out for 7 weeks? Am I dead and in heaven?
It is thoroughly transparent. SFACUNTS.
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Somebody's just told me they've signed/signing Garry O'Connor?
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Somebody's just told me they've signed/signing Garry O'Connor?
Read this rumour few days ago on P&B and he didn't play yesterday
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http://www.bbc.co.uk/news/uk-scotland-scotland-business-16471831 (http://www.bbc.co.uk/news/uk-scotland-scotland-business-16471831)
Shares in Rangers football club have been suspended from trading on the Plus stock exchange after the club failed to file accounts on schedule.
The club said it expected to file accounts around the end of this month and that the delay was down to the ongoing dispute over tax.
It added that it was considering giving up trading on the Plus exchange.
This follows the takeover last year of the controlling stake of 85% of shares by chairman Craig Whyte.
Rangers is disputing a tax bill and penalties of £49m with HM Revenue and Customs (HMRC).
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Tick tock.........
Huns or Hearts.....who is going first ;)
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Tick tock.........
Huns or Hearts.....who is going first ;)
How about both?
At the same time.
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Whittaker out for 6 weeks :thumbsup:
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:wave: :wave: :wave: :wave: :wave: :wave: :wave:
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Chris Harvey on twatter:
Neil, I think this it. RT @NeilKDrysdale: Just got a message: rangers have to pay hmrc £35.8m. And cant pay it. Bankruptcy looms.
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Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy Oh boy
I'm so excited a bit of wee just came out
You know when you were a kid and you got so hyper about xmas that by the time the day came it was a bit of an anticlimax?
This is nothing like that ;D
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Chris Harvey on twatter:
Neil, I think this it. RT @NeilKDrysdale: Just got a message: rangers have to pay hmrc £35.8m. And cant pay it. Bankruptcy looms.
Please, please be true!
After Aberdeen win at Iprix on 210112 :AFC2:
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;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
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How good would it be to see that wee Hun Bastard Aluko looking for a new job again!
;D
-
Sandaza has turned them down too :D
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Ally McCoist says he has his "fingers crossed" ahead of the start of the club's tax tribunal.
A first-tier tribunal is set to be held in Edinburgh on Monday over the Ibrox club’s main dispute with Her Majesty's Revenue and Customs.
Rangers have been under investigation for payments made to staff in benefit trusts and the case could cost the club up to £49million.
Chairman Craig Whyte, who was aware of the issue before buying the club from previous owner Sir David Murray, hasn’t ruled out administration as an option for the Glasgow side if they lose the case.
And McCoist admitted his concerns to a number of Sunday newspapers.
He said: "The club feel they have a strong case, I would imagine HMRC feel they have a strong case.
"Craig has been informing me of the situation and, like every other Rangers supporter, I am sitting with my fingers crossed.
"Let's make no mistake about it, we'd far rather it wasn't there.
"I am not going to tell you everything is rosy, because it is not."
The tribunal is scheduled to last three days but March is the likeliest time scale for an outcome.
"The most important thing from where I am sitting is resolution," McCoist said. "We need a result so the club can move forward."
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Huns sign Celik
http://news.bbc.co.uk/sport2/hi/scotland/default.stm
:lolabove:
Wonder how many differnt way chick dung will find to pronounce his name so it doesn't sound like that "other" glasgow SPL club? ;D
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Spouting aff in the gutter press today about not being called Celik.
Funny that, thought that was his name ::)
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SIR David Murray made a surprise return to his old club Rangers yesterday.
The former owner's visit to Murray Park came as Ally McCoist's bargain-basement January recruitment drive was descending into farce.
Zlatan Muslimovic
The 60-year-old appeared at the training complex for what senior sources insist was a scheduled appointment with the club doctor.
But Record Sport can also reveal Murray spent more than an hour with McCoist, who was left reeling by the latest double blow to his transfer plans.
Bosnia striker Zlatan Muslimovic failed to report back to the Auchenhowie base for the second day of what was supposed to be a week-long trial.
Instead, the 30-year-old packed his bags after just one training session and headed for Wearside in a bid to win a place in Martin O'Neill's Sunderland squad.
And in a further bizarre twist, bewildered full-back Enar Jaager fled back to Estonia fearing his dreams of a deal are dead - even though he was expected to play in a closed-door bounce game against Carlisle.
Instead, it was Murray who turned up while Jaager jetted out of Glasgow without a contract offer, despite McCoist confirming publicly he wants the free agent signed up for at least the rest of the season.
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(http://media.tumblr.com/tumblr_lwdq1buJIq1qdg3x3.png)
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:rofl:
-
oops:
A Rangers player will go on trial charged with chanting sectarian slogans.
Ibrox reserve goalkeeper Grant Adam is accused of shouting, swearing and singing sectarian slogans in Glasgow’s Merchant City.
The 20-year-old, whose older brother Charlie plays for Liverpool having previously featured for Rangers, denies committing a breach of the peace aggravated by religious prejudice in Ingram Street on November 6 last year.
Adam, of Bearsden, East Dunbartonshire, appeared at Glasgow Sheriff Court on Wednesday, represented by lawyer Paul Sweeney.
The case was continued for trial, which is scheduled to take place next month.
Adam has been at Rangers since leaving school and is the third-choice keeper for the team behind Allan McGregor and Neil Alexander.
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Sky Sports claiming fee agreed to sell Jelavic to Everton. Hopefull to close to the window to allow Sally to sign any replacement.
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Sky Sports claiming fee agreed to sell Jelavic to Everton. Hopefull to close to the window to allow Sally to sign any replacement.
Emergency loan of Darren Mackie will be on the cards ;)
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CRAIG WHYTE sold off four years of fans' money to help fund his Rangers buy-out, it was revealed last night.
And Record Sport can also reveal high-ranking HMRC officials are investigating alleged non-payment of VAT since Whyte gained control of the club last May.
Current director Dave King and former board member Paul Murray have been quizzed by the tax authorities as part of their enquiry which has revealed £24.4million has been borrowed against future season-tickets sales.
Tranches of tickets over four seasons have been sold to Ticketus, a London-based group linked to Octopus, and it's claimed this deal helped finance Whyte's operating costs after the takeover.
Whyte himself last night confirmed he had sold off the tickets but denied he used the money to pay off Lloyds Bank. He insisted the £18m for the bank came from one of his companies.
When Whyte took over Rangers' debt was £18m to Lloyds Bank and their wage bill had been reduced to £14m but it is believed the club could owe much more than that.
It's thought the current debt is £21m to Ticketus plus £5m VAT on the ticket deal. But there could be other bills due and of course Rangers are awaiting the final verdict on their £49m EBT (Employee Benefit Trust) tax case.
Last night Whyte insisted the Ticketus deal was normal practice for clubs and his spokesman said: "The suggestion that the Rangers takeover was funded through financing arrangements on season tickets is categorically untrue.
"Rangers FC is no different in that it has a working capital facility with Ticketus, as have many, many other clubs. It is a common arrangement in football. This facility was in place at Ibrox long before the takeover."
The EBT ruling is due within weeks and if Rangers lose they will be facing financial meltdown.
Their debt could then be in the £75m region with liquidation a stark reality.
But many now fear Rangers could be tipped over the abyss and into some kind of insolvency even before their Judgment Day over the tax case.
Rangers fans put their faith in Whyte believing he would get rid of the club's debt and also provide transfer money for manager Ally McCoist, who has been an impoverished bystander during this transfer window.
But the Ibrox club's support will be shocked by the detail of invoices and letters now in the revenue's possession. It is claimed these show Whyte sold off massive chunks of Rangers' future season-ticket sales.
And former board member Murray believes the takeover wouldn't have been possible without the fans, even though they had no idea future tickets had been sold off to raise extra cash.
Murray said: "These documents prove to me that Rangers fans have actually paid and will continue to pay for the sale of their club."
He added that HMRC have told him they are also due VAT, as much as £5m, on the deal with Ticketus and insists he has seen details of letters and invoices held by HMRC.
Murray claims that in one of the documents, a letter dated March 8, 2011 and signed by Whyte, it is alleged he made it clear that through Wavetower, his bid vehicle at the time, he would be entering into a deal to sell the season tickets to a company called Ticketus.
They are part of London-based Octopus, a perfectly legitimate lender who grant immediate loans based on future ticket sales. Record Sport managed to speak with most of the people who were on the Rangers board at the time of the takeover and they insist they knew nothing about the sale of season tickets. In fact they tried to ring-fence supporters' money.
The papers, which are being pored over by HMRC officials, are said to reveal borrowing against ticket sales for seasons 2011-12, 12-13 and 13-14 that Whyte was able to raise £24.4m.
Then on June 27 he was hit with the first of his repayment bills from Ticketus, who were demanding a total of £9.5m, their share of that summer's season-ticket sales. Whyte could only come up with £3.5m cash and to fill the shortfall mortgaged off part of season 2014-15 to the value of £6m.
Opening in March last year Murray claims the detail contained within HMRC's file is extensive and explosive.
This is the timetable and interpretation of events: March 8, 2011: A letter from Liberty Capital (one of Whyte's companies) is signed by Whyte and addressed to Ticketus.
In the letter Whyte confirms the intention to sell Rangers' season tickets to Ticketus.
April 7: Lawyers on behalf of Ticketus deposit £24.4m into a Collyer Bristow (lawyers for Whyte's bid) client account. A further £2m was placed in the same account from a company called JLT Benefit Solutions with £1m from the Merchant House Group, a firm of corporate finance specialists with whom Whyte is closely linked.
May 9: An agreement was entered into between Ticketus and Rangers to sell the season tickets.This was just three days after the takeover date of May 6. The bank was repaid the £18m.
June 27: Ticketus raised an invoice to Rangers seeking first repayment of £9.5m on their agreement. Rangers paid only £3.5m of that amount in cash and borrowed £6m more from Ticketus by selling another portion of 2013-14 as well as a portion of season 2014-15. Analysts stress there is nothing illegal in selling future ticket sales. In fact, it is common practice in British football, although the problems encountered by Leeds United and Newcastle United, who both borrowed too often and too much, are proof of the dangers.
Whyte has never declared the deals with Ticketus although HMRC documents suggest he has cashed in on fan loyalty.
The tax officials quizzed Murray and South African-based King, who was on conference call, as recently as last Friday morning.
They insisted they had no knowledge of what had been happening and Murray, who last year offered to take the club off Lloyds' books and invest £15m in the team in a last-ditch attempt to prevent Whyte from getting the club, said he couldn't believe what he was reading when presented with the HMRC file.
"HMRC asked for a meeting at the end of last week to find out what knowledge I, having been a director of the club at the time, had of these transactions prior to the takeover," Murray said.
"I knew nothing about this and although I have been questioned by HMRC and seen some especially revealing documents which are in their possession, it is still very hard to take in what has been going on.
"Collyer Bristow were acting for Craig Whyte during the takeover and I have been shown their client account, from the opening of it until today.
"I've also seen all invoices from Ticketus to Rangers and Rangers to Ticketus supporting all these actions.
"I can't believe Rangers have been handed over in this way.
"Remember also, the Independent Board, set up to make sure any potential buyers were capable of making the purchase and then funding the business, asked repeatedly where Craig Whyte was getting the money.
"He said it was from his own personal wealth and through Liberty Capital, which he insisted he owned 100 per cent, in the British Virgin Islands.
"Plans were being made to sell off future ticket sales but the directors were never told. This was all being done behind our backs."
King was also shocked to learn of the seasonticket sale and said: "Securitising season tickets is a valid seasonal funding strategy to smooth cash flows within the year - but no longer."
Whyte's spokesman added: "The takeover team instigated discussions with Ticketus prior to the takeover because the relationship with Rangers was already in place and the new owners wanted to continue it.
"They were clear from the outset they wanted to ensure there were robust working capital provisions in place that could deal with the many financial challenges the club faces.
"The takeover was funded by one of Mr Whyte's companies. Several months before then - and long before any discussions with Ticketus - Mr Whyte was asked to provide proof of funds for the takeover and he did that to the satisfaction of the previous owners, Lloyds Banking Group and professional advisers."
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Please dear god let this institution of hate and bigotry fold. Let it be consigned to history, so that in 100 years time people can look back and say "Jesus. I'm glad things that symbolise religious and cultural hatred are things of the past. How quaint."
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So will the huns be refusing to speak to the Record now too?
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(http://p.twimg.com/AkcWdNyCAAAhu0h.jpg:small)
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http://www.rangers.co.uk/news/football-news/article/2594589
The Daily Record's approach to this story sought to distort and dramatise the matter. I for one will not be reading or buying the Daily Record again and I'm sure many other Rangers fans will share my disgust at yet another smear on this football club.
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Former Rangers chairman Alistair Johnston has told BBC Radio Scotland's Sportsound that "there are more revelations to come" at the club.
*rubbing hands together in glee smiley*
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Former Rangers chairman Alistair Johnston has told BBC Radio Scotland's Sportsound that "there are more revelations to come" at the club.
*rubbing hands together in glee smiley*
Never mind rubbing hands....the prospect of what might be about to be revealed means most Dons fans are positively wanking themselves into a frenzy ;)
Out of curiousity, are the record to be banned from Ipox after the article they ran with today ???
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Jelly Belly away........
Sandaza - No
Holt - No
Some boy from Falkirk (not El Algui) No
Looks like it is Healy, Laughing Boy and Aluko for the rest of the season
Lets make sure we're in the top six and do these cunts :thumbsup: :thumbsup:
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Jelavic has signed for Everton.
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5.5 mill, way less than the 9 mill or 7 mill supposedly offered.
Mad rumours McCoist has walked. ???
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5.5 mill, way less than the 9 mill or 7 mill supposedly offered.
Mad rumours McCoist has walked. ???
Pushing Wee Durranty was he ???
-
Jelly Belly away........
Sandaza - No
Holt - No
Some boy from Falkirk (not El Algui) No
Looks like it is Healy, Laughing Boy and Aluko for the rest of the season
Lets make sure we're in the top six and do these cunts :thumbsup: :thumbsup:
Sad thing is they will still finish second.
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5.5 mill, way less than the 9 mill or 7 mill supposedly offered.
Mad rumours McCoist has walked. ???
Allegedly still due some of that fee to Rapid as well.
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5.5 mill, way less than the 9 mill or 7 mill supposedly offered.
Mad rumours McCoist has walked. ???
Sky reported earlier that the cheating hun bastard has been told he will see not one penny of the Jelavic fee. Showed him coming out of the Bronx and his face was like thunder
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Haha nothing to see here. GIRFUY you hun cunts :haterangers: :thumbsup:
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Coisty leaving is actually bad news. They might now get a good manager in.
Calderwood for a return? Cheap, local and available.
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http://thesun.mobi/thescottishsun/news/4100851/Rangers-star-and-UDA-boss.html?mob=1
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Some Bookies have now suspended betting on the cheating hun bastard being the next manager to vacate his position. Received a raft of bets last night and the price went from 8/1 in some places down to 7/4.
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"Rangers fans are reminded that the season ticket renewal deadline for season 2018-2019 is tomorrow at midday!"
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Some Bookies have now suspended betting on the cheating hun bastard being the next manager to vacate his position. Received a raft of bets last night and the price went from 8/1 in some places down to 7/4.
Sally in the paper this morning saying he will not resign.
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RAGING Rangers chief Craig Whyte last night launched a blistering attack on the former directors he says took the club to the brink of COLLAPSE.
The Ibrox chairman hit back after being accused of using season ticket cash to finance his regime.
Whyte was slated by ex-chairman Alastair Johnston and directors John McClelland and Paul Murray who put the boot into the man in charge of the troubled SPL champs.
Now in a stunning SunSport exclusive he has fired back and rapped: "They have all been sitting there for years making a financial mess of Rangers.
Now they are throwing stones at the man who is in trying to clear it up!
"They are slagging me off but where was Paul Murray when the club was up for sale for three years?
"How much money did Alastair Johnston put into Rangers?"
In a sensational twist Whyte revealed that former chairman McClelland and ex- chief executive Martin Bain had Employee Benefit Trusts — the controversial schemes that have plunged the club into their tax crisis.
Whyte said: "They took big salaries out and operated a tax scheme that has driven this club to the brink.
"There is no question that there is a vendetta against me by the old board. They wanted the club to themselves and I spoiled their plans.
"Now instead of getting on with their lives their anger is increasing.
"These guys don't get a hard time and I find that unbelievable. Some people are rewriting history and saying they did a good job.
"What planet are those people living on?"
Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4103170/Im-having-to-clear-up-mess-made-by-you-lot.html#ixzz1lDeQH6W8
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In true hun fasion, deflect deflect!
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He does have a point though, for others who were on the board to have a go is a bit rich. It's their fault in the first place! :D :rofl:
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Neatly avoiding answering anything though. Neatly disregarding or ignoring any criticism, though it is there by definition, or Sir David.
Deflect, deflect, deflect. The downward spiral tightens.
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http://www.bbc.co.uk/sport/0/football/16778861
check the voxpops out. ;D
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17822 ::)
Looks like the rats are deserting the sinking ship :thumbsup:
Having watched most of that game today got to say, take Davies, Aluko and MacGregor out of that team and they seriously have fuck all left :wave:
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17822 ::)
Looks like the rats are deserting the sinking ship :thumbsup:
Having watched most of that game today got to say, take Davies, Aluko and MacGregor out of that team and they seriously have fuck all left :wave:
When a club really needs its bigots fans, you can always rely on the great unwashed to let their club down.
I am reminded of the post Hamilton period, 1987 ish when they deserted in droves.
Nice guy that Craig Whyte. Not.
Mwhahahahahaaaaahaaaahahahahahhhhaaaaaaahahahahahahahahaaaaaaaaaaaaaaaaahaha........
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One of the best things about this is that before it all actually happened i remember thinking the whyte takeover might be good for der hun ;D
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One of the best things about this is that before it all actually happened i remember thinking the whyte takeover might be good for der hun ;D
In a Romanov sort of style ???
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Ya think Chicky Young will be salivating over their troubles like he did ours? ???
Nah, didna think so ;D
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Desperate times down there, expect to see the ibrox toaster on ebay in the coming days.
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A mystery lottery winner has come forward with an offer to buy the filthy bastards.
He got three numbers....
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http://www.bbc.co.uk/sport/0/scotland/16898746 (http://www.bbc.co.uk/sport/0/scotland/16898746)
:lolabove:
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Going to be sposored by buckfast next season? In div 3? ;)
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http://www.bbc.co.uk/sport/0/scotland/16898746 (http://www.bbc.co.uk/sport/0/scotland/16898746)
:lolabove:
:lolabove:
And this evening
BBC Scotland has uncovered evidence which suggests Rangers owner Craig Whyte may have lied in court. (http://www.northeastfoto.com/forums/images/smilies/fighting58.gif)
During a civil case last year, he told Glasgow Sheriff Court his seven-year ban from being a company director did not relate to treatment of creditors.
But the judge who imposed the ban said company assets were "put out of the reach of the creditors".
The Rangers owner accused the BBC of a "witch-hunt" and said the matter would be dealt with robustly by his lawyers.
Details of Mr Whyte's seven-year disqualification, imposed in 2000, were revealed by a BBC Scotland investigation - Rangers: The Inside Story - which was broadcast in October.
The programme heard allegations that Mr Whyte controlled a company called Re-Tex Plastic Technology despite his ban, an offence which could incur a two-year jail term.
Re-tex Plastic Technology was later wound up in 2003.
Following the documentary, Mr Whyte denied all the claims "in the strongest possible terms" and said he would be launching legal action against the BBC.
The corporation has, as yet, not received a writ.
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(http://a7.sphotos.ak.fbcdn.net/hphotos-ak-ash4/407174_2634060252341_1280465893_32189943_443043116_n.jpg)
(http://a1.sphotos.ak.fbcdn.net/hphotos-ak-ash4/407057_3216613663053_1497694985_3112020_1497600664_n.jpg)
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Pinched!! :thumbsup:
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Could you help to safe Rangers Football Club by donating just one pound per calendar month. You would be helping a rangers player be fed, clothed and washed. Please donate now.
This appeal is on behalf of the Help A Hun Association or HAHA for short !
Q. Whats got four legs and more money than Rangers Football Club
A Harry Redknapp's dog.
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-16984191
Rangers owner Craig Whyte has been told to pay a disputed bill of £86,127 to a roofing firm after a sheriff described his evidence as "wholly unreliable".
;D
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Why cant the judge see that the 10,000 large concrete council roof tiles were for his castles roof and not his mates building firm I dont know!
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Knew they were skint but seriously?
http://www.gumtree.com/p/business-services/learn-to-drive-from-age-12/95335568
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DAVE KING has been ruthlessly axed as a Rangers director for daring to question Craig Whyte’s regime.
South-African based King was told by e-mail late on Friday afternoon he had been kicked off the beleaguered club’s board.
Record Sport believes the latest boardroom change will be announced on the Plus Market today with Ibrox sources insisting King’s dismissal is punishment for objecting to Whyte’s dealings.
Rangers fans will be shocked by this latest departure as many of them saw King as the man who would save their club.
King was alarmed when we revealed the new owner had mortgaged four years of season tickets to raise £24.4million.
The deal with Ticketus was done without the previous board’s knowledge and although Whyte later said he’d been left with a £7m bill from Ticketus, he was quickly slapped down by the man who sold him the club last May.
Sir David Murray firmly denied Whyte had been left to pick up a Ticketus tab.
King was the last link between Whyte’s board and the old guard but he has been dumped just as chairman Alastair Johnston, chief executive Martin Bain, financial director Donald McIntyre and Paul Murray were after the takeover.
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(http://d.images.memegenerator.net/instances/500x/14511419.jpg)
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Gone into administration this lunchtime :o :o :o :o :wave:
Rangers have lodged an intention to go into administration with the Court of Session.
The Ibrox club lodged the notice in Edinburgh at Monday lunchtime.
They now have five days in which to formally declare administrators have taken over the running of the club.
Solicitors lodged the papers with the Court of Session on behalf of the club's directors on Monday.
Rangers FC are currently awaiting the result of a £49m tax case with HM Revenue and Customs in relation to the club's use of the Employee Benefits Trust to pay players and staff.
The Court of Session confirmed to STV that papers confirming the intention to appoint administrators had been received.
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(http://i.imgur.com/Ie0h6.gif)
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(http://i.imgur.com/77DJY.gif)
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I may have just pissed myself :thumbsup:
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Is that an automatic 10 point penalty then? Do they only get chucked out of the league if they go into liquidation?
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Turned on Sky news a minute ago and saw the news.
Instant reaction was LOL.
:wave: Sone
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(http://thechive.files.wordpress.com/2011/02/anigif_gif-5-26522-1297180433-6.gif?w=350&h=174)
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Is that an automatic 10 point penalty then? Do they only get chucked out of the league if they go into liquidation?
Should be automatic 10pt deduction however fully expect to rip up the rule book in this instance.
Sad thing is even with a 10pt deduction they will still finish clear in 2nd.
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How many points will an SPL club be deducted?
The simple answer is 10 points. The only way a club can be deducted more than 10 points is if it goes into administration twice in the same season.
When will they lose the points?
If the "insolvency event" occurs during the season, the points are docked straight away. If it happens in the close season, the club starts the next season on minus 10 points.
Can a club appeal a points deduction?
Only if it can prove it did not go into administration.
What happens if administration lasts over more than one season?
If a club begins a season in administration, they will begin on minus 10 points.
What happens if a club goes into administration twice in one season?
Ten points are docked each time a club goes into administration, unless the events are linked. It is up to the SPL board to decide, this can be appealed.
Will a club still be able to sign players?
No. The only exception is if a team requires an emergency goalkeeper or if a club is looking to replace a player who has left the club. This means no permanent transfer and no loan signings. Clubs can still sell players. The SPL board has the final say.
How many points will a First, Second or Third Division (SFL) club lose?
The SFL do not have a set figure. The amount docked from clubs is decided by the board on a case-to-case basis. The SFL are also likely to impose a registration embargo. There are no fixed punishments and the SFL can set any conditions it chooses.
Can an SFL team be thrown out of the league mid-season?
No. Gretna and Livingston were relegated to the Third Division for being in administration but this can only happen in the close season.
What can the Scottish FA do to clubs?
The Scottish FA's Judicial Panel has the power to suspend or terminate the membership of any club which goes into administration. This has never happened.
Alternatively, the SFA can instead choose to “censure, fine, sanction and/or penalise the member in such manner as it considers appropriate”. This has nothing to do with points deductions. The SFA has never exercised this power.
Another option available to the SFA is to exclude a club from the Scottish Cup. This is a new provision which first appeared in the organisation’s articles of association in the 2011/12 season.
Can UEFA do anything to Scottish clubs in administration?
If a club is playing in Europe, it needs a UEFA club licence. If a club goes into administration but has already been given permission to play, it will not lose its licence for the season.
Would a club get a new licence when in administration?
It is unlikely. The club would have to prove it owes no money to other clubs, to its employees, and to HM Revenue and Customs.
Additionally, the club would also have to prove to the SFA it is likely to survive until the end of the season in which the licence applies to. Club licenses are valid for one season and are granted at the start of each season.
What happens when a club wants to exit administration?
A Company Voluntary Arrangement (CVA) is drafted for a club to try and reach an agreement with its creditors. Clubs must agree with those it owes money to over how much to pay back, and over what period of time.
Everyone who is owed money is then invited to vote on the proposal. A 'yes' vote is required from creditors up to 75% of the value of the overall debt. For example, if total debt is £10 million, the company must receive the backing from creditors to the tune of £7.5 million.
How long does it take before the club is out of administration?
If a CVA is approved, creditors have a period of 28 days to register their opposition to the decision.
If there is no opposition, the club exits administration and continues in its current form, paying back its creditors over the agreed period of time.
What if a club fails to reach an agreement?
A club may try again to reach a satisfactory agreement with its creditors. But, if is unable to agree a deal, the company will be dissolved and the club will cease to exist.
There is an alternative for football clubs. As was the case in England with Leeds United, the insolvent company can create a "phoenix" club and attempt to transfer every part of the club to a new business, leaving behind the debt.
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Their bigger worry will be Europe:
http://m.stv.tv/sport/football/scottish-premier/rangers/277010-what-happens-when-a-football-club-goes-into-administration/
Since the turn of the century, seven Scottish clubs have entered administration. With Rangers new owner Craig Whyte having admitted that he is working to avoid taking the Ibrox club down the same road, the spectre of insolvency still hangs over the national game.
The business implications of calling in the administrators are countless and can threaten the existence of a company, or provide it with a road to recovery. The sporting implications also have to be considered, and with clubs answerable to as many as four different governing bodies for different competitions, can be wide reaching.
We've put together a layman's guide to the rules and regulations regarding administration from the authorities concerned and answered some of the key questions often posed.
How many points will an SPL club be deducted?
The simple answer is 10 points. The only way a club can be deducted more than 10 points is if it goes into administration twice in the same season.
When will they lose the points?
If the "insolvency event" occurs during the season, the points are docked straight away. If it happens in the close season, the club starts the next season on minus 10 points.
Can a club appeal a points deduction?
Only if it can prove it did not go into administration.
What happens if administration lasts over more than one season?
If a club begins a season in administration, they will begin on minus 10 points.
What happens if a club goes into administration twice in one season?
Ten points are docked each time a club goes into administration, unless the events are linked. It is up to the SPL board to decide, this can be appealed.
Will a club still be able to sign players?
No. The only exception is if a team requires an emergency goalkeeper or if a club is looking to replace a player who has left the club. This means no permanent transfer and no loan signings. Clubs can still sell players. The SPL board has the final say.
How many points will a First, Second or Third Division (SFL) club lose?
The SFL do not have a set figure. The amount docked from clubs is decided by the board on a case-to-case basis. The SFL are also likely to impose a registration embargo. There are no fixed punishments and the SFL can set any conditions it chooses.
Can an SFL team be thrown out of the league mid-season?
No. Gretna and Livingston were relegated to the Third Division for being in administration but this can only happen in the close season.
What can the Scottish FA do to clubs?
The Scottish FA's Judicial Panel has the power to suspend or terminate the membership of any club which goes into administration. This has never happened.
Alternatively, the SFA can instead choose to “censure, fine, sanction and/or penalise the member in such manner as it considers appropriate”. This has nothing to do with points deductions. The SFA has never exercised this power.
Another option available to the SFA is to exclude a club from the Scottish Cup. This is a new provision which first appeared in the organisation’s articles of association in the 2011/12 season.
Can UEFA do anything to Scottish clubs in administration?
If a club is playing in Europe, it needs a UEFA club licence. If a club goes into administration but has already been given permission to play, it will not lose its licence for the season.
Would a club get a new licence when in administration?
It is unlikely. The club would have to prove it owes no money to other clubs, to its employees, and to HM Revenue and Customs.
Additionally, the club would also have to prove to the SFA it is likely to survive until the end of the season in which the licence applies to. Club licenses are valid for one season and are granted at the start of each season.
What happens when a club wants to exit administration?
A Company Voluntary Arrangement (CVA) is drafted for a club to try and reach an agreement with its creditors. Clubs must agree with those it owes money to over how much to pay back, and over what period of time.
Everyone who is owed money is then invited to vote on the proposal. A 'yes' vote is required from creditors up to 75% of the value of the overall debt. For example, if total debt is £10 million, the company must receive the backing from creditors to the tune of £7.5 million.
How long does it take before the club is out of administration?
If a CVA is approved, creditors have a period of 28 days to register their opposition to the decision.
If there is no opposition, the club exits administration and continues in its current form, paying back its creditors over the agreed period of time.
What if a club fails to reach an agreement?
A club may try again to reach a satisfactory agreement with its creditors. But, if is unable to agree a deal, the company will be dissolved and the club will cease to exist.
There is an alternative for football clubs. As was the case in England with Leeds United, the insolvent company can create a "phoenix" club and attempt to transfer every part of the club to a new business, leaving behind the debt.
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Should be automatic 10pt deduction however fully expect to rip up the rule book in this instance.
Sad thing is even with a 10pt deduction they will still finish clear in 2nd.
And they can be in and out of Administration within 28 days meaning they will still be fine to get a UEFA license to play in Europe next season. Cunts could be out of this without a scratch.
On the other hand, will be interesting to hear if this is all pre-tax case. They've been pushing the line that it's only the tax case lingering over RFC but it seems there's a lot more problems to be had. Losing the tax case could then push them to liquidation which is the dream.
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BBC Scotland's business and economy editor, Douglas Fraser, said the legal moves on Monday surrounding administration would give the club "a few days for negotiations with HM Revenue and Customs (HMRC)".
The revenue could stand to lose out on any tax due if Mr Whyte chooses to collapse the company.
Mr Whyte is understood to be the club's main secured creditor via a floating charge over its assets.
This would allow him to pursue other avenues such as receivership or pre-pack administration to satisfy the debts which the club owes him.
These would involve transferring Rangers assets out to another company or companies to satisfy outstanding debts to the floating charge holder and leaving the club behind with the debt.
In such scenarios, it would be likely that Rangers FC - formed in 1873 - would be formally wound up.
Surely in such scenarios, division 3 beckons?
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:wave:
Fuck yeah!!!
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I have my hard hat on. Isn't football all abour rivalries, and Rangers are one of our biggest, the fans are always up for the games, we love to see the dons beat Rangers. Won't anyone miss that, will be get as excited when they are replaced by Hamilton or Raith Rovers? Look at attendances for non Old firm games?
Yes they have brought it on themselves, but part of me think's this cannot be good for the game.
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Oh ya fucking dancer :thumbsup:
In some respects regardless of what penalties they may or may not incur (and I firmly believe that it will be not ) the mere fact that this happens is almost enough in itself. Never ever ever let any hun cunt you know forget about this :wave:
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I have my hard hat on. Isn't football all abour rivalries, and Rangers are one of our biggest, the fans are always up for the games, we love to see the dons beat Rangers. Won't anyone miss that, will be get as excited when they are replaced by Hamilton or Raith Rovers? Look at attendances for non Old firm games?
Yes they have brought it on themselves, but part of me think's this cannot be good for the game.
I made a similar point a few months ago when hertz were facing wind up orders. If it can happen to those two then who's next? Our debt is massive for the size of our club after all. That said Lawell can say what he likes in the press but i lay money the tims are shitting it a bit, they are going to lose a lot of money if der hun go to the wall. The only way for scottish football to move forward in my eyes is by the o/f having considerably less influence. Huns go down to div 3 then they cant join together and veto any motion made with the 11/1 voting system
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Sky Sports News suggesting the move has been made today, pre-tax case, because if he waits until then Craig Whyte would no longer be the preferred creditor in the administration process.
:lolabove:
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(http://i.chzbgr.com/completestore/2012/2/13/26f54c8f-3405-43be-936f-d1ecb88bc887.jpg)
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If he's really only in it for a few quick bucks, surely some mad hun supporting cave dweller is going to try to kill Craig Whyte?
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Oh ya fucking dancer :thumbsup:
In some respects regardless of what penalties they may or may not incur (and I firmly believe that it will be not ) the mere fact that this happens is almost enough in itself. Never ever ever let any hun cunt you know forget about this :wave:
Indeed, even if they get a points deduction, they finish 2nd. Even if they miss out in Europe it will likely only be one tie given the shocking nature of their squad. It's probably enough to know that they are not only scum but cheats in the same vain as Motherwell, Dundee, Gretna and Livi :thumbsup:
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RANGERS chairman Craig Whyte has made the following statement:
The Club announces today it has served notice of Intention to the Court of Session to appoint administrators.
Since I took over the majority shareholding of the Club in May last year, it was clear to me the Club was facing massive financial challenges both in terms of its ongoing financial structure and performance and the potential consequences of the HMRC first tier tax tribunal.
I have taken the decision that the most practical way to safeguard the long term future of the Club is to go through a formal restructuring process. It may still be possible to avert this but that is not the most likely way forward.
What is of paramount importance is the long-term security, survival and prosperity of this great football club. That is the job I knew I was taking on when I became majority shareholder in the Club and it is in the best interests of Rangers that it is completed before the end of this season.
It has meant turbulent times. We have gone from a Club mired in excess of £20 million bank debt to a club which is trying to stand on its own feet, earning more than it spends.
From my early days as chairman I saw that administration was a very real option to enable the Club to address these challenges and make a fresh start. Frankly, the case for administration in pure financial terms was compelling but I was acutely aware that such a great institution as Rangers could not be viewed exclusively in financial and business terms.
The fact is that Rangers ongoing financial position and the HMRC first tier tribunal are inextricably linked. As I have said before, Rangers costs approximately £45 million per year to operate and commands around £35 million in revenue. From the outset I have made it clear that I do not think it is in the best interests of Rangers to throw good money after bad. Against a backdrop of falling revenues, costs have to be cut significantly. Painful as though that may be, it is the future of clubs such as ours.
There is no realistic or practical alternative to our approach because HMRC has made it plain to the Club that should we be successful in the forthcoming tax tribunal decision they will appeal the decision. This would leave the Club facing years of uncertainty and also having to pay immediately a range of liabilities to HMRC which will be due whatever the overall result of the tax tribunal. In blunt terms, if we waited until the outcome of the tax tribunal, the risk of Rangers being faced with an unacceptable financial burden and years of uncertainty is too great.
We should not forget the tribunal relates to a claim by HMRC for unpaid taxes over a period of several years dating back to 2001 which, if decided in favour of HMRC, the Club would be unable to pay.
If HMRC were to agree, even at this late stage, a manageable agreement with the Club, then a formal insolvency procedure could yet be averted. It goes without saying that would be our preferred outcome.
If not, further investment in the Club would be impossible as the threat of winding up by HMRC cannot be removed. The Rangers FC Group, the majority shareholder in the Club, is prepared to provide further funding for the Club on the basis the funding is ring-fenced from the legacy HMRC issue.
The club has engaged Duff and Phelps, a specialist restructuring practice, to assist in finding a solution to the present position. As a result of that advice, it has been decided to seek the protection of a moratorium from HMRC action whilst a Company Voluntary Arrangement (CVA) proposal is made to creditors.
This, if approved by creditors within a month, would minimise any points deduction and allow the club to participate in European football. In short, if the Club proceeds into administration then it will have to emerge from that process, with the agreement of creditors, within a month or so in order to be able to play in Europe next season.
An administration process will, regrettably, lead to a cost-cutting programme and the potential loss of jobs across the business. It gives no one any pleasure to consider that possibility, but it is one that is facing businesses in any walk of life.
There will, no doubt, be people - some of them who presided over the Club in past years - who will contend that the steps we are announcing today are unnecessary. All I would say to these people is that if they want to step up to the plate and invest money in Rangers to avoid a restructuring of the business, then I would be most willing to talk to them. In the past unfortunately, there were people who not only failed to prevent Rangers being engulfed by our current problems but chose not to invest their money to help put it right.
As I said recently, these are tough times but I can reassure Rangers supporters that the Club will continue and can emerge as a stronger and financially fitter organisation that will compete at the levels of competition our fans have come to expect.
As chairman of the Club, every action I take will be in the interests of Rangers and there are many people working at the Club who are dedicated to making Rangers a success.
I would like to thank supporters for their great commitment to Rangers. This great football club can recover from the situation in which it now finds itself and be the force in football that the fans deserve.
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So what happens in the cups, will they be kicked out of this seasons league cup, Scottish Cup and Europa league, oh wait they already were.
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Hearts due about 1 million, Dundee United 100k and Dunfermline 80k by Rangers FC.
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http://www.youtube.com/watch?v=KT8s-QUV-CA :wave: ;D
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Hearts due about 1 million, Dundee United 100k and Dunfermline 80k by Rangers FC.
Thought football debts were ring fenced and had to be paid for them to get uefa licence.
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Sky news reporting Gazza has turned up at Ibrox with a fishing rod and a frozen chicken.
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LAAAAAAAAAAAAAAAAAAAWL. Haven't laughed as much since granny caught her tit in the mangle.
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Whyte on SSN now.
Saying the HMRC action could leave RFC with bill of up to 75m. Administration only say to safeguard future of RFC.
Seems to suggest by going into admin they wont need to pay HMRC bill. I thought the only way HMRC didnt get its money was if the company was liquidated?
Says administration was always an option since before he took over.
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Same thing as saying they are fucked.
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I have my hard hat on. Isn't football all abour rivalries, and Rangers are one of our biggest, the fans are always up for the games, we love to see the dons beat Rangers. Won't anyone miss that, will be get as excited when they are replaced by Hamilton or Raith Rovers? Look at attendances for non Old firm games?
Yes they have brought it on themselves, but part of me think's this cannot be good for the game.
Yeah, i get you, said similar re OF going to play in England. But still, if Carlsberg did Mondays and all that jazz...
Starting in Div 3 is unlikely to happen should they be liquidated. The SPL is a seperate body and membership can be applied for and if voted in by the other members they'd be back in it immediately, or so I'm led to believe.
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Q. What's the difference between Whitney Houston and Rangers?
A. Two days.
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huns getting punted into div 3 would fuck the tv deal as well so i doubt it would happen. But hey ho, let's savour this moment :)
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Yeah, i get you, said similar re OF going to play in England. But still, if Carlsberg did Mondays and all that jazz...
Starting in Div 3 is unlikely to happen should they be liquidated. The SPL is a seperate body and membership can be applied for and if voted in by the other members they'd be back in it immediately, or so I'm led to believe.
That would be outrageous.
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Craig Whyte getting a warm reception outside Iprix tonight:
http://sport.stv.tv/football/scottish-premier/rangers/297443-craig-whyte-addresses-angry-rangers-fans/
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In case they do go out of business altogether, I thought I'd find some quotes from those whose lives they've touched:
Ian Archer;
"This has to be said about Rangers, as a Scottish Football club they are a permanent embarrassment and an occasional disgrace. This country would be a better place if Rangers did not exist."
Brian Clough;
Brian Clough: "What team did you say you support again?"
Man in the studio audience: "RANGERS!"
Brian Clough: "That's not a football team! That's a gang of villains."
Irvine welsh (may have known more than most considering this quote is from 1996 ;))
In every hick town in Caledonia across the pseudo nation, you can see the most fucked up scum who were shat into creation, where a blue McEwans's lager top equals an imagination.
"Think you're a success?
"Your's psyche's a mess.
"Your economy is in distress, you're HUN-believable!!!
Butch wilkins;
I'd just come from Italy and France which are catholic countries,very warm and friendly,and here I was in Glasgow with some of my team-mates [i.e. fellow Rangers players] hating catholics. I just couldn't understand it and frankly found it ridiculous.
El Mundo Deportivo Newspaper on Rangers after the Rangers game v Barcelona in the Nou Camp (Nov 07)
To the Rangers fans: "Stay and vomit in your own home, urinate in the corner of your own sitting room, fight with your own neighbours Celtic (who deserve a medal for putting up with you) and foul the streets of Glasgow. Don't come back to Barcelona, you're an embarrassment. And while we're at it, don't play in the Champions League. You're not up to scratch, either on a sporting or human level.
There are noisy supports who, even though they drink large quantities of beer, make friends. Not you lot, because you turn everywhere you go into dumps. You are undesirables.
Assistant Chief Constable Justine Curran, the match commander during Rangers' shame in the UEFA Cup Final
The people in that CCTV footage acted like a pack of wolves. Whatever happened earlier there was no excuse for this level of violence.
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I've got the CD single of that Irvine Welsh/Primal Scream song. Bit bizarre but amusing none the less.
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I've got the CD single of that Irvine Welsh/Primal Scream song. Bit bizarre but amusing none the less.
yeah, i got a promo of it back in the day. It's a bit gash.
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(http://www.iamcg.co.uk/images/doctorEvil.jpg)
CAPTIONZ PLZ.
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(http://f.images.memegenerator.net/instances/500x/14529557.jpg)
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http://www.youtube.com/watch?v=O3b8sRGwZPg
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(http://i.imgur.com/PbMYI.jpg)
(http://i.imgur.com/EWN5B.gif)
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(http://www.iamcg.co.uk/images/aluko.jpg)
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Kevin McCarra @ The Guardian....
The collapse of Rangers is a remarkable event that still came as no shock at all. Even those unaware of the accounts could draw their own conclusions when the former owner Sir David Murray sold up for a quid in the summer of 2011. The club had been purchased by another businessman, Craig Whyte. It was the sort of sum paid to acquire a crisis and the Rangers tax case was noteworthy enough to lead to the formation of a website (rangerstaxcase.com) that covers the issue.
Whyte's logic in going ahead with the deal is a puzzle to the average person. But he has most likely calculated that Rangers could emerge from administration and make a fresh start, even if that would be unlikely to happen in time for the club to be allowed into European competition next season, should they qualify.
Rangers have still dealt very poorly with reality. When Celtic were on the verge of collapse in the 1990s, they were taken over by Fergus McCann, a hard-nosed fan of the club who had made his money in the United States. He rebuilt the stadium, filled it and sold up at a splendid profit. No one could have accused him of vanity. That is a charge, though, that will be levelled against Murray and perhaps Whyte.
The term Old Firm was invented as a jibe, since it pointed to the fact that, despite the hostility of each set of supporters to the other, the whole exercise generated money for clubs who were, in effect, business partners. There is nothing of that tone to be heard at present.
Peter Lawwell, the Celtic chief executive, knows how great the rage of the crowd would be if he sounded solicitous towards Rangers. Indeed he stated that his club did not need the other half of the Old Firm, although it is hard to see how Celtic's turnover could be sustained with no rival of comparable size. Lawwell has every right to emphasise how well his club has been run compared to the delusional approach that was bound to lead Rangers towards crisis. Each member of the Old Firm dreams of a move to the affluent Premier League, but leading English clubs see no cause for a course of action that would enrage Uefa, with its structure of national associations. Indeed, not even Rangers and Celtic could generate the sort of sums that would tempt them into a rebellion.
It was never clear just what Rangers had in mind. There was, perhaps, a period when Murray himself could afford to bring in marvellous talents such as Paul Gascoigne and Brian Laudrup when his own fortune reassured the bank. That could not go on indefinitely and, north of the border, clubs reconciled themselves to balancing the books, as many had probably done for many years.
Trophies appeal and Rangers have won many, but each potential case of administration in football should remind us that protecting a club in good condition for future generations is the greatest ambition of all. Murray, given his own part over so many years, and Whyte, have put Rangers in jeopardy.
It will be no consolation to supporters at this moment, but the debacle may lead to a new regime in which owners, shareholders and fans work in harmony. Rangers has to be remade as a club that lives within its means and no longer has HMRC as the most intimidating of opponents.
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http://www.bbc.co.uk/news/uk-scotland-scotland-business-17021584
A stockbroking company which has Rangers owner Craig Whyte as board secretary has been banned from further trading by the financial regulator.
The Financial Services Authority has ruled that Pritchard Stockbrokers had used client money for its own expenses, "thereby putting client money at risk".
That means it "failed to comply with the proper standards and failed to act with integrity".
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Yay! it made my day!!
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I wonder if right now the pope is sitting in the Vatican singing "No Rangers of Glasgow"
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stolen from elsewhere
(http://img190.imageshack.us/img190/729/qyg2d.jpg)
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The Scottish game is fucked already. I can't see how the vileness of Rangers being missing could possibly be a bad thing.
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I lol'd when I heard and I'm still lolling about it now. ;D
Can't say I'm too fussed about them slipping down to Div 3. I think I'd prefer to see them in our division struggling with the rest of us.
A more even distribution of cups, revenue, tv money and european positions awaits the other SPL teams. How could that possibly be a bad thing?
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WATP. We Are Totally Penniless.
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Interesting article, bit long so won't post it all on here other than the last section:
http://scotslawthoughts.wordpress.com/2012/02/13/rangers-administration-cva-nae-chance/
Taking all the above into account, how likely is it that HMRC will approve a CVA for Rangers?
Put it this way, there is more chance of me winning the Olympic 100 metres than there is of HMRC going for this.
Some Rangers fans seem to be banking on the likelihood that a CVA might lead to HMRC getting more than in a liquidation. However, the “moral hazard” argument would prevent HMRC, even if it wanted to, from signing up to a “cosy deal” with Rangers. Otherwise any company in financial trouble would be able to bounce HMRC into accepting less tax than was due.
Therefore a CVA appears to be a forlorn hope for the Rangers board (consisting as it is of only Mr Whyte and Mr Ellis).
If the CVA fails, then Rangers would be headed at full speed towards liquidation, which I will address in a later post.
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Most interesting thing I've read is the possibility (nae sure if it's true) that SPL clubs in administration no longer get a vote on league matters, and any issue that would have required an 11 out of 12 Yes vote would then only require a 10 out of 11 yes vote - eliminating the Old Firms hold on the important league matters for a period of time.
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Credit where credit's due (scuse the pun) ;)
http://www.afc-chat.co.uk/
:lolabove:
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:lolabove:
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From the sun this morning
(http://img.thesun.co.uk/multimedia/archive/01453/scot-caro_1453280a.jpg)
;D
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FFS fuck sake! RFC football club must be running out of media organisations to withdraw their cooperation from! ;D
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Best text I ever had when I got the news.
Apparently on twitter trends or whatever it's called, simplythebust was all the rage.
Hope RFC ceases to exist and Craig Whyte gets all the blame. The only people who care enough to cast blame will be a particularly knuckle-dragging breed of disgusting hun, the most disgusting of all the sub-species. What goes round comes around.
:wave:
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With the suggestion that Administration happened now (rather than later) because Whyte would lose his preferred creditor status had HMRC won their Tax case. What's the likelihood that Whyte as a major creditor could force the Huns into liquidation, allowing someone to start-up "Glesga Huns Fitba Club" thus avoiding the HMRC case altogether?
Or is that a bit too Moon landings, to be likely?
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I don't see what would be in that for Whyte.
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With the suggestion that Administration happened now (rather than later) because Whyte would lose his preferred creditor status had HMRC won their Tax case. What's the likelihood that Whyte as a major creditor could force the Huns into liquidation, allowing someone to start-up "Glesga Huns Fitba Club" thus avoiding the HMRC case altogether?
Or is that a bit too Moon landings, to be likely?
I'm in Portugal just now and not close enough to this story and all the implications but how is Whyte a major creditor?
He bought the club for a quid?
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I'm in Portugal just now and not close enough to this story and all the implications but how is Whyte a major creditor?
He bought the club for a quid?
Then paid off the debt, so I guess that was just a loan or something?
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Why's Whyte getting all the blame, its surely all Murray's fault?
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Rangers pledges sectarianism as usual
14-02-12
MURDEROUS chant enabler Rangers last night pledged financial meltdown will not interfere with all the hating.
Going into administration could cost the Glasgow giants 10 points in the Scottish 'Premier' League, putting them within 25 points of everyone apart from Celtic, but the club urged fans to remain positive and continue thinking up new rhymes for 'Ratzinger'.
A spokesman said: "As long as there's a Rangers, there will always be one half of Glasgow wishing the other half dead. Everyone should carry on with their sectarian grudges and post-match domestic abuse as normal."
The club faces a potentially fatal £49m tax bill while season ticket sales have dropped since a ban on singing songs about being 'up to one's knees in Fenian blood'.
Now Rangers officials are to meet with UK Jihad 'tsar' Abu Qatada to discuss new ways of making religious hatred more revenue dynamic.
full article here:
http://www.thedailymash.co.uk/sport/sport-headlines/rangers-pledges-sectarianism-as-usual-201202144892/
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Why's Whyte getting all the blame, its surely all Murray's fault?
That's what I thought.. I guess the knuckle dragging hoards don't see the bigger picture. Whyte put the club into administration so it's all his fault.
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I'm in Portugal just now and not close enough to this story and all the implications but how is Whyte a major creditor?
He bought the club for a quid?
Not sure, just something I picked up from somewhere and can't find where now, I think the suggestion was; that was part of the deal in securing the club for a quid. Didn't really make any sense to me as I thought, according to UEFA, football debts had to be repaid first and I believe they owe money to at least Hearts, Sone Aluko and Dundee Utd. But...
What would be stopping Whyte being the one creating the new Hun club? With his mother or similar buying Ibrox for a fraction of it's value and starting again without the threat of the HMRC case?
I suppose it'll be said that he gambled on Europe and they failed but it seems incredibly short sighted not to have factored that into his business plan when he bought a club on the brink and haemorrhaging money 9 months ago, and lest we forget the guy is a chancer who seems to have always had an angle that worked in his past business dealings. Plenty of them about, for sure, but few who seem to have pulled it off so successfully over a sustained period of time.
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If Whyte liquidates Rangers im pretty sure there's implications for him being involved with future businesses. There must also be regulations against Ibrox being sold at a fraction of it's value.
The footballing debt paid first is an English FA rule and one HMRC are challenging there. - Although I think the SPL can step in and pay the clubs owed directly from money which would have went to Rangers for league position/tv etc.
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One thing I hope the SPL clubs remember is that Rangers haven't just cheated the tax man out of money. They have cheated all other SPL teams out of prize money.
Any time over the last decade+ a team has been knocked out of a cup by the huns, or missed out on a European spot, Rangers have cheated that club out of money.
Hopefully the SPL chairmen see that appearences in cup finals/semis and more regular European competition far outweighs 4000 minks in their stadium once or twice a season.
Fuck helping them in any way, especially if they come back as Rangers united (or more likely, Royal Rangers).
Edit:
Seems HMRC are suspicious of Whyte's motives.
HM Revenue and Customs has lodged an application to put Rangers into administration.
On Tuesday HMRC lodged the order with the Court of Session in Edinburgh calling for the court to appoint an administrator.
The Court of Session confirmed to STV that the application is scheduled to be heard before a judge from midday on Tuesday. HMRC is due to make a statement on the steps of the court afterwards.
The move comes after the Ibrox club had lodged its own notice of intent to appoint an administrator on Monday. The court will now have to decide whether the administrator should be appointed by Rangers or the tax authorities - with important implications for the future of the Glasgow-based club.
Rangers are currently awaiting the result of a crucial tax case with HMRC, which owner Craig Whyte has confirmed could leave the club owing up to £75m.
On Monday, Rangers lodged its own notice of intention to appoint an administrator. This meant that Rangers had ten working days before having to call in insolvency experts to take over the running of the club.
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One thing I hope the SPL clubs remember is that Rangers haven't just cheated the tax man out of money. They have cheated all other SPL teams out of prize money.
Any time over the last decade+ a team has been knocked out of a cup by the huns, or missed out on a European spot, Rangers have cheated that club out of money.
Hopefully the SPL chairmen see that appearences in cup finals/semis and more regular European competition far outweighs 4000 minks in their stadium once or twice a season.
Fuck helping them in any way, especially if they come back as Rangers united (or more likely, Royal Rangers).
Good point, surely Mizer will have a graph up soon showing exactly how much we've missed out on over the last decade....
If they come back they'll surely just come back as Rangers FC, as opposed to Glasgow Rangers FC?
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I fancy being debt free too. SO I'm going to change my name a bit. Means my Dad can get near the £2k I owe him. :doh:
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If Whyte liquidates Rangers im pretty sure there's implications for him being involved with future businesses.
I'm sure with only 9 months as a Director it will be hard for any of the following to be pinned solely on Whyte
1)Failure to submit annual accounts to Companies House on time
2)Failure to submit annual returns to Companies House on time
3)Excessive salaries or drawings when the company was plainly insolvent
4)Trading on when he or she knew the company was insolvent (trading whilst knowingly insolvent)
5)Continuing to take credit when there was "no reasonable prospect" of creditors being paid.
6)Misrepresentation of the facts about the company
7)Failure to respond or comply with a liquidator's requests
There must also be regulations against Ibrox being sold at a fraction of it's value.
That will depend on what interested parties are prepared to pay. The administrators will try to get as much as possible for it but buyers will be conscious of the implications of a large mortgage on a Stadium to any future football club.
The footballing debt paid first is an English FA rule and one HMRC are challenging there. - Although I think the SPL can step in and pay the clubs owed directly from money which would have went to Rangers for league position/tv etc.
Fair enough.
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HMRC have applied to the Court to have Rangers put into administration, they obviously want their own administrator in there. Looks like they've called Whyte's bluff on this one.
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As Bobby states above, HMRC move to take control of matters :thumbsup:
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17026172
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One thing I hope the SPL clubs remember is that Rangers haven't just cheated the tax man out of money. They have cheated all other SPL teams out of prize money.
See Dundee FC, Motherwell FC and Livingston FC.
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As Bobby states above, HMRC move to take control of matters :thumbsup:
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17026172
Excellent. The HMRC don't want to be shafted and rightly so. This is worse news for the huns ;D
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Rangers' demise might not be such a bad thing
The club's slide into administration could help rid Scottish football of ritualised bigotry and intergenerational hatred
Mike Small guardian.co.uk, Tuesday 14 February 2012 11.00
Rangers are a quintessentially British institution. This is the Queen's XI. Their fans sing Rule Britannia and God Save the Queen – but they are in deep trouble, and may well fold completely before it's time to launch the Jubilee barge. Football writer and Rangers fan Graham Spiers has called this the club's "bitter harvest", and railed against the club's inability to cope with its own sectarian songsheet, which has been the source of grief and resentment for years.
But this is a story about financial stupidity more than cultural insolvency. The emerging collapse of Rangers football club is an allegory for a different game that's not so beautiful anymore, where we can't run failed institutions just because it's what we've always done. Rangers may go bust owing the tax man almost £50m.
How did this happen? After the loyalty she has been shown over the years, how can Her Majesty allow her Revenue & Customs to behave in this manner? The reality dawning on the Scottish sports press and supporters of Rangers FC (two groups that are not always entirely distinct) is that the Scottish champions are perilously close to administration and, potentially, liquidation.
Rangers chairman Craig Whyte (himself currently under investigation by the government's intelligence and enforcement directorate for his acquisition of the Ibrox club) said there is no "realistic or practical" alternative to getting ready for administration. The problem relates to a claim by HMRC for unpaid taxes over a period of several years dating back to 2001, which could result in massive liabilities.
The collapse of such a footballing giant after decades of mismanagement tells us a story not just about football as a bloated dysfunctional cultural spectacle, but of feral businessmen, media collusion, and a society witnessing key institutions collapse and teeter while desperately denying that such a thing is happening.
As bitter reality dawns, other certain truths are clung to amid the wreckage. Two of these stand out. One is that Craig Whyte is a shrewd guardian with a secret plan. Rumours swirl that Graeme Souness waits in the wings like a moustachioed Sauron. A Blue Knight to replace Craig Whyte. The second is that Rangers will emerge from the ordeal stronger, and, er, leaner.
Establishment voices mutter confidently of the club's fanbase and that the ""club will never die". Such macho posturing is a default setting from the club's supporters (who numbered 17,822 at the recent home defeat to Dundee United), but the full extent of the club's debts are unknown. Closely tied to this belief that RFC will re-emerge is the notion (repeated like a mantra on all broadcast frequencies) that "the Scottish Premiere League without Rangers is unthinkable", and "Scottish football couldn't survive without the Old Firm". But this idea was quashed by Celtic's chief executive Peter Lawwell only this week, when he stated plainly that his club "don't need Rangers" to flourish financially. Lawwell said the eventuality of their Old Firm rivals going bust "would have no material effect on Celtic".
The idea that the two clubs are mutually dependent persists only because the idea of Rangers and Celtic is so deeply embedded not just in Scottish culture, but also in Scottish press circulation. The Old Firm flog papers. But, in reality, the idea that splitting the Old Firm would be a travesty for Scottish football is upheld only by people who have vested interests in our (already) hopelessly failing game. Scotland's Sky TV deal is already pitiful, and BBC Scotland's coverage is reduced to a poorly produced highlights package.
Michael Grant of the Herald wrote: "Celtic and Scottish football could live without Rangers but, boy, it would be as dull as dishwater." For the absent-minded and unobservant, Scottish football has been in dire terminal decline for some time now. The idea that it would be worse in a league that would immediately present more opportunities for success is patently absurd. It's the sort of logic that could only be expressed by members of a closed group.
Life After Rangers Football (Larf) would mean for every other club a chance that the thousands who migrate towards Ibrox from towns across Scotland every other Saturday might show an interest in their local team. They would have realistic hope of winning trophies. But the positive reality of a Scottish game without Rangers is not primarily about a sport rid of a substantial element of ritualised bigotry and sustained intergenerational hatred, but the prospect of top-quality football being played by young Scotsmen in an atmosphere of optimism. That's something worth aspiring to.
The mainstream press have been fatally blindsided on the impending crisis at Ibrox despite excellent blog coverage. But let's not blame the clubbable journos. The real culprits are the management and board of the club who piled profligacy upon spending spree, from Dick Advocaat's dubious £12m Tore Andre Flo to David Murray's gigantic vanity project. But who'd blame them? Our culture lauds these dodgy geezers. Murray, the club's previous owner, was quoted as saying: "For every £5 Celtic spends I'll spend £10." That doesn't seem so clever now.
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What says it all for the vermin is that outside Ibrox last night there were less people there in anger than when Maurice Johnston signed for them.
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Has anyone asked Sone is he's got a spare £75m kicking about?
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What says it all for the vermin is that outside Ibrox last night there were less people there in anger than when Maurice Johnston signed for them.
Not easy for Scotland's gloryhunters from Perth, Sterling, Aberdeen, Inverness, etc to make the trip there on a week night.
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Ullapool, Thurso and Wick too. :hammer:
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Has anyone asked Sone is he's got a spare £75m kicking about?
It would be really quite funny and contain more than hint of karmic retribution if he was one of the players let go by the administrators with only a small percentage of his contract paid up.
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It would be really quite funny and contain more than hint of karmic retribution if he was one of the players let go by the administrators with only a small percentage of his contract paid up.
I'd laugh! :thumbsup:
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It seems as if HMRC were about to place Rangers into administration yesterday and Whyte and co got wind of it and submitted a 5 day administration order to give the time to be in charge of administration. HMRC are in court arguing that they should be put into administration today on their terms. Judge to decide.
(http://i110.piczo.com/view/2/b/0/l/7/h/g/a/0/f/h/5/img/i193754720_389_7.jpg)
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Rangers have been given until 15:30 TODAY to appoint an administrator.
:lolabove: :lolabove: :lolabove: :lolabove:
Rangers believes it can meet a deadline to appoint an administrator by 15:30 on Tuesday, BBC Scotland understands.
The football club's legal team are involved in a legal battle with HM Revenue and Customs (HMRC) at the Court of Session to appoint an administrator.
Lord Menzies told Rangers he would rule on an HMRC application by 15:30 if the club had not made an appointment.
A source close to the club told the BBC they were confident an administrator would be in place by the deadline.
Edit: Rangers are now in administration.
HMRC revealed in court they were actually on their way to court yesterday to file this action to put Rangers in administration when they heard Rangers had filed themselves - for the sole purpose of being able to appoint their own administrators.
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Love it. ;D
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Rangers Football Club has entered administration - meaning the club will be docked an immediate 10 points in the Scottish Premier League.
It follows a unsuccessful legal bid by HM Revenue and Customs (HMRC) at the Court of Session in Edinburgh to appoint its own administrator.
London-based firm Duff and Phelps was officially appointed at 14:50.
It will now take over the day-to-day running of Rangers while addressing the club's massive debt problems.
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Who do they play this weekend?
God I wish it was us.
It's now imperative we make the top 6, just so we can laugh in their faces. ;D
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BASTARDS..... knew they would do it themselves >:(
Whilst not illegal by any means, it could be said to be immoral, which frankly sums up their 140 year existance of lieing, cheating and bigotry
Guess this has been always part of Craig Shites game plan
Simple solution for HMRC would have been top withhold the benefits payment of every Hun. surely one weeks worth would have more than cleared the indebtedness ;)
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Who do they play this weekend?
God I wish it was us.
It's now imperative we make the top 6, just so we can laugh in their faces. ;D
We'd need to make sure we get the cash off them for the tickets up front ;)
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I think these cunts are gonna get away with this.
Look at the timing, just after the January window so they don't have to sell players. Long enough before the end of the season to avoid being docked points next year and to be out of administation in time to get a UEFA license for next season to play in Europe. Whyte will buy back the assets with another of his companies... With them appointing their own administrator then all I can see is the creditors getting fucked over instead of the Huns. I'm fucking gutted they made the 3:30 deadline, if it was a court appointed administrator then I'm sure they'd be fucked.
Someone please tell me I'm wrong, someone please tell me they will be fucked anyway and they are gonna rot in hell, pretty pretty please... This should be a joyous day for all
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Doubt they will be in Europe next season. Sure the deadline is end of March to obtain the licence. An administration on this scale is unlikely to be fully resolved in around seven weeks
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Suggestions that the police have requested urgent meeting with RFC & SPL over policing costs which are already due, and costs which will be incurred over the upcoming matches.
No money = no police = no matches = kicked out.
dickofthedons, as administrators they still need to act in the best interest of the creditors and be open and transparent. While there must be a reason RFC rushed to get their guys in it's not going to be all rosy.
Also I'm hearing they only have around 6 weeks to come out of administration or they will miss the deadline to apply for a UEFA license for the 12/13 season. With HMRC involved and obviously not playing alone I can't see this being resolved in 6 weeks.
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I think these cunts are gonna get away with this.
Look at the timing, just after the January window so they don't have to sell players. Long enough before the end of the season to avoid being docked points next year and to be out of administation in time to get a UEFA license for next season to play in Europe. Whyte will buy back the assets with another of his companies... With them appointing their own administrator then all I can see is the creditors getting fucked over instead of the Huns. I'm fucking gutted they made the 3:30 deadline, if it was a court appointed administrator then I'm sure they'd be fucked.
Someone please tell me I'm wrong, someone please tell me they will be fucked anyway and they are gonna rot in hell, pretty pretty please... This should be a joyous day for all
They've still got the tax bill to pay though. There's not a chance HMRC will accept 10p in the £. Can you imagine the knock on effect for the Revenue if they did so? It would be disasterous.
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I see, well that's sounding better already... Unfortunately even missing the UEFA license deadline will probably just mean lost revenue for one home game.
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Also, did Daniel Cousin's international clearance come through in time? RFC were obviously hoping to have 10 days before administration but as of 14:50 today they can't sign players.
HMRC also wont take kindly to them offering a player a contract on (guessing) 5k per week while at the same time going to the courts to try and shaft their creditors.
Strathclyde Police: We are seeking an urgent meeting with the administrators to ensure that any payment for policing costs at future Rangers games is guaranteed. "Until we have such a guarantee we would not be in a position to commit public resources to policing an event unless we had a reassurance that our costs would be met."
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This is fucking hilarious :thumbsup:
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BBC
Mr Whyte is believed to be a secured creditor of Rangers and could collapse the club if HMRC block a creditors agreement.
The chairman could opt to pursue the legal routes of receivership or pre-pack administration to avoid paying any tax liabilities.
These routes would involve Rangers' assets being transferred to a new company or companies and the old club - formed in 1873 - being left behind with the unpayable debts. It would, almost inevitably, be wound up.
In these cases, HMRC, as an unsecured creditor, would receive very little if anything.
:-\
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They've still got the tax bill to pay though. There's not a chance HMRC will accept 10p in the £. Can you imagine the knock on effect for the Revenue if they did so? It would be disasterous.
Not so sure on that Bobby, have seen it before, albeit not on such a high profile and value case.
HMRC become a creditor like any other now that they have entered voluntary administration. Thats why I posted my comments earlier. It is now up to self appointed administrator to review the business and decide upon what can be realised and work out a payment in the pound for distribution.
It really was crucial for HMRC to get in ahead of Rankgers in terms of an appointment
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BBC
:-\
Mr Whyte is believed to be a secured creditor of Rangers and could collapse the club if HMRC block a creditors agreement.
The chairman could opt to pursue the legal routes of receivership or pre-pack administration to avoid paying any tax liabilities.
These routes would involve Rangers' assets being transferred to a new company or companies and the old club - formed in 1873 - being left behind with the unpayable debts. It would, almost inevitably, be wound up.
In these cases, HMRC, as an unsecured creditor, would receive very little if anything.
So basically what I said earlier today?
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One way or another they're royally fucked. Pun intended.
HMRC just won't walk away from £50m they're owed, especially in these times of financial crisis whilst the same guy has companies and assets in his pocket.
Even if he gets out of paying it by some miracle or loophole, he'll be lucky if he can spend a penny without them breathing down his neck.
They'll get what's coming. One way or another. ;D
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Not so sure on that Bobby, have seen it before, albeit not on such a high profile and value case.
HMRC become a creditor like any other now that they have entered voluntary administration. Thats why I posted my comments earlier. It is now up to self appointed administrator to review the business and decide upon what can be realised and work out a payment in the pound for distribution.
It really was crucial for HMRC to get in ahead of Rankgers in terms of an appointment
That's true, and obviously it will come down to whether 75% of creditors (I believe this is 75% of the value of creditors) agree to the settlement. HMRC must make up 75% alone, no? They are going to have similar cases down south supposedly, would they really be happy to take a small settlement? I really can't see it mate, they're not just any other business that has to recover any part of a bad debt possible.
Obviously this is best possible scenario. Penfold's post earlier points to a grimmer outcome for the rest of us however and i have no doubt that's exactly what they'll attempt to do.
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That's true, and obviously it will come down to whether 75% of creditors (I believe this is 75% of the value of creditors) agree to the settlement. HMRC must make up 75% alone, no? They are going to have similar cases down south supposedly, would they really be happy to take a small settlement? I really can't see it mate, they're not just any other business that has to recover any part of a bad debt possible.
Obviously this is best possible scenario. Penfold's post earlier points to a grimmer outcome for the rest of us however and i have no doubt that's exactly what they'll attempt to do.
HMRC will have to weigh up the value of the assets and what percentage of that they are entitled too, if the club is liquidated, against the the value offered by a set amount in the pound with a given timescale that a going concern can pay at.
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Smells a lot like Airdrie to me.
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Smells a lot like Airdrie to me.
Airdrie does smell pretty bad.
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Is Whyte's plan not predicated on a Rangers 2012 being automatically accepted back into the SPL because "scottish football will be dead without rangers"?
Or will the HMRC allow then to do a Motherwell/Dundee and pay 2p in the pound?
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I assume if its blue filth that have appointed the administrator then they will still be in control of the process so can still shaft HRMC. As others have said I have a bad feeling that they are going to end up emerging from this debt free and in a stonger overall position.
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I see old Dougie Bader has resorted to the "a big boy did it and ran away" total denial excuse already, classic stuff. Absolutely pishing myself at all this, absolutely brilliant watching these fucking bastards dying on their arses. I fucking love this.
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:wave: :hammer:
that is all....
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Central Ayrshire MP Brian Donohoe, secretary of the Rangers Supporters Club, told the BBC: "It's absolutely devastating information that's come out today that the Inland Revenue would take such a silly decision.
"I just think they have moved far too quickly in this one and as a consequence they're almost debarring any possibility of anyone else taking over the club.
"The worst case scenario is that they could be put into liquidation and as a consequence we'll lose the name and we'll lose their place in the premier division in Scotland."
If the club is liquidated a new club could be formed to take on the Rangers name, and would have to reapply to take its place in the Scottish league structure.
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Brian Donohoe, what a complete fanny. Acted too quick indeed, this has been contested for fucking years.
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Well, well, well.............
I spend one night in hospital when all this could have saved me the cost and antibiotics!
One point I seem to be missing, if the filthe get the dunt from the SPL surely there's no guarantee the automaticall get an SFL place. Shouldn't they have to start in the west of Scotland league or summat?
FFS it's worse than I thouht if this cheating cunt is embarrassed
Rangers legend Derek Johnstone admits he is embarassed to be assosciated with the Glasgow club after the process of entering administration started on Monday. (The Herald)
Hope big Doug is reading this :thumbsup:
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The administrators have said that Rangers have £9M in unpaid tax since last May, when Whyte took over.
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HMRC announce that todays administration action is in response to Rangers FC's failure to pay £9m in tax since Craig Whyte took over.
So he's still lying to the huns. Re-read yesterdays statement.
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Deed yet?
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My rasellik supporting pal (it's not his fault he was dropped at birth) claims it's a loyallist/royallist plot to undermine rasellik in Europe in 2012/13 by "weakening the local competition" :hammer:
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My rasellik supporting pal (it's not his fault he was dropped at birth) claims it's a loyallist/royallist plot to undermine rasellik in Europe in 2012/13 by "weakening the local competition" :hammer:
No offence to your mate MBT, but some of the Dims really are thick enough to believe it is some kind of conspiracy against them ::)
As for Brian Donohoe....well just don't get me started on him
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Oh, no offense, he really is thick, couldna even get a job at Dounreay!
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Is there any-chance we can get the title of this thread changed back to "dirty filthy hun scumbag vermin news"? It really had a ring to it.
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It's no surprise to me that he's not been paying HMRC when it looks likely that his plan all along was to take the club into administration to avoid paying the £50 odd million liability.
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http://www.bbc.co.uk/sport/0/football/17034043
Former Rangers director Paul Murray is willing to discuss a possible takeover of the ailing club.
Murray would consider approaching the administrators now running matters at Ibrox but would not work with current owner Craig Whyte.
"Would I come forward and help the club? Yes," Murray told BBC Scotland. "But I can't do that on my own, I would need to work with others.
"Would I be prepared to do that alongside Craig Whyte? No."
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Is there any-chance we can get the title of this thread changed back to "dirty filthy hun scumbag vermin news"? It really had a ring to it.
-1.
Should be "Dirthy Filthy Hun Scumbag Vermin in Administration"
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-1.
Should be "Dirthy Filthy Hun Scumbag Vermin in Administration"
I stand corrected :thumbsup:
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Not "Let's All Laugh At Dirty Filthy Hun Scumbag Vermin in Administration"?
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Anyone keen on a vote
http://www.telegraph.co.uk/sport/football/teams/rangers/9081973/Rangers-go-in-to-administration-after-confirmation-of-appointment-at-Court-of-Session.html
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I know this is really a very small point in the midst of us all laughing our heads off but how come it has taken HMRC 10/11 years to realise that they are owed £50million - they have changed my tax code 4 times this year and everytime I have paid more tax!!
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Shamefully nicked from Mad. The great 'Scottish football needs Rangers' lie.
The perpetual myth about Scottish football needing Rangers is blown wide open by this simple set of statistics:-
11 February 2012
Dunfermline 1-4 Rangers
Attendance: 7,464
13 November 2010
Dunfermline 2-2 Raith Rovers
Attendance: 7,158
23 April 2011
Dunfermline 2-1 Raith Rovers
Attendance: 11,052
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We do need them for the TV deal and no tv money will seriously fuck the rest of us. Sky are on record saying if no old firm games then they would not invest in Scotland.
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We do need them for the TV deal and no tv money will seriously fuck the rest of us. Sky are on record saying if no old firm games then they would not invest in Scotland.
Anybody know how much we would lose with no TV Deal? We only get the 4 games each a season on the TV (obviously the infirm get every other game)!
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Anybody know how much we would lose with no TV Deal? We only get the 4 games each a season on the TV (obviously the infirm get every other game)!
Numbers were posted elsewhere a few wks ago, will try and look for them when I have a sec but money is split by league position not number of times on tv.
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Shamefully nicked from Mad. The great 'Scottish football needs Rangers' lie.
The perpetual myth about Scottish football needing Rangers is blown wide open by this simple set of statistics:-
11 February 2012
Dunfermline 1-4 Rangers
Attendance: 7,464
13 November 2010
Dunfermline 2-2 Raith Rovers
Attendance: 7,158
23 April 2011
Dunfermline 2-1 Raith Rovers
Attendance: 11,052
Really? I don't think it is somehow.
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Numbers were posted elsewhere a few wks ago, will try and look for them when I have a sec but money is split by league position not number of times on tv.
Money is split by Position PLUS the teams get a payment every time they are on the TV (an infirm scam as they are on every week).
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Money is split by Position PLUS the teams get a payment every time they are on the TV (an infirm scam as they are on every week).
I think it's only the home team who get the payment per game (around 70k I seem to have in my head?) to compensate for the loss in revenue with folk staying at home to watch it or reduced corporate sales for a lunchtime/sunday game.
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I think it's only the home team who get the payment per game (around 70k I seem to have in my head?) to compensate for the loss in revenue with folk staying at home to watch it or reduced corporate sales for a lunchtime/sunday game.
Really? I thought there was an even split eveyone got and then by position. Cup games etc are different with just those in the Live games getting extra cash.
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Anybody know how much we would lose with no TV Deal? We only get the 4 games each a season on the TV (obviously the infirm get every other game)!
It's not just about the money direct from the deal; no TV deal, sponsorship and advertising money drop as a direct result.
While I don't think Scottish Football would die without them, there is no way the situation is as rosey as some predict. There would be less money going through the game; we all know the standard of player here is as low as it has ever been... that won't improve with less money. Foreign players would be less likely to come here, the good players we produce would be less likely to stick around for as long as they are just now and even then, that's not long.
People keep citing the 80s, and how ding the huns were then. It's not a comparable situation because the game is now a "global game" more than ever and the amount of money in it has changed it almost beyond comprehension from the 80s.
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Whyte has flown off to the South of France apparently.
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Yeah, the league would crumble if we didn't have an organisation at the top of it who spent millions of pounds that they didn't have, whilst not paying any tax.
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http://www.dailyrecord.co.uk/2012/02/15/rangers-in-crisis-jailed-embezzler-blows-lid-on-the-deals-he-used-to-help-craig-whyte-beat-the-taxman-86908-23749209/ (http://www.dailyrecord.co.uk/2012/02/15/rangers-in-crisis-jailed-embezzler-blows-lid-on-the-deals-he-used-to-help-craig-whyte-beat-the-taxman-86908-23749209/)
A JAILED embezzler has told how he helped beleaguered tycoon Craig Whyte sail from one bust company to another, leaving furious creditors out of pocket.
Kevin Sykes, who served an eight-year jail term for a £3million pension fund fraud, set up companies for Whyte to offload liabilities into.
The companies were used to take on liabilities to the taxman and other creditors before going bust, in deals he refers to as “the old switcheroo”.
Sykes, 51, said he never believed Whyte would pay HMRC a penny of the club’s debt should they lose a £49million tax case with Rangers, which could rise to £75million with penalties.
He said: “Let me tell you this, my money is on that not being paid.
“Hypothetically, there would probably be an old switcheroo and an insolvency.
“I guarantee that there are already some insolvency practitioners lined up, and a big firm of lawyers too.
“Somebody might say the intention was always to leave the revenue behind and that was the attraction.
“You could dump £49million of debt, hive the business up and have a new clean start and everybody is happy.
“You could have the assets out under value and there might be development opportunities around the site.
“I think that there will be a hive up to new owners and I think Whyte will do very well from the deal.
“I think it would be very strange for him to get involved if he didn’t think there was a deal to be had.
“The previous owner was probably a guy of good reputation who couldn’t afford to get his hands dirty. But what did Whyte have to lose?
“He has to act within the law and he will say he is acting in the best interests of Rangers.
“Nobody is going to mention the cost to the public purse and that the fans have really paid for it.
“I would have thought there is already somebody waiting in the wings to buy. That’s what would be my opinion, given that level of debt.”
Sykes said there would be no need for Rangers to change the club’s name. He said: “Whatever happens, they will apply under the Insolvency Act to continue using the same name, Rangers Football Club, without changing it.
“Because of the history of the club, they would get leave from the court to continue to use the name.
“There could be an arrangement whereby a lot of people don’t get paid, including the public purse, and the same people could be left running it.”
Sykes believes the next buyer of Rangers would be someone with an impeccable reputation.
He said: “They could possibly buy the club from Whyte free of debt and the old company could be buried
legitimately and their hands could be clean.
“The reality is often that the deal has been done before any formal insolvency dealings have taken place.
“Insolvency practitioners would never admit it on the record but the reality is that they pre-pack companies into administration and out again the same day every day of the week and the taxman gets left behind for millions or even billions of pounds – and that’s legalised cheating of the revenue.”
Sykes met Whyte in the early 1990s, when the pair were young wheeler dealers making their first millions.
They were introduced by Aidan Earley, the former bankrupt behind a “soccer academy” link-up between Rangers and tiny amateur football club Banstead Athletic, in Surrey, as revealed by the Record last week.
Earley’s late brother, Brendan, was Whyte’s right-hand man when the Rangers owner was given a seven-year ban from being a director in 2000.
Sykes said: “When I first met Craig, he was in Glasgow. We proposed the structure to him and he liked the idea of it and we set it up. We set it up through Brendan, the accountant.
“The liabilities would then be taken off balance sheets in special purpose companies in order that they wouldn’t bring his main trading operation down if there was any problem.
“So he was able to be selective in who he paid – and when.
“I’m told a lot of money went to different places and didn’t necessarily end up where it should have done.”
Sykes was secretary in companies - where Whyte was a director - which were dissolved in the late 1990s.
At least 24 companies were wound up while Whyte was a director.
Vital UK was the disastrous venture that led to Whyte’s seven-year ban from being a director.
They collapsed, owing creditors around £400,000, £33,000 in VAT and £280,000 in income tax.
When Vital UK were going bust, all of their assets were sold to a company called Pelcroft. They were immediately sold to another company, which then sold them to another firm.
Subsequent litigation by the liquidators of Vital UK managed to retrieve a large slice of the cash back from Pelcroft for creditors.
Whyte’s ban was handed down by registrar John Simmonds following a trial at the Royal Courts of Justice Companies Court in London in June 2000.
Registrar Simmonds ruled that “the assets of the company (Vital UK) were put out of reach of creditors”.
Despite evidence to the contrary, Whyte’s lawyers claimed he had never been a close business associate of Sykes, which he finds astonishing.
He said: “Considering I used to go out with him and his wife and my wife quite a lot then I would say that’s more than a fleeting acquaintance.
“But wouldn’t you want to play any association with me down?”
In 2008, Sykes and Simon Maya were ordered to pay back £1.5million from a £2.9million theft from a Birmingham company’s pension fund.
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Really? I don't think it is somehow.
Clearly it means the SPL needs Raith Rovers.
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Really? I thought there was an even split eveyone got and then by position. Cup games etc are different with just those in the Live games getting extra cash.
Think your right. Pretty sure everyone gets the same basic amount from the TV deal and then the additional amounts for league position with top two places getting vast majority of the prize money. As you say Cup games are different.
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The game would evolve, whether that would be a positive evolution for the first few years would be debatable. As much as I'm enjoying seeing the huns froth and squirm, there is no way that the league would suddenly be more open. Results against the OF generally don't impact our season anyway. Those attendance figures are from one off games against their nearest rivals. We don't come anywhere near close to the stats against the non-OF clubs at the moment.
Dont' get me wrong, I love this and it will certainly be interesting to see where this goes but it won't be as rosey as others make it.
Still, GIRFUY Huns! :rofl: :rofl: :rofl:
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-14880473 (http://www.bbc.co.uk/news/uk-scotland-glasgow-west-14880473)
Sir David Murray and the fall of Rangers Football Club
By Brian Ponsonby BBC Scotland news website reporter
By the early 1990s, Rangers was the undisputed Titan of Scottish football.
On the field, the club was on its way to nine consecutive league titles and numerous cup wins.
Off the field, its modern stadium, low debt and unmatched financial power looked to have cemented an unbreakable stranglehold on the Scottish game.
How then did it fall into financial ruin in less than 20 years? Some answers can be found by looking at the reign of former owner Sir David Murray.
Although Craig Whyte was at the helm when Rangers went under, many of the club's financial problems can be traced back to the latter half of Murray's near 23-year tenure.
Rangers momentum
The entrepreneur bought the Ibrox club in November 1988 for £6m from Lawrence Marlborough.
Aged 37, he was one of the richest men in Scotland through his thriving metals business.
Although Celtic had just won the league, Rangers was the club with momentum.
Its all-seater stadium, which had been built in the 1970s after the Ibrox disaster claimed the lives of 66 people, was the most modern in Scotland.
The club's finances were sound and, on the field, it had emerged from a dreadful decade of under-investment and failure to win the league in 1987/88.
During the early years, the club's main rival, Celtic, was in a shambolic state and came within minutes of administration in 1994 before Scots-Canadian entrepreneur Fergus McCann bought it over.
As McCann began the long task of building an all-seater stadium and a team to challenge for honours, Rangers forged ahead under Murray's leadership.
He sanctioned transfer spending and wage payments previously unheard of in Scottish football.
This saw Rangers reverse the flow of talent drain from Scotland and sign players of the calibre of Brian Laudrup and Paul Gasgcoine.
Murray also appeared to have the Midas touch in keeping the cash rolling in.
He was successful in levering in multi-million pound investments to Rangers from ENIC and South African-based Scots businessman Dave King.
Under Murray's stewardship, Rangers won a total of 15 league titles and 26 cups - the bulk of these coming during the 1990s.
This dominance, especially in the first half of his tenure, meant Murray was effectively immune to criticism.
He held sway over a largely unquestioning support, and a Scottish media which reported his pronouncements with the minimum of scrutiny.
'Dangerous cocktail'
Who could forget such statements as: "For every five pounds Celtic spend, we will spend ten."
This cocktail of ego, success and unquestioning support, saw Murray sanction moves that would eventually push Rangers to the edge of the financial precipice.
When Celtic ended Rangers' domestic run of nine consecutive league titles in 1998, Murray responded in typical fashion.
Dutchman Dick Advocaat was brought in to replace Walter Smith and a new team was assembled at enormous cost.
During this time a new training complex was built as Murray attempted to position Rangers for a serious tilt at European glory.
Two league titles and three cups followed but the immediate cost was a ballooning debt figure.
In 1999, this prompted the Bank of Scotland to secure a charge over Rangers' income and assets.
This "floating charge" would become hugely significant in the story of Rangers' takeover by Craig Whyte and eventual insolvency.
When Martin O'Neill's Celtic ended Advocaat's success in 2001, Rangers' debts were approaching £50m.
It was around this time that Murray sanctioned the use of Employee Benefit Trusts (EBT) to minimise the club's tax liabilities for employees.
Essentially these meant that payments using EBTs did not incur tax and National Insurance contributions.
Tax strategy
The problem was, this tax strategy was intended to be used for non-contractual payments to employees.
The tax authorities would eventually argue that Rangers used the scheme to make contractual payments to players.
It would be 10 more years before this ticking time bomb went off, bringing with it the full force of a decade's worth of alleged underpayments and penalties.
In the meantime, Rangers carried on through alternating periods of on-field failure and success.
With debt now approaching £80m in 2002, Murray stood down as chairman and handed over running of the club to John McClelland.
He returned to the hot seat two years later to spearhead a £57m share issue, designed to wipe out a debt burden which had seen Rangers downsize their previous on-field ambitions.
About £51m was raised from the share issue, but £50m of this was underwritten by Murray and effectively transferred off Rangers' books into his company, Murray International Holdings (MIH).
Perhaps realising the extent that Rangers had become a personal and financial drain, Murray announced in July 2006 that he was ready to sell the club. It would be some time, however, before he would find an exit.
Later that year, Murray announced that Rangers had agreed a 10-year licence agreement with sports retailer JJB Sports.
The club received an initial payment of £18m, with a guaranteed minimum annual royalty of £3m.
This allowed Murray to further reduce Rangers' debt, which was said, by late 2006, to be just under £6m.
This deal coincided with a turbulent on-field period for Rangers which saw Alex McLeish replaced as manager in summer 2006 by the Frenchman, Paul Le Guen.
It was not a successful transition, however, and Le Guen exited in January 2007 to be replaced by Walter Smith.
His second spell as Rangers manager saw the club rebound strongly on the field, but the initial expenditure to assemble a competitive squad saw the club's debt spiral back up to around £30m.
Eventual moves to control costs at Rangers prompted Smith to state in October 2009: "As far as I'm concerned the bank is running Rangers."
To make matters worse, the credit crunch in 2008, and ensuing economic downturn, hit Murray's other business interests hard.
Tax demands
By 2010, MIH had suffered a £175m loss, prompting Lloyds Banking Group (which took over the ailing Halifax Bank of Scotland) to double its ownership stake in the company.
The effect was to cut off another escape route for Rangers through financial help from MIH.
If things appeared bleak, they were about to get worse.
In April 2010 it finally emerged that Rangers was facing tax demands from Her Majesty's Revenue and Customs (HMRC) over their use of EBTs.
For more than a year, Rangers sought to dampen concern about the story, saying it had been given expert advice about the legality of its tax strategy.
The club pointed out it was contesting the bill in a First Tier Tribunal (FTT) and was "confident" of winning the case.
As this issue cast a shadow over Rangers, a bid to buy the club led by London-based property developer Andrew Ellis failed in June 2010.
He was to become a member of the Craig Whyte-led consortium, which bought Murray's 85% share holding for £1 in May this year.
It later emerged that Whyte paid the £18m debt to Lloyds through his company, Wavetower, which was later renamed The Rangers FC Group Ltd.
This meant he enjoyed the legal protection of the "floating charge" and as Rangers' largest secured creditor would be paid first in the event of any insolvency.
Following the takeover, Whyte promised a new era for Rangers through an immediate injection of working capital and a "front-loaded" £25m commitment to bolster the club's on-field fortunes.
Despite some limited dealings in the transfer market, Rangers crashed out of two European competitions by the end of August, effectively losing out on up to £15m of vital revenue.
Financial woes
Earlier in August, it also emerged that sheriff officers had visited Ibrox over an unpaid tax bill.
The following month, the veil was finally lifted in court on the extent of the club's financial woes.
HMRC had £2.8m of assets ring-fenced in Rangers accounts over an unpaid bill.
The club's former lawyers Levy & McRae took an outstanding £35,000 bill to the Court of Session where its own counsel expressed concerns over Rangers' solvency.
Further embarrassment ensued when a damages action by former chief executive Martin Bain reached court.
A judge granted a warrant to ring-fence £480,000 of Rangers' assets pending the settlement of his case.
Lord Hodge granted this on the basis that there was a "real and substantial risk of insolvency" if Rangers lost its FTT against HMRC for disputed tax and penalties totalling about £49m.
Although Rangers had established a healthy lead at the top of the SPL, bad news off the field kept coming in October.
Club legend John Greig and former chairman John McClelland resigned from their posts as non-executive directors.
Days later, former director Donald McIntyre won a legal bid to have £300,000 of the club's assets frozen pending a breach of contract case. He later settled out of court.
More damaging headlines followed as the club began to surrender its lead at the top of the league.
Surprise move
By the time matters came to a head in February 2012, Rangers trailed Celtic by four points having sold their top scorer Nikica Jelavic in the January transfer window.
In a surprise move on 13 January, Whyte confirmed that the club had lodged legal papers to appoint an administrator.
HMRC responded, on Valentine's Day, by launching a legal bid to appoint its own administrator.
Whyte's legal team won the race and London-based firm Duff and Phelps were appointed to take over the day-to-day running of the club, which suffered an immediate 10-point penalty.
Rangers now lie 14 points behind Celtic in the league - effectively ending their title challenge.
Larger threats, however, may lie in wait over the horizon for the Ibrox club.
If the administrator cannot reach agreement with creditors then the liquidation of Rangers becomes a real and distinct possibility.
Since HMRC would appear to be the largest creditor, it would be in a position to block any deal.
The days ahead are now about the very survival of Rangers.
For the club's fans, these events are cataclysmic.
The season is effectively over and the club they love and cherish could be on the verge of folding.
As the club's army of fans tries to make sense of this, many will ask questions about the club's tax strategy and financial dealings over the last decade.
Uncomfortably for one Knight of the Realm, some of those questions will focus on the role of Sir David Murray in the financial collapse of Rangers Football Club.
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Shite, the sky deal's worth fuck all these days anyway unless yer an old firm fan
Aye if Sky want to pull out the non old firm part of the SPL surely wouldn't be that worse off if SPLTV was started with a fair distribution of revenue. I'm sure we'd also get a bit of cash for a terrestrial highlights show that can be shown at a decent time on a Saturday evening or repeated on a Sunday morning.
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Aye if Sky want to pull out the non old firm part of the SPL surely wouldn't be that worse off if SPLTV was started with a fair distribution of revenue. I'm sure we'd also get a bit of cash for a terrestrial highlights show that can be shown at a decent time on a Saturday evening or repeated on a Sunday morning.
Again though, narrowing your audience just isn't going to be a wise move in the wider scheme of things.
If the huns aren't going to be in the SPL then fine, but people will have to put up with Celtic winning the league at a canter pretty much every year for the forseeable future. I know that it doesn't make much difference to us whether it's them or the huns that win it just now, but the SPL is already a joke league, it would make it even worse. Maybe that's what it would take to eventually get a decent standard and a competitive league in the long run, I'm not sure.
However, people also need to start accept that a competitive league won't necessarily mean better things for Scottish football. If the standard is as it is now, or worse, you will still struggle to get people through the gates for large parts of the season, maybe not the last 6 weeks or whatever, but people will not pay the guts of £30 at the gate for guys with no more skill than a decent Sunday league player.
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Think your right. Pretty sure everyone gets the same basic amount from the TV deal and then the additional amounts for league position with top two places getting vast majority of the prize money. As you say Cup games are different.
Figures that were posted previously for how SPL Income is distributed. Not sure, but presume this includes TV money:
1 - 4% + 13% = 17%
2 - 4% + 11% = 15%
3 - 4% + 5.5% = 9.5%
4 - 4% + 4.5% = 8.5%
5 - 4% + 4.0% = 8.0%
6 - 4% + 3.5% = 7.5%
7 - 4% + 3.0% = 7.0%
8 - 4% + 2.5% = 6.5%
9 - 4% + 2.0% = 6.0%
10 - 4% + 1.5% = 5.5%
11 - 4% + 1.0% = 5.0%
12 - 4% + 0.5% = 4.5%
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Figures that were posted previously for how SPL Income is distributed. Not sure, but presume this includes TV money:
1 - 4% + 13% = 17%
2 - 4% + 11% = 15%
3 - 4% + 5.5% = 9.5%
4 - 4% + 4.5% = 8.5%
5 - 4% + 4.0% = 8.0%
6 - 4% + 3.5% = 7.5%
7 - 4% + 3.0% = 7.0%
8 - 4% + 2.5% = 6.5%
9 - 4% + 2.0% = 6.0%
10 - 4% + 1.5% = 5.5%
11 - 4% + 1.0% = 5.0%
12 - 4% + 0.5% = 4.5%
Horribly set out purely for the gain of the Old Firm. As highlighted by the only very slight gap between first and second. Cunts. I take it all the other clubs bent over and voted for this?
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More positively.. this is how Huns and their desks are being treated at my work today:
:thumbsup:
(http://img833.imageshack.us/img833/3760/img1097zx.jpg)
Incase it's unclear the "are" has been replaced with "were". ;D
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(http://i209.photobucket.com/albums/bb86/globered/Clipboard01-36.jpg)
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More positively.. this is how Huns and their desks are being treated at my work today:
:thumbsup:
(http://img833.imageshack.us/img833/3760/img1097zx.jpg)
Incase it's unclear the "are" has been replaced with "were". ;D
Should it not be "we OWE the people"???
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:lolabove:
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They are vaguely human so how could they have ever been people?
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Again though, narrowing your audience just isn't going to be a wise move in the wider scheme of things.
Is having the ability to show more games that do not feature one or other of the the OF really narrowing you audience?
Likewise is a highlights program on terrestrial TV at a decent time and thus available to the younger generation narrowing your audience?
If the huns aren't going to be in the SPL then fine, but people will have to put up with Celtic winning the league at a canter pretty much every year for the forseeable future. I know that it doesn't make much difference to us whether it's them or the huns that win it just now, but the SPL is already a joke league, it would make it even worse. Maybe that's what it would take to eventually get a decent standard and a competitive league in the long run, I'm not sure.
Surely the Tims by themselves would one not weild the power to arse rape the rest of the league and two not have the wish to do so for the exact reason you have posted?
However, people also need to start accept that a competitive league won't necessarily mean better things for Scottish football. If the standard is as it is now, or worse, you will still struggle to get people through the gates for large parts of the season, maybe not the last 6 weeks or whatever, but people will not pay the guts of £30 at the gate for guys with no more skill than a decent Sunday league player.
This is true but surely a major consideration in the discussions in how to proceed following the demise of the Huns.
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This made me laugh at lunchtime 8)
http://www.bbc.co.uk/news/uk-scotland-17040169 (http://www.bbc.co.uk/news/uk-scotland-17040169)
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Craig Whyte pictured passing through a London airport earlier on
(https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash4/404888_10150673690168086_709198085_11187064_1973958682_n.jpg)
:lolabove:
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Is having the ability to show more games that do not feature one or other of the the OF really narrowing you audience?
Likewise is a highlights program on terrestrial TV at a decent time and thus available to the younger generation narrowing your audience?
Yes. On both counts. Why do you think we'd get more people tuning into the games then than we do now? Because the OF aren't involved? A lovely idea but a romantic one. No one, and I mean no one, outwith those who support them, care about watching the likes of St Johnstone and Kilmarnock, and dare I say it, Aberdeen.
SPLTV would be a subscription channel, yes? Showing solely SPL matches? If so, how can you possibly not think that's narrowing the audience? At the moment our game is available to anyone with Sky/ESPN, so they can watch our games even if they didn't get those channels for that reason. having a league specific channel reduces the number of people exposed to the league, therefore reducing the number of people exposed to sponsors and advertisers.
Putting highlights on early on a Saturday or Sunday... so it's up against an EPL game or a La Liga match, not a great idea. Again, a romanticised view that the younger generations will tune in and be taken in by the likes of Ross Tokely clogging their way through a sorry excuse of a top flight football match.
Surely the Tims by themselves would one not weild the power to arse rape the rest of the league and two not have the wish to do so for the exact reason you have posted?
Why wouldn't they? I'm not on about the set up of the league's constitution, i'm talking about on the park. Who is going to challenge them for the league in the next four years, for talks sake, if the huns aren't about? Everyone else is much of a muchness, no one is strong enough to sustain a challenge to them as has been shown in nearly every season since the mid-90s.
Do you seriously think they would hand over anything they didn't need to? They've never once said "We'll give X up for the good of the Scottish game", why would they now? It's self preservation. They're not going to develop a moral conscience just because the huns don't exist.
I hate saying all this for a million reasons most of all because it means the Dons are reduced to what they have become in the last 17 years; but it's realism.
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This made me laugh at lunchtime 8)
http://www.bbc.co.uk/news/uk-scotland-17040169 (http://www.bbc.co.uk/news/uk-scotland-17040169)
Tappin' money tae watch Ranjurs :lolabove:
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Paul Gascoigne has arrived with some beer and chicken.
(pinched from another site)
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Celtic's budget would be the one impacted the most and therefore their playing squad would take a drop in quality greater than that at any other club in the SPL. Might not close the gaps but it will reduce it significantly.
The current SPL TV deal also restricts the league to a 10/12 team league (it actually stipulates that the OF play 4 times a season, so it restricts the league to guaranteeing them both top 6 football). Any new deal wouldn't have this clause which could allow the SPL to increase to a size the fans want.
TV money will reduce significantly, yes. But any drop isn't going to be disastrous. We're talking less money than we've received over the last 12 months in compensation for youth players. Clubs will continue to develop young players (and in some cases be forced to develop more) and in an ideal world would sell them on during contracts (like Hibs) instead of having them leave for compensation fees (like Aberdeen)
I don't think there are going to be less fans going to see Aberdeen v Hearts or Aberdeen v St Johnstone just because Rangers aren't in the league. Many clubs will see an increase in interest from their fans in a fairer league setup. Eliminate the 4000/8000 Rangers fans at Pittodrie each season and you need less than 250/500 more fans at each home game to make up for that - ignoring the extra costs the huns fans bring with them.
European places will still be there. Our coefficient isn't going to be affected whether it's Rangers being humped in July or Motherwell. What it will do is give more teams outwith Rangers a chance at these games which can bring in revenue and provide them with a chance to sneak a 0-0 at home then 1-1 away.
11-1 voting on some crucial issues can be eradicated, allowing the league to make decisions for the better of the majority instead of for the better of their two strongest sides. The NFL owners work to a motto of the league is only as strong as its weakest team. Something which provides a very competitive and successful league (In both financial and sporting terms)
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Yes. On both counts. Why do you think we'd get more people tuning into the games then than we do now? Because the OF aren't involved? A lovely idea but a romantic one. No one, and I mean no one, outwith those who support them, care about watching the likes of St Johnstone and Kilmarnock, and dare I say it, Aberdeen.
SPLTV would be a subscription channel, yes? Showing solely SPL matches? If so, how can you possibly not think that's narrowing the audience? At the moment our game is available to anyone with Sky/ESPN, so they can watch our games even if they didn't get those channels for that reason. having a league specific channel reduces the number of people exposed to the league, therefore reducing the number of people exposed to sponsors and advertisers.
Putting highlights on early on a Saturday or Sunday... so it's up against an EPL game or a La Liga match, not a great idea. Again, a romanticised view that the younger generations will tune in and be taken in by the likes of Ross Tokely clogging their way through a sorry excuse of a top flight football match.
Why wouldn't they? I'm not on about the set up of the league's constitution, i'm talking about on the park. Who is going to challenge them for the league in the next four years, for talks sake, if the huns aren't about? Everyone else is much of a muchness, no one is strong enough to sustain a challenge to them as has been shown in nearly every season since the mid-90s.
Do you seriously think they would hand over anything they didn't need to? They've never once said "We'll give X up for the good of the Scottish game", why would they now? It's self preservation. They're not going to develop a moral conscience just because the huns don't exist.
I hate saying all this for a million reasons most of all because it means the Dons are reduced to what they have become in the last 17 years; but it's realism.
I know I don't tune in if the game doesn't feature Aberdeen there must be several thousand others like me and the same again for other non OF teams throughout the UK so I'd be interested what the projected difference between gaining that audience on top of all the Tims that will tune in to watch their team against losing the Hun subscriptions. An SPLTV isn't just going to show one game a week like ESPN or SKY do. I understand your point regarding advertising revenues dropping for a purely SPLTV station but I'd counter that by honestly saying I'd pay twice what I do for ESPN if Aberdeen were on once a month minimum. Add to that; what's to stop that business model buying UK rights for say the German or more pertinently some Eastern European leagues and generating additional subscriptions and advertising revenue from the UK's immigrant populations.
I also understand your points regarding accessible highlights programs and we are 15 years too late to that party but to not try seems defeatist. Also for kids is the standard of football really that important? Surely at that age its about establishing loyalties and gaining brand recognition. I also don't think there are Spanish games on Terrestrial TV either and there's no reason why a terrestrial highlights can't be timed to be after MOTD on a Sunday morning. I also realise there are very few homes without SKY nowadays.
I just consider this the ideal opportunity for the SPL to sort out the balance of power and try to implement positive change to the game. To not even try really is the death knell of Scottish football. I realise the jungle jims have never done anything for the good of Scottish football but standing up to them now without their bastard brothers to back them up could result in that ability to be taken away. And really who cares if they walk the league for the next 4 or 5 years minimum if at the end of it there is a chance (however slight that may be) that we end up with a more competitive league.
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I know I don't tune in if the game doesn't feature Aberdeen there must be several thousand others like me and the same again for other non OF teams throughout the UK so I'd be interested what the projected difference between gaining that audience on top of all the Tims that will tune in to watch their team against losing the Hun subscriptions. An SPLTV isn't just going to show one game a week like ESPN or SKY do. I understand your point regarding advertising revenues dropping for a purely SPLTV station but I'd counter that by honestly saying I'd pay twice what I do for ESPN if Aberdeen were on once a month minimum. Add to that; what's to stop that business model buying UK rights for say the German or more pertinently some Eastern European leagues and generating additional subscriptions and advertising revenue from the UK's immigrant populations.
I also understand your points regarding accessible highlights programs and we are 15 years too late to that party but to not try seems defeatist. Also for kids is the standard of football really that important? Surely at that age its about establishing loyalties and gaining brand recognition. I also don't think there are Spanish games on Terrestrial TV either and there's no reason why a terrestrial highlights can't be timed to be after MOTD on a Sunday morning. I also realise there are very few homes without SKY nowadays.
I just consider this the ideal opportunity for the SPL to sort out the balance of power and try to implement positive change to the game. To not even try really is the death knell of Scottish football. I realise the jungle jims have never done anything for the good of Scottish football but standing up to them now without their bastard brothers to back them up could result in that ability to be taken away. And really who cares if they walk the league for the next 4 or 5 years minimum if at the end of it there is a chance (however slight that may be) that we end up with a more competitive league.
Lots of fair points there Baggy. The TV situation is a dodgy one though that i think we have to be careful with. It's not long since Setanta - an established Sports channel - went tits up. I have to be honest, if the Dons were only on once or twice a month, i'd go to the pub to watch it if I wasn't going to the game.
And as far as the kids thing goes... the standard of football may not matter on a technical level, but it certainly matters where "Stars" are concerned. There is no Gordon Strachan, Charlie Nicholas or Eoin Jess at Pittodrie these days, hasn't been for nigh on 20 years and there are signs that there won't be one any time soon; that's what kids want. When there is competition for their attentions such as there is with La Liga, EPL, Serie A... it's a tough sell.
You're right though, if something is going to change then this must be the time we at least try. I'm just scunnered with Scottish football and expect nothing from it these days. Hopefully this can be the start of the renaissance.
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There's a lot of talk going on in here about leagues elsewhere, investment from abroad and attracting viewers from other catchment areas.
Scottish football has been dying slowly for years and I'd prefer if we just sorted out the game and concentrated on getting Scottish crowds back through the gates.
A fresh start with or without the Huns and Tims grabbing the lion's share is a start to that. Just hope the governing bodies have the brains and balls to do something about it.
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(http://a2.sphotos.ak.fbcdn.net/hphotos-ak-ash4/s320x320/426904_3249298268989_1162943314_33302084_910380090_n.jpg)
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(http://a2.sphotos.ak.fbcdn.net/hphotos-ak-ash4/s320x320/426904_3249298268989_1162943314_33302084_910380090_n.jpg)
8/10 for the idea. 2/10 for the lyrics. DUZNAE CHIME
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Just seen Alex Salmond on Reporting Scotland. He can fuck right off and he won't be getting any YES vote from me for independence if he thinks he can talk the HMRC into going easy on the huns.
Fucking idiot can fuck right out of it.
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trying to win the non unionist huns over imo
not really worth it for 12 people
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Lots of little hints here and there today in various media that the huns will continue as a club, and indeed as a force in Scottish football.
All this administration/liquidation hype will ultimately end in disappointment in my opinion, I don't know what they have up their sleeve but I've got a feeling they're going to come out of this debt free and 'clean' at the other end, probably with Whyte out of the picture completely.
The cunts.
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The Scottish Premier League's new live television contract will be under threat should Rangers drop out of the top flight following administration.
Its TV deal includes a clause stipulating the participation of both Celtic and Rangers in the SPL.
Rangers' administrator must now agree a Company Voluntary Agreement with the Glasgow club's creditors.
Should it fail to do so, any new company taking the Rangers name would have to apply for re-admittance.
And that would be subject to a vote from the remaining 11 clubs.
At least four of those clubs are believed to be owed money by Rangers - Hearts for the £1.5m summer purchase of Scotland full-back Lee Wallace and Dundee United, Dunfermline Athletic and Inverness Caledonian Thistle for ticket sale proceeds.
The SPL announced a new five-year contract worth £80m in November and it is due to come into effect at the beginning of next season.
So in other words there is no prospect of the huns being anywhere other than the SPL next season because not enough SPL clubs would vote against them should it come to a vote on reinstating them.
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The TV deal doesnt just require the participation of Rangers and Celtic, it actually stipulates that they will play eachother 4 times.
How can that be in the best interests of any league? How can that be fair? If either OF club were to be struggling and fighting for top 6 football how much pressure would be put on referees to help them? How much pressure is put on them to help from them day 1 in each season?
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The media narrative is always going to be dependant on who the editors are paying the hacks to write for.
The only way the propaganda that rangers should be allowed to get away with this and continue as normal would be stopped is if a sizeable minority spoke out against it.
There isn't a sizeable minority of football fans/thinkers/writers in Scotland out with the OF, and Celtic ppl don't want to risk the cushy number they have now, so this is going to play out in the most awful way possible.
Even dandies believe the game is necessarily stronger with der hun (short term yes, but in terms of sustainable and equal development, not being bigger than one team - or one fixture even - means we can only be in a position of weakness) so the propaganda is always going to be that we should welcome them back with open arms.
Bullshit. If they cheat and get away with it then the game may continue in Scotland but it'll be completely dead to me.
One way or another, this is going to amount to the final nail in a coffin.
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All of the Board of DAFC would like to express their concern and shock that a giant football club such as Rangers FC has gone into administration. The impact of this will be felt throughout Scotland, the UK and Europe and the Board and club would wish to convey their support to Rangers FC and hope that the club can find a way through this terrible time.
However, the direct impact to DAFC is not insignificant: Rangers FC are due DAFC in the region of £80,000 of gate receipts from Saturday's fixture which is obviously of extreme concern. This payment is no longer expected to be received by next Tuesday which would have been due to the club. This is a significant amount of money for a club such as DAFC to lose especially after losing £50,000 due to our game against Kilmarnock being postponed and will create some challenges for us over the coming months, these challenges are not insurmountable.
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scottish football is not encouraging kids because
1- the highlights are on to late and a day before school
2- if kids are bombarded by top english games 24/7 on the telly they will start to support one of them as their first team not second teams like us (kids before used to support rangers, celtic or the dons now they support man u or the arsenal) says it all
3 - nowadays kids have other things to do on a saturday and also dont spend their youth playing footie on the streets/parks no more
4 - whats on offer also must have an impact
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(http://a2.sphotos.ak.fbcdn.net/hphotos-ak-ash4/s320x320/426904_3249298268989_1162943314_33302084_910380090_n.jpg)
Men in bowler hats turning up to shut down the huns.
The irony of it all.
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11-1 voting on some crucial issues can be eradicated, allowing the league to make decisions for the better of the majority instead of for the better of their two strongest sides. The NFL owners work to a motto of the league is only as strong as its weakest team. Something which provides a very competitive and successful league (In both financial and sporting terms)
An 11-1 (or is it a 10-1 given that there would be 11 teams left?) vote in favour of a liquidated and resurrected Rangers FC 2012 being admitted to the SPL would be proof it is at all needed that the clubs in the SPL have absolutely no interest in taking action to improve the standard.
A levelled-out playing field for a year or two will force clubs to focus on living within their own means. It could conceivably mean that two or three big clubs may go to the wall with them but in the longer term a new order would rise.
Scottish football is far too rooted in traditionalism. English football could conceivably have become accused of being the same without the advent of the Premiership in 1992. They modernised and we didn't. The much heralded but ultimately ill-fated ten-team Scottish Super League in the mid-90s could have capitalized upon the early success of the EPL at a time when there was money floating around the Scottish game and the national team was still qualifying for finals. We failed to strengthen while in a position of strength. It's the same old story in Scottish football. Let them die and let all the other hangers-on go the same way.
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Any truth in this......
Aluko :wave: Papac, Healy and Bartley all released this morning…
If so I may just wet myself!! ;D
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Don't think there's any truth in it, although I hope there is ;)
Most news sources saying there will be no sackings today and players/staff will learn more next week. Although the administrators have announced a press conference for 3.30pm so there might be something going on.
Anyone still got Aluko on twitter? I deleted him cause he's a hun.
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What happens if you're released by a club in administration, does the remainder of your contract get paid or is it just cancelled? Just wondering what the legal situation is from a players point of view if you get binned without any compensation.
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If Aluko gets binned would he have earned as much as he paid to play for them in the first place?
;D
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REALLY hope this is true. If he is released he won't be able to play again this season. I presume we held his registration till the Huns signed him then the Huns held his registration so that makes two. Nae luck ye English Nigerian Catholic UVF sympathiser.
#careergoingdownthepanquickerthanyourclub
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TBH be honest in Aluko's case I think he'll have done enough at Rangers to have improved his reputation and get a Championship club quite easily.)
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I presume any player who has their contract up at the end of the season will be released - so Aluko will be gone
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TBH be honest in Aluko's case I think he'll have done enough at Rangers to have improved his reputation and get a Championship club quite easily.)
But not until next season. We had a player on trial at Cheltenham whose registration had been held by two teams this season before the second paid his contract up. He is now without a club as no-one can sign him. Barnes-Homer I think it was.
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Anyone still got Aluko on twitter? I deleted him cause he's a hun.
IN A way it was apt that Sone Aluko chose to go biblical on Twitter yesterday, for the events that are playing out in front of our eyes will have an end-of-the-world quality for many haunted Rangers supporters.
Aluko paraphrased from the Book of Romans, but with the Rangers finances in such a dizzying mess it might have been more appropriate had he quoted from the Book of Numbers instead.
He mentioned a passage that speaks of trials producing endurance, endurance developing character and character bringing hope. It was a message of optimism for the fans of his club who are losing faith in the future in these dismal days as well as a volley of defiance directed against those from across Glasgow who have sought to torment him with their gloating. “Bore off,” he told the cyber Celts on Twitter. No doubt every Rangers player with an account on social media would have had an online visitation from these people in these momentous past few days.
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Anyone still got Aluko on twitter? I deleted him cause he's a hun.
:thumbsup: I deleted him too. His constant spouting vile Hun bile nauseated me to the point where I was left with no options.
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I would like to think his contract means he has to stay............
Tough shit min!
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Pinched from afc chat but it makes sense. Sorry if it's already been posted elsewhere on here.
Why Scotland doesn’t need Rangers
Scottish politics seems to be having a wee holiday this week. The First Minister has a little chat with the Scottish Secretary over the referendum, deciding nothing, the Unionists demand “answers” to questions on a completely different subject, Jim Sillars witters on about something or other in yet another bitter rage about how well the SNP’s doing without him, and the Scotsman quietly admits that some of its previous scare stories (this time the ones about Scottish membership of the EU) were cobblers and hopes nobody notices. In other words, business as usual.
The reason everyone’s putting out a skeleton service operating on auto-pilot is, of course, that they’re all transfixed with the goings-on at Ibrox. And rightly so, because it’s an enormous story which reaches out and touches the entire population in a way that politics almost never does. For fans of Rangers, their entire world has fallen in. For fans of other clubs it’s either hilarious, or a time for rising above petty rivalries and showing solidarity with their fellow supporters, ie it’s secretly hilarious. For Rangers employees it’s a worry, for battered wives, social services and hard-pressed A&E staff it’s a blessing and for booze retailers it’s a catastrophe.
We also can’t ignore the possible political consequences. For decades Rangers FC has served as a weekly indoctrination service for the defenders of the Union – you can’t spend a large proportion of your leisure time waving Union Jacks and singing “Rule Britannia” with thousands of fellow loyal subjects of Her Majesty (she of the Revenue and Customs) without it having some sort of effect on your worldview.
But for the media, which for months on end has largely turned a blind eye to the scale of Rangers’ problems and left the blogosphere to pick up the slack, it’s a time of panic. If Rangers fall they’ll probably take half the circulation (and pagecount) of the Daily Record with them, and the tabloid media in general is desperate for the club to survive in something as close to its present form as possible.
So the story, told loudly and relentlessly, is that Scottish football couldn’t live by Celtic alone. Rangers, it’s insisted over and over, are vital to the continued health – nay, the very survival – of the domestic game. Their friendly, loveable fans, we hear, are the lifeblood of every other club in the league as they turn up twice a season to swell the stands and consume the Scotch pies and Bovril that pay the wages of the home side’s gangly centre-half. The TV riches that pour into SPL coffers would vanish too, without the juicy prize of four Old Firm games a year to tempt Sky into opening their gold-plated chequebook. All in all, take Rangers away and you might as well padlock the turnstiles from Inverness Caley Thistle to Queen Of The South and call it a day.
But is it true? No. It’s a load of balls.
This blog loves nothing more than a good delve in some stats, so we’ve been wading waist-deep in them this week. And the conclusion we’ve reached is that the collapse of Rangers would in all probability be the best thing to happen to Scottish football this century. Along with its Parkhead twin, the club is a giant vampire squid choking the Scottish game to death, and history strongly suggests that Scottish football can ONLY flourish if one or both of the Gruesome Twosome is in poor health.
Firstly, let’s look at some of the myths.
We’re told that the smaller clubs need the influx of cash generated by home games against the Old Firm every year. But how much is that really worth? Under the current SPL structure, there’s no guaranteed number of such fixtures each season. Aberdeen, for example, got just three last year (two against Rangers, one against Celtic), because they were in the bottom six of the league at the time of the “split”.
In season 2010/11, the Dons had an average attendance at Pittodrie of just under 9,000. For the three Old Firm games, the average attendance was 13,378. That’s 4,504 extra punters through the gates per match, or a total for the season of 13,512. In other words, having Rangers and Celtic come to visit was effectively worth the equivalent of about 1.5 extra home games a year. (1.52, if you want to be picky.)
Now, for a club on a tight budget like Aberdeen, 1.5 extra home games a season is a handy bit of cash. If we assume that the average spectator spends £40 on their ticket, programme, refreshments and whatnot, it’s over half a million quid in (gross) revenue. But it’s not the difference between life and death. It could be achieved just as easily by an extended cup run or qualification for Europe – things which are significantly more likely to happen if you take one or both of the Old Firm out of the picture.
Indeed, just a modest amount of progress in Europe can effortlessly eclipse a season’s worth of Rangers and Celtic ties. In season 2007/08 Aberdeen reached the last 32 of the Europa League, which is very much the poor relation of UEFA’s club competitions compared to the cash cow of the Champions’ League. Getting to the last 32 of it isn’t exactly spectacular success, but it nevertheless brought the Dons four extra home games that season, which drew a total of 74,767 paying customers.
Alert viewers will have noticed that even this humble adventure was therefore worth almost SIX TIMES as much to the Pittodrie club as an entire season of Old Firm fixtures, and that’s before you factor in the not-inconsiderable matter of extra TV money and participation bonuses, which would surely boost that multiplier to 10 or more. (It’s perhaps also worth noting that even the first-round first-leg tie against the unglamorous FC Dnipro of Ukraine attracted a larger crowd than any of 2010/11?s games against Rangers or Celtic, despite having thousands fewer away fans.)
From this we can see that if a team like Aberdeen qualified for Europe just fractionally more often, as as result of the demise of one or both of the Old Firm making places more easily attainable – maybe once every five or six years – the rewards could easily eclipse the losses. But there’s more to it than that, because the Europa League jaunt had a knock-on effect on domestic attendances too.
When Hearts came to Pittodrie in the middle of the Europa run, the gate was 14,000. The corresponding fixture in 2010/11, at roughly the same time of year, saw just 9,100 show up. In other words, a tiny glimpse of success saw attendance over 50% higher – exactly the same sort of boost delivered in a normal season by the visits of the Old Firm. Even two months after the Dons were knocked out of the tournament by Bayern Munich, a home game against Falkirk could pull a crowd of 11,484 – a comparable late-season match (vs Hibernian) in 2010/11 managed just 7,400.
Of course, you could argue that the higher attendances in 2007/08 were a result of a better season in general (Aberdeen finished 4th that year, compared to 9th in 2011). But then, that’s the point – fans are much more likely to turn up to watch games in a competition where their team has a fighting chance of achieving something than in a league where they’re just making up the numbers. Take one or both of the Old Firm out of the league and you instantly make it far more competitive, which makes it far more exciting, which makes it far more attractive for people to come and watch.
This isn’t just an idle theory. Within living memory, Scottish football has actually experienced an extended period where one or other of the Old Firm was in dire straits, and the result was a far more competitive league with substantially bigger attendances for the non-OF clubs. While this era is often dismissed as a brief Alex-Ferguson-inspired flicker in the mid-80s, it in fact lasted for almost 20 years.
The first phase was around the creation of the old Scottish Premier Division, running from the tail end of the 1970s and right through the 1980s, before David Murray and his bottomless wallet turned up at Ibrox around the turn of the decade. Rangers were in a woeful state at the time, winning the league just once in a 10-season spell between 1979 and 1988, and with home crowds at Ibrox regularly dropping below 10,000.
(One 1979 league game against Partick Thistle brought fewer than 2,000 loyal Gers fans to the stadium, and no, that’s not a typo – we really mean TWO thousand.)
But it wasn’t just Celtic who took advantage – in four of the other nine seasons of that decade the league title went to the smaller clubs (Aberdeen three times, Dundee Utd once), and it would have been five if not for the most infamous last-day implosion in Scottish football history robbing Hearts of the 1985/86 flag.
In other words, in a 10-team division fully 50% of the participants were mounting realistic challenges for the title – a feat probably never replicated anywhere else in the world in the history of football. The Scottish Premier Division was almost certainly the most competitive club league on the face of the planet, and such a healthy state of affairs was reflected on the broader stage.
Aberdeen won the European Cup-Winners’ Cup (with an all-Scottish team) in 1983, defeating Bayern Munich and Real Madrid to secure the trophy, and also beat that year’s European Cup champions SV Hamburg to join the illustrious list of winners of the Super Cup. The next season Dundee United got to the semi-final of the European Cup (with the Dons making the Cup-Winners’ Cup semis), and three years later Jim McLean’s men reached the final of the UEFA Cup, knocking out Barcelona along the way but losing the final 2-1 to IFK Goteborg.
The nature of Old Firm weakness changed between the late 1980s and the mid-1990s. David Murray had arrived at Rangers and was pouring money into the club, attracting big-name England internationals with the promise of European competition after English clubs were banned in the aftermath of Heysel. But while Rangers grew stronger Celtic weakened, and the Parkhead side hovered on the brink of bankruptcy for several years before being rescued by Fergus McCann in 1994.
As a result, the Scottish Premier Division remained competitive. Although that sounds a daft assertion in the wake of Rangers’ nine-in-a-row of league triumphs (1989-97), the fact remains that four different teams finished in second place over the period, with Celtic not managing to do it until 1996. Rangers’ average margin of victory in the league race during the nine-season run was under 7 points, which contrasts sharply with the typical modern-day gap between the Old Firm and the rest of 30+ points.
Indeed, over the entire 22-season lifespan of the old Premier Division, the Old Firm (in either order) took the top two spots just seven times, and five of those comprised the first two and last three seasons of the competition. Over a 17-year stretch in between, the Old Firm secured the 1 and 2 positions just twice. (Celtic-Rangers in 1978/79, and Rangers/Celtic in 1986/87.) In nine of the 22 seasons, the Old Firm couldn’t even both get into the top 3.
The SPL era, on the other hand, has seen Tweedlehun and Tweedlydee cosily slice up first and second place in 12 of its 13 seasons (the only blip being Hearts pipping Rangers to the runner-up spot by a single point in 2005/06). Where the Scottish Premier Division was the most competitive league in the world, the SPL is now the least competitive, and therefore one of the least healthy.
(During the life of the old SPD the Scotland international side qualified for World Cups in 1978, 1982, 1986 and 1998, and for European Championships in 1992 and 1996. Since the advent of the SPL in 1999, with the Old Firm hurling most of their money at foreign players, the national side hasn’t reached a single tournament finals.)
Of course, the game has changed since the Premier Division. The SPL, Sky TV, Champions League and Bosman have all conspired – entirely by design – to make life harder for the smaller teams and cement the dominance of the bigger ones who can command higher TV audiences. Even this, though, is a slightly misleading picture.
Media pundits are fond of pointing out that Sky’s interest in the SPL would plummet if it no longer had Old Firm games to offer its subscribers, and this is undoubtedly true. What nobody points out, however, is that the OF hog so much of the Sky money for themselves that even a massively-reduced deal from terrestrial broadcasters would be more evenly distributed in a notional post-Rangers world, and so would likely end up with the smaller teams seeing fairly similar amounts of money to what they get now.
By way of illustration of the sort of sums involved, we examined the 2010 public accounts of Motherwell, who finished 6th in the SPL in 2010/11. Their total income from TV and radio was just over £1.2m. We’d imagine the bulk of that came from the Sky deal, but some will also be from elsewhere, eg the BBC rights to highlights packages and radio coverage. Arbitrarily, then, let’s say Sky is worth £1m a year to Motherwell, out of the total £16m that Sky pay the SPL every year.
A typical home game at the average 2010/11 Fir Park attendance of 5,660 will generate something very roughly in the region of £225,000. If Sky disappeared and nobody took up the live-TV rights at all, the club would need to either play four extra home games OR attract an extra 1300 fans to each game to compensate, OR reduce its annual wage bill of a startling £3.3m, or some combination of the three.
In a more competitive league with more chance of European football, that’s hardly an impossible dream – for reference, in 2007/08 when Motherwell finished 3rd their average attendance was around 1000 higher, at 6,600. The further 300 extra was achieved as recently as 2004/05.
But even beyond that, the data in the early part of this feature (which is broadly reflected for all other Scottish sides, not just Aberdeen, but we’d be here all day if we were to list every one) proves that the crucial core principle remains the same – a team with a better chance of even the mildest definition of success, eg qualifying for Europe or reaching a domestic cup final, will see a large upshoot in its attendance figures, and more than enough to compensate for the less-frequent visits of Rangers/Celtic fans or a drop in TV money. And the prime driver of that increased prospect of success is the weakness (or absence) of at least one of the Old Firm.
For all the commentators asserting that Scottish football would collapse – either in footballing terms or economic ones – should Rangers FC not make it out of season 2011/12 alive, the numbers simply don’t add up.
:haterangers:
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That doesn't mention the change from 2 points for a win to 3 points which was a major factor in the old firm dominance as well.
If Rangers were no longer a team then the fan base would perhaps still go to games albeit a local team. You never know Partick Thistle might gain the odd fuckwit.
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(http://i.imgur.com/Okq5V.png)
The last one has been deleted
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That doesn't mention the change from 2 points for a win to 3 points which was a major factor in the old firm dominance as well.
If Rangers were no longer a team then the fan base would perhaps still go to games albeit a local team. You never know Partick Thistle might gain the odd fuckwit.
The St Mirren chairman has clocked onto this. Have seen comments from him that they would hope to get increased attendances if the huns didn't exist. Hopefully more chairmen realise this too.
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The St Mirren chairman has clocked onto this. Have seen comments from him that they would hope to get increased attendances if the huns didn't exist. Hopefully more chairmen realise this too.
Exactly when you consider the amount of huns there are in every town all over Scotland. They aren't just going to stop watching football. granted a lot of them will probably follow an English team but there will be some who just need that football fix. Makes sense to support your local team. Apart from Celtic of course considering where they play is quite a big hun area.
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The arguments about the Europa League are all well and fine, but with more qualifiers to play and only a couple of teams a year in Europe, where and how do the rest make up the shortfall?
There's been no mention of the quality of the football and how appalling it is, the admission prices being ridiculously overblown as it is... these things are the over-riding factors on whether folk go to the football now and they're in danger of getting worse and that's the case whether the vermin live or die.
If the huns are in the league or not, get the admission prices down and get more people through the gates.
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The arguments about the Europa League are all well and fine, but with more qualifiers to play and only a couple of teams a year in Europe, where and how do the rest make up the shortfall?
There's been no mention of the quality of the football and how appalling it is, the admission prices being ridiculously overblown as it is... these things are the over-riding factors on whether folk go to the football now and they're in danger of getting worse and that's the case whether the vermin live or die.
If the huns are in the league or not, get the admission prices down and get more people through the gates.
It all comes down to the prices at the gate. It's greed that has driven them up (mainly greed by the old firm because they usually fill their stadiums). Clubs must see that a reduced price will get more through the gates.
The old firm seem to set the bar though for gate prices throughout the league. You can't have one team charge £20 odd when eveyone else has reduced the price to say £10 so the price has to stay around about the same throughout the league. In saying that Hearts did didn't they?
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The arguments about the Europa League are all well and fine, but with more qualifiers to play and only a couple of teams a year in Europe, where and how do the rest make up the shortfall?
Well there will be a wider mix of Scottish teams getting into Europe, so more clubs will get chances in these games. The amount of qualifiers teams have to play isn't going to go up because Rangers are no longer there. They have as much a negative impact on our coefficient these days as Gretna or Queen of the South had.
For the ones who don't finish in European spots a Hibs, Dundee United or Aberdeen team in Europe, or pushing for European places, can take thousands of fans to their grounds instead of the 4000 huns. A cup and/or European run puts a good feeling right through the support with more fans turning up to both home and away fixtures.
The interest from TV companies to show non-old Firm Scottish Football on TV is clearly there. The next 4 Aberdeen games are on Sky/ESPN and 3 of the 4 Scottish Cup Quarter Finals are on BBC/Sky. Only 2 out of these 6 matches involve Celtic. None involve Rangers. Yep the TV money will reduce without Old Firm matches, but who is to say the viewing figures for the other matches won't increase when people see how competitive the league is (outside Celtic for a few years) and tune in to see clubs who are challenging for European spots.
Ticket prices are a problem in Scottish Football. But as you mentioned that is a problem whether Rangers exist or not.
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Well there will be a wider mix of Scottish teams getting into Europe, so more clubs will get chances in these games.
Who is to say that one or two teams get a good run, make a few bob and spend it wisely so it's the same side/s making the impact in Europe each year? What then for the rest? It's an entirely plausible scenario.
Personally, I think the game is so low at the minute that there isn't a chance in hell of any of our teams making any kind of impact in Europe. Hopefully that changes of course.
The interest from TV companies to show non-old Firm Scottish Football on TV is clearly there. The next 4 Aberdeen games are on Sky/ESPN and 3 of the 4 Scottish Cup Quarter Finals are on BBC/Sky. Only 2 out of these 6 matches involve Celtic. None involve Rangers. Yep the TV money will reduce without Old Firm matches, but who is to say the viewing figures for the other matches won't increase when people see how competitive the league is (outside Celtic for a few years) and tune in to see clubs who are challenging for European spots.
Ticket prices are a problem in Scottish Football. But as you mentioned that is a problem whether Rangers exist or not.
They were contracted to show a set amount of games outwith the final itself. They're not doing it because they think Motherwell v Aberdeen or Hearts v St Mirren is going to make them a lot of cash. Lets face it, Sky would have been beelin' that the huns were knocked out. There goes the chance of their dream final/semi/quarter.
It's not enough for the league to be competitive as i said the other day. There has to be quality. The Championship is competitive, they say the most competitive in Europe. Have you ever watched it? It's not great. Far from it and I generally turn the channel if it's on. Just because a league is competitive doesn't mean it is automatically attractive to outsiders. Maybe some would tune in, but I'd be amazed if it was enough to get our clubs a decent wedge.
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1629: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "Daniel [Cousin] was at the training ground this morning as I addressed the players. We can't say for sure at the moment if that will go through - that's still under review."
1627: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "We had a good productive meeting with Ally and we will work together to find a solution. So from that you can assume Ally will be involved in any changes in the playing staff."
1626: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "We believe the debt to be £24m but some of it is deferred. We're confident in what we've seen that we can achieve a succesful result and that Rangers will continue as a football club."
1621: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "When the club was taken over it had a substantial contingent debt - as matters have unfolded the levels of losses have not been funded by the normal course of trade. The insolvency of the club has resulted from those losses of funding."
1617: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "The reason it [tax] hasn't been paid is that it hasn't been sent. They were deductions that were made at source that were fundamentally used to fund the club. It's something we need to look into. We have to carry out a full investigation into what has happened but what we can say is that the business has been loss-making."
1613: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "We have a statutory right to act on the behalf of the creditors. We would have liked to have found a solution before going down the administration route. We hope a CVA can be achieved. In layman's terms we are hopeful that a settlement can be reached. We are wholly confident that Rangers will continue as a football club and will not face liquidation."
1611: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "The immediate task was to get the weekend's game to happen. This morning I spoke to Ally McCoist. It will be next week at least before anything is decided in this area. We will be making the February payroll obligations in the normal manner and in full."
1608: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "We have a statutory right to act on the beahlf of the creditors. It will be conducted to the highest professional standards. I would like to pay tribute to the fans, players and staff of Rangers Football Club. There will be a full account of the club's financial affairs and we will publish that report."
1605: RANGERS PRESS CONFERENCE - LIVE
Rangers administrators Paul Clark and David Whitehouse on Rangers situation: "It's a very early stage of the process. Craig Whyte is not associated in any way with Duff and Phelps."
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The £24m from ticketus has not went through the accounts. Therefore it cannot have been used to pay Whyte his £18m and become a secured creditor.
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Alex Salmond is an appalling cunt.
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Alex Salmond is an appalling cunt.
Yes.
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Alex Salmond is an appalling cunt.
Aye, because out of this whole debacle, it is Alex Salmond who is the to be most reviled. ::) :hammer:
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Aye, because out of this whole debacle, it is Alex Salmond who is the to be most reviled. ::) :hammer:
Doesn't mean he isn't one though, does it?
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Aye, because out of this whole debacle, it is Alex Salmond who is the to be most reviled. ::) :hammer:
Don't be so facile. There's plenty to revile and laugh about but to suggest the 1st Minister should begin with saying we all depend on the survival of these cunts and that they should get a pass of some sort is disgraceful.
But hey, let's no criticise sainted Alex eh? I guess you support his view here?
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Don't be so facile. There's plenty to revile and laugh about but to suggest the 1st Minister should begin with saying we all depend on the survival of these cunts and that they should get a pass of some sort is disgraceful.
But hey, let's no criticise sainted Alex eh? I guess you support his view here?
His "Vibrant football club" bollocks really took things too far. So the sectarian issues that have faced the city have fuck all to do with this "vibrant football club"? Fuck off Salmond, slimey cunt.
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Doesn't mean he isn't one though, does it?
Compared to other politicians like say,
Alistair Darling
Gordon Brown
Micheal Forsythe
Tony Blair
George Osbourne
David Cameron
George Foulkes
Ian Davidson
Compared to the above list of scum bags, what has Alex Salmond done to incur your displeasure? Is it the fact that the SNP are actually delivering on manifesto promises and have a cogent vision and confident front bench, or would you prefer the country to be run by gangsters like Labour led Glasgow City Council?
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Compared to other politicians like say,
Alistair Darling
Gordon Brown
Micheal Forsythe
Tony Blair
George Osbourne
David Cameron
George Foulkes
Ian Davidson
Compared to the above list of scum bags, what has Alex Salmond done to incur your displeasure? Is it the fact that the SNP are actually delivering on manifesto promises and have a cogent vision and confident front bench, or would you prefer the country to be run by gangsters like Labour led Glasgow City Council?
Deary me. I think we'll leave that one there.
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let's not get started on that annoying cow nicola sturgeon.
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Alex Salmond is an appalling cunt.
It's not just him, what's her name Curran and Callmedave among others have come out with an amazing amount of bullshit. Never be surprised at how low a politician will stoop in the hope of gathering a vote or two.
The worst thing is that these cunts seem to be advocating letting rfc off with their massive tax bill. I'll remember that next time I see them in Parliament attacking disabled folk for claiming benefits. Twats
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Deary me. I think we'll leave that one there.
Jesus would indeed have wept BB.
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Let's assume that the Huns get voted back in - doesn't that set a precedent for all SPL clubs?
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If they need to be they will and it should. But it won't.
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I dunno about this. Its going to only take two clubs to vote against it for them to be screwed. If Mad Vlad is still in charge i reckon thats one vote against straight away, especially as they are getting screwed by the huns to a tune of a mill
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Yet more evidence that Salmond is a complete Muppet.... :finger: we don't need the Minks or the Huns - in fact Scottish Football would be a better place without the bigot brothers :thumbsup:
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17067135 (http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17067135)
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Yet more evidence that Salmond is a complete Muppet.... :finger: we don't need the Minks or the Huns - in fact Scottish Football would be a better place without the bigot brothers :thumbsup:
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17067135 (http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17067135)
He needs to keep the fuck away from the Rangers debacle.
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He needs to keep the fuck away from the Rangers debacle.
That would probably involve him keeping his cave shut so don't expect that to happen.
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I dunno about this. Its going to only take two clubs to vote against it for them to be screwed. If Mad Vlad is still in charge i reckon thats one vote against straight away, especially as they are getting screwed by the huns to a tune of a mill
rumours going around today that us, United and Tom Sellick have already "agreed" to vote them out. No idea if this accurate or not but it certainly did the rounds today.
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rumours going around today that us, United and Tom Sellick have already "agreed" to vote them out. No idea if this accurate or not but it certainly did the rounds today.
Lets hope that this is true. Just spoke to a sellick fan tonight and he wants the huns to survive because apparently Scottish football is fucked without them. :o :o Couldn't give me a good reason on why they should be saved though.
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rumours going around today that us, United and Tom Sellick have already "agreed" to vote them out. No idea if this accurate or not but it certainly did the rounds today.
Just to clarify, is this if they go into liquidation and/or emerge until a different name? Or are people trying to get them thrown out just because they are in administration?
I'd be amazed if Milne voted to chuck them out.
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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17067141
The administrators running Rangers have said they do not know the whereabouts of £24m which was lent to the club.
The money was lent to the club by Ticketus, a firm which hoped to profit from future season ticket sales.
David Whitehouse of Duff and Phelps said they did not have "visibility" of where the money had gone.
Mr Whitehouse said he believed the funds went through a parent company account rather than the account of the company now in administration.
He added that the administrators were checking with Rangers' former lawyers.
He said the Ticketus debt was not secured against the assets of the football club.
It means the ticket firm is unlikely to be repaid in full should Rangers exit the administration process.
Instead, Ticketus and other creditors would be asked to agree to a Company Voluntary Arrangement (CVA) to receive a percentage of what they are due.
Rangers FC Group, a separate entity from the club itself, remains solvent.
Ticketus loaned Rangers the money in return for flows of future season ticket sale revenue, a primary source of the Ibrox club's income.
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Each hour passes by and it becomes more and more obvious that this was Whyte's intention all along. He's been lining this up since before he even bought the club and the cunt is going to get away with it.
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Just to clarify, is this if they go into liquidation and/or emerge until a different name? Or are people trying to get them thrown out just because they are in administration?
I'd be amazed if Milne voted to chuck them out.
In the event of liquidation, i.e. a phoenix club.
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These cunts are well and truly fucked. ;D
No more than this disgusting organisation deserves. They will return is some guise or another, but they should be made to suffer for their years of cheating to all SPL teams, their creditors and HMRC.
I am fucking loving every minute of this.
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New rangers football tops are out
(http://img267.imageshack.us/img267/4204/gerse.jpg)
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Jesus would indeed have wept BB.
Ash yes. Let's not have facts get in the way of a vitriolic personal attack.
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Ash yes. Let's not have facts get in the way of a vitriolic personal attack.
Facts? So you decide who the cunts are and they're the facts are they?
And I thought Salmond was the jumped up little Scotsman....
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no one will vote the cunts out. otherwise, why wouldn't we, or anyone else, just have voted against the terms the OF have dictated to us before??
It is now abundantly clear that Whyte is going to have all this laid at his feet (probably while he remains out of the country). Whether liquidated or not, the huns (or huns 2.0) will be charged with say 1/3 of what they actually owe, but the dates of repayment will be renegotiated with HMRC and the next owners of the club.
Does anyone genuinely think this is going to involve any semblance of justice?
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http://www.youtube.com/watch?v=-HyPCe73fdw&feature=share
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This missing £24 million and the 'Rangers FC Group' worries me. Could Whyte have hidden away all that dosh, the Jelavic fee, Ticketus money etc with a view to paying HMRC the 'big' tax fee, whilst all the other creditors are left out of pocket because of the administration process?
I have no understanding of these things, but Mr Whyte obviously has. Is it possible he and Rangers could come out of this scenario clean and wealthy in a matter of weeks?
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This missing £24 million and the 'Rangers FC Group' worries me. Could Whyte have hidden away all that dosh, the Jelavic fee, Ticketus money etc with a view to paying HMRC the 'big' tax fee, whilst all the other creditors are left out of pocket because of the administration process?
I have no understanding of these things, but Mr Whyte obviously has. Is it possible he and Rangers could come out of this scenario clean and wealthy in a matter of weeks?
He has clearly had his plans ready from the start and has done this before. He wont be losing any money thats for sure and for something so high profile he will want a good payout. I think you may be right.
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New rangers football tops are out
(http://img267.imageshack.us/img267/4204/gerse.jpg)
The end is neigh.
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I thought Davie Weir had left them?
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Ash yes. Let's not have facts get in the way of a vitriolic personal attack.
Are you mental?
Seriously, are you?
Once again, do you agree with what Salmond said? I think he's a cunt for WHAT HE SAID.
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Alex Salmond is an appalling cunt.
As the above quote makes clear, you did not make it clear as to why you went on Alex Salmod attack mode. You just made a nasty comment without context.
Actually in this instance I do not thnk he is right and do think he should keep out of this. Nicola Sturgeons even handed statement should have been enough.
I'm glad your here dragging the debate up to higher levels of cerebral analysis though. well done. A witty and clever insult. Did you make it up yourself, or did you form that opinion reading the Daily Mail?
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The title of the thread is the context of the insult.
Next.
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http://www.thescottishsun.co.uk/scotsol/homepage/news/4135658/Craig-Whyte-advisor-is-a-porn-star.html
You could not make it up. :lolabove:
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http://www.thescottishsun.co.uk/scotsol/homepage/news/4135658/Craig-Whyte-advisor-is-a-porn-star.html
You could not make it up. :lolabove:
Brilliant!
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I thought Salmond was a cunt before he said this shit about the huns.
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Milan Mandaric interested in buying crisis-hit club Rangers
Former Portsmouth and current Sheffield Wednesday chairman Milan Mandaric is interested in buying Rangers.
The administrators revealed on Thursday they had already heard from parties interested in the crisis-hit club.
And BBC Scotland has learned the Serbian - last week cleared of two counts of tax evasion - is one of those to have contacted Duff and Phelps.
Mandaric, who has also been in charge at Leicester, took over at Hillsborough 11 months ago .
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Interesting take if you can be arsed with the long read.
Scottish politics seems to be having a wee holiday this week. The First Minister has a little chat with the Scottish Secretary over the referendum, deciding nothing, the Unionists demand “answers” to questions on a completely different subject, Jim Sillars witters on about something or other in yet another bitter rage about how well the SNP’s doing without him, and the Scotsman quietly admits that some of its previous scare stories (this time the ones about Scottish membership of the EU) were cobblers and hopes nobody notices. In other words, business as usual.
The reason everyone’s putting out a skeleton service operating on auto-pilot is, of course, that they’re all transfixed with the goings-on at Ibrox. And rightly so, because it’s an enormous story which reaches out and touches the entire population in a way that politics almost never does. For fans of Rangers, their entire world has fallen in. For fans of other clubs it’s either hilarious, or a time for rising above petty rivalries and showing solidarity with their fellow supporters, ie it’s secretly hilarious. For Rangers employees it’s a worry, for battered wives, social services and hard-pressed A&E staff it’s a blessing and for booze retailers it’s a catastrophe.
We also can’t ignore the possible political consequences. For decades Rangers FC has served as a weekly indoctrination service for the defenders of the Union – you can’t spend a large proportion of your leisure time waving Union Jacks and singing “Rule Britannia” with thousands of fellow loyal subjects of Her Majesty (she of the Revenue and Customs) without it having some sort of effect on your worldview.
But for the media, which for months on end has largely turned a blind eye to the scale of Rangers’ problems and left the blogosphere to pick up the slack, it’s a time of panic. If Rangers fall they’ll probably take half the circulation (and pagecount) of the Daily Record with them, and the tabloid media in general is desperate for the club to survive in something as close to its present form as possible.
So the story, told loudly and relentlessly, is that Scottish football couldn’t live by Celtic alone. Rangers, it’s insisted over and over, are vital to the continued health – nay, the very survival – of the domestic game. Their friendly, loveable fans, we hear, are the lifeblood of every other club in the league as they turn up twice a season to swell the stands and consume the Scotch pies and Bovril that pay the wages of the home side’s gangly centre-half. The TV riches that pour into SPL coffers would vanish too, without the juicy prize of four Old Firm games a year to tempt Sky into opening their gold-plated chequebook. All in all, take Rangers away and you might as well padlock the turnstiles from Inverness Caley Thistle to Queen Of The South and call it a day.
But is it true? No. It’s a load of balls.
This blog loves nothing more than a good delve in some stats, so we’ve been wading waist-deep in them this week. And the conclusion we’ve reached is that the collapse of Rangers would in all probability be the best thing to happen to Scottish football this century. Along with its Parkhead twin, the club is a giant vampire squid choking the Scottish game to death, and history strongly suggests that Scottish football can ONLY flourish if one or both of the Gruesome Twosome is in poor health.
Firstly, let’s look at some of the myths.
We’re told that the smaller clubs need the influx of cash generated by home games against the Old Firm every year. But how much is that really worth? Under the current SPL structure, there’s no guaranteed number of such fixtures each season. Aberdeen, for example, got just three last year (two against Rangers, one against Celtic), because they were in the bottom six of the league at the time of the “split”.
In season 2010/11, the Dons had an average attendance at Pittodrie of just under 9,000. For the three Old Firm games, the average attendance was 13,378. That’s 4,504 extra punters through the gates per match, or a total for the season of 13,512. In other words, having Rangers and Celtic come to visit was effectively worth the equivalent of about 1.5 extra home games a year. (1.52, if you want to be picky.)
Now, for a club on a tight budget like Aberdeen, 1.5 extra home games a season is a handy bit of cash. If we assume that the average spectator spends £40 on their ticket, programme, refreshments and whatnot, it’s over half a million quid in (gross) revenue. But it’s not the difference between life and death. It could be achieved just as easily by an extended cup run or qualification for Europe – things which are significantly more likely to happen if you take one or both of the Old Firm out of the picture.
Indeed, just a modest amount of progress in Europe can effortlessly eclipse a season’s worth of Rangers and Celtic ties. In season 2007/08 Aberdeen reached the last 32 of the Europa League, which is very much the poor relation of UEFA’s club competitions compared to the cash cow of the Champions’ League. Getting to the last 32 of it isn’t exactly spectacular success, but it nevertheless brought the Dons four extra home games that season, which drew a total of 74,767 paying customers.
Alert viewers will have noticed that even this humble adventure was therefore worth almost SIX TIMES as much to the Pittodrie club as an entire season of Old Firm fixtures, and that’s before you factor in the not-inconsiderable matter of extra TV money and participation bonuses, which would surely boost that multiplier to 10 or more. (It’s perhaps also worth noting that even the first-round first-leg tie against the unglamorous FC Dnipro of Ukraine attracted a larger crowd than any of 2010/11?s games against Rangers or Celtic, despite having thousands fewer away fans.)
From this we can see that if a team like Aberdeen qualified for Europe just fractionally more often, as as result of the demise of one or both of the Old Firm making places more easily attainable – maybe once every five or six years – the rewards could easily eclipse the losses. But there’s more to it than that, because the Europa League jaunt had a knock-on effect on domestic attendances too.
When Hearts came to Pittodrie in the middle of the Europa run, the gate was 14,000. The corresponding fixture in 2010/11, at roughly the same time of year, saw just 9,100 show up. In other words, a tiny glimpse of success saw attendance over 50% higher – exactly the same sort of boost delivered in a normal season by the visits of the Old Firm. Even two months after the Dons were knocked out of the tournament by Bayern Munich, a home game against Falkirk could pull a crowd of 11,484 – a comparable late-season match (vs Hibernian) in 2010/11 managed just 7,400.
Of course, you could argue that the higher attendances in 2007/08 were a result of a better season in general (Aberdeen finished 4th that year, compared to 9th in 2011). But then, that’s the point – fans are much more likely to turn up to watch games in a competition where their team has a fighting chance of achieving something than in a league where they’re just making up the numbers. Take one or both of the Old Firm out of the league and you instantly make it far more competitive, which makes it far more exciting, which makes it far more attractive for people to come and watch.
This isn’t just an idle theory. Within living memory, Scottish football has actually experienced an extended period where one or other of the Old Firm was in dire straits, and the result was a far more competitive league with substantially bigger attendances for the non-OF clubs. While this era is often dismissed as a brief Alex-Ferguson-inspired flicker in the mid-80s, it in fact lasted for almost 20 years.
The first phase was around the creation of the old Scottish Premier Division, running from the tail end of the 1970s and right through the 1980s, before David Murray and his bottomless wallet turned up at Ibrox around the turn of the decade. Rangers were in a woeful state at the time, winning the league just once in a 10-season spell between 1979 and 1988, and with home crowds at Ibrox regularly dropping below 10,000.
(One 1979 league game against Partick Thistle brought fewer than 2,000 loyal Gers fans to the stadium, and no, that’s not a typo – we really mean TWO thousand.)
But it wasn’t just Celtic who took advantage – in four of the other nine seasons of that decade the league title went to the smaller clubs (Aberdeen three times, Dundee Utd once), and it would have been five if not for the most infamous last-day implosion in Scottish football history robbing Hearts of the 1985/86 flag.
In other words, in a 10-team division fully 50% of the participants were mounting realistic challenges for the title – a feat probably never replicated anywhere else in the world in the history of football. The Scottish Premier Division was almost certainly the most competitive club league on the face of the planet, and such a healthy state of affairs was reflected on the broader stage.
Aberdeen won the European Cup-Winners’ Cup (with an all-Scottish team) in 1983, defeating Bayern Munich and Real Madrid to secure the trophy, and also beat that year’s European Cup champions SV Hamburg to join the illustrious list of winners of the Super Cup. The next season Dundee United got to the semi-final of the European Cup (with the Dons making the Cup-Winners’ Cup semis), and three years later Jim McLean’s men reached the final of the UEFA Cup, knocking out Barcelona along the way but losing the final 2-1 to IFK Goteborg.
The nature of Old Firm weakness changed between the late 1980s and the mid-1990s. David Murray had arrived at Rangers and was pouring money into the club, attracting big-name England internationals with the promise of European competition after English clubs were banned in the aftermath of Heysel. But while Rangers grew stronger Celtic weakened, and the Parkhead side hovered on the brink of bankruptcy for several years before being rescued by Fergus McCann in 1994.
As a result, the Scottish Premier Division remained competitive. Although that sounds a daft assertion in the wake of Rangers’ nine-in-a-row of league triumphs (1989-97), the fact remains that four different teams finished in second place over the period, with Celtic not managing to do it until 1996. Rangers’ average margin of victory in the league race during the nine-season run was under 7 points, which contrasts sharply with the typical modern-day gap between the Old Firm and the rest of 30+ points.
Indeed, over the entire 22-season lifespan of the old Premier Division, the Old Firm (in either order) took the top two spots just seven times, and five of those comprised the first two and last three seasons of the competition. Over a 17-year stretch in between, the Old Firm secured the 1 and 2 positions just twice. (Celtic-Rangers in 1978/79, and Rangers/Celtic in 1986/87.) In nine of the 22 seasons, the Old Firm couldn’t even both get into the top 3.
The SPL era, on the other hand, has seen Tweedlehun and Tweedlydee cosily slice up first and second place in 12 of its 13 seasons (the only blip being Hearts pipping Rangers to the runner-up spot by a single point in 2005/06). Where the Scottish Premier Division was the most competitive league in the world, the SPL is now the least competitive, and therefore one of the least healthy.
(During the life of the old SPD the Scotland international side qualified for World Cups in 1978, 1982, 1986 and 1998, and for European Championships in 1992 and 1996. Since the advent of the SPL in 1999, with the Old Firm hurling most of their money at foreign players, the national side hasn’t reached a single tournament finals.)
Of course, the game has changed since the Premier Division. The SPL, Sky TV, Champions League and Bosman have all conspired – entirely by design – to make life harder for the smaller teams and cement the dominance of the bigger ones who can command higher TV audiences. Even this, though, is a slightly misleading picture.
Media pundits are fond of pointing out that Sky’s interest in the SPL would plummet if it no longer had Old Firm games to offer its subscribers, and this is undoubtedly true. What nobody points out, however, is that the OF hog so much of the Sky money for themselves that even a massively-reduced deal from terrestrial broadcasters would be more evenly distributed in a notional post-Rangers world, and so would likely end up with the smaller teams seeing fairly similar amounts of money to what they get now.
By way of illustration of the sort of sums involved, we examined the 2010 public accounts of Motherwell, who finished 6th in the SPL in 2010/11. Their total income from TV and radio was just over £1.2m. We’d imagine the bulk of that came from the Sky deal, but some will also be from elsewhere, eg the BBC rights to highlights packages and radio coverage. Arbitrarily, then, let’s say Sky is worth £1m a year to Motherwell, out of the total £16m that Sky pay the SPL every year.
A typical home game at the average 2010/11 Fir Park attendance of 5,660 will generate something very roughly in the region of £225,000. If Sky disappeared and nobody took up the live-TV rights at all, the club would need to either play four extra home games OR attract an extra 1300 fans to each game to compensate, OR reduce its annual wage bill of a startling £3.3m, or some combination of the three.
In a more competitive league with more chance of European football, that’s hardly an impossible dream – for reference, in 2007/08 when Motherwell finished 3rd their average attendance was around 1000 higher, at 6,600. The further 300 extra was achieved as recently as 2004/05.
But even beyond that, the data in the early part of this feature (which is broadly reflected for all other Scottish sides, not just Aberdeen, but we’d be here all day if we were to list every one) proves that the crucial core principle remains the same – a team with a better chance of even the mildest definition of success, eg qualifying for Europe or reaching a domestic cup final, will see a large upshoot in its attendance figures, and more than enough to compensate for the less-frequent visits of Rangers/Celtic fans or a drop in TV money. And the prime driver of that increased prospect of success is the weakness (or absence) of at least one of the Old Firm.
For all the commentators asserting that Scottish football would collapse – either in footballing terms or economic ones – should Rangers FC not make it out of season 2011/12 alive, the numbers simply don’t add up.
http://wingsland.podgamer.com/why-scotland-doesnt-need-rangers/
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Interesting take if you can be arsed with the long read.
http://wingsland.podgamer.com/why-scotland-doesnt-need-rangers/
Which was posted a few days ago.
As for the Salmond bashing as I said before all politicians are at it, Salmond, Labour no-marks, Cameron the lot. Idiots the lot of them.
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Which was posted a few days ago.
As for the Salmond bashing as I said before all politicians are at it, Salmond, Labour no-marks, Cameron the lot. Idiots the lot of them.
Ah apologies, didn't see it.
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I couldn't give a shite what ANY politician thinks about this. The two things are unrelated.
Back to the point. Are the cunts any closer to being over yet? *popcorn*
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Ah apologies, didn't see it.
I meant to add, although I can see the argument that no huns in Scottish football may be a bad thing <spit> having a poor rangers in the spl would be a bloody good thing. From that article I would take that when one of the OF are poor there is much more competition and excitment in the league, more likely a repeat of the 90s than the 80s due to sellicks dominance but seeing rangers bounce around midtable for a few years would be as entertaining, if not more, than them going bust completely......fingers crossed.
As for TV audiences and interest in our league from outside Scotland, can't imagine anyone cares, OF or not, we need to be getting the locals interested for a start.
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http://www.thescottishsun.co.uk/scotsol/homepage/news/4135658/Craig-Whyte-advisor-is-a-porn-star.html
You could not make it up. :lolabove:
:lolabove:
(http://img.thesun.co.uk/multimedia/archive/01455/scot-caro_1455159a.jpg)
Most of his sexploits are too graphic for a family newspaper. :rofl:
But in one scene the self-styled stud has a FOURSOME with a latex-clad Katwoman, another woman and a second man dressed as Batman
At one point THREE scantily-clad blondes perform a sex act on a clearly delighted Baxendale-Walker.
He also romps with a blonde Wonder Woman and a girl in a leopard-print outfit.
The DVD blurb says "This is an action-packed, sex-filled adventure. It's not just chases, fights, explosions and action, It's also some of the hottest sex and group sex from the nastiest villains and heroes around!!"
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From today's Guardian web:
The Sheffield Wednesday chairman, Milan Mandaric, says he is shocked and disappointed by reports that he is interested in buying Rangers.
The BBC and the Yorkshire Post are among those to suggest the Serbian had contacted Rangers' administrators to register his interest in the club, but Mandaric has moved to flatly deny the reports.
"I am aware and shocked at the media reports today linking my name to an inquiry over the potential purchase of Glasgow Rangers Football Club," he said in a statement.
"First and foremost, I can categorically deny that there is any substance to these stories and I am disappointed that such articles are printed without any foundation whatsoever. I have never had any dialogue or contact to anyone relating to Glasgow Rangers.
"Glasgow Rangers is a huge football club with a great heritage and history, but I already have that that here at Sheffield Wednesday. For clarity, I have not instructed any of my associates to register an interest in the administration process at Glasgow Rangers and I have no interest, now or in the future, of becoming involved in the club."
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"I have no interest, now or in the future, of becoming involved in the club."
Good call. Let those bastards fester in their administration hell!
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amazingly enough, Paddy Power have installed the huns as Even money favourites for next season's league title.
Second favourites at 2/1 are Peterhead.
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Another statement from Whyte.
RANGERS chairman Craig Whyte has this afternoon released the following statement:
WHEN I took over as majority shareholder of Rangers in May last year, I knew I had been handed a huge privilege - and an enormous responsibility. My intention then was to do everything I could to safeguard the club's future. And that remains my intention today.
The traumatic events of the last few days have, understandably, led to a great deal of angst and uncertainty as well as firestorm of media speculation, much of it ill-formed and some of it downright malicious.
That an internationally-renowned institution such as Rangers should find itself in administration is bound to create shockwaves, particularly among the club's magnificently-loyal fans, and I fully understand their anxiety.
As chairman, I have been at the centre of this firestorm - and quite rightly so. I knew when I stepped up to take over the club that the challenge of restoring Rangers to financial health after many years of living well beyond its means would be daunting. But I accepted it, both as a life-long Rangers fan and as a businessman with experience in turning round companies in distress.
The decision to call in the administrators was painful but it was the right thing to do. They have promised to publish a full report as soon as possible and I very much welcome that. In spite of the endless speculation and attempts at character assassination by certain sections of the media, I am 100% confident that the administrators' report will prove that every penny that has come in and gone out of Rangers has been properly accounted for. And I wish to state categorically for the record now that I personally have not taken a single penny out of Rangers since I became chairman and have paid all my expenses from my own funds.
Today I learned that my predecessor, Alastair Johnston, has urged the Crown Office to order an investigation into my takeover of the club. Again, I have absolutely nothing to fear because any fair investigation will prove that I have always acted in the best interests of Rangers and been involved in no criminal wrong-doing whatsoever.
While the administrators get on with their work, it is only right that they are given the time and space they require to complete their task. That is why I have decided to take a step back from events so that I do not become a distraction to either that process or to Ally McCoist and the players.
Regrettably, I will not be attending tomorrow's match against Kilmarnock. Although I would dearly love to be at Ibrox for the game, my priority is, and will continue to be, to assist the administrators in any way I can to bring this process to as speedy a conclusion as possible.
Painful though it is for all concerned, administration now gives Rangers a fighting chance - a welcome breathing space - to fix major structural problems that will allow the club to grow and prosper again both on and off the field.
So I send Ally McCoist and the team my very best wishes for tomorrow. And I will end by simply saying to Rangers fans: I know that tomorrow you will prove why you are the best football fans in the world.
Statement from joint administrator David Whitehouse of Duff & Phelps:
CRIAG WHYTE has co-operated with us since our appointment as administrators and we believe his announcement brings further stability to the situation as we conduct the administration of Rangers' business.
As administrators we will continue to ensure the Club's business is run seamlessly as a plan to exit administration is developed.
(http://www.welovetheiraqiinformationminister.com/images/07-minister.jpg)
He hasn't personally taken a penny from AFC. But many of his numerous companies have.
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:lolabove:
(http://img.thesun.co.uk/multimedia/archive/01455/scot-caro_1455159a.jpg)
So by night he screws busty porn stars by day he screws Glasgow Rangers.
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http://www.bbc.co.uk/sport/0/football/17079011
The Scottish Football Association are to hold an independent inquiry into the activities of Rangers.
In December, the SFA said they would investigate Craig Whyte after the Rangers owner admitted that he had been disqualified as a company director.
Now Rangers are in administration, the governing body say they are looking into "potential breaches of the SFA's articles of association".
"We are concerned by the developing situation," read an SFA statement.
"New information has come to light since the appointment of the club administrators, Duff and Phelps. The chairman and his panel will be briefed by the chief executive, Stewart Regan, next week and will consult further with the administrators, Duff and Phelps, as part of their inquiry.
"We have been guaranteed full co-operation by Paul Clark, representing the company.
"The Scottish FA's previous efforts in obtaining information relevant to the Fit and Proper Person requirement has been restricted by the club's solicitors' continued failure to share information in a timely or detailed manner.
"We now feel there is no option but to undertake an independent inquiry to establish the clear facts and to determine the extent of any possible rules breaches."
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http://www.heraldscotland.com/news/home-news/police-probe-rangers-takever-as-administrators-hunt-missing-millions.2012028949
Police are to investigate Craig Whyte’s takeover of Rangers. The Strathclyde force has been handed a dossier of information surrounding Whyte’s purchase of the club from Sir David Murray last year.
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SPL block Daniel Cousin signing.
:wave:
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http://www.scotprem.com/content/default.asp?page=s2&newsid=11079&back=home
The SPL was at 3.26pm today presented with a contract between Daniel Cousin (“the Player”) and Rangers FC dated 17 February 2012, signed by the Player and by Paul Clark, the Joint Administrator of The Rangers Football Club plc (in Administration).
In terms of SPL Rule A6.20, the consent of the Board of the SPL was required for the Registration of the Player with the SPL. The Board of the SPL declined to give that consent.
Accordingly the Player is not Registered with the SPL and is not eligible to Play in SPL Matches. Rangers FC have the right to appeal this decision to the Judicial Panel of the Scottish FA.
Notes
A6.20 Except with the consent of the Board and that only where (i) the term of a Player’s contract of service with his Club has expired and such contract has not been renewed or extended or such a contract has terminated with the mutual consent in writing of the Club and the Player concerned and, in either case, the registration of such Player with the League in terms of Section D of the Rules has been cancelled and a replacement Player is sought to be registered to replace the Player whose contract has so expired or been terminated; or, (ii) where the Player sought to be registered is a temporary replacement for a goalkeeper who is unable by reason of injury or illness to play and that only where written confirmation of such inability shall have been obtained by the Club from a qualified medical practitioner and submitted to the Board and the Board is satisfied that the Club concerned has no other goalkeeper who is registered and able to play, a Club that has taken, suffered or has been subject to an Insolvency Event or Events shall not be entitled or permitted to register any Player with the League and the League shall not register such a Player in terms of Section D of the Rules until such Insolvency Event or events shall no longer continue or subsist.
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Did you see the Huns greeting on the STV news about how now if the buy a season ticket in the next 4 years that the money goes to Ticketus and not to the club, even suggesting that it would put them off buying one. Don't they understand the concept of a loan? They just got given £24M just like that for doing fuck all. These people make me cringe, just go bust then fuck off and die please
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(https://p.twimg.com/Al4PK1ACQAEsNoV.jpg)
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Thats the best one yet ;D
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I have a present for you...
http://www.youtube.com/watch?v=-HyPCe73fdw
I couldn't be arsed trawling back through all the shite to see if this had been offered before. You're right capitalsharpie. Don't let them get you down. Salmond is quite obviously a prick but tell me what politician isn't? But compared to Blair and Brown? No contest.
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:lolabove:
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1-0 down at home to killie
:rofl2: :dance:
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(http://mazda626.net/uploads/img-274016-2-roflcopter.gif)
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Follow the money......
(http://images.wikia.com/thewire/images/4/47/Freamon.jpg)
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1-0 down at home to killie
:rofl2: :dance:
1 man down at home to killie
(http://aletheakinsela.files.wordpress.com/2011/11/if-you-fail2.jpg)
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It's painful laughing this much
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0-1 FT.
:lolabove:
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(http://files.sharenator.com/cup_of_LOL_LOL-s448x394-48055-580.gif)
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(http://i42.tinypic.com/f1jj0w.gif)
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I have a present for you...
http://www.youtube.com/watch?v=-HyPCe73fdw
I couldn't be arsed trawling back through all the shite to see if this had been offered before. You're right capitalsharpie. Don't let them get you down. Salmond is quite obviously a prick but tell me what politician isn't? But compared to Blair and Brown? No contest.
???
Blair is an utter cunt of a man but as far as I'm aware has not waded into the Rangers debate, hence why there was a discussion about Salmond in this thread.
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???
Blair is an utter cunt of a man but as far as I'm aware has not waded into the Rangers debate, hence why there was a discussion about Salmond in this thread.
Is the point. :thumbsup:
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Big lol @ huns :D
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:lolabove:
(http://img.thesun.co.uk/multimedia/archive/01455/scot-caro_1455159a.jpg)
While his mate is shagging the honeys he is shagging the huns
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The fans turned out in force to naively show support for the cause. Of course that means the party songs were in full effect - even actual journalist have mentioned that.....on twitter....not in the actual media of course....
Nothing bad enough could possibly happen to rangers for the scum to get what they deserve. Also shows up the bullshit publicity stunt that the anti-bigot law is. If it needs stamped out then let the bigots fucking die!
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Maybe the gloryhunters there today did not know about the banned songs as it looks like most of them were at their first game since the 80s
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Heres the new song for rankgers to run out
http://www.youtube.com/watch?v=WCkOmcIl79s
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Maybe the gloryhunters there today did not know about the banned songs as it looks like most of them were at their first game since the 80s
I expect we'll be seeing attendances from the 80s before long :thumbsup:
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A pound coin was thrown onto the pitch at Ibrox yesterday. Police are trying to determine whether it was a missile or a takeover bid
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A pound coin was thrown onto the pitch at Ibrox yesterday. Police are trying to determine whether it was a missile or a takeover bid
lol
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The fans turned out in force to naively show support for the cause. Of course that means the party songs were in full effect - even actual journalist have mentioned that.....on twitter....not in the actual media of course....
Nothing bad enough could possibly happen to rangers for the scum to get what they deserve. Also shows up the bullshit publicity stunt that the anti-bigot law is. If it needs stamped out then let the bigots fucking die!
See article from Scotland on Sunday which clearly highlights the wrong doings of the friendly chappies down Govan way....................
By Andrew Smith
Published on Saturday 18 February 2012 17:36
A SORRY end to the sorriest of weeks for Rangers. It was somehow expected that administration and the ensuing adversity would inspire Rangers on the field.
In normal times, that might well have been the case. But these aren’t normal times. Aside from the fact the stadium was full and in, at times worryingly, full voice, this really was a return to the 1980s for the club – but with the added grimness of possible financial oblivion.
In past seasons, through all sorts of crises, the pitch has proved a sanctuary for Rangers. Yesterday, it was a purgatory. They certainly weren’t helped by losing Sasa Papac to a straight red card for a reckless challenge on Liam Kelly three minutes before the interval, or being denied a goal when referee Iain Brines ruled out a Lee McCulloch header for a foul elsewhere on goalkeeper Cammy Bell, but they didn’t help themselves.
Now 14 points adrift of Celtic and only six in front of third-placed Motherwell, it is an easy get-out for them to claim that the ten-point deduction and the threat of redundancies ate into energy or concentration. But the reality is that with yesterday being the eighth time this season they have failed to win at home, their latest shapeless, directionless display was merely a continuation of the deficiencies at their core.
Manager Ally McCoist lamented that they could not register a victory for their beleaguered support. “It is really, really painful,” he said, acknowledging that up front, without the departed Nikica Jelavic, and injured Kyle Lafferty and Steven Naismith, they lacked “class and power”. He praised their application in the second period, as they sought redress following Dean Shiels’ 12th-minute strike, but conceded it was “huff and puff” more than anything else.
Kilmarnock were so much more measured and menacing, at least in the first half, than their hosts.
As both their manager Kenny Shiels and his goalscoring son said afterwards, they broke quickly and purposefully on an opposing defence that were left flat-footed when Paul Heffernan worked his way down the left channel and crossed for his strike partner. Shiels, from the edge of the area, cut inside Lee Wallace and slid a low drive past Allan McGregor’s right.
The Ayrshire club then had opportunities to add to their advantage, Heffernan and Jamie Fowler passing up good openings, and the frustration felt by a Rangers team simply unable to get going was perhaps reflected by Papac going with his foot up on Kelly to end his afternoon. When referee Brines followed this up by disallowing a McCulloch header into the roof of the net, chants of “who’s the Fenian in the black?” rang round the ground. It continued a tone set earlier on.
Initially, the manner in which a packed Ibrox put throats and feeling into their shows of support for team and club was genuinely heart-warming.
It was surely in a knowing fashion they gave extra decibels to the “spend your last dime” line in their anthem Penny Arcade. That segued into “Super Ally”, “We Love You Rangers” and then “Derry’s Walls”, with its apposite theme of “no surrender”. So far, so acceptable.
It didn’t last, though. Soon, they spat out “Fenian bastards” in their “Super Rangers” ditty, following that up with the “Billy Boys”, with their “up to our knees in Fenian blood” phrase that is proscribed in the SPL’s acceptable conduct charter and landed them in bother with UEFA.
The fact is that a section of the Rangers support crave their club’s survival so they have an outlet for their bile and are as unpalatable as their current, gone-to-ground owner.
Kilmarnock manager Shiels praised the Ibrox support but admitted his euphoria from the day came in silencing them after the title was won at Rugby Park on the final day of last season. “I’ve been hurting inside since last May, as have the players,” he said, labelling his team’s efforts “fantastic”. “When you watch Rangers coming to Kilmarnock and after seven minutes I see our supporters walking down the steps to leave the ground, I thought I would never be able to pay them back. Ayrshire is a Rangers area – to have them come to our patch and win the championship was fantastic for them but for our supporters it was hard to take. I didn’t think I could ever be able to make amends for that. Now we’ve done the double over them for the first time as an SPL club so I hope that has gone some way to paying them back.”
Rangers could be suffering payback time for their recent travails for a long time to come, meanwhile.
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A PROBE into Rangers’ finances has revealed a £250,000 payment to an ex-bankrupt’s company linked to an amateur football club.
The payment was made in August to a firm run by Aidan Earley, one of Craig Whyte’s associates, the Record can reveal.
We previously exposed a bizarre tie-up between the Glasgow giants and English side Banstead AFC.
And now the scale of the financial relationship has been uncovered, just days after it was revealed that Rangers had failed to stump up £9million to the taxman in VAT and PAYE.
The £250,000 was paid into an account in the name of Regenesis-Banstead Athletic FC.
Earley, 44, who was bankrupted at the age of 22, and his brother Wulstan, 49, are involved with various firms operating under the Regenesis name.
And Earley claimed when we revealed the Banstead link that Whyte hoped to groom future Rangers stars through the obscure English club.
The latest revelation will astound Ibrox fans who watched their struggling team lose to Kilmarnock on Saturday.
And manager Ally McCoist will be furious, especially when he was denied money for a badly needed striker in the January transfer window.
The Ibrox side were plunged into administration last week after it was revealed Whyte had run up £9million of debt by failing to hand over VAT and PAYE on wages.
Administrators Duff and Phelps have put top men Paul Clark and David Whitehouse in pursuit of the missing millions.
It is believed they will be summoning Rangers’ directors to answer “serious questions”.
Clark has admitted he does not know where the £24.4million Whyte raised by mortgaging off four years of season tickets to London firm Ticketus has gone.
But the money was placed in the client account opened up by London lawyers Collyer Bristow when Whyte started his Rangers takeover.
And the £250,000 which went to Regenesis-Banstead Athletic AFC was taken from that same account.
Gary Withey, who became Rangers’ company secretary when Whyte took over last May, is a partner in Collyer Bristow.
He will no doubt be one of the people whom the administrators will want to ask why a chunk of money was paid out to the English league minnows.
Duff and Phelps are also trying to find out how Whyte found £18million to pay off a debt to Lloyds Bank – and if any of the cash came from the Ticketus deal.
Whyte insists it came from his own wealth. But the weeks – maybe months – ahead at Ibrox are likely to be confrontational. And there could also be a bitter struggle for control.
It’s believed Whyte ignored advice on how to settle with the taxman before being tipped over the edge last Tuesday.
One of Earley’s Regenesis companies acts as kit sponsor for Banstead, who play in front of crowds of about 30 in the Combined Counties Premiership in Surrey.
And Earley confirmed a tie-up between Rangers and Banstead, suggesting the English team would act as a feeder club, when we revealed the link earlier this month.
Venture capitalist Earley said: “The context in which you refer to me is a possible involvement of Rangers with Banstead Athletic Football Club.
“This is a project for developing young talent and has been two years in the making.”
Rangers fans, who staged a massive show of defiance at Ibrox on Saturday, will want to know why the £250,000 was paid from the account where the millions raised against their season tickets was deposited.
Earley denied at the time that Rangers had provided any funds to Banstead.
And Banstead chairman and owner Terry Molloy claimed he knew nothing of Whyte’s involvement. He added of Earley: “We are just a small club and Aidan is a small part of it.”
The Earley brothers are friends of Whyte and have been co-directors in some ventures.
A third Earley brother, Brendan, who died recently, was Whyte’s right-hand man with Vital Holdings.
It was dealings under the Vital Holdings banner that led to Whyte being banned as a director for seven years in 2000.
A Rangers source said at the time: “People are scratching their heads about the sense in getting involved with a backwater team. If they want to invest in youth, they have their own academy.
“If they want some kind of exchange set-up, would it not be better to get into a relationship with Real Madrid or AC Milan than Banstead Athletic?”
Rangers declined to comment on the latest revelations last night.
Fucking hell, murkier and murkier . . .
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???
Blair is an utter cunt of a man but as far as I'm aware has not waded into the Rangers debate, hence why there was a discussion about Salmond in this thread.
You must have missed it. Everyone knows Salmond jumped in and made an arse of himself over this. Everyone also agrees that Brown and Blair are utter cunts. There is no discussion possible on these points of fact. If you re-read the record however, you'll see that there was anything but any "discussion" developing due to the infantile treatment of the poster known as capitalsharpie by others. Worse, the insulting posts directed at him STOPPED any debate possibilities in their tracks, as they have so often in the past, as they were intended to and just right in character. But you must have missed it, like you miss EVERYTHING you balloon of a man.
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One of Earley’s Regenesis companies acts as kit sponsor for Banstead, who play in front of crowds of about 30 in the Combined Counties Premiership in Surrey.
And Earley confirmed a tie-up between Rangers and Banstead, suggesting the English team would act as a feeder club, when we revealed the link earlier this month.
A sign of things to come? ;D
*fingerscrossedsmilie*
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A PROBE into Rangers’ finances has revealed a £250,000 payment to an ex-bankrupt’s company linked to an amateur football club.
The payment was made in August to a firm run by Aidan Earley, one of Craig Whyte’s associates, the Record can reveal.
We previously exposed a bizarre tie-up between the Glasgow giants and English side Banstead AFC.
And now the scale of the financial relationship has been uncovered, just days after it was revealed that Rangers had failed to stump up £9million to the taxman in VAT and PAYE.
The £250,000 was paid into an account in the name of Regenesis-Banstead Athletic FC.
Earley, 44, who was bankrupted at the age of 22, and his brother Wulstan, 49, are involved with various firms operating under the Regenesis name.
And Earley claimed when we revealed the Banstead link that Whyte hoped to groom future Rangers stars through the obscure English club.
The latest revelation will astound Ibrox fans who watched their struggling team lose to Kilmarnock on Saturday.
And manager Ally McCoist will be furious, especially when he was denied money for a badly needed striker in the January transfer window.
The Ibrox side were plunged into administration last week after it was revealed Whyte had run up £9million of debt by failing to hand over VAT and PAYE on wages.
Administrators Duff and Phelps have put top men Paul Clark and David Whitehouse in pursuit of the missing millions.
It is believed they will be summoning Rangers’ directors to answer “serious questions”.
Clark has admitted he does not know where the £24.4million Whyte raised by mortgaging off four years of season tickets to London firm Ticketus has gone.
But the money was placed in the client account opened up by London lawyers Collyer Bristow when Whyte started his Rangers takeover.
And the £250,000 which went to Regenesis-Banstead Athletic AFC was taken from that same account.
Gary Withey, who became Rangers’ company secretary when Whyte took over last May, is a partner in Collyer Bristow.
He will no doubt be one of the people whom the administrators will want to ask why a chunk of money was paid out to the English league minnows.
Duff and Phelps are also trying to find out how Whyte found £18million to pay off a debt to Lloyds Bank – and if any of the cash came from the Ticketus deal.
Whyte insists it came from his own wealth. But the weeks – maybe months – ahead at Ibrox are likely to be confrontational. And there could also be a bitter struggle for control.
It’s believed Whyte ignored advice on how to settle with the taxman before being tipped over the edge last Tuesday.
One of Earley’s Regenesis companies acts as kit sponsor for Banstead, who play in front of crowds of about 30 in the Combined Counties Premiership in Surrey.
And Earley confirmed a tie-up between Rangers and Banstead, suggesting the English team would act as a feeder club, when we revealed the link earlier this month.
Venture capitalist Earley said: “The context in which you refer to me is a possible involvement of Rangers with Banstead Athletic Football Club.
“This is a project for developing young talent and has been two years in the making.”
Rangers fans, who staged a massive show of defiance at Ibrox on Saturday, will want to know why the £250,000 was paid from the account where the millions raised against their season tickets was deposited.
Earley denied at the time that Rangers had provided any funds to Banstead.
And Banstead chairman and owner Terry Molloy claimed he knew nothing of Whyte’s involvement. He added of Earley: “We are just a small club and Aidan is a small part of it.”
The Earley brothers are friends of Whyte and have been co-directors in some ventures.
A third Earley brother, Brendan, who died recently, was Whyte’s right-hand man with Vital Holdings.
It was dealings under the Vital Holdings banner that led to Whyte being banned as a director for seven years in 2000.
A Rangers source said at the time: “People are scratching their heads about the sense in getting involved with a backwater team. If they want to invest in youth, they have their own academy.
“If they want some kind of exchange set-up, would it not be better to get into a relationship with Real Madrid or AC Milan than Banstead Athletic?”
Rangers declined to comment on the latest revelations last night.
Fucking hell, murkier and murkier . . .
Fantasisits.
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http://forum.rangersmedia.co.uk/index.php?showtopic=211521
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http://forum.rangersmedia.co.uk/index.php?showtopic=211521
They never learn do they.
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http://forum.rangersmedia.co.uk/index.php?showtopic=211521
Dear Mr Cameron/Salmond/Regan
Do you agree with the fine comments of the fans of an important part of our society?
:wanker:
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I was thinking. If Rangers vs Celtic 4 times a year is stipulated in Sky's tv deal then surely this is also the main stumbling block in expanding the league. More teams means play each other twice and no tv deal... So surely if the huns do goto fuck and there a choice to let them back in the SPL or div 3 then boards must reject them into the SPL and get the league expanded asap. Surely despite what peoples views are on whether the league needs Rangers on not that most agree that we need to expand the league and have a pyramid system. This would be the perfect oppurtunity.
And lets not kid ourselves, the Huns will be back in no time anyway. Hopefully by then the bigger league is successful and that attracts tv deals...
Okay, I'm getting a bit carried away but this could be the best thing to happen for the long term future of our game
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http://forum.rangersmedia.co.uk/index.php?showtopic=211521
WTF?????
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You must have missed it. Everyone knows Salmond jumped in and made an arse of himself over this. Everyone also agrees that Brown and Blair are utter cunts. There is no discussion possible on these points of fact. If you re-read the record however, you'll see that there was anything but any "discussion" developing due to the infantile treatment of the poster known as capitalsharpie by others. Worse, the insulting posts directed at him STOPPED any debate possibilities in their tracks, as they have so often in the past, as they were intended to and just right in character. But you must have missed it, like you miss EVERYTHING you balloon of a man.
If there's no debate possible, then fucking dry up. We had accepted this before CP waded in with an SNP broadcast.
the insulting posts directed at him STOPPED any debate
you balloon of a man
Well done.
Anyway, Banstead Athletic? Megalol, like giving Glencairn Juniors quarter of a mill!! Brilliant, this just gets better and better!!
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Anyway, Banstead Athletic? Megalol, like giving Glencairn Juniors quarter of a mill!! Brilliant, this just gets better and better!!
I've been playing this song a lot the past week
http://www.youtube.com/watch?v=-U2NCHScnMI
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:lolabove:
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http://www.bbc.co.uk/news/uk-scotland-scotland-business-17105626 (http://www.bbc.co.uk/news/uk-scotland-scotland-business-17105626)
Yet another nail . . . .
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They really do have some horrible cunts following them don't they?
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The One's shows coverage of it made me sick. Scum bags.
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If there's no debate possible, then fucking dry up. We had accepted this before CP waded in with an SNP broadcast.
Well done.
Same boring old pattern. It wasn't your argument. Christ, you thrive on internet conflict. The void of love in your life will not get filled in this manner.
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Same boring old pattern. It wasn't your argument. Christ, you thrive on internet conflict. The void of love in your life will not get filled in this manner.
I know but by fuck it makes up for a complete absence of it.
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I know but by fuck it makes up for a complete absence of it.
You are not making any sense now.
I think you're fucked mate.
You spent years fucking over anyone who was different on this site with something to say.
They, the men, tolerated you reluctantly whilst you tolerated no-one.
Now your implosion is so far beyond tragic, it's comic.
A Fudster who's never known the beauty of community, let alone the community of a tenement.
Geeky wimp virgin with no mates is the overwhelming truth.
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Here was me thinking the Huns dying on their arse would be the funniest thing I'd read.
Are these kinds of posts some attempt at avoiding the truth of your own life?
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Wouldn't be surprised to click on one of these news links and find Rocket embroiled in one of these Hun fuck ups.
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(https://p.twimg.com/AmLAg4yCEAA9Ku3.jpg)
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Some guy called Brian Kennedy is being mentioned about taking over Rangers.
Not sure who he is, but there is a guy who owns Sale Sharks and Cheshire Sports - which it probably is.
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(https://p.twimg.com/AmLAg4yCEAA9Ku3.jpg)
:lolabove:
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Same boring old pattern. It wasn't your argument. Christ, you thrive on internet conflict. The void of love in your life will not get filled in this manner.
(http://thumbs.dreamstime.com/thumblarge_400/1242660097WoKe45.jpg)
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DUFF and Phelps, Administrators of Rangers Football Club, today issued the following statement.
David Whitehouse, joint administrator, said: "Since being appointed administrators last week there has been widespread concern raised with us, not least by Rangers supporters and season ticket holders, about the agreement between the Club and Ticketus.
"Following information received, it is now apparent that the proceeds from the Ticketus arrangements amounted initially to a sum in the region of £20 million plus VAT. Subsequently, £18 million was transferred to the Lloyds Banking Group.
"The application of the remainder of these proceeds is subject to further examination.
"We are now investigating all the circumstances surrounding both the purchase of the majority shareholding in Rangers Football Club plc and the flow of funds which stemmed from the transaction and were intended to fulfil the purchasers' obligations at the time of the sale.
"We cannot comment further on these matters while enquiries continue."
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Rangers owner Craig Whyte has issued a statement responding to the club's insolvency and speculation surrounding his takeover and future plans for the club.
The statement read: "Craig Whyte today promised that if he emerges from administration still in control of Rangers FC that he will give immediate consideration to gifting the majority of his shares to a supporters’ foundation.
And he provided detailed answers to the blizzard of questions and allegations that have surrounded his decision to put the club into administration a week ago.
TICKETUS
On the Ticketus arrangement he said that, it was ‘without any shadow of a doubt, the best deal for Rangers.’
The Ticketus funds, which amounted to £20 million plus VAT, was agreed as bridging finance while negotiations with HMRC were under way to try to reach a compromise on both the ‘wee’ and ‘big’ tax cases.
Mr Whyte said: ‘The arrangement with Ticketus – which was a three-season deal NOT four, as has been reported – was originally to provide additional working capital as had been the case previously under the old board. My corporate advisors came to me with the proposition that it was entirely possible, as well as highly beneficial, to negotiate a deal with Ticketus that would allow us to complete the takeover and maximise working capital for the club’s day-to-day business.
‘The Ticketus deal was by far the best way to protect the club given the circumstances in that they have no security over any assets. The only person at risk from the deal is me personally because I gave Ticketus personal and corporate guarantees underwriting their investment; the club and the fans are fully protected. In terms of exposure, I am personally on the line for £27.5 million in guarantees and cash.
‘By any stretch of the imagination that is a very substantial commitment to the football club of which I have been a supporter since I was a boy and dearly wish to see through this crisis so that Rangers emerge as a financially fitter and stronger institution. I am the biggest stake-holder in Rangers and I face huge financial losses personally if the restructuring fails or is not allowed to proceed.
‘Despite the frenzy of media speculation and misinformation everything I have done has been with the best interest of this football club at heart. Any suggestion that I am trying to make a fast buck or have indulged in illegal manoeuvring is clearly ludicrous.’
PROOF OF FUNDS
As far back as November 2010, at the start of the takeover plans and long before there was any discussion about approaching Ticketus, Sir David Murray and Lloyds Banking Group were provided with – and were satisfied with – proof of funds amounting to £33 million. It was several months later, when negotiations were still on-going that the proposed Ticketus deal – ‘100 per cent the best deal for Rangers’– was mooted.
‘There is nothing irregular or untoward about it, much as certain sections of the Press would like everyone to believe,’ said Mr Whyte. ‘In business terms it makes perfect sense and is the best possible deal for the club.
‘I regret now not making the arrangements more transparent, but at the time I regarded it as I do with all my other business dealings, as a confidential transaction. In retrospect I should have been completely open about it, but I’m not sure Ticketus would have been very happy about their confidentiality being breached. In any event, the deal was, and still is, fully guaranteed by me so the accusation that I paid the bank debt without any personal inancial commitment is just plain wrong and quite ridiculous. This was a way of trying to maximise working capital for the club.
‘It also has to be remembered that this was not me working alone and in isolation. I hired top-rate corporate, financial, legal and tax specialists to guide me through this process and when you’re paying for that kind of advice, it would be daft not to follow it.’
£9 MILLION PAYE AND VAT ISSUE AND THE BIG TAX CASE
Craig Whyte explains: ‘It is simply not true to say that Rangers or I have reneged on paying these liabilities since the takeover. The truth is that around £4.4 million of the £9 million demand is, in fact, the ‘wee tax case’, including penalties, and which is in dispute. We offered to pay £2.5 million of the PAYE and VAT up front with the remainder at £500,000 a month, but HMRC flatly rejected that.
‘On the big tax case – and, of course, no one yet knows whether that has been won or lost or how much the liability would be – we wanted HMRC to confirm that they would accept repayments of £2.5 million a year if we lost. But again they said, “No”’.
'Given that HMRC had seen fit to reach agreements with huge corporations owing far more than Rangers – Vodafone, for example – it was difficult to understand why they were being so inflexible unless, of course, they were simply determined to make an example of Rangers.
‘In these circumstances it would have been far too risky to pump further funds into the club while the result of the EBT tax case remained unresolved.
‘People need to understand that the big tax case has had, and continues to have, a huge bearing on Rangers’ future and that I have done everything in my power to safeguard the club against the possible outcomes which could have included the possibility of Rangers being forced into liquidation. Anyone who pretends that this has somehow been my goal as either a fool or has a particularly sharp axe to grind.
‘Remember also, that HMRC had frozen some our bank accounts while we were in dispute. On top of that we had other funds frozen because of legal claims by certain former members of the board all of which contributed to why we fell into arrears on our monthly PAYE liabilities.
‘Negotiations with HMRC about trying to reach a compromise on the EBT case continued right up until the very last minute, but HMRC would have none of it – if they had, that would have released further funds and we could have avoided administration. I understand why the fans are angry and believe that I am to blame, but in the position we find ourselves in meant that administration was the only option.’
HISTORICAL FINANCIAL PROBLEMS
‘The fact is that Rangers, had they not gone administration now for the reasons I have given, would have done so some time in the future whoever the owner was because they could not go on funding losses of up to £15 million a year. People seem to forget that the previous board under Alastair Johnston were talking seriously about administration two years ago. If things had turned out differently with HMRC, then I seriously believe I had the correct plan that would have avoided administration and put Rangers back on a sound financial footing.
‘Of course, there would have been some pain especially after the spendthrift days when the massive debts were run up in the first place – but that’s the hard facts of life.’
FANS’ DEAL AND FUTURE INVESTMENT
‘If I can succeed in coming through this administration process I am very keen on the idea of gifting the majority of my shares to a supporters’ foundation. It makes a lot of sense, but fan ownership would work only after the current process if completed because the club has to get into a position where it is running at break-even in order for that prospect to be viable.
‘I am open to all serious offers of outside investment. Indeed, I am currently in active discussion with a number of potential bidders and investors. However, the reality is that every one of needs to have a final settlement of the big tax case one way or another.
‘I remain very confident that Rangers will emerge from this and move on in a much better position than it found itself in before the takeover. There is a lot of raw emotion at the moment, and that is understandable, but I’m sure people will look back on this and realise that I was absolutely right in what I did,
MY FUTURE INVOLVEMENT
‘I will not continue as Rangers Chairman post-restructuring. Regardless of administration and irrespective of the tax case, the club had serious long-term structural problems financially and they needed to be addressed with some urgency. I knew that when I stepped up to the plate and, despite the accusations and abuse that I have suffered over weeks and months, I was determined to see things through. I will admit there have been times when I have wished that I had never entertained the idea of taking over Rangers.
‘But I am a Rangers fan, and, like other Rangers fans I don’t do walking way [sic]."
http://sport.stv.tv/football/scottish-premier/rangers/298342-craig-whyte-statement-in-full/ (http://sport.stv.tv/football/scottish-premier/rangers/298342-craig-whyte-statement-in-full/)
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Looking more and more like we all suspected from the outset, Whyte has not put in a penny and has stitched Der Hun up good and proper. Can't wait to find out exactly where Ticketus sit in all of this. They can't possibly have handed over £20m without some form of security or fall back position if this all went tits up. It just keeps getting better and better :thumbsup:
If as he states HMRC have refused any form of repayment schedule, then it would suggest ot me that they are still likely to play hard ball and not accept any form of payment on the pound, in which case liquidation awaits RFC.
Oh the irony of this horrible institution being taken down by HMRC will leave me laughing for many a year to come ;D
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(http://uppix.net/1/9/2/a505f653df79ab6b131236fb9c1e1.jpg)
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http://www.dailyrecord.co.uk/football/spl/2012/02/22/rangers-owner-craig-whyte-sells-off-102-years-of-ibrox-history-by-dumping-shares-in-arsenal-86908-23760448/ (ftp://www.dailyrecord.co.uk/football/spl/2012/02/22/rangers-owner-craig-whyte-sells-off-102-years-of-ibrox-history-by-dumping-shares-in-arsenal-86908-23760448/)
Fucking total asset stripper, this cunt has to be getting a bullet delivered the old fashioned way soon?!?! Lennon got one in the post for greeting about refs, this guy is killing their club!!
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I suggest a knighthood or key to the city of Aberdeen. ;D
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I suggest a knighthood or key to the city of Aberdeen. ;D
Aye, well that too obviously! ;D
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I think a banner saying "CRAIG WHYTE LEGNED" would be appropriate.
At least he has legs anyway.
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So he DID use the Ticketus money then?
So what will be their main source of income for the next 3 years?
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So he DID use the Ticketus money then?
So what will be their main source of income for the next 3 years?
Sponsorship/advertising if he hasn't used that already in some way.
TV Money
Hospitality
The Big Issue.
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Sponsorship/advertising if he hasn't used that already in some way.
TV Money
Hospitality
The Big Issue.
Sone Aluko?
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:lolabove:
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Sone Aluko?
He's started selling Team Cards round the pubs already....
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So he DID use the Ticketus money then?
So what will be their main source of income for the next 3 years?
It was for 100,000 season tickets over 4 years - so around 50% of the tickets in Ibrox.
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Just out of interest; when the administrators move in, who pays them to do their job?
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Sone Aluko?
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Just out of interest; when the administrators move in, who pays them to do their job?
As far as Im aware they actually claim their money from the assets of the company they are dealing with.
I believe the likes of Price waterhouse coopers were billing £500 per hour when they were winding up one of our previous clients. Longer the administration process takes the more they claim and the less the creditors get.
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http://www.bbc.co.uk/sport/0/football/17130755?utm_source=twitterfeed&utm_medium=facebook&utm_campaign=sportsound
SPL are to investigate the secretarian singing on Saturday
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As far as Im aware they actually claim their money from the assets of the company they are dealing with.
I believe the likes of Price waterhouse coopers were billing £500 per hour when they were winding up one of our previous clients. Longer the administration process takes the more they claim and the less the creditors get.
Tom to be honest in my experience of such matters, I'd state that £500 per hour is extremely light. I know of instances where the administration of a business on nothing like the level of Rangers FC can run into several hundred thousand pounds
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Tom to be honest in my experience of such matters, I'd state that £500 per hour is extremely light. I know of instances where the administration of a business on nothing like the level of Rangers FC can run into several hundred thousand pounds
Probably where the 6million from tickitus is heading then.. 18 mil to pay the bank, 6 mill for the admin team ( still mr whytes team as well) and they still will not pay the TAX or PAYE
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Tom to be honest in my experience of such matters, I'd state that £500 per hour is extremely light. I know of instances where the administration of a business on nothing like the level of Rangers FC can run into several hundred thousand pounds
If said hourly rate was correct PWC would have walked away with approx 8million from that property developer (b4 tax of course). I wouldnt say thats light.
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http://www.youtube.com/watch?feature=player_embedded&v=H8x_59EjZOs
Informative AND funny.
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:lolabove: :lolabove: :lolabove: :lolabove:
I didn't want that to end!
Superb.
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Fantastic.
And so accurate ;D
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:lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove: :lolabove:
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So it begins
http://www.bbc.co.uk/news/uk-scotland-17130775
Ex-Rangers chairman Alastair Johnston has written to the administrators, asking if Craig Whyte has met the obligations set out in his takeover.
The Ibrox club went into administration last week over an unpaid £9m tax bill.
On Tuesday, the administrators and Mr Whyte confirmed that money from future ticket sales had been used to pay off an £18m debt to Lloyds Banking Group.
Mr Johnson said Mr Whyte should lose secured creditor status and the debt Rangers owes him should be written off.
Mr Whyte bought Sir David Murray's majority shareholding in Rangers in May 2011, agreeing to pay off the £18m the club owed to Lloyds Bank Group.
Mr Johnston wrote to administrators, citing a written promise from Mr Whyte, which said that breaking the purchase terms would automatically extinguish the £18m Rangers debt which the financier took over from the bank.
It was disclosed on Tuesday that Mr Whyte's loan to Rangers was not funded with his own money but with another loan dependent on future season ticket sales.
Mr Whyte had previously denied that.
Mr Johnston believes administrators could remove Mr Whyte's claim on club assets, making it easier for them to move the club to new ownership.
Mr Johnston has already called on the administrators to investigate aspects of Mr Whyte's takeover of the club, and there is an inquiry being carried out for the Scottish Football Association.
But the latest letter from the former chairman cites a clause in the circular to Rangers shareholders issued in June 2011 by Mr Whyte which could lead to a challenge to his position as secured creditor, with first call on club assets.
While pledging funds for the club, including working capital and to develop the team player squad, Mr Johnston highlighted a clause that says the deal was "enforceable by both the club and the vendor", who was Sir David Murray.
It went on to say: "A breach of any undertakings given by the Rangers FC Group in the agreement will result in the debt acquired being automatically extinguished."
Mr Johnston's letter reminds the administrators, Duff and Phelps, that Sir David Murray has also raised these issues. The first time was in August, to which assurances came on 3 January.
Sir David has repeated his request for further clarity more recently.
With investors and supporters seeking ways to move Rangers out of administration, Mr Johnston points to Craig Whyte's "purported position as the primary secured creditor by dint of the £18m loan which he claims he has provided to the club on an unencumbered basis".
By that, the letter is understood to mean that the conditions of the sale required the payment for the Rangers debt should not be secured against other assets.
Yet it is now known that the loan was completed by borrowing against future ticket sales in a deal with a company called Ticketus.
If the club no longer owes £18m to Craig Whyte, Mr Johnston's letter said it should be easier to find a route out of administration.
Mr Whyte's statement, issued on Tuesday, said he had secured the loan from Ticketus - the London finance company from which the Rangers purchase was completed - with his own personal and corporate guarantees.
While it was in return for a share of ticket revenue over three seasons, Mr Whyte said none of the Ticketus deal was secured against Rangers assets.
A spokesman for Mr Whyte said he would not be responding to Mr Johnston's comments.
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Written off debt to Whyte, Ticketus are unsecured creditors. All coming together.
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Who the fuck lends Rangers £24m unsecured? ???
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I'm surprised nothing had come out from ticketus yet
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(http://oi40.tinypic.com/qq3l9l.jpg)
Pinched from Kelt.
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FEARS are growing that stricken Rangers could hit the buffers within days – because Craig Whyte’s lawyers won’t show them the money.
The Ibrox club’s crisis was deepening last night with administrators still waiting for vital clues which could lead them to as much as £4.5million.
Duff and Phelps’ experts have been on the paper trail of cash they believe belongs to Rangers since they took over the running of the club nine days ago.
And there are genuine fears that without this money the chances of Rangers surviving will be much slimmer.
The man who has so far failed to respond to pleas for help is Gary Withey – Rangers’ own company secretary.
This latest twist came as Dave King, a director Whyte tried to oust last week, jetted in for talks with the administration team and as ex-chairman Alastair Johnston questioned whether the Whyte takeover is still legally sound.
Johnston has written to the administrators looking for control of the club to be ripped from Whyte’s hands because the shamed owner may be in breach of his own takeover conditions.
But they’ll have to be quick, especially if the administrators continue to be blanked by Whyte’s lawyers.
Duff and Phelps’ duo Paul Clark and David Whitehouse are trying to track down money they reckon should still be in the Collyer Bristow client account set up to facilitate Whyte’s takeover.
But the joint administrators can’t get answers – even though Withey is a partner with Collyer Bristow.
Clark and Whitehouse have been trying to find out how much cash is sloshing around in the account but Withey hasn’t gone out of his way to assist and it’s now believed someone else has been put in charge of this part of his firm’s business.
The lack of financial clarity has made survival even tougher.
By close of play last night the team fighting to keep Rangers alive were still waiting for Collyer Bristow to play ball and disclose how much went in AND out of the account.
The Ticketus millions flowed through the account but there would have been more than just the £24.4m deposited in exchange for huge chunks of future season tickets.The strength of this ticket deal is likely to be challenged by the administrators but at a later date. The priority now is today and then each one after that as they strive to keep Rangers playing.
That’s why they must get their hands on every penny due to the club and it’s thought the £2.8m Whyte said he had to settle the “small tax bill” might still be in the account.
Whyte also said he had £1.7m for stadium refurbishment and that should also be there.
These are figures Whyte included in the takeover circular and they’re now seen as vital for Rangers’ survival.
But that same circular may now be used by those who believe Whyte could be ousted.
Record Sport has discovered he could be taken out if King – or any other Rangers shareholder – launch a court case against the validity of his takeover.
If it can be shown he has failed to deliver on his key pledges he could be legally challenged and that would raise the possibility of him losing his preferred creditor status.
King’s sudden arrival can’t be underestimated and might unnerve Whyte who moved to axe him from the board last week.
But the South African-based businessman assured Duff and Phelps he is legally still in place as a club director.
He then demanded to know the true extent of the mess Whyte has left behind while Ally McCoist was also seeking answers from Clark and Whitehouse.
It’s understood McCoist was given details of how much cash he and his players, who have agreed to take wage deferrals, will have to sacrifice in order to save jobs throughout the club.
(https://p.twimg.com/AmVK0J6CQAAVOwa.jpg)
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Johnstone has said more in his time with no connection to the Huns than when he was chairman. He's Murray's man.
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Johnstone has said more in his time with no connection to the Huns than when he was chairman. He's Murray's man.
Totally agree. Notice how Sir David doesn't really have very much to say for himself. The above is one reason, the other is he is guilty as fuck
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http://news.stv.tv/scotland/west-central/298826-crisis-hit-rangers-tax-bill-is-6m-higher-than-previously-thought/ (http://news.stv.tv/scotland/west-central/298826-crisis-hit-rangers-tax-bill-is-6m-higher-than-previously-thought/)
Crisis-hit Rangers' tax bill is £6m higher than previously thought
Around £15m in PAYE and VAT has been deducted from employees' pay at the Ibrox club.
The tax bill that crisis-hit Rangers are facing is around £6m higher than previously thought.
Last week administrators Duff and Phelps were called in after HM Revenue and Customs tried to get court appointed insolvency experts in to the Ibrox club.
At the time, the administrators said unpaid PAYE and VAT worth around £9m had been deducted from employees’ wages, but was not handed over the HMRC, which had prompted the Court of Session move.
STV understands that the unpaid tax is closer to £15m and has increased as administrators have started looking over the financial arrangements at the Ibrox club since Craig Whyte took over last May.
The £15m total is believed to include both the £9m dating back to the takeover last May and the outstanding 'wee tax case' between Rangers and the government authority. Mr Whyte claimed that £4.4m of the total owed to HMRC was in relation to the ‘wee' case.
Previously, joint administrator David Whitehouse said: “Unpaid taxes are not appropriate long-term funding for the club."
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No more games at Ibrox until the Polis are paid for the last one. Rangers apparently owe them £17k.
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http://www.heraldscotland.com/news/home-news/money-men-cannot-find-whyte-cash-at-rangers.16844833
:lolabove:
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Just keeps on getting better. ;D
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Apparently Kyle Lafferty has a clause in his contract meaning 2 more games and Burnley are due 900k. He won't play those 2 games then.
And for anyone who still thinks the SPL needs Rangers, look at Motherwell's crowd on Wednesday night. Put a bit of hope into the teams support that 2nd place/Champions League might be up for grabs and over 8000 turn up for a midweek game against poor opposition.
Compare that to 4/5000 on their previous weekend fixtures, and 3700 in their last midweek SPL fixture and you can see they have already replaced the income which is/would/could be provided by the huns away support.
Get them to fuck.
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:thumbsup:
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Apparently Kyle Lafferty has a clause in his contract meaning 2 more games and Burnley are due 900k. He won't play those 2 games then.
And for anyone who still thinks the SPL needs Rangers, look at Motherwell's crowd on Wednesday night. Put a bit of hope into the teams support that 2nd place/Champions League might be up for grabs and over 8000 turn up for a midweek game against poor opposition.
Compare that to 4/5000 on their previous weekend fixtures, and 3700 in their last midweek SPL fixture and you can see they have already replaced the income which is/would/could be provided by the huns away support.
Get them to fuck.
Tickets were also £10 and £5 for concessions.
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shh ;)
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Apparently Kyle Lafferty has a clause in his contract meaning 2 more games and Burnley are due 900k. He won't play those 2 games then.
And for anyone who still thinks the SPL needs Rangers, look at Motherwell's crowd on Wednesday night. Put a bit of hope into the teams support that 2nd place/Champions League might be up for grabs and over 8000 turn up for a midweek game against poor opposition.
Compare that to 4/5000 on their previous weekend fixtures, and 3700 in their last midweek SPL fixture and you can see they have already replaced the income which is/would/could be provided by the huns away support.
Get them to fuck.
I'm not disagreeing with your sentiment but lots of folk got in for nothing due to the previous match being abandoned and others paid discounted prices, so not really comparable. Still good that folk turned out of course.
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Aye I wasn't aware of the reduced prices, but I'm taking the Craig Whyte approach and not letting facts get in the way.
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Aye I wasn't aware of the reduced prices, but I'm taking the Craig Whyte approach and not letting facts get in the way.
:thumbsup:
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dont know who started this but got an email link just now
http://epetitions.direct.gov.uk/petitions/21438
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Gers in crisis: Player deals uncovered
Published: 4 minutes ago
THE Scottish Sun today reveals details of the controversial player payments made by Rangers — which have dragged the club to the brink of extinction.
Our hard-hitting investigation explains to football fans AND the taxpayer how the Ibrox giants apparently offered 'tax-free' bonuses as a lure to players it was eager to sign.
A bombshell letter sent to one former ace — who joined the club in the mid-2000s — tells him that on top of his salary he is entitled to a £122,000 payment spread out over two years, plus additional four-figure appearance bonuses.
It is believed these payments may fall under an Employee Benefit Trusts scheme which is likely to have sparked Her Majesty Revenue and Customs' £75million tax battle with the SPL giants.
EBTs are NOT illegal and are usually used for pensions, charities and families.
But last night three experts told The Scottish Sun the letter to the player — who we are not naming — may have broken strict financial rules by not paying revenue on what is effectively wages.
It is in draft form but shows the nature of the arrangements.
Last night a financial advisor told us: "If a client showed the letter to me, I would tell them to rip it up. The killer points are one and two.
"Number one, you are going to get £122,000 and number two you get £1,200 for a first-team game.
"It equates to salary as far as I am concerned. I would say this sort of letter will be a central thread in the big tax case.
"This would be manna from heaven for HMRC if they have this. If there are 10 like these and there are matching payments, I'd find it difficult for the courts to do anything other than find in favour of HMRC."
Meanwhile a jobs lawyer also warned that the bonuses offered look "a hell of a lot like employment".
He said: "What we have here is a fairly basic contract between Rangers and a player — it is not very different from ones I have seen in the past for other clubs.
"What makes it very different is this letter appears to introduce all sorts of other provisions.
"What I understand is Rangers are trying to say there was money paid to the people, but it was not wages — it was something else.
"If you look at the back letter it says you will get this money for each competitive first-team match for which you're selected.
"It seems they are getting paid for the job Rangers employ them to do so the likelihood is that that is employment income."
An accountant who we showed the letter to also hinted the payments offered to the player were "illegal".
He added: "This appears to be a contractual obligation to put money into an Employee Benefit Trust. The implication is that there is a pot of money going to an individual.
"I have been shown a contract of employment showing how much money players were going to get but also a back letter which I presume that individual has assumed is part of his salary. It seems like a contract.
"If the two documents are handed to someone together, is that seen as being his overall package? If the answer to that is yes then there is a problem because the money that goes into the trust really should be getting taxed because it is his salary.
"The fact it is there as a back letter at all suggests it is dodgy."
During Gers' big spending days top players like Arthur Numan and Ronald De Boer starred for the club — but it's not known if they were offered EBT deals.
It's been reported that a total of £47million was contributed by Gers to the EBT fund. At its height in 2005/06, the club gave out £9.2million — and used EBTs right up until the HMRC probe kicked off over a year ago.
HMRC have tried to call in a bill for the payments.
Rangers contested the tax tab and when Motherwell tycoon Craig Whyte took over the club from Sir David Murray last May he insisted he was confident of beating it.
The case has been heard in Edinburgh and a result is understood to be due at the end of next month — with many predicting a bloody nose for the Light Blues.
Letters like the one we've seen are likely to have been used as evidence.
Administrator Duff and Phelps is trying to save Rangers but it's feared a massive tax bill could tip them into insolvency.
(http://img855.imageshack.us/img855/3994/contractb.jpg)
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Looks like a contract to me. The only disappointing thing is that it does not mention that the payments need not be re-paid. If they did the huns would be proper fucked.
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New definition of watp
we are the paupers :)
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watp
what ARE these papers?
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New definition of watp
we are the paupers :)
:lolabove:
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We Avoid Tax Payments
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Suggestions today that officials at the SFA & SPL could be in bother due to turning a blind eye to Rangers' activities which were against both SFA and UEFA regulations.
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Surey as a reply to them when they chant we are the people we (and others) should reply we are tax payers.
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Suggestions today that officials at the SFA & SPL could be in bother due to turning a blind eye to Rangers' activities which were against both SFA and UEFA regulations.
Hope the no good cunts get fucking hammered.
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Hope the no good cunts get fucking hammered.
Thoughts exactly. Would be no bad thing if they got royally fucked.
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http://www.bbc.co.uk/news/uk-scotland-17180059 (http://www.bbc.co.uk/news/uk-scotland-17180059)
Rangers have been fined £50,000 by the Plus stock exchange for failing to disclose owner Craig Whyte had been previously disqualified as a director.
The London-based exchange began an inquiry after a BBC Scotland investigation into Mr Whyte's history.
A programme broadcast in October revealed he had been banned from being a company director for seven years.
In January the exchange suspended trading of Rangers shares because accounts were filed late.
A statement from PLUS read: "The amount of the regulatory fine has been determined taking into account a range of factors including, but not limited to, the seriousness of the rule breach and the circumstances of Rangers FC."
Mr Whyte was disqualified from being a company director in 2000 for seven years.
Rangers did not announce this until 30 November, six weeks after the Insolvency Service had confirmed the fact in the BBC documentary.
The football club was forced into administration two weeks ago over an unpaid tax bill.
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http://www.bbc.co.uk/news/uk-scotland-17180059 (http://www.bbc.co.uk/news/uk-scotland-17180059)
:lolabove: :lolabove: :lolabove: and the debt just keeps rising.
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(http://img.thesun.co.uk/multimedia/archive/01461/0623edb1-250_1461167a.jpg)
RANGERS owner Craig Whyte played it cool as he enjoyed a night out in Monte Carlo — despite the Ibrox club being hit with a £50,000 fine yesterday.
Whyte swept aside the latest cash blow for the debt-ridden Ibrox club as he relaxed in the swish Monaco resort with a glamorous blonde.
The Scottish Sun yesterday tracked him down to the millionaires' playground in France where he has a luxury pad.
And the £50,000 fine dished out to Gers by the Plus stock exchange — for failing to disclose Whyte had previously been disqualified from being a company director — clearly wasn't bothering the tycoon.
We watched as he arrived at the famous Hotel de Paris with the blonde — who he was also spotted with at an Old Firm match last September Whyte, dressed in a black suit, pulled up outside the five-star venue — made famous by the James Bond films — in a swish white Lexus 4x4.
His partner was wearing an evening dress under a long black coat. It's thought the couple enjoyed a dinner at one of the hotel's two prestigious restaurants.
An onlooker said: "Craig knows the Monte Carlo scene well.
"Hotel de Paris is the best place in town. The staff know him and he is treated well. He certainly is a world away from Govan."
Whyte has been staying at his plush apartment complex for the past four days while administrators try to save the SPL giants.
And last night he broke his recent silence on the crisis enveloping Ibrox — and hit back at claims administrators can't account for huge sums of cash.
Whyte, who says he will jet back to the UK in the next 48 hours, added: "I'm in regular contact with the administrators. I'm here to work with them and get the issues resolved.
"I took on a club with huge financial difficulties. I've been working ever so hard to solve these financial difficulties. I'm not walking away from it."
On the subject of potential redundancies at Ibrox, he said: "I'm not aware of exactly what the plan is there but I would hope that it's kept to a minimum.
"But there will be more pain and the administrators are acting in the best long-term interests of the club."
Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/4159290/Craig-Whyte-relaxes-as-Rangers-fined-50000.html#ixzz1nfSv60d0
Monte Carlo v Govan
ON the French Riviera, it is home to some of the richest people in the world.
Princess Grace is the most famous former resident.
Monte Carlo's elegant grand Casino has made an appearance in two James Bond movies.
ON the banks of the River Clyde, it is home to fictional TV down-and-out Rab C Nesbitt.
Sir Alex Ferguson is the most famous former resident.
Govan's bingo hall recently closed down.
:lolabove:
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It gets funnier:
RANGERS director Dave King's multi-million pound vineyard is back on the market — after claims an auction to sell it was rigged.
The sprawling South African estate was seized by officials over a £250million tax bill.
It was bought by tycoon Wendy Appelbaum for £5million, but she later claimed auctioneers used fake bidders to raise the price.
Businessman King, originally from Castlemilk, Glasgow, was spotted at Ibrox with manager Ally McCoist last week and has been tipped as a potential new owner of the club.
Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/4159301/Second-sale-for-Rangers-director-Dave-King.html#ixzz1nfTO24Jr
So the front runner as the new owener is also a crook and has had his assets seized
:lolabove:
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The Old Firm are locked in a cash feud, with Celtic refusing to hand over a £300,000 advance on ticket's for next month's derby match. (Daily Record)
That grammar is fucking criminal.
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Quote from: Daily Record on the BBC Gossip page
The Old Firm are locked in a cash feud, with Celtic refusing to hand over a £300,000 advance on ticket's for next month's derby match. (Daily Record)
That grammar is fucking criminal.
Punctuation, surely?
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Punctuation, surely?
Punctuation is a grammatical function.
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(http://26.media.tumblr.com/tumblr_lzq967WB651qzn91ko1_500.png)
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The Rangers v AC Milan legends match, which was set up as a charity match is now going to see all it's funds directed towards Rangers FC.
Just me or would any other club doing something like this not get hammered? It's being reported as a "great gesture" ???
Also, apparently the administrators have delayed announcing player cuts until players have returned from international duty. Then of course they won't do it on Friday because of a game at the weekend and next week they'll find another excuse.
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The Rangers v AC Milan legends match, which was set up as a charity match is now going to see all it's funds directed towards Rangers FC.
Just me or would any other club doing something like this not get hammered? It's being reported as a "great gesture" ???
Also, apparently the administrators have delayed announcing player cuts until players have returned from international duty. Then of course they won't do it on Friday because of a game at the weekend and next week they'll find another excuse.
Sums that club up. Classless to the last.
Also good to see the administrators acting in the interests of the creditors...
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Rangers Legends??? Oh you mean those guys they bought when they could not afford them.
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Exactly that.
Walter Smith will manage a legends side captained by Richard Gough and featuring the likes of Paul Gascoigne, Brian Laudrup, Jorg Albertz and Michael Mols taking part.
Rangers boss Ally McCoist said: "Over the last few weeks our fans around the world have shown how much this great club means to them and the numbers who turned out at Ibrox for the recent Kilmarnock game and at Inverness yesterday is testament to their depth of feeling for Rangers.
"It is a tremendous gesture by the Rangers Charity Foundation to forego the majority of the proceeds of the legends match to benefit the club and it is going to be an evening of nostalgia for all the fans, players and supporters."
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Is that even legal? Surely if you advertise a game being for charity then people buy tickets on that basis. If the funds don't go to a charity then that is false advertising.
Unless of course rangers have become a charity case.
Not that the huns care about keeping things legal mind you.
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Is that even legal? Surely if you advertise a game being for charity then people buy tickets on that basis. If the funds don't go to a charity then that is false advertising.
Unless of course rangers have become a charity case.
Not that the huns care about keeping things legal mind you.
Perhaps we should ask the charity commission:
http://www.oscr.org.uk/search-charity-register/charity-extract/?charitynumber=SC033287
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Perhaps we should ask the charity commission:
http://www.oscr.org.uk/search-charity-register/charity-extract/?charitynumber=SC033287
I noticed that they had a charity foundation but surely putting the money raised to a PLC albeit one in administration is a bit dodgy.
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I think stealing money from the sick and dying must be a new low.
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I think stealing money from the sick and dying must be a new low.
But have they thrown a notebook at anyone yet?
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AN entire team of 11 Rangers players will be axed this morning.
But those who survive the cull will also suffer savage cuts. Record Sport can reveal the players who avoid the chop will have their wages slashed by half.
It’s believed all the players agreed to the pay cut in advance of the hitlist being drawn up to avoid even more heads being put on the chopping block.
It is also understood manager Ally McCoist will demand his own salary be reduced dramatically but club sources stressed last night that he was struggling to come to terms with the numbers.
(http://www.freesmileys.org/smileys/smiley-basic/popcorn.gif)
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:lolabove: :lolabove: :lolabove: :lolabove:
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It would be so funny if Aluko was one of them. :wave:
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It would be so funny if Aluko was one of them. :wave:
Follow Follow have him as one along with that cunt McCulloch.
Neil Alexander is another, I'd take him at Pittodrie.
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I want "Poor Wee Naisy" sacked as well. Horrible piece of shit. :hammer: :hammer: :hammer:
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Follow Follow have him as one along with that cunt McCulloch.
Neil Alexander is another, I'd take him at Pittodrie.
Hopefully that'll be the last we see of that cunt mcculloch in Scottish fitba.
Also agree that surely they should punt wee "cunt" naisy as he's just a waste of resources at present
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Hopefully that'll be the last we see of that cunt mcculloch in Scottish fitba.
Also agree that surely they should punt wee "cunt" naisy as he's just a waste of resources at present
I would absolutely love it if that was true :thumbsup:
I hope his hun heart bleeds. Prick.
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SwallowSwallow is under the impression that seven players will be binned today.
Sasa Papac, David Healy, Sone Aluko, Salim Kerkar Neil Alexander, Lee McCulloch and Kirk Broadfoot
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Sign them all except Healy because he's a fucking despicable human being. Fucking horrible hun cunt.
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Sign them all except Healy because he's a fucking despicable human being. Fucking horrible hun cunt.
I'd take Papac and Alexander.
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What so sign lee mculloch as well tyrant? Are you fucking mental?
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Sign them all except Healy because he's a fucking despicable human being. Fucking horrible hun cunt.
McCulloch? - get tae fuck
why not get rid of £28k a week Davies.....£28k per wk in Scottish Fitba, really?
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Was there not something tied into the Aluko deal that said we were getting some of his monthly salary paid direct to us? If that was the case will we not lose out if he isn't earning?
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What so sign lee mculloch as well tyrant? Are you fucking mental?
Oops. I overlooked him. No I'd rather sign Fernando Ricksen to be quite honest.
Announcement due at 11:45 from administrators. (nae Mizer).
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Have I got time to get more popcorn?
When does the show start?
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Nae sign of this announcement (could Richard Keys have lied? :o ) so aye FJ go and get more popcorn. Salted or Sweet?
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An awful lot of people saying the huns could be liquidated in the next 24 hours.
Wishful thinking I reckon.
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salted popcorn is rank.
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BBC guy saying it will be later on today if not tomorrow before they sack players
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An awful lot of people saying the huns could be liquidated in the next 24 hours.
Who needs online porn when you've got the prospect of this ;)
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Who needs online porn when you've got the prospect of this ;)
Would definitely be too good to be true!
Salted popcorn ftw.
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An awful lot of people saying the huns could be liquidated in the next 24 hours.
Wishful thinking I reckon.
Heard this (liquidated, not the 24 hour thing) on Tuesday.
This money in a solicitors account is apparently the last lifeline. They only think it's there because it is the account the Ticketus money went in to and only £18m of that was spent paying off Lloyds.
Chances are Whyte has had it moved somewhere in his web of companies ready for it to reappear in time to fund a NewCo Rangers.
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Who needs online porn when you've got the prospect of this
Salted popcorn ftw.
:lolabove: :lolabove:
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Heard this (liquidated, not the 24 hour thing) on Tuesday.
This money in a solicitors account is apparently the last lifeline. They only think it's there because it is the account the Ticketus money went in to and only £18m of that was spent paying off Lloyds.
Chances are Whyte has had it moved somewhere in his web of companies ready for it to reappear in time to fund a NewCo Rangers.
The claims are being backed up by the rumour/news/belief that the huns only have enough cash to get them to the end of March, if they're lucky.
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salted popcorn is rank.
-1
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-1
-1
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Touche.
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SSN reporting administrators state there will be no redundancies announced today.
Just need to hold the thought until tomorrow.
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Meanwhile Dunermline cannot pay there players and are due money from Rangers.
If I am right in thinking when any other team went into administration they were laying off staff in the 1st week.
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Heard this (liquidated, not the 24 hour thing) on Tuesday.
This money in a solicitors account is apparently the last lifeline. They only think it's there because it is the account the Ticketus money went in to and only £18m of that was spent paying off Lloyds.
Chances are Whyte has had it moved somewhere in his web of companies ready for it to reappear in time to fund a NewCo Rangers.
Fair play. The boy's an evil genius!
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Meanwhile Dunermline cannot pay there players and are due money from Rangers.
If I am right in thinking when any other team went into administration they were laying off staff in the 1st week.
Wonder if the Tims could give the money owed to Dunfermline directly out of the ticket money they're withholding from the Huns?
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Wonder if the Tims could give the money owed to Dunfermline directly out of the ticket money they're withholding from the Huns?
Why would they do that?
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Why would they do that?
If Bob owes Jim X money, and Hamish owes Bob Y money, then Hamish just owes Jim (X-Y) money.
???
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If Bob owes Jim X money, and Hamish owes Bob Y money, then Hamish just owes Jim (X-Y) money.
???
Hamish is a cunt.
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Hamish is a cunt.
So is Bob. I feel sorry for Jim.
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Wonder if the Tims could give the money owed to Dunfermline directly out of the ticket money they're withholding from the Huns?
I was thinking this, but Im sure the administrators would not allow this. Plus Celtic are cunts.
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So is Bob. I feel sorry for Jim.
Bob & Jim are made up characters. So is Jimbob.
Virtual cunts so to speak.
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Unless Y is greater than X!
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Ticketus have urged a 'rapid and successful conclusion' to Rangers' administration process and are willing to hold talks with any potential new owners.
The firm paid £24million to secure the right to sell the club's future season tickets, with part of the cash used by owner Craig Whyte to complete his takeover of the Scottish champions last May.
Administrators Duff and Phelps confirmed money from the deal was used by Whyte to pay the club's £18million debt to Lloyds Banking Group when he purchased Sir David Murray's majority shareholding.
The revelation came several days after Rangers were forced to call in the administrators on February 14th over an unpaid tax bill of £9million accrued during Whyte's tenure.
Ticketus say they want to help Rangers find a successful solution to their financial problems and also want to ensure the ticket purchase agreement entered into with the club is honoured.
A statement on Thursday read: "Following a meeting yesterday with Rangers Football Club's administrators Duff & Phelps, Ticketus would like to state its desire for a rapid and successful conclusion to the club's administration process and confirm its willingness to enter into discussions with any serious potential bidders for the club.
"We met with the administrators yesterday to make it clear that we intend to be part of a solution for the club, and to ensure a fast and fair resolution is achieved for all parties.
Stability
"We outlined that this includes working with potential purchasers to help provide various financing solutions to the club that would be attractive to new owners.
"Ticketus believes that the best outcome for Rangers, its fans, Ticketus and our investors is for the administration process to be concluded as soon as possible, with a purchaser found who is able to bring stability to the club.
"Ticketus has an obligation to its investors to pursue all avenues to ensure that the ticket purchase agreement it entered into with the club is honoured, and we are committed to going to the lengths necessary to ensure that the future of the club is preserved and its agreement with Ticketus fulfilled.
"We believe that our investors' interests are aligned to those looking to safeguard the club's future.
"We have already been in contact with a number of other key stakeholders, including potential bidders and fans' representatives, and believe working collaboratively with all parties to create a solution for the club that puts it on a secure financial footing must be everyone's priority.
"Ticketus looks forward to continuing to work with the administrators and serious potential bidders to secure a positive outcome for the club."
So is going to take over a club were over 50% of the income for 4 years goes to ticketus?
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Why would they do that?
To noise up the Huns and because;
I was thinking this, but Im sure the administrators would not allow this. Plus Celtic are cunts.
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you can almost see and feel the tears of the "journalist" in this piece:
http://www.dailyrecord.co.uk/2012/03/01/rangers-in-crisis-11-ibrox-players-set-to-be-axed-as-administrators-begin-savage-cuts-86908-23770531/
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Taken from Mad:
I like the cut of this writer's jib. Not sure where it came from, but makes a lot of sense:
It wasn’t supposed to be this way. Craig Whyte would not have expected Champions League football when he worked on the deal to buy Rangers last spring, but, by his own admission, income from the Europa League group stage was in the budget.
Winning the league came as a surprise late in the process and may have fuelled some summer transfer bids but income was about to fall well below expectations. Ally McCoist won only one game in four cup competitions, against Arbroath, season ticket sales didn’t bounce and with no serious income streams open, Rangers were set for a seriously low income season.
In addition, the injury to Steven Naismith robbed Rangers of what I understand would have been a £5m sale in January.
People have tried to assert that Whyte’s plan for Rangers was to liquidate the company all along, this is clearly not the case. Rangers were moribund while the First Tier Tribunal (FTT) was yet to report but Whyte planned to run the company, without reverting to administration until and perhaps beyond then.
As well as having to deal with the income shocks resulting from multiple on-field failures, Rangers were hit with an expenditure shock. The FTT was delayed from November to January. If it had proceeded as planned in November it would have reported in January. The delay was crucial, Rangers were going to spend a lot more money before the verdict was announced.
If the verdict arrived as expected in January, and Rangers won, it was game on. They would have been in a position to borrow like any other club and could have raised fresh share capital. There would have been no administration. This was the preferred outcome, Whyte would have emerged with his reputation intact and with a valuable football franchise for the outlay of exactly £1.
If they lost, Whyte could have presented a fait-accompli to the world.
He could have explained to the Rangers support that the total tax liability was “likely to be around £75m” and that there was no point putting fresh investment into a black hole, which was inevitably going to lead to liquidation – all for misdemeanours that occurred before his time. The support would have been distressed at the death of their history, but, crucially, they would not have blamed Whyte, whose reputation would still be intact.
He would immediately have applied for the 10 day grace period to consider appointing an administrator and used that time to tell the SPL and SFA that he could re-emerge with Newco FC within days and allow the league programme to complete as normal. He had security over the stadium, would be in a position to re-employ the players and would be able to honour financial commitments to other clubs, while securing the television and sponsorship contracts.
Public sympathy would have been behind him, Sir David Murray would have carried the blame (perhaps correctly) and I believe only Celtic would have voted against him. Newco would have been back in the SPL and, if the Daily Record’s reporting of Whyte’s thoughts on penalties are anything to go by, he expected to be docked a comfortable 25 points.
HMRC forcing Rangers into administration this month created enormous problems. Administrators Duff and Phelps are now in control and opened the club’s finances up to scrutiny.
As soon as it became evident that he securitised season ticket money from future years, three days after buying the club, placing the money into his own bank account, not that of the football club, Craig Whyte’s methods were subject to derision and outright disgust from many angles, most importantly from the Rangers support.
As things stand, Whyte cannot slip away. He has to stand with Ticketus, who will hold a security on Ibrox through one of Whyte’s companies, and he stands to gain an enormous amount of money for a year’s hard work. Ticketus are also in for the long haul, they have coughed up over £20m and will need a sizeable commercial return.
Many observers have noted that this has not progressed as a normal administration. It’s not a normal administration. The secured creditors (Craig Whyte and Ticketus) need to sell a lot of tickets beyond administration, either as Rangers, if they are successful in the FTT, or as Newco, if they lose the FTT. Selling a lot of tickets is a really tough challenge right now and will be made considerably more difficult if there are swingeing cuts made to the club staff and infrastructure now. Their interests are considerably best served by keeping Rangers as buoyant as possible.
Even if they manage to feed enough cash to the administrators to keep Rangers playing football until the verdict is delivered, the opportunity to present the league with a fait-accompli has gone. Everyone expects Rangers to fold and will have been busy working on a contingency plan.
Any goodwill that Whyte hoped to harvest has also gone, he is seen as a pariah, without friends within the game, in the political world, the media or the Rangers support. When he looks to build a consensus, there will be no advocates for his position. Quite the opposite, people want rid of him.
The on-going police enquiry and his interesting relationships with the Insolvency Service and HMRC will only cloud matters further. For all the bluster on these subjects, no one has been able to explain to me any illegal activities, in fact, most of the illegal activity he has been accused of are either perfectly legal or simply did not take place as described, but there is enough potential in this mix for many years of civil legal challenge, if not more serious issues.
Whyte and Ticketus now have decisions to make on how much extra skin to invest. Ticketus are in the game for a lot of money already and will be keen to protect their cash. It remains to be seen how much cash Whyte has in the client account at Collyer Bristow, but it’s clear that between them, Ticketus and Whyte were prepared to guarantee the administrators full wages and costs for the club for February.
The fact that the tap has been turned on 100% for the last two weeks suggests they have enough cash to run at a lower percentage for a while yet. Duff and Phelps will know how much money is available and will have an expected date for the verdict. It would be enormously bad judgement if they exhausted cash reserves before the verdict arrived.
As long as Ticketus investors hold their nerve, and the police don’t spike the process, Rangers will survive until the verdict. If they lose the verdict, and all expectations are that they will, what are we looking at?
As I said above, Whyte’s chance of presenting a fait-accompli has gone. He would need to go for a prepack liquidation but there are likely to be legal challenges to him making off with the assets of Rangers. At best, this would delay him for anything between weeks and years. Any police involvement would make matters even more difficult. If a negative verdict is delivered anytime soon, Rangers will cease.
Even if this happens, Whyte will still owe Ticketus a lot of money and will try to phoenix as a Newco. He will have the stadium and will be in pole position to apply for membership to the SPL or Scottish Football League.
A route back into the SPL in these circumstances would be difficult to achieve. The SPL board have the authority to accept a club into the league but I hear it is likely that, due to the importance of the matter, they would refer the decision to a vote of the entire league. Back in October I thought the fait-accompli was certain to be voted into the SPL, now I can’t see a Newco being voted in.
You would expect an application into the Scottish Football League to be accepted but there may be a rival bid. The ‘Blue Knights’ bid would not include Ibrox but have a number of options. They could ask to rent Hampden or Firhill, or could adopt a struggling lower league club, like Clyde. These notions are likely to be progressed but establishing a new club, without players or a stadium, would be an enormous challenge.
All of this would play out against a great deal of uncertainty. Whyte’s ability to sell tickets to Rangers fans must be in doubt. If a rival club wanted back into Ibrox in the future they would need to give the ultimate floating charge holder – Ticketus – the same kind of return Whyte has committed to. There is also the possibility of a lot more to come out about the old regime at Rangers, some of whom are behind the Blue Knights bid.
Even if someone gets a phoenix off the ground at Ibrox, keeping it alive will be difficult. The cost of running football games there every second week is considerable. Doing so, while repaying Ticketus, and competing against lower league (or SPL) opposition, will cut any football budget to levels not known in 30 years.
For now, everyone connected with Rangers needs to make confident noises but even if they die, their ghost is already in enormous peril
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Interesting wee read.
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RANGERS administrators Duff and Phelps asked the club’s players to play for free for the rest of the season, it has emerged. It is one of the ‘permutations’ floated by the administrators rejected by the Ibrox squad yesterday as parties met to address the £4.5 million shortfall in the club’s income as against expenditure across the next three months.
The black hole in the finances was expected to bring a raft of job losses among the first-team squad and at the club yesterday, but the administrators delayed an announcement as they sought some form of concensus on their cost-saving measures in talks attended by Ally McCoist, PFA Scotland president Tony Higgins, chief executive Fraser Wishart and the union’s lawyer.
The Rangers squad pushed for wage deferrals without limit of time, citing the example of Plymouth where salaries went unpaid for ten months until the English League Two team were able to come out of administration following a buy-out last October. That is not favoured by the Rangers administrations who feel essentially ‘parking a debt’ could dull the interest of potential buyers. The Rangers squad are understood to be unified in their opposition to any redundancies or permanent salary reductions, though it is believed McCoist and his backroom team Kenny McDowall and Ian Durrant are willing to accept them. The Ibrox players deny, though, that they were presented with the options of voting for a 75 per cent across the board wage cut, eight redundancies and a 50 per cent wage cut or 11 redundancies and a 30 per cent wage cuts as different scenarios that would allow the club to cover expenditure to May.
Footballers really are thick.
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Footballers really are thick.
KILL 'EM ALL.
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A new twist in Rangers controversy: Club accused of misleading SFA on secret deals
By JOHN MCGARRY
Last updated at 12:34 AM on 2nd March 2012
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Rangers stand accused of failing to properly register players after a former director revealed secretive payments had been consistently excluded from contracts lodged with the SFA.
The embattled Ibrox club are awaiting the outcome of the First Tier Tax Tribunal which will determine the legality or otherwise of Employee Benefit Trusts (EBTs).
Regardless of whether Rangers are hit with an additional bill of £49million from the so-called 'big tax case', it appears such payments were kept 'off the books' - in direct contravention of SFA registration rules.
It never rains but it pours: More accusations have been directed at the beleaguered Ibrox club
Former Ibrox director Hugh Adam, who had a 30-year association with the club until 2002, has told Sportsmail that the club's directors were aware of the arrangement - one he believes could have started as early as the mid-1990s.
'They weren't included in the contracts. They definitely weren't. That was the whole point of them,' he said. 'If they'd been included in the contracts, they would have had to have paid tax on them.
'I don't think a lot of the other directors knew an awful lot about it. David Murray kept everything to himself.
'The directors just wanted to sit in the directors' box. That's all. When I was on the board, I knew all about them.
'I just didn't know the details of them. They became accepted. 'The revenue were seriously challenging them at that point when I was a director.
Out: Ali Russell has been released from his role at the club
'People never really asked serious questions about them. "It's perfectly legal" was what they thought.
'It wasn't happening in Britain, so had nothing to do with Britain. All the directors heard about them but didn't take them seriously because they didn't appear in the books.'
Adam's revelation suggests a clear breach of the SFA rulebook - and is a potential embarrassment to current SFA president Campbell Ogilvie, who had a 27-year association with Rangers, many of them spent as secretary.
The SFA rule on registration states: 'All payments made to a player relating to his playing activities must be clearly recorded upon the relevant contract and/or agreement.
'No payment for his playing activities may be made to the player through a third party.'
Adam, the man who funded the redevelopment of Ibrox through Rangers pools, believes payments into discretionary trusts may have gone on well before the turn of the millennium.
It's understood the 'big tax case' relates to EBT payments from 2000 until 2009 but, when questioned if he heard of similar payments in the mid- 1990s, Adam confirmed: 'Without having any specialist knowledge, I'm pretty sure.
Bleak future: The Ibrox club are battling for survival
'People didn't want to know about them. There was a lot of that (EBTs) going on at the time (I was there).
'You knew it was cheating but some of them not only hoped but believed it was above board. 'It's this thing that when something happens it has to have a beginning and an end, but that wasn't the case with the overseas things.
'It was just something that crept up. It was considered important but not crucial. The fans didn't give a damn one way or another. You could argue that they knew about it but didn't think it was important.
'Maybe they never thought it was as much as it really was. And maybe it wasn't. I don't know if you remember radio stations from ships.
'I don't think they were making a fortune but they weren't costing a lot of money, so no one bothered.
'When I was asked for my opinion on the way the club had been run, I said it was quite obvious how it had got into trouble.'They were doing things they shouldn't have been doing.
'They (EBTs) were always regarded in my time as a bit of a joke. They were getting away with it but nobody really thought they'd get away wi th i t forever. '
It would be an offshore trust - almost like a boat. You could dodge your taxes that way. It wasn't something that you picked up the paper and read about. It was one at a time then grew on a gradual basis.
They're fucking fucked.
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Let the fireworks begin. I hope FJ has his salted popcorn at the ready ;) :thumbsup:
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Let the fireworks begin. I hope FJ has his salted popcorn at the ready ;) :thumbsup:
Sweet popcorn FTW.
salted popcorn makes me want to puke.
I might just have a bag of peanut M&Ms instead though.
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Campbell Ogilvie and Martin Bain held positions at the top of the SFA/SPL while all this was going on. Ogilvie's role even meant he was
involved in in charge of checking regulations in relation to player contracts were adhered to. Clearly he knew this wasn't the case.
Surely this has to lead to significant reforms in the running of Scottish football. A perfect time to merge the SFA/SPL/SFL bodies and have it completely independant of clubs.
Scottish football needs a ruling body, not an enabling body.
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They're fucking fucked.
Dear god did that guy actually listen to what he said? Intellectual diarrhoea.
They weren't included in the contracts. They definitely weren't. That was the whole point of them,' he said. 'If they'd been included in the contracts, they would have had to have paid tax on them.
'I don't think a lot of the other directors knew an awful lot about it.
All the directors heard about them but didn't take them seriously because they didn't appear in the books.'
'You knew it was cheating but some of them not only hoped but believed it was above board. 'It's this thing that when something happens it has to have a beginning and an end, but that wasn't the case with the overseas things.
I said it was quite obvious how it had got into trouble.'They were doing things they shouldn't have been doing.
'They (EBTs) were always regarded in my time as a bit of a joke. They were getting away with it but nobody really thought they'd get away wi th i t forever. '
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Independent Inquiry Update
Friday, 02 March 2012
Stewart Regan, the Scottish FA Chief executive, has today provided an update on the progress of the Independent Inquiry into Rangers FC chaired by The Right Honourable Lord Nimmo Smith.
"We are now in the final stages of our independent inquiry into the situation concerning Rangers FC. The report by The Right Honourable Lord Nimmo Smith is expected to be completed next week and will go to a Special Board Meeting for consideration.
"It would be inappropriate to make any further comment at this stage in relation to the details gleaned from the inquiry, the potential contents of the report or any possible sanctions.
"We are, however, aware of the most recent allegations made against Rangers FC today by a former director of the club. We shall investigate this matter thoroughly before making any further comment."
http://www.scottishfa.co.uk/scottish_fa_news.cfm?page=2111&newsCategoryID=36&newsID=9417
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http://rangerstaxcase.com/2012/03/02/time-for-leadership-at-sfa-spl/ (http://rangerstaxcase.com/2012/03/02/time-for-leadership-at-sfa-spl/)
Interesting read.
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Looks like the rats are deserting the ship to me. I hope BarL has wheelchair access :wave:
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Rangers administrators are pursuing the club's owner Craig Whyte for up to £9m in money that was contractually promised at the time of his May 2011 takeover.
Lawyers acting for Duff & Phelps, who were appointed as administrators on 14 February, have gained a court order to seize a preliminary £3.6m from Whyte's solicitors Collyer Bristow.
That money is now in a bank account belonging to law firm Taylor Wessing. Duff & Phelps will ask a high court judge to release it to them on 8 March.
These legal moves come against a backdrop of enormous uncertainty at Ibrox, with a statement on drastic cuts to the playing squad being imminent.
With a projected shortfall in funding to the end of the season of £4.5m, the administrators desperately need this money - which they claim should be in the club's bank account anyway - to keep the Scottish champions in business.
The consent order against Collyer Bristow was granted in London on Thursday and is the first product of a concerted effort by Duff & Phelps to gain access to all of the club's assets - a process they claim has been hampered by Whyte.
The controversial entrepreneur's legal advisors deny this and it is hoped that they will not contest the court order next week.
That does not mean, however, other parties to this complicated picture might not object to the Collyer Bristow cash being passed to Rangers.
Ticketus, the finance company that loaned Whyte £24m against future season-ticket sales, is just one party that may object to this transfer, although a statement from the London-based firm on Thursday suggested it wanted to safeguard its position by dealing directly with any potential new bidder for the Old Firm institution.
The good news for Rangers' hard-pressed fans and staff, however, is that this £3.6m can no longer be accessed by Whyte.
The next challenge for Paul Clark and David Whitehouse of Duff & Phelps, however, will be to get their hands on the £5m+ they claim Whyte owes the club as part of his legally-binding takeover agreement. This shortfall in "breaches of undertaking" was flagged up by former Rangers chairman Alastair Johnston last week.
Without some clarity on this matter it will be very difficult for Duff & Phelps to engage in meaningful discussions with individuals or groups interested in buying the Glasgow giants out of administration.
A March 16 deadline has been set for expressions of interest in the club and it is believed that up to six potential bidders have emerged with serious plans.
Just how serious those plans can be, of course, is open to debate whilst Rangers await the verdict of a tax tribunal that could result in the club being hit with a bill of anything up to £75m in back taxes, interest and fines.
The only hope for Rangers fans is that a deal can be struck between a new owner and the taxman, with the key consideration here probably being the return the public purse will get from the club as a going concern or a fire sale at the club.
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taylor wessing? they also represent the tchenguiz brothers...
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Rangers players have been told to go home and prepare for Saturday's match against Hearts as discussions on possible staff cuts continue.
With the club's administrators mulling over various options, players have been in talks with their union.
::)
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::)
Is this not the continuation of the financial cheating theme?
The hun have a larger squad of generally better quality playing staff than most spl clubs (I know, I know,its a can of worms and a topic of a seperate debate), but cannot afford these players on thier books, therefore this is an untenable position, but yet they can KEEP these players to fight and play another day?
Maybe we could piss a 10 or 15 million up a wall for a shot of one season of glory next season? :hammer: :hammer:
:haterangers: :haterangers: :haterangers: :haterangers: :haterangers: :haterangers: :haterangers: :haterangers:
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Just read there was an option for the whole staff/players to take a 75% pay cut with no redundancies which is likely to be refused.
What a bunch of odious cunts. That way no one loses their job but they refuse to accept meaning people will now lose their job. I don't give one flying fuck about the club or anyone to do with it but surely at a time like this you all knuckle down as a team. Whats 75% to most of their players?? Still a 4 figure sum each week... Shocking really
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Is this not the continuation of the financial cheating theme?
The hun have a larger squad of generally better quality playing staff than most spl clubs (I know, I know,its a can of worms and a topic of a seperate debate), but cannot afford these players on thier books, therefore this is an untenable position, but yet they can KEEP these players to fight and play another day?
Maybe we could piss a 10 or 15 million up a wall for a shot of one season of glory next season? :hammer: :hammer:
:haterangers: :haterangers: :haterangers: :haterangers: :haterangers: :haterangers: :haterangers: :haterangers:
Of course it is.
These guys are meant to be running the club in the interest of the creditors and making sure debts are paid to numerous small businesses as well as SPL clubs who are out of pocket. Instead they are fannying about pandering to the likes of Healy and McCulloch
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There is presedent here. What happened to the playing squads with Dundee, Motherwell and livingstone?
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Rangers go into administration: 14th February
Portsmouth go into administration: 17th February
People who have left Rangers so far: 2
People who have left Portsmouth so far: 30
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So what we are seeing now is the SFA/rangers protection racket
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Just read there was an option for the whole staff/players to take a 75% pay cut with no redundancies which is likely to be refused.
What a bunch of odious cunts. That way no one loses their job but they refuse to accept meaning people will now lose their job. I don't give one flying fuck about the club or anyone to do with it but surely at a time like this you all knuckle down as a team. Whats 75% to most of their players?? Still a 4 figure sum each week... Shocking really
why would you take a 75% wage cut if you were a mercenary cunt whose next wage depended on the wage you earn when you leave el scumo?
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Just read there was an option for the whole staff/players to take a 75% pay cut with no redundancies which is likely to be refused.
What a bunch of odious cunts. That way no one loses their job but they refuse to accept meaning people will now lose their job. I don't give one flying fuck about the club or anyone to do with it but surely at a time like this you all knuckle down as a team. Whats 75% to most of their players?? Still a 4 figure sum each week... Shocking really
I completely disagree.
There's absolutely no way I'd accept any sort of pay cut to try to save someone else's job, I'd sooner take my chances with the administrators and redundancy. It's not like anyone's going to struggle to find employment with a new club.
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Seems the destination of several million pounds would define who goes/stays and when.
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Billy Dodds:
even if they are guilty of the most orchestrated campaign of cheating in football history, the SPL need Rangers so we should let them off with it
The man is an absolute cunt.
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WTF!?!?!? :hammer:
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I completely disagree.
There's absolutely no way I'd accept any sort of pay cut to try to save someone else's job, I'd sooner take my chances with the administrators and redundancy. It's not like anyone's going to struggle to find employment with a new club.
I'm in total agreement with you, almost posted the same thing last night but thought it looked too much like hun sympathy.
No one can just accept a 75% wage cut without noticing it. That sort of cut would seriously change someone's circumstances and with families to support and bills to pay its no wonder they refused it. Of course the players could cut back accordingly but that can hardly be done over night.
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Guy on your call just now
'I cant take 2 defeats out of 3 Jim'
And Mccoist was out in the press saying they had the best fans in the world?
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Rangers’ administrators Duff and Phelps confirmed pre-match that several Ibrox players would lose their jobs on Monday as part of the cost-cutting process.
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Useless fucking cunts could at least have beaten hearts for us today before they all get the sack on Monday.
Once a cunt always a cunt
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By ANDREW SMITH
Published on Sunday 4 March 2012 00:00
CRISIS-HIT Rangers Football Club received a new blow yesterday when its administrator admitted the chances of the team playing in Europe next season had now all but vanished.
In comments that will further disappoint staff and fans at Ibrox, Dave Whitehouse, from Duff and Phelps, said it was highly likely a 31 March deadline to satisfy football authorities that the Glasgow club was able to meet its financial obligations would be missed.
To obtain a Uefa licence to play in the money-spinning Champions’ or Europa leagues, the club must demonstrate to the Scottish Football Association by the end of this month it can satisfy the requirements of HMRC, which forced Rangers into administration last month over an unpaid tax bill of up to £15 million.
However, at present, administrators are still seeking to unravel the club’s finances since the ill-fated takeover by owner Craig Whyte last May, and a new ownership bid by a consortium of businessmen has yet to materialise.
Yesterday, Whitehouse stated: “The 31 March deadline is technically still possible but highly problematic.
“We will know much more by 16 March [when “indicative” bids for ownership are required]. There comes a point where we have to decide who is a genuine bidder with a capacity to deliver and who is posturing. That is the process we are going through now.”
Rangers lie in second place in the Scottish Premier League after a ten-point docking for going into administration.
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the gift that keeps on giving
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Don't think it was ever a possiblity that they would manage to meet the relevant criteria to obtain a licence as it is a requirement that audited company accounts need to be submitted and it sounds as if they're still as far away from that as ever.
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(http://a5.sphotos.ak.fbcdn.net/hphotos-ak-ash4/425419_10150709914589610_545499609_11305517_102941025_n.jpg)
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(http://a5.sphotos.ak.fbcdn.net/hphotos-ak-ash4/425419_10150709914589610_545499609_11305517_102941025_n.jpg)
:lolabove:
Oh lumping fuck that's funny!!
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(http://a5.sphotos.ak.fbcdn.net/hphotos-ak-ash4/425419_10150709914589610_545499609_11305517_102941025_n.jpg)
:lolabove:
I think that single post is the most I've ever laughed while on this site. Fantastic photo!
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(http://a5.sphotos.ak.fbcdn.net/hphotos-ak-ash4/425419_10150709914589610_545499609_11305517_102941025_n.jpg)
Oh my word.
:lolabove:
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File this under "R" for ROFLMAO!
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For all the Huns you know....
http://www.youtube.com/watch?v=6xsDdIByh8A
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:lolabove:
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Craig Whyte's father isn't allowed back in the UK, he currently resides in Calgary and all money siphoned from Rangers is routed offshore. I'm lead to believe the father is the mastermind behind it all.
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http://www.bbc.co.uk/sport/0/football/17221172
cuntage.
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I find it hard to beleive that not one player will have to leave, something fishy going on there.
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(http://img832.imageshack.us/img832/5703/2f2de1d5ffc74bd294f5a6a.jpg)
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The Scottish Premier League are to investigate the alleged non-disclosure of payments made to players by Rangers.
The probe will examine whether further payments were made in addition to main contracts and if SPL rules and regulations were breached.
The Scottish FA have already said they are aware of the claims, made by former director Hugh Adam .
Adam said that some payments were not included in official contracts that were registered with the SPL and SFA.
A brief statement from the SPL reads: "The SPL Board has instructed an investigation into the alleged non-disclosure to the SPL of payments made by or on behalf of Rangers FC to players since July 1, 1998.
"SPL rules F1, G1.1 and G1.5 give the SPL Board wide powers of investigation into potential breaches of the SPL rules.
"SPL rules D9.3 and D1.13 impose a prohibition on players receiving payments for playing football or participating in an activity connected with football except where such payments are made in accordance with a form of contract approved by the SPL and require that all such contracts are submitted to the SPL within 14 days of being entered into."
In a Daily Mail interview, Adam claimed that Ibrox directors were aware of the widespread use of an Employee Benefits Trust scheme.
A high-profile first tier tax tribunal will deliver a verdict soon on the EBT arrangement deployed by Rangers under the stewardship of former owner David Murray.
Regardless of that ruling, any 'off-the-books' payments to players would be a clear breach of SPL and SFA statutes.
"We will be looking into it and taking whatever action is necessary," said SPL chief executive Neil Doncaster.
"We'll be dealing with the administrators at Rangers to establish the facts, to establish whether there were any payments that were made that were undisclosed at that time.
"If there are, then we'll take that forward.
"Our role here is to apply the SPL rule book.
"We'll conduct the investigation as quickly as we can."
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"We will be looking into it and taking whatever action is necessary," said SPL chief executive Neil Doncaster.
They're given a little present and allowed to go free?
They're smacked and told not to be naughty, but basically let off?
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Another day of talks and no action by the administrators. Did Motherwell, Dundee and Gretna get all this time to cut the wage bill????
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Biggest. Anti-Climax. Ever.
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Sky claiming top earning huns have offered to take 75% cut in the final offer to the administrators.
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Still going to be on 100k plus a year
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Still going to be on 100k plus a year
Or in the case of Steven Davies who is on £28k per week, that'll reduce his basic wage to marginally over £350k per annum. Steven Whittaker will be on a mere £250k per annum......fucking tough life isn't it ::)
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Or in the case of Steven Davies who is on £28k per week, that'll reduce his basic wage to marginally over £350k per annum. Steven Whittaker will be on a mere £250k per annum......fucking tough life isn't it ::)
Probably is if you look like Steven Whittaker.
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Probably is if you look like Steven Whittaker.
In fairness that is a perfectly valid point you've made there Stewart ;)
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Or in the case of Steven Davies who is on £28k per week, that'll reduce his basic wage to marginally over £350k per annum. Steven Whittaker will be on a mere £250k per annum......fucking tough life isn't it ::)
It is when you are the kind of muppet who spends their entire pay-cheque every month on crap rather than living on the real world.
Not so easy to pay for that massive house you dont really use, that bentley which doesnt suit anyone, or that tab at the casino when your pay wont even cover the gas/lec/council tax, insurance/service/petrol, or medical bills when big Del breaks your fingers & legs
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Steven Whittaker will be on a mere £250k per annum......fucking tough life isn't it ::)
I wouldn't cross the street to watch that dick playing football. Fucking hellish player.
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The idea of any sort of justice being done was always just a nice delusion.
The Scottish Football League (SFL) has no current plans to investigate allegations of 'hidden' contracts at Rangers, STV understands.
The club are facing a probe from the Scottish Premier League (SPL) over claims not all payments to players were declared in playing agreements, as per league rules. The Scottish Football Association (SFA) are also looking into the accusations.
The SPL's investigation dates back to the inception of the league in 1998, prior to which the Premier Division was controlled by the SFL.
Former Rangers director Hugh Adam recently claimed former players were paid using Employee Benefit Trusts (EBTs) from the mid-1990s, potentially pre-dating the SPL.
The Ibrox side are accused of having used EBTs to play players over and above their contracted salaries, leading to the SPL investigation and a similar SFA case reviewing whether its articles of association were breached.
It is understood that, as Rangers are no longer a member club of the SFL, no investigation will be carried out at the present time to establish whether rules were broken leading up to the club's resignation from the league in 1998.
Discussions over any possible look into the club's dealings during their time in the SFL are not believed to have taken place, with a preference to allow the SPL and SFA cases to play out before any future inquiry is considered.
It is also understood no concerns were raised to the SFL over any allegations of the non-disclosure of payments during Rangers' time in the league.
Former Rangers director Adam, who stood down as a director at Ibrox in 2002, insists those in power knew about the extent of the EBTs and even suggested they were being used in the mid 1990s. It was previously thought the trusts were used from 2001 to 2010.
"They weren't included in the contracts," Adam told the Daily Mail. "They definitely weren't. That was the whole point of them.
"If they'd been included in the contracts, they would have had to have paid tax on them.
"I don't think a lot of the other directors knew an awful lot about it. David Murray kept everything to himself.
"People never really asked serious questions about them. 'It's perfectly legal,' was what they thought.
"You knew it was cheating but some of them not only hoped but believed it was above board.
"I don't think they were making a fortune but they weren't costing a lot of money, so no one bothered.
"They [EBTs] were always regarded in my time as a bit of a joke. They were getting away with it but nobody really thought they'd get away with it forever."
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http://www.dailyrecord.co.uk/2012/03/06/rangers-in-crisis-ibrox-giants-warned-they-could-be-stripped-of-spl-titles-in-illegal-payments-probe-86908-23776810/
Guess I'll get no takers willing to back that to happen ::)
Corrupt club, corrupt directors, corrupt ruling authorities and corrupt investigation
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Loaded deck.
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Apparently Doncaster has made comments on the radio that the Sky deal doesn't infact require there to be 4 Old Firm games a season, which is the reason he gave for the SPL staying at 12/reducing to 10 teams instead of increasing like all the fans polls showed was the fans choice.
:-\
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Administrators reject players offer on pay cuts. Players been told if agreement can't be reached more than 11 players could go.
And we're off!
Gregg Wylde GET OUTTA HERE!!!!!!
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Would take him, seems to be direct and can take a man on. Final ball can be worked on.
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BBC saying he (and a number of other players) have asked to be released. Must have clubs lined up (can they even sign for anyone else before summer?)
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Yeah I'd take Wylde, looked good for Scotland U21s last yr
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BBC saying he (and a number of other players) have asked to be released. Must have clubs lined up (can they even sign for anyone else before summer?)
I would guess you can sign for a club if you left a club that's in administration?
Otherwise sign on as an amateur or something.
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Celick has walked too.
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Celick has walked too.
I thought they didn't do walking away?
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no thanks on wylde
"I don't know what is going to happen next but I thought it was important to play my part in saving Rangers."
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He's away south to talk to Blackpool and Southampton. He hasn't been playing for Rangers as 2 more appearances would have put his wages up from 4k per week to 5k per week :-\
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Celick has walked too.
Damn miss-read that, thought we were getting rid of both the bigot brothers.
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Keith Downie ? @STVkeith
STV understands Rangers players are currently going in to see the administrators one by one to learn their fate.
:thumbsup:
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how much would you love to be a fly on the wall in that room
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Keith Downie ? @STVkeith
STV understands Rangers players are currently going in to see the administrators one by one to learn their fate.
:thumbsup:
(http://www.newsbiscuit.com/wp-content/uploads/2010/07/368-spanish-inquisition2.jpg)
(http://edu.glogster.com/media/4/36/65/33/36653323.jpg)
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I refused to give up 75% of my wages because, why should I? It was not my fault the club are in this crisis. They really should not have signed me to a contract that they can't afford to pay.
:lolabove:
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(http://www.justdezineit.com/images/400_2555.jpg)
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(http://www.midwestsportsfans.com/wp-content/uploads/2011/06/carlton-dancing-gif.gif)
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Well said Celick :D :thumbsup:
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:lolabove:
Tim
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Going to have to stay up all night now just to see what happens. ;D
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(http://i42.tinypic.com/dg6nom.jpg)
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Not sure if it is true but this is on twitter.....
McGregor and Goian latest two to be released
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Kyle Bartley leaves Murray Park saying no decision on his future yet. Mood not great he admits.
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Not sure if it is true but this is on twitter.....
McGregor and Goian latest two to be released
Goian a possiblity, but doubt McGregor will be released as he will carry a decent sale value
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Goian a possiblity, but doubt McGregor will be released as he will carry a decent sale value
Depends how desparate they are to cut the wage bill now.
Plus clubs are not stupid, say rangers ask for 5 million, clubs will know they are desperate for money and will offer way less, hoping that a desperate Rangers will take it.
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Well this is a bit of an anticlimax once again
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back to talking, the time for talking is over, we want BLOOD :haterangers:
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Well this is a bit of an anticlimax once again
I'm going to have buy more Viagra online if these keeps going much longer :-[
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Dunno if it's been posted on here already,
but someone made me aware that due to the huns cheating their way through the past 20 or so years, we actually won in the treble in the 1992/93 season.
quite an achievement for us!
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Dunno if it's been posted on here already,
but someone made me aware that due to the huns cheating their way through the past 20 or so years, we actually won in the treble in the 1992/93 season.
quite an achievement for us!
Fucking yas! Europe next season then! 8)
Devastating news tonight is that no players will be forced out. :hammer:
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Chris McLaughlin [!]8207; @BBCchrismclaug
Some players have cut deals with #Rangers administrators to take wage cuts now in exchange free transfers in summer or sell on clauses.
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Players seem to be arriving back at Murray Park. Davis and Laugherty spotted.
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Free transfers and cutting into potential transfer fees is just putting things off til the end of the season.
They are royally fucked.
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how much would you love to be a fly on the wall in that room
My cousin's husband's mate from uni works with the administrators - he text from Craig Whtye's office the other week ;D
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My cousin's husband's mate from uni works with the administrators - he text from Craig Whtye's office the other week ;D
Is he a removal man?
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STV now saying on Scotland Tonight that the administrators are now saying no deal has been reached with the players and are now predicting mass redundancies (again). They haven't half strung this out.
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Administration Statement
Tue, Mar 6, 2012
DAVID WHITEHOUSE of club administrators Duff and Phelps has made the following statement to the media this evening:
Today has been a very frustrating day. Earlier in the day, we believed we had agreed in principle a basis of cost-cutting measures with the players accepting substantial pay cuts and we are very grateful for their efforts in reaching that point.
Sadly this evening we have been unable to reach agreement on the personal conditions sought by the advisors to the players in respect of those wage cuts.
There is still some hope these issues can be resolved first thing in the morning but it is extremely disappointing we haven't been able to get there tonight.
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I fully expect to be reading similar statements in March 2015 at this rate ::)
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I'm amazed this is still going on and looks like it will for a few more days. Do the administrators not have a duty to the creditors and every day the waste discussing deals with the players are they not increasing the debt they are trying to clear?
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Seems the players agreed something in principle and the agents disagreed.
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Not an expert but seems odd that an official statement would begin so informally as "This has been a very frustrating day..."
Also seems odd that you'd discuss anything formally with players, and THEN discuss things with their advisers.
The whiff of shite about all of this gets stronger every day.
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From the beeb
Rangers director Dave King fears the club will not exit administration and that liquidation is "inevitable".
In a statement, King said the club's owner Craig Whyte has "abused the loyalty of fans" by mortgaging future sales of tickets to Ticketus.
King also claims that Sir David Murray had no knowledge that proof of funds supplied by Whyte to purchase the club was secured by season ticket sales.
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From the beeb
Rangers director Dave King fears the club will not exit administration and that liquidation is "inevitable".
In a statement, King said the club's owner Craig Whyte has "abused the loyalty of fans" by mortgaging future sales of tickets to Ticketus.
King also claims that Sir David Murray had no knowledge that proof of funds supplied by Whyte to purchase the club was secured by season ticket sales.
Aye Ready Right ::)
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Full statement:
http://news.stv.tv/scotland/west-central/299996-in-full-rangers-director-dave-kings-statement/
We must remember that our footballing friends across the city came very close to the point that we now find ourselves in. Scottish football needs a strong Rangers and Celtic- but perhaps in a slightly humbler form.
::)
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I am so fed up of being told by huns and tims that we need them
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Can they not just fuck off and die already, every single one of them who are entwined in this web of hunnery. I'm sick to the teeth with all this bullshit.
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So, is liquidation looking more and more likely then?
Or am I just dreaming?
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http://www.dailyrecord.co.uk/2012/03/07/rangers-in-crisis-as-administrators-wield-axe-owner-craig-whyte-still-claims-to-be-ibrox-club-s-saviour-86908-23778009/ (http://www.dailyrecord.co.uk/2012/03/07/rangers-in-crisis-as-administrators-wield-axe-owner-craig-whyte-still-claims-to-be-ibrox-club-s-saviour-86908-23778009/)
WITH Rangers in turmoil as the axe fell yesterday, Craig Whyte was busy assuring Celtic fans he had saved the Ibrox club.
As events unfolded in Glasgow, the under-fire owner was 150 miles away behind the locked gates of his Highland castle.
His PR advisers fended off requests for interviews and Whyte kept mum – until he was hoodwinked by a group of Hoops fans.
In an exchange which began online but graduated to a phone conversation, the Rangers supremo appeared to believe he was in talks with a potential bidder for his club.
And the sting culminated in Whyte boasting that he would be remembered as the man who saved Rangers.
Whyte thought he was talking to businessman Stewart Henderson, who wanted to invest £10million in Rangers – but he was actually talking to Celtic fan website Huddleboard.
A recording of the toe-curling 18-minute chat appeared on the internet yesterday.
In it, Whyte says the club probably have debts of about £20million and “it would require 20, sorry, £10million up front” to pay off creditors.
He claims there will be no tax liability after the insolvency process, adding: “£10million is enough to get us through to the end of the season.”
The caller says he wants to stay anonymous, but Whyte warns: “If you want a quiet life, don’t invest in football.”
And asked if he has any friends left in the media, Whyte says: “I don’t think very many, to be honest.
“No, well, you know most people will remember me for saving Rangers.
“That’s what I came to do, that’s what I intend to do. Idon’t have many friends left here. But that’s just life.”
Asked about the possibility of fan ownership, Whyte said it was “one option” but “there are other options too”. He offers to get the administrators to send the caller information so he can “make the decision on whether you want to get involved”.
But he refuses to take the bait when the caller says he knows “some heavy people” who could silence Whyte’s critics.
Whyte replies: “I don’t need that. I’ll keep my head down and get on with business.”
The prankster’s real name is unknown but he is a regularon football phone-ins, calling himself “Tommy in Glasgow”.
Whyte gave his number tothe prankster after an email conversation purporting to involve several people.
He tells Whyte he’s orginally from Possil in Glasgow but now based between “Melbourne, New York and Silicon Valley”.
The hoaxer phoned Whyte back yesterday. After a failed attempt to get him to slag off Sir David Murray, he admitted he was from Huddleboardthen ended the call.
Friends of Whyte were surprised he fell for the stunt. A spokesman said: “Mr Whyte won’t react to what is nothing more than a silly prank.”
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Live linky to the hun 'drama' ;D
http://www.bbc.co.uk/sport/0/football/17285309 (http://www.bbc.co.uk/sport/0/football/17285309)
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I am so fed up of being told by huns and tims that we need them
Agreed. They weren't remotely bothered about that a few years ago when they were both sucking anyone's cock who they thought could get them playing in England.
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Rangers director Dave King fears the club will not exit administration and that liquidation is "inevitable".
In a statement, King said the club's owner Craig Whyte has "abused the loyalty of fans" by mortgaging future sales of tickets to Ticketus.
King also claims that Sir David Murray had no knowledge that proof of funds supplied by Whyte to purchase the club was secured by season ticket sales.
The South Africa-based businessman said the club's plight "grieved him".
King, who remains a non-executive director of the troubled Scottish Premier League club, met administrators Duff and Phelps two weeks ago to discuss the current financial situation.
He was previously involved in takeover talks with the club, who were forced into administration following action from HMRC over a £9m tax bill.
Along with fellow-director Paul Murray, King also made a late bid for the club to prevent the eventual successful takeover by Whyte.
King invested £20m in the club in 2000 and is the second-largest shareholder, but has been hit with a £250m bill after losing a 10-year battle with the taxman in South Africa.
In his statement, King said that he intended to remain involved with the Glasgow club and had approached the Scottish Football Association to approve him as a "fit and proper person" in control at Ibrox.
"I intend to remain involved with the club, at least on my present basis, post-reconstruction if that is at all possible under the new ownership structure," said King.
"I am however alert to the raw sentiment around the need for Rangers to have 'fit and proper' persons at its helm.
"In view of my own well-publicised and acrimonious legal disputes with the authorities in South Africa I have taken it upon myself to approach the SFA in that regard in advance of considering an increased role in the club going forward. I will be guided by the SFA's response in that regard."
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Fit and proper person ???
Guess it depends if you use our definition or the Rangers one. looks like if you use their one, then King is your man
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Soon game day will be here and we will be back to, we are waiting till next week so they can concentrate on the game.
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Soon game day will be here and we will be back to, we are waiting till next week so they can concentrate on the game.
ah but don't forget, on account of them being shit, they don't have a game this weekend. :thumbsup:
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Cuts delayed now till Friday.
seems they are putting all their eggs into this Paul Murray consortium's basket and hoping he can save the club.
Duff and Phelps statement
1. "We are announcing today we are accelerating the sale of Rangers Football Club. The club is in a perilous financial situation and that should not be under-estimated. Regrettably, we have been unable to agree cost-cutting measures with the playing staff on terms that will preserve value in the business. We understand the players' position as the scale of wage cuts required to achieve these savings without job losses were very substantial indeed...
2. "In view of this, we are faced with a situation of making redundancies within the playing staff on such a scale that would materially erode the value of the playing squad. We are striving to strike a balance where cost-cutting measures can be implemented but do not destroy the fabric of the playing squad to the extent that it will inhibit the prospect of a sale...
3. "However, no one should be in any doubt that in the absence of sufficient cost-cutting measures or receipt of substantial unplanned income, the club will not be able to fulfil its fixtures throughout the remainder of the season...
4. "As a result, we are expediting the sale process and over the next few days we will be holding discussions with prospective purchasers who have declared their interest. The Manager, Ally McCoist will play an integral part in these discussions. If, however, it becomes apparent that the sale process cannot be accelerated there will be no choice but to implement very severe cost cutting measures at the club."
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Wriggle, wriggle, wriggle....these fuckers are going to wangle their way out of the shit.......
Can anyone really say they'll be surprised, when you've got gutless arse licking football authorities, other club chairmen and press.
Any other club (apart from the green coloured cheek of the same arse) would have long since gone up in a puff of smoke.
To be honest, even if they do go under and get straight back in the top league in a new guise, I think I'll struggle to keep an interest in the prehistoric corrupt organisation that is Scottish Football.
Self centred cheating corrupt bastards the lot of them
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All the eggs in one basket it would seem.
I must say I like the suggestion they won't be able to play all their fixtures
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I must say I like the suggestion they won't be able to play all their fixtures
You just know that isn't going to happen though.
Surely you've heard that Scottish football needs Glasgow Rangers FC ::)
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what happens to the tax case if they become insolvent before the verdict?
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At the very least, there'll be no european football for them...
Duff & Phelps statement:
"As regards the club playing in European competitions next season, there is no realistic prospect of the Club being able to fulfil its obligations prior to the March 31 deadline set by UEFA.
"There are four main reasons for this and they lie in the stewardship of the club prior to going into administration. First, as we have stated from the outset, the likelihood of the club being able to emerge successfully from administration before this deadline as indicated by the chairman was, at best optimistic given the perilous financial situation at the club at the time of insolvency...
Administrators' statement continued: "Second, the company accounts cannot realistically be signed off by auditors in a manner that would meet the criteria required by the footballing authorities. Even if the audited financial statements are issued prior to the end of March 2012 we would expect them to be qualified by the auditors such that under UEFA requirements the club will have to satisfy a going concern test confirming how it will continue to be funded until the end of next season. Without knowing who will be the owner of the Club at 31 March, it is impossible to provide suitable comfort in this respect.
"Thirdly under UEFA regulations the club must have paid or come to a satisfactory settlement with all social taxes that were outstanding at 31 December 2011. We estimate those social taxes (being PAYE and NIC) to be at least £5m. We cannot now see a scenario where those taxes will have been paid or compromised to the satisfaction of HMRC by the end of March 2012.
"The final major hurdle is that the club must have paid or compromised all of its outstanding "Football Creditors" prior to the deadline of 31 March 2012. That issue is again extremely unlikely."
Duff & Phelps add: "There has, perhaps inevitably, been speculation about Rangers Football Club facing liquidation. As we have stated previously, we remain very confident that Rangers will not cease to exist and the team will continue to play at Ibrox.
"If a Company Voluntary Arrangement is not possible for any particular reason, any buyer of the Club and its assets would complete that purchase through a sale by the Administrators allowing the Football Club to continue to operate with the old company then being placed into liquidation prior to dissolution...
"We are, however, doing our best to ensure the Company trades viably during administration and this will require a rigorous cost-cutting programme. Our preferred option remains to reach a point where a Company Voluntary Arrangement is reached and the Club can emerge from administration as a viable business within its existing corporate shell.
"As stated there is a possibility that if a new buyer is identified a financial case may be made to sell the business and assets of the old company, but that is not our preferred approach at this time.
"We are aware of the statement from Mr King. We note his comments regarding the Ticketus arrangements but as this issue is subject to ongoing discussion and examination, it would be inappropriate for us to comment further..."
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Of course if they are indeed liquidated and then re-emerge as a new club they wont be able to play in europe until season 2015-16.
You have to be registered with Uefa for 3 years before you are allowed into the champions or Europa league
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And they are out of Europe!
http://www.bbc.co.uk/sport/0/football/17287929
Rangers will not participate in European competition next season
Rangers' administrator has conceded that the club are unable to meet Uefa's 31 March accounts deadline and will not play in Europe next season.
Duff & Phelps said owner Craig Whyte's view that Rangers would exit administration on time was optimistic.
Paul Clark blamed the decision on being unable to sign off accounts under Uefa criteria, a failure to pay taxes and not agreeing a deal with creditors.
He remains confident that the club will continue to exist and play at Ibrox
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Cuts delayed now till Friday.
seems they are putting all their eggs into this Paul Murray consortium's basket and hoping he can save the club.
Paul Murray saying any offer he makes shall be loaded with conditions, i.e. Ticketus and hmrc situations cleared up etc. No one in their right mind could buy that shambles, they've got little to no money coming in.
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ah but don't forget, on account of them being shit, they don't have a game this weekend. :thumbsup:
DOH!!! Forgot this was SC weekend.
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http://www.bbc.co.uk/sport/0/football/17283441
The fucking fuckers will fucking well worm their way out of this yet >:(
"conditions"......probably "Gonnae no dae that again"
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This delay is a fucking scandal
They are playing a squad they cannot afford. This is cheating.
If this was any other club they would be left with a half a groundsman and a tea lady.
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Of course if they are indeed liquidated and then re-emerge as a new club they wont be able to play in europe until season 2015-16.
You have to be registered with Uefa for 3 years before you are allowed into the champions or Europa league
Aye, but when they buy Cowdenbeath or whatever and rename them "Cunts 2012", they'll be straight back in.
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I wonder if the media will spend such a vast amount of time representing those of us offended by them getting away with this criminality, as they are doing quoting the bleating huns on how "it's all pure unfair and pure bad byraway cos weer real fans who deserve wur club and it's ok to want kaffliks deid cos weer a big team an no surrender byraway"
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Any other club (apart from the green coloured cheek of the same arse) would have long since gone up in a puff of smoke.
They are playing a squad they cannot afford. This is cheating.
If this was any other club they would be left with a half a groundsman and a tea lady.
Yep pretty much as I said..... cheating fucks :haterangers:
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Someone was telling me that even if liquidated Rangers could reform and remain in the SPL?
Something to do with the SPL and SFL being separate. So seeing as they are part of the SPL they could be let back in to the lowest tier of the SPL (i.e the SPL) if the SPL board vote them in?
Surely that's not correct though is it?!
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They could be voted straight back into the SPL, yes. Which is why it is important for the fans of the rest of the clubs to make it clear they don't and won't support it. If Rangers NewCo get voted straight back into the SPL that's it for Scottish Football for me. Sadly, it's an option with a far too realistic chance.
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You can lobby club chairmen all you want but it is the spl board not the eleven teams that decide whether the hun's spl shares can be transferred to NewCo. They aren't in the scottish league would have to apply to join to make up the numbers if everyone shuffled up a place if the spl didn't accept them back in.
For all the correctly directed anger and disbelief this isn't really without precedent given the scandal of 2p in the pound fc that are as good as qualified for europe, twice in administration jute fc and airdrie who went bust and bought there way back into the league (similar to what the huns want to do)
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Aye, but when they buy Cowdenbeath or whatever and rename them "Cunts 2012", they'll be straight back in.
Not sure about that.
Cunts 2012 FC still wont have been registered for 3 seasons (anyway if the bought cowdenbeath it would take them 3 seasons to get back up the leagues)
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got to wonder why we're persisting with the bullshit debt we're in. Default. Fuck the rest of the league. Third biggest travelling support. Scottish football needs us.
The baw's fucking burst.
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This is class... it'd bring a tear to a glass eye
http://forum.rangersmedia.co.uk/index.php?showtopic=213296
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This is class... it'd bring a tear to a glass eye
http://forum.rangersmedia.co.uk/index.php?showtopic=213296
I think if what you say is false, you should be fuckin banned, not forever but FOR GOOD
:lolabove:
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Doncaster really has to go from the SPL. First he lied to us all about the SPL TV deal stipulating 4 Old Firm matches (which it doesnt!) and he was on the radio yesterday claiming there are no SPL rules with regards to clubs being liquidated and not fulfilling fixtures. He's trying to set himself up to decide whatever he likes.
However. The SPL rules have specific rules regarding this scenario.
If any Club in the League ceases to operate or to be member of
the League for any reason, its playing record in the League may
be expunged and the number of relegation places from the
League shall be reduced accordingly
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Doncaster really has to go from the SPL. First he lied to us all about the SPL TV deal stipulating 4 Old Firm matches (which it doesnt!) and he was on the radio yesterday claiming there are no SPL rules with regards to clubs being liquidated and not fulfilling fixtures. He's trying to set himself up to decide whatever he likes.
However. The SPL rules have specific rules regarding this scenario.
Is that if it happens mid season though? If it happens out of season there is no record to expunge and no relegation as it has already happened. Think this is how Livi ended up in Division Three while Dundee got a points deduction (although obviously that is SFL not SPL)
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Doncaster was talking specifically about the process for if they were liquidated without finishing this season - he claimed there was no rules to determine what happened.
If they are liquidated in the summer the SPL Clubs/Board would have to accept a re-application. (there is debate as to whether it would be all 12 clubs voting or just the 5 board members. If it is just the 5 board members entitled to vote it is highly likely they will refer the case to the full membership anyway). Doncaster made a misleading comment like "The SPL Board would have the final decision on Rangers NewCo entering the SPL" which while technically correct (the SPL Board would have to authorise/verify the result of a vote of all 12 clubs) it gives the impression that the clubs not directly represented on the Board would have no say - which is not true.
He also made some very misleading comments designed to make it seem like the SPL is the only way Rangers will survive. I think his comment was "The SPL is the only option for Rangers NewCo" and inferred that they could not enter the SFL. What he was actually referring to was the fact that Rangers would not have an automatic right to enter the SFL (At Div 3 or anywhere else). They would have to apply like anyone else which I don't think has ever been doubted.
All this coupled with his lies over the TV deal should see him out on his arse from the SPL. I'm amazed his lies and agenda is not getting more media coverage.
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Doncaster was talking specifically about the process for if they were liquidated without finishing this season - he claimed there was no rules to determine what happened.
If they are liquidated in the summer the SPL Clubs/Board would have to accept a re-application. (there is debate as to whether it would be all 12 clubs voting or just the 5 board members. If it is just the 5 board members entitled to vote it is highly likely they will refer the case to the full membership anyway). Doncaster made a misleading comment like "The SPL Board would have the final decision on Rangers NewCo entering the SPL" which while technically correct (the SPL Board would have to authorise/verify the result of a vote of all 12 clubs) it gives the impression that the clubs not directly represented on the Board would have no say - which is not true.
He also made some very misleading comments designed to make it seem like the SPL is the only way Rangers will survive. I think his comment was "The SPL is the only option for Rangers NewCo" and inferred that they could not enter the SFL. What he was actually referring to was the fact that Rangers would not have an automatic right to enter the SFL (At Div 3 or anywhere else). They would have to apply like anyone else which I don't think has ever been doubted.
All this coupled with his lies over the TV deal should see him out on his arse from the SPL. I'm amazed his lies and agenda is not getting more media coverage.
:clap:
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SFA board meeting being held this morning to hear/discuss Lord Nimmo-Smith's inquiry.
Let me guess Rangers board members will be "condemned" and "the fans have been betrayed" and fuck all will happen.
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Doncaster was talking specifically about the process for if they were liquidated without finishing this season - he claimed there was no rules to determine what happened.
If they are liquidated in the summer the SPL Clubs/Board would have to accept a re-application. (there is debate as to whether it would be all 12 clubs voting or just the 5 board members. If it is just the 5 board members entitled to vote it is highly likely they will refer the case to the full membership anyway). Doncaster made a misleading comment like "The SPL Board would have the final decision on Rangers NewCo entering the SPL" which while technically correct (the SPL Board would have to authorise/verify the result of a vote of all 12 clubs) it gives the impression that the clubs not directly represented on the Board would have no say - which is not true.
He also made some very misleading comments designed to make it seem like the SPL is the only way Rangers will survive. I think his comment was "The SPL is the only option for Rangers NewCo" and inferred that they could not enter the SFL. What he was actually referring to was the fact that Rangers would not have an automatic right to enter the SFL (At Div 3 or anywhere else). They would have to apply like anyone else which I don't think has ever been doubted.
All this coupled with his lies over the TV deal should see him out on his arse from the SPL. I'm amazed his lies and agenda is not getting more media coverage.
cheers that clarifies it. Sounds like deliberate misinformation from him.
Sadly it seems more and more likely that they will sell off the assets to form a debt free club and get straight back into the spl with no liabilities and no responsibility for the hmrc big tax case. cunts
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All depends who they sell the assets too
Murray parks planning restrictions will mean its value is almost halved
Ibrox stadium and the surrounding land certainly wont be worth enough to cover the cost of a large tax bill and Im not sure HMRC would be so forgiving as to sell it back to a fans group for cheap price.
The only interested parties I can see would be those loveable rogues at Tesco. With no leverage the blue meanies wouldnt be able to negotiate getting a free stadium out of them so renting Hampden would be their only option (shoudl their fans still continue to turn up that is). Then of course I would hope Queens park would put them over a barrel
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Bear in mind that the main stand is a listed building so they wouldn't be able to knock it down and build something there.
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Coart hearing today found that there are 5 parties claiming ownership of the £3.6million in the bank of Rangers' solicitors. Among the parties are Rangers FC (i.e the administrators), Ticketus, HMRC and Craig Whyte.
4 day court hearing to commence March 29th to deal with it - so not what the administrators wanted to hear.
Can anyone really be serious about taking over Rangers FC when they have things like this, the EBT case, the two-contract SPL/SFA investigation a UEFA exclusion hanging over them?
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Bear in mind that the main stand is a listed building so they wouldn't be able to knock it down and build something there.
I think they would be able to demolish the rest but keep the facade of the stand for Category B?
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All depends who they sell the assets too
Murray parks planning restrictions will mean its value is almost halved
Ibrox stadium and the surrounding land certainly wont be worth enough to cover the cost of a large tax bill and Im not sure HMRC would be so forgiving as to sell it back to a fans group for cheap price.
The only interested parties I can see would be those loveable rogues at Tesco. With no leverage the blue meanies wouldnt be able to negotiate getting a free stadium out of them so renting Hampden would be their only option (shoudl their fans still continue to turn up that is). Then of course I would hope Queens park would put them over a barrel
Is that not the point? They sell the "assets" to the Blue Knights and the liquidate the club paying off as many of the creditors as they can (ie not many). Blue Knights then set up Newco and apply to take over the RFC shares in the SPL?
Mind you have we actually ascertained who owns the stadium and Murray Park yet?
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I think they would be able to demolish the rest but keep the facade of the stand for Category B?
Nope they would have to keep the interior as well. They could get rid of the top tier which is suspended above the old part.
If a building is listed you can't change the electric sockets without running it by someone first. Although I am not sure what level of listing it has. Yes they could build on the rest of the land but that part would have to stay.
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Highbury was turned into flats, keeping the façade of the Main Stand intact - although as fatjim said it all depends on what level of listing it has.
(http://www.viewpictures.co.uk/ImageThumbs/AM-HIGH-0028/3/AM-HIGH-0028_HIGHBURY_SQUARE_ARSENAL_STADIUM_RESIDENTIAL_FLATS_LONDON_ALLIES_AND_MORRISON_2009_HIGH_ANGLE_VIEW_OF.jpg)
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Highbury was turned into flats, keeping the façade of the Main Stand intact - although as fatjim said it all depends on what level of listing it has.
(http://www.viewpictures.co.uk/ImageThumbs/AM-HIGH-0028/3/AM-HIGH-0028_HIGHBURY_SQUARE_ARSENAL_STADIUM_RESIDENTIAL_FLATS_LONDON_ALLIES_AND_MORRISON_2009_HIGH_ANGLE_VIEW_OF.jpg)
Mizer is right it is a category B.
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Coart hearing today found that there are 5 parties claiming ownership of the £3.6million in the bank of Rangers' solicitors. Among the parties are Rangers FC (i.e the administrators), Ticketus, HMRC and Craig Whyte.
4 day court hearing to commence March 29th to deal with it - so not what the administrators wanted to hear.
Can anyone really be serious about taking over Rangers FC when they have things like this, the EBT case, the two-contract SPL/SFA investigation a UEFA exclusion hanging over them?
Bit more of that story on the BBC
Rangers are in danger of not being able to complete their remaining fixtures this season unless a decision is made on who is entitled to £3.6m held in a bank account, a court has been told.
The money is in an account of lawyers acting for Craig Whyte.
The funds were part of the process which saw Mr Whyte take over the club in May last year.
Lawyers for the club's administrators told the High Court in London they had expected to find £9.5m in the account.
But they said there was only £3.6m in the account and several parties are claiming ownership of the money.
They include HM Revenue and Customs, which wants £2.8m.
Merchants Turnaround is seeking £1m and pension fund Gerome is claiming £2.9m.
The court heard the football club's current financial situation was "grave".
It was told that Rangers were at the risk of liquidation, demotion from the premier league, and having the club's assets sold at a price that was not "like anything of its true value".
So thats two more companies after money. How many are there out there?!
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Snigger
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Thanks to some celtic fans the following has been uncovered:
Turnaround who are claiming £1 from the bank account containing £3.6m is a company linked to several Craig Whyte companies and CW is the secretary.
(https://p.twimg.com/Andni81CEAEtGT4.jpg)
The company's shares worth was registered within the last year as £74,975.
(https://p.twimg.com/Ands2nUCEAEpyDT.jpg)
So very strange that they would be able to claim £1 in unpaid debt.
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Looks as though they've not been making the pension contributions either. :wave:
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An interesting read:
http://rangerstaxcase.com/2012/03/08/rangers-deathwatch-qa/
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An interesting read:
http://rangerstaxcase.com/2012/03/08/rangers-deathwatch-qa/
Very informative, interesting point re Murray, and wonder how many huns are conned by his antics:
If liquidation is inevitable, why is Paul Murray saying otherwise?
As Graham Spiers accurately recalled on TV last night, this is the same Paul Murray who said that it made no sense for anyone to buy Rangers with the Big Tax Case hanging over the club. Yet, today he is posturing on the periphery trying to look like a hero set to save the day? Nothing about Rangers’ position has improved since then. I will call it as I see it: Paul Murray is fronting a consortium of ex-directors who want to claim the corpse of the club killed by their own actions. They are hoping to make life for Craig Whyte so uncomfortable post-liquidation that he will surrender his claim on Rangers’ assets cheaply. Paul Murray is neither so naive nor so stupid as to believe that he can really save the club. He is so cynical as to toy with the hopes and emotions of the Rangers’ many supporters
and first time I have seen all this:
To explain the breakdown of the debt estimate:
£18m – Wavetower (plus interest at rates Whyte can set- £26m at least by now- but let’s stick with £18m).
£12m – taxes (could be £15m per BBC Scotland)
£6m – misc. working capital owed by RFC at time of takeover (not including any increase due to Whyte just not paying bills)
That would be £36m debt before we consider the Big Tax Case. (It will be significantly more, but let’s not get hung up on precision).
Big Tax Case:
£20-24m in underpayment
£16-20m in interest (compounding daily- it has grown by about £2m in the time this blog has been running. Initial estimates assumed monthly compounding. This would have been low).
i.e. initial total of £38-44m
Penalty: assumed £18m.
That actually puts the debt at between £92-98m. My apologies for the low estimate above in the interests of conservatism.
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£98 fucking million
:lolabove:
They surely must be fucked......in any other country they would be, but I still wouldn't stake my life possessions on it happening here ::)
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Looks as though they've not been making the pension contributions either. :wave:
More about the Jerome pensions people
53% of Jerome's parent company is owned by Regenesis Holdings, which is owned by Whyte's associate Wulstan Earley
Unsurprisingly.
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£98 fucking million
:lolabove:
They surely must be fucked......in any other country they would be, but I still wouldn't stake my life possessions on it happening here ::)
This
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£98 fucking million
:lolabove:
They surely must be fucked......in any other country they would be, but I still wouldn't stake my life possessions on it happening here ::)
That was pretty much the exact figure the "fenian" freelance reporter managed to get a "no comment" from Martin Bain on between 18 and 24 months ago.
I mean, wow.
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From RangersMedia
"I have read and followed as much as I can stomach over this debacle, and have read most of Leggo's posts, and the weird thing is I wonder just how much John Reid is to blame for our plight.
His name has hardly been mentioned during this entire disaster!
Everyone else'e has.....
From Wiki...
At Celtic's Annual General Meeting held on 29 October 2009, Reid highlighted the plight of the club's closest rivals Rangers. In response to a question on the club's spending, Reid said:
"If you start getting into a position where you are running up debts that you cannot afford, spending money you don't have, it is the road not to success but to ruin."
DID he predict our road to ruin, or did he fire the first salvo towards us, and create the shitstorm we are now in.
Remember the crap that came our way, the snide comments, reffing interferance... he even caused them to strike.
Then after lighting the "BLUE" touchpaper, he pisses off....and here we are, sick to our stomachs not knowing if the club can even survive.
Lawwell gets most of the credit for the bollocks coming from CP, but I believe JR (Dr. apparently) dug the hole we fell into.
I would not put it past him, for him to have been the one to instigate/campaign for the HMRC action.
Ater leaving, it looks like his hands are spotlessly clean.
What George Galloway said about him also speaks volumes..
From Wiki
According to George Galloway, Reid is an accomplished singer and guitar player and "taught a whole generation of Labour activists, including yours truly, the entire IRA songbook".
Again, the press, OUR PRESS virtually ignored it, but it was extremely relevant to us, no?.
And this was also the same John Reid who as a British Government minister said that British troops might leave Afghanistan without a single shot being fired......
The death toll, today now stands at 400+
...and they bannered.... "NO BLOOSTAINED POPPIES ON OUR HOOPS"
Well, as Leggo says, we ken noo..........
This post has been edited by Helicopter Sundae: Today, 02:00 AM"
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Just been thinking about the time pre Whyte when Lloyds Bank were effectively running Rangers, and surely if they really were running the club they must have known about all of these alleged illegal practices.
If it can be proved they were in the know then surely they must face some form of prosecution over it ???
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From RangersMedia
Do they ever blame anyone apart from themselves?
Turning a blind eye when there was trophies makes them equally complicit.
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£98 million :o :o :o :o :wave: :wave: :wave: :wave: :wave: :wave:
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fucking scandalous if true, don't remember this happening for dundee, motherwell etc, in fact hmrc voted against Dundee's most recent cva
"HMRC has held meetings with both the Rangers administrators and the SPL to stress that the tax authorities would prefer not to see the club fail...
they are willing to have Rangers continue as an existing business – even if the club lose the tax case in respect of Employee Benefit Trusts – but only if Craig Whyte is out of the picture.
although an adverse decision by the tribunal that is considering the EBT case could saddle Rangers with a bill of £24 million in back tax, £12 million in interest and as much as £14 million in penalties,
HMRC will not stand in the way of a Company Voluntary Agreement – through which creditors emerge with a percentage of the cash owed to them – and that this has been sanctioned at Treasury level.
However, that will only be possible if there is what has been described within HMRC as 'regime change'. In other words, Whyte must have no connection with Rangers at the end of the process."
http://www.telegraph.co.uk/sport/football/teams/rangers/9129851/Rangers-players-told-football-clubs-future-is-in-their-hands.html
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Seems strange considering it wasn't Whyte who was the owner when they pulled off the EBT scam in the first place.
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Surely it'd be pretty obvious that HMRC want Rangers to continue.
if they go down the pan, then HMRC would get nowt would they not?
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Surely it'd be pretty obvious that HMRC want Rangers to continue.
if they go down the pan, then HMRC would get nowt would they not?
Exactly. Looking after their best interests.
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Surely it'd be pretty obvious that HMRC want Rangers to continue.
if they go down the pan, then HMRC would get nowt would they not?
Fair point, just trawling through a thread on P&B trying to catch up with everything.
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btw the huns don't have a home game till the 25th March. Given they are losing money hand over fist and still haven't made any savings will they last that long without cash coming in through the gates, their only source of income. If they do make it this far the game is vs Celtic and could see the tims win the title, which I sure will be warmly welcomed by the home support and won't result in violence and bigotry at all? But then of course apparently this vile institution supported by violent, wife beating, bigots is vital for the functioning of Scottish Fitba and Society. ::)
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Giving HMRC nowt was what got them in this pickle in the first place. Sad to think that by 'officially' doing exactly that, they'll get off with it.
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Surely it'd be pretty obvious that HMRC want Rangers to continue.
if they go down the pan, then HMRC would get nowt would they not?
Surely if the club are liquidated assets are sold off (anything from Ibrox to company cars to fixtures & fittings) and the money generated goes towards paying off as much of the debts (tax bill) that is possible from the sales.
So why should HMRC let them off with anything less than having to sell everything to pay them? HMRC agreeing to a CVA with a football club in a highly publicised case would open the floodgates and would very much not be in their best interests.
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Just been sent this:
Posted on the Bears Den- From reaction they trust the source of the poster
.’m probably breaking a confidence but trying to justify to myself that I’m really just bending the line as far as I can. This has come from the insolvency guru that has explained much to me in recent days. This is what I was told – believe it or dismiss it as you wish.
Hopefully word will filter through to those that need told that there are no secrets, there are no discussions that will forever remain private if Rangers do collapse. The players did not take us to this point but the supporters have a right to know which players may be about to hit the first blow in the last nail.
An agreement had been reached in principle for the 75:50:25 wage cuts.
Then two of our highest paid players, both out injured just now, told the Administrators that their wage cut should only be 50% as they couldn’t earn win bonuses. This despite picking up their full wages to date while on the sick and not being able to kick a ball in achieving those wins. The Administrators were angered that they were backtracking on the agreement and were ready to make them redundant and implement the agreement among the other players.
Then a third, highly paid, player met with the Administrators and demanded that a £1m release clause be inserted in his contract in case “he didn’t like the new owners”. Clearly that was impossible for the Administrators to agree to – they would be writing £2m off an asset, all for the sake of saving about £300k in wages from that player between now and the summer.
A fourth player decided that he could only now afford a 50% cut as he had cars to finance and debts to pay.
It was following these discussions that the Administrators decided that an early sale may be preferable to what was beginning to look like the decimation in the value of the squad if four of our biggest assets were made redundant.
Compare and contrast the attitudes of those four players, three of whom are massive Rangers fans, with two other players. It has been well documented that one highly paid player offered to play for nothing. That is correct. What isn’t well known is that another senior player decided that he’s made enough money from football/Rangers and that he would be prepared to walk away with nothing and probably retire.
If in the next 24 hours there is no sign of a quick sale being possible, and there is no change of heart from these senior players, there will probably be massive redundancies.
If Rangers do not complete their matches this season, the hypocrisy of those players will never be forgotten. Indeed their intransigence may have already engendered the sale to a newco and liquidation of the current company.
I know deep down that I have broken a confidence and lost a source but I had no choice.
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"the supporters have a right to know which players..."
and doesn't mention any names. Although I would assume the injured players are Naismith and Laugherty and the older player set to retire is McCulloch?
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"the supporters have a right to know which players..."
and doesn't mention any names. Although I would assume the injured players are Naismith and Laugherty and the older player set to retire is McCulloch?
That's who I took it to be.
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Players are in a tough spot in a way. They lead life styles that cost a lot and they need their wages to cover those costs. There's nothing wrong with that if they're living within their means. They're vilified for "only" wanting to take a 50% cut. That's out of order IMO my opinion. It's not their fault that the club is in this mess. As much as I hate all hunnery and associated cunts I can't help but feel the extent to which they're being vilified is unfair.
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That's who I took it to be.
I though McGregor would be one of them.
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I though McGregor would be one of them.
Surely he's the fourth with "cars to finance and debts to pay"? and I bet the one who offered to play for nothing is Healey or maybe Aluko.
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I reckon McCulloch would retire, Naismith and Laugherty are the injured pair who changed stories, Davis was the geezer wanting a million pound escape clause and McGregor has "bills". Healy would play for nothing.
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The SFA say rangers will be sanctioned unless they pay dundeeutd the outstanding money they're due following their recent scottish cup tie
Rangers owner Craig Whyte 'not fit and proper' person, rule Scottish FA
The Scottish FA have stated that Rangers owner Craig Whyte is “not considered to be a fit and proper person to hold a position within association football”.
In a statement, Scottish FA chief executive Stewart Regan said: “I can confirm that the Scottish FA convened a Special Board Meeting at Hampden Park today to discuss the findings of the Independent Inquiry into Rangers FC, prepared by the Chair, The Right Honourable Lord William Nimmo Smith.
"Principally, it is the belief of the Board, taking into account the prima facie evidence presented today, that Mr Craig Whyte is not considered to be a Fit and Proper person to hold a position within Association Football.
"We will be writing to Mr Whyte in relation to those findings and shall seek a response within seven days.
"The report submitted by Lord Nimmo Smith, having been considered fully by the Board, highlights a number of other potential rule breaches by the club and its owner. The report will now be used as evidence and forwarded to a Judicial Panel for consideration and determination as per the protocol.
"As such, the report’s contents will not be published at this time. Nevertheless, I can confirm that the club is facing a charge of bringing the game into disrepute."
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Fit and proper person? Should they not have checked this out before he took over Rangers, is this not the whole point of a "fit and proper person test", to stop clubs getting raped like rangers are? On the ball as ever sfa, on the ball ::)
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I reckon McCulloch would retire, Naismith and Laugherty are the injured pair who changed stories, Davis was the geezer wanting a million pound escape clause and McGregor has "bills". Healy would play for nothing.
Agree with all of that, but would swap Healy and that cunt McCulloch
Sure McCulloch :wanker: has already gone on record as stating he would play for nothing.
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Fit and proper person? Should they not have checked this out before he took over Rangers, is this not the whole point of a "fit and proper person test", to stop clubs getting raped like rangers are? On the ball as ever sfa, on the ball ::)
What....and run the risk of upsetting the blue cheek ;)
This would have been on their radar for anyone other than them or their bigotted brothers in the East End
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Christ what a waste of an "investigation" if that's what it was told to research. Anyone in Scotland could have told you he is not a right and proper owner. FFS
SFA release new statement:
We think Rangers might have financial problems.
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SFA statement is probably them reacting to HMRC news that they would need a regime change to support a CVA.
they can force the change themselves using the fit and proper rule, and Rangers can be saved. Hoorah for the SFA...
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If huns go bust and have to negotiate reentry to Scottish football, or just get demoted, I'd love the 11 clubs to take the opportunity to all leave the SPL and that lying cunt Doncaster in the wilderness, work with the SFL and SFA to create a new 3 tier professional system in Scotland with feeding system for amateur leagues, that writes a golden rule that cheating cunts will not retain a place anywhere near the big league.
If they/newhunco are to exist, they need to be made to crawl on their fucking knees just for the chance to play professional football ever again. At the very least, they should have to win promotion from amateur leagues to have any right to be included in the professional system again.
Anything short of this and supporters need to burn Hampden to the ground in protest. For starters.
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BBC Scotland reporting the 10 clubs outside the OF are to meet to discuss the future of Scottish Football
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BBC Scotland reporting the 10 clubs outside the OF are to meet to discuss the future of Scottish Football
http://www.donstalk.co.uk/messageboard/index.php?topic=12151.400 :thumbsup:
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Also facing disrepute charges for not paying United their share of cut receipts, to be heard on 29th March, same day as the Court Case for Whyte's lawyers money in London
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Also facing disrepute charges for not paying United their share of cut receipts, to be heard on 29th March, same day as the Court Case for Whyte's lawyers money in London
did they ever pay dunfermline? I presume not. Surely endangering the future of a fellow league member is fairly disreputable an all?
Then you add the whole 'being huns' scenario and it's an open and shut case.
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did they ever pay dunfermline? I presume not. Surely endangering the future of a fellow league member is fairly disreputable an all?
Then you add the whole 'being huns' scenario and it's an open and shut case.
Did you not hear that some Loyal Bears were going along to a Dunfermline home game, against St Mirren I think, and refund them that way
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Surely endangering the future of a fellow league member is fairly disreputable an all?
Then you add the whole 'being huns' scenario and it's an open and shut case.
Do they not already have form form this? Airdrieonians? I may be wrong but was there not some hunduggery that ultimately led to Airdrieonians going to the wall. I may be wrong.
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BBC Scotland reporting the 10 clubs outside the OF are to meet to discuss the future of Scottish Football
This simply has to be the best opportunity for many a year for the decent clubs in Scottish football to grasp control of their own destiny
OFGTF :thumbsup:
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Think its time the Whole of Scottish football is over hauled completely.
Get rid of this SPL nonsense and reinstate the SFA with 2 leagues of 20 teams.
4 automatic relegations, 4 promotions and bring back 2 games a season per team. AWAY / Home.
Get rid of the split, if in doubt of the TV money, Create our own TV channel and use the subs for that to be put back into the game evenly. Stop this silly early kick offs friday night kickoffs.
Games all played Saturday 3pm. Get the crowds back with competition as it is people are fed up only 2 (soon to be 1) team winning it all. If rangers go bust, and a newco is formed, back to the bottom and start from there.
Do not be scared of losing the TV money. but if and if the SPL clubs chase after rangers to admit them shake them down and wag a finger saying "and dont do that again" our league will be a farce.
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This simply has to be the best opportunity for many a year for the decent clubs in Scottish football to grasp control of their own destiny
OFGTF :thumbsup:
But they won't.... >:( >:(
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But they won't.... >:( >:(
You're right because it is full of old firm arse licking spinless bastards
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You're right because it is full of old firm arse licking spinless bastards
Is the correct answer! ;D ;D ;D
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BBC seem to think the huns are already down to the third division: http://www.bbc.co.uk/sport/football/teams/rangers
And in case they fix it:
(http://oi44.tinypic.com/72eyio.jpg)
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If you click on the Third division page it now says 'Aberdeen' at the top of that 10 spl clubs discuss story ???
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Rangers players have agreed the 25/50/75% cuts and there will be no
fun redundancies today.
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Rangers players have agreed the 25/50/75% cuts and there will be no fun redundancies today.
Is it not only Naisy and Whittaker that have agreed to it? Is it enough to prevent there being any fun today? Surely those two cunts (despite being high earners) won't be enough to stop Rangers needing to find a buyer today to prevent fundundancies?
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Taken from the Sun - Would anyone be remotely surprised if this were true. Why the fuck should any of us actually bother handing over tax if this how these cheating fucks are going to get away with years of blatant fraud and tax evasion.
RANGERS were thrown a dramatic lifeline last night as it was revealed the taxman WILL do a deal with the stricken giants.
But the crisis-hit club were warned their £49million battle with HMRC and the £9million bill for unpaid VAT and PAYE will only be resolved if owner Craig Whyte gets the boot.
The Scottish Sun can reveal a compromise deal — sanctioned at Treasury level — is within reach which could see the fallen giants pay back as little as TEN PENCE in the pound.
That would mean instead of paying a whopping £49million penalty, Gers could get off with forking out a paltry £4.9million.
But the negotiations hinge on new owners replacing shamed Whyte — and a company voluntary agreement in place with creditors.
Last night Duff and Phelps joint administrator Paul Clark insisted: "HMRC have said to me that they do not want Rangers to fail.
"There will be negotiations between ourselves, any new buyer and HMRC as to what that percentage will be. Assuming the company goes for a CVA there will be some form of deal done.
"Whether that deal is a 10 per cent deal, a 50 per cent deal or a 100 per cent deal over a period of time, that's all up for grabs.
"I don't suspect it will be a 100 per cent deal.
"Someone said to me that HMRC never accepted anything other than 100p. That is simply not true.
"People may have got that because of the attitude shown towards clubs in the English league.
"English football clubs have the football creditors rule. You don't have that in Scottish football.
"Ultimately a deal can, should and, I believe, will be done to offer HMRC a proper distribution from a CVA."
The Scottish Sun understands that a tax deal with HMRC — whose mascot used to be Hector the Taxman — has been discussed and given the go-ahead at the highest levels of government.
A source said: "This is welcome news for whoever wants to come in and take over Rangers.
"At least anyone coming in knows that HMRC are going to be flexible.
"It is also in their interest as if the club goes into liquidation they will get nothing.
"The deal is only on the table for new owners and NOT Craig Whyte. He has treated HMRC with contempt." The news will be a welcome boost for hard-pressed fans who feared the worst after administrators — who yesterday arrived at Ibrox in a light blue van — launched a last-gasp bid to sell the club.
Duff and Phelps also admitted they might not have enough cash to fulfil the rest of their games this season.
But last night Clark said he was confident the cash-strapped club would stay alive — and get out of administration.
He dismissed the fears of Gers director Dave King — who is planning a takeover with a consortium — that the club could die within weeks.
Clark said: "There has never been a plan for liquidation.
"There has never been a plan to destroy the fabric or history of the club.
"I don't think that we have ever suggested that liquidation is really an option.
"When people talk about liquidation they mean a closure, an end to Rangers Football Club.
"What people really mean is, could there be a sale of the business to a new company and then the old company is liquidated.
"I don't think that is likely but I accept it's still a possibility.
"We are still pushing towards a CVA and that's what we've always been pushing towards.
"I don't fully understand why anyone would suggest that the steps we're taking is a move towards liquidation.
"It has been a challenge and it will continue to be challenging on all aspects and that includes getting an agreement with the players. I am confident we can gain a CVA and be out of administration before the end of the season."
But Clark has urged potential buyers to stop posturing and get around the table.
He added: "We want to make sure that anyone who is really in, is in.
"We want them to show their hand as opposed to just talking about it. There has been a lot of talk.
"We don't think by this time next Friday we'll have our final party that are going to buy on the Monday thereafter. What we do hope is those parties still left next Friday will have properly expressed their interest and we can talk to a smaller contingent who want to move this forward.
"The sooner we can tease out who these buyers are and who these interested parties are the better.
"If that means it then takes another few weeks to finalise the deal then so be it.
"We will have a clearer understanding of where we are going. The talking is over, let's get on with it."
Read more: http://www.thesun.co.uk/sol/homepage/feeds/smartphone/scotland/4182291/Taxman-set-to-back-shock-Rangers-lifeline.html#ixzz1obc5Zlkw
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I suspect they might be willing to discuss a CVA on the 9million tax bill since Whyte took over, but they will not have even discussed the possible "Big Tax Case" outcome with Rangers, and I don't think they will be as willing to come to a deal over that especially if the new owners are former directors who were involved during the EBT scam.
Tyrant - I'm led to believe Naismith and Davis were in talks with the administrators on behalf of the whole group of players, to iron out the last disputes. It's a collective agreement with all the playing squad.
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Big Al, this was posted last night. On first reading sounds horrendous but I guess from the HMRC point of view if the Huns go bust they get nothing, if they don't do a deal then that is the most likely state of affairs, by agreeing a cva on their terms they are likely to maximise the cash they will get. Was probably always going to happen.
In other unfortunately good news for the Huns this morning, as well as the no redundancies news there are suggestions that Whyte won't be a secured creditor which may mean that rfc aren't liable for the ticketus deal and thus a lot less in debt than previously thought
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Also it should be pointed out that Motherwell and Dundee paid a lot less than 10p in the £1 when they went through a cva, so although it seems unfair it is actually a harsher deal than others have gone through.
Sadly Motherwell have shown cheating pays by staying the SPL and now qualifying for the Chumps League, as have Dundee by surviving in Div 1 despite cheating twice, if anything they are worse than the huns as they atleast should have learnt their lesson
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What a load of utter tripe. The reason CVA's have not gone through in England is not because they have the football creditors rule as such it's because there hasn't been enough money in the pot to pay HMRC what they want after football debts have been paid first.
Don't be drawn in by the weegia HMRC will in no way get NOTHING if the Huns are liquidated. HMRC will get a lot more than £0.10 in the pound they are No. 1 creditor Ibrox and Murray Park must be worth more than £0.10 in the pound of the money they are owed.
As far as I can remember HMRC were not the major creditor in Motherwell or Dundee cases and so had no power to block the CVA's. This is not true in the huns case.
Then we get into the fact that the £49 million Tax case hasn't even reached its conclusion and we are expected to believe that someone from HMRC is not only discussing an ongoing Tax case with a journalist but is alluding to the fact that an agreement is in place to accept only part payment - bollocks. I'd hazard a guess that the cost for the preparation of the case is getting on for a couple of million so why then go on to accept £4.9 million.
Even the stuff about HMRC only dealing with the huns if Whyte is out of the picture seems a bit too convenient for sensationalist journalism for my liking.
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IF it is true, I'll be pretty happy as we can all start paying 10% of tax.
:thumbsup:
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IF it is true, I'll be pretty happy as we can all start paying 10% of tax.
:thumbsup:
Yep, and I'll be claiming substantial back dated refund :wave:
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SSN confirming that Davies, Naismith, McGregor and Whittaker as biggest wage earners have all agreed to the 75% cut.
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Do they not already have form form this? Airdrieonians? I may be wrong but was there not some hunduggery that ultimately led to Airdrieonians going to the wall. I may be wrong.
Rangers Chairman David Murray dealt a decisive blow for Airdrieonians in 2002 when he demanded money owed to him by the club and was unsympathetic towards their cause.
Murray was quoted as saying: “I apologise to Airdrie’s supporters but something had to be done about this debt. Business is business and Carnegie Sports also have wages to pay,” bluntly refusing to help the debt-stricken club.
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Will what goes around come around? Will it fuck.
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No Rangers could leave £20m hole
Craig Brown says it would be a huge blow if Ibrox team disappeared
Published: 09/03/2012
ABERDEEN FC boss Craig Brown today claimed it could cost the SPL £20 million if Rangers go out of business.
Brown also admitted he’s hoping the SPL agree to allow Rangers to continue playing in the top flight if they win their battle for survival.
Brown said: “I have been tip-toeing through the tulips when asked about Rangers at the moment.
“You don’t want to say anything that might add to their problems.
“But I see no harm in admitting I believe it would be a huge blow to our game if Rangers disappeared.
“You only need to look at the problems Dunfermline encountered when they failed to get the gate money due to them from playing Rangers.
“If Rangers weren’t there every club would suddenly see money disappearing from their budgets.
“Neil Doncaster (the SPL’s chief executive) has talked about the SPL losing £20m if the league was restructured in the wrong way.”
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“You only need to look at the problems Dunfermline encountered when they failed to get the gate money due to them from playing Rangers.
“If Rangers weren’t there every club would suddenly see money disappearing from their budgets.
Imagine having problems because money you were owed, expected and had budgeted to get weeks in advance suddenly didnt turn up.
I know for a fact I would have a massive problem if my boss decided not to give me my pay cheque with no warning.
Lumping fuck I really hope this is some journo fiction because if not Brown is in danger of finding his way on the road to Media Mcghee-ville.
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Rangers: Paul Murray's Blue Knights finalise offer to buy club
Former Rangers director Paul Murray has confirmed that his 'Blue Knights' consortium is finalising an offer to buy the club.
Ticketus, who advanced money to Rangers in return for several seasons' worth of ticket sales, are part of the consortium along with fans' groups.
Murray feels his party "are able to deliver an attractive solution".
The group says "new and experienced" board members could be appointed in the event of a successful purchase.
He had previously been linked with a purchase of the club from Sir David Murray, who had owned the club since 1988.
The Blue Knights comprises Paul Murray, the Rangers Supporters Assembly, the Rangers Supporters Association and the Rangers Supporters Trust and Ticketus.
Since Rangers' went into administration on 14 February, Paul Murray's name has been consistently linked with a fresh takeover bid .
He said: "I believe that the Blue Knights, working in collaboration with the fans and Ticketus, are able to deliver an attractive solution that will see the club emerge from administration with a clear plan for the future that will bring the financial stability that the club needs.
"We firmly believe that a CVA [creditors voluntary arrangement] is the best way forwards and we are working hard to offer a solution that will enable this to happen.
"As the administrators have stated, the alternative route of putting the club into liquidation is much less attractive for creditors, supporters and players, with its capacity to destroy value.
""Under current UEFA rules, a football club is banned from European competition for three years in the event of liquidation. Taking this route would have a significant impact on Rangers' future revenues and the overall financial viability of the club, so it is something we want to avoid."
Rangers' administrators, Duff and Phelps, have already ruled out the possibility of the club playing in European competition next season as audited accounts are unlikely to be signed off by the 31 March deadline.
A deadline of 16 March has been set by Duff and Phelps for parties interested in buying Rangers to come forward.
Ticketus, whose advanced funds were used as part of Whyte's takeover , stated: "We believe that the Blue Knights understand very clearly what needs to be done to stabilise the club, and represent the most attractive long-term solution to Rangers' financial situation.
"We are therefore backing their bid and will be an active partner, contributing to a successful outcome.
"We believe working alongside the Blue Knights and fans' representatives offers the best chance of the club surviving and becoming a viable business."
Earlier, Ticketus had indicated they would be confident of winning any case relating to recovering the money they forwarded as part of Whyte's takeover.
The firm has taken legal advice after Duff and Phelps pursued the release £3.6m from an account belonging to Whyte.
A High Court judge ordered a trial date to decide who owns the money with Ticketus, HM Revenue and Customs, Merchants Turnaround and the pension fund Gerome contesting ownership of the funds.
HMRC want £2.8m, Merchants Turnaround is seeking £1m and Gerome is claiming £2.9m.
Rangers' administrator emerged from the High Court in London on Thursday pleased that the judge had ordered a further hearing on the club's claim on £3.6m for 30 March.
David Whitehouse argued that the money, frozen in his firm's lawyer's account, belongs to Rangers and should be released to ease the club's plight.
Lawyers for the club's administrator told the High Court in London they had expected to find £9.5m in the account.
But they said there was only £3.6m in it and several parties are claiming ownership of the money.
Meanwhile, Rangers' players and management have agreed to temporary wage cuts which will minimise redundancies of the non-playing staff and ensure the club can fulfil its remaining fixtures this season.
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It fucking stinks.
A director who is complicit in the mess they're in, being lined up to buy them back. What a load of pish.
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It fucking stinks.
A director who is complicit in the mess they're in, being lined up to buy them back. What a load of pish.
I'd imagine the "experienced" board members are pretty familiar with the Ibronx Boardroom already too.
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http://rangerstaxcase.com/2012/03/09/its-a-deal/
In a move backed by the Treasury, a government source today announced that the taxpayer will fund a stadium made of gold (complete with hover-pitch) for Celtic Football Club.
See- I can do it too. I can publish fabricated nonsense. Can someone now send me an NUJ card?
It is a confusing business following events surrounding Rangers these days. Depending upon the agenda of the day, we are treated to stories designed to either terrify players into accepting reduced terms or to build confidence in ticket buyers and prospective investors.
The story this week that the Treasury is supporting an HMRC deal to write off all of Rangers’ debts to allow a CVA to go through shows that a nauseating mixture of naivety and cynicism is still pumping through the hearts of the Scottish media. Are they really so stupid to believe the same individuals who briefed them on behalf of Whyte? Those same people are still employed by Rangers but are now fabricating on behalf of their new bosses.
(How many “HMRC about to do a deal” stories have we heard from the media in the last year?)
An actual source close to the facts of this story described the latest wave of claims of about a Treasury sanctioned deal as “utter bollocks”.
There is no process for and no history of the Treasury involving itself in this type of discussion. Of course, the people who invented this story know that HMRC cannot comment. So, they hope to do a “Dave King” and make all sorts of claims about deals with the taxman in the belief that the stories will go unchallenged and eventually be accepted as fact.
Quite what HMRC will do after the FTT returns a result is anyone’s guess. My guess is that after mishandling deals with Goldman Sachs and Vodaphone, they will want to demonstrate that all tax bills must be paid- end of story.
They might offer time to pay (which is of no use to Rangers as the amounts are unpayable on any time scale), but I think that they will want the tax paid in full.
However, the idea that anyone is discussing a deal- and with the Treasury no less- a bill that has not been legally determined and with an unknown amount- is just stupid.
Any journalist who accepted the word of a PR company, especially one that has been proven wrong in almost its every utterance about this subject, without seeing documentary evidence is an idiot.
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Any journalist who accepted the word of a PR company, especially one that has been proven wrong in almost its every utterance about this subject, without seeing documentary evidence is an idiot.
I don't think i have ever seen a nail so nicely hit on the head in text.
I really hope the guy that writes this blog lands a journalism job in Scottish football.
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Rangers: Tax case outcome 'will not hold up sale'
Joint administrator Paul Clark says the pending outcome of Rangers' tax dispute will not hold up the sale of the club.
Rangers are awaiting the verdict of a tribunal, commonly known as the 'big tax case', relating to payments to employees over a 10-year period.
"The big tax is something that is out of our hands," said Clark.
"Even if the big tax case decision has not actually been delivered, we still think that we could conduct a transaction with a new buyer."
And he added: "Just because we don't have the final extent of the amount that's outstanding, it needn't hold that process up, so it doesn't concern me.
"To some extent it's about what that would mean in terms of the deal that was offered to settle the big tax case."
Asked about the possibility of a "deal" being made with HM Revenue and Customs, Clark replied: "We're not at the stage where we can go to any of the creditors with any specifics and so I think that it would be too early for me to say what the chances of a deal with any of the creditors are.
"It's something that, when we've got a considered position, when we've got a suitable purchaser, that will be the time to sit down and talk to the various of the stakeholders who at the end of the day will need to make the decisions and that's the creditors."
Clark also reiterated his firm Duff and Phelps' view that the club can avoid liqidation and that the required information was being made available to prospective buyers.
"The plan of ours from the outset is to avoid any talk of liquidation," he said.
"We firmly believe that Rangers Football Club will continue to operate and that's why we are talking to all these parties and that's why it was so important to get all the necessary cuts in place so that we could keep the club in operation for long enough to enable a party to come in and make an acquisition.
"We have given as much clarity as we can. There are some issues that still need to be dealt.
"We believe that we can give that clarity to enable someone to make a considered judgement in a more stabilised environment so that they know what they're buying and that they know what they're getting into."
Meanwhile, former Motherwell chief executive Pat Nevin believes Duff and Phelps' success in reaching an agreement over wage cuts at Ibrox "is a way for Rangers to possibly survive only until the summer".
Former Scotland international Nevin, who was at Motherwell during the Fir Park club's period of administration, told BBC Radio 5 live: "There are two ways out; one's a CVA [creditors voluntary arrangement] then asking HMRC to look for 10p in the pound and the £49m big tax bill and there's a smaller tax bill - which is considerable too.
"If the HMRC do not agree then there is no route out. Nobody is going to come in and pay £60m/£70m to Rangers because that money will never be recouped.
"They still have massive problems."
Big difference between 'will not hold up' and 'we still think that we could'
Pat Nevin joining the growing list of people who dont have their heads in the sand
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They still have massive problems
phew! thank god for that!
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+1 :thumbsup:
was getting worried they were getting everything there way
>:D
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Surely this is all bollocks. Why the fuck would anyone buy Rangers, even die hard fans, while the big tax case is still undecided? Why would you voluntarily expose your self to a liability of at least £50M?
Aside from this bullshit the nauseating way the huns players are being held up as some kind of selfless, philanthropic individuals by many is staggering. How many weeks did they take to agree to the pay cut, how many (exaggerated?) statements of the imminent death of rfc did the administrators have to make before they agreed to deals with significant clauses in their favour attached? I don't blame them for that, it's their fucking livelihood but to suggest they are doing this for the good of rangers is yet more bullshit.
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See this EBT stuff?
Does that not mean that the players were also cheating the Taxman therefore they could bring charges against every current and former rangers player that got them?
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Doubt it though it usually works out as personal liability if your employer fucks up your PAYE.
There are football precedents, Arsenal being one, who paid a fucking fortune to HMRC to settle. Can't see them being pleased that they gave HMRC a huge wedge and the huns getting away with a small percentage.
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See this EBT stuff?
Does that not mean that the players were also cheating the Taxman therefore they could bring charges against every current and former rangers player that got them?
The 'contract' I seen says that the Huns will take care of the players liabilities.
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(http://www.image-share.com/upload/1343/86m.jpg) (http://www.image-share.com/ijpg-1343-86.html)
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(http://www.image-share.com/upload/1343/86m.jpg) (http://www.image-share.com/ijpg-1343-86.html)
Match.com is getting worse
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Hey, that's a Blue Knight!
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Hey, that's a Blue Knight!
It's rhyming slang.
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Fuck me she's been supporting the Huns all along, that's it I'm divorcing her.
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Fuck me she's been supporting the Huns all along, that's it I'm divorcing her.
If you look again I think you might find that it's actually her better looking sister...
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Firm claims £3m Rangers cash release was 'unauthorised'
Trustees for a pension fund which was considering loaning Rangers almost £3m have claimed the cash may have been released to the club without consent.
The Jerome Group is one of five parties chasing a share of £3.6m which Rangers' administrators had seized from Craig Whyte's lawyers, Collyer Bristow.
Trustees said there may have been an "unauthorised release" of £2.9m prior to Rangers entering administration.
A court hearing over the disputed £3.6m is due to start on 30 March in London.
Rangers' administrators Duff and Phelps had the cash seized from Collyer Bristow after expecting to find more than £9m in the account.
Contested claims
The administrators claim the cash was left over from Craig Whyte's takeover of the Ibrox club and should be handed over.
However, four other parties are contesting this.
Loan firm Ticketus is also claiming an unspecified amount.
Another finance firm, Merchant Turnaround, of which Mr Whyte is a director, is claiming £1m.
Jerome Group plc Pension Fund claims it is owed £2.925m.
The fund is owned by the Worthington Group, which Mr Whyte has a small stake in.
Trustees for the Jerome Group said on Monday that the fund had been considering making a secured loan to Rangers of just over £2.9m.
In a statement, the trustees said: "These funds were being held to the specific order of the trustees.
"The trustees gave no authority to the club's solicitors to release the funds and the sums held until recently in the club's solicitors account.
"However, the trustees now understand that the funds may have been the subject of an unauthorised release to the club in breach of this undertaking prior to the club entering administration."
The statement said the trustees had "obtained favourable independent commercial advice" over its claim.
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Ahh! Another week, another day and yet more people looking for thier cash.
Brilliant!
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http://blogs.channel4.com/alex-thomsons-view/dangers-rangers-tax-shambles/850
Monday 12 March 2012 6:33 pm
Alex Thomson
Last week I asked for non-Rangers and Celtic fans in Scotland to give me their observations on the current Ibrox detox. Several hundred emails later, I surface to bring you the first of a series of blogs.
First of all, a big “thank you” for the hundreds of emails and tweets. It is clear that very few Scottish football fans are of the Ahmedinejad tendency – almost nobody wishes to see Rangers ‘wiped off the map’. But when it does come to proper and fitting punishment, a strong consensus exists, of which more later.
What comes through strongly is the belief that the Rangers debacle is a genuine opportunity to rebuild Scottish football on a more interesting and fairer model. Ramsey spoke for almost everyone when he wrote: “Most see this as the perfect opportunity to better the league and the game as a whole.” A chance to recreate genuine competition in the SPL and consider wider matters beyond the “the self-interest of not just the old firm but the entire SPL.”
The key observation though, is that the current focus on owner Craig Whyte and declaration of his not being “fit and proper” to run a football club is missing the point.
As non-Old Firm fans see it, the decade or more long practice at Rangers of allegedly paying players one amount for tax purposes but another larger amount to save around £45 million on tax via so-called employee benefit trusts began way before Whyte. Legal or illegal. A least one former director has publically confirmed this too.
Rosaleen said: “It all stemmed from before Whyte’s arrival, and yet nobody up here from the media is doing any serious investigating beyond him!”
Though that doesn’t square with recent significant revelations in both the Sun and Mail shedding light on Ranger’s alleged practice of paying stars one sum but telling the authorities they were paying another, to save millions in tax. We await judgement from a tax tribunal as to whether or not this practice was legal. That is actually happened is not apparently in dispute, it is the legality that is under question.
And here we get to a huge groundswell of opinion from aggrieved fans beyond the Glasgow cauldron (pace Partick Thistle) Because the rules clearly state that you have to tell the authorities full details of player contracts or they are ineligible. If Rangers did not do this – and it is still an “if” pending that tribunal – a decade of silverware, championships and glory is under possible forfeit. The stakes could not be higher. If that is the case, Tony writes:
“In effect Rangers have fielded many players over many years in all competitions who were ineligible to play. This is confirmed by former Rangers director Hugh Adam last week and is subject to a current commission of inquiry by the Scottish Premier League.”
And it was also confirmed by Mr Adam who told the Mail the practice had gone on for longer than a decade and predated the SPL.
What many fans cannot understand though, is how key individuals in the game were serving both as directors of Rangers FC and on the Scottish FA and SPL. The job of directors – beyond trotting along to Ibrox and sitting in the box in a suit – is to oversee proper governance of the football club.
Campbell Ogilvie, for instance, is current President of the SFA and was not only a director of Rangers during the period under investigation but also company secretary of the club. It was his job to know about contractual arrangements with players.
So far Mr Ogilvie has not stood aside from his current role whilst the SPL investigation is underway. How many such contracts were signed? How many did he see? Did he know about them at all? If he did, did he sanction them being signed off? If he didn’t – why wasn’t he doing his job? Is there not a conflict of interest in his current position?
We are currently putting these and other questions to Mr Ogilvie via the SFA, but as things stand we are told he is not doing any interviews but is ‘distancing himself from the current investigations’. When we asked if he has formally stood aside pending the outcome of the investigation, we were told he has not.
As one fan put it: “If it is held to be true that Rangers, in implementing an unlawful tax evasion scam on a huge scale, fielded ineligible payers whilst those responsible were serving as directors of the regulatory and licensing bodies, we can say with certainty that the game of football in Scotland has been corrupt for 15 years or so.”
One Clydebank supporter put it thus: “I am now reading that I’ve been ploughing my hard-earned cash into a league that has effectively been rigged in favour of one big side…but now I’m expected to just move on.”
This is the key area fans want some answers about and where – right or wrong – they feel they are being short-changed by what they see – time and time again – as an over cosy relationship between the Old Firm, the SFA and SPL, and the Glasgow media.
One oft-repeated refrain is: “The media in Glasgow keep telling us how much Scottish football needs Rangers – what they mean is how much they need Rangers, not Scottish football.”
Nobody likes a cheat in sport. And here it’s claimed we have one in the shape of the loudest, biggest club with what some see as a tawdry history of bigotry, violent fans and a frankly supremacist culture. So when the bully and the cheat gets his comeuppance, there will be some vitriol.
If anything though, I was surprised by the considered responses most made to Rangers’ implosion. But of course there’s real anger out there:
“We have been duped…for 15 years,” wrote one fan, “and we are now sinking the boot into the perpetrators of the deceit. They have had a few days of pain. We’ve suffered nearly two decades. To hell with them and all who support them or feel sorry for them. They are cheats, simple as that.”
Well, it is for the HMRC and the tribunal process to decide if Rangers FC was, in fact and law a criminal and cheating organisation in the period under examination. But we can say there’s already evidence starting to emerge in public to support that as yet unproven allegation.
With the clock ticking at Ibrox, fans across Scotland are not short of ideas about what should happen. But as I said, remarkably few want Rangers wiped from the face of the earth. They just want existing rules implemented – a near-revolutionary suggestion it would seem, given the current unfolding saga at the top of the Scottish game.
Coming up next; Crime and Punishment – What to do with Rangers Football Club; should they be found guilty; and is liquidation the only way out?
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(http://www.image-share.com/upload/1343/86m.jpg) (http://www.image-share.com/ijpg-1343-86.html)
The Blue Knights of Bukkake.
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The Blue Knights of Bukkake.
:lolabove: :lolabove: :lolabove:
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The SFA’s “Fit and Proper” Test – A Farce? Part 2 – Dave King and Paul Murray – Bad News for the Blue Knights?
You can see Part 1 of this piece here.
What about Dave King?
According to the Scotsman article referred to by me in Part 1 (and I commend the full piece to readers) :-
“During a breakfast briefing with daily newspaper correspondents, it also emerged that Rangers director Dave King will not be permitted by the SFA to be an official at the Ibrox club post-administration as he was still serving on the board when they entered their current insolvency event under Whyte.“
This is an interesting one too. There is no note on the SFA website of this decision about Mr King. Mr King remains listed by Companies House as a director. Even though the publicity was that he had been dismissed by Mr Whyte on the Friday before administration.
But the Articles do not mention being a director at the time of an Insolvency Event as being a bar. Instead it is being a director within 5 years prior to a member club undergoing an insolvency event. Indeed, this means that a director of a team which had had an insolvency event in, for example 1980, and who had resigned as a director in 1976, would still fall foul of the Articles. There is no limit on how far back the restriction goes – as long as you were a director within the five years prior to an insolvency event at a club, then you are potentially persona non grata. I will come back to this point below.
Mr King might wonder why he has not been afforded the same due process given to Mr Whyte.
He might also wonder why Andrew Ellis is not mentioned either. After all, if the position of the SFA is that being a director at the time of an insolvency event triggers a ban, then why not mention Mr Ellis, or indeed Gary Withey?
As I say, in any event, the Article does not say what is being reported here.
Mr King has been a director of Rangers for over 10 years. He is accused, but denies, criminal tax fraud and evasion on a huge scale in South Africa. The linked article describes in detail the allegations against him, and the findings by a South African court.
Mr King was described as follows by the judge:-
The court had seen King testify for four days and “are unanimous in finding that he is a mendacious witness whose evidence should not be accepted on any issue unless it is supported by documents and other objective evidence”.
“It was remarkable that King showed no sign of embarrassment or any emotion when he conceded that he had lied to the (Sars) commissioner in a number of his income tax returns. In our assessment, he is a glib and shameless liar.”
To be fair to the SFA, this was only published in February 2011, and the tax issues were only known about since around 2001.
As the newspapers report continues:-
“In 2001, Sars levied a tax assessment against King for R912.8 million (£77 million), which has not yet been finalised. The High Court in Pretoria heard in 2002 that King’s income tax returns for the years 1990 to 2001 reflected a modest annual income of R60 000 (£5,000) and King had then asked to be deregistered as a taxpayer.
Sars launched an investigation into King’s affairs in May 2000 when it became aware that he had bought an Irma Stern painting for R1.76m (£148,000) and could not reconcile this purchase with his declared gross income of R60 000.”
The final determined tax assessment for Mr King and his companies totals R2.7 billion (£228 million)!
Yet for all this information, and the finding by a court that Mr King ADMITTED to lying in his tax returns (which one assumes is a crime in South Africa as it is here), and the finding that Mr King is a mendacious witness and a glib and shameless liar (which one assumes could constitute perjury), the first indication by the SFA that they are concerned about Mr King comes in a chat with journalists over breakfast, regarding him being on the Board of Rangers when the music stopped!
As Mr Regan says in the part of the Scotsman article in quoted in my previous piece – “The fit and proper person test is a myth. There is no test!”
Mr King’s continued role on the Rangers’ board for over ten years is proof of that.
However Mr Regan’s breakfast comments might help Mr King, because he can argue that he has not had due process, nor proper notification of a decision. If no formal decision has yet been made, then Mr Regan has jumped the gun, and could have caused his organisation as much trouble as Mr Whyte did for Rangers in unguarded and premature comments to journalists about Martin Bain!
Which Former Directors of Rangers plc might be Disqualified as not “Fit and Proper”?
Every director and office bearer of Rangers going back to the 15th February 2007 falls foul of the 5-year pre-insolvency rule.
That list is as follows:-
Craig Whyte
Dave King
Andrew Ellis
Gary Withey
Phil Betts
John Greig
John McClelland
Martin Bain
Donald McIntyre
Alastair Johnston
Paul Murray !!!!!!!!!
Donald Muir
Michael McGill
James Wilson
Sir David Murray
Quite how is Mr Murray, who is at the head of the “Blue Knights” going to get round this issue?
Mr Regan has made it clear – all he needs to do is to fill in the form and say that he is a fit and proper person! The problem is solved!
Conclusions
The SFA fit and proper person test is a farce. As I joked previously Hannibal Lecter gets in as long as he is prepared to lie on the form, or to indulge in “smoke and mirrors” tactics re interpretation of the rules.
Whilst the English FA is setting up a body to deal with this, the SFA refuses to do so, as it would involve a “cast of thousands”.
Maybe Mr Regan could ring his colleagues at the FA and ask them how they plan to do it, or even read the documents published by the FA?
If Mr Regan feels that the matter is one where the Articles are not fit for purpose, as was pointed out by the late Paul McBride QC last year in connection with the Neil Lennon suspension saga, then they should be changed.
As it stands the Articles regarding the fit and proper test (which does not exist!) do not reflect either what happens in reality, or what Mr Regan thinks should happen. Therefore they must be changed.
The Rangers mess is extending through all areas of Scottish football. It might allow the fundamental reforms needed to prevent a recurrence in the future, or, on a more modest level, to allow the SFA to do what it is required to do!
http://scotslawthoughts.wordpress.com/2012/03/11/the-sfas-fit-and-proper-test-a-farce-part-2-dave-king-and-paul-murray-bad-news-for-the-blue-knights/#comment-2512
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http://blogs.channel4.com/alex-thomsons-view/dangers-rangers-tax-shambles/850
The guy who wrote this is on twitter now claiming the SFA accused him of lying, pig-headedness and hung up on him when suggested there might be a conflict of interest with Campbell Ogilvie's position during the investigations into Rangers (EBT and 2nd contracts)
The SFA say the their President Campbell Ogilvie "did not know" about the EBT contracts while he was Rangers secretary, despite it being his job to know. The SFA will not allow Channel 4 news to interview Ogilvie.
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The guy who wrote this is on twitter now claiming the SFA accused him of lying, pig-headedness and hung up on him when suggested there might be a conflict of interest with Campbell Ogilvie's position during the investigations into Rangers (EBT and 2nd contracts)
The SFA say the their President Campbell Ogilvie "did not know" about the EBT contracts while he was Rangers secretary, despite it being his job to know. The SFA will not allow Channel 4 news to interview Ogilvie.
As the Channel 4 guys said in his blog I posted yesterday it is amazing that Ogilvie isn't be investigated never mind still operating as President of the SFA
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As the Channel 4 guys said in his blog I posted yesterday it is amazing entirely predictable that Ogilvie isn't be investigated never mind still operating as President of the SFA
Corrected :thumbsup:
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Stewart M. Regan ? @StewartRegan
@alextomo Please could you confirm who you have spoken to. thank you.
::)
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As if the hunwashed didn't have enough worries.....
http://www.dailyrecord.co.uk/news/scottish-news/2012/03/13/labour-launch-new-booze-crackdown-masterplan-with-ban-on-buckfast-top-of-the-agenda-86908-23786086/
:thumbsup:
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::)
Jeez, they are a bunch of morons!
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The SFA will be forced by FIFA to punish Rangers by docking them 3 points for every game they fielded ineligable players. Effectivley every season since it can be proved the two contracts started Rangers finished on 0 points. This will see them relegated to the first division as a minumim.
If the SFA do not do this (and I dont know how this will work with SFA/SPL being different) Scotland national team and Scottish clubs won't be able to play in Europe.
A statement released on Saturday by FIFA said if Sion were not punished by the Swiss FA, Swiss football would in turn be sanctioned.
"Following the latest developments in the FC Sion/Olympique des Alpes SA (OLA) case, and in particular the decision of the Court of Arbitration for Sport of 15 December 2011, the Executive decided to give a final deadline of 13 January 2012 to the Swiss FA to enforce the registration ban imposed on OLA by the FIFA Dispute Resolution Chamber and confirmed by the Swiss Federal Court and to sanction the attitude of the club repeatedly trying to circumvent this decision in a legally abusive manner."
"As a consequence, all matches in which the relevant players participated shall be declared forfeit or three points shall be deducted respectively.
"Should this deadline not be respected, the Swiss FA will be automatically suspended from 14 January 2012 onwards"
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What players were ineligible for the Huns?
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What players were ineligible for the Huns?
Anyone that had two contracts as I understand it?
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Anyone that had two contracts as I understand it?
So far it is just one ex-director who has said this though? Has there been any proof this practice was occurring?
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There is currently an SFA investigation into it with some pretty conclusive proof in the hands of many in the media.
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Part 2
Last week I sought the views of non-Rangers football fans in Scotland about the current meltdown at Ibrox. This is the second of three blogs setting out how they see it.
The straightforward view of all fans who responded is that, understandably enough, Rangers should be punished if found guilty of the allegation of systematically cheating their way to years of football success.
That said, the desire for justice, if there is indeed guilt, was balanced by extreme suspicion that Rangers would somehow escape justice. This is based on the widespread belief that the powers that be, from TV through the SFA to the SPL, desire Rangers in the top-flight league at almost all costs.
Joe wrote -
“If the SFA/SPL fail to act… then the repercussions for Scottish football will be even greater than the SPL without RFC. The fans of other clubs will unite as never before to ensure that justice is done and the rules are adhered to.”
13 rangers r 602 Punish Rangers if theyre guilty, say fans
Jamie said, if guilty, Rangers should be demoted and emerge under a different identity, perhaps “Govan FC”. He said -
“But they must build from the bottom anew. Applying to the league in the same way as Inverness Caledonian Thistle did when they were formed as a brand new club.”
And many looked abroad for European precedent where big teams had fallen foul of the laws administrating the game. The names Marseille and Fiorentina came up time and time again as clubs which had paid the requisite price, in the view of many.
Brian wrote saying that if Rangers are found guilty of malpractice, Uefa should take action -
“Allowing RFC, in whatever guise they eventually emerge, to remain in the SPL would make a mockery of their Financial Fair Play initiative. This is something I sincerely hope the 11 SPL chairmen will consider before rubber-stamping their return to top flight football.”
And talk of that 11 brings us to a big gripe – that the voting structure of the entire SPL badly needs reform because the Big Two – Rangers and Celtic – can block anything they don’t like.
As Stuart put it -
“If Rangers are not in the SPL next season, the voting structure of the league can be changed. Currently any motion can be blocked by two clubs. This enables the Old Firm to block any proposals put forward by the rest of the league.”
The current 11-1 voting structure is seen by many fans merely as a way of keeping the status quo the way the Big Two want it, not least in terms of cash and the distribution of TV money.
The view is that Rangers should go through due process and, if guilty, be required to pay back those who owe them money – which might turn out to be you and I, taxpayers, the way things stand.
If they have to sack people there is considerable sympathy for those individuals. If they have to sell Ibrox there is virtually no sympathy at all. Play by the rules. Start again from the bottom. Rebuild with a new identity and ethos.
As Michael said -
“If Rangers are allowed to remain in the SPL under current conditions and be given a slapped hand, I think from speaking to many others and reading other fan forums most of the fans will walk away from football.
“We do not follow non-Old Firm teams just for us to finish third, or to let the Old Firm have a league. Scottish football will change NOW, and Rangers have caused it all.”
Though you’d have to say, even in the context of Scotland’s peculiar SPL and two-team domination, the spectre of fans really walking away to concentrate on their golf, as one Aberdeen fan threatened – or equally, of banding together en masse – seems a little romantic.
In our final part of the trilogy, we’ll look at the widespread idea that what is happening to Rangers FC is in fact a great opportunity to improve Scottish football across the board, from governance at the top, down to the numbers coming through the turnstiles at the smallest of league clubs.
Read Alex Thomson’s previous Rangers blog
Read Channel 4 News’s coverage of the Rangers situation
Follow Alex Thomson on Twitter
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That punishment to Sion may be because of their actions outwith the court of arbitration for sport. That doesn't mean that Rangers will suffer the same fate at all. It just isn't the same thing.
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(http://www.rangers.co.uk/javaImages/4/bd/0,,5~10599684,00.jpg)
spot the mistake.
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(http://www.rangers.co.uk/javaImages/4/bd/0,,5~10599684,00.jpg)
spot the mistake.
Quite ironic really.
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Quite ironic really.
Oh absolutely.
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http://forum.rangersmedia.co.uk/index.php?showtopic=213894
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http://forum.rangersmedia.co.uk/index.php?showtopic=213894
Brilliant :lolabove:
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http://bluenose.co.uk/mr.custard.htm
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:lolabove:
you couldn't make it up
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Oh my word. Incredible.
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The new Rangers board meet the media for the first time....
(http://www.bluenose.co.uk/kettering07.jpg)
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How legal would it he to fill in dd forms for a charity using the account number and sort code?
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Just to confirm the account no is 00741594 or is the 5 a 6?
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anyone who sets up the other email will get the unclaimed payments
wish it was a hotmail etc email address
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anyone who sets up the other email will get the unclaimed payments
wish it was a hotmail etc email address
Buy the domain for a fiver.
Didn't Jeremy Clarkson print his bank details in his newspaper column in an effort to prove nobody could do anything with them, only to find numerous direct debits to charities be set up for him? That would be awful. Awful...
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Folk on P&B claiming the code for the international payments is also wrong and in completely the wrong format.
Also I see Murray has apologised for selling to Whyte, apparently he was duped, the poor dear. No apology for creating this mess in the first place however ::)
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Folk on P&B claiming the code for the international payments is also wrong and in completely the wrong format.
Also I see Murray has apologised for selling to Whyte, apparently he was duped, the poor dear. No apology for creating this mess in the first place however ::)
I don't buy (no pun intended) it at all. If Murray could rewind time I'm sure he'd do it all again. He was desperate to get off of the sinking ship hence he sold his shares for £1.
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Folk on P&B claiming the code for the international payments is also wrong and in completely the wrong format.
Also I see Murray has apologised for selling to Whyte, apparently he was duped, the poor dear. No apology for creating this mess in the first place however ::)
Duped? He's a business man, he should know all about due diligence.
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Yep, and he ignored it to GTFO
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Part 3 from Alex Thomson:
http://blogs.channel4.com/alex-thomsons-view/
OK – yes, I’d expected a deluge of emails when I asked for non-Rangers’ fans to respond to the current interesting period chez Ibrox .. but I hadn’t bargained on Christian Aid getting in touch.
So – just for a line or two – Scottish fans bear with me for a digression into NGOs and Ibrox. Believe me, I’m as surprised as you.
It turns out that Christian Aid recently decided to look into football governance across these islands and the findings came up with some intriguing material. I received the following email from Christian Aid:
“Back in season 2009/10, Christian Aid released the report Blowing the Whistle, which includes a league table of financial secrecy in UK and Irish football. Rangers were the only Scottish club to make the top 20, coming in at number 6. We also included a box on the South African tax issues facing Rangers director Dave King, which have subsequently come to a head.”
Coming with this an attachment setting out why financial openness matters in sport generally and in football in particular. The argument ran that a football club is more than a plc in reality, if not in company law:
“Football clubs are social entities, not corporate assets. As the football fans’ organisations Supporters Direct and the Football Supporters Federation said when they backed Christian Aid’s call for transparency in 2010: “the story of these clubs is the story of those communities, and the stories of the generations of families who have supported them through thick and thin: as someone once said, ‘No one ever had their ashes scattered at Tesco’s’.”
“The social value of clubs makes it possible – sometimes! – for club owners to make millions from fans but it also imposes a great responsibility on owners. When they put clubs in the hands of highly complex companies… they make it much harder for fans to be confident that owners are meeting that responsibility. That is one reason why financial secrecy must be opposed. The case of Rangers highlights once again the emotional cost for fans.”
And what of those fans. One thing is for sure – when Alex Salmond said recently that in his opinion Glasgow Rangers are important to the future of Scottish football – he was sure to enrage as many fans as he would please.
Fan after fan after non-Rangers supporters said they believed passionately that this is a huge opportunity. The potential down-sizing of RFC, fans say, is the golden opportunity at last to create the kind of competitive league which fans have craved for many a long, lean, silverware-free year..
Gus emailed saying:
“A competitive league would make up a significant amount of the money lost from Sky/ESPN if Rangers were to become weaker, through increased crowds. My team, for years has cuts its cloth according but Rangers continue to win things with money they did not even have, thats surely not sporting fair play?”
No Gus, it does not seem terribly fair and there’s little doubt that Rangers were living on tick – that’s not in dispute, Very big fat tick at that. The argument runs that the loss of possible TV revenue is basically compensated for, and more, by a revival of interest across the rest of the SPL and beyond. The concept is, people actually both to turn up through the turnstiles if they sense that at long last the ‘diddy teams’ in the Old Firm parlance, might actually become undiddy and start winning things.
Many, like Ryan, directed their ire on the governing bodies of the game whom so many accuse of being overly cosy with – and dependent upon — Rangers and Celtic:
“When are the SPL and SFA going to listen to the fans, the fans want a bigger league with an even distribution of sponsor/tv to all clubs so they can develop and have a realistic chance of competing for honours but with the current system the Old Firm dictate what is going on they pushed through a undemocratic voting system so they could control the game in Scotland and let’s be honest they don’t care where they finish in the league as long as it is ahead of their rivals and they are prepared to go to any lengths to achieve this.”
Many pointed to the English Premier League – often criticised by English fans as uncompetitive in too many season of late (writes a loser Newcastle United fan whose team last won silverware when he was 8), but which is in fact a nirvana of competitive mystery every season compared with the increasingly hopeless fare served up by the SPL:
Here’s Keith:
“Whilst that works in countries like England, where there is so much money that even the likes of Wigan get a slice, it doesn’t work in countries like Scotland, where there are 2 massive clubs who have all the power and several middle-sized/lower-sized clubs with no power, feeding off the proverbial scraps. With that in mind, our league is uncompetitive and dull, and the lack of competition affects everything from the quality of our youth players to our representatives’ performance in Europe.”
And so to that opportunity:
“This is a chance for Scottish Football to start recovering; for our traditionally strong clubs such as my own team, Aberdeen, Hibs, Hearts, Dundee and Dundee United to actually have a future as a level playing field would be realistic. The game is currently on a life support machine in this country and a massive factor in that is how much sway the Old Firm have over the rest; financially, media exposure, voting rights etc.”
“What non SPL Teams want is a fair league, like any other small European country, where it is a competitive sport, not just something that makes two clubs very rich and guarantees them victory all the time. It’s sad, but not surprising, that a lot of English-based media look at the SPL as a Celtic-Rangers fetish, because it is quite interesting, but for Scottish fans its ultimately very frustrating and not how virtually every other country in the world views the game.”
So wrote Stuart – helpfully adding that in Austria 6 points separate 6 teams, and in Poland at the top 6 points separate 5 teams. not your SPL by any stretch, we can all agree.
And so, concluded Stuart:
“Now doesn’t THAT sound exciting? Its time for a league based on fair competition, not keeping the rich rich and the poor poor.”
Equally there were lots of ideas out there to stir things up and change the way things happen – if the authorities want to do it. Though with the current SPL 11 -1 voting system in place it is easy to stymie any initiative that basically reduces the income and grip of Celtic and Ranger upon things. Another Keith suggested this:
“The governing bodies in Scotland could simply find ways of making the league fairer. They could be innovative and use an American Sports model, for example, where all the income is gathered by the league and split amongst the member clubs. That is just one of many ideas which would allow for a fairer game in Scotland.”
Keith – if you’re out there holding your breath – please don’t. It is Scottish football that’s on life-support – not you please.
Finally a word about the Old Firm and use of. About five zillion Celtic fans have pointed out how offensive they find it to be bracketed with Rangers. The answer my Celtic friends, lies in the words of these last three blogs and the verdict of your fellow fans is upon you. Like it or not there’s a frim, it’s old and it’s Celtic-Rangers and until the power balance is shifted by whatever means, that won’t change much.
Remember Burns and the gift of seeing yourselves as others see you.
Expect further blogs and depending upon the digging, some TV coming up, as the Rangers Ibrox saga unfolds.
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Part 3 from Alex Thomson:
http://blogs.channel4.com/alex-thomsons-view/
He quotes me in that but doesn't name check me... the cheek of it!
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Latest hun news,
It seems Rangers are now not actually in administration due to the fact the admins have not spoken to the FSA
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17373292
If this is the case, that surely removes any hurdle the HMRC has to take over Rangers for their money and allocate their Own administrators..
This is quality cant stop laughing
:lolabove:
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Just as pertinent that they are planning ticketus as a creditor, but yes the gift just keeps on giving
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http://www.youtube.com/watch?feature=player_embedded&v=1pDk75Y1SZ4#! (http://www.youtube.com/watch?feature=player_embedded&v=1pDk75Y1SZ4#!)
:rofl2:
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nicely pinched mizer ;)
Funny as fuck though, that shoulder popping is immense :D
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Fucking hell. Now that was cringe worthy.
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The fuck..... :lolabove:
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It's locking away he needs.
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Classic ;D .
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Notices of Complaint issued
Thursday, 15 March 2012
The following Notices of Complaint have been issued by the Compliance Officer:
Issued to: Rangers FC
Dates: 6th May 2011 to 6 March 2012
Disciplinary Rule(s) allegedly breached: Rules 1, 2, 14, 66 and 71
Principal Hearing Date: Thursday, 29th March 2012
Issued to: Craig Whyte, Director, Rangers FC
Dates: 6th May 2011 to 6 March 2012
Disciplinary Rule(s) allegedly breached: Rules 66 and 71
Principal Hearing Date: Thursday, 29th March 2012
Rule 1 (b): All members shall:
(b) be subject to and comply with the Articles and any statutes, regulations, directives, codes, decisions and International Match Calendar promulgated by the Board, the Professional Game Board, the Non Professional Game Board, the Judicial Panel, a Committee or sub-committee, FIFA, UEFA or the Court of Arbitration for Sport;
Rule 2: Each member shall procure that its officials, its Team Staff and its players act in accordance with Rule 1.
Rule 14 (g): Full membership or associate membership may be suspended or terminated, or a fine may be issued, in any of the following circumstances:-
(g) where a full member or an associate member suffers or is subject to an insolvency event.
Rule 66: No recognised football body, club, official, Team Official or other member of Team Staff, player, referee, or other person under the jurisdiction of the Scottish FA shall bring the game into disrepute.
Rule 71: A recognised football body, club, official, Team Official, other member of Team Staff, player or other person under the jurisdiction of the Scottish FA shall, at all times, act in the best interests of Association Football and shall not act in any manner which is improper.
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http://www.youtube.com/watch?v=BnwJ5KIcKX4
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I've read enough forum posts, newspaper reports, journalists opinions, radio gossip and tv interviews about what might happen.
So far, after weeks of being told they've cheated the league, government and rivals out of MILLIONS the only people who have had to suffer are a few players that have cut their earnings down to £5k a week. Where that money is coming from is by-the-by.
I want to see some fucking action.
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Some interesting tweets from Alex Thomson (Channel 4 reporter) I've lifted from elsewhere:
Asked
"What is your motivation here Alex, why has channel 4 who have no football links decided to target Rangers?"
He responded with
"News. I had no tsunami links till Japan"
alex thomson ? @alextomo
Reply
Retweet
Favorite
· Open
@ tagsbo I'm touched by yr concern, but after 25 yrs as a war cor I can sense conspiracy a bit
and his latest blog:
Over the past week I have blogged the views of non-Rangers fans about what is happening at Ibrox and across the game in scotland generally. Now it is the turn of Rangers fans themselves. Celtic fans promised me I would get a great deal of abuse, bigotry and arrogance. They are wrong. What they delivered was considered constructive and informed.
True, far fewer Rangers fans emailed than the deluge of non-Rangers supporters last week and I am still unsure quite what the reasons are for that. Frankly you couldn’t blame them for being catatonic with shock given the shenanigans around Ibrox. I just hope the previous blogs have not put them off. However plenty have got in touch and here’s what these Ibrox faithful have to say.
15 rangersfans r 602x200 Rangers fans have their say
Like most, Simon took it on the chin, no ducking the issues now:
“Rangers FC, from the boardroom to the supporter have been bereft of any real leadership for more than 2 decades. At a corporate level we suffered the autocratic and egotistic rule of Sir David Murray. He used a fire-fighting style of management…and overspends…”
Further – and this is significant as fans of all persuasion keep on pointing to this across Scotland – he alleges that an all-too-cosy relationship between Rangers and the local media (newspapers in particular), became so serious that people simply lost touch with financial reality – in fact reality full stop. Simon again:
“His (David Murray’s) control of the support was excellent and was via his contacts in the media. This created a culture within much of the support that forgot any critical awareness they may have had when it came to the football club. This meant Craig Whyte was able to ride into town (takeover may be a huge story in itself) and stay on the saddle for so long despite what was out there in the public domain.”
And if I hear the phrase “succulent lamb” once more, I’ll go vegan. A notorious story written by a Glasgow journalist praised David Murray’s taste in fine wine and succulent lamb dinners. It’s become a Glasgow by-word for a local media who bought unquestioningly into the lavish claims being made by the likes of Mr Murray at Ibrox.
So on this Simon speaks for many more: Rangers, Celtic, Heart of Caledonian Thistle Academicals, you name it.
Many Rangers fans said critcs just want to see the club destroyed – but that is not borne out by my inbox at any rate, of many thousands of responses.
That said, most Rangers supporters accepted the fans had been ‘duped’ – to coin Mr Murray’s favourite current word – and many Rangers fans really are facing it square on and dealing with it. Many say it’s not about football results any longer at all. It is about re-establishing a credible identity for the entire football club so many cherish across Scotland – across the world.
Ross took the chance to put me firmly in my place (rightly) and point up the true losers in all this:
“While you are doing your little blogs and reports from London, remember there are good honest people who have been victims of this, they have paid thousands of pounds to follow their team under the stewardship of men who are not fit for purpose. We, the Rangers supporters are the biggest victims in this situation.”
Agreed. Ross, I can make the blogs bigger if you really want. And for info I’ve not done any reports on TV from London – just Glasgow. I intend keeping it that way.
And for all those out there – many, many of them – who seek to portray the relationship between Rangers and the SFA as some kind of cosy club, well many an Ibrox regular would disagree. Rangers Football Club has been convicted of no crime thus far and should be presumed innocent until the Tribunal and other investigations show otherwise, say many. But they feel shunned by football’s authorities in Scotland in their hour of need. Here’s Frank:
“The SFA and SPL appear to be the only two bodies in world football that do not wish to assist a member club in times of trouble…why is this? As yet Rangers have been found guilty of no crime!”
It was repeatedly pointed out that Employee Benefit Trusts (the means by which many Rangers were paid, and at least one director we now know) are entirely legal and will bother nobody if properly administered – though much hinges upon that ‘properly’. Robert suggests this is a sideshow and not the real issue at Ibrox at all:
“There is a real anger towards David Murray and Craig Whyte for the position we now find ourselves in. Rather than governance of the SFA and the SPL and looking at a conspiracy that doesn’t exist – I would suggest a more pertinent line of investigation which would be welcomed by all at Rangers Football Club would be into the actions of the Murray Group …”
That being of course, David Murray’s group which bought Rangers, undeniably took it places and to resounding success on the field .
So was due diligence carried out upon Mr Whyte? Undeniably fertile ground in which to dig .That is something Robert, and surely other fans across the country could agree upon?
On that, as on so many other aspects of Ibrox, much more will no doubt come out in the days and weeks to come.
For now, I’ll get this out, say thanks to all Rangers fans for helping me out when you’ve all got better thngs to be doing, and book my Easyjet passage back to Glasgow for next week – watch this space.
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also:
@alextomo: HMRC says tax and national insurance liabilities covered by EBT cases in UK are around £1.7bn
That would suggest HMRC won't be wanting to back down on this, if they make a deal and let Rangers off they could be losing hundreds of millions of punds in taxes.
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http://en.wikipedia.org/wiki/List_of_football_clubs_in_Scotland
Somebody having a bit of a laugh with the section Former Scottish Football League members.
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David Whitehouse of Duff and Phelps said there had been "worldwide interest" which could see more bids submitted even after Friday's deadline had passed.
Deadline
Noun
deadline (plural deadlines)
A date on or before which something must be completed.
???
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Deadline
Noun
deadline (plural deadlines)
A date on or before which something must be completed.
???
"I love deadlines. I like the whooshing sound they make as they fly by."
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(http://i40.tinypic.com/4zvris.jpg)
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tims can win the title at ibrox next weekend. I think i actually might watch that, it has the potential to be a firework filled bloodbath.
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tims can win the title at ibrox next weekend. I think i actually might watch that, it has the potential to be a firework filled bloodbath.
Not if Motherwell win on the Saturday. Not like Sky to realise there are teams outside the Old Firm in Scotland ::)
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Not if Motherwell win on the Saturday. Not like Sky to realise there are teams outside the Old Firm in Scotland ::)
True but are Motherwell really going to turn around what is currently a +37Goal difference in 8 games?
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Nope, they won't even win all their games. But that's not the point. If you want to think like that then they have already won the league so the game at Ibrox isn't a title decider either way.
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True but are Motherwell really going to turn around what is currently a +37Goal difference in 8 games?
Are Rangers even if they win the OF game?
To actually be crowned champions Well have to drop points.
Torn between wanting Motherwell to pick up points so it there isn't a blood bath ain Glasgow on Sunday and wanting Well to drop points so we can watch the bigots rip into each other.
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If Well drop points I might actually watch the OF game for once! They usually bore me to fucking tears. Although I can see the huns doing everything possible to prevent Celtic winning the title at the big hoose.
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If Well drop points I might actually watch the OF game for once! They usually bore me to fucking tears. Although I can see the huns doing everything possible to prevent Celtic winning the title at the big hoose.
Pitch invasions, coin throwing, attacking referees, parcel bombs to Neil Lennon?
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Pitch invasions, coin throwing, attacking referees, parcel bombs to Neil Lennon?
I hope so not.
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Yeehaaa, looks who's appeared on the scene:
http://news.stv.tv/scotland/west-central/301043-ex-dundee-director-di-stefano-tells-qatar-ruler-buying-rangers-is-best-deal-in-football/?utm_source=twitterfeed&utm_medium=twitter
Ex-Dundee director Di Stefano tells Qatar ruler buying Rangers would be 'best deal in football'
Mr Di Stefano stated he would have 'no role whatsoever' should the Emir of Qatar move to take over the Ibrox club.
By Mike Farrell
19 March 2012 14:45 GMT
Comment
Former Dundee FC director and controversial lawyer Giovanni di Stefano has told the ruler of Qatar buying crisis-hit Rangers is "the very best deal in football".
The lawyer, dubbed the Devil’s Advocate after representing serial killer Harold Shipman and Iraqi dictator Saddam Hussein among others, told STV News he had highlighted the situation of the Ibrox Club to the Emir of Qatar.
Mr Di Stefano, who is currently facing charges of defrauding clients out of £140,000, stated that he would have "no role whatsoever" should Sheikh Hamad bin Khalifa Al Thani try to take over Rangers.
Relatives of the Emir have been taking an interest in European football in recent years with his son and heir apparent Sheikh Tamim buying over Paris Saint Germain through the Qatar Sports Investments firm, while his relative Sheikh Abdullah purchased Malaga in Spain for around €36m in 2010.
On Monday, Mr Di Stefano told STV News that he had contacted the Emir to highlight the possibility of him buying the Ibrox club, who called in the administrators last month.
He said: "All I have done is pointed out to His Excellency and his advisors that in my view, if nothing else, Rangers represents the v