http://scotlandonsunday.scotsman.com/football/Sale-of-Rangers-FC-39will.6650410.jp

 

Quote

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.

Debate on 5Live this morning apparently, Does Scottish Football Need Rangers (sic)?

If anyone can tune in and set the record straight.......

I think this whole episode has demonstrated in a dramatic, sometimes brilliant, sometimes incredulous way that Scottish Football didn't WANT Rangers (deceased) nor Newco or anything else for that matter.

 

No one liked them, we don't care.

I think this whole episode has demonstrated in a dramatic, sometimes brilliant, sometimes incredulous way that Scottish Football didn't WANT Rangers (deceased) nor Newco or anything else for that matter.

 

No one liked them, we don't care.

 

This.

Daily Retard claiming only 250 season tickets sold.

 

Given the utter shambles they are in, should they not have waited until they knew which league they were going to be in before announcing season ticket prices?

Rangers have only sold 250 season tickets?  I thought they didn't do walking away?

Henry McLeish on 5live saying he supports 1st Div as does Spiers.

 

Ignoring that there is no fucking way that can happen.

 

These Hun motherfuckers were going postal about rule changes just for them but that's precisely what's happening. Just kill them off completely and be done with it.

Daily Retard claiming only 250 season tickets sold.

 

Given the utter shambles they are in, should they not have waited until they knew which league they were going to be in before announcing season ticket prices?

 

I'm amazed that even despite how fucking monumentally thick their support is, there are 250 of them who have taken it to new levels and basically thrown their money down the toilet. 

The thing I'd forgotten was all those debenture holders on the club deck. All gone! Ell oh ell!

So thats less than £150,000 working capital - administration looming again 

I heard 1000 sold.

 

From what I hear, they're holding back because they don't trust Green rather than a Divisional issue...

 

 

I heard 1000 sold.

 

From what I hear, they're holding back because they don't trust Green rather than a Divisional issue...

 

Waiting for Bomber to come and save them

 

Guess who is apparently signing for them now....

Should have seen that one coming.

Guess who is apparently signing for them now....

 

Nobody.

 

They can't.

 

The cunts don't exist.

 

Would those season ticket holders be creditors when hunco go into administration?

The end of this is incredible.  Click the link to see their ..eh... wonderful presentation document.

 

http://www.telegraph.co.uk/sport/football/teams/rangers/9379754/Rangers-in-crisis-Friday-the-13th-could-be-particularly-unlucky-for-Ibrox-newco.html

 

A misconception gained currency this week that the Scottish Football League had fixed next Thursday as the day upon which the Rangers newco’s fate would be determined, either as a parachuted entry into the first division or through the third and lowest tier.

 

“Do you seriously think we would choose the 12th of July as the day to relaunch Rangers?” one SFL luminary asked rhetorically, in an unsubtle reference to a date which – with its specific reference to Irish history – has been commemorated in more than one ballad from the Ibrox songbook over the years.

 

Having chosen to avoid that particular niche in the calendar, the SFL board on Thursday fixed upon the equally resonant Friday the 13th, a day dear to the hearts of fans of the slasher movie genre.

 

In this instance, the tension in the plot arises from the desire of many Rangers fans – egged on by some SFL chairmen – to start again in the basement, in contrast to a horrified audience of administrators and SPL chairmen (including some who voted to sling them out of the top league) who are screaming: “Don’t go down to the cellar!”

 

More prosaically, David Longmuir – chief executive of the SFL – confirmed the date after the league’s directors met at Hampden Park

 

Longmuir said: “A specially convened meeting of all clubs is planned for next Friday.”

 

Longmuir asked for the 30 clubs to be afforded time and space to come to a decision after some claimed they had been “bullied” into accepting the newco club into the first division. The Scottish Football Association chief executive, Stewart Regan, warned that the game in Scotland faced a “slow, lingering death” if the Ibrox club has to restart in the third division.

 

Regan claimed that Scottish Premier League clubs, who rejected the new company’s top-flight application, stand to lose £15.7 million if Rangers go to the bottom division. In that case, the cascade effect would tip some SPL clubs – by their own admission – into administration, with several lower league clubs in similar peril.

 

Longmuir said: “The time has come for all outside influences and pressures to stop. So I ask all other bodies to leave it to those who have been put in this invidious position to make a decision in the best possible interests of the game.

 

“I have every faith in the judgment of those clubs and their boards to make a decision, considered and reasoned, which will be in the best interests of the game, how it’s structured, how it’s governed and how it’s financed.”

 

Longmuir also revealed details of the voting process that will be applied. The first vote will decide if the SFL can accept Rangers, with a simple majority required.

 

If that ballot is in favour of a Rangers application, it will be, according to Longmuir, “supplemented by further resolutions that we would have to implement to change our rules.

 

“The SFL clubs clearly have choices but what we plan to do is make the choices very, very clear to them by giving them the right information and to work over the next week to pull together the plan that’s going to take the game forward through this mini crisis. I believe that with proper collaboration we can get everybody onside with this.”

 

Meanwhile, more details of the SPL special general meeting – at which the Rangers newco was denied entry – have emerged. The Daily Telegraph has obtained a copy of the document distributed to the delegates by Rangers, a five-page paper item composed by Charles Green, frontman for the Sevco consortium which assumed control last month.

 

One key section of the document was headed ‘To satisfy SFA’ and contained the following points:

 

“Pay fines of £195,000 to SFA including court costs; Voluntary sanctions of undertaking not to sign players for one year; Accepting Carloway judgment/rejecting Lord Glennie judgment/Newco would vote in favour of voting reform; Newco prepared to pay certain oldco debts/Full amounts outstanding – SFA clubs £856k, European clubs €3.1 million.”

 

An SPL chairman who was present at the meeting said last night: “The brochure was very unimpressive and even more so because the wee diddy clubs got copies that were stapled together, but Celtic’s was spiral bound.

 

“It was also more than unfortunate that they were open at the page which referred to the voluntary transfer embargo when somebody got an alert on their Blackberry to say that Ian Black had announced he would sign for Rangers if they were accepted into the SPL.”

 

 

LOL, the ending is a belter.

 

However "supplemented by further resolutions that we would have to implement to change our rules" - FFS, UEFA need to get involved in this shit.

Good to see Seveco being active in the community so early by letting a 6 year old  prepare their presentation....or Lee McCulloch.

Pay some debts? I am sure HMRC will be all over that.

Pay some debts? I am sure HMRC will be all over that.

 

 

They're not even trying to hide the fact that they have zero intention of not repaying non-football debts such as tax.

The Killie Trust would like to disassociate themselves from the actions of the Kilmarnock Football Club Chairman at the SPL meeting on Wednesday. It was important that we, as a club, were seen to be taking a moral stance as opposed to acting in self interest, and it is felt that we have been misrepresented by our majority shareholder and sole board member in this case. His refusal to vote was clearly not in the best long term interests of the club as it cast a shadow of doubt over our own integrity in this sorry affair.

 

We hosted an open meeting in conjunction with our Supporters Association last week which Michael Johnston attended and a unanimous show of hands from the floor should have left him in no doubt that Kilmarnock supporters were not in favour of any new club being allowed entry directly into the top division based purely on financial reasons. This was also backed up by various on line polls which indicated that 98% of those whom voted were also of the same mind, and we are more than certain that the “consultation”, which the club paid for and then apparently decided not to act upon, would have reflected the same; although the results of said “consultation” were kept out of the public domain and not made available to those whom voted.

 

The decision taken by the SPL is indeed a momentous one and we hope that the fans of the clubs affected can now concentrate on getting behind their teams and ensuring that the embarrassing scare-mongering predictions of Neil Doncaster and Stewart Regan, who should be considering their own positions at this time, do not come to fruition. If ever it was more clear that we need only one governing body for a country our size it is now. We sympathise with all football fans out there who have been victims of so-called business men that have systematically taken their club apart and we hope that such supporters will have a major say in how their club is run from here on in. The only good thing to come out of all this has been the refreshing way in which most clubs have responded to the wishes of their fan base and we hope that the clubs in the SFL will respond in a similar fashion and not be bullied into accepting change they do not want, when it comes to doing the right thing there can be no compromise.

 

We have the opportunity over the coming season to start getting our house in order and we hope that Supporters Direct and fans in general will be given a say in the direction that Scottish football will take. The major stake-holders in our game cannot and will not be ignored any longer because without the fans there would be no clubs and the time has come for us to reclaim our place at the table and ensure that commercial greed and self interest no longer dictate the decisions that have to be made. We are all in this together and together we can get Scottish football back on its feet, from the bottom division to the top, anything less is simply unacceptable.

The end of this is incredible.  Click the link to see their ..eh... wonderful presentation document.

 

http://www.telegraph.co.uk/sport/football/teams/rangers/9379754/Rangers-in-crisis-Friday-the-13th-could-be-particularly-unlucky-for-Ibrox-newco.html

 

The pics are unbelievable. 

That can't be real, can it?

I put more work into presentations in primary school

Longmuir said: “The time has come for all outside influences and pressures to stop

 

Irony anyone?

Steven Pressley has accused the chief executives of the Scottish Premier League and Scottish Football Association of a lack of leadership.

 

The Falkirk manager believes Neil Doncaster and Stewart Regan should have grasped the opportunity of the Rangers crisis to reform the Scottish game.

 

"There's a great opportunity here for change that can move this country forward for years to come," he said.

 

"There's been no vision from those at the top and it really disappoints me."

 

Scottish Premier League clubs this week voted against admitting a new Rangers, created after the old club faced liquidation, into the top flight.

 

It means that Dundee, who finished second top of Division One, are likely to be promoted, although relegated Dunfermline Athletic are challenging that scenario.

 

Rangers will have to be either admitted to the First Division or apply for a place in Division Three.

 

But Pressley thinks the opportunity should have been taken to increase the size of the top flight.

 

"I think that, over the past few months, when the whole situation has become very apparent, I think there's been a severe lack of leadership in this country," said the former Rangers and Scotland defender.

 

"And I think that, rather than solely finding the solution to the Rangers problem, they should have been used as an ideal catalyst for change within this country.

 

"I would have hoped that, throughout this whole period, Neil Doncaster has been going through various scenarios, working out various formats, league formats for all types of scenarios.

 

"If he hasn't got that then, for me, he hasn't done his job.

 

Pressley thinks Scottish football has been ripe for re-organisation

 

"He should have been giving us numerous options, numerous solutions to this problem and, as yet, I've not seen any evidence of that and that truly disappoints me."

 

Regan has spoken of dire financial consequences, with other clubs facing administration, should Rangers not be admitted to Division One with a subsequent threat to the SPL's television deal.

 

"It disappoints me, the recent press releases from Stewart Regan," said Pressley.

 

"He's painting a doomsday scenario. It may not be a doomsday scenario.

 

"This might be the real opportunity for Scottish football to flourish for years to come."

 

Pressley has long argued that an expanded SPL would create greater interest for supporters bored of teams playing each other four times and allow clubs more "breathing space" to develop young players.

 

He argues that those clubs who have most recently been able to break the domination of Celtic and Rangers - Aberdeen, Dundee United and Hearts - had built their success on youth development.

 

"We've got ourselves in a situation where were are solely reliant on TV money and we keep chasing that TV money and we ignore our own supporters," added Pressley.

 

"If clubs worked hard to get their supporters through the gates, I don't think there would be a need for great TV revenue in this country.

 

"I look at our own club and, two-and-a-half years ago, or two years ago, we suffered relegation.

 

"We faced some real financial challenges. We've cut the wage budget here by 70%, we've promoted our young players, we've sold young players, our academy's vibrant at this moment and our club financially has never been healthier."

 

It is embarrassing to know Reagan and co are only the latest of a long line of fuckwits in charge of the game who have no creativity or vision.