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.

On a side note

 

Happy 1st Administration Day!!

On a side note

 

Happy 1st Administration Day!!

 

This.

On a side note

 

Happy 1st Administration Day!!

 

Definitely a sentiment I share.

Not wishing to be pedantic, but you are in fact a day early. First anniversary is tomorrow, but hey ho, just means you can repeat today's celebrations all over again tomorrow

An ode to Jim Traynor.

 

http://blogs.channel4.com/alex-thomsons-view/succulent-lamb-rack/4144

 

An ode to Jim Traynor.

 

http://blogs.channel4.com/alex-thomsons-view/succulent-lamb-rack/4144

 

 

 

That is fucking glorious

Only source for the e-mail and text content must be Craig Whyte - or any other suggestions?

Makes Traynor look a figure of fun, completley undermines his new role - which may have been the purpose.

Rangers FC Official ?@RFC_Official  STATEMENT: The club is disappointed by certain outbursts of inappropriate singing by a section of the support at Berwick. Our fans have been excellent this season both home and away and we do not want to see this tarnished.

 

 

So they even admit it - will the SFA do anything?

 

 

So they even admit it - will the SFA do anything?

 

Take it that is meant as a rhetorical question Dave 

Take it that is meant as a rhetorical question Dave 

 

Aye 

Hun title decision tomorrow at noon.

Hun title decision tomorrow at noon.

 

Waste of time....they are untouchable, despite their sense of victimisation.

 

CUNTS the lot of them

Hun title decision tomorrow at noon.

 

Tins of white paint spotted being delivered to Hampden this afternoon.

Tins of white paint spotted being delivered to Hampden this afternoon.

 

By this lorry?

No league titles to be stripped according to Chris McLaughlin on twitter.

lol

 

 

Well who'd have thought it.  Shockerooney. 

Nae surprises.

 

Back to normal business I guess then.

 

Fined 250k but no forfeit of points?

 

SPL, SHOWER OF CUNTS.

 

They've been fined £250,000 suggesting a guilty verdict, but not stripped of any titles? 

 

 

Fuck knows. 

We should start cheating for the next 5 years, win the title a couple of times, then just cough up the 1/4 million.

 

 

Sorted.

 

 

CHAMPIONEYS! 

"No competitive advantage was gained on the pitch"

 

Think I'm done with Scottish football. £23 a game in a competition they don't even pretend isn't rigged? Can't justify that anymore.

Indeed, they could only afford those players as they were on a tax dodge - otherwise they would not have had them! No fucking sense! 

I see DonsTalk got a mention

 

http://www.bbc.co.uk/sport/0/football/21611182

If the fine is against oldco and oldco is in administration then that means its not going to be paid so why even bother with the fine?

 

 

  SPL commission, chaired by Lord Nimmo Smith"Between the years 2000 and 2011 The Rangers Football Club Plc (now known as RFC 2012 Plc (in liquidation) and referred to in the decision as "Oldco"), the owner and operator of Rangers Football Club ("Rangers FC"), entered into side-letter arrangements

with a large number of its professional players under which Oldco undertook to make

very substantial payments to an offshore employee benefit remuneration trust, with the intent that such payments should be used to fund payments to be made to such players in the form of loans

(2) Those side-letter arrangements were required to be disclosed under the Rules of the Scottish Premier League ("SPL") and the Scottish Football Association ("SFA") as forming part of the players' financial entitlement and as agreements providing for payments to be received by the players;

(3) Oldco through its senior management decided that such side-letter arrangements should not be disclosed to the football authorities, and the Board of Directors sanctioned the making of payments under the side-letter arrangements without taking any legal or accountancy advice to justify the non-disclosure;

(4) The relevant SPL Rules were designed to promote sporting integrity, by mitigating the risk of irregular payments to players;

(5) Although the payments in this case were not themselves irregular and were not in breach of SPL or SFA Rules, the scale and extent of the proven contraventions of the disclosure rules require a substantial penalty to be imposed;

(6) Rangers FC did not gain any unfair competitive advantage from the contraventions of the SPL Rules in failing to make proper disclosure of the side-letter arrangements, nor did the non-disclosure have the effect that any of the registered players were ineligible to play, and for this and other reasons no sporting sanction or penalty should be imposed upon Rangers FC;

(7) As noted in the Commission's earlier decision made on 12 September 2012 there is no allegation that the current owner and operator of the club, The Rangers Football Club Limited ("Newco"), contravened the SPL Rules or could be held responsible for any breach by Oldco;

In all the circumstances the Commission has imposed a fine of £250,000 on Oldco."

YAWN!