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.

Going to have to stay up all night now just to see what happens. 

Not sure if it is true but this is on twitter.....

 

McGregor and Goian latest two to be released

 

 

Kyle Bartley leaves Murray Park saying no decision on his future yet. Mood not great he admits.

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

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.

Well this is a bit of an anticlimax once again

back to talking, the time for talking is over, we want BLOOD 

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

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!

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! 

 

Devastating news tonight is that no players will be forced out. 

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.

Players seem to be arriving back at Murray Park. Davis and Laugherty spotted.

Free transfers and cutting into potential transfer fees is just putting things off til the end of the season.

 

They are royally fucked.

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 

My cousin's husband's mate from uni works with the administrators - he text from Craig Whtye's office the other week 

 

Is he a removal man?

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.

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.

I fully expect to be reading similar statements in March 2015 at this rate 

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?

Seems the players agreed something in principle and the agents disagreed.

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.

 

 

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.

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

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.