Rangers FC to go into administration

[deiseach]

It's 99% certain that Rangers will be liquidated at this stage. The money simply isn't there, and that's even before you consider the results of the tax case. The next question is what becomes of the new entity that will rise out of the ashes. I've been scornful of Celtic fans and their conspiracy theories regarding Rangers over the years, but the extent to which the meeja have rowed in behind the idea that a piece of Scotland will die if Rangers are not saved is a real eye-opener. These, after all, are the same people who were merciless when Celtic were on the brink back in the early 90's. The upcoming battle between them and the revolting masses who are luxuriating in the demise of Rangers is going to be fascinating.

[Ulick]

I can feel Gregory Campbell's pain on the Nolan show now 

[Ulick]

"You can take your Real Madrids, Barcelonas, Man United, whoever, none of them ever had a support like the Rangers" - Gregory Campbell.     

[Ulick]

"Time for unionist unity on this matter" - keep politics out of sport? 

[deiseach]

"Time for unionist unity on this matter" - keep politics out of sport? 

Please tell me you are making this shit up

[muppet]

"Time for unionist unity on this matter" - keep politics out of sport? 

Please tell me you are making this shit up

No, no ,no. He shouldn't be discouraged. If he wants to join Rangers and Unionism at the hip he should be encouraged.

It is a match made in heaven.

Bonnie & Clyde.
Fianna Fáil and Anglo.
Rangers and Unionism.

Just agree politely and order loads of popcorn.

[ziggysego]

Lawyer for Rangers administrators tells STV issue needs to be settled before new season or club could be relegated.

[LondonCamanachd]

"You can take your Real Madrids, Barcelonas, Man United, whoever, none of them ever had a support like the Rangers" - Gregory Campbell.     

He is right.

The people of Manchester would be horrified to think they had a support like rangers.

[seafoid]

It's 99% certain that Rangers will be liquidated at this stage. The money simply isn't there, and that's even before you consider the results of the tax case. The next question is what becomes of the new entity that will rise out of the ashes. I've been scornful of Celtic fans and their conspiracy theories regarding Rangers over the years, but the extent to which the meeja have rowed in behind the idea that a piece of Scotland will die if Rangers are not saved is a real eye-opener. These, after all, are the same people who were merciless when Celtic were on the brink back in the early 90's. The upcoming battle between them and the revolting masses who are luxuriating in the demise of Rangers is going to be fascinating.

Is it really that surprising?  Rangers is as Scottish as religious bigotry and heart attacks.   

[LondonCamanachd]

It's 99% certain that Rangers will be liquidated at this stage. The money simply isn't there, and that's even before you consider the results of the tax case. The next question is what becomes of the new entity that will rise out of the ashes. I've been scornful of Celtic fans and their conspiracy theories regarding Rangers over the years, but the extent to which the meeja have rowed in behind the idea that a piece of Scotland will die if Rangers are not saved is a real eye-opener. These, after all, are the same people who were merciless when Celtic were on the brink back in the early 90's. The upcoming battle between them and the revolting masses who are luxuriating in the demise of Rangers is going to be fascinating.

Is it really that surprising?  Rangers is as Scottish as religious bigotry and heart attacks.

Come again?

In what way is religious bigotry typically scottish?

[Main Street]

How does this burial ceremony go?
Rangers atm, can be sold to a new owner but any claim the tax authorities and other creditors have on Rangers fc, will still carry through to the new owner/s?

Rangers is not sold in time, can't carry on, the creditors then become the owners of all Rangers assets, including Ibrox, training facilities, lifetime memberships with the freemasons etc, and are free to do what they want with the assets?
In that scenario a new Rangers fc could be formed and purchase Ibrox etc, from the creditors?


Or how about a simple cremation?

[mayogodhelpus@gmail.com]

It's 99% certain that Rangers will be liquidated at this stage. The money simply isn't there, and that's even before you consider the results of the tax case. The next question is what becomes of the new entity that will rise out of the ashes. I've been scornful of Celtic fans and their conspiracy theories regarding Rangers over the years, but the extent to which the meeja have rowed in behind the idea that a piece of Scotland will die if Rangers are not saved is a real eye-opener. These, after all, are the same people who were merciless when Celtic were on the brink back in the early 90's. The upcoming battle between them and the revolting masses who are luxuriating in the demise of Rangers is going to be fascinating.

Is it really that surprising?  Rangers is as Scottish as religious bigotry and heart attacks.

Come again?

In what way is religious bigotry typically scottish?

It kinda is, most of the religious bigotry in Ireland seems to have been imported from Scotland (rather than the far more recent reverse). Even in the United States of America alot of the bible belt religious fruitcakes are of Scots or Scotch-Irish heritage. Came across one or two relgiously intollerent Aussies and they were of Scottish stock.

[johnneycool]

Would they then not be better paying these lads till the end of the season and then sell them?

That way they'd at least get some return on transfer fees, no?

Under mercantile law, "they" can't do anything.  The independent administrators are in charge.  Supposedly, their job is to secure maximum return for the creditors, for as little risk as possible.

If they're gambling on future transfer fees, they're not doing their job correctly.

The administrators were the 'they' I was talking about.  Whyte and co have no say now.

i know sweet FA about who would be worth what in the Rangers squad, but would it not be worth paying a lad this 10-20K per week for the next 3 months or so in the hope of getting at least 1Million for him come end of May?

Administrators aren't supposed to act "in the hope".  They've got to strike a balance between cutting costs now, and keeping saleable assets until such time as the assets can be liquidated i.e. the next transfer window, but as rangers are currently losing £1,000,000 a month, cutting wages now is the better option than building up an extra £4,000,000 debt and hoping that player transfers will recoup that and some of the existing.

In other words, they're f*cked! 

Looks like the Administrators are looking to hold onto some of their more valuable assets until they can liquidise them into cold hard cash!!

http://www.guardian.co.uk/football/2012/mar/08/rangers-players-redundant-folly?newsfeed=true

[LondonCamanachd]

Looks like the Administrators are looking to hold onto some of their more valuable assets until they can liquidise them into cold hard cash!!

http://www.guardian.co.uk/football/2012/mar/08/rangers-players-redundant-folly?newsfeed=true

The administrators have a number of options open to them.  Sadly, sticking the b*stards in a blender isn't one of them... 

[Main Street]

Pay no heed to that Mayo windbag ..you ..you.. you  religious bigots