Generic Sevco / Rangers meltdown thread

[Mark79]

As it says on the tin

http://m.stv.tv/news/scotland/west-central/297387-rangers-to-go-into-administration/

[TheEastTerrace]

As it says on the tin - papers lodged at Court of Session

[Rivers Cuomo]

YASSSSSSS hahaha.

Hope they go under with Hearts following closely!

Link - http://news.stv.tv/scotland/west-central/297387-rangers-to-go-into-administration/

[jgl07]

YASSSSSSS hahaha.

Hope they go under with Hearts following closely!

Link - http://news.stv.tv/scotland/west-central/297387-rangers-to-go-into-administration/

The domino theory!

[Barney McGrew]

:cb

[Sodje_18]

:thumbsup::top marks:cb:na na::faf::scarf::hahaha::party::bye::tee hee:

[HibbyAndy]

Hearts next :pray:

[bighairyfaeleith]

this is a big step by whyte, however given the league is down the swanny and the auditors won't sign off the accounts so European football cannot happen next season for them this is probably the best time to do it. Still wouldn't like to be a hun, and not just because they smell and !!

[hibee92]

Kinda feels good knowing how financially sound we are. It must be terrible waking up every morning as a hun/yam looking at the papers and online for the latest news, i really really feel for them.








DO I **** :greengrin:thumbsup: :faf:

[frazeHFC]

:rotflmao:

[bingo70]

does this mean they can't play in europe next season now then?

[pentlando]

How does this impact on Daniel Cousin? Surely a club in administration is barred from signing new players?

[Part/Time Supporter]

How does this impact on Daniel Cousin? Surely a club in administration is barred from signing new players?

They aren't in administration until the papers are filed with the court. What STV are reporting is a preliminary step before that, asking creditors (ie HMRC) to forgive debt.

[HibbyAndy]

does this mean they can't play in europe next season now then?


Correct:cb:cb:cb

[hibee92]

How does this impact on Daniel Cousin? Surely a club in administration is barred from signing new players?

Sky sports reported him signing earlier so they must have pushed the paperwork before they lodged the notice to bring in administrators.

[SRHibs]

:hilarious

[Part/Time Supporter]

Hopefully they will bump Hearts for the rest of the money that is due for Wallace.

:wink:

[At The Edge]

Will they get points deducted straight away if this comes about?
Will they even get points deducted for going into administration?
I know Livi and Dundee both did, but seeing as this is Rangers will they change the rules?
Even with 25 points taken off they'd still be in the top 6!

[HibbyAndy]

Hopefully they will bump Hearts for the rest of the money that is due for Wallace.

:wink:

:hilarious


Now THAT would be funny:agree:

[Cabbage East]

:faf: :faf: :faf:

[Part/Time Supporter]

Will they get points deducted straight away if this comes about?
Will they even get points deducted for going into administration?
I know Livi and Dundee both did, but seeing as this is Rangers will they change the rules?
Even with a 25 points off they'd still be in the top 6!

Should be a 10 point automatic penalty under the SPL rules (cf Gretna in 2007/08).

[pentlando]

Sky sports reported him signing earlier so they must have pushed the paperwork before they lodged the notice to bring in administrators.

Thought they might have tried that. Surely irresponsible to add an unnecessary financial outlay to your books and file for administration moments later :confused:

[green glory]

This is the best news ever. As Rangers themselves have lodged the papers, one would assume that administration is now a given. Journos in London tweeting the tax case verdict is imminent too. Liquidation next hopefully.

[bingo70]

Funny though this is does this mean that the huns will effectively be debt free within a few months, 10 point deduction means pretty much hee-haw to them.

IMO they've gained the amount of points they had by cheating so they should have all the points they've earned taken off them

[hibee92]

Can someone clear this up for me? Might be wrong, but can't you sign players from teams that are in administration outside the transfer window? I think that happened with Dundee... Not 100% though...

[Holmesdale Hibs]

:faf::faf:

[jgl07]

Will they get points deducted straight away if this comes about?
Will they even get points deducted for going into administration?
I know Livi and Dundee both did, but seeing as this is Rangers will they change the rules?
Even with 25 points taken off they'd still be in the top 6!

That was the SFL.

Livingston and Motherwell both went into administration when in the SPL and received no penalty.

The 10 point penalty will apply now.

Rangers are currently 19 points ahead of Motherwell.

[Nando™]

http://www.youtube.com/watch?v=OBfqABtOoxI

[Part/Time Supporter]

Hopefully everyone's keeping an eye on Companies House for Mr Whyte setting up new companies.

:wink:

[hibee92]

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8585099.stm

what are the chances of the SFA allowing this?

[frazeHFC]

Can't believe i only used 1 smiley. Here is some more:

:faf: :hilarious :tee hee: :rotflmao: :thumbsup: :party::asshole::LOL::cheers::partyhibb

[GreenCastle]

What happens when a club go into administration ?

http://sport.stv.tv/football/scottish-premier/rangers/277010-what-happens-when-a-football-club-goes-into-administration/

10 point deduction - would still keep them in 2nd - but basically give Celtic the league title.

Europe is the next issue - would they be able to get new licence to play next season ?

This is not the end of Rangers - but the power and money they have had over the last number of years is going to shrink massively.

[bighairyfaeleith]

http://www1.skysports.com/football/news/11788/7518679/Gers-to-go-into-administration

[Ireallywasthere]

Probably a good move by them, they wont win the league anyway - and they coulnd't win it next season starting on -10points
and they will be second this year
some punishment......

[Hermit Crab]

Will they get points deducted straight away if this comes about?
Will they even get points deducted for going into administration?
I know Livi and Dundee both did, but seeing as this is Rangers will they change the rules?
Even with 25 points taken off they'd still be in the top 6!


Very good points. I bet theres a blockage in the bogs a the SFA with the amount of shiote thats been dumped after hearing the news. My guess is the SFA will invent or magically find some clause that prevents them from being deducted points and i dont mean Santa!! :taxi for Whyte and Fat Sally :bye:

[Gettin' Auld]

Lots of sweary words from their fans. :greengrin
http://forum.rangersmedia.co.uk/index.php?showtopic=210510&st=0

[Mikey]

Funny though this is does this mean that the huns will effectively be debt free within a few months, 10 point deduction means pretty much hee-haw to them.



Could be. They'll start next season with a clean slate, same name, same stadium and much much more money to spend than the ten below them.

[jgl07]

What happens when a club go into administration ?

http://sport.stv.tv/football/scottish-premier/rangers/277010-what-happens-when-a-football-club-goes-into-administration/

10 point deduction - would still keep them in 2nd - but basically give Celtic the league title.

Europe is the next issue - would they be able to get new licence to play next season ?

They would need to resolve things in time to submit accounts by the end of March and get a licence for next season.

.

[CropleyWasGod]

Could be. They'll start next season with a clean slate, same name, same stadium and much much more money to spend than the ten below them.

Not at all. The HMRC Tribunal is still pending. Depending on the results of that, they could still go into liquidation.

[Caversham Green]

This is the best news ever. As Rangers themselves have lodged the papers, one would assume that administration is now a given. Journos in London tweeting the tax case verdict is imminent too. Liquidation next hopefully.

I think HMRC could try to block the administration on the grounds that it compromises their debt. They tried but failed to do it with Portsmouth IIRC.

[Part/Time Supporter]

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8585099.stm

what are the chances of the SFA allowing this?

Not much point, because only Celtic could afford to buy their first team players (and they already have a massive squad). You would need to get someone else (ie the FA) to agree to open their window.

I think this is also a different case in the sense that Rangers are going into administration because of a one-off hit (the tax case), rather than their longer-term difficulties. Selling one or two players on the cheap isn't going to fix the fact they will owe HMRC up to £50M.

[Dashing Bob S]

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8585099.stm

what are the chances of the SFA allowing this?

I daresay the footballing authorities in Scotland will try ANYTHING they can to help the Huns. I'd prefer it if the Yams went burst first, as they wouldn't give a toss and then would have set a precedent making it harder to assist the Huns. Now, if they do everything they can to help the Huns, Los Yambolinos could also be assisted by that precedent, before they 'review' the rules and 'get tough' with the Stirling Albion's and Dunfermline's.

[hibee92]

Lots of sweary words from their fans. :greengrin
http://forum.rangersmedia.co.uk/index.php?showtopic=210510&st=0

"This story has reduced me to tears"

"We were warned this day would come, but I never expected it actually would"

Its like the apocalypse! hahahahahaha

:thumbsup:

[SRHibs]

From one melodramatic hun: "Not even joking, I might hang myself if true."

:hilarious

[Dashing Bob S]

"This story has reduced me to tears"

"We were warned this day would come, but I never expected it actually would"

Its like the apocalypse! hahahahahaha

:thumbsup:

Never thought that I'd be in exactly the same boat as a Hun at this news, but it's certainly happened! :faf::faf::faf::faf::faf::faf:

[frazeHFC]

"The only way we can get through this is if we don't point fingers. We unite as the greatest support in the world, which we already are.

Those who wish to abandon us are free to go. But don't think of coming back when the sleeping giant rises.

For Rangers! "



:faf: :rotflmao:

[HibeeEmma]

Should be a 10 point automatic penalty under the SPL rules (cf Gretna in 2007/08).They would still be ****ing 2nd

[HibbyAndy]

Jambos must be absolutely bricking it!!!:cb:cb:cb

[SteveHFC]

F****** pleasing!!!!

[Gettin' Auld]

Jambos must be absolutely bricking it!!!:cb:cb:cb

:tee hee:

[Westie1875]

Jambos must be absolutely bricking it!!!:cb:cb:cb


Tick tock :I'm waiti :greengrin

[HibbyAndy]

:tee hee:


Tick tock :I'm waiti :greengrin




Squeeky bum time at the Pink palace:greengrin



Might browse pinkback for a laugh :hmmm:

[hibernianyank]

Currently in Glasgow and its comical listening the rangers fans going mental haha

[hibee92]

Squeeky bum time at the Pink palace:greengrin



Might browse pinkback for a laugh :hmmm:

Bring back some gems Andy! I'm no very welcome over there anymore you see :greengrin

[Bad Martini]

Well i have waited a number of years to proclaim this and I say now, unreservedly and for the ****ing world.

RANGERS. GIRFUY. BIG TIME. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHA

HAS MADE MA WEEK

and almost made for the occassion I say....

ENDOF

[nonshinyfinish]

That thread on RangersMedia is a laugh.


I will be honest my eyes are filling up here. Still at least i aint no f****n b*****d which is always helpful

God, how would Scottish football survive without these heroes? :rolleyes:

[SteveHFC]

http://m.youtube.com/#/watch?v=7_TMUJIWwyI&bmb=1

[Gettin' Auld]

This hun fan post made me laugh................. :greengrin

Posted Today, 03:31 PM
aw ****, was just about to get the half season book as well, glad I waited.

[Frazerbob]

Simply The Bust!

:na na::na na::na na:

[Dashing Bob S]

Well i have waited a number of years to proclaim this and I say now, unreservedly and for the ****ing world.

RANGERS. GIRFUY. BIG TIME. HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA HAHAHAHAHAHAHAHAHA

HAS MADE MA WEEK

and almost made for the occassion I say....

ENDOF

Endorsing every laugh, BM.

I'd also like to add for the first time ever:


GOD SAVE HER ROYAL BRITANIC MAJESTY THE QUEEN, AND THE REVENUE COLLECTION SERVICES OF THE CROWN!!!



God save our gracious Queen
She *ucked some weedgie team
God save our Queen

They ain't victorious
just *ucking odious
now they'll stop boring us
with god save the Queen....

[BurghHibby]

ooops, I think that's exactly what they have done, - surrendered to Her Majesty's Revenue & Customs!

GIRFUY ya f****** blue nosed bigoted, cheating bassa's :na na:

[HibbyAndy]

Bring back some gems Andy! I'm no very welcome over there anymore you see :greengrin


What like this yin?

Posted at 15.43

What happens at ibrox has nothing to do with us. We are financially sound and its just clap track and media making us out to be skint, We are the 3rd richist club in Scotland


:hilarious:hilarious:hilarious


:crazy:


:Ummm:

[Dashing Bob S]

I thought they were applying to go into the Premiership. Did I misread 'premiership' for 'administration'?

[Mikey]

God save our gracious Queen
She *ucked some weedgie team
God save our Queen

They ain't victorious
just *ucking odious
now they'll stop boring us
with god save the Queen....

:greengrin

[JimBHibees]

Endorsing every laugh, BM.

I'd also like to add for the first time ever:


GOD SAVE HER ROYAL BRITANIC MAJESTY THE QUEEN, AND THE REVENUE COLLECTION SERVICES OF THE CROWN!!!



God save our gracious Queen
She *ucked some weedgie team
God save our Queen

They ain't victorious
just *ucking odious
now they'll stop boring us
with god save the Queen....

Thats an absolute classic. :faf::faf:

[gringojoe]

This will take the shine off the Diamond Jubilee, shirley the gubiments at Holyrood and Westminster will have to step in.

GIRUY WEEGIE TRAMPS.

[heretoday]

I think it only fair that henceforth Rangers fans should sing: "Goodbye! Goodbye! - we have to leave you now........"

[LancashireHibby]

I'm trying to avoid being too happy about this news just yet as there's no doubt at all the SPL will be bend over backwards for them. The time for celebration will hopefully be when the HMRC verdict is delivered.

[Elephant Stone]

I'm trying to avoid being too happy about this news just yet as there's no doubt at all the SPL will be bend over backwards for them. The time for celebration will hopefully be when the HMRC verdict is delivered.

I think if they get billed the full £49m after this they'd only have to pay so much to HMRC, it could work out quite well for them unfortunately.

[bingo70]

I'm trying to avoid being too happy about this news just yet as there's no doubt at all the SPL will be bend over backwards for them. The time for celebration will hopefully be when the HMRC verdict is delivered.

I keep hearing this but i just don't see it.

What specifically can the SPL or SFL do that'll have any relevance to what an administrator can do to them?

[CropleyWasGod]

I think if they get billed the full £49m after this they'd only have to pay so much to HMRC, it could work out quite well for them unfortunately.

Nope. They have to get the agreement of 75% of Creditors (by value) before they can do this. HMRC's policy is not to agree to such arrangements, so that scenario isn't likely to happen.

[frazeHFC]

What like this yin?

Posted at 15.43

What happens at ibrox has nothing to do with us. We are financially sound and its just clap track and media making us out to be skint, We are the 3rd richist club in Scotland


:hilarious:hilarious:hilarious


:crazy:


:Ummm:


:faf: Is that a real post, it's too hard to believe? :hilarious

[HibeeSince85]

Dear Huns,

Goodbye & good riddance!

[HibbyAndy]

:faf: Is that a real post, it's too hard to believe? :hilarious




Its real:cb

[hibee92]

What like this yin?

Posted at 15.43

What happens at ibrox has nothing to do with us. We are financially sound and its just clap track and media making us out to be skint, We are the 3rd richist club in Scotland


:hilarious:hilarious:hilarious


:crazy:


:Ummm:

:faf::faf::faf::faf::faf: That is absolutely outstanding. Vlad must have that account.

[ScottB]

Even in Administration, surely HMRC would be the largest creditor so still more than able to extract their pound of flesh from Rangers carcass?

[Hermit Crab]

Lots of sweary words from their fans. :greengrin
http://forum.rangersmedia.co.uk/index.php?showtopic=210510&st=0


Its in utter melt down!! haha

[HibeeSince85]

What like this yin?

Posted at 15.43

What happens at ibrox has nothing to do with us. We are financially sound and its just clap track and media making us out to be skint, We are the 3rd richist club in Scotland


:hilarious:hilarious:hilarious


:crazy:


:Ummm:

So who is the second richest club? Certainly can't be Rangers.

Third richest my arse, their time is coming.

[Dashing Bob S]

:faf::faf::faf::faf::faf: That is absolutely outstanding. Vlad must have that account.

I'm sure he does, as he seems to have every one that relates to the Yams. It's just a pity there's nothing in them!

[CropleyWasGod]

Even in Administration, surely HMRC would be the largest creditor so still more than able to extract their pound of flesh from Rangers carcass?

From where? They have no money, without selling the assets.

[Hibs90]

Jim Whyte trying no to cry his eyes out on SSN :faf:

[Sylar]

My fiance's parents are taking us and my parents to hospitality at Ibrox on Saturday.

Going to be REALLY interesting to see what the atmosphere/protests are like!

[Dashing Bob S]

From one melodramatic hun: "Not even joking, I might hang myself if true."

:hilarious

It would be great to have more human stories behind the financial crisis like this one.

[frazeHFC]

My fiance's parents are taking us and my parents to hospitality at Ibrox on Saturday.

Going to be REALLY interesting to see what the atmosphere/protests are like!


Especially after they concede the 4th. :greengrin

[frazeHFC]

http://a3.sphotos.ak.fbcdn.net/hphotos-ak-snc7/431978_304339509622210_100001384892659_872263_7905 80228_n.jpg


Courtesy of twitter. :faf:

[Mikey]

My fiance's parents are taking us and my parents to hospitality at Ibrox on Saturday.

Going to be REALLY interesting to see what the atmosphere/protests are like!

I take it they don't like you then :greengrin

[Mikey]

Nope. They have to get the agreement of 75% of Creditors (by value) before they can do this. HMRC's policy is not to agree to such arrangements, so that scenario isn't likely to happen.

Jolly good.

[Seveno]

Whyte will be busy shifting the assets into a new company and leave the creditors, including HMRC, to sing for their money.

Would the SPL dare to challenge that and refuse to admit Rangers 2012 FC into the league ? I doubts it.

[Mikey]

Whyte will be busy shifting the assets into a new company and leave the creditors, including HMRC, to sing for their money.

Would the SPL dare to challenge that and refuse to admit Rangers 2012 FC into the league ? I doubts it.

Rangers and Hearts should be slugging it out for the 3rd Division title next season :agree:

[CropleyWasGod]

Whyte will be busy shifting the assets into a new company and leave the creditors, including HMRC, to sing for their money.

Would the SPL dare to challenge that and refuse to admit Rangers 2012 FC into the league ? I doubts it.

If he does that, HMRC will get a liquidator appointed, and he/she will recover those assets. That's a big no-no in insolvencies.

Nothing to do with the SPL, just the law.

[SteveHFC]

Has chick young been put on suicide watch yet??

[HUTCHYHIBBY]

I'm trying to avoid being too happy about this news just yet as there's no doubt at all the SPL will be bend over backwards for them. The time for celebration will hopefully be when the HMRC verdict is delivered.

Couldnae agree more, don't get me wrong it is quite funny, but, their demise is far from certain for the moment.

On the other side of that point though, to all the Edinburgh based Huns I've ever worked with GIRFUY!!

[Part/Time Supporter]

Rangers and Hearts should be slugging it out for the 3rd Division title next season :agree:

£10 on Berwick Rangers

:agree:

[johnrebus]

How much do the Huns still owe on the Wallace deal?

10p in the pound would be about the best the Yams can hope for..........,



:tee hee:

[frazeHFC]

Compare this thread to the Suarez one. :hilarious

[Twa Cairpets]

What like this yin?

Posted at 15.43

What happens at ibrox has nothing to do with us. We are financially sound and its just clap track and media making us out to be skint, We are the 3rd richist club in Scotland

:hilarious:hilarious:hilarious

:crazy:

:Ummm:

Thats got to be one of us surely? And what's "clap track"?

[HUTCHYHIBBY]

Deadline Day Jim is even wearing his funeral suit on SSN!

[frazeHFC]

http://desmond.yfrog.com/Himg611/scaled.php?tn=0&server=611&filename=drhil.jpg&xsize=640&ysize=640


:faf: :rotflmao: :tee hee: :hilarious

[Sergey]

I wonder what's happened to the Jelavic money and the 4 seasons mortgage of the ST's.

Whyte's probably siphoned that away.

[Part/Time Supporter]

The Arabs are due circa £100K from the Huns on Wednesday (their share of the gate for the cup game last week).

[hibsbollah]

From one melodramatic hun: "Not even joking, I might hang myself if true."

:hilarious

One less drain on the state's resources, good news :aok:

[Matty_Jack04]

There due Dundee utd 100,000 in ticket money from the cup game which is due to be paid wed,

Also hearing whytes about to begin Devorce proceedings with his mrs after a right old whack ....yearly! I can see the boy trying like a bear to off load rangers whilst in admin heres hoping no ones dumb enough

[green glory]

So administration is now inevitable. If the appointed administrators can't get them solvent again by selling assets then they're screwed forever. Players will be sold outside the transfer window as per the agreement with Portsmouth. Will never be enough to deflect the tax bomb though.

How long till Ibrox is levelled?

Brought it all on themselves. RIP.

[Seveno]

The Yams might get their wish of receiving just a percentage of the money due for Wallace. :greengrin

[Sylar]

Portsmouth apparently about to follow suit!

Breaking news on SSN...

[YehButNoBut]

:bye::partyhibb:LOL::hahaha::rockin::rotflmao:


http://www.youtube.com/watch?v=MuUHs2Rx9EA

[Matty_Jack04]

Saved from relegation by the huns going into liquidation.....carlsberg don't do great escapes....

[Spike Mandela]

This article from SoS explains all the possible consequences.....

http://www.scotsman.com/scotland-on-sunday/sport/why_tax_case_casts_long_shadow_over_rangers_and_be yond_1_2112897

[Hibby]

I rarely post but have to say, I had a day off booked at work tomorrow. I am going to go in though!!

Dying to see the smellies faces when I put the picture of Ipox on the notice board!!

The picture with the big "For Sale" under it.

:flag::flag::flag:

[YehButNoBut]

Saved from relegation by the huns going into liquidation.....carlsberg don't do great escapes....

Lucky old Pars :wink:

[Hermit Crab]

http://www.youtube.com/watch?v=rY0WxgSXdEE&ob=av2e :bye:

[GordonHFC]

Administration = lifeline
Liquidation = death

I know which one I would prefer

Jambo's be afraid, be very afraid. :greengrin

[Gatecrasher]

See Portsmouth have also applied for administration (again)

[c31]

How much do the Huns still owe on the Wallace deal?

10p in the pound would be about the best the Yams can hope for..........,



:tee hee:

I'm afraid football debts take preference? so the yam would get their dosh, maybe!! But Rangers would have trouble meeting the criteria for playing in Europe unless the sfa cheat

[Seveno]

Administration = lifeline
Liquidation = death

I know which one I would prefer

Jambo's be afraid, be very afraid. :greengrin

I'd dearly love us to give them one last thrashing before the death. :flag:

[CropleyWasGod]

I'm afraid football debts take preference? so the yam would get their dosh, maybe!! But Rangers would have trouble meeting the criteria for playing in Europe unless the sfa cheat

Is that the case in Scotland? I know it is in England.

[EasterRoad4Ever]

SSN crapping themselves over the Huns situation - asking what the millions of Hun fans and neutrals make of one of Scotlands huge clubs going into Admin...


Well, as Archie MacPherson once said when asked why they show Rangers on TV so often... when they win, it makes a lot of people very happy, when they lose it makes even MORE people happy :green grin

IMHO you can stuff the Huns in Room 101 along with all their neanderthal fans, bigoted songs, sucking media pals and dodgy handshaking refs. This is going to be such FUN.

Oh, and when the say "the road to recovery" I think they mean the eradication of bigoted hypocrisy and bile at Scottish Football matches.

RIP Huns.

[Spike Mandela]

If Hibs went in to administration today it would be embarrassing in a business sense but I would have absolutely no fear of us going out of business. Administration is a cheats charter, a situation used by businesses sometime almost as a business tool. Rangers aren't ****ed their creditors are.

[GordonHFC]

Is now the time for the Masonic handshake to make an appearance amongst the various authorities?

I forsee a lot of rolling up of trouser legs and goat ****ging in the immediate future :aok:

[Gatecrasher]

What's with the jelly and ice cream thing the Celtic fans keep talking about?

[EasterRoad4Ever]

This is going to be the longest thread in Hibs.net history, and one of the most creative, enjoyable and interesting :greengrin

[Seveno]

Have we had a statement yet from El Salmondo in a bid to win over the Unionist vote ?

[NORTHERNHIBBY]

Have to say I find this news a bit confusing. The new owner must have known that this was on the cards, so why didn't they sell their playing assests when the window was open? I know that wouldn't have made him popular but how will he be seen if they go pop altogether? I have no real sympathy though. Any club in their situation that are still owing a team a payment for James Beattie, a past it long gone journeyman, deserve all they get.

[marinello59]

If Hibs went in to administration today it would be embarrassing in a business sense but I would have absolutely no fear of us going out of business. Administration is a cheats charter, a situation used by businesses sometime almost as a business tool. Rangers aren't ****ed their creditors are.

An excellent point and all too often forgotten. They have cheated for years and now they will cheat their way out of trouble. Anybody believe this wasn't on Whyte's agenda all along? The creep should be jailed but he will probably emerge from this richer whilst the poors sods he has stiffed pay the price for Rangers survival.

[EasterRoad4Ever]

SSN suggesting that Huns FC going into Adnim now to deny us law-abiding taxpayers from first creditor rights. Whyte would get first bite.

I really hope the HMRC go gunning for the Huns and pursure them to the grave :green grin Close that odious institution and remove the smell that has hung over Scottish football and society for decades :greengrin

[Hibbyradge]

I don't understand all the glee.

Huns are about to become debt free in return for accepting 2nd place in the league this year.

Or have I got the wrong end of the stick again?

[Liams]

What's with the jelly and ice cream thing the Celtic fans keep talking about?

Celtic sing "we will be having jelly and icecream when rangers die, jelly and ice cream when rangers die!" over and over

[Gettin' Auld]

The phone-in programme on Radio Clyde should be a good laugh tonight, so i'll be tuning in on-line.

Here's the link if anyone else wants to listen to some raging huns. :thumbsup:
http://radioplayer.clyde1.com/

[EasterRoad4Ever]

An excellent point and all too often forgotten. They have cheated for years and now they will cheat their way out of trouble. Anybody believe this wasn't on Whyte's agenda all along? The creep should be jailed but he will probably emerge from this richer whilst the poors sods he has stiffed pay the price for Rangers survival.

HMRC at £49 million = you and me :rolleyes:

[marinello59]

SSN suggesting that Huns FC going into Adnim now to deny us law-abiding taxpayers from first creditor rights. Whyte would get first bite.

I really hope the HMRC go gunning for the Huns and pursure them to the grave :green grin Close that odious institution and remove the smell that has hung over Scottish football and society for decades :greengrin

Surely all those songs pledging loyalty to the Crown means that they will settle their tax bill anyway? Or are their 'traditions' just a sham too? :greengrin

[Pete]

I don't understand all the glee.

Huns are about to become debt free in return for accepting 2nd place in the league this year.

Or have I got the wrong end of the stick again?

This is where I'm at too.

I have a feeling it will be business as usual in a year or two.

[Hermit Crab]

Vlads reaction to the newshttp://t0.gstatic.com/images?q=tbn:ANd9GcTKV8AAAXcBCn1r21_ZXwEP6nq-sw6RRD9QMjx7JEWRSrSkSCULVg


The Queen at a recent charity gig for rangers http://bellacaledonia.files.wordpress.com/2011/04/queenger.jpg


Offers over £5 http://newsimg.bbc.co.uk/media/images/46628000/gif/_46628958_rangers-for-sale466b.gif

[Seveno]

Surely all those songs pledging loyalty to the Crown means that they will settle their tax bill anyway? Or are their 'traditions' just a sham too? :greengrin

I am sure that all the 'loyal' fans will put their hands in their pockets.

[EasterRoad4Ever]

I don't understand all the glee.

Huns are about to become debt free in return for accepting 2nd place in the league this year.

Or have I got the wrong end of the stick again?

If they lose the HMRC case, Administration will not save them. They will be liquidated and have to start all over again with applications to the league. Ibrox will become public property (probably owned by HMRC - i.e. you and me - so we could in theory go for a kick about on a weekday :greengrin

[marinello59]

I don't understand all the glee.

Huns are about to become debt free in return for accepting 2nd place in the league this year.

Or have I got the wrong end of the stick again?

And they made sure Cousin was signed before they were prevented from doing so by Administration. It's one of the most cynical and despicable manouevres seen in Scottish business, let alone in football.

[bingo70]

I don't understand all the glee.

Huns are about to become debt free in return for accepting 2nd place in the league this year.

Or have I got the wrong end of the stick again?

Thats what i've been thinking as well, it has been funny watching the rangers fans ***** themselves though, heard one on the news earlier and his voice was breaking a bit like he was going to cry, normally i'm not one to laugh at a man showing his emotions like that but in the case of a hun i'll make an exception.

Horrible horrible football club.

[EasterRoad4Ever]

Vlads reaction to the newshttp://t0.gstatic.com/images?q=tbn:ANd9GcTKV8AAAXcBCn1r21_ZXwEP6nq-sw6RRD9QMjx7JEWRSrSkSCULVg


The Queen at a recent charity gig for rangers http://bellacaledonia.files.wordpress.com/2011/04/queenger.jpg


Offers over £5 http://newsimg.bbc.co.uk/media/images/46628000/gif/_46628958_rangers-for-sale466b.gif

That's cruel...


.. but sooo funny :greengrin

[gav71]

Has anyone else been told from any huns that apparently rangers don't own ibrox,Murray park etc but a sister company of them how could this affect things as far as selling of any assets also told all players are now owned by the sister company apparently so none of it can be stripped is this possible

[Hibercelona]

Isn't administration great?

Run up a huge ridiculous amount of debt over the years (while ripping sensible teams apart on the field), then lose 10 points and be as good as new again. :agree:

[Hibercelona]

Vlads reaction to the newshttp://t0.gstatic.com/images?q=tbn:ANd9GcTKV8AAAXcBCn1r21_ZXwEP6nq-sw6RRD9QMjx7JEWRSrSkSCULVg


The Queen at a recent charity gig for rangers http://bellacaledonia.files.wordpress.com/2011/04/queenger.jpg


Offers over £5 http://newsimg.bbc.co.uk/media/images/46628000/gif/_46628958_rangers-for-sale466b.gif

**** off!

I don't have £5 to just throw away. :wink:

[EasterRoad4Ever]

Have to say I find this news a bit confusing. The new owner must have known that this was on the cards, so why didn't they sell their playing assests when the window was open? I know that wouldn't have made him popular but how will he be seen if they go pop altogether? I have no real sympathy though. Any club in their situation that are still owing a team a payment for James Beattie, a past it long gone journeyman, deserve all they get.

Wouldn't it be funny if they've been trading while insolvent :green grin Directors go to jail :greengrin

[Hermit Crab]

That's cruel...


.. but sooo funny :greengrin


With the amount of crap we've had to put up with from them over the years i say GIRUT

[Seveno]

Perhaps when they go into liquidation, STF could buy both the Huns and the Yams and re-develop the land. :greengrin

[EasterRoad4Ever]

Has anyone else been told from any huns that apparently rangers don't own ibrox,Murray park etc but a sister company of them how could this affect things as far as selling of any assets also told all players are now owned by the sister company apparently so none of it can be stripped is this possible

HMRC will hunt them down. There is no way the Huns will retain ownership of Hunbrox.:greengrin

[Hibbyradge]

If they lose the HMRC case, Administration will not save them. They will be liquidated and have to start all over again with applications to the league. Ibrox will become public property (probably owned by HMRC - i.e. you and me - so we could in theory go for a kick about on a weekday :greengrin

They won't lose.

[Gatecrasher]

Celtic sing "we will be having jelly and icecream when rangers die, jelly and ice cream when rangers die!" over and over

Cheers :aok:

[HibeeSince85]

They won't lose.

Any reason why you're so sure?

[EasterRoad4Ever]

Statement from Huns just now on SSN. Sounds very much like they're trying to avoid a "run on the bank" i.e. fans not buying STs for next year, looking for refunds, creditors doing business with them.

They are in deep do dos and trying desperately to stem a potential collapse of confidence in the Company. Oh this is such fun :greengrin

[Prof. Shaggy]

Happy Birthday to me!!:greengrin

Who's up for a Hands Off Rangers Campaign?!!
:devil:





















Come on......


What, no-one?

[Hibbyradge]

Any reason why you're so sure?

Yes.

[lucky]

This article from SoS explains all the possible consequences.....

http://www.scotsman.com/scotland-on-sunday/sport/why_tax_case_casts_long_shadow_over_rangers_and_be yond_1_2112897

This explains the consequences for Rangers and the effect on other clubs. Whilst their demise is greeted with laughter. The SPL need their away support, TV money and advertising that they bring. This is not good news for Scottish football or Hibs.

[Seveno]

I'm stuck at London City Airport waiting on a delayed flight, and loving every minute of it ! :na na:

[EasterRoad4Ever]

They won't lose.


Eh ? this isn't the SPL, SFA or TV panel they're dealing with ... it the HMRC. They'll squeeze them until the orange pips squeak :greengrin

[Pete]

I bagsy the main stand.

I've always wanted a listed building.

[Spike Mandela]

Eh ? this isn't the SPL, SFA or TV panel they're dealing with ... it the HMRC. They'll squeeze them until the orange pips squeak :greengrin

Yeah, like they dealt with Redknapp:rolleyes:

[Saorsa]

http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/falling_off_chair_laughing-836.gif

http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/YAYYY.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/yeah.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/streamer.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/sport-smiley-004.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/smiley_champagne.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/rollfloorlaffsmiley.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/partysmiley020.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies%202/mysmilie_912.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies%202/muahaha.gif

[HibeeSince85]

Yes.

Can you please share that reason?

[EasterRoad4Ever]

This explains the consequences for Rangers and the effect on other clubs. Whilst their demise is greeted with laughter. The SPL need their away support, TV money and advertising that they bring. This is not good news for Scottish football or Hibs.

Personally, I've no issue with Hibs downsizing a little to see the demise of a club that has infected Scottish society for so long. Celtic will be next to collapse, without their bigoted brothers, bringing an end to the biggest anomaly in world football.

[Lofarl]

Jelly and Icecream for all come Sunday.

[Seveno]

http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/falling_off_chair_laughing-836.gif

http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/YAYYY.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/yeah.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/streamer.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/sport-smiley-004.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/smiley_champagne.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/rollfloorlaffsmiley.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/partysmiley020.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/mysmilie_912.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/muahaha.gif

Calm down man. What are you going to be like when the Yams go under ?

[EasterRoad4Ever]

Yeah, like they dealt with Redknapp:rolleyes:


You really think the timing of this move by the Huns is independent of the outcome of the HMRC case ???? No chance. They've had legal advisers and accountants all over the case like a rash. If they were confident of winning they would not be doing this.

nope, I'll bet their advisers have now come to the conclusion that they will lose the case - hence Whyte trying to protect what he's got.

[HH81]

Calm down man. What are you going to be like when the Yams go under ?

You don't wanna know :greengrin

Not sure if this is good a good move for Scottish football as a whole but its very funny at this moment in time :agree:

[Hibbyradge]

Can you please share that reason?

Of court out settlement.

Shared.

[Wilson]

Not sure if this is good a good move for Scottish football as a whole but its very funny at this moment in time :agree:

It may well prove not to be good. It is happening regardless though - might as well enjoy it :wink:

[ancienthibby]

Of court out settlement.

Shared.


I presume you mean 'an out of court' settlement!

How is that going to be possible, given that Ipox main building is a listed property so that the real value for a buyer is close to Nil.

Then added to that are the planning restrictions that exist over Murray Park.

On the other hand, this was a completely planned takeover by C Whyte. We have to assume that he always had another agenda!!

[HibeeSince85]

Of court out settlement.

Shared.


You constructed that statement slightly wrong, I take it you meant out of court settlement? Why would HMRC do this? I think they will lose the case.

Thanks for sharing

[Dinkydoo]

Initially, smaller clubs will have to take the hit, but we'll manage. Rangers going into liquidation and into the financial oblivion is probably the best thing for Scottish Football.

GIRFUY :hilarious:

[green glory]

Because the facade of the main stand at Ibrox is a listed building, the rest of the stadium could be demolished leaving the biggest gravestone in Scotland for all to enjoy.

[Mixu62]

I timed my trip back to Scotland well!! Seen Hibs win in the cup, keep 2 clean sheets and now this!! I'll come back more often I think.

[Hibbyradge]

You constructed that statement slightly wrong, I take it you meant out of court settlement? Why would HMRC do this? I think they will lose the case.

Thanks for sharing

It was constructed deliberately and perfectly. :wink:

Your desire impairs your vision.

Stand back and look again.

[Dinkydoo]

I timed my trip back to Scotland well!! Seen Hibs win in the cup, keep 2 clean sheets and now this!! I'll come back more often I think.

Please do :greengrin

[WindyMiller]

I'm afraid football debts take preference? so the yam would get their dosh, maybe!! But Rangers would have trouble meeting the criteria for playing in Europe unless the sfa cheat


Not in Scotland.
The SPL would ensure that any monies owed to clubs by the Huns would be paid from the TV and sponsorship monies due to the Huns.

[YehButNoBut]

From Mike Farrel of STV on Twitter

Mike Farrell@mikefstv
HMRC confirm the outstanding tax case of more than £50m would be totally separate from any administration CVA. :thumbsup:


http://news.stv.tv/scotland/west-central/297387-rangers-to-go-into-administration/

[HibeeSince85]

It was constructed deliberately and perfectly. :wink:

Your desire impairs your vision.

Stand back and look again.

It's clear that it was deliberate, as was my response.

If this is some riddle I can't work it out no matter how far back I stand!

You believe that HMRC will accept some sort of settlement with Rangers over the tax case, it would have to be a fairly large settlement for them to consider that, money Rangers don't have.

[Hibs Class]

You really think the timing of this move by the Huns is independent of the outcome of the HMRC case ???? No chance. They've had legal advisers and accountants all over the case like a rash. If they were confident of winning they would not be doing this.

nope, I'll bet their advisers have now come to the conclusion that they will lose the case - hence Whyte trying to protect what he's got.

:agree: They know they risk losing everything, which is why Whyte will have been asset stripping what he can before trying to get away with just a semi-painful administration.

[H18sry]

jim spence @bbcjimspence Reply Retweet Favorite · Open
Hearts due two further payments for Lee Wallace. Next one not due until summer. Dunfermline money due by wed 22 feb
:LOL::LOL::LOL:

[carnoustiehibee]

“@bbcjimspence: Hearts still owed almost one million pounds from Rangers for Lee Wallace transfer. Dunfermline due around 80 k for Last Saturday's game.”

[Westie1875]

“@bbcjimspence: Hearts still owed almost one million pounds from Rangers for Lee Wallace transfer. Dunfermline due around 80 k for Last Saturday's game.”

Oh dear :greengrin :wink:

[TheEastTerrace]

From what I've read on Twitter the HMRC debt will still apply - if you listen to those ITK, it's ta-ta to RFC as we know them

[frazeHFC]

"The Ibrox club are 1 step closer to going bust"

Music to my ears! :thumbsup:

[Irish_Steve]

Jim White has just said it`s a dark day for football - my arse

[ancienthibby]

Jim White has just said it`s a dark day for football - my arse

It's potentially a wonderful day for Scottish fitbae'!!

[essexhibee]

Couldnt have happened to a nice club.

[Spike Mandela]

Find it ironic that this was announced when I was in a cinema watching 'The Muppets'.:greengrin

[cabbageandribs1875]

ha ha
ha ha
ha ha ha ha ha ha

ha ha
ha ha
ha ha ha ha ha ha

[blindsummit]

Simply The Bust!

:na na::na na::na na:

I think we have a winner! :thumbsup:

[Billy McKirdy]

Ironic that today is the 320th anniversary of the massacre at Glencoe when the Mcdonalds failed to pledge there allegiance to King Billy, Karma? Lol

[SanFranHibs]

Currently in Glasgow and its comical listening the rangers fans going mental haha

Actually, I'm a bit of a hypocrite ! Does not seem that it will turn out to be such a bad thing for Rangers.....long term. They will survive and should eventually emerge stronger. But then I'm not exactly an expert in such matters.

But if it does not bother me whether Ranger's enter administration or not, why do I want Hearts to suffer greatly?

:flag:

[gav71]

HMRC will hunt them down. There is no way the Huns will retain ownership of Hunbrox.:greengrin

Even If that's true about there assets?

[ancient hibee]

Rangers will be examining ways of transferring their assets out of reach of creditors-who will then get nothing.Rangers will be given a 10 point deduction and will then go on as before.

[Hibee87]

Craig Whyte Statement:

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.
http://aka-cdn-ns.adtech.de/images/409/Ad7140249St1Sz168Sq101665174V1Id3.gif (http://adserver.adtech.de/?adlink|327|3552211|0|168|AdId=7140249;BnId=3;itim e=157089144;sub1=[subst];)
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.

[Coco Bryce]

Simply Depressed

[PaulSmith]

http://sport.stv.tv/football/scottish-premier/rangers/297443-craig-whyte-addresses-angry-rangers-fans/

Angry Bears

[HibbyAndy]

http://sport.stv.tv/football/scottish-premier/rangers/297443-craig-whyte-addresses-angry-rangers-fans/

Angry Bears



:thumbsup::thumbsup::thumbsup:

[James70]

The Ranger fans are revolting! :wink:

[Hermit Crab]

I think we have a winner! :thumbsup:


Black Monday?? http://t3.gstatic.com/images?q=tbn:ANd9GcQaamXE8-HUor36gPEMQ_6ZM6QgfB6NyjblVJ7JYfRwB-1gl1lq

[ancient hibee]

Could be a disaster for Hearts.

[Saorsa]

The Ranger fans are revolting! :wink:They certainly are :wink:

And the cry was we've surrendered http://i19.photobucket.com/albums/b168/jamie1971/smilies%202/bluebearsurrender.gif
surrendered and we've died http://i19.photobucket.com/albums/b168/jamie1971/smilies%202/bluebearsurrender.gif


http://i19.photobucket.com/albums/b168/jamie1971/smilies%202/dead.gif

[HibbyAndy]

7911



How kina no post pics anymare?

[HFC 0-7]

What seems strange to me is that they have got 24.4 million from ticketus and money from the Jelavic deal, they are operating at a 10 million pound loss per year but they must still have a decent wedge sitting somewhere. I find it strange that they have mortgaged so many future ST's recently, more than is needed to cover their annual loss. If they go into administration the money that is left over from the ticketus deal will get eaten up quickly. I wonder, and there is probably people on here that confirm if its possible, if Whyte has been taking money out of Rangers already so that creditors cant get to it and when they come out of administration or when a phoenix company is born they will immediately have money from an 'investor'

[Spike Mandela]

Anyone listening to Ex director Alistair Johnson basically washing his hands of any blame in this for the old board. "Craig Whyte knew all the facts before buying", "they were working on a deal prior to takeover" and the best one "lloyds bank are responsible for loaning the money to Rangers knowing they couldn't repay it". Incredible.:rolleyes:

[Hermit Crab]

http://sport.stv.tv/football/scottish-premier/rangers/297443-craig-whyte-addresses-angry-rangers-fans/

Angry Bears


That just sounds like feeding time in the local kebab house after chucking out time at some dive of a pub in Govan. :protest:

[Saorsa]

7911



How kina no post pics anymare?:hilarious

http://www.hibs.net/attachment.php?attachmentid=7911&d=1329158415

[DaveF]

Anyone listening to Ex director Alistair Johnson basically washing his hands of any blame in this for the old board. "Craig Whyte knew all the facts before buying", "they were working on a deal prior to takeover" and the best one "lloyds bank are responsible for loaning the money to Rangers knowing they couldn't repay it". Incredible.:rolleyes:

That's a cracker :greengrin

[HibbyAndy]

:hilarious

http://www.hibs.net/attachment.php?attachmentid=7911&d=1329158415




Tell me ya bam:greengrin

[Aldo]

Hope that means the Yams will lose out on Wallace payment..

You couldn't make this up.

[ancient hibee]

Apologies if this has been explained earlier on in the thread, How will administration affect ticketus? CW borrowed money based on future ticket sales for Glasgow Rangers. If they go into administration does that mean ticketus get a negotiated percentage of borrowed sum.
The £24M borrowed to clear the debt to Lloyds, a tougher challenge perhaps than ticketus.

This really does stink of a planned scam. Rangers will no doubt claim that Celtic didn't win the league this year rather it will have defaulted to them.

Whyte claimed that one of his companies has underwritten the debt to Ticketus.

[3pm]

Saturday's result is a disappointment in hindsight.

2 important points dropped in the race for 2nd.

[Makaveli]

The writing's on the wall
The writing's on the wall
They stood so high but smelled like sh—te, and now it's time to fall
And millions come to see it, rejoicing one and all
Who'll remember Rangers now
The writing's on the wall :bye:

[beensaidbefore]

Sorry, just in and cant be bothered reading through the 200 odd posts on the subject.

Why can HMRC not enforce the sale of assets in order to get the tax bill paid, i.e. murray park, sale of fleet of cars etc.

Surely ibrox and all other assets are worth more than the overall debt of the club...why is winding up the club and selling all they have not an option?

sorry if im being very thick, or its been discussed on the other thread.

:confused:

[Spike Mandela]

Ironically if Rangers go into administration and don't exit it by Mar 31st the team likely to benefit with Champions league football are Motherwell who are no stranger to using the tool of administration to preserve their own status.:cb

[Pretty Boy]

I wonder how long until every non OF team in Scotland is blamed for 'holding them back'.

It was the excuse for their on park failures in Europe for years so why not their off field failures as well.

[Lofarl]

http://www.afc-chat.co.uk/

Ma sides. C'mon admins get something like this on the go.

[Saorsa]

http://www.afc-chat.co.uk/

Ma sides. C'mon admins get something like this on the go.Liked this smilie off that site :greengrin

http://i19.photobucket.com/albums/b168/jamie1971/smilies%202/lolrangers.gif

[Hermit Crab]

Plans of a boycott of all games now. Check this Facebook page out, they are trying to hit us in the pockets where it hurts, oh the irony http://www.facebook.com/pages/Boycott-all-Rangers-Away-games/238186052931968?sk=wall :cb :crazy:

[Kaiser1962]

If Hibs went in to administration today it would be embarrassing in a business sense but I would have absolutely no fear of us going out of business. Administration is a cheats charter, a situation used by businesses sometime almost as a business tool. Rangers aren't ****ed their creditors are.


I have suspicions that Whyte is implementing a plan, a well thought out plan at that.

[Gatecrasher]

Plans of a boycott of all games now. Check this Facebook page out, they are trying to hit us in the pockets where it hurts, oh the irony http://www.facebook.com/pages/Boycott-all-Rangers-Away-games/238186052931968?sk=wall :cb :crazy:

Hopefully soon they wont be turning up anyway :wink:

[HUTCHYHIBBY]

Just spent the last hour listening to The Real Radio phone in, thats an hour i'll never get back.
They could at least have got an insolvency expert on instead of the guys arguing with each other and callers about the numerous scenarios and how they could play out.

[Saorsa]

Plans of a boycott of all games now. Check this Facebook page out, they are trying to hit us in the pockets where it hurts, oh the irony http://www.facebook.com/pages/Boycott-all-Rangers-Away-games/238186052931968?sk=wall :cb :crazy:Aye, it would be really terrible right enough, if we didnnae have tae smell them twice a season :rolleyes:

speaking personally I'd be gutted :hilarious

Dinnae rush back tae Easter Road ya smelly hun ***** :bye:

http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/lolrangers.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/bluebearsurrender.gif

[ancienthibby]

I have suspicions that Whyte is implementing a plan, a well thought out plan at that.

Correct!

[Kaiser1962]

You really think the timing of this move by the Huns is independent of the outcome of the HMRC case ???? No chance. They've had legal advisers and accountants all over the case like a rash. If they were confident of winning they would not be doing this.

nope, I'll bet their advisers have now come to the conclusion that they will lose the case - hence Whyte trying to protect what he's got.


This appears to be a seperate issue. They dont owe the money to HRC at this moment. They might well do in a month but as things stand, they dont.

[banarc7062]

Is this the same team that considered moving to join the English Premier league no so long ago? :greengrin

[banarc7062]

As a secured creditor I am sure Craig Whyte will have his personal interes well protected and will have first claim on any assets

[JustSimplyHibs]

Sorry, just in and cant be bothered reading through the 200 odd posts on the subject.

Why can HMRC not enforce the sale of assets in order to get the tax bill paid, i.e. murray park, sale of fleet of cars etc.

Surely ibrox and all other assets are worth more than the overall debt of the club...why is winding up the club and selling all they have not an option?

sorry if im being very thick, or its been discussed on the other thread.

:confused:


The face of Ibrox is a grade B listed building, so can not be sold off, Murray Park is in the hands of a holding company and can not be touched...only assests is on the pitch

[Hermit Crab]

Aye, it would be really terrible right enough, if we didnnae have tae smell them twice a season :rolleyes:

speaking personally I'd be gutted :hilarious

Dinnae rush back tae Easter Road ya smelly hun ***** :bye:

http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/lolrangers.gif http://i19.photobucket.com/albums/b168/jamie1971/smilies 2/bluebearsurrender.gif


Amen to that.

[HUTCHYHIBBY]

If Rangers get away with this, it might be worth everybody else except Celtic all going into admin at the same time, Celtic and Rangers would still be 1st and 2nd, all the other clubs would be debt free with -10 pts at the start of the season. The Jambos would fully embrace that one!

[ancienthibby]

This appears to be a seperate issue. They dont owe the money to HRC at this moment. They might well do in a month but as things stand, they dont.


A wink and a nod to a blind horse and all that.

As in FJK, Craig Whyte had a strong sense of the stench coming towards him, as in this action was completely pre-meditated!.

[TrinityHibs]

£75M for the tax man Hahahahahhahhahaahahahaha

[Wembley67]

Just been confirmed that the tax bill could be around the £75 million mark....

[Gala Foxes]

Whyte on Sky Sports talking about CVA agreement - got to feel sorry for the numerous suppliers to Rangers who will get "pennies in the pound" if anything

Makes you sick - like Hearts they have been living way outwith their means for years, normal honest suppliers will get bumped for money & they will reform and start up again

[CropleyWasGod]

Just been confirmed that the tax bill could be around the £75 million mark....

By whom?

[Kaiser1962]

A wink and a nod to a blind horse and all that.

As in FJK, Craig Whyte had a strong sense of the stench coming towards him, as in this action was completely pre-meditated!.


:agree:

No doubt in my mind.

IMO they have been actively working towards this since Whyte took over.

[TrinityHibs]

Wonga adverts just been on Real Radio if you know anybody who needs a short term loan hahahahahahahahahahahahaha

[TrinityHibs]

By whom?

Whyte Hahahahahahahahahahahaha

[stevenhibs]

Makes you sick - like Hearts they have been living way outwith their means for years, normal honest suppliers will get bumped for money & they will reform and start up again

Yup! The huns are playing a blinder with this one! Trying to force HMRC into a much reduced tax bill rather than the nowt they would get if they were in administration. Genius!

Something's got to be done about debt levels in football. It's nothing short of cheating.

[Arch Stanton]

I have suspicions that Whyte is implementing a plan, a well thought out plan at that.

Not sure about that - Whyte is in no position to gain from this.

I actually suspect that it is Murray's plan - to get Whyte to take the club into administration so that he can come back in and buy the club from the administrator.

[carnoustiehibee]

http://i.imgur.com/p1xie.jpg

My favourite from afc-chat

[Kaiser1962]

Not sure about that - Whyte is in no position to gain from this.

I actually suspect that it is Murray's plan - to get Whyte to take the club into administration so that he can come back in and buy the club from the administrator.


We shall see.

[TrinityHibs]

Love this song

http://www.youtube.com/watch?v=O-_0Mseq6ZY&feature=fvst

Wondering if I can get to 1000 posts tonight

[CropleyWasGod]

Not sure about that - Whyte is in no position to gain from this.

I actually suspect that it is Murray's plan - to get Whyte to take the club into administration so that he can come back in and buy the club from the administrator.

He has security over Ibrox and MP for his loan to the company. If he calls in the loan, he can then take possession of them.

[ancienthibby]

Not sure about that - Whyte is in no position to gain from this.

I actually suspect that it is Murray's plan - to get Whyte to take the club into administration so that he can come back in and buy the club from the administrator.

Nah.

Murray's other companies are in too much deep doo-doo to allow him to even contemplate that!

[neilmartinrocks]

Is this the same team that considered moving to join the English Premier league no so long ago? :greengrin

yep!! the very same
the E.F.A. didnt want them and the police didnt want them either.

[sahib]

I have been trying to follow the Rangers recent financial woes but I am confused. As I understood it Whyte is now the major creditor, even though he appears to have paid off the bank (who were the biggest creditor) with season ticket "futures". If the tax bill comes in and they go into liquidation, the HMRC don't have first dibs- as one would assume- but Mr Whyte. In his position a less honourable man might welcome that outcome as now he could trouser any mullah that can be realised by sale of the assets i.e. Ibrox and environs, Murray Park etc. And since he paid nothing for the club and bought the debt with the clubs own future income, anything he gets is pure profit.

Administration, I would have thought, could scupper this perfect scam.

Where have I gone wrong here?

[Gettin' Auld]

What does the typical hun think of David Murray?

Find out here................http://forum.rangersmedia.co.uk/index.php?showtopic=210511&view=findpost&p=1059764274

[EasterRoad4Ever]

As a secured creditor I am sure Craig Whyte will have his personal interes well protected and will have first claim on any assets

I've always thought the taxman took precedence over all other creditors including secured ? ??:confused:

[Hermit Crab]

Get talksport on by the way. Getting torn into rangers and hearts about the situation. Very good listen

[At The Edge]

What does the typical hun think of David Murray?

Find out here................http://forum.rangersmedia.co.uk/index.php?showtopic=210511&view=findpost&p=1059764274

from the thread, pure comedy gold...............


"There has to be some of campaign to get this man stripped of his knighthood, if it can happen to Goodwin The Queen really should take a look at this."

[SteveHFC]

http://img23.imageshack.us/img23/1831/ibroxb.jpg

http://a1.sphotos.ak.fbcdn.net/hphotos-ak-ash4/409063_339513052754945_100000887592371_963384_8823 40481_n.jpg

http://i40.tinypic.com/jph9p4.jpg

[DH1875]

Don't know why so many people are getting so excited by all this. The likes of Motherwell and Dundee have shown that administration means nothing and even with a 10 point deduction Rangers will still walk 2nd place. Forget administration, it's liquidation that we want.

[Hermit Crab]

What does the typical hun think of David Murray?

Find out here................http://forum.rangersmedia.co.uk/index.php?showtopic=210511&view=findpost&p=1059764274


They seem to be forgetting about the millions he pumped into the club out his own pocket