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BBCchrismclaug
BDO: D&P intend to complete transfer of business and assets to new company in the coming days, putting club on more secure footing, once this is done, BDO will determine what can be recovered from the remains of the existing company.
I'm pretty sure that is D&P's intentions. I would be disappointed if BDO are happy to go along with it though.
I've asked him (for the second time) whether BDO are able to, and will they, challenge the sale of assets without a creditor objecting first.Quote:
Originally Posted by Bajillions
I only got to page three but the were already a couple of absolute gems...Quote:
Originally Posted by Spike Mandela
Quote:
we arnt leeds. that mess was a totally different situation to ours we arent going to be spending more money than we should esp with UEFA demanding that clubs that wish to participate in their competitions get their house in order. that is one of the most stupid headlines ive seen from the record.
:LOL::faf:Quote:
This is also the same pish stained paper that has Alex Mcleish going to villa, even though Birmingham have rejected his resignation
I direct again to the following from the website of the Serious Fraud Office, their definition of asset stripping. Maybe someone can explain how this differs to the Green/D+P proposals? I can only assume that it would be legal if the valuation of £5.5m is seen to be fair and in line with current market value?
What is asset stripping?
Asset stripping is taking company funds or assets of value while leaving behind the debts.
Company directors transfer only the assets of one company to another and not the liabilities. The result is a dormant company with large liabilities that cannot be met and it has to be put into liquidation
Stripping of company assets is normally done for two main reasons:
•The fraudsters deliberately target a company or companies to take ownership, move the assets and then put the stripped entity into liquidation
•"Phoenixing" - directors move assets from one limited company to another to 'secure' the benefits of their business and avoid the liabilities. Most or all the directors will usually be the same in both companies. This usually arises as a way of 'rescuing' the assets of a failing business rather than targeting a company
Quote:
Originally Posted by Keith Wright Jnr
Sorry KWJnr. Completely disagree.
The "wobbles" you allude do have been a disgrace imho
All hilarious but the best bit is the picture. Rangers in the gutter. :na na:Quote:
Originally Posted by Sir Alf R
Rangers: Football to continue at Ibrox say liquidators
Rangers' liquidators insist the club will continue to play at Ibrox.
Malcolm Cohen and James Stephen from financial company BDO have been appointed as Joint Liquidators.
A CVA proposal from a consortium led by Charles Green was rejected byHMRC forcing the club into liquidation.
"It's important to understand that the appointment of liquidators will not mean the end of football at Ibrox - only the end of the company that ran the club," said Cohen.
Continue reading the main story“The liquidators will seek to protect any remaining assets, maximise recoveries for the benefit of creditors, and investigate the reasons behind the failure of the company.”Rangers' Liquidator Malcolm Cohen
"The liquidators will seek to protect any remaining assets, maximise recoveries for the benefit of creditors and investigate the reasons behind the failure of the company."
Administrators Duff & Phelps plan to transfer the business to a 'newco' set up by Green in the next few days.
Cohen continued: "Once this is done, BDO will determine what can be recovered from the remains of the existing company.
"It is right that there is a full and robust investigation into why the company failed, together with concerted efforts to recover monies for creditors and the taxpayer.
"This may include pursuit of possible claims against those responsible for the financial affairs of the company in previous years."
Is there enough money in the remaining MIM empire to pay Hector in full??:cb
(p.s. taken from BBC Scotland website)
So, as far as I can see
Dundee applied to join the SPL a few weeks ago.
Motherwell and ICT are to poll the fans on their views for which way they should vote.
Clearly the SPL Fans Survey has reinforced their view that the fans have a very important say in all of this.
IMHO they should just save themselves the hassle and vote no.
Great post, agree totally. The pro-Rangers media are living in this world where one party buys Rangers total assets, lock, stock and barrel. The newclub play in the SPL with minor penalties and soon all is forgotten. However the HMRC liquidators are unlikely to be as sentimental as the dodgy administrators appointed by Whyte (with the unofficial blessing of Murray?) and will sell off the assets to not the highest bidder, but the highest bidders. It's highly probably that selliing the assets individually would fetch a greater price than disposing of them as a cut-price job lot.Quote:
Originally Posted by SiMar
I also agree that its very hard to see this being resolved in time for the august kick-off. I doubt anybody with any sense will want to do much till the 'big case' is resolved and I also think that if prosecutions of well-known football figures are undertaken, then FiFA will be compelled to act, thus throwing another spanner in the works.
So all good.
The thing I'm finding most worrying is that BDO seem content to allow the sale of the club and assets into a Newco BEFORE liquidation. Then they will pursue remaining assets.
Surely this would preserve the history?
It seems clear from this that they won't stand in the way of Chuckie's £5.5m asset buyout...unless of course they were to put the assets up for sale only on the proviso that whoever bought them would lease them back to Der Hun?Quote:
Originally Posted by ancienthibby
BDO spokesperson asked outright if they will seek other offers for assets (opposing Green offer in effect)
Answer: No Comment :greengrin
thats good enough for me..they have to let things run as per legal process but I take from that they will be blocking / seeking judicial review of sale to Green as soon as their feet are under the table...
I think HRH Mr Croppers has already stated that such an event can be challenged in the Courts and potentially set aside.Quote:
Originally Posted by green glory
I would think Hector has given BDO such a mandate.:greengrin
I wonder if HMRC are fully aware that the Green bid is going to fall apart and are content to stand back for the time being. This would then let the Liquidators move in and realise the fully value of the assets.Quote:
Originally Posted by ancienthibby
As for MIH, the are something like £700m in debt with the only real value being in the assets of their subsidiary, Premier Property Group. A fire sale beckons.
I agree - can't see it being resolved before the new season - still so much to sort out :agree:Quote:
Originally Posted by Dashing Bob S
Quote:
Originally Posted by jonty
The Board at Motherwell Football Club today (Tuesday) released the following statement in light of recent developments in the on-going situation at Rangers FC.
“The Board is very aware of implications of all scenarios and will consider them in detail when all the information we need is at our disposal.
“We will consult our members, shareholders and fans before taking a decision on what our position should be.
“We regard the sustainability of the club and the integrity of the sport as inter-linked. We have a duty to act in the interests of our club and we hope these can be reconciled with the interests of the game.
“It really is more important than ever that all Motherwell fans continue their fantastic support of our club.”
Sounds a bit like they will consult but vote for the money.
Ah, but once the novelty has worn off (which will only take a couple of weeks) the bigoted glory hunters will be heading to Tynecastle instead.Quote:
Originally Posted by Tiger 88
I now give you the most stomach churningly twisted view of events so far. Rangers have been cheated discuss..........over to you Mr Traynor.............Quote:
Originally Posted by calmac12000
http://www.dailyrecord.co.uk/footbal...6908-23895361/
Despite the baying mob and their crazy notion that Rangers should be shunned because they are cheats the fact is this club and these fans have themselves been cheated. If there is anything in their DNA make up that’s irrational or wrong it is their love of their club and this game.
The bit in bold should mean they will vote no. However, everything else they say contradicts that and so, sadly, I think you're right.Quote:
Originally Posted by Seveno
Duff & Duffer say that the transfer to Newco will take place in a 'matter of days'. Or a couple of months as we would know it.
There is also still the threat of a suspension under transferembargogate and/or dualcontractsgate.
So........... if there was to be no Rangers for just next year say, every club in the SFL moves up a place and Spartans/ Cove Rangers or Gala Fairydean get into SF3. Next year, Newco Rangers FC come along and say what ? ' gonnae no squeeze up a bit ? '
Could be our chance to get a larger SPL, especially with no 11-1 majority being required.
May have been said but there is a article by the leyton orient chief executive on bbc website i think about how there is no way the other SPL clubs would boot rangers as they would be shooting themselves in the foot due to the loss of revenue from games against them and the loss of the present TV deal.
Personally something that truly disgusted me was the new owner to be talking about the possiblity of re signing Gutuso. Saying that he had situation explained to his agent and was interested in coming back. How can they be looking to spend even 1 penny when they owe millions. How could they look to get a CVA at 9p in the pound while talking about making a signing as soon as they came out of the CVA. Are they offering Gutuso 10K a week but he will only get 9p in the pound ?
I think purely down to SPL rules the scottish FA should relegate them anyway. There shouldnt even be a vote by other SPL clubs. Only reason there looks like thier will be is the rest of the clubs panicking over money from those games against rangers and the tv deal.
I see the other clubs are saying we will consult everyone including our fans. Well lets see if they are honest about that because unless your a rangers fan there is not one other fan in scotland or beyond who thinks they should be in the SPL next year.
Quote:
Originally Posted by Spike Mandela
Well I have to agree with one thing that he is saying :
" Whether you like them or not they are important. Along with Celtic they are the engine that drives our game. "
And where exactly has our game been driven, James ?
Has hee-haw to do with the Leyton Orient Chief Exec, so baffled as to why he's being asked his opinion on this. That said, his knowledge of it is obviously being garnered from the press reports, so no surprise with his thoughts on the situation.Quote:
Originally Posted by Swindonfan
You're right, there should be no need to consult anyway, it's obvious what the right thing to do is here. Consultation is simply being used as a delaying tactic in the hope that something will turn up to get them off the hook or give them a reason to justify (they will think) their voting yes to NewHunco.Quote:
Originally Posted by Swindonfan
http://forum.rangersmedia.co.uk/inde...owtopic=222559
alternatley you could crawl back to whatever putrid, pus filled, rancid, infested, hate filled swamp that you dragged yourself from and do the decent thing ......DIE QUIETLY
you cheated...you got caught...man up and take it on the chin:rules:
Saw it reported last night (chan 5 I think) that Sky will NOT walk away ( :-) ) from the TV deal, a direct quote was "we don't want to go to war with Scotland".
Sorry on my moby so can't find the link
On the money front, I've said it before but if a team votes a newco in.....
Is it really the best idea financially????
On one hand the Hun supporters have already stated they're boycotting all away games so the only difference is you'd also lose a significant part of your home support.
So vote yes = a lose/lose situation
Vote no = a lose/win situation
Something like that anyway!
Thanks for posting - gave me a laugh:greengrin!Quote:
Originally Posted by hibeesdude
he's changed his tune...Quote:
Originally Posted by Spike Mandela
That's cos he's a havering erse - basically he fulfils the only required criteria to work for the Daily Rag.Quote:
Originally Posted by Posh Swanny
A desperate rant from a died in the wool Hun....Quote:
Originally Posted by Spike Mandela
But some of the replies are priceless..
"
Duncan Young
1:22 PM on 13/6/2012
Are you for real , cut them some slack , millions of lost tax , small buisnesses suffering , players not getting paid , clubs owed money for players , playing players they haven`t bought , not one apology from Ibrox , where is Sir David , did Walter know he couldn`t afford the players he was signing , no sympathy mr Traynor , dry your eyes , wipe the succulent gravy from your chin "
"
Stevenkerry McCann
1:45 PM on 13/6/2012
Traynor ,you can almost taste the bitterness in each line of that one eyed rant
you"re well known to be a"pure rangurs man" and that is self evident in you tainted article.
To say that"It's all madness rooted in jealousies and twisted logic" more or less confirms to us all that you have no understanding of the extent of the damage that your favorite cheating institution has caused.
and ,as far as you are concerned its everyone elses fault and we should all give rangers a collective "kick in the jewels" and that will suffice.
Well pal the extent of the cheating and lying has disgusted the country as a whole,football minded and non football minded alike,and quite frankly getting rid of that rancid institution all together is the first unnecessary step in cleansing the game in Scotland (rubber gloves and detol please)
So do us a favour and go away and sit on the bleachers in numerous wee backwater stadiums in 3rd division and peddle yer backwater pish to whoever will listen
we will find journalists with maybe a slither of integrity to fill that very small ,insignificant void that you will leave "
hard to express quite how much i hate Traynor, with all that has gone on how can he support the myth that spl will suffer without rangers? Does he really believe that a newco with a clean slate back into the spl will be accepted and all the rest big tax case, dual contracts etc etc will go away? the man is an arse, this saga will run for years and years and years while liquidators and hmrc go back through RFC recent history with a fine tooth comb and the full extent of the wrong doing is exposed. Letting them back in brings their poison back in and alienates all fans other than new RFC fans.
They must be punted out of football for a year while the dust settles and the true extent of their cheating emerges, and then asuming it gets no worse and no further skeletons emerge, let them apply the sfl to play in div 3.
Not sure about that, if their last sentence is correct.:greengrinQuote:
Originally Posted by Paisley Hibby
Does anyone know if clubs can abstain from voting on the Newco question, per SPL rules.
If abstaining is allowed, then clubs like the Mothers, Arabs and the Buddies might well take that option.
In such circumstances, the HunNewCo could well struggle to get 8 positive votes!:agree:
Quote:
Originally Posted by TQM
Got to say, that pretty much covers it for me also ... :aok:
10 Rangers threads and 4 Yam threads on the front page of main.
Seriously?
What about getting back to hysterically slating everything related to our own club?
Sorry, they won't. Misapplication of an employer-operated tax scheme is the responsibility of the employer. Only in cases where fraud or collusion can be proven, would they seek to recover lost PAYE etc from an employee.Quote:
Originally Posted by cocteautwin
What Hibernian topics would you like to discuss?
Rangers are big news at the moment so its fairly obvious why people are talking about them.
The silence from ER at the moment is deafening and just about every other close season topic has been done to death in the last couple of weeks.
Here we go again with another non-Hibs related thread :rolleyes:
Attending a meeting with the club tonight - hoping to have minutes posted by 10pm, then you will have something to read.
Looking forward to reading them. :aok:Quote:
Originally Posted by BouncerRoss
Tell them from me that should Hibs vote Rangers back into the SPL they can have my season ticket back.Quote:
Originally Posted by BouncerRoss
Great avatar...Quote:
Originally Posted by iwasthere1972
:thumbsup:
Just a couple of points here.
People talk about SKY walking away if they aren't guaranteed 4 OF games each season. Now if either of the OF sides were to have a poor season and finish in the bottom 6 and only 3 OF games were played what would happen. Would the SPL cry the games a bogey and reorganise the SPL to guarantee the required 4 OF games or would SKY tear up the contract and walk away? I don't think that would happen and I hope that the SPL board did not sign up to a contract which tied them to such a guarantee.
And Jim Traynor's a ****.
A few Hun mates (I should stop calling 'em that... Hun's not mates!) ...... keep saying we should stop trying to get rules changed to get the kicked or kept out of the SPL...... did some digging in the SPL rule book and lo and behold.......
A2.5.4 Any ground which a Club or the Candidate Club registers or is deemed to have registered as its Registered Ground, must, by not later than 31st March preceding any Season and for the whole of that Season:-
A2.5.4.1 subject to Rule H6.8, have satisfied and satisfy the Stadia Handbook requirements for a Club taking part in the League;
A2.5.4.2 have provided and provide individually numbered seats in areas under cover of a roof for not less than 6,000 spectators; and,
A2.5.4.3 have had and have adequate winter pitch protection, as provided in Rule H6.7,
As it's a NewCo that's that scooshed then!
There's also another rule (Rule D4.6) that essentially means.... if you're owe another team any money for a tranfered player then yer embargoed......oh and when you pay it back add on Base Interest Rate + 5% to the total
that's not even counting all the other stuff going on!
I read somewhere (unfortunately can't remember where) that the chat about Sky being guaranteed 4 OF games a season is a deliberate misinterpretation of the contract. What it actually says (it was alleged) is that Sky get first dibs, ie. before ESPN, on any OF games in the season.Quote:
Originally Posted by Geo_1875
Sorry, that's not the case. Keith Jackson was asking the questions in July last year, long before any Court case. That's why he was cold-shouldered at Ibrox.Quote:
Originally Posted by ScottB
As pointed out on RTC, some subtle misinformation from the Beeb:
http://www.bbc.co.uk/sport/0/football/18426943
3 quotes from the liquidator with one non-quote sentence inserted by the author. Take out the non-quote and it reads very differently. :rolleyes:Quote:
"It's important to understand that the appointment of liquidators will not mean the end of football at Ibrox - only the end of the company that ran the club," said Cohen.
"The liquidators will seek to protect any remaining assets, maximise recoveries for the benefit of creditors and investigate the reasons behind the failure of the company."
Administrators Duff & Phelps plan to transfer the business to a 'newco' set up by Green in the next few days.
Cohen continued: "Once this is done, BDO will determine what can be recovered from the remains of the existing company."
Jim Traynor claims to be an Airdrie fan(ny) right?
Direct quote from David Murray on putting Airdrie into administration over the 30 grand they owed Rangers
"I feel very sorry for Airdrie and their supporters but we're running a business. We have given them repeated warnings and felt they were playing on our good nature."
Airdrie were liquidated on 1st May 2002, in this year Rangers paid an estimated £5.18 Million into their EBT scheme to avoid paying tax.
Wonder what the fat fool says about that?
:lolrangers: :giruy:
Following some eagle eyed work on the RTC blog noticing that the floating charge had been amended to remove a large number of season tickets which kicked off a lot of the detective work. At least Jacko was following up properly for once. :wink:Quote:
Originally Posted by CropleyWasGod
Yeah, credit where it's due. I'm no big fan of his, or the DR, but he did do his job well in this instance.Quote:
Originally Posted by JeMeSouviens
The agreement 'tween D&P and Greene states that he has to buy the club by the 31st July, if they can play in all domestic competitions.
So he'll be looking for entry into the SPL before he completes.
I don't believe the SPL will hold a vote on a newco if the deal hasn't been finalised and , at least, the main owners of the newco are known.
Thoughts?
Sounds a bit chicken and egg here.Quote:
Originally Posted by WindyMiller
The SPL can't consider the application by a NewCo, until, as you say, the NewCo has actually put the application in. Will they accept an application by a company that doesn't have any assets? I doubt it.
Which means that Green will have to buy (insert whatever... TBC) before he makes his application.
Which further means that, if the NewCo is turned down, he can walk away from the deal.... which he has already completed.:confused:
Screwy.
- The latest status of Erin HibsQuote:
Originally Posted by Pretty Boy
- Classic strips and where we first saw them
- The achievements and future projects of the Hibs Historical Trust
- How that educational centre thingy is getting along
- The future of Bobby Brown
- The reason behind the departure of High Fiveland
- What other measures we think Brian Texas is going to take in the re-structure.
- The campaigning for the return of board level interviews on Hibs TV
- Stephen Dobbie and Slav Erinnplumn as realistic signing targets
- What Craig Rocastle is up to now.
That's about all I can think of, off the top of my head.
That reminds me, where did Thornhill go to after leaving us?
Quote:
Originally Posted by CropleyWasGod
If Green gets all of Rangers (players+assets) for £5.5m then gets an SPL licence then he will have pulled off deal of the century...
Barcelona.Quote:
Originally Posted by R'Albin
for a holiday.
Can't see any point in abstaining unless it was just a simple majority that was required to pass the HunsBackIn? motion. In this particular vote, anything other than a Yes is equivalent to a No. McCoist would want to know the names, addresses, and coffin sizes of everyone who didn't vote Yes, not just those who voted No. :agree:Quote:
Originally Posted by ancienthibby
Quote:
Originally Posted by CropleyWasGod
IMO D&P are talking p15h when they say that it will be completed this week, as Greene's investors won't want to put money in to a club that might not make the SPL next season.
The lack of Euro football would put any really big investor off, but the lack of SPL football would scare most away.
On reflection, I think CG might have backed himself into a corner.Quote:
Originally Posted by WindyMiller
I think he assumed that the question of the SPL membership would have been settled by now. Had it been against RFC, he then would have had the option to pull out of the "irrevocable" :rolleyes: deal.
In this particular vote, anything other than a Yes is equivalent to a No. McCoist would want to know the names, addresses, and coffin sizes of everyone who didn't vote Yes, not just those who voted NQuote:
Originally Posted by reallapsedhibee
Precisely? Though, in your projected circumstances, the WeeSwallyCoistyMan would already be history!:greengrin
Quote:
Originally Posted by ancienthibby
Whit??! Haha
McCoist set to quit according to Chris McLaughlin, just on Bbc radio scotland?
I Don't think he's got the cahjones for that.......Quote:
Originally Posted by Www1875hfc
http://www.dailyrecord.co.uk/footbal...6908-23895646/Quote:
Originally Posted by whiskyhibby
Oh dear...........Quote:
Originally Posted by Www1875hfc
Ha ha ha!
And I believe in the tooth fairy!!!!!!Quote:
Originally Posted by Hun on Daily Record comments page
Apart from anything else, the mutant appears to have problems with the English language.Quote:
Originally Posted by theonlywayisup
Originally Posted by Hun on Daily Record comments page
Non Story!!!
Debt gone, History in tact, Stadia and Murray Park to remain with the newco., Guaranteed to be playing in the spl next season..
Whats all the fuss about?
Unfortunately the fact does appear that whoever takes over the asset stripped organs of the liquidated carcass has actully got themselves a bargain.
If the football authorities back away from doing the right thing then they have in fact got the bargain of the century.
If they remain in the SPL the guy will have bought a company with a turnover of between 30-50 million for 5.5.
Easy option to reduce costs in wages and still finish second each year.
If I had 5 million I'd buy them myself.
He can probably sell them for double that, or more, next year.
With no debt attached he could put it up for sale for ten times that amount the day after he bought them.Quote:
Originally Posted by VickMackie
Rangers die today. How sweet does that sound?
"Honesty, dignity and courage have always been the driving forces in McCoist’s make-up"Quote:
Originally Posted by Www1875hfc
Aye, so they have, except perhaps when he was a footballer - when sneaking up behind people, hitting them and running away before they could see who did it was the order of the day.
The phoenix club rises tomorrow debt free, at Ibrox, training at Murray park and singing their horrible songs. This is a massive VICTORY for Rangers. Expect the chinking sound of champagne glasses in oak panelled boardrooms.Quote:
Originally Posted by green glory
Unfortunately it's more likely that they will start to be reborn today, which doesn't sound quite so good. :boo hoo:Quote:
Originally Posted by green glory
As Alex Thomson :not worth has been blogging and tweeting, HMRC, SPL, SFA, etc, will not easily kill the culture. That'll be back.
Although he may end up with just some property if the SFA revoke their licence, the SPL vote against their membership and the players all walk as fee agents.Quote:
Originally Posted by VickMackie
I'm sure that is still woth more than £5.5 million though. That figure for everything and the rush to do it before a real liquidation still puzzles me as to why creditors would not object??
McCoist doing Walking Away....will the Gers fans take that well :greengrin
Looks like us and the Dons are the vanguard for sporting integrity......
http://local.stv.tv/aberdeen/news/sp...on-gers-newco/
Forget the financial 'argument' sometimes you just have to do the right thing and take the hit.
Speaking to a mate todays who seems to be in the know with liquidation etc, he seems to think that creditors cant really kick up a fuss about Greene getting assetts until the vote has taken place today. It might not even have to be HMRC that complains to the courts to get the sale to Greene stopped, it could be ticketus or even the rest of the creditors all fighting as one. You may see all the smaller creditors get together to fight the sale, as they will now get nothing.Quote:
Originally Posted by Andy74
Dont know if this has been answered but here goes.
What happens to the resultant punishments to be dished out to Old Hun FC ie EBT, transfer embargo and Sectarian singing. Do these punishments die with Old Hun or are they transferable to New Hun.:confused:
Very much transferrable if they want to continue playing football at all.Quote:
Originally Posted by Hot Shot Hamish
I think you need to distinguish between legal stuff and football stuff. Legally, I don't see how Newco Hun can be held responsible for what Oldco Hun did. The law will go after the dodgy geezers associated with the Oldco.Quote:
Originally Posted by Hot Shot Hamish
When it comes to football, it depends. Here's my take on it. If the SPL decides to let the Newco take Oldco's place then it will not be punishments as such but rather conditions on transfer. These conditions might look very like the punishments the Oldco would have got but it will be a case of 'take it or leave it' if they want the SPL place. If the Newco also gets to keep the history with this then it will be possible for the SPL to subsequently strip them of all titles won during the alleged double contract period (and that would be quite sweet!)
If SPL says no to Newco then the New Huns would need to apply for the vacancy created at the bottom of the SFL. That would not be a punishment, it would simply be the consequence of SPL exercising its right not to let the new Huns take the vacant place caused by Oldco's liquidation. In that scenario I think there could be no punishments and no history. Technically, they would be a completely different club.
Chris McLaughlin @BBCchrismclaug
One #Rangers debenture holder said to me as he emerged 'the club is gone.'
Ally McCoist on the brink?
If admin could take many more weeks before liquidation starts does this mean rangers start the season in the SPL...still in admin...possibly no players to fulfill fixtures with a 30 point penalty?
Gone in 540 seconds :-))Quote:
Originally Posted by s.a.m
If only. Who would tell the difference in the club they are about to have debt free and assets intact in the next 24 hours?Quote:
Originally Posted by HibeeMG
Hopefully the players walk and things won't quite be the same.
I do wonder about some people, are you actually following this. Things certainly won't 'quite be the same' for a very long time...Quote:
Originally Posted by Andy74
In addition to all the ridiculous amounts of cheating that has been going on, the SPL club chairmen would do well to remember two things: -Quote:
Originally Posted by Spike Mandela
1. Rangers and Celtic wouldn't have given a **** about the rest of the SPL had they gotten their move to England
2. Rangers fans are insisting that they will boycott many of the away fixtures next season.
Reports saying club will be in administration for further 6-10 weeks prior to liquidation. Surely this means Rangers still can't sign anyone under SPL rules.
I would have had a minute amount of sympathy for Rangers and their support had they shown any remorse or humility but given their collective stance I only want the right and proper thing done in their newco starting in the 3rd division. They can blame others all they want but in reality the blame lies within Ibrox and Murray park.
If they're still in administration when the season starts, doesn't this mean that they are in the SPL? :dunno: :boo hoo:Quote:
Originally Posted by Spike Mandela
New name for the Huns is
The Rangers Football Club
According to Sky
Yes and no. The SPL membership will sit with the oldco.Quote:
Originally Posted by reallapsedhibee
However, the newco will be set up in the meantime and assets transferred to enable them to be a football club.
The SPL, including oldco, will then vote on whether the transfer of the membership from oldco to newco will be accepted.
Sky sources saying now McCoist will NOT walk away. Has Ally had a wee tantrum, stamped his feet and got his way again?:rolleyes: What a weasly little man this guy is:cb
Not sure, but presumably there will be an ongoing signing embargo (IIRC for being in admin.)and a points penalty. Plus a possible, pending, expulsion when liquidation does kick in, depending on the SPL vote, which SHOULD have happened by then.Quote:
Originally Posted by reallapsedhibee
If a newco is set up and all the assets transferred then what's the difference?Quote:
Originally Posted by joe breezy
Forgetting for a moment potential charges still under investigation that may lead to football penalties.
As fas I can see only the potential for players to walk and the potential for the SPL to vote them out would change that.
Was there any need for the tone of your response by the way on a subject where it's actually quite difficult to see from day to day what the real picture is?
I think there are plenty Rangers fans who want nothing more than to put this behind them, take any punishment due and start building their club from scratch again. They just aren't being given a voice in the press who are more interested in plying the "don't they know who we are?" line from Huns (huns as opposed to Rangers fans).Quote:
Originally Posted by col02
I don't have much time for McCoist but to be fair, we don't know what (if anything) has happened here.Quote:
Originally Posted by Spike Mandela
I'd just like to agree with all that you say here Andy74.:agree:Quote:
Originally Posted by Andy74
I don't see them being kicked out during the season - that would cause genuine disruption. I think if they manage to play even one league fixture after their pre-season tour, they've cracked it.Quote:
Originally Posted by s.a.m