I think they acted as his advisors when he took over Rangers. Maybe have previous with his other companies, too.Quote:
Originally Posted by Paisley Hibby
So not entirely impartial or disinterested.
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I think they acted as his advisors when he took over Rangers. Maybe have previous with his other companies, too.Quote:
Originally Posted by Paisley Hibby
So not entirely impartial or disinterested.
Quote:
Originally Posted by GloryGlory
Would hope that the SPL would hammer them with another 10 point deduction .. At least ...
Quote:
Originally Posted by Cropley10
Can't see any way Scottish Football could continue if this was the case.
Ridiculous.
Thanks for that. I know nothing about Company Law but surely the Court should appoint the administators? If that's not the law just now then it should be.Quote:
Originally Posted by GloryGlory
Would actually think (hope) relegation to a lower division may be in order for failing to fulfill fixtures! :greengrinQuote:
Originally Posted by LeithenHibby
PS A 10 point deduction per each unfulfilled fixture could do it. Would expect Strathclyde Loyal Polis to somehow find a way of policing matches if this were the case!
Quite right. They have enough unpaid old bills :wink: already.Quote:
Originally Posted by Lupo
I'd imagine HMRC will be taking a close look at every decision they take, while i expect Duff and Phelps to try and help the huns, they are still bound by the rules. If D&F's try it on, i'd expect HMRC to appeal anything dodgy? They want paying and will be doing their best to get it.Quote:
Originally Posted by GloryGlory
Not out of the question considering that was the reasoning for Livi being dropped to Division Three (albeit by the SFL rather than SPL).Quote:
Originally Posted by GloryGlory
I have only just started to go back to Easter Road after the 10-team SPL fiasco last year.Quote:
Originally Posted by Big Frank
If Rangers were admitted straight back into the SPL it would finish me off for good with Scottish Football.
Is that not what happened to Gretna? Or was it Livi?Quote:
Originally Posted by GloryGlory
They were unable to give guarantees that they could fulfill their fixtures, so they were dropped to the bottom division?
They were liquidated anyway after Mileson withdrew his financial guarantee.Quote:
Originally Posted by StevieC
They reformed but did not apply for readmission to the SPL.
I think this quote from the Scottish Government suggest the Hunz will get away with thisQuote:
Originally Posted by blackpoolhibs
Sport Minister Shona Robison said Rangers current plight was "a concerning situation for everyone involved in Scottish football".
She said: "Football is our national game and it is now for the administrators to take forward the process of assessing the business and securing an outcome in the best interests of the club, its staff, supporters and the game of football as a whole in Scotland."
...and here was thinking that one of the main roles of the Administrators is actually to try to sort out a fair deal for creditors - including us as taxpayers in this case?
We could have the polis going round Ibrox on match day displaying sponsors' logos, as the establishment found a way to help out the good old 'Gers by paying their police bills! :greengrinQuote:
Originally Posted by StevieC
Quote:
Originally Posted by StevieC
It was the SFL, this is SPL. No the same, which is a real shame.... :rolleyes:
Isn't Nicola Sturgeon the MSP for Govan? I can see a rescue package looming.Quote:
Originally Posted by Paisley Hibby
What will happen is Mr whyte will start a new company called Huns Fc for example no debt aquire all assests BUT the big question is will they be allowed into the SPL
Can't imagine that they would do any such thing and that the process will be carried out in line with current Insolvency legislation and practice! :wink:Quote:
Originally Posted by Smidge
As I said earlier, if CW's advisors in the plan to set the club up for such a move as has now happened are now to act as Administrators to RFC, then they will have been very involved in the deal structure and, presumably, in achieving a structure which served the ambitions of their client in maintaining control over RFC and its assets no matter what! Whether they would be able to manipulate financial elements of the administration which was to the legal detriment of other groups of creditors whose (unsecured) interests must be looked after along with those of the more protected secured creditors such as CW or the lending (to RFC) company by way of a bond and floating charge or some form of fixed security secured over specific property is questionable within the legal constraints that they will be working within I imagine! :cb
How could there be a 10-2 vote or 11-1 vote if Rangers are bust? There would only be 11 teams in the SPL.
I'm not quite so sure its that clear cut? This is a huge case, even by british standards. And the right thing has to be seen to be done. Gone are the days of running roughshod over folk. Tax payers are keen these days to see companies pay just what they owe, and the law is the law. I dont think this can just be swept under the carpet, they might get away with paying less, but it will be transparent, and there for everyone to see.Quote:
Originally Posted by Paisley Hibby
On a serious note a lot of people are now going to lose their job over this and I don't mean the highly paid top players. When an administrator goes into a business they quite quickly make people redundant.
Expect youth players and non day to day essential personnel to lose their jobs this week. This is the real tragedy in all this
Rangers will be back to normal in 1-2 years, playing in the same stadium but with all the debt wiped out.
While they are in administration, I am sure that the administrator will wield their vote.Quote:
Originally Posted by Lofarl
I think people forget how entrenched Rangers are in every nook and cranny of scottish society. I think they will somehow get out of this relatively unscathed due to people in supposedly impartial positions who will look after them. Even people with no interests in football will be worried about being traceable as an individual who helped pull the trigger. Most of the media are already in tears and not once has anyone mentioned that this is their own fault.Quote:
Originally Posted by Paisley Hibby
This is a dark day all right but not for the reasons they are all stating.
I would like to thank Glasgow Rangers Football Club for some wonderful memories over the years.
http://newsimg.bbc.co.uk/media/image...sproule203.jpg
http://newsimg.bbc.co.uk/media/image...oconnor270.jpg
http://static.guim.co.uk/sys-images/...Dickoh-005.jpg
In PR terms I agree, in £ terms not so! :cbQuote:
Originally Posted by blackpoolhibs
How so?Quote:
Originally Posted by SlickShoes
:agree: Thats what i was meaning to say, and every media person in the land will be looking in on it. The BRITISH :greengrin tax payer wants to see things done right, not everyone in the uk is a hun apologist, they will need to do things by the book, there are a lot of people out there who will try their hardest to make sure thats the case. :greengrinQuote:
Originally Posted by TornadoHibby
Anyone else hear the rubbish being spouted on talk sport just now? Scottish football should help rangers in their time of need :rolleyes:
Quote:
Originally Posted by PaSaikouKujabi
I concur :agree:
http://www.youtube.com/watch?v=QLV-DCTD2OA
I agree, more or less, I can't see much changing in Scottish football due to this. Celtic will have the next few leagues won with Rangers second, then it'll be back to the way it's been for years.Quote:
Originally Posted by SlickShoes
And I don't believe they'll have 'learnt thier lesson' either, in 5 years time they'll live outwith thier means, knowing that the consequences aren't all that terrible.
I'd love to be wrong though.