Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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So .... best guesses and personal opinions ... what is likely to happen if / when liquidators are appointed? Is this just sounded one out in case they are needed?

I think you may be right on the "sounding out". It's not really up to the admins to appoint a liquidator; that's up to the creditors. However, there's always a bit of "phoney war" going on beforehand.

[stokesmessiah]

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I think you may be right on the "sounding out". It's not really up to the admins to appoint a liquidator; that's up to the creditors. However, there's always a bit of "phoney war" going on beforehand.

Out of interest CWG what will happen to you if/when the news that liquidators are called in and this sorry mess starts drawing to a close?

[CropleyWasGod]

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Out of interest CWG what will happen to you if/when the news that liquidators are called in and this sorry mess starts drawing to a close?

1. I will be able to work and eat again.

2. I will be in training, and in a constant state of readiness for the next (maroon) chapter in "Scottish Football.... when the shecht hit the fans".

[greenginger]

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1. I will be able to work and eat again.

2. I will be in training, and in a constant state of readiness for the next (maroon) chapter in "Scottish Football.... when the shecht hit the fans".

Any chance of Number 2. happening before May 19th. It would save untold stress on a lot of aging Hibbies,

[Jim44]

They're beginning to crumble over on FF. There's usually a stubborn, united, 'wha's like us', we arra' people attitude but some of the posts would make a glass eye greet.

Were all hurting right now, but the worst thing is, there is nothing that any of us can do.
The future of our Club now lies in the hands of the Admin and the Bidders. Which is a scary and terrifying thought.
Although, if we do go NewCo, then I WANT to play in Div 3, I dont want to be anywhere near the SP-****ing-L!
I reckon a lot of grown men will be reduced to tears in the days ahead, and im one of them.

I share you pain dude. Desperate times, our club has been systematically destroyed from within and from without. The club is now on it's knees awaiting the final bullet that will put it out of it's misery. I could cry.

That my 3 children won't know what it means to love and support my Rangers, that hurts me immeasurably.
We are all in the same boat.
The Rangers we all love is dying on life support and the wrong people are deciding whether or not to turn off the life support machine.
I'm trying to keep calm and keep my emotions in check but even writing this I can feel a few tears coming on.
I feel sick and disgusted.
I hope Murray, Whyte and all the "yes men" rot in hell.
Really do think the end is near.

When the dust settles and we come out of this the other side, no matter what state were in were all going to have to look at this situation very closely.
Yeah, Whyte, Murray and D&P will bear the brunt of our anger and rightly so, however, we will also have to take a look at ourselves as a support, myself included.
We could have done more, much much more and we didnt. And that is my biggest regret out of all of this, I didnt do enough, I didnt do anything. I thought we were too big to have any great harm come to us, I thought someone would have saved us.
I was wrong.

How can we come back from liquidation fighting? This isn't a video game where you have infinite lives. Liquidation = Death of Rangers!


.......................... and that's just a few of the optimistic ones.

[Eyrie]

So to catch up, the Huns support don't do walking away. Unless they are Brian Kennedy, Blue Knights or Bill Ng.

And these two posts just made my day

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Appointment of insolvency specialists BDO imminent. Apparently.

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Tweeted by Phil Mac:

@Pmacgiollabhain: Why have Insolvency firm BDO sent employees an urgent email asking if anyone has a conflict of interest with Rangers. Imminent appointment?

[lapsedhibee]

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They're beginning to crumble over on FF. There's usually a stubborn, united, 'wha's like us', we arra' people attitude but some of the posts would make a glass eye greet.

Were all hurting right now, but the worst thing is, there is nothing that any of us can do.
The future of our Club now lies in the hands of the Admin and the Bidders. Which is a scary and terrifying thought.
Although, if we do go NewCo, then I WANT to play in Div 3, I dont want to be anywhere near the SP-****ing-L!
I reckon a lot of grown men will be reduced to tears in the days ahead, and im one of them.

I share you pain dude. Desperate times, our club has been systematically destroyed from within and from without. The club is now on it's knees awaiting the final bullet that will put it out of it's misery. I could cry.

That my 3 children won't know what it means to love and support my Rangers, that hurts me immeasurably.
We are all in the same boat.
The Rangers we all love is dying on life support and the wrong people are deciding whether or not to turn off the life support machine.
I'm trying to keep calm and keep my emotions in check but even writing this I can feel a few tears coming on.
I feel sick and disgusted.
I hope Murray, Whyte and all the "yes men" rot in hell.
Really do think the end is near.

When the dust settles and we come out of this the other side, no matter what state were in were all going to have to look at this situation very closely.
Yeah, Whyte, Murray and D&P will bear the brunt of our anger and rightly so, however, we will also have to take a look at ourselves as a support, myself included.
We could have done more, much much more and we didnt. And that is my biggest regret out of all of this, I didnt do enough, I didnt do anything. I thought we were too big to have any great harm come to us, I thought someone would have saved us.
I was wrong.

How can we come back from liquidation fighting? This isn't a video game where you have infinite lives. Liquidation = Death of Rangers!


.......................... and that's just a few of the optimistic ones.

Heartwarming, uplifting, life-enhancing post. ****in brilliant, every last word of it.

[blindsummit]

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They're beginning to crumble over on FF. There's usually a stubborn, united, 'wha's like us', we arra' people attitude but some of the posts would make a glass eye greet.

Were all hurting right now, but the worst thing is, there is nothing that any of us can do.
The future of our Club now lies in the hands of the Admin and the Bidders. Which is a scary and terrifying thought.
Although, if we do go NewCo, then I WANT to play in Div 3, I dont want to be anywhere near the SP-****ing-L!
I reckon a lot of grown men will be reduced to tears in the days ahead, and im one of them.

I share you pain dude. Desperate times, our club has been systematically destroyed from within and from without. The club is now on it's knees awaiting the final bullet that will put it out of it's misery. I could cry.

That my 3 children won't know what it means to love and support my Rangers, that hurts me immeasurably.
We are all in the same boat.
The Rangers we all love is dying on life support and the wrong people are deciding whether or not to turn off the life support machine.
I'm trying to keep calm and keep my emotions in check but even writing this I can feel a few tears coming on.
I feel sick and disgusted.
I hope Murray, Whyte and all the "yes men" rot in hell.
Really do think the end is near.

When the dust settles and we come out of this the other side, no matter what state were in were all going to have to look at this situation very closely.
Yeah, Whyte, Murray and D&P will bear the brunt of our anger and rightly so, however, we will also have to take a look at ourselves as a support, myself included.
We could have done more, much much more and we didnt. And that is my biggest regret out of all of this, I didnt do enough, I didnt do anything. I thought we were too big to have any great harm come to us, I thought someone would have saved us.
I was wrong.

How can we come back from liquidation fighting? This isn't a video game where you have infinite lives. Liquidation = Death of Rangers!


.......................... and that's just a few of the optimistic ones.

I know some people would take a charitable view and have some sympathy, but after years of being shafted by the manky biogts, i feel nothing but schaedenfreude. I remember all the times walking down Easter Road having abuse hurled at me by their "fans". The world will be well rid of them.

[DaveF]

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They're beginning to crumble over on FF. There's usually a stubborn, united, 'wha's like us', we arra' people attitude but some of the posts would make a glass eye greet.

Were all hurting right now, but the worst thing is, there is nothing that any of us can do.
The future of our Club now lies in the hands of the Admin and the Bidders. Which is a scary and terrifying thought.
Although, if we do go NewCo, then I WANT to play in Div 3, I dont want to be anywhere near the SP-****ing-L!
I reckon a lot of grown men will be reduced to tears in the days ahead, and im one of them.

I share you pain dude. Desperate times, our club has been systematically destroyed from within and from without. The club is now on it's knees awaiting the final bullet that will put it out of it's misery. I could cry.

That my 3 children won't know what it means to love and support my Rangers, that hurts me immeasurably.
We are all in the same boat.
The Rangers we all love is dying on life support and the wrong people are deciding whether or not to turn off the life support machine.
I'm trying to keep calm and keep my emotions in check but even writing this I can feel a few tears coming on.
I feel sick and disgusted.
I hope Murray, Whyte and all the "yes men" rot in hell.
Really do think the end is near.

When the dust settles and we come out of this the other side, no matter what state were in were all going to have to look at this situation very closely.
Yeah, Whyte, Murray and D&P will bear the brunt of our anger and rightly so, however, we will also have to take a look at ourselves as a support, myself included.
We could have done more, much much more and we didnt. And that is my biggest regret out of all of this, I didnt do enough, I didnt do anything. I thought we were too big to have any great harm come to us, I thought someone would have saved us.
I was wrong.

How can we come back from liquidation fighting? This isn't a video game where you have infinite lives. Liquidation = Death of Rangers!


.......................... and that's just a few of the optimistic ones.

Got a nice warm glow reading that. If there are any huns looking in, then hurry up and liquidate ya bunch of ******s

[Hibernia&Alba]

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They're beginning to crumble over on FF. There's usually a stubborn, united, 'wha's like us', we arra' people attitude but some of the posts would make a glass eye greet.

Were all hurting right now, but the worst thing is, there is nothing that any of us can do.
The future of our Club now lies in the hands of the Admin and the Bidders. Which is a scary and terrifying thought.
Although, if we do go NewCo, then I WANT to play in Div 3, I dont want to be anywhere near the SP-****ing-L!
I reckon a lot of grown men will be reduced to tears in the days ahead, and im one of them.

I share you pain dude. Desperate times, our club has been systematically destroyed from within and from without. The club is now on it's knees awaiting the final bullet that will put it out of it's misery. I could cry.

That my 3 children won't know what it means to love and support my Rangers, that hurts me immeasurably.
We are all in the same boat.
The Rangers we all love is dying on life support and the wrong people are deciding whether or not to turn off the life support machine.
I'm trying to keep calm and keep my emotions in check but even writing this I can feel a few tears coming on.
I feel sick and disgusted.
I hope Murray, Whyte and all the "yes men" rot in hell.
Really do think the end is near.

When the dust settles and we come out of this the other side, no matter what state were in were all going to have to look at this situation very closely.
Yeah, Whyte, Murray and D&P will bear the brunt of our anger and rightly so, however, we will also have to take a look at ourselves as a support, myself included.
We could have done more, much much more and we didnt. And that is my biggest regret out of all of this, I didnt do enough, I didnt do anything. I thought we were too big to have any great harm come to us, I thought someone would have saved us.
I was wrong.

How can we come back from liquidation fighting? This isn't a video game where you have infinite lives. Liquidation = Death of Rangers!


.......................... and that's just a few of the optimistic ones.

[Jim44]

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I know some people would take a charitable view and have some sympathy, but after years of being shafted by the manky biogts, i feel nothing but schaedenfreude. I remember all the times walking down Easter Road having abuse hurled at me by their "fans". The world will be well rid of them.

You know, when I started that post, a tiny bit of me said, 'c'mon they're flesh and blood like us, how would we feel? etc. Then common sense prevailed and I thought about their total dismissal of everyone bar themselves. I don't have a scrap of sympathy for a single one of them.

[joe breezy]

Great reading, bawbags the lot of them

[Kaiser1962]

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Said it before, LH.... this is just the support act for the main gig.

Now that we are all well-versed in "teams that go pop", just wait until it's "their" turn.

Which is why it is our duty to pay attention to the Hun and ensure that no jiggery pokery goes on here that may set an unsavoury precedent for when the Yam piper needs paid.

[Kaiser1962]

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They're beginning to crumble over on FF. There's usually a stubborn, united, 'wha's like us', we arra' people attitude but some of the posts would make a glass eye greet.

Were all hurting right now, but the worst thing is, there is nothing that any of us can do.

Thats the reality of football these days.

Football ownership is the preserve of an increasingly small percentage of very wealthy men and the fans, however vociferous they may be, have little impact when the money men come calling.

[stokesmessiah]

Anyone heard this ..http://www.bbc.co.uk/sport/0/scotland/17792335

Worrying stuff, hopefully just bleather from the administrators.

[PatHead]

It has just dawned on me we will never ever play Rangers again. Thinking of the bile and hatred which has been directed at me and my family over the years and all I can say is Good Riddance, Fu£k ye, ye dirty orange bassas.

[Leithenhibby]

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Said it before, LH.... this is just the support act for the main gig.

Now that we are all well-versed in "teams that go pop", just wait until it's "their" turn.

Oh I feel all warm inside and shall sleep like a baby tonight knowing that we have a new chapter to look forward to, makes my disappointment subside ever so slightly ......

[stokesmessiah]

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Anyone heard this ..http://www.bbc.co.uk/sport/0/scotland/17792335

Worrying stuff, hopefully just bleather from the administrators.

Just finished listening to that whole interview at first i was slightly concerned as he seemed confident that an agreement will be met with the footballing authorities. After hearing it all one thing is obvious, Rangers are in a mess and i think the pressure is really being cranked up on the administrators there seems to be an awful lot of backtracking and policy changes.?

[snooky]

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It has just dawned on me we will never ever play Rangers again. Thinking of the bile and hatred which has been directed at me and my family over the years and all I can say is Good Riddance, Fu£k ye, ye dirty orange bassas.

Oh the irony

[PatHead]

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Oh the irony

Great isn't it

[Jim44]

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Anyone heard this ..http://www.bbc.co.uk/sport/0/scotland/17792335

Worrying stuff, hopefully just bleather from the administrators.

So if we can believe this guy, Bill Miller has been 'discussing the situation' with the SFA and the SPL. Doncaster and Regan must be bricking themselves just now in that they're well and truly ensconced between a stone and a hard place, knowing that their preferred outcome is to see Rangers welcomed back as unscathed as possible to the SPL but realising that this will cause 'civil war' in Scottish football.

[PatHead]

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So if we can believe this guy, Bill Miller has been 'discussing the situation' with the SFA and the SPL. Doncaster and Regan must be bricking themselves just now in that they're well and truly ensconced between a stone and a hard place, knowing that their preferred outcome is to see Rangers welcomed back as unscathed as possible to the SPL but realising that this will cause 'civil war' in Scottish football.

Sure Warrington Hibs will put them right on Tuesday.

[Caversham Green]

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Just finished listening to that whole interview at first i was slightly concerned as he seemed confident that an agreement will be met with the footballing authorities. After hearing it all one thing is obvious, Rangers are in a mess and i think the pressure is really being cranked up on the administrators there seems to be an awful lot of backtracking and policy changes.?

It sounds like the plan is that a Newhun takes Oldhun's place in the league, but Oldhun remains in administration rather than being liquidated. They would have to move money over to Oldhun to reduce the debts enough to achieve a CVA - possibly through renting Ibrox - then once a CVA has been achieved Oldhun and Newhun 'merge' and effectively become Oldhun again.

Problems that I can see are that it would be very expensive to continue in administration and a lot of Newhun's money would have to leak out to Oldhun, I would think all of the players' contracts would have to be negotiated and they may be free to walk away (if any actually do walking away), and the existing rules already state that a further 10 point penalty would be suffered if the club remains in administration while Wullie himself has said:

Originally posted by Willie Miller (no,not that one)
(or that one)
My offer is contingent upon the regulatory bodies agreeing that the club will begin play in the 2012/13 season in the SPL and that they will do so without any loss of points and with all historic titles intact.I will not acquire the club unless I receive written assurances from both regulatory bodies to this effect.

Either he or the SPL will have to give ground and if it's the latter I foresee carnage.

[SteveHFC]

http://www.thescottishsun.co.uk/scot...ion-fears.html

[Jim44]

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http://www.thescottishsun.co.uk/scot...ion-fears.html

They're willing to pay Ticketus millions of pounds over an agreed period of time but will also want to wipe the slate clean with HMRC by paying a fraction of their debt overnight.

[MrSmith]

“Paul Clark is saying they want an unconditional offer but how can anyone bid unconditionally when they don’t have Whyte’s shares? If the administrators tell the Knights his shares are there, the deposit will be there five minutes later.”

More bravado then!

[Leithenhibby]

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They're willing to pay Ticketus millions of pounds over an agreed period of time but will also want to wipe the slate clean with HMRC by paying a fraction of their debt overnight.

The Sun article also states Ticketus as the largest creditor, am I not right in saying that it's HMRC

[grunt]

These statements do not indicate to me that the authors have an in-depth understanding of the issues:

http://www.followfollow.com/news/tmn...28/index.shtml

http://www.rangerssupporterstrust.co.uk/rstsite/latest-rst-news/450-an-analysis-of-the-bill-miller-bid-for-rfc

[Ray_]

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The Sun article also states Ticketus as the largest creditor, am I not right in saying that it's HMRC

From my understanding, at the moment, no, after the big tax case is heard, most likely, by some distance.

[down-the-slope]

http://www.bbc.co.uk/sport/0/football/17789810

if that is the only bid on the table.....they are screwed...at least beeb got the view of someone who has credibility...

Professor David Hillier, vice dean of Strathclyde Business School, disputes Miller's claim that his offer would avoid liquidation.