Generic Sevco / Rangers meltdown thread

[HoboHarry]

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If you want Rangers in administration, you want Hearts to win the championship next season.

Hearts will not win the league next year regardless of Rangers problems. They have a mountain to climb and I doubt that the level of their playing staff will be much different to what it is this year.

[Jack Hackett]

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I think you do the other clubs a big dis-service and are possibly overrating the quality of team Hearts will have. Also, Hearts could still be in Adminstration themselves.


Wouldn't that be funny, Hearts start the season on -15 and The Rangers on -15/-25 (depending on how they then decide the status of their club)

Regardless of whether it's 15 or 25, they'll win the league. They've made damn sure the automatic relegation rule was scrapped before they've embarked on this (probable) course. Everything lined up and a quick in and out of admin before the season's anywhere near finished

Cheats then. Cheats now. Cheats forever.

Loathsome from top to bottom

[Ozyhibby]

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Regardless of whether it's 15 or 25, they'll win the league. They've made damn sure the automatic relegation rule was scrapped before they've embarked on this (probable) course. Everything lined up and a quick in and out of admin before the season's anywhere near finished

Cheats then. Cheats now. Cheats forever.

Loathsome from top to bottom

Maybe not. The whole purpose of this admin is to get out of expensive player contracts. They will release everyone who is earning too much and have to go with youngsters the rest of the season.

[HoboHarry]

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Maybe not. The whole purpose of this admin is to get out of expensive player contracts. They will release everyone who is earning too much and have to go with youngsters the rest of the season.

I imagine that Black, Daly, Sheils, Law, Bell, McCulloch, Templeton and Foster are all on decent money. How many will they shed? Whatever, if they shed even half of them it would give the other teams an opportunity and belief I would have thought.

[Newry Hibs]

So if there is a 2nd controlled admin - does anyone in the real world get stiffed (i.e. HMRC, newsagents ....)?

Seems to be a way of cancelling contracts of players they don't want or are too expensive.

15 or 25 points is irrelevant this season, so no punishment there.

Other than the embarassment (yeah, I know) is there any down side for The Rangers?

[HoboHarry]

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So if there is a 2nd controlled admin - does anyone in the real world get stiffed (i.e. HMRC, newsagents ....)?

Seems to be a way of cancelling contracts of players they don't want or are too expensive.

15 or 25 points is irrelevant this season, so no punishment there.

Other than the embarassment (yeah, I know) is there any down side for The Rangers?

How can it be irrelevant? If it is 25 points (and I don't know that for sure) they will be back to close to equal with Dunfermline but with potentially all of their high earners gone. You don't think Dunfermline will see an opportunity there?

[Ozyhibby]

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How can it be irrelevant? If it is 25 points (and I don't know that for sure) they will be back to close to equal with Dunfermline but with potentially all of their high earners gone. You don't think Dunfermline will see an opportunity there?

Exactly

[Newry Hibs]

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How can it be irrelevant? If it is 25 points (and I don't know that for sure) they will be back to close to equal with Dunfermline but with potentially all of their high earners gone. You don't think Dunfermline will see an opportunity there?

Hmmm - I see 25 points would put them 1 behind Dunfy, however I think would still have enough to get them top. MAybe these high earners will be re-signed on not so high earnings for the rest of the season - or face having no income and publicly branded traitors.

[BH Hibs]

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If you want Rangers in administration, you want Hearts to win the championship next season.

No I don't I want both the cheating *******s in the lowland league

[johnbc70]

They should be totally hammered if they go into admin again. A blind man could see it was coming with players on thousands a week and a manager earning £800,000 a year FFS. We all knew it was happening but the authorities sat by and watched it all happen, although saying that they were probably powerless.

[Lucius Apuleius]

Talking to a, and I quote, a dyed in the wool blue nose from my toes to the top of my head and feckn hate kafflix, last night who is funnily enough the first person I have ever heard say they had sympathy for the small businesses that lost money. Gobsmacked was i.

[Hermit Crab]

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Hearts will not win the league next year regardless of Rangers problems. They have a mountain to climb and I doubt that the level of their playing staff will be much different to what it is this year.

Agreed. In a league full of hatchet men their poor wee lambs couldn't handle that. Tattoo mans level though.

[Hermit Crab]

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Hmmm - I see 25 points would put them 1 behind Dunfy, however I think would still have enough to get them top. MAybe these high earners will be re-signed on not so high earnings for the rest of the season - or face having no income and publicly branded traitors.

Dunfermline play the rangers on the last day of the season. Iirc

[Hermit Crab]

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They should be totally hammered if they go into admin again. A blind man could see it was coming with players on thousands a week and a manager earning £800,000 a year FFS. We all knew it was happening but the authorities sat by and watched it all happen, although saying that they were probably powerless.

Hammer them again? They are a new club/company.

[Hermit Crab]

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I imagine that Black, Daly, Sheils, Law, Bell, McCulloch, Templeton and Foster are all on decent money. How many will they shed? Whatever, if they shed even half of them it would give the other teams an opportunity and belief I would have thought.

Start tapping Shiels up now ;)

[Matty_Jack04]

@alextomo: Some more questions for Rangers tonight - questions note - not statements ?

@alextomo: Why is Jack Irvine contacting journos quite unsolicited tonight to deny possible imminent Admin to people who hadn't asked about it?

@alextomo: Will Rangers deny that Nash and Wallace have met 2 potential Administrators in the past 48 hours? #c4news

[jdships]

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alex thomson ‏@alextomo 9m Rangers to go into Administration on Wednesday? At least one senior Glasgow accountant is saying so tonight.

Speaking , today, with an accountant friend whose firm was involved in the last IBROX "problem" and he made the comment
" .....it is highly likely that Sevco/Rangers, whatever you want to call them, will be in administration this week. All the signs are there !!
You can't run a football business like a market stall and expect to succeed "

[SteveHFC]

Gifs at the ready

[Pretty Boy]

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alex thomson ‏@alextomo 9m Rangers to go into Administration on Wednesday? At least one senior Glasgow accountant is saying so tonight.

Shame.

[Eyrie]

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I imagine that Black, Daly, Sheils, Law, Bell, McCulloch, Templeton and Foster are all on decent money. How many will they shed? Whatever, if they shed even half of them it would give the other teams an opportunity and belief I would have thought.

Add McCoist to that list of overpaid duds they should look to empty (but hopefully won't).

[Hank Schrader]

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If you want Rangers in administration, you want Hearts to win the championship next season.

Who says Hearts will definitely be in the Championship?

[Ronniekirk]

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Speaking , today, with an accountant friend whose firm was involved in the last IBROX "problem" and he made the comment
" .....it is highly likely that Sevco/Rangers, whatever you want to call them, will be in administration this week. All the signs are there !!
You can't run a football business like a market stall and expect to succeed "

If they do this has been planned and they have brought in players on wages they knew they couldn't afford but in effect knew they could win the league comfortably and take the minus whatever points and still come up .They really need a bigger punishment than that .They seem to think they were hard done by before and now they think there isn't the on going stomach in new set up to take them on again It would be the arrogance of the club if they did do this that I find hard to accept Sporting Integrity ? it's greed and they won't stop till back in top flight ,they really don't care .The current civil war and board room Politicking are deplorable just now .Its everyone wanting a share of the potential money pot further down the line so positioning themselves to try and take over the club before they get back into top flight again .

[#FromTheCapital]

At least the old rangers had a good innings. The zombie rangers are too young to die but just like their ancestors I'm struggling to give a ****.

[Haymaker]

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Gifs at the ready

Can always rely on you steve!

[Boyle89]

There really should have been a rule put in place to stop them going into admin for at least a few seasons. They were always going to spend big to make sure they got into the top league as fast as possible. A new team enters the league and maybe going into administration in under 2 years. This must be a record?

[Weststandwanab]

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There really should have been a rule put in place to stop them going into admin for at least a few seasons. They were always going to spend big to make sure they got into the top league as fast as possible. A new team enters the league and maybe going into administration in under 2 years. This must be a record?

Portsmouth entered Administration for the second time in two years on 17th February 2011.

[MKHIBEE]

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Portsmouth entered Administration for the second time in two years on 17th February 2011.

Rotherham went into administration after the 2005/6 season and again in March 2008

[lord bunberry]

Portsmouth and Rotherham weren't new teams, this incarnation of rangers has only existed for 2 years, if they're allowed to go into administration and still be promoted then I would say the rules need to be changed.

[CropleyWasGod]

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Portsmouth and Rotherham weren't new teams, this incarnation of rangers has only existed for 2 years, if they're allowed to go into administration and still be promoted then I would say the rules need to be changed.

I don't know much about the Rotherham story, but there's little difference between Portsmouth and Rangers. Both clubs had their business taken over by Newco's. The major difference, though, is that Portsmouth were allowed to remain in the same League. That's because the SFA and FA view such events differently.

[JeMeSouviens]

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I don't know much about the Rotherham story, but there's little difference between Portsmouth and Rangers. Both clubs had their business taken over by Newco's. The major difference, though, is that Portsmouth were allowed to remain in the same League. That's because the SFA and FA view such events differently.

The FA and SFA do take a different view but in this instance it wouldn't have changed the outcome.

The FA are willing to accept a newco in the same division if the creditors of the oldco are satisfied, as Portsmouth's were (this is what Trevor Birch was alluding to when he said things are different up here, ie. Hearts need to transfer shares, not just agree a CVA):

http://news.bbc.co.uk/sport2/hi/foot...th/8746162.stm

However, if creditors are unsatisfied, the FA treats the newco quite differently, as per Darlington:

http://en.wikipedia.org/wiki/Darlington_1883

Sevco are a newco following a refused CVA, so wouldn't have been allowed to "stay" in the SPL even under FA rules.