muttonhumper Posted February 14, 2012 Share Posted February 14, 2012 Yup. Entire paper is in full on Apocalypse Mode, however they are STILL perpetuating The Big Lie: that Scottish Football is nothing without Rangers, hopefully we shall see that myth shattered.Unsubstantiated, scaremongering drivel perpetuated by agenda driven fuckwits. I'm willing to test their theoryMe also. Link to comment
Crossbow Posted February 14, 2012 Share Posted February 14, 2012 Nope - it's not a dream. Is administration now a way for CW to save his cash? Would the last rat out of Ibrox please lock the gates. The lights are already off due to unpaid bills. Link to comment
E-P-K Posted February 14, 2012 Share Posted February 14, 2012 The normal gloom about going back to work is not the case today, in fact a spring in my step, canna wait to see the resident blue nose hun. Link to comment
strachanmcgheegoal Posted February 14, 2012 Share Posted February 14, 2012 Daily Record - You'd think they'd at least have done a commemorative plate or something. Or are they skint too? Link to comment
vanderark14 Posted February 14, 2012 Share Posted February 14, 2012 Have to laugh at some of the interviews on telly with hun fuckwits. "We're too big for this to happen" "Rangers are bigger than this, how can this happen with our tradition and history" Fucking inbred, brain deed buffoons. Daryl King was on talksport this morning saying this is devastating for Scottsih football and people should realise this. No daryl you cunt, this will bring short term financial problems but in the end we will have something that will bring back the fans - a competitive league with a level financial playing field. The normal gloom about going back to work is not the case today, in fact a spring in my step, canna wait to see the resident blue nose hun. same here. Woke up in a marvelous mood because of this news Link to comment
barassie_afc Posted February 14, 2012 Share Posted February 14, 2012 Being the cynic I am , is there a possibility that Whyte has been put in as a patsy to take the club into admin, become the villain , while the real villian ( SDM) comes back to "save" the club ? Incidentally Murray should be stripped of his knighthood Link to comment
vanderark14 Posted February 14, 2012 Share Posted February 14, 2012 apparently the Scottish sports minister has commented on the situation. here are some of the comments from the huns about it "When the SNP manifesto proposes the end of apartheid education, I might, just might listen...""Still wouldn't vote for them...But like all other "concerned" people, where were they when the ship was heading for the rocks? Not a f'king eye lid was batted when SDM was sailing to the choppy waters from 2002. ""The SNP are in power yet fund the Apartheid Educational System that fuels the sectarian divide.The SNP are pro-active in decrying our club and it's supporters.The SNP do nothing about the pro-terrorist chanting by Celtic supporters - even at Tynecastle where the First Minister is an alleged supporter.""Help The Rangers and destroy The Union? F@CK THE S.N.P. We'll fight & No Surrender." not opening another political debate, I just want to highlight some more of their stupidity. oh and Link to comment
At The Border Guy Posted February 14, 2012 Share Posted February 14, 2012 Might have been posted elsewhere, but here's some fun reading: http://scotslawthoughts.wordpress.com/2012/02/13/rangers-administration-cva-nae-chance/ Link to comment
Mikeyboy1903 Posted February 14, 2012 Share Posted February 14, 2012 Craig Whyte saying that they may be forced to Liquidated......... Oh getting better and better.... I think it'snow on the cards they will create another Rangers,. Link to comment
Crossbow Posted February 14, 2012 Share Posted February 14, 2012 Craig Whyte saying that they may be forced to Liquidated......... Oh getting better and better.... I think it'snow on the cards they will create another Rangers,. I wonder who they will be as CW surely can't be permitted to do anything other than slink away (with or without the ticketus money). Not our problem. I wonder if the Cowdenbeath scenario is now being warmed up. Link to comment
Dynamo Posted February 14, 2012 Share Posted February 14, 2012 The huns didn't give a shit about the SPL and scottish football when they wanted to move to England.Nobody gave a shit that Airdrie and Clydebank went bust.Fuck the huns. Link to comment
a don in oz Posted February 14, 2012 Share Posted February 14, 2012 Ah just reading looks like they can't sell players out of the window if this (BBC) link is right. So yeah, cheap shit will be freed if that's the case. Aww.... Link to comment
a don in oz Posted February 14, 2012 Share Posted February 14, 2012 The huns didn't give a shit about the SPL and scottish football when they wanted to move to England.Nobody gave a shit that Airdrie and Clydebank went bust.Fuck the huns. Yeah I made that point in a slightly gleeful email to my brothers and dad just now. Their "we'll go and you'll be sorry" attitude at the time stank and this feels very sweet (as long as it comes off... and they don't wriggle off the hook). Link to comment
Wanderingdon Posted February 14, 2012 Share Posted February 14, 2012 Was going to put a post about how i thought this was bad for Scottish football, but as I wrote it I could not stop laughing xD so FUK EM :-) get what they deserved ive said for years that Rangers killed the scottish game with all the lame players they brought to the league and choked the young scottish talent coming through So Chuff tae Fuck, Come on yae dancer Link to comment
RUL Posted February 14, 2012 Share Posted February 14, 2012 Craig Whyte saying that they may be forced to Liquidated......... Oh getting better and better.... I think it'snow on the cards they will create another Rangers,. Where'd he say that? Link to comment
Dynamo Posted February 14, 2012 Share Posted February 14, 2012 Was going to put a post about how i thought this was bad for Scottish football, but as I wrote it I could not stop laughing xD so FUK EM :-) get what they deserved ive said for years that Rangers killed the scottish game with all the lame players they brought to the league and choked the young scottish talent coming through So Chuff tae Fuck, Come on yae dancer How is it possibly bad for Scottish football that one of the duopoly is potentially going up the shitter? Link to comment
Mikeyboy1903 Posted February 14, 2012 Share Posted February 14, 2012 Where'd he say that? Talksport news reporting that it's now a serious possabilty . Link to comment
Dandyesque Posted February 14, 2012 Share Posted February 14, 2012 As amusing as it all is, even the mainstream media seem to think the worse that will happen to them is that they'll be uncompetitive for a handful of years. The club goes into admin and Whyte as secured creditor takes the stadium and the training ground, then uses them to set up Rangers Pheonix co. They come out of admin in March, taking a 10 point hit, but still being able to go into Europe next season. The rest of the league then let them back in, but with a 15 point per season penalty for the next 3 seasons as a "punishment". So Celtic win 3 league titles that they were likely to win anyway and nothing changes with regard to voting rights etc. I think this would be a fairly likely outcome in all honesty. Link to comment
barassie_afc Posted February 14, 2012 Share Posted February 14, 2012 As amusing as it all is, even the mainstream media seem to think the worse that will happen to them is that they'll be uncompetitive for a handful of years. The club goes into admin and Whyte as secured creditor takes the stadium and the training ground, then uses them to set up Rangers Pheonix co. They come out of admin in March, taking a 10 point hit, but still being able to go into Europe next season. The rest of the league then let them back in, but with a 15 point per season penalty for the next 3 seasons as a "punishment". So Celtic win 3 league titles that they were likely to win anyway and nothing changes with regard to voting rights etc. I think this would be a fairly likely outcome in all honesty. What happens to HMRC money then , they cut a deal ? Link to comment
Crossbow Posted February 14, 2012 Share Posted February 14, 2012 As amusing as it all is, even the mainstream media seem to think the worse that will happen to them is that they'll be uncompetitive for a handful of years. The club goes into admin and Whyte as secured creditor takes the stadium and the training ground, then uses them to set up Rangers Pheonix co. They come out of admin in March, taking a 10 point hit, but still being able to go into Europe next season. The rest of the league then let them back in, but with a 15 point per season penalty for the next 3 seasons as a "punishment". So Celtic win 3 league titles that they were likely to win anyway and nothing changes with regard to voting rights etc. I think this would be a fairly likely outcome in all honesty. HMRC will not permit CW to be a secured creditor I suspect. In any event unless he pays a market value for the assets (if he could do this they would surely not be in their current mess) he could not secure them and he would not have the right to set the price (the administrator/liquidators would) - I doubt however having had one club go into liquidation under him he could be viewed by the SFA or UEFA as a fitting person to be the chairman of another club. The football world does not understand the law. The law and the taxman have no mercy particularly against those who have squirmed to avoid matters for years and delayed payments and filing proper accounts. They are squirming on the hook and threatening and whining at the same time. Enjoy the show - the bully is getting his ultimate shafting. Link to comment
Foster14 Posted February 14, 2012 Share Posted February 14, 2012 The club goes into admin and Whyte as secured creditor takes the stadium and the training ground, then uses them to set up Rangers Pheonix co. They come out of admin in March, taking a 10 point hit, but still being able to go into Europe next season. Impossible for a pheonix company... Link to comment
Dandyesque Posted February 14, 2012 Share Posted February 14, 2012 What happens to HMRC money then , they cut a deal ? They get next to nothing Link to comment
barassie_afc Posted February 14, 2012 Share Posted February 14, 2012 They get next to nothing wont happen Link to comment
donsloon Posted February 14, 2012 Share Posted February 14, 2012 As amusing as it all is, even the mainstream media seem to think the worse that will happen to them is that they'll be uncompetitive for a handful of years. The club goes into admin and Whyte as secured creditor takes the stadium and the training ground, then uses them to set up Rangers Pheonix co. They come out of admin in March, taking a 10 point hit, but still being able to go into Europe next season. The rest of the league then let them back in, but with a 15 point per season penalty for the next 3 seasons as a "punishment". So Celtic win 3 league titles that they were likely to win anyway and nothing changes with regard to voting rights etc. I think this would be a fairly likely outcome in all honesty. We need to demand changes to the league now. If they want back in then there needs to be a level playing field from now on, otherwise GTF and start again in division 3. Link to comment
Dandyesque Posted February 14, 2012 Share Posted February 14, 2012 HMRC will not permit CW to be secured creditor unless he pays a market value for the assets (if he could do this they would surely not be in their current mess) - I doubt however having had one club go into liquidation under him he could be viewed by the SFA or UEFA as a fitting person to be the chairman of another club. The football world does not understand the law. The law and the taxman have no mercy particularly against those who have squirmed to avoid matters for years and delayed payments and filing proper accounts. They are squirming on the hook and threatening and whining at the same time. Enjoy the show - the bully is getting his ultimate shafting. Whyte is purportedly owed Link to comment
Dandyesque Posted February 14, 2012 Share Posted February 14, 2012 wont happen If they liquidate the club, they'd get next to nothing anyway. They would get a large percentage of what assets remained. But NOT the heritable property - that is the point of a secured loan Link to comment
Pudgie Posted February 14, 2012 Share Posted February 14, 2012 They get next to nothingWhat in the name of the wee man do you think HMRC are? A charity? They will take all they can. They couldn't give a monkeys who Rangers are or what they stand for. They need their money and they have decided that they need it now. Link to comment
Foster14 Posted February 14, 2012 Share Posted February 14, 2012 If they liquidate the club, they'd get next to nothing anyway. They would get a large percentage of what assets remained. But NOT the heritable property - that is the point of a secured loan If the heritable property is worth more than the debt though (which according to Rangers' balance sheet, it is sufficiently more) then I think the security will be challenged, especially since the security will not have been offered at arms length... EDIT: Rangers valuation of freehold property at 30 June 2010 - £112m. Link to comment
Dandyesque Posted February 14, 2012 Share Posted February 14, 2012 What in the name of the wee man do you think HMRC are? A charity? They will take all they can. They couldn't give a monkeys who Rangers are or what they stand for. They need their money and they have decided that they need it now. I'm not saying for one second that they could or do care about Rangers. Simply that the taxman cannot take cash that does not exist. If they are liquidated, owing, for the sake of argument, £100M in total and £75M to the taxman, then HMRC will get 75% of their assets, such as they are. If they manage to raise £10M in unsecured cash and other assets, HMRC will get £7.5M Secured debts are totally different. That's why they are called "secured". Link to comment
Site Sponsor RTYD Posted February 14, 2012 Site Sponsor Share Posted February 14, 2012 As amusing as it all is, even the mainstream media seem to think the worse that will happen to them is that they'll be uncompetitive for a handful of years. The club goes into admin and Whyte as secured creditor takes the stadium and the training ground, then uses them to set up Rangers Pheonix co. They come out of admin in March, taking a 10 point hit, but still being able to go into Europe next season. The rest of the league then let them back in, but with a 15 point per season penalty for the next 3 seasons as a "punishment". So Celtic win 3 league titles that they were likely to win anyway and nothing changes with regard to voting rights etc. I think this would be a fairly likely outcome in all honesty. Yes but it is a newco so the SPL should not allow them into the league. Additionally the players will be sold or released. Link to comment
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