Rangers Have gone into Administration

This glorious day needs a thread of it's own

https://p.twimg.com/AlizhR1CIAAZgtb.jpg

^ LOL @ Jim White.

10 point automatic deduction says the rules.

Rangers are to go into administration after lodging the notice in Edinburgh at Monday lunchtime.

http://www1.skysports.com/football/news/11788/7518679/Gers-to-go-into-administration

― James Mitchell, Monday, February 13, 2012 3:22 PM (25 minutes ago) Bookmark Flag Post Permalink

What are the SPL rules on this?

― Charles Kennedy Jumped Up, He Called 'Oh No'. (Tom D.), Monday, February 13, 2012 3:24 PM (22 minutes ago) Bookmark Flag Post Permalink

I remember Dundee got deducted something ridiculous like 30 pts

― Charles Kennedy Jumped Up, He Called 'Oh No'. (Tom D.), Monday, February 13, 2012 3:25 PM (21 minutes ago) Bookmark Flag Post Permalink

only because it was their second time. Plus that was SFL rules, SPL precedent will be what happened to Motherwell. 9 or 10 points. Congrats on your league win!

― pfunkboy (Algerian Goalkeeper), Monday, February 13, 2012 3:29 PM (17 minutes ago) Bookmark Flag Post Permalink

Suspect that the rest of the world doesn't give a monkeys.

Suspect Michel Platini disagrees.

― Sh3rry and the Bloodworks \m/ (onimo), Monday, February 13, 2012 3:30 PM (16 minutes ago) Bookmark Flag Post Permalink

― Sh3rry and the Bloodworks \m/ (onimo), Monday, February 13, 2012 3:31 PM (15 minutes ago) Bookmark Flag Post Permalink

SPL precedent will be what happened to Motherwell. 9 or 10 points.

Believe it when I see it

― Charles Kennedy Jumped Up, He Called 'Oh No'. (Tom D.), Monday, February 13, 2012 3:32 PM (14 minutes ago) Bookmark Flag Post Permalink

BBC says an immediate 10-point penalty from the SPL if the club is formally put into administration.

― James Mitchell, Monday, February 13, 2012 3:33 PM (13 minutes ago) Bookmark Flag Post Permalink

it wont be thirty. but im pretty sure the rules are 9 or 10 points. Its automatic.

― pfunkboy (Algerian Goalkeeper), Monday, February 13, 2012 3:33 PM (13 minutes ago) Bookmark Flag Post Permalink

there we go then

― pfunkboy (Algerian Goalkeeper), Monday, February 13, 2012 3:33 PM (13 minutes ago) Bookmark Flag Post Permalink

if nu rangers are formed then shame on any club chairman who votes to allow them straight into the SPL

― pfunkboy (Algerian Goalkeeper), Monday, February 13, 2012 3:34 PM (12 minutes ago) Bookmark Flag Post Permalink

And celtic and maybe mad vlad are the only ones who might not vote them in tbh

― pfunkboy (Algerian Goalkeeper), Monday, February 13, 2012 3:35 PM (11 minutes ago) Bookmark Flag Post Permalink

BBC says an immediate 10-point penalty from the SPL if the club is formally put into administration.

Still won't believe it till I see it

― Charles Kennedy Jumped Up, He Called 'Oh No'. (Tom D.), Monday, February 13, 2012 3:35 PM (11 minutes ago) Bookmark Flag Post Permalink

Jim White's face on SSN...

― Aunt Acid and the Gaviscons (aldo), Monday, February 13, 2012 3:35 PM (11 minutes ago) Bookmark Flag Post Permalink

And celtic and maybe mad vlad are the only ones who might not vote them in tbh

Mad Vlad hates both Glasgow clubs. Peter Lawell stated quite clearly that he doesn't think Celtic need Rangers. The other clubs rely on TV money much more than Celtic and would be much more likely to attempt to salvage a TV deal should Rangers fold.

― Sh3rry and the Bloodworks \m/ (onimo), Monday, February 13, 2012 3:37 PM (9 minutes ago) Bookmark Flag Post Permalink

― Sh3rry and the Bloodworks \m/ (onimo), Monday, February 13, 2012 3:39 PM (7 minutes ago) Bookmark Flag Post Permalink

Awesome!!!!!!!!!

― Charles Kennedy Jumped Up, He Called 'Oh No'. (Tom D.), Monday, February 13, 2012 3:40 PM (6 minutes ago) Bookmark Flag Post Permalink

Anyway, that'll only put them 14 points behind us, easy peasy

― Charles Kennedy Jumped Up, He Called 'Oh No'. (Tom D.), Monday, February 13, 2012 3:41 PM (6 minutes ago) Bookmark Flag Post Permalink

He was almost crying just now interviewing the Wolves chairman.

It's a glorious coincidence it was him on as it happened though.

― Aunt Acid and the Gaviscons (aldo), Monday, February 13, 2012 3:41 PM (5 minutes ago) Bookmark Flag Post Permalink

G_d, he can barely speak. Stumbling over every word.

― Aunt Acid and the Gaviscons (aldo), Monday, February 13, 2012 3:42 PM (4 minutes ago) Bookmark Flag Post Permalink

lol @ jim white.

― pfunkboy (Algerian Goalkeeper), Monday, February 13, 2012 3:43 PM (3 minutes ago) Bookmark Flag Post Permalink

When Kirsty mentioned it there he put on the dictionary definition of "brave face".

― Aunt Acid and the Gaviscons (aldo), Monday, February 13, 2012 3:45 PM (2 minutes ago

i have no real affinity to spl beyond mid-90's celtic fervour and a willing acknowledgement that larsson is one of the top ten players in britain of the last double-decade, yet, still-lol

it's lol for many many reasons. but this is the club who won 9 in a row and totally dominated (as Ailsa points it , by it turns out cheating) the 90s. Quite a downfall and utter humiliation. But sadly they can form a new club and will be voted straight back into the SPL. No european footy for 3 years though iirc.

very interesting what happens the wider spl, a one-club league can't last.

Two club league is scarcely thriving

no doubt celtic would try to get into the EPL if rangers ceased to exist. Dunno if the EPL would do it though. TV money would go down for sure once the contract ran out. Like was said on the other thread, its the other teams who rely on money because of rangers (and celtic)

I dont think the celtic board would like less tv money due to no rangers though. Might be harder to attract top players if the league becomes a real mickey mouse one.

but atm noone cares as its all lol rangers. Will need to wait and see how it all plays out.

but this is the club who won 9 in a row and totally dominated (as Ailsa points it , by it turns out cheating) the 90s

All the while, smirking at the Paupers of Parkhead

aye "for every £1 Celtic spends Rangers will spend £5"

... though tbf to them they've been calling Celtic fans paupers since 1888

i think i can speak for all of english football fans when i say lol

They weren't paupers though, they had a very large biscuit tin!

Did anyone expect Rangers to go into administration before the result of the tax case? I didn't.

Will they still need to pay the tax bill? What happens here?

More to the point, where is Ailsa?

presumably
A) doing a lap of honour round paisley
B) getting ratfaced celebrating
C) checking up on all the facts i speak of to answer them
D) being forced to work
E) still in orbit

Onimo isn't posting in this thread either

onimo has a Scottish football thread for this stuff that wasn't exactly overrun with other content tbh

Two threads dedicated to "Let's all laugh at Rangers/ Let's all laugh at Rangers/ Ha ha ha/ Ha ha ha" is fine by me

fair dos

it just makes it much easier to find in the archives. plus its a thread im sure that will be revived many times.

plus what tom says

At a guess, they've had an advance indication of the decision and are preëmpting things. They'll still owe the £x million, it'll be another claim in the estate for the administrator to deal with. He runs the club, paying off bills in the meantime if he can, with a view to eventual sale with all debts settled. Secured debts get paid in full first (i.e. White himself, I gather) then unsecured in proportion if there's any cash left. Tax bill will be unsecured.

Or they may just have run out of cash, equally possible - I know that petty creditors, way smaller than the lawyers' bills that have had some publicity, are going unpaid.

would be real lols if even if the tax bill wasn't there they would still be in administration.

Ailsa is busy, sorry. And reading the other thread.

The tax bill isn't there. The tribunal hasn't published a verdict yet.

Isn't this a bit premature, given that they haven't actually gone into administration?

but atm noone cares as its all lol rangers.

Um, no? We've been debating the ramifications for a while now.

And I did expect them to go into administration pre-taxcase result. Join the list of creditors plz, HMRC, cheers.

looks like Pompey are going into administration again

xp
its only a formality though. the process has started, it just has to go through legal hoops (lol) n stuff

jim white says craig whyte is taking legal advice over what he can say but he might come on SSN.

A statement from Whyte said "its the first step on the road to ending the uncertainty thats surrounded Rangers for 2-3 years"

"are you fucked?"
"aye, definitely".

That's seemed certain to a lot of us for quite some time.

Lawwell has said again "celtic dont need rangers and neither do most other scottish clubs". I think it's pretty safe to say that Celtic will not vote to allow a nu rangers in the SPL should that come about.

Whilst on this subject we had to ask about administration; its possibility and effect. Mr Whyte reiterated his view that it is a last resort and not Plan A or Plan B. However given the uncertainty surrounding the HMRC verdict it is simply not possible to say for certain what strategy will be adopted until the decision is known. We then asked what happens if the worst case scenario arrives and we do go in to administration. Mr Whyte’s response was that it wouldn’t be pleasant and cuts would have to be made but the club would come out of it in a far healthier state. A 10 point deduction is the current penalty for a club going in to administration and not every season as certain rumour mongers were happy to shout out at every opportunity. The phrase “Business as Usual” was used.

^from minutes of a meeting between Whyte and a supporter's group, last week. I wonder what happened to plans A and B over the weekend...

no doubt he will blame murray

Anyone voting them back in if it comes to that can fuck off, btw. Condoning cheating is NAGL.

I'm happy for them to work their way back up. Might do Scottish football some good in the short term, increased gates in the lower divisions, possibility of TV deal of some sort for the lower leagues, spread some money about a bit.

A statement from Whyte said "its the first step on the road to ending the uncertainty thats surrounded Rangers for 2-3 years"

That hyphen's a mistake, surely?

He needs to learn to pronounce his apostrophes as well, aid whoever was transcribing that.

Anyone voting them back in if it comes to that can fuck off, btw. Condoning cheating is NAGL.

otm
but chairmen rarely do what the fans want.

They will if the fans stop going because the league's a fucking bogey.

Administration isn't the worst-case scenario, liquidation is. 10-point penalties are neither here nor there in this tbh.

Question: if the tax bill comes in at even, say, £30m, and gets added to whatever the other liabilities are; how are they ever going to generate enough to achieve any sort of acceptable settlement?

He needs to learn to pronounce his apostrophes as well, aid whoever was transcribing that.

― ailsa, Monday, February 13, 2012 4:56 PM

oh come off it, no need to make fun of me for not putting apostrophes in

They aren't.

I can't see them trading their way out of this one like Motherwell and Dundee managed.

There's a suspicion that Whyte has put Ibrox and/or Murray Park up as security against the Ticketus loan.

xpost - I thought you'd cut and pasted it from somewhere!

but chairmen rarely do what the fans want.

Like the assumption than fans of other clubs all want to see Rangers suffer. You mean like the Killie fans that were celebrating Rangers winning the league last season?

^ first sentence came out as gobbledygook

well some clubs have some fans who do like Rangers some who like Celtic and some who hate both. That's Scotland.

and clubs like airdrie and killie who have more than others

#mystrangeaddiction ruining the full house

Trends: Glasgow trends · change
#simplythebust
#mystrangeaddiction
#jellyandicecream
Rangers
SPL
Ibrox
Jim White
HMRC
Craig Whyte
SSN

but i know a few killie fans and they all hate rangers and celtic.

jellyandicecream?

Just got a phone call from a mate of mine, said he passed Ibrox on the way home from work and there was an 'ugly crowd' gathered outside. I said they're usually inside and there's even a song about it.

Celtic fans have been singing "jelly and ice cream when Rangers die" for weeks. Some have even made things like this

http://thecelticblog.com/wp-content/uploads/2012/02/tricolour-jelly-150x150.jpg

btw, tv money is relatively shite, and attendances suffer because of it necessitating travelling to the other end of the country for a noon kickoff, or a 6pm on a Wednesday or whatever.

Fuck the TV money, fuck Rangers, fuck cheating, fuck everyone assuming Celtic will break for the border as soon as Rangers go down. Let's give it a go without them, if it happens. Which it should.

xpost Jelly and icecream when Rangers die (also "having a party", "doing the conga", "passing the parcel" and last weekend's new addition "pissing on Ibrox") Reappropriation of a song about Thatcher.

Actually........ When you go into administration, you basically have to accept most bids for players. Transfer window is shut , so unless some russians fancy Rangers players then as long as Rangers come out of it by the transfer window , they wont need to sell anyone.

xps

ahh ok

Fuck the TV money, fuck Rangers, fuck cheating, fuck everyone assuming Celtic will break for the border as soon as Rangers go down. Let's give it a go without them, if it happens. Which it should.

totally with you here.

Stuart McLol

http://www.bbc.co.uk/sport/0/football/32127566

Rangers manage to cut their losses to £111,000 a week.

They're on their way to where they think they belong! I'm scared*!

* I'm not scared, unless you count nightmares induced by prolonged exposure to Lee McCulloch's face

Should Rangers gain promotion to the Premiership this season, they must pay Newcastle United £500,000.

^^^ for the use of one out of five loaned players so far ^^^

Total prize money for finishing 2nd in the Championship: £342,000, of which £90,000 has already been paid before Christmas. Leaving £252,000.

Whatever happened to this? http://www.scotsman.com/sport/football/spfl-lower-divisions/spfl-rangers-are-liable-for-250k-ebt-fine-1-3636492

STV reported at the time that the SPFL would withhold £250,000 prize-money. If that's still the case, promotion leaves them with £2,000 from which to pay half a million to Newcastle for borrowed crocks.

Ahahahaha. Ha.

key issues

https://pbs.twimg.com/media/CBiYlt6WQAE6ejz.jpg

Ah, not allowed to be racist or sectarian any more, so we'll revert to sexism instead. Nice.

http://sport.stv.tv/football/clubs/rangers/315947-rangers-delisted-from-stock-exchange-after-failing-to-find-new-adviser/

Rangers have announced they will delist from the Stock Exchange after failing to appoint a new nominated adviser.

kinda think King wanted this all along

In a statement to the Alternative Investment Market, Rangers say the failure to find a Nomad is down to "the well documented failings in corporate governance and management of those who previously controlled the company."

Uh, the last board cut the losses and secured funding. King said he had a Nomad lined up before the takeover.

"There is no reason why delisting should adversely impact on the value of the Company's shares or on the Company's financial condition or prospects.

can't think why Nomads and auditors not touching your company with a barge pole then you being forced to delist from an exchange would impact your share prices

https://www.ipo.gov.uk/tmownerid/search?domain=1&id=48839&app=1&name=SPORTSDIRECT&postcode=

Trade Marks owned by Sportsdirect.com Retail Limited
Your search found 31 results

the whole kit, caboodle and bear

Dave King is fit and proper. We're all doomed (again)!

yasss

have they said anything about Ashley's move for EGM + cashback?

lol

I've just had to look for the vine of the first goal, worse than any description could make it.

i didn't want to post during match for fear of kiss of death but molto lol

Hopefully, come the end of next season, Hibs and AN Other will have prolonged this most hilarious of exiles.

The board really didn't want to pay that £500k "promotion bonus" to Newcastle, did they?

St Mirren ftw. The post-match punch up was lolz in excelsis. Moshni totally gets what being an Ibrox legned means.

pls summarise for non scots: why are rangers still so shit?

No money, refusal to live within means, Ally McCoist, colossally shite players who fans seem to love despite being even shiter than they were when they loved them first time round, no sense of requirements of being a lower league team.

That maybe doesn't make sense. They are skint and have chosen to spend limited resources on past players who are past for a reason. Mostly because McCoist was a shite manager, and partly because it cheers yr average WATP bear. Now they are a ragbag of crap old average players whose best days are behind them, Newcastle loanees on some weird deals, and kids who are having to fit into whatever gaps are left. Zero team spirit as far as I can see, which I guess would be a huge asset in a scrappy league.

oh god just saw that first glorious goal

Hilarious, innit.

Compare the Vision from two years ago to today's reality.

http://www.bbc.co.uk/sport/0/football/22400088

So:

Whyte, Green, Clark & Whitehouse all arrested as part of an investigation into the takeover. Popcorn at the ready.

Quality entertainment

free craigy whyte

I've no idea of the nature of the charges or how this will pan out, but...
Is it possible for the sale of liquidated assets and/or their transfer from Sevco5088 to Sevco Scotland to be declared illegal?
Is it also therefore possible that King Dave and the Three Bears have spent £15m on fuck all?
Could Craig Whyte still technically own the assets?
Does the liquidator get everything back and sell them again?
Is there enough popcorn to see us through?

Weird how the whole "they have no money" thing goes away when they're winning games.

no plea or declaration

https://bellacaledonia.files.wordpress.com/2012/05/craig-whyte-rangers-fc-glasgow-airport.jpg

http://www.dailyrecord.co.uk/sport/football/football-news/imran-ahmad-wont-co-operate-6442404

Ahmad also slammed his former club, claiming it was “a religion built on centuries of religious bigotry” and said he “received death threats by phone and online”.

He described Rangers fans as “a tribe” and also accused Police Scotland of being “an establishment institution which itself is deeply rooted and immersed in Rangers Football Club’s history for well over 140 years”.

He continued: “I firmly believe Police Scotland have their own agenda and are deeply emotionally connected to Rangers Football Club. In my view Police Scotland have a clear conflict of interest.

And we're the paranoid ones :-)

http://www.bbc.co.uk/news/uk-34720850

also

http://sport.stv.tv/football/clubs/rangers/1331979-rangers-await-panel-verdict-on-outstanding-lord-nimmo-smith-ebt-fine/

This is all very delightful but is anything going to come of it?

Germans have been shocked in recent days by two anti-refugee protests in the eastern state of Saxony.
Dozens of protesters blocked a bus carrying families to a shelter in the town of Clausnitz on Thursday night, hurling abuse and chanting "we are the people".

Errrrrrr...

The gift that keeps on giving

http://i.imgur.com/rYaXPbQ.png

This is what happens when a ventriloquist's dummy takes over the running of a football club.

Craig Whyte has been cleared of fraud but that "doesn't exonerate him from his villainy towards Rangers Football Club", according to Alastair Johnston, the man who was chairman of the Glasgow club at the time of its sale.

In an interview with BBC Scotland, Johnston said: "Candidly he should have been charged with murder, murder of an institution.

"Destruction of people's passion, destruction of the spirit of hundreds of thousands of Rangers' fans. That's what he should have been charged with. Then it would have been a no brainer."

Prosecutors, instead, charged Whyte with fraud relating to his takeover of the club in May 2011 and a jury acquitted him.

He may have lied his way into Ibrox, concealing the true nature of how he was funding the takeover and his entrance signalled the beginning of the financial collapse of Rangers but his behaviour was not considered criminal.

How can it be 'murder*' if Rangers still exist and are not a new club?

*lol

the motherwell-born billionaire justly exonerated.

Seen a few tweets suggesting that it was confirmed under oath during the trial that Rangers lied to get a UEFA licence in 2011. I haven't been following the trial because life's too short and I don't really care, but does anyone know what that's about? Googling getting me nowhere and I'm fucked if I'm wading through a bazillion posts on forums.

I see Alastair Johnson's been appointed to the Sevco board today though.

the resolution 12 patter just makes my eyes glaze over. doubt anything will come of any of this (in terms of punishment from uefa, the sfa).

Prosecutors, instead,

v nice deadpan reporting

Happy <s>Valentine's</s> Administration Day xx

Stupid tags. Where's a mod when you need one

Hello! Comical ineptitude very much in keeping with the thread content imo

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