Rangers Have gone into Administration

Yep, Keith Jackson's hard-hitting exclusives are a thing all right.

Happy Valentine's/Jelly-and-ice-cream Day!

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

Two glorious years of lolling. Cheers Rangers/Sevco!

three!

So it is! Time really does fly when you're having fun.

it was down as two in whytes books

https://pbs.twimg.com/media/B9z7RNeIIAEFbKD.jpg

Did they not do that with Vladimir Weiss an' all? Clowns.

photo from Ibrokes today

https://pbs.twimg.com/media/B9z7kK9IYAA7Voc.jpg

https://mobile.twitter.com/GrangeHotels/status/567724002521923584

Jelly and ice cream is off the menu at the Grange Tower Bridge Hotel on 4th March, 2015. #EGM #RangersEGM

That was how the new venue announced its change of heart within hours of the booking being confirmed.

Venue #3 now being sought - presumably "anywhere but Ibrox" is the current selection criterion.

Pretty sure we've all seen this on Twitter or Facebook by now, but anyway: http://www.telegraph.co.uk/sport/football/11354357/live-football-tv-this-week.html

Friday February 27
Falkirk v Rangers (19.45), Scottish Championship, BT Sport 1 VM 547 / 549 HD, 19.30

Our weekly chance to check on what chaotic nonsense has befallen Rangers and what havoc Mike Ashley has managed to wreak north of the border in the last seven days carries us to a Friday night in Falkirk. Inevitably all the coverage, and most of the crowd, will be interested in the UK's most farcical club (settle down fans of Leeds and QPR, you've got nothing on these guys) but spare a thought for Falkirk who used to yo-yo up and down out of this league quite a bit before they suddenly found Hearts, Hibs and Billy Smart's Travelling Circus joining them at the second tier.

Currently fifth, Falkirk have a great chance to claim a famous win here given how abysmally Rangers are playing football, conducting their business, treating their wives, tending to their gardens, behaving on the way home from the pub and everything else besides.

there'll be a few bears cancelling their Telegraph subs after that

James Easdale's away. I remain baffled at how the prospect of Dave King and his mates coming in is still being punted as a good thing.

http://www.bbc.co.uk/sport/0/football/31618423

oh come it's a great thing!

oh come *on*

They should bring back Craigy Whyte and that guy who looked like Alfred Hitchcock.

We need people from failed previous administrations, their experience in what not to do will be invaluable.

It's a good thing for *us* :-)

Chairman Somers jumps before getting pushed at EGM
http://www.bbc.co.uk/sport/0/football/31687147

"At the risk of antagonising my army of critics, I would point out that Rangers managed to pay its bills and avoid going under during my tenure. These critics might not agree with how we achieved this. I look forward to alternative solutions from whoever is running the club in the future."

dignified till the end

Looks like Dave King's it then.

ALL HAIL HAIL TO THE KING!

I've just read his rap sheet off of Wiki to summarise to the other half why I'm not exactly shitting myself (rather, in fact, pissing myself) about this. Only the 322 charges "including fraud, tax evasion and evasion of exchange control regulations, as well as money-laundering and racketeering". What could possibly go wrong?

NOMAD quits. Shares suspended.

Second tranche of £5m loan drawn down which, I think, means Ashley gets to put his two guys on the board after they get voted out at the EGM.

When I was on the board previously, we had £35m of bank debt and potentially £50m of HMRC debt. So £10m is not a catastrophic number.

can't quite recall how that worked out...

Oh lolz galore, he actually said that!

The lolz continue apace. I might actually rupture something if Sally returns.

http://www.bbc.co.uk/sport/0/football/31800809

Stuart McCall in until the end of the season? So says the internets.

Also, Chris Graham, what an utter fud.

Aye, when the 8NP come out in support you're doing it wrong.

Also the 'can we fix it' guy who's been attempting to assemble an army of bluenose tradesmen to repair Ibrox for free has been recommending ethnic cleansing as the solution to Muslims and posting a whole other bunch of horrible ANGRY WHITE AND PROUD shit.

Yeah, saw that last night. What a bunch of charmers all round. When Dave King's not even top of the fud list for one day, there's something badly wrong.

The McCall thing is also hilarious in its own way. They're paying THREE MANAGERS and basically hoping for a new manager bounce to sneak them into the play-offs. Because I've watched them. They're terrible, and no-one is realistically going to make them better.

Anyway, these fuds are all lucky that Scott Brown went out for a pint on his day off and knocked them off the front of the papers.

That'll teach him to go out drinking with Charlie Kennedy.

They're terrible, and no-one is realistically going to make them better.

I don't think it's unrealistic given the squad and budget that they could/should be better than Hibs, Falkirk and QOTS, if not Hearts. Anything resembling a bit of form should secure second and you'd then fancy them with a trailing wind, huge support and a couple of refs behind them to have a chance in the play-offs.

Several of that squad could have been deemed capable a few years back. Pretty sure Hibs, Falkirk and QOTS are operating far more sensibly and don't have a ton of overweight past-it losers and talentless cloggers filling their squad. I think given the budget McCall could have assembled a better squad than Sally did, but that ship has sailed.

Never underestimate a Hibs team's ability to go tits up under pressure.

That new manager bounce effect working out well for Sevco then.

http://howcanoneknow.org/blog/wp-content/uploads/2011/09/Dead-cat-bounce-graph-yahoo-finance.gif

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=

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