Rangers Have gone into Administration

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.

When you go into administration, you basically have to accept most bids for players.

So what players do you fancy, Celtic fans?

McGregor gets on great guns with Thommo

hes the only one worth buying tbh.

I can see a lot of people losing jobs here, even amongst the playing staff. If you're an administrator who's just taken over and you have to pay e.g. £7.5k a week to first team player Daniel Cousin, what do you do with e.g. fringe player with "limited ability" Kirk Broadfoot?

btw i was wrong re the precedent being Motherwell. Those cunts got off scot free, it was Gretna who received the automatic 10 point deduction.

as long as Rangers come out of it by the transfer window , they wont need to sell anyone.

How do you propose they trade themselves back out of administration? (I predict they don't, with a firesale at the end of the season and redundancies galore before that to get shot of the wages from the shit guys xpost, what onimo said)

Wouldn't take any of them, tbh.

Excuse me, Scotland international Kirk Broadfoot (xp)

Rangers players I'd have in Celtic's first XI: McGregor (mibbe, big Fraser's been good lately - even preventing actual goals that have gone in) & Bocanegra.

I can see a lot of people losing jobs here, even amongst the playing staff. If you're an administrator who's just taken over and you have to pay e.g. £7.5k a week to first team player Daniel Cousin, what do you do with e.g. fringe player with "limited ability" Kirk Broadfoot?

pick him for scotland then make fun of him

How do you propose they trade themselves back out of administration? (I predict they don't, with a firesale at the end of the season and redundancies galore before that to get shot of the wages from the shit guys xpost, what onimo said)

i don't know how. I can just see the reasoning why they did it now rather than before or later on in the season, it just gives them the maximum amount of time to try to solve it without having a firesale

rangers have released a statement. Something about it's not guaranteed they will go into administration (im paraphrasing here) and its business as usual

they havent decided yet if they will proceed with it

and he's had a go at murray and the previous board

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

obsessed!

I wear my obsessed internet mentalist badge with pride.