Rangers Have gone into Administration

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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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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