Rangers FC lodge papers to go into administration

Jelle1880

You haven't, but it seems like certain people are trying to get a campaign going to get this done.
Despite there being no precedent at all for it.

RoryMac

Jelle1880 wrote: »

You haven't, but it seems like certain people are trying to get a campaign going to get this done.
Despite there being no precedent at all for it.

Yeah and I understand where they're coming from as Rangers have been found to have been cheating the system to gain an advantage but as you said there is no precedent(that I'm aware of)

bobbysands81

Jelle1880 wrote: »

Can't wait for the implosion when they don't take our titles away, no matter the campaign from your side.

Now that's straw clutching at its very best!

Jelle1880

Not really, it'll only add to the paranoia from some Celtic fans.

There's already some of your fellow fans who are frothing at the mouth, all because Alex Salmond (A Hearts fan) said that Scottish football needs Rangers.
They see it as some sort of idiotic proof that Rangers have friends in the highest echelons of Scottish society

edit: Not just fans it seems, even your own club.

Fuhrer

Jelle1880 wrote: »

Not really, it'll only add to the paranoia from some Celtic fans.

There's already some of your fellow fans who are frothing at the mouth, all because Alex Salmond (A Hearts fan) said that Scottish football needs Rangers.
They see it as some sort of idiotic proof that Rangers have friends in the highest echelons of Scottish society

edit: Not just fans it seems, even your own club.

Your pretty smug for somones whos club is collapsing in on itself

Jelle1880

Fuhrer wrote: »

Your pretty smug for somones whos club is collapsing in on itself

Nothing to do with being smug.

And the current problems won't stop me from having a pop at Celtic

Pompey Magnus

KeithAFC wrote: »

Rangers won the last 3 titles in a row. Enjoy the default title.

I challenge you to find when the last season was that Celtic bottled it as epically as Rangers did this season. Last season Celtic slipped up in 2 main events, the ICT game and Samaras' penalty miss but still returned an incredible points tally from the season considering it was with a rookie manager and a very young squad up against one of the greatest Rangers managers in history who had a very experienced and established squad.

The season beforehand Celtic did not bottle it, we were **** for the vast majority of the season and Rangers deservedly won the league as they were the better team.

Strachan's last season Celtic definitely bottled the league by losing a 7 point lead and finishing 4 behind Rangers (less of a swing than what we achieved so far this season and with 11 games still to go), that said we still ended with some silverware by beating Rangers in the final of the League Cup and ended up with all the Scottish allocation for the Champions League after Rangers bottled their qualification games again Kaunas.

The question is how far back do you have to go before you can find a Celtic side bottling it in every single competition they entered so completely as Rangers did this season?

Dumped out of the Champions League by Malmo
Dumped out of the UEFA Cup by Maribor
Dumped out of the Scottish Cup by Dundee Utd
Dumped out of the League Cup by Falkirk
Losing a 9 point lead to trail Celtic by 7 (ignoring the deductions), 16 points and counting.

How many of Rangers' 50 (and 4) titles did Celtic bottle it in a bigger, more spectacular fashion that that?

jack presley

Time to unfollow this thread I think. For the first few days it was very informative and it was a good source of news and opinion on the administration. Now it's just the typical Celtic v Rangers thread that we've seen a hundred times before.

lubo_moravcik

Jelle1880 wrote: »

Not really, it'll only add to the paranoia from some Celtic fans.

There's already some of your fellow fans who are frothing at the mouth, all because Alex Salmond (A Hearts fan) said that Scottish football needs Rangers.
They see it as some sort of idiotic proof that Rangers have friends in the highest echelons of Scottish society

edit: Not just fans it seems, even your own club.

Salmond said that Celtic need rangers, that's why there was opposition to what he said.

Jelle1880

Apparently there will be some more info today.

Dempsey

bobbysands81 wrote: »

In this time that they were broke they bought:

Edu £2.6m
Davis £3m
Laugherty £3.25m
Jelavic £4m

They bought those players with bank money, its because of signing those players, and others that summer, that the bank was running the club

Jelle1880

Dempsey wrote: »

They bought those players with bank money, its because of signing those players, and others that summer, that the bank was running the club

Not entirely true, Jelavic for example was bought when Lloyds were already in charge.

Dempsey

Jelle1880 wrote: »

Not entirely true, Jelavic for example was bought when Lloyds were already in charge.

Still bought with money ye didnt have

Jelle1880

Got proof for that ?
Why would the bank allow 4m to be spent when it wasn't actually there ?

fryup

any wealthy arab out there that would be tempted to take a stake in the gers??

Dempsey

Jelle1880 wrote: »

Got proof for that ?
Why would the bank allow 4m to be spent when it wasn't actually there ?

I do, Rangers are in administration for using money owed to the taxman as working capital. If ye paid your bills you wouldnt have 2 red cents to rub together never mind buying Jelavic.

PauloMN

Jelle1880 wrote: »

Got proof for that ?
Why would the bank allow 4m to be spent when it wasn't actually there ?

:eek:

Are you serious? Money that is not there is spent all the time.

A quick look at our economy would show you that!

bobmalooka

Jelle1880 wrote: »

Got proof for that ?
Why would the bank allow 4m to be spent when it wasn't actually there ?

:eek:

I cant find a facepalm picture funny enough for this

Jelle1880

PauloMN wrote: »

:eek:

Are you serious? Money that is not there is spent all the time.

A quick look at our economy would show you that!

But when a bank is doing something with the sole purpose of earning their money back then they won't spend what's not there.

That's also basic economics.

Fuhrer

Jelle1880 wrote: »

Got proof for that ?
Why would the bank allow 4m to be spent when it wasn't actually there ?

A reckless bank?


Well I never

spiralism

Jelle1880 wrote: »

But when a bank is doing something with the sole purpose of earning their money back then they won't spend what's not there.

That's also basic economics.

But then you'd have to ask, where did the money for that come from, with the source drying up as mysteriously as it appeared?

I'll tell you where it came from - tax evasion.

fionnsda

bobbysands81

fryup wrote: »

any wealthy arab out there that would be tempted to take a stake in the gers??

Huh? Sure the whole club only cost one pound!

_blank_

bobbysands81 wrote: »

Huh? Sure the whole club only cost one pound!

A pound coin was thrown onto the pitch at Ibrox. Police are trying to determine whether it was a missile or a takeover bid.

Dempsey

http://www.dailyrecord.co.uk/2012/02/21/rangers-in-crisis-tax-specialist-raked-in-160k-in-just-eight-months-as-a-director-at-ibrox-86908-23759285/

RANGERS director Phil Betts was paid more than £160,000 in eight months while the club were being dragged into administration.

Betts, a tax specialist, made the equivalent of £5000 a week while on the board.

The cash was paid from the account which held the £24.4million paid to Rangers by London firm Ticketus for the rights to future season ticket sales.

It’s understood one payment to Betts, on September 8 last year, was for £85,000.

And fans will be astonished that a director was receiving such huge amounts of money at a time when Rangers were withholding PAYE and VAT cash from the tax authorities.

http://www.dailymail.co.uk/sport/football/article-2104025/Craig-Whyte-used-24m-season-ticket-money-pay-bank.html

Sportsmail can reveal Whyte convinced Ticketus to advance him £24.4million on the proviso that he would then buy Rangers. That cash was deposited into a client account with his London-based lawyer Collyer Bristow on April 7.

Whyte then showed Murray that balance as evidence he had sufficient funds to give Lloyds Bank the £18m they were owed — one of the key conditions of the sale.

He then bought Murray’s 85.3 per cent shareholding for £1 on May 6, paid off Lloyds and used Rangers employees’ personal tax — which should have been handed over to HMRC — to help run the club. Until it ran out and forced administration eight days ago, that is.

Had Murray refused to sell to him, Whyte would have returned the money to Ticketus — a gamble he was prepared to take.

The latest revelation means that Whyte, who stayed away from the first post-administration game against Kilmarnock on Saturday, effectively bought into the club for nothing before installing himself as the ‘preferred creditor’.

It is widely assumed he will never attend another game at Ibrox and there are now questions marks over that ‘preferred creditor’ status.

Strathclyde Police are examining files pertaining to Whyte’s nine-month tenure, which were handed to them by former chairman Alastair Johnston.
The SFA have also launched a full inquiry into Rangers in a move that was welcomed by manager Ally McCoist at the weekend.

The ruling body claim to have been hampered in their efforts to establish if Whyte fulfils the ‘fit and proper person’ criteria.

Unbelievable! Whyte & Betts are a disgrace but heads should be rolling in the SFA by the end of all this.

PauloMN

Dempsey wrote: »

http://www.dailyrecord.co.uk/2012/02/21/rangers-in-crisis-tax-specialist-raked-in-160k-in-just-eight-months-as-a-director-at-ibrox-86908-23759285/



http://www.dailymail.co.uk/sport/football/article-2104025/Craig-Whyte-used-24m-season-ticket-money-pay-bank.html



Unbelievable! Whyte & Betts are a disgrace but heads should be rolling in the SFA by the end of all this.

Lol, so they finally figured out where the £24.4m went then, f**king joke.

So he's paid off £18m of bank debts with money that was not actually his. What about the other £6.4m? Where has that gone?

This whole thing gets more and more twisted as the days pass. I was thinking Rangers might come out of administration at some stage, now I'm not so sure tbh.

cruiserweight

Dempsey wrote: »

Unbelievable! Whyte & Betts are a disgrace but heads should be rolling in the SFA by the end of all this.

SFA are launching an enquiry, wonder what will come of that http://www.bbc.co.uk/sport/0/football/17110781

Dempsey

PauloMN wrote: »

Lol, so they finally figured out where the £24.4m went then, f**king joke.

So he's paid off £18m of bank debts with money that was not actually his. What about the other £6.4m? Where has that gone?

This whole thing gets more and more twisted as the days pass. I was thinking Rangers might come out of administration at some stage, now I'm not so sure tbh.

Considering that alot of their revenue streams are outsourced at this stage, I'd reckon it was spent on running costs.

Whyte will get another ban out of this imo. If the club comes out of administration it will be because it gets sold to Paul Murray but his backers are probably getting cold feet at this stage, especially if they have to give Whyte a golden handshake to see the back of him.

cruiserweight wrote: »

SFA are launching an enquiry, wonder what will come of that http://www.bbc.co.uk/sport/0/football/17110781

Too little too late tbh, the SFA have failed Scottish Football once again.

Jelle1880

spiralism wrote: »

But then you'd have to ask, where did the money for that come from, with the source drying up as mysteriously as it appeared?

I'll tell you where it came from - tax evasion.

Ah, so the bank indulged in tax evasion now ?

Wow, we truly must be the Establishment in that case.

edit: I don't think they'll have to pay Whyte anything Dempsey, he'll be locked up before that happens I'd assume.

Lawrence1895

Jelle1880 wrote: »

Ah, so the bank indulged in tax evasion now ?

Wow, we truly must be the Establishment in that case.

edit: I don't think they'll have to pay Whyte anything Dempsey, he'll be locked up before that happens I'd assume.

Heard, he is hiding in Monaco. So the French authorities have to hand him over, which might take ages