Rangers FC On Field Gossip & Rumour Thread 2017 Mod Note in OP(Updated 14/08)

smackbunnybaby

THE VERS ARE COMING TO GET YOU!

Dempsey

For the avoidance of doubt, that isnt my account on twitter in case anyone was wondering! :pac:

Coillte_Bhoy

I am stunned, gob smacked, bewildered.....nah, not really

http://www.telegraph.co.uk/sport/football/scottish-football/10631856/Scottish-football-abandons-plans-to-automatically-relegate-clubs-in-administration.html

The Scottish Professional Football League has abandoned plans to punish clubs who enter administration with automatic demotion.

When the proposal was put forward by the president of a lower league club at an SPFL board meeting last October there was initial enthusiasm, with the feeling that such a severe sanction would act as a deterrent for any financially troubled club who viewed administration as a way to wipe out debts and remove employees from their wage bill.

However, following several months of negotiations with all 42 member clubs, it has been decided not to place that punishment on the statute books.

While support remained for the move, the majority opinion was that there were issues attached to it which could not be immediately resolved.

“There was a wide consultation process and we spent time looking at it but, ultimately, the prevailing opinion was that there were complications arising from it which raised other questions,” said a Hampden source.

“For example, if a member goes into administration while playing in League Two then where would we put them?
“Also, if a club wins promotion and then suffers an insolvency event, do we simply refuse to promote them or do we relegate them from the division which they have just been playing in?

“Because of that it was decided to persevere with the current system, which sees clubs handed a 15-point penalty for entering administration and 25 points if it happens again within a five-year period.”
It has also been agreed that, in future, the SPFL Board will have the sole responsibility for adjudication regarding clubs who might face liquidation.
“It will be down to the board to determine any conditions for a transfer of membership if a club is liquidated and attempts to go down the newco route,” said the source.

“That may include any new owners posting a bond for security.”
Hearts, bottom of the Premiership, are optimistic that they will shortly be in a position to exit administration.
Dave King, a former director of Rangers — who suffered both administration and liquidation in 2012 — claimed on Monday that the League One leaders will run out of money next month.

Coillte_Bhoy

Dempsey wrote: »

For the avoidance of doubt, that isnt my account on twitter in case anyone was wondering! :pac:

No bother Andrew, i believe you anyway

Dempsey

Coillte_Bhoy wrote: »

I am stunned, gob smacked, bewildered.....nah, not really

http://www.telegraph.co.uk/sport/football/scottish-football/10631856/Scottish-football-abandons-plans-to-automatically-relegate-clubs-in-administration.html

Cant have rule like that coming in when RIFC is about to hit the wall again.

Hearts are also likely to "double dip" into administration as they'll likely drop a division as they get away from their current owners.

Thats 2 big clubs that "cant" be allowed to backwards more than they have already

weldoninhio

Looking like trouble at Ibrox again, taking a loan of £1.5m to pay this months wages.

Dempsey

weldoninhio wrote: »

Looking like trouble at Ibrox again, taking a loan of £1.5m to pay this months wages.

Anyone protesting at Ibroke yet? :rolleyes:

weldoninhio

Dempsey wrote: »

Anyone protesting at Ibroke yet? :rolleyes:

You mean actually getting up off their arses and doing something to stop the same thing happening to this club as the last one?? Are you mad??

Its just a little bit of history repeating.

mr bungle.

How is it that rangers are in bother financially again so soon again!!the wages can't be as much now as the wages in SPL.i don't get it

weldoninhio

mr bungle. wrote: »

How is it that rangers are in bother financially again so soon again!!the wages can't be as much now as the wages in SPL.i don't get it

2nd highest wage bill in Scotland, paying the manager £850,000k in Division 3, and its seriously looking like the lucrative hookup with the Dallas Cowboys has fallen through :pac::pac::D:D

LiamoSail

mr bungle. wrote: »

How is it that rangers are in bother financially again so soon again!!the wages can't be as much now as the wages in SPL.i don't get it

Between the directors and manager, they've probably taken more cash out of the club then their peers at EPL clubs.

It was a set up from start to finish. Take them for what they can, then bail with the assets. There's no two ways about it IMO, they are being intentionally pillaged and the end result will be the spivs making away with the ground and training ground

mr bungle.

Wow,i was aware that they were in bother with directors and board members and what not,but i thought that was sorted now and by the time they got back to the PL everything would be rosey.didn't realize that they are that fooked.

weldoninhio

mr bungle. wrote: »

Wow,i was aware that they were in bother with directors and board members and what not,but i thought that was sorted now and by the time they got back to the PL everything would be rosey.didn't realize that they are that fooked.

With this loan, the final pieces fall into place. Admin, and Laxey and the Easdales are the creditors. Ibrox and Murray park in a sale and leaseback, rinse, repeat.

LiamoSail

weldoninhio wrote: »

With this loan, the final pieces fall into place. Admin, and Laxey and the Easdales are the creditors. Ibrox and Murray park in a sale and leaseback, rinse, repeat.

I don't think the loan is necessary for the sale and leaseback to occur. I think it's main purpose is to tie them over until season ticket renewals, putting more in the coffers for the spivs to pillage.

That's just my own take on things. How do the bears here see this panning out? Or anyone who keeps more abreast of things then myself?

mr bungle.

Not sure if i had my head in the sand lately but i haven't noticed much of an uproar from rangers supporters,as in large scale protests outside ibrox,back page headlines stuff,you would imagine that would be the case when the club is(from what im learning here) being from the inside out!

Dempsey

weldoninhio wrote: »

With this loan, the final pieces fall into place. Admin, and Laxey and the Easdales are the creditors. Ibrox and Murray park in a sale and leaseback, rinse, repeat.

What about that hedgefund thats invested heavily in this penny stock company. Speculators have wasted a couple of pensions on this one!

Depends on what type of creditors they become. If the loan is given on condition that they are preferential creditors then we'll know that Laxey and the Easdales care more about their money than what happens to RIFC and that their confidence in RIFC to remain solvent is not very high at all

LiamoSail

Dempsey wrote: »

What about that hedgefund thats invested heavily in this penny stock company. Speculators have wasted a couple of pensions on this one!

They invested in RIFC, company that own the club/company. Id be of the opinion that should the club go bust, it will be RIFC that get the assets, and then lease them back to whoever takes the club. The club owe RIFC about £20m, so I don't think those shares are worthless. Certainly, they were good value at a penny a share

Dempsey

http://www.scotsman.com/business/media-tech-leisure/hedge-fund-halves-stake-in-rangers-1-3283702

After the scam pulled off over the last 18 months, I wouldnt rule anything out! Similar scenario happened with other bankrupt clubs too.

A Guernsey-based hedge fund that built up a stake of more than 3 per cent in Rangers International Football Club earlier this month has sold more than half of its holding.

Damille Investments, which bought 2 million shares in the Glasgow club on 15 January, has now sold more than 1.1 million of its shares.

The sale took place on Friday and Rangers was notified about the transaction yesterday.

Damille, which also has stakes in oil explorer Northern Petroleum and gold miner Kolar, now owns 1.32 per cent of Rangers.

At least one hedge fund saw sense. Bought 2 million shares, sold 1.1 million 2 weeks later! Did they get a look at the books or something??

Dempsey

http://m.bbc.com/sport/football/26333152

Lawyers for Rangers' former commercial director, Imran Ahmad, will on Tuesday ask a judge to arrest funds of £750,000 as their legal battle continues.

Ahmad's lawyers will argue that the Rangers Football Club Ltd is trading insolvently and would be unable to pay if he won his claim against them.

Should just call it the Martin Bain technique

Jelle1880

mr bungle. wrote: »

Not sure if i had my head in the sand lately but i haven't noticed much of an uproar from rangers supporters,as in large scale protests outside ibrox,back page headlines stuff,you would imagine that would be the case when the club is(from what im learning here) being from the inside out!

Protests don't make much difference, these bastards have their claws in the club and will only move if they get paid off.
Unless you're talking about protests like in Eastern Europe :pac:

I hope a season ticket boycott happens (this is the money the need), but too many are of the mindset 'I've been going for decades already, am not giving up ma seat'.

The Buy Rangers initiative is aimed at buying up as much shares as possible and it seems they are working hard at this, but if a certain amount of shares constantly gets divided by the same people it remains to be seen how successful that scheme will be.
The main problem seems to be that online most seem to be clued up about what kind of people run the club, but the vast majority of fans only read what's in the newspapers and probably don't really know.

Madam

Jelle1880 wrote: »

I hope a season ticket boycott happens (this is the money the need), but too many are of the mindset 'I've been going for decades already, am not giving up ma seat'.QUOTE]

You have no sympathy for these fans then Jelle?

Jelle1880

I can understand them, but the board is abusing their loyalty to the club to bleed more money out of it.
And if they keep pouring money into their pockets nothing will change, so in the long run their loyalty harms the club more.

I had a look on twitter and the amount of people that abuse the Sons of Struth (a group of fans who want the board out) is staggering, ranging from 'It's not Wallace's fault that the money is gone' to claims that SoS are comprised of people only in it for the attention.

mr bungle.

So are there any implications on rangers regarding promotion to the SPL because of this situation?

Jelle1880

Not really, but a situation like this is not sustainable in the long run.

Broxi_Bear_Eire

@STVGrant: Ahmad v The Rangers FC Ltd will be heard in April. Lord Tyre says no evidence to suggest any debt arising from that wouldn't be satisfied.


It really gas become an utter clusterf*ck Ahmad and the Easdales are joined at the hip.

Dempsey

Jelle1880 wrote: »

Protests don't make much difference, these bastards have their claws in the club and will only move if they get paid off.
Unless you're talking about protests like in Eastern Europe :pac:

Ye need to protest that if things arent cleared up/changes made that ye are going to stop going to matches and boycott the season ticket renewals. Ye havent done that & by the sounds of it, not going to do this so yea, nothing will change whilst ye go to matches and buy cokes & pies at half time!

The gas thing is that ye were championing yer match attendances last season! :pac:

Jelle1880

Dempsey wrote: »

Ye need to protest that if things arent cleared up/changes made that ye are going to stop going to matches and boycott the season ticket renewals. Ye havent done that & by the sounds of it, not going to do this so yea, nothing will change whilst ye go to matches and buy cokes & pies at half time!

The gas thing is that ye were championing yer match attendances last season! :pac:

Plenty of fans have already said that they will not put another penny in the club, unfortunately those that have the real power to bring such a message across (the fan groups like the RST) would rather have another talk with Wallace instead of resorting to tougher measures.

Dempsey

Jelle1880 wrote: »

Plenty of fans have already said that they will not put another penny in the club, unfortunately those that have the real power to bring such a message across (the fan groups like the RST) would rather have another talk with Wallace instead of resorting to tougher measures.

Are the likes of season ticket holders really waiting for the likes of the RST to make these sort of decisions for them about their club?

I dont see what more dialogue is going to do. Wallace will say that he needs season ticket money & attendances to help cash flow and increase the time he has to work in. He's not going to say anything else to fans, he's certainly not going to encourage a boycott. All those directors will collect bonuses at the end of the season because the all important metric of getting promoted will be satisfied.

Ye have bargaining chips, its a case of whether ye have the resolve to use them effectively.

Jelle1880

Dempsey wrote: »

Are the likes of season ticket holders really waiting for the likes of the RST to make these sort of decisions for them about their club?

I dont see what more dialogue is going to do. Wallace will say that he needs season ticket money & attendances to help cash flow and increase the time he has to work in. He's not going to say anything else to fans, he's certainly not going to encourage a boycott. All those directors will collect bonuses at the end of the season because the all important metric of getting promoted will be satisfied.

Ye have bargaining chips, its a case of whether ye have the resolve to use them effectively.

No, there are plenty who have already made the decision not to renew, but the fan groups have thousands of members, a lot of them who do not read the message boards or whatever to stay clued up.

If a message comes out to boycott season tickets more people might be convinced.

And I fully agree, starving them out is pretty much the only choice, as hard and dangerous for the club as it may be. But plenty of people are afraid it may bring about another administration.

Dempsey

Fans are considering their options in how to get the club running on an even keel and Ally McCoi$t comes out with this gem.

Rangers boss Ally McCoist fears his squad won't be good enough to win next season's Championship. (Various)

You are looking at a manager that will never ever be able to get more from a team than the sum of its parts.