Rangers FC lodge papers to go into administration

Madam wrote: »

Or a seat at the top table;)

Think it's fair to say they will be involved heavily

PauloMN wrote: »

I think Murray is definitely the best option for Rangers. As regards Ticketus, the only reason they are involved is to try and get as much of their money back as it possible. Rangers will basically be Ticketus's bitch for the next few years.

To be honest, aside from the small matter of history etc. , liquidation would be the best option for Rangers. Start afresh, no debts etc., and run the club properly wrt tax etc.. But obviously history is important, so Rangers FC will survive but will be fecked for many years to come.

I'd agree Murray is the best option for Rangers, if he has got Ticketus to agree to cut their bill by over half and to invest an additional £10m which will all be paid off in "dribs and drabs" if Rangers qualify for Europe then the guy is a genius.

Joking aside the Murray bid seems to be the only one looking to avoid liquidation so has to be the preferred option for fans, if he can get Whyte to agree transfer of the stadium etc and Ticketus to chase Whyte for their money it would be a huge boost for Rangers.

I still believe liquidation is almost certain unless Rangers win the tax case, I believe it was Whyte's plan all along to go down this road and I think he'll do all he can to hang onto the assets in his control until the the verdict comes in the tax case.

RoryMac wrote: »

I'd agree Murray is the best option for Rangers, if he has got Ticketus to agree to cut their bill by over half and to invest an additional £10m which will all be paid off in "dribs and drabs" if Rangers qualify for Europe then the guy is a genius.

Joking aside the Murray bid seems to be the only one looking to avoid liquidation so has to be the preferred option for fans, if he can get Whyte to agree transfer of the stadium etc and Ticketus to chase Whyte for their money it would be a huge boost for Rangers.

I still believe liquidation is almost certain unless Rangers win the tax case, I believe it was Whyte's plan all along to go down this road and I think he'll do all he can to hang onto the assets in his control until the the verdict comes in the tax case.

So your either a Tax Lawyer or Phil come on which is it

RoryMac wrote: »

A realist!

Or is it wishful thinking

Jelle1880 wrote: »

Well, if Ticketus will go after him for the money then he'll probably want to pack up asap.

Madam: I don't know if I would mind that.
It's clear that they have a right to their money, so if they want to be involved into how the club spends that money it makes perfect sense to me.

If Ticketus go after him surely he'll want as high a price for Ibrox, Murray Park as is possible to pay them off? Or hand them over to Ticketus?

Rangers have apparently applied for a European license for next year

http://sport.stv.tv/football/scottish-premier/rangers/302488-rangers-apply-for-a-uefa-club-licence/

Dempsey wrote: »

Its called going through the motions

Or like when Charles Manson applies for parole.


Hes entitled to do it, but no one in their right mind will ever let him have it.

RoryMac wrote: »

Nothing wishful about my thinking in this mate, I've long said I think it'll have a negative effect on Celtic if it were to happen.

I know mate its called humour something lacking in these threads recently

RiseToTheTop wrote: »

What can happen out of this?

Could Rangers get relegated?

At the moment it's all up in the air depending on who takes over the club and what happens with the various investigations into the clubs dealings over a number of years.

Best case scenario for Rangers as I see it would be new owners with decent financial backing take over, cut a deal with the creditors, look to re-negotiate existing deals both for players and investors, then re-build and start challenging again after a year or so, maybe sooner if they can negotiate new deals with players after this season.

Worst case - Rangers lose the tax case, Whyte refuses to hand over ownership, club liquidated, found guilty of having duel contracts with players, Rangers restart in division 3.

Reality will probably be a bit of both.

Jelle1880 wrote: »

Actually he wants 30m :rolleyes:

Also, what makes you think it's 'his 18m' ?

£18m or £30m either way someone needs to pay for Whyte to release his controlling share of Rangers, given that Whyte's response to the earlier reports of a deal being done was “absolute crap” I think it's safe to say they're still negotiating

Not sure why you're taking issue with me describing it as 'his 18m' For the last year Whyte has been described by everyone as the Rangers owner, he is fronting the group that owns the controlling stake in Rangers, they want money to release that!

RoryMac wrote: »

£18m or £30m either way someone needs to pay for Whyte to release his controlling share of Rangers, given that Whyte's response to the earlier reports of a deal being done was “absolute crap” I think it's safe to say they're still negotiating

Not sure why you're taking issue with me describing it as 'his 18m' For the last year Whyte has been described by everyone as the Rangers owner, he is fronting the group that owns the controlling stake in Rangers, they want money to release that!

Seriously?
You wonder why Rangers supporters would take issue with Whyte making any money out of this?

it should be prison he's heading for, not his ****ing bank manager.

Madam wrote: »

You don't believe he's been ferreting money away somewhere?

Maybe, but certainly not for use by the club as far as i can tell - there's still the guts of ten million missing from the books.

Why are ssn mentioning a 5pm deadline today, and what's the difference between a deadline today and the deadline a couple of weeks ago?