Rangers FC lodge papers to go into administration

Whats going to happen with Rangers now? its not looking good for them at all, the investors are playin the "hokey kokey" one minute they are in the next they are out. It seems like they're all doing "walking away", i can't see anything other than liquidation, there are too many obstacles for an investor, like:

- how much is the wee and big tax case going to cost
- What punishments are going to be dished out as follows:
newco into Division3? or handicapped with 10 points minimum for x number of seasons to come?
-no european licence so no euro adventures or money for 2/3 years
-how much will Ticketus need to get to approve an investor?
-agent Whyte will want a good wedge to release his shares and provide the assets for a newco

The fans talk about owning the club but 150,000 fans at £1,000 each only covers whats owed £135m+ thats alot for the average fan and not too many sugar daddies coming out of the woodwork.

Fair play to keith for finally agreeing to pay the bet and placing aside his personal beliefs (however wrong they may be) .

PauloMN wrote: »

Paranoid a bit? Who in the SPL want you gone, and why?

Are you suggesting things would be different if it were any other club in the same situation? If the SPL meet Millers demands it would be a disgrace, and I expect it would make the whole league setup untenable.

Why would it make the league setup untenable exactly ??

Eirebear wrote: »

Bill Miller & The Blue Knights bids are still on the table.

According to SSN reports.
(Filtered through another forum)
Miller has the highest bid, administrators will make an announcement on Monday but if nothing changes it is expected that Miller's bid will be accepted.

Problem for me with Miller's bid is that it is down to the SPL's acceptance of his "incubator company" idea.
I doubt they'll stand for it tbh - too many people within the SPL want us gone.

Miller wants to transfer the assets of Rangers into a new company and play on using that company, there are rules and punishments to doing that. Then if you do want miller suggests in his statement and then transfer rangers plc into this other company, I dont see how it can lay claim to rangers history.

You'd really want to transfer all these back into Rangers plc when the debt is sorted out, again rules and punishments for transferring assets to another company to have a chance at claiming rangers titles but thats just a merger isnt it? Like what ICT did.

Dempsey wrote: »

Miller wants to transfer the assets of Rangers into a new company and play on using that company, there are rules and punishments to doing that. Then if you do want miller suggests in his statement and then transfer rangers plc into this other company, I dont see how it can lay claim to rangers history.

You'd reallu want to transfer all these back into Rangers plc when the debt is sorted out, again rules and punishments for transferring assets to another company to have a chance at claiming rangers titles but thats just a merger isnt it? Like what ICT did.

How'd you figure that?
Both Rangers FC and Rangers PLC will still exist, no one will have filed for liquidation and no one will have went out of business.

As i said before, i don't know enough about it - but let's face it.
A) If it wasn't legitimate business practice then it wouldnt be getting discussed
Any suggestion that saves us is going to get you lot up in arms

The issue is that kilmarnock £10m+, Aberdeen £15m+, Hearts £35m+ , Dundee Utd £6m, Hibs £4m+, Motherwell just a few years out of administration have debt mountains and really the model is unsustainable in the long term. What spl needs is new thinking the euro co-efficient has plummeted and so no longer celtic & rangers in group stages of champion league and the rest of scottish football getting the scraps so to speak. Rangers through financial doping lead the way and the rest of the teams followed suit in spending well beyond their means as seen above. There needs to be a period of consolidation where clubs are forced to reduce their debt.

Now the model is broken I can see the day rapidly approaching where summer football will be the norm in Scotland even on an experimental basis for say 3 years.

From both a revenue perspective and also to raise the coefficient where Scottish teams are at the top of their game and catching well known opponents from better leagues cold as they would not have started their leagues.

Summer football makes economic sense its worked very well here,
bigger crowds, and european football where shamrock rovers qualified for europa league,(they made £1m+ in profit) where only celtic got there on appeal, imagine if 3 or 4teams could make the europa league group stages! More crowds, more teams qualifying for europa and maybe champions league group stages, (i still cringe when i think of the likes of Gretna, Raith Rovers getting nowhere and the coefficient tumbling to where it is today in my opinion an all time low). With summer football you are giving scottish teams the best chance to qualify instead of like Rangers being knocked out of both competitions and the financial ramifications of this.

Therefore more money overall and also scottish football would have a
somewhat monopoly in the uk during the summer with the premiership not on, so from a media, sky, gambling, publicity, crowd and maybe sponsorship perspective it would be very popular. Who wants to watch football in December, rain snow freezing cold, Christmas shopping etc, etc common sense would at least try it and if it doesn't work over 3 seasons then change it. If Celtic, Rangers, Hearts, Dundee utd, Motherwell were 4/5 months into the season then imagine the impact on crowds and qualification money that would be made. With strict budgets imposed on turnover and debt repayments. What other way is there except for every club to liquidate and become a "newco" what will that do to advertising?


Also if the league finishes in Nov there may be an option for some of the players to transfer to the Premiership, etc for short term contracts with a view to permanent sales, Therefore even more revenue for players and their scottish clubs in what would be the close season (like Landon Donovan, Robbie Keane etc)

Imagine an celtic v rangers game on a sat/sun in the summer being the main sporting event the viewing figures for sky would be massive as every fan in the UK/Ire would be getting their football kick so to speak.

shankespony wrote: »

The issue is that kilmarnock £10m+, Aberdeen £15m+, Hearts £35m+ , Dundee Utd £6m, Hibs £4m+, Motherwell just a few years out of administration have debt mountains and really the model is unsustainable in the long term. What spl needs is new thinking the euro co-efficient has plummeted and so no longer celtic & rangers in group stages of champion league and the rest of scottish football getting the scraps so to speak. Rangers through financial doping lead the way and the rest of the teams followed suit in spending well beyond their means as seen above. There needs to be a period of consolidation where clubs are forced to reduce their debt.

Now the model is broken I can see the day rapidly approaching where summer football will be the norm in Scotland even on an experimental basis for say 3 years.

So rangers made the other teams go into debt?

I hate the thought of summer football tbh.

if you read it!!! it clearly says rangers led the way and others followed suit