Rangers FC lodge papers to go into administration

bobbysands81 wrote: »

KeithAFC wrote: »

Right I will pay it. I need to get it sorted out next week with my card as it isn't debit. I got the website favoured. So I will do it.

I want proof you paid it.

PauloMN wrote: »

Well the only reasonable suggestion would be that he pays online, and forwards the receipt by PM to Bobby. He made the bet with Bobby, I think he should show Bobby the receipt. Or give Bobby €50 cash and let him make the donation.

100% agree. However, I don't expect him to hand € over to me or forward me on anything with name etc on it. Therefore it would be great if BBE (or one of his sons) was an intermediate that Keith could forward proof of payment to? If they say it's been paid then I'm happy.

Brian Kennedy and the Blue Knights are working together to scupper controversial American Bill Miller's bid for Rangers - and have been given until Monday to come up with a rescue package.
Increasingly desperate administrators Duff & Phelps last night warned that, without an alternative on the table, they will have no choice but to name Miller as preferred bidder on Monday.

His convoluted plans to duck £100million-plus of debt would put Rangers on a direct collision course with Scotland's football authorities as they grapple with new rules on financial fair play.
But Duff & Phelps representative Paul Clark confirmed that the club faces running out of money in a matter of weeks, making an imminent sale vital if liquidation is to be avoided.
Insisting they will proceed with Miller 'if no further and better bid comes along', Clark - who admitted that completing a deal by the end of the season now seems unlikely - also said that talks with former Rangers director Paul Murray's Blue Knights consortium would continue over the weekend.
And the chances of the home-grown bid trumping the transatlantic takeover appeared to have strengthened with the late conversion of rugby magnate Kennedy.
He told Sportsmail: 'I have been speaking extensively with Paul (Murray) to try to find a solution.'
Asked how that might work, the Sale Sharks owner - who has always insisted he wouldn't work in a consortium - added: 'We are working at that.'
Sportsmail understands that Kennedy has been in talks with Ticketus and the London-based firm's involvement would be an important lever in persuading disgraced former owner Craig Whyte to part with his shareholding.
Clark warned: 'Without season-ticket sales, the money would run out towards the end of May or early June. From that point of view, we really do need to proceed with one of these bids.

'Bill Miller had said: "Put up or shut up" and we really are in the position that, if no further and better bid comes along, we will proceed with him next week.
'He has made it clear that he wishes to proceed on Monday. If that was the only acceptable bid, then we would prepared to proceed with him.
'We will be able to make a decision and proceed, one way or another, on Monday.
'And I can tell you that earlier today we had continued dialogue with Paul Murray and advisors of the Blue Knights consortium, and the suggestion is that these discussions will continue over the weekend.
'Having placed themselves in a good position, the Blue Knights consortium's withdrawal of their financial commitment to pay an exclusivity fee last week was a real setback for us.
'We have been in contact with the consortium earlier today to confirm they are considering their position as to whether they will be able to make an unconditional bid for the club - including an acceptable exclusivity arrangement. We have not received their unconditional bid.
'We are quite happy to continue discussions with Paul Murray and his colleagues over the weekend.
'I have spoken to Mr Murray on two or three occasions today and have no problem with further discussions.
'If he is still interested to talk, we are interested to talk, but it now comes down to Monday. It has gone on long enough and we have to really bring it to a head once and for all.
'I think it would be foolish for me to give a precise time on Monday. I would hope that during the day we will have in place an exclusivity arrangement with one of the parties, which is what we have sought for the last few weeks. But we have had no bid, so we have not been able to proceed.'
Administrators admit that Miller's £11.2m plan to effectively split Rangers in two, keeping the good and shifting debt on to a separate company, is effectively a 'newco' by another name.
The American claims to have been involved in 'a series of talks' with both the SPL and SFA, although the latter deny having any discussions with him.
Sportsmail understands the SPL board would study any final Miller proposal in detail.
But insiders warn that, if they judge his plan to be a dodge designed to avoid exiting administration through a Company Voluntary Arrangement, Rangers would be subject to any penalties due to be debated by the league on April 30. That would lead Miller to walk away, according to the Tennessee Tow Truck King's own statement, although Clark - who said that the chances of reaching a CVA remain 'in the balance' - insisted: 'Let's make no mistake, this would be an asset purchase- if the Miller bid was proceeded with.'


Read more: http://www.dailymail.co.uk/sport/football/article-2132974/Brian-Kennedy-Blue-Knights-hijack-Bill-Millers-takeover-Rangers.html#ixzz1sfiQnsST

Broxi_Bear_Eire wrote: »

They may be valued at that Bobby but as Murray park is a leasehold property and one of the terms of the lease is it has to be used for something similar so who in Scotland is going to pay the big bucks for it also as frontage of Ibrox is listed and can't be knocked down or changed plus getting planning permission for building anything in that area and all round that area is a tip. If you then take in nobody is buying land due to the recession you can put any valuation you like on it. if you can do nothing with it its worth nothing

Broxi_Bear_Eire wrote: »

They have to put what is seen as a market value on them it doesn't mean they would sell for anywhere near that or or even sell. As for Rangers fans not questioning them just because I or others don't post on here what we feel doesn't mean we aren't questioning them I can assure you I and many other bears are continually emailing them to show our disgust and the time they are taking

bobmalooka wrote: »

Broxi_Bear_Eire wrote: »

They have to put what is seen as a market value on them it doesn't mean they would sell for anywhere near that or or even sell. As for Rangers fans not questioning them just because I or others don't post on here what we feel doesn't mean we aren't questioning them I can assure you I and many other bears are continually emailing them to show our disgust and the time they are taking

Forget about apartment blocks, once Rangers are liquidated there will be a huge scramble to get control of Ibrokes because Rangers fans will go and support whatever team are playing there.

This new club will be debt free, own all its revenue streams and have instant access to a huge customer base (you and the rest of rangers fans).

This new club will be highly saught after because it will make money and this is why ibrox is so valuable.

Jelle1880 wrote: »

So if Miller himself (the only one with a bid in at that point) asks for a delay, they should just tell him to **** off ?

Paully D wrote: »

Rangers banned from signing players for 12 months.

Craig Whyte gets a lifetime ban.