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Rangers FC lodge papers to go into administration

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Comments

  • #1832
    Jelle1880
    Registered Users, Registered Users 2 Posts: 10,230 ✭✭✭✭Jelle1880


    Why would we not pay that fine ?


  • #1833
    ColeTrain
    Closed Accounts Posts: 4,681 ✭✭✭ColeTrain


    Jelle1880 wrote: »
    Why would we not pay that fine ?

    Because you're broke :confused:


  • #1834
    Pompey Magnus
    Registered Users, Registered Users 2 Posts: 5,406 ✭✭✭Pompey Magnus


    Jelle1880 wrote: »
    Why would we not pay that fine ?

    Because it will be added to the enormous mountain of debt that Rangers owe and either go into a CVA in which case only a tiny fraction of it will be paid or else it will vanish with the rest of the debt when Rangers are liquidated.


  • #1835
    Jelle1880
    Registered Users, Registered Users 2 Posts: 10,230 ✭✭✭✭Jelle1880


    And not paying it will only see it increase.

    If the appeal fails it will be paid.


  • #1836
    Rafloution
    Registered Users, Registered Users 2 Posts: 666 ✭✭✭Rafloution


    is there a head in sand smiley?


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  • #1837
    Dempsey
    Registered Users, Registered Users 2 Posts: 20,529 ✭✭✭✭Dempsey


    Craig Whyte says he's not going to pay his fine but Rangers dont have a choice but to pay theirs since they cant move to the south of france! :pac:

    Another creditor to Rangers long list. Do you think the SFA will agree to a CVA? :P


  • #1838
    Jelle1880
    Registered Users, Registered Users 2 Posts: 10,230 ✭✭✭✭Jelle1880


    Rafloution wrote: »
    is there a head in sand smiley?

    Oh, do explain :rolleyes:


  • #1839
    KeithAFC
    Closed Accounts Posts: 10,239 ✭✭✭✭KeithAFC


    Pompey Magnus wrote: »
    At the end of the day is this really a punishment worth worrying about? One way or another we all know Rangers won't be paying that fine and who were they going to sign anyway with no money?
    Exactly. Who cares. We are heading for either ruin or division 3 at best.


  • #1840
    lubo_moravcik
    Registered Users, Registered Users 2 Posts: 1,623 ✭✭✭lubo_moravcik


    KeithAFC wrote: »
    Pompey Magnus wrote: »
    At the end of the day is this really a punishment worth worrying about? One way or another we all know Rangers won't be paying that fine and who were they going to sign anyway with no money?
    Exactly. Who cares. We are heading for either ruin or division 3 at best.
    lol


  • #1841
    KeithAFC
    Closed Accounts Posts: 10,239 ✭✭✭✭KeithAFC


    lubo_moravcik wrote: »
    lol
    lol it is true though ain't it. The club is in a right awful mess.


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  • #1842
    ColeTrain
    Closed Accounts Posts: 4,681 ✭✭✭ColeTrain


    Liquidation seems like the only real option now.

    If the club somehow gets a buyer, they won't have any players when most of the squad leave at the end of the season. The would only be able to sign U-18's. At least with liquidation they could start afresh without any financial penalties and could even sign some players for their new club.

    This looks like the end of Rangers as we know them.

    Explained in this article.
    CQN


    Posted on 23 April, 2012 by Paul67


    Huge result from the SFA Judicial Panel Tribunal tonight, absolutely enormous, perhaps the biggest decision ever made in Scottish football history. Rangers have been banned from signing players over 18-years-old, for a period of 12 months and fined £160k.

    For months Scottish football has lived under some huge moral questions; would the combined forces of TV contracts, the Bank of Scotland and the formidable Rangers lobby combine to subvert the meritocratic spirit of sport and see rules written to see Rangers kept afloat.

    The SFA Judicial Panel Tribunal made these questions moot. In the event that Rangers fail to agree a CVA with creditors and emerge as a Newco, and IF that Newco is allowed to inherit the SPL share given up by Rangers, the Newco will be unable to sign any players of 18 years or older.

    Although the SPL and SFA are able to transfer Rangers league share to a Newco, player employment contracts are with the current company, so players would not be contracted to any new company. An SPL Newco would need to compete with 16 and 17-year-olds.

    Conversely, there is nothing to stop a new football club, Rangers United, for example, sharing Firhill and applying to the Scottish Football League, from signing players of any age. A new football club like this would inherit no financial or football punishment from Rangers FC. Anyone aspiring to fill the gap left by Rangers would do well to navigate their plans in this direction.

    In fact, scrub that first sentence, this is the biggest decision ever made in Scottish football history, no perhaps about it.


  • #1843
    Jelle1880
    Registered Users, Registered Users 2 Posts: 10,230 ✭✭✭✭Jelle1880


    The formidable Rangers lobby ?

    Does he mean the so-called Establishment ?

    I really couldn't care what a Celtic website thinks about this, we all know it anyway.


  • #1844
    KeithAFC
    Closed Accounts Posts: 10,239 ✭✭✭✭KeithAFC


    The Establishment will save us any day now..


  • #1845
    ColeTrain
    Closed Accounts Posts: 4,681 ✭✭✭ColeTrain


    Jelle1880 wrote: »
    The formidable Rangers lobby ?

    Does he mean the so-called Establishment ?

    I really couldn't care what a Celtic website thinks about this, we all know it anyway.

    Do you disagree with what the article says?
    The facts are there.


  • #1846
    Dempsey
    Registered Users, Registered Users 2 Posts: 20,529 ✭✭✭✭Dempsey


    Jelle1880 wrote: »
    The formidable Rangers lobby ?

    Does he mean the Establishment ?

    I really couldn't care what a Celtic website thinks about this, we all know it anyway.

    Interesting that a newco will inherit the transfer embargo, surely you'll take onboard the information that is provided regardless of the source?


  • #1847
    Lonesome Boatman
    Registered Users, Registered Users 2 Posts: 439 ✭✭Lonesome Boatman


    521747_370104299697875_100000949256595_979013_234960469_n.jpg


  • #1848
    Jelle1880
    Registered Users, Registered Users 2 Posts: 10,230 ✭✭✭✭Jelle1880


    Is that what I said then ?

    By all means, let the world know what Celtic fans think about all of this.
    But allow me to not give a ****, we all know where you and your fellow fans are coming from.

    Same with that pic above here, keep that stuff in your own topic.


  • #1849
    KeithAFC
    Closed Accounts Posts: 10,239 ✭✭✭✭KeithAFC


    Lonesome Boatman wrote: »
    521747_370104299697875_100000949256595_979013_234960469_n.jpg
    Agree. Move to England.


  • #1850
    ColeTrain
    Closed Accounts Posts: 4,681 ✭✭✭ColeTrain


    Jelle1880 wrote: »
    Is that what I said then ?

    By all means, let the world know what Celtic fans think about all of this.
    But allow me to not give a ****, we all know where you and your fellow fans are coming from.

    Same with that pic above here, keep that stuff in your own topic.

    You are indeed burying your head in the sand. It doesn't matter that the article was written by a Celtic fan, as I said the facts are there.

    Do you think liquidation is the only viable option? It certainly looks like it tonight.


  • #1851
    Dempsey
    Registered Users, Registered Users 2 Posts: 20,529 ✭✭✭✭Dempsey


    KeithAFC wrote: »
    Agree. Move to England.

    That will be met with hostility from the English FA


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  • #1852
    KeithAFC
    Closed Accounts Posts: 10,239 ✭✭✭✭KeithAFC


    Celtic can enjoy the SPL to themselves though. Shame as it was a quality rivalry while it lasted.


  • #1853
    Lonesome Boatman
    Registered Users, Registered Users 2 Posts: 439 ✭✭Lonesome Boatman


    KeithAFC wrote: »
    Agree. Move to England.

    You would need to get UEFA and FA on board the English clubs would never vote for it. Looks like you will be playing East Stirling nxt season


  • #1854
    Jelle1880
    Registered Users, Registered Users 2 Posts: 10,230 ✭✭✭✭Jelle1880


    ColeTrain wrote: »
    You are indeed burying your head in the sand. It doesn't matter that the article was written by a Celtic fan, as I said the facts are there.

    Do you think liquidation is the only viable option? It certainly looks like it tonight.

    Oh, do enlighten me :rolleyes:

    I never said anything about the content of it, just that I couldn't care less what a Celtic website thinks about all this.

    All that he said has already been said on STV, BBC,...

    And no, I still think a CVA is possible, if both the administrators and TBK get the fingers out.


  • #1855
    Pompey Magnus
    Registered Users, Registered Users 2 Posts: 5,406 ✭✭✭Pompey Magnus


    KeithAFC wrote: »
    Agree. Move to England.

    I thought Rangers don't do walking away?


  • #1856
    ColeTrain
    Closed Accounts Posts: 4,681 ✭✭✭ColeTrain


    Jelle1880 wrote: »
    Oh, do enlighten me :rolleyes:

    I never said anything about the content of it, just that I couldn't care less what a Celtic website thinks about all this.

    All that he said has already been said on STV, BBC,...

    Because you didn't respond to the content of the article, just that it was written by a Celtic fan.
    Fair enough though, I wouldn't be too keen on reading any article written by Rangersmedia, especially with that sort of content in it. The truth may hurt but liquidation may set you free!


  • #1857
    KeithAFC
    Closed Accounts Posts: 10,239 ✭✭✭✭KeithAFC


    Pompey Magnus wrote: »
    I thought Rangers don't do walking away?
    Just a simple jog down the road.


  • #1858
    Lonesome Boatman
    Registered Users, Registered Users 2 Posts: 439 ✭✭Lonesome Boatman


    Pompey Magnus wrote: »
    I thought Rangers don't do walking away?

    the blue knights and bill miller do


  • #1859
    Pompey Magnus
    Registered Users, Registered Users 2 Posts: 5,406 ✭✭✭Pompey Magnus


    Lonesome Boatman wrote: »
    the blue knights and bill miller do

    Not Craig Whyte though!


  • #1860
    Paul Tergat
    Registered Users, Registered Users 2 Posts: 10,820 ✭✭✭✭Paul Tergat


    I dont want Rangers anywhere near my league.


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  • #1861
    Dempsey
    Registered Users, Registered Users 2 Posts: 20,529 ✭✭✭✭Dempsey


    Paul Tergat wrote: »
    I dont want Rangers anywhere near my league.

    What league do you own?


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