Rangers FC lodge papers to go into administration

Eirebear · 08-05-2012 01:07PM

Lars1916 wrote: »

Guess what...I know, Ran**** are not playing in Germany

And my so pointless point is to highlight, how lucky your club might be in the end, not getting the same relentless punishment, a German club would get.

I'd suggest 3 years of points deductions and financial penalties is "relentless" no?

**** The SPL.

At least Germany has laws in place, the SPL are making it up as they go along.

Lawrence1895 · 08-05-2012 01:09PM

Broxi_Bear_Eire wrote: »

What age are you seven how childish.

Again it makes not one jot of difference we are a Scottish club not a German one

42, I am, but never mind. No reason to take matters onto a personal level :rolleyes:

Madam · 08-05-2012 01:15PM

The thing is, will Rangers recovery be a long or short one? I mean it could take years for them to come back to an acceptable(to the fans)level anywhere near to where they've been in the past. Really though, with the fan base I'm sure it will be 'interesting times' ahead and maybe a good thing for Scottish football:)

Eirebear · 08-05-2012 01:17PM

Madam wrote: »

The thing is, will Rangers recovery be a long or short one? I mean it could take years for them to come back to an acceptable(to the fans)level anywhere near to where they've been in the past. Really though, with the fan base I'm sure it will be 'interesting times' ahead and maybe a good thing for Scottish football:)

Long, long, long.

average_runner · 08-05-2012 01:24PM

The longer it takes Rangers to recover, the more chance of Celtic following. Tv Rights and match attendance will drop big time for Celtic.

Jelle1880 · 08-05-2012 01:32PM

average_runner wrote: »

The longer it takes Rangers to recover, the more chance of Celtic following. Tv Rights and match attendance will drop big time for Celtic.

I doubt it to be fair, as said Celtic don't really need the TV money.
Attendances, they seem to manage fine.

Madam · 08-05-2012 01:33PM

average_runner wrote: »

The longer it takes Rangers to recover, the more chance of Celtic following. Tv Rights and match attendance will drop big time for Celtic.

Rubbish, there's enough other teams to come ahead and take Celtic on:p League titles and Scottish cup games will still be watched and enjoyed by thousands of people regardless of TV rights

Eirebear · 08-05-2012 01:35PM

average_runner wrote: »

The longer it takes Rangers to recover, the more chance of Celtic following. Tv Rights and match attendance will drop big time for Celtic.

Celtic will be fine in terms of finance, they very much need to be involved in europe every year however to improve as a football team though.

it's the other clubs who are screwed - that's why we're seeing the SPL try to devise a way of keeping Rangers in a coma for as long as possible untill they've sucked the support for everything they can.

patmac · 08-05-2012 01:38PM

Rangers FC 2013 Line up - Naismith, Naifuture, Naiclass, Naimoney, Naistadium, Naihope, Naitrophies, Naiprospects, Naifans, Naimanager, Naiplayers

Madam · 08-05-2012 01:39PM

Em - Why does Lars1916 refer to Ran**** with asterisks ?

Eirebear · 08-05-2012 01:40PM

patmac wrote: »

Rangers FC 2013 Line up - Naismith, Naifuture, Naiclass, Naimoney, Naistadium, Naihope, Naitrophies, Naiprospects, Naifans, Naimanager, Naiplayers

TBF - Naismith pretty much took us into a ten point lead single handedly this season.
I'll take that line up.

Lawrence1895 · 08-05-2012 01:49PM

Madam wrote: »

Em - Why does Lars1916 refer to Ran**** with asterisks ?

Because he doesn't want to offend any of their supporters, by calling them names. And I refer to any team, I somehow don't like with asterisks...like Sch****03+1 in Germany

jack presley · 08-05-2012 02:46PM

Madam wrote: »

games will still be watched and enjoyed by thousands of people regardless of TV rights

Enjoyed might be too strong a word

Madam · 08-05-2012 02:52PM

jack presley wrote: »

Enjoyed might be too strong a word

I live in a land of the perpetual delusional:) Or to be kind a wishful thinker!-

Dempsey · 08-05-2012 03:53PM

http://www.bbc.co.uk/sport/0/football/17975013

Dundee United chairman Stephen Thompson has spoken of the dilemma facing the Scottish Premier League board over what to do with a "newco" Rangers.

"This season we got £1.4m from the SPL. If we only get £200,000 to £300,000, then how do we fill the £1m?"

All Thompson cares about is what is best for Dundee United in the short term. If he cant make the tough decisions for the long term benefit of Scottish Football then he shouldnt be on the SPL board.

Pompey Magnus · 08-05-2012 03:56PM

Chris McLaughlin of BBC has just posted on twitter that Miller has pulled out.

Edit: Looks like it is official, Miller is out.

lubo_moravcik · 08-05-2012 04:00PM

Bill Miller walking away now

Dempsey · 08-05-2012 04:01PM

Some circus!

A Dub in Glasgo · 08-05-2012 04:03PM

Yikes!!

And this gem on the HB

images?q=tbn:ANd9GcT9Bh84-tD1-xSis_p6IRz8ys3TOkWteUOIbmHJfJ-5tSlLkZ_3

Pompey Magnus · 08-05-2012 04:08PM

Bill Miller: "After hearing message from Rangers fans loud & clear ("Yank go home!"), I notified admins today I have withdrawn my bid"

Never let it be said that people power never works...

Eirebear · 08-05-2012 04:17PM

Pompey Magnus wrote: »

Bill Miller: "After hearing message from Rangers fans loud & clear ("Yank go home!"), I notified admins today I have withdrawn my bid"

Never let it be said that people power never works...

TBF there's a lot more to it than that. (And those idiots with the banners)

In a statement, Miller said: “As soon as I was announced as preferred bidder for Rangers, my team began to press ahead with our
due diligence. Until then, information had been limited to what was made available in the internet data
room and questions addressed to the administrators and their staff. In addition, I had preliminary
discussions with the Scottish Footballing Authorities and limited discussions with Ally McCoist. Upon
being named preferred bidder, discussions with Rangers staff started and discussions with all interested
parties intensified.
We continued to work through the holiday weekend in order to meet a very compressed schedule. By late
Monday night, it became clear to me that preliminary information, discussions and analysis were,
unfortunately, more optimistic than reality. Having no intention of negatively affecting the potential
outcome of the club's future and after hearing the message from Rangers supporters and fans loud and
clear ("Yank go home!"), I notified the administrators today that I have withdrawn my bid for Rangers and
will not be moving forward.
I am deeply disappointed as I had considered the opportunity to bid for one of the most historic football
clubs in the world, an honor and a privilege. I wish Rangers fans, supporters and employees my very
best. I hope all your dreams and wishes come true. You certainly deserve it. I am most disappointed that I
won't have the opportunity to walk into Ibrox Stadium on the day of an Old Firm match as my friends tell
me the hair on my arm will stand up and I will never witness such passion and spirit at any sporting event.
God Speed, Rangers"

Pompey Magnus · 08-05-2012 04:23PM

So now there are 4 bids on the table according to the Administrators, including the Blue Knights. I don't know where the other 3 have appeared from!

Eirebear · 08-05-2012 04:32PM

Pompey Magnus wrote: »

So now there are 4 bids on the table according to the Administrators, including the Blue Knights. I don't know where the other 3 have appeared from!

**** knows.

I'm off to drop some acid and sit in the desert for a while, i might come back on the same wavelength as everyone involved in this farce.

TheBuilder · 08-05-2012 04:45PM

Aw for **** sake.

I've got my final college exams to do over the next couple of weeks, I'm going to try avoid all this until then. See you in a couple of weeks!

Enjoy the circus lads.

Eirebear · 08-05-2012 04:45PM

BILL MILLER has announced that he has withdrawn his offer for Rangers and administrators Duff & Phelps have announced that three other bidders are in play.

David Whitehouse, joint administrator, said: "We can confirm that Mr Bill Miller has decided not to complete his purchase of Rangers Football Club.

"Since Mr Miller was announced as preferred bidder on Thursday of last week, it is regrettable that more progress could not be made to further the sale of the Club.

"We have been informed by his advisors that there were a number of issues with which he felt uncomfortable including legacy contracts, the limitation of potential revenue streams and the expectation of required investment.

"As in any company takeover, the selection of a preferred bidder does not guarantee the completion of the sale. In this case, with time and money for Rangers running out quickly, it was essential to move the process forward with urgency. Mr Miller's bid was deliverable to creditors and was the only deliverable bid on the table at that time. We had no other unconditional bid.

"Given the fact that Mr Miller did not enter into an exclusivity agreement, we informed all other known potential bidders at the time the door was not closed.

"As a consequence of Mr Miller's bid being accepted, three other bidders have come forward to express their interest in buying the Club and these offers are being evaluated with the utmost urgency.

"There is every opportunity for these bidders to now complete the purchase of the Club prior to the end of the season."

Ticketus causing issues then?
I'd happily see Craig Whyte meeting a bunch of Rangers Supporting neds in a dark alley at this stage.

Pompey Magnus · 08-05-2012 05:12PM

What is the advantage to Rangers in having a takeover complete before the end of the season?

Dempsey · 08-05-2012 05:16PM

Duff & Phelps preliminary information to bidders was "more optimistic than reality" according to Miller. Those 3 other bidders will run a mile once they get to see the info that Miller saw.

PauloMN · 08-05-2012 05:19PM

Pompey Magnus wrote: »

What is the advantage to Rangers in having a takeover complete before the end of the season?

1 less season in admin I suppose, less sanctions.

TBH I think yiz dodged a bullet with Miller. I did get a laugh at the banner reference though! Next time try not racially offend your potential saviour!

Dempsey · 08-05-2012 05:21PM

PauloMN wrote: »

1 less season in admin I suppose, less sanctions.

TBH I think yiz dodged a bullet with Miller. I did get a laugh at the banner reference though! Next time try not racially offend your potential saviour
!

[Dignity] Ethnic Criticism [\Dignity]:pac:

Pompey Magnus · 08-05-2012 05:32PM

PauloMN wrote: »

1 less season in admin I suppose, less sanctions.

TBH I think yiz dodged a bullet with Miller. I did get a laugh at the banner reference though! Next time try not racially offend your potential saviour!

So does the 10 point deduction for next season come into play as soon as this season finishes if the club are still in administration?

Rangers FC lodge papers to go into administration

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