Rangers FC lodge papers to go into administration

Dempsey · 13-05-2012 12:26AM

Pompey Magnus wrote: »

The Trust signed a very bad deal with Kennedy and the club and current owners have been paying the price for it ever since. The stadium was not included in the buy out, instead they agreed to rent it off Kennedy for £250k per year with a 10 year option to buy it back.

I read an article that they have a 25 year rent free lease then I saw a 6 month waiver on rent fees. Oh well, not going to get bogged down in the shading dealings of Rangers best chance of survival! :pac:

Pompey Magnus · 13-05-2012 08:42AM

Press conference in 20 mins, Charles Green and his consortium are to either be announced as new owner or preferred bidder, it is still not clear which.

A Dub in Glasgo · 13-05-2012 09:23AM

Green is to seek a CVA and then liquidate if not successful

His detail
http://company-director-check.co.uk/director/907595268

the realpigiron · 13-05-2012 10:48AM

A Dub in Glasgo wrote: »

Green is to seek a CVA and then liquidate if not successful

His detail
http://company-director-check.co.uk/director/907595268

If they lose the tax case the bill will be 134 million, sounds to me like they will liquidate and Green is pointing to the possibility of that.

Madam · 13-05-2012 11:34AM

Hopefully its the end of a long dark tunnel no matter what the outcome - especially for the fans at least they'd be out of this limbo place their in! I notice on Follow Follow, fans are looking for more input in their say in the club(ie, buying shares).

Pompey Magnus · 13-05-2012 04:01PM

As the administrators are staying until June at the earliest does that mean another 10 point deduction next season and inability to qualify for Europe for the following season also?

TheBuilder · 13-05-2012 06:11PM

Pompey Magnus wrote: »

As the administrators are staying until June at the earliest does that mean another 10 point deduction next season and inability to qualify for Europe for the following season also?

As of tomorrow I think we are guaranteed a 10 point deduction anyway mate though I could be wrong. We can qualify for Europe the following season though as we'll be out of admin.

PauloMN · 14-05-2012 07:31AM

http://www.dailyrecord.co.uk/football/spl/rangers/2012/05/14/rangers-in-crisis-charles-green-fears-the-gers-fans-in-his-20-strong-consortium-could-be-a-problem-86908-23858790/

CHARLES GREEN last night insisted there are some Rangers supporters in the mysterious consortium that has funded his bid for control of the club.
But the Yorkshireman then admitted he’s worried fans won’t be able to make the life-or-death decisions needed to keep the Ibrox club from going under for good.
Former Sheffield United chief executive Green was given the keys to Murray Park yesterday when administrators Duff and Phelps confirmed the two parties had entered into a binding agreement for the sale of the club.

20-strong consortium, including some Rangers fans? Absolute recipe for disaster imo. This fella sounds like he's going to liquidate tbh. "If", "would like" etc. in relation to a CVA, I can't see a CVA being agreed at the levels Rangers would need it agreed at.

Jelle1880 · 14-05-2012 07:40AM

I don't know, I saw the entire 40 minute press conference with him and he came across very well.

bobbysands81 · 14-05-2012 02:08PM

Jelle1880 wrote: »

I don't know, I saw the entire 40 minute press conference with him and he came across very well.

You read this article about him?

http://aunitedview.blogspot.com.es/2012/05/charles-green-he-sells-team.html?m=1

As one Sheffield United fan on teh huddleborad said - "If I could handpick one person to take over from Craig Whyte it would be Charles Green."

Dempsey · 14-05-2012 02:27PM

http://www1.skysports.com/football/news/11781/7755676/Green-not-confident-over-CVA

New Rangers owner Charles Green admits he is 'not confident' of achieving a company voluntary agreement (CVA) that would preserve the history of the club.

http://www.bbc.co.uk/sport/0/football/18052448

Charles Green insists a Rangers run under his consortium's stewardship "will never have debts again".

No surprise!

Nice to see that Craig Whyte doubled his money on the sale of Rangers :pac:

Jelle1880 · 14-05-2012 02:36PM

bobbysands81 wrote: »

You read this article about him?

http://aunitedview.blogspot.com.es/2012/05/charles-green-he-sells-team.html?m=1

As one Sheffield United fan on teh huddleborad said - "If I could handpick one person to take over from Craig Whyte it would be Charles Green."

Yeah, I have read numerous articles about his time at Sheffield United.

I also noticed that apparently (to the Scottish media) he was responsible for all their woes, despite only being CE.

Not to mention that this is almost 15 years ago.

Dempsey · 14-05-2012 09:05PM

Jelle1880 wrote: »

Yeah, I have read numerous articles about his time at Sheffield United.

I also noticed that apparently (to the Scottish media) he was responsible for all their woes, despite only being CE.

Not to mention that this is almost 15 years ago.

Doesnt matter how long ago it was, he's bought Rangers in the same style that Whyte did. For all the shíte he spouted he's very fuzzy on details

PauloMN · 14-05-2012 10:26PM

So that looks like a "no to newco" from Petrie of Hibs:

Hibs chairman Rod Petrie has told BBC Scotland that sporting integrity should come before any financial benefit to Scottish Premier League clubs.
Rangers face possible sanctions should they emerge as a new company, while the SPL is also investigating claims of undeclared payments to Ibrox players.
Several club officials have expressed commercial fears about a top flight without Rangers.
However, Petrie said: "Integrity is beyond purchase."
In the last few days, the managers of St Johnstone, St Mirren and Inverness have all said their clubs would suffer if the large support Rangers bring was lost.
Others are concerned that television and sponsorship deals for the league would be withdrawn or revised.
"It's important to us that the integrity of the competition that we take part is maintained to the highest standards," added Petrie.
"It's not a question of any sum of money in return for that integrity
"It's important that all clubs can have a place within football provided they have have earned it in a sporting sense and have abided by the rules."

http://www.bbc.co.uk/sport/0/football/18065520

Dempsey · 14-05-2012 10:41PM

Looks like Rangers fans will be boycotting Hibs :rolleyes:

Eirebear · 14-05-2012 10:47PM

Dempsey wrote: »

Looks like Rangers fans will be boycotting Hibs :rolleyes:

I think you've got it the wrong way round - most Rangers fans agree entirely with Petrie with regards to a Newco.
It's the "Keep them in the SPL but make sure they can't compete" proposals that we don't want.

bobmalooka · 14-05-2012 10:55PM

Eirebear wrote: »

I think you've got it the wrong way round - most Rangers fans agree entirely with Petrie with regards to a Newco.
It's the "Keep them in the SPL but make sure they can't compete" proposals that we don't want.

Ehh, Rangers need to apply for that to happen but sure blame the other clubs if they let ye do that.

Jelle1880 · 14-05-2012 11:19PM

bobmalooka wrote: »

Ehh, Rangers need to apply for that to happen but sure blame the other clubs if they let ye do that.

Do tell, how the **** can you get that from Eirebear's post ?

Anyway, another one who keeps using that term 'sporting integrity'.
Someone should really ask him what it means.

I'm surprised he thinks we would disagree with him, no Rangers fan I know would want us to form a Newco and be allowed straight back into the SPL, since we all know what will happen then.

Dempsey · 14-05-2012 11:24PM

Jelle1880 wrote: »

Do tell, how the **** can you get that from Eirebear's post ?

It will be newco Rangers choice to either apply for entry into the SPL or the SFL.

bobmalooka · 14-05-2012 11:29PM

Eirebear wrote: »

I think you've got it the wrong way round - most Rangers fans agree entirely with Petrie with regards to a Newco.
It's the "Keep them in the SPL but make sure they can't compete" proposals that we don't want.

bobmalooka wrote: »

Ehh, Rangers need to apply for that to happen but sure blame the other clubs if they let ye do that.

Jelle1880 wrote: »

Do tell, how the **** can you get that from Eirebear's post ?

He says Rangers fans dont want a newco to apply to the spl (unless of course you are suggesting they should do this and expect that all of Rangers wrongdoings be ignored)

I am pointing out that Rangers fate (as a newco) is entirely in their own hands, they can apply to join the Division3 or the Spl. The choice is yours yet ye seem to be very keen to blame everyone else if your club choose to join the SPL with sanctions imposed.

Jelle1880 · 14-05-2012 11:30PM

Duh, and the SPL have been trying very hard to allow a Newco Rangers back into the SPL, for the known reasons.

I'd even go as far as saying that they will do whatever they can to swing a vote in favour of Newco being allowed into the SPL straight away.

edit: Seriously, how are we blaming anyone else if a Newco Rangers would want to apply for the SPL ?

It's simple: Petrie believes a Newco should not be allowed straight back into the SPL, Rangers fans in general agree.
So why exactly are we talking about this again ?
And where does the 'blame other clubs' stuff come from ?

Dempsey · 14-05-2012 11:36PM

Jelle1880 wrote: »

Duh, and the SPL have been trying very hard to allow a Newco Rangers back into the SPL, for the known reasons.

I'd even go as far as saying that they will do whatever they can to swing a vote in favour of Newco being allowed into the SPL straight away.

If a newco applies to the SPL you cannot bitch about the punishments.

bobmalooka · 14-05-2012 11:39PM

Jelle1880 wrote: »

Duh, and the SPL have been trying very hard to allow a Newco Rangers back into the SPL, for the known reasons.

I'd even go as far as saying that they will do whatever they can to swing a vote in favour of Newco being allowed into the SPL straight away.

Yes but Rangers would be choosing this option, in fact requesting this option.

Again my point stands, how can ye blame everyone else for something ye would specifically ask for?

Im glad we all seem to be in agreement here on boards that cheating bastards should be sent packing

Edit: I was refering to when Eb said ye dont agree with the 'keep them in the spl but make sure they cant compete brigade', ye cant blame them if ye ask them for that scenario.

Jelle1880 · 14-05-2012 11:42PM

Nobody at Rangers has, at any point in time, said they should just be allowed back into the SPL as a Newco.

edit: I know what you were talking about, but it's not Rangers asking that.
It's the SPL trying their very best to get a Newco Rangers in the SPL, that's where EB got the 'keep them in the spl but make sure they cant compete brigade' thing from.

Dempsey · 15-05-2012 02:37PM

http://sport.stv.tv/football/clubs/livingston/99924-livingston-threaten-legal-action-against-scottish-fa-over-rangers-situation/

Livingston have written to the Scottish Football Association warning they may take legal action if the governing body fails to act upon Rangers' financial woes appropriately.

STV understands the First Division club have outlined they would pursue up to £1.2m in lost revenue for their relegation to the Third Division in 2009 if the SPL side are not dealt with in a similar manner.

As expected, Livingston threaten legal action if the rules arent enforced properly.

A Dub in Glasgo · 15-05-2012 04:57PM

But but but they aren't the Rangers!

shankespony · 15-05-2012 05:39PM

Might we also see Gretna, Dundee or even Airdrie United have a class action. As the great Sir Duped Murray said when he liquidated Airdrie for only £30k "business is business", don't u just love karma!!!

Broxi_Bear_Eire · 15-05-2012 05:42PM

shankespony wrote: »

Might we also see Gretna, Dundee or even Airdrie United have a class action. As the great Sir Duped Murray said when he liquidated Airdrie for only £30k "business is business", don't u just love karma!!!

I think he is guilty of robbing Rangers and the fans of more than 30K Once again people seem to be missing the point that most Gers fans would be fine about going to the third division

You have to remember Livingstone were a newco when the went down Rangers aren't at that point just yet

shankespony · 15-05-2012 06:21PM

I think into 3rd division either with history or as newco and work ur way back that would be doing time for the crime. It looks a mess at the moment BBE the papers talking about huge warchests yet these guys want to shaft the creditors, UEFA will not be happy if Man City, Rapid Vienna, Palermo etc get fleeced for transfer money owed, and yet BK used the money due from everton to finance their bid even though Rapid haven't been paid yet!!! Tomorrow will tell alot methinks

Broxi_Bear_Eire · 15-05-2012 06:27PM

shankespony wrote: »

I think into 3rd division either with history or as newco and work ur way back that would be doing time for the crime. It looks a mess at the moment BBE the papers talking about huge warchests yet these guys want to shaft the creditors, UEFA will not be happy if Man City, Rapid Vienna, Palermo etc get fleeced for transfer money owed, and yet BK used the money due from everton to finance their bid even though Rapid haven't been paid yet!!! Tomorrow will tell alot methinks

Again most Rangers fans don't have a problem with the third division As for it being the third if we are a newco or not why should our punishment be more than any other teams. TBK bid failed and rightly so so its a bit pointless using that as an example I agree that there should be no talks about warchests or anything else until the other problems are resolved but the media are already guilty of using bits of Greens first Press conference out of context. Tomorrow is an appeal against the punishment already dished out nothing to do with the SPL carry on

Rangers FC lodge papers to go into administration

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