Jump to content

Poor R*ngers Theads Merged.....


bluto
 Share

Recommended Posts


Do you come to that decision cos donald finlay is there? you have not got a f**kin clue...

or because Cowdenbeath almost went out of business last year?

http://www.s1cowdenb...threatened.html

ETA: http://www.cowdenbeathrotary.org/news.asp?intent=viewstory&newsid=41533

Edited by Dibbles old paperboy
Link to comment
Share on other sites

Just did a wee bit of research on the fate of all the Scottish clubs who have gone into admin. r*ngers would be the 5th in the SPL and 8th in total. SPL clubs:

2002 - Motherwell £11million debt (weren't relegated due to league restructuring)

2003 - Dundee £23 million debt (relegated 2 years later, administration again 7 years later)

2004 - Livingston £3.5 million (relegated following season, administration again 5 years later)

2008 - Gretna £4 million (liquidated)

The other Scottish clubs who went into administration were:

2000 - Morton ?? debt (went from 1st to 3rd division in 2 seasons; took 6 years to get back to the 1st division)

2000 - Clydebank ?? debt (administrators sold club to Jim Ballantyne and he turned them into Airdrie Utd)

2002 - Airdrie £3 million debt (liquidated)

So out of 7 clubs, 3 disappeared and 4 were relegated (if you include Motherwell who should have been). Even if r*ngers survive, we're probably looking at 5, 10 years of c*ltic dominance. Irony is r*ngers being in dire straits will slowly drag their ugly sister down with them as fewer decent players will want to come and play in an uncompetitive league, and fans will lose interest.

Link to comment
Share on other sites

You sound like a sensible chap but do you not know that administration takes the £100 million bill down to £10 Million and once everyone gets the 10p in the pound (very few guarenteed customers) then Rang*rs are sold as a going concern. Next season same as....Just the way it is.

The creditors have to agree to what is offered... HMRC would have to agree to accept £8m instead of £80m in a case that is going to set a precedent for EPL clubs who have also used the EBT scheme in a similar way to r*ngers.

IF r*ngers lose the tax cases the amount they are asked to pay by HMRC becomes payable with immediate effect. If HMRC refuse to accept 10p in the £ r*ngers will be liquidated unless CW or any rich fan offers to pay the £65m (including penalties) they are likely to be hit with later this month or in March.

The only secured creditor at the minute is CW with his £18m floating charge over the club.

Link to comment
Share on other sites

It is still early days; however surely Henry McLeish will need to do a quick rewrite of his master plan for Scottish football. The fanny managed to study Scottish football for about 2 years and managed to miss what everyone else couldn't fail to see.

Like shull I don't see this making a blind bit of difference to Scottish football overall. The only real impact is on the OF, and they are the one's panicking. The rest of us look on with mild amusement. I actually don't view it as a dancing shoes told you so moment, but just one of just desserts smugness. I almost feel a wee bit sorry for some of their fans.....not the corporate club deck gloryhunting arseholes, or the orange walk jog along dafties, or the "I don't know if I'll renew my season ticket" as the quality of player will no loger be scumgers quality types, or the teletext / ESPN / SKY TV, Radio Phone-in nutters, or the follow follow sectarian flaming scumbags......haw'd on...who's left?

Link to comment
Share on other sites

Lol.....You are full of it!.....Not got a clue and don't understand administration. Range*s will not need any other club to come through this and will be fine next season with new owners after a season of trauma.

Well we'll see who's right over the coming months - won't we. :rolleyes:

The cases at Portsmouth and at Airdrie United show the pro's and cons of the two respective ways out for r*ngers.

Link to comment
Share on other sites

Well we'll see who's right over the coming months - won't we. rolleyes.gif

The cases at Portsmouth and at Airdrie United show the pro's and cons of the two respective ways out for r*ngers.

It's quite simple....Administration ...no need for any strange takeover of a minor club. Did Motherwell do this? having £11milion of debt?....The truth will be told Stuart and I'm afraid you will be wrong again! Range*s out of admin will have a new owner and wil be ready for next season as usual.

Link to comment
Share on other sites

It's started already.....prepare yourself for the fawning and saturated coverage of all this pish from the Old F*rm genitalia sucking media luvvies, just because of who it concerns.

Why stop there? Let's go all the way and have all Sports TV presenters wear black armbands and the newspapers to print Union Jacks in black at the demise of one half of their vermin clients.

What goes around comes around. This is just desserts for trying to play the "We're a big club" syndrome getting shoved down our throats!

I hope at least one person in authority grows a pair for once and administers the leathal injection while they're still on their knees! f**k em' all bye1.gif

Excellent post Sir !

Link to comment
Share on other sites

The creditors have to agree to what is offered... HMRC would have to agree to accept £8m instead of £80m in a case that is going to set a precedent for EPL clubs who have also used the EBT scheme in a similar way to r*ngers.

IF r*ngers lose the tax cases the amount they are asked to pay by HMRC becomes payable with immediate effect. If HMRC refuse to accept 10p in the £ r*ngers will be liquidated unless CW or any rich fan offers to pay the £65m (including penalties) they are likely to be hit with later this month or in March.

The only secured creditor at the minute is CW with his £18m floating charge over the club.

HMRC know they can't get £59million from Rang*rs. that's not the point of the action. Any clever people on here know why Rang*rs are conceding the case and are willing to admit defeat?

Link to comment
Share on other sites

HMRC know they can't get £59million from Rang*rs. that's not the point of the action.

Quite right the point of it is to enforce the payment of unpaid taxes and the following of due process. That would certainly preclude believing in the 'promises to pay and the proven virtue" of the current r*ngers Chairman. DibblesOP has it hit on the head. There will be No Deal made by the HMRC with Whyte.

Any clever people on here know why Rang*rs are conceding the case and are willing to admit defeat?

It doesn't need "clever".

Cos they're f**ked. Nowhere left to hide. It's not exactly No Surrender, is it? :lol:

Link to comment
Share on other sites

Just one thing more Dibbles......You fail to take into account the millions in tax that Rang*rs pay every season and HRMC will take that into account in either folding the company or having a new owner paying a similar amountsmile.png

Rongers have not been paying PAYE, VAT or NI since the Autumn... you're not very well informed... :unsure:

Link to comment
Share on other sites

It's quite simple....Administration ...no need for any strange takeover of a minor club. Did Motherwell do this? having £11milion of debt?....The truth will be told Stuart and I'm afraid you will be wrong again! Range*s out of admin will have a new owner and wil be ready for next season as usual.

Oh FFS - Motherwell owed most of that £11m to John Boyle who agreed to write off the bulk of the money and are you really trying to say that Motherwell survived because the HMRC were worried about lost revenue through the massive amount of tax they pay on an annual basis 1eye.gif

Link to comment
Share on other sites

Reborn, give up, you're digging a hole. You clearly don't understand the possible insolvency processes.

That's the point...you see I do and have been involved in it a few times. ....You don't have any knowlege of it and I know Range*s will be fine as Insolvency for a £60 million asset club dosn't even exist. You are not even wrong!. As Stuart says time will tell ....come back at the start of next season and apologise.

Edited by reborn saint
Link to comment
Share on other sites

That's the point...you see I do and have been involved in it a few times. ....You don't have any knowlege of it and I know Range*s will be fine as Insolvency for a £60 million asset club dosn't even exist. You are not even wrong!. As Stuart says time will tell ....come back at the start of next season and apologise.

you'll find out sooner than that

Link to comment
Share on other sites

That's the point...you see i do and have been involved it it a few times. ....You don't have any knowlege of it and I know Range*s will be fine as Insolvency for a £60 million asset club dosn't even exist. You are not even wrong!. As Stuart says time will tell ....come back at the start of next season and apologise.

How do you calculate/come up with/invent/magic the £60m asset? :lol:

Have you just been ignoring the myriad debts owed by Rongers that have been posted on this thread?

If you're thinking of Ibrokes, then not only does it have unaddressed h+s problems and ongoing maintenance costs, but assessments of its worth can only be as a functioning, filled football stadium... But if you've already flogged off the season tickets for several years ahead and if you already can't pay your other bills, then... What is it really worth? Cos that is an "important brick frontage" and would be difficult to flog off/destroy for flats n shops... :o

If you're thinking of sellable players... They just need to hang in there to become free agents once the plug is pulled..

What assets are worth £60m?

Edited by bluto
Link to comment
Share on other sites

How do you calculate/come up with/invent/magic the £60m asset? laugh.png

Have you just been ignoring the myriad debts owed by Rongers that have been posted on this thread?

If you're thinking of Ibrokes, then not only does it have unaddressed h+s problems and ongoing maintenance costs, but assessments of its worth can only be as a functioning, filled football stadium... But if you've already flogged off the season tickets for several years ahead and if you already can't pay your other bills, then... What is it really worth? Cos that is an "important brick frontage" and would be difficult to flog off/destroy for flats n shops... ohmy.png

If you're thinking of sellable players... They just need to hang in there to become free agents once the plug is pulled..

What assets are worth £60m?

Let's add aw the assets up and see what we get.

Broadfoot £0.00

Link to comment
Share on other sites

Quite Bluto - and if my colleague is right and David Murray does still own Murray Park that's another chunk of land based asset out of the equation. (I've done a small amount of investigation and it appears that the land there is owned by r*ngers Youth Development which two years ago was a wholly owned subsidiary of MIH). I suppose we'll find out soon enough if it was included in the sale of the club to Whyte or not and whether r*ngers FC actually do own it. It would probably be best for r*ngers if they don't right now.

I'm not sure of the land values around Ibrox and Govan but there's so much vacant land and so many vacant offices it hardly looks like the stadium is on prime real estate.

Edited by Stuart Dickson
Link to comment
Share on other sites

How do you calculate/come up with/invent/magic the £60m asset? laugh.png

Have you just been ignoring the myriad debts owed by Rongers that have been posted on this thread?

If you're thinking of Ibrokes, then not only does it have unaddressed h+s problems and ongoing maintenance costs, but assessments of its worth can only be as a functioning, filled football stadium... But if you've already flogged off the season tickets for several years ahead and if you already can't pay your other bills, then... What is it really worth? Cos that is an "important brick frontage" and would be difficult to flog off/destroy for flats n shops... ohmy.png

If you're thinking of sellable players... They just need to hang in there to become free agents once the plug is pulled..

What assets are worth £60m?

You just have no idea how this works.....Blind ignorance at work

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...