Poor R*ngers Theads Merged.....

[insaintee]

If they do the old fold and flush again then I think for a lot of the Scumgers supporters that would be the last straw. Unlike last time CG has got the corporate structure with a holding company and the club seperate in place so they could technically fleece all the share holders without incurring any penalty from the SFL or SFA. New rules for EUFA make it clear that as far as they are concerned the holding company and the club are the same thing but these rules are not in place yet. So will the SFA SFL let them away with it, probably.

BUT a lot of fans like my father in law are quite well aware of that whole liquidation scenario was a st up to shed ~£150 million pounds of debt. Him and his pals as small buisnessmen have been stung by these director led liquidations which are often followed by "management buy outs". There is nothing more galling then seeing a man who owes you thousands liquidate his company and start up again in the same premises a couple of months latter all the time swanning around in his Merc/Jag/Lexus/fake tan. They are not happy as it is. If Green does the same then they will be quite aware that the whole thing has just been a scam to fleece Rangers fans and shareholders from the very outset. Whyte has already made his money and is offski. Good luck to ticketus for trying to get it off him. I'm sure if they ever do get him to court he will just file for bankruptsy. Any way these fans that against their better judgement trusted Green cos he was the only show in town and had Ally's backing will never make the same mistake twice. (possibly a lot of them can no longer afford to).

If Green does do the dirty then he will leave behind a club that runs at a substatial loss and that in all probabilty will not own any assets other than players (and we saw what that was really worth when Rangers went under last year). In that case, even if the SFL allow the new new club into the 2nd division (or big 18 league) they will have to shed players and can not afford to buy new ones. They will have no working capital, very little good will from the fans, no chance of a flotation to raise cash. Some bear will probably decided against buying season tickets (prefering to pay at the gate if they go.) I almost wish that Green was legit cos for The rangers that really is armaggedon

Edited February 8, 2013 by insaintee

[stlucifer]

We can but hope!

If Green does do the dirty then he will leave behind a club that runs at a substatial loss and that in all probabilty will not own any assets other than players (and we saw what that was really worth when Rangers went under last year). In that case, even if the SFL allow the new new club into the 2nd division (or big 18 league) they will have to shed players and can not afford to buy new ones. They will have no working capital, very little good will from the fans, no chance of a flotation to raise cash. Some bear will probably decided against buying season tickets (prefering to pay at the gate if they go.) I almost wish that Green was legit cos for The rangers that really is armaggedon

[Guest somner9]

Don't know if anyone else follows this, but shares in The Rangers are being punted in big chunks everyday (18000 today) and the price keeps dropping, only 4p above what they launched at now. Wether it's Charlie and his team of cut-throat investors cashing in their chips, or the big investors (legal & general) getting rid remains to be seen. If it falls below the launch price expect feckin chaos ootside the 'Big Hoose' again as the great unwashed realise they've been screwed over yet again.

On tuesday a mystery seller got shot of 100,000 shares at 75p... thats the price they launched at, and maybe less than was paid for them?

it's all turning to the brown smelly stuff.

http://www.lse.co.uk/ShareTrades.asp?shareprice=RFC&share=rangers_int

Edited February 13, 2013 by somner9

[Guest somner9]

This is solid gold from Alex Thomson C4 news about Jim Traynor and how far up Craig Whyte's arse he was.

Succulent lamb on the rack?

Channel 4 News understands very well that sportswriters need close
relations with the football clubs they report on. But what follows
stands out because of the culture peculiar to Rangers FC and the media
during the reign of Sir David Murray and Craig Whyte.

It also stands out because it concerns a former reporter in that culture, who now runs the Rangers media operation.

In response to last week’s media coverage of Rangers’ disputed bills
for £400,000 Rangers FC did not answer any of Channel 4 News’ questions
directly.

Instead the club website – now controlled by Ibrox press boss James
Traynor, attacked the media en masse, accusing them of being “at such a
damning low”: “…it has become clear Rangers cannot rely on basic
honesty, decency or integrity from enough of the country’s media…”

It struck many appropriate that Mr Traynor should issue such a
rallying cry in defence of Rangers. For he stands as one example of the
curious Glasgow concept of “succulent lamb” journalism:

SECRET FEAR THAT DRIVES ME TO WIN; 10 IN A ROW

(Daily Record – November 19, 1998)

Exclusive James Traynor

Rangers chairman David Murray opens up on the highs and lows
of his decade in charge of Rangers and promises that the best is still
to come…”

So ran Mr Traynor’s now infamously sycophantic article on how Sir
David Murray would conquer the world with Rangers, building to those
fateful lines:

“He was about to take in another mouthful of the most
succulent lamb – anyone who knows Murray shouldn’t be surprised to learn
he is a full-blooded, unashamed red meat eater – when he put down his
knife and fork.

It was like a statement of intent and looking directly across
the table to make sure I hadn’t yet succumbed to the wine, he said:

“Bring on the next 10 years, there’s more to come for Rangers.”

There certainly was more to come from Rangers: sold for a quid, put
into administration, liquidated and lucky to be playing fourth-tier
football.

And that “succulent lamb”? Well it’s so engrained as a concept in Glasgow’s media culture that these days it even has its own Wikipedia entry.

In the light of this, Channel 4 News can now reveal exactly what “succulent lamb” journalism means, from the hand of the RFC press supremo James Traynor.

Let’s go back just a short time to when the current Ibrox director of
communications was football writer at The Daily Record and its sister
paper the Sunday Mail.

Back in July 2011, there were searching questions to be asked of
Rangers. Like just who was Craig Whyte? What was his business record and
just what was really happening inside Ibrox?

But far from it.

In fact, at times, so unquestioning of Mr Whyte was Mr Traynor that
we know of at least one occasion when he actually sent an article to
Craig Whyte for prior editorial approval before it went into the
newspaper.

July 14th is the day the French celebrate the overthrow of deference.
But not in Glasgow where, on that day in 2011, James Traynor submitted
an article due for the Sunday Mail, to Craig Whyte, with the following
message:

14 July 2011 14:49

(Hi Craig, as agreed the following is what I think would
cover the Sunday Mail piece. You’ll notice I start with the £15m but
also that I haven’t quoted you on that amount. There might be one or two
minor alterations between now and the deadline but these would only be
cosmetic and grammatical once I’ve had a final look.Thanks, JT.)

He then submits his Sunday Mail article to Craig Whyte in full, for
Mr Whyte’s approval, quoting the Rangers boss on grand plans in the
transfer market and writing about the £15m to be spent buying the best.

Much of the article in fact is simply a string of quotes from Mr
Whyte on his vision for Rangers after just a few weeks in the job.

The next day, Craig Whyte replies to Mr Traynor saying he’s satisfied the article can go in the paper, subject to a change:

Date: 15 July 2011 10:47

Subject: Re: Sunday piece.

To: jxxxxxx@xxxxxX

Hi Jim,

Only one thing – I’d rather not be quoted being critical of a particular player, ie. Danns. Other than that it’s fine.

Best,

Craig

Just four minutes later Jim Traynor is emailing Craig Whyte straight
back to assure him the offending quote will not appear in the Sunday
Mail:

From:

Date: 15 July 2011 10:51

Subject: Sunday piece.

To: cxxxxxx@xxxxxxx

No problem Craig. It’s out. Thanks. JT.

And that, ladies and gentlemen, is what’s known as the “succulent lamb” in the world of Glasgow journalism.

In goes the article to the Sunday Mail, all about Mr Whyte’s £15m transfer treasure chest and all the rest of it.

Crucially, the glowing piece came after several months of doubt about
Mr Whyte’s financial clout and willingness to invest his own money into
the club.

The big spending promised in the article, approved by Mr Whyte, never did materialise.

One small episode in a greater scheme of things where – across all
sections of the mainstream media – too few searching questions were
asked about Sir David Murray and then Craig Whyte – successive owners
who ultimately brought the club to its knees.

But there’s more.

Far from probing the probity of Craig Whyte, James Traynor was actually going on to probe him for a job at Rangers.

And here, for the first time, is your proof.

It comes in a series of text messages exchanged between James Traynor and Craig Whyte just a few months later in January 2012.

By now of course, the mounting problems at Rangers would have been
more apparent and fans needed to know the full scale. But Mr Traynor had
other things on his mind – a job under Craig Whyte. Here’s the text
exchange:

6 JAN 2012 11.43

Hi Craig, haven’t been sacked, haven’t resigned despite all the
rumours. However, I’m almost certain I can get out within weeks if I
insist. Do you want to talk? JT

6 JAN 2012 16.07

Hi Jim, I’m back in Glasgow next Friday. Let’s meet up then and discuss. C.

6 JAN 2012 16.32

Okay, see you then.

Of course, there’s nothing wrong in looking for a new job – we all do
it all the time. And of course we don’t know the preamble to these
texts, but the curio here is merely the context that an experienced
journalist should apparently be seeking a job from Mr Whyte, should want
to be part of his Rangers operation. Channel 4 News
understands they did indeed meet and discuss a job at the club. One
month after that text exchange – one year ago this week - Rangers filed
legal papers at the Court of Sessions to appoint administrators.

Did James Traynor simply not know things were amiss?

Craig Whyte was banned by the Scottish football authorities from the
game for bringing it into disrepute after Rangers ended up liquidated.
They fined him £200,000.

So there you have it. What so many fans long suspected is laid bare.
James Traynor has since made it to Rangers under the new Charles Green
regime on a reported six figure salary.

Today Mr Traynor, through channels at Ibrox, issued this statement to Channel 4 News:
“These suggestions are malicious and misleading. Anyone who knows
anything about events at Rangers knows that James Traynor, in his
capacity as a journalist, was instrumental in exposing the activities of
the Craig Whyte regime which are currently subject to criminal
investigation.”

Follow @alextomo on Twitter.

[bluto]

The decision about whether or not Rangers were paying EBTs and not being open about it, will be announced at noon Thursday.

Chuckie Green knew last week that it was coming and he's not been seen or heard from since....

What punishments (if any) and who will be effected?

Interesting times.

SCOTTISH PREMIER LEAGUE

PRESS RELEASE

27 February 2013 For Immediate Release

COMMISSION DECISION TO BE ISSUED ON 28 FEBRUARY

The written decision of the Commission appointed in relation to RFC 2012 Plc (now in liquidation) and Rangers FC and chaired by Lord Nimmo Smith will be published on Thursday 28 February at 12.00 noon.

- Ends -

CONTACT DETAILS

Scottish Premier League

0141 620 4140

[oaksoft]

The decision about whether or not Rangers were paying EBTs and not being open about it, will be announced at noon Thursday.

Chuckie Green knew last week that it was coming and he's not been seen or heard from since....

What punishments (if any) and who will be effected?

Interesting times.

SCOTTISH PREMIER LEAGUE

PRESS RELEASE

27 February 2013 For Immediate Release

COMMISSION DECISION TO BE ISSUED ON 28 FEBRUARY

The written decision of the Commission appointed in relation to RFC 2012 Plc (now in liquidation) and Rangers FC and chaired by Lord Nimmo Smith will be published on Thursday 28 February at 12.00 noon.

- Ends -

CONTACT DETAILS

Scottish Premier League

0141 620 4140

They are indeed interesting times.

It's not every day the forum pedant makes a classic spelling error.

[bluto]

They are indeed interesting times.

It's not every day the forum pedant makes a classic spelling error.

I'm a bit under the weather right now , and it's having an affect.

Though you probably don't mean me, as I'm not a pedant.

[insaintee]

to be fair I can see McCoist mincing around like Alan Carr

[oaksoft]

I'm a bit under the weather right now , and it's having an affect.

Though you probably don't mean me, as I'm not a pedant.

You cetainly must be under something.

What's with the comma before the word "and"?

[bluto]

You cetainly must be under something.

What's with the comma before the word "and"?

Today... Under 4 tramadol, 8 ibuprofen and, so far, 6 paracetamol.

The comma before the "and" was... Ahem... ceRtainly an error induced by my condition and also this bloody iPad...

[insaintee]

You cetainly must be under something.

What's with the comma before the word "and"?

A comma before "and" is allowable where it is joining two sparate phrases but is not manditory.

eg. I like eggs, and I like bacon. Correct

I like eggs, and bacon. Incorrect

[bluto]

A comma before "and" is allowable where it is joining two sparate phrases but is not manditory.

eg. I like eggs, and I like bacon. Correct

I like eggs, and bacon. Incorrect

Is it mandAtory for you all to wind me up?

[insaintee]

Is it mandAtory for you all to wind me up?

Aye

[bluto]

Well... The Sfa have now received Lord Nimmo Smith's report and will be scrutinising it, and contemplating sanctions, if any....

And High Noon is hurtling towards us.

This is a big day with regard to the integrity and probity of Scottish fitba. And for me it' s shocking to realise that I have little faith in those aspects of the game being put before the crassest commercial imperatives.

But I live in hope.

Edited February 28, 2013 by bluto

[shull]

http://www.bbc.co.uk/sport/0/football/21604986

Farcical.

[bluto]

http://www.bbc.co.uk/sport/0/football/21604986

Farcical.

Yup.

Hope dies.

Why bother...?

[insaintee]

Yup.

Hope dies.

Why bother...?

Shamefull just shamefull

[insaintee]

The biggest loosers in this are Hearts Rangers cheating deprived them of several years participation in the Champions league. To bad mad Vlad is not around to take this furher.

[bluto]

Shamefull just shamefull

The biggest loosers in this are Hearts Rangers cheating deprived them of several years participation in the Champions league. To bad mad Vlad is not around to take this furher.

I'm no playin

[shull]

There are 40 other Clubs in Scotland who could do summat about them and the Green Vermin.

Self preservation and nae baws spring to mind.

[Drew]

Now there's a surprise.

What a joke Scottish football is.

ETA: this leads me increasingly to conclude that I can do without senior professional football in my life. A wee bit of reflection with a decision to follow come the close season is on the cards.

Edited February 28, 2013 by Drew

[insaintee]

This is total shite. T'Rangers have got EVERYTHING they wanted. This is a bit like some has a dog that attacks and kill a child then sells the dog. The judge decides that the dog can't be put down because its got a new owner and fines the old owner instead.

The language in the ruling is also sufficiently vague to allow the oldco=newco illusion to continue.

Why can't the owners/operators or the new club be responible for the fine?

[insaintee]

This is from that document

On 14 June 2012 a newly incorporated company, Sevco Scotland Limited, purchased

substantially all the business and assets of Oldco, including Rangers FC, by entering into an asset

sale and purchase agreement with the joint administrators. The name of Sevco Scotland Limited

was subsequently changed to The Rangers Football Club Limited. We shall refer to this

company as Newco.

This is factually incorrect but now is allowed to stand! This shameful

[Guest somner9]

Isn't it even funnier that had Minty/Whitey just paid up they'd have gotten away with a fine or two???

I find it hilarious that they went into liquidation because none of them had the confidence/guts/nouse to tough it out!

You were relegate three times for nothing.... ha, ha ya bastard ****

On a different note i hear the naming rights for ipox is moving ahead with the announcement held up whilst sports direct finalised the purchase of Republic clothing chain.

Could this mean given Charlie Green's assurances that ipox will remain in the name that; newco will be playing at the "Ibrox Republic Arena" next season?

ach whatever i'm sure the abbreviation will suffice

Edited February 28, 2013 by somner9

[Qarsaan]

I may have written something like this before .... They have been caught cheating big style. Kick them out.