BobbyBiscuit Posted March 7, 2012 Report Posted March 7, 2012 Full statement: http://news.stv.tv/scotland/west-central/299996-in-full-rangers-director-dave-kings-statement/ We must remember that our footballing friends across the city came very close to the point that we now find ourselves in. Scottish football needs a strong Rangers and Celtic- but perhaps in a slightly humbler form. Quote
tlg1903 Posted March 7, 2012 Report Posted March 7, 2012 I am so fed up of being told by huns and tims that we need them Quote
manc_don Posted March 7, 2012 Report Posted March 7, 2012 Can they not just fuck off and die already, every single one of them who are entwined in this web of hunnery. I'm sick to the teeth with all this bullshit. Quote
capitalsharpie Posted March 7, 2012 Report Posted March 7, 2012 So, is liquidation looking more and more likely then? Or am I just dreaming? Quote
mizer Posted March 7, 2012 Author Report Posted March 7, 2012 http://www.dailyrecord.co.uk/2012/03/07/rangers-in-crisis-as-administrators-wield-axe-owner-craig-whyte-still-claims-to-be-ibrox-club-s-saviour-86908-23778009/ WITH Rangers in turmoil as the axe fell yesterday, Craig Whyte was busy assuring Celtic fans he had saved the Ibrox club. As events unfolded in Glasgow, the under-fire owner was 150 miles away behind the locked gates of his Highland castle. His PR advisers fended off requests for interviews and Whyte kept mum – until he was hoodwinked by a group of Hoops fans. In an exchange which began online but graduated to a phone conversation, the Rangers supremo appeared to believe he was in talks with a potential bidder for his club. And the sting culminated in Whyte boasting that he would be remembered as the man who saved Rangers. Whyte thought he was talking to businessman Stewart Henderson, who wanted to invest £10million in Rangers – but he was actually talking to Celtic fan website Huddleboard. A recording of the toe-curling 18-minute chat appeared on the internet yesterday. In it, Whyte says the club probably have debts of about £20million and “it would require 20, sorry, £10million up front” to pay off creditors. He claims there will be no tax liability after the insolvency process, adding: “£10million is enough to get us through to the end of the season.” The caller says he wants to stay anonymous, but Whyte warns: “If you want a quiet life, don’t invest in football.” And asked if he has any friends left in the media, Whyte says: “I don’t think very many, to be honest. “No, well, you know most people will remember me for saving Rangers. “That’s what I came to do, that’s what I intend to do. Idon’t have many friends left here. But that’s just life.” Asked about the possibility of fan ownership, Whyte said it was “one option” but “there are other options too”. He offers to get the administrators to send the caller information so he can “make the decision on whether you want to get involved”. But he refuses to take the bait when the caller says he knows “some heavy people” who could silence Whyte’s critics. Whyte replies: “I don’t need that. I’ll keep my head down and get on with business.” The prankster’s real name is unknown but he is a regularon football phone-ins, calling himself “Tommy in Glasgow”. Whyte gave his number tothe prankster after an email conversation purporting to involve several people. He tells Whyte he’s orginally from Possil in Glasgow but now based between “Melbourne, New York and Silicon Valley”. The hoaxer phoned Whyte back yesterday. After a failed attempt to get him to slag off Sir David Murray, he admitted he was from Huddleboardthen ended the call. Friends of Whyte were surprised he fell for the stunt. A spokesman said: “Mr Whyte won’t react to what is nothing more than a silly prank.” Quote
capitalsharpie Posted March 7, 2012 Report Posted March 7, 2012 Live linky to the hun 'drama' http://www.bbc.co.uk/sport/0/football/17285309 Quote
Tyrant Posted March 7, 2012 Report Posted March 7, 2012 I am so fed up of being told by huns and tims that we need them Agreed. They weren't remotely bothered about that a few years ago when they were both sucking anyone's cock who they thought could get them playing in England. Quote
Penfold Posted March 7, 2012 Report Posted March 7, 2012 Rangers director Dave King fears the club will not exit administration and that liquidation is "inevitable". In a statement, King said the club's owner Craig Whyte has "abused the loyalty of fans" by mortgaging future sales of tickets to Ticketus. King also claims that Sir David Murray had no knowledge that proof of funds supplied by Whyte to purchase the club was secured by season ticket sales. The South Africa-based businessman said the club's plight "grieved him". King, who remains a non-executive director of the troubled Scottish Premier League club, met administrators Duff and Phelps two weeks ago to discuss the current financial situation. He was previously involved in takeover talks with the club, who were forced into administration following action from HMRC over a £9m tax bill. Along with fellow-director Paul Murray, King also made a late bid for the club to prevent the eventual successful takeover by Whyte. King invested £20m in the club in 2000 and is the second-largest shareholder, but has been hit with a £250m bill after losing a 10-year battle with the taxman in South Africa. In his statement, King said that he intended to remain involved with the Glasgow club and had approached the Scottish Football Association to approve him as a "fit and proper person" in control at Ibrox. "I intend to remain involved with the club, at least on my present basis, post-reconstruction if that is at all possible under the new ownership structure," said King. "I am however alert to the raw sentiment around the need for Rangers to have 'fit and proper' persons at its helm. "In view of my own well-publicised and acrimonious legal disputes with the authorities in South Africa I have taken it upon myself to approach the SFA in that regard in advance of considering an increased role in the club going forward. I will be guided by the SFA's response in that regard." Quote
BigAl Posted March 7, 2012 Report Posted March 7, 2012 Fit and proper person Guess it depends if you use our definition or the Rangers one. looks like if you use their one, then King is your man Quote
Mentorred Posted March 7, 2012 Report Posted March 7, 2012 Soon game day will be here and we will be back to, we are waiting till next week so they can concentrate on the game. Quote
glasgow sheep Posted March 7, 2012 Report Posted March 7, 2012 Soon game day will be here and we will be back to, we are waiting till next week so they can concentrate on the game. ah but don't forget, on account of them being shit, they don't have a game this weekend. Quote
Graeme_S Posted March 7, 2012 Report Posted March 7, 2012 Cuts delayed now till Friday. seems they are putting all their eggs into this Paul Murray consortium's basket and hoping he can save the club. Duff and Phelps statement 1. "We are announcing today we are accelerating the sale of Rangers Football Club. The club is in a perilous financial situation and that should not be under-estimated. Regrettably, we have been unable to agree cost-cutting measures with the playing staff on terms that will preserve value in the business. We understand the players' position as the scale of wage cuts required to achieve these savings without job losses were very substantial indeed... 2. "In view of this, we are faced with a situation of making redundancies within the playing staff on such a scale that would materially erode the value of the playing squad. We are striving to strike a balance where cost-cutting measures can be implemented but do not destroy the fabric of the playing squad to the extent that it will inhibit the prospect of a sale... 3. "However, no one should be in any doubt that in the absence of sufficient cost-cutting measures or receipt of substantial unplanned income, the club will not be able to fulfil its fixtures throughout the remainder of the season... 4. "As a result, we are expediting the sale process and over the next few days we will be holding discussions with prospective purchasers who have declared their interest. The Manager, Ally McCoist will play an integral part in these discussions. If, however, it becomes apparent that the sale process cannot be accelerated there will be no choice but to implement very severe cost cutting measures at the club." Quote
BigAl Posted March 7, 2012 Report Posted March 7, 2012 Wriggle, wriggle, wriggle....these fuckers are going to wangle their way out of the shit....... Can anyone really say they'll be surprised, when you've got gutless arse licking football authorities, other club chairmen and press. Any other club (apart from the green coloured cheek of the same arse) would have long since gone up in a puff of smoke. To be honest, even if they do go under and get straight back in the top league in a new guise, I think I'll struggle to keep an interest in the prehistoric corrupt organisation that is Scottish Football. Self centred cheating corrupt bastards the lot of them Quote
glasgow sheep Posted March 7, 2012 Report Posted March 7, 2012 All the eggs in one basket it would seem. I must say I like the suggestion they won't be able to play all their fixtures Quote
BigAl Posted March 7, 2012 Report Posted March 7, 2012 I must say I like the suggestion they won't be able to play all their fixtures You just know that isn't going to happen though. Surely you've heard that Scottish football needs Glasgow Rangers FC Quote
tlg1903 Posted March 7, 2012 Report Posted March 7, 2012 what happens to the tax case if they become insolvent before the verdict? Quote
Graeme_S Posted March 7, 2012 Report Posted March 7, 2012 At the very least, there'll be no european football for them... Duff & Phelps statement: "As regards the club playing in European competitions next season, there is no realistic prospect of the Club being able to fulfil its obligations prior to the March 31 deadline set by UEFA. "There are four main reasons for this and they lie in the stewardship of the club prior to going into administration. First, as we have stated from the outset, the likelihood of the club being able to emerge successfully from administration before this deadline as indicated by the chairman was, at best optimistic given the perilous financial situation at the club at the time of insolvency... Administrators' statement continued: "Second, the company accounts cannot realistically be signed off by auditors in a manner that would meet the criteria required by the footballing authorities. Even if the audited financial statements are issued prior to the end of March 2012 we would expect them to be qualified by the auditors such that under UEFA requirements the club will have to satisfy a going concern test confirming how it will continue to be funded until the end of next season. Without knowing who will be the owner of the Club at 31 March, it is impossible to provide suitable comfort in this respect. "Thirdly under UEFA regulations the club must have paid or come to a satisfactory settlement with all social taxes that were outstanding at 31 December 2011. We estimate those social taxes (being PAYE and NIC) to be at least £5m. We cannot now see a scenario where those taxes will have been paid or compromised to the satisfaction of HMRC by the end of March 2012. "The final major hurdle is that the club must have paid or compromised all of its outstanding "Football Creditors" prior to the deadline of 31 March 2012. That issue is again extremely unlikely." Duff & Phelps add: "There has, perhaps inevitably, been speculation about Rangers Football Club facing liquidation. As we have stated previously, we remain very confident that Rangers will not cease to exist and the team will continue to play at Ibrox. "If a Company Voluntary Arrangement is not possible for any particular reason, any buyer of the Club and its assets would complete that purchase through a sale by the Administrators allowing the Football Club to continue to operate with the old company then being placed into liquidation prior to dissolution... "We are, however, doing our best to ensure the Company trades viably during administration and this will require a rigorous cost-cutting programme. Our preferred option remains to reach a point where a Company Voluntary Arrangement is reached and the Club can emerge from administration as a viable business within its existing corporate shell. "As stated there is a possibility that if a new buyer is identified a financial case may be made to sell the business and assets of the old company, but that is not our preferred approach at this time. "We are aware of the statement from Mr King. We note his comments regarding the Ticketus arrangements but as this issue is subject to ongoing discussion and examination, it would be inappropriate for us to comment further..." Quote
tom_widdows Posted March 7, 2012 Report Posted March 7, 2012 Of course if they are indeed liquidated and then re-emerge as a new club they wont be able to play in europe until season 2015-16. You have to be registered with Uefa for 3 years before you are allowed into the champions or Europa league Quote
tom_widdows Posted March 7, 2012 Report Posted March 7, 2012 And they are out of Europe! http://www.bbc.co.uk/sport/0/football/17287929 Rangers will not participate in European competition next season Rangers' administrator has conceded that the club are unable to meet Uefa's 31 March accounts deadline and will not play in Europe next season. Duff & Phelps said owner Craig Whyte's view that Rangers would exit administration on time was optimistic. Paul Clark blamed the decision on being unable to sign off accounts under Uefa criteria, a failure to pay taxes and not agreeing a deal with creditors. He remains confident that the club will continue to exist and play at Ibrox Quote
BobbyBiscuit Posted March 7, 2012 Report Posted March 7, 2012 Cuts delayed now till Friday. seems they are putting all their eggs into this Paul Murray consortium's basket and hoping he can save the club. Paul Murray saying any offer he makes shall be loaded with conditions, i.e. Ticketus and hmrc situations cleared up etc. No one in their right mind could buy that shambles, they've got little to no money coming in. Quote
Mentorred Posted March 7, 2012 Report Posted March 7, 2012 ah but don't forget, on account of them being shit, they don't have a game this weekend. DOH!!! Forgot this was SC weekend. Quote
Madbadteacher Posted March 7, 2012 Report Posted March 7, 2012 http://www.bbc.co.uk/sport/0/football/17283441 The fucking fuckers will fucking well worm their way out of this yet "conditions"......probably "Gonnae no dae that again" Quote
capitalsharpie Posted March 7, 2012 Report Posted March 7, 2012 This delay is a fucking scandal They are playing a squad they cannot afford. This is cheating. If this was any other club they would be left with a half a groundsman and a tea lady. Quote
dave_min Posted March 7, 2012 Report Posted March 7, 2012 Of course if they are indeed liquidated and then re-emerge as a new club they wont be able to play in europe until season 2015-16. You have to be registered with Uefa for 3 years before you are allowed into the champions or Europa league Aye, but when they buy Cowdenbeath or whatever and rename them "Cunts 2012", they'll be straight back in. Quote
maverick sheep Posted March 7, 2012 Report Posted March 7, 2012 I wonder if the media will spend such a vast amount of time representing those of us offended by them getting away with this criminality, as they are doing quoting the bleating huns on how "it's all pure unfair and pure bad byraway cos weer real fans who deserve wur club and it's ok to want kaffliks deid cos weer a big team an no surrender byraway" Quote
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