Rangers Banter Archive February 13 2012

13 Feb 2012 23:14:44
Ed where is Tony hiding ? not heard from him in a while , round about 28th December i believe . {Ed001's Note - ?}

13 Feb 2012 22:54:40
i also dont get this best scenario for rangers business by going into administration. does that mean that anyone can just collapse a business when we dont likw to pay our dues. it is hardly patriotic to refuse to pay your nations dues. dont we all pay our taxes at source each month direct from our payroll? if he is allowed to get away with this the rangers fans should walk away or stump up the tax bill. do rangers think they are bigger than the uk and the flag they fly. then dont bloody cheat.

Patriotic, where you fae ya numpty, i bet u live abroad and dont pay tax into the hmrc either... person bawz yi ur

What's the point to this post

Yes. i do live abroad. and pay tax into the german system at a higher rate than i would do in the uk. i live in germany, pay german tax. I PAY TAX. dont cheat.

13 Feb 2012 22:38:54
man you people really know how to fight for your club! how many at ipox tonight?didnt even look like 100.hope more turn out to watch the doors get padlocked

13 Feb 2012 22:12:23
Statement from Rangers that fans season books are safe for the remainder of this season and next.

What does this really mean though:

1. Give us your money for next season's books.

2. The following 2 seasons are unsafe.

13 Feb 2012 22:06:44
History,achievement ,trophies,players ,fans,platitudes,all these pale in the shadow over our great,proud club,we will overcome,with fortitude,and a dented pride,to once again,stride the opposition of Scottish football,where we belong,thats the future of our great club,THE GALLANT PIONEERS.AS the club motto says READY.An we will be

Ready for div3 cos thats where your heading

Well said poster ignore the idiot

13 Feb 2012 21:54:31
This is a very clever move by rangers,if the taxman wants any money at all then he will have to come to some sort of deal before administration or he gets nothing.

Precisely.
this is CW throwing down gauntlet to HMRC.

HMRC can block administration if they know that it is being done for the soul purpose of getting away with paying tax, which it is....therefore liquidation looks more likely


taco

On the other hand, as the main creditor HMRC can reject Rangers entering into a Company Voluntary Arrangement. That way the administrator by law must seek to realise as much of Rangers assets to pay the debt to HMRC. Sale of Ibrox, players, etc.

See ya, wouldn't want to be ya.

They can't stop a business going into administration Taco you moron.

Taco is right.HMRC can stop admin

Mr whyte aint in a position to throw down the gauntlet to anybody.

You call me a moron?

maybe that's why your mob is in such a mess. i actually know what i'm talking about, and if you put as much effort into trying to help your beloved team as you do with pointless, nameless comments with nothing to back it up, then maybe you would be in a better position to try an educate the rest of us

apology accepted



taco

13 Feb 2012 21:46:58
all gers fans.forget this 1 month in admin n be debt free nonsense.your bills ratchet up every day.home game on saturday,police fees,stewards,hotel bills,coach company you see where im going? your in a cycle of toxic debt.already theres 800k to hearts in june,250k for celik,20k per month for cousin(which im sure HMRC are gonna love!) its never ending. liquidation now looks more real than admin

Aye very good pal. We'll just wait n see whit happens, but thanks for gash opinion timmy boy!!

Don't talk p!sh.

Just facts dopey. you think you get all that for free? tic toc the taxman cometh

13 Feb 2012 21:38:34
to all these gloating celtic fans coming on here wishing rangers to go bust ,forget about the board and directors and highly paid players ..what about the hundreds of people who will lose their jobs with families to keep

Perhaps the Rangers directors should have thought of this, rather than trying to pin a guilt trip on Celtic fans.

And Rangers fans have been getting told this for months and you all ignored it. Look in the mirror mate.

A job is no gift and not ever guaranteed.. If you work hard and are good at it im sure youll find another, the club is the most importan thing here
FauldsRFC

13 Feb 2012 21:36:41
All Rangers fans attending Saturday's game against Kilmarnock, if possible please be in your seats an hour before kick off to show your support and loyalty in the face of adversity. Bring Flags, scarves and banners, make Ibrox rock and send out a message to those wanting to see out demise! We are the people! Anybody doing this let us knowvin the reply box, anybody not, unless you simply cant, you are not a true fan WATP!

Watp

whens admin time people ?

lenny

Brilliant! one hour before kick off? that will scare whyte eh.

Well said mate that's exactly what we need to do is get behind the team and Super Ally I know I will!!

13 Feb 2012 21:29:38
Why don't we sell murray park and rename the stadium that would bring in alot of money,but that makes me think that whyte has something up his sleeve.only time will tell,at the end of the day it's us fans that matter no fans no club WATP.

David Murray owns Murray Park. You lot are fecked.

You dont own murray park!

Rangers do not own murray park david murray does ! U all bang on about ur "great club" and half of u dont even understand how ur "great club" is being run ! Remember to turn the lights off on ur way out !

Pedro Sanchez

13 Feb 2012 20:47:53
Ed when we go into admin you say players will have to go.... When is that mate? In the summer? Would we not be out of admin by then? I mean the likes of Gregs (high wage) wouldn't just be let go would he? {Ed001's Note - it depends, any teams come in that still have an open transfer window, they could take players now.}

They might cancel their contracts and make them free agents to get them off the wage bill

13 Feb 2012 21:29:28
Sorry ed, my post disappeared before I had finished my point (rant! Lol). No idea where it went but sorry anyway. And now can't b bothered rewriting cos I find celtics response to rangers news/financial situation all a bit dull and quite frankly predictable! Jay

13 Feb 2012 21:27:08
.....News Just In........

It has just been reported that
Craig Whyte still owes David Murray
The £1 for buying Rangers FC,
A spokesman for Mr whyte said
"we are working on a payment plan
to repay this debt as soon as we
can" Timalloy (Paradise News)

Watch out for the tumbleweeds rolling past..zzzzzzzzzzzzzzzzzzzz as per.

Was that a joke? Aren't jokes mention be funny lol? Sounds like the timmys are annoyed cos our spirits not broken yet?

People with no soul have no spirit to break


taco

13 Feb 2012 21:20:34
Whyte will offer to pay a % of ALL our debts or take us into admin, take our medicine and pay out hehaw. He will then sell to someone with money or more likely trade under a new name (Glasgow Rangers) with no debt but a much more prudent attitude, ie no more Flo's
BB

@BB;utter rubbish.try some research on admin.

13 Feb 2012 21:09:30
There won't be a deal from HMRC as it will set precedent for other clubs who will be pursued to make deals aswell. Thats why the admin intention has been lodged as a threat, but the HMRC will prefer to get next to nothing from Rangers following admin and get the full amount from premier league clubs than accept a deal and have to do the same for others.

What premier league clubs? With all this inside info you must no that... Do you work for HMRC? Clown

13 Feb 2012 21:06:19
It saddens me to see so many venomous comments from Celtic fans here on Rangers pages.

I've never logged onto Celtics pages as they are not our business, and they should do the same.

I fully understand the hype surrounding what might happen to us, but believe me, when the penny drops they will awaken to see that sadly or otherwise we really DO NEED EACH OTHER for the game to survive here.
An old firm derby - Partick TH v Celtic --- sounds wonderful doesn't it ? I dont think so.

No.but rangers in div 3 sounds great!

13 Feb 2012 21:03:07
all gers fans:if you really want to know the REAL chance of rangers getting a CVA check out paul mcconville's twitter article.this might be liquidation not administration! all there in black and white..

13 Feb 2012 20:57:46
Given the serious situation that faces Rangers (anyone otherwise minded needs to take a reality check) is it not time the various Rangers supporters groups combined to try and get involved with the business men who support the club and seek advice as to what if anything we can do to influence the future safety of the club. Really do believe we need a real leader to emerge dare i say like Mr Dempsey at Celtic year ago who managed to get Fergus McCann to rescue Celtic, and before anyone gets the wrong idea i am a Rangers Season ticket holder,but just wonder where we start or go to get a Save Rangers Movement of the ground.

13 Feb 2012 20:35:19
Just out of interest does anybody know of any legal reasons that would stop an associate of Whytes buying an English team like Leyton Orient, changing their name to Rangers Football Club, their strip to blue and white, and their home stadium to Ibrox? As far as I can see there is nothing to stop this. Rangers as we know them liquidate and then Whyte or someone else buys Orient does what I've mentioned and suddenly Rangers are in the English leagues. Whilst I agree that this is a highly unlikely scenario can anyone think why it wouldn't work?

GovanFR

Yeh the 40,000 season ticket holders are not going to travel every second weekend to London. So they would get the same crowds as they are at the moment. The clue is in the name GLASGOW Rangers

The orient fans might have something to say

How many times....there is no GLASGOW RANGERS

13 Feb 2012 20:44:54
HA HA HA HA!!!!

Is that you teddy bears finally got your heads out of the sand.

I see you lot still have your heads in the sand, why haven't you been dominating these past few years? Oh wait you don't ask that do you.

Small minded moron, I wonder which football team you support. Could it be the one that has 42 of a first team squad and has not won the league for three years and might get it this year by default!!!

It might just be that your last 4 EBT paying players titles are by default to

Lubo25

13 Feb 2012 20:29:28
If we go in to admin how many years until we will be back strong and better financially?

13 Feb 2012 20:27:36
Former Rangers chairman Sir David Murray could buy the club back under the terms of his deal with Craig Whyte.

Murray, who owned the SPL club from 1988 until selling to Whyte in May 2011, inserted a clause in the purchase sale agreement allowing him to regain ownership under “certain circumstances”.

Speaking to STV, former Rangers chairman Alastair Johnston confirmed there was a possibility Murray could regain control, but he was unlikely to step forward in the current climate.

“There is some recourse that could allow Sir David Murray to buy the club back,” said Johnston.

“Options are available to Sir David under certain circumstances.

“But I don’t think he wants to do it and I don’t think the banks would allow it.”

Rangers filed papers at the Court of Session on Monday signalling their intention to appoint an administrator. The club now has ten days in which to announce administrators have assumed control.

Whyte’s Rangers FC Group acquired 85 per cent of the shareholding in Rangers from Murray International Holdings for £1.

He subsequently cleared a £18 million debt to Lloyds Banking Group but has threatened to take the club into administration, if HM Revenue and Customs do not compromise over a potential £75m tax liability.

Enough already with this murray nonsense! do some research..liquidation looks more likely now.whytes dodgy past has caught up with him.

13 Feb 2012 20:15:50
whyte gets his 18m back and gets the land murray park in on for a snip.

13 Feb 2012 20:07:36
Any Rangers fan still daft enough to buy a Season Ticket for next year ?
p.s. All monies to be paid next month direct to The Administrator .

In all likeliness we will be out of administration before the end of March, with renewals in May. Yes I will renew, why wouldn't I?

GovanFR

GovanFR normally your posts are quite sensible but do you honestly think you are going into admin for 1 month. You have all your debts to pay off Ticketus craig whyte the taxman police stewards wages etc if you think that can be done in 1 month then you are in cloud cookoo land.

Ian

GovanFR@ as you have always struck me as a sensible ger,check out paul mcconvilles twitter post.not good news mate.A Tim

13 Feb 2012 20:05:10
I just saw of Sly Sports NEws that they've quotes Craig Whyte as saying that the tax bill "could reach up to £75m"

Check it yourself - It's repeating along the ticker at the bottom of the screen now.

How can this be true? I thought that the £49m included late fees and penaties etc. So where is he getting the £75m from then?

Any help?

If Rangers had agreed HMRC findings at the outset this was the possible amount,it continue,s to rise on a daily basis as with any debt.

It doesn't continue to rise on a daily basis. once a fugure has been given, that's it.

what looks likely to have happened is, HMRC impose their penalties by the seriousness of the fraud up to 100%. so, lets say the original bill was for 32m, they added 50% (16m, making it 48m) because they deemed it pretty bad in the grand scheme of things, but now after digging deeper, they have increased the penalty to 100%, meaning doubling the amount of the original tax owed, then added on interest


taco

13 Feb 2012 20:01:20
www.rangers.co.uk/news/football-news/article/2609811

the q & a on the official site is worth a click for anyone who hasn't seen it. info here on why the club has taken the action today prior to the verdict on the tax case

time to support the team. its our club.

Mr Whyte, now would be a good time to share than plan of yours

This was his plan. the only difference is, you lot never wanted to listen to the truth


taco

13 Feb 2012 19:59:52
its a sad day its come to this, i remember the early nineties and Rangers fans were dancing on our graves.........Lest we forget!! swings and roundabouts , what goes around and all that....RIP
bHRYDO bHOY

13 Feb 2012 19:58:06
�We will never hide from it. Never fear, inevitably we shall have our years of failure, and when they arrive, we must reveal tolerance and sanity. No matter the days of anxiety that come our way, we shall emerge stronger because of the trials to be overcome. That has been the philosophy of the Rangers since the days of the gallant pioneers." - Bill Struth

Im afraid this is the 21st century mate.

13 Feb 2012 19:50:43
I think the gloating from across the city is hilarious. In the past three years, against a faltering, failing club they can claim to have ZERO league titles and believe that wee ginger ned is the man. We will survive and come back stronger. WATP

I have said for the past few years Celtic as a club have missed a massive opportunity. Imagine if we hadn't had champions league football in those seasons.

GovanFR

Your spot on....You are a faltering failing club! goodnight and god bless....Bhrydo bhoy

13 Feb 2012 19:44:22
not in administration yet.......but looks likely!

13 Feb 2012 19:43:48
where is jim mccoll and the do-gooder,
tom hunter,so called big gers fans?
watp

Your a toxic financial mess! hunter is busy saving starving kids.

13 Feb 2012 19:41:46
Put out the game by the instrument of the crown. A union benefit lads so ironic

We are not and never will be OUT of the game. That 'll be the same crown that pays you giro?

13 Feb 2012 19:29:22
Today all your skeletons are out
of the cupboard. I lived through all
the gloating Rangers fans gloating
when we were having our money
problems, but Celtic fans stood up
and were counted and saved our
world famous club.
We Tims remember the hearse, the
cracked celtic crest, the villifying
of wee Fergus (an HONEST MAN)
We will not forgive or forget your
jibes and so our ice cream and
jelly will taste so much better
tonight. You reap what you sow
Karma, even better seeing Jim White
on Sky, almost crying reading out
the news.
SO LONG IT'S BEEN GOOD TO KNOW YOU
Timalloy

"SO LONG"..... Oh well, one good bit of news today, timalloy's leaving us.

pappy

More premature pash from Timalloy, still suffering envy and low self esteem sunshine, enjoy your jelly and cream and schadenfreude and don't worry about the innocents who may lose their jobs or homes, or don't they count.

Honestly Tim so long? you're not coming back? excellent!
Iam Legend.

You small minded dhims just dont realise no Rangers, no SPL. during the nine in a row years You so called best supporters in the world stop spending your hard earned giros to go to septic park, look at your average crowds for those years. Are you really going to turn out in your thousands to see the big derby match, Celtic V St Mirren, I think not and are sponsors and tv really going to pay big money for basically the Scottish equivalent of the Irish league, Have your day but be careful what you wish for, yes I gloated at your troubles but even as my worse enemy I would not wish for there to be no Celtic.

I feel your pain your bitter pain its not healthy to have so much resentment Timaboil.

Where are you going tim? we will miss you, not ger1952

13 Feb 2012 19:26:59
Ed is there any chance that we just really p!ss HMRC of an they say if that's your game we will bury ya? {Ed001's Note - yes, but it is highly unlikely they will do that, they want their money every year, not a defunct company paying nothing.}

13 Feb 2012 19:04:49
Ed do we still get to renew season tickets for next year cheers ...kenny {Ed001's Note - you should do as normal, the admin staff will want to bring in what they can.}

What they going to bring in from season tickets that money belongs to ticketus.


Ian

13 Feb 2012 19:27:06
I think Whyte is waiting till the last minute because he thinks the Scottish government or private inverters will step in to save the club.

The scottish government?why the feck would they?artybhoy

The Scottish government can't step in and save rangers. They did not do it for Motherwell Dundee or livingstone

13 Feb 2012 19:26:33
this would seem to be the best strategy, we go into admin for a month or so and be debt free and a big get it up you to HMRC or we don't do admin and owe HMRC 10's of millions and owe money for years to come. I hope it works out like that anyway >.

And why would you be debt free?

Rubbish! you will be in admin until ALL debts are paid.

If you lose the big case hmrc will bury you for trying to get out of it. no way will rangers go into admin for a month and come out smelling of roses if they lose it.

13 Feb 2012 19:10:17
For every pound Celtic spend Rangers will pay 10p to their creditors. How the times have changed.

Ian

A blue nose but funny

13 Feb 2012 18:54:27
So whytes plan is finally starting... Telling HMRC take this or youl get sweet FA.... That's a man wi no shame, an he owns our club! Fair play where it's due though because he's got bigger baws than murray - Murray new if he was still incharge this is what HE would have to do an he was to much of a p-ssy to do it incase he lost his "sir"... So can't believe I'm going to say this but "come on whyte my son get it right up the lot of them!". PaulRFC

Why did he tell us all the lies? 25 million pound over 5 years, total conman and wont get a penny more off me, club can't go forward with thus crook in charge.

@paulRFC; i would be very wary of getting too militant with HMRC.ever heard of a winding up order?

Above post spot on, hmrc will bury rangers if you lose the case and try to wriggle out of it, you lose the case they can and most likely will appoint themselves as the administrators.

Guys, let the whole story come out first. Still a few things to come out in the wash.

13 Feb 2012 18:37:51
The reason for goin into admin is to force hmrc hand. Admin means that if we lose the tax case then the 49million would need to be paid by rangers football club which we cant afford so we would go into liquidation so hmrc wouldnt get anything. So by going into admin its to try and force hmrc into a deal of a lesser payment and save us going into liquidation

Its not about getting the money for HMRC its about sending a message, they couldnt give 2 f***s if you went into liquidation.

Utter rubbish.if HMRC issue a winding up order thats it! players contracts ripped up,every thing sold that can be. whyte loses his preffered creditor status as he led the adminstration.

13 Feb 2012 18:26:22
While the dhims are all gloating over our so called demise,it aint over yet,my love for Rangers will always over ride my loathing of all things Ceptic,your crappy stadium,crappy celebrity fans,your manky shirts,We will be back ,bigger better than ever,so dont choke yet,save it for the last game of the season,as usual.

I feel your pain bro.

Celtic Park is bigger than Snake Mountain, has a massive regeneration of the area around it and can afford to keep the lights on.

What a nasty little person you are.its people like you that give decent gers fans a bad name. try some jelly n ice cream n cheer up

For someone who says there love for the club means more than hatred of all things celtic you sure mention celtic a lot lol.

Save it for the last game, mate already 4 points ahead, 14 if you go into admin, we could lose the last 3 games and still win. your mob are spent live with it

13 Feb 2012 18:21:13
Putting the club into a cva sounds a very clever idea as no points deduction and European football

Do you even know what that means? utter rubbish

Lol,aye & havin 2 sell wotever assets are available ,and was all lies eh,now the ostriches heads are out the sand!!!!!!!!!!!

13 Feb 2012 18:15:50
Rangers should act fast and bring out rangers tissues make a rocket with all yous greeting,

Why the daft Celtic fans keep sayin wer greetin? Rea the comments.. No ones that worried yet haha so fk aff n stop talkin gash, youse wish eyes could bring us down!

Aye would make a rocket and send you back to the moon!

13 Feb 2012 17:50:54
Sorry ed will we still be able to sign soni aluko at end of season ...kenny {Ed001's Note - if the club goes into administration, all those decision will be in the hands of the administrators.}

13 Feb 2012 17:27:22
Anybody know what this means regarding cousin?

Hes signed still with us

You can sign him before going into administration. If/when administrator appointed he won't allow any more singings!

DazzaBhoy

Doesn't mean anything, he signed already hes a full time player the same as the rest of them.

Last in first out he's first to go.

13 Feb 2012 17:25:39
Glasgow Rangers more than a club's Profile
Glasgow Rangers more than a club
Rangers Statement

Mon, Feb 13, 2012
The Rangers Football Club plc has today announced it has filed a notice of intention to the Court of Session in Edinburgh to appoint administrators.

The Club will conduct its business as usual and will not be in administration until it decides whether to formally proceed with an application to appoint administrators.

Until such time, the Club will not face any sanction from the football authorities in terms of points deduction within the Scottish Premier League.

Sanctions such as a 10-point deduction will only apply if the Club proceeds with the appointment of administrators. It is expected to be 10 working days before a decision is made whether to appoint administrators.

Suppliers to Rangers Football Club and the Club's business partners and sponsors are currently being informed of today's announcement and arrangements between the Club, suppliers and creditors will continue as normal.

There will be no impact on season ticket holders and shareholders. Season tickets will continue to be valid for this season and any commitment to a season ticket for next season is secure.

The Club is continuing to have dialogue with HMRC in the hope that a formal insolvency procedure can be averted and has put forward pragmatic proposals.

The Club's owners believe there is no 'realistic or practical' alternative to this course of action in order to secure the long-term future of the Club.

Should administration take effect, the Club is proposing a Company Voluntary Arrangement (CVA). The Club wishes to seek the protection of a moratorium from HMRC action whilst a CVA proposal is made to creditors. The Club has put forward a CVA proposal to HMRC in which creditors would be paid and provision made for the legacy HMRC case, commonly known as the 'big tax' case.

This, if approved by creditors within a month, would minimise any points deduction and enable the club to participate in European football next season.

The Club has engaged Duff and Phelps, a specialist restructuring practice to assist in finding a solution to the present position.

Should the Club proceed into administration, the appointed administrators will in all likelihood implement a cost-cutting programme and staffing levels will be reviewed across all departments of the Club's business.

Rangers chairman Craig Whyte said there is no 'realistic or practical' alternative to this course of action due to a combination of the Club's ongoing financial situation and the impending result of the HMRC first tier tax tribunal. The tribunal relates to a claim by HMRC for unpaid taxes over a period of several years dating back to 2001, which, if decided in favour of HMRC, could result in liabilities and penalties substantially more than the £50 million reported which the Club would be unable to pay.

Further investment in the Club from any source would be impossible as the threat of winding up by HMRC cannot be removed. The Rangers FC Group, the majority shareholder in the Club, is prepared to provide further funding for the Club on the basis the funding is ring-fenced from the legacy HMRC issue.

Mr Whyte said: "It is extremely disappointing the Club's finds itself in this position but decisions have to be taken to safeguard the long-term survival and prosperity of the Club both on and off the field. The harsh reality is that this moment has been a long time coming for Rangers and its roots lie in decisions taken many years ago. If we do not take action now the consequences and the risks to the Club are too great.

"In addition to the HMRC issues, it has been abundantly clear to me the Club faces serious structural and financial issues which will continue unless they are addressed.

"There is no realistic or practical alternative to our approach as HMRC has made it plain to the Club that should we be successful in the forthcoming tax tribunal decision, they will 'appeal, appeal and appeal again' the decision. This would leave the Club facing years of uncertainty and also having to pay immediately a range of liabilities to HMRC. Even if the Club were to succeed in the tax tribunal, it would still face substantial liabilities. Zero liability will not happen.

"Whilst it appears that a consensual restructuring looks unlikely outside of a formal insolvency procedure, the above steps, if agreement cannot be reached with HMRC, will bring an end to the legacy threat of closure and will provide stability required to enable the required investment to be made into the future of the Club.

"I can, however, reassure Rangers supporters that the Club will continue and can emerge as a stronger and financially fitter organisation that will compete at the levels of competition our fans have come to expect.

"At this point I would ask all Rangers supporters to continue to show the tremendous support they have shown to the Club, Ally McCoist, his management team and the players."

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Status update
By Glasgow Rangers more than a club
Rangers Statement

Mon, Feb 13, 2012
The Rangers Football Club plc has today announced it has filed a notice of intention to the Court of Session in Edinburgh to appoint administrators.

The Club will conduct its business as usual and will not be in administration until it decides whether to formally proceed with an application to appoint administrators.

Until such time, the Club will not face any sanction from the football authorities in terms of points deduction within the Scottish Premier League.

Sanctions such as a 10-point deduction will only apply if the Club proceeds with the appointment of administrators. It is expected to be 10 working days before a decision is made whether to appoint administrators.

Suppliers to Rangers Football Club and the Club's business partners and sponsors are currently being informed of today's announcement and arrangements between the Club, suppliers and creditors will continue as normal.

There will be no impact on season ticket holders and shareholders. Season tickets will continue to be valid for this season and any commitment to a season ticket for next season is secure.

The Club is continuing to have dialogue with HMRC in the hope that a formal insolvency procedure can be averted and has put forward pragmatic proposals.

The Club's owners believe there is no 'realistic or practical' alternative to this course of action in order to secure the long-term future of the Club.

Should administration take effect, the Club is proposing a Company Voluntary Arrangement (CVA). The Club wishes to seek the protection of a moratorium from HMRC action whilst a CVA proposal is made to creditors. The Club has put forward a CVA proposal to HMRC in which creditors would be paid and provision made for the legacy HMRC case, commonly known as the 'big tax' case.

This, if approved by creditors within a month, would minimise any points deduction and enable the club to participate in European football next season.

The Club has engaged Duff and Phelps, a specialist restructuring practice to assist in finding a solution to the present position.

Should the Club proceed into administration, the appointed administrators will in all likelihood implement a cost-cutting programme and staffing levels will be reviewed across all departments of the Club's business.

Rangers chairman Craig Whyte said there is no 'realistic or practical' alternative to this course of action due to a combination of the Club's ongoing financial situation and the impending result of the HMRC first tier tax tribunal. The tribunal relates to a claim by HMRC for unpaid taxes over a period of several years dating back to 2001, which, if decided in favour of HMRC, could result in liabilities and penalties substantially more than the £50 million reported which the Club would be unable to pay.

Further investment in the Club from any source would be impossible as the threat of winding up by HMRC cannot be removed. The Rangers FC Group, the majority shareholder in the Club, is prepared to provide further funding for the Club on the basis the funding is ring-fenced from the legacy HMRC issue.

Mr Whyte said: "It is extremely disappointing the Club's finds itself in this position but decisions have to be taken to safeguard the long-term survival and prosperity of the Club both on and off the field. The harsh reality is that this moment has been a long time coming for Rangers and its roots lie in decisions taken many years ago. If we do not take action now the consequences and the risks to the Club are too great.

"In addition to the HMRC issues, it has been abundantly clear to me the Club faces serious structural and financial issues which will continue unless they are addressed.

"There is no realistic or practical alternative to our approach as HMRC has made it plain to the Club that should we be successful in the forthcoming tax tribunal decision, they will 'appeal, appeal and appeal again' the decision. This would leave the Club facing years of uncertainty and also having to pay immediately a range of liabilities to HMRC. Even if the Club were to succeed in the tax tribunal, it would still face substantial liabilities. Zero liability will not happen.

"Whilst it appears that a consensual restructuring looks unlikely outside of a formal insolvency procedure, the above steps, if agreement cannot be reached with HMRC, will bring an end to the legacy threat of closure and will provide stability required to enable the required investment to be made into the future of the Club.

"I can, however, reassure Rangers supporters that the Club will continue and can emerge as a stronger and financially fitter organisation that will compete at the levels of competition our fans have come to expect.

"At this point I would ask all Rangers supporters to continue to show the tremendous support they have shown to the Club, Ally McCoist, his management team and the players."

The Club has engaged Duff and Phelps, a specialist restructuring practice to assist in finding a solution to the present position.

I thought this was Craig Shyte's speciality so why has he brought this lot in.

Ian(Lets all do the conga) Black Lace

13 Feb 2012 17:18:58
Is there any way that we can donate to rangers If we live far away and can't get to games?

Yeah www.hmrc.gov.uk

Lenny

Now now lenny you nearly made me pms ,fab1

13 Feb 2012 17:40:56
Im a bit disgusted with some Rangers fans on here,firstly ,support the players,the boss,we can do nothing as yet about todays announcement,so ,before you have us closed down,get to the stadium on saturday,and support like never before,dont let the press,or the runners up get the upper hand,once a Ranger Always a Ranger,if you dont agree,you were never a true Ranger.The bluebells will forever be blue.

First thing a done was phoned the ticket line when a heard the news.
Dtp89

Disagree? A would say al bring a fkn bug "I'm here" sign for u to see, but u won't be at ibrox to see it cos your obv just a daft timmy tryin to be funny!
Clown!

Dtp89

13 Feb 2012 17:13:53
Keep the head boys... This was always going to happen an it's for the best and if this is whytes plan kicking in we have to bear it. I for one welcome admin over liquidation off course because starting a new RFC would tear my heart out..it may take time to get back but atleast we will still be RANGERS FC an not a new brand... let the current board an old guard throw their mud at eachother just make sure our voices are heard the loudest from inside a packed ibrox... PaulRFC

13 Feb 2012 17:02:22
Ed do you think a power struggles about to start aswell because at the VERY least whyte cant meet the " prim an proper" SFA rule? PaulRFC {Ed001's Note - I think the power struggle started a while back, it was never an amicable takeover and there were always snipers hitting out at Whyte.}

13 Feb 2012 17:05:25
Surely now fans will recognise the villian of the peice is David Murray. He used Rangers FC to stoke his own ego and on the back of our club created a profile for himself which earned him a knoghthood. The intention all along has been for Whyte to take the heat and for Rangers to be sacrificed to protect MIH.

Rangers fans should now leave Whyte to sort the mess and turn their attention to having Murray stripped of his knighthood.

All Rangers fans are now duty bound to pack Ibrox at every game and support our club to the hilt. We have beleive that there is a better future

13 Feb 2012 16:54:45
Aparrantly Craig Whyte may talk to SSN, Jim White says he hopes to talk to him.

What time?

Whyte has dodged every news organisation that goes against him! He only turns up to unfurl flags and wave Weir off. He won't be giving interviews to anyone!

DazzaBhoy

He had the balls to spk to sky Dazza and he was the only the only one with the bottle to take on the mess we're in! I for one think the guy deserves a chance to prove he's acting in the best intrest of our club...maybe if the 'billionare' penny pinchers at Porkhead had thrown some loose change about in the last 3 years you guys could've known how good it feels to be the champions!!

13 Feb 2012 16:53:11
This is all uncertainty, but it will be the road to recovery...... Despite what that ANIMAL at the piggery says, SPL will expel Rangers at their peril.... They need us, as much as we need the them and by the way thats a FACT !!!...... Listen Bears, I've got £80 in my wallet right now that I would hand over in a heartbeat, I have savings ( married 20 years, but I met Rangers before I met the wife ) I would dig into that also, am I alone ? Doubt it. Uncertain, but I still see a light and I will follow that light and follow the Rangers until this is resolved. AGer63. TicToc ma erse ! ( no matter what the chasers say ).....

Give money to who, to white he put it in his personal account

(peter lawell..we dont need those tax dodgers fact!)thats a 29 point swing and game set and match all in 1 day lol wow.. £80 bangers you ve got more than your owner get in there lol

We all have to do what we can to pull the club out of this mess

Rules are rules rangers must take the correct punishment, 3rd division.

That should be anger63 I fell your pain

13 Feb 2012 16:29:49
i'm sure ur really busy just now ed but jus wondered if u could update us all on exactly what this all means for rangers? Has the tax case been lost? What can whyte possibly be planning by taking us in2 admin if the case hasnt been resolved? Thanks ed
Ian {Ed001's Note - it is very difficult to tell anything without access to the accounts or knowing for sure the verdict in the tax case. Until the verdict is announced, it is not known and often the expected verdict is not the one given.}

13 Feb 2012 16:41:55
That's that then. Rangers are dead, no matter what happens it is not the same club IF it returns. Murray, assisted by Whyte, put us in this mess. The same people who have been sticking up for Whyte are the ones who were sticking up for Murray when he was selling off the profitable parts of the club to himself. We will never be the same again because why should anyone give their season ticket money to Whyte and trust him to use the money for Rangers
And not one of his apparently dodgy schemes. RIP.

13 Feb 2012 16:45:39
My Heart Is So Heavy, Very Sad Day.

Gus

Have some jelly and ice cream,and cheer up.artybhoy

13 Feb 2012 16:28:29
Well if it goes against us and we end up starting again, I will still be a supporter.
If the worst was to happen I look forward to watching match of the day, supporting no-one, and enjoying the football.
Scottish football will be as bad, if not worse than the Ulster crap we have over here WITHIN 5 years maximum.
Celtic supporters will gradually be going to their doctors to ask " how do we get rid of all this venom in my system " ?
Fingers. legs crossed - is there anybody out there with millions, daft enough to save us from a fate worse than death ?
please

13 Feb 2012 16:24:21
Bye Bye Rangers you will be missed em not lol

13 Feb 2012 16:21:43
Firstly a BIG BIG Well Done to the
Editor of Rangerstaxcase today he
has been Vindicated. As always the
TRUTH found a way of coming out.
Sad, Sad day for all the decent
Rangers fans, but when people
tried to warn you, all you did
was post insults and said it was all
a Tim conspiracy.
Rangers will enter administration,
but NOT liquidation, you will
still survive but in a much weaker
form for a few years.
Wee Fergus showed everbody the
way but sadly Murray and others
within Rangers knew better, this
is the price you pay for CHEATING!
Your only answer now is to chase
Whyte from Ibrox or he will
take your club further down.
Timalloy

Tim you posted the insults and I certainly haven't forgotten it, jokes and banter are one thing but you and some others posted insults so don't come on here saying you said this about Whyte etc because you didn't. So go away and enjoy your hollow title. There is more to life. Blue4ever

Timalloy you're a prat - you're delusional, has it been a personal crusade to find out the truth?
'a tim conspiracy?' on a day like today you've made my day! you are a paranoid android - yes you have no balls!
You lot don't post insults? It's a banter page ffs Gie's a break one's as bad as the other. If you were getting insults then you must of been liking it cos you were never away from this page and you're back on again! A saddo to nth degree!
Iam Legend

13 Feb 2012 16:13:13
Bears, we all need to remember who put us here. Shysters like Murray, johnston, McClelnad all presided over the moves and desicions which have shafted us!!

13 Feb 2012 16:03:36
When do we find out the results of the HMRC case??

I think administration tells you the answer to that, we lost.

13 Feb 2012 16:01:26
This mess clearly lies at the door of Sir David Murray.

What about passing the club to someone who will take the club forward. After months of pissing the true fans about, Whyte does this now. Shambles

If they can strip Sir Fred Goodwin of his honours then I'm all for the same being done to Sir David!!

Total joke!!

Hard times ahead but we need to stand strong to get the club back.

The Pilot!

Murray didnt file for admin ya nugget whyte is a con-man he is no1creditor but u wid already no that ??


T-bear

He not a sir in ma eyes anymore ... Kenny

Ah the old Queen. Knighting the man who ruined Rangers and coming after you for not paying your tax to her.

God save her right enough.

13 Feb 2012 16:01:02
Ed clutching at straws here. Do you think theres any chance the club diesn't know the tax outcome yet, and if it turns out they the case they can pull out of admin ? {Ed001's Note - yes, there is a chance that it is to put pressure on to get the judgement they want. Unlikely though, it is more likely that the debt and running costs were just so high it has proven impossible to get the club on an even keel without administration.}

13 Feb 2012 16:00:32
to all the real,decent rangers fans,you have been treated very badly by both murray and whyte.to all the we are the people gang,you were warned about this TWO YEARS ago but it was a tim noise up.the rangers tax case blog has been proved to be very accurate as has twitter and other social networks.ask yourselves this; where were the scottish media during this shambles?why were questions not being asked when murray was running up this huge debt?what about the due dilligence procedure by murray? whyte clearly has not got "off the radar wealth" or this would not be taking place.for the real decent gers fans i hope this works out for you. A Tim.

13 Feb 2012 15:59:23
Well if we go into admin we will have no. Debt 10 points off just gave the manky mob leugue this is a very sad day fellow gers watp ...kenny

@kenny;of course you will have debt.you have to pay ALL creditors over time thats what admin is! deals may be cut but you still face plsyers going in the summer and a scaling down of the whole buisness.

Your wrong we pay a small % of the debt,they come to an agreement of how much they pay ,for example 10 or 20 pence in every pound..ohh and you can't even spell go back to the runners up page.

13 Feb 2012 16:11:43
so rangers fc are in admin? after selling bougie and jelavic for a combined price of
8 million.. 25 million from ticketis, that 33 million! where has it all gone? and while it is now certain that white is dodgey... i think the man who has the questions to answer is sir david murray! he apparantly luvs the club.. well look at the state he left it in and the guy he has sold it to! how can the man have a knighthood if hes been doing dodgey stuff we the tax!

13 Feb 2012 15:44:34
Now that the inevitable has happened, what do think lies in store for us Ed?

TTG {Ed001's Note - hard to say, but there would have to be a points deduction when/if it happens. The question now is whether or not Whyte has planned and prepared with this in mind, or whether it has happened in spite of what he has tried to do? Though the answer will bring other questions, at least knowing that much gives an idea how close liquidation is.}

13 Feb 2012 16:06:56
i wish the rulers on the tax case would hurry up and decide the outcome as its ruining our club MOVE YOUR ASSES PLEASE !!!

No yer chairman & ex chairman ruined yer club

13 Feb 2012 15:45:25
Rangers no more it's over fellow bears
We've been shafted good and proper
Dark times in govan can't see us coming
Back from it lnsolvency last man out turn
Of the floodlights of and lock the front door :(

Its only admin not liquidation!

13 Feb 2012 15:56:13
the beginning of the end

13 Feb 2012 15:50:16
Time to take the head out the sand "usedtobethepeople" your all finished up. Move on and don't cry to much just think of Al the average players YOU made millionaires

Jamie mac(thankful we got Fergus)

Totally agree lol scroll down and have a scwatch at the..if we buy bricks post soo funny hail hail

13 Feb 2012 15:26:27
its over fellow bears

sad sad day
Mr Murray hang your head in shame

WG

Sad sad day indeed dont know what to say feel as if a part of me has gone

He`s let every rangers fan down putting our club in the hands of a crook, his dynasty has gone he built it and destroyed it along with any legacy he left at the club-gutted
stg

Yes d day has arrived previous board created the debt we will now see what Craig whyte is about we as supporters still need to stand behind the team and still look forward we are rangers

You were well warned but it was a tim noise up remember? tax case blog was rubbish etc.

13 Feb 2012 15:24:32
its burst gers go into admin-cheers cw and sir david
stg

13 Feb 2012 15:21:27
Anyone else seen the stv website? See we have applied to go into administration? Anyone else heard anything further?

RTID

13 Feb 2012 15:13:37
Twitter once again going crazy with rumours of admin. Papers were supposedly filed today, this is all apparently backed up by STV website. Seems strange that Cousin signing comes out roughly the same time on official RFC site?! What is going on at our club?

13 Feb 2012 15:10:29
Rangers have just lodged intention to go into administration with the court of session in Edinburgh.

Its finally happened :(

STV News

13 Feb 2012 15:07:29
Liverpool Fan here...
Sad to hear that a massive club like Rangers can go into Administration.

Thanks mate,pity about the runners up across Glasgow,they claim they dont need us,aye right,watch the crowds drop,Lawwell ,this comment will come back to haunt you.

Haunt us? for being a well run club! a small scale down if anything dont listen to the press,try jelly n ice cream that'll cheer you up.......

Scale down,be honest,you say you wont miss the old firm game,not much of a Celtic fan really,we will be back,and very soon ,dont forget,he who laughs.watp

13 Feb 2012 13:49:06
Celtic liabilities are 35.6 million. And total assets of 75.8 million. Rangers are 26.5 million in liabilities and total assets od 132 million. How come the press never pick up on this type of thing? These figures are from the LSE! Celtic are in more debt and have less assets! All this nonsense about rangers struggling to get by on a week to week basis is just the bbc and dalie record on a witch hunt. And another thing, when some one comes on here saying something positive about whyte or the tax case they get asked for their sources, but when its something negative, everyone accepts it? What has whyte even done? Remortgage tickets.....already been done by murry. Sold catering....done by murry. Paid of an 18 million debt and tx this to his company as secured creditor.....saved 3 million a season on interest! I do think whyte should.be more open n honest but its his business and free to run it as he sees fit. Honest.don't believe everything u read in the record/bbc

Craigie fae the 80's

Well said mate i think too many folk are jumping on the whyte bandwagon to slate him .ive always said give the guy a chance to show us AFTER the tax case is resolved one way or other what his plans are ..we couldnt keep spending money we dont have and after all the media bashing that he puts up with no wonder he keeps things quiet ....bigt

Please tell me where the £132 million of assets are?

Brilliant! if you two cant see the difference then stagger on blindly.how on earth are rangers liabilities 26m? what about the 18m to lloyds?what about the ticketus money? are those included in your figures? good old whytey,trust away guys.

Eh, seen the news guys?

Err administration says no

Eh it would appear we are struggling on a day to day basis. We are going into administration ya muppet

I think you've got rangers liabilities and assets mixed up lol!!

still in denial.....no wonder the club's where it's at


taco

13 Feb 2012 11:53:56
Just read Celtic interim figures
and although a wee bit disappointing
at least we PUBLISH our figures. A
message to Mr Whyte this is how an
HONEST club works, publish accounts
for everyone to see. We do not hide
our accounts.
Secondly, I see Whyte had a
meeting with Vanguard Bears to
tell them what is happening at
Rangers, why them you may ask?
well considering they probably
have a combined IQ of lets say a
PIGEON, you get the idea.
Whyte told them his legal advice
was HMRC cannot go back more
then 6 years, well this is WRONG,
HMRC have powers to go back any
length of time, if this is his legal
team, no wonder he loses all his
court cases.
Is it not time all you Rangers fans
started asking the questions all
other people have been asking for
years, or are you all so dumb
that you take everything this
guy says as gospel. Go and ask
some of the judges in court what
they think of Mr whyte? Timalloy {Ed001's Note - Whyte is not dealing with the HMRC court case anyway Tim, so he probably hasn't really looked into it. The standard length of time that can be looked at, for any kind of debt, is 6 years, after that length of time it becomes statute barred. That is probably what he was referring to.}

Wrong again Tim, anyway can you answer me why did Dermott Demond get a £50,000 renumeration payment as shown in your last accounts?
Iam Legend

Ed, Tim is right, tax evasion is void of any statute barring


taco {Ed001's Note - I know, but my point was that Whyte has no reason to have looked into it, as he is not the one who is dealing with the HMRC case.}

One minute you say he is wrong then in the next breath you concede that he is right? No wonder you lot are in the mess you are! {Ed001's Note - nobody said he was wrong, I just suggested what he might have been thinking of.}

Timalloy, with all your pearls of wisdom and advise, has it ever occurred to you that no one is interested in what you have to type, it's all very nice you taking a great interest in our club, but do us all a favour..... If your that bothered about what the goings on at rangers are, go ahead and contact them, you have as much chance as the rest of us about finding out the truth.

Uncle Bulgaria

Iam Legend; who cares what renumeration mr desmond took he's entitled to it.we trust him and he's never slow in giving cash if we need it. whyte is the same i assume.....

ED001 thanks for your input, but a couple of points why would Whyte publicly say about 6 years rule, IF he had not looked into it, I am also assuming his legal team would be on to this, sadly it looks like more smoke and mirrors and despite what the bears on here think of me, I think the decent Rangers fans deserve the truth. Timalloy {Ed001's Note - perhaps he thought it was true? Not everyone knows everything mate, not even me, though I am damn close.....}

13 Feb 2012 10:57:11
The mhanks are begining to reach fever pitch with this tax case situation. Seriously there was a guy in my work foaming at the mouth and not able to get his words out due to the hysteria.

And another thing, who is this tool with the tax case website, what a plank. If he knows so much and is such a good investigative journalist why does he not come out and show himself, I'm sure the job offers would roll in.

And why is there a big secret.

If I was up in court and thought I could get get away with it I certainly would not be broadcasting it to the press.

We are the people.

Oranjeboom.

You should think before you type oranje,, just about all of the information on therangerstaxcase has been proven to be fact and the rest is what he predicts. It is not good reading for you lot and this is why you dismiss it. Thereare more details bout your club in there than what Whyte has divulged. Fact is he is scamming all of you but you are so naive you want to blame Timmy. For this reason alone I will be doing the bouncy when rangers die!

Jamie Mac(feels for the naive,not)

There is more info on therangerstaxcase site about your club than Whyte has given you and the info is accurate. Whyte is scamming ye and you don't want to admit it , you would rather blame Timmy for it. Him naive?no. You lot? Yes. That's why I will do the bouncy when rangers die!

Jamie Mac(feels for the naive out there,not)

Oranjbloom the only "tool" is you, first to the rangerstaxcase issue, he highlighted all the problems TWO YEARS ago, that are only now coming to light, most of what he said is now FACT, cash flow problems, taking out loans close brothers, and selling season ticket money Ticketus, the main stream media are only now getting on board and getting information from RTC. As to why anonymous? work it out, there are a lot of petty, sad, jealous people out there who can make life difficult for a freelance journalist. But I hope you will buy his book when it comes out hail hail Timalloy

My my the dark seekers out in force, jamie mack even feels that much about it he posts the same thing twice!
Jamie mack - poor poor pitiful you just want to be part of it. Blame the Timmy ha ha ha saddo. Yes all RFC fans are blaming Timmy for the mess the previous board got us into, yes you're right. You just want in on the act to claim a bit of it. You're sticking your nose into RFC business so don't be surprised if someone tells you to f**k off.
Timalloy - Have you ever heard that CW might be legally bound to stay quiet about the previous owner and board, resulting in limited comments if any that can be made? Or do you just ignore that cos you don't like how it sounds?
I think you should be onto your own finances with a bomb of a statement being made - drop from £7m to £180,000 profit from the previous year. Transfer sales bomb out from £13.2m (mcgeady time to go son we need money) to £3.1m and £4.4m being spent in the first transfer window.
You are so so desperate to win this year and want RFC out the way by admin or liquidation - it's embarrassing.
Now you are saying that we are blaming Timmy what a joke!
Yes Timalloy there are a lot of petty, sad, jealous people out there - you sit beside them every home game.
Iam Legend

Man, no wonder they call Celtic park the piggery. You all sniff about our page like swine on heat. Away and worry about your own club.

Oranjeboom

@Ianlegend;well your stupidity is becoming legend. the tax case blog reported months ago,with a copy of the contract,that whyte cannot speak about murray and his time at rankers.why are you so concerned about celtics balance sheet? in the summer there will be sales,contracts running out all will contribute to healthier figures.what of your own accounts? oh thats right whyte wont let anyone see them! @oranjeboom; maybie if you and your like had read the tax case blog you might not have swiss toni dragging your tawdry club thru the mud.oh and piggery? be carefull, wonder what ipox will end up as? tic toc. the taxman cometh

Cheers Oranjeboom, if ever i was in any doubt about wanting rangers to disappear, clowns like yourself make it clear. History will show you fuds sat on your hands and allowed your so called beloved club to go bust while you posted bile on sites such as this. No one likes us we don't care..yep nor do we or anybody else for that matter.