17 Oct 2013 22:56:22
Cynical old Rangers man to the core thinks that recent events to destabilise our great establishment will backfire on us. When Dave King has a look at the books he will be shocked.
Green has probably cleaned us out by seeing an angle and using it to the full.
Rangers were purchased for a song, albeit he took a gamble, and used his profiteering skills to a maximum.
My forecast, administration and the renegotiation of all contracts. Even with the points deduction, progress to the next tier is almost certain.
A cva would be a doddle, the losers would be the shareholders and any esteem we have left.
billyb
P. S. To a certain theme being intimated, this method of asset stripping is not a long firm but a straight forward opportunist con.
@op mate mccoll said the shareholders he's representing will invest more money and also if we went into admin again we would lose some of the squad so wouldn't be so confident of still winning the league and how do you know we would get a cva easy again we are ment to owe hmrc more mils so again could they not just turn around and say no
Do you think Duff and Phelps will get the gig?
Nice one Les (I feel a song coming on), It would take a very brave or stupid person to allow D&P anywhere near the club again (after what the charged the last time, I don't think we could afford them anyway). I thought we didn't have any debt so who would a CVA be with, we will owe the taxman but I didn't think it was overdue yet so why would be need (or indeed be allowed) to enter admin. Once the board resolutions have been finalized then I believe there will be enough investment to stabilize the club and set it on an upward path.
In Hope,
Cajlta, if there is no cash to pay wages, day to day requirements or match costs then administration is possible. Always remember that HMRC is paid monthly.
Hopefully I am being too pessimistic but unlike Ozzie Al, I have my doubts.
billyb
Thanks billyb, but I have read from many sources claiming that by the end of the season we will be down to our last one million. I assumed by that it meant we have enough funds to pay the day to day and match cost's until then. I also keep hearing about a large tax bill that will be arriving soon, so again assumed that meant we hadn't payed any for this year yet. My conclusions therefor were that if the first part were true then we could at least make it past the AGM and allowing for investment after that the second part could be covered. It's all might's and maybe's but I believe this time there are people standing by to make sure admin is not an option this time. Without THE BIG TAX CASE hanging over the club this time I'm sure Rangers are much more attractive to investors this time around.
N2 ide imagine duff and phelps will be asked questions under caution with rangers sinario imo
N. o 6
dont think the writen words picks my sarcasm. tmwnn. think they, ll be more than Duff and Phelps having a word
Lez ide imagine a fwe people that have milked us in the couple of years will be listening for the knock on the door lol