Rangers Rumours Archive March 14 2012

14 Mar 2012 23:20:37
I heard that the american who is looking at us is a part of a bank in america that is worth 27billion, and heard his personal wealth sits at 1.1billion. to be honest, would much rather a rangers fan in charge, to make sure something like this nevr happens again, or we could have a safeguard in the contract to say that the club cannot be left in a situation similar to this, what do you think? could be another abramovich!!

or another romanov!

DEEJAy!

At least Abramovich has poured millions upon millions into Chelsea, so I'd be happy with a billionaire willing to cash in.

RFC onlly turns over 40-55 million per year, you don't need a billionaire to win the SPL.

Aye but we need to get back into europe to gain some prestige and respect back, we know we can win the SPL easily with or without money!

Kellys were fans, murray was fan look where it got them

1.1 billion thats good you know what he has .....it's not off the radar.. eh Keith?

Craig Whyte is a Rangers Fan so he says and u need a billionaire to do well in Europe

Abramovich is only 5th in the premier. Could a billionaire help Rangers? Yes, but not hugely. He will need to pay players enough to come to Scotland when they could be playing in England or Spain.

Mind, that guy that bought the Russian team I can't spell has brought success, bringing in players like Eto'o.

Rangers don't need a Romanov LOL.

Mate, all u did was read the sun's back page. Old news.

Abramovic has left Chelsea in a state, the quarter finals of the champions league. lol

Wakey wakey,

stop reading the DR - thats why you are in this mess

Its a nice dream that some unknown billionnaire will plough untold millions into Rangers every year, to get them to the group stages of the CL.
However it was this dream that caused this nightmare and I suggest it is time to wake up fom both.

Celtic have 2 billionaires on their board. In fact they have more access to private funds than many in the EPL. No Yank is going to buy Rangers unless there is another angle than SPL. Also think about the Glazers.....they make CW look like a baby.

You're right (Celtic have 2 billionaires...) the only billionaires Rangers will attract are fans like the Celtic guys. The business logic alone really doesn't stack up.

Why do people never seem to mention our clubs potential but only concentrate on how much debt we "currently" have?

Both the old firm and Scottish football as a whole have a lot of potential for growth. We are practically a blank canvass at the moment and if we could get rid of a load of the negativity surrounding our game them maybe even some of the smaller clubs could attract bigger investment.

For me this has to start with smaller teams listening to the old firm when it comes to potential sponsorship. Namely, the Setanta deal when both Old firm teams wanted to go with Sky then but the rest excluding Aberdeen wanted to go with Setanta for an extra £1m between everybody over 5 years.

The English game didn't start on the millions they have now. The Scottish game will have been on a far better deal by now if only the rest of the fools would have taken the same stance as the old firm.

Rant over lol.

BigBear1873

The previous owners and board where Rangers fans/men and got you in to this?

If they were celtic fans they couldnt have done this much damage!

JeeeZ

I agree Rangers has potenial if they get their operatig costs down from 55 to 45 million.

Then when they make the group stages of the CL, they will make 10 million.
At the moment its the other way round, Rangers are operating at 55 million per year and if they fail to get to the group stages they lose 10 million and if they do succeed they break even.

Their business plan was based on a best case scenario which was not very clever.

Celtic do have 2 billionaires but say this american does takeover i seriously doubt that he would pump the whole lot in. Like us the 2 on the board wont pour money in because they dont want to end up in a mess like rangers.

St Mikey

Rangers fans must accept their new club will be run on sound business principles.
It is simply crazy to run a company that loses 10-15 million if it doesn't reach the group stages of the CL. The operating costs( wages) of Rangers must be reduced by 10 million so that failure results in a break even position, and success is a 10 million profit. Both Rangers and Celtic will return to being selling clubs as they historically used to be. I very much doubt either can compete with the wage structure of most Championship teams, never mind the EPL.

14 Mar 2012 22:36:10
Good interview with Paul Marray on TV. Discusses a bit about the Blue Knights plan. Supposedly, 10 members in the consortium.

Think the Murray bid is only serious one. Kennedy seems a bit too reluctant to be serious. Too much like he's doing rangers a favour. His comments aren't exactly inspiring. Don't believe the fortress one if I'm honest.Any news on AEG or has that one been put to bed now?

Pity it wasnt eleven, then there would be a team to play in next years third division

Wil fall by wayside if Ticketus withdraw. Interesting to see what happens in today's court case, that could scupper the Blue Knights business case.

The blue knights don't have enough readies to brass up a decent CVA.

They can cobble together 10p in £ and shares issue making it 20p in the pound CVA. HMRC and Ticketus not settle for less than 80p.

14 Mar 2012 21:52:53
just heard a belter of a rumour, apparantly all the fans of the great unwashed who post on here when they should be posting on there own site are gonnae form a conga starting at poundstrechers in argyle st all the way to cashconverters as a show of solidarity this saturday...........press believe if you do and unbelievable if you dont, WATP

Is this a dig at us, childish end to it, press believe if you do... lol what a sad creature.

What are you talking about....press what for what? Step away from the drink.

Joeshmo1888

That's just what I was thinking.Press what for what. Sozzled

Umm the 2 shops you say aint there :s

You seem to know all off these bargain hunting spots well,let Ally know as thats the level of player you are looking at

I would be careful talking about stores like that ...after all Craig Whyte bought Rangers for a £1 !!

Ha ha . that old chestnut. so rangers supporters are by default wealthier than those of celtic (wake up boyo). talking of poundshops (you can see it coming) what can you buy for a quid these days? pint of milk ? roll of sellotape ? small toy? RANGERS FOOTBALL CLUB ? ibrox is now the biggest begging bowl in the world. get the buckets oot boys ? hha.
WATP (we are the poor.)

14 Mar 2012 21:06:56
If the club is not in administration it has no protection from its creditors nothing stopping them taking legal action against club. They can apply to have assets ring fenced against their debts could be alot of legal bureaucracy and costs between now and 19th all with little actual consequence not a good development. Can see dundee uniteds lawyers gettin involved. Forget the deadline for bids (which was pointless before tax case decision anyway) that'll get extended too. Oh and no doubt that'll be more costs

Nailed it. Some bears think this is a good thing (!), it most certainly is not. Debts are still there but the protection from those debts may be gone.

Ed I know all administrators are supposed to have the same remit so why the rush by Whyte to get D&P appointed (court setting deadlines etc.)?Not a pointed question just genuinely curious.

D&P seem to have been very cosy with Whyte since he took over.

Mac {Ed001's Note - I really don't know, because he has to know that D&P, like all administrators, are not going to be acting in his interests. It is a strange one, the only real reason can be the way they operate. I don't know their reputation first hand, but they might have a rep for doing what Whyte wants, whether that is going for liquidation or saving things from liquidation.}

Why do you think its a two day hearing ?

Thanks Ed, maybe their methods suited Whyte's master plan better than any other administrators.

Mac {Ed001's Note - I am sure each company will have their own preferred method, I would be surprised if D&P would be influenced by Whyte in any way though. They are much bigger than that, he is small time compared to what they are used to dealing with.}

I agree with that completely Ed, I dont think Whyte has any influence with them at all but I do believe he chose them because their modus operandum suited his agenda.

As for what his agenda is I couldnt guess but he definitely owns 85% of the shares and will probably argue that he is owed 18 million from the bank debt. I certainly dont think we've heard the last of him.

Mac

CW can not argue he is owed 18 million if he did not pay the 18 million, you can not secure assets against a non-existant debt.
The debt was paid by the club and not him personally, RFC can not secure its own assets for paying off its own debt.

In my opinion.

14 Mar 2012 20:37:36
Hmrc now looking to appoint there administrators and get rid of duff and phelps due to this glitch! Could not make this fiasco up!

Realy source or are you Guessing? as there is nothing official and it has been Reported that by BBC that HMRC are not looking to apoint there own as they will do the Exact same job?

HMRC dont make official comment - so how could the BBC know this ?

Dont remember HMRC pre-announcing thier move to put rangers into administration.....

HMRC made the official comment that
If Rangers win the tax case they would appeal it
Scotty RFC

No they wouldn't. It wouldn't suit any party to replace the admiinstrators. It would take another few weeks of 'settling in' and getting to know the situation etc. then they would go about doing the EXACT same things. With Whyte out of the picture, they won't be as bothered who the administrators are, as they are statutorily bound to act fairly. Muzz

Some laugh this ain't it bhoys

D&P not looking too competant!

14 Mar 2012 20:33:01
After what I had just seen in Paul Murray I would give him a chance ye he worked with David Murray but only for 4 yrs. But we have to keep a close eye on him nd the rest that of them if they take over the club or whoever does

14 Mar 2012 18:50:03
Anyone know what can happen to us for not 'legally being in administration'?

Yeah we will legally go into administration lol
GCUK

My big fear is that D&P will be replaced by an Admin that will go for Liquidation (D&P will be off the hook for denying this would happen) and the roof will just fall in.

14 Mar 2012 17:36:45
Not in adnin going to court monday,d&p run up mass debts club get taken over by hmrc d&p get nice earner cant even do job properly,not working for whyte,closed down next week,

Mate, half 5 and your on the drink, cant really make head nor tails of your post, please clarify your points.

Keep on dreaming yea dreaming what utter nonsense you talk!

Gers1986

This dont make sense the boy must be on the sauce

On BBC that rangers NOT IN ADMINISTRATION.... so the offers to buy pointless and are stalking horses....

who picked D&P... oh yes Mr WHyte...

Post is riight, seems D+P didn't inform FSA about administration, so it isn't legal. Court hearing next week to ratify. D+P are therefore considered interim managers in meantime? leaves door open for HMRC to re-object to the administrators and or their performance to date. could be interesting.

Source Reporting Scotland

They are just going to reapply!
Shouldn't be a problem unless HRMC oppose D&P and propose other Admin!

Re: Shouldn't be a problem unless HRMC oppose D&P and propose other Admin!
I HOPE THIS HAPPENS

Its all irrelevent, liquidation looms.

Where are the decent young Rangers fans, why are they not protesting, the old guard have failed to offer any help or inspiration. through time things evolve and its only a matter of time before the old prejudices are abandoned for football and nothing else. The young need to step up and take their club forward, the old guard are incapable.

Think this is what he's on about though he's reading between the lines:

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17373292

14 Mar 2012 16:58:14
Heard that Channel 4 will expose the SFA president who knew of the 2 contracts. This will send the bidders running for the hills when UEFA get involved

Campbell Ogilvie has admitted he was involved in the EBT's as a recipient, but was not involved in any player dealings.

More timmy pash. Alex Thomson is doing a piece on Rangers for CH4, he does comment on CO with regard to his press release. As yet there is no guilt or accusation surrounding CO other than the frothing dhims paranoia. Report the facts at least, you are just another dhim fud with brain freeze.

Same old, same old - a Rangers fan who doesn't agree and says it's a timmy conspiracy. What if the OP isn't a Celtic fan? Do you accuse your friends and family of being dhim fuds when you disagree with them or do you save such stupid abd paranoid accusations for here?

They were not contracts, they were letters of intent, big difference is, the letters of intent are not a legally bounded contract.

Intent is not a binding contract? Bull, Then the jails better open it's gates and let all those found guilty of intent to supply, intent to murder, intent to commit fraud out, because it was not for real they were only kidding on.

TIMMY or not this is a mess on the BIGGEST scale

14 Mar 2012 15:11:12
Just heard, from a very reliable source inside Ibrox, that the club will go into liquidation next week, regardless of the amount of potential bidders for new ownership. The club is in dire need of major cash RIGHT NOW! From discussions so far, no-one is willing to absorb these debts believed to be between £80-115m in a bid to take control. Watch This Space. Ed - Happy for your comments {Ed001's Note - simply put, I don't believe that for a second.}

Where do you get the 80-115m from. cant be that bad surely

More p@sh, debts that high would need to include the BTC and as yet that has not been decided.

Hi ed, fancy checking the IP on that post and see if its from the same poster as the previous story.(underneath) {Ed001's Note - it's not the same IP.}

Haw haw haw timothys really pulling at straws now. breaking from a bbc source on twitter .

BBC: #Rangers may not be in administration because of a legal technicality. CourtofSession to settle the issue on Monday. More to follow

we're comin !!

I just heard from a reliable source that whoever made up that story has just took a big jobbie!

aye right mate, ur source is a taxi driver or an ice cream van man, by the way better get a new freezer cos the ice cream is melting

So - lets get this right . . . .

The Administrators said they needed to cut £1m / Month for Rangers to honour their remaining fixtures (which D&P say they have acheived) yet YOU have knowledge to say that the admins are wrong?

Aye right then!!

To no name, no source( as usual) if things are that bad, why dont they just go to liquidation now, today, this afternoon!
Please go back and ask your source that.
pipeman

Admins say we need to save 1 million a month, but it has been widely reported they are due 1 million a month in fees? whats the point eh? I know there is more to it than that but seems like we are cutting back on playing and normal staff s pay just to pay admins
Scott

If no potential buyer is willing to make an unconditional offer, then a CVA can not be arranged until the BTC is decided and all the legal disputes over the ground and the tickets are resolved.
If the administrator feels these issues can not be resolved by May, he may call it a day. If they lose the case for the 3.6 million on March 30th I think Liquidation is inevitable.

Rangers will not be the first company to be liquidated because of the cost of a long Adminisration period.

I simply can not see any buyer making an unconditional offer, and Rangers will run out of money before the conditions are met.

True, d&p up in court monday, not in admin due to technicality. all over the news. Liquidation a cert then?

Its liquidation, whether next week or May. Nobody will touch the debts. I am disappointed with the Rangers fan base who have laughed of the threat to the club for years. Who will they blame after the end game ? I have to say the word inept comes to mind.

C'mon guys keep up! Brian Kennedy has said that his bid will be unconditional. Although he did also say that he doesn't really want to buy the club, but doesn't want to see it die.
Stevie-A-Bear

If Kennedys bid is unconditional then he has 2 options.His bid is to buy the assets after liquidation and start anew,or,put around £100m on table.That's it,no CVA,no HMRC deal,take our club as is,debts and all.The more I see,the less I like.it seems as if we're being backed into a corner towards an end game,which will be liquidation.Hopefully a new club can be formed for next season.

PS. I only post what I've heard or can maybe back up.I appreciate comments from fellow bears based on common sense after evaluating the facts as we know them,whether we agree or not.Our club is dying.Shouting WATP will not solve anything.Look at the shambles of the fighting fund launch.Is there no one at our club with a bit of common sense.

It's funny because Two partys have know came out and said they WILL BID for RANGERS. So why would they bid even if they knew Rangers were screwed? Pritty sure they know more about this than we. Ed do you know if any other partys have confirmed they will bid except the salesshark guy and the Blue Knights? {Ed001's Note - none have confirmed a willingness to bid that I know of. AEG have defo made the administrators aware of their interest and asked for details, though I have no idea what their public stance is on it.}

No one is denying there will be a queue of buyers after a CVA or after liquidation, however there will not be any unconditional buyers before either of these events.

The big question is whether Rangers can continue trading long enough for conditions to be met under a CVA. The 3.6 million may or may not be crucial to Rangers survival, but I anticipate it will take a few months at least to formulate a CVA, maybe longer.

Liquidation is not a certainty but it is becoming more and more possible.

Picture of Timmy

http://profile.ultimate-guitar.com/profile_mojo_data/6/5/8/0/658057/pics/_c367580_image_0.gif

14 Mar 2012 13:25:51
Brian Kennedy doesn't particularly want to buy rangers.Doesn't want them to die either.His bid
is purely a fall back.

On Bbc

marco

Cant see this one happening. Brian Kennedy is a Hibs fan so has no emotional ties to Rangers. There is no money to be made either so why would he throw his money down a big black hole?

I doesnt say he doesnt want to particularly buy rangers read the story correct be4 posting utte bullsh#t

He's a self publicist taking the p*ss. He's not interested.

Cant understand stand folk hitting unbelievable.Do you know something Brian Kennedy in his own mind doesn't?

Marco

It's tokenism he'll never own rangers.

He knows what goes on and it doesn't attract him at all.

There's zero money to be returned from owning rangers it's all about dumping money in to it. And getting dogs abuse when they don't win everything every year.

For the knuckle dragger who thinks it is bulls**t..he may not have said "particularly"However he has stated that he DOESNT want to buy rangers but he also doesnt want them to die.Clown

Brian Kennedy is like all the rest, he will buy Rangers under a CVA or after liquidation, he will not make an unconditional offer of 50-100 million, not unless he has had a lobotomy.

Brian Kennedy's offer will also be "unconditional"

http://www.scotsman.com/sport/football/top-football-stories/rangers-administration-brian-kennedy-prepares-fall-back-bid-for-ibrox-club-1-2172169

14 Mar 2012 12:33:31
Mike McGill, former Ibrox board member and Murray Group financial director, said: "The club used an old offshore EBT scheme in 1999 with three players.

"That scheme is the subject of the small tax case.

"The Revenue provided some information to us in early 2011 and we conceded based on that information and provided for payment in the club accounts. Craig Whyte didn't pay it.

"The other, larger scheme, started in 2001, involves a payment into an offshore trust, but there is no contractual entitlement on the part of the players.

"The whole basis of an EBT arrangement is that there is not a contractual entitlement.

"That is key to the defence, and key to the allegations made by the SFA."

Murray claims he has yet to hear from the SFA or the SPL on the matter, saying: "I've never spoken to Stewart Regan (SFA chief executive) or Neil Doncaster (SPL chief executive) in my life."

BBC.

So they admitted full liabilities in the first case,but not in the second.very strange.

Every time D Murray goes public he puts his foot in it by contradicting previous statements and just plain telling porkies also.

So caught out with the first scheme and had a second try after taking advice and started a second scheme. The language used is so matter of fact! FGS You avoided the tax and got caught and haven't paid it from 1999, but it's CW's fault?! Should have been paid by SDM when HMRC raised it. Can't believe the front passing the buck.

So the big tax case then, if not contractual so does that mean the loans are going to be repaid by the players who benefited in the larger scheme. No contractual reason for them not to repay the offshore fund then and RFC are off the hook for the tax and penalties? Smoke and mirrors....

The small tax case which Rangers confessed to before Whyte arrived is a clear case of TAX EVASION, which has been admitted.

What is the SPL and SFA going to do?

So three players by admission of guilt played illegally through a tax EVASION offshore scheme.

HMRC imposed a fine and it is fully accepted.

SPL and SFA and UEFA have to remove all honors from those years and impose penalties also.

Clear case of green bias here, again. Hear only what you want to hear, just what you accuse us of? Let due process of law decide, and let us hope a fair hearing is still possible despite the spiteful, often ill informed, half-truth and manipulative hate campaign against Rangers. We wont die, we're not going anywhere and we're not f*****g cheats! and you know we'll be coming for you when this is all over, and your all doing "the broony" ....... in yer pants! WATP

What I don't understand is that All rangers directors had regular briefings on such things. Some of them working at the SFA.
Didn't they think to take their knowledge of Rangers violation of the regulations and apply SFA due procedure?

SPL about to hammer gers soon. Never mind the old stuff.

Why would Murray go out of his way to state he had never met or talked to Doncaster or Regan in his life? He was never asked that!
Strange.

Green Bias? If you look at the rules, not anyones interpretation of the rules but the actual back and white rules, they clearly state that:

"all payments, whether made by the club or otherwise, which are to be made to a player solely relating to his playing activities must be fully recorded"

That is from article 12.1 of the SFA's articles of association.

This means that even if Rangers win the Big tax case they should still be found guilty of fielding improperly registered players as no payments, contractual or not can be made to players outwith the contract registered with the SFA/SPL which the EBTs were not.

Mac

''Didn't they think to take their knowledge of Rangers violation of the regulations and apply SFA due procedure?''

WHAT IF..... they applied due procedure and Rangers were not in violation of any SFA rule.
Its not that inconceivable to think that having knowledge of how the SFA work would benefit Rangers and help them operate within their rules is it.
I hope we are cleared of any wrong doing maybe that will stop the cheating cries from a set of supporters that wish their team enjoyed the success our have.

Absolutely correct Mac.

Problem is the integrity of the SPL and SFA.

We the people shall find out soon enough.

UEFA gets copied on everything and all the fine points too so they cannot hide it.

What I don't accept from D Murray and ally is the rhetoric about folks kicking rangers.
Professional criticism, keeping them honest is part of a democratic society. This is how the truth is eventually established and how fans get to know what happened to their money .
Honest criticism and asking the hard questions is kicking is it? So you do what u want get away with it and if anybody says anything that's kicking, that's wrong? NO TO PREVIOUS OFFICE HOLDERS - UNDIT.

This is the only sensible post from the last week, TBH

I have heard that Rangers are favourite to 'not lose' in the BigTaxCase. The delay in the outcome is because of wrangling over what the law really says, literally the wording. In other words, Rangers have completely followed the letter of the law but not the 'spirit' or intention of it. But the law is what it is and so HMRC cannot win.

14 Mar 2012 09:26:45
David Murray revealed he has spoken a couple of potential bidders and will help if he can. He added: “It’s important the club survives, not just for Rangers supporters but for Scottish football as a whole.”

His last selection was excellent wasn't it. Perhaps he shouldn't bother helping any more

Good we can relax because his vetting processes are second to none oh and he is really good with accounts NOT

The man has some brass neck!

As soon as Craig Whytes name was mentioned in taking over rangers I heard on other web sites that he was a liquidation specalist and the tax man knew fine well who he was too. David murray is lying that he didn't know what whyte was up to because if he looked into his background at all he would have found out whyte was a crook. So I wouldn't want any help from murray at all.

Surely no one is continuing to buy into Murray's lies? He is the architect of Rangers, and most of Scottish football's, current problems. His out of control ego, financial mismanagement, inflation of transfer fees and wages and planting of good news stories by his media lackies have led to the downfall and cover up of one of Europe's biggest clubs. His attempt to now blame Whyte, who he could simply have googled to discover his true colours, is not only laughable but a huge slap in the face to anyone with an ounce of common sense.

I think everyone needs to get off the lets rip into SDM bangwagon at least he has admitted he made a mistake, but he was right he did pump over 100 million in the club and we all enjoyed the players and success...do yous really think he doesnt want the best for rangers? i find that hard to believe, he took a gamble by putting loadsa cash into us when the SPL was still at a decent standard at the hope of attracting more income into the club, it has backfired on him now, but lets move on from it get our new owner and a CVA and concentrate on winning the title back of celtic next season

Poster above talking about getting off SDM.... Is that you Sir Dave or Jim Traynor?

David Murray is an egotist bad businessman. I think he tells lies also.

14 Mar 2012 07:56:40
My fellow bears could Justin king the sainsburys owner be about to bid for rangers? I have just saw him and mr Clark having breakfast together at the Cameron house hotel. Fact. WATP

He is only paid £900k a year, this guy couldnt even afford to buy St Mirren

He may be paid only 900k per year but lord sainsbury is f***in loaded, not that I think this will happen but then again I didn't think sir dave would sell RANGERS 2 a guy whom he googled & could only find a wee bit about him, imagine that a guy who is head of a multi million empire can't get any1 2 do a bit of detective work for him, oh sorry a forgot he f***ed up his business empire thats why he googled him
NTYABOW

He is more likely looking for a development site.

Or maybe they're looking at future plans for the albion... :(

Justin King isn't the Owner - he is just an employee !! But the major shareholder is the Quatari Royal Family they must have a Bi££ionaire or two who love blowing their cash on football clubs. -here's hoping eh!

I work for sainsburys Justin king is in Scotland to run a sports relief mile in Edinburgh the same as he does every year he has no interest in rangers as he is looking to get into politics

Yeh, to turn Castle Greyskull into a new supermarket. Bring it on !

The new Ibrox sainbury's will be known as THE HECTORS HOUSE STORE.

Maybe that had an assignation

Ha, I work for Sainsburys. He was T prestwick running a mile for sport relief!

(One of these days Ed will post my reply on here) {Ed001's Note - talk about a sure-fire way to ensure your post gets deleted!}

14 Mar 2012 00:09:33
American banking group setting to make move for Rangers.Source Tuesdays currant bun.

This is what we have been waiting for. Yankee doodle dandy. Let the teddy bears rise again !

True, here is the link

http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4193153/American-big-guns-make-move-for-Gers.html.

They are apparently worth a mere 27 billion and are turnaround specialists. Light at the end of the tunnel?

Heard about this yesterday morning from a friend in canada was in the papers n that over there .. didnae want to say anything as a woulda been shot down. the 2 guys that own the company is in the top 1000 richest us list .. ma source says there very interested n is up for challengen against aeg n the singapore consortium .. wae these 3 type of bidders the bks has no chance of taken over rangers

I suppose in these desperate times it is understandable everyone clutches at straws.

Try and remember what your company is worth and what its potential return to any new buyer will be. It does not matter how much money someone has, what matters is RFC's debt and asset balance sheet. Under a CVA no one is going to pay more than the asset value, assuming Ranger still have any assets.

All the tic fans getting all there pals tae click unbelievable.

It is not about how much they are worth but how much they will pay.

To the above poster (The latest in a long line of posters attempting to put a dampner on anything positive out of Ibrox). This company are turnaround specialists and although i don't know a lot about their business I'm going to make an educated guess that they identify a company that is faltering, losing money and on the brink. But they see potential and guess what? Yes, they turn it around into a healthy profit making company and my next guess is that this particular company are extremely good at it seeing as they are worth 27 billion. So you see it does matter how much money they have because it proves they are good at spotting a failing company which can be turned into a successful one. Not rocket science.

Craig Whyte is a successful turnaround specialist who found out Rangers break even on a 55 million turnover and lose 15 million on a 40 million turnover. The 15 million is the reward for the group stages of the CL, winning the SPL and a cup.
Therefore Rangers have lost 15 million this year and will lose 15 millon next year without cuts to playing staff wages.

There is no Europe next year and Rangers assets are valued at 20 million but who owns them ? You do not have to be a rocket scientist to work out that Rangers is not worth anything near the debt it has accrued nor is it ever likely to make the profits to repay any large investment.

Even without the Big Tax Case, Rangers are in deep deep trouble and to pretend otherwise is folly.

There is nothing positive about a potential buyer until they buy.

Well to be honest mate i doubt its all celtic fans clicking unbelievable, as i for one dont believe anything i hear until it happens so there is a good chance alot of rangers fans have clicked it as well, i am a rangers fan just to point that out. Celtic fans should stay of this site though as their slaggings dont even bother me anymore, i am more worried about whats going to happen to our team rather than getting annoyed at a bunch of deluded fans, who think if we go out of business that its good for them, as it quite clearly is not, they will not progress if rangers die the only way is backwards for them so i think they should take that in as well.

To the post above. 15 mill gers lose per season if not in europe blah blah blah...
surely this is the challenge to a turnaronud specialist? if gers were not losing money they'd be a thriving business who wouldn't require a turnarond specialist. hence they wouldn't be in admin nor for sale. like the way CW is now a turnaround specialist who a few months ago was a conman. we know cos you told us!
never know a real turnaround specialist may choose to speculate to accumulate as they say. just a thought.