Rangers Rumours Archive May 15 2012

15 May 2012 21:38:31
Bears, are we once again getting the proverbial taken from us again?. Green says he will run the club as a profitable business and we will never find ourselves in this mess again. Then today the papers are full of us spending millions on new signings should we win embargo appeal. Are we getting mugged here again and taking it all in. I for one is sick of it, we want straight forward talking and no fancy grandstanding.

Are we never gonny trust anybody again then because of one bad apple?

Liquadation is going to happen,hmrc listening to these noises bout us spending millions wont go down well in our case for a cva,or is this mr greens plan

The only people getting mugged are us tax payers.

How arrogant is it to talk of planning a CVA for creditors with a piddling 8.5m, then spending millions on buying players.

I despair of what has become of football.

Have we spent any money yet on New players? No. Fact. Do we believe the Scottish press? Not me anyhow. Nothing of importance to write about today. No consortium details to report so need to fill back pages with something to keep the gullible ones on edge. Don't believe most of what you read.

"Are we never gonny trust anybody again then because of one bad apple?"
Are you for real mate When did 2 (Murray and Whyte) become 1.Our place is an absolute Embarresment to every Rangers supporter 'cause of these TWO and maybe more! And another thing supposing the Green mega consortium goes through, then they get hacked off and want out. What's it gonna be like dealing with 20 people to round the shares back up?
Can u blame any of us being sceptical?

Its OK being sensible now, but where were all the skiptics when it matterd: now the only thing left is alittle hope.

The only remarked about buying players IF transfer emabargo was overturned and AFTER debts paid !

.... and flying to Hong kong? for tourny arnt we skint:???

Flying to HK. Business class min of �5500 k per seat return. X how many in the squad and support staff / hangers on. Then hotel etc. the creditors who are struggling to keep their business are just going to love that. Christ sake Bears show a bit of humility, these are normal folk with families to support and some will be have been no doubt fans who were barely breaking even but wanted to support their club and have the kudos of being a supplier to you. I thought us scots were renowned for fairness? Disgusted. {Ed001's Note - the organisers of the tournament will pay for travel and accommodation. Is it that difficult to stop and think?}

Wake up guys, Green ISN'T here to benefit Rangers, in-fact, not one bid (including the blue knights) was for the benefit of the club, every single person who has showed interest in buying Rangers has seen the opportunity of getting something on the cheap, none more so than Paul Murray & Brian Kennedy, those two clowns wanted to (try) and save Rangers with fans money with minimum costs to themselves, a blind man could see that!! if anyone on here thinks Green in the man I would urge you to go check out his track record, honestly guys, if Rangers fans don't start getting their fingers out, they could end up being remembered as the most gullible fans in the history of football, blue knights, black knights, green & whyte, STOP BELIEVING THE SPIN........

Only person being mugged is you OP..believing the paper bunch of lazy hacks...also get a grip when your first burd chucked you did you stop trusting all women ? So give him a chance...

Daily record reports �25 million pounds of player value (to the creditors) will now walk over the summer for a paltry �8 million....

Yet if a newco formed - even that �8 million is lost....

leaving creditors down �25 million from players alone,

Seems news is fed to daily record to warn creditors - it can only get worse so accept 2p in the � - or else

poor creditors, �25 million in tax has gone, now �25 million in player value is going, only need to here that ibrox is only worth �30 million or than whyte owns it... and the �100 million steal is on.

creditors may get nothing - but all rangers rans value will have gone as well.

Paper talk -why are you all so gullible? their trying to make up stories and exaggerate truths to put the boot in to Rangers -they don't want us to survive! SG

There was no crying about the poor creditors when Bill Miller announced it would take " multi-millions" to restructure Rangers from a loss making business into a profit making business.

The consortium are saying the same thing but putting a positive spin on it, at the end of the day Rangers is worth very little in its current state and it will take a lot of investment to sort it out.

Ordinary creditors would get nothing without this investment, because the company in liquidation is worth nothing to them.

Anorak

The ordinary creditor would get nothing from a liquidated Rangers, the only reason they are getting something is because of the very investment that is being condemned. This investment is essential to turn a loss making model into a profit making model, without it, Rangers are not a commercially viable concern. If Rangers are not a commercially viable concern then the assets are nigh on worthless, it is ludicrous to suggest this investment could be used to pay off the clubs debts, the amounts involved dwarf its actual worth.

Rangers with muti-millions invested is worth 18 millon, without investment its worth next to nothing, its a loss making business with worthless assets except to a comercially viable football club called Rangers.

I simply do not understand those who scream ” liquidation liquidation ” and ” creditors creditors “, when it is a fact the creditors would get less out of liquidation. It is obvious who benefits the most from a liquidated Rangers and hiding behind the creditors doesnt disguise this fact.

So lets be transparent and name names, some Celtic fans want Rangers liquidated not because it benefits the creditors, not to save the SPL, not out of sporting or financial integrity, but out of self interest.

Celtic would clean up unopposed for a decade.

Anorak.

Well done ed 001. If course rangers will be paid a fee and expenses. Obvious. Not sure if it is sensible rangers fans commenting or fans of other clubs trying to punish rangers to eternity. Better get used to being punished forever more. For financial misdemeanors. Hardly murder is it? !

FFS calm down it's paper talk, let's just wait and see what happens, I know this is a rumours site but seriously let's wait and see what happens today,although I wouldn't be surprised if it was delayed again.BLUNTRU72 LLRFC

If/when rankers are liquidated then the creditors will make more from that than the pox 8.5million on offer and if your mob is sent to div3 then you will be the Big losses too along. with the smaller spl clubs as you will have no tv money either. so do the DIGNIFIED thing Mr Green and pay your debt and taxes like every other hard working person in the country. but then rangers are not being very dignified at the moment are they as every single person who has to pay tax has been. also why is it that very buyer of rankers is going down the cva route when the should be paying the debt and if this "consortium" is so wealthy why don't they just pay the debt

hail hail

Marco1888

Less off the lip 001, my MBA thinking man enough for you ! regardless of who pays for what it should be a no go {Ed001's Note - MBA just proves you have an education, not intelligence. You clearly have little of that, this tournament is a way for Rangers to make money, on that basis only a fool would say they shouldn't go.}

Anorak you say -The ordinary creditor would get nothing from a liquidated Rangers but

A. The way these work with the inevitable firesale they might well get the same dosh from a liquidation.

&

B. The ordinary creditor unfortunately won't really get much of a say & it's likely HMRC will insist on liquidation.

What do HMRC get? They get the FEAR FACTOR. Don't insult us with substandard offers, we're not a soft touch & you WILL BE LIQUIDATED IF YOU TRY IT ON.

BB

Marco 1888 talking gibberish again either they take share of 8.5 or receive absolutely nothing simples secured creditors get the lot how hard is that to understand how many REAL financial experts have to tell them its a take it or leave it

Maybe I'm missing something,,"Take the 2p in the pound or you get nothing" So if club is Liquidated does this not mean the assets of the club Park training complex players etc etc are SOLD off and the money raised is then dished out to a list of creditors!!

Marco. it ain't greens debt. he and his consortium are trying we think to buy o loss making company and turn it around. Not walk in and pay off someone else's debt. That will never happen so get over it.

As non Bear, I have to take issue with a comment that Green publicly stated.

He said that every year Rangers would experience champions league football. Correct me if I'm wrong, but don't we drop to one CL place after this season.

Therefore, by that comment, Rangers will win the league for the rest of history.

9 in a row was bad enough, but forever.

Gee, that's an appealing thought to those who are not old firm.....

Makes the decision to start in division 3 all the easier to agree with.

"Take 2p in the pound or get nothing"

No. No. No.
Liquidation means the assets are sold and divvied up amongst creditors. The result - some unknown pence per pound.

CVA means creditors agreeing to say 2p in the pound using new money pumped into the club (�8.5m in this case) and the assets remain the property of shareholders (CG in this case) and with zero debts.

Therefore creditors have to be convinced that �8.5m is at least as much as they would get than if the club were liquidated.

Simple as :-)

If I said at least 74 people had read this post and made an opinion on it, would you believe me?

Yes. yes. yes
Marco- simply put the CVA is the only and best option for the creditors to get any kind of return. Let me explain why the creditors would get very little if anything via the sale of assets as a result of the liquidation scenario.
Firstly, if rangers were liquidated the player’s contracts would be considered null and void meaning every member of the playing staff would be free to walk away without a transfer fee having to be paid, therefore the creditors would not receive a single penny from the sale of players. The next two most valuable assets at the club currently owns are Ibrox and Murray Park……I don’t know about you but I can’t think of many organisations (football clubs included) who would be interested or have a need to buy a 55000 seater stadium in Glasgow not to mention a state of the art training complex, can you? Who do you possibly think would want to buy these so called assets which in your views would turn fund the creditors pot?
FYI- the land that ibrox sits on including the car park, is valued at �1.1m whilst the land that Murray Park sits on is valued at �740k therefore even if the adminstrators could sell the land that both ibrox and mp to a developer the creditors could only see a maximum of �2.2m…….im sure you will agree this is substantially less than the �8.5m+ that the CVA option will offer?
Ps even if a developer did buy the land at ibrox then they have a problem, the main stand at ibrox is a listed building and cannot be knocked down!
In summary the creditors will see very little if anything from the liquidation of rangers, it is in their interests for rangers to survive.

Simple as :-)
Ghound

15 May 2012 18:51:18
Livingston threatening legal action against SFA for £1.2m if preferential treatment given to RFC.

Then won't Livingston equally find themselves in trouble with higher authorities isn't it uefa that take a dim view of any club taking legal action against their own football association ?

Livi were dealt with by the sfl rangers, if and only if they form a newco will be dealt with by the spl two different assoc two different sets of rules nothing to do with sfa

The Newco outcome will be the SPL decision, not the SFA, Livvy weren't in the SPL when they went into Liquidation or should I say Meadowbank. Anyway where does this End, Fed up now with all the speculation on top of speculation. The bottom line is Most people in Scottish football want us severely punished. Lets GTF to England we have the Men in charge that could make it happen at some sort of level.

Is there a source to this story becuase i cant find one - anyway as everyone has said sfl dealt with livingston so there case is void.

lets hear every other club who has went into administrations case.

every case is heard on an individual basis - the fact is rangers and celtic bring a lot more than livingston than dundee and everyone else

ryanrfc

IF the ebts goes against rangers then cant every team they have played in murrays era threaten to sue them..... just a thought...........LIZZIE WHERS MA BROLLY

Doesn't matter if you are in Engerland, the debt and HMRC will follow. ASAIK the English law for admin/liquidation are tougher.

Somewhat ironic that you have a dig at 'Meadowbank' when your own club are planning to to create a whole new team, but retain the history of the old one!

You will play in England very shortly, of that there is no doubt.

Should have two away matches against Berwick Rangers next season when you are demoted to Division Three!

All football in Scotland is under the auspices of the SFA. Livingstons case is that Rangers have been told the only thing more serious than the offences they committed was match fixing. logically then their offence was less serious, it would be illogical for Rangers to be treated more leniently. It will end when Livi either progress their suit or drop it

You can't go to England. Rangers deserve to be severely punished for decades of cheating. I don't want Rangers to die but they must accept punishment in good grace and not try to dictate terms

Nowhere to run, nowhere to hide mate. England couldn't accept you even if they wanted to. Not that they ever would. You will have to stay here face the punishment for the rules you have broken. Why not take whatever they can throw at you with some dignity and then maybe your team can hold there head high and say they done the time for the crimes so to speak. Probably sounds outlandish to you lot eh

Not that simple, if rangers could just go to england they'd have done it years ago. England don't want us.

And so they should, vested interests! Livingston had a squad to play in the first division and a couple of weeks before the season started they were thrown into division 3.

Airdrie United chairman Jim Ballantyne insists Livingston only have themselves to blame after the Scottish Football League relegated them to the Irn-Bru Third Division.

The future of the West Lothian club is back in doubt after the SFL opted to punish them yesterday for breaching the league's insolvency rules.

Jim Ballantyne, SFA Committee member, turning up at Linfield v Rangers

And Murray


Rangers Chairman David Murray dealt a decisive blow for Airdrieonians in 2002 when he demanded money owed to him by the club and was unsympathetic towards their cause.

Murray was quoted as saying: “I apologise to Airdrie’s supporters but something had to be done about this debt. Business is business and Carnegie Sports also have wages to pay,” bluntly refusing to help the debt-stricken club
only in Scotland

transparency and fair play, no wonder its not wanted.

Why oh why do you have this old chestnut of England again. I am fifty years old and this has been talked about for forty of them, and guess what we are no nearer that happening than we were forty years ago. The fact that the owners used to be with a club in England does not mean they want or need us.
It is time to realise that we p,ay in Glasgow and Glasgow is in Scotland, that's where we will always be.
SPL don't want it, EPL don't want it, UEFA really will not allow it, so the chances are bugger all. Please stop this England talk. Why don't we join the primers liga, as much chance as england

Livingston appeal was heard by the SFA!

Yes it was the sfl that relegated them but it was the sfa who heard the appeal and agreed with the punishment

Livingston were twice in administration , so they can not expect the same treatment !

What is it with this England tosh? Is it just a poor way to try and punish all other Scottish clubs and their fans? We are rangers of Glasgow? If were allowed to jump into another league what stops Porto or benfica joining la liga? Or grasshoppers or Salzburg joining bundesliga? you haven't really thought this thru have you? Itll never happen.

Yes the sfa did agree with the punishment, but they did not set the punishment, that is out with their duristiction. The decision is taken by the league authority, for Rangers it is the SPL, and for livingston it was the SFL. So good luck to them losing their court battle

Livingston don't have a case. Simple as that.

Plus, I didn't see them take action at the time of their demotion i.e Motherwell not being demoted for being in administration.

It's purely because it is Rangers. We wouldn't be hearing about all these attempted rule changes if it were any other club outside the OF.

It's pathetic!!!!

TTG

The rest of Scottish football wouldn't be punished if Rangers went to England. This myth of Rangers propping everyone else up is about to be shown up for what it is - a myth.

Before the Souness era, when Rangers were rubbish (and where were all the Loyal Bears then, eh?) Scottish football was in a much healthier state.

Scottish Football does NOT need a strong Rangers. Only Rangers need a strong Rangers.

Oh, and please do go ahead and boycott away games. We could do without the hordes of "fans" invading other parts of Scotland every other week.

Hull calling! (worked south border on and off last 15 years) Down here RFC are as wanted as a turd on your shoe, getting tired of defending the sh*te coming out of some so called bears mouths, i will write this in big letters so the thick ones can read it and get it into their thick heads. ENGLANG WILL NEVER ALLOW THE OLD FIRM EITHER OR BOTH TEAMS INTO ANY LEAGUE ,rant over blood presure dropping.

15 May 2012 14:31:32
anyone doing the 1872 walk for the RFFF On sunday

Aw no another walk......... LIZZIE WHERES MA BROLLY !!!!!!

And ma hat ;-)

bil72

Naw im no

Lets walk proud and that we are showing support for our great club Glasgow Rangers . Lets be dignified with our singing and be respectful of others. We will make people eat there words about us but we should also be humble in our victory. And we will get back to being a great force that we once were.
" Strive to be humble in victory and gracious in defeat" .

I am washing my anorak.

Anorak.

Why bother now that Mr Green and his 20 man have taken over.

You're only subsidising millionaires tbh.

RFFF all fine and very good - I've put a bit in myself - but it might be good if they told US what they are doing with the money??

bil72

Bil72
They probably have a wee EBT scheme going.

15 May 2012 12:05:29
So Green and associates are really telling the world how much money they have and are willing to spend, BUT want creditors to agree to a CVA worth a few pence in the pound while life goes on a if nothing had happened. If I were a creditor, I would see this as a massive slap in the face and liquidate the club even if only to make me feel better.How insensitive can you get. If these people have as much as they say, then why not settle the bills. Before anyone says that businessmen will not spend more than they have to, just remember, that the creditors are business men too.

But your not a creditor and have no say....mark

That makes it all ok then mark , ever heard of common decency ?

CVA is never gonna happen anyway. Everyone knows this - HMRC refused �10M from rangers 2 yrs ago - they will not take anything other than �24M .....end of.

...Liquidation only route.

And you're obviously a Rangers fan, who will have no say either when the CVA is rejected and your club gets liquidated.

These men in the shadows, furtive, secretive, unknown, appear to have the same bad attitude that permeates Rangers....they'll do well but the club won't.

Once again the papers cud be makin things up! Why on earth wud u say u are goin too invest millions in the club n give creditors penny's! Or there sayin this so creditors reject cva any green says oh wel we tried newco it is!

Even if it is liquidation what does it really mean, history is always going to be there is the hearts and minds

Creditors will lose most of their money either way. The question is - will they be better off under a proposed CVA or through liquidation? Clearly Green will look for a low p/� CVA and valuing the assets is probably very hard anyway.

Dear oh dear. Not even sorted with creditors, taxman, EBT's BTC etc. and now we are discussing multi million pounds war chests. C'mon, lets get real here. Nice thoughts but looooong way to go yet

Valuation of a stadium is very hard to do as its a sporting arena it will only be valued at what somone is willing to pay. Also correct me if i am wrong but in the facade on the main stand not classed as a listed building so you can't knock it down

Wee Vlad will be jumping up and down for his Lee Wallace transfer money as well soon.

Guys - it's called 'business', hard for some to understand I know, but these guys didn't make it good in whatever business their involved in by handing over blank cheques FFS!
This is the normal process of administration - no more , no less
ACCEPT IT & move on

bil72

It wasn't Green and Co that ran up the bills! Why should they come in and spend all their money correcting somebody elses mistakes to the fullest! They want a chance to make a profit long term so as businessmen are seeking a legal route in order to procure the assets of a company in financial dire straits! Let's put it in simple terms...you buy a house and suddenly you are being chased for the previous owners debts...do you pay in full or sort it out to your benefit? I know I wouldn't be spending my cash to sort out somebody else's bills!

AEG buying staduim in various cities across europe for concerts etc, now that hard in glasgow with SECC and venues, but if you dont want to loose all that profit from events, ibrox holds 50,000 and has done concerts..

so there is valuation there. Lady Gaga in SECC or Ibrox....

if rangers go to div 3 - they wont need ibrox and may be unable to afford to play there (how will they pay the rent?)... dont say tickets - ticketus has that money for 3 years.

That may be the case about buying someone elses house but if i did i would be changing the name on the front door and not calling myself by their name. Do the honest thing and pay your dues.
67Coatbridge

I agree,if they have that much money to invest then pay the bills in full as why should the people suffer,its not there fault but its only right to clear all the smaller bills etc

Pay someone else's debts? Yeah right. We aren't the first club to stiff someone outta cash and we won't be the last. It isn't anything to be proud of but if we think about it honestly I bet we all know someone we call family or a friend who has been bankrupt had their home repossessed or not paid their tax . It happens. Were all very sorry. Move on. I've been stitched up in the past and can think of 3 I know right away to have been declared bankrupt.

I am seriously tired of some Celtic fans hiding behind sporting and business integrity, they want a league without their biggest rival, they don't want competition, they want to win everything and stroll into Europe unopposed every year. They don't give a monkeys if it hurts the SPL or Scottish football in general, its all about winning.

A CVA is the best deal fo the creditors, get over it and deal with it.

Anorak.

Obviously the journalists just rearrange the following phrases for all the rangers ownership stories:
War chest
Multi millionaire
Saviour
Wealth off the radar
Straight talking
Watched as a boy

Really desperate amateur stuff and very sad to watch the simple and gullible jump on this.

@Anorak: it's not just Celtic fans.

Just listened to clyde 1 superscoreboard. Heard a caller call the hacks on the programme a credit ti Scottish investigative journalism ! Unberievable. they are a disgrace . Allthe are are apologists for rangers . " give Green a chance " they bleat " lets see where he is going with this " Lessons learned from the Whyte farce ? NONE

Anorak you're true blue colours are shining through.

Its not just Celtic fans who want Rangers gone. CVA may be the best deal for the creditors or maybe NewCo but it doesnt mean what Rangers have done isnt despicable.

Why do people say that ibrox only worth money as stadium ...highbury anyone? ... murray park is that worthless too ? the fact that rfc fans think it fine to pay small sums in a cva while holding assets is immoral maybe legal but immoral. dont do walking away agreed but does do walking away with small business men and womans cash ? dignity sure. i dont see uefa taking small sums for member clubs.

They are not someone else's debts they are our debts, Whoever owns the club is the club.

Like it or not these are Rangers debts a change of ownership doesn't change this.

As a life long fan I am ashamed of my club and of the so called fans who seem to delight in us stiffing people for the money we owe them.

This is our history now the club who doesn't pay its bills!

15 May 2012 09:45:20
CHARLES GREEN�S consortium will hand Ally McCoist a multi-million pound war chest this summer � if the Scottish Football Association can be persuaded to drop their transfer embargo.
Express Sport spoke to one of Green�s backers, former Sheffield United owner Mike McDonald, and he admitted that their group have serious wealth that has been put together from the medical worlds of Kuwait, Abu Dhabi and Singapore alongside major investment from European and UK property developers.

Top football agent Paul Stretford will also have a major involvement in the football operation, helping the club to buy and sell players.

McDonald admitted that once Green�s consortium complete their takeover and sort out the debts they are willing to plough significant amounts into the team to help McCoist�s team to become big players in Scotland and the Champions League.

In the Mail andxpress today!

You'd have to suspect that puffery like this is not going to help persuade creditors to accept a CVA. "You lot can have a few quid each, and once that's out of the way we'll start loughing millions in!".

Was nothing learned from the stories originally peddled by Mr Whyte? This lot sound scarily similar.

Why don't they put significant money in now to pay off debts? Instead of steering us to NewCo and liquidation? That's not 'saving' us! Any bidder could liquidate and restart.

Working down in Hull, if we don't take our medicine for our past wrong doings, i can't honestly say if i could continue to follow RFC. this whole thing has made us look stupid and to expect preferential treatment just because of "who we are" is making me squirm. Down here ex pat footie talk in the bars is "Rangers are trying to bully their way out" of this mess, not great for a club who once hoped to play down here. Chance now ZERO

Any 'wealth off the radar'? I think we may have heard this before. More lazy journalism, surely rangers fans aren't still buying this s**t?

Not two war chests?

Oh dear ,wake up guys,these people are asset strippers in it for a profit and by sort out the debt do they mean pay what Rangers owe because anything less is shamefull, as if they say there is a multi million pound warchest available it should go to paying the creditors. As for champions league that is at least 3 years away and if the SFA SPL grow a pair you will be in the 3rd div with no history(cant see there being need for million pound players down there)At least it was encouraging to hear Hibs go on about integrity being more important than anything else

Dannybhoy

So he is willing to produce a "multi million pound war chest" while shafting the creditors with a CVA. Im sure the creditors will be happy with that.

Disgusting, shaft the creditors, then splash the cash like the old days. Should be expelled from the SPL for this legalized theft

Shameful. Shaft the tax payer and small creditors and then rub their face in it by pouring millions into buying players a few weeks later. SFA and UEFA should throw the book at them. I wasn't for suspending the licence, but I am now. Disgraceful.

This will be the same 20million that mr whyte promised

This is not true. Not in press or on their websites.

Could have been the same statement Whyte made one year ago.

Why isn't this money in there now? Or is it in there but Green will have selective memory with his pin number till the day after the CVA passes? Then after you shaft companies big and small to the tune of pennies in the pound, you will unleash a sizeable transfer budget once the CVA goes through, paying players thousands a week while screwing the Scottish Ambulance Service for a sizeable chunk of their �8,438 due. If this club had ANY integrity at all there shouldn't be a hint of a transfer budget for next season regardless of the potential embargo. Glasgow Rangers - they don't do paying their way.

Well, if I was a creditor, I would be completely cheesed off by this. The amount of any CVA (if agreed) will be based on what the club can afford. How will it look if the new owners say they can only afford to pay for example 10p in the pound and then pump millions into the club to buy new players, which under normal circumstances, they cant afford.
Other clubs in the SPL who are in debt are cutting back on player budgets. It is time Rangers wised up to the situation they are in and lived within a reasonable budget

A ridiculous story to try and influence the integrity of the SFA case tomorrow. An attempt to blackmail the SFA to overturn the transfer ban.

Big players in Scotland hardly requires multi-millions, as for big players in CL....GET REAL.

They are trying to spin the plain fact that Rangers wll be run just like Celtic.

ANORAK.

Green was quoted ''For every Fiver they spend we will..............''

Pay what you owe before you make these promises

I would rather they used the money to pay all there debts to the 276 companies that they owe money to?!?
Just a thought!

So what is being said here, if true, is: We have lots of money available for the club if we can get the SFA to drop those pesky sanctions. OK  but the bigger issue here is :Creditors!! for your CVA we only have 8.9 million, sorry guys. However we have loads of money for players! 
How do you think the creditors will actually view that..... Mmmmmm 

Point 1- you do realise that multi-million means greater than 1

point 2- lots of people posting on here that the consortium dont want to be named in order to hide their true wealth thus compromising any CVA...surely stating once debt is cleared we will be buying expensive players and and using "multi million � " war chest.... does that not alert any CVA of their true wealth also..not very wise ..Johnny G

Remember guys this is the press headline we are talking about ive seen more truth posted on these pages lol

Lochaber Bear

Nice wind up post. Got them all spewing. Cant see vast investments honestly. by living within means itll be 1 mill players tops When we're allowed.

OMG, is this deja vu or something!! Are you lot not sick of getting carried away by rumour after rumour. These people were willing to let Miller take the club for 11million, that is not a good sign. Now your talking about "major players" and "war chests". You'll be lucky if they don't rape and pillage you by the end of this.

Seems a bit weird to me that a club that insisted on full disclosure for the SFA panel (risking their safety) are happy to be taken over by a consortium of 20 unnammed individuals. Maybe they're protecting themselves from the psycho fringe.

Just remember that you can't blame the SFA. Hard to check up on somebody who's not been named.

Looks like the days of the Gazzas and Laudrups at Ibrox could be back shortly.


Seriously guys, Green is making us look like a laughing stock.

There will be no CVA, no warchest and even if there was the whole thing would stink anyway as it would mean many ordinary creditors being shafted.

Charles Green = Craig Whyte Mark 2.

BB

I am a rangers fan big time but these guys taking over can anyone tell me why they should sort out mess of other individuals yes we should try to pay our debts but not with the money coming in for a new management team at least the creditors will get some money back but if you bought a business that was failing would you put all your money to pay off others debts i dont think so just let them get on with cva pay some money back then get our beloved glasgow rangers back to where we belong. The 3rd division is not an option as all clubs would lose to much money and scottish football not matter what anyone says would suffer and if we get 10 point deduction we still make champions league and are the green scared to keep us in premier as we win it with a ten point deficite then show how good you lot really are

What a negative bunch id love to see rangers splash the cash and bring the old days back think of the sucsess we could have but no u all just want to sit there and be negative

We already tried pumping millions Into the team to give Europe a crack, look where that got us!

As a Celtic fan it is good to see the honest Rangers fans saying we must pay our debts first, not go spending money on players. I think if Mr Green had made that statement the SFA will look more favourably on that and would be willing to help, and the Rangers fans could have held there heads a bit higher as they would be seen as doing the right thing.

I'm thinking along the same lines as the firsy guy to reply to this. Most successful businessmen tend to be quiet about their wealth and prospective deals. This guy seems to be too keen to brag about his intentions and his prospective "war-chest". I think he's putting on a front, cos he ain't got no back. I'm also hearing stories that he's still tarting araound for backers, asking for as little as �100k to buy in, ok, that's big cheese for most of us, but worrying like he's trying to run a raffle to drum up cash. BEWARE!!

Post is complete and utter nonsense. Get a grip no big money will be spent on players. players will leave to get wage bill down. Honestly wake the F**K up. Season ticket holder here and i dont want the club to ever go back to the spend,spend,spend days. Thats what got us in this mess. Green has stated club will live within its means & wiil never have debt in his time in charge = no wages over 7-10 grand.

That's the whole point of administration, to screw the creditors.

Why on earth would businessmen pay more for something than they have to?

To please obsessed Celtic fans? I think not.

While this is all very fanciful lets concern ourselves with trying to survive first and foremost and then look at putting solid structures in place to ensure that we are never again open to the crookedness of the last 20 yrs.

Seriously when I read nonsense like this I would like to swing for someone - have we learnt nothing?

Big G.

Post is complete and utter nonsense. Get a grip no big money will be spent on players. players will leave to get wage bill down. Honestly wake the F**K up. Season ticket holder here and i dont want the club to ever go back to the spend,spend,spend days. Thats what got us in this mess. Green has stated club will live within its means & wiil never have debt in his time in charge = no wages over 7-10 grand

Agree with this totally, seems some people still want to bury their heads in the sand. Rangers will not be spending big money ever again. Was once a big club in Scotland, has always been a small club worldwide get real. Also NEWCO is not Rangers its a new club, no guarantees to have the same following or aceptance into any league. Note Hibs chairmen comments sporting integrity over money, could just be some teams may fell they will be better chance of staying in the SPL if Rangers are not, self preservation.

Whyte is behind this. I can smell him. These unofficial announcements are goading creditors into ignoring cva and liquidating assets. Whyte is the only secured creditor.

Honestly your embarrassing yourself! if the consortium was so wealthy surely 20 of them could have come up with more than 8million. so gullible its laughable. for every fiver celtic put down, we will make up 10! sooner yer disgrace of a club dies the better. am sure the creditors would be interested in selling all your assets if u said they were getting nothing.

"am sure the creditors would be interested in selling all your assets if u said they were getting nothing."
--

There is only 1 secured creditor you imbecile.

"As a Celtic fan it is good to see the honest Rangers fans saying we must pay our debts first"
--

If an exit is achieved via a CVA, they will have paid their debts.

Must we back to our arrogant ways. Lets be more dignified and act with integrity before we go and shout our mouths off. Please a bit of humble pie people .

If an exit is achieved via a CVA, they will have paid their debts.
--

They will have paid 5-10% of their debts and the rest will be written off.

You really are a complete fool, have you learned nothing about Whyte;s broken promises and yet here you are ready to be shafted by another fly by night chancer who is going to liquidate as he knows a CVA isnt possible. But no here we go again with another �20m to spend on players. Yawn its like groundhog day. Rangers till July

I'm sure HMRC are listening to Greens untold wealth and investment in the team well pay the Millions Rangers owe them as well as others ..... Or is he just talking s**te the same way Whyte did

Frustrated bear

NO way transfer embargo will be lifted it is UEFA will have there say as Rangers would be getting away unpunished

UEFA has imposed a one year ban for going into administration, they have had their pound of flesh. The transfer embargo will be lifted and Rangers will have to pay cash up front.

Anorak.

Green says he will offer 7p CVA but then pay back money to creditors over 10 years by selling virtually all staff. We will have a team of 17 year olds for next year and beyond and struggle to stay in SPL. We need the worlds best scouting system.