Rangers Rumours Archive May 01 2012

01 May 2012 23:05:49
Rumoured Miller to be announced tomorrow. 2 weeks diligence, newco to be formed and gers to apply for SFL membership. Already heard that the chipmunks at the SFA are gobsmacked and panicking, Doncaster not happy. Urgent meeting between Spl and SFA tomorrow. As stated its a rumour, we shall see tomorrow I suppose.

Herald Wednesday.

You were doing well until spl panacking, they dont give a feck and niether does anyome else. rangers are NOTHING !!

"RANGERS ARE NOTHING!" where have you been for the past 140 years?

I dont know but I know where RANGERS will be for the NEXT 140+ years........extinct

I REALLY hope it won't be Miller. Let's face it, he's not coming for the sport.

Reading some scary things about his past dealings too.

Bears beware!

Surely if Miller is the man to get the keys why why has he not been in Ibrox, you would think with all the press cover on the amount hes put up compared to BKs that you would have a look at what your buying and what of the 84.5% that CW has is he going to give it up or see what he can get for a POUND= 3M ?? i think this will drag on well into next season!!!

Are the assuming Rangers fans will support this new team/company. Do they take us for mugs ?

Ironically, you show how big Rangers are spending your free time (if you actually work) on a Rangers blog. I can assure you "selik" with the new Celtic (correct pronunciation) band or "artwork" round their club badge do not find me spending my spare time on theirs!
The very fact that our plight as a Club obsesses you and your ilk really does tell anyone reading this blog just how big Glasgow Rangers actually are, there are sometimes more posts from you lot than Rangers fans on most threads!

Ritchie 712

Healthy debate as usual from the dark side!

why is it always 'tomorrow' or 'this week', or 'coming soon' - - we've been hearing this BS for months FFS!

i will go to the game tonight, sing my heart out, (& before the nightcrawlers come on - NOTHING sectarian)
& wait to see what ACTUALLY happens - too many unknowns EVEN NOW

bill72

Mostly on edmiston drive g51 ,do you have a computer ? try google maps its really good you can zoom in too and see the trophys doug

Scottish football is bad enough, without rangers Scottish football is extinct! Do you think the Celtic players will be happy playing for nothing once they have won the league by Xmas!

Wait and see, I stil think TBK-BK will be preferred, and I will be surprised if BM's bid is the best return for the creditors.

Squeeky bum time.

The administrator is using Miller like the boogy man to get TBK-CW-HMRC to do a deal under a CVA.
They have no intentions of preferring his bid and then accepting it, its a bluff or a threat to the real players in this game of high stakes poker.


Anorak.

I wont be supporting the new club. Just because they will buy the rangers assets doesn't make them the team I supported. What is the point of supporting a new company owned by an American, what's that got to do any any of us, any of our childhoods, out community. This is a joke. It's RFC debt free or nowt.

P.S. If they try and start a new co we need to do what the did in Manchester and Wimbledon, start up the real rangers, a local team run by local businessmen. The new co idea is nothing buy profiteering or glory hunting.

With all this carry on and them saying they need Rangers for the SKY income I think even if you survive and stay in the SPL, Sky will come in and offer peanuts for their new deal as they will think the SPL desperate for money, so basically you have screwed the whole of scottish football. I think its time Hector,SPL and SFA come in and shut you down for good before you do anymore damage.

Good news. looking forward to going to coatbridge next season to show them what's what! Best solution all in all and gives us some level of integrity. SPL may be improved by the time we get back which would be good for fitbaw IMO

Looks like this post is true,septic better be prepared to scale down there squad,if its the sfl its the sfl,glad to be away from spl

Listen there is to many people against glasgow rangers for them to survive,weve got rat bag whyte no wanting to hand over worthless shares,spl trying to make up rules as they go along,hmrc dragging the btc out so it wrecks any deal being done,its a shambles

Bill Miller pulling out looks like it's the BK

If I had a pound for everytime I heard something would happen "tomorrow" I'd have enough to buy Rangers and wipe out the debt myself.

Don's fan here (again).

Rightly or wrongly this might be the kick up the backside that Scottish Football has needed for a long time.

While I have no desire to see either Rangers or Celtic leave/fold/depart, the chance for a.n. other club to have a shot at champions league football surely cannot be a bad thing.

While I doubt that Motherwell have the squad to make it through to the group stages, the distribution of wealth they will get from even the early stages, cannot be discounted.

And while the 'chase' for the ellusive Champions League trophy has no doubt clouded SDM's thinking over the last 20 years, the spending of huge sums on this has been at best foolhardy and as we've seen at worst, downright stupid.

If we take an example, APOEL Nicosia, reached the quarter finals of the champions league, with a squad largely comprised of largely home grown talent (yes, they've got a couple of Brazilians), but, fundamentally a homegrown team.

Are we saying that Rangers could not achieve the same with a team based of mostly Scottish players. Rather than spending millions on Foreign players, (tore andre flo, etc.), both Rangers and Celtic should be investing in the cream of Scottish players. If these aren't good enough to make inroads into the champions league, then just accept it and move along.

if they are, even better for the scottish national team.

"Ironically you show how big rangers are" you then go on to say there are sometimes more posts from "you lot than rangers fans"......eh that makes sense!! It is fact that "we lot" never sat on our backsides and watched our club go to the wall, we understood the seriousness of the situation back in 94 and acted accordingly and supported the club by buying up in the share options. You and your like on the otherhand have spent the last 4 years at least burying your head in the sand and refused to support your club when it was needed most!! Maybe you should have spent some time on Celtic blogs and you could have learned how to support your club properly!!

Wonder if Duff and Co have anything to do with the DFS sales. They NEVER end!

"...glad to be away from the SPL."
So you'll knock back promotion if you win the 1st Division?
Al

01 May 2012 20:32:26
This is more speculation than rumour (I'm not one the bhoys claiming to have a brother whose girlfriends uncle services John Greggs car and over a cup of coffee told him everything) ;)

Anyway, I've been worrying about the SPL's decision to postpone until next week - they had the requisite numbers there to pass the resolutions, or not, and I'm unconvinced about Doncasters excuses - Shouldn't rush into this etc.., We need more clarification.. It's not difficult to understand what is proposed, even for the halfwits on the SPL board.

The conspiracy theory is this; a Ranger's re entry into the SPL is being made conditional upon them voting with the smaller clubs to change the TV/League money allocation. If Rangers restart in SFL3, they can get the 11-1 majority that way without Rangers, only Celtic voting against. But they want the OF tv money appeal AND get a bigger cut.

Doncasters "in principle a Rangers newco can re join SPL" is probably true as long as the administrators/new owners play ball with the little SPLers financial demands.

The SPL has time on it's side, we don't, Doncaster said they may not even decide next week, depends on the "Ibrox developments".

So SPL won't provide clarity, that BM requires at least, until they get 'sorted' financialy.

All just an unsubstantiated conspiracy theory I'm afraid, not a fan of the SPL board, think they are quite happy to profit (their teams at any rate) anyway they can from the current situation.

Oh and of course, WATP!

Actually quite believable. The 'delay our decision so as to not prejudice the bids for Rangers' excuse doesn't wash given that at least one of those bids is being prejudiced by the SPL not making a decision.

Why did the rangers representive also agree to the delay?

Could be rite mate doncaster knows that a lot of spl clubs need sky to survive no rangers no old firm no sky

The two of you sound like a couple of paranoid Celtic fans

Lee

As was a few days back: the march on Hampden made this happen. What else did you expect ?

I think Rangers fans now have the right to be crowned Kings of paranoia... Remember lads just cause your paranoid doesn't mean they are not out to get you!

I honestly think it's more to do with letting the situation at Ibrox come to a conclusion rather than going and exploding things like they did last week with the announcement of the transfer ban and fine. I think the SFA have softened their stance visibly after they've seen the threat of away game boycotts and sponsor boycotts - they'll also realise that the SPL without Rangers is good for nobody. That's why I think they're prepared to work together a bit now.

GREGGS car? you guys are priceless! greatest ever ranger and you get his name wrong!............green jhedi

"Why did the rangers representive also agree to the delay?"

Rangers representative would be from D&P. If he 'forced' the vote on TV money allocations and it was not passed, minor clubs would not support Rangers re entry to SPL (could go thru next year without Rangers).

D&P would have to agree to adjourn to take advice from creditors,BM,TBK etc a no re entry would effect value so D&P could not act on their own, need broad agreement from other parties on how to proceed.

Celtic should resign from SPL and drop to Div3 with Rangers that would show them up!

Everybody's trying to be fly, why not Doncaster. Over playing the ease of which Rangers can re-enter with a NewCo. This decision isn't Doncasters. Simple as that.
He's trying to con D&P and Miller into agreement and start the NewCo, then watch the SPL move in their interest.

Don't the diddy teams not care about jobs in the game? Taking a very large slice of the Celtic Rangers TV cake. Because nobody watches the other teams and giving it to the 10 will impact on jobs at Ibrox and Parkhead, just to pay Chairmanship bonuses at diddy low attendance failing clubs.

Doncaster lied about newco,s and alex thomson has contacted Uefa Charlton Plymouth and SPL to confirm Doncaster lied.Should be interesting to see what punishments are gave out now Uefa are involved and the SPL are trying the old pals act again?

To the moron who called non OF supporters. 'supporters of diddy teams'- this is a perfect example of why we hope you get humped by the SPL,SFA and HMRC. Our clubs may not be as big as yours but we're still going to exist next season, can you guarantee that your cheating Rangers will?

...."OF supporters. 'supporters of diddy teams'- this is a perfect"....

I wouldn't get to hung up on this. Although it's a Rangers rumours site, I think less than 50% of posts claiming to be fans are actually from Rangers fans.

I don't know why they do it, but the 'diddey teams' is intended to be provactive, the "don't they care about about jobs at RFC, CFC?" seems abit tongue in cheek, it's obvious they don't give a damn, why should they? ;)

More likely than not, someone's having a wee chuckle about the idiocy of it.

01 May 2012 16:08:57
Blue Knight deny 'Newco'
A statement from Kennedy's spokesman read: "Following inaccurate media reports, the Blue Knights/Brian Kennedy consortium wishes to clarify its position.

"Firstly, on Saturday evening 28 April 2012, we submitted a materially increased offer which will be confirmed by the administrators, Duff & Phelps.

"Secondly, and for the avoidance of doubt, our offer is conditional on a CVA and the delivery of Craig Whyte's shares.

That's not a denial of newco, just confirms what we already knew.

And the merry-go-round goes...either you want it or not ...either miller wants it or not, someone take it....as every day that goes by so does much needed cash

So let me get this straight. TBK bid is  conditional on delivery of a CVA. This is dependant on  both HMRC and ticketus. Does that mean TBK are dealing with this issue? Or are D&P  negotiating on their  behalf.  Secondly are they then talking to CW? To me it sounds like they are expecting the club to be delivered to them by D&P. For D&P's part they may see this as too much to achieve in the time the club has left with its current working capital and the easiest solution would be to go with BM bid as it is less conditional and does not require the buying in of CW or Ticketus.     

It being conditional on the CVA is what you would expect, nobody is interested in buying Rangers to inherit 30-70m+ of debt, the BM figure of �11.2million seems to be ballpark for the creditors according to D&P. So that could go thru.

TBK and BK want to do CVA (no newco) only stumbling block is CW shares. If CW won't hand over shares D&P can sell of the assets to a newco as they are acting for creditors not the 'owner' - CW would be left with nothing.

So whether we get a newco or not is up to CW. - If he hands over shares, no newco, and he gets nothing, or the acrimonious path sell the assets to TBK,BK or BM and we have a newco. Either way CW gets ~nothing.

TBK&BK are planing for CVA, holding back on liquidation/newco as last resort.

So your offer is pointless, and will cost rangers more in nuffin helps fees before you withdraw. are you working for whytey ????

Meaningless bid.....be as well as offering 2 bottles of irn bru. Shares are CW's and ticketus already say no CVA - nevermind bringing HMRC into account.

Oh and also, the condtional on a CVA bit, TBK and BK are reserving their right to reduce the offer, if the only way to get it off CW is thru a liquidation/asset sale, should he force that route.

Circa �12million is not a meaningless bid! Ibrox on the books at �109million, to site developer/tescos only ~�20million(? perhaps less). Debenture holders as secured creditors get first �7million.

Which leaves ~�13million so �11.2m is ballpark and more certain (quicker,less risky) than other routes.

New owners would honour Debenture holders rights so no need to pay out. Why would anyone in their right mind offer more than they have to?

I believe their may be a shortfall in the agreement with Ticketus, it may be the brokerage fee owed to CW. He may want this for his shares.

I don't think it is huge but they are now playing hardball, the consortium wants CW to hand over the shares for free as a symbol of surrender and asa point of principle. The alternative newco plan is an obvious threat to both HMRC and CW that they will get nothing if they do not agree to the CVA share sale.

I think CW will agree to recover som of his reputatio and then all eyes will be on HMRC.

They will agree to the CVA, if they don't, they will be blamed for ruining Rangers for NOTHING, a refusal only hurts the tax payer and the creditors, it does not hurt CW.


Anorak...the end game is upon us, finally.

Just wondering and someone will put me right of course, but if the BTC goes Hectors way can they seize Rangers assets i.e. Ibrox, Murray Park and the Car Park

Only secured creditors will get paid from assets 30 MILL OWNER? �7.7 mil debenture scheme staff ? then anything left goes to HMRC TICKETUS not be a lot

"Only secured creditors will get paid from assets 30 MILL OWNER? �7.7 mil debenture scheme staff ? then anything left goes to HMRC TICKETUS not be a lot"

Yes think you are right, staff are still preferred creditors (HMRC used to be but now not) so will be paid out in full. Any idea of 2 months Rangers wage bill for players? (reduced to 25% during administration, 75% owing)

With all the talk of who gets what and Craig Whytes shares...Whyte has put nothing into the club..nada...zip....nought he paid �1 for the club paid off bank debt by shuffling clubs assets never used any of his money if indeed he's got any.. now HE is a preferred creditor as has been rightly pointed out..which could net him 30m or so if things go tits up and the club is liquidated..so do you think for one moment that a man who has spent NOTHING and could make approx 30M is going to hand over his shares to TBK's just so they can take the reigns I DON'T THINK SO....Whyte is a shroud business man who can see � signs through the misery of RFC

The 26.7-30 million floating charge held by CW over the assets is his Ticketus guarantee, iin effect Ticketus are a secured creditor. A liquidation sale of the assets must raise in excess of 36-40 million before an ordinary creditor sees a penny.

I do not think Ibrox and MP are worth more than 25 million in a firesale. This is the reason the administrators are jumping through hoops to get a CVA bid of effectively 45-48 million, its their job to get as much as possible for all creditors.

Don't know what the issue are with this bid.

1. Of course it is conditional on a CVA being agreed, once they have preferred bidder status they are allowed to enter into discussions regarding a CVA with creditors.

2. The second so called "condition" is IMO ridiculous, you can't buy Rangers without the shares can you? So of course the purchase is conditional on acquiring CW shareholding.

This is where d&P have IMO been shown up for the fools they are; they should have started legal proceedings on day 1 to acquire CW shares.

".so do you think for one moment that a man who has spent NOTHING and could make approx 30M is going to hand over his shares to TBK's just so they can take the reigns"
--

I disagree, IMO as long as CW is not chased by Ticketus for any money they lose in the process (CW personally guaranteed the loan) then he will not want anywhere near the figure you have quoted.

CW will not make 30 million from his floating charge, you can not hold a floating charge without a debt.

He owes Ticketus 30 million, his shares are worth nothing and his floating charge is worth nothing to him personally.

01 May 2012 11:17:30
FORMER Scottish Rugby Union chief Gordon McKie is in line to run Rangers if Paul Murray’s Blue Knights gain control.

McKie, who divided opinion during his controversial six-year Murrayfield reign, left to become chief executive of the Hong Kong Football Association.

It is believed the Glasgow-born accountant has been targeted by Brian Kennedy, who joined Murray’s consortium last week.

If appointed he’d take over from Ali Russell who lost his job in February when Rangers went into administration.

The Blue Knights, who are vying with American Bill Miller for control of Rangers, handed in an improved offer to administrators Duff and Phelps yesterday.

They had no choice after their bid at the end of last week fell far short of Miller’s £11.2m.

Although it was described as a £5m offer the actual amount of cash on the table for creditors – who are owed upwards of £40m even without the Big Tax Case ruling– was only £1.5m.

It’s also thought Kennedy may now be willing to consider a Newco route similar to that outlined by Miller.

The tow-truck tycoon is convinced his ‘incubator’, or temporary company plan, would avoid further SPL sanctions – provided it was in place before the end of this season.

Although Murray has always insisted the club must exit administration via a CVA, Kennedy appears to be the one now driving the Blue Knights.

And as part of his plans the multi-millionaire Sale Sharks owner is understood to be keen on getting McKie on board.

Rangers fan McKie previously worked for former Ibrox owner David Murray when he ran his MIMTEC Electronics firm until it was sold in 1997.

McKie took the SRU job in 2005 and was initially praised for steadying the ship by implementing firm financial controls.

But he quit last summer after his decisions caused rifts within the game.

McKie froze playing budgets at Magners League sides Glasgow and Edinburgh and found himself facing a player revolt while clashing with sponsors, broadcasters, supporters and SRU staff.

However, if he is recruited at Ibrox should Kennedy’s takeover succeed he’ll be facing his toughest task yet.

This is nothing more than Kennedy doing PR exercise to put pressure on D&P and DR going along with it.. Can't believe they only bid �1.5m cash last week - joke!

Worked for former owner david murray

no,no no .....never never never

Is it just me, what keeps springing to mind when I think about Kennedy and Murray's bid for Rangers F.C is the scene from the end of the movie the Candidate....after Redford wins the election he turns to his campaign manager in the privacy of his hotel room and announces "what do we do now"?

This has reminded me of something and it might put your mind at rest, I used to work for Gordon McKie and he told me once that he wouldn't trust David Murray with a penny. Also though, I had no idea he was even remotely interested in football yet alone a Rangers fan.

What happened to Souness coming back?

Any bid whether it is CVA or Liquidation is based on the market value of the assets and not the size of the debt. There are secured creditors totalling 36 million who would rather not risk liquiation, and are happy to be removed as creditors under a CVA and transfer their arrangements to the new owner. Therefore any offer of cash under a CVA is extra and on top of the 36 million guarantees. A bid of 1.5 million under a CVA is worth 37.5 million in liquidation.

TBK and BK do not believe Rangers assets are worth more than 37.5 million in a liquidation sale.

I doubt the figure 1.5 million but the same princilpe applies, if you offer 10 million then this in effect prices the assets at 46 million. It is irrelevant what the debt figure is, its not going to change the value of the assets.


Forget book values of Rangers assets, what would Ibrox and MP be sold for at a liquidation auction, my guess is around 30 to 35 million......if that.

In that case an ordinary creditor would get nothing out of a liquidation sale

10p in the pound is better than nothing.

Souness was never coming back. More nonsense so many freely swallowed.

There is one piece of information we can gleam from this rumour, the admin fees are deducted from the cash offer, this suggest the final bill for D&P will be the difference between the 5 million and the 1.5 million to the creditors, ergo it will be approx 3.5 million.

D&P probably squeezed another 3.5 million out of TBK-BK to offer the ordinary creditors 5 million, this values Rangers assets at 45 million, which is more than they would sell for in a liquidation sale, a lot more.

Anorak.

Ideal coach for the rugby player that is Bartley

Is that the same gordon mckie who run mimtec in to the ground and where every manager stole sims and hard drives by the 100,s everyday as security never searched them?Yes the very fellow haha

01 May 2012 09:45:27
TBK to be confirmed as preferred biddrrs within the next couple of hours, watch this post.


CVA will not be agreed untill the beginning of June, sources are that rangers won the BTK but now face a legal obligation to pay the HMRC what they owe them for last year in full before they agree a CVA, this is what TBK and Brian Kennedy will do and they will propose a further 12.5 million to the rest of the creditors

Two rumours in one. Gotta say this one is probably made up but may turn out to be true. Doesn't leave much to the non-HMRC creditors. Not as much as 12.5m unless TBK have found some more money from somewhere.

What a load of complete and utter s**te. Won the big tax case ffs.

Seriously where do you make this up? would be amazed if we won BTC

I don't think this is possible. No unsecured creditor can be paid in full unless all unsecured creditors are paid in full. Everybody gets same penny in the pound.

So that would make Ticketus the largest Creditor, and the BK's bid in the region of 26-28 million. With 12-15 required upfront for the LTC..... Big difference from the figures floating around and to be fair more realistic. 

If we have won the TBC and then as you say pay HMRC last year's due tax payments, then we would owe them nothing.

You then go on to say that HMRC would not sign off on a CVA unless we do this. If we do this they are not a creditor, so why would they have any say in a CVA?

Ther's either ahole in your logic or you are just plain making it up!

And only last week all they could muster in funds was �1.5m ? Absolute tosh ! Where's all this extra money to pay the hmrc AND creditors magically appeared from ?

Do HMRC have preferential status over other unsecured creditors to be paid first for last year? Don't believe this rumour, Ticketus and Whyte are the key players, what is their status?

Where is your source for this?

I do hope it is true though as we need clarification and decisions sooner rather than later.

Wullie

We have not won any tax case. Stop getting people's hopes up. I expectp to hear the decision from a more reliable source than rangers rumours.

DAFT AS A BRUSH!! Even if you have no penalties and no interest (yeah right) you still owe 24 million to the queen. Yes thats right you have admitted liability for that one. Get a grip, get your head out the sand and prepare to be extinct. Oh and just as a footnote the SPL investigation into dual contracts will be ready soon and if ya think the SFA were hard on ya, you aint seen nothing yet.

"09:45:27
TBK to be confirmed as preferred biddrrs within the next couple of hours"

--------------------------

12.43
Set yersel up for a fall much?! Ticketus tock, ticketus tock

Still watching your post? and?

Rangers i administration do not have a legal obligation to pay HMRC contributions in full under a CVA and Rangers lost the tax case in Jan 2010.

However I agree TBKs bid will be accepted eventually.

Anorak.

To the op. the couple of hours are up. dont you mean a couple of months

End of the week maybe

Didn't happen........again, boring!

Still waiting!

bill72

01 May 2012 00:21:41
if we become a new co do we get our cattering and shirt sales back ect the club needs al this to become a viable business again

Good point, does it cancel all contracts?

Listen guys gonna answer me this please.see the transfer embargo?how can we as a club be and im only making up these figures ,say we are 100 million in debt and we get cva say paying 10p in the pound i think it will be even lower than thatbut say 10p that us we pay 10mill and walk away from 90mill,how then can we go out and spend say 15 mill on transfers?disnae sit good with me i thought we were better than that.

If we become a new co? why would we want to sell jumpers of some old bankrupt team,

The current deals still stand as far as I'm aware

A new Company means a new Company we will have everthing back New Co is the only way to go!

No - apparently the cattery is being closed and the new co plans to open kennels and as for he the shirts, they will be sold from Debenhams :)

No - apparently the cattery is being closed and the new co plans to open kennels and as for he the shirts, they will be sold from Debenhams :)

---------------------------------------
aaah! you beat me to it!

A new co is just that a new company nothing to do with the old rangers shirts deals and everything that goes with being a football team would be able to be sold all current rangers staff and players would be laid off if the new company wants to employ them then that's fine nobody would have any hold on a newco

Newco means everything starts again mate. See that new kit you pre-ordered? Keep that, because when someone asks you who Rangers FC were in 50 years time you can show them. See the Rangers wallpaper in your kids bedroom? Scrape that, because that team doesn't exist anymore. See the catering? Forget all about that because that's the least of your worries... Firstly you need a name, a crest, a strip, players, a stadium, training facilities, a league to play in, a fanbase to build, deals to agree for sponsorship, sanctions to face for being the spawn of an extinct club i.e 3rd division or SPL with points deductions. Maybe when all that is sorted we can worry about who's selling our pies and bovril.

Shirt Sales yes they would revert back to the new co although like ticketus this mightmean that they become unsecured creditors. (every contract has penalty clauses). Also do Who runs the rangers store is it the club? The catering almost certainly not if you continue to play at Ibrox. {Ed001's Note - how can shirt sales revert to a newco? Do you have any idea what a newco is?}

Lose history but would gain control over our own future. A new company would have control over all it's revenue streams. Existing contracts with old co die with that old co.

One small thing dignity FC-you would be ripping a lot of people off, or is that ok as long as YATP? No shame no remorse and no class