Rangers Rumours Archive June 08 2012

08 Jun 2012 19:17:10
Green just been on STV and article on STV website: says he cannot rule out just accepting the SFA player transfer ban. Is he insane? It's not up to Rangers, a court of session judge ruled it illegal. It's not possible anymore. Are rangers now going to try and undermine court of session judgements? Because Lord Carloway won't.

How do I vote? It is unbelievable he said that but i do believe he is stupid enough to say it!

The CoS ruling is only a recommendation, not legally enforceable.
Al

Makes you wonder why is it ok now to take the ban when it wasnt a few weeks ago... they shouldnt be alowed to take it as they now know they will get one of the listed punishments that is worse.
plus is it fair they take the sfa to court and then the sfa has to pay the court fees then for rangers to end up with the same outcome? trying to get it all their own way!!

If Green is ready now to accept the SFA transfer embargo, why challenge it in court of session in the first place?!?

Squeaky bum time

He can accept it if he wants (and he does want too). The court of session judgement is not binding on the party who brought the action (rangers). If rangers want to accept the ban to avoid further punishment, then they can.

Imagine green in circus ringmasters dress. Roll up roll , see the amazing one eyed footballer.

The more i hear about this green the more i think he is just a twit!!

Rangers should have taken the punishments given out in the first place and they would not be in this mess.

Green knows now that the next possible outcome could be a lot worse and is bricking it.

Scottish football is turning into a circus with whats going on up here and i for 1 have not been blinded with all this smoke and Mirrors

Surely if the court of session has ruled that the original sanction of 12 month transfer embargo is incompetant, then the SFA panel are tasked with considering an alternative which doesn't include the original punishment ?!?

Rangers awarded court costs who pays costs now

dinwar

The issue has been sent to the appellant panel of lord Carloway. The SFA says it accepts and respects the court of session status as supervisory body. The SFA cannot backtrack to go even more lightly on Rangers. Rangers have zero say in the issue anymore.
There is no bargaining to be done. Lord carloways panel has to deliver the integrity of the SFA governance system.

The original punishment has been withdrawn, null and void. Not an option in the regulations. The SFA can no longer use it. The SFA would not wish to use it as there would be a risk of double jeopardy.

In the words of regan, Scottish football is ok and in good health, it's only one club where all the problems are.

If he accepts it I won't be back, given a punishment that doesn't exist proofs the spl are corrupt, you cannot make punishments up, games a bogey, spl are corrupt

I'm not sure which is sadder: that other clubs' fans are rubbing Rangers fans' noses in the possible demise of the club; or that some Rangers fans can't see that the SFA and the appeal panel were doing Rangers a favour by not suspending them first time around and delivering the final coup-de-grâce to Rangers in their current form.

The SFA have already stated they won't be making any deals with Green over this.

08 Jun 2012 17:56:39
My first post on here and hope this makes sense.

Our beloved club is in turmoil which just goes on and on.

I donated money to the RFFF but have to admit think that was a mistake.

Why does the RFFF not use the money to pay of the small creditors like the local newsagent, instead of paying for new turf or legal fees?

Secondly, how are we affording to train in Germany when we are in administation? Why not just play at home, fill Ibrox and use Murray Park, I cant imagine creditors are going to like seeing photos of the team sunning themselves when they have been asked to accept pennies for the pound.

I want to see the club out of this mess but I am lost at way the club are going.

It looks to me once the creditors have been kicked into touch normal service will be resumed asap. Training in Germany, friendly in France and tournament against Arsenal and Southampton. These clubs must have received assurance that we can field a competative team.
Little wonder that SPL teams may gang up on us.

Completely agree BUT where do you start with the creditors. There are so many and most of the small ones must be really hurting (especially now the big wage earners income is guaranteed). At least you tried to help them. The foreign trips might be a "head in the sand" attempt at pretending everything is normal and if Rangers don't see a danger then it will go away-- or -- it might be an attempt by the players to display their talents to prospective buyers. If that is the case look forward to some cracking performances.

High time all the delusion came to an end there will be no Germany or anything else, the Rangers have just spent another year not paying taxes which meant it was ran season 2011/2012 on taxpayers hard earned cash, time has come to say goodbye forever.

I agree sat on same seat for 28 years why pay season tckt when we dont know where it is going all creditors must be sick when someone who owes you money is travelling all over europe rff should pay off all small creditors and try and pay as many bills as we can

"Little wonder that SPL teams may gang up on us."
Your first sentence goes some way to explaining why.
These creditors are not parasites on your club. They are companies and individuals who provided a product or service in the understanding that they would be paid for said. We are talking about peoples livelihoods here. I don't want any of the ordinary employees of Rangers to lose their jobs, but you seem to have no interest in anything outside gloryhunting for your club.
Al

Op. Weve never seen the like. Rangers bought and sold like an old ram. We're all to blame. Theres no respect like self respect and nobody with the power to help respects the old club. Buy rangers with an 8.5m loan ?, get tae h*ll.

How many people have lost their jobs and been put out of business because rangers didnt pay their bills ?? but you seem to have no interest in anything outside greedy hunting for your club ... pal

I do feel very sorry for the small creditors in all this.
They were providing a service to RFC and had the kudos of being associated with RFC.

The ff paid all small crditors under £1000.

Lot of creditors(suppliers) as have been mentioned before want rangers out of administration so they can starting normal trading again,not 100 per cent but does all the bills since admin have to be paid by administrators legally,you can spout all you want but suppliers will deal with rangers and as another poster said how many people outside rangers have actually lost there jobs over this,I agree 100% that we have to sort things out and make them good if poss but a extinct rangers can't a morally run rangers can so Ed why do you continually post stuff you know to be nonsense in some of these posts, yes this is a rumour site not a fairytale site {Ed001's Note - stop whining! How are people supposed to find out what is true or false, if they don't post it here and have it debunked or confirmed? That is the whole point of the sites! If you don't like it, go elsewhere, but don't waste our time with whines about it when it is the whole point of the site.}

"How many people have lost their jobs and been put out of business because rangers didnt pay their bills ?"

I don't know, nor did I say that anyone had. So please enlighten me. I assume that you have been in personal contact with all of the 200 and odd creditors then to check that they haven't had any job cuts or that the businesses are still going?
Al

The best post thats been on here

"The ff paid all small crditors under £1000." I think you might find that the above notion was muted, discussed and hope for on this very site however it is well documented that Dunfermline FC, the court of session QC and of course the re turfing of Ibrox are the only things that have been funded from the FF,,,,so not much moral high ground being achieved from that post....oh i must not forget the 2 (two) creditors who were paid by generous rangers fans,,, as said often before NO Remorse shown, no appology given from Hierarchy ( not fans)

I wanna pay tribute to Rangers fans (I am a Tim) for trying to do the right thing by paying into this fund. It's not even your responsibility yet the compassion for small creditors is admirable.
A bit disappointed though if its true about the distribution of the money and so on.
Dr. k.

08 Jun 2012 10:06:42
Family friend who works for KPMG have held a meeting with HRMC to take over from d and p. they did save portsmouth so it could be another false hope. Your thoughts ed? {Ed039's Note - Not heard anything, there was a clause inserted into the CVA that if rejected HMRC have their liquidators appointed though)

Portsmouth just announced 2p in £ to creditors today, wouldn't describe that as a success.

HMRC have named their people who historicly don't take prisoners.

No, it's BDO who will be installed. BB

HMRC could probably dump D&P if they wanted to enough and will certainly want their chosen liquidators if it comes to that (which I doubt).

HMRC agreed to D&P in the first instance.

Craig Whyte proposed D&P be administartors.

HMRC opposed D&P being the Administrators.

Lord Hodge agreed with Craig Whyte and authorised D&P to be administrators.

HRMC had no choice.

Look its simple if cva is not approved green buys stadium and starts a newco thats the only bit he needs after that he doesnt care less about the old club which will remain with whyte and be liquidated he wont be involved so he gives control to taxman who goes after the pot of cash and any other money owed to the club ... firstly its duffs that puts the cva to creditors so they put the clause in ...why ? an incentive to agree to a cva now on the current debt but in the event they lose the big tax case somewhere down the line the deals off green goes newco and hmrc get control of the scraps

Just a thought because I can't sleep. How much is Murray Park land worth to a housing developer? (38 acres in Milngavie must be worth a few quid even in present economic climate.)

"Look its simple if CVA is not approved"
Have you not read the updated agreement? HMRC have had several clauses included eg Appointment of BDO,not D & P as before as liquidators.
Several clauses have been removed/changed at HMRC's demand. One is that in event if CVA rejection BDO take over in liquidation senario. Meaning D & P have NO authority then. THEY CAN'T therefore just sell assets to Green. BDO can and will sell to whoever offers the most money. This can be as 1 lot or in smaller lots. EG Someone could buy Ibrox as a concert venue.. Someone else buys Murray Park (SFA) as a centre of excellence for football or other sports.possibly even Stirling University. AS SHOULD HAVE BEEN DONE FROM 14TH FEB as per normal administration procedures!

Nothing. It's green belt land. Cant be developed further than it already is.

08 Jun 2012 11:17:22
Has anybody ACTUALLY been asked to renew or buy a season ticket.

IF NOT - can we give this a rest for the mo!

bil72

Green is asking you Muppet! King is saying don't, so that's why all the posts!

No, not bought one, wont but one. Wouldn't book a holiday with Thomas Cook if it was in Administration, would you.

Quite right let's see what's on offer following next weeks CVA meeting, as you say nobody has been asked, so what's the problem?

I think that Green has more or less asked every Rangers fan to renew their tickets by promising them a 'vote' on the renaming of Murray Park. Moreover, King has asked fans not to renew until things are made clearer. So yes tickets are being punted but it would be a foolish punt at the moment given the potentialities and shifting sands around the Club.

Renewal forms to be sent out by early next week. According to man who doesn't actually own RFC called Charles Green -

'All season ticket revenues will be placed in a secure account that will go directly to the Club when the structure is resolved in the coming weeks.'

BB

"Secure account" - eh not another secure solicitor client account in London?

If gers fans buy the season tickets gers are saved, if not the only themselves to blame....

If gers fans buy the season tickets Green is saved, if not they have only themselves to blame....

Postage paid by recipient no doubt.

Lets be honest
only an idiot would buy a season ticket until there was some clarity of the circumstances we'll be under next season

08 Jun 2012 08:56:20
Does anyone know when the tribunal panel will report back on our punishment since the embargo has fallen through? is it today ed? {Ed039's Note - Today was the earliest they would have been able to convene but it is more likely to be next week, this was the last I heard earlier in the week)

BDO have come to the party now. These guys are lethal. HMRC want these guys in place if the CVA fails, which it looks like it will now. had enough now.

I am dreading the sfa decision i fear for rangers that the punishment will be heavy and the appointment of liquidators by hmrc is worrying as well i think they will reject the cva and therefor send us into liquidation. there will be no more rangers. i would just like to know ed's thoughts on the latest developments and also his thought's on dave king's statement is this just sour grapes from king because he did not get whyte's shares

Why are you bring up the CVA and HMRC on a thread rumour or Question thats has little to do with it. Also its common practise for HMRC to do this, how exatly will the CVA fail? or is that your own opinion? the CVA is gives the best rwturn for creditors, HMRC are just covering all the bases, and even if it does end with Liqudation, they way green is doing it has already been done beofre with I believe it was leeds united (correct me if im wrong Edd) so we still will exist, but I would rather use pay our dues and emerege as a better club for this, the club, supporters, players and staff should not suffer for the actions of individuals.

To the poster above, you need to stop bleeting on about the actions of individuals!
These "individuals" owned the club, where the club and one is still the club!

The best you can hope for is a suspension, and in retrospect the transfer ban was probably a lighter punishment

The CVA will fail due to the fudged valuation figure given by Duff and Phelps for the assets. HMRC are going to sell everything off and make sure that they get more than 9p in the pound. They are also not best pleased with the offer from Green as it is only on paper and not real hard cash.

Too much guesswork on here to reply

bil72

HMRC are not idiots, why destroy Rangers when they can recop a bit of the money through a CVA and then continue to get tax of Rangers for years to come, Also the assets that D&P priced was based on the Value of them when out of Admin, If they get Liqudated then the Prices drop big time, also Green has a clause that ensures that he owns all Rangers assets, HMRC will get less back from liqudation and they will loose tax in the future, EVERY THINK OF THAT?

SFA decision tonight before 8pm.
HMRC will liquidate, because 9p isn't whAt they will get on the £21m for a start. Then there's zero on offer for the imminent BTC £85m!
Only sequestration of assets and sell of makes their minimal return.
HMRC will recoup all taxes from whoever starts the new club going forward.
HMRC will not be responsible for any job losses. That's the board and owners to blame.
Listen guys liquidations happen all the time. Jobs are lost all the time.

Continue to get taxes off Rangers for years to come!! Continue? Its the fact that they have not been getting them that has caused all your troubles!

Continue to get taxes from whatever new rangers -fans end up putting together. So argument of letting rangers off to get future taxes is null and void.