Rangers Rumours Archive July 09 2012

09 Jul 2012 15:33:45
The SFA refuses clearance for Steven Naismith, Davis, Whittaker, Lafferty and Ness.

All lundys the lot of them ,they should have at least gave gers a chance to recoup something for what theve outlaid in cash over the years in overpriced wages ,then moved on ,then again d and p assed that up big style doug t.s.o

Yes, I think D&P are ultimately to blame here. All would have been well if the CVA went through, of course. But there was no legal certainty for "Plan B", and Green should have known this.

It is hardy the players fault Rangers overpaid them, if they had not, most would not have been at Rangers in the first place.

Anorak.

Been given temp clearance to play until arbitration has been heard.

Doug what would you do how can you stay loyal to a club that does not exist anymore, the 75% pay cut was enough for anybody to give up, I'm sure none of us would have done that for our employers it's a short career and they have got to make as much out of the game as they can.

Yeah that's right and displayed a sense of morality ?? If that was the done thing at Ibrox none of this sorry mess would have happened

The players knew what they were doing when they took the 75% cut ,why did they agree to a cut price sale when full wages resumed ,yes they were out the door like road runners as soon as the liquidation signs were up , as regards gers overpaying them ,some of the players deserved their wages ,but some of the others like whittaker must have had a red face when he looked at his bank statement every month ,a short career yes 17 to 35 ish thats 18 years of possibly earning top earnings ,as ive said before who retires at 35 ? roy of the rovers ? eg .look at lafferty hardly out the door and sion and him are in trouble already ,the real thing here is gers will exist in the future one way or another with a big support ,and if the players had stayed with the club they would have still been in the spotlight for other clubs if they wanted to move on and kiss someone elses badge .wonder what theyl do if their new clubs badge is on the back of their shorts doug t.s.o

09 Jul 2012 00:52:54
THE Charles Green consortium have told Rangers supporters that it would take at least £50 million for them to sell the newco club – a figure which would give them an astonishing 900 per cent profit on their initial £5.5m investment.
Source - Scotsman

I really hope this provokes a backlash from fans this is outrageous. See my post above.

Scunnered bear

So a few months later now that we are out of the spl and europe and have lost most of our players charles green now considers 50 million a fair price on a bad day for the club. I thought a bad day for the club was when we were in admin so where was your 50 million bid for the club back then charles green? Or was 5.5 million and the third division just too good a deal to resist and in reflection is all the club is really worth at this moment in time aswell. Wise up fellow bears these owners are just as bad as the previous ones give them f#*k all

Club was sold for what someone was prepared to pay for it. Alternative was no buyer, club liquidated, assets sold off individually and Rangers would have ceased to exist (old or newco).

No doubt it will be noted by everyone who got bumped for cash and every other Club in Scotland!

I wonder if based on their current valuation statement if the liquidators will take Sevco to court on the basis that D&P sold it to them too cheaply - there is a mechanism for them to do that to protect creditors and it would seem just for it to be used given the huge gap between £50M (valuation) and £5.5M (purchase price of assets).

Rangers fans are not going to pay 50 million for any share issue, Green is deranged.

Anorak.

You guys have to get your heads round the way business works.Yes Green paid 5.5m but thats over now.He has the potential of 40k season ticket sales,if you pay or not the potential is there,and that hoists the price up.Add sponsorship etc and the figure rises.

Nobody wanted the club before Liquidation, Newco would have been bought by someone, Remember Walters bid?

Newco is debt free and asset rich, so the value of the "goodwill" and net worth of the company goes up accordingly. This is how investors/purchasers of the club were enticed to bid.

The alternative to Green was liquidation HELLO news RFC have been liquidated some alternative if I was a Rangers fan he wouldn't be getting a penny of me

The £50m valuation is opinion - you could say a £1 billion quid but unless you can find a purchaser for whatever price you are asking it's just pie in the sky.

I suspect the £50m numbers has been thrown in public arena to scare off the likes of Bomber or any further attempts by any of the Knights to put in token bids.

Charles Green was prepared to put his money where his mouth was at the critical time (which Smith, Brown, et al were not) and he should logically expect to reap the benefits of his gamble and his guts. Its common enough to purchase something at a liquidation sale and for its value then to soar.

What Brian Stockbridge actually said was that they valued the club at 50 mil - whilst they are perfectly entitled to value it a this, it's only actually worth what someone is prepared to pay - Paul Murrays plan with the anticipated money from share issues would also have valued the club in the same region

This court action is more likely to succed as the liquidated company assets were not offered for bidders but simply stuffed in greens pockets.

Major supermarket will take over . its going no other way. mr green wants a profit. and he will get it. you can blame john brown when this happens

Yes lads, the difference is Charles Green paid the cash, what happened to all the others, when you are in the driving seat you can ask what you want, but I am sure they will listen to all sensible offers as.........yes you guessed it, they are businessmen, at the end of the day Green stumped up the cash....end of....face the facts

Imho green is looking to shut the doors al together ...why say it would take 50 mill for him to leave ..he knows no one would ever pay that for a newco

Maybe the guy's fed up off smith and brown tryin to get the club on the cheap just saying a price to put of the vultures. Think its about time the fans got behind the guy or we'll just be back to square one

For god sake . Stop washing your dirty linen in publicc. Get behind RFC and build a club again. Be part of history people.

The nett worth of the assets only increases after Rangers gets back into Europe and becomes a commercially viable business, it will cost the consortium 30 million to get them there. Green is dreaming if he seriously thinks a marginal business is worth 50 million.

If its Div 1 then the newco may just survive, if its div 3 then there is no chance.

Anorak.

The longer green is in control the more money he will lose in the long run.

The BDO who is liquidating the old company can reclaim the assests and are considering it because they feel the assests were sold so cheap.

Minor detail - Rangers have not actually been liquidated.

'For its value then to soar'? Seriously are you for real? do you understand the logistics of liquidation? I'll spell it out for you... Bargain basement sale, all assets go for cheap to the highest bidder nowhere near the true value of its worth! Fire sale, accumulate as much money as possible to pay debts/ creditors... You getting it yet? Mr Green or any other is in no position to 'haggle' or turn down bids mate! Out of his hands. He can value something as high as he wants but his delusional, egocentric, megalomaniac bubble is going to burst soon too, just like Murray and whyte! But them again, perhaps whyte is murrays little fall-guy, and in turn green is whytes little fall-guy?! Makes perfect sense. They all escape prosecution, they all walk away, and they all walk away with their pockets full not giving a sh*t! Just my opinion though!

If you are going to offer shares in a club, you are not going to value said club for 5.5m are you ? Much better to value it at 50m, higher value equals higher share price.

I don't think BDO will watch idly as Rangers Newco is sold for much more than £5.5m.

While liquidation sales are generally a bargin they are usually around 20-30% of book value and for assets in demand can be as high as 60%. 10p in the pound for assets is low (based on Greens valuation). 5p in the pound based on D&P's valuation is nonsense. Especially as the assets were not offered on the opne market. I think there is a real possibility of this being reversed.

I understand the logistics of liquidation perfectly well from some thirty years in business, thank you very much. The allegory was a perfectly valid one. Items purchased in a liquidation scenario often increase in value thereafter. And I dont need to be patronised by you over the repitition of such a simple, straight forward fact. As for Mr Green being in no position to turn any offer down - correct me if I'm wrong, but he has already turned down two offers; for £6.5m and £8.7m respectively. Or is that just my opinion also?

"Club was sold for what someone was prepared to pay for it."
--

As is anything, and it won't be any different with the next sale of Glasgow Rangers FC.

Can anyone see Green sticking around until we make it back from SFL3?

IMO the club will be up for sale immediately once SFL3 confirmed.

08 Jul 2012 20:30:30
Rumours aluko will stay if were in division 1 hope there true great player FERGIE E/K

Shouldnt the players that have left not have left until after the old range rs are liquidated