ICTRoughi

After the Coventry game, I felt pleased with the squad we have and we seem ready for the challenge ahead. Still feel we need a strike partner for Billy McKay.

Exactly my point DD. Some of the Rangers fans are still quick to have a go at the SFA but they haven't done anything un-toward. Granted the transfer embargo was deemed illegal by the CoS but Rangers aren't effected at all. Just playing in a lower league - That's all.

They can sign anyone this transfer window and the end of the summer one in 2013 cause I don't think the window will close on a Saturday, So in effect they can't sign anyone during January. As you said, it really is a small price to pay.

Sevco FC have been given the transfer of the membership. They've accepted a transfer ban from 1st September 2012-31st August 2013

New kit released. On sale tomorrow. http://ictfc.com/news/club-news/549-kit-capers

I see Giovanni Di Stefanno has become a shareholder in the OldCo. One question - Why?

Yeah, that's him. He was good. Also to quote Doresboy, Yes we do. Billy McKay on his own is not going to work. He needs to feed the ball to someone. He's useless on his own.

Yeah, we played not too bad. We played at a leisurely pace which is expected due to the opposition. David Raven had a nightmare of a start in the first 5 mins but picked him self up and had a better second half. Andrew Shinnie missed an awful lot of chances but was pleasing that he was getting into space. Nick Ross came on Second half and done really well on the left wing, and took his goal well. Surprised Terry only made one substitution but good to see a win. There was a centre half that played today, not sure on his name who I thought was really good at organising the defence today. Ross Draper was good too.

http://local.stv.tv/glasgow/108240-rangers-crisis-ibrox-and-murray-park-hived-off-to-separate-newco/?utm_source=twitterfeed&utm_medium=twitter

Steven Davis and Allan McGregor the next two to walk away.

Well done to Kenny for listening to the fans. That was the most important thing.

So, Steven Whittaker and Steven Naismith the latest to do walking away. Will they even have a team to compete for the new season?

http://sport.stv.tv/football/clubs/motherwell/107668-motherwell-board-says-loss-of-rangers-could-put-well-into-administration/

Alasdair Lamont ‏@BBCAlLamont Rhys McCabe becomes the first player to officially object to transfer from Rangers to newco. Now exercising his right to leave as free agent

Agree with everything DD has said. I hope Kenny sees it.

From Twitter. I am surprised at Hearts going against Rangers, surely they need money more than any other SPL club.

http://www.rangers.c...5~177463,00.pdf This is an interesting read. That looks like they lost the BTC which is 94 million. Ouch!

Gary Warren announced on a one year deal http://ictfc.com/news/team-news/520-goalstopper-gary-signs-up?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ictfc%2Ffeed+%28ICTFC+Official+Feed%29

Voted no, like others I don't subscribe to sky sports for mainly SPL football. EPL, Champions League and La Liga is good viewing.

It's actually the liquidators who will have the vote as they (will) control the company. Rangers (the OldCo) still own the share and that share entitles them to vote. As I understand it though, there's a whole lot that needs to happen before a vote can be taken and it's feasible that by then the SPL will have found a legally sound way in which to take back that share. Before a vote can take place..... A NewCo needs to be formed. It needs to have joined the SFA. It needs a compliant stadium. It needs a team. Directors need to be declared "fit and proper persons to run a club". And before any of the above can happen.....they need money!!!! It's one thing to offer up a few million to buy the assets, quite another to get the money together to put everything else in place...and to put it all in place in a VERY short timescale. By obtaining the assets of the Old Company, I assume the bits in bold have been done?

Interesting read in the record.

Just out of a matter of interest, when do the SPL clubs vote on this?

With Rangers being liquidated, we should try and use Andrew Shinnie to get some of the younger players up north, like Kyle Hutton and Jamie Ness.

WHYTE THREATENS DEFAMATION CASE AGAINST SFA By Ronnie Esplin, Press Association Sport Rangers' controversial owner Craig Whyte has turned the tables on the Scottish Football Association by threatening to take them to court for defamation. Whyte had already been deemed unfit to hold an official position in the game by the SFA when he was handed fines totalling #200,000 by the ruling body in April for bringing the game into disrepute. At the same time the administration-hit Ibrox club were handed a 12-month transfer embargo - which was successfully appealed - and fined #160,000 after being found guilty of five charges relating to their financial affairs and the appointment of Whyte as chairman. The Motherwell-born businessman has refused to pay the fine, which he initially described as "a joke" and it was reported this week that the SFA's legal team were ready to pursue him through the courts for the money. However, when Whyte was asked by Press Association Sport for his reaction to the prospect of legal action being against him, he replied: "I will be going after them. I will be looking at legal options against the SFA. "They have a lot to answer for with their defamatory statements about me which formed the basis of their so-called investigation. "Scottish football's regulators are inept and have showed themselves up. But they have no jurisdiction over me." The SFA declined to comment. Whyte has agreed to sell his 85% shareholding in Rangers for #2 to Charles Green, who is leading the consortium in place to take control of the club. The former Sheffield United chief executive's group has pledged #8.5million for creditors who will be able to vote on a Company Voluntary Arrangement (CVA) next week. Should creditors reject the CVA, then Green would form a newco. Whyte is giving the CVA his full backing and is ready to walk into the sunset following his traumatic period as owner of Rangers, which began when he bought the club from Sir David Murray last year for #1. "I am 100% behind the CVA, I am very much in favour of it," he said. "I hope it goes through because it is the best way forward for the club and it will leave Rangers in an excellent situation. "My shares will form part of the consortium's shareholding and after that I will focus on other activities. "It has certainly been eventful year but I did what needed to be done, unpopular as it was. There was no alternative. It had to be done. "If it wasn't me it would have been someone else. "People will look back in a year or two with a different view. "People have conveniently forgotten the state Rangers were in at that time. "I should have taken the club into administration on completion of the deal. "But there was no way the situation would have been avoided unless someone came in and put in #100million and we have seen in recent weeks how difficult it is to get anyone to put money into a football club."

NO GREEN AND WHYTE AT IBROX I have continued to observe the lack of progress in the attempts to resolve the crisis at Ibrox. I hoped that a “supportable” proposal would emerge from an individual or grouping that would meet the needs of the club. I see those needs comprising of four main components; 1.Any offer should demonstrate the capacity to not only acquire the club but to invest in the club going forward. 2.Any offer should be supported by the requisite business skills to ensure that the recent crisis is not repeated. 3.Any offer should recognise that the club cannot be run on purely business principles. The club has a “soul”, a history, and a tradition going back 140 years. Our children and grandchildren are entitled to the same legacy that our father’s and grandfather’s bequeathed to us. 4.Any offer should recognise that the fans are key stakeholders in the club, whether they are shareholders or not. In my view the CVA proposal that is being put forward for consideration by Duff & Phelps fails to demonstrate compliance with any of the above criteria. I accept the possibility that Duff and Phelps may know more than is contained in the CVA proposal, but if that is the case, why the lack of transparency? Duff & Phelps have earned enormous sums as administrators and have had sufficient time to ensure that full disclosure is made with any offer. One practical difficulty that Duff and Phelps has is that their prime responsibility is to those stakeholders that have a legal claim on the company. This excludes the many fans who are important stakeholders but not shareholders. This leads me to some specific concerns about the CVA proposal; 1.It is clear from the CVA proposal that Mr Green intends to repeat Mr Whyte’s strategy of using season ticket sales to fund the club. This would put fans back in the position of funding the club without owning it. 2.I made it clear to Duff and Phelps that I regard the Whyte acquisition of the shares from the Murray Group as being fraudulent and that myself and every other minority shareholder (all fan shareholders) have been prejudiced by this. The CVA gives no recognition to this difficulty and to what reparation will be made to those shareholders who have been abused by the terms of the sale to Mr Whyte. 3.I also advised Duff & Phelps that I was making a claim against the club for the full amount of my investment based on the deliberate non-disclosure by David Murray of transactions that he had committed to on behalf of the club that were both risky and to the sole advantage of the Murray Group. I have made that claim but Duff & Phelps have at this stage ignored my representations. 4.If it becomes necessary for me to prove my claim I intend to enlist the support of the other fans, like me, who are shareholders in order to ensure that we are all considered and represented. I further advised Duff & Phelps that any proceeds received in respect of my claim will be reinvested, in full, back into the club. I am sure that all other aggrieved investors (that are fans) will do likewise. This will ensure that a substantial portion of the funds used to acquire the club will still be available to invest in its future. 5.Mr Whyte gave me first right of refusal on his shares on the 29th September 2011. Andrew Ellis subsequently advised me that Mr Whyte had personally advised him about my first right of refusal but that Mr Ellis had a prior right to 24,9% of the shareholding from Mr Whyte. Based on my own history of dealings with Mr Whyte I have no reason to doubt Mr Ellis’s version. Either way, Mr Green cannot acquire the shares. It is not my intention, and I know Mr Ellis feels the same, to get in the way of a properly structured and a properly funded transaction that meets the needs of all stakeholders, including the fans. In my view, based on previous discussions with Mr Whyte, it is unlikely in the extreme that he would sell “his” shares to Mr Green for a nominal sum (even if he hadn’t committed them to me) unless he was obtaining some benefit or retaining some control behind the scenes. Duff & Phelps non-communicative approach to stakeholders causes me further concern in that regard. I am opposing the CVA and urge all loyal fans to do the same. We don’t want to be back in a similar situation next season. I also believe that all true Rangers fans should not buy any season tickets until full and frank disclosure has been provided by Duff & Phelps, Mr Green, and Mr Whyte, as to what is truly going on behind the scenes. Dave King Johannesburg 7th June 2012