Rangers go into administration

[RiG]

McGregor has said no? First time for everything I guess.

EDIT: Allegedly.

Edited June 26, 2012 by RiG

[Alex MacLeod]

They'll all walk eventually. Apparantly Green is set to challenge HMRC over them blocking his CVA whilst allowing Portsmouth's. Dont understand quite what planet this guy is on. Portsmouth owe the taxman £2.4 million which I believe represents a very small percentage of the total debt therefore if all other creditors accepted the CVA then HMRC had no power to stop it. With Rangers HMRC were owed over 75% of the debt so had the power to stop CVA. If me, a mere mortal, with no financial knowhow can see that then why can't Green and his advisors. The way things are going there wont be a football club to argue about any longer.

[Ten4]

McGregor has said no? First time for everything I guess.

EDIT: Allegedly.

He`s just stuck 2 fingers up, has he?

[The Mantis]

[Mantis - note that in 1964 they are referred to as Glasgow Rangers.]

But not by themselves! The paper uses it to distinguish between them and Berwick. Also the paper refers to them as Rangers F.C. In the last line.

[The Mantis]

Digressing briefly - I have a signed team sheet from the 70's when Urquhart was at Rangers and it clearly says Glasgow Rangers on the letter head (and a nice raised sketch of the old Ibrox main stand) - maybe there has always been something going on....

Returning to topic - now it appears the SFL clubs knifes are out for them also....

I actually had something similar in my hands the other week from about 1971. Official headed paper embossed in blue with the stand as you say, and a yellow backing sheet too. However I would have noticed any official mention of Glasgow on it, being kinda anal about some things. Sold it on eBay for about 38 squids.

And here it is (possibly the link might even work!):

http://www.ebay.co.uk/itm/110742765978?ru=http%3A%2F%2Fwww.ebay.co.uk%2Fsch%2Fi.html%3F_sacat%3DSee-All-Categories%26_from%3DR40%26_nkw%3D110742765978%26_rdc%3D1#ht_500wt_922

Obviously I called them Glasgow Rangers to help sell it!

Edited June 26, 2012 by TheMantis

[Tichy_Blacks_Back]

I stand corrected (no pun intended )

[bdu98196]

Whats the anaology I'm thinking of..........something along the lines of 'rats and sinking ships'.

[ICTRoughi]

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

[MarkD]

How can the floating charge ovr Ibrox etc. have 'no debt associated with it' or is there a fixed charge as well...bizarre ... I do assume its not possible to transer

[CaleyD]

All very intriguing.....ever get the feeling that Green was just trying to create such confusion that when tomorrow comes he can just go "Well, I tried, but you all fought me every step of the way and now it's time for me to sell up and go". That way he can sell out for whatever he chooses, pocket a wee profit and never be heard from again.

[Tichy_Blacks_Back]

Whiitaker off to Norwich City

[Tichy_Blacks_Back]

Lafferty off to FC Sion

[Tichy_Blacks_Back]

Ness off to Stoke City - they will soon have more departures than us

[PaderbornCaley]

How many SFL teams need to say no to stop The Rangers being promoted to the 1st Division?

I've heard some media reports say a majority is needed, and others saying 22 teams need to say yes to allow them in.

So that's

Raith Rovers

Falkirk

Morton

Clyde

Dunfermline

Dumbarton

stating that they will say no to the plans to promote The Rangers to Division 1.

Edited June 30, 2012 by CapitalCaley

[PaderbornCaley]

I notice that Donald Findlay is part of John Browns team trying to buy the club.

Since Findlay is Cowdenbeath Chairman, is he allowed to be part of another club? I didn't think this was allowed in the same country. He also says that Cowdenbeath will vote yes to The Rangers being parachuted into the First Division. Surprise surprise. So what happens if he does buy The Rangers and they are in the same league as Cowdenbeath?! He surely can't be on the board of two clubs in the same league!!!

Or is he planning on 'walking away' from Cowdenbeath?

[tm4tj]

Ness off to Stoke City - they will soon have more departures than us

More departures than Gatwick

[Proctor]

How many SFL teams need to say no to stop The Rangers being promoted to the 1st Division?

I've heard some media reports say a majority is needed, and others saying 22 teams need to say yes to allow them in.

So that's

Raith Rovers

Falkirk

Morton

Clyde

Dunfermline

Dumbarton

stating that they will say no to the plans to promote The Rangers to Division 1.

Mabye I am dreaming this but did Hamilton not voice some sort of opposition to this too? I may be wrong.

Edited June 30, 2012 by Proctor

[Oddquine]

How many SFL teams need to say no to stop The Rangers being promoted to the 1st Division?

I've heard some media reports say a majority is needed, and others saying 22 teams need to say yes to allow them in.

So that's

Raith Rovers

Falkirk

Morton

Clyde

Dunfermline

Dumbarton

stating that they will say no to the plans to promote The Rangers to Division 1.

As SPL needed 8 voting for, so needed 5 voting against. I should think that, with 29 teams (I think) there would be 8 no votes required.

That's three more no votes added since I read the latest figures earlier on this evening. Fingers crossed for a couple more.

The level of utter incompetence by the SFA, the SPL and the SFL is mind-boggling...and doesn't augur well for any reorganisation of Scottish football planned for the future.

[IBM]

Peterhead are the latest to say they would reject the proposal for 1st division but would welcome them in the 3rd!

[Gabby]

In my blog, this is why I argued that the Sky contract is worth a pittance without Rangers. the audience drops off by more than 60% for games that do not involve the Old firm (excluding Edinburgh derby)

Source: http://www.kilmarnockfc.co.uk/staticFiles/71/72/0,,10291~160369,00.pdf

[Tichy_Blacks_Back]

Inverness CT v Rangers - highest watched match after the Old Firm games - what does that tell us....?

[Gabby]

Inverness CT v Rangers - highest watched match after the Old Firm games - what does that tell us....?

Probably tells us that Rangers Fans don't like driving to the Highlands.

However it is worth noting that the audience drops by 62% for the ICT/Celtic game.

And the audience for the Hibs/Motherwell game is less than half of the ICT/Celtic game.

In reality, the numbers are tiny, even by subscription TV standard.

[Heilandee]

In a nutshell from the Clyde board.....

(Clyde) Club Statement: Reconstruction Proposal

Sat, 30th Jun 2012 12:48pm

The Club has received a set of papers in advance of the SFL meeting on Tuesday. The essential intent behind those papers is to induce the SFL clubs to agree a proposal to allow a Newco to enter the SFL in the 1st Division in exchange for a range of structural changes to the current set up and some small financial inducements. Some of the proposed changes have merit in principle.

The Board believe that any proposals for change should not be rushed, as these have been. They also have to be done by consensus and not through threat or inducement, again, as these have been.

The papers include a proposal to allow a Newco to enter the 1st Division. This is contrary to the rules of the SFL and nothing within the papers justifies this proposal.

As a club owned by its supporters and recovering from having been on the brink of extinction, the Board of Clyde Football Club recognise the damage done to the credibility of Rangers Football Club by its successive owners, and the subsequent impact on staff and supporters. These proposals do nothing to restore that credibility.

It is not for us to become involved in punishment, that is a matter for the SPL and SFA. The SFL clubs are being asked to change their rules so that the SPL and SFA can apply sanctions that fit short term financial interests.

It is not for us to tell any club what they should want for themselves, but to enter anywhere other than the 3rd Division risks Rangers Football Club being burdened with the legacy of commencing its rebuilding in a manner that they later look back on with regret. Rangers Football Club does not need to be handed a competitive advantage, they are more than capable of returning to the SPL via the 3rd Division on their own merit. Rebuilding from the bottom can restore the dignity stripped from the club by its former owners.

The papers use emotive language to threaten a future of financial meltdown and they carry the implication of the destruction of the game should a Newco not be entered in the 1st Division. If things are as bad as indicated then Scottish Football is in a far worse state than is being acknowledged. In which case it is time to accept the bankrupt model needs fixed and not supported and perpetuated on the back of this proposal. The fact that other clubs might face similar financial distress because Rangers Football Club enter the 3rd Division is hardly a reason to compromise the integrity of the SFL and further compromise Rangers Football Club.

Rather than attempting to prepare a soft landing before delivering sanctions, it would be better to contemplate more radical change that might actually underpin financial stability in the long term for clubs that balance their books. Perhaps an amnesty from sanctions for clubs that are forced to face insolvency procedures in the next 2 years as a result of the current turmoil, and an automatic entry to the 3rd Division for any club liquidated and reformed in similar circumstances. This would allow 2 years to properly restructure the Scottish Game for the benefit of all and undo the damage that has been created by the current structure which encourages club directors to trade integrity for cash, and then spend beyond their means, willingly risking the very existence of football clubs. If we could believe that the game could be less self interested long enough to resolve this, then this, and other far better ideas, might be worth contemplating.

SPL clubs that have openly stated their opposition to a Newco being given immediate access to the SPL have taken the position based on their, and at times, their supporters' view of what is the right thing to do, however, the vote has still to be taken and proposals such as these are premature. If the SPL clubs vote as indicated on the basis of the increasingly discredited notion of sporting integrity, it would be questionable if the SFL clubs did otherwise.

The reality is that we are faced with unique circumstances and it would be foolish to pretend otherwise, that probably means that compromise for some is inevitable, and perhaps even worthwhile for everyone in the long term. The solution however is not this hastily cobbled together proposal.

The Board of this club sees no merit whatsoever in adopting this proposal.

[Yngwie]

Very well written, BUT the cynic in me feels obliged to point out that Clyde are one of the clubs would benefit massively in financial terms from having Rangers sent down to their division.

[Tichy_Blacks_Back]

Very well written, BUT the cynic in me feels obliged to point out that Clyde are one of the clubs would benefit massively in financial terms from having Rangers sent down to their division.

^{Broadwood holds 8,000 - so two home games plus any tv money - possibly .}

^{Response letter hits the right cord though}