I can’t tell you how many statements I’ve read from those trying to bring down Newco Rangers (bonne chance) but not one comes near to approaching the key question: what can they offer the the men and women who own shares in Newco to convince them to accommodate their future aspirations?
Threats, intimidation and blackmail are all possible incentives, but no one has actually put a case forward which would compensate the investment made by the shareholders who, let’s remember, own all club assets.
An enormous assumption appears to have been made that hedge funds and various Easdales will capitulate and simply walk away and sign their paid-for assets over to a group who are regularly abusive towards them. It’s like 2012 all over again, when parts of the world assumed HMRC would capitulate and agree to a CVA for Oldco, despite all genuine evidence (i.e. published policy) indicating otherwise.
Game Theorists would have a ball with this scenario. Shareholders are being offered a choice, hand over your assets to a hostile opponent or attempt to continue with a vastly reduced business. The former option should not be taken seriously.
Question is, where does this particular game end? It’ll not be in an outcome satisfactory to many of those dreaming of ‘competing with Celtic’ anytime soon.
This mind-set should be familiar. It’s the same one which blamed Celtic, or small-minded small clubs, the SPL and/or SFA, blamed anyone, in fact, apart from those who endorsed years of overspend at Rangers, for their eventual demise.
Walking headlong into unsustainable debt is no different than walking headlong into a conflict with hedge funds who would sell your valued acre for landfill rather than be held to ransom.
I’ll renew my season tickets tonight (still annoyed I didn’t do so in time for the free ticket draw). Whatever happens in the wider scheme of Scottish football, one club will be supported ‘through and through’.
Yogi Bare – The John Hughes autobiography:
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quonno
You should use its proper name which is the “Murray Park Conveyor Belt”.
In fact maybe they could take on Murray’s debt as well!!!
jackie mac
I’ve hurt my ribs so I have to read it in stages.
South Of Tunis:
Just a wee aside, you do know that Victor Gollancz ( Leaving Them To Their Fate -The Ethics of Starvation) was a Jew.
Ha ha good call from Gavin on SSB….will upset a few out there…..new team first administration event……panel either too slow or too feart to bite…
HH
dessybhoy
19:14 on
24 April, 2014
what makes the fans of sevco think that the present board of the 2012 club have the ownership of the stadium to bargain with?
Are you alleging that some folk in high places are hiding something?
quonno
You must have forgotten about good old Dave King or the return of SDM.
Silly of you really.
It will be OK soon enough.
Morrissey the 23rd – your youtube clip is hilarious. Many thanks.
vale bhoy
19:17 on
24 April, 2014
quonno
You must have forgotten about good old Dave King or the return of SDM.
Silly of you really.
It will be OK soon enough.
Whatever King might have talked himself into I expect SDM to adopt a policy of once bitten
trice shy.
Huns eating themselves …brilliant
Can any one point me to Easedales statement
http://www.bbc.com/sport/0/football/27142340
quonno
Just a question that they should be asking IMO, hope this results in their liquidation.
Quonno, there is absolutely no prospect of anyone outside of the Easdales, Laxey, Green, Whyte, Margarita, Blue Pitch …
Owning the assets. The fans are just about the only folk with nothing absolutely nothing in this. They stand to lose their season ticket money and the money the used to buy the snares in the great snake oil swindle of December 2012.
Rangers fans should be getting together with the Sfa, (I’m sure they will find some friends among them) , other friendly clubs to get a knock down deal on renting their playing surface for a fair bit.
Maybe Dermot dick dastardly will make the call on their behalf.
Oh the dignity of it all.
MightyTim
I am very sorry to hear what happened to your son.our club is about the fans,like yourself who have watched the hoops down through the generations,a tradition you ably passed to your lhad..
It saddens me that 4season books are lost to our club.that and the fact a young member of our support is lost too.i hope and pray a resolution is found my friend and a line of communication resolving this problem to all so youz all are back watching Celtic
HH
An T
mullet and co 2
19:22 on
24 April, 2014
You mention Green and Whyte.
Do you know something we don’t?
dessybhoy
19:14 on 24 April, 2014
what makes the fans of sevco think that the present board of the 2012 club have the ownership of the stadium to bargain with?
They can’t, read the accounts you shower of sevco
ItsonlyrealifyoubelieveCSC
Quonno
2 years of unbridled dignity…
yorkbhoy
19:25 on
24 April, 2014
Quonno
2 years of unbridled dignity
Are we going to squabble over a mere hundred and twenty eight years?
Bailie giving the goat chaser references at every opportunity.
ImsorrybutilovecarcrashtrannyCSC
Came out of 1st administration: Morton, Motherwell, Dundee, Livingston and Dunfermline. Indeed, Dundee and Livingston subsequently re-entered administration but survived that too. No others.
Did not survive 1st administration and were liquidated: Clydebank, Airdrieonians, Gretna, Rangers. These can never have a 2nd administration as they didn’t survive the first and were eventually liquidated.
This must be true as it’s all detailed here –
http://en.wikipedia.org/wiki/Administration_(British_football)
.
http://www.rangers.co.uk/news/headlines/item/6273-club-statement
Quono, Sevco 1690 or whatever they were bought the assets they then transfered to Sevco Scotland. Whyte had the first green the second although when I say Green it was prob Razvat rizvi. Then green sold his shares to Easdales. Laxey increased their share holding at some point as well.
But who has the deeds?
Whyte us trying to raise cash to prove that Sevco switcheroo was illegal and its his.
Do you have a different understanding ?
A wee thought before I go.
Will tomorrow be even better when the brown stuff hits the fan and Ally only gets £100,000,000 war chest.
Awe naw
Many thanks pal
mullet and co 2
19:32 on
24 April, 2014
Quite frankly the whole thing baffles me.
So will Rangers be suing the Irish blogger. End air quotes
Quonno
I hear all problems at Rangers will be solved shortly. They have apparently called in Igor….
Kitalba 19:15
I have never read Gollancz but Polish sound of his name intrigued me. His parents were Polish Jews.
Phil predicted admin by August if they chose to burn through the season ticket money now. Paul67 predicted sale and lease back by September.
Is there a change of heart given the lack of season ticket sales and Laxey employing a no frills guy.
Just in time for the marching season.
Tfc
Cheers bud.
I predict we will be a happy bunch tomorrow.
:-);-):-)8-)CSC
Am the fat one at the back
Phils predictions of late have been off the Mark.
TT
bournesouprecipe
19:44 on 24 April, 2014
Just in time for the marching season.
>>>>>>>>>>>>>>>>>>>>>>>>
Don’t you know, timing is everything…….!!!!!!!……(14/02/12 …… Luved the irony)
For ‘seasons ticket sales are slow’ read ‘we’re deed’.
Jurgen Klopp has ruled himself out of the running for the Man Utd job but said his brother Klippety might be interested.
Bigger lesson of history than my question would suggest.
What was the name of the city with biggest Jewish population in the world before WWII?
What was Jewish population in this city?
Name of the biggest city would be bonus.
TinyTim
Nearly as off the mark as GW February 2014
THE Club has received many calls in recent days from fans, shareholders and other interested parties with regard to the contents of an Irish-based internet blog which has published numerous allegations about the business affairs of Rangers Football Club.
The Club wishes to make clear that these allegations are totally inaccurate and that the Chief Executive and Board of Directors are fully focussed on the restructuring and rebuilding of Rangers Football Club as previously announced.
The Club has decided to make this statement as unchallenged, ill-informed and inaccurate comments are damaging to the reputation of Rangers Football Club.
Graham Wallace
Chief Executive Officer