Following on from the SFA issuing an important announcement just as the Olympics opening ceremony was getting underway (Mr Regan, take a long hard look in the mirror), Duff and Phelps yesterday issued their final progress report to creditors of The Rangers Football Club PLC (in administration), recently renamed RFC 2012 PLC.
….On a Sunday, when the Ryder Cup was guaranteed top dominate sports reporting. Anyone would think they didn’t want you to read it.
Take your time to read the report in detail here. For those of us who follow football finances there is a treasure trove of information seldom revealed in this detail.
During the period in administration covered by the report, 14 February 2012 to 25 September 2012, the club incurred trading shortfall of £4,007,635. Quite a remarkable figure.
The administrators received £2,457,420 remuneration on 10 August while the club paid £1,325,756 in legal fees as well as over £400k in legal and administration disbursements.
Buried (very) deep into the report is money paid to PR companies. They paid Spreckley £28,941 for media consulting in relation to the administration. They also paid Media House £141,441 for media consultancy in relation to the company. Is this another remarkable figure? Some creditors may be surprised but there is none here. Duff and Phelps will no doubt be prepared to explain to creditors the value they gained from this expenditure on their behalf at the forthcoming creditors’ meeting.
Duff and Phelps will soon be discharged and the club will be handed over to BDO who will liquidate it.
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T4 @ 12:09,
ha ha ha knew you’d bite at that
;-)
I had more than carried out my duty being the ole “writer” as it were.
HAIL! HAIL!
Token
South Of Tunis
12:04 on 2 October, 2012
Bill Drummond. Hence the name of his web site.
http://www.penkilnburn.com/
Chasbhoy,
Spoke to a mate in that neck of the woods. The pub in Creetown that was mentioned is closed. The best bet to see the game is the Galloway Arms which is in the main (maybe the only) street of Newton Stewart.
T4 @ 12:26,
ha ha aye very good……but you’ll not believe this, I already had them marked down on a cheeky treble of:
Celtic, Cluj and Galatasaray!
Not for your reasons though…..apt though it may be ;-)
HAIL! HAIL!
Token
Does Kris Commons need anymore incentive to score tonight than this snub from the Scotland Manager ? Wouldn’t it be great if KC scored against Spartak to make Levein look even sillier than he already is ? He’s currently 16-1 to score first with Betfair and 5-1 to score at any time.
bsr
Bobby Lennox –
– 589 games
– 273 goals
HH!!
Many people seem confident about tonight’s game. Our CL group stage record away from home means i am not one of those people
This will be a very tough match. If we come away with a point i will be delighted
TET
I don’t see Man Utd losing tonight. I take them to win narrowly. I fancy Zenit to beat Milan tomorrow though. Poorest Milan side in 25 years imo
TTT
Any truth in the rumour going around the Phoenix that you were the team scribe as you are the only member who’s mastered a pencil grip?? ;-)
Ten Men
Other teams would have had to follow those rules as well though , look at France their team that won the WC was made up mostly from African born players. So every country would have been affected or had to play on a level playing field as it were.
ernie lynch @ 12 41 .
Thanks for the heads up .
ht – don’t know about a pencil, but he can certainly grip the big white telephone to God…! :-)
T4
Tallybhoy
Thanks – I knew that was way out even as I posted it.
HT,
think GL2 could hold the pencil…….but it was the joined up writing that done for him
;-)
HAIL! HAIL!
Token
PS – PF Ayr should be a doctor, not an, ahem…lawyer. Did you see the state of his handwriting??? A crytpologist would have struggled with that gibberish!
bsr
Those were the goals he scored in the league – think it’s actually 167.
HH!!
.
Wonder if Sammi will wear His Sannies Tonight..?
Summa of YogiCSC
I used to be this…..I used to be that…..I used to do this…..I used to do that…..I used to be him…..Now I am me…..No country for me…..No nationality……I am Tribal……Celtic F.C.
HH!
Regarding the plastic pitch, people seem to forget we have our own plastic pitch at lennoxtown, the players will be ery comfertable on it. no excuses
T4,
unfortunately those telephone calls are getting more common the older i get……or something like that!
Now that i think about it, PF’s writing is probably rather neat, but it was just my eyes being all over the place, after drinking Guinness with him!
That Bhoy is not human when it comes to that!
HAIL! HAIL!
Token
Ten Men Won The League @ 12 45 .
” Poorest Milan team in 25yrs IMO ”
Yes —–real poor start to the season . Downsizing big time . Players having temper tantrums on and off the field . Rumors of a badly divided dressing room . Rumors that most of the players think the Manager is a prat .
Sicilian bookies ——
Zenit – 6/5
Milan 30/11
Draw 32 /13
So Craig Levein has said that he hopes Kris Commons is in the squad soon!!!!
As he has previously said that there are 7 better players in his position, does he hope that one of them gets injured??
Mort
SoT
The odds are sameish here.
Porto are big at home to PSG, as are Zenit home to Milan.
Swithering on a few trebles as well, some decent games in england tonight as well.
Wolves, Port Vale, Tranmere, Gills. all decent odds.
………………………………………………………………………………….
TenMen
I suppose that’s why the bookies never lose :>)
bsr
Have a vague memory of reading or hearing something Bobby, or possibly someone else, said – he reckoned that in a near 20 year career with Celtic he had about 40 goals disallowed.
Many of them were honest mistakes of course!
He was just too fast!
HH!!
Hi traveling to Glasgow airport this morning I had the pleasure of a sevco following taxi driver.
He has now enlightened me and guys we have it wrong in fact about ssvco, this guy could have been Traynor himself.
Punished to much , spl sfa are cheats , lawell runs Scottish football , it was only a bit of unpaid tax we all dodge tax if we can, Green is the new Fergus going to save them and fight anyone who says bad things about them , what about Nakamuras image rights and saved the best for last Traynor is an intelligent man and has called it right from the start
At this point I was trying to hold in the laughter ,
This guy was a gem and if they are all like this then god help them
That rankers united plum duffs mob of unreconstructed orange howlers will blow their own zombie feet off…..the more of them who gargle on about not turning up the more Greenie will turn up the heat, print free tickets like confetti and bus over boatloads of NornIron horrors to swell the ranks, prime Jabba with juicy tripe to fling about wildly,and generally start slagging off anyone within range with that awful whining drone he calls a voice.
>>>>>
But enough of the undead.
I think we could well scrape a win tonight. A plastic pitch has not hindered us before, and these days they are not the plastic pitches of yore. At least we are guaranteed a decent game.
I am looking forward to it big time.
Maybe Levein didn’t want it to look like a cave-in by selecting Kris on top of S Fletcher.
He has picked ratboy who may be suspended…could he not call Kris up when/if this happens?
Ernie Lynch
Thanks mate. Will try the Galloway.
Thistle today completed the signing, on loan from Celtic until the turn of the year, of 20 year old winger Paul Slane.
Good luck to the boy, been unlucky with injury since joining Celtic.
dbbia
Just seen your post,will check that out.
HH
Maybe they’ve found out Kris is English,and has no Scottish links?
Celtic were the only team in the Champions League who didn’t manage a single shot on target on the opening matchday.
Spartak picked up a joint-high five yellow cards on Matchday One. Spartak scored with both of their shots on target against. Barcelona on Match Day One.
Hamiltontim
08:48 on
2 October, 2012
Listening to TalkSport driving in to work this morning I thought I heard them say that Spartak have only won 1 of their last 10 home ties in the CL.
Is that right?
—————————————————————-
Quizmaster,my erse.
DougC
I hope you never gave the f*d a tip?!
HH!!
Worth a repost,kwalityman!
THE EXILED TIM @ 13 03 .
I fancy PSG. They have some fabulous players ——— Lavezzi / Verratti / Pastore etc . They have spent big and it looks like it is beginning to click.
I never see English football — I know next to nothing about it
traditionalist88 and Silver
Patience and trust needed I guess. I am ok with the patience …
on the same owner bit on liquidation and zombie co’s rules …. they are under the same (mis)management team with as many of the same (incompetent)employees as they could retain operating out of the same (slum)building under the same (revolting)image and (hateful)branding … make a difference? You would like to think so.
English football…..the curate’s egg.
new article posted.
Paul67
I object to clowns like Levien getting so many posts on this blessed site.
Can you no de sumthin’ aboot it?
Only been to one Scotland game in my life. That was THE one in Cardiff. Almost got set about by other Scotland supporters in the City, probably cos we werent wearing kilts or singing flower of Scotland. Anyway I never went back after the tragic event that night, it was a long journey home.
Todays Scotland, Team and Fans, are not for me, far too many hidden agenda’s. Shove it up your kilt.