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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Green will shortly meet Murray, whom he has never, ever,ever met before or even spoken on the phone.
Welcome back, Dave,
Ogilvie re-emerges on the scene, looking to sit down with Green.
I can’t join the dots, even though they are floating in front of my eyes.
CO still sounds chirpy and adopts a “wait and see” approach to the FTT and dual contracts.
Why is he speaking now, having kept his mouth shut for months?
If he has removed himself from the Rangers situation, why is he seeking a meeting with Green?
Finally, what is behind this first time ever meeting between Green and Murray?
Too much sudden movement for me, unless it is to get their stories aligned.
Reassurance welcomed.
Leftclicktic
” they can’t take our titles away ” ……
Oh yes they can
02/10 Spartak Moskva v Celtic UEFA Champions League17:00 *Celtic Park Time*
Thomthethim
Sadly I feel your suspicion is well founded
thomthetim
Reassurance welcomed.
You won’t be getting any from here :>)
Does anyone th
Here comes the nice,………
We got the nice babe …. why don’t you stay,……
Twa of ma favourites
Paddy T (n a ken)
The exiled tim
Cannae see a High Ct judge and two experienced QC s not applying natural justice
The punishment must fit the crime
….PFayr
The only thing they can do is take their titles away.
Seems to me that’s them getting away with the sporting scandal of the centuary.
How incredible that the head of a major organisation admits that he hasn’t been able to do his job properly for six months.
Anyone else would resign or stand down, at least temporarily…not our Campbell though.
What an arrogant man and typical of the ‘untouchable’ mindset pervading the authorities and the MSM in this country.
Stoopid phone! Does anybody think that Ogilvie might already know the outcome of the EBT case? Is he now saying that he’s in the clear and can plan on ‘meeting’ Green after all this time of silence???
#Ahschmellkeechcsc
DC or BC
Just reading through the blog and the big news of the day for me is that Ernie Lynch has been outed as a Crossroads fan.
Even as a callow youth, I could see how Crossroads crassly pigeon-holed characters into classes by their names.
You had the upper middle classes represented by clean cut names such Meg and Sandy Richardson, David Hunter – and the ridiculously monickered Adam Chance.
Meanwhile, below stairs we had the likes of Shooie McPhee, Amy Turtle, Vera Duckworth – and “Benny” (who interestingly shares a lack of a surname with EBT “Walter”).
Basically, if Crossroads was a newspaper – it would be the Daily Mail.
Oh Ernie !!!…
‘Wee Nigela’s fairly got wee-er’
OneShow not CSC
awe_naw_no_annoni_oan_anaw_noo
17:53 on 1 October, 2012
If that we’re to be proven, different ball game altogether.
But don’t you think that such a conspiracy would be impossible to keep secret, too many knowing too much.
More likely people reacting to events, reacting poorly, with vested interests in mind perhaps.
Ticketus and Craigy Whyte are almost certainly going to re-enter the stage at some point for Newco.
The Oldco directors are the ones sweating most as far as BDO is concerned.
All in my opinion of course.
Ogilvie hasn’t been doing his job properly for much longer than 6 months, no change there.
Vera Duckworth in Crossroads? What?
If it is proven that the SFA and the SPL were well aware of the deceit can the ordinary customer still if he is in possession of a match ticket or season ticket or can prove purchase ,,, seek financial retribution ?
If so anybody want to guess on the possible number of claimants ?
We must not forget the European fans who might have a wee gripe also and that brings UEFA fully into the picture
Therefore it might make sense for UEFA to disbandon the SFA and SPL.
Hail HAil
Andrew67 18:31
Nothing to do with this thread, nothing at all. I have heard no more on it (nor did I expect to) so it should make itself clear next week, as promised.
Which leads me nicely to an email that I had the pleasure of receiving today on a separate manner entirely.
It was succinct.
But if it delivers what it promises … well…
I hope to find out more soon and when I say I really can say no more, I really can say no more
Headtheball
my mistake – Vera Downend – even worse !!!
Awe_Naw
19:25 on 1 October, 2012
That’s what I hope will happen, must be easier than court cases that they would for sure lose.
Doc is Neil Lennon
what secret ?
See my Amoruso and Goram posts above … note the dates and the organisations involved.
We need to give our board far more credit for not only giving Murray enough rope to hang himself but eventually the SFA and SPL also. Now that was A secret and a fine one at that.
The way the SFL has reacted proves they knew what was going on also.
The Mafia for the mediocre
[CQN:]
There’s a sad sort of clanging from the clock in the hall
And the bells in the steeple too
And up in the nursery an absurd little bird
Is popping out to say “cuckoo”
[Green, Moonbeams, CampBill:]
Cuckoo, cuckoo
[CQN: ]
Regretfully they tell us Cuckoo, cuckoo
But firmly they compel us Cuckoo, cuckoo
To say goodbye . . .
[Marta, Gretl, Brigitta:]
Cuckoo!
[CQN:]
. . . to you
[CQN:]
So long, farewell, auf Wiedersehen, good night
[Awe Naw:]
I hate to go and leave this pretty sight
[CQN:]
So long, farewell, auf Wiedersehen, adieu
[SPL Tribunial:]
Adieu, adieu, to yieu and yieu and yieu
[CQN:]
So long, farewell, au revoir, auf wiedersehen
[Awe Naw:]
I’d like to stay and taste my first champagne
[CQN:]
So long, farewell, auf Wiedersehen, goodbye
[Green:]
I leave and heave a sigh and say goodbye — Goodbye!
[Moonbeams:]
I’m glad to go, I cannot tell a lie
[Camp Bill:]
I flit, I float, I fleetly flee, I fly
[Stewarty:]
The sun has gone to bed and so must I
[CQN:]
So long, farewell, auf Wiedersehen, goodbye
Goodbye, goodbye, goodbye
[Tartan Army:]
Goodbye!
HAil HAil
We need to watch here – there is nothing in those rules about awarding an award or title.
G6.1.18 may have us covered though!
….pfayr
19:06 on
1 October, 2012
I do think BDO are going to have a real go, but I think at the directors of the soon to be liquidated club, not the new one. I don’t think HMRC will believe they will get much from that avenue, they said as much.
To be clear, I am not stating this is what I want, just what I think most likely, and as I said would be very happy to be proven wrong, very;-)
Favourite SDM moments
#1 The principle reason for selling a large part of his metals business, and I’m paraphrasing here “…I just wasn’t getting excited having to travel to Hong Kong & Singapore to conclude business deals…” in weegie speak Sowf East Ashia wisnae big name enuff
TheCharlieNicholasofMetalsTradingAyrFC
Just a thought.
You can’t be half pregnant – you either are or you’re not.
Ask Sevco fans if they understand the metaphor.
awe_naw_no_annoni_oan_anaw_noo
Gotta go eat first.
Spawning an Alien ala Ridley Scott?
Spartak fans were going to show performance tomorrow. UEFA delegate officially forbade any of that stuff. Spartak Ultras say that the performance will go on the stands tomorrow. Spartak are under probation.
TET
We must not forget the European clubs who were defeated by the huns unfairly within European competition they also may demand compensation from a conspiring association and one that is nearly bankrupt.
HAil HAil
Awe_Naw
It’s the euro clubs I am banking on.
Not a hope of justice eminating from these shores.
O.G. Rafferty 17.25
Thank you for responding.
A67
Awe Naw
Whit, awaiting moderation.
Try again….
It’s the euro clubs I am banking on.
Not a hope of justice eminating from within these shores.
Been reading posts about CL press confernce questions.
Maybe our journos could ask these questions at return leg:
Does your team get pished on vodka before every game?
How many of your team intend to claim political asylum?
Do you intend to build a wall in glasgow?
Gabrielle Drake was a babe with a magnificent pair of space hoppers.
Anyone inclined to search her google images,would not risk being disappointed.
A67
sannabhoy
12:13 on 1 October, 2012
HamiltonTim , you no talking to me ?
petec , noticed a post earlier during the madness last night . believe you’re a bellsmyre lad . where from and when ? myself – murroch avenue , glenside
————————————————————————————–
Twas down by the glenside, I met an old woman
“Sir” David Murray – trying to swap his brass neck for an iron-clad alibi.
Is that what they mean by metal trader?
TET
apart from disillusioned fans of SPL teams who may have watched a corrupt competition for 20-12 years. Nothing to stop them going to a European court.
Hail Hail