This evening’s announcement by Dunfermline Athletic that they no longer expect to receive timely receipt of the £80,000 ticket money Rangers FC PLC (in administration) owe them will heighten concerns at Inverness Caledonian Thistle, who have a stock at tickets with Rangers right now, money for which will be received by the administrators in advance of their game later this month.
The administrators have yet to decide whether to retain high-earning players or make more funds available for existing creditors, and future creditors, like Inverness. As ticket sales for the Inverness game are on-going, the administrators will need to be aware of their legal position before retaining a premium squad.
One final push (this week) for the Vanessa Riddle Appeal. We have a Celtic top signed by the first team squad available to auction on eBay. You can bid on the auction and help send Vanessa for the treatment she needs by clicking here. Thanks to Penfold for the donation and to Taggsybhoy for organising (yet again).
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Paul Mc Bride on sky sports was reassuring I thought..
I loved the line
£49 million or £75 million? They re still screwed!
I saw the following banner at the AC v Arsenal game tonight, any Italian Bhoys know what it means? :
http://i44.tinypic.com/hw9zjq.jpg
IB @ 19.45
Wee Eck has a brass neck you could mine.
This is his worst nightmare, an event he cannot control.
Complex with history and no easy way of blaming Westminster.
He won’t want the mentalist element of the TFOD support – 50-60% and counting – causing merry hell as the realise the extent of the mis-management and the financial catastrophe that SDM and CW have engineered.
He needs a quiet 24 months to work up his plan to try and build himself a self governing puddle. A long drawn out, messy decline of the TFOD will be his stuff of nightmares. It will generate a whole Aries of questions about Scotland, it’s civic society and it’s national institutions that he does want out in the open.
My money is on a scandalous fix worked up in Ludges across Scotland then rubber stamped and financed by Scotland PLC to allow them to continue with as little discomfort as possible.
The money owed to HMRC will have to be paid back.
Any cut price / sweetheart deal will be seen as anti English.
Huge lever available to Dave the Rave to put Wee Eck back in his box.
Consequently “Civic Scotland” will get very innovative to sort all this out.
of note the statement on SKY said In broad terms Rangers FC will continue.
In broad terms……..
I have been seriously upset over the past couple of day’s due to not being able to laugh too robustly due to a bout of man flu.
If they manage to hold on to poundland(or is it the ‘Big Hoose’) I would seriously doubt they would get sufficent fans through the turnstile to enable them to afford to play there, how many ‘true blues’ will turn out to watch them playing against any of the current 3rd division teams.
Ticket prices would be on a par with the rest of the 3rd divison
TV revenue – lol
Even if they managed to get to the SPL eventually who in there right mind would ever extend credit terms on player transfers to them – not a hope, cash up front please.
The real worry is if they manage to get the 100k supporters that went to Manchester for the euro final each to chip in £500 for a share in newrangers they would be able to pay the Big tax bill, Drat, I have just remembered it was chelsea supporters pretending to be rangers supporters that were in Manchester, no luck with that idea.
Vaultbhoy
In my opinion the big day for redundancies at Ibrokes will be next Monday one of the main objectives of the administrator is to ensure Sundays game takes place and with as many orcs in the stadium as possible.A game cant take place without the players and the back ground staff the groundsman,the Chefs,the ticket office etc.etc. So they will do there best to try to ensure the game passes without problem.The cut backs in staff will only come sooner if they will not be required for sunday or some other dramatic circumstances arise that they cant control.H.H.
imo staff will be lucky to be paid this month & defo redundancies.
Hail Hail
Gordon_J backing Neil Lennon at 20:47
HMRC will get something even if it means liquidation. The stadium and players are still worth something to someone. New investors won’t just get them for nothing.
Mort
pogmathonyahun says:
15 February, 2012 at 20:49
It means
‘And also the Queen’
i’m assuming part of the banner read ‘F Arsenal’
*Thumbs up*
Barcabhoy says:
15 February, 2012 at 20:12
Regards Salmonds comments, to be fair to him, he didn’t say Rangers would pay back less, just that it would be over a long period of time.
When you think about it, that would probably be the best possible outcome from the perspective of each and every one of their competitors. The only outcome most people would prefer is complete demise, but, we all know that the worst possible outcome is that they are liquidated, re-constituted and enter from the basement of the league. There will be some kind of club and for better or worse I expect they will return to a strong position and their fans may become even more ugly in the process.
At any rate, if Rangers are allowed to exit administration with a 20 or 30 year repayment plan, suitably adjusted for inflation, then they’re still going to struggle to make ends meet. It’s a lot of money for a company acting within the law to pay out, even over 20 years, £3m+ a season at current rates. Granted this gives them hope, but, they would have limited credit, ongoing bills (which, it must be pointed out they also can’t meet), declining income, and an inability to invest to grow the business. It would take a seismic shift in the makeup of European football to offer them any hope, and even that would be slight. It would also shaft Craig Whyte, which, given the tax will be repaid, may be the greater good if we keep our civic heads on for a minute. Men, such as him, are a far greater evil than Rangers in my opinion. It is, of course, best of all that this bankrupt individual met this bankrupt organisation and this ‘union’ will bring both down.
Anyway, the tax case is apparently moot, because they entered administration before the requirement to pay the tax bill was forced upon them… just one of the absurdly obvious questions that our faltering media have failed address with any confidence or conviction.
Evidence that we should chill the hell out where they’re concerned – they could never organise a conspiracy against anyone – and if their infuriating bias and incompetence has done anything significant, it has clearly been in pulling the wool over the Rangers fans eyes, resulting in them sleepwalking over the edge of a cliff. Did Fergus anticipate the mess, and pay off the media to this end? A far more effective conspiracy.
No, they’re just incompetent.
Barcabhoy, that last bit was entirely undirected at you, just some associated thoughts.
Gordon J, despite the utterances from Salmond et al. I think the liquidation route is the likliest outcome.
Indeed, I think HMRC have known all along they are unlikely to see their money and are looking to make an example of Ranjurs and set a legal precedent. However, is this in the best interests of Celtic?
Silver City Neil Lennon says:
15 February, 2012 at 20:45
Not sure about pre-whyte but I reckon he could end up in Court…just my opinion.
Keep the Faith!
Hail Hail!
3-0 AC Yessssssssssssssssssssssssssss
Milan 3 Arsenal 0 the now
Dessybhoy.
Owing money to the taxman ensures they cannot get a registration for European football which means further cuts, which means less fans, which means further cuts, which means less fans etc.
Ever decreasing circles.
Gods a tim
Andy Townsend is to commentating as Craig Whyte is to building businesses
Dunfermline should have known better
take a lead from CFC …we saw the huns coming
twists
:)
No apology for re-post, relevant to current thread…
bjmac says:
15 February, 2012 at 18:42
How the media works….
Got back in from work tonight to my wife saying “you’ll not be as happy tonight” I responded “Why would that be darling” or words to that effect ;-) wife responded with “well rangers aren’t going bust now”
I burst out laughing, she was insistent after watching the lunch time news, and listening to the radio all afternoon that everything was going to be ok, I had to explain….
It is amazing the sheer blatant sickly outpourings from all and sundry. For me however the biscuit must be taken by the sycophantic statement released by Yorkston, hopefully DU, Inverness & Hertz aren’t as accommodating. To basically say wel they’re in admin and we won’t get paid and that’s that to the next sentence put pressure on your own fans to make up this shortfall!!!! Hunbelievable, If I were a Dunfermline fan I would be writing him a strongly worded letter that he should be pursuing vigorously all monies owed in a timely manner. Yorkston is a total out and out HUN, Chris Sutton was correct.
hh
bjmac
Re. Salmond’s comments.
Two things are certain in this world.
1) Night follows day
2) Politicians will do anything to get a vote
Margaret Curran spouted some guff about rANGERs today. This was the typical opportunism of an opposition nobody with zero influence.
Kim-Jong-Salmond simply jumped on the bandwagon.
Hail Hail
Articles in tomorrow’s Hootsman by Graham Spiers and Michael Kelly re orcs and the various shenanigans :-)
Off topic,
Looks like the English Euro Co-Efficient is going to take a hammering this year, cant see any english team getting into the quarter finals
AC first goal? Prince been watchin Sami???
The Blogger Formerly Known as GM,
Good question. There are many obvious gains for us with liquidation, assuming that Newco doesn’t get straight back into the SPL. League wins, cup wins, CL qualification and so on.
We would lose tv money and two visits from their fans a season. A significant amount of money but we could recut our cloth to cope.
Ten Men Won The League says:
15 February, 2012 at 20:48
I agree with you regarding the source and that it would be highly unlikely an Administrator would say it publicly, hence why I used the word attributed, I simply was asking for Paul67’s view. I know my view and now know yours mate both of which are the same.
Keep the Faith!
Hail Hail!
Back to Basics – Glass Half Full says:
15 February, 2012 at 20:58
No.
Curran issued some stock platitudes about redundancies.
Salmond said the priority was to keep the huns going.
I’ve no doubt that if Scotland was independent the huns would be saved.
Evening gents,
Listening to Brian Moore standing in for Andy Gray on Talksport this morning. He has been the only person to ask the question of what the £75m would do for the military, police and heath service. Now where did I read this in the Scottich media……….oh I know no feckin where.
Morally bankrupt as well as financially bankrupt.
wonder if the Burnbrae hotel in Milngavie got paid for all they trialists who turned up for Breakfast,or in some cases not many Bed and breakfast,during the transfer window.or are they joining the queue like everybody else to get their money.
Even Bartley would get a game in that Arsenal back 4
Nakagod-I take it Milan will be charged and fined for such an offensive banner :<
If anyone thinks rangers fc(in administration) can come out of this with a Kays catalogue type agreement with HMRC and other creditors, they are on a different planet (planning a £20b bid for cousin no doubt)
HH
Amadeus gently suggests that all tims watch newsnight scotland tonight.
The star turn is John Mcfall
It just keeps getting better…
Lennybhoy…Supporting Neil Lennon and CFC until I die says:
15 February, 2012 at 20:47
HMRC weren’t looking just to get money back off Harry Redknapp. They were out to put him in jail. They want to scare the rest of football to death. I can’t see them taking the pennies in the pound a CVA would require. There is always that nagging doubt though.
There is no negotiating going on.HMRC might be doing this so other creditors and innocent parties are recompensed from this process. It dilutes the number of disputes that will reach court and helps distressed creditors pay more tax and better survival chances and then they cut their throat.
HH
Why are STV, Scotland Tonight, giving more airtime to this Dingwall character?
The Honest Mistake
ever decreasing circles is right
despite what their administrators say they`re Donald Ducked
i can`t see where they are going to get the income to limp thro` to the end of the season
IMO we should boycott the next derby game …..that would put a HUGE dent in there financial position
Bada bing
I don’t see any sign of voguepunter tonight is he around?
cause you know what he’s like when he’s no invited to parties and we’ve got this party on Friday night with free beer awe night inside a brewery.
Don’t want to make him jealous
Seanbhoy
he`s about as acceptable as they come :¬)))