There are not words powerful enough to describe today’s news. The English language is insufficient and I have no Greek or Latin. Rangers Football Club have today asked the Court of Session to appoint an administrator, unable to service their creditors. The freight train of their tax tribunal has yet to hit, these events relate exclusively to how the club has operated in other areas.
Scottish Premier League rules state that clubs are deducted 10 points on going into administration, which will give Celtic a 14 point lead at the top of the table once in effect.
This is a day we have predicted will come for over three years. It has been inevitable for that long. Now the really interesting events will happen.
We don’t need no stinkin’ Rangers.
Up the Celts!
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Speirs rambling about SDM’s moral culpability.
Yet NO hint of moral culpability to tax payments, tainted titles or unpaid clubs and suppliers.
Selective morality
Roses and champers when Rangers die
Cards and chocolates when Rangers die
Poetic Justice :)
Stewart M. Regan @StewartRegan Reply Retweet Favorite · Open
….we will be liaising closely with the SPL and keeping abreast of developments
spiers etc- i look forward to the day when the people –
through truth -will dismiss the lot of youse-and ask –
through honesty for a freer press-truth is the
journalists gold-ur all a disgrace
Speirs is now a mind reader – PL didn’t really mean what he said! You just couldn’t make it up.
Wozzatim,
Sorry to mis-lead you, I also was circa mid sixties.
Left those shores in 73
Still live abroad but keep up with all things Celtic through Channel 67 and obviously this site.
HH
OA
Snake Plissken says:
13 February, 2012 at 19:45
Well said!
Craig whyte’s voice reminds me of the accent adopted by Karen Dunbar when she played the uptight biology teacher in chewin’ the fat
STV Ragers News
A stockbroker firm linked to Rangers owner Craig Whyte has been banned by a finance watchdog after it used clients’ money to pay expenses.
Pritchard Stockbrokers Ltd has been punished by the Financial Services Authority (FSA) after it “used client money to meet its own expenses, thereby putting client money at risk.”
Mr Whyte, who bought over Rangers for a nominal £1 in May 2010, has been company secretary at the Bournemouth-based firm since he invested in the business in 2009.
On Monday, Rangers lodged a notice of intention to appoint administrators with the Court of Session as the action was taken against Pritchard.
In its findings, the authority has effectively placed the stockbrokers in lockdown, as it can “not carry on any of the regulated activities” apart from “to close out transactions which have already been commenced”.
The FSA also has an order in place to stop the firm selling on or releasing any of its assets over “concerns” about its dealing with clients’ money.
The watchdog ruled Pritchard “failed to arrange adequate protection for clients’ assets when it was responsible for them” by allowing “client money to be used on Pritchard’s own account”.
It also said it was “not satisfied that Pritchard is a fit and proper person having regard to all the circumstances” after the findings of its investigation and it had made the in order to “protect the interests of consumers” with immediate effect.
In response to the findings outlined in the supervisory notice, a spokesman for Pritchard Stockbrokers Limited said: “The FSA involvement concerns a technical matter which we are currently addressing. We are liaising closely with the FSA.
“Craig Whyte has been the company secretary since he invested in Pritchard.”
Merchant House Group, which acted as an introducer to Mr Whyte when he launched his six-month takeover bid of Rangers, is one of Pritchard’s clients.
It confirmed on Monday that it was taking steps to appoint other money handlers after the money-handling ban on Pritchard.
In a statement to the stock exchange, the company said: “Merchant Capital, a wholly-owned FSA-regulated subsidiary of MHG, is a client of Pritchard, which holds all client monies of Merchant Capital’s Structured Products division (but not other divisions) in segregated client money bank accounts.
“The group is in the process of making arrangements for the handling of client monies with alternative providers. The board of MHG does not believe that the group or any of its clients will suffer economic loss as a result of the notice.”
I’m a Tim who wants to see the rules applied properly to them regarding relegation,I don’t agree with the panels take Scottish football needs them but I could live with that opinion if at the time the media said the same when Celtic faced administration instead of sending a hearse to Celtic Park.
Forgot to add…
newco Rangers = new wikipedia entry
1873 – 2012
then 2012 … No history continuation, only two Scottish teams will have won a European trophy etc, etc, etc, certainly not if HMRC has anything to say on the matter, and if HMRC has anything to say so shall the BBC and any company funded in some way by the government.
Guys, I’ve hooked a few comments for language, please refrain.
Broonsauce, ha! Thank you for your kind words on this wonderful day.
ianinascoli, do that.
SFTB, jelly, add boiling water, stir. Wait. Service with a spoon.
paranoidbyexperience, take care and enjoy.
ourselves alone, welcome and thank you.
Nakagod, it’s a great day.
leftclicktic, aye. I remember that too, Rangers sites wrote articles mocking me. Don’t know where they guys are now, hope they’re OK, I’ve not heard from them in a while.
EKBhoy, yes, long time coming but nothing surer in life than it actually coming.
My ideal Glasgow derby game at Celtic park.
Kick off,Celtic score,ref blows for time up,pub.
Yeehah! Finish at 8 and a cheeky wee pint is on the cards.
I’ll be toasting all of you for all the great times that surely lie ahead.
HH
AoW
The final countdown on an ad on clyde – couldn’t write it.
When you take a walk round your estate tonight
You’ll never believe your eyes.
The Huns Curtains are shut and their doors locked tight.
Because they goat a BIG SURPRISE!!!
MWD
There is only one answer to the ” they need each other ” argument –
Where we’re those arguments in 1994 when we were on the brink? We got no tea and sympathy from anyone. Murray and Rangers were convinced that they could dominate not only Scotland but Europe and we were simply an obstacle in the juggernauts road.
Thankfully Fergus and the fans were prepared to pony up to prevent meltdown.
Perhaps the LL were blinded by the smoke and mirrors then but I recall absolutely no suggestion that Rangers wouldn’t survive without us , not from the press and certainly not from the fans.
To hear the fear in the voices of all those connected with Rangers has a certain irony.
Lovin’ the Huns demise but ………………….it’d be boring and …………………we’d be losers in many ways if they didn’t continue in some shape or form.
Hard enough now getting tv deals. Sponsorship would not be as competitive and, if the league becomes less attracxtive, potential signings would view it that way too.
I reckon we need Rangers ……………………but just a crap version of them.
The older I get, the more I hate our games against them.
As for a league without them? Sign me up.
If they go into administration does that mean Whyte doesn’t need to sign off the accounts?
From FF
_________________
‘dad, ive still got £100 of my Xmas money left, can’t we all help’
Brought a lump to my throat, he’s 14
_________________________________
Re: ‘dad, ive still got £100 of my Xmas money left, can’t we all help’
Take it off him we need it
_______________________________
If Rangers were detested by us simply because they were our biggest rivals in the way that, for example, Spurs and Arsenal are, then maybe quite a few of us would miss them if they disappeared. The fact is, what they stand for (basically, Protestant superiority in Scotland) , the lack of criticism from a compliant media , the covert (just about!) support of the Scottish Football Establishnent and the honest mistakes from the MIB is why the majority of us (I believe) would be perfectly happy to see them disappear. Yes?
JJ
Cyber high-five anyone?
how funny is it that the huns are trying to cling onto us, giruy
Gordon Smith ‘Rangers will always be here (Ipox)’, that’s it then ….. St.Mirren Park or Hampden it is then!
Funny how the Hun fans are now desperately declaring their need for Celtic
Their financial skulduggery is one of the less unpleasant aspects of their make up but it is the one that’s been their undoing.
Violence, bigotry,repression and intolerance are some of their more loathsome characteristics but they would never have been penalised in any way
for these. Not in Scotland anyway where they and their kind make the rules.
I think there should be the start of an annual FREE concert at Celtic Park this summer. Culminating in the Board band which will comprise solely of Board members … and if I may push the boat out a wee bit I think Peter Lawwell should sing this song as the opener of their set while wearing an Alvin Stardust type glove with a ring on it and a sexy scowl …. Take it away Peter…
Hey Minty shyster what have you done Hey Minty shyster who’s the only one Hey Minty shyster who’s your superman Hey Minty shyster who’s the one you want Hey Minty shyster shot gun!
It’s a nice day to start again It’s a nice day for a Whyte shredding It’s a nice day to start again.
Hey Minty shyster who is it you’re with Hey Minty shyster what’s your vice and wish Hey Minty shyster shot gun oh yeah Hey Minty shyster who’s your superman Hey Minty shyster shot gun!
It’s a nice day to start again It’s a nice day for a Whyte shredding It’s a nice day to start again
Pick it up Take me back home, man
Hey Minty shyster what have you done Hey Minty shyster who’s the only one I’ve been away for so long (so long) I’ve been away for so long (so long) I let you go for so long
It’s a nice day to start again. Come on! It’s a nice day for a Whyte shredding It’s a nice day to start again.
There is nothin’ fair in this world There is nothin’ safe in this world And there’s nothin’ sure in this world And there’s nothin’ pure in this world Look for something left in this world Start again
Come on It’s a nice day for a Whyte shredding It’s a nice day to start again. It’s a nice day to start again. It’s a nice day to start again.
HH
quonno
“Leaving aside the misery of 1958-65, it took a radical change of direction at the top to usher in 1966-74. ”
I don’t disagree that Jock’s arrival made a huge difference but we had sold two world class footballers in Collins and Crerand and still replaced them.
Jock’s period also included 74-78, (car crash period in 75-76 excluded) and he could not sustain the trick.
My simple assertion is that we have always been a trading club. The only time we are comparable with DU/Killie & Well is when they equal or better our football success. I have not noticed Killie bettering us since 1965, United since 1983 and I have never felt Well were equal to us in my lifetime.
Even when we lost 3iar we were better than these clubs and I resent the equation.
HECTOR
Estate? Is that the same as a scheme!
Hugh Q: “Rangers will always be here but what will they look like ?”
A: Eyes too close, a bit ugly, bad attitude & appalling dress sense…..
pigalle
Ragers going bust is not good for Celtic!
……………………. it’s absolutely amazing
‘Celtic need Rangers’
‘Rangers need Celtic’
The media campaign is in full swing.
Be very afraid.
Snake
That was the point I was trying to make on Clyde earlier but they cut me off.
You are 100% correct.
HH
I’d happily have Aberdeen, Dundee Utd and Hibernian as our biggest rivals. If Dundee, Hearts and Rangers all go to the wall then you’ll get 1 team per city in the SPL, that can only be good for the game :-)
http://www.youtube.com/watch?v=2W-IxxOlB7k&feature=player_embedded
The news has traveled far and wide
after months, if not years, of Celtic sites stating that Rangers were heading in this direction. What do the journos do? They ignore the fact that they didn’t say they saw it coming, the warned everyone what was coming…
No, they have a go at Celtic fans for wanting a life without the hun.
the same lapdogs that told us we were finished and we would need to somehow survive in spite of rangers in 1997/1998 (succulent lamb/Muz) are now saying that we cannot live without them.
What kind of idiot comes up with Muz (Murray)? It has to be up there with succulent lamb. What a breast.