Rangers in administration without tax case

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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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1,363 Comments

  1. …any chance someone would post excerpts from Duffield…..’explaining’…eh….stuff.

     

    Also any clips of revolting huns outside the magnificent facade would be appreciated.

     

     

    Thanks.

  2. West Wales Celt on

    listening to Snyde: first caller a ‘Celtic fan” concerned about the poor rankers peepl who might be losing their jobs as a result of the hun meltdown.

     

    Stopped me in my tracks for about 1 milli-second….

     

    GIRFUY ya bar stewards!

     

    DIE!

  3. prestonpans bhoys on

    Stringer Bell says:

     

    13 February, 2012 at 21:23

     

    Dear god in heaven!

     

     

    26 pages since 3.15pm!!!

     

     

    Where does one even start reading back………..

     

     

    and if this keeps up someone is going to be comment number 1690 – probably go up in a puff of smoke :-0

  4. One of the best days/nights of my life,.

     

    Does anyone really know who Whyte really is, could he be the person we all have said we would like to be by owning them and shutting them down?

     

     

    Merry Christmas CQNers.

     

     

    Hail Hail.

  5. Almost prescient, but not yet as violently turbulent.

     

    Them huns in establishment have felt in degrees the cold

     

    backlash of multi cup banishment, unmoved and smothered

     

    against a more frosty appraisal by the hun hooded scotty press

     

    their willingness to fleece over and in flock shepherd huberis

     

    advance the fraudulent market for wool-pulled flocketeering.

     

    HH

  6. Paddy Gallagher on

    Árd Macha says:

     

    13 February, 2012 at 21:24

     

     

    Glad you enjoyed it mate, proud to share it with you all..:-)

  7. jockcfc says:

     

    13 February, 2012 at 21:14

     

    bournesouprecipe says:

     

    13 February, 2012 at 21:03

     

    Fergus McCann. It’s time a wrong was righted. Fergus McCann to unfurl the League Flag in August. How about it?

     

     

    via mrmacfunn

     

     

    ………………………………………………………………

     

    i would love that and so would he

     

     

     

     

     

     

    If it happens ….. I will wear my tee shirt printed in Boots a long time ago showing me and Fergus shaking hands.

     

    He made mistakes but he was seldom wrong.

  8. the glorious balance sheet says:

     

    13 February, 2012 at 21:17

     

     

    I was struggling with your apparent sympathy for NaeBalance’s injury plight in the light

     

    of his team’s current woes.

     

     

    Then you dropped in: GIRFUY ya wee albino rat.

     

     

    Truly, most excellent, and yes, this wee rodent has taken on the Novo mantle of UberHun.

     

     

    Glad he’s sidelined no matter the 14 point difference.

     

     

    But what is it with them ?

     

     

    Why do they do it ?

     

     

    pigalle

  9. tommytwiststommyturns on

    For a long while now we’ve been hearing about a potential £49M bill for der Hun from HMRC, but there were certain posters who originally mentioned estimates of £73M. Kudos to those guys today with the latest reports of a possible £75M bill from the big tax case.

     

    Total endgame for them as they currently exist and a long way back for any Newco Rankers.

     

     

    I would still prefer to see them limp along in the SPL for about another 10 years, with any serious investors scared off due to their toxicity!

     

     

    T4

  10. ‘Commenting on the situation at Rangers, Sports Minister Shona Robison said: “I understand that Rangers and HMRC are continuing dialogue and we obviously want to see an agreement which will protect jobs and enable the club to stay in business. Rangers is a crucial part of Scotland’s national game, and our interest is ensuring that a resolution can be arrived at between HMRC and the club to deliver these vital objectives.”’

     

     

     

     

     

    http://www.scotsman.com/news/scottish-news/top-stories/rangers_fc_signals_intention_to_go_into_administration_1_2114762

  11. Zbyszek says:

     

    13 February, 2012 at 21:24

     

     

    I bought some of that in a Polish shop last Saturday for the return journey from Inverness.

     

     

    Never, ever again us Celts aren’t designed to handle that stuff :-))

  12. StMichaelsBhoy2 on

    My son was one year old last month.

     

     

    It is my dearest wish, one that is tantalisingly close to being granted, that he will never know Rangers as anything other than a defunct football club and will gasp with astonishment when I tell him what a horrible shower of bigots they were.

     

     

    I’m starting to believe he will grow up never knowing anything other than a Hun-free Scottish game.

  13. Mullet and Co says:

     

     

    13 February, 2012 at 21:28

     

     

    I’m not convinced the player’s contracts can be directlty transferred to Whyte with the rest of the assets.

     

     

    It amounts to slavery and it thing that term is even used in these circumstances.

     

     

    They will probably need to sign new contracts. I say probably because that is what I have seen when departments have been outsourced. there is no such thing as an assumption that the employee joins the newco.

  14. Suggestions for Rankers new name / new Co

     

     

    Helen st Harriers Fc

     

    Govan shitbuilders Fc

     

    Pheonix Fowlers Fc

     

    Tenners United Fc

     

    Griegs Blazers Fc

     

    Murraymint Dodgers Fc

     

     

    Can’t get enough 8¬)

  15. Ulster-Celt says:

     

    13 February, 2012 at 21:28,

     

     

    Football officianados all over the world must be hanging on his every word.

     

     

    Árd Macha

  16. Random thoughts as i process today. P67, PM, RTC accomplished more in their spare time than the trough dwellers who claim to be FT journalists. As stated earlier, thank you.

     

    Questions for lurking “journalists” trying to frame the dialogue.

     

     

    Were Gretna saved for the good of Scottish football? Livingston?

     

    Explain to me why Scottish football need rangers. They have caused their own downfall,

     

    should they not now have to clean up the mess? Do you support tax evasion?

     

    You state that SF needs Rangers, says who? Prove it. Is the truth that you need rfc because you cannot fathom a world where Celtic are the only show in town?

     

    Please look at the 80’s to see an example of the competitiveness of Scottish teams, both domestically and in Europe. Do you think a return to that level of competition is in the best interests of Scottish Football?

     

     

    No consequences for rfc = additional proof of a financially and morally bankrupt league. I’m sure the commercial sponsors will be lining up to give the league their money! In order to ensure sustainable commercial viability of the spl, rfc must be punished to the full extent of HM laws.

     

     

    \o/

     

     

    Lots to talk about P67, enjoy the glow. You deserve it.

  17. “Rangers will be here long after you or I will be here, playing at Ibrox. There will be no chance of Rangers going out of existence. No chance, whatsoever.”

     

     

    Craig Whyte 20/10/2011

     

     

    “From my early days as chairman I saw that administration was a very real option to enable the club to address these challenges and make a fresh start.

     

     

    Frankly, the case for administration in pure financial terms was compelling but I was acutely aware that such a great institution as Rangers could not be viewed exclusively in financial and business terms.

     

     

    The fact is that Rangers ongoing financial position and the HMRC first tier tribunal are inextricably linked.

     

     

    As I have said before, Rangers costs approximately £45 million per year to operate and commands around £35 million in revenue.

     

     

    From the outset I have made it clear that I do not think it is in the best interests of Rangers to throw good money after bad. Against a backdrop of falling revenues, costs have to be cut significantly.

     

     

    Painful as though that may be, it is the future of clubs such as ours.

     

     

    There is no realistic or practical alternative to our approach because HMRC has made it plain to the club that should we be successful in the forthcoming tax tribunal decision they will appeal the decision.

     

     

    This would leave the club facing years of uncertainty and also having to pay immediately a range of liabilities to HMRC which will be due whatever the overall result of the tax tribunal.

     

     

    In blunt terms, if we waited until the outcome of the tax tribunal, the risk of Rangers being faced with an unacceptable financial burden and years of uncertainty is too great.

     

     

    We should not forget the tribunal relates to a claim by HMRC for unpaid taxes over a period of several years dating back to 2001 which, if decided in favour of HMRC, the club would be unable to pay.”

     

     

    Craig Whyte 13/02/2012

  18. Paul 67

     

     

    Thanks.

     

     

    Clearly I’m not familiar with the rules. Based on that comment I clearly am missing the point. Please feel free to educate me!

     

     

    Why would a new company, a seperate legal entity, be in any way responsible for any debts associated with a liquidated company?

     

     

    Even Ticketus, assuming they were dim enough to secure on the tickets alone, would surely be stuck? They secured on the ticket sales of a liquidated company. Nothing to do with the phoenix, who would surely be free to sell tickets without restriction?

     

     

    Duh?

     

     

    Yogi

  19. Well done to all the great contributors.

     

    It has always been a great read.

     

    Keep up the good work in the coming weeks.

     

     

    God bless The Celtic.

  20. JimmyQuinnsBits says:

     

    13 February, 2012 at 21:04

     

     

    have resisted the temptation of tucking in to the wee jura tonight, that’s our saturday night! :-D

  21. yogi

     

     

    I read your initial post, clearly grammar, spelling and syntax has improved since school :-))

     

     

    Really relaxing time mate, it was much needed as the last 4/5 months have been pretty difficult. I’ve still got your email and if it’s ok I’ll be in touch soon.

  22. An extract from “Rangers – the complete record”….

     

     

    “The tribal chants that thunder down from from the towering sierras of stands at Ibrox stadium, from thousands of voices in unison, make manifest the uniqueness of Rangers and the intensity of passion with which its supporters identify with the club and what it represents. There is no football club anywhere in the world like Rangers. It has a singular place in the Scottish ethos. It mirrors the life of Scotland in a way that is incomparable, surely not duplicated anywhere else in the world, even by richer clubs in bigger countries.

     

     

    Its sustained success and achievement over more than 120 years has seen it become institutionalised as the flag carrier of what a majority of Scots would consider to be national virtues – Protestant, Monarchist tradition and Unionist in the literal sense of the Union of Great Britain and Northern Ireland. Red, white and blue are the Rangers colours.

     

     

    The Union flag, the “Union Jack” was inevitably the flag of establishment Rangers, the club of the Protestant faith, of the monarchy and the union, not to mention the Masonic Order and the Orange movement.”

     

     

    This is such a sweet day.

     

     

    I have often thought that more than anything else, Murray’s decision to ban the Celtic supporters from Ibrox in 1994 typified the establishment clubs utter arrogance and “we are the people” mentality.

     

     

    He was trying to humiliate Celtic however the team performed brilliantly and but for a cruel deflection would have won the game.

     

     

    Incidentally, he could not ban me and I was there to witness mass outrage when the little plane flew over Ibrox with the immortal words “Hail Hail the Celts Are Here” trailing behind in the sunshine.

     

     

    The club of “the masonic Order and Orange movement” is in the grubber

     

     

    Their day has come!

     

     

    Bloody good riddance and hell mend them.

  23. Paddy Gallager and Midfield Maestro, thanks for those kind words. Don’t post much these days but still about. Paul, your playing a blinder, but 90mins not up, but soon eh!!!

  24. Dont know about you lot , but i would rather have ten graham spiers , than ONE keevins . mojo no 2 as far as im concerned .

     

    But i would rather the whole lot of them disappeared along with their team . then that would put an end to bigotry .

     

     

    hail hail

     

     

    jimtim

  25. This must be ………………………….

     

     

     

    A day………………………….. of days……………………………

     

     

    .

     

     

    Bigjoe………………………………………stuckFORwords

  26. MadMitch

     

     

     

    So we became DU/Killie & Well on 8/6/08.

     

     

    Were we still at that level when we got Robbie Keane et al in Jan/ Feb 2009? I don’t remember them having players of that calibre at the time. I don’t recall any of these clubs having spent above 250k on a player during the period 2008-12. You sure that is not just a very stretched and unsustainable comparison?

     

     

    I can agree with your statement:-

     

     

    “We are at best player traders and at worst when we have no CL / EuL money we are player sellers.”

     

     

    That makes us just like Porto, Ajax,Lyon & Benfica. Not quite the jab you wanted to land. Until clubs like ours can get the TV subsidies that currently bigger clubs in bigger leagues enjoy, it will be futile and simplistic to blame any human for our inability to gain access to the top table.

  27. tommytwiststommyturns says:

     

    13 February, 2012 at 21:32

     

    **************************

     

    I had that same conversation with wee Derryghirl, it was 3yrs ago on CQN that it was mentioned and the figure was £70 odd million, it sure did take a while for the media professionals to catch on…… about 3yrs, perhaps it was denial?

     

     

    V

     

    HH T4