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. hamiltontim at 16:14

     

     

    One wee thought. Could this be a ploy by CW if the HMRC case were to go against them this week?

     

     

    Don’t think it will matter much. HMRC will still enforce the judgement on them whether they are in admin or not. Just means HMRC might not get as much back as they would have hoped but they won’t let them off very easily and they will certainly see through a phoenix company and will pursue them through the courts if needed.

     

     

    Mort

  2. Paul67 – This is sad news.

     

     

    It looks like Rangers FC, a giant of the Scottish game since 1873, will soon be no more.

     

     

    What a Blue Monday indeed.

     

     

    I hope we show the appropriate respect and hold a dignified minute’s silence at the next game.

     

     

    No flowers. (thumbsup)

  3. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    oglach says:

     

    13 February, 2012 at 16:18

     

     

    I was only being my sarcastic self.

     

     

    The huns are going down

     

     

    Newco WILL NEVER HAPPEN !!!!!!!!!!!!!!!!!!!!! NEVER!!!!!!! not as Rangers 2

     

     

    HAil Hail

  4. OK

     

     

     

    Lets get down to basics

     

     

    1. Who are all out of contract in the Summer? – All let go

     

     

    2. Where can they generate cash? – The Russian transfer market, any offer accepted. No more cup games, no catering income, no merchandising!

     

     

    The way I see it they can only get ready cash in 2 ways.

     

     

    1. Ask all the season book holders to pay again at the gates.

     

     

    2. Ask the SPL & SFA for advance payments. ( We should be able to block this mibbie)

     

     

    This is gonna be fun

  5. Paddy Gallagher on

    Driving out the gym car park at 15.18hrs, I heard the noise of something landing at my feet. I stopped and bent down to find my old Mans Celtic Crest keyring lying on the floor. This has hung on my car keys without falling off for 10 years since he passed away. As I picked it up my mobile text alert sounded and I read the news. Thank-you Lennybhoy, that moment will live with me forever.

     

    Cheers Da, I know you ‘know’.

  6. jude2005 is Neil Lennon \o/ on

    And now the end is here and they face the final curtain. How does that song go again??

  7. I take it Peter got the nod earlier hence the pre emtive accounts and we dont need them talk from this morning. nice….. and well timed PL.

     

     

    KLV

  8. Cumbernauld No 1 on

    Multi Screen Large TV ordered to keep up with all the news on Busted Huns. One Large Monitor ordered for PC to keep up with CQN. Special offer came with Free Jelly and Ice Cream. Happy Days.

  9. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    How does it feel

     

    To treat me like you do

     

    When you’ve laid your hands upon me

     

    And told me who you are

     

     

    I thought I was mistaken

     

    I thought I heard you speak

     

    Tell me how do I feel

     

    Tell me now how do I feel

     

     

    Those who came before me

     

    Lived through their vocations

     

    From the past until completion

     

    They will turn away no more

     

     

    And I still find it so hard

     

    To say what I need to say

     

    But I’m quite sure that you’ll tell me

     

    Just how I should feel today

     

     

    I see a ship in the harbor

     

    I can and shall obey

     

    But if it wasn’t for your misfortunes

     

    I’d be a heavenly person today

     

     

    And I thought I was mistaken

     

    And I thought I heard you speak

     

    Tell me how do I feel

     

    Tell me now how should I feel

     

     

    Now I stand here waiting

     

     

    I thought I told you to leave me

     

    While I walked down to the beach

     

    Tell me how does it feel

     

    When your heart grows cold

  10. Ulster-Celt – over 2000 currently reading KDS ;-)

     

     

    Timposters unveiling themselves on FF

     

     

    too funny

     

     

    To think the Mayans were right all along.

     

     

    2012: Year of the Hunpocalypse. (thumbsup)

  11. Hard to take this in, but if Paul 67 is taking a moment to drink some sparkly stuff, it must be a meaningful afternoon.

     

     

    I only have tea, but here’s to the whole Celtic family, the whole world over and here’s to the band of the blessed who gave so much time, money, blood, sweat, tears, toil and love to Celtic during their days on earth to give us the club we have and love today.

  12. the long wait is over says:

     

     

    13 February, 2012 at 16:15

     

     

    neveralone says:

     

    13 February, 2012 at 16:09

     

    Im I overly sentimental to think of my Dad (RIP) at this exact moment?

     

     

    No – I’ve done exactly that and texted my mum to tell her so

     

     

    Thanks for that Long Wait. I was feeling a bit of a cissy!

     

     

    When closing time comes tonight my minds eye will be wandering to see him joyously staggering in (never could hold his drink lol)

  13. CultsBhoy loves being 1st on

    Sometimes I think I was born lucky..

     

     

    I had a great upbringing with really brilliant parents

     

     

    I married my school sweetheart who is a wife to be proud of

     

     

    My children are both fantastic kids

     

     

    I have a great circle of pals

     

     

    …today my children have an in service day and my wife couldn’t get the day off…giving me the opportunity to watch Jim White all afternoon..

     

     

    IT REALLY IS BETTER TO BE LUCKY THAN GOOD!!

  14. Barca @ 15.09

     

     

    On the PL angle we will have to disagree.

     

     

    180 degree turn not a 360 degree one.

     

    Not sure why the change.

     

     

    10-1 and the TFOD Mk2 would get in anyway even if we voted against.

     

    PL / Irish Raj not wanting to be seen as acting alone?

     

    Surely the SSp deal does not come before SPL rules?

     

     

    The TFOD imploding is only the start.

     

    Don’t know where it will end.

     

    I fear it could get very nasty.

     

    Who will take the flak?

     

     

    Admin – CVA = Very unlikely.

     

    Admin – NewCo / PrePack = Interesting.

     

    Admin – Liquidation / Competing successor clubs = Very interesting.

     

     

    The TFOD are a £50mill business without SDM’s unique business methods.

     

    Consequently there has to be a waiting list of people ready to give it a go.

     

    Main thing is that they smell business failure and don’t want to spend money they don’t have to.

     

     

    Parachute into the SPL for any NewCo is self defeating.

     

    Make the return to easy and I feel a lot of their support will drift away.

     

    No history, being used to sell a TV deal, bottom feeder running the show.

     

    Not a great place to be in and a lot of their support know it.

     

     

    Much better for us / the SPL / them to start at the bottom or very close to the bottom and work their way up. It would allow them to develop, it would allow the SPL to fish for new support and it would keep it real.

     

     

    If SSp need extra games – better to re-jig the Glasgow Cup and give the gate money to charity.

     

    Anything else would reult in the SPL letting in the HG’s to play.

     

    May be OK on the TV but not sport.

     

     

    Finally … Join the dots!

     

     

    SDM making some noises.

     

    MIH in charge of the tax case.

     

    Talk of a cut price settlement.

     

    CW being shredded in some of the papers.

     

    Talk of the takeover being “illegal”.

     

     

    TFOD wet dream or SDM busting a gut to get a result?

     

    My thoughts – we live in interesting times and SDM will do anything to try and sort this out.

     

    I wonder if his sister has any brown envelopes left over from her TFOD Stationery contract?

  15. Silver City Neil Lennon on

    hen1rik says:

     

    13 February, 2012 at 16:09

     

    And not forgetting Paul McC and many others.

  16. pabloh_AKA_NEIL LENNON on

    Jelly & ice cream!!!!!!!!!!!!

     

     

    Shame it’s a Monday it happened on but hey, happy days. Well done to those winding the FF knuckle scrapers up. How is the mood over there?

     

     

    Good day to be in work, some stunned silence when I broke the news with a smile :)

  17. To quote Van Morrison

     

     

    These are the days of the endless summer

     

    These are the days, the time is now

     

    There is no past, there’s only future

     

    There’s only here, there’s only now

     

     

    Oh your smiling face, your gracious presence

     

    The fires of spring are kindling bright

     

    Oh the radiant heart and the song of glory

     

    Crying freedom into night

     

     

    These are the days by the sparkling river

     

    His timely grace and our treasured find

     

    This is the love of the one magician

     

    Turned the water into wine

     

     

    These are days of the endless dancing

     

    And the long walks on the summer night

     

    These are the days of the true romancing

     

    When I’m holding you, oh, so tight

     

     

    These are the days by the sparkling river

     

    And His timely grace and the treasured find

     

    This is the love of the one great magician

     

    Turned the water into wine

     

     

    These are the days now that we must savor

     

    And we must enjoy as we can

     

    These are the days that will last forever

     

    You’ve got to hold them in your heart.

  18. We must control the message as this train wreck moves into the next phase. Frame discussion around integrity/accountability/cheating and commercial dangers of transparently applying double standards. Scottish football does not equal rfc. Interesting days ahead.

     

     

    Huge thanks to Paul, Phil, Rtc etc. Enjoy the day and the fallout.

     

     

    Thinking about those folks who are not here to enjoy this day. Wherever you all are, I hope that the ice cream is delicious and that the huddle is great.

     

     

    take care everyone.

     

     

    #oneneillennon

  19. ASonOfDan

     

     

    Yes a lot of us thinking of our dear departed, I do hope they are watching from above. To think they had to suffer all of the corrupt behaviour of that mhanky bunch of shit.

     

     

    Robert Forrest, hope you are enjoying this moment, your years of highlighting this cabal is now justified.

     

     

    Diaphthero in extremis

  20. Yeah i take it from Peter this morning a newco is a no go from el starto. it IS gonna be fun. anyone got ff access? and brave enough? i aint.lol

     

     

    KLV

  21. The Spirit of Arthur Lee says:

     

    13 February, 2012 at 16:26

     

    Whats up with Jim White eyes

     

     

    They’re evil.

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