“However, no one should be in any doubt that in the absence of sufficient cost-cutting measures or receipt of substantial unplanned income, the Club will not be able to fulfil its fixtures throughout the remainder of the season.”
Statement from Rangers administrators, Duff and Phelps.
Lots of speculation that this is the end. I don’t think so. Duff and Phelps have made practically no cuts for 23 days, it would be professional negligence for them to fail under these circumstances. They must have enough cash available to pay rates, electricity, police, around 20 youth players and various small invoices between now and the end of the season.
Unless an event happens that has yet to manifest, they will almost certainly survive until the tax tribunal verdict. It will not be pretty, and unless you are older than 35, it will not look like any Rangers you have known, but they will linger for a few weeks yet.
Issue six of CQN Magazine, the Fit and Proper edition, is set to become a landmark collectors item. You can browse the magazine online here but you can buy your own hard copy by clicking on the link below. Read with 20-20 vision…..
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starry plough
Not here on the Socialist Republic.
In fact we’re trying to break the world record for line grave dancing.
HH
northshorebhoy on 7 March, 2012 at 19:33 said:
‘We don’t do walking away’?
Anyone fancy setting up a taxi rank at Murray Park? Lots of money to be made soon.
**************
Never heard of a runner? :-)
When duff and duffer say “the Club will not be able to fulfil its fixtures throughout the remainder of the season” could this mean that they may have to release so many players that they will not have enough for a match day squad / first eleven? They could then technically still ‘just’ be in admin but with no running costs?
QB
sparkleghirl on 7 March, 2012 at 19:34 said:
Only if they get voted back in!!!!
Please not
traditionalist88 on 7 March, 2012 at 19:32 said:
R*ngersmedia forum quote:
“When news broke this morning i walked out work bubblin like a small child, got home been pissed off the my fuckin wife comes in and said ‘it’s only a football team’ if the had been closer i think i would have eneded her life right there and then( got married at ibrox ffs)”
Animals till then end.
____________________________________
They take wife beating as a badge of honour,
ask Willie Waddell……or get a clairvoyant to.
oglach
Just used the top Google suggestion myself, nae bother:)
Hail, hail
From talking about the death of the huns to watching Barcelona. Can there be a bigger footballing contrast?
The beautiful game will be even more beautiful without the huns.
I don’t think I can take much more of these stupid, ignorant huns on Clyde.
Each one is worse than the previous one.
Starry
Pal said in the pub he didn’t want rangers to die! Cue tumbleweed…..he is a big Tim…….then he says only cos he wanted them to suffer for 20 years as there would be a way back found for them when they reform, they would be back healthier and quicker and he wisnae to happy wae that scenario.
So it’s ok to want them not to die as long as they are on a life support machine.
Not for me….I want the end! (by the Doors)
Can I Have Raspberry On That on 7 March, 2012 at 19:37 said:
Only if they get voted back in!!!!
I want them to finish 12th, then there’s no need for a vote.
pabloh_AKA_NEIL LENNON on 7 March, 2012 at 18:02 said:
No euro football for gers next season confirmed.
Said they may not complete fixtures this season.
All joking aside (I know, it’s hard), everyone on this blog knew what a state they’ve been in for many seasons now – but is anyone else like me and has to keep reminding myself this is actually happening?!
I listened to the Celtic underground podcast with the journalists – was a very good listen. All of the opinion they would be in the SPL whatever happened. Incredible opinions.
if the deal was – they start again, allowed into the spl as newco. What would the punishment need to be to balance this? For 20 years of cheating? Cheating many clubs out of trophies? I can’t see how from a sporting point of view, never mind financial, how the game in Scotland could be left with ANY credibility. What would be the point in it anymore if one team can be allowed to cheat, run up debts, liquidate, come back and continue competing against 11 clubs that play by the rules.
Just thinking out loud. I have no clue what’s gonna happen.
Anyway let’s enjoy the treble :)
Hail hail
share
FPLG
You actually cringe when you hear the muppet speak now.
Sally, just tell everyone you are going outside and may be some time…
Home loan Blues
http://www.youtube.com/watch?feature=player_detailpage&v=oq0J-aAWhvw
You can have it all but you’ve got to pay
You can have it all don’t pay me today
Wotcha man as the bills around you grow
Providing you take a loan to pay for them all
Help a hand when the one close by you falls
Depending if the fool keeps spending it all
vmhan,didnt know you and Derryghirl were wed,thought you were doing it the rangers way,living in sin..
only joking pal,enjoy tonight both of you..Im goin to Tracys bar to celebrate….
Bhoy 67
Paul 67
I agree with your post. Something is not right here. This is the key phrase from duff and diver…….
“If a Company Voluntary Arrangement is not possible for any particular reason, any buyer of the Club and its assets would complete that purchase through a sale by the Administrators allowing the Football Club to continue to operate with the old company then being placed into liquidation prior to dissolution.
1. Can the Administrators sell from underneath Whyte or do they need his consent?
2. What might a ‘reasonable purchase price be for ‘the club and its assets’?
3. Who gets the ‘purchase price’ money and what do they do with it?
4. If this happened as envisaged by D & P would HMRC pursue the new club/co?
5. Has this been the plan all along and that all parties are complicit in working together?
6. Why would the administrator involve McMoist in consideration of a sale? Surely he brings no skills to that process?
I have a bad feeling now??
Any of you financial guys want to set my mind at ease?
HH
A wee question RE: European rules.
As RFC(IA) will be exempt season 2012-13, if (yeah I know) they then go on to be liquidated after 31st deadline, would the 3 year ban be added to the non-audited accounts 1 year ban equalling a 4 year ban?
Duff says “…need to keep the fabric of a competitive team as assets for future buyer…top class players such as McGregor err….Davis maybe?….err? err?
Hey Duffer, gieze another swatch at that spreadsheet, somebodys taken the p!ss here!!!!”
Oglach@ 19:31
Link creator?..you don’t need one.
Voguepunter will talk ye through it.
HH
Away to watch the second best team in the world Come on Barca see you later.
“Oh the huns are going to die the huns are going to die eh oh my daddy oh the huns are going to die”
Is this really happening? :-)
new article posted.
Has a whole superstratum of keevins brain atrophied…he just seems incapable of visualizing any possibility contrary to his own fossilized assumptions…the man is a nincompoop.
god bless her majesty
Evening bhoys from a calm hun free mountain.
Take a day off the blog and they are drawing their last breath, oh happy days :>)
snecker
With the calibre of the individuals at Ibrox, I am not surprised.
s, revenue & customs
Joe Filippis Haircut
Joe is a top guy,my mother knows the family.
I play at the same golf club as him and chat occasionally,I will tell him of
your reply.HH.
Pssssttt…
Interested in a bankrupt football club? Losing £10 Million a year, owe HMRC £15 Million, might be another bill for £50 Million. We also owe Ticketus £24 Million. Oh! we owe some other SPL clubs Money and are being investigated by SFA, SPL and UEFA are starting to sniff about.
Let me know by Friday…
thomthetim
First track way too good for those Chelsea folks (might be moving to Battersea) so we need to start getting that played at Parkhead! Cue the DJ
Big man
A massive list of redundancies
Horse them at least 7-0 in the midden.
Then liquidate.
Please.
row z \o/ (O) whatever part of my club is dependent on rangers I am willing to lose! on 7 March, 2012 at 19:41 said:
6. Why would the administrator involve McMoist in consideration of a sale? Surely he brings no skills to that process?
— — — —
What………you think Sally is at the club for his footballing managerial skills?
Happy Anniversary Vinnie
Got to be Cava (Rose of course)
HH
Keevins: Bon Jobby?
Living on a prayer. How apt.
Tina Turnoff singing “we don’t need another hero”.
This is the end
Beautiful friend
This is the end
My only friend, the end
Of Whytes elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
They’ll naw been seen on Sky…again
Can you picture what will be
So limitless and free
Desperately in need…of old…Watty’s hand
In a…desperate land
Lost in a Romanov…wilderness of pain
And all the Huns they are insane
All the Huns they are insane
Waiting for the debt to go away yeah
There’s danger in the southside town
Ride the Queen’s highway, Coisty
Weird scenes out on the southside
Ride the highway west, Coisty
Ride out of Snake, ride out of Snake
To the lake, the ancient lake, Coisty
Snake is gone, the Taxman smiles
Ride out of Snake…it’s old, and it gonnae be sold
The Celts are the best
The Celts are the best
Get outta here, and they’ll do the rest
The blue bus is callin’ us
The blue bus is callin’ us
Driver, where you taken’ us (Liquidation?)
Coisty awoke before dawn, he put his boots on
He took a girdle from the ancient gallery
And he walked on down the blue hall
He went into the room where his assistant lived, and…then he
Paid a visit to Watty, and then he
He walked on down the blue hall, and
And he came to a door…and he looked inside
Whytey, yes son, I want to kill you
Whyte…I want to… get tae f*ck
C’mon HMRC, take a chance with us
C’mon HMRC, take a chance with us
C’mon HMRC, take a chance with us
And meet me at the back of the blue bus
Doin’ a blue rock
On a blue bus
Doin’ a blue rock
C’mon, yeah
Kill, kill, kill, kill, kill, kill
This is the end
Beautiful friend
This is the end
My only friend, the end
It hurts to set you free
But you’ll never follow me
The end of laughter and soft lies
The end of nights we tried to die
This is the end
HH
/Bishop B
jimmorrisoncsc
I hear there are still ticketus’s for the legends v AC game but there is a problem with bonuses.
Anybody heard anyfin ?.
A Blue Knight?
http://i1136.photobucket.com/albums/n490/Pat_McVey/Facebook/Untitled%20Album/417081_340750752629437_100000835443079_849075_1031714368_n.jpg
Starry Plough. I hate them no newco let them die.
HH