“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.
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Administrators confirmed NO European football next season.
Who would want them?
to lighten things, in my youth in the60’s when Celtic became players in Europe I had a ‘Freddy and the Dreamers’ LP
Paul67:
Spoil sport…:)
I sense Armageddon, maybe not Friday but it is indeed coming. They are hanging on by their apron strings. Oh happy days…
I smell liquid…
Keep the Faith!
Hail Hail!
REM anyone?
‘That’s great it starts with a tax cheat, tainted titles, dallasgate…..’
Over on FF the delusions continue
ayr__loyal
3 in a row
Join Date: 17-12-2006
Posts: 3,787
Try and sell McGregor?
Is this such a crazy idea?
Bring in £7/£8m to tide us over until the rest of the season
Do Administrators do deals with employees? Or are they not suppose to cut outgoings from as early a date as possible?
Lest it be forgotten, mccoist must have been given the easiest ride of any of their managers.
Most expensively compiled team by a distance, blew a 15 pt lead into a huge deficit, ko’d by financially inferior opposition in ch. league, europa league, sc cup and league cup
The financial problems have been a godsend to him.
sparkleghirl
Hail Hail to you.
:)
I don’t care when it happens.
Just as long as it happens.
pigalle PatientCSC
Evening Bhoys.
I laughed so much last night at all the fun and games. I wonder how many calls Craig will be taking from potential investors in the near future and, I dont know why, but the list of investigations running concurrently into the same ‘institution’ had me in stitches. As I said to the lhads (and a few others) in work today, imagine all those deerstalker-bedecked guys, magnifying glasses in hand, bumping into each other as they traipse round iBroke Big Hoose doing an ‘after you, Claude’ and taking turns to feel down the back of the old leather armchairs for any missing scraps of information…
How long did The Mousetrap run? This could be very entertaining for a few weeks!
Hail Hail!
heeheeheehee
hohohohoho
hahahahahahaahaha
hohohohohoho
Why do I keep thinking I’m still on the home page when I’ve clicked into and read the new article?
Is it the payment options below the article I wonder or am I developing cqn ocd?
myweeworldcsc
Paul 67
I believe like yourself that the administrators ought to sack the 1st team and play a youth team but they will not get a buyer with enough money to re-build the team and pay the debts via CVA, hence the Mexican stand-off over the last few days.
I suspect however that in common with everything to do with them , all is not what it seems, all the bluster ‘we don’t walk away’ , ‘AJ Surrender, No’ …. This is exactly what they will do … They have no concern about the league ..they will not be around to play us on the 25th …… and face a doing with their youth team……
Curtains , to be followed by legal wrangles, which will prevent Dignity coming back for a few years in SPL Div 3
MarvellousCFC
Saturday 7th
I received a most welcome note tonight from Bernie, my sister. old Bernie. I love her and think she’s the greatest.
I am now convinced that the authorities intend to implement strict isolation soon, as I am having trouble in seeing my solicitor. I hope I’m wrong about the isolation, but we’ll see.
It’s only that I’d like to remain with the boys for as long as possible for many reasons. If I’m isolated, I will simply conquer it.
A priest was in today, somewhat pleasant, and told me about Brendan O Cathaoir’s article in The Irish Times during the week, which I saw. We had a bit of discussion on certain points, which, of course, were to him contentious. He was cordial in his own practised way, purely tactical, of course, and at the same time he was most likely boiling over inside, thinking of the reference to this week’s AP/RN (February 28th issue) calling him a collaborating middle-class nationalist, or appropriate words to that effect.
He is too, says I, and I sympathise with those unfortunate sons of God who find themselves battling against the poverty, disease, corruption, death and inhumanities of the missions…
I am 61 kgs today, going down. I’m not troubled by hunger pangs, nor paranoiac about anything pertaining to food, but, by God, the food has improved here. I thought I noticed that during the last hunger-strike. Well, there is a lot at stake here.
I got the Irish News today, but there’s nothing in it, that’s why I got it.
I’m looking forward to seeing the comrades at Mass tomorrow, all the younger looking faces, minus the beards, moustaches, long rambling untamed hair matted in thick clumps.
One thing is sure, that awful stage, of the piercing or glazed eyes, the tell-tale sign of the rigours of torture, won’t be gone – if it is ever removed. I wonder is it even conceivable that it could be erased from the mind?
We got a new comrade during the week. Isn’t it inspiring the comrades who keep joining us? I read what Jennifer said in court. (On being sentenced, Jennifer McCann said: ‘I am a Republican prisoner of war and at the moment my comrade Bobby Sands is on hunger-strike to defend my rights as a political prisoner.’) I was touched and proud, she is my comrade.
I’ve been thinking of Mary Doyle and Ellen McGuigan and all the rest of the girls in Armagh. How can I forget them?
The Screws are staring at me perplexed. Many of them hope (if their eyes tell the truth) that I will die. If need be, I’ll oblige them, but my God they are fools. Oscar Wilde did not do justice to them for I believe they are lower than even he thought. And I may add there is only one thing lower than a Screw and that is a Governor. And in my experience the higher one goes up that disgusting ladder they call rank, or position, the lower one gets…
It’s raining. I’m not cold, my spirits are well, and I’m still getting some smokes — decadence, well sort of, but who’s perfect. Bad for your health. Mar dheas anois, Oíche Mhaith.
Im making a conscious decision not to listen to Shortbread or Snyde tonight,,,i may end up pissing myself by laughing too much
:D
Hail hail
Paul 67
Why you party pooper you. A break from the jelly and ice cream however will do my sugar levels no harm. :-)
hh lbb
Algarvian on 7 March, 2012 at 17:46 said:
Lest it be forgotten, mccoist must have been given the easiest ride of any of their managers.
Most expensively compiled team by a distance, blew a 15 pt lead into a huge deficit, ko’d by financially inferior opposition in ch. league, europa league, sc cup and league cup
The financial problems have been a godsend to him.
——————————————————————————-
but the Hunguffers will ignore his incompetency and present him with a Cardigan Award
Paul
Daft question. Where do Duff and Phelps get the money to bridge the shortfall to run the company assuming they are borrowing it from somewhere ( bank?) and how is that paid back?
And the walls came a tumbling down…
Did both Andy Goram’s each have a dual contract?
!!Bada Bing!! Kano 1000 on 7 March, 2012 at 17:45 said:
Do Administrators do deals with employees? Or are they not suppose to cut outgoings from as early a date as possible?
Shhhhhhhh.. They’re doing a great job!! ;o)
HH
/Bishop B
Árd Macha on 7 March, 2012 at 17:49 said
thanks again bud
bournesouprecipe
Greetings mate.
Changing the subject -‘but not for long!’ as the song goes, do any of you guys know much about a young ex-Celt name of Omar Bogle (crazy name crazy guy?).
I think he’s only 17 and spent the last nine months at Lennoxtown but he played for my local club Luton Town in a reserve match and looked good although at the ‘Division 5’ level the Hatters are now * that’s not too difficult. Bogle may have been released and available of a free but I’d appreciate if anyone has seen the lad play and what he might be like. he eas on Birmingham City’s books this time last year so may be has some ‘baggage’ if he getting his jotters twice in such a short period.
* Luton Town have been in administration three times in the last ten years and suffered massive points deductions. I’d often said that I wouldn’t wish that on anyone but not ever thinking the huns would be in an even worse position one day soon. All I can say now say is pile on the pain and ease off the morphene on those bluenoses.
To quote Bill Hicks,
Goodbye you lizard scum.
St Martin De Porres on 7 March, 2012 at 17:49 said:
Paul
Daft question. Where do Duff and Phelps get the money to bridge the shortfall to run the company assuming they are borrowing it from somewhere ( bank?) and how is that paid back?
—————————————————–
saw something that some payments can be made from the administrators account
I don’t want liquidation!
I never want this to end!
WI
Duff and Phelps confirm the following:
No european footie
Bears sh1t in woods
Pope’s a catholic
Bada Bing @ 17:45,
The problem is the employees on tne big bucks are also the assets of the business.
So make them redundant and
Cut costs. Thats Good
Chuck Million of pounds Assets out the door. Thats bad.
Thanks Paul. I trust your judgement!
After bad news has been delivered, often, the subjects involved say the period of waiting was more difficult to cope with than coming to terms with the news itself.
I’m beginning to think that Duff & Phelps may be on our side.
Long may their suffering continue!
Karma, indeed!
HH
Seanbhoy69
Hail Hail
“It will not be pretty”
Dont we just know it? Have you seen a Handsome Hun? Nooooo!!Noooo!
Death by a thousand jellies and ice cream
HH
CRC
Paddy Gallagher on 7 March, 2012 at 17:37 said:
SSN ‘Rangers won’t be in Europe next year’!
FFS mate, they won’t even be in Govan.
……………………………………..
Brilliant Paddy:-)
bournesouprecipe
How you getting on mate?
Soon, we wull get the answer tae the age ole Question..
“Whit Should come Foist.. Administration or Liquidation?
Kojo
Laughin’ .
Paddy Gallagher on 7 March, 2012 at 17:37 said:
SSN ‘Rangers won’t be in Europe next year’!
FFS mate, they won’t even be in Govan.
____________
Teehee. Along those lines I inadvertently stumbled across a Rangers fans FB page. One comment after the hearts game “If we keep going like this we’ll be lucky to finish second”.
Oh how I laughed.
For CQNers outside UK here is the link for the RC phone in.
http://www.radiofeeds.co.uk/query.asp?feedme=clyde
Ron Bacardi on 7 March, 2012 at 17:52 said:
cheers bud