“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…..
You can support the online edition by making a discretionary donation here.
394 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- »
I’m not sure if I can keep this jellies and lice cream diet up, the doc won’t give me any more tamazapam or insecticide lotion….he must be a hun!
donald trump, is this guy for real, the pillar of the buisness world, feck me. hahahahaha.
quonno on 7 March, 2012 at 19:07 said:
guess i’ll be bringing the cola then!!!
Probably not. His brain is puggled from years of playing Uncle Tom.
TimJim on 7 March, 2012 at 19:08 said:
This might have been mentioned before If the huns can,t fulfill their fixtures would that mean that sky could ask for their money back for this season.Just a thought
————————
I would doubt that, extremly bad publicity bashing wee Scotland, the last thing the Murdoch empire needs is more of that and isn’t Rupert a mate of Wee Alex?
buy aberdeen and take rangers up there, aye aberdonians will have that in a minute,lol.
If Scotlands now sole representative in European football of a genuine professional standard is now Glasgow Celtic, the club that at once they couldnt even stand to call by its name, referring to them simply as ‘the Irish’, what does that say of Scotland?
Its an interesting thought, because what has happened yet again in this world is the one time indigenous people have been overtaken by the very people who entered into their country with nothing and were given nothing.
That indigenous supremecist mindset that thinks by simply thinking ‘we are better’ or in this case ‘we are the peepil’, that that is the actual case.
Meanwhile the world carries on and just over takes them without them even realising it was happening.
So here we are, 120 odd years later and ‘the irish’, the second class citizens not even worthy of naming are now YOUR shining light. They now represent YOU. The rest of the world now sees Celtic and see’s YOUR countries best.
How must that feel I wonder?
Could someone possibly copy and paste some of the guff being spouted on FF possibly!?
It’s my wedding anniversary today, what to drink with the jelly and ice cream, cava, Celtic champers, vodka (St Petersburgs standard), Celtic FC whisky, coors or bud wae a tricoloured ribbon around the bottle, whit dae ye think Celts?
:>)
I`m dismayed at the comments on radio. It seems that a healthy debt free Rangers would be back after liquidation. We need a clean hands policy in Scottish football more than we need a new Rangers.
Come on the Celts!
Where do they find these Celtic Supporters who don’t want rankers to go out of business???
Anybody on here feel like that??
SP
So essentially the players will ultimately cause liquidation is that right?!
Hee hee hee hee dontcha just love it!
Vmhan Supporting Lenny! on 7 March, 2012 at 19:14 said:
It all – you’ll manage mate – congratulations to you both!!
Tweet from Robert Peston
Robert Peston@PestonRep
Appalling predicament for Rangers: fire sale of club or massive forced cost cuts
Another one half an hour later:
Blimey. Every comment about Rangers has been negative. Are there no supporters left?
Does anyone know any of the alleged Celtic fans claiming they want Rankers to survive? Who are these people?
@hamiltontim
it certainly seems that way doe’nt it. not a care for the other staff that earn bugger all.
Paul67 et al
So, short of getting their hands on £3.6 million at the High Court (London) Duff and Phelps are still pinning their hopes on the players playing for less or even In McCullough’s case, for less than zero. As I understand it the rules re players in administration are actually different in Scotland than in England, in that Rangers players can be sacked whereas at Portsmouth 33 non-playing employees were sacked two weeks ago, with Trevor Birch hoping to get away with paying players less than their contracts. Duff and Phelps cannot agree a wage deferral with the players, because firstly it would increase the debt, and two the players will not agree to it. Wage cuts are the only short-term solution, but all the players need to agree, which they haven’t. Duff and Co cannot pay them, so they can and will walk away. Other workers will be sacked, possibly by Friday. And another thing, Duff and Co do not have a free run at the £3.6m, there are other claimants. As things stand the only way Rangers can get out of administration is either another takeover, or liquidation. In 1967 it was the Board of Trade who forced Third Lanark into liquidation, this time around it will by the players, or the HMRC.
I’ve been trying to get on for an hour to ask the questions that are begging to be asked:
Good evening Andy, Did you and your pals ever have more than one contract at a time? Did ye get paid extra money under the table? I remember reading that when you were in court for drink driving, your wages were quoted as £1000 per week. That doesn’t sound like much for a pair of keepers like you, Does it Andy?
Suspect you have to say that you dont want the huns to die to get on!
HH
oglach on 7 March, 2012 at 18:59 said:
Craig Whyte ‘Ello, I wish to register a complaint.
Minty Moonbeams: We’re closin’ for lunch.
etc……………….
— — —
I’ve watched them on the TV and cried laughing at their antics and silly statements.
I’ve yet to watch the pythons though
vmhan Supporting Lenny.
Only one drink tonight PADDYS.Slan
‘Administration,’
‘Then Liquidation,’
‘I want the world to know I’m happy as can be!’
Cliff Richard’s ‘Congratulations’. Mrs. Thinks I’m demented, singing my version all day for the last few weeks.
Did someone say 48 hours to liquidation? On who’s watch?
If there is no cracked crest in the Record tomorrow there never will be. You know what? Who cares.
Great call from john re the in denial and lack of morality.
starry plough on 7 March, 2012 at 19:14 said:
Where do they find these Celtic Supporters who don’t want rankers to go out of business???
Anybody on here feel like that??
……………………………………………..
To be honest, I’m having so much fun right now, I don’t want them to disappear just yet :)
Starry Plough I would prefer that they didnt go out of business as that is to easy for them to set up new co.I want them to agree to pay back all there creditors in full over the next 15 to 25yrs that would ensure HMRC cant there money back on Rangers are handicapped by these payments for the next 15 to 25 yrs.H.H.
What delicious irony, that even their own cringe worthy silly slogan has come back to haunt them “We don’t do walking away”
Some high earners are clearly refusing to take dramatic wage cuts and as they don’t do walking away either, they are part of the entire eventual downfall of the big house of cards.
So the administrators have fast tracked the process for ‘quick sale’ now.
Well thats going to make a world of a difference.
Id say its almost as good as case being settled.
One wee puzzler – the fact the huns were up for sale for £1 for over a year hasnt seemed to enter into anyones factoring there.
Are they hoping a die hard Rangers fan will get 3 numbers up on the lottery on Saturday night !?!?!?!?!?
Eyes Wide Open on 7 March, 2012 at 19:14 said:
I posted last week to the effect that the present mess is rooted in the effrontery of the Irish to upstage by becoming Scotland’s first and only Champions of Europe.
Starry
If I could get assurances that they would stumble like lepers in the wilderness for the next 15 years then I would prefer that to death.
Rangers on death row. The inmates are hoping for a stay of execution. ‘Dead team walking’ the GREEN mile.
Rieperman on 7 March, 2012 at 19:20 said:
Ain’t met any yet.
Haw Dignity, mind put the lights out!!
starry plough on 7 March, 2012 at 19:14 said:
i dont like rangers
i dont like the we are the people stuff
i want rangers to suffer
i want them to suffer a lot
then i want rangers to die
and i dont want any newco to return
i know they will, but i dont want them just walk right back into the spl
apply the rules fairly, its that simple
Gorams £1000 was the money left over after all his various direct debts which the court previously had agreed to be applied ….. his wages were higher but lifestyle issues resulted in his pay being heavily docked at source.
Memorycfc
Someboady is saying the Donald Trump has Money tae Burn..
Whit a Joke..
‘Donald Trump.. .has bin BANKRUPT.. THREE TIMES…
in the Past…
He a Bum.. He is under Severe Financial Pressure tae Keep his Heid above water.. He has several Court cases Going agin him jist noo.. As a Result of the Terrible…
Real Estate Financial Collapse the U.S. has suffered in the Last few Years..
Probably, Sir Paul.. or. Masel..
His Mair Money tae spare..than “THE DONALD”!
Trump his awe his Money in Real Estate..Remember.
It is Only the Monies he is receiving fae his Very Successful
T.V. Reality Show. That is Keeping his Empire Solvent..
Trump, is. jist another.. Whytie.. Really..
Awe Hat and Nae Cattle!
Kojo
Laughin’
What if…… they announce they can’t fulfill their fixtures but only AFTER the split?
Points docking then just puts them 6th, not 12th. How does it work? Is this why they’re not letting players go yet, because they need to stagger on until the split?
Where do they find these Celtic Supporters who don’t want rankers to go out of business???
I don,t want them to go out of business I want them to die (nice and slowly)never to be seen again
I’ve been wondering about a side issue of late… What about tax playable on EBT payments received by players over the last goodness knows how many years – are they liable for income tax they should have paid?