Rangers liquidation unlikely within days

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“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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394 Comments

  1. 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??

     

    ————————————————————-

     

    I think they are all too polite to say GIRFUY.

  2. twists n turns on

    Vmhan – happy happy happy anniversary to you both. You must be sick of champagne are you not:-)

  3. kikinthenakas on

    Vmhan

     

    Try the lot it’s a special day…………….the manky mob ur nearly died!

  4. Back to Basics - Glass Half Full on

    Blue-Billy-Mince rhymes with Due Diligence.

     

     

    Just a thought in case there are any songwriters out there

     

     

    Hail Hail

  5. quonno on 7 March, 2012 at 19:21 said:

     

    Eyes Wide Open on 7 March, 2012 at 19:14 said:

     

    —————–

     

    Bhoys total agreement, Big Jock’s shadow looms over Ibrox like the grim reaper (or happy reaper in this case)

  6. Happy days, Vmhan.

     

     

    It won’t really matter what you choose: life can;t get much sweeter.

     

     

    However, if I had to recommend a decent dessert wine, I’d say Frascati …

     

     

    Hail, hail.

  7. Paddy Gallagher on 7 March, 2012 at 19:22 said:

     

    Haw Dignity, mind put the lights out!!

     

    ———————————————-

     

    Leccy mhan just about to do that.

  8. Paul67

     

     

    Should paul muurray et al knights of a blue hue make an offer to prepack the GA as kojo would say.

     

     

    What dirty deals has he been doing in the meantime with spl/sfa in regard to newco entry to league and spl.

     

     

    Would anyone do a deal with liquidator to buy assets for serious money unless they were confident of league membership.

     

     

    I smell dirty dealings and smiles being wiped from our faces

     

     

    hope you have an angle on this that makes me wrong

     

     

    Hh

     

     

    Mike

  9. Yeah points taken Bhoys maybe I phrased it wrongly.

     

     

    Does anyone on here or any Celtic Supporter you know have one iota of sympathy for the plight of the huns??

     

     

    I personally hope their suffering is long and very very very painful.

     

     

    No mercy No way No Newco..

  10. twists n turns on

    I though Charlie Mulgrew was a stick on for supporters POTY. I now think Whytey will run him very close.

  11. Back to Basics - Glass Half Full on

    Sorry all but once I get started ….

     

     

    “Goodbye Goodbye we were the billy boys”

     

     

    Perhaps to the tune of So-Long Farewell from The Sound of Music?

  12. Sparkleghirl

     

     

    Good point, I think they would be automatically docked all points and as such relegated, that would only matter if they stay in administration/ bought over. Liquidation means that they are gone.

  13. Eyes Wide Open on

    quonno on 7 March, 2012 at 19:21 said:

     

     

    Its wonderful isnt it.

     

    The bible doesnt even have stories with morals as good as this one!!

  14. Paddy Gallagher on

    Saw the poster today for the Jersey Tommy Burns Celtic supporters club annual dance., twelve tables of ten, all proceeds to the John Hartson Foundation. £45 a ticket no EBT’s.

  15. twists n turns on

    Starry

     

     

    Sympathy? I have had no time to feel sympathy, I’ve been too busy taking a crash course in grave dancing…….

  16. angelgabriel on

    Joe Filipis haircut.

     

     

    I had a beer with your monicker last week.I mentioned this blog and he was very

     

    interested,said he would have a look.He thought your monicker was hilarious.

     

    He was chuffed to bits.

  17. Snake Plissken on

    Did I hear that right?

     

     

    The administrators have said they could be liquidated on Friday with mass redundancies?

     

     

    Did Delahunt actually say that they had said that?

  18. leftclicktic on

    pigalle 17.46

     

    ditto mate i am prepared to wait and watch them suffer, so long as the final outcome is they are kapooooooot.

     

    HAIL HAIL

  19. northshorebhoy on

    ‘We don’t do walking away’?

     

     

    Anyone fancy setting up a taxi rank at Murray Park? Lots of money to be made soon.

  20. sparkleghirl on

    Can I Have Raspberry On That on 7 March, 2012 at 19:29 said:

     

     

    Thing is, IF they finish 12th, they are relegated, therefore noone else is, Dunfermline and Hibs have every right to place in SPL as does newly promoted club.

     

    So no space for newco.

     

     

    IF they finish 6th (before liquidation) then maybe the SPL could still relegate the 12th team, leaving a space for newco.

  21. Brilliant – just tuned into Snyde to hear an advert for HMRC – “If you don’t contact them, they will be in touch with you”.

     

     

    Obviously neither Murraymint nor Whytie boy listened to SSB or else their mess wouldn’t be!!

     

     

    Yurcl

  22. Paul67,

     

     

    more great stuff, keep on their heels.

     

     

    Loving the ole ‘may I be the first to congratulate QOTS, etc’, it’s fantastic. Strikes the right note.

     

     

    No time for blogging right now, but it seems clear the two big issues left are:

     

     

    Where does newco start in which league?

     

    Have RFC(IA) been playing improperly registered men? If so the punishments are clearly established.

     

     

    These are what matters to the broad church of Scottish football, IMHO.

     

     

    These are what materially affect all our futures.

     

     

    Any legal bunfights and squabbles over the carcass or over who did what way back when are an amusing sideshow.

     

     

    Hail, hail

  23. twists n turns on

    Why does Keevins roll his rrrrrrrrrr’s?? Gettin’ oan ma goat so it is. RRRRRRREALLY sick of it.

  24. Joe Filippis Haircut on

    angelgabriel. Joe comes from a lovely family and when I was much younger I played in the same team as Joe and his brother Simon.I wasnt any good but Joe went on to live his dream and play for Celtic.His mum and dad in my opinion were saints Im glad you told him I am useing his monicker.H.H.