Rangers survival: ‘In broad terms’


Administrators for Rangers FC PLC (in administration) yesterday released a statement that had emotions swinging.  Subsequent headlines heralded the news:


“Administrators assure supporters that club will continue to exist”

“Rangers ‘will continue as a club’”

“Rangers will survive”


The administrator from Duff and Phelps actually said, “In broad terms, supporters can be reassured that Rangers will continue as a football club”.

“In broad terms”, Clydebank FC survived as a football club, they are away to East Kilbride Thistle on Saturday.  This is a completely empty statement.  Duff and Phelps have given no assurance that a deal to save the club has been reached or that they can compel such a deal.

Off to the juniors with them.

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  1. i know there’s nothing legally untoward about it, but, in general terms…



    if a club were looking to financially restructure, would they not be more likely to appoint accountants, than lawyers as administrators?



    generally it’s KPMG or hacker young or whoever… does this strike anyone as strange?

  2. I can’t vouch for the accuracy of this, it was posted on the RTC by someone named kotton:



    kotton says 16/02/2012 at 4:08 am


    just a list of craig white/whyte compaines so rangers fans who now read this blog and the MSM who come here for storys can reall understand MBBCWTGEF has only one plan for rangers and his friends the helpful administrators will see it through









    CCS 1996 LTD.Dissolved




    CSS 1996 LTD Dissolved


    CSS 1996 LTD Dissolved


    HAG 1996 LTD. Dissolved




    CONIX LIMITED Dissolved








    ISS 1996 LTD. Dissolved




    LM LOGISTICS GROUP LTDIn Administration












    PRITCHARD STOCKBRKERSStruck Off last Frday


    STRIDENT PLC Dissolved






    THE RANGERS FOOTBALL CLUB P.L.C. In Administration


    TIXWAY UK LIMITED Active (Not for long)


    U S G LIMITED Dissolved








    VPS 1996 LTD.Dissolved












    ZEMFILL PLC Dissolved







    Wow.. due diligence????

  3. !!Bada Bing!! Kano 1000 on

    “lifelong Celtic fan” Owen Coyle bigging up the huns on SS News.Hope Bolton get relegated.

  4. Just heard on BBC news there is no plans for immediate cuts to playing staff.


    I was hoping there would be a few out the door ASP.


    Is this just to make them feel better for now, anyone.

  5. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    FIFA president Sepp Blatter has reiterated warnings to the French government from Jerome Valcke, the secretary general, that it must tread very carefully in its dealings with the French Football Federation (FFF).



    French president Nicolas Sarkozy has indicated his government will investigate the national team’s humiliating performance in South Africa, but Blatter said that raised the risk of the team being suspended from global tournaments if Sarkozy meddles in the running of the national soccer federation.



    The FFF “can really rely on FIFA in case of political interference, even if it is at the presidential level,” Blatter said. “France made an affaire d’etat of football, but football remains in the hands of the federation.”



    FIFA’s rules specifically prohibit governments from involvement with the running of national federations and it has the power to suspend any federation where there is evidence of such interference.



    Blatter also told reporters he regretted the resignation of Jean-Pierre Escalettes as FFF president, adding France’s status in world football would not prevent FIFA stepping in. “Definitely, I can tell you that political interference will be dealt with by FIFA notwithstanding what kind of interference and what is the size of the country.”



    FIFA has punished federations before. Greece were European champions when they were suspended for several days in 2006; Iraq served a suspension in 2008; and Ethiopia were kicked out of their qualifying group for the 2010 World Cup.



    However, the French government is adamant it has no case to answer on a day when a parliamentary committee questioned both Escalettes and outgoing coach Raymond Domenech about the World Cup debacle.



    “There is no interference,” Luc Chatel, the government’s spokesman, said at a press conference. “It is the role of the state to think through, with the federation, a problem that goes beyond simple sport. The French team represents the country, not just the federation.”






    If the SFA get involved in saving the hun it might mean them being removed from the top table at FIFA .. which will mean a UK national team and hopefully a UK league.



    Will the SFA sacrifice Scottish footballing autonomy to save Rangers … You bet



    Over to you Alex Salmond . make it happen meddle meddle

  6. The Ghood will prevail on

    Read Gordon J’s like to his excellent article at 10.19


    Gordon tells us that there is £125m owed. And that’s just the debts we know about. That’s enough dosh to launch a small country.


    The government, UK or Scottish, cannot and will not help them. There is no way they are getting bailed out of this by the taxpayer. Don’t be fooled by the noises they are making. It’s just politicking, hot air as they try to show how much they care in oder to win a few votes. If they really cared they would have sounded the alarm bells years ago.


    Rangers are gone baby, gone.

  7. Business/financial experts out there – under what circumstances would forensic accountants be sent in to investigate goings on at ibrox? That’s got to happen sometime surely? Time to follow that pound and see where it ended up!




  8. Paul 67



    Interested in your comments,I think the administrators are making placatory noises ,although I do not trust them.



    I am sure you may have read Paul McConville’s Scotslawthoughts on twitter where he outlines the activity of the administrator as being a bit flexible.



    It does not appear the Admin are being as punitive as they should be,which is then to to the detriment of the creditors!

  9. your in my heart on

    hi guys any speed cops in the milngavie murray park area I think today could be a fruitfull day for you

  10. The Moon Bhoys says:


    16 February, 2012 at 11:04



    Or he doesn’t understand the difference between administration and liquidation.

  11. The Battered Bunnet on




    I hear this morning that the Adminsitrators have said there will be no cuts made to the playing staff.



    I hear that the Adminstrators said Season Books will continue to be valid for remaining home games.



    The club spends £3M per month more than it will generate in income through to May.



    I note Craig Whyte’s statement from Monday: “The Rangers FC Group, the majority shareholder in the Club, is prepared to provide further funding for the Club on the basis the funding is ring-fenced from the legacy HMRC issue.”



    If you want to know where the Ticketus money has gone, ask Craig! It’s on a Merry-go-round. Perhaps it’s even doing the Hokey Cokey. It’s certainly been in. It’s then been out. Now it’s in-out-in-out.




  12. playfusbal4dguilders on

    £49,000,000= 2,450 teachers


    £49,000,000 = 1,800 tax inspectors!


    £49,000,000 = 3 and a bit front loaded warchests


    £49,000,000- 5 bankers’ bonuses.


    £49 million – four -Tor Andre Flo


    £49,000,000= 2,450 nHS nurse



    You guy’s are rubbish at the twelve days of Xmas




  13. lynott67 says:


    16 February, 2012 at 11:07



    What if their players get injured? A serious injury could end their career and is there any guarantee’s that they will get money if that happens? Have insurance’s been paid?



    Is it possible that certain players will refuse to play?




  14. optimistic little soldier on

    If League Restructuring is the only way to shoe-horn Rangers back into the SPL, be prepared for a 42-team SPL…

  15. Summa of Sammi…. says:


    16 February, 2012 at 02:40





    Since its the Nightshift I’ll retweet this..Interesting what the ‘Others’ think..






    Summa of Sammi…. says:


    15 February, 2012 at 23:21





    Courtesy Wings over Scotland..



    Why Scotland doesn’t need Rangers


    Posted on February 15, 2012 by RevStu


    Scottish politics seems to be having a wee holiday this week. The First Minister has a little chat with the Scottish Secretary over the referendum, deciding nothing, the Unionists demand “answers” to questions on a completely different subject, Jim Sillars witters on about something or other in yet another bitter rage about how well the SNP’s doing without him, and the Scotsman quietly admits that its previous scare stories (this time the ones about Scottish membership of the EU) were cobblers and hopes nobody notices. In other words, business as usual.


    The reason everyone’s putting out a skeleton service operating on auto-pilot is, of course, that they’re all transfixed with the goings-on at Ibrox. And rightly so, because it’s an enormous story which reaches out and touches the entire population in a way that politics almost never does. For fans of Rangers, their entire world has fallen in. For fans of other clubs it’s either hilarious, or a time for rising above petty rivalries and showing solidarity with their fellow supporters, ie it’s secretly hilarious. For Rangers employees it’s a worry, for battered wives, social services and hard-pressed A&E staff it’s a blessing and for booze retailers it’s a catastrophe.


    We also can’t ignore the possible political consequences. For decades Rangers FC has served as a weekly indoctrination service for the defenders of the Union – you can’t spend a large proportion of your leisure time waving Union Jacks and singing “Rule Britannia” with thousands of fellow loyal subjects of Her Majesty (she of the Revenue and Customs) without it having some sort of effect on your worldview.


    But for the media, which for months on end has largely turned a blind eye to the scale of Rangers’ problems and left the blogosphere to pick up the slack, it’s a time of panic. If Rangers fall they’ll probably take half the circulation (and pagecount) of the Daily Record with them, and the tabloid media in general is desperate for the club to survive in something as close to its present form as possible.


    So the story, told loudly and relentlessly, is that Scottish football couldn’t live by Celtic alone. Rangers, it’s insisted over and over, are vital to the continued health – nay, the very survival – of the domestic game. Their friendly, loveable fans, we hear, are the lifeblood of every other club in the league as they turn up twice a season to swell the stands and consume the Scotch pies and Bovril that pay the wages of the home side’s gangly centre-half. The TV riches that pour into SPL coffers would vanish too, without the juicy prize of four Old Firm games a year to tempt Sky into opening their gold-plated chequebook. All in all, take Rangers away and you might as well padlock the turnstiles from Inverness Caley Thistle to Queen Of The South and call it a day.


    But is it true? No. It’s a load of balls.



    This blog loves nothing more than a good delve in some stats, so we’ve been wading waist-deep in them this week. And the conclusion we’ve reached is that the collapse of Rangers would in all probability be the best thing to happen to Scottish football this century. Along with its Parkhead twin, the club is a giant vampire squid choking the Scottish game to death, and history strongly suggests that Scottish football can ONLY flourish if one or both of the Gruesome Twosome is in poor health.


    Firstly, let’s look at some of the myths.


    We’re told that the smaller clubs need the influx of cash generated by home games against the Old Firm every year. But how much is that really worth? Under the current SPL structure, there’s no guaranteed number of such fixtures each season. Aberdeen, for example, got just three last year (two against Rangers, one against Celtic), because they were in the bottom six of the league at the time of the “split”.


    In season 2010/11, the Dons had an average attendance at Pittodrie of just under 9,000. For the three Old Firm games, the average attendance was 13,378. That’s 4,504 extra punters through the gates per match, or a total for the season of 13,512. In other words, having Rangers and Celtic come to visit was effectively worth the equivalent of about 1.5 extra home games a year. (1.52, if you want to be picky.)


    Now, for a club on a tight budget like Aberdeen, 1.5 extra home games a season is a handy bit of cash. If we assume that the average spectator spends £40 on their ticket, programme, refreshments and whatnot, it’s over half a million quid in (gross) revenue.  But it’s not the difference between life and death. It could be achieved just as easily by an extended cup run or qualification for Europe – things which are significantly more likely to happen if you take one or both of the Old Firm out of the picture.


    Indeed, just a modest amount of progress in Europe can effortlessly eclipse a season’s worth of Rangers and Celtic ties. In season 2007/08 Aberdeen reached the last 32 of the Europa League, which is very much the poor relation of UEFA’s club competitions compared to the cash cow of the Champions’ League. Getting to the last 32 of it isn’t exactly spectacular success, but it nevertheless brought the Dons four extra home games that season, which drew a total of 74,767 paying customers.


    Alert viewers will have noticed that even this humble adventure was therefore worth almost SIX TIMES as much to the Pittodrie club as an entire season of Old Firm fixtures, and that’s before you factor in the not-inconsiderable matter of extra TV money and participation bonuses, which would surely boost that multiplier to 10 or more. (It’s perhaps also worth noting that even the first-round first-leg tie against the unglamorous FC Dnipro of Ukraine attracted a larger crowd than any of 2010/11′s games against Rangers or Celtic, despite having thousands fewer away fans.)


    From this we can see that if a team like Aberdeen qualified for Europe just fractionally more often, as as result of the demise of one or both of the Old Firm making places more easily attainable – maybe once every five or six years – the rewards could easily eclipse the losses. But there’s more to it than that, because the Europa League jaunt had a knock-on effect on domestic attendances too.


    When Hearts came to Pittodrie in the middle of the Europa run, the gate was 14,000. The corresponding fixture in 2010/11, at roughly the same time of year, saw just 9,100 show up. In other words, a tiny glimpse of success saw attendance over 50% higher – exactly the same sort of boost delivered in a normal season by the visits of the Old Firm. Even two months after the Dons were knocked out of the tournament by Bayern Munich, a home game against Falkirk could pull a crowd of 11,484 – a comparable late-season match (vs Hibernian) in 2010/11 managed just 7,400.


    Of course, you could argue that the higher attendances in 2007/08 were a result of a better season in general (Aberdeen finished 4th that year, compared to 9th in 2011). But then, that’s the point – fans are much more likely to turn up to watch games in a competition where their team has a fighting chance of achieving something than in a league where they’re just making up the numbers. Take one or both of the Old Firm out of the league and you instantly make it far more competitive, which makes it far more exciting, which makes it far more attractive for people to come and watch.


    This isn’t just an idle theory. Within living memory, Scottish football has actually experienced an extended period where one or other of the Old Firm was in dire straits, and the result was a far more competitive league with substantially bigger attendances for the non-OF clubs. While this era is often dismissed as a brief Alex-Ferguson-inspired flicker in the mid-80s, it in fact lasted for almost 20 years.


    The first phase was around the creation of the old Scottish Premier Division, running from the tail end of the 1970s and right through the 1980s, before David Murray and his bottomless wallet turned up at Ibrox around the turn of the decade. Rangers were in a woeful state at the time, winning the league just once in a 10-season spell between 1979 and 1988, and with home crowds at Ibrox regularly dropping below 10,000.


    (One 1979 league game against Partick Thistle brought fewer than 2,000 loyal Gers fans to the stadium, and no, that’s not a typo – we really mean TWO thousand.)


    But it wasn’t just Celtic who took advantage – in four of the other nine seasons of that decade the league title went to other clubs (Aberdeen three times, Dundee Utd once), and it would have been five if not for the most infamous last-day implosion in Scottish football history robbing Hearts of the 1985/86 flag.


    In other words, in a 10-team division fully 50% of the participants were mounting realistic challenges for the title – a feat probably never replicated anywhere else in the world in the history of football. The Scottish Premier Division was almost certainly the most competitive club league on the face of the planet, and such a healthy state of affairs was reflected on the broader stage.


    Aberdeen won the European Cup-Winners’ Cup (with an all-Scottish team) in 1983, defeating Bayern Munich and Real Madrid to secure the trophy, and also beat that year’s European Cup champions SV Hamburg to join the illustrious list of winners of the Super Cup. The next season Dundee United got to the semi-final of the European Cup (with the Dons making the Cup-Winners’ Cup semis), and three years later Jim McLean’s men reached the final of the UEFA Cup, knocking out Barcelona along the way but losing the final 2-1 to IFK Goteborg.


    The nature of Old Firm weakness changed between the late 1980s and the mid-1990s. David Murray had arrived at Rangers and was pouring money into the club, attracting big-name England internationals with the promise of European competition after English clubs were banned in the aftermath of Heysel. But while Rangers grew stronger Celtic weakened, and the Parkhead side hovered on the brink of bankruptcy for several years before being rescued by Fergus McCann in 1994.


    As a result, the Scottish Premier Division remained competitive. Although that sounds a daft assertion in the wake of Rangers’ nine-in-a-row of league triumphs (1989-97), the fact remains that four different teams finished in second place over the period, with Celtic not managing to do it until 1996. Rangers’ average margin of victory in the league race during the nine-season run was under 7 points, which contrasts sharply with the typical modern-day gap between the Old Firm and the rest of 30+ points.


    Indeed, over the entire 22-season lifespan of the old Premier Division, the Old Firm (in either order) took the top two spots just seven times, and five of those comprised the first two and last three seasons of the competition. Over a 17-year stretch in between, the Old Firm secured the 1 and 2 positions just twice. (Celtic-Rangers in 1978/79, and Rangers/Celtic in 1986/87.) In nine of the 22 seasons, the Old Firm couldn’t even both get into the top 3.


    The SPL era, on the other hand, has seen Tweedlehun and Tweedlydee cosily slice up first and second place in 12 of its 13 seasons (the only blip being Hearts pipping Rangers to the runner-up spot by a single point in 2005/06). Where the Scottish Premier Division was the most competitive league in the world, the SPL is now the least competitive, and therefore one of the least healthy.


    (During the life of the old SPD the Scotland international side qualified for World Cups in 1978, 1982, 1986 and 1998, and for European Championships in 1992 and 1996. Since the advent of the SPL in 1999, with the Old Firm hurling most of their money at foreign players, the national side hasn’t reached a single tournament finals.)


    Of course, the game has changed since the Premier Division. The SPL, Sky TV, Champions League and Bosman have all conspired – entirely by design – to make life harder for the smaller teams and cement the dominance of the bigger ones who can command higher TV audiences. Even this, though, is a slightly misleading picture.


    Media pundits are fond of pointing out that Sky’s interest in the SPL would plummet if it no longer had Old Firm games to offer its subscribers, and this is undoubtedly true. What nobody points out, however, is that the OF hog so much of the Sky money for themselves that even a massively-reduced deal from terrestrial broadcasters would be more evenly distributed in a notional post-Rangers world, and so would likely end up with the smaller teams seeing fairly similar amounts of money to what they get now.


    By way of illustration of the sort of sums involved, we examined the 2010 public accounts of Motherwell, who finished 6th in the SPL in 2010/11. Their total income from TV and radio was just over £1.2m. We’d imagine the bulk of that came from the Sky deal, but some will also be from elsewhere, eg the BBC rights to highlights packages and radio coverage. Arbitrarily, then, let’s say Sky is worth £1m a year to Motherwell, out of the total £16m that Sky pay the SPL every year.


    A typical home game at the average 2010/11 Fir Park attendance of 5,660 will generate something very roughly in the region of £225,000. If Sky disappeared and nobody took up the live-TV rights at all, the club would need to either play four extra home games OR attract an extra 1300 fans to each game to compensate, OR reduce its annual wage bill of a startling £3.3m, or some combination of the three.


    In a more competitive league with more chance of European football, that’s hardly an impossible dream – for reference, in 2007/08 when Motherwell finished 3rd their average attendance was around 1000 higher, at 6,600. The further 300 extra was achieved as recently as 2004/05.


    But even beyond that, the data in the early part of this feature (which is broadly reflected for all other Scottish sides, not just Aberdeen, but we’d be here all day if we were to list every one) proves that the crucial core principle remains the same – a team with a better chance of even the mildest definition of success, eg qualifying for Europe or reaching a domestic cup final, will see a large upshoot in its attendance figures, and more than enough to compensate for the less-frequent visits of Rangers/Celtic fans or a drop in TV money. And the prime driver of that increased prospect of success is the weakness (or absence) of at least one of the Old Firm.


    For all the commentators asserting that Scottish football would collapse – either in footballing terms or economic ones – should Rangers FC not make it out of season 2011/12 alive, the numbers simply don’t add up




  16. The Ghood will prevail on

    like = link


    Oh and in the highly unlikely event that the government arrange some 15-year carol vordermann style put your debts in one basket repayment plan, I’d be initially furious at the preferential treatment, but ultimately highly delighted as this would mean that the hun would have to repay every penny, and that we would spank them four times a season for the next hundred years.


    In fact, bring it on!

  17. Marrakesh Express on

    The Bhoy from the Village says:


    16 February, 2012 at 11:02



    I stand corrected pal. I went with the fact that a couple of Well fans in my work are Catholic. And the fact that they gave us


    Mcbride mcClair and Walker. However your right. They laid on an orange band for last years cup final… for one thing..




  18. !!Bada Bing!! Kano 1000 on

    lynott67 -A bhoy posted last night that the Administrator has 14 days to clear the decks as far as assets,salaries etc go.In effect they can get a fortnight’s work out of employees ,then bag them without paying them.Paraphrasing there.

  19. Davidopoulos at 11:04



    I take your point about consecutive seasons in administration, however what I have in my mind is a situation where Rangers cease to trade due to the fact that they are not a viable business, but the owner of the assets being unable to move the assets into a NewCo due to numerous investigations and court cases.



    In this case the SPL will have 11 clubs if Rangers are unable to fulfil fixtures and there is no way in the world they will play season 2012/13 with 11 teams just to keep a place open if Rangers return. What will happen is their share will be transferred to top SFL1 side and bottom SPL side keeps their share leaving 12 teams in league.



    “I can’t believe they are not the huns” newco (btw, I’m copyrighting that term) :) will then have nowhere to play when assets are finally transferred to someone.



    The only option is to do it at end of season, either this one or next.



    I realise that my hypothesis might not have any legal basis but can anything be done with the assets while legal cases regarding wrongful trading etc are ongoing? Especially if we assume that Whyte is the floating charge holder?



    Couple of points you or others may not be aware of.


    Liquidation is the process of winding up, ie transferring assets into cash. The company will still exist even after liquidation until such times as it is formally dissolved and removed from the records at Companies House.



    With that in mind, the administrators can liquidate the assets when the time comes, a court case over wrongful or fraudulent trading can still take place and if guilty Criag Whyte (or other directors) can asked to personally contribute towards the realisation of the assets, the administrator will divide these among creditors and not formally dissolve the company until the process is complete.



    A new “I can’t believe they are not the huns” club if it has purchased the assets can exist in parallell seperate from old Rangers.




  20. tweet from raman bawbag



    Alex Salmond: ‘The most diehard Celtic supporter understands that Celtic can’t prosper unless Rangers are there’. That’ll get em talkin’



    Salmond really doesn’t have a clue does he?

  21. Inaugural post..please be gentle..



    May I offer my sincere thanks to all contributors–this blog has been compulsive reading. Utterly addictive.



    It was suggested yesterday that Celtic might hold a press conference. Having made our position clear prior to the event, we do well simply to sit back and watch the bodies of our enemies go floating past. The rats are fighting among themselves in the bag; there is no need for us to join them. Our energies should be concentrated on keeping our players focused- we haven’t won anything yet.



    Team for Sunday, anyone…?

  22. 'crushed nuts?' 'Naw, Layringitis!' on

    Any betting that Saturday’s game at future ASDA will be ‘donate at gate’? Due to ST failure. My guess is that ranjurz plc (bent over & waiting) will try anything!!

  23. The Ghood will prevail on

    Gordon J, and indeed anyone out there who might know. There are two aspects to whyte’s actions that I simply can’t get my head around – perhaps you can shed some light?


    Firstly, the non-payment of PAYE, NI and VAT since May. In the long term, how does whyte expect to get away with this? Simply liquidate the company and stiff the taxman? Surely this is illegal or many businessmen would do it?


    Secondly, the ticketus deal. Everyone knows about the huns’ impending doom. Therefore why would a slick operation like ticketus forward whytey tens of millions of pounds? Surely there was some securitisation on this? If so, any ideas? A certain, A-listed bigotdome near kinning park? That could have massive implications for any newco.

  24. macjay1 for Neil Lennon on




    How precious can we get?


    Gold stars on excercise books?



    We`re in the right.




    Let`s not overdo it.

  25. What is the Stars on

    Voguepunter suggested these 3 horses earlier


    Wee treble for tonight at Kempton.





    May I humbly add 3 more appropriately named nags for today


    Civil Unrest (Muss 3.15)


    Johnny No Cash (Leicester 3.00)


    Skint (Leicester) 4.35

  26. lochgoilhead bhoy on

    I’ve just emailed Kenny MacAskill, Justice Minister the following (with thanks to YorkBhoy for the number of fire fighters figure):




    Dear Kenny,



    I read a report on the BBC website (http://www.bbc.co.uk/news/uk-scotland-edinburgh-east-fife-17049909) regarding cuts to the Fife Fire Service in which the Accounts Commission stated “It is difficult to see how further savings can be achieved without the potential for some increase in community risks.”



    I find it rather worrying in these straitened times that we are hearing other Scottish Ministers (e.g. Alex Salmond, Shona Robinson) declaring how vital it is for Scotland and Scottish football that everything is done to ensure Rangers FC survive.



    This is a company that is apparently responsible for a huge amount of Tax delinquency (reported at £9m in the last few months, £2.8m for the Small Tax Case and c£49m for The Big Tax Case). £49,000,000= 2,450 fire fighters.



    I find it astounding that the Government appears to be pulling out all of the stops to save Rangers whilst critical services are being threatened by budget cuts.



    Can you assure me that the main priority of the Scottish Government is to ensure that all taxes due from individuals and companies are duly collected and that you will support HMRC as they endeavour to do this with Rangers and other delinquent companies and individuals.



    Best Regards,






    You can reach all Scottish Ministers at scottish.ministers@scotland.gsi.gov.uk



    Just say who you want it directed to.

  27. Gordon_J


    Thanks , feel a bit better now.


    Perhaps i’m just being too greedy now, i was hoping


    for a few big names to go immediately.


    I was reading that Cousin was registered with SFA one hour before


    the administration was announced, phew just in time eh?

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