Unlike most of you so called jambos, tims and sheep worriers I support my team whereas you lot use your team basically as a vehicle to hate Rangers. Sad but indicative of the small mindedness, bitterness and bigotry that thrives in your midst.
If Rangers do go into administration then, as the club is the same club as it was when it was founded in 1872, we would suffer a 25 point penalty.
Whatever happens I will continue to support my team and will still proclaim WATP which seems to annoy more than a few on here.

Why dont the current board just fck off & hand over the reigns to someone else?
They have been a font of mis-information & lies since day one.
Admin 2 was never a possibility according to Wallace & co, and here we are again
What has happened to Dave King btw?

speaking purely as a neutral, a question, can you name a professional football team who has been knocked out of the same tournament TWICE in a fortnight. cheers.

Any clues bairn?

I see from your post IAM that you only query the bigotry. Can I take it then that you accept the small mindedness and the bitterness?

Almost agree with you there Gerbs until you got to the bit about having to rent Ibrox from them.
Because of a failure to complete some paperwork when Whyte was there Ibrox could not be sold/bought without going through the courts.

it wont be bought or sold it will  be getting  rented out  by the current owners ,RIFC to whoever buys TRFC

it wouldnt  need liquidation for RIFC to sell off trfc which it wholly owns

if the keep the properties RIFC becomes a property company with 2 assets and no loss making football team to worry about
and the new TRFC owners get a football team for a £1 who have to rent ibrox

that seems to be the end game for the spivs and hedge funds who own the majority of the shares


if someone comes out the woodwork saying they own ibrox and can prove it,it will be them that collects the rent

That can't happen.
Nobody can sell anything other than the administrators.
You paint a bleak, but fortunately false, picture.

"the real power behind them are milking Rangers and the fans for all they are worth"

                               

A bet Hearts are charging more for a ST,s and tell me when and how they will issue shares ,what shape the company will take and how will the board be run ?

How are celtic doing with their 34m wage bill ......

why are Hibs floundering and possibly up for sale ....

How is the SPFL (formerly the busted flush spl) doing for a sponsor ....

State Aid update to follow

Gees who owns celtic park?

There was a thread started on sevco media some time ago that Willie Haughey owned Celtic Park, for some reason ra berrs got all excited about this. (fk knows why)
Anyway, a short time later the thread got locked as it was absolute bollox, hope this helps.

it's amazing that their team is in freefall at the moment and yet they're still more worried about what's happening at rangers.

^^^^^^^
Reported, cheers.

And is it just over a week to admin 2?

How funny is it the Rangers fans thought "we'll get out of all this bother by just selling the naming rights, it'll always be Ibrox to us anyway"

Now hmmm.... how to spend the pound

ashley has a 5 year contract for the naming rights ,which kicks in the first day he exercises that right ,looks like he has decided to not waste 3 years of it in the lower divisions when he can start from the first day Rangers are in the top division
_____________

The share issue is covered btw so admin2, you'll be sorry to hear, has been avoided.


who has covered the share issue
no one has underwritten it according to RIFC satement to the stock exchange ?

Reading Lawwell's statement the other day cheered me up. Good to know he's on our side.
Maybe he'll lend us some of the many millions you lot think he has stashed away.

Oh deare Admin 1 or 2 on the horizon with the ring fencing of funds

good article in the Celtic Quick News explains how much is needed for a club to keep going even before player wages,unless a white or more apt a blue night comes over the horizon it aint looking good for Sevco




Warning from Blue Knights comes home to roost

06th    September    2014
272
o Newco Rangers have £1.2m in the bank and the courts have just arrested £620k, leaving circa £600k available.  In early September.  Football clubs have their cash high water mark in June, after season ticket money arrives, with the low-point coming the month before, so is liquidation just around the corner?  Not necessarily.

The club has a couple of significant problems: it’s short of money and has significant monthly outgoings, but it also has assets, and may have buyers for those assets.

Murray Park is an outrageous folly and should be sold immediately.  Protests to secure it have been acts of self-harm; swallow your pride and sell.  This is a football club in acute danger, pretentions of grandeur, and Murray Park is exactly that, should be shed immediately.  Albion car park and the Edmiston House office building are superfluous property assets and could be sold without stopping football operations.

Mike Ashley has an asset Newco want back – stadium naming rights.  He could repatriate these rights as a sweetener in a deal to buy Murray Park, Albion and Edmiston.  Newco could leaseback the training ground, Sports Direct would be able to build a stonking big tracksuit shop on the Albion site and the club could boast to fans that they negotiated back Ibrox naming rights.

This might sound like a bitter pill but it will keep the lights on a little longer, makes irrefutable sense and is relatively painless.  The original Rangers existed for over a century without Murray Park, one of Scotland’s best run topflight football clubs’ Motherwell, train on a school sports field, Newco Rangers could do the same.  A little humility right now would be good for them.

There remains a problem: cumulatively, these assets are unlikely to be worth more than the £4m the club hope to raise in their proposed (not underwritten) share issue.  This is still not enough to see them through the season.  Expenditure for the last season accounts are available, 2012-13, averaged close to £3m per month.  The club will need close to £20m between now and season ticket renewal time.

Creditors must be paid or the club will go into administration.  To pay creditors, without sufficient income or credit, more assets must be sold, specifically Ibrox.

If they go into administration before selling Ibrox, don’t expect events to follow a similar path to the one Duff & Phelps took when administering Oldco Rangers.  Duff & Phelps were appointed by a liquidation specialist with a specific remit.  They even tried to sign a player.  Newco in administration would follow a more conventional route: redundancies would take place and assets would be sold to pay creditors.

Ibrox is the only significant asset administrators would have to sell.  It could generate enough to pay creditors in full and get the club through to the end of the season.  Finding a buyer would be the main challenge, but as we all now know, the club can stand or fall, but whoever controls Ibrox can continue to get a rental return from successor club.

An administrator could dismiss the manager and some other highly paid staff, reducing costs to a more manageable level, and pay ordinary creditors in full.

Newco Rangers need to finish in the top four to be in with a chance of promotion, which would be a challenge, but not an insurmountable one with the right manager in place.  They could be a top flight club next season.

This is not how fans wanted the Newco to progress but after they were unable to raise more than the £5.5m Charles Green’s consortium put on the table to buy Rangers assets, the future was mapped out.

Costs for police, insurance, electricity, IT, office staff, security and the million other items needed by a football club who occasionally host 50,000 people will be no less than circa £17m p.a – before you employ a footballer.

Newco’s income could rise from the £19m they earned in season 2012-13 (though possibly not this season), but there’s just not enough money to run a football team.  Scottish Premiership football would be a chastening experience, the levels of austerity required going forward would be draconian.

Fans can protest that they are watching the same old club all they like, but it’s not going to look anything like the Rangers you or I have ever known – and I knew them under John Greig.  And here’s the nub, the most optimistic financial projections are based on Newco selling the same number of tickets Oldco sold.  Would a Newco competing alongside St Mirren and Kilmarnock sell any more than the 23,000 season tickets they’ve sold this year?

The long-term financial fundamentals remain unchanged.  In 2012 the Blue Knights concluded there was no viable future for football at Ibrox if Rangers were liquidated.  Two years later all the evidence reaffirms that position.  This is a dead multi-club franchise.