Rangers FC

[5corpio]

Re: Rangers FC

Duff and Phelps, joint administrators of Rangers Football Club, issued the following statement today

Paul Clark, joint administrator, said: "We would like to thank all parties for their efforts in seeking to submit bids which preserve the long history and success of the Club. "We are delighted to announce that today we have received an unconditional bid for the business and assets of Rangers Football Club plc from Mr Bill Miller which has been accepted and he is now the preferred bidder. Mr Miller now proposes to complete his transaction by the end of the season.

"After many weeks of negotiation and deliberation we believe that the structure of the bid from Mr Miller provides not only the most deliverable outcome but preserves the history of the Club. Rangers Football Club will continue as the football club it has been for 140 years.

"Furthermore, Mr Miller and his team have sought clarity in relation to potential footballing sanctions and the place of Rangers Football Club plc within the Scottish Premier League. Significant progress has been made and discussions will continue throughout the period which Mr Miller now enjoys as preferred bidder.

"Very importantly, the bid also avoids the need for liquidation. All too often the term liquidation has been bandied about during the process without a clear understanding of what it actually means.

Read more here

[mystery1]

Re: Rangers FC

HMRC will rename Ibrox as “ Tesco”

FYP

M1

[Numpty Monkey]

Re: Rangers FC

HMRC will rename Ibrox as the “ Inland Revenue Arena”




I can only hope that Rangers fans don't abbreviate it

[pompeyfaith]

Re: Rangers FC

---> Call for the Prime Minister to intervene in the HMRC v Rangers Football Club tax issue - e-petitions

Signed If big corporations can get tax sweeteners to many billions I see no reason why football clubs cannot have some leeway.

[Never-In-Doubt]

Re: Rangers FC

Celtic getting gobby saying they don't need us

Ermmm - think you do (scummy fcukkers)

---> BBC Sport - Rangers key to SPLs new television deal

The Scottish Premier League's new live television contract will be under threat should Rangers drop out of the top flight following administration.

[Never-In-Doubt]

Re: Rangers FC

This confirms the ten point deduction in better details for you

---> BBC Sport - SPL clarifies when Rangers 10-point deduction would bite

[Never-In-Doubt]

Re: Rangers FC

---> Call for the Prime Minister to intervene in the HMRC v Rangers Football Club tax issue - e-petitions

[pompeyfaith]

Re: Rangers FC

Yes the players have image rights written in to there contracts and costs the clubs a fortune.

[PlanB]

Re: Rangers FC

Because part of it is also winning or taking part while being financially responsible. Ruining the club financially in the process would not be good for the club or the sport.

So a penalty for entering insolvency is there to discourage recklessness or mismanagement on the part of the club.

Unfortunate for the players, but that is part and parcel of a team sport.

So it was self-inflicted injury then. I didn't realize that. I thought that maybe they just hadn't sold enough match tickets, and games had been cancelled because of the snow with the pitch being somewhere in Scotland.

But there's so much sponsorship in football. Perhaps the players are individually sponsored which lines their own pockets but doesn't benefit the club in general. I've got a lot to learn about this not-so-beautiful game

[helmsman]

Re: Rangers FC

Niddy,
Can you not advise them on the UE of their £75,000,000 tax bill?

[Riz]

Re: Rangers FC

I can see why it's a good debt strategy but I can't see why it should ruin the club's chance of winning a trophy which I always thought was about skill and results. Why penalise the players who've worked their backsides off to win games. And I may add some jolly nice-looking backsides too

Because part of it is also winning or taking part while being financially responsible. Ruining the club financially in the process would not be good for the club or the sport.

So a penalty for entering insolvency is there to discourage recklessness or mismanagement on the part of the club.

Unfortunate for the players, but that is part and parcel of a team sport.

[pompeyfaith]

Re: Rangers FC

Because the actual football is only one side of the club that we see, the other side is the side we don't which all pins on cash to see the club through.

Players I have always maintained are over paid, but then there is as niddy says the other side which is sponsorship which is just as corrupt.

[PlanB]

Re: Rangers FC

Automatic 10 point deduction from your league table if the club enters administration.

Many clubs including my own tend to use administration as the preferred route as it releases frozen bank funds enabling the club to continue with it's football when the HMRC or any other creditor issues a winding up order.

I can see why it's a good debt strategy but I can't see why it should ruin the club's chance of winning a trophy which I always thought was about skill and results. Why penalise the players who've worked their backsides off to win games. And I may add some jolly nice-looking backsides too

[pompeyfaith]

Re: Rangers FC

PlanB,

Automatic 10 point deduction from your league table if the club enters administration.

Many clubs including my own tend to use administration as the preferred route as it releases frozen bank funds enabling the club to continue with it's football when the HMRC or any other creditor issues a winding up order.

That puts the kibbers on the winding up order as administration takes precedence and gives the club time to appoint an administrator to over see the running of the club and it's debts and find a buyer.

Administration usually takes a period of one year or less after which the club must enter a CONDITIONAL VOLUNTARY ARRANGEMENT (CVA) If it still cannot do this the club will then be liquidated and wound up.

[LooLoo]

Re: Rangers FC

Rangers have won more trophies than any other club worldwide - but the problem is we're in the wrong league and thus nobody wants to buy us. Pompey is a better proposition than we are, shockingly.

Look at Man City, imagine anyone thinking they would ever become something, they won't - but after maybe £300m they'll realise that. The owners ought to invest outside of the EPL as that will be the next bubble to burst, and as for us - we probably will not survive this.

I truly hope, as a die-hard fan, than we just slip under and don't come back. Not as things stand. Just quit as the current champions, with more than any other club worldwide and be done with it. We are not a thriving business, a £10m annual loss just aint good enough.

Blame the likes of Sky tv etc for the demise of smaller leagues, they pay us (an old firm game) £300k for the rights, yet Man U v Chelsea for example, both get over £2m each.

Fair? Fuck right off.

I pay my Sky bill every month just like the English so why should more of my subs go to fund them, it's all bollocks.

Bye Bye Rangers - been a hell of a time but it's the end of the road as we know it

easy just support a club that can support itself

O no I'm banned ag...................