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rangers go in to adminastration

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By *weet Devil OP   Man  over a year ago

dukinfield

what the f++++ jeez things must be bad if rangers football club have gone bust facing a ten point deduction bet u scots have plenty to say and no doubt the celtic fans will be pissing themselves tonight

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By *ath-N-DelCouple  over a year ago

Glasgow area

You will probably find most of us don't give a toss

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By *un_JuiceCouple  over a year ago

Nr Chester

A lot will and do though.

I think the turnaround in recent weeks meant the title going back to the Bhoys.

It will get messy, even if it were so bad that Rangers had to start afresh they'd be voted straight into the SPL. Most of the clubs couldn't survive without them being there. And in all honesty eltic would surely not wish to see the end of their rivals. Who could they have the craic with ?

Hibees

Jambo's

Aberdeen

Nah.

Up the Gers !

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By (user no longer on site)  over a year ago

its all about dodgy accounting and a £50milion tax bill.

what i cant understand is, the owner is/was banned form being a company director on a few occasions, yet is allowed to buy a football club???

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By (user no longer on site)  over a year ago


"its all about dodgy accounting and a £50milion tax bill.

what i cant understand is, the owner is/was banned form being a company director on a few occasions, yet is allowed to buy a football club???"

Yes to the above. Got wind of this last year. The source mentioned other clubs who have also done the same, so maybe more to follow.

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By (user no longer on site)  over a year ago

also, what i find abbhorant is the old firm wanting to join the english league.

why??

surely it should be open to all, not just those 2???

and, personally, they wouldnt be any more thna decent championship teams.

heard pat nevin say he reckons it wouldnt take long for them to be in the top 4 of the prem every year, but really???? dont think so

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By (user no longer on site)  over a year ago

It shows even large clubs are not exempt from recession.

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By *landPeggyCouple  over a year ago

Holland !


"It shows even large clubs are not exempt from corruption."

FIFY

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By (user no longer on site)  over a year ago


"You will probably find most of us don't give a toss "

yup +2

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By (user no longer on site)  over a year ago

As already posted in Scotland forum, it might not be too ethical or moral but this is the ideal season to do it.

They're really struggling so take the points hit this season then they can start fresh and clean next season.

Re the Old Firm competing with English clubs, IF..... they ever joined the Championship/Premiership they wouldn't be competing as they presently are. There's far more money coming into the English game, so more money, better players, more able to compete.

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By (user no longer on site)  over a year ago


"As already posted in Scotland forum, it might not be too ethical or moral but this is the ideal season to do it.

They're really struggling so take the points hit this season then they can start fresh and clean next season.

Re the Old Firm competing with English clubs, IF..... they ever joined the Championship/Premiership they wouldn't be competing as they presently are. There's far more money coming into the English game, so more money, better players, more able to compete."

but would they not be with their current playing squad?

so surely they would be just as bad??

if they cant beat kilmarnock, ICT or hearts, et al, how can they compete with man u, everton, wolves, leeds cardiff and so on, that have developed thier playing squads for years.

also, how would it be fair for the lower league clubs that have worked hard to get up the league, only to be denied by the lardy arse non profitable, greedy big boys from scottish football, to come down and gurd their respective loins on the money that they should be getting because they have served thier time.

NO!!

imho the ONLY way they, and tbf ALL scottish clubs, should be aloowed into the english league (fcuk it, scrap the english league and make it a british league, and bring in the welsh teams too) is to start off in non league.

then again, WHY should we let scottish teams into the english leagues when they dont even want to mix with us in a national team for the olympics.

double standards me thinks

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By *unterslickCouple  over a year ago

tullamore


"what the f++++ jeez things must be bad if rangers football club have gone bust facing a ten point deduction bet u scots have plenty to say and no doubt the celtic fans will be pissing themselves tonight "

im a celtic supporter,albeit an irish one,and i have to say regardless of the club,its never good to see one going into administration,hope someone comes in and buys them so they can stay afloat

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By (user no longer on site)  over a year ago

so much for rangers saying if Celtic spend £5 we will spend £10,

Jelly and ice cream anyone lol

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By (user no longer on site)  over a year ago

OMG looks like they finally 'blue' it!

(getting coat)

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By (user no longer on site)  over a year ago


"so much for rangers saying if Celtic spend £5 we will spend £10,

Jelly and ice cream anyone lol"

and there lies the current problem with that quote from david murray (made in 2000).......they are paying for it now!!

if rangers go out of business then the sky deal will be worth around a fiver.....meaning the end of several clubs in the SPL

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By *emima_puddlefuckCouple  over a year ago

hexham

ha ha hah ha ha hah hah ha ha hah hah hah hah hah hah hah hah hah hah hah hah ha hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah hah

Couldnt happen to a nicer team...

There is a v good blog ,google rangers tax case

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By (user no longer on site)  over a year ago

Harry Redknapp got a phone call today. It wasn't the FA offering him the England job - it was Rangers asking for tips on how to avoid paying tax.

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By *aucy3Couple  over a year ago

glasgow

i can remember the situation at celtic before fergus took over,and how sympathetic and understanding,the rangers fans were.

so with this in mind.

i shall just reiterate what gemima said.

ha ha hahaha ha ha ha hahaha ha ha ha hahaha ha ha ha hahaha ha ha ha.

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By *at n michaelCouple  over a year ago

AYRSHIRE

ANOTHER bigot and racist comment....for YEARS scotland has been trying to rid this cancer from our game can see why it will NEVER happen ............mick the CELTIC supporter .....

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By (user no longer on site)  over a year ago

I don't know the answer to this so I'll ask it..If Rangers went bust and folded how long would Celtic last? Or even the SPL?

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By *aucy3Couple  over a year ago

glasgow


"ANOTHER bigot and racist comment....for YEARS scotland has been trying to rid this cancer from our game can see why it will NEVER happen ............mick the CELTIC supporter ....."

where mick.

has a post been removed

or are you having a problem,in understanding the meaning of the words,

bigot and racist.

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By *emima_puddlefuckCouple  over a year ago

hexham


"ANOTHER bigot and racist comment....for YEARS scotland has been trying to rid this cancer from our game can see why it will NEVER happen ............mick the CELTIC supporter .....

where mick.

has a post been removed

or are you having a problem,in understanding the meaning of the words,

bigot and racist."

up there, an uncalled reference to religion in derogatory terms..

now back to the schadenfreude

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By (user no longer on site)  over a year ago

Doesn't Scotland want independance from the uk?

They play in Scotland and can stay in Scotland

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By *ilandlarryCouple  over a year ago

more north lincs than mids!


"Doesn't Scotland want independance from the uk?

They play in Scotland and can stay in Scotland "

Not everyone in Scotland wants independance ... please do not tar us all with the same brush!

I think it's a sad day for football as a whole. No doubt someone will come along, buy the club for a pittance and deal with the debt.

I don't get all the ice cream and jelly comments either btw!!??

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By (user no longer on site)  over a year ago

That's what ur leading party wants though isn't?

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By *ilandlarryCouple  over a year ago

more north lincs than mids!

it doesn't matter what the leading party wants. They don't speak for the entire nation. If they don't get enough votes then it doesn't happen.

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By *emima_puddlefuckCouple  over a year ago

hexham


"Doesn't Scotland want independance from the uk?

They play in Scotland and can stay in Scotland "

Berwick are in England and play in the Scottish league

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By *amschwingerzCouple  over a year ago

West


"It shows even large clubs are not exempt from recession."

Yep...it can and will happen to more clubs, if a club like Rangers can go under than what hope is there for the minnows of the game...

But this isnt just about the recession its also about the money in the game...footballers and their greedy agents milking clubs for every penny they can get..

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By (user no longer on site)  over a year ago


"As already posted in Scotland forum, it might not be too ethical or moral but this is the ideal season to do it.

They're really struggling so take the points hit this season then they can start fresh and clean next season.

Re the Old Firm competing with English clubs, IF..... they ever joined the Championship/Premiership they wouldn't be competing as they presently are. There's far more money coming into the English game, so more money, better players, more able to compete.

but would they not be with their current playing squad?

so surely they would be just as bad??

if they cant beat kilmarnock, ICT or hearts, et al, how can they compete with man u, everton, wolves, leeds cardiff and so on, that have developed thier playing squads for years.

also, how would it be fair for the lower league clubs that have worked hard to get up the league, only to be denied by the lardy arse non profitable, greedy big boys from scottish football, to come down and gurd their respective loins on the money that they should be getting because they have served thier time.

NO!!

imho the ONLY way they, and tbf ALL scottish clubs, should be aloowed into the english league (fcuk it, scrap the english league and make it a british league, and bring in the welsh teams too) is to start off in non league.

then again, WHY should we let scottish teams into the english leagues when they dont even want to mix with us in a national team for the olympics.

double standards me thinks"

Excuse me, if you're going to quote and refer to a previous post, it would help if you read what's in front of you.

I used the small word "if", I even put it in capitals, and nowhere did I suggest that the Old Firm should be in the English League. Remove your blinkers and read what I actually said!

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By *emima_puddlefuckCouple  over a year ago

hexham


"It shows even large clubs are not exempt from recession.

Yep...it can and will happen to more clubs, if a club like Rangers can go under than what hope is there for the minnows of the game...

But this isnt just about the recession its also about the money in the game...footballers and their greedy agents milking clubs for every penny they can get..

"

This has nothing to do with either, Rangers tried to circumvent tax law, and so the club is responsible.

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By *illiam19Couple  over a year ago

glasgow

BYE BYE RANGERS ha ha ha

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By (user no longer on site)  over a year ago

Looks like them jocks aren't so good at hanging on to their sporan purses then. Mind you bit of cheating the tax man so little sympathy as the country could do with the 50 mil in unpaid tax.

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By (user no longer on site)  over a year ago

So Rangers have entered into administration and face an immediate 10-point deduction, which will move them for their current 2nd position in the SPL to.... 2nd position.

They have 61pts and Motherwell in 3rd has 42.

Rangers could be deducted ALL their current points total and still finish 2nd in that mickey mouse league.

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By (user no longer on site)  over a year ago

FReeeeeeedom!

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By *lassic1Man  over a year ago

bellshill

Its all so sad and just too late...Rangers had secured the backing of a multi millionaire on Friday.......Too bad it was Whitney Houston

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By (user no longer on site)  over a year ago


"As already posted in Scotland forum, it might not be too ethical or moral but this is the ideal season to do it.

They're really struggling so take the points hit this season then they can start fresh and clean next season.

Re the Old Firm competing with English clubs, IF..... they ever joined the Championship/Premiership they wouldn't be competing as they presently are. There's far more money coming into the English game, so more money, better players, more able to compete.

but would they not be with their current playing squad?

so surely they would be just as bad??

if they cant beat kilmarnock, ICT or hearts, et al, how can they compete with man u, everton, wolves, leeds cardiff and so on, that have developed thier playing squads for years.

also, how would it be fair for the lower league clubs that have worked hard to get up the league, only to be denied by the lardy arse non profitable, greedy big boys from scottish football, to come down and gurd their respective loins on the money that they should be getting because they have served thier time.

NO!!

imho the ONLY way they, and tbf ALL scottish clubs, should be aloowed into the english league (fcuk it, scrap the english league and make it a british league, and bring in the welsh teams too) is to start off in non league.

then again, WHY should we let scottish teams into the english leagues when they dont even want to mix with us in a national team for the olympics.

double standards me thinks

Excuse me, if you're going to quote and refer to a previous post, it would help if you read what's in front of you.

I used the small word "if", I even put it in capitals, and nowhere did I suggest that the Old Firm should be in the English League. Remove your blinkers and read what I actually said! "

i did read what you said, and i noted the IF!!!!!!!! it still doesnt make and difference.

IF!!!!!!!they were entered into the english setup, they should start in non league. end of!

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By (user no longer on site)  over a year ago


"It shows even large clubs are not exempt from recession."

No reality in this case.

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By (user no longer on site)  over a year ago

Just heard that Ally mcoist is to take up a job offer with sky which has better salary than he gets at rangers. Ally has told a press conference that he is really exited and looking forward to the challenge as he has never fitted a sky dish before . . . . .

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By *waymanMan  over a year ago

newcastle


"As already posted in Scotland forum, it might not be too ethical or moral but this is the ideal season to do it.

They're really struggling so take the points hit this season then they can start fresh and clean next season.

Re the Old Firm competing with English clubs, IF..... they ever joined the Championship/Premiership they wouldn't be competing as they presently are. There's far more money coming into the English game, so more money, better players, more able to compete.

but would they not be with their current playing squad?

so surely they would be just as bad??

if they cant beat kilmarnock, ICT or hearts, et al, how can they compete with man u, everton, wolves, leeds cardiff and so on, that have developed thier playing squads for years.

also, how would it be fair for the lower league clubs that have worked hard to get up the league, only to be denied by the lardy arse non profitable, greedy big boys from scottish football, to come down and gurd their respective loins on the money that they should be getting because they have served thier time.

NO!!

imho the ONLY way they, and tbf ALL scottish clubs, should be aloowed into the english league (fcuk it, scrap the english league and make it a british league, and bring in the welsh teams too) is to start off in non league.

then again, WHY should we let scottish teams into the english leagues when they dont even want to mix with us in a national team for the olympics.

double standards me thinks"

Where do you think Swansea, Cardiff, Wrexham and Newport County are from?

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By *waymanMan  over a year ago

newcastle


"Doesn't Scotland want independance from the uk?

They play in Scotland and can stay in Scotland

Berwick are in England and play in the Scottish league"

Gretna used to play in the Northern League in England...

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By *abioMan  over a year ago

Newcastle and Gateshead


"So Rangers have entered into administration and face an immediate 10-point deduction, which will move them for their current 2nd position in the SPL to.... 2nd position.

They have 61pts and Motherwell in 3rd has 42.

Rangers could be deducted ALL their current points total and still finish 2nd in that mickey mouse league. "

won't make any difference... if they are not out of administration by the middle of march.. they also won't be allowed in any european competition next year either...

see.. part of me has no sympathy for rangers as a football club at all.... if the rest have had to play by the same rules, they basically cheated......

but part of my does have a lot of sympathy for the fans as the club has been basically mismanaged....

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By (user no longer on site)  over a year ago


"So Rangers have entered into administration and face an immediate 10-point deduction, which will move them for their current 2nd position in the SPL to.... 2nd position.

They have 61pts and Motherwell in 3rd has 42.

Rangers could be deducted ALL their current points total and still finish 2nd in that mickey mouse league. "

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By *emima_puddlefuckCouple  over a year ago

hexham


"Doesn't Scotland want independance from the uk?

They play in Scotland and can stay in Scotland

Berwick are in England and play in the Scottish league

Gretna used to play in the Northern League in England..."

ohhh i never knew that!

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By (user no longer on site)  over a year ago

Good riddance I say.. jase

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By *histler21Man  over a year ago

Ipswich

How the hell do football clubs run up such a large tax bill? And why are they allowed to get away with it?

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By (user no longer on site)  over a year ago


"How the hell do football clubs run up such a large tax bill? And why are they allowed to get away with it?"

yeah,it's not like they're Vodaphone or anything!

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By (user no longer on site)  over a year ago


"How the hell do football clubs run up such a large tax bill? And why are they allowed to get away with it?"

This is my thought too. Equally, if this was a commercial organistion rather than a football club would the taxman not be stripping assets and potentially forcing bankruptcy? In theory could HMRC sell the ground?

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By *atisfy janeWoman  over a year ago

Torquay


"How the hell do football clubs run up such a large tax bill? And why are they allowed to get away with it?

This is my thought too. Equally, if this was a commercial organistion rather than a football club would the taxman not be stripping assets and potentially forcing bankruptcy? In theory could HMRC sell the ground?

"

No...because by entering administration the football club (or any other limited company) are protecting themselves from immediate action by their creditors.

The Adminstrators will then attempt to come to a mutual agreement with the creditors of the club (company) to accept a vast reduction in the debt.

HMRC and other creditors will then have to write the balance off, typically somewhere in the region of 80p in the pound.

And they are not a football club rather than a commercial organisation, they are a Limited Company in just the same way.

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By (user no longer on site)  over a year ago

couldn't give a flying fuck.

Football is the opium of the masses don't ya know.

FKN pishhhhhhhhhhhhh!

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By (user no longer on site)  over a year ago


"see.. part of me has no sympathy for rangers as a football club at all.... if the rest have had to play by the same rules, they basically cheated...... "

and is this not why UEFA are planning these new rules that clubs must operate within a certain percentage of their turnover.

Chelsea, Man U, Man City are all 'cheating' other european clubs by spending money that they dont have. I would hazard a guess that between the above 3 clubs they have a debt of close on 2 billion pounds

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By *un_JuiceCouple  over a year ago

Nr Chester


"couldn't give a flying fuck.

Football is the opium of the masses don't ya know.

FKN pishhhhhhhhhhhhh! "

Owt to do with Hibs and Hearts being shit?

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By (user no longer on site)  over a year ago


"couldn't give a flying fuck.

Football is the opium of the masses don't ya know.

FKN pishhhhhhhhhhhhh! "

Why read a thread that is obviously about football if you don't give a fuck? It's like walking into a library and asking for a book on something you know you don't want to read.

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By *emima_puddlefuckCouple  over a year ago

hexham


"How the hell do football clubs run up such a large tax bill? And why are they allowed to get away with it?"

They ran up the bill by trying to evade tax through shell companies set up, they havnt got away with it, its just taken a while to hit the headlines.

This is from an excellent blog google rangers tax blog...

Rangers’ tax problem goes back to the 2000-2001 financial year. A tax plan was purchased from the Baxendale-Walker law firm and Rangers dipped their toes in the waters of a tax scheme which would, a decade later, place a cloud over the solvency of the club.

The scheme, an Employee Benefits Trust (EBT), can be operated legally. So let us look at how an EBT is supposed to be operated. Then we shall look at what Rangers FC have done.

When money is transferred to an EBT, it is no longer the property of the employer. It is the legal property of the trustee. A business owner can legally deposit large amounts of his company’s profits in the trust and then apply to the trustee for a loan. In practice, the loan never gets repaid, and the business owner or senior employee pays only a nominal interest rate on the loan (or tax on the benefit in kind). This is a fraction of the amount of money the loan recipient would have paid had he received the money as salary or a bonus which would be subject to PAYE and National Insurance Contributions. It may seem like a transparent scam to you and me- and it was- but HMRC failed to prove that the loans were not loans and that these schemes were just sham transactions. (See “Dextra” case).

So far, so good for Rangers FC. However, there were conditions behind the decisions that established case-law. Most importantly, such payments cannot be tied to contractual obligations e.g. salaries, appearance money, win bonuses, etc. EBTs worked for entrepreneurs who did not need to write down how much they wanted to withdraw from their businesses. A few senior directors who trusted the company could also join in with this legal loophole, so long as they did not insist that there was a documented promise of what they would receive.

The administrators (usually specialist law firms) are also required to exhibit independence from the company which is depositing money with the trust. So a few requests for loans need to be rejected and some amounts modified. Again, all fine if you are an entrepreneur who understands how the game is played and that everything will work out in the end.

The problems for Rangers started with the fact that footballers and their agents would never be so daft as to trust a ‘nod and a wink’ from a football club executive. Amounts for salaries, bonuses, appearance fees- are all the subject of written contracts. These contracts (which are routinely available during tax investigations) provide the Rosetta Stone for tax investigators. I cannot discuss some of the other evidence against Rangers FC, but I understand that at least some of Rangers FC executives were aware that what they were doing was illegal. These executives appear to have been overly diligent in their record keeping! (You will hear a lot more about this after the case is complete).

So facing a documentation trail that proves that the payments to the EBT were for contractual payments which would normally be subject to PAYE and NIC and that Rangers FC was aware that what they were doing was illegal (and far from the scheme which they purchased from Baxendale-Walker), Rangers’ lawyer, Andrew Thornhill QC, faces a monumental task. I can only hope for Rangers’ sake that they were not so stupid as to provide written guarantees for players saying that they did not need to repay these loans!

So how much could Rangers owe? The listing below shows Rangers’ annual contributions to the EBT (data from Rangers’ Annual Reports):

2010 £ 1.36m

2009 £ 2.36m

2008 £ 2.29m

2007 £ 4.99m

2006 £ 9.19m

2005 £ 7.24m

2004 £ 7.25m

2003 £ 6.79m

2002 £ 5.18m

2001 £ 1.01m

Total: £ 47.66m

So a total of about £48m has been paid into the trusts. The amount of tax due is actually open to debate. Some argue that this money should be treated as “post-tax” earnings. In such a case, Rangers would owe approx £32m in tax + £10m in NIC (Total of £42m). If this amount is treated as pre-tax earnings, the amount owed would be about £19m in PAYE and approx £5m in NIC (Total of £24m). My personal view is that this will be ruled as being “pre-tax” earnings and that the core bill payable will be about £24m.

In a case which goes back to 2001, the power of compound interest will work against Rangers. Interest charges are likely to be £10-12m on top of the £24m.

If Rangers lose this case, a separate process will begin to determine the amount of penalty to be applied. As discussed above, the extent of documentation on Rangers’ awareness of what they were doing is unlikely to bode well for any penalty payment. This would likely be 75-100% of the core underpayment amount. That could add another £18-24m to the bill.

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By (user no longer on site)  over a year ago


"couldn't give a flying fuck.

Football is the opium of the masses don't ya know.

FKN pishhhhhhhhhhhhh!

Why read a thread that is obviously about football if you don't give a fuck? It's like walking into a library and asking for a book on something you know you don't want to read. "

Nah,cos it's a forum which I thought was a platform for different opinions and exchanges of ideas,that ok with you? lol

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By (user no longer on site)  over a year ago


"couldn't give a flying fuck.

Football is the opium of the masses don't ya know.

FKN pishhhhhhhhhhhhh!

Owt to do with Hibs and Hearts being shit? "

Aye ,they are shit.But nowt to do with that...honest guv

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By (user no longer on site)  over a year ago

Since whyte took over he has failed to pay 9million in paye surely that is fraud and he should get charged.

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By *abioMan  over a year ago

Newcastle and Gateshead


"Since whyte took over he has failed to pay 9million in paye surely that is fraud and he should get charged. "

the 9 mil in unpaid PAYE and VAT is the 1st part of the case.... then there is the 49 mil over 10 yrs in the EBT that jem talked about....

plus if it goes against rangers... legal costs, plus acrewed interest on the money could be as another 25 mil....

I think rangers have gotten a sniff that the judgements are going to go against them... why wait till the very last moment to get an administrator in?

do I think rangers may go bust... yep.... and the SFA will start a new "rangers" club in the scottish 3rd division.....

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By (user no longer on site)  over a year ago

No the 9million unpaid paye is only from last may wen whyte took over it has nothing to do with the other tax

case.

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By (user no longer on site)  over a year ago


"what the f++++ jeez things must be bad if rangers football club have gone bust facing a ten point deduction bet u scots have plenty to say and no doubt the celtic fans will be pissing themselves tonight "
well as far as i am concerend ,dont give a f---,i have run my own bar for a long time and even stoped showing old firm games ,brings a lot of trouble with it and the bigitot behavour that follows is beyond my reasoning ,so as a scot .dont care .

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By (user no longer on site)  over a year ago

I'd love to know more about how they got into this pickle.

Taking the tax issue away for a minute I read yesterday that they were overspending to the tune of £10M a year. How has that happened if that figure is correct? Is it players' wages?

With their crowds/marketing presumably they could be one of the biggest teams without going into massive debt couldn't they?

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By (user no longer on site)  over a year ago


"Doesn't Scotland want independance from the uk?

They play in Scotland and can stay in Scotland

Berwick are in England and play in the Scottish league not all scotland wants independance,just thought i would through that in.

Gretna used to play in the Northern League in England...

ohhh i never knew that! "

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By (user no longer on site)  over a year ago

not all scotland wants independance ,we are not all on the the same train as salmond and his cronnies

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By *ovedupstillCouple  over a year ago

mullinwire


"I'd love to know more about how they got into this pickle.

Taking the tax issue away for a minute I read yesterday that they were overspending to the tune of £10M a year. How has that happened if that figure is correct? Is it players' wages?

With their crowds/marketing presumably they could be one of the biggest teams without going into massive debt couldn't they?"

when he came into the club, they got a massive loan secured on 10 years of season ticket sales, so for the next 8 years, they get very little revenue from season tickets as its straight out the door to the bank.

a lot of people i have been listening to have been saying it was the advocaat years that have crippled the club, although apparently Whyte proclaimed the club was solvent and out of debt, except for an £18mil waiver with HBOS/RBS or whoever, and yet, suddenly, 11 months later, its £50mil down.

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By (user no longer on site)  over a year ago

Mr Whyte can either go two ways here:

1) He can propose a deal with HMRC to pay back a certain percentage of the tax bill - either through administration a CVA or before that stage. HMRC may go for this because they are owed a similar level to Craig Whyte and so can't force through the CVA.

2) He is owed £40m by Rangers, HMRC are owed £50m (rough figures). He could shut the club down, liquidise the assets and become as anonymous as he was before the takeover talks began.

That's the risk you take with a single person owner though.

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By (user no longer on site)  over a year ago

How do Rangers FC owe Whyte £40M?

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By (user no longer on site)  over a year ago

It's only like a Sunday league in a proper country.

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By (user no longer on site)  over a year ago


"How do Rangers FC owe Whyte £40M?"

My thots also,he bought rangers for a pound and from wot we r led to beleive used the season ticket money to pay loyds 18 million so if anybody owns the club and r owed money it is the fans.

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By *atisfy janeWoman  over a year ago

Torquay


"How do Rangers FC owe Whyte £40M?

My thots also,he bought rangers for a pound and from wot we r led to beleive used the season ticket money to pay loyds 18 million so if anybody owns the club and r owed money it is the fans."

Then the fans should have brought it....It's a business, in business there is little room for sentiment.

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By *eorge17Man  over a year ago

Leven


"It's only like a Sunday league in a proper country."

Can you please explain exactly what you mean by that?

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By *ath-N-DelCouple  over a year ago

Glasgow area


"It's only like a Sunday league in a proper country.

Can you please explain exactly what you mean by that?"

He means he a bigot......

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By (user no longer on site)  over a year ago


"How do Rangers FC owe Whyte £40M?"

Sorry it may be less than 40m, but he took the Bank debt on didnt he?

He bought the shares from Sir David Murray last May for £1, but he took on the debt from Bank of Scotland, along with the tax liability. It's his role as creditor rather than shareholder that has led to administration.

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By (user no longer on site)  over a year ago


"How do Rangers FC owe Whyte £40M?

My thots also,he bought rangers for a pound and from wot we r led to beleive used the season ticket money to pay loyds 18 million so if anybody owns the club and r owed money it is the fans."

Paying for a season tickets guarantees a seat at a game, it doesn't give own ownership of the club. Whyte used the season ticket revenues as a guarantee against a loan to the club.

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By *UNCHBOXMan  over a year ago

folkestone


"How do Rangers FC owe Whyte £40M?"

I think his money is what is often called soft loans - ie he is owed money but very unlikely to call in the debts. Man city and Chelsea owners have soft loans from their owners, but they have pretty much written these off. It is quite common in football for owners to loan the club money but not expect it back.

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By (user no longer on site)  over a year ago


"How do Rangers FC owe Whyte £40M?

I think his money is what is often called soft loans - ie he is owed money but very unlikely to call in the debts. Man city and Chelsea owners have soft loans from their owners, but they have pretty much written these off. It is quite common in football for owners to loan the club money but not expect it back. "

Oh they get it back one way or another. These are business people after all and they don't get to where they are by giving colossal pots of cash away.

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By *ustyWoman  over a year ago

inverclyde

RANGERS are not gone just yet..... they will be back x

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By (user no longer on site)  over a year ago

Rnagers are going nowhere, as i speak to one of my players most days who plays up front for the Gers

They will be back like you say, and next season will wrestle that title back away from the Hoops.

Simply the best.

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By *aucy3Couple  over a year ago

glasgow


"Rnagers are going nowhere, as i speak to one of my players most days who plays up front for the Gers

They will be back like you say, and next season will wrestle that title back away from the Hoops.

Simply the best. "

or,simply the bust.

well untill they come back,can i just say.

ha hahaha ha ha hahaha ha hahaha ha ha.

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By (user no longer on site)  over a year ago


"

or,simply the bust.

well untill they come back,can i just say.

ha hahaha ha ha hahaha ha hahaha ha ha.

"

You are due a title anyway arent you, its only fair you get to hold it again as you have forgot what it feels like

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By *aucy3Couple  over a year ago

glasgow


"

or,simply the bust.

well untill they come back,can i just say.

ha hahaha ha ha hahaha ha hahaha ha ha.

You are due a title anyway arent you, its only fair you get to hold it again as you have forgot what it feels like "

if i could just reiterate.

ha hahaha ha ha hahaha ha hahaha ha ha.

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By (user no longer on site)  over a year ago


"if i could just reiterate.

ha hahaha ha ha hahaha ha hahaha ha ha. "

It's a good job your pictures are very sexy or i would swear at you ,

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By *aucy3Couple  over a year ago

glasgow


"if i could just reiterate.

ha hahaha ha ha hahaha ha hahaha ha ha.

It's a good job your pictures are very sexy or i would swear at you , "

lmao good answer lovin it

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By (user no longer on site)  over a year ago


"Rnagers are going nowhere, as i speak to one of my players most days who plays up front for the Gers

They will be back like you say, and next season will wrestle that title back away from the Hoops.

Simply the best. "

Who says they can't win this year, only needs Celtic to take the foot off the gas a bit.

They'll finish second anyway. That's the main problem it's a race of two.

Rangers need to play in the Premier League (English).

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By *UNCHBOXMan  over a year ago

folkestone


"How do Rangers FC owe Whyte £40M?

I think his money is what is often called soft loans - ie he is owed money but very unlikely to call in the debts. Man city and Chelsea owners have soft loans from their owners, but they have pretty much written these off. It is quite common in football for owners to loan the club money but not expect it back.

Oh they get it back one way or another. These are business people after all and they don't get to where they are by giving colossal pots of cash away."

Anyone who goes into football (a few exceptions apart)and puts money into a club knows they more than likely wont get most of it back. Jack Hayward, Jack Walker, Mohamad Al Frayed, Abramahiovic, Nigel Doughty, Steve Gibson, Mark Goldberg all businesmen and all have wrote off millions of pounds owning their respective clubs. Look at the case of Mark Goldberg and Crystal Palace, a successful businessman who brought Crystal palace, but which didnt even include the freehold of the ground.

Although football is a business, it isnt on the whole run as a business, because no other business model would allow some to spend upwards of 75% of their turnover on wages.

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By (user no longer on site)  over a year ago

Abramovich has put nearly £1billion into Chelsea over the last 9 years,There's no way he's gonna get that back,ever.

I'm not complaining tho

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By (user no longer on site)  over a year ago


"Rnagers are going nowhere, as i speak to one of my players most days who plays up front for the Gers

They will be back like you say, and next season will wrestle that title back away from the Hoops.

Simply the best.

Who says they can't win this year, only needs Celtic to take the foot off the gas a bit.

They'll finish second anyway. That's the main problem it's a race of two.

Rangers need to play in the Premier League (English)."

Yeah I agree, but Conference North,League 2,League 1 and the Championship first eh? Just like every other team has to right now

actually start em lower than that.

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Rnagers are going nowhere, as i speak to one of my players most days who plays up front for the Gers

They will be back like you say, and next season will wrestle that title back away from the Hoops.

Simply the best.

Who says they can't win this year, only needs Celtic to take the foot off the gas a bit.

They'll finish second anyway. That's the main problem it's a race of two.

Rangers need to play in the Premier League (English)."

i think they and celtic would struggle to stay in the prem..

easy to win year in year out when there are only 3 or 4 'average' teams in the whole division..

they dont have the squads to be able to survive..

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Abramovich has put nearly £1billion into Chelsea over the last 9 years,There's no way he's gonna get that back,ever.

I'm not complaining tho "

be a bit more in the summer..

after paying off whats his face..

dvt or psv...!!

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By (user no longer on site)  over a year ago

Celtic and Rangers are massive massive Football Clubs despite playing in a very poor standard League.

If they did ever come to the English Premier League and had the Sky money and all the other reveue what Premier League sides get, then i would fully expect them to be able attract top players as they get massive attendences every week.

They would settle down in the Premier and then i fully believe they would do well.

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By (user no longer on site)  over a year ago

they'd be mid table at best..the thing is,why should they be parachuted into the premiership?

scratch that,i already know the answer

they shouldn't

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By (user no longer on site)  over a year ago


"Abramovich has put nearly £1billion into Chelsea over the last 9 years,There's no way he's gonna get that back,ever.

I'm not complaining tho

be a bit more in the summer..

after paying off whats his face..

dvt or psv...!!

"

The name 'The Ginger Jose' seems like a sick joke now

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By (user no longer on site)  over a year ago


"Rnagers are going nowhere, as i speak to one of my players most days who plays up front for the Gers

They will be back like you say, and next season will wrestle that title back away from the Hoops.

Simply the best.

Who says they can't win this year, only needs Celtic to take the foot off the gas a bit.

They'll finish second anyway. That's the main problem it's a race of two.

Rangers need to play in the Premier League (English).

i think they and celtic would struggle to stay in the prem..

easy to win year in year out when there are only 3 or 4 'average' teams in the whole division..

they dont have the squads to be able to survive.. "

I whole heartily disagree, you assume they would have the same squad.

Celtic represent more than Glasgow, they represent Ireland and who's to say some Irish Americans (very rich ones) would pay handsomely to see them teach the Sassenachs a lesson.

Rangers they've got the protestants, but a lot more Scottish money would be forthcoming.

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By (user no longer on site)  over a year ago


"they'd be mid table at best..the thing is,why should they be parachuted into the premiership?

scratch that,i already know the answer

they shouldn't"

Im not saying i agree with them coming into the Premier League for one minute but i honestly think with all the money that comes with Premier League football and their fanbase, and all the potential investers that would be interested, then they would do well and attract players of a decent calibre for certain.

Our company and (me included) have done deals with Rangers and Celtic players in the last few years and they really can't pay decent wages depite them both being huge and famous clubs worldwide.

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By (user no longer on site)  over a year ago

in that case,if i win the euromillions i'll invest it in AFC Wimbledon and expect a place in the top tier.

Investment doesn't give you premiership status, Success does

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By (user no longer on site)  over a year ago


"in that case,if i win the euromillions i'll invest it in AFC Wimbledon and expect a place in the top tier.

Investment doesn't give you premiership status, Success does"

It got Wigan and Stoke in the Premier.

Ok Wigan are struggling but Dave Whelan pumped millions in when they were in the 4th Division getting crowds of 2000.

Same with Jack Walker at Blackburn.

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By (user no longer on site)  over a year ago

Also if you did win the EuroMillions and invested heavily into AFC Wimbledon, then of course you would achieve whatever you wanted to.

You would certainly see them in the Premier League.

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By *ouple in LancashireCouple  over a year ago

in Lancashire


"Rnagers are going nowhere, as i speak to one of my players most days who plays up front for the Gers

They will be back like you say, and next season will wrestle that title back away from the Hoops.

Simply the best.

Who says they can't win this year, only needs Celtic to take the foot off the gas a bit.

They'll finish second anyway. That's the main problem it's a race of two.

Rangers need to play in the Premier League (English).

i think they and celtic would struggle to stay in the prem..

easy to win year in year out when there are only 3 or 4 'average' teams in the whole division..

they dont have the squads to be able to survive..

I whole heartily disagree, you assume they would have the same squad.

Celtic represent more than Glasgow, they represent Ireland and who's to say some Irish Americans (very rich ones) would pay handsomely to see them teach the Sassenachs a lesson.

Rangers they've got the protestants, but a lot more Scottish money would be forthcoming.

"

clearly they would change some of their squad, ffs atm they have squads that would struggle player wise in the championship..

pretty much every time a player has gone from the english leagues they have had a good scoring record, hartson etc..

when the old firm players come south they struggle, since guys like dalglish anyway..

as for the 'sectarian fund raising' angle why would any rich irish american invest when they have better returns from their own sports franchises..

with their fan base yes after a few yrs if they survived in the top league they may get up near the top, not for several years though..

currently they are mid to top championship / lower prem..

and rangers may go out of business totally, which will affect the other part of the city's support..

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By (user no longer on site)  over a year ago

I simply hope it stops some of their dodgier fans pissing in our doorway every time there's a game on.....manky nuggets.

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By (user no longer on site)  over a year ago


"in that case,if i win the euromillions i'll invest it in AFC Wimbledon and expect a place in the top tier.

Investment doesn't give you premiership status, Success does

It got Wigan and Stoke in the Premier.

Ok Wigan are struggling but Dave Whelan pumped millions in when they were in the 4th Division getting crowds of 2000.

Same with Jack Walker at Blackburn."

it wasn't the investment that got them up.it was promotion that did that.other clubs have invested heavily and all it has got them is relegation or administration. one doesn't necessarily lead to the other

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By (user no longer on site)  over a year ago

and seeing as sectarianism has already been mentioned (it doesn't affect me,I don't have a religion or affiliation to either club)..what happens in November when Celtic fans hold up that anti poppy banner in an English ground?

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By (user no longer on site)  over a year ago

I'm not fussed what happens at Ibrox.

Just tell me that the mighty Queen of the South will be ok! And of course ah loook foooorward to the Dundee Derby.

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By (user no longer on site)  over a year ago

ok what does going into administration mean? the club will no longer exsist and close?

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By *hite SnakeMan  over a year ago

leeds

The Sun newspaper have admitted they hacked Ally McCoists phone they say they topped it up by a tenner.

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