Rangers go into Administration | Dossier passed to police

Discussion in 'Football Forum' started by Anna_Livia, Feb 13, 2012.

  1. Feb 13, 2012
    #1

    Anna_Livia A jumped up pantry bhoy, who never knew his place.

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    They've lodged an intention to go into administration with the HIgh Court in Edinburgh.

    Next step: liquidation.
  2. Feb 13, 2012
    #2

    Ray Peterson Reserve Team Player

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    meh
    Then phoenix from the flames in the lower reaches of the English football leagues?
  3. Feb 13, 2012
    #3

    EdWeatherall TFD

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    Can't see that happening
    But that would be brilliant oneupmanship on Celtic
  4. Feb 13, 2012
    #4

    The Neviller Banned

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    Nev smash!!
    Shocking mismanagement. A club with their massive support, and over 40,000 a week in attendances going into administration is a joke.
  5. Feb 13, 2012
    #5

    Ray Peterson Reserve Team Player

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    Maybe after a decade or so when they get up to a decent standard.
  6. Feb 13, 2012
    #6

    MUFCgal Full Member

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    I agree.
  7. Feb 13, 2012
    #7

    Lance Uppercut Loves turn based games

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    I remember when they could attract (and afford) players like Laudrup and Gazza. What happened?
  8. Feb 13, 2012
    #8

    KingCantona87 Full Member

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    As my Scottish relatives up in Glasgow are all staunch Celtic fans I have to say this news brings a big grin to my face.
  9. Feb 13, 2012
    #9

    Anna_Livia A jumped up pantry bhoy, who never knew his place.

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    Yup. Plus, they've been cheating the taxman for a decade to buy success. The shit's about to hit the fan for them.
  10. Feb 13, 2012
    #10

    Crustanoid Full Member

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    Mad that - they genuinely rivalled our top clubs at one time. I think the weakness of the Scottish League at the crucial time of the input of Sky money and the re-formation of European football was the beginning of the end
  11. Feb 13, 2012
    #11

    McGrathsipan Full Member

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    Jasmin Harmans is a Lasher!
    is it a 10 point deduction ??
  12. Feb 13, 2012
    #12

    bsc Full Member

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    Real shame for their fans.

    I imagine Pompey will be next again.
  13. Feb 13, 2012
    #13

    Anna_Livia A jumped up pantry bhoy, who never knew his place.

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    Increasingly, they couldn't really afford them, but still managed to attract them. They consistently ran up enormous debts which were only serviced by selling off chunks of the club's infrastructure (catering, merchandising, now season tickets for the next 4 seasons) and offered players dodgy tax-free offshore payments. They've got a further £49m tax bill about to hit them (perhaps, they're waiting to hear the outcome of an appeal just now) which would almost certainly see them wiped out.
  14. Feb 13, 2012
    #14

    Talking Vulture He's shit, move on.

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    In with the Leeds scum
    Ah well.....
  15. Feb 13, 2012
    #15

    Randall Flagg Worst of the best

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    What about Phil?
    Crazy, I hate them...but I hope they manage to get out of it
  16. Feb 13, 2012
    #16

    Ray Peterson Reserve Team Player

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    Sad state of affairs when Chelsea can spend more than that on an under performing Torres and that figure could spell the end of a bigger club.
  17. Feb 13, 2012
    #17

    Lance Uppercut Loves turn based games

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    So colossal mismanagement basically?

    Still, I'd be surprised if they totally ceased to exist. They have a pretty big fan base, I'm sure someone will step in and produce some cash.
  18. Feb 13, 2012
    #18

    McGrathsipan Full Member

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    Jasmin Harmans is a Lasher!
    source?
  19. Feb 13, 2012
    #19

    Brophs The one and only

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    So what happens to the Jelavic money? Was that funnelled out of the club before administration?
  20. Feb 13, 2012
    #20

    acnumber9 Full Member

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    It shouldn't. Celtic would suffer long term too.
  21. Feb 13, 2012
    #21

    noodlehair "It's like..."

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    The HMRC thing that's being investigated at the moment could probably bury them. I'm guessing that's why this move is being made now?

    Scottish football really is dying on its arse.
  22. Feb 13, 2012
    #22

    Anna_Livia A jumped up pantry bhoy, who never knew his place.

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  23. Feb 13, 2012
    #23

    Ray Peterson Reserve Team Player

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    Indeed, I'd imagine the Glasgow Derby gets more international coverage than any other game in the league by a long stretch.
  24. Feb 13, 2012
    #24

    Anna_Livia A jumped up pantry bhoy, who never knew his place.

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    Our CEO reckons we won't. We released healthy interim results today (debt down by £2m) and have stand-alone plans for the nightmare/dream scenario.
  25. Feb 13, 2012
    #25

    Drifter American

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    Not surprised.History of very bad management of finances.
  26. Feb 13, 2012
    #26

    acnumber9 Full Member

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    Your CEO isn't living in reality I'm afraid. Like it or not the teams need each other. The Old Firm is the only interest in that league.
  27. Feb 13, 2012
    #27

    towcester_red Full Member

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    It would definitely effect Celtic.

    If they get hit by that £49m they are absolutely fecked!!

    Cheerio Scottish football
  28. Feb 13, 2012
    #28

    noodlehair "It's like..."

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    I reckon you'd do well not to come off much worse out of it.

    Financially you might be ok but it'll give you nothing to build on. The old firm derbies/revalries are the only thing the SPL really has going for it.
  29. Feb 13, 2012
    #29

    el eric Full Member

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    As much as i dont like them, I cant imagine its going to help scotish football at all.

    You reape what you sow though.
  30. Feb 13, 2012
    #30

    Dave89 Full Member

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    Pity it's not Liverpool but I'll take it
  31. Feb 13, 2012
    #31

    Zen86 Full Member

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    That's the joke.
    Time to bet on 10 consecutive titles for Celtic.
  32. Feb 13, 2012
    #32

    Oggmonster Full Member

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    It's ambitious to think that the league as a whole won't suffer. Sure in the short term they'd probably enjoy the success (although Celtic will be used to it) but a league where there is no compitition will fail miserably.

    Players may be motivated by money but I'd argue a lot are motivated by competition and bettering themselves, they aren't going to get that in the SPL without Rangers in as it is just a 1 team league. A knock on effect is that the TV money will decrease because no one will want to watch a league where the title is pretty much won before a ball is kicked, attendances will drop and therefore the money the clubs get will drop so they won't be able to sign many "good" players anyway.

    As much as Celtic won't want to admit it they do need Rangers (or someone else to step up and be serious competition) and it works both ways, the league is essentially a competition and there's not much fun in watching people compete for second place. I reckon if this happens it'll be disasterous for Scottish football, a lot of them will just fall away slowly due to it. I can see them being bailed out by someone.
  33. Feb 13, 2012
    #33

    Red Dreams Full Member

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    heck if one of the big two go into administration, Scotish football itself wont be far behind.

    bugger.

    so what are the various scenarios? Join the lowest tiers of the English league?
  34. Feb 13, 2012
    #34

    Guy Incognito Full Member

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    How much championship wins to go before they catch up on Rangers' league record?
  35. Feb 13, 2012
    #35

    Red Dreams Full Member

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    agree with those that say Celtic will be hurt by this.
  36. Feb 13, 2012
    #36

    Rado_N Grinner ruined my tagline

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    I might set up a company, let's call it 'haha lol ltd', and buy rangers for a quid.
  37. Feb 13, 2012
    #37

    Cheesy Full Member

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    The situation there is just a complete mess. They'll be lucky if administration is the least that happens to them. Worrying times ahead for Rangers.
  38. Feb 13, 2012
    #38

    Guy Incognito Full Member

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    They will release a statement in the next few hours. Sad day for British football and a lesson to clubs who don't spend within their means.
  39. Feb 13, 2012
    #39

    Anna_Livia A jumped up pantry bhoy, who never knew his place.

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    The crazy thing is that this hasn't been brought on by the tax case, which hasn't been decided yet. They've just run out of money.
  40. Feb 13, 2012
    #40

    Rossi19 Tag Master

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    Hearts have been struggling to pay their players too in recent times... sad days for Scottish 'football'

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