Rangers go into Administration | Dossier passed to police

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

  1. Feb 27, 2012

    rcoobc Not as crap as eferyone thinks

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    Will the rangers players that get let go be bale to play for a new club straight away? I think so.
  2. Mar 2, 2012

    Frosty Logical and sensible but turns women gay

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  3. Mar 2, 2012

    niMic Curvy gay

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    And I'm all out of bubblegum.
    Thomas Rogne. One cap. After your post.
  4. Mar 2, 2012

    pillory Full Member

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    Tam Rognelin.
  5. Mar 2, 2012

    Cheesy Full Member

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    Going to be interesting to see who goes at Ibrox. Player redundancies are really going to destroy the morale, if it hasn't been completely destroyed already.
  6. Mar 2, 2012

    Gio Full Member

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    McCoist and McCulloch have offered to manage/play for nothing till end of season apparently.
  7. Mar 3, 2012

    77 Full Member

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    Ally might have to put his boots on and play before the end of the season.
  8. Mar 3, 2012

    Ramshock Full Member

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    Probably could still get 1o goals a season
  9. Mar 3, 2012

    golden_blunder mijn naam is Golden Blunder en ik hou team LVG

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  10. Mar 5, 2012

    77 Full Member

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    Pure hearsay this, but a mate of mine had dinner with a relatively well known former Gers employee last week, and the gist of what was said was its the tip of the iceberg and people will end up in jail.

    Acording to Talksport, Rangers players have rejected big pay cuts. Things are only going to get worse at Ibrox.
  11. Mar 5, 2012

    Dave89 Full Member

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    Talks of a fundraising friendly with Portsmouth
  12. Mar 6, 2012

    cold-zebra Clare Baldings Daughter

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    I hear Ibrox is to be renamed the Inland Revenue Arena, or IRA for short. It's only provisional though.
  13. Mar 6, 2012

    Frosty Logical and sensible but turns women gay

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  14. Mar 6, 2012

    Orton Ati-virus, keeps missing the n button

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    Bartley has tweeted about wanting to get home, so i'm assuming since he's a loanee he will be next.
  15. Mar 6, 2012

    Wonder Pigeon 'Shelbourne FC Supporter'

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    Forza Shelbourne
  16. Mar 6, 2012

    Cutch Shit stirrer (Literally)

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    Fair play to Wylde.
  17. Mar 6, 2012

    Brophs The one and only

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    Classy move that. But he won't struggle to find a club. Weren't Bolton after him during the summer?
  18. Mar 6, 2012

    Cutch Shit stirrer (Literally)

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    He should get a club easily enough. Not sure if he's been as good this season as last but he'd be one of the few with a chance of having a decent career in Premiership/Championship
  19. Mar 7, 2012

    Orton Ati-virus, keeps missing the n button

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  20. Mar 7, 2012

    MUFCgal Full Member

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    Not looking good for Rangers at all I'm afraid.
  21. Mar 7, 2012

    Guy Incognito Full Member

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  22. Mar 7, 2012

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

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    The administrators can't make any of the high-earning players redundant, because these players constitute the only value in the club for any buyer. McGregor, Davis, Whittaker and Naismith currently constitute Rangers as a going concern. Get rid of them and you're left with worthless journeymen and few other assets.

    Unless someone buys them in two days (and who would/could buy them with an unknown and enormous tax bill about to land on them in the next few days) then liquidation's a certainty.
  23. Mar 7, 2012

    Cheesy Full Member

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    Not just that, but they went out to try and sign Daniel Cousin just when they were about to go into admin. By that stage they knew it was happening, but they still tried to buy more players.
  24. Mar 7, 2012

    Sultan السلام عليكم و رحمة الله و بركاته

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    Get your credit cards out Gers fans.

    50000 fans paying a 2k each would get the club out of this situation.

    This is how religious buildings are built.
  25. Mar 7, 2012

    Cutch Shit stirrer (Literally)

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    Cousin was a free transfer tbf, and i dont think McCoist and co realised just how dire the situation was at that time.

    I have heard rumblings about fans trying to donate cash via a website. 50,000 paying £20 for the next 3-4 months would pay the 1 million needed each month til the end of the season. Not sure how far on they are with that but, and administrators mightn't even take cash donations.
  26. Mar 7, 2012

    Sarni nice guy, unassuming, objective United fan.

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    It's wasting your money though when the club can't be managed out of it.
  27. Mar 7, 2012

    prateik City Fan

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    Arent they tax exempt?
    Problem solved.... ?
  28. Mar 7, 2012

    Sultan السلام عليكم و رحمة الله و بركاته

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    I hardly think tax is ever going to be recovered anyway. Might as well let the club roll if it means jobs and associated business are going to be saved. I understand it would set a precedent, but HMRC should never have been in a situation where they were owed Millions before taking action.
  29. Mar 7, 2012

    davisjw Full Member

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    The American boys would do alright: Boca, US captain, was also captaining in the French first division. He would get attention. And Edu was rumored to France with a team coming out and saying they want him, so he'd get one too.

    Rangers have quality players - they just overpay. Then continue to throw money away.

    Scotland :rolleyes:
  30. Mar 7, 2012

    Cheesy Full Member

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    Thing is, they still had to pay his wages though, so why were they adding to the wage bill when they knew that they couldn't cope with the current one.
  31. Mar 7, 2012

    misterredmist Full Member

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    Wow, what a situation, it seems to get worse everyday for Rangers - and I wouldn't be surprised if there's more hidden gems to come out regarding Craig Whyte's "stewardship".

    He had some brass neck doing the deal the way he did, and I'm sure that he'll have to watch his back from now on as he's bound to have made a lot of Gers fans extremely angry. And I do recall certain high profile Rangers people objecting to his proposed takeover....

    It clearly shows with Gers and Pompey that these due diligences and fit and proper person tests are capable of being masked by paper trails just like athletes can use masking agents for their steroids.....

    Sad, sad, state of affairs, Scottish Football is struggling enough without this, but HMRC were definitely too slow on the uptake, and Murray certainly over funded some of his managers at the turn of the century, baring in mind their TV revenues are probably at English Championship Divison levels.
  32. Mar 8, 2012

    Drifter American

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    SFA saying they are not hundred percent sure Rangers will finish the season.
  33. Mar 8, 2012

    stand_free Full Member

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    Once this is all over I'm pretty sure there will be some individuals looking at a stint in Barlinnie.

    Appalling mismanagement from Murray and now Craig Whyte. Liquidation appears to be the only outcome now.
  34. Mar 8, 2012

    gooDevil Worst scout ever

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    There has to be a really, really rich Catholic that would find it most amusing to own Rangers.
  35. Mar 8, 2012

    Plan M Banned

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    Just face it mate, Celtic are a very average side. Rangers are worse.
  36. Mar 8, 2012

    lynchie Full Member

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  37. Mar 8, 2012

    Frosty Logical and sensible but turns women gay

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    The Pope?
  38. Mar 8, 2012

    Cheesy Full Member

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    Incredible to think that the man was ever seen as being fit and proper to run a football club. More evidence that these tests they do on new owners are completely useless.
  39. Mar 8, 2012

    Guy Incognito Full Member

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    Exactly. Nothing SFA can do about it now.
  40. Mar 9, 2012

    rcoobc Not as crap as eferyone thinks

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    The Rangers2012 Scenario:

    With Rangers' immediate future unknown, the club's administrators have refused to rule out the possibility of a 'newco' being created and the current company being liquidated.

    We take a look at how complicated it would be for any new company to join Scottish football's professional leagues and whether they would join the Scottish Premier League or the Scottish Football League.

    What is a newco?

    It is a new company which is set up in the guise of an existing football club, with a view to assuming its likeness, assets and league membership, if it goes out of business.

    Could the newco go straight into the SPL?

    The SPL’s articles of association provide a path for a newco to gain access to the league.

    The league is controlled by its 12 clubs, which each have a single share in the company. In the event of a club being subject to an insolvency event, such as administration or liquidation, the appointed practitioner holds the entitlement to the share.

    At any stage, be it during administration or a liquidation process, an application can be made to the SPL board for the share to be transferred to another company.

    Who decides?

    As per article 11 of the SPL's Articles of Association, the SPL board must give its consent for a member share to be transferred. Despite other Articles suggesting otherwise, the other members of the league would not be given a say.

    Article 11 states: "Except where such transfer is occasioned by the promotion of an association football club from and relegation of a Club to the SFL the consent of the Board shall be required before the transfer of any Share shall be registered."

    The SPL board consists of Ralph Topping (SPL chairman), Neil Doncaster (SPL chief executive), Eric Riley (Celtic), Stephen Thompson (Dundee United), Derek Weir (Motherwell) and Steven Brown (St Johnstone). Topping has the casting vote in the event of a split decision.

    Providing final approval is granted, the share will be sold to the newco for £1. The old club will immediately cease to be a member of the SPL, and the newco would become a member in its place.

    Are there any possible sanctions?

    The member clubs could suggest any sanction they see fit. The imposition of a points penalty on any new club coming into the league has previously been speculated upon.

    There are no regulations stating there must be penalties in such an eventuality. A newco could be allowed into the SPL with or without sanction.

    Leeds United offer the closest precedent. The club's member share in the Football League was transferred to a newco during the off-season. The newco inherited all of the previous company's playing records, and had a points sanction imposed on them, starting the season minus 15 points.

    Interestingly, SPL chief executive Neil Doncaster was with the Football League at the time of the Leeds United case. The SPL's rules also bear resemblance to the rules of the Football League from that time.

    What would happen to Rangers' results this season?

    If Rangers ceased to exist and were not replaced, their results this season would be expunged under H5, which states: "If any club in the league ceases to operate or to be member of the league for any reason, its playing record in the league may be expunged and the number of relegation places from the league shall be reduced accordingly."

    This means all scores involving the club in 2011/12 would be removed from the records, and the league table adjusted.

    If a newco take over Rangers' place, there is no definitive explanation in the SPL rules and no precedent as to what would happen to Rangers' playing record.

    The more likely option would be for the newco to inherit Rangers' results from this season, while also being subject to further points sanctions from the league.

    Other eventualities would appear to be impractical. To preserve the integrity of the league, the newco would have to play 38 games between now and May. Or, they may only play the remaining amount of games left to be filled in the season, which would result in an imbalanced league.

    What if the newco isn’t voted into the SPL?

    As there would be one less club in Scotland’s professional leagues, a vacancy would open up at the bottom of the SFL, ie. the Third Division.

    As has been the case in the past, the SFL would invite clubs to apply for membership of the league. In recent years, Gretna and Annan Athletic have been admitted through this process.

    There is no guarantee a newco would automatically be given the vacant place. In the past, numerous clubs have competed against each other for the spot in the SFL.

    Could a newco take over an SFL club and rebrand it?

    Yes. There is nothing in the SFL’s rules which expressly forbids a current member club being purchased, rebranded and relocated.

    The biggest hurdle to any newco trying to buy out a club would arguably lie with convincing shareholders to approve the effective death of their team as they know it.

    If a club’s shareholders were willing to sell its membership and identity to any newco, then the next step would be gaining approval from the SFL board.

    SFL rule 86.2 states: “any club wishing to make any alteration to the designated name of the club or ground must first obtain the prior written consent of the board.”

    The league must also approve a club’s colours and kit designs before June 1 each year.

    So the situation where Airdrie United bought over Clydebank could happen again?

    Yes. Like in the Airdrie United example, the SFL board would have to give their approval to any change to membership.

    Would a newco be able to kill off a club as easily as Airdrie United did to Clydebank? That would remain to be seen.

    Clydebank were in administration and had no permanent ground, but were set to go ahead and play in the 2002/03 season.

    Airdrie United’s owners made a bid to Clydebank’s administrators to buy the club, on the condition it relocated to Airdrie and changed its name.

    The membership was successfully purchased, with the fact Airdrie United had agreed a deal to play at the Excelsior Stadium aiding the SFL board in their decision.

    Would the newco play at Ibrox and train at Murray Park?

    Both would be under the control of the administrators if the current company was liqudated. Both would be sold off in an attempt to raise as much money as possible to pay creditors affected by the business' collapse.

    For the newco to be able to use the two, they would either have to purchase them from the administrators, or agree to lease them back from whoever ultimately buys both.

    Would the Scottish Football Association intervene?

    The Scottish FA also exercise their authority on the transfer of membership and forbids any transfer of membership without its permission.

    The governing body makes it clear in their Articles of Association (14.1) that when a transfer is requested, a review is undertaken by the board.

    The board has complete discretion to grant or reject an application for transfer but also retains the right to impose any conditions or terms on the newco.

    Will any new owner be subject to a fit and proper persons test by the Scottish FA?

    There is no such test. The Scottish FA relies on the club, via its official return, self-declaring if there any possible reasons why an office bearer may not be fit and proper to be involved in football.

    Even if a person is subsequently found not to be fit and proper, there is nothing to stop an individual owning a club. As long as they do not appear on the board, ie. as chairman, nothing can be done.

    Can a newco qualify for European competition?

    Any club wishing to apply for a UEFA club licence and play in Europe must have been a member of a national association for three consecutive seasons.

    Any newco would be considered as a new entity and, therefore, would have to wait three full seasons before being eligible to play in the Champions League or Europa League.
    Q&A: What happens if Rangers form a 'newco' | Football | STV Sport

    Some highlights:

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