Rangers in administration

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Re: Rangers in administration

Postby gizmo » Fri Mar 09, 2012 7:37 pm

Not yet Billy boy. :shock:
Keep the faith. :)
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Re: Rangers in administration

Postby odds » Sun Mar 11, 2012 12:15 am

Sheik Yir Erse wrote:[i]Apologies for the length of these 2 exerts - however if you're short of time, just read the interesting red bits!!

I got as far as the first bit highlighted in Red as suggested and realised that Lloyds Banking Group were involved, isn't that the Bank that had to be bailed out by taxpayers to the tune of a few billion quid due to bad investments ? .... Would you really take investment advice off them :) Mind you it isn't thier money is it !!!

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Re: Rangers in administration

Postby Hume » Thu Apr 05, 2012 9:25 pm

Not quite the £26.7m owed to Ticketus but interesting to note the following in a long long list of creditors of RFC Ltd:

Argyll and Bute Council Cashier Section Head of I.C.T & Financial Serv Witchburn Road Campbeltown, Scotland PA28 6JU £406.80
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Re: Rangers in administration

Postby Sheik Yir Erse » Thu Apr 05, 2012 10:59 pm

Shred-It Glasgow is owed £444
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Re: Rangers in administration

Postby Jock Strap » Mon Apr 09, 2012 10:45 pm

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Re: Rangers in administration

Postby MJ » Tue Apr 24, 2012 2:14 am

Maybe I should have been listened to instead of being ridiculed BOTH times, first in 2007 and then in 2009.
MJ wrote:I hate to say I told so but

by MJ on Tue Jun 05, 2007 2:58 pm

Hitman. I wouldn't count on any big money, big name signings.

MIH, Rangers parent company is in circa £500m debt.

The Bank of Scotland is at the end of its goodwill to Sir Dodgy Dave

Ibrox is overvalued by several tens of millions.

Rangers can't make any money because all the catering etc is owned by MIH not Rangers.

Rangers can't make any money out of merchandising because of the "deal" with JJB no matter how many tops they sell.

Rangers need a full stadium every week just to pay the bills.

Rangers have to BUY their own youth players from their own youth academy

I think that there are more problems than offering a derisory amount for Naismith and getting it rejected.


What with MIH debt now at circa 750m with circa 500m to be repaid in the next two years and "The prudent black horse" taking over Bank of Scotland (Someone should tell Sir "We don't know who's taking over" Dave) this is more likely to be called in than ever.

I hate to be the bearer of bad news but in his recent announcement that Rangers wage bill has to be slashed to 16m ( a figure that is around equal with Hearts and 41% of Celtic's) expect it to get worse, FAR worse.

David Murray and indirectly Rangers are paying for all the "for every fiver you spend, we'll spend a tenner" "We will bring in Vialli, Ronaldo - the best, the very best" jibes to everyone else.

If Rangers are to survive - and that's what it is survival, then expectation has to be lowered.

Remember the laughing by the Scottish Press at Fergus McCann and his "biscuit tin" "we can't spend more than we've got" attitude. Remember the laughing at the toaster being taken out of Pittodrie.

Well the boot is on the other foot now!

Keith Wyness and Fergus McCann were football visionaries and vilified by Murray's Media.

In the current climate where half of "the greatest league in the world" are technically insolvent and with Sky running out of money then the football bubble is going to burst BIGTIME

This is just the beginning.....
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