It gets pretty boring that nearly every thread that is started in the Rangers section turns into Rangers finances. Im not denying that we have problems or could have regarding the debt, tax case, 2 faced Bain etc, so hopefully all talk regarding Rangers finances ( Tax case, debt, Bain, Murray, Lack of transfer funds ) can be kept in this thread. I know its a big talking point for some in Scottish football, so stick it in here guys
Not really needed m8. For a start if you look through the Rangers threads hardly any of them have turned into talk of Rangers finances so i don't know where you get that. There is a thread in the Scottish Football section 'Rangers in Crisis' for when any news comes out on this topic. In the thread where it's been mentioned 'Rangers fans dilema' it has a big relevance to what was being discussed, i,e the 10 point deduction. I understand some would rather shy away from it but if it's relevant to whats being discussed then it will be mentioned. Just like any other topic is.
We either win the case, one way or another. Or we lose it, even after an appeal, and owe a shedload of money. In which case administration is an obvious course of action, but maybe not quite as definite as some would hope. I suspect that, dependent upon any sum owed, you could see people like King and so forth come forwards. But if they don't, and if there is no other recourse, RFC would probably have to go into administration. 10 points penalty. Depending upon the state of the league and who is in second place, that might not be so bad. But even if it was, it would simply mean the loss of the title and no European football. Or, effectively, the loss of the title (since we're getting used to certain seasons without Euro footie). RFC might have to sell some players to get some cash in. Other players might simply want away from a club in that state. Players with high wages might have to be moved on. Auchenhowie would be the prime candidate to be sold for development. Ibrox ? -- its listed status precludes much of what could be done with it. tbh, it would hardly be the end of the world for the club. In reality, a year (probably two) in rebuilding the squad, along with very little in the way of silverware. Worst case scenario is of course the end of the club, but I sincerely doubt that is a realistic result. I don't think I've painted the above in either a good or bad light -- simply realistic. However, fans from all sides will hope their hopes and dream their dreams, of survival or extinction. Until the case is decided it's all supposition and guesswork, from us all.
You also have to factor in that (from your perspective) we have the best board you could possibly wish for. There is not a hope in hell that we will go a long way to seeing you off as competitors for a fair few years. Even if the worst comes to the worst, our total ineptitude will see you all right.
Fair enough you are entitled to your opinion of our board but when it comes to the situation Rangers face due to their owners/board there really is no comparison. . . . .These people have put their very existence on the line.
We can all look at certain situations, weigh up the evidence and make our own opinions on things such as new signings and who will win the league etc. . . So with that in mind, do the Rangers fans on here (or anyone else) think Rangers will go into recievership, administration or insolvency. Or do they think they'll ride the storm and come out the other side unscathed?
In all honesty i think the likes of Dave King and the others who were interested in buying the club may come forward and end up owning the club. I dont think Whyte is a long term solution to our club i think that he will do the same thing he does with every company he has owned, come in when they are struggling and steady the ship and sell them on for a profit. This is my own opinion it may not be a great profit but i think this will indeed happen. Also re the tax case i am not too sure but i feel that there could be some agreement with the HMRC whereby we meet in the middle of an acceptable sum of money whereby murray park and the surrounding are maybe sold to a property investor to repay this debt. Also Ibrox might be renamed and called something else I.E the etihad arena, Emirates etc, obviously not on the same scale of money but i feel this may be a possibilty. Like Craig Whyte or not i do think he will steady the ship.
Funny thing is though, a couple of more defeats for Celtic and Rangers would be able to go into administration and still be top of the league....
There is no comparison but i also think pvm is bang on with what he says about us having a board who will continually let Rangers off the hook.
Do you think the 'steadying of the ship' will involve administration, recievership etc?. . . . . . .Or do you think Whytes business acumen will see him trade his way out of the current situation? The hook they are dangling off right now doesn't belong to the Celtic board m8.
I really dont know mate, i dont think it will go as far as that, i can see him looking for more investment from other parties who were interested in the club because i dont think he would have agreed to take on our debt an make the improvements he has to the squad stadium etc if he was then willing to let the club go down the tubes.
Who were the other parties? I've saw a couple of people mentioning Dave King,. . .where was he when Whyte bought the club? Also do they get on now and do they have funds to service a debt, a £10m black hole and a potential tax bill before putting money into the club? Also what impprovements have been done to the stadium? I believe it's a sprucing up of the concourses? . . . Whyte mortgaged off the catering money a couple of months ago so Rangers no longer have that coming in. I think it's definitely part of his plan m8 but as you say no one can say for sure and at this point no one can be right or wrong.
That's because the celtic board, aren't willing to invest in the team like they did 10ys ago. season ticket prices will go up. but the quality of player at celtic has declined. The celtic board missed an oppertunity to give gordon strachan money in the january window in his last season, and all we ended up with was wilo flood when we needed a striker, and we lost the league to rangers.
It's also because the HMRC and other creditors are dangling the hook Hearing Craig Whyte is considering legal action regarding an upcoming BBC documentary (20/10/2011) which looks into his shady business past... .. Surely the BBC haven't finally done their job and are going to investigate his past to find out the stuff that some have known for a while? I wonder why Whyte would not want his past looked into. . . . . .
I know he has a history of liquidating company's, taking them into administration etc. . . . More importantly as a Rangers fan, what do you know about his business history and why do you think he wouldn't want his background to be looked into?
Ex Rangers Finance Director Donald Macintyre today went to court and is set to sue Rangers for constructive dismissal. He is trying to freeze £300,000 of Rangers cash due to insolvency fears. The hearing will be heard next week.
