Rangers are Rocking; Scottys Financial insight inside.

[Guest faircity]

Ho ho ho. Santa has come early .

Merry Christmas everyone.

[Dalgety Bay TA]

Rangers fans loved Whyte when he came and took over with talk of war chests etc. Then he shafted them, proved to be a bit of a w@nker and there were anger in some parts as to why had the SFA let him take them over considering his dodgy past. Of course we can only imagine what the outcry would have been like if the SFA had blocked his, the only one on the table, takeover offer. Green was much the same, the new flavour of the month, he made some gobsh!te sabre rattling comments and then he shafted them and suddenly he wasn't one of the peepil anymore.

Now they have one person putting money into them who is a successful UK businessman, we all know how much money he has and where its come from. OK the SFA have at the moment stopped him adding additional funding but even what he has put in so far has many Rangers fans threatening to burn down their local Sports Direct stores. Which would actually be doing us all a favour to be honest.

On the other hand we have a Rangers fan who has lived in S Africa who is now offering to invest £16m. He has pled guilty in the past to 41 charges including tax evasion, fraud, money laundering, racketeering and stock exchange regulations evasion charges in S Africa and had another 281 charges subsequently dropped.

The question is - in what world can he possibly pass an SFA fit and proper persons test given that past??! Given that the SFA did feck up by allowing Whyte to be in charge without proper investigation I can't see any way where King gets a foothold in Rangers if the SFA do their job correctly. Which would, IMO, just end up with comments like the pic above x 1000 from ra peepil who would see it as the ShFA trying to shaft them. Again!

[Kenneth Farrington]

Rangers fans loved Whyte when he came and took over with talk of war chests etc. Then he shafted them, proved to be a bit of a w@nker and there were anger in some parts as to why had the SFA let him take them over considering his dodgy past. Of course we can only imagine what the outcry would have been like if the SFA had blocked his, the only one on the table, takeover offer. Green was much the same, the new flavour of the month, he made some gobsh!te sabre rattling comments and then he shafted them and suddenly he wasn't one of the peepil anymore.

Now they have one person putting money into them who is a successful UK businessman, we all know how much money he has and where its come from. OK the SFA have at the moment stopped him adding additional funding but even what he has put in so far has many Rangers fans threatening to burn down their local Sports Direct stores. Which would actually be doing us all a favour to be honest.

On the other hand we have a Rangers fan who has lived in S Africa who is now offering to invest £16m. He has pled guilty in the past to 41 charges including tax evasion, fraud, money laundering, racketeering and stock exchange regulations evasion charges in S Africa and had another 281 charges subsequently dropped.

The question is - in what world can he possibly pass an SFA fit and proper persons test given that past??! Given that the SFA did feck up by allowing Whyte to be in charge without proper investigation I can't see any way where King gets a foothold in Rangers if the SFA do their job correctly. Which would, IMO, just end up with comments like the pic above x 1000 from ra peepil who would see it as the ShFA trying to shaft them. Again!

Could be wrong, but it looks like the SFA want a "normal" Rangers run by Rangers men & not this absolute circus.

If the Lying King gets wheeled out yet again, you can bet your bottom dollar he won't be turned away.

I suspect that's where all this is heading now, but I just hope it's messy, drawn out & via admin / liquidation.

[Squirrelhumper]

Rangers fans loved Whyte when he came and took over with talk of war chests etc. Then he shafted them, proved to be a bit of a w@nker and there were anger in some parts as to why had the SFA let him take them over considering his dodgy past. Of course we can only imagine what the outcry would have been like if the SFA had blocked his, the only one on the table, takeover offer. Green was much the same, the new flavour of the month, he made some gobsh!te sabre rattling comments and then he shafted them and suddenly he wasn't one of the peepil anymore.

Now they have one person putting money into them who is a successful UK businessman, we all know how much money he has and where its come from. OK the SFA have at the moment stopped him adding additional funding but even what he has put in so far has many Rangers fans threatening to burn down their local Sports Direct stores. Which would actually be doing us all a favour to be honest.

On the other hand we have a Rangers fan who has lived in S Africa who is now offering to invest £16m. He has pled guilty in the past to 41 charges including tax evasion, fraud, money laundering, racketeering and stock exchange regulations evasion charges in S Africa and had another 281 charges subsequently dropped.

The question is - in what world can he possibly pass an SFA fit and proper persons test given that past??! Given that the SFA did feck up by allowing Whyte to be in charge without proper investigation I can't see any way where King gets a foothold in Rangers if the SFA do their job correctly. Which would, IMO, just end up with comments like the pic above x 1000 from ra peepil who would see it as the ShFA trying to shaft them. Again!

Don't worry. The end game is playing out.

[Cove_Sheep]

I really can't decide if the SFA have killed them or saved them.

[EddardStark]

Jeezo,not much Christmas cheer in here tonight. Rangers fans have sent a clear message to this regime by not buying ST's. The AGM seems to have been a total PR disaster for this board.Personally I would rather fans took control. There are two groups with currently running schemes to secure shares. Its good to see the SFA doing their job. Next big moment is the 8m share issue. Lets see how that goes.You are getting hysterical guys. Chill out.

[Scunnered]

Deid yet?

[motherwell]

Deid yet?

If they go in to administration this time how many points do they have deducted ?

[Mark frae Crieff]

Is it not a UEFA ruling about owning 2 clubs in the one country? I know it's different league structures but technically we are the UK/GB... How perverse that the club that is quintessentially British could go breasts up because many of their support wanted to be "Better Together" ....

[Scotty CTA]

If they go in to administration this time how many points do they have deducted ?

My vote would be 15 points (being a new club) but the SFA are on record as saying 25 points (for a second administration).

[thplinth]

It would be a second Administration if RFC 1899 had gone into administration and then come out of it. They did not and are instead facing liquidation. RFC 2012 is a new legal entity, so it cannot be facing a second administration. Instead it was a liquidation of RFC 1899 (i.e. total wipe out) followed now by an Administration of the brand new and recently pristine RFC 2012. So that is far worse. 25 points is letting them off lightly yet again by the SFA. They should have been on probation after getting fast tracked into the bottom tier with their record. Repeat offender showing no signs of changing their ways...

[ShedTA]

I think rangers will always be there but this entity looks f@cked to me. "Mad" phil as they call him has already described the possibility of this rangers entity folding but a new one springing up through a buyout/ takeover of another club. We shall see. There are too many with a vested interest to see the beast disappear for good. Where else would they sing their seasonal carols?

[Debian]

It would be a second Administration if RFC 1899 had gone into administration and then come out of it. They did not and are instead facing liquidation. RFC 2012 is a new legal entity, so it cannot be facing a second administration. Instead it was a liquidation of RFC 1899 (i.e. total wipe out) followed now by an Administration of the brand new and recently pristine RFC 2012. So that is far worse. 25 points is letting them off lightly yet again by the SFA. They should have been on probation after getting fast tracked into the bottom tier with their record. Repeat offender showing no signs of changing their ways...

Raging bitter idiot

[tartandon]

quick question - has Bomber seen the deeds yet?

[Debian]

quick question - has Bomber seen the deeds yet?

Bombers an idiot. I only realised when he stood up and made a tube of himself on Monday he was 5 seats along from me

[tartandon]

Bombers an idiot. I only realised when he stood up and made a tube of himself on Monday he was 5 seats along from me

what was he saying this time?

[Parklife]

what was he saying this time?

I'll guess at "who put me 5 seats along from this idiot fae Stranraer?"

[Debian]

I'll guess at "who put me 5 seats along from this idiot fae Stranraer?"

Ah it's Xmas eve. I thought you'd be waiting in the stable with the other sheep waiting for the 3 wise men.

[Parklife]

Ah it's Xmas eve. I thought you'd be waiting in the stable with the other sheep waiting for the 3 wise men.

Lighten up

[Debian]

Lighten up

That was ma festive joke hunni

[flynnyboy]

The same thing with Ashley happened with thistle in the 80s. Ken bates who owned chelsea took a financial interest in the jags. It went unchallenged for a while before thistle started to "profit" from it with Derek Johnstone getting appointed player manager and guys like billy Dodds coming up from chelsea on loan.

The steedmans of Clydebank complained to the SFA, jack steedman I believe also sat on the SFA board, and it was brought to an end with bates having to renege his interest.

Thems the rules of the league Rangers were allowed to re-enter, if you don't like them, nae luck.

If Rangers, or Ashley challenge the ruling they could face the wrath of eufa who support member associations massively and hammer those who legally challenge individual association's polices

[tartandon]

I'm still confused by Ashley's involvement.

Apart from getting big pay cheques for his pals, he's got the merchandising deal. But the merchandising is small potatoes compared to the money he rakes in from Newcastle.

The money from the English tv deal dwarfs any money he could ever make from Rangers. So what is the motivation?

[EddardStark]

Decent post from a Rangers fan on what might happen in the next few weeks.

"We wont just slide into administration.

Ashley will continue with these loans, securing assests as he does.

My thoughts are that he saw how we all stupidly danced to Charles Green's, and to an extent Craig Whyte's tunes and thought that the same would happen again. What he didn't expect was that the fans would have had enough and the numbers of those attending would dwindle, along with the amount of merchandise being purchased.

He is trying to secure as much as RFC as possible, the best way for him to do this is by increasing his shareholding.

That has failed so it will now be loans (mortgages really) against the assests of the club, like what he did before.

I believe his end game originally was to make as much money out of merchandise whilst starving the club of the money. He thought, and it is quite a reasonable thought, that all Rangers fans would be too stupid or blindly loyal to see what he was doing and saw an easy buck. None of this "expand Sports Direct" - he wanted to make money from Rangers fans.

His plan hasn't worked so now he is on a mission to make whatever money he can. I believe he plans to do this by securing as much of Rangers as he can, and when Rangers can not afford to repay his loans, administration will be inevitable, unless someone is willing to pay off the loans - don't see that happening as it wont help the situation. Again, we're slightly wiser than before and I don't see the powers at be allowing the board to bring in their own administrators again. That was a huge mistake last time and in hind sight I cannot see how it was allowed to happen. Ashley, with large debts owed to him, will become the main creditor throughout administration, and if a CVA is agreed it will be upto him to agree it. He gets some money, he hopefully then s off. If the company is liquidated, he still owns the assests, and as before, he is bound to accept the best offer for them when someone else takes over. That or he wants to cling on to the assets and rent them back to us - but by doing that he is risking us going elsewhere - new training ground, stadium, who knows. It will be a case of starving him of cash again, eventually he would have to sell up.


The less money that goes to them now, the quicker this will happen.

Where we have to be careful is if and when someone comes in to buy the club. There is likely to be a lot more people interested this time around as there is no big tax case looming, and we as fans have a duty to see that no more wigs or Wigs get in. If it means blocking roads to stop them getting to meetings then so fecking be it!! It's hopefully less likely now without the big tax case - we weren't buyable"

[EddardStark]

I'm still confused by Ashley's involvement.

Apart from getting big pay cheques for his pals, he's got the merchandising deal. But the merchandising is small potatoes compared to the money he rakes in from Newcastle.

The money from the English tv deal dwarfs any money he could ever make from Rangers. So what is the motivation?

its could be a relatively low investment to eventually expose his brand to CL football.

[EddardStark]

Another interesting report in on the BBC, especially this bit.

"When RIFC held an open offer to existing shareholders last September, another associate of Ashley - Stephen Mucklow - was set to underwrite it. A draft RNS statement to the Stock Exchange was prepared to that effect, only for the underwriting offer to be withdrawn less than a week before the open offer.

On the day of the offer, Ashley also announced that he would not participate in the fundraising, which Rangers required for working capital. The offer raised a little over £3m.

Ashley subsequently spent around £400,000 acquiring Hargreave Hale's stake in RIFC."

http://www.bbc.co.uk/sport/0/football/30571648