Guest gggg Posted February 14, 2012 Share Posted February 14, 2012 Whyte is the only secured creditor, HMRC will get nowt if they go into Administration as Whyte gets priority. But you'd need the company to be fully liquidated for that to happen surely? You can be certain HMRC won't sign any CVA. HMRC have filed for them to go into Admin now on their terms not Rangers terms. Craig Whyte's terms. Rangers would be better off with a court appointed administrator than one of Whyte's pals. As for CVA Leeds didn't get one but still carried on under a new business name. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted February 14, 2012 Share Posted February 14, 2012 Good stuff, detestable club. yep Link to post Share on other sites More sharing options...
Guest gggg Posted February 14, 2012 Share Posted February 14, 2012 Rangers given until 3.30pm to appoint administrators. If they do HMRC's application will no longer stand. Link to post Share on other sites More sharing options...
div-s- Posted February 14, 2012 Share Posted February 14, 2012 Written off. Tis the public limited way. Edit: Administrators will try and get as much out of any assets to pay creditors (HMRC being the priority), firstly. Are the rules different in Scotland? In England "footballing" creditors are the priority and HMRC have to fight for the money with the rest of the normal creditors, it's why Portsmouth escaped liquidation since they were able to pay pennies in the pound for their major debts. Whyte is the only secured creditor, HMRC will get nowt if they go into Administration as Whyte gets priority. Will be hilarious if they go out of business and have to start in the Scottish lower leagues. Would be even funnier to watch the spl fall apart, especially when "they don't need Rangers" They don't, or Celtic either. Be a much better league of those two f***ed off, ask any other teams fan up there. They'll loose nearly all tv money, you think sky/espn will pay money for Inverness v Kilmarnock? What about the money teams get for the away fans from both teams which most of the time is bigger than the home support? The fact Dunfermline took 12 fans to a game at Kilmarnock is a joke. With Rangers or Celtic the Spl would be a joke It's a joke with them in it, the TV deal is worth a total of £13 Mill a year, bugger all. It's costs as much to Police the "away" fans from the Old Firm as it does generate revenue. No Huns/Tims and the league would find it's own level and at least be competitive. Crowds would rise tbh. Ask a fan of any club outside the "evil twins" and see what they say/think, they would LOVE them both to dissappear. To clubs like Inverness, St johnstone and a few others then the tv money that they get at the moment is alot to them. How would the crowds rise if the old firm leave? Why arent they fans out supporting their teams at the moment when they play other teams apart from the old firm? Having no Rangers/Celtic may mean the league being more competative but it means less money all round. Link to post Share on other sites More sharing options...
Dave Posted February 14, 2012 Share Posted February 14, 2012 So what does this actually mean? The creditors get a miniscule amount of money and then someone else like Craig Whyte's wife just starts up 'Rangers Investments' or some other similarly named company and everyone carries on as normal? Link to post Share on other sites More sharing options...
Dave Posted February 14, 2012 Share Posted February 14, 2012 Btw if Man United went into administration they'd only be 3rd too. Link to post Share on other sites More sharing options...
Toonpack Posted February 14, 2012 Share Posted February 14, 2012 Written off. Tis the public limited way. Edit: Administrators will try and get as much out of any assets to pay creditors (HMRC being the priority), firstly. Are the rules different in Scotland? In England "footballing" creditors are the priority and HMRC have to fight for the money with the rest of the normal creditors, it's why Portsmouth escaped liquidation since they were able to pay pennies in the pound for their major debts. Whyte is the only secured creditor, HMRC will get nowt if they go into Administration as Whyte gets priority. Will be hilarious if they go out of business and have to start in the Scottish lower leagues. Would be even funnier to watch the spl fall apart, especially when "they don't need Rangers" They don't, or Celtic either. Be a much better league of those two f***ed off, ask any other teams fan up there. They'll loose nearly all tv money, you think sky/espn will pay money for Inverness v Kilmarnock? What about the money teams get for the away fans from both teams which most of the time is bigger than the home support? The fact Dunfermline took 12 fans to a game at Kilmarnock is a joke. With Rangers or Celtic the Spl would be a joke It's a joke with them in it, the TV deal is worth a total of £13 Mill a year, bugger all. It's costs as much to Police the "away" fans from the Old Firm as it does generate revenue. No Huns/Tims and the league would find it's own level and at least be competitive. Crowds would rise tbh. Ask a fan of any club outside the "evil twins" and see what they say/think, they would LOVE them both to dissappear. To clubs like Inverness, St johnstone and a few others then the tv money that they get at the moment is alot to them. How would the crowds rise if the old firm leave? Why arent they fans out supporting their teams at the moment when they play other teams apart from the old firm? Having no Rangers/Celtic may mean the league being more competative but it means less money all round. All the clubs would basically have a level playing field and they'd cut their cloth accordingly, less money would mean less foreign imports which would give local talent (such as it is) a chance. In 2002 (ish) all the other SPL teams chairmen voted to leave the league due to plans for disproportionate revenue sharing from TV (such as it is/was) the SPL bottled it. You ask why aren't fans supporting their teams now, I'd suggest, what is the point. The league would suffer short term but longer term it'd be so much better off it's untrue. Link to post Share on other sites More sharing options...
Guest H09 Posted February 14, 2012 Share Posted February 14, 2012 People didn't flock in when Kilmarnock or Dundee United won the league in the past and they won't in the future. Link to post Share on other sites More sharing options...
Toonpack Posted February 14, 2012 Share Posted February 14, 2012 People didn't flock in when Kilmarnock or Dundee United won the league in the past and they won't in the future. The 60's and the 80's FFS Kilmarnock got 15K in in the 90's (non O/F game) btw, but no-one's talking about "flocking in". The disparity to the old firm is ridiculous. They both have an over inflated perception of their importance within Scotland, ask any fan of any other club if they'd like them both gone or not (or any Chairman for that matter). Link to post Share on other sites More sharing options...
TaylorJ_01 Posted February 14, 2012 Share Posted February 14, 2012 Some of my mates are ready to top themselves. It's ridiculous that this has happened to a club with 40-50k fans each week, a global following (mostly from ex-pats granted), sponsorship, TV money, cup money, occassional champ league/uefa cup money. Madness. Gutted. Absolutely gutted. Link to post Share on other sites More sharing options...
leffe186 Posted February 14, 2012 Share Posted February 14, 2012 What happens to Ibrox? Link to post Share on other sites More sharing options...
TaylorJ_01 Posted February 14, 2012 Share Posted February 14, 2012 What happens to Ibrox? Dread to think. Probably more scum housing. Link to post Share on other sites More sharing options...
JH Posted February 14, 2012 Share Posted February 14, 2012 Btw if Man United went into administration they'd only be 3rd too. If we went into administration, we'd be below the Mackems. http://media.hof.wemakemedia.co.uk/cache/8594_display.jpg Link to post Share on other sites More sharing options...
wormy Posted February 14, 2012 Share Posted February 14, 2012 Link to post Share on other sites More sharing options...
Dokko Posted February 14, 2012 Share Posted February 14, 2012 Makes you thankful for Ashley. If they completely go under then it would probably be in their best interest to apply for a place in the bottom of the English leagues and work their way up. Celtic would be gutted. Link to post Share on other sites More sharing options...
midds Posted February 14, 2012 Share Posted February 14, 2012 If they've gained an unfair advantage on the rest of the league by not paying the bills then it's hard to have any sympathy for them. You've got to pay the day-to-day bills and if HMRC decide to make an example of them then they've got no-one to blame but themselves. Fuck them. Link to post Share on other sites More sharing options...
JH Posted February 14, 2012 Share Posted February 14, 2012 What exactly has happened then? Link to post Share on other sites More sharing options...
54 Posted February 14, 2012 Share Posted February 14, 2012 The SPL is just a joke, with a 10 piont deduction they are 14 pionts behind Celtic but still 9 piont ahead of Motherwell. Link to post Share on other sites More sharing options...
TaylorJ_01 Posted February 14, 2012 Share Posted February 14, 2012 The SPL is just a joke, with a 10 piont deduction they are 14 pionts behind Celtic but still 9 piont ahead of Motherwell. Can see Motherwell catching them tbh Link to post Share on other sites More sharing options...
MW Posted February 14, 2012 Share Posted February 14, 2012 What exactly has happened then? rangers have run out of money, owe money and have gone into administration Link to post Share on other sites More sharing options...
LesPaul Posted February 14, 2012 Share Posted February 14, 2012 If they've gained an unfair advantage on the rest of the league by not paying the bills then it's hard to have any sympathy for them. You've got to pay the day-to-day bills and if HMRC decide to make an example of them then they've got no-one to blame but themselves. f*** them. Link to post Share on other sites More sharing options...
Matt Posted February 14, 2012 Share Posted February 14, 2012 Well worth reading up on Craig Whyte's interesting track record in business: http://scotslawthoughts.wordpress.com/ Link to post Share on other sites More sharing options...
Dave Posted February 14, 2012 Share Posted February 14, 2012 So what does this actually mean? The creditors get a miniscule amount of money and then someone else like Craig Whyte's wife just starts up 'Rangers Investments' or some other similarly named company and everyone carries on as normal? Anyone? I find it very hard to believe that the club will cease to exist. Link to post Share on other sites More sharing options...
Sifu Posted February 14, 2012 Share Posted February 14, 2012 So what does this actually mean? The creditors get a miniscule amount of money and then someone else like Craig Whyte's wife just starts up 'Rangers Investments' or some other similarly named company and everyone carries on as normal? Anyone? I find it very hard to believe that the club will cease to exist. Same here, I honestly think that a club of Rangers' stature will be able to find an investor to buy them. Though I guess it's really not that simple, we'll see. Can't see them going under unless the HMRC want to make an example out of them. Link to post Share on other sites More sharing options...
GM Posted February 14, 2012 Share Posted February 14, 2012 So ho much do they owe the taxman then? pure hunners Did anyone else appreciate this one? It's a cracker! Link to post Share on other sites More sharing options...
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