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Decky

by Decky
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Guest gggg

Guest gggg

Posted
Posted

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.

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div-s-

div-s-

Posted
Posted

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.

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Dave

Dave

Posted
Posted

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?

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Toonpack

Toonpack

Posted
Posted

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.

 

 

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Toonpack

Toonpack

Posted
Posted

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).

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TaylorJ_01

TaylorJ_01

Posted
Posted

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.

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JH

JH

Posted
Posted

Btw if Man United went into administration they'd only be 3rd too. :okay:

 

If we went into administration, we'd be below the Mackems.

 

http://media.hof.wemakemedia.co.uk/cache/8594_display.jpg

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Dokko

Dokko

Posted
Posted

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.

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midds

midds

Posted
Posted

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.

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LesPaul

LesPaul

Posted
Posted

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.

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Dave

Dave

Posted
Posted

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.

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Sifu

Sifu

Posted
Posted

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.

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