240 replies to this topic

[Christmas Tree]

http://www1.skysport...-administration


Rangers are to go into administration after lodging the notice in Edinburgh at Monday lunchtime.

It is understood Gers have five days in which to formally declare administrators have taken over the running of the club.

The Scottish Premier League champions are facing an uncertain future as they await the verdict of a tax tribunal.

The famous Ibrox club could face a bill in the region of £49million should they lose their dispute with HM Revenue & Customs (HMRC).

The club's financial problems are well documented following the decision to sell star striker Nikica Jelavic to Everton in January.

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Gers have now shown their hand after lodging an intention to go into administration with the Court of Session.


A Scottish Premier League spokesman confirmed a 10-point deduction and a transfer embargo would only be put in place when administration was confirmed.

The spokesman said: "At this point in time Rangers are not in administration and we await developments.

"The instant that they are technically in administration there will be an automatic 10-point deduction and, perhaps of less relevance, an embargo on player registrations.

"If administration is confirmed, as we have done previously, we would be looking to work with the administrators and would be looking for a very early meeting."

Edited by Christmas Tree , 13 February 2012 - 06:40 PM.

[Billy Whitehurst]

Amd Scottish football becomes even less competitive. At least someone else might finish 2nd next season.

[@yourservice]

I'm soo happy we have big Mike looking after us. Ahead of his time tbh.

[Kitman]

I just hope this means we won't be swooping in for some "bargains" at the end of the season.

[Jonny2J]

Kitman, on 13 February 2012 - 08:06 PM, said:

I just hope this means we won't be swooping in for some "bargains" at the end of the season.

Would be if Souness was still our manager.

[DEADMAN]

so will rangers get saved thats the question eh

[Kitman]

Yes, another Boumsong would do nicely........

[Kitman]

DEADMAN, on 13 February 2012 - 08:12 PM, said:

so will rangers get saved thats the question eh

yes Deadman, the administration is just a convenient way to sack lots of people and walk away from their debts.

[DEADMAN]

oh god no not another idiot like him

[ULSTER MAG]

Now a one team league for the foreseeable future. Wonder how many of my die hard mates will travel over to see a bunch of kids playing next season

[manc-mag]

Hope Celtic go the same way tbh.

[DEADMAN]

doubt it but outs possible manc

[Kevin S. Assilleekunt]

Be interesting to see how the rate of domestic violence would be affected by Rangers shutting down.

[ChezGiven]

Remember folks, clubs don't go bust.

[Kitman]

ChezGiven, on 13 February 2012 - 11:31 PM, said:

Remember folks, clubs don't go bust.

I wonder if there's a Scottish equivalent of Leazesmag fighting the good fight on a Rangers' forum somewhere

Edited by Kitman, 13 February 2012 - 11:34 PM.

[toon_don]

A glorious day

[Kitman]

toon_don, on 14 February 2012 - 12:45 AM, said:

A glorious day

I have a Glaswegian colleague who supports Celtic.  I must say he's pretty chipper to day...

[Asprilla]

manc-mag, on 13 February 2012 - 09:28 PM, said:

Hope Celtic go the same way tbh.

Apparently they're run pretty carefully money wise.

[Kitman]

It sounds like they have lived beyond their means for years, so that the dry bumfucking by HMRC is the final straw.  Dunno whether they're hoping HMRC will back down and do a deal or whether they are in such deep shit that they've got no choice.

Edited by Kitman, 14 February 2012 - 02:00 AM.

[Dogmatix]

Kitman, on 14 February 2012 - 01:59 AM, said:

It sounds like they have lived beyond their means for years, so that the dry bumfucking by HMRC is the final straw.  Dunno whether they're hoping HMRC will back down and do a deal or whether they are in such deep shit that they've got no choice.

Im sure they are hoping for HMRC to back down. As things stand the tax man would get nothing after other creditors got their share.  I believe this is just a lever, to get the Tax man to settle for a much lower sum.