Rangers FC in crisis: A genuine Ulster Scots saga…

If the Ulster Scots Agency has any spare money they might think about giving it to Rangers Football club and quickly.

Recently the players took a 75% pay cut till the end of the season. The Administrators said it was that or the lights went out. The future for the club is bleak. Rangers could be liquidated as their debts are massive and unpayable. And the company will not be in a position to trade out of the situation.

The recent “offers” to buy the club are highly conditional  and based upon an entire series of obstacles being cleared out of the way by the Adminstrators.

While the flat pack culture for to give the Unionist Tradition an ersatz ethnic garish attracts mockery and derision there is a genuine connection to Scotland in the North that doesn’t attract any grant aid.

That is probably because it is authentic, working class and therefore has to be self-financing. Ibrox is Billy’s Barbican and there is no need for state assistance to convince a kid in Ballymoney to wear a Rangers shirt.

Nor is there any need for a government translation service. The lads on the Shankhill know everything there is to know about the Light Blues because it in genuinely their team. Now Scotland’s establishment club is about to be liquidated. That is the consensus among business analysts who have looked at the state of the finances.

In the interest of full disclosure I will not grieve at Rangers passing and some denizens of Planet Rangers think that I’ve been part of the problem that they now face. As visit to the Rangers supporter’s message boards will quickly establish that I am something of a bête verte for the Ibrox faithful.

Although Rangers was established by four young lads in 1872 the club became the over mighty subject of Scottish football largely because of the influence of the Lagan on the Clyde.

Rangers moved from being the local team for the folk of Govan to Scotland’s establishment club under the patronage of the Ulster Scottish bourgeoisie who made originally made their fortunes in Belfast. These hard faced shipyard owners were the Abramovichs of the Edwardian era for Rangers.

It was during this period immediately before the Great War that Rangers brought in the policy of not signing Catholic players.

This discriminatory policy proved to be a highly successful commercial strategy.

Now a century later Rangers face unpayable bills and the lights are about to go out.

As I write this a judge, Lord William Nimmo Smith, has reported to the SFA that the current owner of Rangers, Craig Whyte is “not a fit and proper person” to have a position in Scottish football.

He is now seen as someone who has used the supporters own money to buy the club, burden it with even more debt and then skip off with millions. The Main stream media in Scotland described Whyte as a “billionaire” with “wealth off the radar”, while the blogosphere remained sceptical and asked for evidence.

Others had their suspicions before the mainstream caught up.

There is now a full scale police investigation into the takeover deal when Mr Whyte bought the club for one pound and paid of the £18 million debt to Lloyds banking group.

However, Mr Whyte paid the bank with money from a deal that mortgaged the season ticket money, a fact he originally lied about.

However, Rangers’ problems are much earlier and have their origins in the business strategy of the previous owner.

Sir David Murray, who owned the club from 1988 until May last year was a creature of the credit boom. His Murray International Holdings company defaulted on loans Lloyds banking group and in a debt for equity swap lost control of his empire.

It is now alleged by a former Rangers director that Murray operated under the counter payments to players by way of second contracts in direct contravention of football rules.

Part of this saga is the disconnect between people taking major decisions and those whose entire lives revolves around the fortunes of a football club.

Craig Whyte stated to a meeting of the Rangers Supporters Assembly earlier this year that if the club established in 1873 were to die it “wouldn’t be the end of the world”, well Mr Whyte it would be the end of THEIR world!

In Britain the public pronouncements from Alex Salmond, David Cameron and various media commentators in Scotland have, in a sense, failed to grasp the emotional impact of the passing of Rangers.

There is a class issue here and the emotional frequencies are not quite in sync. As a Celtic supporter from a working class background I immediately saw what Craig Whyte did not. If Rangers go into liquidation then there will be a break with their history.

The “NewCo” will have no claim to past honours. There is also likely to be a legal wrangle over who owns the asset of Ibrox stadium. There is every likelihood that a RFC New Co may not have Ibrox to play at next season.

When I was discussing this piece with Mick he made the perceptive observation that Scotland carries far greater cultural weight in Northern Ireland than vice versa.

This is evidenced by the fact that there hasn’t been a single reference in the Scottish reportage regarding the impact of the current crisis on Rangers’ Ulster fans.

If the weekly traveling to Ibrox becomes a thing of the past then I believe that their absence from everyday interactions in large numbers could have subtle, yet important, consequences on the country that underpins their sense of Britishness.

I have yet to hear any Scottish commentator ask what the impact will be, as Scotland heads into the massive independence conversation, if there are less authentic voices in Glasgow who love the Union and the connection.

As Ulster people with Scottish heritage are about to lose an important strand in their connection to Britain Scotland is considering breaking the bond.

  • Canisp

    Yawn. Not content with 9 out of the last 10 entries on your own blog being about Rangers, you’ve decided to try to dirty up over here? Christ, even the nutjobs on CelticMinded and KerrydaleStreet are sick of your monomania.

  • leebowers999

    Another concise and insightful piece Phil.Dont let the haters on both sides get you down.HAILHAIL.

  • ranger1640

    Phil where do you stand in the ongoing investigation into Celtic FC’s majority shareholder Dermot Desmond???

    http://www.irishtimes.com/newspaper/ireland/2012/0218/1224311978242.html

    “Desmond has been a controversial figure in the worlds of business and politics, and has featured in two of the major business and political controversies of the past two decades.

    In October 1991, a company law inspector, solicitor John Glackin, was appointed to investigate certain complicated dealings involving Desmond and the purchase and sale of the former Johnston Mooney and O’Brien site in Ballsbridge, Dublin.

    Although Desmond had represented himself as an intermediary in the sale, Glackin’s report said Desmond and Limerick businessman JP McManus were the major beneficiaries of the sale. The site was sold for £9.4 million to State-owned Telecom Éireann, twice the price that was paid for it one year earlier. Desmond disputed Glackin’s findings.

    One of the companies involved, Freezone, had an account with the TSB on Grafton Street, and it was disclosed that Desmond had at one stage withdrawn £500,000 in cash from the account, which he said he held in a tennis holdall”.

    http://www.irishtimes.com/newspaper/ireland/2011/0323/1224292846891.html

    Now there’s a story we won’t find on your web site.

  • crankin

    yawn

    phil the anti rangers stuff is wearing thin

  • Charlie Sheens PR guru

    ranger1640,

    Congratulations, you’ve opened up a whole new front of “whataboutery” by yourself. Well done.

  • ranger1640

    Charlie Sheen, you want whataboutery???

    Philmacgiollabhain blog is hardly a doyen of even handedness. So not satisfied to talk to his converted, he then decides its a good idea to come on here to troll. If he is not afraid of the truth let him tell the story on Celtic’s majority shareholder.

    You could build a causeway to Ibrox from Belfast, with the articles full of wishful thinking about the demise of Rangers FC.

    http://www.philmacgiollabhain.ie

  • Mick Fealty
  • Charlie Sheens PR guru

    That may well be true, but if you read any of his entries, it appears that you are filling the idendikit description of rangers fans that he describes who decide to shoot the messenger rather than deal with it. Look where that has got you.

    I doubt Phil personally has Rangers well-being at heart but don’t you think he did you a favour? The crude anti-rangers thing to do would be to hush up and let everything go on until it exploded in your face one day. At least you’ve had a few months to brace for this.

    All the accruers of ‘succulent lamb’ in the mainstream media did as they were told with “Moonbeams” Murray and “Billionaire” Whyte and that worked out well didn’t it?

    I really think the anger is a bit misplaced ranger1640. You should direct it at Jim Traynor and Co. if anyone.

    Look at the anti-BBC backlash that came about as a result of their investigation into Whyte’s businesses. Again totally missing the point.

    I actually feel a bit sorry for the rangers fans as they have been used, abused and taken absolutely for granted. But its only after you’ve lost everything that you’re free to do anything. And maybe rangers fans will get their day in the sun when all this is over.

  • Charlie Sheens PR guru

    Apologies if it is me who is perceived as playing the man. I just saw a blatant going off topic post and responded in one line.

    happy to hold my hand up though if in crossed a line.

    I’m sure ranger got the jist of my post but if not then my apologies.

  • ranger1640

    Mick, cap doffed in respect.

    However is it not reasonable to let readers and posters know if a contributor here has an agenda?

  • Willhelm

    Mick, wouldn’t it be a good idea to inform your readership, if someone like Phillip the Obsessive is writing an article with an agenda? After all, this man spends his entire life talking about a club, he so obviously hates, is jealous of and has an agenda against.

    Personally, I take it as a compliment, this man from a foreign nation, spends so much time obsessing about the champions of Scotland. However, many of your readers will be unaware of Phillip’s IRA supporting background, as a founder member of the TAL website and a man who was removed from the SNP for his extremist views.

    If you must allow people to write about our football club and supporters, at least let the readers know a little background on the person doing so.

  • Greenflag

    Just default and start again . If nobody wants to bail them out just start again . All those fans could surely put up a thousand quid each to get the ball rolling -no pun intended -Make it a cooperative people’s venture and issue shares to bona fide supporters with the promise of future dividends when the club becomes profitable again ?

    Could be an example to all the UK teams who now seem to be owned by every nation on Earth bar the Brits themselves .

  • DC

    Nor is there any need for a government translation service. The lads on the Shankhill

    Dunno about a translation service, but I do know you spelt Shankill wrong.

    Anyway, there are too many dark clouds over this blog post.

    I myself live in hope – the courts will see the light and tell the HMRC where to go and that they got it wrong.

    When I was discussing this piece with Mick he made the perceptive observation that Scotland carries far greater cultural weight in Northern Ireland than vice versa.

    It’s a moot point that, there will be those that wear Rangers shirts but also wear an England one at that, whether or not it has any hard socio-political impact on NI is another thing entirely.

    My view for instance on Scotland gaining independence is that it will not really impact on NI as Scottish issues are not really in the conscience of people in NI, our little issues and outlooks are very very local. I’ve never really heard anyone I know chip in and mention scotland as a reference point, a leading light to follow. Certainly NI folk are v aware of scottish culture and of course football, but does that really affect the way of life and outlook of those living in NI?

  • lamhdearg2

    I am a bluenose, and i am with greenflag on this, start from scratch or spend the next 20 years paying of whats owed, unless rockafella buys the club, i say start again. Kudos to the wee blues (Linfield) who are going to help Rangers finish the season by donating the proceeds of a upcoming game between the sides.

    Now, how about a debate on how the collapse of Rangers caused in part by H.M. tax man (thats how some will see it) could/may/will affect the Scotish indpendence debate.

    ps, phil mac stop praying!.

  • Mick Fealty

    No. Just set about whatever weaknesses you see in his arguments. For instance I don’t agree that the fans are tied to the company. This may be Rangers chance to redefine and take back the club!

  • iluvni

    Do these threads come out when the overall comment numbers on the site have taken a bit of a tumble?

  • lamhdearg2

    “This is evidenced by the fact that there hasn’t been a single reference in the Scottish reportage regarding the impact of the current crisis on Rangers’ Ulster fans.”

    Read listened and watched it all?.

  • Johnny Smith

    Pat Lafferty a Catholic Rangers player in the year 1886, that’s 2 whole years before Celtic’s formation. Who brought religion into Football ?

    No point in letting facts get in the way of a good conspiracy eh ?

  • Johnny Smith

    Archie ‘Punch’ Kyle 1904 – 1908
    Willie Kivlichan 1906 – 1907
    Colin Mainds 1906 – 1907
    Tom Murray 1907 – 1908
    Pat Lafferty 1886 (before Celtic existed)
    Tom Dunbar 1891 – 1892
    J Tutty 1899 – 1900
    William Brown 1912
    Joe Donnachie c.1914 – 1918
    John Jackson 1917
    Laurie Blyth 1951 – 1952
    Don Kichenbrand 1955 – 1956
    Hugh O’Neill 1976
    John Spencer 1984

    I make that fourteen Catholic Rangers players before Mo Johnston signed.

    Still, why let the truth get in the way of a good old myth.

  • Turgon

    To reference Mick’s point about the content. I have no interest in football but this post is problematic to say the least.

    Firstly it is poorly proof read to the extent that at times it becomes difficult to establish what is being claimed.

    The idea of the”Ulster Scottish bourgeoisie” owning Rangers a century ago is somewhat non sensical and irrelevant to the issue at hand. The bourgeoisie is usally taken as the middle classes yet the group the author appears to be castigating are one richer than the bourgeoisie. Furthermore claims about whoever was relevant in Rangers one hundred years ago and their relevance to now are unlikely to be valid. However, these “bourgeoisie” have to be invoked as evidence in favour of the extremely tenuous link to the claimed realities of Ulster politics. There is no real relevance to politics but rather there are tribal allegiances which parallel but do not really affect politics.

    As mentioned above the demise and possible reformation of Rangers is unlikely to affect Ulster people much. It may well not even affect Rangers fans that much: the claim of a new Rangers not being the real Rangers looks like a convinent claim for Celtic supporters. Certainly that effect is most unlikely to have any relevance to the Scottish independence result. This looks like a desperate attempt to add two and two and get 222 rather even than 22.

    The author’s claim that Ulster Rangers fans no longer travelling to Glasgow may affect the referendum presupposes both that they will do so and that the author’s belief is accurate. His research base for such claims might be interesting.

    So apart from inaccurate and irrelevant invocation of history; very tenuous attempts directly to link sport and actual political issues and poor proof reading the argument presented is fine.

  • DC

    Phil Mac’s post might be more relevant if all the potential negatives in it came to pass and Rangers – say – did fold and everything associated with it – the ground, that heritage – all went up in a puff of smoke, never ever to be seen again.

    But that is highly unlikely.

    The “NewCo” will have no claim to past honours. There is also likely to be a legal wrangle over who owns the asset of Ibrox stadium. There is every likelihood that a RFC New Co may not have Ibrox to play at next season.

    I can’t see Ibrox being taken over by a corporation and turned into an ASDA or a housing development. Why? Probably the same reason why no Scottish firms sought out Rangers to be its ‘Administrator’.

    From the BBC – http://www.bbc.co.uk/sport/0/football/17430072

    Not knowing the Scottish scene as instinctively as a local firm has had another effect that has been compounded by this being D&P’s first football administration: the intense interest in their every move has, at times, mangled the message.

    Knowing that they were perceived to be in the pocket of the club’s controversial owner Craig Whyte, Clark and Whitehouse have gone to great lengths to prove their independence.

    There is one other point worth making about D&P’s outsider status, however: no Scottish firms wanted the work because they feared for their windows.

    And that should tell you everything you need to know about which of the current administrations in British football will be the hardest to resolve successfully.

  • HeinzGuderian

    If rangers go up in smoke,celtic,and the whole SPL go up in smoke with them.

    No bad thing in my honest opinion. ;-)

  • PaulT

    Johnny I think you list and dates for catholic players actually pretty much adds to the bloggers point

    “It was during this period immediately before the Great War that Rangers brought in the policy of not signing Catholic players.”

    On another point Mick, Turgons post is pure ‘man playing’ mixed with trolling, considering his confusion between the terms Ulster and Northern Ireland, should we really be taking him seriously.

  • Mick Fealty

    Paul, what specifically?

  • Dec

    ‘Johnny I think you list and dates for catholic players actually pretty much adds to the bloggers point ‘

    Of the four post world war 1 players (seriously, four?), two were signed without Rangers realising they were catholic (Blyth and Kichenbrand) and O’Neill was a season long loan from MLS. Neither of the three were at Rangers for more than a year.Let’s face it, John Spencer’s nickname should have been ‘token’.

    “When I came here in 1964, we had no Catholics. Not just the playing staff, anywhere. There was no bit of paper, it was an unwritten rule. David Murray changed that and it moved on significantly in 1989 when Maurice Johnston signed. You cannot clear up 80 years of sectarianism in eight months, but we are a huge way down the road.”
    Sandy Jardine

  • http://www.vanguardbears.co.uk Willhelm

    Despite the best efforts of some, including the original poster, it looks as though Rangers will be settling a greatly reduced tax bill and a new owner for the club not far off.

    The likes of McGillivan and a sectarian cabal of Rangers haters, have only deepened the resolve of the Rangers support, to ensure we continue to dominate Scottish football for another 140 plus years.

    Change is blowing through the corridors of Ibrox, a steely resolve will be found and the people who tried to attack our great club will be remembered by our new owners and fans.

    You can be assured of one thing with regards to Rangers FC, we will bounce back and will remember.

  • Dec

    ‘Despite the best efforts of some, including the original poster, it looks as though Rangers will be settling a greatly reduced tax bill and a new owner for the club not far off.’

    Care to provide any evidence for the claim that ‘Rangers will be settling a greatly reduced tax bill’? You’d also do well to remember that it wasn’t a ‘sectarian cabal of Rangers haters’ that got Rangers in this mess in the first place.

  • http://www.vanguardbears.co.uk Willhelm

    I’m under no illusions about who got Rangers in a mess. David Murray is 99% to blame and I for one, have been against him for the best part of a decade.

    As for settling the tax bill, let’s just say, I heard from a good source, Rangers will be offered a deal to settle and will accept. When we do, be prepared for the Gers dominating the game for another 140 years and more.

    Regarding Phillip McGillivan, the original poster, please don’t get me wrong here. I actually feel sorry for the poor bloke. His life is consumed by Rangers and his perceived injustices etc. His fight with mental illness has well documented by the chap himself. So, probably best to take what he says with a pinch of salt.

  • PaulT

    Mick, Turgons deliberate narrow interpetation of “bourgeoisie” jumps out (esp as a list catholic players posted appears to support his point) which made me notice that having started with a fact regarding the bloggers ‘proof reading’ he then offered his own opinons as fact and therefore the bloggers as ‘inaccurate’

    He then closes by repeating the same fact to reinforce his spiking of the blog as also been fact.

    Its a simplistic style of journalism/spinning.

    So man playing insofar as he attacked the individuals blogging skills, grasp of English etc in order to imply his opinions were of a higher standard or of more importance.

  • pro veritate

    Now a century later Rangers face unpayable bills and the lights are about to go out.

    I would say the fact there are 4 confirmed bids for the club and a fifth in the wings suggest differently.

    Phil despite all your best efforts, deep down sadly you know there is no possibility of the lights going out at Rangers. Just like there is no chance of it happening to your beloved Celtic. The clubs are too big and too well supported for them simply to go bust.

    Rangers will return whether you like it or not. Deals will be done that benefit the taxpayer and the Scottish Economy that will allow Rangers to continue for another 140 years. Now i know that really sticks in your throat but c’est la vie Phil.

  • Dec

    ‘As for settling the tax bill, let’s just say, I heard from a good source ‘

    So the three tribunal judges who will alone decide how much money Rangers owe (and who may not have even written up their full findings of fact yet), are leaking the verdict to you or one of your mates? Let’s just say you’re talking bollocks, eh?

    ‘be prepared for the Gers dominating the game for another 140 years and more.’

    By spending £10 for every £5 Celtic spend?

  • http://www.vanguardbears.co.uk Willhelm

    Dec

    Relax old Bhoy, you’re getting all worked up about a club you don’t even support. Take a deep breath and count to ten, then repeat after me…..I must not obsess about Rangers.

    As for the gossip, you Rangers obsessed people take it as gospel, when the original poster and the RTC blog tell you something about tax. Yet, when a Rangers fan relates what he heard, it’s bollox. I get the feeling, you’re starting to worry your dream of a folding Rangers is flying out of the window and you know we’re coming to haunt you again.

    I should have also said, the people behind the RTC blog, better start covering their tracks very soon. I’m led to believe, a certain little birdie has been chirping away about who did what.

    I’m more than happy to debate with you about who has been the most successful Scottish club Dec. You know that would be a debate you just couldn’t win now.

    Heed my advice Dec, stop obsessing about the champions, it’s not good for your sanity. One only needs to look at Phil to see that.

  • CoisteBodhar

    That reads as though you are mocking a man who may or may not be mentally unwell. Are you?

  • jthree

    Alex Thomson has done some grown-up reporting and thinking

    http://blogs.channel4.com/alex-thomsons-view/

    Though doubtless he is in cahoots with Rangers Tax Case, has failed to investigate Dermot Desmond etc

  • http://www.vanguardbears.co.uk Willhelm

    Coiste

    I know this is difficult for you, but you must have missed my comments which sympathised. So, just for you, I shall repeat.

    I actually feel sorry for the poor bloke.

    Amazing how many people let their emotions get the better of them when discussing the finest football club in Scotland I suppose.

  • http://www.vanguardbears.co.uk Willhelm

    Sky News have confirmed that a 4th bid for RFC has been received and the administrators are waiting details on a 5th bid.

    Shouldn’t be too long, before the Rangers are on the road to victory again.

  • CoisteBodhar

    I enjoyed your comment saying you know it must be difficult for me… I have no interest in Scottish football but think it would be a shame if Rangers crumbled.

    It just reads like tongue in cheek mockery to me. Perhaps it’s just me, though.

  • http://www.vanguardbears.co.uk Willhelm

    It’s just you I suppose. Although, I do think he’s an obnoxious individual. However, he does suffer from a mental illness and with that I can sympathise. It could be the reason for Phillip’s irrational obsession with Rangers FC.

    Rangers will survive, you can put money on that. Our club means too much the majority of Scots and Ulster supporters, to let it go down the pan.

    We undoubtedly face tough times, but we will stand together and emerge a better and more successful club.

  • Dec

    ‘As for the gossip, you Rangers obsessed people take it as gospel, when the original poster and the RTC blog tell you something about tax. Yet, when a Rangers fan relates what he heard, it’s bollox. ‘

    Presumably because the commentary I favour relies on things like facts and evidence rather than wishful thinking with ‘I hear from a source’ style preambles.

    ‘I should have also said, the people behind the RTC blog, better start covering their tracks very soon. I’m led to believe, a certain little birdie has been chirping away about who did what.’

    Again with the innuendo. And what is RTC’s great crime in all this? Telling you what’s actually been happening at your club. Do you pine for the days when david Murray was promising ‘hover piches’?

    ‘Sky News have confirmed that a 4th bid for RFC has been received and the administrators are waiting details on a 5th bid.

    Shouldn’t be too long, before the Rangers are on the road to victory again.’

    Have Sky news confirmed that each of those bids is entirely dependent on the outcome of the tax case? But then, your mate knows the result up front. The three judges have told him. He should have passed that information on to the Blue Knights. They could have saved a lot of time by not inserting all those escape clauses in the bid.

  • http://www.vanguardbears.co.uk Willhelm

    Dec

    Relax old Bhoy. You really do need to chill out when you think of Scotland’s most successful football club. One thing in all this, which certainly cheers me no end is, when we emerge from this, we will haunt you even more than we have for the last century and more. I get the feeling you’re starting to see the dream disappear of Rangers being no more.

    RTC will find out very soon, if they’ve done anything wrong, you can be assured of that. a certain individual involved certainly believes they have and is extremely upset she may end up in the clink.

    Is it illegal to disclose tax information or not? If so, your friends better start thinking of their future. Once all the facts are gathered on who did what and who revealed what to whom, you can be assured, they will be exposed.

    The people involved are now known and soon, everyone can judge for themselves if they committed any offences.

  • sitarman

    Regarding the patronizing remarks about Ulster Scots; please don’t be so smug to think that Irish culture is so wonderful that it didn’t need a hand to get where it is today. De Valera made huge efforts pushing Irish culture onto an uninterested Irish public during the mid twentieth century. In fact the whole cultural & Gaelic ideology was bludgeoned into Ireland in much the same way as National Socialism was in Germany. Most of the Republic’s citizens found Irish culture awkward & embarrassing. They thought traditional dancing & music was outdated, unfashionable and performed only by country yokels, and there was very little interest in the language until it became mandatory. A lot of government time & money was spent redressing this to try and instil some sort of national identity free of the hated Saxon influence. It wasn’t really until a family of Irish migrants in America, the Clancy Brothers, had a few hits in the states in the early 60’s that the Irish were suitably star-struck enough to realise that there was worth in their own folk music. As for Rangers; well i don’t really follow Scottish football. The only team i’m interested in that was started by Orangemen / Ulster-Scots is the mighty Liverpool FC!

  • pro veritate

    No reply from Phil. And i had lots of other questions for you as well.
    No surprise mind you as you tend to dodge the hard questions preferring instead to ask them.
    No wonder your credibility is in pieces elsewhere especially among the Celtic support who see you as someone in need of professional help.

  • PaulT

    “I would say the fact there are 4 confirmed bids for the club and a fifth in the wings suggest differently.”

    eh…..no, it suggests several people have offically bid to buy the club. Was Rangers saved the last time it was bought?

    Are any of the bids of interest to the creditors?

    If you’re selling a house do confirmed bids that don’t match your expectations of any use?

    BTW, rumour has it that Danny Kennedy has withdrawn his bid because of Ticketus, what does that suggest to you?

    Also the Blue Knights have no money, their bid involves borrowing another £20m

    Other than that it seems to be the usual obscure overseas investors

  • lamhdearg2

    from the bbc sport site quoting a chairman of the 10 spl (not old firm) clubs “I think everyone knows that they [Rangers] will exist.”

  • PaulT

    “from the bbc sport site quoting a chairman of the 10 spl (not old firm) clubs “I think everyone knows that they [Rangers] will exist.””

    Would that be one of the managers who has just had a secret meeting to discuss watering down Rangers voting rights in the SPL.

    Kind words indeed

    http://www.bbc.co.uk/sport/0/football/17480035

  • Sean Og

    Things move fast on this story. BBC Scotland reporting that Rangers Administrators have lost the case against Ticketus.

  • PaulT

    Ticketus have over 30% of the debt, a CVA needs agreement from the holders of 75% of the debt, so Ticketus can veto any bid they are not apart off.

    So the bid has to offer HMRC a higher return than just selling the assets and to include Ticketus.

    I think Ticketus are just about to buy Rangers with the BKs’ fronting it.

    I think you can throw the confirmed bids in the bin

  • DC

    Mick

    Check out the link, I was right about the England top :)

    http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17561849

    Muirhead and McKenzie guilty of Neil Lennon parcel bomb plot