Samster Posted December 19, 2013 Share Posted December 19, 2013 (edited) Rangers to go into admin this season - after the next transfer window - to avoid the points penalty when they have to play us next year? I know this is a slight aside from the AGM chat but it's worth discussing. I've lost track of the points deduction for a 2nd insolvency event, is it a pro-rata number or a flat 25 points? I've heard it said (maybe somewhere on this very thread) that Rangers are trying to win the league by more than 25 points as they know admin2 is coming so even with a points deduction they still win the league and get promoted. Too far-fetched? Edited December 19, 2013 by Samster Link to comment Share on other sites More sharing options...
Fozzyonthefence Posted December 19, 2013 Share Posted December 19, 2013 I don't know if there's a specific rule for a 2nd insolvency but no doubt they'll argue that they're a new club after all if that happens! Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 http://news.stv.tv/west-central/257443-rangers-boardroom-battle-comes-to-a-head-at-annual-general-meeting/ I am going to put Wheres ra Munayyyy! as my ring tone Link to comment Share on other sites More sharing options...
Boris Posted December 19, 2013 Share Posted December 19, 2013 http://news.stv.tv/w...eneral-meeting/ I am going to put Wheres ra Munayyyy! as my ring tone "Can I get sam penny chers" as the text notification. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Well I hope I get a pair of brown brogues for xmas Link to comment Share on other sites More sharing options...
lost in space Posted December 19, 2013 Share Posted December 19, 2013 I know this is a slight aside from the AGM chat but it's worth discussing. I've lost track of the points deduction for a 2nd insolvency event, is it a pro-rata number or a flat 25 points? I've heard it said (maybe somewhere on this very thread) that Rangers are trying to win the league by more than 25 points as they know admin2 is coming so even with a points deduction they still win the league and get promoted. Too far-fetched? They could do this - but we all know how long it takes to come out of admin. If they do go into admin - they would probably still be in admin for the start of next season - which, I think means another points deduction - which would be nice!!!!!! Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Results are in Old board in, requisitioners not in, they got about 30% of the vote, pretty unanimous for apart from Stockbridge who got a vote of 65%, and even that shows its been a carve up. Link to comment Share on other sites More sharing options...
flecktimus Posted December 19, 2013 Share Posted December 19, 2013 Results are in Old board in, requisitioners not in, they got about 30% of the vote, pretty unanimous for apart from Stockbridge who got a vote of 65%, and even that shows its been a carve up. Will be interesting how the fans react to this. Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 Here's how the votes went - http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11812355 Link to comment Share on other sites More sharing options...
trotter Posted December 19, 2013 Share Posted December 19, 2013 Badly I suspect... Link to comment Share on other sites More sharing options...
Barney Rubble Posted December 19, 2013 Share Posted December 19, 2013 All 5 newco directors have been re-elected to the board. Arf arf .... Excellent , hope they get straight back down to the nitty gritty of asset stripping , karmas a bitch ya cheating hun ****s ! Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 Will be interesting how the fans react to this. Big revolt on the cards I think, cue John Brown on the steps arm in arm with Fat Sally, "Whars tha Deeds" "We want claroofacation". Will Dave King ride to the rescue with a suit case full of ready's? Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 Excellent , hope they get straight back down to the nitty gritty of asset stripping , karmas a bitch ya cheating hun ****s ! Just wow!!! You don't do irony do you? Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 92.3% voted to accept and receive the audited accounts which were never seen or discussed. Very trusting. Link to comment Share on other sites More sharing options...
Barney Rubble Posted December 19, 2013 Share Posted December 19, 2013 Just wow!!! You don't do irony do you? No ! but then i dont believe we cheated . Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 Where now for the Requisitioners, the baw's bust for them. Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 No ! but then i dont believe we cheated . I'm pretty sure the Rangers supporters would say the same thing. Link to comment Share on other sites More sharing options...
Barney Rubble Posted December 19, 2013 Share Posted December 19, 2013 I'm pretty sure the Rangers supporters would say the same thing. Your right they would , doesnt make them right ! Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 Your right they would , doesnt make them right ! Fair enough but the same could be said of your post #54071 Link to comment Share on other sites More sharing options...
Barney Rubble Posted December 19, 2013 Share Posted December 19, 2013 Fair enough but the same could be said of your post #54071 Werent they found guilty of some dodgy practices by some judge only to be told they never gained any advantage . We on the other hand ? Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 Werent they found guilty of some dodgy practices by some judge only to be told they never gained any advantage . We on the other hand ? I agree, they cheated and are paying the consequences for it now. That wasn't really my point though. Ask a supporter of any other team if we "cheated" Link to comment Share on other sites More sharing options...
Barney Rubble Posted December 19, 2013 Share Posted December 19, 2013 I agree, they cheated and are paying the consequences for it now. That wasn't really my point though. Ask a supporter of any other team if we "cheated" Your point is i can hardly bang on about about the cheating of another club because other teams fans think we cheated too ? Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 Your point is i can hardly bang on about about the cheating of another club because other teams fans think we cheated too ? Pretty much yes. Irony was probably the wrong word having just double checked it's definition. Link to comment Share on other sites More sharing options...
Barney Rubble Posted December 19, 2013 Share Posted December 19, 2013 (edited) Pretty much yes. Irony was probably the wrong word having just double checked it's definition. See your point but until we,re found guilty of any skullduggery then i reserve the right to cast aspersions about the dodgy hun ! Edited December 19, 2013 by marco vanbasten 1874 Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 (edited) The board did fail to get one of their resolutions passed, i.e. no. 10, relating to the disapplication of pre-emption rights. This resolution required a 75% vote in favour but only got 67.9%.. Resolution 9, which was passed, allowed the board to issue more shares, however resolution 10, was intended to allow the board to issue the shares without first offering them to existing shareholders. What does it mean? Probably that the Board can't be overly creative in offering a proportion of free or heavily discounted shares to any new Spiv mates. I see that the intention is to seek to have the resolution voted on once again once the full business review has been completed though.. Edited December 19, 2013 by Footballfirst Link to comment Share on other sites More sharing options...
niblick1874 Posted December 19, 2013 Share Posted December 19, 2013 The board did fail to get one of their resolutions passed, i.e. no. 10, relating to the disapplication of pre-emption rights. This resolution required a 75% vote in favour but only got 67.9%.. Resolution 9, which was passed, allowed the board to issue more shares, however resolution 10, was intended to allow the board to issue the shares without first offering them to existing shareholders. What does it mean? Probably that the Board can't be overly creative in offering a proportion of free or heavily discounted shares to any new Spiv mates. I see that the intention is to seek to have the resolution voted on once again once the full business review has been completed though.. I think that is a big stumbling block for the spives Link to comment Share on other sites More sharing options...
Munch Posted December 19, 2013 Share Posted December 19, 2013 http://news.stv.tv/w...eneral-meeting/ I am going to put Wheres ra Munayyyy! as my ring tone Sounds like Gary Tank Commander Link to comment Share on other sites More sharing options...
The Comedian Posted December 19, 2013 Share Posted December 19, 2013 Listening to Clyde 1 now, they are openly saying the club need money and fast. I wonder if they will get on to discussing why? Look's like the penny has dropped. Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 Paul Murray claiming financial mis-management I call it "fill yer boots" and we're off. Link to comment Share on other sites More sharing options...
Phil D. Corners Posted December 19, 2013 Share Posted December 19, 2013 http://news.stv.tv/west-central/257443-rangers-boardroom-battle-comes-to-a-head-at-annual-general-meeting/ I am going to put Wheres ra Munayyyy! as my ring tone That's hilarious. Link to comment Share on other sites More sharing options...
269miles Posted December 19, 2013 Share Posted December 19, 2013 I agree, they cheated and are paying the consequences for it now. That wasn't really my point though. Ask a supporter of any other team if we "cheated" RFC RIP are not paying anything as a consequence of their "cheating". They went bust due to cheating the tax man. RFC never paid the fine imposed by LNS if IRC. Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 RFC RIP are not paying anything as a consequence of their "cheating". They went bust due to cheating the tax man. RFC never paid the fine imposed by LNS if IRC. IF (a big if) you agree that they are the same club then starting at the bottom was a consequence of their "cheating". They also had a transfer embargo placed on them, regardless of how ham fisted that was. There probably could and should have been more tbf. Link to comment Share on other sites More sharing options...
Barney Rubble Posted December 19, 2013 Share Posted December 19, 2013 (edited) IF (a big if) you agree that they are the same club then starting at the bottom was a consequence of their "cheating". They also had a transfer embargo placed on them, regardless of how ham fisted that was. There probably could and should have been more tbf. Theyre not the same club , same supporters yeah but the reason they started at the bottom was because they are a new club .. Which is for another thread sorrrry i forgot ! Edited December 19, 2013 by marco vanbasten 1874 Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 Theyre not the same club , same supporters yeah but the reason they started at the bottom was because they are a new club .. Not wanting to go over old ground but they claim (and the folk who matter agree) that it was the company who liquidated not the club. (yawn) I happen to agree with your point of view but that doesn't make us right. Link to comment Share on other sites More sharing options...
Bozi Posted December 19, 2013 Share Posted December 19, 2013 RFC RIP are not paying anything as a consequence of their "cheating". They went bust due to cheating the tax man. RFC never paid the fine imposed by LNS if IRC. And when they go bust again they will dodge more debt but still claim to be the same club Rangers are becoming a bit like Triggers sweeping brush Sent from my HTC Sensation XE with Beats Audio Z715e using Tapatalk Link to comment Share on other sites More sharing options...
alwaysthereinspirit Posted December 19, 2013 Share Posted December 19, 2013 IF (a big if) you agree that they are the same club then starting at the bottom was a consequence of their "cheating". They also had a transfer embargo placed on them, regardless of how ham fisted that was. There probably could and should have been more tbf. I'm sorry but you cant call a transfer embargo that wasn't really a transfer embargo a transfer embargo. That's just taking the pure p!$$. Link to comment Share on other sites More sharing options...
niblick1874 Posted December 19, 2013 Share Posted December 19, 2013 It is what it is. If vlad had got it right, the fix was already in place. It is still that way despite what we know. Give me my money back you cheating bunch of Link to comment Share on other sites More sharing options...
boabster Posted December 20, 2013 Share Posted December 20, 2013 RFC RIP are not paying anything as a consequence of their "cheating". They went bust due to cheating the tax man. RFC never paid the fine imposed by LNS if IRC. Nicked from another site but sums it all up perfectly: It is utterly astonishing the level of arrogance they show and the funny bit is that it looks like it is going to kill their new club like it did their last one. It seems to me that their entire business strategy previously was.......'But we are Rangers'. Rich huns were expected to throw tens of millions of pounds at them to buy players to keep timmy in his place. The Bank of Scotland was to give them money to spend just because they were Rangers. Lloyds TSB just didnt understand and for some silly reason tried to get the money they were owed back and the huns were incredulous. Ordinary people and other organisations were supposed to provide goods and services to the club with no real intention of the invoices ever being settled. They were evidently paying for the privilege of being associated with the huns. Taxes were for the little people and not for them. Even now, the plan and mindset of the average hun seems to be based on some rich hun basically being willing to throw their money down the drain for no return. I have spoken to several huns today and none of them have suggested sensibly living within their means and spending what they earn. All have suggested that a sugar daddy be found from somewhere and it will all be sorted Link to comment Share on other sites More sharing options...
Munch Posted December 20, 2013 Share Posted December 20, 2013 http://news.stv.tv/w...eneral-meeting/ I am going to put Wheres ra Munayyyy! as my ring tone " Can i get some penny shares please " Link to comment Share on other sites More sharing options...
Francis Albert Posted December 20, 2013 Share Posted December 20, 2013 (edited) http://news.stv.tv/west-central/257443-rangers-boardroom-battle-comes-to-a-head-at-annual-general-meeting/ I am going to put Wheres ra Munayyyy! as my ring tone The BBC website doesn't get round to mentioning (briefly) the protests until towards the end of the report, and then goes on to give two or three quotes from people supporting the board and criticising the protesters, but not a word from any protester. The protesters must be a "tiny, unrepresentative minority" like those who who sing sectarian songs and wreck city centres. Edited December 20, 2013 by Francis Albert Link to comment Share on other sites More sharing options...
Paolo Posted December 20, 2013 Share Posted December 20, 2013 " Can i get some penny shares please " I thought they were more interested in penny arcades. Link to comment Share on other sites More sharing options...
Phil D. Corners Posted December 20, 2013 Share Posted December 20, 2013 I seen on sky that 3 of the newco rangers board have contacted police about threats made about them.. the old threaten & abuse tactics like against spence & raith rovers/turnball hutton rearing there head again. Not a huge surprise. Does anyone know at what point the 'spivs' can take their cash and run? Link to comment Share on other sites More sharing options...
niblick1874 Posted December 20, 2013 Share Posted December 20, 2013 This shit is out of control. Scottish football is out of control. Someone needs to step in. Who's job is it if it's not going to be done by the people that should be doing it. Link to comment Share on other sites More sharing options...
Don Dan Posted December 20, 2013 Share Posted December 20, 2013 I seen on sky that 3 of the newco rangers board have contacted police about threats made about them.. the old threaten & abuse tactics like against spence & raith rovers/turnball hutton rearing there head again. It's worse than google with their rules, no Booing allowed or we will call the Polis. Link to comment Share on other sites More sharing options...
tartofmidlothian Posted December 20, 2013 Share Posted December 20, 2013 http://www1.skysports.com/football/news/11788/9082185/scottish-football-three-rangers-board-members-receive-violent-threats# Edinburgh's Maroon So are these real threats or dafties noising off on the Internet? Link to comment Share on other sites More sharing options...
Footballfirst Posted January 3, 2014 Share Posted January 3, 2014 The latest BDO (liquidators) report for Oldco is available online http://www.bdo.co.uk/__data/assets/pdf_file/0004/118993/Rangers-Creditors-Report-15-November-2013.PDF There's no startling info in it, but BDO's costs breakdown on page 8 suggests that they may be onto something. Forensic IT and Accounting Partner 2.00 hours, ?1,398.00 Manager/Director 184.75 hours, ?82,513.50 Assistant Manager 166.50 hours, ?59,515.00 Senior Executive 233.75 hours, ?78,762.50 Grand total 587.00 hours, ?222,189.00 That seems a lot of time, effort and money spent looking at the finer details of the financial wheeling and dealing. --------------------------- We may also have a resurrected Charlotte Fakes at https://twitter.com/RangersInter Link to comment Share on other sites More sharing options...
ERJEAN51 Posted January 3, 2014 Share Posted January 3, 2014 EBT As creditors will recall, HMRC has appealed the First Tier Tax tribunal decision in respect of the EBT scheme previously operated by the Company, commonly known as the ?Big Tax? case. We are currently reserving the Company?s position in respect of the appeal, whilst we review the documentation and evidence previously submitted and determine the most appropriate strategy in conjunction with our legal advisors. We are also closely monitoring the progress of the various directions hearings in respect of the appeal, to ensure that the Company?s position is protected. At this stage, a full hearing date range of 24 February to 14 March 2014 has been set by the Tribunal for the appeal, but there is still significant debate between the parties as to the format and scope of the appeal proceedings which has yet to be resolved. Given the level of the potential EBT claim, the Company remains as a defendant to the process, but the costs are currently being funded by a third party. The cost to the liquidation estate in adopting this approach is therefore minimal. We will continue to monitor the appeal process and discuss our strategy with the Committee on an ongoing basis. I wonder how that will go. Will they claim to be a newco or oldco if it doesn't go in their favour? Maybe they should start by removing those ridiculous 5 stars from their strip. Link to comment Share on other sites More sharing options...
tartofmidlothian Posted January 3, 2014 Share Posted January 3, 2014 I wonder how that will go. Will they claim to be a newco or oldco if it doesn't go in their favour? Maybe they should start by removing those ridiculous 5 stars from their strip. Who's the "third party"? Link to comment Share on other sites More sharing options...
Don Dan Posted January 3, 2014 Share Posted January 3, 2014 Who's the "third party"? David Murray? Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted January 3, 2014 Share Posted January 3, 2014 Who's the "third party"? MIH Link to comment Share on other sites More sharing options...
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