Rangers Have gone into Administration

there's only so many good players in scotland

There are as many good players in Scotland as there would be with no Rangers.

I can't work out how *any* of what you're saying is mitigated by Rangers existing. This is just a general gripe about the state of Scottish football. A state it wasn't in before people started trying to spend big to compete with two teams with more spending power who were spending too much to attempt to compete in arenas beyond their abilities.

If only All leagues had to start from scratch really. Maybe that will happen one day. Madrid and Barcelona must be in all kinds of shit if the banks ever call in the debt.

― pfunkboy (Algerian Goalkeeper)

that's a few references to debt that seem to show you don't understand it at all. madrid and barcelona have a turnover that would make your eyes bleed, like any other business they operate with a debt, a debt that it is eminently easy for them to service, and always will be, since they rake in so much cash.

a debt that it is eminently easy for them to service

Didn't Real have a huge chunk, like hundreds of millions wiped out by the city council or the state? Some of Real's property bought by them for stupid prices or something?

there's only so many good players in scotland

There are as many good players in Scotland as there would be with no Rangers.

I can't work out how *any* of what you're saying is mitigated by Rangers existing. This is just a general gripe about the state of Scottish football. A state it wasn't in before people started trying to spend big to compete with two teams with more spending power who were spending too much to attempt to compete in arenas beyond their abilities.

I never said this had anything to do with Rangers, I'm just saying that most clubs do not run a purely home grown youth system for the first team. If every club does this as a result of change, there is only so many good players here. There's not enough to go round all clubs. And i think the money wont be there to pay for top class scouting in other countries or to pay wages of these players.

Where did i say scotland needs rangers for that?

aye maybe, but i mean like now, they're both sitting pretty, though with a lot of debt.

The city had previously rezoned the training grounds for development, a move which in turn increased their value, and then bought the site. The EU-commission started an investigation into whether the city overpaid for the property, to be considered a form of state subsidy.

The sale of the training ground for office buildings cleared Real Madrid's debts of €270m and enabled the club to embark upon an unprecedented spending spree

there is only so many good players here. There's not enough to go round all clubs

More children are born every day. Developing talent is a rolling strategy. You don't turn round one day and go "oh shit we've run out!"

Where did i say scotland needs rangers for that?

Ok, you didn't. You just posted it slap bang in the middle of a discussion about the future of Scottish football without Rangers in a thread about Rangers going into administration. No idea why.

I can't work out how *any* of what you're saying is mitigated by Rangers existing.

or try reading what i say rather than trying to manoeuvre it into what you want me to say so you can have a go.

in other words onimo you read what you wanted to read

where have i heard that one before, eh?

Is this like a Turing test of something idk.

I'm addressing what you say and quoting it. That isn't reading what I want. Trust me, I am not reading what I want - I want to read things that make sense in the context I'm reading them.

my head hurts

yeah this starts to smart after a while
http://www.dragonflightstudio.com/banghead.gif

You got it

Reporting Scotland just showing how Rangers should have a £30m surplus since Whyte's takeover, even discounting the investment he claimed he would make at the start.

Average income plus Ticketus deal plus Jelavic fee plus unpaid taxes minus the running costs that Whyte himself stated = £30m.
If he didn't include paying tax in those costs (as he wasn't paying it) it still leaves £21m that should be in the bank.

So where's the money and why administration and why now?

switzerland? cayman islands?

that amateur club in england hes involved with? Well they always wanted to join the english (non) league didn't they? ;)

maybe it's hidden away so he can use it when nu-rangers are formed to buy players? or he wants to suddenly emigrate to rio?

I think the right answer (which Whyte denies) is that the Ticketus money paid for the takeover. This money was borrowed by Whyte against advanced ticket sales of a club he didn't not own or represent in any capacity whatsoever as it was paid to him before he owned Rangers.

That would leave £6m cash with a £9m tax bill = skinto

-not

This thread is insane. It's just like a scattergun blast of ill-conceived, random and contradictory thoughts and retreads of things that have been explained over and over again. Remind me again why we needed a new thread for this? Any salient points with regard to the future of Rangers and a Rangers-free world are just lost in among a bunch of white noise and stupid blustering non sequiters.

fwiw, there is an excellent wee thread on Kerrydale Street where the ins and outs are being discussed away from the gloating and lolz elsewhere on the board if anyone wants to read on-topic stuff about this.

https://www.kerrydalestreet.co.uk/topic/8648238/

Onimo, i think you're spot on.

If it's anywhere it's in Monaco. And he can't then just go "ta-da!" and produce it again to fund debt-free Rangers 2.0 .

apologies if this was posted already
http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17049723

I'm going to re-post this. It is well worth a read for anyone struggling with the basics of administration.

https://www.scotslawthoughts.wordpress.com/2012/02/15/what-will-the-administrators-of-rangers-football-club-plc-do/

And an update:

https://www.scotslawthoughts.wordpress.com/2012/02/15/day-2-rangers-in-administration-offence-alreadyadministrators-talking-rubbishwheres-the-money-from/

I think the right answer (which Whyte denies) is that the Ticketus money paid for the takeover. This money was borrowed by Whyte against advanced ticket sales of a club he didn't not own or represent in any capacity whatsoever as it was paid to him before he owned Rangers.

Yeah, I expect it is more likely that he took a short-term loan to finance Wavetower's repayment of the Lloyds debt, then used the Ticketus loan to pay that back.

they cant do it by buying players so its going to have to take a good youth system and just try and sell players to english clubs to finance it all. Propblem is if you get good players, they get sold, youre back to scratch again. Unless you have a huge support like celtic and rangers do.

Indeed but how is that any different to the way it was back in the day when Dundee Utd + Aberdeen + whoever were actually capable of challenging for the title? Those clubs were still (eventually) selling their best players to England or to Celtic and Rangers. Could it perhaps have something to do with being well managed and well run and not willing to resign themselves to sitting around midtable year after year boohooing over the fact that the Old Firm have all the money and all the best players?

Bit much to expect a Jim McLean or Alex Ferguson to roll around admittedly, but here's an idea for the club chairman for Scotland, how appointing some ex-Celtic players to management positions, a third of the EPL is managed by them after all (one less now)

It's the way you tell them. Next you'll be suggesting there might be some good Republic of Ireland footballers that Rangers could sign post-administration.

The administrator has said there will not be any players removed until next week, thus gaining an unfair competitive advantage over Kilmarnock on Saturday.

The administrator is not obliged to act in the best interests of Kilmarnock FC.

However the SFA/SPL is obliged to act in the best interests of Rangers FC

The administrator is obliged to act in the best interests of the creditors. In what way is paying Whittaker, Davis and McGregor £65,000 for 90 minutes work in the best interest of the creditors?

Whittaker is injured actually, he is getting £20k for doing nothing. I'm sure the creditors will be pleased.

Eight current or former English Premier League clubs are being investigated for their use of EBTs.

Mibbe a wee vacancy there for a big club in a non-viable league following the loss of its symbiotic rival :)

Boca Juniors?

press conference for 3.30 has been delayed. if anyone doesnt have SSN i can relay stuff if you want (but my memory is crap so if anyone else is watching it you can do it!)

stv lads will no doubt be tweeting about it.

ok

its starting

It's too much to hope for that the BBC News story - that Rangers' administration/bankruptcy would void the TV current rights contract - could lead to council telly showing a game or two?

There must still be value to Sky in showing Celtic games, I'd imagine they'd keep showing at a lower price (like half the current deal or so)

would have thought so but no doubt they will want to renegotiate the fees

The third division contract would get even more lucrative too

What contract is that? With the Auchtermuchty Express?

In what way is paying Whittaker, Davis and McGregor £65,000 for 90 minutes work in the best interest of the creditors?

"The reason it (tax) hasn't been paid is that it hasn't been sent. They were deductions that were made at source that were fundamentally used to fund the club."

Throw the book at the bastards

ssn stopped showing it but i just found the whole thing is streaming on bbc
http://news.bbc.co.uk/sport1/hi/scotland/8501453.stm

its finished, did one of the hacks whistle a grand old team there?