Rangers Have gone into Administration

Mark Daly on twitter: Strathclyde Police confirm they've been passed a dossier of info on #rangers and are conducting a preliminary examination of it.

jim w@tson and foolston and co must be watching whyte with admiration. (except the man in the white suit would never get caught)

I can't speak for any other Celtic fan but my vote won't have anything to do with this shambles. It does, however, reinforce much of what I feel about Salmond.

what is in the dossier though?

all politicians are opportunists. would have been no different had labour tories or libs been in charge tbh.

Dossier put together by a former board member. I imagine there's some substance there.

aha. that's big then.

amazing that whyte has been there a year and already made murray to look like a saint compared to him. Murray will no doubt bullshit everyone insisting he just made a mistake and thought it was all legal and all that guff . Whilst Whyte couldn't possibly have the brass neck to even try that.

He can't possibly escape jail can he?

He has a lot of previous for questionable takeovers and treatment of creditors and renaming companies and liquidation etc etc and his punishment so far seems to have been spending a few years in Monaco. He might be a bit fast and loose with finances but he's maybe not the mug he's being painted as.

yeah , hopefully they can get him though. but he knows exactly what he's doing.

but mistakes can be made

Craig Whyte's business past is not new info.

My voting in the next election will not be directly as a result of this, but as another bit of ill-informed soundbite vote-courting shite, it doesn't surprise me from the government that invented the Offensive Behaviour at Football and Threatening Communications bill.

Dossier's from Alistair "surrender - no" Johnston, aye?

http://www.bbc.co.uk/sport/0/football/17072133

He's just trolling us because he's NOT a tax cheat, right?

Never mind that...

http://in.news.yahoo.com/craig-whytes-tax-advisor-leads-double-life-porn-094102697.html

The tax advisor of Craig Whyte, whose Rangers football club is under threat of liquidation, moonlights as a porn star when he is not dealing with numbers for his clients.

!

He sounds like a bit of a character:

http://rangerstaxcase.com/2011/04/04/rangers-expert-advice/

http://www.dailyrecord.co.uk/news/scottish-news/2012/02/17/revealed-rangers-supremo-craig-whyte-used-different-birth-dates-and-spellings-of-name-to-register-companies-86908-23754531/

These stories have been floating around, with easily accessible evidence, for six months. Why did the tabloids sit on them for so long?

What is the point in owning a BMW if you don't drive the car?

ha ha ha gold

This just gets better and better!

The variant spellings of his name were clearly visible on the documents shown in the recent Newsnight Scotland expose. As onimo says, these things were well known to anyone following the RTC blog or the Scots Law Thoughts one. The likes of Keevins and that well-known intellectual heavyweight Gordon Dalziel kept insisting it was just the work of internet mentalists and conspiracist crackpots, but it's all well-researched, backed up with evidence, and finally being reported on by people who call themselves journalists but wouldn't know a bit of investigative research or a hard-hitting question if it nipped them in the arse.

oh aye, Private Eye were doing some digging around the time of the fakeover. I remember posting it on last season's thread. This is very much not new news.

http://scotslawthoughts.wordpress.com/2012/02/17/day-3-rangers-football-club-plc-in-administration-craig-whytes-corporate-structure-mapped/

Some further interesting musings.

Ailsa do you know why this happened?

Wednesday, 15 February 2012 06:55 I Love Football Message: 3246747 from thread: Rangers Have gone into Administration has been deleted.
Wednesday, 15 February 2012 06:54 I Love Football Message: 3246750 from thread: Rangers Have gone into Administration has been deleted.

Yes, I double posted a broken link. Can restore it for full transparency if required.

nah it's cool - I was wondering if I'd missed something libellous :)

Anything potentially libellous I'd de-index (see debate on other thread re the witchhunt on an HMRC employee). Was just housekeeping.

Right. Rangers do not owe Ticketus any money.
Rangers FC Group Limited do not owe Ticketus any money.
No one does.
Ticketus did not *loan* any money to Rangers or Wavetower.
Ticketus *bought* season tickets to resell.

As far as Ticketus are concerned they exchanged money for assets, those assets being £6-8m or thereabouts worth of tickets to sell for the next 3-4 seasons.

but

- how could a man/company who didn't own those assets sell them to Ticketus?
- how do Ticketus sell tickets for matches that don't happen because Rangers don't exist
- how do Ticketus sell "Rangers" tickets when the club playing at Ibrox is Rangers United Phoenix From The Flames FC?

Seems that anyone with any plan to resurrect Rangers has to fuck Ticketus over to do so, or lose millions a year in ticket sales.

Milan Mandaric has denied having any interest btw. I was looking forward to him talking 'arry into wheeling and dealing for the cream of the Albion Rovers youth team.

I'm interested in taking over Rangers. Who should I contact?

Do you have one pound?

I thought you were going to say "your analyst". I'm prepared to pay more than £1.

You have to really hate Celtic...

"craig whyte is a tim" 2 results (0.28 seconds)
"craig whyte is a celtic fan" 5 results (0.21 seconds)

I could tap you a pound, thus adding myself to your list of creditors?

By the way, this Paul Murray chap that's floating around was KBed by Moonbeam Murray when he was deciding who to trust with the Rangers legacy. What a beamer that must be, being passed over for someone who would prefer to trust Craig Whyte....

... and love the Queen. Yes, could be stumbling blocks I admit. (xxp)

Ally McCoist this morning: "Rangers will march right through this."

Is it that time of year already?

Bet you had an orange face after he said that

he had an orange face... but leave it as it is

http://img.thesun.co.uk/multimedia/archive/01455/01_04_2011---13_56_1455072a.jpg
http://thetorchonline.com/wp-content/uploads/2010/09/total-recall-bulge-eyes-300.jpg

Haha - that is amazing! CW doesn't take a good picture, does he?

- how could a man/company who didn't own those assets sell them to Ticketus?

- how do Ticketus sell tickets for matches that don't happen because Rangers don't exist

- how do Ticketus sell "Rangers" tickets when the club playing at Ibrox is Rangers United Phoenix From The Flames FC?

it looks like they bought the tickets from Rangers, who had title to them

But then shouldn't the administrators have seen at least a trace of this money on the football club's books?

http://cache.ohinternet.com/images/2/29/Hypnotoad-1.gif

^this. Not one penny of this deal went into Rangers' books. No money at all was paid to Rangers.
Not one penny of the reported 100,000 season ticket sales will go into Rangers' future books.

Effectively Craig Whyte's company received £24m for £60m worth of Rangers assets and Rangers won't see a bean.

(if I understand it correctly, that is - it may be that Ticketus sell their £240 tickets for £600 each and Rangers are entitled to a cut of that profit)

I haven't seen anythng (haven't been looking/paying much attention - my interest in this is pretty much purely legal) that confirms that the consideration for the sale of the tickets has been received as yet (or that it should be received up front).

That's a point. It would have been mental of octopus to pony up £24m in advance, unless they had it secured by tangible assets rather than a promise.

Statement seems to confirm money has changed hands:

http://www.stv.tv/news/scotland/west-central/297894-craig-whyte-sold-rangers-season-tickets-to-ticketus-in-24m-deal/

http://news.stv.tv/scotland/west-central/297894-craig-whyte-sold-rangers-season-tickets-to-ticketus-in-24m-deal/

long winded way of saying "ahm no goin tae the game the morra"

http://www.rangers.co.uk/news/football-news/article/2614559

also
And I wish to state categorically for the record now that I personally have not taken a single penny out of Rangers since I became chairman

Loads of wiggle room there in "I personally" and "out of Rangers".

Omits to say "I wish to state categorically for the record now that my company didn't take £24m by selling off Rangers' future income."

"horrible things have I seen"
http://files.stv.tv/img/articles/297910-rangers-owner-craig-whyte-will-not-return-to-ibrox-during-administration-410x230.jpg

The statement doesn't say much about payment - it seems pretty carefully worded so as not to give anything away on the consideration structure. Title to the assets can pass without all (or any - hooray scots law) the consideration being paid first. Not saying, of course, that this is what has happened.

Your ken is beyond mine in these matter calumerio. I'm just trying to make sense of a flurry of information from lots of people, many with vested interests.

There are a lot of laymen like myself who are incredulous at some of the stuff that's come out about these deals but I'm sure for anyone involved in the legal world shit like this happens on a regular basis without anyone even blinking. I mean look at Craig there, that a man who doesn't blink first for anyone.