Rangers Have gone into Administration

^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.

Cracking post on Pie and Bovril:

CAIRNHALL LIMITED Dissolved
CAIRNWELL INVESTMENTS LIMITED NON TRADINg
CATHEDRAL SECURITY SERVICES (NORTHERN) LTD Dissolved
CCS 1996 LTD.Dissolved
CSS 1996 LTD Dissolved
CSS 1996 LTD Dissolved
HAG 1996 LTD. Dissolved
HIRE ACCESS GROUP LTD DissolvedI
CONIX LIMITED Dissolved
IN-STORE SECURITY SERVICES LTD Dissolved
INTERCITY GUARDS LIMITED Dissolved
INTERCITY GUARDS LIMITED Dissolved
ISS 1996 LTD. Dissolved
KRISTEN MANAGEMENT SERVICES LTD Dissolved
LM LOGISTICS GROUP LTD In Administration
MERCHANT CORPORATE RECOVERY PLC Accounts too old
MERCHANT HOUSE FINANCIAL SERVICES LIMITED No Longer a Director
MERCHANT INTERACTIVE LTD Dissolved
MERCHANT TURNAROUND PLC Accounts too old
PRITCHARD STOCKBRKERS Struck Off last Frday
STRIDENT PLC Dissolved
THE RANGERS FC GROUP LIMITED In Administration
THE RANGERS FOOTBALL CLUB P.L.C. In Administration
TIXWAY UK LIMITED Active
U S G LIMITED Dissolved
VITAL HOLDINGS LTD Dissolved
VITAL PLANT SERVICES LTD Dissolved
VITAL SECURITY LTD.Dissolved
VPS 1996 LTD.Dissolved
WHYTE COMMUNICATIONS LIMITED Dissolved
WHYTE COMMUNICATIONS LIMITED Dissolved
WHYTE FORBES CONTRACT SERVICES LIMITED Dissolved
WHYTE HIRE LIMITED Dissolved
WHYTE PLANT LIMITED Dissolved
ZEMFILL PLC Dissolved

Who's the one person linked to all these companies?

TIXWAY UK LIMITED Active

^ordered earlier this to pay £86,127.36 plus interest at 8 per cent

http://scotslawthoughts.wordpress.com/2012/02/12/the-tixway-judgment-it-is-even-worse-for-craig-whyte-than-first-reported/

It was at this hearing that Whyte said he didn't remember why he was banned from being a company director for seven years.

earlier this *month*

I'm incredulous about a lot this it, too and I haven't any better visibiity (to borrow a phrase from the administrators) than anyone else here but yeah, it is perfectly possible that everything relating to the takeover (and financing of the takeover) was 100% legal - that said, on the basis of presently available information is does look a wee bit like shart practice.

sharP practice

lol typo

Re the list of dissolved companies - again, this is not evidence of dodgy dealings, given CW's venture capitalist previous. Being banned from being a director is the real biggie.

Not of itself evidence of dodgy dealings, I should say.

Are Ticketus' accounts available? Is there an outgoing payment relating to this at all? (phone not conducive to extensive research I'm afraid)

Also, shart practice is amazing.

not sure if i'll want to stick with this display name beyond a handful of posts, but let's give it a go.

He's finally got round to suing the BBC btw

Mr Whyte’s representatives said on Friday that a writ had been served on the BBC over a documentary and subsequent reports he had carried on the Rangers owner.

The action is over claims made in a documentary broadcast last October, as well as more recent reports by the corporation on Mr Whyte’s business history.

A BBC Scotland spokesman said: "We can confirm we have received a writ from Mr Whyte. We stand by our journalism, all of the allegations made, and will defend any action vigorously."

from http://news.stv.tv/scotland/west-central/297910-rangers-owner-craig-whyte-will-not-return-to-ibrox-during-administration/

Cracking post on Pie and Bovril:

there's a first!
thank you rangers, you managed to make the impossible happen on P&B!

I normally steer well clear of the Celtic/Rangers threads on P&B, spending my time on the Div. 3 forum, but couldn't resist having a look this week.

any spl/div 1 threads arent any better. too many st midden fans haha

That's why I mostly like this place. I have no real need of P&B.

Fair enough, not expecting to see much discussion of Berwick v Annan this weekend here.

No, I realise that, I just meant I had no idea of their idiocy regarding football discussion because I don't need to read it. I realise choice of discussion fora is a bit more limited with a limited market share. If I was still getting to Clyde games this season, I'd discuss them here too (or the Scottish football thread) if I thought anyone would care.

Hopefully there'll be a more active interest in Div 3 next year :)

i don't think whether people care or not should be a barrier to posting about stuff on ilx. well that's my personal philosophy, as you may have noticed.

why on earth clyde btw? (albion rovers ftw).

Ailsa's hubby is a Clyde fan

Any reason you hate Accies jim?

i p much hate everyone. i don't really have much against accies. i seen jose quitongo outside of greggs once.

My other half is afflicted with a sleeping giant of an allegiance due to his father. I haven't been at all since they went down to the 3rd (except for one benefit match once). I don't take enough of an interest in much below the 1st, tbh, so I have enough places to gauge opinion on the things that interest me without ever disturbing the hit rate on P&B. I do try and keep and share over here too though.

P&B would do your nut in more than most places tbh. I avoid it. I read (dont post on) the accies board sometimes, if there's something big happening. But i prefer ilx .

More than here? Wow.

All footy boards do my nut in, but ilf/ilx is better than anywhere else.

Rangers tax case blogger in the Guardian.

http://gu.com/p/35hyz

Anyone interested in this stuff and not following @rangerstaxcase and @paulmcc12 on twitter and/or reading their blogs is missing out on a lot.

Oh good, someone let Vlad speak at last.

http://www.scotsman.com/sport/football/spl/vladimir_romanov_hits_out_at_authorities_over_rangers_punishment_1_2123995

was wondering why he had been so quiet on it

at least he wont vote them back in if it comes to that

if they dont go bust themselves that is

http://news.bbcimg.co.uk/media/images/58579000/jpg/_58579001_keepcalmgetty464.jpg

http://news.bbcimg.co.uk/media/images/58579000/jpg/_58579515_gerslidethree464.jpg

http://news.bbcimg.co.uk/media/images/58579000/jpg/_58579519_gerslidefive464.jpg

http://news.bbcimg.co.uk/media/images/58579000/jpg/_58579553_gerslideseven464.jpg

http://news.bbcimg.co.uk/media/images/58579000/jpg/_58579513_gerslidetwo464.jpg

"we don't do walking away"

Rangers 0 Dundee Utd 2
                Gunning 16′
                Russell 35′
5 February 2012
Att: 17,822

oof. thats lower than the crowds celtic got in the season at hampden isn't it?

yes, Rangers recorded crowds under 5k in the 80s. they do do walking away

i remember 11k against forfar? in about 82 or 83. i dont remember as low as 5k

I've heard that but I can't believe it ever went that low - got any specific games/figures for that?

Like I said upthread, there doesn't seem much point in a Rangers that doesn't win all the time, I'd expect crowds to tumble. There's no scope for glorying in being an underdog.

All crowds tumble, Celtic are no exception, but they never ever went as low as Rangers did in the early 80s.

I do remember campaigns to try to get boycotts going pre-McCann, but afaicr 'success' was getting below 30,000 on occasion.

yeah the boycotts just didn't take off. And if there's a proper boycott going on you cant use that against a club for low attendances. It's not the same.

well they took off a bit as some stopped, but more than half the support still went it seems.