Christmas Tree 4679 Posted February 13, 2012 Share Posted February 13, 2012 (edited) http://www1.skysport...-administration Rangers are to go into administration after lodging the notice in Edinburgh at Monday lunchtime. It is understood Gers have five days in which to formally declare administrators have taken over the running of the club. The Scottish Premier League champions are facing an uncertain future as they await the verdict of a tax tribunal. The famous Ibrox club could face a bill in the region of £49million should they lose their dispute with HM Revenue & Customs (HMRC). The club's financial problems are well documented following the decision to sell star striker Nikica Jelavic to Everton in January. Sky Bet Odds Click here for the latest Scottish football markets from Sky Bet including Scottish Premier League, Scottish Cup and Scottish CIS Cup! Gers have now shown their hand after lodging an intention to go into administration with the Court of Session. A Scottish Premier League spokesman confirmed a 10-point deduction and a transfer embargo would only be put in place when administration was confirmed. The spokesman said: "At this point in time Rangers are not in administration and we await developments. "The instant that they are technically in administration there will be an automatic 10-point deduction and, perhaps of less relevance, an embargo on player registrations. "If administration is confirmed, as we have done previously, we would be looking to work with the administrators and would be looking for a very early meeting." Edited February 13, 2012 by Christmas Tree Link to comment Share on other sites More sharing options...
Billy Whitehurst 885 Posted February 13, 2012 Share Posted February 13, 2012 Amd Scottish football becomes even less competitive. At least someone else might finish 2nd next season. Link to comment Share on other sites More sharing options...
@yourservice 67 Posted February 13, 2012 Share Posted February 13, 2012 I'm soo happy we have big Mike looking after us. Ahead of his time tbh. Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 13, 2012 Share Posted February 13, 2012 I just hope this means we won't be swooping in for some "bargains" at the end of the season. Link to comment Share on other sites More sharing options...
Tooj 17 Posted February 13, 2012 Share Posted February 13, 2012 I just hope this means we won't be swooping in for some "bargains" at the end of the season. Would be if Souness was still our manager. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted February 13, 2012 Share Posted February 13, 2012 so will rangers get saved thats the question eh Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 13, 2012 Share Posted February 13, 2012 Yes, another Boumsong would do nicely........ Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 13, 2012 Share Posted February 13, 2012 so will rangers get saved thats the question eh yes Deadman, the administration is just a convenient way to sack lots of people and walk away from their debts. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted February 13, 2012 Share Posted February 13, 2012 oh god no not another idiot like him Link to comment Share on other sites More sharing options...
ULSTER MAG 0 Posted February 13, 2012 Share Posted February 13, 2012 Now a one team league for the foreseeable future. Wonder how many of my die hard mates will travel over to see a bunch of kids playing next season Link to comment Share on other sites More sharing options...
manc-mag 1 Posted February 13, 2012 Share Posted February 13, 2012 Hope Celtic go the same way tbh. Link to comment Share on other sites More sharing options...
DEADMAN 0 Posted February 13, 2012 Share Posted February 13, 2012 doubt it but outs possible manc Link to comment Share on other sites More sharing options...
Kevin S. Assilleekunt 1 Posted February 13, 2012 Share Posted February 13, 2012 Be interesting to see how the rate of domestic violence would be affected by Rangers shutting down. Link to comment Share on other sites More sharing options...
ChezGiven 0 Posted February 13, 2012 Share Posted February 13, 2012 Remember folks, clubs don't go bust. Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 13, 2012 Share Posted February 13, 2012 (edited) Remember folks, clubs don't go bust. I wonder if there's a Scottish equivalent of Leazesmag fighting the good fight on a Rangers' forum somewhere Edited February 13, 2012 by Kitman Link to comment Share on other sites More sharing options...
toon_don 0 Posted February 14, 2012 Share Posted February 14, 2012 A glorious day Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 14, 2012 Share Posted February 14, 2012 A glorious day I have a Glaswegian colleague who supports Celtic. I must say he's pretty chipper to day... Link to comment Share on other sites More sharing options...
Asprilla 96 Posted February 14, 2012 Share Posted February 14, 2012 Hope Celtic go the same way tbh. Apparently they're run pretty carefully money wise. Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 14, 2012 Share Posted February 14, 2012 (edited) It sounds like they have lived beyond their means for years, so that the dry bumfucking by HMRC is the final straw. Dunno whether they're hoping HMRC will back down and do a deal or whether they are in such deep shit that they've got no choice. Edited February 14, 2012 by Kitman Link to comment Share on other sites More sharing options...
Dogmatix 0 Posted February 14, 2012 Share Posted February 14, 2012 It sounds like they have lived beyond their means for years, so that the dry bumfucking by HMRC is the final straw. Dunno whether they're hoping HMRC will back down and do a deal or whether they are in such deep shit that they've got no choice. Im sure they are hoping for HMRC to back down. As things stand the tax man would get nothing after other creditors got their share. I believe this is just a lever, to get the Tax man to settle for a much lower sum. Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 14, 2012 Share Posted February 14, 2012 It sounds like they have lived beyond their means for years, so that the dry bumfucking by HMRC is the final straw. Dunno whether they're hoping HMRC will back down and do a deal or whether they are in such deep shit that they've got no choice. Im sure they are hoping for HMRC to back down. As things stand the tax man would get nothing after other creditors got their share. I believe this is just a lever, to get the Tax man to settle for a much lower sum. Makes sense, although HMRC might rank ahead of unsecured creditors, I can't remember. Link to comment Share on other sites More sharing options...
Kitman 2204 Posted February 14, 2012 Share Posted February 14, 2012 Celtic supporting colleague just been past my desk. Still got the same great big grin on his face he's had on all day. Link to comment Share on other sites More sharing options...
PaddockLad 17067 Posted February 14, 2012 Share Posted February 14, 2012 It sounds like they have lived beyond their means for years, so that the dry bumfucking by HMRC is the final straw. Dunno whether they're hoping HMRC will back down and do a deal or whether they are in such deep shit that they've got no choice. Im sure they are hoping for HMRC to back down. As things stand the tax man would get nothing after other creditors got their share. I believe this is just a lever, to get the Tax man to settle for a much lower sum. Makes sense, although HMRC might rank ahead of unsecured creditors, I can't remember. Apparently in this situation the secured creditor is preferred, and thats Craig Whyte the chairman. I think the radio said the worst case scenario is that it does all go tits up but Whyte will just start a new club called Glasgow Rangers FC and start again. Thats what Leazes was on about I think. Even Aldershot and Accrington Stanley have come back into the lague eventually. Link to comment Share on other sites More sharing options...
CleeToonFan 1 Posted February 14, 2012 Share Posted February 14, 2012 Celtic supporting colleague just been past my desk. Still got the same great big grin on his face he's had on all day. Classy old firm fans as usual Link to comment Share on other sites More sharing options...
ewerk 30221 Posted February 14, 2012 Share Posted February 14, 2012 Celtic supporting colleague just been past my desk. Still got the same great big grin on his face he's had on all day. Given how close they were to going under in the 90's you'd think that he would know better. On the other hand, they've essentially just been handed the title. Link to comment Share on other sites More sharing options...
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