Messageboard Home  | Fantasy Football  | Predictions  | Club Info  | About P@SOTI   IJN Payments
Until the end of season:

It is currently Sat Oct 25, 2014 3:07 am

All times are UTC




Post new topic Reply to topic  [ 81 posts ]  Go to page Previous  1 ... 3, 4, 5, 6, 7  Next
Author Message
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Fri Mar 02, 2012 9:23 am 
Admin
User avatar

Joined: Sun Oct 31, 2010 8:19 pm
Octopus again.... http://www.fundweb.co.uk/uk/octopus-emb ... 72.article


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Fri Mar 02, 2012 9:41 am 
User avatar

Joined: Mon May 22, 2006 7:06 pm
The options at Rangers seem to be either 11 players are made redundant or all players take a pay cut of up to 75% to retain all or some of the players.

Were these ever options at Argyle? It's well known that a few players wages have been a major burden to the club but it's always seemed that Argyle have to honour all contracts. We sold off our better players cheaply to fund the wages of players who we might not necessarily wanted on the books. Are the rules different in Scotland?


Top
 Profile  
 
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Fri Mar 02, 2012 10:13 am 
pastiesforlife wrote:
The options at Rangers seem to be either 11 players are made redundant or all players take a pay cut of up to 75% to retain all or some of the players.

Were these ever options at Argyle? It's well known that a few players wages have been a major burden to the club but it's always seemed that Argyle have to honour all contracts. We sold off our better players cheaply to fund the wages of players who we might not necessarily wanted on the books. Are the rules different in Scotland?


There is apparently no 'Football creditor' rule in Scotland to safeguard the players and staff contractual positions. If HMRC win their case on the Football Creditor rule in England , and the decision is due very shortly, then any club going into administration will have to deal with HMRC on equal terms as the players which has all sorts of implications for the exit from a CVA.


Top
  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Fri Mar 02, 2012 1:56 pm 
Member Sponsor Staff
User avatar

Joined: Tue Feb 17, 2004 10:26 pm
Craig Whyte and £9m

Quote:
Rangers administrators are pursuing the club's owner Craig Whyte for up to £9m in money that was contractually promised at the time of his May 2011 takeover.

Lawyers acting for Duff & Phelps, who were appointed as administrators on 14 February, have gained a court order to seize a preliminary £3.6m from Whyte's solicitors Collyer Bristow.

That money is now in a bank account belonging to law firm Taylor Wessing. Duff & Phelps will ask a high court judge to release it to them on 8 March.


_________________
Resurgam


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Mon Mar 05, 2012 12:49 pm 
Member Sponsor Staff
User avatar

Joined: Tue Feb 17, 2004 10:26 pm
Players to take pay cuts

Quote:
Rangers players and the club's administrators are discussing a new series of structured cuts which could result in no immediate redundancies.

The month-long proposal would mean the highest earners would take a 75% wage cut, middle-earners a 50% cut, with a 25% drop in salary for other players.
The players' union, PFA Scotland, is aware of the proposal.

Administrators Duff & Phelps are expected to announce their cash-saving plans on Monday afternoon.

They are striving to cut £1m from the monthly running costs.

On Friday they rejected a union offer of "substantial salary deferrals".

The firm's David Whitehouse said wage deferrals would mean "a higher level of cost base", hindering the club's sale.

Meanwhile, the administrators have come to an agreement with Dunfermline to pay them the £83,000 owed for ticket sales.


_________________
Resurgam


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Mon Mar 05, 2012 1:47 pm 
User avatar

Joined: Thu Dec 07, 2006 7:41 am
IJN wrote:
Argyle and Dunfermline for me.
Think you have problems?


Same here - spent many happy evenings and afternoons watching the Pars at East End Park when I was a teen.


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Tue Mar 06, 2012 3:03 pm 

Joined: Sun Aug 21, 2011 11:53 am
Location: Vladivostok
Mr Gillingham wrote:
MotherwellGreen wrote:
Rob Thomas wrote:
I supported Kilmarnock when I lived in Scotland who are trying really well to balance their books. They have written off millions of pounds of debt in the past couple of years by competing within themselves and being sensible of wages ect. The opposite has happened at Rangers.

When Rangers won the title at Kilmarnock last year their fans invaded the home ends and caused complete madness. (imagine 2,000-4,000 people invading the home areas at HP!) Now Killie fans are planing a big party in the away end at Rangers on Saturday! Swings and roundabouts!



The only madness was the killie fans leaving at 3-0. There was no trouble at this match. I was there. I look forward to the 10 killie fans having their party on saturday. I sit next to the away fans and will post pictures of said party so you can see how exciting it was for your fellow fans!!!!

come on then, we are waiting for some pictures !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!


I try to avoid getting too involved in matters that don't really concern me. I do however have a strong dislike to arrogant people and Mr Gillingham has gone a bit quiet. Saw this on the sites this am.

An anonymous and defiant text from a Rangers fan: "Rangers should take the place of an Englìsh club or apply to a lower English league ! A few years playing new opposition onwards and upwards - a breath of fresh air! SPL incl CFC don't need or want us after all!!"
This fan has a slighted tinted view that the SPL is good enough for the upper leagues in England. Do we want Rangers in the English League?? Fine with that but I believe it will mean starting in tier 8? 10? 15?
Some of you will remember the article about ''the smallest league in the world'' where you finish 1st or 2nd and always get a cup final. I answered ''SPL'' but I'm told its the Scilly Isles who have 2 teams. Similar - well it was because soon there will be 1 club in SPL.

_________________
ARGYLE - upwardly mobile !!!!!


Top
 Profile  
 
Online
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Tue Mar 06, 2012 3:12 pm 
Member Staff
User avatar

Joined: Mon May 22, 2006 7:56 pm
Location: Salisbury
Rangers and Celtic can enter the English leagues, but only if they stamp out the pathetic religious bigotry and sectarianism.

In other words, it'll never happen.


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Tue Mar 06, 2012 3:30 pm 

Joined: Sun Aug 21, 2011 11:53 am
Location: Vladivostok
Andrew Owen wrote:
Rangers and Celtic can enter the English leagues, but only if they stamp out the pathetic religious bigotry and sectarianism.

In other words, it'll never happen.

From what I see and hear the sectarianism is frightening

_________________
ARGYLE - upwardly mobile !!!!!


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Tue Mar 06, 2012 10:34 pm 
User avatar

Joined: Tue Oct 31, 2006 2:52 pm
Location: Strathblane, Glasgow.
Uefa would never let a Scottish based team play in the English league as it is. Someone has answered the question of the welsh clubs playing in England and the answer was something to do with there being NO professional league in Wales at the time of inclusion.

Most Rangers Fans would not even consider a move down south. Rangers are better getting their house in order and moving on, simples.


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Wed Mar 07, 2012 1:23 pm 
Member Sponsor Staff
User avatar

Joined: Tue Feb 17, 2004 10:26 pm
Liquidation?

Surely not. :shock:

Quote:
Rangers director Dave King fears the club will not exit administration and that liquidation is "inevitable".

In a statement, King said the club's owner Craig Whyte has "abused the loyalty of fans" by mortgaging future sales of tickets to Ticketus.

King also claims that Sir David Murray had no knowledge that proof of funds supplied by Whyte to purchase the club was secured by season ticket sales.

The South Africa-based businessman said the club's plight "grieved him"


From the article it is clear King is not necessarily whiter than white himself (excuse the unintended pun).

Quote:
King invested £20m in the club in 2000 and is the second-largest shareholder, but has also been hit with a £250m bill after losing a 10-year battle with the taxman in South Africa.

In his statement, King said that he intended to continue his involvement with the Glasgow club in conjunction with Paul Murray and had approached the Scottish Football Association to approve him as a "fit and proper person" to be in a position of control at Ibrox.


_________________
Resurgam


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Wed Mar 07, 2012 2:24 pm 
User avatar

Joined: Thu Dec 07, 2006 7:41 am
Have I missed something here? King is convinced Rangers will go under but is still banging on about being involved with a re-construction of the club - at least, I think that's what he's saying. If they DO go titzup then they must surely lose their SPL place and have to start again from the bottom (wherever that is in Scotland)? As for them joining the English league, not bleddy likely. The last thing we need down here is their exporting the poisonous religious biggotry and claptrap that surrounds the Big 2 north of the border. :mad:


Top
 Profile  
 
Offline
 Post subject: Re: Glasgow Rangers going into administration
PostPosted: Wed Mar 07, 2012 5:59 pm 
User avatar

Joined: Tue Oct 31, 2006 2:52 pm
Location: Strathblane, Glasgow.
FordGreen wrote:
Have I missed something here? King is convinced Rangers will go under but is still banging on about being involved with a re-construction of the club - at least, I think that's what he's saying. If they DO go titzup then they must surely lose their SPL place and have to start again from the bottom (wherever that is in Scotland)? As for them joining the English league, not bleddy likely. The last thing we need down here is their exporting the poisonous religious biggotry and claptrap that surrounds the Big 2 north of the border. :mad:


Yawn.

Rangers have been assured that they will still be able to play in the SPL post liquidation but will have three years of penalties. The Rangers support in general favour a move to the third division and work their way back up again to the SPL.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 81 posts ]  Go to page Previous  1 ... 3, 4, 5, 6, 7  Next

All times are UTC


Who is online

Users browsing this forum: No registered users and 20 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  




Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group.