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Thread: Rangers are Liquidated.

      
  1. #1
    Dancing in the Trent End
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    Default Rangers are Liquidated.

    http://www.scotsman.com/sport/footba...cted-1-2353211

    So that's that, then.
    They will reform as a new club and apply for membership in the SPL. The final say will be put to a vote between all the SPL club chairmen. If they are refused, it looks like "The Rangers FC" will join the Scottish 3rd Division.

    http://www.bbc.co.uk/sport/0/football/18422397


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  3. #2
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    Default Re: Rangers are Liquidated.

    WHAT!?!? This is a golden chance. Be called something different.

    Something like 'Glasgow Space Rangers.'


  4. #3
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    Default Re: Rangers are Liquidated.

    I'd personally go for 'The Glasgow Pissflaps FC'. No reason.


  5. #4
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    Default

    Let them back in the SPL, but only if they call themselves The Pope's Glasgow Shamrock O'Rangers.


  6. #5
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by Liaminho View Post
    WHAT!?!? This is a golden chance. Be called something different.

    Something like 'Glasgow Space Rangers.'
    I like that. Glasgow Rangers of Space, sounds better but anyone that adds the space word is good in my mind.

    Son i'm thirty, I only went with your mother cause she's dirty.

  7. #6
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    Default

    Quote Originally Posted by Alvar Hanso
    Let them back in the SPL, but only if they call themselves The Pope's Glasgow Shamrock O'Rangers.


    "Charlie don't surf for his hamburger momma!!"

  8. #7
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    Default Re: Rangers are Liquidated.

    Their Motto can be "To Infinity And Beyond".


  9. #8

    Default Re: Rangers are Liquidated.

    Quote Originally Posted by Liaminho View Post
    Their Motto can be "To Infinity And Beyond".
    That was the previous owner's motto, especially when asking the bank to extend the overdraft...


  10. #9
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    Default Re: Rangers are Liquidated.

    yes another great move from the hmrc,If rangers had gone into a cva at least the tax payer would of got a percentage back,now nothing..


  11. #10
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by Alex View Post
    That was the previous owner's motto, especially when asking the bank to extend the overdraft...



  12. #11
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by Alex View Post
    That was the previous owner's motto, especially when asking the bank to extend the overdraft...



  13. #12
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by jackylate View Post
    yes another great move from the hmrc,If rangers had gone into a cva at least the tax payer would of got a percentage back,now nothing..
    I'm sure the whole point of liquidation is that the creditors want more than the amount suggested in the CVA (which was 9pm in the pound, I believe). Essentially they want to get more than that back.

    Surely they have other avenues of reclaiming some money. This is a really basic issue, but I don't know how it works. Can anyone explain?


  14. #13
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by jackylate View Post
    yes another great move from the hmrc,If rangers had gone into a cva at least the tax payer would of got a percentage back,now nothing..
    They should get more than taht on liquidation.

    But the main point is that accepting such a low offer would have set a precedent.

    I fell in love with football as I was later to fall in love with women,. Suddenly, uncritically giving no thought to the pain it could bring. - Nick Hornby

  15. #14
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by alabamared View Post
    They should get more than taht on liquidation.
    Yeah but how? Where from?

    CVA is denied, Rangers FC sells its assets the new-co (for around £5.5 million) and then no longer exists . New club The Rangers FC is born.

    So, at what stage do the HMRC get any money back?


  16. #15
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by birkin youth View Post
    Yeah but how? Where from?

    CVA is denied, Rangers FC sells its assets the new-co (for around £5.5 million) and then no longer exists . New club The Rangers FC is born.

    So, at what stage do the HMRC get any money back?
    Doesn't work as simply as that the reciever will have answer to the creditors that he has got the best deal for the assets. If they are sold to a NEWCO then the cash raised (£5.5 Million?) will be divided among the creditors.

    It would be far more dangerous for the HMRC to accept such a low offer as it would send out a signal that you can avoid liquidation by offering 9P in the pound and get more time to asset strip and line their own pockets. A bit like the directors of Rover Group.


  17. #16
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    Default

    Quote Originally Posted by birkin youth

    Yeah but how? Where from?

    CVA is denied, Rangers FC sells its assets the new-co (for around £5.5 million) and then no longer exists . New club The Rangers FC is born.

    So, at what stage do the HMRC get any money back?
    What happens to that 5.5 mil does the taxman not get it?


  18. #17

    Default Re: Rangers are Liquidated.

    I's suggest they play in Orange...imagine the horror


  19. #18
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by Alvar Hanso View Post
    Let them back in the SPL, but only if they call themselves The Pope's Glasgow Shamrock O'Rangers.


    Could be something in this..

    Last Signing - Celik
    Last Owners - Green & Whyte


  20. #19
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    Default Re: Rangers are Liquidated.

    that massive stadium of theirs will look well out of place in the scottish third division if that's where they end up.
    rangers v east stirlingshire, that'll pullem' in!


  21. #20
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    Default Re: Rangers are Liquidated.

    They should be called Selltick


  22. #21
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by trent end loyal View Post
    that massive stadium of theirs will look well out of place in the scottish third division if that's where they end up.
    rangers v east stirlingshire, that'll pullem' in!
    No more out of place then Queens park playing at Hampden.


  23. #22
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by Liaminho View Post
    WHAT!?!? This is a golden chance. Be called something different.

    Something like 'Glasgow Space Rangers.'
    And new sponsors... 'to BT Infinity and beyond'


  24. #23
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    Default Re: Rangers are Liquidated.

    Trust me the creditors would get nothing,as soon as the administrators were called in at x amount per hour that money will be swallowed up.the small creditor will be left with just a bad experience.Im sure anything left over the bank have the first dibbs,thank the lord that the hmrc are just a normal creditor and not a preferred one as a few years ago..


  25. #24
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    Default

    "Rangers till I die" has been amended to "Rangers till July"...

    By "relegation battle", do you mean 7th, 12th or 14th?

    Quote Originally Posted by willojack View Post
    flagman do me a f***ing favour remove me from this forum

  26. #25
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    Default Re: Rangers are Liquidated.

    Quote Originally Posted by Flagman View Post
    "Rangers till I die" has been amended to "Rangers till July"...




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