Rangers into administration

[Teacake]

Rangers going busto and starting in Div 3 of the SFL wouldn't be the disaster that the media are trying to make out.

Another team takes Rangers place in SPL that wouldn't have been  in it.

A European place opens up for the next 3 years for the mid level SPL clubs.

Rangers coming through the leagues gives them 3 years to get their house in order and rebuild

and gives all the SFL teams at least a season with 2 Rangers home games and 2 trips to Ibrox  creating much needed income at the lower levels.

A TV deal for the SFL would almost certainly happen (SPL deal would probably be renegotiated at a lower level)

As Rod says Celtic would probably be impacted more than any other club but I'm sure we'll cope 

[Ironside]

If rangers are liquidated any phoenix team won't have ibrox teacake

[Rod Paradise]

If rangers are liquidated any phoenix team won't have ibrox teacake

They'd need to buy it obviously, but what other buyers will there be? Front of Main stand is a listed building, there is a big supermarket a few hundred yards away, it's not a great area where land is expensive or housing in demand....

In the end it's a good football ground but not much use otherwise. Rangers had it down as a near £100m asset AFAICR, but while that might be the rebuild value, it doesn't seem likely to be a sale value especially in event of a liquidation.

[Ironside]

just what a new team in the 4th tier of scottish football would need to do spending multi millions of pounds on a stadium lumbering them in crippling debts while they are unable to recoup much money for 4 or 5 seasons

[Rod Paradise]

You're assuming they'd be in the 4th tier - what's to stop them buying St Mirren or Dunfermline & taking their place in the SPL? Or QOS in Div1 (or 2 as looks likely)? And don't write off sheer f'in stubbornness on the support's part - they'd still get 20K+ gates, a lot of the time, add in cup ties etc. All depends what they have to spend, but if a businessman wants to get hold of the support & attach them to a newco Rangers, they need the ground anyone establishing that newco has to be in it longer term, not just for a quick buck, and make no mistake, there's money there to be made, but there will be a fair amount of up front spend to access it.

[henrik777]

Did Walter Smith know about, or benefit financially from,EBTs ? Ally McCoist? or indeed any of the other ex players, directors or hangers on who have plenty to say now ?

Sandy

[henrik777]

http://www.rangers.co.uk/staticFiles/fe/a8/0,,5~174334,00.pdf

That's quite a lot of money !!!

Sandy

[Ironside]

why is it that its mainly celtic fans that are asking question on here and everywhere else?

[henrik777]

why is it that its mainly celtic fans that are asking question on here and everywhere else?

Are you a celtic fan ?

Sandy

[Snowball]

why is it that its mainly celtic fans that are asking question on here and everywhere else?

and Aberdeen.You would think it would be Rangers fans that would be worried and maybe they wouldn't have got to this stage, strange one.

[Rod Paradise]

You're assuming they'd be in the 4th tier - what's to stop them buying St Mirren or Dunfermline & taking their place in the SPL? Or QOS in Div1 (or 2 as looks likely)? And don't write off sheer f'in stubbornness on the support's part - they'd still get 20K+ gates, a lot of the time, add in cup ties etc. All depends what they have to spend, but if a businessman wants to get hold of the support & attach them to a newco Rangers, they need the ground anyone establishing that newco has to be in it longer term, not just for a quick buck, and make no mistake, there's money there to be made, but there will be a fair amount of up front spend to access it.

Shouldn't say I told you so, but the news that Whyte's lawyer was looking over the St Mirren books as part of a proposed consortium buyout of St. Mirren before RFC went into administration brought a wry smile to my face.

I'm actually wondering how much Whyte would have got away with if it hadn't been for the early Euro exits & those pesky inquisitive Celtic Fans.

[henrik777]

Blue Knights withdraw.

http://news.stv.tv/scotland/west-central/303643-blue-knights-withdraw-bid-for-rangers/

Sandy

[Teacake]

Looks like they're walking away

[Snowball]

Monday could be gg gtfo time.

[henrik777]

http://news.stv.tv/scotland/west-central/304252-rangers-crisis-american-bill-millers-bid-statement-in-full/?utm_source=twitterfeed&utm_medium=twitter

Somehow the administrators say this bid is credible.

However his statement says

Facts about my bid:

"Of the three qualified bidders, I am the only bidder who refused to entertain offers from Ticketus or engage in discussions with Craig Whyte."


Craig Whyte is the majority share holder and controls most assets. How can a bid be credible without his agreement ?

Sandy