Rangers Football Club going into administration
Not that many football fans on here, but Rangers have apparently lodged papers to appoint an administrator. Never good to see a football club going out of business, especially one of the biggest and most successful clubs in the country.Posted 6 years ago
Yup, the rumours are that the tax case verdict was due, so it looks like its gone in favour of HMRC. The way the club is set up, it might allow them to ditch the debt that will be owed and start again. All very dodgy and a great shame. That said, clubs shouldn’t be trying to avoid paying their taxes in the first place!Posted 6 years ago
Yup, 10 point deduction as soon as they go into administration, which will happen in the next 5 days if they intend to go through with it, rather than this just being preparation for losing the tax case.
I think the way the chairman had it set up is that he is the sole preferred creditor (is that the right phrase?), so HMRC would only get a % of whats left, if they’re able to go down that route.Posted 6 years ago
Why? They’re businesses now and run, or should be run, like any other business. If they are mis-managed, they fail. Not hard, is it?
Because its not the fans or the staff who work at the clubs fault. Its the money men and the guys in suits. Their decisions will have caused hundreds of people to lose their jobs and hundreds of fans to lose possibly lose the club they love.Posted 6 years agoonehundredthidiotMember
Surely they should be forced to sell their assets in order to pay creditors.
Maybe football clubs will start paying what they can afford. I feel that the Scottish clubs would still bring in money if even without the big names (pay packets). OK so europe would be off the cards and TV royalties but is that what the die hard fans want?Posted 6 years agoprojectMember
Whats the diference between woolworths, Peacocks,Ponden mill,Powerhouse,Jane Norman, Oddbins,MFI, Focus diy and lots more high street shops gouing bust as opposed to some football club.
Answer the staff get paid considerably more for a lot less effort and actual hours worked, a lot more will be following them soon, football clubs that is.
Lots of nice prime sites easily deveoped by the supermarkets or out of town shopping centres.Posted 6 years ago
10 points deduction means they drop to er, 2nd place in the league and still 9 points clear of 3rd.
I’m sure whilst many celtic fans will be laughing at the misfortune of rangers it’s a poor way to win the league.Posted 6 years ago
aye and cheating their way to league wins with the tax mans money is much more dignified eh…CaptJonMember
Pompey fan here. Really feel for Rangers fans. It is a sad day when it looks like the club you love could cease to exist.
It is even more galling in the week after Redknapp was let off for his tax dodge and is lauded all over the place as the saviour of England. He wasn’t solely to blame, but he played a big part in getting PFC into the financial position we’re in today.Posted 6 years ago
Sad day indeed. This has been hanging over us for a very long time now, and was inevitable, tbh. It looks as if the new owner is trying to guide the club through the carnage left by the previous regime avoiding any fatal damage. Hopefully, he knows what he is doing, and we come out the other side a healthier, more well managed club.
Seosamh77, have your day, We’ll be back. 😉Posted 6 years agoprojectMember
Pompey players were throwing their shirts into the crowd to thank the fans, they haven’t been payed for 2 months, and had to pay for the shirts themselves as the club couldn’t afford them. The support actually means something to a lot of the players.
Who would want a sweaty, mud covered shirt, worn by some player for an hour and half.
Why didnt they wash them and donate them to to some street sleeper, to keep warm.Posted 6 years ago
Ho hum – Member
If it was set up by Murray then hopefully HRMC will chase him for the balance of any tax owed.
POSTED 3 MINUTES AGO # REPORT-POSTNo chance, the debt is solely rangers fc’s. Sounding like they are about 100m in debt all in total from my calculations.. The death knell is on the cards. Basically this announcement is their last ditch attempt at a negotiation with the tax man, who is refusing to budge. This is more or less an admission that the tax case is lost if you ask me, and they can’t pay that bill. I’d also be surprised if the tax man budges, as for them I don’t think this is about rangers. It’s a test case and all about setting a precedent to go after English teams for a much bigger pot.
Pure conjecture on my part, but that’s my sense of it all.
Fc rangers will be coming to a ground near you soon enough.Posted 6 years ago
The option of a using a phoenix company may come to pass if it really does go all tits up in a worst case scenario. In that case you’d just have hope that the rest of the SPL arent short sighted enough to block re-entry to the league. If the club were to disappear totally it would have major implications for the rest of the league.Posted 6 years ago
The option of a using a phoenix company may come to pass if it really does go all tits up in a worst case scenario. In that case you’d just have hope that the rest of the SPL arent short sighted enough to block re-entry to the league. If the club were to disappear totally it would have major implications for the rest of the league.
Yip, more teams will go bust not a bad thing if you ask me. The arms race that rangers started is unsustainable and getting more so as time goes by. IMO it is probably best that the whole thing does go tits up. Yes it’s staring into the abyss, but come on its hardly great at the moment. Let the cards come tumbling down and reorganise with what’s left. (which will include rangers in whatever form, I’d make them work their way up just for laughs)Posted 6 years ago
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