PaulRFC1

We would sell Murray Park if it got really bad IMO.

Basically. Is it good or bad news? What happens if the debt gets waived or converted to equity? Is it good or bad that all the debt has went to Whytes company? It would be good if you could exlain this a little simpler as I have no clue about all this stuff.

No its not. Thats what the new tactical defending does. It takes out the pressure abuse.

Fifa 12 (9/10) Thought the demo was brilliant. The tackling is superb, its actually tactical and makes you think. The people who cant get used to it will dislike it but it actually takes skill this time and is a great step forward. Pes 12 (8/10) So far so good. Dribbling is much like older an pes but its still hard to defend. Feels as if it is going in the right direction.

He doesnt.

I have no idea, probably whats been reported in some link. They are confidential tho. I reckon he is on a good wage but there is no way Whittaker is on 28k a week, it would be suicide for us. We will get about 4 million max for the guy. It was reported Whittaker got a new 20k a week deal, Davis got a 25k a week one and Shagger got a 26k a week one. That makes much more sense even tho Whittaker still gets too much.

Whittaker does not earn 28k a week I could care less if some reporter says that, he simply doesnt earn that. He will earn around 20k a week. And players wages are confidential things, how would he know?

Aye the defending is very hard to start with. Its all about timing and positioning and you cant just hold in a anymore and tackle. It makes it feel much more realistic tho.

The demo is immense. Actually takes skill now.

I think including staff and players it would probably be around 23million.

Aye true. Im mainly talking about the player wage bill tho. There is no way it is 21million like the article states.

If you read the article you will see it only states the player wage bill.

Surely there is more to it than that. 20k a week = 1million a year.

I certainly didn't see that.

I severely doubt that. I will bring you to an original post of mine which we would need to have a playing staff of 21million. And then look at our squad and you will see there is no way we have that sort of wage structure. Quite simply I will not believe it until Whyte comes at and specifically states our wage bill is that high.

Right. Whyte said we need to take the wage bill down to 14 or 15million by next year. He never said a we need to cut 7million. If we got rid of Beattie, Weir, McCulloch, Papac and Healy that would clear up around 2million in wages and then we bring through youth such as Perry, Hemmings, McMillan and Ness to replace them. This makes sense. There is simply no way we have a player wage bill of 21million, more likely to be around 17million.

At least he hasnt got the 1.3million. Does this basically mean this case is over and he got 450k instead of 1.3million?

10 im sure.

He says its not neccesary but he doesnt rule it out. Im not really bothered about that tbh.

His answers are complete shite. Q Is it possible the current owners could settle the HMRC debt? A The big problem there is that there is a lot of distrust on both sides. I think the current owners had plenty of opportunities to deal with this properly and commercially. In my opinion they have not adopted the proper approach and are now paying the price for it. Q Will Rangers exist in a year? A With the correct management and support which is readily available it could be. Without that, no — and I don't believe it has got that at the moment. How would he know that? and why would we try and settle the HMRC debt when we feel we can win the case and we havent even been given a bill. And Rangers wont exist in a year? Whyte admitted we had huge assets(80million in assets)and guaranteed we would not go under. I posted it up here to let people see this guys opinion but I think its bullshit and its not because its not what im wanting to hear.

TOP insolvency adviser Michael Lord-Castle answers the questions Rangers fans are asking. Q What will happen if Rangers cannot pay their tax bills? A Football is different to any other business in the UK. If this was a normal company the Inland Revenue would issue winding up proceedings immediately. As it is football they tend not to do this and try to reach an agreed settlement. Q What could the settlement be? A Inland Revenue could take a share in the club or it could be that they accept third party funds and subrogate the debt. That means another party comes in and for the £50million, they give the HMRC £15million to £20million to take no further proceedings. The debt would become the third party's but the pressure would be off Rangers. That is the easy route out of this for HMRC. Q Who would come in with that money? A There are three types of person. One who has a genuine passion for the club and has the funds available and also the business acumen. The second are outside investors who have lots of money and get a kick out of owning a football club. The final type are those people who can see an opportunity to asset strip the business and are able to sell players and look at the property and turn it around. There are many financial incentives for business men to do that. Q What would asset stripping mean? A The club, the players and the land is sold off and developed for residential or commercial use and there's no football club. It is the worst-case scenario. Q Is it possible the current owners could settle the HMRC debt? A The big problem there is that there is a lot of distrust on both sides. I think the current owners had plenty of opportunities to deal with this properly and commercially. In my opinion they have not adopted the proper approach and are now paying the price for it. Q Will Rangers exist in a year? A With the correct management and support which is readily available it could be. Without that, no — and I don't believe it has got that at the moment. Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/3810704/40million-Rangers-fear.html#ixzz1XnhU62zu

RANGERS may be forced into ADMINISTRATION if they can't pay a £40million tax bill. In a stunning admission, owner Craig Whyte said the move "might be what's necessary". The new Ibrox supremo told a press conference the 138-year-old club was preparing for a doomsday scenario when quizzed over the potential bill of up to £40million relating to player payments between 1999 and 2003. But he refused to say for sure if administration would happen — and vowed Gers would "come back stronger". When asked if the SPL champs may have to look at administration to get their finances back on track, the 40-year-old tycoon said: "I'm not going to speculate on what may or may not happen. "Sometimes you need to take a step back before you can move forward. "And that might be what's necessary at some point. But Rangers will come out of it stronger, whatever happens. I can assure everybody that, whatever happens in that case, in the worst-case scenario, Rangers will still be here." Whyte also insisted he was the man to drive Gers out of the cash crisis after taking over in May. He said: "I didn't buy the club to see it fail. The important thing is Rangers are still here at Ibrox challenging for trophies — no matter what. That's what I can guarantee." Rangers are embroiled in a tribunal with Her Majesty's Revenue and Customs — to take place in November — over the £40million claims. It is also alleged the Light Blues owe HMRC £2.8million in an unpaid tax bill, as we revealed this month. Whyte warned fans they face years of PAIN as he tries to rebuild the cash-strapped club. He claims he was left gobsmacked at the "mess" the Ibrox club's finances were left in by Sir David Murray when he seized control in May. And he said the SPL champs' future depended on the outcome of a tax tribunal — which could land them with a bill of up to £40MILLION if they lose. He spoke out as fears grew last night that a defeat at the hearing in November could force the 138-year-old institution into administration. Venture capitalist Whyte said there would be NO miracle financial recovery as the Ibrox outfit tried to balance the books. He admitted the club did have huge assets including Ibrox itself — but insisted he'd no plans to flog the stadium. Whyte, 40, said: "It will be extremely tough. There are different scales of pain, but there is going to be pain. "What's important is that the Rangers fans get behind the manager Ally McCoist and the team on the park. We'll still be challenging for trophies. We need to run a business which can fit with its costs. "We must get our costs closer to our income. "We've tough times ahead. But we're going to be stronger when we come out of it. In the long-term I hope my legacy is being the man who got the club on a sound financial footing. It's very far from that right now." And in an astonishing attack Mr Whyte laid the blame for the perilous money woes firmly at the door of ex-supremo Murray. Whyte said: "We have inherited a mess from the previous management and there are a lot of issues we are working through just now. I think the main thing is that people have to get real. We are stuck in Scottish football here. "Our costs are significantly more than the income we are bringing in, in Scottish football.That has to be dealt with, we have to have a reality check. "We have got to get to the stage where we at least break even and live within our means. We are very far from being there at the moment." He said of the HMRC tax hearing in November: "We think we will win the case. But if we don't, it will be dealt with. Rangers will still be here. "Rangers will still be playing at Ibrox and still moving forward. That was always going to be the case. "Obviously we're looking at all the financial aspects of the club on a continual basis. "We're looking at the balance sheet, we're looking at ways to restructure the business, with regard to cost savings, the HMRC case and what have you. But I'm not going to get into it at the moment, what form that might take." He also refused to say whether predecessor Murray would be financially culpable for the HMRC debt. He added: "I am not going to go into confidential agreements that I have got with the previous owner. There is a plan for dealing with a worst-case scenario. There always was, we were always aware of the worst-case scenario and there was a plan for dealing with it." Whyte spoke out after Rangers were last week hit by fresh papers served by HMRC chiefs bidding to recover a separate tax charge of £2.8million. Tax officials also ring-fenced cash in the club's bank accounts. Whyte also pleaded for patience from fans, adding: "There's a big job to be done here in sorting this out as a business. "The only difference with this one is that you're doing it in the public spotlight. We've got a tough job to do, we've got a financial mess to clear up and that's exactly what I'm doing." Last night fans' groups urged Whyte to hold talks with them. A Rangers Supporters' Trust spokesman said: "The financial position is just one of half a dozen issues we want to discuss. Most of us are just waiting to see what Craig Whyte is going to do." But he added: "The majority of supporters are grateful to him for rescuing Rangers from the hands of Lloyds Bank and David Murray." The club's financial state is a far cry from the days when they splashed out millions on top stars including Tore Andre Flo for a record £12million in 2000. But they still have huge assets valued in last year's financial report at £118million. As well as Ibrox, these include training facility Murray Park, at Milngavie, near Glasgow, which cost £14million to build. And among the players are keeper Allan McGregor, linked with £5million moves to Arsenal and Aston Villa in the past, and striker Nikica Jelavic, valued at £9million in the transfer window. Even their replicas of famous trophies like the 1973 European Cup-Winners' Cup and the 1996/97 league trophy — which symbolised the historic Nine In A Row titles achievement — could stump up much-needed dosh. Football memorabilia expert Chris Williams said: "They could get around £10,000 for the Nine In A Row one." Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/3810704/40million-Rangers-fear.html#ixzz1XnhA5tEC

CRAIG WHYTE last night hit back at Peter Lawwell for his Nikica Jelavic jibe — insisting that the Celtic chief lacked DIGNITY. Lawwell took a swipe at Rangers last week after Ibrox sources claimed they'd rejected a whopping £9million for hitman Jela. Lawwell joked: "Last night we got a £29m offer for Gary Hooper, from an unknown agent, from an unknown club, from another universe." Ally McCoist refused to respond to the comments. Gers chairman Whyte bristled when asked about it — and insisted Lawwell was out of order. He said: "I like to think I would be more dignified than to make jokes about what's happening on the other side of town and maybe they should be too." In an exclusive SunSport interview Whyte insists the bid to land Jelavic was never a goer — as Gers wouldn't have had time to sign a replacement. Whyte added: "It was the timing of it which was bad. Had a bid come in earlier in the transfer window — allowing us time to go and bring a replacement in — then it might have been a different decision. "The fact it came so late, on the last day when there was no chance of bringing someone else in, made it a non-starter. "It's not an area where the manager has lots of players. "That's why it would have been impossible to do it. Clearly if we get high bids in for players we'll look at them. "If we've got a business decision to make then we'll make it. "The reaction to the Jelavic bid showed me we can't do anything right in some people's eyes. Even something positive — like us keeping one of our best players — was turned into a negative. All we can do is get on with running the club and make the decisions we need to make. "Maybe then we'll be judged in the long term. "There will be some short term decisions which will be difficult, but over the long term I believe we'll come out stronger." Gers are facing a whopping tax bill which could run to £50m — and Whyte has confessed he could be forced to sell his biggest stars in January. He said: "It's not the case we will necessarily need to but we might make that decision. "I'm certainly not going to rule that out." Whyte was hit with criticism for failing to help gaffer McCoist in the transfer market. He admits that he DID make mistakes during the summer window. He added: "Part of the problem was I didn't get in here until May. "Had things happened quicker we might have been able to put more in place. "Mistakes were made. By January, and certainly next July and August, we'll be much more organised in what we're doing." Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/3810937/Whyte-fury-at-Lawwell-jibe.html#ixzz1Xng7bPyb

CRAIG WHYTE describes himself as a turnaround expert. Had he been buying any football club other than Rangers that's exactly what he'd have done. Turned around... and walked the other way. Whyte, 40, is now four months into his Ibrox reign and knows things are not looking good. The government insists tax doesn't have to be taxing. But try telling that to Rangers fans all around the world terrified over the club's future. Whyte feels their pain, insisting he's one of them. He knew dark days lay ahead when he was in discussions to buy the club from Sir David Murray. The situation looked so bleak he's now admitted he would have never have gone ahead with the deal for any other business. Whyte told SunSport: "I'm going to have some tough decisions to make in the weeks and months ahead. "But the fact is I bought control of the club because I'm a Rangers fan and I want the best for it. "I know there are some really tough days ahead. "But then I knew at the time of the takeover that the tax bill was a potential problem. "I decided to plough on anyway. "I did that because I'm a Rangers fan. "To be honest, had I put the sensible business head on I probably wouldn't have done it. But I felt I could essentially save the club. "Let's face it, this is a turnaround deal which is what I do, albeit this one is very different from previous deals I've been involved in because I'm in the public spotlight all the time now. But it's no different from the fundamental issues which need to be addressed. "The truth is, had it just been any other business — or any other football club for that matter — I wouldn't have touched it. Definitely not. "The tax issue is a big issue. There are a lot of historic issues here which need to be dealt with. A lot of deals done in the past several years which are not great for the club — but we're stuck with them. Basically there is a mess to sort out. "I get people calling me up every day asking if we're going out of business. I've heard we're never going to play another match and things like that. It's all absolute nonsense." Half the problem is that many people believe it's all smoke and mirrors with Whyte. A man without substance. That he's taken charge of Rangers purely and simply as a money-making exercise — because he doesn't have any. Other than him printing off his own bank statement and showing it to the world, hard facts are hard to come by where his personal wealth is concerned. But for what it's worth Whyte insists he DOES have the cash to take Rangers where their supporters want to go. Leaning back on his chair in the manager's office at Ibrox, shaking his head, he added: "It's all a bit absurd. "How could I be sitting here if I didn't have the money? It's just ridiculous. Maybe I'm not Roman Abramovich but I never said I was. "I have never claimed to have that kind of wealth. Some of the comments flying around are just crazy. "To be honest I don't read most of the c*** which is online in particular. "But last week, when I was subject to constant criticism, it's not pleasant. Listen, I cannot complain about that because I put myself in this position. "I knew this was going to be a high profile role so I can't complain about it." What cannot be pinned on Whyte is the financial mess Rangers currently finds itself in. That's down to the previous regime, on Sir David Murray's watch. Was there mismanagement during that time? Whyte nods his head and insists that there was. He added: "Yes, I think that's fair comment. I can see reasons why certain things were done. Things were done to bring in more money quickly. "But the club is paying the price of that now. "Have I been shocked by what I've found. Yes, there have been some shocking things which have been uncovered. Absolutely, yes." With Ally McCoist as manager Whyte insists they are in good hands arguably where it matters most — on the pitch. He added: "I have a great relationship with Ally. We talk all the time and get on really well together. "Generally we agree on everything that needs to be done. "What people see in public with Ally is pretty much what you get from him behind closed doors. "He's a Rangers legend and I enjoy sitting with him after a game with a glass of wine. We talk about all sorts of things. "The closer you get to someone the more you get to know them and find out more there is to know. But we have a great relationship. "We're sitting at the top of the league at the moment. We'll see how Sunday goes but the manager and his team are confident of getting a good result. "But I think we've got a team more than good enough to win the SPL." Despite the troubles Rangers face Whyte is convinced the storm clouds will soon disperse. For the time being he's trying to focus on Rangers' next match — which just happens to be Sunday's Old Firm crunch with Celtic. He added: "I'm looking forward to the game but then who wouldn't enjoy it? "Maybe you should come back and see me afterwards, at the end of the match, and ask if I have enjoyed it. "But hopefully I'll be saying the same thing. "What I've found is that you can't enjoy the games in the same way as you did as a fan. You can never really relax and enjoy it. "I'm looking forward to Sunday. It's obviously the biggest game of the season domestically. And I plan to enjoy every minute of it." Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/3810811/Gers-supremo-on-turmoil-at-Ibrox.html#ixzz1XneR4nt1 Any interview he has done I have been really impressed with.

Simply put, they have got this wrong. There will be a wage cut with younger players coming in but by no means will we cut 7million of our wage bill. Add it up and then tell me you believe it.