Eastcoast Al

The administrators remit is to get the best value for the creditors not what is best for the club in the long run. They will not take into account fans perceived approval or disapproval of any bid that is tabled. In an ideal world there would be transparency from prospective owners, but in reality they are not obligated to do so and if they decide to tell us nothing we will have to live with it and the endless speculation from newspapers and forums will continue to fill that particular vacuum.

Has it been established that it was Ticketus money that was used to pay Lloyds? If it was getting them in board could prevent protracted court cases for ownership of the assets, they could argue that since it was their £18 mill they have a legitimate claim. Not saying they would win but no company is going to walk away without a fight. Which we can well do without as we try to move on from this.

Our wage bill short term is an issue if it was not for the players accepting short term reductions in wages we were losing £1 million a month and could not guarantee completing our fixtures without major redundancies. We need to start balancing the books, to think any potential investor will sustain these losses is absurd.

Thanks, could be why he thinks he's a bloody expert on the matter.

Was Nevin still at Motherwell when they went into administration?

I shall tell you when we come out of it, a tad premature to assume everything is rosie in the garden. But having said that the players really must be applauded for their sacrifices at this difficult time.

The wee tax case had funds ring fenced by the court and Duff and Phelps paid it. The 9 mill / 15 mill PAYE is since Whyte took over. HMRC are going for the full 3.6 mill as are others so that is why it is in court the Judge will decide who gets what or that is my understanding.

Being in admin through PAYE non-payments is an irrelevance, we are out of Europe for not posting audited accounts, CW said this could not be done because of the big tax case ( but SDM managed it for three years). CW has made a career out of being a shite owner and killing companies, apart from the odd roofing firm or directors ban he has so far avoided being held to account through the court for most of that time. Don't see it ever happening.

It has widely been accepted the Ticketus money paid off Llyods, to think they would just walk away without a fight is naive. They could be dragging us through the courts for years to come laying claim to be the rightful owner. This might be they only way to avoid a costly legal battle with them and to allow a speedy takeover to proceed. Then again it is the record so there may not be a grain of truth in it.

That is what the Administrator seems to be suggesting.

It is just the same as 50k fine from the Plus Exchange with not declaring that Whyte had been band as a director. It was the club that failed to submit the correct information at the time and will ultimately held to account.

DK reported that administrators have said there is no evidence Whyte has claim of the floating charge over club debts, who would have the floating charge then? HMRC or Ticketus probably. I can see the courts getting very busy over this if true.

Not going to happen. Yet another pointless thread on the matter.

Danny Boyle's next time related blockbuster?

We should wait till the official announcement tomorrow before posting information that can not be validated.

Why the assumption that the FA or any of their member clubs would be willing to accept us? The SPL or SFL are the only concrete options available and The club should look only at those rather than wasting time, money and effort that will in all probability be a fruitless exercise.

That is what I said in the third paragraph is it not? No I'm not a fan of Whyte, just my take on the situation.

We would have ended in administration if the big tax case went against us no matter who was in charge. This would have given Whyte the perfect excuse to lay the full blame at the door of the big bad HMRC and with the fact of it being a SDM legacy issue, he would have walked away relatively unscathed. Whyte gambled on European revenue to provide working capital until such times that the decision in the big tax case was announced, when this funding did not materialise it showed him up for the charlatan he is. It was the lack of working capital that lead to non-payment of PAYE and NI that has forced his hand early to take us into administration. Whyte stated his intent to delist rangers from the stock exchange next year, well if this goes horribly wrong, he might not have to wait that long.

It could lead to long running legal battles and appeals that leave us no further forward until they are settled if this is turns out be be true.

I think it is the case that the name of the club and copyrights are owned by the club and therefore will be seen as just another asset that can be sold to raise funds in order to pay creditors. So the name could be bought in this manner. I'm not so sure on "buying History" bit because in my opinion it is our history and non-transferable, if this is the case what is to stop East Fife putting in the highest bid for these and all of a sudden having legal claim to all our achievements.

The rules for going into administration were in place at the start of the season ( deduction of 10 points ) so this is fair and just. No other penalties or punishments have been applied to the club nor can there be. The rules for obtaining a European licence were also in place at the start of the season and if by the end of the month we are still in administration or have failed to lodge audit accounts as required and a licence is withheld, this will also be fair and just. I fail to see any other penalties the club has had (or are likely to have) given our current situation. Whatever way we come out of administration will determine if further penalties will apply, and until such times as this actually happens this is only idle speculation.

Why is it that I am not really surprised by this any more.

Also wish her all the best let's hope that others are as fortunate and pick something up soon. I have never had to deal with the public in my job, but could imagine it is a thankless task.

It is a replended piece of headwear which many would fail to pull of with such style, however, to clarify I take it jock was the last out field player to adopt this style of headdress, as over the years I have seen many a goal keepers reaching for the bunnet or the more vulgar and common modern equivalent the peeked cap. .

So the English FA has invited us to join or are likely to in the near future? European law can not force Rangers entry, the FA would argue why should we take in a Scottish Club to the detriment of our existing members? Why are the Northern Irish FA or the Welsh FA not being asked to accept them in?