Administration thread

[disgruntled_bear 157]

im a bit lost here so what happens if we meet the deadline? av got a guy on my facebook saying we could save millions ???

We "could" save Millions, now when the tax case verdict is dealt. We'll try to negotiate a pennies in the pounds deal.

[Thommo 708]

Onwards and upwards.

WATP.

[ClintonGrey 365]

So its still not a win really

It is a win because it means HMRC can't liquidate the club, only whyte can.

[EastEnclosureBear 2,916]

Not a nice feeling.

[Dan Deacon 55,070]

We have to pay HMRC expenses according to that Sulieman lassie, apparently we did not oppose this!!

Is that just the expenses from the last 2 days or the entire case?

[JM1872 3,702]

Rangers are now officially in administration and the league is over.

The league should be the last thing on our minds mate except for a Saturday afternoon.

[RFC55 108,475]

It is a win because it means HMRC can't liquidate the club, only whyte can.

which he may still do?

Whittaker and Shagger to be released? Could that happen?

[Turnberry18 3,204]

It's a question of revenue, they have debt in the range of less than 100% of their revenue.

They can have it underwritten more to the point.

[ClintonGrey 365]

Lord Menzies also ordered #Rangers to pay HMRC's expenses. The club didn't oppose this.

HMRC *court* expenses I assume and not actual expanses as that is a different case he has no authority over.

[wearethepeople1 3,897]

FUCK YOU DAVID MURRAY YOU CUNT

can't believe this

Feel like hooking somecunt

[debear 603]

I feel a bit sick.

[caseyjones 3,009]

What a fucking horrible day mate

Sure is. Hopefully things won't get any worse.

[The Monk 3,207]

Fuck sake why did have to come to this

[Turnberry18 3,204]

which he may still do?

Whittaker and Shagger to be released? Could that happen?

Yes

[lidorfc 6,665]

Never thought I'd see the day that our great club entered administration. Heart breaking

[JM1872 3,702]

We have to pay HMRC expenses according to that Sulieman lassie, apparently we did not oppose this!!

Is that just the expenses from the last 2 days or the entire case?

Last 2 days presumably.

[Senna 735]

We have to pay HMRC expenses according to that Sulieman lassie, apparently we did not oppose this!!

Is that just the expenses from the last 2 days or the entire case?

This will just be from their administration request only.

[keithgersbear 3,225]

It is a win because it means HMRC can't liquidate the club, only whyte can.

We will rise again!

[MartinGers93 388]

It is a win because it means HMRC can't liquidate the club, only whyte can.

Something like 70% of Craig Whyte's businesses have went into administration.

[dj_blitze 1]

Heart broken here

[Ger for life 199]

Is it not possible to do a deal with HMRC today and come out of Administration without a 10 point deduction?

[Weird_Beard 99]

As unsecured creditors unlikely to get much if any of their money regardless of the tax case outcome.

Doesn't this make it harder to get a CVA then?

[orange&blue92 1,284]

Fuck the leauge , there will be plenty more to come in future. Atleast whyte got the chance to pick admins n it wasnt HMRC because we would be out of the game.

NO SURRENDER!

WATP!

[GlasgowsBlue 329]

What happens now then lads?

[FernandoR20 2,133]

Does this mean we wont go out of buisness?!