Administration thread

[Madina 3,808]

Portsmouth are a unique case in that they got new owners literally 5 times who all fucked off and left them with nothing.

Here's hoping Whyte won't do the same to us then

[Weird_Beard 99]

Imagine we won the league?

[Scott-RFC 308]

SSN describing Davie Provan as a Rangers man is probably as close to a smile Ill get today

[FernandoR20 2,133]

Big difference between a two bit mob like Livingston, and the famous Glasgow Rangers, one of the biggest clubs in the world, utterly depressing

Im conparing it in the way they have picked themselves up, if they can do it, then we certainly can.

[Turnberry18 3,204]

Brian Swanson is a wank.

Is that him on Sky who seems distraught it's only 10 points?

[will_1974 204]

Which in a nutshell means that they will receive a fraction of what they expected to RE any tax bill, yes?

If anything at all, whyte holds the floating charge and is the No.1 creditor. He is holding the better cards.

[ClintonGrey 365]

Player contracts are still to be upheld as secure creditors, the worst that could happen is selling them off with special dispensation or releasing those with a year to go on mutual termination deals.

The former is unlikely due to Whyte appointing administrators, the latter is pretty likely.

[trueblue68 2,497]

One of the saddest days of my life. Totally devastated. What happens with the tax case now? Is this going to push us into oblivion

[TeamHero 62]

Speechless. Lump in my throat.

Glad we're still here but doesn't soften the blow that the ginger rhat bastard is going to lift the title.

[lau03143 84]

We must be fucked if the court has appointed the administrator.

I honestly believe liquidation of the club will be the outcome here. No amount of money raised in ticket sales is going to solve this one.

[Cooper230395 2]

From recent media report;

"HMRC said its representatives were on their way to the court to appoint an administrator on Monday when they found out that Rangers had made their move"

It's not all Timmy on the 'inside'

[MartinGers93 388]

Wish I could give you them, but I've only heard second hand sources saying this.

Tbh I don't think there is many or any at all but total respect to the man if he gets us out this mess.

[andy500 463]

Is that him on Sky who seems distraught it's only 10 points?

Aye. He's fucking raging.

Saying 'If it were you or I who never paid our taxes, we'd get much worse!' and 'It's ONLY 10 points.'

Dirty bastard.

[Rusty! 1]

Hi chaps, I'm from Portsmouth so quite well versed in this admin lark, so anyone has any questions on what to expect from this mess, I might be able to shed light.

[ClintonGrey 365]

From recent media report;

"HMRC said its representatives were on their way to the court to appoint an administrator on Monday when they found out that Rangers had made their move"

It's not all Timmy on the 'inside'

Honestly, from a financial point of view, this was a fucking masterstroke of epic proportions from Whyte. It's not often you outwit Her Majesty's Finest.

[Clemdog 39,389]

Not entirely, he's one of our major assets. But, it isn't as cut and dry as that.

That's true, it's impossible to say I suppose. We have to be left with a team to play with. I'd say that Naismith is probably the player Ally would most likely want to keep on to.

Hard to tell whom will go. Can we sign players on new contracts? Like in the Summer, if we are still in Admin, extend Aluko's?

[Guest]

We must be fucked if the court has appointed the administrator.

I honestly believe liquidation of the club will be the outcome here. No amount of money raised in ticket sales is going to solve this one.

Fuck you on aboot whyte appointed the administrators

[disgruntled_bear 157]

Player contracts are still to be upheld as secure creditors, the worst that could happen is selling them off with special dispensation or releasing those with a year to go on mutual termination deals.

The former is unlikely due to Whyte appointing administrators, the latter is pretty likely.

First thing that will go will be our youth team set up including staff, to cut cost. That's always the first thing that goes in these situations. Our first team players will still be hear until the window reopens. Cause they're all considered valuable assets that can be sold on if needed.

[StuartM6 279]

Charles paterson you wanker.

I wish the PFA and everyone else would leave us alone. Stop putting things into the players heads.

This is unbearable

[Misteral 2,932]

It is a sad sad day but we are in a better postion than this morning. The way things were administration was the ONLY option. We have to accept that and hope CW does what is best for the club as he has always stated he would.

If the tarriers win the league by 9 points we can at least look them in the eye and ask them how their hollow victory feels.

WATP and No Surrender

[JTP 221]

We must be fucked if the court has appointed the administrator.

I honestly believe liquidation of the club will be the outcome here. No amount of money raised in ticket sales is going to solve this one.

Wrong.

[ClintonGrey 365]

That's true, it's impossible to say I suppose. We have to be left with a team to play with. I'd say that Naismith is probably the player Ally would most likely want to keep on to.

Hard to tell whom will go. Can we sign players on new contracts? Like in the Summer, if we are still in Admin, extend Aluko's?

We can extend contracts if the major secured creditors agree we can, as Craig Whyte will be the only secured creditor (which is the genius of this) we are in a good position.

[disgruntled_bear 157]

That's true, it's impossible to say I suppose. We have to be left with a team to play with. I'd say that Naismith is probably the player Ally would most likely want to keep on to.

Hard to tell whom will go. Can we sign players on new contracts? Like in the Summer, if we are still in Admin, extend Aluko's?

Portsmouth managed to offer contracts, but. Aluko himself is more than likely to leave.

[ClintonGrey 365]

First thing that will go will be our youth team set up including staff, to cut cost. That's always the first thing that goes in these situations. Our first team players will still be hear until the window reopens. Cause they're all considered valuable assets that can be sold on if needed.

The reason non first team players and staff are the first to go is because they all generally have mutual release clauses in their contracts for just this kind of situation.

[The Godfather 71,874]

We must be fucked if the court has appointed the administrator.

I honestly believe liquidation of the club will be the outcome here. No amount of money raised in ticket sales is going to solve this one.

The court allowed Rangers to appoint their own admin guys...