Rangers Lady 2,380 Posted February 28, 2012 Share Posted February 28, 2012 You may be right there, but look at the majority's reaction at just going into administration, liquidation will not be tolerated by a lot of fans, even if it is outwith their control.CW's "more pain to come" statement does suggest it is inevitable!Paint as bleak a picture possible.Then when good times creep back win our confidence back..Politicians do it all the time.Tories said they didn't expect things were going to be as bad after Brown bankrupted the country.They forecast untold doom, Now with every slight concession they give it gets them points. Quote Link to post Share on other sites More sharing options...
Rangers Lady 2,380 Posted February 28, 2012 Share Posted February 28, 2012 nay laddie nay if we go into liquidation the insolvancy company then sells the assets to the highest bidder it could be a building company for instanceStadium and Murray Park cannot be touched Quote Link to post Share on other sites More sharing options...
hemdale1873 167 Posted February 28, 2012 Share Posted February 28, 2012 I'm going to be bold here and say I think whyte knows what he is doing. I also think that he will sell us on at a profit debt free! He will have played the whole system brilliantly if he gets away with it, also saving our beloved club from a certain demise he will feel like the whyte knight again. I look forward to people shooting me down but I have read alot into the situation and that's the only thing I see happening.The only way we could get out of this debt free is to be liquidated. A c.v.a would saddle the club with debt for years to come. Someone could mount a takeover but tbh who would buy the club if we lost the tax case it could well be £70m in debt by then.No offence but see these people that think Whyte has some kind of master plan in mind they defy belief, how is adding a pile of debt on top of any potential tax bill a great way to run a club.Whyte does have a plan and its not good for Rangers if we get liqudated he then owns Murray park and Ibrox, then he either sells it back to us or rents it back either way he gets a pile of money for only a £1 outlay. Quote Link to post Share on other sites More sharing options...
trueblueal 2,117 Posted February 28, 2012 Share Posted February 28, 2012 I thought the preferred creditors were paid back first by the sale of the assets. In this case the preferred creditor being whyte and his debt secured against these assets. Couldn't he aquire the assets in lieu of his money therefore essentially buying rangers for 18m plus a quid? And even then the 18m wasn't really his money either? Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted February 28, 2012 Share Posted February 28, 2012 Liquidation is exactly what he's after. Wipes the debt, wipes the tax case and whyte gets the stadium and training ground for the new co which he can start on a wage bill more suited to Scottish football. And of course he can sell for a tidy profit. I think this is his masterplan I just happen to think it's immoral and embarrassingAnd high risk. What would happen if the new season starts and then the club is liquidated and Rangers have to cancel 3o odd fixtures and all sorts of sponsorship deals ripped up. The SPL would tell the New Co to fuck off forever. Far to many things have to fall in to place for that masterplan to work. Plus all the investigations and legal challenges. High risk. Quote Link to post Share on other sites More sharing options...
pcbear 10,932 Posted February 28, 2012 Share Posted February 28, 2012 Whats the punishment for liquidation?banned from Europe for years?points deducted for so many seasons?i remember reading something the other day that made me think this is not the road we want to tread, and the man that put us in this situation, stays silent, we are in some fuckin nick atm. Quote Link to post Share on other sites More sharing options...
thebooler 4,509 Posted February 28, 2012 Share Posted February 28, 2012 I'm going to be bold here and say I think whyte knows what he is doing. I also think that he will sell us on at a profit debt free! He will have played the whole system brilliantly if he gets away with it, also saving our beloved club from a certain demise he will feel like the whyte knight again. I look forward to people shooting me down but I have read alot into the situation and that's the only thing I see happening.I've always thought this and I've said it many times on here over the past week or so. Quote Link to post Share on other sites More sharing options...
Rangers Lady 2,380 Posted February 28, 2012 Share Posted February 28, 2012 The higher the risk the greater the reward. ..No doubt that Whyte has little fear of reprisals if his plan works Quote Link to post Share on other sites More sharing options...
trueblueal 2,117 Posted February 28, 2012 Share Posted February 28, 2012 I thought the preferred creditors were paid back first by the sale of the assets. In this case the preferred creditor being whyte and his debt secured against these assets. Couldn't he aquire the assets in lieu of his money therefore essentially buying rangers for 18m plus a quid? And even then the 18m wasn't really his money either? Quote Link to post Share on other sites More sharing options...
coplanddiehard 0 Posted February 28, 2012 Share Posted February 28, 2012 He's a complete cunt. End of! Quote Link to post Share on other sites More sharing options...
thebooler 4,509 Posted February 28, 2012 Share Posted February 28, 2012 The higher the risk the greater the reward. ..No doubt that Whyte has little fear of reprisals if his plan worksI think he'll have more fear of reprisals if it DOESN'T work. Quote Link to post Share on other sites More sharing options...
Sobatai 70 Posted February 28, 2012 Share Posted February 28, 2012 I remain to be convinced that he knows what he's doing ... nothing I've seen or heard suggests it. Quote Link to post Share on other sites More sharing options...
WVB 2,560 Posted February 28, 2012 Share Posted February 28, 2012 Liquidation is exactly what he's after. Wipes the debt, wipes the tax case and whyte gets the stadium and training ground for the new co which he can start on a wage bill more suited to Scottish football. And of course he can sell for a tidy profit. I think this is his masterplan I just happen to think its immoral and embarrassingNobody would argue otherwise, however before we start with the self loathing, lets remember, no children were touched in the making of this movie. Quote Link to post Share on other sites More sharing options...
blakes5000 0 Posted February 28, 2012 Share Posted February 28, 2012 I'm going to be bold here and say I think whyte knows what he is doing. I also think that he will sell us on at a profit debt free! He will have played the whole system brilliantly if he gets away with it, also saving our beloved club from a certain demise he will feel like the whyte knight again. I look forward to people shooting me down but I have read alot into the situation and that's the only thing I see happening.i would love to have your belief in whyte i really would but its been disaster after disaster lie after lie since he took over where's the billions his pr people told us about y take out mortgage on so many season ticets and y sell those arsenal shares any1 with clubs best interests at heart couldnt do that with a clear concience watp i hope ur right! Quote Link to post Share on other sites More sharing options...
loyalandtrueblue 69 Posted February 28, 2012 Share Posted February 28, 2012 I think that Whyte will sell the club eventually but he will retain Ibrox,Murray Park and the Albion(maybe even develop that land?) and lease these back to the club. Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted February 28, 2012 Share Posted February 28, 2012 Stadium and Murray Park cannot be touchedWhy not? If its an asset then surely they can be sold. I know part of the Main Stand is listed but that won't prevent a sale. Quote Link to post Share on other sites More sharing options...
marmalade1872 40 Posted February 28, 2012 Share Posted February 28, 2012 Why not? If its an asset then surely they can be sold. I know part of the Main Stand is listed but that won't prevent a sale.of course they can be sold to the highest bidder and eve a b listed building can be sold and if they get the right approval demolished Quote Link to post Share on other sites More sharing options...
trueblueal 2,117 Posted February 28, 2012 Share Posted February 28, 2012 Nobody would argue otherwise, however before we start with the self loathing, lets remember, no children were touched in the making of this movie.I'd rather not give anyone a stick to beat us with. It's not a question of their history being more murky than ours. I don't think the comparison is relevant to the right and wrong of the action our owner seems to be taking. Quote Link to post Share on other sites More sharing options...
USGER 16 Posted February 28, 2012 Share Posted February 28, 2012 WE were losing 10million this year according to Whyte,45 mil out and only 35 mil in.How the hell does he have a plan when he has sold off most of our income for the next 3 years,please tell me how he is going to almost half our operating expenses to keep us afloatJust does not make sense if we have any ambition to compete with you know who Quote Link to post Share on other sites More sharing options...
Rangers Lady 2,380 Posted February 28, 2012 Share Posted February 28, 2012 of course they can be sold to the highest bidder and eve a b listed building can be sold and if they get the right approval demolishedNo they can't, the Stadium and Training Complex are untouchable nothing to do with listed building.Whyte made them safe Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 28, 2012 Share Posted February 28, 2012 Everyone will get shafted apart from us although it might not be the case as far as Europe is concerned but sometimes you need to take a step back to go forward! He will make his cash and we will be debt free!! I'll take that any day over there being no rangersClearly you're not a rangers fan. Quote Link to post Share on other sites More sharing options...
marmalade1872 40 Posted February 28, 2012 Share Posted February 28, 2012 No they can't, the Stadium and Training Complex are untouchable nothing to do with listed building.Whyte made them safepoppycock Quote Link to post Share on other sites More sharing options...
GMac 1,405 Posted February 28, 2012 Share Posted February 28, 2012 No they can't, the Stadium and Training Complex are untouchable nothing to do with listed building.Whyte made them safeFuck he hasn't mortgaged them as well has he How can't the stadium and training ground be sold? If its true then that changes everything IMHO. Quote Link to post Share on other sites More sharing options...
Rangers Lady 2,380 Posted February 28, 2012 Share Posted February 28, 2012 poppycockKeep up Taken from RMWhyte's hold over the club stops Ibrox and Murray Park being sold to clear potential debts of nearly £65m for the benefit of the tax man if Rangers went into liquidation. Quote Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 28, 2012 Share Posted February 28, 2012 Keep up Taken from RMWhyte's hold over the club stops Ibrox and Murray Park being sold to clear potential debts of nearly £65m for the benefit of the tax man if Rangers went into liquidation.No one can say that with certainty. Quote Link to post Share on other sites More sharing options...
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