Administration Question.

[mitre_mouldmaster 21,510]

But how come Charlie Green seemed to just walk in & buy us? Surely others would have even looked at how much the Albion car park & Murray park were worth & came in. If I remember right he only paid £5.5 million, even those 2 places are worth that. It was a guaranteed money maker at that price.

They were not in the original purchase, they were bought afterwards.

[macranger 296]

Can't really agree with that myself I don't think the club would come back from that in all honestly.

- Possible relegation back to league 1 or at least another few years in the championship.

- losing most of the first team and other staff.

- Who's going to buy a club that's gone into admin twice in 2 and a half years?

- We struggle to get over 30k at games now how many would turn up after another admin?

- SPFL/SFA sanctions.

- More legal problems etc.

I think a lot of fans would walk away if it came to another admin TBH.

TBH mate, I think your looking for problems that aren't there. It looks like this is the route that the fan groups that didn't renew are looking for, which in turn would mean they would come back. The points deduction is all they can give us, which, hopefully, would still keep us out the relegation zone, then a new buyer would have very little debt compared to all the debts the sfa made us pay last time.

[macranger 296]

They were not in the original purchase, they were bought afterwards.

Are you sure mate? I thought he bought it all in a oner.

[gersandy 594]

Only if the person in charge is willing to sustain it. Otherwise we would need to cut our cloth immediately.

I would imagine that anyone coming in would realise that it might take a little while to balance the books though.

The chances of finding the 'sugar daddy' you speak of are slim.

Theres no investment in Scottish football at all. Were struggling to even get sponsors up here.

Even in the off chance we somehow manage to find this rich benefactor, theres no guarantee he/she will just write a blank cheque. They would just put the club in even more debt, which would be a massive gamble for the club.

This club needs to get back to black. A period of austerity is needed to steer the club away from administration.

[Albertz 78 918]

First thing a proper administrator would do would be to get a grasp of the situation and fully investigate what the options were. Job losses are not the first port of call if there is an alternative to doing so. The administration lost nothing when Green agreed to fund wages the last time. I have no complaints with that particular part of the process.

Admin can happen at various speeds depending on the complexities. This one would not be overly complex. Regardless, if the buying party has paid security and is willing to contribute to the running cost, there is no need to cut anything. The club would not be losing money if it is subsidised.

It might be put up for public sale, or if a suitable offer was known before hand it might not, just look at how pre-packs are done, only minus the liquidation part. Administrators only have to maximise the return for the creditors. If someone was to walk up, offer a 100% CVA, giving creditors a full return, offer to fund the process and put down a exclusivity fee, then they would not need to wait for a better offer, they could snap their hands off.

Again, losing the players would not be essential.

As you said above it could be the case that the admin team have to take Ashley to court to get out of contracts etc and that will take time. Plus who knows what other contracts and skeletons in the closet that we don't know about might be revealed making things harder.

Also let's face it administrators make money the longer they drag things out what incentive do they have to speed things up?

Companies go into administration for a reason cause they are losing money or they are deep in debt. No new owner is going to like being stuck paying a big wage bill for players while still being a minimum two years away from the SPL and 3 years away from Europe whatever way you look at it massive cost cutting would need to take place.

If we had someone willing to throw money at the club admin would never hypothetically happen in the first place.

[mitre_mouldmaster 21,510]

Are you sure mate? I thought he bought it all in a oner.

Absolutely sure mate. They were further purchases that were later listed in the accounts. Think it was about £3m extra if I remember correctly.

Ed House in particular was a spectacularly poor piece of business. Total waste of fucking money for that shit hole.

[mitre_mouldmaster 21,510]

The chances of finding the 'sugar daddy' you speak of are slim.

Theres no investment in Scottish football at all. Were struggling to even get sponsors up here.

Even in the off chance we somehow manage to find this rich benefactor, theres no guarantee he/she will just write a blank cheque. They would just put the club in even more debt, which would be a massive gamble for the club.

This club needs to get back to black. A period of austerity is needed to steer the club away from administration.

King is the obvious one, but failing that there are other parties who would be interested in a cleansed Rangers who are one year off the top flight.

Yea, they might want to cut costs, but not at the expense of being a year away from the much more lucrative top flight. It would be a false economy to try and penny pinch here.

[gersandy 594]

King is the obvious one, but failing that there are other parties who would be interested in a cleansed Rangers who are one year off the top flight.

Yea, they might want to cut costs, but not at the expense of being a year away from the much more lucrative top flight. It would be a false economy to try and penny pinch here.

King will not act now. He stood by and watched the club sink to Division 3 in 2012.

[AlBear. 8,499]

No new owner is going to like being stuck paying a big wage bill for players while still being a minimum two years away from the SPL and 3 years away from Europe whatever way you look at it massive cost cutting would need to take place.

Technically we are only 1 year away from Europa Cup now.

[ElBufalo20 7,978]

Why would we enter administration? We have no debt to anyone. Only members of our own board with these loans so they wouldn't want us to go down that route cos they wouldn't get their money back. The problem we have just now is running costs of the club which is stifling us. It's investment we need to keep the everyday running of the club going not to pay creditors.

[mitre_mouldmaster 21,510]

As you said above it could be the case that the admin team have to take Ashley to court to get out of contracts etc and that will take time. Plus who knows what other contracts and skeletons in the closet that we don't know about might be revealed making things harder.

Also let's face it administrators make money the longer they drag things it what incentive do they have to speed things up?

Companies go into administration for a reason cause they are losing money or they are deep in debt. No new owner is going to like being stuck paying a big wage bill for players while still being a minimum two years away from the SPL and 3 years away from Europe whatever way you look at it massive cost cutting would need to take place.

If we had someone willing to throw money at the club admin would never hypothetically happen in the first place.

The powers administrators have would make it happen much quicker than you would normally see. If the contract really are shit, there would be little issues in getting them torn up, if they are not so bad, then there really is no issue.

Administrators can be paid in various ways, time based or activity based, depending on the contract you sign with them. If a buyer was lined up and available, then a simple contract could be arranged to pay them based on a set number of objectives. This is exactly what happens with Pre-Pack admins. All done very quickly and efficiently. Admins dont want to hang around because they wont get paid any more than the agreed price.

We might not have anyone available with never ending pockets, but all we need is someone who is willing to invest so much in return for getting a massive club back to the top flight where the revenue streams are much better.

If we are getting to the stage where we think that it is impossible for us to be profitable, then its game over, no-one in the world it going to step up. That is just not the case though.

[mitre_mouldmaster 21,510]

King will not act now. He stood by and watched the club sink to Division 3 in 2012.

Given all his money was tied up and frozen in a battle with SARS, that is hardly surprising.

[tannerall 25,935]

2nd admin is a 25 point deduction. Precedent set with Dundee

Precedents mean nothing when it comes to the SFA and Rangers.

[mitre_mouldmaster 21,510]

Technically we are only 1 year away from Europa Cup now.

Two I think mate.

We cant go in next year, as we will only have had 2 sets of accounts by cut off, but if we qualify next season, we could be in Europe in the 2016-2017 season. I think....

[gersandy 594]

Why would we enter administration? We have no debt to anyone. Only members of our own board with these loans so they wouldn't want us to go down that route cos they wouldn't get their money back. The problem we have just now is running costs of the club which is stifling us. It's investment we need to keep the everyday running of the club going not to pay creditors.

Thats bullsh!t. The clubs losing money hand over fist. The board are scrambling round looking for money. Administration is a REAL possibility, and the noises coming out of Ibrox are that is could be sooner rather than later.

[Albertz 78 918]

Technically we are only 1 year away from Europa Cup now.

Is it not the case that a club has to have 3 years audited accounts to play in Europe?

We've only posted 1 so far after going down.

Pretty sure that these accounts would have to be posted around March time to get a European licence for the following season as well.

[mitre_mouldmaster 21,510]

Precedents mean nothing when it comes to the SFA and Rangers.

Doesnt matter, its in the rules and rules are rules. They try anything else and its an easy fight in the CAS.

They only got away with it last time cause they had us over a barrel for our licence and there were no set rules determining the costs at the time.

[mitre_mouldmaster 21,510]

Is it not the case that a club has to have 3 years audited accounts to play in Europe?

We've only posted 1 so far after going down.

Pretty sure that these accounts would have to be posted around March time to get a European licence for the following season as well.

Think we have posted 2 sets now mate.

Edit : Actually If we have posted 2 sets, we could theoretically co in next year. We will post our 3rd accounts in a month or so (hopefully!).

[plymouthranger 3,939]

If we went into admin again, that'd probably be enough for me.

I think many others would feel the same, we've put our lives into this club, and atm it appears to be going under again

[mitre_mouldmaster 21,510]

If we went into admin again, that'd probably be enough for me.

I think many others would feel the same, we've put our lives into this club, and atm it appears to be going under again

And how many said that the club going into admin the first time would be enough? How many said that a NewCo would be enough?

Fans get emotional about these things, but after all that we were posting record crowds.

When we see things going the right way, folk would be back.

[peter huistra 1,740]

If things are as bad as they are making out then why did we not sell a few players during the window , or is that too simple .

[gersandy 594]

If things are as bad as they are making out then why did we not sell a few players during the window , or is that too simple .

Realistically, who would we have got money for? Macleod and Wallace maybe.

[ORCHARD LOYAL 119]

I changed the title for you OP.

Good man cheers !!!!

[Figo 91]

Its a 25 point deduction and, effectively, another year in the Championship, maybe even another one after that.

Big thanks to the greedy cunts at the club and selfish, egotistical supporters groups that have got us in this situation, again.

but on the plus side... we might be able to win the Challenge Cup in that time.. maybe thats the goal.

[one55 1,510]

if we go into admin again and actually get out of it this time we might find ourselves back in League One. We're so damn close to getting back to the premiership. Getting put back down there would be a disaster. We need to avoid admin and get into the premiership.