BlueMazza

I posted the pic on FB yesterday too and all my Rangers mates love it and the Septic ones well pfft who gives a shit. All they ever bloody say is HAIL HAIL. Their title this year will be Hollow Hollow.

There is still a small piece of me though that thinks maybe just maybe Whyte does have a master plan. It might be barely legal and unsavoury but might pull us through. The key question is how far are we willing to allow our reputation to be dragged through the mud whilst he plays it out.

The thing is though, do you expect anything different? Their fans can't handle the truth and neither can they. Did anyone see Lemmon's tweet about the conference? 'Well that was clear as mud. Every question body swerved'. I tweeted him asking if they used too many big words for him to understand

Um no. Dare I ask?

You might be confused, but it sounds kinda sensible...lol

Yet the debt is apparently not secured on the club.

Exactly. Our history is what makes Rangers. I think these guys should be able to keep a good relationship with HMRC. Liquidation would screw everyone over. I'd much prefer a CVA where we pay part/some/most of our debts then we screw over other companies. The slur on our reputation would be catastrophic, another thing to bash Rangers with. I think they should just ban Whyte from conversations with HMRC altogether. I have the feeling he annoys them

I think so Juan but if so, where did the money from that go and where is the £9 million PAYE?

They didn't confirm anything really. They said something checking the validity of the security with Wavetower. The security centres on ibrox and Murray Park (our two assets I suppose). Once they can confirm it's valid then I suppose so. So where does the Ticketus debt sit?

One thing, whilst I have less confidence in Craig Whyte, I feel I have more confidence the club can come out of this, with this team steering it,rather than Whyte running rough shod. For me, the history of the club IS IMPORTANT. I don't want a Phoenix club. I thought they were balanced and responsive, especially considering some of the questions thrown at them.

Having heard the Administrators just now, I agree. We're in the crap because of the extra debt from non payment of PAYE and NI contributions. Not looking good for Whyte.

I think the most worrying thing for fans is that Administration was the only option due to no PAYE tax/ni contributions for months. They said that accruing a further (rounded) £10 million tipped us over the edge. So where does that leave us with Whyte? What happened to it?

Apparently went through parent company or something. I think they mean Wavetower. It does all sound fairly Del Boy!

Good meeting with super Ally, will speak and meet regularly. Ally will be involved with discussions. They will do everything they can to be licence requirements for club and DAMNIT missed the last part.

Confident based on what they have seen that they can achieve a successful result - Rangers continuing. 1st priority was to get game ahead, now it's club long time future.

PAYE will be paid on the Feb wages Daniel Cousin: Was in audience of players addressed. Still under review about his status.

Ibrox and Murray Park ARE wholly owned by Rangers and subject to a security which is being checked. Ticketus DON'T have security on Rangers. HMRC agreed to appointment of Duff & Phelps. Ticketus debt is believed to be £24 million.

Trying to verify the validity of Whyte as secured Creditor. The funds from ticketus didn't come through Rangers accounts (I think they just said)

The club had debt when the takeover happened, Whyte asked them for advice on possible restructuring which is entirely reasonable. The insolvency has come about as a consequence of losses since the takeover. They just said the non payment of PAYE HAS forced the administration.

I just can't hear the reporters, but I could definitely hear the BEEB guy haha. Pushing for evidence of criminal activity

Are you surprised the club is in the state it's in? We've never been involved with the management of the club.

Where is the £9 million PAYE? The reason it hasn't been paid...money isn't put in seperate accounts. They cannot confirm who decided not to pay or what happened to it. Someone asked about Organised crime there too...

nah my boss is a Chelsea man.

Several expressions of interest from parties unconnected to the club <--- possibly the most interesting point. Will take steps to keep Rangers alive and keep the clubs history. Redundancies may happen but they cannot confirm for sure.

Uncertainty has been clubs biggest enemy. Administration though painful will remove that. looking to do a CVA, make provision for all liabilities (including big tax case). Wholly confident Rangers will continue. DO NOT THINK LIQUIDATION IS ON THE CARDS will strive to ensure income exceeds expenditure from now on.