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Everything posted by ian1964
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PAUL MURRAY has admitted he remains on board to table a proposal to take over Rangers. The former Ibrox director, who has the backing of fans’ groups and some serious financial players behind him, is in pole position to take over the club. The administrators have invited “best offers” from interested parties by March 16 and says he is “working flat out” with the administrators on a Company Voluntary Arrangement. He said: “I’m working on the CVA proposal as the way forward and obviously that’s in the best interests of the club and that can change the club. “We need to settle our debts, but at least that enables the club to emerge out of administration in a new form. “CVA basically interns the company and the club in its present state and is a negotiated settlement with the creditors that Rangers have got and would enable Rangers to emerge from administration. “I’m working with administrators flat out on a CVA solution to this particular issue. Any insolvency process is very complicated. “The administrators are three weeks into the process and working through some pretty complex legal situations. “But I’ve met with them twice and they’ve been pretty helpful in terms of giving infor-mation and they’ve also been set a date of the March 16 to get to the first round of interested bids and I fully intend to be making a proposal on that day.” Murray last night cancelled a string of media appointments to continue talks with his advisers.
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I don't think they can block the sale of a club TBH?,so what is the purpose of this investigation?.
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Regans' position is now surely untenable,he has to resign for failing in what is his duty by not carrying out this investigation BEFORE! CW bought Rangers FC?
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Any chance of a summary mate?,can't watch that video out here at work!,cheers.
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Welcome to Gersnet mate
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Welcome to Gersnet mate
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Administrators organise staff meeting for 4pm today (Wednesday)
ian1964 replied to johnnyk's topic in Rangers Chat
-------------------------------------------------------------------------------- http://www.rangers.co.uk/news/footba...rticle/2638789 Duff & Phelps, the Administrators of Rangers Football Club, today issued the following statement. David Whitehouse, Joint Administrator, said: "We are announcing today we are accelerating the sale of Rangers Football Club. "The Club is in a perilous financial situation and that should not be under-estimated. Regrettably, we have been unable to agree cost-cutting measures with the playing staff on terms that will preserve value in the business. We understand the players' position as the scale of wage cuts required to achieve these savings without job losses were very substantial indeed. "In view of this, we are faced with a situation of making redundancies within the playing staff on such a scale that would materially erode the value of the playing squad. We are striving to strike a balance where cost-cutting measures can be implemented but do not destroy the fabric of the playing squad to the extent that it will inhibit the prospect of a sale. "However, no one should be in any doubt that in the absence of sufficient cost-cutting measures or receipt of substantial unplanned income, the Club will not be able to fulfil its fixtures throughout the remainder of the season. "As a result, we are expediting the sale process and over the next few days we will be holding discussions with prospective purchasers who have declared their interest. The Manager, Ally McCoist will play an integral part in thesediscussions. "If however it becomes apparent that the sale process cannot be accelerated there will be no choice but to implement very severe cost cutting measures at the Club." -
'Concerns' have been raised over a friendly match between former players of the Ibrox club and the Italian side. An inquiry into the Rangers Charity Foundation has been launched after it revealed the crisis-hit club would receive most of its proceeds from a friendly match. The Ibrox club are hosting a game between former players of both Rangers and AC Milan later this month. It had originally been organised to raise funds for the Rangers Charity Foundation, which was going to receive 60% of all money gathered by the game on March 30. The charity, which has donated more than £2.3m to various causes since it was set up in 2002, has reduced the amount it will take from the game to 10%, meaning the majority of the money raised will go to the club, which is currently in administration. On Tuesday, the Office of the Scottish Charity Regulator confirmed it had been made aware of "concerns" regarding the game after the change to the benefactors. A spokesman for the regulator said: "We can confirm that we have an ongoing inquiry into the Rangers Charity Foundation. It would therefore not be appropriate to comment further." Rangers boss Ally McCoist, who is expected to feature for the Rangers side in the game, previously welcomed the move by the charity foundation. He said: "It is a tremendous gesture by the Rangers Charity Foundation to forego the majority of the proceeds of the legends match to benefit the club and it is going to be an evening of nostalgia for all the fans, players and supporters." The AC Milan Foundation is also due to receive a percentage of money raised by the friendly, which will see Brian Laudrup and Paul Gascoigne featuring for the Rangers team, while the Italian team will include the likes of Paolo Maldini and Jean-Pierre Papin. Connal Cochrane, manager of the charity foundation, added: "The club and the Rangers fans have been tremendous to the foundation over the last ten years and now it is our turn to stand alongside them and step up for Rangers. "The Rangers Charity Foundation suggested the club should now benefit from the match and we were delighted that the AC Milan Foundation agreed." http://news.stv.tv/scotland/west-central/299946-inquiry-into-rangers-charity-over-match-against-ac-milan/
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In a separate development, there was more woe for Rangers when the SPL board announced an investigation into alleged illegal payments to players going back to 1998. It relates to the Employee Benefit Trust scheme which sees Rangers awaiting a First Tier Tax tribunal ruling which, if it goes against them, could land them with an HMRC tax bill in excess of £50 million. If the SPL find that Rangers were in breach of their rules for the registration and payment of players, the potential sanctions which could be imposed include stripping the club of the seven titles they have won since the SPL was formed in 1998. http://www.scotsman.com/sport/football/top-football-stories/rangers-crisis-spl-launch-investigation-into-player-payments-1-2154489
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SPL chiefs are considering a move which could see Rangers docked 30 points at the start of NEXT season. Top-flight chairmen met at Hampden yesterday to discuss measures to deal with the cash woes which have plagued SPL clubs this term. SunSport understands that at least one chairman argued the current standard ten-point deduction for clubs going into administration isn't fair enough. Instead it was suggested a formula should be used which would result in a penalty that better reflected the crime a club had committed by overspending. That figure would be determined by taking a club's average points total over the previous three completed seasons and dividing it by three. Crisis club Rangers have already been hit with a ten-point penalty this term. But if the new ruling is rubber-stamped in time it would leave them with a mountain to climb if they are still being run by the bean counters next term. They have won the SPL for the previous three seasons with totals of 93, 87 and 86 points â?? giving an average of just under 89 points. Dividing that by a further three would give a penalty close to the 30-point mark. That would leave them needing to win TEN games before they have reached zero points. Another suggestion mentioned involved employing an accountancy firm to make sure the books of SPL club are in order. SPL chief executive Neil Doncaster said: "Under current rules if Rangers are still in administration next season they will be docked ten points at the start of the season. "But the rules could change in April or July. "With regards to financial fair play we didn't talk about a specific club. "These are just general rules we may adopt in the future. "Our board will propose a number of changes. "The level of sporting sanction when a club has an insolvency event is currently only ten points. Is that enough? You can also look at the situation in the Football League in England, where if a club is late paying its players then they have to report that to the league and it becomes potentially a disciplinary case. "That's not the case here currently. The late payment of PAYE to HMRC is another potential avenue. "Currently it's not a breach of the rules to fail to pay your players or to fail to pay the taxman any PAYE. "We might be in a situation where that COULD become a breach of the rules. "As soon as a club fails to pay its players or the taxman on time it might be a disciplinary case we can take forward. "At the moment we have to wait for a complaint from a player or players. "All these are the sorts of areas that could come under financial fair play. "We looked at best practice elsewhere and had a good discussion about that with a view to putting proposals before the clubs next month." A representative from Gers' administrators Duff and Phelps attended the meeting and insisted the club would not be liquidated. But at the same time measures for such an outcome were also highlighted. Doncaster added: "That was part of the discussions. "There's no precedent north of the border. There is south of the border, where Leeds were effectively reborn as a new company in League One without being relegated. "But it appears it's the desire of the Rangers administrators to emerge through a CVA." The SPL later announced they are to investigate alleged undisclosed payments to players by Rangers. But Gers did dodge one disciplinary hearing by the skin of their teeth yesterday after agreeing to stump up the £80,000 ticket money owed to Dunfermline. Doncaster confirmed: "We learned the administrators had agreed to pay Dunfermline the outstanding money. "So our action relating to Rangers went away. "The board would have had a range of 18 different sanctions available to them, ranging from a warning to expulsion, if Rangers hadn't settled. "We have clear rules about payment to other clubs within certain time frames. As soon as that gate money became late we received a request to take action. The matter has now been settled."
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RANGERS could be stripped of up to SIX league titles after the SPL launched a probe into their alleged dodgy contracts. Related Stories Gers stars offer to slash wages RANGERS stars agreed to a whopping 75 per cent pay cut in a bid to save the club Former Ger Kris Boydâ??s a logend! Gers meeting ends in stalemate How to get that £1m of savings Rangers face a points hammering Death by a thousand CUTS Top-flight chief executive Neil Doncaster refused to rule out the drastic action last night as he announced the structure of Gers' controversial EBT payment plans would be examined. Under SPL rules, clubs must lodge full payment terms when registering a player. But The Scottish Sun last week revealed details of a letter promising extra payments to one Gers player, who joined the club in the mid-2000s. If these letters were not submitted it could mean the player's registration was invalid. The SPL inquiry will start as far back as July 1998 and likely continue right up to 2010. If they decide the current champions breached their statutes they have a range of penalties open to them. One option is to "withdraw or withhold the award of a title". That could mean Gers' flags from 1999, 2000, 2003, 2005, 2009 and 2010 being wiped from the record books. Asked about such an outcome before an SPL statement was released confirming the investigation, Doncaster said: "We are monitoring that situation very closely." On the alleged letters, he said: "It's an area we're monitoring closely at the moment." Less than an hour later the SPL released a statement which read: "The SPL Board has instructed an investigation into the alleged non-disclosure to the SPL of payments made by or on behalf of Rangers FC to players since 1 July 1998. "SPL rules give the SPL Board wide powers of investigation into potential breaches of the SPL rules." Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4175023/Crowns-are-on-the-line.html#ixzz1oIGS03wt
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Everyone knows how big this was and how much cash it generated for the club at it's hight,not sure of the exact figures?,however what I was thinking was would it be possible to start this up again?,or something similar?.
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Rangers' lawyer quits Collyer Bristow following club's administration
ian1964 replied to ian1964's topic in Rangers Chat
“We’ve been in contact with him and he is no longer a partner of the firm,” a Collyer Bristow spokesperson said. The spokesperson said that the firm has been in e-mail contact with Withey for the past 10 days, but had not made any attempts to trace his location using his IP address. It is understood that Withey did not attend a meeting on 29 February, the day before his membership of the firm ended. Meanwhile, Taylor Wessing restructuring partner Nick Benson and Mark Phillips QC and Daniel Bayfield at South Square Chambers have won roles for Rangers’ administrators, Paul Clark and David Whitehouse at Duff & Phelps, on a successful application to the High Court to transfer £3.6m in client money from Collyer Bristow to Taylor Wessing. Duff & Phelps said in a statement: “We can confirm that following the court hearing Collyer Bristow paid approximately £3.6m to our lawyers, Taylor Wessing, to be held securely by Taylor Wessing until the High Court decides whether or not it is the club’s money. “Collyer Bristow will also disclose to Taylor Wessing details of the payments of funds out of their account on behalf of the club since May 2011. The High Court in London will hear further representations on the administrators’ claim to the money and our request for further information from Collyer Bristow on 8 March 2012.” Duff & Phelps has already hired Scottish firm Biggart Baillie as legal advisers on the administration (15 February 2012). -
.Rangers FC company secretary Gary Withey has left Collyer Bristow for â??family and personal reasonsâ?, the firm has confirmed. Withey, a partner at the firm, had become embroiled in the Glasgow football clubâ??s administration, after advising businessman Craig Whyte on his takeover of the club last year. Collyer Bristow has confirmed that Withey left the partnership and the firm on 1 March and that the firm does not know of his whereabouts. http://www.thelawyer.com/rangers-lawyer-quits-collyer-bristow-following-clubs-administration/1011681.article
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RANGERS may have found the way to make Craig Whyte responsible for the £24.4m he wheedled from Ticketus against future sales of Ibrox season tickets. And the legal loophole seems to be because controversial law firmâ??s Collyer Bristow partner, Gary Withey, may not have been aware of differences in company law between Scotland and England. However, amazingly Withey now appears to have gone into hiding. And Collyer Bristow appear to be saying that Withey's role as Rangers company secretary is nothing to do with them. That is a matter for the authorities to decide on, but Collyer Bristow are already on the back foot as they await the verdict on a £50m action brought against them by angry investors. Regular readers may recall that last week I revealed that lawyers were poring over all the fine print details in the deal which saw conman Whyte buy Rangers for a quid. Now I have been told by a senior legal authority that the loophole is in Scottish company law regarding the Financial Assistance process which Whyte used to raise that £24.4m. Of course, when Mâ??Learned friends are involved we get bogged down in legalese which confounds the layman. So, for everybodyâ??s benefit, especially mine, Iâ??ll keep it simple, as it was explained to me. It has all got something to do with a private company and individual rights. My legal contact says that means Whyte could not sell future season tickets without the consent of the season tickets holders. For the deal to have been legal, he would have had to contact almost 40,000 Ibrox season ticket holders, explain what he proposed to doâ?¦.and then get written permission from them all. Only the ones who said â??yesâ? could legally have had their future season tickets mortgaged. It is also understood that Ticketus have now been told by their English lawyers, who have studied Scots Law, that Financial Assistance should not have been allowed, as Whyte did not have the necessary legal permission from the season ticket holders to mortgage their season tickets. The bottom line therefore is, again according to a top legal expert in this field, that if Ticketus want their money back then they will have to chap on Craig Whyteâ??s door to get it. Or cut a deal to work with Rangers in the future, based on goodwill and trust, things that Paul Murray can offer, but two qualities Whyte has never heard of, far less has. There are of course other debts which Rangers have been landed with from the carnage wreaked upon them by the WHYTE SCANDA and I will address them later this week. One word which will recur when I turn my attention to these debts will be, HONOUR! Something else Craig Whyte has no knowledge of. â?¦â?¦. AND â?¦â?¦â?¦ SOMETIMES the blindingly obvious can escape you. It can take a wee while for the penny to drop. Thus has it been with the excellent and in depth interview given to veteran reporter, Ron Scott of the Sunday Post eight days ago by â??Sirâ? Walter Smith. The Ibrox icon spoke about his regret at the position Alastair McCoist has been placed in during his first season as manager and how he, Smith, would never have left had he known things were going to turn out this way. It took a Paul Murray associate to make the point to me yesterday that when you think about it, Alastair McCoist is indeed, the Lone Ranger. The only man inside the club who speaks for Rangers. Thankfully for the legions of Rangers supporters who are worrying about their clubâ??s future future, that task could hardly have fallen on the shoulders of a better, bigger, braver and wiser man. â??Sir â?? Walter apart, which of course goes without saying. Seriously, Alastair McCoist has risen to the task magnificently and his after-the-match address to the media on Saturday was both pointed and timely. It was also very â??Coisty.â? Some folk I have spoken to believe his well worded warning was aimed at Neil Lennon, who has had far too much to say about Rangers. Personally â?? and I stress this is merely my view â?? I think he was taking aim further up the chain of command. And not just at those inside Parkhead who are trying to put together some sort of Scottish Premier League Celtic cabal, aimed at inflicting long term damage on Rangers. My thoughts appear to have been given extra credence by the Sundayâ??s Mailâ??s exclusive story by the always well informed on Celtic matters, Mark Guidi. He revealed that if Rangers are still in administration when the new season starts, there are moves â?? which I believe are inspired by that man with a finger in so many pies, Peter Lawwell â?? to inflict MORE than a ten point penalty on Rangers and to also punish them financially by withholding SPL, sponsorship and Sky money. That seemed to be the gist of Markâ??s top notch exclusive. As I have frequently pointed out, those who I have been told it is believed Lawwell has taken into the Parkhead tent, include Rod Petrie of Hibs, Stephen Thompson of Dundee United and their ally at Aberdeen, managing director and a man seemingly in thrall to all things Celtic, Duncan Fraser. As was the case with â??Sirâ? Walter, Alastair often seems to know whatâ??s going to happen before it does, as he has a grapevine which hums and whistles. He knows who are trying to take advantage of Rangers being on the deck, to do more than just administer a good kicking, but to actually strangle the life out of the venerable Ibrox club. Alastair McCoist is the man who speaks for Rangers. It is as well for the club that this great Ranger is up to the task.
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http://www.eveningtimes.co.uk/sport/...-sfa-1.1151165 SFA chief executive Stewart Regan has revealed Rangers could be booted out of Scottish football if they are found guilty of giving players two contracts. The governing body is currently conducting an independent inquiry into Craig Whyteâ??s controversial takeover of the crisis-hit Ibrox club. However, Regan has confirmed other issues have arisen during the course of the far-reaching investigation which will also be looked at in greater detail. It has been speculated that Gers players had two contracts with the Glasgow club when EBTs were in use between 2001 and 2009. And last week ex-Rangers director Hugh Adam claimed that specialist payments were being made to playing personnel as far back as the mid-1990s. Under the SFAâ??s articles of association, clubs are only allowed to give players one contract of employment. Regan admitted on Friday that the allegations made by Adam, who was ousted from the club board by former owner Sir David Murray, would be looked at. And he outlined the range of punishments available to the organisation if Rangers are found to have breached their strict guidelines. He said: â??If you look at our articles of association, it shows a range of powers that the judicial panel has. â??What will happen is that the matter will go to the Scottish FA main board and will then pass through to the judicial panel. â??Thereâ??s a whole range of things from suspension to termination of membership at the extreme end to fines and ejection from the Scottish Cup or other such penalties the panel deem appropriate. â??It (Hugh Adamâ??s claim) is one directorâ??s take on things, but, as a board, we have to examine it.â? Regan added: â??The inquiry covers primarily the Craig Whyte era, but in digging into facts it has take us into other areas. â??Itâ??s thrown up matters which are of interest to the committee. Iâ??m there representing the board. Weâ??ve got into the meat of what has been going on at Rangers and now the inquiry has gone in different directions. â??The inquiry isnâ??t judge and jury. The process is one of investigation and presenting the facts. â??The board will consider the facts and if the board feels the facts are compelling they will pass that to the compliance officer and it will go through the normal disciplinary process.â? Regan refused to dismiss the possibility of a separate inquiry being launched specifically into allegations of double contracts at Rangers in the future. He remarked: â??That will depend on the boardâ??s view of the facts and what information there is. The situation is changing daily and new information is emerging all the time. â??Weâ??ve got our hands on certain pieces of information and weâ??re exploring it and asking for further information. If itâ??s the boardâ??s opinion that they want a fuller investigation then that will be an option.â? Meanwhile, Regan has confirmed that SFA president Campbell Ogilvie, whose role at Rangers during the Murray era has come under scrutiny, will not be involved in any investigation into secret payments. He saud: â??I think itâ??s pretty obvious that he (Ogilvie) is heavily conflicted. Campbell wonâ??t play any part in any meeting, discussion or conclusion on any activities surrounding Rangers.â?
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THE Federation of Scottish Stable-Owners was last night in crisis talks over the best way to shut its doors in the wake of a prize horse bolting. 0 comment Related Stories Celtic guilty of winning 20 games A LEAGUE title triumph, tainted by too much winning? Wow. Thatâ??s a brain-frazzler They have made a total mess of it No class with schoolboys The name gameâ??s so pathetic Talkinâ?? bout an evolution The horse, Bluenose Boy, is believed to have smuggled millions of tons of straw to an offshore barn before galloping off, leaving stable-mates starving. Now bosses hope they can make everything all right again by investing in a huge padlock. In unrelated news, EssPeeEll chiefs meet today to decide whether to bring in tougher financial regulations. See what I did there? Satirically comparing the Rangers fiasco to a gee-gee doing a runner from a poorly-secured farmyard lean-to? Heavy-handed humour perhaps. But when it comes to the people who run our top flight, you can never be too unsubtle. To these trumpets, the bleeding obvious is like a giraffe's b*ws. It goes right over their heads. I mean, come on â?? Frankie Boyle couldn't write comedy this black. An organisation meeting to debate the need for tighter fiscal controls, on the same day one of its leading members goes through the payroll with a flame-thrower to save itself from oblivion? That's like Noah setting sail in the Ark and God calling St Peter in to see what he thinks about lifting the hosepipe ban. If our Hampden heroes had half an ounce of self-awareness between them, it'd be the shortest meeting in history. The chairman goes: "So, do we need more control tighter controls over the financial affairs of our clubs?" And the rest chorus: "Would Craig Whyte need a bodyguard to go drinking in Govan?" When it comes to getting the drift, though, the SPL is about as switched on as an Xbox in an Amish commune. From the day and hour they hijacked the game, they've been miles out of touch with the views of fans, players, managers on everything from all-seater stadia and league reconstruction to the pointless split and the farce of making teams put two under-21s on the bench. The only statute they put down in writing seems to be one dictating that all policy will be made on the hoof. With the added sub-clause that it should always be with total disregard to public opinion. This exercise in stable-door-bolting on the day redundancies are announced at Rangers is the epitome of their cluelessness. It would be laughable â?? if it didn't make you so damn angry that they actually believe whatever they say or do will make a shred of a positive difference. This is a mob who stood and watched Gretna die, Livi and Motherwell go into administration, Dundee give massive contracts they didn't have cash to honour and Hearts stagger from one payment shambles to the next. Now Rangers are in terminal meltdown and Dunfermline are the first, though maybe not the last, to head in the same direction thanks to the fallout. Yet these jokers wait till NOW to get together and stroke their chins about whether they maybe should be doing more to get the game out of the red? What an insult to every fan and employee of all 12 in the self-styled elite. What an admission of complete and utter failure that they're left playing this desperate game of catch-up. There IS something they can do. They can admit defeat, call in the liquidators and let someone with a clue run the show. And they HAVE been defeated. They HAVE failed. The whole reason the EssPeeEll came into being was because the greedy b******s thought the old set-up was too much like a sport and not enough like a business. But look at it 14 years on, not so much a business as a graveyard. I mean, what kind of business does nothing while two middle-sized branches run up more than £15million in debt? That's how far in the mire Dunfermline and Kilmarnock are between them. And what do they have to show for it? A collection of grateful ex-players living in big posh houses driving flash cars, that's what. Scottish football has not progressed one inch in 14 years. Crowds are down, entertainment levels are down, the quality of players falling, the lower leagues are surviving by the skin of their teeth, the national team is toiling. Anyone who thinks it's mere coincidence all this has come to pass since the EssPeeEll came into being must be, well probably an EssPeeEll board member. Not only could they not see the collapse of Rangers coming, they openly encouraged them â?? and every other club â?? to get in further and further over their heads by making everything they do about its price tag. No morals, no comradeship, no meritocracy. Just greed. Makes you ask, for the thousandth time, what the hell their qualifications are for telling us how it should be. Answer? They have none. No qualifications, no mandate, no respect. And most crucially of all, no way out of the mess they've created. So, see that big stable door, chaps? Don't let it hit your sorry asses on the way out. Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/columnists/billleckiesports/4172267/Its-hardly-a-bolt-from-the-Blues.html#ixzz1oCjcmg8Q
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RANGERS players face the axe this morning after being asked to play for FREE on Saturday. 3 comments Related Stories What Iâ??d give for an Ibrox BUNNET THOSE storm clouds that once gathered over Celtic were nearly as black as those at Ibrox Forget about beating Hearts McCoist: We will be back Rangers starâ??s agony Black gets jag before Gers game SunSport can reveal administrator Paul Clark wants Ibrox stars to give up wages they are entitled to for facing Hearts. But it's understood up to SEVEN top-team stars â?? including top earner Allan McGregor â?? have already refused to take cuts. It's also believed as many as five first-team players have told boss Ally McCoist they are ready to walk away if it helps save cash. Administrators Duff and Phelps will arrive at Murray Park today to give players a last chance to sort things themselves. With that highly unlikely, they will then reveal plans to sack around ten players in a bid to minimise costs. Gers need to save £1million a month. And bean-counter Clark hopes the desperate plight will see first-team stars agree to forego their March money. McCoist delivered the news right after Gers' 2-1 defeat to Jambos. Tensions spilled over in the dressing room as skipper Steve Davis demanded answers before issuing a rallying call to the players. McCoist will train his squad one last time before axeman Clark reveals how many players must go. It's sure to be an horrific day behind the scenes, with players and staff set to find out if they have a future at the club. There is already anger that the news has been delayed, with everyone expecting to be told their fate last week. They hoped they could strike a deal which would see them have 75 per cent of their wages deferred, but Clark rejected that proposal. PFA Scotland chief Fraser Wishart plans to meet with players today to advise them on their options, but firings are now inevitable. Clark insists huge cuts must be made in a bid to save the 140-year-old club. There has also been a March 16 deadline set for potential buyers to come forward and lodge their bids to buy control. With the verdict of the big tax case still to be heard, it seems almost impossible that deadline will be met. But Clark says there ARE people who can save the club. He said: "We're content there are parties who could proceed to be the new owners of Rangers. "It's time to end the uncertainty. We have to do something. "If Ally and the players are able to come up with an appropriate solution we'll go with that. "If not we will have to make redundancies." Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4172677/Play-for-FREE-before-you-get-sacked.html#ixzz1oCi7jtVW
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No Surrender. We need to keep positive,although all this shit is coming out,and there will be more to follow,I believe we will come out of all this mess stronger than ever.
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We will see if anything is to be done,not holding my breath! I'm aware the BBC highlights are up,was it shown,discussed at great length with numerous highlights from all angles?.
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SPL clubs are drawing up a blueprint of financial penalties and points deductions for Rangers should the club shut down and reform as a new company. With Gers having to save £1million a month to stay afloat there is growing concern inside Ibrox that liquidation is edging closer. If they go bust but start up again under a name such as Rangers 2012 the newco would need to acquire the SPL licence from the administrators. A new Rangers would also need the SPLâ??s approval to get back into the top flight. That decision would be down to the six-man SPL board of Ralph Topping (chairman), Neil Doncaster (chief executive), Eric Riley (Celtic), Derek Weir (Motherwell), Steven Brown (St Johnstone) and Stephen Thompson (Dundee United). All of them, apart from Doncaster, are due to stand down in July but can be re-elected. However, regardless of who is on the board, SPL clubs want their own conditions put in place but are also aware they need Rangers to protect the Sky TV deal. MailSport can reveal it has been suggested a newco Rangers should start next season on minus 16 points and have their SPL payments from TV cash and bonus money cut for three years. That would see the Ibrox club lose out on around £7million, which would be split between existing top-flight clubs. However, any such penalties would need to approved by the 11 other SPL members. Rangers would, of course, fight that proposal and David Whitehouse, of the clubâ??s administrators Duff and Phelps, last night confirmed they are exploring what obstacles a newco would face. He said: â??A newco is a possibility in terms of a way forward. Weâ??re communicating with various football authorities in terms of new rules and fair play.â? With Rangers currently owing money to Dunfermline, Dundee United and Hearts, there is little goodwill from SPL clubs towards them. Every top-flight club will attend a board meeting tomorrow at Hampden in which several issues are on the agenda in the wake of Rangersâ?? financial plight. There is a feeling that going into administration should carry a bigger penalty than just a 10-point deduction. Also, if Rangers were still in administration on August 4 when the new season starts, they will again immediately be deducted 10 points and some clubs feel that punishment should be increased. An SPL insider told MailSport: â??There is no doubt clubs are discussing how they would deal with the eventuality of Rangers going out of business and reforming as a new company. â??If it happened weâ??d be in unprecedented territory. There would be so many twists and turns and nobody could say with any certainty what the outcome would be. â??We hope it doesnâ??t come to this because it would lead to all sorts of internal wrangling. â??And it would be difficult to see a solution being reached that would please all member clubs.â? http://www.dailyrecord.co.uk/footbal...6908-23773872/
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RANGERS is a family â?? and I fear tomorrow it is going to be torn apart. The focus from the fans will be on the players and I understand that but my football club is about so much more than that. On the field through this horrible time we've slipped up and lost at home to both Kilmarnock and Hearts. There's no question the off-field troubles have impacted on the club and taken their toll. Imagine if it were you at work. Administrators stated jobs had to go but for the best part of three weeks didn't specify exactly whose jobs. I'm not talking about just the playing staff, I mean the entire workforce. The uncertainty has been awful. Tomorrow morning we'll at last have some clarity, painful though it will be. A lot of great people work at Rangers and the club provides a living for 177 full-time staff. At Murray Park, Gordon and Stevie at reception are often the butt of pranks from players but they're part of our team. In the Press and PR department Carol Patton and Stephen Kerr. They've their work cut out with us. Carol has been at Rangers for the best part of 20 years and is a consummate pro. Stephen has been at the club for a decade. These two work tirelessly for Rangers and don't talk to them about an eight-hour working day. I am not exaggerating, on some days it's a 14-hour shift for them. I'm thinking too of people like Laura and Nicola, who deal with the admin for the gaffer and the players. The headlines will be on the players but I fear for decent hard-working people who turn out day after day and work to give their families a decent quality of life. Office staff. Kitchen staff. Cleaning staff. What I am trying to say is that EVERYONE employed by Rangers has been affected by what has happened. It has been an awful time. I have been lucky. Forget the injuries â?? I have had the job of my dreams. I've lived the dream. I sat in the stands, walked across the red track, crossed the white line on to the grass wearing the jersey I dreamed of pulling on. Signing for Rangers, the team I supported as a kid, was the ultimate joy. That is what makes the current situation so hard to take. A club with a history like Rangers should never have been put in this position, but we have. Now we have to deal with it. I still have a job. I will be back to full fitness in the summer with the help of great medical care and a patient physio team. I owe them, especially Stuart Collie, who has dealt with my last cruciate injury and this one, and has had a big bearing on my Rangers career. After the game yesterday I sat quietly and knew that the hour was coming when many would lose their jobs in the worst possible circumstances. Little notice, nothing to prepare them for the awful news. Just one day they have a job, the next day they won't. In one of the worst recessions in living memory, many will struggle to find another job. That is what hurts most, the thought that people may be thrown on to the scrapheap. If players are handed their P45s, most will find other clubs. Some may not. The one thing that everyone feels is the hurt for Rangers, for our club. I have to single out the gaffer Ally McCoist. The way he has handled this has been remarkable. His leadership qualities have been immense. His quote 'We don't do walking away' has now entered the fabric of Rangers' history. He is still relatively new to management as this is his first season in the hotseat. Like the rest of us he did not see this coming â?? at least not to the extent it has â?? but he has handled the situation with tremendous dignity. He has also done his best to protect the players, reassure us all. Such is the mark of the man, he has put us before himself. The gaffer has worked tirelessly behind the scenes while trying to keep training and day-to-day business on the playing side as close to normal as possible. Who carries the burden of the blame? Who is to blame is not that important to someone who has just lost their job. All they want is another job. What we have to do now is move on. Take on board what we have to do. Work within our budgets. Pull together â?? the entire Rangers workforce, the players, management and, importantly, the fans. Football? Only a game? It's much, much more than that to an awful lot of people. To everyone at Gers, it is their life, their livelihood, a meal on the table and a roof over their heads. Tomorrow that will change. I wish with all my heart that it didn't have to. http://www.thescottishsun.co.uk/scot...orn-apart.html