Frankie

Pete Wishart makes some good points but speaks for far too long...

Isn't the guy who writes this blog disbarred?

Very light - I can't see anything mate!

Deductions didn't come in until 2004 - after they and Dundee came out of administration.

Well it could be that they just want to tell everyone at the same time which is only fair.

I don't think 24 hours is all that important in the grand scheme of things. Does this tell us our international players are to be offloaded though?

I'm getting worried at the number of people eager to hear of our exploits. Seems Wee Susan is a bigger draw that many claim after all! I've kissed and told enough. Next week: Michelle McManus and 1000 uses for a slim-fast bottle.

Come to think of it she did enjoy rubbing my heid with baby oil.

http://www.scotsman.com/news/scottish-news/top-stories/rangers_fans_organise_fundraising_drive_1_2143691

Of course there is a reason why Whyte would have picked this mob - they will look to benefit him. As for differences between other clubs who have experienced this situation, well I'd put this down to the status of Rangers more than anything else. This is a very high profile case and the administrators' reputation is at stake. The intensity of the scrutiny upon them is huge so I'd fancy they'll be triple-checking every small detail. To that end, I think they'll have to be straight - though a slight bias towards the preferred creditor is probable. As ever, I'm not sure there's much we can do until we see their full public report. By that time it may be too late but we can only wait and see.

I remember that night well. The stovies were well cooked and the red wine was an ideal match. Scented candles, a roaring (electric) fire, that angelic voice and just a wee dab of speed (Blackburn lasses are hard to keep up with after all). The ambience was perfect. Or at least it was until big, bad John Hartson broke in and Susan's true dream man made me nothing other than an accessory. I finally left when her own battery powered accessory penetrated the third orifice of the night. Memories.

One doesn't look at the mantelpiece when one pokes the fire.

Nothing new then. Poor questions from White...

I think most forums have disclaimers because with such huge numbers of people it is inevitable that a few different (and perhaps extreme) views are aired. It's the sane if you enter any workplace, school, uni or pub. I don't think it's a big deal to be honest - its easy enough to pick and choose what thread (and indeed forum) you use.

This was put to Jim Traynor by (I assume a Celtic fan) on the radio last Saturday and he got really het up over the accusation on SDM's behalf. Thought he was going to have a heart attack!

Was something a bit different in style but I enjoyed it too. If you can't laugh, you'd cry.

City Slicker explores Rangers' innovation in its financial activities... http://www.gersnetonline.co.uk/2010/index.php?option=com_content&view=article&id=475:rangers-fc-our-flexible-friend&catid=1:articles&Itemid=67 Double entry book-keeping was invented by Florentine merchants in the Renaissance period to keep accurate track of assets and liabilities ,resulting in a formulation of the worth of a business at any point in time. Effectively it balanced the assets and liabilities , the pluses and negatives ,the who owed what to whom. A business that owed more than it was entitled to collect and was not funded by its owners was insolvent. One that was in profit or could raise investment was solvent. Obviously the technical aspects of this form of accounting have been improved upon over the years and innovators have developed mechanisms to keep liabilities off the balance sheet or create value within existing assets. Over the years RFC have been at the forefront of innovation looking at such concepts as negative depreciation and selling merchandising rights. The use of highly innovative techniques to pay employees in a tax effective manner also offered subtle nuance to the theory of corporate finance. Having inherited such a pedigree of innovation the recent owner of RFC obviously felt a compunction to develop innovations of his own. These were based principally on cash flow. The sale of catering income is but a normal aspect of business. As is back to back financing where assets not yet controlled are sold off in advance of the conclusion of the deal which will render ownership (albeit very ephemeral ownership ) to the vendor. Delaying or deferring fiscal payments can also be used but it is normally done with the consent of the fiscal authorities In the case of RFC it appears that the business was purchased from a very willing vendor by a purchaser who structured the payment through a sale of potential assets he could own in the future. Cash generating activities were effectively franchised out in return for immediate payments. A considerable amount of funding was gathered in based on potential future revenues. Cash was retained within the business through the unilateral deferral of tax payments and perhaps less recognized but of very high importance, assets were recorded at significant values based upon recognized but little used accounting rules. At the time of the actual sale of RFC the vendor apparently adopted the well recognised Scottish approach to the purchase and sale of assets. This is called â??diligence lightâ? and was pioneered by Fred (formerly Sir ) Fred Goodwin to such great effect that it achieved what successive Labour governments could never do in the UK; a nationalized banking industry. The communality of the raising of individuals to the status of Knight of the Realm and the use of â?diligence lightâ? could offer the potential for future sociological investigation ( perhaps that should be psychological ). What this all boils down to is that RFC have over the years pioneered financial treatments and innovated account presentation. They have shown considerable financial and fiscal flexibility. To take this review to an easily understood conclusion: The club effectively developed an accounting and trading strategy based on unrealistic valuations and mortgaged cash flows to such a level that the flexibility was sufficient to allow it to disappear up its own financial arse. In summary: The club is what is termed FUBAR a well known acronym for F**ked Up Beyond All Recognition. This report was prepared by Whyte and Associates - care of the plastic surgery clinic next to the bodego, downtown Costs Rico.

Nice to have you mate. Obviously, this site is a bit quieter than others but we like to think quality over quantity...

Welcome welcome Sandy... PS: For my sins, I've never been a member of VB.

Nobody is denying that the presentation of the site's numbers will enable the Trust to 'prove' their point to any buyer they wish to support - be it Paul Murray or AN Other. However, as long as the final destination is agreeable, the method in which we get there needn't be perfect.

There are methods of minimising inaccurate contributions so I'd be interested in hearing how the Trust is doing this. Personally, I think it's a decent idea and worth using as a tool in a general sense. Much more meat has to be put on the bones of that I agree.

Welcome mate! Was a great banner that - dreadful the RSC were stopped from flying it!

It's utterly laughable. However, we can just use the same defence Celtic did earlier in the season. SPL are a joke.

Don't think they showed it mate. Dreams of Hollywood (or even Emmerdale) gone!

Agreed. Hopefully more information will filter down from the fans working group. I'm sure everyone is eager to help - be it financially or logistically. Needs to be well organised and credible though.