chilledbear

STV Statement on players future coming soon.

Wouldn't it be lovely if after all the statements we have today ....... A fans spokesman released the following statement. 'You can all feck right off till we have some answers'

Good luck to them.

He also wants Bain back.

Got it “@JaneLewisSport: #Rangers director Dave King releases statement: Liquidation is inevitable. Murray no knowledge that ticketus deal used to buy club.”

Not seen that.

Having had the opportunity to visit key stakeholders and to properly consider the information now available to me I would like to comment on certain matters that I have hitherto refused to comment on. My own visibility of the true state of affairs was being actively restricted and, as it turns out, falsified by Craig Whyte and I did not wish to add to the strongly held but unconfirmed rumours that were already being played out in the media. Craig Whyte I met with Craig Whyte during my recent visit and he provided clarity on the funding position. His true financial commitment was not by way of cash (as he had previously advised me) but rather guarantees that he and/or companies associated with him had given to Ticketus. He confirmed to me that Ticketus has no recourse to the football club. Hopefully the administrators will be able to confirm this. The upshot of Craig Whyte's confession is that the fans were duped. Immediately upon the acquisition of the club by Craig Whyte (far from being debt free as was trumpeted by the Murray Group and Craig Whyte at the time) the club was in a much worse economic position than before and had no chance of survival even if we had progressed in Europe. The Murray Group I purposely did not meet with David Murray but did meet with Mike McGill who was a member of the Rangers board at the time of the acquisition and was intimately involved on behalf of the Murray Group in securing the sale to Craig Whyte. I am absolutely satisfied in my mind that Mike McGill (and hence the Murray Group) had no knowledge that the proof of funds supplied by Craig Whyte's attorneys was secured by season ticket sales. I am further satisfied that the Murray Group would not have proceeded with the transaction if the true source of the funds had been disclosed. The Murray Group had every right to rely on the proof of funds letter that was supplied by Collyer, Bristow. Collyer Bristow The role of Collyer Bristow requires further investigation as this legal firm appears to have behaved in a manner inconsistent with its natural duties and responsibilities. I met with Gary Withey, on two occasions, during my recent visit and I do not believe that it is plausible that he was actively involved in an attempt to deceive the shareholders, fans, and creditors of the club. I do however continue to have concerns about the discharge of his duties as company secretary for Rangers. There is a true version that has yet to emerge regarding Collyer Bristow's role and knowledge of events. Administration I do not believe that there is a reasonable prospect that the company can come out of administration. I believe that liquidation is inevitable. European football The club will not meet its financial requirements before the UEFA deadline. There will consequently be no European football next year and liquidation might extend that by another two years. The harsh reality is that Craig Whyte has abused the loyalty of the fans by trading that future loyalty for cash in a manner that has excluded the club's ability to provide the very product that the fans were expected to pay for. To have done this, and then blatantly lied about it, is an abuse that no fan of any club should have to suffer. HMRC Now that I have evidenced the true position I wish to commend HMRC for showing the maximum restraint that it possibly could have under its mandate to collect taxes that are due. The empathy that HMRC has demonstrated to the club and its fans is particularly gratifying given the abuse perpetrated on HMRC by Craig Whyte in withholding ongoing tax payments to fund the club- while simultaneously pretending that he was using his own funds. Going forward It grieves me to state that it seems inevitable that the footballing institution will survive but the company won't. This will entail many hurdles (that will be overcome) including 'Rangers (2012) Ltd' having to reapply for membership of the SFA etc. It is a sad point to have reached, but if managed sensibly, it can result in Rangers returning to its former glory as a football club in the shortest time possible. We must all strive to ensure that an appropriate ownership structure guarantees that this event is never repeated. We must remember that our footballing friends across the city came very close to the point that we now find ourselves in. Scottish football needs a strong Rangers and Celtic- but perhaps in a slightly humbler form. My own present position I seem to be one of the few people who actually invested cash into the club. I have made a claim of £20 million on the basis of non-disclosure by the then Chairman, David Murray, of Rangers true financial position as far back as 2000. Other shareholders may feel deceived like I do and wish to take similar action. (David Murray will no doubt argue to the contrary and the merits of this will be dealt with in due course in the appropriate forum.) For present purposes however, I simply want to advise the fans and fellow shareholders that any benefit I receive from my claim will be fully reinvested into the restructured football club. I remain 100% committed to the Rangers football club and will do whatever I can to advance its interests. My own future position I intend to remain involved with the club, at least on my present basis, post-reconstruction if that is at all possible under the new ownership structure. I am however alert to the raw sentiment around the need for Rangers to have 'fit and proper' persons at its helm. In view of my own well-publicised and acrimonious legal disputes with the authorities in South Africa I have taken it upon myself to approach the SFA in that regard in advance of considering an increased role in the club going forward. I will be guided by the SFA's response in that regard. Paul Murray In the interim I will be putting my full support behind Paul Murray's initiative to secure the future of the club. Paul is a very smart businessman of undoubted integrity and a man who holds all that is sacred and traditional at Rangers football club very close to his heart. He is exactly the type of man the club needs at this time. The previous board I worked happily with the previous board and was immensely saddened by the way that some of them were excoriated by the media for no reason other than that they strongly opposed the sale of the club to a man who appeared to have insufficient funds to take the club forward. Martin Bain, Paul Murray and Alastair Johnston were fired immediately upon the takeover for voicing their concerns. The Ranger's spin doctoring machine then started to work overtime to discredit them, both individually and collectively. We now know the truth and hopefully those three loyal Rangers fans can now be fully welcomed back to Ibrox Park with full appreciation for the role that they have played in working tirelessly behind the scenes to expose Craig Whyte for what they truly knew him to be- and what all fans now know him to be. This cancer might have continued longer without their continued probings. Martin Bain Martin deserves particular mention. I have chatted to him a few times since he was forced to resign. Despite the lies and untruths that were being leaked about him to the press he never wavered in his loyalty and commitment to the club. He never wavered in his commitment to the fans and he was determined to expose what was really going on. The club was fortunate to have Martin at the helm as CEO for many years and was even more fortunate to find him continue to act in the interests of the club after he was unjustifiably removed from that position and unjustifiably deprived of his fair contractual settlement. John Greig and John McClelland Both of these gentlemen were, like me, not fired from the board after the acquisition and soldiered on in the best interests of the club until they reached a point where they reluctantly resigned rather than be associated with the failing governance at the club. That was the early warning sign. I haven't spoken to John McClelland but I can confirm (from my recent discussions with him) how pained John Greig is to have been unable to attend his beloved Ibrox. Hopefully he will shortly be able to resume his rightful iconic place in the director's box. Previous titles I have noted the recent media comment about Rangers being stripped of previously earned titles. While this makes good headlines, I am absolutely confident (now that I have a good sense of the true position) that this will not happen.

We would need to unite though, and behind who?

Remember, always take these things with a pinch of salt. From both sides. Hopefully we have learned not to take things at face value, especially since a certain Craig Whyte rode into town.

Peter McLeans name seems to be popping up a few times.

The administrators are the only ones making statements. If there are negotiations, then there are two sides.

Careful lads. We are only getting one side of the story.

I have read in some reports the top earners are willing to take pay cuts, but only if the jobs of those behind the scenes at Ibrox are protected. 'Record Sport understands seven players – including skipper Steven Davis, Steven Naismith and Steven Whittaker – have not committed to the proposal from Duff and Phelps fearing their gesture would not save office workers, coaching staff and other ancillary workers from the axe'.

"DAVID WHITEHOUSE of club administrators Duff and Phelps has made the following statement to the media this evening: Today has been a very frustrating day. Earlier in the day, we believed we had agreed in principle a basis of cost-cutting measures with the players accepting substantial pay cuts and we are very grateful for their efforts in reaching that point. Sadly this evening we have been unable to reach agreement on the personal conditions sought by the advisors to the players in respect of those wage cuts. There is still some hope these issues can be resolved first thing in the morning but it is extremely disappointing we haven't been able to get there tonight." http://www.rangers.co.uk/news/footba...rticle/2636129

Update from same source 'It has taken 3 weeks to find out the ins and outs of the current status of the assets and liabilities of the club as they are in various different places when they should have been in one...ours. Today and tomorrow will be hard re the cost savings to be implemented....which is essential in the long run. A creditors meeting will be called either today or tomorrow and things can start moving on that front as well. But on the whole things are looking more positive than at any time over the past three weeks' Always take these things with a pinch of salt.

Agree Frankie I'd like to know who is talking for us at all these enquiries.

This is a post from FF, no sources but fom a poster with a very good record of information. 'HMRC and Administrators in discussions for a CVA to be set up in settlement'. This could be very good news at last over the 'big tax case'

It wouldn't surprise me if this happened, nothing would to be honest. What would surprise me though is the fans taking action, boycotts have been suggested before, and got absolutely nowhere, perhaps over something like this, just maybe. I have to be honest here, when other teams have gone into administration, my first thought has been, deserves them right if they have spent over the top, while their rivals have run their clubs correctly, then let them take it. I am now trying to make excuses for my team, and finding it very difficult. I would like to see us holding our hands up and taking our medicine, but what I would fight against is the attempt to make up new sanctions, just because it is Rangers.

It seems a strange one to me. I wouldn't have thought administrators would have had discussions with players.

Paul Murray Doesn't Want Player Redundancies -------------------------------------------------------------------------------- RANGERSâ?? administrators were today warned axeing first-team stars could scare away prospective buyers. Former director Paul Murray is interested in forming a consortium to rescue the crisis-hit club, writes Matthew Lindsay. But the accountant reckons if Duff and Phelps make players redundant it will make a new ownerâ??s rebuilding job far more difficult. The administrators have rejected the playersâ?? offer to defer wages until the end of the season and were set to lay as many as 11 of them off today. That is even though first-team stalwart and diehard Gers fan Lee McCulloch has offered to play for NOTHING until the end of the season. Murray said: â??From my point of view, as a bidder, I want the squad to stay intact. Thatâ??s my starting point. â??Fundamentally, I want the squad to stay in place and then to have the chance to build upon that squad going forward. I donâ??t want any of those players to go. â??The administrators are saying there is a £4.3million shortfall. Letâ??s take that at face value even though Iâ??m not sure where that figure comes from. â??But if Iâ??m given the choice of plugging that gap by the deferrals the players are offering or by the cuts, then I would choose deferrals. â??If we are looking at replacing another eight, nine, 10 or 11 players, we could be looking at a need to come up with an extra £20 million or £30 million. â??If redundancies are made, you can only imagine the situation it would leave the club in.â? http://www.eveningtimes.co.uk/sport/-1.1151169

I couldn't understand that either.

Structured cuts in players wages being discussed. http://t.co/kX06QA5F

I don't think deferring wages is on the cards. Less chance of selling the Club, at least that is what I took from the statements over the weekend. New owners are going to want to start from scratch, not having to fill a £1m hole every month. Trying to look on the brightest side I can find. We have for a long time lived above our means [a long way ], this is a chance to cut the flab, and although it may take a few years to recover, with the right people both on the board and the playing side, it can be a new start for Rangers.

While they are fighting,spitting and scrabbling for the lifeboats, we will be standing back saluting and singing God Save The Queen. It may not be pretty, but who will survive?

Fingers crossed mate.