chilledbear 16 Posted November 25, 2013 Share Posted November 25, 2013 http://www.dailyrecord.co.uk/sport/football/football-news/rangers-receive-1m-sale-nikica-2849016?utm_source=twitterfeed&utm_medium=twitter IBROX creditors left furious after joint liquidators BDO inform them of Nikica Jelavic windfall but warm them they are unlikely to get a penny of the £995,000 received. OLDCO Rangers have received a further £1million from the sale of former star Nikica Jelavic – but creditors won’t see a penny of it. Joint liquidators BDO wrote to 276 creditors this month informing them of the windfall but warning them they were unlikely to get any of the cash. The letter said a payment of £995,000 had been received and they were expecting a further £1.058million in May 2014. The payments relate to the transfer of striker Jelavic, who left Ibrox for Everton in January 2012 in a deal worth £5million. Alan Duncan, who worked as the club’s kids’ entertainer and is still owed more than £2000, said: “I haven’t had a single penny of what I am owed. “The Jelavic money should be used to pay the businesses they owe money to but it’s clear they have no intentions of doing that. “I don’t think I will ever see the money I am owed. “I was a Rangers fan and I employed six others to work there but they lost their jobs too. “I am just peed off by the whole thing.” The letter from BDO also revealed that the liquidators made a whopping £635,000 acting on Rangers’ behalf between October 2012 and March this year. Legal fees of more than £500,000 have also been paid out to various firms using cash from the liquidation estate. 0 Quote Link to post Share on other sites More sharing options...
JTP 0 Posted November 25, 2013 Share Posted November 25, 2013 Another excuse to roll out the BIG BAD RANGERS card ............. 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted November 25, 2013 Share Posted November 25, 2013 They always roll out the "kid's entertainer" - seems like it is just a stick to beat us with. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,348 Posted November 25, 2013 Share Posted November 25, 2013 I find it strange that BDO have not written to me as a bond holder and therefore a creditor. 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted November 25, 2013 Share Posted November 25, 2013 At the risk of sounding pedantic BDO aren't acting on Rangers behalf. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted November 25, 2013 Author Share Posted November 25, 2013 The only time Legal fees are thought to be a good thing. . . . when Rangers are paying. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,263 Posted November 25, 2013 Share Posted November 25, 2013 Does any creditor actually expect to see much of any money BDO receives? Is anyone surprised that BDO, much like D&P, have first pick on any money received? IMHO, if this money is used for legal fees to unravel anything Whyte, HMRC and Lloyd's did, would any Rangers man object? You have to admire the "Oldco Rangers" remark though. Sidenote, since Everton still owe "the club" money, can we have him back in January? He ain't playing for Everton anyways ... (yeah, that was tongue-in-cheek on various levels) 0 Quote Link to post Share on other sites More sharing options...
True_Ger_1872 2 Posted November 25, 2013 Share Posted November 25, 2013 Sidenote, since Everton still owe "the club" money, can we have him back in January? He ain't playing for Everton anyways ... (yeah, that was tongue-in-cheek on various levels) Does that not also mean that Everton are cheating in the PL?? You know, the same for of cheating we were accused of from fans of other clubs because we still had outstanding payments for Lee Wallace? (also...tongue in cheek) 0 Quote Link to post Share on other sites More sharing options...
Chibmark 15 Posted November 25, 2013 Share Posted November 25, 2013 I find it strange that BDO have not written to me as a bond holder and therefore a creditor. I got my letter last week, Dell. 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted November 25, 2013 Share Posted November 25, 2013 About the only pople who get money out of an insolvency are accountants, insolvency practicioners and solicitors. 0 Quote Link to post Share on other sites More sharing options...
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