So HMRC have finally put their foot down as a major creditor and have voted against Rangers pushing through a CVA. This means Rangers are to be liquidated, and the club with all its history is effectively gone. As we have seen in the past when clubs have fallen this way, they have dropped into Non-League football and had to fight their way back. Will this happen to Rangers as it should? After all, it will be a brand new club simply using the name Rangers. With the SPL being in such bad shape, it is very likely that SPL clubs will vote to allow the new club a slot in the SPL simply because of their away support and the money that brings. Yes, some sanctions will be agreed, but is this right? Surely New Rangers should, at the very least, start in the Third Division and earn the right to play in the SPL. The key here is that Rangers FC as we knew it is gone. Yes, the new club may play in the same kit and use the same name, but the old club is gone. Should New Rangers go straight into the SPL it will be a complete farce. The message will be that clubs can go an overspend, get liquidated - yes, not administration - and simply restart in the same Division. Sorry, with football spiralling dangerously out of control thanks mainly to massively overpaid players, New Rangers should restart at the bottom. If Inverness had gone into admin and HMRC were their major creditor and shut them down, would the SPL have blinked? No, and a new Callie would probably have had to start in the Highland League. I am against any club getting preferential treatment for going out of existence. Yes, it is hard on the fans, but football needs to clean its act up and start taking better care of its fans. Instead football is taking advantage of the fans, knowing they stay loyal to their clubs. It's not as if fans just go and switch brands when they are unhappy with their team (except for the new fans Scum attract each season), so football takes advantage of this loyalty and behaves as it wishes. Monday night games, staggered kick-offs on a Saturday, insane wages, bad behaviour, diving, rolling about, you name it...just a lack of respect for the fans. So back to New Rangers. The old club behaved very badly in putting itself at risk and now its gone. New Rangers? Start at the bottom and send a message once and for all. Football fans don't want or need shyster owners running their clubs into the ground.
Surely as you said they will have to go down to the third tier. Unfortunatley It will affect alot of other SPL clubs due to the fans Rangers will take to away games & I guess tv revenue as well. Rangers will bounce back, its the 'smaller' clubs around them that may suffer more so though. any players worth nabbing?
After our past problems I don't wish it on any fans but agree, they should start at the lower tier. However if they do could their premier league survive without them? If they have to start again on the bottom rung what would the chances be I wonder of them applying to join our league as Cardiff and Swansea have done?
Isn't there a precedent for this situation. Can't remember if it was Livingston dropping 2 leagues or Airdrie going bust, buying Clydebank & renaming it Airdrie United. Still think rangers will manipulate their way back into the SPL, however.
I wish that the HMRC had done this to Leeds United, companies including football companies/clubs should pay their taxes. However the history of Rangers & the fans passion can not be liquidated, the history and spirit of a football club is far more than any business or Golden share.
Ken Bates sells Leeds United for tens of millions. Ken Bates buys Rangers for a fraction of that. Ken Bates saves Rangers. Ken Bates, upon leaving Leeds United, saves Leeds United. I found that under "Win-win" in the dictionary. On your way now Ken.
Didn't we do that? We failed the CVA, we have a newco, etc etc. BTW, according to the administrators, the sale of the "club" will happen before the "company" is liquidated, and this saves the name and the history in exactly the same way Bates "saved" (sic! - yeah, ****ing sick!) Leeds UNited
The Rangers situation is really serious and I would be very worried if I was a Rangers supporter, as the club may not survive in any form unless a "proper" deal is agreed between a buyer and the administrators. The whole thing stinks and I know an investigation (legal) will follow into how the current administrators were appointed and why they refused to agree to bids from various organisations/investors. The current legal bill for the administrators is £1.8m, which is utterly astonishing and will require a complete audit. I'm not sure if anyone in England is aware that the current administrators at Rangers, Duff and Phelps, were also involved in Craig White's takeover and advised him on how to buy the club, there is a clear conflict of interest and I would not be surprised to see prosecutions commencing on the whole thing very soon. The former Rangers owner David Maxwell is not coming out of this very well either, perhaps his time as a businessman has come and gone. As for Rangers dropping to the 3rd Division, I can't see it happening. If they do continue (and that is in the balance) they will remain in the SPL and use youth/reserve players. I support the opinion that Scottish football would be worse off without Rangers and therefore they need to remain and bring on the next Scottish talent.
There is nothing to buy from administrators, all that happens now is the assets are sold, and that is what Green will buy for £5.5m with HMRC getting the lion's share of that. Rangers cease to exist, end of. Leeds did come out of their CVA and were not liquidated. The difference was Leeds did a deal whereby they paid HMRC first rather than their "football creditors" and this pissed off HawHaw and his cronies as it set a new precedent, hence the pathetic, never to be repeated fifteen points deduction. The thing with Rangers is that in effect a brand new club may well be voted straight into the SPL, which is just ridiculous.
That historic account is certainly not how I remember it. The HMRC challenged the CVA and it would have gone to court but Bates pulled away from it, got KPMG to hold a firesale and used a £17m wipeout of debts by Krato etc to ensure he had the best deal, agreed through KPMG how much would be paid to creditors (leaving HMRC worse off by some £7m), bought LUFC as a newco and started again with a clean slate other than the commitments to creditors if we are promoted to the Prem before 2017. We never paid back HMRC more than any other non-football creditor in percentage terms. We were unable to get our Goden Share back because we DID NOT come out of administration with a CVA. The issue went to the Football League and we agreed an extra 15 point deduction over the previous 10 points and remain in League 1 rather than drop to League 2. I'm not senile yet BS. I do have a memory. I question yours.
The SPL clubs' vote on whether to allow Rangers Newco back into the SPL will be interesting: chairmen have been saying recently that they're under pressure from their own fans to vote 'no', whatever they themseves think about the financial implications. 'Footballing integrity' has been the phrase banded about. They're also in a bit of a cleft stick - vote 'yes' and they might see the continuation of Rangers' away support (at the risk of alienating some of their home support), but fall victim to a wholesale boycott of Celtic away fans. Vote 'no' and they could retain their own support and guarantee the visits of the Celtic support. The vote is by no means a foregone conclusion. In a way I envy the Rangers supporters, they have gone into administration (and ultimately liquidation) without the pain of witnessing a slide down the divisions with all their decent players sold. They might start back in an equivalent position to where we ended up.
When people say it will be a disaster for the other Scottish clubs because they will lose the revenue from games with Rangers, what they actually mean is that the clubs in the SPL will lose out for three years, but even then there will still be cup game payouts. Instead, all the clubs in Div 3, 2 and then 1 will all benefit from having Rangers in their division for a year as they make their way back to the SPL. Unfortunately for them, it's the other SPL teams who are voting on whether to allow Rangers back in and really, you just can't see them saying no.
At the end of the day its all about money the other clubs in the league will loose millions of £ in revenue if Rangers are demoted and Celtic will have little incentive as the will win the league every year by a country mile so attendances will go down supporters will watch other games from the pub rather than watch the garbage thats left
