SPL Season 2010-2011 **Spoilers** (Read the Rules Before Posting) - Please read new additions to ru

[eddiemcgarrigle]

Cali Thistle really need to buy a cover for that pitch. To be rained off once is acceptable but twice in four weeks is not.

Anyhoo, great result at Ibrox which should bring our resident Rangers supporters back down to earth with a bump.

 

[afraser2k]

Wonder if Goodwillie wants a move to Celtic in the summer with the current Rangers debt "crisis"?

Great result for Dundee Utd coming back twice and getting the winner in the 89th minute. Hamilton looking good for relegation after losing to St Mirren today as well.

Edinburgh derby to look forward to tomorrow.

 

[Pen66]

Goals from the Rangers v United game:

Some decent goals in there. Goodwillies finish for the winner is class, watch the replay from behind the goal at ~2:00.

 

[eddiemcgarrigle]

Did anyone hear the arguements on Radio Scotland between Chick Yound and James Traynor? An ongoing discussion into the reporting of the Rangers v The Taxman story and a Rangers director admitting Rangers would be in crisis if they lost their case.

Midway through the discussion Traynor turns up the personal nature of the attack saying: “I remember you when you were at the top of your game at the Evening Times, sadly we lose it, some of us can’t hack it.”

Young left the Evening Times in the late 1980s and has been with the BBC for more than twenty years.

Soon afterwards Young said: “I’ve called the Daily Record liars in the past.”

Traynor was quickly back on the attack: “I think somebody in a position of authority in BBC should have a whisper in your ear and say enough is enough, you are in enough trouble already.”

After a relatively calm period describing other aspects of the crisis at Rangers the simmering contempt between Young and Traynor took a very personal turn for the worst.

“I’m just wondering now you’ve become a Rangers puppet,” Young added.

Traynor fired back: “Thats a direct quote from Rangers 20 year cheer-leader, well done Charles.”

Oh, with regard to the game today, Johnny Russell's goal must surely be goal of the season. I also found it funny that he seemed to signaling to the Rangers supporters that he just couldn't get enough. Priceless.

 

[doopydug]

The Rangers game looked like an exciting watch - wish I had seen it.

 

[doopydug]

Not had a chance to read Rangers financials yet - anyone know what the debt has fallen to?

 

[afraser2k]

Not had a chance to read Rangers financials yet - anyone know what the debt has fallen to?

Latest figures released were up with the club blaming the weather and that results should show a fall at the end of the season. Reckon the club can handle it even without Whyte but will be done if they're hammered by the tax case.

Most likely scenario would be Rangers go into administration and end up with a 10 point deduction with HMRC losing millions of any deal. The SPL won't let Rangers (or Celtic if they got in trouble again) go into liquidation as it'd be the death of the league.

Also reported today that Craig Brown and John Boyle getting into an argument in the tunnel at the end of the Motherwell/Aberdeen game allegedly over their bonus payments case before Brown left Motherwell.

 

[doopydug]

Latest figures released were up

Yeah - I had a wee google this morning - kinda shocked by that. The way everyone was talking, the debt was gonna go DOWN by £10m or so.

There were guys on here saying, just in the last week or two, that Celtics debt may even be higher than Rangers now - is there any explanation for the massive difference in what was expected?

How could everyone be so wrong? I thought it was generally accepted that Rangers sound financial management and the income from European football etc were going to seriously reduce the debt.

It's common practice too, to make the figures look as good as possible when in the throes of a takeover bid - this is extremely disconcerting.

 

[semi-pro waster]

Was about to post it's not looking good for Hearts at Easter Road right now with only ten men and 2-1 down but they've just equalised.

Not sure who scored it as the Sky Sports Score Centre is giving conflicting information.

 

[Haiku]

Hibernian 2-2 Hearts

Hibs could and should have won that game. Superfluous to say that the penalty/red card was the turning point, before that Hearts looked the more purposeful side. Ah well, seven games unbeaten isn't a bad record to take into our next game against Celtic.

 

[afraser2k]

Yeah - I had a wee google this morning - kinda shocked by that. The way everyone was talking, the debt was gonna go DOWN by £10m or so.

There were guys on here saying, just in the last week or two, that Celtics debt may even be higher than Rangers now - is there any explanation for the massive difference in what was expected?

How could everyone be so wrong? I thought it was generally accepted that Rangers sound financial management and the income from European football etc were going to seriously reduce the debt.

It's common practice too, to make the figures look as good as possible when in the throes of a takeover bid - this is extremely disconcerting.

Depends on if the fall is due to the weather/fixture chaos or due to the 5% fall in season tickets, the report stated the club expects debt to fall to £22m by the end of the season and I think that's if they don't win the league.

For Celtic I guess it's due to missing out on the group stages as they've been balancing the transfer budgets most seasons thanks to McGeady's money. If I remember correctly they also saw about 5% drop in season ticket sales last season so looks like the economy taking its toll on the clubs.

Anyway, good derby yesterday mired by sectarian singing yet again and idiots running on the pitch.

 

[McMav]

Breaking news on Sky Sports. Rangers owner David Murray agrees to sell club in 50 Million pound deal. Clubs debt to be wiped out. Deal now going to the Board to be rubberstamped. This is of course a formality as he is majority shareholder they cant stop it really.

 

[doopydug]

Breaking news on Sky Sports. Rangers owner David Murray agrees to sell club in 50 Million pound deal. Clubs debt to be wiped out. Deal now going to the Board to be rubberstamped. This is of course a formality as he is majority shareholder they cant stop it really.

Good news that the deal is done, if true - been dragging on for far too long. Not sure where it says that the clubs debt will be wiped out though. As an accountant, I may be reading it differently from you - to me, it reads that he is doing a 28m deal and the loan to LLoyds TSB will be cleared but, if like most football club sales (remember Man Utd), this is likely to be transferred to another borrowing source, thats all - just more manageable with less restrictions. Typically, it will be to one of his own companies that Rangers will now owe the money too - a la Hearts. The rest of the clubs debt will be cleared in time (this would have happened anyway so long as Rangers continued to make profit).

I may be wrong however, but very rarely, do genuine businessmen (read rich people) magic funds out of nowhere with no strings attached.

 

[eddiemcgarrigle]

Did it mention anything about the tax case against Rangers?

 

[McMav]

Eddie no why would it?

 

[Nor]

Eddie no why would it?

I don't think it'd make sense for anyone to buy Rangers just now and become potentially liable for a large tax bill. Paying out £30m right now, and then Rangers going into administration if they lost the tax case would be a quick way to lose all your money.

News that David Murray had agreed to sell to Craig Whyte came moments before MIH (Murray's company) posted horrendous accounts (accounts which haven't been much of a story as a result of the big news that Rangers are being sold). Coincidence?

Whatever. I hope Whyte does buy Rangers today, just to end this saga which has dragged on forever.

 

[eddiemcgarrigle]

Eddie no why would it?

Mainly because one of your directors admitted that if you lost the case you would be likely candidates for administration. It doesn't make sense for anyone to buy into a company, regardlerss of loyalties (not that your lot are very loyal otherwise they would have snapped the share issue) when they could lose all of their investment just a few months later.

There's a big gorilla in the room but you fail to see it.

 

[McMav]

No its there but I doubt there is anything to answer hence why a takeover is almostcomplete.

 

[McMav]

Mainly because one of your directors admitted that if you lost the case you would be likely candidates for administration. It doesn't make sense for anyone to buy into a company, regardlerss of loyalties (not that your lot are very loyal otherwise they would have snapped the share issue) when they could lose all of their investment just a few months later.

There's a big gorilla in the room but you fail to see it.

TIDMRFC

Further to some press comment today following the release of our Interim
Results, we would like to clarify that our Chairman did not state that the Club could go out of business.

Moreover, we would refer interested parties to the section in the Interim
Results (paragraph 7) that covers the current position with the HMRC enquiry and importantly to the fact that the Club continues to vigorously contest HMRC's challenge and in doing so continues to receive reassuring opinion from tax, accounting and legal specialists.

The directors of The Rangers Football Club plc accept responsibility for this
announcement.



END


(END) Dow Jones Newswires

Dont let facts get in the way eh? Just go with the media sensationalism to get a headline. That and the budding kerrydalestreet (hope I spelt this right this time )forum experts.

 

[McMav]

I don't think it'd make sense for anyone to buy Rangers just now and become potentially liable for a large tax bill. Paying out £30m right now, and then Rangers going into administration if they lost the tax case would be a quick way to lose all your money.

News that David Murray had agreed to sell to Craig Whyte came moments before MIH (Murray's company) posted horrendous accounts (accounts which haven't been much of a story as a result of the big news that Rangers are being sold). Coincidence?

Whatever. I hope Whyte does buy Rangers today, just to end this saga which has dragged on forever.

Missed this Nor I though this was last years accounts where they did indeed lose about 223 Million. I believe this year they are looking a bit better at a reported 20 Million profit.