The Rangers Saga and Fallout Thread

V F · 11 May 2012 at 18:54

I'm shocked at the lack of new discussion since it's over for the Blue Knights.

TheGamingGeneral · 11 May 2012 at 18:56

Nothing really happened though, the press conference was absurd, I never heard the term quantum used so many times before lol. Have maintained from the start it was always heading for liquidation unless some major rangers fan wins the euro millions tonight

Jokester · 11 May 2012 at 19:00

Well the latest is the club will be sold tomorrow, to yet another consortium.

http://www.bbc.co.uk/sport/0/football/18039281

cheets64 · 11 May 2012 at 19:11

Only a consortium would buy Rangers.

pingwing · 11 May 2012 at 19:58

GeneralD said:
it was always heading for liquidation unless some major rangers fan wins the euro millions tonight

cheets64 said:
Only a consortium would buy Rangers.

Maybe a syndicate will

spudbynight · 11 May 2012 at 21:01

White has agreed to sell to Green?

So it looks like Rangers will be saved by Green and White?

Swordfish · 11 May 2012 at 21:38

spudbynight said:
White has agreed to sell to Green?

So it looks like Rangers will be saved by Green and White?

You just could not make that up !!!

Metalface Mark · 11 May 2012 at 21:43

Sheffield Fans hate Green, so it sounds good news whatever happens.

londonbairn · 12 May 2012 at 13:31

Yesterday's BK conference was comical...especially the over the top use of quantum

afraser2k · 12 May 2012 at 14:57

Metalface Mark said:
Sheffield Fans hate Green, so it sounds good news whatever happens.

I don't see him being popular with the fans with his track record and how would the takeover affect the CVA if it needs six weeks to complete?

Kennysevenfold · 12 May 2012 at 20:43

Green is just a front man. He works for some Singaporean billionaire who's involved in a consortium. He was an employee (chief exec?) rather than owner at SU.

233 · 13 May 2012 at 07:22

Kennysevenfold said:
Green is just a front man. He works for some Singaporean billionaire who's involved in a consortium. He was an employee (chief exec?) rather than owner at SU.

quite a few people in that consortium, including Newcastle favourite Freddie Sheperd.

this could provide many more lols yet

doopydug · 13 May 2012 at 09:05

This is beyond farcical now - wish it was all over. There never seems to be any progress made at all.

Jokester · 13 May 2012 at 09:13

http://www.bbc.co.uk/sport/0/football/18049325

Green has bought the Blue.

Still depends on a CVA being agreed though.

afraser2k · 13 May 2012 at 10:21

From the looks of things it's still only preferred bidder status and depends on CVA being agreed, with the cooling off period of 28 days so doubtful they'd be out of administration by the start of the season? If creditor deal not done by the 6th June then it's newco route apparently and still no (public) word yet from HMRC.

If no newco route then comes back to the SFA/SPL for all the other dodgy dealings they're being investigated for so I doubt it's going to be easy for them. Looking like potential for more comedy in the coming weeks.

Swordfish · 13 May 2012 at 12:10

I hope for the integrity of Scottish football (the little that is left), if Rangers form a newco that they are not allowed into the SPL. If there are then I predict a few more clubs will end up doing the same.

afraser2k · 13 May 2012 at 12:45

More from the administrators, it's £8.5m to buy the club that goes to the creditors with a target date of June 6th for the agreement to go through, if not then they'll try for a newco route. Again comes down to whether they know the result of the big tax case as to HMRC's influence on the vote? CVA proposals go to creditors at meeting on the 21st May so HMRC need to release findings soon.

If accepted then the club comes out of administration before the start of the season so wouldn't have further penalty apply. A group of 20 individuals/families in the consortium and they've paid the £500k preferred bidder fee.

spudbynight · 13 May 2012 at 15:12

Who is going to be funding the club at the moment? What is going to happen to the players who deferred wages until the end of the season?

Kennysevenfold · 13 May 2012 at 15:35

Jokester said:
http://www.bbc.co.uk/sport/0/football/18049325

Green has bought the Blue.

Still depends on a CVA being agreed though.

It's an unconditional offer, he IS the new owner no matter what.
Not sure what to think of this tbh.

afraser2k · 13 May 2012 at 15:54

Kennysevenfold said:
It's an unconditional offer, he IS the new owner no matter what.
Not sure what to think of this tbh.

Early reports a bit confusing as to what was going on.

They can't back out of buying the club now so it looks like it's down to the creditors as to what form the club will take next season. With the way things are going it looks like the big tax case results will be announced next week if HMRC want to be part of the creditors meeting?