18 Mar 2015 10:57:38
I thought the obsession with Rangers inflicting ra selik supporters (faithful through n through) would be waning by now but it seems as strong as ever, could it even be growing still? Why one of the self proclaimed best supporters in ra world posts more on here than the Rangers fans baffles me. Maybe its because ra selik only interest me when we play against them, but hey each to their own and if they find my Club more interesting than their own maratime bhoys from the land locked east end of Glasgow maybe its time to switch coats n and colours.

1.) 18 Mar 2015
18 Mar 2015 11:26:56
Hey RM gers, luckily it is just a select few who are obsessed. A few of my friends are celtic fans and they were laughing at their so called fellow supporters posting drivel on the Rangers banter site. I think those with the 'obsession ' also have the fear. The fear that perhaps, once time is given, the Gers will be back and properly challenging .
Of course some smarty pant r£nt find it fathomless that things require time to change. Rome wasn't built in a day.

2.) 18 Mar 2015
18 Mar 2015 11:35:33
Rangers will not be back. Time to start taking it all in.

3.) 18 Mar 2015
18 Mar 2015 11:41:03
The trouble with that sentiment Nipponbear is that King sold us a story of imminent catastrophe if the board were not removed. The catastrophe is still with us, and the board seem to be very slow at taking the steps required to steer us clear of the immediate danger of liquidation. (i.e. cash injection to pay the bills)

Sure a long term strategy is nice, and nobody expects that sort of thing within the first couple of weeks, but there are things which need to be done now to save the club from another insolvency event. unless.

. the plan all along was for insolvency.

If we're not going to make the play-offs anyway, we could take a points hit by liquidating. But we still need to have enough points so that deducting 25 points doesn't push us into the relegation zone.

So I think the board are waiting, waiting to see how many points we can get out of the next few games, enough so that a deduction because of insolvency doesn't put us down a league. What they are not going to do is put their money into a club which is bleeding cash to offshore investors, and ex-managers all over the place.

Grim, but better to face reality.

4.) 18 Mar 2015
18 Mar 2015 11:46:55
Relax Marten . Keep calm and pour yourself a hot chocolate. Fear and worry are making you post this nonsense.

5.) 18 Mar 2015
18 Mar 2015 12:00:03
Martyboy I take it you like a punt, offering non runners as tips, so here a bet I will offer you in responce to your last post, I bet you that we will be back before you leave school, in fact I will bet you your first weeks wages, that's if you find a job in these hard times.cmon you know you want too.

6.) 18 Mar 2015
18 Mar 2015 12:02:27
I think you are right Nipponbear and I think you are right on cue Martybhoy.

7.) 18 Mar 2015
18 Mar 2015 12:10:08
I'm nice and relaxed. You were all bumping your gums last few we will do this and do that. I'm your reality check that's all. Prediction for tonight anyone. 1 nil celtic I think. I said you would sneak a draw last night. I'm on a roll. Stokes first goal. There you go. Make yourself a few quid. Put it into your club if you want.

8.) 18 Mar 2015
18 Mar 2015 12:16:24
And how will the fans react then? I assume rock bottom attendances and similar actions as we have had in the last few months. Where will that leave the new board?
The steps required will take time, it's been barely three weeks, the onions in my fridge are older. I bet had we won the last two games no one would have this tainted vision of what the current board has planned. Before any money is invested they have to go through the books with a fine comb- I repeat it takes time.

9.) 18 Mar 2015
18 Mar 2015 12:24:02
Also,
In your scenario where they take the point hit, we will be starting the next season with whatever players are still contracted plus a transfer ban. Not likely to succeed then, couple that with an empty Ibrox discount sponsorship etc seems a little foolhardy and not much to profit from.

10.) 18 Mar 2015
18 Mar 2015 12:24:04
Why oh why would King and TPL spend £5 million on shares then liquidate the company, we know you are a hater of all things King expat but Mr Park who is worth I'd say hundreds of millions, Mr Taylor, head of trading at HSBC, Mr Letham, self made millionaire and Mr King who has earned enough to pay £44 million in a tax sellement did not gain their respective fortunes to pay £5 millionfor a 35% stake in an undervalued company to liquidate it. If they wanted liquidation they would not have bought shares and left the old BoD to do it, because under their watch tthat's exactly where we were heading and coming out the other side with no assets ie Ibrox, Murray Park, Edminson House, Albion Car Park, Rangers Retail, Club Crest ect would ALL belong to Mike Ashley. If ANY Rangers fan wanted that its time for a mental health check up. Fans of other Clubs would love it though.

11.) 18 Mar 2015
18 Mar 2015 12:36:59
At least someone is talking sense on here. The only way to rid yourself of anything is administration. Again. And I have left school thank you very much. But I'm glad to see you like to give school boys your time.

12.) 18 Mar 2015
18 Mar 2015 12:43:40
Good to know, coming from a financial expert.

13.) 18 Mar 2015
18 Mar 2015 12:55:01
I see this season as a write of unfortunatlely, though I do look forward to the future when we get back to SPL and playing competativly against Aberdeen, Pacific Shelf 595 and DU . I would not resign any more ex players that have been mentioned and would let the likes of Miller and Boyd go . The expectation from these two guys was enormous but they never delivered. As I have said still looking forward to the future. Season ticket being renewed again.

14.) 18 Mar 2015
18 Mar 2015 13:10:11
I'm no expert. Common sense here. Yes you changed directors. You have not changed the fact you are a loss making company. You needed loans to sort you out for a few months at least. Unless I'm mistaken there has been no cash injection so therefore nothing has changed. Mr Ashley still making a pretty penny as are others. The boards hands are tied I'm afraid. You are still losing money at an alarming rate. Any money put in will just disappear so therefore only way out is to break all these contracts hence administration.

15.) 18 Mar 2015
18 Mar 2015 13:16:48
Well we'll see Nipon, I only offered it as a suggestion.

As for investing in a company they then liquidate, it makes business sense - if they can be preferred purchasers of the assets afterwards (like Green was). Then they would have complete control, away from Ashley's stranglehold. and probably other hangovers such as McCoist's gardening fee.

Although we were promised transparency, King & co have offered us guy little of it over the last week or so, so speculation is all we have.

16.) 18 Mar 2015
18 Mar 2015 13:23:20
When Rangers start taking advice and going into administration on the advice of or to make Selik fans happy, I'm a Professor of Economics (money matters Marty), its obvious you would love to see us in admin or liquidation again so that Aberdeen and Dundee Utd are your main rivals and "competition" you are all getting excited about winning a "treble", well Martybhoy this should be your third treble in a row and if you win it this year its still a fail because you should have won every domestic competition you entered without your only " real" competition. Our trebles were won including yourselves and you know that means a whole lot more.

17.) 18 Mar 2015
18 Mar 2015 13:32:45
You are as much a financial expert than I am. I'm a facts person. You are a loss making company fact. You have no credit line to a bank. Fact. You have no investment. Fact. You don't own much of your club anymore. Fact. Mr king has disappeared now he's seen the book. Fact. Do you want me to go on.

18.) 18 Mar 2015
18 Mar 2015 13:33:45
As much understanding as a bamboo stick. There are other means to raise capital Marty boy. Patience required. Who's demanding payment?, are players going with out wages?
Over thinking is dangerous for Marty!

19.) 18 Mar 2015
18 Mar 2015 13:53:03
Which board give day to day press conferences? Go into administration and the assets go to the one who has securities over them- Ashley.
In the scenario of admin then sold to preferred bidder will be working with dribble of fans, depleted squad, transfer bans, no training facilities etcetc
All this worry over the new board scheming seems a little paranoid, possibly born from our last two results.

20.) 18 Mar 2015
18 Mar 2015 14:16:31
"Go into administration and the assets go to the one who has securities over them- Ashley. "

No they don't. What happens is that the assets get sold by the administrators, and the money raised form those particular assets goes to Ashley. This is what a first charge means.

Since nobody else is going to buy the assets except King (why would Ashley buy them off himself?) he gets them at a preferential price (much like the way Green did at 5.5m). Ashley only gets some of his money back. As a play to avoid paying Ashley all of the 10m, it actually makes sense - but only if we aren't going up anyway.

This is why I think the board is waiting.

21.) 18 Mar 2015
18 Mar 2015 14:44:11
Why would no one else buy the properties?

22.) 18 Mar 2015
18 Mar 2015 14:59:31
Well, in answer I would return the question. who else would buy them, except people interested in running a football club. They are of very little use to any other investor.

I suppose someone might buy the stadium andMP with a view to renting them back to us as a long term investment, but that would only happen if there was a sustainable "us" to rent it back to after an admin event where we'd lost the assets. A risky proposition, I'd say.

There would really only be King and the 3B with the money and the desire to buy up the assets, and they'd get a preferential market price from any administrator they appointed.

Green paid 5.5m, I'd guess the assets were worth much the same now. Bang, saving of 4.5m straight away, and a clearance of HMRC debts, other outstanding debts and contractual obligations, onerous contracts, and two fingers to Ashley (who'd only get half his money back) in one swoop.
Obviously they'd lose their investment in the shares they bought, but they are perhaps thinking longer term.

If the 25 point deduction (+ 5 for not paying social taxes perhaps, but all negotiable) doesn't put us into relegation. And if we're not going to make the play-offs (since getting promotion, however unlikely it seems now changes the game plan a lot) then now would be the ideal time to make such a move.

It would be a tough sell, for the new board, I grant you.

23.) 18 Mar 2015
Nippon,
King Park Gilligan and Murray are NOT taking Rangers to Admin 2 they actually stopped Admin 2 and currently EVERYTHING to do with Green and Ashley is under forensic investigation which for the intelligent amongst us (not pat) means weeks of scrutiny of all the contracts and loan terms.

Pat is a silly little man that is bitter and hasn't a clue about the realities of what is actually happening at Rangers

Ignore him as all Rangers real fans do

He is a celtic supporter incase you did not work that out

24.) 18 Mar 2015
18 Mar 2015 18:34:34
KT I have said the same long ago, using the word WE, pathetic, never read a positive word about Rangers from him, he must think he, s being very clever, actually how sad is that?

25.) 18 Mar 2015
18 Mar 2015 19:14:52
Matyybhoy your a facts persoon your also telling lies you tipped us to lose 2v3 yesterday fact

26.) 19 Mar 2015
19 Mar 2015 08:54:07
Tommy and KT, completely unable to actually argue with facts, resort to name-calling. Again. Pathetic.

In my experience, the first people to accuse others of being Timmy are to be watched very carefully.

27.) 19 Mar 2015
19 Mar 2015 09:52:44
How can they be preferred purchasers expat when Ashley holds security over every asset bar Ibrox expat?

28.) 20 Mar 2015
20 Mar 2015 09:12:09
Holding security over an asset in a loan only means you get paid first if the assets are liquidated, it doesn't mean you get the assets if the company goes bust.