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Always going to happen, Scottish football died on its arse many moons ago.
And, as I've just posted in the finance thread, they have securitised the next 4 seasons ticket income already - just to get some cash in to keep going .
They're doomed .
I think we should let Hibs and Motherwell join the PL
Happened a while ago.
I'm so gutted for my smug Rangers ex mate who said they both would finish in the top 4 in the Prem...
And that the top teams would all welcome them (well admittedly they would get more away support that playing at more than half the PL but as no one gets a slice of the away gate any more, who cares ?????)
Couldn't give a flying **** to be honest. They don't give a damn about us so tough titty.
To be correct, they have filed papers for the intent to go into administration.
Some see it (backed by the club's statement) as a last ditch effort to force HMRC's hand to accept a settlement (if Rangers go into admin they get **** all).
Pinky, what do you think the likely outcome will be of all this. Will Rangers be liquidated? Will they sell off all assets and start again lower down the leagues? Will a rich man come and save them?
My guess there will be a Mr big sitting in poundland, waiting on the verdict of the tax case, then they'll buy them remember Celtic were an hour away from administration then Ferguson mc cann saved them not that long ago
No, I don't see a rich man coming along , but the real issue is whether HMRC will pursue them post administration for some or all of the £49m .I really am not sure of what , if any options HMRC have .
One thing to bear in mind is we can be sure there will be a campaign against HMRC if they attempt to liquidate them, although HMRC will point out they are being fair and treating them the same as Pompey .
My bet is they go into admin , cut a deal with HMRC as to what proportion of the £49m they can accept - maybe 20 pence on the £ or some such .Rangers will not be able to exit administration unless a CVA is reached , which given the fact HMRC will be the largest creditor , would need their agreement .Were Rangers to remain in administration at the start of next season there is no way they would be granted a UEFA licence to compete in European competitions, and would also face a points deduction next season as well as this, in domestic competitions .
I would be amazed if HMRC pushed for liquidation .The political fallout would be immense .
"And a warm Sky Sport's coverage of the New Firm Derby....Celtic v Partick Thistle"
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