Rangers officially in administration. - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Rangers officially in administration.

ants97 Avatar
4y, 6m agoPosted 4 years, 6 months ago
I may as well get this on before the celtic fans get back from the dole office.

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17015966

Seemed inevitable but gutted is not the word and worrying times ahead for scottish football.
ants97 Avatar
4y, 6m agoPosted 4 years, 6 months ago
Options

All Comments

(235) Jump to unreadPost a comment
Comments/page:
Page:
1 Like #2
Ohh my, I'm not a fan but sad times.
banned#3
Does that mean Celtic win?
#4
Doesn't add up does it how the most successful club over the last 10 years of any national league can go into administration.
2 Likes #5
greg_68
Doesn't add up does it how the most successful club over the last 10 years of any national league can go into administration.


That's a question for sir david murray and the crooks on the old board. Everyone of them should be hanging their heads in shame over their mismanagement.
#6
greg_68
Doesn't add up does it how the most successful club over the last 10 years of any national league can go into administration.


Just what I was thinking.
#7
master_chief
Does that mean Celtic win?


Pretty much yeah, they'll be docked points.
1 Like #8
greg_68
Doesn't add up does it how the most successful club over the last 10 years of any national league can go into administration.

Winning a two horse race is no measure of success... sad times though, will ultimately lead to the detriment of the game north of the border.
banned#9
pulsex0r
master_chief
Does that mean Celtic win?

Pretty much yeah, they'll be docked points.

I meant in general.
#10
master_chief
pulsex0r
master_chief
Does that mean Celtic win?


Pretty much yeah, they'll be docked points.


I meant in general.


In that case.. yes too? :3
banned 2 Likes #11
Who?
1 Like #12
Hahahahahahahaha!
#13
It seems wrong that Murray was chairman when Rangers "may" cheated the taxman, but he gets away with it.
#14
I bet my dad will be rubbing his hands with glee.
1 Like #15
Syphilis 1947, Polio 1952, Rangers 2012 - for very disease there is a cure.

Edited By: moob on Feb 13, 2012 15:46
banned#16
Perfect time for Celtic to bail them out. Ultimate humiliation.
1 Like #17
Oul Nut's and RFC gone, the "Let's all laugh at Celtic thread" "Snigger Snigger" will never grow old
#18
sparkyIreland
Oul Nut's and RFC gone, the "Let's all laugh at Celtic thread" "Snigger Snigger" will never grow old

RFC gone?
banned 3 Likes #19
FilthAndFurry
Who?


You probably won't have heard of them. Difficult to be aware of things further away when your head is so far up your own rectum.
banned#20
One down, one to go.....
#21
still would be 9 points clear of 3rd after the deduction of points oO
#22
FilthAndFurry
One down, one to go.....

Who? Partick Thistle?
#23
Guarantees another year of Lennon though.
banned 2 Likes #24
backinblack
FilthAndFurry
Who?


You probably won't have heard of them. Difficult to be aware of things further away when your head is so far up your own rectum.


Sorry - just got to pop to the library and move all the Glasgow Rangers books from the Sports section to the History section.
1 Like #25
There's a certain irony that it's the Queen's tax department that may signal the end for the oh so loyal Gers. I won't miss them and I'm sure there's a few European cities that won't either, still think they're too big to go out of business though
banned#26
FilthAndFurry
backinblack
FilthAndFurry
Who?


You probably won't have heard of them. Difficult to be aware of things further away when your head is so far up your own rectum.


Sorry - just got to pop to the library and move all the Glasgow Rangers books from the Sports section to the History section.


Don't be silly. All you'll need to do is add a "'12" to the end of Glasgow Rangers. Is that not what happens these days?
suspended 2 Likes #27
Shocking mismanagement. A club with their massive support, and over 40,000 a week in attendances going into administration is a joke.
banned 1 Like #28
So were Rangers the villains of scottish football then? I notice they had that dodgy WMN supporting them.
#29
Unlucky mate, sad news
[helper]#30
Rangers will continue - they still have a large fan base and a the right price someone or some group will step in.

There should be some interesting chants at the next old firm match.........

Edited By: gari189 on Feb 13, 2012 16:04
4 Likes #31
Billy the Hun was walking his dog one day, when he spots an old lamp. He bends down to pick it up, and starts to rub it to clean it.
Suddenly, a genie appears and says "I am the cut price genie. I grant but one wish"
Billy thinks for a while and then says "Make my dog, 'Advocaat' win Crufts"
The genie looks at Advocaat and says "Don't be stupid, look at the thing. It's mangy and bald, its got fleas, its got a bit missing from one ear, it limps and it smells. I might be a genie, but I'm not a **** miracle worker"
"Alright then", says Billy " Make Rangers win the League this year"
The genie stops for a moment, then says "Lets have another look at that dog again?" X)
#32
gari189
Rangers will continue - they still have a large fan base and a the right price someone or some group will step in.

There should be some interesting chants at the next old firm match.........

Theres no chance anyone would want to buy them atm, if there looking at buying into a club and immediatly loosing 49mill straight away. Sad state of affairs, and it'll no doubtably take away the glory of our season :(
#33
master_chief
So were Rangers the villains of scottish football then? I notice they had that dodgy WMN supporting them.


Both teams have some absolute nutters supporting them. Lot of good decent people too but the bad ones are beyond the pale a lot of the time.

WMN is a supporter, but as a side note, the person he argued with here on HUKD about the phone has had another dispute about a phone!
#34
DannyM
gari189
Rangers will continue - they still have a large fan base and a the right price someone or some group will step in.

There should be some interesting chants at the next old firm match.........


Theres no chance anyone would want to buy them atm, if there looking at buying into a club and immediatly loosing 49mill straight away. Sad state of affairs, and it'll no doubtably take away the glory of our season :(


The treble is looking very promising now! Although I did not see Rangers stopping you in the league anyway.
#35
AberdeenDad
DannyM
gari189
Rangers will continue - they still have a large fan base and a the right price someone or some group will step in.

There should be some interesting chants at the next old firm match.........

Theres no chance anyone would want to buy them atm, if there looking at buying into a club and immediatly loosing 49mill straight away. Sad state of affairs, and it'll no doubtably take away the glory of our season :(

The treble is looking very promising now! Although I did not see Rangers stopping you in the league anyway.

Yeah but itll take away from the season that weve had, i mean coming back from such a deficit before xmas, be no praise there. Also with the situations that the team and manager have went through, but hey ho these things happen, Im away for some jelly and ice cream :)
#36
banned#37
gari189
Rangers will continue - they still have a large fan base and a the right price someone or some group will step in.


Any idea how much? I might treat the littlun for his birthday! X)
[helper]#38
guv
gari189
Rangers will continue - they still have a large fan base and a the right price someone or some group will step in.

Any idea how much? I might treat the littlun for his birthday! X)
You really have to ask?

'bout tree fifity :p
[helper] 1 Like #39
From the Beeb

Now that Rangers are heading for administration, what does this mean for them in a football sense?
Firstly, they will be deducted 10 points by the Scottish Premier League. That is a standard punishment for any SPL club suffering an "insolvency event" as covered by the league's rules. They state: "Where the Insolvency Event occurs during the season, the points deduction shall apply immediately." That will leave Rangers on 51 points, 14 points behind the SPL leaders Celtic.

Will they be able to play against Kilmarnock on Saturday?
There is no reason why they wouldn't be able to fulfil the fixture, unless the administrator appointed disposed of such a large percentage of the playing staff that a team could not be put together. That scenario is extremely unlikely.

What happens to the players?
That is very much down to the administrator. When a club enters administration, there is a moratorium on the debt to allow the club the chance to continue. Players' contracts are still valid and will continue to be honoured if the administrator decides the club can afford to do so.

There may be some redundancies if the administrator decides there is not enough cashflow to pay everyone, but it is often preferable to retain the club's top players if possible, if only to sell them on in the next transfer window.

Players may be asked to take a wage cut or, if players are made redundant, they may be offered a settlement. If that is deemed unacceptable they become another of the club's creditors.

What about assets like Ibrox Stadium and the club's training facility at Murray Park - could they be sold?
All of the club's assets revert to the administrator, whose aim is to exit administration by satisfying creditors. As such, the administrator must decide how best to raise the money required to do that, for example selling players or, indeed, fixed assets.

By that rationale, Ibrox and Murray Park could be sold, though the sale of the stadium is more problematic because of the listed building status of the main stand there. Glasgow planning regulations are said to prohibit the training complex being sold for residential development, making the land less attractive to developers.

Can Rangers continue as the same club, with the same history?
Yes, as has been the case with previous clubs who have gone into administration. But it is not always the case. In the example of Airdrie, for instance, the club went out of business, then bought over the registration of Clydebank, who were themselves in administration, and formed Airdrie United, a completely different entity.

When has this happened before in the SPL and what were the consequences?
Four clubs have gone into administration since the SPL was formed in 1998. The first of those was Motherwell in April 2002. They avoided a points penalty, as no such punitive rule existed at that time, but 19 players were released or made redundant.

Dundee also avoided a 10-point deduction, having entered administration in 2004 with debts of around £20m, resulting in 25 staff losing their jobs. They had begun the process of coming out of administration in time to miss the points penalty.

The scenario was the same for Livingston, who had seven players made redundant. But in 2008, Gretna were docked 10 points and ultimately went out of business following the withdrawal of funding by their owner Brooks Mileson.

If Rangers qualify for Europe next season, will they be allowed to play in European competition?
That depends. If they come out of administration as the same entity, their license to compete in Uefa competitions would be issued by the Scottish Football Association, provided they had exited administration by the end of March.

Failure to exit administration by then would mean they would not have a license and wouldn't be able to compete in Europe next season.

If they come out of administration as a different entity, their license would lapse and they would have to apply for a new one. It would then be up to the SFA and Uefa to decide if a new license can be granted.



Edited By: gari189 on Feb 13, 2012 16:44
banned#40
How long would a transfer embargo last?

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!