If Rangers go down the Pan.

"Lord Hodge said he had done nothing until now because he did not want to hinder the process of Rangers going into liquidation.

But, he told the accountants' lawyers: "There is considerable public interest in this jurisdiction in relation to the administration."

Lord Hodge added: "I do not want the administration to come to an end without having received that report."

The report demanded by Lord Hodge is expected to be ready in three weeks and a further court hearing is likely to be arranged after that."

I may be wrong on this but I think that Liquidation and Administration are totally separate.

Reading the report which I've copied above, the judge seems to be saying that now that the liquidation process has started, he is delaying the signing off of the Administration process until the position on conflict of interests is resolved.

It's not entirely surprising that there's a conflict of interest question mark though as the Administrators were actually appointed by Craig Whyte when it became clear that HMRC were about to get the court to appoint Administrators.

Again more confusion, read both points you highlight, but why make the second one “I do not want the administration to come to an end without having received that report” unless he sees it somehow having a bearing on the liquidation?

Adam Mint wrote:Again more confusion, read both points you highlight, but why make the second one “I do not want the administration to come to an end without having received that report” unless he sees it somehow having a bearing on the liquidation?

True

Now it starts to get really interesting.

If there has been a conflict of interest, does that nullify the administrator's sale to Greene ??

If it does then the liquidators would assume control of the assets and their first duty to get the best price for these assets on behalf of the creditors.

Are the SFA going to let this rumble on and on until they have to suspend the start of next season because none of the clubs are sure which league they will be playing in ??

Adam Mint wrote:It’s one of the points I’ve failed to grasp in this ongoing farce, if Rangers have assets worth more than the 5.5 million on the table why are they not in the pot for the creditors, I’ve read reports where there assets have been reported as 70 and 100 million, if either of these figures are correct why are the creditors not getting their share of the companies true value?

If Greene is right and the players have to transfer to the newco (which is very questionable apparently) the playing staff alone must be worth more than £5.5 million

Adam Mint wrote:No No No

http://www.bbc.co.uk/sport/0/football/18539483

We need 5 against though...

Seems like the players are starting to revolt now...BBC Scotland

A complete and utter mess

If they apply to start again as a "Newco" in the third division and successfully work their way back up to the SPL, I have no issues with that. It's this applying to get straight back into the SPL that does my head in. Effectively, there would be no punishment at all if that happened, plus they would have cleared their debt! Where in hell is the justice in that?

...........here,s another wee log for the fire!
We as a supporter base, which includes most of the teams in the first divvy,
DON'T want them in the first division!

Yet it's possible - maybe not likely but definitely possible the newco might collapse before it can be put anywhere.

They have no registration, no players and their ground onwership could be challenged.

Apparently McCoist has been shooting off his mouth again,
this time accusing the players of not being honest with supporters
and telling them they should sign up to the newco.

Of course they need the more valuable players signed up or the newco isn't worth anything without them
- for their sell on value and of course they need players of any value to sign on or they can't compete in any league
(and I'm sure Green sees this essential for selling the club at a profit).
It would almost made you think McCoist had a promise of a cut in this sell off.

On top of this how Duff & Phelps handled administration is to be investigated
and who knows what that will do the the right of Green to the ex-Rangers assets. There's a lot more to come out in the wash.

- in fact the safest thing the SFA could do would be to knock back registration and tell them to come back in a year after things have been sorted out!

Naismith and Whittaker rebelling now...BBC Scotland

I think somebody said on this thread,or somewhere else,that the newco will probaly not play a game in whatever division for a couple of years...I think they are right.

CaribeCelt wrote:I think somebody said on this thread,or somewhere else,that the newco will probaly not play a game in whatever division for a couple of years...I think they are right.

Are we possibly seeing another Third Lanark scenario ??

Who knows.
The script will change again by midnight.

Lone Ranger wrote:If they apply to start again as a "Newco" in the third division and successfully work their way back up to the SPL, I have no issues with that. It's this applying to get straight back into the SPL that does my head in. Effectively, there would be no punishment at all if that happened, plus they would have cleared their debt! Where in hell is the justice in that?

This is where the SFA/SFL/SPL need to tread very carefully.

If the let Rangers off with this and allow them to stay in the SPL, how many other clubs who are in financial difficulty are going to do exactly the same as Rangers ??

............cop this!

http://www.scotsman.com/sport/football/spl/motherwell-fear-administration-whether-they-vote-for-or-against-newco-1-2373062

Davie, it's a shambles mate.

Adam Mint wrote:Changing my prediction again, back to “No”.

Chart shows my predictions, even if the three on the fence vote yes it’s still 6 – 6 so they’re out as they need minimum of 8 votes to stay in.

But in line with the ongoing farce I’ll probably change my stance tomorrow...

Rangers In or Out SPL
Team	In	Out	Fence
Aberdeen		X
Celtic		X
Dundee United		X
Hibernian		X
Hearts		X
Inverness C T		X
Kilmarnock			X
Motherwell			X
Rangers	X
[b]Ross County	X
St Johnstone			X
St Mirren	X
Totals	3	6	3

[/

b]

Get a grip man! Hearts should be before Hibs!

This might sound like a stupid question, but exactly how are the Rangers newco entitled to vote on a motion to allow them to enter the SPL because Rangers are no longer members as they are in liquidation ??

Surely as they have been liquidated, they are no longer members of the SPL and the newco was never a member in the first place so can't have a vote, or is that too obvious ??

BobMac wrote:This might sound like a stupid question, but exactly how are the Rangers newco entitled to vote on a motion to allow them to enter the SPL because Rangers are no longer members as they are in liquidation ??

Surely as they have been liquidated, they are no longer members of the SPL and the newco was never a member in the first place so can't have a vote, or is that too obvious ??

Bit about it in here...Scotslawthoughts

Lone Ranger wrote:































Get a grip man! Hearts should be before Hibs![/b]

Im a Hibbie, and its my chart, so fu#k off...

If you actually read any of the posts on the various news report websites on this subject, it's surprising how many Rangers fans are now starting to come round to the opinion that everyone connected to RFC should stop moaning, accept they broke nearly every rule in the SFA/SPL/SFL handbook regarding the running of the club and accept their punishment.