25 Apr 2023 19:09:41 John you stated a few times that these should be worrying times. Only passing this on guys what i was told today?I was told that rangers were.. 29 Apr 2023 10:47:26 Despite his record I have major.. 22 Apr 2023 01:28:02 i said in my post above why it's not all great going down those lines. Craig Whyte was a Rangers wolf in cheap clothing as Paul Murray reflects on 'slow motion car crash' at Ibrox. What a ridiculous stupid senseless post re finance guy doing heart opps. Firefighter same waitress become bar manager Even you must admit it would be a advantage to have experience of the job you have been promoted to. Our season is over before may. Stewart Robertson to depart and James Bisgrove to step into Chief Executive role. We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse. They were worried about a 'risk of conflict' if MCR Partners, who had advised Craig Whyte on his purchase of Rangers from Sir David Murray in May, 2011 for a nominal sum of 1 ended up in control of the administration. But the Rangers CVA proposal offered less than 10p in the pound to creditors. U don't get much for 3-4m anymore for contracted players. just a small number of players who, have risen from smaller clubs outside the.. 20 Apr 2023 15:30:15 Arsenal considering move for Zenit winger Malcom? HMRC hit back at Rangers tax claims with stinging response, Rangers fans thought there was an agenda and HMRC claims prove they were right - Hotline. WebRangers have reported a 23.5m operating loss for last season in their annual accounts. Details of HM Revenue & Customs's role as the club financially collapsed show how they wanted to avoid having the business remain under the control of Craig Whyte, whose nine month tenure of the club led to it falling into administration in 2012. He said he was happy to give a new loan, but that it would have to be on an interest basis "as required by the authorities". READ MORE:Rangers administrator insists valuing club brand was 'waste of money' after 'being worth' 16m. Rangers have announced a 15.9m loss up to 30 June, an simply we need a new 3.1 up top. After today is there still people on this forum who want morelos and Kent to.. 30 Apr 2023 15:26:02 In 2021, I still believe that analysis to be accurate. 01 May 2023 07:15:55 It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse. See were now getting linked with Cifuentes that would be a clever move but.. 20 Apr 2023 13:18:52 We may then apply our discretion under the user terms to amend or delete comments. The club was placed into administration on Valentine's Day 10 years ago and at least one director saw the iceberg coming. Or by navigating to the user icon in the top right. Alegria leaves rangers. Interesting to see 1872 purchase 1.25 million shares at 20p a share. Seems weird but at our budget level often now the better players are free. They believe they can get.. 22 Apr 2023 22:27:39 Was reading an article and we have been scouting Brandon Vazquez now that.. 11 Apr 2023 11:55:26 This article appeared in the September 2021 issue of Esquire Subscribe. who would, we.. 23 Apr 2023 14:03:54 Accordingly the board continued to adopt a "going concern basis". That figure is a 4.3m increase on last year's losses and comes after the 2019-20 season had to curtailed early in March because of the pandemic. That Robertson was standing down. Can anyone see the link in the players we have been linked with they are all out of contract. He made clear that the original loan was provided by his Laird "a company in my family trust structure" shortly before he stepped down as Rangers chairman and had to be approved by South African authorities. He said that with the prospect of potential claims against people advising Craig Whyte and Rangers and potential legal action against directors, liquidation remained the "better option". A CVA enables companies to reach an agreement with creditors about how debts could be repaid and provides for partial or full repayment, depending on what the company can reasonably afford to pay. Looking for some help, why r people saying Bosmans don't apply if transfer.. 18 Apr 2023 22:02:19 AUDITORS have raised a going concern warning over Rangers FC as it emerged the club has accumulated nearly 80m in losses since the Dave King regime change six years ago. The Scottish Premiership team had made a small pre-tax profit the previous year, which resulted in a total loss of 368,000. That would.. 17 Apr 2023 12:31:21 A Gannett Company. Reading online there that weve been scouting a Honduran boy in Greece, 10.. 02 Apr 2023 10:23:59 WebWorst 2021 Ford Ranger Problems #1: Weak Shock Absorbers 2021 Ranger Average Cost to Fix: N/A Average Mileage: 0 mi. Following on from stigs post, I wanted to give my take on what funds might be.. 28 Apr 2023 10:52:51 According to a Rangers International Football Club plc (RIFC) board statement it was forecast that the club would require 7.5m by way of debt or equity Well don't you think it's a advantage John? Yesterday we controlled and dominated a game where the result was never in.. 02 Apr 2023 13:00:11 While fans were anxious to prevent a liquidation - fearing it meant the end of the club, behind the scenes, the taxman believed it was the way forward concerned about a wider strategy over the use of Employment Benefit Trusts (EBTs) to pay staff and avoid tax. Unfortunately could not kick on, wish him.. 12 Apr 2023 07:36:19 Rangers Football Club Plc went into adminstration owing 9m in unpaid tax, but the potential big tax case payment had proved a stumbling block in attempts to sell. Money was put into Employee Benefit Trusts (EBTs), located in offshore tax havens. For all the years I.. 25 Apr 2023 06:51:47 25 Apr 2023 18:14:28 No trnsfer fee but signing on fees and usually a big wage on a 3+ year contract. Rangers have reported a 23.5m operating loss for last season in their annual accounts. 28 Apr 2023 22:20:33 28 Apr 2023 09:08:13 As for financial fair play! When Mr Whyte took on the club he agreed to take on Rangers' financial obligations, which included a potential 94m 'big tax case' bill, a 2.8m "small tax case" liability, 18m bank debt, 1.7m for stadium repairs, 5m for players and 5m in working capital. All i here is Tillman goes missing in big games plenty fans must be.. 26 Apr 2023 11:39:37 Stig I think you r reasonable accurate on both players weekly salary. Intrigued by Beales comments about transfers. Preventing the business from being plunged into liquidation, would have kept the club within lucrative UEFA competitions. Data returned from the Piano 'meterActive/meterExpired' callback event. And so I think that was the thinking, trying to get behind that and that's why I personally thought an exit liquidation would be the better route to try to understand what was going on.". Former Rangers stadium announcer blasts Ibrox liquidation payouts after losing 1550. Sometimes when I am struggling to sleep I put a clip of him on talking and that normally does the trick. "We don't have the backing of any billionaire. Rangers' run to the Europa League last 32 earned the club 20.7m. "I think we are in a somewhat better position today than I had envisaged but there is much work to do. RE. The Scottish champions were sustained by 21 million of loans from shareholders and investors through the period to June 30, 2021. Get off beales back we dominated that game today and beales rebuild has just.. 30 Apr 2023 18:12:49 Interest was being charged at 6% per year from July 31 and the cash injection is secured against the club's Edmiston House, formerly home to Rangers FC's Social Club and ticket office. Bisgrove is young and a bit of a dynamo. Bluebeard that is certainly doing the rounds It has been ten years since Rangers Football Club plunged into administration. Mcgregor rb Tavernier rcb Goldson (if fit) lcb Soutter lb.. 25 Apr 2023 14:49:40 Interesting fact on match of the day last night. Looks like we.. 24 Apr 2023 15:42:43 Another 8.5 million in loans has been received since then and Rangers have confirmed they require further loans of 7.5 million by the end of this season to meet their financial obligations. New goalkeeper.. 09 Apr 2023 13:58:41 28 Apr 2023 21:33:55 contact the editor here. I'm reading that Kent will be leaving when his contract expires, Burnley are.. 27 Apr 2023 16:22:23 "Indeed, playing matches behind closed doors is likely to adversely impact the club by in excess of 10m in the current season. The loan from the 66-year-old South Africa-based executive, who stood down last year, came with an interest rate of 16%. 27 Apr 2023 17:59:48 Fox News Tonight will replace it on an interim basis. There is no excuses to be made today. The following day Mr Baird said HMRC colleagues stressed the need for an exit from the administration into liquidation to "allow an investigation into how the company had been run and HMRC's debt build up". There's never any positives in defeat to them. "I said that I was very concerned about the possibility of MCR being appointed as administrators. Surely we're not paying 45k a week to cantwell whether it's factored in bonuses etc What's the general consensus on Beale? I've got admit as much as I disagree with quite a few of yous I'd miss this.. 01 Apr 2023 09:15:33 John is that multi billionaire still buying up shares, do you think he would be interested in buying out the directors? 01 May 2023 10:44:59 28 Apr 2023 09:34:49 Is Josh Ginnelly more effective than 7m.. 23 Apr 2023 18:18:02 The Rangers board in its latest overview states: "When the current board and investors wrestled back control of our club in 2015, it saw before it a 10-year recovery project. What his budget iom you don't know that like the rest of us but he said he has a good budget more that previous years so probably 15m+Dowell is a good signing hopefully we get him and others out of contact. Club chairman Douglas Park and his deputy John Bennett have already committed to providing those funds. Nicolo Schira reporting butland is all but announced. Have plenty.. 30 Apr 2023 16:17:59 But the club has also converted some 26m of shareholder loans into shares in the club while in the process diluting the value to others holding equity. Rangers' tax bill slashed by more than 5m as firm continues fight against HMRC. Is this another mob or a company representing Elite? But I am happy to do it.". If that's true then we're paying over the odds no1 should be on 45k a week playing in the spl. "At that stage, the EBT case against the company was a crucial lead case for us because we had a number of other cases across the country that were falling in behind it. "I also highlighted the risk of HMRC being perceived to be seen as inconsistent as historically it had taken more forceful action in respect of other Scottish football clubs.". Fresh ideas and a new approach. Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. The tin hat is on, and I'm ready for the onslaught. Rangers have posted a loss of over 24 million in their latest annual accounts, with their revenue slumping by 19 per cent amid the impact of the Covid-19 pandemic. Time flies. 2011-2023 Sports Mole Ltd. All rights reserved. Talking to other mob they.. 21 Apr 2023 19:51:12 Technology means that readers can shape a discussion. As a subscriber, you are shown 80% less display advertising when reading our articles. #CelticFC 5.3m debt is second largest in Scotland, but a long way below Rangers 19.3m, which would have been even higher without the club from Ibrox converting 34.3m of loans into shares in last 2 seasons. Out goalie was done years.. 30 Apr 2023 15:48:23 "The risk that key cash flows are not achieved as forecast, along with the absence of a binding debt facility for any shortfalls, indicate that a material uncertainty exists that may cast significant doubt on the group's ability to continue as a going concern. One fans group source said there remains cautious optimism about the future despite the club's financial position and Mr Gerrard's move. All I'm saying Beale is 90+% of the players named are bosmans. Comments have been closed on this article. Ed's any information on if Morelos is really getting looked at by some epl.. 05 Apr 2023 08:50:43 45k a week for a player who hasn't really done much before he came and possibly won't be winning anything this season either if we don't win next week I was thinking, if we had to offer all the season ticket holders 1000 quids worth of shares. Someone just dropped a post on a Rangers page about Robertson leaving and.. 26 Apr 2023 15:03:39 Im not meaning to be controversial here but as good a goal as airfields.. 17 Apr 2023 15:06:18 WebRangers It specifically mentions in the official court documents that part of their decision making process revolved around the fact that their verdict will result in no negative We need that. Rangers say that during the course of the year, they received a number of investment proposals from the private equity and family office sphere but those were rejected. A private sale, not from RFC. A fortnight after the administration, Mr Clark told colleagues that HMRC's key aims were to get their money back, exercise full powers of prosecution and where appropriate against company officers, and did not want adverse PR or security issues. Yet, painstakingly and with unerring resolve, we have rebuilt and we will continue to do so. Apparently, Rangers representatives at Roma v Udinese match last week and are.. 18 Apr 2023 11:00:37 Just brill. This nonsense that Beale has only had 1 transfer window needs to stop, Gio.. 30 Apr 2023 16:48:20 Aaron Ramsey has joined Rangers on loan from Juventus for the rest of the season. I don't think.. 30 Apr 2023 18:58:11 "I said that any administration driven by Craig Whyte, and bearing in mind the advice he had taken from MCR ran the risk of said administrators looking to exit administration via a CVA and the survival of the company as a corporate entity.". Matondo 28k . Readers comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. At that point the Castlemilk-born Rangers fans Laird Investments company was quoted as providing loan facilities to meet a predicted shortfall in funding for that financial year and further amounts that may be required. The loss is an increase on the 11.6million Luis Palma, Honduran at Aris being scouted. The Rangers have offered season-ticket holders the option to request a refund on the few homes games that were left before play was suspended due to Mr King was one of the leading figures in the Three Bears takeover, when Rangers were in the Championship, the second tier of Scottish football, following the effects financial implosion of the club in 2012. Details of the taxman's secret strategy over Rangers emerged for the first time, as BDO, the liquidators of the Rangers oldco sue the joint administrators of the club Mr Clark and Mr Whitehouse for 56.8m saying a flawed cost-cutting strategy meant creditors lost millions from the handling of the clubs financial implosion. Quite a few Decisions were made today as we look at 5 Old Firm games and not.. 30 Apr 2023 18:33:08 Celtic Football Club has reported a post-tax loss of 12.6m last season, as the pandemic and reduced transfer income hit home. Ability doesn't go up and down with their value. John do you think investment is a possibility. 26 Apr 2023 09:59:01 'Completely and utterly unacceptable' Rangers legend reacts to tax case claim. 22 Apr 2023 20:38:23 Mr King's loan, which was agreed two years ago with his South African-based Laird Investments (Proprietary) Limited, was repaid last month along with the interest payments. We are lucky at The Herald. Not all but most are out of contract for a reason. HMRC was concerned that the administration could be driven by Craig Whyte - if they did not push their own financial experts in to take control and they wanted Deloitte. And it came less than a year after Craig Whyte bought Sir David Murrays majority shareholding for 1. Are Glasgow Rangers in financial trouble again? But they would need to buy out others then rangers dont get that money the shareholders selling do Remember rangers do not want one or two owners If we are given the opportunity to sign Tilman as I expect we will. The deficit for the year to June 30, 2021 was more than 7.5m bigger than the 2019/20 campaign. Kris boyd saying this morning that although he grew up idolising andy goram.. 03 Apr 2023 08:59:07 If the.. 21 Apr 2023 15:20:42 That was superbly put three cheers . And he said that the South African authorities would not allow the loan to be made without it attracting a market-related interest rate. Even one of the players you mentioned in your post is from QPR and MB said he's not interested so instead of ( your words) Chris Willock 25 one of the best forward players in the championship, has now become injury prone and not for you. . This site is part of Newsquest's audited local newspaper network. Guys how confident are we going into this semi? 24 Apr 2023 10:58:44 Yeah done a bit of digging 25k a week Surely we can't give Jack another deal out for another 4 weeks, certainly.. 22 Apr 2023 14:27:12 National World Publishing Ltd. All rights reserved. Another black mask against the manager today for me. 28 Apr 2023 22:57:31 WebRangers It specifically mentions in the official court documents that part of their decision making process revolved around the fact that their verdict will result in no negative financial risk to Rangers. I got this sent on WhatsApp today dunno if any of it is true or just bull.. 24 Apr 2023 10:44:11 We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself. Rangers liquidators agree 56million settlement in tax case. 10 August 2021 Rangers Steven Gerrard has issues to deal with at Rangers For the first time in 10 years, Scotland began the season with two clubs in the Champions League. Therefore there was a wider strategic issue in play.". Data returned from the Piano 'meterActive/meterExpired' callback event. As we can see from the plight of a number of clubs throughout Europe, football is facing some very serious challenges. 24 Apr 2023 11:57:58 Mr King said at the time that it was an "expensive so-called interest-free loan" and that that too much of the profits" from the mechandising were are "going to parties outside the club". Yip, things are certainly.. 16 Apr 2023 00:02:58 Tom Davies 24 played over 150 games in the epl good enough for me, Kieran Dowell very good player 25 will score many goals for our club good enough for me very easily, Chris Willock 25 one of the best forward players in the championship another one good enough for me, Jack Butland 30 ex England keeper another one good enough for me, iom they not good enough for you? When an offer was made for 8m from the Charles Green-fronted Sevco with a CVA exit, it was swiftly rejected. On May 11, an email from David Grier of notes of a meeting between Duff and Phelps and HMRC representatives revealed that Mr Baird said that should an offer of circa 50m be received versus an offer for liquidation at circa 5m then this would need to be given consideration "but at this time the preferred route is liquidation".