The Continuing Voyage of Scottish Football – and the Wrath of Khan


The Iceman says: August 23, 2012 at 15:03 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Which brings to …

Comment on The Continuing Voyage of Scottish Football – and the Wrath of Khan by paulmac.

The Iceman says:
August 23, 2012 at 15:03

Which brings to mind the Watford player…Danny Shitu I believe…who almost let the cat out the bag a few years back…he held a discussion with Bain…and based on that discussion he was under the impression that he was signing for £20k per week…but when he arrived in Glasgow he was looking at an official contract that was half that amount…

Now this is only a guess on my part…but when he arrived in Glasgow…it was at that point it may have been divulged that his contract is for X…and the rest would come via an offshore account…but it will be paid in good faith and not by any offical document…

Suddenly the deal is off and Danny is shouting about a change in contarct amount from the verbal discussion amount?….mmmmmm


paulmac Also Commented

The Continuing Voyage of Scottish Football – and the Wrath of Khan
Do people still think Celtic are correct to remain silent on this national disgrace?

The Continuing Voyage of Scottish Football – and the Wrath of Khan
Danish Pastry says:
August 23, 2012 at 14:05
10 0 i Rate This

Charlie Brown says:
August 23, 2012 at 13:43
0 0 Rate This
The Rangers Football Club have not been re-created by Rangers people, they have been re-created by people and investors, probably at some level connected or linked to Octopus/Ticketus, in order to take a helluva lot of money from Rangers fans over the next 2-5 years and playing on their loyalty by selling them season ticket books, burgers pies & bovril, strips & scarves, matchday hospitality, financial services and even offer them the chance to buy 49% of the company at several multiplies of the £5.5M they loaned to buy/fund 100% of the companies assets to begin with.

Put a winning Rangers team on the pitch and watch the money flood in, gradually increasing the prices back into SPL & European levels.

Sign & pay players that will put bums on seats and also get them spending big in the other areas of the clubs activities.

This is how Green & his investors and somewhere down the chain Ticketus get their money back …

Thought-provoking post Charlie. So has the whole admin period perhaps been steered towards this end result? If so, how fair is it that one creditor can influence proceedings for their own purposes?

And how helpful have the admins actually been? We they employed because they were ‘Ticketus-minded’? Did they make sure the club went for a knock-down price, though almost entirely intact, to someone with connections to a major creditor? Surely if any of this can be proved then every other person or company owed money will be less than impressed by Duff & Phelps work. And is it at all legal?

Oh yes, someone was looking into a conflict of interest …

I believe it was Paul Murray of the Blue Knights fame that said in an interview with Newsnight shortly after the club went into admin….”when the court was deciding whethere to appoint the HMRC admin team or CW’s choice and it looked like it might go to HMRC…it’s the first time I’ve seen genuine panic on his (CW) face”…

I think we can take it Duff and Phelps have been part of the scam…as Mark Daly’s broadcast showed certain people knew what was going on who was involved and what was at stake…

Charlie refuses to release the names of the investors…for all we know it could be the mafia..refuses to release who owns Ibrox…for all we know it could be Robert Mugabe…

To suggest something ain’t right here is an understatement of epic proportions.

It stinks like a bucket of prawns in the mid-day sun and Stewart Regan has supported this and assisted in its success…

The Continuing Voyage of Scottish Football – and the Wrath of Khan
Torrevieja Johnbhoy says:
August 22, 2012 at 21:08

The Rangers Football Club Limited…appear to have a credit limit of £1000 pounds…the trading power of Sports Direct appears to be what they are trying to utilise..with credit facilities..

Recent Comments by paulmac

Make our Mind Up Time
Stuart Cosgrove has just named BRTH as an excellent writer based on his theme structured posts on here…

Take a bow BRTH!

Make our Mind Up Time
davis58 says:
September 22, 2012 at 06:06

Paulmac says:
September 22, 2012 at 03:35

“I mean “Debt free” in terms that the new Company does not have any liability to the debts incurred by Rangers PLC, the former owner of the club.”
Firstly…I agree any debts incurred by Rangers Football Club PLC should not carry over…as The Rangers Football Club Limited are legally a seperate and unrelated Football club even though they are working hard to convince all they are the same club….

Secondly….calling Rangers PLC the owner does not seperate them…the shareholders where/are the owners…and as we know Rangers Football club PLC was the consequence of the football club requiring to float shares and thus converting the Football Club that was incorporated as a Company in 1899 from a Limited to a PLC

Thirdly…if you are basing your opinion on debt free from what Charlie is feeding you…I would suggest you take a serious look at the situation without our imput…

“The new owner of the Club, states we are debt free, and as circa 35k season tickets have been sold, I see no reason to doubt him.”

You see no reason to doubt him…not the strongest case to defend…it would be helpful to understand his definition of debt free….35k season tickets at £260 each, equates to a reducing debt of just over £9 million…as an example…so his glib throw away ‘debt free’ comment..I believe was comfort comment to fans..

“The Club and the Company are separate entities, though only the Company requires registration and vat, audited accounts etc.”

How are they seperate entities? please explain? as we have already established the club created in 1872..was incorporated as a Company in 1899 and converted to a PLC to float shares so yes there would only be one set of accounts and VAT registration..

“The club and company are considered to be separate entities by HMRC, D&P, the SPL, and the SFA. And most importantly it is held as being the same club, Rangers FC by the supporters of the club and that is really all that matters.”

HMRC do not…please show where they have stated that they are 2 seperate legal entities? As legally they would be incorrect..

D&P are being investigated for their part in this whole affair…their opinion is not worth a dime…

The SPL and the SFA again…again if you are basing legal opinion/fact on these 2…then you are struggling…

Rangers supporters are free to believe what they wish…they can believe Father Christmas really does exist if they wish…I have no issue with that…however I also have the right to state the club is being liquidated based on the facts..

Ps. I wish I was Paul McConville 🙂 …Sadly I’m not…

Make our Mind Up Time
davis58 says:
September 22, 2012 at 02:06

Only if you rearrange the words to fit that assertion.

The term Oldco in the correspondance was further qualified by referring to it by name Rangers FC…as no assets were purchased from a Club/Company by the name Oldco.

Make our Mind Up Time
davis58 says:
September 22, 2012 at 01:42

As we are on a roll…could you expand on the comment…and what your definition of ‘debt free’ means in the world of The Rangers Football Club Limited?

Make our Mind Up Time
davis58 says:
September 22, 2012 at 01:42

I welcome your efforts to engage…

Rangers Football Club was founded in 1872 as an association football club. The Football club founded in 1872 was incorporated as the company in 1899 as the Rangers football club limited. In recent years the clubs name was changed to The Rangers Football Club PLC in order to float shares and allow fans like yourself the opportunity to purchase shares and to have a minor ownership of the Football club. The club has recently changed its name again and it is now called RFC 2012 plc…

Can you clarify where in that sequence the club and the Company remain 2 seperate identifiable entities?…with seperate VAT and comapny registration numbers…with seperate audited accounts?

About the author