johnnyk

4 day hearing set for 30th March. Administrators meeting again tomorrow with the players to discuss wage reductions or there will be redundancies. There is a handful of interested parties but nothing more said than that. Administrators will be making more statements throughout the day.

SSN saying the case might not be heard until 29th March now, and this is an urgent hearing

Not sure mate. There is now a 5th group claiming the money called Merchant Turner and it looks like a 4 day hearing now. Bad news for us.......

SSN saying it's a 4 way battle, Whyte is not claiming the money. Should hear within the next half hour what the verdict is.....

Surely Whyte must walk away from this before his life really is in danger and the likes of HMRC are willing to help without him in the picture? I also don't know how this man can sleep at night given what he as actually done to Rangers :fuming:

unless someone steps up and take us over this week then that's what it sounds like

To most I think it will be, they want to hear what he has to say as he hasn't said a thing.

Mike Farrell ‏ @mikefstv Reply Retweet Favorite · Open Sir David Murray expected to make statement in response to Dave King's claims today bit. Should be interesting

Paul Murray says previous board was good, got debt halved in his 4 years on it while successful on the park. Wouldn’t commit to the euro deadline, looking long term, short term pain to secure long term gain.

Paul Murray doesn't see it as inevitable that we will go into liquidation. And doesn't agree with King. Murray surprised he made those comments and didn't run it past him. Murray working on CVA proposal.

Paul Murray challenges Whytes legal right to remain as largest creditor, and absolutely challenges his moral right to any claim over the club based on his behaviour to date. Says the support would not welcome him back to Ibrox.

Paul Murray on talksport: Liquidation Not Inevitable & Will be making an offer a week on Friday

STATEMENT ON RANGERS FC BY DAVE KING Having had the opportunity to visit key stakeholders and to properly consider the information now available to me I would like to comment on certain matters that I have hitherto refused to comment on. My own visibility of the true state of affairs was being actively restricted and, as it turns out, falsified by Craig Whyte and I did not wish to add to the strongly held but unconfirmed rumours that were already being played out in the media. 1. Craig Whyte- I met with Craig Whyte during my recent visit and he provided clarity on the funding position. His true financial commitment was not by way of cash (as he had previously advised me) but rather guarantees that he and/or companies associated with him had given to Ticketus. He confirmed to me that Ticketus has no recourse to the football club. Hopefully the administrators will be able to confirm this. The upshot of Craig Whyte's confession is that the fans were duped. Immediately upon the acquisition of the club by Craig Whyte (far from being debt free as was trumpeted by the Murray Group and Craig Whyte at the time) the club was in a much worse economic position than before and had no chance of survival even if we had progressed in Europe. 2. The Murray Group- I purposely did not meet with David Murray but did meet with Mike McGill who was a member of the Rangers board at the time of the acquisition and was intimately involved on behalf of the Murray Group in securing the sale to Craig Whyte. I am absolutely satisfied in my mind that Mike McGill (and hence the Murray Group) had no knowledge that the proof of funds supplied by Craig Whyte's attorneys was secured by season ticket sales. I am further satisfied that the Murray Group would not have proceeded with the transaction if the true source of the funds had been disclosed. The Murray Group had every right to rely on the proof of funds letter that was supplied by Collyer, Bristow. 3. Collyer Bristow- The role of Collyer Bristow requires further investigation as this legal firm appears to have behaved in a manner inconsistent with its natural duties and responsibilities. I met with Gary Withey, on two occasions, during my recent visit and I do not believe that it is plausible that he was actively involved in an attempt to deceive the shareholders, fans, and creditors of the club. I do however continue to have concerns about the discharge of his duties as company secretary for Rangers. There is a true version that has yet to emerge regarding Collyer Bristow's role and knowledge of events. 4. Administration- I do not believe that there is a reasonable prospect that the company can come out of administration. I believe that liquidation is inevitable. 5. European football- The club will not meet its financial requirements before the UEFA deadline. There will consequently be no European football next year and liquidation might extend that by another 2 years. The harsh reality is that Craig Whyte has abused the loyalty of the fans by trading that future loyalty for cash in a manner that has excluded the club's ability to provide the very product that the fans were expected to pay for. To have done this, and then blatantly lied about it, is an abuse that no fan of any club should have to suffer. 6. HMRC- Now that I have evidenced the true position I wish to commend HMRC for showing the maximum restraint that it possibly could have under its mandate to collect taxes that are due. The empathy that HMRC has demonstrated to the club and its fans is particularly gratifying given the abuse perpetrated on HMRC by Craig Whyte in withholding ongoing tax payments to fund the club- while simultaneously pretending that he was using his own funds. 7. Going forward- t grieves me to state that it seems inevitable that the footballing institution will survive but the company won't. This will entail many hurdles (that will be overcome) including 'Rangers (2012) Ltd' having to reapply for membership of the SFA etc. It is a sad point to have reached, but if managed sensibly, it can result in Rangers returning to its former glory as a football club in the shortest time possible. We must all strive to ensure that an appropriate ownership structure guarantees that this event is never repeated. We must remember that our footballing friends across the city came very close to the point that we now find ourselves in. Scottish football needs a strong Rangers and Celtic- but perhaps in a slightly humbler form. 8. My own present position- I seem to be one of the few people who actually invested cash into the club. I have made a claim of GBP 20 million on the basis of non-disclosure by the then Chairman, David Murray, of Rangers true financial position as far back as 2000. Other shareholders may feel deceived like I do and wish to take similar action. (David Murray will no doubt argue to the contrary and the merits of this will be dealt with in due course in the appropriate forum.) For present purposes however, I simply want to advise the fans and fellow shareholders that any benefit I receive from my claim will be fully reinvested into the restructured football club. I remain 100% committed to the Rangers football club and will do whatever I can to advance its interests. 9. My own future position- I intend to remain involved with the club, at least on my present basis, post-reconstruction if that is at all possible under the new ownership structure. I am however alert to the raw sentiment around the need for Rangers to have 'fit and proper' persons at its helm. In view of my own well-publicised and acrimonious legal disputes with the authorities in South Africa I have taken it upon myself to approach the SFA in that regard in advance of considering an increased role in the club going forward. I will be guided by the SFA's response in that regard. 10. Paul Murray- In the interim I will be putting my full support behind Paul Murray's initiative to secure the future of the club. Paul is a very smart businessman of undoubted integrity and a man who holds all that is sacred and traditional at Rangers football club very close to his heart. He is exactly the type of man the club needs at this time. 11. The previous board- I worked happily with the previous board and was immensely saddened by the way that some of them were excoriated by the media for no reason other than that they strongly opposed the sale of the club to a man who appeared to have insufficient funds to take the club forward. Martin Bain, Paul Murray and Alastair Johnston were fired immediately upon the takeover for voicing their concerns. The Ranger's spin doctoring machine then started to work overtime to discredit them, both individually and collectively. We now know the truth and hopefully those three loyal Rangers fans can now be fully welcomed back to Ibrox Park with full appreciation for the role that they have played in working tirelessly behind the scenes to expose Craig Whyte for what they truly knew him to be- and what all fans now know him to be. This cancer might have continued longer without their continued probings. 12. Martin Bain- Martin deserves particular mention. I have chatted to him a few times since he was forced to resign. Despite the lies and untruths that were being leaked about him to the press he never wavered in his loyalty and commitment to the club. He never wavered in his commitment to the fans and he was determined to expose what was really going on. The club was fortunate to have Martin at the helm as CEO for many years and was even more fortunate to find him continue to act in the interests of the club after he was unjustifiably removed from that position and unjustifiably deprived of his fair contractual settlement. 13. John Greig and John McClelland- Both of these gentlemen were, like me, not fired from the board after the acquisition and soldiered on in the best interests of the club until they reached a point where they reluctantly resigned rather than be associated with the failing governance at the club. That was the early warning sign. I haven't spoken to John McClelland but I can confirm (from my recent discussions with him) how pained John Greig is to have been unable to attend his beloved Ibrox. Hopefully he will shortly be able to resume his rightful iconic place in the director's box. 14. Previous titles- I have noted the recent media comment about Rangers being stripped of previously earned titles. While this makes good headlines, I am absolutely confident (now that I have a good sense of the true position) that this will not happen.

Along with Alistair Johnston and Paul Murray.

If true does this not mean what Whyte has done was illegal and the ticketus deal should be null and void?

Sports news on the radio saying it will now be tomorrow before we find out anything more on whos leaving!

Surely someone within Rangers or connected to them can think of some serious money spinning ideas. Have a kids day at Ibrox and put on good entertainment, ask season ticket holders if they would pay extra money for remaining games at Ibrox and they get a raffle ticket with the winner getting a cut of the money or a very good prize/memorabilia (one of my mates Hasties idea), have some good raffle prizes online or auctions where hopefully some of the richer supporters can bid for. Surely anything raised is a good thing and will help our situation?

might just have but surely Rangers get something from every purchase still?

Bartley on SSN. Nothing's been decided for him. He said : Meeting this morning was bleak and there's been a lot of discussions. Its disappointing nothing has been agreed, and others still at Murray Park with talks ongoing. He is still a Rangers player until May but talks are ongoing.

Do you think Whyte, SDM or Bain are being kept up to date on the goings on today? Or are they sitting in luxury stuffing there faces with surf and turf and supping bottles of wine worth £1000s :disgusted: They should all be ashamed today

I see it on the map, i'll take a drive up there one of the days for a drink or 2, the wife can drive back I take it you've been to Florida before? it's my first time and going with my wife and wee boy aged 7, something to look forward to!

Going over 1st April for 2 weeks mate, staying in a villa in Formosa gardens not far from the Disney parks

Whyte and others knew this was coming with the state our books were in, why couldn't they have just sold our high earners and get in some money along with getting them off the wage bill.........

Another they are saying who has asked to be released with no redundancy, good luck Mervan.

Debi Edward ‏ @EdwardDebi Reply Retweet Favorite · Open Gregg Wylde first player to leave #Rangers but STV News understands he may have asked to be released from his contract Keith Downie ‏ @STVkeith Gregg Wylde has left Rangers. He has waived his wages for March and has decided not to take any redundancy package. Chris McLaughlin‏@BBCchrismclaugReply Retweet A number of #Rangers players have already asked to be released. No confirmed decision as yet.