bluebear54

Interesting day. After the Sellik PR machine covers Lennon's wee hairy bahookey, we now find the SFA doing their own bit of arse-covering. Someone there has raised the issue of serious repercussions if they were seen not to have done their job (IMO) - which incidentally, again IMO, they haven't anyway. All fun and games and a lot to pan out yet.

Ha ha. BM beat me to it.

PR Department covering up for his inappropriate tweet from yesterday. Nothing more - nothin less.

:D Want to downgrade that estimation, Frankie?

Nope - stepping aside. Big difference. He's good at sidestepping IMO.

Option 3. A press statement to say he would dearly like to attend, but has accepted the advice of Strathclyde and security no to.

He's damned if he does and damned if he doesn't as far as I can see. But I think he has enough brass neck to actually turn up. Having been nearby when McLeish was getting it in the neck, I wouldn't like to be Whyte in that situation.

The fact remains that if Whyte borrowed money against future season ticket sales to assist the takeover of the Club, and this was done prior to his actually taking over, then this, as far as I understand, is fraud. The fact that he has denied this to various fan groups, let alone obscuring how much was actually at stake, doesn't fill me with confidence. Despite our differences of opinion on Whyte, I sense that he has gone beyond the pale as regards a great many of the support, and that for those supporters, he is no longer welcome at the Club. I may be wrong, but don't think so. I really think that Whyte has too much unsavoury baggage to continue. If he ends up being charged, I would assume that this discussion is irrelevant.

Bloody hell Hoodathoughtit! Black Knights, Blue Knights and Whyte Knights! Anyway - I'm off to kip. Good knight!

Wonder where the Whyte Knight is?

BBC website reporting that AJ has asked Crown Office to investigate the takeover and Strathclyde Police are investigating. Ties in with Traynor's line of questioning today. http://www.bbc.co.uk/news/uk-scotland-glasgow-west-17067141 This may not be bad news for RFC.

Maybe the best thing for us right now would be a crook who was only on his own side ....

One more lie there just now.. Ticketus debt is £24m. CW insisted it was "nearer £20m" as opposed to £24.4m iirc

He certainly didn't miss a dig at Whyte. BTW, anyone know if he's showing up for the Killie game?

Think we're suspended on Plusnet.

The one and the same. Don't shoot the messenger. As a matter of interest, would we want our proud Club forever tainted for dubious financial practice, or our proud Club misled by persons who will be tainted for dubious financial practice? Just a pertinent point. We're the suckers here.

I'm a member too and even got a share. I've got no real complaints. Think MD has spoken well in the past couple of days. I do see that there is a real need for unity at this time between all the groups. I would like to think that differences could be set aside for the greater good. As an aside I can understand Hibs charging £50 a pop. There's much more entertainment value there.

BTW Mark Daly reporting that there are calls for the Financial Regulator to investigate:- The former chairman of the Westminster treasury select committee has called for the financial regulator to probe Craig Whyte's takeover of Rangers. John McFall said the Financial Services Authority (FSA) could help answer questions about an apparent shortfall of cash at the Ibrox club. Rangers appointed Duff and Phelps to act as administrators on Tuesday. The firm has denied having any conflict of interest arising from its links to Craig Whyte prior to his takeover. Rangers was placed in administration on Tuesday after a legal stand-off at the Court of Session in Edinburgh. Owner Craig Whyte lodged papers at the court on Monday indicating that the club was considering administration within 10 days. When HM Revenue and Customs (HMRC) - one of the club's main creditors - filed to have its own administrator appointed on Tuesday, both parties agreed that Duff and Phelps would be appointed. Joint administrators Paul Clark and David Whitehouse, from Duff and Phelps, later confirmed HMRC's action stemmed from the alleged non-payment of £9m in VAT and PAYE dating back to last year when Mr Whyte bought the club from Sir David Murray. Angry fans have since demanded answers from Mr Whyte over what has happened to all the cash which has apparently passed through Rangers since then. Mr Whyte claims to have injected £33m of his own money to pay off the club's bank debt and fulfil the other obligations of the takeover. Ticketus borrowing Going on previous seasons, Rangers income for the nine months Mr Whyte has been in charge should be about £26m. It has also been reported that he borrowed about £24m from Ticketus against a share of season ticket sales for the next four years. David Grier (centre) leaving Ibrox with administrator David Whitehouse (left) David Grier (centre) helped Craig Whyte during his takeover of Rangers The club is also said to have received about £5m for the sale of top goalscorer Nikica Jelavić to Everton in the January transfer window. The combined total of these figures is £55m. Mr Whyte has publicly stated that the monthly cost of running Rangers is about £3.75m. Based on this figure, the cost of running the club during Mr Whyte's tenure would have been about £34m. In theory, that should leave a surplus of £21m. If the £9m figure claimed by HMRC over alleged unpaid VAT and PAYE is added, then the surplus cash figure would stand at £30m. Working with these figures, some fans have been asking why Rangers was placed in administration. Steven Morrow Stirling University John McFall, the former Labour MP who chaired the House of Commons treasury select committee, said the matter should be investigated by the Financial Services Authority. He said: "When you spend money you don't have and you use HMRC and the taxpayer as your private bank then it has tragic consequences for Rangers as an institution, Scottish football, fans and for Scottish community. "Rangers are on the stock exchange and there is a renewed case for the FSA looking at this issue. Parliament is just giving the FSA the opportunity to have what's called judgemental discretion. That means looking at the business models of institutions and Rangers is a good case. "Did the directors do their duty? And, if they did their duty legally, were there any corners cut as a result of that? "It's the taxpayer who's on the hook here and the taxpayer has got to be paid and football clubs have got to realise that they have got to comply with the regulations that are laid down by parliament and HMRC. "There's lots of questions around here, there's no specific answers so the case for a renewed investigation by the FSA is something that supporters and those with an interest in Rangers should be looking at as well." Previous board Meanwhile, it has emerged that David Grier, a partner at Rangers administrators Duff and Phelps, was centrally involved in Craig Whyte's takeover from previous owner Sir David Murray. As emails obtained by BBC Scotland show, he even assured the previous board that Mr Whyte's bid had already secured a "time to pay" deal with HMRC. Email The BBC has seen emails relating to the takeover of the club This has led one academic to raise concerns over the appointment of Duff and Phelps as Rangers' administrators. Steven Morrow, senior lecturer in sport finance at Stirling University, said: "If there is evidence of a prior relationship between those involved in an administrative capacity and the directors of Rangers Football Club, then I think that would raise concerns among some of the creditors. "This is because the role of the administrator is to be independent, to look after the interests of all the creditors, not to be seen to have any particular interest in one group of creditors. "Their job is to try to make sure the organisation is a going concern but protect the interests of all creditors and that's what the process is about." Duff and Phelps has denied any conflict of interest in acting as administrators. In a statement, the firm said: "The appointment of D&P was approved by the Court of Session in Edinburgh and the appointment was agreed to by HMRC. "Indeed, HMRC withdrew their application to have an administrator of their choice appointed and are now engaging with D&P as the administration progresses. "There is no conflict of interest whatsoever as it is standard practice for companies to appoint their own administrators, who usually have provided advice on restructuring in the build up to an insolvency."

Think we're all uptight just now. However, agree that we should take things one step at a time. I think we're confusing the crime and the culprits. At present, I have no interest in culprits. Let's determine the facts first. Then the rest will fall into place. Hercule Poirot Loyal.

Well, it could have been a lot worse. They're talking with supporters' groups, and offer reassurance that we will continue as a football club. My thoughts are that I would like to see accounts for the period prior to CW taking over, and after. I am a shareholder after all. I'd also like to have a lot more details on the takeover. Maybe CW will be given a clean bill of health and that will put everyone's mind at rest. On the other hand, maybe not. It's what we need - you know it makes sense.

For admin, read liquidation. That, I think is his game plan. Debt free, history free and sell on for a tidy profit plus the cash that has already disappeared.

Apparently Plan C - not involving PM. Source - somewhere in the marshes of FF last night.

Could anyone think of anyone worse than CW? OK - I know the answer. Anyway - I have no specific answers to who should be in charge. What we should have, however is a broad church of appropriate skills and expertise on the Board. I really don't think we should be looking to continue being run as a one man show.

Quote: Now that we're in administration, a CVA (IE getting one approved and passed) is THE most important thing to Rangers Football Club Thanks Zappa I've come to the conclusion that the single most important thing to RFC is making sure that CW doesn't set foot in Ibrox again. We cannot possibly hope to build for the future on the back of non-paid VAT, NIC and PAYE. Morally indefensible. Also it's pretty clear that he has lied to the supporters on various occasions and that is unsupportable. No matter what the consequences, my opinion is that we should move forward in an honest way

With or without him we should have more than enough to stay ahead of Motherwell. Although that's probably not the highest priority just now..