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Administrators Press Conference 16.02.2012, 3.45 pm - Live on STV

der Berliner

By der Berliner
in Rangers Chat

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BlueMazza

BlueMazza 0

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Most important audience are all Rangers fans.

 

Club faced challenges, discussions with HMRC over months. Ongoing financial issues left no option but to go to admin. Had hoped to find a solution during the 10 day period before administration took effect.

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BlueMazza

BlueMazza 0

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Uncertainty has been clubs biggest enemy. Administration though painful will remove that.

 

looking to do a CVA, make provision for all liabilities (including big tax case).

 

Wholly confident Rangers will continue. DO NOT THINK LIQUIDATION IS ON THE CARDS

 

will strive to ensure income exceeds expenditure from now on.

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BlueMazza

BlueMazza 0

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Several expressions of interest from parties unconnected to the club <--- possibly the most interesting point.

 

Will take steps to keep Rangers alive and keep the clubs history.

 

Redundancies may happen but they cannot confirm for sure.

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