Administrators Press Conference 16.02.2012, 3.45 pm - Live on STV

[Bluedell 5,627]

BTW you're a star Bluemazza. Thanks for the updates.

[BlueMazza 0]

Are you surprised the club is in the state it's in?

 

We've never been involved with the management of the club.

[BlueMazza 0]

I just can't hear the reporters, but I could definitely hear the BEEB guy haha. Pushing for evidence of criminal activity

[BlueMazza 0]

The club had debt when the takeover happened, Whyte asked them for advice on possible restructuring which is entirely reasonable. The insolvency has come about as a consequence of losses since the takeover.

They just said the non payment of PAYE HAS forced the administration.

[BlueMazza 0]

Trying to verify the validity of Whyte as secured Creditor. The funds from ticketus didn't come through Rangers accounts (I think they just said)

[BlueMazza 0]

Ibrox and Murray Park ARE wholly owned by Rangers and subject to a security which is being checked. Ticketus DON'T have security on Rangers.

 

HMRC agreed to appointment of Duff & Phelps. Ticketus debt is believed to be £24 million.

[BlueMazza 0]

PAYE will be paid on the Feb wages

 

Daniel Cousin: Was in audience of players addressed. Still under review about his status.

[BlueMazza 0]

Confident based on what they have seen that they can achieve a successful result - Rangers continuing.

1st priority was to get game ahead, now it's club long time future.

[Bluedell 5,627]

The funds from ticketus didn't come through Rangers accounts (I think they just said)

 

if Ticketus didn't pay the cash to us then how can be be due to pay it back? Tell them to do one and go after whoever they paid the cash to.

 

As for us not receiving the cash, that sounds like theft.

[BlueMazza 0]

Good meeting with super Ally, will speak and meet regularly. Ally will be involved with discussions. They will do everything they can to be licence requirements for club

 

and DAMNIT missed the last part.

Edited February 16, 2012 by BlueMazza
added info!