Quick Sale Vital and no Europe next season - Administrator statements

[chilledbear 16]

They have not cut any costs, yet talk like this...why?

[Bears 0]

Xanax time for me, this t too much to handle right now

[True_Ger_1872 2]

We had no cash hence had to enter admin....now, all that has been achieved is that we are required to pay out more cash for them to do nothing about making strides towards helping save the club...

 

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[Darthter 542]

What is the reason they haven't cut the costs.

 

Surely to save the Club they could let players go and make the savings.

 

Yet they will not do it.

 

My understanding of the statement is that the could cut players to the required level, however the results may mean that the team is no longer viable to a prospective buyer, or possibly no longer even competitive.

 

If they can get a buyer & investment, they can then maintain the fabric of the squad & have something to build on.

[Zappa 0]

This has now gone waaay beyond worrying.

[chilledbear 16]

My understanding of the statement is that the could cut players to the required level, however the results may mean that the team is no longer viable to a prospective buyer, or possibly no longer even competitive.

 

If they can get a buyer & investment, they can then maintain the fabric of the squad & have something to build on.

 

So far this administration has cost Rangers more than we have saved.

[der Berliner 3,815]

Agreed, basically they are saying we will be unsellable and most likely liquidated.

 

They are saying that "very severe cost cutting" have to be taken, i.e. that people not agreeing to pay cuts will be released from contract. IMHO, a Rangers like they are now with a servicable debt/CVA/whatnot and team of people able to fulfill the remaining fixtures is still a better option than a liquidated Rangers with no history and three years in financial wilderness and staring at "funny" point deduction ideas from the SFA/SPL/Lawwell's cohorts.

[Waltersgotstyle 307]

As said in another thread this is the work of Paul Murray

 

He has iterated he did not want cuts and Admin have responded with well...

 

"You have until Friday to show us the money"

 

If we were really in the shit severe cuts would have been made right now.

[Danny 0]

This kind of news is why Paul Murray's bid not being for practically a week and a half is utterly, utterly useless.

 

If he wants to buy us, he has to do it right now.

[forlanssister 3,114]

Doubt there will be a sale until the floating charge,Ticketus and HMRC issues are resolved.

 

Administrators posturing and trying to show the players who's boss.