Rangers fansâ?? fighting fund - a statement

[Guest Dutchy]

If you contribute to a fund, even your pension, you have very little say in what happens to that money once it's left your hands.

[BlueMazza 0]

I saw it more as an important gesture. Dunfermline have been alright with us - I'm not interested in a 2006 fine they received tbh - DU have not. I agree with the RFFF using the money to Dunfermline and they're statement is well worded.

 

OK, it may be seen as petty to not pay DU BUT surely it also serves as a warning for anyone else wanting to kick us whilst we are down. The RFFF money is not official club money so can't be touched by DU etc. They can join the creditor queue and get x pence in the pound back for all I care. I do think we should pay our debts, but if we could pay everything we wouldn't be in administration!

[Bluedell 5,679]

If you contribute to a fund, even your pension, you have very little say in what happens to that money once it's left your hands.

 

The trustees of a pension scheme are not able to use the pension scheme cash to pay off debts of the company, just because the company are a bit short of cash.

[BlueMazza 0]

The trustees of a pension scheme are not able to use the pension scheme cash to pay off debts of the company, just because the company are a bit short of cash.

But this isn't a pension scheme. this is our club. Do we just sit on it and allow the club to face more fines etc. Do we allow another club to go into admin on the back of us?

 

The single biggest concern everyone had was the Administrators were not paid or legal fees, from the fund. Aside from that, it wouldn't bother me (donating tomorrow )

[caseyjones 0]

But this isn't a pension scheme. this is our club. Do we just sit on it and allow the club to face more fines etc. Do we allow another club to go into admin on the back of us?

 

The single biggest concern everyone had was the Administrators were not paid or legal fees, from the fund. Aside from that, it wouldn't bother me (donating tomorrow )

 

The administrators are classed as creditors too. If those holding the purse strings can go back on their word once, what's stopping them doing it again?

[Bluedell 5,679]

But this isn't a pension scheme. this is our club. Do we just sit on it and allow the club to face more fines etc. Do we allow another club to go into admin on the back of us?

 

The single biggest concern everyone had was the Administrators were not paid or legal fees, from the fund. Aside from that, it wouldn't bother me (donating tomorrow )

 

1. "Do we just sit on it and allow the club to face more fines etc." - the RFFF was set up with specific aims. The rules were set out clearly. If the cash has to be paid then it could easily be done by the club. It should not have been done by the RFFF.

 

2. "Do we allow another club to go into admin on the back of us?" - I'm more concerned about our future than any other clubs and that was why I and many others contributed to the RFFF.

 

3. "Do we allow another club to go into admin on the back of us?" - what about all the other small creditors who may be in an even worse situation than Dunfermline? Was there any assessment of which creditor needed it the most or was it purely done as a GIRUY to Dundee Utd?

 

4. "The single biggest concern everyone had was the Administrators were not paid or legal fees, from the fund" - that may have been your concern but it's wrong to say that it was everybody else's. People were concerned that their cash was going to go into a "black hole" (a term I saw used on numerous occasions) and end up getting used to pay off the creditors. We were assured that this would not be the case and yet that is what has been done.

 

I'm genuinely surprised at how few people have a problem with the RFFF committee breaking their own rules and diverting cash away from our club when we are still in so much financial trouble.

 

Do we have enough cash to meet the running expenses of the club over the next 2 months? If yes, then why continue to ask for cash? If no then why give away cash when every penny counts to try and avoid liquidation?

[BlueMazza 0]

The administrators are classed as creditors too. If those holding the purse strings can go back on their word once, what's stopping them doing it again?

 

I can't see it happening. I don't see the issue with paying Dunfermline and splitting hairs around creditor status. Paying Dunfermline from the RFFF frees up funds. We are due a hearing if we don't pay Dundee United so maybe the Admins will use some of the money from not paying Dunfermline to make an arrangement with Dundee Utd. Thereby the fans haven't paid a debt to someone we don't want to.

 

I genuinely have no issue with Dunfermline being paid, I think this is splitting hairs tbh. The fund was set up for the benefit of the club, paying Dunfermline the money comes under that in my opinion. Not everything has to be a negative or the admins 'at it'.

[CumbernauldGers 0]

Tbh this action shows why fan ownership could never work. The fund had broke one of it's own rules and a fund like this has to be based on trust. As mush as i like sticking it ti DU this has been a mistake and will cost the fund money in donations imo.

[Frankie 8,665]

1. "Do we just sit on it and allow the club to face more fines etc." - the RFFF was set up with specific aims. The rules were set out clearly. If the cash has to be paid then it could easily be done by the club. It should not have been done by the RFFF.

 

2. "Do we allow another club to go into admin on the back of us?" - I'm more concerned about our future than any other clubs and that was why I and many others contributed to the RFFF.

 

3. "Do we allow another club to go into admin on the back of us?" - what about all the other small creditors who may be in an even worse situation than Dunfermline? Was there any assessment of which creditor needed it the most or was it purely done as a GIRUY to Dundee Utd?

 

4. "The single biggest concern everyone had was the Administrators were not paid or legal fees, from the fund" - that may have been your concern but it's wrong to say that it was everybody else's. People were concerned that their cash was going to go into a "black hole" (a term I saw used on numerous occasions) and end up getting used to pay off the creditors. We were assured that this would not be the case and yet that is what has been done.

 

I'm genuinely surprised at how few people have a problem with the RFFF committee breaking their own rules and diverting cash away from our club when we are still in so much financial trouble.

 

Do we have enough cash to meet the running expenses of the club over the next 2 months? If yes, then why continue to ask for cash? If no then why give away cash when every penny counts to try and avoid liquidation?

 

All fair questions.

 

I myself decided not to put money into the fund until the administrators published their report.

 

Whilst the work by the RFFF and associated projects is admirable, the information vacuum means I can't commit my own cash until I know exactly where it will go.

[chilledbear 16]

You cannot break rules when you have asked people to give money. Sorry but unless we have been consulted it should not have happened.