Rangers fansâ?? fighting fund - a statement

[BlueMazza 0]

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?

 

Actually it was one of the biggest concerns. People didn't want to donate to pay the admins, so I feel justified by saying that.Sorry if you assume I was talking for you.

 

The admins didn't lay many/any staff off so we can only assume we are currently meeting running costs for the club. We are not allowed to add more debt when in administration. It's all very well to be unconcerned with any other club but that's a narrow view in my opinion. We are not the only club in Scottish football, we are not the only club in trouble. We need some good PR and this is good imo.

We can't assume there was no other assessment made. We can't assume agreements haven't been made with other creditors. We don't know. We can only assume there is a good reason behind this.

 

I just don't want to become negative about anything and everything about the club regardless. If you want clarification then write to the RFFF, I'm sure they will respond.

[caseyjones 0]

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'.

 

I don't see where 'splitting hairs' comes into it. The fund was set up using rules and people were encouraged to contribute in good faith that those rules would be adhered to. The first time any money is paid out and that trust has been broken already. The administrators had already agreed a plan with Dunfermline for repayment prior to the RFFF coming into being. Given that the fund has now stepped in to pay, where has that money gone?

[BlueMazza 0]

I don't see where 'splitting hairs' comes into it. The fund was set up using rules and people were encouraged to contribute in good faith that those rules would be adhered to. The first time any money is paid out and that trust has been broken already. The administrators had already agreed a plan with Dunfermline for repayment prior to the RFFF coming into being. Given that the fund has now stepped in to pay, where has that money gone?

 

I can't answer that obviously, but I'm going to wait it out and hear more before I get upset about anything. Speaking to the RFFF is the best thing to do and ask them what is going on.

I can understand a bit, but I dunno I don't have an issue with it.

[Guest carmylebear]

Simple question. If when you were asked to donate to the fighting fund you were told your money would be used to pay off a debt to another club, would you have contributed?

[Frankie 8,665]

Simple question. If when you were asked to donate to the fighting fund you were told your money would be used to pay off a debt to another club, would you have contributed?

 

IN some ways I wouldn't have minded.

 

Despite the deplorable actions of Dundee Utd & Dunfermline previously, I'd rather our club paid its debts - especially if it affects our standing in terms of discipline with the SFA/SPL. As such, IMHO, it's not the end of the world if that money goes to the club who then pays our moral dues.

 

However, I can see the point in that people were told the money was going to the club - not directly to creditors.

[Guest Dutchy]

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.

 

Are you trying to say that pension funds have never been used to bail out an ailing business?

 

Is it a law, or a guideline?

 

If the folks that contributed to the FF are unhappy, then surely they can take them to court for misuse of funds then. Which will mean the money will then just go to lawyers bills in that case.

 

Or am I missing something about the way money works in this country?

[caseyjones 0]

Are you trying to say that pension funds have never been used to bail out an ailing business?

 

Is it a law, or a guideline?

 

If the folks that contributed to the FF are unhappy, then surely they can take them to court for misuse of funds then. Which will mean the money will then just go to lawyers bills in that case.

 

Or am I missing something about the way money works in this country?

 

Bob Maxwell never had any qualms about using pension funds!

[Bluedell 5,679]

Are you trying to say that pension funds have never been used to bail out an ailing business?

 

Is it a law, or a guideline?

 

It's a law. The Pensions Act 2004.

[Guest Dutchy]

If I could click the agree button several times Casey, you'd be so right, it would hurt you.

 

But not as much as all the people that have had their money stolen from them.

[Bluedell 5,679]

Bob Maxwell never had any qualms about using pension funds!

 

Which resulted in the Pensions Act 1995 being put in place.