The Rangers

[Deleted member 15344]

Newco , oldco , The Rangers etc etc

Why not just call them "Rangers Football Club"

Was listening to the report about them last night and still don't understand what the heck is going on

 

[User62651]

My take is they overspent wildly for years through 90's and early noughties speculating and hoping ECL money would bail them out, it didn't, appauling financial mismanagement. During this time they won multiple trophies whilst paying expensive players through a tax loophole EBTs which may or may not have been illegal, hence the tags of cheats and claims to hand back trophies....mainly from jealous Celtic fans.
In 2012 debts had piled so high creditors and HMRC started calling it in and Rangers couldn't pay. The business was wound up, all monies owed cancelled (rumoured £80 million plus) through bankruptcy to scores of supporting businesses. They restarted as a new company under new owners having bought the assets such a stadia and training facilities for peanuts, massively under value. Those assets should really have been sold to pay off creditors imo and the reformed club could have ground shared with Queens Park at Hampden.
All kinds of business leeches have smelled a fast buck - Whyte, Greene, Ashley etc etc through exploiting the weakended and rudderless old and new companies, all promising hollow investment. Numerous players opted to leave the old club for nothing at collapse, not waiting to be sold, which has irked Rangers fans, traitors in their eyes - Naismith, Whittaker et al.
New Rangers then struggled up through the lower leagues, still massively overspending and missed promotion to the top league last season in a play off loss. The new Saffer owner despite some dodgy business dealings appears to have the club doing better and they have offloaded dud McCoist and the overpaid dead wood players that McCoist had bought. Warburton seems like a good coach and they're top of 2nd tier league so future looks rosier.
Somewhere in this mess Rangers fans seem to believe the blame for all this mess lies squarely at the feet of most of the other Premier League Clubs and especially Celtic for not letting them stay in the top flight in 2012 and nothing to do with their own club. They now look forward with revengeful lust to the 'certain' imminent collapse of many of their opponent clubs......which hasn't happened yet 3 to 4 years later. Simples!

 

[SwingsitlikeHogan]

My take is they overspent wildly for years through 90's and early noughties speculating and hoping ECL money would bail them out, it didn't, appauling financial mismanagement. During this time they won multiple trophies whilst paying expensive players through a tax loophole EBTs which may or may not have been illegal, hence the tags of cheats and claims to hand back trophies....mainly from jealous Celtic fans.
In 2012 debts had piled so high creditors and HMRC started calling it in and Rangers couldn't pay. The business was wound up, all monies owed cancelled (rumoured £80 million plus) through bankruptcy to scores of supporting businesses. They restarted as a new company under new owners having bought the assets such a stadia and training facilities for peanuts, massively under value. Those assets should really have been sold to pay off creditors imo and the reformed club could have ground shared with Queens Park at Hampden.
All kinds of business leeches have smelled a fast buck - Whyte, Greene, Ashley etc etc through exploiting the weakended and rudderless old and new companies, all promising hollow investment. Numerous players opted to leave the old club for nothing at collapse, not waiting to be sold, which has irked Rangers fans, traitors in their eyes - Naismith, Whittaker et al.
New Rangers then struggled up through the lower leagues, still massively overspending and missed promotion to the top league last season in a play off loss. The new Saffer owner despite some dodgy business dealings appears to have the club doing better and they have offloaded dud McCoist and the overpaid dead wood players that McCoist had bought. Warburton seems like a good coach and they're top of 2nd tier league so future looks rosier.
Somewhere in this mess Rangers fans seem to believe the blame for all this mess lies squarely at the feet of most of the other Premier League Clubs and especially Celtic for not letting them stay in the top flight in 2012 and nothing to do with their own club. They now look forward with revengeful lust to the 'certain' imminent collapse of many of their opponent clubs......which hasn't happened yet 3 to 4 years later. Simples!

It is unfortunate but it seems that many Rangers supporters will hold major resentments against the rest of Scottish football for a long, long time. When Rangers get into the Scottish premiership - almost certainly for next season I fear a lot of bitterness and nastiness at matches - maybe not violence - but it isn't going to be nice. I hope I am wrong.

Yes - much of Scottish football has taken great delight in 'rubbing it in' through the last few years - but that was simply in response to the way the Old Firm treated and viewed the rest of Scottish football over decades. The OF wanted out, wanted to leave us, as they couldn't be bothered with their great clubs playing the diddy teams supported by the rest of us. So yes - there was a LOT of (not very nice at times) schadenfreude over Rangers plight, but what did they expect!

Now they say the boot is on the other foot - and I can see why Rangers supporters might well be upset at how much glee has been had at their expense. But many of their supporters seem to be in total denial that their club did anything wrong - and are convinced that it was only the machinations of the rest of us that got them into the mess and dumped out of the league (they weren't relegated btw)

And so here we are a few years on, and The Rangers saga rumbles on. Meanwhile the rest of Scottish Football has been getting on with trying to make the best of what isn't a very good thing tbh. But the armageddon as was predicted by some has not happened. Some clubs have flourished and found some success and a new confidence that will serve them well for years to come, and for when Rangers are once again contesting for the top spot.