((HT: SkySports))
Just when you thought that Rangers was calming down, it's chaos over and over again...
First, a bit of a recap as to how one of the most storied clubs in all of football took it on the chin and fell down after 142 years of being a prize in Scotland...
((HT: Scotland Tonight/STVNews))
But Charles Green done come back...
Last week, he was given a new consultancy role and said that manager Ally McCoist's club should be "challenging for a cup as well as promotion this season." McCoist said what Green said was "embarrassing" and blamed his words as part of a shocking League Cup loss last week.
Add to that, non-executive chairman Walter Smith leaving, and McCoist is a little more than hot...
Here's Jim Whyte with Charles Green...
Showing posts with label Ally McCoist. Show all posts
Showing posts with label Ally McCoist. Show all posts
Friday, August 9, 2013
Friday, April 27, 2012
Two Rangers Bids In, McCoist Resigned To Fate...???
((HT: goal/RangersTV))
Duff and Phelps says officially that there are two bids in house for Glasgow Rangers...
One is from towing magnate Bill Miller and the other is a joint effort now with Brian Kennedy and the Blue Knights. The Kennedy-Knights bid is contingent on an agreement wit all creditors and the purchase of Craig Whyte's shares on the board...
David Whitehouse, joint administrator of Rangers from Duff and Phelps, said in a prepared release:
"We can confirm this afternoon that we are in receipt of two formal bids for control of Rangers Football Club.
"Both bids at this stage remain conditional.
"We are in receipt of a bid from Bill Miller, whose bid is conditional on securing greater comfort and clarity from the football authorities in relation to sanctions against Rangers.
"Clearly, the events of last Monday night when the SFA's judicial panel imposed severe and, in our view, unwarranted penalties on the club had a destabilising effect on the sale process.
"However, since then, Mr Miller's bid team have worked to develop a structure which enables the wishes of creditors to be taken into account whilst ensuring that the club is taken forward well-capitalised and the requirements of the footballing authorities are met.
"Mr Miller hopes a solution to all regulatory issues can be found and his team has been in constructive discussions with all relevant parties this week.
"This afternoon Brian Kennedy and Paul Murray submitted a bid which is conditional on a CVA being approved by creditors and we will seek guidance from prominent creditors.
"It is also conditional on the acquisition of the shares of Craig Whyte in the football club and we have asked for this and other points in the bid to be clarified.
"We note the statement today issued by Ticketus and its withdrawal as a potential partner for the Blue Knights.
"What should be clarified is that neither bid involves liquidation of the football club.
"In terms of quantum, there are significant differences between the two offers in terms of a prospective return to creditors and approach to future funding and these have to be evaluated.
"We will provide a further update as soon as possible."
Meanwhile, in an interview with Rangers TV, team manager Ally McCoist seems somewhat resigned to the idea that, maybe, dropping down a few divisions may not be such a bad idea while the Gers try to come up out of administration...
Wouldn't Celtic love that...???
The larger question now involves Ticketus and their stake in Rangers. They have pulled out of the consortium bid, but are still on the take for 27-million pounds as Rangers largest creditor. they could try and chase Whyte outside of Rangers debt and try and reclaim their money from him directly or Whyte could, simply, hand over his stake and Ticketus would assume those percentages.
Her Majesty's Royalty and Customs (the Crown's IRS) may supercede Ticketus as the Number One Creditor when all of the outstanding revenues are computed.
And that would get everyone in a lather...
Duff and Phelps says officially that there are two bids in house for Glasgow Rangers...
One is from towing magnate Bill Miller and the other is a joint effort now with Brian Kennedy and the Blue Knights. The Kennedy-Knights bid is contingent on an agreement wit all creditors and the purchase of Craig Whyte's shares on the board...
David Whitehouse, joint administrator of Rangers from Duff and Phelps, said in a prepared release:
"We can confirm this afternoon that we are in receipt of two formal bids for control of Rangers Football Club.
"Both bids at this stage remain conditional.
"We are in receipt of a bid from Bill Miller, whose bid is conditional on securing greater comfort and clarity from the football authorities in relation to sanctions against Rangers.
"Clearly, the events of last Monday night when the SFA's judicial panel imposed severe and, in our view, unwarranted penalties on the club had a destabilising effect on the sale process.
"However, since then, Mr Miller's bid team have worked to develop a structure which enables the wishes of creditors to be taken into account whilst ensuring that the club is taken forward well-capitalised and the requirements of the footballing authorities are met.
"Mr Miller hopes a solution to all regulatory issues can be found and his team has been in constructive discussions with all relevant parties this week.
"This afternoon Brian Kennedy and Paul Murray submitted a bid which is conditional on a CVA being approved by creditors and we will seek guidance from prominent creditors.
"It is also conditional on the acquisition of the shares of Craig Whyte in the football club and we have asked for this and other points in the bid to be clarified.
"We note the statement today issued by Ticketus and its withdrawal as a potential partner for the Blue Knights.
"What should be clarified is that neither bid involves liquidation of the football club.
"In terms of quantum, there are significant differences between the two offers in terms of a prospective return to creditors and approach to future funding and these have to be evaluated.
"We will provide a further update as soon as possible."
Meanwhile, in an interview with Rangers TV, team manager Ally McCoist seems somewhat resigned to the idea that, maybe, dropping down a few divisions may not be such a bad idea while the Gers try to come up out of administration...
Wouldn't Celtic love that...???
The larger question now involves Ticketus and their stake in Rangers. They have pulled out of the consortium bid, but are still on the take for 27-million pounds as Rangers largest creditor. they could try and chase Whyte outside of Rangers debt and try and reclaim their money from him directly or Whyte could, simply, hand over his stake and Ticketus would assume those percentages.
Her Majesty's Royalty and Customs (the Crown's IRS) may supercede Ticketus as the Number One Creditor when all of the outstanding revenues are computed.
And that would get everyone in a lather...
Monday, April 23, 2012
Rangers Update: Whyte Gets A Ban, So Do Rangers
The administrators from Duff and Phelps broke out the word "draconian" in describing the decision that came down today from the Scottish Football Association...
The SFA decided that owner Craig Whyte was to be fined 200,000 pounds and was the proud owner of a lifetime ban after being deemed unfit to own or manage an SFA franchise.
Whyte's response to the sanctions...?
"Tell me how it is going to affect me? I couldn't care less. It makes no difference to my life whatsoever - and good luck collecting the money.
"It's a joke."
But that wasn't all... much like what the NCAA does when they hand out sanctions to schools, the SFA acted in the same manner- a 160,000-pound fine and a 12-month embargo on any player signings for Rangers...
D&P wasn't pleased at all... here's their response in full...
Paul Clark is given credit for the statement...
"All of us working on behalf of the Club are utterly shocked and dismayed by the draconian sanctions imposed on Rangers in respect of these charges.
"It appears that on one hand the disciplinary panel accepted our central argument that responsibility for bringing the Club into disrepute lay with the actions of one individual - Craig Whyte - as is evident from the unprecedented punishment meted out to him.
"During this hearing the Club produced compelling evidence from a number of sources that following his takeover, Craig Whyte ran the Club in a thoroughly unaccountable manner, rather than adhering to a long-established and proper form of corporate governance.
"The thrust of the charges against the Club focused on non-payment of payroll taxes and evidence was produced that all such decisions in this area were taken by Craig Whyte during his tenure.
"Given this evidence, it is difficult to comprehend that the disciplinary panel has seen fit to effectively punish the Club even more heavily than Mr Whyte. As everyone knows, it has already been decided he is not a fit and proper person to run a football club and any further punishment on him will have little or no impact.
"However, for Rangers, a ban on signing players will seriously undermine the Club's efforts to rebuild after being rendered insolvent.
"Furthermore, we do not know how bidders for the Club will react to these sanctions and what affect they will have on their proposals.
"The Club has asked for full written reasons for these decisions and intend to appeal against the findings."
Let's go back to the original adminstration presser for a reminder to the SFA what the Rangers actually are going through at the moment...
((HT: BBCNews/youtube))
Spaeking of one of the guys chasing after Rangers...
Towing major domo Bill Miller is proceeding with his 11.2-million pound deal to create two separate but operating equally Rangers franchises. He says he has had conversations with the SFA and the SPFA (the player's union), but wants to still talk to head coach Ally McCoist when he can between now and the time of the team's next game this weekend against Hearts.
The plot thickens...
The SFA decided that owner Craig Whyte was to be fined 200,000 pounds and was the proud owner of a lifetime ban after being deemed unfit to own or manage an SFA franchise.
Whyte's response to the sanctions...?
"Tell me how it is going to affect me? I couldn't care less. It makes no difference to my life whatsoever - and good luck collecting the money.
"It's a joke."
But that wasn't all... much like what the NCAA does when they hand out sanctions to schools, the SFA acted in the same manner- a 160,000-pound fine and a 12-month embargo on any player signings for Rangers...
D&P wasn't pleased at all... here's their response in full...
Paul Clark is given credit for the statement...
"All of us working on behalf of the Club are utterly shocked and dismayed by the draconian sanctions imposed on Rangers in respect of these charges.
"It appears that on one hand the disciplinary panel accepted our central argument that responsibility for bringing the Club into disrepute lay with the actions of one individual - Craig Whyte - as is evident from the unprecedented punishment meted out to him.
"During this hearing the Club produced compelling evidence from a number of sources that following his takeover, Craig Whyte ran the Club in a thoroughly unaccountable manner, rather than adhering to a long-established and proper form of corporate governance.
"The thrust of the charges against the Club focused on non-payment of payroll taxes and evidence was produced that all such decisions in this area were taken by Craig Whyte during his tenure.
"Given this evidence, it is difficult to comprehend that the disciplinary panel has seen fit to effectively punish the Club even more heavily than Mr Whyte. As everyone knows, it has already been decided he is not a fit and proper person to run a football club and any further punishment on him will have little or no impact.
"However, for Rangers, a ban on signing players will seriously undermine the Club's efforts to rebuild after being rendered insolvent.
"Furthermore, we do not know how bidders for the Club will react to these sanctions and what affect they will have on their proposals.
"The Club has asked for full written reasons for these decisions and intend to appeal against the findings."
Let's go back to the original adminstration presser for a reminder to the SFA what the Rangers actually are going through at the moment...
((HT: BBCNews/youtube))
Spaeking of one of the guys chasing after Rangers...
Towing major domo Bill Miller is proceeding with his 11.2-million pound deal to create two separate but operating equally Rangers franchises. He says he has had conversations with the SFA and the SPFA (the player's union), but wants to still talk to head coach Ally McCoist when he can between now and the time of the team's next game this weekend against Hearts.
The plot thickens...
Friday, February 24, 2012
Friday Administration Update: Rangers Owe More Than They Thought
((HT: STV))
And one of the managing partners feels "duped" for having brought Craig Whyte on in the first place...
According to our friends at STV, the bill on outstanding tax debt is more in the neighborhood of 15-million pounds instead of the originally-thought 9-million.
Rangers director Andrew Ellis has now come forward and is claiming that he didn't know the extent of Whyte's resume (the bad part) and has apologized to the club and its supporters.
Ellis said in an interview with Press Association Sport, released by STV:
"I took Craig to meet Sir David Murray in the south of France and that's when talks began and I'm distraught that it has ended up like this. My interest in buying the club had ended due to the potential cost of the impending tax case but I had met Craig via the Cadbury family and was told by people that he was a very successful and wealthy businessman who was interested in buying Rangers.
"He appeared to have the money, he showed me proof of funds and told me about the numerous companies he owned. I was absolutely devastated last week to see the club go into administration with jobs at risk."
Ellis also said that he had an agreement in principle to pick up just under a quarter of the Rangers ownership, but Whyte kept dodging him when asked.
In other Rangers news, they now have an official bill with the local police since they haven't paid for their protection from their first game back in administration.
The local po-po is going to take it on a case-by-case basis...
And manager Ally McCoist was asked about the revelations about the leveraging of the ticket broker, Ticketus, their front money and the retiring of a debt using future funds.
"My reaction was shock but not surprise. Shock because it's obviously not a good situation, but not a surprise because all of the journalists and newspapers were heading in that direction. That kind of took the surprise element away."
Here's your early recap from BBCNews Scotland and johngreig...
And one of the managing partners feels "duped" for having brought Craig Whyte on in the first place...
According to our friends at STV, the bill on outstanding tax debt is more in the neighborhood of 15-million pounds instead of the originally-thought 9-million.
Rangers director Andrew Ellis has now come forward and is claiming that he didn't know the extent of Whyte's resume (the bad part) and has apologized to the club and its supporters.
Ellis said in an interview with Press Association Sport, released by STV:
"I took Craig to meet Sir David Murray in the south of France and that's when talks began and I'm distraught that it has ended up like this. My interest in buying the club had ended due to the potential cost of the impending tax case but I had met Craig via the Cadbury family and was told by people that he was a very successful and wealthy businessman who was interested in buying Rangers.
"He appeared to have the money, he showed me proof of funds and told me about the numerous companies he owned. I was absolutely devastated last week to see the club go into administration with jobs at risk."
Ellis also said that he had an agreement in principle to pick up just under a quarter of the Rangers ownership, but Whyte kept dodging him when asked.
In other Rangers news, they now have an official bill with the local police since they haven't paid for their protection from their first game back in administration.
The local po-po is going to take it on a case-by-case basis...
And manager Ally McCoist was asked about the revelations about the leveraging of the ticket broker, Ticketus, their front money and the retiring of a debt using future funds.
"My reaction was shock but not surprise. Shock because it's obviously not a good situation, but not a surprise because all of the journalists and newspapers were heading in that direction. That kind of took the surprise element away."
Here's your early recap from BBCNews Scotland and johngreig...
Thursday, February 23, 2012
Thursday Administration Update: Rangers Have Redundancy
((HT: STV/SkySports))
And, as a result, Chief operating officer Ali Russell and Gordon Smith, director of football, are leaving their roles with Rangers.
Smith said he was "undermined" through his association with owner Craig Whyte...
Here's Smith statement from the Rangers website:
"It was a great thrill to be offered the Director of Football role at Rangers. As a fan it was a wonderful experience to play such a big part in our treble winning season of 77/78. However like my transfer in 1980 my leaving at this time comes as a tremendous wrench.
"I admit that under the current circumstances it has not come as a major surprise to me. I was brought in by Craig Whyte but because his control and reputation has been damaged by recent disclosures, I feel my own position has been undermined by association.
"However, I would make the point that I was very frustrated in my job as I was unable to fulfill the job specification which was originally outlined for me. This was to control the major aspects of the football department outwith the first team operations.
"These were to include recruitment, scouting, transfer negotiations and youth development. I wasn't in control of any of these activities despite constantly making it clear to Craig Whyte that this was to be my remit. I outlined my medium to long term strategies for the Club on numerous occasions to no avail.
"There's no point in being a Director of Football unless you can control these areas, so, in that respect I'm totally comfortable with being made redundant at this time.
"The main thing for me is that Rangers survives and continues to operate as a great football club and I offer my full support going forward to ensure this happens."
Both are staying until the end of the month to finish up their jobs and administrators Duff and Phelps are handing over findings to local police for their own investigations.
And it now appears that the tax liability may be more into the neighborhood of 15-million pounds instead of 9-million...
Here's looking back at the preview of game one after administration, thanks johngreig...
((HT: SkySports))
And, as a result, Chief operating officer Ali Russell and Gordon Smith, director of football, are leaving their roles with Rangers.
Smith said he was "undermined" through his association with owner Craig Whyte...
Here's Smith statement from the Rangers website:
"It was a great thrill to be offered the Director of Football role at Rangers. As a fan it was a wonderful experience to play such a big part in our treble winning season of 77/78. However like my transfer in 1980 my leaving at this time comes as a tremendous wrench.
"I admit that under the current circumstances it has not come as a major surprise to me. I was brought in by Craig Whyte but because his control and reputation has been damaged by recent disclosures, I feel my own position has been undermined by association.
"However, I would make the point that I was very frustrated in my job as I was unable to fulfill the job specification which was originally outlined for me. This was to control the major aspects of the football department outwith the first team operations.
"These were to include recruitment, scouting, transfer negotiations and youth development. I wasn't in control of any of these activities despite constantly making it clear to Craig Whyte that this was to be my remit. I outlined my medium to long term strategies for the Club on numerous occasions to no avail.
"There's no point in being a Director of Football unless you can control these areas, so, in that respect I'm totally comfortable with being made redundant at this time.
"The main thing for me is that Rangers survives and continues to operate as a great football club and I offer my full support going forward to ensure this happens."
Both are staying until the end of the month to finish up their jobs and administrators Duff and Phelps are handing over findings to local police for their own investigations.
And it now appears that the tax liability may be more into the neighborhood of 15-million pounds instead of 9-million...
Here's looking back at the preview of game one after administration, thanks johngreig...
((HT: SkySports))
Wednesday, February 22, 2012
Wednesday Administration Update: Rangers and Pompey
((HT: STV/SkySports))
The news is better for Rangers than Portsmouth...
So, which would you like first...???
Okay... the bad news...
Portsmouth may run out of cash within months and they face this financial problem (or "new" financial problem) after not making any moves in the transfer window. Portsmouth Chief Exec David Lampitt has left the building (like, now)...
Administrator Trevor Birch released more information on the Portsmouth website this afternoon...
“We have had no choice but to take the difficult decision to make a number of redundancies across all levels and departments within Portsmouth Football Club.
“Additionally, we are asking certain employees to defer wages on an ongoing basis and are asking several members of staff to move from a full-time to a part-time role.
“These measures are painful for everyone involved with the club, but they are essential for Portsmouth’s survival, which is our main objective."
The bottom line is that the team needs a buyer.
The administrators are also saying that Pompey are running a triple-a squad on a major league budget- something they really can't do...
On the Rangers front, manager Ally McCoist and director Dave King met with Duff and Phelps adminstrators earlier today at Ibrox Stadium. The comments from David Whitehouse, joint admin from D&P, outline the obvious...
"Right now, it is quite simple - income now will help secure the future of Rangers.
"Our focus is on generating income for the Club but there is also a focus on costs and the steps we are taking in terms of the cost base of the Club will evolve during the next week.
"On a daily basis we are talking to department heads and seeing where there is capacity for cost savings but being very mindful of the need to both to preserve the performance on the pitch and retain the efficiency of the club off the pitch as well.
"Overall, I would describe the situation as positive. Everybody recognises the plight that the club is in and have come to the table to help and assist where possible."
There are more talks of a takeover by groups involved in the Rangers day-to-day, and there is also the prospect of further investigation into Craig Whyte and the finances that are missing...
And here's the BBC1 Scotland in-depth report on Whyte...
Yes, the HQ knows we've directed you to this before...
The news is better for Rangers than Portsmouth...
So, which would you like first...???
Okay... the bad news...
Portsmouth may run out of cash within months and they face this financial problem (or "new" financial problem) after not making any moves in the transfer window. Portsmouth Chief Exec David Lampitt has left the building (like, now)...
Administrator Trevor Birch released more information on the Portsmouth website this afternoon...
“We have had no choice but to take the difficult decision to make a number of redundancies across all levels and departments within Portsmouth Football Club.
“Additionally, we are asking certain employees to defer wages on an ongoing basis and are asking several members of staff to move from a full-time to a part-time role.
“These measures are painful for everyone involved with the club, but they are essential for Portsmouth’s survival, which is our main objective."
The bottom line is that the team needs a buyer.
The administrators are also saying that Pompey are running a triple-a squad on a major league budget- something they really can't do...
On the Rangers front, manager Ally McCoist and director Dave King met with Duff and Phelps adminstrators earlier today at Ibrox Stadium. The comments from David Whitehouse, joint admin from D&P, outline the obvious...
"Right now, it is quite simple - income now will help secure the future of Rangers.
"Our focus is on generating income for the Club but there is also a focus on costs and the steps we are taking in terms of the cost base of the Club will evolve during the next week.
"On a daily basis we are talking to department heads and seeing where there is capacity for cost savings but being very mindful of the need to both to preserve the performance on the pitch and retain the efficiency of the club off the pitch as well.
"Overall, I would describe the situation as positive. Everybody recognises the plight that the club is in and have come to the table to help and assist where possible."
There are more talks of a takeover by groups involved in the Rangers day-to-day, and there is also the prospect of further investigation into Craig Whyte and the finances that are missing...
And here's the BBC1 Scotland in-depth report on Whyte...
Yes, the HQ knows we've directed you to this before...
Saturday, February 18, 2012
Saturday Administration Update: Pompey And Rangers
((HT: SkySports/johngreig))
First, here's the Sky live shot before the Rangers game against Kilmarnock...
But Killie got the 1-0 win at Ibrox to put Rangers 14 points behind Celtic in the SPL ladder. Manager Ally McCoist said he would not surrender the league title at this point, and he would not make any finger-pointing toward the front office at present.
It was a packed house and the supporters were in full throat...
((HT: youtube))
Craig Whyte chose not to show at Ibrox for the loss, and there seems to be some movement on the issues of "visibility" when it comes to some finances... 24-million pounds worth of "visibility" that had come from a deal on future season ticket sales with the firm Ticketus.
Duff and Phelps administrator Paul Clark said before the game to BBC News:
"We have received some information overnight in relation to various monies and various transactions in relation to Rangers Football Club.
"We're going to be looking at all of that information over the coming days and we expect to give some form of announcement during the course of next week.
"But, at the moment, from the financial side of things, we are still working so that we can prepare a proper statement for delivery next week."
"It's in relation to several transactions in relation to the takeover and other issues in relation to the financial affairs of the football club over the past few months."
Portsmouth lost 2-0 at Barnsley... combined with the Nottingham Forest win against Coventry City, they are now in a relegation battle with Coventry City and Doncaster with Forest three points clear...
First, here's the Sky live shot before the Rangers game against Kilmarnock...
But Killie got the 1-0 win at Ibrox to put Rangers 14 points behind Celtic in the SPL ladder. Manager Ally McCoist said he would not surrender the league title at this point, and he would not make any finger-pointing toward the front office at present.
It was a packed house and the supporters were in full throat...
((HT: youtube))
Craig Whyte chose not to show at Ibrox for the loss, and there seems to be some movement on the issues of "visibility" when it comes to some finances... 24-million pounds worth of "visibility" that had come from a deal on future season ticket sales with the firm Ticketus.
Duff and Phelps administrator Paul Clark said before the game to BBC News:
"We have received some information overnight in relation to various monies and various transactions in relation to Rangers Football Club.
"We're going to be looking at all of that information over the coming days and we expect to give some form of announcement during the course of next week.
"But, at the moment, from the financial side of things, we are still working so that we can prepare a proper statement for delivery next week."
"It's in relation to several transactions in relation to the takeover and other issues in relation to the financial affairs of the football club over the past few months."
Portsmouth lost 2-0 at Barnsley... combined with the Nottingham Forest win against Coventry City, they are now in a relegation battle with Coventry City and Doncaster with Forest three points clear...
Friday, February 17, 2012
Administration Update: Pompey And Rangers
For the second time in three years, it's official...
Championship squad Portsmouth is in administration all over again...
Which means the immediate 10-point deduction happens after a 7-day appeals process... which also means that Pompey is now in a relegation battle with
The team issued a statement, some of which is below:
Trevor Birch, Bryan Jackson and Ian Gould of accountancy firm PKF, have been appointed administrators to the club.
Commenting on their appointment, Trevor Birch said: “Portsmouth Football Club is a vital part of the local community and its fans, players and staff have been unswerving in their support despite the club’s recent difficulties. We will do all we can to secure the club’s long term future and ensure that this loyalty is rewarded.
“We will work with everyone involved with Portsmouth Football Club – directors, staff, players and creditors – to attempt to resolve the financial issues facing the club.
“Our aim is to achieve an outcome that helps ensure the club’s long term survival, preferably by finding a suitable buyer.
Manager Michael Appleton and striker Marco Futacs comment on the current state of affairs...
((HT: PortsmouthFC))
And the guys from SportsTonightLive discuss as well...
The 10-point deduction puts them in a fight for survival with Nottingham Forest, Coventry City, and Doncaster. The only thing saving Pompey at present is their goal differential of +2 versus Coventry's -16 and Nottingham's -25
Portsmouth's situation is so bad that electricity was threatened to be turned off at Fratton Park...
On the Rangers front...
Ally McCoist is preparing his team for their match Saturday...
((HT: SkySports/johngreig))
BBCNewsnight Scotland had a discussion on the idea that the team has not been paying their dues- and THAT's the reason the tax man is coming calling...
The Scottish Football Administration is having their own investigation into the actions of current President Craig Whyte and his new admission that he was given previous disqualification as a company director.
Championship squad Portsmouth is in administration all over again...
Which means the immediate 10-point deduction happens after a 7-day appeals process... which also means that Pompey is now in a relegation battle with
The team issued a statement, some of which is below:
Trevor Birch, Bryan Jackson and Ian Gould of accountancy firm PKF, have been appointed administrators to the club.
Commenting on their appointment, Trevor Birch said: “Portsmouth Football Club is a vital part of the local community and its fans, players and staff have been unswerving in their support despite the club’s recent difficulties. We will do all we can to secure the club’s long term future and ensure that this loyalty is rewarded.
“We will work with everyone involved with Portsmouth Football Club – directors, staff, players and creditors – to attempt to resolve the financial issues facing the club.
“Our aim is to achieve an outcome that helps ensure the club’s long term survival, preferably by finding a suitable buyer.
Manager Michael Appleton and striker Marco Futacs comment on the current state of affairs...
((HT: PortsmouthFC))
And the guys from SportsTonightLive discuss as well...
The 10-point deduction puts them in a fight for survival with Nottingham Forest, Coventry City, and Doncaster. The only thing saving Pompey at present is their goal differential of +2 versus Coventry's -16 and Nottingham's -25
Portsmouth's situation is so bad that electricity was threatened to be turned off at Fratton Park...
On the Rangers front...
Ally McCoist is preparing his team for their match Saturday...
((HT: SkySports/johngreig))
BBCNewsnight Scotland had a discussion on the idea that the team has not been paying their dues- and THAT's the reason the tax man is coming calling...
The Scottish Football Administration is having their own investigation into the actions of current President Craig Whyte and his new admission that he was given previous disqualification as a company director.
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