Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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There is a chance they are on a lot more onerous terms as well.


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Just checked, and there is no mention of any repayment terms. That suggests to me that there is no interest, and it's a "soft loan".

How the HK money is dealt with, though, we can only speculate....

[doddsy]

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Just checked, and there is no mention of any repayment terms. That suggests to me that there is no interest, and it's a "soft loan".

How the HK money is dealt with, though, we can only speculate....

Seems King was right as to there being people behind the scenes with deep pockets and willing to fund a long game. Of course they will require reward at some point in some manner however by that time the football club will be on a much sounder footing.

On a moral note there is still many questions to be answered as to title stripping and how the sfa with LNS acted behind the scenes which at first glance seems particularly skewed.

[doddsy]

Just read 'Bomber Brown' and others are making moves to re-enact the fans groups as one organisation called wait for it - the 1872 club.

I know I've put on record while I know the Rangers were liquidated however still more or less the same club due to stadium, strips etc etc but dearie me that seems a bit ott. Shows a bit arrogance? Maybe others will disagree.

[Eyrie]

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Just read 'Bomber Brown' and others are making moves to re-enact the fans groups as one organisation called wait for it - the 1872 club.

I know I've put on record while I know the Rangers were liquidated however still more or less the same club due to stadium, strips etc etc but dearie me that seems a bit ott. Shows a bit arrogance? Maybe others will disagree.

That must be to make sure no-one confuses them with Sevco 2012, who are a new club.

[JeMeSouviens]

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Just read 'Bomber Brown' and others are making moves to re-enact the fans groups as one organisation called wait for it - the 1872 club.

I know I've put on record while I know the Rangers were liquidated however still more or less the same club due to stadium, strips etc etc but dearie me that seems a bit ott. Shows a bit arrogance? Maybe others will disagree.

All the relentless 140+ years and 1872 pish does is underline how sensitive they are about the fact they let their old club die. They know, and they know we know.

[Ryan69]

Do financial FairPlay rulings not apply to The Rangers?
If not...why not?

[Moulin Yarns]

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Do financial FairPlay rulings not apply to The Rangers?
If not...why not?

Because they are a new club and don't have the 'history'


sorry CWG, I couldn't resist

[Ryan69]

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Because they are a new club and don't have the 'history'


sorry CWG, I couldn't resist

I thought it was todo with your spending being far more than their turnover...so they do have history on this

[Ozyhibby]

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Do financial FairPlay rulings not apply to The Rangers?
If not...why not?

We don't have any financial fair play rules in Scotland.


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[CropleyWasGod]

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We don't have any financial fair play rules in Scotland.


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We have licensing requirements for clubs, which include financial and accounting rules.

However, for those clubs wishing to play in UEFA competition, their FFP rules apply.

[CropleyWasGod]

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Because they are a new club and don't have the 'history'


sorry CWG, I couldn't resist

It's interesting that, in the SFA's list of club licences (dated March 16), both they and Hearts are shown as having "Entry level" licences.

We're Gold, of course......

[Kato]

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Just read 'Bomber Brown' and others are making moves to re-enact the fans groups as one organisation called wait for it - the 1872 club.

I think it's in honour of the £1,872 the Old Rangers owed Brown when they kicked the bucket.

[Ozyhibby]

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We have licensing requirements for clubs, which include financial and accounting rules.

However, for those clubs wishing to play in UEFA competition, their FFP rules apply.

Do the licensing requirements have any FFP element to them? Given Sevco have run a £10m deficit on a £12-16m turnover every year for 4 years now it can't be very strict if it does?


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[CropleyWasGod]

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Do the licensing requirements have any FFP element to them? Given Sevco have run a £10m deficit on a £12-16m turnover every year for 4 years now it can't be very strict if it does?


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The licensing requirements haven't been updated since 2012. I know that it's the SFA's intention to adopt the UEFA model in due course, but there's no word on that.

They include conditions about Accounts and Audits, but nothing about numbers as yet.

Edit... bullocks. It was updated in 2015

[Ozyhibby]

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The licensing requirements haven't been updated since 2012. I know that it's the SFA's intention to adopt the UEFA model in due course, but there's no word on that.

They include conditions about Accounts and Audits, but nothing about numbers as yet.

They won't bring it in till they know Sevco will be able to comply. Governance in Scottish football is a disgrace.


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[CropleyWasGod]

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They won't bring it in till they know Sevco will be able to comply. Governance in Scottish football is a disgrace.


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On the face of it, Rangers don't comply with the UEFA requirements. If they win the Cup, they may be refused entry to the Europa League.

[jgl07]

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On the face of it, Rangers don't comply with the UEFA requirements. If they win the Cup, they may be refused entry to the Europa League.

But they only seem to apply the tests to teams already in Europe. Liverpool would have failed FFP in 2012-13 but they were not tested as they were not in Europe Competition in 2011-12. They were tested in 2013-14 but by then had passed. he same thing applied to Monaco.

[CropleyWasGod]

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But they only seem to apply the tests to teams already in Europe. Liverpool would have failed FFP in 2012-13 but they were not tested as they were not in Europe Competition in 2011-12. They were tested in 2013-14 but by then had passed. he same thing applied to Monaco.

As far as I understand it, if RFC were to apply for a licence for next season, it would initially be refused. It's nothing to with FFP;it's to do with the Audit Report on their latest accounts.

There are various ways they might get round that, which i'm still trying to understand....

) If the auditor’s report has, in respect of going concern, either an emphasis of
matter or a qualified ‘except for’ opinion, the licence must be refused, unless
either:
i) a subsequent audit opinion without going concern emphasis of matter or
qualification is provided, in relation to the same financial year; or
ii) additional documentary evidence demonstrating the licence applicant’s
ability to continue as a going concern until at least the end of the licence
season has been provided to, and assessed by, the licensor to his
satisfaction. The additional documentary evidence includes, but is not
necessarily limited to, the information described in Article 52 (Future
financial information).

[Bostonhibby]

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We have licensing requirements for clubs, which include financial and accounting rules.

However, for those clubs wishing to play in UEFA competition, their FFP rules apply.

They probably don't want to win the Scottish cup then

[SuperAllyMcleod]

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They probably don't want to win the Scottish cup then

They will want to beat Celtic though - let's hope we get them in the final!

[GreenLake]

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They will want to beat Celtic though - let's hope we get them in the final!

I would rather play Celtic where we will have a one man advantage of 12 against 11. Celtic will have 10 men and the referee and we will have 11 men and Leigh Griffiths.

[Waxy]

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I would rather play Celtic where we will have a one man advantage of 12 against 11. Celtic will have 10 men and the referee and we will have 11 men and Leigh Griffiths.

I'm sure Leigh Griffiths will face us many times and score a few goals against us.We know he'll feel gutted but £&@& happens.

[Hibby Kay-Yay]

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I would rather play Celtic where we will have a one man advantage of 12 against 11. Celtic will have 10 men and the referee and we will have 11 men and Leigh Griffiths.

Minus Stokes and Henderson though!

[CropleyWasGod]

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Minus Stokes and Henderson though!

Do we actually know this?

It seems to be generally assumed, but do we know such a clause is in the loan agreements? After all, we didn't have one for Callum Booth when Raith and us were in different divisions.

[Ozyhibby]

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Do we actually know this?

It seems to be generally assumed, but do we know such a clause is in the loan agreements? After all, we didn't have one for Callum Booth when Raith and us were in different divisions.

Stubbs confirmed it when we had a chance of Celtic in league cup final.


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[CropleyWasGod]

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Stubbs confirmed it when we had a chance of Celtic in league cup final.


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Ah, ok, missed that. Cheers.

(can they wear masks and pretend to be someone else?)

[Geo_1875]

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Ah, ok, missed that. Cheers.

(can they wear masks and pretend to be someone else?)

Stokes could wear a Garry O'Connor mask and pretend to be a striker

[GreenLake]

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I'm sure Leigh Griffiths will face us many times and score a few goals against us.We know he'll feel gutted but £&@& happens.

I had a hope he might miss their last penalty then run off celebrating with the Hibs team.

[Moulin Yarns]

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I had a hope he might miss their last penalty then run off celebrating with the Hibs team.

Then be invited to lift the cup?!

[GreenLake]

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Then be invited to lift the cup?!

You read my mind.