Generic Sevco / Rangers meltdown thread

**Ozyhibby** · 01-10-2019 02:29 PM

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**HoboHarry** · 01-10-2019 02:39 PM

Originally Posted by Ozyhibby

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Popcorn time lol......

***Billy Whizz*** · 01-10-2019 06:26 PM

Originally Posted by Ozyhibby

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Is this to decide the compensation, for breaching the Sports Direct contract?

**HoboHarry** · 01-10-2019 07:14 PM

Originally Posted by Billy Whizz

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Is this to decide the compensation, for breaching the Sports Direct contract?

Yes, there was an interim payment of 440,000 IIRC but this one could be in the millions......

***CraigHibee*** · 01-10-2019 07:19 PM

Im hoping its a substantial sum :)

**HoboHarry** · 01-10-2019 07:26 PM

Originally Posted by CraigHibee

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Im hoping its a substantial sum :)

Twice as much as what would be required to send the club into liquidation would be grand.....

***weecounty hibby*** · 01-10-2019 08:31 PM

I've missed this thread. Please let it be an eye watering sum they have to stump up

**Smartie** · 01-10-2019 08:34 PM

Originally Posted by weecounty hibby

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I've missed this thread. Please let it be an eye watering sum they have to stump up

I get a giddy, lovestruck teenager feeling when it see it back on the front page.

***Bostonhibby*** · 01-10-2019 08:48 PM

Originally Posted by weecounty hibby

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I've missed this thread. Please let it be an eye watering sum they have to stump up

Sevconians will be falling over themselves to stop their team going bust again, they'll rally round and pay their debts just like they did with the now defunct Glasgow rangers.

They don't do walking away you know..... oh wait a minute.

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**sadtom** · 01-10-2019 08:59 PM

How perfect would it be if there are exactly another 250 pages on this thread when they finally die.

***CyberSauzee*** · 01-10-2019 09:09 PM

Still funny

https://www.youtube.com/watch?v=H8x_59EjZOs&t=7s

***CraigHibee*** · 01-10-2019 09:23 PM

Originally Posted by CyberSauzee

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Still funny

https://www.youtube.com/watch?v=H8x_59EjZOs&t=7s

haha so funny as it's so true

***Keith_M*** · 02-10-2019 10:59 AM

Originally Posted by sadtom

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How perfect would it be if there are exactly another 250 pages on this thread when they finally die.

Only one more page would be even better.

**Ozyhibby** · 02-10-2019 12:28 PM

New shares issued.

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**Ozyhibby** · 02-10-2019 12:35 PM

Originally Posted by Ozyhibby

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New shares issued.

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Actually that’s the wrong screenshot.

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***Moulin Yarns*** · 02-10-2019 12:46 PM

Originally Posted by Ozyhibby

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Actually that’s the wrong screenshot.

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Whit? 35 million shares for 20p????

**Smartie** · 02-10-2019 01:05 PM

What does this mean?

**HoboHarry** · 02-10-2019 01:16 PM

Originally Posted by Smartie

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What does this mean?

Was wondering that too. Are these for sale to the public or have they been issued to those providing soft loans to stay onside with the Fair Play rules?

**Ozyhibby** · 02-10-2019 01:26 PM

Originally Posted by HoboHarry

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Was wondering that too. Are these for sale to the public or have they been issued to those providing soft loans to stay onside with the Fair Play rules?

Think it’s just converting more debt to equity. A lot of people have chucked a lot of money at them and still not a single trophy in the cabinet.

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***Billy Whizz*** · 02-10-2019 01:29 PM

Originally Posted by Smartie

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What does this mean?

Means they are skint, need to raise money

**HoboHarry** · 02-10-2019 01:31 PM

Originally Posted by Ozyhibby

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Think it’s just converting more debt to equity. A lot of people have chucked a lot of money at them and still not a single trophy in the cabinet.

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What debt though? The debt owed to Park etc? If it is that doesn't really benefit the club really in terms of (for example) offsetting a potential payout to SDI? I'm no expert in this so happy to have it explained to me why I'm wrong.....

**Ozyhibby** · 02-10-2019 01:32 PM

Originally Posted by HoboHarry

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What debt though? The debt owed to Park etc? If it is that doesn't really benefit the club really in terms of (for example) offsetting a potential payout to SDI? I'm no expert in this so happy to have it explained to me why I'm wrong.....

Doesn’t give the club more cash but does help with uefa ffp rules.

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**HoboHarry** · 02-10-2019 01:36 PM

Originally Posted by Ozyhibby

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Doesn’t give the club more cash but does help with uefa ffp rules.

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That was the question I asked earlier - that makes sense but in terms of financial help it does nothing for the club. Splendid, hope the b******s go under, shouting and screaming all the way.....

***jacomo*** · 02-10-2019 02:06 PM

Originally Posted by Ozyhibby

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Think it’s just converting more debt to equity. A lot of people have chucked a lot of money at them and still not a single trophy in the cabinet.

Come on now. They’ve won the Petrofac cup and the division one trophy, which for a club founded in 2012 is not to be sniffed at.

***Bostonhibby*** · 02-10-2019 02:18 PM

Originally Posted by jacomo

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Come on now. They’ve won the Petrofac cup and the division one trophy, which for a club founded in 2012 is not to be sniffed at.

There are folk out there who'd be proud to have the petrofac shield or whatever it is on their mantelpiece.

I think you get to have loads of big stars on your shirt badge, like the clubs who've won the Champions league and the world cup.

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***Keith_M*** · 02-10-2019 03:03 PM

Originally Posted by Moulin Yarns

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Whit? 35 million shares for 20p????

Presumably 20p each, though you never know.

Seven million pounds of soft loans converted into shares?

***Keith_M*** · 02-10-2019 03:08 PM

Originally Posted by jacomo

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Come on now. They’ve won the Petrofac cup and the division one trophy, which for a club founded in 2012 is not to be sniffed at.

Their current list of honours is:

2013: Third Division (League Two)
2014: League One
2016: The Championship and the Petrofac Cup

Actually, didn't they also win the Scottish Cup in 2016 (captained by Andy Halliday), making it a Domestic Treble?