Generic Sevco / Rangers meltdown thread

**fat freddy** · 17-01-2014 08:04 AM

Originally Posted by down-the-slope

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Rangers go Mammaries Up....

Reincarnated as The Rangers (Sevco 5088).....

They go mammaries up AGAIN......what will they be called

Govan Amateurs

**ORAC** · 17-01-2014 08:08 AM

Originally Posted by down-the-slope

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Rangers go Mammaries Up....

Reincarnated as The Rangers (Sevco 5088).....

They go mammaries up AGAIN......what will they be called

Third Rangers?

Sent from the Tardis

***LancsHibs*** · 17-01-2014 09:39 AM

Sevco 1690

***Keith_M*** · 17-01-2014 10:34 AM

I just read this article and one interesting part was who they sent into the dressing room to propose the wage cut. One would presume it would be the manager, but McCoist kept well away and they basically shoved Lee McCulloch through the dressing room door then shut it behind him.

I understand Mr McCoist at that point had already 'walked away', at a considerable pace. That man is in his own words piyoorly dispikabul.

***Biggie*** · 17-01-2014 11:37 AM

a £200k bonus to a director for winning the 3rd division FFS....they deserve to go down the tubes this time (oops - I meant again....and for good)

**ScottB** · 17-01-2014 02:06 PM

Reminds me of Hearts wage insanity; I bet you could have gotten most of those guys to sign for half the amount they are on, but big team means big wages in their minds presumably.

Either they were planning on much more income than they've gotten, or Chuckie was trying to run them into the ground.

***jacomo*** · 17-01-2014 04:52 PM

Originally Posted by ballengeich

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I don't think that Whyte, Green and whoever else was involved had considered the possibility that the new Rangers would not be voted into the SPL. When it happened they didn't adjust to it - they may well have believed that the consequences for the rest of the SPL would be so bad that a reorganisation would bring them back to the top tier for this season. Reality's kicking in now.

Except that lots of the player contracts were signed after it was confirmed they were starting again in the 4th tier.

It was a new company and surely they would have renegotiated contracts with all the staff who were moving to the new company - McCoist and the rest.

The way they have burned through cash over the past 18 months is as jaw-dropping as any of the extravagances during Minty's era.

***ginger_rice*** · 17-01-2014 04:58 PM

Originally Posted by jacomoseven

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Except that lots of the player contracts were signed after it was confirmed they were starting again in the 4th tier.

It was a new company and surely they would have renegotiated contracts with all the staff who were moving to the new company - McCoist and the rest.

The way they have burned through cash over the past 18 months is as jaw-dropping as any of the extravagances during Minty's era.

I'd have thought that the staff who stayed would have transferred with TUPE protection? However common sense would have dictated any new signings come in a greatly reduced salaries, but they kept on paying crazy money and now almost (thankfully) back at square one

***jacomo*** · 17-01-2014 05:01 PM

Originally Posted by ginger_rice

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I'd have thought that the staff who stayed would have transferred with TUPE protection? However common sense would have dictated any new signings come in a greatly reduced salaries, but they kept on paying crazy money and now almost (thankfully) back at square one

You're right. I suppose I was thinking more about the senior personnel.

But I guess they all wanted as much cash out of the business as possible.

**Onion** · 17-01-2014 05:55 PM

Huns going into Admin again would make next season in Div 1 interesting.

***Spike Mandela*** · 17-01-2014 06:12 PM

Originally Posted by Onion

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Huns going into Admin again would make next season in Div 1 interesting.

What would their sanctions be? It used to get tougher for a second administration. SPFL would just make it up as they go along I suspect.

***...WentToMowAnSPL*** · 17-01-2014 06:23 PM

Originally Posted by Spike Mandela

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What would their sanctions be? It used to get tougher for a second administration. SPFL would just make it up as they go along I suspect.

What would the perfect catch 22 scenario for secco to admit they are/are not the same club ???

**Springbank** · 17-01-2014 07:43 PM

533814 works where the 4 on a Casio looks like an h

***Jack*** · 17-01-2014 09:08 PM

Originally Posted by Spike Mandela

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What would their sanctions be? It used to get tougher for a second administration. SPFL would just make it up as they go along I suspect.

In normal circumstances its a 25 point deduction however from another forum I understand their current temporary license will be revoked if there is a second insolvency event within 3 years.

***Jonnyboy*** · 17-01-2014 09:26 PM

Anyone see the interview with McMoist on the STV news at six?

Ramon whathisface "do you support the players in their refusal to agrre to a 15% reduction in pay?"

McMoist "yes I support them 100%"

Ramon whathisface "were you consulted about this by the board?"

McMoist "yes I was consulted"

Ramon whathisface "did you agree with the proposal"

A sweating and red faced McMoist "I neither agreed nor disagreed it's not my job as manager"

***johnrebus*** · 17-01-2014 09:30 PM

The whole Rangers thing is now so surreal, I believe it only really exists in a parallel universe.

***PatHead*** · 17-01-2014 09:50 PM

Originally Posted by Jack

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In normal circumstances its a 25 point deduction however from another forum I understand their current temporary license will be revoked if there is a second insolvency event within 3 years.

Stop talking dirty Jack. You are getting me all excited.

**cad** · 17-01-2014 09:54 PM

Originally Posted by johnrebus

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The whole Rangers thing is now so surreal, I believe it only really exists in a parallel universe.

Sure is ,

I was thinking about this Jelvic move to Hull and the 10% add on a tidy 600k by the way 300k goes to the unfortunate debtors which will get some a penny dainty if they`re lucky .,and the other £300k to The Rangers/Newco/Sevco58 surely The Rangers /Newco/ Sevco58 / won't get a penny as it was the old owners who sold him. If the current The Rangers/Newco/Sevco58 can't inherit old company debts then the new company owners can't receive money from an old sale ,or am I missing something ??,I expected the entire £600k to go to the unfortunate ones .

**sadtom** · 22-01-2014 07:02 PM

Noticed a geegee running today called Blueseaofibrox (its amazing what ill will you can wish on a dumb animal [and horses ;-) ] due to fitba.
Anyhoo, it was 20/1 and shared the lead most of the way round and looked like it was in with a squeak. 1/2 a mile from home it faded dramatically and was pulled up (i think). Clearly the ground was too TAXing. (coat already got).

Any excuse to get this thread back on the front page where it belongs. :-)

**Lucius Apuleius** · 23-01-2014 07:36 AM

Sad to say I had an argument in a Prostate Cancer UK volunteers meeting yesterday. Boy says one of the worst days of his life was when all the teams voted to have Ra Gers papped out the premier league and that know. Could not let it go without correcting him. Not a happy bunny was he. :-)

***Spike Mandela*** · 24-01-2014 02:41 PM

David Low (@Heavidor)
24/01/2014 15:31
Another 2.2m teddy shares traded today. Tidy up continues. Expect more bleating from DK types as they lose out again

pic.twitter.com/XpizWxODB1

***Billy Whizz*** · 24-01-2014 06:37 PM

Finance director, Stockdale gone today. They've been trying to empty him for a while though

***Keith_M*** · 24-01-2014 06:55 PM

Spiers in the Herald today said McCoist has agreed to a 40% reduction in his Salary. If that applies to his whole salary, that means he's still on 500k a year.

Still an amazing wage for a third tier Scottish manager.

**The_Todd** · 24-01-2014 06:59 PM

Originally Posted by keekaboo

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Spiers in the Herald today said McCoist has agreed to a 40% reduction in his Salary. If that applies to his whole salary, that means he's still on 500k a year.

Still an amazing wage for a third tier Scottish manager.

It's a mental wage for any football manager let alone a third tier Scottish one. I honestly don't understand what Newco we're thinking of paying him that much, I doubt he even would have asked for that.

***Eyrie*** · 24-01-2014 08:26 PM

Originally Posted by The Governor

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It's a mental wage for any football manager let alone a third tier Scottish one. I honestly don't understand what Newco we're thinking of paying him that much, I doubt he even would have asked for that.

Sevco Huns simply took over McCoist's existing contract when Huns RIP were liquidated, and did similarly with a number of the players. It was a triumph of arrogance over financial reality that now has them running out of money within two years of being founded.

***Jonnyboy*** · 24-01-2014 08:31 PM

Originally Posted by keekaboo

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Spiers in the Herald today said McCoist has agreed to a 40% reduction in his Salary. If that applies to his whole salary, that means he's still on 500k a year.

Still an amazing wage for a third tier Scottish manager.

Aye but ye cannae expect any manager on that kinda dosh to be happy in anything less than a 5 star hotel

***Hibs Class*** · 24-01-2014 08:41 PM

Originally Posted by keekaboo

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Spiers in the Herald today said McCoist has agreed to a 40% reduction in his Salary. If that applies to his whole salary, that means he's still on 500k a year.

Still an amazing wage for a third tier Scottish manager.

TBH, given that fat boy's IQ is lower than his shirt number you cannot blame him for hoovering up cash at whatever rate the deluded, incompetent board allow him to do so. And if he accelerates newco's financial demise through his greed then so much the better.

**SurferRosa** · 24-01-2014 08:54 PM

Sally in the papers the day still harping on about Dave King and hoping that this crook would pile his cash into them when they get back to the top flight. Shows they continue to learn nothing. Good.