Generic Sevco / Rangers meltdown thread

[Keith_M]

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Grant Russell ‏@STVGrant 3m Imran Ahmad has, for the second time, lost his case to have £620,000 arrested from Rangers ahead of his case alleging unpaid bonuses

Shame.

[Leithenhibby]

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Grant Russell ‏@STVGrant 3m Imran Ahmad has, for the second time, lost his case to have £620,000 arrested from Rangers ahead of his case alleging unpaid bonuses

He's got to appeal that, Shirley ;-)

[Eyrie]

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Union of Fan(nie)s to go ahead with threat to withhold Season Ticket money. They claim only 2,000 Season Tickets have been bought so far.

I'd say that 2000 season ticket sales so far is good going for a club in the second tier.

[southsider]

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I'd say that 2000 season ticket sales so far is good going for a club in the second tier.

Not when they expect to sell 40 k and are nearly broke. How is Mr Wallace and Mr Khan going to get their well deserved bonus's if the fans do not buy ST's. The new comedy saga and THIS one could bring a few laughs.

[jacomo]

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I'd say that 2000 season ticket sales so far is good going for a club in the second tier.

Dave King declares war. He's trying to force Der Hun into admin. They are not going to sign away security on their own stadium like this and he knows it.

[Eyrie]

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Not when they expect to sell 40 k and are nearly broke. How is Mr Wallace and Mr Khan going to get their well deserved bonus's if the fans do not buy ST's. The new comedy saga and THIS one could bring a few laughs.

Woooosh ...

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Dave King declares war. He's trying to force Der Hun into admin. They are not going to sign away security on their own stadium like this and he knows it.

It'll give us something to smile about this summer.

[Just Alf]

Phil MacGiollaBhain ‏@Pmacgiollabhain 6m
Major decision time looming for Sevco.
Big meeting planned for later this week on whether or not to utilise the shareholder option.



looks like it's getting interesting again....

[Keith_M]

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Phil MacGiollaBhain ‏@Pmacgiollabhain 6m
Major decision time looming for Sevco.
Big meeting planned for later this week on whether or not to utilise the shareholder option.



looks like it's getting interesting again....

What's the 'shareholder option'?

[Spike Mandela]

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What's the 'shareholder option'?

Something to do with current shareholders buying up a further £43m pounds of shares to offset low season ticket sales.

I'm sure a .net financial whizz kid will be along shortly to explain.

[Weststandwanab]

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Something to do with current shareholders buying up a further £43m pounds of shares to offset low season ticket sales.

I'm sure a .net financial whizz kid will be along shortly to explain.

It sounds like a Rights Issue.

Basically all existing shareholders buy more shares in the same ratio as they already hold.

[Jack Hackett]

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It sounds like a Rights Issue.

Basically all existing shareholders buy more shares in the same ratio as they already hold.

....otherwise known as throwing good money after bad

[Keith_M]

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Something to do with current shareholders buying up a further £43m pounds of shares to offset low season ticket sales.

I'm sure a .net financial whizz kid will be along shortly to explain.

Thanks.

I do remember some discussion previously about giving existing shareholders the opportunity to buy a new batch of shares at way below market price, possibly 1p per share. That would be an awful amount of shares to release.

[Weststandwanab]

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....otherwise known as throwing good money after bad

You may well be correct.

If they go down that road when you see how many existing shareholders take up the option then you will assess how good after the bad it really is.

[Spike Mandela]

Another fun summer in store.............

http://www.philmacgiollabhain.ie/sha...on-authorised/

[Hibs07p]

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Another fun summer in store.............

http://www.philmacgiollabhain.ie/sha...on-authorised/

Could be good news for the poppy thieves, if they come out of admin. in time.

GGTTH

[Keith_M]

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Another fun summer in store.............

http://www.philmacgiollabhain.ie/sha...on-authorised/

Funnily enough, the MSM know about this but have failed to report it.

[The Pointer]

We've had enough of our own grief to worry about, but what news from the Rialto? The MSM have been strangely quiet on this for a couple of weeks with even The Herald's Richard Wilson not breaking wind.

[Green Reaper]

That article says the £43 million raised would cover 4 months running costs! How the hell are they needing £11 million a month to run a first div club...crazy... Serves them right if they go under again and I hope they do as I despise them as a club

[Ozyhibby]

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That article says the £43 million raised would cover 4 months running costs! How the hell are they needing £11 million a month to run a first div club...crazy... Serves them right if they go under again and I hope they do as I despise them as a club

The article does not say the shares will be a pound each. No way they could raise £43m in a share issue. They would be doing well to raise £5m.

[Green Reaper]

Duh! I should read things more carefully before commenting........ Still despise them though!

[Keith_M]

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That article says the £43 million raised would cover 4 months running costs! How the hell are they needing £11 million a month to run a first div club...crazy... Serves them right if they go under again and I hope they do as I despise them as a club

Leaving aside your arithmetic ;-)...

.. what article were you referring to? Do you have a link?

[Green Reaper]

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Leaving aside your arithmetic ;-)...

.. what article were you referring to? Do you have a link?

As posted above by Spike:

http://www.philmacgiollabhain.ie/share-option-authorised/

[Keith_M]

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As posted above by Spike:

http://www.philmacgiollabhain.ie/sha...on-authorised/

Thanks.

[Spike Mandela]

Establishment corrupt to the core imo.......

http://www.bbc.co.uk/news/uk-scotlan...-west-28231598

[SteveHFC]

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Establishment corrupt to the core imo.......

http://www.bbc.co.uk/news/uk-scotlan...-west-28231598

They should be removed from the Championship and they should give us a bye in the diddy cup

[hibs0666]

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They should be removed from the Championship and they should give us a bye in the diddy cup

Time for Hibs to contact the porn-star tax advisor and investigate the use of this tax avoidance scheme.

[AndyM_1875]

Cant say i give a toss about Rangers or David Murray but am annoyed at how much public money HMRC have frittered away chasing this phantom debt.

But It really is time to move on.

[Spike Mandela]

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Cant say i give a toss about Rangers or David Murray but am annoyed at how much public money HMRC have frittered away chasing this phantom debt.

But It really is time to move on.

That's exactly what the establishment want. Everything swept under the carpet, lots of wealthy individuals protected and made richer. Nice few 'loans' that will never be paid back, several titles won with money they avoided paying to the public purse.Job Done!

No doubt all the missing EBT documentation in the same shredder as the 114 missing files relating to paedophilia scandal at Westminster.

The UK establishment really takes us for a bunch of mugs.

[Lewis77]

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That's exactly what the establishment want. Everything swept under the carpet, lots of wealthy individuals protected and made richer. Nice few 'loans' that will never be paid back, several titles won with money they avoided paying to the public purse.Job Done!

No doubt all the missing EBT documentation in the same shredder as the 114 missing files relating to paedophilia scandal at Westminster.

The UK establishment really takes us for a bunch of mugs.

Yet we all take it

[CropleyWasGod]

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Cant say i give a toss about Rangers or David Murray but am annoyed at how much public money HMRC have frittered away chasing this phantom debt.

But It really is time to move on.

HMRC were never chasing the debt. Even if they had won this case, they would have got very little.

It was always about establishing a precedent to enable them to pursue other clubs who operated the same schemes and who do have money.