Generic Sevco / Rangers meltdown thread

[Keith_M]

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Why would existing shareholders accept the offer? Their holdings will be halved and there will be no significant increase in the value of the business so they can expect share prices to drop 50%. I don't see Laxey, Ashley or the off-shore investors agreeing to that.

If for some reason the offer was accepted, a lot of the new money will disappear in covering this season's losses, so there's not as much new investment as it sounds at first glance. In addition, wouldn't the new controlling group have to offer to buy all other shares at the same price? That would mean more millions going to faceless institutions rather than into the club.

I think this offer's either designed to be rejected to give King PR as the man who tried to save the club, or it's an initial stance for further negotiations. I can't see it happening as reported.

There's no chance they would agree.

In most cases, it's the money they would lose but there's also 'the battle of the egos' in play here as well. The Easdales, for instance, would go back to having no influence at all in The Rangers and would have to return to their main business... of burning other people's buses.

[Big Frank]

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Archive Editor
BBC North Britain
Benedict Arnold Boulevard
RATVILLE
NB

Sir,

Is it two days or three since you showed the picture of Dave King leaving Glasgow Airport, looking for the nearest toilet?

Jim Treanor
PLAINS

[Bad Martini]

I must predicate my statements by confirming I have no source, I'm not an accountant and I dont have any crystal balls to tell the future.

Stanard post disclaimer out the way, here it be:

1) "the" rangers of first division championship fame and trading for a few years in the lower reaches of Scottish football appear to have continued to pay their players, management and staff salaries not comensurate to their "level" in the pecking order of the footballing world...
2) This means they have taken out more than they are likely to have taken in
3) One cannot magic money from nowhere unless one adopts the Yamathematical model
4) Therefore, they are hopefully royally screwed <<< I picked these words with much due care and attention

...and now I off to converse with the Almighty to improve our chances/only hope of ascension back to the top tier in Scotland, the brucie bonus being the permanent and repeated demise of "the" rangers.

I bid thee, Good Day

ENDOF

[Canongatehibs]

If i could give one i would.
But i dont give a F*** about anything that outfit say, do or anything else.

[WeeRussell]

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If i could give one i would.
But i dont give a F*** about anything that outfit say, do or anything else.

Honestly?

I for one would give a massive f*** if they were to go under again. In fact - I'd maybe give enough of a f*** to go out and celebrate it.

[Keith_M]

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If i could give one i would.
But i dont give a F*** about anything that outfit say, do or anything else.

That's a shame because, among other things, there's a potential 25 point penalty looming if they can't reach an agreement and go into Administration.

Even aside from the fun of watching it, that part could well benefit Hibs.




p.s. You care so little that you took the time to post on here telling us just that

[DaveSo]

No agreement with King and Newco.
What does this mean now ?

http://www.bbc.co.uk/sport/0/football/29731672

[Hibernia&Alba]

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No agreement with King and Newco.
What does this mean now ?

http://www.bbc.co.uk/sport/0/football/29731672

Sounds like there's still the possibility of it happening. Surely administration again is the alternative?

[bingo70]

Fun as it is I'm not sure it's a great thing for Hibs if they were to go into admin again. They've got a better chance of catching hearts than we do and I'd fancy our chances in a 2 leg play off more against hearts than I would the rangers.

Them going to admin would go a fair way to gifting hearts the title imo.

[Keith_M]

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No agreement with King and Newco.
What does this mean now ?

http://www.bbc.co.uk/sport/0/football/29731672

Interesting that it is described as 'a meeting'. Easdale was so interested that they only spoke by phone on the day King left.


Here are the (alleged) details of the conversation:

King: "So, Easdy, how's about ma offer then?"

Easdale "...yir Maw"

...click.

[jacomo]

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No agreement with King and Newco.
What does this mean now ?

http://www.bbc.co.uk/sport/0/football/29731672

I'm not discounting the possibility that Dave King is a fantasist.

Maybe they now need to give Mike Ashley whatever he wants to stave off administration.

Where's Brian Kennedy? Is it time for Mr Quantum to put his 'consortium' back together?

[PatHead]

Must admit I thought King got most of his money back that he had invested in the old club and lost nothing like to £20m reported. Can anyone back me up on this?

I know he wouldn't be a Director but I never ceases to amaze me how convicted fraudsters/tax evaders are allowed to own football clubs.

[Diclonius]

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Fun as it is I'm not sure it's a great thing for Hibs if they were to go into admin again. They've got a better chance of catching hearts than we do and I'd fancy our chances in a 2 leg play off more against hearts than I would the rangers.

Them going to admin would go a fair way to gifting hearts the title imo.

I wouldn't.

[NORTHERNHIBBY]

Looks like the The Rangers have jumped the gun on this one. Apparently he meets all the FTP criteria rather than FFP. Rethink on the cards.

[jacomo]

http://www.bbc.co.uk/sport/0/football/29749325

Seems Mike Ashley has offered emergency loan funds. In return he'll take over day to day running of the club. He's no mug.

Meanwhile, King ask to meet Ashley but didn't even get the courtesy of a reply. There are also certain, ahem, 'compliance' issues to be dealt with. King also complaining that Ashley using his influence as a shareholder to get his own way...

Messy. I think Ashley is going to win this one. He's treating King like a mug.

[bingo70]

Brian Kennedy come in with late offer

[Golden Bear]

Now reportedly interested in putting a large cash injection into the Rangers.

Wasn't this the same guy who was willing to plough funds into Hibs not so long ago?

[Keith_M]

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Now reportedly interested in putting a large cash injection into the Rangers.

Wasn't this the same guy who was willing to plough funds into Hibs not so long ago?

http://www.heraldscotland.com/sport/...plans-1.323287

[Sergey]

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Now reportedly interested in putting a large cash injection into the Rangers.

Wasn't this the same guy who was willing to plough funds into Hibs not so long ago?

SEVCO and Kennedy sound like a perfect match.

I got speaking to a few Stockport County fans a few weeks ago and he's basically eked every last dime out of that club - and moved their ground into personal ownership.

Kennedy is no football fan, that is for sure.

[emerald green]

Sounds like turmoil continues at Greyskull. I think I might have heard on the news at 6 o'clock that a board meeting was currently taking place.

Did I hear correctly that they could be struggling to meet the November payroll?

[bighairyfaeleith]

Yeah they need cash and quick, they will take a loan from Ashley on really bad terms. Happy days :)

[emerald green]

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Yeah they need cash and quick, they will take a loan from Ashley on really bad terms. Happy days :)

So, possibly sinking deeper into the brown stuff? I wonder what the chances of administration are here?

[H18S NX]

Will they ever learn? doubt it,they deserve everything they get,arrogant *****.

[CallumLaidlaw]

According to SSN, even if they take the loan from Ashley, it will only give them enough cash to get them through til April

[bighairyfaeleith]

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According to SSN, even if they take the loan from Ashley, it will only give them enough cash to get them through til April

aye its gid eh 😉

[emerald green]

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According to SSN, even if they take the loan from Ashley, it will only give them enough cash to get them through til April

I'm no expert on all this stuff, but that might just see them through until the end of the season without going into administration. Time will tell.

[Sudds_1]

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I'm no expert on all this stuff, but that might just see them through until the end of the season without going into administration. Time will tell.

The could always get a Wonga loan.......... eh?

[portycabbage]

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The could always get a Wonga loan.......... eh?

There's this barry company called ticketus who I'm sure could advance them a few quid.

[Bostonhibby]

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There's this barry company called ticketus who I'm sure could advance them a few quid.

The way its heading over at greyskull, if Kennedy was to throw in all the chips they can eat that would probably swing the deal - got to be better than discounts on shell suits made in Bangladesh for every The rangers fan from Mike the Geordie Ashley.

[mca]

That Schum are just like the neighbours ... Probably come out in a better position than they were..