Generic Sevco / Rangers meltdown thread

[Ronniekirk]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12299859.html
Still time to appoint nomad. But is it beginning to look like delisting is the plan and if so does this bring advantages for the new board to be more flexible and less accountable going forward ?

[CB_NO3]

Rangers release interim results



So the club has neither a NOMAD or an auditor.
So what is their debt figure? Or do they not have to announce that till they announce a full years accounts? Pretty sure they ran at a 6 million pound loss last year. Then there is all these extra loans they have had.

[Spike Mandela]

Still time to appoint nomad. But is it beginning to look like delisting is the plan and if so does this bring advantages for the new board to be more flexible and less accountable going forward ?

In the much publicised new era of transparency it was loudly trumpeted that they had a Nomad lined up though???

The glib and shameless liar wouldn't start the new future with a, errrrm, a lie would he?

[Ronniekirk]

In the much publicised new era of transparency it was loudly trumpeted that they had a Nomad lined up though???

The glib and shameless liar wouldn't start the new future with a, errrrm, a lie would he?
The word Subterfuge springs to mind

[CropleyWasGod]

Still time to appoint nomad. But is it beginning to look like delisting is the plan and if so does this bring advantages for the new board to be more flexible and less accountable going forward ?

They are still accountable to their shareholders, of whom MASH is a major one.

[Bostonhibby]

In the much publicised new era of transparency it was loudly trumpeted that they had a Nomad lined up though???

The glib and shameless liar wouldn't start the new future with a, errrrm, a lie would he?

It's great isn't it? Because he's not Mike Ashley he can tell them anything and they will swallow it, especially when King is currently a demi god with the daily ****** as well. The difference with King is he is openly not doing what he said he'd do and he's got to that point much quicker than his predecessors.

Craig whyte was apparently a billionaire the rangers man and cheeky Charlie was the messiah for a while :faf: they all did what they liked because the huns swallow the "the rangers men" propaganda every time.

Anyone see a pattern emerging?

[fat freddy]

I've just heard on the radio that Newcastle are to receive half a million quid if Sevco are promoted. I've read that Mike Ashley is a brilliant businessman and is constantly thinking up new methods of generating cash for his various companies... But this is the work of a genius!! Give Sevco 5 crocks, make them pay a share of their wages despite most of them being very unlikely to kick a ball for them, and then pick up a cool half million in the event of a promotion in which only one of the players would have contributed to...Easy Money....Why didn't Wigan insert a similar clause when we borrowed Fraser Fyvie?

[stokesmessiah]

I've just heard on the radio that Newcastle are to receive half a million quid if Sevco are promoted. I've read that Mike Ashley is a brilliant businessman and is constantly thinking up new methods of generating cash for his various companies... But this is the work of a genius!! Give Sevco 5 crocks, make them pay a share of their wages despite most of them being very unlikely to kick a ball for them, and then pick up a cool half million in the event of a promotion in which only one of the players would have contributed to...Easy Money....Why didn't Wigan insert a similar clause when we borrowed Fraser Fyvie?

Because we didn't borrow him? :confused:

[fat freddy]

Because we didn't borrow him? :confused:

My mistake, I thought we had him on loan.

[Deansy]

'the club would look to exisiting and new investors to secure funding that would sustain the club in the medium and long-term' - MONEY - the ONLY way they know how to 'compete'!! Long forgotten (was it ever known ??) is the actual FOOTBALL side of things !!

[Sylar]

I've just heard on the radio that Newcastle are to receive half a million quid if Sevco are promoted. I've read that Mike Ashley is a brilliant businessman and is constantly thinking up new methods of generating cash for his various companies... But this is the work of a genius!! Give Sevco 5 crocks, make them pay a share of their wages despite most of them being very unlikely to kick a ball for them, and then pick up a cool half million in the event of a promotion in which only one of the players would have contributed to...Easy Money....Why didn't Wigan insert a similar clause when we borrowed Fraser Fyvie?

Whilst I've no love for their club as a whole, if our club had been obliterated by a succession of crooks and charlatans to the extent that The Rangers have, we'd rightfully be pissed off.

That they have to pay Newcastle £500k upon promotion seems absolutely ludicrous - if this is a condition of the loan players arriving in Glasgow, surely there's some form of caveat in there that suggests they had to actually contribute to their promotion?

If not, you'd have to question why - did the previous members of The Rangers' board not read the agreement when it was put before them or did Mike Ashley/Derek Llambias really have that much control?

[Moulin Yarns]

The hootsman is reporting they are targeting being back at the top of Scottish and European football by 2022.

I'll give them until 20:24 to revise that target :wink:

[Spike Mandela]

Whilst I've no love for their club as a whole, if our club had been obliterated by a succession of crooks and charlatans to the extent that The Rangers have, we'd rightfully be pissed off.

That they have to pay Newcastle £500k upon promotion seems absolutely ludicrous - if this is a condition of the loan players arriving in Glasgow, surely there's some form of caveat in there that suggests they had to actually contribute to their promotion?

If not, you'd have to question why - did the previous members of The Rangers' board not read the agreement when it was put before them or did Mike Ashley/Derek Llambias really have that much control?

They didn't have a pot to piss in. They needed new players on the cheap. Ashley provided them. The boards calculation was "better than nothing" and pay for them when promoted.

Rangers then, now and forever.....paying on the never never.

[Jack Hackett]

They didn't have a pot to piss in. They needed new players on the cheap. Ashley provided them. The boards calculation was "better than nothing" and pay for them when promoted.

Rangers then, now and forever.....paying on the never ever.

Fixed that for you :wink:

[ancient hibee]

Unless the South African Tax Evading Goldilocks comes up with some dosh soon I predict that the Three Bears will get shot of him.

[Michael]

The hootsman is reporting they are targeting being back at the top of Scottish and European football by 2022.

I'll give them until 20:24 to revise that target :wink:

Pretty sure that's the year England will be winning the world cup IIRC.

[cabbageandribs1875]

http://www.bbc.co.uk/sport/0/football/32127566

as already posted above

Should Rangers gain promotion to the Premiership this season, they must pay Newcastle United £500,000.

Rangers made losses after tax of £2.89m for the six-month period to 31 December 2014 - accounts interim chairman Paul Murray describes as "disappointing".


giggle giggle

[KeithTheHibby]

http://www.bbc.co.uk/sport/0/football/32127566

as already posted above

Should Rangers gain promotion to the Premiership this season, they must pay Newcastle United £500,000.

Rangers made losses after tax of £2.89m for the six-month period to 31 December 2014 - accounts interim chairman Paul Murray describes as "disappointing".


giggle giggle



Not forgetting the fact that they were paid 1.3m for allowing the commonwealth games and Scotland v Georgia game to be played at Hunbrox otherwise the loss would have been much worse.

I can't see the six months to June reporting anyhing other than at least a 3m loss again.

[CropleyWasGod]

I am hearing that they are about to appoint a NOMAD. Lex Gold Associates, apparently.

Paul Murray "we are looking forward to moving on from the days of Green and Whyte. Gold will be a major part of that".

[Ronniekirk]

I am hearing that they are about to appoint a NOMAD. Lex Gold Associates, apparently.

Paul Murray "we are looking forward to moving on from the days of Green and Whyte. Gold will be a major part of that".
:top marks:wink:

[greenginger]

I am hearing that they are about to appoint a NOMAD. Lex Gold Associates, apparently.

Paul Murray "we are looking forward to moving on from the days of Green and Whyte. Gold will be a major part of that".

On a similar theme, I wonder if new the Sevco director will use his full name as per previous Companies House listings.

It is .............. Douglas Ireland Park ! :greengrin

[Bostonhibby]

On a similar theme, I wonder if new the Sevco director will use his full name as per previous Companies House listings.

It is .............. Douglas Ireland Park ! :greengrin

I am sure there will be a silent Northern in there somewhere. Or he could have it added by deed poll

You really couldn't make their directorial soap opera much funnier if they gave it over to Billy Connolly to write.

the rangers, the club that keeps on giving.

[Ozyhibby]

I am hearing that they are about to appoint a NOMAD. Lex Gold Associates, apparently.

Paul Murray "we are looking forward to moving on from the days of Green and Whyte. Gold will be a major part of that".

Question for an accountant.
If Rangers retail is now mostly owned by Mike Ashley (75% ?), how come it appears in Sevco's accounts?
Surely it should be in sports directs accounts?

[Jim44]

http://www.bbc.co.uk/sport/0/football/32127566

as already posted above

Should Rangers gain promotion to the Premiership this season, they must pay Newcastle United £500,000.

Rangers made losses after tax of £2.89m for the six-month period to 31 December 2014 - accounts interim chairman Paul Murray describes as "disappointing".


giggle giggle

Sure, it's a bit of a giggle and amusing reading just now, but the downside is that if the payment to Newcastle has to be made, it means that we are stuck in the Championship for at least another year.

[jdships]

I am hearing that they are about to appoint a NOMAD. Lex Gold Associates, apparently.

Paul Murray "we are looking forward to moving on from the days of Green and Whyte. Gold will be a major part of that".

Is that the same LG that was involved with Hibs a few years ago ?

[scoopyboy]

Is that the same LG that was involved with Hibs a few years ago ?

I think the date has got you.

Green, Whyte and Gold!!!!!!!!!!!:cb

[Moulin Yarns]

They are still accountable to their shareholders, of whom MASH is a major one.

Dual interests anyone?

http://www.bbc.co.uk/sport/0/football/32149635

[CropleyWasGod]

Question for an accountant.
If Rangers retail is now mostly owned by Mike Ashley (75% ?), how come it appears in Sevco's accounts?
Surely it should be in sports directs accounts?

The results of the company will be reflected in each of Sevco and MASH's group accounts, to the extent to which those companies own Rangers Retail.

I'm not sure of the %'s, but if you're right, 75% of profits will be accounted for in MASH, and 25% in RFC (or the plc, whichever one it is that owns RR).

[CentreLine]

So let's try to get this right?

Are we predicting:
That The Rangers International Football Club will not appoint a NOMAD and allow themselves to be delisted?
They will limp on to the end of the season hoping to be promoted through the play-offs?
Following that they will go in to administration allowing themselves to shed a whole lot more debt and most of the wage thieves but of course having to buy off MASH because he has security?
Then refinance through a share offer and spend more money?
Take the hit of a 25 point deduction in the top league and expect to remain clear of second bottom by more than 25 points?

Is that about right and would they need to do the administration thing before the season ticket money comes in?

All very complex as some might say :dunno:

[Bostonhibby]

So let's try to get this right?

Are we predicting:
That The Rangers International Football Club will not appoint a NOMAD and allow themselves to be delisted?
They will limp on to the end of the season hoping to be promoted through the play-offs?
Following that they will go in to administration allowing themselves to shed a whole lot more debt and most of the wage thieves but of course having to buy off MASH because he has security?
Then refinance through a share offer and spend more money?
Take the hit of a 25 point deduction in the top league and expect to remain clear of second bottom by more than 25 points?

Is that about right and would they need to do the administration thing before the season ticket money comes in?

All very complex as some might say :dunno:

:confused: Sure I read somewhere that dodgy dave has got more money that the Sultan of Brunei and they will be drowning in cash as soon as he gets to the cash line machine, its just that he has forgotten his pin number and he can only get out £250 a day otherwise their problems would be over.

Not taken long for them to go back on the nomad promise and still zero new money from him.

They know how to pick a "billionaire / multi millionaire" do the new boys, they really should stop basing their business plans on the daily ****** headlines.

I actually think any combinations of what you outline are possible over on the planet of the apes.

[Keith_M]

Anybody know when the NOMAD/De-listing deadline is?

I had it in my head it was today but not a thing in the MSM.

[CropleyWasGod]

Anybody know when the NOMAD/De-listing deadline is?

I had it in my head it was today but not a thing in the MSM.

Pretty sure they had 28 days from the resignation of the previous guys. Is that today?

[McSwanky]

Pretty sure they had 28 days from the resignation of the previous guys. Is that today?

Says a month from the 4th March here:

http://www.independent.co.uk/news/business/news/rangers-shares-suspended-on-aim-after-nominated-adviser-wh-ireland-quits-10085841.html

[DJ HIBBY]

Anybody know when the NOMAD/De-listing deadline is?

I had it in my head it was today but not a thing in the MSM.


It is definitely today mate. Would imagine it would be close of play today, so few hours left.

What happens to all the shares if the company is delisted? Does that mean all those who bought shares have lost their money?

[CropleyWasGod]

It is definitely today mate. Would imagine it would be close of play today, so few hours left.

What happens to all the shares if the company is delisted? Does that mean all those who bought shares have lost their money?

Not at all.

They still own the shares. It means, however, that they can't trade them on the open market as freely as they could before.

For some, that's not an issue. For those who are holding them as an investment, it probably is.... less marketability generally means less value. (however, given that the shares were worth as much as a roll of Andrex anyway....... :greengrin)

[Keith_M]

It is definitely today mate. Would imagine it would be close of play today, so few hours left.

What happens to all the shares if the company is delisted? Does that mean all those who bought shares have lost their money?


Cheers :aok:



So only a few hours left to prove wrong all us cynics that 'Dodgy Dave' isn't actually as bad as all the rest of them after all.



What was the wording again? A glib and shameless liar?

[Bostonhibby]

Cheers :aok:



So only a few hours left to prove wrong all us cynics that 'Dodgy Dave' isn't actually as bad as all the rest of them after all.



What was the wording again? A glib and shameless liar?
It was but that was only a senior south African judges view. Over here he is a the rangers man, like his recent predecessors so all above board then[emoji6]

[PatHead]

It was but that was only a senior south African judges view. Over here he is a the rangers man, like his recent predecessors so all above board then[emoji6]

Like it!

[Hermit Crab]

Cheers :aok:



So only a few hours left to prove wrong all us cynics that 'Dodgy Dave' isn't actually as bad as all the rest of them after all.



What was the wording again? A glib and shameless liar?

It will be last minute they appoint something.

[Spike Mandela]

Grant Russell (@STVGrant)
02/04/2015 14:01
Rangers announce they have been unable to find a new Nomad and will delist from the Alternative Investment Market.

[brog]

Grant Russell (@STVGrant)
02/04/2015 14:01
Rangers announce they have been unable to find a new Nomad and will delist from the Alternative Investment Market.

All over Sky Sports also. Delisted on Tuesday, Good Friday would have been more appropriate!

[bingo70]

Grant Russell (@STVGrant)
02/04/2015 14:01
Rangers announce they have been unable to find a new Nomad and will delist from the Alternative Investment Market.

Why wouldn't they have been able to find a nomad and what are the consequences?

[CropleyWasGod]

Doesn't seem as if they want to go private.

http://sport.stv.tv/football/315947-rangers-delisted-from-stock-exchange-after-failing-to-find-new-adviser/

Liked this bit:-

. this resulted in AIM receiving more complaints about the company than any other company on its exchange over the last year.

:greengrin

[CropleyWasGod]

Why wouldn't they have been able to find a nomad and what are the consequences?

Read that link I just posted. Their statement is quite comprehensive.

Basically, though, it was all the old board's fault.....

[Keith_M]

Grant Russell (@STVGrant)
02/04/2015 14:01
Rangers announce they have been unable to find a new Nomad and will delist from the Alternative Investment Market.



:faf:


We'd never have guessed it.



Dodgy Dave, the Glib and Shameless Liar strikes again!

[Bostonhibby]

Read that link I just posted. Their statement is quite comprehensive.

Basically, though, it was all the old board's fault.....

A big boy done it, then ran away, like before.

Unless there was plenty fee, prestige and huge heaps of professional liability cover available I couldn't see a Nomad wanting the gig - not a good one anyway.

Can you imagine having to advise them what they're doing might not be a good idea / legal/compliant :crazy:
It's not in their psyche - blaming everyone else is, presumably it was the same big boy that told dave to tell the hordes he'd get a nomad.

Tick tock by the look of it. At least until dave flashes the cash we keep hearing about.

[Bostonhibby]

Doesn't seem as if they want to go private.

http://sport.stv.tv/football/315947-rangers-delisted-from-stock-exchange-after-failing-to-find-new-adviser/

Liked this bit:-

. this resulted in AIM receiving more complaints about the company than any other company on its exchange over the last year.

:greengrin

Does this mean the new club can whack another big star on their shirts? some achievement. Ashley would probably have to agree to the design being altered though:wink:

[PatHead]

So the first promise of the glib and shameless liar is not fulfilled. (Not to mention the funds not being available that were promised.)

[CentreLine]

So the first promise of the glib and shameless liar is not fulfilled. (Not to mention the funds not being available that were promised.)

Yes but the first plank is in place for avoiding debt and punishment if they do the admin thing again :cb

[Keith_M]

For the avoidance of any doubt in regard to did he/disn't he actually say it........

"I've ensured there is another nomad willing to come in but the club has
to appoint them. That process can only happen after the general
meeting."

Dave King (http://www.bbc.com/sport/0/football/31754254)

"Where's your money Mr King, who is your Nomad?"

Derek Lambias (from the same article)




Well we have the answer to the second question..................

[BroxburnHibee]

Does it make much difference?

[PatHead]

Does it make much difference?

Makes it more difficult to attract investors to the club as the shares are not easy to buy and sell. It also highlights that The Glib and Shameless one has not fulfilled any of the promises he made prior to the takeover.

[CropleyWasGod]

Does it make much difference?
Not a lot, TBH.

In theory, it makes it more difficult and expensive to raise cash. But they were struggling to raise cash anyway; IMO, they were always going to come back to a share issue backed by the owners

That STV article says a lot of sensible things. The costs of regulation, for example, can be saved if they delist completely.

It should also be said that they are looking at listing on alternative markets, which might be more appropriate for them. They mentioned the one that Arsenal are on.

[Deansy]

Doesn't seem as if they want to go private.

http://sport.stv.tv/football/315947-rangers-delisted-from-stock-exchange-after-failing-to-find-new-adviser/

Liked this bit:-

. this resulted in AIM receiving more complaints about the company than any other company on its exchange over the last year.

:greengrin

What would these 'complaints' consist of - financial-performance, individuals on the board, actual matters on he pitch ?. I've never heard of companies' being complained about to the markets and what action can be taken if the complaints are valid ?

[CropleyWasGod]

What would these 'complaints' consist of - financial-performance, individuals on the board, actual matters on he pitch ?. I've never heard of companies' being complained about to the markets and what action can be taken if the complaints are valid ?
It will be Tic fans at it, for the most part.

[tamig]

Read that link I just posted. Their statement is quite comprehensive.

Basically, though, it was all the old board's fault.....

Just catching up on this. I thought DK announced in the wake of the takeover that he had a new Nomad lined up. What happened there then?

[PatHead]

What would these 'complaints' consist of - financial-performance, individuals on the board, actual matters on he pitch ?. I've never heard of companies' being complained about to the markets and what action can be taken if the complaints are valid ?

Wonder how many of the complaints were made by King and the current board against the old board. Bet you a high percentage.

[PatHead]

Just catching up on this. I thought DK announced in the wake of the takeover that he had a new Nomad lined up. What happened there then?

He lied?

[Phil D. Rolls]

How will this play out with the SFA? Is it the excuse they need to bury their head in the sand?

[Bostonhibby]

How will this play out with the SFA? Is it the excuse they need to bury their head in the sand?

If every nomad in the UK came out and said they were too hot to handle and dave's 46 minor indiscretions with the south African courts meant that no one would be prepared to be their adviser the SFA would still manufacture him through their fit and protestant person test.

[CropleyWasGod]

Just catching up on this. I thought DK announced in the wake of the takeover that he had a new Nomad lined up. What happened there then?
I reckon he had someone in mind, but no more.

Once they had a look at things, they probably bolted.

[fat freddy]

Jack Irvine, spokesman for The Easdales, saying that they are considering legal action against Rangers as the delisting will affect the value of their shareholding.

[CropleyWasGod]

Jack Irvine, spokesman for The Easdales, saying that they are considering legal action against Rangers as the delisting will affect the value of their shareholding.
Pretty pathetic IMO.

But hey. ....it all adds to the costs :)

[Weststandwanab]

Pretty pathetic IMO.

But hey. ....it all adds to the costs :)

Did you really expect anything less ?

[fat freddy]

Pretty pathetic IMO.

But hey. ....it all adds to the costs :)

Old New Rangers board to sue New Old Rangers board...there's a headline in there somewhere for tomorrow's papers... More likely it will be dressed up as Bitter Vanquished board seek to destroy Glorious Saviours

[Mr White]

Is king possibly trying to squeeze the other major shareholders like the easedales and mash by making it harder to trade the shares.... waiting a while and then offering below value to buy them out?

[tamig]

I reckon he had someone in mind, but no more.

Once they had a look at things, they probably bolted.

Had Sportsound on on way home. That was their consensus. His chosen Nomad did their due diligence and decided to decline his offer.

[CropleyWasGod]

Is king possibly trying to squeeze the other major shareholders like the easedales and mash by making it harder to trade the shares.... waiting a while and then offering below value to buy them out?

It's possible, but might be a bit daft.

He'd be better served by putting his money into new shares, rather than existing ones.

[Mr White]

It's possible, but might be a bit daft.

He'd be better served by putting his money into new shares, rather than existing ones.

He'd be glad to be rid of anyone who has had or would hope to have some power at ibrox though no? I'm assuming he's ego driven and power hungry in the traditional rangers manner.

[ancient hibee]

He doesn't have to get rid of anyone he does need to put money in-no sign of that yet.

[CropleyWasGod]

He'd be glad to be rid of anyone who has had or would hope to have some power at ibrox though no? I'm assuming he's ego driven and power hungry in the traditional rangers manner.

Yeah, of course. It's about ego rather than money.

Alternatively, he might prefer Ashley et al to sell their shares off to other, smaller, investors who are less of a threat.

[PatHead]

Had Sportsound on on way home. That was their consensus. His chosen Nomad did their due diligence and decided to decline his offer.

Find all the time when looking at commercial borrowing that once you look "under the bonnet" it bears no relation to what was described.

The thing is that any Nomad worth his salt should have known there were likely to be problems when it was widely known of the problems in the press and marketplace. I simply don't believe King had a Nomad lined up. He had likely looked into getting one and discussed it with one or two but not got one lined up. A case of being seen to go through the motions and given the opportunity to blame everyone else I doubt he is bothered in the slightest about changing indexes.

He could be described as disingenuous at best.

[Hibernia&Alba]

Find all the time when looking at commercial borrowing that once you look "under the bonnet" it bears no relation to what was described.

The thing is that any Nomad worth his salt should have known there were likely to be problems when it was widely known of the problems in the press and marketplace. I simply don't believe King had a Nomad lined up. He had likely looked into getting one and discussed it with one or two but not got one lined up. A case of being seen to go through the motions and given the opportunity to blame everyone else I doubt he is bothered in the slightest about changing indexes.

He could be described as disingenuous at best.


Or as another scoundrel James Hunt of a Hun at worst, or rather in truth.

[tamig]

Or as another scoundrel James Hunt of a Hun at worst, or rather in truth.

Indeed! :-)

[DaveSo]

Has anyone twigged that at the December AGM in the gazebo there was a resolution to reappoint Deloitte as Auditors (http://www.rangers.co.uk/news/headlines/item/8273-result-of-agm) but they had already told the old Board in November that they were quitting. Why was this resolution allowed to be part of the AGM when it was clearly never going to happen in reality.
They really are taking the shareholders for mugs over there.

[CropleyWasGod]

Has anyone twigged that at the December AGM in the gazebo there was a resolution to reappoint Deloitte as Auditors (http://www.rangers.co.uk/news/headlines/item/8273-result-of-agm) but they had already told the old Board in November that they were quitting. Why was this resolution allowed to be part of the AGM when it was clearly never going to happen in reality.
They really are taking the shareholders for mugs over there.

Good spot, I hadn't realised that.

Being pedantic, they were entitled to put forward a resolution to re-appoint Deloittes (emphasis on "re"). Equally so, Deloittes would have been entitled to decline the appointment.

However, in the interests of transparency......... :rolleyes:

[grunt]

From the Telegraph

http://www.telegraph.co.uk/sport/football/teams/rangers/11512798/Rangers-news-Dave-King-faces-uncertain-future-as-Ibrox-club-shares-are-delisted-from-stock-market.html


In the meantime, it is understood that Rangers will require another loan – following the £1.5 million lent by King’s allies, the Three Bears consortium – in order to meet running costs until the end of next month. Telegraph Sport understands, however, that the Ibrox board is relaxed about this and had anticipated the need for bridging funds before they gained control.

[CropleyWasGod]

From the Telegraph

http://www.telegraph.co.uk/sport/football/teams/rangers/11512798/Rangers-news-Dave-King-faces-uncertain-future-as-Ibrox-club-shares-are-delisted-from-stock-market.html

Bridging to what, though? :greengrin

[Cropley10]

Bridging to what, though? :greengrin

Bridging to the next loan. They can only meet their obligations by borrowing money. This is how all big clumpanies operate.

[Keith_M]

Bridging to what, though? :greengrin


Depends when the Season Tickets go on sale.


Don't be surprised if it turns out that is the Big Investment they've been talking about.

[CropleyWasGod]

Depends when the Season Tickets go on sale.


Don't be surprised if it turns out that is the Big Investment they've been talking about.
You don't mean? Wait? Surely not?

They're going to rely on ST income for their budget?

It'll never catch on. ....

[greenginger]

Season ticket money coming in, most of the duds on crazy money due to leave and replaceable with players on affordable contracts, new management team again at reasonable rates to be appointed.

So what is under the bonnet that is so toxic ? Has anyone asked ? or is the Glib a shameless one pulling a fast one.

[Ozyhibby]

http://tapatalk.imageshack.com/v2/15/04/03/4f48ea0966c3b1381995d446f6e2049b.jpg

Says here that Sports direct can buy all of rangers retail

[ano hibby]

http://tapatalk.imageshack.com/v2/15/04/03/4f48ea0966c3b1381995d446f6e2049b.jpg

Says here that Sports direct can buy all of rangers retail

At a ridiculously low valuation!

[Ozyhibby]

At a ridiculously low valuation!

Great, eh. [emoji2]

[bighairyfaeleith]

Great, eh. [emoji2]

Fantastic:greengrin

[Bostonhibby]

http://tapatalk.imageshack.com/v2/15/04/03/4f48ea0966c3b1381995d446f6e2049b.jpg

Says here that Sports direct can buy all of rangers retail

So if the village idiots boycott buying the strips etc Ashley gets to own the whole shooting match and do what he likes with it for even less money? :greengrin

[Ozyhibby]

So if the village idiots boycott buying the strips etc Ashley gets to own the whole shooting match and do what he likes with it for even less money? :greengrin

Seems to be. [emoji1]
The person who tweeted that also seems to think they should not be including Rangers retail in their turnover figures.

[Deansy]

http://tapatalk.imageshack.com/v2/15/04/03/4f48ea0966c3b1381995d446f6e2049b.jpg

Says here that Sports direct can buy all of rangers retail

That Phil MacGhiollabhain has tweeted 'Ashley will move next week - things gonna get legal I suspect'

https://mobile.twitter.com/Pmacgiollabhain/status/583981550351548416

No idea what his track-record's like but even if it's not, I didn't think someone like MA would stay quiet for too long. As others have said, it's all about ego's now.

Well, ego's and the knowledge there's still lots of money to be made out of, surely, World Football's most 'IQ-challenged' support !!

[Hibernia&Alba]

http://www1.skysports.com/football/news/11788/9794252/dave-king-given-green-light-to-become-rangers-director-by-court-of-session


(http://www1.skysports.com/football/news/11788/9794252/dave-king-given-green-light-to-become-rangers-director-by-court-of-session)Dave King (Billy) allowed to become a director of Hunco

[Ronniekirk]

http://www1.skysports.com/football/news/11788/9794252/dave-king-given-green-light-to-become-rangers-director-by-court-of-session


(http://www1.skysports.com/football/news/11788/9794252/dave-king-given-green-light-to-become-rangers-director-by-court-of-session)Dave King (Billy) allowed to become a director of Hunco

No great surprise there given he was talking with the powers that be months ago so he must of been confident enough He will soon be the new Moral Compass leading Scottish Football out the mess it's got itself into without The Rangers being in the big league all these years. :confused:

[grunt]

Looks to me as though the hot potato just got passed to the SFA.

[cabbageandribs1875]

Looks to me as though the hot potato just got passed to the SFA.



i can hear a huge sense of relief at SFA HQ

[Eyrie]

i can hear a huge sense of relief at SFA HQ
They have the rubber stamp ready - all that's left is for King to pass the FTP test.

[cabbageandribs1875]

They have the rubber stamp ready - all that's left is for King to pass the FTP test.


i'm positive he will pass any FTP test...like all the other sectarian bigots in the Govan stands :wink: or is this another type of test :greengrin

[Bostonhibby]

i'm positive he will pass any FTP test...like all the other sectarian bigots in the Govan stands :wink: or is this another type of test :greengrin
[emoji106]
It's the all important fat and protestant person test, supported by football authorities, the police and the media alike so it's another formality for a multi convicted tax fraudster.

[Spike Mandela]

The dilemma remains for the SFA that if they allow a convicted tax fraudster to pass their 'fit and proper person' test how can they ever apply it to any other person.

Would make the test pointless.(maybe it already is).

[CropleyWasGod]

The dilemma remains for the SFA that if they allow a convicted tax fraudster to pass their 'fit and proper person' test how can they ever apply it to any other person.

Would make the test pointless.(maybe it already is).
And, if they refuse him, they will probably find themselves in a Court case.

[Leithenhibby]

The dilemma remains for the SFA that if they allow a convicted tax fraudster to pass their 'fit and proper person' test how can they ever apply it to any other person.

Would make the test pointless.(maybe it already is).


And, if they refuse him, they will probably find themselves in a Court case.


So what's the answer to this mess?. It isn't going away. :wink:

[CropleyWasGod]

So what's the answer to this mess?. It isn't going away. :wink:

Not sure that it is a mess, TBH.

DK will now be appointed to the Board, and RFC will then be obliged to make the necessary FPP declaration. The SFA will then decide whether he is.

IMO, it's no biggie whether he's allowed or not. If he's not, he will have someone on the Board to do his bidding, a la Ashley/Lambias.

[Geo_1875]

Not sure that it is a mess, TBH.

DK will now be appointed to the Board, and RFC will then be obliged to make the necessary FPP declaration. The SFA will then decide whether he is.

IMO, it's no biggie whether he's allowed or not. If he's not, he will have someone on the Board to do his bidding, a la Ashley/Lambias.

The sooner King is in position the sooner the fighting can start. My moneys on Ashley.

[Keith_M]

The dilemma remains for the SFA that if they allow a convicted tax fraudster to pass their 'fit and proper person' test how can they ever apply it to any other person.

Would make the test pointless.(maybe it already is).


It definitely is.

[Iain G]

The sooner King is in position the sooner the fighting can start. My moneys on Ashley.

The sooner he is on board the sooner he runs them into the ground...

[BH Hibs]

If he is appointed to the board then it will be put up or shut up time. I'm not actually convinced he intends to put a great deal of money into the Rangers if any of his own money at all.

[greenginger]

https://www.ipo.gov.uk/tmownerid/search?domain=1&id=48839&app=1&name=SPORTSDIRECT&postcode=

The various Rangers trademarks now owned by Sports Direct.

They even own Broxibear ! :greengrin

Mike Ashley must be taking the piss.

[StevieC]

https://www.ipo.gov.uk/tmownerid/search?domain=1&id=48839&app=1&name=SPORTSDIRECT&postcode=

The various Rangers trademarks now owned by Sports Direct.

They even own Broxibear ! :greengrin

Mike Ashley must be taking the piss.

According to that site they were registered with SportsDirect 15 years ago? Is that right??

[Keith_M]

Anybody know why DerHun play tonight instead of last night?

[IrnBru22]

Anybody know why DerHun play tonight instead of last night?

Im guessing its because its live on BT Sports and they were showing the Liverpool game last night

[Keith_M]

Im guessing its because its live on BT Sports and they were showing the Liverpool game last night


Cheers, that makes sense.


:aok:

[Ronniekirk]

Cheers, that makes sense.


:aok:
But it also gives them an extra days rest to prepare for one of thier more difficult away games left .Just like the Hearts game wasn't rearranged quickly so by the time they eventually played them Hearts had won the Leaugue and surprise Surprise Rangers beat them They certainly have had some favourable decisions regarding rearranged games so TV has done them a few favours at the right time

[CropleyWasGod]

https://www.ipo.gov.uk/tmownerid/search?domain=1&id=48839&app=1&name=SPORTSDIRECT&postcode=

The various Rangers trademarks now owned by Sports Direct.

They even own Broxibear ! :greengrin

Mike Ashley must be taking the piss.
Not only that, but it seems to have been done under their noses :)

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-board-launches-probe-after-5487885

[jacomo]

Not only that, but it seems to have been done under their noses :)

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-board-launches-probe-after-5487885

Ouch. DK will not like that.

[Hibernia&Alba]

Poor Broxi Bear will now be put on a zero hours contract.

[Bostonhibby]

Poor Broxi Bear will now be put on a zero hours contract.
Nae sympathy here. Will be another tax dodger hence the disguise. Doubt it is even a real bear.

[Sprouleflyer]

Nae sympathy here. Will be another tax dodger hence the disguise. Doubt it is even a real bear.

Proxybear?

[Bostonhibby]

Proxybear?
[emoji106] but with a silent R.

[Keith_M]

[emoji106] but with a silent R.


Proxybea?

[portycabbage]

Proxybear?

Could be one of the proxy directors Ashley's loan entitles him to, seeing as how Ashley owns him as well now!

[Bostonhibby]

Proxybea?
Alright, a silent arse then[emoji1]

[CropleyWasGod]

Another twist in the badges:-

http://m.stv.tv/news/west-central/316649-rangers-badges-transferred-to-mike-ashley-as-security-for-5m-loan-deal/

[Bostonhibby]

Another twist in the badges:-

http://m.stv.tv/news/west-central/316649-rangers-badges-transferred-to-mike-ashley-as-security-for-5m-loan-deal/
Nae bother to a man of dodgy Dave's legendary wealth then. The cheque is probably already in the post.

[Eyrie]

Nae bother to a man of dodgy Dave's legendary wealth then. The cheque is probably already in the post.

Is that "off the radar" wealth, or did it just fall off the radar when he finally had to pay his taxes and fines to avoid jail?

[Moulin Yarns]

Another twist in the badges:-

http://m.stv.tv/news/west-central/316649-rangers-badges-transferred-to-mike-ashley-as-security-for-5m-loan-deal/

31 registered trademarks? What can they be? Club badge, red hand, orange Sash, flute, drum. After that I start to struggle. Please make some suggestions.

[CropleyWasGod]

31 registered trademarks? What can they be? Club badge, red hand, orange Sash, flute, drum. After that I start to struggle. Please make some suggestions.

25 shades of green?

[Moulin Yarns]

40 shades of green?

God save the queen, the union flag, marching, twirling baton.

[Ryan69]

He definitely won't be owning any soap from Ibrox.

[CropleyWasGod]

Twittering that the MA loan has been defaulted on.

Not sure if I believe it, as I didn't think that there was a time limit to it.

[Hermit Crab]

Twittering that the MA loan has been defaulted on.

Not sure if I believe it, as I didn't think that there was a time limit to it.


For us that have no clue about these things, what does that mean?

[CropleyWasGod]

For us that have no clue about these things, what does that mean?
The suggestion is that the loan hasn't been repaid. However, I thought that there wasn't any deadline for its repayment.

If it's correct, MA can call in his security. That will be either Murray Park/the car park/the badges/whatever else he has.

[Hermit Crab]

The suggestion is that the loan hasn't been repaid. However, I thought that there wasn't any deadline for its repayment.

If it's correct, MA can call in his security. That will be either Murray Park/the car park/the badges.


Hope it's true then!

[Ronniekirk]

31 registered trademarks? What can they be? Club badge, red hand, orange Sash, flute, drum. After that I start to struggle. Please make some suggestions.
Rights to playing bluebells are blue and penny arcade ,gardening leave , rights to any merchandise to do with winning things in the future ie printed t shirts etc that are sold for cup finals Nae idea after that

[CropleyWasGod]

Hope it's true then!
If it is true, it's another indication of just how dire are the straits they're in.

I say that as the world's hatiest hater of DS the band...and to be able to lump them in with RFC pleases me greatly :)

[CropleyWasGod]

Rights to playing bluebells are blue and penny arcade ,gardening leave , rights to any merchandise to do with winning things in the future ie printed t shirts etc that are sold for cup finals Nae idea after that
Not walking away?

[grunt]

Twittering that the MA loan has been defaulted on.

I think the point being made is that when the two SD Directors were removed following DK's coronation, the removal of the two SD nominated Directors triggered a default, since their appointment to the Board was a condition of the loan. Must admit I'm surprised that this wasn't investigated at the time. Then again, not so very surprised really.

[CropleyWasGod]

I think the point being made is that when the two SD Directors were removed following DK's coronation, the removal of the two SD nominated Directors triggered a default, since their appointment to the Board was a condition of the loan. Must admit I'm surprised that this wasn't investigated at the time. Then again, not so very surprised really.
That would make sense.

In other words, MA hasn't done anything about the default yet. .....but has the option to.

Edit.

Someone has just pointed out that, since the supporters largely voted the MA guys off, they contributed to the default .

Poor lambs :)

[jonty]

14659

[Ozyhibby]

I thought that the loan was made with the the two MA directors on the board, the terms of the loan allowed for a further two board members but they were never appointed.

Could be that those were the two and their removal triggered the default.
Always thought it strange that Ashley never appointed another two. Maybe it was two total?

[cabbageandribs1875]

http://www.bbc.co.uk/sport/0/football/32280000


Rangers have reassured fans they are still in control of the club's badges.
It follows claims Newcastle United owner Mike Ashley has the rights to trademarks such as the "Ready" badge and Broxi Bear, the club's mascot.
Ashley's Sports Direct company had been given security over the icons and logos as part of the £5m loan given to the previous board in January.

[greenginger]

http://wck2.companieshouse.gov.uk//wcprodorder?ft=1

I see Douglas Ireland Park has been recorded as a director of Rangers International. :greengrin

* weird , its on the website but does not copy and paste.

http://wck2.companieshouse.gov.uk//wcprodorder?ft=1

[greenginger]

Phil Mac whateverhisname's latest piece on Sevco .





http://www.philmacgiollabhain.ie/choose-your-weapons-and-your-words-carefully/

[bighairyfaeleith]

Phil Mac whateverhisname's latest piece on Sevco .





http://www.philmacgiollabhain.ie/choose-your-weapons-and-your-words-carefully/

Thats a pile of pish really, Park defo can afford more than 2.5 million. He might not be on Ashleys level of wealth but he is a very wealthy man. No idea about the other guys mind.

[greenginger]

Thats a pile of pish really, Park defo can afford more than 2.5 million. He might not be on Ashleys level of wealth but he is a very wealthy man. No idea about the other guys mind.


I dare say Park is wealthy when you value his business, his house and other assets, but it is how much he is willing to put in and, most probably, never see again that matters.

Especially when its just going to fill the hole dug by previous directors like Green.

Its one thing throwing money at the Club to win trophys and become a fans hero, throwing money away to bale out a sinking ship gets you nothing but abuse in Sevcoland . Ask the Easedales. :greengrin

[Geo_1875]

http://www.bbc.co.uk/sport/0/football/32280000


Rangers have reassured fans they are still in control of the club's badges.
It follows claims Newcastle United owner Mike Ashley has the rights to trademarks such as the "Ready" badge and Broxi Bear, the club's mascot.
Ashley's Sports Direct company had been given security over the icons and logos as part of the £5m loan given to the previous board in January.




So basically they do own the badges but they're sitting in the pawn shop for now.

[AndyM_1875]

Thats a pile of pish really, Park defo can afford more than 2.5 million. He might not be on Ashleys level of wealth but he is a very wealthy man. No idea about the other guys mind.

Of course it's a pile of pish. It's just the latest spittle fuelled dribblings of a tedious axe grinding bore who has a 100% record in getting the major points of this story hopelessly wrong (Results of FTTT,UTT, LNS etc).
When he begins a sentence with "I understand that...." or "My sources tell me..." the bull**** detector should be going off the scale.
How he's managed to flog the same dead horse for 3 and a half years and the Sellik tinfoil hat it's a conspiracy brigade have continued to quote him like he's uttering the wisdom of Solomon is just beyond me.

He's selling an agenda, and more fool them if they can't see it.

[Jim44]

Of course it's a pile of pish. It's just the latest spittle fuelled dribblings of a tedious axe grinding bore who has a 100% record in getting the major points of this story hopelessly wrong (Results of FTTT,UTT, LNS etc).
When he begins a sentence with "I understand that...." or "My sources tell me..." the bull**** detector should be going off the scale.
How he's managed to flog the same dead horse for 3 and a half years and the Sellik tinfoil hat it's a conspiracy brigade have continued to quote him like he's uttering the wisdom of Solomon is just beyond me.

He's selling an agenda, and more fool them if they can't see it.

Your probably correct but it's not a million miles removed from the utterings and insider info proffered by our own intelligentsia re the Sevco and Jambo sagas which we clung on to with bated breath and expectation that they would get their comeuppance, only to be disappointed in the end. Harmless banter and a bit of a laugh, but to be taken with JCB load of salt.

[Cropley10]

It's easy not to believe PMG but it might be easier to believe that MA is very-well represented legally, understands his business and 'brands' as well as, if not better than, anyone else. He's got deep, deep pockets and those in the Blue Room, or even in SA, don't.

I'll stick my neck out and say this season won't end well for Der Hun.

MA has them right where he wants them. They don't own anything and owe plenty. So it's hard to see how they trade their way out of this, even if they get promoted...

[greenginger]

http://www.philmacgiollabhain.ie/hurry-and-wait/

Don't know if there is any substance to Phil's musings , but it would be a good week to have some serious unrest in Sevcoland.

Booing their captain on the pitch, I think the peasants are revolting ! :greengrin

[jacomo]

http://www.philmacgiollabhain.ie/hurry-and-wait/

Don't know if there is any substance to Phil's musings , but it would be a good week to have some serious unrest in Sevcoland.

Booing their captain on the pitch, I think the peasants are revolting ! :greengrin

'genuine investigative journalism'... Don't make laugh! I'm still waiting for Mike Ashley to make his move, as predicted by Phil weeks ago.

[grunt]

Don't know if there is any substance to Phil's musings , but it would be a good week to have some serious unrest in Sevcoland.
I was going to post this Sportsound tweet, but then I realised its not really news as they talk about Rangers every day.


BBC Sportsound ‏@BBCSportsound 6m6 minutes ago (https://twitter.com/BBCSportsound/status/592710625660432386) RT @bbckennymac (https://twitter.com/bbckennymac): #BBCSportsound (https://twitter.com/hashtag/BBCSportsound?src=hash) 6.30 - we will have news for .@RangersFC (https://twitter.com/RangersFC) fans. #Rangers (https://twitter.com/hashtag/Rangers?src=hash)

[ancient hibee]

It seems like absolute guff.Why would Rangers ask for another loan when there's £5million on offer which they haven't taken.

Big company keeps small company waiting-not actually unusual is it?

Mr.Celtic has clutched at straws for a few months now.

[greenginger]

I don't think the £ 5 million is still on offer after they punted Ashley's people.

They could go to Ticketus maybe !

[GreenPJ]

It seems like absolute guff.Why would Rangers ask for another loan when there's £5million on offer which they haven't taken.

Big company keeps small company waiting-not actually unusual is it?

Mr.Celtic has clutched at straws for a few months now.

But presumably that £5M drawdown option was when the other aspects were in place (i.e. 2 SD directors on the board). I would expect them to have to negotiate new terms on the additional £5M now.

[CallumLaidlaw]

I see Mbabu, Streete and Ferguson are all playing for their development team tonight. Just in time for the playoffs

[Ronniekirk]

I see Mbabu, Streete and Ferguson are all playing for their development team tonight. Just in time for the playoffs

Last throw of the dice for a Club prepared to do anything it can to get promoted . hope it backfires on them

[Spike Mandela]

Sports Direct working practices getting slaughtered on Channel 4.

Wouldn't fancy working there. Ashley is a ruthless *******.

[Pretty Boy]

Tbh I expected a bit more from the programme.

It looks an utterly ***** place to work but not much worse than a few big companies I worked for in my student days. It's not right of course but until the law changes companies will exploit people. It's up to those in power to do something about it, aye right! The stuff about misleading customers on price was hardly groundbreaking, half the high street and a few of the supermarkets are at it.

[CallumLaidlaw]

@tedermeatballs: Fit and proper vote causing a great deal of political angst. Interesting exclusive in tomorrow's paper might add something to the debate.

[Eyrie]

@tedermeatballs: Fit and proper vote causing a great deal of political angst. Interesting exclusive in tomorrow's paper might add something to the debate.

Does that mean they're having trouble finding a semi-plausible loophole to let King and Murray pass the test?

[Hermit Crab]

Tbh I expected a bit more from the programme.

It looks an utterly ***** place to work but not much worse than a few big companies I worked for in my student days. It's not right of course but until the law changes companies will exploit people. It's up to those in power to do something about it, aye right! The stuff about misleading customers on price was hardly groundbreaking, half the high street and a few of the supermarkets are at it.


Staff need to to join a union. If 50% of the staff join a union the company has to recognise the union. Well, that's how it works in my industry.

[NadeAteMyLunch!]

I see Mbabu, Streete and Ferguson are all playing for their development team tonight. Just in time for the playoffs

Seen that. What a joke of a situation

[Ronniekirk]

I see Mbabu, Streete and Ferguson are all playing for their development team tonight. Just in time for the playoffs
Who were they playing and what was final score and did any of these players score I know McCall went on record a few weeks back to praise Ferguson and he made it clear he would be in his plans if fit so think he will play whenever McCall thinks he is ready He said he was a goalscorer .
Streete looked a tidy player in the few games he had before he broke down again .

Will be interesting to to see how many of them get some game time against Hearts or whether he keeps them under wraps for playoffs

however will players be fully committed to playoffs if just back from injury and not staying at ibrox next Season

[CallumLaidlaw]

Does that mean they're having trouble finding a semi-plausible loophole to let King and Murray pass the test?

http://www.dailyrecord.co.uk/sport/football/football-news/ex-rangers-chief-craig-whyte-ticked-5593823

[Bostonhibby]

http://www.dailyrecord.co.uk/sport/football/football-news/ex-rangers-chief-craig-whyte-ticked-5593823
Marathon process!? He'll be whitewashed in, this is the ****** doing it's bit. The only arduous part of the process for the authorities will be finishing off their lunchtime session with dave and then wondering how to make it sound like sporting integrity to have a 46 times convicted tax fraudster involved in Scottish football.

[grunt]

http://www.dailyrecord.co.uk/sport/football/football-news/ex-rangers-chief-craig-whyte-ticked-5593823It's a bit rich for the Record to now be criticising the SFA for their swift acceptance of Whyte when they themselves were behind the support for the guy with their "billionaire" stories.

[ancient hibee]

Compared to King's criminal record Whyte was only playing at it.

[bigwheel]

Compared to King's criminal record Whyte was only playing at it.


hmmm...not sure that's true. Don't think King has a criminal record, the criminal charges were dropped as part of his settlement...He admitted 41 lesser counts of breaching an income tax act...none of them criminal convictions.

Don't know all the details, but these are the headlines as I know it

[ancient hibee]

hmmm...not sure that's true. Don't think King has a criminal record, the criminal charges were dropped as part of his settlement...He admitted 41 lesser counts of breaching an income tax act...none of them criminal convictions.

Don't know all the details, but these are the headlines as I know it


If he hadn't paid his fine he would have been jailed.Do they put you in jail in S.A.for non criminal activities?

[bigwheel]

If he hadn't paid his fine he would have been jailed.Do they put you in jail in S.A.for non criminal activities?


That would be for non payment of his fine....

[Bostonhibby]

If he hadn't paid his fine he would have been jailed.Do they put you in jail in S.A.for non criminal activities?
As in Britain tax evasion is a crime with a jail sentence being an option if you evade.

"King, together with entities associated to him, entered into a plea and sentencing bargain with the revenue service at the Palmridge Regional Court on the same day.
As part of the settlement, King is to pay a fine of R3.2-million (R80 000 per count) or spend 24 months behind bars. In addition, he was ordered to pay an amount of R8.75-million towards the Criminal Asset Recovery Fund via the Asset Forfeiture Unit."

The plea bargain would presumably be on a guilty one otherwise no sentencing?

Read more: http://www.southafrica.info/news/sars-290813.htm#.VT_TxI9FDVI#ixzz3YdAklf7a

[shetlandhibee]

rangers have just put out a statment saying there season ticket holders will get into the play off games for free spfl spokesperson said this matter is under active discussion? and we expect to arrive to a definitive position in the next few days?? they are just wondering how they can back down and save face IMO,,,

[Ronniekirk]

rangers have just put out a statment saying there season ticket holders will get into the play off games for free spfl spokesperson said this matter is under active discussion? and we expect to arrive to a definitive position in the next few days?? they are just wondering how they can back down and save face IMO,,,
The Rangers trying to show the hierarchy they are back in the big time and mean what they said about having influence on any matters that they can .But they won't play ball with us when we put forward motions ,as always they just want things thier own way .Am already fed up with the attention they are getting from Media through here on the West Coast But was always going to be that way .

[NadeAteMyLunch!]

The Rangers statement is a joke. Actually TELLING the authorities what's going to happen. Arrogant pricks. Casting up Hibs not charging us last season but missing the point that there was no rule in place last season. Completely different scenarios.
I'm a season ticket holder at ER but I would pay for the play offs if it meant these fannies not getting their own way.

[shetlandhibee]

:top marks
The Rangers statement is a joke. Actually TELLING the authorities what's going to happen. Arrogant pricks. Casting up Hibs not charging us last season but missing the point that there was no rule in place last season. Completely different scenarios.
I'm a season ticket holder at ER but I would pay for the play offs if it meant these fannies not getting their own way.

[Eyrie]

Sevco Huns can point out that we didn't charge last season, so there is a precedent.

Let's not get distracted by the fact it's Sevco Huns challenging the SPFL. The real issue is the SPFL grabbing 50% of the gross takings for the playoff games so that it can gift most of the money to undeserving cases in the SPFL who already get the bulk of the prize money anyway.

Make it 25% of the gross, and allow the home club to keep 25% for costs.

[Thecat23]

rangers have just put out a statment saying there season ticket holders will get into the play off games for free spfl spokesperson said this matter is under active discussion? and we expect to arrive to a definitive position in the next few days?? they are just wondering how they can back down and save face IMO,,,


Tin hat on here, taken out the fact it's them I fully agree with them! Season ticket should include play offs. I'll still pay if I have to but I bought the ST at the start of the season with the CTU and nothing was said about it not being available for play off games!

Not blaming Hibs if they are charging rules are rules, just wish it was made clear at the start.

[mca]

Season Ticket = Equals the Whole Season !!!
:grr:
Does it Not.

[NAE NOOKIE]

If it is true, it's another indication of just how dire are the straits they're in.

I say that as the world's hatiest hater of DS the band...and to be able to lump them in with RFC pleases me greatly :)

Worlds second hatiest hater :greengrin

[Onion]

It's a bit rich for the Record to now be criticising the SFA for their swift acceptance of Whyte when they themselves were behind the support for the guy with their "billionaire" stories.

Exactly. Zero accountability and simply playing to the feelings of their paymasters. Free press ? Don't make me laugh. DR in the back pockets of the OF and their owners.

[CallumLaidlaw]

Tin hat on here, taken out the fact it's them I fully agree with them! Season ticket should include play offs. I'll still pay if I have to but I bought the ST at the start of the season with the CTU and nothing was said about it not being available for play off games!

Not blaming Hibs if they are charging rules are rules, just wish it was made clear at the start.

The question is, why didn't Rangers back Hibs last week at the SPFL meeting?

[Bostonhibby]

The question is, why didn't Rangers back Hibs last week at the SPFL meeting?

Flexing their imaginary muscle, or at least the one that used to belong to the now defunct Glasgow rangers? Or is it just that they are a bunch of b*******?

[Thecat23]

The question is, why didn't Rangers back Hibs last week at the SPFL meeting?

With what? You meaning the deal to give the clubs out with the play offs less money? If so Hibs and Hearts had some cheek if you ask me! Petrie agreed those terms and then wants to change them when we make the play offs.

[CallumLaidlaw]

With what? You meaning the deal to give the clubs out with the play offs less money? If so Hibs and Hearts had some cheek if you ask me! Petrie agreed those terms and then wants to change them when we make the play offs.

No, Hibs raised a 2nd point about wanting to charge what they wanted in the playoffs. Nobody backed them and it was thrown out by the SPFL.

[CallumLaidlaw]

Flexing their imaginary muscle, or at least the one that used to belong to the now defunct Glasgow rangers? Or is it just that they are a bunch of b*******?

Both :agree:

[Thecat23]

No, Hibs raised a 2nd point about wanting to charge what they wanted in the playoffs. Nobody backed them and it was thrown out by the SPFL.

Ah right, sorry thought you meant the other thing. If that's true then they are as two faced as always mate.

[CallumLaidlaw]

Ah right, sorry thought you meant the other thing. If that's true then they are as two faced as always mate.

Here's part of the statement LD made -



On the issue of Play-Off Levy, three Clubs – Hibernian, Heart of Midlothian and Motherwell - had requested a simple Resolution which would have had the effect that the Levy should be 25% while the Parachute payment is fully funded by the Scottish FA and 50% when there is no Scottish FA funding. All three Clubs were invited to speak.

The Board’s own resolution on minimum pricing, the eligibility of Season Tickets and an allowance for match expenses in respect of Play Off finances was also considered as Resolution 2.

Neither resolution progressed. Resolution 1 failed at the first hurdle when a majority of Premiership Clubs voted against it. Resolution 2 was then withdrawn by the SPFL Board, with the consent of a majority of Clubs present.

Leeann Dempster, Chief Executive of Hibernian, said: “There was a good discussion at the General Meeting on the Play Off Levy and we accept the considered will of Member Clubs.
“In truth, the debate began in October last year when the Board of the SPFL brought forward its resolution on minimum pricing and the eligibility of Season Tickets which prompted the debate around the Levy at a time when the Parachute payment if fully funded by the Scottish FA.

“The matter has been concluded and the focus should now be on the important matches we face in the coming weeks, starting with the match against Alloa Athletic here on Saturday.”

So Rangers sat back while we argued a point that dated back to October. And then once it was agreed that the matter was settled, they decided to put the cat amongst the pigeons. :rolleyes:

[Thecat23]

Here's part of the statement LD made -



So Rangers sat back while we argued a point that dated back to October. And then once it was agreed that the matter was settled, they decided to put the cat amongst the pigeons. :rolleyes:

What a bunch of ********s, anything to try make themselves look better. Seems The Rangers are very much like their old selves.

[Hermit Crab]

Season Ticket = Equals the Whole Season !!!
:grr:
Does it Not.

Playoffs are not part of the season......

[Ozyhibby]

Playoffs are not part of the season......

I agree, season ticket covers the 18 games during the regular season.

[greenginger]

Playoffs are not part of the season......


Then why are player bookings accrued during the " season " counted in the play-offs ?

[Hermit Crab]

Then why are player bookings accrued during the " season " counted in the play-offs ?

That's the rules of the game. Not the rules of the clubs ticketing procedures.

[Since90+2]

Then why are player bookings accrued during the " season " counted in the play-offs ?

Sendings off in cup matches can also lead to suspensions in league matches so its not really a valid point.

[JimBHibees]

The question is, why didn't Rangers back Hibs last week at the SPFL meeting?

Maybe they did?

[PatHead]

That's the rules of the game. Not the rules of the clubs ticketing procedures.

Should the ticketing procedures not match the rules of the game? I agree season tickets should be allowed.

[ancient hibee]

That would be for non payment of his fine....

No his sentence was custodial -he was offered the fine instead-if he hadn't paid it he would have been jailed for the tax offences not for non payment

[bigwheel]

No his sentence was custodial -he was offered the fine instead-if he hadn't paid it he would have been jailed for the tax offences not for non payment


http://news.stv.tv/scotland/237753-dave-king-settles-on-44m-bill-with-south-african-authorities/


Not what it says here...

[PatHead]

http://news.stv.tv/scotland/237753-dave-king-settles-on-44m-bill-with-south-african-authorities/


Not what it says here...

Yes it does, says he accepted lesser charges

The fraud charges against King were not pursued by the State and King accepted liability in respect of 41 lesser counts of breaching Section the South African Income Tax Act. This includes the failure to disclose information and the failure to provide correct information about incomes earned over a number of years.

[bigwheel]

Yes it does, says he accepted lesser charges

The fraud charges against King were not pursued by the State and King accepted liability in respect of 41 lesser counts of breaching Section the South African Income Tax Act. This includes the failure to disclose information and the failure to provide correct information about incomes earned over a number of years.

it also says all criminal charges were dropped...anyway, not sure why I popped into this debate - I don't really care about it at almost any level..

[CropleyWasGod]

Yes it does, says he accepted lesser charges

The fraud charges against King were not pursued by the State and King accepted liability in respect of 41 lesser counts of breaching Section the South African Income Tax Act. This includes the failure to disclose information and the failure to provide correct information about incomes earned over a number of years.

It may be that, in SA, tax offences are civil (misdemeanours) rather than criminal (felonies).

In the UK, you can be penalised by HMRC for tax failures, without being prosecuted. I am guessing that SA has a similar system.

[greenginger]

http://www.bbc.co.uk/sport/0/football/32548096

Shock News !!!!!

Paul Murray declared fit and proper.

[Bishop Hibee]

http://www.bbc.co.uk/sport/0/football/32548096

Shock News !!!!!

Paul Murray declared fit and proper.

We all knew what the outcome of this would be. Proper bluenose erse more like.

[greenginger]

http://footballisfixed.blogspot.co.uk/2015/05/glasgow-rangers-scottish-fa-uefa.html?m=1


Who is this crowd ? Do they have any credibility ?

[bingo70]

http://footballisfixed.blogspot.co.uk/2015/05/glasgow-rangers-scottish-fa-uefa.html?m=1


Who is this crowd ? Do they have any credibility ?

Lot of pish

[CropleyWasGod]

http://footballisfixed.blogspot.co.uk/2015/05/glasgow-rangers-scottish-fa-uefa.html?m=1


Who is this crowd ? Do they have any credibility ?
Never heard of them.

However, given that they're talking about UEFA, any action could only be against the old company.

[ballengeich]

Never heard of them.

However, given that they're talking about UEFA, any action could only be against the old company.

There could also be action against the SFA if they haven't enforced UEFA rules correctly. There have been suggestions that Rangers were ineligible for the 2011-12 Champions League and that the SFA should have blocked their entry - I think it's to do with the unpaid small tax case.

[CropleyWasGod]

http://footballisfixed.blogspot.co.uk/2015/05/glasgow-rangers-scottish-fa-uefa.html?m=1


Who is this crowd ? Do they have any credibility ?
He doesn't like John Colquhoun :)

http://footballisfixed.blogspot.co.uk/2015/04/mobgate_21.html?m=1

[greenginger]

Never heard of them.

However, given that they're talking about UEFA, any action could only be against the old company.



But, but, its the same Club is it not ! :greengrin

[CropleyWasGod]

But, but, its the same Club is it not ! :greengrin
Actually, in light of what Ballengeich posted. ....depending on what it is (if it is anything! ), the club itself might be affected.

[Spike Mandela]

WTF.....

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-takeover-probe-police-raid-5642669

[greenginger]

WTF.....

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-takeover-probe-police-raid-5642669



More bad news for the New Club, or .......

The Masonic hand at work to free Broxi Bear and the other assets from Big Bad Mike.

[Spike Mandela]

More bad news for the New Club, or .......

The Masonic hand at work to free Broxi Bear and the other assets from Big Bad Mike.

The latter was my thoughts but who knows in the twists and turns of this epic saga.

[Keith_M]

http://footballisfixed.blogspot.co.uk/2015/05/glasgow-rangers-scottish-fa-uefa.html?m=1


Who is this crowd ? Do they have any credibility ?


Seeing as nothing happened and they've now removed the Page, I'd say.... none whatsoever.

[jacomo]

WTF.....

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-takeover-probe-police-raid-5642669

Police Scotland loving this. A few senior officers get to play about on a long investigation that is going nowhere fast AND they get to talk about Rangers all day long.

No doubt the investigating officers attend matches regularly too 'as part of their ongoing inquiries'.

[Off the bar]

http://www.bbc.co.uk/sport/0/football/32717309

Big Mike is back in the game! Rattling the tin to get his £5m back!

[jonty]

shouldn't the loanees be going back to Newcastle now the season is over? :greengrin

[Bill Milne]

http://www.bbc.co.uk/sport/0/football/32717309

Big Mike is back in the game! Rattling the tin to get his £5m back!

He has also called an EGM to demand reasons for Sevco being delisted from AIM. Sounds like a thinly veiled attack on King.

[greenginger]

http://www.dailyrecord.co.uk/sport/football/football-news/mike-ashley-goes-war-rangers-5687137


According to the Daily ******, the request for repayment was made on 29th April, two weeks ago.

Must still be in Paul Murray's in-tray ! :greengrin

[Off the bar]

http://www.dailyrecord.co.uk/sport/football/football-news/mike-ashley-goes-war-rangers-5687137


According to the Daily ******, the request for repayment was made on 29th April, two weeks ago.

Must still be in Paul Murray's in-tray ! :greengrin

Good of Mike to wait till the playoffs are out of the way before bringing it up, could have been quite destabilizing to start a boardroom row in the middle of important games!

[greenginger]

http://www.heraldscotland.com/mobile/sport/football/former-rangers-strikers-agent-claims-club-paid-four-times-publicised-fee.126003045

More dodgy dealing by the old Club. I sense a bit of Vat fraud/money laundering by previous Rangers officials.

Not that our footballing authorities will be interested in the slightest.

[cabbageandribs1875]

http://www.heraldscotland.com/mobile/sport/football/former-rangers-strikers-agent-claims-club-paid-four-times-publicised-fee.126003045

More dodgy dealing by the old Club. I sense a bit of Vat fraud/money laundering by previous Rangers officials.

Not that our footballing authorities will be interested in the slightest.



the £12m the Ibrox side infamously paid for Tore Andre Flo from Chelsea.



how did that one turn out again



:hilarious

[J-C]

Basically Ashley telling King to put up or shut up.

[jacomo]

Basically Ashley telling King to put up or shut up.

Can't wait for the latest self-congratulatory blog from Phil MacGobsh*** giving us the inside scoop on this.

[greenginger]

Another helping hand for Sevco from the SFA


http://sport.stv.tv/football/clubs/rangers/303747-scottish-fa-to-hear-appeal-as-neil-alexander-wins-84000-from-rangers/


Seems the SFA have over-ruled their own panel and docked Alexander his £ 84 K.

Something to do with the other goalie not leaving the Club because he did'nt TUPE over. :confused:

Surely they did not say they were different Clubs !!! :greengrin

[PatHead]

Heard from the local Hun that King will be announced fit and proper today. Anyone else heard anything?

[Ryan69]

Heard from the local Hun that King will be announced fit and proper today. Anyone else heard anything?


The spineless bunch at the SFA should be stating that The Rangers must sort this mess out with their dual ownership situation before a decision is made! Like Ashley is saying....Put up or Shut up!

Seems bloody obvious too me!

:lolrangers:

[Just Alf]

Another helping hand for Sevco from the SFA


http://sport.stv.tv/football/clubs/rangers/303747-scottish-fa-to-hear-appeal-as-neil-alexander-wins-84000-from-rangers/


Seems the SFA have over-ruled their own panel and docked Alexander his £ 84 K.

Something to do with the other goalie not leaving the Club because he did'nt TUPE over. :confused:

Surely they did not say they were different Clubs !!! :greengrin


Ha ha! Couldn't make it up...... It was always just a matter of time when they catch themselves out
Either it's the same club and he's due the money or it's a new club and the contract doesn't stand. #newhun !

[blackpoolhibs]

https://www.facebook.com/glesga2bobrockits/videos/1635650373337992/


:greengrin

[Off the bar]

http://www.bbc.co.uk/sport/0/football/32691123

Dave King ruled fit and proper.

Rangers: Dave King passes SFA 'fit and proper person' test
Dave King is free to take up the chairman's role at Rangers after being passed "fit and proper" by the Scottish Football Association.
He led a successful bid to oust the previous board (http://www.bbc.co.uk/sport/0/football/31759573) at Ibrox in March.
However, the governing body needed time to assess King's suitability, given his tax convictions in South Africa.
The fact he sat on the Rangers board prior to administration and subsequent liquidation was also taken into consideration.
Acting chairman Paul Murray, who was also on the board prior to administration, had his position as a director ratified by the SFA on 1 May. (http://www.bbc.co.uk/sport/0/football/32548096)
The SFA works from a set of guidelines for all office bearers within Scottish football, with the onus on clubs to provide any information that would require investigation.
Failure to meet the listed criteria does not automatically exclude an individual from taking up a position.
More to follow...

[Ryan69]

http://www.bbc.co.uk/sport/0/football/32691123

Dave King ruled fit and proper.

Rangers: Dave King passes SFA 'fit and proper person' test
Dave King is free to take up the chairman's role at Rangers after being passed "fit and proper" by the Scottish Football Association.
He led a successful bid to oust the previous board (http://www.bbc.co.uk/sport/0/football/31759573) at Ibrox in March.
However, the governing body needed time to assess King's suitability, given his tax convictions in South Africa.
The fact he sat on the Rangers board prior to administration and subsequent liquidation was also taken into consideration.
Acting chairman Paul Murray, who was also on the board prior to administration, had his position as a director ratified by the SFA on 1 May. (http://www.bbc.co.uk/sport/0/football/32548096)
The SFA works from a set of guidelines for all office bearers within Scottish football, with the onus on clubs to provide any information that would require investigation.
Failure to meet the listed criteria does not automatically exclude an individual from taking up a position.
More to follow...

The embarrasment of Scottish football has just sunk to a new level!

If somebody like DK had applied at any club outside of the old firm....He would of been instantly rejected!

[greenginger]

http://www.politicsweb.co.za/documents/sars-responds-to-dave-king


Fit and Proper !:confused:

[Spike Mandela]

http://www.scottishfa.co.uk/scottish_fa_news.cfm?page=2986&newsID=14785&newsCategoryID=1

The SFA statement spells out precisely and transparently how they reached their decision.........the old 'supplementary documentation' defence. Ha ha ha.

Truly, what is the point of this test if an individual like Mr King is considered fit and proper? What exactly do you have to be to fail the test...an axe murderer?

Should rename it fit, proper and true Rangers man test.

[Jim44]

Impeccable timing. Massive boost for Sevco 24 hours before one of their most important games for years. The SFA or whatever their name is now, are v****n.

[Billy Whizz]

http://www.scottishfa.co.uk/scottish_fa_news.cfm?page=2986&newsID=14785&newsCategoryID=1

The SFA statement spells out precisely and transparently how they reached their decision.........the old 'supplementary documentation' defence. Ha ha ha.

Truly, what is the point of this test if an individual like Mr King is considered fit and proper? What exactly do you have to be to fail the test...an axe murderer?

Should rename it fit, proper and true Rangers man test.

Would you want him running Hibs, not a chance. Their welcome to him

[SkintHibby]

http://www.bbc.co.uk/sport/0/football/32691123

Dave King ruled fit and proper.

Rangers: Dave King passes SFA 'fit and proper person' test


Dave King is free to take up the chairman's role at Rangers after being passed "fit and proper" by the Scottish Football Association.
He led a successful bid to oust the previous board (http://www.bbc.co.uk/sport/0/football/31759573) at Ibrox in March.
However, the governing body needed time to assess King's suitability, given his tax convictions in South Africa.
The fact he sat on the Rangers board prior to administration and subsequent liquidation was also taken into consideration.
Acting chairman Paul Murray, who was also on the board prior to administration, had his position as a director ratified by the SFA on 1 May. (http://www.bbc.co.uk/sport/0/football/32548096)
The SFA works from a set of guidelines for all office bearers within Scottish football, with the onus on clubs to provide any information that would require investigation.
Failure to meet the listed criteria does not automatically exclude an individual from taking up a position.
More to follow...

Anyone else slightly suspicious that this has been announced the day before Rangers most important game since they were founded in 2012?

[CropleyWasGod]

Impeccable timing. Massive boost for Sevco 24 hours before one of their most important games for years. The SFA or whatever their name is now, are v****n.

Is he playing up front? :greengrin

And I'm pretty they're no Vulcan....

[ACLeith]

Am I right in thinking he will have to be an absentee chairman? If he stays here for longer than a specific period he qualifies as a UK taxpayer and will have to pay HMRC? Oh wait a minute ......

[Golden Bear]

Impeccable timing. Massive boost for Sevco 24 hours before one of their most important games for years. The SFA or whatever their name is now, are v****n.

:agree:

My thoughts exactly.

It's too much of a coincidence for it not to be a coincidence.

[Kavinho]

Anyone else slightly suspicious that this has been announced the day before Rangers most important game since they were founded in 2012?

Not really, but don't know how they could have possibly delayed the announcement any longer. The decision is already about 2 years late*


* prone to exaggeration, have not bothered dig out the timescales of when his takeover was first mooted.

[Lago]

Lets be frank, the Scottish football establishment will do what ever is necessary to have rangers in the top division, by hook or by crook. There is no point in beating yourselves up over this issue, its head against brick wall stuff.

[Aldoo]

Is he playing up front? :greengrin

And I'm pretty they're no Vulcan....

I disagree CWG, they're new motto will be

"Lie long and prosper"

[jacomo]

Lets be frank, the Scottish football establishment will do what ever is necessary to have rangers in the top division, by hook or by crook. There is no point in beating yourselves up over this issue, its head against brick wall stuff.

:agree:

Let's hope he flies in from his SA lair in time to see his team well and truly gubbed tomorrow.

[Lucius Apuleius]

Oh he is fit and proper OK

[Benny Brazil]

http://www.bbc.co.uk/sport/0/football/32691123

Dave King ruled fit and proper.

Rangers: Dave King passes SFA 'fit and proper person' test
Dave King is free to take up the chairman's role at Rangers after being passed "fit and proper" by the Scottish Football Association.
He led a successful bid to oust the previous board (http://www.bbc.co.uk/sport/0/football/31759573) at Ibrox in March.
However, the governing body needed time to assess King's suitability, given his tax convictions in South Africa.
The fact he sat on the Rangers board prior to administration and subsequent liquidation was also taken into consideration.
Acting chairman Paul Murray, who was also on the board prior to administration, had his position as a director ratified by the SFA on 1 May. (http://www.bbc.co.uk/sport/0/football/32548096)
The SFA works from a set of guidelines for all office bearers within Scottish football, with the onus on clubs to provide any information that would require investigation.
Failure to meet the listed criteria does not automatically exclude an individual from taking up a position.
More to follow...


What is the point of having a "criteria list" then if you arent going to use it

[JJP]

Never in doubt.

[Jim44]

Is he playing up front? :greengrin

And I'm pretty they're no Vulcan....

You might be pretty :greengrin but this is all grist to the mill in the conspiracy to get them back to the Premiership this year. I think you might find we're farting against thunder in the next two games. I'd love to see them fail but in the unlikely event of that happening, reconstruction will happen. If they make it right through on the pitch, with a little help from their friends, reconstruction will be put on ice for another few years.

[MKHIBEE]

What is the point of having a "criteria list" then if you arent going to use it

It is to be used only when it concerns teams who do not play their home games at Parkhead or Ibrox

[Keith_M]

As if this was ever in doubt.


The only reson it took so long was that the SFA wanted to be seen to be actually deliberating over it.

[Big_Franck]

Absolute farce. We all knew it would happen though. What is the point in having this test if people like this can pass?

As someone else said above, they are welcome to him though. They'll be in administration again within two years.

[Elephant Stone]

So, a 'glib and shameless liar' according to a South African judge but a proper person to be running a Scottish professional football club according to our authorities. :hilarious

What is it with Rangers and these absolute shysters? They're a constant reminder that sc*m does well and truly attract sc*m.

[declan macmanus]

No coincidence that this is announced the day before our game. Get the ibrox hoards in full celebratory voice tomorrow.


Sent from my iPhone using Tapatalk

[Lago]

:top marks
:agree:

Let's hope he flies in from his SA lair in time to see his team well and truly gubbed tomorrow.