Generic Sevco / Rangers meltdown thread

[jacomo]

"I have sent letters to Sports Direct in my capacity as a director of Rangers Retail Limited taking them to task for poor business practices and corporate governance failures."

King is an expert in that field.

Mike Ashley will be really, scared at being sent a letter.

A highly placed source has confirmed to me that a mild tremor was recorded in North London this week. Stenographers ascribing this to Mike Ashley quaking with fear at the contents of a letter sent by Mr David Cunningham King would have to be marked as erroneous.

It was in fact caused by Ashley laughing so hard that his bellies haven't stopped shaking.

Once again, dear readers, I am so far in the lead on this story it almost hurts.

[Lago]

All they now need is John Brown outside the stadium on the steps letting the crowd understand who they should seek out and attack. "Who are emmm this person, we should be know"

Or fat Sally demanding full transparency:greengrin

[jacomo]

I know from fans involved that there have been meetings to galvanise the biggest Rangers Supporters Associations and try to look at ways of the Rangers Trust raising more money so they clearly are needing investment and not getting it you would assume so turning to the fans ,hence the media profile to turn fans even more against Ashley and then appeal to those fans to save the club by putting in money . can't see them I wanting to incur penalty points and take their chances in the play off ,unless they are confident enough to think they will be more than twenty five points ahead of us at end of the season


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Chuckie Green already went to the well with his share issue.

The Rangers fans might feel betrayed at the lack of promised 'over-investment'.

Just a couple of reasons why a new share issue might fall down.

I think it's pretty clear by now that King saw an opportunity to take control of Rangers on the cheap. He reckoned on promotion to the top flight + sold out Ibrox to fill the club's coffers.

It clearly hasn't worked out like that. Question is, can he find the money to cover the shortfall?

[O'Rourke3]

Or fat Sally demanding full transparency:greengrin
Unlike the German polis in Young Frankenstein starting a riot is bad for his media career. Thats all he has now as football wont touch him.... Thats why it needs to be Bomber. Too stupid to care

Sent via the bushes @ EM

[Greenblood70]

Some interesting discussion in the comments section of the linked blogs where there seems to be a rift between Level 5 PR (James Traynor , formerly Minister for Propaganda at Ibrox and the Daily Record) and Sevco. Seems the huns decision to cut back on spending has meant money splashed on luxuries such as Level 5 has been cut right back/stopped completely. Even some talk of Level 5 still being owed money by Rangers.

As Rangers appear to be virtually their only client (from a quick recce of the Level 5 website) it will be interesting to see if anything that Traynor knows that could discredit the current Rangers Board leaks out in the near future. I would assume he knows where the bodies are buried.

[Scorrie]

Some interesting discussion in the comments section of the linked blogs where there seems to be a rift between Level 5 PR (James Traynor , formerly Minister for Propaganda at Ibrox and the Daily Record) and Sevco. Seems the huns decision to cut back on spending has meant money splashed on luxuries such as Level 5 has been cut right back/stopped completely. Even some talk of Level 5 still being owed money by Rangers.

As Rangers appear to be virtually their only client (from a quick recce of the Level 5 website) it will be interesting to see if anything that Traynor knows that could discredit the current Rangers Board leaks out in the near future. I would assume he knows where the bodies are buried.

Possibly but I assume that Traynor would be bound by client confidentiality clauses.

[AndyM_1875]

Say what you like about Phil Macgiollabhain, but this does appear to be following the narrative set out in his blog.



Think I've left most folk in no doubt.....:greengrin

He's a spoofer.

[southsider]

Think I've left most folk in no doubt.....:greengrin

He's a spoofer.

Perhaps, but him and JJ over at Ibrox more or less reach the same conclusion. The rangers need money fast. The 3 bears and DCK seem unwilling or unable to throw more cash down the black hole. Another rights issue whilst the on-going court case looms is a non starter. The new nomad promised by DCK has vanished. MA has them over a barrel and foolishly DCK seems to want to pick a fight with him. Perhaps trying to gloat him into calling in his 5m loan which would result in insolvency. "Bad, bad MA, he shut us down. I did my best guys but its his fault."

[jacomo]

Perhaps, but him and JJ over at Ibrox more or less reach the same conclusion. The rangers need money fast. The 3 bears and DCK seem unwilling or unable to throw more cash down the black hole. Another rights issue whilst the on-going court case looms is a non starter. The new nomad promised by DCK has vanished. MA has them over a barrel and foolishly DCK seems to want to pick a fight with him. Perhaps trying to gloat him into calling in his 5m loan which would result in insolvency. "Bad, bad MA, he shut us down. I did my best guys but its his fault."

Have JJ's credentials been verified in any way? Clearly he's a keen observer of all things Newco, but is he even a Rangers fan?

[greenginger]

Have JJ's credentials been verified in any way? Clearly he's a keen observer of all things Newco, but is he even a Rangers fan?

I think he's definitely a Rangers supporter, nobody goes to the lengths he has as a wind-up.

He has it in for King with what can only be described as a pathological obsession .

[hibs0666]

Have JJ's credentials been verified in any way? Clearly he's a keen observer of all things Newco, but is he even a Rangers fan?

Celtic supporter living in England apparently.

[greenginger]

Now he's crediting a Hibs supporter for reporting King flying in for a secret meeting.


https://johnjamessite.wordpress.com/2015/10/28/an-emergency-board-meeting/

[Ozyhibby]

Have JJ's credentials been verified in any way? Clearly he's a keen observer of all things Newco, but is he even a Rangers fan?

Doesn't really matter. His info has been generally sound (although his arithmetic, not so much).
He has an agenda, like Phil Macgiollabhain, but at least it is out there in the open. If they were telling fibs it would be very easy for Rangers to stop them.


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[Smartie]

I think he's definitely a Rangers supporter, nobody goes to the lengths he has as a wind-up.

He has it in for King with what can only be described as a pathological obsession .

They will also be aware that the Rangers support effectively were sleepwalking when they ended up in their previous mess.

Anyone who criticised them was jumped on as being anti-Rangers.

I think that this time they are collectively less likely to take things on face value from whoever happens to be in charge at the club.

The way this chap goes on though one suspects that King has pumped his good lady.

[jacomo]

Doesn't really matter. His info has been generally sound (although his arithmetic, not so much).
He has an agenda, like Phil Macgiollabhain, but at least it is out there in the open. If they were telling fibs it would be very easy for Rangers to stop them.


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I think it matters because, as we know from the Hearts admin fiasco, even well informed observers can easily add 2 + 2 and end up with 5.

There is endless speculation that Newco are in financial difficulties, but as far as I can tell, little genuine insider knowledge being leaked to those outside observers.

[PatHead]

I think it matters because, as we know from the Hearts admin fiasco, even well informed observers can easily add 2 + 2 and end up with 5.

There is endless speculation that Newco are in financial difficulties, but as far as I can tell, little genuine insider knowledge being leaked to those outside observers.

Think it is based on the sums not adding up looking at income and anticipated outgoings but mainly the glib and shameless one not coming up with the money he promised before he took over.

In both their old and new forms, Ra Gers have been shafted before and maybe Ra peepil aren't all taking it at face value..

[Famous Fiver]

Does all this mean that whoever is fourth must finish more than 25 points in front of Rangers in the event of an insolvency to prevent them going up?

I definitely fancy us to be in front of them should they be deducted 25 but what about Falkirk, Raith, St Mirren?

Interesting to speculate.............

[jacomo]

Does all this mean that whoever is fourth must finish more than 25 points in front of Rangers in the event of an insolvency to prevent them going up?

I definitely fancy us to be in front of them should they be deducted 25 but what about Falkirk, Raith, St Mirren?

Interesting to speculate.............

Best thing those teams could do is start taking points off Newco, so they are well positioned should any insolvency event occur.

[CropleyWasGod]

Does all this mean that whoever is fourth must finish more than 25 points in front of Rangers in the event of an insolvency to prevent them going up?

I definitely fancy us to be in front of them should they be deducted 25 but what about Falkirk, Raith, St Mirren?

Interesting to speculate.............
No. They only need to finish 1 point ahead of them [emoji6]

What you mean is they need to have won less than 25 points less than Rangers to shut them out of the play offs.



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[Ozyhibby]

Does all this mean that whoever is fourth must finish more than 25 points in front of Rangers in the event of an insolvency to prevent them going up?

I definitely fancy us to be in front of them should they be deducted 25 but what about Falkirk, Raith, St Mirren?

Interesting to speculate.............

Depends if they also lose players. There may not be enough money in the pot to run an admin, especially as it would need to last as long as the court case. May go straight to the big L?


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[CropleyWasGod]

Depends if they also lose players. There may not be enough money in the pot to run an admin, especially as it would need to last as long as the court case. May go straight to the big L?


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Even in an administration, they would likely lose players.

I think an administrator would try to keep things going for the rest of the season. An early sale of ST'S would be the first step.



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[Jack Hackett]

Even in an administration, they would likely lose players.

I think an administrator would try to keep things going for the rest of the season. An early sale of ST'S would be the first step.



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Just a laymans opinion, but I think there would be too many variables to encourage an early take up of STs...The need to get through the play-offs with a weakened side...would they even get back to the top league in this scenario? The shock to their tiny wee minds that they're not 'overinvesting' to get back there. The realization for the majority of them that glib and shameless is exactly that. Not many will be reading the blogs and will be unaware of the true situation...all they can see is their team riding high in the league. Asking them to dip into their pockets again might be a step too far. I'm hoping for an early xmas present in the shape of what Ozy is suggesting

[CropleyWasGod]

Just a laymans opinion, but I think there would be too many variables to encourage an early take up of STs...The need to get through the play-offs with a weakened side...would they even get back to the top league in this scenario? The shock to their tiny wee minds that they're not 'overinvesting' to get back there. The realization for the majority of them that glib and shameless is exactly that. Not many will be reading the blogs and will be unaware of the true situation...all they can see is their team riding high in the league. Asking them to dip into their pockets again might be a step too far. I'm hoping for an early xmas present in the shape of what Ozy is suggesting
If they didn't at least attempt an early sale of ST'S, they wouldn't reach the play offs. As Ozy suggested, it would be the big L and they would have to stop trading.



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[Ozyhibby]

If they didn't at least attempt an early sale of ST'S, they wouldn't reach the play offs. As Ozy suggested, it would be the big L and they would have to stop trading.



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An early sale of season tickets creates new creditors which I'm not sure they are allowed to do? Would they not cancel this years tickets and go pay at the gate to try keep the lights on?


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[BIGK]

King had one eye on the pot and the other up the chimney (and seems to talk a load of peggish.)



What is it they say about people that look down and to the left when telling you something....... oh I peggish just about covers it.

[CropleyWasGod]

An early sale of season tickets creates new creditors which I'm not sure they are allowed to do? Would they not cancel this years tickets and go pay at the gate to try keep the lights on?


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Think you're right. Did they not do that before?

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[Jack]

Think you're right. Did they not do that before?

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IF I remember rightly the yams didn't sell next seasons tickets for that reason.

[hibs0666]

Have JJ's credentials been verified in any way? Clearly he's a keen observer of all things Newco, but is he even a Rangers fan?

A Celtic crazy stalked by Rangers crazies (https://examplewordpresscom7073.wordpress.com/2015/10/22/the-tale-of-mr-hyde-and-dr-jekyll-or-john-james-revealed/)

[Ozyhibby]

http://images.tapatalk-cdn.com/15/10/28/5187597e6deebb1aed984af8a0cb9288.jpg



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[Kato]

What is it they say about people that look down and to the left when telling you something

A body language expert might say he's lying.

[Brunswickbill]

Herald today with a piece slagging Mike Ashley. Although it's ostensibly about Sevco's finances and MA's role in this, it doesn't mention any of the real problems looming on the horizon for the zombie club. Mainly talks about how he has messed up Newcastle FC. Softening up the follow followers for what's to come and making ready to lay the blame at MA's door possibly?

[Ozyhibby]

Herald today with a piece slagging Mike Ashley. Although it's ostensibly about Sevco's finances and MA's role in this, it doesn't mention any of the real problems looming on the horizon for the zombie club. Mainly talks about how he has messed up Newcastle FC. Softening up the follow followers for what's to come and making ready to lay the blame at MA's door possibly?

They won't be able to escape the fact that if MA was in control there is zero chance Rangers would go to the wall.
It's only because Dave King forced him out that new Rangers are now in trouble.


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[CropleyWasGod]

Herald today with a piece slagging Mike Ashley. Although it's ostensibly about Sevco's finances and MA's role in this, it doesn't mention any of the real problems looming on the horizon for the zombie club. Mainly talks about how he has messed up Newcastle FC. Softening up the follow followers for what's to come and making ready to lay the blame at MA's door possibly?

You're not the first to suggest that, and I share that opinion. MA has been the big bad wolf for a while now, and it will get worse.

Will he care? :cb

[StevieC]

Will he care? :cb

As a follower of Newcastle United .. I would suggest that he probably won't .. :rolleyes: .. in fact, I would go so far as to suggest that he reads these articles with a cheeky grin on his face .. :greengrin

[Billy Whizz]

You're not the first to suggest that, and I share that opinion. MA has been the big bad wolf for a while now, and it will get worse.

Will he care? :cb

If rangers were to go pop, remind me of what Ashley would "own"
I'm presuming this is what he would have secured against his loan?

[CropleyWasGod]

If rangers were to go pop, remind me of what Ashley would "own"
I'm presuming this is what he would have secured against his loan?


He is owed £5m, which is secured against various assets. In the event of their sale, the first £5m would go to him.

He would be entitled to take possession of them, I think, but (and this is where my legal knowledge is sketchy) probably only where the value was less than £5m. That's like a bank repossessing a house in the event of a defaulted mortgage.

ATM, I've no thoughts as to which would be better for him.

More to the point, we're on page 999, guys. Shall we just stop here? :cb

[greenginger]

You're not the first to suggest that, and I share that opinion. MA has been the big bad wolf for a while now, and it will get worse.

Will he care? :cb


King could be trying to goad Ashley into pulling the plug on Sevco.

They are in default of the £ 5 million loan agreement. SD were meant to have 2 reps. on the Board and the AIM registration had to be maintained, so a receiver could be appointed to collect the funds required for repayment.

If they are beyond saving better to get a patsy to pull the trigger.

I don't think it will work though, Ashley has thick skin.

[Billy Whizz]

He is owed £5m, which is secured against various assets. In the event of their sale, the first £5m would go to him.

He would be entitled to take possession of them, I think, but (and this is where my legal knowledge is sketchy) probably only where the value was less than £5m. That's like a bank repossessing a house in the event of a defaulted mortgage.

ATM, I've no thoughts as to which would be better for him.

More to the point, we're on page 999, guys. Shall we just stop here? :cb
Could be wrong, but can't see Ashley forcing them under, would be unbelievable bad publicity for Sports Direct, or does he view all publicity as good

[Bostonhibby]

Could be wrong, but can't see Ashley forcing them under, would be unbelievable bad publicity for Sports Direct, or does he view all publicity as good

Could be good marketing to appeal to the other 95% of modern forward looking Scotland by doing what the politicians and football authorities couldn't or wouldn't do and rid the nation of this scar on it's image?

[Moulin Yarns]

More to the point, we're on page 999, guys. Shall we just stop here? :cb


Naw, getting to 1,000 would be grand.

[snedzuk]

He is owed £5m, which is secured against various assets. In the event of their sale, the first £5m would go to him.

He would be entitled to take possession of them, I think, but (and this is where my legal knowledge is sketchy) probably only where the value was less than £5m. That's like a bank repossessing a house in the event of a defaulted mortgage.


ATM, I've no thoughts as to which would be better for him.

More to the point, we're on page 999, guys. Shall we just stop here? :cb

Dont stop now - the really good part could be just around the corner

[Juice-Terry]

Is this the first thing on p. 1,000?

[Juice-Terry]

Damn.

[Col2]

I think it's bubbling under very nicely. Looks like King is getting a little desperate. I am expecting a call out soon for 2nd half season tickets.

[CropleyWasGod]

Naw, getting to 1,000 would be grand.

I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

:cb

[spike220]

I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

:cb



Almost up to page 1000 already!


:flag:

[Geo_1875]

Almost up to page 1000 already!


:flag:

Are we there yet?

[Geo_1875]

Oh come on!!!

[Mikey09]

Ok. Can someone tell me where The Rangers stand just now re money, Ashley etc. Basically what's going on in simple terms... CWG?

[Moulin Yarns]

I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

:cb

I think every number has some significance in Chinese culture.

I started working for my current employer on 8/8/88

The number 8 is a symbol of wealth and prosperity, and that's where it falls down!! :confused:

http://www.travelchinaguide.com/intro/lucky-number8.htm

[southern hibby]

Bagsy first post on the 1000th page.

Also predict a riot when poo hits the air conditioning
And predict at least another 1000 pages to go before this sorry little saga is over.


GGTTH

[southern hibby]

There shows my powers of initiation lol.


GGTTH

[southern hibby]

Or even intuition

GGTTH

[Jack]

What difference does it make if Ashley can appoint the Liquidator? Or whatever!

[Ozyhibby]

He is owed £5m, which is secured against various assets. In the event of their sale, the first £5m would go to him.

He would be entitled to take possession of them, I think, but (and this is where my legal knowledge is sketchy) probably only where the value was less than £5m. That's like a bank repossessing a house in the event of a defaulted mortgage.

ATM, I've no thoughts as to which would be better for him.

More to the point, we're on page 999, guys. Shall we just stop here? :cb

He already owns all the intellectual property associated with Rangers. The name, the badges, mascots etc.
Whoever tried to put a CVA together would have to deal with MA if the wanted the third club to be called Rangers.
He also has a security over all Land and Buildings except Ibrox. The ownership of all these assets is also still in dispute in the courts and likely to remain so for a while. Could make a CVA tricky.


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[Ozyhibby]

What difference does it make if Ashley can appoint the Liquidator? Or whatever!

Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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[Moulin Yarns]

Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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Another Duff and Phelps situation do you think??

[greenginger]

Another Duff and Phelps situation do you think??


More likely Bryan Jackson, just as happy to ignore the rules but seen as the saver of football clubs.

[Moulin Yarns]

More likely Bryan Jackson, just as happy to ignore the rules but seen as the saver of football clubs.

More likely to be Keith Jackson :wink:

[EskbankHibby]

I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

:cb

Think we should Spinal Tap this up to 11.

[EdinMike]

Gonna call it now and say nothing will happen...

[Hibee87]

Gonna call it now and say nothing will happen...

Canny see it myself either

[Geo_1875]

Canny see it myself either

It is fun while it goes on though.

[Moulin Yarns]

Gonna call it now and say nothing will happen...


Canny see it myself either

Have faith. Or at least enjoy the discomfort they are still experiencing.

[Jack]

Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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I thought as one of the conditions of the loan, or something else he gave them, that it is his decision who is selected for the role.

[IanM]

1000 pages and i've read every comment on every page.

just like to thak everyone for their contribution over the piece.. has been thoroughly enjoyable and with more gloom pending it'll only get better :aok:

[Jim Herriot]

I'm just waiting for the day this thread is closed and a new one started with a poll on "Should The The Rangers be allowed to join the Lowland league?"

[steakbake]

anyone else remember how many pages the calendar signing thread got to?

[Smartie]

1000 pages and i've read every comment on every page.

just like to thak everyone for their contribution over the piece.. has been thoroughly enjoyable and with more gloom pending it'll only get better :aok:

:agree:

It has been one of the biggest stories that will occur in Scottish sport - ever - and has been fascinating from the moment there were rumblings and rumours that there was something happening right through the big L, the boardroom wranglings and on to the present day.

I'd also like to thank the knowledgeable posters who have kept us "laymen" informed on the finer financial and legal details.

And not forgetting everyone who has chipped in with opinion and conversation along the way, whether knowledgeable or not.

Hopefully this one has a good bit to run yet.

[Dashing Bob S]

Rangers are obviously too big to go away forever, unfortunately.

However, they've got themselves into an awful mess and the ramifications of that will be felt by them for decades to come.

[Ozyhibby]

Rangers are obviously too big to go away forever, unfortunately.

However, they've got themselves into an awful mess and the ramifications of that will be felt by them for decades to come.

There is the possibility of them having a break from football if ownership of all the assets can't be brought together quick enough. :-)
Be a bit tricky claiming your the same club if you can't call your self Rangers, can't use the badge and have to play out of Hampden. They'll try though.

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[Mikey09]

I'll ask again... Can someone please tell me in simple terms what is going on at The Rangers? Are they close to Admin?!

[Ozyhibby]

https://johnjamessite.wordpress.com/2015/10/29/has-ashley-made-his-move/


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[CropleyWasGod]

I'll ask again... Can someone please tell me in simple terms what is going on at The Rangers? Are they close to Admin?!

No-one outside of the company itself can answer your questions.

However, the circumstantial evidence of, amongst other things:-

1. the Court case involving the former players.

2. the Court case involving the current club and its former CEO.

3. their inability to raise funds

4. the fact that they have attendances of 40k every week, and can't afford to buy players.

5. their inability, or unwillingness, to repay a "mere" £5m loan.

6. their loss of the commercial income.

7. their horrendous accounts

points us in the direction that they have problems.

[Ozyhibby]

I'll ask again... Can someone please tell me in simple terms what is going on at The Rangers? Are they close to Admin?!

All anyone really knows is that they are running out of cash fast and they need someone to give them between £3-5m to finish the season. This could be more if Charlie wins his case on the 12/13th Nov.
Whoever gives them this cash will never get it back and will receive no security over any assets in return. It will be a gift.
There may be someone out there happy to do that but I very much doubt it.


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[Mikey09]

All anyone really knows is that they are running out of cash fast and they need someone to give them between £3-5m to finish the season. This could be more if Charlie wins his case on the 12/13th Nov.
Whoever gives them this cash will never get it back and will receive no security over any assets in return. It will be a gift.
There may be someone out there happy to do that but I very much doubt it.


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No-one outside of the company itself can answer your questions.

However, the circumstantial evidence of, amongst other things:-

1. the Court case involving the former players.

2. the Court case involving the current club and its former CEO.

3. their inability to raise funds

4. the fact that they have attendances of 40k every week, and can't afford to buy players.

5. their inability, or unwillingness, to repay a "mere" £5m loan.

6. their loss of the commercial income.

7. their horrendous accounts

points us in the direction that they have problems.


nice one... Cheers lads. :aok:

[Ozyhibby]

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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[CropleyWasGod]

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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Hence the Legal Aid. :agree:

[hibs0666]

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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Wonder where he has stashed his assets?

[Ozyhibby]

Wonder where he has stashed his assets?

Think there is only Ibrox left. ;-)


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[Ozyhibby]

@sitonfence: Has Phil Mac Giolla Bhain received a 'Cease and Desist' interdict from the shyster board?


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[greenginger]

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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Wealth definitely off the radar now. :greengrin

[Ozyhibby]

Wealth definitely off the radar now. :greengrin

Just for fun. :-)

http://www.dailyrecord.co.uk/sport/football/scots-billionaire-craig-whyte-set-1076102#ICID=sharebar_twitter




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[JeMeSouviens]

@sitonfence: Has Phil Mac Giolla Bhain received a 'Cease and Desist' interdict from the shyster board?


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That settles it, he can't be a Hun if he can bring himself to spell Phil's name.

btw, is it just me or are his ubiquitous "posit"s starting to grate as much as Phil's "Cunningham"s? :rolleyes:

[Ozyhibby]

That settles it, he can't be a Hun if he can bring himself to spell Phil's name.

btw, is it just me or are his ubiquitous "posit"s starting to grate as much as Phil's "Cunningham"s? :rolleyes:

Maybe it's the same guy?


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[CropleyWasGod]

Maybe it's the same guy?


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Was the identity of Charlotte Fakes ever established?

Scratch that, I've just found this from when I was on holiday.

http://www.gersnetonline.co.uk/vb/showthread.php?73359-Charlotte-Fakes-Named-By-The-Sun

[Kojock]

More to the point, we're on page 999, guys. Shall we just stop here? :cb

It all depends on what your Posts Per Page settings are if you are on page 999 or not. I have mine set at 40 posts per page and a result I am on page 750.

If you want to change your PPP settings then:

1/ Click on Forum Actions
2/ Select General Settings
3/ Scroll down to Thread Display Options
4/ Select Number of Posts to Show Per Page
5/ From the drop down menu choose how many PPP you wish to display

Sad I know :greengrin

[Jack]

There's a fair few folk seem to be waiting with bated/fetid breath for Mike Ashley to do something, the Lying King desperate to goad him into ... well anything!

Big Mike has previous for saying ... well almost nothing.

Why should he?

[Ozyhibby]

There's a fair few folk seem to be waiting with bated/fetid breath for Mike Ashley to do something, the Lying King desperate to goad him into ... well anything!

Big Mike has previous for saying ... well almost nothing.

Why should he?

I personally don't think Ashley will do anything. He will wait patiently for them to run out of money.


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[greenginger]

https://johnjamessite.wordpress.com/2015/10/29/cease-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

[PatHead]

https://johnjamessite.wordpress.com/2015/10/29/cease-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

Shame that wasn't post 30000. What a great way that would have been to start the 30000s

[Prof. Shaggy]

https://johnjamessite.wordpress.com/2015/10/29/cease-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

Make them play in their vests and underpants...

[PatHead]

Wonder when the wages are due.

[Jack]

For the older people amongst us ...

1001 cleans a big big carpet for less than half a crown!

[Ozyhibby]

That might explain King's reference to legal action being taken by Sports Direct.


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[Onceinawhile]

https://johnjamessite.wordpress.com/2015/10/29/cease-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

No chance that's true.

[ehf]

No chance that's true.

Sadly not; the guy is spouting utter nonsense.

[PatHead]

No chance that's true.

You are right. The MSM would have reported it if it was true.

[CropleyWasGod]

AFAIK, there's no such thing as a "Cease & Desist Interdict". An interdict can only be granted by a Court, and would be in the public domain.

There is a "Cease & Desist Letter". It is possible that this could have been issued. Anyone can issue such a letter.

Not for the first time, JJ's inability to get basic stuff right calls into question whether he has the substance correct.

[Ronniekirk]

No-one outside of the company itself can answer your questions.

However, the circumstantial evidence of, amongst other things:-

1. the Court case involving the former players.

2. the Court case involving the current club and its former CEO.

3. their inability to raise funds

4. the fact that they have attendances of 40k every week, and can't afford to buy players.

5. their inability, or unwillingness, to repay a "mere" £5m loan.

6. their loss of the commercial income.

7. their horrendous accounts

points us in the direction that they have problems.

So how come they are talking about strengthening thier squad in January Transfer Window Where are they getting the money for this ?




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[CropleyWasGod]

So how come they are talking about strengthening thier squad in January Transfer Window Where are they getting the money for this ?




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They don't need money to talk. :greengrin

They do need to talk, however, to promote sales of half ST's.

[greenginger]

AFAIK, there's no such thing as a "Cease & Desist Interdict". An interdict can only be granted by a Court, and would be in the public domain.

There is a "Cease & Desist Letter". It is possible that this could have been issued. Anyone can issue such a letter.

Not for the first time, JJ's inability to get basic stuff right calls into question whether he has the substance correct.
http://simply-docs.co.uk/Intellectual_Property_and_Confidentiality_Agreemen ts/Cease_and_Desist_letters?gclid=CjwKEAjwh8exBRDyyqq H9pvf1ncSJAAu4OE3FMSjliEIopUnEcoVfe1TD9s6vLQt_xtGb egs4hrdCBoCRBTw_wcB


Cease and desist letters seem to be used as a warning for infringements of copyright and intellectual property. Probable first step if SD are flexing their muscles.

[Ozyhibby]

.

[CropleyWasGod]

http://simply-docs.co.uk/Intellectual_Property_and_Confidentiality_Agreemen ts/Cease_and_Desist_letters?gclid=CjwKEAjwh8exBRDyyqq H9pvf1ncSJAAu4OE3FMSjliEIopUnEcoVfe1TD9s6vLQt_xtGb egs4hrdCBoCRBTw_wcB


Cease and desist letters seem to be used as a warning for infringements of copyright and intellectual property. Probable first step if SD are flexing their muscles.

I've asked him if that's what he means.

Not sure I expect a reply. He doesn't seem to like my questions. :greengrin

[greenginger]

I'm sure there was a couple of comments on that blog a short time ago. Now they are all deleted. :confused:

He must have pressed delete all button .

[poolman]

For the older people amongst us ...

1001 cleans a big big carpet for less than half a crown!


2/6d 😁

[steakbake]

You are right. The MSM would have reported it if it was true.

Honestly, I think the complete opposite. No chance. Jackson kind of broke ranks this week in asking about the investment and when it'll happen. Then the statement...

The main commentators in the media are either just as blinkered as your average Rangers fan, who think all is barry with the Warburton revolution - there's an increasing number though who are starting to hear the warning bells. Or they're too limited to imagine a world where lightning could strike twice on the club/company operating/playing at Ibrox. Or they have their own editorial agenda or personal game they need to play.

Chick Young was absolutely certain Rangers will be in the SPL next year. I hope he's as right about that as he was about Scotty Brown's name being "whispered in the corridors of power at Ibrox"

The last place I think we would hear about a ****storm at newco from, is in the Scottish media.

[HoboHarry]

How ferkin foolish is Craig Flannigan going to feel if the Huns go belly up? 😳

[HoboHarry]

Sadly not; the guy is spouting utter nonsense.

Can you explain what parts are nonsense and why please? I have no clue about the merits, or lack of them, in his blog but I am curious as to why they are "nonsense" ......

[Ozyhibby]

Did we ever replace him? Can't remember seeing anything.


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[Brunswickbill]

You are right. The MSM would have reported it if it was true.

In the main the SMSM don't to investigative journalism. They simply report yesterday's news that you can access on the web the day before.
They also regurgitate what is fed to them, like the Daily Sevco eulogies in the Herald.

While I'm on here can someone answer a query? Given that Sevco shares are not listed, would it be possible for someone to come along now and buy shares from willing sellers to take over the club?

[Ozyhibby]

In the main the SMSM don't to investigative journalism. They simply report yesterday's news that you can access on the web the day before.
They also regurgitate what is fed to them, like the Daily Sevco eulogies in the Herald.

While I'm on here can someone answer a query? Given that Sevco shares are not listed, would it be possible for someone to come along now and buy shares from willing sellers to take over the club?

I think so. It's just a bit trickier. I think that's their best hope of avoiding an insolvency event. It would need to be Ashley buying out everyone else as he is the only one with the cash.


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[greenginger]

I think so. It's just a bit trickier. I think that's their best hope of avoiding an insolvency event. It would need to be Ashley buying out everyone else as he is the only one with the cash.


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Yeah, but Ashley already owns a football club and was told by the SFA he was not allowed to buy a bigger stake in Sevco.

I think the SFA fined him £ 10,000 or something.

[greenginger]

http://lmmx.co.uk/companies/profile/rangers-international-foofball-club-plc/


Rangers shares can be traded on this site bringing together willing sellers with willing buyers.

Not been any business since August when 750,000 or so were bought. Hopefully that was Rangers First and Rangers Trust emptying their coffers and reducing any funds that might be used to pay the running costs at Sevco.

[Ozyhibby]

Yeah, but Ashley already owns a football club and was told by the SFA he was not allowed to buy a bigger stake in Sevco.

I think the SFA fined him £ 10,000 or something.

The SFA would change the offside rule if they thought it would help new Rangers.


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[Ozyhibby]

http://lmmx.co.uk/companies/profile/rangers-international-foofball-club-plc/


Rangers shares can be traded on this site bringing together willing sellers with willing buyers.

Not been any business since August when 750,000 or so were bought. Hopefully that was Rangers First and Rangers Trust emptying their coffers and reducing any funds that might be used to pay the running costs at Sevco.

I think Rangers First is only allowed to buy shares.


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[greenginger]

I think Rangers First is only allowed to buy shares.


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At the moment , but I think I read somewhere that there is a proposal to change their constitution and by January they will be allowed to make loans to the football club which will be converted into shares at a later date.

[CropleyWasGod]

Did we ever replace him? Can't remember seeing anything.


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Whae?

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[Billy Whizz]

Whae?

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Our strength and fitness coach, Craig Flannagan who recently joined Rangers

[Ronniekirk]

At the moment , but I think I read somewhere that there is a proposal to change their constitution and by January they will be allowed to make loans to the football club which will be converted into shares at a later date.

Yes that looks like the route they are going to have to go down and if that goes through they are working tirelessly behind the scenes to get supporters clubs on board
I am no expert on this but from fans I have spoken to that have seen them through to this stage they will get behind whatever it takes to get them through the season so unless there is some other game changing event to pull the rug out from under them ,they will do what it takes to get promoted and income streams will increase .

How they deal with Mike Ashley and what he wants in the medium to longer term I have no idea but at some point this has to sorted out but King seems content to leave that for now as he clearly isn't going to dip into his own pocket to do that

Unless we can secure first place I don't see them being derailed from this


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[CropleyWasGod]

Our strength and fitness coach, Craig Flannagan who recently joined Rangers

Cheers.

So many names, so many cowboys...

[Hibrandenburg]

https://johnjamessite.wordpress.com/2015/10/29/cease-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

No way, last time we lent out strips to a team from Glesca we never got them back. In fact they're still wearing them.

[Jim44]

Yes that looks like the route they are going to have to go down and if that goes through they are working tirelessly behind the scenes to get supporters clubs on board
I am no expert on this but from fans I have spoken to that have seen them through to this stage they will get behind whatever it takes to get them through the season so unless there is some other game changing event to pull the rug out from under them ,they will do what it takes to get promoted and income streams will increase .

How they deal with Mike Ashley and what he wants in the medium to longer term I have no idea but at some point this has to sorted out but King seems content to leave that for now as he clearly isn't going to dip into his own pocket to do that

Unless we can secure first place I don't see them being derailed from this


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This is the bottom line. The progress and dominance of the team and the near certainty that they will get promotion won't be squandered. Money will come from somewhere to see them back in the Scottish Premiership. As for King and cronies, Green and Whyte and Mike Ashley, their circus will continue to entertain.

[Onceinawhile]

No way, last time we lent out strips to a team from Glesca we never got them back. In fact they're still wearing them.

Hahaha.

[JimBHibees]

No way, last time we lent out strips to a team from Glesca we never got them back. In fact they're still wearing them.

Also didnt return the players that were inside the strips also. :greengrin

[Ozyhibby]

This is the bottom line. The progress and dominance of the team and the near certainty that they will get promotion won't be squandered. Money will come from somewhere to see them back in the Scottish Premiership. As for King and cronies, Green and Whyte and Mike Ashley, their circus will continue to entertain.

It never came last time?
It's a lot of money they need and it will take some time for those fans groups to get permission to use the cash they have (not enough anyway) for working capital.
All the will in the world won't trump arithmetic. They need someone to give them free cash that won't be returned and will offer nothing as security. And there is a good chance that all of it will go to Charles Green's lawyers or Mike Ashley.
They could go to the fans but they would then have to admit the trouble they were in and outline a credible plan to get out of it. And the fans won't be keen if they think it's going to Ashley or Green.
This could all end today if someone comes forward with the cash.


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[brog]

In the main the SMSM don't to investigative journalism. They simply report yesterday's news that you can access on the web the day before.
They also regurgitate what is fed to them, like the Daily Sevco eulogies in the Herald.

While I'm on here can someone answer a query? Given that Sevco shares are not listed, would it be possible for someone to come along now and buy shares from willing sellers to take over the club?

Em, I'm pretty sure PatHead was being gently ironic with his comments about the MSM. As we know most Scottish reporters would struggle to find their own erchie in a darkened room never mind actually investigate Sevco!

[grunt]

Amusing little exchange on Twitter. Greenslade in the Guardian reported on the Daily Record here
http://www.theguardian.com/media/greenslade/2014/aug/06/daily-record-rangers


Daily Record football writers were stenographers for spin-doctors


Here's the Daily Record on Craig Whyte in November 2010: (http://www.dailyrecord.co.uk/sport/football/craig-whyte-profile-the-scots-billionaire-1076110)
"Financial whizzkid Craig Whyte stands on the brink of pulling off the biggest deal of his life...
Record Sport understands self-made billionaire Whyte has entered into the final stages of negotiations to buy control of the club he loves from Sir David Murray...
A deal worth around £30million is now believed to have reached such an advanced stage that sources say Whyte, a high-roller who splits his time between a home in London and the idyllic Castle Grant in Grantown-on-Spey, could even have the keys to Ibrox in time to fund a major refurbishment of Walter Smith's top-team squad in January...
By the age of 26, Whyte was already Scotland's youngest self-made millionaire. Now, 13 years on, and in charge of a vast business empire, his wealth is off the radar."

Here's the Daily Record on Craig Whyte in October 2012: (http://www.dailyrecord.co.uk/news/scottish-news/the-whyte-files-private-investigation-revealed-1407428)
"A private investigation commissioned for Rangers (http://www.theguardian.com/football/rangers) showed Craig Whyte had a record of tax avoidance, failed companies and double dealings – before he was sold Sir David Murray's majority shareholding...
The report, prepared by private investigators Titon, described Monaco-based Whyte as a 'fuyant' – French slang for an evader or manipulator.
It warned there was no evidence to back claims circulated by Whyte's spin doctors that he was a billionaire with plenty of cash to finance Rangers.
In fact, it said, there was no evidence he was even a multi-millionaire. The report talks of "the questionable source and extent of his reported wealth".

And here's the Daily Record on Craig Whyte in August 2014: (http://www.dailyrecord.co.uk/sport/football/football-news/ex-rangers-owner-craig-whyte-being-3992415)
"The taxman was chasing Craig Whyte for £3.7million before he took over Rangers. HMRC focused on Whyte's personal finances and made several failed attempts to get him to pay his dues before, during and after his catastrophic reign at Ibrox...
Documents seen by the Record show:
* The authorities instructed debt enforcers to chase Whyte with a bill for almost £4million and threaten him with bankruptcy in May 2011, the same month that he bought Rangers...
* Yet when he struck the notorious deal with Ticketus for funds to finance his Rangers takeover, he gave the firm a personal guarantee he was worth nearly £33million...
At the same time he was able to run up a further £15million in unpaid taxes and penalties during his nine months in charge of Rangers.
Whyte had bought Rangers for £1 from Sir David Murray in May 2011, while agreeing to wipe out the club's £18million debts...
A sizeable proportion of Rangers fans still hold Murray at least partly responsible for the club's demise, arguing he should not have sold to Whyte, whose reputation had already been questioned."

Perhaps the fans should be holding the Record to blame as well. When the paper was reporting on Whyte's hyped wealth it failed to mention the fact that serious questions were being asked in the blogosphere about the veracity of his claims.
How could the Record know that Whyte was a billionaire with "a vast business empire" and wealth "off the radar"? And when it did know otherwise, why did it take so long to inform Rangers' fans? And why no apology to its readers?
Note that 2012 reference to spin-doctors, as if it was all their fault rather than that of the paper's journalists for accepting what they were told without checking.
The age-old problem of sports reporting was the willingness of journalists to act like "fans with typewriters" (or, nowadays, fans with laptops).
The reporting of the Rangers' saga over the past five years has been a classic example of reporters being no more than stenographers for PRs offering them stories they didn't care to verify.





Asked for his comment, Keith Jackson replied
it's a disgusting piece written by a man with a highly dubious agenda.

[Ozyhibby]

Only idiots buy the Daily Record. It's a Rangers fanzine.


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[Lucius Apuleius]

Only idiots buy the Daily Record. It's a Rangers fanzine.


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Not disagreeing but every hun I know think it is a celtc paper

[Ozyhibby]

Not disagreeing but every hun I know think it is a celtc paper

They think it's still the same club. [emoji23]


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[Spike Mandela]

Amusing little exchange on Twitter. Greenslade in the Guardian reported on the Daily Record here
http://www.theguardian.com/media/greenslade/2014/aug/06/daily-record-rangers


Asked for his comment, Keith Jackson replied

When the 'journalist' becomes the story it's all over. Nobody surely takes Keith Jackson seriously any more?

His twitter feed is hilarious. Claims he has redeemed himself since his puff piece and that he is only guilty of trusting his editor are the signs of a desperately delusional man.

Anyone still daft enough to read the Record for indepth analysis from back to front page deserve all the misinformation they get.

[Ozyhibby]

https://johnjamessite.wordpress.com/2015/10/30/conflict-of-interests/


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[grunt]

https://johnjamessite.wordpress.com/2015/10/30/conflict-of-interests/


Sent from my iPhone using TapatalkHis posts become more bizarre with each passing day. Would there really be a conflict of interests through a PR agency handling a football club and a betting organisation who wasn't the football club's sponsors? Really? And as for his thoughts on accounting policies ...

[CropleyWasGod]

His posts become more bizarre with each passing day. Would there really be a conflict of interests through a PR agency handling a football club and a betting organisation who wasn't the football club's sponsors? Really? And as for his thoughts on accounting policies ...
Are you able to challenge him ?

Every time I try, my posts disappear.



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[grunt]

Are you able to challenge him ?
Every time I try, my posts disappear.

Sent from my GT-I9505 using TapatalkNo I just come on here and criticise from the relative safety of hibs.net.

[greenginger]

Philmac back with a new piece,


http://www.philmacgiollabhain.ie/a-thwarted-emissary/

According to Phil they've been down to Ashley HQ with the begging bowl, but got told to do one . :greengrin:greengrin:greengrin

[Brunswickbill]

Wings over Scotland getting in on the act. http://wingsoverscotland.com/the-missing-paragraph/#more-77565

[brog]

His posts become more bizarre with each passing day. Would there really be a conflict of interests through a PR agency handling a football club and a betting organisation who wasn't the football club's sponsors? Really? And as for his thoughts on accounting policies ...

It's not specifically a conflict of interest but I can see where he's coming from. I'm assuming Sevco were Level 5's biggest client until now & 32 Red may be stepping in to that role. It's possible 32 Red would not have entered into the contract with Level 5 if that company's biggest client was still promoting a rival organisation. Why anyone would pay Traynor good money is however beyond my comprehension regardless of any competing interests!
PS, Level 5's website is interesting though sparse. Their main achievement seems to be boasting about how luxurious their offices are & filling the website with pix of chairs & more chairs! I would not have thought that the best way to convince clients to part with their hard-earned!

[CropleyWasGod]

Philmac back with a new piece,


http://www.philmacgiollabhain.ie/a-thwarted-emissary/

According to Phil they've been down to Ashley HQ with the begging bowl, but got told to do one . :greengrin:greengrin:greengrin
It must be easy to spot the main players in all of this. They are surrounded by bloggers and their stringers :)

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[Keith_M]

https://johnjamessite.wordpress.com/2015/10/29/cease-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin


"Mr Lewis is without peer in sports tort litigation."

What's a 'sports tort'?

[CropleyWasGod]

"Mr Lewis is without peer in sports tort litigation."

What's a 'sports tort'?
It's like a game pie, but sweeter.

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[Scorrie]

It's like a game pie, but sweeter.

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😂😂

[Ozyhibby]

http://images.tapatalk-cdn.com/15/10/30/5abfb009b000d06d8b1d5bfd5087f6c8.jpg

This is the intellectual property that Ashley owns. If, as alleged, he stops them using it, it's going to be hilarious watching them try to keep the same club nonsense going when they have a new name and new badge. [emoji23]


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[grunt]

Statement by Rangers FC on funding http://rangers.co.uk/news/headlines/update-on-funding/


After careful consideration the Board has determined that it is not appropriate to proceed with a share issue and listing on the ISDX market until the criminal proceedings being brought against Charles Green, Imran Ahmed, Craig Whyte and others are concluded.

The Board is satisfied that from a financial perspective there is no short term requirement for the funding that would have flowed from a share issue and that any funds that may be required for the Group will be made available as and when required from the existing shareholder / lenders.

Dave King, Douglas Park, George Letham and George Taylor have reaffirmed their commitment to making further loan facilities available to Rangers International Football Club PLC (RIFC) on the same no fees and no interest basis as the existing loan facilities and have also confirmed the continuation of the existing facilities which they are providing to RIFC on the same basis.

The facilities to be made available more than cover the projected shortfall for this Season and beyond. The Board further understand that additional facilities can be made available as and when required for investment in the team. Any such investment will be reviewed on a case by case basis in accordance with prior statements.

The Group’s accounts will be circulated to shareholders for approval in the next few days.

The lenders have indicated that, at an appropriate juncture, they would be prepared to convert their loans into share capital. To facilitate this, a resolution will be presented to the AGM to permit shares to be issued by RIFC on a non pre-emptive basis. The Board would like to see this resolution passed but this is not a condition of funding being made available. The resolution will be a special resolution and would require the support of 75% of those shareholders voting at the AGM. The Board recognises that funding of the sort being provided by its shareholder / lenders would more naturally be made available as an equity investment and believes it would be in the best interests of RIFC’s shareholders if the loans could be converted.

[CropleyWasGod]

Statement by Rangers FC on funding http://rangers.co.uk/news/headlines/update-on-funding/

My guess would be that this (both the new loans, and the subsequent statement) have been prompted by the auditors. Without the finance, and the public commitment to it, the auditors might have been forced into qualifying the accounts.

That said, the accounts themselves will be interesting.

[Jim44]

Statement by Rangers FC on funding http://rangers.co.uk/news/headlines/update-on-funding/

I wonder how johnjames and philmagobin will argue away that information. It pains me to say it but they don't sound like a club about to go into administration to me. In fact, they announced earlier today that they will sign five new players in January.

[grunt]

In fact, they announced earlier today that they will sign five new players in January.
Thought it was "no more than two".

[HoboHarry]

I wonder how johnjames and philmagobin will argue away that information. It pains me to say it but they don't sound like a club about to go into administration to me. In fact, they announced earlier today that they will sign five new players in January.

Wouldn't read too much into that. They could also be planning on letting 5 go but they wouldn't announce that at this stage.

[HoboHarry]

My guess would be that this (both the new loans, and the subsequent statement) have been prompted by the auditors. Without the finance, and the public commitment to it, the auditors might have been forced into qualifying the accounts.

That said, the accounts themselves will be interesting.

Out of curiosity, if they did manage to land a wad of cash would Charlie boy not be justified in asking for it to be ring fenced for his court case?

[Jim44]

Thought it was "no more than two".

King says five but the breadman says fewer.

[grunt]

King says five but the breadman says fewer.

Ah, ok.

[Haymaker]

I wonder how johnjames and philmagobin will argue away that information. It pains me to say it but they don't sound like a club about to go into administration to me. In fact, they announced earlier today that they will sign five new players in January.

Didn't they sign some old boy like 2days before the old club died?

[CropleyWasGod]

Out of curiosity, if they did manage to land a wad of cash would Charlie boy not be justified in asking for it to be ring fenced for his court case?

He would be daft not to :)

That's what Ahmad tried to do.

I think it's also possible that, when the case is heard, there is no decision, ie the case is deferred to a later date. In that event, the judge/sheriff might order that £x is set aside in an account pending the outcome of the case.

[HoboHarry]

He would be daft not to :)

That's what Ahmad tried to do.

I think it's also possible that, when the case is heard, there is no decision, ie the case is deferred to a later date. In that event, the judge/sheriff might order that £x is set aside in an account pending the outcome of the case.
What do make of the first paragraph of the Rangers statement. If they are waiting until the court cases are concluded then that could be years away no?

[CropleyWasGod]

What do make of the first paragraph of the Rangers statement. If they are waiting until the court cases are concluded then that could be years away no?

I'm reading that in conjunction with the later paragraphs.

To me, it says that.... actually... they realise that they have no chance of raising finance externally, so they're as well doing it internally. (The Court cases, whilst relevant, are a convenient excuse.) That funding will be converted to shares if they get their way. In other words, it sounds like a complete change of plan.

That might get them through this season, but not sure how it will play out in the medium term. They might have to consider... gasp.... restricting spending to the amount of their income.

[PatHead]

:greengrin


Em, I'm pretty sure PatHead was being gently ironic with his comments about the MSM. As we know most Scottish reporters would struggle to find their own erchie in a darkened room never mind actually investigate Sevco!

[Jack]

My guess would be that this (both the new loans, and the subsequent statement) have been prompted by the auditors. Without the finance, and the public commitment to it, the auditors might have been forced into qualifying the accounts.

That said, the accounts themselves will be interesting.

Would it be upto the auditors to ensure that any such statement was backed up with actual funding or would it be enough to take it on face value? Baring in mind the Lying King does have previous for financial shenanigans.

In a devastating judgment, the court said King "has no respect for the truth and does not hesitate to lie ... if he thinks it will be to his advantage.

"He is a mendacious witness whose evidence should not be accepted on any issue unless it is supported by objective evidence.

"In our assessment he is a glib and shameless liar."

[Ozyhibby]

Would it be upto the auditors to ensure that any such statement was backed up with actual funding or would it be enough to take it on face value? Baring in mind the Lying King does have previous for financial shenanigans.

In a devastating judgment, the court said King "has no respect for the truth and does not hesitate to lie ... if he thinks it will be to his advantage.

"He is a mendacious witness whose evidence should not be accepted on any issue unless it is supported by objective evidence.

"In our assessment he is a glib and shameless liar."

That was my first thought. Statement leaves more questions than answers.



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[CropleyWasGod]

Would it be upto the auditors to ensure that any such statement was backed up with actual funding or would it be enough to take it on face value? Baring in mind the Lying King does have previous for financial shenanigans.

In a devastating judgment, the court said King "has no respect for the truth and does not hesitate to lie ... if he thinks it will be to his advantage.

"He is a mendacious witness whose evidence should not be accepted on any issue unless it is supported by objective evidence.

"In our assessment he is a glib and shameless liar."

The auditors need to be satisfied that there is sufficient funding to enable the company to continue as a going concern for 12 months.

They will be aware of King's record, and should be sceptical of statements that aren't backed up by solid evidence.

They would need to see evidence of that funding.... such as forecasts, and signed undertakings from the people mentioned. The fact that they also put out a public statement... making it a bit more difficult to back out...will help.

[HoboHarry]

The auditors need to be satisfied that there is sufficient funding to enable the company to continue as a going concern for 12 months.

They will be aware of King's record, and should be sceptical of statements that aren't backed up by solid evidence.

They would need to see evidence of that funding.... such as forecasts, and signed undertakings from the people mentioned. The fact that they also put out a public statement... making it a bit more difficult to back out...will help.
Not sure about the making it public part. Really do believe that King wouldn't lose a minutes sleep if they went belly up.

[jacomo]

So King and his gang are looking to increase their shareholding? Is this code for buy Mike Ashley out?

Or are they offering their own stake to Ashley in return for money now?

Mind you, he can't do that without getting a ticking off and request for some loose change from the SFA.

[Jim44]

So King and his gang are looking to increase their shareholding? Is this code for buy Mike Ashley out?

Or are they offering their own stake to Ashley in return for money now?

Mind you, he can't do that without getting a ticking off and request for some loose change from the SFA.

He has already been fined £10k for taking an illegal (more than 10% ?) 'share' in Sevco. Was that 'punishment' a slap over the knuckles and a carte blanche to carry on regardless or did he have to surrender/reduce his holding? If he re-offends, will he once again just toss a few peanuts to the SFA and ignore their rules or could he be hit with a more significant sanction?

[AndyM_1875]

He has already been fined £10k for taking an illegal (more than 10% ?) 'share' in Sevco. Was that 'punishment' a slap over the knuckles and a carte blanche to carry on regardless or did he have to surrender/reduce his holding? If he re-offends, will he once again just toss a few peanuts to the SFA and ignore their rules or could he be hit with a more significant sanction?

Ashley's share is less than 9%. Until he sells NUFC he can't move on Rangers.
He owns rights over the trademarks and has a soft loan of £5m outstanding but in truth he's quite restricted as to what he can do. If however he punts the sinking Magpies then he could increase his shareholding.

[Keith_M]

He has already been fined £10k for taking an illegal (more than 10% ?) 'share' in Sevco. Was that 'punishment' a slap over the knuckles and a carte blanche to carry on regardless or did he have to surrender/reduce his holding? If he re-offends, will he once again just toss a few peanuts to the SFA and ignore their rules or could he be hit with a more significant sanction?


That wasn't for the percentage of his shareholding, it was for exercising effective control of the club though his representatives on the board.

[Iain G]

My guess would be that this (both the new loans, and the subsequent statement) have been prompted by the auditors. Without the finance, and the public commitment to it, the auditors might have been forced into qualifying the accounts.

That said, the accounts themselves will be interesting.

Did the four of them all go get wonga loans to cover the shortfall?!

[Ozyhibby]

Ashley's share is less than 9%. Until he sells NUFC he can't move on Rangers.
He owns rights over the trademarks and has a soft loan of £5m outstanding but in truth he's quite restricted as to what he can do. If however he punts the sinking Magpies then he could increase his shareholding.

Newcastle make more profit than Sevco make turnover.


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[Spike Mandela]

I wonder how johnjames and philmagobin will argue away that information. It pains me to say it but they don't sound like a club about to go into administration to me. In fact, they announced earlier today that they will sign five new players in January.

http://www.philmacgiollabhain.ie/the-credulous-and-the-cowardly/

[grunt]

http://www.philmacgiollabhain.ie/the-credulous-and-the-cowardly/I don't understand why someone from the press doesn't just go and interview the Rangers Directors to ask for confirmation or denial of his claims.

[jacomo]

http://www.philmacgiollabhain.ie/the-credulous-and-the-cowardly/

Or in other words...

'Er, someone should investigate this. Ken how things went wrong for Rangers last time?'

Not quite the fearless dissection of the statement some might have expected.

[NAE NOOKIE]

http://images.tapatalk-cdn.com/15/10/30/5abfb009b000d06d8b1d5bfd5087f6c8.jpg

This is the intellectual property that Ashley owns. If, as alleged, he stops them using it, it's going to be hilarious watching them try to keep the same club nonsense going when they have a new name and new badge. [emoji23]


Sent from my iPhone using Tapatalk

New strip ..... Blue with Orange sash ... in the style of River Plate.

New badge ..... White horse with mounted 17th century king.

New club motto ..... No Surrender.

It'll sell millions :greengrin

[Springbank]

New strip ..... Blue with Orange sash ... in the style of River Plate.

New badge ..... White horse with mounted 17th century king.

New club motto ..... No Surrender.

It'll sell millions :greengrin


Fits with the Old Firm ethos

Why waste energy being forward thinking when there's easy money to be had being Yesterday's Pizza

[Keith_M]

New strip ..... Blue with Orange sash ... in the style of River Plate.

New badge ..... White horse with mounted 17th century king.

New club motto ..... No Surrender.

It'll sell millions :greengrin


Considering these are the same supporters that all dressed in orange for a Cup Final then pretended it was a tribute to their Dutch Manager, I think you could be right.

[Hibs07p]

Another latest blog re the statement.

https://johnjamessite.wordpress.com/2015/10/31/a-spoiler-statement-from-a-shyster-board/

GGTTH

[Baldy Foghorn]

Another latest blog re the statement.

https://johnjamessite.wordpress.com/2015/10/31/a-spoiler-statement-from-a-shyster-board/

GGTTH

Damning stuff....

[HoboHarry]

Another latest blog re the statement.

https://johnjamessite.wordpress.com/2015/10/31/a-spoiler-statement-from-a-shyster-board/

GGTTH

I really cannot recall such a blistering attack on the regime at that toxic club, whether it be the old or the new version. I really am struggling with the concept of them not having the badge on their shirts tomorrow but if it does come to pass then that should waken up even the most moronic elements of their support.

[CropleyWasGod]

Another latest blog re the statement.

https://johnjamessite.wordpress.com/2015/10/31/a-spoiler-statement-from-a-shyster-board/

GGTTH
The C&D "interdict " has been downgraded to a "warning". Someone [emoji6] must have had a word.

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[brog]

I wonder how johnjames and philmagobin will argue away that information. It pains me to say it but they don't sound like a club about to go into administration to me. In fact, they announced earlier today that they will sign five new players in January.

You mean you prefer to believe the glib & shameless liar who hasn't delivered on one promise so far? King has survived & prospered as a con man by being a plausible liar. I'm not sure there's any statement of his I would take at face value.

[Keith_M]

I really cannot recall such a blistering attack on the regime at that toxic club, whether it be the old or the new version. I really am struggling with the concept of them not having the badge on their shirts tomorrow but if it does come to pass then that should waken up even the most moronic elements of their support.


I would love it!


15584

[Hibs07p]

Damning stuff....


I really cannot recall such a blistering attack on the regime at that toxic club, whether it be the old or the new version. I really am struggling with the concept of them not having the badge on their shirts tomorrow but if it does come to pass then that should waken up even the most moronic elements of their support.


The C&D "interdict " has been downgraded to a "warning". Someone [emoji6] must have had a word.

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Is it possible that King has been, or is about to be, sacrificed, before either, current shareholders provide fresh loans, or, MA possibly releases the 2nd £5M loan, ie, are the 3 bears and MA working together to get rid of King? I know SFA about finance, but, what are the possible consequences if the C&D warning is ignored?

GGTTH

[HoboHarry]

Is it possible that King has been, or is about to be, sacrificed, before either, current shareholders provide fresh loans, or, MA possibly releases the 2nd £5M loan, ie, are the 3 bears and MA working together to get rid of King? I know SFA about finance, but, what are the possible consequences if the C&D warning is ignored?

GGTTH

I think that's what john James is suggesting - that the soft loans are in conjunction with the clipping of Kings wings....

[Keith_M]

The funny thing is that no one connected with Rangers, or anyone in the press, has at any point considerd the answer to their financial problems could be to live within their means.

Instead of firefighting the costs with 'emergency' loans and attempts to sell more shares, how about stopping spending so much?

[Ozyhibby]

I really cannot recall such a blistering attack on the regime at that toxic club, whether it be the old or the new version. I really am struggling with the concept of them not having the badge on their shirts tomorrow but if it does come to pass then that should waken up even the most moronic elements of their support.

There is no way King will take the badges of the jerseys until compelled to by a court. It's too massive a move and would finish him with the fans. Remember if they comply with the alleged letter then it means stopping themselves being called Rangers. They would need to notify the league and Broadcasters etc.
they will def have the normal strips on Sunday.
If this happens we will know about it well in advance because it will happen in court.


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[HoboHarry]

There is no way King will take the badges of the jerseys until compelled to by a court. It's too massive a move and would finish him with the fans. Remember if they comply with the alleged letter then it means stopping themselves being called Rangers. They would need to notify the league and Broadcasters etc.
they will def have the normal strips on Sunday.
If this happens we will know about it well in advance because it will happen in court.


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I agree with what you say and in fairness all of this is ifs buts and maybes. However, if he chooses to go to court then it's more lost money that they cannot afford.

[PatHead]

Another latest blog re the statement.

https://johnjamessite.wordpress.com/2015/10/31/a-spoiler-statement-from-a-shyster-board/

GGTTH

Don't think he likes King somehow. I just don't know why.

[Mikey09]

The auditors need to be satisfied that there is sufficient funding to enable the company to continue as a going concern for 12 months.

They will be aware of King's record, and should be sceptical of statements that aren't backed up by solid evidence.

They would need to see evidence of that funding.... such as forecasts, and signed undertakings from the people mentioned. The fact that they also put out a public statement... making it a bit more difficult to back out...will help.


But he's fit and proper CWG?? SFA said so...

[Jim44]

But he's fit and proper CWG?? SFA said so...

........ and whose considered opinion should carry more weight? A judge in a court of law or a panel of old farts in SFA blazers.:greengrin

[CropleyWasGod]

They're wearing the badges.

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[HoboHarry]

They're wearing the badges.

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I kind of expected them to wear them. We should find out pretty soon if they had permission. Here's hoping..... :wink:

[Keith_M]

They're wearing the badges.

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I kind of expected them to wear them. We should find out pretty soon if they had permission. Here's hoping..... :wink:


Agree. I think it's such a big matter that it would have taken Legal Action before they gave in.

[HoboHarry]

New blog from Phil Mac....

http://www.philmacgiollabhain.ie/the-enemies-of-rifc/

[brog]

New blog from Phil Mac....

http://www.philmacgiollabhain.ie/the-enemies-of-rifc/


Any idea who he is referring to as The Prophet? If it's true that Park etc were not advised of the PR release in advance then there's going to be a stramash! Lovely!

[CropleyWasGod]

Any idea who he is referring to as The Prophet? If it's true that Park etc were not advised of the PR release in advance then there's going to be a stramash! Lovely!
I know it's wrong to rely on these blogs, but I'm sure an earlier one said that at least one of the 3 Bears had refused to put anything else in. That's one of the reasons the latest announcement surprised me.

I'm still clinging to the notion that the auditors are driving this.

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[Ozyhibby]

Any idea who he is referring to as The Prophet? If it's true that Park etc were not advised of the PR release in advance then there's going to be a stramash! Lovely!

Chris Graham.
The Prophet part is alluding to his love of cartoons of the Prophet Mohamed. [emoji3]


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[Ozyhibby]

Statement from Sons of Struth
----------------------------------

I think its time we concentrated on the dealings of Mike Ashley and his Sports Direct empire and their attempts to destabilise our club.
Those with even a casual interest in the boardroom shenanigans at Ibrox will be well aware of his previous maneuvers to secure our stadium, buy naming rights of it for £1.00, bully our board to reject Kings investment in favour of his loans (highlighted by my leaked Somers email) and control our boardroom with less than 10% of a stake holding.
As I have said previously, having business partners make a profit is no bad thing however when every dealing he has with our club is so heavily stacked in his favour then this can no longer be tolerated.
Our club has been ransacked enough by illegal methods in the past that to sit back and let borderline legal actions carry on unchallenged is unthinkable.
With the latest accounts due out any day now I am willing to guess we wont see much difference from the 75p from every £10 spent by fans on merchandise that the last set highlighted.
Dave King released a hard hitting statement giving fans an insight in to how Ashley has treated our club and the lengths he has gone to curtail recovery of our clubs financial position.
I believe that this is Ashleys reaction to his control aspirations being scuppered by fans, King and the three bears who between them contrived to derail his master plan.
He got out pokered by groups of people who cared more for the club and true to form he cant forgive.
He is showing the classic behaviour of the child in the playground crying "its ma baw" but on a much grander scale.
Rangers fans have stood up in numbers against bullys and their tactics before and triumphed. We have the numbers to do it again.
Every single fan who still considers spending money on merchandise simply has to stop and think of who and why they are giving their money to. The argument that the club still makes something is wearing thin and we would actually profit more as a club from fans buying a couple of programmes or five pounds worth of Rangers Lotto tickets than buying a jersey.
We are hopefully now long past the stage were a small number of fans believed Ashley was the man to take us forward and those who confused the Rangers fans with tales of tens of millions of investment and Ashley wants us in europe have been successfully outed and shown for what they are worth. The fans who believed these tales are exonerated as they only believed the lies of some serial liars.
Any fans who still harbour thoughts that Ashley may not be a bad guy would be well advised to keep their eyes and ears opened for the next few days and weeks as we find out more about Ashley and his actions.
Ashley only wants one thing and thats our blue pounds, to give them up easily serves no purpose in the long term recovery of our club. We need a profitable merchandise agreement and partners who understand the importance of fairly constructed agreements.
If you dont have enough facts to convince you now then I am confident you will have plenty more by the end of the week.
Is it time to take our feelings to the streets and high streets again? I believe it is, just let me know how you feel.

--------------------------------

Above is a statement from top blazer chasers, the Sons of Struth.
Looks like the board have prepared them for a coming PR war with Ashley.



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[jodjam]

Fair play to hibs yesterday. Our win saved their directors paying out another win bonus

[Alan62]

Mr Struth should have kept a closer eye on his Sons. It certainly reads like they didn't spend an awful lot of time in English class at school.

[HoboHarry]

Jesus Christ - I hope the board didn't approve this statement. Looks like it was written by a teenager lol. Bunch of illiterates.....

Mike Ashley must be in fits of laughter......

[DaveF]

Jesus Christ - I hope the board didn't approve this statement. Looks like it was written by a teenager lol. Bunch of illiterates.....

Mike Ashley must be in fits of laughter......

You have to remember it's aimed at trackie wearing, buckie swilling fan dans whose only talent is hitting a drum every July. Pitched perfectly I thought :agree:

[Jack Hackett]

Jesus Christ - I hope the board didn't approve this statement. Looks like it was written by a teenager lol. Bunch of illiterates.....

Mike Ashley must be in fits of laughter......


I wonder if it's the guy from 0:40s in
https://youtu.be/pmGjiokfQ2A

"See the queen, she brings in £20m from tourism...If it wuznae fur hur, we'd aw be livin on £10 giros"

[Ozyhibby]

I felt a bit bad for laughing at that. Seems almost cruel.


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[Bostonhibby]

Statement from Sons of Struth
----------------------------------

I think its time we concentrated on the dealings of Mike Ashley and his Sports Direct empire and their attempts to destabilise our club.
Those with even a casual interest in the boardroom shenanigans at Ibrox will be well aware of his previous maneuvers to secure our stadium, buy naming rights of it for £1.00, bully our board to reject Kings investment in favour of his loans (highlighted by my leaked Somers email) and control our boardroom with less than 10% of a stake holding.
As I have said previously, having business partners make a profit is no bad thing however when every dealing he has with our club is so heavily stacked in his favour then this can no longer be tolerated.
Our club has been ransacked enough by illegal methods in the past that to sit back and let borderline legal actions carry on unchallenged is unthinkable.
With the latest accounts due out any day now I am willing to guess we wont see much difference from the 75p from every £10 spent by fans on merchandise that the last set highlighted.
Dave King released a hard hitting statement giving fans an insight in to how Ashley has treated our club and the lengths he has gone to curtail recovery of our clubs financial position.
I believe that this is Ashleys reaction to his control aspirations being scuppered by fans, King and the three bears who between them contrived to derail his master plan.
He got out pokered by groups of people who cared more for the club and true to form he cant forgive.
He is showing the classic behaviour of the child in the playground crying "its ma baw" but on a much grander scale.
Rangers fans have stood up in numbers against bullys and their tactics before and triumphed. We have the numbers to do it again.
Every single fan who still considers spending money on merchandise simply has to stop and think of who and why they are giving their money to. The argument that the club still makes something is wearing thin and we would actually profit more as a club from fans buying a couple of programmes or five pounds worth of Rangers Lotto tickets than buying a jersey.
We are hopefully now long past the stage were a small number of fans believed Ashley was the man to take us forward and those who confused the Rangers fans with tales of tens of millions of investment and Ashley wants us in europe have been successfully outed and shown for what they are worth. The fans who believed these tales are exonerated as they only believed the lies of some serial liars.
Any fans who still harbour thoughts that Ashley may not be a bad guy would be well advised to keep their eyes and ears opened for the next few days and weeks as we find out more about Ashley and his actions.
Ashley only wants one thing and thats our blue pounds, to give them up easily serves no purpose in the long term recovery of our club. We need a profitable merchandise agreement and partners who understand the importance of fairly constructed agreements.
If you dont have enough facts to convince you now then I am confident you will have plenty more by the end of the week.
Is it time to take our feelings to the streets and high streets again? I believe it is, just let me know how you feel.

--------------------------------

Above is a statement from top blazer chasers, the Sons of Struth.
Looks like the board have prepared them for a coming PR war with Ashley.



Sent from my iPhone using Tapatalk

Oh dear, someone surely must have made this up as a piss take - You'd expect them to at least take a stab at using their queens English bearing in mind how important all of that sort of thing is to them. They could have got a grown up to check it first.

If there is genuinely a financial or legal battle coming it will be in arenas where statements like this are from a bygone era and will be ignored by the main players.

One of the consequences of being trapped in the late 17th century is that this type of "rallying call" is only really going to appeal to a pre existing audience of supporters of the now defunct Glasgow rangers - they couldn't really do much about it last time and now they are taking on a serious businessman in Mike Ashley who will only do what he wants rather than something that a group like this feel they can influence.

Out of their depth. The Black Knight in Monty Pythons' Holy Grail springs to mind. https://www.youtube.com/watch?v=2eMkth8FWno

[brog]

Chris Graham.
The Prophet part is alluding to his love of cartoons of the Prophet Mohamed. [emoji3]


Sent from my iPhone using Tapatalk

Thanks! Is CG still involved with Sevco then?

[greenginger]

Thanks! Is CG still involved with Sevco then?


http://www.therst.co.uk/about/our-board/

That's the same Chris Graham on the rangers Supporters Trust board.


also , did you get the bit on Phil's blog about needing an earnest young chap ?

Maybe someone from Ernst Young insolvency department. :greengrin

[Stax]

Statement from Sons of Struth
----------------------------------

I think its time we concentrated on the dealings of Mike Ashley and his Sports Direct empire and their attempts to destabilise our club.
Those with even a casual interest in the boardroom shenanigans at Ibrox will be well aware of his previous maneuvers to secure our stadium, buy naming rights of it for £1.00, bully our board to reject Kings investment in favour of his loans (highlighted by my leaked Somers email) and control our boardroom with less than 10% of a stake holding.
As I have said previously, having business partners make a profit is no bad thing however when every dealing he has with our club is so heavily stacked in his favour then this can no longer be tolerated.
Our club has been ransacked enough by illegal methods in the past that to sit back and let borderline legal actions carry on unchallenged is unthinkable.
With the latest accounts due out any day now I am willing to guess we wont see much difference from the 75p from every £10 spent by fans on merchandise that the last set highlighted.
Dave King released a hard hitting statement giving fans an insight in to how Ashley has treated our club and the lengths he has gone to curtail recovery of our clubs financial position.
I believe that this is Ashleys reaction to his control aspirations being scuppered by fans, King and the three bears who between them contrived to derail his master plan.
He got out pokered by groups of people who cared more for the club and true to form he cant forgive.
He is showing the classic behaviour of the child in the playground crying "its ma baw" but on a much grander scale.
Rangers fans have stood up in numbers against bullys and their tactics before and triumphed. We have the numbers to do it again.
Every single fan who still considers spending money on merchandise simply has to stop and think of who and why they are giving their money to. The argument that the club still makes something is wearing thin and we would actually profit more as a club from fans buying a couple of programmes or five pounds worth of Rangers Lotto tickets than buying a jersey.
We are hopefully now long past the stage were a small number of fans believed Ashley was the man to take us forward and those who confused the Rangers fans with tales of tens of millions of investment and Ashley wants us in europe have been successfully outed and shown for what they are worth. The fans who believed these tales are exonerated as they only believed the lies of some serial liars.
Any fans who still harbour thoughts that Ashley may not be a bad guy would be well advised to keep their eyes and ears opened for the next few days and weeks as we find out more about Ashley and his actions.
Ashley only wants one thing and thats our blue pounds, to give them up easily serves no purpose in the long term recovery of our club. We need a profitable merchandise agreement and partners who understand the importance of fairly constructed agreements.
If you dont have enough facts to convince you now then I am confident you will have plenty more by the end of the week.
Is it time to take our feelings to the streets and high streets again? I believe it is, just let me know how you feel.

--------------------------------

Above is a statement from top blazer chasers, the Sons of Struth.
Looks like the board have prepared them for a coming PR war with Ashley.



Sent from my iPhone using Tapatalk
What an articulate statement, I wouldn't be surprised if that wasn't ghost written by Keith Jackson, the writing is that sublime...

[jacomo]

I felt a bit bad for laughing at that. Seems almost cruel.


Sent from my iPhone using Tapatalk

Sons of Struth statement is unbelievably thick.

When your club is in financial trouble, what do you do? Oh aye...

'Hey, Mister Bullionaire share holder? How d'ya like ma insults and petty threats, aye?'

Dave King thinks turning on Mike Ashley will work. He's wrong.

[Hibee87]

Im confused, is that a statement officialy from rangers?

[bingo70]

Unless I'm picking him up wrong, Keith Jackson seems to be hinting there'll be big breaking news soon. Think it's in tomorrow's paper so the headlines to be coming out over the next half an hour or so.

[Ozyhibby]

Im confused, is that a statement officialy from rangers?

Almost but not quite. It's from their stooges at Sons of Struth. They are Dave Kings go to rent a mob when he wants to oust a board (think the cancelled game v the Yams). Looks like he wants to send them to a Sports Direct near you.


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[Ozyhibby]

https://johnjamessite.wordpress.com/2015/11/02/another-48-hours/



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[matty_f]

https://johnjamessite.wordpress.com/2015/11/02/another-48-hours/



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Is English his first language?

[bingo70]

Keith Jackson's latest tweet......"So, Ashley v King. What's the worst that could happen? Right?"

[Ozyhibby]

Is English his first language?

Sevconian. All the explanation that's needed.


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[Jack]

You have to remember it's aimed at trackie wearing, buckie swilling fan dans whose only talent is hitting a drum every July. Pitched perfectly I thought :agree:

If only they could read.

[Ozyhibby]

http://images.tapatalk-cdn.com/15/11/02/e8efc35b8511975e3f5f34b148394d6f.jpg


Sent from my iPhone using Tapatalk

[bingo70]

http://images.tapatalk-cdn.com/15/11/02/e8efc35b8511975e3f5f34b148394d6f.jpg


Sent from my iPhone using Tapatalk

Chances of this happening?

[green glory]

Sent from my iPhone using Tapatalk

Time to get the popcorn in again.

[Jim44]

Is English his first language?

Nah, gobbledigook.

[Hibs Class]

Chances of this happening?

Minimal. He'll just throw a few quid at the justice system to buy his innocence. Again. Allegedly.

[PatHead]

http://images.tapatalk-cdn.com/15/11/02/e8efc35b8511975e3f5f34b148394d6f.jpg


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Is that for real?

[Ozyhibby]

Minimal. He'll just throw a few quid at the justice system to buy his innocence. Again. Allegedly.

You don't need to say allegedly there. It's a matter of public record.


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[Ozyhibby]

Chances of this happening?

Almost none I would think, it's a civil matter. Might cost Sevco a lot of money though. [emoji3]


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[Jack]

http://images.tapatalk-cdn.com/15/11/02/e8efc35b8511975e3f5f34b148394d6f.jpg


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Me too, it would be a laugh.

They could open a Blue Wing at BAR-L to replace the ibroke boardroom ... or replace the Wendy House! (anyone know if that's still there?)

Is that a real front page? lol

[Jack]

Keith Jackson's latest tweet......"So, Ashley v King. What's the worst that could happen? Right?"

Comedy value that's off the radar!

[Off the bar]

http://m.eveningtimes.co.uk/news/13931530.Sports_Direct_bid_to_block_charity_cash_t o_Rangers_Former_Players_Benevolent_Fund/?ref=twtrec

Ashley tightening his grip on his intellectual property

[PatHead]

The press have definitely had a large portion of succulent lamb.

That big. bad Ashley. Why not just give him back his £5m Mr King?

You would then get a higher share of the profits.

[brog]

SOS, for Sons of Struth, is surely the most appropriate acronym ever! Are they the most gullible of the gullible! This is so much fun & I'm looking forward to King getting his comeuppance, but as every day he remains in charge is good news for Hibs we should really have mixed feelings! However, f### them, even if King's demise will eventually strengthen Sevco, the anguish, angst & humble pie along the way will be superb.

[PatHead]

http://m.eveningtimes.co.uk/news/13931530.Sports_Direct_bid_to_block_charity_cash_t o_Rangers_Former_Players_Benevolent_Fund/?ref=twtrec

Ashley tightening his grip on his intellectual property

Funny how a letter sent in August suddenly appears just now in the middle of a charm offensive.

[Kato]

15599


Genuine item for sale on Mike Ashley's firms site.


http://www.sportsdirect.com/fabric-roll-cuff-embossed-beanie-906183?colcode=90618322

Stack 'em high and sell 'em cheap.


I get the feeling Ashley is the good guy in all of this.

[Moulin Yarns]

Read all about it.

http://www.dailyrecord.co.uk/sport/football/football-news/mike-ashley-moves-rangers-chairman-6754991 (http://www.dailyrecord.co.uk/sport/football/football-news/mike-ashley-moves-rangers-chairman-6754991)

[Scorrie]

15599


Genuine item for sale on Mike Ashley's firms site.


http://www.sportsdirect.com/fabric-roll-cuff-embossed-beanie-906183?colcode=90618322

Stack 'em high and sell 'em cheap.


I get the feeling Ashley is the good guy in all of this.

Is that a Magic hat? 😏

[Iain G]

Read all about it.

http://www.dailyrecord.co.uk/sport/football/football-news/mike-ashley-moves-rangers-chairman-6754991 (http://www.dailyrecord.co.uk/sport/football/football-news/mike-ashley-moves-rangers-chairman-6754991)

Ashley is just toying with them, poking the bear and seeing what stirs, he can happily afford to not worry about rangers fans boycotting his stores, probably spends less on cleaning and disinfectant as a result!

That Houston bloke is a right tube isnt he, look at me am outside Ibrox, am nearly into the outermost layers of the inner circle, ahm the big man now! Hun erse...

[Onion]

Almost none I would think, it's a civil matter. Might cost Sevco a lot of money though. [emoji3]


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Contempt of court will get you jailed:aok:

[number9dream]

And the Big Tax Case is back again tomorrow. Second appeal from HMRC - not sure if it's the beginning of deliberations or a verdict... Don't think it can impact the current regime but it will add to the frenzy down Ibrox way.

[Jim44]

Minimal. He'll just throw a few quid at the justice system to buy his innocence. Again. Allegedly.


You don't need to say allegedly there. It's a matter of public record.


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On the equivalent thread to this one on FF, one punter claims to have information that King has untold wealth secreted all over South Africa and is as rich as Ashley. Another says that King has no fear of Ashley as he 'took on the South African justice system and won' : :greengrin The general mood in their thread is one of delight and see the latest Ashley move as the beginning of the end for him. Perspective's a funny old thing.

[AndyM_1875]

15599

I get the feeling Ashley is the good guy in all of this.

Not sure there are any good guys in this. Only sharks.

[Kato]

Not sure there are any good guys in this. Only sharks.


Come on. He's just a plain, simple, honest billionaire - trying to help a heinous football club back on its feet.

[Bostonhibby]

On the equivalent thread to this one on FF, one punter claims to have information that King has untold wealth secreted all over South Africa and is as rich as Ashley. Another says that King has no fear of Ashley as he 'took on the South African justice system and won' : :greengrin The general mood in their thread is one of delight and see the latest Ashley move as the beginning of the end for him. Perspective's a funny old thing.

They are a self justifying lot aren't they - winning on this one means changing your plea to guilty when they have finally caught you and suffering the indignity of having the senior judge call you a glib and mendacious liar before hitting you with a huge fine/penalties as well as damaging your business credibility. I hope no one associated with Hibs ever gets found this innocent.

Having cash hidden all over the country that has just hammered you for the very same thing probably isn't the brightest idea either, nor is telling some random weegies who can't wait to blab about it all over social media.

[AndyM_1875]

Come on. He's just a plain, simple, honest billionaire - trying to help a heinous football club back on its feet.

The Newcastle fans on here may offer a different opinion on Fat Mike.:wink:

[Ozyhibby]

I like how this has got personal between Ashley and King.
Unlikely to be a compromise and there is little chance of anyone putting in any money while they know Ashley can crash the bus any time he feels like it.


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[Bostonhibby]

Not sure there are any good guys in this. Only sharks.

:agree: One bloated great white and shoals of dogfish.

They just haven't worked out that Ashley is big and bold enough to do what he wants when he wants to and King so far has only produced a few statements that are easy to ignore as there isn't any delivery.

[Kato]

The Newcastle fans on here may offer a different opinion on Fat Mike.:wink:

Well given what he's up to he seems like a good guy to me. :greengrin

[Platinum Scotty]

I like how this has got personal between Ashley and King.
Unlikely to be a compromise and there is little chance of anyone putting in any money while they know Ashley can crash the bus any time he feels like it.


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:agree:

[greenginger]

The Newcastle fans on here may offer a different opinion on Fat Mike.:wink:


I don't want to see Ashley back at Ibrox with any control. He would have the business savi to steady the ship and keep them going.

If King jumps ship or is pushed then I would want the Sons of Struth, Chris Graham etc to take charge.

Fan ownership , you know it makes sense ! :greengrin

[AndyM_1875]

I don't want to see Ashley back at Ibrox with any control. He would have the business savi to steady the ship and keep them going.

If King jumps ship or is pushed then I would want the Sons of Struth, Chris Graham etc to take charge.

Fan ownership , you know it makes sense ! :greengrin

True and that lot couldn't run a raffle.:greengrin

[brog]

I don't want to see Ashley back at Ibrox with any control. He would have the business savi to steady the ship and keep them going.

If King jumps ship or is pushed then I would want the Sons of Struth, Chris Graham etc to take charge.

Fan ownership , you know it makes sense ! :greengrin

That's pretty much my thinking GG. As I said earlier though I'm loving it, just loving it. The best scenario is that the car crash happens this season to our benefit. We all know Sevco will make it back eventually, it's delaying that eventuality for as long as possible that's the real game now.

[Smartie]

I don't want to see Ashley back at Ibrox with any control. He would have the business savi to steady the ship and keep them going.

If King jumps ship or is pushed then I would want the Sons of Struth, Chris Graham etc to take charge.

Fan ownership , you know it makes sense ! :greengrin

Whilst what you say is certainly true, I'd be delighted to see him bring the level of footballing success to Ibrox that he has managed to take to Newcastle.

[Moulin Yarns]

Not sure there are any good guys in this. Only sharks.


Except sharks serve a purpose which these guys do not.

Sharks play a very important role in the oceans in a way that an average fish does not. Sharks are at the top of the food chain in virtually every part of every ocean. In that role, they keep populations of other fish healthy and in proper proportion for their ecosystem. :greengrin

[Ozyhibby]

Whilst what you say is certainly true, I'd be delighted to see him bring the level of footballing success to Ibrox that he has managed to take to Newcastle.

To be fair to Mike Ashley, I can't remember Newcastle ever being successful.


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[jacomo]

I don't want to see Ashley back at Ibrox with any control. He would have the business savi to steady the ship and keep them going.

If King jumps ship or is pushed then I would want the Sons of Struth, Chris Graham etc to take charge.

Fan ownership , you know it makes sense ! :greengrin

Exactly. MA taking control at The Rangerz would be bad news for us, I think.

Fortunately, David 'under funded / over investment' King is digging his heels in.