Generic Sevco / Rangers meltdown thread

[Jack Hackett]

Has Footballing Armageddon (http://www.dailyrecord.co.uk/sport/football/football-news/oh-no--not-more-6873931) finally arrived at Pittodrie?

We're doomed! DOOMED I tell ye!

[.Sean.]

Respectfully bang on that one Warburton ya ****ing fanny :aok::giruy2:

[Dashing Bob S]

There is none. Did you expect any?

Of course King knows that hun retail is suffering because of the 7.5p/£ they get from the Ashley deal.

Yes, King clearly needs Ashley to 'play ball' - but Ashley wants him in jail. Ashley will crush King like a beetle. The only person that doesn't seem to realise it is King himself.

It's personal, now, with Ashley, and I have seen first hand what he has done to NUFC. I don't think it's unreasonable to suggest he'll do worse to the hun than he did to the Mags because the latter bring in £130+ annually in Sky TV and prize money, whereas the former bring in tuppence ha'penny.

I can't wait.

Ok, I'll start: Will it do it, like 'yesterday'?

[Dashing Bob S]

:agree:

I think King was trying to belittle Ashley in that interview, by repeatedly referring to him as a 'retailer'.

His self-regard and inability to realise who he is dealing with is staggering.

Didn't you mean 'beetlelittle' Ashley?

[Hibs90]

Oh Sevco forums are a funny read tonight

[bingo70]

Oh Sevco forums are a funny read tonight

Pressure on warburton yet?

[brog]

Chateau d'Yquem - a lovely wee slippy.



Winston Churchill drank 42,000 bottles of champagne during his life mostly Veuve Clicquot.

I think that's an apocryphal tale. I've been to Chartwell so often I could almost lead the tour myself. Churchill loved champagne but his favourite was Pol Roger. He received a case every year on his birthday. He also drank much more claret, whisky & brandy than he did champagne.

[Ozyhibby]

http://images.tapatalk-cdn.com/15/11/21/87c3b492cd9d3529cee3c2d8a250afcc.jpg


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[The Leith Dutch]

http://images.tapatalk-cdn.com/15/11/21/87c3b492cd9d3529cee3c2d8a250afcc.jpg


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That makes very plesant reading :)

[green glory]

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😂😂😂

[CropleyWasGod]

Ozy, you're slipping, mate.

Another Court date?

https://m.facebook.com/photo.php?fbid=1705756879655433

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[Hibeesforever]

http://images.tapatalk-cdn.com/15/11/21/87c3b492cd9d3529cee3c2d8a250afcc.jpg


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An awful lot of bad language there on the Rangers forum, somebody is clearly rattled that a certain title may have become a feeling of certain play offs!

[Ozyhibby]

Ozy, you're slipping, mate.

Another Court date?

https://m.facebook.com/photo.php?fbid=1705756879655433

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They are overwhelming me. At this rate I'm going to have to take on staff. [emoji23]


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[ancient hibee]

They are overwhelming me. At this rate I'm going to have to take on staff. [emoji23]


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Send the bill to Ibrox.

[SuperAllyMcleod]

http://images.tapatalk-cdn.com/15/11/21/87c3b492cd9d3529cee3c2d8a250afcc.jpg


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"Hate to say I told you sow"? Bloody hell that's a grammar mistake I've never seen before, or considered possible!

[HoboHarry]

Ozy, you're slipping, mate.

Another Court date?

https://m.facebook.com/photo.php?fbid=1705756879655433

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AnY idea what they did to warrant this action by Green? Or is it in relation to the action by MA?

[Onceinawhile]

"Hate to say I told you sow"? Bloody hell that's a grammar mistake I've never seen before, or considered possible!

Tbf I think he's put the space between so and when in the wrong place rather than misspelt so.

[CropleyWasGod]

AnY idea what they did to warrant this action by Green? Or is it in relation to the action by MA?

Nope, but there will be a blog along in a bit to tell us. :greengrin

[Smartie]

Nope, but I posit that there will be a blog along in a bit to tell us. :greengrin

There, fixed that for you.

[CropleyWasGod]

There, fixed that for you.

:greengrin

[greenginger]

I wonder if Warburton is the type to start slaughtering his players, dropping a few that did'nt do the business , and generally cause a bit of bad feeling in the dressing room.

Hope so, Cav, Brog , Sergey, English league watchers , how did the Warby handle the pressure at the end of last season.?

[Ozyhibby]

http://images.tapatalk-cdn.com/15/11/21/f2e79b8eb3de78c10a48ea390d9e6b8d.jpg


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[Onion]

Oh Sevco forums are a funny read tonight

Bread Man could not have done much better at the start of his tenure at Hunbrox. Had you offered the Hun Hoards 12 wins, 1 loss and 1 draw at the beginning of the season they would have bitten yer hand off for that.

Any concerns the Bigots have is 100% to do with how well Stubbs and Hibs have done - simple as that. :flag:

[CropleyWasGod]

http://images.tapatalk-cdn.com/15/11/21/f2e79b8eb3de78c10a48ea390d9e6b8d.jpg


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Cheers, that makes more sense than the interpretation that some were putting on it.

You can go back to your real job now.

[Ozyhibby]

Cheers, that makes more sense than the interpretation that some were putting on it.

You can go back to your real job now.

I did think it strange as Sevco have been silent on that day in court since it happened. Almost like they wished it hadn't. Would have been hard for them to be in contempt.


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[brog]

I wonder if Warburton is the type to start slaughtering his players, dropping a few that did'nt do the business , and generally cause a bit of bad feeling in the dressing room.

Hope so, Cav, Brog , Sergey, English league watchers , how did the Warby handle the pressure at the end of last season.?

TBH GG, Warburton really came from nowhere to the Brentford job. He obviously did brilliantly getting them promoted but Brentford fans were talking last Xmas that he was leaving at end of the season. Again he did well getting to the play offs but there's probably no pressure when you know you're going anyway! He's into unknown territory now but I'm sure he'll be respectful throughout! Personally I think Sevco appointed him because of his prior experience in the City. He's just swapped one set of arrogant crooks for another!

[Aldo]

They are overwhelming me. At this rate I'm going to have to take on staff. [emoji23] Sent from my iPhone using Tapatalk

Mon Ozy your gonnae need to keep up and put a few more hours in!!

Sooperb tho!

The circus continues.

[magpie1892]

Nope, but for the avoidance of doubt there will be a blog along in a bit to tell us. :greengrin

Surely?

[CropleyWasGod]

Surely?

Actually, there won't be, unless it's one that has a go at Sons of Struth for making fools of themselves over this.

[Jack]

TBH GG, Warburton really came from nowhere to the Brentford job. He obviously did brilliantly getting them promoted but Brentford fans were talking last Xmas that he was leaving at end of the season. Again he did well getting to the play offs but there's probably no pressure when you know you're going anyway! He's into unknown territory now but I'm sure he'll be respectful throughout! Personally I think Sevco appointed him because of his prior experience in the City. He's just swapped one set of arrogant crooks for another!

Re his city experience. I remember some months ago the bloggers saying that he had been using his contacts in the City in an attempt to raise funds for them although nothing came of it.

There could be some truth in him getting the sevco job on more than his football knowledge.

[Deansy]

Re his city experience. I remember some months ago the bloggers saying that he had been using his contacts in the City in an attempt to raise funds for them although nothing came of it.

There could be some truth in him getting the sevco job on more than his football knowledge.

Definitely agree with that line of thought. A football-manager AND he's an ex-city of London wide-boy - for King and him it's a marriage made in heaven !. I'd bet King paid a lot more attention to the financial part of his CV rather than the footballing side of it. However, I don't see it lasting too long when Warburton realises he'll need to watch his back for life when/if things go breasts-skywards for them !!

[Jim44]

Re his city experience. I remember some months ago the bloggers saying that he had been using his contacts in the City in an attempt to raise funds for them although nothing came of it.

There could be some truth in him getting the sevco job on more than his football knowledge.

Respectfully, Warburton himself says that he leaves all that sort of stuff to clever people.:rolleyes:

[jacomo]

Respectfully, Warburton himself says that he leaves all that sort of stuff to clever people.:rolleyes:

Warburton was a nearly man in the City, as he admitted himself. Says he got close to a top job though...

http://www.dailyrecord.co.uk/sport/football/football-news/mark-warburton-says-bossing-rangers-5889783

[Oscar T Grouch]

Oh Sevco forums are a funny read tonight

Seen this on therangers media after the result were in last night 😳 The arrogance is still there.

Naaa. Hubs are nothing. We'll win the league by 30+ points then next season we'll win the top league with ease because it's so bad up there..

[Dan Sarf]

I wonder if Warburton is the type to start slaughtering his players, dropping a few that did'nt do the business , and generally cause a bit of bad feeling in the dressing room.

Hope so, Cav, Brog , Sergey, English league watchers , how did the Warby handle the pressure at the end of last season.?


He was extremely loyal to his Brentford team, refusing to buy more players when there was loads a money available to be spent. Not something that's likely to happen this time around though. With respect.


:gwa:

[GreenLake]

Warburton was a nearly man in the City, as he admitted himself. Says he got close to a top job though...

http://www.dailyrecord.co.uk/sport/football/football-news/mark-warburton-says-bossing-rangers-5889783

Someone at one of these banks must have a copy of his CV. He likes to embellish everything that his team does on the park so it wouldn't be surprising if he did the same about his career in the City. Maybe he was a Tea boy or a janitor.

[Brunswickbill]

Presumably the court case raised by CW relates to the warnings made by Deloitte in the RIFC Annual Accounts of 2014. The action covers CW laying claim to the assets of RIFC. My question is, what is the potential impact of this case on Ashley and Mash Holdings? As Ashley has security over some of RIFC assets, namely Murray Park, Edmiston House and Albion Car Park, what happens to the security if White wins his case and it turns out that RIFC didn't own the assets in the first place? Does he lose the security and/or does he sue the RIFC board?

[steakbake]

Presumably the court case raised by CW relates to the warnings made by Deloitte in the RIFC Annual Accounts of 2014. The action covers CW laying claim to the assets of RIFC. My question is, what is the potential impact of this case on Ashley and Mash Holdings? As Ashley has security over some of RIFC assets, namely Murray Park, Edmiston House and Albion Car Park, what happens to the security if White wins his case and it turns out that RIFC didn't own the assets in the first place? Does he lose the security and/or does he sue the RIFC board?

Respectfully, I dunno, but I posit that it sounds complicated and reassuringly very expensive to sort out!

[Ozyhibby]

Respectfully, I dunno, but I posit that it sounds complicated and reassuringly very expensive to sort out!

That last bit is what will finnish Sevco off.[emoji23]


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[greenginger]

Respectfully, Warburton himself says that he leaves all that sort of stuff to clever people.:rolleyes:


I've got a pal in Edinburgh ( now retired ) who spent half his working life dealing with an assortment of companies based in the City of London.

He is still in touch with a few and I asked him to find out what he could about Warby's career in the world of financial wizz kids.

It seems the great man did work with RBS on the financial trading market , but not as a Trader. His job was to record all the trades done by the real traders and produce data for their bosses to scrutinise .

Really no more than a glorified bean-counter although no doubt sharing in the obscene bonuses gifted to those cowboys.

It would be nice to get hold of an old business card or CV to mock his much repeated City Trader status . :greengrin

[The Leith Dutch]

Rangers' Warburton backs B team idea:
http://www.bbc.co.uk/sport/0/football/34894180

Someone needs to tell him sevco already have a B team playing in the lower divisions.....

[Ozyhibby]

Rangers' Warburton backs B team idea:
http://www.bbc.co.uk/sport/0/football/34894180

Someone needs to tell him sevco already have a B team playing in the lower divisions.....

They have a tiny squad as it is and can't afford to add to it in January. It's great if this is the kind of nonsense filling his head though. Bet Stubbs has not given it a thought.


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[Weststandwanab]

I think that's an apocryphal tale. I've been to Chartwell so often I could almost lead the tour myself. Churchill loved champagne but his favourite was Pol Roger. He received a case every year on his birthday. He also drank much more claret, whisky & brandy than he did champagne.

Apologies you are correct it was Pol Roger and I think they even named a champagne after him. I remember reading somewhere about the 42,000 bottles. Did not know about the rest.

[greenginger]

John Eustace, remember him , well he's not joining Sevco now.



http://www.sundaypost.com/rangers-boss-mark-warburton-hopes-to-extend-gedion-zelalem-loan-but-won-t-be-signing-john-eustace-1.911875

[Ozyhibby]

John Eustace, remember him , well he's not joining Sevco now.



http://www.sundaypost.com/rangers-boss-mark-warburton-hopes-to-extend-gedion-zelalem-loan-but-won-t-be-signing-john-eustace-1.911875

Good news. The Sevconians are desperate for Nicky Law to get fit because Zelalém is hopeless.


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[greenlex]

John Eustace, remember him , well he's not joining Sevco now.



http://www.sundaypost.com/rangers-boss-mark-warburton-hopes-to-extend-gedion-zelalem-loan-but-won-t-be-signing-john-eustace-1.911875
Who knew? He's lost his hat!!!:greengrin

[Springbank]

Who knew? He's lost his hat!!!:greengrin

There's a great quote in there

Warbmeister says "there are no secrets" then goes on to say (without irony) "if there's a question and I'm allowed to answer it then I will"

#allowed lol (as the young uns used to say)

[Ozyhibby]

https://johnjamessite.wordpress.com/2015/11/21/misinformation/


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[Ozyhibby]

Record is beginning to panic that they won't be a top flight fanzine next season.
http://www.dailyrecord.co.uk/sport/football/football-news/rangers-boss-mark-warburton-faces-6880878


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[AndyM_1875]

Record is beginning to panic that they won't be a top flight fanzine next season.
http://www.dailyrecord.co.uk/sport/football/football-news/rangers-boss-mark-warburton-faces-6880878


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"Splash the cash"
What cash is this?

As an aside I don't think enough credit is being given to Mark Burchill and his Livingston side who I thought were more than decent against us on Tuesday.

[Salt N Sauzee]

Just stumbled across a story in the depths of the internet regarding that Nicky Clark who plays for Rangers.

Him and his Brother, who was armed with a knife, were apparently lifted a week ago for a scuffle with Police in Glasgow.

Both of them spent the night in the cells and will be back at court regarding the incident.

Now I'm aware that the majority of you won't care about this and it may of been posted on here before. But I just find it funny how the likes of the Daily Record etc turn a blind eye to these sort of stories whereas if it was a Hibs player it would be plastered everywhere just like that Non-Story with Jason Cummings last season.

[JimBHibees]

Just stumbled across a story in the depths of the internet regarding that Nicky Clark who plays for Rangers.

Him and his Brother, who was armed with a knife, were apparently lifted a week ago for a scuffle with Police in Glasgow.

Both of them spent the night in the cells and will be back at court regarding the incident.

Now I'm aware that the majority of you won't care about this and it may of been posted on here before. But I just find it funny how the likes of the Daily Record etc turn a blind eye to these sort of stories whereas if it was a Hibs player it would be plastered everywhere just like that Non-Story with Jason Cummings last season.

Agree totally if that was JC it would have been front page for a week. Pretty shocking really particularly the knife bit.

[Hibby Kay-Yay]

"Splash the cash"
What cash is this?

As an aside I don't think enough credit is being given to Mark Burchill and his Livingston side who I thought were more than decent against us on Tuesday.

Maybe 'splash the cash' refers to pennies down a wishing well?

[hibs0666]

Just stumbled across a story in the depths of the internet regarding that Nicky Clark who plays for Rangers.

Him and his Brother, who was armed with a knife, were apparently lifted a week ago for a scuffle with Police in Glasgow.

Both of them spent the night in the cells and will be back at court regarding the incident.

Now I'm aware that the majority of you won't care about this and it may of been posted on here before. But I just find it funny how the likes of the Daily Record etc turn a blind eye to these sort of stories whereas if it was a Hibs player it would be plastered everywhere just like that Non-Story with Jason Cummings last season.

It was discussed on here last week, and was reported in the press.

[Salt N Sauzee]

It was discussed on here last week, and was reported in the press.

Can't find anything for it online apart from one thread on a Rangers forum...

[EH6 Hibby]

Can't find anything for it online apart from one thread on a Rangers forum...

I'm guessing it's not been reported in great detail yet because there is likely to be a court case rather than any bias.

[Just Alf]

I'm guessing it's not been reported in great detail yet because there is likely to be a court case rather than any bias.

I think you're probably right, thing is tho it didn't stop the Cummings stuff last time.

[Springbank]

Lovely piece of brainless stenography in that article...

next to the paragraph saying how Gers brave young inexperienced starlets might need some experienced backup in January there is a photo of Kenny miller, dean shiels and lee Wallace looking dejected at full time.

so inexperienced and underpaid that - between those three alone - their combined wage packet is possibly more than all of livi, Alloa and Dumbarton put together

bless ...


Record is beginning to panic that they won't be a top flight fanzine next season.
http://www.dailyrecord.co.uk/sport/football/football-news/rangers-boss-mark-warburton-faces-6880878


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[jacomo]

What's the problem?

I'm sure Dave King will stop by Ibrox on the way to the AGM to drop off a massive war chest for Warburton. It will be mere loose change to the richest man in South Africa but will enable Warburton to over invest in a squad so good it will not only win this Division at a canter but make Rangers, a team with an unbroken 140 years of glorious history, favourites to win the top Division next season and prove, beyond doubt, they are the biggest club in Scotland.

Is that right Jim?

[Hibee87]

When is lord Doherty due to give his ruling on the court case a week or 2 back? Last I heard was he was due to consider what he heard and give his official ruling in writing, how long does he need to think about it :confused:

[Ozyhibby]

When is lord Doherty due to give his ruling on the court case a week or 2 back? Last I heard was he was due to consider what he heard and give his official ruling in writing, how long does he need to think about it :confused:

At the time, the reporters in court thought about two weeks but they were not certain.


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[Hibee87]

At the time, the reporters in court thought about two weeks but they were not certain.


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:aok: I thought it was longer but noticed it was only a week past friday since the hearing

[Deansy]

Record is beginning to panic that they won't be a top flight fanzine next season.
http://www.dailyrecord.co.uk/sport/football/football-news/rangers-boss-mark-warburton-faces-6880878


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'Goodness, we even had the rare sight of Rangers ................'

For 'Goodness' read 'FFS, we even had the rare sight of Rangers ........' screamed R*tard reporter Ralston as he hammered his keyboard in angst, hoping his fear, anxiety and depression wouldn't show in his report of the match - the thought of another season facing LIDL-Sannies at 'Castle Greyskull' press-briefings weighing heavily on his mind !!

[Ozyhibby]

Here we go again. From the Herald this morning.

http://images.tapatalk-cdn.com/15/11/23/8ff2df4ddd26185f2fa523220a2b06db.jpg


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[PatHead]

Might be reading too much into the report but I wonder if this is them hinting that King better bring some dosh with him. Wonder if they will start criticising him if no money appears and Park will be the new succulent lamb provider?

Just a slightly different tone to that article with no mention of the millions or any adoration of King, just add some experience. The headline is the only mention of cash.

[jacomo]

Dave King will be like a kid in a sweetie shop in January, Sevco fans!!

No doubt about it, massive stars on massiver salaries are coming to the massivest club in Scotland.

He and his co-investors promised to make up any shortfall in funding, remember, 'and we've done that'. So all these rumours about cash being tight are a Papist conspiracy!

[GordonHFC]

At the time, the reporters in court thought about two weeks but they were not certain.


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Depends on whether Lord Doherty has a lodge meeting in the near future.

[Ozyhibby]

http://www.philmacgiollabhain.ie/someone-is-prepared-to-spend-many-millions-on-sevco/#more-7080


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[brog]

Dave King will be like a kid in a sweetie shop in January, Sevco fans!!

No doubt about it, massive stars on massiver salaries are coming to the massivest club in Scotland.

He and his co-investors promised to make up any shortfall in funding, remember, 'and we've done that'. So all these rumours about cash being tight are a Papist conspiracy!

I believe on Dave King's visit he's asked to be shown round the new 40,000 seat stadium & 5 star hotel in Edinburgh in order that he can copy the mini Sevco's successful business model. Fantasists all!

[jacomo]

I believe on Dave King's visit he's asked to be shown round the new 40,000 seat stadium & 5 star hotel in Edinburgh in order that he can copy the mini Sevco's successful business model. Fantasists all!

Blimey. Scottish clubs (well, 2 of them) are going to dominate the Champions League for a generation.

[grunt]

Latest from JJ https://johnjamessite.wordpress.com/2015/11/23/agm-season/

I wish he wouldn't try do stories based on numbers - he clearly doesn't understand them.

[O'Rourke3]

What's the problem?

I'm sure Dave King will stop by Ibrox on the way to the AGM to drop off a massive war chest for Warburton. It will be mere loose change to the richest man in South Africa but will enable Warburton to over invest in a squad so good it will not only win this Division at a canter but make Rangers, a team with an unbroken 140 years of glorious history, favourites to win the top Division next season and prove, beyond doubt, they are the biggest club in Scotland.

Is that right Jim?
Massive war chest or crates of empties? How much do you get returning bottles thesedays?

Sent via the bushes @ EM

[jacomo]

Latest from JJ https://johnjamessite.wordpress.com/2015/11/23/agm-season/

Is he outing himself as a Tim here? Certainly reads that way.

[Ozyhibby]

I'm almost certain he is not Rangers fan.


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[jacomo]

I'm almost certain he is not Rangers fan.


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:agree:

I think that's pretty clear. And some of his comparisons in that piece are ridiculous.

[jgl07]

I believe on Dave King's visit he's asked to be shown round the new 40,000 seat stadium & 5 star hotel in Edinburgh in order that he can copy the mini Sevco's successful business model. Fantasists all!

Is this the one?

http://www.skyscrapercity.com/showpost.php?p=112722314&postcount=63

[Ozyhibby]

Sevco's turnover last year was £16m.
Aberdeen just announced theirs was £13m.
Given Sevco's much higher cost base it's difficult to see them being much of a force when they do get promoted.
BTW, that turnover from Aberdeen is huge and us and the yams have a bit of catching up to do.


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[greenginger]

Is this the one?

http://www.skyscrapercity.com/showpost.php?p=112722314&postcount=63


The planning application for the Vladfolly is still live.

Its never been withdrawn or refused. Suppose that's what allows them to keep the wooden shack in use.

[Leithenhibby]

The planning application for the Vladfolly is still live.

Its never been withdrawn or refused. Suppose that's what allows them to keep the wooden shack in use.

I thought an application only lasted 5 years! then it has to go back.........

[JeMeSouviens]

Sevco's turnover last year was £16m.
Aberdeen just announced theirs was £13m.
Given Sevco's much higher cost base it's difficult to see them being much of a force when they do get promoted.
BTW, that turnover from Aberdeen is huge and us and the yams have a bit of catching up to do.


Celtic's was £51M, down from £64M the year before and £76M the year before that.

More New Hun troubles (failure to get promoted, disputed assets, a New New Huns?) means not only a continuing weak outfit at Ibrox* but an increasingly weak one at Parkhead. Ok, so in the long term whatever manifestation of "Old Firm" ends up in the top league will probably outspend the rest of us, but given a few more years of this there might be the levellest playing field since the 80s in Scottish football.

So much for armageddon. The Old Hun implosion has been to the benefit of all but Celtc and the New Huns thus far.

* or wherever if it ends up a Tescos. :wink:

[grunt]

2-1 to Rangers (from Rangers website)

http://rangers.co.uk/news/headlines/notice-to-shareholders/#.VlMuStITuNY.twitter (http://rangers.co.uk/news/headlines/notice-to-shareholders/#.VlMuStITuNY.twitter)


Notice to Shareholders in connection with the Annual General Meeting (“AGM”) of Rangers International Football Club PLC (the “Company”)
On the afternoon of Thursday 19th November 2015, the Company received notification of a Petition by MASH Holdings Limited to, inter alia, grant interim interdict obliging the Company to withdraw Resolutions 9, 10 and 11 from consideration at the Company’s AGM.
The Petition was heard at the Court of Session on Friday 20th November 2015 and the Company successfully resisted the Petitioners motion for interim interdict in respect of Resolutions 9 and 10, ensuring that shareholders will be given the opportunity to vote on these Resolutions.
The Petitioners were successful in their application to require the Company to withdraw Resolution 11 from consideration by shareholders at the AGM. Although the decision has been made on an interim basis only until the Petition can be fully considered by the Court, this means the Resolution will not be presented to the meeting and shareholders will not be afforded the opportunity to vote upon it. The Company will now consider how best to proceed.
Resolution 11 was intended to afford the Company with protection against a further breach of the Scottish Football Association’s Disciplinary Rule 19 on dual interest whether relating to MASH Holdings Limited and related parties’ interests in the Company and its main operating subsidiary, The Rangers Football Club Limited while MASH Holdings Limited is also the ultimate parent company of Newcastle United Limited or any other shareholder who might have such an interest now or in the future. The Company is under an obligation to demonstrate the utmost good faith to the Scottish Football Association (“SFA”) in relation to any possible breaches of disciplinary rule 19. Shareholders will be aware that related parties of MASH Holdings Limited have other contractual relationships with members of the Group of Companies of which the Company is the holding company. The terms of these relationships are confidential and in some cases the subject of the interim injunction granted before June’s General Meeting. Shareholders are therefore reminded that the Board will be restricted at the AGM in answering questions concerning these arrangements.
A dual interest arises where, except with the prior written consent of the SFA’s Board, a member of a football club in membership of a national association which is in membership of FIFA (a “Club”) is involved in the management or administration or has any power to influence the management or administration of a Club and is at the same time directly or indirectly a member of another Club and is involved in or has the power to influence its management or administration.

[greenginger]

I thought an application only lasted 5 years! then it has to go back.........


https://citydev-portal.edinburgh.gov.uk/idoxpa-web/applicationDetails.do?activeTab=summary&keyVal=JUU5NIEWR0000


Application status is " pending decision ".

But, its Edinburgh Council, enough said.

[Ozyhibby]

2-1 to Rangers (from Rangers website)

http://rangers.co.uk/news/headlines/notice-to-shareholders/#.VlMuStITuNY.twitter (http://rangers.co.uk/news/headlines/notice-to-shareholders/#.VlMuStITuNY.twitter)

So from that, has Mike Ashley succeeded in retaining his right to vote?


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[JeMeSouviens]

So from that, has Mike Ashley succeeded in retaining his right to vote?


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Looks like it. Resolution 11 is the one about shareholdings in 2 clubs.

[grunt]

So from that, has Mike Ashley succeeded in retaining his right to vote?
I didn't read it that way. Ashley's petition to remove the Resolution from the AGM was successful, but it is only temporary until the Court decides whether the Resolution can go ahead in future. So I think on that one, he's ahead at half time.

[jgl07]

https://citydev-portal.edinburgh.gov.uk/idoxpa-web/applicationDetails.do?activeTab=summary&keyVal=JUU5NIEWR0000


Application status is " pending decision ".

But, its Edinburgh Council, enough said.
As no decision has been made the clock has not started. I suspect that the application was deferred pending clarification of the many issues raised. Hearts started the process of going down the pan and these questions were never answered.

Hibs certainly had to move with the construction of the East Stand as the previous successful application would have lapsed had construction not started. That would have given opportunities to the residents of the new flats to raise objections if a fresh application was required. I think Hibs amended the application to move from two tiers to a single tier without having to open the application for consultation.

[Springbank]

So from that, has Mike Ashley succeeded in retaining his right to vote?


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This 2-1 situation may be the absolute best outcome for Hibs too.

reason being, the two that Ashley has lost here are the resolutions that would create millions of new shares (that Ashley is barred from buying iirc) and which king et al can buy at hugely preferential rates compared to the rangers supporters trust and other bald bigot companies (bbc's) who will pay top whack for fairly worthless shares.

so Ashley has his shareholding diluted to around 6% and is further antagonised (increasing the likelihood of him seeing it through with king and the SFA in court). The bbc's and rst will have shelled out most of their money on a venture that only keeps the corpse alive and feeds kings impressive personal wine collection fund, but without getting close to putting rangers on a sound footing. The rst and bbc's don't appear to see the folly.

put the kettle on....

[jacomo]

Hopefully King will make fresh ill-advised comments this week that antagonise Ashley even more.

[Ozyhibby]

This 2-1 situation may be the absolute best outcome for Hibs too.

reason being, the two that Ashley has lost here are the resolutions that would create millions of new shares (that Ashley is barred from buying iirc) and which king et al can buy at hugely preferential rates compared to the rangers supporters trust and other bald bigot companies (bbc's) who will pay top whack for fairly worthless shares.

so Ashley has his shareholding diluted to around 6% and is further antagonised (increasing the likelihood of him seeing it through with king and the SFA in court). The bbc's and rst will have shelled out most of their money on a venture that only keeps the corpse alive and feeds kings impressive personal wine collection fund, but without getting close to putting rangers on a sound footing. The rst and bbc's don't appear to see the folly.

put the kettle on....

But will they get that passed while Ashley's vote still counts? I think they need 75%.


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[CropleyWasGod]

I like this bit of spin:-

Resolution 11 was intended to afford the Company with protection against a further breach of the Scottish Football Association’s Disciplinary Rule 19 on dual interest whether relating to MASH Holdings Limited and related parties’ interests in the Company and its main operating subsidiary,

So they need protection from breaking the rules, rather than from MA?

:rolleyes:

[brog]

I like this bit of spin:-

Resolution 11 was intended to afford the Company with protection against a further breach of the Scottish Football Association’s Disciplinary Rule 19 on dual interest whether relating to MASH Holdings Limited and related parties’ interests in the Company and its main operating subsidiary,

So they need protection from breaking the rules, rather than from MA?

:rolleyes:

Even by Level 5 standards that's a humdinger! Apologies if I'm making this up but I thought I read about these decisions 2 or 3 days ago? I agree these are good decisions for us in that the turmoil will continue but Ozy may be correct in that MA's holding may be sufficient to prevent the further dilution of the shares. Personally I'm now not really concerned if MA wins & banishes King etc to the sidelines. I think he's so scunnered with Sevco & their support that I can't really see him suddenly pouring his money in to this vile institution.

[Ozyhibby]

I like this bit of spin:-

Resolution 11 was intended to afford the Company with protection against a further breach of the Scottish Football Association’s Disciplinary Rule 19 on dual interest whether relating to MASH Holdings Limited and related parties’ interests in the Company and its main operating subsidiary,

So they need protection from breaking the rules, rather than from MA?

:rolleyes:

It's absolute nonsense. The SFA have given Mike Ashley permission to own 10% of Rangers. If they want to act in good faith with Scottish football they could pay the £250k fine.


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[PatHead]

It's absolute nonsense. The SFA have given Mike Ashley permission to own 10% of Rangers. If they want to act in good faith with Scottish football they could pay the £250k fine.


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So how does diluting Mike Ashley's share make them more acceptable to the SFA when he is not breaking rules already as he doesn't own more than 10%?

If they said they had gotten rid of Ashley's 2 directors to help confirm with the rules that might have worked, however, the chance for that past long ago. I suspect they will just antagonise MA further.

Shame that. :greengrin

[grunt]

I like this bit of spin:-

Resolution 11 was intended to afford the Company with protection against a further breach of the Scottish Football Association’s Disciplinary Rule 19 on dual interest whether relating to MASH Holdings Limited and related parties’ interests in the Company and its main operating subsidiary,

So they need protection from breaking the rules, rather than from MA?

:rolleyes:Indeed. And for this dreadful example of rule-breaking, Rangers were fined a total of £5,500 by the SFA.

http://www.bbc.co.uk/sport/0/football/32341118

Contesting this resolution will have cost them much more than that.

[Alan62]

Should Mr King and his cronies succeed in diluting Ashley's shareholding at the AGM I am absolutely certain that there will be another day in court. As a minority shareholder there are certain protections afforded by the law and you can be sure that Ashley's team will be all over it to make sure that The Rangers have followed the letter of the law. Whether they have or not will be up to the judge but you can bet that their money for legal fees will run out long before Ashley's.

All good from a Hibernian point of view, if you ask me.

[s.a.m]

http://news.stv.tv/west-central/1333479-mike-ashley-blocks-bid-to-remove-his-rangers-power-after-court-win/

[Springbank]

But will they get that passed while Ashley's vote still counts? I think they need 75%.


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That's the big question
Looks like the Rangers Supporters Trust and other little pockets of fan groups, allied to King Park Gilligan etc will get v close to 75%.

Others may have better knowledge than me but I seem to recall some types of resolution will require 75% of the share holding to be passed while others need a simple majority of those present

[Ozyhibby]

https://johnjamessite.wordpress.com/2015/11/23/king-in-ashleys-crosshairs/


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[greenginger]

I see Warburton's odds for the Fulham and QPR jobs have shortened.

Now 6th favorite for Fulham at 12/1, and 7th for the QPR gig.

[Libby Hibby]

I see Warburton's odds for the Fulham and QPR jobs have shortened.

Now 6th favorite for Fulham at 12/1, and 7th for the QPR gig.

I can see him leaving sooner rather than later...all this guff about 50000 reasons to stay blah blah blah is just paper talk and if there is no serious investment in January, he'll be back down to London as quick as David Cameron was when visiting during the referendum!!!

[Dashing Bob S]

So how does diluting Mike Ashley's share make them more acceptable to the SFA when he is not breaking rules already as he doesn't own more than 10%?

If they said they had gotten rid of Ashley's 2 directors to help confirm with the rules that might have worked, however, the chance for that past long ago. I suspect they will just antagonise MA further.

Shame that. :greengrin

All they've done is antagonize Ashley further to no real end. His real source of power over them - the idiotic sale of their merchandising rights to him, surely one of the worst commercial decisions in football business history- remains unaltered.

[Onion]

All they've done is antagonize Ashley further to no real end. His real source of power over them - the idiotic sale of their merchandising rights to him, surely one of the worst commercial decisions in football business history- remains unaltered.


:agree: Desperation is a strong motivator, and they did a deal with the Devil.

[Ozyhibby]

:agree: Desperation is a strong motivator, and they did a deal with the Devil.

I don't think it was desperation. At the time they still had a bit of cash. Green and Ahmed received healthy bonuses for negotiating that deal. That was the motivation.


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[Ozyhibby]

Rangers First are to offer the club a soft loan. Given that they collect money to buy shares, they probably should be having a vote on this. It would pass but it's a sign of how desperate they are that they are bypassing this small technicality.
They are estimated to have about £500k.
They obviously don't want King to do his over investing this season. [emoji3]


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[CropleyWasGod]

Rangers First are to offer the club a soft loan. Given that they collect money to buy shares, they probably should be having a vote on this. It would pass but it's a sign of how desperate they are that they are bypassing this small technicality.
They are estimated to have about £500k.
They obviously don't want King to do his over investing this season. [emoji3]


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You getting that from the Evening Times?

It all seems a bit "might " and "could" to me.

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[Ozyhibby]

You getting that from the Evening Times?

It all seems a bit "might " and "could" to me.

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Just saw it on Twitter this morning, not had time to look into it yet. I would think there are some legal hurdles they would need to clear before giving away their cash for no return.


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[Brunswickbill]

http://www.eveningtimes.co.uk/sport/rangers/14098144.Ibrox_fan_ownership_group_hope_they_can_b e_the_loan_Rangers_to_help_Light_Blues_board_with_ Gers_rebuild/

[greenginger]

Rangers First are to offer the club a soft loan. Given that they collect money to buy shares, they probably should be having a vote on this. It would pass but it's a sign of how desperate they are that they are bypassing this small technicality.
They are estimated to have about £500k.
They obviously don't want King to do his over investing this season. [emoji3]


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And how long will £ 500k keep the Sevco money eating machine going. A week, 10 days ?

Security ? maybe a guarantee from Mr King.

Money and drains come to mind.

[Bostonhibby]

http://www.eveningtimes.co.uk/sport/rangers/14098144.Ibrox_fan_ownership_group_hope_they_can_b e_the_loan_Rangers_to_help_Light_Blues_board_with_ Gers_rebuild/

Why would they need to mump such a comparatively small amount off this group when King is overinvesting from his billions?

Love the advert above the story flogging discount headstones - wonder if someone is having another laugh at the deceased teams expense.

[greenginger]

The weegie evening rag also has this story.




http://www.eveningtimes.co.uk/sport/13836057.Rangers_land_sought_after_Scotland_age_gr oup_captain_ahead_of_Celtic_showdown/?ref=ar

Jack Adamson ? will he be a big loss and are we due compensation ?

[hibs0666]

The weegie evening rag also has this story.




http://www.eveningtimes.co.uk/sport/13836057.Rangers_land_sought_after_Scotland_age_gr oup_captain_ahead_of_Celtic_showdown/?ref=ar

Jack Adamson ? will he be a big loss and are we due compensation ?

That's the third or fourth academy player that we have now lost to the timhuns in the last six months, and I think that Viola has been there or thereabouts with them all.

There is clearly an issue here.

[Ronniekirk]

The weegie evening rag also has this story.




http://www.eveningtimes.co.uk/sport/13836057.Rangers_land_sought_after_Scotland_age_gr oup_captain_ahead_of_Celtic_showdown/?ref=ar

Jack Adamson ? will he be a big loss and are we due compensation ?


I started a thread about this when story first broke in Ibrox Noise . The consensus seemed to be jack who ? And if memory serves me right his contract hadn't been renewed which allowed them to snap him up for nothing
My point at the time was he was a player that Stubbs had mentioned as being a potential first team player within a few years so presumably would of looked to have kept him .Time will tell if he is one that got away ,but it sounded like he might of been one of the players to bridge that Dissconnect between development squad and first team
So for me it was an indication Rangers know they need to start bringing
through thier own players ,and getting greater value from Murray Park ,but they are taking shortcuts by snapping up the best of youngsters from other clubs .

[Geo_1875]

I started a thread about this when story first broke in Ibrox Noise . The consensus seemed to be jack who ? And if memory serves me right his contract hadn't been renewed which allowed them to snap him up for nothing
My point at the time was he was a player that Stubbs had mentioned as being a potential first team player within a few years so presumably would of looked to have kept him .Time will tell if he is one that got away ,but it sounded like he might of been one of the players to bridge that Dissconnect between development squad and first team
So for me it was an indication Rangers know they need to start bringing
through thier own players ,and getting greater value from Murray Park ,but they are taking shortcuts by snapping up the best of youngsters from other clubs .

In 5 years time he'll be playing for Barnsley or still in the Championship with The New New Rangers.

[Bostonhibby]

In 5 years time he'll be playing for Barnsley or still in the Championship with The New New Rangers.

Or looking for a club when they go into admin, they lost plenty players they didn't want to / couldn't afford to, pay last time around!

[JeMeSouviens]

And how long will £ 500k keep the Sevco money eating machine going. A week, 10 days ?

Security ? maybe a guarantee from Mr King.

Money and drains come to mind.

:agree:

They'd be better keeping their money to buy TRFC ltd from the carcass of RIFC when it goes down the pan. BDO might be doing asset sale #2 in a year or so as well. :wink: In the long term some kind of fan owned New New Huns seems the likely end game I think.

[jacomo]

Dave King has really pulled a fast one here. Talks about 'over-investment' (he's done nothing of the sort) and makes Mike Ashley the bad guy.

Are the Huns bright enough to work it out?

[Treadstone]

Right Ozy - at the ready Ashley vs The Rangers just starting now. Tweeting allowed.

[JeMeSouviens]

And they're off ...

James Doleman ‏@jamesdoleman 44s44 seconds ago
MASH are asking for judicial review of SFA decision to grant Dave King "fit and proper" status and on his fine from SFA

[PatHead]

Dave King has really pulled a fast one here. Talks about 'over-investment' (he's done nothing of the sort) and makes Mike Ashley the bad guy.

Are the Huns bright enough to work it out?

The Evening Times article mentions that fans will be looking for King to invest now, the Daily Record article yesterday also didn't "big up" King or talk about any investment other than in the headline.

I wonder if the 3 Bears are now writing the script for the succulent press and we will start to see cracks in the relationship with King. Have they seen through him now. Maybe getting a plan in place in case King goes to jail?

[JeMeSouviens]

The Evening Times article mentions that fans will be looking for King to invest now, the Daily Record article yesterday also didn't "big up" King or talk about any investment other than in the headline.

I wonder if the 3 Bears are now writing the script for the succulent press and we will start to see cracks in the relationship with King. Have they seen through him now. Maybe getting a plan in place in case King goes to jail?

Think that's probably why Douglas Park has recovered from his illness and got back on the board.

[JeMeSouviens]

Oooh ...

James Doleman ‏@jamesdoleman 40s41 seconds ago
Judge, Lady Wolffe minded to grant judicial review requested by Mike Ashley. Dates now being discussed

[greenginger]

And they're off ...

James Doleman ‏@jamesdoleman 44s44 seconds ago
MASH are asking for judicial review of SFA decision to grant Dave King "fit and proper" status and on his fine from SFA


King must stay ! He is fit and proper, for the Huns anyway. :greengrin

[JeMeSouviens]

James Doleman ‏@jamesdoleman 5m5 minutes ago
Counsel for SFA says they have "no duty to provide explanations" to Mike Ashley.

James Doleman ‏@jamesdoleman 4m4 minutes ago
Counsel for SFA asks for hearing on 11 December were he will move to dismiss Mike Ashley motion, " no need to put it off"

James Doleman ‏@jamesdoleman 3m3 minutes ago
Counsel for SFA " I hardly need to remind you of difficulties Rangers, and Scottish football have faced" adds "this uncertainty must end"

[JeMeSouviens]

James Doleman ‏@jamesdoleman 2m2 minutes ago
Counsel for Dave King rises, says he is "happy to adopt SFA motions" asks for "end to uncertainty" and "expidited hearing"

[kaimendhibs]

Awww, poor The Rangers. SFA disgust me

[PatHead]

James Doleman ‏@jamesdoleman 3m3 minutes ago
Counsel for SFA " I hardly need to remind you of difficulties Rangers, and Scottish football have faced" adds "this uncertainty must end"[/QUOTE]


and whose fault is that? Almost as brass necked as The Rangers these *******s at the SFA.

[greenginger]

Just a thought about Dave King. If he gets banged up on his contempt charge in the London Courts will all the days he spends doing porridge count as days in the UK.

The HMRC could visit him inside and hit him with a UK tax assessment .

[jacomo]

James Doleman ‏@jamesdoleman 5m5 minutes ago
Counsel for SFA says they have "no duty to provide explanations" to Mike Ashley.

James Doleman ‏@jamesdoleman 4m4 minutes ago
Counsel for SFA asks for hearing on 11 December were he will move to dismiss Mike Ashley motion, " no need to put it off"

James Doleman ‏@jamesdoleman 3m3 minutes ago
Counsel for SFA " I hardly need to remind you of difficulties Rangers, and Scottish football have faced" adds "this uncertainty must end"

The SFA should explain their decision to the wider public though.

Just shows the contempt they hold for us.

[Moulin Yarns]

Just dawned on me that if it takes a maximum of 14 days to come up with a decision and the case is heard on 11 December we could have some Christmas present.

Personally I think King will win because the rules will be that vague that none will have been breached and the judicial review will fail. Don't think it is correct but he will wriggle out of it somehow.

11th February is the date for our diaries

[Treadstone]

Anyone read that Grant Russell tweet on 'mora' ?

Is this the SFA defence "why did you not say something at the time ?"

https://mobile.twitter.com/stvgrant/status/669112617265463297

[PatHead]

Just a thought about Dave King. If he gets banged up on his contempt charge in the London Courts will all the days he spends doing porridge count as days in the UK.

The HMRC could visit him inside and hit him with a UK tax assessment .

Absolutely no reason why not. It is not as though he is in a foreign embassy or anything, legally a prison is in the UK albeit at her majesty's (and our great) pleasure.

[Hibee87]

Just dawned on me that if it takes a maximum of 14 days to come up with a decision and the case is heard on 11 December we could have some Christmas present.

Personally I think King will win because the rules will be that vague that none will have been breached and the judicial review will fail. Don't think it is correct but he will wriggle out of it somehow.

http://spfl.co.uk/docs/067_324__articlesofthespfllimited_1375800575.pdf

page 24, section 94 I think is the Fit and Proper person criteria, not sure if any were bent or broken for King as I not had the time to read it yet

[JeMeSouviens]

James Doleman ‏@jamesdoleman 15m15 minutes ago
Lady Wolffe rules she will hold 2 day hearing on 11 Feb Rejects SFA/King motion for preliminary diet in December

[JeMeSouviens]

James Doleman ‏@jamesdoleman 4m4 minutes ago
Consensus in coury is that today was big win for Mike Ashley. SFA/King motion for quick dismissal rejected, will now be substantive hearing.

[kaimendhibs]

James Doleman ‏@jamesdoleman 4m4 minutes ago
Consensus in coury is that today was big win for Mike Ashley. SFA/King motion for quick dismissal rejected, will now be substantive hearing.

😄😄

[Ronniekirk]

James Doleman ‏@jamesdoleman 15m15 minutes ago
Lady Wolffe rules she will hold 2 day hearing on 11 Feb Rejects SFA/King motion for preliminary diet in December

I like Lady Wolf s tone:wink:

[PatHead]

James Doleman ‏@jamesdoleman 15m15 minutes ago
Lady Wolffe rules she will hold 2 day hearing on 11 Feb Rejects SFA/King motion for preliminary diet in December

How do you have a 2 day hearing on one day?

[Brightside]

That's the third or fourth academy player that we have now lost to the timhuns in the last six months, and I think that Viola has been there or thereabouts with them all.

There is clearly an issue here.

I agree - its a disgrace that agents are punting u16s players around just so parents and agents can get back handers. There must be a law against underage "employment" and payments.

[hibs0666]

I agree - its a disgrace that agents are punting u16s players around just so parents and agents can get back handers. There must be a law against underage "employment" and payments.

I see no incentive for clubs like Hibs to nurture the best of young talent if the est of our laddies are to walk out the door as soon as they turn 16.

[Ozyhibby]

Apologies chaps, had stuff to sort out for the wee man's school.
Appears to be a solid win for Ashley with the SFA defence that they don't have to explain themselves to anyone let alone the likes of him.


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[ano hibby]

Always enjoy a read of this thread & the links attached.
There are some bright people posting on here so thanks for taking the time to contribute so others can follow what's going on.

I have a Q for said contributors:
TRFC will desperately want to splash out in the window now they have a title race on their hands. Given everything that's going on do you think they have the ability to invest..? Or is it contingent on X,Y,Z happening..?

[JeMeSouviens]

The SFA about to be hauled into court to explain part 374 of their Hun-at-all-costs strategy of rule bending *and* supposedly-a-Hun blogger John James gets through an entire article without positing anything! Happy days. :greengrin

https://johnjamessite.wordpress.com/2015/11/24/kings-omnishambles/

[Ozyhibby]

Always enjoy a read of this thread & the links attached.
There are some bright people posting on here so thanks for taking the time to contribute so others can follow what's going on.

I have a Q for said contributors:
TRFC will desperately want to splash out in the window now they have a title race on their hands. Given everything that's going on do you think they have the ability to invest..? Or is it contingent on X,Y,Z happening..?

They need external finance, and with all these legal bills piling up, quite a lot of it.


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[Bostonhibby]

The SFA should explain their decision to the wider public though.

Just shows the contempt they hold for us.

:agree: The very latest, up to date evidence that they don't really care what the ordinary fans want, many of us want to know why King is fit and proper (not to mention his predecessors). The SFA response reeks of an old boys club, looking internally and sucking up to a chosen few with a view to keeping their personal gravy train rolling.

Hopefully a judge who will not be influenced by traditions and dubious customs and practices.

[ano hibby]

They need external finance, and with all these legal bills piling up, quite a lot of it.


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Anyone like to put a number on how much they need to get out of their hole, settle legal & other 'one offs' before they can invest in squad?

[CropleyWasGod]

Always enjoy a read of this thread & the links attached.
There are some bright people posting on here so thanks for taking the time to contribute so others can follow what's going on.

I have a Q for said contributors:
TRFC will desperately want to splash out in the window now they have a title race on their hands. Given everything that's going on do you think they have the ability to invest..? Or is it contingent on X,Y,Z happening..?

We can only go on what's in the public domain.

Their recent accounts said that they needed £2.5m to get to the end of the season, and that the first tranche of that would be needed in December. How much that tranche is, and what it's needed for, we don't know.

We also don't know whether they have built in a contingency for losing the case over CG's legal fees, and how much they've budgeted for their own legal fees... which just got bigger this morning. :greengrin

So...on the back of all of that.... I'm thinking aloud here.... "without selling a couple of players, WTF would that money come from?"

Rangers First have said that they "might" give them £500k..... but that's very wooly.

Anything else, such as the possible boardroom changes which may lead to more investment, is speculation IMO

[JeMeSouviens]

Always enjoy a read of this thread & the links attached.
There are some bright people posting on here so thanks for taking the time to contribute so others can follow what's going on.

I have a Q for said contributors:
TRFC will desperately want to splash out in the window now they have a title race on their hands. Given everything that's going on do you think they have the ability to invest..? Or is it contingent on X,Y,Z happening..?

Without external finance, no chance.

The plan was probably to have a share issue round about now but with the ownership of the former Huns' assets likely to be in dispute for possibly years to come, that's a non-starter. So, possible sources of external finance:

- King, notable for the absence of ponying so far and probably can't get money out of SA even if he has it.

- Ashley, might've been a go-er if King had gone crawling immediately post-takeover. Instead he grandstanded and pissed Ashley off. Smart move, Kingy. :wink:

- 3 bears, have already produced substantial amounts of "soft loans" plus most of the cash to fund the takeover in the first place. These guys are rich but not super rich. They may provide enough to keep the lights on to protect their investments but that's probably about it.

Which leaves ...

- Mug Hun punters, as suggested in today's Evening Times. Expect them to be fleeced for all they're worth but that might be more of a lights-on sub than a transfer chest.

To summarise, think the Warbster will have to sell if he wants to do any buying. Should be a piece of piss for a whizz kid ex-City trader, no? :cb

[Bostonhibby]

Anyone like to put a number on how much they need to get out of their hole, settle legal & other 'one offs' before they can invest in squad?

Including Ashley (bless him) £10m short term? Assuming all the tax and NI is up to date this time.

[Ozyhibby]

We can only go on what's in the public domain.

Their recent accounts said that they needed £2.5m to get to the end of the season, and that the first tranche of that would be needed in December. How much that tranche is, and what it's needed for, we don't know.

We also don't know whether they have built in a contingency for losing the case over CG's legal fees, and how much they've budgeted for their own legal fees... which just got bigger this morning. :greengrin

So...on the back of all of that.... I'm thinking aloud here.... "without selling a couple of players, WTF would that money come from?"

Rangers First have said that they "might" give them £500k..... but that's very wooly.

Anything else, such as the possible boardroom changes which may lead to more investment, is speculation IMO

They are also due £250k fine for LNS and £150k costs.


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[Geo_1875]

To summarise, think the Warbster will have to sell if he wants to do any buying. Should be a piece of piss for a whizz kid ex-City trader, no? :cb

Who are they going to sell and who to?

Apart from Wallace I don't think they have any saleable assets in that team.

Maybe Celtc could buy Halliday to keep Scott Allan company.

[Ozyhibby]

Who are they going to sell and who to?

Apart from Wallace I don't think they have any saleable assets in that team.

Maybe Celtc could buy Halliday to keep Scott Allan company.

Tavernier to Leeds rumour going about. Maybe get £500k for him tops.


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[Ronniekirk]

I am no expert but it does seem that King is just doing what the previous regime did and continually borrow bits here and there to try and get them through to the end of the season
and promotion and hole of more money coming in then However unlike the last regime he has courted the support and got a significant number back on side and is now fleecing or getting loans from Rangers First and still hawking himself around the Trusts and And other bigger Supporters organisations presumably trying to get soft loans from them given share issue for supporters is on back burner
I don't think King bargained for Ashley being so difficult to deal with but he is persisting with his strategy to make him the bad guy and persuade fans not to buy merchandise in hope presumably of brining him back to the table for discussions to renegotiate contracts in Rangers favour and somehow paying Ashley off ,but that doesn't appear to be working so at the very least you would
think the three bears will be looking at what s happening and questioning the current strategy .
No doubt more twists And turns to come ,but the more we can cast doubt they might not win the Leaugue ,the more disharmony behind the scenes there will be .
All that arrogant talk of them winning the Leaugue like hearts did last year ,and rightfully taking thier place at the top of Scottish football which has struggled without thier leadership ,is coming home to roost .What was it they said We only need five new players to add to this squad ,and we will be challenging Celtic next season .The fans lapped it up at the start ,but some that I know have been worried for a while now that they needed to strengthen squad ,and how they would achieve this in January .

It will be interesting to see what they do and how this all plays out , I had assumed they would just find a way to keep the show on the road till they were promoted but cracks are appearing and nobody knows the exact situation .

The Heirachy of Scottish Football must be wishing Ashley had never invested in Rangersas it's clear he is prepared to take them on as well and they probably hasn't bargained on that .

[Geo_1875]

Tavernier to Leeds rumour going about. Maybe get £500k for him tops.


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Why would Leeds take him back? He can't defend and they've got better than him in other positions.

[jacomo]

I'm betting that Mike Ashley would see Rangers Retail go bankrupt before being forced back to the negotiation table by anybody.

Spectacular mis-calculation by King, who probably assumed that Sevco would get promoted last season and would now be challenging Celtc for the Premiership.

Reminiscent of Craig Whyte betting the farm on qualifying for the CL group stage.

[scoopyboy]

We can only go on what's in the public domain.

Their recent accounts said that they needed £2.5m to get to the end of the season, and that the first tranche of that would be needed in December. How much that tranche is, and what it's needed for, we don't know.

We also don't know whether they have built in a contingency for losing the case over CG's legal fees, and how much they've budgeted for their own legal fees... which just got bigger this morning. :greengrin

So...on the back of all of that.... I'm thinking aloud here.... "without selling a couple of players, WTF would that money come from?"

Rangers First have said that they "might" give them £500k..... but that's very wooly.

Anything else, such as the possible boardroom changes which may lead to more investment, is speculation IMO

Not in your league CWG when it comes to these things but I thought this morning it was Ashley vs SFA so how would it be costing Rangers money?

[CropleyWasGod]

Not in your league CWG when it comes to these things but I thought this morning it was Ashley vs SFA so how would it be costing Rangers money?

According to one of the Tweets earlier, DK had someone representing him this morning. Presumably, s/he will have to attend the case in February.

[scoopyboy]

According to one of the Tweets earlier, DK had someone representing him this morning. Presumably, s/he will have to attend the case in February.

Gotcha now CWG, told you I wasn't in your league.

[Ozyhibby]

Gotcha now CWG, told you I wasn't in your league.

There was also a rumour that the SFA would not be liable for any costs related to Sevco for a period of time as part of the 5 way agreement.


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[Ozyhibby]

https://johnjamessite.wordpress.com


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[PatHead]

I'm betting that Mike Ashley would see Rangers Retail go bankrupt before being forced back to the negotiation table by anybody.

Spectacular mis-calculation by King, who probably assumed that Sevco would get promoted last season and would now be challenging Celtc for the Premiership.

Reminiscent of Craig Whyte betting the farm on qualifying for the CL group stage.

This whole saga is so reminiscent of the Murray last days/administration/liquidation/problems with Whyte/Green/et al.

If this was a series on tv you would be saying that it mirrored the first series and was now boring as you knew what was going to happen.

The only difference is you have a new character Big, bad Mike who you can't work out how he will show his hand.

The longer this goes on the more I think it could end up in administration as Big, Bad Mike can't just take the club due to the SFA rules.

Unless there is a change in rules forced by someone?

[Ozyhibby]

From John James:-
“By my calculation there are now 6 ongoing cases involving Rangers FC.”

James Doleman, who was at The Court of Session this morning, has offered a Twitter prize for those who can name all six. I can name six. There is the Green/Whyte criminal case; Green’s costs case; Ashley’s interim injunction; King’s contempt of court hearing on 9th December; a two day Judicial Review of the SFA’s decision to approve a career criminal as ‘fit and proper‘ and a damages suit by former players who missed out on holiday pay.

-------
That is going to cost Sevco a lot of money in lawyers fees on top of the £2.5m they need to finish the season, the £400k for LNS plus any costs associated with losing some of the above cases.


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[Brunswickbill]

Here's my effort

Sevco’s other fixture list -Court cases relating to Sevco
7-11 Dec 2106 Crown V White, Green and cronies – fraudulent acquisition of Oldco Preliminary hearing. London
9 Dec 2015 Ashley V King Contempt of Court for breaching gagging order. Chancery Court London
4 Feb 2016 Ashley V SFA Judicial Review of SFA fine of £1000 for dual ownership / undue influence on Sevco board. Court of Session
11 Feb 2106 Ashley V SFA Judicial Review of King being declared a fit and proper person. Court of Session
Date? Hearing on Interdict stopping Sevco AGM considering Resolution 11.
Date? Decision on Green’s claim on Sevco to pay his legal fees.
Date? Appeal on Big Tax Case. Await decision by BDO
Date? Worthington Group / Law Financial claim on Sevco assets.
Date? Employment Tribunal to hear claim for holiday pay by 2 Former Sevco players. Could be 5 figure sum to 4 ex-players if successful

Open to correction by anyone TK.

[Ozyhibby]

Here's my effort

Sevco’s other fixture list -Court cases relating to Sevco
7-11 Dec 2106 Crown V White, Green and cronies – fraudulent acquisition of Oldco Preliminary hearing. London
9 Dec 2015 Ashley V King Contempt of Court for breaching gagging order. Chancery Court London
4 Feb 2016 Ashley V SFA Judicial Review of SFA fine of £1000 for dual ownership / undue influence on Sevco board. Court of Session
11 Feb 2106 Ashley V SFA Judicial Review of King being declared a fit and proper person. Court of Session
Date? Hearing on Interdict stopping Sevco AGM considering Resolution 11.
Date? Decision on Green’s claim on Sevco to pay his legal fees.
Date? Appeal on Big Tax Case. Await decision by BDO
Date? Worthington Group / Law Financial claim on Sevco assets.
Date? Employment Tribunal to hear claim for holiday pay by 2 Former Sevco players. Could be 5 figure sum to 4 ex-players if successful

Open to correction by anyone TK.

That last one, there are 12 players due outstanding money and it's believed to be a 6 figure sum. Only 4 are pursuing it through court but if they win then I think Sevco have to pay them all.
This is a clear remuneration default that the SFA have chosen to ignore as its their club.


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[Deansy]

From John James:-
“By my calculation there are now 6 ongoing cases involving Rangers FC.”

James Doleman, who was at The Court of Session this morning, has offered a Twitter prize for those who can name all six. I can name six. There is the Green/Whyte criminal case; Green’s costs case; Ashley’s interim injunction; King’s contempt of court hearing on 9th December; a two day Judicial Review of the SFA’s decision to approve a career criminal as ‘fit and proper‘ and a damages suit by former players who missed out on holiday pay.

-------
That is going to cost Sevco a lot of money in lawyers fees on top of the £2.5m they need to finish the season, the £400k for LNS plus any costs associated with losing some of the above cases.


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I was just sitting here wondering what actions/stance the SFA would be taking were it NOT the Hun involved in all these court-cases ?. After all, it's not really good for the image of our game, one club being perpetually involved in disputes/legal-actions etc.

Another thought occurred as well, I wonder if there's any danger, if all these legal-actions escalate, of their infamous 'Secret 5-way agreement' with the Hun being revealed ?. Now THAT would be a doozy were THAT to come out !!!

[CropleyWasGod]

I was just sitting here wondering what actions/stance the SFA would be taking were it NOT the Hun involved in all these court-cases ?. After all, it's not really good for the image of our game, one club being perpetually involved in disputes/legal-actions etc.

Another thought occurred as well, I wonder if there's any danger, if all these legal-actions escalate, of their infamous 'Secret 5-way agreement' with the Hun being revealed ?. Now THAT would be a doozy were THAT to come out !!!

In the classic HBO box set that is "Sevco", that particular reveal will only happen in Episode 12 of Season 5.

We're still a few "mysterious deaths" and "sex-tape scandals" short of that one...

[Hibee87]

Ive read a few times about this 5 way agreement, what is this? I have no idea :confused:

[JeMeSouviens]

Ive read a few times about this 5 way agreement, what is this? I have no idea :confused:

Agreement between SFA, SPL, SFL, Old Huns and Sevco.

It basically paved the way for Sevco to take over the Old Huns SFA membership and be admitted to SFL division 3 in exchange for taking over the "football debts" of the Old Huns and the punishments they were given for entering administration (fine and transfer embargo although the latter was almost completely neutered by moving it to after the transfer window). It also gives various guarantees to Sevco that they won't inherit any further punishments given to the Old Huns over EBTs etc.

I'm sure there at least draft copies floating about if not the full thing.

[JeMeSouviens]

Here you go:

http://www.sfm.scot/wp-content/uploads/2015/11/164607084-5-Way-Agreement-As-issued-to-all-parties-for-signature-1.pdf

[Deansy]

Ive read a few times about this 5 way agreement, what is this? I have no idea :confused:

I prefer to call it the '5 deals we did with the Hun that if revealed, would finish us !!' agreement !!

[Hibee87]

Thanks guys, no even going to attempt to figure it out.......but surely someone should make mr ashely aware, if he has any grumblings about the SPFL/SFA/Whoever passed King as fit and proper im sure he could get his lawyers to find some dodgyness in there :thumbsup:

[Gingertosser]

Ive read a few times about this 5 way agreement, what is this? I have no idea :confused:

A draft copy was release by Charlottefakes a few years ago.

It was an agreement between Rangers (in liquidation) / Sevco / SPL / SFA / SFL.

Basically it said that if R(IL) or Sevco didn't take SPL/SFS/SFL to court, then they would not punish R(IL) or Sevco for EBT's or wrongful player registrations.

Seems to explain quite a lot these days......

[Sergey]

Thanks guys, no even going to attempt to figure it out.......but surely someone should make mr ashely aware, if he has any grumblings about the SPFL/SFA/Whoever passed King as fit and proper im sure he could get his lawyers to find some dodgyness in there :thumbsup:

The SPFL/SFA don't hold monopoly is passing some right dodgy geezers as 'fit & proper'. In no order, The FA and EPL have given the green light to:

Cellino - Leeds Utd
Shinawatra - Man City
Antonov - Portsmouth
Yeung <sp> - Birmingham City

I could list another handful in the lower leagues and these are only recent cases.

[Newry Hibs]

A draft copy was release by Charlottefakes a few years ago.

It was an agreement between Rangers (in liquidation) / Sevco / SPL / SFA / SFL.

Basically it said that if R(IL) or Sevco didn't take SPL/SFS/SFL to court, then they would not punish R(IL) or Sevco for EBT's or wrongful player registrations.

Seems to explain quite a lot these days......

So .... no cups withheld or points deducted then?

[greenginger]

Details of today's case,



https://lefthooked.wordpress.com/2015/11/24/mike-ashley-v-the-scottish-football-association/


Interesting piece to towards the end,

Complaint against King that he had caused RFC to borrow from third parties and in doing so revealed the details of the confidential agreement between RFC/RangersRetail/Sportsdirect.

Now , could this be some other borrowing that we have not heard about. Three bears loan was well before the secrecy injunction.

[oldbutdim]

Details of today's case,



https://lefthooked.wordpress.com/2015/11/24/mike-ashley-v-the-scottish-football-association/


Interesting piece to towards the end,

Complaint against King that he had caused RFC to borrow from third parties and in doing so revealed the details of the confidential agreement between RFC/RangersRetail/Sportsdirect.

Now , could this be some other borrowing that we have not heard about. Three bears loan was well before the secrecy injunction.


I'm missing that bit?

Was it not the Jim White 'interview' that the Lying King spilled the beans?

[Baldy Foghorn]

I'm missing that bit?

Was it not the Jim White 'interview' that the Lying King spilled the beans?

It's very murky, and getting quite interesting, succulent lamb on the menu:cb

[greenginger]

I'm missing that bit?

Was it not the Jim White 'interview' that the Lying King spilled the beans?


I'm missing that bit now as well :confused:

Could swear I read that before I posted. :confused:

[Ozyhibby]

Details of today's case,



https://lefthooked.wordpress.com/2015/11/24/mike-ashley-v-the-scottish-football-association/


Interesting piece to towards the end,

Complaint against King that he had caused RFC to borrow from third parties and in doing so revealed the details of the confidential agreement between RFC/RangersRetail/Sportsdirect.

Now , could this be some other borrowing that we have not heard about. Three bears loan was well before the secrecy injunction.

The SFA do not have a leg to stand on especially if they show up at court with a defence of 'it's none of your business'.
If they lose, Ashley could sue them for the millions he has lost since Dave King was allowed in by them.


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[CropleyWasGod]

RFC now demanding that every Court in Scotland has a Rangers end.

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[jacomo]

RFC now demanding that every Court in Scotland has a Rangers end.

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Are they boycotting court-related merch though?

[grunt]

RFC now demanding that every Court in Scotland has a Rangers end.

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They could call it, "the dock".

[s.a.m]

They could call it, "the dock".

:greengrin :top marks

[Hibby70]

"Orange order in court"

[jgl07]

What do you call a Rangers director in a suit?

The same as one not wearing a suit, 'the Accused'!

[Brunswickbill]

What do you call a Rangers director in a suit?

The same as one not wearing a suit, 'the Accused'!

The King has no clothes.

[Bostonhibby]

Are they boycotting court-related merch though?
Yep, all wigs black listed, except for those rather camp powdered and perfume scented ones king Willy used to wear.

[Springbank]

RFC now demanding that every Court in Scotland has a Rangers end.

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Coisty will be along in a minute, despite the fact Dave King was represented in court today, to say "who is Lady Wolff? We demand to know the identity of these people"

[Deansy]

Everything seems to be, so far, not going well for the Hun court-wise. I just can't believe 'ra peepil' have allowed the courts to deteriorate to such a level where there's a danger they might get courts\judges who aren't in 'the order' - is LNS one of the few remaining ?.

Seems it's not only on the football-pitch that their influence is waning !

[Onion]

The King has no clothes.

:greengrin Very good.

[steakbake]

Clumpany's post was interesting on how the SFA's argument yesterday was that "Scottish football" (aka Rangers) was being damaged by this.

They have a criminal lack imagination on how to run the game.

[jacomo]

Clumpany's post was interesting on how the SFA's argument yesterday was that "Scottish football" (aka Rangers) was being damaged by this.

They have a criminal lack imagination on how to run the game.

The amazing thing is that they stick to this course, even as Charles Green and Craig Whyte face criminal proceedings, and King is revealed as the glib and shameless liar known to the SA courts.

Nope, must be everyone else's fault.

[GordonHFC]

Murray - Crook
White - Crook
Green - Crook
King - Crook

Am I the only one to see a pattern here.

[Bostonhibby]

Murray - Crook
White - Crook
Green - Crook
King - Crook

Am I the only one to see a pattern here.
Is the pattern that they are all fit and proper persons?

Or at least they were after a couple of coats of whitewash.

[Gettin' Auld]

If their financial difficulties get any worse, they'll have to change one of their chants.......

"We are the Paypal"

[CropleyWasGod]

http://m.heraldscotland.com/sport/14100634._Outsider__Brown_back_in_special_ambassad orial_role_for_Rangers/?ref=rss&utm_source=twitterfeed&utm_medium=twitterfeed

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[AndyM_1875]

http://m.heraldscotland.com/sport/14100634._Outsider__Brown_back_in_special_ambassad orial_role_for_Rangers/?ref=rss&utm_source=twitterfeed&utm_medium=twitterfeed

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This'll be good....

:lolrangers::LOL:

[JimBHibees]

This'll be good....

:lolrangers::LOL:

Surely an impartial journalist wouldnt use this line.

"Now Bomber has become a public face of the club which is another sign of the complete change in the governance of Rangers since the Dave King takeover nine months ago".

[CropleyWasGod]

This'll be good....

:lolrangers::LOL:

It's the thought of a megalomaniac sending a bomber to Russia that worries me.

[JimBHibees]

It's the thought of a megalomaniac sending a bomber to Russia that worries me.

:not worth:not worth

[Bostonhibby]

http://m.heraldscotland.com/sport/14100634._Outsider__Brown_back_in_special_ambassad orial_role_for_Rangers/?ref=rss&utm_source=twitterfeed&utm_medium=twitterfeed

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Cringeworthy, but helps King keep the hordes onside to have a the rangers man spouting to the hordes in a language they want to hear as a distraction from the real issues.

However it's likely that "Bomber" will be hung out to dry in the end - now that he has moved from saying who he doesn't support running the club to being one of Kings' men this could be "Bomber"'s medals MacKay/Fatty Foulkes moment. Lining himself up to Dodgy Dave does feel a bit like Foulkes and Mackay's Brown nosing with mad Vlad all those years ago - Vlad at least produced money to maintain the illusion, albeit that we now know it was stolen from a list of people as long as your arm.

Still, glad "Bomber" is one of them.

[Deansy]

Surely an impartial journalist wouldnt use this line.

"Now Bomber has become a public face of the club which is another sign of the complete change in the governance of Rangers since the Dave King takeover nine months ago".

Complete turnaround from his previous position with them - 'Public FARCE of the club' !!

[Moulin Yarns]

If their financial difficulties get any worse, they'll have to change one of their chants.......

"We are the Paypal"

Somehow I don't think they will be singing "we are the Papal"

[Ozyhibby]

https://johnjamessite.wordpress.com/2015/11/25/kings-greenmail/


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[Ozyhibby]

http://www.philmacgiollabhain.ie/judge-general-and-executioner/


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[brog]

Surely an impartial journalist wouldnt use this line.

"Now Bomber has become a public face of the club which is another sign of the complete change in the governance of Rangers since the Dave King takeover nine months ago".

Lindsay Herron, son of Allan Herron late of the Sunday Mason. Dynastic incompetence! I remember when The Herald was a respected newspaper. Now it just prints propaganda for whichever master it's serving at that time. Just what Brown visiting Moscow has to do with governance is anyone's guess but it does at least remind us of the riots that accompanied Oldco's European triumph! Mind you I remember watching the battle on the pitch & being somewhat torn as to who I wanted to win between the Oldco hordes & Franco's National Guard! A bit of a win/win really!

[JimBHibees]

Lindsay Herron, son of Allan Herron late of the Sunday Mason. Dynastic incompetence! I remember when The Herald was a respected newspaper. Now it just prints propaganda for whichever master it's serving at that time. Just what Brown visiting Moscow has to do with governance is anyone's guess but it does at least remind us of the riots that accompanied Oldco's European triumph! Mind you I remember watching the battle on the pitch & being somewhat torn as to who I wanted to win between the Oldco hordes & Franco's National Guard! A bit of a win/win really!

Really didnt realise that :rolleyes:, thought Dad was an atrocious writer very much in the role of the succulent lamb brigade.

[brog]

https://johnjamessite.wordpress.com/2015/11/25/kings-greenmail/


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This must be the disappearing passage that GG referred to yesterday. At least one thing is now clear. It appears King tried to do a quick in/out of his shares in order to make a very rapid profit of about £2.5m. That provides at least a partial answer to the many posts on here wondering what was in it for King.

[jacomo]

This is delicious. It seems like King's regime is falling to pieces. If the fans do pour some more cash in, and King doesn't, I'm not sure even Bomber and Level 5 can protect him.

[Deansy]

https://johnjamessite.wordpress.com/2015/11/25/kings-greenmail/


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Sorry but this reads like bad news to me - I read it like King's gonna be history very soon and the GFA will also escape having to reveal everything they've 'done' with the Hun ?. Please someone tell me I'm completely wrong and that King will still be there at least until the end of the January transfer-window ?

[brog]

Nixon, Jeffrey Archer, & Jonathan Aitken were all brought down, not by their original acts but by their failed attempts at a cover up. Methinks, or even I posit, :wink: the same fate may await King! This is fun!

[CropleyWasGod]

Sorry but this reads like bad news to me - I read it like King's gonna be history very soon and the GFA will also escape having to reveal everything they've 'done' with the Hun ?. Please someone tell me I'm completely wrong and that King will still be there at least until the end of the January transfer-window ?

There's bad news and there's less-bad news.

Whilst King's removal may reduce the amount of amusement, there is still the need for cash. In December.

As for the SFA getting off the hook, I don't see it. Whether or not DK is still in post, MA's case against them will still go ahead.

[God Petrie]

What is going to happen to the huns in all of this. It seems to be painted as King vs Ashley with the SFA getting caught in the crossfire with no mention of what will happen to the club.

[Ozyhibby]

Sorry but this reads like bad news to me - I read it like King's gonna be history very soon and the GFA will also escape having to reveal everything they've 'done' with the Hun ?. Please someone tell me I'm completely wrong and that King will still be there at least until the end of the January transfer-window ?

It's hard to see this ending well for them whichever way it goes. Even if they through King under a bus and go begging to Mike Ashley, they won't be able to repair the damage to his reputation and get the fans back behind him. He will want compensated for that.
Mike Ashley could save them from admin but he won't spend a penny he does not have to and will be taking a lot more money out than he will be putting in. And he won't do any of that till he has total control and to get that he needs to see the SFA in court.


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[CropleyWasGod]

What is going to happen to the huns in all of this. It seems to be painted as King vs Ashley with the SFA getting caught in the crossfire with no mention of what will happen to the club.

They need cash. Now-ish.

In that light, the Court cases are a sideshow to an extent, albeit a financially-draining one.

[ACLeith]

It's hard to see this ending well for them whichever way it goes. Even if they through King under a bus and go begging to Mike Ashley, they won't be able to repair the damage to his reputation and get the fans back behind him. He will want compensated for that.
Mike Ashley could save them from admin but he won't spend a penny he does not have to and will be taking a lot more money out than he will be putting in. And he won't do any of that till he has total control and to get that he needs to see the SFA in court.


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Is MA not limited by dual ownership?

[Off the bar]

Is MA not limited by dual ownership?

On paper he is, but if the SFA think MA is the only show in town who can save the unthinkable armegedon of sevco going bust again, do you think the SFA will let a little thing like the rule book stop him taking over?

[Deansy]

There's bad news and there's less-bad news.

Whilst King's removal may reduce the amount of amusement, there is still the need for cash. In December.

As for the SFA getting off the hook, I don't see it. Whether or not DK is still in post, MA's case against them will still go ahead.



It's hard to see this ending well for them whichever way it goes. Even if they through King under a bus and go begging to Mike Ashley, they won't be able to repair the damage to his reputation and get the fans back behind him. He will want compensated for that.
Mike Ashley could save them from admin but he won't spend a penny he does not have to and will be taking a lot more money out than he will be putting in. And he won't do any of that till he has total control and to get that he needs to see the SFA in court.


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Phew - both explanations/opinions I very much like - cheers gents :applause:

[PatHead]

On paper he is, but if the SFA think MA is the only show in town who can save the unthinkable armegedon of sevco going bust again, do you think the SFA will let a little thing like the rule book stop him taking over?

Problem for the SFA is that everyone is watching now and they are aware that people may ask questions. They will have to not only be whiter than white but to be seen so.

Wonder who will take the bullet for the SFA with a nice payoff?

[Ozyhibby]

https://johnjamessite.wordpress.com/2015/11/25/annual-general-melee/


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[ACLeith]

On paper he is, but if the SFA think MA is the only show in town who can save the unthinkable armegedon of sevco going bust again, do you think the SFA will let a little thing like the rule book stop him taking over?

If they are shown up in court as the corrupt group we believe them to be they, or at least fairly honest successors, might have to then follow, follow the rules? Or am I just pathetically naive?

[PatHead]

Is it worth Mike Ashley's while saving them from admin?

He has secured loans, owns the rights to the badges, merchandise, etc.

He could sell/loan all these to Third Rangers for a great profit.

It may well be the beginning of Ashley's exit strategy.

[PatHead]

Notice Douglas Ireland Park is appointed as a Director

The appointment of Douglas Park to the RIFC Board has been notified to Companies House.
19 Nov 2015 Appointment of Douglas Ireland Park as a director on 16 November 2015

[Hibee87]

https://johnjamessite.wordpress.com/2015/11/25/annual-general-melee/


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Am I understanding the last paragraph correctly in saying that, albeit rumors at this stage, greens plea for legal fees will be paid? so any money raised by rangers form loans, as hinted in the evening times, may come form the supporters (500k) would instantly be siphoned off to green and his legal team? and obviously if they decide to not provide some funding, it will need to come from somewhere within the current rangers set up? if so it all seems very pleasing :greengrin

[CropleyWasGod]

Am I understanding the last paragraph correctly in saying that, albeit rumors at this stage, greens plea for legal fees will be paid? so any money raised by rangers form loans, as hinted in the evening times, may come form the supporters (500k) would instantly be siphoned off to green and his legal team? and obviously if they decide to not provide some funding, it will need to come from somewhere within the current rangers set up? if so it all seems very pleasing :greengrin

If I were RF, which after all is its members, I would want guarantees about how their cash is to be used. Bottom of that list would be paying CG's legal fees.

However, and this is their dilemma.... if that's what it takes to keep the lights on, do they part with their cash? Or hold on to it, pending Admin 2, a new regime, and a "safer" home for the money?

[ehf]

Am I understanding the last paragraph correctly in saying that, albeit rumors at this stage, greens plea for legal fees will be paid? so any money raised by rangers form loans, as hinted in the evening times, may come form the supporters (500k) would instantly be siphoned off to green and his legal team? and obviously if they decide to not provide some funding, it will need to come from somewhere within the current rangers set up? if so it all seems very pleasing :greengrin

That's the essence of it; the Huns' money will all be going to pay for the defence of the guy who shafted theire club. Truly wonderful :greengrin

[JimBHibees]

Notice Douglas Ireland Park is appointed as a Director

The appointment of Douglas Park to the RIFC Board has been notified to Companies House.
19 Nov 2015 Appointment of Douglas Ireland Park as a director on 16 November 2015

Green, White and now someone called Ireland, whats the world coming to. :greengrin

[Cropley10]

Am I understanding the last paragraph correctly in saying that, albeit rumors at this stage, greens plea for legal fees will be paid? so any money raised by rangers form loans, as hinted in the evening times, may come form the supporters (500k) would instantly be siphoned off to green and his legal team? and obviously if they decide to not provide some funding, it will need to come from somewhere within the current rangers set up? if so it all seems very pleasing :greengrin

Yes - and here's the best bit. There's an opinion that the ONLY thing the RST and Rangers First can use their subscription income for is to buy shares - which means they CANNOT provide a soft loan in return for equity, later.

Which means the Directors, who aren't rich enough to be able to afford to do this anyway, will have to fund Green AND fund defending litigation from Ashley.

Meanwhile the Evening Times, Record and Herald are talking about the Hun strengthening their playing squad in January, whereas there's a good chance they'll have to flog a player or two.

Oh, its an awfy mess!:greengrin

[Cropley10]

If I were RF, which after all is its members, I would want guarantees about how their cash is to be used. Bottom of that list would be paying CG's legal fees.

However, and this is their dilemma.... if that's what it takes to keep the lights on, do they part with their cash? Or hold on to it, pending Admin 2, a new regime, and a "safer" home for the money?

Apparently the money provided by the members is to buy the Club's shares, not to advance cash...

[#FromTheCapital]

Haven't been following this very closely. Can someone explain, what's the worst outcome for the Huns here? Does administration loom if they don't get a cash injection fairly soon?

[CropleyWasGod]

Apparently the money provided by the members is to buy the Club's shares, not to advance cash...

That's even better. So the Evening Times story is unravelling even more. :greengrin

Do you have a (credible :greengrin) source for that?

[PatHead]

If I were RF, which after all is its members, I would want guarantees about how their cash is to be used. Bottom of that list would be paying CG's legal fees.

However, and this is their dilemma.... if that's what it takes to keep the lights on, do they part with their cash? Or hold on to it, pending Admin 2, a new regime, and a "safer" home for the money?

Sorry CWG a couple of questions

1. Would it be admin 2 or is it the parent company that go into admin and an attempt would be made to sell the subsiduary (The Rangers) as a going concern?

2. Do you see administration as more likely giving the events of the last couple of days and the amount of costs for court cases?

[CB_NO3]

Haven't been following this very closely. Can someone explain, what's the worst outcome for the Huns here? Does administration loom if they don't get a cash injection fairly soon?
It looks like they are going to get a cash injection of 500k from Rangers First through a soft loan.

[CropleyWasGod]

Haven't been following this very closely. Can someone explain, what's the worst outcome for the Huns here? Does administration loom if they don't get a cash injection fairly soon?

We can't know that.

They told us in their accounts that they need cash in December. How much, and for what, we don't know.

It's possible that they already have it, but I'm sure they (or Level 5) would have been shouting if they had.

[PatHead]

By the way the local hun has just advised me that Mike Ashley owns the sponsorship rights for their shirt next season.

Wonder if he will go for Sports Direct or sell them to the highest bidder. Would love it if he allowed the Scottish Catholic International Aid Fund to get their name on it or Irish Tourist Board put in the highest bid.

[CropleyWasGod]

Sorry CWG a couple of questions

1. Would it be admin 2 or is it the parent company that go into admin and an attempt would be made to sell the subsiduary (The Rangers) as a going concern?

2. Do you see administration as more likely giving the events of the last couple of days and the amount of costs for court cases?

1. I'd reckon that the parent company would go first, but often in these situations it's a deck of cards, and associated companies follow. I'm not sure that the subsidiary would be all that attractive to a potential buyer, given the history and doubt about ownerships etc.

2. I'm still sticking to my gut feeling (and it's no more than that) that they will manage to get to the end of the season. However, using my head, there is no doubt that the legal costs are, like you say, making it increasingly difficult for them.

[green glory]

By the way the local hun has just advised me that Mike Ashley owns the sponsorship rights for their shirt next season. Wonder if he will go for Sports Direct or sell them to the highest bidder. Would love it if he allowed the Scottish Catholic International Aid Fund to get their name on it or Irish Tourist Board put in the highest bid.

I'd forgotten about that. He he.

[PatHead]

1. I'd reckon that the parent company would go first, but often in these situations it's a deck of cards, and associated companies follow. I'm not sure that the subsidiary would be all that attractive to a potential buyer, given the history and doubt about ownerships etc.

2. I'm still sticking to my gut feeling (and it's no more than that) that they will manage to get to the end of the season. However, using my head, there is no doubt that the legal costs are, like you say, making it increasingly difficult for them.

I do wonder if they might take their chances on getting a 25 point penalty and still making the playoffs rather than starting next season, wherever they are playing on -25 points.

If they see admin as a "way out" they might go for it.

We will know by the MSM talk over the next few months. Doubtless it would be done for the good of Scottish Football.

[JeMeSouviens]

Sorry CWG a couple of questions

1. Would it be admin 2 or is it the parent company that go into admin and an attempt would be made to sell the subsiduary (The Rangers) as a going concern?

2. Do you see administration as more likely giving the events of the last couple of days and the amount of costs for court cases?

In terms of the 25 pt penalty, it doesn't matter whether it's TRFC or RIFC that go into admin. The rule covers either.

There's also another possibility: that Ashley forces King out, comes to an accommodation with the 3 bears, gets a couple of his guys on the board and releases the 2nd half of the £10M loan they agreed. That would probably keep the lights on.

[JimBHibees]

I do wonder if they might take their chances on getting a 25 point penalty and still making the playoffs rather than starting next season, wherever they are playing on -25 points.

If they see admin as a "way out" they might go for it.

We will know by the MSM talk over the next few months. Doubtless it would be done for the good of Scottish Football.

If they lost 25 points they would be joint 7th with St Mirren at present.

[scoopyboy]

If they lost 25 points they would be joint 7th with St Mirren at present.

But would still have a chance of finishing fourth.

[CropleyWasGod]

But would still have a chance of finishing fourth.

... and, conversely, given that they would have to shed a few players, they might manage the play-offs at the other end. :greengrin

Remember, too, it would be 25 points of a deduction next season as well.

[Ozyhibby]

http://images.tapatalk-cdn.com/15/11/25/83e037499710fb926d7056e93da30223.jpg
RangerFirst need permission of the membership to buy anything but shares.
They still have not done that yet so they are a bit away from handing over any cash.


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[Dashing Bob S]

1. I'd reckon that the parent company would go first, but often in these situations it's a deck of cards, and associated companies follow. I'm not sure that the subsidiary would be all that attractive to a potential buyer, given the history and doubt about ownerships etc.

2. I'm still sticking to my gut feeling (and it's no more than that) that they will manage to get to the end of the season. However, using my head, there is no doubt that the legal costs are, like you say, making it increasingly difficult for them.

I think they'll probably sell one or two assets (Tavernier, Waghorn or Wallace) to make sure they are okay. Then they will smokescreen the gullible, with the help of the Daily Record etc with nonsense about 'war chests' and a couple of set-up-to-fail bids for players from other clubs. This to be followed by nonsense like 'we won't be held to ransom' or 'because it's Rangers they think they can charge more' with more 'war chest' bluster for when they reach the Premier.

I don't think they'll go into admin, though I obviously hope so, but I do think they'll be a bit weaker in the second half of the season.

[Ozyhibby]

I think they'll probably sell one or two assets (Tavernier, Waghorn or Wallace) to make sure they are okay. Then they will smokescreen the gullible, with the help of the Daily Record etc with nonsense about 'war chests' and a couple of set-up-to-fail bids for players from other clubs. This to be followed by nonsense like 'we won't be held to ransom' or 'because it's Rangers they think they can charge more' with more 'war chest' bluster for when they reach the Premier.

I don't think they'll go into admin, though I obviously hope so, but I do think they'll be a bit weaker in the second half of the season.

I really don't think they will be in control by the end. I think they will be overwhelmed by the avalanche of legal bills going out and an inability to secure funding created by all the uncertainty.
Even without the legal bills they need £2.5m + £0.4m to finish the season.
If the have to pay Green's legal fees then that will be another £0.5m but could rise way higher (John James estimates £5m but I think that's a bit high). In the end I think events will overtake any plan they might have.


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[PatHead]

I really don't think they will be in control by the end. I think they will be overwhelmed by the avalanche of legal bills going out and an inability to secure funding created by all the uncertainty.
Even without the legal bills they need £2.5m + £0.4m to finish the season.
If the have to pay Green's legal fees then that will be another £0.5m but could rise way higher (John James estimates £5m but I think that's a bit high). In the end I think events will overtake any plan they might have.


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I often hear from business people who have seen their business fail words to the effect that they tried to hang on too long thinking an upturn was just around the corner and they should have gone to the wall earlier as looking back on it, it was never going to work.

Wonder when they will reach that point as every time they get past one benchmark another two (court cases or dodgy businessmen) appear.

I am struggling to see how they get out of this and how they can generate the income they need to survive without income from merchandising, jersey sponsorship and eventual repayment of loans. Not to mention investing in the new players they need.

Not going to lose sleep over it though.

[PatHead]

According to the BBC David Cunningham King paid a visit to the SPFL today. He says it was a courtesy call.

Wonder what was discussed.

Can we get our prize money early please as we are going to win the league or how dare a referee not give us a penalty in the last minute, do you not know who we are?

[southsider]

Ozy is a star for posting jj & phil's blogs. Great stuff.

[Bostonhibby]

According to the BBC David Cunningham King paid a visit to the SPFL today. He says it was a courtesy call.

Wonder what was discussed.

Can we get our prize money early please as we are going to win the league or how dare a referee not give us a penalty in the last minute, do you not know who we are?
Handing the Xmas wine bottles in early just in case?

Maybe just fancied slapping a few about?

[Ozyhibby]

Ozy is a star for posting jj & phil's blogs. Great stuff.

Careful, I have a reputation to protect. [emoji3]


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[SanFranHibs]

According to the BBC David Cunningham King paid a visit to the SPFL today. He says it was a courtesy call.

Wonder what was discussed.

Can we get our prize money early please as we are going to win the league or how dare a referee not give us a penalty in the last minute, do you not know who we are?


Yes....but who was doing the 'curtseying'? :wink: