Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

https://uploads.tapatalk-cdn.com/20180113/eb2c3b05d0fd9fa5635db1fc70967aa7.jpg
Screenshot from the Daily Records ‘all is well at Ibrox, def no admin worries here’ report.
CWG, why would they set up an escrow account for a new manager?


Sent from my iPhone using TapatalkMaybe to let Aberdeen see that their compensation money was safe. AFC, as Brighton did, were possibly doing due diligence.

It's ok, though. Super Ally says Rangers don't have a problem. I think we can finally close this thread.

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[Ozyhibby]

Maybe to let Aberdeen see that their compensation money was safe. AFC, as Brighton did, were possibly doing due diligence.

It's ok, though. Super Ally says Rangers don't have a problem. I think we can finally close this thread.

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I saw that, although he did say ‘hopefully’ about 5 times.[emoji23]


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[wallpaperman]

Those loveable scamps have been spreading their gospel in Florida with their unique songbook.

Link from the Sun newspaper website (unfortunately)

https://www.thescottishsun.co.uk/news/2087625/rangers-fans-billy-boys-fenian-blood-song-florida-cup-video-tv-presenter-dancing/

[Mr White]

Those loveable scamps have been spreading their gospel in Florida with their unique songbook.

Link from the Sun newspaper website (unfortunately)

https://www.thescottishsun.co.uk/news/2087625/rangers-fans-billy-boys-fenian-blood-song-florida-cup-video-tv-presenter-dancing/

Got to laugh at the defence put up by the hun girl in the video

https://www.thescottishsun.co.uk/news/2088347/alicia-wiggins-billy-boys-rangers-ran-responds-florida-cup/

"It wasn't just me, the whole stand was singing".

Again sorry for the link to the sun.

[ehf]

Those loveable scamps have been spreading their gospel in Florida with their unique songbook.

Link from the Sun newspaper website (unfortunately)

https://www.thescottishsun.co.uk/news/2087625/rangers-fans-billy-boys-fenian-blood-song-florida-cup-video-tv-presenter-dancing/

Celebrating genocide, bigotry and religious hatred; it's the Rangers way.

[silverhibee]

Got to laugh at the defence put up by the hun girl in the video

https://www.thescottishsun.co.uk/news/2088347/alicia-wiggins-billy-boys-rangers-ran-responds-florida-cup/

"It wasn't just me, the whole stand was singing".

Again sorry for the link to the sun.

The majority as per and not a minority.

And still no statement from the Bears, getting lazy is Jaba.

[21.05.2016]

If they were to re-enter administration it truly would be a wonderful thing.

Despite all the threats and scare mongering from the huns and their apologists in the media last time about how without Rangers Scottish football was doomed, clubs would go bust, crowd numbers would plummet etc etc. it didn't happen and if anything Scottish football flourished with many clubs including ourselves getting record crowds.

The sooner that toxic institution is dead and buried for good the better.

[Billy Whizz]

Looks like they are selling him off to the highest bidder
Hope he stays put, smacks of desperation

http://www.bbc.co.uk/sport/football/42813292

[jacomo]

Got to laugh at the defence put up by the hun girl in the video

https://www.thescottishsun.co.uk/news/2088347/alicia-wiggins-billy-boys-rangers-ran-responds-florida-cup/

"It wasn't just me, the whole stand was singing".

Again sorry for the link to the sun.


Thick as mince.

[Aim Here]

Thick as mince.

Clearly. The smarter bulbs among the Rangers crowd would have replied 'b-b-but what about when Celtic fans sing IRA songs?'.

The real geniuses in the support would run with 'A bigger lad made me do it'.

[JeMeSouviens]

Murty on Morelos:


Other than that, he won’t be going anywhere. He is confused at the minute because there are figures being bandied around that would turn anyone’s head. How real they are, I’m not sure. It’s almost designed to confuse and unsettle.


Looks like Jabba's propaganda has managed to unsettle their own player for a change. :greengrin

[ballengeich]

BBCKheredine‏Verified account @BBCKheredine (https://twitter.com/BBCKheredine) 52m52 minutes ago (https://twitter.com/BBCKheredine/status/959027317900275715)




The word from China: source close to Beijing Renhe denies that the club made a multi-million pound bid for @RangersFC (https://twitter.com/RangersFC) Alfredo Morelos. Says their foreign player quota is full, and that there's a levy on foreign signings over $7 million.

122 replies . 327 retweets 377 likes










What a surprise.

[JeMeSouviens]

BBCKheredine‏Verified account @BBCKheredine (https://twitter.com/BBCKheredine) 52m52 minutes ago (https://twitter.com/BBCKheredine/status/959027317900275715)




The word from China: source close to Beijing Renhe denies that the club made a multi-million pound bid for @RangersFC (https://twitter.com/RangersFC) Alfredo Morelos. Says their foreign player quota is full, and that there's a levy on foreign signings over $7 million.

122 replies . 327 retweets 377 likes








What a surprise.

Wow! Scottish reporter follows up Sevco story by actually asking questions. Has he been banned from Ibrox yet? :greengrin

:lolrangers:

[Bostonhibby]

Wow! Scottish reporter follows up Sevco story by actually asking questions. Has he been banned from Ibrox yet? :greengrin

[emoji38]rangers:Club 18 st 72 will be along with an indignant statement in a minute.

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[ancient hibee]

Wow! Scottish reporter follows up Sevco story by actually asking questions. Has he been banned from Ibrox yet? :greengrin

:lolrangers:
Everyone at the BBC is I think.

[JeMeSouviens]

Everyone at the BBC is I think.

Afaik, it's just Chris McLaughlin. The beeb say they are not covering games at Ibrox until Sevco stop telling them who they can send. Chick must be seething. :na na:

[blackpoolhibs]

20129

[HoboHarry]

20129
That's pretty funny.....

[ballengeich]

An apology to @RangersFC (https://twitter.com/RangersFC) : despite what I was told from China, there was indeed a multi-million euro bid, indeed bids, from Beijing Renhe for striker Alfredo Morelos, with varying options for how it would have been structured. This retracts, and corrects my previous tweet.

7:10 am - 1 Feb 2018

An update from Kheredine.

[Springbank]

An apology to @RangersFC (https://twitter.com/RangersFC) : despite what I was told from China, there was indeed a multi-million euro bid, indeed bids, from Beijing Renhe for striker Alfredo Morelos, with varying options for how it would have been structured. This retracts, and corrects my previous tweet.

7:10 am - 1 Feb 2018

An update from Kheredine.

They forgot to add the words "Just cut and paste that Kheredine. Thanks, Dave King" at the end.

As in ""An apology to @RangersFC (https://twitter.com/RangersFC) : despite what I was told from China, there was indeed a multi-million euro bid, indeed bids, from Beijing Renhe for striker Alfredo Morelos, with varying options for how it would have been structured. This retracts, and corrects my previous tweet. Just cut and paste that Kheredine. Thanks, Dave King"

[brog]

They forgot to add the words "Just cut and paste that Kheredine. Thanks, Dave King" at the end.

As in ""An apology to @RangersFC (https://twitter.com/RangersFC) : despite what I was told from China, there was indeed a multi-million euro bid, indeed bids, from Beijing Renhe for striker Alfredo Morelos, with varying options for how it would have been structured. This retracts, and corrects my previous tweet. Just cut and paste that Kheredine. Thanks, Dave King"

What a farce! I suspect some agent is involved in the shenanigans here. Why would a Chinese club be offering euros to a Scottish club & what happened to the limit on foreign players? Well that's the MSM back in their box!

[CropleyWasGod]

What a farce! I suspect some agent is involved in tge shenanigans here. Why would a Chinese club be offering euros to a Scottish club & what happened to the limit on foreign players? Well that's the MSM back in their box!And, if there were such bids, given RFC's need for cash, why were they rejected?

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[HoboHarry]

And, if there were such bids, given RFC's need for cash, why were they rejected?

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I suppose it's possible that they could still get a bid as I think the Chinese window is open for another month. Still reeks of lies from Fat Jim (I imagine)

[Velma Dinkley]

Very weak journalism. Was he told something by a decent source in China or not? What was the source? Why apologise for reporting something he was told by a decent source? Why has another source superceded this one? When has the BBC previously incorrectly reported something about a Scottish football club and apologised for it?

[Ozyhibby]

Very weak journalism. Was he told something by a decent source in China or not? What was the source? Why apologise for reporting something he was told by a decent source? Why has another source superceded this one? When has the BBC previously incorrectly reported something about a Scottish football club and apologised for it?

Why apologies to Sevco at all? All sorts of stories have appeared linking McGinn to all sorts of clubs. We haven’t had a single apology?
Maybe it’s because this totally fictitious transfer was completely dreamy up inside Ibrox.


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[Tornadoes70]

Why apologies to Sevco at all? All sorts of stories have appeared linking McGinn to all sorts of clubs. We haven’t had a single apology?
Maybe it’s because this totally fictitious transfer was completely dreamy up inside Ibrox.


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:top marks

And then reported as fact from the largely Jabba controlled media puppets. Remember Radar reported a 6 million bid was being prepared from a German team for one of their players who iirc was later sold for substantially less than 1 million.

mon the cabbage!!!

[Ozyhibby]

https://thecelticblog.com/2018/02/blogs/humiliation-for-the-bbc-as-it-bows-down-to-sevco-over-the-phantom-morelos-story/


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[Hibs Class]

An apology to @RangersFC (https://twitter.com/RangersFC) : despite what I was told from China, there was indeed a multi-million euro bid, indeed bids, from Beijing Renhe for striker Alfredo Morelos, with varying options for how it would have been structured. This retracts, and corrects my previous tweet.

7:10 am - 1 Feb 2018

An update from Kheredine.

The Thes should let him go and better himself #handitin

[Mr White]

I wonder how much of a bill for new double glazing Kheredine would have been looking at if he hadn't tweeted that "clarification".

[brog]

https://thecelticblog.com/2018/02/blogs/humiliation-for-the-bbc-as-it-bows-down-to-sevco-over-the-phantom-morelos-story/


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Even allowing for the usual Celtc bias that's an excellent article. The Beeb should be ashamed.

[Just Alf]

Even allowing for the usual Celtc bias that's an excellent article. The Beeb should be ashamed.Really thought provoking.. I'd love to hear a Beeb response to that... Pity it won't ever happen.

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[Joe6-2]

And, if there were such bids, given RFC's need for cash, why were they rejected?

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Exactly, there is no way they would have turned it down

[Crazyhorse]

Really thought provoking.. I'd love to hear a Beeb response to that... Pity it won't ever happen.

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We need to move on from questioning anything that stinks of corruption around the hun. The BBC sucking Sevco'c tadger is something we will just have to accept.

[Just Alf]

We need to move on from questioning anything that stinks of corruption around the hun. The BBC sucking Sevco'c tadger is something we will just have to accept.Good point... Well made.... :agree:


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[Ozyhibby]

We need to move on from questioning anything that stinks of corruption around the hun. The BBC sucking Sevco'c tadger is something we will just have to accept.

Don’t think I could ever give up pointing out corruption if I suspect it.


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[660]

Don’t think I could ever give up pointing out corruption if I suspect it.


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You’re doing such a top job pointing out corruption that your strongly held beliefs have achieved the square root of **** all.

[Ozyhibby]

You’re doing such a top job pointing out corruption that your strongly held beliefs have achieved the square root of **** all.

Ouch, that feels personal. And there was me thinking I was up there with Woodward and Bernstein.


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[jacomo]

We need to move on from questioning anything that stinks of corruption around the hun. The BBC sucking Sevco'c tadger is something we will just have to accept.


Can’t do it. It’s a disgrace.

[Pedantic_Hibee]

Ouch, that feels personal. And there was me thinking I was up there with Woodward and Bernstein.


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As long as it's not Weinstein you'll be ok.

[ancient hibee]

Ouch, that feels personal. And there was me thinking I was up there with Woodward and Bernstein.


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If only it was Leonard Bernstein we could get a good tune to accompany the thread:greengrin

[Hibby70]

Ouch, that feels personal. And there was me thinking I was up there with Woodward and Bernstein.


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I always liked The Equalizer.

[blackpoolhibs]

I always liked The Equalizer.

Me too but when SDG scored the winner it was much better. :greengrin

[Alan62]

I see Murty has now been told to say that there definitely was a bid for Morelos and that they're now going to offer him an improved deal. You couldn't make it up. Horrible club.

[southsider]

I was speaking to a guy yesterday who lives in Glasgow. He goes to a bar that shows Scottish games live. He was there watching our 3-2 league win at Ibrox. The hatred towards Hibs and NL was much worse than any old firm game. Guy has no axe to grind as is a Dundee Utd fan (in Glasgow I know) and whose dad has always liked the Hibs. Anyone going just watch as the pure hate now is overwhelming and pretty pathetic.

[Onion]

I was speaking to a guy yesterday who lives in Glasgow. He goes to a bar that shows Scottish games live. He was there watching our 3-2 league win at Ibrox. The hatred towards Hibs and NL was much worse than any old firm game. Guy has no axe to grind as is a Dundee Utd fan (in Glasgow I know) and whose dad has always liked the Hibs. Anyone going just watch as the pure hate now is overwhelming and pretty pathetic.

We all need to have a little more sympathy for the average Hun. They've had 4 years to come to terms with the fact that Celtic are on a different level altogether and they just can't compete - maybe fluke 1 in 15 if they're lucky. Celtic are also heading towards 10 in a row which Sevco are powerless to stop. They are impotent.

As a result, the Huns are venting their frustrations and hatred toward a team have half a chance of beating on occasion - Hibs. It's hilarious.

[Ronniekirk]

The outpouring of bile and Sectarianism will be in full flow today as The Rangers and The Politicians and The Police have no intention of trying to do anything about it


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[jacomo]

Me too but when SDG scored the winner it was much better. :greengrin


Boom!

:thumbsup:

[Sylar]

I preface this by saying the guy I was chatting to, I met for the first time this weekend - he was a friend of my dad, who isn't a fan of The Rangers, or indeed any football team, so no axe to grind.

He was Danny Wilson's accountant before his relocation out to the USA. He spoke with Wilson shortly after the team returned to Scotland from Orlando. Wilson's contract was up at the end of the season, and had been told prior to going to Florida that he was integral in Murty's plans for the remainder of the season. He was trying to negotiate a new contract to allow him to keep playing at Ibrox - didn't want to any pay increase, didn't want any ludicrous perks etc to his contract, just an extension - his partner is due to give birth in 3 months, so he wanted to settle in Scotland and keep playing. He turned up to training one day to find out Rangers had agreed to the approach from Colorado without any consultation with him or his people. They had been offered some money for him (undisclosed) and were in 'real need' to accept the offer. The same 'need' was the reason they offloaded Pena and tried to offload Alves. The Morelos story was pure fabrication by a PR company hired by Rangers to drum up interest in the player.

Their accounts are horrific to read, and the last lot didn't include any of Pedro's signings etc - several of their creditors have also been pushing hard to try and get repayments back, and there's a growing concern about their longevity.

Not sure how much of this is 'new' information (as I don't follow this thread in daily detail), but I thought I'd pass it on! :greengrin

[lapsedhibee]

I preface this by saying the guy I was chatting to, I met for the first time this weekend - he was a friend of my dad, who isn't a fan of The Rangers, or indeed any football team, so no axe to grind.

He was Danny Wilson's accountant before his relocation out to the USA. He spoke with Wilson shortly after the team returned to Scotland from Orlando. Wilson's contract was up at the end of the season, and had been told prior to going to Florida that he was integral in Murty's plans for the remainder of the season. He was trying to negotiate a new contract to allow him to keep playing at Ibrox - didn't want to any pay increase, didn't want any ludicrous perks etc to his contract, just an extension - his partner is due to give birth in 3 months, so he wanted to settle in Scotland and keep playing. He turned up to training one day to find out Rangers had agreed to the approach from Colorado without any consultation with him or his people. They had been offered some money for him (undisclosed) and were in 'real need' to accept the offer. The same 'need' was the reason they offloaded Pena and tried to offload Alves. The Morelos story was pure fabrication by a PR company hired by Rangers to drum up interest in the player.

Their accounts are horrific to read, and the last lot didn't include any of Pedro's signings etc - several of their creditors have also been pushing hard to try and get repayments back, and there's a growing concern about their longevity.

Not sure how much of this is 'new' information (as I don't follow this thread in daily detail), but I thought I'd pass it on! :greengrin

Excellent.

[Geo_1875]

I preface this by saying the guy I was chatting to, I met for the first time this weekend - he was a friend of my dad, who isn't a fan of The Rangers, or indeed any football team, so no axe to grind.

He was Danny Wilson's accountant before his relocation out to the USA. He spoke with Wilson shortly after the team returned to Scotland from Orlando. Wilson's contract was up at the end of the season, and had been told prior to going to Florida that he was integral in Murty's plans for the remainder of the season. He was trying to negotiate a new contract to allow him to keep playing at Ibrox - didn't want to any pay increase, didn't want any ludicrous perks etc to his contract, just an extension - his partner is due to give birth in 3 months, so he wanted to settle in Scotland and keep playing. He turned up to training one day to find out Rangers had agreed to the approach from Colorado without any consultation with him or his people. They had been offered some money for him (undisclosed) and were in 'real need' to accept the offer. The same 'need' was the reason they offloaded Pena and tried to offload Alves. The Morelos story was pure fabrication by a PR company hired by Rangers to drum up interest in the player.

Their accounts are horrific to read, and the last lot didn't include any of Pedro's signings etc - several of their creditors have also been pushing hard to try and get repayments back, and there's a growing concern about their longevity.

Not sure how much of this is 'new' information (as I don't follow this thread in daily detail), but I thought I'd pass it on! :greengrin

That really brightens up a dull and dismal Monday.

[Famous Fiver]

If the Morelos story is true they obviously still have enough money to pay their PR guru!!

[ian cruise]

We all need to have a little more sympathy for the average Hun. They've had 4 years to come to terms with the fact that Celtic are on a different level altogether and they just can't compete - maybe fluke 1 in 15 if they're lucky. Celtic are also heading towards 10 in a row which Sevco are powerless to stop. They are impotent.

As a result, the Huns are venting their frustrations and hatred toward a team have half a chance of beating on occasion - Hibs. It's hilarious.

As someone who lives in the West this is an entirely accurate representation of their feelings towards us. They hate us because on their day they can beat us but equally we can beat them. Celtic are so far ahead that Rangers are just something to be laughed at in their fans eyes, they got sick of arguing the opposite so turned their attention to us, the fact that we were rivals for the championship, the Scott Allan affair and then the cup final were all around the same time just cemented it. The way Rangers fans speak about Hibs (including many I know and some friends) is akin to the way they spoke about Celtic in the 90s and 00s. Celtic they speak about they way you'd speak about an EPL team you don't like.

[Aim Here]

As someone who lives in the West this is an entirely accurate representation of their feelings towards us. They hate us because on their day they can beat us but equally we can beat them. Celtic are so far ahead that Rangers are just something to be laughed at in their fans eyes, they got sick of arguing the opposite so turned their attention to us, the fact that we were rivals for the championship, the Scott Allan affair and then the cup final were all around the same time just cemented it. The way Rangers fans speak about Hibs (including many I know and some friends) is akin to the way they spoke about Celtic in the 90s and 00s. Celtic they speak about they way you'd speak about an EPL team you don't like.

Lets hope that they can continue the trend, and in future they forget about us and transfer similar attentions to Dundee United, then Ayr United, then Fort William...

[ian cruise]

Lets hope that they can continue the trend, and in future they forget about us and transfer similar attentions to Dundee United, then Ayr United, then Fort William...

They need something to hate, its what defines them.

[CapitalGreen]

Imagine being this wound up by an opposition manager.

http://forum.rangersmedia.co.uk/topic/313858-rangers-bar-in-benidorm/?do=findComment&comment=1064532768

[hibs#1]

Imagine being this wound up by an opposition manager.

http://forum.rangersmedia.co.uk/topic/313858-rangers-bar-in-benidorm/?do=findComment&comment=1064532768

Weirdos, the "Dick of a driver" thread is pretty funny.

[Captain Trips]

If the Morelos story is true they obviously still have enough money to pay their PR guru!!

I think a happy meal should cover it.

[GlesgaeHibby]

If the Morelos story is true they obviously still have enough money to pay their PR guru!!

I wouldn't exactly call Jim Traynor at PR Guru. The man is a Grade A walloper.

[Aim Here]

Weirdos, the "Dick of a driver" thread is pretty funny.

I really should cut down on browsing their fan forums, but it's overly addictive; I'm sure extended contact with the stupidity and bigotry isn't good for you.

My current wtf is one poor sensitive soul on page two who objected to the use of the term 'hun' and rushed to the forum to tell other likeminded fans about this horrendous instance of bigotry with the headline 'Taigs player calling one of us a h**'. To be fair, one of the dozens of commenters actually managed to spot the irony.

[Famous Fiver]

Glesgae

I didn't want to hurt the poor man's feelings and get banned from Ibrox.

You make a very good point though.

[HoboHarry]

Lille in France being threatened with relegation apparently for being in a financial mess. Imagine if Scotland had administrators with the balls to reign in clubs here who were a fiscal catastrophe......

https://www.transfermarkt.co.uk/lille-threatened-with-ligue-2-downgrade/view/news/300192

[Sammy7nil]

Imagine being this wound up by an opposition manager.

http://forum.rangersmedia.co.uk/topic/313858-rangers-bar-in-benidorm/?do=findComment&comment=1064532768

Terrible forum, some of comments dear oh dear

[HoboHarry]

Terrible forum, some of comments dear oh dear
I'm trying my best to give at least some of them the benefit of the doubt in thinking that they are at the wind up. Surely they can't all be that stupid?

[Smartie]

I wouldn't exactly call Jim Traynor at PR Guru. The man is a Grade A walloper.

Jim Traynor probably considers himself to be a PR guru, the rest of the world consider him to be a PR ICK.

[greenginger]

If the Morelos story is true they obviously still have enough money to pay their PR guru!!


Maybe not though,

https://s3-eu-west-1.amazonaws.com/document-api-images-prod/docs/amRQ_oqxiAETmwVblU71SAEPNTHYGo3IVflO_J2huZc/application-pdf?AWSAccessKeyId=ASIAJUEBNLQFPTVC23IQ&Expires=1517865851&Signature=cUR4CbCbrlmqWudL%2FrqIltJcjYU%3D&x-amz-security-token=FQoDYXdzEJH%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEa DP7Xv1uFI%2Bn36EjThCK3Ayf1SGLrOKtmlHAjR%2BGM%2F5vP RM%2FqOhlodix8COU5euLFTYlVSPpaKByFdZJ%2FHIV0S6WaF% 2FkSDrn06o%2FFTD03xX1qhN75THD9x3ww%2ByOLU74SySgesJ scxZpc3KaLlm2qyfojPW82zFi4ioUXqEA6Q95A6IlqCUwIB5Gn UPY7XjtQbyIRBBwYd3%2BCzzN1kBb34OkpX9gp%2FafrXDTpwh K0kEZkxe5G7%2F%2F0ybjl5HtiHOxsRDIMWpmBefHrlRx2gVJU LNzcYQRhxX1PWrPdGlaiSBv6%2BZ%2BgC3IYUEkLVLj5207P9I 5qJ8rCL6hWzabUVktJLP1nLcNBPXtyZpw%2Fwl6ExPYwL2Q96A ZhziyItSpoRFueUjqNIR0q2Uw%2BKC3NF%2F%2F8NVF9xBYErP DUDC9B2cuaMYnx%2F58xeSWBllvXkuBhOiy60tqW3y%2F1kHeE dYw21jV5fOlab%2BFhGhCQ83JFpz9a7cc7JnPqFxXqGA9xx0bl eMVWPuJOkr%2BFxJC5WpLMpESoiw6oGfLa7GZi9HZbPT76KpFl 8KZvp16LpIXqXFClJJy%2BaouGoYMqZzhc%2FSrQVUf7UQn0xc wMk98ovPDh0wU%3D

Traynor has terminated his assistant in make believe Stephen Kerr .

[Iain G]

I preface this by saying the guy I was chatting to, I met for the first time this weekend - he was a friend of my dad, who isn't a fan of The Rangers, or indeed any football team, so no axe to grind.

He was Danny Wilson's accountant before his relocation out to the USA. He spoke with Wilson shortly after the team returned to Scotland from Orlando. Wilson's contract was up at the end of the season, and had been told prior to going to Florida that he was integral in Murty's plans for the remainder of the season. He was trying to negotiate a new contract to allow him to keep playing at Ibrox - didn't want to any pay increase, didn't want any ludicrous perks etc to his contract, just an extension - his partner is due to give birth in 3 months, so he wanted to settle in Scotland and keep playing. He turned up to training one day to find out Rangers had agreed to the approach from Colorado without any consultation with him or his people. They had been offered some money for him (undisclosed) and were in 'real need' to accept the offer. The same 'need' was the reason they offloaded Pena and tried to offload Alves. The Morelos story was pure fabrication by a PR company hired by Rangers to drum up interest in the player.

Their accounts are horrific to read, and the last lot didn't include any of Pedro's signings etc - several of their creditors have also been pushing hard to try and get repayments back, and there's a growing concern about their longevity.

Not sure how much of this is 'new' information (as I don't follow this thread in daily detail), but I thought I'd pass it on! :greengrin

The Morelos(s) story was invented by Rangers so that Dave King and co can say "look, we don't need the money, we turned down £8 million, all is well here, nothing to see...." it's all deflection and smoke and mirrors and now them refuting their own made up story...

[Onion]

The Morelos(s) story was invented by Rangers so that Dave King and co can say "look, we don't need the money, we turned down £8 million, all is well here, nothing to see...." it's all deflection and smoke and mirrors and now them refuting their own made up story...

Exactly what I thought. Idea that someone would pay £8M for Morelous is beyond ridiculous, and the media should have asked for evidence, or at least questioned the story coming out of the SevcoBrox. The MSM love to peddle the lies and fabrications of the Old Firm.

[JimBHibees]

Exactly what I thought. Idea that someone would pay £8M for Morelous is beyond ridiculous, and the media should have asked for evidence, or at least questioned the story coming out of the SevcoBrox. The MSM love to peddle the lies and fabrications of the Old Firm.

Always the way with particularly Rangers. Absolute succulent lamb and again nothing changes even after the liquidation etc

[Fuzzywuzzy]

Exactly what I thought. Idea that someone would pay £8M for Morelous is beyond ridiculous, and the media should have asked for evidence, or at least questioned the story coming out of the SevcoBrox. The MSM love to peddle the lies and fabrications of the Old Firm.

You're forgetting one did. Then bizarrely went straight to apologising for asking questions.

Still, not stopping the press from running the £8m story today at the request of deceptive face

[Ozyhibby]

The Morelos(s) story was invented by Rangers so that Dave King and co can say "look, we don't need the money, we turned down £8 million, all is well here, nothing to see...." it's all deflection and smoke and mirrors and now them refuting their own made up story...

Or they are trying to borrow money and are talking up the value of their assets for the benefit of potential lenders.


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[Jack Hackett]

The whole thing stinks of glib and shameless... In every respect.

[Monts]

Or they are trying to borrow money and are talking up the value of their assets for the benefit of potential lenders.


Sent from my iPhone using Tapatalk

I think that rings true.

[Deansy]

£8m for Morelos ??. In the real world they'd struggle to get £1m - spends more time diving and screaming at the ref than he does scoring ! Once again our 'media' shows that there's no depths they won't sink to !

[Ozyhibby]

£8m for Morelos ??. In the real world they'd struggle to get £1m - spends more time diving and screaming at the ref than he does scoring ! Once again our 'media' shows that there's no depths they won't sink to !

Before 2008 people were building up large buy to let portfolios by remortgaging houses they already owned. To do this they would get an inflated valuation done on the property. You knew you could never sell the property for the valuation you got, the surveyor knew as well but did not care as he was getting paid and the bank knew as well but they did not care because they were selling another loan. It doesn’t really matter how credible the valuation, so long as it’s out there they will try to use it to secure funds.


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[MrSmith]

Before 2008 people were building up large buy to let portfolios by remortgaging houses they already owned. To do this they would get an inflated valuation done on the property. You knew you could never sell the property for the valuation you got, the surveyor knew as well but did not care as he was getting paid and the bank knew as well but they did not care because they were selling another loan. It doesn’t really matter how credible the valuation, so long as it’s out there they will try to use it to secure funds.


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It will take one team to check Morelos out, they will walk away as will every other team.

[brog]

Before 2008 people were building up large buy to let portfolios by remortgaging houses they already owned. To do this they would get an inflated valuation done on the property. You knew you could never sell the property for the valuation you got, the surveyor knew as well but did not care as he was getting paid and the bank knew as well but they did not care because they were selling another loan. It doesn’t really matter how credible the valuation, so long as it’s out there they will try to use it to secure funds.


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Pretty much agree with you Oz but it could also just be as simple as with the MSM continually referring to Morelos as an £8m player, some dumb club will offer say £4 or £5m. I agree no way is he worth £8m but most weeks down here in Engerlund I go to a game & see a guy who's cost in excess of £10m & he's scored about 2 goals all season. The market is ludicrous & King/Traynor are merely applying the "big lie" maxim to try & cash in. Hopefully it will be as successful as the Barrie McKay deal!

[Ozyhibby]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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[GillyHibee]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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He seems a bit too desperate to say "there is nothing wrong".

[Monts]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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Depends if he was directly asked about the rumours.

[green day]

Their PR advice since Jabba joined has been primary school stuff.

Great for the rest of us watching though !!

Nobody outside Sevco believes there was a bid for Morelos - so why the BBC feel the need to hang another of their reporters out to dry for the Huns is beyond me.

[Geo_1875]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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Using Morelos' £8m "valuation" and their "refusal" to sell wouldn't be an acceptable business case for a bank loan. They're at it and the Scottish media are complicit.

[Jack Hackett]

He seems a bit too desperate to say "there is nothing wrong".

Puts me in mind of Sutherland coming out with his infamous 'We are self sufficient' statement shortly before the yams bounced the pensioners and charities

[Liberal Hibby]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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Sounds spookily like this:

http://www.eveningtimes.co.uk/sport/13255096.Hearts_deny_new_financial_problems/

[Winston Ingram]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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Superb. We made up a story involving a fabricated bid so we must be fine. :rolleyes:

[AndyM_1875]

Their PR advice since Jabba joined has been primary school stuff.

Great for the rest of us watching though !!

Nobody outside Sevco believes there was a bid for Morelos - so why the BBC feel the need to hang another of their reporters out to dry for the Huns is beyond me.

Correct.
If Rangers wanted to start to get some decent publicity and be seen that they were acting like grown ups they could do two things for quick wins.

1) Dispense with the services of Level 5 - this would sort a lot of their image issues as that firm is an embarrassment.

2) Stop acting like bairns with the BBC (the biggest and most influential Football broadcaster in Scotland) and go and have an adult grown up conversation with them instead of this perma huff which is puerile.

[HoboHarry]

He is almost provoking JJ and Phil Mac into responding by asking for the proof. Neither Jabba nor Sevco seem to grasp the power of the internet....

[Moulin Yarns]

£8m for Morelos ??. In the real world they'd struggle to get £1m - spends more time diving and screaming at the ref than he does scoring ! Once again our 'media' shows that there's no depths they won't sink to !

http://www.transfermarkt.co.uk/alfredo-morelos/profil/spieler/338962

[Ozyhibby]

http://www.transfermarkt.co.uk/alfredo-morelos/profil/spieler/338962

Normally that site over values players.[emoji23]


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[Moulin Yarns]

Correct.
If Rangers wanted to start to get some decent publicity and be seen that they were acting like grown ups they could do two things for quick wins.

1) Dispense with the services of Level 5 - this would sort a lot of their image issues as that firm is an embarrassment.

2) Stop acting like bairns with the BBC (the biggest and most influential Football broadcaster in Scotland) and go and have an adult grown up conversation with them instead of this perma huff which is puerile.

Regarding the BBC 'ban' it annoys me the amount of reporting the BBC do on The Rangers when a total blackout would IMO be very effective.

[ehf]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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I know the Scotsman is a sinking ship but it's staggering that they are taking the Morelos Chinese bid story at face value. It's inconceivable that there was an offer of £7.5 million (it's above the limit that Chinese clubs are allowed, for starters) and inconceivable that, if there had been such a bid (or anything like it), Sevco would have rejected it.

No idea who David Gunn (the "journalist" who wrote this particular piece) is but Aidan Smith reported the Morelos story as accepted fact at the weekend - he should be ashamed of himself.

[JeMeSouviens]

Correct.
If Rangers wanted to start to get some decent publicity and be seen that they were acting like grown ups they could do two things for quick wins.

1) Dispense with the services of Level 5 - this would sort a lot of their image issues as that firm is an embarrassment.

2) Stop acting like bairns with the BBC (the biggest and most influential Football broadcaster in Scotland) and go and have an adult grown up conversation with them instead of this perma huff which is puerile.

I'm not sure that's in their best interest, tbh. Unless they ever get a team together with a chance of challenging Celtc, the only thing keeping Ra Berrz buying STs for this new team is a circle the wagons, defiant mentality. Hence back to the old songs, more military paraphernalia than you could shake a poppy at, plenty of statements, etc etc.

[jacomo]

I know the Scotsman is a sinking ship but it's staggering that they are taking the Morelos Chinese bid story at face value. It's inconceivable that there was an offer of £7.5 million (it's above the limit that Chinese clubs are allowed, for starters) and inconceivable that, if there had been such a bid (or anything like it), Sevco would have rejected it.

No idea who David Gunn (the "journalist" who wrote this particular piece) is but Aidan Smith reported the Morelos story as accepted fact at the weekend - he should be ashamed of himself.


The BBC journalist who offered an apology to Sevco is leading the way.

We really need Alex Thomson or another journo outside the Glasgow bubble to become interested again.

[Onion]

I know the Scotsman is a sinking ship but it's staggering that they are taking the Morelos Chinese bid story at face value. It's inconceivable that there was an offer of £7.5 million (it's above the limit that Chinese clubs are allowed, for starters) and inconceivable that, if there had been such a bid (or anything like it), Sevco would have rejected it.

No idea who David Gunn (the "journalist" who wrote this particular piece) is but Aidan Smith reported the Morelos story as accepted fact at the weekend - he should be ashamed of himself.

The story is made up garbage. Sevco refusing such an offer is the equivalent of them going out and buying a player for £7.5m - there's no way in Hell they could afford to do that - not even close.

Hanging onto Morelos makes no economic sense. The only reasons would be if his presence in the Sevco side gave them a crack at the Champions League, prevented Celtic from 10 in a Row, or if they believe his value will rise in the future. None of those things will happen.

This is a Trump(ed) up story to appease their fan base, and discredit the FBI and the Mueler Enquiry :wink:

If there was a bid, then more likely for ¥8m (about $900k) than £8m.

[Marco G]

I know the Scotsman is a sinking ship but it's staggering that they are taking the Morelos Chinese bid story at face value. It's inconceivable that there was an offer of £7.5 million (it's above the limit that Chinese clubs are allowed, for starters) and inconceivable that, if there had been such a bid (or anything like it), Sevco would have rejected it.

No idea who David Gunn (the "journalist" who wrote this particular piece) is but Aidan Smith reported the Morelos story as accepted fact at the weekend - he should be ashamed of himself.BBC reporter asked the Chinese club and club denied they had made any bid, and they pointed out they have their full quota of foreign players. But all the MMS are just ignoring that fact cause it spoils the whole yarn.

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[HoboHarry]

The story is made up garbage. Sevco refusing such an offer is the equivalent of them going out and buying a player for £7.5m - there's no way in Hell they could afford to do that - not even close.

Hanging onto Morelos makes no economic sense. The only reasons would be if his presence in the Sevco side gave them a crack at the Champions League, prevented Celtic from 10 in a Row, or if they believe his value will rise in the future. None of those things will happen.

This is a Trump(ed) up story to appease King to their fan base, and discredit the FBI and the Mueler Enquiry :wink:
Here is Phil Mac's take on it - interesting and we'll soon see if there is any truth in it.....

https://philmacgiollabhain.ie/2018/02/04/a-fantasy-that-must-not-be-challenged/

[Ozyhibby]

I know the Scotsman is a sinking ship but it's staggering that they are taking the Morelos Chinese bid story at face value. It's inconceivable that there was an offer of £7.5 million (it's above the limit that Chinese clubs are allowed, for starters) and inconceivable that, if there had been such a bid (or anything like it), Sevco would have rejected it.

No idea who David Gunn (the "journalist" who wrote this particular piece) is but Aidan Smith reported the Morelos story as accepted fact at the weekend - he should be ashamed of himself.

That plus the fact that Chinese clubs currently have to pay a 100% tax on foreign players and suddenly they are paying £15m for morelas.


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[Stonewall]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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Jeezo, and they're probably wondering why no-one buys their rag any more.

[blackpoolhibs]

Normally that site over values players.[emoji23]


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I hope not, SJM is £495k

[jacomo]

BBC reporter asked the Chinese club and club denied they had made any bid, and they pointed out they have their full quota of foreign players. But all the MMS are just ignoring that fact cause it spoils the whole yarn.

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He has since claimed that he saw the bids “with his own eyes”... hence the retraction and apology to Sevco.

This begs the question - is it normal for journos to see actual bids (which is in reality an offer from one corporate entity to another)?

How did he see them? Presumably summoned to the fax machine room at Ibrox.

All very weird.

[jacomo]

Here is Phil Mac's take on it - interesting and we'll soon see if there is any truth in it.....

https://philmacgiollabhain.ie/2018/02/04/a-fantasy-that-must-not-be-challenged/


It makes sense, albeit his ‘source’ is probably his own fevered imagination.

[ian cruise]

It makes sense, albeit his ‘source’ is probably his own fevered imagination.

Or Kerrydale St

[AndyM_1875]

I'm not sure that's in their best interest, tbh. Unless they ever get a team together with a chance of challenging Celtc, the only thing keeping Ra Berrz buying STs for this new team is a circle the wagons, defiant mentality. Hence back to the old songs, more military paraphernalia than you could shake a poppy at, plenty of statements, etc etc.

Perhaps you're right. I was crediting them with the ability to occasionally act like grown ups. Probably a step too far

[Stonewall]

Isn’t it usually a bad thing for a business to comment on rumours that it’s in trouble?
https://www.scotsman.com/sport/football/teams/rangers/rangers-chief-stewart-robertson-blasts-nonsense-administration-talk-1-4683750


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Jeezo, and they're probably wondering why no-one buys their rag any more.

[Newry Hibs]

I suppose we'll just have to wait and see how much he does actually go for - presumably in the summer. He has got the rest of the season to go and could up his price to maybe 10m (in whatever currency sounds best).

[euro Hibby]

My money is on it being a whole lot of sh**e and if it were true its just a potential money laundering scam to move some cash somewhere. The guy who bought AC Milan is an unheard of business man who manged to
get financed from a US fund. He has no track record. It is so easy to make fake stories from china but as we know jabba and the gang don't cover all the stops so eventually the truth will come to the surface.
These guys at Rangers are total sharks........ but they have a harder time today because their team is run of the mill and there is only so much the sfa can do keep them up top. 10/15 years a go Hibs would never have
got a penalty at Ibrox !

[Deansy]

He has since claimed that he saw the bids “with his own eyes”... hence the retraction and apology to Sevco.

This begs the question - is it normal for journos to see actual bids (which is in reality an offer from one corporate entity to another)?

How did he see them? Presumably summoned to the fax machine room at Ibrox.

All very weird.

And of course, being the true professional journalist he decided there was no need to photograph these 'bids' as the Scottish Football 'media' are held in such high esteem, his 'word' would be enough ...................................

[Kato]

And of course, being the true professional journalist he decided there was no need to photograph these 'bids' as the Scottish Football 'media' are held in such high esteem, his 'word' would be enough ...................................

I think "I saw the bids with my own eyes" is a euphemism for "didny want ma windeas tanned/wanted the twitter death threats to stop".

[cam75]

http://www.transfermarkt.co.uk/alfredo-morelos/profil/spieler/338962

Fair point but have you looked how much they value sjm?
Ggtth

[Ozyhibby]

Morelles dropped for tonight. Imagine unsettling your own striker.[emoji3]


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[Tornadoes70]

Kim Whyte v Craig Whyte back in court this week for a 2 day proof hearing. I'm assuming this is the matter of non payment of maintenance payments to his ex wife. The once lauded Chairman of the old Rangers once described as having multi millions 'off the radar' in court for failing to pony up aliment. Dearie me.

:greengrin

mon the cabbage!!!

[grunt]

The once lauded Chairman of the old Rangers once described as having multi millions 'off the radar' in court for failing to pony up aliment.I think you'll find it was "billionaire".

[jacomo]

Morelles dropped for tonight. Imagine unsettling your own striker.[emoji3]


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With the Chinese window still open, surely this ‘bidding war’ has got a way to go?

What are they going to do when the £8m bids don’t materialise?

[HUTCHYHIBBY]

Very weak journalism. Was he told something by a decent source in China or not? What was the source? Why apologise for reporting something he was told by a decent source? Why has another source superceded this one? When has the BBC previously incorrectly reported something about a Scottish football club and apologised for it?

Sounds a bit like Chinese whispers to me.

[Geo_1875]

With the Chinese window still open, surely this ‘bidding war’ has got a way to go?

What are they going to do when the £8m bids don’t materialise?

Bird on SKY had him at £8.5m this morning.

[Ozyhibby]

Record reporting that Chinese club no longer interested. [emoji23]



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[Liberal Hibby]

Record reporting that Chinese club no longer interested. [emoji23]



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Interesting use of the words 'no longer'.

[JeMeSouviens]

Record reporting that Chinese club no longer interested. [emoji23]



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Colour me amazed. :rolleyes:

[Monts]

Record reporting that Chinese club no longer interested. [emoji23]



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I was hoping they would make a (real) bid of around £500k.

[Radium]

https://uploads.tapatalk-cdn.com/20180207/388b09aefb676c271c9aa900c0a4a2fb.jpg

http://www.bbc.co.uk/sport/football/42954937

If I am reading this correctly, does it mean the Chinese club are actually willing to pay 16 million


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[HoboHarry]

https://uploads.tapatalk-cdn.com/20180207/388b09aefb676c271c9aa900c0a4a2fb.jpg

http://www.bbc.co.uk/sport/football/42954937

If I am reading this correctly, does it mean the Chinese club are actually willing to pay 16 million


Sent from my iPhone using Tapatalk

That's part of what exposed the lie - in order for a Chinese club to pay Sevco 8 million they would actually end up paying 16 million and that is simply absurd. Just as it is absurd that Fat Jabba can't even make up a story without it being dismantled within a day.

[Alan62]

The whole £9m Morelos story tells you an awful lot about the sporting media in Scotland. Last night's Sportsound wittered on for absolutely ages with Chick Young (who allegedly retired but is never off the radio) going on and on about how it would have been sensible for Rangers to take the China money for Morelos and buy Louis Moult for half a million while pocketing the change.

Nobody challenges the notion that it's all horse**** in the first place or that there's really no justification whatsoever to suggest that the giant man-baby Morelos could be a £9m target for a Chinese team.

The good news is that the whole thing appears to have unsettled the player who now wants more money because he's worth £9m.

[Tomsk]

https://uploads.tapatalk-cdn.com/20180207/388b09aefb676c271c9aa900c0a4a2fb.jpg

http://www.bbc.co.uk/sport/football/42954937

If I am reading this correctly, does it mean the Chinese club are actually willing to pay 16 million


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Plus the player's signing-on fee and as widely reported an annual salary of £3m.

Still, we should be grateful. Brightens up a dull day. :greengrin

[JeMeSouviens]

The whole £9m Morelos story tells you an awful lot about the sporting media in Scotland. Last night's Sportsound wittered on for absolutely ages with Chick Young (who allegedly retired but is never off the radio) going on and on about how it would have been sensible for Rangers to take the China money for Morelos and buy Louis Moult for half a million while pocketing the change.

Nobody challenges the notion that it's all horse**** in the first place or that there's really no justification whatsoever to suggest that the giant man-baby Morelos could be a £9m target for a Chinese team.

The good news is that the whole thing appears to have unsettled the player who now wants more money because he's worth £9m.

To give credit where it's due - Chris Sutton and Stephen Craigan were openly laughing about it on BT at the weekend.

[Deansy]

Meanwhile, Jabba Traynor went for a walk on the beach to get away from it all but he couldn't escape from getting more feed-back on his '£8M for Morelos' wheeze and how it's being perceived by mature adults -

20168

[Hibby70]

there's no way Morelos is worth £8m. I mean who in their right mind would offer £9m for a player in the Scottish league. I'd like to see evidence of this £10m bid, I mean £11m who are they kidding. Saying that £12m would really help them out as they are skint.

£13m for Morelos, aye right.

[snooky]

there's no way Morelos is worth £8m. I mean who in their right mind would offer £9m for a player in the Scottish league. I'd like to see evidence of this £10m bid, I mean £11m who are they kidding. Saying that £12m would really help them out as they are skint.

£13m for Morelos, aye right.

Are you including add-ons in this?

[Deansy]

there's no way Morelos is worth £8m. I mean who in their right mind would offer £9m for a player in the Scottish league. I'd like to see evidence of this £10m bid, I mean £11m who are they kidding. Saying that £12m would really help them out as they are skint.

£13m for Morelos, aye right.


:greengrin

[lapsedhibee]

To give credit where it's due - Chris Sutton and Stephen Craigan were openly laughing about it on BT at the weekend.
Vegetarians then? :dunno:

[CropleyWasGod]

DR reporting that they have agreed a £3m overdraft facility with Close Brothers, secured on the training ground and car park.

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[greenlex]

DR reporting that they have agreed a £3m overdraft facility with Close Brothers, secured on the training ground and car park.

Sent from my SM-A510F using Tapatalk
Should have taken the 8 million for the Colombian I reckon. Close Bros won’t be cheap.

[HoboHarry]

DR reporting that they have agreed a £3m overdraft facility with Close Brothers, secured on the training ground and car park.

Sent from my SM-A510F using Tapatalk
A fine idea and I applaud their long term economic thinking........

[Ozyhibby]

What happened to Dave King’s money? [emoji23]
Close Brothers will get their pound of flesh out the Huns. Like taking out a 2nd charge on your house, never a cheap option.


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[Ronniekirk]

A fine idea and I applaud their long term economic thinking........

Gets them to the next lot of Season Ticket Sales and they will be assuming European Football
But if they achieve that Its time to splash the cash on a new Manager and backroom (unless they make do with what they have ) New players as they must progress in Europe and current squad wont
King is now more visible and Hands on with his one week out the month staying in Glasgow do wonder what plan he is hatching next


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[HoboHarry]

What happened to Dave King’s money? [emoji23]
Close Brothers will get their pound of flesh out the Huns. Like taking out a 2nd charge on your house, never a cheap option.


Sent from my iPhone using Tapatalk
Wonder if any of the mainstream media Sevco wh**e's will question the glib one not putting in his own money? :wink:

[vuefrom1875]

A fine idea and I applaud their long term economic thinking........

Google review, one unhappy customer "UNDER NO CIRCUMSTANCES TOUCH THIS COMPANY"....... Brilliant.

[Oscar T Grouch]

Trust pilot reviews are funny :greengrin

https://uk.trustpilot.com/review/www.closebrothers.com

[HoboHarry]

Trust pilot reviews are funny :greengrin

https://uk.trustpilot.com/review/www.closebrothers.com
Boy oh boy - would like to listen to them battling it out on the phone with the glib one when it all goes breasts skywards :faf:

[ancient hibee]

Close Brothers sound like a strange Christian sect-from both sides of the Great Western Divide.

[Billy Whizz]

Close Brothers sound like a strange Christian sect-from both sides of the Great Western Divide.

Who are they?

[CropleyWasGod]

The answer to Rangers' issues is clearly to employ the guy who scammed the Accies.

(Any suggestion that they already did is not implied, and is a figment of your fevered mind.....)

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[HoboHarry]

Who are they?
Sevco's very own Grim Reaper......

20172


I hope feverishly......

[CropleyWasGod]

Who are they?Merchant bankers.

Oh, you mean Close Brothers?

Merchant bankers.

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[Ozyhibby]

Deja vu?
https://uploads.tapatalk-cdn.com/20180207/999bd00b617cc96b53777be9bbe199c8.jpg
https://uploads.tapatalk-cdn.com/20180207/f4febe3bc27e8d93286674645ccf9d68.jpg

This is going to be fun.


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[CropleyWasGod]

Deja vu?
https://uploads.tapatalk-cdn.com/20180207/999bd00b617cc96b53777be9bbe199c8.jpg
https://uploads.tapatalk-cdn.com/20180207/f4febe3bc27e8d93286674645ccf9d68.jpg

This is going to be fun.


Sent from my iPhone using TapatalkIIRC, the previous Close Brothers deal was the loan for the catering equipment. They could rip out the pie-warmers if they didn't get paid.

This one has higher stakes :)

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[Ozyhibby]

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[HoboHarry]

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What an incestuous nest of vipers - hell mend Sevco for getting involved with that rabble.....

[ehf]

Gets them to the next lot of Season Ticket Sales and they will be assuming European Football
But if they achieve that Its time to splash the cash on a new Manager and backroom (unless they make do with what they have ) New players as they must progress in Europe and current squad wont
King is now more visible and Hands on with his one week out the month staying in Glasgow do wonder what plan he is hatching next


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To be fair to King, he has played a blinder here.

If Sevco do miraculously manage to have a decent run in Europe and/or sell some players for value, he's a genius.

If (as will almost certainly be the case) they have taken on crippling debt they won't be able to repay and Close Bros will be the fall guys who press the insolvency button.

[rodhibs55]

IIRC, the previous Close Brothers deal was the loan for the catering equipment. They could rip out the pie-warmers if they didn't get paid.

This one has higher stakes :)

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Stakes or Steaks
Both ways they could be burnt. :)

[Callyballybe]

Trust pilot reviews are funny :greengrin

https://uk.trustpilot.com/review/www.closebrothers.com

A total 'trust score' of 1.5 out of 10. Brilliant - Couldn't have been paired with a more deserving football team. :agree:

[Ozyhibby]

To be fair to King, he has played a blinder here.

If Sevco do miraculously manage to have a decent run in Europe and/or sell some players for value, he's a genius.

If (as will almost certainly be the case) they have taken on crippling debt they won't be able to repay and Close Bros will be the fall guys who press the insolvency button.

If Sevco collapse it is King that will get the blame no matter what.
Close brothers won’t think twice about pushing the button if they think they will lose money.


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[HoboHarry]

If Sevco collapse it is King that will get the blame no matter what.
Close brothers won’t think twice about pushing the button if they think they will lose money.


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Aye but he will be safe in South Africa and won't be giving a flying one when Paul Murray et al are getting their windows smashed in. I do wonder who set this deal up? Any ideas?

[jacomo]

Gets them to the next lot of Season Ticket Sales and they will be assuming European Football
But if they achieve that Its time to splash the cash on a new Manager and backroom (unless they make do with what they have ) New players as they must progress in Europe and current squad wont
King is now more visible and Hands on with his one week out the month staying in Glasgow do wonder what plan he is hatching next


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Us and the Dandy Dons need to get our s*** together. Would love it if Sevco finish 4th or lower.

Obvs the Dons can’t get points off them or Celtc so will need points elsewhere, whereas we need to avoid our customary winter dip and have a strong run in.

[ehf]

If Sevco collapse it is King that will get the blame no matter what.
Close brothers won’t think twice about pushing the button if they think they will lose money.


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Disagree (with respect!). Before the Close deal, there were no significant "external" creditors likely to trigger an insolvency event, so a decision to put Sevco into administration would have been one for the directors to take (and there are strong rumours that they explored this option recently). Now Close are in the picture and, as you rightly say, will not think twice about it. The clever thing is the quantum; King and co can deflect the blame by saying they were about to turn the corner but were prevented for the sake of a measly £3m.

[jacomo]

Disagree (with respect!). Before the Close deal, there were no significant "external" creditors likely to trigger an insolvency event, so a decision to put Sevco into administration would have been one for the directors to take (and there are strong rumours that they explored this option recently). Now Close are in the picture and, as you rightly say, will not think twice about it. The clever thing is the quantum; King and co can deflect the blame by saying they were about to turn the corner but were prevented for the sake of a measly £3m.


If the Huns buy that they are sinking to even deeper levels of stupidity.

[Dashing Bob S]

Who are they?

They are very close. In fact people say they are like brothers.

[Deansy]

Should have taken the 8 million for the Colombian I reckon. Close Bros won’t be cheap.

So, it's far more economically prudent to get an overdraft for £3m rather than accepting £8m ??



Gets them to the next lot of Season Ticket Sales and they will be assuming European Football
But if they achieve that Its time to splash the cash on a new Manager and backroom (unless they make do with what they have ) New players as they must progress in Europe and current squad wont
King is now more visible and Hands on with his one week out the month staying in Glasgow do wonder what plan he is hatching next


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Like all of the previous fly-by-nights/chancers/crooks etc who've taken over the reins at 'The place where football goes to die', the full extent of King's 'business-dealings' (cons/frauds & outright theft) won't be known (or announced publicly) until after his departure - which'll mean another 'Duped' campaign's on the cards !. 'Daily Rectum's probably already got it's front-pager ready to go to press with the headline - 'You won't believe this but .......'

[jacomo]

So, it's far more economically prudent to get an overdraft for £3m rather than accepting £8m ??




Like all of the previous fly-by-nights/chancers/crooks etc who've taken over the reins at 'The place where football goes to die', the full extent of King's 'business-dealings' (cons/frauds & outright theft) won't be known (or announced publicly) until after his departure - which'll mean another 'Duped' campaign's on the cards !. 'Daily Rectum's probably already got it's front-pager ready to go to press with the headline - 'You won't believe this but .......'


This time around, Keith Jackson has been careful to include some scepticism in his copy.

Of course the DR faithfully repeat the key propaganda, like multi-million bids for Morelos.

But if it all goes wrong again, he will be able to pull enough choice quotes to ‘prove’ he was never taken in by the Lying King.

[brog]

The propaganda is now almost perverse in it's delivery & justification. Stewart Robertson says the money is almost incidental, it's the fact that a bank is showing faith in them that counts. Yep they have so much faith that the loan is secured against assets with ostensibly a far greater value. SR also says it's unusual for a £30m business not to have a banking facility, No s☆☆t Sherlock! By making this statement all he does is draw attention to the fact that reputable financial organisations won't go near The Rangers. Still it was good to see the return of the phrase "self sufficient". Hopefully they'll be as successful in their self sufficiency as our neighbouring charlatans were.

[Ozyhibby]

We can be sure now though that the source of soft loans has now totally dried up. That means that next season they will have to live within their means which will be tricky as they are already forecast to need £4m of external funding.


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[JeMeSouviens]

The propaganda is now almost perverse in it's delivery & justification. Stewart Robertson says the money is almost incidental, it's the fact that a bank is showing faith in them that counts. Yep they have so much faith that the loan is secured against assets with ostensibly a far greater value. SR also says it's unusual for a £30m business not to have a banking facility, No s☆☆t Sherlock! By making this statement all he does is draw attention to the fact that reputable financial organisations won't go near The Rangers. Still it was good to see the return of the phrase "self sufficient". Hopefully they'll be as successful in their self sufficiency as our neighbouring charlatans were.

Not so sure that's true. I think Murray Park is unsuitable for housing because of flood risk and I can't see an office block in Govan being worth much.

Edit: I see it's not MP as security, it's Edmiston House and the Albion car park which is across the road from Ibrox.

[ballengeich]

The loan indicates that King isn't supplying the shortfall, estimated in the accounts at £4m, needed to get them through this season and that the other directors aren't prepared to provide further donations (investment if you're a fan).

When the concert party took over the plan was to spend a few million for a few years to gain promotion, qualify for Europe then become serious rivals to Celtic, at which point increased income from Europe and transfer profits would cover losses in domestic competition. The third step hasn't happened yet so they've a choice - put in a bit more hoping that the plan comes to fruition next season or cut spending to match costs with the concomitant risk of ticket income dropping if the bears can't see anything better than a distant second place in prospect.

The short term appointment of Murty and the loans signings with an option to buy suggest that the decision's being deferred until the summer transfer window. If they can get through a few rounds of Europa league qualifying, make even a couple of million profit on transfer sales, and get a few of the high paid flops out the door, if only on loan, then they could break even next season.

I can't see another flop like Progres and I think Morelos can be sold at a profit (though I don't believe the Chinese rumour). The strategy's risky but I don't think it's completely unrealistic. More interesting times ahead.

[JeMeSouviens]

The loan indicates that King isn't supplying the shortfall, estimated in the accounts at £4m, needed to get them through this season and that the other directors aren't prepared to provide further donations (investment if you're a fan).

When the concert party took over the plan was to spend a few million for a few years to gain promotion, qualify for Europe then become serious rivals to Celtic, at which point increased income from Europe and transfer profits would cover losses in domestic competition. The third step hasn't happened yet so they've a choice - put in a bit more hoping that the plan comes to fruition next season or cut spending to match costs with the concomitant risk of ticket income dropping if the bears can't see anything better than a distant second place in prospect.

The short term appointment of Murty and the loans signings with an option to buy suggest that the decision's being deferred until the summer transfer window. If they can get through a few rounds of Europa league qualifying, make even a couple of million profit on transfer sales, and get a few of the high paid flops out the door, if only on loan, then they could break even next season.

I can't see another flop like Progres and I think Morelos can be sold at a profit (though I don't believe the Chinese rumour). The strategy's risky but I don't think it's completely unrealistic. More interesting times ahead.

They also planned a share issue (read, - to fleece their gullible punters) which for one reason or another (the takeover panel ruling being the latest) they've never been able to get off the ground.

[Smartie]

The loan indicates that King isn't supplying the shortfall, estimated in the accounts at £4m, needed to get them through this season and that the other directors aren't prepared to provide further donations (investment if you're a fan).

When the concert party took over the plan was to spend a few million for a few years to gain promotion, qualify for Europe then become serious rivals to Celtic, at which point increased income from Europe and transfer profits would cover losses in domestic competition. The third step hasn't happened yet so they've a choice - put in a bit more hoping that the plan comes to fruition next season or cut spending to match costs with the concomitant risk of ticket income dropping if the bears can't see anything better than a distant second place in prospect.

The short term appointment of Murty and the loans signings with an option to buy suggest that the decision's being deferred until the summer transfer window. If they can get through a few rounds of Europa league qualifying, make even a couple of million profit on transfer sales, and get a few of the high paid flops out the door, if only on loan, then they could break even next season.

I can't see another flop like Progres and I think Morelos can be sold at a profit (though I don't believe the Chinese rumour). The strategy's risky but I don't think it's completely unrealistic. More interesting times ahead.

A pretty fair analysis and that's how I see it.

Although the last paragraph - the lower down the league they finish, the earlier they'll have to start back, the harder European progression will be. Morelos may be sold at profit, but he'll need to do a bit better against defenders than he did against young Porteous last weekend for that to happen.

It is risky, and they've got as much chance of making a horse's arse of it as they have of pulling it off.


Interesting times ahead, one of the interesting things being that we may have a big say in it all. If we can consistently put results together (without the distraction of the cups) then we might bump them down the league a bit and make their job a great deal trickier.

[JeMeSouviens]

A pretty fair analysis and that's how I see it.

Although the last paragraph - the lower down the league they finish, the earlier they'll have to start back, the harder European progression will be. Morelos may be sold at profit, but he'll need to do a bit better against defenders than he did against young Porteous last weekend for that to happen.

It is risky, and they've got as much chance of making a horse's arse of it as they have of pulling it off.


Interesting times ahead, one of the interesting things being that we may have a big say in it all. If we can consistently put results together (without the distraction of the cups) then we might bump them down the league a bit and make their job a great deal trickier.

They are currently at a similar level to Aberdeen who have had 4 successive failures to get to the EL groups. In fact they haven't managed to get to the final qualifying round (where the quality of teams is such that they'd almost be guaranteed to lose anyway). Their chances of getting to the group stage with a rookie manager and their current squad are remote to say the least.

[jgl07]

What happened to Dave King’s money? [emoji23]


What money?

Given the way that the Rand has plummeted against Sterling, I doubt it would amount to much even if he has the fortune the press seem to accept. Even if he had the cash, how is he goininggoing to get it out if South Africa?

King like Murray, Whyte, and Green before him is using other people’s money to prop up the club. If they are being forced to go to what are effectively corporate loan sharks, this probably indicates that the cash from local mugs, sorry donors has finally dried up.

[JeMeSouviens]

https://uk.trustpilot.com/review/www.closebrothers.com

Loads of reviews saying they're a shower of evil ****s then 3 5 star ones in the last 24 hours including one from "William Orange". :greengrin

[Aim Here]

https://uk.trustpilot.com/review/www.closebrothers.com

Loads of reviews saying they're a shower of evil ****s then 3 5 star ones in the last 24 hours including one from "William Orange". :greengrin

Hah, one from 'William Orange', one from some bloke in Paisley, and one whose 5-star review references Phil Macghiollabain, accuses people of being nonces and closes with 'No Surrender' and 'KAT'. It's actually quite impressive that the tribal loyalty extends as far as their loan sharks, even if their PR efforts are a little, umm, naive...

[Oscar T Grouch]

https://uk.trustpilot.com/review/www.closebrothers.com

Loads of reviews saying they're a shower of evil ****s then 3 5 star ones in the last 24 hours including one from "William Orange". :greengrin

Lloyd Cross also is a notorious on line hun. The one who posted the defamatory remarks.

[JeMeSouviens]

Hah, one from 'William Orange', one from some bloke in Paisley, and one whose 5-star review references Phil Macghiollabain, accuses people of being nonces and closes with 'No Surrender' and 'KAT'. It's actually quite impressive that the tribal loyalty extends as far as their loan sharks, even if their PR efforts are a little, umm, naive...



KAT = Kill All Taigs. Nice :rolleyes:

[BonnieFitbaTeam]

They are currently at a similar level to Aberdeen who have had 4 successive failures to get to the EL groups. In fact they haven't managed to get to the final qualifying round (where the quality of teams is such that they'd almost be guaranteed to lose anyway). Their chances of getting to the group stage with a rookie manager and their current squad are remote to say the least.


Indeed.

Added to which, the plan which relies entirely on progress in a European competition worked so successfully last time, right enough :rolleyes:

[Is It On....]

Lloyd Cross also is a notorious on line hun. The one who posted the defamatory remarks.

Did he not post the "really nasty" anti Catholic pictures and video a while back?

[Stonewall]

What money?

Given the way that the Rand has plummeted against Sterling, I doubt it would amount to much even if he has the fortune the press seem to accept. Even if he had the cash, how is he goininggoing to get it out if South Africa?

King like Murray, Whyte, and Green before him is using other people’s money to prop up the club. If they are being forced to go to what are effectively corporate loan sharks, this probably indicates that the cash from local mugs, sorry donors has finally dried up.

is it not true that the money from Kings family trust was not held in South Africa?

Also going back to the secured loan it could also be money required in addition to that specified in the accounts. Does indicate they're running out of people prepared to pony up though. Essentially they are spending next year's st money already and this lender will have no hesitation in pulling the plug, having no sentimental attachment to the club.

[MrSmith]

is it not true that the money from Kings family trust was not held in South Africa?

Also going back to the secured loan it could also be money required in addition to that specified in the accounts. Does indicate they're running out of people prepared to pony up though. Essentially they are spending next year's st money already and this lender will have no hesitation in pulling the plug, having no sentimental attachment to the club.

To be honest and no derogatory pun intended, I think close bros are knees deep in it already. Funny how their name keeps appearing ...

[Oscar T Grouch]

Did he not post the "really nasty" anti Catholic pictures and video a while back?

Probably, I have removed myself from both Twitter and Facebook so not seen much recently but Cross is a particularly nasty online hun, a classic troll and an evil human being. I am sure his post will be removed as it is defamatory.

[Deansy]

More evidence substantiating the Huns claim that Morelos is valued at £8m -

(apologies if already posted)


http://www.bbc.co.uk/sport/scotland/43026710


What a belter !!

[lapsedhibee]

More evidence substantiating the Huns claim that Morelos is valued at £8m -

(apologies if already posted)


http://www.bbc.co.uk/sport/scotland/43026710


What a belter !!

Nowhere near as bad a miss as the one his fellow huns striker had at Starks Park last season.

[HoboHarry]

Nowhere near as bad a miss as the one his fellow huns striker had at Starks Park last season.
Well yes but his team mates value is about 8 bob, not 8 million......... :greengrin

[The Green Goblin]

Probably, I have removed myself from both Twitter and Facebook so not seen much recently but Cross is a particularly nasty online hun, a classic troll and an evil human being. I am sure his post will be removed as it is defamatory.

Without wishing to hijack the thread, I have been thinking of doing the same for a while, so can I ask why you did that? And how are you getting on? :aok:

[Ozyhibby]

Couple articles with copies of their new loan agreement.
https://thecelticblog.com/2018/02/blogs/the-terrifying-phrase-sevco-fans-hoped-never-to-read-beyond-the-means-of-directors/
https://philmacgiollabhain.ie/2018/02/14/a-day-for-appreciating-the-benefits-of-being-close-to-your-signficant-lender/



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[CropleyWasGod]

Couple articles with copies of their new loan agreement.
https://thecelticblog.com/2018/02/blogs/the-terrifying-phrase-sevco-fans-hoped-never-to-read-beyond-the-means-of-directors/
https://philmacgiollabhain.ie/2018/02/14/a-day-for-appreciating-the-benefits-of-being-close-to-your-signficant-lender/



Sent from my iPhone using TapatalkIt's not a loan agreement. It's the document registering the security that Close Brothers have.

I don't agree with Phil's assertion that it's a loan. The document clearly refers to the "facility".

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[Billy Whizz]

It's not a loan agreement. It's the document registering the security that Close Brothers have.

I don't agree with Phil's assertion that it's a loan. The document clearly refers to the "facility".

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What’s the difference, as both will have to be paid back?

[Is It On....]

It's not a loan agreement. It's the document registering the security that Close Brothers have.

I don't agree with Phil's assertion that it's a loan. The document clearly refers to the "facility".

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As in a "secured revolver" credit facility?

[PatHead]

Can’t believe it is six years since they went into administration

[CropleyWasGod]

What’s the difference, as both will have to be paid back?A facility is like an overdraft. You don't need to draw on it if you don't need it.



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[CropleyWasGod]

As in a "secured revolver" credit facility?...with every chamber loaded [emoji16]

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[PatHead]

...with every chamber loaded [emoji16]

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So he is wrong about the loan but is he right they are a busted flush?

[HoboHarry]

A facility is like an overdraft. You don't need to draw on it if you don't need it.



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You really think they won't draw it down?

[CropleyWasGod]

So he is wrong about the loan but is he right they are a busted flush?I have no idea if they are. I'm not party to their internal records, and I'm not sure he is either.

However, he has based his conclusion on an incorrect assumption. Both his and the Celtic blog have put their green glasses on here, I reckon.

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[PatHead]

I have no idea if they are. I'm not party to their internal records, and I'm not sure he is either.

However, he has based his conclusion on an incorrect assumption. Both his and the Celtic blog have put their green glasses on here, I reckon.

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Damn. Was looking forward to a good nights sleep dreaming of them going into admin again.

[CropleyWasGod]

You really think they won't draw it down?I don't know. My point is that Phil et al are running about accusing RFC of lying, with all the implications of that. That document says to me that they're not lying.

In some ways, an overdraft could be worse for them if they draw all of it. It would be repayable on demand. A loan wouldn't be, as long as the repayment schedule was kept to.

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[Oscar T Grouch]

Without wishing to hijack the thread, I have been thinking of doing the same for a while, so can I ask why you did that? And how are you getting on? :aok:

I stopped FB because it was depressing me, that was 18 month ago and I don’t miss it one bit. Twitter was a forced retirement 😉 their T&Cs dont allow relentlessly calling piers Morgan a see you next Tuesday apparently. I kinda missed it a first but not now. I think it’s been good for my mental health I don’t get bombarded with stuff all the time and I usually only lift my phone to answer it or change song or podcast. I still have an IG and you tube account though.

[Tornadoes70]

I don't know. My point is that Phil et al are running about accusing RFC of lying, with all the implications of that. That document says to me that they're not lying.

In some ways, an overdraft could be worse for them if they draw all of it. It would be repayable on demand. A loan wouldn't be, as long as the repayment schedule was kept to.

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Of course some might say its a carefully constructed ruse to convince the Court of Session Inner House that the Lying King is indeed impecunious in absence of direct control over the disputed trust fund arrangements. The smokescreen of the alleged bids of 8 million plus planted into the obliging Jabba controlled Scottish media could be construed as the forerunner to placate the supporters while putting into place the plan to once again involve the close brothers. Whereby giving the impression of the Lying King being pot-less yet the club with millions of transfer money obtainable in the future. I'm probably stating the obvious but there you are.

mon the cabbage!!!

[CropleyWasGod]

Of course some might say its a carefully constructed ruse to convince the Court of Session Inner House that the Lying King is indeed impecunious in absence of direct control over the disputed trust fund arrangements. The smokescreen of the alleged bids of 8 million plus planted into the obliging Jabba controlled Scottish media could be construed as the forerunner to placate the supporters while putting into place the plan to once again involve the close brothers. Whereby giving the impression of the Lying King being pot-less yet the club with millions of transfer money obtainable in the future. I'm probably stating the obvious but there you are.

mon the cabbage!!!Some might say that Close Brothers were involved in a conspiracy to pervert the course of justice???

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[Tornadoes70]

Some might say that Close Brothers were involved in a conspiracy to pervert the course of justice???

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I've given a reasonable theory of the Lying King attempting to bolster the impression he's impecunious and not in direct control of the disputed trust funds. Its up to others to either give it some merit or not.






mon the cabbage!!!

[ballengeich]

The accounts estimated that they needed £4million put in this season. The way I see it is that soft loans have dried up so they've borrowed enough to get them through to when season ticket money starts coming in. In the accounts there was also an estimate of just over £3m needed next season if players in were funded by players leaving. We don't know what other assumptions went into that estimate, but they need to make money on player transfers in the summer.

In crude terms, if they bring in £3m net on player deals they break even next season and will be looking for a short-term loan again around this time in 2019. To avoid needing a loan next season they need £6m profit from summer deals. Have they staked the house on Morelos?

[CropleyWasGod]

The accounts estimated that they needed £4million put in this season. The way I see it is that soft loans have dried up so they've borrowed enough to get them through to when season ticket money starts coming in. In the accounts there was also an estimate of just over £3m needed next season if players in were funded by players leaving. We don't know what other assumptions went into that estimate, but they need to make money on player transfers in the summer.

In crude terms, if they bring in £3m net on player deals they break even next season and will be looking for a short-term loan again around this time in 2019. To avoid needing a loan next season they need £6m profit from summer deals. Have they staked the house on Morelos?

That £4m was a minimum.

There was also a note somewhere ( canny find it for now), which said the forecasts were based on their achieving the Europa League (group stage) for 3 out of 5 years.

[ballengeich]

That £4m was a minimum.

There was also a note somewhere ( canny find it for now), which said the forecasts were based on their achieving the Europa League (group stage) for 3 out of 5 years.

Given the time at which the accounts were produced I'd think the £4m wouldn't be too far out, as income and spending for the remainder of the season would be fairly well known. While Phil Mac G is a bit hit and miss, he was posting a couple of weeks before the Close Bros announcement that Rangers were seeking emergency funding because King had reneged on the commitment to cover the season's loss. He also claimed that Alistair Johnston and one of the Hong Kong lenders had put £1m + for the January bills. Given that he seems to have had information before it appeared elsewhere and the consistency of the arithmetic with the accounts estimate I'm inclined to give him credence on this one.

If the Close Bros money is in addition to a £4m loss then the position's a lot worse than had been predicted and it's hard to see an escape strategy.

I think longer term forecasts were for 3 from 5 years in the Europa League group stage to break even. The auditors' figure of £3m was for next season, but the assumptions and approximations behind that are unclear. The point I was trying to make is that the forecasts that have been given assume that player costs are neutral, but if they can start making a profit on transfers then some of the prophecies of insolvency begin to look like wishful thinking.

Using transfer profits was always central to the concert party's plans as it has been to Celtic's finances in recent years.

I'm not claiming that their position isn't precarious.

[jacomo]

That £4m was a minimum.

There was also a note somewhere ( canny find it for now), which said the forecasts were based on their achieving the Europa League (group stage) for 3 out of 5 years.


I’ve said it before, but for the greater good of humanity Hibs and the Dons need to finish above them in the League.

Of course they can still qualify for Europe via the Scottish Cup - hopefully someone else can take care of that.

[Captain Trips]

I’ve said it before, but for the greater good of humanity Hibs and the Dons need to finish above them in the League.

Of course they can still qualify for Europe via the Scottish Cup - hopefully someone else can take care of that.

Here here

[Tornadoes70]

I’ve said it before, but for the greater good of humanity Hibs and the Dons need to finish above them in the League.

Of course they can still qualify for Europe via the Scottish Cup - hopefully someone else can take care of that.

This would be very nice of course however the vital decision is upcoming which of course is that the Court of Session Inner House confirms Lord Bannatyne's decision of finding for the TP. If upheld the gasl's position is untenable and puts their club into a state of chaos and flux. If not it gives the gasl a clean slate in which to move forward with share issues and the ability to obtain cleaner financing. Its the most important factor at this time.





mon the cabbage!!!

[ballengeich]

If not it gives the gasl a clean slate in which to move forward with share issues and the ability to obtain cleaner financing. Its the most important factor at this time.


Do you think they'll get much finance from any share issue? Converting debt to equity doesn't bring in any fresh cash, and financial institutions won't touch them. They'll be able to empty the Club 1872 piggybank, but other than that only wealthy fans willing to become less wealthy will hand over money.

[Tornadoes70]

Do you think they'll get much finance from any share issue? Converting debt to equity doesn't bring in any fresh cash, and financial institutions won't touch them. They'll be able to empty the Club 1872 piggybank, but other than that only wealthy fans willing to become less wealthy will hand over money.

I have no idea how much they'd be able to generate with new share issues. What I do know for certain is that the Court of Session judgement will have consequences one way or another. If its upheld it is chaos and flux as per cold shouldering and enforcement on the other hand if its not upheld it gets the concert party off the hook and able to move forward however it ends up. Its a critical issue which if upheld leaves the gasl position as I said before quite untenable.




mon the cabbage!!!

[tamsonsbairn]

It's not a loan agreement. It's the document registering the security that Close Brothers have.

I don't agree with Phil's assertion that it's a loan. The document clearly refers to the "facility".

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it also says on that form that sevco are the Borrower and close are the Lender. does that change anything CWG.

[CropleyWasGod]

it also says on that form that sevco are the Borrower and close are the Lender. does that change anything CWG.

Nah, I don't think it does. I have seen Phil and others using that as evidence that this is a loan.

If someone has an overdraft, they are a borrower.

[Ozyhibby]

Nah, I don't think it does. I have seen Phil and others using that as proof that this is a loan.

If someone has an overdraft, they are a borrower.

Is it normal to have a security with an overdraft?


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[CropleyWasGod]

Is it normal to have a security with an overdraft?


Sent from my iPhone using TapatalkIn business, it's pretty common. It protects the lender from situations where the borrower draws the full amount, and runs away with no likelihood of repaying.



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[HoboHarry]

In business, it's pretty common. It protects the lender from situations where the borrower draws the full amount, and runs away with no likelihood of repaying.



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I understand that in normal business it may be common but I would suggest that for the most part those businesses aren't in the public eye quite as much as Sevco are. Sevco aren't very likely to to do a disappearing act overnight are they? To my mind this type of agreement seriously hurts a business like a football club who are open to wide public scrutiny......

[CropleyWasGod]

I understand that in normal business it may be common but I would suggest that for the most part those businesses aren't in the public eye quite as much as Sevco are. Sevco aren't very likely to to do a disappearing act overnight are they? To my mind this type of agreement seriously hurts a business like a football club who are open to wide public scrutiny......By "running away", I meant spending it all and being unable or unwilling to pay.

Any lender becoming involved with any business with a history like RFC, high-profile or not, would be daft not to take any sort of security.

It's not that long since our borrowings (loan and overdraft) were secured. :wink:

[Deansy]

I’ve said it before, but for the greater good of humanity Hibs and the Dons need to finish above them in the League.

Of course they can still qualify for Europe via the Scottish Cup - hopefully someone else can take care of that.

That scenario gives me goosebumps - the Scottish Football 'media' (Jabba's secretary's) would be suicidal !. However you can pretty much guarantee some almighty refereeing 'human-errors' benefitting the Hun between now and the end of the season - making it all that much sweeter should we and the Dons do it !

C'MON HIBS AND ABERDEEN - DO IT FOR THE GAME AND FOR SOCIETY !

[The Green Goblin]

I stopped FB because it was depressing me, that was 18 month ago and I don’t miss it one bit. Twitter was a forced retirement 😉 their T&Cs dont allow relentlessly calling piers Morgan a see you next Tuesday apparently. I kinda missed it a first but not now. I think it’s been good for my mental health I don’t get bombarded with stuff all the time and I usually only lift my phone to answer it or change song or podcast. I still have an IG and you tube account though.

Cheers mate. :aok: I think I will follow your example... Good stuff on the Piers Morgan ban btw. Top marks. :greengrin

[Joe6-2]

That scenario gives me goosebumps - the Scottish Football 'media' (Jabba's secretary's) would be suicidal !. However you can pretty much guarantee some almighty refereeing 'human-errors' benefitting the Hun between now and the end of the season - making it all that much sweeter should we and the Dons do it !

C'MON HIBS AND ABERDEEN - DO IT FOR THE GAME AND FOR SOCIETY !


Took the words out of my mouth, refereeing ‘blunders’ a plenty

[Ozyhibby]

A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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[Seveno]

A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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That makes an enjoyable read. Thanks for posting.

[lapsedhibee]

That makes an enjoyable read. Thanks for posting.
:agree: Excellent.

[ancient hibee]

Interesting read but he falls into the trap of thinking that a perfectly standard notice of registration which always refers to a loan regardless of the type of borrowing and has standard clauses regarding failure to repay when requested is something out of the ordinary.When it's a loan clauses will usually state a failure to comply with the loan agreement repayment schedule.When it's an overdraft repayment can be requested at any time.

[Billy Whizz]

Not sure where they’ll get the £1m for JC in the summer, unless it’s advance season ticket money

[brianmc]

A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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Thoroughly enjoyed reading that. Thanks for posting.

[jacomo]

A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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The MSM (or GSM) deserve all the criticism they get. And the BBC is the worst of the lot here.

It looks like they’ve humiliated and silenced one of their senior journalists to appease Sevco.

[jacomo]

Not sure where they’ll get the £1m for JC in the summer, unless it’s advance season ticket money


As things stands they won’t.

On past form, they’ll try and trash his reputation before the end of season or pin the blame on Forest somehow.

[Geo_1875]

That scenario gives me goosebumps - the Scottish Football 'media' (Jabba's secretary's) would be suicidal !. However you can pretty much guarantee some almighty refereeing 'human-errors' benefitting the Hun between now and the end of the season - making it all that much sweeter should we and the Dons do it !

C'MON HIBS AND ABERDEEN - DO IT FOR THE GAME AND FOR SOCIETY !


Plus the post-split fixtures will be "interesting".

I can see us getting 2 home games against Celtc and whoever finishes 6th while playing Big Hun, Little Hun and Sheep****gers away.

[Eyrie]

Plus the post-split fixtures will be "interesting".

I can see us getting 2 home games against Celtc and whoever finishes 6th while playing Big Hun, Little Hun and Sheep****gers away.

The sensible thing to do is to give them trips to us and Aberdeen for fairness in the race for second. They'll also play at Parkhead to ensure two home bigot derbies each. That would mean Hearts and Kilmarnock losing out.

There is a minor issue if Sevco have only had 16 home games and a major one when they insist on getting their own way again.

[Is It On....]

A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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Seems to be edging closer again..if The Rangers finished 4th in the league it could lead to a lovely summer of developments 😉

[cabbageandribs1875]

sevco will insist that all their games after the split must be against Aberdeen, they won't have a problem if they have to play 3 of the games at pittodrie as the results will be the same anyway

[JimBHibees]

Plus the post-split fixtures will be "interesting".

I can see us getting 2 home games against Celtc and whoever finishes 6th while playing Big Hun, Little Hun and Sheep****gers away.

There is no way we should be getting 3 games at Ibrox given we are competing with them. Should give us another game to Killie if need be.

[Renfrew_Hibby]

I think both us and Killie will be heading to Govan for a 3rd time. Its based on our ranking from last season and we are obviously the bottom two ranked sides in the top 6.
As soon as the fixtures came out this was always on the cards. The way they were compiled were as dodgy as.

[Billy Whizz]

I think both us and Killie will be heading to Govan for a 3rd time. Its based on our ranking from last season and we are obviously the bottom two ranked sides in the top 6.
As soon as the fixtures came out this was always on the cards. The way they were compiled were as dodgy as.

If we have to go to Killie/Rangers a 3rd time, they’ll have to send the Jambos or Aberdeen to ER for a 3rd time, as we’re due 3 at home post split

[Springbank]

If we have to go to Killie/Rangers a 3rd time, they’ll have to send the Jambos or Aberdeen to ER for a 3rd time, as we’re due 3 at home post split

Rangers v Hibs at Ibrox (expect a Hibs win)
Hibs v Aberdeen at Easter Road (expect a Hibs win)

Problem solved

[Renfrew_Hibby]

We could end up with 18 home and 20 away fixtures. This has happend to clubs before.

[Since90+2]

The question should be asked why Rangers were given 3 home fixtures before the split against the teams most likely to be in the top 6. You could probably have nailed on 4 or 5 of the teams who were going to be top 6 before the season started.

[Phil MaGlass]

This has now went from meltdown thread to fixture list thread

:greengrin

[Geo_1875]

We could end up with 18 home and 20 away fixtures. This has happend to clubs before.

And it will happen to Hibs this season. It's time this farcical split was binned.

[CentreLine]

Please can we keep this thread to the The Rangers financial position and potential for meltdown. Let’s keep the post split fixtures comment to a separate thread

[Is It On....]

Please can we keep this thread to the The Rangers financial position and potential for meltdown. Let’s keep the post split fixtures comment to a separate thread

If Sevco finish 4th (after the split obviously) then they will have a financial gap to plug in the summer. Just as well the Chinese clubs are lining up to bid £10m for Morellos 😂😂😂

[Aim Here]

If Sevco finish 4th (after the split obviously) then they will have a financial gap to plug in the summer. Just as well the Chinese clubs are lining up to bid £10m for Morellos 😂😂😂

That's assuming they don't win the cup of course. They still have to win a game at Ibrox for that to happen, so it's a pretty good assumption.

[Ozyhibby]

It appears the recent security taken by Close Brothers is not only for the car park and Edmonton house but also includes their PA system, the large screens inside the stadium and all the catering equipment inside the stadium.
That’s a lot of security for a £3m loan/overdraft.


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[Smartie]

It appears the recent security taken by Close Brothers is not only for the car park and Edmonton house but also includes their PA system, the large screens inside the stadium and all the catering equipment inside the stadium.
That’s a lot of security for a £3m loan/overdraft.


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To put a slightly pessimistic slant on that, would that not suggest that the Rangers board are pretty confident in their ability to service the debt (one way or another)?

I don't know if I'd be putting up bucketloads of security on a debt that I was possibly going to default on pretty soon.

[Geo_1875]

To put a slightly pessimistic slant on that, would that not suggest that the Rangers board are pretty confident in their ability to service the debt (one way or another)?

I don't know if I'd be putting up bucketloads of security on a debt that I was possibly going to default on pretty soon.

If the lender was your last resort you'd put up whatever they asked for.

[CropleyWasGod]

It appears the recent security taken by Close Brothers is not only for the car park and Edmonton house but also includes their PA system, the large screens inside the stadium and all the catering equipment inside the stadium.
That’s a lot of security for a £3m loan/overdraft.


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.. especially when the original cost was £5.5m. :greengrin

[CropleyWasGod]

If the lender was your last resort you'd put up whatever they asked for.

The phrase "balls in vice" is what we use in the trade. :greengrin

[Ozyhibby]

To put a slightly pessimistic slant on that, would that not suggest that the Rangers board are pretty confident in their ability to service the debt (one way or another)?

I don't know if I'd be putting up bucketloads of security on a debt that I was possibly going to default on pretty soon.

The Rangers board were also confident that Dave King was going to cover this and they would not need this finance at all.
One thing for sure, if Close Brothers have to call this in then they won’t be able to play matches without a PA system.


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[Ozyhibby]

https://uploads.tapatalk-cdn.com/20180221/cf23efc3ed87065486ec307d5e31eaf7.jpg


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[jacomo]

https://uploads.tapatalk-cdn.com/20180221/cf23efc3ed87065486ec307d5e31eaf7.jpg


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And they chased Mike Ashley out of the Big Hoose for this?

:faf:

[HoboHarry]

And they chased Mike Ashley out of the Big Hoose for this?

:faf:
It's whit supporters of big teams dae. Apparently.

:faf:

[PatHead]

https://uploads.tapatalk-cdn.com/20180221/cf23efc3ed87065486ec307d5e31eaf7.jpg



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Anyone know the lenders cost of funds?

[CropleyWasGod]

Anyone know the lenders cost of funds?It's an ambiguous term IMO.

If it means the "cost to the lender", it's probably the LIBOR rate...currently about 0.5%. If that's the case, a default rate of 4.5% doesn't seem too bad.

If it means "the cost charged by the lender", that could be anything.

We need to see the facility agreement, Ozy [emoji16]

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[Jack]

It's an ambiguous term IMO.

If it means the "cost to the lender", it's probably the LIBOR rate...currently about 0.5%. If that's the case, a default rate of 4.5% doesn't seem too bad.

If it means "the cost charged by the lender", that could be anything.

We need to see the facility agreement, Ozy [emoji16]

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4.5%!!!!

That means these 'crooked n'er do wells' are charging less than the Budgie is changing the yams!

[Smartie]

4.5%!!!!

That means these 'crooked n'er do wells' are charging less than the Budgie is changing the yams!

Or to paraphrase - "that 'crooked ne'er do well' Budgie is charging the Yams more than the Close Brothers are charging Sevco!!!!".

[CropleyWasGod]

Or to paraphrase - "that 'crooked ne'er do well' Budgie is charging the Yams more than the Close Brothers are charging Sevco!!!!".

She's charging them nowt just now, but that wouldn't be as funny..... :greengrin

[Ozyhibby]

https://uploads.tapatalk-cdn.com/20180221/44a2658ef4f51d667f3f689c45f6d85b.jpg

CWG, what’s the dif between a floating and a fixed charge?


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[Skol]

Or to paraphrase - "that 'crooked ne'er do well' Budgie is charging the Yams more than the Close Brothers are charging Sevco!!!!".

She has security on the whole shooting match though !