Generic Sevco / Rangers meltdown thread

[Hibernia&Alba]

Are they paying 7 million for Kent from Liverpool? Where are they getting that from?

[BoomtownHibees]

Are they paying 7 million for Kent from Liverpool? Where are they getting that from?

Think it’s getting paid over a number of years with something like £3m up front

[Hibernia&Alba]

Think it’s getting paid over a number of years with something like £3m up front

They paid 3.5 million for the Swedish defender who was left on the bench yesterday. Glib and shameless liar is up to something dodgy :agree:

[Sammy7nil]

Are they paying 7 million for Kent from Liverpool? Where are they getting that from?

Accounts showed £15.5 million loss last season spent £12 million this year. Wages must be high as the squad is huge. I know they have UEFA money but surely trouble ahead.

[Hibernia&Alba]

Accounts showed £15.5 million loss last season spent £12 million this year. Wages must be high as the squad is huge. I know they have UEFA money but surely trouble ahead.

Desperate throw of the dice to try to deny Celtic ten-in-a-row. I really hope it all collapses again.

[Smartie]

Think it’s getting paid over a number of years with something like £3m up front

If Liverpool have sanctioned something like that then I really hope they are deservedly stiffed when the new huns go pop.

Stevie G ain't half getting a favour there.

[JeMeSouviens]

If Liverpool have sanctioned something like that then I really hope they are deservedly stiffed when the new huns go pop.

Stevie G ain't half getting a favour there.

That’s pretty standard to be fair. Although with Glibby’s track record you’d think there’d be alarm bells.

I thought Kent was a no bad player but £7M seems a bit desperate?

[Hibernia&Alba]

Accounts showed £15.5 million loss last season spent £12 million this year. Wages must be high as the squad is huge. I know they have UEFA money but surely trouble ahead.

Did soft loans from the owners cover that loss?

[Smartie]

That’s pretty standard to be fair. Although with Glibby’s track record you’d think there’d be alarm bells.

I thought Kent was a no bad player but £7M seems a bit desperate?

Were Liverpool not looking for £10m for him not so long ago?

This move would be a huge risk for Rangers and Liverpool, unless there's a clause where Liverpool get him back if Sevco go pop.

The closer 10 in a row gets, the weaker the Sevco position becomes.

And as much as their European adventures are disappointing, yesterday was "pleasing" for people who value sporting integrity.

[BoomtownHibees]

Were Liverpool not looking for £10m for him not so long ago?

This move would be a huge risk for Rangers and Liverpool, unless there's a clause where Liverpool get him back if Sevco go pop.

The closer 10 in a row gets, the weaker the Sevco position becomes.

And as much as their European adventures are disappointing, yesterday was "pleasing" for people who value sporting integrity.

If they had won yesterday I wonder if they would have went all out to sign him. Heard today that Jones may be out for the season as well

[ancient hibee]

That’s pretty standard to be fair. Although with Glibby’s track record you’d think there’d be alarm bells.

I thought Kent was a no bad player but £7M seems a bit desperate?


Horgan had better stats-he's massively overhyped.

[Smartie]

Horgan had better stats-he's massively overhyped.

I must admit I was surprised to hear that, as I thought he was top notch when I saw him play against us last season.

[Hibernia&Alba]

I must admit I was surprised to hear that, as I thought he was top notch when I saw him play against us last season.

He was outstanding that day at Easter Road.

Huns' dodgy dealings in evidence once again here.

[BILLYHIBS]

If they had won yesterday I wonder if they would have went all out to sign him. Heard today that Jones may be out for the season as well

Yip! Looked as though he injured himself tackling/taking out the Celtic player serves him right

[007]

Yip! Looked as though he injured himself tackling/taking out the Celtic player serves him right

Well done Karma.

[HoboHarry]

JJ claiming that Sevco signed Ryan Kent after the window had closed. Its hard to grapple with some of the nonsense he writes but this would be marvelous if true......

https://johnjamessite.com/

[jacomo]

Definite double counting going on here...

Sevco have previously said regular Europa League participation is crucial to their financial viability, but now say progress to the group stage has enabled them to fund Ryan Kent move?

I suppose, having qualified for the group stage two seasons in a row, things are going well on that front, but they lost £14m last year and their row with Sports Direct is still unresolved.

[JeMeSouviens]

Definite double counting going on here...

Sevco have previously said regular Europa League participation is crucial to their financial viability, but now say progress to the group stage has enabled them to fund Ryan Kent move?

I suppose, having qualified for the group stage two seasons in a row, things are going well on that front, but they lost £14m last year and their row with Sports Direct is still unresolved.

One thing about Sevco's board is that it is now chock full of die hard Huns. I think they are doubling down desperately to try and stop Celtc's 10IAR.

[HoboHarry]

One thing about Sevco's board is that it is now chock full of die hard Huns. I think they are doubling down desperately to try and stop Celtc's 10IAR.
Stopping 10IAR as well as the prize of Champions League qualification. On the basis that Celtic have struggled to get to the group stages in the last couple of years I would imagine it will be tough for Sevco too.....

[Onion]

Definite double counting going on here...

Sevco have previously said regular Europa League participation is crucial to their financial viability, but now say progress to the group stage has enabled them to fund Ryan Kent move?

I suppose, having qualified for the group stage two seasons in a row, things are going well on that front, but they lost £14m last year and their row with Sports Direct is still unresolved.

Money means nothing to the Huns just now. They are blinded by the thought of 9IAR / 10IAR. Past hits such as screwing the taxman, defrauding small businesses, excessive borrowing and getting into bed with crooks will all get a reprise in their panic. Should be fun watching them implode.

[Ozyhibby]

https://uploads.tapatalk-cdn.com/20191001/73dc38fdc9e10e59d7b9627dc86dece0.jpg


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[HoboHarry]

https://uploads.tapatalk-cdn.com/20191001/73dc38fdc9e10e59d7b9627dc86dece0.jpg


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Popcorn time lol......

[Billy Whizz]

https://uploads.tapatalk-cdn.com/20191001/73dc38fdc9e10e59d7b9627dc86dece0.jpg


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Is this to decide the compensation, for breaching the Sports Direct contract?

[HoboHarry]

Is this to decide the compensation, for breaching the Sports Direct contract?
Yes, there was an interim payment of 440,000 IIRC but this one could be in the millions......

[CraigHibee]

Im hoping its a substantial sum :)

[HoboHarry]

Im hoping its a substantial sum :)
Twice as much as what would be required to send the club into liquidation would be grand.....

[weecounty hibby]

I've missed this thread. Please let it be an eye watering sum they have to stump up

[Smartie]

I've missed this thread. Please let it be an eye watering sum they have to stump up

I get a giddy, lovestruck teenager feeling when it see it back on the front page.

[Bostonhibby]

I've missed this thread. Please let it be an eye watering sum they have to stump upSevconians will be falling over themselves to stop their team going bust again, they'll rally round and pay their debts just like they did with the now defunct Glasgow rangers.

They don't do walking away you know..... oh wait a minute.

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[sadtom]

How perfect would it be if there are exactly another 250 pages on this thread when they finally die. :thumbsup:

[CyberSauzee]

Still funny

https://www.youtube.com/watch?v=H8x_59EjZOs&t=7s

[CraigHibee]

Still funny

https://www.youtube.com/watch?v=H8x_59EjZOs&t=7s


haha so funny as it's so true :greengrin

[Keith_M]

How perfect would it be if there are exactly another 250 pages on this thread when they finally die. :thumbsup:


Only one more page would be even better.

[Ozyhibby]

https://uploads.tapatalk-cdn.com/20191002/2883b52861bf9736ad5775b5ca9c8f3c.jpg
New shares issued.


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[Ozyhibby]

https://uploads.tapatalk-cdn.com/20191002/2883b52861bf9736ad5775b5ca9c8f3c.jpg
New shares issued.


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Actually that’s the wrong screenshot.
https://uploads.tapatalk-cdn.com/20191002/ce552842a49216febdeb50be3567195e.jpg


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[Moulin Yarns]

Actually that’s the wrong screenshot.
https://uploads.tapatalk-cdn.com/20191002/ce552842a49216febdeb50be3567195e.jpg


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Whit? 35 million shares for 20p????

[Smartie]

What does this mean?

[HoboHarry]

What does this mean?
Was wondering that too. Are these for sale to the public or have they been issued to those providing soft loans to stay onside with the Fair Play rules?

[Ozyhibby]

Was wondering that too. Are these for sale to the public or have they been issued to those providing soft loans to stay onside with the Fair Play rules?

Think it’s just converting more debt to equity. A lot of people have chucked a lot of money at them and still not a single trophy in the cabinet.


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[Billy Whizz]

What does this mean?

Means they are skint, need to raise money

[HoboHarry]

Think it’s just converting more debt to equity. A lot of people have chucked a lot of money at them and still not a single trophy in the cabinet.


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What debt though? The debt owed to Park etc? If it is that doesn't really benefit the club really in terms of (for example) offsetting a potential payout to SDI? I'm no expert in this so happy to have it explained to me why I'm wrong.....

[Ozyhibby]

What debt though? The debt owed to Park etc? If it is that doesn't really benefit the club really in terms of (for example) offsetting a potential payout to SDI? I'm no expert in this so happy to have it explained to me why I'm wrong.....

Doesn’t give the club more cash but does help with uefa ffp rules.


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[HoboHarry]

Doesn’t give the club more cash but does help with uefa ffp rules.


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That was the question I asked earlier - that makes sense but in terms of financial help it does nothing for the club. Splendid, hope the b******s go under, shouting and screaming all the way.....

[jacomo]

Think it’s just converting more debt to equity. A lot of people have chucked a lot of money at them and still not a single trophy in the cabinet.




Come on now. They’ve won the Petrofac cup and the division one trophy, which for a club founded in 2012 is not to be sniffed at.

[Bostonhibby]

Come on now. They’ve won the Petrofac cup and the division one trophy, which for a club founded in 2012 is not to be sniffed at.There are folk out there who'd be proud to have the petrofac shield or whatever it is on their mantelpiece.

I think you get to have loads of big stars on your shirt badge, like the clubs who've won the Champions league and the world cup.

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[Keith_M]

Whit? 35 million shares for 20p????


Presumably 20p each, though you never know.


Seven million pounds of soft loans converted into shares?

[Keith_M]

Come on now. They’ve won the Petrofac cup and the division one trophy, which for a club founded in 2012 is not to be sniffed at.


Their current list of honours is:

2013: Third Division (League Two)
2014: League One
2016: The Championship and the Petrofac Cup


Actually, didn't they also win the Scottish Cup in 2016 (captained by Andy Halliday), making it a Domestic Treble?

:dunno:

[HoboHarry]

Presumably 20p each, though you never know.


Seven million pounds of soft loans converted into shares?
That's my guess, does make you wonder how these dafties managed to get rich though. The shares are junk.....

[Ozyhibby]

https://www.eveningexpress.co.uk/news/scotland/mike-ashleys-latest-court-fight-with-rangers-arouses-judges-concern/amp/?__twitter_impression=true
https://uploads.tapatalk-cdn.com/20191002/9b2bd25794099a3c52feee5ac36cc058.jpg


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[HoboHarry]

https://www.eveningexpress.co.uk/news/scotland/mike-ashleys-latest-court-fight-with-rangers-arouses-judges-concern/amp/?__twitter_impression=true
https://uploads.tapatalk-cdn.com/20191002/9b2bd25794099a3c52feee5ac36cc058.jpg


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Well that's a real disappointment. Really hoped Sevco were going to get rodgered......

[Jack Hackett]

Well that's a real disappointment. Really hoped Sevco were going to get rodgered......

Might well be that Ashley's just playing them like fish. They should have money from the group stages of the EL for him to milk by January.

[Ronniekirk]

Means they are skint, need to raise money

And they won’t have any problem raising it ,which is why ,with them now getting into group stages of European competition , potentially Cup Final and pushing Celtic in the League , any thought of them going into Administration is just that It’s not going to happen now imo
But agree they have spend ,overspent borrowed soft loaned etc and still no Trophy to show
Best we can hope for is they win nothing this Season again



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[CloudSquall]

https://twitter.com/WingsScotland/st...99675834339328 (https://twitter.com/WingsScotland/status/1180399675834339328)

Just your average "staunch" wedding do setting a lovely example for the kids in attendance.

Warning: Cringe level 10

[bringbackbenny]

https://twitter.com/WingsScotland/st...99675834339328 (https://twitter.com/WingsScotland/status/1180399675834339328)

Just your average "staunch" wedding do setting a lovely example for the kids in attendance.



Warning: Cringe level 10

No my cringe level goes to 11 :)

On a more serious note some of the guests aren't participating and look decidedly uncomfortable.

[The 90+2]

No my cringe level goes to 11 :)

On a more serious note some of the guests aren't participating and look decidedly uncomfortable.

Imagine taking your children to a wedding like that 😂😂😂

[Skol]

That is unbelievable. You have to assume that someone there was of the other type. And with the kids there.

Just loveable rogues really

[Ozyhibby]

https://www.fca.org.uk/publications/corporate-documents/statement-takeover-panel-cold-shouldering-david-cunningham-king
Dave King cold shouldered. No idea what effect this will have.

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[grunt]

https://www.fca.org.uk/publications/corporate-documents/statement-takeover-panel-cold-shouldering-david-cunningham-king
Dave King cold shouldered. No idea what effect this will have.

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Here's the FCA article and the Takeover Panel statement http://www.thetakeoverpanel.org.uk/wp-content/uploads/2019/10/Panel-Statement-2019.16.pdf



'Cold-shouldering' effectively means that no FCA-regulated entity can act for this individual on any transaction subject to The City Code on Takeovers and Mergers (the Code).

On 16 September 2019, the Takeover Panel Hearings Committee (the Committee) considered disciplinary proceedings brought by the Executive of the Takeover Panel (the Executive) regarding a breach by Mr King of the obligation to announce a mandatory offer under Rule 9 of the Code and other related contraventions of the Code.

The Committee declared, in accordance with section 11(b)(v) of the Introduction to the Takeover Code, that Mr King is a person who in its opinion is not likely to comply with the Code and should be cold-shouldered. This sanction and subsequent ‘cold-shouldering’ will apply for 4 years from the date of the ruling (2 October 2019).

Following this ruling, we draw your attention to the provisions of MAR 4.3 (Support of the Takeover Panel’s functions), which relate to ‘cold–shouldering’. In particular, MAR 4.3.1R states that a firm must not act, or continue to act, for any person in connection with a transaction to which the Code applies if the firm has reasonable grounds for believing that the person in question, or his principal, is not complying or is not likely to comply with the Code. Under MAR4.3.2G, if a person is named in a ruling of the Committee, we expect a firm to comply with MAR4.3.1R by not acting or continuing to act for that person. See MAR 4.3 for further information (https://www.handbook.fca.org.uk/handbook/MAR/4/3.html).

We remind all regulated firms that they should not deal with the individual mentioned above, or his principals, on any transactions to which the Takeover Code applies. We also expect regulated firms to inform all approved persons at their firms that they should not deal with this individual on such transactions.

Regulated firms need to be aware that we take all regulatory breaches very seriously and a breach of MAR 4.3 may leave a firm and any individuals involved open to enforcement action.

[Ozyhibby]

https://rangers.co.uk/news/headlines/statement-by-dave-king-2/


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[grunt]

… the Takeover Panel statement http://www.thetakeoverpanel.org.uk/wp-content/uploads/2019/10/Panel-Statement-2019.16.pdf
This contains some interesting comments:


78. The Committee’s conclusion from this pattern of conduct is that Mr King complies with the Code only when enforcement by the courts leaves him with no other choice, an impression which, in respects explained above, was strengthened by his conduct during the contempt proceedings.


80. The Committee is, therefore, of the opinion that the pattern of conduct summarised above shows in its opinion that Mr King is someone who is unlikely to comply with the Code.


81. We would also add that Mr King’s prolonged refusal to procure a Rule 9 offer, along with his conduct in dealing with the Executive during its initial investigation into a possible concert party, were offences of the utmost seriousness for which a statement of public censure would not be a sufficient sanction.


86. … In short, the contravention of Rule 9 was an offence of the utmost gravity in which Mr King persisted until he was constrained by court order to comply.

[HoboHarry]

https://rangers.co.uk/news/headlines/statement-by-dave-king-2/


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Realistically speaking, where does that leave Rangers/Sevco in terms of having King as it's chairman?

[Deansy]

https://twitter.com/WingsScotland/st...99675834339328 (https://twitter.com/WingsScotland/status/1180399675834339328)

Just your average "staunch" wedding do setting a lovely example for the kids in attendance.

Warning: Cringe level 10

A wedding with wall-to-wall 'Senga's & Shuggie's' - the soul trembles !. Uuuuugh!

[HoboHarry]

A wedding with wall-to-wall 'Senga's & Shuggie's' - the soul trembles !. Uuuuugh!
Gawd almighty, that's horrendous.

[Bostonhibby]

Realistically speaking, where does that leave Rangers/Sevco in terms of having King as it's chairman?He was a multiple convicted tax fraudster before he met the SFA fit and proper person test, and he still is now, was cold shouldered early on as well, so I guess he's still good to go for the Scottish authorities.

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[Chorley Hibee]

He was a multiple convicted tax fraudster before he met the SFA fit and proper person test, and he still is now, was cold shouldered early on as well, so I guess he's still good to go for the Scottish authorities.

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Realistically it means nothing.

Rangers will continue to overspend, and then stick two fingers up to the governing bodies, the law, and the rest of Scottish football, and none of the aforementioned will do anything about it.

Sadly I'm back at the stage where the games a bogey in Scotland.

[HoboHarry]

He was a multiple convicted tax fraudster before he met the SFA fit and proper person test, and he still is now, was cold shouldered early on as well, so I guess he's still good to go for the Scottish authorities.

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You sure about that? The report states that he hadn't previously been in breach of the code unless I'm misunderstanding something....

[HoboHarry]

Realistically it means nothing.

Rangers will continue to overspend, and then stick two fingers up to the governing bodies, the law, and the rest of Scottish football, and none of the aforementioned will do anything about it.

Sadly I'm back at the stage where the games a bogey in Scotland.
That's not the question I am asking - I understand all of that but can Rangers continue to have King as it's chairman or will they risk sanctions as well?

[Bostonhibby]

You sure about that? The report states that he hadn't previously been in breach of the code unless I'm misunderstanding something....Somewhere way back in this thread it was mentioned that he'd been, I'm sure. I took it to mean no one who was regulated could, or wanted to act for him for whatever sevco were up to at that time.

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[Ozyhibby]

Sevco have taken the statement down already.


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[HoboHarry]

Sevco have taken the statement down already.


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If the one from King is down already then things aren't going well behind the scenes at Sevco.

[DaveSo]

Could their bank (Metro I think it is) be forced to withdraw their banking facilities ?
Lets hope so - back to brown paper payslips with cash for players and staff !

[Hibernia&Alba]

https://twitter.com/WingsScotland/st...99675834339328 (https://twitter.com/WingsScotland/status/1180399675834339328)

Just your average "staunch" wedding do setting a lovely example for the kids in attendance.

Warning: Cringe level 10


No my cringe level goes to 11 :)

On a more serious note some of the guests aren't participating and look decidedly uncomfortable.


Imagine taking your children to a wedding like that 😂😂😂


That is unbelievable. You have to assume that someone there was of the other type. And with the kids there.

Just loveable rogues really

The worst thing is it isn't even a surprise or a shock. All of us have seen this in Scotland; all of us who were baptised as Roman Catholic have been subjected to it at some point; even told we shouldn't be here, as Scotland is a Protestant country. Tell people in England and they are stunned, but this garbage persists here. These idiots are a national embarrassment, even taking their filth into a wedding.

[HoboHarry]

Could their bank (Metro I think it is) be forced to withdraw their banking facilities ?
Lets hope so - back to brown paper payslips with cash for players and staff !
Times like this I miss the input from CWG. If that was a possibility then Sevco would have to act to jettison King I would imagine but he won't walk away from whatever money he put into the club so it could get messy. Oh I do hope that's what happens :greengrin....

[Hibernia&Alba]

Times like this I miss the input from CWG. If that was a possibility then Sevco would have to act to jettison King I would imagine but he won't walk away from whatever money he put into the club so it could get messy. Oh I do hope that's what happens :greengrin....

:agree:

Much missed, I hope he returns. Why did he leave? :confused:

[greenginger]

Could their bank (Metro I think it is) be forced to withdraw their banking facilities ?
Lets hope so - back to brown paper payslips with cash for players and staff !


Para 87 of the Take Over Panel statement says the cold shouldering will apply to King and not The Rangers .

[HoboHarry]

:agree:

Much missed, I hope he returns. Why did he leave? :confused:
I saw a post recently where someone on here claimed he was involved in some way in the Hibs takeover. No idea how much truth is in that, just what I read.....

[HoboHarry]

Para 87 of the Take Over Panel statement says the cold shouldering will apply to King and not The Rangers .
Right but King is chairman of The Rangers/Sevco is he not? How does that impact things?

[Hibernia&Alba]

I saw a post recently where someone on here claimed he was involved in some way in the Hibs takeover. No idea how much truth is in that, just what I read.....


Okay, but why would that make him leave? He was a top guy on here.

[HoboHarry]

Okay, but why would that make him leave? He was a top guy on here.
No disagreement from me, I miss his posts a great deal - maybe as simple as taking up a huge amount of his time?

[Hibernia&Alba]

No disagreement from me, I miss his posts a great deal - maybe as simple as taking up a huge amount of his time?

Possibly, yes. I hope he returns.

[HoboHarry]

Para 87 of the Take Over Panel statement says the cold shouldering will apply to King and not The Rangers .
This is a quote from the Takeover Panel statement

"We remind all regulated firms that they should not deal with the individual mentioned above, or his principals, on any transactions to which the Takeover Code applies. We also expect regulated firms to inform all approved persons at their firms that they should not deal with this individual on such transactions.Regulated firms need to be aware that we take all regulatory breaches very seriously and a breach of MAR 4.3 may leave a firm and any individuals involved open to enforcement action."

Does this mean that The Rangers cannot become listed on the stock exchange again for at least 4 years while he is the chairman? And no regulated company can deal with King in any way?

[Ozyhibby]

The worst thing is it isn't even a surprise or a shock. All of us have seen this in Scotland; all of us who were baptised as Roman Catholic have been subjected to it at some point; even told we shouldn't be here, as Scotland is a Protestant country. Tell people in England and they are stunned, but this garbage persists here. These idiots are a national embarrassment, even taking their filth into a wedding.

We live in a country where Catholics can’t become prime minister so it is no surprise.


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[malcolm]

This is a quote from the Takeover Panel statement

"We remind all regulated firms that they should not deal with the individual mentioned above, or his principals, on any transactions to which the Takeover Code applies. We also expect regulated firms to inform all approved persons at their firms that they should not deal with this individual on such transactions.Regulated firms need to be aware that we take all regulatory breaches very seriously and a breach of MAR 4.3 may leave a firm and any individuals involved open to enforcement action."

Does this mean that The Rangers cannot become regulated again for at least 4 years while he is the chairman? And no regulated company can deal with King in any way?

Regulated means ‘FCA regulated’ as they are involved in providing financial services to consumers. Regulated firms either by the FCA (or broadly for banks the PRA) have to have approval for individuals to hold certain roles but the club is not going to be regulated. Firms offering financial services would (should) not do so to an individual who has been cold shouldered. Does not affect the club but the dullards running football thought he was fit and proper before and probably think this confirms this view.:greengrin

[HoboHarry]

Regulated means ‘FCA regulated’ as they are involved in providing financial services to consumers. Regulated firms either by the FCA (or broadly for banks the PRA) have to have approval for individuals to hold certain roles but the club is not going to be regulated. Firms offering financial services would (should) not do so to an individual who has been cold shouldered. Does not affect the club but the dullards running football thought he was fit and proper before and probably think this confirms this view.:greengrin
OK my bad, by regulated I meant listed on the stock exchange like they used to be....

[Hibernia&Alba]

We live in a country where Catholics can’t become prime minister so it is no surprise.


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A Catholic can be prime minister but not head of state, as the British monarch is also head of the Anglican Church. This also disbars Protestants who are non-conformists.

[Deansy]

See the 'shot across the bows' remark from the judge - is that aimed at the Hun or SD or both ?

[malcolm]

OK my bad, by regulated I meant listed on the stock exchange like they used to be....
The action taken seems to be against king as an individual rather than as acting as an office holder of the club/company. It was I think his actions in buying shares to obtain control that were in breach of the code and so it is him and not the club that is subject to this sanction. That said you might expect the bad smell from his cold shouldering to impact on anything the club/company might want to do with him in office in respect to share activity that requires firms to provide regulated services ....but to (too) many nothing seems to make that club unworthy of respect.

[Cataplana]

https://twitter.com/wingsscotland/st...99675834339328 (https://twitter.com/wingsscotland/status/1180399675834339328)

just your average "staunch" wedding do setting a lovely example for the kids in attendance.

Warning: Cringe level 10

omfg

[Cataplana]

The worst thing is it isn't even a surprise or a shock. All of us have seen this in Scotland; all of us who were baptised as Roman Catholic have been subjected to it at some point; even told we shouldn't be here, as Scotland is a Protestant country. Tell people in England and they are stunned, but this garbage persists here. These idiots are a national embarrassment, even taking their filth into a wedding.

Hate to tell you thus, but it happens to Protestants too. Its bollocks whatever side comes out with it. Maybe step one is both sides accepting they gave a problem.


A Catholic can be prime minister but not head of state, as the British monarch is also head of the Anglican Church. This also disbars Protestants who are non-conformists.

Not after a fight here, but can you tell me how many Protestant popes there have been?

Thankfully things have moved on so that the Succession Act has been amended. However, I always think people wouldn't get so angry about it if they accepted the reasons for its introduction, and understood what the reformation was about.

Likewise, it there would be a lot less aggro if people learned what King William's motives were and who his allies actually were.

Seems to me the reason for all this arguing is ever so slightly off target.

[Hibernia&Alba]

Hate to tell you thus, but it happens to Protestants too. Its bollocks whatever side comes out with it. Maybe step one is both sides accepting they gave a problem.

Of course there are idiotic bigots of all persuasions, and I've known Catholic bigots, but in Scotland anti-Catholic bigotry is far more prevalent, due to the composition of society. Whenever you get a minority you get a scapegoat, and I'm confident there is no Catholic in Scotland who hasn't been subjected to sectarian abuse at least once. We've all heard the chat about taigs/Fenians/left footers/green grapes/papists etc. I've experienced it and been judged accordingly; even your name can still cause raised eyebrows, let alone the school you attended. This nonsense persists in Scotland; we hear it regularly at football matches.

[Cataplana]

Of course there are idiotic bigots of all persuasions, and I've known Catholic bigots, but in Scotland anti-Catholic bigotry is far more prevalent, due to the composition of society. Whenever you get a minority you get a scapegoat, and I'm confident there is no Catholic in Scotland who hasn't been subjected to sectarian abuse at least once. We've all heard the chat about taigs/Fenians/left footers/green grapes/papists etc. I've experienced it and been judged accordingly; even your name can still cause raised eyebrows, let alone the school you attended. This nonsense persists in Scotland; we hear it regularly at football matches.

That is disgraceful. I have to say I worry about how other people relate to me that the Catholics I know don't complain about it in such desperate terms.

Maybe time for me to bite the bullet, and tell them to be more honest. As someone who has always tried to develop mutual understanding, I'm concerned I'm naive about how bad things actually are.

Put it this way, I would walk out of a wedding like the one shown, but I'd like to think I knew enough about the people not to go in the first place.

[Hibernia&Alba]

Hate to tell you thus, but it happens to Protestants too. Its bollocks whatever side comes out with it. Maybe step one is both sides accepting they gave a problem.



Not after a fight here, but can you tell me how many Protestant popes there have been?

Thankfully things have moved on so that the Succession Act has been amended. However, I always think people wouldn't get so angry about it if they accepted the reasons for its introduction, and understood what the reformation was about.

Likewise, it there would be a lot less aggro if people learned what King William's motives were and who his allies actually were.

Seems to me the reason for all this arguing is ever so slightly off target.

Erm none, as the head of a religion is usually required to be of that religion. That's very different from the head of a state which contains people of all religions and those of no religion. A religion is by definition a religious organisation; a state should be secular and keep out of religion, in my humble opinion.

[Cataplana]

Erm none, as the head of a religion is usually required to be of that religion. That's very different from the head of a state which contains people of all religions and those of no religion. A religion is by definition a religious organisation; a state should be secular and keep out of religion, in my humble opinion.

Secukarism is a relatively new concept, and one I am happy to embrace. I think you really need to understand what went on during the Reformation to understand why Catholic monarchs are banned to appreciate my point.

Anyway, these discussions always end in years, so I'm out.

I'm just glad the OP showed that horrendous wedding. I was due to go to one involving a family from Shotts next year. It was a timely reminder of why I pulled out.

[Moulin Yarns]

AT LAST!!!!


No, we huvnae won the cup again :wink:

But the SFA have grown a pair :greengrin

https://www.bbc.co.uk/sport/football/50016954

[Hibernia&Alba]

Secukarism is a relatively new concept, and one I am happy to embrace. I think you really need to understand what went on during the Reformation to understand why Catholic monarchs are banned to appreciate my point.

Anyway, these discussions always end in years, so I'm out.

I'm just glad the OP showed that horrendous wedding. I was due to go to one involving a family from Shotts next year. It was a timely reminder of why I pulled out.

I do understand, having read on the subject. However, it's a side issue to me. I would abolish monarchies and hereditary superiority of all kinds, religious or not. It's a medieval nonsense which perpetuates the class system.

[Moulin Yarns]

I do understand, having read on the subject. However, it's a side issue to me. I would abolish monarchies and hereditary superiority of all kinds, religious or not. It's a medieval nonsense which perpetuates the class system.

Don't expect a response, he is out for years :wink:


these discussions always end in years, so I'm out.

[Cataplana]

I do understand, having read on the subject. However, it's a side issue to me. I would abolish monarchies and hereditary superiority of all kinds, religious or not. It's a medieval nonsense which perpetuates the class system.

I can't disagree with that. It's divide and rule at its worst.

[ancient hibee]

We live in a country where Catholics can’t become prime minister so it is no surprise.


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Quite incorrect.

[Keith_M]

I do understand, having read on the subject. However, it's a side issue to me. I would abolish monarchies and hereditary superiority of all kinds, religious or not. It's a medieval nonsense which perpetuates the class system.



I think a lot of us would agree with you on that.

:aok:

[Hibernia&Alba]

I think a lot of us would agree with you on that.

:aok:

It's a socialist analysis, which we aren't supposed to mention in our money obsessed society. Accident of birth shouldn't be a factor, yet we live in a country where one quarter of our prime ministers attended the same school.

[The Harp Awakes]

https://www.bbc.co.uk/sport/football/50016954

The SFA will presently be trying to find an excuse why they shouldn't kick The Lying King out of Scottish football for not being a FPP.

Should be a hoot when the SFA publish the reasoning for their not guilty verdict.

Think for one minute he was the Chairman of Albion Rovers. He'd be banned for life.

[Fuzzywuzzy]

I do understand, having read on the subject. However, it's a side issue to me. I would abolish monarchies and hereditary superiority of all kinds, religious or not. It's a medieval nonsense which perpetuates the class system.

Oh, king eh? Very nice. And how'd you get that, eh? By exploiting the workers. By hanging on to outdated imperialist dogma which perpetuates the economic and social differences in our society. If there's ever gonna be any progress...

[weecounty hibby]

I really love it when this thread appears at the top of page one! Hopefully this is another boot in the studs for Der Hun. I don't know what it means in real terms but hopefully very bad news for them and costly as well

[HoboHarry]

https://www.bbc.co.uk/sport/football/50016954

The SFA will presently be trying to find an excuse why they shouldn't kick The Lying King out of Scottish football for not being a FPP.

Should be a hoot when the SFA publish the reasoning for their not guilty verdict.

Think for one minute he was the Chairman of Albion Rovers. He'd be banned for life.
Sevco need to be shot of him before it gets to that, they are a toxic brand with King at the helm.....

[Smartie]

Sevco need to be shot of him before it gets to that, they are a toxic brand with King at the helm.....

Given the courts kicked Sevco and Sports Direct out in the hope that they reach an agreement amongst themselves with a promise to reconvene in January, does this not very much hand the initiative to Mike Ashley?

He can pretty much say as much scathing stuff as he likes about Sevco and Dave King as their credibility is in the mud.

Can he not make pretty much any request now and say that the "cold-shouldered Dave King" has consistently acted inappropriately, as you would expect from such an individual, therefore the court ought to grant SD x,y,z..............

[PatHead]

Quite incorrect.

Sorry to disagree on this but whilst there has not been a law against a catholic prime minister since 1827, there has never been a catholic prime minister. Actions speak louder than words in this case.

[SJNB Hibby]

It's a socialist analysis, which we aren't supposed to mention in our money obsessed society. Accident of birth shouldn't be a factor, yet we live in a country where one quarter of our prime ministers attended the same school.

Watching Stuart Wheeler on BBC justifying his influence on the Tories and Brexit based on his success as a gambler...if you didnt know he wasnt an Earl/Lord/Duke, you'd have no idea he wasnt born into wealth and privilege:rolleyes:

[Deansy]

Watching Stuart Wheeler on BBC justifying his influence on the Tories and Brexit based on his success as a gambler...if you didnt know he wasnt an Earl/Lord/Duke, you'd have no idea he wasnt born into wealth and privilege:rolleyes:

Just watched him on 'HARDtalk' where he denies being brought up in a 'relatively wealthy family' - it must've been sheer hell for him at Eton then !

[JeMeSouviens]

Oh, king eh? Very nice. And how'd you get that, eh? By exploiting the workers. By hanging on to outdated imperialist dogma which perpetuates the economic and social differences in our society. If there's ever gonna be any progress...

:greengrin

Come and see the violence inherent in the system!

[Ozyhibby]

Sorry to disagree on this but whilst there has not been a law against a catholic prime minister since 1827, there has never been a catholic prime minister. Actions speak louder than words in this case.

Especially when you see Tony Blair have to wait until he left office to become a Catholic.
https://www.theguardian.com/politics/2007/jun/22/uk.religion1
Its bigotry pure and simple and it’s comes from the very top of UK society.


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[Cheshire Hibee]

How can they continue to keep going lost £11.3 million to the year end 30th. June


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[Ozyhibby]

How can they continue to keep going lost £11.3 million to the year end 30th. June


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And a wage bill of £35m now which is similar to Celtics explains why it’s getting closer at the top.
https://www.bbc.co.uk/sport/amp/football/50270159?__twitter_impression=true


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[Billy Whizz]

And a wage bill of £35m now which is similar to Celtics explains why it’s getting closer at the top.
https://www.bbc.co.uk/sport/amp/football/50270159?__twitter_impression=true


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The financial year under review was again a positive one," said chairman Dave King.

They lost £11.3m

[HoboHarry]

What is their total debt now? Anyone know?

[Billy Whizz]

What is their total debt now? Anyone know?

No idea, but Stevie G’s demands have brought them some European success, but it’s also a big noose round their neck if it doesn’t continue

[brianmc]

What is their total debt now? Anyone know?

No idea. But today's figures apparently are an improvement of £3 million on last year's losses...
They also don't include this season's spending, £7½ million on Ryan Kent for example.
So I reckon they must be close to £30 million in the red by now...?

[HFC 0-7]

And they need another £10m for the rest of the season???

[Billy Whizz]

And they need another £10m for the rest of the season???

Morelos

[Tyler Durden]

It’s not unrealistic that they could be playing Champions League football next season. They only really need to make the group stages to recoup 2-3 years of losses.

[HFC 0-7]

It’s not unrealistic that they could be playing Champions League football next season. They only really need to make the group stages to recoup 2-3 years of losses.

They won’t recoup anything, they will continue spending more than their income until they are beating and winning the league.

[Speedway]

Where do FFP rules come into this, if at all?

[Tyler Durden]

They won’t recoup anything, they will continue spending more than their income until they are beating and winning the league.

They’d have already won the league. Plenty teams have spent more than their income.....to grow their income.

If they can’t win the league then they’re in trouble

[DaveSo]

Car crash figures.
Released on a Friday night yet again to avoid any serous questions from media or fans with half a brain.
They have gone "all in" this season to win the league.
Failure and they are finished - again.

[Billy Whizz]

Seemingly lost their last 6 games at Hampden, surely won’t be 7

[Ozyhibby]

Where do FFP rules come into this, if at all?

They don’t. Scotland doesn’t have any and UEFA are toothless.


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[Fuzzywuzzy]

The article says debt was soft loans which was converted to shares so does that mean their current debt is what they have announced? Have I over simplified that?

[Bostonhibby]

The article says debt was soft loans which was converted to shares so does that mean their current debt is what they have announced? Have I over simplified that?Debt for equity is fine, the now defunct Glasgow rangers did it for a while and the masters of it were the pre administration Heart of Midlothian. Unless the SPFL intervene it's all good.

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[Rumble de Thump]

Any team in Scotland could potentially qualify for the Champions League if they spent tens of millions of pounds they don't have. The authorities won't do anything because they didn't want Rangers to die in the first place. They and the media have done whatever they could to ensure Sevco got into the top 2 in Scotland and pretend they are Rangers. Like nothing ever happened.

[Cheshire Hibee]

https://www.skysports.com/share/11851508

£5 million loan repayable in October 2021


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[jacomo]

https://www.skysports.com/share/11851508

£5 million loan repayable in October 2021


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Kin ell. How long can this continue?

Might be a new club but it’s still a basket case. Against my expectations, Gerrard has done really well. Without European competition they’d be even more ****ed.

[Jack Hackett]

Kin ell. How long can this continue?

Might be a new club but it’s still a basket case. Against my expectations, Gerrard has done really well. Without European competition they’d be even more ****ed.

While there's a good chance of Scotland getting a 2nd CL spot in 21/22, the SFA will continue to look the other way.

[FilipinoHibs]

Debt for equity is fine, the now defunct Glasgow rangers did it for a while and the masters of it were the pre administration Heart of Midlothian. Unless the SPFL intervene it's all good.

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The creditors of the loans are screwed. You can't shift that value of shares on an unlisted share market. There are no buyers for these shares as the business essentially insolvent. They will never get their loans back and they are essentially written off. Vlad did this with UBIG loans to Hearts with Ukio Bankas making the loans to UBIG. Rangers business model is not sustainable unless fans come up with £10 million to the end of the season to try and stop 10 in a row. Then they have another season to stump up £25 million to see it out. Unless they sell players in January they have had it.

[Bostonhibby]

The creditors of the loans are screwed. You can shift that value of shares on an unlisted share market. There are no buyers for these shares as the business essentially insolvent. They will never get their loans back and they are essentially written off. Vlad did this with UBIG loans to Hearts with Ukio Bankas making the loans to UBIG. Rangers business model is not sustainable unless fans come up with £10 million to the end of the season to try and stop 10 in a row. Then they have another season to stump up £25 million to see it out. Unless they sell players in January they have had it.[emoji106] Fair cheered me up that has.

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[ballengeich]

The creditors of the loans are screwed. You can shift that value of shares on an unlisted share market. There are no buyers for these shares as the business essentially insolvent. They will never get their loans back and they are essentially written off. Vlad did this with UBIG loans to Hearts with Ukio Bankas making the loans to UBIG. Rangers business model is not sustainable unless fans come up with £10 million to the end of the season to try and stop 10 in a row. Then they have another season to stump up £25 million to see it out. Unless they sell players in January they have had it.

They have wealthy supporters who are continuing to subsidise their losses by taking shares, fully aware that these are worthless. The plan has been to lose a few million each year until European income plus transfer profits put them on a roughly equal financial and playing footing with Celtic. That can be expected to continue and they have some players who're sellable so I don't see the company collapsing unless further additional expenses arise (step up Mike Ashley).

How do you calculate a figure of £25m for next season? I'd expect the next loss to be fairly similar to this if on-field performance is similar.

[cabbageandribs1875]

meanwhile their utter low-life s cummy fans are never far away from the headlines

https://stv.tv/news/west-central/1442032-tommy-burns-son-hits-out-after-chant-on-supporters-bus/?fbclid=IwAR3QwpwoK7stYx5W9XTGSoJd8uEg2yonPQwqX0x_ IGYD2VG1LSO25NenyzA


Tommy Burns' son has hit out after a video showing fans on a Rangers supporters' bus singing an offensive song about the Celtic legend and Scott Brown's late sister surfaced online.
In the video, appearing to be filmed on a supporters' bus following Rangers' trip to Ross County on Wednesday, the former Celtic player is targeted alongside Fiona Brown, who died aged 22 in 2008 after a battle with cancer.


they arra peeple,eh

[Keith_M]

The Rangers make massive loss > The Rangers exchange soft loans for shares > Claims of needing another x-million pounds to see the season out > . Fans of other clubs get their hopes up that they'll finally disappear for good > They reappear next season... just as ugly.


...and repeat ad-infinitum.

[CMurdoch]

European football gate and prize money is the key to holding the gamble together.
This season and last have been a success for them.
They will need similar European success next season to keep the plates spinning.
There is no turning back for them now, they are well out to sea.

[Ozyhibby]

European football gate and prize money is the key to holding the gamble together.
This season and last have been a success for them.
They will need similar European success next season to keep the plates spinning.
There is no turning back for them now, they are well out to sea.

It really needs Champions league revenue to keep it all going. Even with Europa league they are losing more than £10m per annum.
I’m amazed they seem to have people willing to throw money away to the tune of £10m a year so far but I would think that there can’t be many such people out there and they must surely run out soon.


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[PatHead]

What happened to Dave King's fit and proper investigation?

[FilipinoHibs]

The Rangers make massive loss > The Rangers exchange soft loans for shares > Claims of needing another x-million pounds to see the season out > . Fans of other clubs get their hopes up that they'll finally disappear for good > They reappear next season... just as ugly.


...and repeat ad-infinitum.

Not sustainable. All a gamble to stop 10 in a row. They need to cough up another 10 million till the end of the season. If they don't stop 10 in a row they will have to double up for next season. Then they will pull the rug win or bust.

[Ronniekirk]

Not sustainable. All a gamble to stop 10 in a row. They need to cough up another 10 million till the end of the season. If they don't stop 10 in a row they will have to double up for next season. Then they will pull the rug win or bust.

They are clearly relying on progressing to the group stages of the European Competition they are in which Gerrard is managing with ease They are now going to be second in the league every year and progressing to domestic Cup Finals-given how poor the rest of us are
That all leads to increased revenue and prop ably increased Sponsorship deals
They will sustain that till Scotland gets second Champions League place and that’s the extra revenue they really crave
Loses Gerard at the end of the Season and make a poor appointment that doesn’t get them to group stages of Europe and Domestic Finals is best we can hope for
But Aberdeen are already feeling Financial loss of finishing second for all those years so don’t see anyone beating them into second place Like it or not we are back to Old Firm Dominance
Just don’t see your scenario unfolding


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[Ozyhibby]

They are clearly relying on progressing to the group stages of the European Competition they are in which Gerrard is managing with ease They are now going to be second in the league every year and progressing to domestic Cup Finals-given how poor the rest of us are
That all leads to increased revenue and prop ably increased Sponsorship deals
They will sustain that till Scotland gets second Champions League place and that’s the extra revenue they really crave
Loses Gerard at the end of the Season and make a poor appointment that doesn’t get them to group stages of Europe and Domestic Finals is best we can hope for
But Aberdeen are already feeling Financial loss of finishing second for all those years so don’t see anyone beating them into second place Like it or not we are back to Old Firm Dominance
Just don’t see your scenario unfolding


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They are already spending more money than Europa cup can get them. They need Champions league. Also need to remember they are not in full control of their commercial income. Mike Ashley controls their merchandising.


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[Sioux]

They are already spending more money than Europa cup can get them. They need Champions league. Also need to remember they are not in full control of their commercial income. Mike Ashley controls their merchandising.


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And we still get advisers on here who suggest that Hibs should speculate to accumulate. Is that not what Rangers are doing?

[Onion]

Every single borrowed pound is for one purpose. When Celtic win 10IAR, Sevco will provide the pyrotechnics.

[Hibs4185]

What FFP in Europe? I know Scotland has nothing of the sort unfortunately but will UEFA not look at their overspending?

[FilipinoHibs]

They have wealthy supporters who are continuing to subsidise their losses by taking shares, fully aware that these are worthless. The plan has been to lose a few million each year until European income plus transfer profits put them on a roughly equal financial and playing footing with Celtic. That can be expected to continue and they have some players who're sellable so I don't see the company collapsing unless further additional expenses arise (step up Mike Ashley).

How do you calculate a figure of £25m for next season? I'd expect the next loss to be fairly similar to this if on-field performance is similar.

They are £15 million down per year but need £10 to survive till end of May. Looks like an explosion in wages.

[FilipinoHibs]

They are clearly relying on progressing to the group stages of the European Competition they are in which Gerrard is managing with ease They are now going to be second in the league every year and progressing to domestic Cup Finals-given how poor the rest of us are
That all leads to increased revenue and prop ably increased Sponsorship deals
They will sustain that till Scotland gets second Champions League place and that’s the extra revenue they really crave
Loses Gerard at the end of the Season and make a poor appointment that doesn’t get them to group stages of Europe and Domestic Finals is best we can hope for
But Aberdeen are already feeling Financial loss of finishing second for all those years so don’t see anyone beating them into second place Like it or not we are back to Old Firm Dominance
Just don’t see your scenario unfolding


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Basically the major shareholders are having to put up £15m to £25m a season just to keep this show on the road. This is not sustainable for these shareholders/fans unless some of the are multi billionaires which I don't believe any of them are. Their goal is stop Celtic getting ten in a row when they will rollback and start the player sales. They know Gerrard will move on once achieved or there is failure. Europe is a lottery to get to group stages and a bit like gambling on independence on the price of a barrel of oil. It is not a stable or certain way to forecast income.

[CMurdoch]

Looking at their squad, the wage bill won't be going down next season.
They should have sold Tavernier in the summer. He has made lots of high profile European gafs since then so interest in him and his value will have dropped dramatically.

They will save circa £2 million a season if they get shot of 37 year old Jermaine Defoe, however, they need a new quality striker to support Morelos. The quality of striker they will want won't be cheap and that player will want a similar wage to Rangers current contribution to Defoe's Bournemouth wage, so no saving there plus a transfer fee required.

As I said they are far out to sea with this gamble and can't turn back.
The backers will keep the money fire stoked for another 18 months at least.

[Smartie]

If they have people who are prepared to cover the losses, is it a problem?

Is it really any different to the way other rich owners have backed clubs in the past?

:tin hat:

[HoboHarry]

If they have people who are prepared to cover the losses, is it a problem?

Is it really any different to the way other rich owners have backed clubs in the past?

:tin hat:
From what I've read thus far the people covering the losses are certainly wealthy but not in the bracket where the pockets have no bottom and the Parks for example are alleged to have said that their personal losses are unsustainable. The Ryan Kent fee along with the forthcoming damages to be paid to Ashley may well be a bridge too far for the current loan providers....

[Ronniekirk]

Basically the major shareholders are having to put up £15m to £25m a season just to keep this show on the road. This is not sustainable for these shareholders/fans unless some of the are multi billionaires which I don't believe any of them are. Their goal is stop Celtic getting ten in a row when they will rollback and start the player sales. They know Gerrard will move on once achieved or there is failure. Europe is a lottery to get to group stages and a bit like gambling on independence on the price of a barrel of oil. It is not a stable or certain way to forecast income.

Gerrard has navigated Getting them to the group stages so far hence I said if he leaves next appointment needs to dot he same or that would be a problem
George Latham one of the Three Bears is still putting money in is my understanding as are others So I still don’t see them changing tack in the next few years
What happens after that I have no idea but was of the view King would maybe look to get out and pave the way for New Investment and Owners


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[HoboHarry]

Gerrard has navigated Getting them to the group stages so far hence I said if he leaves next appointment needs to dot he same or that would be a problem
George Latham one of the Three Bears is still putting money in is my understanding as are others So I still don’t see them changing tack in the next few years
What happens after that I have no idea but was of the view King would maybe look to get out and pave the way for New Investment and Owners


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King isn't going to walk away from the money he is in for and the concept that someone will buy the vast amount of shares he owns at 20p per share is nuts. The club is a financial basket case...

[Ronniekirk]

They are already spending more money than Europa cup can get them. They need Champions league. Also need to remember they are not in full control of their commercial income. Mike Ashley controls their merchandising.


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Ah keep forgetting the Merchandise side of things


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[Ozyhibby]

https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/amp/?__twitter_impression=true


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[wookie70]

https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/amp/?__twitter_impression=true


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We call it bad new Friday at work

[FilipinoHibs]

https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/amp/?__twitter_impression=true


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Yup pretty spot. Even Sevco they are flying close to the edge. Good to watch this one unfold. When will King and all pull the rug.

[JimBHibees]

https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/amp/?__twitter_impression=true


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Interesting read.

[Ronniekirk]

Gerrard adamant today on radio Morellos will not be sold in January so be interesting to see if Board back him on this if significantly bid comes in
I think they will ,as it’s part of thier strategy to try and win the League and a Cup this Season
So what they spent in the January window will be more telling
They may off load some fringe players ,but don’t see them selling any prize asset ,unless silly money offered that allows them to get in someone else who is prolific scorer ,and bank money at same time .


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[Biggie]

The creditors of the loans are screwed. You can't shift that value of shares on an unlisted share market. There are no buyers for these shares as the business essentially insolvent. They will never get their loans back and they are essentially written off. Vlad did this with UBIG loans to Hearts with Ukio Bankas making the loans to UBIG. Rangers business model is not sustainable unless fans come up with £10 million to the end of the season to try and stop 10 in a row. Then they have another season to stump up £25 million to see it out. Unless they sell players in January they have had it.

keep talking !....where's the daffy gif ?

[Deansy]

https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/amp/?__twitter_impression=true


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'The simple reality of the matter, however, is that the funding gap to Celtic is essentially insurmountable within the time required to stop the ten unless someone is willing to consciously and deliberately lose tens of millions of pounds to do so. Dave King, the major benefactor of Rangers, is currently losing upwards of £10 million a year to watch Celtic win every trophy, and no matter how big a fan of the club he claims to be, that is completely unsustainable. Now, he must find another £10 million to keep the club solvent until the end of the season'


Where's ma jumbo-box of Kleenex ??

[ancient hibee]

A good report although I think the author misses one important point.For Rangers it’s not so much about Rangers winning the league but about Celtic not winning it.

[Ozyhibby]

https://twitter.com/lauralambert8/status/1191665267258089472?s=21

https://uploads.tapatalk-cdn.com/20191105/e0fa68f29a3f99b4960a5d48e359ea5e.png
This is how FFP should work but apparently it never could in Scotland.


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[660]

Hmm https://twitter.com/magnusllewellin/status/1194728372020101122

[Ozyhibby]

Hmm https://twitter.com/magnusllewellin/status/1194728372020101122

[emoji23]


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[jacomo]

https://www.forbes.com/sites/mikemeehallwood/2019/11/03/steven-gerrards-rangers-announce-11m-lossin-a-manner-designed-to-hide-them-from-the-media/amp/?__twitter_impression=true


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This sets out the Rangers predicament perfectly. Thanks for posting.

Buying Ryan Kent was an act of reckless stupidity. They simply have to sell players or they are headed for another £10m loss this season. How long can the madness continue?

[Ozyhibby]

https://uploads.tapatalk-cdn.com/20191113/370d723f30f0cc45b2be2a268c797ef5.jpg
https://uploads.tapatalk-cdn.com/20191113/899f05af8e4509f8a7485a1c64909b1a.jpg


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[Callum_62]

. https://uploads.tapatalk-cdn.com/20191113/58b81735401f9b2c5081088f84c15296.jpg

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[matty_f]

Can't help but think that if they hadn't cheated in the first place then HMRC wouldn't have had to calculate anything.

Only got themselves to blame for dying.

[jacomo]

Well here we go.

Ra Peepl will now proclaim the whole thing a great Papist conspiracy. Never mind that the tax case was just one of many problems faced by Oldco and that Lloyds Bank has already pushed Murray aside in a desperate effort to protect their money by the time this had happened.

Even at £20m (the amount that it is now reported that HMRC should have been owed) they were sunk.

[Cataplana]

This sets out the Rangers predicament perfectly. Thanks for posting.

Buying Ryan Kent was an act of reckless stupidity. They simply have to sell players or they are headed for another £10m loss this season. How long can the madness continue?

rangers fan media, in response to their poor accounts, has played heavily on the line of “if Celtic hadn’t sold XYZ, they’d be losing £10 million too,” without countenancing that selling players is an essential part of the business plan

And, if Celtic don't score more goals than their opponents they'd be losing games.

[JeMeSouviens]

Explainer:

https://rangerstaxcase.wordpress.com/2019/11/14/just-when-i-thought-i-was-out-they-pull-me-back-in/



To the real story: why now?

BDO have been discussing the debate with HMRC on the two points of contention for over a year. It has been over five months since BDO revealed that HMRC had capitulated and couldn’t be bothered chasing these issues any longer. So why would the Ibrox PR machine suddenly fire up this story now?

It all looks like a well-planned, well-executed distortion of the truth. This far after the events it seems unlikely that the Sevco PR machine would waste such capital without a compelling reason. With going-concern warnings, cash requirements gaps for the coming year, a lawsuit lost over retail, and one more in the works for an Ibrox Disaster memorial plan abandoned, plus massive dilution of supporters’ share investments- there are a lot of issues that could be about to erupt for the seven year old club.

Whatever is going on, the “taxman killed my club by mistake” narrative has to be a distraction from something. Time will tell us what it is exactly, but with so many loyal and true bluenoses working in the press, this could simply be an in-house hack trying to clear the name of his now departed club.

[ballengeich]

I'm disappointed by the way The Times has presented this in its headline. There's an implication that Rangers really only owed them £20 million. If you look at the detail you'll see that HMRC have reduced their claim from £93m to £68m as a result of dropping a claim for penalty charges. The £68m includes a claim for £36m on EBTs, but there's a possibility that this could drop to £20m depending on further legal debate. Rangers fans are reading it as £20m being the total eventual liability rather just the minimum amount due for that part of the total sum.

On top of the base EBT liability there's interest for late payment and the small tax case.

One of the myths Rangers fans have is that their debt to the bank was under control when they went under. This is based on the debt having reduced by £1m in each of the two previous seasons. What they don't bring into consideration is that in both these seasons they had champions' league income. When they didn't even qualify for the UEFA group stage in autumn 2011 they were looking at an 8 figure loss on the season with cash running out before the next transfer window. Craig Whyte's reaction was to stop forwarding PAYE and VAT in order to keep the business running. There's £15m due for that.

Whyte once said that his biggest regret was not going for administration as soon as they were eliminated from Europe. I always suspected that he kept the club going as long as it lasted by telling HMRC he'd pay the PAYE and VAT by sales in the January 2012 window. When he only managed to shift Jelavic HMRC had to take action and that's why they stepped in during February.

The wrath being expressed by Rangers fans is based on a failure to take a proper look at facts.

[JeMeSouviens]

I'm disappointed by the way The Times has presented this in its headline. There's an implication that Rangers really only owed them £20 million. If you look at the detail you'll see that HMRC have reduced their claim from £93m to £68m as a result of dropping a claim for penalty charges. The £68m includes a claim for £36m on EBTs, but there's a possibility that this could drop to £20m depending on further legal debate. Rangers fans are reading it as £20m being the total eventual liability rather just the minimum amount due for that part of the total sum.

On top of the base EBT liability there's interest for late payment and the small tax case.

One of the myths Rangers fans have is that their debt to the bank was under control when they went under. This is based on the debt having reduced by £1m in each of the two previous seasons. What they don't bring into consideration is that in both these seasons they had champions' league income. When they didn't even qualify for the UEFA group stage in autumn 2011 they were looking at an 8 figure loss on the season with cash running out before the next transfer window. Craig Whyte's reaction was to stop forwarding PAYE and VAT in order to keep the business running. There's £15m due for that.

Whyte once said that his biggest regret was not going for administration as soon as they were eliminated from Europe. I always suspected that he kept the club going as long as it lasted by telling HMRC he'd pay the PAYE and VAT by sales in the January 2012 window. When he only managed to shift Jelavic HMRC had to take action and that's why they stepped in during February.

The wrath being expressed by Rangers fans is based on a failure to take a proper look at facts.


The idea that the Murray Group wouldn't have been able to challenge the assessments along these lines at the time is frankly laughable. What happened, "Sir" Dodgy Dave forgot to buy new batteries for his calculator? :rolleyes:

[Alan62]

Arguably, the biggest trend in the 'information age' is the selective use of information to suit whatever agenda is being peddled. Scottish football will never be reported with a balanced perspective that weighs up all the evidence available because that approach simply doesn't sell papers or put eyes on screens. Add to that the sheer complexity of any financial criminality and you have the perfect storm for whipping up hysteria amongst the Rangers' faithful.

What it does show, however, is the painfully slow progress of the legal system - and how long we'll have to wait to see Rangers 2.0 finally bite the dust. At least there's a precedent now, though, for dropping them down to the fourth tier and a shadowy four-way agreement that can be dusted off to ensure that they don't properly die.

[Moulin Yarns]

I think that we need to view the weegiecentric media as churnalists. They churn out what they are told.

[PatHead]

Arguably, the biggest trend in the 'information age' is the selective use of information to suit whatever agenda is being peddled. Scottish football will never be reported with a balanced perspective that weighs up all the evidence available because that approach simply doesn't sell papers or put eyes on screens. Add to that the sheer complexity of any financial criminality and you have the perfect storm for whipping up hysteria amongst the Rangers' faithful.

What it does show, however, is the painfully slow progress of the legal system - and how long we'll have to wait to see Rangers 2.0 finally bite the dust. At least there's a precedent now, though, for dropping them down to the fourth tier and a shadowy four-way agreement that can be dusted off to ensure that they don't properly die.

They did not "drop down" to the 4th tier. They applied to join the league and were allowed to join in the 4th tier.

[Stonewall]

Arguably, the biggest trend in the 'information age' is the selective use of information to suit whatever agenda is being peddled. Scottish football will never be reported with a balanced perspective that weighs up all the evidence available because that approach simply doesn't sell papers or put eyes on screens. Add to that the sheer complexity of any financial criminality and you have the perfect storm for whipping up hysteria amongst the Rangers' faithful.

What it does show, however, is the painfully slow progress of the legal system - and how long we'll have to wait to see Rangers 2.0 finally bite the dust. At least there's a precedent now, though, for dropping them down to the fourth tier and a shadowy four-way agreement that can be dusted off to ensure that they don't properly die.

it was a five way agreement.

[Alan62]

They did not "drop down" to the 4th tier. They applied to join the league and were allowed to join in the 4th tier.

This is, of course, true. Lazy wording on my part. I feel like Keith Jackson.

[Alan62]

it was a five way agreement.

Again, true. I had all the resolve of a mainstream journalist and couldn't be bothered looking it up. Can I start at the Daily Record tomorrow?

[Smartie]

Again, true. I had all the resolve of a mainstream journalist and couldn't be bothered looking it up. Can I start at the Daily Record tomorrow?

One final test.

Can you spell "fenian conspiracy"?

[ScottB]

Again, true. I had all the resolve of a mainstream journalist and couldn't be bothered looking it up. Can I start at the Daily Record tomorrow?

How do you feel about lamb?

[Alan62]

One final test.

Can you spell "fenian conspiracy"?

Think it's a capital F on Fenian.

[Alan62]

How do you feel about lamb?

I'm a vegetarian. Is that me out?

[Alan62]

Watch out, Ally wants answers. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-legend-ally-mccoist-breaks-20878116?fbclid=IwAR0TzXPNUQJV-cz6yo3qFTzqR7oRGMN3tQu6d-gRZTmYuiu88CaxEeOvbro

[HoboHarry]

I'm a vegetarian. Is that me out?
Out of your head maybe


:greengrin

[Deansy]

Watch out, Ally wants answers. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-legend-ally-mccoist-breaks-20878116?fbclid=IwAR0TzXPNUQJV-cz6yo3qFTzqR7oRGMN3tQu6d-gRZTmYuiu88CaxEeOvbro


'It's a difference of about £50m' -

Amazing stuff, both the Hun and HMRC employ numerous extremely well-paid accountants and not one single one of them on either side noticed this 'mistake' - add in the scrutiny of the MSM which isn't 'Pro-Hun' (mainly the English MSM) and I'm of the opinion that this 'story/mistake' is a load of schitt !

[Pinkie]

'It's a difference of about £50m' -

Amazing stuff, both the Hun and HMRC employ extremely numerous well-paid accountants and not one single one of them on either side noticed this 'mistake' - add in the scrutiny of the MSM which isn't 'Pro-Hun' (mainly the English MSM) and I'm of the opinion that this 'story/mistake' is a load of schitt !

It is. There's a decent summary of what has happened on the Rangers Tax Case blog which, if it is to be believed (and I would take its word over the DR or McCoist any day of the week), shows that there has been no mistake. Simply that HMRC has given up pursuing a large chunk of what they think they are owed because it's a lot of hassle and the funds in the liquidated RFC aren't going to stretch that far anyway.

Still, it suits the DR to stoke the fires under the victim card (if you'll forgive the mixed metaphors) and Ally "sneaky punch from behind; people have a right to know who is trying to kill our club" McCoist is the perfect, if rather wobbly, tool with which to fan the flames.

[Tomsk]

Watch out, Ally wants answers. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-legend-ally-mccoist-breaks-20878116?fbclid=IwAR0TzXPNUQJV-cz6yo3qFTzqR7oRGMN3tQu6d-gRZTmYuiu88CaxEeOvbro

Look at the language used here:

And it's believed that the revised figure would have been easily dealt with by the old company and resulted in administration and liquidation being avoided.

That led to Rangers being out of the top flight of Scottish football for four years as they made their way back in from Division Three.

Straight out of Ibrox - 'old company' 'Rangers out of the top flight'.

[ancient hibee]

At least ordinary creditors will get another 3p in the £ towards there debt bringing the payment up to 7p.So our Germanic friends will only have done ordinary businesses out of 93% of what they are owed.

[Deansy]

I've no doubt now that the current edition of Hun will sue and win against the HMRC, then the Scottish Football governing-authorities will re-instate all the trophies/Leagues etc that the Hun were stripped of for cheating not the tax-bill .................. oh, wait a minute - that didn't happen - aw forget it - anyway, we've 'moved on' haven't we ??

[jacomo]

Look at the language used here:

And it's believed that the revised figure would have been easily dealt with by the old company and resulted in administration and liquidation being avoided.

That led to Rangers being out of the top flight of Scottish football for four years as they made their way back in from Division Three.

Straight out of Ibrox - 'old company' 'Rangers out of the top flight'.


They’re not really journalists but courtesans, as Frankie Boyle would say.

[Ozyhibby]

https://uploads.tapatalk-cdn.com/20191115/d833fa90436390aa4a9119f83babe545.jpg


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[HoboHarry]

https://uploads.tapatalk-cdn.com/20191115/d833fa90436390aa4a9119f83babe545.jpg


Sent from my iPhone using Tapatalk
Fools like McCoist and others connected with that toxic club will pay no attention to facts, but luckily for them they won't have to read it anyway as the MSM probably won't publish this info.........

[Haymaker]

https://uploads.tapatalk-cdn.com/20191115/d833fa90436390aa4a9119f83babe545.jpg


Sent from my iPhone using Tapatalk

:faf: brilliant

[HoboHarry]

:faf: brilliant
How are things up in barren wastelands of NJ mate? Snow deep enough to cover your car yet? :greengrin

[Haymaker]

How are things up in barren wastelands of NJ mate? Snow deep enough to cover your car yet? :greengrin

Nae Snow but it's ****ing cold. Had a game on Tuesday at 17 degrees!

Definitely looking at a move to the Florida office :agree:

[HoboHarry]

Nae Snow but it's ****ing cold. Had a game on Tuesday at 17 degrees!

Definitely looking at a move to the Florida office :agree:
Been chilly here this week too but it's going to be back up to 25C next week. Had to replace the shorts with jeans two days this week 😜

[Haymaker]

Been chilly here this week too but it's going to be back up to 25C next week. Had to replace the shorts with jeans two days this week 😜

Lucky you. I'm in 5 layers minimum at the mo.

Don't think we have a Texas office... I'll check.

[southsider]

Nae Snow but it's ****ing cold. Had a game on Tuesday at 17 degrees!

Definitely looking at a move to the Florida office :agree:
17 omg that cauld. I thought Edinburgh was cold at 42. Going to Spain at Xmas where it will be a balmy 68-72.

[southsider]

Nae Snow but it's ****ing cold. Had a game on Tuesday at 17 degrees!

Definitely looking at a move to the Florida office :agree:
17 omg that cauld. I thought Edinburgh was cold at 42. Going to Spain at Xmas where it will be a balmy 68-72.

[JeMeSouviens]

@BBCDouglasFenian will be getting his knuckles rapped for this headline:

https://www.bbc.co.uk/news/uk-scotland-scotland-business-50422556

:greengrin

[Haymaker]

17 omg that cauld. I thought Edinburgh was cold at 42. Going to Spain at Xmas where it will be a balmy 68-72.

Yep, had a cold snap. Bloody freezing.

[JeMeSouviens]

Jim Harra, HMRC's Chief Executive and First Permanent Secretary, has sent a letter to @thetimesscot editor following a story written yesterday.

https://pbs.twimg.com/media/EJbYkJTX0AA-jot?format=jpg&name=large

[Stonewall]

With a name like Harra I think i the more extreme members of the klan will have no problem dismissing that out of hand. It’ll just feed the Fenian conspiracy narrative.

[Bostonhibby]

Jim Harra, HMRC's Chief Executive and First Permanent Secretary, has sent a letter to @thetimesscot editor following a story written yesterday.

https://pbs.twimg.com/media/EJbYkJTX0AA-jot?format=jpg&name=largeI'm looking forward to fat sally and even fatter Jim putting together sevco's response to that.

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[jacomo]

I'm looking forward to fat sally and even fatter Jim putting together sevco's response to that.

Sent from my SM-A750FN using Tapatalk


Fat Sally’s had a cosy chat with Alan Brazil on Talksport where they agreed it’s all a conspiracy against Ra Peepl.

So all is cool yeah?

[Bostonhibby]

Fat Sally’s had a cosy chat with Alan Brazil on Talksport where they agreed it’s all a conspiracy against Ra Peepl.

So all is cool yeah?Seals it for me when you've got people with the level of knowledge of tax and company law these completely unbiased experts have saying it, conspiracy it was, bloody wonderful conspiracy too.

Hopefully they'll chip in their own money to rectify this injustice through the courts.

Sent from my SM-A750FN using Tapatalk

[FilipinoHibs]

Look at the language used here:

And it's believed that the revised figure would have been easily dealt with by the old company and resulted in administration and liquidation being avoided.

That led to Rangers being out of the top flight of Scottish football for four years as they made their way back in from Division Three.

Straight out of Ibrox - 'old company' 'Rangers out of the top flight'.

Yes £18 in debt and owing to the revised unofficial figure another £23 million to HMRC. It is standard practice by the HMRC that for highly paid employees in these schemes they have been paid a net amount and the company has saved on the tax and national insurance contributions and the lost tax is not the tax on the net payment to the trust but the tax and national insurance that has been avoided/evaded. Footballers do not fall into the category of normal employees. They are paid more than the directors of the club. HMRC got it right. This is how tax evasion schemes were treated in the City of London for highly paid non board directors.

[Cataplana]

Seals it for me when you've got people with the level of knowledge of tax and company law these completely unbiased experts have saying it, conspiracy it was, bloody wonderful conspiracy too.

Hopefully they'll chip in their own money to rectify this injustice through the courts.

Sent from my SM-A750FN using Tapatalk

Oh come on. Coisty hardly took a penny out of them when they were in a tight spot. Practically managed the club for free.

[Eyrie]

Oh come on. Coisty hardly took a penny out of them when they were in a tight spot. Practically managed the club for free.

Had to scrape by on £13.5k*. That's the sort of humble self sacrifice for a noble cause we should all be aspiring to.





*Per week of course. McCoist wouldn't be greedy enough to want that per annum.

[Bostonhibby]

Oh come on. Coisty hardly took a penny out of them when they were in a tight spot. Practically managed the club for free.Yep, if I was them I'd get him and Bomber Brown to lead the legal team when they sue their majesties revenue and customs.

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[Tomsk]

Had to scrape by on £13.5k*. That's the sort of humble self sacrifice for a noble cause we should all be aspiring to.





*Per week of course. McCoist wouldn't be greedy enough to want that per annum.

You can't deny they got their money's worth.

:greengrin

[Moulin Yarns]

It's almost as if they cannae help themselves!!!!


https://www.bbc.co.uk/sport/football/50896434

[Keith_M]

It's almost as if they cannae help themselves!!!!


https://www.bbc.co.uk/sport/football/50896434


I'm sure the name was chosen in all innocence, by people unaware of the malicious and untrue claims of sectarianism against The Rangers.

[JeMeSouviens]

Craig Whyte's autobiography is about to be published. Should throw up a few gems. :wink:

https://www.heraldscotland.com/news/18217690.15-incredible-quotes-craig-whytes-new-rangers-book/



Craig Whyte, the former Rangers owner, publishes his autobiography, Into the Bear Pit, a week today on the eighth anniversary of the Ibrox club being put into administration.
The book, published by Birlinn, is packed with astonishing revelations about his time in charge of the Glasgow club and is sure to shake Scottish football to its foundations.
Here are some of the most incredible quotes:
On being disqualified as a director in the United Kingdom for seven years
"I didn't see the judgement as a big deal. Banning problem directors doesn't curb their activities. Anyone with half a brain can get around it and it means the authorities can't monitor them."
On moving to tax haven Costa Rica
"My view on tax is that transactions between people should be voluntary, and that goes for the government as well. Tax havens are completely moral as they stop governments from stealing your money. Governments are basically shakedown operations, like the mafia, but with better manners. They are parasites with no morals whatsoever."
On the likelihood of Rangers going into administration after his takeover
"Administration seemed almost inevitable. We looked at the possibility of of putting the club into administration pre-acquisition, or at the time of the takeover. But the outcome of the EBT tax case was within the first month of the takeover. If we put the club into administration and then found we'd won the case that wouldn't look great."
On the Rangers directors
"I thought the board were a bunch of pompous buffoons and meeting them served no purpose. I decided they were all going to have to go sooner rather than later."
On Rangers manager Ally McCoist
"Ally McCoist was untested as a manager, but I had no choice but to keep him as it would have cost the club £1 million to break his contract. My hands had been tied by the old board."
On Rangers losing to Malmo in a Champions League qualifier in 2011
"It was probably the moment when the inexperience of our young manager was most exposed. Had Walter Smith still been in charge and been able to guide us into the Champions League I firmly believe I would still be the owner of Rangers today."
On the Rangers players
"In the main footballers struck me as mercenaries. They were there for the money, not because they loved the club. They got in at 10.30am, had a run around the pitch, got their free breakfast, their free lunch and then they disappeared. What a life. I used to hear all sorts of things about the players. The club doctor told me a player had picked up a sexually transmitted disease and his performances had seemed to dip as a result."
On failing to broker a deal with HMRC over the "big tax case"
"From the moment I took over I was confident that we'd either win the case or be able to do a deal with HMRC. At the time of the takeover I didn’t believe there was a single problem facing the club that was insurmountable. In my experience, when it came to dealing with HMRC, there was always a deal to be done. They always wanted to get paid. It didn't make sense to me."
On the SFA, who fined him £200,000 and banned him from being involved in football for life
"They struck me as being completely clueless. They were complete clowns. They had a lot to say about me at the time, but did they say anything about the EBT case? A club effectively cheated the game for years and no sanctions were taken against any of the individuals responsible."
On selling Rangers' shares in Arsenal
"The media said I'd sold shares the club held in Arsenal and kept the proceeds - that was completely untrue."
On being frozen out after Rangers went into administration
"I thought I was in control of the situation. I genuinely believed we could emerge a debt-free club, that I'd still be at the helm and we could move on. The moment I thought I was in command was precisely the time it all fell apart. Duff and Phelps (the administrators) were acting with HMRC. Suddenly I was an outcast. Duff and Phelps were in charge and they swiftly instructed everybody not to deal with me."
On receiving death threats
"I was the subject of several death threats, mostly online, people saying they'd happily take a life sentence to do me in. Another threatened to fire bomb the castle."
On Rangers' use of EBTs
"Rangers cheated for years under David Murray. There should be a level playing field in sport and Rangers did not adhere to that by using the EBT scheme to sign players they otherwise would not have been able to bring to the club. That was unfair on the other teams."
On his involvement with Rangers
"I've never known a deal like it. It seemed that everyone I came into contact with tried to shaft me. Many of them succeeded."

[Alan62]

It's a pity that the source is a complete charlatan otherwise the 'Rangers cheated for years under David Murray' statement could have had ramifications for the 'clowns' who run the SFA.

[jacomo]

Craig Whyte sounds like yet another self-pitying narcissist. Unfortunately our society encourages and rewards these people.

Interesting that he criticises Murray for using EBTs but also defends tax havens and attacks the basic principle of paying tax. He’s a scam artist.

[Gloucester Hibs]

Craig Whyte sounds like yet another self-pitying narcissist. Unfortunately our society encourages and rewards these people.

Interesting that he criticises Murray for using EBTs but also defends tax havens and attacks the basic principle of paying tax. He’s a scam artist.

Oi! That's the financial whizzkid with wealth off the radar you're talking about!

[Bostonhibby]

It was just another asset strip but an asset strip too far as there wasn't enough and he couldn't get at what there was.

Not much of a book there but if he was wrong about about Murray and the EBT's doubtless litigation and statements will follow.

Sent from my SM-A750FN using Tapatalk

[JeMeSouviens]

It was just another asset strip but an asset strip too far as there wasn't enough and he couldn't get at what there was.

Not much of a book there but if he was wrong about about Murray and the EBT's doubtless litigation and statements will follow.

Sent from my SM-A750FN using Tapatalk

I think there will be a few nuggets in there about who knew what and when in the SPL and SFA. Rod might even be sweating a bit under his tache.

[Bostonhibby]

I think there will be a few nuggets in there about who knew what and when in the SPL and SFA. Rod might even be sweating a bit under his tache.Interesting times but Rod's just going to kick anything that might arise into the very long grass of a never ending 5 year plan[emoji6]

Actually would be great if the details of that period came out since the whole process was designed for the now defunct Glasgow rangers benefit, and sevco's going forward.

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[grunt]

Well.


https://twitter.com/RangersFC/status/1225404295908134912?s=20

[Spike Mandela]

Well.


https://twitter.com/RangersFC/status/1225404295908134912?s=20


If ever a match was made in hell.....

[Bostonhibby]

Well.


https://twitter.com/RangersFC/status/1225404295908134912?s=20
The Donald is certainly orange but I'm amazed his advisers have allowed his reputation and good name to be dragged down with alliances like this.

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[Gloucester Hibs]

Well.


https://twitter.com/RangersFC/status/1225404295908134912?s=20


Both parties “good name” being dragged down by association with the other there! 😂

[jacomo]

Well.


https://twitter.com/RangersFC/status/1225404295908134912?s=20



Puke.

No doubt these ‘very fine people’ will enjoy each others company.

[Deansy]

Well.


https://twitter.com/RangersFC/status/1225404295908134912?s=20


Wow - a match made in grime, sleaze, dirt, filth, slime, muck, mire, s*it ..........

[Keith_M]

Well.


https://twitter.com/RangersFC/status/1225404295908134912?s=20




Surely they belong together.

One big fat orange turd joins another bunch of them.

[KingPat4]

Trump will know nothing about it.

[Bostonhibby]

Trump will know nothing about it.Absolute ignorance hasn't stopped him running a country though.

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[KingPat4]

Absolute ignorance hasn't stopped him running a country though.

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True.

When he was born, the midwife should have skelped his mother's arse.

[Bostonhibby]

True.

When he was born, the midwife should have skelped his mother's arse.[emoji23]

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[Ozyhibby]

https://uploads.tapatalk-cdn.com/20200208/5aed250e1a45ac2170912ac017ad363c.jpg
https://uploads.tapatalk-cdn.com/20200208/d41dfed5616a11ae323271a5e42c4437.plist
https://uploads.tapatalk-cdn.com/20200208/f76444831d7eb8fdc1503a6d05503ca3.jpg
Always good to see RTC back.[emoji3]


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[Spike Mandela]

Craig Whyte book out today. Reading it at the moment. Recommended for any regular visitor to this thread.

[jacomo]

Craig Whyte book out today. Reading it at the moment. Recommended for any regular visitor to this thread.


Copy and paste please. Or just a few juicy extracts.

Craig Whyte evades paying tax. I’d like to evade giving him any money.

[Radium]

Craig Whyte book out today. Reading it at the moment. Recommended for any regular visitor to this thread.

Surely we should wait until it is in the pound bin given how much he paid for RFC [emoji16]


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[HoboHarry]

Sevco are now chasing Elite for money - conspiring with them to outflank Ashley worked out well for them then lol....... :faf::faf:

https://rangers.co.uk/news/headlines/club-statement-91/

[Ozyhibby]

Sevco are now chasing Elite for money - conspiring with them to outflank Ashley worked out well for them then lol....... :faf::faf:

https://rangers.co.uk/news/headlines/club-statement-91/

It’s not going to work out well for them. They are desperate for cash.


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[HoboHarry]

It’s not going to work out well for them. They are desperate for cash.


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I'm no longer confident they are going to go under but I live in hope.......it's a relatively small sum of money as well....

[jacomo]

Sevco are now chasing Elite for money - conspiring with them to outflank Ashley worked out well for them then lol....... :faf::faf:

https://rangers.co.uk/news/headlines/club-statement-91/


So, they are in legal dispute with their previous kit provider and now they are suing their current provider?

Wow.

[The 90+2]

Copy and paste please. Or just a few juicy extracts.

Craig Whyte evades paying tax. I’d like to evade giving him any money.

Whyte deserves a statue. I’ll happily top up his pension and buy it.

[CyberSauzee]

8th anniversary today of the Huns going in admin for failing to pay taxes to Her Majesty. Always worth digging this up. A quintessentially British look at the facts

https://www.youtube.com/watch?v=H8x_59EjZOs&t=33s

[Captain Trips]

No fear I hear they are due £2341 for a PPI claim.

[Greenfly]

So, they are in legal dispute with their previous kit provider and now they are suing their current provider?

Wow.
They'll be playing naked soon.

[The 90+2]

8th anniversary today of the Huns going in admin for failing to pay taxes to Her Majesty. Always worth digging this up. A quintessentially British look at the facts

https://www.youtube.com/watch?v=H8x_59EjZOs&t=33s

Still, definitely in my top five YouTube videos ever. And that’s only because we won the cup 😁😁

[SouthMoroccoStu]

No fear I hear they are due £2341 for a PPI claim.

But after the PPI claim firm takes their cut, They re only getting £1690

[Captain Trips]

They'll be playing naked soon.

Would not be surprised if they signed away those rights as well.

[Oscar T Grouch]

Rangers public relations chief Jim Traynor was the subject of an attack by two men in Cumbernauld on Wednesday afternoon. (The Sun)

From today’s bbc gossip column.

[Ronniekirk]

Rangers public relations chief Jim Traynor was the subject of an attack by two men in Cumbernauld on Wednesday afternoon. (The Sun)

From today’s bbc gossip column.

Am surprised the Tory Party don’t want him as one of thier media spinsters His ability to manipulate the truth and tell lies in aid of the Lost Cause that has become The Rangers would go down well at No 10 these days


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[Eyrie]

Am surprised the Tory Party don’t want him as one of thier media spinsters His ability to manipulate the truth and tell lies in aid of the Lost Cause that has become The Rangers would go down well at No 10 these days


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Any party would be pleased to have someone who can get away with so many lies working for them. Definitely a good fit for the fake news and dogwhistling approach.