Generic Sevco / Rangers meltdown thread

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Originally Posted by CropleyWasGod

On the face of it, yeah.

However, the judgement will doubtless be very complex, and we ain't going to see that for a while.

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Funny thing is, it's in Sevco's interest to defend him because it's them who own the assets he procured for them, allegedly fraudulently. If he loses, they lose.
The only reason they don't want to pay is because of cash flow.


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Quote:

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Originally Posted by CropleyWasGod

On the face of it, yeah.

However, the judgement will doubtless be very complex, and we ain't going to see that for a while.

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I think it'll be along the lines of this:

http://www.compromiseuk.co.uk/how-fa...xpected-go.php

Coulson was cited by the Huns' lawyer. Although the case mentioned in the article is in E&W, not Scotland.

Meanwhile, ex-Old Hun Ronald de Boer is being touted across the press as saying it wasn't his EBT that made him choose Rangers:

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Originally Posted by The **** that didn't miss the penalty

I was offered the same money by Manchester United as Rangers but I was afraid for my knee at that time.

Rangers gave me a four-year deal and Manchester United offered three years.

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Aye, very good Ronald, and how exactly did Rangers manage to offer you the same money as Man U? By defrauding the taxpayer. :rolleyes:

The real question is would he have signed for the Huns anyway if the money had been well short of that offered by Man U? Obviously nobody from our super diligent, impartial press corps thought of that one. :rolleyes:

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Originally Posted by JeMeSouviens

Meanwhile, ex-Old Hun Ronald de Boer is being touted across the press as saying it wasn't his EBT that made him choose Rangers:



Aye, very good Ronald, and how exactly did Rangers manage to offer you the same money as Man U? By defrauding the taxpayer. :rolleyes:

The real question is would he have signed for the Huns anyway if the money had been well short of that offered by Man U? Obviously nobody from our super diligent, impartial press corps thought of that one. :rolleyes:

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Must be the Orange connection then. He always had a bit of a sun tan but I never saw him as a die hard orange man. Just shows how wrong you can be. Wasn't about money at all. He had a Scott Allen type love affair with the team formerly known as Glasgow rangers and there's no one else for him

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Originally Posted by JeMeSouviens

Meanwhile, ex-Old Hun Ronald de Boer is being touted across the press as saying it wasn't his EBT that made him choose Rangers:



Aye, very good Ronald, and how exactly did Rangers manage to offer you the same money as Man U? By defrauding the taxpayer. :rolleyes:

The real question is would he have signed for the Huns anyway if the money had been well short of that offered by Man U? Obviously nobody from our super diligent, impartial press corps thought of that one. :rolleyes:

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All together now.

One's called Ronald, One's called Frank
one misses penalties the other ones a tank. :greengrin

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Originally Posted by JeMeSouviens

Meanwhile, ex-Old Hun Ronald de Boer is being touted across the press as saying it wasn't his EBT that made him choose Rangers:



Aye, very good Ronald, and how exactly did Rangers manage to offer you the same money as Man U? By defrauding the taxpayer. :rolleyes:

The real question is would he have signed for the Huns anyway if the money had been well short of that offered by Man U? Obviously nobody from our super diligent, impartial press corps thought of that one. :rolleyes:

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Yep not sure that helps Rangers cae that EBT's didnt get players they couldnt normally get.

I had the option of Man United and Rangers and chose Rangers. :clown:

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Originally Posted by Ozyhibby

I'm rather disappointed by that. Doesn't change much in that they are still fast running out of cash but it might have speeded things up.
Still, on to the next one. [emoji3]


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One down, six to go. This would have been delightful because of the financial bomb it would have dropped, but still plenty of excitement to come.

A bluenose came to my golf club this afternoon looking for a free round of golf. He said that he had been told that Gers don't have to pay green fees.:greengrin:greengrin

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Originally Posted by Brunswickbill

A bluenose came to my golf club this afternoon looking for a free round of golf. He said that he had been told that Gers don't have to pay green fees.:greengrin:greengrin

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👍👍

"@MikeAshIey: I am sending my first tweet to let the Rangers supporters know that in the coming months, I will be exposing the truth about David King."

Sure it's bollocks but quite a funny prospect.

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Originally Posted by bingo70

"@MikeAshIey: I am sending my first tweet to let the Rangers supporters know that in the coming months, I will be exposing the truth about David King."

Sure it's bollocks but quite a funny prospect.

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Get on with it Mike!

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Originally Posted by bingo70

"@MikeAshIey: I am sending my first tweet to let the Rangers supporters know that in the coming months, I will be exposing the truth about David King."

Sure it's bollocks but quite a funny prospect.

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Mike Ashley is one of Britain's most secretive businessmen. He is not likely to have a Twitter account or put out message like that , unfortunate as it is.

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Originally Posted by SunnyLeith

Mike Ashley is one of Britain's most secretive business men. He is not likely to have a Twitter account or put out message like that , unfortunate as it is.

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I'm sure you're right but if he was one of the countries most secretive businessmen I'm not convinced I'd have heard of him and he'd have made lower profile investments than Newcastle and Rangers.

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Originally Posted by bingo70

I'm sure you're right but if he was one of the countries most secretive businessmen I'm not convinced I'd have heard of him and he'd have made lower profile investments than Newcastle and Rangers.

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He is one of the most secretive , in terms of public statements and appearence or social media , which is different from the investments he chooses to make.

Anyone who seriously thinks he would put out a tweet like that has no understanding of the way he operates.

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Originally Posted by bingo70

I'm sure you're right but if he was one of the countries most secretive businessmen I'm not convinced I'd have heard of him and he'd have made lower profile investments than Newcastle and Rangers.

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He never gives interviews. Very few media people have even met him. What's more likely: he's changed tack to take to twitter now.... or someone in Glasgow opens a fake twitter account pretending to be him. My money would be on option b.

were KPMG the administrators for the yamboids ? although they are in Belfast will the Edinburgh branch be crooks as well, that bald yin looked well dodgy iirc :greengrin


http://www.bbc.co.uk/news/uk-northern-ireland-34931675

Four partners at the Belfast office of KPMG have been arrested in connection with suspected tax evasion.

HMRC officials visited the global accountancy firm's city centre office on Wednesday and detained the men.
They are Jon D'Arcy, Eamonn Donaghy, Arthur O'Brien and Paul Hollway, the firm's most senior staff in Northern Ireland.

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Originally Posted by cabbageandribs1875

were KPMG the administrators for the yamboids ? although they are in Belfast will the Edinburgh branch be crooks as well, that bald yin looked well dodgy iirc :greengrin


http://www.bbc.co.uk/news/uk-northern-ireland-34931675

Four partners at the Belfast office of KPMG have been arrested in connection with suspected tax evasion.

HMRC officials visited the global accountancy firm's city centre office on Wednesday and detained the men.
They are Jon D'Arcy, Eamonn Donaghy, Arthur O'Brien and Paul Hollway, the firm's most senior staff in Northern Ireland.

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BDO fixed the Yams admin


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Quote:

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Originally Posted by cabbageandribs1875

were KPMG the administrators for the yamboids ? although they are in Belfast will the Edinburgh branch be crooks as well, that bald yin looked well dodgy iirc :greengrin


http://www.bbc.co.uk/news/uk-northern-ireland-34931675

Four partners at the Belfast office of KPMG have been arrested in connection with suspected tax evasion.

HMRC officials visited the global accountancy firm's city centre office on Wednesday and detained the men.
They are Jon D'Arcy, Eamonn Donaghy, Arthur O'Brien and Paul Hollway, the firm's most senior staff in Northern Ireland.

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Hearts appointed KPMG as their administrators.
http://www.heraldscotland.com/news/1...dministration/


Ukio Bankas as secured creditor went to court and got BDO appointed. Saved their F'n bacon. :greengrin

Grant Russell ‏@STVGrant 5m5 minutes ago
Decision of Rangers to repay Sports Direct taken at board meeting last night. King says it took one hour to raise commitments to fund.

from agm feeds

Plant questions in early. First question Sons of Struth:

"How can we give the club money but not Sports Direct ?"

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Originally Posted by Treadstone

Plant questions in early. First question Sons of Struth:

"How can we give the club money but not Sports Direct ?"

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Struth Mate! Are they bloody bonkers?

in best Aussie accent ...

Grant Russell ‏@STVGrant 2m2 minutes ago
King: Once SD loan paid off, we will be one of strongest clubs in world with regards to financial position.



Journos spotted taking huge doses of salt straight after King said this.

Grant Russell ‏@STVGrant 4m4 minutes ago
Q: On Ashley, does he still have option on naming rights for Ibrox? King says no.


Should he be answering that one?

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Originally Posted by Kato

Grant Russell ‏@STVGrant 2m2 minutes ago
King: Once SD loan paid off, we will be one of strongest clubs in world with regards to financial position.


Journos spotted taking huge doses of salt straight after King said this.

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:faf:

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Originally Posted by Kato

Grant Russell ‏@STVGrant 2m2 minutes ago
King: Once SD loan paid off, we will be one of strongest clubs in world with regards to financial position.



Journos spotted taking huge doses of salt straight after King said this.

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OMG! how many more lies can they tell? They are so delusional and this playground game King is playing, is completely unbelievable in that the hordes swallow it!! I suppose they don't wanna know the truth.

Who is stumping up the cash to pay the £5m SD loan then?

Presumably they are borrowing from other shareholders - but even if they are paying interest it will be better for them as they will get more from Rangers Retail.

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Originally Posted by Kato

Grant Russell ‏@STVGrant 2m2 minutes ago
King: Once SD loan paid off, we will be one of strongest clubs in world with regards to financial position.



Journos spotted taking huge doses of salt straight after King said this.

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Salted lamb?

If they are able to pay the loan back - apart from a bigger share of merchandising, does any of the assets currently owned by Big Mike revert back to the Club or the business that owns the club? If not, how do they get a loan from Gringots to get that stuff back - as I can't see any lender(even Wonga)allowing them to borrow.

Can't understand why they didn't raise the money to pay off Ashley months ago if it was that easy.

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Originally Posted by O'Rourke3

If they are able to pay the loan back - apart from a bigger share of merchandising, does any of the assets currently owned by Big Mike revert back to the Club or the business that owns the club? If not, how do they get a loan from Gringots to get that stuff back - as I can't see any lender(even Wonga)allowing them to borrow.

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Yes. The securities revert back to Sevco and ownership of the intellectual property is transferred back as well. Their share of Rangers retail's income reverts back to them as well (50%) but control over decision making stays with SD.



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