Generic Sevco / Rangers meltdown thread

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Originally Posted by CropleyWasGod

I can't see anything to that effect in the accounts.

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Sorry Crops, missed that post.


http://rangers.co.uk/wp/wp-content/u...Report2015.pdf

Page 31 under Going Concern heading. 7th Blue dot down on page 31,

" The forecast cash flows assume conservative amounts generated from player sales. "

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Originally Posted by doddsy

I have no idea if the surmised action against the new rangers will happen or not. What is most interesting for me at this time is my lack of interest of reading any links to the ignorant rags like the record which pop up now and then from either trolls or the curious.

Whereby I once would click on and read such links with interest, I no longer do as I now know it will be propaganda for primarily the new rangers based on supposition and written with a clear bias in mind. I read John James and other hardy souls on the Net who I can determine with my independent mind based on their clear factual evidence what is the truth and not from the mindless brain damage that a rag such as the record will supply.

It is with great regret but also with a clear mindedness that I now realise that the record and others take you for a 'MUG' who will believe the biased nonsence they put out. The only caveat is.... what would replace them as people like us stop buying into their propaganda as I want a free and unbiased press which present fact and not biased drivel. One would hope for a brave new free press which is not beholden to the State or Masonic/Trade Union/Authoritarial bias and just give the truth to us the Public.. After all we are all made of the same stuff and the pish that some are better than others is just supercillious nonsence, they are not the 'People', we are all the same, made of the same gas and bone that the world and universe consists of, just trying to rub along as best we can.

I've had a couple of drinks tonight but stand by what I've said but feel free to rubbish it if you want to, no probs, I'm a big boy.

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Well I'm going to rubbish it and I'm astonished that anybody could write such nonsense about the Daily Record. I believe every word in that newspaper and I would trust it with my life.

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Originally Posted by Dashing Bob S

Well I'm going to rubbish it and I'm astonished that anybody could write such nonsense about the Daily Record. I believe every word in that newspaper and I would trust it with my life.

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and if they insist that Craig Whyte has 'wealth off the radar', then who are we to doubt them.

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Originally Posted by Dashing Bob S

Well I'm going to rubbish it and I'm astonished that anybody could write such nonsense about the Daily Record. I believe every word in that newspaper and I would trust it with my life.

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Its easy to get to the truth by reading the Daily Record.

Whatever is written , just believe the opposite and you won't be far wrong.

If they get the date right , its a misprint. :greengrin

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Originally Posted by Hibayernian

and if they insist that Craig Whyte has 'wealth off the radar', then who are we to doubt them.

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To be fair the DR were perfectly correct. But sadly for the gullible Huns his wealth was so unimpressive it never actually got onto the radar in the first place.

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Originally Posted by Dashing Bob S

To be fair the DR were perfectly correct. But sadly for the gullible Huns his wealth was so unimpressive it never actually got onto the radar in the first place.

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Agree, the devil is always in the details, for example Kings over investment, if the start point for ordinary investment is zero a thousand per cent of zero is still zero.

In whytes case I am guessing his wealth was so immeasurable that no on bothered to try to measure it, the ****** included. Shame as a bit of journalism might have revealed reality.

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Originally Posted by greenginger

Sorry Crops, missed that post.


http://rangers.co.uk/wp/wp-content/u...Report2015.pdf

Page 31 under Going Concern heading. 7th Blue dot down on page 31,

" The forecast cash flows assume conservative amounts generated from player sales. "

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Gotcha, ta.

The Going Concern considerations look at the 12 months from the date of the signing of the accounts. ie, basically 2016. PMcG is therefore stretching it to suggest that they need player sales to see out the season, ie 5 months.

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Originally Posted by Bostonhibby

Agree, the devil is always in the details, for example Kings over investment, if the start point for ordinary investment is zero a thousand per cent of zero is still zero.

In whytes case I am guessing his wealth was so immeasurable that no on bothered to try to measure it, the ****** included. Shame as a bit of journalism might have revealed reality.

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Investigative journalism in the mainstream media is long dead, and in this case I can't say I'm too sad about that.

http://www.philmacgiollabhain.ie/con...and-at-a-loss/


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Originally Posted by Ozyhibby

http://www.philmacgiollabhain.ie/con...and-at-a-loss/


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very good article way down in the comments , sorry on work pc so dont want to put links and stuff up (working hard and all that)
Talkingbaws the piece goes on about Accrington Stanley chairman giving the huns dogs abuse about the handling of the signings of josh Windass and Matt Crook
the chairmans name is David Bumble Lloyd and his twitter account goes on about how the total disrespect and classless way of handling business .

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Originally Posted by gorgie greens

very good article way down in the comments , sorry on work pc so dont want to put links and stuff up (working hard and all that)
Talkingbaws the piece goes on about Accrington Stanley chairman giving the huns dogs abuse about the handling of the signings of josh Windass and Matt Crook
the chairmans name is David Bumble Lloyd and his twitter account goes on about how the total disrespect and classless way of handling business .

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I just thought that David Lloyd was an Accrington celebrity fan, didn't think he was their Chairman.

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Originally Posted by CropleyWasGod

Gotcha, ta.

The Going Concern considerations look at the 12 months from the date of the signing of the accounts. ie, basically 2016. PMcG is therefore stretching it to suggest that they need player sales to see out the season, ie 5 months.

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I think including a " conservative sum " for player sales in their forecasts explains a lot.

I could never reconcile last seasons £ 9 million trading loss with a mere £ 2.5 million required to see them to the end of the season.

Sure they have increased revenue a bit and trimmed some costs, but not a £ 6.5 million swing in trading costs/revenue.

They stated they needed money for December , so my guess is they predicted the " conservative sum " would arrive during the January window.

Last season they had £ 1.1 million surplus in player trading, this year its pretty certain there will be no significant sales in the January window.

They do have the £ 5 million gathered to pay off the Ashley loan, I can see it being allocated to other uses. :cb

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Originally Posted by greenginger

I think including a " conservative sum " for player sales in their forecasts explains a lot.

I could never reconcile last seasons £ 9 million trading loss with a mere £ 2.5 million required to see them to the end of the season.

Sure they have increased revenue a bit and trimmed some costs, but not a £ 6.5 million swing in trading costs/revenue.

They stated they needed money for December , so my guess is they predicted the " conservative sum " would arrive during the January window.

Last season they had £ 1.1 million surplus in player trading, this year its pretty certain there will be no significant sales in the January window.

They do have the £ 5 million gathered to pay off the Ashley loan, I can see it being allocated to other uses. :cb

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Interesting. But I thought they had transferred the £5m to Ashley/SD? Or are you suggesting that this hasn't happened/won't happen?

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Originally Posted by Col2

Interesting. But I thought they had transferred the £5m to Ashley/SD? Or are you suggesting that this hasn't happened/won't happen?

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The Twotterati are suggesting that an offer of repayment has been made, but that there are conditions attached.

We can't know that yet. However, if the lifting of the security is lodged at Companies House, that will confirm the repayment of the loan. There's been no such lodgement yet.

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Originally Posted by Libby Hibby

I just thought that David Lloyd was an Accrington celebrity fan, didn't think he was their Chairman.

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Listed as a director. Also is an ex-player.

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Originally Posted by CropleyWasGod

The Twotterati are suggesting that an offer of repayment has been made, but that there are conditions attached.

We can't know that yet. However, if the lifting of the security is lodged at Companies House, that will confirm the repayment of the loan. There's been no such lodgement yet.

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Thanks. Surprised (not) that MSM are not all over this....

I see a young lad called Windass from Hull has been arrested over a shooting outside a McDonald's.Any relation I wonder- didn't old man Windass have a Hull connection?

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Originally Posted by ancient hibee

I see a young lad called Windass from Hull has been arrested over a shooting outside a McDonald's.Any relation I wonder- didn't old man Windass have a Hull connection?

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I was wondering if they were related too. Funnily enough, I was trying to remember Dean Windass' name for a recent 'most disliked player' thread...

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Originally Posted by CropleyWasGod

The Twotterati are suggesting that an offer of repayment has been made, but that there are conditions attached.

We can't know that yet. However, if the lifting of the security is lodged at Companies House, that will confirm the repayment of the loan. There's been no such lodgement yet.

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JJ now of the opinion the £ 5 million has now been delivered.

https://johnjamessite.wordpress.com/...ment/#comments

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Originally Posted by s.a.m

I was wondering if they were related too. Funnily enough, I was trying to remember Dean Windass' name for a recent 'most disliked player' thread...

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According to Wiki

Josh and Jordan Windass are the names of his children

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Originally Posted by Golden Fleece

According to Wiki

Josh and Jordan Windass are the names of his children

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:aok:

Got to love Mike Ashley, whilst the current the rangers board are passing the hat round and maybe or maybe not raking up £5m to keep the wolf from the door for a few weeks big Mike is betting £15m during what sounds like a decent boozy lunch!

Loving the fact that he is in dispute with a Mr Blue, where does it all end.

From business insider.

"Back in 2013, Mike Ashley had a drink with Jeff Blue, a former Merrill Lynch banker, and three other bankers from Espirito Santo, according to The Times. During that two-and-a-half hour session in the Horse and Groom pub in Great Portland Street, London, Ashley allegedly promised to pay Blue £15 million if Blue could persuade The City not to be hostile to Ashley's company, and if its stock would rise from £4 to £8 a share.

The stock did eventually hit £8, and now Blue is suing Ashley to get the payment he claims he is owed, The Times reported.

According to the High Court claim, the retail billionaire agreed to pay Mr Blue if he could double Sports Direct’s share price from just under £4 to £8, increasing the value of Mr Ashley’s stake by about £1.6 billion.

In Mr Blue’s account of the deal, which is contested by Mr Ashley, it was claimed that the Sports Direct founder said: “What should I do to incentivise Jeff? If he can get the stock to £8 per share why should I give a f*** how much I have to pay him [...] I will have made so much money it doesn’t matter.”

Initially, Mr Ashley proposed £10 million, but after Mr Blue pointed out that £8 a share was a “high target” he agreed to a fee of £15 million, the document says. Three bankers from Espirito Santo were there when the pact was struck, with one said to have suggested that £20 million would be more appropriate.

Through March 2014, BlackRock Merrill Lynch Investment Managers, Alken Asset Management, Aviva and Standard Life all invested in Sports Direct, and the stock rose, Blue alleges. Ashley paid him £1 million but welched on the remaining £14 million, Blue claims. Blue left Sports Direct in March 2015, according to his LinkedIn profile.

Ashley denies the claims, but admits “a considerable amount of alcohol” was drunk that night".

https://examplewordpresscom7073.word...angers-assets/

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Originally Posted by CropleyWasGod

https://examplewordpresscom7073.word...angers-assets/

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Is it me, or does that document look sort of pasted together?
What are those lines around the different sections of the page?

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Originally Posted by CropleyWasGod

https://examplewordpresscom7073.word...angers-assets/

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So they've got the training centre back then?

As I assume nothing will we see any independent announcement around the car park and the badge?

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Originally Posted by grunt

Is it me, or does that document look sort of pasted together?
What are those lines around the different sections of the page?

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Cheap civil service photocopiers that need a service.

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Originally Posted by Jack

Cheap civil service photocopiers that need a service.

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Ah, ok, got you.

If Glibby can get counsel to stand up in the High Court in London and falsely state £ 5 million had been repaid , I'm sure he could get an Agent to submit an application to have a security removed without any checking :greengrin

[QUOTE=CropleyWasGod;4543735]https://examplewordpresscom7073.word...angers-assets/

It will be interesting to see if the securities continue to be held by RIFC or if they are transferred to individuals, possibly those who have loaned money to the club.

I can't help feeling that there will be pressure on MA and DK from their business colleagues / co-conspirators to ease up on the hostility as it is not doing either business much good. But lets hope that bloody mindedness prevails

[QUOTE=Brunswickbill;4543830]

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Originally Posted by CropleyWasGod

https://examplewordpresscom7073.word...angers-assets/

It will be interesting to see if the securities continue to be held by RIFC or if they are transferred to individuals, possibly those who have loaned money to the club.

I can't help feeling that there will be pressure on MA and DK from their business colleagues / co-conspirators to ease up on the hostility as it is not doing either business much good. But lets hope that bloody mindedness prevails

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If the securities have been discharged, then nobody holds them. They don't exist.

When the new loans were announced, it was said that they would be on the same terms as the old one. That suggests to me that the new lenders will be granted new securities.

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