Terry butcherQuote:
Originally Posted by Golden Fleece
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Terry butcherQuote:
Originally Posted by Golden Fleece
Case about to start, apparentlyQuote:
Originally Posted by Ozyhibby
Quote:
Originally Posted by Bill Milne
There's a thread on FF about Sevco being about to put in a third bid for O'Halloran. Seems the muppets know more about their club than Warburton. The first bid was apparently £150k.Quote:
Originally Posted by Jim44
Breaking: Glasgow Sheriff rejects bid by WiFi company 802 Works to arrest £300,000 from Rangers FC
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Quote:
Originally Posted by Ozyhibby
Aw well, not to worry, hope Chuckie is successful with his claim.
So they just need to bill them for payment? Once it's not paid; letter before action then sue, if still not paid move to enforcement?Quote:
Originally Posted by Ozyhibby
Judge ends hearing by ruling both sides should pay their own costs.
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Surely they've already been billed before the company initiated legal action?Quote:
Originally Posted by Bostonhibby
Judge told court he was satisfied that there was 'no immediate risk' of Rangers going put of business.
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Rangers provided profit/loss statement for Dec 31, 2015 that showed half-year losses significantly down to just below £500,000.
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802 Works Limited failed to satisfy the sheriff that there is a risk of Rangers being on verge of insolvency.
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Quote:
Originally Posted by Ozyhibby
Now they presuambly take DerHun to court to force them to settle the bill.
you'd hope so, but its probably down to terms, for example dodgy dave is likely to have built in a future payment date that is as far ahead as they can legally get away with, the company are probably concerned that there's a chance in the future that the latest version of the rangers will go pop / bump them hence the original action? who knows? something must have made them uneasy.Quote:
Originally Posted by Geo_1875
If the bills in and payment date due / imminent, if its not paid then sue and enforce. Could actually be that the tactic is to pay no one until they do sue them!
So in 6 months of significant increased ticket revenue and much lower wages they are still losing 500k? Shambles of a club.Quote:
Originally Posted by Ozyhibby
If I remember it right, the Wi-Fi company billed The Rangers, they said it wasn't up to spec, Then the Wi-Fi co took them to court.
That's a common excuse among businesses who can't/won't pay debts.Quote:
Originally Posted by Golden Fleece
https://rangersfraudcase.wordpress.c...restment-case/
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A few things strike me.Quote:
Originally Posted by Ozyhibby
1. I'm not sure that ring-fencing the debt protects the WiFi company at all. The debt is in dispute, and in that light even a ring-fenced debt would rank with all others in an insolvency. However, had the Sheriff ordered that the money be set aside in a separate account, that would have had serious cash-flow issues for Rangers. That's the big win for them in this case.
2. profit and loss account. Unaudited? No Balance Sheet? They'll be fine, then. :rolleyes:
3. each side has to pay their own legal expenses. That's going to sting. Again.
"A final decision in the dispute is not expected until mid 2017"Quote:
Originally Posted by Ozyhibby
Is that a typo, or genuinely how long it takes to get through the law/court system these days??
Quote:
Originally Posted by KeithTheHibby
That £ 500K could have little bearing on their whole year.
Published half-yearly figures last year showed a loss of £ 2.6 million against a full year loss of £ 8.5 million.
http://www.londonstockexchange.com/e.../12299859.html
About 30% of loss occurred/declared in first 6 months .
So, all in all, are they Donald ducked going forward? Fingers crossed :pray:
"Sheriff Miller said that he had been assured by Rangers that the figures were accurate"
:faf::faf:
Aye, them and Bernie Madoff taeQuote:
Originally Posted by PeeKay
Sheriff Miller won't need to buy a drink at his local lodge for the rest of the year...Quote:
Originally Posted by PeeKay
Has there been any comments anywhere concerning the Green v RIFC for his legal expenses ?
Yeah STV had a story earlier about Green having to post a £50k bond. http://news.stv.tv/west-central/1339...l-fees-appeal/Quote:
Originally Posted by greenginger
subtle :greengrinQuote:
Originally Posted by CropleyWasGod
James Doleman has just tweeted.
At the Royal Courts of Justice for interim hearing in case of Sports Direct International Plc v Rangers International Football Club
Can't even remember what this one is about?
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Its a follow on from the case before Christmas for the contempt charge against King for talking about the Sports Direct deal.Quote:
Originally Posted by Ozyhibby
Any sanctions against Sevco and costs to be announced.