Generic Sevco / Rangers meltdown thread

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Originally Posted by ballengeich

I agree about the public interest and setting a precedent causing delay as there has probably been some consultation going on among law lords. However, there's one thing that might make the judgment a little straightforward than it seems at first sight. When a court looks at a body like the TOP, it expects them not just to blindly enforce rules, but to act to further the objectives of these rules.

Concert party rules are intended to protect other shareholders. King's case is that far from needing protection, the small shareholders have seen a 30% rise in the value of their assets since his takeover so it would be unreasonable to expect him to make an offer at well below the current price. If Rangers shares were being traded in a normal market that would be a powerful point. The objection to it is that transactions at the higher price have largely been small-scale purchases by Club 1872, which unitl recently was effectively controlled by James Blair, the Rangers company secretary. The price hasn't been set by a market, but has been artificially determined by the company board, who also intend to get a motion passed at the agm to allow them to dilute other shareholders percentages.

I think that the court should find against King, but the judge will have to be careful in how he justifies the decision.

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There's some merit to your eloquently put points and I'm certain Lord Bannatyne will word his written judgement meaningfully and very carefully with addressing the key aspects of the case that was put in front of him and give due attention to both the Pursuer's (Takeover Panel) and Defender's (King) arguments. However I'm also certain that ultimately he will have quickly focused in on the main question attached to this case of whether or not to enforce the Takeover Panel's decision of the share offer verdict. It certainly appears the Takeover Panel studiously scrutinised all of the evidence at their disposal to reach their verdict and their procedural appeal system exhausted with King failing to comply with their verdict.

I do not think Lord Bannatyne will seek to interfere in the Takeover Panels processes of how they reached such a verdict allied with King's defences mainly relying on having no access to the type of funds required then it really only leaves Lord Bannatyne with one option and that is to force King to comply with the Takeover Panels decision being the share offer.

Of course this is only my opinion and Lord Bannatyne may indeed seek to compromise in some way or find for King however taking everything into consideration it all points to him siding with the authority that is the Takeover Panel whom it appears have acted properly at all times in stark contrast to King who is a known chancer so to speak.

GGTTH

Re the claims of another club offering to throw a game.

Was there not an occassion when Hearts pulled 2 players off the team bus just as they were about to leave for Ibrox and tell them they had VladFlu (Zaliukas and Skacel maybe)

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Originally Posted by Skol

Re the claims of another club offering to throw a game.

Was there not an occassion when Hearts pulled 2 players off the team bus just as they were about to leave for Ibrox and tell them they had VladFlu (Zaliukas and Skacel maybe)

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Aye but MadVladMcMad wanted Hearts to do badly against everyone, not just the thes. Remember that one year Hearts were playing really good stuff and looked as if they might challenge for the league title, McMad promptly sacked the manager!

Oor Rod gets an (dis)honourable mention again....

https://johnjamessite.com/2017/11/23/sir-bribe-lie/

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Originally Posted by Spike Mandela

Oor Rod gets an (dis)honourable mention again....

https://johnjamessite.com/2017/11/23/sir-bribe-lie/

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If true then it helps explain Petrie’s desire for everyone to move on. [emoji35]


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Again... how on earth is this guy publishing copyrighted material on his site and asking for financial contributions for doing so?

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Originally Posted by Ozyhibby

If true then it helps explain Petrie’s desire for everyone to move on. [emoji35]


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uh huh :agree:

Derek Ferguson wants an SOS sent out to Souness and Wattie to stop Celtic's 10iar. :rolleyes:

:lolrangers:

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Originally Posted by Spike Mandela

Oor Rod gets an (dis)honourable mention again....

https://johnjamessite.com/2017/11/23/sir-bribe-lie/

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'Craig Whyte revealed that as soon as the deal was signed, Sir Bribe & Lie called Murray Foote, the editor of the Daily Record with the glad tidings'

One piece of info no-one will argue whether it's true/false - the 'Daily Rectum' is the official Hun Fanzine, masquerading as a 'Newspaper' !



Absolutely love this little piece, tho -

'One stalwart told craig it was his job to maintain the 'smoke and mirrors' illusion that Rangers was a big time football club. The reality was that, compared to other businesses Craig had taken over, it was a reasonably small business. An impression had to be created otherwise for the fans'

Looking forward to a visit over to Hun-media for their measured responses to this .............................

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Originally Posted by Ozyhibby

If true then it helps explain Petrie’s desire for everyone to move on. [emoji35]


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I think Petrie is most probably up to his neck in 5 way agreements and such like. Of course, without the truth coming out, we'll never know but the balance of probability based on the Charlotte Fakes leaks and so on indicates he was heavily involved in facilitating the New Huns way in to the leagues.

The allegation here, that he was involved in covering up the Old Huns concealing they owed taxes so they'd be allowed to play in Europe sounds a bit less plausible if anything. But again, it's all under the carpet as far as RP is concerned.

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Originally Posted by Ozyhibby

If true then it helps explain Petrie’s desire for everyone to move on. [emoji35]


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I think we knew this already. Well you know what, he has some explaining to do but will presume innocence until such a time guilt is proven.

My hunch (based on very little evidence) is that Rod is indeed up to his neck in it.

I also think that in every meeting leading up to stuff like the 5-way-agreement he will have behaved exactly like the vast majority of Hibs fans will have wanted him to. He will have demanded serious punishment for Rangers, he will have demanded stripping of titles, he will have pushed every step of the way for them to be harshly dealt with.

He will have had the others railing against him, he'll have been over-ruled and he'll have had to publicly support the joint position.

I suspect that if any minutes of meetings were to be published, Petrie would be able to hold his head high.

I suspect he's boiling inside that he has to come across as some sort of Rangers/ Sevco apologist.

Just my opinion and as I said, based on little/ no evidence.



I say no evidence - I actually know some people who were deeply involved at that time. It was pretty grim, miserable and fraught for everyone. Seething huns possibly seeing their team disappear aren't people you want to be exposed or subjected to. Petrie might simply not be bothered with the idea of reopening old wounds, stirring up old problems and would prefer to "quietly move on".

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Originally Posted by Smartie

My hunch (based on very little evidence) is that Rod is indeed up to his neck in it.

I also think that in every meeting leading up to stuff like the 5-way-agreement he will have behaved exactly like the vast majority of Hibs fans will have wanted him to. He will have demanded serious punishment for Rangers, he will have demanded stripping of titles, he will have pushed every step of the way for them to be harshly dealt with.

He will have had the others railing against him, he'll have been over-ruled and he'll have had to publicly support the joint position.

I suspect that if any minutes of meetings were to be published, Petrie would be able to hold his head high.

I suspect he's boiling inside that he has to come across as some sort of Rangers/ Sevco apologist.

Just my opinion and as I said, based on little/ no evidence.



I say no evidence - I actually know some people who were deeply involved at that time. It was pretty grim, miserable and fraught for everyone. Seething huns possibly seeing their team disappear aren't people you want to be exposed or subjected to. Petrie might simply not be bothered with the idea of reopening old wounds, stirring up old problems and would prefer to "quietly move on".

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I used to think similar but "moving on" to the extent that our club doesn't even support the SPFL asking the SFA to be involved in an enquiry has me reconsidering.

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Originally Posted by jacomo

Again... how on earth is this guy publishing copyrighted material on his site and asking for financial contributions for doing so?

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Because White leaked it to him?

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Originally Posted by Smartie

My hunch (based on very little evidence) is that Rod is indeed up to his neck in it.

I also think that in every meeting leading up to stuff like the 5-way-agreement he will have behaved exactly like the vast majority of Hibs fans will have wanted him to. He will have demanded serious punishment for Rangers, he will have demanded stripping of titles, he will have pushed every step of the way for them to be harshly dealt with.

He will have had the others railing against him, he'll have been over-ruled and he'll have had to publicly support the joint position.

I suspect that if any minutes of meetings were to be published, Petrie would be able to hold his head high.

I suspect he's boiling inside that he has to come across as some sort of Rangers/ Sevco apologist.

Just my opinion and as I said, based on little/ no evidence.



I say no evidence - I actually know some people who were deeply involved at that time. It was pretty grim, miserable and fraught for everyone. Seething huns possibly seeing their team disappear aren't people you want to be exposed or subjected to. Petrie might simply not be bothered with the idea of reopening old wounds, stirring up old problems and would prefer to "quietly move on".

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I think you are most likely right. The level of bile and speed of media delivery after our Scottish Cup victory, provided a snapshot of how they all circle the wagons when the Rangers are in trouble. Its vicious, vindictive and completely irrational however, it should not be tolerated. I do think RP is better than the picture created in JJ piece and hope he does come out and defend his position rigorously.

Did anyone see PM question time yesterday afternoon? Basically she said that the Taxman had won a unique case in court which would bring in at least 1 Billion in unpaid Taxes.

Not sure if she is on about The Rangers case and EBT's ( or should I say Rangers case ), but if she is then their could be a few English clubs bricking it.

GGTTH

Stuart Milne saying that McInnes has told him he is staying at Aberdeen. McLiesh or one of the other cheap the rangers men to get the job looks a certainty.

If this is true, and Petrie is up to his neck in these lies, it should be more of the same when he takes over at the SFA? :rolleyes:


A transparent enquiry is the only way to get rid of this stench, but turkeys don't vote for christmas.

Intervention from Scottish Govt might help.

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Originally Posted by weecounty hibby

Stuart Milne saying that McInnes has told him he is staying at Aberdeen. McLiesh or one of the other cheap the rangers men to get the job looks a certainty.

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It won't be the likes of Pardew or Big Sam anyway. They don't get out of bed for less than £4m a year these days.

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Originally Posted by blackpoolhibs

If this is true, and Petrie is up to his neck in these lies, it should be more of the same when he takes over at the SFA? :rolleyes:


A transparent enquiry is the only way to get rid of this stench, but turkeys don't vote for christmas.

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Hope to hear you never got the job of "transparent enquiry" minister.

When's Sir Craig's book out?

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Originally Posted by Firestarter

When's Sir Craig's book out?

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As soon as he's found a publisher?

https://uploads.tapatalk-cdn.com/201...cc3a562f4e.jpg


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The Rangers A G M today
Discussion on Radio tonight

Key points

1) King saying they will break even in two to three years ,as long as they progress in Europe

2) Need 7.5 Million additional Funding over next two years

3) Made a loss of over Seven Million this past accounting period But nearly half of that was a one off payment to yon guy that was Director at Newcastle

4) They wont be able to compete with Celtic for two to three years again dependant on progressing in Europe

5). Appointing recent manager wasn't a mistake Major In Denial there

6). The Training ground may be Sold ? To Club 18whatever year it was Supporters run Organisation

Just my memory as was listening yo radio while driving

Pundits all saying Manager will be Mcinness On a three year deal
Manager will get substantial Funds next Summer to revamp Squad but there is money in January if right player becomes available

Anyone else hear any of this


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Originally Posted by Ronniekirk

The Rangers A G M today
Discussion on Radio tonight

Key points

1) King saying they will break even in two to three years ,as long as they progress in Europe

2) Need 7.5 Million additional Funding over next two years

3) Made a loss of over Seven Million this past accounting period But nearly half of that was a one off payment to yon guy that was Director at Newcastle

4) They wont be able to compete with Celtic for two to three years again dependant on progressing in Europe

5). Appointing recent manager wasn't a mistake Major In Denial there

6). The Training ground may be Sold ? To Club 18whatever year it was Supporters run Organisation

Just my memory as was listening yo radio while driving

Pundits all saying Manager will be Mcinness On a three year deal
Manager will get substantial Funds next Summer to revamp Squad but there is money in January if right player becomes available

Anyone else hear any of this


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So the Rangers will break even when they qualify for the Group Stages of the Champions' League or Europa League regularly?

All they have to do is beat Celtic plus Aberdeen and Hibs to the SPFL title, then negotiate three CL qualifying rounds.

Or make the top three in the SPFL and go through three or four rounds of qualification for the Europa League (stating in early June) and not fall over against the first team of part timers from Luxembourg they come across.

I suspect that the Rangers need to modify their business model and try to live within their mean. That implied that they must avoid paying through the nose for crap players.

Leeds United operated a business model in the early 2000s which required at least a quarter final appearance in the Champions League to balance their books. They missed qualification one year and were in financial turmoil and ended up being relegated, not once but twice and suffered an 'insolvency situation' on the way.

McInness to be appointed manager next week apparently.

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Originally Posted by Firestarter

McInness to be appointed manager next week apparently.

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Honestly that wouldn't surprise me in the least.

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Originally Posted by jgl07

So the Rangers will break even when they qualify for the Group Stages of the Champions' League or Europa League regularly?

All they have to do is beat Celtic plus Aberdeen and Hibs to the SPFL title, then negotiate three CL qualifying rounds.

Or make the top three in the SPFL and go through three or four rounds of qualification for the Europa League (stating in early June) and not fall over against the first team of part timers from Luxembourg they come across.

I suspect that the Rangers need to modify their business model and try to live within their mean. That implied that they must avoid paying through the nose for crap players.

Leeds United operated a business model in the early 2000s which required at least a quarter final appearance in the Champions League to balance their books. They missed qualification one year and were in financial turmoil and ended up being relegated, not once but twice and suffered an 'insolvency situation' on the way.

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Their Going Concern status is based on them "making the group stages of the Europa League in 3 of the next 5 seasons".

That was established before they went out of the EL this year. So now it's 3 out of the next 4.

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Originally Posted by CropleyWasGod

Their Going Concern status is based on them "making the group stages of the Europa League in 3 of the next 5 seasons".

That was established before they went out of the EL this year. So now it's 3 out of the next 4.

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Oh dear.