The liquidation is of no interest to the FTTT.
On your second point, the payment in the £ to creditors would be increased accordingly.
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Not sure if this has been mentioned yet, but this Scotsman article says that Friday is the (latest) deadline day for Rangers to get SFA registration. SFL rules state a 14 day limit.
http://www.scotsman.com/sport/footba...oist-1-2425462Quote:
More pressing for the new Rangers is the fact that SFL rules state new clubs must gain SFA membership within 14 days of being accepted into their organisation. That means that Friday is the deadline day for Sevco, who have been treated as a completely new club by the SFL in paying a £1,000 application fee and a £1,000 entrance fee to play in the Third Division.
Seems like quite a good article. Says that Ally McCoist has a "confused stance".
When is Ranger's first proper game?
I notice The Rangers won 5_1 over the weekend, according to the Scotsman "with a strong team full of internationals" ....... thought Swally was bleating about the registration embargo because he didn't have a team? (again)....
In the interests of transparency we should be told..... is the Scotsman lying through its teeth .... or is someone else?
Never realised the Ramsden Company sponsoring the Ramsden Cup was a cash for gold and pawn broking company.
How absolutely perfect for the destitute Govan tramps. :greengrin
I can see them losing ibrokes to the liquidators and having to develope a wee ground at murray park
One of the papers is suggesting today that another sticking point in the delay to transfer the SFA membership is the SFL's refusal to sign over TV and media rights of Newco in the SFL. I'm not sure how that should affect the membership transfer, as it seems to be an issue between SPL and SFL.
Fair play to the SFL if that's the case though, and I hope the SFL stick to their guns. Their members were forced to accept Newco and I think it's only fair that they get the opportunity to cash in with a decent TV deal from someone.
The 'big' news overby is that Brian Kennedy is to make a £5.5M bid today for a controlling share in Newco. Sorry if already posted.
This is hilarious...
http://eturnkeysec3340002378c9.users...active_id/1027
Traynor's record piece today is an absolute belter even by his standards. The New Huns are apparently going to have such a love in with their new pals in the SFL that they're all going to set up in competition to the SPL and stop promotion/relegation.
The man's a buffoon.
Quote:
What's the bid idea?
By jim Traynor on Jul 23, 12 07:34 AM
WITH only days to go before Rangers begin life all over again there should be a sense of anticipation sweeping through a club which has been disgraced, discredited and dumped in the game's basement. At least they still have a pulse but 10 weeks after Charles Green agreed an exclusivity deal with Rangers' administrators, uncertainty and anxiety continue to stalk the corridors of Ibrox and Murray Park.
And I believe concern over the new club's finances has prompted Brian Kennedy to make a £5.6million bid for a controlling interest. Rangers sources insist that bid, more than Green and his partners from Zeus paid for the entire package, was made on June 25 and although rejected, my information is it remains on the table.
It is also understood from within Ibrox that there is growing concern over Rangers' future because Green's business plan was based on his club starting in the First Division at worst. One of the main planks of his model was a rush by fans to buy season tickets but so far no one has been trampled in the stampede to the box office. Yet, Green's own "Financial Offering", the document sent out to potential investors, made reference to raising as much as £15m through season tickets. There is still a wide credibility gap between Green and Rangers supporters. They remain unconvinced by the Yorkshireman and his people and so it seems do investors, even though an English sports agency said last week they want to pay £1m for a 10 per cent share. They didn't have to muscle their way to the front of a queue either, even though Green insisted from day one that attracting investors and money wouldn't be a problem. It was also written in his document that as much as £30m of working capital would be brought in by the middle of July and Rangers fans might want to ask where that money is. Green would say his plan was dependent on gaining control of the club through a CVA but even so, surely a handful, a few even, out of all the investors - I think, Charles, you may have mentioned 20 - he said were lined up might have gone ahead regardless. But where are they? Where's the money Charles? And is there enough to keep Rangers going long enough to survive the season?
The truth is Rangers' financial woes are far from over but any cash-flow problems could be solved if Green accepted Kennedy's offer which remains live. Kennedy, of course, tried to get Rangers on his own, and then by riding with the Blue Knights, but while they and others were left behind when Green made his blindside run, the English-based Scottish millionaire kept up to speed with developments.
He continued to monitor the situation very closely and our sources believe his offer to be substantial and fair. The deal is Kennedy would gain 51 per cent of the club in return for his money which would be used as working capital rather than to fill anyone's pockets and, within two years, Green's investors would get back the amounts they put in, with 10 per cent interest on top. It is understood Kennedy was reluctant to turn his back because he fears Rangers could slide back into administration, or worse. That's why he's willing to boost resources by injecting more than the purchase price paid by Green's group while still offering them the chance to get their money back, and then some.
The bid was dismissed when Green believed Rangers would start in the SPL or, at worst, the First Division but our information suggests attitudes within the controlling group might be softening now they are in the Third.
Understandably, there is acute concern that despite a series of charm offensives, season tickets have not been sold in great numbers. But there are one or two within Ibrox who are beginning to wonder if the fans would be tempted to pile in with Kennedy on board. Anger has also been simmering among the Rangers support because their club doesn't have a powerful voice at the game's top tables. They are asking why Green and club chairman Malcolm Murray haven't been more vociferous in defending Rangers against sanctions but with Kennedy and his management team in place that could be another problem solved.
The SFA, who hit Rangers with a £160,000 fine and a 12-month registration ban, and SFL have said they won't be pushing to have any of their trophies won by Rangers during the EBT years erased from the records. The SPL, however, have yet to tell their own agitators it might be time to focus on more important issues, like staying alive. Kennedy might have delivered that message long ago and he'd probably be warning that if the SPL remain entrenched over the issue of titles they might push Rangers to the point where they are happy to stay in the SFL, rather than return to a league which has made it very clear they couldn't accept them. The rift could become permanent if the SPL insist on further sanctions which would push Rangers even closer to their new neighbours.
In fact, the notion of the SFL and Rangers forming a stand-alone system, which would prevent promotion to the SPL has, I believe, been discussed informally and some think it has merit and possibilities. There are only two massive clubs in Scotland, even if one of them, Rangers, are on their knees. But they will get back to their feet and if they remained in the SFL the game's poor relations could very quickly become the stronger and richer of the two leagues. Naturally, the SPL would laugh at the very idea yet if, because of diminishing TV and sponsorship deals, they lose a few clubs they'd be reduced to Celtic, the game's main power, but perhaps only seven or eight impoverished others. Those clubs could be even less of an attraction to telly companies than now. On the other hand, SFL clubs would benefit from deals of their own because they now have one of the big two in their pack. And having already lost everything, Rangers have nothing left to risk. The SFL, and Rangers, might never have a better chance to grow, while the SPL, who left the others behind in 1998 to set up on their own, would become weaker. The SFA would probably be unable to resist a wish by the SFL and Rangers to stand alone and demand European places because they couldn't rule in favour of, say, eight or nine SPL clubs against 30 in the SFL. After all, haven't the SPL been insisting the voice of the majority must be heard?
First, Rangers have to stay alive and if Green needs the fans to back him through season-ticket sales he just might sell a few more by doing a deal with Kennedy. And Ally McCoist might be told for the first time how much he has to spend on his project: Rebuilding Rangers
Yes, quite right that the SFL should be demanding a European place now that they're so fantastically strengthened.
And for the avoidance of doubt it should go to whichever team finishes in the place that NewHunCo finishes in, in whatever division they are in.
"within two years, Green's investors would get back the amounts they put in, with 10 per cent interest on top"
That's only around £500k?
Green's not daft, I'm sure even he's realised he could easily double his money if he broke the assets up and sold them seperately.
Yep this column is the one that proves he's lost his marbles.
Whats he doing right now?
Probably rocking back and forward in a corner of his bedroom in only a pair of pashed rangers yfronts,thumb in mouth humming "we are rangers".
I note that Green is charging the zombie horde £300 a skull to watch Sevco take on the Third divi's finest part timers. :greengrin Only seriously thick zombie huns need apply. :aok: No doubt Jabba will buy a few!
Surely if Kennedy buys the club, Green will take the money and run. Quite how that changes their cashflow situation is a mystery to me...
I had to think about that too.
What I think he means is that Kennedy will buy the 51% stake, and Green won't actually take the cash right away. He will leave it in the company as a loan, at a decent rate of interest. That loan will be repayable as and when Sevco are in a position to do so.
Looks like the income from season ticket sales will be drastically reduced according to this statement, will it be enough to cover costs?
Rangers FC (Official)
In response to numerous calls from supporters requesting season ticket prices, the club would like to provide information regarding pricing for season 2012/2013 - subject to SFA membership.
The decision has been taken to reduce season ticket prices significantly - full Adult and concession season ticket prices will be reduced by ONE THIRD and Juveniles will be reduced by 50%.
READ the latest on season ticket pricing on the club website here: http://bit.ly/OiZplw
Hun 'game' on Wednesday night is postponed due to the huns still not being SFA members. There will a come a point - soon - when the SFL will need to decide to proceed without them.
The National Collegiate Athletic Association on Monday banned Penn State University from post-season bowl games for four years, fined the university $60 million and imposed other sanctions in an unprecedented punishment for its inaction when officials were alerted to child sex abuse by former assistant coach Jerry Sandusky.
At a news conference in Indianapolis, NCAA Mark Emmert said Penn State football scholarships would be reduced to 15 from 25 and team wins would be vacated from 1998-2011.
The governing body for U.S. college sports opted not to levy the so-called “death penalty” that would eliminate an entire season or more for the scandal-scarred football program.
Read more: http://www.calgaryherald.com/news/NC...#ixzz21Ss9x8Ne
Sevco have denied that they have been in discussions with Kennedy. More publicity seeking?
And fat Sally thinks they've been punished enough! Sally says no! Total hun carrot.
I was sitting in the pub last night, when in came this very attractive girl, wearing not just a Rangers top, but a scarf also. She then gave me the glad eye for half an hour, before bringing me a pint of lager and chatting me up for another half hour. Finally, she said to me, "Fancy taking me home?" I said, "Sorry hen, but your just not in my league."
Had a chat , on Sunday, with a player who left RFC over the past weeks .
He suggested that Green may just play along with SPL/SFL et al , until the last minute and then if he is of the mind will simply " liquidate" the business , sell off the assets at a handsome profit and walk away .
This would presumeably mean there would be no RFC ,no Sevco and another team would have to be added to Div 3
He also said that the £5.5 M paid was a loan to be paid back by 2020 . This equates to approx £ 750,000 per annum plus interest.
I would imagine that unless they sell a great number of ST's they will have cash flow problems given those figures and the running costs to operate the club.
This simply came up in a general conversation about Scottish football therefore have no basis for saying it is true :greengrin.
:confused:
Why is this crap still going on?
Surely, at this point with the season due to start, for the followers of Mordor at least on Saturday it's fairly obvious that the SFL are going to do diddly squat. As for the TV money surely that's a matter for the SFL clubs and not donkey Doncaster's dimwits. Also last I heard News International don't employ either Doncaster or Reagan as consultants. Since, they certainly don't appear to have acted on behalf of Scottish football, with their near constant diminishing of the product their supposedly employed to advocate.
I just want to get back to football and supporting Hibs, even if that will undoubtedly be full of the usual angst. Leave it to the likes of Traynor to cry about how harsh the world is and I confidently predict the West coast laptop loyal will suddenly develop an interest in the lower tier of Scottish football. Not to mention become overnight evangelists for league reconstruction.:grr:
Absolutely !
Also a few others I would imagine. :greengrin
I find it amazing that this saga has been allowed to just roll on . It's as if this is being done on purpose so that people will have got fed up with the whole thing and be glad to accept any solution. :confused:
A number of " suits" from various organisations have a few questions to answer on the handling of this affair :rolleyes:
:flag:
And no sense from Greene's point of view.Why would he want to leave his money in a company over which he has no control?
As for Kennedy his business reputation must be heading downhill.He wouldn't offer £7million for 100%of Rangers but now wants to offer £5.5million for 51%of Sevco a company with considerably fewer assets than Rangers.
Two reasons
1. He has not put any of his own money into it.
2. He thought he was involved in buying a football club, looking to make a fast buck. Like most people outside Scotland, he had no idea of the baggage that comes along with that particular club.
:cb
meanwhile in England. I don't know what the similaarities or differences are between the two situations, but it might make interesting reading.
http://www.bbc.co.uk/sport/0/football/18958234
http://www.bbc.co.uk/sport/0/football/17132843
http://www.bbc.co.uk/sport/0/football/18931177
http://www.bbc.co.uk/sport/0/football/18931177
http://www.bbc.co.uk/sport/0/football/18972417
Who do we reckon is backing down on the dual contracts investigation and media rights then?
Ally McMoist has already said that they would never agree to the club being stripped of titles. That's good enough for me then...time to issue that membership :rolleyes:
i take it the new co will need a new strip and team badge?
just wondering when they will stop wearing there current crap
Does Charles Green know where Brechin is? Seems a bit premature to be loading the bus for a game on Sunday!
"I'm really hopeful now that within the next 24 hours we can have this thing signed and sealed and Alastair can start loading his players on a team coach to go up and try to win a match on Sunday."
Charles Green, Tuesday 24th July 2012
Grant Russell @STVGrant
Further to Charles Green's claims on RangersTV earlier, SFA have told STV that Stewart Regan has no scheduled meeting with Green today:confused:
There is good precedent in Scot's law for stripping corpses of their effects, one example not far from Easter Road. In Lochend Park there is one of these notice boards with a bit of history of the area.
Seemingly at the beginning of the 17th century there was an attempted assassination of James the Sixth known as the Ruthven Conspiracy. The King survived , a few people were executed but the local landowners, the Logans of Restalrig although suspected of involvement were never tried for lack of evidence and the Earl Logan died a couple of years later and was interred in the family tomb in Leith.
More evidence was then found to implicate the deceased Earl so his corpse was removed from its tomb and taken to Edinburgh Castle and put on trial for treason. Not being in a position to put up much of a defence he was found guilty and all the lands of Restalrig were forfeited by the Logan family.
Legend has it a faithful servant of the Logans, Swally Mac of Oist, defended the family to the end , screaming he would never accept the forfeiture of the Logan's lands but nobody paid any attention to the fool who was interred in the bedlam in a town known as the Dear Green Place. :greengrin
Interview with Green today re latest at Rangers can be viewed here if anyone interested. :lolrangers:
http://rangerstv.tv/viewfree.php?it=...r=236678734985
http://www.pantheon.org/articles/h/hydra.html
:chop:
Where's Heracles when you need him?
http://sport.stv.tv/football/clubs/r...y-for-rangers/
And so it begins. £134m or so unpaid to large and small creditors. £14m PAYE withheld from HMRC. Money not paid to other football clubs. Punishments dodged or ineffectual.
Now they sign players we and most of the SPL can't afford. Something stinks in the state of Scottish football.
“@BBCchrismclaug: Following talks between #Rangers, SPL and SFA tonight, it seems the situation remains at deadlock. No further forward with SFA membership”
“@BBCchrismclaug: Sticking point in way of #SFA membership is #Rangers insistence that they are not prosecuted for dual contracts.”
Note the use of the word 'insistence'. Arrogant *******s. Unbelievable!
For me continuation of the dual contract investigation is even more important for "sporting integrity" than which division Rangers restart in. They've applied for a transfer of Rangers' SFA membership so they have to accept responsibility for past misconduct as well as claiming the history of past success. If they don't then there's no reason for clubs to follow any rules on player eligibility again.
I believe that Green will not be particularly concerned about the stripping of past titles. I'd expect him to concede that as a possible result of the investigation, and if McCoist is so upset that he resigns that will be a bonus, bringing a much needed reduction in the wage bill without a payoff being required. What will worry him is possible other punishments that could have an impact on his financial plans. I suspect that's what he's trying to get an agreement on.
Grant Russell @STVGrant
Further to Charles Green's claims on RangersTV earlier, SFA have told STV that Stewart Regan has no scheduled meeting with Green today
Someone's telling porkies.:wink:
That's simply awful! In all honesty most of what's come out of Ibrox for the last six months has been at the very least somewhat economical with the truth. To be fair Reagan and Doncaster have not revealed themselves to be totally credible or consistent in the course of this saga either.
Nonetheless the issue of possible double contracts is so central to any notion of sporting integrity and fair play that what little kudos the Scottish game possesses, would almost certainly vanish instantly.
What is particularly galling is that non-Hun's supporters seemed to have been content, if not happy to allow the SFA/SFL to conduct their enquiries with all the haste of a condemned man.
Yet still the arrogant cheating Hun's are not happy, I ask you?
http://www.thescottishsun.co.uk/scot...titles-KO.html
A FOOTIE official’s family received DEATH THREATS after it was revealed crisis-hit Rangers could be stripped of titles.
And he warned SPL bosses he would QUIT if they took back honours won by Rangers
no more threats McCoist....just do it ya ****** ned sh@t-stirring classless TW@T
I suspect the problem will be with the dual contracts is that once found guilty UEFA will pile in with sanctions that could see the zombiehuns out of European competition for a lot longer than the minimum 3 years they are at the moment.
:hmmm:Quote:
#SFA say decision on title stripping not been made but come aug10th #SPL committee will strip Rangers of titles & cups if CG accepts licence
One flew out of the cuckoos nest?
http://www.youtube.com/watch?v=GL8_J...eature=related
It's pretty simple Huns; if you want to keep your sectarian history, you're going to have to pay some pretty severe penalties, including signing bans, stripping of titles, big fines and european bans.
If you want to get away without any of those, then you need to start again and confine the history to just that.
Which part of Fat Ally's small brain doesn't get that? :rolleyes:
Neither UEFA or FIFA have taken much interest in the Hun fiasco so far, so I wouldn't hold my breath. In the general scheme of world football we are irrelevant.
All we can hope for is that the SFA/SPL stand firm and not allow the accused to dictate to the the judge and jury what the punishment should be.
IMHO it is increasingly likely that there will be no Rangers playing football next season. In a perfect world I would doubt if they would ever come back at all.
But this isn't a perfect world.
:rolleyes:
The Herald reports that the FA have instructed Southampton not to pay the Steven Davis to Rangers but to pass it to the SFA.
http://www.heraldscotland.com/sport/...newco.18237489
:greengrin
At least some good news there.
It is perplexing (stomach wrenching) that they are going to be allowed to sign players. They owe millions across Europe to clubs, claim they are the same entity, but won't pay up. They should be barred from all transfers until that money is paid back if they claim one bead of Rangers Football Club's 140 year sectarian history.
The fixture situation is no clearer from the BBC website.
The Rangers FC have fixtures against Brechin away (Challenge Cup) and East Fife at home (League Cup) but do not appear on the SFL3 Fixtures or League Table.
Even more puzzling is that Club 12 no longer feature on the SPL Fixtures although it still appears on the League Table. No mention of Dundee anywhere.
Dundee still appear on the SFL1 League Table but their first SFL1 Fixture against Dumbarton is listed as Postponed. Airdrie United appear in the SFL2 League table but not in either the SFL1 or SFL2 Fixtures. Stranraer also appear to be in limbo while appearing in the SFL3 League Table.
As I read things the only thing still to be decided is if Rangers will play in SFL3 or if they will be cast into the wilderness. Either way there is nothing to stop the SPL, SFL1, and SFL2 Fixtures being finalized. Not very professional given that the season starts in two/three weeks time.
I appreciated that fixtures will have to be adjusted in some cases to avoid Dundee and Dundee United being at home on the same day but that should not affect any of Dundee's away fixtures including that which should be happening two weeks on Saturday (away to Kilmarnock).