Generic Sevco / Rangers meltdown thread

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Originally Posted by Spike Mandela

Oh oh.............I smell a rat.

http://scotslawthoughts.wordpress.com/

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He ignores a few critical points.

1. Like everyone else, he seems to assume a CVA will be easily accepted. Why will HMRC, Ticketus, or indeed anyone else, be happy with 7 or 8p in the £?

2. The sanctions already imposed on Rangers, assuming they stick, will surely transfer with the license to the newco.

3. Assuming the SFA and SPL roll over and allow this stitch up to happen, witness the legal challenges that will fly from the relegated club, and a gigantic boot with UEFA writ large on the sole coming down hard...

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Originally Posted by ScottB

He ignores a few critical points.

1. Like everyone else, he seems to assume a CVA will be easily accepted. Why will HMRC, Ticketus, or indeed anyone else, be happy with 7 or 8p in the £?

2. The sanctions already imposed on Rangers, assuming they stick, will surely transfer with the license to the newco.

3. Assuming the SFA and SPL roll over and allow this stitch up to happen, witness the legal challenges that will fly from the relegated club, and a gigantic boot with UEFA writ large on the sole coming down hard...

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unless i've picked it up wrong, he's assumed the deal goes thru late on the friday after spl/sfa offices are closed. In this case would the deal not be officially concluded /sanctioned until the next working day, in which case the team that played on the sunday would still be oldco ?
:confused:

SPL press conference expected shortly.

Is that a bell I hear tolling? :rolleyes:

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Originally Posted by Pitlochry hibee

:top marks


Although today there will be more than 4 horsemen at Hampden to decide their fate. All 10 of the SPL non OF clubs need to stand together now.

I believe that Conquest, War, Famine and DEATH won't be joined by the Huns favourite horseman, Orange, as the SPL decide/agree on future Financial Fair Play regulations and penalties for any club going into Liquidation/Administration.

A question for Warrington and Cheshire, did Neil Doncaster say the survey results would be on the table at the meeting today?

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Stuart Bathgate seems to think that when it comes to the crunch, some clubs will side with Rangers. HERE

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Originally Posted by JeMeSouviens

SPL press conference expected shortly.

Is that a bell I hear tolling? :rolleyes:

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Really???

That was bloody quick !

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Originally Posted by stokesmessiah

Really???

That was bloody quick !

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SPL meeting postponed 'til May :rolleyes:

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Originally Posted by BarneyK

SPL meeting postponed 'til May :rolleyes:

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Clubs apparently wanted more clarity?

Does that mean they are waiting to see if Rangers die or not?

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Originally Posted by stokesmessiah

Clubs apparently wanted more clarity?

Does that mean they are waiting to see if Rangers die or not?

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Probably not keen on the inevitable death threats that come with upsetting Ra Peepul - dancing to Huns tune.

Hampden meeting adjourned till May. IMO a good move. Re-convene when the Huns are dead.

No shock. Not a pair of balls between any of them.

i'm thinking this is a good thing, no idea why...i just think it is :)

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Originally Posted by cabbageandribs1875

i'm thinking this is a good thing, no idea why...i just think it is :)

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I am guessing that as TBK keep upping their offer by ridiculous amount (bottle o ginger and a pack ay crisps) that very soon the only bid that is going to be viable will be Bill Miller. He has said that he will only do it if there is no further sanctions, so with this running on it could put his bid in jeoprady?

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Originally Posted by stokesmessiah

Clubs apparently wanted more clarity?

Does that mean they are waiting to see if Rangers die or not?

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........or has Bill Miller got his deal?


We are about to see our 'authorities' roll over and get their tummies tickled.

Monday May 14 is Liquidation day.

Two weeks and counting......

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Originally Posted by PaulSmith

No shock. Not a pair of balls between any of them.

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:agree::agree::agree:

Hun reaction -

Instead of making a decision, they have shat it . Self interest is evident and could hopefully speed the process of a blue knights bid.

"SPL ****ting themselves, they now realize the financial power of our fans "

"Chairmen ****ting it in case they are in this scenario should we choose the Div 3 route?"

"Quite clear from Doncaster's comment that they desperately don't want to lose us from the league IMHO."

"Think they've shat it to be honest, especially after the SFA ruling. Push us too far and we head to Div 3 and leave them to die."

"they have bottled it pure and simple time to increase the pressure!!"

"Petrie wanted the meeting cancelled until they find out the outcome of our club. Bottlers"

Bottom line for me is it's a cop-out.

Has McCoist demanded to know why this has been delayed yet. Is this another nail in the coffin, has Sandy Jardine pledged to take sanctions yet...
Questions questions questions

The fact remains that Der Huns are in a position that does not look good and the SPL have, and in my view, done the right thing. They (spl) don't have all facts available to them and in any business or court for that matter, it has been adjourned...

Too many "if's but's & mibbies" for them to make an honest opinion, :agree: and I feel that was the right call :agree:

Let D&P decide where to go now, what option to take, lets be honest they have taken their time up till now :wink:

Your move D&P ......

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Originally Posted by H18SVG

Hardly the most reliable of sources but football rumours...........

30 Apr 2012 09:58:41
Tweeted today by Brian McInally of the Mirror:

Brian McNally ‏ @McNallyMirror

Some very good sources indicating the wheels of #Rangers liquidation are in motion & a statement may not be too far away.

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please let this be true.....

D&P even saying the other day that BK bid LESS than liquidation would produce for4 creditors....remember at some point they have to answer to the courts on hoiw they have served the creditors...

I'm hearing 11 clubs agreed to the proposed changes. 1 asked for an adjournment, to which all the others agreed. Apparently not 'The Ranjurs' though.

May they rust in peace.

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Originally Posted by green glory

I'm hearing 11 clubs agreed to the proposed changes. 1 asked for an adjournment, to which all the others agreed. Apparently not 'The Ranjurs' though.

May they rust in peace.

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wonder if The Tache would do that :rolleyes:...could be to see where we are heading after next couple of games...or could be knowing that D&P need certainty to get a sale done...uncertainty makes things worse for them

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Originally Posted by LeithenHibby

Too many "if's but's & mibbies" for them to make an honest opinion, :agree: and I feel that was the right call :agree:

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Tend to agree with that. Hopefully the BTC verdict will be in soon. If the Huns are found guilty of 10 years' worth of annual multi million pound cheating I think the mood will turn decisively against them.

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Originally Posted by down-the-slope

wonder if The Tache would do that :rolleyes:...could be to see where we are heading after next couple of games...or could be knowing that D&P need certainty to get a sale done...uncertainty makes things worse for them

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From my post below -

"Petrie wanted the meeting cancelled until they find out the outcome of our club. Bottlers"

OK it's just a quote from another fan's website but seems it could be true.

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Originally Posted by LeithenHibby

The fact remains that Der Huns are in a position that does not look good and the SPL have, and in my view, done the right thing. They (spl) don't have all facts available to them and in any business or court for that matter, it has been adjourned...

Too many "if's but's & mibbies" for them to make an honest opinion, :agree: and I feel that was the right call :agree:

Let D&P decide where to go now, what option to take, lets be honest they have taken their time up till now :wink:

Your move D&P ......

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What facts do they need.:confused: They are agreeing future sanctions for ANY club forming a newco or being in administration. Delaying the event just allows Rangers to form a newco without these sanctions being in place. They have quite literally shat it.

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Originally Posted by JeMeSouviens

Tend to agree with that. Hopefully the BTC verdict will be in soon. If the Huns are found guilty of 10 years' worth of annual multi million pound cheating I think the mood will turn decisively against them.

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Big time me thinks. We shall just have to hang tight for another day or two, maybe! :wink:

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Originally Posted by Spike Mandela

What facts do they need.:confused: They are agreeing future sanctions for ANY club forming a newco or being in administration. Delaying the event just allows Rangers to form a newco without these sanctions being in place. They have quite literally shat it.

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But you have to ask if making said rules when one of the member clubs is teetering on the brink is the correct environment to do so.

I would suggest that letting the Rangers fiasco play out and then sitting back down with the situaiton clarified and then laying down future rules makes a lot of sense. The fact is Rangers might not even exist to consider as a factor and that could only help in allowing the SPL to come to a clear and proper agreement that is not clouded by the immediate impact that would have on a member club.

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Originally Posted by Spike Mandela

What facts do they need.:confused: They are agreeing future sanctions for ANY club forming a newco or being in administration. Delaying the event just allows Rangers to form a newco without these sanctions being in place. They have quite literally shat it.

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And what facts do you have that "they shat it".

This thread is 213 pages long and god knows how many posts, that tells you everything you need really :wink:

It complicated to say the least. :agree:

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Originally Posted by SiMar

But you have to ask if making said rules when one of the member clubs is teetering on the brink is the correct environment to do so.

I would suggest that letting the Rangers fiasco play out and then sitting back down with the situaiton clarified and then laying down future rules makes a lot of sense. The fact is Rangers might not even exist to consider as a factor and that could only help in allowing the SPL to come to a clear and proper agreement that is not clouded by the immediate impact that would have on a member club.

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SiMar there are already mechanisms in place for transferring SPL share to a newco which is simply the 6 man SPL board backing it. What we are witnessing is this coming to fruition imo. No sanction, no fine, no points penalty, nada.

By the time the SPL make new rules the newco Rangers will be the wealthiest club in the country.

"All that is necessary for the triumph of evil is that good men do nothing"

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Originally Posted by SiMar

But you have to ask if making said rules when one of the member clubs is teetering on the brink is the correct environment to do so.

I would suggest that letting the Rangers fiasco play out and then sitting back down with the situaiton clarified and then laying down future rules makes a lot of sense. The fact is Rangers might not even exist to consider as a factor and that could only help in allowing the SPL to come to a clear and proper agreement that is not clouded by the immediate impact that would have on a member club.

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I think that it is called the 'Pontius Pilate' approach.

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Originally Posted by LeithenHibby

And what facts do you have that "they shat it".

This thread is 213 pages long and god knows how many posts, that tells you everything you need really :wink:

It complicated to say the least. :agree:

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Apart from 100 odd years of them rolling over and taking it Leithen the viewpoint is entirely my opinion and not fact, yet.:wink:

I see from today's "Scotsman" that Brian Kennedy is number 16 in Scotland's "rich list" with a personal fortune of £250 million while our very own Sir Tom Farmer is at number 33 with a measly £136 million.

:coffee: