Generic Sevco / Rangers meltdown thread

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03-05-2012, 12:45 PM
jgl07

The situation at Darlington has some comparisons with Rangers:

http://www.bbc.co.uk/sport/0/football/17926586
03-05-2012, 12:50 PM
Moulin Yarns

Quote:

Originally Posted by jgl07

The situation at Darlington has some comparisons with Rangers:

http://www.bbc.co.uk/sport/0/football/17926586

The difference appears to be automatic expulsion with their eventual place being determined by the FA.

I would like to see the same here with Rangers, but the rules are not in place to do that, as far as I know.
03-05-2012, 12:55 PM
Spike Mandela

Quote:

Originally Posted by JeMeSouviens

They can only do what they like with the complicity of the other clubs, including ours. :rolleyes:

Clearly Bill Miller has been given back room assurances. Any notion that the SFA and SPL are continuing discussions with Miller is a pretence for media spin.

It also gives the SFA the chance to 'act tough' and keep the transfer embargo in place for the old company but let them transfer their share to the newco. It's like the bank repossessing your house but giving you a shiny new one mortgage free to live in.
03-05-2012, 12:57 PM
Part/Time Supporter

Quote:

Originally Posted by Spike Mandela

Clearly Bill Miller has been given back room assurances. Any notion that the SFA and SPL are continuing discussions with Miller is a pretence for media spin.

It also gives the SFA the chance to 'act tough' and keep the transfer embargo in place for the old company but let them transfer their share to the newco. It's like the bank repossessing your house but giving you a shiny new one mortgage free to live in.

D&P say he hasn't. The reason they were able to nominate him was because he dropped his demand for assurances.
03-05-2012, 01:03 PM
CropleyWasGod

[QUOTE=H18SVG;3208274]

Quote:

Originally Posted by Jack

I think an magical part of the timeline was when Hibs signed Claros after they failed to meet his [his agent/club whatevers] demands.

I think that was a huge wake up call for the follow followers who believed before that they were invicible.

I’m still not too concerned that they’ll be in the SPL next season.

Its all too obvious they have cheated everyone and everything they’ve touched. UEFA will be over this like a rash. Assuming Wild Bill Pickup even gets as far as shelling out a dime.[/QUOTE]

That's just it, Bill Miller has won the right for exclusive access to documents relating to the finances of Rangers FC, he then has to decide if he goes ahead with that knowledge gained.
The Old Co has to have a CVA agreed or go bust
The New Co has to compete with the players that agree to stay or with under 18's
The New Co has to gain access to the SPL
The New Co can't qualify for european football for three years
Creditors will be out of pocket

Really simple

And all the time a clock is ticking.....
03-05-2012, 01:07 PM
down the slope

If wild Bill goes ahead and buys Rangers what happens to the big tax case especially if the findings go against Rangers, does it matter if is announced before or after he commits to buy ?.
03-05-2012, 01:10 PM
Spike Mandela

Quote:

Originally Posted by Part/Time Supporter

D&P say he hasn't. The reason they were able to nominate him was because he dropped his demand for assurances.

Yeah right PTS................and in other news D&P announce that Elvis is alive and well living in a tenament in Constitution St.:greengrin
03-05-2012, 01:13 PM
down the slope

This from the BBC website just now.

1406:
BBC Scotland correspondent James Cook"The administrators say they understand Bill Miller has assurances that #Rangers will continue in the SPL with no further points deductions
03-05-2012, 01:25 PM
johnbc70

Quote:

Originally Posted by down the slope

This from the BBC website just now.

1406:
BBC Scotland correspondent James Cook"The administrators say they understand Bill Miller has assurances that #Rangers will continue in the SPL with no further points deductions

Scandalous if true. Death of Scottish football, proves the league is rigged to benefit only 2 clubs.
03-05-2012, 01:25 PM
JeMeSouviens

Quote:

Originally Posted by down the slope

If wild Bill goes ahead and buys Rangers what happens to the big tax case especially if the findings go against Rangers, does it matter if is announced before or after he commits to buy ?.

2 answers to that.

1. Legally, no, it matters not a jot.

Wild Bill's Newco is buying the assets of Rangers Oldco. Wild Bill's Newco will get Rangers Oldco's SPL share (unless the rest of the clubs, including ours, suddenly grow a backbone). Wild Bill's Newco will be playing football next year.

Rangers Oldco (the current entity) will be left in administration with either a large debt or a ****** massive debt (depending on BTC), no stadium, no players, no league place, not playing football or indeed, doing anything.

Wild Bill claims he will attempt to get Rangers Oldco out of admin at some unspecified future time by agreeing a CVA and then merge them with Newco.

Everybody and their auntie knows this is next to impossible and when the fuss dies down, Newco are ticking along in the SPL and everyone is looking the other way, Rangers Oldco will be quietly liquidated.

2. Politically, on the other hand, the BTC coming in before Miller takes over might just be enough to rouse public opinion firmly against a stitch up. Faced with the public outcry over the Huns being found guilty of 10+ years of cheating, it's conceivable somebody in a position of power in Scottish football or within the SPL clubs might actually do the right thing and stop this travesty in its tracks. Not holding my breath but you never know.
03-05-2012, 01:26 PM
Judas Iscariot

Quote:

Originally Posted by ScottB

Well they won't matter, as they will presumably try and saddle any and all punishments on to the old club. I'd have thought penalties would be attached to the license rather than the company, but I can see that happening.

So old Rangers will have its fines added to the creditors list, and a totally meaningless 12 month transfer ban, plus whatever gets added on for the dual contracts, while new Rangers carry on where they left off, in fact, stronger than where they left off, buying players and splashing the cash as they like.

It reeks, and I for one won't go near the SPL again.

Why punish Hibs for this?

I dont know why so many people are willing to walk away from the SPL then in turn Hibs due to this shambles!

Our club hasn't done anything wrong, every single Scottish football fan outside the Hun should be walking out on the SFA, Scottish national team etc etc not their own clubs..
03-05-2012, 01:29 PM
hibsbollah

Quote:

Originally Posted by down the slope

Rangers will continue in the SPL with no further points deductions

[/COLOR]

In other news; a scientific study has found that bears search out woodland areas for the purpose of defecating.
03-05-2012, 01:31 PM
Beefster

Quote:

Originally Posted by Judas Iscariot

Why punish Hibs for this?

I dont know why so many people are willing to walk away from the SPL then in turn Hibs due to this shambles!

Our club hasn't done anything wrong, every single Scottish football fan outside the Hun should be walking out on the SFA, Scottish national team etc etc not their own clubs..

The club need to speak out on this when it is certain that a newco will happen. By staying silent, they're as complicit as the rest of the SPL.
03-05-2012, 01:33 PM
green glory

I think this is pretty much a gamble. Without RFC Doncaster's SPL is finished. Trying to call everyone's bluff now I think. Time for the other clubs to walk from the SPL. Time for Hector to push that big red button.
03-05-2012, 01:34 PM
JeMeSouviens

Quote:

Originally Posted by Judas Iscariot

Why punish Hibs for this?

I dont know why so many people are willing to walk away from the SPL then in turn Hibs due to this shambles!

Our club hasn't done anything wrong, every single Scottish football fan outside the Hun should be walking out on the SFA, Scottish national team etc etc not their own clubs..

Our club could put a stop to this. Issue a rallying cry for sporting integrity and guarantee that we will vote against a stitch up at every turn. Challenge other clubs to do the same. The support would be right behind them. Other clubs supports would demand that their club followed suit.
03-05-2012, 01:35 PM
JeMeSouviens

Quote:

Originally Posted by Beefster

The club need to speak out on this when it is certain that a newco will happen. By staying silent, they're as complicit as the rest of the SPL.

There is a concrete preferred bid on the table. Therefore, there is something to comment on right now.
03-05-2012, 01:38 PM
jgl07

It appears to be time to put Scottish Football out of its misery.
03-05-2012, 01:39 PM
green is good

I really don't get how they can start a newco AND keep the oldco going but still be in the SPL with no points deduction. :confused:
03-05-2012, 01:40 PM
ScottB

Quote:

Originally Posted by Judas Iscariot

Why punish Hibs for this?

I dont know why so many people are willing to walk away from the SPL then in turn Hibs due to this shambles!

Our club hasn't done anything wrong, every single Scottish football fan outside the Hun should be walking out on the SFA, Scottish national team etc etc not their own clubs..

Well we shall see, if Hibs vote with the herd and welcome Rangers back with open arms, then yes they have done something wrong.

At this juncture, merely particpating in this farce, and the 'rebel 10' continuing to play in the SPL is very much particpating, is, for me, wrong. It is the will full support of a company that has cheated us all out of £100million, in a league that is, without a shadow of a doubt, rigged. It won't be sport anymore, it will have all the integrity of WWE and I will have no interest.

At the least I expect a Hibs statement decrying it, but we will no doubt be as silent and subservient as the rest.
03-05-2012, 01:40 PM
Judas Iscariot

Why isn't there such a call for a "boycott" of all things SFA then?!

National Team(s), Cup Competetions etc etc
03-05-2012, 01:41 PM
green glory

Quote:

Originally Posted by JeMeSouviens

Our club could put a stop to this. Issue a rallying cry for sporting integrity and guarantee that we will vote against a stitch up at every turn. Challenge other clubs to do the same. The support would be right behind them. Other clubs supports would demand that their club followed suit.

We'll see if the SPL chairmen have big enough balls on Monday. Remember them talking about starting a new league as part of the SFL with anyone wanting to join being welcome? Remember also the SFA talking about setting up a new Scottish National League? The SFL are meant to be announcing something today.

SFA and all clubs other than Rangers v SPL/Rangers battle looming?

I hope so.
03-05-2012, 01:41 PM
Spike Mandela

Quote:

Originally Posted by Judas Iscariot

Why punish Hibs for this?

I dont know why so many people are willing to walk away from the SPL then in turn Hibs due to this shambles!

Our club hasn't done anything wrong, every single Scottish football fan outside the Hun should be walking out on the SFA, Scottish national team etc etc not their own clubs..

Because the league is dead, sporting integrity is dead, there is absolutely no point in watching our club frugally living within their means while cheats prosper. I for one couldn't stomach watching Rangers become the wealthiest, debt free club in the SPL then continue to watch our journeymen overturned by their latest high profile new signings. it is already heavily weighted in their favour without this fiasco. Unless RP announces a policy of financial reckless abandon for Hibs in the hopes of acheiving a Hibs Newco what is the bloody point.

Sooner or later every single one of us has to reach a point where it is a matter of principle and a case of doing the right thing. If Rangers come out of this unscathed I no longer will want anything to do with the SPL and will take steps to cancel my season ticket and if it can't be done I will take the hit for one year but certainly won't be back.
03-05-2012, 01:50 PM
jgl07

Quote:

Originally Posted by green is good

I really don't get how they can start a newco AND keep the oldco going but still be in the SPL with no points deduction. :confused:

They start the Newco and transfer all the assets to the that entity. The debts remain with the Oldco under the control of the administrators.

They get the nod from the SPL.

Meanwhile they try to organize a CVA with the creditors and get hold of Whyte's shares.

Once the Oldco is out of administration they merger the two companies thus retaining Rangers' 'history'.

If they can't arrange a CVA the Oldco is liquidated but they are still in the SPL.

The Newco will gain entry to the SPL before the FFP regulations have been voted through so they will be exempt from any of them.
03-05-2012, 01:53 PM
green glory

Quote:

Originally Posted by jgl07

They start the Newco and transfer all the assets to the that entity. The debts remain with the Oldco under the control of the administrators.

They get the nod from the SPL.

Meanwhile they try to organize a CVA with the creditors and get hold of Whyte's shares.

Once the Oldco is out of administration they merger the two companies thus retaining Rangers' 'history'.

If they can't arrange a CVA the Oldco is liquidated but they are still in the SPL.

The Newco will gain entry to the SPL before the FFP regulations have been voted through so they will be exempt from any of them.

But how can you transfer the assets of the club when CW still has 85% of the shares?
03-05-2012, 01:55 PM
Gingertosser

BBC Scotland correspondent James Cook
"Administrators say they understand #Rangers will retain all previous titles and continue in SPL with no points deductions."

I think Spartans better start building a new stand for next season, I still need my football fix, but it won't be with the SPL.
03-05-2012, 01:58 PM
johnbc70

#RIPScottishfootball
03-05-2012, 02:00 PM
JeMeSouviens

Quote:

Originally Posted by green glory

But how can you transfer the assets of the club when CW still has 85% of the shares?

It's not a transfer, it's a sale. The admins have the power to sell the company's assets.
03-05-2012, 02:00 PM
jgl07

Quote:

Originally Posted by green glory

But how can you transfer the assets of the club when CW still has 85% of the shares?

They 'persuade' him by leaving the Oldco as a shell which is totally worthless. They can slip him a few quid for his shares as an alternative to liquidation where he would get nought.
03-05-2012, 02:01 PM
Andy74

Just the other week the majority of Hibs.net was trying to pesuade Hibs to vote against measures which would have led to real sanctions for any Newco...

Well, Rangers walking straight back in is what you then get.
03-05-2012, 02:03 PM
Haymaker

A new company should start at the bottom.

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