Quote:
Originally Posted by greenginger
That's a link to a file on your own Computer, Ginger
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Quote:
Originally Posted by greenginger
That's a link to a file on your own Computer, Ginger
Quote:
Originally Posted by Hibayernian
Yeah, I bookmarked the download and when the first link did'nt work I tried my bookmarked page.
Did'nt work either.
I think Rangers First have been a bit more successful and have about £500k to invest in shares but have not been able to since the delisting. They would need to change their rules if they are going to just donate it to the club though, as buying shares just gives money to the seller. The club can't issue new share just now.
And £500k would only last about 10 days anyway.
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Quote:
Originally Posted by greenginger
It's all this new fangled technology mate, it's harder than people think
:wink:
https://johnjamessite.wordpress.com/...losive-rumour/
According to Johnjames the begging bowl is out.
Trouble for Sevco is , that to get the fans pledging big time, they have to admit its a crisis.
Did anyone see something in a tabloid newspaper this morning saying Craig Whyte is getting legal aid?
Just googled it and found thisQuote:
Originally Posted by Golden Fleece
http://www.dailyrecord.co.uk/news/sc...-whyte-6704006
Yep.Quote:
Originally Posted by Golden Fleece
AFAIK, he's been or is soon to be sequestrated. In that light, he's entitled to it.
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Rangers fans have wanted to do that to him for ages. Oh wait that's something else........Quote:
Originally Posted by CropleyWasGod
:greengrin
http://www.dailyrecord.co.uk/opinion...longer-6703468
Keith Jackson in the Daily ****** asking questions about where the money is going to come from.
All very low key, obviously don't want to spook the People.
"Rangers are no longer a freakshow...."Quote:
Originally Posted by greenginger
...so it's just an opinion piece.
All very gentle that. Second last paragraph is the most important.
'One thing is certain, Rangers require money from somewhere. And soon.'
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But he will be able to claim another sports reporter of the year award on the back of it. :rolleyes:Quote:
Originally Posted by greenginger
Quote:
Originally Posted by JimBHibees
Club spend £ 24 million, Club income £ 16 million = Deficit.
Is there a Nobel Prize for Arithmetic he could win. ? :greengrin
Preparing the ground for the Record to say we warned you all along that Dave King was a wrong 'un.Quote:
Originally Posted by JimBHibees
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He says in that article the shortfall will likely be met with soft loans from king and couple of other people.Quote:
Originally Posted by greenginger
That seems the likely scenario to me, no chance they'll go into admin again anytime soon imo.
There's more chance of them going into admin than of getting money from King IMO. The thing is, they've been looking for a loan from anywhere without success until now. Will King's buddies continue to divi up when the man himself & others obviously won't? How long do they continue to throw good money after bad? Lots more fun to come!Quote:
Originally Posted by bingo70
That article smacks of "I'm on your side, gonie let me in oan some o' yer secrets fir ma paper?"Quote:
Originally Posted by greenginger
"The truth of the matter is no-where near as dramatic. Yes, Rangers will need more money to get through the current campaign and that cash - probably something between £2m and £3m - will almost certainly come in the form of further soft loans from King and co-investors George Letham, Douglas Park, George Letham and George Taylor."
How does he know "how dramatic" the money issues are?
How does he know how much they need?
"Will almost certainly" sounds like "there is NO other option".
I could dissect the rest of the article along a similar vein, but frankly I've got better things to do with my time. :greengrin
Probably just preparing them for the begging bowl which is about to come out. It will be the first stage of MSM campaign for more money.
King is entitled to minimise his own exposure and try every other avenue first, before putting in more of his own cash. Does he have a few mill to put in? Who knows, but he's certainly bragged about his wealth enough.Quote:
Originally Posted by brog
However, this is undeniably a long way from the 'over-investment' he promised when he was battling to gain control of the club.
Are there not issues with the "mobility" of King's cash?Quote:
Originally Posted by jacomoseven
I seem to remember there being issues (tax-related?) with his wealth being based in South Africa and the difficulty he would have bringing it to the UK?
A very very low key piece which sounds to me like it's straight from Rangers PR and is preparing the readership of this Rangers fanzine for some sort of strategy announcement in the next week or so.Quote:
Originally Posted by greenginger
It will probably announce another raft of 'investment' from King (ie a loan) but somewhere stuck in the flowery blurb will be some way of the fans putting in their money.
I think they are skint.
Quote:
Originally Posted by Smartie
Think the problem with the "mobility" of the cash is he doesn't have it anymore. If he did have it he would have known about the problems in getting money out of South Africa. Remember this guy is a glib and shameless liar.
They're gearing up to ask The People (aka Real Rangers Men) to stump up some cash. Thing is, there's no way that they'll be able to fund the running of The Rangers from the pocket money of a few of their fans - or at least not in the long run. When King came in, he made it clear that the club needed serious investment.Quote:
Originally Posted by Spike Mandela
Funny, many of the bloggers who have been panned over the last few months/years have made the same point: it's a loss making business with no credit line. King said he would "over invest" but there's no money coming forward. The likes of Jackson now asking gentle questions is a bit late. Day one when King came in, they should have been asking these questions: what's the plan, where's the investment going, how will ends be met... but no, instead we've just had the fawning media and the Warburton Revolution (TM) and the infiltration of puff pieces that Level 5 PR Ltd have approved of.
They are skint. Depending on what happens with Cheerful Charlie, they might find that fans are simply pouring money in to pay Green's legal bill.
Similarly if they do raise some cash from soft loans(soft in the head more likely)any future share issue is going to be hard going if it's just going to be used to pay back the loans.
http://www.philmacgiollabhain.ie/an-...-radar-crisis/
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I think the stock response is usually "he's got an agenda". Strangely, though, I kind of trust MacGiollabhain to be at least asking the questions that journos like Jackson are only now just beginning to hint at.Quote:
Originally Posted by Ozyhibby
Ive no idea who this guy is, or how credible he is. BUT if he is correct and the rangers don't pay their full wages what is the punishment MEANT to be for this?
I seem to remember after hearts and the first rangers (r.i.p) saga the rules were changed and there was sanctions against if it happened, and if it occurred concurrently then it was worse each time. :confused:
Rule E19 Club in remuneration default is not allowed to register players until default has been resolvedQuote:
Originally Posted by Hibee87
spfl.co.uk/docs/067_324__therulesofthespfl_1375800603.pdf
Ah right cheers, knew it was something :aok:Quote:
Originally Posted by Brunswickbill
No dough at Sevco, or there is no dough at Sevco, NOOO DOOUGH AT SEEEVCO or there is no dough at Sevco!!!!
Now THAT is a perfect song for Sunday. Their cash has disappeared quicker than Scott Allan's first team chances.Quote:
Originally Posted by Thecat23
Yep, the cash does seem to be vanishing and pretty quickly too.Quote:
Originally Posted by southsider
Whoop. I see the 'Phil Ma Gab' random phrase generator has churned out another missive.Quote:
Originally Posted by Ozyhibby
Stenographers. Highly placed source. Cunningham (why, FFS, why?)
There are several sentences that I just don't understand. For example, is he saying that Rangers have or have not set aside money for tax bills, because the words and the tone are at cross purposes.
That last bit had me confused as well.Quote:
Originally Posted by jacomoseven
I think he is saying that they have set aside tax money. Either he or JJ has referred in the past to an "escrow" account for tax monies.
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I can't believe this is still going
http://www.bbc.co.uk/sport/0/football/34653785
Seems glib and shameless has been writing a few strongly worded letters to Sports Direct - that'll teach them to mess with him.
Wonder if he asked them to waive the £5m loan. What a hypocrite criticising anyone business ethics.Quote:
Originally Posted by Benny Brazil
Quote:
Originally Posted by Benny Brazil
"I have sent letters to Sports Direct in my capacity as a director of Rangers Retail Limited taking them to task for poor business practices and corporate governance failures."
King is an expert in that field.
Mike Ashley will be really, scared at being sent a letter.
National broadcaster releases PR statement on behalf of TRFC shocker... you can't buy exposure like that. I mean, they were using Level5 PR to get mentions from friendly journalists to pump season ticket sales but from what you read, they just can't afford that anymore. Thank god for public broadcasting!Quote:
Originally Posted by Benny Brazil
Karma is a bitch. Don't know when it was in the paper but love it.
https://scontent-lhr3-1.xx.fbcdn.net...02&oe=56D0198D
http://www.dailyrecord.co.uk/sport/f...g-says-6717065
Diversionary tactics by King. Get the mob to rage against Ashley instead of their Chairman.
My thoughts exactly.Quote:
Originally Posted by greenginger
Quote:
Originally Posted by Spike Mandela
JohnJames is not impressed either. :greengrin
https://johnjamessite.wordpress.com/...tart/#comments
All they now need is John Brown outside the stadium on the steps letting the crowd understand who they should seek out and attack. "Who are emmm this person, we should be know"Quote:
Originally Posted by greenginger
https://www.youtube.com/embed/NsnSLSZevoY
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King had one eye on the pot and the other up the chimney (and seems to talk a load of peggish.)Quote:
Originally Posted by Ozyhibby
http://www.philmacgiollabhain.ie/time-difference/
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Haha pretty much... Hopefully this is lining up the "a big boy done it and ran away" excuse.Quote:
Originally Posted by O'Rourke3
IF this is the case and they haven't got a pot to pish in, the blazers will be bricking it. How would they handle an insolvency event? Expect hilarious contortion acts as TRFC/SFA/Media finally make an argument that they're a new club after all and should have only a 15 point deduction, not a 25 point one if it were the case that they're the same club as the pre-2012 edition.
Doncaster himself said they are the same club... I wonder if his position would change if it looked like they weren't going to be "getting back to where they belong" in the top league any time soon.
Here is the relevant rule:-Quote:
Originally Posted by steakbake
Where a Club, whether owned and operated by the same or a different Member, suffers or is subject to an Insolvency Event which results in a deduction of points in terms of these Rules and within 5 years of the date of such Insolvency Event suffers or is subject to a further Insolvency Event which is not part of the same Insolvency Process as the Insolvency Event then suffered, the points deduction applicable in terms of Rules E1 in respect of that second or further Insolvency Event, shall be 25 points with the 15 points in Rules E2 and E3 being 25 Points
The highlighted bit, IMO, is the damning bit.
Remember too, that there would be a 25 point penalty the following season as well. :greengrin
I know from fans involved that there have been meetings to galvanise the biggest Rangers Supporters Associations and try to look at ways of the Rangers Trust raising more money so they clearly are needing investment and not getting it you would assume so turning to the fans ,hence the media profile to turn fans even more against Ashley and then appeal to those fans to save the club by putting in money . can't see them I wanting to incur penalty points and take their chances in the play off ,unless they are confident enough to think they will be more than twenty five points ahead of us at end of the season
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Which is all very well but it's a bit hard to raise money from the fans when they know it's just going to fund Charlie's legal team.Quote:
Originally Posted by Ronniekirk
Say what you like about Phil Macgiollabhain, but this does appear to be following the narrative set out in his blog.
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A highly placed source has confirmed to me that a mild tremor was recorded in North London this week. Stenographers ascribing this to Mike Ashley quaking with fear at the contents of a letter sent by Mr David Cunningham King would have to be marked as erroneous.Quote:
Originally Posted by Kato
It was in fact caused by Ashley laughing so hard that his bellies haven't stopped shaking.
Once again, dear readers, I am so far in the lead on this story it almost hurts.
Or fat Sally demanding full transparency:greengrinQuote:
Originally Posted by O'Rourke3
Chuckie Green already went to the well with his share issue.Quote:
Originally Posted by Ronniekirk
The Rangers fans might feel betrayed at the lack of promised 'over-investment'.
Just a couple of reasons why a new share issue might fall down.
I think it's pretty clear by now that King saw an opportunity to take control of Rangers on the cheap. He reckoned on promotion to the top flight + sold out Ibrox to fill the club's coffers.
It clearly hasn't worked out like that. Question is, can he find the money to cover the shortfall?
Unlike the German polis in Young Frankenstein starting a riot is bad for his media career. Thats all he has now as football wont touch him.... Thats why it needs to be Bomber. Too stupid to careQuote:
Originally Posted by Lago
Sent via the bushes @ EM
Some interesting discussion in the comments section of the linked blogs where there seems to be a rift between Level 5 PR (James Traynor , formerly Minister for Propaganda at Ibrox and the Daily Record) and Sevco. Seems the huns decision to cut back on spending has meant money splashed on luxuries such as Level 5 has been cut right back/stopped completely. Even some talk of Level 5 still being owed money by Rangers.
As Rangers appear to be virtually their only client (from a quick recce of the Level 5 website) it will be interesting to see if anything that Traynor knows that could discredit the current Rangers Board leaks out in the near future. I would assume he knows where the bodies are buried.
Possibly but I assume that Traynor would be bound by client confidentiality clauses.Quote:
Originally Posted by Greenblood70
Think I've left most folk in no doubt.....:greengrinQuote:
Originally Posted by Ozyhibby
He's a spoofer.
Perhaps, but him and JJ over at Ibrox more or less reach the same conclusion. The rangers need money fast. The 3 bears and DCK seem unwilling or unable to throw more cash down the black hole. Another rights issue whilst the on-going court case looms is a non starter. The new nomad promised by DCK has vanished. MA has them over a barrel and foolishly DCK seems to want to pick a fight with him. Perhaps trying to gloat him into calling in his 5m loan which would result in insolvency. "Bad, bad MA, he shut us down. I did my best guys but its his fault."Quote:
Originally Posted by AndyM_1875
Have JJ's credentials been verified in any way? Clearly he's a keen observer of all things Newco, but is he even a Rangers fan?Quote:
Originally Posted by southsider
I think he's definitely a Rangers supporter, nobody goes to the lengths he has as a wind-up.Quote:
Originally Posted by jacomoseven
He has it in for King with what can only be described as a pathological obsession .
Celtic supporter living in England apparently.Quote:
Originally Posted by jacomoseven
Now he's crediting a Hibs supporter for reporting King flying in for a secret meeting.
https://johnjamessite.wordpress.com/...board-meeting/
Doesn't really matter. His info has been generally sound (although his arithmetic, not so much).Quote:
Originally Posted by jacomoseven
He has an agenda, like Phil Macgiollabhain, but at least it is out there in the open. If they were telling fibs it would be very easy for Rangers to stop them.
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They will also be aware that the Rangers support effectively were sleepwalking when they ended up in their previous mess.Quote:
Originally Posted by greenginger
Anyone who criticised them was jumped on as being anti-Rangers.
I think that this time they are collectively less likely to take things on face value from whoever happens to be in charge at the club.
The way this chap goes on though one suspects that King has pumped his good lady.
I think it matters because, as we know from the Hearts admin fiasco, even well informed observers can easily add 2 + 2 and end up with 5.Quote:
Originally Posted by Ozyhibby
There is endless speculation that Newco are in financial difficulties, but as far as I can tell, little genuine insider knowledge being leaked to those outside observers.
Think it is based on the sums not adding up looking at income and anticipated outgoings but mainly the glib and shameless one not coming up with the money he promised before he took over.Quote:
Originally Posted by jacomoseven
In both their old and new forms, Ra Gers have been shafted before and maybe Ra peepil aren't all taking it at face value..
Does all this mean that whoever is fourth must finish more than 25 points in front of Rangers in the event of an insolvency to prevent them going up?
I definitely fancy us to be in front of them should they be deducted 25 but what about Falkirk, Raith, St Mirren?
Interesting to speculate.............
Best thing those teams could do is start taking points off Newco, so they are well positioned should any insolvency event occur.Quote:
Originally Posted by Famous Fiver
No. They only need to finish 1 point ahead of them [emoji6]Quote:
Originally Posted by Famous Fiver
What you mean is they need to have won less than 25 points less than Rangers to shut them out of the play offs.
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Depends if they also lose players. There may not be enough money in the pot to run an admin, especially as it would need to last as long as the court case. May go straight to the big L?Quote:
Originally Posted by Famous Fiver
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Even in an administration, they would likely lose players.Quote:
Originally Posted by Ozyhibby
I think an administrator would try to keep things going for the rest of the season. An early sale of ST'S would be the first step.
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Just a laymans opinion, but I think there would be too many variables to encourage an early take up of STs...The need to get through the play-offs with a weakened side...would they even get back to the top league in this scenario? The shock to their tiny wee minds that they're not 'overinvesting' to get back there. The realization for the majority of them that glib and shameless is exactly that. Not many will be reading the blogs and will be unaware of the true situation...all they can see is their team riding high in the league. Asking them to dip into their pockets again might be a step too far. I'm hoping for an early xmas present in the shape of what Ozy is suggestingQuote:
Originally Posted by CropleyWasGod
If they didn't at least attempt an early sale of ST'S, they wouldn't reach the play offs. As Ozy suggested, it would be the big L and they would have to stop trading.Quote:
Originally Posted by Jack Hackett
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An early sale of season tickets creates new creditors which I'm not sure they are allowed to do? Would they not cancel this years tickets and go pay at the gate to try keep the lights on?Quote:
Originally Posted by CropleyWasGod
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Quote:
Originally Posted by Kato
What is it they say about people that look down and to the left when telling you something....... oh I peggish just about covers it.
Think you're right. Did they not do that before?Quote:
Originally Posted by Ozyhibby
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IF I remember rightly the yams didn't sell next seasons tickets for that reason.Quote:
Originally Posted by CropleyWasGod
A Celtic crazy stalked by Rangers craziesQuote:
Originally Posted by jacomoseven
http://images.tapatalk-cdn.com/15/10...f8a0cb9288.jpg
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A body language expert might say he's lying.Quote:
Originally Posted by BIGK
Herald today with a piece slagging Mike Ashley. Although it's ostensibly about Sevco's finances and MA's role in this, it doesn't mention any of the real problems looming on the horizon for the zombie club. Mainly talks about how he has messed up Newcastle FC. Softening up the follow followers for what's to come and making ready to lay the blame at MA's door possibly?
They won't be able to escape the fact that if MA was in control there is zero chance Rangers would go to the wall.Quote:
Originally Posted by Brunswickbill
It's only because Dave King forced him out that new Rangers are now in trouble.
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You're not the first to suggest that, and I share that opinion. MA has been the big bad wolf for a while now, and it will get worse.Quote:
Originally Posted by Brunswickbill
Will he care? :cb
As a follower of Newcastle United .. I would suggest that he probably won't .. :rolleyes: .. in fact, I would go so far as to suggest that he reads these articles with a cheeky grin on his face .. :greengrinQuote:
Originally Posted by CropleyWasGod
If rangers were to go pop, remind me of what Ashley would "own"Quote:
Originally Posted by CropleyWasGod
I'm presuming this is what he would have secured against his loan?
Quote:
Originally Posted by Billy Whizz
He is owed £5m, which is secured against various assets. In the event of their sale, the first £5m would go to him.
He would be entitled to take possession of them, I think, but (and this is where my legal knowledge is sketchy) probably only where the value was less than £5m. That's like a bank repossessing a house in the event of a defaulted mortgage.
ATM, I've no thoughts as to which would be better for him.
More to the point, we're on page 999, guys. Shall we just stop here? :cb
Quote:
Originally Posted by CropleyWasGod
King could be trying to goad Ashley into pulling the plug on Sevco.
They are in default of the £ 5 million loan agreement. SD were meant to have 2 reps. on the Board and the AIM registration had to be maintained, so a receiver could be appointed to collect the funds required for repayment.
If they are beyond saving better to get a patsy to pull the trigger.
I don't think it will work though, Ashley has thick skin.
Could be wrong, but can't see Ashley forcing them under, would be unbelievable bad publicity for Sports Direct, or does he view all publicity as goodQuote:
Originally Posted by CropleyWasGod
Could be good marketing to appeal to the other 95% of modern forward looking Scotland by doing what the politicians and football authorities couldn't or wouldn't do and rid the nation of this scar on it's image?Quote:
Originally Posted by Billy Whizz
Quote:
Originally Posted by CropleyWasGod
Naw, getting to 1,000 would be grand.
Dont stop now - the really good part could be just around the cornerQuote:
Originally Posted by CropleyWasGod
Is this the first thing on p. 1,000?
Damn.
I think it's bubbling under very nicely. Looks like King is getting a little desperate. I am expecting a call out soon for 2nd half season tickets.
I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.Quote:
Originally Posted by Golden Fleece
The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.
So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.
:cb
Quote:
Originally Posted by CropleyWasGod
Almost up to page 1000 already!
:flag:
Are we there yet?Quote:
Originally Posted by spike220
Oh come on!!!