Generic Sevco / Rangers meltdown thread

Ok. Can someone tell me where The Rangers stand just now re money, Ashley etc. Basically what's going on in simple terms... CWG?

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Originally Posted by CropleyWasGod

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.

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

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I think every number has some significance in Chinese culture.

I started working for my current employer on 8/8/88

The number 8 is a symbol of wealth and prosperity, and that's where it falls down!! :confused:

http://www.travelchinaguide.com/intro/lucky-number8.htm

Bagsy first post on the 1000th page.

Also predict a riot when poo hits the air conditioning
And predict at least another 1000 pages to go before this sorry little saga is over.


GGTTH

There shows my powers of initiation lol.


GGTTH

Or even intuition

GGTTH

What difference does it make if Ashley can appoint the Liquidator? Or whatever!

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Originally Posted by CropleyWasGod

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

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He already owns all the intellectual property associated with Rangers. The name, the badges, mascots etc.
Whoever tried to put a CVA together would have to deal with MA if the wanted the third club to be called Rangers.
He also has a security over all Land and Buildings except Ibrox. The ownership of all these assets is also still in dispute in the courts and likely to remain so for a while. Could make a CVA tricky.


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Originally Posted by Jack

What difference does it make if Ashley can appoint the Liquidator? Or whatever!

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Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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Originally Posted by Ozyhibby

Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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Another Duff and Phelps situation do you think??

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Originally Posted by Golden Fleece

Another Duff and Phelps situation do you think??

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More likely Bryan Jackson, just as happy to ignore the rules but seen as the saver of football clubs.

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Originally Posted by greenginger

More likely Bryan Jackson, just as happy to ignore the rules but seen as the saver of football clubs.

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More likely to be Keith Jackson :wink:

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Originally Posted by CropleyWasGod

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.

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

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Think we should Spinal Tap this up to 11.

Gonna call it now and say nothing will happen...

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Originally Posted by EdinMike

Gonna call it now and say nothing will happen...

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Canny see it myself either

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Originally Posted by Hibee87

Canny see it myself either

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It is fun while it goes on though.

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Originally Posted by EdinMike

Gonna call it now and say nothing will happen...

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Originally Posted by Hibee87

Canny see it myself either

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Have faith. Or at least enjoy the discomfort they are still experiencing.

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Originally Posted by Ozyhibby

Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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I thought as one of the conditions of the loan, or something else he gave them, that it is his decision who is selected for the role.

1000 pages and i've read every comment on every page.

just like to thak everyone for their contribution over the piece.. has been thoroughly enjoyable and with more gloom pending it'll only get better :aok:

I'm just waiting for the day this thread is closed and a new one started with a poll on "Should The The Rangers be allowed to join the Lowland league?"

anyone else remember how many pages the calendar signing thread got to?

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Originally Posted by IanM

1000 pages and i've read every comment on every page.

just like to thak everyone for their contribution over the piece.. has been thoroughly enjoyable and with more gloom pending it'll only get better :aok:

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:agree:

It has been one of the biggest stories that will occur in Scottish sport - ever - and has been fascinating from the moment there were rumblings and rumours that there was something happening right through the big L, the boardroom wranglings and on to the present day.

I'd also like to thank the knowledgeable posters who have kept us "laymen" informed on the finer financial and legal details.

And not forgetting everyone who has chipped in with opinion and conversation along the way, whether knowledgeable or not.

Hopefully this one has a good bit to run yet.

Rangers are obviously too big to go away forever, unfortunately.

However, they've got themselves into an awful mess and the ramifications of that will be felt by them for decades to come.

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Originally Posted by Dashing Bob S

Rangers are obviously too big to go away forever, unfortunately.

However, they've got themselves into an awful mess and the ramifications of that will be felt by them for decades to come.

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There is the possibility of them having a break from football if ownership of all the assets can't be brought together quick enough. :-)
Be a bit tricky claiming your the same club if you can't call your self Rangers, can't use the badge and have to play out of Hampden. They'll try though.

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I'll ask again... Can someone please tell me in simple terms what is going on at The Rangers? Are they close to Admin?!

https://johnjamessite.wordpress.com/...made-his-move/


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Originally Posted by Mikey09

I'll ask again... Can someone please tell me in simple terms what is going on at The Rangers? Are they close to Admin?!

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No-one outside of the company itself can answer your questions.

However, the circumstantial evidence of, amongst other things:-

1. the Court case involving the former players.

2. the Court case involving the current club and its former CEO.

3. their inability to raise funds

4. the fact that they have attendances of 40k every week, and can't afford to buy players.

5. their inability, or unwillingness, to repay a "mere" £5m loan.

6. their loss of the commercial income.

7. their horrendous accounts

points us in the direction that they have problems.

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Originally Posted by Mikey09

I'll ask again... Can someone please tell me in simple terms what is going on at The Rangers? Are they close to Admin?!

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All anyone really knows is that they are running out of cash fast and they need someone to give them between £3-5m to finish the season. This could be more if Charlie wins his case on the 12/13th Nov.
Whoever gives them this cash will never get it back and will receive no security over any assets in return. It will be a gift.
There may be someone out there happy to do that but I very much doubt it.


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Originally Posted by Ozyhibby

All anyone really knows is that they are running out of cash fast and they need someone to give them between £3-5m to finish the season. This could be more if Charlie wins his case on the 12/13th Nov.
Whoever gives them this cash will never get it back and will receive no security over any assets in return. It will be a gift.
There may be someone out there happy to do that but I very much doubt it.


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Quote:

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Originally Posted by CropleyWasGod

No-one outside of the company itself can answer your questions.

However, the circumstantial evidence of, amongst other things:-

1. the Court case involving the former players.

2. the Court case involving the current club and its former CEO.

3. their inability to raise funds

4. the fact that they have attendances of 40k every week, and can't afford to buy players.

5. their inability, or unwillingness, to repay a "mere" £5m loan.

6. their loss of the commercial income.

7. their horrendous accounts

points us in the direction that they have problems.

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nice one... Cheers lads. :aok:

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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Originally Posted by Ozyhibby

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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Hence the Legal Aid. :agree:

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Originally Posted by Ozyhibby

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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Wonder where he has stashed his assets?

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Originally Posted by hibs0666

Wonder where he has stashed his assets?

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Think there is only Ibrox left. ;-)


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@sitonfence: Has Phil Mac Giolla Bhain received a 'Cease and Desist' interdict from the shyster board?


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Originally Posted by Ozyhibby

@SkyNewsBreak: Former #Rangers owner Craig #Whyte has been declared bankrupt at the High Court in London


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Wealth definitely off the radar now. :greengrin

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Originally Posted by greenginger

Wealth definitely off the radar now. :greengrin

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Just for fun. :-)

http://www.dailyrecord.co.uk/sport/f...arebar_twitter




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Originally Posted by Ozyhibby

@sitonfence: Has Phil Mac Giolla Bhain received a 'Cease and Desist' interdict from the shyster board?


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That settles it, he can't be a Hun if he can bring himself to spell Phil's name.

btw, is it just me or are his ubiquitous "posit"s starting to grate as much as Phil's "Cunningham"s? :rolleyes:

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Originally Posted by JeMeSouviens

That settles it, he can't be a Hun if he can bring himself to spell Phil's name.

btw, is it just me or are his ubiquitous "posit"s starting to grate as much as Phil's "Cunningham"s? :rolleyes:

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Maybe it's the same guy?


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Originally Posted by Ozyhibby

Maybe it's the same guy?


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Was the identity of Charlotte Fakes ever established?

Scratch that, I've just found this from when I was on holiday.

http://www.gersnetonline.co.uk/vb/sh...med-By-The-Sun

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Originally Posted by CropleyWasGod

More to the point, we're on page 999, guys. Shall we just stop here? :cb

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It all depends on what your Posts Per Page settings are if you are on page 999 or not. I have mine set at 40 posts per page and a result I am on page 750.

If you want to change your PPP settings then:

1/ Click on Forum Actions
2/ Select General Settings
3/ Scroll down to Thread Display Options
4/ Select Number of Posts to Show Per Page
5/ From the drop down menu choose how many PPP you wish to display

Sad I know :greengrin

There's a fair few folk seem to be waiting with bated/fetid breath for Mike Ashley to do something, the Lying King desperate to goad him into ... well anything!

Big Mike has previous for saying ... well almost nothing.

Why should he?

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Originally Posted by Jack

There's a fair few folk seem to be waiting with bated/fetid breath for Mike Ashley to do something, the Lying King desperate to goad him into ... well anything!

Big Mike has previous for saying ... well almost nothing.

Why should he?

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I personally don't think Ashley will do anything. He will wait patiently for them to run out of money.


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https://johnjamessite.wordpress.com/...se-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

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Originally Posted by greenginger

https://johnjamessite.wordpress.com/...se-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

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Shame that wasn't post 30000. What a great way that would have been to start the 30000s

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Originally Posted by greenginger

https://johnjamessite.wordpress.com/...se-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

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Make them play in their vests and underpants...

Wonder when the wages are due.

For the older people amongst us ...

1001 cleans a big big carpet for less than half a crown!

That might explain King's reference to legal action being taken by Sports Direct.


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Originally Posted by greenginger

https://johnjamessite.wordpress.com/...se-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

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No chance that's true.

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Originally Posted by Antwerphibs

No chance that's true.

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Sadly not; the guy is spouting utter nonsense.

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Originally Posted by Antwerphibs

No chance that's true.

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You are right. The MSM would have reported it if it was true.

AFAIK, there's no such thing as a "Cease & Desist Interdict". An interdict can only be granted by a Court, and would be in the public domain.

There is a "Cease & Desist Letter". It is possible that this could have been issued. Anyone can issue such a letter.

Not for the first time, JJ's inability to get basic stuff right calls into question whether he has the substance correct.

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Originally Posted by CropleyWasGod

No-one outside of the company itself can answer your questions.

However, the circumstantial evidence of, amongst other things:-

1. the Court case involving the former players.

2. the Court case involving the current club and its former CEO.

3. their inability to raise funds

4. the fact that they have attendances of 40k every week, and can't afford to buy players.

5. their inability, or unwillingness, to repay a "mere" £5m loan.

6. their loss of the commercial income.

7. their horrendous accounts

points us in the direction that they have problems.

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So how come they are talking about strengthening thier squad in January Transfer Window Where are they getting the money for this ?




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Originally Posted by Ronniekirk

So how come they are talking about strengthening thier squad in January Transfer Window Where are they getting the money for this ?




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They don't need money to talk. :greengrin

They do need to talk, however, to promote sales of half ST's.

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Originally Posted by CropleyWasGod

AFAIK, there's no such thing as a "Cease & Desist Interdict". An interdict can only be granted by a Court, and would be in the public domain.

There is a "Cease & Desist Letter". It is possible that this could have been issued. Anyone can issue such a letter.

Not for the first time, JJ's inability to get basic stuff right calls into question whether he has the substance correct.

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http://simply-docs.co.uk/Intellectua...rdCBoCRBTw_wcB


Cease and desist letters seem to be used as a warning for infringements of copyright and intellectual property. Probable first step if SD are flexing their muscles.

.

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Originally Posted by greenginger

http://simply-docs.co.uk/Intellectua...rdCBoCRBTw_wcB


Cease and desist letters seem to be used as a warning for infringements of copyright and intellectual property. Probable first step if SD are flexing their muscles.

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I've asked him if that's what he means.

Not sure I expect a reply. He doesn't seem to like my questions. :greengrin

I'm sure there was a couple of comments on that blog a short time ago. Now they are all deleted. :confused:

He must have pressed delete all button .

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Originally Posted by Jack

For the older people amongst us ...

1001 cleans a big big carpet for less than half a crown!

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2/6d 😁

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Originally Posted by PatHead

You are right. The MSM would have reported it if it was true.

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Honestly, I think the complete opposite. No chance. Jackson kind of broke ranks this week in asking about the investment and when it'll happen. Then the statement...

The main commentators in the media are either just as blinkered as your average Rangers fan, who think all is barry with the Warburton revolution - there's an increasing number though who are starting to hear the warning bells. Or they're too limited to imagine a world where lightning could strike twice on the club/company operating/playing at Ibrox. Or they have their own editorial agenda or personal game they need to play.

Chick Young was absolutely certain Rangers will be in the SPL next year. I hope he's as right about that as he was about Scotty Brown's name being "whispered in the corridors of power at Ibrox"

The last place I think we would hear about a ****storm at newco from, is in the Scottish media.

How ferkin foolish is Craig Flannigan going to feel if the Huns go belly up? 😳

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Originally Posted by ehf

Sadly not; the guy is spouting utter nonsense.

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Can you explain what parts are nonsense and why please? I have no clue about the merits, or lack of them, in his blog but I am curious as to why they are "nonsense" ......

Did we ever replace him? Can't remember seeing anything.


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Originally Posted by PatHead

You are right. The MSM would have reported it if it was true.

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In the main the SMSM don't to investigative journalism. They simply report yesterday's news that you can access on the web the day before.
They also regurgitate what is fed to them, like the Daily Sevco eulogies in the Herald.

While I'm on here can someone answer a query? Given that Sevco shares are not listed, would it be possible for someone to come along now and buy shares from willing sellers to take over the club?

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Originally Posted by Brunswickbill

In the main the SMSM don't to investigative journalism. They simply report yesterday's news that you can access on the web the day before.
They also regurgitate what is fed to them, like the Daily Sevco eulogies in the Herald.

While I'm on here can someone answer a query? Given that Sevco shares are not listed, would it be possible for someone to come along now and buy shares from willing sellers to take over the club?

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I think so. It's just a bit trickier. I think that's their best hope of avoiding an insolvency event. It would need to be Ashley buying out everyone else as he is the only one with the cash.


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Originally Posted by Ozyhibby

I think so. It's just a bit trickier. I think that's their best hope of avoiding an insolvency event. It would need to be Ashley buying out everyone else as he is the only one with the cash.


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Yeah, but Ashley already owns a football club and was told by the SFA he was not allowed to buy a bigger stake in Sevco.

I think the SFA fined him £ 10,000 or something.

http://lmmx.co.uk/companies/profile/...ball-club-plc/


Rangers shares can be traded on this site bringing together willing sellers with willing buyers.

Not been any business since August when 750,000 or so were bought. Hopefully that was Rangers First and Rangers Trust emptying their coffers and reducing any funds that might be used to pay the running costs at Sevco.

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Originally Posted by greenginger

Yeah, but Ashley already owns a football club and was told by the SFA he was not allowed to buy a bigger stake in Sevco.

I think the SFA fined him £ 10,000 or something.

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The SFA would change the offside rule if they thought it would help new Rangers.


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Originally Posted by greenginger

http://lmmx.co.uk/companies/profile/...ball-club-plc/


Rangers shares can be traded on this site bringing together willing sellers with willing buyers.

Not been any business since August when 750,000 or so were bought. Hopefully that was Rangers First and Rangers Trust emptying their coffers and reducing any funds that might be used to pay the running costs at Sevco.

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I think Rangers First is only allowed to buy shares.


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Originally Posted by Ozyhibby

I think Rangers First is only allowed to buy shares.


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At the moment , but I think I read somewhere that there is a proposal to change their constitution and by January they will be allowed to make loans to the football club which will be converted into shares at a later date.

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Originally Posted by Ozyhibby

Did we ever replace him? Can't remember seeing anything.


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Whae?

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Originally Posted by CropleyWasGod

Whae?

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Our strength and fitness coach, Craig Flannagan who recently joined Rangers

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Originally Posted by greenginger

At the moment , but I think I read somewhere that there is a proposal to change their constitution and by January they will be allowed to make loans to the football club which will be converted into shares at a later date.

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Yes that looks like the route they are going to have to go down and if that goes through they are working tirelessly behind the scenes to get supporters clubs on board
I am no expert on this but from fans I have spoken to that have seen them through to this stage they will get behind whatever it takes to get them through the season so unless there is some other game changing event to pull the rug out from under them ,they will do what it takes to get promoted and income streams will increase .

How they deal with Mike Ashley and what he wants in the medium to longer term I have no idea but at some point this has to sorted out but King seems content to leave that for now as he clearly isn't going to dip into his own pocket to do that

Unless we can secure first place I don't see them being derailed from this


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Originally Posted by Billy Whizz

Our strength and fitness coach, Craig Flannagan who recently joined Rangers

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Cheers.

So many names, so many cowboys...

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Originally Posted by greenginger

https://johnjamessite.wordpress.com/...se-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

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No way, last time we lent out strips to a team from Glesca we never got them back. In fact they're still wearing them.

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Originally Posted by Ronniekirk

Yes that looks like the route they are going to have to go down and if that goes through they are working tirelessly behind the scenes to get supporters clubs on board
I am no expert on this but from fans I have spoken to that have seen them through to this stage they will get behind whatever it takes to get them through the season so unless there is some other game changing event to pull the rug out from under them ,they will do what it takes to get promoted and income streams will increase .

How they deal with Mike Ashley and what he wants in the medium to longer term I have no idea but at some point this has to sorted out but King seems content to leave that for now as he clearly isn't going to dip into his own pocket to do that

Unless we can secure first place I don't see them being derailed from this


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This is the bottom line. The progress and dominance of the team and the near certainty that they will get promotion won't be squandered. Money will come from somewhere to see them back in the Scottish Premiership. As for King and cronies, Green and Whyte and Mike Ashley, their circus will continue to entertain.

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Originally Posted by Hibrandenburg

No way, last time we lent out strips to a team from Glesca we never got them back. In fact they're still wearing them.

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Hahaha.

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Originally Posted by Hibrandenburg

No way, last time we lent out strips to a team from Glesca we never got them back. In fact they're still wearing them.

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Also didnt return the players that were inside the strips also. :greengrin

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Originally Posted by Jim44

This is the bottom line. The progress and dominance of the team and the near certainty that they will get promotion won't be squandered. Money will come from somewhere to see them back in the Scottish Premiership. As for King and cronies, Green and Whyte and Mike Ashley, their circus will continue to entertain.

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It never came last time?
It's a lot of money they need and it will take some time for those fans groups to get permission to use the cash they have (not enough anyway) for working capital.
All the will in the world won't trump arithmetic. They need someone to give them free cash that won't be returned and will offer nothing as security. And there is a good chance that all of it will go to Charles Green's lawyers or Mike Ashley.
They could go to the fans but they would then have to admit the trouble they were in and outline a credible plan to get out of it. And the fans won't be keen if they think it's going to Ashley or Green.
This could all end today if someone comes forward with the cash.


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Originally Posted by Brunswickbill

In the main the SMSM don't to investigative journalism. They simply report yesterday's news that you can access on the web the day before.
They also regurgitate what is fed to them, like the Daily Sevco eulogies in the Herald.

While I'm on here can someone answer a query? Given that Sevco shares are not listed, would it be possible for someone to come along now and buy shares from willing sellers to take over the club?

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Em, I'm pretty sure PatHead was being gently ironic with his comments about the MSM. As we know most Scottish reporters would struggle to find their own erchie in a darkened room never mind actually investigate Sevco!

Amusing little exchange on Twitter. Greenslade in the Guardian reported on the Daily Record here
http://www.theguardian.com/media/gre...record-rangers

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Originally Posted by Roy Greenslade

Daily Record football writers were stenographers for spin-doctors

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Here's the Daily Record on Craig Whyte in November 2010:

"Financial whizzkid Craig Whyte stands on the brink of pulling off the biggest deal of his life...
Record Sport understands self-made billionaire Whyte has entered into the final stages of negotiations to buy control of the club he loves from Sir David Murray...
A deal worth around £30million is now believed to have reached such an advanced stage that sources say Whyte, a high-roller who splits his time between a home in London and the idyllic Castle Grant in Grantown-on-Spey, could even have the keys to Ibrox in time to fund a major refurbishment of Walter Smith's top-team squad in January...
By the age of 26, Whyte was already Scotland's youngest self-made millionaire. Now, 13 years on, and in charge of a vast business empire, his wealth is off the radar."

Here's the Daily Record on Craig Whyte in October 2012:

"A private investigation commissioned for Rangers showed Craig Whyte had a record of tax avoidance, failed companies and double dealings – before he was sold Sir David Murray's majority shareholding...
The report, prepared by private investigators Titon, described Monaco-based Whyte as a 'fuyant' – French slang for an evader or manipulator.
It warned there was no evidence to back claims circulated by Whyte's spin doctors that he was a billionaire with plenty of cash to finance Rangers.
In fact, it said, there was no evidence he was even a multi-millionaire. The report talks of "the questionable source and extent of his reported wealth".

And here's the Daily Record on Craig Whyte in August 2014:

"The taxman was chasing Craig Whyte for £3.7million before he took over Rangers. HMRC focused on Whyte's personal finances and made several failed attempts to get him to pay his dues before, during and after his catastrophic reign at Ibrox...
Documents seen by the Record show:
* The authorities instructed debt enforcers to chase Whyte with a bill for almost £4million and threaten him with bankruptcy in May 2011, the same month that he bought Rangers...
* Yet when he struck the notorious deal with Ticketus for funds to finance his Rangers takeover, he gave the firm a personal guarantee he was worth nearly £33million...
At the same time he was able to run up a further £15million in unpaid taxes and penalties during his nine months in charge of Rangers.
Whyte had bought Rangers for £1 from Sir David Murray in May 2011, while agreeing to wipe out the club's £18million debts...
A sizeable proportion of Rangers fans still hold Murray at least partly responsible for the club's demise, arguing he should not have sold to Whyte, whose reputation had already been questioned."

Perhaps the fans should be holding the Record to blame as well. When the paper was reporting on Whyte's hyped wealth it failed to mention the fact that serious questions were being asked in the blogosphere about the veracity of his claims.
How could the Record know that Whyte was a billionaire with "a vast business empire" and wealth "off the radar"? And when it did know otherwise, why did it take so long to inform Rangers' fans? And why no apology to its readers?
Note that 2012 reference to spin-doctors, as if it was all their fault rather than that of the paper's journalists for accepting what they were told without checking.
The age-old problem of sports reporting was the willingness of journalists to act like "fans with typewriters" (or, nowadays, fans with laptops).
The reporting of the Rangers' saga over the past five years has been a classic example of reporters being no more than stenographers for PRs offering them stories they didn't care to verify.

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Asked for his comment, Keith Jackson replied

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it's a disgusting piece written by a man with a highly dubious agenda.

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Only idiots buy the Daily Record. It's a Rangers fanzine.


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Quote:

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Originally Posted by Ozyhibby

Only idiots buy the Daily Record. It's a Rangers fanzine.


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Not disagreeing but every hun I know think it is a celtc paper

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Originally Posted by Lucius Apuleius

Not disagreeing but every hun I know think it is a celtc paper

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They think it's still the same club. [emoji23]


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Originally Posted by grunt

Amusing little exchange on Twitter. Greenslade in the Guardian reported on the Daily Record here
http://www.theguardian.com/media/gre...record-rangers


Asked for his comment, Keith Jackson replied

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When the 'journalist' becomes the story it's all over. Nobody surely takes Keith Jackson seriously any more?

His twitter feed is hilarious. Claims he has redeemed himself since his puff piece and that he is only guilty of trusting his editor are the signs of a desperately delusional man.

Anyone still daft enough to read the Record for indepth analysis from back to front page deserve all the misinformation they get.

https://johnjamessite.wordpress.com/...-of-interests/


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Originally Posted by Ozyhibby

https://johnjamessite.wordpress.com/...-of-interests/


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His posts become more bizarre with each passing day. Would there really be a conflict of interests through a PR agency handling a football club and a betting organisation who wasn't the football club's sponsors? Really? And as for his thoughts on accounting policies ...

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Originally Posted by grunt

His posts become more bizarre with each passing day. Would there really be a conflict of interests through a PR agency handling a football club and a betting organisation who wasn't the football club's sponsors? Really? And as for his thoughts on accounting policies ...

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Are you able to challenge him ?

Every time I try, my posts disappear.



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Originally Posted by CropleyWasGod

Are you able to challenge him ?
Every time I try, my posts disappear.

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No I just come on here and criticise from the relative safety of hibs.net.

Philmac back with a new piece,


http://www.philmacgiollabhain.ie/a-thwarted-emissary/

According to Phil they've been down to Ashley HQ with the begging bowl, but got told to do one . :greengrin:greengrin:greengrin

Wings over Scotland getting in on the act. http://wingsoverscotland.com/the-mis...ph/#more-77565

Quote:

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Originally Posted by grunt

His posts become more bizarre with each passing day. Would there really be a conflict of interests through a PR agency handling a football club and a betting organisation who wasn't the football club's sponsors? Really? And as for his thoughts on accounting policies ...

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It's not specifically a conflict of interest but I can see where he's coming from. I'm assuming Sevco were Level 5's biggest client until now & 32 Red may be stepping in to that role. It's possible 32 Red would not have entered into the contract with Level 5 if that company's biggest client was still promoting a rival organisation. Why anyone would pay Traynor good money is however beyond my comprehension regardless of any competing interests!
PS, Level 5's website is interesting though sparse. Their main achievement seems to be boasting about how luxurious their offices are & filling the website with pix of chairs & more chairs! I would not have thought that the best way to convince clients to part with their hard-earned!

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Originally Posted by greenginger

Philmac back with a new piece,


http://www.philmacgiollabhain.ie/a-thwarted-emissary/

According to Phil they've been down to Ashley HQ with the begging bowl, but got told to do one . :greengrin:greengrin:greengrin

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It must be easy to spot the main players in all of this. They are surrounded by bloggers and their stringers :)

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Originally Posted by greenginger

https://johnjamessite.wordpress.com/...se-and-desist/


If this is true , will Hibs have to lend them a set of strips on Sunday ? :greengrin

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"Mr Lewis is without peer in sports tort litigation."

What's a 'sports tort'?

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Originally Posted by Hibayernian

"Mr Lewis is without peer in sports tort litigation."

What's a 'sports tort'?

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It's like a game pie, but sweeter.

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Originally Posted by CropleyWasGod

It's like a game pie, but sweeter.

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😂😂

http://images.tapatalk-cdn.com/15/10...fd5087f6c8.jpg

This is the intellectual property that Ashley owns. If, as alleged, he stops them using it, it's going to be hilarious watching them try to keep the same club nonsense going when they have a new name and new badge. [emoji23]


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Statement by Rangers FC on funding http://rangers.co.uk/news/headlines/update-on-funding/

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After careful consideration the Board has determined that it is not appropriate to proceed with a share issue and listing on the ISDX market until the criminal proceedings being brought against Charles Green, Imran Ahmed, Craig Whyte and others are concluded.

The Board is satisfied that from a financial perspective there is no short term requirement for the funding that would have flowed from a share issue and that any funds that may be required for the Group will be made available as and when required from the existing shareholder / lenders.

Dave King, Douglas Park, George Letham and George Taylor have reaffirmed their commitment to making further loan facilities available to Rangers International Football Club PLC (RIFC) on the same no fees and no interest basis as the existing loan facilities and have also confirmed the continuation of the existing facilities which they are providing to RIFC on the same basis.

The facilities to be made available more than cover the projected shortfall for this Season and beyond. The Board further understand that additional facilities can be made available as and when required for investment in the team. Any such investment will be reviewed on a case by case basis in accordance with prior statements.

The Group’s accounts will be circulated to shareholders for approval in the next few days.

The lenders have indicated that, at an appropriate juncture, they would be prepared to convert their loans into share capital. To facilitate this, a resolution will be presented to the AGM to permit shares to be issued by RIFC on a non pre-emptive basis. The Board would like to see this resolution passed but this is not a condition of funding being made available. The resolution will be a special resolution and would require the support of 75% of those shareholders voting at the AGM. The Board recognises that funding of the sort being provided by its shareholder / lenders would more naturally be made available as an equity investment and believes it would be in the best interests of RIFC’s shareholders if the loans could be converted.

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Originally Posted by grunt

Statement by Rangers FC on funding http://rangers.co.uk/news/headlines/update-on-funding/

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My guess would be that this (both the new loans, and the subsequent statement) have been prompted by the auditors. Without the finance, and the public commitment to it, the auditors might have been forced into qualifying the accounts.

That said, the accounts themselves will be interesting.

Quote:

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Originally Posted by grunt

Statement by Rangers FC on funding http://rangers.co.uk/news/headlines/update-on-funding/

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I wonder how johnjames and philmagobin will argue away that information. It pains me to say it but they don't sound like a club about to go into administration to me. In fact, they announced earlier today that they will sign five new players in January.

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Originally Posted by Jim44

In fact, they announced earlier today that they will sign five new players in January.

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Thought it was "no more than two".