I see Warburton's odds for the Fulham and QPR jobs have shortened.
Now 6th favorite for Fulham at 12/1, and 7th for the QPR gig.
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I see Warburton's odds for the Fulham and QPR jobs have shortened.
Now 6th favorite for Fulham at 12/1, and 7th for the QPR gig.
I can see him leaving sooner rather than later...all this guff about 50000 reasons to stay blah blah blah is just paper talk and if there is no serious investment in January, he'll be back down to London as quick as David Cameron was when visiting during the referendum!!!
Rangers First are to offer the club a soft loan. Given that they collect money to buy shares, they probably should be having a vote on this. It would pass but it's a sign of how desperate they are that they are bypassing this small technicality.
They are estimated to have about £500k.
They obviously don't want King to do his over investing this season. [emoji3]
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Why would they need to mump such a comparatively small amount off this group when King is overinvesting from his billions?
Love the advert above the story flogging discount headstones - wonder if someone is having another laugh at the deceased teams expense.
The weegie evening rag also has this story.
http://www.eveningtimes.co.uk/sport/...owdown/?ref=ar
Jack Adamson ? will he be a big loss and are we due compensation ?
I started a thread about this when story first broke in Ibrox Noise . The consensus seemed to be jack who ? And if memory serves me right his contract hadn't been renewed which allowed them to snap him up for nothing
My point at the time was he was a player that Stubbs had mentioned as being a potential first team player within a few years so presumably would of looked to have kept him .Time will tell if he is one that got away ,but it sounded like he might of been one of the players to bridge that Dissconnect between development squad and first team
So for me it was an indication Rangers know they need to start bringing
through thier own players ,and getting greater value from Murray Park ,but they are taking shortcuts by snapping up the best of youngsters from other clubs .
:agree:
They'd be better keeping their money to buy TRFC ltd from the carcass of RIFC when it goes down the pan. BDO might be doing asset sale #2 in a year or so as well. :wink: In the long term some kind of fan owned New New Huns seems the likely end game I think.
Dave King has really pulled a fast one here. Talks about 'over-investment' (he's done nothing of the sort) and makes Mike Ashley the bad guy.
Are the Huns bright enough to work it out?
Right Ozy - at the ready Ashley vs The Rangers just starting now. Tweeting allowed.
And they're off ...
James Doleman @jamesdoleman 44s44 seconds ago
MASH are asking for judicial review of SFA decision to grant Dave King "fit and proper" status and on his fine from SFA
The Evening Times article mentions that fans will be looking for King to invest now, the Daily Record article yesterday also didn't "big up" King or talk about any investment other than in the headline.
I wonder if the 3 Bears are now writing the script for the succulent press and we will start to see cracks in the relationship with King. Have they seen through him now. Maybe getting a plan in place in case King goes to jail?
Oooh ...
James Doleman @jamesdoleman 40s41 seconds ago
Judge, Lady Wolffe minded to grant judicial review requested by Mike Ashley. Dates now being discussed
James Doleman @jamesdoleman 5m5 minutes ago
Counsel for SFA says they have "no duty to provide explanations" to Mike Ashley.
James Doleman @jamesdoleman 4m4 minutes ago
Counsel for SFA asks for hearing on 11 December were he will move to dismiss Mike Ashley motion, " no need to put it off"
James Doleman @jamesdoleman 3m3 minutes ago
Counsel for SFA " I hardly need to remind you of difficulties Rangers, and Scottish football have faced" adds "this uncertainty must end"
James Doleman @jamesdoleman 2m2 minutes ago
Counsel for Dave King rises, says he is "happy to adopt SFA motions" asks for "end to uncertainty" and "expidited hearing"
Awww, poor The Rangers. SFA disgust me
James Doleman @jamesdoleman 3m3 minutes ago
Counsel for SFA " I hardly need to remind you of difficulties Rangers, and Scottish football have faced" adds "this uncertainty must end"[/QUOTE]
and whose fault is that? Almost as brass necked as The Rangers these *******s at the SFA.
Just a thought about Dave King. If he gets banged up on his contempt charge in the London Courts will all the days he spends doing porridge count as days in the UK.
The HMRC could visit him inside and hit him with a UK tax assessment .
Anyone read that Grant Russell tweet on 'mora' ?
Is this the SFA defence "why did you not say something at the time ?"
https://mobile.twitter.com/stvgrant/...12617265463297
http://spfl.co.uk/docs/067_324__arti...1375800575.pdf
page 24, section 94 I think is the Fit and Proper person criteria, not sure if any were bent or broken for King as I not had the time to read it yet
James Doleman @jamesdoleman 15m15 minutes ago
Lady Wolffe rules she will hold 2 day hearing on 11 Feb Rejects SFA/King motion for preliminary diet in December
James Doleman @jamesdoleman 4m4 minutes ago
Consensus in coury is that today was big win for Mike Ashley. SFA/King motion for quick dismissal rejected, will now be substantive hearing.
Apologies chaps, had stuff to sort out for the wee man's school.
Appears to be a solid win for Ashley with the SFA defence that they don't have to explain themselves to anyone let alone the likes of him.
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Always enjoy a read of this thread & the links attached.
There are some bright people posting on here so thanks for taking the time to contribute so others can follow what's going on.
I have a Q for said contributors:
TRFC will desperately want to splash out in the window now they have a title race on their hands. Given everything that's going on do you think they have the ability to invest..? Or is it contingent on X,Y,Z happening..?
The SFA about to be hauled into court to explain part 374 of their Hun-at-all-costs strategy of rule bending *and* supposedly-a-Hun blogger John James gets through an entire article without positing anything! Happy days. :greengrin
https://johnjamessite.wordpress.com/...-omnishambles/
:agree: The very latest, up to date evidence that they don't really care what the ordinary fans want, many of us want to know why King is fit and proper (not to mention his predecessors). The SFA response reeks of an old boys club, looking internally and sucking up to a chosen few with a view to keeping their personal gravy train rolling.
Hopefully a judge who will not be influenced by traditions and dubious customs and practices.
We can only go on what's in the public domain.
Their recent accounts said that they needed £2.5m to get to the end of the season, and that the first tranche of that would be needed in December. How much that tranche is, and what it's needed for, we don't know.
We also don't know whether they have built in a contingency for losing the case over CG's legal fees, and how much they've budgeted for their own legal fees... which just got bigger this morning. :greengrin
So...on the back of all of that.... I'm thinking aloud here.... "without selling a couple of players, WTF would that money come from?"
Rangers First have said that they "might" give them £500k..... but that's very wooly.
Anything else, such as the possible boardroom changes which may lead to more investment, is speculation IMO
Without external finance, no chance.
The plan was probably to have a share issue round about now but with the ownership of the former Huns' assets likely to be in dispute for possibly years to come, that's a non-starter. So, possible sources of external finance:
- King, notable for the absence of ponying so far and probably can't get money out of SA even if he has it.
- Ashley, might've been a go-er if King had gone crawling immediately post-takeover. Instead he grandstanded and pissed Ashley off. Smart move, Kingy. :wink:
- 3 bears, have already produced substantial amounts of "soft loans" plus most of the cash to fund the takeover in the first place. These guys are rich but not super rich. They may provide enough to keep the lights on to protect their investments but that's probably about it.
Which leaves ...
- Mug Hun punters, as suggested in today's Evening Times. Expect them to be fleeced for all they're worth but that might be more of a lights-on sub than a transfer chest.
To summarise, think the Warbster will have to sell if he wants to do any buying. Should be a piece of piss for a whizz kid ex-City trader, no? :cb
I am no expert but it does seem that King is just doing what the previous regime did and continually borrow bits here and there to try and get them through to the end of the season
and promotion and hole of more money coming in then However unlike the last regime he has courted the support and got a significant number back on side and is now fleecing or getting loans from Rangers First and still hawking himself around the Trusts and And other bigger Supporters organisations presumably trying to get soft loans from them given share issue for supporters is on back burner
I don't think King bargained for Ashley being so difficult to deal with but he is persisting with his strategy to make him the bad guy and persuade fans not to buy merchandise in hope presumably of brining him back to the table for discussions to renegotiate contracts in Rangers favour and somehow paying Ashley off ,but that doesn't appear to be working so at the very least you would
think the three bears will be looking at what s happening and questioning the current strategy .
No doubt more twists And turns to come ,but the more we can cast doubt they might not win the Leaugue ,the more disharmony behind the scenes there will be .
All that arrogant talk of them winning the Leaugue like hearts did last year ,and rightfully taking thier place at the top of Scottish football which has struggled without thier leadership ,is coming home to roost .What was it they said We only need five new players to add to this squad ,and we will be challenging Celtic next season .The fans lapped it up at the start ,but some that I know have been worried for a while now that they needed to strengthen squad ,and how they would achieve this in January .
It will be interesting to see what they do and how this all plays out , I had assumed they would just find a way to keep the show on the road till they were promoted but cracks are appearing and nobody knows the exact situation .
The Heirachy of Scottish Football must be wishing Ashley had never invested in Rangersas it's clear he is prepared to take them on as well and they probably hasn't bargained on that .
I'm betting that Mike Ashley would see Rangers Retail go bankrupt before being forced back to the negotiation table by anybody.
Spectacular mis-calculation by King, who probably assumed that Sevco would get promoted last season and would now be challenging Celtc for the Premiership.
Reminiscent of Craig Whyte betting the farm on qualifying for the CL group stage.
https://johnjamessite.wordpress.com
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This whole saga is so reminiscent of the Murray last days/administration/liquidation/problems with Whyte/Green/et al.
If this was a series on tv you would be saying that it mirrored the first series and was now boring as you knew what was going to happen.
The only difference is you have a new character Big, bad Mike who you can't work out how he will show his hand.
The longer this goes on the more I think it could end up in administration as Big, Bad Mike can't just take the club due to the SFA rules.
Unless there is a change in rules forced by someone?
From John James:-
“By my calculation there are now 6 ongoing cases involving Rangers FC.”
James Doleman, who was at The Court of Session this morning, has offered a Twitter prize for those who can name all six. I can name six. There is the Green/Whyte criminal case; Green’s costs case; Ashley’s interim injunction; King’s contempt of court hearing on 9th December; a two day Judicial Review of the SFA’s decision to approve a career criminal as ‘fit and proper‘ and a damages suit by former players who missed out on holiday pay.
-------
That is going to cost Sevco a lot of money in lawyers fees on top of the £2.5m they need to finish the season, the £400k for LNS plus any costs associated with losing some of the above cases.
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Here's my effort
Sevco’s other fixture list -Court cases relating to Sevco
7-11 Dec 2106 Crown V White, Green and cronies – fraudulent acquisition of Oldco Preliminary hearing. London
9 Dec 2015 Ashley V King Contempt of Court for breaching gagging order. Chancery Court London
4 Feb 2016 Ashley V SFA Judicial Review of SFA fine of £1000 for dual ownership / undue influence on Sevco board. Court of Session
11 Feb 2106 Ashley V SFA Judicial Review of King being declared a fit and proper person. Court of Session
Date? Hearing on Interdict stopping Sevco AGM considering Resolution 11.
Date? Decision on Green’s claim on Sevco to pay his legal fees.
Date? Appeal on Big Tax Case. Await decision by BDO
Date? Worthington Group / Law Financial claim on Sevco assets.
Date? Employment Tribunal to hear claim for holiday pay by 2 Former Sevco players. Could be 5 figure sum to 4 ex-players if successful
Open to correction by anyone TK.
That last one, there are 12 players due outstanding money and it's believed to be a 6 figure sum. Only 4 are pursuing it through court but if they win then I think Sevco have to pay them all.
This is a clear remuneration default that the SFA have chosen to ignore as its their club.
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I was just sitting here wondering what actions/stance the SFA would be taking were it NOT the Hun involved in all these court-cases ?. After all, it's not really good for the image of our game, one club being perpetually involved in disputes/legal-actions etc.
Another thought occurred as well, I wonder if there's any danger, if all these legal-actions escalate, of their infamous 'Secret 5-way agreement' with the Hun being revealed ?. Now THAT would be a doozy were THAT to come out !!!
Ive read a few times about this 5 way agreement, what is this? I have no idea :confused:
Agreement between SFA, SPL, SFL, Old Huns and Sevco.
It basically paved the way for Sevco to take over the Old Huns SFA membership and be admitted to SFL division 3 in exchange for taking over the "football debts" of the Old Huns and the punishments they were given for entering administration (fine and transfer embargo although the latter was almost completely neutered by moving it to after the transfer window). It also gives various guarantees to Sevco that they won't inherit any further punishments given to the Old Huns over EBTs etc.
I'm sure there at least draft copies floating about if not the full thing.
Thanks guys, no even going to attempt to figure it out.......but surely someone should make mr ashely aware, if he has any grumblings about the SPFL/SFA/Whoever passed King as fit and proper im sure he could get his lawyers to find some dodgyness in there :thumbsup:
A draft copy was release by Charlottefakes a few years ago.
It was an agreement between Rangers (in liquidation) / Sevco / SPL / SFA / SFL.
Basically it said that if R(IL) or Sevco didn't take SPL/SFS/SFL to court, then they would not punish R(IL) or Sevco for EBT's or wrongful player registrations.
Seems to explain quite a lot these days......
The SPFL/SFA don't hold monopoly is passing some right dodgy geezers as 'fit & proper'. In no order, The FA and EPL have given the green light to:
Cellino - Leeds Utd
Shinawatra - Man City
Antonov - Portsmouth
Yeung <sp> - Birmingham City
I could list another handful in the lower leagues and these are only recent cases.
Details of today's case,
https://lefthooked.wordpress.com/201...l-association/
Interesting piece to towards the end,
Complaint against King that he had caused RFC to borrow from third parties and in doing so revealed the details of the confidential agreement between RFC/RangersRetail/Sportsdirect.
Now , could this be some other borrowing that we have not heard about. Three bears loan was well before the secrecy injunction.
The SFA do not have a leg to stand on especially if they show up at court with a defence of 'it's none of your business'.
If they lose, Ashley could sue them for the millions he has lost since Dave King was allowed in by them.
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RFC now demanding that every Court in Scotland has a Rangers end.
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"Orange order in court"
What do you call a Rangers director in a suit?
The same as one not wearing a suit, 'the Accused'!
Everything seems to be, so far, not going well for the Hun court-wise. I just can't believe 'ra peepil' have allowed the courts to deteriorate to such a level where there's a danger they might get courts\judges who aren't in 'the order' - is LNS one of the few remaining ?.
Seems it's not only on the football-pitch that their influence is waning !
Clumpany's post was interesting on how the SFA's argument yesterday was that "Scottish football" (aka Rangers) was being damaged by this.
They have a criminal lack imagination on how to run the game.
Murray - Crook
White - Crook
Green - Crook
King - Crook
Am I the only one to see a pattern here.
If their financial difficulties get any worse, they'll have to change one of their chants.......
"We are the Paypal"
http://m.heraldscotland.com/sport/14...um=twitterfeed
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