Generic Sevco / Rangers meltdown thread

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Originally Posted by SiMar

This is just the start. It's clear to everyone that a 'clean' Rangers (Oxymoron I know!) that retains Ibrox and Murray Park will, in the medium term, be an investment worth considering.

I fully expect a significant amount of interest in securing the assets and goodwill and Green will be left well out of the picture. There is also an intersting prospect of rival newco's being set up, each purporting to be the new Rangers and each attempting to get a hold of the assets...the picture being painted is one of a complete package being sold to a single investor or group but I see nothing stopping one investor gettign a hold of Murray park, another one Ibrox but neither actually having an interest in running a football club, that may be left to a third (or fourth) party to do and provide the rental income for the new owners of the physical assets.

Considering the above scenario it's patently clear the £5.5m figure is bolloc*s and a sale on the open market (sealed bids for the different parts by a set deadline would be very interesting!) would provide signifcantly more to the creditors.

I think Green's moaning yesterday was driven by the realisation his moment had come and gone and the chance to fill his troosers with cash off the back of Rangers was gone.

Lastly I don't see how any of this can be resolved in time for the new season and I think there is a significant chance there will be no Rangers at all in Scottish football next year. Now that would be a real shame.

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...Hey, keep me out of this - I was an innocent bystander enjoying the banter!

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Originally Posted by Caversham Green

The oldco will exist for some time yet - as CWG pointed out liquidations can take years to complete - it just won't have any assets. It will continue to be the SPL share owner until such time as a transfer is approved or it surrenders the share to the SPL board.

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:aok: thanks Cav saved me posting as you have...

Question to think about...could the SPL share not be considered an asset? (potentially very valuable) as Any NewCo (Greens / Wattys etc) will want RFCIA to vote Yes for it...that surely has a 'value' :greengrin...presumably its D&P who have that Vote as they still Administer RFCIA and they should act in best interest of creditors....so......

I actually feel sorry for Charles Green now. The media love in with Sir Walter Cheat and Ally McCrook will allow these sneaks to let others take the heat through administration and liquidation then step in and buy the club at a snip. He's being shafted as much as the creditors.

I truly hope they can sort out this mess very quickly. Scottish football needs to know what is happening, as they have a fixture list to publish very quickly. It would be terrible if Glasgow Rangers couldn't say what is happening, as the league would need to know that the club is on a strong footing before making any decisions about them.

For Rangers not to know where they will be playing next season will surely be disastrous. They've been selling a new strip and everything - it's not like a new team could just put those strips with their iconic badge on, if they weren't the same people.

The alternative is to tell them to come back at such point as they are stable again, and let another team into the league. Moan The Spartans!

This is becoming such a prolonged public mess that Rangers should face a further charge of bringing the game into disrepute.

The gloves are off for a right keelie fight for supremacy in the midden!

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Originally Posted by Brando7

Charles Green says the newco have applied for a place in the SPL but surely there is no vacancy if the original Glasgow Rangers are still in the league?????????. Should the administrators not first resign from the SPL to create a vacancy for the new club? Obviously if they were to resign, or be expelled, they would quite rightly not be able to vote on their replacement???

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Hope the New Club, ( not Newco ) has enclosed its 3 years certified accounts with the application or will Doncaster ignore the SPL rules again .

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Originally Posted by Spike Mandela

I actually feel sorry for Charles Green now. The media love in with Sir Walter Cheat and Ally McCrook will allow these sneaks to let others take the heat through administration and liquidation then step in and buy the club at a snip. He's being shafted as much as the creditors.

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Who's to say that the lot of them haven't stitched the whole thing between them?

This whole Walter Smith thingy really makes me boak.

They have sat on the sidelines awaiting the outcome of the CVA and now when Green & CO take the club through the process they try and turn the support against them so they can step in and get a debt free club on the cheap.

There are some seriously wealthy individuals backing Walter Smith and whilst there will be sanctions & possible embargo's etc I can see some serious money being pumped into the club and if the other SPL teams fail to throw them into the 3rd Division then I can see them coming straight back in and winning the title.

The thought of that happening after all the cheating & corruption that has gone would be bad enough, but the sheer gloating that would prevail from the hun masses would be stomach churning.

The other SPL clubs must for the sake of Scottish football vote NO to 'The Rangers Football Club' getting back in the SPL.

So we now have two rangers or one?

whose board does green sit on, just the newco?

does this mean the liquidators get the spl vote rather than duff and phelps?

surely if the Rangers are a new co then they shouldn't have any vote on who replaces them in the league ( thats if they do go bye bye and other league chairmen don't vote with their wallets)

common sense should prevail with the meeting on who can vote on who comes up.


I think this meeting will be a stitch up and, Rangers will not go down, that way the SFA can go to the FIFA and say they wanted this and that but that the other chairmen wanted to keep them in the SPL for the so called invisible financial benifits to the other SPL clubs. (THEY SAID THEY CANT LIVE OR FUNCTION WITHOUT THE FINANCE FROM THE RANGERS GATE RECEIPTS)

Aberdeen fans ahve submitted paper work to their board saying that just another 300 season tickets will make up the lost revenue from Rangers if they go down.

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Originally Posted by greenginger

Hope the New Club, ( not Newco ) has enclosed its 3 years certified accounts with the application or will Doncaster ignore the SPL rules again .

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Do I recall seeing somewhere that Green's bid was dependant on the club retaining it's SPL status?

Ya know, the more I think about it the more I worry :-/

I defo want no rangers in the SPL next year but

Looking at what Watties saying he has a grand plan
Take the punishment, get into SFL 3 and make yer way back up, 3 year European ban doesn't even register.
During those years you'll make loads of cash from a loyal support so that when you do hit the SPL again your gonna win, then it's Europe and with the cash that's come in over the previous 3/4 years v's the relatively low outgoings your now in a position to spend big and remain within the new financial FairPlay rules.... Putting them top of the pile across Europe.

CWG or someone PLEASE tell me this is a crock of sh*t? ..... (nicely)

:-(

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Originally Posted by bighairyfaeleith

So we now have two rangers or one?

whose board does green sit on, just the newco?

does this mean the liquidators get the spl vote rather than duff and phelps?

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:paranoid: Two. It's like a Dr Who episode: The Master is cloning them. New Murrays are being produced by the busload to take charge of these NewHun mini-pods. At some point (possibly on the 12th of July), they're all going to rip their masks off, and they're all going to look strangely like John Simms.....

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Originally Posted by s.a.m

:paranoid: Two. It's like a Dr Who episode: The Master is cloning them. New Murrays are being produced by the busload to take charge of these NewHun mini-pods. At some point (possibly on the 12th of July), they're all going to rip their masks off, and they're all going to look strangely like John Simms.....

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:singing: There's only four Andy Gorams.....

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Originally Posted by Hibees07

This whole Walter Smith thingy really makes me boak.

They have sat on the sidelines awaiting the outcome of the CVA and now when Green & CO take the club through the process they try and turn the support against them so they can step in and get a debt free club on the cheap.

There are some seriously wealthy individuals backing Walter Smith and whilst there will be sanctions & possible embargo's etc I can see some serious money being pumped into the club and if the other SPL teams fail to throw them into the 3rd Division then I can see them coming straight back in and winning the title.

The thought of that happening after all the cheating & corruption that has gone would be bad enough, but the sheer gloating that would prevail from the hun masses would be stomach churning.

The other SPL clubs must for the sake of Scottish football vote NO to 'The Rangers Football Club' getting back in the SPL.

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The analogy of the bully is evident. For years they've thrown their weight around, thick as two short planks, but still steal your dinner money without remorse. The head teacher (played by the SFA/SPL) is too scared ****less to tackle the problem, so it pervades. Finally, the victims have their opportunity to fix the bugger at long last. What will the 10 victims do ? Cower away sheepishly while the bully threatens them outside ?

So to the 10 chairmen who have an opportunity to do the right thing... I say....

Aye, fight and you may die. Run, and you'll live... at least a while. And dying in your beds, many years from now, would you be willin' to trade ALL the days, from this day to that, for one chance, just one chance, to come back here and tell the Huns that they may screw our clubs, but they'll never take... OUR SPORTING INTEGRITY ! :greengrin

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Originally Posted by oxymoron

...Hey, keep me out of this - I was an innocent bystander enjoying the banter!

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:greengrin

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Originally Posted by s.a.m

:paranoid: Two. It's like a Dr Who episode: The Master is cloning them. New Murrays are being produced by the busload to take charge of these NewHun mini-pods. At some point (possibly on the 12th of July), they're all going to rip their masks off, and they're all going to look strangely like John Simms.....

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strangely enough Sue,the episode of Dr Who that gave me the heebie geebies was the one(circa 1970)that involved a teddy bear,it climbed over the frontseat of a car,and strangled the driver.For a 6 inch bear,it scared the **** out of me.

aaaanyway.....the huns won't buy any season tickets till Green gives way to the soon to be sainted(:rolleyes:)Sir Walt.

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Originally Posted by jabis

strangely enough Sue,the episode of Dr Who that gave me the heebie geebies was the one(circa 1970)that involved a teddy bear,it climbed over the frontseat of a car,and strangled the driver.For a 6 inch bear,it scared the **** out of me.

aaaanyway.....the huns won't buy any season tickets till Green gives way to the soon to be sainted(:rolleyes:)Sir Walt.

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:wink: ....teddy bear. 'nuff said.

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Originally Posted by Sauzee 4

As it says on the tin

http://m.stv.tv/news/scotland/west-c...dministration/

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Rangers have signed up there 1st new sponsor for new season in the SPL
http://www.robot-food.com/wp-content...10/10/1001.png

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Originally Posted by The Falcon

Do I recall seeing somewhere that Green's bid was dependant on the club retaining it's SPL status?

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It was conditional on competing in all domestic competitions.

A Scottish Cup ban could scupper the deal.

What could force Green out is if the support fail to buy season tickets. They would run out of money very quick and open the way for Walter Smith.

The natives overby are bolstered by the Walter Smith consortium and in the space of a few hours they think they're calling all the shots. They are debating whether they should accept a place in the SPL and fight despite any sanctions, go down to the 3rd division and bankrupt as many clubs as possible or accept the compromise of a place in the 1st division. I hope enough club CEO's have the balls to put them in their place ...... Something tells me they won't.

The Rangers Supporters Trust has urged fans not to renew season tickets in a bid to put pressure on Mr Green to sell to Mr Smith's consortium.

:rolleyes: There will be scottish teams playing Euro matches before this gets resolved.........

Scotland Tonight special starting about it all on ITV.

So what is the new club (newco for short) called now ?

Rangers are dead so ? :confused:

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Originally Posted by NJ Hibee

So what is the new club (newco for short) called now ?

Rangers are dead so ? :confused:

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The Rangers Football Club

It's online too, quite funny already - I've missed so much news coverage living in London...

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Originally Posted by The Story So Far...

The Rangers Football Club

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Just heard that on STV - :jamboak:

Surely they will need to rebrand the stadium and kit they wear from now on ?

The leagues will still have just Rangers - it's like nothing has changed :rolleyes:

When is the SPL vote ? Has this been confirmed yet ?

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Originally Posted by The Story So Far...

The Rangers Football Club

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I thought their new name was gonna be Willem III :(

Zzzz this programme is just reminding me of why I hate them so much