Generic Sevco / Rangers meltdown thread

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Originally Posted by LeighLoyal

They are not the same club, the company incorporated in 1899 died with £60m worth of unpaid debts, plus an unquantified tax liability, and that company's business "Rangers FC" died with it, it was wound up and all it's history came to an end in 2012. Furthermore, UK insolvency law says: if a new company is formed using assets bought from an old liquidated company, for the purpose of operating the same type of business, it is a NEW company and a NEW business venture. For newco 2012 that means it is a new football club and not the same as the one that played in the spl. Anything else would
mean insolvency law is a meaningless legal instrument, which it is not, so Sevco, newco, T'Rangers are not Rangers FC, except in their wee bigoted minds.

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Amen!

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Originally Posted by LeighLoyal

They are not the same club, the company incorporated in 1899 died with £60m worth of unpaid debts, plus an unquantified tax liability, and that company's business "Rangers FC" died with it, it was wound up and all it's history came to an end in 2012. Furthermore, UK insolvency law says: if a new company is formed using assets bought from an old liquidated company, for the purpose of operating the same type of business, it is a NEW company and a NEW business venture. For newco 2012 that means it is a new football club and not the same as the one that played in the spl. Anything else would
mean insolvency law is a meaningless legal instrument, which it is not, so Sevco, newco, T'Rangers are not Rangers FC, except in their wee bigoted minds.

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:top marks

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Originally Posted by jonty

Sentimental claptrap. The club is not a fictional element of the fans combined will. It is an entity run by a bunch blokes who strive to gain any advantage over other clubs. They cheated, were found out, and punished.

The fans can try and kid themselves on, but RFC is dead.

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A lot of stuff surrounding fitba is sentimental claptrap. I don't think that is a bad thing. :greengrin

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Originally Posted by LeighLoyal

They are not the same club, the company incorporated in 1899 died with £60m worth of unpaid debts, plus an unquantified tax liability, and that company's business "Rangers FC" died with it, it was wound up and all it's history came to an end in 2012. Furthermore, UK insolvency law says: if a new company is formed using assets bought from an old liquidated company, for the purpose of operating the same type of business, it is a NEW company and a NEW business venture. For newco 2012 that means it is a new football club and not the same as the one that played in the spl. Anything else would
mean insolvency law is a meaningless legal instrument, which it is not, so Sevco, newco, T'Rangers are not Rangers FC, except in their wee bigoted minds.

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I do get that argument. I would be taking the same line as the Rangers fans if it ever happened to Hibs though, no matter what the lawyers and suits said.
It is fun to tell them they ain't the same club though.:greengrin

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Originally Posted by marinello59

A lot of stuff surrounding fitba is sentimental claptrap. I don't think that is a bad thing. :greengrin

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Tell that to the poor kids who have no clothes, no heating and xmas presents because dad bought shares (different club, same sentimental claptrap)

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Originally Posted by marinello59

I do get that argument. I would be taking the same line as the Rangers fans if it ever happened to Hibs though, no matter what the lawyers and suits said.
It is fun to tell them they ain't the same club though.:greengrin

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If it ever happens to Hibs, I'll cross that bridge when I come to it. until then...... :greengrin

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Originally Posted by LeighLoyal

They are not the same club, the company incorporated in 1899 died with £60m worth of unpaid debts, plus an unquantified tax liability, and that company's business "Rangers FC" died with it, it was wound up and all it's history came to an end in 2012. Furthermore, UK insolvency law says: if a new company is formed using assets bought from an old liquidated company, for the purpose of operating the same type of business, it is a NEW company and a NEW business venture. For newco 2012 that means it is a new football club and not the same as the one that played in the spl. Anything else would
mean insolvency law is a meaningless legal instrument, which it is not, so Sevco, newco, T'Rangers are not Rangers FC, except in their wee bigoted minds.

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Quality post.:not worth It's such a shame the Neanderthals will never get it.

Interesting if true.


@AgentScotland: Dean Shiels will be allowed to leave Ibrox for nothing if he can find a club, still has 3yr on £7k p/w so unlikely he'll move without payoff

@AgentScotland: Ian Black would also be allowed to leave tho still has over £1m in potential wages to collect from Ibrox which he wont get anywhere else

Anything AgentScotland says has to be taken with a pinch if salt, although money is getting tighter at Grayskull so wouldn't be too surprised.

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Originally Posted by green glory

Interesting if true.


@AgentScotland: Dean Shiels will be allowed to leave Ibrox for nothing if he can find a club, still has 3yr on £7k p/w so unlikely he'll move without payoff

@AgentScotland: Ian Black would also be allowed to leave tho still has over £1m in potential wages to collect from Ibrox which he wont get anywhere else

Anything AgentScotland says has to be taken with a pinch if salt, although money is getting tighter at Grayskull so wouldn't be too surprised.

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I think money is getting tighter. Fat Sally's been told to sell before he can bring new faces in

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Originally Posted by Billy Whizz

I think money is getting tighter. Fat Sally's been told to sell before he can bring new faces in

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There was a good article by Michael Grant in the Herald about this the other day. Apparently even after shedding a few of the bigger salaries (Goian, Bocanegra and a couple of the executives that came with Green), they are still losing over £400K a month. Yet McCoist continually demands more players (to beat part timers). I think the notion of Sevco having a "warchest" when they get into the top flight has been dispelled.

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Originally Posted by Part/Time Supporter

There was a good article by Michael Grant in the Herald about this the other day. Apparently even after shedding a few of the bigger salaries (Goian, Bocanegra and a couple of the executives that came with Green), they are still losing over £400K a month. Yet McCoist continually demands more players (to beat part timers). I think the notion of Sevco having a "warchest" when they get into the top flight has been dispelled.

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That's because he's a clueless fat **** of a manager and having far superior players in the only way they'll win

Do not want Dean Sheils.

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Originally Posted by Part/Time Supporter

There was a good article by Michael Grant in the Herald about this the other day. Apparently even after shedding a few of the bigger salaries (Goian, Bocanegra and a couple of the executives that came with Green), they are still losing over £400K a month. Yet McCoist continually demands more players (to beat part timers). I think the notion of Sevco having a "warchest" when they get into the top flight has been dispelled.

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Absolute no shame

No lessons learnt at all


Rangers cash warning
Rangers could face further financial trouble if they don’t reign in their spending.
Writing in The Herald, Michael Grant warns that the Ibrox club, who have made the most off-season signings in Scotland, cost around £1.5m to run per month, but only £1.1m is coming in.


:rolleyes:

So, last year's batch of over-paid mercenaries (chosen by McCoist) is no longer good enough and they now want a fresh batch, while having to find mega dosh to pay off the last lot.


Surely the best thing that lot could do is to pay off their useless manager, who knows only throwing money at a problem, and get in somebody that actually has a clue?

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Originally Posted by poolman

Absolute no shame

No lessons learnt at all


Rangers cash warning
Rangers could face further financial trouble if they don’t reign in their spending.
Writing in The Herald, Michael Grant warns that the Ibrox club, who have made the most off-season signings in Scotland, cost around £1.5m to run per month, but only £1.1m is coming in.


:rolleyes:

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:agree: The Yams'll be just the same once their medicine has been swallowed. Two cheeks from the same arse the pair of them.

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Originally Posted by keekaboo

So, last year's batch of over-paid mercenaries (chosen by McCoist) is no longer good enough and they now want a fresh batch, while having to find mega dosh to pay off the last lot.


Surely the best thing that lot could do is to pay off their useless manager, who knows only throwing money at a problem, and get in somebody that actually has a clue?

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Aye, but where's the fun in that, for the rest of us who like to see the FT scores come in and The Rangers lose yet another away match :greengrin

I would find it very 'pleasing' if Ian Black was to be released.

Anyone got that clip of him being karate kicked in the ribs during a D3 game and the referee deciding it was only worthy of a booking?

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Originally Posted by Northernhibee

I would find it very 'pleasing' if Ian Black was to be released.

Anyone got that clip of him being karate kicked in the ribs during a D3 game and the referee deciding it was only worthy of a booking?

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http://www.101greatgoals.com/blog/gi...irling-albion/

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Originally Posted by LeighLoyal

They are not the same club, the company incorporated in 1899 died with £60m worth of unpaid debts, plus an unquantified tax liability, and that company's business "Rangers FC" died with it, it was wound up and all it's history came to an end in 2012. Furthermore, UK insolvency law says: if a new company is formed using assets bought from an old liquidated company, for the purpose of operating the same type of business, it is a NEW company and a NEW business venture. For newco 2012 that means it is a new football club and not the same as the one that played in the spl. Anything else would
mean insolvency law is a meaningless legal instrument, which it is not, so Sevco, newco, T'Rangers are not Rangers FC, except in their wee bigoted minds.

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I had the misfortune to be on a train bound for Glasgow one Saturday last March which was full of them heading for Ibrox. Whilst much of what you say is true and i quite like the fact that they were sunk by a phantom tax bill that looks like it may well have been absolute bollocks for me its not a black & white issue. The reality is that people are still going to Ibrox in big numbers to watch a team called Rangers playing in blue whose fans are some of the most unpleasant creatures you will ever find. The bigotry is certainly back worse than before from what I heard on the train.

To me if it looks like a dog and barks like a dog and wants to bite you then it usually is a dog.
The only difference now is that Rangers fans now have a huge chip of paranoia on their shoulders and that Celtic appear to be the Establishment club with an unhealthy degree of influence inside the SFA.

Assuming all progresses on track by August 2015 this is all water under the bridge. Brand Old Firm will be back (Dashing Bob rightly calls them Scotland's social dustbin) and Celtic will be shamelessly jumping back on board.

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Originally Posted by Part/Time Supporter

http://www.101greatgoals.com/blog/gi...irling-albion/

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I have watched that clip a number of times, and for the life of me i cant understand why a foul was awarded?

You cant tackle sevco players properly these days without earning a booking.

'Mon the Binos!

They are and will continue to be The Rangers in my book.

They have one trophy to their name. The end.

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Originally Posted by poolman

Absolute no shame

No lessons learnt at all


Rangers cash warning
Rangers could face further financial trouble if they don’t reign in their spending.
Writing in The Herald, Michael Grant warns that the Ibrox club, who have made the most off-season signings in Scotland, cost around £1.5m to run per month, but only £1.1m is coming in.


:rolleyes:

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Disgraceful. I thought Newco were supposed to be a break from the loss-making ways of the past.

Obviously there are a lot of costs involved, but if reports are true Shiels accounts for around £30,000 of that monthly expenditure total on his own. God knows how much fat Swally eats his way through.

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Originally Posted by YehButNo But

RANGERS say they plan to make their voices heard within the corridors of power of the newly Scottish Professional Football League.

The Ibrox have been granted full membership status and had been barred from voting in recent debates on the future of the Scottish game following their formation as a newco in the wake of last year’s liquidation crisis.

Rangers’ chief executive Craig Mather said: “This is the status Rangers should have and we look forward to playing a full and leading part in the rebuilding of Scottish football.

“That’s what all of us; everyone who cares about the game should be working towards. It is also important that Rangers’ voice be heard because this club is too big and too important to be ignored.

“Stage one has been completed but the journey continues and we hope to meet and make many more friends along the way. However, now that we are full members we will be determined to make our own views on the game’s future known.

“Everyone knows Rangers have had to tread carefully but we will now be moving forward with greater purpose and determination on and off the pitch as well as within the corridors of power.”

Earlier this month, the SFA’s 93 member clubs voted to scrap a ruling that forced new member clubs to serve a five-year spell of association membership before being granted full voting rights.

Rangers are now able to re-join the rest of Scotland’s 41 league clubs to have their say on major issues.

They Glasgow club will face Albion Rovers in the first round of the Rmasdens Cup on July 27.

They kick off their second division campaign on August 10 at home to Brechin.

http://www.thescottishsun.co.uk/scot...-the-SPFL.html

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All very fine and dandy, but surely they should all wait to see what The Rangers or The the Rangers have to say, only seems fair that the new boy gets a chance to be ignored as well eh?

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Originally Posted by jacomoseven

Disgraceful. I thought Newco were supposed to be a break from the loss-making ways of the past.

Obviously there are a lot of costs involved, but if reports are true Shiels accounts for around £30,000 of that monthly expenditure total on his own. God knows how much fat Swally eats his way through.

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Dont think that this is widely known but FFS


http://www.heraldscotland.com/sport/...goian.21484411

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Originally Posted by poolman

Dont think that this is widely known but FFS


http://www.heraldscotland.com/sport/...goian.21484411

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Staggering no wonder they were in deep financial trouble, and also this story about them building up debt once again, makes you wonder what their debt will be by the time they make it back to the SPL.

Can see them going into administration again in the future, they certainly have not learned any lesson.

http://www.heraldscotland.com/sport/...again.21493542

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Originally Posted by poolman

Dont think that this is widely known but FFS


http://www.heraldscotland.com/sport/...goian.21484411

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I agree with the comments on that story - if you are going to pay a player a year's wages up front to get rid of them, why not keep them in the squad? Utterly baffling.

Wow! That kinda money could keep Hearts going for another fortnight!

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Originally Posted by keekaboo

Wow! That kinda money could keep Hearts going for another fortnight!

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£1m in wages due to Franny Sanders as well for his outrageous sacking by racist liar Green.

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Originally Posted by jacomoseven

I agree with the comments on that story - if you are going to pay a player a year's wages up front to get rid of them, why not keep them in the squad? Utterly baffling.

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Saves a bit of employer's NIC, but it is still a pretty crap deal.

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Originally Posted by poolman

Rangers could face further financial trouble if they don’t reign in their spending.

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Might the Scotsman be a better newspaper if it employed littrit people to write the articles? :hmmm: