If rangers can't prove 18 months liquidity, how the are able to keep their licence? The more I read the more fraudulent it appears re our footballing authorities. Action must be taken as this cannot continue. Fit and proper? My big fat ass!
Printable View
If rangers can't prove 18 months liquidity, how the are able to keep their licence? The more I read the more fraudulent it appears re our footballing authorities. Action must be taken as this cannot continue. Fit and proper? My big fat ass!
https://johnjamessite.wordpress.com/...eens-petition/
Sent from my iPhone using Tapatalk
Running out of cash = admin... unless, as you say, someone puts money in.Quote:
Originally Posted by Ozyhibby
It could be that King et al DO have more cash, but won't put any in unless they absolutely have to.
Ashley certainly could bail them out again if he wants to, but has an incentive to wait until they are begging him for money before doing so.
Who knows?
My money would be on Ashley re-taking control by the short'n'curlies. He's spent enough time and money on it, so he must see some return to be made there.Quote:
Originally Posted by jacomoseven
Quote:
Originally Posted by jacomoseven
Ashley will bail them out if he has to as his interests in Sevco are only of value if the club is alive and flourishing. If he has to go to Ashley cap in hand, Kng won't like it as he will lose face with the fans, but any port in a storm as they say.Quote:
Originally Posted by JeMeSouviens
Quote:
Originally Posted by JeMeSouviens
Ashley can't take control. he has already been fined by the SFA for duel control of football clubs.
His £ 5 million loan is secured on some of the club property assets and his interests in Rangers Retail will prevail through administration or liquidation of the football club.
The only source of cash are the rangers support , or as Vlad so accurately referred to them as the " Simple Fans " :greengrin
Even liquidation does not get rid of Ashley as he has the intellectual property rights and security over everything except Ibrox.
Sent from my iPhone using Tapatalk
He can't take a majority shareholding.Quote:
Originally Posted by greenginger
This might sound to easy, but could he not sell Newcastle to his 'friend' (insert name) then be the major shareholder in rangers, do as he wishes, then sell them on and re buy newcastle form his 'friend'?Quote:
Originally Posted by JeMeSouviens
Ashley is not a Rangers supporter. He will be quite happy to wait and let the rangers people sort things out even if it takes a few more seasons.
As long as there are people kicking a ball and calling themselves Rangers , there will be a market for his merchandise.
There are very strict laws about that sort of thing.Quote:
Originally Posted by Hibee87
Sent from my iPhone using Tapatalk
@sitonfence: Friday 16th October
Preliminary Hearing
CA196/15 Charles Green v The Rangers International Football Club Plc
Sent from my iPhone using Tapatalk
Quote:
Originally Posted by Ozyhibby
http://www.sfm.scot/the-case-for-a-n...e-7/?cid=19782
Being suggested it has been moved to Edinburgh as all seven will be pleading guilty to the charges in return for shorter sentences.
That could prove an immediate problem for Sevco. Money was raised on the Stock Exchange by fraud. The Exchange can petition for immediate liquidation of the defrauding entity.
I would be amazed if one of them plead guilty never mind all of them. I would rather have the long trial with lots of laundry getting washed in public and the outing of the involvement of the SFA.Quote:
Originally Posted by greenginger
Sent from my iPhone using Tapatalk
Quote:
Originally Posted by Ozyhibby
Me too!
Quote:
Originally Posted by greenginger
This. On the park the club is on the up, which in turn means more sales of strips etc.
Off the park who knows however his security will mean he won't lose much if anything at all if it all goes tits up.
Exactly why the Establishment would want a guilty plea.Quote:
Originally Posted by Ozyhibby
Of course it would depend on the case and evidence against each individual , but the alternative of 10 years in the Bar-L or 2 years say in a cosy jail and parole after 9 months could be attractive to the accused.
Liquidation would get rid of the security, whether or not he was repaid.Quote:
Originally Posted by Ozyhibby
As for the IP rights, not sure they would be worth much if the club didn't exist any more :)
Sent from my GT-I9505 using Tapatalk
Wouldn't that be nice. [emoji23]Quote:
Originally Posted by CropleyWasGod
Sent from my iPhone using Tapatalk
https://johnjamessite.wordpress.com/...perfect-storm/
Sent from my iPhone using Tapatalk
Sadly that site just spouts pish on Rangers but it would be funny if they were liquidatedQuote:
Originally Posted by Ozyhibby
It'd be quality. Though somehow, I think the SFA would conspire a fudge to prevent the ethereal holding company from having to reapply for membership of the leagues for their separate entity (the club) and to make sure they end up "back where they belong" in the SPL.Quote:
Originally Posted by lucky
Especially because we're all too aware that the last time that happened, the requirements for admission to the leagues were completely overlooked.
I don't know - another phoenix club and the devil is in the detail: does Ashley hold the rights to the "Rangers" brand? Could it be that no matter what happens, any club calling itself Rangers (The Rangers, The The Rangers, Rangers 2015 etc) would come under the IP that Ashley holds?Quote:
Originally Posted by CropleyWasGod
To be honest, they gave Cheerful Charlie a carte blanche to chalk up any future legal fees to the club. It wouldn't surprise me in the slightest if they mortgaged off their identity in exchange for a few million from Ashley.
Mugs. hahahah
There was chat a while ago about insurance to cover this sort of thing. Was the have they got it or not question ever answered?Quote:
Originally Posted by Ozyhibby
Judging by how the MSM generally softball all things (The) Rangers, I think the real question is, has the question ever asked and has anyone ever really been pressed for an answer?Quote:
Originally Posted by Jack
In what respect are his comments @@@@? He is simply giving his opinions like anyone else has the right too. Personally I find him and Phil Mac a refreshing change from the mainstream media who are not even attempting to perform their duties or are too scared to publish what they know or think.Quote:
Originally Posted by lucky
There is no obligation to believe everything you read - but there is enough information out there to be able to form your opinions.
Well, for one thing, he says a 25 point deduction won't harm their chances of automatic promotion.Quote:
Originally Posted by HoboHarry
I appreciate we are behind them in the League, but 25 points?
Completely agree with you on that, my questions were more about the financial side and I realize I wasn't very clear on that. I also think he is supremely optimistic that someone with more money will take Kings place. How did that work out the last time? 😉Quote:
Originally Posted by jacomoseven
No I did get that, it's just that particular line made me question how accurate any of his musings might be.Quote:
Originally Posted by HoboHarry
I think his estimated 8 figure legal costs might be fanciful, too. He's just taken top end daily rates and extrapolated them over a long time period - I'm not sure that's particularly reliable.
Agreed but at least we have a self confessed Rangers man questioning and being critical of the club which is an awful lot more than the cowards in the press are doing. CWG has already picked holes in his figures but then who really knows the whole truth of what's going on there?Quote:
Originally Posted by jacomoseven