No dough at Sevco, or there is no dough at Sevco, NOOO DOOUGH AT SEEEVCO or there is no dough at Sevco!!!!
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No dough at Sevco, or there is no dough at Sevco, NOOO DOOUGH AT SEEEVCO or there is no dough at Sevco!!!!
Whoop. I see the 'Phil Ma Gab' random phrase generator has churned out another missive.
Stenographers. Highly placed source. Cunningham (why, FFS, why?)
There are several sentences that I just don't understand. For example, is he saying that Rangers have or have not set aside money for tax bills, because the words and the tone are at cross purposes.
I can't believe this is still going
http://www.bbc.co.uk/sport/0/football/34653785
Seems glib and shameless has been writing a few strongly worded letters to Sports Direct - that'll teach them to mess with him.
"I have sent letters to Sports Direct in my capacity as a director of Rangers Retail Limited taking them to task for poor business practices and corporate governance failures."
King is an expert in that field.
Mike Ashley will be really, scared at being sent a letter.
National broadcaster releases PR statement on behalf of TRFC shocker... you can't buy exposure like that. I mean, they were using Level5 PR to get mentions from friendly journalists to pump season ticket sales but from what you read, they just can't afford that anymore. Thank god for public broadcasting!
Karma is a bitch. Don't know when it was in the paper but love it.
https://scontent-lhr3-1.xx.fbcdn.net...02&oe=56D0198D
http://www.dailyrecord.co.uk/sport/f...g-says-6717065
Diversionary tactics by King. Get the mob to rage against Ashley instead of their Chairman.
JohnJames is not impressed either. :greengrin
https://johnjamessite.wordpress.com/...tart/#comments
https://www.youtube.com/embed/NsnSLSZevoY
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http://www.philmacgiollabhain.ie/time-difference/
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Haha pretty much... Hopefully this is lining up the "a big boy done it and ran away" excuse.
IF this is the case and they haven't got a pot to pish in, the blazers will be bricking it. How would they handle an insolvency event? Expect hilarious contortion acts as TRFC/SFA/Media finally make an argument that they're a new club after all and should have only a 15 point deduction, not a 25 point one if it were the case that they're the same club as the pre-2012 edition.
Doncaster himself said they are the same club... I wonder if his position would change if it looked like they weren't going to be "getting back to where they belong" in the top league any time soon.
Here is the relevant rule:-
Where a Club, whether owned and operated by the same or a different Member, suffers or is subject to an Insolvency Event which results in a deduction of points in terms of these Rules and within 5 years of the date of such Insolvency Event suffers or is subject to a further Insolvency Event which is not part of the same Insolvency Process as the Insolvency Event then suffered, the points deduction applicable in terms of Rules E1 in respect of that second or further Insolvency Event, shall be 25 points with the 15 points in Rules E2 and E3 being 25 Points
The highlighted bit, IMO, is the damning bit.
Remember too, that there would be a 25 point penalty the following season as well. :greengrin
I know from fans involved that there have been meetings to galvanise the biggest Rangers Supporters Associations and try to look at ways of the Rangers Trust raising more money so they clearly are needing investment and not getting it you would assume so turning to the fans ,hence the media profile to turn fans even more against Ashley and then appeal to those fans to save the club by putting in money . can't see them I wanting to incur penalty points and take their chances in the play off ,unless they are confident enough to think they will be more than twenty five points ahead of us at end of the season
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Which is all very well but it's a bit hard to raise money from the fans when they know it's just going to fund Charlie's legal team.
Say what you like about Phil Macgiollabhain, but this does appear to be following the narrative set out in his blog.
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A highly placed source has confirmed to me that a mild tremor was recorded in North London this week. Stenographers ascribing this to Mike Ashley quaking with fear at the contents of a letter sent by Mr David Cunningham King would have to be marked as erroneous.
It was in fact caused by Ashley laughing so hard that his bellies haven't stopped shaking.
Once again, dear readers, I am so far in the lead on this story it almost hurts.
Chuckie Green already went to the well with his share issue.
The Rangers fans might feel betrayed at the lack of promised 'over-investment'.
Just a couple of reasons why a new share issue might fall down.
I think it's pretty clear by now that King saw an opportunity to take control of Rangers on the cheap. He reckoned on promotion to the top flight + sold out Ibrox to fill the club's coffers.
It clearly hasn't worked out like that. Question is, can he find the money to cover the shortfall?
Some interesting discussion in the comments section of the linked blogs where there seems to be a rift between Level 5 PR (James Traynor , formerly Minister for Propaganda at Ibrox and the Daily Record) and Sevco. Seems the huns decision to cut back on spending has meant money splashed on luxuries such as Level 5 has been cut right back/stopped completely. Even some talk of Level 5 still being owed money by Rangers.
As Rangers appear to be virtually their only client (from a quick recce of the Level 5 website) it will be interesting to see if anything that Traynor knows that could discredit the current Rangers Board leaks out in the near future. I would assume he knows where the bodies are buried.
Perhaps, but him and JJ over at Ibrox more or less reach the same conclusion. The rangers need money fast. The 3 bears and DCK seem unwilling or unable to throw more cash down the black hole. Another rights issue whilst the on-going court case looms is a non starter. The new nomad promised by DCK has vanished. MA has them over a barrel and foolishly DCK seems to want to pick a fight with him. Perhaps trying to gloat him into calling in his 5m loan which would result in insolvency. "Bad, bad MA, he shut us down. I did my best guys but its his fault."