Generic Sevco / Rangers meltdown thread

[FranckSuzy]

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Funny, I was thinking, when all this was hitting the fan, if there's one chap who's ring piece will be twitching like an epileptic gunslinger's finger, it'll be Campbell Ogilvie. He might not be bent. He might not be stupid. But he certainly has got himself mired in a filthy barrel surrounded by dubious sorts like Whyte, Murray and Romanov, and I wouldn't bet against him ending up as the sacrificial lamb in that bunch of slippery eels.

[Seveno]

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... which would tie in with a second cull

Actually, I think they will try for a CVA before they go down that route. They, and we, know that isn't going to happen... but I'm pretty sure they have to go through the motions.

If they go into liquidation, all player contracts become void. Correct ?

[Hibernia&Alba]

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We've been here already

They have to give due respect to those who say they are interested, but they can't wait forever....hence the deadline.

Aye, mate. Let's see what tomorrow brings and I look forward to reading your posts and those of others in the coming weeks.

[EuanH78]

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Nope, the new proposals put forward by Rangers players are again wage deferrals.

In other words we are prepared to take pay cuts that aren't really pay cuts while you get on with shafting the creditors.

I dont think so Spike, this is good news from our perspective.

I think probably the players are just in it for themselves at this point, making the cuts inevitable. I reckon when it comes, it'll be hard, fast and brutal or at least thats what I'm hoping for

[ancienthibby]

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Aye, mate. Let's see what tomorrow brings and I look forward to reading your posts and those of others in the coming weeks.

Yet another twist!

Beeb radio now reporting that the Company Secretary of RFC who was a partner in Craikie (notso)Whyte's legal firm has now left that firm due to personal reasons!!

[Keith_M]

I can just imagine the players all huddled up (oops, wrong team) in Murray Park after the Administrators left singing, "...and the cry was no sur-ren-dur"...

[NORTHERNHIBBY]

Sash-flow problems.

[CropleyWasGod]

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Sash-flow problems.

[EuanH78]

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Sash-flow problems.

Can I just say

[Seveno]

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Can I just say

Calm down ! We still have the best thread to come. It will be called 'So long, Vlad, it's been good to know you !'

[greenginger]

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Okay....you can read my opinions on how I think D & P have done their job.

How would you have done it differently?

Dunfermline's outstanding money has been settled in full which must be to the detriment of other creditors.

Was their claim on RFC funds sufficiently different that they could be treated as a special case, or should the window cleaner, the plumber etc feel aggrieved that D & P have acted the way they have.

[CropleyWasGod]

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Dunfermline's outstanding money has been settled in full which must be to the detriment of other creditors.

Was their claim on RFC funds sufficiently different that they could be treated as a special case, or should the window cleaner, the plumber etc feel aggrieved that D & P have acted the way they have.

So far, we only have the BBC's say so on that.

However, if they have done, then that is wrong. As I said before (or maybe on the other thread ), perhaps D & P think SFA rules are the same as the FA's, in that football creditors rank before others.

The other creditors should kick up if it is the case, and DAFC would have to repay it.

[CropleyWasGod]

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Yet another twist!

Beeb radio now reporting that the Company Secretary of RFC who was a partner in Craikie (notso)Whyte's legal firm has now left that firm due to personal reasons!!

Did he take the combination to his safe with him?

[Mikey]

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Did he take the combination to his safe with him?

030303

Repeat for all Rangers matches this season

[EuanH78]

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Calm down ! We still have the best thread to come. It will be called 'So long, Vlad, it's been good to know you !'

Well, I know it's asking a lot but.. when it goes pear shaped at teh PBS, those threads should be merged into one glorious thread orgy of hilarity.

[ancienthibby]

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So far, we only have the BBC's say so on that.

However, if they have done, then that is wrong. As I said before (or maybe on the other thread ), perhaps D & P think SFA rules are the same as the FA's, in that football creditors rank before others.

The other creditors should kick up if it is the case, and DAFC would have to repay it.

Is there not a real difference here with the nature of the transaction?

Is it not that of acting as an agent of another club, rather than on behalf of one's self.

The funds due to DAFC (in this case) were never RFC's to do anything with other than forward to DAFC.

These were not monies to go into the big cash pool at RFC and be paid out to creditors in the normal case (ok that last bit does not apply to RFC)

RFC had no ownership of these monies since, by definition they were never theirs to begin with, is that not so?

[greenginger]

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Is there not a real difference here with the nature of the transaction?

Is it not that of acting as an agent of another club, rather than on behalf of one's self.

The funds due to DAFC (in this case) were never RFC's to do anything with other than forward to DAFC.

These were not monies to go into the big cash pool at RFC and be paid out to creditors in the normal case (ok that last bit does not apply to RFC)

RFC had no ownership of these monies since, by definition they were never theirs to begin with, is that not so?

Agree, but is that not the same with the VAT Rangers have collected and the Tax and NI they have deducted from wages.

[jgl07]

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Agree, but is that not the same with the VAT Rangers have collected and the Tax and NI they have deducted from wages.

The money was only 'resting' in their account!

[CropleyWasGod]

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Is there not a real difference here with the nature of the transaction?

Is it not that of acting as an agent of another club, rather than on behalf of one's self.

The funds due to DAFC (in this case) were never RFC's to do anything with other than forward to DAFC.

These were not monies to go into the big cash pool at RFC and be paid out to creditors in the normal case (ok that last bit does not apply to RFC)

RFC had no ownership of these monies since, by definition they were never theirs to begin with, is that not so?

They had possession of them. They were due them to someone else.

Just like, as GG said above, PAYE & VAT.

Creditor.

[CropleyWasGod]

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The money was only 'resting' in their account!

That's one hell of a long rest

[ancienthibby]

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Agree, but is that not the same with the VAT Rangers have collected and the Tax and NI they have deducted from wages.

I don't think so. In the VAT and PAYE situations RFC are acting as principals - all their own business and services provided by others to RFC, be they creditors or employees.

DAFC were never providing services to RFC, in fact RFC were providing services to DAFC by acting as their agent to collect monies due only to DAFC.

Confused? - you bet!

[CropleyWasGod]

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I don't think so. In the VAT and PAYE situations RFC are acting as principals - all their own business and services provided by others to RFC, be they creditors or employees.

DAFC were never providing services to RFC, in fact RFC were providing services to DAFC by acting as their agent to collect monies due only to DAFC.

Confused - you bet!

That would only apply, IMO, if RFC had a designated Clients Account (like solicitors) that DAFC had prior claim on. I really doubt that would be the case.

[Seveno]

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That would only apply, IMO, if RFC had a designated Clients Account (like solicitors) that DAFC had prior claim on. I really doubt that would be the case.

I don't think Mr Whyte is awfully good with the Client account concept.

[CropleyWasGod]

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I don't think Mr Whyte is awfully good with the Client account concept.

Leave out the word "client" and I would agree

Ticketus cash? = mine

VAT? = mine

PAYE? = mine

Arsenal shares? = mine

Personal responsibility? ...... eh??

[poolman]

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That's one hell of a long rest

Bout as long as this guy

http://www.youtube.com/watch?v=OSkGjiHaH8E

[Hibercelona]

Players not accepting the terms.

[Seveno]

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Leave out the word "client" and I would agree

Ticketus cash? = mine

VAT? = mine

PAYE? = mine

Arsenal shares? = mine

Personal responsibility? ...... eh??

Bournemouth stockbroking clients money = mine

[jgl07]

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That's one hell of a long rest

That would be an ecumenical matter.

[matty_f]

These administrators are pish, IMHO!

Surely they should look at what players (as in numbers) are needed as a minimum to put a team out - the team doesn't have to be good enough to finish first or second or even third, just literally enough players to fulfill their fixtures. It's same old Rangers, wanting the best without any real right to it.

Sally McCoist should just be getting told, here's your squad, most of them are young laddies but to be honest we've a whole load of other folk owed our money so we can't sustain your international players' wages. Sorry about that.

It's a joke, IMHO.

And another thing - the SPL will absolutely ruin Scottish football if they don't take the heaviest sanctions possible and punt them from the league for the dual-contract stuff if it's proven that they're guilty of it. Anything else just makes an absolute mockery of the integrity of the league. Strip them of their titles and cups for good measure as well, why the hell should the rest of Scottish football have to make cuts while those bas****s cheated their way to title after title. They've got a massively higher income than the rest of us as it is, and they STILL cheated.

Empty the lot of them from the league.

**** Rangers.

[Seveno]

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These administrators are pish, IMHO!

Surely they should look at what players (as in numbers) are needed as a minimum to put a team out - the team doesn't have to be good enough to finish first or second or even third, just literally enough players to fulfill their fixtures. It's same old Rangers, wanting the best without any real right to it.

Sally McCoist should just be getting told, here's your squad, most of them are young laddies but to be honest we've a whole load of other folk owed our money so we can't sustain your international players' wages. Sorry about that.

It's a joke, IMHO.

And another thing - the SPL will absolutely ruin Scottish football if they don't take the heaviest sanctions possible and punt them from the league for the dual-contract stuff if it's proven that they're guilty of it. Anything else just makes an absolute mockery of the integrity of the league. Strip them of their titles and cups for good measure as well, why the hell should the rest of Scottish football have to make cuts while those bas****s cheated their way to title after title. They've got a massively higher income than the rest of us as it is, and they STILL cheated.

Empty the lot of them from the league.

**** Rangers.

And so say all of us !