Generic Sevco / Rangers meltdown thread

[Seveno]

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Puhlease. Schola Regia, if you don't mind

Vivas Schola Regia !

[greenlex]

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Would Broadfoot, Hutton, Ness, & Little really be out our price range?

Depends how many Season tickets we shift.

[millarco]

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My understanding is that if they are sold on to a new owner from their current administration then yes, they would retain SPL membership.

If they go into liquidation then Rangers as it's current entity cease to exist and therefore lose their membership.

14. If:- (i) a Member shall cease to be entitled to hold a Share; or (ii) a trustee in sequestration, manager, receiver or administrative receiver shall be appointed in respect of a Member or any property of a Member, or an administration order shall be made in respect of a Member or any property of a Member or an order shall be made or an 9 effective resolution passed for the winding up of a Member otherwise than for the purpose of reconstruction or amalgamation;

then that Member or its manager, receiver, administrative receiver, administrator or liquidator or any other person entitled to the Share shall, on receiving notice in writing from the Board following the Company in General Meeting passing a Qualified Resolution that such notice should be issued by the Board and confirming the identity of the proposed transferee, transfer its Share to such ther person as the Board shall direct at the price of £1 and the Club owned and operated by such Member shall forthwith cease to be a member of the League and the Club owned and operated by the transferee shall become a member of the League in its place.

Again probably reading that wrong but if a phoenix company were formed could Duff and Phelps not transfer the share (effectively league membership) to the new company and they would then hold a place in the SPL?

[bingo70]

See on Twitter Chris mclaughlin saying delay tonight is 2 or 3 high earners not agreeing to the pay cut.

I would have thought there would only be 2 or 3 'high earners', mcgregor, Davis and whittaker? Can we take from those three will be leaving?

[HibeeSince85]

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We'll be hearing the thoughts of Chairman Rod on the current state of Scottish football debate tonight at 10.35 on the Beeb

Is Petrie on this debate tonigh?t, was going to watch it anyway but I'm interested to see what he's got to say about this, a man of his impeccable financial ability the shenanigans at hunbrox will have his mind boggled

[The_Sauz]

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Very doubtful Rangers are going to get European football next season. The administrators have already said its highly unlikely they will be out of admin before 31st March so no European licence.

They also said that rangers players would be shown the door last Wednesday, then Friday, and again this Monday, yet here we are on a Tuesday night, and only 2 players have volunteered to leave

[sahib]

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Is Petrie on this debate tonigh?t, was going to watch it anyway but I'm interested to see what he's got to say about this, a man of his impeccable financial ability the shenanigans at hunbrox will have his mind boggled

Not convinced he is anything other than an unimaginative, tight-arse, who failed to support success and has squandered our strong position on the second rate. I worry about our own financial position.

[Seveno]

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One of Badger's boys?

So you had that slipper then ?

[The_Sauz]

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Could we not get an extra 200k/season if we were getting results in a league where the playing field was a bit more level?.. Two home games with 12k at home instead of 8k alone would cover that perceived loss..

If you had a good Aberdeen side, then they would fill the void left by Rangers

[HibeeSince85]

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Not convinced he is anything other than an unimaginative, tight-arse, who failed to support success and has squandered our strong position on the second rate. I worry about our own financial position.

Did you not see the smiley?

[jdships]

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They also said that rangers players would be shown the door last Wednesday, then Friday, and again this Monday, yet here we are on a Tuesday night, and only 2 players have volunteered to leave

" Duff & Phelps have been meeting the squad in a last-ditch attempt to agree on wage cuts as the club strives to make monthly savings of £1m.

Some players have agreed reduced terms to stay but with incentives.

These include free transfers in the summer or being allowed to leave for reasonable offers.

If agreement is reached, high earners could face wage cuts of 75%, middle earners 50% and other players 25%."

BBC SPORT

The players/agents aren't daft !!
Leave/walk away now and what are the chances of getting a club ? They have nothing to bargain with re wages.
Read what Wylde said in his interview
Better surely to say put get a " living wage" until the end of the season - £ 5000 a week although a lot less than £ 20000 is better than ZERO
They can then accept a free transfer , negotiate a decent signing on fee, probably worth six figures ( no transfer fee), and they are back earning mega bucks again

[Jim44]

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See on Twitter Chris mclaughlin saying delay tonight is 2 or 3 high earners not agreeing to the pay cut.

I would have thought there would only be 2 or 3 'high earners', mcgregor, Davis and whittaker? Can we take from those three will be leaving?

Apparently McGregor's lawyer has issued a statement saying his client is not one of the three 'refusees'.

[Keith_M]

Shamelessly stolen from comments section on TPPKATDR**


"As i was walking down the copeland rd
I met a total stranger
And he said to me are you going to see
The famous glasgow rangers.

I said im off to buy some bread
and litter for the kitten
They are no more
Just a tesco store
And the owners aff tae prison"


** The Paper Previously Known As The Daily Ranger

[jgl07]

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Well, there won't be 12 clubs to vote there will only be 11 teams left. But still, it would take 10 out of 11 to break 83%.

Teams most likely to vote "no" would surely be Hearts, Dunfermline. Everyone else would probably vote "yes".

Presumably the bottom club would vote 'no' (Dunfermline or Hibs?).

The other most likely to vote 'no' would come from those clubs opposing the 10-team SPL. Dundee United and Hearts spring to mind. Celtic are also a fair bet to vote 'no' given the opinions of their supporters and the opportunity they would have to bag some silverware. Aberdeen also have a lot of 'issues' with Rangers.

Even if the SPL heirachy want to retain Rangers, it could be a problem mustering the votes.

[silverhibee]

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See on Twitter Chris mclaughlin saying delay tonight is 2 or 3 high earners not agreeing to the pay cut.

I would have thought there would only be 2 or 3 'high earners', mcgregor, Davis and whittaker? Can we take from those three will be leaving?

Naismith and McCulloch big earners too and Lafferty will be on a good wage as well.

[green glory]

Quote from the 'tache.

During tonight's BBC Scotland programme, Scottish Football: The Debate, Petrie said: "Scottish football needs successful clubs who are well-managed.

"There are a lot of clubs in the SPL who have taken their own share of pain and have budgets and who have adhered to their budgets.

"The thing that needs to be maintained right throughout is sporting integrity.

"We need to ensure that the competition is fair.

"Each club has its own budgets and its own resources. If you have a plan and can finance it then fine.

"The important thing is sporting integrity and we have to make sure that the competition is balanced and fair.

"We are going to see Rangers continue to play with a depleted squad against clubs who they played against earlier in the season when they had a stronger squad.

"We need to make sure the fixtures are fulfilled and it is a fair and balanced competition."

Hedging his bets publically, but the emphasis on sporting integrity is encouraging. Let's hope he speaks for us all when the time comes.

[Hibs Class]

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So you had that slipper then ?

Many times - did me no harm.

[scoopyboy]

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Apparently McGregor's lawyer has issued a statement saying his client is not one of the three 'refusees'.

Not read through all the pages but Scoopyboy understands Naismith and Lafferty are two of the three.

Don't know the third but its not McGregor.

Sorry if already posted.

[Westie1875]

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Not read through all the pages but Scoopyboy understands Naismith and Lafferty are two of the three.

Don't know the third but its not McGregor.

Sorry if already posted.

Whittaker perhaps?

[Hibercelona]

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Not read through all the pages but Scoopyboy understands Naismith and Lafferty are two of the three.

Don't know the third but its not McGregor.

Sorry if already posted.

I'm thinking maybe Broadfoot.

[Keith_M]

The Herald is saying that the players' proposal was to have reduced wages for one month only, then go back to full wages from the following month

They don't seem to get the "need to save 1M every month" issue, do they.

[sahib]

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Did you not see the smiley?

Sorry I missed that. I was being at bit too harsh, anyway. I suppose we could have done worse.

[Westie1875]

Why don't they just start sacking them, surely this is part of the administrators job?

[Hibernia&Alba]

Just had a listen again to tonight's Sportsound, and they are one hundred per cent clear about the consequences of liquidation: It's newco in the SPL or extinct. No SFL option. Wee Chick trying to get his words out through the tears. Had to chuckle when he reformed Rangers as Govan United.

Forget any prospect off the accounts being made available before 31st March or any interested buyers coming forward before the 16th.

[green glory]

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Just had a listen again to tonight's Sportsound, and they are one hundred per cent clear about the consequences of liquidation: It's newco in the SPL or extinct. No SFL option. Wee Chick trying to get his words out through the tears. Had to chuckle when he reformed to Rangers as Govan United.

Forget any prospect off the accounts being made available before 31st March or any interested buyers coming forward before the 16th.

Music to my green and white ears.

[QMU-1875]

does anyone have a link to the scottish football debate on bbc 1 just now? cant watch it on my tv need to on the laptop though.

[FranckSuzy]

Rod hit the nail on the head there

[CropleyWasGod]

Okay I'm back.

I'm more than a little concerned that so many fellow netters seem to have tasted the same corporal punishment from the same Latin teacher as me. There is a clear pattern here.

In other news, nobody seems to have mentioned the interview with our own Amanda Jones earlier this evening. What she said was very enlightening. I was driving at the time, so couldn't write it all down, but from memory she was saying:-

1. employment law doesn't stop just because of administration. That's a fundamental issue.

2. as the admins have said, they can't force wage cuts on players.

3. as the players are on fixed term contracts, it is unlikely that there will be any redundancy provisions in there.

4. as a result of 3, players would be entitled to sue for what is due on the remaining portion of their contract, if they were simply told to leave.

5. notwithstanding 4, it would be normal to have a negotiated settlement in these situations.

She also sympathised with the job of the admins. Being a football person, she understands the issues. The undercurrent was, if I understood her right, that the admins are doing this bit by the book.

I have dealt with Amanda a couple of times, and she knows her stuff.

[NORTHERNHIBBY]

Hearing Jim, James, Traynor saying that the SPL needs a strong Old Firm or the game won't thrive. IIRC the last time we had a situation where we had a weak Old Firm, both Aberdeen and Dundee Utd nearly won the European Cup.

[Hibby70]

Well I'm certainly happy with Rods opening statement. Asked whether Scottish football needs a strong Rangers and basically responded that Not if they are cheating bar stewards