Generic Sevco / Rangers meltdown thread

[Coco Bryce]

Spot on. Someone let this slip on a radio show last week.

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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.

[Barney McGrew]

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Rod hit the nail on the head there

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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

I think it's pretty clear what the official Hibs view is going to be on this

[Bishop Hibee]

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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.

If the huns are in the SPL debt free and points deduction-free next season then i'll not be renewing my ST. What would be the point going back as it would be conceding one rule for the OF and one for every other team in Scotland. Rangers could simply do the same thing in 10 years time. The thought of the away end at ER filled with bluenoses belting out their triumphalist bile after starting season 12/13 on a level playing field with Hibs is sickening. Stand firm Petrie, huns out!

[blaikie]

Rod looks really uncomfortable between those yam fuds, poor man hope he's on a decent wage for this crap.

[CropleyWasGod]

From the BBC:-

There is a statement by administrator David Whitehouse on the Rangers website: "Today has been a very frustrating day. Earlier in the day, we believed we had agreed in principle a basis of cost-cutting measures with the players accepting substantial pay cuts and we are very grateful for their efforts in reaching that point.

"Sadly this evening we have been unable to reach agreement on the personal conditions sought by the advisors to the players in respect of those wage cuts.

"There is still some hope these issues can be resolved first thing in the morning but it is extremely disappointing we haven't been able to get there tonight."

[johnbc70]

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

Agreed, say enough is enough and if you cannot make a decision then we will make the decision for you. Is that not why an admin is appointed to make difficult decisions.

[CropleyWasGod]

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Agreed, say enough is enough and if you cannot make a decision then we will make the decision for you. Is that not why an admin is appointed to make difficult decisions.

They can't just do that. Read my earlier post about Amanda Jones' opinion.

[Hibernia&Alba]

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They can't just do that. Read my earlier post about Amanda Jones' opinion.

So they can't make compulsary redundencies without risk of being sued for remainder of contract? What about the mass redundencies that have followed previous examples of administration?

[CropleyWasGod]

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So they can't make compulsary redundencies without risk of being sued for remainder of contract? What about the mass redundencies that have followed previous examples of administration?

I don't know about them, because I didn't follow them that closely. However, although early redundancies were made at Livi and Motherwell, that doesn't mean that legal action didn't follow. Those situations weren't played out under the scrutiny that the Rangers one is.

[Hibernia&Alba]

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I don't know about them, because I didn't follow them that closely. However, although early redundancies were made at Livi and Motherwell, that doesn't mean that legal action didn't follow. Those situations weren't played out under the scrutiny that the Rangers one is.

They need to cut £4.5 million from the budget in order to get through the season. If they can't come to a voluntary agreement with the players and are too afraid to make redundancies, how are they meant to keep the club alive? What can they do exactly?

[WindyMiller]

http://www.bbc.co.uk/sport/0/football/17221172

[jgl07]

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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 Rangers as Govan United.

That is rubbish. It is true that the SPL has no power to'bust a team to SFL3 but a new team can apply for the resultant vacancy.

If Rangers get binned, I assume that should Rangers get kicked out of the SPL that will mean that the bottom club will stay up and the top SFL club still promoted. That will leave a vacancy in SFL Division One so presumably one team will avoid relegation from SFL1. Eventually there will be a vacancy in SFL3 that will be open to outside applicants.

Newco Rangers will be able to apply for that vacancy along with Gala Fairydean and anyone else who applies.

[CropleyWasGod]

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They need to cut £4.5 million from the budget in order to get through the season. If they can't come to a voluntary agreement with the players and are too afraid to make redundancies, how are they meant to keep the club alive? What can they do exactly?

It's not about "being afraid" to make redundancies. They could make every player redundant, and every player could then justifiably sue them for the remaining money due on their contract. That would get them nowhere.

If they don't cut the costs, all they could do would be to limp on until the cash runs out. Or try for a CVA.... which they won't get, but they are probably duty bound to try.

Another option which has been mentioned is to sell Murray Park to Glasgow Council, and lease it back. They could do the same with Ibrox. Those deals take time, though, and I'm not sure they have that luxury.

[Coco Bryce]

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I

Another option which has been mentioned is to sell Murray Park to Glasgow Council, and lease it back. They could do the same with Ibrox. Those deals take time, though, and I'm not sure they have that luxury.

I'm sure there would be some major objections from one half of the city regarding this.

[johnbc70]

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Another option which has been mentioned is to sell Murray Park to Glasgow Council, and lease it back. They could do the same with Ibrox. Those deals take time, though, and I'm not sure they have that luxury.

Can you imagine the reaction of the Celtic fans if that happened - would never be an option.

[jgl07]

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I'm sure there would be some major objections from one half of the city regarding this.

And about 85% of the City Council!

And where would the City Council get hold of the capital to purchase Murray Park?

[Billy Whizz]

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It's not about "being afraid" to make redundancies. They could make every player redundant, and every player could then justifiably sue them for the remaining money due on their contract. That would get them nowhere.

If they don't cut the costs, all they could do would be to limp on until the cash runs out. Or try for a CVA.... which they won't get, but they are probably duty bound to try.

Another option which has been mentioned is to sell Murray Park to Glasgow Council, and lease it back. They could do the same with Ibrox. Those deals take time, though, and I'm not sure they have that luxury.

I was made redundant by the administrator from a company in administration 6 years ago. All I was able to claim was the Goverment scheme and the rest I became a creditor in the Company for the remaining part, which was around 15p on the £

[Hibernia&Alba]

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That is rubbish. It is true that the SPL has no power to'bust a team to SFL3 but a new team can apply for the resultant vacancy.

If Rangers get binned, I assume that should Rangers get kicked out of the SPL that will mean that the bottom club will stay up and the top SFL club still promoted. That will leave a vacancy in SFL Division One so presumably one team will avoid relegation from SFL1. Eventually there will be a vacancy in SFL3 that will be open to outside applicants.

Newco Rangers will be able to apply for that vacancy along with Gala Fairydean and anyone else who applies.

That's the kind of scenario I was expecting them to describe, but Chico and Doncaster were saying something very different.

http://www.bbc.co.uk/podcasts/series...t#playepisode1

[The_Sauz]

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It's not about "being afraid" to make redundancies. They could make every player redundant, and every player could then justifiably sue them for the remaining money due on their contract. That would get them nowhere.

If they don't cut the costs, all they could do would be to limp on until the cash runs out. Or try for a CVA.... which they won't get, but they are probably duty bound to try.

Another option which has been mentioned is to sell Murray Park to Glasgow Council, and lease it back. They could do the same with Ibrox. Those deals take time, though, and I'm not sure they have that luxury.

Can't see that plan working, what with council cuts for this year, were are they going to get the cash from?
Can you see one side of Glasgow putting up with that....

[Eyrie]

There are better uses of public money, particularly at this time, and especially when the main beneficiary of such a deal owes the public purse a potential £90m.

[Dan Sarf]

"McCoist saved from squad of youth players as Rangers accept 75 per cent wage cut" according to the Daily Mail. So it must be true.

http://www.dailymail.co.uk/sport/foo...#ixzz1oNuVLdcU

[jgl07]

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That's the kind of scenario I was expecting them to describe, but Chico and Doncaster were saying something very different.

http://www.bbc.co.uk/podcasts/series...t#playepisode1

Doncaster has no jurisdiction over the SFL so he is talking through the wrong orifice.

It is obviously the 'plan' to convince people that Rangers have to come into the SPL or fold.

[SteveHFC]

[ScottB]

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"McCoist saved from squad of youth players as Rangers accept 75 per cent wage cut" according to the Daily Mail. So it must be true.

http://www.dailymail.co.uk/sport/foo...#ixzz1oNuVLdcU

Beeb story tonight saying 7 or 8 of them have refused to take cuts...

[Hibernia&Alba]

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The guy can't be right in the head!

[Peevemor]

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In the same way that Whale-arse Mercer "saved" Hibs.

[CropleyWasGod]

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I was made redundant by the administrator from a company in administration 6 years ago. All I was able to claim was the Goverment scheme and the rest I became a creditor in the Company for the remaining part, which was around 15p on the £

Were you on a fixed term contract ?

[CropleyWasGod]

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In the same way that Whale-arse Mercer "saved" Hibs.

There are some financial minds who are of the belief that he did indeed contribute to it. That his bid exposed the extent to which we were financially screwed at that time.

[Peevemor]

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There are some financial minds who are of the belief that he did indeed contribute to it. That his bid exposed the extent to which we were financially screwed at that time.

That's what I was getting at.

[Lucius Apuleius]

Not saying Amanda is wrong CWG. But I work on a fixed contract one year at a time. My company can make me redundant any time they like.