Generic Sevco / Rangers meltdown thread

[down-the-slope]

my hope for today is that there a total sense of being underwhelmed by D&P when they open the brown envelopes come 5pm......

And that the 'best' offer is from one of those with a plan for liquidation

[jgl07]

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The problem Hibs have got is that (according to some sources) the decision on whether to let newco Huns in is up to the SPL board, which Hibs aren't on presently.

According to SPL rules it will require an 11-1 vote to allow a Newco in.

This SPL Board stuff is wishful thinks from the Tabloids (and the SPL Board?).

[grunt]

So how is this going to work, then?

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

Surely if he waits until D&P announce preferred bidder, he'll have missed his opportunity? Unless he proposes to get into bed with the preferred bidder. In which case it won't be "his" bid, will it?
Doesn't the BBC ask these obvious questions before posting stories on the website?

[Leithenhibby]

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So how is this going to work, then?

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

Surely if he waits until D&P announce preferred bidder, he'll have missed his opportunity? Unless he proposes to get into bed with the preferred bidder. In which case it won't be "his" bid, will it?
Doesn't the BBC ask these obvious questions before posting stories on the website?

Enough to drive you crackers

"Administrators Duff & Phelps are expecting four or five final and best offers for the Scottish champions by 1700 BST."

[jgl07]

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Enough to drive you crackers

"Administrators Duff & Phelps are expecting four or five final and best offers for the Scottish champions by 1700 BST."

All the bidding is an exercise in futility.

Nothing is going to happen until the Big Tax Case is resolved.

[down-the-slope]

Duff & Phelps has confirmed it is investigating the consequences of liquidation and has started negotiations with the Scottish Premier League, the Scottish Football Association and Uefa in anticipation of the formation of a so-called newco Rangers, should that course of action be followed by a new prospective owner.

However, they insist liquidation would not mean the closure of the club, which would simply continue to operate as a new entity.


Well I hope those organisations are going to consult their respective members before changing rules / bending over

[Hibs Class]

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So how is this going to work, then?

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

Surely if he waits until D&P announce preferred bidder, he'll have missed his opportunity? Unless he proposes to get into bed with the preferred bidder. In which case it won't be "his" bid, will it?
Doesn't the BBC ask these obvious questions before posting stories on the website?

You would think that would be the case, but after the previous deadline for potential bidders had passed D&P made it clear they would continue to receive bids so it may be the same again this time around.

[down-the-slope]

remember the preffered bidder has to lodge £1 million non-refundable fee with D&P to then continue negotiations

[HibernianBohs]

I don't really understand a lot of what is being said here,mostly due to the fact I started reading this thread at page 149
I could only think that the Huns going bust would be a bad thing for Scottish Football as a whole, attendances would drop, Celtic would dominate?
Could someone please explain to me what is actually happening with rangers?

[Ozyhibby]

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I don't really understand a lot of what is being said here,mostly due to the fact I started reading this thread at page 149
I could only think that the Huns going bust would be a bad thing for Scottish Football as a whole, attendances would drop, Celtic would dominate?
Could someone please explain to me what is actually happening with rangers?

They're Donald ducked.

[ancienthibby]

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remember the preffered bidder has to lodge £1 million non-refundable fee with D&P to then continue negotiations

Mr Slopey, it will all be done with a nod and a wink from Duffest and Duffest - to the winner go the spoils, or in this case, the remnants!

[HibernianBohs]

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They're Donald ducked.

Thanks mate

[greenginger]

I was having a look at whats been happening with Rangers parent company, the Rangers FC Group Ltd aka. Wavetower.

Last week they transferred all property fixed charges, assets, goodwill and anything to become due to Liberty Corporate Ltd.

A strange move for Whyte to make if he intends to Walk Away and hand over his shares.

[PatHead]

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I don't really understand a lot of what is being said here,mostly due to the fact I started reading this thread at page 149
I could only think that the Huns going bust would be a bad thing for Scottish Football as a whole, attendances would drop, Celtic would dominate?
Could someone please explain to me what is actually happening with rangers?

Hopefully you aren't fishing and I'm diving right in.

I think that whilst some clubs will lose out finacially and the Sky TV deal would be under threat the general feeling on here is that the integrity of the game is under threat. This would be because

a) Rangers have effectively been cheating and would get off Scot Free. Why should they be allowed to stay in a league when Dunfermline or Hibs get relegated for playing the game with players they could afford and Hearts don't get the transfer fee they are due for Wallace? and
b) Sky would be dictating who could be in the SPL due to their need for 4 Old Firm games a season meaning the whole game doesn't have any credibility. (BTW Don't know what would happen if either Rangers or Celtic finished in bottom 6.)

If Rangers did get demoted to the bottom league they could make all the teams in the lower league financially secure for 10 years through the travelling support they would take and the novelty factor of having them in town. Surely that isn't bad for all of Scottish football.

Whilst they were paying their punishment this would give the other clubs the opportunity to vote in a new division of any tv money, prize money and get rid of the ridiculous need for an 11 to 1 majority for change which means the Bigot Brothers will no longer hold all the cards. (Currently top 2 get over 33% of any tv or prize money making the league even more uncompetitive). In the long term most of the other clubs will benefit. Rangers would be back in ,hopefully a more competitive SPL, in 3 years.

What no-one outwith the Old Firm or Glasgow press seem to forget is that there are 10 other clubs in the SPL who combined are more important than those two.

(I haven't covered everything but you can't summarise 149 pages in 149 words)

[HibernianBohs]

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Hopefully you aren't fishing and I'm diving right in.

I think that whilst some clubs will lose out financially and the Sky TV deal would be under threat the general feeling on here is that the integrity of the game is under threat. This would be because

a) Rangers have effectively been cheating and would get off Scot Free. Why should they be allowed to stay in a league when Dunfermline or Hibs get relegated for playing the game with players they could afford and Hearts don't get the transfer fee they are due for Wallace? and
b) Sky would be dictating who could be in the SPL due to their need for 4 Old Firm games a season meaning the whole game doesn't have any credibility. (BTW Don't know what would happen if either Rangers or Celtic finished in bottom 6.)

If Rangers did get demoted to the bottom league they could make all the teams in the lower league financially secure for 10 years through the travelling support they would take and the novelty factor of having them in town. Surely that isn't bad for all of Scottish football.

Whilst they were paying their punishment this would give the other clubs the opportunity to vote in a new division of any tv money, prize money and get rid of the ridiculous need for an 11 to 1 majority for change which means the Bigot Brothers will no longer hold all the cards. (Currently top 2 get over 33% of any tv or prize money making the league even more uncompetitive). In the long term most of the other clubs will benefit. Rangers would be back in ,hopefully a more competitive SPL, in 3 years.

What no-one outwith the Old Firm or Glasgow press seem to forget is that there are 10 other clubs in the SPL who combined are more important than those two.

(I haven't covered everything but you can't summarise 149 pages in 149 words)

You managed to get everything that I was unsure about in there
Thanks mate, I understand you and agree with you now

[Golden Bear]

There is still ten minutes to submit a bid on behalf of Hibs Net. Chances like this are not to be missed.

[Haymaker]

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There is still ten minutes to submit a bid on behalf of Hibs Net. Chances like this are not to be missed.

[Hibernia&Alba]

Right, deadline passed. Where are we?

[Haymaker]

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Right, deadline passed. Where are we?

What happens if no one bid?

[1875godsgift]

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What happens if no one bid?

Stick 'em on ebay?

[Brando7]

As far as i can see there 2 main bidders

1. Blue knight so are bidding for the good of the club
2. Club 9 sports so are bidding more money

Administrator Duff & Phelps are there to get the best deal to pay of the creditors are they not? so it a no brainer for me really

Ranger FC are a business so should be treated like so

[At The Edge]

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Right, deadline passed. Where are we?

they'll probably 'extend' the deadline......
hopefully no one has bid and they'll go pop or that American mob have bid and they'll make RFC go pop

[HFC 0-7]

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Right, deadline passed. Where are we?

Well judging by whats been happening, they will issue another deadline for final, final bids.

[Hibernia&Alba]

Fudd & Phelps are saying they've had four bids - The Blue Knights, an American bid, a Singapore bid and a German bid (Huns )

[ancient hibee]

So that's the numpties with no dosh and three foreign companies who have read "How to make money from Scottish football" author V.Romanov.

[down-the-slope]

So thats Blue Nuns..and 3 overseas bidders that have not stuck their head above parapit yet....

Nuns will want a CVA...Guessing other 3 want Liquidation.....

Wonder if any of the 3 overseas bidders have seen highlights of the clubs great moments...such as against Manchesters Police service...

Blue Nuns will need Whytes 85% and he won't sell that without a big wedge..and they will struggle with CVA..and thats before BTC outcome....

The farce continues....As long as Platini / UEFA tell them to ram it...its all good..If they get liquidated its 3 years where there is at the very least a Champs league spot up for grabs

[Part/Time Supporter]

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So thats Blue Nuns..and 3 overseas bidders that have not stuck their head above parapit yet....

Nuns will want a CVA...Guessing other 3 want Liquidation.....

Wonder if any of the 3 overseas bidders have seen highlights of the clubs great moments...such as against Manchesters Police service...

Blue Nuns will need Whytes 85% and he won't sell that without a big wedge..and they will struggle with CVA..and thats before BTC outcome....

The farce continues....As long as Platini / UEFA tell them to ram it...its all good..If they get liquidated its 3 years where there is at the very least a Champs league spot up for grabs

Assuming Celtc don't keel over, there won't be. The co-efficient has fallen to the point where there will be only one CL place. That will take effect the season after next. It's only next season that the second CL place will be available, unless the European results improve dramatically (unlikely).

[Hibrandenburg]

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Fudd & Phelps are saying they've had four bids - The Blue Knights, an American bid, a Singapore bid and a German bid (Huns )

That last one was me. They'll have found a Bratwurst and some cyanide capsules in my envelope. About 50000 of them.

[Hibernia&Alba]

The American bid is surely the Club 9 Sports mob who put Tranmere Rovers on e-bay. Asset strippers who see a killing via liquidation. It will be interesting to find out who the Singapore and German groups are, what their plans are and what's in it for them. The Germans will probably be a neo-Nazi group who have fallen in love with the cuddly Teddy Bears' rioting and 'red hand' salutes. Expect an annual pre-season friendly in Nuremberg with lots of 'we are the people' type singing.

[Spike Mandela]

Alex Thomson tweeting a lot about Alex Salmond phoning HMRC and discussing RFC information only obtained using freedom of information. Holyrood refusing to discuss what was said as 'it would prejudice relations between London/Edin govts' hmmmmmm.