Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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Rangers bidder Bill Ng denies agreeing a deal with Ticketus...

http://www.bbc.co.uk/sport/0/football/17739292

Too late

[stokesmessiah]

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Is there an exact date set aside for the decisions on the WTC and the BTC?

Wouldn't want to go on holiday and miss it - I don't the same influence over D&P as your good self....,

Possibly the most asked question in this thread along with "are those ******** dead yet?"

[Dan Sarf]

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Too late

Never get tired of reading stuff like this.

[sadtom]

So it looks like a straight fight between 'the Blue Knights' and 'the Knights who say Ng.'

[CropleyWasGod]

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So it looks like a straight fight between 'the Blue Knights' and 'the Knights who say Ng.'

The Blue Knights are out

[ancient hibee]

Kennedy says that this is very worrying for everybody.Not to me.

[sadtom]

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The Blue Knights are out

I heard it was just a flesh wound!

Also Brian Kennedy is out. They asked him "what is your favourite colour?"
He replied "Green...no blue...no orange...arghhhhhhhhhhhh!!"

[ancienthibby]

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The Blue Knights are out

The Blue Knights are on the sidelines according to themselves.

Apparently, they are waiting to see the colour of the Singaporean dollar!!

Can anyone help? If it's no blue, there's likely to be an allergic reaction!

Then, it seems Mr Bill Ng wants to encourage a swap programme for his Singaporean players with those of Singaporean HunsNewco!

How will the residents of 'the Big Hoose' cope with such humiliation!

[CropleyWasGod]

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The Blue Knights are on the sidelines according to themselves.

Apparently, they are waiting to see the colour of the Singaporean dollar!!

Can anyone help? If it's no blue, there's likely to be an allergic reaction!

Then, it seems Mr Bill Ng wants to encourage a swap programme for his Singaporean players with those of Singaporean HunsNewco!

How will the residents of 'the Big Hoose' cope with such humiliation!

huMALAYation, Shirley?



oh, and here is the colour....

http://en.wikipedia.org/wiki/Singapore_dollar

This'll no please the Huns.... on the $1 note, there is this:- "A stylized Singapore lion symbol flanked by two stalks of paddy."

[ancienthibby]

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huMALAYation, Shirley?



oh, and here is the colour....

http://en.wikipedia.org/wiki/Singapore_dollar

This'll no please the Huns.... on the $1 note, there is this:- "A stylized Singapore lion symbol flanked by two stalks of paddy."

Visited that site before posting - there's nae sign of Hun Blue - only same vapid dis-colouration!

[ancienthibby]

Check the opening statement of this story:

http://www.bbc.co.uk/news/uk-scotlan...itics-17735989

Now, there's hope for Craikie White - he's got a defamation case opportunity against J Lamont!!

[Jack]

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Rangers bidder Bill Ng denies agreeing a deal with Ticketus...

http://www.bbc.co.uk/sport/0/football/17739292

Bill Ng will be a Big Nil before long :-D

[CropleyWasGod]

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Check the opening statement of this story:

http://www.bbc.co.uk/news/uk-scotlan...itics-17735989

Now, there's hope for Craikie White - he's got a defamation case opportunity against J Lamont!!

That's pretty pathetic.

Apart from the childishness of it all, it is also inaccurate. Craigie hasn't been cheating on his taxes (unlike, allegedly, his predecessor)... he just hasn't been paying them. Big difference.

Silly.

[ancienthibby]

Beeb Radio reporting that the Collyer Bristow team, formerly attached to Craikie White, have been hit by Duff and Duffer with a £25 million action!

It Just gets better and better.

The lawyers are just loving this!

Listen to 810 MW!

[Leithenhibby]

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Beeb Radio reporting that the Collyer Bristow team, formerly attached to Craikie White, have been hit by Duff and Duffer with a £25 million action!

It Just gets better and better.

The lawyers are just loving this!

Listen to 810 MW!

I'm no sure how long ma side will hold out...... it's 20 mins on, 20 mins off

[PaulSmith]

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Beeb Radio reporting that the Collyer Bristow team, formerly attached to Craikie White, have been hit by Duff and Duffer with a £25 million action!

It Just gets better and better.

The lawyers are just loving this!

Listen to 810 MW!

That'll be the same Collyer Bristow who are already involved in a £50m law suit that could see them collapse.

That's due to resume at High Court in May, if they lose likely to appeal and it'll drag on again as CB are counter suing someone else.
In essence D&P are wasting their time unless they think keeping Rangers in admin for over 12 months is viable

[ancienthibby]

Here's a wee bit more:

Rangers owner Craig Whyte's lawyers face damages claim

By Chris McLaughlinSenior Football Reporter, BBC Scotland
The legal firm appointed by Craig Whyte to conduct his takeover of Rangers last May is facing damages claims of £25m from the club's administrators.
Duff & Phelps is claiming the cash from legal firm Collyer Bristow over its role in Rangers' administration.
Additional claims relate to Collyer Bristow's involvement in Whyte's takeover deal and its structure.
But the firm has branded the claims "highly speculative" and has pledged to "vigorously defend" them.
More to follow...

[Bishop Hibee]

Good to hear John Yorkston the Pars Chairman basically say he would not support a newco getting straight back into the SPL.

[greenginger]

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Here's a wee bit more:

Rangers owner Craig Whyte's lawyers face damages claim

By Chris McLaughlinSenior Football Reporter, BBC Scotland
The legal firm appointed by Craig Whyte to conduct his takeover of Rangers last May is facing damages claims of £25m from the club's administrators.
Duff & Phelps is claiming the cash from legal firm Collyer Bristow over its role in Rangers' administration.
Additional claims relate to Collyer Bristow's involvement in Whyte's takeover deal and its structure.
But the firm has branded the claims "highly speculative" and has pledged to "vigorously defend" them.
More to follow...

I thought Duff and Phelps were involved in Craigy boys takeover as well ? Perhaps they should suing themselves as well.

[jgl07]

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Beeb Radio reporting that the Collyer Bristow team, formerly attached to Craikie White, have been hit by Duff and Duffer with a £25 million action!

It Just gets better and better.

The lawyers are just loving this!

Presumably not including Collyer Bristow?

[green glory]

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Check the opening statement of this story:

http://www.bbc.co.uk/news/uk-scotlan...itics-17735989

Now, there's hope for Craikie White - he's got a defamation case opportunity against J Lamont!!

I think we can fairly say the SNP are doing a better job than labour in pretty much every sphere of government, local or national. As for Whitey, I think he's done a magnificent job so far!

[Hibs07p]

Are the administrators not just trying to keep Rangers alive to fulfill their fixtures and avoid other sanctions, before putting them into liquidation?

[CropleyWasGod]

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Are the administrators not just trying to keep Rangers alive to fulfill their fixtures and avoid other sanctions, before putting them into liquidation?

Don't see what the point would be in doing that. They are keeping them alive, in order to maximise the chance of selling them on.

[green glory]

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Are the administrators not just trying to keep Rangers alive to fulfill their fixtures and avoid other sanctions, before putting them into liquidation?

And to line their own pockets at the expense of the creditors.

[Hibs07p]

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Don't see what the point would be in doing that. They are keeping them alive, in order to maximise the chance of selling them on.

I don't see any benefits in only keeping them alive only to fulfill fixtures, but it seems D&P are prolonging the administration unnecessarily. The bids are in, they should be naming the preferred bidder IMO.

[RyeSloan]

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Don't see what the point would be in doing that. They are keeping them alive, in order to maximise the chance of selling them on.

Yet I am struggling to see what they have achieved on that front....with the club seemingly making further losses and as yet no confirmed bid.

I'm confused as to just how they are being kept alive, if as they seemed to state the club is still running at a loss who is covering that loss and looking at their list of creidtors I also struggle to understading just how the club is functioning in any sensible manner at all.

Had to laugh at McCoist getting a but uppity about the delay the other day saying they needed to organise pre season friendlies and a tour....urmmm you might need the club to still be in existance first Ally!!

[greenginger]

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Don't see what the point would be in doing that. They are keeping them alive, in order to maximise the chance of selling them on.

Liquidation before the season end means all their fixtures are void and automatic relegation with no opportunity to plead for special treatment.

I think they still expect to be in the SPL next season.

[CropleyWasGod]

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I don't see any benefits in only keeping them alive only to fulfill fixtures, but it seems D&P are prolonging the administration unnecessarily. The bids are in, they should be naming the preferred bidder IMO.

Given that the BK have moved the goalposts themselves with their throwing the toys out, I'm not surprised that the admins have delayed again. That said, the admins now have a time pressure. The longer the process goes on, the more likely they are to run out of cash.

I think we may see a decision on the preferred bidder very soon, perhaps this week.

[CropleyWasGod]

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Yet I am struggling to see what they have achieved on that front....with the club seemingly making further losses and as yet no confirmed bid.

I'm confused as to just how they are being kept alive, if as they seemed to state the club is still running at a loss who is covering that loss and looking at their list of creidtors I also struggle to understading just how the club is functioning in any sensible manner at all.

Had to laugh at McCoist getting a but uppity about the delay the other day saying they needed to organise pre season friendlies and a tour....urmmm you might need the club to still be in existance first Ally!!

The question of whether or not they are running at a "loss" is, IMO, almost irrelevant. At this stage, it's all about cash. They were able to negotiate the reduction in salaries, which gave them the cash-flow to trade until the end of the season, and to give them time to find a buyer. That cash is still there, and that is how they are still operating.

The problem now, though, is that the end of the season is approaching fast. Income will all but disappear... although they will probably have SPL prize-money to come.... and the question of the players' salaries will re-emerge. Some salaries will go back to what they were, some players may walk. The cash flow will become critical at that point. If there is no clear buying process in place, I can see the admins circling the wagons and winding things up.

[EuanH78]

Was just having a ponder there. Now I understand that the big tax case is is to establish whether the huns have been underpaying taxes by illegal means and the amount of back tax that 'should' be due in the event this is decided. Would the outcome of this case be proof of double contracts also?

If so, the very fact that expulsion from the league isnt the only thing being talked about is an absolute scandal. Pheonix companies etc.. is just a load of bull*****.