Generic Sevco / Rangers meltdown thread

***grunt*** · 13-05-2012 07:23 AM

Chris McLaughlin‏@BBCchrismclaugBBC Scotland has learned that Charles Green has put pen to paper in a deal to buy #Rangers. More soon

***Jim44*** · 13-05-2012 07:37 AM

Originally Posted by grunt

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Chris McLaughlin‏@BBCchrismclaugBBC Scotland has learned that Charles Green has put pen to paper in a deal to buy #Rangers. More soon

I thought this bid was in the hands of the administrators a few days ago?

***Mon Dieu4*** · 13-05-2012 07:38 AM

Was just in bbc news green will buy them today, there is a press conference today and he has got finance from a group of Singapore business men, wants to go down the cva route and if that doesn't work its a newco

***grunt*** · 13-05-2012 07:47 AM

This all feels very rushed...

***Jamesie*** · 13-05-2012 07:47 AM

Presumably Green's bid is still subject to him completing due diligence on the books?

***Www1875hfc*** · 13-05-2012 07:48 AM

So Rangers last 2 owners have been green & whyte with the last buy cellik ? Someone's having a steffi Graf no ? Lol

**TheEastTerrace** · 13-05-2012 07:48 AM

10am conference to announce Green - don't worry folks, if his reputation proceeds him, the fun won't stop here

**macca70** · 13-05-2012 07:50 AM

Originally Posted by moff1875

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10am conference to announce Green - don't worry folks, if his reputation proceeds him, the fun won't stop here

BREKING NEWS

Former Sheffield United chief executive Charles Green has agreed a deal to buy Scottish Premier League side Rangers.

The deal will be announced at the club's training base Murray Park on Sunday when the 59-year-old is due to outline his plans.

It is understood Green wants to form a company voluntary arrangement (CVA) and he is backed with finance from Singapore businessmen.

He plans to watch Sunday's final SPL match of the season at St Johnstone.

More to follow.

***Mon Dieu4*** · 13-05-2012 07:51 AM

I've just checked out a sheffield united forum and don't think they like the guy much

**Hibs07p** · 13-05-2012 07:53 AM

Have the SFA got enough time to do check whether Green is a "fit and proper" person to own the Huns?

***Jim44*** · 13-05-2012 07:54 AM

Originally Posted by TrickyNicky

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I'm not sure where this debate of losing TV money has come from ?

I really feel the SPL have nothing to fear in regards to TV money if they decide to do the right thing, which really is the only option here if they are to have any respect for their position and abide by the rules.

What successful company would pull out of a TV deal because the authorities have shown integrity and made a decision that is for the benefit of the game.

That would be THE worst bit of PR ever and not one that SKY - whose business is pretty much " Sport " would be able to justify in any shape or form.

Q: " Why did you guy's pull the plug "
A: " Oh, we thought that honesty wasn't the way forward ".

Rangers might do walking away but I don't think Sky would hH
ave a choice in the matter.

Right enough, Rupert Murdoch wouldn't want to harm his reputation.

**shagpile** · 13-05-2012 07:56 AM

Originally Posted by Hibs07p

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Have the SFA got enough time to do check whether Green is a "fit and proper" person to own the Huns?

With his track record, i would say he suits them right down to the ground.

**Matty_Jack04** · 13-05-2012 07:57 AM

Originally Posted by Hibs07p

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Have the SFA got enough time to do check whether Green is a "fit and proper" person to own the Huns?

obviously this has been in the off for a good few weeks now so we've had plenty time to carry out all the propper measures ....SFA spin doctor monday morning

***Mon Dieu4*** · 13-05-2012 07:57 AM

Originally Posted by Hibs07p

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Have the SFA got enough time to do check whether Green is a "fit and proper" person to own the Huns?

Shouldn't take long, anyone wanting to buy that shower clearly isn't a fit and proper person!!!

**TheEastTerrace** · 13-05-2012 08:09 AM

The question needing clarified this morning is 'preferred bidder' or 'done deal'?

***Mon Dieu4*** · 13-05-2012 08:14 AM

Originally Posted by moff1875

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The question needing clarified this morning is 'preferred bidder' or 'done deal'?

Got the impression from the news it was a done deal but who knows

**Beefster** · 13-05-2012 08:16 AM

No due diligence? Does anyone ever buy a company without doing due diligence?

**shagpile** · 13-05-2012 08:22 AM

Originally Posted by moff1875

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The question needing clarified this morning is 'preferred bidder' or 'done deal'?

http://www.google.co.uk/url?sa=t&rct...DbXVCTfxOu3f9A

I have a sneaky suspicion we aren't finished yet.

**down-the-slope** · 13-05-2012 08:23 AM

So 10am Press conference - just enough time to set up the smoke and mirrors....expect another Pravda style masterclass.

remember they need cash right now (million a month) they cant sell ST's as no clarity of being in any league. UEFA are going for the 3 year Euro ban what ever route is now taken (I think there is maybe a bit of revenge for Manchester in there) CVA has a coolong off period for creditors to object....this goes beyond end of this season...so they will still be in admin come new season deadline and so more points deductions...and still the other clubs have new rules to decide on....

The only concern is they are trying to get to a point where NewCo happens (in other words pretend want CVA to placate the morons...when reall NewCo is cheaper and suits thier needs to leave debts behind) before 30th ay when its still SFA and not all clubs that would have to make desicion on any such application......

***Hibernia&Alba*** · 13-05-2012 08:23 AM

Originally Posted by Beefster

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No due diligence? Does anyone ever buy a company without doing due diligence?

Perhaps someone with no interest in keeping the club as a going concern?

This guy Green had better not be on the level. I'd be most upset.

**robinp** · 13-05-2012 08:23 AM

Originally Posted by Beefster

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No due diligence? Does anyone ever buy a company without doing due diligence?

RBS>Abn Amro ....... that turned out well.

Everybody seems to be forgetting, they still have to agree a CVA, they are not out the woods yet, not by a long shot.

***Mon Dieu4*** · 13-05-2012 08:26 AM

What's the situation with the players contracts will they revert back to normal wages once todays game is over and done with?

***Barney McGrew*** · 13-05-2012 08:29 AM

Originally Posted by Mon Dieu4

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What's the situation with the players contracts will they revert back to normal wages once todays game is over and done with?

According to what's being reported, yes they will

***Mon Dieu4*** · 13-05-2012 08:31 AM

Originally Posted by Barney McGrew

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According to what's being reported, yes they will

Cheers bud, that's obviously not going to help them much

***greenginger*** · 13-05-2012 08:37 AM

Originally Posted by Hibs07p

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Have the SFA got enough time to do check whether Green is a "fit and proper" person to own the Huns?

http://company-director-check.co.uk/director/902819485

I think it might be more than a 5 minute job to get through this lot.

Must be the wrong Green Date of Birth 1925 ? I'll keep looking.

**hibee_nation** · 13-05-2012 08:48 AM

Originally Posted by greenginger

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http://company-director-check.co.uk/director/902819485

I think it might be more than a 5 minute job to get through this lot.

Looks promising 14 companies all ended up bankrupt one way or other.

**shagpile** · 13-05-2012 08:49 AM

Originally Posted by greenginger

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http://company-director-check.co.uk/director/902819485

I think it might be more than a 5 minute job to get through this lot.

He is definitely the man for the job!!! An expert in liquidating & dissolving companies. Cheerio, cheerio, cheerio

**Onceinawhile** · 13-05-2012 08:50 AM

So rangers last two owners will have been green and whyte?? Hahaha.

**calmac12000** · 13-05-2012 08:54 AM

Originally Posted by Beefster

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No due diligence? Does anyone ever buy a company without doing due diligence?

I mean has anyone checked he's a Protestant?

**shagpile** · 13-05-2012 08:55 AM

Originally Posted by greenginger

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http://company-director-check.co.uk/director/902819485

I think it might be more than a 5 minute job to get through this lot.

Must be the wrong Green Date of Birth 1925 ? I'll keep looking.

Charles Alexander Green is the guy. When you click on the link to check his status as a director of companies ,it comes up as 'block all results' He wouldn't have something to hide? Would he?

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