Generic Sevco / Rangers meltdown thread

[Jim44]

According to the Mail Online, dodgy but with quotes from Gatusso, Green has offered him a basic £12k + add-ons per week contract. Gatusso is happy with terms but says the CVA must be successful. Contradicting this, reports say Green now says they might accept the signing embargo.

[snooky]

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Nah... you're giving these plonkers far too much credit. They've messed up BIG TIME and only now realise that they've dug themselves into a hole that even the slippery huns cannot slither out of. Expulsion now awaits, along with the demise of the CVA & Greene's buy out plan. Having escaped proper punishment and pissed off everyone (HMRC, Ticketus, creditors, SFA/SPL, and all the other SPL clubs, the rest will then deny NewHun direct entry into the SPL. HMRC will insist on all their assets being sold on the open market, D&P will be prosecuted for collusion, deception and crimes against Scotland, Ally will flee to his beloved Engerlund to live with Sue as an exile, there will be a Parliamentary Enquiry into the cosy relationship between der Hun and the Scottish media with subsequent prosecutions for undeclared financial benefits, abuse of power and Chick Young. Murray will be stripped of his knighthood, Celtic will get sick of winning the SPL watched by home crowds of 8000 and return to Ireland. And in the year 2021, Hibernian FC will triumph winning the domestic Treble (for the 2nd year running) filling Easter Road for the first time ever

You heard it here first.

I was with you right up till you said we would win the Scottish in 2021 - aye, right. You took it too far.

[stokesmessiah]

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According to the Mail Online, dodgy but with quotes from Gatusso, Green has offered him a basic £12k + add-ons per week contract. Gatusso is happy with terms but says the CVA must be successful. Contradicting this, reports say Green now says they might accept the signing embargo.

http://www.dailymail.co.uk/sport/foo...=feeds-newsxml

I hope that every creditor sees this.

I also hope RFC dies.

[blackpoolhibs]

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http://www.dailymail.co.uk/sport/foo...=feeds-newsxml

I hope that every creditor sees this.

I also hope RFC dies.

Yip, **** you, once we have stitched everyone up its back to normal.

[snooky]

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Okay, I stand corrected on the Gattuso thing.

However, as I said (yesterday?), McCoist et al still have to go through the motions of preparing for next season, in the hope (or assumption?) that they will be in the SPL and allowed to sign players. If they didn't, and they were back to business as usual, they would be criticised by their fans for not being properly prepared.

On Gattuso, and presumably others, they would probably have an agreement whereby they will sign if..... etc etc.

C'mon Rod make Gattuso an offer, sign Whitty on a free and we could play them in midfield with Claros.

[calmac12000]

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With respect to whoever posted that, I wouldn't get your info from Facebook. Greene himself, today, seems to be moving towards accepting the signing embargo.

That#s awfully nice of him!

[DH1875]

If we start next season and they are signing the likes of Gattuso on 12k a week and in the SPL, then it really will be all over for me .
On the plus side, there will be a free ST up for grabs on here.

[StevieC]

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Nah, the SFA would bite his hand off and FIFA would be happy. They accepted the Swiss FA punishing Sion only with regards to playing the 6 illegal players. There were no further punishments for using civil courts.

But the SFA have already publicly stated that they will obey the law of the land and refer the case back where it will utilise one of the punishments open to them.
To backtrack on that now would be a major public humiliation.

[SteveHFC]

THE taxman has brought in a top finance firm to LIQUIDATE Rangers if Charles Green fails in his bid to save the club.

Read more: http://www.thescottishsun.co.uk/scot...#ixzz1xFNiOxIy

[CropleyWasGod]

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THE taxman has brought in a top finance firm to LIQUIDATE Rangers if Charles Green fails in his bid to save the club.

Read more: http://www.thescottishsun.co.uk/scot...#ixzz1xFNiOxIy

The Sun gets its stories from Hibs .net

[...WentToMowAnSPL]

I love the picture :-)

[lapsedhibee]

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I love the picture :-)

Pic is good but the caption's a bit odd. "The taxman has drawn up worrying plan for ground's sale."

How is the plan worrying? Does it go about snapping at the heels of sheep? More like glorious plan.

[HH81]

When do they vote on the cva?

[grunt]

Thursday

[Jack]

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THE taxman has brought in a top finance firm to LIQUIDATE Rangers if Charles Green fails in his bid to save the club.

Read more: http://www.thescottishsun.co.uk/scot...#ixzz1xFNiOxIy

If HMRC were going to accept the CVA then there would be no point in lining up anyone to liquidate them.

I see this as a clear indication of what's going to happen on Thursday.

Yipeeeeeeeeeeee

[CropleyWasGod]

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If HMRC were going to accept the CVA then there would be no point in lining up anyone to liquidate them.

I see this as a clear indication of what's going to happen on Thursday.

Yipeeeeeeeeeeee

Not quite, although I share your optimism. It's a procedural thing.

The original D&P proposal to creditors suggested that D&P would be liquidators in that event. That was amended, after consultation with creditors, to BDO, who are HMRC's preference.

[down-the-slope]

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IF, and its a big IF, he is not a carpet bagger. Getting hold of the club for next to nowt everyone else getting the blame, getting bumped down to Div 3 gives him a great return over 4/5 years as they return to the SPL and regain a prominent position - as they will over time. Hopefully, Scottish football will be more competitive in the long run and the national team and Scottish European performances will be better.

Football should view this as a well needed enema.

Exactly...but has to be seen to be trying and maintaining things...but cutting costs while maintaining income is the real business in such deals. The plan will partly be predicated on the assumption that Bears will renew on mass at same price as last year to watch a poorer or even U19 Team with a couple of over age players who are duff and can't get a move to better .....thats why King has stepped into mix publicly again...he knows that ST renewals are key to 'scam' working....or it being screwed...there is no investment only recycling of fans money (maybe they really are trying to be Green)

[BarneyK]

http://www.dailyrecord.co.uk/footbal...6908-23891458/

From the Record, in an "interview" with Chuckie Green -
It means nothing to Green other than that will be the time he has to raise a further £20m although he said last night that because of the players and staff who have left, Rangers are close to breaking even already.

How much were Wylde and Celik on exactly?

[Moulin Yarns]

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If HMRC were going to accept the CVA then there would be no point in lining up anyone to liquidate them.

I see this as a clear indication of what's going to happen on Thursday.

Yipeeeeeeeeeeee

I'm seeing a scenario where HMRC release the outcome of the 'big tax case' on Wednesday afternoon so that the creditors have time to digest the information that their 9p in the pound has suddenly become 0.9p in the pound before the meeting and vote on the CVA on Thursday.

[Leithenhibby]

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If HMRC were going to accept the CVA then there would be no point in lining up anyone to liquidate them.

I see this as a clear indication of what's going to happen on Thursday.

Yipeeeeeeeeeeee

I hope so ...

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Not quite, although I share your optimism. It's a procedural thing.

The original D&P proposal to creditors suggested that D&P would be liquidators in that event. That was amended, after consultation with creditors, to BDO, who are HMRC's preference.

Come on CWG, you need to give us more time to savour the good part in this thread.

[greenginger]

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I'm seeing a scenario where HMRC release the outcome of the 'big tax case' on Wednesday afternoon so that the creditors have time to digest the information that their 9p in the pound has suddenly become 0.9p in the pound before the meeting and vote on the CVA on Thursday.

Do creditors actually turn up and vote at these meetings or is the votes done in advance by post ?

Would'nt like to vote for the liquidisor with some of the Bears sitting behind me.

[lapsedhibee]

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Do creditors actually turn up and vote at these meetings or is the votes done in advance by post ?

Would'nt like to vote for the liquidisor with some of the Bears sitting behind me.

What could they do? Spit, throw cups of pish on you?

[Brando7]

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Do creditors actually turn up and vote at these meetings or is the votes done in advance by post ?

Would'nt like to vote for the liquidisor with some of the Bears sitting behind me.

The meeting of creditors of the Company will be held at 10am on 14 June 2012 at Ibrox Stadium.

[StevieC]

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Not quite, although I share your optimism. It's a procedural thing.

The original D&P proposal to creditors suggested that D&P would be liquidators in that event. That was amended, after consultation with creditors, to BDO, who are HMRC's preference.

Do you think that it's the HMRC ensuring that the ridiculous clause, for the sale of ALL assets to Green for £5.5m, doesn't go through?

I still get the impression that no-one really expects a CVA to be accepted, and Green/Whyte/D&P are all working behind the scenes to try and get a pre-packed NewCo straight back into the SPL with no debt.

[stokesmessiah]

This whole situation with Rangers has been a bit of a rollercoaster from start to finish, one minute i think they are dead the next they seem to be making some progress, I don't know why but i do now have a feeling that this CVA is going to get accepted at the vote.

Edit: http://www.bbc.co.uk/sport/0/football/18378555

[CropleyWasGod]

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Do you think that it's the HMRC ensuring that the ridiculous clause, for the sale of ALL assets to Green for £5.5m, doesn't go through?

.

There is still doubt about that, Stevie. Cav has pointed out that the document doesn't mention ALL assets, ie that the properties are not included. We don't know whether it's a typo or deliberate.

At the moment, I think HMRC are covering all eventualities by having BDO potentially involved.

[CropleyWasGod]

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The meeting of creditors of the Company will be held at 10am on 14 June 2012 at Ibrox Stadium.

Most of the votes will be cast by post.

[down-the-slope]

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Most of the votes will be cast by post.

Thats if the Loyal postal service manages to get them through....

[calmac12000]

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This whole situation with Rangers has been a bit of a rollercoaster from start to finish, one minute i think they are dead the next they seem to be making some progress, I don't know why but i do now have a feeling that this CVA is going to get accepted at the vote.

Edit: http://www.bbc.co.uk/sport/0/football/18378555

As I ehought from day one of this saga, liquidation ys the only realistic outcome. Barring any political interference the CVA will be rejected by HMRC. Particularly, when the Department supposedly is under pressure to deal with tax avoidance, it is highly unlikely to seek a sweetheart deal with Rangers which would do little or nothing pour encourage les autres. This is the objective relity of the situation which will not change simply because a bunch of Hun's wish it to.

[down-the-slope]

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http://www.dailyrecord.co.uk/footbal...6908-23891458/

From the Record, in an "interview" with Chuckie Green -
It means nothing to Green other than that will be the time he has to raise a further £20m although he said last night that because of the players and staff who have left, Rangers are close to breaking even already.How much were Wylde and Celik on exactly?

That is simply guff...you can only know that when you have figures for incom AND expenditure...as their income is in no way garunteed ST sales may flop...will they even be in SPL let alone getting the sweet 15% or 17% TV split for being in top 2 etc...talk of increasing sponsorship yup great untainted brand....

so its more wish & pind