Generic Sevco / Rangers meltdown thread

[Gus Fring]

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Richard Winton on Twitter saying that a new bidder is in for the club

@BBCAlLamont: Walter Smith is fronting a new bid for Rangers, with Jim McColl and Douglas Park involved

[CropleyWasGod]

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I once went to see a flat on the Sunday. It was mine by the Thursday.

There's always one. Do one

VVVVVVVVV

[shezer]

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Richard Winton on Twitter saying that a new bidder is in for the club

Walter Smith leading new bid

[Caversham Green]

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But there is no newco, so how can there be a vote, apparently happening on Monday, to transfer a licence that does not, and might not ever exist?



It was reported today I believe, that any newco would take at least 14 days to set up, so again we are at the question of, how can you vote on something that is not there to be voted on?

I just don't see how oldco can have any say/vote on something that will be directly linked to them, this is more than sporting integrity it's just basic ethics. For example, if Rod happened to be on a three man panel on whether P.F. should be punished for his gesture at the cup final, he would not be allowed to vote due to self interest, same goes for oldco.

There are 12 SPL shares in existence - that doesn't change. One of those shares is held by Rangers FC and they are proposing to transfer that share to a company that has just or will soon be set up - you can obtain a company online in about an hour for a payment of £13 now - and the impending vote is to determine whether or not the current 12 holders of the shares approve the transfer. Rangers are entitled to vote as the current holders of a share in the same way that a prime minister is entitled to vote in a general election. If RFC disappeared before a newco was formed the share would revert to the SPL board to be offered to another club, probably Dundee subject to a similar vote of the remaining 11 clubs plus the SPL board, but the share would not cease to exist.

[StevieC]

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Richard Winton on Twitter saying that a new bidder is in for the club

This is no real surprise.

The opportunity to buy a debt free Rangers for little more than £5.5m, regardless of where they are playing their football next season, is a very attractive offer.



Mad Vlad might even consider it

[Peevemor]

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@BBCAlLamont: Walter Smith is fronting a new bid for Rangers, with Jim McColl and Douglas Park involved

What - they're moving to Hamilton with the boy from the Beechgrove Garden as owner?

[HibeeMG]

STATEMENT FROM WALTER SMITH
"I can today confirm that following talks over the last few weeks I am leading a new bid for Rangers Football Club.
"I have been assisted by Jim McColl, Douglas Park and other prominent Scottish businessmen with a shared objective - that Rangers Football Club should be in the hands of Rangers people who will stabilise the club and protect it from future situations like we find ourselves in today.
"With this in mind, representatives have, on behalf of my group, made representations to BDO, Duff and Phelps and indeed Charles Green, notifying them of our willingness to offer on the "Newco" basis on which Mr Green is proceeding.
"We would call on Mr Green to step aside and allow us to proceed with our deal which is in the best interests of the creditors, the employees, the fans and the various other stakeholders of Rangers Football Club.
"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the Club.
"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.
"Let's be clear, this is an acquisition designed to stabilise the Club and ensure history does not repeat itself.
"We are not in this to take money out of the Club but more so to do whatever it takes in a turnaround plan to ensure within a few years the Club can be passed on intact and to the right people.
"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the Club inside and out to control its destiny.
"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.
"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the Club cannot and will not survive.
"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for

[Frazerbob]

STATEMENT FROM WALTER SMITH
"I can today confirm that following talks over the last few weeks I am leading a new bid for Rangers Football Club.
"I have been assisted by Jim McColl, Douglas Park and other prominent Scottish businessmen with a shared objective - that Rangers Football Club should be in the ha...nds of Rangers people who will stabilise the club and protect it from future situations like we find ourselves in today.
"With this in mind, representatives have, on behalf of my group, made representations to BDO, Duff and Phelps and indeed Charles Green, notifying them of our willingness to offer on the "Newco" basis on which Mr Green is proceeding.
"We would call on Mr Green to step aside and allow us to proceed with our deal which is in the best interests of the creditors, the employees, the fans and the various other stakeholders of Rangers Football Club.
"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the Club.
"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.
"Let's be clear, this is an acquisition designed to stabilise the Club and ensure history does not repeat itself.
"We are not in this to take money out of the Club but more so to do whatever it takes in a turnaround plan to ensure within a few years the Club can be passed on intact and to the right people.
"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the Club inside and out to control its destiny.
"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.
"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the Club cannot and will not survive.
"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for."

[hibs0666]

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Walter Smith leading new bid

Nice bit of attention-seeking from Walter there. I always thought that Douglas Park was a yam but there you go.

[Joe's ice cream]

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What - they're moving to Hamilton with the boy from the Beechgrove Garden as owner?

Statment from Wally

"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the club.
"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.
"Let's be clear, this is an acquisition designed to stabilise the club and ensure history does not repeat itself.
"We are not in this to take money out of the club but more so to do whatever it takes in a turnaround plan to ensure within a few years the club can be passed on intact and to the right people.
"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the club inside and out to control its destiny.
"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.
"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the club cannot and will not survive.
"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for."
1500:
Walter Smith statement
"I can today confirm that following talks over the last few weeks I am leading a new bid for Rangers Football Club.
"I have been assisted by Jim McColl, Douglas Park and other prominent Scottish businessmen with a shared objective - that Rangers Football Club should be in the hands of Rangers people who will stabilise the club and protect it from future situations like we find ourselves in today.
"With this in mind, representatives have, on behalf of my group, made representations to BDO, Duff and Phelps and indeed Charles Green, notifying them of our willingness to offer on the "Newco" basis on which Mr Green is proceeding.
"We would call on Mr Green to step aside and allow us to proceed with our deal which is in the best interests of the creditors, the employees, the fans and the various other stakeholders of Rangers Football Club.
"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the club.
"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.
"Let's be clear, this is an acquisition designed to stabilise the club and ensure history does not repeat itself.
"We are not in this to take money out of the club but more so to do whatever it takes in a turnaround plan to ensure within a few years the club can be passed on intact and to the right people.
"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the club inside and out to control its destiny.
"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.
"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the club cannot and will not survive.
"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for."

Brilliant- cant help themselves, Rangers Family, blah blah balh - as for "return the institution to the standards it is known for." you can only maks it up

[johnrebus]

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STATEMENT FROM WALTER SMITH
"I can today confirm that following talks over the last few weeks I am leading a new bid for Rangers Football Club.
"I have been assisted by Jim McColl, Douglas Park and other prominent Scottish businessmen with a shared objective - that Rangers Football Club should be in the ha...nds of Rangers people who will stabilise the club and protect it from future situations like we find ourselves in today.
"With this in mind, representatives have, on behalf of my group, made representations to BDO, Duff and Phelps and indeed Charles Green, notifying them of our willingness to offer on the "Newco" basis on which Mr Green is proceeding.
"We would call on Mr Green to step aside and allow us to proceed with our deal which is in the best interests of the creditors, the employees, the fans and the various other stakeholders of Rangers Football Club.
"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the Club.
"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.
"Let's be clear, this is an acquisition designed to stabilise the Club and ensure history does not repeat itself.
"We are not in this to take money out of the Club but more so to do whatever it takes in a turnaround plan to ensure within a few years the Club can be passed on intact and to the right people.
"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the Club inside and out to control its destiny.
"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.
"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the Club cannot and will not survive.
"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for."

Is Wattie as thick as the rest of them?


It will be a NEW club.


There is no history.

[MB62]

According to Forth news, Walter Smith and the guy Parks from Parks of Hamilton have contacted Duff and Duffer to say they are interested in buying rangers under the NEWCO status

[johnrebus]

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Statment from Wally

"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the club.
"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.
"Let's be clear, this is an acquisition designed to stabilise the club and ensure history does not repeat itself.
"We are not in this to take money out of the club but more so to do whatever it takes in a turnaround plan to ensure within a few years the club can be passed on intact and to the right people.
"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the club inside and out to control its destiny.
"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.
"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the club cannot and will not survive.
"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for."
1500:
Walter Smith statement
"I can today confirm that following talks over the last few weeks I am leading a new bid for Rangers Football Club.
"I have been assisted by Jim McColl, Douglas Park and other prominent Scottish businessmen with a shared objective - that Rangers Football Club should be in the hands of Rangers people who will stabilise the club and protect it from future situations like we find ourselves in today.
"With this in mind, representatives have, on behalf of my group, made representations to BDO, Duff and Phelps and indeed Charles Green, notifying them of our willingness to offer on the "Newco" basis on which Mr Green is proceeding.
"We would call on Mr Green to step aside and allow us to proceed with our deal which is in the best interests of the creditors, the employees, the fans and the various other stakeholders of Rangers Football Club.
"None of our group has any desire to own Rangers Football Club but we have put this deal in place to save the club.
"However, our overriding objective is to ensure that the stadium, the history and everything else magical about Rangers Football Club is protected and nurtured back to good health and provide a platform for Rangers for generations to come.
"Let's be clear, this is an acquisition designed to stabilise the club and ensure history does not repeat itself.
"We are not in this to take money out of the club but more so to do whatever it takes in a turnaround plan to ensure within a few years the club can be passed on intact and to the right people.
"The supporters should be under no illusion that it will be extremely hard but with their support we can overcome financial hardship that lies ahead by lending their support to what we feel is the correct way forward - for Rangers people who know the club inside and out to control its destiny.
"The prominent Scottish businessmen involved have agreed to provide acquisition funding to allow myself and a management team to take on Rangers Football Club and make the business self-sufficient with long term sustainability being essential.
"I would hope that this offer is fully supported by everyone in the Rangers Family as without them the club cannot and will not survive.
"We therefore want to ensure honesty and transparency in everything we do. We want to rebuild Rangers Football Club and in doing so return the institution to the standards it is known for."

Brilliant- cant help themselves, Rangers Family, blah blah balh - as for "return the institution to the standards it is known for." you can only maks it up

What's that then?

Back to dragging Scottish Football and Scotland itself through the gutter?


No thanks.

[monktonharp]

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According to Forth news, Walter Smith and the guy Parks from Parks of Hamilton have contacted Duff and Duffer to say they are interested in buying rangers under the NEWCO status

ooooooer! that's impressive. Parks made their money by running scab buses during the miner's strike! gave them the capital for a new fleet

[Spike Mandela]

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@BBCAlLamont: Walter Smith is fronting a new bid for Rangers, with Jim McColl and Douglas Park involved

Ha ha finally the original agenda of this whole farcical saga becomes clear. Ever get the feeling you've been cheated

[Monts]

So technically walter could be using the money hes taken through EBTs to buy the club?

The merry-go-round continues...

[1two]

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Ha ha finally the original agenda of this whole farcical saga becomes clear. Ever get the feeling you've been cheated

Exactly
If they're not interested in owning rangers and only look to protect the clubs history etc where were they before the oldco were finished

[Zondervan]

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There are 12 SPL shares in existence - that doesn't change. One of those shares is held by Rangers FC and they are proposing to transfer that share to a company that has just or will soon be set up - you can obtain a company online in about an hour for a payment of £13 now - and the impending vote is to determine whether or not the current 12 holders of the shares approve the transfer. Rangers are entitled to vote as the current holders of a share in the same way that a prime minister is entitled to vote in a general election. If RFC disappeared before a newco was formed the share would revert to the SPL board to be offered to another club, probably Dundee subject to a similar vote of the remaining 11 clubs plus the SPL board, but the share would not cease to exist.

This is the most reassuring statement on this thread! Wonder when Doncaster will make a statement to the same effect?

[johnbc70]

Greene does not stand a chance now.

[Paisley Hibby]

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So technically walter could be using the money hes taken through EBTs to buy the club?

The merry-go-round continues...

I thought he was one of the very few who did not get any money from the EBT?

[Paisley Hibby]

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Greene does not stand a chance now.

But Duff and Duffer have assured us all that the deal with Greene is binding...

[Lungo--Drom]

Totally with you there Spike, I fully believe that this announcement is the culmination of several months of behind the secret blue doors midnight meetings...
....and that this was ALWAYS WHAT WAS MEANT TO HAPPEN by those really working the strings. I believe a lot of the pish we have seen and heard over the past weeks was just a deliberately planned smokescreen to trick everyone and all along Herr Valter Hitler has been planning this along with "Rangers family friends". Sorry need to dash to the toilet now and throw up... :@

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Ha ha finally the original agenda of this whole farcical saga becomes clear. Ever get the feeling you've been cheated

[BarneyK]

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But Duff and Duffer have assured us all that the deal with Greene is binding...

Aye it is, Chuckie will be asked to step aside...

[Part/Time Supporter]

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But Duff and Duffer have assured us all that the deal with Greene is binding...

Potential for Hun civil war if Charlie sticks to his guns.

[Spike Mandela]

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But Duff and Duffer have assured us all that the deal with Greene is binding...

Doesn't stop Greene selling to them. Clearly McCoist was aware of this deal and his threat of resigning this morning helping to make Green even more unpopular. Crooks and cheats the lot of them.

Next the crusade about Sir Walter and Saint Ally the men that can be trusted by the SPL. RP and co don't have a chance.

[stokesmessiah]

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But Duff and Duffer have assured us all that the deal with Greene is binding...

Until fans say they wont buy season tickets and players say they wont transfer to Green's newco.

[BarneyK]

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Doesn't stop Greene selling to them. Clearly McCoist was aware of this deal and his threat of resigning this morning helping to make Green even more unpopular. Crooks and cheats the lot of them.

Next the crusade about Sir Walter and Saint Ally the men that can be trusted by the SPL. RP and co don't have a chance.

They do if they stick to their guns. Regardless who in charge, they cheated, they take their punishment.

[Andy74]

The same Walter Smith that helped spend Rangers into this situation?

Mind you, at £5.5 million for all those assets I might just pop into the bank tomorrow with a buisness plan.

[Spike Mandela]

Apparently Sir Walter Cheats consortium offering £6m. Hardly the massive increase in cash that would tempt administrators out of a binding deal unless consortium relying on public pressure to force Green to walk away. Unless this has been planned all along of course.

[down-the-slope]

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Having seen todays developments and for whats gone on in the past IMO Rangers WILL be relegated to the lower divisions.

SPL can't continue to ignore this nonsense - they will have to make a decision soon.

There is no mechanism for that.

Although might be seen as pedantic (wouldn't be the first time) The more clarity over some of this stuff the better as the amount of mis-information is frightening.

Member SPL clubs can vote whether to allow transfer of share (just be glad this was changed or it would have been board) or not. What happens after that is of no concern / influence of SPL.
SPL/SFL have no arrangements / agreements to the effect of what happens next to a 'league less' club

Should it be a NO the NewCo would have to apply to SFL as there is no automatic right / system for them to go into their league....