Generic Sevco / Rangers meltdown thread

[Spike Mandela]

This quote is hidden because you are ignoring this member. Show Quote

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

The merry-go-round continues...

Will any of the succulent lamb brigade have the balls to ask Sir Walter Cheat about his EBT payments in his first press conference?

Don't be silly

[green glory]

Rangerstaxcase tweeting, asking mainstream journos to ask about HIS EBT's, especially what he received while managing Scotland and Everton. Maybe Wally just needs to get his hands on some sensitive documents and the RFC shredder.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Will any of the succulent lamb brigade have the balls to ask Sir Walter Cheat about his EBT payments in his first press conference?

Don't be silly

According to the BBC investigation, there weren't any.

http://www.bbc.co.uk/news/uk-scotlan...-west-18148818

[GloryGlory]

This quote is hidden because you are ignoring this member. Show Quote

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.

Hmmmm... is it me, or was Uncle Watty (and his backers) waiting for others to do the dirty work and get Rangers liquidated, so that they could come in and be seen as the "saviours" of the club because it's not their fault that the club will be liquidated?

[matty_f]

This quote is hidden because you are ignoring this member. Show Quote

According to the BBC investigation, there weren't any.

http://www.bbc.co.uk/news/uk-scotlan...-west-18148818

They haven't seen evidence of any, which is different to there not being any

[green glory]

This quote is hidden because you are ignoring this member. Show Quote

According to the BBC investigation, there weren't any.

http://www.bbc.co.uk/news/uk-scotlan...-west-18148818

Remember these may only be the ones the BBC are aware of. RTC may have more info. In fact they seem pretty adamant.

[Spike Mandela]

This quote is hidden because you are ignoring this member. Show Quote

According to the BBC investigation, there weren't any.

http://www.bbc.co.uk/news/uk-scotlan...-west-18148818

Bugger!

Might still be worth asking though!

[down-the-slope]

This quote is hidden because you are ignoring this member. Show Quote

Is Wattie as thick as the rest of them?


It will be a NEW club.


There is no history.

we must do everything to ensure this is the case an pull up press etc when they start banging on about records etc.

No History No cup or league wins No stars on shirts....its just MK Dons with bigitory

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Bugger!

Might still be worth asking though!

Of course it is... keep the pressure on.

EDIT.. TBH, it is kinda surprising that he's not on the list.

[Twa Cairpets]

This quote is hidden because you are ignoring this member. Show Quote

we must do everything to ensure this is the case an pull up press etc when they start banging on about records etc.

No History No cup or league wins No starts on shirts....its just MK Dons with bigotry

[SHODAN]

Wasn't the newco vote supposed to be today?

What happened to that?

[Gingertosser]

My understanding is that Mark Daly only released about 15-20% of what he knows in the last TV programme.

Some info was held back for legal reasons (phone hacking), but some has been held back to put a larger spanner in the works at a later date...that will be after the SPL do SFA against the double contracts

Tweets coming from RangersTaxCase are on the ball !!!

[calmac12000]

Oh dear you could never have predicted that move could you now. That is if your a partisan of the "Big Hoose", however to many it will appear the typically cynical tactic we have come to expect from this mob i.e. shows that Rangers people are back in charge, almost if they have never been away. Cue the demands to have their cake and eat it i.e. we are nothing to do with anything the bad man/men have done, but at the same time we want to retain our history(well actually I don't think anyone else would soil themselves with it do you?). They do not want punished for any malfeasance, expect to step right back where they left off and of course the rest of us are to welcome them with outstretched arms. No doubt singing the Sash or other traditional anthem. The arrogance of all connected with Rangers is breathtaking, and there should be no way that they are allowed to practice such an obvious con trick

[sadtom]

So we've had the Whyte knights. The blue knights. The knights who say Ng. The Green knights. Now wattie turns up with The grey Knights. (or is it the blue cardie knights?).
Anyone else think they are waiting in Jason Orange to put in a bid? :-)

[ancienthibby]

Charles Green has confirmed he has completed the purchase of the business and assets of Rangers. @BBCSport 2 minutes ago

[Spike Mandela]

Charles Green completes transfer of assets deal.......

http://www.rangers.co.uk/news/footba...rticle/2811902

Now expect a Brian Kennedy/Paul Murray style press conference with Sir Walter Cheat.

[joe breezy]

The King of the EBTs is going to save the Gers



Rangers Tax-Case ‏@rangerstaxcase

Rangers Tax-Case Rangers Tax-Case ‏@rangerstaxcase
Questions for Walter: Can you tell us in comprehensive detail about all payments you received through the EBT scheme?


Rangers Tax-Case Rangers Tax-Case ‏@rangerstaxcase
Questions for Walter: Can you tell us why those payments were made?


Rangers Tax-Case Rangers Tax-Case ‏@rangerstaxcase
Questions for Walter: Can you tell us when those payments were made?


Questions for Walter: And lastly- were you the Everton and/or Scotland manager at the time? i.e. long after you left RFC employment
Expand

http://z5.ifrm.com/5902/57/0/e5032433/e5032433.gif

[s.a.m]

Sky News Newsdesk‏@SkyNewsBreakCharles Green has completed purchase of the business and assets of Rangers

Chris McLaughlin‏@BBCchrismclaug
CG: the transfer of the business and assets to the newco has taken effect immediately. #Rangers



So......where does that leave the voting shenanigans? (I'm possibly just being thick, and missing the obvious.) If everything has been transferred to the Newco, can they vote?

[green glory]

This quote is hidden because you are ignoring this member. Show Quote

My understanding is that Mark Daly only released about 15-20% of what he knows in the last TV programme.

Some info was held back for legal reasons (phone hacking), but some has been held back to put a larger spanner in the works at a later date...that will be after the SPL do SFA against the double contracts

Tweets coming from RangersTaxCase are on the ball !!!

RTC have always intimated the 'nuclear' info they have will only be made known at a pertinent time. Maybe not long to wait, and hopefully it'll be sufficient to cause mayhem for the newco.

[marinello59]

This quote is hidden because you are ignoring this member. Show Quote

Charles Green has confirmed he has completed the purchase of the business and assets of Rangers. @BBCSport 2 minutes ago

Funny how quickly Duff and Phelps managed to move this one along isn't it?

[johnrebus]

This quote is hidden because you are ignoring this member. Show Quote

So we've had the Whyte knights. The blue knights. The knights who say Ng. The Green knights. Now wattie turns up with The grey Knights. (or is it the blue cardie knights?).
Anyone else think they are waiting in Jason Orange to put in a bid? :-)

Why not?

Billy Ocean is said to be part of the Green consortium. (although he's a Celtic fan)

You just could not write this stuff.

[WindyMiller]

This quote is hidden because you are ignoring this member. Show Quote

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.

Surely after all the hoo ha about "fit and proper" persons, the chairmen can't be seen to vote on it until the deal is completed. Then the newco would apply for membership, the SPL would take 2 weeks to gather, the new owners would be known and the chairmen can vote.

By that time time the oldco wouldn't actually exist ( no stadium no ground etc.) and would not qualify as a member of the SPL and therefore be unable to vote.

[Paisley Hibby]

This quote is hidden because you are ignoring this member. Show Quote

Charles Green has confirmed he has completed the purchase of the business and assets of Rangers. @BBCSport 2 minutes ago

So now there's nothing to stop him selling it on to Wattie's mob? He could trouser a few million for his trouble and then walk away?

[Benny Brazil]

This quote is hidden because you are ignoring this member. Show Quote

Charles Green has confirmed he has completed the purchase of the business and assets of Rangers. @BBCSport 2 minutes ago

See this really hacks me off - how can his deal to buy them lock stock and barrel for 5.5m be allowed? Why arent the HMRC trying to get the assests seperated and sell them off seperately - surely now they get absolutely zero back from what they were due?

[johnrebus]

This quote is hidden because you are ignoring this member. Show Quote

See this really hacks me off - how can his deal to buy them lock stock and barrel for 5.5m be allowed? Why arent the HMRC trying to get the assests seperated and sell them off seperately - surely now they get absolutely zero back from what they were due?

Can still be challenged in court.

[marinello59]

This quote is hidden because you are ignoring this member. Show Quote

Sky News Newsdesk‏@SkyNewsBreakCharles Green has completed purchase of the business and assets of Rangers

Chris McLaughlin‏@BBCchrismclaug
CG: the transfer of the business and assets to the newco has taken effect immediately. #Rangers



So......where does that leave the voting shenanigans? (I'm possibly just being thick, and missing the obvious.) If everything has been transferred to the Newco, can they vote?

No they can't as the oldco still has the SPL license. It makes no difference though as the oldco will vote yes anyway.

[krobertson12]

I've tried to keep up with everything thats happen today, but here's my take (and I might have missed a few things)

RFC are no more with the CVA rejection
Duff and Phelps/Greene are seen as the baddies
Walter Smith will now try and step in asking the money grabber Greene to step aside, so becoming the saviour.

I am actually all for Walter Smith coming in and sorting the deal (but I think Greene will shaft everyone unless the fans turn against him). My reason for this? I think Smith will accept the punishment of dropping down the league, out the cup for a few years and a massive fine. I also hope he will accept this quickly and settle the whole thing down! I get this from Smith's statement. He talks about hard times ahead regarding money. To me this screams that Smith and his party are willing to take the punishment, start from the bottom and live within their means.

If this was Hibs I'd be willing to accept 3rd division, cup ban, and a fine, but I would beg to drop the trasnfer ban. This way the club would look to restructure. No debt, players asked to take a wage cut to join newco or are free to find a new club, reduce costs accordingly, and beg the fans to support. Thats how I would have thought a respectable approach to the problem could be achieved. I hope Smith is thinking along the same lines.

For the record I want Rangers punished big time, but I also want the the situation resolved quickly so football can go back to normal!

[ancienthibby]

This quote is hidden because you are ignoring this member. Show Quote

So now there's nothing to stop him selling it on to Wattie's mob? He could trouser a few million for his trouble and then walk away?

Highly likely, Paisley!

Just wait for the BigHoose residents to turn their vile on Green as they did to Wild Bill.

The Yorkie man will happily take another million or three for his pension fund, once he ups the ante!

[Lungo--Drom]

Jason Orange? i don't think the Rangers fans would take that....
RAOFL :D

[CropleyWasGod]

Neck sticking out time here.

I am with Cav... I don't think the £5.5M is for the lock, stock and barrel. The CVA document clearly sets out the £5.5m payment as split between £200k for the exclusivity fee, and £5.3m for Intellectual Property Rights, Goodwill and Players' Contracts. There is no element allocated to Property.

http://www.rangers.co.uk/staticFiles...~177097,00.pdf Page 37

Also, the fact that the deal has been done so quickly suggests that no property was involved. Conveyancing, especially of 3 different properties, one of which has Listed status, another of which has Planning restrictions, would take a lot longer.

The question has to be asked.