Generic Sevco / Rangers meltdown thread

[cad]

I wonder if Super Swally will still be sticking around now that Uncle Walters bolted .

[green glory]

Starting to wonder how long even this Newco can last.

[Caversham Green]

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Sloppy BBC story:

http://www.bbc.co.uk/sport/0/football/18503656

The consortium led by former manager Walter Smith has withdrawn its offer to take over the 'newco' Rangers.

Surely that should be newco "Rangers"? Newco they are, Rangers they're not.

The offer was made to the administrators before the Charles Green consortium had concluded their transaction to acquire the assets.

So why did D&P not accept an offer of half a million more than the original on? Maybe Wattie wanted Ibrox and Murray Park as well.

[PatHead]

Damn- Club 12 are above us in the league according to the BBC. They are however in the position Dundee would occupy alphabetically-

do they know something we don't)

Scottish Premier League

1	Aberdeen	0	0	0
No movement 2	Celtic	0	0	0
No movement 3	Club 12	0	0	0
Moving down 4	Dundee Utd	0	0	0
Moving down 5	Hearts	0	0	0
Moving down 6	Hibernian	0	0	0
Moving down 7	Inverness CT	0	0	0
Moving down 8	Kilmarnock	0	0	0
Moving down 9	Motherwell	0	0	0
No movement 10	Ross County	0	0	0
No movement 11	St Johnstone	0	0	0
No movement 12	St Mirren	0	0	0

[greenginger]

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Starting to wonder how long even this Newco can last.

I don't think its a case of walking away more stepping aside whilst Green and Co fall on their a*rses. Little or no season ticket money, no new sponsorships for the New Club, no players to sell, and first monthly wages due soon.

They could fold again before the season starts.

[calumhibee1]

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I don't think its a case of walking away more stepping aside whilst Green and Co fall on their a*rses. Little or no season ticket money, no new sponsorships for the New Club, no players to sell, and first monthly wages due soon.

They could fold again before the season starts.

Who's monthly wages? Surely the Newco don't have any employees yet?

[CropleyWasGod]

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Who's monthly wages? Surely the Newco don't have any employees yet?

They will probably have the admin staff, who will have transferred their employments. Those people don't have the luxury of being paid megabucks by an alternative employer in the Midlands of England.

[sadtom]

Jesus wept! That hun website is like a peek into the land that time forgot. This was my particular fav, not a punctuation mark to speak of.

"hate this little rat regan so ****in mutch my ****in teeth hurt I hope to god I don't run into him I'd get lifted and that's no threat of me hitting his we all need to stand up to these *******s they are trying to distroy ower proddy way of life this is not just about killing the gers its as I said destroying
ower proddy way of life we all must do what we can to keep it do not let them win"

Managed to spell our as 'ower' not once but twice!!
This is the level of intellegence we are up against. Not exactly a mensa convention is it?

[ScottB]

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I don't think its a case of walking away more stepping aside whilst Green and Co fall on their a*rses. Little or no season ticket money, no new sponsorships for the New Club, no players to sell, and first monthly wages due soon.

They could fold again before the season starts.

The wording definitely sounds like they expect Green to crash and burn. If he can't even state his funding levels and who is involved with him to a consortium of potential investors, that says it all. Unless of course that is all just a play to keep the Rangers fans against Green, but I can't see the need for that.

Good to see they've strenuously applied the 'fit and proper' persons test to the Green group then...

[MrSmith]

Uncle Wattie's paid lip service in order to come across as a wanna be saviour in the eyes of the masses ...

This will be to subvert attention away from the glaring, although alleged, EBT/Dual contracts that he was allegedly part of!

I can see sphincters a twitchin ... how many will try the steer to ensure HMRC do not come a knockin'?

[EuanH78]

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So Walter DOES do walking away..... had his wee bit of PR and now offski....

More likely realises he's about to be shat on from a great height by the taxman I would wager.

[green glory]

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More likely realises he's about to be shat on from a great height by the taxman I would wager.

Aye. Souness too. For sure.

[Brando7]

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Could Green draft up an agreement saying that he will allow RFC(IA) to play at Ibrox if they are still in SPL as a means of making sure that the old club meet SPL membership and retain their SPL share?

He could lease them the use of the ground, players not transferred yet so i guess they still employed by oldhuns?

[green glory]

https://twitter.com/alextomo/status/215092593791467523

Tee-hee. I can't get enough of this.

[StevieC]

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I don't think its a case of walking away more stepping aside whilst Green and Co fall on their a*rses. Little or no season ticket money, no new sponsorships for the New Club, no players to sell, and first monthly wages due soon.
They could fold again before the season starts.

I'm thinking the same.

The Green bid is based on them getting the SPL share and playing in the SPL .. neither are a "given" at the moment.

The Green takeover, whilst we're told is "binding", isn't actually completed fully until the end of July (if I remember rightly). If they miss out on either the SPL share/status then I suspect they'll simply pull the plug on the deal. That's when WS and Co. will step in and purchase what they need, possibly from the liquidator(?).

[Cabbage East]

http://http://www.bbc.co.uk/sport/0/football/18509619

[Off the bar]

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https://twitter.com/alextomo/status/215092593791467523

Tee-hee. I can't get enough of this.

your right! this just gets better and better, anyone care to guess the nature of this next fraud? gota be souness and dodgy payments for signing Tugay when at blackburn and Boumsong when at newcastle those two transfers just stink, the nets closing now!

get it up you ya hun *******s! see you in four seasons if your not bust again!

[green glory]

http://www.bbc.co.uk/sport/0/football/18509619

[Suburban Hibby]

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your right! this just gets better and better, anyone care to guess the nature of this next fraud? gota be souness and dodgy payments for signing Tugay when at blackburn and Boumsong when at newcastle those two transfers just stink, the nets closing now!

get it up you ya hun *******s! see you in four seasons if your not bust again!

can you post what has been tweeted?

[Off the bar]

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can you post what has been tweeted?

alex thomson ‏@alextomo

Lawyer connected to fmr Rangers manager tells ‪#c4news‬ "there's a massive fraud in Rangers waiting to come out"



instead of working, each day I'm now just going to get a deck chair, some pop corn and sit back and enjoy RFC falling apart! happy days

[BoltonHibee]

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http://www.bbc.co.uk/sport/0/football/18509619

"The proposed name for the new Rangers company is 'The Rangers Football Club Ltd'. All UK companies limited by liability via shares or guarantee must end with 'Limited' or 'Ltd.' - only public companies traded on the stock exchange can end in PLC or P.L.C."

Not sure that is factually correct

[green glory]

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can you post what has been tweeted?

https://twitter.com/alextomo/status/214846901722419200

[IWasThere2016]

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alex thomson ‏@alextomo

Lawyer connected to fmr Rangers manager tells ‪#c4news‬ "there's a massive fraud in Rangers waiting to come out"



instead of working, each day I'm now just going to get a deck chair, some pop corn and sit back and enjoy RFC falling apart! happy days

Pop corn .. some champers more like

[jgl07]

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"The proposed name for the new Rangers company is 'The Rangers Football Club Ltd'.

The Rangers Football Club Ltd is an anagram for:

Flute Cabals Debt Throng Roll

[WindyMiller]

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The Rangers Football Club Limited is an anagram for:

Flute Cabals Debt Throng Roll

I always new that how it would all come out.

[EuanH78]

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The Rangers Football Club Limited is an anagram for:

Flute Cabals Debt Throng Roll

Also,

Athletic Ramblers Flute Blooding

[Hin10]

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Also,

Athletic Ramblers Flute Blooding

A A Clobbered Refilling Sloth Mutt
A A Clobbered Theft Misruling Toll
A A Clobbered Theft Mortising Lull
A A Clobbered Glutton Filler Smith

I'll get ma coat

[Brando7]

today just gets better n better

http://www.bbc.co.uk/sport/0/football/18509619


BBC Scotland has learned that Charles Green's Sevco 5088 company is not currently permitted to inherit the name "The Rangers Football Club".

Any attempt to adopt the name "The Rangers Football Club" would require the approval of the liquidators, BDO.

Companies House has said that a name change application has not been made by Sevco 5088, and may not be possible.

The consortium insists the full name will be transferred over to Sevco 5088 in due course.

"The Rangers Football Club P.L.C.", which has the registered company number SC004276, has not yet been dissolved, but will inevitably be liquidated due to unpaid debts.

BBC Scotland can confirm that the company's liquidators, BDO, have not yet taken control of the company's affairs, and may not do so for some time.
Continue reading the main story

“Sevco 5088 would not be able to apply to change its name to The Rangers Football Club Ltd. until either the original company is fully dissolved, a process which can take about a year to complete, or the receivers give the go-ahead for the name change to take place”

Companies House spokesperson

Green's consortium confirmed to BBC Scotland that a purchase of the assets and intellectual property of The Rangers Football Club P.L.C. has been concluded with the administrators Duff & Phelps, which includes the company name.

The consortium insists the full name will be transferred in due course and that a name change is not currently an issue because liquidation of the old company has not yet commenced.

However, a Companies House spokesperson told BBC Scotland: "Sevco 5088 would not be able to apply to change its name to 'The Rangers Football Club Ltd' until either the original company is fully dissolved, a process which can take about a year to complete, or the receivers give the go-ahead for the name change to take place.

"From a regulations standpoint, once the receivers or the liquidators/administrators for the current PLC agree to a name change, Sevco 5088 could then apply to change its name to 'The Rangers Football Club Ltd'.

"If they apply without following this procedure, systems are in place to flag up names which are too similar."

Article 10.7 of the Scottish FA's Articles of Association states that the name of a club cannot be changed without board approval, while Article 74.2 states that a club's name cannot be changed to anything linked with sponsorship.

The Scottish Premier League has no specific regulations regarding the naming of clubs or their parent companies.

Green's newco continues to trade under the name Sevco 5088, which has the company number 08011390, meaning it was registered in England. The sole director listed on the Companies House website is Charles Alexander Green.

The 'Sevco' prefix is a generic company name, often used by organisations which register companies on someone else's behalf. Sevco names can be registered in bulk through Companies House and renamed at a later date as long as strict naming criteria are met.

Companies House is a government agency run by the department of business and enterprise and deals with the registration and incorporation of UK businesses. All documentation relating to limited companies, including information such as company names, directors, accounts and share allocations, must be processed through the agency.

The proposed name for the new Rangers company is 'The Rangers Football Club Ltd'. All UK companies limited by liability via shares or guarantee must end with 'Limited' or 'Ltd.' - only public companies traded on the stock exchange can end in PLC or P.L.C.

Shares in Rangers Football Club were suspended from the Plus Stock Exchange on 9 January.

Other companies currently registered at Companies House with similar names include: Rangers Limited, Rangers.co.uk Limited, The Rangers FC Group Limited, Rangers Football Club of Glasgow Ltd, Rangers GB Limited and Rangers (2012) Ltd.

[HibsMax]

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The Rangers Football Club Limited is an anagram for:

Flute Cabals Debt Throng Roll

I ended up with an extra "e" but my first attempt resulted in :

Half Bog-bear Troll C***s

I've never heard of such a thing but if it exists it most certainly frequents Ibrox.

[CropleyWasGod]

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"The proposed name for the new Rangers company is 'The Rangers Football Club Ltd'. All UK companies limited by liability via shares or guarantee must end with 'Limited' or 'Ltd.' - only public companies traded on the stock exchange can end in PLC or P.L.C."

Not sure that is factually correct

It's certainly not. Companies limited by Guarantee do not have "Limited" at the end of their name.