Generic Sevco / Rangers meltdown thread

[Brando7]

http://www.bbc.co.uk/sport/0/football/18771127

SFA helping them out again I see

[jgl07]

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http://www.bbc.co.uk/sport/0/football/18771127

SFA helping them out again I see

No surprise to be honest. This will have to be resolved by FIFA, not that there is much doubt about the outcome. But the SFA would have been silly to stick their heads on the block and face possible legal action by Sevco if they approved the transfers.

[calmac12000]

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http://www.bbc.co.uk/sport/0/football/18771127

SFA helping them out again I see

Plus ca change!

[jgl07]

I was looking at the Tennis Diary in the Herald for last week. This suggested that the SPL had appealed to the Wimbledon Committee to reinstate Rafa Nadal into the semi-final!

[Offside Trap]

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Slight generalisation there, no?

Probably. But piecing the Burley article and your insight together gets me to that conclusion.

Just don't quite see how calling SFL club chairmen muppets and nonentities is a particularly responsible way to generate revenue.

Anyhoooo....as others have pointed out, all it will do is further entrench opposition to Newco amongst those same chairmen....so in conclusion I have nothing but praise for the DR.

[magpie1892]

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Magpie -

Would I be right in supposing that job protection is also to a certain extent, behind the statements that people like Chick Young and Jim Traynor have been coming out with?

It seems to me that without Rangers, these two in particular would run out of things to talk about. They might actually have to do some work to find out what goes on at places beyond Ibrox.

Seems also that people like Young and Traynor have lots of contacts in the Glasgow sporting world, specifically at Ibrox and with them gone or out of the way for some time, well, that's more than half of what they've got to say rendered totally irrelevant.

Yes and no. Yes in that They need Rangers (fair insight above, btw) so are trying to convince the rest of us we need Rangers too (might have worked, too, were it not for that pesky internet thing) and no in that they're just a couple of Rangers fuds. In a way, you'd think Young at least would take the hint; he's had his 15 minutes of fame and its been clear for some time he has less than zero to add to any football argument. Traynor, at least, has a bit of self-awareness about him.

[magpie1892]

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Probably. But piecing the Burley article and your insight together gets me to that conclusion.

Just don't quite see how calling SFL club chairmen muppets and nonentities is a particularly responsible way to generate revenue.

Anyhoooo....as others have pointed out, all it will do is further entrench opposition to Newco amongst those same chairmen....so in conclusion I have nothing but praise for the DR.

I certainly agree it is irresponsible, but, trust me on this one - some people like to read that *****. These are desperate times for Trinity Mirror.

I firmly agree with your 2nd point.

[IWasThere2016]

Told Arabs' ST sales are up on last season and selling very well since 'Gers were punted.

The DU-Dees derby friendly to be played this Saturday is also a sell-out.

Amazing they've no perished post Der Hun IMHO

[HibbyAndy]

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Told Arabs' ST sales are up on last season and selling very well since 'Gers were punted.

The DU-Dees derby friendly to be played this Saturday is also a sell-out.

Amazing they've no perished post Der Hun IMHO

No danger.

[Famous Fiver]

Can I go back to Duff and Phelps for a moment?

According to reports, a director, who incidentally was previously completely unknown, stated, and it was minuted that 'Rangers' are worth £50 million plus.

This was the 'Rangers' that was sold to Charles Greene, on behalf of his'consortium' for £5.5 million.

Has anyone asked Duff and Phelps for their view on this?

As stated many times before on this thread Duff and Phelps should have been acting in the interests of the creditors.

Can the liquidators, BDO look at this?

Can the court which approved the appointment of the administrators look at this.

Perhaps CWG can give us his considered view?

Have we heard a comment from Chick Young or Jim Traynor on this point? It seems to be neatly under the radar.

It just seems to me that this is yet another aspect of the whole sorry episode which STINKS.

[CropleyWasGod]

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Can I go back to Duff and Phelps for a moment?

According to reports, a director, who incidentally was previously completely unknown, stated, and it was minuted that 'Rangers' are worth £50 million plus.

This was the 'Rangers' that was sold to Charles Greene, on behalf of his'consortium' for £5.5 million.

Has anyone asked Duff and Phelps for their view on this?

As stated many times before on this thread Duff and Phelps should have been acting in the interests of the creditors.

Can the liquidators, BDO look at this?

Can the court which approved the appointment of the administrators look at this.

Perhaps CWG can give us his considered view?

Have we heard a comment from Chick Young or Jim Traynor on this point? It seems to be neatly under the radar.

It just seems to me that this is yet another aspect of the whole sorry episode which STINKS.

This was discussed about 300 pages ago... do keep up

Actually, if you go back a few pages, it reared its head again over the weekend. The numpty of a director that said that has opened a can of squiggly things.

Basically, D&P should have got the best price possible for the assets... market value, in other words. Did they get that? It was arguable that Green was the only potential buyer, and therefore was the market. Now, though, the numpty director has said that they are worth a lot more than what they paid for them, barely a month later.

So... in short, BDO will be looking at this. They can challenge D&P/Sevco/Green to prove that the price paid was market value. If necessary, they can have the Court reverse the sale. If Sevco have sold the assets on since then, they can sue them for the profit.

[Andy74]

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Can I go back to Duff and Phelps for a moment?

According to reports, a director, who incidentally was previously completely unknown, stated, and it was minuted that 'Rangers' are worth £50 million plus.

This was the 'Rangers' that was sold to Charles Greene, on behalf of his'consortium' for £5.5 million.

Has anyone asked Duff and Phelps for their view on this?

As stated many times before on this thread Duff and Phelps should have been acting in the interests of the creditors.

Can the liquidators, BDO look at this?

Can the court which approved the appointment of the administrators look at this.

Perhaps CWG can give us his considered view?

Have we heard a comment from Chick Young or Jim Traynor on this point? It seems to be neatly under the radar.

It just seems to me that this is yet another aspect of the whole sorry episode which STINKS.

I just hope every club in Scotland constinues to listen to the nonsense they come out with every day which shows the contempt that they hold Scottish football in. In the same meeting they confirmed looking at buying two English clubs to merge with.

I think the SPL clubs got more and more hacked off with talk of who Rangers were going to sign once they got back in the SPL and I'm sure the SFL clubs will take interest in the various claims which will no doubt keep coming.

Yep, I thought it was interesting too that they believe they have bought at least £50m of assets for £5.5million. It mirrors what a lot of people pointed out at the time and would hope the liquidators would be interested in reviewing it.

[Famous Fiver]

CWG

Thanks for your patient reply.

It is almost impossible due to time constraints for me to plough through all the posts so repetition is unfortunately going to happen from time time. Apologies.

I just feel this point should be catapulted to the top of ALL INTERESTED PARTIES' AGENDAS.

From this statement it appears 'Rangers' in whatever new incarnation they are in are still 'at it'.

Unbelievable.

[CropleyWasGod]

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CWG

Thanks for your patient reply.

It is almost impossible due to time constraints for me to plough through all the posts so repetition is unfortunately going to happen from time time. Apologies.

I just feel this point should be catapulted to the top of ALL INTERESTED PARTIES' AGENDAS.

From this statement it appears 'Rangers' in whatever new incarnation they are in are still 'at it'.

Unbelievable.

no need to apologise..... I'm here all week.

However, I have just seen that The Scotsman is running that story too.... so it's out there, and the questions will be asked. Maybe not by Traynor et al, but by the lawyers acting for the creditors.

[degenerated]

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Cracking article by STV summarising the current known feelings in the SFL, with all statements available etc.

http://sport.stv.tv/football/108222-...-on-the-issue/

The constant use of the phrase parachuting to div 1 gets right on Ma thruppenies. As sevco are not coming down from anywhere it should surely be replaced by catapulted to div 1.

[SurferRosa]

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The constant use of the phrase parachuting to div 1 gets right on Ma thruppenies. As sevco are not coming down from anywhere it should surely be replaced by catapulted to div 1.

.......100% correct btw.

[Spike Mandela]

Div 1 entry for Sevco is unthinkable. Vast swathes of media attention for their 'glorious adventure' culminating in their triumphal return to the SPL. Dread to think that we could actually go in the opposite direction

Then in the SPL back to splashing the big wages and picking up all the top talent And arrogantly lording it over everyone with their lack of debt.

If this comes to pass sevco can't be blamed it will be the all authorities and we fans will have made the biggest own goal in our history. What is Petrie saying now? Has he acknowledged our disgust? At the moment with the hibs supporters club having given it's view Mr Petrie's silence speaks volumes.

All he needs to say is "sporting integrity is beyond purchase any New club should start in div 3". If Stewart Milne can say it I think our Chairmen owes us this at least. Unfortunately I don't believe he can but I live in hope.

[basehibby]

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Can I go back to Duff and Phelps for a moment?

According to reports, a director, who incidentally was previously completely unknown, stated, and it was minuted that 'Rangers' are worth £50 million plus.

This was the 'Rangers' that was sold to Charles Greene, on behalf of his'consortium' for £5.5 million.

Has anyone asked Duff and Phelps for their view on this?

As stated many times before on this thread Duff and Phelps should have been acting in the interests of the creditors.

Can the liquidators, BDO look at this?

Can the court which approved the appointment of the administrators look at this.

Perhaps CWG can give us his considered view?

Have we heard a comment from Chick Young or Jim Traynor on this point? It seems to be neatly under the radar.

It just seems to me that this is yet another aspect of the whole sorry episode which STINKS.

- I've always thought that the transfer of Ibrox & Murray Park for £5.5M was nothing short of incredible and have been scratching my head ever since as to why the Newco-Huns keep on whinging when they've already been given such a phenomenal leg up by the administrators at the expense of the tax payer and other creditors. Now it seems that they are completely aware of the massive advantage they have already been given and actually see fit to boast about it in public!!!

It seems to me that Duff and Phelps should be under investigation for conspiracy to defraud the tax-payer or similar - and should be made to pay back their immense fees in recognition of the apparent fact that they have totally failed to live up to their primary responsibilities as administrators to secure the best possible deal for the creditors.

[lapsedhibee]

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The constant use of the phrase parachuting to div 1 gets right on Ma thruppenies. As sevco are not coming down from anywhere it should surely be replaced by catapulted to div 1.

Or even "corrupted to Div 1".

[Captain Trips]

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Div 1 entry for Sevco is unthinkable. Vast swathes of media attention for their 'glorious adventure' culminating in their triumphal return to the SPL. Dread to think that we could actually go in the opposite direction

Then in the SPL back to splashing the big wages and picking up all the top talent And arrogantly lording it over everyone with their lack of debt.

If this comes to pass sevco can't be blamed it will be the all authorities and we fans will have made the biggest own goal in our history. What is Petrie saying now? Has he acknowledged our disgust? At the moment with the hibs supporters club having given it's view Mr Petrie's silence speaks volumes.

All he needs to say is "sporting integrity is beyond purchase any New club should start in div 3". If Stewart Milne can say it I think our Chairmen owes us this at least. Unfortunately I don't believe he can but I live in hope.

The SPL should then ban them from promotion for 3yrs as that is how lomg it takes to deservedly get into top league, to be in a position of getting into SPL bypassing 2 leagues is a disgrace, corrupt and goes against what football is about.

In theory a team can have 2 bad seasons and end up in Div 2 yet sevco do not kick a ball and might be in Div1, totally outrageous.

[StevieC]

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So... in short, BDO will be looking at this. They can challenge D&P/Sevco/Green to prove that the price paid was market value. If necessary, they can have the Court reverse the sale. If Sevco have sold the assets on since then, they can sue them for the profit.

But what happens if, as it seems here, the assets are sold by Sevco 5088 to Sevco Scotland at a loss?



Can the liquidators null/void the sale of the assets? And if so, are they likely to?

[rcarter1]

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Told Arabs' ST sales are up on last season and selling very well since 'Gers were punted.

The DU-Dees derby friendly to be played this Saturday is also a sell-out.

Amazing they've no perished post Der Hun IMHO

Good stuff Dtd/Dundee! I was going to suggest that Hibs and Hearts had a derby to celebrate as well..

[lucky]

£5.5m for the Huns was the highest offer for them as such that's what they are worth

[Keith_M]

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£5.5m for the Huns was the highest offer for them as such that's what they are worth

Untrue, they were never put on the open market so that price has never been tested. They were passed on the Green as a condition of his CVA and never offered to any other party.

[DarlingtonHibee]

Apologies if I have missed this in last few hundered pages

When are the SFA reviewing the punishment that was overturned by the COS ?

I thought expulsion was the next step up option wise after the transfer embargo was overturned.

Again, if I have missed it apologies

[Hibs Class]

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£5.5m for the Huns was the highest offer for them as such that's what they are worth

If their break-up value was greater then they should have been broken up. I said several hundred pages ago I thought D&P were not acting in the best interests of creditors and nothing has changed my view.

[EdinMike]

Rangers fans, sorry. Sevco 5088 fans are now playing the sympathy card by stating THEY are the ones being bullied into playing in the first division, all they want is the third.

*The true reason being a GIRUY to other clubs in hoping they also go bust, not sympathy*

This is turning out to be a twist far greater than M Night Shyamalan could ever write...

[calmac12000]

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There's a thread on FF about a petition to get rid of Regan and Lawwell. http://www.gopetition.com/petitions/...r-purpose.html . One of the posts on the thread asks - can someone post this on the Hibs wed site as they are keep to get rid of Regan... Why single us out? - I'd have thought most clubs wanted him out. Of course our reasons for getting rid of him are different. We want rid of him as he is making a mockery of rules and procedures. They want rid of him mainly because he is trying to force them into Div 1 while they want Div 3 in order to 'cripple' (their words) other SPL clubs.

WTF would we wasn't rid of Lawall, for all he's not my favourite person and MIGHT be orchestrating things behind the scenes in favour of the Currant Buns no way will I sign a petition which seems to have been ill thought out and is essentially a Hun front. No offence to the poster, but I think you might've been conned.

[vanNISHtelroy]

An email reply someone on our website got from beloved chairman, amazing good guy etc etc.

Thank you for getting in touch Richard.

I understand your concerns but there are other issues in play at present which I am unable to put in the public domain.

Rest assured that my sole objective is the wellbeing of our club, unlike the objectives of others who have an agenda which will only be served by the failure of my endeavours.

I do not seek nor expect popular approval and I shall remain true to the principles which I believe will best serve Kilmarnock Football Club regardless of the criticism levelled against me.

Yours sincerely,

Michael Johnston.

Wonder what the other issues are? And he can't avoid another dig at (I'm guessing it's) the Killie Trust with the bit in bold.

[Brando7]

http://i.imgur.com/FUpaX.jpg