Generic Sevco / Rangers meltdown thread

[hibsbollah]

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NO. F R O.

Meanie

Are they a) less ****ed than last week or b)more ****ed than last week?

[Stevie Reid]

http://www.bbc.co.uk/sport/0/football/18813407

Rangers: SFL clubs line up against newco in Division One


Chances of the new Rangers being voted into Division One appear to be diminishing with three more clubs coming out against the proposal.
Scottish Football League clubs meet to vote on the matter on Friday, with Division Three the other option.
The SFL, Scottish Premier League and Scottish FA have negotiated a restructuring of the divisions in return for Rangers in Division One.
But Elgin City, Peterhead and Arbroath all say they will vote against.
Continue reading the main story

“There is no alternative but to admit a newco team into Division Three”

Peterhead FC

Promoted Dumbarton, who previously announced that a poll of members and supporters showed a majority in favour of Rangers joining them in Division One, now say they will not necessarily be bound by that.
The Sons will make a final decision on hearing presentations at the Hampden meeting.
Berwick Rangers this week announced that they would be voting for Rangers to be placed in the fourth tier, while Division Three rivals Annan Athletic and Second Division East Fife have reiterated their opposition to Rangers in Division One.
Clyde have stated that, although they would prefer to have the new Rangers join them in the bottom tier, not enough information had been provided by the Sevco consortium that now owns Rangers' assets.
Before Scotland's governing bodies agreed their package of proposals, First Division clubs Cowdenbeath, Falkirk, Livingston, Morton, Partick Thistle and Raith Rovers, along with relegated Dunfermline, had all indicated they would be against Rangers playing in the second tier.
Third Division clubs Queen's Park and Stirling Albion were similarly minded, while Stranraer suggested that Rangers should be required to apply for admission to the bottom tier along with other interested non-league clubs.
That means there are a potential 17 votes for Rangers being refused admission to Division One - a majority of the SFL's 30 clubs.

Rangers crisis explained

• Rangers went into administration owing up to £134m to unsecured creditors and will eventually be liquidated.
• As a result its registrations with the Scottish FA and Scottish Premier League were terminated.
• Charles Green led a consortium which bought Rangers' assets for £5.5m.
• The former Sheffield United chief executive is reforming Rangers as a new company.
• But the 'newco' did not get the required votes for re-admittance to the SPL.
• Instead the new Rangers could start life in Scottish Division One or Three.

Only Second Division outfit Stenhousemuir have gone public with an intention to vote for Rangers in the second tier.
Charles Green's Sevco consortium was forced to apply for entry to the SFL after SPL clubs voted against the new Rangers being admitted to the top flight with the old company destined for liquidation.
Peterhead expressed surprise that a 16-team top-flight, which had been rejected as "unattractive and potentially undeliverable" in the SPL's own strategic plan in April 2011, was now being proposed "a mere 36 hours prior to Friday's meeting".
"Whilst we have always stated that we would welcome proposals for league reconstruction independent of the Rangers crisis, we are left with a sense of wonderment at many of the newly proposed changes to the league - changes that were deemed wholly unworkable prior to newco Rangers application to join the SFL after expulsion from the SPL," they said in a website statement.
"Although we are to come under severe pressure from bodies outwith the SFL to accept these fast-tracked changes to accommodate a newco team and to hail this proposal as a 'blueprint to safeguard the future of Scottish football', we must retain our stance and those of the majority of our fans to vote no.
"We still believe that to maintain fairness in our game and to restore faith in Scottish football, there is no alternative but to admit a newco team into Division Three.
"We understand the ramifications of this as laid out by the SFA and understand that there will be financial implications for all clubs should this be the outcome.
"However, although there may be tough times ahead for Scottish football, we believe we can weather the storm."

[LeighLoyal]

Looking like it will be a 17-1 no vote on Sevco. I would suspend them for a year before they got in SFL3. Quite excited about the league and Hibs next year without that shower of sh it.

[Andy74]

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You're missing the point, though. It's against the law, IMO.

I'm not. It's all about what's due and when. If the SPL rules are that you get the prize money but before you do we can take off anything due to another member then that's your final total that becomes due.

[CropleyWasGod]

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Meanie

Are they a) less ****ed than last week or b)more ****ed than last week?

My instinct is that they are less so. A week ago, the SFL were dead set against them. I suspect that attitudes might have been softening this week, in view of some of the SPL2-type stuff being explained a bit better.

That said, Clyde's attitude is hardening We like Clyde.

[CropleyWasGod]

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I'm not. It's all about what's due and when. If the SPL rules are that you get the prize money but before you do we can take off anything due to another member then that's your final total that becomes due.

I would say that the law trumps the SPL rules, despite what Blatter et all might say. In this case, there is a clear preference being shown to one creditor (Hearts) over all others. The liquidators will be on to this when they are appointed. If need be, they will sue Hearts.

[Brando7]

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I'm not. It's all about what's due and when. If the SPL rules are that you get the prize money but before you do we can take off anything due to another member then that's your final total that becomes due.

C9.1 If any Club defaults in making payment of any sum or sums due to the Company and/or to another Club the Board shall be entitled to apply any sums which, under these Rules, would otherwise be payable to the defaulting Club by the Company in discharge of any debt due by such Club in default to the Company and/or such other Club in such manner as the Board shall determine.

[CropleyWasGod]

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C9.1 If any Club defaults in making payment of any sum or sums due to the Company and/or to another Club the Board shall be entitled to apply any sums which, under these Rules, would otherwise be payable to the defaulting Club by the Company in discharge of any debt due by such Club in default to the Company and/or such other Club in such manner as the Board shall determine.

That would apply in a normal situation, where the club was not insolvent. It wouldn't stand up to Court scrutiny if the liquidators sued Hearts for it.

[hibsbollah]

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My instinct is that they are less so. A week ago, the SFL were dead set against them. I suspect that attitudes might have been softening this week, in view of some of the SPL2-type stuff being explained a bit better.

That said, Clyde's attitude is hardening We like Clyde.

Clyde good, Brechin bad.

[H18sry]

https://tammcturk.jux.com/296648

[Part/Time Supporter]

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Clyde good, Brechin bad.

Never liked that stupid hedge anyway.

[calmac12000]

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https://tammcturk.jux.com/296648

Well said that man, Tam!

[calmac12000]

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Ive been avoiding hun-related news for weeks now. Its interminable and boring and the journalists dont know anythung anyway.

Can i be cheeky and ask for an update?

Christ, lucky you asked 'cos if the Huns don't get into SPL 1, tomorrow is the end of the world as we know it.I dinna ken if Doncaster and Reagan have actually given a time for this cataclysim, but I'd say lunch time tomorrow or thereabouts.

[Future17]

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That would apply in a normal situation, where the club was not insolvent. It wouldn't stand up to Court scrutiny if the liquidators sued Hearts for it.

I actually think they'd be OK. Rangers (oldCo) are only entitled to the prize money minus any unpaid and overdue debts to other member clubs.

[Lungo--Drom]

Aye
Am now getting up after sleeping off a night shift, and singing, "The Huns are goin' tae hell, the Huns are goin' tae hell" (to the tune of 'The Huns are goin' bust')

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Looking like it will be a 17-1 no vote on Sevco. I would suspend them for a year before they got in SFL3. Quite excited about the league and Hibs next year without that shower of sh it.

[Seveno]

The Clyde statement makes a valid point but I doubt that anyone has that sort of financial information on Sevco. I count Charles Green in that group.

I'm amazed that he managed to scrape the £5.5m together but doubt if he now has any capital left and, as we all know, there is sod all revenue coming in from ST sales.

[CropleyWasGod]

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I actually think they'd be OK. Rangers (oldCo) are only entitled to the prize money minus any unpaid and overdue debts to other member clubs.

In terms of the SPL rules, yes they are. However, by applying those rules the SPL are assisting RFC in granting a preference to one creditor over another.

[CropleyWasGod]

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The Clyde statement makes a valid point but I doubt that anyone has that sort of financial information on Sevco. I count Charles Green in that group.

I'm amazed that he managed to scrape the £5.5m together but doubt if he now has any capital left and, as we all know, there is sod all revenue coming in from ST sales.

Has he actually paid it? I didn't read the D&P statement in any detail, but I know he hadn't a few weeks ago.

[Lungo--Drom]

Dungcaster and Regan have one of those escape pod thingies that Blofeld had in the 007 movie 'You Only Live Twice'. As soon as the vote goes 'NO' the two of them are gonna disappear through a secret door, jump in the escape pod and disappear in a puff of rocket smoke...
...only to surface in a Rangers bar in Torremolinos

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Christ, lucky you asked 'cos if the Huns don't get into SPL 1, tomorrow is the end of the world as we know it.I dinna ken if Doncaster and Reagan have actually given a time for this cataclysim, but I'd say lunch time tomorrow or thereabouts.

[Lungo--Drom]

Correct. The latest spouting on the Pravda website virtually says, "ST sales are screwed"

http://www.rangers.co.uk/news/football-news/article/2847706

Pear shaped, heading, rapidly

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The Clyde statement makes a valid point but I doubt that anyone has that sort of financial information on Sevco. I count Charles Green in that group.

I'm amazed that he managed to scrape the £5.5m together but doubt if he now has any capital left and, as we all know, there is sod all revenue coming in from ST sales.

[Seveno]

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Has he actually paid it? I didn't read the D&P statement in any detail, but I know he hadn't a few weeks ago.

I kind of assumed that, as someone posted that Hunbrox was now registered in the same of Sevco Scotland Ltd.

Yes, I know, stupid to make assumptions based on normal business practice. I apologise.

[CropleyWasGod]

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I kind of assumed that, as someone posted that Hunbrox was now registered in the same of Sevco Scotland Ltd.

Yes, I know, stupid to make assumptions based on normal business practice. I apologise.

B*ggar.... I missed that. Gonny tell me whae? (serious, btw)

[Seveno]

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B*ggar.... I missed that. Gonny tell me whae? (serious, btw)

I'm pretty sure it was a couple of weeks ago and someone had checked with Registers of Scotland.

[hibsbollah]

Nice to see the huns have still got other interests outside of football Keep them cheerful in these tough economic times.

http://m.guardian.co.uk/ms/p/gnm/op/...at=top-stories

[Jim44]

Jim Goodwin of St Mirren is the latest to appeal for Div 1 for Newco. What a pillock. His club vote them out of the SPL but he's squealing for the SFL clubs to save his club. I hate them and their club with a passion but is it really any surprise that the Hun supporters are up in arms when they read this sort of thing?

[Future17]

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In terms of the SPL rules, yes they are. However, by applying those rules the SPL are assisting RFC in granting a preference to one creditor over another.

I disagree. The creditors are only entitled to money to which the OldCo was entitled. The OldCo aren't entitled to the prize money due to unpaid and overdue debts to member clubs.

[YehButNoBut]

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The Clyde statement makes a valid point but I doubt that anyone has that sort of financial information on Sevco. I count Charles Green in that group.

I'm amazed that he managed to scrape the £5.5m together but doubt if he now has any capital left and, as we all know, there is sod all revenue coming in from ST sales.

Rangers released this statement today re season tickets.


"The Club is disappointed it has been unable to provide season ticket holders with clarity on the arrangements for season ticket renewals.

As you are aware, there is a meeting tomorrow with the SFL board and member clubs to discuss which division Rangers will play in next season.

Following that meeting we hope to be in a position to provide greater clarity on season ticket renewals, pricing and payment processes - which will be communicated directly with season ticket holders.

The Club would like to thank season ticket holders once again for their patience during this difficult period."

[Kojock]

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Rangers released this statement today re season tickets.


"The Club is disappointed it has been unable to provide season ticket holders with clarity on the arrangements for season ticket renewals.

As you are aware, there is a meeting tomorrow with the SFL board and member clubs to discuss which division Rangers will play in next season.

Following that meeting we hope to be in a position to provide greater clarity on season ticket renewals, pricing and payment processes - which will be communicated directly with season ticket holders.

The Club would like to thank season ticket holders once again for their patience during this difficult period."

If Sevco are lucky enough to be admitted to the third division I wonder how much they will charge for season tickets given that entry to most third division games is around £10 and the average third division season ticket is around £180.

[NAE NOOKIE]

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Donkastrian pish.

Dont know if the guy who wrote the article had any agenda .. as I recall he made no comment about the ability of Scottish football clubs to get through without a TV deal. As far as I know he was only giving his informed opinion regarding SKY's attitude to the current situation and what he thought they were likely to do based on his experience.

IMO ... As long as stuff is put in place to ensure as much as possible that no innocent club goes to the wall SKY can stick their TV deal. The loss of clubs who had nothing to do ( as individual clubs ) with the current crisis is the only worry I would have about it and is the only possible reason I would talerate THEM in SFL1. ....... I am well aware that for most this isnt a consideration and so be it.

As it is it looks more and more likely that the Zombie Huns will be in Div 3 next season and if thats the case nobody will be more pleased than me. One things for sure, this should be a decision for the SFL and them alone, without any pressure or if you like 'blackmail' from the SPL or SFA.

[alexedwards]

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STV reporting Brechin will vote yes to Rangers in SFL 1 tomorrow.

The reason for a "yes" vote for Brechin is they will get Newco in Ramsdens Cup if Newco in SFL1 and if Dundee promoted - as per information passed forward from Div 2 director - sneaky horrible barstwewards.