Generic Sevco / Rangers meltdown thread

[Just Alf]

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

I thought green was meeting SFA today to plead for leniency re embargo, etc.

you're prob more accurate than the Twits to be fair!



ruins a good story tho

[Hibs Class]

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

you're prob more accurate than the Twits to be fair!



ruins a good story tho

I don't know. I think green and his "I'm bloody well not having this" attitude in glasgow could cause as much damage to the hun cause as a trip to zurich would do.

[PatHead]

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

I thought green was meeting SFA today to plead for leniency re embargo, etc.

Sky news had an "exclusive" interview at 9.30 this morning with Green when he talked about asking Uefa if they would let Newco off with Oldco's sins (all 3 million of them) because it wasn't fair. He said he couldn't get a new licence until that was sorted. That interview was from Zurich.

[Saorsa]

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

Right, so who were all those who were going to buy season tickets now?

Done today



any **** dares move the goalposts now and

[Andy74]

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

Done today



any **** dares move the goalposts now and

Nice one, did Rod sign it for you?

[Saorsa]

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

Nice one, did Rod sign it for you?

Done over the phone, I'll make sure he does when I pick it up though

[LeighLoyal]

Would laugh if Bummer Brown is right about Green. All the thick huns on Sevco media were lapping up his wee statement on SSN earlier, just like they did with everything the Greatest ever F*nian came out with until the cat got out the ticketus bag. I suppose they are zombies mind!

[Ozyhibby]

Is eufa in Zurich? Thought it was some other Swiss town.

[Famous_Fifer]

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

Sky news had an "exclusive" interview at 9.30 this morning with Green when he talked about asking Uefa if they would let Newco off with Oldco's sins (all 3 million of them) because it wasn't fair. He said he couldn't get a new licence until that was sorted. That interview was from Zurich.

Looks like Chico the Clown is doing his best to bury Hunco once and for all,thus leaving him free to flog off Castle Greyskull and Murray Park,if he actually owns them of course ;)

[JeMeSouviens]

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

Is eufa in Zurich? Thought it was some other Swiss town.

UEFA is in Nyon (near Geneva). FIFA is in Zurich.

[Crazyhorse]

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

Footy, Politics, Finance, Law, Comedy and now History! ......

the thread that just keeps giving

Don't forget the Rommel debate!

[Finbar]

So sevco use rangers old accounts to apply for an sfa licence. And that's supposed to make them look like a viable business?

[snooky]

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

I dinnae see the attraction!

Even if her name was Sally Magnetson, I still widny find her attractive

[snooky]

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

is neil Doncaster related to craig Levein? 2 peas in a pod

Typo alert! Should read "pees"

[lapsedhibee]

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

Typo alert! Should read "pees"

2 pees? Are you saying that's a wig on the top of the donkmeister's head? Sue the perruquier!

[Seveno]

BREAKING NEWS :

Ally McCoist has received unexpected support in completing his squad for the new season. G4S have guaranteed to provide the numbers required.

[Just Alf]

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

BREAKING NEWS :

Ally McCoist has received unexpected support in completing his squad for the new season. G4S have guaranteed to provide the numbers required.

Oh oh....

[AlbertK86]

Looks like SFA still not happy with documentation provided by Green as to the fit and proper person test

Better and better and funnier and funnier !!!

GIRFUY

[degenerated]

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

According to the Twits, Charlie Green also enroute to Zurich...... Very interesting if true ..... Plot gets thicker

I think I might literally pish myself if whyte is behind sevco, they really would end up with proper 3rd division attendances if that was the case

[Hibercelona]

I haven't really been tuning in to all the on goings today.

Whats the current scoop? (hold the ice cream & jelly puns)

[Crazyhorse]

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

Looks like SFA still not happy with documentation provided by Green as to the fit and proper person test

Better and better and funnier and funnier !!!

GIRFUY

This is beginning to seem like some sort of long drawn out (almost planned and calculated) torture for the hun...

[Onion]

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

Looks like SFA still not happy with documentation provided by Green as to the fit and proper person test

Better and better and funnier and funnier !!!

GIRFUY

Starting to look like a sick joke by the SPL, SFA and SFL

[Famous Fiver]

I still smell a real stink round all this.

Among other things-

As I see it SFA are now doing financial gymnastics so that Sevco can get a licence. Old accounts will do but as has been amply demonstrated they are not worth a toss. Were they even produced or signed off? Surelyl proper accounts will only become available when BDO come in and complete their work, which could be months or even years away? Are SFA going to issue a licence with this issue unresolved?

Who is overlooking SFA's actions to see if they are compliant?

SFA need more information on owners of Sevco. Why are you not shouting for transparency now, Mr McCoist? Are the SFA going to issue a licence without letting the rest of Scottish Football, and by extension, the rest of us know who really owns Rangers? This should be a matter of public record.

Transfer embargo question still to be resolved. Green apparently consulting FIFA (and /or EUFA)

Fine of £160,000 still to be paid. Who by?

EBT case outcome still to be declared by HMRC.

SFL investigating information belatedly provided by Duff and Phelps to investigate Rangers (old) for EBT use.

SFA Panel still to reconvene to consider alternative to transfer embargo decision.

Ally McCoist to answer charges on comments re SFA disciplinary panel.

No word on investigation into sectarian singing at the Rangers v Kilmarnock game in February.

Vienna club(can't remember which one) looking for money for Jelavic from Rangers and have reported matter to the authorities.

Now we have the complete coincidence that Mr Green and Mr Whyte ( you couldn't make that couplet up!!!) are in Zurich on the same day. Why?

Sevco's first scheduled game is a week on Saturday at Brechin. They need an SFA licence to play in it. Will all these issues be sorted by a week on Saturday? If they are I smell a bigger stink than any yet produced by this whole odious affair.

These are only issues from the top of my head. I am sure our more learned and qualified friends on here will be able to put me right if I am away off the beam.

[AlbertK86]

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

This is beginning to seem like some sort of long drawn out (almost planned and calculated) torture for the hun...

And it is effin brilliant entertainment.

After 40 years of knowing they are cheating barstewards .... Justice at last

John MCDonald ya diving git u can GIRFUY
Graeme Souness - Beastie says GIRFUY

The list is endless so

All bluenoses GIRFUY

[Keith_M]

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

I still smell a real stink round all this.

Among other things-

........

Fine of £160,000 still to be paid. Who by?

.......

....... I am sure our more learned and qualified friends on here will be able to put me right if I am away off the beam.

OK, I'll make a start. It's "by whom", not "who by".

[Topographic Hibby]

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

Vienna club(can't remember which one) looking for money for Jelavic from Rangers and have reported matter to the authorities.

Be quick, be VERY quick....

BTW, excellent post.

TH

[CropleyWasGod]

My contribution.

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

As I see it SFA are now doing financial gymnastics so that Sevco can get a licence. Old accounts will do but as has been amply demonstrated they are not worth a toss. Were they even produced or signed off? Surelyl proper accounts will only become available when BDO come in and complete their work, which could be months or even years away? Are SFA going to issue a licence with this issue unresolved? BDO won't be working on the accounts.


Fine of £160,000 still to be paid. Who by? This is probably part of the SFA licence negotiations. Otherwise, it will be part of the RFC Creditors pot, and won't be paid.

EBT case outcome still to be declared by HMRC. This will be on hold. RFC won't be doing anything about it, as they can't pay their advisers. HMRC will then confirm the assessment(s), and the money due will be added to the Creditors.

SFL investigating information belatedly provided by Duff and Phelps to investigate Rangers (old) for EBT use. It's the SPL. It will be revived soon, IMO.


These are only issues from the top of my head. I am sure our more learned and qualified friends on here will be able to put me right if I am away off the beam.

[WindyMiller]

From the BEEB:



Rangers: SFA confirms the power to transfer punishments


The Scottish FA has confirmed it has the power to transfer existing punishments to 'newco' Rangers.
A year-long transfer embargo and fines were handed down to the previous incarnation of the club.
Rangers sought a Judicial Review at the Court of Session, which set aside the embargo and referred the matter back to the SFA's appellate tribunal.
However, the SFA has revealed it can attach discretionary conditions to Rangers' application for membership.
Rangers received the embargo and a £100,000 fine from the SFA in April for bringing the game into disrepute.

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 are due to start life in Division Three

In addition, the club was issued with a £50,000 fine for going into administration in February and a £10,000 penalty for failing to ensure that owner Craig Whyte acted within rules concerning fit and proper officials.
The transfer embargo meant the club could only sign players under the age of 18 for a season.
The statement issued by the SFA on Tuesday quotes 14.1 from its Articles of Association.
"Transfer of membership will be reviewed by the board, which will have the complete discretion to reject or to grant such application on such terms and conditions as the board may think fit," it read.
"The decision of the Court of Session to set aside the 12-month registration embargo was complicated by Rangers FC's administration and subsequent request from Sevco Scotland for a transfer of membership of the Scottish FA.
"Now that the club's status has been confirmed by the SPL and SFL, we will consider the award of transfer once Rangers FC satisfy the necessary criteria."
The SFA suggested it is seeking further clarification from Charles Green's Sevco company before granting a licence to Rangers to compete in the coming season.
Continue reading the main story

“Now that the club's status has been confirmed by the SPL and SFL, we will consider the award of transfer once Rangers FC satisfy the necessary criteria”

Scottish FA statement

Sevco provided the SFA with information on 29 June, a week after the company submitted a letter of application to take the place of Rangers after the £5.5m purchase of the club's assets.
However, the governing body is seeking further details to satisfy its newly introduced fit and proper person report.
"We have asked Sevco to provide further supplementary information and will consider that information this week," the statement continued.
"Under new Scottish FA rules, it is a requirement of the outgoing club directors to conduct a full investigation under the fit and proper guidelines.
"Given Rangers FC's insolvency event, it has been incumbent on the administrators, Duff and Phelps, to carry out the necessary checks on the proposed new directors, as well as our own investigations."
Also confirmed is the news that Rangers have asked for an arbitration panel to rule on the departure of several players who refused to transfer over to the new company.
"At the request of one of the parties in dispute, the Scottish FA, through its articles, can convene an arbitration panel, with either side selecting from a list of panel members, with the two appointees subsequently selecting a chair of the panel," added the SFA statement.
"Rangers FC have made such a request to the Scottish FA."
The statement also stated that Rangers manager Ally McCoist will face disciplinary proceedings over his call to publicly name members of the judicial panel that imposed the initial transfer embargo on the club.

[WindyMiller]

FROM THE SFA;

Tuesday, 17 July 2012


Now that the status of Rangers FC has been clarified by the respective league bodies, the Scottish FA has compiled the following information to provide clarity and guidance on the remaining issues to be resolved.

When will the Scottish FA consider Rangers application for membership?

Now that the Scottish Football League have made a conditional acceptance of Rangers FC in Irn Bru Division Three we will now consider the club’s application for membership transfer this week.

How can Rangers be considered for membership when they can't provide four years’ financial statements?

Sevco Scotland Ltd bought Rangers Football Club PLC’s share in the SPL and membership of the Scottish FA as part of their acquisition of assets. Under Article 14.1, Sevco Scotland are requesting the transfer of the existing membership of Oldco. This is different to an application for a new membership, which generally requires four years of financial statements.

When will the Appellate Tribunal be reconvened?

The Scottish FA has been in dialogue with Rangers FC in respect of the outstanding disciplinary sanction. The decision of the Court of Session to set aside the 12-month registration embargo was complicated by Rangers FC’s administration and subsequent request from Sevco Scotland for a transfer of membership of the Scottish FA. Again, now that the club’s status has been confirmed by the SPL and SFL, we will consider the award of transfer once Rangers FC satisfy the necessary criteria.

Will Rangers’ original punishments be transferred to Newco?

The Scottish FA Board has the power to transfer membership under Article 14.1, which states:

“. . . Transfer of membership will be reviewed by the Board, which will have the complete discretion to reject or to grant such application on such terms and conditions as the Board may think fit.”

Will Ally McCoist be subject to a Compliance Officer Reference for his comments about the Judicial Panel?

The Compliance Officer communicated with Rangers FC in mid-June to confirm that the matter has been reported and will be initiated through the normal Judicial Panel Protocol upon conclusion of the other outstanding issues affecting the club.

In what round will Rangers Newco join the William Hill Scottish Cup?

Under the Scottish FA’s Cup Competition Rules, Rangers FC as a third division club will join the William Hill Scottish Cup at the second round.

Why have the Scottish FA blocked the transfer of Rangers players to other clubs?

The Scottish FA issued a guidance note, based on legal advice and without prejudice, to both Rangers FC and PFA Scotland. Certain players have now chosen not to transfer across under TUPE regulations and, instead, agreed contracts elsewhere.

On a procedural basis, the Scottish FA cannot process an International Transfer Certificate via FIFA’s Transfer Management System where there is an ongoing contractual dispute.

Rangers FC have confirmed that there is such a contractual dispute. In the meantime, the new club(s) can request a temporary transfer from FIFA in order that the player(s) is free to play while the dispute process unfolds. This process has commenced in relation to a number of the players in question.

At the request of one of the parties in dispute, the Scottish FA, through its Articles, can convene an Arbitration Panel, with either side selecting from a list of Panel members, with the two appointees subsequently selecting a Chair of the panel. Rangers FC have made such a request to the Scottish FA.

We would naturally seek an outcome as soon as possible.

Does the Scottish FA have a fit and proper person report for the new Rangers owner(s) and do we know who the main investors/directors are?

The Scottish FA has received private and confidential documentation from Sevco Scotland Ltd relating to the above. We have asked Sevco to provide further supplementary information and will consider that information this week.

Under new Scottish FA rules, it is a requirement of the outgoing club directors to conduct a full investigation under the Fit and Proper Guidelines. Given Rangers FC’s insolvency event, it has been incumbent on the administrators, Duff and Phelps, to carry out the necessary checks on the proposed new directors, as well as our own investigations.

What is the status of the investigation into use of Employee Benefit Trusts?

This is an investigation under the jurisdiction of the Scottish Premier League specific to player registrations. The SPL have recently confirmed they have prima facie evidence but as the potential appellate body, we cannot comment further at this stage.

[Lungo--Drom]

:giruy: