Generic Sevco / Rangers meltdown thread

[lapsedhibee]

Yes, quite right that the SFL should be demanding a European place now that they're so fantastically strengthened.

And for the avoidance of doubt it should go to whichever team finishes in the place that NewHunCo finishes in, in whatever division they are in.

[Waxy]

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Yes, quite right that the SFL should be demanding a European place now that they're so fantastically strengthened.

And for the avoidance of doubt it should go to whichever team finishes in the place that NewHunCo finishes in, in whatever division they are in.

Of course.Anything else would be a conspiracy.

[Waxy]

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The man's a buffoon.

his next column will be about how sevco want the div two champions to be promoted to div three.

[StevieC]

"within two years, Green's investors would get back the amounts they put in, with 10 per cent interest on top"

That's only around £500k?

Green's not daft, I'm sure even he's realised he could easily double his money if he broke the assets up and sold them seperately.

[Crazyhorse]

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The man's a buffoon.

What a bell-end Traynor is. He's obviously had a call from Kennedy and been promised a few lamb dinners.

Absolutely pathetic

[Twa Cairpets]

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The man's a buffoon.

Surely he has been experimenting in some perception altering drugs? This is beyond bonkers:

Celtic + other big clubs = no power. no competition, no attractiveness to tv, sponsors etc
Ranger + small clubs = power, glamour, magnificence.

What a total fuddly duddly

[Waxy]

Yep this column is the one that proves he's lost his marbles.

Whats he doing right now?
Probably rocking back and forward in a corner of his bedroom in only a pair of pashed rangers yfronts,thumb in mouth humming "we are rangers".

[LeighLoyal]

I note that Green is charging the zombie horde £300 a skull to watch Sevco take on the Third divi's finest part timers. Only seriously thick zombie huns need apply. No doubt Jabba will buy a few!

[ScottB]

Surely if Kennedy buys the club, Green will take the money and run. Quite how that changes their cashflow situation is a mystery to me...

[CropleyWasGod]

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Surely if Kennedy buys the club, Green will take the money and run. Quite how that changes their cashflow situation is a mystery to me...

I had to think about that too.

What I think he means is that Kennedy will buy the 51% stake, and Green won't actually take the cash right away. He will leave it in the company as a loan, at a decent rate of interest. That loan will be repayable as and when Sevco are in a position to do so.

[YehButNoBut]

Looks like the income from season ticket sales will be drastically reduced according to this statement, will it be enough to cover costs?

Rangers FC (Official)


In response to numerous calls from supporters requesting season ticket prices, the club would like to provide information regarding pricing for season 2012/2013 - subject to SFA membership.

The decision has been taken to reduce season ticket prices significantly - full Adult and concession season ticket prices will be reduced by ONE THIRD and Juveniles will be reduced by 50%.

READ the latest on season ticket pricing on the club website here: http://bit.ly/OiZplw

[Caversham Green]

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I had to think about that too.

What I think he means is that Kennedy will buy the 51% stake, and Green won't actually take the cash right away. He will leave it in the company as a loan, at a decent rate of interest. That loan will be repayable as and when Sevco are in a position to do so.

I was thinking it might be a new share issue. I don't know how Green would emerge with a fixed return in two years though - I suppose there's a possibility that Jim Traynor's got it wrong...

[hibs0666]

Hun 'game' on Wednesday night is postponed due to the huns still not being SFA members. There will a come a point - soon - when the SFL will need to decide to proceed without them.

[jgl07]

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I was thinking it might be a new share issue. I don't know how Green would emerge with a fixed return in two years though - I suppose there's a possibility that Jim Traynor's got it wrong...

It sounds like some sort of preference share issue?

[ancienthibby]

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It sounds like some sort of preference share issue?

Did ChuckieBoy not just sell 10% of Servo to some guy he put in charge of soonnottobeMurrayPark, so Mr Kennedy's offer for 51% for £5.6 million is in line with that valuation.

CB's days at Hunpox are numbered.

[frankhibs]

The National Collegiate Athletic Association on Monday banned Penn State University from post-season bowl games for four years, fined the university $60 million and imposed other sanctions in an unprecedented punishment for its inaction when officials were alerted to child sex abuse by former assistant coach Jerry Sandusky.
At a news conference in Indianapolis, NCAA Mark Emmert said Penn State football scholarships would be reduced to 15 from 25 and team wins would be vacated from 1998-2011.
The governing body for U.S. college sports opted not to levy the so-called “death penalty” that would eliminate an entire season or more for the scandal-scarred football program.


Read more: http://www.calgaryherald.com/news/NC...#ixzz21Ss9x8Ne

[ancient hibee]

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I had to think about that too.

What I think he means is that Kennedy will buy the 51% stake, and Green won't actually take the cash right away. He will leave it in the company as a loan, at a decent rate of interest. That loan will be repayable as and when Sevco are in a position to do so.

I've just seen a pig flying past my window.

[shagpile]

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I've just seen a pig flying past my window.

So! Traynor can fly?

[CropleyWasGod]

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I've just seen a pig flying past my window.

Why? It makes perfect sense from a cash flow point of view.

[marinello59]

Sevco have denied that they have been in discussions with Kennedy. More publicity seeking?

[jgl07]

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The National Collegiate Athletic Association on Monday banned Penn State University from post-season bowl games for four years, fined the university $60 million and imposed other sanctions in an unprecedented punishment for its inaction when officials were alerted to child sex abuse by former assistant coach Jerry Sandusky.
At a news conference in Indianapolis, NCAA Mark Emmert said Penn State football scholarships would be reduced to 15 from 25 and team wins would be vacated from 1998-2011.
The governing body for U.S. college sports opted not to levy the so-called “death penalty” that would eliminate an entire season or more for the scandal-scarred football program.

And that was for employing ONE sex offender.

Imagine what would happen if they had hired TWO?

[LeighLoyal]

And fat Sally thinks they've been punished enough! Sally says no! Total hun carrot.

[garlic]

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Dont shoot the messenger.
Brian Kennedy back in the frame.Will offer to buy (the club) but not the stadium and look to ground share with either Killie,Motherwell or St Mirren until Green is forced to sell the Stadium as its un-used.

Was beginning to think my info was wrong but the timescale looks about right.Kennedy says he made his offer on the 27th June although Green says he knows nothing about it.?????

[SteveHFC]

I was sitting in the pub last night, when in came this very attractive girl, wearing not just a Rangers top, but a scarf also. She then gave me the glad eye for half an hour, before bringing me a pint of lager and chatting me up for another half hour. Finally, she said to me, "Fancy taking me home?" I said, "Sorry hen, but your just not in my league."

[gramskiwood]

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I was sitting in the pub last night, when in came this very attractive girl, wearing not just a Rangers top, but a scarf also. She then gave me the glad eye for half an hour, before bringing me a pint of lager and chatting me up for another half hour. Finally, she said to me, "Fancy taking me home?" I said, "Sorry hen, but your just not in my league."

[Liberal Hibby]

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The National Collegiate Athletic Association on Monday banned Penn State University from post-season bowl games for four years, fined the university $60 million and imposed other sanctions in an unprecedented punishment for its inaction when officials were alerted to child sex abuse by former assistant coach Jerry Sandusky.
At a news conference in Indianapolis, NCAA Mark Emmert said Penn State football scholarships would be reduced to 15 from 25 and team wins would be vacated from 1998-2011.
The governing body for U.S. college sports opted not to levy the so-called “death penalty” that would eliminate an entire season or more for the scandal-scarred football program.


Read more: http://www.calgaryherald.com/news/NC...#ixzz21Ss9x8Ne

Shouldn't this be in a Celtc thread?

[jgl07]

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Shouldn't this be in a Celtc thread?

No Hearts thread would be more topical!

[jdships]

Had a chat , on Sunday, with a player who left RFC over the past weeks .
He suggested that Green may just play along with SPL/SFL et al , until the last minute and then if he is of the mind will simply " liquidate" the business , sell off the assets at a handsome profit and walk away .
This would presumeably mean there would be no RFC ,no Sevco and another team would have to be added to Div 3
He also said that the £5.5 M paid was a loan to be paid back by 2020 . This equates to approx £ 750,000 per annum plus interest.
I would imagine that unless they sell a great number of ST's they will have cash flow problems given those figures and the running costs to operate the club.

This simply came up in a general conversation about Scottish football therefore have no basis for saying it is true .

[CropleyWasGod]

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Had a chat , on Sunday, with a player who left RFC over the past weeks .
He suggested that Green may just play along with SPL/SFL et al , until the last minute and then if he is of the mind will simply " liquidate" the business , sell off the assets at a handsome profit and walk away .
This would presumeably mean there would be no RFC ,no Sevco and another team would have to be added to Div 3
He also said that the £5.5 M paid was a loan to be paid back by 2020 . This equates to approx £ 750,000 per annum plus interest.
I would imagine that unless they sell a great number of ST's they will have cash flow problems given those figures and the running costs to operate the club.

This simply came up in a general conversation about Scottish football therefore have no basis for saying it is true .

If he does that, he can expect a knock on his door from BDO.

[calmac12000]

Why is this crap still going on?
Surely, at this point with the season due to start, for the followers of Mordor at least on Saturday it's fairly obvious that the SFL are going to do diddly squat. As for the TV money surely that's a matter for the SFL clubs and not donkey Doncaster's dimwits. Also last I heard News International don't employ either Doncaster or Reagan as consultants. Since, they certainly don't appear to have acted on behalf of Scottish football, with their near constant diminishing of the product their supposedly employed to advocate.
I just want to get back to football and supporting Hibs, even if that will undoubtedly be full of the usual angst. Leave it to the likes of Traynor to cry about how harsh the world is and I confidently predict the West coast laptop loyal will suddenly develop an interest in the lower tier of Scottish football. Not to mention become overnight evangelists for league reconstruction.