Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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In the DR article (I know) linked above, EY's Neil Patey is quoted as saying there will be about £1m available for payment to creditors.
Surely D&P could have gained more for the creditors than £1m by selling all the players and selling the Rangers assets individually? The money due from Everton for Jelavic was more than that - just looked at D&P report saying there was £3.8m due from other football clubs.
Their management of this insolvency is looking increasingly incompetent, or worse.

Not sure I agree with your summation of D&P'S administration.

Yes, it's easy to be wise in hindsight and say "they should have... could have.." etc. However, their initial approach always was to sell the business as a going concern. That, IMO, was absolutely the right thing to do.

Where they failed, I think, was their delay in recognising that that approach was not going to work; I think thay may also have over-estimated the worth of RFC. Their defence, of course, would be that too many apparent purchasers strung them along for too long. Whether that is a valid defence, one can only guess at just now.

[CropleyWasGod]

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Regardless of what way the decision may go, this is utterly ridiculous, and I can appreciate the anger building. 2 days before the SFL season begins and there is no decision!

Which of course means if Rangers get a no, there's no time to offer the slot to other clubs! This entire mess should have been done and dusted within a week of liquidation.

... which has yet to happen.

There always was going to be a tight time-frame to get all of this done. If you remember, there had to be notice periods for all of the various meetings to decide on RFC and Sevco's situation. Due process and all....which is only fair.

[hibs0666]

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Irresponsible reporting from the Daily Record. There is no reason to publish the names of those on the Tribunal. Indeed, RFC could have a case against HMRC for breach of confidentiality.

The names of tribunal members was released by HMRC last week to Alex Thomson.

[CropleyWasGod]

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The names of tribunal members was released by HMRC last week to Alex Thomson.

HMRC have no right to do that.

[Steve-O]

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Wouldn't surprise me if they formed a 14 team SPL with Rangers back in and include Dundee & Dunfermline, saves legal action.

Other latest this morning

Sky and ESPN will show 65 matches per season from the SPL & Div 3 if RFC Newco are granted a license.

Kenneth Mure QC named as man tasked with ruling on Rangers' Big Tax case

http://www.dailyrecord.co.uk/news/sc...6908-23913367/

Where you getting that?

[greenginger]

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HMRC have no right to do that.

But Sevco F C 's manager demanded to know their names for the sake of transparency.

[EuanH78]

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HMRC have no right to do that.

Not sure HMRC released the names TBH.

[JeMeSouviens]

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HMRC have no right to do that.

Not HMRC, the Tribunals Service:

http://blogs.channel4.com/alex-thoms...-tribunal/2359

[JeMeSouviens]

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Where you getting that?

Article in the Herald.

[ScottB]

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... which has yet to happen.

There always was going to be a tight time-frame to get all of this done. If you remember, there had to be notice periods for all of the various meetings to decide on RFC and Sevco's situation. Due process and all....which is only fair.

Well the week that newco bought oldco then ;)

I get what you're saying, but it seems that throughout nobody in the governing bodies has wanted to be 'the one to pull the trigger' so here we are, 2 days before kick off and there is no answer and no back up plan!

[CropleyWasGod]

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Well the week that newco bought oldco then ;)

I get what you're saying, but it seems that throughout nobody in the governing bodies has wanted to be 'the one to pull the trigger' so here we are, 2 days before kick off and there is no answer and no back up plan!

I probably agree with you there, but there is also the argument (which many have raised on here) that "due process" is important in all of this. In other words, to do things by the book so that no-one can come back later and complain.

[StevieC]

It wouldn't surprise me if Rangers were willing to sacrifice the cup game as a means of calling the SFA's bluff on the membership transfer.

[grunt]

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Not sure I agree with your summation of D&P'S administration.

That is of course your prerogative.

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Yes, it's easy to be wise in hindsight and say "they should have... could have.." etc. However, their initial approach always was to sell the business as a going concern. That, IMO, was absolutely the right thing to do.

I don't think my views are based on hindsight. I have thought from the word go that they should have sold the club's assets to realise the cash. Look how long it to SDM to sell the club for a £1. I just can't see how D&Ps behaviour has resulted in the optimum solution for the creditors.

[grunt]

Here's a blog post with enough numbers in it to keep CavGreen and CWG busy for a couple of hours...
(Does anyone wonder at how close Caversham Green's name is to Charles Green...?)

http://scotslawthoughts.wordpress.co...e-financially/

[Renfrew_Hibby]

SFA want Rangers striped of certain titles then they can gain membership. Rangers do not want to be stripped of said titles and will not agree to this. Result is that Rangers will hold out as long as possible until SFA drop their insistance on stripping titles. If this means postponed matches and a staggered start to leagues then so be it.

[Steve-O]

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SFA want Rangers striped of certain titles then they can gain membership. Rangers do not want to be stripped of said titles and will not agree to this. Result is that Rangers will hold out as long as possible until SFA drop their insistance on stripping titles. If this means postponed matches and a staggered start to leagues then so be it.

Actually it's the SPL, and they just want to INVESTIGATE. Should they be found not guilty, there'll be not stripping of punishments. Therefore, what are they scared of?

[Hanny]

BBC's Chris McLaughlin:

@BBCchrismclaug: All parties involved in #Rangers #SFA membership saga now of the opinion that deal is pretty much done. Statement likely this afternoon.

[CropleyWasGod]

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That is of course your prerogative.

I don't think my views are based on hindsight. I have thought from the word go that they should have sold the club's assets to realise the cash. Look how long it to SDM to sell the club for a £1. I just can't see how D&Ps behaviour has resulted in the optimum solution for the creditors.

At the time, though, there were all sorts of people saying they would pay this and that for the club. None of those amounted to anything, of course, which was not really D&P'S fault. Where D&P fell down, IMO, was not recognising that early enough.

[StevieC]

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SFA want Rangers striped of certain titles then they can gain membership. Rangers do not want to be stripped of said titles and will not agree to this. Result is that Rangers will hold out as long as possible until SFA drop their insistance on stripping titles. If this means postponed matches and a staggered start to leagues then so be it.

I think a lot of people are underestimating the SFA.
Regan is not ""THE" SFA, he is only their current mouthpiece.
The more that Rangers push them the more likely they are to play hard ball with. This is an organisation that has historically looked upon itself as the be all and end all of Scottish Football and will not take lightly to be dictated to.
Rangers, in recent months, have taken them to court and made them look silly in front of UEFA and FIFA. They disclosed the identities of an SFA tribunal board and subjected them to threats and abuse. They are probably in no mood to be doing them any favours.

[calmac12000]

StevieC

It wouldn't surprise me if Rangers were willing to sacrifice the cup game as a means of calling the SFA's bluff on the membership transfer.

I think that Rangers' actions throughout this farce have revealed them to be quite willing to sacrifice the future of the Scottish game itself if that furthers in any way their myopic view on the state of SEVCO.

[johnrebus]

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BBC's Chris McLaughlin:

@BBCchrismclaug: All parties involved in #Rangers #SFA membership saga now of the opinion that deal is pretty much done. Statement likely this afternoon.

Why does this word 'deal', keep appearing.

The SFA/SPL does not need to negotiate anything with SEVCO. Its up to the SFA/SPL to tell the Hun what is happening and for the Hun to either accept or leave.


The reaction of the Hun, from McCoist downwards re-inforces my view that the country, never mind Scottish Football, would be a better place without them.

[calmac12000]

http://www.dailyrecord.co.uk/news/sc...6908-23913367/
Gee'z, their certainly going for the blue vote to judge from this link. Just noticed how blatantly anti-Catholic this rag is. Rather depressing actually.

[YehButNoBut]

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Where you getting that?

http://www.heraldscotland.com/sport/...roval.18258382

CONTRACTS will be signed with Sky and ESPN to show 65 matches per season from the Scottish Premier League and Irn-Bru Third Division if Rangers newco's Scottish Football Association membership is approved later today.

Sky will have the rights to 30 games, starting with Celtic versus Aberdeen at Parkhead next Saturday lunchtime, then Rangers newco's opening third division encounter at Peterhead on August 11. ESPN would have 35 live games and the first would be Dundee United versus Hibernian on Sunday, August 5.

Herald Sport understands that a deal involving the SPL, Scottish Football League and the two broadcasters – and including rights for 15 of the newco's league games per season – will preserve most of the value of the existing £16m-a-season television agreement for the current campaign. That will spare top-flight clubs from the most severe repercussions some had feared from at least three years without the Ibrox club.

The television deal is agreed in principle but cannot be signed until Sevco Scotland Ltd's application for the transfer of Rangers' SFA membership is approved. That needs to happen before the club can play its first match at Brechin City in the Ramsdens Cup on Sunday afternoon. In theory, approval could be given at any time up until kick-off, but practicalities and exchanges of documents essentially mean it has to be done today. But all five parties – Sevco Scotland, the oldco Rangers, the SFA, SPL and SFL – were understood to believe the discussions were almost there last night and that there will be a satisfactory conclusion, and the signing of contracts, later today.

Representatives from Charles Green's newco regime held further negotiations with Neil Doncaster, the SPL chief executive, yesterday. A major obstacle has been the SPL's view that accepting any potential punishment from its ongoing investigation into undisclosed payments to players via Employment Benefit Trusts – alleged to have happened over several years of the oldco Rangers – should be accepted by Sevco as a condition of membership. Manager Ally McCoist and some others at Ibrox have vigorously opposed any acceptance that the club could be stripped of league titles if a guilty verdict is returned.

BBC Alba will have live coverage of Rangers' tie at Brechin and yesterday the channel was continuing to plan as though the match would go ahead. As for the longer-term deal involving Sky and ESPN, the companies will discuss how the SPL and third division coverage is shared in the weeks and months ahead. "It will be up to the broadcasters to decide how the games are carved up," said a source at one SPL club.

[Hanny]

It keeps getting weirder:

@GrahamSpiers: Eduardo Hurtado – ‘The Tank’ – apparently happy to come out of retirement and play for Rangers. Just turned 42, still got some mileage…

[MrSmith]

So that is what it is then!

Sevco as Rangers continuing to pull the strings of Scottish football by holding up an agreement (they morally do not have a say in) therefore, holding clubs to ransom over the TV deal.

When will it all stop...?

[EuanH78]

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So that is what it is then!

Sevco as Rangers continuing to pull the strings of Scottish football by holding up an agreement (they morally do not have a say in) therefore, holding clubs to ransom over the TV deal.

When will it all stop...?

Sometime in the middle of this season according to these estimated figures

http://scotslawthoughts.wordpress.co...e-financially/

[EuanH78]

And more signing talk - Kyle and Stack for newco

http://sport.stv.tv/football/112719-...h-fa-decision/

[Mikey]

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http://www.heraldscotland.com/sport/...roval.18258382

CONTRACTS will be signed with Sky and ESPN to show 65 matches per season from the Scottish Premier League and Irn-Bru Third Division if Rangers newco's Scottish Football Association membership is approved later today.

Sky will have the rights to 30 games, starting with Celtic versus Aberdeen at Parkhead next Saturday lunchtime, then Rangers newco's opening third division encounter at Peterhead on August 11. ESPN would have 35 live games and the first would be Dundee United versus Hibernian on Sunday, August 5.

That'll be why we've heard nothing about the derby being on TV that day. If Sevco being on TV is going to leave us with more 3pm kick off's then that's fine by me!

[grunt]

http://www.philmacgiollabhain.ie/pfa...vco/#more-2944

PFA to claim 13 weeks' wages from Sevco for the players who didn't transfer

[Northernhibee]

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http://www.philmacgiollabhain.ie/pfa...vco/#more-2944

PFA to claim 13 weeks' wages from Sevco for the players who didn't transfer

Sevco should have never been admitted to division 3. No license, no idea what the size of their fanbase will be, no idea what their income will be, yet still owe a lot of money and have players on wages above the level of most SPL clubs.

If I was a director at someone like Spartans I'd be consulting some lawyers. Sevco are in no way ready to play football and in no way are good for Scottish football.

Doncaster, Regan, SFA, Sevco, GTF.