Generic Sevco / Rangers meltdown thread

[ballengeich]

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I think Charlie bhoy said the cash was placed with the SFA. Maybe they are just sitting on it for a while

I read somewhere that the SFA had returned the cheque and told Green to deal directly with the clubs owed the money. Probably he'll do that once he's finished brewing tea for the hordes (if only he'd thought of bringing five loaves and two fishes). The season ticket money should at least have sorted any short-term cashflow problems.

[hail1875hail]

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legendary thread?

Congrats

[BarneyK]

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I think Charlie bhoy said the cash was placed with the SFA. Maybe they are just sitting on it for a while

Just resting in their account, perhaps...

[marti1875]

Did anyone see Charlie Greene's quite strange posturing/acting display for the unwashed hordes queuing to buy season tickets ? Think it was on the STV News at 6pm.

If ever there was a case of completely playing to the cameras and the brainless, gullible orcs standing there then this was it!
Just telling them what they wanted to hear, going off on yet another tangent about the SFA/SPL and yet again claiming they've got a hidden agenda against him blah blah blah.....

Just smacks of complete utter desperation to see him standing there in his shirt and tie, in the pissing down rain slavering on and on....i bet if the cameras weren't there he'd be nowhere to be seen!

[s.a.m]

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Just resting in their account, perhaps...

We need a smilie for these gratuitous Father Ted references.

[LeighLoyal]

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Did anyone see Charlie Greene's quite strange posturing/acting display for the unwashed hordes queuing to buy season tickets ? Think it was on the STV News at 6pm.

If ever there was a case of completely playing to the cameras and the brainless, gullible orcs standing there then this was it!
Just telling them what they wanted to hear, going off on yet another tangent about the SFA/SPL and yet again claiming they've got a hidden agenda against him blah blah blah.....

Just smacks of complete utter desperation to see him standing there in his shirt and tie, in the pissing down rain slavering on and on....i bet if the cameras weren't there he'd be nowhere to be seen!

100% spot on. Obvious this act is to ingratiate himself with the brain damaged zombie horde, via the compliant weegia, and sell as many Sevco books as possible. They are lapping this act up a treat by all accounts. This Yorkshire spiv in his cheap suit and the queue of zombie hordes make a beautiful sight.

[JeMeSouviens]

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Just smacks of complete utter desperation to see him standing there in his shirt and tie, in the pissing down rain slavering on and on....i bet if the cameras weren't there he'd be nowhere to be seen!

Expect a new orange away strip any day now.

(... but everybody else are the bigots. Aye, good one Chuck.)

[Liberal Hibby]

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We need a smilie for these gratuitous Father Ted references.

There's nothing gratuitous about Father Ted!

[blueisthecolour]

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Expect a new orange away strip any day now.

(... but everybody else are the bigots. Aye, good one Chuck.)

White with orange, not tangerine like the last one, dont see anyone having a problem afterall queens park also had an orange top;-)

[Barney McGrew]

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White with orange, not tangerine like the last one, dont see anyone having a problem afterall queens park also had an orange top;-)

Maybe, but in their case I'm sure they didn't do it to pander to backwards lowlifes who still live in the seventeenth century.

[Saorsa]

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Maybe, but in their case I'm sure they didn't do it to pander to backwards lowlifes who still live in the seventeenth century.

[Hibs07p]

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White with orange, not tangerine like the last one, dont see anyone having a problem afterall queens park also had an orange top;-)

What last one? Surely this is the first one? A Newco with a new shirt, unless you want to accept ALL of the history including ALL debt.

[Baldy Foghorn]

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White with orange, not tangerine like the last one, dont see anyone having a problem afterall queens park also had an orange top;-)

Why have orange in your kits?? Oh silly me, its to do with a certain battle hundreds of years ago, and silly men with sashes and bowler hats....New team, no debts, same bigotted cretins.....Horrible, vile institution, I wish Ipox was flattened and your corrupt bigotted team had died for good.....

[Cropley10]

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I am sorry again but what is the difference between the administrators for Rangers FC Group, who are about to be liquidated, selling Rangers and their assets to Charles Green and the administrators for Forth Investments, who were about to be liquidated, selling Hibs and their assets to Tom Farmer?

It is not possible to sell the SPL share nor membership of the SFA. That is held by a business, in this case Rangers Football Club Ltd. That business did nothing other than operate as a football club. It wasn't a holding company and if you were a shareholder in that business then you owned the Club.

After it went into admin it pretended to attempt a CVA. When this failed this signalled the end of Rangers Football Club Ltd corporately and therefore the end of their membership of the SPL and SFA.

Charles Green couldn't buy the share and membership, together with other bits and bobs he got for a song.

Sir Tom of Farmer prevented Hibernian from the same fate as Rangers FC; being liquidated and its assets sold. The key difference is Rangers debts and liabilities were too large to overcome, so the business (of being a football club) ended whereas Hibs weren't and the business could be restructured and the share retained.

[greenginger]

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It is not possible to sell the SPL share nor membership of the SFA. That is held by a business, in this case Rangers Football Club Ltd. That business did nothing other than operate as a football club. It wasn't a holding company and if you were a shareholder in that business then you owned the Club. <BR><BR>After it went into admin it pretended to attempt a CVA. When this failed this signalled the end of Rangers Football Club Ltd corporately and therefore the end of their membership of the SPL and SFA. <BR><BR>Charles Green couldn't buy the share and membership, together with other bits and bobs he got for a song. <BR><BR>Sir Tom of Farmer prevented Hibernian from the same fate as Rangers FC; being liquidated and its assets sold. The key difference is Rangers debts and liabilities were too large to overcome, so the business (of being a football club) ended whereas Hibs weren't and the business could be restructured and the share retained.

<BR><BR>I think the big difference in Hibs Football Club's problems was is was'nt the football part of the business that ran up the huge debts. They were incurred by the crazy pubs estate Rowland forced on Hibs PLC.<BR>The football club was a viable business and Tom Farmer " bought " the Club from the PLC liquidators Arthur Anderson. The remainder of the PLC were then liquidated.

[Jim44]

The papers are full of Newco getting a 40k+ crowd at their diddy league match at Ipox tomorrow. They're saying it's an embarrassment for the SPL which had a combined total of 40k at the weekend. What a stupid viewpoint to take of a statistic which is merely circumstantial and utterly meaningless. Hardly worth commenting on, I know, but I wonder how long it's going to take before the media realise that Newco are in reality a nonentity (a big one admittedly) operating in a minor and unimportant backwater ( with all due respect to the SFL clubs) which holds no interest for most of us.

[Baldy Foghorn]

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The papers are full of Newco getting a 40k+ crowd at their diddy league match at Ipox tomorrow. They're saying it's an embarrassment for the SPL which had a combined total of 40k at the weekend. What a stupid viewpoint to take of a statistic which is merely circumstantial and utterly meaningless. Hardly worth commenting on, I know, but I wonder how long it's going to take before the media realise that Newco are in reality a nonentity (a big one admittedly) operating in a minor and unimportant backwater ( with all due respect to the SFL clubs) which holds no interest for most of us.

The papers love sucking up to the Old Firm, whilst knocking everyone else....You only have to see papers after an old firm match, and they get 8 page pull outs, whilst other teames are lucky to get a page.....

As for the TV/Radio, they crank it up another level.....

[Part/Time Supporter]

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The papers are full of Newco getting a 40k+ crowd at their diddy league match at Ipox tomorrow. They're saying it's an embarrassment for the SPL which had a combined total of 40k at the weekend. What a stupid viewpoint to take of a statistic which is merely circumstantial and utterly meaningless. Hardly worth commenting on, I know, but I wonder how long it's going to take before the media realise that Newco are in reality a nonentity (a big one admittedly) operating in a minor and unimportant backwater ( with all due respect to the SFL clubs) which holds no interest for most of us.

Got to love the logic of the Laptop Loyal. New Huns having a large crowd is an embarrassment to themselves. It raises the question of how a club with such a large support base and resources could get into such a mess in the first place.

[grunt]

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Got to love the logic of the Laptop Loyal. New Huns having a large crowd is an embarrassment to themselves. It raises the question of how a club with such a large support base and resources could get into such a mess in the first place.

Good point. One which should be shouted loud from every SPL fans forum.

[CropleyWasGod]

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Good point. One which should be shouted loud from every SPL fans forum.

... which it has been in our case and, one would presume, in the case of every other SPL club.

The problem, as ever, is that the MSM aren't saying it.

[EVENTUALLY]

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The papers are full of Newco getting a 40k+ crowd at their diddy league match at Ipox tomorrow. They're saying it's an embarrassment for the SPL which had a combined total of 40k at the weekend. What a stupid viewpoint to take of a statistic which is merely circumstantial and utterly meaningless. Hardly worth commenting on, I know, but I wonder how long it's going to take before the media realise that Newco are in reality a nonentity (a big one admittedly) operating in a minor and unimportant backwater ( with all due respect to the SFL clubs) which holds no interest for most of us.

Lets see how many are trudging along to Ibrox in December and January when money is tighter, weather is lousy and the poor opposition will be providing shootie in practise and nil entertainment value.

[CropleyWasGod]

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The papers are full of Newco getting a 40k+ crowd at their diddy league match at Ipox tomorrow. They're saying it's an embarrassment for the SPL which had a combined total of 40k at the weekend. What a stupid viewpoint to take of a statistic which is merely circumstantial and utterly meaningless. Hardly worth commenting on, I know, but I wonder how long it's going to take before the media realise that Newco are in reality a nonentity (a big one admittedly) operating in a minor and unimportant backwater ( with all due respect to the SFL clubs) which holds no interest for most of us.

Unfortunate fact of life, of course, is that the Huns support (actual and armchair) still represent a large part of the readership of the red-tops. Therefore, in those terms, it has to be business as usual to protect their market.

[CropleyWasGod]

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http://www.dundeeunitedfc.co.uk/inde...d=4286&cd=2012

Dundee Utd say they have not been paid. Charlie wouldn't be lying would he.

More on this.http://www.scotsman.com/the-scotsman...ited-1-2468629

[joe breezy]

Not sure if the article has been posted but Daily Record making a big fuss about the possibility of Rangers breaking a record for a bottom tier attendance (even though in Brazil there are 4th tier attendances of over 50 000)

Anyway, here's a wee song to celebrate

[LeighLoyal]

Orcs on Radio Snyde moaning about Black being boo'd at ER because he plays for some team allegedly called The Rangers 2012, don't think so somehow. Who cares about them? Don't miss the sc um and don't want them back!

[Kaiser1962]

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<BR><BR>I think the big difference in Hibs Football Club's problems was is was'nt the football part of the business that ran up the huge debts. They were incurred by the crazy pubs estate Rowland forced on Hibs PLC.<BR>The football club was a viable business and Tom Farmer " bought " the Club from the PLC liquidators Arthur Anderson. The remainder of the PLC were then liquidated.

More accurately it wasnt ONLY the football club which ran up huge debts. The football club, in 1990, had debts of £4.5m (http://sport.scotsman.com/hibernianf...-on.6334773.jp) A year later and the football club debts had somehow risen to £7m (http://www.timesonline.co.uk/tol/spo...cle1144477.ece) when it went into receivership. It is a fair observation that Hibs "receivership" was engineered as it enabled Farmer to seperate the FC and the ground from the parent,which was now Forth Investments. Mercer had been trying to acquire 76.1% of Edinburgh Hibernian PLC (who we had bought the shares in).

Also it ended a stalemate between Farmer and Rowland, who was reluctant to sell his shares to Farmer as he was holding out for nearer the 40p that Mercer (long gone by this time) had originally offered as part of his £6.2m "merger". While Rowland pretty much wiped the floor with David Duff (although we should never forget that Duff did not sell at the crucial time, at a hefty financial cost to himself) both he, and Mercer, were found wanting against Farmer. Mercer realised this early enough and subsequently left Rowland to find out for himself.

While brighter and more informed posters than I are saying this was different from the Rangers situation the process, to me at least, appears to be very similar. Perhaps Farmer was a bit smarter than the Hun's?

[CropleyWasGod]

This'll cheer them up.... Lord Nimmo-Smith is back

http://www.bbc.co.uk/sport/0/football/19300338

The guy Flint is a heavy hitter too.... plenty experience in sports law.

[Hibs Class]

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This'll cheer them up.... Lord Nimmo-Smith is back

http://www.bbc.co.uk/sport/0/football/19300338

The guy Flint is a heavy hitter too.... plenty experience in sports law.

Good news - confident that those guys will reach the right decision based on the evidence and will ignore/withstand any other extraneous influence.

[ballengeich]

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This'll cheer them up.... Lord Nimmo-Smith is back

http://www.bbc.co.uk/sport/0/football/19300338

The guy Flint is a heavy hitter too.... plenty experience in sports law.

Do you have an opinion on whether Sevco can be held liable for any offences committed by the previous company in this sphere? If the dual contract investigation finds that Rangers were fielding unregistered players and should have points deducted, then it's possible that they should have been relegated in 11 successive seasons. In that circumstance, it seems to me that removing titles from the old company's record would be an utterly inadequate punishment for their misdeeds.

I hope that the agreement signed to allow The Rangers to take Rangers' SFA membership includes a clear clause which would mean that the new company could receive appropriate punishment for the old company's sins. However, I don't expect that to be so. The dispute about the payment due to Dundee United indicates that the agreement was drawn up in haste without adequate attention to precision. The priority of the football authorities was to have some manifestation of Rangers back in the Scottish game for the current season without losing too much face in the short term. More money for lawyers in the future I fear.

[Kaiser1962]

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Do you have an opinion on whether Sevco can be held liable for any offences committed by the previous company in this sphere? If the dual contract investigation finds that Rangers were fielding unregistered players and should have points deducted, then it's possible that they should have been relegated in 11 successive seasons. In that circumstance, it seems to me that removing titles from the old company's record would be an utterly inadequate punishment for their misdeeds.

I hope that the agreement signed to allow The Rangers to take Rangers' SFA membership includes a clear clause which would mean that the new company could receive appropriate punishment for the old company's sins. However, I don't expect that to be so. The dispute about the payment due to Dundee United indicates that the agreement was drawn up in haste without adequate attention to precision. The priority of the football authorities was to have some manifestation of Rangers back in the Scottish game for the current season without losing too much face in the short term. More money for lawyers in the future I fear.

The whole thing needs clarification from the authorities. Sevco are expecting to pay the "football debts" with Oldhun's money from finishing second in the SPL yet deny any liability for any of Oldhun's wrongdoings and chicanery.

It appears they are trying to get it both ways, to suit their agenda.