Generic Sevco / Rangers meltdown thread

[YehButNoBut]

Nothing major really, seems a fuss over very little

http://www.falkirkherald.co.uk/sport...ents-1-2478394

When reading out half-time scores from elsewhere in the country, Dave McIntosh referred to Rangers as ‘Sevco FC’ - a reference to the parent company that reformed the Glasgow giants last month following the club’s widely reported financial struggles.

That prompted a flurry of angry comments from Rangers fans on social media sites, including Twitter and Facebook, after the incident was flagged up on a message board.

McIntosh’s personal website has since been taken offline.

[Gettin' Auld]

The barely literate sevco knuckle-draggers are not too happy.

http://forum.rangersmedia.co.uk/inde...owtopic=235622

[Pretty Boy]

Called them the Sevco franchise and called Ibrox Castle Greyskull apparently.

I fail to see the problem myself.

[CropleyWasGod]

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I don't think there's any chance of that at all. The SFA and the Scottish media may have crossed its fingers behind its back and tried to swallow the lie that this is the same club but there's no way a court will see them as the same entity. If you don't pay your car loan, its repossessed and I buy it second hand. I don't have to pay your speeding tickets.

I came to the same conclusion, by another route...see above somewhere.

[JeMeSouviens]

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they will soon be back, debt free and with 40,000 season ticket holders.

I hope I'm wrong.

I think you're wrong about the debt part. Hibs reckon to make £200/ST. The Huns are charging a good bit less, so say they get £150.

150*40000 = £6M

I reckon their wage bill will take all of that plus any commercial income they can scrape together. Plus they have to find a couple of million to pay OldHun football debts and I'd be amazed if the Greenies aren't loading the £5.5M asset purchase onto the club as debt. Green has had to spend big for D3 (and pander to the worst of the bigots) to get Hun ST holders onside. He has to keep spending this side of any potential share issue and the Hun masses will absolutely demand they try and keep up with Celtc on their return. His hope is the share issue enables him to bail with a tidy profit following the Fergus McCann model. Possible, but far from a given.

I expect them to romp through the lower leagues. Huns love winning no matter how non-existent the opposition. Unless Celtc show a considerable decline in revenue in the meantime though, it's going to be a big step for them to try and go from a squad to walk the lower leagues to squad to challenge for the SPL. The Huns will not accept years of second places, no matter how far ahead they are of 3rd. That could do them a lot more damage than their trip through Ds 3,2 and 1.

[jgl07]

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Sevco fans are the lowest of the low.

Rumours circulating amongst SevcoMedia that if they draw an SPL team in the cup at Ibronx if they get past Falkirk, they'll charge £14 for a programme that contains a voucher to get in for a quid, thinking it means that the other team gets next to nothing on the gate split. Amusing - pretty sure that would make the face value of the ticket £15 still and they'd still have to pay the full whack to the other team. Could be wrong.

They cannot do that as the visiting team have to agree to any reductions in admission prices from the normal League price.

I suspect that Hibs have to cough up a share of the notional cash for season ticket holders with the cup top-ups.

[JeMeSouviens]

Falkirk's email is [email protected]

Just sent them this:

FAO Martin Ritchie re Stadium Announcer

Dear Mr Ritchie,

As a Hibernian supporter, I write to express my disappointment at Falkirk's decision to investigate your stadium announcer and apologise to "Rangers" over announcing their half time score as "Sevco".

Every fan of every other club apart from "Rangers" that I have spoken to is disgusted at the unrepentant, aggressive attitude of Messrs Green, Jardine and McCoist and their repeated snide remarks about or outright confrontational stance towards other Scottish clubs. The owners of the old Rangers FC got them into the mess they're in, nobody else. In fact the rest of Scottish football has bent over backwards to fast track the new club that took over their assets past the other more established potential applicants for the vacant SFL place just to attempt to placate the fans of the defunct club. Perhaps if they showed a bit more gratitude for that, they might receive an iota of sympathy.

Your announcer made a light hearted remark that doubtless offended nobody present at the game. If "Rangers" fans claim to be offended about it now, then perhaps they should develop a little thicker skin because unless their attitude undergoes a remarkable transformation they will not find much goodwill at any ground in Scottish football.

I believe the correct course of action now is for you to immediately reinstate your announcer with a public apology for any distress your hasty action has caused him.

Yours sincerely,

[Moulin Yarns]

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Called them the Sevco franchise and called Ibrox Castle Greyskull apparently.

I fail to see the problem myself.

A few years ago, a BBC weather announcer, possibly Kirstie McCabe, got into a spot of bother when referring to the stadium formerly occupied by some team called Rangers as Castle Greyskull. She was shipped of to Devon I think. I also think she was a Killie fan. Possibly still is.

[Northernhibee]

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They cannot do that as the visiting team have to agree to any reductions in admission prices from the normal League price.

I suspect that Hibs have to cough up a share of the notional cash for season ticket holders with the cup top-ups.

I think their plan is that the ticket is still £15, but the voucher is worth a £14 deduction.

One of two things happen from that;

The value of the ticket is seen as £1 and Sevco get a charge of bringing the game into disrepute as well as breaking minimum prices.

Or

The value of the ticket is seen as £15 and the voucher has a worth of £14, therefore the share of £15 has to still go to the SPL club.


If this is true, Green is a bigger moron than I thought. They really think they've been hard done by over this. It's incredible.

Take a look as to how they refer to other D3 clubs; arrogant, deluded and full of themselves. They also think that other clubs are "obsessed" with Rangers to the detriment of the support of their own team, whereas people are supporting their teams perfectly well, they're just finding it hilarious to find a team of cheats struggling to beat the likes of Brechin and Peterhead.

[green glory]

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I think their plan is that the ticket is still £15, but the voucher is worth a £14 deduction.

One of two things happen from that;

The value of the ticket is seen as £1 and Sevco get a charge of bringing the game into disrepute as well as breaking minimum prices.

Or

The value of the ticket is seen as £15 and the voucher has a worth of £14, therefore the share of £15 has to still go to the SPL club.

If this is true, Green is a bigger moron than I thought. They really think they've been hard done by over this. It's incredible.

Take a look as to how they refer to other D3 clubs; arrogant, deluded and full of themselves. They also think that other clubs are "obsessed" with Rangers to the detriment of the support of their own team, whereas people are supporting their teams perfectly well, they're just finding it hilarious to find a team of cheats struggling to beat the likes of Brechin and Peterhead.

Let's face it. They're just dreaming up new ways of cheating. Unrepentant vermin.

[LeighLoyal]

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Falkirk's email is [email protected]

Just sent them this:

FAO Martin Ritchie re Stadium Announcer

Dear Mr Ritchie,

As a Hibernian supporter, I write to express my disappointment at Falkirk's decision to investigate your stadium announcer and apologise to "Rangers" over announcing their half time score as "Sevco".

Every fan of every other club apart from "Rangers" that I have spoken to is disgusted at the unrepentant, aggressive attitude of Messrs Green, Jardine and McCoist and their repeated snide remarks about or outright confrontational stance towards other Scottish clubs. The owners of the old Rangers FC got them into the mess they're in, nobody else. In fact the rest of Scottish football has bent over backwards to fast track the new club that took over their assets past the other more established potential applicants for the vacant SFL place just to attempt to placate the fans of the defunct club. Perhaps if they showed a bit more gratitude for that, they might receive an iota of sympathy.

Your announcer made a light hearted remark that doubtless offended nobody present at the game. If "Rangers" fans claim to be offended about it now, then perhaps they should develop a little thicker skin because unless their attitude undergoes a remarkable transformation they will not find much goodwill at any ground in Scottish football.

I believe the correct course of action now is for you to immediately reinstate your announcer with a public apology for any distress your hasty action has caused him.

Yours sincerely,

Good letter mate. I'd no idea they had suspended the guy, absolute disgrace if true but there is a big presence in Falkirk.



On the Sevco / oldco thing. They cannot have their cake and eat it. This is where the issues come in regards court action. Even if it was thrown out it would shatter the establishment myth (LIE!) that nothing has changed at Mordor except the owner.

[hibsbollah]

So Falkirk have suspended their stadium announcer after being deluged by complaints from irate hunnery i never expect huns to have a sense of humour but still, thats petty.

They should really change their song to 'No one likes us, and we really care. A LOT'.

[LeighLoyal]

Yeah, they do care a lot. They are liars as well as thieves and beggars, every one of them. I've just emailed Falkirk FC as a resident of ten plus years to complain about this fellow's treatment. Shabby to say the least. Their name IS Sevco. Holding company of The Rangers FC 2012 is Sevco 5088. So nothing innaccurate or offensive.

[CropleyWasGod]

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Yeah, they do care a lot. They are liars as well as thieves and beggars, every one of them. I've just emailed Falkirk FC as a resident of ten plus years to complain about this fellow's treatment. Shabby to say the least. Their name IS Sevco. Holding company of The Rangers FC 2012 is Sevco 5088. So nothing innaccurate or offensive.

There is no company registered under name of The Rangers FC 2012.

The football club, now registered as The Rangers Football Club Limited but formerly registered as Sevco Scotland Limited, has no holding company. According to Companies House, it has 2 shares in issue, both of which are held by Charles Green.

Sevco 5088 is the company that was used to purchase the assets of RFC (IA). IIRC, those assets were then transferred to Sevco Scotland, now known as The Rangers Football Club Limited.

No matter how many ways you slice it, their name is no longer Sevco.

[JeMeSouviens]

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Yeah, they do care a lot. They are liars as well as thieves and beggars, every one of them. I've just emailed Falkirk FC as a resident of ten plus years to complain about this fellow's treatment. Shabby to say the least. Their name IS Sevco. Holding company of The Rangers FC 2012 is Sevco 5088. So nothing innaccurate or offensive.

I realise there's a lot of confusion in this area but "The Rangers FC" is the renamed Sevco Scotland (I think the assets of OldHuns were bought by Sevco 5088 and then transferred to Sevco Scotland).

Rangers FC plc (OldHuns) was not a holding company (the rather obvious clue being it didn't hold shares in any other company), it was Rangers.

Sevco Scotland, now renamed The Rangers FC Ltd is not a holding company either, it is the new Rangers.

The new Rangers owns the assets of the old Rangers but there is no legal connection from one entity to the other.

[Caversham Green]

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There is no company registered under name of The Rangers FC 2012.

The football club, now registered as The Rangers Football Club Limited but formerly registered as Sevco Scotland Limited, has no holding company. According to Companies House, it has 2 shares in issue, both of which are held by Charles Green.

Sevco 5088 is the company that was used to purchase the assets of RFC (IA). IIRC, those assets were then transferred to Sevco Scotland, now known as The Rangers Football Club Limited.

No matter how many ways you slice it, their name is no longer Sevco.

And that tells us that the £5.5m paid for the assets of Deadrangers is not share capital. Looks like it's all loan capital, which gives the lie to Compo's claim that the newhuns are debt-free.

[CropleyWasGod]

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And that tells us that the £5.5m paid for the assets of Deadrangers is not share capital. Looks like it's all loan capital, which gives the lie to Compo's claim that the newhuns are debt-free.

Good point.

My only reservation would be that further shares may have been issued since that date.

(I can't remember... do you still have to register share issues between Annual Returns? If so, and shares have been issued, maybe the issue hasn't been registered yet, or perhaps CH haven't published it.)

One also wonders how much TRFC Ltd. paid Sevco 5088 for the assets, and how that was financed?

[Caversham Green]

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Good point.

My only reservation would be that further shares may have been issued since that date.

(I can't remember... do you still have to register share issues between Annual Returns? If so, and shares have been issued, maybe the issue hasn't been registered yet, or perhaps CH haven't published it.)

One also wonders how much TRFC Ltd. paid Sevco 5088 for the assets, and how that was financed?

I believe you do have to register new share issues, it's only changes in the holders of existing shares that can wait for the Annual Return. It is possible that they just haven't completed the paperwork yet, but that seems a bit dangerous given the circumstances.

I notice there's a mortgage registered with what is now Rangers - I'll be away from tomorrow, so I haven't bothered to get a copy.

[CropleyWasGod]

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I believe you do have to register new share issues, it's only changes in the holders of existing shares that can wait for the Annual Return. It is possible that they just haven't completed the paperwork yet, but that seems a bit dangerous given the circumstances.

I notice there's a mortgage registered with what is now Rangers - I'll be away from tomorrow, so I haven't bothered to get a copy.

I saw that, and investigated it further.

It's in relation to the training ground, so we know that that property, at least, is in the name of TRFC Ltd.

You might remember that the Scottish Sports Council had a charge on OldHuns.... I think it was in respect of a grant that they had given them to buy or refit Murray Park. I don't know the terms of the grant, but presumably it was repayable if certain conditions weren't met within a certain time.

This charge names the SSC, so it looks like NewHun took over that particular part of OldHuns liabilities. IIRC, that was the only secured creditor, apart from the infamous pie mortgage.

[PatHead]

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I believe you do have to register new share issues, it's only changes in the holders of existing shares that can wait for the Annual Return. It is possible that they just haven't completed the paperwork yet, but that seems a bit dangerous given the circumstances.

I notice there's a mortgage registered with what is now Rangers - I'll be away from tomorrow, so I haven't bothered to get a copy.

Can't see Grren getting away with telling lies. The Scottish press would be all over it. They surely wouldn't let it happen again...........would they?

[Jonnyboy]

http://www.scotsman.com/sport/footba...ibes-1-2478375

[3pm]

Suspended. Deary me.

[Saorsa]

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Suspended. Deary me.

yep, ridiculous, how dare anyone have a laugh at them.

[surreyhibbie]

Can't believe that the vast majority of Rangers fans wouldn't just laugh it off and give the announcer a two fingered salute and a suitable word or two.


Load of nonsense, and just a bit of banter.

[matty_f]

I absolutely love how the article explains what Castle Greyskull is.

[VickMackie]

On RM they were going to boycott over it. I hope they reinstate him on 31 August.

[givescotlandfreedom]

Why does the article talk about Rangers? They don't exist anymore.

[frazeHFC]

I love that guy. Justice for Dave!

[jacomo]

"very serious".

[lucky]

Is it any worse than the cop showing 5-1 with hands to the yams at the recent derby game? Enough Hibbies got wound up over that .