Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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

I think they'll get rid of as many as they can of the oldco's players except for McCulloch who has a similar symbolic status to the manager's (for the moment). The players who've stayed are the ones who couldn't get the same money anywhere else (mistaken for loyalty by the fans) so further loans deals may be needed.

I reckon the oldco was losing up to £10million in seasons it didn't get into the Champions' League. The Newco's gate income is down quite a bit due to the reduced prices even if the numbers don't drop. Adding in the loss of SPL prize money, media income and a likely drop in other corporate sponsorship there's a big operating deficit to be eliminated. Up to £20 million?

I don't know how much of it has gone with the departure of the big earners (shame about the lack of transfer fees for most of them), but it'll have taken out a fair proportion. I expect that after the transfer window is over and the season ticket money is safely banked there'll be a fairly brutal redundancy exercise to get costs down further. I don't see how it would be in the Green group's interest to have another administration so I expect them to make whatever cuts they need to in order to avoid that. Selling it to the fans will be an interesting PR challenge. Getting the support in next season might be more difficult than this.

I do wonder (indeed, was thinking it when all the TUPE stuff was going on) whether some of those players were "induced" to stay... ie "stay here a couple of months. We won't be hard to deal with if a new club comes along, and you'll get a better signing-on fee from them as a result". That way TRFC get money that they wouldn't have, had the player walked when they had the right to.

[LeighLoyal]

Regan still planning to fast track Sevco 2012 into an spl2 next year. We should be fighting against this with every fibre. Reconstruction for the good of Sevco 2012, not the law abiding, honest clubs who pay their bills and meet the queen's taxes! Just say NO to cheats! Say NO to Sevco!


http://www.dailymail.co.uk/sport/foo...cond-tier.html

[hibs0666]

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

Regan still planning to fast track Sevco 2012 into an spl2 next year. We should be fighting against this with every fibre. Reconstruction for the good of Sevco 2012, not the law abiding, honest clubs who pay their bills and meet the queen's taxes! Just say NO to cheats! Say NO to Sevco!


http://www.dailymail.co.uk/sport/foo...cond-tier.html

Why? Punters are not bailing out their teams in the way they said they would.

[Onion]

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

Regan still planning to fast track Sevco 2012 into an spl2 next year. We should be fighting against this with every fibre. Reconstruction for the good of Sevco 2012, not the law abiding, honest clubs who pay their bills and meet the queen's taxes! Just say NO to cheats! Say NO to Sevco!


http://www.dailymail.co.uk/sport/foo...cond-tier.html

And since I'm in a petty mood, we should immediately replace "Rangers" in all our songs with another team. Heard the Yam songs last night including "Rangers" and thought that was just wrong.

The best way of sticking it to Sevco is to ignore them entirely.. oh, and take the songs of the Old Co.

"We are the peepul" would be a good start.
"We hate ??????? ???????, we hate Celtic too, we hate......"

[green glory]

We hate Glasgow Sevco,
We hate Celtic too etc.

[CropleyWasGod]

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

You can understand the reluctance for clubs to spend this year as going by the previous outcry by supporters, many will walk away if this happens.
Many probably have already as those in charge seem determined to kill off the game.

Still, the transfer embargo will soon kick in meaning they can't sign more players.
Of course neither will any other team as the transfer window will be closed.

Every charge against The Rangers should include Regan as an accomplice.

Other clubs can sign free agents. Rangers can't.

[green glory]

More lies from Greeny.

http://www.bbc.co.uk/sport/0/football/19376352

[CropleyWasGod]

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

More lies from Greeny.

http://www.bbc.co.uk/sport/0/football/19376352

Is it lies, though?

Whilst it's true that TRFC Ltd. had 2 shares initially, both held by Green, it is possible that further shares have been issued subsequently. When I last looked, that issue hadn't been registered at Companies House, but that doesn't mean that they haven't been issued.

Given the figures quoted, it suggests that £11m has been raised from shares. Adding the season ticket sales to that, say 33k x £150, £5m, and a few transfer fees, that's working capital of about £17m or so.

Enough to keep 'em going?

[Kaiser1962]

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

Is it lies, though?

Whilst it's true that TRFC Ltd. had 2 shares initially, both held by Green, it is possible that further shares have been issued subsequently. When I last looked, that issue hadn't been registered at Companies House, but that doesn't mean that they haven't been issued.

Given the figures quoted, it suggests that £11m has been raised from shares. Adding the season ticket sales to that, say 33k x £150, £5m, and a few transfer fees, that's working capital of about £17m or so.

Enough to keep 'em going?

Rangers running costs, whilst in the SPL, was close to £60m per season. Expenditure over the last 11 seasons, during which they werent really paying full taxes either, was £656m, of which just over half (£332m)was wages.

[CropleyWasGod]

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

Rangers running costs, whilst in the SPL, was close to £60m per season. Expenditure over the last 11 seasons, during which they werent really paying full taxes either, was £656m, of which just over half (£332m)was wages.

Zattanaw then?

[Kaiser1962]

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

Zattanaw then?

The figures include an overspend of £85m during the same period, but dont include £49m avoided through a poorly operated EBT scam, or the VAT they collected from their fans, but didnt pay.

[CropleyWasGod]

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

The figures include an overspend of £85m during the same period, but dont include £49m avoided through a poorly operated EBT scam, or the VAT they collected from their fans, but didnt pay.

Och, the fans' share issue will see them all right.

[grunt]

New progress report in from D&P

http://www.rangers.co.uk/images/stat...ust%202012.PDF

FTT result "expected in September".

[Kaiser1962]

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

Och, the fans' share issue will see them all right.

Of course it will. The 2004 issue went really well raising the grand total of £51,430,995 after Rangers debts hit £73.9m as of June 30th 2004. His intention was to raise £57m so Murray claimed the issue a success.

Thats the figure the Huns told us that the issue raised but Murray was left to pay for (or did he? ) £50,275,000 of the total. So only £1,155,995 was brought in externally, despite the enormous hype at the time.

Of that external total (outwith Murray/Murray Group (probably BOS, no wonder they went tits up)) only £307,530 came from new shareholders (1,263 orcs parted with their giro's)

Existing shareholders accounted for the other £848,565.

[LeighLoyal]

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

Of course it will. The 2004 issue went really well raising the grand total of £51,430,995 after Rangers debts hit £73.9m as of June 30th 2004. His intention was to raise £57m so Murray claimed the issue a success.

Thats the figure the Huns told us that the issue raised but Murray was left to pay for (or did he? ) £50,275,000 of the total. So only £1,155,995 was brought in externally, despite the enormous hype at the time.

Of that external total (outwith Murray/Murray Group (probably BOS, no wonder they went tits up)) only £307,530 came from new shareholders (1,263 orcs parted with their giro's)

Existing shareholders accounted for the other £848,565.

And that 50.275m came direct from Skinty's pals in Bank of Scotland, albeit via a Murray Group account. The pals that gave him the money to buy the Orcs in 88. Sweet eh? And Labour fuds gave him a knighthood

[jgl07]

It is nearly 45 years since the fampus cup clash of the two Rangers in Scottish football.

Then Jock Wallace's Rangers beat the bigots from Ibrox 1-0.

To paraphrase Alan Partridge, Sevco are the team that Rangers could have gone on to become!

[Kaiser1962]

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

And that 50.275m came direct from Skinty's pals in Bank of Scotland, albeit via a Murray Group account. The pals that gave him the money to buy the Orcs in 88. Sweet eh? And Labour fuds gave him a knighthood

To be fair the money is still probably owed by Murray Group so the BOS, technically, have not lost the money..............................yet.

[green glory]

Lee Wallace was in my gym this morning. Looks even more gormless up close.

[jgl07]

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

And that 50.275m came direct from Skinty's pals in Bank of Scotland, albeit via a Murray Group account. The pals that gave him the money to buy the Orcs in 88. Sweet eh? And Labour fuds gave him a knighthood

Who from BoS received a knighthood?

You are obviously thinking of him from the RBS.

[jamieross]

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

Who from BoS received a knighthood?

You are obviously thinking of him from the RBS.

Think hes on about Murray

[Jim44]

The natives on FF are getting restless over the way things are going. McCoist's lack of ability is starting to outweigh his blind loyalty and Boccanegra is being pilloried for wearing green and white boots on Saturday.

[lapsedhibee]

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

The natives on FF are getting restless over the way things are going. McCoist's lack of ability is starting to outweigh his blind loyalty and Boccanegra is being pilloried for wearing green and white boots on Saturday.

So good that, in spite of all the turmoil their two clubs have been through so far, huns have kept a firm mental hold on what's important.

[stokesmessiah]

What i found quite bizarre was Fat Sally saying he was so mortified by the result yesterday that he is going to go out and buy some more players before the window closes. Personally i was be more ashamed at myself at not being able to put out a team capable of beating p/t players.

[easty]

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

What i found quite bizarre was Fat Sally saying he was so mortified by the result yesterday that he is going to go out and buy some more players before the window closes. Personally i was be more ashamed at myself at not being able to put out a team capable of beating p/t players.

Thats what I was just thinking, just read Sally saying he wanted more players. He's a plum.

It's sort of like putting an eejit in the best F1 car to race against a group of lads on on bmx's. Then when you lose the race cos you're a fat incompetant idiot who cant get any sort of performance out of the car, you complain that it's because you need a new engine.

His tactical genius at the weekend seemed to be 'let's swap the wingers over to play on the opposite sides'. I used to do that on Champ Man 98! I didnt think real life footie management was so simple.

[stokesmessiah]

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

Thats what I was just thinking, just read Sally saying he wanted more players. He's a plum.

It's sort of like putting an eejit in the best F1 car to race against a group of lads on on bmx's. Then when you lose the race cos you're a fat incompetant idiot who cant get any sort of performance out of the car, you complain that it's because you need a new engine.

His tactical genius at the weekend seemed to be 'let's swap the wingers over to play on the opposite sides'. I used to do that on Champ Man 98! I didnt think real life footie management was so simple.

Just had a gander over on Hunmedia and there are some on their slating his tactical nous. A big complaint being made is one we have all been used to up until recently...playing players out of position. They lined up with 3 CB's and a LB (in RB slot) on Sunday.

[LeighLoyal]

The Berwick goal that Tumilty chopped off really does stink. Imagine the howling mad dog hordes if that had been at the other end, f*nian, papal conspiracy's etc... Utter Sevco sc um. I hope Sally signs more duds to go with the ones he has, seriously bad players all of them. I also hope the guys on huge money like McCulloch don't get moves. The fact they rely on a corrupt decision to get a point against a team of window cleaners tells you all you need to know about Sally and his duds.

[CallumLaidlaw]

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

Just had a gander over on Hunmedia and there are some on their slating his tactical nous. A big complaint being made is one we have all been used to up until recently...playing players out of position. They lined up with 3 CB's and a LB (in RB slot) on Sunday.

Thing is, Sevco should be able to play 10 strikers, or 10 right backs, and still win these games comfortably

[JeMeSouviens]

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

The Berwick goal that Tumilty chopped off really does stink. Imagine the howling mad dog hordes if that had been at the other end, f*nian, papal conspiracy's etc... Utter Sevco sc um. I hope Sally signs more duds to go with the ones he has, seriously bad players all of them. I also hope the guys on huge money like McCulloch don't get moves. The fact they rely on a corrupt decision to get a point against a team of window cleaners tells you all you need to know about Sally and his duds.

Shocking decision.

http://www.youtube.com/watch?v=OjCTm2niL-A

[JeMeSouviens]

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

Just had a gander over on Hunmedia and there are some on their slating his tactical nous. A big complaint being made is one we have all been used to up until recently...playing players out of position. They lined up with 3 CB's and a LB (in RB slot) on Sunday.

Don't know what they're moaning about: Ally has them right in the hunt for the play offs.

[Keith_M]

I also read the quote from Fat Sally and thought that sums up him and his club quite well. They have players at that club that earn more than the average turnover of any of those Div3 outfits but his answer to not being able to beat a bunch of part-timers is he needs more quality on the pitch, i.e. more money to spend.

Isn't that how your club's previous incarnation got into trouble in the first place? Have you learned nothing?