Generic Sevco / Rangers meltdown thread

***greenlex*** · 11-04-2013 01:34 AM

Strong rumour in the Weege that a second administration is on the cards.

***marinello59*** · 11-04-2013 06:38 AM

Originally Posted by greenlex

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Strong rumour in the Weege that a second administration is on the cards.

That would be superb. Aren't they cash rich after the share issue though?

***StevieC*** · 11-04-2013 07:22 AM

Originally Posted by marinello59

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That would be superb. Aren't they cash rich after the share issue though?

Charles Green is cash rich after the share issue.

Maybe he's had enough of STV interviews and decided to take the money and run?

***marinello59*** · 11-04-2013 07:28 AM

Originally Posted by StevieC

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Charles Green is cash rich after the share issue.

Maybe he's had enough of STV interviews and decided to take the money and run?

In a yellow three wheeler van.

***greenginger*** · 11-04-2013 07:34 AM

Originally Posted by StevieC

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Charles Green is cash rich after the share issue.

Maybe he's had enough of STV interviews and decided to take the money and run?

There was some kind of lock-in of the shares the Directors etc. got for 1 penny each. I don't think they can sell them until next December.

who Knows what they will be worth then ? A penny may'be.

***CropleyWasGod*** · 11-04-2013 09:04 AM

Originally Posted by greenlex

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Strong rumour in the Weege that a second administration is on the cards.

I would doubt it, TBH. The share issue should keep them going for a while. (Editor's Note:- this is based on the assumption that no lies have been told about the amount raised

)

That said, I am less sure about the coming season. The fact that there are obviously cost-cutting measures being taken says that CG has looked at the budget and gone "ouch".

**Andy74** · 11-04-2013 09:07 AM

Originally Posted by greenlex

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Strong rumour in the Weege that a second administration is on the cards.

Oh that's a shame.

**ballengeich** · 11-04-2013 10:27 AM

Like CWG I reckon the share issue will keep them going for a while. The amount of money quoted in the interim accounts as being in the bank is sufficiently close to the amount raised to indicate that the timing of the issue was to stop them running out of cash by now.

There are rumours on another site that Cenkos who administered the issue are having hassle from the institutional investors. Awkward subjects like dividends, future share price and a CEO alleged to have made racist comments are likely to have featured. Perhaps these investors will want a change in company policies and maybe even senior personnel.

**~~Speedway~~** · 11-04-2013 12:16 PM

Does anyone else find it ironic/curious that the downfall of the bluenoses is being orchestrated by 'Green & Whyte'?

**Onion** · 11-04-2013 12:28 PM

Originally Posted by greenlex

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Strong rumour in the Weege that a second administration is on the cards.

Docked points, more sanctions, no promotion.... all sounds good, all sound good

**Lang Toun Hibs** · 11-04-2013 12:31 PM

Originally Posted by Speedway

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Does anyone else find it ironic/curious that the downfall of the bluenoses is being orchestrated by 'Green & Whyte'?

Get that chap from West Ham involved and the majority of 'football' fans from the west of Scotland would self combust!

***greenginger*** · 12-04-2013 05:20 PM

http://sport.stv.tv/football/221247-...to-sevco-5088/

Even more serious do do for Chuckie. He appointed Whyte as a director of Sevco 5088, as you would do to a guy you had never met before !

**Baldy** · 12-04-2013 05:23 PM

Originally Posted by Dunning Hibs

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Get that chap from West Ham involved and the majority of 'football' fans from the west of Scotland would self combust!

no need for him, it was Lex Gold who helped force them to where they are ..

Green, Whyte and Gold ruined Rangers .. you couldn't make it up

***Jack Hackett*** · 12-04-2013 05:42 PM

Originally Posted by greenginger

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http://sport.stv.tv/football/221247-...to-sevco-5088/

Even more serious do do for Chuckie. He appointed Whyte as a director of Sevco 5088, as you would do to a guy you had never met before !

This is going to be as entertaining a summer as last years

**green glory** · 12-04-2013 06:15 PM

I can't vouch for the following, but if true. Blinking Flip!

@timomouse: As for grapevine rumours, before trading opens on Monday, Rangers shares will be suspended and an announcement made to AIM

@timomouse: This will be regarding an MVL in which shares will pass immediately to a consortium headed by Walter Smith for a new newco.

@timomouse: However, they will not have deeds to Ibrox and Murray Park. The rest of season will be 3-0 defeats with newco starting in Paisley in SFL2

@timomouse: The Rangers Football Club Est 2012 will play their last ever game at Ibrox tomorrow.

**adhibs** · 12-04-2013 06:45 PM

Originally Posted by green glory

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I can't vouch for the following, but if true. Blinking Flip!

@timomouse: As for grapevine rumours, before trading opens on Monday, Rangers shares will be suspended and an announcement made to AIM

@timomouse: This will be regarding an MVL in which shares will pass immediately to a consortium headed by Walter Smith for a new newco.

@timomouse: However, they will not have deeds to Ibrox and Murray Park. The rest of season will be 3-0 defeats with newco starting in Paisley in SFL2

@timomouse: The Rangers Football Club Est 2012 will play their last ever game at Ibrox tomorrow.

Hope this is true

***CropleyWasGod*** · 12-04-2013 06:46 PM

Originally Posted by green glory

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I can't vouch for the following, but if true. Blinking Flip!

@timomouse: As for grapevine rumours, before trading opens on Monday, Rangers shares will be suspended and an announcement made to AIM

@timomouse: This will be regarding an MVL in which shares will pass immediately to a consortium headed by Walter Smith for a new newco.

@timomouse: However, they will not have deeds to Ibrox and Murray Park. The rest of season will be 3-0 defeats with newco starting in Paisley in SFL2

@timomouse: The Rangers Football Club Est 2012 will play their last ever game at Ibrox tomorrow.

Picking holes in that:-

If it's an MVL, I would've thought a liquidator would have to be appointed before the shares can go anywhere.

If TRFC owns the properties, (big IF I know), then buying the shares would buy them as well.

**Mr White** · 12-04-2013 06:52 PM

Seems a bit too conveniently good to be true in an agentScotland kind of way.

***Jack Hackett*** · 12-04-2013 07:13 PM

The shares took a big knock today, finishing at 65.50p. Interesting that somebody bought 20k of them at the end of trading

http://www.lse.co.uk/ShareTrades.asp...re=rangers_int

**Treadstone** · 12-04-2013 07:14 PM

Jabba has been magnificent. Fire rages at start of week, leave it , bigger fire rages leave that as well. I feel a resignation and a blaming of others in the offing.

***Kato*** · 12-04-2013 07:16 PM

Originally Posted by Baldy

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Green, Whyte and Gold ruined Rangers ..

Three cheers!!

**~~LeighLoyal~~** · 12-04-2013 07:34 PM

Their greatest pain is still to come and I'm loving it!

**green glory** · 12-04-2013 07:36 PM

There's a board meeting at Ibroke before the Clyde game tomorrow. I would love to be a fly on the wall there.

**ScottB** · 12-04-2013 08:08 PM

Originally Posted by green glory

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There's a board meeting at Ibroke before the Clyde game tomorrow. I would love to be a fly on the wall there.

It's amazing that they've moved so quickly, their fans have been hurling such abuse from the stands for decades and I don't think they've had such a meeting yet

**green glory** · 12-04-2013 08:28 PM

Could this be the 'vinegar strokes'?

***Spike Mandela*** · 12-04-2013 08:39 PM

Originally Posted by green glory

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Could this be the 'vinegar strokes'?

I've lived a sheltered life I'm afraid, I had to look that phrase up.

***Jack Hackett*** · 12-04-2013 09:56 PM

Originally Posted by Spike Mandela

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I've lived a sheltered life I'm afraid, I had to look that phrase up.

You are not alone

**HUTCHYHIBBY** · 12-04-2013 10:17 PM

Originally Posted by Jack Hackett

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You are not alone

I usually am when they appear!

***Hibby70*** · 12-04-2013 10:43 PM

Originally Posted by HUTCHYHIBBY

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I usually am when they appear!

No you're not, God is watching.

**HUTCHYHIBBY** · 12-04-2013 11:04 PM

That must be where the song "we shall overcome" originates from! :-o

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Thread: Generic Sevco / Rangers meltdown thread

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