Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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Do you think that the recent claims by CW, that CG was a front man for CW's purchase, make it more likely to pursue the idea that items were sold "on the cheap"?

I don't think it will make such a move more, or less, likely. One of BDO's jobs is to review the conduct of the administration, and the asset sale is of course a big part of that.

However, it may change the focus, and add another few questiosn to the long list that D&P will be asked. "Um... to whom did you sell the assets? Um..... are you sure?"

[down-the-slope]

http://www.bbc.co.uk/sport/0/football/22231324

Beeb sticking the boot in to Chuckie with a few of his 'classic' quotes.....

[Spike Mandela]

Why is the BBC letting Paul Murray use Sportsound as his mouthpiece tonight? What is his relevance to anything in Scottish football now?

[LeighLoyal]

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Why is the BBC letting Paul Murray use Sportsound as his mouthpiece tonight? What is his relevance to anything in Scottish football now?

Deluded hun night on BBC. Jabba still in charge An equally annoying tim now on spouting pish about missing the hun.

[Keith_M]

Maybe it's just me, and I know it's an overblown description (as usual), but the headline put a smile on my Face


Ibrox Civil War



Apologies in advance for directing to you the DR

[Seveno]

Extremely enjoyable reading, even if it is the DR.

[lapsedhibee]

"The soul of Rangers" as if that's something worthwhile, precious even.

[Just Alf]

Rangers Confirm Sevco 5088 Is Subsidiary of Rangers PLC so basically old Craigie boy was definitely closely involved!

http://scotslawthoughts.wordpress.co...without-delay/

[neilmartinrocks]

heres hoping it's a short but vicious war with no survivors one either side then. And for guid measure.

[Just Alf]

also liked this wee list in the comments

Octopus control just over 30% ….. always have done
Octopus Investments are the parent company of Ticketus
Octopus are investors in the Zeus Capital
Zeus Capital provided ‘The Loan’ through Sevco 5088 to purchase the assets
Of the original £8.7m Loan, £200K was for the exclusivity rights
Of the original £8.7m Loan, £3m was D&P costs
£8.7m – £200K – £3m = £5,5m = costs of assets
Original down payment was £137.5K x 4 = £550K = 10%
CG originally asked CW for £500K ish, received £137.5K

not sure what that all adds up to but if correct it sounds painful

[surreyhibbie]

"A Scottish businessman of impeccable standing".... STF maybe?

That would be too funny....

[hibs0666]

Oh what a tangled web we weave,
When first we practise to deceive!

That's yer kultyur for the day ya bunch of dafties.

[Alex Trager]

You have to look at the reasons why they are after the Huns being in the SPL or SPL 2? Has anyone on here ever considered how bent the league is? They are after the rangers money for the TV deal. Peter lawell at the top of the whole thing is of the understanding if rangers aren't in the TV deal the SPL gets what? Half the money? Green told him or Doncaster they would not sell the TV deal again, after this season and the SPL are panicking. Big time. The league is so corrupt it is untrue.

[Alex Trager]

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This is all part of the plan I'm afraid. The plan that was to allow rangers to shed their debt and remain a football club. Green has played his part in the orchestrated charade and will now get his payday. This was Minty's plan from the start and so far the only thing that has not gone according to plan has been SPL fans revolting and forcing their clubs to not allow the phoenix straight into the SPL.

next move will be to appoint a "real" Rangers man CEO (Sir Walter D'ebt that towering figure of business acumen), rake in the season ticket money and then taker their place in SPL2 or whatever re-org scheme ogilvie and co will cook up to benefit them.

Once again, only fan power will possibly stop that scheme.

Sorry my previous post was supposed to be under this quote

[jacomo]

It’s not just the club’s fans who must be able to trust the men in charge but also the football authorities, who may feel as if they have been misled once too often over the last two years.

There is a danger that anything less will reek of a cover-up and, at this particular stage, that’s the last thing Rangers need to stand accused of.

Which is why Smith and Murray have lined up a Scottish businessman of impeccable standing to carry out this work. It is the Record’s understanding they want him in position by the middle of this week with carte blanche to carry out whatever inquiries he sees fit.

Ah yes, Smith and Murray. Those two figures of impeccable standing themselves, who profited hugely from the tax avoidance regime of SDM and made misleading claims in public throughout this whole fiasco.

[jacomo]

Oh, and can't wait for Jim Traynor's next move - perhaps he'll resign in protest from his Rangers job, saying he always doubted Charles Green... in fact, it was him who exclusively revealed he was dodgy in the first place!

[McSwanky]

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Ah yes, Smith and Murray. Those two figures of impeccable standing themselves, who profited hugely from the tax avoidance regime of SDM and made misleading claims in public throughout this whole fiasco.

Murray wasn't involved with the old Rangers was he?

[StevieC]

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Green told him or Doncaster they would not sell the TV deal again, after this season and the SPL are panicking.

Is it Green/TRFC that sells? I thought the deal had to be struck with the SFL, and it's contractual that clubs adhere to whatever TV deal the league secures? I could be wrong though.

[jacomo]

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Murray wasn't involved with the old Rangers was he?

Sorry maybe I am getting confused. This soap opera has too many characters and none of them are good guys!

[Jim44]

Where is The Rangers PR guru, Jim Traynor, these days? He is conspicuous by his absence and silence. You'ld have thought that the present state of the 'circus' would have offered a perfect sounding off platform for the great man.

[GordonHFC]

Is this the soap opera where David Murray creaks out of the shower after a couple of years absence and its all been a dream and he is still in charge or am I getting mixed up with him in the wizard of oz?

[JeMeSouviens]

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You have to look at the reasons why they are after the Huns being in the SPL or SPL 2? Has anyone on here ever considered how bent the league is? They are after the rangers money for the TV deal. Peter lawell at the top of the whole thing is of the understanding if rangers aren't in the TV deal the SPL gets what? Half the money? Green told him or Doncaster they would not sell the TV deal again, after this season and the SPL are panicking. Big time. The league is so corrupt it is untrue.

The TV deal was only signed last season and is for 5 years. The NewHuns don't sell their own rights, they belong to the SFL and are already signed away. There is no chance of an accelerated promotion for NewHuns, it would need an 11-1 in the SPL and there are several clubs (including us) where the fans would just not wear it.

[JeMeSouviens]

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Where is The Rangers PR guru, Jim Traynor, these days? He is conspicuous by his absence and silence. You'ld have thought that the present state of the 'circus' would have offered a perfect sounding off platform for the great man.

I think you can take it from the tone of his underling Jackson's articles in the Record that Jabba has taken the anti-Green side in the civil war. He'll be oozing back out from under his rock when the regime has sorted itself out and is ready to drive next season's ST propaganda.

[Just Alf]

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Where is The Rangers PR guru, Jim Traynor, these days? He is conspicuous by his absence and silence. You'ld have thought that the present state of the 'circus' would have offered a perfect sounding off platform for the great man.

he's probably off somewhere trying to get a new job!

[LeighLoyal]

Quite damning that The Rangers International Ltd are now attempting to claim Sevco 5088 as a subsidiary, this is the Sevco 5088 with Craig Whyte as a director with Chookles Green - tantamount to an admission that they were colluding during the asset purchase. The playing license was granted on the basis Sevco - the entity purchasing deadco assets - had no links to Whyte, it's in black and white just as it's in black and white that Duff and Phelps had a signed tie in with Sevco 5088. No doubt the sfa will try and sweep this under the carpet but the courts will not.

[Alex Trager]

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The TV deal was only signed last season and is for 5 years. The NewHuns don't sell their own rights, they belong to the SFL and are already signed away. There is no chance of an accelerated promotion for NewHuns, it would need an 11-1 in the SPL and there are several clubs (including us) where the fans would just not wear it.

Ah interesting. I'll take it to the Hun and see his response. I was under the impression the SPL bought the TV rights for one year and chuck green said they wouldn't sell them again this year. Therefore they desperately wanted reconstruction. So they could become one body and the SPL would once again have the rights.
By the way hibs were on board with the disaster of reconstruction

[Hibby70]

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Is this the soap opera where David Murray creaks out of the shower after a couple of years absence and its all been a dream and he is still in charge or am I getting mixed up with him in the wizard of oz?

They all certainly sport the Patrick Duffy webbed feet look anyway.

[Alex Trager]

Rangers can get their own tv deal if they wanted to, since SFL don't have a tv deal next season, sky would be interested in their games just like they were last season, or SFL can bring rangers to the table and together SFL and rangers will negotiate a tv deal.

[sleeping giant]

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They all certainly sport the Patrick Duffy webbed feet look anyway.

No be many folk knowing what you are on about

Loved that show

[Purple & Green]

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Maybe it's just me, and I know it's an overblown description (as usual), but the headline put a smile on my Face


Ibrox Civil War



Apologies in advance for directing to you the DR

A whodunnit... Oh I like those....


So. Who wrote the article, Keith Jackshun or Jabba the Hun.

I reckon Jabba - there's no way Jackshun would have used those words without clearing it with Jabba first.