Generic Sevco / Rangers meltdown thread

**Prof. Shaggy** · 28-05-2013 07:15 PM

And as for this...

"Sort it out Rangers, we are NOT a newco."

I think you'll find...

**green glory** · 28-05-2013 07:27 PM

And there's more good news for the slavering hordes;

@alextomo: RFC have been sent Letter Before Claim - am told it's accompanied by more than 330 pages of evidence....

@alextomo: QCs acting for CW team on no win no fee. Court action "absolutely inevitable" if no settlement am told.

Craig Whyte finally making his move.

**jabis** · 28-05-2013 07:31 PM

£3,629.63 for stationary and postage..................please tell me this was all done just before Christmas

**~~LeighLoyal~~** · 28-05-2013 07:34 PM

Originally Posted by green glory

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

And there's more good news for the slavering hordes;

@alextomo: RFC have been sent Letter Before Claim - am told it's accompanied by more than 330 pages of evidence....

@alextomo: QCs acting for CW team on no win no fee. Court action "absolutely inevitable" if no settlement am told.

Craig Whyte finally making his move.

About time. I hope those rats signing for them get burned by another admin and collapse. Superb if so.

***Caversham Green*** · 29-05-2013 07:26 AM

Originally Posted by Billy Whizz

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

Stuffing their own fans now, as well as HMRC and their suppliers? I presume the debenture holders will now be due something in the pound?
I wonder if the money debenture holders put in, was greater than Mr Green paid for the ground?

It was indeed - £7.736m.

**green glory** · 29-05-2013 08:38 AM

New blog from Alex Thomson.

http://blogs.channel4.com/alex-thoms...er-action/4906

**poolman** · 29-05-2013 11:39 AM

Bloody Hell

http://www.scotsman.com/the-scotsman...tors-1-2325870

**HFC 0-7** · 29-05-2013 01:06 PM

Originally Posted by poolman

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

Bloody Hell

http://www.scotsman.com/the-scotsman...tors-1-2325870

I thought all footballing debts had to be paid as one of the conditions for a licence? Man city and rapid Vienna are on that list.

**~~hibs0666~~** · 29-05-2013 01:07 PM

Originally Posted by green glory

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

And there's more good news for the slavering hordes;

@alextomo: RFC have been sent Letter Before Claim - am told it's accompanied by more than 330 pages of evidence....

@alextomo: QCs acting for CW team on no win no fee. Court action "absolutely inevitable" if no settlement am told.

Craig Whyte finally making his move.

Seems like Whyte is after £130K - after all his bluster this is small beer.

***CropleyWasGod*** · 29-05-2013 01:19 PM

Originally Posted by HFCDaveA

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

I thought all footballing debts had to be paid as one of the conditions for a licence? Man city and rapid Vienna are on that list.

That list is from May 2012

***Coco Bryce*** · 29-05-2013 01:58 PM

Originally Posted by poolman

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

Bloody Hell

http://www.scotsman.com/the-scotsman...tors-1-2325870

Shred-it Glasgow £444

Would have thought it was way more than that

***StevieC*** · 29-05-2013 02:52 PM

Originally Posted by hibs0666

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

Seems like Whyte is after £130K - after all his bluster this is small beer.

I was under the impression that he was also after The Rangers assets?

Wasn't he saying that it was he that brokered the deal with Duff and Phelps for the assets and that Charlieboy was just the front?

***CropleyWasGod*** · 29-05-2013 02:57 PM

Originally Posted by Billy Whizz

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

Stuffing their own fans now, as well as HMRC and their suppliers? I presume the debenture holders will now be due something in the pound?
I wonder if the money debenture holders put in, was greater than Mr Green paid for the ground?

Yup. They will join the queue of creditors in the liquidation.

However, that pot is shrinking:-

http://www.heraldscotland.com/news/h...hed.1369813836

The actual report:-

http://www.bdo.uk.com/services/advis...lc-liquidation

***Keith_M*** · 29-05-2013 03:15 PM

Originally Posted by CropleyWasGod

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

Yup. They will join the queue of creditors in the liquidation.

As the estimated amount available has been plundered yet again (this time by BDO), they're not going to get many pennies in the pound.

After the latest smash and grab, we're now down to 1.3 million.... and I don't imagine they've finished yet

EDIT: You beat me to it

***CropleyWasGod*** · 29-05-2013 03:19 PM

Originally Posted by keekaboo

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

As the estimated amount available has been plundered yet again (this time by BDO), they're not going to get many pennies in the pound.

After the latest smash and grab, we're now down to 1.3 million.... and I don't imagine they've finished yet

EDIT: You beat me to it

That's not what BDO are saying, though. They are saying it's too soon to make an estimate about dividends, as there are a number of legal cases in progress.

My concern, though, is that they will run out of funds before those cases can be concluded.

***Keith_M*** · 29-05-2013 03:26 PM

Originally Posted by CropleyWasGod

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

That's not what BDO are saying, though. They are saying it's too soon to make an estimate about dividends, as there are a number of legal cases in progress.

My concern, though, is that they will run out of funds before those cases can be concluded.

Well at 200k per month, they've got about 5 months worth of money still to plunder.

I would like to see them actually do something for that money as I've yet to see any evidence of anything useful they've done so far, except take ridiculously high fees.

***CropleyWasGod*** · 29-05-2013 03:38 PM

Originally Posted by keekaboo

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

Well at 200k per month, they've got about 5 months worth of money still to plunder.

I would like to see them actually do something for that money as I've yet to see any evidence of anything useful they've done so far, except take ridiculously high fees.

The legal actions will be progressing and we won't see any evidence of that until or unless they get to Court, or if there are any out-of-Court settlements.

***Viva_Palmeiras*** · 29-05-2013 04:34 PM

Originally Posted by poolman

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

Bloody Hellhttp://www.scotsman.com/the-scotsman...tors-1-2325870

had a double take when I saw the headline...

**The Green Goblin** · 29-05-2013 08:55 PM

Originally Posted by poolman

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

Bloody Hell

http://www.scotsman.com/the-scotsman...tors-1-2325870

A national disgrace. Shame on them and their "we're still the same club" etc. Their arrogance and lack of remorse for every person on that list affected by their actions. With a bit of luck, huns 2.0 will follow their predecessor down the gary glitter

**green glory** · 30-05-2013 02:19 PM

@STVSport: Walter Smith has been appointed as non-executive chairman of Rangers, replacing Malcolm Murray. More: http://t.co/pShFxq3FJ8

**JeMeSouviens** · 30-05-2013 02:31 PM

Originally Posted by green glory

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

@STVSport: Walter Smith has been appointed as non-executive chairman of Rangers, replacing Malcolm Murray. More: http://t.co/pShFxq3FJ8

Season tickets about to go on sale by any chance?

***WhileTheChief..*** · 05-06-2013 09:43 AM

This is the first report to creditors from BDO. Loads of reading for those interested....

http://static.bdo.uk.com/assets/docu...2_May_2013.pdf

***CropleyWasGod*** · 05-06-2013 09:48 AM

Originally Posted by WhileTheChief..

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

This is the first report to creditors from BDO. Loads of reading for those interested....

http://static.bdo.uk.com/assets/docu...2_May_2013.pdf

Yeah, it came out a couple of weeks back.

In summary, doesn't say much, other than BDO have spent a lot of creditors' money on trying to get a lot more back.