Generic Sevco / Rangers meltdown thread

[ballengeich]

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

http://www.londonstockexchange.com/e...T9Z75GBGBXASQ1


Over 1.5 million shares sold today. Some people getting out before the stampede, but whose getting in

There are claims on several sites that Charles Green's share holding has dropped by 1.5 million today. Rangers changed their AIM adviser a week or two ago. The new ones must have agreed to unlock his shares earlier than the previously arranged date.

He's obviously decided which way the price is going to move. Any sign of audited accounts?

[CropleyWasGod]

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

There are claims on several sites that Charles Green's share holding has dropped by 1.5 million today. Rangers changed their AIM adviser a week or two ago. The new ones must have agreed to unlock his shares earlier than the previously arranged date.

He's obviously decided which way the price is going to move. Any sign of audited accounts?

The PLC's accounting date is the end of November, not due at Companies House until May 2014.

The Rangers Football Club Limited has an accounting date of 30 June, not due until February.

[Sylar]

Does anyone know if this is a general rule for all clubs or just for The Rangers, given their situation?

They've been told that whilst they're allowed to field trialists in the first round of the Ramsdens (tomorrow vs Albion Rovers), they won't be able to do so in the second round (assuming of course that they do, as expected, get past Albion Rovers).

The SPFL have admitted there's no logical reason for this and they can't explain why it is the case and it certainly seems a bizarre one to me.

[Sir David Gray]

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

Does anyone know if this is a general rule for all clubs or just for The Rangers, given their situation?

They've been told that whilst they're allowed to field trialists in the first round of the Ramsdens (tomorrow vs Albion Rovers), they won't be able to do so in the second round (assuming of course that they do, as expected, get past Albion Rovers).

The SPFL have admitted there's no logical reason for this and they can't explain why it is the case and it certainly seems a bizarre one to me.

It would be a competition ruling.

There's no way they could allow Sevco to field trialists and prevent other clubs from doing likewise.

[The Falcon]

This little gem was tweeted a month ago by Charlotte

http://www.twitlonger.com/show/n_1rl17m9

check the Ted Smith email and its alleged origin

[aazza91]

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

Does anyone know if this is a general rule for all clubs or just for The Rangers, given their situation?

They've been told that whilst they're allowed to field trialists in the first round of the Ramsdens (tomorrow vs Albion Rovers), they won't be able to do so in the second round (assuming of course that they do, as expected, get past Albion Rovers).

The SPFL have admitted there's no logical reason for this and they can't explain why it is the case and it certainly seems a bizarre one to me.

Its maybe to do with the first round being so early in the summer that they allow teams a few trialists as a lot of teams won't have full squads for the upcoming season whereas when the second round comes along squads will/should be almost complete.

[greenginger]

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

The PLC's accounting date is the end of November, not due at Companies House until May 2014.

The Rangers Football Club Limited has an accounting date of 30 June, not due until February.

I seem to recall that there was a rule that Rangers would have to have 3 sets of accounts before they would get a Euro License to play in Europa League.

Is this correct or just Hibs.net wishful thinking. Its just I was lying on a sunny beach in foreign climes today reading a Daily Record ( I know ). Anyway there was an article on how the Gers want to play in Europe next season by winning the Scottish Cup.

[jgl07]

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

I seem to recall that there was a rule that Rangers would have to have 3 sets of accounts before they would get a Euro License to play in Europa League.

Is this correct or just Hibs.net wishful thinking. Its just I was lying on a sunny beach in foreign climes today reading a Daily Record ( I know ). Anyway there was an article on how the Gers want to play in Europe next season by winning the Scottish Cup.

No they will not.

You need three years worth of audited accounts to be eligible for a European Licence. This is needed to comply with FFP requirements.

Sevco have yet to submit a set of accounts as far as I am aware. If the rumours about Rangers finance are correct they will struggle to meet FFP requirements.

[Keith_M]

The answer the SPFL gave about this is that they inherited this rule (from the SFL) and had no idea why it was the case. I would presume they either have at least ONE person working for them that used to work for the SFL they could ask or. failing that, someone they could call.


I loved McCoist's warped logic on the matter. He didn't think it unfair that he could play trialists in the first round but instead railed against the fact that he was trying to field a settled team and it was unfair he would have to change it in subsequent rounds. No mention of the fact that they are SUPPOSED to be the subject of a transfer embargo.

[Back Lounge]

Hi guys. I'm new on here so be nice!

Trialists are allowed in the first round of the Challenge Cup, there was 1 on the bench for Spartans yesterday.

Listening to Sportsound yesterday, they said that Hamilton were playing a trialist and that he had a shirt with 30 and "Trialist" on the back.

[Sylar]

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

Hi guys. I'm new on here so be nice!

Trialists are allowed in the first round of the Challenge Cup, there was 1 on the bench for Spartans yesterday.

Listening to Sportsound yesterday, they said that Hamilton were playing a trialist and that he had a shirt with 30 and "Trialist" on the back.

Welcome Back Lounge!

Yes, there were a few trialists being played in the competition yesterday - my query was related to how the SPFL can justify not allowing their inclusion in the next round, being that they themselves don't understand the rule.

[Sylar]

Watching Albion Rovers vs Rangers in the Ramsdens Cup just now and Rangers will absolutely piss all over the SPFL League 1 with the team they've put together over the summer.

Nicky Law looks sensational and Daly looks incredibly comfortable up front for them. Not to mention Nicky Clark, Ricky Foster, Arnold Peralta and Bilel Mohsni...

An absolute embarrassment of riches for a club with a supposed transfer embargo imposed upon them.

[SaulGoodman]

Welcome to Scottish Football.


Rotten to the core.

[semaj64]

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

Watching Albion Rovers vs Rangers in the Ramsdens Cup just now and Rangers will absolutely piss all over the SPFL League 1 with the team they've put together over the summer.

Nicky Law looks sensational and Daly looks incredibly comfortable up front for them. Not to mention Nicky Clark, Ricky Foster, Arnold Peralta and Bilel Mohsni...

An absolute embarrassment of riches for a club with a supposed transfer embargo imposed upon them.

and still spending outwith their means again!!

[Paisley Hibby]

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

No they will not.

You need three years worth of audited accounts to be eligible for a European Licence. This is needed to comply with FFP requirements.

Sevco have yet to submit a set of accounts as far as I am aware. If the rumours about Rangers finance are correct they will struggle to meet FFP requirements.

If only we had failed to submit audited accounts within the past 3 years

[Sylar]

Cheers "mergers"

[SurferRosa]

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

Watching Albion Rovers vs Rangers in the Ramsdens Cup just now and Rangers will absolutely piss all over the SPFL League 1 with the team they've put together over the summer.

Nicky Law looks sensational and Daly looks incredibly comfortable up front for them. Not to mention Nicky Clark, Ricky Foster, Arnold Peralta and Bilel Mohsni...

An absolute embarrassment of riches for a club with a supposed transfer embargo imposed upon them.

A punishment that never was a punishment...

The dates for the start and finish of the " embargo ", carefully arranged to allow SevCo to operate in both summer transfer windows, thereby ensuring their swift passage back to the top league as soon as possible. The SPFL wants its two horse race back.

Isn`t it good to know that, with one solitary exception, the same corrupt, odious individuals responsible for the entire sham are still governing our game.

[R'Albin]

Admin pricks out, Keekaboo in

[Hibs07p]

During the half time break at the Ramsdens Cup today, there was an interview with a couple of Albion Rovers guys, talking about how they were the only club in Scotland that didn't benefit from THE RANGERS demise, as they were relegated as THE RANGERS were promoted, and wouldn't benefit from the HORDES visiting their club. Then out of thin air they get a cup tie against THEM, televised, and at a ground bigger than their own to accommodate the crowds. What a coincidence that was. Only the SFA / SPFL could arrange a coincidence like that.

GGTTH

[cabbageandribs1875]

aaah it was played at livi's ground, wondered why there were so many currant buns walking around whilst en route to asds :(




att: 5,345

[Kaiser1962]

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

Watching Albion Rovers vs Rangers in the Ramsdens Cup just now and Rangers will absolutely piss all over the SPFL League 1 with the team they've put together over the summer.

Nicky Law looks sensational and Daly looks incredibly comfortable up front for them. Not to mention Nicky Clark, Ricky Foster, Arnold Peralta and Bilel Mohsni...

An absolute embarrassment of riches for a club with a supposed transfer embargo imposed upon them.

Thats just it though, they are assembling an SPL side, on better than SPL wages, to get them out of Division two. Last update I saw had them losing close to £1m a month. They have learned hee haw.

It's like buying an Aston because you have a race against your neighbours Reliant Robin, when a Focus would be more than adequate.

[CropleyWasGod]

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

No they will not.

You need three years worth of audited accounts to be eligible for a European Licence. This is needed to comply with FFP requirements.

Sevco have yet to submit a set of accounts as far as I am aware. If the rumours about Rangers finance are correct they will struggle to meet FFP requirements.

According to Article A47 here..... http://www.scottishfa.co.uk/resource...%20%282%29.pdf it's only 1 year.

However, IIRC (and I can't find anything to back it up) there is an automatic 3 year ban for any club which has been in administration or liquidation. That was what happened to Derry City.

All of that applied to qualification for this season. I know that the SFA are phasing in the UEFA FFP regs, and it's possible that next season's criteria will be tougher.

[Kaiser1962]

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

According to Article A47 here..... http://www.scottishfa.co.uk/resource...%20%282%29.pdf it's only 1 year.

However, IIRC (and I can't find anything to back it up) there is an automatic 3 year ban for any club which has been in administration or liquidation. That was what happened to Derry City.

All of that applied to qualification for this season. I know that the SFA are phasing in the UEFA FFP regs, and it's possible that next season's criteria will be tougher.

Theres something in the FFP rules about accounts but the three year rule appears to be a myth, and its actually three years association membership. According to this anyway.

http://saynotothesameclub.wordpress....-uefa-license/

Theres some interesting points about Derry City in the comments at the bottom of this page

http://saynotothesameclub.wordpress....l-association/

[CropleyWasGod]

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

Theres something in the FFP rules about accounts but the three year rule appears to be a myth, and its actually three years association membership. According to this anyway.

http://saynotothesameclub.wordpress....-uefa-license/

Theres some interesting points about Derry City in the comments at the bottom of this page

http://saynotothesameclub.wordpress....l-association/

Yeah, that's the bit I was thinking about:-

The SFA has already accepted that Rangers cannot be awarded a UEFA Club License at this point in time, on the grounds that it has not been a member of the Scottish Football Association for the requisite three consecutive years,

[jonty]

Chuckies Back

http://www.scotsman.com/sport/footba...tant-1-3027973

Rangers today announced that former club chief executive Charles Green has been appointed as a consultant.


The club say the Yorkshireman’s role will be to promote the interests of Rangers Football Club, specifically assisting with shareholder relations and advising the Company on its capital structure.

[green glory]

Great stuff. Looking forward to him making an even bigger laughing stock of them.

[ballengeich]

You've got to admire the brass neck. Paid to go away after disgracing himself as chief executive, now back as a consultant. I've never met a cheap consultant (and rarely met a competent one).

A further share issue looming as the original money evaporates?

[Bighoose]

Good article in the Herald about Chuckie's return. 33k Season Tickets sold, so Chas and Imran are looking for a payout.

http://www.heraldscotland.com/news/h...ure.1375452575


It is only two months since he stepped down as a director, having previously relinquished his role as chief executive, but already he is back at Ibrox.
The role of "consultant" seems vague, but then Green wasn't an orthodox figure anyway. The tendency is to focus on personalities, but the significant issues around Rangers are found in the bigger picture.

Green remains the club's largest individual shareholder, having held 7.8% before transferring some of his stock to Laxey Partners, in what was described as a private transaction.

It is acting as the figurehead of a larger group of shareholders by which he assumes his authority, though. Green and Imran Ahmad, the former commercial director, are believed to claim to be able to call upon the voting support of up to 51% of the club's shareholders.
Rangers had entered a period of relative boardroom calm, so today's timing is significant. More than 33,000 season tickets have been sold, so essentially this year's income has been secured.

Although Green raised £22m in the Initial Public Offering of shares last December, it is understood that less than £10m remains in the bank. Some informed sources believe the club will run out of money during this season, and will need to raise additional external funding. The only investors likely to be interested are those who want to buy or control the club outright.

What is being played out now is a tussle over the cost of buying Rangers.

The share price fell dramatically last month, when a series of fairly significant shareholdings were sold, and from a launch price of 70p, the market value is now 41.5p.
Buyers would only pay around half that, though, since the club's financial situation, and the need for further investment, has to be taken into account. Green, who cannot sell until this December, and his original investors want to maximise their price.

Disinformation is rife, which leaves Rangers supporters frustrated and anxious. They will look to the one figure they trust beyond all others for an indication of the state of their club.

Walter Smith was brought on to the board by Green and is now chairman, but how he reacts to the former chief executive's return will influence how the support acts.

While the share price might not move in line with the mood of the fans, if the support agitates, and other investors do the same, another period of turmoil awaits.

[Spike Mandela]

Graham Spiers
@GrahamSpiers
In The Herald tomorrow: SFA president Campbell Ogilvie tells me of his regret over his Rangers EBT, and the ‘sheer vitriol’ he has endured.
4:53 p.m. Fri, Aug 2


Can't wait to read this 'bleeding Heart' revising of history.

[ScottB]

An utter nonsense that The Rangers should be doing anything other than turning over a tidy profit on their journey back.

No doubt Swally will be demanding more 'trialists' to prepare his squad of internationals for the daunting campaign ahead against the part timers and never beens...