Generic Sevco / Rangers meltdown thread

[JeMeSouviens]

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Rangers are still Scotland's most successful club, but they closed down in 2012 and the club with no i will no doubt overtake them in due course.

In the same way that a country that gets 1 gold appears above a country with 2 silvers in the olympic medal table, I would say Celtc's European Cup makes them Scotland's most successful.

[Jack Hackett]

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In the same way that a country that gets 1 gold appears above a country with 2 silvers in the olympic medal table, I would say Celtc's European Cup makes them Scotland's most successful.

Beats a Cup Winners Cup every time

[lapsedhibee]

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In the same way that a country that gets 1 gold appears above a country with 2 silvers in the olympic medal table, I would say Celtc's European Cup makes them Scotland's most successful.

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Beats a Cup Winners Cup every time

This again.

It's long established that the ranking is:

3rd best: Cup Winners Cup
2nd best: European Cup
1st best: World War

[Moulin Yarns]

(un)Civil war seems to be breaking out down Hunbox way

http://www.bbc.co.uk/sport/0/football/23690980

http://www.scotsman.com/sport/footba...3-4m-1-3043155

http://www.scotsman.com/sport/footba...hmad-1-3043791

Comedy should be on the Fringe

[Dunderhall]

Article from Celtic quick news so make of it what you will.

Sale and leaseback, Ibrox, Murray Park, Albion Car Park

According to the Heads’ the buyer will pay £7.285m for all three properties and, in addition, will provide a loan to the tenant of £6.9m at an interest rate of 15% p.a.
Rent will be reviewed every five years, on an upwards only basis, either at RPI or 2%, whichever is greater. RPI is currently 3.3%
Say Goodbye to Murray Park

The tenant “will take a lease for the stadium and the car park on a 20 year lease at an initial rent of £1.8, per annum”. Murray Park is offski, gone, no longer available to Rangers International, or any of its successor clubs.
Interest on the loan works out at £985.5k per annum, so rent plus interest would be £2.835m p.a.
Top line figure for both sale and loan is £13.835m, however, the first three years rent (£5.4m) will be held back as no one is prepared to guarantee the rent, so actual cash into the business will be £8.435m.

Murray Park planning permission
If the new owner of the properties attains planning permission for residential properties at Murray Park within three years of the deal being signed, a provision releases the seller from having to repay the outstanding portion of the loan. If planning permission is achieved after three years, no element of the loan is forgiven.

Securitisation
“Rents will be guaranteed from ticket receipts and a first charge on the season tickets income will be granted.”
The tenant has the option to buy-back the stadium (only). If the stadium is bought-back in year one the cost will be £10m. Thereafter the purchase price will increase by 12% p.a. until year 10. After year 10 the right to buy-back the stadium will be at “Market Value but no less than £20m”.
Should they buy-back the stadium, the lease will remain in place for Albion Car Park at a rate of £250k p.a. (subject to same rent review arrangements).

[CropleyWasGod]

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Article from Celtic quick news so make of it what you will.

If it is true, it does lend weight to the valuation put on the properties when Sevco bought them.

15% interest on the loan? Is it with Wonga?

There is one ambiguity in what you quoted....

"No-one is prepared to guarantee the rent". However “Rents will be guaranteed from ticket receipts and a first charge on the season tickets income will be granted.”

[Hibernia&Alba]

Charles Green now leaving again, two weeks after re-joining. What a circus

In, out, in, out. The Chic hokey-cokey.

[YehButNoBut]

Noticed that Rangers will face Queen of the South away in the 3rd Round of the Ramsdens Cup if they beat Berwick Rangers on Tuesday night in Round 2.

That's a tough draw for them, after being told that he has to win a cup this season it's going to be tough for Ally to even win the Ramsdens Cup.

[doddsy]

Just read a thread on knuckle scrapers website that the rumours are that Rangers are about to re-enter administration.

The neanderthal jambos were mostly writing they couldmt wait and somehow taking a moral highground as if their own club were'nt

bumping charities and buisnesses for 29 squillion quid. BRASSNECKED OR WHAT?

[neilmartinrocks]

As far as I'm concerned third Lanark can mock the rangers plc fc .com or whatever they call themselves.

[Keith_M]

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Just read a thread on knuckle scrapers website that the rumours are that Rangers are about to re-enter administration.

The neanderthal jambos were mostly writing they couldmt wait and somehow taking a moral highground as if their own club were'nt

bumping charities and buisnesses for 29 squillion quid. BRASSNECKED OR WHAT?

If it gives them a little light relief from their own situation, why not. They'll be down the tubes soon enough themselves

[Hibernia&Alba]

You'd think they'd be more respectful of their heroes. Rangers are the big brother Hearts always wanted to grow up to be. They even copied Rangers' financial collapse.

[grunt]

Interesting article in the Guardian where the Scottish media gets some well deserved criticism.

http://www.thedrum.com/news/2013/08/...scottish-media

[grunt]

Media House and Jack Irvine back at Ibrox http://news.stv.tv/west-central/2372...poke-for-club/

[vincipernoi]

not sure about roy greenslade's (guardian article) credentials for the moral high ground

Robert (cough cough) maxwell

[Keith_M]

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Media House and Jack Irvine back at Ibrox http://news.stv.tv/west-central/2372...poke-for-club/

Here's The Scotsman's take on it


Sound like Jabba has taken the huff


'Jim Traynor, Rangers’ head of communications, admitted Irvine’s appointment was a surprise to him. He said: “I have not spoken to Jack Irvine and I have not had any dealings with him. As far as I’m concerned that is the way it will stay.” '

[Keith_M]

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not sure about roy greenslade's (guardian article) credentials for the moral high ground

Robert (cough cough) maxwell

Sorry but I think you mean Robert (glug glug) Maxwell

[ballengeich]

http://www.heraldscotland.com/sport/...iller.22009270

Allisbarry at Ibrox. In three pages of responses on Rangers Media there's only one which queries whether arriving at a £6 million annual deficit by treating the IPO money like annual income might mean troubles ahead.

[Keith_M]

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http://www.heraldscotland.com/sport/...iller.22009270

Allisbarry at Ibrox. In three pages of responses on Rangers Media there's only one which queries whether arriving at a £6 million annual deficit by treating the IPO money like annual income might mean troubles ahead.

Very politician like responses. He avoided giving answeres to quite a number of questions by instead making vague, meaningless replies. Mostly on Chuckie Green's return and the wages of the high earners at Ibrokes.

I hope they carry on being so careless with their money and either have to put out the begging bowl again or just go bust.

[Moulin Yarns]

Charlottefakes tweeting interesting stuff. On phone so can't post

[EuanH78]

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Charlottefakes tweeting interesting stuff. On phone so can't post

Dont know what happened but Charlotte account deleted all tweets then went off radar for a bit.

Back today and published the 5 way agreement. Also on phone or would link? Interesting stuff

[s.a.m]

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Dont know what happened but Charlotte account deleted all tweets then went off radar for a bit.

Back today and published the 5 way agreement. Also on phone or would link? Interesting stuff

http://www.scribd.com/doc/164607084/...-for-signature


Edit: I'm assuming that posting this link isn't a problem. If it is, please delete

[StevieC]

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http://www.scribd.com/doc/164607084/...-for-signature


Edit: I'm assuming that posting this link isn't a problem. If it is, please delete

I had a quick scan and doesn't seem to be any major scandal there

Looks to me like it's just the SPF/SFL/SFA basically saying that if you want into the 3rd division you need to agree to pay all your football debts, drop any court actions, waive your league sponsorship money and accept any and all punishments that we might dish out.
I didn't read it fully though, so may have missed out on something scandalous.

[jonty]

I thought Chuckie couldn't sell his shares until xmas, but he's sold them to the bus driver and he's now clear of all things Hun. (except being their biggest supporter, of course)

[ballengeich]

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I thought Chuckie couldn't sell his shares until xmas, but he's sold them to the bus driver and he's now clear of all things Hun. (except being their biggest supporter, of course)

Perhaps not. He and Stockbridge set up a company then transferred Rangers' security to it. He may be continuing to milk them in other ways for a while yet.

[Billy Whizz]

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Perhaps not. He and Stockbridge set up a company then transferred Rangers' security to it. He may be continuing to milk them in other ways for a while yet.

I wonder of he's been "silenced"
On one hand no, but when he opens his mouth!!!

[EuanH78]

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I had a quick scan and doesn't seem to be any major scandal there

Looks to me like it's just the SPF/SFL/SFA basically saying that if you want into the 3rd division you need to agree to pay all your football debts, drop any court actions, waive your league sponsorship money and accept any and all punishments that we might dish out.
I didn't read it fully though, so may have missed out on something scandalous.

Still on my phone so haven't had the chance to read it myself yet either but, mentioned on twitter by others that the reason our transfer window has closed out of sync with others is because of the rangers embargo dating agrwed in the document. Also that the then, rangers IA agreed to forego prize money for the season to be distributed among the other spl clubs. Seema fine except on second glance, that means duff & Phelps agreed to lessen the creditors pot for sevco. Other stuff I picked up but can't provide context while on phone

[cabbageandribs1875]

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Still on my phone so haven't had the chance to read it myself yet either but, mentioned on twitter by others that the reason our transfer window has closed out of sync with others is because of the rangers embargo dating agrwed in the document. Also that the then, rangers IA agreed to forego prize money for the season to be distributed among the other spl clubs. Seema fine except on second glance, that means duff & Phelps agreed to lessen the creditors pot for sevco. Other stuff I picked up but can't provide context while on phone

i read it somewhere yesterday that the cheating buns could have used some loophole to get players in(or something like that)

[CropleyWasGod]

Just catching up on the Charlotte stuff.

Does anyone know what was on the tapes? They have been deleted from Soundcloud.

This suggests a few knives are being sharpened before the next Court case:-

http://www.twitlonger.com/show/n_1rm7vd6

[EuanH78]

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Just catching up on the Charlotte stuff.

Does anyone know what was on the tapes? They have been deleted from Soundcloud.

This suggests a few knives are being sharpened before the next Court case:-

http://www.twitlonger.com/show/n_1rm7vd6

Didn't get a chance to listen but gossip suggests some of players at the sevco boardroom talking about their extra maritals/ hookers and holidays dessed up as expenses paid business trips