Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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Quitting with a juicy severance package no doubt !

One would hope....

[Weststandwanab]

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Quitting with a juicy severance package no doubt !

That will maintain nicely their record of accumulated losses ! Cropley is this rats deserting a sinking ship or making way for a new -sorry old - bean counter ?

[CropleyWasGod]

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That will maintain nicely their record of accumulated losses ! Cropley is this rats deserting a sinking ship or making way for a new -sorry old - bean counter ?

For once, I think some honour has been shown.

Mather and Stockbridge appear to have been less than professional in dealing with the attempts to have new directors appointed. It's difficult to know the whole truth, of course, but it says to me that, having been "found out", they have done the decent thing and resigned.

[ballengeich]

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For once, I think some honour has been shown.

Mather and Stockbridge appear to have been less than professional in dealing with the attempts to have new directors appointed. It's difficult to know the whole truth, of course, but it says to me that, having been "found out", they have done the decent thing and resigned.

Has Stockbridge left too? I thought it was Mather and Smart (who he?). Isn't Stockbridge Ticketus's inside man?

I agree that Mather has shown some honour. I don't think he was part of the original consortium who've been cleaning up. He's put in £1m of his own money and the CEO's salary for the time he's done the job won't have covered the money he's lost on share value. I've got the impression he's one of Green's victims.

[CropleyWasGod]

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Has Stockbridge left too? I thought it was Mather and Smart (who he?). Isn't Stockbridge Ticketus's inside man?

I agree that Mather has shown some honour. I don't think he was part of the original consortium who've been cleaning up. He's put in £1m of his own money and the CEO's salary for the time he's done the job won't have covered the money he's lost on share value. I've got the impression he's one of Green's victims.

The name Smart came up in one of the first reports I read, but I assumed that was a mistake and that it was Stockbridge. (IIRC, Paul Murray wanted Stockbridge out. )

I was wrong, obviously.

Bryan Smart was a non-exec, apparently. Probably "non-exec in charge of losing important documents."

[Deansy]

From 'Random Thoughts', Paul McCoville -

http://scotslawthoughts.wordpress.co...-from-rangers/

"There have been persistent rumors that the AIM has been looking at the corporate governance of RIFC PLC"


Again, if you've time, CWG, what's your take on this ??. Presumably (hopefully) it's really bad news for them ??

[CropleyWasGod]

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From 'Random Thoughts', Paul McCoville -

http://scotslawthoughts.wordpress.co...-from-rangers/

"There have been persistent rumors that the AIM has been looking at the corporate governance of RIFC PLC"


Again, if you've time, CWG, what's your take on this ??. Presumably (hopefully) it's really bad news for them ??

I agree with PM that that statement is probably mischief-making. However, one might say that PM is making such mischief himself The more these things are "suggested", the more likely that the AIM would get involved.

I hadn't realised that there are now just 2 directors on the Board of the Holding Company. (I get confused, though. I'm not sure if that applies to the Football Club Board as well.) That in itself should be grounds for concern, for the shareholders if no-one else. 2 is the absolute minimum required by law, but to have only 2 people in charge of a multi-million pound business, which is publicly traded, is not what one would call the best of governance.

[PatHead]

re Paul Murray the great saviour of The Rangers. Has he ever put money into the club or has he only ever taken it out?

[green glory]

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20th June, 2011 - Mysterious Fire at Wilson's Coaches in Greenock. 19th Feb 2012 - Mysterious Fire at Scott Ellis Travel in Inverclyde ----- Witness report from an unrelated bus fire (no suspicious circumstances) in Dumbarton "Coming from Greenock it's not the first bus fire I've seen - I used to work for McGill's buses () in the depot there, I just wanted to keep people away in case there was a lot of diesel on board. ----- <img src="http://www.hibs.net/attachment.php?attachmentid=11143"/> ...Gers Bus (not supplied by the Easdales) <img src="http://www.hibs.net/attachment.php?attachmentid=11144"/> ....an Easdales bus goes on fire shortly after (total coincidence)

image-4032659918.jpg

There's a song in this somewhere.

[ancient hibee]

Presume that the Easedales have not been too impressed with Mather's attempt to get King to pile in with the readies which could only be done by diluting the Easedales stock holdings.No doubt they made him an offer he couldn't refuse.

[Keith_M]

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Presume that the Easedales have not been too impressed with Mather's attempt to get King to pile in with the readies which could only be done by diluting the Easedales stock holdings.No doubt they made him an offer he couldn't refuse.

Has his Car gone on fire recently?

[ancient hibee]

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Has his Car gone on fire recently?

Don't know but I wouldn't share the airport bus with him.

[Keith_M]

Rangers ex-charman Alastair Johnston reckons that Craig Whyte is still pulling the string at (The) Rangers


Meanwhile, Craig Mather gets whole years salary of 300K, despite the fact that he 'resigned'. Snoughts in the trough once again.





EDIT: Down with the thread mergers!!!

[CropleyWasGod]

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Rangers ex-charman Alastair Johnston reckons that Craig Whyte is still pulling the string at (The) Rangers


Meanwhile, Craig Mather gets whole years salary of 300K, despite the fact that he 'resigned'. Snoughts in the trough once again.





EDIT: Down with the thread mergers!!!

And there's more

http://news.stv.tv/scotland/244013-e...-green-letter/

[steakbake]

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And there's more

http://news.stv.tv/scotland/244013-e...-green-letter/

Hemorrhaging cash - good news.

[Seveno]

I see that Craig Mather has apartner in another business venure call Guy Gisborne. Would that be the baddy from Robin Hood.

Now Robin wore green. And Green is robbin .............

Stranger than fiction or what ?


Never mind, it will be all Whyte on the night.

[Keith_M]

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And there's more

http://news.stv.tv/scotland/244013-e...-green-letter/

All hail Ahmed!

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I see that Craig Mather has [a partner] in another business [venture called] Guy Gisborne. Would that be the baddy from Robin Hood..

Yep, that's the fella.


"He steals from the Bad
and gives to the...ehm... well... just as dodgy! "

Just doesn't have the same ring to it, does it

[southsider]

He is so sad, Since old-co rangers wend bad, He's worn a frown that sudo-ibrox clown. He'll just have to learn to hesitate, to make sure his wage don't quicken up their fate, but he didn't have a single word to say, when chucky green came in and stole their club away.

[Ozyhibby]

http://news.stv.tv/west-central/2442...iry-concludes/

All clear and looking forward to next years jamboree.
So much for this not being what the modern British army was all about.

[Keith_M]

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http://news.stv.tv/west-central/2442...iry-concludes/

All clear and looking forward to next years jamboree.
So much for this not being what the modern British army was all about.

How's the SFA/SPFL enquiry into continued sectarian singing by the Sevconians going?

[Springbank]

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image-4032659918.jpg

There's a song in this somewhere.

That is genius

[ballengeich]

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If King paid £44 million just to get off the hook in South Africa it makes you wonder what he was really up to.Does anyone who is innocent really say cheerio to forty four million smackeroos?Can't see the Isdales being too keen on King after they've got themselves into top dog position.

He wasn't innocent and didn't get off the hook. A 44 million fine was the alternative sentence to years in gaol.

[Spike Mandela]

http://www.philmacgiollabhain.ie/dav...ons/#more-4072

“On 29th August 2013 at South Gauteng High Court held at Palm David Cunningham King entered a plea of guilty in the South Gauteng High Court held at Palm Ridge, on 41 counts of various contraventions of section 75 of the Income Tax Act 58 of 1962.

“The said plea is in accordance with a plea and sentence agreement in terms of section 105A (1) of the Criminal Procedure Act 51 of 1977, entered into between the accused and the National Prosecuting Authority. The High Court was satisfied that the aforesaid agreement complied with the requirements of the provisions of section 105A (1) of the Criminal Procedure Act, that the accused admitted the allegations in the above-mentioned counts and that he was guilty of the offences.

“The Court was moreover satisfied that the sentence agreement was just, whereupon the Court proceeded to convict the accused of the offences and sentenced the accused in accordance with the sentence agreement.

“In terms of the agreement, the accused was sentenced to a fine of R80, 000.00 or 24 months’ imprisonment on each of the 41 counts, being the maximum sentence provided for in the Income Tax Act read with the Adjustment of Fines Act 101 of 1991. The effective sentence, as confirmed in the agreement, is a fine of R3 280 000.00 or 984 months (82 years) imprisonment.

“The accused has, moreover, agreed to pay to the Criminal Assets Recovery Account (“CARA”) the amount of R8.75 million as contemplated in section 64(e) of Act 121 of 1998.”

For the avoidance of doubt these were criminal proceedings where Dave King pleaded guilty to criminal charges.

[Seveno]

Sounds like Mr King has the ideal qualifications to be the next Chairman of The Rangers.

[southsider]

Will the 'improper persons' regulation within Scottish football take into account King's court case in South Africa ? If so, he can't be Chairman of a lower league side.

[CropleyWasGod]

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Will the 'improper persons' regulation within Scottish football take into account King's court case in South Africa ? If so, he can't be Chairman of a lower league side.

I thought that King was Mather's man.

Now that he has gone, there are only 2 directors left. One of them, Esdale, won't be too happy at the thought of someone else being top dog.

If the "rebels" get their way, they may not want King either, although they would like his money of course. Jim McColl may be their favoured money man, although I think he said he didn't want to put any more in.

[dangermouse]

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I thought that King was Mather's man.

Now that he has gone, there are only 2 directors left. One of them, Esdale, won't be too happy at the thought of someone else being top dog.

If the "rebels" get their way, they may not want King either, although they would like his money of course. Jim McColl may be their favoured money man, although I think he said he didn't want to put any more in.

Everything will come up smelling like roses then

[CropleyWasGod]

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Everything will come up smelling like roses then

Once him and George spread ten tons of schecht on 'em.

[Keith_M]

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.... Jim McColl may be their favoured money man, although I think he said he didn't want to put any more in.

Any more? He's spent the grand total of £3.00 on shares so far.

Some money man

[CropleyWasGod]

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Any more? He's spent the grand total of £3.00 on shares so far.

Some money man

Despite what he says, it wouldn't surprise me if he puts substantial cash in once all the old guard are cleaned out.