Generic Sevco / Rangers meltdown thread

[greenginger]

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Sometimes it takes a few days or so to get them displayed.

I see Philip Nash has now been appointed as club/company secretary. I thought he was just brought in to do a review of the business ?

[CropleyWasGod]

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I see Philip Nash has now been appointed as club/company secretary. I thought he was just brought in to do a review of the business ?

Sorry, you're right about the accounts. They are overdue.

[CropleyWasGod]

http://www.therangersstandard.co.uk/...ade-to-rangers

[GreenLake]

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http://www.therangersstandard.co.uk/...ade-to-rangers

A textbook example of throwing good money after bad

[Finbar]

You know when rangers applied to join the league as a new club. And they were supposed to have three years accounts but they didn't, so they were given a conditional membership. Well, does anyone know what the conditions were? Because whatever they were they seen to be struggling to meet them.

[Weststandwanab]

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You know when rangers applied to join the league as a new club. And they were supposed to have three years accounts but they didn't, so they were given a conditional membership. Well, does anyone know what the conditions were? Because whatever they were they seen to be struggling to meet them.

I do not know but that is a good point.

[truehibernian]

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A textbook example of throwing good money after bad

I think it's doomed to fail given he's used the word 'transparent' - The Rangers seem to struggle with that word.

[Mr White]

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You know when rangers applied to join the league as a new club. And they were supposed to have three years accounts but they didn't, so they were given a conditional membership. Well, does anyone know what the conditions were? Because whatever they were they seen to be struggling to meet them.

Pretty sure their full membership was passed quietly last year when the sfl and spl combined to become the spfl. If so I'd imagine the conditions placed in 2012 would have been removed.

[ballengeich]

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A textbook example of throwing good money after bad

Also, Laxey will have spent a significant sum on professional services to get the contract drawn up and would spend more cancelling it. Add in possible lost opportunity costs and I think they'll be looking for compensation - £150,000 might just about cover it.

[CropleyWasGod]

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You know when rangers applied to join the league as a new club. And they were supposed to have three years accounts but they didn't, so they were given a conditional membership. Well, does anyone know what the conditions were? Because whatever they were they seen to be struggling to meet them.

The "conditional membership" you mention was of the SFA, which was granted temporarily to enable them to fulfil a Scottish Cup tie. At that time, they were still in discussions with the SFA about the transfer of membership from the old company.

They now have Associate Membership of the SFA, which (IIRC) lasts three years.

They have full membership of the SPFL.

[jonty]

So. Monday came and went.
Wednesday has come and is almost over. and nowt.

disappointing but not unexpected.

[Seveno]

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The "conditional membership" you mention was of the SFA, which was granted temporarily to enable them to fulfil a Scottish Cup tie. At that time, they were still in discussions with the SFA about the transfer of membership from the old company.

They now have Associate Membership of the SFA, which (IIRC) lasts three years.

They have full membership of the SPFL.

So if they have another insolvency event, will the lose their Associate Membership of the SFA and thus be unable to continue in the SPFL?

Or will SFA happen?

[AndyM_1875]

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So. Monday came and went.
Wednesday has come and is almost over. and nowt.

disappointing but not unexpected.

It wasn't Rangers going into Administration , it was Phil. He's got the begging bowl out,
http://www.philmacgiollabhain.ie/hel...d-2/#more-4442

The line in Sellik minded hysteria & axe grinding can't be all that profitable after all.

[jonty]

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It wasn't Rangers going into Administration , it was Phil. He's got the begging bowl out,
http://www.philmacgiollabhain.ie/hel...d-2/#more-4442

The line in Sellik minded hysteria & axe grinding can't be all that profitable after all.

If his site is falling over due to the amount of hits its taking then perhaps he needs to speak to Mikey about generating revenue

[Eyrie]

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If his site is falling over due to the amount of hits its taking then perhaps he needs to speak to Mikey about generating revenue

It's very achievable if you have the right website.

In mid-2003 Rhett added Google advertisements to his web site. Five months later, when revenue from the ads were nearly equivalent to his take home pay, Rhett thought "maybe I could pursue my passion for a living."

[stoobs]

I came across this earlier on. Pretty much sums up half of this thread!

http://www.fitbathatba.com/2014/02/a...-is-awful.html

[jacomo]

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I came across this earlier on. Pretty much sums up half of this thread!

http://www.fitbathatba.com/2014/02/a...-is-awful.html

Swally is useless. You probably do need to spend that kind of money if you have him in charge.

[CropleyWasGod]

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I came across this earlier on. Pretty much sums up half of this thread!

http://www.fitbathatba.com/2014/02/a...-is-awful.html

You saying half of this thread is useless?

[HUTCHYHIBBY]

I see Davie Weir has come out and said (The) Rangers arnae getting the credit they deserve as they climb up the divisions. Are these muppets really as thick as they make themselves out to be or is it all a cunning ruse?

[Crazyhorse]

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I see Davie Weir has come out and said (The) Rangers arnae getting the credit they deserve as they climb up the divisions. Are these muppets really as thick as they make themselves out to be or is it all a cunning ruse?

Have to say I agree with him for a club less than 2 years old they really are doing quite well....

[Waxy]

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I see Davie Weir has come out and said (The) Rangers arnae getting the credit they deserve as they climb up the divisions. Are these muppets really as thick as they make themselves out to be or is it all a cunning ruse?

Suppose it's a godsend to them that they picked up the old Glasgow Rangers fans and also their old ground.These have to have helped.

[Weststandwanab]

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Suppose it's a godsend to them that they picked up the old Glasgow Rangers fans and also their old ground.These have to have helped.

The former.

[Billy Whizz]

Will this championship win not cost the club a lot of money on bonuses?

[Eyrie]

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I see Davie Weir has come out and said (The) Rangers arnae getting the credit they deserve as they climb up the divisions. Are these muppets really as thick as they make themselves out to be or is it all a cunning ruse?

Given the rate that they're burning through money to beat part-time players, Sevco Huns will soon need all the credit they can get from Laxey just to avoid another administration.

[greenginger]

I see The Rangers accounts are now 2 weeks overdue, how long before the Petition to Strike-Off notice.


Also, the Group Accounts have been published, you would think the football club figures must have been produced and included in those accounts so why not publish them ?

[CropleyWasGod]

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I see The Rangers accounts are now 2 weeks overdue, how long before the Petition to Strike-Off notice.


Also, the Group Accounts have been published, you would think the football club figures must have been produced and included in those accounts so why not publish them ?

IIRC, these are the first accounts for the football club, so Companies House will probably go easy on them. Unless the officer dealing with the case is a Sellik man

Before striking a company off the register, the registrar is required to write two formal letters and send notice to the company's registered office to inquire whether it is still carrying on business or in operation. If he is satisfied that it is not, he will publish a notice in the relevant Gazette stating his intention to strike the company off the register unless he is shown reason not to do so.

A copy of the notice will be placed on the company's public record. If the registrar sees no reason to do otherwise, he will strike off the company not less than three months after the date of the notice. The company will be dissolved on publication of a further notice stating this in the relevant Gazette

As for the Group accounts, I agree. It's obviously a tactical ploy not to publish the Club accounts, lest a shecht-storm blows up.

[ScottB]

Can't wait for them to go into administration, get hit with a points total that will restart the title race, but have all the sevconians claim they are still the champions.

Because that's how their logic works, right?

[CropleyWasGod]

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Can't wait for them to go into administration, get hit with a points total that will restart the title race, but have all the sevconians claim they are still the champions.

Because that's how their logic works, right?

That would be nice, but I can't see it happening. The earliest would be the sooner of them getting an unassailable 25 point lead, or the end of the season.

If it does happen, I could see it being controlled to the extent that they come out before the start of next season.

However, that's the kind of scenario that Craig Whyte envisaged.

[green glory]

This thread needs a bump.



image-1609092018.jpg

[GreenLake]

Looks like Sally wants to sign Shaun Hutchinson which is no big surprise really considering he is a dirty **** and well suited to the hun style of playing. THE rangers don't have much in the kitty so maybe it won't happen.

http://www.bbc.com/sport/0/football/26665827