Generic Sevco / Rangers meltdown thread

[Spike Mandela]

The Football League in England act promptly with the 'fit and proper' person test on owners and directors. How will the authorities up here fudge it for Dave King?

http://www.yorkshirepost.co.uk/sport...onds-1-6517814

[CropleyWasGod]

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The Football League in England act promptly with the 'fit and proper' person test on owners and directors. How will the authorities up here fudge it for Dave King?

http://www.yorkshirepost.co.uk/sport...onds-1-6517814

Pretty sure that our test only includes officers, not owners.

[Spike Mandela]

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Pretty sure that our test only includes officers, not owners.

Of course, that would make perfect sense for the Scottish authorities. Mother Theresa and Nelson Mandela on the board but Putin, Saddam Hussein, Hitler and Vladimir Romanov as owners.

[CropleyWasGod]

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Of course, that would make perfect sense for the Scottish authorities. Mother Theresa and Nelson Mandela on the board but Putin, Saddam Hussein, Hitler and Vladimir Romanov as owners.

I'm sure this has been a discussion on here before, but I can't remember what the conclusion was. Can't see anything obvious on the SFA site, either.

[AndyM_1875]

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The Football League in England act promptly with the 'fit and proper' person test on owners and directors. How will the authorities up here fudge it for Dave King?

http://www.yorkshirepost.co.uk/sport...onds-1-6517814

King can buy the club and own it. There's nothing stopping that.

As CWG says however he may be prevented from being an officer of the club and may however not be able to be Chairman or represent the club at the SFA.

[Spike Mandela]

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King can buy the club and own it. There's nothing stopping that.

As CWG says however he may be prevented from being an officer of the club and may however not be able to be Chairman or represent the club at the SFA.

King would be unlikely to invest money in The Rangers without being able to take a place on the board I would imagine.

[ballengeich]

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King would be unlikely to invest money in The Rangers without being able to take a place on the board I would imagine.

Then there's the question of whether the existing board, who're trying to find a way of turning a loss-making business into something they can take a profit from, would want a director whose intention is to use any new capital on increasing wage costs. Only in football is that called investment.

[CropleyWasGod]

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King would be unlikely to invest money in The Rangers without being able to take a place on the board I would imagine.

He would install his own people on the Board to protect his "hard-earned" investment.

[Spike Mandela]

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He would install his own people on the Board to protect his "hard-earned" investment.

So it is that simple to get round a 'fit and proper person test' then. Begs the question-why bother having it CWG? The Scottish football authorities rules have consistently prove not 'fit and proper' for purpose in recent years.

[CropleyWasGod]

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So it is that simple to get round a 'fit and proper person test' then. Begs the question-why bother having it CWG? The Scottish football authorities rules have consistently prove not 'fit and proper' for purpose in recent years.

Oh, I'm with you on that.

There is a concept in Company Law called "shadow directors", which is what DK would be in this case. I'm not sure if the SFA rules cover them, but they should.

[jacomo]

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Oh, I'm with you on that.

There is a concept in Company Law called "shadow directors", which is what DK would be in this case. I'm not sure if the SFA rules cover them, but they should.

Vlad was never chairman of Hearts - he installed his idiot son in that role.

[Derek Dougan]

Accounts for 2013 are out if any bean counters are interested

http://announce.ft.com/Detail/?DocKe...7C77TH86CA5NV0

21.2 million in bank at end of 2012
3.5 million in bank at end of 2013

[ballengeich]

http://announce.ft.com/Detail/?DocKe...7C77TH86CA5NV0

Losses have been reduced, but there's a severe danger they'll run out of cash, especially if the season ticket trust fund idea goes ahead. You'd have thought the old club's experience with trusts would have been a warning.

Both revenue and operating expenses are higher than I'd expected, but it does indicate that they wouldn't have to reduce costs by that much to run at a profit once they're in the premier division. Whether they can get through the next twelve months is the question. The auditors aren't convinced they'll survive.

[jonty]

I was sent this link this morning.
I think someone on twitter has gone into overdrive claiming they're not the same club
http://rangers.g3dhosting.com/regula...ws_article/296

Its clear they're different companies, but not so clear when they refer to 'Rangers International Football Club plc' as 'Rangers' or the 'Company'.

Im amazed that they've pished so much money up against the wall. Talk about a sledgehammer to crack a nut.

And for any yams looking in - dream on. You'll never ever come close to that level of investment, or progress through the leagues.

[CropleyWasGod]

Revenue of £13.2m up by 38% (£9.5m for the 7 months ended 31 December 2012)

How to spin figures, lesson 1.

(this year's monthly income £1.1m. Last year's £1.4m).

That's down in my book.

[ballengeich]

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Revenue of £13.2m up by 38% (£9.5m for the 7 months ended 31 December 2012)

How to spin figures, lesson 1.

(this year's monthly income £1.1m. Last year's £1.4m).

That's down in my book.

Doesn't the £13.2m just refer to the period 1/7/13 to 31/12/13?

[CropleyWasGod]

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Doesn't the £13.2m just refer to the period 1/7/13 to 31/12/13?

F'sake, I'm succumbing to Yamanomics.

[down-the-slope]

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F'sake, I'm succumbing to Yamanomics.

Epic fail....

Still they are burning cash just to get out the 1st Div....will they run out of cash or will they have enough to get out of the championship even if they don't hit the buffers before then....

Entertaining

[green glory]

http://www.philmacgiollabhain.ie/rat...ing/#more-4499

[Spike Mandela]

Phil's obviously got wind of something..........

http://www.philmacgiollabhain.ie/pertinent-questions/

http://www.philmacgiollabhain.ie/mr-...gus-and-sevco/

[AndyM_1875]

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Phil's obviously got wind of something..........

http://www.philmacgiollabhain.ie/pertinent-questions/

http://www.philmacgiollabhain.ie/mr-...gus-and-sevco/

And why would Rangers answer any questions sent in by him?

Look I despise Rangers and the Rangers experience we non old firm fans have to endure but lets not get caught up in the Phil McGobbledygook mythologising thats beloved of the hysterical wing of the Celtc support.
He's a pretend hack and absolute axe grinding fud of a man. No stranger either to cheap sectarianism and its all about him flogging his books, t shirts whatever.
Don't get taken in.

[jacomo]

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And why would Rangers answer any questions sent in by him?

Look I despise Rangers and the Rangers experience we non old firm fans have to endure but lets not get caught up in the Phil McGobbledygook mythologising thats beloved of the hysterical wing of the Celtc support.
He's a pretend hack and absolute axe grinding fud of a man. No stranger either to cheap sectarianism and its all about him flogging his books, t shirts whatever.
Don't get taken in.

He's obviously obsessed by ra peepul so always a chance he might uncover something, but I'd always take his 'revelations' with a large pinch of salt.

Also, some of these questions could be dismissed quite easily with a stock answer without illuminating the situation any further, which suggests he isn't the brightest either.

[Spike Mandela]

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And why would Rangers answer any questions sent in by him?

Look I despise Rangers and the Rangers experience we non old firm fans have to endure but lets not get caught up in the Phil McGobbledygook mythologising thats beloved of the hysterical wing of the Celtc support.
He's a pretend hack and absolute axe grinding fud of a man. No stranger either to cheap sectarianism and its all about him flogging his books, t shirts whatever.
Don't get taken in.

Christ you've really got a bug up your ass about PMacG ain't you Andy? Has he done something to you in a previous life?

We don't get much in the sycophantic msm about the inner machinations at Sevco towers so at least he is a source of rumours which we can all read and choose to either lend credence to or ignore it and dismiss it.

People are savvy enough to spot a msm with their positive spin on all things sevco and bloggers like Phil who provide the negative insight and will talk about things the msm won't touch. Reality will no doubt be a bit of both.

No need to diss the guy every single time somebody quotes him. You might disagree with everything he says but at least he's showing an interest.

[AndyM_1875]

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Christ you've really got a bug up your ass about PMacG ain't you Andy? Has he done something to you in a previous life?

We don't get much in the sycophantic msm about the inner machinations at Sevco towers so at least he is a source of rumours which we can all read and choose to either lend credence to or ignore it and dismiss it.

People are savvy enough to spot a msm with their positive spin on all things sevco and bloggers like Phil who provide the negative insight and will talk about things the msm won't touch. Reality will no doubt be a bit of both.

No need to diss the guy every single time somebody quotes him. You might disagree with everything he says but at least he's showing an interest.

His agenda bull**** offends me Spike. It's all about him selling his books, t shirts etc.
I used to be interested in his opinions as I genuinely thought he had something to say but then the mask slipped and you were left with just another Old Firm Sectarian numptie peddling crap.
With him you have to think the way he does or your one of them. Well I'm too long in the tooth and way too cynical to give a toss about that sort of simpleton logic.


Anyway WELL DONE RAITH ROVERS!!!

[Phil D. Rolls]

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And why would Rangers answer any questions sent in by him?

Look I despise Rangers and the Rangers experience we non old firm fans have to endure but lets not get caught up in the Phil McGobbledygook mythologising thats beloved of the hysterical wing of the Celtc support.
He's a pretend hack and absolute axe grinding fud of a man. No stranger either to cheap sectarianism and its all about him flogging his books, t shirts whatever.
Don't get taken in.

Hes a sanctimonious **** stirring prick that can dish it out (deservedly) but can't take it back. Both sides are as bad as each other.

[grunt]

Took me ages to find this thread!

Alasdair Lamont ‏@BBCAlLamont 8m

Dave King saying today Rangers board review won't be published until after season ticket renewal period and now urging fans not to renew.

DK adds that David Somers has told him board's intention was always to publish review after ST renewal period

DK: due to this extreme act of bad faith I believe that it is vital that fans now withhold season ticket money from this board

Goes on to say details of trust scheme for ST money will soon be available. He and Richard Gough to be the trustees. More soon across BBC.

[Dashing Bob S]

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Took me ages to find this thread!

The whole thing smacks of a desperate attempt to Hearts liquidation out of the news.

[jacomo]

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Took me ages to find this thread!

Is Dave King trying to force The Rangers into administration? Because diverting season ticket cash away from the club in this way would seem to be a good way of achieving that.

[Springbank]

Nature abhors a vacuum and when it comes to the realistic outcome of matters at rangers and hearts then I'd say the MSM have engineered a vacuum.

It's pitiful and it's painful and it leaves a gap that Phil etc rush in to fill.

I dont mind the fellow in his online ramblings, and he sometimes strikes gold, even though I couldn't imagine spending more than 30 seconds in his company

[Seveno]

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Is Dave King trying to force The Rangers into administration? Because diverting season ticket cash away from the club in this way would seem to be a good way of achieving that.

I suspect me might be trying to do just that so that he can buy the club on the cheap without lining the pockets of the current set of share holders.