Generic Sevco / Rangers meltdown thread

[GreenLake]

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The current twitter hashtag for Germany v Scotland tonight is abbreviated to GERSCO which strikes me as the perfect name for a newly liquidated The Rangers. Perfect combination of Rangers, Sevco and Huns.

Better to leave out the G and call them ERSCO.

[Bostonhibby]

Derangers? a gathering of their fans could be known as deranged.

[AndyM_1875]

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You can bet your arse they'll argue for minus 15 though

Oh I'm sure they will but it won't matter. They made such a song and dance about how they are the same club that the League will say 'OK, you're the same club. Minus 25.'

It's Admin 2 and if it happened today they'd be bottom of the Championship on -16

[southern hibby]

Now I'm hoping for Liquidation for the newest team I'n Scotland. Really do hope they end up I'n the bottom tier like last time. Now that would make me smile.

GGTTH

[GreenLake]

If they recover from a second administration, what will be the punishment for a third administration? Permanent exclusion?

[jacomo]

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Now I'm hoping for Liquidation for the newest team I'n Scotland. Really do hope they end up I'n the bottom tier like last time. Now that would make me smile.

GGTTH

For the avoidance of doubt, as they are so fond of saying, Dave King will surely ride to the rescue with his £30m in the event of the club going into administration again.

I mean, won't he?

[Deansy]

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what the hell would they be called this time?? The the rangers? The club formerly known as the rangers? Maybe they could just do a prince and change their name to a symbol?

image.jpg

fc ??

[Phil D. Rolls]

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Now I'm hoping for Liquidation for the newest team I'n Scotland. Really do hope they end up I'n the bottom tier like last time. Now that would make me smile.

GGTTH

We're operating a pyramid system now, so what would the bottom tier be for them?

[Smartie]

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We're operating a pyramid system now, so what would the bottom tier be for them?

Are we?

[JeMeSouviens]

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The name of the company that is in liquidation has to be different from the one that owns the club at the moment. I'm not certain, but I think the Oldco did change its name after it went into liquidation.

The current owners did buy the crest and the club name for a fiver, so they are entitled to call themselves Rangers. That process would be repeated in the event of a similar situation.

The Old Huns (SC004276) is now called RFC 2012 plc.

[LancashireHibby]

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Are we?

IIRC the winners of the Highland League and Lowland League will play off against each other at the end of the season to decide who faces 10th spot in League Two in a straight play off to decide if anyone is promoted/relegated.

[Smartie]

Cheers for that.

No idea how but that has managed to completely pass me by until now.

[southern hibby]

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We're operating a pyramid system now, so what would the bottom tier be for them?

Good point. Really not sure but if they go into liquidation, I can see an extra team getting promoted and whoever got liquidated taking their place I'n the bottom league.

If there is no punishment for liquidation but 15 or 25 points for administration then go straight to liquidation get debt written off and stay exactly as you are. Really can't see that happening unless the 25 points ( for servco ) and 15 points any other team who havn't been I'n admin include going into liquidation as well as administration.


GGTTH

[CropleyWasGod]

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Good point. Really not sure but if they go into liquidation, I can see an extra team getting promoted and whoever got liquidated taking their place I'n the bottom league.

If there is no punishment for liquidation but 15 or 25 points for administration then go straight to liquidation get debt written off and stay exactly as you are. Really can't see that happening unless the 25 points ( for servco ) and 15 points any other team who havn't been I'n admin include going into liquidation as well as administration.


GGTTH

Missing a few points here :)

The penalty is for an insolvency event, so not just administration.

Liquidation means the ceasing of trade. Which means that the club stops playing.

Nice :)

[southern hibby]

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Missing a few points here :)

The penalty is for an insolvency event, so not just administration.

Liquidation means the ceasing of trade. Which means that the club stops playing.

Nice :)

That's what I thought would still happen but was asked earlier why I thought they would end up I'n the bottom tier now it's a pyramid system. I was answering as I thought I had missed something about the pyramid system. Sorry if I'm confusing matters.

GGTTH

[weonlywon6-2]

One things for sure,they are on another shoogly peg,the end of this month come wage day could be interesting

[greenpaper55]

What's the bet that the establishment will see them alright ?.

[CropleyWasGod]

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What's the bet that the establishment will see them alright ?.

In what way?

They didn't do them too many favours last time, IIRC :)

[DaveSo]

Only two home league games in the whole of September and October.
One against us on 29 September which is a Monday and televised so this will hit the gate figures.
At home in mid October to Raith Rovers so not many away fans there.
So that's just two home games to generate cash for two paydays in September AND October.
Not going to add up.
What a shame.

[Billy Whizz]

http://m.bbc.co.uk/news/uk-scotland-...-west-29126451

Another twist

[jacomo]

Presumably Mike Ashley paid upfront for his merchandising deal... that money may now be gone, but Ashley won't want Rangers to go bust again because it will hurt shirt sales. With restrictions on him buying more shares, the most logical thing is for him to buy Ibrox from the club and then rent it back to them.

This would have long-term implications for Rangers but might be the only way forward. However, it might also lead to a fans boycott.

Alternatively, maybe they'll flog Murray Park?

[Off the bar]

Rangers fans looking to have Easdale removed from the board after apparently meeting with some Malaysian businessman who is wanted by interpol, sounds like a perfect fit, the only thing missing form this whole saga is a dodgy foreign owner, maybe a sign that they've run through all the domestic dodgy businessmen!

http://www.bbc.co.uk/sport/0/football/29150212

[Keith_M]

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Missing a few points here :)

The penalty is for an insolvency event, so not just administration.

Liquidation means the ceasing of trade. Which means that the club stops playing.

Nice :)

Or the club name, licence, etc is sold to a new Company, as happened in 2012, and they then negotiate with the SFA/SPFL over which league they are allowed to join.

Which is also quite nice

[CropleyWasGod]

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Or the club name, licence, etc is sold to a new Company, as happened in 2012, and they then negotiate with the SFA/SPFL over which league they are allowed to join.

Which is also quite nice

In many ways, they were lucky with the timing of the last fiasco. It enabled them to finish one season and start the next.

It would be even nicer if it all went t-up in mid-season.

[Keith_M]

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In many ways, they were lucky with the timing of the last fiasco. It enabled them to finish one season and start the next.

It would be even nicer if it all went t-up in mid-season.

That would be quite funny, yeah.

[jacomo]

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Rangers fans looking to have Easdale removed from the board after apparently meeting with some Malaysian businessman who is wanted by interpol, sounds like a perfect fit, the only thing missing form this whole saga is a dodgy foreign owner, maybe a sign that they've run through all the domestic dodgy businessmen!

http://www.bbc.co.uk/sport/0/football/29150212

Such a classy club.

[Newry Hibs]

Rangers settle over Imran Ahmad court action ....
http://www.bbc.com/news/uk-scotland-...-west-29170975

Paid 'significantly' less than Ahmad wanted.

[Keith_M]

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Rangers settle over Imran Ahmad court action ....
http://www.bbc.com/news/uk-scotland-...-west-29170975

Paid 'significantly' less than Ahmad wanted.

I wonder how much that particular Pig got from the Trough this time.

[southern hibby]

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I wonder how much that particular Pig got from the Trough this time.

Hopefully a lot, just means they've less to spend on wages.

GGTTH

[jacomo]

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Rangers settle over Imran Ahmad court action ....
http://www.bbc.com/news/uk-scotland-...-west-29170975

Paid 'significantly' less than Ahmad wanted.

Significantly more than they've got to spare though.

Who's speculating at 50%? That's £250k gone out of the £1.2m cash they've got, plus maybe a five figure sum towards legal expenses incurred so far?

It really is utterly unforgivable that they are back in a financial mess two years after forming as a new company.