Generic Sevco / Rangers meltdown thread

[ancient hibee]

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If that's the case, Chucky is next for the felt collar.

Good use of the European Arrest Warrant.

[Badge]

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A second arrest warrant issued for he who has 'off the radar' wealth. And I was told tonight that the IPO is being torn apart next, which could cause issues with the current setup as the training facilities and ground were something to do with it?

What is the IPO?

[jonty]

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What is the IPO?

http://www.ft.com/cms/s/0/1e685aea-4...#axzz3JeAjpPML
http://www.heraldscotland.com/sport/...loses.19714169

[Badge]

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http://www.ft.com/cms/s/0/1e685aea-4...#axzz3JeAjpPML
http://www.heraldscotland.com/sport/...loses.19714169

Cheers

[ancient hibee]

What on earth did these institutions ever think they were going to get from investing in Rangers.At least Ashley knew what he was doing.

[greenginger]

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What on earth did these institutions ever think they were going to get from investing in Rangers.At least Ashley knew what he was doing.

It would'nt be the institutions themselves , but individual fund managers with Rangers leanings who would think it a good idea to take a punt on the shares and help there Club at the same time. A half million is nothing when its not your own money and can be excused as just a bad call when it all went bad.

[Cropley10]

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If that's the case, Chucky is next for the felt collar.

Charles of Normandy has apparently signed his Chateau over to his wife...

What I can never get my head round is that D&P had an irrevocable agreement to sell the assets to Sevco 5088 buy they didn't, they sold it to Sevco Scotland.

[CropleyWasGod]

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Charles of Normandy has apparently signed his Chateau over to his wife...

What I can never get my head round is that D&P had an irrevocable agreement to sell the assets to Sevco 5088 buy they didn't, they sold it to Sevco Scotland.

That's probably one of the issues that BDO have, which they referred to in their report this week.

[Keith_M]

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Charles of Normandy has apparently signed his Chateau over to his wife...

What I can never get my head round is that D&P had an irrevocable agreement to sell the assets to Sevco 5088 buy they didn't, they sold it to Sevco Scotland.

Wasn't it the case that they did sell it to Sevco 5088 but all assets were then transferred to Sevco Scotland?


Or is this just yet another aspect of the whole shenanigans that has my head in a spin?

[CropleyWasGod]

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Wasn't it the case that they did sell it to Sevco 5088 but all assets were then transferred to Sevco Scotland?


Or is this just yet another aspect of the whole shenanigans that has my head in a spin?

When I wrote my previous post, my head was spinning a bit too.

I'm pretty sure you're correct.

However, the only source I can find was this:-

“For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland Limited so that all the assets would be in the Scottish registered company that is Rangers FC.”

.. from... ahem...a representative of Philip Green.


That said, BDO will have a right to clarify the issue, as well as the price paid.

[Keith_M]

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When I wrote my previous post, my head was spinning a bit too.

I'm pretty sure you're correct.

However, the only source I can find was this:-

“For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland Limited so that all the assets would be in the Scottish registered company that is Rangers FC.”

.. from... ahem...a representative of Philip Green.


That said, BDO will have a right to clarify the issue, as well as the price paid.

Thanks.

So it's possible but still not guaranteed. Much like many other 'facts' in this case.



I can't wait for the Chucky Green arrest warrant. I presume that will have just been motivated by 'the bigots' as well

[ancient hibee]

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When I wrote my previous post, my head was spinning a bit too.

I'm pretty sure you're correct.

However, the only source I can find was this:-

“For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland Limited so that all the assets would be in the Scottish registered company that is Rangers FC.”

.. from... ahem...a representative of Philip Green.


That said, BDO will have a right to clarify the issue, as well as the price paid.

Could I suggest you change Philip to Charlie-I suspect Mr Green(monaco)has his minions searching the net for indiscretions.

[CropleyWasGod]

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Could I suggest you change Philip to Charlie-I suspect Mr Green(monaco)has his minions searching the net for indiscretions.

Ha... telt you ma heid was spinning.

[Keith_M]

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Ha... telt you ma heid was spinning.

"Philip Green sues hibs.net for slander"

"CropleyWasGod forced to sell Cropley Towers to pay court costs"

[CropleyWasGod]

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"Philip Green sues hibs.net for slander"

"CropleyWasGod forced to sell Cropley Towers to pay court costs"

All foreseen.

The house is in an EBT.

I'll TUPE myself over to a new company and start again under the name CropleyWasASlightlyLessInfallibleDeity.

HMRC can have the kids.

[Hibby70]

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All foreseen.

The house is in an EBT.

I'll TUPE myself over to a new company and start again under the name CropleyWasASlightlyLessInfallibleDeity.

HMRC can have the kids.

Can I buy security on your garden shed for a pound?

[CropleyWasGod]

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Can I buy security on your garden shed for a pound?

If you promise to cut the grass and feed the two tramps that live there. ......Craig and Charles they're called.

[blackpoolhibs]

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If you promise to cut the grass and feed the two tramps that live there. ......Craig and Charles they're called.

I thought the proclaimers had gone quiet recently.

[leither17]

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I thought the proclaimers had gone quiet recently.

a proper LOL moment there

[Jack Hackett]

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a proper LOL moment there

:yes:

Edit

No smileys on mobile is a pain...I'm old and forget things

[Deansy]

All I want to know is when will SDM's name come-up in all these rumours, gossip etc - he's the one that started the ball rolling with their 'Dodgy deals/money/taxes' etc ?

[Keith_M]

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All I want to know is when will SDM's name come-up in all these rumours, gossip etc - he's the one that started the ball rolling with their 'Dodgy deals/money/taxes' etc ?

He knows where all the bodies are buried.

[Smartie]

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All I want to know is when will SDM's name come-up in all these rumours, gossip etc - he's the one that started the ball rolling with their 'Dodgy deals/money/taxes' etc ?

I heard a wee whisper that he's biding his time, waiting in the wings to ride back in and take over.

Obviously when the price is right.....

[greenginger]

Its pretty obvious the Rangers are toiling for cash. Awaiting Ashley's next loan to allow them to pay the wages for the month.

You got to wonder what is not getting paid at the moment. In both the other Rangers and Yam admins. a huge list of creditors appeared when the insolvency people were called in.

I bet there already is a lot of pending payment /final demands on the intray.

I wish wee Black would blab about his bonuses not being paid. A 5 point penalty like Livvy would be nice.

[CropleyWasGod]

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I heard a wee whisper that he's biding his time, waiting in the wings to ride back in and take over.

Obviously when the price is right.....

I'd be surprised. The rest of his empire is crumbling.

Then again, it's been some story. ...

[Cropley10]

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I heard a wee whisper that he's biding his time, waiting in the wings to ride back in and take over.

Obviously when the price is right.....

He set up the sting, getting 'duped' and selling the wreck of the old Club to Whyte for £1...

However - there's a rumour that Craigie has lots of dirt on SDM too.

Loving it!

[CropleyWasGod]

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He set up the sting, getting 'duped' and selling the wreck of the old Club to Whyte for £1...

However - there's a rumour that Craigie has lots of dirt on SDM too.

Loving it!

he pays millions for the club, sells it for £1, and then buys it again?

No wonder the empire is crumbling. ....

[portycabbage]

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Its pretty obvious the Rangers are toiling for cash. Awaiting Ashley's next loan to allow them to pay the wages for the month.

You got to wonder what is not getting paid at the moment. In both the other Rangers and Yam admins. a huge list of creditors appeared when the insolvency people were called in.

I bet there already is a lot of pending payment /final demands on the intray.

I wish wee Black would blab about his bonuses not being paid. A 5 point penalty like Livvy would be nice.

Livi also have an SFA hearing about dual interests of club ownership (aside from the SPFL one that resulted in today's punishment)-

http://www.dailymail.co.uk/sport/foo..._campaign=1490

Although Ashley's got less than 10% shares, article 13 of the SFA Handbook seems to suggest that "any influence in management or administration" of a club counts as an "interest" in a club. Can't seem to get link to the PDF posted, but it seems broader than just shares and strict ownership of a club.

Was wondering if having a club dependent on loans, or having a guy in the boardroom, would count as an "influence in management or administration"? (The rule includes influence through an associate).

It mentions shareholdings of 3% or more, but also that "prior written consent of the board" can be given for dual interest cases. Was also wondering if this was the basis for the 10% agreement Ashley and the SFA were reported to have?

Also says in article 13 that the SFA have the power to find out who the shareholders of a club are, which seems to have be a matter for debate in the The Rangers case.

[Ronniekirk]

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Livi also have an SFA hearing about dual interests of club ownership (aside from the SPFL one that resulted in today's punishment)-

http://www.dailymail.co.uk/sport/foo..._campaign=1490

Although Ashley's got less than 10% shares, article 13 of the SFA Handbook seems to suggest that "any influence in management or administration" of a club counts as an "interest" in a club. Can't seem to get link to the PDF posted, but it seems broader than just shares and strict ownership of a club.

Was wondering if having a club dependent on loans, or having a guy in the boardroom, would count as an "influence in management or administration"? (The rule includes influence through an associate).

It mentions shareholdings of 3% or more, but also that "prior written consent of the board" can be given for dual interest cases. Was also wondering if this was the basis for the 10% agreement Ashley and the SFA were reported to have?

Also says in article 13 that the SFA have the power to find out who the shareholders of a club are, which seems to have be a matter for debate in the The Rangers case.

I don't think there is the appetite at SFA to go digging and get there hands dirty again Seems to me that it's turn a blind eye and get them back up as soon as .
The whole saga now has been dragging on for so long that we have become immune to all there skullduggery So much for Transparency and sound financial governance . they are a Shambles of a Club and there must be more twists and turns to come .They seem prepared to do anything rather than sell a player This Transfer Window will be interesting to see what they do or don't do

[greenginger]

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I don't think there is the appetite at SFA to go digging and get there hands dirty again Seems to me that it's turn a blind eye and get them back up as soon as .
The whole saga now has been dragging on for so long that we have become immune to all there skullduggery So much for Transparency and sound financial governance . they are a Shambles of a Club and there must be more twists and turns to come .They seem prepared to do anything rather than sell a player This Transfer Window will be interesting to see what they do or don't do

The Weegie press are bumming-up Lewis Mcleod for the English Premership this morning.