Generic Sevco / Rangers meltdown thread

[Thecat23]

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Ashley is keeping them afloat because it makes business sense and long term business sense to him. They're not a global brand (no Scottish side is and neither are Newcastle) but they are a big brand.
Despite all the sneering and froth that's been thrown at them Rangers still sell a shed load of replica jerseys, probably more than any other Scottish club and they put out three kits a season. Mike Ashley owns the retail rights for that. It was him who organized the Puma deal for them, three cheap template kits rushed out for quick payback.
That's a lot of £ he's already made out of them. According to the accounts Rangers Retail (Ashley) made £7.6m. The football club actually got less than a quarter of that back.

If Rangers are playing in the SPL and then get into the CL (something Newcastle, being honest, have no chance of) then that's even more revenue to him. Rangers going into Administration again would be disastrous for Ashley. He'd lose what is and will continue to be a lucrative business deal.
Keeping Rangers going will be chicken feed to him.

There is only one CL place up for grabs in Scotland, Celtic are miles and I mean miles ahead of them when it comes to wages and how much they can spend. The Rangers will not be in the CL for at least 10 years so no idea why Ashley would invest myself.

Personally myself I think they will go bust within the next 2 years!

[Just Alf]

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There is only one CL place up for grabs in Scotland, Celtic are miles and I mean miles ahead of them when it comes to wages and how much they can spend. The Rangers will not be in the CL for at least 10 years so no idea why Ashley would invest myself.

Personally myself I think they will go bust within the next 2 years!

[HUTCHYHIBBY]

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They wouldn't.

Didn't have to last time, and neither did Hearts. The decision would be the administrator's.

Its starting again Crops, its starting!

[HoboHarry]

They will have to find Craigie boy a cell in amongst Celtic supporters for his own safety lol

[jacomo]

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There is only one CL place up for grabs in Scotland, Celtic are miles and I mean miles ahead of them when it comes to wages and how much they can spend. The Rangers will not be in the CL for at least 10 years so no idea why Ashley would invest myself.

Personally myself I think they will go bust within the next 2 years!

Ashley is protecting his contracts. Even at 100k shirt sales a season that is a serious revenue stream.

[Thecat23]

That is defo a big return, but even shirt sales won't cover what he will need to put in if he wants them to be going for CL.

He's pretty much chucking money away, there must be something else behind his motives for taking an interest in The Rangers.


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[Billy Whizz]

Has Craigie boy appeared in court yet today?

[jacomo]

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That is defo a big return, but even shirt sales won't cover what he will need to put in if he wants them to be going for CL.

He's pretty much chucking money away, there must be something else behind his motives for taking an interest in The Rangers.


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You can guarantee that Ashley will not be throwing his money away. I don't know what he's up to, but he's not a sugar daddy. He does have the capacity to save The Rangers from their ineptitude, though.

[Thecat23]

Yeah there is defo something in this for him. But no idea what yet.


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[AndyM_1875]

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That is defo a big return, but even shirt sales won't cover what he will need to put in if he wants them to be going for CL.

He's pretty much chucking money away, there must be something else behind his motives for taking an interest in The Rangers.


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What he's spent on Rangers is peanuts compared with what he spent on Newcastle and the rumours are that he'd like to sell the Magpies whom he has already given £129m in Interest Free loans. He doesn't even have to buy shares in Rangers as he can do what Co-Operative bank did with Celtic (for their £33m soft loan) and secure that against Club assets and Rangers have quite a few pieces of land.

Ashley will sell Newcastle (likely 2016) but a buyer will have to come up with £250m to take the club out of his hands.

[jonty]

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Has Craigie boy appeared in court yet today?

Laura Brannan @_LauraBrannan
Craig Whyte has been granted bail after a 45 minute hearing at Glasgow Sheriff Court.

[Billy Whizz]

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Laura Brannan @_LauraBrannan
Craig Whyte has been granted bail after a 45 minute hearing at Glasgow Sheriff Court.

Thanks
Has he been charged with anything?

[ballengeich]

Ashley's making money out of the sale of replica kit. So far as I can see, all he's done to date is lend money, secured against the car park and Edmiston House, to allow the business to continue trading while his consultants work out whether the cost of sustaining The Rangers for a further period is justifed by future income from the commercial deals.

He might want to prop them up if he sees adequate future profit. However, even if he does, whatever his plan is, it has to bring some benefit to other shareholders. Despite what's been written in various places, his 9% shareholding doesn't give him absolute power over the club. If the likes of Laxey and the off-shore funds fronted by the Easedales don't like what he's proposing it needn't go ahead, even if the alternative is to shut the club down.

[greenginger]

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Ashley's making money out of the sale of replica kit. So far as I can see, all he's done to date is lend money, secured against the car park and Edmiston House, to allow the business to continue trading while his consultants work out whether the cost of sustaining The Rangers for a further period is justifed by future income from the commercial deals.

He might want to prop them up if he sees adequate future profit. However, even if he does, whatever his plan is, it has to bring some benefit to other shareholders. Despite what's been written in various places, his 9% shareholding doesn't give him absolute power over the club. If the likes of Laxey and the off-shore funds fronted by the Easedales don't like what he's proposing it needn't go ahead, even if the alternative is to shut the club down.

I thought Sports Direct own the copyright to Rangers badge so even if the football club goes pop, Third Rangers will still have to deal with Sports Direct.

Going into admin. again may cause a temporary collapse in kit sales and the loss of any chance on promotion , but if it gets rid of wage thieve players , wifi and catering contracts, it might be worthwhile.

In Ashley's eyes anyway.

[Keith_M]

In the event of an Administration, those owed money have a very large say in whether any CVA will be accepted.

Ashley's Loans could prove to be very useful as a bargaining chip if that does happen.

[ballengeich]

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Going into admin. again may cause a temporary collapse in kit sales and the loss of any chance on promotion , but if it gets rid of wage thieve players , wifi and catering contracts, it might be worthwhile.

In Ashley's eyes anyway.

I think that promotion this season is vital to the club's future. Get it and some of the lapsed ST holders will return, other income will pick up and the club might be close to breaking even. Another Championship season will lead to further crowd reductions and more massive losses.

[greenginger]

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In the event of an Administration, those owed money have a very large say in whether any CVA will be accepted.

Ashley's Loans could prove to be very useful as a bargaining chip if that does happen.

Ashley could simply take possession of the properties his loans are secured on ( car park and Edminston House ), ditch the onerous contracts and players, and continue to supply the kit etc. and lease the properties back to the club to cover the loss on his loan.

Only downside is the 25 point penalty. A 15 point penalty and they could still get a play-off place.

Over to you SPFL.

[Billy Whizz]

Hope the link works


http://m.bbc.co.uk/news/uk-scotland-...-west-30242028

[hibs0666]

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Hope the link works


http://m.bbc.co.uk/news/uk-scotland-...-west-30242028

Craigie is my new hero.

[Springbank]

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Hope the link works


http://m.bbc.co.uk/news/uk-scotland-...-west-30242028

He looks like robbie jobbie neilson there

[Springbank]

With a hint of rik mayall

[silverhibee]

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Hope the link works


http://m.bbc.co.uk/news/uk-scotland-...-west-30242028

Obviously big turn out at court by The Rangers fans, Whyte escorted out of court by police, SSN couldn't use any sound as he left court due to the abusive language being shouted at him, apart from looking like a tramp the fear on his face as he looked at the huns leaving court was priceless.

[Leithenhibby]

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Hope the link works


http://m.bbc.co.uk/news/uk-scotland-...-west-30242028

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Craigie is my new hero.

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Obviously big turn out at court by The Rangers fans, Whyte escorted out of court by police, SSN couldn't use any sound as he left court due to the abusive language being shouted at him, apart from looking like a tramp the fear on his face as he looked at the huns leaving court was priceless.

This has fairly made ma day

[silverhibee]

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This has fairly made ma day

Even worse is he has another warrant out for his arrest by the High court in London, he could be spending a long weekend in some nick down South before he appears in court on Monday.

[grunt]

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http://m.bbc.co.uk/news/uk-scotland-...-west-30242028

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Craigie is my new hero.

He seems to have lost weight. Hope he's ok.

[Billy Whizz]

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He seems to have lost weight. Hope he's ok.

I agree, and looks to have aged by about 10 years or so

[Haymaker]

How much jail time will he be looking at?

[gorgie greens]

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I agree, and looks to have aged by about 10 years or so

looks like Ian Beale when they found him homeless living in cardboard city

[HoboHarry]

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How much jail time will he be looking at?

I don't know but every day is going to be in the protection wing for his own safety lol. He will need two Celtic supporting bodyguards....

[emerald green]

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looks like Ian Beale when they found him homeless living in cardboard city

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I don't know but every day is going to be in the protection wing for his own safety lol. He will need two Celtic supporting bodyguards....

I thought when I saw his photo in the papers he had maybe been trying to change his appearance.