Generic Sevco / Rangers meltdown thread

[hibees 7062]

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Butcher?

Fav for the job

[Moulin Yarns]

Ther might be a bit of a cashflow problem down Govan way

http://www.bbc.co.uk/sport/0/football/30510604



Let's see if they still claim to be the same football club with the same history now.

[Peevemor]

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Ther might be a bit of a cashflow problem down Govan way

http://www.bbc.co.uk/sport/0/football/30510604



Let's see if they still claim to be the same football club with the same history now.

So their not the same entity, unless you're speaking about development fees for young players thati is? I wish they'd make up their minds.

[Brunswickbill]

On STV last night a lot of talk about how it would be immoral for Sally to take his wage and do nothing for it. But I can't recall any such criticisism of Butcher for doing the very same thing. Talk about double standards.

[Moulin Yarns]

It just gets worse for them, or better for us.

http://www.edinburghnews.scotsman.co...-win-1-3636514

[MrSmith]

Loved this comment:

Rangers say they will appeal against the SPFL decision "vigorously".
They argue that the company in breach of the rules has since been liquidated.

Quite clear is the contradictory nature of it!

[Ozyhibby]

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Ther might be a bit of a cashflow problem down Govan way

http://www.bbc.co.uk/sport/0/football/30510604



Let's see if they still claim to be the same football club with the same history now.

The timing of this is interesting. Most people would think that this bill had been settled by now as it's about two years since the fine was imposed. The new Rangers have had lots of payments from the SPFL that this could have been deducted from before now with no need to go public.
Could it be that the SPFL believe an insolvency event is about to occur and they don't want to appear on a list of creditors for a sum that they have done the square root of hee haw about collecting for the last two years?

[lapsedhibee]

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The timing of this is interesting. Most people would think that this bill had been settled by now as it's about two years since the fine was imposed. The new Rangers have had lots of payments from the SPFL that this could have been deducted from before now with no need to go public.
Could it be that the SPFL believe an insolvency event is about to occur and they don't want to appear on a list of creditors for a sum that they have done the square root of hee haw about collecting for the last two years?

Interesting indeed. Also there's no mention of interest in that article. Shirley that should add on £20k or so to the original fine? Otherwise it would be as if the SPFL had been loaning The The Huns £250k interest-free for the last couple of years, which would be highly unprofessional of them.

[Billy Whizz]

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The timing of this is interesting. Most people would think that this bill had been settled by now as it's about two years since the fine was imposed. The new Rangers have had lots of payments from the SPFL that this could have been deducted from before now with no need to go public.
Could it be that the SPFL believe an insolvency event is about to occur and they don't want to appear on a list of creditors for a sum that they have done the square root of hee haw about collecting for the last two years?

http://sport.stv.tv/football/clubs/r...y-is-received/

A wee bit info on when prize money is paid

[BH Hibs]

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So their not the same entity, unless you're speaking about development fees for young players thati is? I wish they'd make up their minds.

A wee recap anything good that happened in the past same club. Anything bad different club. ****in ratbags.

[Scorrie]

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So their not the same entity, unless you're speaking about development fees for young players thati is? I wish they'd make up their minds.

I've got a sair heid trying to work this out. If an insolvency event does happen it will be interesting to see if they get the 10 point or 25 point deduction. They say they're the same club so it's 25 then...

[CropleyWasGod]

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I've got a sair heid trying to work this out. If an insolvency event does happen it will be interesting to see if they get the 10 point or 25 point deduction. They say they're the same club so it's 25 then...

It's definitely 25 points, for a 2nd insolvency within 5 years, irrespective of whether the owners are the same.

[Bronson]

Fat Sally to work his 12 month notice after today's meeting.

Excellent news for everyone who isn't a Rangers fan

[Moulin Yarns]

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Fat Sally to work his 12 month notice after today's meeting.

Excellent news for everyone who isn't a Rangers fan

Rangers, make several office staff redundant one week and Sally almost doubles his salary the following week. The world really is crazy!!

[SteveHFC]

[lapsedhibee]

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Fat Sally to work his 12 month notice after today's meeting.

Excellent news for everyone who isn't a Rangers fan

Board maybe hoping that fan pressure will make Sally volunteer for a pay cut? (When I say pressure, I mean they may leak his home address, that kind of thing.)

[SteveHFC]

http://forum.rangers...pic=277181&st=0

[Bronson]

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Board maybe hoping that fan pressure will make Sally volunteer for a pay cut? (When I say pressure, I mean they may leak his home address, that kind of thing.)

Nonsense, a lot of the fans still have a lot of respect for the guy, just sick of his poor management. As brain-dead as their support generally is, they wouldn't threaten him or his family.

[Pete]

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Nonsense, a lot of the fans still have a lot of respect for the guy, just sick of his poor management. As brain-dead as their support generally is, they wouldn't threaten him or his family.

I wouldn't bet on them being that restrained if they get into deeper trouble.

Social unrest. Remember?

[Onion]

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Interesting indeed. Also there's no mention of interest in that article. Shirley that should add on £20k or so to the original fine? Otherwise it would be as if the SPFL had been loaning The The Huns £250k interest-free for the last couple of years, which would be highly unprofessional of them.

I like your thinking

TRFC appear to be in deep deep trouble and about to press the button on another Admin event. For a club that was gifted £ 10s of millions in assets for just a few £££ and raised further £ millions through share offers, they've made a right royal pigs ear of it. Could not happen to a nicer bunch

[Billy Whizz]

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I like your thinking

TRFC appear to be in deep deep trouble and about to press the button on another Admin event. For a club that was gifted £ 10s of millions in assets for just a few £££ and raised further £ millions through share offers, they've made a right royal pigs ear of it. Could not happen to a nicer bunch

I'm presuming that if Rangers were to go into admin again, Mccoist would get his full payment, if he was made redundant, if a new Rangers were to be set up?

[Onion]

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I'm presuming that if Rangers were to go into admin again, Mccoist would get his full payment, if he was made redundant, if a new Rangers were to be set up?

Guess so, as it would be a football debt.

Would be ironic if McCoist's severance pay was one of the issues that sent his club back into Admin The Huns will start eating each other !

[CropleyWasGod]

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I'm presuming that if Rangers were to go into admin again, Mccoist would get his full payment, if he was made redundant, if a new Rangers were to be set up?

If he was TUPE'd over to a new new company, as he was before, his contract would probably continue up to the end of the 12 month notice period.

If he didn't, pretty sure he would only be due salary for the period he worked. The rest of his contract? Don't know, TBH. Not sure if it counts as a football debt for the new new company to take up.

RobinP has been quiet of late.. time to rattle his cage.

[Billy Whizz]

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Guess so, as it would be a football debt.

Would be ironic if McCoist's severance pay was one of the issues that sent his club back into Admin The Huns will start eating each other !

Was just thinking that he may hang on and get full payment, rather than part payment just now, although he could be taking a risk in hanging on

[Billy Whizz]

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If he was TUPE'd over to a new new company, as he was before, his contract would probably continue up to the end of the 12 month notice period.

If he didn't, pretty sure he would only be due salary for the period he worked. The rest of his contract? Don't know, TBH. Not sure if it counts as a football debt for the new new company to take up.

RobinP has been quiet of late.. time to rattle his cage.

Thought all football debts had to be paid, as Onion mentioned?
I would have thought he would have been due everything that he's to receive, on his 12 month notice period.
Anyone at Hearts who was in the same situation?

[CropleyWasGod]

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Thought all football debts had to be paid, as Onion mentioned?
I would have thought he would have been due everything that he's to receive, on his 12 month notice period

I wasn't sure if a manager's salary does count as a football debt, though, as it does with players. Probably does, on reflection.

[Hermit Crab]

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I wasn't sure if a manager's salary does count as a football debt, though, as it does with players. Probably does, on reflection.

CWG in your opinion how close are they to the big A again?

[seanshow]

Kevin Kyle on radio scotland there saying some of the players were on £8k a week in the 3rd division, no wonder they re in danger of becoming 'The The Rangers'

[CropleyWasGod]

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CWG in your opinion how close are they to the big A again?

It's not looking good. The SPFL fine and the legal fees they're facing have come at the worst time.

They still have cards to play, though. It wouldn't surprise me if Ashley bails them out for the season, and Llambias will surely sort out some cost cutting in the interim. They also have the Celtic game to come.

They could gamble, of course, and take the 25 point hit.....soon....to give them time enough to make it into the playoffs.

[Hermit Crab]

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It's not looking good. The SPFL fine and the legal fees they're facing have come at the worst time.

They still have cards to play, though. It wouldn't surprise me if Ashley bails them out for the season, and Llambias will surely sort out some cost cutting in the interim. They also have the Celtic game to come.

They could gamble, of course, and take the 25 point hit.....soon....to give them time enough to make it into the playoffs.

With all that in mind can we see them strengthening in the January window?