Generic Sevco / Rangers meltdown thread

***CropleyWasGod*** · 31-12-2014 05:16 PM

Originally Posted by Radium

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Lewis MacLeod has today signed for English championship side Brentford for £850,000 on a three and a half year deal, subject to international clearance.
An informed source has told Scotzine that Rangers will not receive a single penny of MacLeod’s transfer fee due to an agreement with Newcastle United owner Mike Ashley. The source told us that: “Condition one of Ashley’s first £1 million loaned was secured against the sale of McLeod in January.”

http://www.scotzine.com/2014/12/bren...leod-for-850k/

S******.

And he still has security over the rest of his loan.

And it's in staged payments, with only half now and the rest over 18 months.

And it probably includes VAT.

**ACLeith** · 31-12-2014 05:20 PM

Originally Posted by Radium

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Lewis MacLeod has today signed for English championship side Brentford for £850,000 on a three and a half year deal, subject to international clearance.
An informed source has told Scotzine that Rangers will not receive a single penny of MacLeod’s transfer fee due to an agreement with Newcastle United owner Mike Ashley. The source told us that: “Condition one of Ashley’s first £1 million loaned was secured against the sale of McLeod in January.”

http://www.scotzine.com/2014/12/bren...leod-for-850k/

Explains why they sold him rather than the big earners. Maybe Kris Boyd is security against the second loan?

***BSEJVT*** · 31-12-2014 05:30 PM

Originally Posted by ACLeith

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Explains why they sold him rather than the big earners. Maybe Kris Boyd is security against the second loan?

Because nobody else is worth a bolt?

***CropleyWasGod*** · 31-12-2014 05:30 PM

Originally Posted by ACLeith

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Explains why they sold him rather than the big earners. Maybe Kris Boyd is security against the second loan?

They have form for that.

Older readers of this thread may remember the famous "pie loan". Having a loan secured against Boyd ties in with that philosophy.

**ACLeith** · 31-12-2014 05:32 PM

Originally Posted by CropleyWasGod

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They have form for that.

Older readers of this thread may remember the famous "pie loan". Having a loan secured against Boyd ties in with that philosophy.

Or maybe 1K XXXL shirts from Sports Direct?

**ACLeith** · 31-12-2014 05:34 PM

Originally Posted by BSEJVT

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Because nobody else is worth a bolt?

Major reduction in wage bill more important than cash in hand?

**Hibby Bairn** · 31-12-2014 05:35 PM

Originally Posted by Radium

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Lewis MacLeod has today signed for English championship side Brentford for £850,000 on a three and a half year deal, subject to international clearance.
An informed source has told Scotzine that Rangers will not receive a single penny of MacLeod’s transfer fee due to an agreement with Newcastle United owner Mike Ashley. The source told us that: “Condition one of Ashley’s first £1 million loaned was secured against the sale of McLeod in January.”

http://www.scotzine.com/2014/12/bren...leod-for-850k/

Short term loans repaid from asset sales. Brilliant. Working capital remains unchanged whilst player pool diminishes.

Welcome to the real world.

***Hibernia&Alba*** · 31-12-2014 05:57 PM

Who are these fuds they're calling the three Bears? I hope they're another bunch of idiots/crooks and the fairytale again turns Brothers Grimm. They can all do porridge with Whyte & co (sevco).

**Weststandwanab** · 31-12-2014 06:00 PM

Originally Posted by CropleyWasGod

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S******.

And he still has security over the rest of his loan.

And it's in staged payments, with only half now and the rest over 18 months.

And it probably includes VAT.

Transfers are subject to V.A.T. but it is "usual" to quote an ex V.A.T. price but then it is a desperate Sevco

Originally Posted by BSEJVT

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Because nobody else is worth a bolt?

Pretty much the case.

Originally Posted by CropleyWasGod

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They have form for that.

Older readers of this thread may remember the famous "pie loan". Having a loan secured against Boyd ties in with that philosophy.

Can you elaborate to us younger chaps in terms of Debits and Credits

***CropleyWasGod*** · 31-12-2014 06:00 PM

Originally Posted by Hibernia&Alba

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Who are these fuds they're calling the three Bears? I hope they're another bunch of idiots/crooks and the fairytale again turns Brothers Grimm. They can all do porridge with Whyte & co (sevco).

Sadly, they're not.

Douglas Park is certainly not an idiot. He has a stadium named after him, after all.

Don't know about the others, though.

***Hibernia&Alba*** · 31-12-2014 06:04 PM

Originally Posted by CropleyWasGod

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Sadly, they're not.

Douglas Park is certainly not an idiot. Don't know about the others, though.

FFS. So is the beginning of Rangers turning the corner? Is there a danger the three Huns could gain ownership and actually sort out the mess? Surely not.

***greenginger*** · 31-12-2014 06:05 PM

Is he the same Douglas Park that was a Yam director back in Wallet's day ? or maybe son of ?

***CropleyWasGod*** · 31-12-2014 06:07 PM

Originally Posted by greenginger

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Is he the same Douglas Park that was a Yam director back in Wallet's day ? or maybe son of ?

Think it's the same one, going by the photos.

Otherwise it would be New Douglas Park, no?

***CropleyWasGod*** · 31-12-2014 06:12 PM

Originally Posted by Hibernia&Alba

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FFS. So is the beginning of Rangers turning the corner? Is there a danger the three Huns could gain ownership and actually sort out the mess? Surely not.

At the moment, they have 20% of the shares between them.

That gives them the option to buy 20% of the new issue. They are also willing to underwrite all of the new issue.

Whether they can get overall control will depend on the attitudes of the other major players to them, their own holdings, and their intentions for the new issue. That's where it gets messy, and the politics take hold. My eyes glaze over at that point.

Time, though, is not on their side.

***Hibernia&Alba*** · 31-12-2014 06:18 PM

Any positive news for them is bad news for civilization. Their counter offensive must be stopped.

Not that I'm biased or anything.

**trev the hat** · 31-12-2014 06:19 PM

So zombies sell one of there best players but don't get a bolt of the money & stand off between these 3 & MA whilst almost zero chance of player recruitment in Jan.
I'm liking this kind of deal a lot !!!

***cabbageandribs1875*** · 31-12-2014 06:19 PM

Originally Posted by Hibernia&Alba

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Who are these fuds they're calling the three Bears? I hope they're another bunch of idiots/crooks and the fairytale again turns Brothers Grimm. They can all do porridge with Whyte & co (sevco).

seeing as the average hun loves everything english it's probably taken from 'the three lions'

***CropleyWasGod*** · 31-12-2014 06:20 PM

Originally Posted by Weststandwanab

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Can you elaborate to us younger chaps in terms of Debits and Credits

Boyd has no credit.

***ian cruise*** · 31-12-2014 06:22 PM

Originally Posted by greenginger

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Is he the same Douglas Park that was a Yam director back in Wallet's day ? or maybe son of ?

Is he not a massive Celtic fan and shareholder at parkhead?

***CropleyWasGod*** · 31-12-2014 06:28 PM

Originally Posted by ian cruise

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Is he not a massive Celtic fan and shareholder at parkhead?

I'd doubt it, otherwise the SFA might be interested

***CropleyWasGod*** · 31-12-2014 07:02 PM

On PA wires: Laxey partners chairman Colin Kingsnorth confirms he has sold his 16% stake to the Three Bears: "I sold because a fans-based group were hopefully going to be the best placed to take on Ashley's power. After Ashley removed Norman Crighton, Ashley's most vocal critic, it was obvious David Somers was just a wet fish agreeing anything Ashley wanted. I am sure the Three Bears are an upgrade on us for fans and hopefully this is the start of the ownership being in the right hands."

**Weststandwanab** · 31-12-2014 07:10 PM

Originally Posted by CropleyWasGod

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Boyd has no credit.

Indeed but what is the Hampden Roar with a pie loan ?

Originally Posted by ian cruise

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Is he not a massive Celtic fan and shareholder at parkhead?

Oh surly not another Ashley scenario !

***CropleyWasGod*** · 31-12-2014 07:17 PM

Originally Posted by Weststandwanab

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Indeed but what is the Hampden Roar with a pie loan ?

It goes back to the early days of the Rangers administration, when there were so many stories flying around about who had security over what, and for how much. With a simple trawl of Companies House records, it was established that the only people with any security were the company who leased the catering equipment to RFC.

***AlbertK86*** · 31-12-2014 07:31 PM

I presume Park is the same Park that has the bus company Park's of Hamilton and has/had a whole string of car dealerships.

If my memory serves me correctly was he not involved in the running of Hamilton Accies at one point

**Weststandwanab** · 31-12-2014 07:32 PM

Originally Posted by CropleyWasGod

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It goes back to the early days of the Rangers administration, when there were so many stories flying around about who had security over what, and for how much. With a simple trawl of Companies House records, it was established that the only people with any security were the company who leased the catering equipment to RFC.

Thank you.

**Sir David Gray** · 31-12-2014 07:33 PM

Originally Posted by AlbertK86

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I presume Park is the same Park that has the bus company Park's of Hamilton and has/had a whole string of car dealerships.

If my memory serves me correctly was he not involved in the running of Hamilton Accies at one point

Yes to the first part of your post.

Don't know about the second part.