Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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The bit I struggle with is without administration they are still burdened players with contract length and high salaries. With the attendance down and until you win the hoardes over the income won't be what they need even with a return to the premiership?

Aren't there a lot of them ending this year? That will be a help.

(washes mouth out for using the H word).

[Billy Whizz]

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The bit I struggle with is without administration they are still burdened players with contract length and high salaries. With the attendance down and until you win the hoardes over the income won't be what they need even with a return to the premiership?

There's a load out of contract at the end of this season inc, McCulloch (17k per week), Daly, Black, Sheils, Boyd and Miller etc

[Ozyhibby]

I don't think the contracts they have to worry about are anything to do with the players.

[bighairyfaeleith]

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I don't think the contracts they have to worry about are anything to do with the players.

Exactly, lets see them try and cancel Ashleys contracts

[Jack]

Has anyone compiled a list of sevco assets held by Ashley.

£3m loan
Merchandise, how long for?
The badge, but what does that actually mean?
9ish% of the shares

[JimBHibees]

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There's a load out of contract at the end of this season inc, McCulloch (17k per week), Daly, Black, Sheils, Boyd and Miller etc

Just wow, an absolute passenger and a thug to boot who gets away with murder solely on the basis of being the captain of Rangers.

[portycabbage]

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Think the "fit and proper" only applies to directorships and direct involvement. At the moment, he's only a shareholder. He has, reportedly, also got new problems in SA which might hinder any major involvement.

However, this is sounding like the initial shots in a war between King Dave and the 3 Bears.

As for funding, they will have to go some if they want to get some in before the end of January.

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Do you not think King Dave and the 3 Bears will work together, or is their history between them?

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This is where my eyes glaze over; the politics baffle me.

IIRC, one of the Bears was a Blue Knight. Weren't they anti-King?

They might work together against the common enemy, Mashley and the Wet Fish. But then, it's the nature of this whole thing that they might then turn on each other.

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Could be that both groups are working together but by going separately they avoid going over 29% and triggering having to make a formal offer for all shares at the year high level.

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It wouldn't surprise me if Ashley is in cohorts with King and this is his response to the 3 bears move since the sfa made their decision about him not being allowed to directly increase his stake ..... Time will tell I suppose, it's an interesting watch anyway and hopefully will end up in tatters

Re King-

"Its transaction was completed two days after a group of three businessmen - George Letham, Douglas Park and George Taylor - purchased the 16% of shares held by Laxey Partners, which was the single largest shareholder.

However, BBC Scotland has learned that the move has prompted one large shareholder to lodge complaints with the takeover panel and the Financial Conduct Authority.

Those bodies have yet to respond, but the shareholder believes King is working in concert with the Park consortium in a bid to seize control.
Takeover panel rules dictate that, if a consortium crosses the 29.9% threshold, it must make an offer to buy the rest of the company.
Both parties together hold more than 34%, but King and Park are adamant they are separate groups. "

http://www.bbc.co.uk/sport/0/football/30661103

[Moulin Yarns]

I can't believe this thread had slipped so far.

BBC reported some guy that owns a Pheonix sports club, Pheonix Suns basketball offered £18million for Rangers on Christmas eve. Has this got something to do with all these sales of shares?
http://www.bbc.co.uk/sport/0/football/30674489

[CropleyWasGod]

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I can't believe this thread had slipped so far.

BBC reported some guy that owns a Pheonix sports club, Pheonix Suns basketball offered £18million for Rangers on Christmas eve. Has this got something to do with all these sales of shares?
http://www.bbc.co.uk/sport/0/football/30674489

....plus £15m for the rest of the shares.

If I were a current shareholder, with the chance to buy more shares. ....I might just buy them if somebody was going to buy them off me for silly money.

[Deansy]

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I can't believe this thread had slipped so far.

BBC reported some guy that owns a Pheonix sports club, Pheonix Suns basketball offered £18million for Rangers on Christmas eve. Has this got something to do with all these sales of shares?
http://www.bbc.co.uk/sport/0/football/30674489

'If you are going to rebuild a major club like Rangers and get it back to the very top of the game on a stable and sustainable basis, additional funding will be needed'

...... and this 'serious player' would recoup his investment, (even if 'Satan's 11' were in the top-league) from the Scottish Game, how exactly ??.

Not being 'Business-savvy', I honestly can't see a reason why an American with (as of yet) no apparent connection to the Hun would be interested ?

[jae]

Somebody on follow follow saying there is an insolvency event stated on front page of tomorrows Daily Record

[Hibby Kay-Yay]

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Somebody on follow follow saying there is an insolvency event stated on front page of tomorrows Daily Record

Tidy, so all we need is for Hearts to get maximum penalty points for ineligible player scam and we will be sitting pretty in 2nd place with a momentum to get 1st

(In my dream world that is)

[CropleyWasGod]

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Somebody on follow follow saying there is an insolvency event stated on front page of tomorrows Daily Record

I've just read tomorrow's Record piece. That's not what they are saying. They're summarising the current situation.

In any case, the Courts reopen tomorrow after the holiday. Any application for administration could only be made tomorrow at the earliest.

[HoboHarry]

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I've just read tomorrow's Record piece. That's not what they are saying. They're summarising the current situation.

In any case, the Courts reopen tomorrow after the holiday. Any application for administration could only be made tomorrow at the earliest.

Leave it to you to pee on the fire ..... Was about to cheer....

[CropleyWasGod]

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Leave it to you to pee on the fire ..... Was about to cheer....

Read Jackson's piece though. ....it's encouraging :)

[Del Boy]

Just got a text saying liquidation tomorrow!!

Pray it's true

[weecounty hibby]

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Just got a text saying liquidation tomorrow!!

Pray it's true

Please please please be true. Would be well deserved if it happens, no lessons learned at all

[Oscar T Grouch]

Just said on sportscene that there an £18m offer going in to buy a controlling stake of them. Never be liquidation.

[WeeRussell]

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Just said on sportscene that there an £18m offer going in to buy a controlling stake of them. Never be liquidation.

I wouldn't be so sure... liquidation seemingly not far away!

[Oscar T Grouch]

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I wouldn't be so sure... liquidation seemingly not far away!

If anything it would be admin before any liquidation event. Neither will happen this time, for some reason they seem to have an endless supply of idiots that'll throw good money after bad at that club

[HoboHarry]

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Just said on sportscene that there an £18m offer going in to buy a controlling stake of them. Never be liquidation.

I don't believe that 18M offer for a minute. Rangers in total aren't worth that and in addition, that offer is supposed to have been made prior to the Three Bears and King buying their own shares this past week. Then they will all to face down Mike Ashley......

[Oscar T Grouch]

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I don't believe that 18M offer for a minute. Rangers in total aren't worth that and in addition, that offer is supposed to have been made prior to the Three Bears and King buying their own shares this past week. Then they will all to face down Mike Ashley......

It's just another part of the storyline in the soap opera that is the rangers, wait and see what happens, I'm sure it'll be entertaining whatever it is 😉

[WeeRussell]

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If anything it would be admin before any liquidation event. Neither will happen this time, for some reason they seem to have an endless supply of idiots that'll throw good money after bad at that club

You need cash to run an administration, which they do not have. That's the rumour anyway.

Will see shortly - I'm sure we both hope it is you that's wrong


Either way they are properly *****ed.

[Oscar T Grouch]

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You need cash to run an administration, which they do not have. That's the rumour anyway.

Will see shortly - I'm sure we both hope it is you that's wrong


Either way they are properly *****ed.

i really hope I'm wrong, I would like nothing more than to see them hit the wall again 😂

[Deansy]

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If anything it would be admin before any liquidation event. Neither will happen this time, for some reason they seem to have an endless supply of idiots that'll throw good money after bad at that club

Or - an endless supply of crooks that'll put dodgy-money into that club as they know they'll face no action from the SFA or the courts - and the MSM will back them (initially) ?

[portycabbage]

http://forum.rangersmedia.co.uk/inde...owtopic=277913

Shares suspended according to a rumour on that.

[CA Hibby]

Talk over this side of the pond that Rangers will be bought by the guy that owns Phoenix Suns basketball team..sons were coached by Dave Robertson their old full back who lives in the Phoenix area. Guys name is Scarver

[CA Hibby]

Probably why the shares are suspended

[silverhibee]

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Talk over this side of the pond that Rangers will be bought by the guy that owns Phoenix Suns basketball team..sons were coached by Dave Robertson their old full back who lives in the Phoenix area. Guys name is Scarver

http://www.dailyrecord.co.uk/sport/f...s-mike-4919126

[CropleyWasGod]

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Probably why the shares are suspended

The SE isn't open yet, so that's unlikely.

However, :-
Easdale gives Rangers emergency loan http://www.bbc.co.uk/sport/football/30678270