Generic Sevco / Rangers meltdown thread

[Weststandwanab]

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Scenario...

Ashley demands his loan back -Rangers say they don't have the money-Rangers are put into administration and King and the 3 Bears lose their stake(as does Ashley but his loan is secured and it's peanuts to him anyway) and then the free for all starts.

Why would a free for all start ?

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They wouldn't necessarily lose their stake in that scenario.

If a potential new owner offered enough, there is the possibility that all creditors and shareholders would be paid in full. It's a long shot, and a helluva gamble, but one worth considering.

Ashley offer more than was absolutely necessary ?

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Ashley could obviously outbid anyone else.

He could but will not need to.

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http://www.bbc.co.uk/sport/0/football/30700561


Rangers have received some much-needed funds in the shape of cash owed to them by Dundee United for Charlie Telfer.
Just over £200,000 was paid by the Tannadice club on Tuesday followinga long battle over compensation for the 19-year-old midfielder.


kin boooo

Clutching at the straws of desperation.

[PatHead]

Dundee Utd had paid £72,000 as a downpayment. Why would they pay an extra £200,000 now?

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http://www.bbc.co.uk/sport/0/football/30700561


Rangers have received some much-needed funds in the shape of cash owed to them by Dundee United for Charlie Telfer.
Just over £200,000 was paid by the Tannadice club on Tuesday followinga long battle over compensation for the 19-year-old midfielder.


kin boooo

[Weststandwanab]

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Dundee Utd had paid £72,000 as a downpayment. Why would they pay an extra £200,000 now?

Probably a discounted to get the money early a bit Like Mad Vlad taking £100k less for Wallace just before the brown stuff landed

In the meantime

[CropleyWasGod]

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Probably a discounted to get the money early a bit Like Mad Vlad taking £100k less for Wallace just before the brown stuff landed

In the meantime

Read it again

[Weststandwanab]

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Read it again

I only read I once - that is all it deserved - what did I miss ?

[CropleyWasGod]

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I only read I once - that is all it deserved - what did I miss ?

United were ordered to pay 200k. They had already paid 72k. So, as PH says, why another 200k?

Some discount

[monktonharp]

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Can we say then that legally it's a new entity set up in 2012, but emotionally it carries all the baggage and history of the old club?

Was thinking about this while watching AFC Wimbledon last night - unarguably a new club, but surely no one can argue with the references to the FA Cup win in 1988? That has more to do with them (and their fans) than MK Dons.

your confusing me, baggage.....old history.......same baggage.....same history.......same old songs......same old rangers fans.......different, or shall we say newco.?

[Weststandwanab]

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United were ordered to pay 200k. They had already paid 72k. So, as PH says, why another 200k?

Some discount

If remember correctly they agreed to pay £72k but never got around to it, were subsequently ordered to pay £200k or face a tribunal. where it may have gone against them and today (as far as I am led to believe) were offered a full and final settlement of £200k.

The discount is assessed versus the probable settlement that would be imposed by any tribunal.


Thomson is not daft.

[kaimendhibs]

Tin hat on. No idea why they would, but feel Sevco are encouraging an insolvency event! They seem to be intent on self destruction, part of a bigger plan perhaps?

[banchoryhibs]

A hun colleague was at Ibrox yesterday to purchase some testimonial ticket - they would only accept cash - no card payments!

They are indeed in deep doo doo.

I would not be surprised if some pre-pack administration deal was round the corner. If they are struggling to pay HMRC what chances of paying the next lot of wages?

[CropleyWasGod]

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If remember correctly they agreed to pay £72k but never got around to it, were subsequently ordered to pay £200k or face a tribunal. where it may have gone against them and today (as far as I am led to believe) were offered a full and final settlement of £200k.

The discount is assessed versus the probable settlement that would be imposed by any tribunal.


Thomson is not daft.

It was a tribunal that decided on 204k.

I suspect that the BBC report is wrong, and that DU actually paid the balance yesterday, ie 132k.

[Ronniekirk]

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Or a month late to the party

I know it's only the Sun Reporting it ,but saying Ian Cathro being discussed as Rangers New Head Coach Currently Assisstant at Valencia .Confirms what my rangers supporting colleague tod me yesterday .Is this forward planning and some speculation or is there something in rumour that management change will happen before the end of the month

[Newry Hibs]

http://www.bbc.com/sport/0/football/30706619

Derek Llambias assures SPFL that there is no administration looming.

So that's OK then. Thread can be closed.

[Weststandwanab]

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It was a tribunal that decided on 204k.

I suspect that the BBC report is wrong, and that DU actually paid the balance yesterday, ie 132k.

I suspect you are correct.

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I know it's only the Sun Reporting it ,but saying Ian Cathro being discussed as Rangers New Head Coach Currently Assisstant at Valencia .Confirms what my rangers supporting colleague tod me yesterday .Is this forward planning and some speculation or is there something in rumour that management change will happen before the end of the month

I think the most likely change before the end of the month will be an insolvency event.

[greenlex]

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Probably a discounted to get the money early a bit Like Mad Vlad taking £100k less for Wallace just before the brown stuff landed

In the meantime

is this like when Hearts said they were self sufficient?

[CropleyWasGod]

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http://www.bbc.com/sport/0/football/30706619

Derek Llambias assures SPFL that there is no administration looming.

So that's OK then. Thread can be closed.

TBH, he couldn't say anything else. If administration was likely, the SPFL would be well down the list of people he would tell.

[StevieC]

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TBH, he couldn't say anything else. If administration was likely, the SPFL would be well down the list of people he would tell.

Just google "Derek Llambias Newcastle United" to find out how he conducted himself during his time at Newcastle, and what the fans thought of him.

Rangers are stating that they need fresh funding by the end of January, so any statement saying that administration is unlikely is based on the presumption that they receive fresh funding.

[Callum_62]

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Just google "Derek Llambias Newcastle United" to find out how he conducted himself during his time at Newcastle, and what the fans thought of him.

Rangers are stating that they need fresh funding by the end of January, so any statement saying that administration is unlikely is based on the presumption that they receive fresh funding.

Good enough for the SPFL though

Imagine the uproar if they were deducted 25 points and missed the play offs

[Spike Mandela]

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Good enough for the SPFL though

Imagine the uproar if they were deducted 25 points and missed the play offs

I know a few Rangers fans who would happily take 25point admin if it meant starting this car crash again, lessons learnt.

[Jack Hackett]

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I know a few Rangers fans who would happily take 25point admin if it meant starting this car crash again, lessons learnt.

The old saying about leopards changing their spots comes to mind

[Bostonhibby]

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A hun colleague was at Ibrox yesterday to purchase some testimonial ticket - they would only accept cash - no card payments!

They are indeed in deep doo doo.

I would not be surprised if some pre-pack administration deal was round the corner. If they are struggling to pay HMRC what chances of paying the next lot of wages?

The rangers bumping their majesty again? Surely not. Whatever will their "loyal" fans make of this?

Practically treason against all they seem to stand for to rob the very institution that is at the heart of all they sing about, not once but twice.

[Peevemor]

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The old saying about leopards changing their spots comes to mind

Or their spats...

[Callum_62]

I can almost feel the social unrest.

[Dan Sarf]

Rangers midfielder to follow Macleod?
Rangers midfielder Arnold Peralta has been linked with a move to Brentford, following in the footsteps of former teammate Lewis Macleod.
With Rangers needing to raise funds due to their financial woes, it is likely that they will have to offload players this transfer window.
Peralta is a strong, quick winger, who will inject some added pace to the team.

(From "Beesotted", Brentford fans site)

[PatHead]

What a brass neck!

"Rangers rejected American Robert Sarver's £18m buy-out offer but then asked the banker for a short-term loan to help them out of their financial troubles. (Star)"

[Weststandwanab]

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is this like when Hearts said they were self sufficient?

Indeed !

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TBH, he couldn't say anything else. If administration was likely, the SPFL would be well down the list of people he would tell.

The dreaded vote of con fidence

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I know a few Rangers fans who would happily take 25point admin if it meant starting this car crash again, lessons learnt.

Would that be lessons learned for a second time ?

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Rangers midfielder to follow Macleod?
Rangers midfielder Arnold Peralta has been linked with a move to Brentford, following in the footsteps of former teammate Lewis Macleod.
With Rangers needing to raise funds due to their financial woes, it is likely that they will have to offload players this transfer window.
Peralta is a strong, quick winger, who will inject some added pace to the team.

(From "Beesotted", Brentford fans site)

One of quite a few I suspect.

[Keith_M]

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..........
I think the most likely change before the end of the month will be an insolvency event.

You have previous in the Hearts debacle for insisting they would be liquidated.

Don't put your head on the line again.

[Weststandwanab]

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You have previous in the Hearts debacle for insisting they would be liquidated.

Don't put your head on the line again.

I have previous for lots of things, including having an opinion.

I think if you check you will see that I did not insist they would be liquidated what I often said was “keep the faith the big L is coming”.

In actual fact I was merely 36 hours away from being correct.

Should I take you last line as a reprimand ?

If it is okay with you I will retain my option to have an opinion and, if I chose to do so, may post those opinions on this forum.

You, of course, have the option not to read them.

Going back to what I actually said in this thread, it was that, in my opinion, the most likely thing to change before the end of this month was an Insolvency event.

Some may think I am hedging my bets rather than sticking my head above the parapet !

[KeithTheHibby]

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I have previous for lots of things, including having an opinion.

I think if you check you will see that I did not insist they would be liquidated what I often said was “keep the faith the big L is coming”.

In actual fact I was merely 36 hours away from being correct.

Should I take you last line as a reprimand ?

If it is okay with you I will retain my option to have an opinion and, if I chose to do so, may post those opinions on this forum.

You, of course, have the option not to read them.

Going back to what I actually said in this thread, it was that, in my opinion, the most likely thing to change before the end of this month was an Insolvency event.

Some may think I am hedging my bets rather than sticking my head above the parapet !

I fail to see the difference.

[Keith_M]

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I have previous for lots of things, including having an opinion.

I think if you check you will see that I did not insist they would be liquidated what I often said was “keep the faith the big L is coming”.

In actual fact I was merely 36 hours away from being correct.

Should I take you last line as a reprimand ?

If it is okay with you I will retain my option to have an opinion and, if I chose to do so, may post those opinions on this forum.

You, of course, have the option not to read them.

Going back to what I actually said in this thread, it was that, in my opinion, the most likely thing to change before the end of this month was an Insolvency event.

Some may think I am hedging my bets rather than sticking my head above the parapet !

A bit touchy aren't you.