Generic Sevco / Rangers meltdown thread

[Ozyhibby]

Ashley not going away then in the face of the 3 bears. :-)

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

What's the significance of Ashley having security over ibrox?

What's the worst case scenario for them now?

Ashley can now crash the bus and still own all the important stuff. Start new club again?

[Billy Whizz]

This quote is hidden because you are ignoring this member. Show Quote

Ashley can now crash the bus and still own all the important stuff. Start new club again?

A 25 point penalty would leave them 16 points behind the 4th placed team, and unlikely to make the play off's.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

It looks like Security over Ibrox has been granted !

Where are you getting that from? It's not Companies House.

[greenginger]

This quote is hidden because you are ignoring this member. Show Quote

Where are you getting that from? It's not Companies House.

Looks like a Registers Direct document.

[marti1875]

This quote is hidden because you are ignoring this member. Show Quote

Where are you getting that from? It's not Companies House.

It's an Registers of Scotland print by the looks of it. You can just see it at the bottom of the page saying ROS Direct.
Looks like some sort of search it seems.

[greenginger]

It looks like it is only valid for a month.

[worcesterhibby]

This quote is hidden because you are ignoring this member. Show Quote

Where are you getting that from? It's not Companies House.

look at the bottom of the sheet https://www.eservices.ros.gov.uk

[s.a.m]

http://sport.stv.tv/football/clubs/r...ibrox-stadium/

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

Where are you getting that from? It's not Companies House.

http://t.co/ZuSQ1AXqMp

[JimBHibees]

Will this not mean the fearless and impartial footballing authorities in this country will need to take action given his increasing control of the club.

[robinp]

This quote is hidden because you are ignoring this member. Show Quote

Looks like a Registers Direct document.

It is!

[Weststandwanab]

On the B.B.C. site now http://t.co/VNPo2HVoRQ

[robinp]

This quote is hidden because you are ignoring this member. Show Quote

It looks like it is only valid for a month.

It a pre notice - looks to be an intention to lodge a security.

[robinp]

Both documents on the STV website are extracts from Registers Direct.

[CropleyWasGod]

Not sure that this is all that significant, TBH.

The obvious short-term fix for Rangers is to get short-term finance, to buy time until the share issue can be organised.

If this application for security goes ahead, presumably it's a condition of a short-term loan by Ashley.

So, if that's the case, they're solvent and they will keep going pro tem.

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

Not sure that this is all that significant, TBH.

The obvious short-term fix for Rangers is to get short-term finance, to buy time until the share issue can be organised.

If this application for security goes ahead, presumably it's a condition of a short-term loan by Ashley.

So, if that's the case, they're solvent and they will keep going pro tem.

How long ago was it they said the would never grant security over Ibrox ?

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

How long ago was it they said the would never grant security over Ibrox ?

That was playing to the gallery, IMO.

Now that they have been backed into a corner, business sense has prevailed over emotional grandstanding.

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

That was playing to the gallery, IMO.

Now that they have been backed into a corner, business sense has prevailed over emotional grandstanding.

Indeed it was but the bears will not be happy !

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Indeed it was but the bears will not be happy !

If you're meaning the 3 Bears, yeah, they won't be.

If you mean the generic species of HunBear, they bloody should be happy. It keeps them going for the moment. They don't seem to get it that King Davie will not be crossing the Clyde on his white horse for a wee while yet.

[AndyM_1875]

This quote is hidden because you are ignoring this member. Show Quote

If you're meaning the 3 Bears, yeah, they won't be.

If you mean the generic species of HunBear, they bloody should be happy. It keeps them going for the moment. They don't seem to get it that King Davie will not be crossing the Clyde on his white horse for a wee while yet.

Keith Jackson has just stated that Mike Ashley has just "parked his tanks outside Ibrox."

I think King Davie & the 3 Bears are about to get a kicking. Liklihood is Rangers will stagger on till seasons end, LLambias will restructure & rebuild and Ashley will get Rangers as he will have sold Newcastle by then. The Bears will be beelin' and so will the Celtic Twitterati.

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

If you're meaning the 3 Bears, yeah, they won't be.

If you mean the generic species of HunBear, they bloody should be happy. It keeps them going for the moment. They don't seem to get it that King Davie will not be crossing the Clyde on his white horse for a wee while yet.

The latter.

And here it was http://t.co/3A2h6xawlp 6th May 2014

[jacomo]

This quote is hidden because you are ignoring this member. Show Quote

How long ago was it they said the would never grant security over Ibrox ?

On the face of it, this is a resignation issue for David Somers is it not?

Saying you have 'no intention' of granting security gives you wriggle room if circumstances change, but how can a chairman categorically state that the company 'will not' grant security over specific assets, then do just that, and stay in post?

[Arthur Duncan]

It is a Register Direct document. New registration system from Dec 2014 allows advance notices (similar to england) which offers protection to the grantee (Sport direct ltd) for 30 odd days. it is almost certain the security will be signed and registered in the next couple of weeks.

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

On the face of it, this is a resignation issue for David Somers is it not?

Saying you have 'no intention' of granting security gives you wriggle room if circumstances change, but how can a chairman categorically state that the company 'will not' grant security over specific assets, then do just that, and stay in post?

Well you should never say never.


If RP had made that statement in May and then served notice he was going to grant security 8 months later can you imagine the meltdown there would be on here

I think most Bear know what is coming and it is inevitable.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

It is a Register Direct document. New registration system from Dec 2014 allows advance notices (similar to england) which offers protection to the grantee (Sport direct ltd) for 30 odd days. it is almost certain the security will be signed and registered in the next couple of weeks.

Cheers, Nijinsky, didn't know that.

[HFC 0-7]

This quote is hidden because you are ignoring this member. Show Quote

It looks like it is only valid for a month.

I think its that only sports direct can get security for the next 35days. It may be that they dont get security but stops everyone else getting it?

[HappyAsHellas]

Reported that Ashley wants the security for a £10 million loan.

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

I think its that only sports direct can get security for the next 35days. It may be that they dont get security but stops everyone else getting it?

I does not look like it will take that long http://t.co/UccgPNc7k8

[HappyAsHellas]

Taken from Rangers media:

HE Board of Rangers Football Club have issued the following statement today:

"The Board of Rangers note with dismay the launch of the 'Ibrox 1972 fund' led by Dave King and Richard Gough.
"Attempting to create a fund that wishes to deprive revenue to the football club these men purport to love so much and create financial difficulty for Rangers, displays a twisted logic.
"For the avoidance of doubt and so that all Rangers fans are again reassured, the Board has stated that it has no intention of granting security over Ibrox to anybody. We have already shown in our actions - and not words - that our stadium is sacrosanct.
"Any supporters considering engaging with Ibrox 1972 Ltd should be clear that as the Club will not grant security over Ibrox to any such organisation, there is no prospect that any commitment to this new scheme will ever come to fruition and is therefore entirely meaningless. Nor will the Board enter into any agreement with a third party organisation on season ticket renewals, as is being suggested.
"Therefore this scheme is a worthless academic exercise created to serve the purposes of individuals and not the greater good of Rangers Football Club. It could never deliver the stability and security this football club and our supporters deserve.
"It is also important to note that should existing season ticket holders choose not to renew by the 16th May deadline, as is being encouraged, they could lose their seat allocation. The Club believes it must - as it always does at this time of the year - attempt to satisfy the requests we have received from current season ticket holders who wish to relocate to other available seats around the stadium.
"The absurd attacks made by individuals associated with this new scheme on Chief Executive Graham Wallace are disgraceful. Since Mr Wallace joined the Club he has worked tirelessly to create a Rangers fit for the future.
"Mr Wallace has brought his considerable business experience together with his extensive knowledge of top-level football operations and impeccable reputation to the Club and we continue to see the benefits of his work. To question his integrity, ability or professionalism as a means to discredit him personally and to undermine the Board generally is absolutely unacceptable.
"Mr Wallace has the Board's unequivocal support.
"We are only too aware that our incredibly loyal supporters have been through remarkably testing times in recent years, but Rangers has made significant progress in recent months, both on and off the field.
"A bright future awaits and we would respectfully ask our fans to support the Club and renew their season tickets. Season ticket sales are the largest single source of income for Rangers and only the Club and the team will suffer if some of this income is withheld.
"Any decision not to renew season tickets can only damage the Club. Such action would only serve to harm the very institution that is so dear to all of us."