Generic Sevco / Rangers meltdown thread

[Matty_Jack04]

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£26m last year included a £5m loan from Ashley (which kick-started the 75% of retail contract).

This year will need to include the second £5m loan, and will also be missing a substantial amount of retail turnover/income.

Just look at the 6 month figures ..
Revenue of £13.1m
Operating expenses of £16.1m
Profit on disposal of player registrations of £0.2m

Bear in mind that the majority of revenue comes at the start with season tickets, it's unlikely that anything other than an even bigger loss for the 2nd half of the financial year.
This is why they were desperate for Ashley's millions, in order to avoid admin and to be able to finish the season.

Didn't they get a loan from easdale last year to stop them drawing down the 2nd £5mill loan from mash?

[jacomo]

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Didn't they get a loan from easdale last year to stop them drawing down the 2nd £5mill loan from mash?

I think it was Easdale, they said they didn't take the 2nd £5m from MASH.

[Hermit Crab]

ImageUploadedByTapatalk1434703581.492910.jpg

Shamelessly stolen from Facebook

[Dan Sarf]

http://www.heraldscotland.com/news/h...-pot.129207878

[CropleyWasGod]

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http://www.heraldscotland.com/news/h...-pot.129207878

It seems we're back to the old ways of the MSM getting their info from Hibs.net.

[greenginger]

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http://www.heraldscotland.com/news/h...-pot.129207878

If King's £ 20 million claim had been in at the start of Admin. could his vote have been enough to prevent his club's liquidation ?

Of course that might have alerted the S A authorities to other sources of assets. More concerned with saving his own skin than saving Deidco. fc.

[JeMeSouviens]

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If King's £ 20 million claim had been in at the start of Admin. could his vote have been enough to prevent his club's liquidation ?

Of course that might have alerted the S A authorities to other sources of assets. More concerned with saving his own skin than saving Deidco. fc.

He voted *against* the CVA I think.

http://www.bbc.co.uk/sport/0/football/18360427

[CropleyWasGod]

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He voted *against* the CVA I think.

http://www.bbc.co.uk/sport/0/football/18360427

... which he would have done to increase the chances of liquidation, thereby giving him a chance of picking the club up for a song.

And he would have got away with it, if it hadn't been for those pesky kids at Duff n Phelps.

[JeMeSouviens]

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... which he would have done to increase the chances of liquidation, thereby giving him a chance of picking the brand name and assets up for a song.

And he would have got away with it, if it hadn't been for those pesky kids at Duff n Phelps.

ftfy

[Baldy Foghorn]

Ashley fined for dual interest, was £7,500 but reduced to £1,000.... Why bother?

[CallumLaidlaw]

[Bostonhibby]

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Is it Matt thornhill? Where do I pick up my prize?

[portycabbage]

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Could be Elton John. Keith Jackson is ***** at counting clues.

[Glory Lurker]

John Eustace.

[BH Hibs]

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Davie Weir dual role

[DH1875]

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Darren O'Dea ;)

[w pilton hibby]

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John Eustace.

http://www.derbytelegraph.co.uk/Derb...ail/story.html

[bill the hibby]

Such an anti-climax, imagine this was kenny millar tweeting about hibs and this was the name revealed the next day, underwhelmed to say the least.

[Ozyhibby]

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Such an anti-climax, imagine this was kenny millar tweeting about hibs and this was the name revealed the next day, underwhelmed to say the least.

Looks like they are in a similar market for players as us.

[bill the hibby]

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Looks like they are in a similar market for players as us.

I haven't seen stubbs bring in a 35 year old journeyman as yet, doesn't seem to fit in to his vision for the club. Mind you there aren't many Scottish clubs these days who aren't in the market for out of contract players so in that respect i guess you're correct.

[Ozyhibby]

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I haven't seen stubbs bring in a 35 year old journeyman as yet, doesn't seem to fit in to his vision for the club. Mind you there aren't many Scottish clubs these days who aren't in the market for out of contract players so in that respect i guess you're correct.

I mean wages wise, you can be in the same market but looking at different products.

[bill the hibby]

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I mean wages wise, you can be in the same market but looking at different products.

Ah right, well then yes I agree totally, I'm glad we're looking at the correct products though haha.

[Jack Hackett]

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http://www.derbytelegraph.co.uk/Derb...ail/story.html

As I sit at a chill out bar on La Carihuela Playa on a balmy evening after a perfect day, that just made my day complete

[oneone73]

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As I sit at a chill out bar on La Carihuela Playa on a balmy evening after a perfect day, that just made my day complete

The guy played the entire season in the English Championship; a sight higher than the level we're at. I wouldn't be so quick to mock -Fontaine, for example, came from the league below that.

[Del Boy]

Maybe past his best now but John Eustace is a very decent player.

[greenginger]

http://www.philmacgiollabhain.ie/dav...-on-june-12th/


Philmac .. whateverhisnameis now saying King has tried to flog his shares to Ashley.

Hilarious if true ! a big if , I know.

[ballengeich]

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The guy played the entire season in the English Championship; a sight higher than the level we're at. I wouldn't be so quick to mock -Fontaine, for example, came from the league below that.

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Maybe past his best now but John Eustace is a very decent player.

According to Soccerbase his last game was in January - injured since then apparently. Their other target Kiernan is reported to have failed a medical at Birmingham. Is there a pattern emerging?

The English championship is a much higher standard than ours so these players must have a good basic ability, but they're not the sort you would expect a team determined to win the championship, whatever the cost, and build for the Premier to sign. Neither sounds like he'll guarantee The Rangers finishing above us.

[jacomo]

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http://www.philmacgiollabhain.ie/dav...-on-june-12th/


Philmac .. whateverhisnameis now saying King has tried to flog his shares to Ashley.

Hilarious if true ! a big if , I know.

Health warnings all over that... but it did raise an eyebrow that King missed the GM because he was on club business in London.

Would Ashley really schedule a meeting at the same time to show just who's boss?

[Matty_Jack04]

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According to Soccerbase his last game was in January - injured since then apparently. Their other target Kiernan is reported to have failed a medical at Birmingham. Is there a pattern emerging?

The English championship is a much higher standard than ours so these players must have a good basic ability, but they're not the sort you would expect a team determined to win the championship, whatever the cost, and build for the Premier to sign. Neither sounds like he'll guarantee The Rangers finishing above us.

They said on the Keirnan signing he fits the model there looking for adding value to the team and potential value to sell on at 24 and unlucky with injuries you can see the thinking then there next move is a 35yr old who's barely kicked a ball in 6months sort of tears that model up and throws it in the bin whithin a week hopefully there getting desperate pre season fast approaching squads in tatters

[Ozyhibby]

I'll be delighted if they keep signing this level of player