Generic Sevco / Rangers meltdown thread

[greenginger]

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Easily checkable through public records. I'm sure JJ would know that.

I haven't seen the accounts themselves, but would have thought that the sale of a major asset would be disclosed.

The interim accounts are not published on Companies House website, the AIM website is gone with their de-listing, not sure if they are still on Rangers Official site ( don't really want to dirty myself by going on there )

I don't think there is any obligation for a purchaser to register a title to a property at Registers of Scotland.

I think it will/should be disclosed when their year accounts eventually appear, if not , will anybody ask what the the leasing sum is for ?

[GreenLake]

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https://rangerssupportersloyal.wordp.../#comment-2285


The John James@sitonfence character is banging on about evidence that Chuckie Green had actually sold the Big Hoose before taking leave of Sevco.

Seems in the 6 month accounts produced to December 2014 there is a £ 0.7 million charge (£1.4 million for the year ) for a sale and lease back of a Sevco asset ,and in his opinion can only be Ibrox .

I think Tom Farmer should put an offer in for Ibrox. Say £1.75m as an opener then raise it to £2.25m. They would have a very quick fit.

[Bostonhibby]

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I think Tom Farmer should put an offer in for Ibrox. Say £1.75m as an opener then raise it to £2.25m. They would have a very quick fit.

Great idea, he could then lease it to sports direct and Ashley would control every scrap of assets they have without actually owning the toxic loss making bit

[Keith_M]

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I think Tom Farmer should put an offer in for Ibrox. Say £1.75m as an opener then raise it to £2.25m. They would have a very quick fit.

They'd probably sell, just to keep the club running for another couple of weeks.

[CropleyWasGod]

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The interim accounts are not published on Companies House website, the AIM website is gone with their de-listing, not sure if they are still on Rangers Official site ( don't really want to dirty myself by going on there )

I don't think there is any obligation for a purchaser to register a title to a property at Registers of Scotland.

I think it will/should be disclosed when their year accounts eventually appear, if not , will anybody ask what the the leasing sum is for ?

Doesn't the sale need to be, though?

[greenginger]

I've had a look at the Scottish Assessors Association web site. They list details of all properties and business rates and Council Tax bands.

Interestingly, the proprietor of Murray Park is noted as, The Rangers Football Club Ltd, 150 Edmiston drive, whereas the proprietor of Ibrox Stadium is noted as, Rangers Football Club Ltd, per Les Ewan Associates, 21 Oronsay Crescent, Glasgow.


http://www.saa.gov.uk/search.php?SEA...10&y=9#results

Might mean nothing, maybe different ownerships !

Anyone heard of Les Ewan before in the Sevco saga ?

[CropleyWasGod]

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I've had a look at the Scottish Assessors Association web site. They list details of all properties and business rates and Council Tax bands.

Interestingly, the proprietor of Murray Park is noted as, The Rangers Football Club Ltd, 150 Edmiston drive, whereas the proprietor of Ibrox Stadium is noted as, Rangers Football Club Ltd, per Les Ewan Associates, 21 Oronsay Crescent, Glasgow.


http://www.saa.gov.uk/search.php?SEA...10&y=9#results

Might mean nothing, maybe different ownerships !

Anyone heard of Les Ewan before in the Sevco saga ?

He's a property consultant, wtf that might mean

https://www.linkedin.com/pub/leslie-ewan/b5/886/280

[high bee]

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He's a property consultant, wtf that might mean

https://www.linkedin.com/pub/leslie-ewan/b5/886/280

Check out the picture, it's Rod Petrie that owns Ibrox.

[CropleyWasGod]

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Check out the picture, it's Rod Petrie that owns Ibrox.

Yep. One of his skills is "contract negotiation".

Busted.

[Keith_M]

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Interestingly, the proprietor of Murray Park is noted as, The Rangers Football Club Ltd, 150 Edmiston drive, whereas the proprietor of Ibrox Stadium is noted as, Rangers Football Club Ltd, per Les Ewan Associates, 21 Oronsay Crescent, Glasgow.

Pardon my ignorance but are they not the Rangers Clumpany that went into Administration in 2012 and are currently being Liquidated by BDO?

How can a now defunct Company own Ibrox?

[CropleyWasGod]

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Pardon my ignorance but are they not the Rangers Clumpany that went into Administration in 2012 and are currently being Liquidated by BDO?

How can a now defunct Company own Ibrox?

There was a change of names at one stage, and the names were effectively switched.

The company that owns the football club is The Rangers Football Club Limited.

[Ozyhibby]

I've yet to see any convincing evidence that ibrox is not owned by the new club.
I can believe that there are lots of contracts that the club have to honour that send a lot of money out the club but I've never seen any evidence that ibrox is not still the property of the club.

[Keith_M]

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There was a change of names at one stage, and the names were effectively switched.

The company that owns the football club is The Rangers Football Club Limited.

The name I highlighted in bold didn't start with 'The', hence my confusion.

I'm presuming the 'The' was just left out by accident*, though, and the Stadium is not really owned by the now defunct 'Rangers Football Club Ltd'.




* I hope you can follow that ;)

[greenginger]

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Pardon my ignorance but are they not the Rangers Clumpany that went into Administration in 2012 and are currently being Liquidated by BDO?

How can a now defunct Company own Ibrox?

The original Rangers changed its name to RFC 2012 PLC to save the ignominy of the Rangers Football Club being liquidated.

http://wck2.companieshouse.gov.uk//compdetails

A bit like Peter Sutcliffe changing his name to Jimmy Smith and then claiming he's not a murderer.

[grunt]

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https://rangerssupportersloyal.wordp.../#comment-2285


The John James@sitonfence character is banging on about evidence that Chuckie Green had actually sold the Big Hoose before taking leave of Sevco.

Seems in the 6 month accounts produced to December 2014 there is a £ 0.7 million charge (£1.4 million for the year ) for a sale and lease back of a Sevco asset ,and in his opinion can only be Ibrox .

It seems that this JJ is not a finance expert like what we have here (sit down CWG). The RIFC accounts show finance leases and clearly state they are for refurbishment of the stadium fast food outlets (note 18). JJ has just significantly dented his credibility, I fear.

http://www.rangers.co.uk/images/stat...nualReport.pdf

[greenginger]

Phil now saying Sevco going back to the stock exchange well for another £ 20 million.


http://www.philmacgiollabhain.ie/rif...0m-the-target/

[Twiglet]

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Phil now saying Sevco going back to the stock exchange well for another £ 20 million.


http://www.philmacgiollabhain.ie/rif...0m-the-target/

Going by what Phil says about the requirement of having money y to run the company for 18 months surely they fall short at the first hurdle.

[ballengeich]

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Phil now saying Sevco going back to the stock exchange well for another £ 20 million.


http://www.philmacgiollabhain.ie/rif...0m-the-target/

I don't think Phil wrote that. For one thing there are paragraphs containing more than one sentence.
Edit - he didn't. There's a credit to Tom Winnifrith who seems to be a financial blogger.

Regardless of where it's been lifted from I can't see institutions being interested. I could understand, just, why a few fund managers working in high risk areas thought Green's IPO was worth a punt, but the prospect of any return through dividends now looks remote.

[JeMeSouviens]

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I don't think Phil wrote that. For one thing there are paragraphs containing more than one sentence.
Edit - he didn't. There's a credit to Tom Winnifrith who seems to be a financial blogger.

Regardless of where it's been lifted from I can't see institutions being interested. I could understand, just, why a few fund managers working in high risk areas thought Green's IPO was worth a punt, but the prospect of any return through dividends now looks remote.

http://www.shareprophets.com/views/1...n-to-be-raised

[ballengeich]

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http://www.shareprophets.com/views/1...n-to-be-raised

Thanks.

[GreenLake]

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Phil now saying Sevco going back to the stock exchange well for another £ 20 million.


http://www.philmacgiollabhain.ie/rif...0m-the-target/

It's on the same day as the rights issue from Marconi plc.

[brog]

I didn't want to perpetuate another Scott A thread so thought I would post this here. There's a snippet buried away in today's DR which says SA is close friends with Graeme Park, the newly appointed hereditary peer, I mean director, at Sevco. It also says SA was GP's guest at champions League final & Sevco are gobsmacked at his betrayal!. Looks like the tapping up may have started a while back!

[JimBHibees]

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I didn't want to perpetuate another Scott A thread so thought I would post this here. There's a snippet buried away in today's DR which says SA is close friends with Graeme Park, the newly appointed hereditary peer, I mean director, at Sevco. It also says SA was GP's guest at champions League final & Sevco are gobsmacked at his betrayal!. Looks like the tapping up may have started a while back!

Maybe taking Scott to a Champions league game might not have been the best way of getting him to sign for Rangers.

[Bostonhibby]

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I didn't want to perpetuate another Scott A thread so thought I would post this here. There's a snippet buried away in today's DR which says SA is close friends with Graeme Park, the newly appointed hereditary peer, I mean director, at Sevco. It also says SA was GP's guest at champions League final & Sevco are gobsmacked at his betrayal!. Looks like the tapping up may have started a while back!

Don't doubt it, It worked out well for them though eh.

Jeez the rangers can't even do tapping up properly now - would never have happened if it'd been the now defunct glasgow rangers.

[greenginger]

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I didn't want to perpetuate another Scott A thread so thought I would post this here. There's a snippet buried away in today's DR which says SA is close friends with Graeme Park, the newly appointed hereditary peer, I mean director, at Sevco. It also says SA was GP's guest at champions League final & Sevco are gobsmacked at his betrayal!. Looks like the tapping up may have started a while back!

Does he say what year the invitation was made ?

[Mr White]

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Maybe taking Scott to a Champions league game might not have been the best way of getting him to sign for Rangers.

aye just putting ideas in his head.

[Onion]

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Maybe taking Scott to a Champions league game might not have been the best way of getting him to sign for Rangers.

Was there a gentleman's agreement by any chance 😄

[brog]

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Maybe taking Scott to a Champions league game might not have been the best way of getting him to sign for Rangers.

Mind you, TBF, I think Sevco have as much chance as Celtc of making the CL Final! Funny as !!!! though!

[Spike Mandela]

Chris McLaughlin (@BBCchrismclaug)
31/08/2015 20:02
Former #Rangers CEO Charles Green to be interviewed by Police Scotland tomorrow. Likely he'll face charges relating to his time at club

[hibees 7062]

The tramps have had a 150k bid for Ali Crawford rejected