Generic Sevco / Rangers meltdown thread

[Real Emerald]

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Your in a different planet if you think Scottish Football is going to kill off Rangers. The company stuff is irrelevant the SPLF & SFA just won't kill off half the old firm. I doubt that even Hibs would vote them out of existence. Scottish football needs them as it needs all its big clubs

No, I'm quite aware of what will happen but the question needs to be asked. If the SPFL/SFA have a set of rules and criteria for a football club to satisfy in order to join and its proved in a criminal court they lied, set the company up by fraud, how can they keep their right to continue membership?

[CropleyWasGod]

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No, I'm quite aware of what will happen but the question needs to be asked. If the SPFL/SFA have a set of rules and criteria for a football club to satisfy in order to join and its proved in a criminal court they lied, set the company up by fraud, how can they keep their right to continue membership?

The club's defence will be that the people accused have nothing to do with the club as it is now.





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[Real Emerald]

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The club's defence will be that the people accused have nothing to do with the club as it is now.





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I knew that would be the answer, the old victims again nonsense. If they got their membership through alleged lies and (huge) fraud, in any other organisation that would result in expulsion.

[Keith_M]

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The club's defence will be that the people accused have nothing to do with the club as it is now.

I think that's a fair argument but the counter argument would be that the Club calling itself Rangers only exist because of fraud, therefore should not be allowed to retain the SFA licence they fraudulently received.

I think the SFA/SPFL will be quite happy to overlook that and allow them to continue as if none of it ever happened.



On another note: I'm now convinced that Craig Whyte is not skint after all, as many News Outlets would have you believe. My evidence is the Arm Candy that accompanied him to the High Court. That kinda girl doesn't hang about with poor people. I'm not the least bit jealous.... ;-)

[Moulin Yarns]

The Hootsmon is reporting the charges this morning.

http://www.scotsman.com/news/scotlan...#axzz3ooCxYH00

Any of the experts know what it means about the Wavetower Bank of Scotland deal? Why it contravenes the Companies Act?

[Bostonhibby]

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The club's defence will be that the people accused have nothing to do with the club as it is now.





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It's the old "bad men did it and then they ran away defence" again - Scottish football authorities are happy to see it pleaded by the yam and the now defunct Glasgow rangers.

To be fair you could hardly call the last four of five messiahs to land at Ibrox good men and Vladimir Romanov has taken villainy and exploitation of the gullible to another level entirely.

[Glesgahibby]

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No, I'm quite aware of what will happen but the question needs to be asked. If the SPFL/SFA have a set of rules and criteria for a football club to satisfy in order to join and its proved in a criminal court they lied, set the company up by fraud, how can they keep their right to continue membership?

This is the key😋
non bias journalists,social media and time will eventually force this issue to the surface.
how long it will take does not matter because the truth will out eventually

[Alan62]

Magnificent reporting from the Scotsman, including this dreadful zeugma: "Mr Whyte, of Lancashire, arrived at the legal complex with long hair, a smart single breasted suit in the company of a woman."

Totally agree that the 'arm candy' isn't the type to hang around with penniless punters. Old Craigy has a nice we stash somewhere.

Think there's an interesting twist on the failure to disclose his disqualification as a company director to the SFA's 'fit and proper' hearing. Frankly if a convicted tax fraudster is 'fit and proper' then it's debatable whether or not a previous (and presumably served) ban from being a company director would have had any impact on the SFA's test. Especially if that man was a Rangers man and had off the radar wealth.

[Eyrie]

Is it just me or does anyone else think Whyte looks like Rik Mayall?

[s.a.m]

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Is it just me or does anyone else think Whyte looks like Rik Mayall?

Absolutely full-on Alan *******.

[Jim44]

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It's the old "bad men did it and then they ran away defence" again - Scottish football authorities are happy to see it pleaded by the yam and the now defunct Glasgow rangers.

To be fair you could hardly call the last four of five messiahs to land at Ibrox good men and Vladimir Romanov has taken villainy and exploitation of the gullible to another level entirely.

Sadly this is the case and no matter who the villains are of were, the top priority will be the well being and future stability of the football club.

[marinello59]

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Sadly this is the case and no matter who the villains are of were, the top priority will be the well being and future stability of the football club.

As we saw with Hearts that applies to any club though. It's really hard to actually kill off a football club in the UK. Leeds and Portsmouth spring to mind as well.

[Lago]

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Sadly this is the case and no matter who the villains are of were, the top priority will be the well being and future stability of the football club.

Yip deep clean and sanitising to follow from various media sources.

[Betty Boop]

Eye Candy eh?

[greenginger]

JohnJames saying King has organised a Foundation of Hearts type scheme, pulling in direct debits from supporters and the Rangers Trust in return for shares to be issued in the future .

https://johnjamessite.wordpress.com/...ds-on-the-fly/

[CropleyWasGod]

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JohnJames saying King has organised a Foundation of Hearts type scheme, pulling in direct debits from supporters and the Rangers Trust in return for shares to be issued in the future .

https://johnjamessite.wordpress.com/...ds-on-the-fly/

Working my way through his negativity about such a scheme, I think it might be a decent earner for them.

If Hearts can raise £120k per month, Rangers might be able to get about £4-500k. Not to be sniffed at.

[greenginger]

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Working my way through his negativity about such a scheme, I think it might be a decent earner for them.

If Hearts can raise £120k per month, Rangers might be able to get about £4-500k. Not to be sniffed at.

True, but is it legal for a PLC company to have its future pre-sold without a share holders vote at least.

[CropleyWasGod]

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True, but is it legal for a PLC company to have its future pre-sold without a share holders vote at least.

Fair point.

But it wouldn't take much fancy-footwork to set up an HSL-type company to feed in the cash in the short term, and then deal with the future implications when they're... koff... back in the Premiership.

As we know, the ordinary punters aren't interested in returns on investments. 20k of them putting in £20 a month to "save wir club" ?... nae borra, big man.

[PatHead]

Wonder when the fans will waken up and smell the coffee that King is a convicted fraudster.

Maybe if it looks like Hibs are going to give them a title race and it won't be over by February? Perhaps they will then start looking for his £30m he was bringing in (that we all know he doesn't have).

I also wonder which one of the MSM will be the first to break ranks and question something?

[jacomo]

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On another note: I'm now convinced that Craig Whyte is not skint after all, as many News Outlets would have you believe. My evidence is the Arm Candy that accompanied him to the High Court. That kinda girl doesn't hang about with poor people. I'm not the least bit jealous.... ;-)

Wait and see her reaction when the cheque bounces.

[CropleyWasGod]

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Eye Candy eh?

Chivalry is not dead

[Keith_M]

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Eye Candy eh?

Nope, Arm Candy

[hibs0666]

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JohnJames saying King has organised a Foundation of Hearts type scheme, pulling in direct debits from supporters and the Rangers Trust in return for shares to be issued in the future .

https://johnjamessite.wordpress.com/...ds-on-the-fly/

I see that bloke has been outed as a Celtic fan.

[Ozyhibby]

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Fair point.

But it wouldn't take much fancy-footwork to set up an HSL-type company to feed in the cash in the short term, and then deal with the future implications when they're... koff... back in the Premiership.

As we know, the ordinary punters aren't interested in returns on investments. 20k of them putting in £20 a month to "save wir club" ?... nae borra, big man.

It looks very similar to the sort of share issue the yams had pre admin. Without shareholder consent that's all it can be.


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[Cropley10]

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I see that bloke has been outed as a Celtic fan.

has he? got a link?

Funny thing with Huns, anyone who tries to point out whats happening isn't one of them Charlie couldn't quite believe it and now the King is enjoying the same blindness.

[CropleyWasGod]

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It looks very similar to the sort of share issue the yams had pre admin. Without shareholder consent that's all it can be.


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Ach, where's your creative spirit?

[greenginger]

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Fair point.

But it wouldn't take much fancy-footwork to set up an HSL-type company to feed in the cash in the short term, and then deal with the future implications when they're... koff... back in the Premiership.

As we know, the ordinary punters aren't interested in returns on investments. 20k of them putting in £20 a month to "save wir club" ?... nae borra, big man.

I think they will have a bit of recruiting to do.

I guess The Rangers Supporters Trust was the main organisation for the fans contributions. Chris Graham is a board member there and got 24 hours on the Ibrox board before past indiscretions came to light.

I have had a hunt for their accounts. They are actually the Rangers Supporters Society Ltd, registered under the Societies Acts 1965-78.

file:///C:/Documents%20and%20Settings/Owner/My%20Documents/Downloads/Annual_Return_and_Accounts.pdf

Latest accounts to April 2014 show income as £17,401 and expenditure of £ 18,125, a loss of £724. Their revenue account has £19,193 in it.

Their fund raising for shares purchase has raised £ 310,715.00 and they have £ 7123 in the bank for further share acquisitions.

All this info. is at 5th April 2014, but they were formed in 2003 so they will need step up big time if they are to save the good ship Sevco.

[greenginger]

Try this link.





file:///C:/Documents%20and%20Settings/Owner/My%20Documents/Downloads/Annual_Return_and_Accounts.pdf

[Keith_M]

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Try this link.

file:///C:/Documents%20and%20Settings/Owner/My%20Documents/Downloads/Annual_Return_and_Accounts.pdf

That's a link to a file on your own Computer, Ginger

[greenginger]

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That's a link to a file on your own Computer, Ginger

Yeah, I bookmarked the download and when the first link did'nt work I tried my bookmarked page.

Did'nt work either.