Generic Sevco / Rangers meltdown thread

[Ozyhibby]

I think Rangers First have been a bit more successful and have about £500k to invest in shares but have not been able to since the delisting. They would need to change their rules if they are going to just donate it to the club though, as buying shares just gives money to the seller. The club can't issue new share just now.
And £500k would only last about 10 days anyway.


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[Keith_M]

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

Did'nt work either.

It's all this new fangled technology mate, it's harder than people think

[greenginger]

https://johnjamessite.wordpress.com/...losive-rumour/


According to Johnjames the begging bowl is out.

Trouble for Sevco is , that to get the fans pledging big time, they have to admit its a crisis.

[Moulin Yarns]

Did anyone see something in a tabloid newspaper this morning saying Craig Whyte is getting legal aid?

[Jonnyboy]

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Did anyone see something in a tabloid newspaper this morning saying Craig Whyte is getting legal aid?

Just googled it and found this

http://www.dailyrecord.co.uk/news/sc...-whyte-6704006

[CropleyWasGod]

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Did anyone see something in a tabloid newspaper this morning saying Craig Whyte is getting legal aid?

Yep.

AFAIK, he's been or is soon to be sequestrated. In that light, he's entitled to it.

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[HoboHarry]

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Yep.

AFAIK, he's been or is soon to be sequestrated. In that light, he's entitled to it.

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Rangers fans have wanted to do that to him for ages. Oh wait that's something else........

[greenginger]

http://www.dailyrecord.co.uk/opinion...longer-6703468


Keith Jackson in the Daily ****** asking questions about where the money is going to come from.

All very low key, obviously don't want to spook the People.

[Kato]

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http://www.dailyrecord.co.uk/opinion...longer-6703468


Keith Jackson in the Daily ****** asking questions about where the money is going to come from.

All very low key, obviously don't want to spook the People.

"Rangers are no longer a freakshow...."


...so it's just an opinion piece.

[Ozyhibby]

All very gentle that. Second last paragraph is the most important.

'One thing is certain, Rangers require money from somewhere. And soon.'




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[JimBHibees]

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http://www.dailyrecord.co.uk/opinion...longer-6703468


Keith Jackson in the Daily ****** asking questions about where the money is going to come from.

All very low key, obviously don't want to spook the People.

But he will be able to claim another sports reporter of the year award on the back of it.

[greenginger]

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But he will be able to claim another sports reporter of the year award on the back of it.

Club spend £ 24 million, Club income £ 16 million = Deficit.

Is there a Nobel Prize for Arithmetic he could win. ?

[Ozyhibby]

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But he will be able to claim another sports reporter of the year award on the back of it.

Preparing the ground for the Record to say we warned you all along that Dave King was a wrong 'un.


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[bingo70]

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Club spend £ 24 million, Club income £ 16 million = Deficit.

Is there a Nobel Prize for Arithmetic he could win. ?

He says in that article the shortfall will likely be met with soft loans from king and couple of other people.

That seems the likely scenario to me, no chance they'll go into admin again anytime soon imo.

[brog]

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He says in that article the shortfall will likely be met with soft loans from king and couple of other people.

That seems the likely scenario to me, no chance they'll go into admin again anytime soon imo.

There's more chance of them going into admin than of getting money from King IMO. The thing is, they've been looking for a loan from anywhere without success until now. Will King's buddies continue to divi up when the man himself & others obviously won't? How long do they continue to throw good money after bad? Lots more fun to come!

[StevieC]

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http://www.dailyrecord.co.uk/opinion...longer-6703468


Keith Jackson in the Daily ****** asking questions about where the money is going to come from.

All very low key, obviously don't want to spook the People.

That article smacks of "I'm on your side, gonie let me in oan some o' yer secrets fir ma paper?"

"The truth of the matter is no-where near as dramatic. Yes, Rangers will need more money to get through the current campaign and that cash - probably something between £2m and £3m - will almost certainly come in the form of further soft loans from King and co-investors George Letham, Douglas Park, George Letham and George Taylor."

How does he know "how dramatic" the money issues are?
How does he know how much they need?
"Will almost certainly" sounds like "there is NO other option".

I could dissect the rest of the article along a similar vein, but frankly I've got better things to do with my time.

[PatHead]

Probably just preparing them for the begging bowl which is about to come out. It will be the first stage of MSM campaign for more money.

[jacomo]

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There's more chance of them going into admin than of getting money from King IMO. The thing is, they've been looking for a loan from anywhere without success until now. Will King's buddies continue to divi up when the man himself & others obviously won't? How long do they continue to throw good money after bad? Lots more fun to come!

King is entitled to minimise his own exposure and try every other avenue first, before putting in more of his own cash. Does he have a few mill to put in? Who knows, but he's certainly bragged about his wealth enough.

However, this is undeniably a long way from the 'over-investment' he promised when he was battling to gain control of the club.

[Smartie]

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King is entitled to minimise his own exposure and try every other avenue first, before putting in more of his own cash. Does he have a few mill to put in? Who knows, but he's certainly bragged about his wealth enough.

However, this is undeniably a long way from the 'over-investment' he promised when he was battling to gain control of the club.

Are there not issues with the "mobility" of King's cash?

I seem to remember there being issues (tax-related?) with his wealth being based in South Africa and the difficulty he would have bringing it to the UK?

[Spike Mandela]

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http://www.dailyrecord.co.uk/opinion...longer-6703468


Keith Jackson in the Daily ****** asking questions about where the money is going to come from.

All very low key, obviously don't want to spook the People.

A very very low key piece which sounds to me like it's straight from Rangers PR and is preparing the readership of this Rangers fanzine for some sort of strategy announcement in the next week or so.

It will probably announce another raft of 'investment' from King (ie a loan) but somewhere stuck in the flowery blurb will be some way of the fans putting in their money.

I think they are skint.

[PatHead]

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Are there not issues with the "mobility" of King's cash?

I seem to remember there being issues (tax-related?) with his wealth being based in South Africa and the difficulty he would have bringing it to the UK?

Think the problem with the "mobility" of the cash is he doesn't have it anymore. If he did have it he would have known about the problems in getting money out of South Africa. Remember this guy is a glib and shameless liar.

[steakbake]

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A very very low key piece which sounds to me like it's straight from Rangers PR and is preparing the readership of this Rangers fanzine for some sort of strategy announcement in the next week or so.

It will probably announce another raft of 'investment' from King (ie a loan) but somewhere stuck in the flowery blurb will be some way of the fans putting in their money.

I think they are skint.

They're gearing up to ask The People (aka Real Rangers Men) to stump up some cash. Thing is, there's no way that they'll be able to fund the running of The Rangers from the pocket money of a few of their fans - or at least not in the long run. When King came in, he made it clear that the club needed serious investment.

Funny, many of the bloggers who have been panned over the last few months/years have made the same point: it's a loss making business with no credit line. King said he would "over invest" but there's no money coming forward. The likes of Jackson now asking gentle questions is a bit late. Day one when King came in, they should have been asking these questions: what's the plan, where's the investment going, how will ends be met... but no, instead we've just had the fawning media and the Warburton Revolution (TM) and the infiltration of puff pieces that Level 5 PR Ltd have approved of.

They are skint. Depending on what happens with Cheerful Charlie, they might find that fans are simply pouring money in to pay Green's legal bill.

[ancient hibee]

Similarly if they do raise some cash from soft loans(soft in the head more likely)any future share issue is going to be hard going if it's just going to be used to pay back the loans.

[Ozyhibby]

http://www.philmacgiollabhain.ie/an-...-radar-crisis/


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[steakbake]

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http://www.philmacgiollabhain.ie/an-...-radar-crisis/


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I think the stock response is usually "he's got an agenda". Strangely, though, I kind of trust MacGiollabhain to be at least asking the questions that journos like Jackson are only now just beginning to hint at.

[Hibee87]

Ive no idea who this guy is, or how credible he is. BUT if he is correct and the rangers don't pay their full wages what is the punishment MEANT to be for this?

I seem to remember after hearts and the first rangers (r.i.p) saga the rules were changed and there was sanctions against if it happened, and if it occurred concurrently then it was worse each time.

[Brunswickbill]

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Ive no idea who this guy is, or how credible he is. BUT if he is correct and the rangers don't pay their full wages what is the punishment MEANT to be for this?

I seem to remember after hearts and the first rangers (r.i.p) saga the rules were changed and there was sanctions against if it happened, and if it occurred concurrently then it was worse each time.

Rule E19 Club in remuneration default is not allowed to register players until default has been resolved

spfl.co.uk/docs/067_324__therulesofthespfl_1375800603.pdf

[Hibee87]

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Rule E19 Club in remuneration default is not allowed to register players until default has been resolved

spfl.co.uk/docs/067_324__therulesofthespfl_1375800603.pdf

Ah right cheers, knew it was something

[Thecat23]

No dough at Sevco, or there is no dough at Sevco, NOOO DOOUGH AT SEEEVCO or there is no dough at Sevco!!!!

[southsider]

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No dough at Sevco, or there is no dough at Sevco, NOOO DOOUGH AT SEEEVCO or there is no dough at Sevco!!!!

Now THAT is a perfect song for Sunday. Their cash has disappeared quicker than Scott Allan's first team chances.