Generic Sevco / Rangers meltdown thread

[snedzuk]

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He is owed £5m, which is secured against various assets. In the event of their sale, the first £5m would go to him.

He would be entitled to take possession of them, I think, but (and this is where my legal knowledge is sketchy) probably only where the value was less than £5m. That's like a bank repossessing a house in the event of a defaulted mortgage.


ATM, I've no thoughts as to which would be better for him.

More to the point, we're on page 999, guys. Shall we just stop here?

Dont stop now - the really good part could be just around the corner

[Juice-Terry]

Is this the first thing on p. 1,000?

[Juice-Terry]

Damn.

[Col2]

I think it's bubbling under very nicely. Looks like King is getting a little desperate. I am expecting a call out soon for 2nd half season tickets.

[CropleyWasGod]

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Naw, getting to 1,000 would be grand.

I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

[spike220]

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I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

Almost up to page 1000 already!

[Geo_1875]

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Almost up to page 1000 already!

Are we there yet?

[Geo_1875]

Oh come on!!!

[Mikey09]

Ok. Can someone tell me where The Rangers stand just now re money, Ashley etc. Basically what's going on in simple terms... CWG?

[Moulin Yarns]

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I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

I think every number has some significance in Chinese culture.

I started working for my current employer on 8/8/88

The number 8 is a symbol of wealth and prosperity, and that's where it falls down!!

http://www.travelchinaguide.com/intro/lucky-number8.htm

[southern hibby]

Bagsy first post on the 1000th page.

Also predict a riot when poo hits the air conditioning
And predict at least another 1000 pages to go before this sorry little saga is over.


GGTTH

[southern hibby]

There shows my powers of initiation lol.


GGTTH

[southern hibby]

Or even intuition

GGTTH

[Jack]

What difference does it make if Ashley can appoint the Liquidator? Or whatever!

[Ozyhibby]

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He is owed £5m, which is secured against various assets. In the event of their sale, the first £5m would go to him.

He would be entitled to take possession of them, I think, but (and this is where my legal knowledge is sketchy) probably only where the value was less than £5m. That's like a bank repossessing a house in the event of a defaulted mortgage.

ATM, I've no thoughts as to which would be better for him.

More to the point, we're on page 999, guys. Shall we just stop here?

He already owns all the intellectual property associated with Rangers. The name, the badges, mascots etc.
Whoever tried to put a CVA together would have to deal with MA if the wanted the third club to be called Rangers.
He also has a security over all Land and Buildings except Ibrox. The ownership of all these assets is also still in dispute in the courts and likely to remain so for a while. Could make a CVA tricky.


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[Ozyhibby]

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What difference does it make if Ashley can appoint the Liquidator? Or whatever!

Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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[Moulin Yarns]

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Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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Another Duff and Phelps situation do you think??

[greenginger]

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Another Duff and Phelps situation do you think??

More likely Bryan Jackson, just as happy to ignore the rules but seen as the saver of football clubs.

[Moulin Yarns]

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More likely Bryan Jackson, just as happy to ignore the rules but seen as the saver of football clubs.

More likely to be Keith Jackson

[EskbankHibby]

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I'm just back from China, where I was constantly reminded of the importance of the number 9 in Daoist theology. The Forbidden City, for example, was designed to have 9,999 rooms; there are also often 9 steps leading up to temples.

The reasoning is that only the Almighty, in whatever name, has the right to the "perfect 10". The most that Man (even the Emperor) can hope to achieve is 9/99/999.

So, in that light, maybe we can stop this thread now, in the unshakeable belief that this is as good as it gets? To support that, if we turn 999 upside down, we have conclusive proof of what we knew all along about RFC.

Think we should Spinal Tap this up to 11.

[EdinMike]

Gonna call it now and say nothing will happen...

[Hibee87]

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Gonna call it now and say nothing will happen...

Canny see it myself either

[Geo_1875]

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Canny see it myself either

It is fun while it goes on though.

[Moulin Yarns]

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Gonna call it now and say nothing will happen...

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Canny see it myself either

Have faith. Or at least enjoy the discomfort they are still experiencing.

[Jack]

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Not sure but as he is by far the biggest creditor and has the most security I assume he will have a strong say in who gets appointed.



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I thought as one of the conditions of the loan, or something else he gave them, that it is his decision who is selected for the role.

[IanM]

1000 pages and i've read every comment on every page.

just like to thak everyone for their contribution over the piece.. has been thoroughly enjoyable and with more gloom pending it'll only get better

[Jim Herriot]

I'm just waiting for the day this thread is closed and a new one started with a poll on "Should The The Rangers be allowed to join the Lowland league?"

[steakbake]

anyone else remember how many pages the calendar signing thread got to?

[Smartie]

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1000 pages and i've read every comment on every page.

just like to thak everyone for their contribution over the piece.. has been thoroughly enjoyable and with more gloom pending it'll only get better

It has been one of the biggest stories that will occur in Scottish sport - ever - and has been fascinating from the moment there were rumblings and rumours that there was something happening right through the big L, the boardroom wranglings and on to the present day.

I'd also like to thank the knowledgeable posters who have kept us "laymen" informed on the finer financial and legal details.

And not forgetting everyone who has chipped in with opinion and conversation along the way, whether knowledgeable or not.

Hopefully this one has a good bit to run yet.

[Dashing Bob S]

Rangers are obviously too big to go away forever, unfortunately.

However, they've got themselves into an awful mess and the ramifications of that will be felt by them for decades to come.