Generic Sevco / Rangers meltdown thread

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

Who are they going to sell and who to?

Apart from Wallace I don't think they have any saleable assets in that team.

Maybe Celtc could buy Halliday to keep Scott Allan company.

Tavernier to Leeds rumour going about. Maybe get £500k for him tops.


Sent from my iPhone using Tapatalk

[Ronniekirk]

I am no expert but it does seem that King is just doing what the previous regime did and continually borrow bits here and there to try and get them through to the end of the season
and promotion and hole of more money coming in then However unlike the last regime he has courted the support and got a significant number back on side and is now fleecing or getting loans from Rangers First and still hawking himself around the Trusts and And other bigger Supporters organisations presumably trying to get soft loans from them given share issue for supporters is on back burner
I don't think King bargained for Ashley being so difficult to deal with but he is persisting with his strategy to make him the bad guy and persuade fans not to buy merchandise in hope presumably of brining him back to the table for discussions to renegotiate contracts in Rangers favour and somehow paying Ashley off ,but that doesn't appear to be working so at the very least you would
think the three bears will be looking at what s happening and questioning the current strategy .
No doubt more twists And turns to come ,but the more we can cast doubt they might not win the Leaugue ,the more disharmony behind the scenes there will be .
All that arrogant talk of them winning the Leaugue like hearts did last year ,and rightfully taking thier place at the top of Scottish football which has struggled without thier leadership ,is coming home to roost .What was it they said We only need five new players to add to this squad ,and we will be challenging Celtic next season .The fans lapped it up at the start ,but some that I know have been worried for a while now that they needed to strengthen squad ,and how they would achieve this in January .

It will be interesting to see what they do and how this all plays out , I had assumed they would just find a way to keep the show on the road till they were promoted but cracks are appearing and nobody knows the exact situation .

The Heirachy of Scottish Football must be wishing Ashley had never invested in Rangersas it's clear he is prepared to take them on as well and they probably hasn't bargained on that .

[Geo_1875]

This quote is hidden because you are ignoring this member. Show Quote

Tavernier to Leeds rumour going about. Maybe get £500k for him tops.


Sent from my iPhone using Tapatalk

Why would Leeds take him back? He can't defend and they've got better than him in other positions.

[jacomo]

I'm betting that Mike Ashley would see Rangers Retail go bankrupt before being forced back to the negotiation table by anybody.

Spectacular mis-calculation by King, who probably assumed that Sevco would get promoted last season and would now be challenging Celtc for the Premiership.

Reminiscent of Craig Whyte betting the farm on qualifying for the CL group stage.

[scoopyboy]

This quote is hidden because you are ignoring this member. Show Quote

We can only go on what's in the public domain.

Their recent accounts said that they needed £2.5m to get to the end of the season, and that the first tranche of that would be needed in December. How much that tranche is, and what it's needed for, we don't know.

We also don't know whether they have built in a contingency for losing the case over CG's legal fees, and how much they've budgeted for their own legal fees... which just got bigger this morning.

So...on the back of all of that.... I'm thinking aloud here.... "without selling a couple of players, WTF would that money come from?"

Rangers First have said that they "might" give them £500k..... but that's very wooly.

Anything else, such as the possible boardroom changes which may lead to more investment, is speculation IMO

Not in your league CWG when it comes to these things but I thought this morning it was Ashley vs SFA so how would it be costing Rangers money?

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

Not in your league CWG when it comes to these things but I thought this morning it was Ashley vs SFA so how would it be costing Rangers money?

According to one of the Tweets earlier, DK had someone representing him this morning. Presumably, s/he will have to attend the case in February.

[scoopyboy]

This quote is hidden because you are ignoring this member. Show Quote

According to one of the Tweets earlier, DK had someone representing him this morning. Presumably, s/he will have to attend the case in February.

Gotcha now CWG, told you I wasn't in your league.

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

Gotcha now CWG, told you I wasn't in your league.

There was also a rumour that the SFA would not be liable for any costs related to Sevco for a period of time as part of the 5 way agreement.


Sent from my iPhone using Tapatalk

[Ozyhibby]

https://johnjamessite.wordpress.com


Sent from my iPhone using Tapatalk

[PatHead]

This quote is hidden because you are ignoring this member. Show Quote

I'm betting that Mike Ashley would see Rangers Retail go bankrupt before being forced back to the negotiation table by anybody.

Spectacular mis-calculation by King, who probably assumed that Sevco would get promoted last season and would now be challenging Celtc for the Premiership.

Reminiscent of Craig Whyte betting the farm on qualifying for the CL group stage.

This whole saga is so reminiscent of the Murray last days/administration/liquidation/problems with Whyte/Green/et al.

If this was a series on tv you would be saying that it mirrored the first series and was now boring as you knew what was going to happen.

The only difference is you have a new character Big, bad Mike who you can't work out how he will show his hand.

The longer this goes on the more I think it could end up in administration as Big, Bad Mike can't just take the club due to the SFA rules.

Unless there is a change in rules forced by someone?

[Ozyhibby]

From John James:-
“By my calculation there are now 6 ongoing cases involving Rangers FC.”

James Doleman, who was at The Court of Session this morning, has offered a Twitter prize for those who can name all six. I can name six. There is the Green/Whyte criminal case; Green’s costs case; Ashley’s interim injunction; King’s contempt of court hearing on 9th December; a two day Judicial Review of the SFA’s decision to approve a career criminal as ‘fit and proper‘ and a damages suit by former players who missed out on holiday pay.

-------
That is going to cost Sevco a lot of money in lawyers fees on top of the £2.5m they need to finish the season, the £400k for LNS plus any costs associated with losing some of the above cases.


Sent from my iPhone using Tapatalk

[Brunswickbill]

Here's my effort

Sevco’s other fixture list -Court cases relating to Sevco
7-11 Dec 2106 Crown V White, Green and cronies – fraudulent acquisition of Oldco Preliminary hearing. London
9 Dec 2015 Ashley V King Contempt of Court for breaching gagging order. Chancery Court London
4 Feb 2016 Ashley V SFA Judicial Review of SFA fine of £1000 for dual ownership / undue influence on Sevco board. Court of Session
11 Feb 2106 Ashley V SFA Judicial Review of King being declared a fit and proper person. Court of Session
Date? Hearing on Interdict stopping Sevco AGM considering Resolution 11.
Date? Decision on Green’s claim on Sevco to pay his legal fees.
Date? Appeal on Big Tax Case. Await decision by BDO
Date? Worthington Group / Law Financial claim on Sevco assets.
Date? Employment Tribunal to hear claim for holiday pay by 2 Former Sevco players. Could be 5 figure sum to 4 ex-players if successful

Open to correction by anyone TK.

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

Here's my effort

Sevco’s other fixture list -Court cases relating to Sevco
7-11 Dec 2106 Crown V White, Green and cronies – fraudulent acquisition of Oldco Preliminary hearing. London
9 Dec 2015 Ashley V King Contempt of Court for breaching gagging order. Chancery Court London
4 Feb 2016 Ashley V SFA Judicial Review of SFA fine of £1000 for dual ownership / undue influence on Sevco board. Court of Session
11 Feb 2106 Ashley V SFA Judicial Review of King being declared a fit and proper person. Court of Session
Date? Hearing on Interdict stopping Sevco AGM considering Resolution 11.
Date? Decision on Green’s claim on Sevco to pay his legal fees.
Date? Appeal on Big Tax Case. Await decision by BDO
Date? Worthington Group / Law Financial claim on Sevco assets.
Date? Employment Tribunal to hear claim for holiday pay by 2 Former Sevco players. Could be 5 figure sum to 4 ex-players if successful

Open to correction by anyone TK.

That last one, there are 12 players due outstanding money and it's believed to be a 6 figure sum. Only 4 are pursuing it through court but if they win then I think Sevco have to pay them all.
This is a clear remuneration default that the SFA have chosen to ignore as its their club.


Sent from my iPhone using Tapatalk

[Deansy]

This quote is hidden because you are ignoring this member. Show Quote

From John James:-
“By my calculation there are now 6 ongoing cases involving Rangers FC.”

James Doleman, who was at The Court of Session this morning, has offered a Twitter prize for those who can name all six. I can name six. There is the Green/Whyte criminal case; Green’s costs case; Ashley’s interim injunction; King’s contempt of court hearing on 9th December; a two day Judicial Review of the SFA’s decision to approve a career criminal as ‘fit and proper‘ and a damages suit by former players who missed out on holiday pay.

-------
That is going to cost Sevco a lot of money in lawyers fees on top of the £2.5m they need to finish the season, the £400k for LNS plus any costs associated with losing some of the above cases.


Sent from my iPhone using Tapatalk

I was just sitting here wondering what actions/stance the SFA would be taking were it NOT the Hun involved in all these court-cases ?. After all, it's not really good for the image of our game, one club being perpetually involved in disputes/legal-actions etc.

Another thought occurred as well, I wonder if there's any danger, if all these legal-actions escalate, of their infamous 'Secret 5-way agreement' with the Hun being revealed ?. Now THAT would be a doozy were THAT to come out !!!

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

I was just sitting here wondering what actions/stance the SFA would be taking were it NOT the Hun involved in all these court-cases ?. After all, it's not really good for the image of our game, one club being perpetually involved in disputes/legal-actions etc.

Another thought occurred as well, I wonder if there's any danger, if all these legal-actions escalate, of their infamous 'Secret 5-way agreement' with the Hun being revealed ?. Now THAT would be a doozy were THAT to come out !!!

In the classic HBO box set that is "Sevco", that particular reveal will only happen in Episode 12 of Season 5.

We're still a few "mysterious deaths" and "sex-tape scandals" short of that one...

[Hibee87]

Ive read a few times about this 5 way agreement, what is this? I have no idea

[JeMeSouviens]

This quote is hidden because you are ignoring this member. Show Quote

Ive read a few times about this 5 way agreement, what is this? I have no idea

Agreement between SFA, SPL, SFL, Old Huns and Sevco.

It basically paved the way for Sevco to take over the Old Huns SFA membership and be admitted to SFL division 3 in exchange for taking over the "football debts" of the Old Huns and the punishments they were given for entering administration (fine and transfer embargo although the latter was almost completely neutered by moving it to after the transfer window). It also gives various guarantees to Sevco that they won't inherit any further punishments given to the Old Huns over EBTs etc.

I'm sure there at least draft copies floating about if not the full thing.

[JeMeSouviens]

Here you go:

http://www.sfm.scot/wp-content/uploa...ignature-1.pdf

[Deansy]

This quote is hidden because you are ignoring this member. Show Quote

Ive read a few times about this 5 way agreement, what is this? I have no idea

I prefer to call it the '5 deals we did with the Hun that if revealed, would finish us !!' agreement !!

[Hibee87]

Thanks guys, no even going to attempt to figure it out.......but surely someone should make mr ashely aware, if he has any grumblings about the SPFL/SFA/Whoever passed King as fit and proper im sure he could get his lawyers to find some dodgyness in there

[Gingertosser]

This quote is hidden because you are ignoring this member. Show Quote

Ive read a few times about this 5 way agreement, what is this? I have no idea

A draft copy was release by Charlottefakes a few years ago.

It was an agreement between Rangers (in liquidation) / Sevco / SPL / SFA / SFL.

Basically it said that if R(IL) or Sevco didn't take SPL/SFS/SFL to court, then they would not punish R(IL) or Sevco for EBT's or wrongful player registrations.

Seems to explain quite a lot these days......

[Sergey]

This quote is hidden because you are ignoring this member. Show Quote

Thanks guys, no even going to attempt to figure it out.......but surely someone should make mr ashely aware, if he has any grumblings about the SPFL/SFA/Whoever passed King as fit and proper im sure he could get his lawyers to find some dodgyness in there

The SPFL/SFA don't hold monopoly is passing some right dodgy geezers as 'fit & proper'. In no order, The FA and EPL have given the green light to:

Cellino - Leeds Utd
Shinawatra - Man City
Antonov - Portsmouth
Yeung <sp> - Birmingham City

I could list another handful in the lower leagues and these are only recent cases.

[Newry Hibs]

This quote is hidden because you are ignoring this member. Show Quote

A draft copy was release by Charlottefakes a few years ago.

It was an agreement between Rangers (in liquidation) / Sevco / SPL / SFA / SFL.

Basically it said that if R(IL) or Sevco didn't take SPL/SFS/SFL to court, then they would not punish R(IL) or Sevco for EBT's or wrongful player registrations.

Seems to explain quite a lot these days......

So .... no cups withheld or points deducted then?

[greenginger]

Details of today's case,



https://lefthooked.wordpress.com/201...l-association/


Interesting piece to towards the end,

Complaint against King that he had caused RFC to borrow from third parties and in doing so revealed the details of the confidential agreement between RFC/RangersRetail/Sportsdirect.

Now , could this be some other borrowing that we have not heard about. Three bears loan was well before the secrecy injunction.

[oldbutdim]

This quote is hidden because you are ignoring this member. Show Quote

Details of today's case,



https://lefthooked.wordpress.com/201...l-association/


Interesting piece to towards the end,

Complaint against King that he had caused RFC to borrow from third parties and in doing so revealed the details of the confidential agreement between RFC/RangersRetail/Sportsdirect.

Now , could this be some other borrowing that we have not heard about. Three bears loan was well before the secrecy injunction.

I'm missing that bit?

Was it not the Jim White 'interview' that the Lying King spilled the beans?

[Baldy Foghorn]

This quote is hidden because you are ignoring this member. Show Quote

I'm missing that bit?

Was it not the Jim White 'interview' that the Lying King spilled the beans?

It's very murky, and getting quite interesting, succulent lamb on the menu

[greenginger]

This quote is hidden because you are ignoring this member. Show Quote

I'm missing that bit?

Was it not the Jim White 'interview' that the Lying King spilled the beans?

I'm missing that bit now as well

Could swear I read that before I posted.

[Ozyhibby]

This quote is hidden because you are ignoring this member. Show Quote

Details of today's case,



https://lefthooked.wordpress.com/201...l-association/


Interesting piece to towards the end,

Complaint against King that he had caused RFC to borrow from third parties and in doing so revealed the details of the confidential agreement between RFC/RangersRetail/Sportsdirect.

Now , could this be some other borrowing that we have not heard about. Three bears loan was well before the secrecy injunction.

The SFA do not have a leg to stand on especially if they show up at court with a defence of 'it's none of your business'.
If they lose, Ashley could sue them for the millions he has lost since Dave King was allowed in by them.


Sent from my iPhone using Tapatalk

[CropleyWasGod]

RFC now demanding that every Court in Scotland has a Rangers end.

Sent from my GT-I9505 using Tapatalk

[jacomo]

This quote is hidden because you are ignoring this member. Show Quote

RFC now demanding that every Court in Scotland has a Rangers end.

Sent from my GT-I9505 using Tapatalk

Are they boycotting court-related merch though?