Generic Sevco / Rangers meltdown thread

[CropleyWasGod]

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But would still have a chance of finishing fourth.

... and, conversely, given that they would have to shed a few players, they might manage the play-offs at the other end.

Remember, too, it would be 25 points of a deduction next season as well.

[Ozyhibby]

RangerFirst need permission of the membership to buy anything but shares.
They still have not done that yet so they are a bit away from handing over any cash.


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[Dashing Bob S]

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1. I'd reckon that the parent company would go first, but often in these situations it's a deck of cards, and associated companies follow. I'm not sure that the subsidiary would be all that attractive to a potential buyer, given the history and doubt about ownerships etc.

2. I'm still sticking to my gut feeling (and it's no more than that) that they will manage to get to the end of the season. However, using my head, there is no doubt that the legal costs are, like you say, making it increasingly difficult for them.

I think they'll probably sell one or two assets (Tavernier, Waghorn or Wallace) to make sure they are okay. Then they will smokescreen the gullible, with the help of the Daily Record etc with nonsense about 'war chests' and a couple of set-up-to-fail bids for players from other clubs. This to be followed by nonsense like 'we won't be held to ransom' or 'because it's Rangers they think they can charge more' with more 'war chest' bluster for when they reach the Premier.

I don't think they'll go into admin, though I obviously hope so, but I do think they'll be a bit weaker in the second half of the season.

[Ozyhibby]

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I think they'll probably sell one or two assets (Tavernier, Waghorn or Wallace) to make sure they are okay. Then they will smokescreen the gullible, with the help of the Daily Record etc with nonsense about 'war chests' and a couple of set-up-to-fail bids for players from other clubs. This to be followed by nonsense like 'we won't be held to ransom' or 'because it's Rangers they think they can charge more' with more 'war chest' bluster for when they reach the Premier.

I don't think they'll go into admin, though I obviously hope so, but I do think they'll be a bit weaker in the second half of the season.

I really don't think they will be in control by the end. I think they will be overwhelmed by the avalanche of legal bills going out and an inability to secure funding created by all the uncertainty.
Even without the legal bills they need £2.5m + £0.4m to finish the season.
If the have to pay Green's legal fees then that will be another £0.5m but could rise way higher (John James estimates £5m but I think that's a bit high). In the end I think events will overtake any plan they might have.


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[PatHead]

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I really don't think they will be in control by the end. I think they will be overwhelmed by the avalanche of legal bills going out and an inability to secure funding created by all the uncertainty.
Even without the legal bills they need £2.5m + £0.4m to finish the season.
If the have to pay Green's legal fees then that will be another £0.5m but could rise way higher (John James estimates £5m but I think that's a bit high). In the end I think events will overtake any plan they might have.


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I often hear from business people who have seen their business fail words to the effect that they tried to hang on too long thinking an upturn was just around the corner and they should have gone to the wall earlier as looking back on it, it was never going to work.

Wonder when they will reach that point as every time they get past one benchmark another two (court cases or dodgy businessmen) appear.

I am struggling to see how they get out of this and how they can generate the income they need to survive without income from merchandising, jersey sponsorship and eventual repayment of loans. Not to mention investing in the new players they need.

Not going to lose sleep over it though.

[PatHead]

According to the BBC David Cunningham King paid a visit to the SPFL today. He says it was a courtesy call.

Wonder what was discussed.

Can we get our prize money early please as we are going to win the league or how dare a referee not give us a penalty in the last minute, do you not know who we are?

[southsider]

Ozy is a star for posting jj & phil's blogs. Great stuff.

[Bostonhibby]

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According to the BBC David Cunningham King paid a visit to the SPFL today. He says it was a courtesy call.

Wonder what was discussed.

Can we get our prize money early please as we are going to win the league or how dare a referee not give us a penalty in the last minute, do you not know who we are?

Handing the Xmas wine bottles in early just in case?

Maybe just fancied slapping a few about?

[Ozyhibby]

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Ozy is a star for posting jj & phil's blogs. Great stuff.

Careful, I have a reputation to protect.


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[SanFranHibs]

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According to the BBC David Cunningham King paid a visit to the SPFL today. He says it was a courtesy call.

Wonder what was discussed.

Can we get our prize money early please as we are going to win the league or how dare a referee not give us a penalty in the last minute, do you not know who we are?

Yes....but who was doing the 'curtseying'?

[Ozyhibby]

http://m.bbc.co.uk/sport/football/34...medium=twitter

Does anyone believe this?


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[southsider]

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http://m.bbc.co.uk/sport/football/34...medium=twitter

Does anyone believe this?


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So the SFA passed King F & P and never met him ? Says it all really.

[Deansy]

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Problem for the SFA is that everyone is watching now and they are aware that people may ask questions. They will have to not only be whiter than white but to be seen so.

Wonder who will take the bullet for the SFA with a nice payoff?

I'm rather hoping that, once all the court-cases are done, our game gets a complete overhaul of the governing-body with NO-ONE left over from the current shower of corrupt, bent, incompetent s*um !!

Replaced by a mixture of honest football-people (ex-players/managers), business-people and some room left for fan-representation - maybe wishful thinking but ideally people who want to do the job for the good of the game and NOT the current job-requisite which is - 'What's in it for me ??'

[Hibs Class]

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http://m.bbc.co.uk/sport/football/34...medium=twitter

Does anyone believe this?


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DCK probably does - he has the look of someone who has been a stranger to the truth for so long that he may genuinely believe what he's saying and therefore would be amazed to learn that others didn't. Glib and shameless is probably right.

[CropleyWasGod]

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So the SFA passed King F & P and never met him ? Says it all really.

That's not what he said

He was meeting the SPFL.

[Keith_M]

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D(i)CK probably does - he has the look of someone who has been a stranger to the truth for so long that he may genuinely believe what he's saying and therefore would be amazed to learn that others didn't. Glib and shameless is probably right.

Fixed that for you

[Jack]

It's been noted that when the Lying King is jailed the time he spends behind bars will count against his tax free days in the UK.

Does he make any money in the UK?

[Kavinho]

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http://m.bbc.co.uk/sport/football/34...medium=twitter

Does anyone believe this?


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Glib and Shameless Lie, I'd "posit" (seems to be the annoying word of the moment)


Far more likely a debrief on a recent court decision by Lady Wolfe.
I'd wager..

[JeMeSouviens]

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It's been noted that when the Lying King is jailed the time he spends behind bars will count against his tax free days in the UK.

Does he make any money in the UK?

Doesn't matter where it's earned. If he's resident here, HMRC will want some.

[Spike Mandela]

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http://m.bbc.co.uk/sport/football/34...medium=twitter

Does anyone believe this?


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I'm sure King, the SFA and the SPFL will be getting their stories straight and no doubt making good use of shredders.

[Kato]

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I'm sure King, the SFA and the SPFL will be getting their stories straight and no doubt making good use of shredders.

Yeah, the "I'm just here to say hello" line sounds glib and shameless given what is going on.

[jacomo]

Hope the BBC reporter hangs around for a wee word with Neil Doncaster when he leaves the office.

[steakbake]

It will have been for some kind of shifty purpose, almost guaranteed. We'll never know. The fact that people are suspicious says a lot about the way footie is run.

[Jim44]

The thread on FF questioned the dickhead reporter asking awkward questions of Lying King, till someone said it was Richard Wilson, an ally of Sevco. Cue embarrassing backtracking.

[Ozyhibby]

http://www.dailyrecord.co.uk/sport/f...-blast-6899984

Statement from MASH


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[ehf]

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I often hear from business people who have seen their business fail words to the effect that they tried to hang on too long thinking an upturn was just around the corner and they should have gone to the wall earlier as looking back on it, it was never going to work.

Wonder when they will reach that point as every time they get past one benchmark another two (court cases or dodgy businessmen) appear.

I am struggling to see how they get out of this and how they can generate the income they need to survive without income from merchandising, jersey sponsorship and eventual repayment of loans. Not to mention investing in the new players they need.

Not going to lose sleep over it though.

In the "normal" business world, the dilemma for directors of a company which is teetering on the brink of insolvency is the risk of being found liable for "wrongful trading" if they carry on when the company has no reasonable propspect of paying its debts as they fall due, in which case the directors can be made personally liable for the debts. That won't worry most of the shysters on the Sevco board but I would imagine Stewart Robertson and one or two others will not be getting much sleep at the moment...

[Mr White]

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In the "normal" business world, the dilemma for directors of a company which is teetering on the brink of insolvency is the risk of being found liable for "wrongful trading" if they carry on when the company has no reasonable propspect of paying its debts as they fall due, in which case the directors can be made personally liable for the debts. That won't worry most of the shysters on the Sevco board but I would imagine Stewart Robertson and one or two others will not be getting much sleep at the moment...

Fly with crows and lay down with dogs and you'll get shot full of fleas

[Ozyhibby]

http://www.prnewswire.co.uk/news-rel...553762691.html

For those who don't read the Record


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[Scorrie]

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It's been noted that when the Lying King is jailed the time he spends behind bars will count against his tax free days in the UK.

Does he make any money in the UK?

He might make a few quid sewing mail bags....

[CropleyWasGod]

Ozy !

Just been thinking about Court cases. Did the Charlotte Fakes guy have his day in Court?

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