Generic Sevco / Rangers meltdown thread

[Hibrandenburg]

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Page 1066, on this thread. we could start a tapestry about the rise and fall of fitba' teams.

Wow I'm back in 799. How's things in 1066, have they gone bust yet?

[Hibee87]

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Good spot.

What fate will befall the King? It's been an epic saga but I feel the latest would be conquering hero might be close to defeat.

I think the King may end up with something fatal to his eye

[Springbank]

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King better keep an eye on the 'wee arrae peepul'.

Eye Ready

would make a good motto that

[brog]

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Exactly where I am too you learn plenty from this thread

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Page 1066, on this thread. we could start a tapestry about the rise and fall of fitba' teams.

It would be terrible if they went t*ts up on p 1690!

[Ozyhibby]

http://www.onfieldsofgreen.com/friends-like-these/


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[greenginger]

I see the confirmation that Douglas Park has rejoined the Board is now on the Companies House web site.

Interestingly, he has only rejoined the RIFC Board , and not the football club board as well.

I wonder if his return is more to do with keeping an eye on his loan than commitment to the Gers

[Ozyhibby]

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It would be terrible if they went t*ts up on p 1690!

They won't last that long unless the post rate goes through the roof in the next couple of months. The only way that would happen is if there are loads of court cases to cove......ah I see. Could happen.


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[Treadstone]

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http://www.onfieldsofgreen.com/friends-like-these/

Bomber Broon and green jelly. FFS!

[brog]

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I see the confirmation that Douglas Park has rejoined the Board is now on the Companies House web site.

Interestingly, he has only rejoined the RIFC Board , and not the football club board as well.

I wonder if his return is more to do with keeping an eye on his loan than commitment to the Gers

I said as much a while back. Only real question is, is it his official loan to Sevco or his unofficial one to DK that he's worried about!

[Ozyhibby]

https://johnjamessite.wordpress.com/...of-the-shrewd/


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[CropleyWasGod]

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https://johnjamessite.wordpress.com/...of-the-shrewd/


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Not sure about JJ's version of yesterday's meeting.

However, DK's body language in that clip is not of one who has just had a cosy chat. I'm no expert, but it looked like that of a man who has just had a shock.

[JeMeSouviens]

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Not sure about JJ's version of yesterday's meeting.

However, DK's body language in that clip is not of one who has just had a cosy chat. I'm no expert, but it looked like that of a man who has just had a shock.

Tbh, JJ & DK's versions of the meeting are equally implausible but it is the SPFL so who knows?

[Famous Fiver]

If Dave King did get his cage rattled at SPFL yesterday he was pretty glib and shameless in his description of the meeting to the media afterwards.

More grist to the JJ and PMcG mills?

[Libby Hibby]

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Not sure about JJ's version of yesterday's meeting.

However, DK's body language in that clip is not of one who has just had a cosy chat. I'm no expert, but it looked like that of a man who has just had a shock.

Why doubt JJ? His version of events to date have been pretty on the button...it's the failings of the SMSM to even report what is going on behind the scenes that will come home to roost in due course and they'll act as if it is all a surprise and that they had no idea of the impending problems despite the majority of fans from all clubs knowing what's really going on

[steakbake]

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If Dave King did get his cage rattled at SPFL yesterday he was pretty glib and shameless in his description of the meeting to the media afterwards.

More grist to the JJ and PMcG mills?

After rumours, grist is my favourite thing to find in any mill.

Looking at JJ's information there, I did think it a bit odd that Wilson was on hand and asked two quite specific questions.

There is no honour among thieves. I posit that JJ might not be far off with his information and the SPFL are starting to get a bit spooked that if Ashley takes King apart in public, the chair might very well be kicked from under them, too.

[Ozyhibby]

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Not sure about JJ's version of yesterday's meeting.

However, DK's body language in that clip is not of one who has just had a cosy chat. I'm no expert, but it looked like that of a man who has just had a shock.

DK looked very rattled in that clip. For such a practised liar who looked very unsure of himself.


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[Moulin Yarns]

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-34932541



BOOOOOOOOO!!

[jacomo]

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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-34932541



BOOOOOOOOO!!

Disappointing.

[scoopyboy]

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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-34932541



BOOOOOOOOO!!

Chuckles will appeal the decision.

[Libby Hibby]

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http://www.bbc.co.uk/news/uk-scotland-glasgow-west-34932541



BOOOOOOOOO!!

So, they now have a court ruling that they are a new club, hilarious

[jacomo]

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Why doubt JJ? His version of events to date have been pretty on the button...it's the failings of the SMSM to even report what is going on behind the scenes that will come home to roost in due course and they'll act as if it is all a surprise and that they had no idea of the impending problems despite the majority of fans from all clubs knowing what's really going on

JJ claims he's a Rangers fan and I just don't buy it.

I can't see Neil Doncaster laying down the law to anyone either.

But it does seem plausible that the SPFL reminded King about the outstanding fine and costs, and tipped off the journo about the meeting.

I imagine they will try to settle that bill today or tomorrow, now they've had good news about Chuckie's legal fees, and proclaim at the AGM that any threat of title stripping has now been dealt with decisively.

Neil Doncaster might put out a statement to that effect too.

[southern hibby]

Don't know much about law, however this is a guess here.
If an appeal is applied for and it takes let's say 2-3 months to go through. Then if The Rangers have set any money aside for this they will have to keep it to one side just invade they loose the appeal.

If this is the case then that means they may have to sell and not have this money that they have put aside available to them in the transfer window if indeed they do have it.

So this could be a very very good outcome for us. Let's just hope he appeals so more money is tied up in legal fees.

GGTTH

[CropleyWasGod]

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Don't know much about law, however this is a guess here.
If an appeal is applied for and it takes let's say 2-3 months to go through. Then if The Rangers have set any money aside for this they will have to keep it to one side just invade they loose the appeal.

If this is the case then that means they may have to sell and not have this money that they have put aside available to them in the transfer window if indeed they do have it.

So this could be a very very good outcome for us. Let's just hope he appeals so more money is tied up in legal fees.

GGTTH

It's a fair point.

However, I don't think that they DID have the money set aside. For me, if they had lost this case, December would have been extremely difficult for them, and might have started a few dominoes tumbling.

If CG appeals, they still won't (can't?) set aside the potential loss. They will (or will have to) play French-cricket with their bills until that appeal is settled.

On the costs, I am not sure if any order was made by the Court. Does CG have to pick up the tab on this one?

[CropleyWasGod]

This is what has been published.

http://www.scotland-judiciary.org.uk...tball-Club-plc

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[CropleyWasGod]

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Why doubt JJ? His version of events to date have been pretty on the button...it's the failings of the SMSM to even report what is going on behind the scenes that will come home to roost in due course and they'll act as if it is all a surprise and that they had no idea of the impending problems despite the majority of fans from all clubs knowing what's really going on

He got today's one wrong.

Allied to that, some of his business-related posits have been bluster based on very little knowledge of how things actually work. Any time I try to clarify, or pull him up about them, my posts are "moderated".

I'm not saying that he has no insider knowledge... I can't know that...but his way of going about things is, at times, akin to the much maligned Level 5 and the likes.

[monktonharp]

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This is what has been published.

http://www.scotland-judiciary.org.uk...tball-Club-plc

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he must appeal that, surely? clause 8 or whatever, looks as if he is due some sort of payment, does it not?

[Ozyhibby]

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This is what has been published.

http://www.scotland-judiciary.org.uk...tball-Club-plc

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I'm rather disappointed by that. Doesn't change much in that they are still fast running out of cash but it might have speeded things up.
Still, on to the next one.


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[CropleyWasGod]

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he must appeal that, surely? clause 8 or whatever, looks as if he is due some sort of payment, does it not?

On the face of it, yeah.

However, the judgement will doubtless be very complex, and we ain't going to see that for a while.

[Ozyhibby]

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On the face of it, yeah.

However, the judgement will doubtless be very complex, and we ain't going to see that for a while.

Funny thing is, it's in Sevco's interest to defend him because it's them who own the assets he procured for them, allegedly fraudulently. If he loses, they lose.
The only reason they don't want to pay is because of cash flow.


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[JeMeSouviens]

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On the face of it, yeah.

However, the judgement will doubtless be very complex, and we ain't going to see that for a while.

I think it'll be along the lines of this:

http://www.compromiseuk.co.uk/how-fa...xpected-go.php

Coulson was cited by the Huns' lawyer. Although the case mentioned in the article is in E&W, not Scotland.