Generic Sevco / Rangers meltdown thread

[greenginger]

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

if the breadman wants to move on to a bigger club then i'm sure the huns wont stand in his way

Gary Rowat , the Birmingham manager, was favorite but its announced he is staying where he is.


http://www.skysports.com/football/ne...ulham-interest


By my reckoning that makes Warburton bookies favourite for the Fulham job.

Funny how it does not seem to warrant a single word in the Scottish football press.

[greenlex]

The Hun hoards ain't swelling the coffers today. Piss poor crowd at greyskull for a semi albeit the petrofeck

[PatHead]

Not really had a chance to digest what has happened over the last couple of days due to ill health.

A couple of things still confuse me.

1. Why do the other directors keep King (and Paul Murray) on board?

They could say to King that he is making too many of the wrong headlines. Have a sabbatical and come back once everything is sorted out. Whether he ever makes it back, well who knows. Basically he is bad news and I can't understand why they want to share a room with a con man.

2. What did the SPFL and SFA say to King?

By the look on his face I think they told him he would cease to be fit and proper unless he got the The Rangers off the front pages and started getting them sorted. They were fed up with his lies and bluster.

3. Why do the press keep punting The Rangers as having money when everyone knows they don't have any?

I know it sells papers but it is hell of a boring.

[PatHead]

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

The Hun hoards ain't swelling the coffers today. Piss poor crowd at greyskull for a semi albeit the petrofeck

Looks about a 75,000 sell out to me

[CropleyWasGod]

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

Looks about a 75,000 sell out to me

According to the Scotsman, in an interview with Jim McInally, Rangers are playing Peterhead in the final.

No point in turning up to watch a game where the result isn't in doubt

Sent from my GT-I9505 using Tapatalk

[lapsedhibee]

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

3. Why do the press keep punting The Rangers as having money when everyone knows they don't have any?

I know it sells papers but it is hell of a boring.

Today's i quoting you as knowing little about football, though, so at least some of the press is getting it right.

[emerald green]

I read an article in the paper today which basically says that Dave King made a dramatic u-turn at the newco AGM by announcing that a controversial £5m loan was being repaid to Mike Ashley's Sports Direct.

It says the money to do so has been raised by "regular investors" George Letham, George Taylor and Douglas Park - the 3 bears - as well as King and director John Bennett. They have also provided a "soft loan" of £2.5m needed for running costs for the remainder of the season.

[PatHead]

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

According to the Scotsman, in an interview with Jim McInally, Rangers are playing Peterhead in the final.

No point in turning up to watch a game where the result isn't in doubt

Sent from my GT-I9505 using Tapatalk

Last desperate act of the Scotsman to appeal to the The Rangers support. Wonder which is in a worse state?

[PatHead]

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

Today's i quoting you as knowing little about football, though, so at least some of the press is getting it right.

eh?

[CropleyWasGod]

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

I read an article in the paper today which basically says that Dave King made a dramatic u-turn at the newco AGM by announcing that a controversial £5m loan was being repaid to Mike Ashley's Sports Direct.

It says the money to do so has been raised by "regular investors" George Letham, George Taylor and Douglas Park - the 3 bears - as well as King and director John Bennett. They have also provided a "soft loan" of £2.5m needed for running costs for the remainder of the season.

Which paper?

Most credible reports have him quoted as "endeavouring" to repay the loan. That's different from actually repaying it.

Sent from my GT-I9505 using Tapatalk

[lapsedhibee]

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

eh?

Scottish i does a roundup of fans' forums on a Saturday and you're today's chosen quotee:

"Jason Cummings and James Keatings have attracted a lot of the attention up front but it has been overlooked how well our defence has done. I was indifferent to keeper Mark Oxley but he and the defence have shown how little I know about football!" Pathead (hibs.net)

It's in the paper so it must be true.

[Smartie]

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

Not really had a chance to digest what has happened over the last couple of days due to ill health.

A couple of things still confuse me.

1. Why do the other directors keep King (and Paul Murray) on board?

They could say to King that he is making too many of the wrong headlines. Have a sabbatical and come back once everything is sorted out. Whether he ever makes it back, well who knows. Basically he is bad news and I can't understand why they want to share a room with a con man.

2. What did the SPFL and SFA say to King?

By the look on his face I think they told him he would cease to be fit and proper unless he got the The Rangers off the front pages and started getting them sorted. They were fed up with his lies and bluster.

3. Why do the press keep punting The Rangers as having money when everyone knows they don't have any?

I know it sells papers but it is hell of a boring.

Does anyone really know how much money Rangers have though?

The media and King would have us believe everything is fine and they have money.

PMcG and JJ assure us the opposite is true.

Remember how bad it looked for Hearts thoughout their turmoil and ultimately it turned out ok for them.

I don't know what to believe. I know what I want to believe but that is a different matter.

[JeMeSouviens]

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

Does anyone really know how much money Rangers have though?

The media and King would have us believe everything is fine and they have money.

PMcG and JJ assure us the opposite is true.

Remember how bad it looked for Hearts thoughout their turmoil and ultimately it turned out ok for them.

I don't know what to believe. I know what I want to believe but that is a different matter.

Their club, sorry company, or is it club? Whatever, the institution has **** all money, as acknowledged by everyone including the New Huns themselves. What's in doubt is how much money their main shareholders have, have available to spend (King) and are willing to spend (3 bears).

[bighairyfaeleith]

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

Scottish i does a roundup of fans' forums on a Saturday and you're today's chosen quotee:

"Jason Cummings and James Keatings have attracted a lot of the attention up front but it has been overlooked how well our defence has done. I was indifferent to keeper Mark Oxley but he and the defence have shown how little I know about football!" Pathead (hibs.net)

It's in the paper so it must be true.

It is true, not just football either to be fair

[Dashing Bob S]

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

Does anyone really know how much money Rangers have though?

The media and King would have us believe everything is fine and they have money.

PMcG and JJ assure us the opposite is true.

Remember how bad it looked for Hearts thoughout their turmoil and ultimately it turned out ok for them.

I don't know what to believe. I know what I want to believe but that is a different matter.

I think the crux of the matter is that Rangers, as a club, don't have the money. If they did, none of these problems, by definition, would exist.

I think the major players who are supposed to be Rangers stakeholders; King, the three huns, etc, DO HAVE ENOUGH IN SOME COMBINATION to see them through the current difficulties. (5m to Ashley, 2.5m to get to the end of the season.) However, they are playing a game of brinkmanship with each other, as nobody wants to put their hand in their pocket. The reason they don't want to do this is that the ownership, control and finances of the club are in a mess, and anybody writing cheques (justifiably) feels they could could be the ones lumbered into putting their hand in their pockets forever.

None of those people want to do that. They have gotten involved in this shabby enterprise in order to make money from the club, not risk their own (limited) wealth.

Rangers are a victim of their own bigoted and vainglorious culture; as a club they are set up to attract arrogant, pompous no-marks, and sleazy self-aggrandising opportunists. Whyte to Green to King, the picture just gets increasingly bleaker for them. As they grow more desperate, it's inevitable that the Daily Record are preparing yet another love-in feature on the latest "true blue white knight, with off the charts wealth, who is watching developments closely."

I think some flimsy deal will be brokered between King and the three Huns, perhaps with (yet another) outside investor coming in to save the day, but they are surely running out of rich mugs, and are now so synonymous with dodgy dealings, that this is almost certain to involve punitive Ashley-style caveats that mire them in deeper in the long term.

The fact is that Rangers are caught between a rock and a hard place. The global financial landscape has changed since their ETB splurging; no big Arab, Russian or American multinational money is going to invest in Scottish football, and at the other end of the scale their fan psyche is too much of the follow follow mentality to seriously mount a supporters ownership bid. The middle investor they are looking for -the rich businessman who loves Rangers and has the wealth to restore them to where they want to be- probably just doesn't exit anymore. All they are left with is a bunch of self-interested charlatans, none of whom want to be holding the financial baby, and will argue and hustle with each other in increasing rancour until one breaks and signs on the dotted line.

And one probably will. But it won't be the end of this saga. They are a club who are currently designed for failure and divisiveness. Best thing they could do is start (yet) again.

[PatHead]

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

Scottish i does a roundup of fans' forums on a Saturday and you're today's chosen quotee:

"Jason Cummings and James Keatings have attracted a lot of the attention up front but it has been overlooked how well our defence has done. I was indifferent to keeper Mark Oxley but he and the defence have shown how little I know about football!" Pathead (hibs.net)

It's in the paper so it must be true.

Gosh. Stardom at last!

[Brunswickbill]

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

Can't help thinking that, if they did have the £2.5m, they would have been shouting about it.

Sent from my GT-I9505 using Tapatalk

Probably inferring this from annual account that said they would need £2.5m of debt or equity funding by the end of the season to meet liabilities with an initial tranche required in December. With statement that major shareholders had previously said that they would meet this funding being interpreted as a loan.

[CropleyWasGod]

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

Probably inferring this from annual account that said they would need £2.5m of debt or equity funding by the end of the season to meet liabilities with an initial tranche required in December. With statement that major shareholders had previously said that they would meet this funding being interpreted as a loan.

Yeah, but do they actually have it?

From saying, a few weeks ago, that they needed it......given the negative PR they've been getting, it would make sense to shout if they actually get it.

Sent from my GT-I9505 using Tapatalk

[gorgie greens]

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

Indeed. Someone called Peter Clark on Twitter this morning said, "The "no debt" line is peddled like a badge of honour, when it should be a source of deepest mortification, given the past." I concur.

I would imagine there line of credit would be non existent and borrowing very hard to come by

[Argylehibby]

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

It was done by a card count rather than a show of hands.

Don't know who does the counting !

Announcement at a later date.

Usually done by their registrars, the company that looks after their share register. It will be independent from the club anyway. No idea how many attended the meeting and that will impact on the poll count but the usual timescale is that result is announced on the same day as the meeting.

[Ozyhibby]

http://www.philmacgiollabhain.ie/ske...reign-concept/


Sent from my iPhone using Tapatalk

[CropleyWasGod]

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

http://www.philmacgiollabhain.ie/ske...reign-concept/


Sent from my iPhone using Tapatalk

He's clearly not looked at the STV interview with DK where the source and nature of the new loan was disclosed.

On the flip side, he shares my intrigue as to whether the £2.5 m has been raised.

Sent from my GT-I9505 using Tapatalk

[Ozyhibby]

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

He's clearly not looked at the STV interview with DK where the source and nature of the new loan was disclosed.

On the flip side, he shares my intrigue as to whether the £2.5 m has been raised.

Sent from my GT-I9505 using Tapatalk

I'm more curious as to what brought on the change of heart. I doubt it was as trivial as withdrawal of his f&p status.


Sent from my iPhone using Tapatalk

[CropleyWasGod]

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

I'm more curious as to what brought on the change of heart. I doubt it was as trivial as withdrawal of his f&p status.


Sent from my iPhone using Tapatalk

Yeah I saw that had been suggested. I think I'm right in saying that Doncaster has no control over that.

Sent from my GT-I9505 using Tapatalk

[HoboHarry]

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

Yeah I saw that had been suggested. I think I'm right in saying that Doncaster has no control over that.

Sent from my GT-I9505 using Tapatalk

His fit and proper status has been revoked? Or am I misunderstanding?

[CropleyWasGod]

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

His fit and proper status has been revoked? Or am I misunderstanding?

Nope.

But it's been suggested in some quarters that DK was told by Doncaster during the week that the status was under threat. That's bunkum IMO, since it's the SFAs call, not the SPFL.

Sent from my GT-I9505 using Tapatalk

[PatHead]

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

Yeah I saw that had been suggested. I think I'm right in saying that Doncaster has no control over that.

Sent from my GT-I9505 using Tapatalk

Dave King is all about image. Losing F&P status would be very important to him as he has **** all else left and whilst SPFL could not do that I am sure they will have had discussions about the situation with the SFA.

[PatHead]

Setting their sights quite low nowadays according to the papers today.

"Rangers striker Martyn Waghorn is dreaming of lifting the Petrofac Training Cup at Hampden this season,"

[HoboHarry]

That makes it interesting then. I for one am doubtful that any consortium has "donated" 7.5 million. Will be fascinating to see what happens if the loan is not repayed.

[LancashireHibby]

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

Scottish i does a roundup of fans' forums on a Saturday and you're today's chosen quotee:

"Jason Cummings and James Keatings have attracted a lot of the attention up front but it has been overlooked how well our defence has done. I was indifferent to keeper Mark Oxley but he and the defence have shown how little I know about football!" Pathead (hibs.net)

It's in the paper so it must be true.

English version has quotes from Kickback and Rangers, Celtic, Kilmarnock, Hamilton and Inverness forums but no fame down here for you I'm afraid PatHead.