Generic Sevco / Rangers meltdown thread

[Brunswickbill]

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Also the fact that Sports Direct shares in Rangers Retail are Class A shares and RFC shares are Class B shares.

Class A shares have 2 votes each on all " financial matters " and Class B shares only have 1 vote.

Even when the loan is repaid ,and the share holding temporarily transferred to SD is returned to RFC , Ashley will still have control of all financial matters of Rangers Retail.

However Rangers F C will be able to decide where their office Christmas party is held !

With the current boycott of sports goods by fans SD may actually make more money if the loan is repaid and fans start to buy again despite their share of revenue being reduced.

JJ / PMcG also make reference to possible concert party activity at the hostile takeover. I don't know if there is anything in this but you can be sure that MA's lawyers will be all over it.

[grunt]

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JJ / PMcG also make reference to possible concert party activity at the hostile takeover. I don't know if there is anything in this but you can be sure that MA's lawyers will be all over it.

Not been hugely impressed with MA's lawyers so far. Thought their performance at the recent hearing was very poor.

[HoboHarry]

JJ's latest blog, maybe someone can put it into lay-men's terms....

https://johnjamessite.wordpress.com/

[jacomo]

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JJ's latest blog, maybe someone can put it into lay-men's terms....

https://johnjamessite.wordpress.com/

My take on it is that he is neither a Rangers man nor particularly well-informed. He is now claiming to be a shareholder, which I think is new - and unlikely. The rest is speculation and gossip.

[Ozyhibby]

http://m.heraldscotland.com/sport/14...medium=twitter

Hard to know where to begin with this.


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[livi hibs 1875]

Can't read it all, can you give a short version

[jacomo]

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http://m.heraldscotland.com/sport/14...medium=twitter

Hard to know where to begin with this.

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I support an expanded league, but it seems the SPFL only get going with it because they are worried about Sevco.

If they rush it through before the start of next season, it will be botched.

[Monts]

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http://m.heraldscotland.com/sport/14...medium=twitter

Hard to know where to begin with this.


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Ive read that article from start to finish and I struggle to see what the actual point of it is.

It just lazily meanders through some topics, as if it was a half cut old ger in a pub monologuing to anyone that might be paying attention.

[Northern Hibby]

Over on bears den they have started our match day thread already :-D

[Deansy]

[QUOTE=livi hibs 1875;4527701]Can't read it all, can you give a short version[/QUOtaken'

NOBODY at Rangers, not the manager, not the players, not the supporters and not the directors, wants the Ibrox club to be simply handed a place in the Premiership next summer as a result of some hastily-arranged league reconstruction.

But if Mark Warburton’s side fails to secure promotion this season – a fate that is, given their decidedly patchy form of recent weeks, now not inconceivable – is it really so implausible?

Peter Houston, the Falkirk manager, may have been making mischief when he suggested the top flight would be expanded if Rangers and Hibs failed to go up at the end of the 2015/16 campaign. There may, though, have been more truth in his words than he realised.


Scotland’s leading clubs could quite easily continue for another season without Rangers. They have done so for over three years now without, as so many had predicted they would, imploding. A fair few of them, in fact, have positively flourished.

Inverness Caledonian Thistle, for example, posted a record profit of £254,240 earlier this year. That figure, too, did not include the takings from their Scottish Cup final victory or the sale of Ryan Christie to Celtic for £500,000. Financial Armageddon? Not really.

But it is not at all difficult to sense a growing desire for a return to normality in boardrooms across the land. Peter Lawwell, the Celtic chief executive, has estimated the absence of Rangers from the top flight costs his side £10 million a season. Stewart Milne, the Aberdeen chairman and owner, has openly expressed the desire to see all of the top clubs in the top division. Clubs have grown weary of simply getting by.

The impact that Rangers coming up would have would be considerable. The money accrued from broadcasting, season ticket sales, gate receipts, sponsorship and hospitality would all increase significantly. That would, in turn, improve the quality of the product.

It is the repercussions that remaining in the second tier will have on the finances of the Ibrox club, however, which may be of more concern to those charged with balancing the books at the likes of Aberdeen, Celtic and Hearts.

Dave King admitted at the Rangers AGM last month that their current business plan – wealthy supporters offsetting sizeable losses with loans which will be converted into equity at some point in the future – is unsustainable going forward. There is a limit to their benefactors’ benevolence.

Yet, if Rangers remain in the Championship for another season the chances they will continue to operate at a loss. So somebody somewhere will have to come up with the funds needed to keep the club afloat.

The repayment of the £5 million Sports Direct loan may result in Mike Ashley adopting a less confrontational approach in his dealings with the club. But the English billionaire is mercurial. There is no guarantee he will be prepared to renegotiate a retail deal which is, by all accounts, weighted heavily in his favour.

It is unlikely Rangers will, despite their increased crowds, be able to live within their means playing their league football against the likes of Alloa, Dumbarton, and Queen of the South while banking negligible sums from the sales of their official merchandise.

The prospect of Rangers suffering more difficulties and hardship may be too much for their counterparts to bear. Radical action could very well be taken'

It's just yet another article of a 'Rushed expanded SPL' that the media are currently using in a 'Drip-drip' style so supporters get used to the idea. The GFA, media but most especially, the Hun, are petrified that we win this league. I hope Hibs start 'Drip-dripping'to the media that our opinion is 'Fxxk-off' to this idea !!

[Cropley10]

[QUOTE=Deansy;4527735]

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Can't read it all, can you give a short version[/QUOtaken'

NOBODY at Rangers, not the manager, not the players, not the supporters and not the directors, wants the Ibrox club to be simply handed a place in the Premiership next summer as a result of some hastily-arranged league reconstruction.

But if Mark Warburton’s side fails to secure promotion this season – a fate that is, given their decidedly patchy form of recent weeks, now not inconceivable – is it really so implausible?

Peter Houston, the Falkirk manager, may have been making mischief when he suggested the top flight would be expanded if Rangers and Hibs failed to go up at the end of the 2015/16 campaign. There may, though, have been more truth in his words than he realised.


Scotland’s leading clubs could quite easily continue for another season without Rangers. They have done so for over three years now without, as so many had predicted they would, imploding. A fair few of them, in fact, have positively flourished.

Inverness Caledonian Thistle, for example, posted a record profit of £254,240 earlier this year. That figure, too, did not include the takings from their Scottish Cup final victory or the sale of Ryan Christie to Celtic for £500,000. Financial Armageddon? Not really.

But it is not at all difficult to sense a growing desire for a return to normality in boardrooms across the land. Peter Lawwell, the Celtic chief executive, has estimated the absence of Rangers from the top flight costs his side £10 million a season. Stewart Milne, the Aberdeen chairman and owner, has openly expressed the desire to see all of the top clubs in the top division. Clubs have grown weary of simply getting by.

The impact that Rangers coming up would have would be considerable. The money accrued from broadcasting, season ticket sales, gate receipts, sponsorship and hospitality would all increase significantly. That would, in turn, improve the quality of the product.

It is the repercussions that remaining in the second tier will have on the finances of the Ibrox club, however, which may be of more concern to those charged with balancing the books at the likes of Aberdeen, Celtic and Hearts.

Dave King admitted at the Rangers AGM last month that their current business plan – wealthy supporters offsetting sizeable losses with loans which will be converted into equity at some point in the future – is unsustainable going forward. There is a limit to their benefactors’ benevolence.

Yet, if Rangers remain in the Championship for another season the chances they will continue to operate at a loss. So somebody somewhere will have to come up with the funds needed to keep the club afloat.

The repayment of the £5 million Sports Direct loan may result in Mike Ashley adopting a less confrontational approach in his dealings with the club. But the English billionaire is mercurial. There is no guarantee he will be prepared to renegotiate a retail deal which is, by all accounts, weighted heavily in his favour.

It is unlikely Rangers will, despite their increased crowds, be able to live within their means playing their league football against the likes of Alloa, Dumbarton, and Queen of the South while banking negligible sums from the sales of their official merchandise.

The prospect of Rangers suffering more difficulties and hardship may be too much for their counterparts to bear. Radical action could very well be taken'

It's just yet another article of a 'Rushed expanded SPL' that the media are currently using in a 'Drip-drip' style so supporters get used to the idea. The GFA, media but most especially, the Hun, are petrified that we win this league. I hope Hibs start 'Drip-dripping'to the media that our opinion is 'Fxxk-off' to this idea !!

Rangers being back in the top flight means that the nightmare is over, everyone can get get back to obsessing over two teams, how things used to be and pretty much have been for decades, or more.

The only problem, and this is the best bit, is that Rangers won't significantly increase they're income in the Premiership, but, they will have much higher expectations. They have legal problems coming out of their ears, a liar, who is skint as a Chairman and a balance sheet that is still too expense heavy.

They might be forced back into a top flight but it won't be the end of their problems

[Onion]

......"It is the repercussions that remaining in the second tier will have on the finances of the Ibrox club, however, which may be of more concern to those charged with balancing the books at the likes of Aberdeen, Celtic and Hearts." .....

The Huns and their media buddies STIILL don't get it, blinded by their own self importance and sense of entitlement.

It's patently clear that 99% of fans of other clubs believe that integrity and fair competition are FAR more important to the game than a few extra blue pounds that will do little to improve the overall quality of the product on the park. Yet here we have Sevco spokesmen pleading to other club Boards to help them out if they fail to win the league. No contrition, no acceptance of previous misdemeanours, no apologies for their financial doping - just their usual threats, arrogance and warnings of Armageddon if the status quo does not get restored quickly. Thought that Myth had already been put to bed !

[Ozyhibby]

Watching Sportscene last night it's clear that hurting Sevco also hurts Celtic. There were a lot of empty seats at Parkhead on Saturday.
Nice.


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[Onion]

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Watching Sportscene last night it's clear that hurting Sevco also hurts Celtic. There were a lot of empty seats at Parkhead on Saturday.
Nice.


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The Lesser Greens have been treading water for the last 3 years, relishing their easy league wins and CL windfalls but that novelty is now wearing off. Without the Huns, the Celtic proposition is busted and boring to many of their fans and vice versa. Crowds of 20-30k should be their norm.

Scottish football has been a freak show for decades because of the OF but the world has moved on. It's genuinely come as a shock to them that football doesn't revolve around them, no one misses the old Rangers and that fair competition is more appealing than a doped up Duopoly. Who would have thought it ?

[fat freddy]

The Herald article is utterly embarrassing, the main thrust being that Sevco be promoted regardless of their position in the league at the end of the season. Only in Scotland could such unsportsmanlike comment be suggested without an outraged reaction from all within the football fraternity. Unashamably the article's author states that finances should determine which team should be promoted, apparantly Celtic lose £10 million per year without their rivals presence in the top division and for that reason we should change the way we promote clubs, Sevco must be promoted purely because they are a big club in the author's view, Leeds Utd fans take note, if this halfwits ideas are rolled out across the world you will be replacing Bournemouth in The EPL next season, merit, sportsmanship, good governance and fair play are thrown out of the window to be replaced by leagues based upon the size of a clubs fanbase and the potential financial rewards those clubs can generate....I think The Hun bottle is crashing and their apologists will be trotting out more of this drivel in the coming months, they are shameless.

[The Leith Dutch]

[QUOTE=Deansy;4527735]

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The repayment of the £5 million Sports Direct loan may result in Mike Ashley adopting a less confrontational approach in his dealings with the club. But the English billionaire is mercurial. There is no guarantee he will be prepared to renegotiate a retail deal which is, by all accounts, weighted heavily in his favour.

I know they're hard of thinking when it comes to sevco but some of this stuff genuinely gobsmacks me.

There was a link to one of the sevco forums posted where they were discussing our January transfer targets and several of the comments were a completely unironic "Hibs will do anything to stop us winning the league".

Then you have the line in bold above where a journalist seems to think that a businessman would even for a second consider renegociating a business deal that is clearly in his favour.

Their entire rancid organisation is crippled with some kind of narcissistic delusion where everyone should choose to act in the best interests of the rangers. Combined with the fact that it sits alongside them absuing everyone else they deal with while chanting "nobody likes us but we don't care" it's enough material for several psychology conferences.

[jacomo]

The true situation is confusing for the hard-of-thinking who believe the following to be true:

1. All was fine until Sir was forced to sell the club to evil-doer Craig Whyte
2. Three seasons in lower leagues was an unfair punishment imposed on a wounded Rangers
3. Rangers is one of the most powerful clubs in the world.

Dave King has played on these myths to his advantage so far, but he's getting unstuck.

[JeMeSouviens]

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The Herald article is utterly embarrassing, the main thrust being that Sevco be promoted regardless of their position in the league at the end of the season. Only in Scotland could such unsportsmanlike comment be suggested without an outraged reaction from all within the football fraternity. Unashamably the article's author states that finances should determine which team should be promoted, apparantly Celtic lose £10 million per year without their rivals presence in the top division and for that reason we should change the way we promote clubs, Sevco must be promoted purely because they are a big club in the author's view, Leeds Utd fans take note, if this halfwits ideas are rolled out across the world you will be replacing Bournemouth in The EPL next season, merit, sportsmanship, good governance and fair play are thrown out of the window to be replaced by leagues based upon the size of a clubs fanbase and the potential financial rewards those clubs can generate....I think The Hun bottle is crashing and their apologists will be trotting out more of this drivel in the coming months, they are shameless.

The new Fiorentina were promoted 2 divisions by expansion on their way to Serie A but if you really want to see the cream of corruption have a google for the relegation system they use in Argentina, coincidentally brought in during a season in which River Plate finished 2nd bottom of the top league.

[Ozyhibby]

http://www.celticquicknews.co.uk/abe...medium=twitter


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[gorgie greens]

[QUOTE=Ozyhibby;4527976][url]http://www.celticquicknews.co.uk/aberdeen-fans-grasping-financial-fundamentals/?utm_source=dlvr.it&utm_medium=twitter[/url



The bit about King ,saying the £30 million if he had it to put in wont touch the sides and anything less than £50 million is just throwing money in to a hole.
Unless there is a sugar daddy round the corner with endless supply of money they are a done

[grunt]

BBC running Celtic and Rangers stories and they're not even playing each other.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

[greenginger]

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BBC running Celtic and Rangers stories and they're not even playing each other.

http://www.bbc.co.uk/sport/0/footbal...medium=twitter

Typical clueless bluenose reporting from Richard Wilson.

second last paragraph, " ..... the ( Rangers ) squad is worth more than its rivals , so ought to be capable of holding off Hibs and Falkirk. "

How the hell does he work out that the Rangers squad is worth more, do they have a single sellable player that would bring in more than Cummings or Mcginn.

Their squad might cost a lot more to run but that has SFA to do with ability.

[Kojock]

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Typical clueless bluenose reporting from Richard Wilson.

second last paragraph, " ..... the ( Rangers ) squad is worth more than its rivals , so ought to be capable of holding off Hibs and Falkirk. "

How the hell does he work out that the Rangers squad is worth more, do they have a single sellable player that would bring in more than Cummings or Mcginn.

Their squad might cost a lot more to run but that has SFA to do with ability.

Ludicrous comments from a so called neutral journalist. Can't think of any Hun player I would take as a replacement for any of our players.

[Jack]

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Typical clueless bluenose reporting from Richard Wilson.

second last paragraph, " ..... the ( Rangers ) squad is worth more than its rivals , so ought to be capable of holding off Hibs and Falkirk. "

How the hell does he work out that the Rangers squad is worth more, do they have a single sellable player that would bring in more than Cummings or Mcginn.

Their squad might cost a lot more to run but that has SFA to do with ability.

I was going to say lazy journalism looking up us http://www.transfermarkt.co.uk/hibernian-fc/startseite/verein/903

and them http://www.transfermarkt.co.uk/rangers/spielplan/verein/124/saison_id/2015

But that suggests our squad is worth £5.34m and pauper sevco at £4.46m.

It's not even lazy journalism it's more of the usual crap.

Another wee thing to keep in mind is when rangers first went into panic mode it was when we signed Claros from under their noses. Here we are again with every chance of a marque signing while the glib and shameless liar promises so much and produces so little, sorry nothing at all.

[portycabbage]

[QUOTE=Deansy;4527735][QUOTE=livi hibs 1875;4527701]Can't read it all, can you give a short version[/QUOtaken'

...But it is not at all difficult to sense a growing desire for a return to normality in boardrooms across the land. Peter Lawwell, the Celtic chief executive, has estimated the absence of Rangers from the top flight costs his side £10 million a season. Stewart Milne, the Aberdeen chairman and owner, has openly expressed the desire to see all of the top clubs in the top division. Clubs have grown weary of simply getting by...

In other words, Celtc and Aberdeen are tired of just getting by... apart from Aberdeen who are making record profits.

...The impact that Rangers coming up would have would be considerable. The money accrued from broadcasting, season ticket sales, gate receipts, sponsorship and hospitality would all increase significantly. That would, in turn, improve the quality of the product.

It is the repercussions that remaining in the second tier will have on the finances of the Ibrox club, however, which may be of more concern to those charged with balancing the books at the likes of Aberdeen, Celtic and Hearts.

Where is the evidence that other clubs would benefit? The TV money didn't dry up as predicted, and as stated in this article, many clubs are doing better than ever. Why on earth would anyone - bar perhaps Celtic - worry about Rangers finances if they don't get promoted? It's only really the top 2 teams that get the broadcasting/prize/sponsorship money anyway

...Dave King admitted at the Rangers AGM last month that their current business plan – wealthy supporters offsetting sizeable losses with loans which will be converted into equity at some point in the future – is unsustainable going forward. There is a limit to their benefactors’ benevolence.

Surely they're in an enviable debt-free position, and stand to over-invest for world domination with £30M? Just as well, because Aberdeen are *****ing it about Rangers finances if they don't come up.

...if Rangers remain in the Championship for another season the chances they will continue to operate at a loss. So somebody somewhere will have to come up with the funds needed to keep the club afloat.

Dave King has it sorted.

[ScottB]

Love how suggesting that maybe Rangers should stop spending money they don't have never comes up in the media discourse...

[hibees 7062]

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Ludicrous comments from a so called neutral journalist. Can't think of any Hun player I would take as a replacement for any of our players.

I'd take Wallace

[Cropley10]

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I was going to say lazy journalism looking up us http://www.transfermarkt.co.uk/hiber...ite/verein/903

and them http://www.transfermarkt.co.uk/range...saison_id/2015

But that suggests our squad is worth £5.34m and pauper sevco at £4.46m.

It's not even lazy journalism it's more of the usual crap.

Another wee thing to keep in mind is when rangers first went into panic mode it was when we signed Claros from under their noses. Here we are again with every chance of a marque signing while the glib and shameless liar promises so much and produces so little, sorry nothing at all.

I seem to recall they all think their Goalie is some world-beater. And there's Waghorn. And the lad Tavernier, of course.

[hibees 7062]

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I seem to recall they all think their Goalie is some world-beater. And there's Waghorn. And the lad Tavernier, of course.

Future England keeper according to warbs

[Just Alf]

And has asked what options he's got available to move on sooner rather than later... . Some troubles within the squad allegedly... Mr Cat.. your man in the west able to shed any light? (The chav that told me has been right re new hun a few times, and wrong other times
mind you!)

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