Generic Sevco / Rangers meltdown thread

[Sergey]

I've not seen this posted anywhere (and probably the wrong thread) but The Rangers are about to break into their supposed transfer war chest and sign this lad (on a free transfer).

http://www.skysports.com/football/ne...rester-signing

Total spent on transfers in the January window = £0

[Moulin Yarns]

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I've not seen this posted anywhere (and probably the wrong thread) but The Rangers are about to break into their supposed transfer war chest and sign this lad (on a free transfer).

http://www.skysports.com/football/ne...rester-signing

Total spent on transfers in the January window = £0

Definately their kind of player. played 48, scored 9 goals got 7 yellow cards and 2 red cards last season.

[Ozyhibby]

Back in court on Tuesday. Judgement on Dave Kings contempt hearing.


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[Dan Sarf]

Warburton on Forrester...

“Whilst sorry to see Harry depart Griffin Park, it simply underlines the fact that whilst we as a club will move to attract and secure talented individuals, we only want players who are absolutely committed to Brentford FC.

“We will make very positive and aggressive offers to retain the services of key staff, but not seek to break the pay structures that we think are appropriate.”

With respect.

[brog]

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I've not seen this posted anywhere (and probably the wrong thread) but The Rangers are about to break into their supposed transfer war chest and sign this lad (on a free transfer).

http://www.skysports.com/football/ne...rester-signing

Total spent on transfers in the January window = £0

I saw Forrester play for Brentford & unfortunately he was more than decent. He's a similar type to Scott Allan, ie a playmaker but IMO less talented than SA. He also shares some of SA's foibles, ie disappears from games, tries killer balls too often etc. He does seem to have gone off the radar in last season or 2 & hopefully half loaf won't be able to change that.

[Ozyhibby]

http://www.thenational.scot/sport/th...ime=1451545285


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[Spike Mandela]

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http://www.thenational.scot/sport/th...ime=1451545285


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Rangers supporting agent acts as apologist for dead Rangers....shock, horror.

Let's all move on........Aye, right.

[grunt]

Rangers Official Statement 1/1/16

Rangers International Football Club PLC (RIFC) is pleased to announce new loan facilities totalling £6.5m have been made available to the company over the past month.
The facilities have been provided by existing lenders New Oasis Asset Limited (Dave King), Douglas Park, George Letham and George Taylor and by three new lenders, RIFC Director John Bennett and two additional Hong Kong based supporters, Barry Scott and Andy Ross.
RIFC’s board is delighted to welcome the new lenders who, as long-standing supporters of the Club, fit exactly into the profile of investors that RIFC has encouraged during this ongoing rebuilding phase. The new funding has all been provided on the same basis as other recent loans to RIFC.
The loans to RIFC were primarily utilised to fund repayment of the Sports Direct facility with the balance going towards the Group’s working capital requirements

[Spike Mandela]

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Rangers Official Statement 1/1/16

So the £5 m loan from Sports Direct is now just a loan from someone else and hence still a debt.

[grunt]

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So the £5 m loan from Sports Direct is now just a loan from someone else and hence still a debt.

Yes, but they owe it to themselves... What could go wrong?

[Spike Mandela]

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Yes, but they owe it to themselves... What could go wrong?

[Ozyhibby]

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Yes, but they owe it to themselves... What could go wrong?

To be fair, owing to themselves is what saved them.


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[Bostonhibby]

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To be fair, owing to themselves is what saved them.


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All big teams do it.

The Rangers do seem to require frequent and large capital injections as well - they are looking like a real leaky bucket, similar to the now defunct Glasgow rangers.

[greenginger]

They've got themselves a £ 6.5 million loan and will use £ 5 million to pay back Ashley ( that is assuming there have not been other penalties for default ) Now that leaves £ 1.5 million .

Did they not say they needed £ 2.5 million in December .

I wonder who did not get their money ?

[Colr]

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They've got themselves a £ 6.5 million loan and will use £ 5 million to pay back Ashley ( that is assuming there have not been other penalties for default ) Now that leaves £ 1.5 million .

Did they not say they needed £ 2.5 million in December .

I wonder who did not get their money ?

Provvy?

[CropleyWasGod]

"The same basis as other recent loans".

Does that mean interest - free, exorbitant interest, secured up to the armpits....?

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[Bostonhibby]

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"The same basis as other recent loans".

Does that mean interest - free, exorbitant interest, secured up to the armpits....?

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They're up to their knees in debts and loans, with interest rates sky high.

[grunt]

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They're up to their knees in debts and loans, with interest rates sky high.

Better than being up to their knees in other stuff?

[CropleyWasGod]

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They're up to their knees in debts and loans, with interest rates sky high.

They are the Wonga boys....

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[Bostonhibby]

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We are the Wonga boys....

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that's the missing line I couldn't dredge up

[H18S NX]

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They're up to their knees in debts and loans, with interest rates sky high.

....

[ballengeich]

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They've got themselves a £ 6.5 million loan and will use £ 5 million to pay back Ashley ( that is assuming there have not been other penalties for default ) Now that leaves £ 1.5 million .

Did they not say they needed £ 2.5 million in December .

I wonder who did not get their money ?

I think that rather than needing £2.5 million in December they said they needed £2.5m by the end of the season with the first tranche required in December. Your underlying point is correct though, as they'll need more from somewhere before the sale of 16-17 season tickets starts.

I suspect that the £2.5 million figure involved a few optimistic assumptions and it may well be more by April. If you add together the money the board members spent on shares, the existing loan, this new amount and what's required in the next few months these guys have collectively spent around £15 million. They don't know when, or even if, they'll ever get it back. They're obviously wealthy by normal standards, but not on Ashley's scale. If you invested £15 million in profitable businesses which pay dividends you'd make about £1 million a year and I reckon that amount is a significant sacrifice for them.

If they get promoted they can probably run on a break-even basis while paying the second-highest wages in Scotland due to the increased income in the premier division, but there's no sign of the kind of warchest some of the supporters are still expecting.

[Ozyhibby]

Is it this Barry Scott who has lent Rangers the money?
http://www.telegraph.co.uk/finance/2...m-brokers.html



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[HoboHarry]

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Is it this Barry Scott who has lent Rangers the money?
http://www.telegraph.co.uk/finance/2...m-brokers.html



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Oh God I hope so... lol

[Bostonhibby]

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Is it this Barry Scott who has lent Rangers the money?
http://www.telegraph.co.uk/finance/2...m-brokers.html



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He certainly seems to have the credentials of all the recent "white knight" types but he hasn't really stolen enough money or got serious enough offences on his record to make the grade here.

There was a Barry Scott guy who used to appear in the cillit bang adverts but he's dead so its unlikely to be him.

[grunt]

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Is it this Barry Scott who has lent Rangers the money?
http://www.telegraph.co.uk/finance/2...m-brokers.html

You would expect that some fine investigative journalist from our wonderful Scottish Media will at this very minute be hunting to find out more about these new investors.

[Jack]

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You would expect that some fine investigative journalist from our wonderful Scottish Media will at this very minute be hunting to find out more about these new suckers.

Fixed that :-)

[greenginger]

http://www.philmacgiollabhain.ie/sle...-the-fascists/

Phil reckons the £ 5 million payback comes with strings attached and won't be accepted.

[jacomo]

How is it that Dave King claimed to have raised the £5m in an hour before the AGM, yet now it transpires that the company has taken out another loan to repay the SD loan?

[Stax]

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He certainly seems to have the credentials of all the recent "white knight" types but he hasn't really stolen enough money or got serious enough offences on his record to make the grade here.

There was a Barry Scott guy who used to appear in the cillit bang adverts but he's dead so its unlikely to be him.

Bang and the dirt is gone,... pretty apt for a couple of clubs I can think of.