Generic Sevco / Rangers meltdown thread

[Brunswickbill]

It's strange that King welcomes these two Workington shareholders as he didn't seem to like the idea of having people involved in RIPFC who had interests in other clubs when he proposed Resolution 11 at the Sevco AGM

11. “THAT: the Articles of Association of the Company, be and are hereby amended by inserting a new Article 15.3 as follows:-
“No member shall be entitled to vote at any general meeting or at any separate meeting of the holders of any class of any shares in the Company, either in person or by proxy, in respect of any shares held by him (whether absolutely or as a trustee, either alone or in conjunction with one or more associates or solely through an associate or associates (even where such person has no formal interest)) if he is involved in any capacity whatsoever in the management or administration of a Club, or has any power whatsoever to influence the management or administration of a Club and the Directors of the Company shall be entitled at their sole discretion and without issuing reasons therefor to determine whether or not a member does have such involvement in or power to influence a Club.
For the purposes of this Article “Club” shall mean any football club in membership of a national association which is in membership with FIFA other than Rangers Football Club.”

Just as well his pal, Big Mike, stopped him from making a fool of himself.

[Ozyhibby]

http://www.scotzine.com/2016/01/rang...-million-loan/


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[Ozyhibby]

https://www.highbeam.com/doc/1G1-73157370.html


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[HoboHarry]

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https://www.highbeam.com/doc/1G1-73157370.html


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You are on a roll today Ozy dear boy......

[CropleyWasGod]

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http://www.scotzine.com/2016/01/rang...-million-loan/


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Brilliant.

[HoboHarry]

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Brilliant.

CWG - is there any benefit at all to DK driving them to admin or worse? The decisions he makes are just bereft of logic....

[CropleyWasGod]

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CWG - is there any benefit at all to DK driving them to admin or worse? The decisions he makes are just bereft of logic....

It's not that it's bereft of logic.... it just reeks of the same old story. ie that RIFC can't get money from anywhere other than the dodgiest of sources. I'd love to see the actual terms of this latest loans. Sure, the Bears will lap it up if SD are paid off, but I can't see it as anything other than (probably expensive) window-dressing.

As for admin, that's no likelier or unlikelier than it was before. They still need cash, at least to get them until the STs go on sale. DK seems to be gambling everything on that.

[HoboHarry]

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It's not that it's bereft of logic.... it just reeks of the same old story. ie that RIFC can't get money from anywhere other than the dodgiest of sources. I'd love to see the actual terms of this latest loans. Sure, the Bears will lap it up if SD are paid off, but I can't see it as anything other than (probably expensive) window-dressing.

As for admin, that's no likelier or unlikelier than it was before. They still need cash, at least to get them until the STs go on sale. DK seems to be gambling everything on that.

It was stated somewhere (possibly in court?) that they were not being charged interest or late payments on the overdue loan from SD. If that is true they would have been better off with the status quo surely? I am struggling to believe that these chancers are loaning money from the goodness of their hearts......

[HFC 0-7]

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It was stated somewhere (possibly in court?) that they were not being charged interest or late payments on the overdue loan from SD. If that is true they would have been better off with the status quo surely? I am struggling to believe that these chancers are loaning money from the goodness of their hearts......

They were not being charged interest but whilst they owed the money to MA I believe he was getting a higher % of the merchandise sales. If admin was to come, they also wouldn't want MA having and securities I would imagine.

[monktonharp]

It is comforting to know/see that The Rangers, are still meddling with some dodgy characters in an attempt to free themselves of a huge monkey round their back. It would be pleasing, or shall we say correct if we could see some sort of investigation from the SFA, given the known facts about Scott in particular and that The Rangers are actually putting him forward as a person fit to be involved in Scottish football. will 2016 be the year we see the SFA clean up their act,and this total farce?

[GreenLake]

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http://www.scotzine.com/2016/01/rang...-million-loan/


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You couldn't make this up.

[Onion]

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You couldn't make this up.

SFA : Nothing to see here, move along.

[jabis]

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http://www.scotzine.com/2016/01/rang...-million-loan/


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page seems to have been taken down😕

[Jack]

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It is comforting to know/see that The Rangers, are still meddling with some dodgy characters in an attempt to free themselves of a huge monkey round their back. It would be pleasing, or shall we say correct if we could see some sort of investigation from the SFA, given the known facts about Scott in particular and that The Rangers are actually putting him forward as a person fit to be involved in Scottish football. will 2016 be the year we see the SFA clean up their act,and this total farce?

Unless the dodgy duo are to become directors (I've not seen that anywhere or anything official that will swap loans to shares in the future) then they won't need to be put forward for the fit and proper test or have a level of shareholding that would interest the SFA.

[Ozyhibby]

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Unless the dodgy duo are to become directors (I've not seen that anywhere or anything official that will swap loans to shares in the future) then they won't need to be put forward for the fit and proper test or have a level of shareholding that would interest the SFA.

I thought that rule had been changed? I'm pretty sure after Vlad, the rules were changed so that all involvement was covered.


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[bingo70]

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I thought that rule had been changed? I'm pretty sure after Vlad, the rules were changed so that all involvement was covered.


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Would that not mean anybody signing up to our very own HSL scheme would be subject to sfa/spfl checks?

[Ozyhibby]

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Would that not mean anybody signing up to our very own HSL scheme would be subject to sfa/spfl checks?

You could be right. They appear to have lent the money to RIFC even though TRFC borrowed the money from SD. Don't know if that is significant.


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[Ozyhibby]

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[Mark79]

I see one of the boys loaning THEM money is none other than...

image.jpg

trying to become cleaner than clean?

[Ozyhibby]

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page seems to have been taken down

Rangers claiming it's a different Barry Scott.


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[CropleyWasGod]

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Would that not mean anybody signing up to our very own HSL scheme would be subject to sfa/spfl checks?

It's about control.

Vlad, although not a shareholder or director, had control over Hearts. STF is the same.

HSL don't have control. Neither do these guys.

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[oldbutdim]

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page seems to have been taken down

It's back up.

[grunt]

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It's back up.

Two amendments, covering themselves if the Barry Scott investing is not the same person as the Barry Scott who fled the country to avoid prosecution for fraud.

[jgl07]

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Two amendments, covering themselves if the Barry Scott investing is not the same person as the Barry Scott who fled the country to avoid prosecution for fraud.

Bang and the fraud is gone!

[Brunswickbill]

JJ on the the loan
https://johnjamessite.wordpress.com/...cern-squirrel/

[grunt]

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JJ on the the loan
https://johnjamessite.wordpress.com/...cern-squirrel/

Pretty much zero content in his blog posts these days.

Here's his follow up post. He seems to go with the "Barry Scott is a criminal" view. It seems to me that Barry Scott is a fairly common name - it would be helpful if someone could ascertain for sure if the investing Barry is the same person as the fraudulent Barry.

https://johnjamessite.wordpress.com/...-ponzi-scheme/

[Joe6-2]

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Bang and the fraud is gone!

😂😂😂😂😂

[HibbiesandtheBaddies]

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Bang and the fraud is gone!

[Ozyhibby]

https://johnjamessite.wordpress.com/...e-engineering/


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[CropleyWasGod]

Scotzine have accepted that the Barry Scott who has lent RIFC money is not the same one who fled the country.