Generic Sevco / Rangers meltdown thread

[Ozyhibby]

Long post but a good read from the excellent Celtic blogger James Forrest.
http://www.onfieldsofgreen.com/the-i...rom-the-start/



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[Smartie]

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Did you pay with someone else's credit card?

Aye, he swiped the card up and down her crack a couple of times but tbh couldn't care less whether the transaction went though, who ended up picking up the tab or even if it was picked up at all.

Very Sir David Murray.

[brog]

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Long post but a good read from the excellent Celtic blogger James Forrest.
http://www.onfieldsofgreen.com/the-i...rom-the-start/



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Tremendous stuff. You have to imagine someone like Alex Thomson or James Doleman is right now working on a documentary re this whole incredible story once legal proceedings are concluded. You also wonder just how can either Doncaster or Regan remain in office, they have totally abrogated their management responsibility.

[Stevie Reid]

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Long post but a good read from the excellent Celtic blogger James Forrest.
http://www.onfieldsofgreen.com/the-i...rom-the-start/



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Very good read. I notice he makes reference to the global financial crash of 2008 - a lot of what he writes and the levels of denial from the authorities in this also remind me of what happened with Bernie Madoff, who carried out the biggest financial fraud in US history. There is a documentary entitled Chasing Madoff which tells a story of one journalist who tried over and over again to reveal the obvious truth about Madoff's scheme - but no one would listen, because the implications of it being a reality were utterly catastrophic: -

But what about the Securities and Exchange Commission? What about the Wall Street Journal? What about the New York Times? Bloomberg News? Didn't they know? Harry Markopolos told them. He was a respected professional. Year after year, he supplied them all with carefully documented evidence of what the scheme was and how it worked. The problem was, they didn't want to know. Its scope was so vast, Madoff's webs were so complex, that if it were true, that would make it the largest Ponzi scheme in history. Which it was.

[BonnieFitbaTeam]

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Very good read. I notice he makes reference to the global financial crash of 2008 - a lot of what he writes and the levels of denial from the authorities in this also remind me of what happened with Bernie Madoff, who carried out the biggest financial fraud in US history. There is a documentary entitled Chasing Madoff which tells a story of one journalist who tried over and over again to reveal the obvious truth about Madoff's scheme - but no one would listen, because the implications of it being a reality were utterly catastrophic: -

But what about the Securities and Exchange Commission? What about the Wall Street Journal? What about the New York Times? Bloomberg News? Didn't they know? Harry Markopolos told them. He was a respected professional. Year after year, he supplied them all with carefully documented evidence of what the scheme was and how it worked. The problem was, they didn't want to know. Its scope was so vast, Madoff's webs were so complex, that if it were true, that would make it the largest Ponzi scheme in history. Which it was.

See Andrew Jennings.

[Stevie Reid]

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See Andrew Jennings.

A much better, and more relevant, comparison!

[CropleyWasGod]

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Phil has a new piece on Rangers finances,

http://www.philmacgiollabhain.ie/cri...comment-166389

A point in it that I don't think has been picked up on, rangers Accounts stating a shortfall in funding of £ 2.5 million for the season was dependent on " a conservative estimate of revenue from player sales "

What a conservative estimate is, is anybodies guess, the amount they will actually generate is easier ; - Ziltch !

I can't see anything to that effect in the accounts.

[greenginger]

http://kerrydalestreet.co.uk/topic/9260081/438/

A few posters on Kerrydale Street saying there has been an arrestment order served on the Sevco bank account.

Not clear who by or for what amount.

Hope its nothing trivial !

[JeMeSouviens]

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http://kerrydalestreet.co.uk/topic/9260081/438/

A few posters on Kerrydale Street saying there has been an arrestment order served on the Sevco bank account.

Not clear who by or for what amount.

Hope its nothing trivial !

Big Mike finally going nuclear?

[Ozyhibby]

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http://kerrydalestreet.co.uk/topic/9260081/438/

A few posters on Kerrydale Street saying there has been an arrestment order served on the Sevco bank account.

Not clear who by or for what amount.

Hope its nothing trivial !

Been watching that rumour all afternoon (I'm really that sad ) but can't find anything concrete behind it. Let's hope there is something in it.
Not that I'm adverse to totally unsubstantiated rumours of course.

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[Ozyhibby]

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http://kerrydalestreet.co.uk/topic/9260081/438/

A few posters on Kerrydale Street saying there has been an arrestment order served on the Sevco bank account.

Not clear who by or for what amount.

Hope its nothing trivial !

http://kerrydalestreet.co.uk/single/...7035&t=9260081


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[Jack]

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http://kerrydalestreet.co.uk/topic/9260081/438/

A few posters on Kerrydale Street saying there has been an arrestment order served on the Sevco bank account.

Not clear who by or for what amount.

Hope its nothing trivial !

Hardly surprising.

A big fuss about having the money to pay off Neds Direct supposedly by cheque at a time when there were few banking days. Neds Direct supposedly saying no. Money left in the account.

Anyone overdue money from them would be foolish not to take action.

[grunt]

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http://kerrydalestreet.co.uk/single/...7035&t=9260081


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That post seems to indicate that it isn't true??

[grunt]

Sevcotaxcase ‏@Sevcotaxcase46m46 minutes agohello. I knew this account would be useful one day. #itshappeningagain

[Deansy]

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Long post but a good read from the excellent Celtic blogger James Forrest.
http://www.onfieldsofgreen.com/the-i...rom-the-start/



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Good read but he's wasting his time if he's wanting acknowledged for the part he and other bloggers have played in all of this - when all the Hun court-cases are done, our MSM will be packed with - 'We told you so - Exclusive !!' headlines with not the slightest blush or twinge of conscience !!

[Ozyhibby]

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Good read but he's wasting his time if he's wanting acknowledged for the part he and other bloggers have played in all of this - when all the Hun court-cases are done, our MSM will be packed with - 'We told you so - Exclusive !!' headlines with not the slightest blush or twinge of conscience !!

Some of our mainstream newspapers may not last that long.


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[Deansy]

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http://kerrydalestreet.co.uk/topic/9260081/438/

A few posters on Kerrydale Street saying there has been an arrestment order served on the Sevco bank account.

Not clear who by or for what amount.

Hope its nothing trivial !

Am getting an image of a piece of duct-tape slapped over the slot in a china/porcelain pig .............

[Spike Mandela]

No idea of anything about the tweeter but any way here goes for what it's worth.....

“@GweedoreHack: People wondering if the arrestment is true, it is. Also part of other orchestrated actions against Sevco that will become clear next week.”


“@GweedoreHack: Unlike the arrestment served to Rangers by sheriffs on behalf of HMRC, this is from a private company. They mean business.”


“@GweedoreHack: My sources tell me you can start the 7 day countdown from 9am on Monday 11th January 2016, or thereabouts, depending on traffic.”

[JeMeSouviens]

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No idea of anything about the tweeter but any way here goes for what it's worth.....

“@GweedoreHack: People wondering if the arrestment is true, it is. Also part of other orchestrated actions against Sevco that will become clear next week.”


“@GweedoreHack: Unlike the arrestment served to Rangers by sheriffs on behalf of HMRC, this is from a private company. They mean business.”


“@GweedoreHack: My sources tell me you can start the 7 day countdown from 9am on Monday 11th January 2016, or thereabouts, depending on traffic.”

Gweedore is a small village in Donegal, where our Dear Writer and syntactically challenged freelance hack, Phil Mc hangs out. Could be a parody, or a 2nd account? The plot, like his plodding prose, thickens!

[Ozyhibby]

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Gweedore is a small village in Donegal, where our Dear Writer and syntactically challenged freelance hack, Phil Mc hangs out. Could be a parody, or a 2nd account? The plot, like his plodding prose, thickens!

Claims he will release full details on Sunday night.


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[Treadstone]

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Claims he will release full details on Sunday night.

As JeMeSouviens surmises it is an absolute piss take of an account with P Mac as the target.

[doddsy]

I have no idea if the surmised action against the new rangers will happen or not. What is most interesting for me at this time is my lack of interest of reading any links to the ignorant rags like the record which pop up now and then from either trolls or the curious.

Whereby I once would click on and read such links with interest, I no longer do as I now know it will be propaganda for primarily the new rangers based on supposition and written with a clear bias in mind. I read John James and other hardy souls on the Net who I can determine with my independent mind based on their clear factual evidence what is the truth and not from the mindless brain damage that a rag such as the record will supply.

It is with great regret but also with a clear mindedness that I now realise that the record and others take you for a 'MUG' who will believe the biased nonsence they put out. The only caveat is.... what would replace them as people like us stop buying into their propaganda as I want a free and unbiased press which present fact and not biased drivel. One would hope for a brave new free press which is not beholden to the State or Masonic/Trade Union/Authoritarial bias and just give the truth to us the Public.. After all we are all made of the same stuff and the pish that some are better than others is just supercillious nonsence, they are not the 'People', we are all the same, made of the same gas and bone that the world and universe consists of, just trying to rub along as best we can.

I've had a couple of drinks tonight but stand by what I've said but feel free to rubbish it if you want to, no probs, I'm a big boy.

[hibbymick]

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I think that the Rangers fans will probably consider the relationship with SDM as similar to the way I remember my time with a former German hooker, it was a roller-coaster ride to hell and back but **** was the sex good.

Did he have a large moustache ?

[brog]

So here's the scenario.
MA as RIFC's largest creditor petitions for them to be put into admin as their position is unsubstainable. The business is being run at a continual loss, there is no bank support & the debt is rising to record levels due to soft loans & trading deficit. Further RIFC will not repay the MA loan without a change in legally binding t & c's re the MASH contract. RIFC go into admin & MA picks them up for a song. On the footy side, The Rangers, despite selling their best players & being hit with a 25 pt penalty make the play offs but gallantly fail at the final hurdle. MA has reduced his stake to 5% but is still effectively owner thru his proxy Derek L. The SFA quickly approve the deal. In 16/17 MA pumps money into New New Gers & they romp the league. Meanwhile DL agrees even more onerous & long term contracts with SD. On 17/18 MA sells NNR at a huge profit to a respectable, probably foreign buyer. Happiness all round!
Not sure if i dreamt this during a mainly sleepless night but i think certain parts of the above could happen. Please feel free to shoot down!

[Keith_M]

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I think that the Rangers fans will probably consider the relationship with SDM as similar to the way I remember my time with a former German hooker, it was a roller-coaster ride to hell and back but **** was the sex good.

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Did he have a large moustache ?

Apparently 'she' had a very prominent Adam's Apple.

[Jack]

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I have no idea if the surmised action against the new rangers will happen or not. What is most interesting for me at this time is my lack of interest of reading any links to the ignorant rags like the record which pop up now and then from either trolls or the curious.

Whereby I once would click on and read such links with interest, I no longer do as I now know it will be propaganda for primarily the new rangers based on supposition and written with a clear bias in mind. I read John James and other hardy souls on the Net who I can determine with my independent mind based on their clear factual evidence what is the truth and not from the mindless brain damage that a rag such as the record will supply.

It is with great regret but also with a clear mindedness that I now realise that the record and others take you for a 'MUG' who will believe the biased nonsence they put out. The only caveat is.... what would replace them as people like us stop buying into their propaganda as I want a free and unbiased press which present fact and not biased drivel. One would hope for a brave new free press which is not beholden to the State or Masonic/Trade Union/Authoritarial bias and just give the truth to us the Public.. After all we are all made of the same stuff and the pish that some are better than others is just supercillious nonsence, they are not the 'People', we are all the same, made of the same gas and bone that the world and universe consists of, just trying to rub along as best we can.

I've had a couple of drinks tonight but stand by what I've said but feel free to rubbish it if you want to, no probs, I'm a big boy.

I might go a step further and suggest that the interpretation and explanations provided by the more knowledgeable on here on the information provided by the bloggers is invaluable and I thank them for it.

[Dan Sarf]

http://www.independent.co.uk/news/bu...-a6803521.html

Aw no.

[doddsy]

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I might go a step further and suggest that the interpretation and explanations provided by the more knowledgeable on here on the information provided by the bloggers is invaluable and I thank them for it.

100% correct.

The interpretation and explanations from the free thinkers on here is invaluable. You are obviously an intelligent person yourself who wishes to inform not decieve unlike the Scottish Media, although one does not have to be deemed intelligent to understand the saga of oldco/newco rangers. Even the Jambos seem to get it and most consider them to have a great number of neanderthals among them. Jambo kickback has some cracking and somewhat humorous takes on the said saga. It proves one does not therefore have to be intelligent to get it if the Jambos can.

[greenginger]

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I can't see anything to that effect in the accounts.

Sorry Crops, missed that post.


http://rangers.co.uk/wp/wp-content/u...Report2015.pdf

Page 31 under Going Concern heading. 7th Blue dot down on page 31,

" The forecast cash flows assume conservative amounts generated from player sales. "

[Dashing Bob S]

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I have no idea if the surmised action against the new rangers will happen or not. What is most interesting for me at this time is my lack of interest of reading any links to the ignorant rags like the record which pop up now and then from either trolls or the curious.

Whereby I once would click on and read such links with interest, I no longer do as I now know it will be propaganda for primarily the new rangers based on supposition and written with a clear bias in mind. I read John James and other hardy souls on the Net who I can determine with my independent mind based on their clear factual evidence what is the truth and not from the mindless brain damage that a rag such as the record will supply.

It is with great regret but also with a clear mindedness that I now realise that the record and others take you for a 'MUG' who will believe the biased nonsence they put out. The only caveat is.... what would replace them as people like us stop buying into their propaganda as I want a free and unbiased press which present fact and not biased drivel. One would hope for a brave new free press which is not beholden to the State or Masonic/Trade Union/Authoritarial bias and just give the truth to us the Public.. After all we are all made of the same stuff and the pish that some are better than others is just supercillious nonsence, they are not the 'People', we are all the same, made of the same gas and bone that the world and universe consists of, just trying to rub along as best we can.

I've had a couple of drinks tonight but stand by what I've said but feel free to rubbish it if you want to, no probs, I'm a big boy.

Well I'm going to rubbish it and I'm astonished that anybody could write such nonsense about the Daily Record. I believe every word in that newspaper and I would trust it with my life.