Generic Sevco / Rangers meltdown thread

[Keith_M]

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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.

and if they insist that Craig Whyte has 'wealth off the radar', then who are we to doubt them.

[greenginger]

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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.

Its easy to get to the truth by reading the Daily Record.

Whatever is written , just believe the opposite and you won't be far wrong.

If they get the date right , its a misprint.

[Dashing Bob S]

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and if they insist that Craig Whyte has 'wealth off the radar', then who are we to doubt them.

To be fair the DR were perfectly correct. But sadly for the gullible Huns his wealth was so unimpressive it never actually got onto the radar in the first place.

[Bostonhibby]

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To be fair the DR were perfectly correct. But sadly for the gullible Huns his wealth was so unimpressive it never actually got onto the radar in the first place.

Agree, the devil is always in the details, for example Kings over investment, if the start point for ordinary investment is zero a thousand per cent of zero is still zero.

In whytes case I am guessing his wealth was so immeasurable that no on bothered to try to measure it, the ****** included. Shame as a bit of journalism might have revealed reality.

[CropleyWasGod]

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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. "

Gotcha, ta.

The Going Concern considerations look at the 12 months from the date of the signing of the accounts. ie, basically 2016. PMcG is therefore stretching it to suggest that they need player sales to see out the season, ie 5 months.

[Dashing Bob S]

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Agree, the devil is always in the details, for example Kings over investment, if the start point for ordinary investment is zero a thousand per cent of zero is still zero.

In whytes case I am guessing his wealth was so immeasurable that no on bothered to try to measure it, the ****** included. Shame as a bit of journalism might have revealed reality.

Investigative journalism in the mainstream media is long dead, and in this case I can't say I'm too sad about that.

[Ozyhibby]

http://www.philmacgiollabhain.ie/con...and-at-a-loss/


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[gorgie greens]

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http://www.philmacgiollabhain.ie/con...and-at-a-loss/


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very good article way down in the comments , sorry on work pc so dont want to put links and stuff up (working hard and all that)
Talkingbaws the piece goes on about Accrington Stanley chairman giving the huns dogs abuse about the handling of the signings of josh Windass and Matt Crook
the chairmans name is David Bumble Lloyd and his twitter account goes on about how the total disrespect and classless way of handling business .

[Libby Hibby]

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very good article way down in the comments , sorry on work pc so dont want to put links and stuff up (working hard and all that)
Talkingbaws the piece goes on about Accrington Stanley chairman giving the huns dogs abuse about the handling of the signings of josh Windass and Matt Crook
the chairmans name is David Bumble Lloyd and his twitter account goes on about how the total disrespect and classless way of handling business .

I just thought that David Lloyd was an Accrington celebrity fan, didn't think he was their Chairman.

[greenginger]

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Gotcha, ta.

The Going Concern considerations look at the 12 months from the date of the signing of the accounts. ie, basically 2016. PMcG is therefore stretching it to suggest that they need player sales to see out the season, ie 5 months.

I think including a " conservative sum " for player sales in their forecasts explains a lot.

I could never reconcile last seasons £ 9 million trading loss with a mere £ 2.5 million required to see them to the end of the season.

Sure they have increased revenue a bit and trimmed some costs, but not a £ 6.5 million swing in trading costs/revenue.

They stated they needed money for December , so my guess is they predicted the " conservative sum " would arrive during the January window.

Last season they had £ 1.1 million surplus in player trading, this year its pretty certain there will be no significant sales in the January window.

They do have the £ 5 million gathered to pay off the Ashley loan, I can see it being allocated to other uses.

[Col2]

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I think including a " conservative sum " for player sales in their forecasts explains a lot.

I could never reconcile last seasons £ 9 million trading loss with a mere £ 2.5 million required to see them to the end of the season.

Sure they have increased revenue a bit and trimmed some costs, but not a £ 6.5 million swing in trading costs/revenue.

They stated they needed money for December , so my guess is they predicted the " conservative sum " would arrive during the January window.

Last season they had £ 1.1 million surplus in player trading, this year its pretty certain there will be no significant sales in the January window.

They do have the £ 5 million gathered to pay off the Ashley loan, I can see it being allocated to other uses.

Interesting. But I thought they had transferred the £5m to Ashley/SD? Or are you suggesting that this hasn't happened/won't happen?

[CropleyWasGod]

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Interesting. But I thought they had transferred the £5m to Ashley/SD? Or are you suggesting that this hasn't happened/won't happen?

The Twotterati are suggesting that an offer of repayment has been made, but that there are conditions attached.

We can't know that yet. However, if the lifting of the security is lodged at Companies House, that will confirm the repayment of the loan. There's been no such lodgement yet.

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[Stonewall]

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I just thought that David Lloyd was an Accrington celebrity fan, didn't think he was their Chairman.

Listed as a director. Also is an ex-player.

[Col2]

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The Twotterati are suggesting that an offer of repayment has been made, but that there are conditions attached.

We can't know that yet. However, if the lifting of the security is lodged at Companies House, that will confirm the repayment of the loan. There's been no such lodgement yet.

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Thanks. Surprised (not) that MSM are not all over this....

[ancient hibee]

I see a young lad called Windass from Hull has been arrested over a shooting outside a McDonald's.Any relation I wonder- didn't old man Windass have a Hull connection?

[s.a.m]

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I see a young lad called Windass from Hull has been arrested over a shooting outside a McDonald's.Any relation I wonder- didn't old man Windass have a Hull connection?

I was wondering if they were related too. Funnily enough, I was trying to remember Dean Windass' name for a recent 'most disliked player' thread...

[greenginger]

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The Twotterati are suggesting that an offer of repayment has been made, but that there are conditions attached.

We can't know that yet. However, if the lifting of the security is lodged at Companies House, that will confirm the repayment of the loan. There's been no such lodgement yet.

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JJ now of the opinion the £ 5 million has now been delivered.

https://johnjamessite.wordpress.com/...ment/#comments

[Moulin Yarns]

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I was wondering if they were related too. Funnily enough, I was trying to remember Dean Windass' name for a recent 'most disliked player' thread...

According to Wiki

Josh and Jordan Windass are the names of his children

[s.a.m]

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According to Wiki

Josh and Jordan Windass are the names of his children

[Bostonhibby]

Got to love Mike Ashley, whilst the current the rangers board are passing the hat round and maybe or maybe not raking up £5m to keep the wolf from the door for a few weeks big Mike is betting £15m during what sounds like a decent boozy lunch!

Loving the fact that he is in dispute with a Mr Blue, where does it all end.

From business insider.

"Back in 2013, Mike Ashley had a drink with Jeff Blue, a former Merrill Lynch banker, and three other bankers from Espirito Santo, according to The Times. During that two-and-a-half hour session in the Horse and Groom pub in Great Portland Street, London, Ashley allegedly promised to pay Blue £15 million if Blue could persuade The City not to be hostile to Ashley's company, and if its stock would rise from £4 to £8 a share.

The stock did eventually hit £8, and now Blue is suing Ashley to get the payment he claims he is owed, The Times reported.

According to the High Court claim, the retail billionaire agreed to pay Mr Blue if he could double Sports Direct’s share price from just under £4 to £8, increasing the value of Mr Ashley’s stake by about £1.6 billion.

In Mr Blue’s account of the deal, which is contested by Mr Ashley, it was claimed that the Sports Direct founder said: “What should I do to incentivise Jeff? If he can get the stock to £8 per share why should I give a f*** how much I have to pay him [...] I will have made so much money it doesn’t matter.”

Initially, Mr Ashley proposed £10 million, but after Mr Blue pointed out that £8 a share was a “high target” he agreed to a fee of £15 million, the document says. Three bankers from Espirito Santo were there when the pact was struck, with one said to have suggested that £20 million would be more appropriate.

Through March 2014, BlackRock Merrill Lynch Investment Managers, Alken Asset Management, Aviva and Standard Life all invested in Sports Direct, and the stock rose, Blue alleges. Ashley paid him £1 million but welched on the remaining £14 million, Blue claims. Blue left Sports Direct in March 2015, according to his LinkedIn profile.

Ashley denies the claims, but admits “a considerable amount of alcohol” was drunk that night".

[CropleyWasGod]

https://examplewordpresscom7073.word...angers-assets/

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[grunt]

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https://examplewordpresscom7073.word...angers-assets/

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Is it me, or does that document look sort of pasted together?
What are those lines around the different sections of the page?

[Jack]

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https://examplewordpresscom7073.word...angers-assets/

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So they've got the training centre back then?

As I assume nothing will we see any independent announcement around the car park and the badge?

[Jack]

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Is it me, or does that document look sort of pasted together?
What are those lines around the different sections of the page?

Cheap civil service photocopiers that need a service.

[grunt]

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Cheap civil service photocopiers that need a service.

Ah, ok, got you.

[greenginger]

If Glibby can get counsel to stand up in the High Court in London and falsely state £ 5 million had been repaid , I'm sure he could get an Agent to submit an application to have a security removed without any checking

[Brunswickbill]

[QUOTE=CropleyWasGod;4543735]https://examplewordpresscom7073.word...angers-assets/

It will be interesting to see if the securities continue to be held by RIFC or if they are transferred to individuals, possibly those who have loaned money to the club.

I can't help feeling that there will be pressure on MA and DK from their business colleagues / co-conspirators to ease up on the hostility as it is not doing either business much good. But lets hope that bloody mindedness prevails

[CropleyWasGod]

[QUOTE=Brunswickbill;4543830]

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https://examplewordpresscom7073.word...angers-assets/

It will be interesting to see if the securities continue to be held by RIFC or if they are transferred to individuals, possibly those who have loaned money to the club.

I can't help feeling that there will be pressure on MA and DK from their business colleagues / co-conspirators to ease up on the hostility as it is not doing either business much good. But lets hope that bloody mindedness prevails

If the securities have been discharged, then nobody holds them. They don't exist.

When the new loans were announced, it was said that they would be on the same terms as the old one. That suggests to me that the new lenders will be granted new securities.

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[CropleyWasGod]

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So they've got the training centre back then?

As I assume nothing will we see any independent announcement around the car park and the badge?

It's easy to check with the Land Registry and Companies House.

You know you want to :)

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[wookie70]

It's the Registers of Scotland not the Land Registry! Looks like that security has been discharged but that is no guarantee there aren't others. Was that the security for the £5 Million.