Generic Sevco / Rangers meltdown thread

[Smartie]

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Nicky Clark is, I think, the son of the ex Hearts and Rangers galoot Sandy Clark

Yep, he is.

Scored a bucketload for QoS when they were in League 1 then joined The Rangers when they were promoted to that league.

I don't think he's a world-beater but he is a handy enough penalty box striker who gets goals for teams who create a lot of chances.

I'd play him before Kenny Miller every time.

[Brunswickbill]

JJ on court cases and the Rangers supporting Justice Smith https://johnjamessite.wordpress.com/...f-last-resort/

Today in the Court of Session P1266/15 Mash Holdings Ltd under Section 996 of the Companies Act relating to the RIFC resolution to strip MA of his voting rights at the AGM. Expect Sandy Easdale to follow suit.

Friday 15 January procedural hearing at Court of Session in respect of Charles Green’s appeal against the court’s decision to refuse his application to force RIFC to pay his legal fees for the fraud case involving the purchase of RFC assets.

[Ozyhibby]

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[Brunswickbill]

James Doleman has Ticketus V Whyte and others at the Royal Courts of Justice Chancery Division tomorrow 14 January. Likely to be procedural.

[Bostonhibby]

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Nicky Clark is, I think, the son of the ex Hearts and Rangers galoot Sandy Clark

Wasn't he an ex hearts and now defunct Glasgow rangers leg end? The big flabby flatulent bit at the top end of the leg.

[greenginger]

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James Doleman has Ticketus V Whyte and others at the Royal Courts of Justice Chancery Division tomorrow 14 January. Likely to be procedural.

and Green v TRFC on Friday 15th , appeal to get legals paid by Sevco .

[Iain G]

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Nicky Clark is, I think, the son of the ex Hearts and Rangers galoot Sandy Clark

Thought he was a hairdresser?!

[greenginger]

https://johnjamessite.wordpress.com/


JJ has supplied a very handy Court diary for Sevco and friends.

[Ozyhibby]

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https://johnjamessite.wordpress.com/


JJ has supplied a very handy Court diary for Sevco and friends.

Ah, good. Mines was getting out of date. I'll cut and paste to my notes.


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[Keith_M]

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https://johnjamessite.wordpress.com/


JJ has supplied a very handy Court diary for Sevco and friends.

"The threat to Rangers is insolvency and a 15 points deduction. The same club argument will be flipped on its head to avoid a twenty-five point penalty."


I think he may be mistaken as I posit that it is now 25 points for any insolvency event, not just for the second.

[CropleyWasGod]

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"The threat to Rangers is insolvency and a 15 points deduction. The same club argument will be flipped on its head to avoid a twenty-five point penalty."


I think he may be mistaken as I posit that it is now 25 points for any insolvency event, not just for the second.

It's 25 for a second insolvency within 5 years, even when the owners have changed.

Plus 15 for the following season.

[Brunswickbill]

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https://johnjamessite.wordpress.com/


JJ has supplied a very handy Court diary for Sevco and friends.

A useful list right enough.

He seems to have missed MA's Judicial Review of SFA fine of £1000 for dual ownership / undue influence on Sevco board. Court of Session due on 4 February according to The Daily Record http://www.dailyrecord.co.uk/sport/f...unches-6823074

Or has MA changed his mind?

I see that someone has asked him about the Industrial Tribunal relating to holiday pay for players but he hasn't responded. Does anyone have any information on this?

[Houchy]

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I hear that the The Gers have signed up with the same company as sponsor Borussia Dortmund's 'Signal iduna park.

Ibrox is to be re named the 'Nae Signal iduna park' ...

I was told by a virgin that the talk talk is that it's all Ronni Dialups fault.

[CB_NO3]

http://www.dailyrecord.co.uk/sport/f...bigger-7180942

Hehe, this is nearly as good as the Yams Tumbola a few years back.

[Ozyhibby]

http://m.heraldscotland.com/news/142...n_his_for_now/

SPORTS Direct owner Mike Ashley’s grip over key Rangers assets has been released, it has been revealed.
Securities held by the billionaire Sports Direct and Newcastle United owner over property including the Murray Park training ground, Edmiston House and Albion car park have been released in the last few days, according to Registers of Scotland documents. (StateAid nut was right)
However the Intellectual Property Office said it was unaware of any active moves or applications being made to release Sports Direct’s hold on the club’s valuable trademarks and badges.
An IPO spokesman said: “The owner of the UK-specific trademarks of Rangers are still owned SportsDirect.com Retail Ltd. There is no information that this is likely to change at present.”
The development comes over a week after Rangers announced it had taken out a £6.5 million loan from associates of club chairman Dave King – most of which would be used to pay off a £5 million emergency loan to Mike Ashley’s Sports Direct – which gave the company security over vital club assets.
Newcastle owner Ashley, who has a near 9% share in Rangers, gave the Scottish Championship club the money to help them remain solvent.
Registers of Scotland confirmed that application to discharge the securities over the assets was made by representatives of Sports Direct.
On Christmas Eve Rangers said that repayment of the loan was made that would see security over the Murray Park training base, the Albion car park, Edmiston House and their registered trademarks returned to their control.
As Sports Direct never confirmed receipt of Rangers money, the securities release is the first sign that Mr Ashley has accepted full reimbursement of the loan.
Confusion over the whether the loan was being paid off began a month ago, when a continuing bitter legal dispute between Mr Ashley and Mr King took a new twist with a courtroom denial that the Ibrox club had actually repaid a £5m loan to the billionaire businessman.
The legal team acting for King had told a High Court hearing in London that the loan had been repaid to Ashley in full.
However, on the second day of a legal dispute hearing, David Quest QC, acting for Ashley, told a judge that was not the case. Mr Quest said the claim had come as a surprise and been investigated.
He said that they were still in the process of collecting the funds in order to make the repayment and were still waiting to collect another £500,000.
The Rangers International Football Club plc board had previously said it was not in the club’s interests to repay the loan.
Speaking at the club’s AGM in November Mr King explained the decision to go back on a previous pledge not to return the money to Sports Direct, which was not repayable on demand and had no fixed repayment date.
A host of Rangers and club-related trademarks and logos including the famous RFC Scroll crest and the Ready logo were held by Mr Ashley and Sports Direct as security against the £5 million loan, taken by the club at the start of last year.
Ashley also had the right to appoint two directors to the board for the duration of the loan facility, tightening the Newcastle owner’s grip on the club.
In May, last year, Ashley called for an extraordinary meeting to pay back his £5m, even though it is understood the sum was payable on demand. The motion failed to receive the necessary backing from shareholders.
Through his Sports Direct empire, Ashley controls Rangers’ retail and merchandise streams and King and his fellow directors have been keen to renegotiate the deals to secure more favourable terms for Rangers.
The Newcastle United owner has launched a series of legal moves against the board in recent months while supporters continue to boycott official shops and Sports Direct outlets in protest at his controversial relationship with the club.
The Herald understands that any repayment will not have an effect on Mike Ashley’s control over the Rangers Retail joint-venture.
In January, last year, Sports Direct were given a further 26 percent of shares in Rangers Retail to add to the 49 percent which was already owned by the English businessman. It was a condition of the £5 million emergency loan to the club.
Even if the loan is paid off and Sports Direct did not have control of the shares, Mr Ashley would still have control of the company which runs the club’s entire retail and merchandise operation, including the club’s Rangers Megastore.
That is because only Sports Direct has A shares in the operation and even with 49 per cent of Rangers Retail, they are twice as valuable when it comes to voting. That’s because each A share receives two votes instead of just one on “Financial Matters”.
In November it emerged Mr Ashley, who is also Newcastle United owner, joined the Rangers Retail board with club chairman Dave King.
The billionaire Sports Direct chief had already been the ultimate controlling party of the division but after his appointment, his people outnumbered King’s by three to two.
The Rangers Retail board remains made up of four directors, Mr King and Rangers International Football Club plc director Paul Murray alongside Ashley, Sports Direct International chief executive David Forsey. Sports Direct’s head of legal Cameron Olsen is both company secretary of Rangers Retail and SDI.
The Rangers Retail registered office also remains at Sports Direct International HQ in Shirebrook, Derbyshire.
Mr King has previously admitted that the speed in which the Sports Direct loan would be paid off would be down to the company.
Can anyone explain on what basis Ashley is able to hold on to the IP assets for now?

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[CropleyWasGod]

WI-FI at Ibrox will now be jointly supplied by EE/BT. Although it's just a loan.

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[Keith_M]

Any truth in the rumour that a Power Card Meter has been installed at Ibrox due to unpaid Leccy Bills?

[Bill Milne]

Watched the Bread Man on TV the other night. As usual, he is denying that the The Huns have made any bids for players. Obviously, St Johnstone are adamant that the The Huns have made two bids for O'Halloran. Clearly then, one side is lying. I think we should be told, though I have my suspicions!!

[greenginger]

Mr Doleman reporting from court re Chuckie's claim for legals.


https://twitter.com/jamesdoleman?lang=en


Sorry, got that wrong, its the WiFi mob !

[Bostonhibby]

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Any truth in the rumour that a Power Card Meter has been installed at Ibrox due to unpaid Leccy Bills?

Don't think so, they have made a deliberate decision to help the environment by powering everything directly from the hot air generated whenever the warbler starts talking transfers.

Its all part of making Ibrox greener.

[Jim44]

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Watched the Bread Man on TV the other night. As usual, he is denying that the The Huns have made any bids for players. Obviously, St Johnstone are adamant that the The Huns have made two bids for O'Halloran. Clearly then, one side is lying. I think we should be told, though I have my suspicions!!

Despite his upfront persona of a 'respectable', clear talking individual, I think he is a devious, fast talking liar. Sevco have made bids for O'Halloran and Diagouraga, which have been rejected. If they hadn't made any sort of bid, why would Warburton be complaining of being held to ransom?

[grunt]

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Mr Doleman reporting from court re Chuckie's claim for legals.


https://twitter.com/jamesdoleman?lang=en


Sorry, got that wrong, its the WiFi mob !

There's so many it gets confusing!

[Jim44]

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http://www.dailyrecord.co.uk/sport/f...bigger-7180942

Hehe, this is nearly as good as the Yams Tumbola a few years back.

How does this sit with the fact that MA/SD still hold rights on trademarks etc.?

[Ozyhibby]

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Mr Doleman reporting from court re Chuckie's claim for legals.


https://twitter.com/jamesdoleman?lang=en


Sorry, got that wrong, its the WiFi mob !

Looks like it delayed till 11am.


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[brog]

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Despite his upfront persona of a 'respectable', clear talking individual, I think he is a devious, fast talking liar. Sevco have made bids for O'Halloran and Diagouraga, which have been rejected. If they hadn't made any sort of bid, why would Warburton be complaining of being held to ransom?

Spot on! Warbs as Brentford Manager pays Sevco £1m for Lewis MacLeod, who has not started a game for Brentford. Wards as Sevco manager tries to buy a Brentford player for 10% of his nominal value & does similarly with O'Halloran, who I think should be in a similar value range to JC. He then has the cheek to say he won't be held to ransom! How can Dick Turpin be held to ransom!!?

[lapsedhibee]

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He then has the cheek to say he won't be held to ransom!

He's possibly confusing his respectful self with Arthur Ransome, who made a living making up stories that children might believe.

[Weststandwanab]

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He's possibly confusing his respectful self with Arthur Ransome, who made a living making up stories that children might believe.

And damn good books they were too.

Maybe a version of Swallows and Amazon's could be applied here to Sevco, respectfully of course !

[Moulin Yarns]

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And damn good books they were too.

Maybe a version of Swallows and Amazon's could be applied here to Sevco, respectfully of course !

And we now the name of the character that Warby most resembles clue: Third eldest Walker

[Bostonhibby]

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And we now the name of the character that Warby most resembles clue: Third eldest Walker

Terry butcher

[Weststandwanab]

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Looks like it delayed till 11am.


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Case about to start, apparently