Generic Sevco / Rangers meltdown thread

[matty_f]

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[Eyrie]

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JohnJames and Phil Macg blogs both stating that Brian Kennedy showing an interest in buying control of Rangers on the proviso that King goes.

Kennedy could have formed Sevco for buttons himself after the original Huns were liquidated, so I'd be very surprised if he was willing to now give more money to King for a basket case.

Besides, the Ibrox pitch is too small and the stands too big for it to be used for rugby.

[CropleyWasGod]

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Kennedy could have formed Sevco for buttons himself after the original Huns were liquidated, so I'd be very surprised if he was willing to now give more money to King for a basket case.

Besides, the Ibrox pitch is too small and the stands too big for it to be used for rugby.

That's not quite true.

He offered ...as part of the Blue Knights, I think......a couple of million. That was rejected and the Green Knights offer of 5.5m was eventually accepted.

However, I too would be surprised if he gets involved this time. If anything, he'll wait for the next implosion.

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[Ozyhibby]

Anybody serious about sorting out that club knows it needs administration to get rid of all the dodgy deals that have been done and also lose the debt that is already been built up. The only way to avoid that is to put a lot of money in.


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[CropleyWasGod]

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Anybody serious about sorting out that club knows it needs administration to get rid of all the dodgy deals that have been done and also lose the debt that is already been built up. The only way to avoid that is to put a lot of money in.


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Not sure administration would get rid of the contracts.

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[Keith_M]

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Not sure administration would get rid of the contracts.

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Liquidation?

[Jack Hackett]

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Not sure administration would get rid of the contracts.

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A 25pt penalty wouldn't be good for their title aspirations either

[HoboHarry]

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A 25pt penalty wouldn't be good for their title aspirations either

Would help everyone else's aspirations towards relegation for them though .......

[Bostonhibby]

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Anybody serious about sorting out that club knows it needs administration to get rid of all the dodgy deals that have been done and also lose the debt that is already been built up. The only way to avoid that is to put a lot of money in.


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Agree, but surely it can only be a matter of time before dodgy Dave starts the much spouted about over investment? That'll make all the problems go away!

He's trading badly off their current cash flow right now. Nae new money and probably hoping for a sale with a reasonable profit, same as when he started

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[Jim44]

Chris Sutton on Warburton today :


But Warburton first hit out at the "negativity" in Thursday’s media conference then attempted to put a positive spin on the County draw on Saturday – much to Sutton’s disgust.

Analysing Inverness v Celtic today for BT Sport, the Record Sport columnist said: "Bad management on the pitch, bad management off it.

Rangers boss Mark Warburton staggered by negativity after 5-1 Celtic thrashing as he blasts: 'Nobody died'

"They’ve just had their pants pulled down by their biggest rivals and he’s coming out moaning about negativity?

"The job’s too big for him in my view. This isn’t Brentford. This isn’t the City. And he’s coming out with "it’s the best performance of the season? Do me a favour!"

[majorhibs]

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It was reported Paul Murray had instigated contact with Mr Kennedy without Lying King's approval. Don't know how truthful that actually is. I would suspect the Lying King would be fully informed and expecting top rate if Mr Kennedy had been approached.

Mr Kennedy apparently has deep pockets, my advice to him would be to stay clear of such a volatile investment.



GGTTH

Kennedy has talked his talk for years. Ask Stockport fans, after taking over them the only walk for Stockport was off the end of the plank! A shyster who I really hope gets involved wi the huns. What is it about that club that they seem to attract the biggest cowboys going? Could it be the biggest crooks looking for the easiest targets, spot something in the huns, that us mere mortals cant?

[Saturday Boy]

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That's not quite true.

He offered ...as part of the Blue Knights, I think......a couple of million. That was rejected and the Green Knights offer of 5.5m was eventually accepted.

However, I too would be surprised if he gets involved this time. If anything, he'll wait for the next implosion.

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Blue Knights, Green Knights, and yet it looks like they've ended up with the Baron Knights.

One for the older netters

[HoboHarry]

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Blue Knights, Green Knights, and yet it looks like they've ended up with the Barren Knights.

One for the older netters

Fixed that for you......

[Saturday Boy]

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Fixed that for you......

Nice

[northstandhibby]

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Kennedy has talked his talk for years. Ask Stockport fans, after taking over them the only walk for Stockport was off the end of the plank! A shyster who I really hope gets involved wi the huns. What is it about that club that they seem to attract the biggest cowboys going? Could it be the biggest crooks looking for the easiest targets, spot something in the huns, that us mere mortals cant?

Just googled Stockport and Brian Kennedy.

You are spot on my friend. Seems Mr Kennedy took them over and ended up shafting them by basically pirating their stadium. Appears to be of the same ilk of Craig White.

What a bunch of greedy barstewards. I feel sorry for Stockport.

GGTTH

[CropleyWasGod]

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A 25pt penalty wouldn't be good for their title aspirations either

They have about a year to hang on before that 25 drops to 15.

[AndyM_1875]

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Kennedy has talked his talk for years. Ask Stockport fans, after taking over them the only walk for Stockport was off the end of the plank! A shyster who I really hope gets involved wi the huns. What is it about that club that they seem to attract the biggest cowboys going? Could it be the biggest crooks looking for the easiest targets, spot something in the huns, that us mere mortals cant?

Yep. He tried to buy us back in 1998 but Sir Tom was having none of it. Whatever anyone thinks of STF he has a remarkable capacity for spotting an absolute spoofer a mile off. He did the same when that Celtc minded shyster David Low came calling a couple of years back telling us Hibs fans that our club was worthless. These guys all talk the talk. But it takes bigger balls to actually deliver.

[magpie1892]

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They have about a year to hang on before that 25 drops to 15.

Gonna be a long year then. Skint by December without a massive cash injection from somewhere - but where? You're talking at least £10m to fix the crumbling stadium and cover their massive cost base - and this is money that you'd just have to write off straight away. They're due Barton £2.6m over the remainder of his contract, for example. Another liquidation appears more and more likely.

A second liquidation throws up an interesting question - will hun v3.0 be able to take their Div 3,2,Championship and Petrofac Cup-winning history with them when they re-emerge?

[Ozyhibby]

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Gonna be a long year then. Skint by December without a massive cash injection from somewhere - but where? You're talking at least £10m to fix the crumbling stadium and cover their massive cost base - and this is money that you'd just have to write off straight away. They're due Barton £2.6m over the remainder of his contract, for example. Another liquidation appears more and more likely.

A second liquidation throws up an interesting question - will hun v3.0 be able to take their Div 3,2,Championship and Petrofac Cup-winning history with them when they re-emerge?

Unless they are owe the tax man again then they are likely to get a CVA. Although that may not be the preferred option for them to make a clean break from the dodgy contracts.


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[Jack Hackett]

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Gonna be a long year then. Skint by December without a massive cash injection from somewhere - but where? You're talking at least £10m to fix the crumbling stadium and cover their massive cost base - and this is money that you'd just have to write off straight away. They're due Barton £2.6m over the remainder of his contract, for example. Another liquidation appears more and more likely.

A second liquidation throws up an interesting question - will hun v3.0 be able to take their Div 3,2,Championship and Petrofac Cup-winning history with them when they re-emerge?

I'm sure it will be up for grabs for a quid...just about what it's worth

[magpie1892]

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Unless they are owe the tax man again then they are likely to get a CVA. Although that may not be the preferred option for them to make a clean break from the dodgy contracts.


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Don't see how a CVA is any use to them. It won't fix the stadium, and it won't settle the VAT on their season ticket sales, which I believe has yet to be paid. OK, they'd be able to get rid of Barton, Senderos and Krancjar - a trio they obviously wish they'd never signed - but could see their better players walking also. That, and the points deduction will see them more likely to get relegated than win their, ahem, 55th title (!)

It's hard to see a way out for them other than liquidation unless they can find someone who can afford, and is minded to, write off at least £10m. Even then, they have to slash their cost base, which still - having apparently learned nothing from 2012 - massively outstrips their incomings. The season ticket money will last them until December and after that, the pot is empty. Ashley has effectively turned their usual (and not insignificant) merchandising revenue into an income stream for Sports Direct.

Nearly time to break out the popcorn again.

[jacomo]

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Chris Sutton on Warburton today :


But Warburton first hit out at the "negativity" in Thursday’s media conference then attempted to put a positive spin on the County draw on Saturday – much to Sutton’s disgust.

Analysing Inverness v Celtic today for BT Sport, the Record Sport columnist said: "Bad management on the pitch, bad management off it.

Rangers boss Mark Warburton staggered by negativity after 5-1 Celtic thrashing as he blasts: 'Nobody died'

"They’ve just had their pants pulled down by their biggest rivals and he’s coming out moaning about negativity?

"The job’s too big for him in my view. This isn’t Brentford. This isn’t the City. And he’s coming out with "it’s the best performance of the season? Do me a favour!"

Chris Sutton's opinion won't mean much to yer average Hun, but the loss of the magic hat is starting to show.

[Smartie]

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Don't see how a CVA is any use to them. It won't fix the stadium, and it won't settle the VAT on their season ticket sales, which I believe has yet to be paid. OK, they'd be able to get rid of Barton, Senderos and Krancjar - a trio they obviously wish they'd never signed - but could see their better players walking also. That, and the points deduction will see them more likely to get relegated than win their, ahem, 55th title (!)

It's hard to see a way out for them other than liquidation unless they can find someone who can afford, and is minded to, write off at least £10m. Even then, they have to slash their cost base, which still - having apparently learned nothing from 2012 - massively outstrips their incomings. The season ticket money will last them until December and after that, the pot is empty. Ashley has effectively turned their usual (and not insignificant) merchandising revenue into an income stream for Sports Direct.

Nearly time to break out the popcorn again.

What exactly is wrong with the stadium and how urgent are the repairs that are needed?

I've heard "the state of Ibrox" brought up many times but I don't know what the specifics are.

I remember seeing a picture of something coming off the Govan Stand roof but I don't know how serious that was/ expensive to fix.


It all went a bit quieter on their problems for a bit so I assumed they were out of the woods. The main sticking point that I see them having going forward is keeping "the hordes" onside when they are clearly and palpably unable to compete with Celtic. This will probably play out next year when they can't sell enough season tickets.Whilst they might moan about their time in the lower leagues, they were still able to win every week. If they'd been parachuted straight back into the Premier and had to play with the guff that was left behind after their previous insolvency event then they'd have been pumped every week. Instead of having the fans rallying behind their club and their perceived injustice I reckon the new club would have already withered away and died (again).

[Iain G]

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Kennedy has talked his talk for years. Ask Stockport fans, after taking over them the only walk for Stockport was off the end of the plank! A shyster who I really hope gets involved wi the huns. What is it about that club that they seem to attract the biggest cowboys going? Could it be the biggest crooks looking for the easiest targets, spot something in the huns, that us mere mortals cant?

It could have been us!! Lucky escape I think? From what I recall his entire business case for Hibs involved re-signing Darren Jackson...

[Radium]

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What exactly is wrong with the stadium and how urgent are the repairs that are needed?

I've heard "the state of Ibrox" brought up many times but I don't know what the specifics are.

I remember seeing a picture of something coming off the Govan Stand roof but I don't know how serious that was/ expensive to fix.


It all went a bit quieter on their problems for a bit so I assumed they were out of the woods. The main sticking point that I see them having going forward is keeping "the hordes" onside when they are clearly and palpably unable to compete with Celtic. This will probably play out next year when they can't sell enough season tickets.Whilst they might moan about their time in the lower leagues, they were still able to win every week. If they'd been parachuted straight back into the Premier and had to play with the guff that was left behind after their previous insolvency event then they'd have been pumped every week. Instead of having the fans rallying behind their club and their perceived injustice I reckon the new club would have already withered away and died (again).

Source is JJ but can't find another ATM.




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[magpie1892]

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What exactly is wrong with the stadium and how urgent are the repairs that are needed?

I've heard "the state of Ibrox" brought up many times but I don't know what the specifics are.

I remember seeing a picture of something coming off the Govan Stand roof but I don't know how serious that was/ expensive to fix.

Good question, and I don't have the specifics either. I do know, though, that a number of individuals (various Celtc bloggers - twats like Phil Wotsisname, etc.) but also actual media organisations have contacted the hun press office (basically Mangetout Traynor) looking for details and answer there came none. I'm also led to believe that Glasgow City Council have expressed concern about the three stands that went up in the early 1980s from a safety perspective, and that that concern is still 'live'.

[greenginger]

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What exactly is wrong with the stadium and how urgent are the repairs that are needed?

I've heard "the state of Ibrox" brought up many times but I don't know what the specifics are.

I remember seeing a picture of something coming off the Govan Stand roof but I don't know how serious that was/ expensive to fix.


It all went a bit quieter on their problems for a bit so I assumed they were out of the woods. The main sticking point that I see them having going forward is keeping "the hordes" onside when they are clearly and palpably unable to compete with Celtic. This will probably play out next year when they can't sell enough season tickets.Whilst they might moan about their time in the lower leagues, they were still able to win every week. If they'd been parachuted straight back into the Premier and had to play with the guff that was left behind after their previous insolvency event then they'd have been pumped every week. Instead of having the fans rallying behind their club and their perceived injustice I reckon the new club would have already withered away and died (again).

On Friday 16 th Rangers lodged a section 89 building warrant application with Glasgow council, number 16/02690/s89 , to allow the playing of football matches at Ibrox Stadium.
A section 89 application is for continued use of a structure.

Ive no idea if it's to do with the stand roofs or some minor matter, but I'm sure the daily rags will be on it if there's anything to report.

[Moulin Yarns]

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On Friday 16 th Rangers lodged a section 89 building warrant application with Glasgow council, number 16/02690/s89 , to allow the playing of football matches at Ibrox Stadium.
A section 89 application is for continued use of a structure.

Ive no idea if it's to do with the stand roofs or some minor matter, but I'm sure the daily rags will be on it if there's anything to report.

Section 89 of the Civic Government (Scotland) Act 1982 requires that no person shall use or permit the use of a raised structure for seating or standing accommodation unless such use has been approved by the local authority. Certain raised structures are exempt from this including any structure that has been granted a building warrant.

I think this refers to a temporary structure.

Looking at Glasgow City portal it refers to the application in relation to a Football Match.

[greenginger]

https://www.glasgow.gov.uk/index.aspx?articleid=17341

maybe it's because they have not got a completion certificate for the stand repair work.

[greenginger]

https://publicaccess.glasgow.gov.uk/...=ODLE5LEX09500

that is the application.