Generic Sevco / Rangers meltdown thread

[Prof. Shaggy]

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A lie which cost me a couple grand. I had a bet on them being relegated that I put on purely incase they had points deducted!

...and which may have had an impact on the duration of our own stay in the second tier?

[southern hibby]

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Thanks for sharing, suspect your passenger was either Bryan Jackson or the finance director of HWU

It's a bit like the yam saying what happened to the smaller creditors did them a favour as they'd only have wasted the money on food and paying their way anyway, or lord George saying that it was alright because the Lithuanian government had a pension protection scheme.

Not sticking up for them in any way shape or form, but told that to stand a chance of getting financial help they had to prove what facilities they offer general public and what financial help they offer too. Was also told that helping out a major football club ( not sure if this was ment as financial or with training facilities, though the way it came over to me was training facilities ) it would be a major tick in the box for HW Uni.

GGTTH

[MrSmith]

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Not sticking up for them in any way shape or form, but told that to stand a chance of getting financial help they had to prove what facilities they offer general public and what financial help they offer too. Was also told that helping out a major football club ( not sure if this was ment as financial or with training facilities, though the way it came over to me was training facilities ) it would be a major tick in the box for HW Uni.

GGTTH

From recollection, public monies and or funding to FE/HE cannot be used to support private industry as it cannot be seen to be helping one private company against another. So for a football club, I don't think the tick would apply. Local and community engagement would.

[HoboHarry]

Maybe CWG will have some good insight into this question as this is the bit that I just don't get. The following is copied from JJ's article this morning and I too have wondered many times why they are continuing to rack up debt:

"However word reaches me that Warburton has retained counsel from the top drawer of employment law litigators. A remittance demanding the entire amount of his contract, and his £500,000 bonus from last year, was sent by courier to Stewart Robertson. This robustly worded missive is soliciting £2.2m. If the matter is settled in court, as per the threat by Warburton’s counsel, there won’t be much change out of £2.5m. There is also the embarrassment of an attempt to ring-fence the £2.5m, only to find that the cupboard is bare.

It’s something of a desperate gamble by a desperate board as Warburton’s counsel has King bang to rights. The circa £300,000 of both sides’ court costs will not deter King. He will fancy his chances with the Scottish judiciary. A wink is as good as a bared nipple to this august body of Freemasons.

Is King playing for time until next season’s ticket revenue kicks in? Given that £3.75m has to be found to keep the lights on, would a full settlement and a £6m debt bring the curtains down? There are those in the know who are whispering administration, but this would not be sufficient to get the Ashley monkey off their backs."

So why would they continue towards ST time if there is going to be no money left anyway? What exactly is in it for King to continue down this ridiculous financial path?

[Seveno]

Re the story that Warburton resigned because he thought he was getting the Notts Forest job, only for that to be pulled at the last minute, seems nonsense to me.

i cannot believe that the Magic Hat would throw away a winning lead in injury time.

[JackLadd]

Is going to be a race between Big Mike and the Hat to get their money from the career criminal. Methinks liquidation will ensue; I can't see either party voting for a few pennies in the pound. That will mean a feeding frenzy on the Sevco corpse. Regan and Dungcaster of course will exclaim same club on whatever monstrosity emerges and warn of civil disturbances if the reanimated newco are not parachuted into the prem while they confer 54 titles. They should all be jailed.

[Ozyhibby]

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Is going to be a race between Big Mike and the Hat to get their money from the career criminal. Methinks liquidation will ensue; I can't see either party voting for a few pennies in the pound. That will mean a feeding frenzy on the Sevco corpse. Regan and Dungcaster of course will exclaim same club on whatever monstrosity emerges and warn of civil disturbances if the reanimated newco are not parachuted into the prem while they confer 54 titles. They should all be jailed.

I can't see them not getting a CVA, although who would put together the offer would be interesting. And Ashley would still be there.


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[GlesgaeHibby]

It's only a matter of time before the **** really hits the fan at Ibrox.

Total revenue for the years ended June 2015 and 2016 was £38.5m with total expenditure at £51.7m.

With a supposed £3.75m required to keep the lights on until the end of the season, Warbo and his cronies £2.2m payoff likely to hit at some point in the next few months and the potential £5m court case win for Mike Ashley it's surely a matter of when, not if, they go bust again.

[Hibernia&Alba]

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It's only a matter of time before the **** really hits the fan at Ibrox.

Total revenue for the years ended June 2015 and 2016 was £38.5m with total expenditure at £51.7m.

With a supposed £3.75m required to keep the lights on until the end of the season, Warbo and his cronies £2.2m payoff likely to hit at some point in the next few months and the potential £5m court case win for Mike Ashley it's surely a matter of when, not if, they go bust again.

Posts like these arouse me more than any porn site ever could.

[Eyrie]

From the Scotsman gossip column

Rangers want director of football

Rangers will look to appoint a director of football along with a new manager to replace Mark Warburton.

MD Stewart Robertson told Rangers TV that the Ibrox outfit should be looking to act like a “modern football club” which retains an identity between managers. (Daily Record)

They'll find it impossible to drag their support kicking and screaming out of the 90s (1690s, that is).

But retaining an identity between managers will be a doddle after "retaining" an identity between two very separate football teams.

[GreenLake]

Warburton vs King - a tragic spat.

[GlesgaeHibby]

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Posts like these arouse me more than any porn site ever could.

I got strange looks in work yesterday when I cheered loudly reading twitter on my phone - read a tweet that said 'Rangers enter Administration' not realising it was a special 5 year anniversary tweet. Still funny though, and can't wait for the next time.

[Ozyhibby]

Handy court case guide


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[Is It On....]

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I can't see them not getting a CVA, although who would put together the offer would be interesting. And Ashley would still be there.


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MA should only stand to lose the value of his shares as Rangers Retail is a separate legal entity in which Sevco own shares along side MA. As such, I don't think it can be included in any administration and therefore MA will continue to trouser £millions whilst SEVCO get buttons for another 5 or 6 years ☺️

[JackLadd]

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Handy court case guide


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What happened to the Big Mike case? Postponed indefinitely? Wi-fi mob 802 still not paid I see.

[mjhibby]

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It's only a matter of time before the **** really hits the fan at Ibrox.

Total revenue for the years ended June 2015 and 2016 was £38.5m with total expenditure at £51.7m.

With a supposed £3.75m required to keep the lights on until the end of the season, Warbo and his cronies £2.2m payoff likely to hit at some point in the next few months and the potential £5m court case win for Mike Ashley it's surely a matter of when, not if, they go bust again.

I'm sure yet more loans will be sorted and they will hobble on to the end of the season. Maybe they will copy Hertz way and owe it too themselves

[Ozyhibby]

Interesting how the record covers these two stories.


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[Is It On....]

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Interesting how the record covers these two stories.


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That is about as blatant as you can get in double standards. Really, really poor reporting on 2 clubs in the SAME city by a newspaper based in the city concerned.

[GreenNWhiteArmy]

Aye cause frank De Boer, a guy who according to wiki played a grand total of 15, yes FIFTEEN games for the mighty Glasgow Rangers is just itching to take over the manager reigns in Govan.

As usual, a pipe dream from the MSM hanging on to the coat tails and the final pay days from the absolutely ****ed establishment club.

Please die. And die soon. With some grave you horrible basturds

[Is It On....]

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Aye cause frank De Boer, a guy who according to wiki played a grand total of 15, yes FIFTEEN games for the mighty Glasgow Rangers is just itching to take over the manager reigns in Govan.

As usual, a pipe dream from the MSM hanging on to the coat tails and the final pay days from the absolutely ****ed establishment club.

Please die. And die soon. With some grave you horrible basturds

Remember they were paying him something like a basic of £15,000 per week which McLeish described in an interview as "peanuts".

[hibee_nation]

Loved it when his penalty hit the post.

[Ozyhibby]

On a thread titled 'How do we win this league'.
Absolute morons.


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[steakbake]

Today they are playing in shirts minus the club badge.

As Phil mentioned, there's £ problems with Puma.

I think we will see admin2 possibly liquidation again.

[Bostonhibby]

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On a thread titled 'How do we win this league'.
Absolute morons.


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WTF?

Cannae see what difference playing a team full of pomegranates will make. Up to them I suppose.

They cannae be meaning protestant /the rangers men bull****** surely, they've tried that already with Halliday and look how that's worked out.

[greenlex]

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Today they are playing in shirts minus the club badge.

As Phil mentioned, there's £ problems with Puma.

I think we will see admin2 possibly liquidation again.

They are playing in a strip that has the badge on it. WTF is he on about?

[matty_f]

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They are playing in a strip that has the badge on it. WTF is he on about?

There's a photo of one player without a badge on his shirt.

[Callum_62]

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There's a photo of one player without a badge on his shirt.

where?

[greenlex]

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There's a photo of one player without a badge on his shirt.

Well it must have been photoshopped as I've just watched the game and every player I saw had one.

[Smartie]

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On a thread titled 'How do we win this league'.
Absolute morons.


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If they could somehow get their hands on players with the ability of Maurice Johnston and Lorenzo Amoruso then they'd be on the right track to winning the league.

Idiots.

[Eyrie]

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On a thread titled 'How do we win this league'.
Absolute morons.


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Croatia is overwhelmingly Catholic, so that moron has named himself after a player who he wouldn't want in his team.