Generic Sevco / Rangers meltdown thread

[Is It On....]

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Let's not forget that the EBT system not only allowed them to buy players that they otherwise couldn't, it also meant they had more resources to buy the best from their competitors and weaken them. How many young Scottish players ended up at ibrox keeping the bench warm and not getting the game time and experience they'd have gotten elsewhere?

It's not just about how much money you have, it's also about how you spend it; Billy Dodds - £1.5m transfer fee 😂😂

[A Hi-Bee]

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It's not just about how much money you have, it's also about how you spend it; Billy Dodds - £1.5m transfer fee 😂😂

It don't matter what they spent it on, they had it due to financial doping of the system in plain simple other words the club that used to be called rangers(the Huns) cheated to win. Strip them of any titles/cups won during the inglorious days of this odious so called institution, An asylum is also an instatution I believe.
The newer old version (the Newer Huns, similar but different) has won sweet F.A. so they are in the clear for now, with luck they will go the same way in time.

[Billy Whizz]

http://m.bbc.co.uk/sport/football/40536272

[Kaiser1962]

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And they managed to purchase a 50k seater stadium and training ground for £5m, a sum that also included a payment to the liquidator which was around £2m I seem to remember. That on top of all the creditors and HMRC loosing millions. They march on as if nothing has happened except having the misfortune of being 'relegated' by the nasty other clubs. The whole thing stinks but they will get away with it and still be portrayed as the victims by themselves and the media. Utterly ridiculous what they're getting away with.

Charles Green paid £1.5m for Oldco's heritable properties (Ibrox Stadium and Murray Park) and £2.75m for players contracts in June 2012. The "gains on property revaluation" in the interim report 6 months later was £33,988,000 with The Rangers total assetts claimed at £87,545,000 which would include whatever they had income wise at the time.

All perfectly legitimate of course and in the best interests of the creditors.

[Kaiser1962]

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http://m.bbc.co.uk/sport/football/40536272

If they didnt gain an advantage why bother? It must have been a nightmare to administer. And then the "legal advisor" cum porn star (see what i did there) tells you that in order to work the scheme effectively dont write anything down how clinically thick do you have to be to think everythings legit?

I do hope that HMRC go after the recipients (i know this seems unlikely from CWG's posts) but I would really like to hear what they have got to say about the scheme and the payments. Now that might result in charges being brought.

[Kato]

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http://m.bbc.co.uk/sport/football/40536272

That's one interpretation. What he doesn't address is why were the payments clandestine, hidden side contracts are very much against the SFA's rules as all payments to players must be declared.

[Deansy]

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http://m.bbc.co.uk/sport/football/40536272

'Every single player that was signed during that period would have been signed whether the Murray Group tax scheme was in place or not'

Yeah Dave - you and 'truth' go hand-in-hand ...............................................

[Iain G]

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'Every single player that was signed during that period would have been signed whether the Murray Group tax scheme was in place or not'

Yeah Dave - you and 'truth' go hand-in-hand ...............................................

Is he a liar or a fantasist, or both?!

[Jack Hackett]

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That's one interpretation. What he doesn't address is why were the payments clandestine, hidden side contracts are very much against the SFA's rules as all payments to players must be declared.

Bullseye! Every pathetic excuse any of them comes out with, totally ignores the side letters. Every single one of these broke the rules. Cheating plain and simple.

[Ozyhibby]

I think King's intervention will not be helpful for Rangers.


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[Fuzzywuzzy]

Short memory for Davie

‘With regard to EBTs, I was on the board so I have to take some responsibility.

‘And I follow the logic of the argument that if we lose the tax case then we probably gained some competitive advantage.

‘I believe that, on behalf of myself and most of the board members who were with me and probably agree with me, that we should apologise for that

http://www.dailymail.co.uk/sport/foo...pologises.html

[Ozyhibby]

Dave in 2012




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[lapsedhibee]

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http://m.bbc.co.uk/sport/football/40536272

The GASL is beyond parody.

[A Hi-Bee]

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Dave in 2012




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Remember this guy has some serious memory issues, glib and shameless spring to mind.

[Ozyhibby]

https://www.change.org/p/spfl-ranger...rm=autopublish

Only takes 1 minute


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[MichaelTheCelt]

Huns are lapping up Squintys statement, that's everyone told apparently

IMO hes made a massive gaffe here and it's only gonna piss every single supporter off.

[CropleyWasGod]

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Charles Green paid £1.5m for Oldco's heritable properties (Ibrox Stadium and Murray Park) and £2.75m for players contracts in June 2012. The "gains on property revaluation" in the interim report 6 months later was £33,988,000 with The Rangers total assetts claimed at £87,545,000 which would include whatever they had income wise at the time.

All perfectly legitimate of course and in the best interests of the creditors.

The liquidators are chasing D&P for (IIRC) £29m. That doesn't sort the initial injustice, of course, but it will help the creditors.

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[Hibernia&Alba]

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Short memory for Davie

‘With regard to EBTs, I was on the board so I have to take some responsibility.

‘And I follow the logic of the argument that if we lose the tax case then we probably gained some competitive advantage.

‘I believe that, on behalf of myself and most of the board members who were with me and probably agree with me, that we should apologise for that

http://www.dailymail.co.uk/sport/foo...pologises.html

So he admits they're cheats! Damned by his own words. He has to be interviewed at length about all of this by Alex Thomson!

[Marco G]

And an amazing statement by King on BBC website, after saying Murray overspent,

*"As we rebuild the squad we are deliberately and transparently spending beyond our income.

While I am chairman, Rangers' overspending will always be on a sustainable and robust basis and one that safeguards the future of our club."

???


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[Hibernia&Alba]

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And an amazing statement by King on BBC website, after saying Murray overspent,

*"As we rebuild the squad we are deliberately and transparently spending beyond our income.

While I am chairman, Rangers' overspending will always be on a sustainable and robust basis and one that safeguards the future of our club."

???


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I thought it was a typo!

[CropleyWasGod]

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And an amazing statement by King on BBC website, after saying Murray overspent,

*"As we rebuild the squad we are deliberately and transparently spending beyond our income.

While I am chairman, Rangers' overspending will always be on a sustainable and robust basis and one that safeguards the future of our club."

???


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One can spend more than one's income, as long as there is capital to enable that.

However, that second paragraph is just bizarre.


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[Marco G]

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One can spend more than one's income, as long as there is capital to enable that.

However, that second paragraph is just bizarre.


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Anyway their overspend will need to be sustained for even longer after their Europa League disaster

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[Ozyhibby]

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Anyway their overspend will need to be sustained for even longer after their Europa League disaster

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It will get even worse when they have to pay off Caixhina and all the dud Portuguese and Mexicans.


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[Spike Mandela]

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It will get even worse when they have to pay off Caixhina and all the dud Portuguese and Mexicans.


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Like they paid off Warburton and co???

Remember they have a crook in charge of them who doesn't play by any conventional rules.

[Keith_M]

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Like they paid off Warburton and co???

Remember they have a crook in charge of them who doesn't play by any conventional rules.

TBF (sorry), it now looks like Warbo was at it with the Forest shenanigans.

[Deansy]

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TBF (sorry), it now looks like Warbo was at it with the Forest shenanigans.

Let's be honest, the Hun and Warburton were made for each other but as they do - crooks fall out !

[ancient hibee]

What do you do when the team looks like a disaster area?Have a good rammy off the field to rally the troops.This is what King is doing and Celtic,who need Rangers to keep their fans interested,have obliged by joining in.King and Lawell have got it scripted out.

[Ozyhibby]

Spiers in the Times.


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[Is It On....]

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One can spend more than one's income, as long as there is capital to enable that.

However, that second paragraph is just bizarre.


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I think it's a very dangerous game to convert capital into income as once it's gone, it's gone.

[FilipinoHibs]

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I think it's a very dangerous game to convert capital into income as once it's gone, it's gone.

Needs the banks to keep extending credit. The banks must be believe there is income growth which does not look to be the case. Or King puts in his own money to make up the gap or raise more from shareholders neither of which is happening.