Generic Sevco / Rangers meltdown thread

[Ozyhibby]

Lance Armstrong adopts the Sevco defence.




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[Ozyhibby]

http://www.insideworldfootball.com/2...tish-football/


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[Crazyhorse]

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Lance Armstrong adopts the Sevco defence.




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Good one

[Crazyhorse]

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Not sure if this has been posted, won't bother going back to see if it has (my browser is going at a snails pace at the moment)

The Rangers EBT scandal could go international if rumours that Porto are about to take action.
While the SFA and their member clubs take a very laid back approach to rule breaking the Portuguese side are believed to be ready to push for confirmation that they lost out on a place in the last 16 of the 2005/06 Champions League to a team of unregistered players.
Rangers (IL) famously won the 2004/05 SPL title at Easter Road on the final day of the season with every player on an ‘EBT’.
The following season Rangers (IL) pipped Porto to second place in their Champions League group costing the 2004 winners over £15m in prize money.
The tax scam of the Ibrox club failed on two grounds, firstly they didn’t declare details of the payments to the football authorities and secondly the payments were directly related to employment and not discretionary loans as the Supreme Court ruled last week.
If Porto push the matter UEFA will come down in their favour which could turn the spotlight onto the SFA rather than the club that was condemned to death by Her Majesty in June 2012 when she declined a CVA.
Had the SFA informed UEFA of the issue it may have been dealt with leniently but with the evidence out in the open since 2012 every match that Rangers played from the day Ronald de Boer joined the club is open to challenge.

https://videocelts.com/2017/07/blogs...international/

Where is the "rumour" mentioned from precisely?

[ian cruise]

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Lance Armstrong adopts the Sevco defence.




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Thing is, that was pretty much his defence if I recall

[MichaelTheCelt]

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Where is the "rumour" mentioned from precisely?

Couldn't tell you man, it's been floating about on Celtic forums and then that site that I linked put up an article. But the origins of the rumour I have no idea, could be twitter nonsense but I hope it isn't.

All that said, it wouldn't surprise me if Porto were looking into it. Folk were saying Eindhoven have cause to make a claim against the old club and its players too. This isn't going to go away for awhile yet and I am starting to believe the titles will be stripped and voided, just my own hunch though.

[CropleyWasGod]

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Couldn't tell you man, it's been floating about on Celtic forums and then that site that I linked put up an article. But the origins of the rumour I have no idea, could be twitter nonsense but I hope it isn't.

All that said, it wouldn't surprise me if Porto were looking into it. Folk were saying Eindhoven have cause to make a claim against the old club and its players too. This isn't going to go away for awhile yet and I am starting to believe the titles will be stripped and voided, just my own hunch though.

Claims are one thing, and it would be up to the liquidator to adjudicate them. But there will be very little money, if that's what they're after. My only thought is that they might be looked upon as football creditors, but... that's another round of Court cases.

Not sure why the players would be claimed against.

[traceyhibs]

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Hard to tell given the lack of communication from the club with the fans on this issue.


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Hi there,

Frank and I have been following this in all the forums and we will be discussing this at Board level at the next board meeting.

Thanks

Tracey and Frank


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[Jack Hackett]

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http://www.insideworldfootball.com/2...tish-football/


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Damning! Who are these people? Do they have any power?

[Ozyhibby]

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Hi there,

Frank and I have been following this in all the forums and we will be discussing this at Board level at the next board meeting.

Thanks

Tracey and Frank


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Brilliant, thanks Tracey. It will be nice to hear from Hibs on this.
When is the next board meeting scheduled for?


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[Crazyhorse]

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Couldn't tell you man, it's been floating about on Celtic forums and then that site that I linked put up an article. But the origins of the rumour I have no idea, could be twitter nonsense but I hope it isn't.

All that said, it wouldn't surprise me if Porto were looking into it. Folk were saying Eindhoven have cause to make a claim against the old club and its players too. This isn't going to go away for awhile yet and I am starting to believe the titles will be stripped and voided, just my own hunch though.

I hope you're right. Most Scottish clubs and our tainted football authorities seem to be sitting tight hoping this will blow over.
In my view this is the biggest corruption scandal in European football in my lifetime (think of the central role of Ogilvie) and I want to know HFC's position on it. I worked in Edinburgh and had a season ticket for most of that period yet every time we played Rangers they fielded a team of mis-registered players.

[Ozyhibby]

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Damning! Who are these people? Do they have any power?

They are a Swiss magazine that covers the business side of Football. Probably the most widely read in the world although the business side of football would be a minority interest I think. Except in Scotland.


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[Crazyhorse]

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Claims are one thing, and it would be up to the liquidator to adjudicate them. But there will be very little money, if that's what they're after. My only thought is that they might be looked upon as football creditors, but... that's another round of Court cases.

Not sure why the players would be claimed against.

What about if Porto go along with the argument (which you also espouse) that they are the same club. Can they demand compensation for revenue lost?

[Crazyhorse]

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Hi there,

Frank and I have been following this in all the forums and we will be discussing this at Board level at the next board meeting.

Thanks

Tracey and Frank


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This is good to know.

When is the next board meeting Tracey?

[traceyhibs]

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Brilliant, thanks Tracey. It will be nice to hear from Hibs on this.
When is the next board meeting scheduled for?


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Our next board meeting isn't until 31st July which I know seems a long way away. We feel it's one of the bigger issues and therefore needs to be addressed at this level.

We also have our update coming out that week and it will be addressed in there also.

Many thanks

Tracey


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[21.05.2016]

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Our next board meeting isn't until 31st July which I know seems a long way away. We feel it's one of the bigger issues and therefore needs to be addressed at this level.

We also have our update coming out that week and it will be addressed in there also.

Many thanks

Tracey


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Well done, Tracey. Great to hear that the board are going to be made well aware of the fans feelings on this. I hope other fans across the country are doing the same with their board.

[southsider]

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Our next board meeting isn't until 31st July which I know seems a long way away. We feel it's one of the bigger issues and therefore needs to be addressed at this level.

We also have our update coming out that week and it will be addressed in there also.

Many thanks

Tracey


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Hi Tracey, I am sure our board will stick up for our club. No whitewash, tell King to go do one. Strip then vullify all trophies "won" by cheating. And while [ am at it a points deduction for sectarian chanting too.

[Is It On....]

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Hi Tracey, I am sure our board will stick up for our club. No whitewash, tell King to go do one. Strip then vullify all trophies "won" by cheating. And while [ am at it a points deduction for sectarian chanting too.

If Carlsberg did board meetings..

[Ozyhibby]

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If Carlsberg did board meetings..

It's time for our board to stand up and be counted. We have talked about sporting integrity in the past, now is the time to show we actually mean it.


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[CropleyWasGod]

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What about if Porto go along with the argument (which you also espouse) that they are the same club. Can they demand compensation for revenue lost?

I'd say yes.

But you can hear the sound of the "We're the same club" bus reversing already And the sharp intake of breath of the lawyers (on both sides) as they count up the fees to be earned.

[Is It On....]

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I'd say yes.

But you can hear the sound of the "We're the same club" bus reversing already And the sharp intake of breath of the lawyers (on both sides) as they count up the fees to be earned.

Not to mention impartial accountants with an in depth knowledge of the subject ☺️

[CropleyWasGod]

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Not to mention impartial accountants with an in depth knowledge of the subject ☺️

I'd still have the same view. If those clubs went after Newco, it would partly support that, no?

[Ozyhibby]

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I'd still have the same view. If those clubs went after Newco, it would partly support that, no?

If it's deemed to be football debt then newco are liable anyway.


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[Crazyhorse]

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I'd still have the same view. If those clubs went after Newco, it would partly support that, no?

They seem to have the following options:

1. We are the same club and must forfeit all titles/cups etc. "won" during the rule breaking period (2001-10) and pay out compensation to clubs across Europe.
2. We are not the same club and so far in our history (2012-17) we have won no major Scottish titles/cups.

[CropleyWasGod]

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If it's deemed to be football debt then newco are liable anyway.


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Not quite.

Football creditors have preference in an insolvency situation, but it doesn't necessarily follow that a Newco would pick them up. In the Rangers case, it was paid by the Newco, as a requirement of the 5-way agreement, in order to get their licence. In Hearts' case, Budge paid it as part of the CVA deal.

These were different arrangements, but the similarity is that neither HAD to pay them legally. If neither had happened (eg no "follow-on" situation), the football debts would still have been paid by the liquidator/administrator in preference to other creditors.

In this rumoured Porto action, if they go after Newco, that's a third scenario IMO, where the creditor ignores the demise of the OldCo and goes for (in their eyes) the substance of their loss, rather than the legal form.If they go after the OldCo, they will be a preferential creditor, to the detriment of HMRC and all the other ordinary creditors.

[lapsedhibee]

To save me re-reading 38,000 posts ... how did the side letters originally come to light? I know it followed a polis raid on Ipox to investigate some dodgy boumsongness/bungsouness/whatevs, but how did it get into the public domain? Was it a SMSMer actually doing a proper job for once , or did a polisman turn Timmy, or did john james / Phil 3 names have a mole inside Ipox, orwot?

[Deansy]

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http://www.insideworldfootball.com/2...tish-football/


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(Commenting on the GFA's handling & performance of the entire saga)

' ............................... it is clear many elements of its operations and the regulatory decisions relating to them were extremely badly handled'

If they were 'badly handled' then they were intentionally done so - I never for one minute, since the Huns cheating emerged, fully belived that Regan & Co would deliver the justice that the Hun cheating merited !

[Ozyhibby]

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To save me re-reading 38,000 posts ... how did the side letters originally come to light? I know it followed a polis raid on Ipox to investigate some dodgy boumsongness/bungsouness/whatevs, but how did it get into the public domain? Was it a SMSMer actually doing a proper job for once , or did a polisman turn Timmy, or did john james / Phil 3 names have a mole inside Ipox, orwot?

Phil Macgiollabhain first broke the story in 2010 and Rangerstaxcase blog followed ( https://rangerstaxcase.wordpress.com/2011/03/ ) in March 2011.


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[lapsedhibee]

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Phil Macgiollabhain first broke the story in 2010 and Rangerstaxcase blog followed ( https://rangerstaxcase.wordpress.com/2011/03/ ) in March 2011.

Ta.

Not sure what the legal status of the LNS commission was, but hope there's a possibility of Campbell Ogilvie eventually getting done for contempt of something, as he clearly misled that inquiry.

I imagine that the current situation is that the Thes have told the SFA quite bluntly that if they go ahead with stripping titles then the Thes will drop all those in the SFA who previously lied and covered up for them into some very brown stuff.

I feel some blazer resignations coming soon.

[beensaidbefore]

As has been mentioned previously, there ciuld be a few ex players a bit worried. It seems that if old rangers cant make a satisfactory offer, it will be the players being pursued.