Generic Sevco / Rangers meltdown thread

[CentreLine]

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The press through in the West running another article in the lead up to The Rangers game saying The Rangers are bookies favourites to sign John McGinn
They have just announced losses of over seven million ,have to pay off yet another Manager hence dragging their heels appointing a new one clearly as they need to save money
They have no chance of getting Mcginn on the cheap so its about time someone challenged this nonsense
Can we sing a song about this at the game
You cant afford Mcginn
Super John McGinn
you just don't
seem to understand

Your Dirty Cheating Huns
You cannae afford the Funds
We've
Got Super John Mcginn
Bit naff but you get my drift Someone can probably come up with something better




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Nice sentiment but more than a little counterproductive. I don’t think we should be lending credibility to this nonsense by acknowledging it and certainly not at a game where the only person like to be in the least affected would be McGinn himself.

[Hibernia&Alba]

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Apparently not in the dug out tomorrow. Deal already done in the past week which makes you question why he would have been in charge on Wednesday.

This is one to watch! Any truth in such a story would surely represent a clear conflict of interest.

[Ronniekirk]

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This is one to watch! Any truth in such a story would surely represent a clear conflict of interest.

Plenty truth in the story then they will try and unsettle us by bidding for Super John
The Aberdeen Board should of had the bottle to let someone else be in charge for that second game v The Rangers They have gifted them six points and let them leapfrog them into second place then they take their Manager
He didn't accept other jobs down south and that was s clear indication he was biding his time for The Rangers job
No idea how he will do their , but i think The Board will have to back him big style to keep fans on board and look to get beyond European qualifiers Thats key for next Season to their longer term plans The longer they take to do that , the more money needs poured into the Club


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[HoboHarry]

Think JJ has gone completely off his rocker here - claiming Pena is as good as Jim Baxter and that the Sevco attack will run riot against Celtic.......

[Ozyhibby]

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Think JJ has gone completely off his rocker here - claiming Pena is as good as Jim Baxter and that the Sevco attack will run riot against Celtic.......

He was always completely off his rocker. Pay no heed to him.
With the judicial review now gone and the clubs turning a blind eye, this is almost done now. They have got away with it. There is only the awarding of the UEFA license decision from the compliance officer to go and I expect him to pronounce them guilty but with a slap on the knuckles.
After that, the only fun to be had would be in a possible insolvency for Sevco.
JJ’s hits to his website will be falling dramatically I imagine.


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[Ozyhibby]

They appear to be in court this Wednesday with this company in Singapore.
http://www.dailyrecord.co.uk/sport/f...-asian-1593384
Article is from 2013


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[Ozyhibby]

They appear to be in court this Wednesday with this company in Singapore.
http://www.dailyrecord.co.uk/sport/f...-asian-1593384
Article is from 2013


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[Ozyhibby]

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[Mantis Toboggan]

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He was always completely off his rocker. Pay no heed to him.
With the judicial review now gone and the clubs turning a blind eye, this is almost done now. They have got away with it. There is only the awarding of the UEFA license decision from the compliance officer to go and I expect him to pronounce them guilty but with a slap on the knuckles.
After that, the only fun to be had would be in a possible insolvency for Sevco.
JJ’s hits to his website will be falling dramatically I imagine.


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His site is a total embarrassment now. Was going on about the faking of the moon landings a few weeks ago.

[fat freddy]

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His site is a total embarrassment now. Was going on about the faking of the moon landings a few weeks ago.

I don't see the problem with that, he often blogs on non football matters and shining a light on NASA faking the moon landings provided a welcome break from his daily GASL tirades. I look forward to him exposing the fake chinese moon landings of 2013.

[Ozyhibby]

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I don't see the problem with that, he often blogs on non football matters and shining a light on NASA faking the moon landings provided a welcome break from his daily GASL tirades. I look forward to him exposing the fake chinese moon landings of 2013.

I think he’s wired to the moon.


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[Deansy]

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The press through in the West running another article in the lead up to The Rangers game saying The Rangers are bookies favourites to sign John McGinn
They have just announced losses of over seven million ,have to pay off yet another Manager hence dragging their heels appointing a new one clearly as they need to save money
They have no chance of getting Mcginn on the cheap so its about time someone challenged this nonsense
Can we sing a song about this at the game
You cant afford Mcginn
Super John McGinn
you just don't
seem to understand

Your Dirty Cheating Huns
You cannae afford the Funds
We've
Got Super John Mcginn
Bit naff but you get my drift Someone can probably come up with something better




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I don't think even our 'media' in general would run with that story - for 2 reasons -

1) The Hun are skint - they simply cannot afford SJM

2) It's a well-known fact that SJM is ambitious - 'Greyskull' wouldn't even make the register for the 'last place he'd go to' !

[Fuzzywuzzy]

Provide financial support'

The loans took the total debt to £15.9m - of which £6.7m is owed to New Oasis.

The report said: "The board have discussed the club's forecast cash shortfall and have reached an agreement with New Oasis Asset Limited whereby they will provide additional loan facilities as necessary to meet the above requirements.

"Further to this, New Oasis Asset Limited and certain investors have agreed to extend their existing loan facilities to July 2019.

"The board is satisfied that those parties will continue to provide financial support to the group and have satisfied themselves as to the validity of the undertakings.

"The board acknowledge that had these assurances not been secured then a material uncertainty would exist which may cast doubt over the groups' ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business."

I can only think the £16m debt is being extremely generous. More than likely one of the many reasons for McInnes not to go there.

They can't afford him. And I think that any chance they thought they had of getting McLean from Aberdeen is probably screwed when McInnes gives him the lay of the land

[Ozyhibby]

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Provide financial support'

The loans took the total debt to £15.9m - of which £6.7m is owed to New Oasis.

The report said: "The board have discussed the club's forecast cash shortfall and have reached an agreement with New Oasis Asset Limited whereby they will provide additional loan facilities as necessary to meet the above requirements.

"Further to this, New Oasis Asset Limited and certain investors have agreed to extend their existing loan facilities to July 2019.

"The board is satisfied that those parties will continue to provide financial support to the group and have satisfied themselves as to the validity of the undertakings.

"The board acknowledge that had these assurances not been secured then a material uncertainty would exist which may cast doubt over the groups' ability to continue as a going concern and therefore its ability to realise its assets and discharge its liabilities in the normal course of business."

I can only think the £16m debt is being extremely generous. More than likely one of the many reasons for McInnes not to go there.

They can't afford him. And I think that any chance they thought they had of getting McLean from Aberdeen is probably screwed when McInnes gives him the lay of the land

Yes, they are financially doped to the eyeballs in order to get one of those euro places ahead of us. I’m not sure why we just accept that.


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[Bostonhibby]

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Yes, they are financially doped to the eyeballs in order to get one of those euro places ahead of us. I’m not sure why we just accept that.


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Doesn't look like sevco are moving on from their predecessors, the now defunct Glasgow rangers method of funding success.

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[lapsedhibee]

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Yes, they are financially doped to the eyeballs in order to get one of those euro places ahead of us. I’m not sure why we just accept that.

[jacomo]

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Yes, they are financially doped to the eyeballs in order to get one of those euro places ahead of us. I’m not sure why we just accept that.


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How can we not accept it? Sevco have done nothing legally wrong as far as I can see, and FFP has been shown to be a sham. You'll get nothing there.

I am, however, thinking that serious financial woes might be coming. Best thing Hibs can do is stop them qualifying for Europe.

[CropleyWasGod]

The latest Court case.

http://www.dailyrecord.co.uk/news/sc...legal-11703666

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[Tynie01011973]

Latest from JJ
"
Companies House Bombshell
Date: 11 December

Form: PSC01

Description: Notification of Alastair Johnson as a person with significant control on November 15.


Regan: “Look Dave you’re ****ed. Let Alastair take over or your club will go down the Swanee. Think of my fat cat bonuses from William Hill and Ladbrokes. Since when was the SFA a parochial concern?”
This Companies House bombshell has gone largely unreported in the SMSM. Colour me surprised. So how did Johnston acquire his significant control? One could make a cogent case for Johnston buying out King as it kills two birds with one stone:

1. The ‘Cold Shoulder’ and any Court of Session edicts fall squarely on King, and as a former shareholder the impact on RIFC plc would be mitigated.

2. The £7.2m, promised by King to satisfy the auditors, which would have been a case of throwing bent money after bad, can remain safely ensconced in The British Virgin Islands.

However if (2) holds true, then Campbell Dallas are compromised. Is this announcement the rationale for the auditors recently beating a path to Edmiston Drive?

Is this the reason for Stewart Robertson dropping all communication with McInnes?

Is Sir Bribe & Lie behind the Johnston putsch? Will he step up to provide the £7.2m quantum required to keep the lights on? Or is Johnston going it alone with a view to raising this quantum at The Rinse & Dry Share Issue?

Developing Story"

[Moulin Yarns]

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Latest from JJ
"
Companies House Bombshell
Date: 11 December

Form: PSC01

Description: Notification of Alastair Johnson as a person with significant control on November 15.

Developing Story"

And is anyone able to translate that into meaningful English?

[CropleyWasGod]

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And is anyone able to translate that into meaningful English?

As ever, JJ fails to see the wood for the conspirators hiding in the ****ing trees.

If he actually looked at the Companies House website, he would see that Johnston ( and Barry Scott, one of the Hong Kong guys; why no mention of him?) were registered as Persons of Significant Control because they have "the right to exercise, or actually exercises, significant influence or control over the company."

If AJ had actually bought sufficent shares to take him over a 25% holding, that would have been recorded differently, and would have explicitly said so.

He also ignores the fact that both were appointed as directors on the same day.

Anybody else want to spike his "breaking story"? I need to get my housework done before the game starts.

[Saturday Boy]

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As ever, JJ fails to see the wood for the conspirators hiding in the ****ing trees.

If he actually looked at the Companies House website, he would see that Johnston ( and Barry Scott, one of the Hong Kong guys; why no mention of him?) were registered as Persons of Significant Control because they have "the right to exercise, or actually exercises, significant influence or control over the company."

If AJ had actually bought sufficent shares to take him over a 25% holding, that would have been recorded differently, and would have explicitly said so.

He also ignores the fact that both were appointed as directors on the same day.

Anybody else want to spike his "breaking story"? I need to get my housework done before the game starts.

Barry Scott, is that the guy from the Cillit Bang advert? 😉

[Ozyhibby]

http://club1872.co.uk/wp-content/upl...GM-2017-QA.pdf

Sevco admitting the are going to need champions league football to break even in questions 6&7.
Ignoring the folly of trying to repeat this and where it led last time, in the meantime it’s clubs like Hibs who are going to lose out here as they qualify for Europe ahead of us. Not sure why Hibs are happy to just let this go?


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[Tornadoes70]

https://www.scotcourts.gov.uk/curren...-ff0000d74aa7#

Friday appears to have been marked down as deliverance day for the keenly awaited Lord Bannatyne Judgement!



GGTTH

[jacomo]

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http://club1872.co.uk/wp-content/upl...GM-2017-QA.pdf

Sevco admitting the are going to need champions league football to break even in questions 6&7.
Ignoring the folly of trying to repeat this and where it led last time, in the meantime it’s clubs like Hibs who are going to lose out here as they qualify for Europe ahead of us. Not sure why Hibs are happy to just let this go?


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That is staggering.

In order to qualify for the CL group stage, they will need to finish above Celtc and then negotiate the qualifying rounds.

Yet their answer to 'how will you catch Celtc?' is 'play in the CL group stage??

[CropleyWasGod]

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http://club1872.co.uk/wp-content/upl...GM-2017-QA.pdf

Sevco admitting the are going to need champions league football to break even in questions 6&7.
Ignoring the folly of trying to repeat this and where it led last time, in the meantime it’s clubs like Hibs who are going to lose out here as they qualify for Europe ahead of us. Not sure why Hibs are happy to just let this go?


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It doesn't actually say that. It talks about the "gulf" between them and Celtic. Celtic have the CL, Rangers don't.

Q. The most recent financial results are encouraging but highlight the staggering gulf between us
and our nearest competition. Can this board please outline how they plan to deal with this
substantial deficit going forward?*

A. The majority of the deficit is accounted for through qualification for the Champions League
group stages.

[HoboHarry]

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http://club1872.co.uk/wp-content/upl...GM-2017-QA.pdf

Sevco admitting the are going to need champions league football to break even in questions 6&7.
Ignoring the folly of trying to repeat this and where it led last time, in the meantime it’s clubs like Hibs who are going to lose out here as they qualify for Europe ahead of us. Not sure why Hibs are happy to just let this go?


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It's staggering that they seem to think that the group stages of the CL can be achieved with players like Lee Wallace, Ryan Jack and Josh Windass.......

[HoboHarry]

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It doesn't actually say that. It talks about the "gulf" between them and Celtic. Celtic have the CL, Rangers don't.

Q. The most recent financial results are encouraging but highlight the staggering gulf between us
and our nearest competition. Can this board please outline how they plan to deal with this
substantial deficit going forward?*

A. The majority of the deficit is accounted for through qualification for the Champions League
group stages.

Sorry CWG but there is no doubt in my mind that is what they are inferring....

"The majority of the deficit is accounted for through qualification for the Champions Leaguegroup stages. Other income streams such as retail revenue and commercial income areincreasing however there needs to be a recognition of just how valuable qualification forthe group stages of the Champions League has now become. It is worth in the region of30m Euros plus associated gate monies."

[CropleyWasGod]

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Sorry CWG but there is no doubt in my mind that is what they are inferring....

"The majority of the deficit is accounted for through qualification for the Champions Leaguegroup stages. Other income streams such as retail revenue and commercial income areincreasing however there needs to be a recognition of just how valuable qualification forthe group stages of the Champions League has now become. It is worth in the region of30m Euros plus associated gate monies."

Yes, the deficit between them and Celtic. The question was asked by Club 1872 about the gulf between them.

They have already gone on record that, in order to be a Going Concern, they have to qualify for the group stages of the Europa league for 3 out of the next 5 (make it 4 now) seasons.

[Ozyhibby]

Also says that regular European football is necessary to achieve break even.
Who is that European football going come at the expense of? Probably us.


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