Generic Sevco / Rangers meltdown thread

[ballengeich]

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If not it gives the gasl a clean slate in which to move forward with share issues and the ability to obtain cleaner financing. Its the most important factor at this time.

Do you think they'll get much finance from any share issue? Converting debt to equity doesn't bring in any fresh cash, and financial institutions won't touch them. They'll be able to empty the Club 1872 piggybank, but other than that only wealthy fans willing to become less wealthy will hand over money.

[Tornadoes70]

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Do you think they'll get much finance from any share issue? Converting debt to equity doesn't bring in any fresh cash, and financial institutions won't touch them. They'll be able to empty the Club 1872 piggybank, but other than that only wealthy fans willing to become less wealthy will hand over money.

I have no idea how much they'd be able to generate with new share issues. What I do know for certain is that the Court of Session judgement will have consequences one way or another. If its upheld it is chaos and flux as per cold shouldering and enforcement on the other hand if its not upheld it gets the concert party off the hook and able to move forward however it ends up. Its a critical issue which if upheld leaves the gasl position as I said before quite untenable.




mon the cabbage!!!

[tamsonsbairn]

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It's not a loan agreement. It's the document registering the security that Close Brothers have.

I don't agree with Phil's assertion that it's a loan. The document clearly refers to the "facility".

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it also says on that form that sevco are the Borrower and close are the Lender. does that change anything CWG.

[CropleyWasGod]

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it also says on that form that sevco are the Borrower and close are the Lender. does that change anything CWG.

Nah, I don't think it does. I have seen Phil and others using that as evidence that this is a loan.

If someone has an overdraft, they are a borrower.

[Ozyhibby]

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Nah, I don't think it does. I have seen Phil and others using that as proof that this is a loan.

If someone has an overdraft, they are a borrower.

Is it normal to have a security with an overdraft?


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[CropleyWasGod]

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Is it normal to have a security with an overdraft?


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In business, it's pretty common. It protects the lender from situations where the borrower draws the full amount, and runs away with no likelihood of repaying.



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[HoboHarry]

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In business, it's pretty common. It protects the lender from situations where the borrower draws the full amount, and runs away with no likelihood of repaying.



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I understand that in normal business it may be common but I would suggest that for the most part those businesses aren't in the public eye quite as much as Sevco are. Sevco aren't very likely to to do a disappearing act overnight are they? To my mind this type of agreement seriously hurts a business like a football club who are open to wide public scrutiny......

[CropleyWasGod]

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I understand that in normal business it may be common but I would suggest that for the most part those businesses aren't in the public eye quite as much as Sevco are. Sevco aren't very likely to to do a disappearing act overnight are they? To my mind this type of agreement seriously hurts a business like a football club who are open to wide public scrutiny......

By "running away", I meant spending it all and being unable or unwilling to pay.

Any lender becoming involved with any business with a history like RFC, high-profile or not, would be daft not to take any sort of security.

It's not that long since our borrowings (loan and overdraft) were secured.

[Deansy]

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I’ve said it before, but for the greater good of humanity Hibs and the Dons need to finish above them in the League.

Of course they can still qualify for Europe via the Scottish Cup - hopefully someone else can take care of that.

That scenario gives me goosebumps - the Scottish Football 'media' (Jabba's secretary's) would be suicidal !. However you can pretty much guarantee some almighty refereeing 'human-errors' benefitting the Hun between now and the end of the season - making it all that much sweeter should we and the Dons do it !

C'MON HIBS AND ABERDEEN - DO IT FOR THE GAME AND FOR SOCIETY !

[The Green Goblin]

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I stopped FB because it was depressing me, that was 18 month ago and I don’t miss it one bit. Twitter was a forced retirement 😉 their T&Cs dont allow relentlessly calling piers Morgan a see you next Tuesday apparently. I kinda missed it a first but not now. I think it’s been good for my mental health I don’t get bombarded with stuff all the time and I usually only lift my phone to answer it or change song or podcast. I still have an IG and you tube account though.

Cheers mate. I think I will follow your example... Good stuff on the Piers Morgan ban btw. Top marks.

[Joe6-2]

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That scenario gives me goosebumps - the Scottish Football 'media' (Jabba's secretary's) would be suicidal !. However you can pretty much guarantee some almighty refereeing 'human-errors' benefitting the Hun between now and the end of the season - making it all that much sweeter should we and the Dons do it !

C'MON HIBS AND ABERDEEN - DO IT FOR THE GAME AND FOR SOCIETY !

Took the words out of my mouth, refereeing ‘blunders’ a plenty

[Ozyhibby]

A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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[Seveno]

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A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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That makes an enjoyable read. Thanks for posting.

[lapsedhibee]

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That makes an enjoyable read. Thanks for posting.

Excellent.

[ancient hibee]

Interesting read but he falls into the trap of thinking that a perfectly standard notice of registration which always refers to a loan regardless of the type of borrowing and has standard clauses regarding failure to repay when requested is something out of the ordinary.When it's a loan clauses will usually state a failure to comply with the loan agreement repayment schedule.When it's an overdraft repayment can be requested at any time.

[Billy Whizz]

Not sure where they’ll get the £1m for JC in the summer, unless it’s advance season ticket money

[brianmc]

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A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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Thoroughly enjoyed reading that. Thanks for posting.

[jacomo]

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A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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The MSM (or GSM) deserve all the criticism they get. And the BBC is the worst of the lot here.

It looks like they’ve humiliated and silenced one of their senior journalists to appease Sevco.

[jacomo]

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Not sure where they’ll get the £1m for JC in the summer, unless it’s advance season ticket money

As things stands they won’t.

On past form, they’ll try and trash his reputation before the end of season or pin the blame on Forest somehow.

[Geo_1875]

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That scenario gives me goosebumps - the Scottish Football 'media' (Jabba's secretary's) would be suicidal !. However you can pretty much guarantee some almighty refereeing 'human-errors' benefitting the Hun between now and the end of the season - making it all that much sweeter should we and the Dons do it !

C'MON HIBS AND ABERDEEN - DO IT FOR THE GAME AND FOR SOCIETY !

Plus the post-split fixtures will be "interesting".

I can see us getting 2 home games against Celtc and whoever finishes 6th while playing Big Hun, Little Hun and Sheep****gers away.

[Eyrie]

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Plus the post-split fixtures will be "interesting".

I can see us getting 2 home games against Celtc and whoever finishes 6th while playing Big Hun, Little Hun and Sheep****gers away.

The sensible thing to do is to give them trips to us and Aberdeen for fairness in the race for second. They'll also play at Parkhead to ensure two home bigot derbies each. That would mean Hearts and Kilmarnock losing out.

There is a minor issue if Sevco have only had 16 home games and a major one when they insist on getting their own way again.

[Is It On....]

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A decent summary of recent goings on.
http://twohundredpercent.net/rangers-transfer-window/


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Seems to be edging closer again..if The Rangers finished 4th in the league it could lead to a lovely summer of developments 😉

[cabbageandribs1875]

sevco will insist that all their games after the split must be against Aberdeen, they won't have a problem if they have to play 3 of the games at pittodrie as the results will be the same anyway

[JimBHibees]

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Plus the post-split fixtures will be "interesting".

I can see us getting 2 home games against Celtc and whoever finishes 6th while playing Big Hun, Little Hun and Sheep****gers away.

There is no way we should be getting 3 games at Ibrox given we are competing with them. Should give us another game to Killie if need be.

[Renfrew_Hibby]

I think both us and Killie will be heading to Govan for a 3rd time. Its based on our ranking from last season and we are obviously the bottom two ranked sides in the top 6.
As soon as the fixtures came out this was always on the cards. The way they were compiled were as dodgy as.

[Billy Whizz]

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I think both us and Killie will be heading to Govan for a 3rd time. Its based on our ranking from last season and we are obviously the bottom two ranked sides in the top 6.
As soon as the fixtures came out this was always on the cards. The way they were compiled were as dodgy as.

If we have to go to Killie/Rangers a 3rd time, they’ll have to send the Jambos or Aberdeen to ER for a 3rd time, as we’re due 3 at home post split

[Springbank]

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If we have to go to Killie/Rangers a 3rd time, they’ll have to send the Jambos or Aberdeen to ER for a 3rd time, as we’re due 3 at home post split

Rangers v Hibs at Ibrox (expect a Hibs win)
Hibs v Aberdeen at Easter Road (expect a Hibs win)

Problem solved

[Renfrew_Hibby]

We could end up with 18 home and 20 away fixtures. This has happend to clubs before.

[Since90+2]

The question should be asked why Rangers were given 3 home fixtures before the split against the teams most likely to be in the top 6. You could probably have nailed on 4 or 5 of the teams who were going to be top 6 before the season started.

[Phil MaGlass]

This has now went from meltdown thread to fixture list thread