Generic Sevco / Rangers meltdown thread

**Sudds_1** · 17-11-2021 05:22 PM

No. 27 is a big lass!!😁

**PolmontHibby** · 17-11-2021 06:30 PM

Not a big enough penalty for that sort of overspending in my view, but better than nothing.....and a lot better than anything (given we seem to have nothing) that we have in SPFL

Reading have been deducted six points by the English Football League for breaching financial rules.
The EFL determined the Royals lost £57.8m between 2017 and 2021 - the EFL's limit for that period is £39m.
A further six-point deduction is suspended until the end of next season, provided they comply with a business plan which includes player spending.

***greenlex*** · 18-11-2021 05:29 PM

Be interesting to see if Gerrard makes an appearance at the memorial service in Glasgow for Walter Smith and if he does what kind of reception he receives. Not expecting a standing ovation or indeed a stand up fist fight as it’s not the time nor place but you know what I mean.

***Keith_M*** · 19-11-2021 05:40 PM

Been told by a Sticky Bun workmate that a load of them are planning on turning Sunday into an Orange Fest, allegedly as a tribute to their new Dutch Manager.

Is this a wind-up, or has anybody else heard the same?

***JimBHibees*** · 19-11-2021 05:44 PM

Originally Posted by Keith_M

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Been told by a Sticky Bun workmate that a load of them are planning on turning Sunday into an Orange Fest, allegedly as a tribute to their new Dutch Manager.

Is this a wind-up, or has anybody else heard the same?

Perfect time to beat them. Genuinely due one against them

**Renfrew_Hibby** · 19-11-2021 05:45 PM

[QUOTE=Keith_M;6751655]Been told by a Sticky Bun workmate that a load of them are planning on turning Sunday into an Orange Fest, allegedly as a tribute to their new Dutch Manager.

Is this a wind-up, or has anybody else heard the same?

Yeah, gers fans round my way are all digging out the orange gear for Sunday.

***Keith_M*** · 19-11-2021 05:46 PM

Originally Posted by Renfrew_Hibby

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Yeah, gers fans round my way are all digging out the orange gear for Sunday.

Cheers.

It sounded ridiculous but at the same time unsurprising. Their bigotry is just so transparent.

**gbhibby** · 19-11-2021 05:57 PM

Originally Posted by Keith_M

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Cheers.

It sounded ridiculous but at the same time unsurprising. Their bigotry is just so transparent.

https://youtu.be/YV8zGNe7Ebg
Do they look and sound like this.

**Logie Green** · 19-11-2021 05:58 PM

[QUOTE=Keith_M;6751655]Been told by a Sticky Bun workmate that a load of them are planning on turning Sunday into an Orange Fest, allegedly as a tribute to their new Dutch Manager.

Is this a wind-up, or has anybody else heard the same?

I’ll be amazed if we notice the difference from a ‘normal’ game against them. Ibrox must be the only place in the world you can be in three different periods - caveman, 1690s and today.

**gbhibby** · 19-11-2021 06:02 PM

[QUOTE=Logie Green;6751674]

Originally Posted by Keith_M

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Been told by a Sticky Bun workmate that a load of them are planning on turning Sunday into an Orange Fest, allegedly as a tribute to their new Dutch Manager.

Is this a wind-up, or has anybody else heard the same?

I’ll be amazed if we notice the difference from a ‘normal’ game against them. Ibrox must be the only place in the world you can be in three different periods - caveman, 1690s and today.

https://youtu.be/LCuRgRgk4Io
Watch out for this thing on Sunday

**Nicho87** · 19-11-2021 06:08 PM

Can we sing on Sunday

When the hibs went up to win the Scottish cup you were here

**gbhibby** · 19-11-2021 06:13 PM

Originally Posted by Nicho87

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Can we sing on Sunday

When the hibs went up to win the Scottish cup you were here

You can stick your F****** Tango up your ar**.
Inspired by Greta Thumberg.

**heretoday** · 19-11-2021 06:53 PM

Originally Posted by The Rebel

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Imagine living next door to this lot. Weird behaviour from adults. A strange bunch.

https://twitter.com/triviatim/status...965000202?s=24

You'd be frightened to go out of the house.

**~~Iggy Pope~~** · 19-11-2021 07:28 PM

[QUOTE=Logie Green;6751674]

Originally Posted by Keith_M

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Been told by a Sticky Bun workmate that a load of them are planning on turning Sunday into an Orange Fest, allegedly as a tribute to their new Dutch Manager.

Is this a wind-up, or has anybody else heard the same?

I’ll be amazed if we notice the difference from a ‘normal’ game against them. Ibrox must be the only place in the world you can be in three different periods - caveman, 1690s and today.

Let’s be thankful they kept Remembrance Sunday to a fortnight not a month or we’d be throwing that in as well.

***Keith_M*** · 20-11-2021 08:18 AM

Apparently Van Bronkhurst's first choice for his second in command has turned him down.

His name?

John Paul van Gastel

I wonder why he said no

**gbhibby** · 20-11-2021 08:47 AM

Originally Posted by Keith_M

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Apparently Van Bronkhurst's first choice for his second in command has turned him down.

His name?

John Paul van Gastel

I wonder why he said no

O Bless him 😁

***Moulin Yarns*** · 20-11-2021 09:45 AM

Originally Posted by Keith_M

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Apparently Van Bronkhurst's first choice for his second in command has turned him down.

His name?

John Paul van Gastel

I wonder why he said no

Catechismic!

**007** · 20-11-2021 10:03 AM

Originally Posted by Keith_M

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Apparently Van Bronkhurst's first choice for his second in command has turned him down.

His name?

John Paul van Gastel

I wonder why he said no

I wonder if Van Bronkhurst will forgive him.

**gbhibby** · 20-11-2021 10:12 AM

Originally Posted by Keith_M

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Apparently Van Bronkhurst's first choice for his second in command has turned him down.

His name?

John Paul van Gastel

I wonder why he said no

Heard he was an expert on crosses.

**FilipinoHibs** · 20-11-2021 10:17 AM

Originally Posted by CropleyWasGod

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There was £5.5m repaid to said directors during the year, with a further £7.4m converted to equity. The balance due to directors (3 of them) at the end of the year was £5.25m, for which there is a repayment plan over 7 years.

The equity is going to end up worthless.Converting debt to equity is sign a company is in trouble and creditors accept it as a long shot they might get something back. Romanov converted a lot of his loans to equity. Of course not his money in the first place but the parent bank's that went under.

**007** · 20-11-2021 10:27 AM

Originally Posted by FilipinoHibs

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The equity is going to end up worthless.Converting debt to equity is sign a company is in trouble and creditors accept it as a long shot they might get something back. Romanov converted a lot of his loans to equity. Of course not his money in the first place but the parent bank's that went under.

You'd think if they win the league and therefore get the automatic Champions League group stage place that they be able to pay back a good chunk of that debt.

**Since90+2** · 20-11-2021 10:38 AM

Originally Posted by 007

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You'd think if they win the league and therefore get the automatic Champions League group stage place that they be able to pay back a good chunk of that debt.

I think Champions League football is worth around 12 million so they'll be fine financially if they win the league. Probably 5050 if they do though.

**007** · 20-11-2021 10:39 AM

Originally Posted by Since90+2

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I think Champions League football is worth around 12 million so they'll be fine financially if they win the league. Probably 5050 if they do though.

I thought groups stages = £30m - £40m, could be wrong though.

***CropleyWasGod*** · 20-11-2021 10:41 AM

Originally Posted by FilipinoHibs

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The equity is going to end up worthless.Converting debt to equity is sign a company is in trouble and creditors accept it as a long shot they might get something back. Romanov converted a lot of his loans to equity. Of course not his money in the first place but the parent bank's that went under.

It can also be a sign of confidence in a company's long term prospects,as well as making it more attractive to an external lender.

**Since90+2** · 20-11-2021 10:44 AM

Originally Posted by 007

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I thought groups stages = £30m - £40m, could be wrong though.

I think qualification is worth around £12 million then it's 2.5 million for each group win. Although you wouldn't expect them to win many games at that level. I'm not sure if that money includes gate receipts though or if it's purely TV rights and prize money for qualifying.

Either way I think it's safe to say if they win the league they will be pretty safe financially.

**gbhibby** · 20-11-2021 10:59 AM

Originally Posted by CropleyWasGod

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It can also be a sign of confidence in a company's long term prospects.

In your opinion Crops what do you think of their long term prospects. The model seems to be based on getting into the Champions league group stage which is not guaranteed as Celtics financial position is better than theirs. If Celtic or somebody else wins the league they have a funding gap that needs to be filled.

***CropleyWasGod*** · 20-11-2021 11:13 AM

Originally Posted by gbhibby

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In your opinion Crops what do you think of their long term prospects. The model seems to be based on getting into the Champions league group stage which is not guaranteed as Celtics financial position is better than theirs. If Celtic or somebody else wins the league they have a funding gap that needs to be filled.

Their model, thus far, has been built on getting into the latter stages of the EL regularly. That was their stated aim a few years ago, and many scoffed at that. But they achieved that, which is IMO Gerrard's most important contribution to their recovery.

They still have short term problems, and the Ashley thing to be resolved. But they are in a better position than they were a year ago, which is no bad thing.

CL money next season would probably steady the ship completely, as long as they don't go daft with the money.

**Hibees1973** · 20-11-2021 11:53 AM

Originally Posted by FilipinoHibs

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The equity is going to end up worthless.Converting debt to equity is sign a company is in trouble and creditors accept it as a long shot they might get something back. Romanov converted a lot of his loans to equity. Of course not his money in the first place but the parent bank's that went under.

Exactly, this is what irritates me about that lot, their debt in real terms was not £30m.....it was nearer £50-60m. They repaid fraction of their debts and built a £20m stand within a couple of years.

Parasites, always will be.