The Rangers soap opera goes on and on.

[Mark_Mywords]

19 minutes ago, The Gasman said:

 

It wouldn’t surprise me that Club 1872 might have tried to borrow additional funds to protect their percentage holding (and future Board seat) but I’d be absolutely amazed if they found someone willing to lend to them at any sensible rate.

 

Theyve no tangible assets, no guaranteed income, and an incredibly volatile membership - what possible security could they offer a lender..?

 

Just a thought...  Nobody can loan the club cash directly at the moment as it would count as a debt, which would not help their cause regarding the UEFA FFP issues.  Maybe they are using Club 1972 to get funds into the club indirectly using new shares, which may also balance the books regarding the FFP rules.  I would not be surprised if King is involved.  As I say, just an idea.

Edited June 10, 2018 by Mark_Mywords

[jambovambo]

Certainly seems like skullduggery.

[kirkierobroy]

I hope damage emerges from the Kenny Miller thing, but if you recall there were high hopes that the BreadMan would take them to the cleaners for the manner of his departure. But nothing to see there.

[Juanjo15]

9 minutes ago, kirkierobroy said:

I hope damage emerges from the Kenny Miller thing, but if you recall there were high hopes that the BreadMan would take them to the cleaners for the manner of his departure. But nothing to see there.

 

Warburton would have had a non disclosure clause in his payoff.  Miller won’t have such a thing. 

[i wish jj was my dad]

On 08/06/2018 at 14:29, Elmore said:

Can't the politicians force clubs to accept strict liability?  

You would think so but the same politicians also voted out the only attempt to legislate against bigotry at football that I've ever known.  I'm with Lovecraft on  this. Our politicians of all colours are shit scared of the unwashed.

[Punks No Deid]

16 minutes ago, i wish jj was my dad said:

You would think so but the same politicians also voted out the only attempt to legislate against bigotry at football that I've ever known.  I'm with Lovecraft on  this. Our politicians of all colours are shit scared of the unwashed.

[jambali]

27 minutes ago, Punks No Deid said:

 

 

46 minutes ago, i wish jj was my dad said:

You would think so but the same politicians also voted out the only attempt to legislate against bigotry at football that I've ever known.  I'm with Lovecraft on  this. Our politicians of all colours are shit scared of the unwashed.

You should have stopped before the last 4 words!!

[jambovambo]

https://philmacgiollabhain.ie/2018/06/10/club-1872-loan/

[Tynecastlesmychurch]

I reckon nows the time for us to put in a cheeky wee bid for Wallace!

[jambovambo]

https://thecelticblog.com/2018/06/blogs/has-club-1872-gone-too-far-and-taken-a-loan-of-its-members-for-the-last-time/

[XB52]

5 hours ago, i wish jj was my dad said:

You would think so but the same politicians also voted out the only attempt to legislate against bigotry at football that I've ever known.  I'm with Lovecraft on  this. Our politicians of all colours are shit scared of the unwashed.

Labour tory and libdems voted it out, just because it was an snp policy

[Justin Z]

14 hours ago, jambovambo said:

They're no happy : https://daviesleftpeg.wordpress.com/2018/06/09/flimflam-monkeyshines-and-boondoggle/

 

This post has (I think) been removed and replaced with the following:

 

"Due to Tarriers displaying their obsessive nature and taking too much of an interest in the World’s Most Successful Team this post has been removed. Perhaps show more interest in justice being achieved for those innocents abused by employees of your club.

 

God Bless Our Team"

 

[XB52]

2 minutes ago, Justin Z said:

 

This post has (I think) been removed and replaced with the following:

 

"Due to Tarriers displaying their obsessive nature and taking too much of an interest in the World’s Most Successful Team this post has been removed. Perhaps show more interest in justice being achieved for those innocents abused by employees of your club.

 

God Bless Our Team"

 

And people wonder why they are the most hated club in Scotland????

[Justin Z]

1 minute ago, XB52 said:

And p̶e̶o̶p̶l̶e̶ complete scumbags wonder why they are the most hated club in Scotland????

 

Fixed

[Hagar the Horrible]

10 hours ago, Justin Z said:

 

This post has (I think) been removed and replaced with the following:

 

"Due to Tarriers displaying their obsessive nature and taking too much of an interest in the World’s Most Successful Team this post has been removed. Perhaps show more interest in justice being achieved for those innocents abused by employees of your club.

 

God Bless Our Team"

 

What was the gist of the actual post?  before the innocent casual sectarian unoffensive tarrier remark?  I thought I drifted through a portal to the 1970's briefly

[Mysterion]

4 minutes ago, Hagar the Horrible said:

What was the gist of the actual post?  before the innocent casual sectarian unoffensive tarrier remark?  I thought I drifted through a portal to the 1970's briefly

 

The post questioned why Club1872 (and it's directors/representatives) had been cap in hand to the fans for the last few months begging for one off donations, additional subs etc when the reality was they had secured a "credit line" from a bank. 

 

Effectively suggesting yet again Club1872 are an organisation who mislead the fans and can't be trusted. 

 

It was linked by a Celtic minded blogger which is why they claim it was removed.

[NANOJAMBO]

27 minutes ago, Hagar the Horrible said:

What was the gist of the actual post?  before the innocent casual sectarian unoffensive tarrier remark?  I thought I drifted through a portal to the 1970's briefly

Also questions around impartiality of directors (or, lack of) , the fact no independent director has ever served a full term but they always resign, the level of control exerted on them by Sevco, gay boy taking a salary and best of all - they have apparently organised a £2 million loan from a High St bank (to buy shares presumably). 

[Hagar the Horrible]

3 minutes ago, NANOJAMBO said:

Also questions around impartiality of directors (or, lack of) , the fact no independent director has ever served a full term but they always resign, the level of control exerted on them by Sevco, gay boy taking a salary and best of all - they have apparently organised a £2 million loan from a High St bank (to buy shares presumably). 

So just to clarify  King asked Club 1872 for dosh for erhhmmmm shares, gave them a 7 day deadline but used for cash flow,  Club 1872 has borrowed  money to do this allegedly?  Club 1872 now borrowing money for this much coveted seat on the board. They are worse than a socialist party for falling out, in a years time there will be two Club 936 fans groups

[jambovambo]

3 minutes ago, Hagar the Horrible said:

So just to clarify  King asked Club 1872 for dosh for erhhmmmm shares, gave them a 7 day deadline but used for cash flow,  Club 1872 has borrowed  money to do this allegedly?  Club 1872 now borrowing money for this much coveted seat on the board. They are worse than a socialist party for falling out, in a years time there will be two Club 936 fans groups

Splitters ...

[NANOJAMBO]

1 minute ago, Hagar the Horrible said:

So just to clarify  King asked Club 1872 for dosh for erhhmmmm shares, gave them a 7 day deadline but used for cash flow,  Club 1872 has borrowed  money to do this allegedly?  Club 1872 now borrowing money for this much coveted seat on the board. They are worse than a socialist party for falling out, in a years time there will be two Club 936 fans groups

That's my understanding of what was said, but how they could borrow £2million seems fanciful - against what assets ? The guy was adamant hat his source had even named the bank but he would not disclose it (surprise, surprise ?). 

[Pistol1874]

12 hours ago, jambovambo said:

https://philmacgiollabhain.ie/2018/06/10/club-1872-loan/

So Rangers, a football club with 40,000+ season ticket holders and with collateral in the way of the stadium, the car park etc, cannot secure credit from a ‘High St Bank’, but there is one that will lend £2million to a group of fans of said club against an income stream of voluntary donations and with, presumably, no security to offer?

Right.

[Unknown user]

5 minutes ago, Pistol1874 said:

So Rangers, a football club with 40,000+ season ticket holders and with collateral in the way of the stadium, the car park etc, cannot secure credit from a ‘High St Bank’, but there is one that will lend £2million to a group of fans of said club against an income stream of voluntary donations and with, presumably, no security to offer?

Right.

It would be the easiest thing in the world for club1872 to put together a quick statement and refute the allegations, and as this rumour is a threat to their income and trust from their members, they can't just stay silent.

 

If it's untrue, of course. 

[John Findlay]

18 minutes ago, Smithee said:

It would be the easiest thing in the world for club1872 to put together a quick statement and refute the allegations, and as this rumour is a threat to their income and trust from their members, they can't just stay silent.

 

If it's untrue, of course. 

They will be working with some PR company. Let's for argument's  sake say level 5.  To think up of another lie for the gullible to cover those that have gone previously. Perharps the said high street banks have now pulled out as this information has gone public.

[Unknown user]

2 minutes ago, John Findlay said:

They will be working with some PR company. Let's for argument's  sake say level 5.  To think up of another lie for the gullible to cover those that have gone previously. Perharps the said high street banks have now pulled out as this information has gone public.

Yeah, probably. 

 

Of course, the other side is that all this seems to back up the narrative that the rangers can't borrow any more money for fear of falling foul of FFP rules, and instead have turned to club1872 and said, "Hey YOU could borrow it and give it to us!"

[Hagar the Horrible]

What price a seat on the board? Just for the chance to wear brown brogues at a game  ( A gentleman wears Oxfords ) This fans group which is funded by donations from well meaning fans have been asked by a convicted tax fraudster to borrow money against future good will donations to maintain his very weakening grip on the club? It serves only to help King.  How stupid are the top people at Club 1872, they will be left with huge debt, and the money will Not be going into SG's warchest.  £1m  will allow 20% of total ownership post admin and based on Green getting a CVA for £5m  so £2m  will give them effective control at 40% making them more or less fan owned....MORONS

 

But still using the narrative that the Close bros. have given them an overdraft, when in fact they maxed this out on day one, and have to pay the lot back in February as well as the interest...sounds more like a loan to me

[SE16 3LN]

18 hours ago, i wish jj was my dad said:

You would think so but the same politicians also voted out the only attempt to legislate against bigotry at football that I've ever known.  I'm with Lovecraft on  this. Our politicians of all colours are shit scared of the unwashed.

 It was voted out because it was shite. The police have just as much power to act against bigotry now as they did before the repeal and before the legislation was passed. 

[The Gasman]

2 hours ago, Hagar the Horrible said:

....in a years time there will be two Club 936 fans groups

 

To be honest, I think it’s more likely that there will be four Club 250 fans groups - after Directors expenses, and lawyers fees....

[Pans Jambo]

31 minutes ago, SE16 3LN said:

 It was voted out because it was shite. The police have just as much power to act against bigotry now as they did before the repeal and before the legislation was passed. 

Dont disagree but whay the big hooha to get it repealed & who were the main agitators doing all the moaning about it?

[Mikey1874]

Impressive determination to challenge / overtake Celtic 

[The Apprentice]

On ‎08‎/‎06‎/‎2018 at 15:40, John Findlay said:

Bury and Wigan the cheap options, very cheap options.

There's no chance they'd play anyone decent and risk taking a tanking in one of Gerrard's first games - even in a pre-season friendly.  In saying that Wigan could quite easily turn them over.

[BelgeJambo]

1 hour ago, The Apprentice said:

There's no chance they'd play anyone decent and risk taking a tanking in one of Gerrard's first games - even in a pre-season friendly.  In saying that Wigan could quite easily turn them over.

Wigan - Half the gate money to pay for Walker deal done?

[Alva-Jambo]

For all I despise what was the club Rangers before they died  ( got two hates into one short sentence not bad eh!) 

they are at least bold to state their lordly intentions to get back to top spot in this country.  Brash? yes. Misguided? probably.

 

On that same theme however, I want to see that  Levein and our own people

would come out with strong statements of intent for next term. No wonder at present we seem only to have drummed up 10K season renewals.

It is simply not good enough Hearts,  we need over  16K to help us pay off the stand, new pitch etc.   Not to mention bringing in several new players,

though partly offset by the saving on those leavers. 

[doctor jambo]

3 minutes ago, Alva-Jambo said:

For all I despise what was the club Rangers before they died  ( got two hates into one short sentence not bad eh!) 

they are at least bold to state their lordly intentions to get back to top spot in this country.  Brash? yes. Misguided? probably.

 

On that same theme however, I want to see that  Levein and our own people

would come out with strong statements of intent for next term. No wonder at present we seem only to have drummed up 10K season renewals.

It is simply not good enough Hearts,  we need over  16K to help us pay off the stand, new pitch etc.   Not to mention bringing in several new players,

though partly offset by the saving on those leavers. 

Rangers state intention to challenge for the title- the press laud and cheer and back them all the way.

 

Hearts state intention to challenge for title- even section of out own fans would laugh, point, decry it as foolish and a sign our manager had lost it and was embarrassing the club

[Jeff]

They are trying to sign Walker eh? If his Edinburgh Derby performances are anything to go by then Celtic won't need to spend a penny this summer.

[Jambof3tornado]

34 minutes ago, Alva-Jambo said:

For all I despise what was the club Rangers before they died  ( got two hates into one short sentence not bad eh!) 

they are at least bold to state their lordly intentions to get back to top spot in this country.  Brash? yes. Misguided? probably.

 

On that same theme however, I want to see that  Levein and our own people

would come out with strong statements of intent for next term. No wonder at present we seem only to have drummed up 10K season renewals.

It is simply not good enough Hearts,  we need over  16K to help us pay off the stand, new pitch etc.   Not to mention bringing in several new players,

though partly offset by the saving on those leavers. 

They are pandering to their deluded masses.

 

And we havent only sold 10k tickets.

[Footballfirst]

The latest BDO Report to Creditors is now available on the BDO website

https://www.bdo.co.uk/en-gb/rfc-2012-plc

 

Some highlights (lowlights) from the Report:

 

After consulting with the Committee it was agreed that the Joint Liquidators should commence legal action against the former Joint Administrators. A claim of £28m was issued on 9 February 2017. The litigation is ongoing and the Joint Liquidators are not in a position to comment further at this stage.

 

The appeal was heard at the Supreme Court on 15 and 16 March 2017. Following two days of argument, on 5 July 2017 the Supreme Court ruled in favour of HMRC and the Company’s appeal was dismissed. HMRC’s proposed bill of account, which the Company was ordered to pay, totalled c£320k  which, after review by the Joint Liquidators’ law accountant and a series of negotiations, was subsequently reduced to £240k.

 

A significant proportion of the Big Tax Case Claim of c£74m relates to interest and penalties (c£36m). The Joint Liquidators are currently reviewing the submitted claim with the assistance of tax specialists and continue to engage in discussions with HMRC with regard to the level of claim to be admitted in the liquidation.

 

The previous report dated 5 December 2017 sets out the circumstances under which various claims have been submitted by Wavetower, and how on each occasion these have been rejected by the Joint Liquidators. This matter is ongoing, in accordance with the Court procedure. Following a series of protracted correspondence and meetings, HJL intimated that Wavetower would seek to increase its claim to £18m and consider appointing administrative receivers over the Company. The Joint  Liquidators took steps to avoid such an eventuality and obtained an interim interdict in favour of the Company which precludes Wavetower from making a receivership appointment. Whilst Wavetower continue to make representations in respect of the interdict, based on legal advice received the Joint Liquidators consider that the merits of the claim will be decided in advance of the interdict issue. It is likely this matter will be heard as a proof by the Court of Session, where both parties will advance their arguments.

 

The creditors pot is now down to just £8.28m  (could rise if action v D&P is successful).

 

Contrary to press reports that HMRC has received nothing in the way of dividends, the report shows that they received £3,658,915.11 in the last six month reporting period.

 

The Wavetower/HJL claim is somewhat bizarre in that it has gone back up to £18m, and that they planned to have receivers appointed, although that has been stopped by interdict.

 

I can’t say that I’ve ever heard of a company “in liquidation” having receivers appointed.

Edited June 11, 2018 by Footballfirst

[Cruyff Turn]

1 hour ago, Jeff said:

They are trying to sign Walker eh? If his Edinburgh Derby performances are anything to go by then Celtic won't need to spend a penny this summer.

They are welcome to him, he's feckin horseshit, had a purple patch and now it's over. Wouldn't get on our bench these days.

[WageThief]

9 hours ago, Pistol1874 said:

So Rangers, a football club with 40,000+ season ticket holders and with collateral in the way of the stadium, the car park etc, cannot secure credit from a ‘High St Bank’, but there is one that will lend £2million to a group of fans of said club against an income stream of voluntary donations and with, presumably, no security to offer?

Right.

 

Yeah, it is certainly the case Sevco cannot secure cheap credit (hence the Close bros loan) but the loan to Club1872 is pretty hard to believe.  They've got 1m in the bank and 10% of the (soon to be diluted) shares though, so whatever that is worth I suppose.  

 

The whole idea of a bank lending to a fan group to buy a club they wont touch is utterly bizarre.  

[Libertarian]

7 hours ago, Pans Jambo said:

Dont disagree but whay the big hooha to get it repealed & who were the main agitators doing all the moaning about it?

I have absolutely nothing but contempt for anyone who indulges in sectarian or offensive behaviour of any kind, however it was outrageous that football fans were singled out by the SNP a predominantly middle class party who seem to delight in telling everyone how to live their lives.

[Pans Jambo]

53 minutes ago, Hearts Daft said:

I have absolutely nothing but contempt for anyone who indulges in sectarian or offensive behaviour of any kind, however it was outrageous that football fans were singled out by the SNP a predominantly middle class party who seem to delight in telling everyone how to live their lives.

Another way to look at it is that nobody EVER did anything to address ‘Scotlands disgrace’ and at least the SNP tried. I agree it wasnt really fit for purpose however; in my opinion, if the zombies and their apologists had just ‘got on with it’ like the rest of us instead of bleating and bitching then the repeal would never have happened. The legislation didnt affect me one bit. Why did it affect the sectarians? Because they are sectarians. 

Why did it affect others? Because its SNP bad & an opportunity to stick the boot in. 

I think they should be congratulated for even trying to tackle this but in the end, the sectarians won. Again. 

[jambo1961]

Quite a few in the SNP just hate

[jambovambo]

Please let’s not derail this thread. 

[jambo1961]

16 minutes ago, jambovambo said:

Please let’s not derail this thread. 

Its been a train crash from the off some might say 

 

Though certainly lasted the test of time that's for sure 

Edited June 11, 2018 by jambo1961

[Bridge of Djoum]

On 6/7/2018 at 21:19, jamboz said:

 

Whilst I might not like it I certainly would rather be dominated by and see a successful team that play within the rules and in the spirit of the game than see any version of a cheating, bullying, manipulative, tax evading, victim mentality, self important, bigoted sevco anywhere near Scottish football. 

 

And anyone who doesn’t think that sevco and the footballing authorities should be kept honest and held accountable for any and all past, present and future cheating, shenanigans, collusion, rule breaking etc is most likely a sevco supporter/sympathiser, probably a sectarian bigot and definitely an idiot. 

Get off that fence!

[Mikey1874]

6 hours ago, Alva-Jambo said:

For all I despise what was the club Rangers before they died  ( got two hates into one short sentence not bad eh!) 

they are at least bold to state their lordly intentions to get back to top spot in this country.  Brash? yes. Misguided? probably.

 

On that same theme however, I want to see that  Levein and our own people

would come out with strong statements of intent for next term. No wonder at present we seem only to have drummed up 10K season renewals.

It is simply not good enough Hearts,  we need over  16K to help us pay off the stand, new pitch etc.   Not to mention bringing in several new players,

though partly offset by the saving on those leavers. 

 

Yes

 

Why we need to allow club to spend FoH money from 2020 (when we've bought club) as they see fit to strengthen squad. 

[tcjambo]

1 hour ago, Pans Jambo said:

Another way to look at it is that nobody EVER did anything to address ‘Scotlands disgrace’ and at least the SNP tried. I agree it wasnt really fit for purpose however; in my opinion, if the zombies and their apologists had just ‘got on with it’ like the rest of us instead of bleating and bitching then the repeal would never have happened. The legislation didnt affect me one bit. Why did it affect the sectarians? Because they are sectarians. 

Why did it affect others? Because its SNP bad & an opportunity to stick the boot in. 

I think they should be congratulated for even trying to tackle this but in the end, the sectarians won. Again. 

You can do other things other than legislation. It was a bad law and needed repealed. In saying that sectarianism is pathetic and we would all like to see it disappear from society. Football clubs have made huge strides in reducing racist abuse.

[PeterintheRain]

1 hour ago, tcjambo said:

You can do other things other than legislation. It was a bad law and needed repealed. In saying that sectarianism is pathetic and we would all like to see it disappear from society. Football clubs have made huge strides in reducing racist abuse.

 

 The law was just part of a range of actions undertaken since the raving OO supporting bigots of labour were kicked out in 2007.   Shame that the terrorist supporting plastic irish republican over there but unionist over here, and all round moron J Kelly was indulged in his politics by the green Holy Willies.

 

    Just why do you want to bellow out sectarian anthems at football?

 

   You do know that eufa (I'm not French) apply the same laws in their competitions, so why make such a fuss when it's a domestic match?

[Footballfirst]

Anything to do with a forthcoming Judicial Panel Disciplinary Tribunal hearing on 26 June by any chance?

 

The Times Scotland‏Verified account @thetimesscot

Exclusive: The Scottish Football Association will this week begin the search for a new compliance officer after Tony McGlennan tendered his resignation.

 

The report includes :

‘One of McGlennan’s last acts was among his most controversial, when he issued two charges against Rangers for alleging breaches of SFA regulations relating to how the club obtained a Uefa licence to play European football in 2011.He had conducted an eight-month investigation into the episode before he issued the charges. The principal hearing into the case will be on June 26, with Rangers having said the club will “fiercely resist” what it called “ridiculous” charges.’

https://www.thetimes.co.uk/article/tony-mcglennan-resigns-from-sfa-post-mclk8d6vl

Edited June 12, 2018 by Footballfirst

[Hagar the Horrible]

Well you have to hand it to King, another Thellik minded person in the SFA has been resigned...erhmm , this one provided proof that Rangers cheated in 2011 to use UEFA money to fund their existance when in clear breach of the rules?  now will the next compliance officer carry that through or will they be a Sevcosychophant?   Our clubs would rather the whole mess be swept under the carpet, but here is hoping UEFA insist justice be done.

 

Why dont the SFA just go the whole hog and put King in charge of our game

[jambovambo]

The stars are all aligning that the major offensive by King and level 5 recently is all about discrediting any investigation that might stop them getting Europe next season. 

 

Convinced now.