RobNox Posted August 29, 2014 Share Posted August 29, 2014 I was over on rangers media(it's a cess pit over there) to see what the orc's where saying and almost nothing about the announcement, quite incredible, all patting sally on the back re his tantrum at the press conference today, they really have no notion of reality. Me also, I was expecting a seethe fest, but it's almost like nothing has happened. There were more posts about the Ally press conference than there were about the potential imminent demise of their club. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 29, 2014 Share Posted August 29, 2014 Looks like 18 September will be a very significant day in Scottish history for more reasons than one! Link to comment Share on other sites More sharing options...
RobNox Posted August 29, 2014 Share Posted August 29, 2014 I see there's a thread over there along the lines of 'where are all the rich Rangers fans?' They are still waiting on someone with more money than sense coming along to bail them out. They haven't grasped the fact that, while they all believed SDM was pumping money into the club, none of it was his money, it was all borrowed. When his other businesses started to get into difficulty, the money dried up and the bank stepped in. Link to comment Share on other sites More sharing options...
graygo Posted August 29, 2014 Share Posted August 29, 2014 Watch the SFA & SPFL squirm with this one, they have done all they can to perpetrate the fiction that it is the same club, if/when sevco go tits up they may have to apply a sanction based on that which will almost certainly prevent sevco from gaining promotion to the spl promised land. Although the new spfl rules use the word "discretion" a lot when it comes to punishments. Also will they ask for a bond from sevco the same as they did with livingston a few years ago??? This is the gift that keeps on giving. I was over on rangers media(it's a cess pit over there) to see what the orc's where saying and almost nothing about the announcement, quite incredible, all patting sally on the back re his tantrum at the press conference today, they really have no notion of reality. Me also, I was expecting a seethe fest, but it's almost like nothing has happened. There were more posts about the Ally press conference than there were about the potential imminent demise of their club. There's a thread in their Boardroom and Financial but you need to be a registered user to view it. It's a belter by the way Link to comment Share on other sites More sharing options...
Strachsuit Posted August 29, 2014 Share Posted August 29, 2014 The Company's balance sheet is negative and the Company would be insolvent (on the basis of being unable to pay its debts as they fall due) without the onging support ...... The offer, if fully subscribed, should provide the Club with sufficient working capital to achieve its goals for the season without requiring additional funding. However if the offer is not fully subscribed the Club may have insufficient capital to achieve its goals for the season and may have to seek additional sources of funding. © Heart of Midlothian Share Offer 2012 Astonishing similarities. The next few weeks will be very interesting indeed. Link to comment Share on other sites More sharing options...
Jambo 4 Ever Posted August 30, 2014 Share Posted August 30, 2014 Oh dear ..... jamie negri Today, 08:43 PM Doesn't matter how many times we are knocked down/liquidated/new company/new owners. We will rise again, it might take much longer than we all initially thought but we will be back there at the summit of Scottish Football one day because WE ARE THE PEOPLE. Link to comment Share on other sites More sharing options...
Zico Posted August 30, 2014 Share Posted August 30, 2014 Could be. It was the Cowboys, but it's George Soros I feel sorry for. George ******* Soros. Link to comment Share on other sites More sharing options...
Antwan Posted August 30, 2014 Share Posted August 30, 2014 HA HA Rangers are ******!................Just saying is all... Link to comment Share on other sites More sharing options...
I P Knightley Posted August 30, 2014 Share Posted August 30, 2014 Scotzine ?@scotzine 47s Chris Graham and the Union of Fans claim that there is ?30 million waiting in the wings for Rangers. Just released their 10pm statement Accusing the board of being "disingenuous" and proceeding to wittier on about investment (from sources unknown or unsubstantiated) without any recognition of the urgent need to curb overspending. That's more ironic than a black fly in your Chardonnay. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted August 30, 2014 Share Posted August 30, 2014 I note with hilarity the Union of Teddy Bears statement above. Chuckle package is waiting in the wings. Link to comment Share on other sites More sharing options...
scottg71 Posted August 30, 2014 Share Posted August 30, 2014 Ally says he hasn't discussed his player budget with Graham Wallace this week and doesn't know if he can get one or two in. Link to comment Share on other sites More sharing options...
sam Posted August 30, 2014 Share Posted August 30, 2014 Ally says he hasn't discussed his player budget with Graham Wallace this week and doesn't know if he can get one or two in. He must be even thicker than I thought if he is unsure wether he can bring in more players. The rangers are on the brink of admin 2 and this idiot is still on about bringing players in. Link to comment Share on other sites More sharing options...
sam Posted August 30, 2014 Share Posted August 30, 2014 Ally says he hasn't discussed his player budget with Graham Wallace this week and doesn't know if he can get one or two in. He must be even thicker than I thought if he is unsure wether he can bring in more players. The rangers are on the brink of admin 2 and this idiot is still on about bringing players in. Link to comment Share on other sites More sharing options...
millano77 Posted August 30, 2014 Share Posted August 30, 2014 He must be even thicker than I thought if he is unsure wether he can bring in more players. The rangers are on the brink of admin 2 and this idiot is still on about bringing players in. Let him sign another player and put the nail in the coffin for them. They deserve everything that comes to them regarding admin due to not learning from their mistakes. On a positive note if they went out the box this season it could be a nail in the coffin for hibs as they would be banking on revenue from rangers Link to comment Share on other sites More sharing options...
marshallschunkychicken Posted August 30, 2014 Share Posted August 30, 2014 (edited) http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-mike-ashley-frame-4132352 "Now it appears to be a straight fight between Dave King and Sports Direct tycoon Mike Ashley to restore the cash-strapped Ibrox outfit to their former glories." Edited August 30, 2014 by marshallschunkychicken Link to comment Share on other sites More sharing options...
jambovambo Posted August 30, 2014 Share Posted August 30, 2014 WE NOTE WITH DISMAY FUNDING PACKAGE See when I saw that ... FUNDING PACKAGE ... I thought that was you getting past the sweary filter, for a moment. Link to comment Share on other sites More sharing options...
Tommy Brown Posted August 30, 2014 Share Posted August 30, 2014 He must be even thicker than I thought if he is unsure wether he can bring in more players. The rangers are on the brink of admin 2 and this idiot is still on about bringing players in. During the close season, comical Ally was preaching that his wage/turnover ratio was to be envied throughout Europe. The guy is playing a stormer. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 30, 2014 Share Posted August 30, 2014 (edited) http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-mike-ashley-frame-4132352 "Now it appears to be a straight fight between Dave King and Sports Direct tycoon Mike Ashley to restore the cash-strapped Ibrox outfit to their former glories." Gary Ralston! times one billion! Edited August 30, 2014 by Geoff Kilpatrick Link to comment Share on other sites More sharing options...
jambovambo Posted August 30, 2014 Share Posted August 30, 2014 http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-mike-ashley-frame-4132352 "Now it appears to be a straight fight between Dave King and Sports Direct tycoon Mike Ashley to restore the cash-strapped Ibrox outfit to their former glories." Strong words for the Daily Ranger ... Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 30, 2014 Share Posted August 30, 2014 Keef's Q & A is superb! Q: Could Rangers survive a second liquidation? Er... Link to comment Share on other sites More sharing options...
Tommy Brown Posted August 30, 2014 Share Posted August 30, 2014 http://www.dailyreco...y-frame-4132352 "Now it appears to be a straight fight between Dave King and Sports Direct tycoon Mike Ashley to restore the cash-strapped Ibrox outfit to their former glories." oh no!! not Dave King. He's got his kids inheritence to invest, bloody gazillions. Champions League better watch out. Link to comment Share on other sites More sharing options...
colinmaroon Posted August 30, 2014 Share Posted August 30, 2014 Can only assume it's down to arrogance and/or ignorance probably. In linguistic studies you find words that capture the essence of several "English" words. In Sevco speak - arrogance and ignorance is the same word.- arrogignorance! Link to comment Share on other sites More sharing options...
Munch Posted August 30, 2014 Share Posted August 30, 2014 Dave King and Mike Ashley in frame to save Rangers after board beg for ?4million to stave off collapse Aug 30, 2014 03:00 IBROX directors admit they need a cash injection to keep the club afloat with rival tycoons King and Ashley thought to be most likely source of emergency funding. THE Rangers board have sent out the begging bowl again and admitted they have only a fortnight to save their club.Now it appears to be a straight fight between Dave King and Sports Direct tycoon Mike Ashley to restore thecash-strapped Ibrox outfit to their former glories.Rangers admitted in a statement to the Stock Exchange they need to raise ?4million by the middle of September or the lights could go out again on Edmiston Drive.Even then, the money would only see them through the next couple of months as they have to repay debts of ?1.5million to Sandy Easdale and wealthy fan George Letham, and will need further, more significant investment to see out the season.Rangers admitted: ?The open offer is not underwritten. If the aggregate level of subscription is less than 15,000,000 new ordinary shares, the open offer will not proceed.?Should this occur, the company will be unable to pay its creditors as they fall due and the future of the company will be uncertain. The directors will immediately have to seek emergency financing which may or may not be available.?The Light Blues legions have reacted with horror to the prospect of another administration at their club and have called on the board to back down and enter into formal discussions with King.Newcastle United owner Ashley is also believed to be considering his options but that would not sit easily with the SFA, even though they gave him backing to invest in the first place under former chairman Charles Green.King remains willing to invest ?30million but he has been kept at arm?s length by the board, not least because he wants to dump them all and start again. SNS Group City sources claim the South African tycoon refused to become involved with the plea for funds because the board refused to supply him with the financial information that would have made it possible for him to underwrite it.King declined to comment last night but the Union of Fans have demanded he be brought to the table to safeguard the long term future.Spokesman Chris Graham said: ?They now hang the threat of a second ?administration over the heads of both fans and shareholders when they remain fully aware that funding can be brought in from outside.?If this board would finally start to do their job properly, there can be no threat of administration. A ?30million funding package has been available for at least the past seven months and remains available. Who would you prefer to be in charge at Rangers The current board Mike Ashley Dave King Charles Green Someone else ?Chief executive Graham Wallace and the other board members have known for at least nine months that significant levels of investment were required, not only to see out the current season but also to invest properly in the club.? Ashley holds around nine per cent of Rangers and the SFA allowed him to invest alongside Green, even though he also owns Newcastle United. UEFA rules prohibit two clubs with a shared owner from competing in the same competition ? such as the Europa League. It?s understood the SFA were uneasy about Ashley?s dual shareholding but took the decision it was better to ?safeguard the financial future of one of the major players in the Scottish game. SNS Group They were comforted Ashley would seek no day-to-day involvement in the club and his shareholding would remain below a 10 per cent threshhold. But that could all change and the SFA could find themselves rejecting Ashley?s involvement and potentially signing a death warrant for Rangers. It?s understood they would rather deal with King, even though he still has issues to resolve with the SFA around his own controversial business past. Graham said: ?The board apparently remain willing to allow Mike Ashley to significantly raise his stake in the club despite not having established whether this will fall foul of either the SFA or UEFA. ?Will this board deliver Rangers into the hands of those who care about it or to Mike Ashley, who will run it for his own benefit? ?We do not want Mike Ashley calling the shots at Rangers and we would hope the SFA would take a dim view of any attempt by the board to deliver the club to him, given the clear dual ownership issue.? The Union of Fans also acccused the Rangers board of financial incompetence for leading the club to the financial brink and say the ?4m raised will solve nothing. Graham said: ?The stark reality is that not a single penny of this ?4m, if raised, will be used to improve the club in terms of infrastructure or investment. ?It will be used to repay loans, to pay fees and to pay bills. Nothing else. ?Fans and shareholders should not be blackmailed into servicing this board. They are doing everything in their power to keep those who care about the club from having any control over its destiny.? Link to comment Share on other sites More sharing options...
Cardiac Rucksack Posted August 30, 2014 Share Posted August 30, 2014 That record story is scarily similar to those being printed before liquidation of the old company. Mental. Link to comment Share on other sites More sharing options...
Don Dan Posted August 30, 2014 Share Posted August 30, 2014 http://www.philmacgiollabhain.ie/question-to-the-scottish-football-association/ He won't get an answer. Link to comment Share on other sites More sharing options...
Paolo Posted August 30, 2014 Share Posted August 30, 2014 Have fun with the Daily Record survey. Link to comment Share on other sites More sharing options...
Alva-Jambo Posted August 30, 2014 Share Posted August 30, 2014 The present 'board' would rather let the club go into admin ( or 'again') whichever - than accept dosh from other consortia or individuals. Of course if it were from Charlie Green it would be fine as he is probably still in the woodwork at the present time. Sally looked like he was back on the booze yesterday. I reckon his time is nearly up there - 400K or not. Link to comment Share on other sites More sharing options...
Allowayjambo1874 Posted August 30, 2014 Share Posted August 30, 2014 If Rangers did go into Admin 2 they would be docked 25 points but what else would happen? Would an administrator be appointed to negotiate a deal regards creditors? All the high earners could then be released or renegotiated contracts? What about the board would they remain unless the shareholders voted no confidence? Or do the administrators tell them all to do one? And what would happen to the shareholders, i.e Blue pitch holdings/Margarita? Do they remain? Are they offered a deal for their shares? If they say no does the club get liquidated (again). Does Ibrox and MP get sold to highest bidder? And what happens with all these companies in the background taking them to court? (HMRC and Whitbread) It seems very complicated compared to what we went through (and god knows that was complicated enough) as they have these institutional investors who want to keep the club and also have people in the board room making lots of cash. Link to comment Share on other sites More sharing options...
Edward snowdon Posted August 30, 2014 Share Posted August 30, 2014 Why would King or Ashley invest ?4million just now , what control or stake does this actually give them over the existing spivs. Surely Admin 2 allows them to take over the club with the only downside a 25 point penalty. One more year in the championship is a better starting place than Division 3 Link to comment Share on other sites More sharing options...
Footballfirst Posted August 30, 2014 Share Posted August 30, 2014 Looks like 18 September will be a very significant day in Scottish history for more reasons than one! We will know more about Rangers future before then, as all the applications and monies are due in by 11am on 12th September. Link to comment Share on other sites More sharing options...
Allowayjambo1874 Posted August 30, 2014 Share Posted August 30, 2014 Why would King or Ashley invest ?4million just now , what control or stake does this actually give them over the existing spivs. Surely Admin 2 allows them to take over the club with the only downside a 25 point penalty. One more year in the championship is a better starting place than Division 3 Hate to say this but given that 4th place makes the final play off spot, Rangers with a 25 point penalty could maybe even still make it? Link to comment Share on other sites More sharing options...
Edward snowdon Posted August 30, 2014 Share Posted August 30, 2014 Hate to say this but given that 4th place makes the final play off spot, Rangers with a 25 point penalty could maybe even still make it? You may well be right so even more reason for King and Ashley to allow admin 2 Link to comment Share on other sites More sharing options...
tartofmidlothian Posted August 30, 2014 Share Posted August 30, 2014 Hate to say this but given that 4th place makes the final play off spot, Rangers with a 25 point penalty could maybe even still make it? Not so likely if they have to punt their best players. Although they didn't last time. Link to comment Share on other sites More sharing options...
Alva-Jambo Posted August 30, 2014 Share Posted August 30, 2014 (edited) Maybe WE are now a buying club if they are now a selling club . PS Maybe the present board would rather 'exist' with a 25 point deduction, than not exist with Dave King arriving! Edited August 30, 2014 by Alva-Jambo Link to comment Share on other sites More sharing options...
Allowayjambo1874 Posted August 30, 2014 Share Posted August 30, 2014 Not so likely if they have to punt their best players. Although they didn't last time. True, just thinking realistically if they do keep their best players (maybe on deferred wages scenerio) what points will they amass? Given QOS got into play offs with 55 points last season could Rangers get about 90 to sneak into 4th place with a 25 point deduction? It's doable for them. Today's match v QOS may be a good indication of how they will perform as a home win would suggest that they are not going to drop many more points at Ibrox and they just seem to grind out away results. Obviously hope not with us and Hibs in the league but a kind of siege mentality may just be the kind of thing that could help them rather than hinder them. Link to comment Share on other sites More sharing options...
Alva-Jambo Posted August 30, 2014 Share Posted August 30, 2014 Maybe WE are now a buying club if they are now a selling club . PS Maybe the present board would rather 'exist' with a 25 point deduction, than not exist with Dave King arriving Link to comment Share on other sites More sharing options...
Edward snowdon Posted August 30, 2014 Share Posted August 30, 2014 True, just thinking realistically if they do keep their best players (maybe on deferred wages scenerio) what points will they amass? Given QOS got into play offs with 55 points last season could Rangers get about 90 to sneak into 4th place with a 25 point deduction? It's doable for them. Today's match v QOS may be a good indication of how they will perform as a home win would suggest that they are not going to drop many more points at Ibrox and they just seem to grind out away results. Obviously hope not with us and Hibs in the league but a kind of siege mentality may just be the kind of thing that could help them rather than hinder them. No sure about your arithmetic but if 55 points last season got QOS into the playoffs then with a 25 point penalty new huns will need 80 points not 90 Link to comment Share on other sites More sharing options...
Allowayjambo1874 Posted August 30, 2014 Share Posted August 30, 2014 No sure about your arithmetic but if 55 points last season got QOS into the playoffs then with a 25 point penalty new huns will need 80 points not 90 Ha ha numpty that I am!! Makes it more possible though? Link to comment Share on other sites More sharing options...
Perth to Paisley Posted August 30, 2014 Share Posted August 30, 2014 Think it would be worth a wee cheeky bid for Trigger as a cover left back. ....payable in two instalments with the option of a reduced second instalment if paid early, No sympathy. Link to comment Share on other sites More sharing options...
Alva-Jambo Posted August 30, 2014 Share Posted August 30, 2014 Think it would be worth a wee cheeky bid for Trigger as a cover left back. ....payable in two instalments with the option of a reduced second instalment if paid early, No sympathy. Yes, thats what I am thinking. Link to comment Share on other sites More sharing options...
millano77 Posted August 30, 2014 Share Posted August 30, 2014 True, just thinking realistically if they do keep their best players (maybe on deferred wages scenerio) what points will they amass? Given QOS got into play offs with 55 points last season could Rangers get about 90 to sneak into 4th place with a 25 point deduction? It's doable for them. Today's match v QOS may be a good indication of how they will perform as a home win would suggest that they are not going to drop many more points at Ibrox and they just seem to grind out away results. Obviously hope not with us and Hibs in the league but a kind of siege mentality may just be the kind of thing that could help them rather than hinder them. If they lose this game fat Sally will again blame the things going on off the field, just like when we beat them Link to comment Share on other sites More sharing options...
wibble Posted August 30, 2014 Share Posted August 30, 2014 Where are all the posters who can put my mind at ease that the Rangers will easily see out the season?? Link to comment Share on other sites More sharing options...
Munch Posted August 30, 2014 Share Posted August 30, 2014 Rangers Boss Ally McCoist in Transfer Cash Plea To Board The troubled Glasgow giants announced yesterday that they need to raise at least ?3million from a new share offering later this year. That shock admission led to speculation that Gers stars like Lewis Macleod and Lee Wallace could be sold to generate much-needed cash. Light Blues left-back Wallace has been linked with a move to English Championship club Brighton during the summer. However, McCoist has not been told he has to offload anyone and is hoping the transfer window closes on Monday night without his top players leaving. He said: "I'm happy with the squad I've got. In an ideal world, we'd have tweaked it a wee bit here and there but we have a good pool of players. We have strengthened up front and at the back. "Like every other manager and coach in the country, I would like cash to spend to add a little bit here and there. "But if we don't have the opportunity to do that then I'm delighted with the boys I've got. "I haven't been told people have to go before people come in. Without stating the obvious, in the current climate I don't see much incoming activity at the moment." However, McCoist accepted the financial uncertainty at Rangers could result in rival clubs making knockdown bids for his leading players in the coming days. He said ahead of today's match with Queen of the South: "I would obviously hope as a manager that bids would be turned down. "I'm happy with my squad and I don't want to see it being depleted. "But I do know what's involved in football and I know that sometimes people make decisions that can alter your squad. That's part and parcel of football. "I could understand if clubs felt we may have to sell players, but I would hope that no bids come in for any of the players. We'll just have to wait and see what happens." He added: "If we did lose someone we'd need to move quick to find replacements with the money made available to me. "As I say, I'm not expecting to lose anyone. I'm expecting to go with the squad we've got and hopefully that's the case. "You obviously look at the squad and would like to add in one or two departments to make us stronger. Link to comment Share on other sites More sharing options...
Jamboman1512 Posted August 30, 2014 Share Posted August 30, 2014 Where are all the posters who can put my mind at ease that the Rangers will easily see out the season?? They are down the beach with that guy. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted August 30, 2014 Share Posted August 30, 2014 Where are all the posters who can put my mind at ease that the Rangers will easily see out the season?? Link to comment Share on other sites More sharing options...
jamboozy Posted August 30, 2014 Share Posted August 30, 2014 Think it would be worth a wee cheeky bid for Trigger as a cover left back. ....payable in two instalments with the option of a reduced second instalment if paid early, No sympathy. well said that person just what I was thinking this morning, no sympathy indeed. Link to comment Share on other sites More sharing options...
tartofmidlothian Posted August 30, 2014 Share Posted August 30, 2014 Rangers Boss Ally McCoist in Transfer Cash Plea To Board The troubled Glasgow giants announced yesterday that they need to raise at least ?3million from a new share offering later this year. That shock admission led to speculation that Gers stars like Lewis Macleod and Lee Wallace could be sold to generate much-needed cash. Light Blues left-back Wallace has been linked with a move to English Championship club Brighton during the summer. However, McCoist has not been told he has to offload anyone and is hoping the transfer window closes on Monday night without his top players leaving. He said: "I'm happy with the squad I've got. In an ideal world, we'd have tweaked it a wee bit here and there but we have a good pool of players. We have strengthened up front and at the back. "Like every other manager and coach in the country, I would like cash to spend to add a little bit here and there. "But if we don't have the opportunity to do that then I'm delighted with the boys I've got. "I haven't been told people have to go before people come in. Without stating the obvious, in the current climate I don't see much incoming activity at the moment." However, McCoist accepted the financial uncertainty at Rangers could result in rival clubs making knockdown bids for his leading players in the coming days. He said ahead of today's match with Queen of the South: "I would obviously hope as a manager that bids would be turned down. "I'm happy with my squad and I don't want to see it being depleted. "But I do know what's involved in football and I know that sometimes people make decisions that can alter your squad. That's part and parcel of football. "I could understand if clubs felt we may have to sell players, but I would hope that no bids come in for any of the players. We'll just have to wait and see what happens." He added: "If we did lose someone we'd need to move quick to find replacements with the money made available to me. "As I say, I'm not expecting to lose anyone. I'm expecting to go with the squad we've got and hopefully that's the case. "You obviously look at the squad and would like to add in one or two departments to make us stronger. Ehhh but that is stating the obvious. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted August 30, 2014 Share Posted August 30, 2014 Remember this share issue is to for the most part,to pay off last seasons loan. Link to comment Share on other sites More sharing options...
Munch Posted August 30, 2014 Share Posted August 30, 2014 check out the state of super salary in the interview demanding respect http://sport.stv.tv/football/290221-football-talk-leigh-griffiths-linked-with-hibs-loan-marco-reus-is-back/ Link to comment Share on other sites More sharing options...
Don Dan Posted August 30, 2014 Share Posted August 30, 2014 check out the state of super salary in the interview demanding respect http://sport.stv.tv/football/290221-football-talk-leigh-griffiths-linked-with-hibs-loan-marco-reus-is-back/ He knock his head with his knuckles and not surprisingly it sounded hollow. Link to comment Share on other sites More sharing options...
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