maroonlegions Posted September 5, 2014 Share Posted September 5, 2014 Somewhere between Traynorite and Jacksonium. Link to comment Share on other sites More sharing options...
hueyview Posted September 5, 2014 Share Posted September 5, 2014 Staying on the Biblical theme who would you nominate as Judas? Davie Murray and the 30 pieces of Silverware, got by loan payments Link to comment Share on other sites More sharing options...
Chester™ Posted September 5, 2014 Share Posted September 5, 2014 Google this ###########. I'd be banned sine die if I posted it and deservedly so., My word..... Link to comment Share on other sites More sharing options...
livingstonjambo Posted September 5, 2014 Share Posted September 5, 2014 Will Mike Ashley not just invest more money into them? He has the rights to the merchandise etc he needs a club to keep that cash flow coming for that Will he,can he,would it be too daft? Or is he aware that the SPFL will do anything to keep the rangers ticking over Link to comment Share on other sites More sharing options...
Beverley Posted September 5, 2014 Share Posted September 5, 2014 holy crap, that mcvicor boy is a right ****** womble Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 holy crap, that mcvicor boy is a right ****** womble He's well paranoid about getting his toaster nicked, eh? Link to comment Share on other sites More sharing options...
beavers Posted September 5, 2014 Share Posted September 5, 2014 Would anyone in their right mind want to lend money to Rangers in their current state. I don't think they have any assets left to secure against. Current shareholders can buy in at present of which Dave King isn't one . Bearing in mind they have said they will have to tap shareholders at the end of the year again, if its an open offer they will have to produce a full prospectus which is expensive and will expose all the skeletons unless they try and tap current shareholders (like they are doing now). Link to comment Share on other sites More sharing options...
BigC Posted September 5, 2014 Share Posted September 5, 2014 What's the deal with non payment of wages these days? Does the punishment-o-meter start ticking as soon as money is a no-no or does it take a complaint from a player? I believe the offending club has a duty to inform the league straight away and the league can take immediate action. The question is whether or not it is seen as a first offence - which I am assuming it will... I can't remember the punishment though. Link to comment Share on other sites More sharing options...
Allowayjambo1874 Posted September 5, 2014 Share Posted September 5, 2014 What's the deal with non payment of wages these days? Does the punishment-o-meter start ticking as soon as money is a no-no or does it take a complaint from a player? Always thought it was the players via the player union. At the end of the day if all players agree to defer or reduce wages with the club I am not sure rules have been broken. Thing is the players refused to take a 15% cut not that long ago so cannot see them agreeing to defer. Link to comment Share on other sites More sharing options...
Feeno Posted September 5, 2014 Share Posted September 5, 2014 It's supposed to be self disclosure within a couple of day of a remuneration default. There is an automatic ban on new registrations until the default is settled. Further actions may be taken against the club by the SPFL. In Hearts case it was just a warning following the first default, then a short registration ban, then a longer one. Thanks chief Link to comment Share on other sites More sharing options...
beavers Posted September 5, 2014 Share Posted September 5, 2014 (edited) Knuckledraggers...... david mcivor @DavidPmcivor · 51m he's owed **** all he cost us money the wee inbred p*** ###### (Edited) Edited September 5, 2014 by beavers Link to comment Share on other sites More sharing options...
i wish jj was my dad Posted September 5, 2014 Share Posted September 5, 2014 I am astounded that anyone is still surprised by these sorts. Rangers' support is absolutely riddled with these ******* vermin. Total scum. You couldn't be more wrong - they are all just ordinary punters who support their club and we should all feel sorry for them. Only a tiny minority are bigots and very few of them were actually involved in the attempt to intimidate anybody who felt that sporting integrity was more important than having the quarterly bigot fest. You just need to look at or listen to Alistair as an example of how they have faced up to the consequences of the evil Craig Whyte's tenure. No bleating about how Whyte wasted money on Tore Andre Flo or gained any advantage with these side contracts at the expense of BoS customers and the taxpayer . Ally and the boys took it on the chin, cut their cloth accordingly and scrapped their way out of the divisions with a budget that was probably only about 20 times of their closest challengers. They never complained. They just got on with it. If Hearts or their fans could just look at the bigger picture, they would bend over and assume the position so that our big cousins could get back to making Scottish football great again. Amirite? Link to comment Share on other sites More sharing options...
Mikey1874 Posted September 5, 2014 Share Posted September 5, 2014 The fans are right to be upset and angry (at themselves) "You let your club die" Link to comment Share on other sites More sharing options...
jamboruss Posted September 5, 2014 Share Posted September 5, 2014 What's the deal with non payment of wages these days? Does the punishment-o-meter start ticking as soon as money is a no-no or does it take a complaint from a player? Fraser Wishart to grass you - so nae chance there then! Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 You couldn't be more wrong - they are all just ordinary punters who support their club and we should all feel sorry for them. Only a tiny minority are bigots and very few of them were actually involved in the attempt to intimidate anybody who felt that sporting integrity was more important than having the quarterly bigot fest. You just need to look at or listen to Alistair as an example of how they have faced up to the consequences of the evil Craig Whyte's tenure. No bleating about how Whyte wasted money on Tore Andre Flo or gained any advantage with these side contracts at the expense of BoS customers and the taxpayer . Ally and the boys took it on the chin, cut their cloth accordingly and scrapped their way out of the divisions with a budget that was probably only about 20 times of their closest challengers. They never complained. They just got on with it. If Hearts or their fans could just look at the bigger picture, they would bend over and assume the position so that our big cousins could get back to making Scottish football great again. Amirite? They're just like us, our cousins and matchday drinking buddies. Link to comment Share on other sites More sharing options...
...a bit disco Posted September 5, 2014 Share Posted September 5, 2014 They're just like us, our cousins and matchday drinking buddies. Exactly mate. Link to comment Share on other sites More sharing options...
i wish jj was my dad Posted September 5, 2014 Share Posted September 5, 2014 stop being obsessive. Think about those excellent results against Falkirk ...and Peterhead and Forfar. Link to comment Share on other sites More sharing options...
Brandt Posted September 5, 2014 Share Posted September 5, 2014 (edited) weetam3106 Re: Ahmad case - live tweets from court - Arrestment order granted up to max of 620k Maybe we can get blackie to put it on hearts to win the league? Edited September 5, 2014 by Brandt Link to comment Share on other sites More sharing options...
JamboCampbell Posted September 5, 2014 Share Posted September 5, 2014 Great news Link to comment Share on other sites More sharing options...
Jambo 4 Ever Posted September 5, 2014 Share Posted September 5, 2014 can anyone please summarise what the implactions of this decision is now for Rangers or what could happen now? Link to comment Share on other sites More sharing options...
The Mighty Thor Posted September 5, 2014 Share Posted September 5, 2014 They're just like us, our cousins and matchday drinking buddies. We share a passion for commemorative tea towels. 17th century battles a speciality. Link to comment Share on other sites More sharing options...
leginten Posted September 5, 2014 Share Posted September 5, 2014 can anyone please summarise what the implactions of this decision is now for Rangers or what could happen now? They're fecked. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 Exactly mate. They're just misunderstood and not deranged at all, mate. Link to comment Share on other sites More sharing options...
Rudolf's Mate Posted September 5, 2014 Share Posted September 5, 2014 Should have been shut down months ago according to way to many people on here. Na! Despite only visiting this thread every month or so. I find it incredibly pleasing Knuckledraggers...... david mcivor @DavidPmcivor · 51m he's owed **** all he cost us money the wee inbred p*** ###### (Edited) See the scummy bar steward is sat outside a run down shop with a cushion! Talk about keeping it classy! Anyone tell me how I post photos from an iPhone on the forum please...? if you're viewing on your iphone there should be an advert for Tapatalk. Get that as it's brilliant for JKB and you can post pics directly from the app. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 Rules on remuneration defaults (from the SPFL rule book) E17 Except in circumstances where there is a bona fide dispute as to liability for payment by the Club, where the Club is entitled to deduct or otherwise withhold payment of a sum otherwise due or where the Club takes, suffers or is subject to an Insolvency Event, any Club which shall fail to pay any sum due by it to a Player under and in terms of that Player?s Contract of Service and/or any sum due by it under a contract of employment to any Official engaged in football management and/or football coaching (a ?Remuneration Default?) shall be in breach of these Rules. E18 Any Club which suffers or is subject to a Remuneration Default shall within 2 days of such default notify the Secretary in writing of any such default with details of the amount(s) and Player(s) and/or Official(s) concerned and if it fails to so notify the Secretary it shall be in breach of these Rules. E19 Any Club which commits a Remuneration Default shall not, except with the consent of the Board, be entitled or permitted to Register any Professional Player with the League and the League shall not register such a Player until the Board is satisfied that such Remuneration Default shall no longer continue or subsist. Link to comment Share on other sites More sharing options...
...a bit disco Posted September 5, 2014 Share Posted September 5, 2014 They're just misunderstood and not deranged at all, mate. I hear what you're saying mate. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 We share a passion for commemorative tea towels. 17th century battles a speciality. Well said mate. Link to comment Share on other sites More sharing options...
thecorrieorphin Posted September 5, 2014 Share Posted September 5, 2014 Sorry if this has already been answered but i heard on SSN earlier that Mike Ashley can buy shares up to a 9.9% shareholding . If he were to do this how much cash would this provide them with Link to comment Share on other sites More sharing options...
Pans Jambo Posted September 5, 2014 Share Posted September 5, 2014 Google this ####### I'd be banned sine die if I posted it and deservedly so., He seems nice... Link to comment Share on other sites More sharing options...
Brandt Posted September 5, 2014 Share Posted September 5, 2014 (edited) For the Rangers fans. Stay strong - Edited September 5, 2014 by Brandt Link to comment Share on other sites More sharing options...
Rudolf's Mate Posted September 5, 2014 Share Posted September 5, 2014 can anyone please summarise what the implactions of this decision is now for Rangers or what could happen now? In my limited knowledge.... They have a matter of weeks to find serious investment or they'll likely default on wages, bills etc, etc! Once they start defaulting it's a question of what and who. If I had to take a guess my money would be on them defaulting on wages. If I was a creditor and they defaulted I wouldn't give them longer than the standard terms to rectify before taking action. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 Sorry if this has already been answered but i heard on SSN earlier that Mike Ashley can buy shares up to a 9.9% shareholding . If he were to do this how much cash would this provide them with He has 3M shares at present, so 9.9% would be just over 6.5M of the shares currently on issue. (3.5M shares at 20p a share that would be ?700K). However, assuming the share offer is fully subscribed 9.9% would equate to just under 8.5M of the enlarges share base (5.5M new shares at 20p would be ?1.1M) Link to comment Share on other sites More sharing options...
RTHO Posted September 5, 2014 Share Posted September 5, 2014 Oh how I do love the mess rangers have made. Even funnier is the attempt by some of the more intelligent (an oxymoron I know) fans to try and explain the situation without admitting the truth that they have allowed this to happen with their inaction. Feeling very smug Link to comment Share on other sites More sharing options...
thecorrieorphin Posted September 5, 2014 Share Posted September 5, 2014 He has 3M shares at present, so 9.9% would be just over 6.5M of the shares currently on issue. (3.5M shares at 20p a share that would be ?700K). However, assuming the share offer is fully subscribed 9.9% would equate to just under 8.5M of the enlarges share base (5.5M new shares at 20p would be ?1.1M) Cheers FF Link to comment Share on other sites More sharing options...
The Comedian Posted September 5, 2014 Share Posted September 5, 2014 Well said mate. Good debate tonight mate. Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 Good debate tonight mate. Agreed. I'll send you a PM, mate. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 In my limited knowledge.... They have a matter of weeks to find serious investment or they'll likely default on wages, bills etc, etc! Once they start defaulting it's a question of what and who. If I had to take a guess my money would be on them defaulting on wages. If I was a creditor and they defaulted I wouldn't give them longer than the standard terms to rectify before taking action. I think that events will start happening within the next week. They will know the take up of the share offer by Wednesday, the amount of "extra shares" subscribed for by Friday. If the make enough from that then they might be able to limp along to an AGM and a new share issue. However, I'm getting the feeling that the share offer is designed to fail (take up will be less than 75%). That being the case, decisions will have to be made very quickly, Straight into administration, or Sale and leaseback of Ibrox and/or Murray Park, or another loan (probably on onerous terms but secured on Murray Park or Ibrox). The Board will claim to have given the fans a chance to invest more, so they will go back on previous promises. Any creditor who is overdue payment could trigger insolvency should they seek a winding up order. Link to comment Share on other sites More sharing options...
SUTOL Posted September 5, 2014 Share Posted September 5, 2014 For the non twitterers what did he ****? For non twitterers, you don't need twitter or a twitter account to read what he said, or what a lot of people on twitter say. It's perfectly accessible from an internet browser. Link to comment Share on other sites More sharing options...
I P Knightley Posted September 5, 2014 Share Posted September 5, 2014 And for those who are in any doubt about the mentality of your average Rangers fan... check out ########## on Twitter... sheer class & he can expect a visit from the boys in blue... Why do people follow people like that on Twitter? Good stuff, but you could probably take it further: From the Genesis of Sevco, the Exodus of the fans, various Numbers of cash spirited away, several Judges asked to rule on their misdemeanours , the continuing worship of the Kings (Billy and Dave), Chronicles of mismanagement, various CEOs asleep on the Job, Lamentations about the actions of the various board members, Jonah himself in the form of their manager and onto the new testament with John (Brown) of the deeds fame, the incredible Acts of fans and directors, the Timothys with their jelly and ice cream, together with their leader Peter (Lawwell) having it in for them, Jude the patron saint of desperate cases and finally the Revelation that it was all in vain. That is just absolutely brilliant. It should get some kind of prize Link to comment Share on other sites More sharing options...
Deevers Posted September 5, 2014 Share Posted September 5, 2014 (edited) I wonder if their VAT and PAYE bills are up to date? I doubt if Hector would give them any lea way at all if they fail to stump up on time. Edited September 5, 2014 by Deevers Link to comment Share on other sites More sharing options...
Beverley Posted September 5, 2014 Share Posted September 5, 2014 He's well paranoid about getting his toaster nicked, eh? thats the thing thats concerning me the most to be honest! Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted September 5, 2014 Share Posted September 5, 2014 thats the thing thats concerning me the most to be honest! He seems terrified that it'll get nicked by some European type. Link to comment Share on other sites More sharing options...
Rudolf's Mate Posted September 5, 2014 Share Posted September 5, 2014 I think that events will start happening within the next week. They will know the take up of the share offer by Wednesday, the amount of "extra shares" subscribed for by Friday. If the make enough from that then they might be able to limp along to an AGM and a new share issue. However, I'm getting the feeling that the share offer is designed to fail (take up will be less than 75%). That being the case, decisions will have to be made very quickly, Straight into administration, or Sale and leaseback of Ibrox and/or Murray Park, or another loan (probably on onerous terms but secured on Murray Park or Ibrox). The Board will claim to have given the fans a chance to invest more, so they will go back on previous promises. Any creditor who is overdue payment could trigger insolvency should they seek a winding up order. FF do you think it will even be as high as 75%? I'm just going on what I'm reading re disgruntled fans with groups warning others not to invest etc. As you say, the next week is going to be very interesting Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted September 5, 2014 Share Posted September 5, 2014 thats the thing thats concerning me the most to be honest! Ach it is an old toaster he got it cheap in Aberdeen from Gordon Bennett http://news.bbc.co.uk/sport1/hi/football/teams/a/aberdeen/819059.stm Link to comment Share on other sites More sharing options...
WorldChampions1902 Posted September 5, 2014 Share Posted September 5, 2014 I wonder if their VAT and PAYE bills are up to date? I doubt if Hector would give them any lea way at all if they fail to stump up on time. Given 'Rangers' track record, I believe that HMRC would have their PAYE and VAT payments under constant scrutiny. In which case, I would expect them to be bang up to date (sadly). Link to comment Share on other sites More sharing options...
jamboruss Posted September 5, 2014 Share Posted September 5, 2014 Why do people follow people like that on Twitter? That is just absolutely brilliant. It should get some kind of prize Wait 'til you see Colin's version! Link to comment Share on other sites More sharing options...
kingdannyb Posted September 5, 2014 Share Posted September 5, 2014 High quality lies ; Summers added: "Talks are at an advanced stage with two potential investors. The club has not been in rude health for some time. But the situation is improving. The club is trading its way out of difficulties. It's current position is the envy of many English Premiership clubs.? "It is moving upwards through the leagues. The plan is for it to return into the Scottish Premiership and into the promised land of European competition where there is big money to be made through gate money, television rights and the like." Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 FF do you think it will even be as high as 75%? I'm just going on what I'm reading re disgruntled fans with groups warning others not to invest etc. As you say, the next week is going to be very interesting I honestly don't know what the take-up will be. None of the big shareholders have come out publicly and said what they are doing. The Rangers Supporters Trust and Rangers First fans groups have said that they will take it up but their holdings are less than 1%. Link to comment Share on other sites More sharing options...
RobNox Posted September 5, 2014 Share Posted September 5, 2014 In my limited knowledge.... They have a matter of weeks to find serious investment or they'll likely default on wages, bills etc, etc! Once they start defaulting it's a question of what and who. If I had to take a guess my money would be on them defaulting on wages. If I was a creditor and they defaulted I wouldn't give them longer than the standard terms to rectify before taking action. That sounds about right based on the numbers quoted in today's court case. They had ?1.2m in the bank, of which ?600k has now been ring fenced for Ahmed. That would barely, if at all cover their normal monthly overspend. If the share offer fails, then the next big test will be meeting September payroll. Assuming wages are paid at the end of the month, they have a home cup tie against ICT, who will receive half of the gate receipts than a home league match against Hibs just before the end of the month. That might give them enough to cover the wages for September, but they won't be in a position to meet October payroll unless they bring in additional funds. Bear in mind they also have outstanding shareholder loans of ?1.5m that are now overdue. Easdale stated in his 'grilling' by Keith Jackson that he was willing to let his ?500k loan ride, but apparently Letham, who is owed ?1m, only very reluctantly agreed to an extension, and may be less willing to let that continue, given the perilous state of the finances. If you give any credence to what PMcGB posts, according to him they have a few other outstanding bills. So if the share issue fails, unless someone else comes forward to provide additional funding, it's difficult to see them staying afloat for much more than a few more weeks. Link to comment Share on other sites More sharing options...
RobNox Posted September 5, 2014 Share Posted September 5, 2014 High quality lies ; Summers added: "Talks are at an advanced stage with two potential investors. The club has not been in rude health for some time. But the situation is improving. The club is trading its way out of difficulties. It's current position is the envy of many English Premiership clubs. "It is moving upwards through the leagues. The plan is for it to return into the Scottish Premiership and into the promised land of European competition where there is big money to be made through gate money, television rights and the like." :rofl: Did he actually say that and manage to keep a straight face? Link to comment Share on other sites More sharing options...
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