The Rangers soap opera goes on and on.

[Guest Bilel Mohsni]

Good post. It must be exhausting to be so bitter.

 

Are you saying you don't patronise Hibs fans?

 

The two situations can't be compared.

 

Hearts fans were given the opportunity, with the help of Budge, to come to an agreement over fan ownership. You never had David Murray/Dave King/Paul Murray/Martin Bain/Ally McCoist/Craig Whyte/D&P/Green/Ashley types standing in your way.

 

Rangers never had this opportunity. Duff&Phelps were never going to sell the club to anyone other than Greens consortium. Rangers have been stitched up the past 4 years. However, there is definitely an argument that Rangers fans have been naive enough to actually believe that those buying a football club might actually want to run it like a football club (rather than fleece it for all its worth).

FTFY

[Guest Bilel Mohsni]

But (and I'll give them the name they prefer) "Rangers" have never been just a "football club". It has been a cause. A focal point for ignorance, poison, bigotry and entitlement. A harbinger for those who choose to hate and discriminate against others simply because of religion or birth. It is the nucleus of what Jack McConnell called "Scotland's Shame". It's existence sustains what passes for a free press in Scotland whose raison d'etre is to make money by feeding the hunger for there traits I list above. There is a small minority that is interested in just football, but a massive majority who conform to all I have stated.

 

They are not innocent and have never been in the same situation as us. Wiping "Rangers" from the planet will not change these attitudes quickly, but over time it will. Keeping them alive to wallow in their poison that they call history will simply sustain the status quo.

 

From a footballing and general sporting perspective, I have nothing in common with these people. My country would be a better place without "Rangers".

Post of the month.

[Guest oldcastlerock2012]

Good post. It must be exhausting to be so bitter.

 

Are you saying you don't patronise Hibs fans?

 

The two situations can't be compared.

 

Hearts fans were given the opportunity, with the help of Budge, to come to an agreement over fan ownership. You never had D&P/Green/Ashley types standing in your way.

 

Rangers never had this opportunity. Duff&Phelps were never going to sell the club to anyone other than Greens consortium. Rangers have been stitched up the past 4 years. However, there is definitely an argument that Rangers fans have been naive enough to actually believe that those buying a football club might actually want to run it like a football club (rather than fleece it for all its worth).

We had the immovable ibject that was Romanov in our way. After admin we had various unsavoury characters sniffing around.

 

The difference is we appointed a decent admin, we didn't try to game the rules, we accepted our punishment, the fans rallied around as one instead if bickering between themselves, and we rebuilt in a sustainable way.

[Spellczech]

In fairness, I know there is a deep rooted bitterness in Scottish football. It is evident in nearly all supports, and I don't think its healthy.

 

 

 

 

I do think you overstate what Rangers 'represents'. And just because you have 'nothing in common with these people', how would Scotland be a better place? This reeks of bigotry and intolerance to be honest. 

 

 

 

D&P were moving the goal posts all the time. Green did not just magically appear at the death with his offer.. He was involved all along.

The mega-rich fans you mention did not get mega-rich by spending any more than they had to. They were told the fee they had to submit, they offered it, and then 'all of a sudden' D&P accepted the bid from a consortium that up until that point had not even been mentioned. Just how many offers were made by the Rangers men? I don't know. Only people who will know that are the consortiums themselves, and D&P.

 

I love the idea that it is bigoted and intolerant to criticise and disapprove of bigoted intolerance! Haha this is so typical of Of fans that they both call each other "bigots"...

[I.T.K]

"Sources tell me that the Sevco delegation also asked for additional finance from the Sports Direct people. Far from being amicable the mood of the meeting was characterised to me as ?frosty?."

 

Imagine if that's actually true[emoji1].

Sevco having the gall to ask big mike for a payday loan. Where's the lying kings money?.

After the way they fought to kick him out & gain control it would be karma if Ashley started a ball rolling. [emoji1]

 

I wounder what security King would need to offer Mike in return for a loan. #ibrox

[Dutchmul]

I wounder what security King would need to offer Mike in return for a loan. #ibrox

 

King doesn't have to offer anything, he isn't a director, merely the largest shareholder. The only people on the hook are the directors, it's up to them to get the cash to continue trading or pull the plug, the glib and shameless one has stitched them right up.

 

The lack of cash from the liar king is just astonishing, I think they do not have the cash for payroll this week, so it's either cash from king or another wonga loan or goodnight vienna, which would be quite funny seeing as the spfl has just increased the points penalty for insolvency events - http://www.bbc.co.uk/sport/0/football/32436839 -  do they know something we don't.........

Edited April 23, 2015 by Dutchmul

[Dutchmul]

In fairness, I know there is a deep rooted bitterness in Scottish football. It is evident in nearly all supports, and I don't think its healthy.

 

 

I do think you overstate what Rangers 'represents'. And just because you have 'nothing in common with these people', how would Scotland be a better place? This reeks of bigotry and intolerance to be honest. 

 

D&P were moving the goal posts all the time. Green did not just magically appear at the death with his offer.. He was involved all along.

 

The mega-rich fans you mention did not get mega-rich by spending any more than they had to. They were told the fee they had to submit, they offered it, and then 'all of a sudden' D&P accepted the bid from a consortium that up until that point had not even been mentioned. Just how many offers were made by the Rangers men? I don't know. Only people who will know that are the consortiums themselves, and D&P. 

 

We all know what rangers(and celtic) represent, bigotry and intolerance, thats what they represent so please don't come on here and try to argue otherwise.

 

Re the duffers and the sale of the assets, quick question, what was the rangers fans reaction to bill millers interest? they hounded him and basically told him to gtf, so you ended up with the man with the big hands and you swallowed his "journey" bullshit and you expect us to feel sorry for you, GTF. You have gotten what you deserved, you feel a sense of entitlement(your watp crap just reinforces that) and when someone told you all what you wanted to hear, you followed like sheep, no one to blame but yourselves, no different from when murray ran the club on other peoples money except this time there is no friendly bank to keep lending.

 

The "brogue wearing real rangers men" could have bought the assets any time before green got it, add up how much king, letham and the 3 stooges have spent on shares, it's more than green paid for the whole shebang. Now ask yourself why they didn't buy it at the time? because they wanted to use someone elses money, a familiar tale at ibrokes.

 

The spivs will continue to pick the bones of the carcass for as long as the orcs continue to spend money. Hope your enjoying your "journey".

[The Silent Assassin]

We all know what rangers(and celtic) represent, bigotry and intolerance, thats what they represent so please don't come on here and try to argue otherwise.

 

Re the duffers and the sale of the assets, quick question, what was the rangers fans reaction to bill millers interest? they hounded him and basically told him to gtf, so you ended up with the man with the big hands and you swallowed his "journey" bullshit and you expect us to feel sorry for you, GTF. You have gotten what you deserved, you feel a sense of entitlement(your watp crap just reinforces that) and when someone told you all what you wanted to hear, you followed like sheep, no one to blame but yourselves, no different from when murray ran the club on other peoples money except this time there is no friendly bank to keep lending.

 

The "brogue wearing real rangers men" could have bought the assets any time before green got it, add up how much king, letham and the 3 stooges have spent on shares, it's more than green paid for the whole shebang. Now ask yourself why they didn't buy it at the time? because they wanted to use someone elses money, a familiar tale at ibrokes.

 

The spivs will continue to pick the bones of the carcass for as long as the orcs continue to spend money. Hope your enjoying your "journey".

Spunk Keyboard

[Shrekeo]

The saga continues...

Phil MacGiollaBhain ?@Pmacgiollabhain 21m21 minutes ago

http://www.philmacgiollabhain.ie/amicable-discussions-and-plausible-deniability/#more-6217? Big Mike was in the room as well, but only for around ten seconds.

I'm not surprised to hear this.

 

Having met someone recently who has had dealings with Sports Direct, it appears a favourite tactic of Mike Ashley is to walk into a room and announce along the lines of:

 

"This is not a negotiation and this is the only offer you will ever get from me. I will be back in 20 minutes for your answer."

 

I imagine the other party described this shortly afterwards to shareholders as "amicable"....

Edited April 24, 2015 by Shrekeo

[Paolo]

I'm not surprised to hear this.

 

Having met someone recently who has had dealings with Sports Direct, it appears a favourite tactic of Mike Ashley is to walk into a room and announce along the lines of:

 

"This is not a negotiation and this is the only offer you will ever get from me. I will be back in 20 minutes for your answer."

 

I imagine the other party described this shortly afterwards to shareholders as "amicable"....

That is quite a clever tactic (if true, of course).

[269miles]

Just how many offers were made by the Rangers men? I don't know. Only people who will know that are the consortiums themselves, and D&P. 

Well given we haven't heard a a peep out of RRM or the Glasgow Rangers Media Fan Club since  , it's probably nil.

 

And it's nil for a reason.

Now stop looking for sympathy.

[Shanks]

Where's the Nomad?

 

Where's the money?

 

Two questions lambias asked. Still no sign of either.

[Jambo 4 Ever]

When is their payroll due?

[King Of The Cat Cafe]

So, can Rangers actually afford to get promotion?

[Pans Jambo]

Is all this news a genuine "Tick-Tock" moment or will there be (yet) another wheel barrow load of cash arriving from somewhere today to save their bacon (yet) again?

[Feeno]

Are they still getting cash held back from them as well, for a fine they never paid?

[Mcalford]

Looks like sevco will still need to pay up this cash after hibs failed in a bid to get it changed.

 

http://www.eveningtimes.co.uk/mobile/rangers/rangers-face-bumper-pay-out-to-spfl-after-clubs-retain-levy-204433n.124050312

I may have to look through other websites and I could well be wrong going by this story but my understanding was if the levy was cut it would only have an impact next season and not this season, I could be wrong but sure I read that somewhere else at the time it was proposed by Us, Hibs/Motherwell

[The Gasman]

Is all this news a genuine "Tick-Tock" moment or will there be (yet) another wheel barrow load of cash arriving from somewhere today to save their bacon (yet) again?

Each month they stagger on, the worse that their overall situation actually becomes - something the MSM seem to just keep ignoring.

 

Each time they borrow money to cover their day to day running costs, it just adds to their debts - it's all loans - they are still losing tens of thousands of pounds every single day this circus drags on - it all needs repaid at some point - so it is just postponing the inevitable, and piling up issues for when, eventually, the manure hits the wind turbine

Edited April 24, 2015 by The Gasman

[Mcalford]

Each month they stagger on, the worse that their overall situation actually becomes - something the MSM seem to just keep ignoring.

 

Each time they borrow money to cover their day to day running costs, it just adds to their debts - it's all loans - they are still losing tens of thousands of pounds every single day this circus drags on - it all needs repaid at some point - so it is just postponing the inevitable, and piling up issues for when, eventually, the manure hits the wind turbine

Well said, although a lot of the fans seem to think they will be competing with Celtic in 3 years, brought up a couple of your points to a Rangers supporting mate after they beat us in the last game and he just kept saying Hearts are a wee club, Rangers are bigger and will be above Hearts next season by 30+ points, they think they have all this money to buy players in the summer if they come up, but as you have pointed out, they are losing money on a daily basis and its eventually it will need paid back.

[Phage]

I may have to look through other websites and I could well be wrong going by this story but my understanding was if the levy was cut it would only have an impact next season and not this season, I could be wrong but sure I read that somewhere else at the time it was proposed by Us, Hibs/Motherwell

Cheeky *******s! If true. Ok dont like that idea scrap it this season... who cares about next season.

 

Rangers have to pay:

500k for loan payments

500k (roughly) for the gate levy

250k tv money held back for old fines

and only

350k ish coming in if they finish second

 

Chuck in wages and no season ticket money anytime soon... that 1.5m loan is getting spread pretty far even before considering the day to day cash drain.

[Pans Jambo]

Well said, although a lot of the fans seem to think they will be competing with Celtic in 3 years, brought up a couple of your points to a Rangers supporting mate after they beat us in the last game and he just kept saying Hearts are a wee club, Rangers are bigger and will be above Hearts next season by 30+ points, they think they have all this money to buy players in the summer if they come up, but as you have pointed out, they are losing money on a daily basis and its eventually it will need paid back.

Has yer mate had a lobotomy? 

[AndrewB]

Well said, although a lot of the fans seem to think they will be competing with Celtic in 3 years, brought up a couple of your points to a Rangers supporting mate after they beat us in the last game and he just kept saying Hearts are a wee club, Rangers are bigger and will be above Hearts next season by 30+ points, they think they have all this money to buy players in the summer if they come up, but as you have pointed out, they are losing money on a daily basis and its eventually it will need paid back.

 

The only thing I'll concede is that Rangers might get more points than us next season.  Reason being - we'll be in the Premiership and they'll still be in the Championship.

[Don Dan]

I'm beginning to wonder if King does in fact have the money needed to inject into the dying corpse.

[Horatio Caine]

Well said, although a lot of the fans seem to think they will be competing with Celtic in 3 years, brought up a couple of your points to a Rangers supporting mate after they beat us in the last game and he just kept saying Hearts are a wee club, Rangers are bigger and will be above Hearts next season by 30+ points, they think they have all this money to buy players in the summer if they come up, but as you have pointed out, they are losing money on a daily basis and its eventually it will need paid back.

That sounds suspiciously like the p**h they were spouting before this season.

[doctor jambo]

I love the fact that they cannot compete effectively in the Championship and the Petrofac whilst running at a ?8million annual loss, yet expect to compete in the higher division whilst breaking even,

utterly ga-ga

[Independence]

I love the fact that they cannot compete effectively in the Championship and the Petrofac whilst running at a ?8million annual loss, yet expect to compete in the higher division whilst breaking even,

utterly ga-ga

Ah.....but they are Ra Peepul !!!!!!! Pathetic and embarrassing to Scotland.

[The Gasman]

I'm beginning to wonder if King does in fact have the money needed to inject into the dying corpse.

I don't doubt that he is worth many millions, but whether that is cash, or tied up in assets and investments, and whether or not it is stuck in South Africa, may well be a limiting factor for him....

 

....Or he may just have decided to keep his hands in his pockets, while Park, Murray, etc try desperately to keep things solvent without drawing down on MA's second ?5m loan and/or possibly having to offer ?1brokes as security....

[wavydavy]

King is not a Fit and Proper Person he is a tax cheat and a Shameless Liar.

 

I wonder if the SFA will agree with you. I very much have my doubts.

[Dutchmul]

When is their payroll due?

 

Thursday.

 

Is all this news a genuine "Tick-Tock" moment or will there be (yet) another wheel barrow load of cash arriving from somewhere today to save their bacon (yet) again?

 

Well, they needed a last minute 1.5m loan last month from the 3 stooges after telling ashley to gtf and the liar king didn't pony up, so i'm expecting either another loan before thursday or it's admin.

 

The only possible reason I can see for mini me to have visited ashley was to beg for the 2nd 5m, my guess is the answer was no because ashley doesn't need to lend them any more cash, he has his security wrapped up as well as the retail deal, kerching.

 

Also bear(pardon the pun) in mind that sevco have another payday before the play off final is played in may.

[Riccarton3]

I wonder if the SFA will agree with you. I very much have my doubts.

 

I thought it was interesting Smith was saying King would still have an influence even if he failed the test (almost like preparing for bad news). Maybe it's going to be less clear cut than folks expect.

 

And maybe there are people at Ibrox now who don't want King to pass it.

Edited April 24, 2015 by Riccarton3

[The Gasman]

I thought it was interesting Smith was saying King would still have an influence even if he failed the test (almost like preparing for bad news). Maybe it's going to be less clear cut than folks expect.

 

And maybe there are people at Ibrox now who don't want King to pass it.

It's quite possible that King himself may not be too unhappy should he fail to be passed F&PP by the SFA..!

 

Edited April 24, 2015 by The Gasman

[Riccarton3]

If certain parties want King to pass, he will. By the same token, if they don't, he won't. I don't know who exactly will be pulling the strings but it is near impossible to believe a decision will be made independently by a completely compromised and discredited SFA.

[eddiepolio]

So will Sevco will have two pay days due before the final game of the season (the play off second leg and the Scottish cup final) what happens if the can't pay and have to go into administration? Will Falkirk have some sort of claim as they would have finished forth?

[Spellczech]

Ashley takes on the Sfa over the ?7.5k fine for dual ownership. http://www.telegraph.co.uk/sport/football/teams/rangers/11562357/Rangers-news-Mike-Ashley-takes-on-SFA-over-7500-fine-for-dual-ownership.html

The Rsl are saying sevco have been refused a place on the ISDX too. https://rangerssupportersloyal.wordpress.com/2015/04/24/no-isdx-for-rangers/

king doesn't want ISDX any more than he wanted AIM. Cheeky little offer to buy shares coming up methinks. Thus he gets ownership, and can control by proxy even if deemed not fit and proper...

[steve444]

[The Gasman]

Must admit I'm intrigued at Mike Ashley apparently appealing his ?7,500 fine.

 

It'll cost him more than that in legal fees. He doesn't come over as someone who bothers about what others think. It's an amount he could probably find down the back of his sofa.

 

So why bother with an appeal..?

 

Could he be up to something regarding Rangers ownership, that would need this decision and fine, set aside before he acts..?

 

Edited April 24, 2015 by The Gasman

[Toxteth O'Grady]

Ashley takes on the Sfa over the ?7.5k fine for dual ownership.

http://www.telegraph.co.uk/sport/football/teams/rangers/11562357/Rangers-news-Mike-Ashley-takes-on-SFA-over-7500-fine-for-dual-ownership.html

 

 

The Rsl are saying sevco have been refused a place on the ISDX too.

 

https://rangerssupportersloyal.wordpress.com/2015/04/24/no-isdx-for-rangers/

weird stuff if that was any other club they would get hammered but we know Campbell OgilbEBT will do nothing

[Angus Young]

Sevco need to pay this months wages on the 26th which is Sunday Super Salary and Clipboard Kenny are undertaking major gardening jobs and need to be paid as does Blackie.

[redjambo]

Although it wouldn't be surprising to learn that the ISDX had rejected Rangers' application for listing, it would surprise me greatly if they, or any of their representatives, had stated "We are not a market for AIM rejects."

[Geoff Kilpatrick]

People still clinging on to some faint hope that Sevco are going into admin.

 

Sheesh!

[DesertDawg]

Toxteth, you missed the critical part......... 

 

"The incoming regime chose not to draw down a second tranche of Ashley loan funding which was open to them. Instead, a second loan of ?1.5 million from the Three Bears consortium of wealthy Rangers supporters ? the first ?1.5 million was made available last month ? will shortly be accepted to bridge cash flow needs until season income for 2015-16 begins to flow in to the Ibrox coffers".

[Angus Young]

Toxteth, you missed the critical part......... 

 

"The incoming regime chose not to draw down a second tranche of Ashley loan funding which was open to them. Instead, a second loan of ?1.5 million from the Three Bears consortium of wealthy Rangers supporters ? the first ?1.5 million was made available last month ? will shortly be accepted to bridge cash flow needs until season income for 2015-16 begins to flow in to the Ibrox coffers".

 

So who is ponying up as it is clear the pot is empty ?

[Jambof3tornado]

The ISDX thing is not really a surprise tbh, but Ashley taking on the Sfa might be fun. [emoji1]

Is it not simply a case of any publicity is good publicity?

[Rick Grimes]

tbh I'm not sure that is true. Rangers history is purely about reaction to Catholics coming to Scotland and working for less money thus upsetting the locals especially in the shipyards near Govan. Celtic were started as a community club by a pries. Rangers already existed but only became popular as focal point for the bigotry. I asked on a thread a few weeks ago, what traditional values King and Murray are meaning when they talk of Rangers, other than all the hate, sectarianism and bigotry, and if there were any positive ones. Perhaps I asked in the wrong club's forum but I certainly got no responses. Now Celtic are no angels, and certainly allowed themselves to be hijacked by Irish Republicanism which was despicable laxity, but they have historically had a few positive values, whereas, as far as I know, Rangers have none.

 

[Dutchmul]

People still clinging on to some faint hope that Sevco are going into admin.

 

Sheesh!

 

It's simple economics, if you spend more than you earn, eventually you go bust. That's what happened to Rangers(IL), why don't you think it will happen to sevco?

[Geoff Kilpatrick]

It's simple economics, if you spend more than you earn, eventually you go bust. That's what happened to Rangers(IL), why don't you think it will happen to sevco?

Why? Because they got access to fresh capital. Now, you are correct in thinking that is getting burnt but they also have the potential now to increase their revenues on this season, irrespective of whether they are promoted. Plus cost management is much easier given the number of players out of contract.

[Unknown user]

It's simple economics, if you spend more than you earn, eventually you go bust. That's what happened to Rangers(IL), why don't you think it will happen to sevco?

There's simple economics and there's over simplified economics, there's a whole lot more to it than that.

 

Rangers will lose the majority of their heavy earners this summer which will allow them to make big changes.

They've also got this new thing called way more season ticket sales than we can dream of which will help a bit!

 

Administration is a possibility, but not that likely imo, at least not without another big development

[Dutchmul]

Why? Because they got access to fresh capital. Now, you are correct in thinking that is getting burnt but they also have the potential now to increase their revenues on this season, irrespective of whether they are promoted. Plus cost management is much easier given the number of players out of contract.

 

 

There's simple economics and there's over simplified economics, there's a whole lot more to it than that.

 

Rangers will lose the majority of their heavy earners this summer which will allow them to make big changes.

They've also got this new thing called way more season ticket sales than we can dream of which will help a bit!

 

Administration is a possibility, but not that likely imo, at least not without another big development

 

You are right in what you are saying, however, you are assuming that the orcs will buy into austerity and living within their means, thats not what they are about. What they want is to be challenging celtic, playing champions league and be back in their "rightful" place at the top of scottish football, they wont do that by cutting back on their spending.

 

If the current board start cutting the playing budget(which is the only budget they have not so far cut) the orcs will be in uproar, they want big signings anything else is unacceptable, if they don't get that they will not buy season tickets.

 

Re fresh capital, what fresh capital? so far the only new money available since the egm was the 1.5m loan from the 3 stooges, prior to that they burnt through ashley's 5m, so thats 6.5m in loans that they have spent in less than 6 months. Ashley's loan gives him security over all the assets except ibrokes as well as giving him most of the profits from retails sales.

 

Financially, they are a basket case and eventually the well will run dry unless someone is willing to invest 30/40/50 million and never get it back, they are being bled dry by the spivs and that won't stop unless someone buys out their contracts, and that will cost a lot of money.

 

If they had had decent owners back in 2012 and planned correctly they would have been in a great position financially at this point, however, they fell for the moonbeams from chuckles and all that WATP and journey crap and have been fleeced royally since then.

 

Just because the glib and shameless one and the 3 stooges are in control doesn't change a thing, they are a financial black hole which burns cash each and every month. The silence and lack of investment from king since the EGM tells me that things are far worse than he(and the 3 stooges) thought and they don't want to just pump in money otherwise they would have done it already and paid off ashley.

[Geoff Kilpatrick]

You are right in what you are saying, however, you are assuming that the orcs will buy into austerity and living within their means, thats not what they are about. What they want is to be challenging celtic, playing champions league and be back in their "rightful" place at the top of scottish football, they wont do that by cutting back on their spending.

 

If the current board start cutting the playing budget(which is the only budget they have not so far cut) the orcs will be in uproar, they want big signings anything else is unacceptable, if they don't get that they will not buy season tickets.

 

Re fresh capital, what fresh capital? so far the only new money available since the egm was the 1.5m loan from the 3 stooges, prior to that they burnt through ashley's 5m, so thats 6.5m in loans that they have spent in less than 6 months. Ashley's loan gives him security over all the assets except ibrokes as well as giving him most of the profits from retails sales.

 

Financially, they are a basket case and eventually the well will run dry unless someone is willing to invest 30/40/50 million and never get it back, they are being bled dry by the spivs and that won't stop unless someone buys out their contracts, and that will cost a lot of money.

 

If they had had decent owners back in 2012 and planned correctly they would have been in a great position financially at this point, however, they fell for the moonbeams from chuckles and all that WATP and journey crap and have been fleeced royally since then.

 

Just because the glib and shameless one and the 3 stooges are in control doesn't change a thing, they are a financial black hole which burns cash each and every month. The silence and lack of investment from king since the EGM tells me that things are far worse than he(and the 3 stooges) thought and they don't want to just pump in money otherwise they would have done it already and paid off ashley.

If the Orcs don't buy into it then the tribute act will be gone as well. Some won't of course, but that is their new reality.

 

As for the GASL, he's now bought in. No investment = pissing his share purchase against the wall. He will keep the lights on but not in the way their fans want.

[Jambof3tornado]

Rangers fans are only interested in finishing above celtic. This is unlikely for a while yet so if rangers do come up (I hope not),dont expect the crowds to surge.