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The Rangers soap opera goes on and on.


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Hagar the Horrible

The next thing to cling onto hope is, their interim results were not audited, and showed another loss, maintaining they can still rely on soft loans to stay above water,  Still a spin, but they were not audited, only their word as to how bad is bad.  Their books closed 30th June, they should be preparing their accounts now, to be audited in October and presented to the AGM in December, but as far as anybody knows nobody is taking them on,  DeLloites wont work with them after their staff member were threatened? The Cold Shouldering could still bear fruits.Their books and their accounts show they have ?12.5m in loans from Directors since 2015, and still need another ?4m debt or equity loan o see this season out.  They are going hand to mouth and could go like that for years, but all it takes is one payment called in and no cash flow, then the whole lot will come tumbling down, just like their crumbling stadium.

 

Their fans need to wake up and start a foundation of Zombies, they could be huge again, but they would rather have a suger daddy than do what we do, thier model is unsustainable

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When the authorities no longer represent you, it's time to change them

I agree but how?

 

They seem to be a law unto themselves.

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Hagar the Horrible

I agree but how?

 

They seem to be a law unto themselves.

I think the Government need to step in and see if a public enquiry is in order, this is corruption and it affects our national game? 

 

The SFA had made us an international laughing stock with no repect for integrity?  we are just as much to blame we dont respect ourselves, we allow it to happen.  if we are serius about fighting it, then a total boycott of internationals and their cup,  but apathy is the acolyte of the guilty!

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It's about time fans from all clubs put their differences aside and put a no confidence vote at their door,SFA are a corrupt organisation who care f... all about the fans.This useless body are only interested in living high on the hog and stealing money from true fans,the only thing that they have done is manage to make Scottish football a worldwide laughing stock,how in gods name none of them have been part of court proceedings is unbelievable totally criminal

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The only way clubs will listen to fans is by boycott only....Shameful that the majority of clubs in Scotland simply choose to ignore it's paying customer.....The game badly needs a review if the trust is ever to be restored again within our game.....The supporters of every club support should choose one home game to boycott over the course of a season. In this way the message would quickly get home to the SFA power brokers that fans are no longer prepared to tolerate the continuation of corruption within the sport.

 

It's about time that football clubs started to treat it's customers with a bit more respect. It's fine having shiny new stands and other promotions, however it's all meaningless if the game played on the pitch is seriously flawed (fixed).        

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The only way clubs will listen to fans is by boycott only....Shameful that the majority of clubs in Scotland simply choose to ignore it's paying customer.....The game badly needs a review if the trust is ever to be restored again within our game.....The supporters of every club support should choose one home game to boycott over the course of a season. In this way the message would quickly get home to the SFA power brokers that fans are no longer prepared to tolerate the continuation of corruption within the sport.

 

It's about time that football clubs started to treat it's customers with a bit more respect. It's fine having shiny new stands and other promotions, however it's all meaningless if the game played on the pitch is seriously flawed (fixed).        

Boycott the Scottish Cup - that's the SFA's baby.  I'm assuming it's not part of any ST deal these days so would cost the supporters nothing anyway. 

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  • 2 weeks later...
Hagar the Horrible

So a lot of ex-Rangers players, might have very sleepless nights now, as well as Newcastle and West Ham, and perhaps a few others,  I would still laugh if Deadco are re-classes as a pheonix, and I have no idea why i dislike Newcastle so much, but I would luagh too, if this was enough to hurt

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Footballfirst

 

Walter Smith was named as the pursuer in an action at the Court of Session yesterday, against someone called Neil Caisley, whose profile on his employer's (EFPG) web site, includes the statement "one of his specialisms is advising professional sportsmen and footballers."

 

It may be related, it may not, but on the face of it, it appears that Waldo is suing one of his financial advisors.

Edited by Footballfirst
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Hagar the Horrible

Walter Smith was named as the pursuer in an action at the Court of Session yesterday, against someone called Neil Caisley, whose profile on his employer's (EFPG) web site, includes the statement "one of his specialisms is advising professional sportsmen and footballers."

 

It may be related, it may not, but on the face of it it appears that Waldo is suing one of his financial advisors.

I dont do coincedence, but I cant remember the Cardigan being on the list?

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I dont do coincedence, but I cant remember the Cardigan being on the list?

IIRC Walter invested in one of those film making tax break scams which the revenue have gone after separately from the rangers stuff, it might have something to do with that.

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Footballfirst

I dont do coincedence, but I cant remember the Cardigan being on the list?

Waldo received an EBT of ?80,000 despite having left Rangers some years previously.  There were allegations that it was a bung related to the Michael Ball transfer from Everton to Rangers.

Edited by Footballfirst
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Hagar the Horrible

Waldo received an EBT of ?80,000 despite having left Rangers some years previously.  There were allegations that it was a bung related to the Michael Ball transfer from Everton to Rangers.

Just cant remember it,  still I wonder if a lot of those players who are still domiciled in the UK might need to do a Barry, and go bankrupt

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Footballfirst

Just cant remember it,  still I wonder if a lot of those players who are still domiciled in the UK might need to do a Barry, and go bankrupt

 

The UK based players I have records of include:

Alan Hutton, Alex Rae, Barry Ferguson, Billy Dodds, Bob Malcolm, Chris Burke, Gavin Rae, Ian Murray, Kris Boyd, Maurice Ross, Michael Ball, Neil McCann, Steven Davis, Steven Smith, Steven Thompson, plus a few management, coaches and directors.

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buzzbomb1958

Yes they will all declare bankrupcy in the next few weeks,though that doesn't mean they won't have to pay,they will have to make sure they hide their money very well

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The UK based players I have records of include:

Alan Hutton, Alex Rae, Barry Ferguson, Billy Dodds, Bob Malcolm, Chris Burke, Gavin Rae, Ian Murray, Kris Boyd, Maurice Ross, Michael Ball, Neil McCann, Steven Davis, Steven Smith, Steven Thompson, plus a few management, coaches and directors.

Maurice Ross managing in the Faroe Islands after a period in Norway. There was a good interview with him on Sportsound on Tuesday.

 

They didn't ask him about his EBT.

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Footballfirst

According to Rangers Media, letters have gone out from BDO to RFC (2012) creditors, indicating that they will receive an initial dividend of 3.91p in the ?.  Obviously, the EBT case has impacted dividend prospects, but BDO?s own costs have diminished the pot available.  At that rate HMRC will receive a little more than ?3.5m.

 

I think the only hope of any significant future dividends will depend on the success of the court action against D&P Administrators (or their insurers). The costs of the court action will also affect the amount available to creditors if the action fails (I assume that the dividend offered will have taken account of this possibility).

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Footballfirst

The Court of Session Rolls appear to have the next steps scheduled in the enforcement of the Takeover Panel's decision on Dave King and his concert party.

 

There is an "unstarred motion" motion before Lord Tyre today (6 Oct), then next week two days (12/13 Oct) have been set aside for a debate on the matter with Lord Bannatyne in the chair.

 

"Unstarred Motions" don't need the presence of counsel so I don't know what will be said or done tomorrow, but next week's hearing should provide an insight to Kingco's acquisition of 30%+ of the club.

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Hagar the Horrible

The Court of Session Rolls appear to have the next steps scheduled in the enforcement of the Takeover Panel's decision on Dave King and his concert party.

 

There is an "unstarred motion" motion before Lord Tyre today (6 Oct), then next week two days (12/13 Oct) have been set aside for a debate on the matter with Lord Bannatyne in the chair.

 

"Unstarred Motions" don't need the presence of counsel so I don't know what will be said or done tomorrow, but next week's hearing should provide an insight to Kingco's acquisition of 30%+ of the club.

It would be hilarious if they were banned from doing business for a set period of time,  Not sure how the cold shouldering would work with a football club? but EUFA cant stand-by.  Would their kiddy cash savings account with the metro bank be terminated as well?  But being cold shouldered would be another slap in the face for the SFA who said that King was a fit and proper person

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According to Rangers Media, letters have gone out from BDO to RFC (2012) creditors, indicating that they will receive an initial dividend of 3.91p in the ?. Obviously, the EBT case has impacted dividend prospects, but BDO?s own costs have diminished the pot available. At that rate HMRC will receive a little more than ?3.5m.

 

I think the only hope of any significant future dividends will depend on the success of the court action against D&P Administrators (or their insurers). The costs of the court action will also affect the amount available to creditors if the action fails (I assume that the dividend offered will have taken account of this possibility).

That court action against Duff & Phelps, if it goes ahead should produce more evidence that could form other cases including the one building against the SFA / SPFL.

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Footballfirst

It would be hilarious if they were banned from doing business for a set period of time,  Not sure how the cold shouldering would work with a football club? but EUFA cant stand-by.  Would their kiddy cash savings account with the metro bank be terminated as well?  But being cold shouldered would be another slap in the face for the SFA who said that King was a fit and proper person

Neither UEFA or the SFA will take an interest.  The football club is TRFC, It is that company that is the member of the SFA.  The company whose shares are involved is RIFC.

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Hagar the Horrible

Neither UEFA or the SFA will take an interest.  The football club is TRFC, It is that company that is the member of the SFA.  The company whose shares are involved is RIFC.

What I am trying to understand is they are intringent, so even the football club will be barred from doing business with RIFC, and thats where the money lies?  It will be messy, and King may have to take a back seast, which might also require him to take his soft loans back, which would equate to cash flow problem for the club,  Or will it just not matter as this is akin to "its ma baw"?

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Footballfirst

Dundee United continues to wind up TRFC fans.

 

From their programme today for the game against Linfield.

 

DLj22B0XUAAKmPP.jpg

Edited by Footballfirst
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Any chance of them imploding on the day Walker turns up for his first training session?

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Any chance of them imploding on the day Walker turns up for his first training session?

The court case pending against King and the potential "could shoulder" will have implications for them no matter how much the Glasgow media choose to ignore it.  It's hard to see where the money would come from for Walker. 

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The court case pending against King and the potential "could shoulder" will have implications for them no matter how much the Glasgow media choose to ignore it. It's hard to see where the money would come from for Walker.

He'd be a free signing.

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He'd be a free signing.

He?s not a free agent till summer 2018, when his contract with us expires. Something Rangers fans conveniently forget. If they want him before then, they need to pay - whether he signs a precontractual agreement in January or not changes nothing.

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He?s not a free agent till summer 2018, when his contract with us expires. Something Rangers fans conveniently forget. If they want him before then, they need to pay - whether he signs a precontractual agreement in January or not changes nothing.

Yeah, I know. Seems like a reasonable timeline for the Good Ship Sevco to hit that karmic iceberg, I would have thought?

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Legal proceedings commence tomorrow at COS, will be interesting to see how that pans out and the fall out if the Takeover Panel succeed in obtaining an order requiring King to comply with their earlier ruling.  Will also be interesting to see what coverage this gets in the SMSM if, as is likely, it doesn't work out well for King.

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1 minute ago, Steviedebo said:

See when this thread gets to page 2012, can we kill :sterb147: it and then open a new one? 

 

:isee:

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2 hours ago, Steviedebo said:

See when this thread gets to page 2012, can we kill :sterb147: it and then open a new one? 

 

And then we will have fans of new thread insisting that it is just the same as old thread.

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4 hours ago, Mr Benn said:

 

And then we will have fans of new thread insisting that it is just the same as old thread.

Yeah but we'll never let them forget they let their thread die

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Footballfirst

Alastair Lamont is live tweeting from the CoS this morning about King and the Takeover Panel, if anyone is interested. 

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19 minutes ago, Footballfirst said:

Alastair Lamont is live tweeting from the CoS this morning about King and the Takeover Panel, if anyone is interested. 

What does NOAL abbreviation stand for in this ?

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...a bit disco
13 minutes ago, jambovambo said:

What does NOAL abbreviation stand for in this ?

 

New Oasis Management Ltd.

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...a bit disco
5 minutes ago, jambovambo said:

Thanks.

 

Not looking good for "DK" and "GL", eh ?

 

See where 'Glib & Shamless' gets you!

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Alasdair LamontVerified account @BBCAlLamont 6m6 minutes ago

 
 

"Counsel for TP: If there is to be no order, it would require cogent reasoning as to how code is to be complied with."

 

Whit ?

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12 hours ago, Steviedebo said:

See when this thread gets to page 2012, can we kill :sterb147: it and then open a new one? 

Killing it is fine.

 

Letting it die, on the other hand, would show that we didn't really care about it enough to keep it alive.

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...a bit disco
4 minutes ago, Musemic said:

Killing it is fine.

 

Letting it die, on the other hand, would show that we didn't really care about it enough to keep it alive.

 

We could just walk away from it?

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1 hour ago, jambovambo said:

Alasdair LamontVerified account @BBCAlLamont 6m6 minutes ago

 
 

"Counsel for TP: If there is to be no order, it would require cogent reasoning as to how code is to be complied with."

 

Whit ?

 

I've seen that phrase used in court before. It's a coded message from counsel to ask for an extra scone with their tea at the next break. Folks' minds usually go blank when they hear it, since there's no sense in the phrase whatsoever, and the stenographer knows not to add it to the record. Lamont might have opened Pandora's Box by tweeting it!

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