The Sevco saga continues ...

[King Of The Cat Cafe]

1 hour ago, Jambo-Fox said:

I’m thinking Sevco will sign a multi year deal with anyone that will have them, however the first year will be commercially loaded in Sevcos favour (loss making to their partner), the following years will allow their new partner to recover their first year up front investment.

 

SDI are then given the option to match the first year (3rd year of SDI matching rights) of Sevcos new deal but as it’s loaded in Sevcos favour they tell them where to put it and off to court they go again .....

 

 

Agree it is the kind of thing they would try, but I'd question if it is a legal tactic in any sense of commercial law and the courts would see right through it.

[Last Laff]

On 15/02/2020 at 14:01, Footballfirst said:

A summary of the interview here for anyone who missed it.

 

https://www.bbc.co.uk/sport/football/51515862

Did the bbc wipe it from the podcast mate?  That should be gold dust. 

[Footballfirst]

There is a statement apparently from Hummel that is circulating on t'internet re them terminating their contract with TRFC and planning to sue them.

 

The statement reads:

 

“Hummel UK & The Elite Group was proud to have entered into a supplier agreement with Rangers Football Club in good faith in March 2018.  We saw this as an opportunity to work together for the benefit of the club, its supporters and the Hummel brand.

“Hummel UK & The Elite Group was proud to have entered into a supplier agreement with Rangers Football Club in good faith in March 2018.  We saw this as an opportunity to work together for the benefit of the club, its supporters and the Hummel brand.

“However, despite being given warranties and assurances by the Rangers board that the club was free to enter into their arrangement, it transpired that Rangers had previously signed a conflicting agreement with a third party.

“The club has therefore been unable to fulfil its obligations to Hummel & The Elite Group, which would have included the creation of a Hummel branded area within the Ibrox Megastore, along with crucial marketing activity such as perimeter advertising, player activations, and promotion on the Rangers FC website.

“Hummel UK & The Elite Group has nonetheless made payments to Rangers totalling c. £2.5m and supplied kit worth approximately £1m.  Despite doing all of this in good faith, we are now facing some public statements from Rangers which are not correct.

“We have been unable to find a way forward despite making repeated efforts to reach out to the club.  It is with regret that we have therefore rescinded our agreement with Rangers FC with immediate effect, due to the club being in material breach of contract.

“We remain willing to try and resolve matters with Rangers FC on an amicable basis.   Contrary to reports, Rangers is not owed any further payments from Hummel UK & The Elite Group at this time and we are disappointed by Rangers’ decision to commence legal proceedings in respect of these issues.  Those proceedings will not result in any payment to Rangers and are an unwelcome and unnecessary distraction for the club, its fans and Hummel.

“We have now begun our own legal proceedings against Rangers which we are very confident will result in a positive outcome so we can all move forward.”

 

 

 

 

Edited February 21, 2020 by Footballfirst

[Jambo-Fox]

FF - thanks - some pleasing news to start the weekend!

[Footballfirst]

6 minutes ago, Jambo-Fox said:

FF - thanks - some pleasing news to start the weekend!

 

SFM and CQN who went with the story appear to be backtracking on it.

 

SFM@TheSFMonitor4m

Think we've been had on the Hummel story. Hummel phone just dead, and not answering Twitter messages. Conclude that we are registering nuclear on the ***** scale. Think we have been had.

@rangersdaz called it first, but we need to apologise to Hummel &Rangers. Will delete tweets

[busby1985]

Rangers had 3 fans on the park last night and a fire cracker thrown from the stand. I suspect they’ll be hammered for it. Also hullo hullo being belted out as well. 

[Footballfirst]

On the “Calling List” at the Court of Session today.

 

CA12/20 The Rangers Football Club Limited AG LBJ Sports Apparel Limited. – Anderson Strathern LLP

 

I think that means that TRFC has lodged a summons with the court. LBJ will be notified and given a period of around a week to respond, so we should see further court hearings scheduled in the near future.

 

From the Court of Session guidance notes
https://www.scotcourts.gov.uk/docs/default-source/cos-general-docs/court-of-session—notes-for-the-new-court-user.pdf?sfvrsn=24

Callings
To lodge a case for calling, you need to present the signeted Summons with the Execution of Service included at the back of the Summons, and a calling slip. The calling slip must include the names of the pursuer and defender, the case reference number and the pursuer’s agent’s name. Counter staff will check the service of the Summons, and the details on the calling slip. You will then be advised upon which day the case will call.

Defences
Defences are the defender’s pleadings in answer to the summons. Defences are due no later than 7 days after the case has called. Defences must be signed on the last page by counsel.

Edited March 4, 2020 by Footballfirst

[Ex member of the SaS]

14 minutes ago, Footballfirst said:

On the “Calling List” at the Court of Session today.

 

CA12/20 The Rangers Football Club Limited AG LBJ Sports Apparel Limited. – Anderson Strathern LLP

 

I think that means that TRFC has lodged a summons with the court. LBJ will be notified and given a period of around a week to respond, so we should see further court hearings scheduled in the near future.

 

From the Court of Session guidance notes
https://www.scotcourts.gov.uk/docs/default-source/cos-general-docs/court-of-session—notes-for-the-new-court-user.pdf?sfvrsn=24

Callings
To lodge a case for calling, you need to present the signeted Summons with the Execution of Service included at the back of the Summons, and a calling slip. The calling slip must include the names of the pursuer and defender, the case reference number and the pursuer’s agent’s name. Counter staff will check the service of the Summons, and the details on the calling slip. You will then be advised upon which day the case will call.

Defences
Defences are the defender’s pleadings in answer to the summons. Defences are due no later than 7 days after the case has called. Defences must be signed on the last page by counsel.

Phill three names claiming they are after a junior solicitor to assist in some court action with regards a retail deal.

https://philmacgiollabhain.ie/2020/03/04/sevco-require-more-lawyers/#more-15812

 

[Diadora Van Basten]

Just reading Craig Whytes book and thought I would share this extract:

 

That doesn’t take away from the fact that Rangers cheated for years under David Murray and the previous board. I have no love for the tax authorities but there should be a level playing field in sport and Rangers did not adhere to that by using the EBT scheme to sign players they otherwise would not have been able to bring to the club. That was unfair on the other teams.

 

I can understand fans of other clubs being aggrieved that the new business retains the titles of the old business. I’m not sure that this is a valid claim. I just think it’s bizarre that a lot of the members of the old board that participated in the cheating and contributed to the problems that went on for years are back there, bold as brass.

[Coolio]

[Seymour M Hersh]

1 hour ago, Diadora Van Basten said:

Just reading Craig Whytes book and thought I would share this extract:

 

That doesn’t take away from the fact that Rangers cheated for years under David Murray and the previous board. I have no love for the tax authorities but there should be a level playing field in sport and Rangers did not adhere to that by using the EBT scheme to sign players they otherwise would not have been able to bring to the club. That was unfair on the other teams.

 

I can understand fans of other clubs being aggrieved that the new business retains the titles of the old business. I’m not sure that this is a valid claim. I just think it’s bizarre that a lot of the members of the old board that participated in the cheating and contributed to the problems that went on for years are back there, bold as brass.

 

He'd know about that right enough. 

[jamboy1982]

Financial problems solved. Barisic is not valued at £22 million!!! And they’re willing to accept a cut price £4 million for Tavernier, yes the defender who seems to give a goal away each game!!

[Coolio]

8 minutes ago, jamboy1982 said:

Financial problems solved. Barisic is not valued at £22 million!!! And they’re willing to accept a cut price £4 million for Tavernier, yes the defender who seems to give a goal away each game!!

 

The Rangers =

 

delusional

/dɪˈluːʒ(ə)n(ə)l/

 

adjective

 

1. characterized by or holding idiosyncratic beliefs or impressions that are contradicted by reality or rational argument, typically as a symptom of mental disorder.

[Fozzyonthefence]

58 minutes ago, jamboy1982 said:

Financial problems solved. Barisic is not valued at £22 million!!! And they’re willing to accept a cut price £4 million for Tavernier, yes the defender who seems to give a goal away each game!!

Isn’t it amazing that they can buy players for about 50p and as soon as they are paraded in their Bigots R Us kit they’re suddenly worth £20 million?!

[redjambo]

1 minute ago, Fozzyonthefence said:

Isn’t it amazing that they can buy players for about 50p and as soon as they are paraded in their Bigots R Us kit they’re suddenly worth £20 million?!

 

Peeplenomics at its finest!

[Mysterion]

9 hours ago, Fozzyonthefence said:

Isn’t it amazing that they can buy players for about 50p and as soon as they are paraded in their Bigots R Us kit they’re suddenly worth £20 million?!

 

Valuations are arguably pie in the sky and determined to help the savage Sevconian feel good about their club however it is fair to suggest that a 50p player who plays in Europe will gain some value. 

 

It's an extension of the inflationary aspects of the EPL transfer fees where 2 or 3 goals and a few weeks of good form takes a Middle of the Road player from being worth 1mill to 10mill in the next transfer window. 

 

 

[E6 Inc]

Have Sevco ever sold anyone for any real cash? I'm struggling to think of a single one? Only player I can think of is Waghorn and he went to Ipswich and can't have been any more than a mil.

[Allowayjambo1874]

43 minutes ago, E6 Inc said:

Have Sevco ever sold anyone for any real cash? I'm struggling to think of a single one? Only player I can think of is Waghorn and he went to Ipswich and can't have been any more than a mil.

Windass 2.5m for starters, Billy Gilmour to Chelsea for half a million is another 

[IveSeenTheLight]

31 minutes ago, Allowayjambo1874 said:

Windass 2.5m for starters, Billy Gilmour to Chelsea for half a million is another 

 

BArrie McKay was sold on the cheap.

Apparently turned down a £6M Liepzig bid to eventually sell to Forrest for a fraction of that.

 

Windass was only £2M as well IIRC

[stirlingshirejambo]

2 hours ago, Allowayjambo1874 said:

Windass 2.5m for starters, Billy Gilmour to Chelsea for half a million is another 

Lewis McLeod?

[Mysterion]

Pretty sure the maths on this 20mill fantasy (after purchasing shares and covering existing losses) will see that investment be whittled down to be very little.

 

https://www.thescottishsun.co.uk/sport/football/5372848/rangers-20m-investment-asian-hong-kong/

 

 

Edited March 11, 2020 by Mysterion

[IveSeenTheLight]

49 minutes ago, Mysterion said:

Pretty sure the maths on this 20mill fantasy (after purchasing shares and covering existing losses) will see that investment be whittled down to be very little.

 

https://www.thescottishsun.co.uk/sport/football/5372848/rangers-20m-investment-asian-hong-kong/

 

 

 

Absolutely it will be to cover losses and try to ensure they are not foul of any European FFP reviews.

[annushorribilis III]

56 minutes ago, Mysterion said:

Pretty sure the maths on this 20mill fantasy (after purchasing shares and covering existing losses) will see that investment be whittled down to be very little.

 

https://www.thescottishsun.co.uk/sport/football/5372848/rangers-20m-investment-asian-hong-kong/

 

 

Strangely , the s*n doesn't mention the fact the rangers already have at least one HK based backer. I wonder if it's the same guy(s) and the s&n has put 2+2 together....surely not. And , as per usual, no quotes from the club. But then their domestic season is well & truly over so the papers need to find something to keep rangers relevant. Somehow. 

[Ribble]

On 10/03/2020 at 09:39, E6 Inc said:

Have Sevco ever sold anyone for any real cash? I'm struggling to think of a single one? Only player I can think of is Waghorn and he went to Ipswich and can't have been any more than a mil.

 

Since their rebirth they have made the following sales

 

19/20

Daniel Candeias - £250k

Eros Gredza - £360k

18/19

Josh Windass - £1.98m

Declan John - £801k

17/18

Joe Garner - £990k

Martyn Waghorn - £990k

Barrie McKay - £770k

Danny Wilson - £307k

Matt Crooks - £104k

14/15

Lewis MacLead - £1.15m

12/13

Steven Davis - £900k

Maurice Edu - £567k

 

Total Sales of £9.15m, for reference we have total sales of £4.45m over the same period, also they have spent £34m in that time compared to our £0.75m*

 

*includes an estimated 200k for Wighton which was undisclosed

Edited March 11, 2020 by Ribble

[E6 Inc]

22 hours ago, Ribble said:

 

Since their rebirth they have made the following sales

 

19/20

Daniel Candeias - £250k

Eros Gredza - £360k

18/19

Josh Windass - £1.98m

Declan John - £801k

17/18

Joe Garner - £990k

Martyn Waghorn - £990k

Barrie McKay - £770k

Danny Wilson - £307k

Matt Crooks - £104k

14/15

Lewis MacLead - £1.15m

12/13

Steven Davis - £900k

Maurice Edu - £567k

 

Total Sales of £9.15m, for reference we have total sales of £4.45m over the same period, also they have spent £34m in that time compared to our £0.75m*

 

*includes an estimated 200k for Wighton which was undisclosed

 

It's amazing how they think they'll get any sort of offers to what they are reporting isnt it. Getting 2m for Windass was a great bit of business for them to be fair. 

 

They'd accept 4m+ for any of their players.

[Midloth_Iain]

Staggering developments        (not)

 

RANGERS have appointed a DUP councillor and member of the Orange Order as their new PR chief as Jim Traynor steps down.

It was confirmed earlier today that David Graham, who will resign from his role on Belfast City Council, will join the Ibrox club.

Speaking about his new job, Graham said: "As a lifelong Rangers supporter, it is an honour to work for the world's most successful football club. 😂

"When the opportunity arose, I was very pleased to fulfil this role and am looking forward to getting started.

"I am excited by the board's vision for Rangers as we work towards our 150th anniversary and beyond."  🤪

Rangers managing director Stewart Robertson added: "David shares our vision, passion and enthusiasm for the club.

[John Findlay]

31 minutes ago, Ruud Krol said:

Staggering developments        (not)

 

RANGERS have appointed a DUP councillor and member of the Orange Order as their new PR chief as Jim Traynor steps down.

It was confirmed earlier today that David Graham, who will resign from his role on Belfast City Council, will join the Ibrox club.

Speaking about his new job, Graham said: "As a lifelong Rangers supporter, it is an honour to work for the world's most successful football club. 😂

"When the opportunity arose, I was very pleased to fulfil this role and am looking forward to getting started.

"I am excited by the board's vision for Rangers as we work towards our 150th anniversary and beyond."  🤪

Rangers managing director Stewart Robertson added: "David shares our vision, passion and enthusiasm for the club.

Decyphered. We need the proddy pound more than ever. King is ****ing off and leaving us in the lurch.

[alwaysthereinspirit]

33 minutes ago, Ruud Krol said:

Staggering developments        (not)

 

RANGERS have appointed a DUP councillor and member of the Orange Order as their new PR chief as Jim Traynor steps down.

It was confirmed earlier today that David Graham, who will resign from his role on Belfast City Council, will join the Ibrox club.

Speaking about his new job, Graham said: "As a lifelong Rangers supporter, it is an honour to work for the world's most successful football club. 😂

"When the opportunity arose, I was very pleased to fulfil this role and am looking forward to getting started.

"I am excited by the board's vision for Rangers as we work towards our 150th anniversary and beyond."  🤪

Rangers managing director Stewart Robertson added: "David shares our vision, passion and enthusiasm for the club.

Lifelong Rangers supporter? So jumped ship and took up supporting Newco. 

Personally if Hearts ever went under I'd be done with Scottish football. Each to their own I guess.

[Turkishcap]

Does this mean Jim T goes back to supporting Airdrie?

[Dunks]

12 minutes ago, Turkishcap said:

Does this mean Jim T goes back to supporting Airdrie?

 

Aye - he'll be right at home in Mos Eisley

[graygo]

1 hour ago, Turkishcap said:

Does this mean Jim T goes back to supporting Airdrie?

 

Are they not dead as well?

It'll be the new club now - Airdrie United which is really Clydebank who they bought and moved to Airdrie and called Airdrie United. Worth noting that they do not hold the old Airdrieonians history but do hold Clydebanks as essentially they are Clydebank.

 

Oops no, they bought the old club name in 2013 and are now Airdrieonians Football Club.

[Tommy Brown]

6 hours ago, graygo said:

 

Are they not dead as well?

It'll be the new club now - Airdrie United which is really Clydebank who they bought and moved to Airdrie and called Airdrie United. Worth noting that they do not hold the old Airdrieonians history but do hold Clydebanks as essentially they are Clydebank.

 

Oops no, they bought the old club name in 2013 and are now Airdrieonians Football Club.

At work, I have an Airdrie fan on side and Hun opposite.

I slip these in regularly, when they get lippy.

"The team masquerading as the now defunct Rangers"

 

Airdrie fan despises Rangers, he has a different upbringing (cough). His son in his 30's and goes to all games. I have respect for these fans. It was David Murray that shafted their club. Jack is early 60's, we have great Chats, Busby, Texaco Cup....

[Coolio]

Coronavirus: Rangers say fixture calendar should be completed

 

https://www.bbc.com/sport/football/51913599

 

Contained within the above article is the following from The Rangers managing director Stewart Robertson: -

 

"Furthermore, we are strongly opposed to playing games behind closed doors. Rangers fans have stuck by our club in the darkest of times. Their loyalty will not be forgotten and they will not be left behind."

 

I genuinely do not believe that they could they be any more deluded as to their previous actions.

 

It is our duty to remind them, at every opportunity of their club's death.

 

Walking away, it's the Rangers way.

 

 

[Fozzyonthefence]

3 hours ago, Tommy Brown said:

At work, I have an Airdrie fan on side and Hun opposite.

I slip these in regularly, when they get lippy.

"The team masquerading as the now defunct Rangers"

 

Airdrie fan despises Rangers, he has a different upbringing (cough). His son in his 30's and goes to all games. I have respect for these fans. It was David Murray that shafted their club. Jack is early 60's, we have great Chats, Busby, Texaco Cup....

That’s one way of looking at it.  The other would be financial mismanagement by the Airdie board which resulted in them being liquidated.

[JamboAndrew]

11 hours ago, alwaysthereinspirit said:

Lifelong Rangers supporter? So jumped ship and took up supporting Newco. 

Personally if Hearts ever went under I'd be done with Scottish football. Each to their own I guess.

 

He may well be a lifelong fan. The Rangers are only about 6 years old aren't they?

[Coolio]

13 hours ago, Ruud Krol said:

Staggering developments        (not)

 

RANGERS have appointed a DUP councillor and member of the Orange Order as their new PR chief as Jim Traynor steps down.

It was confirmed earlier today that David Graham, who will resign from his role on Belfast City Council, will join the Ibrox club.

Speaking about his new job, Graham said: "As a lifelong Rangers supporter, it is an honour to work for the world's most successful football club. 😂

"When the opportunity arose, I was very pleased to fulfil this role and am looking forward to getting started.

"I am excited by the board's vision for Rangers as we work towards our 150th anniversary and beyond."  🤪

Rangers managing director Stewart Robertson added: "David shares our delusional views"

 

FTFY.

[Spellczech]

On 19/02/2020 at 21:01, Frankfurter said:

 

Lonsdale does sound perfect for them, as per Wikipedia: "In the early 2000s, Lonsdale clothing became popular among some European neo-Nazis, allegedly because a carefully placed outer jacket leaves only the letters NSDA showing; one letter short of NSDAP, the acronym for Nationalsozialistische Deutsche Arbeiterpartei, the German name of the Nazi Party."

 

Also, apparently SDI has renamed itself to "Frasers Group".

Even though I studied German I never understood the methodology of arriving at acronyms there! They must have a official committee for it...

[Spellczech]

14 hours ago, Ruud Krol said:

Staggering developments        (not)

 

RANGERS have appointed a DUP councillor and member of the Orange Order as their new PR chief as Jim Traynor steps down.

It was confirmed earlier today that David Graham, who will resign from his role on Belfast City Council, will join the Ibrox club.

Speaking about his new job, Graham said: "As a lifelong Rangers supporter, it is an honour to work for the world's most successful football club. 😂

"When the opportunity arose, I was very pleased to fulfil this role and am looking forward to getting started.

"I am excited by the board's vision for Rangers as we work towards our 150th anniversary and beyond."  🤪

Rangers managing director Stewart Robertson added: "David shares our vision, passion and enthusiasm for the club.

Off to a good start TBH - 2 whopping great lies in 3 sentences...

[Tommy Brown]

2 hours ago, Fozzyonthefence said:

That’s one way of looking at it.  The other would be financial mismanagement by the Airdie board which resulted in them being liquidated.

FFS Fozzy

 

Some statement on on opposite ends of financial mismanagement.

 

[Ex member of the SaS]

Is this the same guy that thinks the world is only 4000 years old? Some seriously deluded even before they follow Sevco.

[Ex member of the SaS]

Stuart Gibson Is the guy due to invest £20 mill into Sevco. ( daily ****** ) Reports earlier it was from a Chinese investor but the guy lives in Japan. They are not making the same mistake that they did with White. The guy MANAGES £1.5 billion in assets. 

[EVHearts]

Why would anyone be investing money right now?

[Mysterion]

3 hours ago, BelgeJambo said:

Why would anyone be investing money right now?

 

It's very possible he was going to invest ahead of the Corona outbreak. 

The big thing for Rangers fans is ego - many newspaper articles that the likes of Traynor placed/facilitated are to make them feel good and give them a reason to keep on keeping on (ie. buying the replica shirts, turning up on match days etc). 

 

This investor story will have some truth to it (and due diligence taking place) however the timing of the story when football operations around Europe are being suspended is all to give hope to the stupid when season ticket money will soon be needed.

[EVHearts]

27 minutes ago, Mysterion said:

 

It's very possible he was going to invest ahead of the Corona outbreak. 

The big thing for Rangers fans is ego - many newspaper articles that the likes of Traynor placed/facilitated are to make them feel good and give them a reason to keep on keeping on (ie. buying the replica shirts, turning up on match days etc). 

 

This investor story will have some truth to it (and due diligence taking place) however the timing of the story when football operations around Europe are being suspended is all to give hope to the stupid when season ticket money will soon be needed.

They must be on a shoogly peg considering the debt they are in already

[Mysterion]

3 minutes ago, BelgeJambo said:

They must be on a shoogly peg considering the debt they are in already

 

Fairly confident that even before the suspension of games a lot of the proposed investment would be swallowed up by existing financial issues. 

 

Knock off 5million in losses as a starting point so then the question is what does he want or get in exchange for his money? The story in The Sun stated after investment he'd look to buy King's shares after the initial investment.

 

In the first instance is he buying new shares, providing a loan, buying a property ? 

 

More questions coming out of that story than anything else and zero scrutiny as usual.

[Ex member of the SaS]

12 minutes ago, BelgeJambo said:

They must be on a shoogly peg considering the debt they are in already

They really did need the " OF " game to go ahead. Much needed revenue lost there. Although they are probably happy the Euro game was cancelled due to it being behind closed doors.

They will make a big thing about saving money from match day policing etc, and try to ignore the huge losses at the gate and corporate income.

[Ex member of the SaS]

1 minute ago, Mysterion said:

 

Fairly confident that even before the suspension of games a lot of the proposed investment would be swallowed up by existing financial issues. 

 

Knock off 5million in losses as a starting point so then the question is what does he want or get in exchange for his money? The story in The Sun stated after investment he'd look to buy King's shares after the initial investment.

 

In the first instance is he buying new shares, providing a loan, buying a property ? 

 

More questions coming out of that story than anything else and zero scrutiny as usual.

BBC reporting King won't sell his shares and this would be new share issue. However they ignore the fact that another issue will seriously dilute those already bought and the fact they can't seem to sell share at the last issue.

[...a bit disco]

20 hours ago, Ruud Krol said:

Staggering developments        (not)

 

RANGERS have appointed a DUP councillor and member of the Orange Order as their new PR chief as Jim Traynor steps down.

It was confirmed earlier today that David Graham, who will resign from his role on Belfast City Council, will join the Ibrox club.

Speaking about his new job, Graham said: "As a lifelong Rangers supporter, it is an honour to work for the world's most successful football club. 😂

"When the opportunity arose, I was very pleased to fulfil this role and am looking forward to getting started.

"I am excited by the board's vision for Rangers as we work towards our 150th anniversary and beyond."  🤪

Rangers managing director Stewart Robertson added: "David shares our vision, passion and enthusiasm for the club.

 

 

Edited March 17, 2020 by ...a bit disco

[alwaysthereinspirit]

27 minutes ago, ...a bit disco said:

 

 

If that really is him then they’ve definitely done their homework. He’ll fit right in with 99.9% of the fan base. 

[...a bit disco]

1 hour ago, alwaysthereinspirit said:

If that really is him then they’ve definitely done their homework. He’ll fit right in with 99.9% of the fan base. 

Apparently it is.