The Sevco saga continues ...

[Joey J J Jr Shabadoo]

24 minutes ago, Sooks said:

Bluenose ? 

Bogtrotter.

[The Old Tolbooth]

3 hours ago, Sooks said:

See the mini Huns had to get their nappies changed again overnight  

 

3 hours ago, jamboozy said:

One thing’s for sure, it’s uncovered a fair few here, as soon as the words Rangers and debt get mentioned in the same sentence, their Jimmie’s get well and truly rustled.

 

3 hours ago, Konrad von Carstein said:

Hunlets having a wee outing last night...

 

 

 

They make is so ****ing obvious too  

[The Old Tolbooth]

5 hours ago, Sir PH said:

But you're a predictable bore, so your opinion doesn't matter.

 

[jimbojambo]

3 hours ago, Joey J J Jr Shabadoo said:

I don't believe any true Hearts fan doesn't refer to the Huns as Huns.

Weirdly enough I recall Hearts fans and many others used to sing Go Home ya huns to the opposition support. Nothing sectarian in it then or when my parents and grandparents referred to the Germans as huns following the wars. However nowadays the woke culture means people are choosing to be offended about just about everything.

[The Real Maroonblood]

14 hours ago, Sooks said:

I use it to refer to their Hun like behaviour rioting and leaving filth everywhere they go . Hun filth that they are  

Nice to see you’ve rattled a few cages.

[Star Lizard]

14 minutes ago, The Real Maroonblood said:

Nice to see you’ve rattled a few cages.

Never used the word half as much as since the wee mini Hun crybaby posted about it in the hope of stopping people using it 

 

Filthy hun swines 

[Star Lizard]

1 hour ago, The Old Tolbooth said:

 

 

 

 

They make is so ****ing obvious too  

Yoor sectayryun coz um uh proddy ken 

[The Real Maroonblood]

Just now, Sooks said:

Never used the word half as much as since the wee mini Hun crybaby posted about it in the hope of stopping people using it 

 

Filthy hun swines 

It’s weird behaviour from the mini huns.

 

[Star Lizard]

8 minutes ago, The Real Maroonblood said:

It’s weird behaviour from the mini huns.

 

 

No one likes us we dont care mantra . Except …………. they really do care 

[tian447]

I don't understand why these people go through the charade of pretending to support Hearts, when it's clear that they only care about their big team.  Just **** off to Ibrox and be done with it. 

 

Then again, one of the Jimmie Rustlers above was also defending being racist, sexist, and homophobic, saying I needed to dry my eyes over it on another thread. 

 

 

Actually, trolling requires a certain level of self-awareness, which I'm not fully convinced about. 

[TheOak88]

On 19/11/2023 at 16:35, buzzbomb1958 said:

He is now an international player big difference 

I look forward to the £5M bids from the English Championship for Zander Clarke this January. 

[Star Lizard]

16 minutes ago, TheOak88 said:

I look forward to the £5M bids from the English Championship for Zander Clarke this January. 

Maybe the Huns will want him after they cut costs ? He is a Hun himself after all

[Doc Rob]

6 hours ago, ǝǝɥʇᴉɯS said:

 

This is another one where our situations aren't that different - £2m bought the whole club, stadium included, just a decade ago. Robinson nearly sold the stadium for £20m!

Different situation though. We were arranging a CVA with our creditors, who were themselves in administration, and the aim is to preserve the business as an ongoing concern. Rangers were in liquidation, the aim of which is supposed to be to sell off the company’s remaining assets in the interest of the creditors. Which clearly isn’t what happened.

[Sherbet]

19 hours ago, PortyBeach said:

Yes, the old Gorbals is gone and with it went a sizeable chunk of Clyde FC’s fanbase.

Not that Gorbals needed improvement…

 

Is that the up to date photo

[Wee Mikey]

3 hours ago, Sooks said:

Never used the word half as much as since the wee mini Hun crybaby posted about it in the hope of stopping people using it 

 

Filthy hun swines 

 

Please excuse me, but it's looking awfully like you're trending towards tarring everyone with the same brush ... oh, and trying just a tad too hard whilst doing so.

 

At least make some effort to mock, josh, or banter with a bit of perspective.

 

You're well capable of that.

[Star Lizard]

4 minutes ago, Wee Mikey said:

 

Please excuse me, but it's looking awfully like you're trending towards tarring everyone with the same brush ... oh, and trying just a tad too hard whilst doing so.

 

At least make some effort to mock, josh, or banter with a bit of perspective.

 

You're well capable of that.

How dare you make such a scurrilous accusation . I was referring to Huns . Hunnish people ……… absolutely no tails pinned on any donkeys on this forum . Just Huns , Rangers and Sevco types. I stand by every word . Filthy Hun swines 

[The Real Maroonblood]

29 minutes ago, Sooks said:

How dare you make such a scurrilous accusation . I was referring to Huns . Hunnish people ……… absolutely no tails pinned on any donkeys on this forum . Just Huns , Rangers and Sevco types. I stand by every word . Filthy Hun swines 

That’ll be just the mini huns.

What about the big huns?

[Wee Mikey]

2 minutes ago, The Real Maroonblood said:

That’ll be just the mini huns.

What about the big huns?

 

👆 as a Haiku 👇

 

That's just mini Huns

What about the bigger Huns?

Nowt but current buns

[PortyBeach]

59 minutes ago, Sherbet said:

Is that the up to date photo

Thankfully not. It’s scary that people were subjected to such conditions in 20th Century Britain.

 

[ƒιѕнρℓαρѕ]

4 hours ago, Doc Rob said:

Different situation though. We were arranging a CVA with our creditors, who were themselves in administration, and the aim is to preserve the business as an ongoing concern. Rangers were in liquidation, the aim of which is supposed to be to sell off the company’s remaining assets in the interest of the creditors. Which clearly isn’t what happened.

 

Yeah and no, it wasn't up to our administrators, it was UBIG's liquidator and they couldn't care less, but at the end of the day we both got away with it and got our stadiums at a massive discount.

[Wee Mikey]

2 hours ago, Sooks said:

How dare you make such a scurrilous accusation . I was referring to Huns . Hunnish people ……… absolutely no tails pinned on any donkeys on this forum . Just Huns , Rangers and Sevco types. I stand by every word . Filthy Hun swines 

 

Fair play for doubling down, but nae need to scrape the barrel with lower level slurs.

 

My experiences? Mostly genuine fans going to games to support their team (however deluded they may be).

 

I had a few good laughs with Der Hun en-route to Ibrox recently.

 

Oh, by the way ... the worst, and most embarrassing scenes from our recent 🏆 semi-final were down to Hearts fans.

 

The angry post-match numptie arguing with a non-football car driver?

 

Utterly pathetic.

 

The 'entitled' fat-necked eejits in J1 who were aggressive to fellow Hearts supporters when politely asked to sit down?

 

We have our fair share of numpties.

[Kyle1874]

5 hours ago, Sooks said:

Maybe the Huns will want him after they cut costs ? He is a Hun himself after all

He’s a mad Celtic fan 🤣

[PortyBeach]

4 hours ago, Doc Rob said:

Different situation though. We were arranging a CVA with our creditors, who were themselves in administration, and the aim is to preserve the business as an ongoing concern. Rangers were in liquidation, the aim of which is supposed to be to sell off the company’s remaining assets in the interest of the creditors. Which clearly isn’t what happened.

In an Administration Period you also need administrative staff who want to help the business survive as a going concern. 
Fortunately, we got that - plus agreeable creditors.

HMRC were probably owed too much to support a CVA for RFC.
But Rangers’ hopes of survival were seriously undermined by David King who bizarrely opposed a CVA…

 

[PortyBeach]

9 minutes ago, PortyBeach said:

In an Administration Period you also need administrative staff who want to help the business survive as a going concern. 
Fortunately, we got that - plus agreeable creditors.

HMRC were probably owed too much to support a CVA for RFC.
But Rangers’ hopes of survival were seriously undermined by David King who bizarrely opposed a CVA…

 

Director Dave King calls for Rangers CVA rejection

7 June 2012

Rangers director Dave King is urging creditors to reject Charles Green's company voluntary arrangement.

South Africa-based King has also called on the club's supporters not to renew their season tickets until Green's consortium details its plans.

"I am opposing the CVA and urge all loyal fans to do the same," said the exiled Scot.

Green described King's statement as "breathtaking in its arrogance" and "destructive" to the club's interests.

[Star Lizard]

27 minutes ago, Wee Mikey said:

 

Fair play for doubling down, but nae need to scrape the barrel with lower level slurs.

 

My experiences? Mostly genuine fans going to games to support their team (however deluded they may be).

 

I had a few good laughs with Der Hun en-route to Ibrox recently.

 

Oh, by the way ... the worst, and most embarrassing scenes from our recent 🏆 semi-final were down to Hearts fans.

 

The angry post-match numptie arguing with a non-football car driver?

 

Utterly pathetic.

 

The 'entitled' fat-necked eejits in J1 who were aggressive to fellow Hearts supporters when politely asked to sit down?

 

We have our fair share of numpties.

My family is riddled with them . I am 45 years old . I am quite comfortable with my opinion on Huns 

 

You are a decent lad Mikey . I am perfectly happy with my views on Huns though . Thank you for caring , but I am good  

 

 

Edited November 21, 2023 by Sooks

[PortyBeach]

17 minutes ago, Sooks said:

My family is riddled with them . I am 45 years old . I am quite comfortable with my opinion on Huns 

 

You are a decent lad Mikey . I am perfectly happy with my views on Huns though . Thank you for caring , but I am good  

 

 

If I may intervene here, chaps.

I respect both of you as Hearts stalwarts so please, of all things, don’t fall out over Sevco, FFS!!

[Star Lizard]

14 minutes ago, PortyBeach said:

If I may intervene here, chaps.

I respect both of you as Hearts stalwarts so please, of all things, don’t fall out over Sevco, FFS!!

Indeed I will not . I will leave that to the Huns  

[Wee Mikey]

45 minutes ago, Sooks said:

My family is riddled with them . I am 45 years old . I am quite comfortable with my opinion on Huns 

 

You are a decent lad Mikey . I am perfectly happy with my views on Huns though . Thank you for caring , but I am good  

 

Good grief!!!

 

At only 45 years old?

 

You are gonna have many years of turmoil.

 

Bestest wishes. 😆

 

A (nother) stravaig down the valley beyond your local hot-spot of Rosslyn Chapel beckons ...

 

Wanna join us?

 

I do a good picnic.

 

😆

Edited November 21, 2023 by Wee Mikey
Cannae spell ...

[Wee Mikey]

16 minutes ago, Sooks said:

Indeed I will not . I will leave that to Der Huns  

 

FTFY ...

 

🤭

[Star Lizard]

7 minutes ago, Wee Mikey said:

 

FTFY ...

 

🤭

 

[Wee Mikey]

20 minutes ago, Sooks said:

 

 

One day ...

[Jambo-Fox]

1 hour ago, Sooks said:

My family is riddled with them . I am 45 years old . I am quite comfortable with my opinion on Huns 

 

You are a decent lad Mikey . I am perfectly happy with my views on Huns though . Thank you for caring , but I am good  

 

 

I’m not sure if you are serious about your age. Reading your posts I assumed you were mid sixties to early seventies but I guess that shows my judgement is wrong!

[periodictabledancer]

2 hours ago, PortyBeach said:

In an Administration Period you also need administrative staff who want to help the business survive as a going concern. 
Fortunately, we got that - plus agreeable creditors.

HMRC were probably owed too much to support a CVA for RFC.
But Rangers’ hopes of survival were seriously undermined by David King who bizarrely opposed a CVA…

 

David Murray offered HMRC £10 million to walk away - they laughed in his face.

The idea of a CVA for deidco is just fanciful nonsense as HMRC was never going to agree to it given the level of criminality, the lying , the scale of the fraud , the corruption. 

[ƒιѕнρℓαρѕ]

1 hour ago, Sooks said:

My family is riddled with them

 

 

Half mine are Hibs right enough

[Star Lizard]

1 hour ago, ǝǝɥʇᴉɯS said:

 

 

Half mine are Hibs right enough

Few of them too  

[Star Lizard]

1 hour ago, Jambo-Fox said:

I’m not sure if you are serious about your age. Reading your posts I assumed you were mid sixties to early seventies but I guess that shows my judgement is wrong!

Mid forties mate . An old soul though  

[Wee Mikey]

28 minutes ago, Sooks said:

Mid forties mate . An old soul though  

 

But young at heart?

 

 

[Star Lizard]

5 minutes ago, Wee Mikey said:

 

But young at heart?

 

 

First time I heard it at the family home dining table on TOTP , I liked it ……….. every single time since ………… ugh 

 

This is a decent song about how shite it is getting old though

 

 

[PortyBeach]

11 hours ago, periodictabledancer said:

David Murray offered HMRC £10 million to walk away - they laughed in his face.

The idea of a CVA for deidco is just fanciful nonsense as HMRC was never going to agree to it given the level of criminality, the lying , the scale of the fraud , the corruption. 

I think HMRC’s response was predictable but so was the request for a CVA in an effort to avoid liquidation.

But why did King oppose a CVA?

[periodictabledancer]

18 minutes ago, PortyBeach said:

I think HMRC’s response was predictable but so was the request for a CVA in an effort to avoid liquidation.

But why did King oppose a CVA?

Hard to tell with King - why a S African with no money (and no means of getting any money at all out of the country ) was allegedly  interested in buying Rangers (dead or alive) is one of life's great mysteries. IIRC he was heavily involved in The Rangers - and got some/most of his shares for free or at a heavy discount so one way or another he made a ton of cash out of it. 

But then Rangers did seem to attract quite a few shady characters who thought they could make money out of it - as did happen with TheRangers and their £37 million share issue cash that had disapeared within a couple of years and the debt spiral started again.

[Star Lizard]

24 minutes ago, periodictabledancer said:

Hard to tell with King - why a S African with no money (and no means of getting any money at all out of the country ) was allegedly  interested in buying Rangers (dead or alive) is one of life's great mysteries. IIRC he was heavily involved in The Rangers - and got some/most of his shares for free or at a heavy discount so one way or another he made a ton of cash out of it. 

But then Rangers did seem to attract quite a few shady characters who thought they could make money out of it - as did happen with TheRangers and their £37 million share issue cash that had disapeared within a couple of years and the debt spiral started again.

Edit - person I mentioned was not South African 

Edited November 22, 2023 by Sooks

[PortyBeach]

5 hours ago, periodictabledancer said:

Hard to tell with King - why a S African with no money (and no means of getting any money at all out of the country ) was allegedly  interested in buying Rangers (dead or alive) is one of life's great mysteries. IIRC he was heavily involved in The Rangers - and got some/most of his shares for free or at a heavy discount so one way or another he made a ton of cash out of it. 

But then Rangers did seem to attract quite a few shady characters who thought they could make money out of it - as did happen with TheRangers and their £37 million share issue cash that had disapeared within a couple of years and the debt spiral started again.

King was/is certainly shady of character! Convicted in South Africa of 41 tax offences and was described variously as “a glib and shameless liar” and a “mendacious witness”.

Vlad Romanov summed-up RFC pretty well:

”The opinion of Heart of Midlothian FC in regards to the current situation of Scottish football is clear and robust,” said Romanov. “The football mafia represented by former owners of Rangers FC and Rupert Murdoch’s media are to blame for some of the worst problems to hit Scottish football and must not be allowed back in under any circumstances.

“As regards the club itself, we can only express our deepest condolences to its supporters, who have been lied to for so many years. It had to happen sooner or later. Victories were achieved not by sporting merits, but through slander, conspiracies amongst players and their poaching via third parties and by unfair pressuring of referees, who themselves are as valuable to the fabric of football as the football stars themselves.

“All of this brought hollow victories and destroyed football. We can also mention the attempts to eliminate Hearts with the help of the tax petitions, through false accusations and threats to revoke the club licence. There is a saying about digging a grave for someone – you get it for yourself. Without these people football will become cleaner and stronger. Without Murdoch the whole of society will improve, in particular sport and culture. Supporters deserve a new beginning and have to accept the fact that their club has to start from the lower league, keeping order in the SPL and without creating unfair competition with other clubs.”

 

[AllyjamboDerbyshire]

6 hours ago, Sooks said:

Edit - person I mentioned was not South African 

Can't say this with absolute certainty, but wasn't King a South African citizen, though born in Scotland?

[gordon simpson]

6 hours ago, periodictabledancer said:

Hard to tell with King - why a S African with no money (and no means of getting any money at all out of the country ) was allegedly  interested in buying Rangers (dead or alive) is one of life's great mysteries. IIRC he was heavily involved in The Rangers - and got some/most of his shares for free or at a heavy discount so one way or another he made a ton of cash out of it. 

But then Rangers did seem to attract quite a few shady characters who thought they could make money out of it - as did happen with TheRangers and their £37 million share issue cash that had disapeared within a couple of years and the debt spiral started again.

long may men with no scruples keep rapeing the kings 11,and  the most brainless support in our country 

[Star Lizard]

21 minutes ago, AllyjamboDerbyshire said:

Can't say this with absolute certainty, but wasn't King a South African citizen, though born in Scotland?

Yeah think so too . Definitely had citizenship . I had written a post that I deleted though . I thought that slimy prick Alisdair Johnston was from South Africa as well , but checked and it just says Scotland and America for him 

[Star Lizard]

1 hour ago, PortyBeach said:

King was/is certainly shady of character! Convicted in South Africa of 41 tax offences and was described variously as “a glib and shameless liar” and a “mendacious witness”.

Vlad Romanov summed-up RFC pretty well:

”The opinion of Heart of Midlothian FC in regards to the current situation of Scottish football is clear and robust,” said Romanov. “The football mafia represented by former owners of Rangers FC and Rupert Murdoch’s media are to blame for some of the worst problems to hit Scottish football and must not be allowed back in under any circumstances.

“As regards the club itself, we can only express our deepest condolences to its supporters, who have been lied to for so many years. It had to happen sooner or later. Victories were achieved not by sporting merits, but through slander, conspiracies amongst players and their poaching via third parties and by unfair pressuring of referees, who themselves are as valuable to the fabric of football as the football stars themselves.

“All of this brought hollow victories and destroyed football. We can also mention the attempts to eliminate Hearts with the help of the tax petitions, through false accusations and threats to revoke the club licence. There is a saying about digging a grave for someone – you get it for yourself. Without these people football will become cleaner and stronger. Without Murdoch the whole of society will improve, in particular sport and culture. Supporters deserve a new beginning and have to accept the fact that their club has to start from the lower league, keeping order in the SPL and without creating unfair competition with other clubs.”

 

Romanov smelt what was wrong after about five minutes and here we still are 

[Footballfirst]

King was shafted by David Murray after he invested £20m in Rangers via Murray Sports around 2000.

 

His tax problems in SA surfaced in 2002 and included reference to his investment in  Rangers as funds that should have been subject to tax in SA.

 

Murray marginalised him to some extent, while King believed he should have had greater influence in the running of the club.

[Doc Rob]

On 21/11/2023 at 18:44, ǝǝɥʇᴉɯS said:

 

Yeah and no, it wasn't up to our administrators, it was UBIG's liquidator and they couldn't care less, but at the end of the day we both got away with it and got our stadiums at a massive discount.

The point is that the administrators are working on behalf of the business to try and save it. Liquidators are working on behalf of the creditors to try and get some of their money back. Or at least that was my understanding. In our case, we agreed a CVA which paid 10p in the pound, the club kept trading, and the creditors got some of their money back. With Rangers, the liquidators were actually obliged to seek the best deal possible for the creditors, which would include selling any remaining assets for as much as they could get. Clearly they didn’t do this, and it remains a mystery how they got away with it.

 

Yes, I don’t deny that we were lucky, in that we were a small cog in Vlad’s collapsing empire and the administrators/liquidators weren’t that fussed about us, so a CVA paying 10p in the pound was acceptable. But the two situations were not the same at all.
 

[Wee Mikey]

Shit!!!

 

I had a spare £1 then.

 

Damn and blast!

 

We could've swooped in and taken them over.

 

Could've been much fun for our mini Hun contingent?

 

Foundation Of Hun ...

 

😆

 

"After protracted takeover negotiations with David Murray, the club was bought by Scottish businessman Craig Whyte on 6 May 2011 for £1, through his company Wavetower Limited (subsequently renamed The Rangers FC Group Limited)"

 

[Footballfirst]

11 hours ago, Doc Rob said:

The point is that the administrators are working on behalf of the business to try and save it. Liquidators are working on behalf of the creditors to try and get some of their money back. Or at least that was my understanding. In our case, we agreed a CVA which paid 10p in the pound, the club kept trading, and the creditors got some of their money back. With Rangers, the liquidators were actually obliged to seek the best deal possible for the creditors, which would include selling any remaining assets for as much as they could get. Clearly they didn’t do this, and it remains a mystery how they got away with it.

Rangers Administrators (duff & Phelps) were taken to court by their Liquidators (BDO), with the judge ruling in favour of the liquidators in October 2021.  Amounts payable as per the judgement:

 

Loss of chance of sale of marketable players £977,500
Loss of chance of sale of Steven Naismith £827,000
Loss of chance of lease and sale of Ibrox Stadium £750,000
Loss of chance of sale of Murray Park £850,000
Total £3,404,500
Interest on this sum at the rate of 4% per annum from 6 February 2017.

 

While Hearts did indeed achieve a CVA, no unsecured creditor received a dividend as the secured creditors (UBIG administrators) took all the funds.