The Sevco saga continues ...

[Jambo-Fox]

Typical … just our luck …

 

Hearts temporarily stop beating 

Sevco implode &

The Dons explode ….

 

split the old firm …

[skacel103]

11 hours ago, Holtie said:

Make no mistake Rangers are in serious trouble! Fans demanding change, but no money to acquire a new quality manager, no money to buy new players and no likelihood of anyone being daft enough to invest £50M (min) to improve the situation. Will be struggling to keep ahead of us , Aberdeen etc for the foreseeable future….just love it!

If I was rangers I'd be sacking clement and getting the aberdeen manager. Problem solved  👌 

[Dunks]

25 minutes ago, skacel103 said:

If I was rangers I'd be sacking clement and getting the aberdeen manager. Problem solved  👌 

 

Are you the Daily Record? 

[gordon simpson]

22 hours ago, Nerja Jambo said:

Nae surrender. 

until they are asked to help save their club with a few quid 

[John Findlay]

Is them going back to the pre Murray mediocrity days?

[Nerja Jambo]

1 minute ago, gordon simpson said:

until they are asked to help save their club with a few quid 

😄

[PortyBeach]

[hearts151]

On 01/11/2024 at 12:56, Hagar the Horrible said:

Not that far from the truth, they state they can have £59m investment without breaching EUFA fair play rules  Jezus H Mohammed Ali (dont want to cause another war) They need to cull the squad, they ARE getting the wage budget down. but sack Clement after just giving him a 4 year deal????  It is NOT a new manager but a huge doze of a REALITY CHECK the need. Their skint, own it and start dealing with it and stop playing Billybigbaws

What's funny about that sensationalist headline is what it's actually saying is their turnover means they can spend upto £59M and be fine... not stating what they already spend on the current squad. 

 

It isn't £59M in addition to their current squad spend. Of course any money they did spend on a transfer fee needs needs to also leave room for that players wages and other fees. In reality even if investment they probably couldn't spend much more at all.

[Mr Kipling]

On 01/11/2024 at 13:20, Nerja Jambo said:

Very good article in the Scotsman this morning about how they have got themselves into a corner re Clements contract until 2028, the transfer budget has been cut and will be even more and basically how they've no money. Shame. The best option for Rangers to get themselves sorted is administration. 

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

[gwd1957]

39 minutes ago, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

**** them they voted us down during covid .

[periodictabledancer]

50 minutes ago, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

People might miss the irony here.

[SE16 3LN]

25 minutes ago, gwd1957 said:

**** them they voted us down during covid .

Exactly

[The Real Maroonblood]

1 hour ago, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

They want their cake and eat it too.

The Huns can die.

 

[Dunks]

23 minutes ago, The Real Maroonblood said:

 

The Huns can die.

 

 

Again 

[Hector Riva]

Yes please 

[tian447]

Jesus ****ing Christ, the utter state of the last couple of pages. 

 

 

 

Religion and Politics follow the same rule for me.  Believe what you want, devote yourself to whatever you want, but shut the ever-loving **** up about it and keep it yourself.  

[ƒιѕнρℓαρѕ]

2 hours ago, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

 

[ƒιѕнρℓαρѕ]

2 hours ago, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

 

[Joey J J Jr Shabadoo]

46 minutes ago, ｕｎｋｎｏｗｎｕｓｅｒ said:

 

I assumed he was trolling.

[Gundermann]

2 hours ago, tian447 said:

Jesus ****ing Christ, the utter state of the last couple of pages. 

 

 

 

Religion and Politics follow the same rule for me.  Believe what you want, devote yourself to whatever you want, but shut the ever-loving **** up about it and keep it yourself.  

 

 

Well... he died for his own sins, not mine. Same with Sevco.

[tian447]

16 minutes ago, Gundermann said:

 

 

Well... he died for his own sins, not mine. Same with Sevco.

 

Did Jesus get to keep his titles? 

[PortyBeach]

8 hours ago, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

You don’t say why TRFC going into Administration “would be awful” or why their absence from the top tier “would negatively impact the Scottish game”.

Care to enlighten us all??

Incidentally, Rangers FC were not “demoted”: that club was liquidated.
A new club was shoehorned into the bottom tier - where any new club would start.

But then, I suspect you know all this…

[buzzbomb1958]

5 hours ago, tian447 said:

 

Did Jesus get to keep his titles? 

He was a joiner and came back as a carpenter 

[Gorgierools]

1 minute ago, buzzbomb1958 said:

He was a joiner and came back as a carpenter 

Time served ? Heard he was quite good in the catering business also 

[Japan Jambo]

15 hours ago, PortyBeach said:

You don’t say why TRFC going into Administration “would be awful” or why their absence from the top tier “would negatively impact the Scottish game”.

Care to enlighten us all??

Incidentally, Rangers FC were not “demoted”: that club was liquidated.
A new club was shoehorned into the bottom tier - where any new club would start.

But then, I suspect you know all this…

 

They let their club die, that however isn't the national narrative. Hopefully if the re-incarnates do die again, the liquidators sell Ibrox for redevelopment and the pantomime truly ends. 

 

Noticed that the attendance yesterday for a cup semi final was just over 37k, poor show from one of the 'giants' of our game.

[Hagar the Horrible]

On 03/11/2024 at 09:25, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

They were never demoted.  They went bust, they died, they went out of the game. They were allowed to re-admittance into the Top league again as a new entity, but after uproar by all clubs, they were allowed re-entry at the bottom, without due diligence on their suitability for financial fair play.  They were allowed back in without submitting a tendering process which clubs like Spartans etc, who had more than 3 years of accounts.  they did not just bend the rules, they ignored them all together to allow their failed institution back in without recourse, no title stripping, and worse allowed them to claim titles from another club.

 

They are throwing money to they don't have to compete, they need more than £50m external cash injection,  They have nobody running the clubs, they have numerous softloans, numerous secured loans, no bank can offer them an overdraft mechanism.

 

I ask this of the SFA, the SPFL, and the SMSM and indeed all other clubs, to say stop.  They need protected from themselves.  If they make one bad turn and this hand to mouth existence goes pear shaped and they do sleep walk into Admin 2, only this time competing unfairly. Why is nobody calling this out a hell of a lot louder than it is?

 

Rangers fans for all their faults are loyal to their club, they are willing to part with their money, but unable to speak with one voice, they need to do what we did and turn them into a fans owned entity, They wont win the league that often but at least they will have a club.

[PortyBeach]

1 hour ago, Japan Jambo said:

 

They let their club die, that however isn't the national narrative. Hopefully if the re-incarnates do die again, the liquidators sell Ibrox for redevelopment and the pantomime truly ends. 

 

Noticed that the attendance yesterday for a cup semi final was just over 37k, poor show from one of the 'giants' of our game.

Yes, being able to continue to play out of Ibrox undoubtedly helped maintain the myth of continuity.

I gather TRFC sold 29,000 tickets for yesterday’s match.

[Jambo-Fox]

2 hours ago, Hagar the Horrible said:

They were never demoted.  They went bust, they died, they went out of the game. They were allowed to re-admittance into the Top league again as a new entity, but after uproar by all clubs, they were allowed re-entry at the bottom, without due diligence on their suitability for financial fair play.  They were allowed back in without submitting a tendering process which clubs like Spartans etc, who had more than 3 years of accounts.  they did not just bend the rules, they ignored them all together to allow their failed institution back in without recourse, no title stripping, and worse allowed them to claim titles from another club.

 

They are throwing money to they don't have to compete, they need more than £50m external cash injection,  They have nobody running the clubs, they have numerous softloans, numerous secured loans, no bank can offer them an overdraft mechanism.

 

I ask this of the SFA, the SPFL, and the SMSM and indeed all other clubs, to say stop.  They need protected from themselves.  If they make one bad turn and this hand to mouth existence goes pear shaped and they do sleep walk into Admin 2, only this time competing unfairly. Why is nobody calling this out a hell of a lot louder than it is?

 

Rangers fans for all their faults are loyal to their club, they are willing to part with their money, but unable to speak with one voice, they need to do what we did and turn them into a fans owned entity, They wont win the league that often but at least they will have a club.

👏 👍🏻👏👍🏻👏👍🏻👏👍🏻👏👍🏻👏👍🏻👏👍🏻👏

[periodictabledancer]

6 hours ago, Japan Jambo said:

 

They let their club die, that however isn't the national narrative. Hopefully if the re-incarnates do die again, the liquidators sell Ibrox for redevelopment and the pantomime truly ends. 

 

Noticed that the attendance yesterday for a cup semi final was just over 37k, poor show from one of the 'giants' of our game.

They didn't let their club die - it couldn't be saved. They had debts of over £100  million and  Hector wasnt going to take a haircut on its share especially given Rangers RIP had offered £10  million to get Hector to walkaway.

For context - HBOS got £1 billion from the UK taxpayer to bail it out during the banking crisis  and the £100+ million   of Rangers debt was a substantial part of that bad debt. 

They had a £50 million share flotation for the zombie club and immediately started living beyond their means. Just like it's predecessor. But this time UK banks wont touch them with a barge pole. 

 

 

[1953]

5 hours ago, Hagar the Horrible said:

They were never demoted.  They went bust, they died, they went out of the game. They were allowed to re-admittance into the Top league again as a new entity, but after uproar by all clubs, they were allowed re-entry at the bottom, without due diligence on their suitability for financial fair play.  They were allowed back in without submitting a tendering process which clubs like Spartans etc, who had more than 3 years of accounts.  they did not just bend the rules, they ignored them all together to allow their failed institution back in without recourse, no title stripping, and worse allowed them to claim titles from another club.

 

They are throwing money to they don't have to compete, they need more than £50m external cash injection,  They have nobody running the clubs, they have numerous softloans, numerous secured loans, no bank can offer them an overdraft mechanism.

 

I ask this of the SFA, the SPFL, and the SMSM and indeed all other clubs, to say stop.  They need protected from themselves.  If they make one bad turn and this hand to mouth existence goes pear shaped and they do sleep walk into Admin 2, only this time competing unfairly. Why is nobody calling this out a hell of a lot louder than it is?

 

Rangers fans for all their faults are loyal to their club, they are willing to part with their money, but unable to speak with one voice, they need to do what we did and turn them into a fans owned entity, They wont win the league that often but at least they will have a club.

Well said! 

[Japan Jambo]

34 minutes ago, periodictabledancer said:

They didn't let their club die - it couldn't be saved. They had debts of over £100  million and  Hector wasnt going to take a haircut on its share especially given Rangers RIP had offered £10  million to get Hector to walkaway.

For context - HBOS got £1 billion from the UK taxpayer to bail it out during the banking crisis  and the £100+ million   of Rangers debt was a substantial part of that bad debt. 

They had a £50 million share flotation for the zombie club and immediately started living beyond their means. Just like it's predecessor. But this time UK banks wont touch them with a barge pole. 

 

 

 

Presumably your not painting them as the victims here? 

[periodictabledancer]

1 hour ago, Japan Jambo said:

 

Presumably your not painting them as the victims here? 

Absolutely not. I'm delighted at their demise. 

😃

[The Real Maroonblood]

8 hours ago, Hagar the Horrible said:

They were never demoted.  They went bust, they died, they went out of the game. They were allowed to re-admittance into the Top league again as a new entity, but after uproar by all clubs, they were allowed re-entry at the bottom, without due diligence on their suitability for financial fair play.  They were allowed back in without submitting a tendering process which clubs like Spartans etc, who had more than 3 years of accounts.  they did not just bend the rules, they ignored them all together to allow their failed institution back in without recourse, no title stripping, and worse allowed them to claim titles from another club.

 

They are throwing money to they don't have to compete, they need more than £50m external cash injection,  They have nobody running the clubs, they have numerous softloans, numerous secured loans, no bank can offer them an overdraft mechanism.

 

I ask this of the SFA, the SPFL, and the SMSM and indeed all other clubs, to say stop.  They need protected from themselves.  If they make one bad turn and this hand to mouth existence goes pear shaped and they do sleep walk into Admin 2, only this time competing unfairly. Why is nobody calling this out a hell of a lot louder than it is?

 

Rangers fans for all their faults are loyal to their club, they are willing to part with their money, but unable to speak with one voice, they need to do what we did and turn them into a fans owned entity, They wont win the league that often but at least they will have a club.

Good post.

[Doc Rob]

8 hours ago, PortyBeach said:

Yes, being able to continue to play out of Ibrox undoubtedly helped maintain the myth of continuity.

I gather TRFC sold 29,000 tickets for yesterday’s match.

I still cannot quite believe that the liquidators allowed the stadium to be sold to the new club for about a twentieth of its value in the accounts. The job of the liquidator is to wind up the business and recover as much of the creditors’ money as they can. Ibrox was the old club’s one major asset. It should have been sold to the highest bidder and the money gone to HMRC (back to the taxpayer, in effect). What actually happened was so obviously bent that it’s beyond belief it wasn’t challenged in court.

[JAYEL]

On 03/11/2024 at 09:25, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

 

Thanks Keef

[The Real Maroonblood]

3 minutes ago, JAYEL said:

 

Thanks Keef

It’s certainly a weird post wanting the Huns to function.

[John Findlay]

On 03/11/2024 at 09:25, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

I can only assume that your tongue was firmly in your cheek when you typed and then posted the above.

[Cameronstheman]

On 03/11/2024 at 09:25, Mr Kipling said:

Looking at the bigger picture of Scottish football in general, for Rangers to go down the administration route would be awful. Like it did years ago when they were demoted, it would negatively impact the Scottish game. I for one prefer having them fully functioning. 

They wont go out the game, there will always be people !! who will bail them out IM0

 

But lets not forget this, Rangers club couldn't  give a flying f uck about any other team bar them selves 

 

And a wee reminder, they cherry picked every Hearts player could on the cheap not so long ago .So what ever pans out with shower of shit .. F uck them I say. Only Hearts 

[PortyBeach]

24 minutes ago, Doc Rob said:

I still cannot quite believe that the liquidators allowed the stadium to be sold to the new club for about a twentieth of its value in the accounts. The job of the liquidator is to wind up the business and recover as much of the creditors’ money as they can. Ibrox was the old club’s one major asset. It should have been sold to the highest bidder and the money gone to HMRC (back to the taxpayer, in effect). What actually happened was so obviously bent that it’s beyond belief it wasn’t challenged in court.

You’re absolutely right in what you’re saying.
I think Ibrox was valued at around £100M (which may have been an inflated figure) but it was sold for around £5M (if I recall correctly).

There may not have been a higher bid on the table, but arguably could/should the liquidators have held out for more money? 

 

[Doc Rob]

3 minutes ago, PortyBeach said:

You’re absolutely right in what you’re saying.
I think Ibrox was valued at around £100M (which may have been an inflated figure) but it was sold for around £5M (if I recall correctly).

There may not have been a higher bid on the table, but arguably could/should the liquidators have held out for more money? 

 

You’d almost certainly be able to realise more than that from selling the land. But if any option other than selling it to Newco was ever considered, it wasn’t mentioned in the media.

 

You could argue that we benefitted from something similar when Bidco bought the club and its assets from the Lithuanian liquidators. But the circumstances were different. We were in administration, and administrators are brought in to save the business as a going concern - for which we needed to keep the stadium. Liquidators aren’t.

[buzzbomb1958]

12 hours ago, John Findlay said:

I can only assume that your tongue was firmly in your cheek when you typed and then posted the above.

I think this is Sir PH in his new disguise 

[Jim Panzee]

23 hours ago, Hagar the Horrible said:

Rangers fans for all their faults are loyal to their club, they are willing to part with their money, but unable to speak with one voice, they need to do what we did and turn them into a fans owned entity, They wont win the league that often but at least they will have a club.

I must've missed them launching their Foundation of Rangers scheme......

[Hagar the Horrible]

1 hour ago, Jim Panzee said:

I must've missed them launching their Foundation of Rangers scheme......

I have seen them at bucket collections, they would give away their last penny, problem they have is that there was too many fans groups wasting money to get a seat on the board, and buy a pair of brown brogues.  It was futile, they should have done what we did.  They have fans all over the world, 100,000 fans putting in a £10 a month, every month.

 

They just want however a sugar daddy to just buy titles, however, their loss

[Horatio Caine]

2 hours ago, buzzbomb1958 said:

I think this is Sir PH in his new disguise 

Possibly it is. If so he does make lovely cakes

[gordon simpson]

19 hours ago, periodictabledancer said:

They didn't let their club die - it couldn't be saved. They had debts of over £100  million and  Hector wasnt going to take a haircut on its share especially given Rangers RIP had offered £10  million to get Hector to walkaway.

For context - HBOS got £1 billion from the UK taxpayer to bail it out during the banking crisis  and the £100+ million   of Rangers debt was a substantial part of that bad debt. 

They had a £50 million share flotation for the zombie club and immediately started living beyond their means. Just like it's predecessor. But this time UK banks wont touch them with a barge pole. 

 

 

lovely watching this disgusting institution die slowly 

[Jim Panzee]

54 minutes ago, Hagar the Horrible said:

I have seen them at bucket collections, they would give away their last penny.....

 

They just want however a sugar daddy to just buy titles, however, their loss

Fair play - I've never seen the bucket collections -  but that's a reactionary ad hoc type of fund raise....which probably explains your second point.

 

they either want that sugar daddy to save them the effort of self fund raising......or don't have the intelligence to organise it....or are so hamstrung by internal power struggles amongst differing factions it's stopping a joint effort from happening.

 

 

[Niall]

5 hours ago, Hagar the Horrible said:

I have seen them at bucket collections, they would give away their last penny, problem they have is that there was too many fans groups wasting money to get a seat on the board, and buy a pair of brown brogues.  It was futile, they should have done what we did.  They have fans all over the world, 100,000 fans putting in a £10 a month, every month.

 

They just want however a sugar daddy to just buy titles, however, their loss

 

Bucket collections isn't a serious attempt to save the club,

 

FoH wasn't about bucket collections

 

 

[Hagar the Horrible]

17 hours ago, Niall said:

 

Bucket collections isn't a serious attempt to save the club,

 

FoH wasn't about bucket collections

 

 

No I am talking about charity

[HeartsandonlyHearts]

**** them. I hope they go under (again)

Only deeper undercover than the last time. Never to be seen or heard from again.

The last couple of pages has just awoken the hate I had 12 years ago when all the past cheating and shenanigans came out.

I think I forgot half of it. Let them fold sooner than later.

[Skivingatwork]

The cheating and cover-ups that put them under, coupled with the rule breaking to allow them to be re-installed in the 4th tier with all history intact was off the scale. It was a national scandal involving the club, footballing authorities, the media and even the police. 
 

That was a (partial) attempt at a documentary trying to unpick the story but it barely scratched the surface. The full truth may never be known as so many powerful people and parties would rather it wasn’t.