The Sevco saga continues ...

[Footballfirst]

Raman Bhardwaj @STVRaman1m

Rangers and Liverpool have agreed a fee of £7 million pounds for Ryan Kent. Player is currently negotiating personal terms.

 

Barry Anderson @BarryAnderson_2m

Scotland international midfielder Graham Dorrans has left Rangers after his contract was terminated by mutual consent. He is now a free agent.

Edited September 2, 2019 by Footballfirst

[Jambo 4 Ever]

25 minutes ago, Footballfirst said:

Raman Bhardwaj @STVRaman1m

Rangers and Liverpool have agreed a fee of £7 million pounds for Ryan Kent. Player is currently negotiating personal terms.

 

Barry Anderson @BarryAnderson_2m

Scotland international midfielder Graham Dorrans has left Rangers after his contract was terminated by mutual consent. He is now a free agent.

How can they afford this?

[JackLadd]

9 minutes ago, Natural Orders said:

How can they afford this?

 

Remember oldco tried to sign Daniel Cousin when entering administration? Buy now and mibbes pay later. 

[Tasavallan]

3 hours ago, Stephen_East said:

 

Dearie me, it's nonsense. You simply can't say stuff like "Rangers did not have a holding company. The football club became a company through incorporation in 1899, creating one legal entity. That entity is currently going through the liquidation process..."

 

....and then on the other hand claim Leeds were saved despite their 1920-incorporated club/company going the way of the dodo 

https://www.yorkshireeveningpost.co.uk/sport/football/leeds-united/leeds-united-latest/liquidators-finally-draw-a-line-under-leeds-united-s-2007-administration-with-less-than-750-000-paid-to-unsecured-creditors-1-9673129

 

"Liquidators appointed after Leeds United entered administration almost 12 years ago have finally dissolved the original company which owned the club - with less than £750,000 paid to unsecured creditors.

Leeds United Association Football Club Limited, the firm established when the club were formed in 1920, was formally liquidated last month after KPMG filed its last report with Companies House."

 

I'm all for winding up the huns but let's not delude ourselves. They weren't the first club to pull off the newco debt dumping trick, and they won't be the last. See Bolton Wanderers "escape from liquidation" for the latest example. If you think that's a rescue of the debt-laden corporate entity you're deluding yourself. It'll be dropped like a stone for the fresh, debt-free Newco.

 

 

 

As I have stated many times already, The Rangers Football Club Plc (Oldco) went into Administration in February 2012.  As Oldco were unable to reach an agreement with its creditors (thru a CVA)  The Rangers Football Club entered liquidation in October 2012.

 

In October 2012 the new entity legally became RFC 2012 Plc (in liquidation) (formerly The Rangers Football Club Plc) (Newco). 

 

Your persistence is admirable but totally futile on this Board.  Have a good day.

[The Real Maroonblood]

5 minutes ago, Tasavallan said:

 

As I have stated many times already, The Rangers Football Club Plc (Oldco) went into Administration in February 2012.  As Oldco were unable to reach an agreement with its creditors (thru a CVA)  The Rangers Football Club entered liquidation in October 2012.

 

In October 2012 the new entity legally became RFC 2012 Plc (in liquidation) (formerly The Rangers Football Club Plc) (Newco). 

 

Your persistence is admirable but totally futile on this Board.  Have a good day.

[Darkwhisky7]

“You let your Club die, you let your Club die, Glasgow Rangers, you let your Club die! ☺️🤫

[Jeff]

really are going all out now.

 

Another winger though!?

[Jenks]

Ranjurs are deed.

[maroonlegions]

So Rangers paying around 7 MILLION for Kent, looks like they are not going down the pan anytime soon then. 

 

 

[132goals1958]

I take it there is no provision in the accounts for a potential pay out to Big Mike.

[Tennant's 6's]

12 minutes ago, maroonlegions said:

So Rangers paying around 7 MILLION for Kent, looks like they are not going down the pan anytime soon then. 

 

 

Or, failure, (2nd place), makes them a lot closer to going down the pan 🤞

[kila]

15 minutes ago, maroonlegions said:

So Rangers paying around 7 MILLION for Kent, looks like they are not going down the pan anytime soon then. 

 

It will most definitely be in instalments with Liverpool not fussed about £7m up front. Stevie G obviously telling them they'll definitely get their money eventually, with Europa League income as an example.

 

But, as history has shown, I'd be surprised if Liverpool get the £7m

 

 

[Mysterion]

16 minutes ago, maroonlegions said:

So Rangers paying around 7 MILLION for Kent, looks like they are not going down the pan anytime soon then. 

 

 

 

Another player being purchased effectively on credit. Chat is it’s around £2mill payment now then the rest in summer 2020 and 2021.

[Tiger]

4 minutes ago, Mysterion said:

 

Another player being purchased effectively on credit. Chat is it’s around £2mill payment now then the rest in summer 2020 and 2021.

 

They will be dead by then.

[Jim Panzee]

1 hour ago, Mysterion said:

 

Another player being purchased effectively on credit. Chat is it’s around £2mill payment now then the rest in summer 2020 and 2021.

 

Sounds about right.

 

remember they will have many benefactors insane enough to throw money at them to stop 10 in a row. 

 

This wont be the end of it...

[JackLadd]

10 minutes ago, Jim Panzee said:

 

Sounds about right.

 

remember they will have many benefactors insane enough to throw money at them to stop 10 in a row. 

 

This wont be the end of it...

 

 

Something isn't adding up that they have have the cash for this deal even staggered over 3 years. Mystery benefactors are defo not within ffp but we know King is shadier than midnight.

[graygo]

The gazillion pounds they are going to get for Morellos will help.

[gashauskis9]

A team that hasn’t won a trophy in it’s life can afford £7m transfer fees...interesting...

[CJGJ]

28 minutes ago, JackLadd said:

 

 

Something isn't adding up that they have have the cash for this deal even staggered over 3 years. Mystery benefactors are defo not within ffp but we know King is shadier than midnight.

Does that apply to us ?

[JackLadd]

5 minutes ago, CJGJ said:

Does that apply to us ?

 

If in the Europa league, aye. 

[jamboy1982]

Wouldn’t surprise me if it falls through. The story keeps the fans happy and continues the charade that they have cash. 

[The Future's Maroon]

King had £2m on Sellick winning yesterday and used winnings?!!

[Beast Boy]

Is it the same Hun that keeps on opening new accounts on here over these last seven years? If not, then how come they aren’t all posting in a wee circle-jerk watching each other’s backs? 😀

[Ray Gin]

7 hours ago, Stephen_East said:

 

Dearie me, it's nonsense. You simply can't say stuff like "Rangers did not have a holding company. The football club became a company through incorporation in 1899, creating one legal entity. That entity is currently going through the liquidation process..."

 

....and then on the other hand claim Leeds were saved despite their 1920-incorporated club/company going the way of the dodo 

https://www.yorkshireeveningpost.co.uk/sport/football/leeds-united/leeds-united-latest/liquidators-finally-draw-a-line-under-leeds-united-s-2007-administration-with-less-than-750-000-paid-to-unsecured-creditors-1-9673129

 

"Liquidators appointed after Leeds United entered administration almost 12 years ago have finally dissolved the original company which owned the club - with less than £750,000 paid to unsecured creditors.

Leeds United Association Football Club Limited, the firm established when the club were formed in 1920, was formally liquidated last month after KPMG filed its last report with Companies House."

 

I'm all for winding up the huns but let's not delude ourselves. They weren't the first club to pull off the newco debt dumping trick, and they won't be the last. See Bolton Wanderers "escape from liquidation" for the latest example. If you think that's a rescue of the debt-laden corporate entity you're deluding yourself. It'll be dropped like a stone for the fresh, debt-free Newco.

 

 

 

You walked away

[DETTY29]

Was Ryan Kent really that good for Rangers last year.

 

Like £7m (staggered) worth?

 

After Rangers great start to the season, he changed tactics, Scott Brown took the piss all game and owned them, again.

 

Gerrard's still Scouse Celtic isn't he?

[Unknown user]

On 28/08/2019 at 07:53, newbie said:

Sorry, but most of that is simply factually incorrect.

 

Leeds United were saved in the nick of time by being bought out of administration at the eleventh hour, thus avoiding liquidation.

 

Middlesborough were the last club to become insolvent before the introduction of the Insolvency Act 1986. The process they went through was the equivalent of going into administration, just like we did.

 

Neither of those two clubs' insolvencies were remotely similar to Rangers liquidation (nor any other club they claim to be comparable with), quite aside from the matters of Scots Law and the SFA/SPL/SFL.

 

Italy has openly operated a franchise system for its clubs for many years. It did not wait for the death of a club before backdating the introduction of that franchise system.

 

Rangers did not have a holding company. The football club became a company through incorporation in 1899, creating one legal entity. That entity is currently going through the liquidation process.

 

Gretna 2008 play their home matches at Raydale Park in the same colours and in front of the same supporters as their defunct predecessors, Gretna FC. Despite those similarities, they are not treated as being the same club as the one that died, nor should they.

 

The club currently playing out of Ibrox is not legally the same club as the one which was founded in 1872 and died in 2012. Our football authorities, as per the terms of the five-way agreement, have treated the new club as if it was the old one for fear of losing TV and other contracts. There is a world of difference between actually still being a club that died and merely being treated as if it was that club for the sake of financial expediency.

 

Hearts avoided the death of liquidation by the skin of our teeth. Do you seriously think the powers that be would have concocted the survival myth for us? You only have to read about the plight of Bury and Bolton fighting for their very existence to realise that the immortal metaphysical club construct invented for Rangers is unique to Rangers, even although the immortal metaphysical club concept has been laughed out of court by several judges.

 

 

 

I'd also add that the best Scottish precedent we'd already seen was with Airdrieonians, who were put out of business by rangers ironically enough. Some people went out and took over Clydebank, moved them to Airdrie and changed their name to Airdrie Utd, thus getting their hands on a league place. 

However, they weren't allowed to be called Airdrieonians, to claim their history, or to be considered a continuation of the old club.

 

After the rangers episode they were allowed to change their name to Airdrieonians, but only after the precedent had been set when the rangers were allowed to go by a suspiciously similar name to the club that died, rangers fc 1873-2012

Edited September 2, 2019 by Smithee

[newbie]

7 hours ago, Stephen_East said:

 

Dearie me, it's nonsense. You simply can't say stuff like "Rangers did not have a holding company. The football club became a company through incorporation in 1899, creating one legal entity. That entity is currently going through the liquidation process..."

 

....and then on the other hand claim Leeds were saved despite their 1920-incorporated club/company going the way of the dodo 

https://www.yorkshireeveningpost.co.uk/sport/football/leeds-united/leeds-united-latest/liquidators-finally-draw-a-line-under-leeds-united-s-2007-administration-with-less-than-750-000-paid-to-unsecured-creditors-1-9673129

 

"Liquidators appointed after Leeds United entered administration almost 12 years ago have finally dissolved the original company which owned the club - with less than £750,000 paid to unsecured creditors.

Leeds United Association Football Club Limited, the firm established when the club were formed in 1920, was formally liquidated last month after KPMG filed its last report with Companies House."

 

I'm all for winding up the huns but let's not delude ourselves. They weren't the first club to pull off the newco debt dumping trick, and they won't be the last. See Bolton Wanderers "escape from liquidation" for the latest example. If you think that's a rescue of the debt-laden corporate entity you're deluding yourself. It'll be dropped like a stone for the fresh, debt-free Newco.

 

 

How convenient for you to forget to mention the minor detail that Leeds United's administrator agreed a CVA with its creditors at the 11th hour, allowing a sale of the club out of administration.

 

Rangers administrators, on the other hand, failed to achieve an agreement with its creditors, resulting in the sale of a basket of second-hand assets while the football club went into the liquidation process.

 

Moreover, even if Leeds Utd or any other club had indeed died the death of liquidation, that would simply have meant that both they and Rangers had died, not that neither did.

 

As more than one learned judge has remarked, modern professional football clubs are businesses - they are no different to factories, retailers and a host of other commercial entities. The immortal metaphysical club construct that was invented to help facilitate the club continuity myth was concocted to ensure that every last pound coin was shaken out of the trackie-bottom pockets of the deluded blue hordes and to safeguard TV and other contracts.  

 

.....but you feel free to keep claiming the world is flat.

[brunoatemyhamster]

6m million bid for Kent now. 

Just over an hour left. 

Don't want to jinx it, but it's a bit pretendy this offer isn't it?

 

[JackLadd]

Just now, brunoatemyhamster said:

6m million bid for Kent now. 

Just over an hour left. 

Don't want to jinx it, but it's a bit pretendy this offer isn't it?

 

 

Hope it collapses and we can have some more hun tears. 

[redjambo]

2 hours ago, Gashauskis9 said:

A team that hasn’t won a trophy in it’s life can afford £7m transfer fees...interesting...

 

But they won the Petrofac Training Cup in 2015/16!

[Mr Elwood P]

2 hours ago, Gashauskis9 said:

A team that hasn’t won a trophy in it’s life can afford £7m transfer fees...interesting...

 

Only half the money, that they have guaranteed with their Europa League qualification.

[brunoatemyhamster]

1 minute ago, JackLadd said:

 

Hope it collapses and we can have some more hun tears. 

Just thought it was strange that the price is dropping at this late stage..... And it's still not over the line. 

Can't make up my kind if I want it to be a Morelos style kiddie on bid, or a real, last of the money to stop 9 in a row bid

[JackLadd]

5 minutes ago, brunoatemyhamster said:

Just thought it was strange that the price is dropping at this late stage..... And it's still not over the line. 

Can't make up my kind if I want it to be a Morelos style kiddie on bid, or a real, last of the money to stop 9 in a row bid

 

All a load of hun Dodoo 

Edited September 2, 2019 by JackLadd

[sadj]

12 minutes ago, brunoatemyhamster said:

6m million bid for Kent now. 

Just over an hour left. 

Don't want to jinx it, but it's a bit pretendy this offer isn't it?

 

 

Didnt the window close at 5 or was that just the usual BBC uselessness

[Lord Beni of Gorgie]

We have quiet investment,  would imagine Rangers have people out there wealthy enough to spunk cash attempting to  stop 10 in row.

 

 

[Stavropol]

On 12/07/2019 at 12:04, SuperstarSteve said:

We are a much bigger club than rangers. I’ll debate that with anyone. 

Saving your club is as big as it gets. 

Worldwide fanbase my arse. They are known worldwide but nobody actually supports them.

Hence when the biggest moment in the clubs history happened. Nobody done a goddamn thing except cry about injustice. 

But our lot? A so called minuscule none worldwide celebrity fanbase (albeit close to 200k watched parade of Scottish cup in 98 I believe) Dragged our club back from the brink of death. 

 

Since 2011 at not point will I ever consider rangers a bigger club untill they have more cups than us. 

And never will I consider them to have a bigger fanbase.

And by fanbase. I mean real fans. 

 

I absolutely despise that shithouse of a comedy club and everything they stand for. 

 

 

 

Applause deserved. Brilliant post. 

[Stephen_East]

46 minutes ago, newbie said:

How convenient for you to forget to mention the minor detail that Leeds United's administrator agreed a CVA with its creditors at the 11th hour, allowing a sale of the club out of administration.

 

Rangers administrators, on the other hand, failed to achieve an agreement with its creditors, resulting in the sale of a basket of second-hand assets while the football club went into the liquidation process.

 

Moreover, even if Leeds Utd or any other club had indeed died the death of liquidation, that would simply have meant that both they and Rangers had died, not that neither did.

 

As more than one learned judge has remarked, modern professional football clubs are businesses - they are no different to factories, retailers and a host of other commercial entities. The immortal metaphysical club construct that was invented to help facilitate the club continuity myth was concocted to ensure that every last pound coin was shaken out of the trackie-bottom pockets of the deluded blue hordes and to safeguard TV and other contracts.  

 

.....but you feel free to keep claiming the world is flat.

Pointing out you are clueless re. the fate of one football club, Leeds United https://beta.companieshouse.gov.uk/company/00170600 ("Dissolved"), doesn't in anyway contradict the obvious fact the old Rangers 1872-2012 is in liquidation. Who has denied the old Rangers are in liquidation? Anyone? 

 

Please Newbie. Explain how a football club of status "DISSOLVED" was "saved in the nick of time".

 

Why did the resident LUFC reporter at the Yorkshire Evening Post write "Leeds United Association Football Club Limited, the firm established when the club were formed in 1920, was formally liquidated last month after KPMG filed its last report with Companies House."

 

Flat earthers are nothing on you Newbie

[Fozzyonthefence]

1 hour ago, sadj said:

 

Didnt the window close at 5 or was that just the usual BBC uselessness

 

Sevco announce signing of Kent at midnight.  So pathetically predictable, like anyone really believes the deal got concluded in the last few minutes.  Mind you most of the Huns will believe anything.

[JackLadd]

1 minute ago, Fozzyonthefence said:

 

Sevco announce signing of Kent at midnight.  So pathetically predictable, like anyone really believes the deal got concluded in the last few minutes.  Mind you most of the Huns will believe anything.

 

Totally agree, Sky playing along with this charade also. Nice deal for the Scousers as long as the huns don't go breests up. 

[sadj]

Naismith to Hibs confirmed. Not a bad player as I recall. Cover for Gray?

[1971fozzy]

£7.5m for him 😂😂😂

as much as I despise Celtic I hope they beat that shitehole club to the title. Anything to speed up the demise of one half of the arse cheeks. 

 

[Jambo66]

1 hour ago, Stephen_East said:

Pointing out you are clueless re. the fate of one football club, Leeds United https://beta.companieshouse.gov.uk/company/00170600 ("Dissolved"), doesn't in anyway contradict the obvious fact the old Rangers 1872-2012 is in liquidation. Who has denied the old Rangers are in liquidation? Anyone? 

 

Please Newbie. Explain how a football club of status "DISSOLVED" was "saved in the nick of time".

 

Why did the resident LUFC reporter at the Yorkshire Evening Post write "Leeds United Association Football Club Limited, the firm established when the club were formed in 1920, was formally liquidated last month after KPMG filed its last report with Companies House."

 

Flat earthers are nothing on you Newbie

You really are an idiot aren't you? There really is no point in explaining things to people like you because you don't even want to understand the reality of Rangers' demise.

 

You. Let. Your. Club. Die.

[The Treasurer]

Sevco have announced Kent as signed for an "undisclosed fee" don't they mean an "upaid fee" as they usually do

[Unknown user]

8 hours ago, Stephen_East said:

Pointing out you are clueless re. the fate of one football club, Leeds United https://beta.companieshouse.gov.uk/company/00170600 ("Dissolved"), doesn't in anyway contradict the obvious fact the old Rangers 1872-2012 is in liquidation. Who has denied the old Rangers are in liquidation? Anyone? 

 

Please Newbie. Explain how a football club of status "DISSOLVED" was "saved in the nick of time".

 

Why did the resident LUFC reporter at the Yorkshire Evening Post write "Leeds United Association Football Club Limited, the firm established when the club were formed in 1920, was formally liquidated last month after KPMG filed its last report with Companies House."

 

Flat earthers are nothing on you Newbie

 

 

 

[Jambo66]

2 hours ago, farin said:

 

They are now saying £2m down & instalments. 

 

 

 

Seems to me that it would make him the most expensive player in the club's history. Flo was signed by a club that died.

[JackLadd]

4 minutes ago, Jambo66 said:

Seems to me that it would make him the most expensive player in the club's history. Flo was signed by a club that died.

 

 

Totally different club signed Flo, agreed. 

[Seymour M Hersh]

Ryan Kent isn't worth £7.5 million. They've been had by LFC! 

[Sergio]

Director of Football Mark Allen Is leaving club tick tock 😂😂😂

[Newton51]

I know a dof they could have ....

[Footballfirst]

25 minutes ago, Sergio said:

Director of Football Mark Allen Is leaving club tick tock 😂😂😂

 

Cutting the wage bill after he failed to arrange exits for Morelos and Tavernier.