• Content count

  • Joined

  • Last visited

About smcc

  • Rank
    First team regular

Profile Information

  • Gender
  1. Graeme, can I ask how often your training balls are used and for how long?
  2. Indeed. Some on this forum seem to think that there really is a money tree.
  3. This article from yesterday's Herald gives more detail. 23rd July Rangers saga in new twist as 'oldcos' stalk the club Ron McKay Rangers saga in new twist as 'oldcos' stalk the club 71 comments Get the latest local news straight to your inbox every day IN another astonishing turn in the Rangers financial saga both the old company which owned the club and the new one in control are likely to face multi-million pound claims on their assets. A London firm which buys litigation claims to pursue them through the courts has resurrected the company through which Craig Whyte bought Rangers, and also saved from being struck-off the one which Charles Green used to acquire the club after Whyte’s short and disastrous ownership. Both companies, Wavetower and Sevco 5088, believe they have legitimate claims on both liquidated funds and against the present club. Henderson & Jones describe themselves as expert litigators and insolvency professionals who purchase legal claims and endeavour to get money back to creditors by pursuing their legal claims. The two principals are Philip Henderson and Gwilym Jones. On June 20 Henderson & Jones were appointed directors of Wavetower (now renamed The Rangers FC Group). Eight days earlier they had joined the board of Sevco 5088. Wavetower had been struck off by the Registrar of Companies and Sevco was about to be. Less than a fortnight later they had completed the processes to secure both the companies on the register again. They also joined the board of the associated company which was still trading, Law Financial, which Whyte founded. It holds a security over Sevco. Law, Sevco and Wavetower are ultimately owned by the Worthington Group which is now in liquidation. Philip Henderson told the Sunday Herald that they were working with Worthington liquidators, Begbies Traynor, to "deal with and evaluate any claims the Worthington subsidiaries might have, or might be made against them. As part of that role we became a director of each of the Worthington subsidiaries". He added that the company wanted to work with Rangers "oldco" liquidators, the accountancy firm BDO, "to help them get to a position where they can make a distribution to the unsecured creditors". Whyte bought Rangers for £1 in May 2011 from Sir David Murray. The vehicle he used was Wavetower. A little over a year later, and after Whyte ran out of cash, the Rangers collapse left thousands of unsecured creditors out of pocket, including 6,000 fans who bought £7.7m worth of debenture seats at Ibrox. Wavetower’s claim is that it is a preferential creditor and should be head of the queue for cash, in front of the tax authorities, in the liquidation. Wavetower, Whyte's then company, inherited a security over assets including Ibrox and Murray Park from Lloyds Banking Group after paying off Rangers £18m debt using future season ticket sales. The security was originally set up in 1999 because of Rangers ballooning debt. BDO have resisted the claim and in court documents argued that it was based on a fraudulent scheme. However Whyte's acquittal on all charges would appear to bolster Wavetower's entitlement claim. Last year a judgment by Lord Doherty put off any decision on the rights and wrongs of the claim until the conclusion of Whyte's fraud trial. Unless agreement can be reached this is likely to be tested in yet another Rangers court case. BDO holds substantial liquidation funds, believed to be in excess of £30m, including £24m from the lawyers Collyer Bristow who acted for Whyte. BDO will now also pursue more than 80 former players and staff, like Murray and former club captain Barry Ferguson, who benefited from an elaborate tax avoidance scheme – Employee Benefit Trusts, which the Supreme Court ruled were disguised salary payments. The recipients will be forced to pay back millions of pounds to the HMRC through BDO or face bankruptcy. It is believed that the Revenue has recovered more than £1bn from other of those schemes. Following Whyte's calamitous ownership, in June 2012 Charles Green completed the purchase of Rangers' assets for £5.5m through Sevco 5088. The new Sevco claim will centre on the ownership of Rangers and the transfer of assets, such as the Ibrox ground and the Auchenhowie training complex, by Green to another of his companies, Sevco Scotland, and the substantial upward revaluation of these assets. Green was later ousted and subsequently replaced by South African businessman Dave King. The company is now called Rangers International Football Club PLC. In filings at Companies House last month by Sevco 5088, the company claims it has investments of £15,700,000, with just £1 in the bank. In a note to the accounts, the directors state: “The company believes it has been the victim of fraud, and as such, the directors are not satisfied that they have all the accounting records of the company and these financial statements are therefore prepared on the basis of the accounting information that the directors do have.” One of the signatories is director Aidan Earley. Earley is a discharged bankrupt. In 2014 he was banned for five years from holding a directorship but in an rare move was allowed to remain as a director of Sevco. It is believed that this was connected to his battle over the ownership of Rangers. The Sunday Herald contacted the liquidator BDO for comment about the Wavetower claim, without response.
  4. Stephen McGinn agrees with much of what you say. "THE away dressing room at Firhill on Saturday was not a pleasant place to be. St Mirren had just lost 5-0 to Partick Thistle – they were lucky to get nil – having been outplayed in every aspect it is possible to be in a football match. Sure, Thistle are in the league above and therefore it stands to reason they will have better players. However, the gap should not be this gargantuan. This was as one-sided a game as you will ever see. The home side played well in fairness and we shall get to Alan Archibald’s men in a moment but given what St Mirren captain Stephen McGinn had to say after the game, and how he said it, his passionate words must be given priority. “It was one of the worst days of my career,” he said. “It was really, really tough. It was far too easy for Thistle. It was men against boys at times. We have asked questions of each other in the dressing room. That's not acceptable, it will never be acceptable. “I think that's been coming. We haven't been good enough in pre-season and in the cup games. To be fair to Thistle they really punished us. "We are missing a few key players. We've not lost that many from last year but we can't afford to have injuries to our best players. "The basics of winning tackles, matching runs and winning headers...we were a million miles away from it. “I've played with better players at this club who haven't done well. Some of the boys here better get a fright or they won't be here long." McGinn gets full marks for honesty at least. St Mirren should be challenging for a play-off place this season. On the evidence of the summer, they will do well to stay up and that’s no exaggeration. Jack Ross is a good manager and the job he did last time out was incredible. But there is something deeply wrong at the moment which quickly needs to be fixed. “It could have been more,” admitted McGinn. “I apologise to the St Mirren fans who came. Some of them clapped us at the end, I don't know how, but fair play to the ones that stayed and did that. "If we play like that, we will definitely be in another relegation battle like last season and the season before. It can't happen again. There are good teams who will beat you if you are not at it." And Partick Thistle just so happen to be a good team."
  5. Have to disagree. By the time the ball was chested down he was virtually on the goal line.
  6. Fine. I also need a file to sharpen the protruding nails on the leather studs.
  7. Mitre Mouldmaster? You haven't lived. In my day it was brown leather balls with laces which coiuld inflict much more damage.
  8. All very well in theory but in practice in doesn't work. Any home fans parking in the main car park and going to the main stand walk behind the North Stand.
  9. A&E for a skint knee? What a woose! A good nail brush got rid of the grit.
  10. If this was the reason I can say that it has never worked. I have had a space in the red car park behind the North Stand since we moved to Greenhill Road and I can assure you that the opposing fans regularly meet each other in this area before and after games.
  11. At the start of my professional association with the club these players were still part time but trained mainly at the Kibble. I have absolutely no doubt that they would have benefited from the assessment and advice of a sports scientist. Sports scientists were rarae aves in those days!
  12. As far as I can see the furthest he retreated was a yard. As he was stationed in the middle of the goal the narrowing of the angle would have been minimal if he had stayed where he was when the ball was chested down. To my mind the player mainly at fault was Buchanan who should have been able to head the ball away instead of being held off by a considerably smaller player. He was constantly unable to attack such balls throughout the game and I said early on that Jack Baird would have dealt with these balls.
  13. The answer to your final question is that they were inherently good players but would probably have been even better players with the help of a sports scientist.