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Poor R*ngers Theads Merged.....


bluto

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And those are the VERY belated figures. A year later, and it's worse than the daily rangers is letting on.

Still amazing, nonetheless, that a Mainstream Scottish Media voice is actually letting SOME reality shine on the subject.

Poor bears. Do they buy more season tickets to keep the spivs happy a wee while longer or do they let things fall part and build from scratch - as should have happened two years ago?

It's been long known that expensive players, a ridiculously expensive manager, nights in top hotels before you play Forfar... ALL come at a price.

The price is.. Losing your stadium and losing your training ground.

And Buddies bleat about the excitement of MAYBE being in the play-offs! Life is good. :)

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And those are the VERY belated figures. A year later, and it's worse than the daily rangers is letting on.

Still amazing, nonetheless, that a Mainstream Scottish Media voice is actually letting SOME reality shine on the subject.

Poor bears. Do they buy more season tickets to keep the spivs happy a wee while longer or do they let things fall part and build from scratch - as should have happened two years ago?

It's been long known that expensive players, a ridiculously expensive manager, nights in top hotels before you play Forfar... ALL come at a price.

The price is.. Losing your stadium and losing your training ground.

And Buddies bleat about the excitement of MAYBE being in the play-offs! Life is good. smile.png

We knew the figures wouldn't look good but the reality is worse than even I'd hoped for. On the surface it looks to me that they are effectively trading illegally but I suspect that they get away on a technicality with the £16M. being owed to Rangers International. Accountants have to be very circumspect but I get the feeling that Deloitte are saying Rangers are f**ked.

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We knew the figures wouldn't look good but the reality is worse than even I'd hoped for. On the surface it looks to me that they are effectively trading illegally but I suspect that they get away on a technicality with the £16M. being owed to Rangers International. Accountants have to be very circumspect but I get the feeling that Deloitte are saying Rangers are f**ked.

It was this little part that I noticed. If it's the auditors who wanted that clause in then they are not currently a going concern and even with it there seems to be cause for the bears to be concerned.

In the interim results published last month, going concern status was only granted on the basis of an increase in season-ticket prices and a rise in sales. As a consequence of that note in the accounts, the board need to ring-fence any season-ticket income that arrives until they are certain that the business is a going concern for the next 12 months
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http://thefrontofthebus.blogspot.co.uk/2014/04/when-spl-ratified-sevco-as-new-club.html?m=1

It seems ridiculous to have write a blog to prove the status of Sevco as a new club given that anyone not hard of thinking knows they are but needs must.

Obtained from a source within Sevco, above is the correspondence sent by Duff and Phelps to Iain Blair on July 27th 2012 to confirm the status that it would be Sevco that were playing Brechin City in the first ever game of the Newco.

Look at the paragraph after the list of players names (actually some had gone by then)

Note the specific request to the SPL board re D1.16.

http://www.scribd.com/doc/143090374/Spl-Handbook-2008-09-10-Feb-09-Current

The relevant extract from above is:

"D1.16 A Registered Player must not, except with the prior consent of the Board and the Club to which he is Registered, play Football for any other Football club in any competition or except with the prior consent of the Club to which he is Registered, train with such other Football Club."

Neil Doncaster and the SPL board approved this request the same day.

A clear line was drawn that Sevco is indeed another club, clearly different from Rangers Oldco.

Permission granted via an explicitly defined rule above, leaves it open to no further debate - Sevco are a different club from that established 140 years earlier.

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http://thefrontofthebus.blogspot.co.uk/2014/04/when-spl-ratified-sevco-as-new-club.html?m=1

It seems ridiculous to have write a blog to prove the status of Sevco as a new club given that anyone not hard of thinking knows they are but needs must.

Obtained from a source within Sevco, above is the correspondence sent by Duff and Phelps to Iain Blair on July 27th 2012 to confirm the status that it would be Sevco that were playing Brechin City in the first ever game of the Newco.

Look at the paragraph after the list of players names (actually some had gone by then)

Note the specific request to the SPL board re D1.16.

http://www.scribd.com/doc/143090374/Spl-Handbook-2008-09-10-Feb-09-Current

The relevant extract from above is:

"D1.16 A Registered Player must not, except with the prior consent of the Board and the Club to which he is Registered, play Football for any other Football club in any competition or except with the prior consent of the Club to which he is Registered, train with such other Football Club."

Neil Doncaster and the SPL board approved this request the same day.

A clear line was drawn that Sevco is indeed another club, clearly different from Rangers Oldco.

Permission granted via an explicitly defined rule above, leaves it open to no further debate - Sevco are a different club from that established 140 years earlier.

Why would the SPL need to approve this?

The new club was in the SFL.

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Cheers, just thought they wouldn't be registered anywhere as they were liquidated.

The point of the blog and comment that davej has copied and posted is, IIRC...

1. To show on their own documents eg the liquidators D + P, that this is DEFINITELY a NEW company not a continuing, trading entity with uninterrupted history.

And

2. To show that, with the connivance of SFA and SPFL, old Rangers players were temporarily transferred to a newco so that they could be registered to play in friendliest etc until such time as a deal could be done to finagle assets into Sevco, which then tried to TUPE players across, with minimal success.

3. It's more proof of the corruption and double dealing by Doncaster, Regan and Ogilvie.

Was it Regan who, when asked if it was a newco or was it the same Rangers, replied that it was up to the fans -despite him having to have signed off on those "temporary transfers from one entity to another"?

:)

Edited by bluto
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How can you spend that much money and still have a squad that is that poor?

You answered your own question...

By how much is THAT "manager" paid? :)

He must have another world record simmering - number of exits from cups.

Edited by bluto
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