NorthernLights24 Posted October 17, 2012 Share Posted October 17, 2012 My predicition right now? - The Share floatation will either be stopped by the AIM or there will be so much doubt about it that it will fail- Then Green and co need to pump more money in to keep going OR put the club back into admin again to try and shed further debt, this time losing jobs and maybe assets too- If they come out of admin that time they'll have been set back years with what they will lose - The fans won't be in such a rush to support them at that point- slow lingering death as their fans walk away Link to comment
Dynamo Posted October 17, 2012 Share Posted October 17, 2012 What we really need to see now is Lord Hodge make a statement or judgment on the Administration process then let BDO get on with investigating it and making their recommendations. The sooner the better. I'm not sure anyone will have the balls to unwind the sale of assets but then if its all been shown to be completely corrupt how can Green be allowed to carry on? We could really do with the FTT result coming out too so we can put an end to this nonsense being spouted about simple administrative errors etc etc. Then we have the SPL Commisions report to look forward too. :-) My predicition right now? - The Share floatation will either be stopped by the AIM or there will be so much doubt about it that it will fail- Then Green and co need to pump more money in to keep going OR put the club back into admin again to try and shed further debt, this time losing jobs and maybe assets too- If they come out of admin that time they'll have been set back years with what they will lose - The fans won't be in such a rush to support them at that point- slow lingering death as their fans walk away Sevco started up with no debt. What debt is this you speak of? Sounds a lot like wishful thinking. Link to comment
Pudgie Posted October 17, 2012 Share Posted October 17, 2012 Sevco started up with no debt. What debt is this you speak of? Sounds a lot like wishful thinking.Before they need a share issue, there is debt, or imminent debt. They need financial aid because they can't pay what they're paying without some extra piss in the pisspot. Link to comment
strachanmcgheegoal Posted October 17, 2012 Share Posted October 17, 2012 What we really need to see now is Lord Hodge make a statement or judgment on the Administration process then let BDO get on with investigating it and making their recommendations. The sooner the better. I'm not sure anyone will have the balls to unwind the sale of assets but then if its all been shown to be completely corrupt how can Green be allowed to carry on? We could really do with the FTT result coming out too so we can put an end to this nonsense being spouted about simple administrative errors etc etc. Then we have the SPL Commisions report to look forward too. :-) My predicition right now? - The Share floatation will either be stopped by the AIM or there will be so much doubt about it that it will fail- Then Green and co need to pump more money in to keep going OR put the club back into admin again to try and shed further debt, this time losing jobs and maybe assets too- If they come out of admin that time they'll have been set back years with what they will lose - The fans won't be in such a rush to support them at that point- slow lingering death as their fans walk away Green will do a private issue to as many gullible bearz as possible. Proceeds will pay off Ticketus with them/CW retaining deeds of Murray Park to make up the difference. Then expect the BK's to ride to the rescue with a capital injection for working capital thus giving them their cleansed club, Ibrox and absolutely no question of any link to either punishments or Link to comment
Admin Bebo Posted October 17, 2012 Admin Share Posted October 17, 2012 Was getting started on a hunco Halloween homepage but i've drawn a blank with the tag line, any suggestions? Link to comment
strachanmcgheegoal Posted October 17, 2012 Share Posted October 17, 2012 Bebo - And you thought Saville was f*cked? Link to comment
Pudgie Posted October 17, 2012 Share Posted October 17, 2012 Green will do a private issue to as many gullible bearz as possible. Proceeds will pay off Ticketus with them/CW retaining deeds of Murray Park to make up the difference. Then expect the BK's to ride to the rescue with a capital injection for working capital thus giving them their cleansed club, Ibrox and absolutely no question of any link to either punishments or Link to comment
Karl Fletcher Posted October 17, 2012 Share Posted October 17, 2012 Was getting started on a hunco Halloween homepage but i've drawn a blank with the tag line, any suggestions? There has to be a zombie joke in their somewhere. In 2012, the undead will walk among us..... Link to comment
strachanmcgheegoal Posted October 17, 2012 Share Posted October 17, 2012 OK BKs refuse to hand over anything. Newco mk11 has assets but zero trading history so no lines of credit. Newco mk11 has assets (Ibrox and team, and yes their precious f*cking history) but no cash as called in by creditors of newco mk 1 namely Green, Whyte and Ticketus. So where do they get cash for their operations, especially loss making operations? Not another share issue? Shirley? (This is why if the bearz were smart they actually wouldn't sucker into this floatation but then if the bearz were smart.....) Green knows this and if the bearz are smart he's f*cked, albeit they'll need to play fast and loose with their club for a wee while whilst Green threatens to play the Tesco-plus-attractive-flats card. Whyte knows that eventually the bearz will cave, to save their club, but won't be stung twice three times for a fourth time hence his timing now. Link to comment
V for Vendetta Posted October 17, 2012 Share Posted October 17, 2012 Sevco started up with no debt. What debt is this you speak of? Sounds a lot like wishful thinking. No they didn't. The takeover completed based on a private loan that the club is obliged to pay.. Green made this clear during the takoever bid. They are accruing new debts all the time due to the large expenditure of the club. They have transfer debts still to pay to other football clubs I believe. There is also the question of the ownership of the assets and the floating charges associated with those. So no, they are definately not debt free in the true sense. Let me put it this way if they have no debts building why have the share offer now? What is the money for?They don't need to spend on facilities and can't buy players. Link to comment
tup Posted October 17, 2012 Share Posted October 17, 2012 They are also mooting the sale of the naming rights for sevconia so it's fairly obvious that, reading between the lines, they have some very serious problems with cashflow. Link to comment
noodle Posted October 17, 2012 Share Posted October 17, 2012 Is this right then... Green is effectively employed by Ticketus as ...Green is on the Newco board along with 2 Zeus Capital employees. Zeus Capital likely funded buying the club from Duff and Phelps and so Green is in effect the public face of Zeus Capital who now own Newco. Zeus Capital is part owned by Octopus who also happen to own Ticketus.Ticketus have now paid out around Link to comment
muttonhumper Posted October 17, 2012 Share Posted October 17, 2012 Is this right then... Green is effectively employed by Ticketus as ...Green is on the Newco board along with 2 Zeus Capital employees. Zeus Capital likely funded buying the club from Duff and Phelps and so Green is in effect the public face of Zeus Capital who now own Newco. Zeus Capital is part owned by Octopus who also happen to own Ticketus.Ticketus have now paid out around Link to comment
The Boofon Posted October 17, 2012 Share Posted October 17, 2012 Magical What a fucking ticket. Link to comment
Karl Fletcher Posted October 18, 2012 Share Posted October 18, 2012 Delighted that story is in the Mail, some of the comments Future drug dealer/murderer in the making there. Link to comment
robbojunior Posted October 18, 2012 Share Posted October 18, 2012 Magical What a fucking ticket. Ivybridge? What the fuck are huns doing down this neck of the woods. I'm off to firebomb the cunts. Link to comment
NorthernLights24 Posted October 18, 2012 Share Posted October 18, 2012 It really is time for a new thread. Continue the fun here -> Link to comment
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