Sevco Thread

[ZeroTolerance]

They appear to have also broken every rule in the book regarding Financial Fair Play but seem to be outwith the remit of the football authorities, either domestically or otherwise.

 

Surely there is a case for the FBI to investigate this? They have ripped off many people in Scotland, for substantial sums of money.

 

Financial fair play rules don't apply to lower league clubs who have not qualified for any UEFA competition.

 

There are already a number of criminal investigations into Rangers and there have been several arrests - Craig Whyte; Paul Clark, David Grier and David Whitehouse from Duff and Phelps; and Gary Withey from Collyer Bristow. Those cases focus on the Whyte takeover, I suspect that's not the end of it.

[ollie1903]

When Derek leaves...and he will...Paul Hartley will be his replacement , Ollie's "in the know" call of Sheerin is complete nonsense...AFC have appointed drunks before...Ebbe and Pele...once bitten twice shy.

Who mentioned Sheerin?

[tup]

I'd rather Ed Sheerin as manager than Paul.

[ollie1903]

I'd rather Ed Sheerin as manager than Paul.

That would just be, ridiculous

[The Boofon]

That would just be, ridiculous

Written the guy off before he's signed singed . Terrible attitude.

[tup]

We can hardly have a convicted drunk driver as manager of the Dons.

 

It's all about the integrity at the highest level.

[ZeroTolerance]

We can hardly have a convicted drunk driver as manager of the Dons.

 

It's all about the integrity at the highest level.

 

Quite right. Pity we didn't hold to that a few years back ....

 

[tup]

He looks relatively non-jakey there.

[vanderark14]

Rangers chairman Dave King has held talks with Mark Warburton over the manager's vacancy at Ibrox and the former Brentford boss's appointment is expected next week despite competition from Valencia coach Ian Cathro, former Nottingham Forest boss Billy Davies and Aberdeen's Derek McInnes. (Daily Mail)

 

Translates as "we won't be hiring the guys who would require compensation".

 

brilliant, the daily ranger making it sound like these guys are all interested in the job, the huns will lap that shite up as well

[tup]

Billy Davies would be perfect for the implosion to come.

 

It would all descend into delicious anarchy very quickly.

[strachanmcgheegoal]

Smart money on McCall to continue as manager cos they either can't afford anyone else, or no-one with half a brain would entertain going to a fucking disaster zone of a club.

 

Well in young Robbo. Saved me typing it.

 

Edit: although re the latter part, I seem to have lost my picture of tangoman. Can somebody help out?

[tup]

I thought McCall did OK when he went there, certainly as well as could be expected *

 

 

 

 

 

* by normal folk, not huns.

[thedandydon]

Makes you wonder why no-one from within AFC has come out and rubbished these reports linking McInnes though. Are they all on their jollies?

[tup]

It would actually give the report credence to do that.

 

It has no credibility whatsoever, hence no comment.

[BWG]

I dont think they'll allow McCall to continue. He failed to gain them promotion and the huns are too thick to see past that.

[Bamber]

Smart money on McCall to continue as manager cos they either can't afford anyone else, or no-one with half a brain would entertain going to a fucking disaster zone of a club.

 

 

http://sport.stv.tv/football/clubs/rangers/1322685-dave-king-holds-talks-with-stuart-mccall-for-rangers-manager-job/

[Tord31]

I can see it now 'all of the candidates we spoke to Stuart was the most passionate' etc 'laid out the best vision for the club' etc

[tup]

I dont think they'll allow McCall to continue. He failed to gain them promotion and the huns are too thick to see past that.

 

I think he would have been appointed had Motherwell not been the team to totally destroy them.

 

He came across as little boy lost as the team he resigned from tore his heroes to shreds.

[ZeroTolerance]

 

 

McCall is part of a five-man shortlist for the position, which is believed to include Mark Warburton, Derek McInnes, Ian Cathro and Billy Davies.

 

A 5-man shortlist, 4 of which haven't actually applied for, or expressed any interest in, the job

[Tord31]

so youve got compensation issues for Cathro and McInnes.

 

Warburton involves bringing Weir.

 

so by default Davies or McCall working with the existing backroom staff is the cheap option.

 

Sensible to go for a cheaper option in any event while they continue to run down the contracts of McCoist (December?) and McDowell (January?)

[BWG]

 

I think he would have been appointed had Motherwell not been the team to totally destroy them.

 

He came across as little boy lost as the team he resigned from tore his heroes to shreds.

Very possible. When you're pumped 6-1 by a team that in theory you should know better than anyone it doesn't say much; but then again when you've got people like Ricky Foster in your squad it's hard to beat anything that remotely resembles a professional football team.

[Redforever86]

 

 

http://sport.stv.tv/football/clubs/rangers/1322685-dave-king-holds-talks-with-stuart-mccall-for-rangers-manager-job/

Fuck me, they talk some amount of shite.

 

Hope they get McCall. As others have said the Huns see him as a failure which will lead to less season ticket sales and an ever decreasing pot of cash.

 

The only negative is McCall probably knows some half decent Scottish players who would still be daft enough to sign for them.

[tup]

McLeish would be their best bet, he would get them up anyway.

[Herouali0]

Felix Magath?

[Clydeside_Sheep]

Well in young Robbo. Saved me typing it.

 

Edit: although re the latter part, I seem to have lost my picture of tangoman. Can somebody help out?

I agree its likely to be McCall too - would be v satisfiying as a massive anti-climax for the Orcish Horde to swallow.

[Clydeside_Sheep]

I can see it now 'all of the candidates we spoke to Stuart was the most passionate' etc 'laid out the best vision for the club' etc

Aye, the Orcs wont be happy but they will be pacified with some "the big and really realest of the real rangers men" type guff.

[ZeroTolerance]

Statement from Big Mike in advance of EGM.

 

 

As you will know MASH has requisitioned a general meeting of shareholders of Rangers International Football Club Plc (Rangers Plc) to be held as it considers that there are various matters that are of importance both to Rangers Plc and its group companies and to its shareholders, that should be discussed with the new Board of Rangers PLC (the New Board). Some of those matters are clear from the various questions set out in the Notice of General Meeting dated 26 May 2015, but MASH thought that it would be helpful, after consulting with Sports Direct, to provide some further background and context as follows:

MASH was surprised and concerned as to the speed with which, following the general meeting held on 6 March 2015, Rangers Plc was delisted from AIM.

MASH had relied upon Mr. David King’s various public statements that that there was a NOMAD willing to come in to act for Rangers Plc (subject to the customary checks). Clearly, at some stage in the NOMAD appointment process, it became clear to the New Board that the potential NOMAD was not satisfied with its investigations of Rangers Plc.

The key question is when exactly did this happen and what steps did the New Board take as part of normal contingency planning to consider alternative NOMADs and engage with the AIM Regulator so as to ensure that the AIM listing was preserved?

Crucially, did the New Board leave it all to the very last minute and were then left with no viable alternative? The consequence of what happened is that Rangers Plc no longer has a public listing, nor is it subject to the AIM regulatory rules which is all the more important in circumstances where the new Chairman of the New Board has, as is a matter of public record, been prosecuted for and admitted liability in respect of various criminal offences in South Africa, resulting in the payment then of approximately £44 million to cover liabilities and fines in South Africa.

Rangers Retail Limited Joint Venture (Rangers Retail): Whilst the contractual arrangements relating to the Rangers Retail joint venture are covered by confidentiality provisions, there are some matters that are non-confidential:

1. At the relevant time, it would not have made commercial sense for RFC to finance its own retail operation, nor did it have all the necessary retailing expertise to do so. It recognised that its expertise should lie in the running of a football club, not in the running of a retail organisation.

2. RFC chose to partner with the most successful sports retailer in the UK market. Sports Direct has proven retail prowess, significant buying power and a far reaching distribution network.

3. Prior to entering into the Sports Direct joint venture, it is understood that RFC had entered into a 10 year joint venture with JJB Sports as its retail partner.

4. RFC benefits not only from goods and merchandise sold in the Ibrox Megastore and online, but also from sales of Rangers goods and merchandise sold in Sports Direct retail stores and on the Sports Direct website

Sports Direct notes from the recent voting advice statement issued by the new Board on 3 June 2015 that the New Board are saying that there has been: “a continued and dramatic reduction in income generated by retail operations”.

Sports Direct is of the opinion that there is no basis for this statement whatsoever, and invites the New Board (subject to complying with confidentiality obligations) to explain in detail the facts behind this statement.

Sports Direct remains of the view that profits can be increased at Rangers Retail through more focused budgeting and ordering of products and that the historic profitability of Rangers Retail has been badly affected by the over ordering of products in the past and the opening of additional retail stores outside of the Ibrox Stadium.

In Sports Direct’s experience, the ordering of products should reflect the football league in which RFC operates and standalone stores outside of the main stadium are rarely profitable.

It should not be forgotten that at the end of the day, Sports Direct is not a bank, it is a supportive business partner and it entered into £10 million loan facility with RFC on the basis of providing much needed financial support at the relevant time.

As has previously been announced, this loan facility was entered into together with other contractual documents to bolster that joint venture relationship, but it was always drawn on the basis, at least as far as Sports Direct is concerned, of being a short term loan facility that RFC would be incentivised to repay and restore its shareholding in Rangers Retail back to what it had previously been.

That is why if, nevertheless the New Board and the shareholders of Rangers Plc believe that the current shareholding in Rangers Retail of 75% Sports Direct and 25% RFC is too generous to Sports Direct, then the solution is simple.

RFC is fully entitled at any time to repay the current £5 million loan to Sports Direct and revert back to the prior shareholding in Rangers Retail of 51% RFC and 49% Sports Direct.

This would also result in the release of security over: (i) the Rangers’ brands owned by RFC; (ii) the Murray Park training ground; (iii) the Albion Street car park; and (iv) Edmiston House; and also release RFC from the current restrictions preventing it from being able to provide security over the Ibrox stadium without the prior consent of Sports Direct

[Clydeside_Sheep]

One of the less retarded Huns writes:

 

https://rangerssupportersloyal.wordpress.com/2015/06/10/wake-up-call/

 

(most of them are in complete willful denial and denigrate anyone who dares question the la-la-land scenario King is seducing them with).

 

And Ashley has released a statement, wanting his £5m back:

 

http://www.dailyrecord.co.uk/sport/football/football-news/mike-ashley-issues-statement-outlining-5857906?_sm_au_=iVVLFNrlq0sl76rs

 

The EGM is on Friday, the Record will be doing a live blog from it.

[tup]

Oooft. Nice one Mike Ashley.

 

Bang on the money.

[Bamber]

Oooft. Nice one Mike Ashley.

 

Bang on the money.

 

 

My "guess" on the next few weeks

 

• The shareholders will vote against Ashley
• Ashley will then ask that in line with the terms of the loan that he nominates 2 to the board via an EGM based on the comments regarding King and the SA authorities and wanting to ensure his money is "safe" as there is no NOMAD to watch over them
• EGM will vote against ashleys nominations
• Ashley will nominate two others
• EGM will vote against
• This cycle may repeat or Ashley will call in his loans

just a guess mind

 

H