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The All New Sevco Back in Yer Bin Thread; Taking out the trash
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Topic Started: 29 Apr 2018, 04:24 PM (2,087,069 Views)
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Torquemada
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2 May 2018, 11:48 AM
Post #1001
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Off treasure hunting in Holland
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The resignations are to make room for the huge money investors who will be announced shortly, copyright the folgensie folgensie turd polishers.
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SloppyJoe
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2 May 2018, 11:48 AM
Post #1002
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I'd guess that Gerrard will be getting confirmed this Thursday or Friday after he finishes his commitments to BT and I can't wait to see what exciting and hilarious adventures they go through next.
He will have been promised that there was big money available for transfers, but will have to make do with free transfers, loans and cries to sign real rangers men like McBurnie.
He will have to negotiate 3 or 4 rounds of qualifying in the europa, all unseeded, starting mid July. A practically impossible task and when they get papped out he'll be under fire just as the league is getting under way.
There will be increased media attention from England, which is good for our game as it will hopefully attract higher viewers, but when it starts to go tits up more will see the huns for what they are. I don't see Gerrard leaving quietly like Warburton or Caixinha did and will reveal to all just how much of shambles that club really is.
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Ste
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2 May 2018, 11:49 AM
Post #1003
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- ronny_is_not_da_man
- 2 May 2018, 11:47 AM
Either they have stepped aside for new investors or shampoos about to hit the fan There was a post on here today about the board not wanting Gerrard as the manager and King is making the decision.
Are they just fed up with this now? Since it's their money thats paying the wages...
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lenobhoy
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2 May 2018, 11:51 AM
Post #1004
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Catch some light and it'll be alright
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To lose one director, Mr King maybe regarded as a misfortune; to lose two looks like carelessness.
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Luca
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2 May 2018, 11:52 AM
Post #1005
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Off treasure hunting in Holland
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- Hairytoes
- 2 May 2018, 10:50 AM
It is quite fascinating to look at the state Sevco are in, their attitudes & behaviours (which generally make things worse, rather than better). I think "obsessed", is going too far - but they are definitely fascinating for us.
BarcaBhoy's post doesn't ring true for me, I think they could be turned around for far less - but it's them themselves which will stop that from ever happening.
As said above, they can pick up guys who are good enough well within budget - Morelos was a good signing for them & they should target that market, rather than Russell Martin for example.
Look at Hibs & Killie, they've done great this season - from a very poor starting position & it's been well under any Sevco budget. Where can I read BarcaBhoy's post/blog? Can't see it anywhere...
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Luca
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2 May 2018, 11:53 AM
Post #1006
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Off treasure hunting in Holland
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- lenobhoy
- 2 May 2018, 11:51 AM
To lose one director, Mr King maybe regarded as a misfortune; to lose two looks like carelessness. Isn't this good for them? They want King out, no?
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Dannybhoy95
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2 May 2018, 11:56 AM
Post #1007
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- Darth Balls
- 2 May 2018, 10:44 AM
Spoiler: click to toggle REGULATORS have taken legal action to compel Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares.
It has emerged that the Takeover Panel has been granted a court order which also forbids any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there.
The Rangers chief has already been told that he is in breach of takeover rules by failing to make the bid.
Rangers International Football Club plc said it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK.
Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley.
It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers.
The Takeover Panel has now received what the courts have described as "certain orders" on April 24.
The Herald understands the orders were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money.
The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds.
Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4".
Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him.
During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless."
Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but so far it has not been forthcoming.
A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc to shareholders agreed that the original Laird announcement had not been "cash confirmed" by a third party as required by Rule 2.7(d) of the Takeover Code.
He said in a circular on April 4 that "this will be addressed promptly" after April 4 so that when the official offer to shareholders is made the cash to fund it will be ringfenced by a third party.
He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018".
RIFC plc said last week that it noted that the 28 days had expired "without the publication of a code-compliant offer document" and that it had been informed by the Takeover Panel "that this is a breach of Rule 24.1 of the code".
The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015.
But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming".
In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015.
But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share.
Lord Carloway on March 1 announced that a fresh appeal would be refused.
Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have t Could someone break this down for me?
See if King doesn't have that £11 million, what actually happens to sevco and when's the new deadline?
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tenerifetim
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2 May 2018, 11:56 AM
Post #1008
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- Luca
- 2 May 2018, 11:52 AM
- Hairytoes
- 2 May 2018, 10:50 AM
It is quite fascinating to look at the state Sevco are in, their attitudes & behaviours (which generally make things worse, rather than better). I think "obsessed", is going too far - but they are definitely fascinating for us.
BarcaBhoy's post doesn't ring true for me, I think they could be turned around for far less - but it's them themselves which will stop that from ever happening.
As said above, they can pick up guys who are good enough well within budget - Morelos was a good signing for them & they should target that market, rather than Russell Martin for example.
Look at Hibs & Killie, they've done great this season - from a very poor starting position & it's been well under any Sevco budget.
Where can I read BarcaBhoy's post/blog? Can't see it anywhere... here http://kerrydalestreet.co.uk/single/?p=30860414&t=11072431
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DhenBhoy
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2 May 2018, 11:57 AM
Post #1009
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Everyone's Fantasy Football first pick
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- SloppyJoe
- 2 May 2018, 11:48 AM
I'd guess that Gerrard will be getting confirmed this Thursday or Friday after he finishes his commitments to BT and I can't wait to see what exciting and hilarious adventures they go through next.
He will have been promised that there was big money available for transfers, but will have to make do with free transfers, loans and cries to sign real rangers men like McBurnie.
He will have to negotiate 3 or 4 rounds of qualifying in the europa, all unseeded, starting mid July. A practically impossible task and when they get papped out he'll be under fire just as the league is getting under way.
There will be increased media attention from England, which is good for our game as it will hopefully attract higher viewers, but when it starts to go tits up more will see the huns for what they are. I don't see Gerrard leaving quietly like Warburton or Caixinha did and will reveal to all just how much of shambles that club really is. From JJ's latest
- Quote:
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As I exclusively revealed on Twitter last night, Gerrard has three red-line items:
1. Image Rights. Should Lite manufacture a replica shirt with his name emblazoned on the back, he will demand a significant premium for his image rights.
Brand Gerrard is a superior brand to Brand Lite.
2. Transfer Budget: a minimum of £20m for each year of his three years contract.
3. A veto on Mark Allen’s cheapskate targets.
He wants these assurances in writing. When Mcinnes asked for the same he was fobbed off with a Skype call from King. McInnes walked away after that call. He knew that King was lying through his back teeth.
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spartacusthethird
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2 May 2018, 11:57 AM
Post #1010
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Dance as if no-ones watching, sing as if no-ones listening and live every day as if it was your last
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Rats and sinking ships spring to mind here.
It would be folly for a Director to remain in place when they go into administration as he would then be suspended from holding any future Directorships at anyother company.
On the other hand if he was to desert the sinking ship before the axe falls then he would be Barry Scott free to carry on as you were before.
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Green Ink
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2 May 2018, 12:03 PM
Post #1011
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Agent Gerrard will end up blowing his cover before he's even been inserted, behind enemy lines, with these demands.
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Greenock_Celt
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2 May 2018, 12:04 PM
Post #1012
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The game is over, the rebels have won.
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- DhenBhoy
- 2 May 2018, 11:57 AM
- SloppyJoe
- 2 May 2018, 11:48 AM
I'd guess that Gerrard will be getting confirmed this Thursday or Friday after he finishes his commitments to BT and I can't wait to see what exciting and hilarious adventures they go through next.
He will have been promised that there was big money available for transfers, but will have to make do with free transfers, loans and cries to sign real rangers men like McBurnie.
He will have to negotiate 3 or 4 rounds of qualifying in the europa, all unseeded, starting mid July. A practically impossible task and when they get papped out he'll be under fire just as the league is getting under way.
There will be increased media attention from England, which is good for our game as it will hopefully attract higher viewers, but when it starts to go tits up more will see the huns for what they are. I don't see Gerrard leaving quietly like Warburton or Caixinha did and will reveal to all just how much of shambles that club really is.
From JJ's latest - Quote:
-
As I exclusively revealed on Twitter last night, Gerrard has three red-line items:
1. Image Rights. Should Lite manufacture a replica shirt with his name emblazoned on the back, he will demand a significant premium for his image rights.
Brand Gerrard is a superior brand to Brand Lite.
2. Transfer Budget: a minimum of £20m for each year of his three years contract.
3. A veto on Mark Allen’s cheapskate targets.
He wants these assurances in writing. When Mcinnes asked for the same he was fobbed off with a Skype call from King. McInnes walked away after that call. He knew that King was lying through his back teeth.
£60 million
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liamdav06
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2 May 2018, 12:04 PM
Post #1013
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- DhenBhoy
- 2 May 2018, 11:57 AM
- SloppyJoe
- 2 May 2018, 11:48 AM
I'd guess that Gerrard will be getting confirmed this Thursday or Friday after he finishes his commitments to BT and I can't wait to see what exciting and hilarious adventures they go through next.
He will have been promised that there was big money available for transfers, but will have to make do with free transfers, loans and cries to sign real rangers men like McBurnie.
He will have to negotiate 3 or 4 rounds of qualifying in the europa, all unseeded, starting mid July. A practically impossible task and when they get papped out he'll be under fire just as the league is getting under way.
There will be increased media attention from England, which is good for our game as it will hopefully attract higher viewers, but when it starts to go tits up more will see the huns for what they are. I don't see Gerrard leaving quietly like Warburton or Caixinha did and will reveal to all just how much of shambles that club really is.
From JJ's latest - Quote:
-
As I exclusively revealed on Twitter last night, Gerrard has three red-line items:
1. Image Rights. Should Lite manufacture a replica shirt with his name emblazoned on the back, he will demand a significant premium for his image rights.
Brand Gerrard is a superior brand to Brand Lite.
2. Transfer Budget: a minimum of £20m for each year of his three years contract.
3. A veto on Mark Allen’s cheapskate targets.
He wants these assurances in writing. When Mcinnes asked for the same he was fobbed off with a Skype call from King. McInnes walked away after that call. He knew that King was lying through his back teeth.
£20M a year
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fatboab
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2 May 2018, 12:11 PM
Post #1014
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Just before the Dawn
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He wants a transfer budget of £20m a year?
From an annual turnover of £30m?
Hmmm.
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Ned Rise
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2 May 2018, 12:11 PM
Post #1015
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These boots were made for hunbustin'
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- liamdav06
- 2 May 2018, 12:04 PM
- DhenBhoy
- 2 May 2018, 11:57 AM
- SloppyJoe
- 2 May 2018, 11:48 AM
I'd guess that Gerrard will be getting confirmed this Thursday or Friday after he finishes his commitments to BT and I can't wait to see what exciting and hilarious adventures they go through next.
He will have been promised that there was big money available for transfers, but will have to make do with free transfers, loans and cries to sign real rangers men like McBurnie.
He will have to negotiate 3 or 4 rounds of qualifying in the europa, all unseeded, starting mid July. A practically impossible task and when they get papped out he'll be under fire just as the league is getting under way.
There will be increased media attention from England, which is good for our game as it will hopefully attract higher viewers, but when it starts to go tits up more will see the huns for what they are. I don't see Gerrard leaving quietly like Warburton or Caixinha did and will reveal to all just how much of shambles that club really is.
From JJ's latest - Quote:
-
As I exclusively revealed on Twitter last night, Gerrard has three red-line items:
1. Image Rights. Should Lite manufacture a replica shirt with his name emblazoned on the back, he will demand a significant premium for his image rights.
Brand Gerrard is a superior brand to Brand Lite.
2. Transfer Budget: a minimum of £20m for each year of his three years contract.
3. A veto on Mark Allen’s cheapskate targets.
He wants these assurances in writing. When Mcinnes asked for the same he was fobbed off with a Skype call from King. McInnes walked away after that call. He knew that King was lying through his back teeth.
£20M a year Their turnover for the year was only £29 million.
He won't be demanding anything like that.
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spartacusthethird
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2 May 2018, 12:13 PM
Post #1016
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Dance as if no-ones watching, sing as if no-ones listening and live every day as if it was your last
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- fatboab
- 2 May 2018, 12:11 PM
He wants a transfer budget of £20m a year?
From an annual turnover of £30m?
Hmmm.
...that leaves £50m for any overheads Declan. Do the math and ye'll no be so obsessed.
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Aycliffe Bhoy
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2 May 2018, 12:15 PM
Post #1017
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Everyone's Fantasy Football first pick
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- SloppyJoe
- 2 May 2018, 11:48 AM
I'd guess that Gerrard will be getting confirmed this Thursday or Friday after he finishes his commitments to BT and I can't wait to see what exciting and hilarious adventures they go through next.
He will have been promised that there was big money available for transfers, but will have to make do with free transfers, loans and cries to sign real rangers men like McBurnie.
He will have to negotiate 3 or 4 rounds of qualifying in the europa, all unseeded, starting mid July. A practically impossible task and when they get papped out he'll be under fire just as the league is getting under way.
There will be increased media attention from England, which is good for our game as it will hopefully attract higher viewers, but when it starts to go tits up more will see the huns for what they are. I don't see Gerrard leaving quietly like Warburton or Caixinha did and will reveal to all just how much of shambles that club really is. Not sure about the media coverage in England doing us any favours tbh. They are already tossing off about Stevie coming up here and strolling it. Not many quotes about Aberdenn,Hibs or Killie ffs it takes them all their time to say Celtic' it's usually Brendan Rodgers they use as an alias for Celtic.
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Archibald P Treadwhistle
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2 May 2018, 12:15 PM
Post #1018
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Somewhere between madness and love
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- Ned Rise
- 2 May 2018, 12:11 PM
- liamdav06
- 2 May 2018, 12:04 PM
- DhenBhoy
- 2 May 2018, 11:57 AM
Quoting limited to 3 levels deep
£20M a year
Their turnover for the year was only £29 million. He won't be demanding anything like that. He might demand it but he'll no' be getting it!
If, as it seems, he's at least actually considering taking the job, you have to wonder just what King has told him is available and how much of it is even remotely true.
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leangreen
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2 May 2018, 12:17 PM
Post #1019
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Jam today, liquidation 2 tomorrow.
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Forza
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2 May 2018, 12:18 PM
Post #1020
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The one thing Gerrard is already responsible for through no fault of his own is the increase in the amount of crap talked about them, and he's not even taken the job yet. I didn't even think that was possible.
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