FinnesTON

Yup ! having two teams using their financial muscle to weaken the rest hoovering up all the promising players thats how they operated in the past. Then the punch and Judy show bond together in any vote and we know the blazers the the SFA will do whatever the two cheeks want.

They should have offered that at the beginning of the season when Sevco still looked to have a chance of winning the thing.

I apologise firstly if I omit some of the players in the growing monthly 'short term' funding gap or timeline of events but lets see if we can display the concern When the first reports of the pockets were empty when Charlie or one of the many others there was a 1.5 million loan proposed to some Wonga mob that Latham covered. Then after that was sorted or if that was part of a chain reaction that brought MA to the table and he had a £3million, these were unsecured then Sandy Easdale covered the tax bill in January with that money secured against the sale of MacLeod to Brentford. The next short term issue brought in MA £5m secured loan with the option of another £5M if it was required and secured against the stadium. So they effectively paid off MA unsecured loan with MP and other assets for £2m. Just to show what an Uber robber baron MA is, he reoffered the 2nd tranche with even more unpalatable terms and conditions now the 1.5 from the 3B. Now in under 3 years not only have they spent the 70million raised the debt has grown, they have lost control of revenue streams and assets to MA and to pay the tax bill they sold a player under value. I am amazed at the fingers in the ears, eyes closed shouting We are the peepul to drown out the reality of the situation given the same methodology brought them to this point.

Given you all made an issue of the proposed secured loan proposal that included ibrokes yet are are content to have this 'spiv' have ultimate control over various assets for a relatively small sum. When you were all buying shares Ashley secured the assets why ? Because he doesn't have to own or run the thing to make money which is his ultimate goal, if he's making money from your club thats money that is not going to you. He can hold sway with this loan to ensure any contract with the club continues to benefit him and he can obviously ask for the return when it suits him not your club meaning he could if you were financially struggling ( as if ? ) he could potentially stick the boot in. MA is not known for his generosity he does things that benefit him, not Sevco, not you, not the countless employees of SD, he is ruthless and has the funds to piss all over you. I am afraid at this time Ashley has you by the baws when and how hard he squeezes you cannot determine. You really need to see whats in front of you, its like the wife watching Hollyoaks and her questioning why it's not up for a BAFTA. No wonder people laugh.

The other thing that is prevelent to the discussion and another laughathon for the 411 clubbers and other assorted Diddy team patrons of the thread is that we have only spectated through the omnishambles their own support with the boycott has accelerated the plight of the clumpany, ORChestrated by King Dave. He got them to view him as the prefered option and he has repaid them by GTF to SA when it was obvious the finances of the club required this action. Not one of the guys on here have questioned Why they need the loan ? If it was needed why didn't King offer any funds ? Then the usual questions of how long will this money last ? Will it see them through until the ST money comes in ? The proposed share issue raising £14 million is that not a spittle in the puddle of the 70million they have already devoured like an extra in the Walking Dead ? The other thing being eventually the they will run out of the worthless shares and then they'd need to dilute but if they are not on the AIM and still spending like Viv Nichols then they won't be worth much. What happens after that money is gone ? There is no way to sustain those losses unless you cut costs and lay yourself open to being a spiv by the next charlatan who sees an opportunity for a quick buck using the same tried and tested methods. It's like watching a drowning man who swims to various lifebelts only to discover they were mirages.

A coconut for the winner and a ST prospectus at ibrokes for the losers. The irony of Potless Murray castigating the mismanagement of others while the business is only kept going with another loan from others while King is where SA, did he leave his wallet and had to go back for it.

New Orc alert One major obstacle is what is the only asset that hasn't already been secured ? So not feasable since thats the line in the sand. The more pertinent question is why didn't King loan the funds being the major architect in the continued debacle. Ashley's 5m is secured against MP and Edmiston car park that is his bargaining chip, his shares and with some of the others can block another share issue, so I imagine that MA will agree to that for another deal with the merchandise , he'll hang onto the assets just incase you go belly up and he will remain the secured creditor . The 1.5m will cover the wages due this week and other running costs but where is King again he knew the cupboard was bare and the others dutifully obliged and even if the 3 Bears (what a shit name) have more money to put in they were obviously expecting King to put his hands in his pockets also. I would say it is a worry that the much heralded takeover who promised big things but are short on evidence, again you should be asking questions rather than defending these guys. How long does the 1.5 m last if it does't take you to the ST money comes in what happens next ? When will King announce his investment as this will be the lynchpin to the others following suit. If you get de-listed and have a share issue who under writes it, what likelihood of any outside investors jumping in ? You have gone through £70 million in the blink of an eye and sinse that has dried up the business has relied on those loans secured against the assets. Ask questions at your tainted entity of a club rather than those who are pointing and laughing at your subservience to the Glib and shameless.

But this is the 2012 Sevco not the imitation Sevco all you obsessed shout about , It's all about Sevco.

But wasn't it those affiliated to Murray who forced the EGM ? Given the hostility at the AGM previously. Ok they tried to negate the opposition by moving it to London but then the supporters didn't bat an eye when they were involved in EBT's or not paying VAT in its previous entity, so if it was DK who did this they would be heralding it as a masterstroke. The other flaw is that King and Murray were both involved in previous administrations and must have sat on their hands but this is the usual ironic lying shitefest we have come to be associated with Sevco5088.

For us delisting would produce another endless cycle of mirth, with King claiming lots of stuff from the Minty book of Orc Fables, for anyone who has shares and thinking of reinvesting in more shares when they inevitably have another issue to fleece the gullible then effectively you are giving DK the dosh and letting him spend it without any real say or an independent looking over his shoulder. Was the review that took 120 days not to fulfil the requirements of the Nomad for the AIM on transparency and to put strategies for the viabillity of the business as a going concern. You could go back to the Murray era but then you'd have to find a bank willing to prop you up without any real chance of a return unless you do another Ticketus deal and sink the place. The real question is forget all the nonsense of 500k support and the worlds biggest club bullshit and get to the nitty gritty of a realistic apprasial of income streams and expenditure and then have a real examination of who will fund that shortfall in the future. Remember you already had £70million from 2 share issues in 3 years and that money is gone so is that sustainable ? Even in the 2nd tier success is not guaranteed and anyone of the age who remembers the pre-Murray era will know there is a volume who deem that unacceptable. So that means no point in peering down south with envy at their TV deals or indeed Europe as with the past success in terms of staying in the competition has been rather unreliable and thats when you were cheating the tax system and you'd still be putting on the Punch & Judy show with your nearest and dearest rival. So if you continue to spunk the £ forget the AIM, your best option is finding a giant money tree at the bottom of the garden.

Tedi=This guy

Well Dave is Glib and Shameless we did warn you.

Fairplay to the 3 bear guys I'd only be loaning enough to keep the doors of the Big Hoos open as well. They are no doubt thinking when you put your hand in your pocket so will we . So where is King's money after all this was a planned hostile takeover so you would have thought the finances would have been organised to step in. It looks like the gullible will be financing Sevco in the medium term but is that enough ? it wasn't before in their previous guise, so it will limp along for another while before someone either finds a financial cure or put to sleep. Dave King 'good guy'

Is this an admission of a new club then ? Rangers weren't relegated they died and from the grave arose the decomposing corpse called Sevco.

Looks like you'll be in the front of the queue to renew your seething ticket.

I don't remember any of the Jambo's shouting about revenge and how they were going to make others pay or how they would laugh when they all went bust due to the absence of the now defunct entity of Rangers. Well the only club to have suffered administration in that period not because of the death of 1873 Rangers but an unscrupulous owner (hey you haven't got exclusive rights after all) but they were still in a better state than your Invasion of the Bodysnatchers FC, clownshoe of a club with all the money you've squandered yet again. How long until the delisting ?

I can see they have congratulated Hearts fans celebrating their club securing the Championship in March in their usual customary sporting tradition that dates back to 2012. Remember it is the first time Sevco supporters have faced this scenario, it's ok for supporters of well established clubs who know about winning and losing league titles but this is a new experience. After wading through the seaside leagues they dreamed of emulating such footballing giants as Gretna, so this is a novelty of them and they aren't accustomed to playing against teams that are mostly full time. We should have a little more understanding for their plight afterall they are an Uber Diddy team.

The funniest thing about this is they blame Craigy boy as he was a shyster but then they have voted in and defended King who gained control will similar dubious methods and his credentials are impeccable, so he says. It has to be the perfect fit, the glib and shameless leading the gullible sheepul.

They really should have photoshopped him as the Terminator or is that King ? This is such a farce it would give the Importance of Being Ernest a run for it's money.

No thats what you were showing as a loss but by that time the bank was holding assets and you had utilised the tax scheme. Right so this amazing business was with all these positives sold for how much was it ? A £, its another myth and the delisting at the AIM will be another encounter with creative accountancy. At least if you stayed on the AIM King or AN Other might have someone looking over their shoulder. One dubious owner, but your clubs collects them like pokemon trading cards warned about Minty and his dodgy schemes not to similar to what Ashley did but Sir David of Mint was a pur Rangurs Man, then Whyte with his untold wealth, so you think while everyone else was telling you to air on the side of caution, only Rangurz Men were taken in. Then Chucky, not as if there wasn't the same warnings from supporters in Sheffield, ok different club this time, but the same dupes , creamed off another £70 million from the eternal gullible, when the cupboard was bare invited Ashley. Now its almost back to the start with King grabbing the club for cheap with promises of great things. Even after the Cardigans run in Europe and the Cup runs you still made a loss, so if you made a loss then what would you have needed to do to break even. Now the new version 3 years well almost 3 and have spent what ? how much are you losing a month ? if the SPL was that profitable you wouldn't keep bleating about join the EPL along with the other cheek. As for owning the club and if you want fan power that won't be given by DK, your best hope is remaining in the AIM as there he will be scrutinised exactly what he's doing to the club.

The old firm does not exist it is something else it maybe just as repulsive but its a knock off, an imitation, a rouse. Still thats being pedantic and in no way should lessen Hearts who were relegated due to a points deduction due to financial mismanagement but took their medicine and accepted it. It is all the more remarkable when you think that your clubs triumph did not include upwards of blowing £70 million in the process. I think the style of play has also been impressive well done the Jambo's edited due to a sticky spacebar

More revisionist pish it doesn't matter what you did then, where is the money coming from and you had a well established set up thats not now. Feck lets ignore whether you have the money to cover the wages and tax bill for the month when you can contemplate running out to the CL music, no wonder you're a laughing stock.

Doesn't matter a fook what Walter spent, it was someone elses money and when that well dried you went defunct. You are now playing the part of a pish stained jakey who is downing White Lightening and pretending he's quaff presseco from a crystal flute. Can't believe after blowing over £70 million to extract yourselves from the uber diddy team leagues and broke you want to repeat the same scenario again and again. With whose money ? As for 2018 or 19 it won't be Sevco5088 it will be Sevco5090 by that time if you continually squander money, DK hasn't put one penny in or announced anything yet here we go on another Ricardo Montablan Fantasy Island episode.

Did the previous entity not try that with Le Guen and the players went in a huff since then was there not one of their imports recently (think it was Faure) in an interview made light of the extra chips and sauces and the short periods of training. That was when they were a plodding dinosaur now they are celebrating draws against part timers at Mordor.

We don't need any encouragement in laughing at Sevco. Ranjurz Media for this pish.