Happy Buddie Posted July 11, 2012 Share Posted July 11, 2012 Actually, there are 16 shares @ £1 each. I, and other posters, have long wondered whom the extra 4 shares belong to. Re. the Settlement Agreement - read the Clyde document from yesterday. The onlyway the SPL could avoid paying the £2m is by deliberately committing a breach of contract. The SFL could then send us all to Hell in a handcart. Are the 4 extra shares not just held as "bought in" shares would be in a normal plc, then in the event that the SPL is increased by 2 or 4 teams they would be issued, rather than having to go to the expense of creating new shares and being subject to the other financial nonsense that involves? 0 Quote Link to comment Share on other sites More sharing options...
Broccoli Dog Posted July 11, 2012 Share Posted July 11, 2012 I hope that Friday's meeting opens with Hutton proposing that they can ram their new reconstruction plan. 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted July 11, 2012 Share Posted July 11, 2012 Media House have been paid over £100,000 during D&P period of administration, money which should have went to creditors, to basically plant false stories in the MSM and bribe journalists. Who is behind this? I very much doubt that Media House "planted false stories" - Traynor et al are more than capable of achieving that themselves. It's more likely that they were there to prevent other stories getting out! 0 Quote Link to comment Share on other sites More sharing options...
Mabawsa_Ritchie Posted July 11, 2012 Share Posted July 11, 2012 Is there not a meeting at Hampden today? Thought I read on twitter this morning that the SFA/SPL/SFL board's presentation was today for the clubs, and the vote was on Friday. SFL Board meeting today. The outcome will be emailed (presumably) to member clubs later today which is in line with what the tabloids are saying - that's if the world doesn't end before then! :lol: 0 Quote Link to comment Share on other sites More sharing options...
rustyarabnuts Posted July 11, 2012 Share Posted July 11, 2012 Is there not a meeting at Hampden today? Thought I read on twitter this morning that the SFA/SPL/SFL board's presentation was today for the clubs, and the vote was on Friday. SFL board meeting now to discuss "financial " carrots(blackmailing) from SFA/SPL, to be voted on in Fridays SGM 0 Quote Link to comment Share on other sites More sharing options...
Coastspider Posted July 11, 2012 Share Posted July 11, 2012 and why are they flourishing? could it be they don't fork out stupid prices for overrated foreigners? and they utilise their own youth systems, the leagues in scotland can be a success but only if we stop paying silly money and look for cheap, up and coming talent Another reason , could be several years ago they looked at their product, and realised if they wanted to make progress in the european competition they would have to change to summer football, so when the early rounds take place they are mid season, unlike here were you some times think that the early rounds starting in july, are glorified pre season games.Also they are not the national sport of their country, unlike in scotland, so if they played on sunday they would lose out to the GAA, playing on saturday , they would at certain times of the season be im competition with the EPL, so the bulk of leaque game, are on a friday evening. 0 Quote Link to comment Share on other sites More sharing options...
Mon_The_Fife Posted July 11, 2012 Share Posted July 11, 2012 Diddy teams.... ASSEMBLEEEEEEEE!! 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted July 11, 2012 Share Posted July 11, 2012 From RTC :- Torrevieja Johnbhoy says: 11/07/2012 at 10:14 am rom Rangers Rumours. Anyone free?. Just heard that John Brown has set up a meeting at the Dakota Hotel, Eurocentral, at 2pm on Sunday with all supporters groups. He is going to explain what is happening at the club and his business plan for the future. Not sure who will be invited but I will keep you all posted when it has been confirmed. 0 Quote Link to comment Share on other sites More sharing options...
Dungolfin Posted July 11, 2012 Share Posted July 11, 2012 An official of Erededivisie Live , who televise Dutch Football , describes the much vaunted Sky deal as "paltry". Maybe instead of trying to gerrymander Newco into Div 1 to save Scottish Football , Messrs Doncaster,Regan and Longmuir might do better to enrol for a course offering an SVQ in negotiating proper TV deals. I think through the whole process they've shown that they can't negotiate worth a sh*t. From the start of the whole fiasco dealing with SPL clubs, chairmen, the media, fans and the SFL clubs they've had the sum total of f*ck all go their way. In fact every single proposal they've tried to push through has ended up in the bin. These are the people who 'run' Scottish football and SKY must laugh at them every time they leave the room. They simply don't believe in the product they're trying to sell and in fact talk it down at every opportunity. I can only imagine how pathetic they must be when they're begging SKY to please show our sh*t league on their wonderful channels in between the tiddlywinks and snooker. 0 Quote Link to comment Share on other sites More sharing options...
Sherrif John Bunnell Posted July 11, 2012 Share Posted July 11, 2012 Hopefully some of the creditors of the soon to be liquidated oldco will dispute the price that Ibrox/Murray Park etc were sold to Charles Green for. The main aim for administrators unable to keep a company operating as a going concern is to get the best return possible for the creditors of the company, be it with a CVA or the sale of assets. I'd imagine HMRC will be keen to question what Duff and Phelps were up to through the entire process. 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted July 11, 2012 Share Posted July 11, 2012 (edited) Ibrox etc. are only worth what someone will pay for them. If Green was indeed the highest bidder (and no-one seems to be disputing that) then the administrators can't be faulted. Yes they can. There are many cases where administrators couldn't get a decent price for assets in the company at a particular time, so they hold onto them, get a management team in to run the thing while markets improve etc. The Bank of Scotland when a major creditor in a company that went under was well known for taking this approach. The Balmoral Hotel in Edinburgh was one, which was run on their behalf for a good few years and then sold to Forte I think. Duff & Duffer were under pressure to sell, all of their own making, with little cutting of costs they artificially created a deadline. Hopefully on their heads be it. . Edited July 11, 2012 by thelegendthatis 0 Quote Link to comment Share on other sites More sharing options...
Broccoli Dog Posted July 11, 2012 Share Posted July 11, 2012 They simply don't believe in the product they're trying to sell and in fact talk it down at every opportunity. I can only imagine how pathetic they must be when they're begging SKY to please show our sh*t league on their wonderful channels in between the tiddlywinks and snooker. I'm just picturing a scene in my head right now of Neil Doncaster giving a presentation on Dragons Den. 0 Quote Link to comment Share on other sites More sharing options...
Sherrif John Bunnell Posted July 11, 2012 Share Posted July 11, 2012 I'm just picturing a scene in my head right now of Neil Doncaster giving a presentation on Dragons Den. 0 Quote Link to comment Share on other sites More sharing options...
Disco Duck Posted July 11, 2012 Share Posted July 11, 2012 Yes they can. There are many cases where administrators couldn't get a decent price for assets in the company at a particular time, so they hold onto them, get a management team in to run the thing while markets improve etc. The Bank of Scotland when a major creditor in a company that went under was well known for taking this approach. The Balmoral Hotel in Edinburgh was one, which was run on their behalf for a good few years and then sold to Forte I think. Duff & Duffer were under pressure to sell, all of their own making, with little cutting of costs they artificially created a deadline. Hopefully on their heads be it. . Different circumstances - BoS would have had a fixed charge over the hotel so it would have transferred directly to them, rather than being held by administrators. 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted July 11, 2012 Share Posted July 11, 2012 It may be that the board forced the Chairman to change his voting intentions once his ownership of Rangers shares was revealed by Thomson, in which case Thomson has nothing to apologise for. By the way, I've been assured by people who know that my theory above is bollocks, and that Berwick always intended to vote for Div 3. Thomson should apologise for getting it wrong, but not for highlighting the possible conflict of interest in having Rangers shareholders voting on the fate of Sevco. 0 Quote Link to comment Share on other sites More sharing options...
Mark Connolly Posted July 11, 2012 Share Posted July 11, 2012 I think I have finally worked it out. Neil Doncaster and Stewart Regan are heading a consortium to buy Rangers. Their backers are Duff and Phelps, and the Daily Record. It all makes sense. 0 Quote Link to comment Share on other sites More sharing options...
Johnstoun Posted July 11, 2012 Share Posted July 11, 2012 I'm just picturing a scene in my head right now of Neil Doncaster giving a presentation on Dragons Den. 'If you don't invest in my electronic wanking machine I have projected that the crops in Wisconsin will fail next year, there will be an 18 vehicle pile up on the M1 in 2014, and your children's nipples will fall off.' 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted July 11, 2012 Share Posted July 11, 2012 Different circumstances - BoS would have had a fixed charge over the hotel so it would have transferred directly to them, rather than being held by administrators. Thanks. You're right. Just want to get them pinned with everything going. Suspect there will be enough left even without this one. 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted July 11, 2012 Share Posted July 11, 2012 (edited) Just checked visitor stats on http://honestyinsport.weebly.com/ 3,800 unique visitors the first day, 4,500 plus on day 2. With the big day (NO, not the 12th) looming on Friday 13th. I will be suggesting on the site what we can do to get our views across to all the key players. Will post something up here and also on http://honestyinsport.weebly.com/ tomorrow afternoon. I am aiming for 3.30pm Keep your Thursday evening and Friday morning free! We need you Linked in Twitter account https://twitter.com/ManOnABike2 so will update that also. Edited July 11, 2012 by thelegendthatis 0 Quote Link to comment Share on other sites More sharing options...
Happy Buddie Posted July 11, 2012 Share Posted July 11, 2012 From RTC :- Torrevieja Johnbhoy says: 11/07/2012 at 10:14 am rom Rangers Rumours. Anyone free?. Just heard that John Brown has set up a meeting at the Dakota Hotel, Eurocentral, at 2pm on Sunday with all supporters groups. He is going to explain what is happening at the club and his business plan for the future. Not sure who will be invited but I will keep you all posted when it has been confirmed. Typical Rangers grandstanding, a five-star hotel, (is he planning an overnight stay?) you can take the boy out of Rangers, etc, etc. Could they not book a room at a Lodge in Govan, or even use a suite at Ibrox.......oh, no......wait...... . 0 Quote Link to comment Share on other sites More sharing options...
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