Skudbook Posted April 11, 2013 Share Posted April 11, 2013 I've just been told by the son of a Sevco shareholder that they're just about to go into administration. Funnily enough, I met him in the bookies sticking £100 on Rangers to go into administration at 30/1. Insider knowledge? where do you get prices on that in the high st? 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 11, 2013 Share Posted April 11, 2013 To be fair I never picked up on the 2 different Sevco`s, most of us if we are honest missed this too, the assets were indeed sold directly to Sevco Scotland, just another example of Green`s dodgy dealings coming to light, no doubt at all he was at it. I think you should be saying, Tedi, "IF the assets were indeed sold direcly to Sevco Scotland". So far, I reckon there's too much water-muddying going on from all sides. The club, remember, stated that the assets went from rangers-sevco5088-sevcoscotland. It's an inviting wee straw, to be sure, at a time when Craigy Boy has come back into the picture, but I'm not sure it's wise to clutch it just yet. As posted earlier, both Whyte and Green are obvious charlatans with the morals of stoats, but no matter how many companies they've fucked up and no matter how many times they've been caught on the fiddle, neither of them tends to end up with empty pockets. There's a lot of interested parties still seeking to claim what they feel is their due, and I can see two places that money will come from. One is your new club, and the other is the holding company where the share money is. The only certain thing at the moment is that m'learned friends haven't finished milking the cash-cow that is your club's death and attempted resurrection just yet. 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted April 11, 2013 Share Posted April 11, 2013 Seriously some of the rumours are hilarious. Why would we be going into administration? Seriously wise up. 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted April 11, 2013 Share Posted April 11, 2013 I think you should be saying, Tedi, "IF the assets were indeed sold direcly to Sevco Scotland". So far, I reckon there's too much water-muddying going on from all sides. The club, remember, stated that the assets went from rangers-sevco5088-sevcoscotland. It's an inviting wee straw, to be sure, at a time when Craigy Boy has come back into the picture, but I'm not sure it's wise to clutch it just yet. As posted earlier, both Whyte and Green are obvious charlatans with the morals of stoats, but no matter how many companies they've fucked up and no matter how many times they've been caught on the fiddle, neither of them tends to end up with empty pockets. There's a lot of interested parties still seeking to claim what they feel is their due, and I can see two places that money will come from. One is your new club, and the other is the holding company where the share money is. The only certain thing at the moment is that m'learned friends haven't finished milking the cash-cow that is your club's death and attempted resurrection just yet. I've shown you the proof, the club got sold directly to Sevco Scotland Whyte cant go after any of Rangers asset's. What he can do though is go after Charles but it wont have an effect on Rangers whatsoever. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 11, 2013 Share Posted April 11, 2013 Seriously some of the rumours are hilarious. Why would we be going into administration? Seriously wise up. I've got absolutely no idea. Why would they not? Quite a few people made a killing last time round, after all. Oh, and the share money's tucked away safe as well. 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted April 11, 2013 Share Posted April 11, 2013 Seriously some of the rumours are hilarious. Why would we be going into administration? Seriously wise up. 100% correct. More likely straight to liquidation. And bookies wouldn't pay out on the 30/1. 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted April 11, 2013 Share Posted April 11, 2013 100% correct. More likely straight to liquidation. And bookies wouldn't pay out on the 30/1. Why would we though? You don't actually know do you? You just seen a rumour and believed it straight away didn't you? 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted April 11, 2013 Share Posted April 11, 2013 I've just been told by the son of a Sevco shareholder that they're just about to go into administration. Funnily enough, I met him in the bookies sticking £100 on Rangers to go into administration at 30/1. Insider knowledge? You would be lucky to get a bookie taken that bet, unless the person placing it was a well known loser. It's hard enough getting a £50 bet on...bookies are only there for the FOBTs machines. I rest my case. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 11, 2013 Share Posted April 11, 2013 I've shown you the proof, the club got sold directly to Sevco Scotland Whyte cant go after any of Rangers asset's. What he can do though is go after Charles but it wont have an effect on Rangers whatsoever. You showed us a scanned page, with the bit you want to hear highlighted. No attribution or declaration of source. If that's the best you can do, you may be interested in my Forth/Erskine Buy One Bridge Get One Half-Price Offer. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 11, 2013 Share Posted April 11, 2013 Wunf has been up since 7am checking every twitter account, forum and rabid tic blog website for news, he is waiting on the 3PM press announcement from Ibrox. Must be close to 3pm now surely. f**k me, a Deadline! More to the point, a Missed Deadline! FAO Tedi : have a look back a couple of months before Okey Dokey Day to see what this is referring to. HTH. 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted April 11, 2013 Share Posted April 11, 2013 You showed us a scanned page, with the bit you want to hear highlighted. No attribution or declaration of source. If that's the best you can do, you may be interested in my Forth/Erskine Buy One Bridge Get One Half-Price Offer. Here is an extract from the D&P interim report dated 10 July 2012: "4.1 The Club continued to trade under the control of the Joint Administrators up to the date of the sale of the business and assets of the Company to Sevco on 14 June 2012." "Sevco" is defined in the report as: "Sevco Scotland Limited of Ibrox Stadium, Glasgow G51 2XD (Company number SC425159)" In the D&P final report dated 27 September 2012, they stated: "7.1 A detailed outline of the marketing process undertaken by the Joint Administrators which preceded the sale of the business, history and certain assets of the Club to Newco on 14 June 2012, was provided in the previous report to creditors dated 10 July 2012." "Newco" is defined in this report as "The Rangers Football Club Limited (Formerly Sevco Scotland Limited) of Ibrox Stadium, Glasgow G51 2XD (Company number SC425159)" I also showed you this which shows you everything you need to know Norris. Anyone can mark my words on this the whole things a non story. All Whyte can do is go after Charles and with Whyte's reputation as a conman he's certainly not likely to win any court case. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted April 11, 2013 Share Posted April 11, 2013 No they weren't our assets were sold to Sevco Scotland, not to Whytes sevco 5088. Have you not been paying attention? Sevco5088 was created by Green, Whyte had nothing to do with it. (Not legally, anyway.) Here is an extract from the D&P interim report dated 10 July 2012: "4.1 The Club continued to trade under the control of the Joint Administrators up to the date of the sale of the business and assets of the Company to Sevco on 14 June 2012." "Sevco" is defined in the report as: "Sevco Scotland Limited of Ibrox Stadium, Glasgow G51 2XD (Company number SC425159)" In the D&P final report dated 27 September 2012, they stated: "7.1 A detailed outline of the marketing process undertaken by the Joint Administrators which preceded the sale of the business, history and certain assets of the Club to Newco on 14 June 2012, was provided in the previous report to creditors dated 10 July 2012." "Newco" is defined in this report as "The Rangers Football Club Limited (Formerly Sevco Scotland Limited) of Ibrox Stadium, Glasgow G51 2XD (Company number SC425159)" D&P may say what they like for reasons of simplification and/or expediency but that's not what happened. The assets were originally acquired by Sevco5088, an English registered company, before being transferred to Sevco Scotland, a Scottish registered company which then changed its name. Matbe it should have stayed as an English company, then The Rangers might have had a better chance of running away to England 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted April 11, 2013 Share Posted April 11, 2013 I've just been told by the son of a Sevco shareholder that they're just about to go into administration. Funnily enough, I met him in the bookies sticking £100 on Rangers to go into administration at 30/1. Insider knowledge? The club, the company, the holding company or the 'institution'? 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted April 11, 2013 Share Posted April 11, 2013 Have you not been paying attention? Sevco5088 was created by Green, Whyte had nothing to do with it. (Not legally, anyway.) D&P may say what they like for reasons of simplification and/or expediency but that's not what happened. The assets were originally acquired by Sevco5088, an English registered company, before being transferred to Sevco Scotland, a Scottish registered company which then changed its name. Matbe it should have stayed as an English company, then The Rangers might have had a better chance of running away to England I'm sure D&P knew who they sold the club to and they said they sold it directly to Sevco Scotland. I know sevco5088 was created by Charles but they weren't the ones who bought Rangers. 0 Quote Link to comment Share on other sites More sharing options...
As We Rise Again Posted April 11, 2013 Share Posted April 11, 2013 It was also quoted in the IPO prospectus that the assets went directly to Sevco Scotland. The most important thing is that it means Whyte has no claim against the club. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 11, 2013 Share Posted April 11, 2013 I've shown you the proof, the club got sold directly to Sevco Scotland Whyte cant go after any of Rangers asset's. What he can do though is go after Charles but it wont have an effect on Rangers whatsoever. Why even bother taking him seriously, it doesn't matter whats posted - if it doesn't suit his warped agenda on Rangers then he'll rubbish it. The guys a weirdo who should be mocked and not taken seriously by anyone. 0 Quote Link to comment Share on other sites More sharing options...
Jamie_B Posted April 11, 2013 Share Posted April 11, 2013 Does it actually say "directly" though. The assets were bought by Sevco Scotland, but there's nothing in those documents that I see that rules out definitively that the assets went through Sevco 5088 on their way to being owned by Sevco Scotland. What we do have, however, is a spokesman for the club/company definitively stating at the time of the sale that the assets were initially bought by Sevco 5088 before being transferred to Sevco Scotland. Why would the club make such a definitive statement at the time of the sale if that wasn't what they were doing? And if it did go directly to Sevco Scotland what was the benefit to the club of publicly stating something different? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 11, 2013 Share Posted April 11, 2013 Heeheehehehehehehehehe look at me everyone, look at me hehehehehe Hiya Wisbit son. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted April 11, 2013 Share Posted April 11, 2013 (edited) I'm sure D&P knew who they sold the club to and they said they sold it directly to Sevco Scotland. I know sevco5088 was created by Charles but they weren't the ones who bought Rangers. OK We will have to agree to differ. I have been doing some more research and was surprised to discover that there is indeed a link between Sevco5088 and Whyte. ( Or may be.) I didn't know he was involved with Green in the beginning. It's all very curious and just goes to show what these corporate rogues get up to. Time will tell. ETA Found this which vindicates my memory of events if nothing else. A spokesman for Rangers confirmed that there had been a transfer of assets between one newco and a second separate newco. He told STV: "For the avoidance of doubt, Sevco 5088 Limited bought the assets of the Rangers Football Club and then transferred them to Sevco Scotland Limited so that all the assets would be in the Scottish registered company that is Rangers FC." (Thanks to CB.) Edited April 11, 2013 by cyderspaceman 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted April 11, 2013 Share Posted April 11, 2013 Haven't been following this thread as it's full of roasters. But weren't Rangers sold to sevco Scotland who Whyte has nothing to do with and not sevco 5088 ( whytes ) So how could Whyte possibly claim he owns any part in Rangers? The guys a conman and a complete bullshitter. It's quite funny all of a sudden all of this shit has came out when we've won the league and look like we're starting to get back on track then the mhedia brings out this shite. Yip and you became one more of these roasters on here who support The Clone Rangers. 0 Quote Link to comment Share on other sites More sharing options...
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