aDONisSheep Posted January 15, 2015 Share Posted January 15, 2015 It looks like I'm in a minority of one, that thinks this is actually not that bad news for SevcoRangersFranchise FC (SRF FC). On the one hand, it could flush out 'RangersMen' triggering a takeover, on the other, SRF FC have gained valuable working capital, which might enable them to re-structure to a mors sustainable business model. I'm pretty sure that Lloyds had a floating charge with DeadRangers (when they were still going), that could have crystalised against The Govan Shytyard, had it been required. It's by no means clear what the end game is, but this wailing and gnashing of teeth, is a little too dramatic for my taste. Yours aDONis 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted January 15, 2015 Share Posted January 15, 2015 But King was going to start the proceedings for an EGM to get rid of Ashley? He has control of the board room?! Nonsense. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted January 15, 2015 Share Posted January 15, 2015 It looks like I'm in a minority of one, that thinks this is actually not that bad news for SevcoRangersFranchise FC (SRF FC). On the one hand, it could flush out 'RangersMen' triggering a takeover, on the other, SRF FC have gained valuable working capital, which might enable them to re-structure to a mors sustainable business model. I'm pretty sure that Lloyds had a floating charge with DeadRangers (when they were still going), that could have crystalised against The Govan Shytyard, had it been required. It's by no means clear what the end game is, but this wailing and gnashing of teeth, is a little too dramatic for my taste. Yours aDONis This £10 million hasn't been accepted yet, has it? 0 Quote Link to comment Share on other sites More sharing options...
Jambomo Posted January 15, 2015 Share Posted January 15, 2015 This £10 million hasn't been accepted yet, has it? And how long will £10m actually last them? Who knows what needs paid off. 0 Quote Link to comment Share on other sites More sharing options...
aDONisSheep Posted January 15, 2015 Share Posted January 15, 2015 This £10 million hasn't been accepted yet, has it? I don't think so. There is still time for others to come in and help finance SevcoRangersFranchise FC. I'm not even sure the figure (£10m) has been confirmed yet, so it could be less or more. The fact is that there is going to be some 'facility' that will allow SRF FC to continue trading, and if I were a Sevconian, I'd try to see this from a business point of view, not just an emotional.... BIGHOOSE cludgie kind of way. Yours aDONis 0 Quote Link to comment Share on other sites More sharing options...
Kyle Posted January 15, 2015 Share Posted January 15, 2015 27,462 posts .... What a strange insult. 27,000 posts in 10 years doesn't equate to that much in a day. Just under 11,000 in less than 3 years though... Ooft. 0 Quote Link to comment Share on other sites More sharing options...
O'Kelly Isley III Posted January 15, 2015 Share Posted January 15, 2015 I'm lost and bored in equal measure. 0 Quote Link to comment Share on other sites More sharing options...
Podlie Posted January 15, 2015 Share Posted January 15, 2015 What a strange insult. 27,000 posts in 10 years doesn't equate to that much in a day. Just under 11,000 in less than 3 years though... Ooft. Quantity over quality. 0 Quote Link to comment Share on other sites More sharing options...
Forever Diamond Posted January 15, 2015 Share Posted January 15, 2015 And how long will £10m actually last them? Who knows what needs paid off. It would be fun if the £10m only lasted them long enough to when the £3m loan needs paid back...They default,he calls in the other loan and he owns the lot. 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted January 15, 2015 Share Posted January 15, 2015 Are you sure, have you checked the sub forum .... they keep it hidden, no ghuests allowed while they seethe ... Anyone have a link to that party? 0 Quote Link to comment Share on other sites More sharing options...
1320Lichtie Posted January 15, 2015 Share Posted January 15, 2015 You live in a slum with a mail-order bride Where do you get one of them from mate?!? No had a ride for a couple of month. 0 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted January 15, 2015 Share Posted January 15, 2015 (edited) Chris Graham says this is the final straw.....lol http://m.bbc.co.uk/sport/football/30827483 Edited January 15, 2015 by Sting777 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted January 15, 2015 Share Posted January 15, 2015 Maybe they can use the £10 mill to pay back that guy who own's Newcastle..I forget his name.. 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted January 15, 2015 Share Posted January 15, 2015 Can they use part of the £10m to pay back Ashley's £3m in April? What a mess. King is having his arse handed to him which is pleasing. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted January 15, 2015 Share Posted January 15, 2015 Not so much seethe or anger on SevcoMedia, more out and out dejection. Pleasing. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted January 15, 2015 Share Posted January 15, 2015 Simply keeping a firm grip and ensuring King and the Gummy Bears pay top dollar while he keeps the parts he wants? Else: He has that fucking much wealth .. he doesn't give a toss and is having a laugh after they tried shafting him .. I'd prefer the latter ... I'll stick with my pet theory that once upon a time Mike Ashley was having a nice relaxing soiree with a few pals when the ambience of the evening was disturbed by the entrance of some pissed-up Bears in full volume WATP mode and that he thought 'right,from now on I'll amuse myself by dedicating a few minutes each day to making life as shit as possible for you scummy twats' 0 Quote Link to comment Share on other sites More sharing options...
RedRob72 Posted January 15, 2015 Share Posted January 15, 2015 I think we are watching a master class of how unscrupulous businessmen like Ashley work, providing a relatively small loan to a struggling business then gradually lending more, taking security over the assets, until everything the business owns is effectively owned by him, shutting out any prospective saviours. He can then use, or crush, the business as he sees fit. Why would he want to crush it, after taking full control of the club? 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted January 15, 2015 Share Posted January 15, 2015 http://www.bbc.co.uk/sport/0/football/30706619 from the 7th Rangers have assured the Scottish Professional Football League that they are not heading for administration despite their current financial troubles. Ibrox chief executive Derek Llambias was called to a meeting at Hampden on Tuesday to clarify the situation. That followed news of a late tax bill and the club revealing they need more cash before the end of the month. On Tuesday, Rangers rejected American Robert Sarver's £18m buy-out offer. The banker was hoping to take over the club but Rangers International Football Club insisted his bid undervalued the Championship outfit. On Monday, Rangers' football chairman Sandy Easdale loaned the club £500,000 to avoid a winding up order In a statement to the Stock Exchange, the club also confirmed they require fresh funding by the end of January. does this mean this was already on the table at this point ? did Cockwomble know this was to happen ? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted January 15, 2015 Share Posted January 15, 2015 Adonis, You'll find that there are a few of us who a see Ashleys involvement as a, potentially, positive long term outcome for the Blue Brigade. At least in their sustainability to compete at the top end of domestic leagues. What seems to rile the knuckledraggers is the idea that, heaven forbid, anyone, other than thew club can make money from the marketing mix when they like to assume it all goes on big signings for their glory hunting. They'll all be back once the leaner Sports Direct Rangers become a genuine challenger in the small pond that is Scottish Fitba. 0 Quote Link to comment Share on other sites More sharing options...
AyrshireTon Posted January 15, 2015 Share Posted January 15, 2015 Presumably this move slips under the "owning too much of two clubs" rule of the SFA's. 0 Quote Link to comment Share on other sites More sharing options...
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