shull Posted April 27, 2015 Share Posted April 27, 2015 The Secrets of Sports Direct Channel Four Tonight at 8. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted April 27, 2015 Share Posted April 27, 2015 Serious question: How does 4 (?) payday loans in a season not count as an Insolvency event? Because the loans prevented/delayed insolvency events. That's pretty much the point of them. 0 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted April 27, 2015 Share Posted April 27, 2015 (edited) Jeez, even looks like Wealth Off The Radar is having doubts about Glib and Shameless!!!! http://www.dailyrecord.co.uk/sport/football/football-news/keith-jackson-biggest-storm-yet-5589631 Edited April 27, 2015 by Sting777 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted April 27, 2015 Share Posted April 27, 2015 Because the loans prevented/delayed insolvency events. That's pretty much the point of them. I get that, only when you have a large number of them in such a short space of time doesn't it point to an insolvent business? 0 Quote Link to comment Share on other sites More sharing options...
graeme_p Posted April 27, 2015 Share Posted April 27, 2015 There is a difference between trading insolvently and an insolvency event. Rangers are trading insolvently as they do not have sufficient working capital to meet immediate liabilities. Hence the need for short term loans to use as working capital. An insolvency event is when that working capital is not available and a creditor triggers the event by taking the company to court for non-payment. 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted April 27, 2015 Share Posted April 27, 2015 There is a difference between trading insolvently and an insolvency event. Rangers are trading insolvently as they do not have sufficient working capital to meet immediate liabilities. Hence the need for short term loans to use as working capital. An insolvency event is when that working capital is not available and a creditor triggers the event by taking the company to court for non-payment. Thanks. it still seems that the SFA/SPFL are crossing their fingers and hoping that it all works out beofre they have to actually do something 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted April 27, 2015 Share Posted April 27, 2015 Thanks. it still seems that the SFA/SPFL are crossing their fingers and hoping that it all works out beofre they have to actually do something but,scottish football needs the rangers. 0 Quote Link to comment Share on other sites More sharing options...
shull Posted April 27, 2015 Share Posted April 27, 2015 Doink 0 Quote Link to comment Share on other sites More sharing options...
greyman Posted April 27, 2015 Share Posted April 27, 2015 but,scottish football needs the rangers. #JeSuisSevco 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted April 27, 2015 Share Posted April 27, 2015 Shull 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted April 27, 2015 Share Posted April 27, 2015 Thanks. it still seems that the SFA/SPFL are crossing their fingers and hoping that it all works out beofre they have to actually do something They probably are but at the moment there's no rule against standing on the precipice of administration so there's little they could do to interfere with the situation. And, if you put the identity of the club that happens to be in financial distress in this case, that's should seem about right. Punishing clubs for something they appear likely to do before they actually do it would be peculiar justice indeed. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted April 27, 2015 Share Posted April 27, 2015 However, preventing it with a stern word or carefully thought-out regulations does not seem to be the SFA or SPFL's forte. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted April 27, 2015 Share Posted April 27, 2015 However, preventing it with a stern word or carefully thought-out regulations does not seem to be the SFA or SPFL's forte. The sporting sanctions for financial collapse are principally retributive as opposed to preventative measures. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted April 27, 2015 Share Posted April 27, 2015 I think the SFA/SPFL will be desperately hoping that when Rangers/The Rangers/Sevco finally indisputably cease to exist, the whole thing will be safely "somebody else's fault". Ashley's the ideal scapegoat, really. Rich enough that he couldn't care less about financial losses, or threats and intimidation from The People. 0 Quote Link to comment Share on other sites More sharing options...
akredz Posted April 27, 2015 Share Posted April 27, 2015 I'd imagine that is exactly what they're hoping, nsr, but, I suspect that if they rule DK as not being FAPP, he's going to use that as an excuse/reason why he can't invest. If the subsequent financial carnage carries the Sevco caravan over the cliff, DK et al will blame the authorities. 0 Quote Link to comment Share on other sites More sharing options...
MEADOWXI Posted April 27, 2015 Share Posted April 27, 2015 One of the funniest of the failed listing on ISDX is that they always mention that is where Arsenal are listed. Cannot believe they have the front to mention Arsenal shares.... Today the main man at Arsenal bought 2 shares for over £30K.... Spending that on Sevco shares and getting each share as a bit of paper means toilet paper for life. 0 Quote Link to comment Share on other sites More sharing options...
EdinburghBlue Posted April 27, 2015 Share Posted April 27, 2015 Normally I would have nothing nice to say about Queen of the South, but have to say I will be jealous if they have the privilege on 13 May to put Sevco out of business. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted April 27, 2015 Share Posted April 27, 2015 Normally I would have nothing nice to say about Queen of the South, but have to say I will be jealous if they have the privilege on 13 May to put Sevco out of business. Ah, you like us really. I was disappointed with your result at the weekend. As it is, I really do get excited at the prospect of getting a shot at putting Rangers in their place in such a huge match with such high stakes. I actually struggle to see us beating them over two legs though. I'd feel much the same about Hibs, although they maybe do have that brittle quality that would make me slightly more optimistic. Either way, we'll be up against it though. 0 Quote Link to comment Share on other sites More sharing options...
graeme_p Posted April 27, 2015 Share Posted April 27, 2015 Anyone watching 'The Secrets of Sports Direct' on C4?.Leaves no doubt what motivates Ashley. He is in it for the money. Which for sevco is a good thing. He needs the club alive to get his hands on a new income stream. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted April 27, 2015 Share Posted April 27, 2015 Anyone watching 'The Secrets of Sports Direct' on C4?. All pretty disgusting actually. Such employment practices should not be acceptable in this country. 0 Quote Link to comment Share on other sites More sharing options...
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