Florentine_Pogen Posted February 8, 2018 Share Posted February 8, 2018 (edited) 19 minutes ago, bennett said: Apparently .................. Come on Bennyboy, you can do better than that....... BTW, any idea why tonight's Sevco v. Sellik Glasgow Cup game at Auchencraigwhytehowie has been mysteriously cancelled at the last minute??? A jolly craicster of my acquaint has suggested it is because Sevco may have "forgotten to pay the leccie bill". Shoorely not. Edited February 8, 2018 by Florentine_Pogen 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 8, 2018 Share Posted February 8, 2018 44 minutes ago, Florentine_Pogen said: Come on Bennyboy, you can do better than that....... BTW, any idea why tonight's Sevco v. Sellik Glasgow Cup game at Auchencraigwhytehowie has been mysteriously cancelled at the last minute??? A jolly craicster of my acquaint has suggested it is because Sevco may have "forgotten to pay the leccie bill". Shoorely not. It's been repossessed dear reader. -1 Quote Link to comment Share on other sites More sharing options...
The DA Posted February 8, 2018 Share Posted February 8, 2018 1 hour ago, bennett said: It's been repossessed dear reader. ^^^ITK ^^ 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted February 8, 2018 Share Posted February 8, 2018 10 hours ago, Ross. said: I would agree with what you are saying based on the link posted. That said, Close getting involved again would worry me if it was my club they were involved with. It would have been far better to keep this in house again and extend versus the existing directors, if possible. While the devil will obviously be in the detail, Close previous for getting involved in this sort of thing lends support to the arguments that things likely are as bad as some of the more biased commentators have suggested. It's a small facility by both Rangers' standards and Close Bros' standards and I really don;t see what the fuss is about - apart from the usual P&B curtain-twitching drama-queenery. I did steady but profitable business with Close in the mid to late 80s providing them with IT 'shite' . They resisted 'the big bang' but were equally unaffected by Black Monday.. I have an affection for Close, Cazenove and NM Rothschild as they maintained an independent stance and provided me with commission whilst other clients like BZW and Morgan Grenfell went down the shitter. So, an independent merchant bank with a strong balance sheet and almost as much history as 'us' providing structured finance? Point out where I should be worried. 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted February 8, 2018 Share Posted February 8, 2018 Anybody know what this perfectly normal, small amount of cash is for yet? 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted February 8, 2018 Share Posted February 8, 2018 19 minutes ago, Romeo said: Anybody know what this perfectly normal, small amount of cash is for yet? Face painting party? 1 Quote Link to comment Share on other sites More sharing options...
Flybhoy Posted February 8, 2018 Share Posted February 8, 2018 2 Quote Link to comment Share on other sites More sharing options...
nsr Posted February 8, 2018 Share Posted February 8, 2018 40 minutes ago, Romeo said: Anybody know what this perfectly normal, small amount of cash is for yet? Corruption and bribery is my guess. 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted February 8, 2018 Share Posted February 8, 2018 Corruption and bribery is my guess. You'll be getting lawyers letters if you're not careful.... 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted February 9, 2018 Share Posted February 9, 2018 9 hours ago, The_Kincardine said: It's a small facility by both Rangers' standards and Close Bros' standards and I really don;t see what the fuss is about - apart from the usual P&B curtain-twitching drama-queenery. I did steady but profitable business with Close in the mid to late 80s providing them with IT 'shite' . They resisted 'the big bang' but were equally unaffected by Black Monday.. I have an affection for Close, Cazenove and NM Rothschild as they maintained an independent stance and provided me with commission whilst other clients like BZW and Morgan Grenfell went down the shitter. So, an independent merchant bank with a strong balance sheet and almost as much history as 'us' providing structured finance? Point out where I should be worried. The fact that the directors who were previously willing and able to offer low/no interest loans are now either unwilling or unable to do so, and instead you are taking up a facility with a company who are specialists in, amongst many things, offering structured finance to distressed companies, is not a good sign to me. I deal with Close on a semi regular basis as it happens, though in a completely different line of finance to what is being discussed here. Like any Organisation of that size it can be hit or miss depending on who you have to speak to. 0 Quote Link to comment Share on other sites More sharing options...
Stellaboz Posted February 9, 2018 Share Posted February 9, 2018 When your regular bank isn't giving you an overdraft, you should be worried. 0 Quote Link to comment Share on other sites More sharing options...
PhilMaHole Posted February 9, 2018 Share Posted February 9, 2018 12 hours ago, The_Kincardine said: It's a small facility by both Rangers' standards and Close Bros' standards and I really don;t see what the fuss is about - apart from the usual P&B curtain-twitching drama-queenery. I did steady but profitable business with Close in the mid to late 80s providing them with IT 'shite' . They resisted 'the big bang' but were equally unaffected by Black Monday.. I have an affection for Close, Cazenove and NM Rothschild as they maintained an independent stance and provided me with commission whilst other clients like BZW and Morgan Grenfell went down the shitter. So, an independent merchant bank with a strong balance sheet and almost as much history as 'us' providing structured finance? Point out where I should be worried. The part where knocking back £8m shows how financially strong Rangers are, when at the same time arrange a £3m loan with Wonga secured against assets that King said he would never do and that the 'spivs' were crucified for doing likewise...and the part in the last financial results were King via NOAL promised to cover any shortfall ,and the financial future of the club being dependent on European football. I'd be worried about that. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 9, 2018 Share Posted February 9, 2018 How comes sevco have get to loans from directors rather than a bank loan or overdraft? They asked... How comes sevco have to get a bank overdraft or loan rather than a loan from a director? They asked.... -2 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted February 9, 2018 Share Posted February 9, 2018 They are also asking...'why don't sevco try living within their means?' 4 Quote Link to comment Share on other sites More sharing options...
Romeo Posted February 9, 2018 Share Posted February 9, 2018 How comes sevco have get to loans from directors rather than a bank loan or overdraft? They asked... How comes sevco have to get a bank overdraft or loan rather than a loan from a director? They asked.... Point 1 - no normal bank would touch them.Poor 2 - the directors have had enough and now the have to go to a "lender of last resort"Let me know if I can help you out with anything else. 2 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted February 9, 2018 Share Posted February 9, 2018 1 hour ago, bennett said: How comes sevco have get to loans from directors rather than a bank loan or overdraft? They asked... How comes sevco have to get a bank overdraft or loan rather than a loan from a director? They asked.... How come bennett won’t go to a game? They asked.... 3 Quote Link to comment Share on other sites More sharing options...
mjw Posted February 9, 2018 Share Posted February 9, 2018 ....those child abuse posts won't post themselves.. 4 Quote Link to comment Share on other sites More sharing options...
bennett Posted February 9, 2018 Share Posted February 9, 2018 41 minutes ago, Romeo said: Point 1 - no normal bank would touch them. Poor 2 - the directors have had enough and now the have to go to a "lender of last resort" Let me know if Philip can help you out with anything else. Fixed that for you. Please donate. -2 Quote Link to comment Share on other sites More sharing options...
Romeo Posted February 9, 2018 Share Posted February 9, 2018 Fixed that for you. Please donate. Who the f**k is Philip? 0 Quote Link to comment Share on other sites More sharing options...
PhilMaHole Posted February 9, 2018 Share Posted February 9, 2018 4 hours ago, bennett said: How comes sevco have get to loans from directors rather than a bank loan or overdraft? They asked... How comes sevco have to get a bank overdraft or loan rather than a loan from a director? They asked.... Because no bank would touch them. Because the Directors are skint and you've had to secure it against assets. 0 Quote Link to comment Share on other sites More sharing options...
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