John Clark Meets “The SFA”

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Tamjartmarquez 14th February 2016 at 9:39 am # Awoke this …

Comment on John Clark Meets “The SFA” by Allyjambo.

tamjartmarquez 14th February 2016 at 9:39 am # Awoke this morning to Radio 5 Sunday Breakfast, the female host was interviewing Ian Marshall an ex legend of the Parish of Leicester on todays meeting with Arsenal. A twee boys own story piece on everybodys favourite second team, until she announces  ‘of all the top leagues in Europe only Bayern Munich, PSV, and Rangers* have better or similar loss records! ‘  She did appear to struggle to read the last team out, as did I to keep my mouthful of cornflakes. But it appears Championship comes before Premier, not just alphabetically. A positive association the morning after a draw against tother wasps
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I would imagine this has to do with some BBC Sport database, where TRFC have been flagged as ‘important/significant’, or something similar, all in accordance with the BBC Scotland policy of whitewashing the truth, and dutifully accepted by the rest of the BBC. Key in ‘football stats’ or some such, and they (TRFC, as ‘Rangers’) will always be included.

It works! This stealth re-writing of an unwritten history.

Yesterday morning I visited a local car saleroom, here in Derbyshire, and the fact I was a Hearts supporter came up in conversation. The young salesman, to my pleasure, had a relatively good knowledge of how well Hearts had been doing and that they sat in 3rd place in the Premiership. He then mentioned how well ‘Rangers’ were doing this season, too. Not sure why he felt the need to mention them, but I suppose, if a particular club are having their name mentioned by the media more often than others, and their level of ‘success’ is hyped, while their true, rather lowly, position is glossed over, then the local populace will assume that that club is newsworthy on a sporting level, while their real newsworthiness remains lost ever since the low key announcement of their administration.  

However, when I mentioned that they were a new club, and that the original Rangers had died, his eyes kind of went blank and he looked rather bemused, as though I was talking gobbledygook, With rather important financial matters to discuss, and limited time available, the conversation ended, but it was perhaps an indication of how successful stealth misinformation can be! Understate the financial misdeeds and mismanagement, allowing it to disappear in the mists of time, while overstating the level of ‘success’ to keep their apparent relevance uppermost in the uninformed minds of the public!

Allyjambo Also Commented

John Clark Meets “The SFA”
On the rumoured Ticketus style deal with the most recent lenders to TRFC, regardless of the truth of the matter, I’d suggest to all members of the supporters organisations targeted as a source of funds by Kingco, that, in addition to security for any loans, they also insist on full details of any loans already made to the club with particular emphasis on how the loans are to be repaid. The members should all insist that the full details are made available to them all, and not just the organisations’ leaders. If these loans are to be funded by ST sales, or if any other form of security has been given, then the supporters should run a mile and take their money with them.

They should take this as an oportunity, at the very least, to take ownership, by way of a floating charge, of any heritable assets the club still has into the only safe hands the club would appear to have – their own! After first, of course, getting rid of the blazer hunters at the head of the organisations at the moment.

Regardless of supporters loans, unless the board give those details of how these new loans are structured, now might be a good time to organise another season ticket boycott, before they discover, that, in a rather perverse way, the proceeds from the STs they gleefully buy as this season draws to a close, have already been used to repay Big Mike.


John Clark Meets “The SFA”
Carfins Finest 14th February 2016 at 8:54 pm # I notice a few posts on Twitter tonight stating that the recent £6.5m loan was secured against season tickets for 2016/17 season. Whilst this is only rumour at this stage I would speculate that if this is indeed true then the Club/Company are in far more perilous financial state than I believed. It makes sense to me as there were no available assets to secure this sort of loan against and nobody in their right mind hands over £6.5m without some sort of collateral.
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It makes a certain amount of sense, as the board have stated that the loan is unsecured, and as we saw with the Ticketus claim, they were unsecured under Scots Law! It still seems incredible that anyone would lend to RIFC/TRFC unsecured, so, as I say, this latest rumour does make a certain amount of sense.

If it is true, I doubt King will be ‘jetting in’ all that often, if ever again! And that’s before we ask the question, how do they survive next season with reduced revenue from STs? Oh, and what chance a loan from the supporters organisations should they find this to be true?

Maybe one of our award winning journalists will stroll along to Ibrox and ask the question 07


John Clark Meets “The SFA”
John Clark 14th February 2016 at 7:27 pm 

 …I wonder whether Mr Ashley might consider himself to have been duped by a Prospectus based on ‘false assurances of continuity’ given to  new club by  Scottish  Football’s  ‘legislators and guarantors of sporting integrity’?Having seen the kinds of things we have seen thus far in the saga, nothing would surprise me! Oh, what fun just thinking about possibilities! 
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Might explain some of the insipid efforts of his counsel. Perhaps his aim has been to have certain facts discussed in court, rather than a genuine effort to win each individual case, to build a case in which he recoups all his lost share value, while maintaining his shares in RIFC, and all the deals he’s managed to secure via RR. Perhaps, even, just to re-affirm that, ‘no one messes with Big Mike!’ 

Or just plain old revenge!       


Recent Comments by Allyjambo

It Is Better To Offer No Excuse Than A Bad One
Big PinkJanuary 2, 2018 at 13:54 
AJI suspect the TDs are not from SFM folk (remember the ratings are available to all manner of trolls). It is a disgusting world-view if made in earnest. A shocking way to score a point if not.
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I didn’t, for a moment, suspect they were from anyone who posts here, even the more prolific troll posters are better than that, I am sure. 

For some time now I have had the feeling that there is someone, or some people, coming on here and just TDing a number of posts without bothering to read their content, either out of malice or as some sort of concerted effort on behalf of people with reason to dislike our message. It really is quite strange how, suddenly, a number of posts receive one, two or occasionally three thumbs down in very short order, and often posts like uth’s, that could offend no one, receive these petty TDs as a result. 

I can honestly say that I have never read anything from our regular, or occasional, posters that might suggest they would TD anything relating to that terrible day. I include, of course, all supporters of Celtic and RFC/TRFC who have, over the years, made their arguments on SFM. My experience of Celtic supporters talking of that day is one that leaves me certain in the knowledge that only the basest of their support (and we all have them) were not badly effected by the disaster and in full sympathy with the deceased, their families and the wider Rangers support. 

I can still remember that night, sitting in the Queens Arms in Edinburgh, watching the death count rising on the TV, waiting for one of our mates we knew was at the game, getting more and more nervous until he appeared. It had a lasting effect on me.


It Is Better To Offer No Excuse Than A Bad One
upthehoopsJanuary 2, 2018 at 08:52 29 2
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On this day in 1971, the Ibrox disaster happened during a Rangers v Celtic game at Ibrox. 66 fans died in a crush. Some of us remember that day, some of us may even have been there, while some of us would not even be on this earth at the time. We are all football fans. Nobody should go to a football match and never return home. Rest in Peace.
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Wow! I know we are not meant to put much store on the thumbs up or down, but two people have given thumbs down to this post! Who on earth could find fault with a post respecting the dead from the Ibrox disaster?

It kind of confirms my belief that there are people coming onto this site who don’t read the posts, but are assigned with the task of creating the appearance that there is some disagreement with posts that mostly criticise Rangers(IL) and TRFC and hit the TD button without thought.

Alternatively, of course, it could just be that others, like myself, have difficulty hitting the correct symbol on tablets or mobile phones, I certainly hope that is the case here.

Thanks to Upthehoops for reminding us of that sad day, something we should do every year as a mark of respect for those who died on Scottish football’s worst day.


It Is Better To Offer No Excuse Than A Bad One
DarkbeforedawnJanuary 2, 2018 at 03:48 
Stevie BC, the issue with declaring himself bankrupt is it stops him holding any director role in a company in the UK and possibly South Africa. I can’t see him doing that “for the sake of the club”. I think like Murray before him he likes the limelight. He knows very well the best option for the club would be resign as any acting party in the club and still provide the soft loans. It would take all scrutiny away from the club and could leave the chairman role to someone more respected such as Alistair Johnston. That would stop the risk of the TOP ruling having such a huge impact on the club. It’s the selfless and obvious choice to make and he could still be seen as the saviour from abroad saving the club through loans, but he wouldn’t get the same exposure he so much craves. His defiance is what will lead to his downfall and his selfishness could lead lead to the downfall of the club.
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DBD, though I used your above post to highlight the impossibility of separating club from company, I have to agree, to some extent, with the thrust of the post. While I am not sure that by declaring himself bankrupt that King could escape the wrath of the TOP and CoS, he isn’t going to do anything for the benefit of your club if it doesn’t benefit him, or save him, at the same time.

That said, however, King’s ‘ownership’ of the NOAL Trust was established in court to the judge’s satisfaction, and I doubt that he would get away with making further loans to RIFC plc through it or any other hidden avenue, once declared bankrupt. Indeed, despite my limited knowledge of bankruptcy laws, I am certain that King (or anyone else) can’t just announce bankruptcy and clear themselves of all fiscal responsibilities, they have to prove they have no money to meet their debts, and as far as we know, King doesn’t have any – and if he had, the court would make sure the funds in his NOAL Trust would be used to meet them, as far as possible, with, I am sure, an investigation into what other (disguised)investments he holds. One thing’s for sure, he would not be allowed to ‘lend’ any money to RIFC/TRFC, and, if he does, indeed, have substantial debts, his creditors might well force the return of his existing RIFC loans to meet his debts.

One thing’s for sure, the law will not allow someone to avoid the consequences of breaking the laws and regulations of the land by availing one’s self of the laws of bankruptcy! While a little tax cheating scrote like Barry Ferguson might get away with transferring his assets to his wife, just prior to receiving his tax bill, King and his money are already on the court’s radar and I doubt that even his Masonic connections would be enough to let him get away with further fraudulent behaviour.

Something I am sure of, and has to be considered before wondering if bankruptcy is a way out for both/either King or RIFC, and that is – you have to have debts that you demonstrably can’t meet before you can petition for bankruptcy. Unless King has very substantial debts, that outweigh, at least, the funds held in the NOAL Trust, then he has no grounds to declare himself bankrupt.


It Is Better To Offer No Excuse Than A Bad One
DarkbeforedawnJanuary 2, 2018 at 03:48 
Stevie BC, the issue with declaring himself bankrupt is it stops him holding any director role in a company in the UK and possibly South Africa. I can’t see him doing that “for the sake of the club”. I think like Murray before him he likes the limelight. He knows very well the best option for the club would be resign as any acting party in the club and still provide the soft loans. It would take all scrutiny away from the club and could leave the chairman role to someone more respected such as Alistair Johnston. That would stop the risk of the TOP ruling having such a huge impact on the club. It’s the selfless and obvious choice to make and he could still be seen as the saviour from abroad saving the club through loans, but he wouldn’t get the same exposure he so much craves. His defiance is what will lead to his downfall and his selfishness could lead lead to the downfall of the club.
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Hi, DBD, and a Happy New Year to you.

While your recent posts have been pretty good, showing a realistic approach to what’s happening at your club, might I ask how it could be that the chairman of RIFC’s selfishness, and I presume you include his dishonesty in that, could lead to your club’s downfall, if, as you’ve previously claimed, the club is separate from the company? Surely, in your belief structure, it would only be the company, TRFC Ltd, that would ‘fall down’, and the club would just sit around, responsible for none of the inherent financial chicanery of the ‘overspend our way to success’ ethos that permeates at Ibrox, until some new ‘football company’ is set up to carry the can again!

I know it’s a bit early in the year to reintroduce the OC/NC debate, but I am wondering if you’ve, perhaps, come to realise that the idea that a football club can, for some skewed reason, escape the consequences of it’s own greed, is pretty ludicrous?


It Is Better To Offer No Excuse Than A Bad One
ODDJOBJANUARY 1, 2018 at 13:42
Allyjambo,Thanks.I also suspect that the assignation of ” ra deeds” would provoke an angry response in some quarters
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And I suspect that the assignation of ‘ra deeds’, should it ever come to pass, might well be the last throw of the dice! What’s more, once any assets are used as security, it reduces the amount the current lenders are likely to get in the event of liquidation. It may well be that the directors, who are now refusing to give more loans, have, rather than reached the end of their free funds, decided that the lending has reached a level greater than, or close to, the total value of the group’s assets.

It’s one thing lending without security when in a position to ensure there is enough in the pot to, more or less, cover the amount of the loans, it’s an altogether different thing once someone else gets that security!

Whatever the accounts give as a value for the fixed and current assets, the directors will all have a very good idea of the realisable value of those assets (particularly the heritable asset value), and should total creditors begin to outstrip that value, they may well begin to wonder if it’s time to call in the administrators. Granting security over some of the heritable assets would only hasten the moment for unpleasant decisions.

If PMGB is correct in saying King is looking out for loans secured on the club’s heritable assets, then I am certain that the rest of the directors would carry out proper due diligence on the potential lenders before granting any security. Not that they have any dodgy characters in their midst, or anything, just that they are canny businessmen.


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