Comment on Past the Event Horizon by redetin.
Thanks to all who have done the research, followed up the stories and written the blog and posts. It’s done a great service for those of us who mainly read the findings.
Happy Christmas to all.
redetin Also Commented
Past the Event Horizon
Kicker Conspiracy says: (26)
November 22, 2013 at 12:06 pm
No1 Bob says: (55)
November 22, 2013 at 11:55 am
A company’s brokers are there to ensure that a market place exists to trade the company’s shares and this includes those times when there is no immediate buyer.
Usually, a broker does not hold shares. He charges a fee on every buy or sell that he arranges.
A trader on the other hand risks money on shares he holds. He makes his money on the difference between buy (ask) and sell (bid) price.
Recent Comments by redetin
It Is Better To Offer No Excuse Than A Bad One
It seems clear to me that any employed person will consider any offer of a new job. So is it any surprise that?:
“Derek McInnes will give full consideration to any offers he may receive in the future…” [Herald]
But in the Herald case this becomes some kind of “admission” with the headline: “Derek McInnes admits he will consider offers in future”
The Sunday Herald goes one better than its sister rag: “McInnes open to offers” screams the front page. “After Rangers snub, Dons boss won’t rule out quitting club”. A snub? He might quit? There’s hope here yet for the scribblers. And the Sport pages offer readers the contorted “McInnes open to listening to offers”.
Now how did we get from this simple statement, that any prudent person would adopt, namely, considering the merits of any future job offer, to this mangled Herald version of events?
Enough is enough
Contrary to the CVA Proposal of 29th May 2012, the “business and assets” were sold to Sevco Scotland, as noted by Homunculus & others. The assets were listed as follows.
4.11 The assets of the Company, listed at Schedule 6, currently consist of:
Ibrox; Murray Park; The other heritable properties and leasehold interests of the Company; The Player Contracts; The SFA Membership; The Company‘s share in the SPL; The Goodwill and intellectual property rights; Stock, plant and equipment and cash at bank; Amounts owed to the Company (other than the Player Transfer Fees); The High Court Proceedings; and The Player Transfer Fees.
Nowhere in the CVA are the terms trophies and titles mentioned.
How is it that:
(1) The silverware and other artifacts in the trophy room were sold without any value being considered.
(2) I would imagine that the selling of “titles” would be forbidden. How is it that footballing authorities have allowed their titles to be sold or passed on to another entity.
Consulting my Wee Red Book, I see that the re-named Airdrieonians honours only start in 2003. Airdrie United didn’t claim the titles and trophies of the 1878-2002 club, nor of Clydebank. I wonder where the trophies of the two defunct clubs ended up?
Has there been any official comment or discussion on the selling of titles to Sevco Scotland, or is this buried in the 5-way agreement?
Time to Ditch the Geek Show
zerotolerance1903October 29, 2017 at 12:56
“McInnes is not daft. He’s onto a good thing at Aberdeen and he surely knows that Sevco is a basket case.”
To which I would add that if MacInnes turns down a Sevco approach, the latter is going to take it as a serious slap in the face cos no-one turns down The Rangers. Watch the media spin that one!
McInnes will surely ponder on the near certainty of European football, hopefully for the next few seasons; on the uncertainty of life in the The Rangers seat, following “fill yer boots” McCoist, McDowall, McCall, Warburton, Murty, Caixinha, Murty; and on the debt-ridden state of “the club”.
Unless McInnes is totally blind to the The Rangers financial position, then he’d want a pretty tightly written contract. He’ll also want to know what transfer money is available. Success with the current fractured squad is unlikely.
Time to Ditch the Geek Show
Scotland v Netherlands at Pittodrie. And another slap in the face for Dons fans when not one Aberdeen player is picked for the team?
The Vice Closes
For those not on twitter————- SPFL News Now@SPFLNewsNow9hWho will get to 55 league titles first?—————SPFL News Now@SPFLNewsNow1hReplying to @hoop1888The oldco is still going through the liquidation process, newco was formed and granted Status and was allowed to transfer history etc, fact.—————-Apparently you can transfer history now.
And, incidentally, there is a body somewhere who can “allow” history, which seems to include titles & trophies to be transferred.
The transfer of titles needs explanation by the authority who is custodian of those titles, either the league (now SPFL) or the association (SFA).