Reflections on Goalposts

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TSFM says: January 25, 2014 at 1:45 pm Unusually (very) high new …

Comment on Reflections on Goalposts by Englandshire.

TSFM says:
January 25, 2014 at 1:45 pm
Unusually (very) high new registrations on the site. Beware a troll offensive 🙂
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Long time lurker here. I had to register to read the posts from about 4.30pm to midnight yesterday.
As others have said before, without logging in, page 66 ends at 4.30pm and the next page contains 1 post at 7pm with no ‘Newer comments’ button

Englandshire Also Commented

Reflections on Goalposts
BigGav says:
January 29, 2014 at 11:18 pm
Englandshire says:
January 29, 2014 at 10:23 pm

It has to be noted that CG’s switcheroo happened because although initially Sevco5088 was going to buy the assets from RFC 2012 (NIL), it had to be a Scottish company that runs a football club.
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Sez who? It’s not a rule I’m aware of.
I’ve always seen this as just an excuse to ‘explain’ the setting up of Sevco Scotland, whose real purpose was to cut Whyte out of the deal.
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Apologies. My brain doesn’t appear to be working tonight.


Reflections on Goalposts
bad capt madman on January 29, 2014 at 8:20 pm

I read something today, either here or on twitter, that CW claims involve the “ownership” of the SFA membership which was granted to Sevco as part of or possibly even before the 5 way agreement. Regardless of the other implications of the legalities of CG’s switcheroo or otherwise, does CW have a point? Did the SFA give the membership to CW’s company?

This does again bring the credibility of the SFA back into the spotlight. Did they do due diligence prior to granting the membership? Did they monitor / consider the implications of Sevco 1588 changing to Sevco Scotland with regard to the appropriateness of the membership and licensing? The drafts we’ve seen of the 5 Way Agreement give the impression of legalese and diligence, but I suspect that was all a front to give the appearance that the SFA were in fact doing some regulating, supervising or governance, and had no intention of doing anything that would jeopardise any version of a rangers being accepted into the association.

The implications of any successful claim or long standing case by CW must be a nightmare for those involved in promulgating the shenanigans at the governing body. The apparent disintegration of TRFC’s financials by their own actions is bad enough, but to face the prospect of admitting that they should not have been given a membership two seasons ago must surely force change at the SFA ( even if its just to avoid potential legal actions from all concerned).

So, for me, I’m in. I wish CW well in his endeavour to get justice! (and continuing in the Dragons Den vein, I’d want 30% of the company for my support).
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Sorry badcapt, I’m not picking on you but your post helps illustrate my point.

It has to be noted that CG’s switcheroo happened because although initially Sevco5088 was going to buy the assets from RFC 2012 (NIL), it had to be a Scottish company that runs a football club. Therefore Sevco Scotland was set up for that purpose (later renamed to TRFC).

CG then used Sevco Scotland to shaft CW (instead of Sevco5088) and how this omnishambles started.

Hopefully my understanding is correct. If not I shall stand on the naughty step


Reflections on Goalposts
Scottish football has a strong Arbroath (c) redlitchie 🙂


Recent Comments by Englandshire

Whose assets are they anyway?
Slightly OT, but would that be Mr DCK (with ticket and phone in hand) behind Frank Lampard at today’s Chelsea v Liverpool game? Ironically, the headline reads ‘Look who’s back at the Bridge…’
Found it on the BBC Live Text Commentary


The Case for a New SFA.
There has been some excellent analysis of Ibroxian finances recently, especially with Barca’s post earlier today.
For all the forecasts of when the Govan outfit will run out of cash (which they more than likely will before seasons end), it should be remembered that the original Three Bears loan of March 23rd is due as repayable after the 31st December 2015.
The RIFC site only has the latest Regulatory announcement regarding JP Jenkins and their facility to trade RIFC shares. The official rangers site no longer has the club statement since they have introduced a new website that is ‘responsive and fit for a club that is building towards the future….’ (wee Stevie in IT has been very busy lately). However, a Google cache returns the following result:

THE Board of Rangers International Football Club PLC has accepted loans totalling £1.5m from Douglas Park, George Letham and George Taylor. The funds are unsecured, interest free and no fees are payable.
The Board is delighted with this show of support.
The group has stepped in as the full extent of the financial damage caused by every regime over the last four years becomes clear.
However, Rangers interim Chairman Paul Murray wishes to assure fans their Club will recover fully despite those years of gross mismanagement.

Whilst this does not specify a repayment date, the Regulatory Notification dated 23rd March reads:

Rangers International Football Club has entered into loan agreements totalling £1.5m with Douglas Park, George Letham and George Taylor.
The proceeds of the loans are available generally for the purposes of the company and will be used for working capital.
The loans are being made available until 31 December which will provide the company with time to deliver a longer term funding solution. No interest or fees are to be charged in respect of the facilities and the loans are being provided on an unsecured basis.

So I am assuming that the £1.5m is repayable after that date and therefore needs to be found.


SFM – The Next Steps
Indeed the BBC one is no more but I found this one:

http://www.dailyrecord.co.uk/news/scottish-news/revealed-the-former-rangers-players-paid-1447843

Hope that helps

Edit: Wayback machine also has a copy of the BBC one here: http://web.archive.org/web/20130610101442/http://www.bbc.co.uk/news/uk-scotland-glasgow-west-18148818


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