The Rangers saga as it happened…

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Raman Bhardwaj ‏@STVRaman SPL statement: Celtic qualifying to group stage – …

Comment on The Rangers saga as it happened… by Roland Brown.

Raman Bhardwaj ‏@STVRaman

SPL statement: Celtic qualifying to group stage – UEFA will give an additional £1 million to SPL – this will be shared by other 11 SPL clubs

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Recent Comments by Roland Brown

Make our Mind Up Time
Andy M @ Scotzine ‏@scotzine
Celtic have been issued with a notice of complaint from the Scottish FA over the ‘zombie Rangers’ banner unfurled back in July in pre-season
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Andy M @ Scotzine ‏@scotzine
game against Norwich City at Celtic Park. Hearing set for 11th October 2012. Celtic to respond before 27th September
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Make our Mind Up Time
“The anger for RFC’s mismanagement and abuse of the game in Scotland is real, but we need to look forward if we are truly committed to ensuring that what happened to Rangers can’t happen again.”
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More people telling us to move,what a joke.Let’s be clear here,this situation arose because of who this club were,no other club would ever recieve the hand outs that RFC(IA) got and would have been punished very severly.

Sevco now get the every rule that there is broken for them,nothing has changed.It can happen again,it is still happening even now and while people like ogilivie and regan stay in their posts then this is the way it’s always going to be.We cannot move forward,we should not move forward until all the corruption and the people involved are dealt with.

You dismiss the possibility of a conspiracy to easily,SFA,SPL,SFL,SNP,HMRC?,JUDICARY? and the MSM all colluding to aide and abet 1 club SEVCO,sure does look like a conspiracy to me.
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As for other topics,are referees not part of scottish football,Do you (the mods) believe that refs in scotland can’t be corrupted?Just because you don’t think something can’t be true,does’nt mean that your right.I will believe what my own eyes tell me and you (the mods) can keep kidding yourselfs on.


Charles Green – What Will Football’s Authorities Do?
pau1888 says:
September 14, 2012 at 22:41
2 1 Rate This
West Ham fans are clued up on EBTs and Rangers downfall.

http://kumb.com/forum/viewtopic.php?f=2&t=138488&st=0&sk=t&sd=a&start=1340
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This is great post.

Re: Rangers in administration (Non WHU)
by Wembley1966 on Thu Sep 13, 2012 5:17 pm

dub wrote:
As for that lad Green, I still think he is up to something and would not be at all shocked to see the new club go tits up too.

Of course he is – he’s all part of the master plan concocted by Murray over the last 3+ years after his share subscription offer flopped and there was no more cash available from the banks. The original plan was to liquidate Rangers and start afresh in the SPL with no debts. Murray sold Rangers to Whyte for £1 and paid off the £18m debt to Lloyds (who were demanding the debt to be repaid and who had a charge over Ibrox and the Murray Park training ground). Murray or his associates didn’t want to pay the £18m and not get it back if Rangers liquidated, so they invested in Ticketus who bought 4 years of season tickets in return for giving Whyte’s Rangers £20+m. Whyte also sold off the future catering revenues to Close Brothers in return for a few £m that provided some of the working capital they needed for last season. The plan was to see through last season, quickly liquidate the club and their friends in the SFA/SPL would just transfer the SPL licence to the new club who would start with no debts. The plan went wrong when they didn’t make it past the very first preliminary match in the Champions League (nor the resulting Europa League preliminary) and with no European revenues they resorted to not paying income tax and VAT to provide them the cashflow they needed. As a result HMRC forced them into administration and they’ve been on the back foot ever since.

Duff & Phelps were appointed by Craig Whyte – they had previously advised Rangers on the sale to Whyte, so they are possibly complicit in the scam to sell everything to Green for £5m. Green is creating a siege mentality and the notion that everyone is out to get Rangers. He needs to get the Rangers support on his side and to create the ‘hard done by’ feeling amongst them all. As a result of this he’s managed to get them to buy season tickets and turn up for matches – but where’s that money going – Ticketus are still involved and want their money back, Close Brothers want their money back and Craig Whyte wants paying for all his troubles.

Although there was a court hearing and the resulting judgement that said under Scottish law the Ticketus agreement could be deemed invalid, this is no longer the case as the agreement was willingly transferred from old Rangers to Sevco 5088 Ltd, an English company who had bought all the old Rangers assets. So now the agreement is between 2 English companies where it is valid. Sevco 5088 Ltd then transferred some of the assets (but not the Ticketus agreement) to Sevco Scotland Ltd (a Scottish company) who are the new Rangers. There has to be a Scottish company as license holders to play in Scotland – but they now owe Sevco 5088 Ltd for the Ticketus money. That’s why Rangers were briefly known as Sevco 5088 Ltd rather than the sale being directly to Sevco Scotland Ltd.

So how are they going to pay these people off and still try to run a club whose expenditure still outstrips their income. A share offer! Who’s going to buy the shares – the supporters? What are they going to buy shares in – the Club or the Company (unfortunately the Company, so if that goes bust they’ve lost their money again). How’s Green going to persuade them to invest – increase the siege mentality. He knows the titles will be stripped – but stir enough sh!t about them and declare that you’ll never take away our titles and the supporters think he’s even more of a hero. If the share offer fails, he’ll walk away and they’ll liquidate the company – he’ll say he tried his best but the SFA/SPL had it in for him – it was their fault not his. They’ll eventually sell Ibrox to someone so Ticketus and Close Brothers get their money back – it’s worth more if it can be sold to a football club that will play there, which could be another new incarnation of Rangers or someone buys Cowdenbeath Rangers and relocates them to Ibrox, changes the strip and drops the ‘Cowdenbeath’.

And Whyte – well his dad still holds the floating charge over the Murray Park training ground which is worth a few bob.
Wembley1966

Posts: 1420
Joined: Tue Jan 20, 2009 1:48 pm


Charles Green – What Will Football’s Authorities Do?
Chris McLaughlin ‏@BBCchrismclaug
In light of Charles Green’s comments about other club’s using EBT’s, #SPL are asking for anyone with proof to come forward.
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Charles Green – What Will Football’s Authorities Do?
Chris McLaughlin ‏@BBCchrismclaug
#SPL have investigated claims that #Celtic may have had side contract with Juninho but say there is no case to answer.
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