Two wrongs and a right

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Club statement: Thursday, 24 December 2015, 14:15by Rangers Football Club WE are …

Comment on Two wrongs and a right by Allyjambo.

Club statement:

Thursday, 24 December 2015, 14:15by Rangers Football Club WE are pleased to announce that payment has today been sent to Sportsdirect.com Retail Limited of the full amount of the loan facilities provided by that company to The Rangers Football Club Limited.

Allyjambo Also Commented

Two wrongs and a right
easyJambo 25th January 2016 at 4:48 pm # Attachment
 Allyjambo 25th January 2016 at 3:07 pm # =========================== I was somewhat surprised to see Phil’s latest claim re unsold stock and onerous leases.
If you go back to the terms of the £5M SD loan, then it made specific provision for payment of the onerous leases.http://www.investegate.co.uk/rangers-int-f-c–plc–rfc-/rns/-10m-credit-facility—associated-26–rrl-transfer/201501270701132133D/
RRL will declare a dividend of a total of GBP 1,610,000 prior to the Transfer. The Club will use the proceeds of its share of this dividend, inter alia, to repay sums owing to SD in respect of the cessation of onerous leases on unprofitable stores entered into by a previous Rangers management team.The 2015 Accounts also state:
Other costs incurred Cost of store closures paid by Rangers Football Club ………………….   (620)…….and in Note 19 to the accounts – see the attachment which shows that both the unsold stock and onerous leases were paid off in the last financial year, leaving a zero balance on the provisions as at 30 June 2015.
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Thanks for the information, EJ.

I can only deduce that PMGB’s information must be wrong, otherwise it might mean that the club published untruths in their annual accounts, some sort of offence, I’d imagine. I genuinely can’t believe that even they would be that stupid.

The only way that both Phil’s information and the annual accounts could both be right is if the arrangement was ongoing (despite the belief that it was otherwise), or something triggered (default on loan?) it’s return.


Two wrongs and a right
PMGB’s latest, suggesting some payments still outstanding to NA/SD in respect of the unsold stock and outlet closures.

http://www.philmacgiollabhain.ie/the-guts-of-another-million/#more-7263

I’m not sure if that should have shown up in the accounts, maybe hidden/included within total liabilities, but even if they were, it’s not good news, if accurate, as MA can be a vengeful creditor, one suspects! Could he be about to start chasing this now his loan has been repaid?

Question for those with expertise in the area; would it be possible that this might have been kept out of the accounts as ‘disputed’, invoices lost, thought it had been settled by previous regime…?


Two wrongs and a right
redlichtie 25th January 2016 at 1:36 pm # Allyjambo 25th January 2016 at 1:07 pm #Saw this on twitter and it would appear the bears are moving from a ‘buy our way to success’ model to one of ‘WATP so we will win the SPL with whatever journeymen we sign’!“8m8 minutes ago Why are the media so desperate for Rangers to overspend. Are they worried we sign a team of English bargains and cruise the SPL next year?” ——————————————————-AJ,
The first question that popped into my (cynical) head was who authored this tweet? Could it be a Level 5 or similar softening up of the bears for the realisation that no-one has been or can be signed?
Unfortunately so untrusting have I become that ulterior motives are sought in almost anything Govan-related.
Scottish Football needs a strong Arbroath.
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It would appear that the tweeter is just an ordinary bear, RL, so I don’t think it right to post his name (it appears to be his real name). Some of his tweets today suggest the one I posted here was the peak of his enlightenment. Apparently we are all in for a rude awakening when TRFC hit the top!

I have to admit, though, that reading his tweets again (as a result of your cynicism) is making me think you could be correct with the level of your thinking, the following being typical:

“Well & truly feels like we have our club back. Positive news is becoming a daily occurrence again at Scotland’s biggest club.”

He’s not appeared on my timeline before, with Bartin Main retweeting him today, but it does look like he’s indulging a scattergun approach to catch the eye of any dithering bears14 The above tweet seems just a bit over happy, especially after failing to sign a player with what even Jackson couldn’t make sound like real money!


Recent Comments by Allyjambo

Les Says It is Time to Ask The Audience?
StevieBC 8th May 2020 at 12:54

I think your point was addressed in page 2 of the SPFL letter, Stevie, (sorry, can't copy and paste it) in the paragraph that begins, 'Several of us have also been asked…' where it ends by saying that they can't comment until after the EGM, which I think would naturally be the case.

Can I say that the SPFL board do not seem to have missed TRFC, and in particular Stewart Robertson, and hit the wall. It is also clear from the paragraph I refer to that some of the clubs, at least, share our view that TRFC's actions are/were 'bringing the game into disrepute'. There appears to be genuine anger within the ranks of the SPFL, though it looks like Robertson has been set up to be the sacrificial lamb (or lump under the carpet) and may be used to deflect the full repercussions from the club he was acting on behalf of. 


Les Says It is Time to Ask The Audience?
incredibleadamspark 8th May 2020 at 11:49 Allyjambo, all that’s a possible for sure but I just feel that for some fans it doesn’t matter if you wear the green and grey hoops or an orange away top you will fit your views around certain events in Scottish football to suit predetermined opinions/conspiracies. Scottish football is facing an uncertain future, as is our society, and the way Rangers have went about things has been an absolute embarrassment. I just can not see what they are hoping to achieve. Stay safe.

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I agree that many/most supporters of all clubs (even ones who conflate grey with white) form their opinions around whatever suits their argument, it is more or less the same in every aspect of life, but as you say, TRFC's vindictive attempt at achieving goodness knows what is an absolute embarrassment, especially to thinking bears; and Celtic, whether through integrity or just having smarter people at the top, are extremely unlikely to ever make such a pig's ear of trying to 'encourage' others to facilitate their required outcome.

Hope you stay safe, too.


Les Says It is Time to Ask The Audience?
incredibleadamspark 8th May 2020 at 10:38

While Celtic may well have done their level best to ensure TRFC were not handed the league title I very much doubt they'd have come up with the amateurish 'dossier' type 'evidence' that TRFC have produced. For one thing, they wouldn't have had to try too hard to come up with some sort of leverage, such as Resolution12, or even threaten, privately, to raise the good old secret 5 Way Agreement. 

I'm pretty certain that Celtic could, if they so wished, end the Great Lie and finish off, not only TRFC, but also all those who aided and abetted them while involved in the game's governance in 2012 and for some time before and after. They could also just threaten to raise Financial Fair Play with UEFA showing how TRFC signed players they couldn't afford (even after they'd posted such disastrous, touch and go UEFA compliant, Accounts) that enabled them to go so far in the UEFA Cup.

It certainly appears that Celtic have little to fear from TRFC's vindictiveness in terms of honesty and rule breaking, while the opposite is true the other way round, which is why they, TRFC, have had to go after their erstwhile friends at Hampden.


Les Says It is Time to Ask The Audience?
Is there any posters on here that think TRFC's long awaited 'Dossier' was worth the wait, or does everyone agree that every doubt expressed as to the likelihood of it containing any 'smoking gun' evidence was right on the money?

I've not read it, and never will, but every critique I've read so far makes it clear that no one has found anything in it that should worry the two named SPFL board members, or anyone else involved (other than Stewart Robertson, TRFC's own man) and that it's nothing more than, at best, a list of questions to be answered, if anyone has the time.

Most notably, the distinct lack of any suggestion of 'bullying', far and away the most serious of the 'leaked' allegations, appears to be missing.

I have to say, though, that in my distrust of the game's governors I am a tad disappointed in it's patheticness*, as a can of worms once opened is very difficult to close, allowing more worms out that may at first have been sought. Anyone else feel the same way?

*Not an actual word, maybe, but then TRFC are not actually the club they claim to be either, so it's alright, see!


Les Says It is Time to Ask The Audience?
Tweet from Graham Spiers

"Key part of Rangers’ accusatory statement of April 11: “bullying”. That is a very serious allegation about #SPFL governance. I’m wading through this RFC “dossier” trying to find evidence of “bullying” but haven’t found it yet. But give it time."

I'm sure page 200 will provide the smoking gun and it will take some time for all who have the dossier to reach mail


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