AberdeenBud

Why did nobody warn us?

A lot of talk the glib liar Dave King riding to the rescue as an emergency credit line. DCK cannot be a director of any company that uses the RFC brand for a period of 5 years from when the old club entered liquidation; http://www.legislation.gov.uk/ukpga/1986/45/section/216 216 Restriction on re-use of company names. (1)This section applies to a person where a company (“the liquidating company”) has gone into insolvent liquidation on or after the appointed day and he was a director or shadow director of the company at any time in the period of 12 months ending with the day before it went into liquidation. (2)For the purposes of this section, a name is a prohibited name in relation to such a person if— (a)it is a name by which the liquidating company was known at any time in that period of 12 months, or (b)it is a name which is so similar to a name falling within paragraph (a) as to suggest an association with that company. (3)Except with leave of the court or in such circumstances as may be prescribed, a person to whom this section applies shall not at any time in the period of 5 years beginning with the day on which the liquidating company went into liquidation— (a)be a director of any other company that is known by a prohibited name, or (b)in any way, whether directly or indirectly, be concerned or take part in the promotion, formation or management of any such company, or ©in any way, whether directly or indirectly, be concerned or take part in the carrying on of a business carried on (otherwise than by a company) under a prohibited name.

http://www.dailyrecord.co.uk/sport/football/craig-whyte-profile-the-scots-billionaire-1076110 This one?

http://www.thesun.co.uk/sol/homepage/news/scottishnews/4193406/Clown-email-gaffe-is-no-joke-for-fans.html Custard The Clown!

http://www.dailyrecord.co.uk/sport/football/craig-whyte-profile-the-scots-billionaire-1076110 Motherwell Born Billionaire!

Typical neanderthal Sevco mentality, anybody who criticises us must be one of them. How exactly does my post you have noted excuse me from being a Buddie?

Somebody's not joining in the spirit of this thread.

Yeah I remember all the Bears were furious when Templeton, Black, Sheils and co were signed on over inflated wages.

most = one or two. Well it doesn't seem like the Message is getting through to Walter or Sally does it?

If we are to believe our little friends figures on staff wages then it's no surprise that Sevco are hurtling out of control without any sign of a driver stepping in. If we take the average ST price that the club ​ holding company receives, including all concessions and minus VAT(no sniggering at the back), to be around £200. That would mean just to pay FPLG his eye watering salary Sevco would need to make 3750 ST's! That's 10% of total sales on an utterly inept manager. Add in TUPE'ers like Elbows, Alexander and Wallace(all circa 15k a week according to IamRangers), and we have around 40% of the ST money going on these 4. Madness. Then we have Templeton, Black, Cribari, Sheils, Durrant, KMcD, and Little on all around £7-10k a week, we can see where most of the fans hard earned cash is going.

http://www.dailyrecord.co.uk/sport/football/football-news/sandaza-rangers-can-win-cups-1261087 If you would excuse me for a moment Shull; THE QUADRUPLE!

If only half of their anger was saved for leeches like Chuckles and Sally then they might not be heading down the Swanny within a year of being reborn. Where are the Sevco fans demanding the Warchest stays closed? Spending a £10 million budget in SFL2 is financial suicide, Queens have just romped that league with a budget probably 20 times less than that. New Rangers, same old suicidal habits.

http://www.scotsman.com/sport/football/sfl-division-three/mccoist-says-rangers-take-over-talk-is-nonsense-1-2911932

http://www.telegraph.co.uk/sport/football/teams/rangers/10018357/Rangers-step-closer-to-the-abyss-with-each-controversy.html

Has Chuckles been on RM too? Just when you think this show can't get any better it confounds you again. Some interesting comments here, especially re FPLG and player salaries, enjoy; http://i.imgur.com/rIyiTn4.jpg http://i.imgur.com/WaQD6Ey.jpg and http://i.imgur.com/PObMuij.jpg

Sevco news; http://www.scotsman.com/news/scottish-news/top-stories/charles-green-reported-to-serious-fraud-office-1-2907713 http://www.scotsman.com/news/tom-english-green-in-the-pink-for-now-1-2908425 http://www.telegraph.co.uk/sport/football/teams/rangers/10016236/Charles-Green-reported-to-Serious-Fraud-Office-by-company-linked-with-Craig-Whyte.html

http://www.telegraph.co.uk/sport/football/teams/rangers/10014169/Charles-Greens-desire-to-sell-shares-to-fraudster-could-lead-to-boardroom-exodus.html Sevco.

I believe there is a reconstruction thread running for those who genuinely wish to debate these issues, rather than merely deflecting attention away from their own car crash of a clubs holding company's shambolic financial affairs and myopic support.

Eh, I can make perfect sense of it. Perhaps your cognitive abilities have been affected somewhat by the constant need to bluster and deflect harmful stories about RFC(IL) and Sevco.

Sevco News; http://www.heraldscotland.com/sport/football/in-the-blue-corner-battle-for-heart-of-rangers-is-rejoined.20889509 http://www.telegraph.co.uk/sport/football/teams/rangers/10011435/Craig-Whyte-stands-to-make-8.5m-if-he-wins-lawsuit-in-battle-for-Rangers-assets.html

Never in the field of football history have so many been duped so easily by so few .

Don't you mean 500 million, Shull? The gift that will never stop giving.

News Rangers claim control of firm in legal dispute with Craig Whyte By Mike Farrell 22 April 2013 11:15 BST Rangers: The club described Sevco 5088 as a ‘subsidiary’ of the parent company.© SNS Group Rangers have claimed control of a company at the heart of a legal dispute with Craig Whyte. In an announcement to the stock exchange on Monday, Sevco 5088 Limited is described as a “subsidiary” of Rangers International Football Club plc. Mr Whyte claims the firm was established on his behalf last year and gives him a legal hold over Rangers’ assets, including Ibrox and Murray Park. He claims Charles Green was enlisted as a director of Sevco 5088 to act as a “front” for him in an attempt to regain control of Rangers, which Mr Green denies. According to the AIM notification, Mr Green held a directorship in Sevco 5088 on December 7 last year, the day the AIM admission document was published. Mr Green previously stated in an interview with STV that he had “handed back” the firm to Mr Whyte after the company was no longer needed once a company voluntary arrangement (CVA) was destined to fail. No documentation confirming Mr Green’s resignation from Sevco 5088 has been filed with Companies House. According to the share issue prospectus published last December, Sevco 5088 was a “related party” to Rangers International, of which Mr Green was the “sole shareholder”. Mr Green said in a statement earlier this month that he “was the sole director of Sevco 5088 until he resigned and became the founder director of Sevco Scotland” which was incorporated on May 29 last year. The retrospective directorate declaration to the exchange comes after Mr Green announced his intention to step down as Rangers chief executive with immediate effect on Friday, citing “negative publicity” surrounding his links to Mr Whyte. It also emerged after former Rangers owner Mr Whyte instructed lawyers to contest the lodging of termination notices with Companies House for director appointments of himself and associate Aidan Earley with Sevco 5088. The online documents were filed last week, after Mr Whyte confirmed he was seeking to use the company to seize control of the club’s assets. Mr Whyte is adamant the termination move was not made by himself or Mr Earley, while he has also stated that it does not alter his ownership or role as a director of Sevco 5088. The businessman’s lawyers have contacted Companies House over the lodging of the termination forms. Documents STV revealed documents were filed with Companies House which appeared to show Ibrox chief executive Mr Green’s signature on the Sevco 5088 directorships of Mr Whyte and Mr Earley on May 9, 2012. Days later, Sevco 5088 signed an exclusive agreement for the club’s assets with administrators Duff and Phelps, although they were eventually transferred to an unrelated entity, Sevco Scotland Limited. The electronic forms filed last Tuesday stated that the directorships of the pair had been terminated on the same day they were appointed last year. However, a spokesman for the former Rangers owner said: “Mr Whyte has noted the attempt to remove himself and Mr Earley as directors of Sevco 5088. “Mr Green has publicly acknowledged that he resigned as a director and transferred the company some time ago. The Companies House record is not the legal determinant of who owns the company and who are directors. This issue will form part of the forthcoming legal case.” Companies House said that only people with access to the online authorisation code for the company could have terminated the appointment, while it was unable to clarify who had lodged them. The e-forms relating to the moves do not name the individual behind them, while no signatures are present on the forms as they were submitted via the registrar’s website. Sevco 5088 STV contacted Rangers and Mr Green for comment on the development, but they did not provide a response for publication. Mr Green is still listed as a Sevco 5088 director on the Companies House website and signed off on a proposal to dissolve the firm on December 27 last year, weeks after Mr Whyte sent him a letter warning of legal action. London legal firm Field Fisher Waterhouse, which established Sevco 5088 as an off-the-shelf company in March last year, declined to comment on the move. The registered address of the firm was recently changed from Field Fisher Waterhouse’s Vine Street office to one in London’s Skyline Village, which is associated with Mr Whyte’s businesses. However, last Wednesday an e-filing with Companies House reverted it to lawyer’s office. STV recently revealed that Mr Green admitted asking Mr Whyte for £25,000 to pay the legal fees of Field Fisher Waterhouse. The outgoing Rangers chief executive claimed the cheque bounced, however STV obtained proof to suggest that it cleared and the money was paid out of a business account associated with Mr Earley. Rangers announced that they had instructed lawyers to respond to the claims of Mr Whyte and Mr Earley, while they also said they would be preparing a file to submit to Police Scotland in relation to the dispute. The club also informed the stock exchange in London that an independent inquiry into the conduct of Mr Green and Imran Ahmad was being carried out, days before the chief executive announced he was stepping down. Last week Worthington Group plc, which has close links to Mr Whyte and Mr Earley, announced to the stock exchange that it would be funding the legal action against Rangers after receiving advice that it had a “prima facie case”. Mr Whyte has sold a 26% stake in his firm Law Financial Limited, which he claims owns Sevco 5088 as well as several other companies, under the £250,000 deal.

Sevco . That is all.

Eh, i'm afraid it's you who doesn't get it, Bennett. Can you comprehend that a £10 million budget means your entire spend on player and staff costs? If you weren't shitting money like it's going out of fashion, easily do-able considering IIRC FPLG has spunked £7 Million giving us all a laugh this season. eg Elbows circa 10k a week = 40k a month = £480,000 p/a. Now can you see how it would be easy to spend a £10 million Budget on a load of useless old hackers and Sally's pals? Also I wouldn't be surprised if the worst manager in Scotland was also it's best rewarded financially. No wonder you didn't predict your old club dying if this is the level of your cognitive abilities.