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Big Rangers Administration/Liquidation Thread - All chat here!


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Armageddon, or how can Rangers get wiped out as a football club?

Despite the angst from the Rangers faithful, it looks at though Mike Ashley will stop them going into administration or liquidation (or being liquidised as a Rangers fan once described it on here).

He can do this with his secured loans, but if the shareholding remains the same the company will always be vulnerable to rabble rousing from some penniless crook. So he could move to increase his shareholding, directly or indirectly. If he does, he will fall foul of the SFA/SPFL and Campbell Ogilvie. So they will say if you push above 10% we will........well what will they do?

Another option is that somehow King & co get their EGM and win the vote. That will be after the assets have been put under Ashley's direct control, and his loans (10mill or so) still outstanding. King and poor Paul Murray will be looking for seats on the board. But what will the SFA say? After giving the green light (just a figure of speech) to Whyte and then Green and his sundry cowboys, surely the authorities cannot endorse a shifty liar and an ex director who sat through the administration.

What can the SFA/SPFL threaten in each case, but what can they really do? If they push too hard on either they can end up disqualifying the entity that is the company, with what effect on the club? They spend their time fighting with the company, meaning the football side folds.

This could be an excellent case study for a Business School. Alternatively a board game that would keep the players entertained for ever. .

Edited by thelegendthatis
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Armageddon, or how can Rangers get wiped out as a football club?

Despite the angst from the Rangers faithful, it looks at though Mike Ashley will stop them going into administration or liquidation (or being liquidised as a Rangers fan once described it on here).

He can do this with his secured loans, but if the shareholding remains the same the company will always be vulnerable to rabble rousing from some penniless crook. So he could move to increase his shareholding, directly or indirectly. If he does, he will fall foul of the SFA/SPFL and Campbell Ogilvie. So they will say if you push above 10% we will........well what will they do?

Another option is that somehow King & co get their EGM and win the vote. That will be after the assets have been put under Ashley's direct control, and his loans (10mill or so) still outstanding. King and poor Paul Murray will be looking for seats on the board. But what will the SFA say? After giving the green light (just a figure of speech) to Whyte and then Green and his sundry cowboys, surely the authorities cannot endorse a shifty liar and an ex director who sat through the administration.

What can the SFA/SPFL threaten in each case, but what can they really do? If they push too hard on either they can end up disqualifying the entity that is the company, with what effect on the club? They spend their time fighting with the company, meaning the football side folds.

This could be an excellent case study for a Business School. Alternatively a board game that would keep the players entertained for ever. .

I often use the word "liquidised" as a joke.It makes me think of sticking everything in a blender and ending up with some sort of puke-coloured, gooey mush that you flush down the bog. Totally fitting in the case of Spivco. :lol:

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Here is an article trying to encapsulate the story so far but it fails to mention Sevco 5088, only Sevco Scotland.

Why don't these journos just read P&B? :blink:

Of course, maybe to people outside of Scotland, it's just a storm in a wee teacup.

http://www.independent.co.uk/sport/football/scottish/just-what-is-going-on-at-rangers-9985573.html

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https://billmcmurdo.wordpress.com/blog/

"It is 2015. Scottish football is dying on its arse.".............................................lol

Really?

Somebody should send him this link - http://www.pieandbovril.com/forum/index.php/topic/220316-even-more-good-news-on-crowds/

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What a mess.

With venom and volume, the fulminating throng struck up cries of ‘fat Geordie b*****dbefore a realisation struck among some of those doing the growling that Ashley is from Buckinghamshire, just north of the River Thames. Rapidly then Geordie was dropped for Cockney, before they moved on to simply calling him a ‘w****r’, and from their segueing into exhortations for the Easdales to ‘get tae f***’.

This breach in the uneasy peace resulted in uniformed officers on horseback appearing on the scene and setting about dispersing the, by now, highly charged protesters. As these mounted police trotted towards the front door, the Rangers supporters’ battle cries became of the more old-school variety with Derry’s Walls and The Billy Boys given lusty renditions – as was the case when the game was later abandoned after 24 minutes. The ‘****** blood’ line in The Billy Boys once left Rangers with no hiding place in Uefa circles over the anti-Catholic expressions a section of the club’s support entwined in their supporting of the club.

Thought we were all 'Better Together'. After Old Rangers' antics in Manchester it seems as if the Yoonyanists from Govan are more anti-English than anyone else.

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