Sevco Thread

[BWG]

Latest candidates for Pedro the Prick's assistant.........Wee Bazza, Lee McCulloch and Neil McCann .............. Three faces you would never get tired of slapping

 

Would that mean he'd have to leave Sky? He's a horrendous pundit.

[oilcat]

 

Would that mean he'd have to leave Sky? He's a horrendous pundit.

 

Probably only until Frankie De Boer rides in in his White Charger in the summer to save the club

[mcdougall(4)]

I see coral won their court case over relegation

 

put that myth to bed once and for all

[boboisared]

I know MacGiollaBhain is a raging tim but I do enjoy the way he writes. A dig at the hun and hun culture at every opportunity.

 

"These men deal in numbers, not dignity"

 

The big problem I have with Phil is that he refers to himself as a journalist, yet is disgusted at the bias of Scottish journalists towards Rangers.

[BWG]

The big problem I have with Phil is that he's a fake news generating imbecile.

[redstrummer]

Tax man is playing a blinder

 

https://www.supremecourt.uk/live/court-01.html

[Big Man]

Julian Ghosh QC is fucking boring....

[Big Man]

Dull as dishwater

[BWG]

So when is a verdict likely due?

[craegDAMH]

 

You confirmed you knew fuck all about it.

 

Just leave it there eh.

 

Aye, maybe I should just make some shite up and stick it on a blog. Make myself a few quid at the expense of the gullible.

[Big Man]

So when is a verdict likely due?

 

They will reserve judgment.

 

Difficult to say. 1-3 months probably.

[Lencarl]

 

They will reserve judgment.

 

Difficult to say. 1-3 months probably.

Hearing October

[Lencarl]

I see coral won their court case over relegation

 

put that myth to bed once and for all

"Relegate is a transitive verb. A transitive verb has two characteristics: first it is an action verb and secondly has a direct object."

 

[sooth_stander]

So when is a verdict likely due?

6 weeks, I thought?

[Lencarl]

I see coral won their court case over relegation

 

put that myth to bed once and for all

Or has it

 

According to Grant at STV "Is it something to do with national associations being able to define what a 'club' is on their own patch".

 

​So according to UEFA and the courts, they are a new club but the Scottish media and The Rangers fans can call them " Rangers" . The same club with all it's history and they never died at all.

 

 

P.S

 

According to experts in Tax affairs, ex Rangers players are doomed after hearing the current ongoing Court case. Could lead to former Rangers players declaring bankruptcy.

 

 

​ From The Clumpany Twitter account........ My latest offerings have popped up on AFC-Chat.

[strachanmcgheegoal]

With the current people running Scottish football, irrespective of the outcome, nothing will change EPK.

 

Outcome 1, this is what should happen:

HMRC win the appeal and they reclaim all unpaid tax due on the use of EBTs/DOS.

These were tax free loans used to entice better players to sign for Rangers IL which they otherwise couldn't afford. These loans were issued as a side letter which should have been submitted with the players contracts to the SFA/SPL. Rangers IL knew this was against the rules, but hid the letters anyway. Cheating. (The then president/secretary at the SFA, Campbell Ogilvie, who at the time the EBTs first became apparent, said he knew nothing about EBTs, when in fact, when he was the secretary of Rangers IL, he had an EBT. You couldn't make it up.)

HMRC, on winning the appeal will then chase the employees with side letters for all tax due, which is £millions.

 

The SFA/SPFL as it is now, should then investigate all matches played where Rangers IL used players with EBTs, cheating, and award each game 3-0 to the other team, and strip all honours won during that time. These were the rules at the time.

This is where the current Sevco abomination should suffer.

 

When Charles Green Sevco 5088, bought a basket of assets from the liquidators, part of the assets included Rangers IL history.

There was a 5 way agreement formed by the SFA,SPL,SFL, Sevco and Rangers IL, that for admission to the SFL division 3, Sevco had to cover all Rangers IL footballing debts, which included a £250k fine for EBT usage. (Doesn't that seem quite a low fine? Apparently not, as the players weren't illegally registered, but imperfectly registered, there is a difference, according to the SFA. You couldn't make it up.)

So Sevco 5088, then became Sevco Scotland, who then became The Rangers Football Club, bought the history and everyone lived happily ever after, same club, most successful team in the world, WATP, right? Our very own chairman even stated we should all move on, nothing to see. Does that make cheating ok?

So the current Sevco, after title stripping, should amend their "history" that they purchased, to reflect the EBT years, as its the same club, right? Sorted.

Or could the current Sevco admit that they are a new club, and put 3 Scottish league titles and a Petrofac cup as their history? Wouldn't the truth be refreshing?

 

Outcome 2,

HMRC lose their appeal, and the current Sevco abonmation remain the same club, most successful team in the world, WATP, move on.

 

For those who bang on about an obsession, maybe it is, but we should never accept cheating to gain an advantage over other clubs, our club included, and the SFA cover it up in any way they can, to benefit one club.

 

If HMRC win, everything should be done to right the blatant cheating, follow the rules, its simple really.

Only in bigoted blue tinted glasses is the truth so wrong.

Purely in the interests of accuracy Sevco 5088 (Craig Whyte) was the named immovable favoured bidder for the basket of assets once the CVA (the exit from admin achieved by hertz well Dundee et al) was harpooned by an understandably pissed HMRC. Sevco Scotland was Charles Greens Creation that the highly questionable administrators Duffhouse and Pishflaps chose to sell to because they didn't like the cut of Craigy's job. Highly illegal.

 

Apart from that, highly factual accurate and informative post.

 

!d/0t

[V for Vendetta]

 

I have exactly as much source or handle on the situation as they do, which is absolutely fuck all.

 

The reason that valuation is obviously bullshit is that it would value the entire company at £3.26m (that is, 81,478,201 shares @ 4p / share)

 

At the last balance sheet date, the net assets of the company were £42.5m. If you ignore intangible assets, you get an asset value of £27.6m.

 

So you could close the club tomorrow and liquidate the assets and end up with £27.6m, a valuation of 34p per share. (Obviously this would be a slightly different number because this is based on a June '16 balance sheet, but it won't be far off.)

 

That's why valuing the shares at 4p each is horse/bull shit, even if they were going bust this afternoon.

You forgot the small matter of millions and millions of debt.

[wullfo]

Purely in the interests of accuracy Sevco 5088 (Craig Whyte) was the named immovable favoured bidder for the basket of assets once the CVA (the exit from admin achieved by hertz well Dundee et al) was harpooned by an understandably pissed HMRC. Sevco Scotland was Charles Greens Creation that the highly questionable administrators Duffhouse and Pishflaps chose to sell to because they didn't like the cut of Craigy's job. Highly illegal.

Apart from that, highly factual accurate and informative post.

!d/0t

Purely in the interest of accuracy, Craigys job or jib? ?

Highly illegal? Absolutely.

Apologies for the inaccuracies, a faded memory or idiocy, you've decided.

The link below was from memory.

 

https://stv.tv/news/west-central/221247-rangers-chief-charles-green-appointed-craig-whyte-to-sevco-5088/

 

Rangers chief executive Charles Green signed off on Craig Whyte's appointment as a director of the company used in the initial stages of his buyout, according to documents lodged at Companies House.

 

Documents seen by STV appear to show Mr Greens signature verifying the appointments of Mr Whyte and his associate Aidan Earley as directors of Sevco 5088 Limited.

 

This appears to contradict a statement made by Mr Green in an interview with STV this week. When asked what part did Mr Whyte and Mr Earley have in Sevco 5088, he said: "Neither of them had a role in Sevco 5088."

 

However, Rangers have cast doubt on the validity of the documents.

 

A club statement said: "Mr Green is appalled by this blatant attempt to discredit him.These documents are not correct or valid and he did not sign Craig Whyte or his associate on as directors of Sevco 5088.

 

"Mr Green was the sole director of Sevco 5088 until he resigned and became the founder director of Sevco Scotland, formed by Scottish solicitors."

 

The revelations are the latest in the dispute between the former Rangers owner and the current chief of the club.

 

The directorial appointment forms, which have been filed several months late, show the signatures of the former Sheffield United chief executive, alongside those of Mr Whyte and Mr Earley. It is claimed the forms were signed during a meeting in London on May 9, 2012, three days before Duff and Phelps signed an offer letter with Sevco 5088 in a £5.5m deal for the clubs assets.

 

The Rangers statement added: "If this documentation was correct then, as Sevco 5088 was formed as the initial bid vehicle, the administrators would have been negotiating a sale of the club to a company which had a director who was clearly forbidden from being involved with it.

 

"Furthermore, it should strike people as deeply suspicious that these documents are being filed today 11 months after they were supposedly signed and on other documents Mr Greens home address has been mysteriously changed without his knowledge.

 

"Furthermore, notice was filed publicly in January this year by Field Fisher Waterhouse and is on record at Companies House company seeking to strike off the company, yet four months later directors appointments are now being supposedly filed."

 

According to records at Companies House, Sevco 5088 was created as an off-the-shelf company by a Cardiff-based secretarial firm on March 29, over a month after Rangers were put into administration on February 14.

 

The appointment forms for the company, which is registered to the address of London legal firm Field Fisher Waterhouse, were lodged with Companies House on Friday.

 

Companies House confirmed the documents had been accepted but had not yet been scanned in to be made available on its website.

[mcdougall(4)]

You forgot the small matter of millions and millions of debt.

net assets is assets - liabilities

 

so...

[strachanmcgheegoal]

Purely in the interest of accuracy, Craigys job or jib?

Highly illegal? Absolutely.

Ha ha. I definitely typed Jib!

[craegDAMH]

You forgot the small matter of millions and millions of debt.

 

No I didn't

[muttonhumper]

 

Aye, maybe I should just make some shite up and stick it on a blog. Make myself a few quid at the expense of the gullible.

 

 

Good shout.

 

People pay for that cunt's blogs???

[muttonhumper]

With the current people running Scottish football, irrespective of the outcome, nothing will change EPK.

 

Outcome 1, this is what should happen:

HMRC win the appeal and they reclaim all unpaid tax due on the use of EBTs/DOS.

These were tax free loans used to entice better players to sign for Rangers IL which they otherwise couldn't afford. These loans were issued as a side letter which should have been submitted with the players contracts to the SFA/SPL. Rangers IL knew this was against the rules, but hid the letters anyway. Cheating. (The then president/secretary at the SFA, Campbell Ogilvie, who at the time the EBTs first became apparent, said he knew nothing about EBTs, when in fact, when he was the secretary of Rangers IL, he had an EBT. You couldn't make it up.)

HMRC, on winning the appeal will then chase the employees with side letters for all tax due, which is £millions.

 

The SFA/SPFL as it is now, should then investigate all matches played where Rangers IL used players with EBTs, cheating, and award each game 3-0 to the other team, and strip all honours won during that time. These were the rules at the time.

This is where the current Sevco abomination should suffer.

 

When Charles Green Sevco 5088, bought a basket of assets from the liquidators, part of the assets included Rangers IL history.

There was a 5 way agreement formed by the SFA,SPL,SFL, Sevco and Rangers IL, that for admission to the SFL division 3, Sevco had to cover all Rangers IL footballing debts, which included a £250k fine for EBT usage. (Doesn't that seem quite a low fine? Apparently not, as the players weren't illegally registered, but imperfectly registered, there is a difference, according to the SFA. You couldn't make it up.)

So Sevco 5088, then became Sevco Scotland, who then became The Rangers Football Club, bought the history and everyone lived happily ever after, same club, most successful team in the world, WATP, right? Our very own chairman even stated we should all move on, nothing to see. Does that make cheating ok?

So the current Sevco, after title stripping, should amend their "history" that they purchased, to reflect the EBT years, as its the same club, right? Sorted.

Or could the current Sevco admit that they are a new club, and put 3 Scottish league titles and a Petrofac cup as their history? Wouldn't the truth be refreshing?

 

Outcome 2,

HMRC lose their appeal, and the current Sevco abonmation remain the same club, most successful team in the world, WATP, move on.

 

For those who bang on about an obsession, maybe it is, but we should never accept cheating to gain an advantage over other clubs, our club included, and the SFA cover it up in any way they can, to benefit one club.

 

If HMRC win, everything should be done to right the blatant cheating, follow the rules, its simple really.

Only in bigoted blue tinted glasses is the truth so wrong.

 

They cheated regardless of the appeal outcome.

 

Whether they lose the appeal or not, they cheated the laws of the game anyway.

 

Whether they win or lose the tax case makes zero difference to what they should be / should have been punished for by the SFA in terms of their football rule breaking.

Which was fielding players who were incorrectly registered.

 

They were fielding entire teams where every player on the pitch was breaking the rules.

And the huns did this knowing they were breaking the rules.

 

Whereas a wee team in the Scottish Cup spells a players name wrongly (a genuine mistake) and they forfeit the match 3-0 and get tossed out of the cup.

 

By the book, each an every game where they had a player whose full contract / income details were hidden from the SFA, a 3-0 loss has to be imposed.

On every game.

0-3

For a minimum of 12 years solid.

 

P-38 W-0 D-0 L-38 F-0 A-114 Pts-0

Each season.

 

Cheating fucking bastards.

[Lencarl]

All these ex Rangers players who are calling for more funds to be available to the new club should have a whip round.

 

Then again a few of them may soon be bankrupt if the Tax Case goes the way it should.

 

[wullfo]

They cheated regardless of the appeal outcome.

 

Whether they lose the appeal or not, they cheated the laws of the game anyway.

 

Whether they win or lose the tax case makes zero difference to what they should be / should have been punished for by the SFA in terms of their football rule breaking.

Which was fielding players who were incorrectly registered.

 

They were fielding entire teams where every player on the pitch was breaking the rules.

And the huns did this knowing they were breaking the rules.

 

Whereas a wee team in the Scottish Cup spells a players name wrongly (a genuine mistake) and they forfeit the match 3-0 and get tossed out of the cup.

 

By the book, each an every game where they had a player whose full contract / income details were hidden from the SFA, a 3-0 loss has to be imposed.

On every game.

0-3

For a minimum of 12 years solid.

 

P-38 W-0 D-0 L-38 F-0 A-114 Pts-0

Each season.

 

Cheating fucking bastards.

Totally agree MH, and with the evidence in court today, the cheating has been going on ever since David Murray limped up the marble staircase o the big hoose.

 

The question EPK asked was to the outcome in relation to the current Sevco, not the old, cheating, in liquidation carcas.

And if we believe bloggers JJ and PhilMcThingy, they wont be around much longer either.

A slow death is preferred to a quick one.

[maryhilldon]

All these ex Rangers players who are calling for more funds to be available to the new club should have a whip round.

 

Then again a few of them may soon be bankrupt if the Tax Case goes the way it should.

 

Considering they were all fleecing the taxpayer for so long they must be loaded! They should put there money where there mouths are.

[dervish]

Which mouths?

[fine-n-dandy]

Had to laugh at this......

 

But Andrew Lamb, Fraserbrough , said: “I would like to see Rangers making moves in the summer for young Ryan Fraser at Bournemouth and I’d also bring Ryan Gauld back from Portugal.

[mcdougall(4)]

Totally agree MH, and with the evidence in court today, the cheating has been going on ever since David Murray limped up the marble staircase o the big hoose.

 

The question EPK asked was to the outcome in relation to the current Sevco, not the old, cheating, in liquidation carcas.

And if we believe bloggers JJ and PhilMcThingy, they wont be around much longer either.

A slow death is preferred to a quick one.

 

They literally trade in the demise of this club.

Not been right yet - 4 years and counting...

[Pudgie]

 

They literally trade in the demise of this club.

Not been right yet - 4 years and counting...

They have run out of money plenty times. Every time someone steps in to "lend" them money. Either in the shape of certain people who are happy to give their money away or some like Cashley who are in it for themselves.