Comment on Bad Money? by Cluster One.

    A small question if i may.
    But charles Green’s Sevco scotland ltd will be lucky to see £25,000 of that sum.
    The ruling body’s financial year ends in May, although certain payments, like the UEFA solidarity money won’t arrive until August or early September.
    Do all SPL clubs get a share of this UEFA solidarity money?
    Did charles Green’s sevco scotland receive any of this UEFA solidarity money?
    Or was maybe a share of this solidarity money also held back?

    Cluster One Also Commented

    Bad Money?
    easyJambo 7th August 2019 at 13:45

    I believe that the haste is which the conversions were carried out makes it likely that UEFA had insisted on the debt reduction as conditional to the granting of UEFA licences over the last two seasons. UEFA does not allow for excessive losses to be covered by loans under FFP rules, although equity investments are acceptable.
    My thoughts also. I believe that the haste in which the conversions were carried had a reason for said haste. And makes it likely as you say UEFA had insisted on the debt reduction as conditional to the granting of UEFA licences.
    If Ashley hits them with a large bill and things don’t go too well on the pitch, and the money just is not coming in that they hoped.
    Just how many are willing to give loans for a debt for equity swap to get the granting of a UEFA licence?
    If they qualify next season that is.

    Bad Money?
    easyJambo 7th August 2019 at 11:43
    Thanks for clarification.
    Club 1872 now holds approx 6.4% of RIFC shares. You only need 5% to raise a motion at a GM or AGM.
    Any more dillution to less than 5% and they can’t(even with the money they have spent) and they won’t be able to raise a special motion.And if they had 5% and wanted to raise a special motion for any reason, king and co hold enough power to block any special motion if raised.
    Am i on the right track?

    Bad Money?
    easyJambo 7th August 2019 at 00:06
    so more than enough to vote through anything they want.
    Could that include a nice pay rise, a renaming of ibrox, selling off some assets?

    Enough to vote through anything they want.And would i be correct in saying (and happy to be corrected)that club 72 shareholding is now so low that they now can’t call an EGM if king and co start to vote through anything they want and the fans start to not like what they (king and co) are voting through.

    Recent Comments by Cluster One

    Celtic’s Questions to Answer
    A FIRM suing Rangers following a shelved plan for an Ibrox disaster memorial wall and garden is due to have a full hearing of its £1.3million claim in March next year.
    Thanks to JC for bringing us this news first.

    Celtic’s Questions to Answer
    As well as the banner headlines in the sun to comfort the gullibles two small sections were printed alongside with some good details.
    Why did rangers go bust? …….the club was then Liquidated and it’s assets sold to charles Green.
    Febuary 2012 rangers put into administration.
    July 2012 gers are admitted to the third division.
    Oct 2012 rangers are Liquidated.

    Celtic’s Questions to Answer
    naegreetin 14th November 2019 at 11:47
    22 0 Rate This

    Re : Squirrels

    Could be several reasons why this HMRC deflection has been introduced – possibly decisions from the SFA re CAS as suggested above or maybe re King’s Fit & Proper status after the cold shouldering –
    Forgot all about that, kings fit and proper. God they are taking there time are they not.

    Celtic’s Questions to Answer
    StevieBC 14th November 2019 at 10:00
    1) For money.

    Soften up the fan base before asking for cash, donations, etc.?
    From the link i posted yesterday.
    LF: We had between 700-1000 new members in the week or two after the Mike Ashley share purchase and I think because it removed his influence from the club, you can’t underestimate or underplay the significance of the purchase, not just for Club 1872 because it saw us become the second largest shareholder, but for Rangers as well.
    When there is a crisis more fans join club 72.
    Has the membership eroded that much? Club 1872 – 2,500,000 – £500,000.
    With king not taking part in this latest share issue, is this a call to arms to get more members to join club 72, as it is beginning to look like club 72s money is all they have left to plunder and if there is not enough members(donations) it’s a bleak outlook for the ibrox club,company thing.

    Celtic’s Questions to Answer
    John Clark 14th November 2019 at 00:45
    John McClelland, the former Rangers chairman, says that ambiguity over the…”

    What a load of absolute cobblers! The downfall was caused by the serial cheating by SDM, whether it was ten quid or 50 million, the man was a cheat.
    John McClelland EBT. £225,000 . Appointed a director in 2000. Chairman from 2002 to 2004.