Newco’s statement on their management team is worthy of some consideration:
“At a meeting with the management team’s representative earlier this week the Club were advised that Mr Warburton, Mr Weir and Mr McParland wished to resign their positions and leave the Club on condition that Rangers agreed to waive its rights to substantial compensation.”
A meeting with a representative of the management team, not with the manager, and not a resignation letter.
The club went on: “The Board urgently convened to consider the offer made on behalf of the management team and its ramifications and agreed to accept it and release the trio from the burden of compensation”.
If you agree to the terms of an offer made on behalf of someone, you really, really, need to get the signature of the individuals concerned. If you fail to get an agreement signed, you don’t have an agreement. If you don’t even appear to have a verbal agreement with your members of staff, you get on with your work as though nothing has happened.
They’d better hope Warburton, Weir and McParland get another job quickly, otherwise I predict another raft of court cases to be paid for. This is a statement which suggests the authors have left themselves exposed.
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BFDJ ….whit a delusional laugh!!!!
https://mobile.twitter.com/IbroxBuzz/status/830178534308139010/photo/1
ITALIABHOY on 10TH FEBRUARY 2017 11:49 PM
If they cannot meet the payroll or pay bills any creditor (even players) can start the ball rolling!
KTF
TheTimReaper 11.40pm
Just when you thought KT was the best, he gets better, young nephew is friendly with the family of Kieran’s girlfriend, obviously a lot of Celtic fans in both families, he is a wee star, great footballer but an impressive bhoy off the park as well
I know think if I look up “living the dream” in the dictionary = Kieran Tierney
ITALIABHOY on 10TH FEBRUARY 2017 11:49 PM
You’d have to assume any Mash deal is admin proof.
It’s not like it wasn’t always likely.
ITALIABHOY
I don’t think admin would set them free from His Big Mikeness, they would have to liquidate would they not to start a new holding company/International/parallel universe group of clubs.Pretty sure he’s got the hogtied.
Snakes & Ladders @ sevco.com
To James Forrest – I disagree with about 40% of your output, but I read all of it.
Please, please do me a favour – don’t analyse or post tonight, or tomorrow. Let it all stew, and save it for an easySunday Morning.
‘Mark Warburton is still the Rangers manager in the same way Rangers are still the same club’
ThumbsUp CSC
I wonder how quick Warbs could start a court action and lodge an arrestment on the dependence?
Or threaten to.
STARRY PLOUGH on 10TH FEBRUARY 2017 11:52 PM
Correct. Fat Mike will still have his hold over them. They need liquidation to kill those contracts.
KTF
Keep our focus on ICT tomorrow. Do the business and then we can have a party. Hh
What a pleasant evening. Came home to a fresh delivery of logs for the fire, and merrily stacked them in the woodshed listening to an enjoyable and pleasant interview with BR on the radio. Just finishing up making tea and my phone pinged with the news that Warbo had walked. Then it seems he hasn’t, but he’s off anyway. A wee while observing the angst on SevcoMedia, including the administration rumour (which does appear to have legs), before returning tot the comforting embrace of CQN. All washed down with a glass or two of wine.
If Carlsberg did Friday evenings at home…
GFTB
I think we all look at him and think if we were lucky enough to pull on the shirt we would be like him.
Lee Wallace says Warbs resigned?
This is a sad, sad day for Scottish Football- What a shambles.
Though it was long predicted the failure of Sevco demonstrates the bankrupt nature of the morality and capability of Scottish Football Establishment.
The – Scotland need a strong Rangers myth, has been shown to be the abject nonsense we all knew it was.
Almost to the week we’ve had 5 years of this conniving and congouling.
Not at the expense, may I say, of Glasgow Celtic – but at the expense of other Clubs and Scottish Football in general who, unlike us failed to put together a post-Rangers strategy.
They’ll need to now… Here’s the News…
Rangers failed as a viable Football Club in Feb 2012.
There were No options. No viable Continuities. No Journey…
I say it’s a sad, sad day for Scottish Football but the statement today which for all intents and purposes heralds the demise of the NewCo. And in reality Sevco Rangers were IMO a lot worse that the Real Rangers, so maybe a few Clubs will grasp the nettle now.
Hail Hail
Was told a wee while ago Brian Kennedy wanted to buy out King. Price too high. Might change soon is cash really is so tight.
Cracking post from “king Jela” on hunmedia in relation to the huns (new version) being in the deep shit.
“This is f**king soul destroying, what was even the point in going through what we’ve been through only for it to happen all over again? I f**king hate life”.
Ha ha …….. We won the European Cup Kin Jela. Get that right up you ya hun monkey.
The return of The Eck, according to FF.
VFR, fancy coias on the 18th?
Got it
Warbos resigned then sevco sacked him
Or warbo was sacked by sevco then he resigned
Nope that’s too easy its something else
Developing story……….
Level five will need to spin like a centrifuge on this one csc
It’s illuminating that so called journalists are saying sevconians will be disgusted when the truth comes out…they know the truth and aren’t willing to tell it…yet!
quislingsCSC
Gordon64 11.55pm
Spot on……. Let that mob wither and do whatever , for us it’s all about ICT
TheTimReaper 11.56pm
Exactly, if only we could have…….. KT must be an inspiration to the youngsters that are there just now, it’s great having players, like KT who would be watching in the stands if not playing…….they are the ones we worship
PaulMcStayCSC
If they were to go into Admin and Hamdump say they’re the ‘same’ club – then they would be due a 25 point deduction which would put them joint bottom of the SPFL (currently).
Sounds good to me – I’ve got £1 @750/1 on thems being relegated! :-)
thoughts from the magic hat
https://youtu.be/BN1WwnEDWAM
Warburtons share price rises…
breidnotdeidCSC
For me there is a kink in the narrative reported by The Sun and repeated in The Telegraph.
Who is paying compensation to whom and for what?
The suggestion is that MW got a pay rise that included a compensation clause.
So were TRFC to be compensated by MW if MW failed to meet targets
Or
Were TRFC to be compensated if MW did reach targets making him attractive to other clubs?
The more successful MW was the higher compensation TRFC would put in the contract but regardless would want compensation if he left to go elsewhere for any reason.
Clubs tend to want compensated by other clubs if a manager is lured away so it’s pretty common.
The downside for a manager wanting out of a job he is unhappy in is that the need to pay his club compensation makes him less attractive to pursuing club, especially if they have less expensive to recruit alternative.
Now asking to allow themselves to be free to move without Forrest having to pay compensation fits that narrative and it is a win win for both sides.
Forrest though lose interest so was a second approach made to reinstate the compensation element but did TRFC see in the situation a chance to dump MW and avoid compensating him?
Given the skint nature of TRFC not to mention their meaness if spirit, which narrative is more likely?
https://pbs.twimg.com/media/C4QbWxwWYAEV5Ju.jpg
CELTIC
HH
They said there’d be dough at Sevco
They said there’d be a piece at Ibrox
But instead The Breadman kept losing
Through bitter tears the Orcs looked on.
They sold me a dream of Sevco
With floating fields and casinos bright
Jabba spun and spun more fairy stories
Till I believed in the Warby lite
They looked to the sky with blue tinted eyes
And saw a magic hat was a poor disguise
So rip up your sash, through away your scarves
The Sevco you got you deserve…
With sincere apologies to Greg Lake…
The Huns have released a statement:
https://www.youtube.com/watch?v=_kwD4xPcmWo
ACGR
I take it King Jela……is for Jelavic ? Is that in “honour” of Jelavic another player the tax evaders couldn’t afford ????
The Huns old or new don’t do irony………
Auldheid, I think yes, that’s what happened.
Sevco saw a chance to get rid of them and took it.
Warbs stitched up -though he was clearly looking around at other opportunities.
FUBAR, is the term, I think.
https://pbs.twimg.com/media/C4QVMj0WAAQ9iGH.jpg
I hope it’s our time again
lovethe scottishcupCSC
Sandman i thought of this one
https://youtu.be/tR0NUnV2zB4
Don’t gives a flying f**k , don’t get involved we are Celtic FC upwards and onwards
It’s a times like this you feel sorry for real ranjurs men like davie weir…
toofarCSC
CQN ads going nuts.
Fecking up me links.
HERE –
Ra Rangers address the press about Warburton.
https://www.youtube.com/watch?v=BdRzv9tsIOQ
Was looking for the lunar eclipse but it clouded out in West Lothian.
However it suggested an appropriate song for The end of times….. some spot on lyrics for the Tribute Act
I see a bad moon rising
I see trouble on the way
I see earthquakes and lightning
I see bad times today
Don’t go round tonight
Well its bound to take your life
There’s a bad moon on the rise
I see the hurricanes a blowing
I know the end is coming soon
I fear rivers overflowing
I hear the voice of rage and ruin
Chorus
Hope you got your things together
Hope you are quite prepared to die
Looks like we’re in for nasty weather
One eye is taken for an eye
Chorus
The Onlooker
All this conflicting information released tonight had me in a state of confusion. Warbs has resigned. Warbs hasn’t resigned. Wtf?
So I contacted Arnold, and as he is a chartered accountant with an in depth knowledge of Sevco, he was able to clarify matters for me.
It only appears that Warbo had resigned. In reality he has not resigned. Warbo’s holding company vehicle has resigned, and is no longer with Sevco, but Warbs himself is still there.
I hope that clears things up for everyone.
Thanks Arnold :)))
HH