I can’t tell you how many statements I’ve read from those trying to bring down Newco Rangers (bonne chance) but not one comes near to approaching the key question: what can they offer the the men and women who own shares in Newco to convince them to accommodate their future aspirations?
Threats, intimidation and blackmail are all possible incentives, but no one has actually put a case forward which would compensate the investment made by the shareholders who, let’s remember, own all club assets.
An enormous assumption appears to have been made that hedge funds and various Easdales will capitulate and simply walk away and sign their paid-for assets over to a group who are regularly abusive towards them. It’s like 2012 all over again, when parts of the world assumed HMRC would capitulate and agree to a CVA for Oldco, despite all genuine evidence (i.e. published policy) indicating otherwise.
Game Theorists would have a ball with this scenario. Shareholders are being offered a choice, hand over your assets to a hostile opponent or attempt to continue with a vastly reduced business. The former option should not be taken seriously.
Question is, where does this particular game end? It’ll not be in an outcome satisfactory to many of those dreaming of ‘competing with Celtic’ anytime soon.
This mind-set should be familiar. It’s the same one which blamed Celtic, or small-minded small clubs, the SPL and/or SFA, blamed anyone, in fact, apart from those who endorsed years of overspend at Rangers, for their eventual demise.
Walking headlong into unsustainable debt is no different than walking headlong into a conflict with hedge funds who would sell your valued acre for landfill rather than be held to ransom.
I’ll renew my season tickets tonight (still annoyed I didn’t do so in time for the free ticket draw). Whatever happens in the wider scheme of Scottish football, one club will be supported ‘through and through’.
Yogi Bare – The John Hughes autobiography:
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Q tips?
Burgundy blazer?
-not everyone can pull off that look but TBB does it effortlessly.
Could ‘F’ stand for …foppish?
Why isn’t anybody just coming out and saying the word….
Fornicated.
There it’s done.
Faked…
I have a fear that Milliband bringing the Shadow Cabinet up here might just put the final nail in the coffin of the Better Together campaign. New Labour was designed to appeal to voters in the Tory heartlands in England. Never has had much, if any, appeal here.
ACGR
Pedrocaravangiesyerbuggieyabassman, are you coming on 10th may or do I need to sleep wi maggie,s wee bro again. I,ve got a billet booked for you.
Nae offence morrissey but I need to look out for my wee bro, plus, your mental ya bam.
—————————–
No, window shopping for handbags with Donny Toadily that day.
HH PC67
Macjay:
ABC time for me.
Fricasseed?
as worn by the Woodlands Road Jeunesse d’Oree
Fudged?
Got to be Fecund!
producing or capable of producing an abundance of offspring or new growth; highly fertile.
Sevco 3 here we go!
HH jamesgang
thebhoywithmcgraininhisside- did you get to meet up with your cousin after CQTen?
TBB
I notice BRTH wrote
“I….you have a Doppelganger”
rather than
“you must have a double”
taking no chance with you, was he?
Futile.
Fisted comes to mind.
TBB — well — you do have a doppelganger — I almost stopped to offer a lift — but then reasoned that it could not be your goodself — but was just checking.
I do not sashay — I glide like a Jedi — as a result of having had a Jedi education.
First thing, I wouldn’t want any Administration until season is officially over. Secondly any Administration would be totally different from the last. There are little or no creditors, so main purpose would be to get out of costly contracts & proceed with lower cost base. Having said that the bad part of me would just love if George Letham the guy who took out the Laxey Loan got stiffed for a million. Any Liquidation would likely be a voluntary one, there are no creditors out there to get hammered, so if Assets were again to be sold at a knock down price the only people who would be hit would be shareholders, Can’t see the hedge funds letting this happen.
FALSIFIED
kitalba
08:54 on
25 April, 2014
Macjay:
ABC time for me.
——————————————————————-
Me anaw.
From there to the Somme.
This ‘F’ word – I have the feeling it ain’t gonna be ‘Fine’.
:-)
Flambeed?
Futilely floundering
dontbrattbakkinanger
08:56 on 25 April, 2014
Yes we did, however, if truth be told it was rodow1’s cousin we were meeting. And continued to bother along with her respective other for much of the weekend that followed, if memory serves… However, my memory is a little patchy…
Thank you for the lift back into town and for the chat. Did you two enjoy the rest of your stay?
Fascistic Fantasists Follow Follow Fat Franny’s Follies.
Enough. A cooked breakfast of fried jelly n ice cream awaits me.
HH jamesgang
fieldofdrams
09:00 on 25 April, 2014
“This ‘F’ word – I have the feeling it ain’t gonna be ‘Fine’.”
and it certainly isn’t going to be “fined” either
A 99% chance of Admin 1 today!
MWD says YES.
Fratricided? As in killed by a fellow brother?
The F word…
Are Sevco’s finances Found down the back of a sofa?
for those of you from the 80’s prog-rock scene , it has to be
….
Fugazi
Funny
http://m.youtube.com/watch?v=oqiXRNqPMwk
Fictitious?
Just heard 31003 saying he’s away for a “Frys Turkish”
Could this be the mysterious F word?
Modern music
Fratellied
Fugazi fits a treat Sannabhoy!
;-)
HH jamesgang
(Tore Andre) FLOP?
60’s music
Gimee an F
Gimee a U………………
moonbeams wd. rooting for wee oscar. voting ‘yes’ on the 18th of september. kano’s yer man.
09:05 on 25 April, 2014
A 99% chance of Admin 1 today!
MWD says YES.
—-
And if it happens it will be a managed administration by them.
Allowing them to take a penalty point hit from this season without affecting their promotion and also shed debt and expensive contracts.
Any admin before the end of this season could actually be deemed a good thing for Sevco.
thebhoywith… yes, very much.
Looking forward already to CQTwenty.
FESTERING
R.i.P. Sandy Jardine a class footballer back in the day. H.H.