Rangers Then, Sevco Now, Scotland's Shame Forever....

[Pacman1903]

Possibly, but I read somewhere they have spunked something between £60M - £70M debt in their 6 1/2 year existence.
How sustainable is that?

That cant be true as you need to submit your books to UEFA for a license. They are continually getting one. There has been no warning about their financial conduct either.Is that three seasons now. This might chance next season if whats being banded about is true.

Those phoenix f@cks will be around a long time yet, Europe or no Europe. Untill I see them banned from Europe I will take all this with a pinch of salt

[fairliered]

The more pressure the better.

[afc1903mad]

The more pressure the better.

One part that is yet to be determined, resulting in the accounts not having a clear financial requirement for the remainder of the season, is the A’s yet undefined bill they will have for the Sports Direct / Hummel kit deal which SevCo lost an was reported would be many millions.

The thing about player sales, is that they don’t get all the cash upfront, meaning they would likely need a few sales.
I read that’s why Mark Allen left them, because of failure to move players on.

I also read that the FFP rules would mean that SevCo fall foul there with their debt accumulated over the last three seasons, but I don’t know enough about that and whether the equity conversions clears that.

[RedStarTorphins]

The SFA (masonic horrible c unts), will do f uck all and let them away with the living out with their means.
They’ll also do nothing about that goggle eyed lying c unt King being “fit & proper” despite his “cold shouldering” judgement.
It’s the main reason I despise the SFA, and don’t go to Scotland matches or Scottish Cup games.
F uck the SFA.

[Devanha Red]

Fantasists galore 🤣

[afc1903mad]

Fantasists galore ��

As sure as night follows day, the rags are reporting Morelos is ready to move on and SevCo are expecting a number of bids in January.
The hawking of player sales to cover the debt has started.
Desperate times at your beloved club JT

[Kilgore trout]

Fantasists galore 🤣

ooh "Rangers back with a bang " Tediously confrontational.I

The Huns are so desperate to stop 10in a row they are relying on a high risk strategy of spending completely out with their means . They are relying on soft plans from the well heeled of Glasgow to keep their heads above water and that simply put cannot go on forever.

Clearly they have enough on field assets to dig themselves out of a receivership scenario if that was to ever arrive.

In the meantime they pay transfer fees and attract players they shouldn't be able to afford by spunking their season ticket money at beginning of the season and wealthy benefactors keeping them afloat for the rest of the season. The European money has been very serendipitous to say the least however that can't be relied upon year in year out and even with it they are posting heavy losses.


Unfortunately i agree with Pacman and think that they will stumble along financially for the next couple of seasons and either prevent the ten in a row or crash and burn spectacularly ( although surviving the process )having failed to do so.

[afc1903mad]

^^^^
Yeah, I believe its a three season rule.
But as I said, they may fudge it with the share conversion I'm not sure of the intricacies

[afc1903mad]

Remember as well, these accounts don't include the Kent (£7M) and Helander (£3M) purchases, albeit they may be paid up over time, the same would go for any player sales presumably.
so to generate £10M (£5M has been agreed by further loans) and cover any potential costs of the Sports Direct Case, they might need to generate significantly more than the £10M and at worst case, limit them going forward

[afc1903mad]

Just a bit on the FFP restrictions I just googled

https://www.bbc.co.uk/sport/football/29361839

2. What must clubs do to comply with FFP?
Uefa made its first FFP ruling in April based on club accounts from the 2011-12 and 2012-13 seasons.

Clubs can spend up to 5m euros (£3.9m) more than they earn per assessment period, although, under this monitoring period, total losses of 45m euros (£35m) were permitted as long as clubs had owners who could cover such amounts.

From now on, the assessment will be made over a rolling three-year period.

For 2014-15, losses will still be limited to 45m euros (£35m).

For 2015-16, the monitoring period will again cover the previous three seasons, but the limit will drop to 30m euros (£25.5m).

The pattern is repeated in 2016-17 and 2017-18.

In the following years the limit will be lower, with the exact amount still to be decided.

Clubs are also obliged to meet all their transfer and employee payment commitments at all times.

5. What are the possible sanctions for clubs in breach of FFP?
"The atomic bomb is a ban from European competition," said Jean-Luc Dehaene, the first chairman and chief investigator of CFCB, back in 2011 (Dehaene died in May 2014).

The CFCB's investigatory chamber can offer clubs settlement agreements, with potential punishments including warnings, fines, withholding prize money, transfer bans, points deductions, a ban on registration of new players and a restriction on the number of players who can be registered for Uefa competitions.

We've seen far bigger clubs than SevCo get hit with restrictions and even bans in Europe, so SevCo cannot be protected from the SFA / GFA bubble.

Bring it on I say