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Rangers are Rocking; Scottys Financial insight inside.


Speirs  

64 members have voted

  1. 1. Was Speirs talking the truth or lying

    • Yes
      54
    • No
      10

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Loving the bill struth quote. What a bigot he was eh?

Aww sweetie, Is Kerrydale Street closed tonight??

Anyway, always good to get a bit of fresh blood on the TAMB, welcome on board, I get the feeling you will bring a new and interesting perspective no doubt chock full of interesting facts and figures that will undoubtedly enrich us all.

Sadly, myself, I find you a wee bit dull, but I'm sure I'll be the exception :ok:

TT x

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Aww sweetie, Is Kerrydale Street closed tonight??

Anyway, always good to get a bit of fresh blood on the TAMB, welcome on board, I get the feeling you will bring a new and interesting perspective no doubt chock full of interesting facts and figures that will undoubtedly enrich us all.

Sadly, myself, I find you a wee bit dull, but I'm sure I'll be the exception :ok:

TT x

Thanks petal.

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No but he's an apartheid capitalist. He knew what was going on.

Clearly a man with very little morals.

Wonderful! You know for a fact that he exploited people then? Or are you just assuming?

You need to be careful as slandering folk can get you into bother.

Do you own any Apple products or Nike gear? If you do then you help maintain far east sweat shops. I'm sure there are other companies too that I'm not aware of.

Are your hands totally clean?

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Wonderful! You know for a fact that he exploited people then? Or are you just assuming?

You need to be careful as slandering folk can get you into bother.

Do you own any Apple products or Nike gear? If you do then you help maintain far east sweat shops. I'm sure there are other companies too that I'm not aware of.

Are your hands totally clean?

Slandering people? Was he or was he not a successful businessman during apartheid South Africa? I'm not asking for him to be locked up or not allowed to be chairman of a football club. Edited by usainboltyarocket
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Am I right in thinking Dave King sorry Mr King made much of his fortune during apartheid?

nah it was in the aftermath of post-apartheid SA that he made his money.

Interestingly it was the Weir Group that sent him to SA.

Edited by phart
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THE Board of Rangers International Football Club PLC has accepted loans totalling £1.5m from Douglas Park, George Letham and George Taylor. The funds are unsecured, interest free and no fees are payable.

The Board is delighted with this show of support.

The group has stepped in as the full extent of the financial damage caused by every regime over the last four years becomes clear.

However, Rangers interim Chairman Paul Murray wishes to assure fans their Club will recover fully despite those years of gross mismanagement.

Mr Murray, who has been studying various contracts closely since he and fellow Directors John Gilligan, Douglas Park and John Bennett gained control on March 6, said: “Many of the people who have occupied the Ibrox Boardroom during that period should be ashamed of themselves for the parts they played in dragging this great institution towards near financial ruin.

“It is actually difficult to look closely at the Club's finances and understand the rationale behind some of the decisions taken.

“Let me give just two examples of the recklessness displayed by those who were removed from office just more than two weeks ago. One is the amount - in the region of £300,000 - spent on a needless General Meeting and the other is the signing of five Newcastle loan players without medicals.

“This is simply appalling.”

The investment from the trio, who have become known as the Three Bears, secures the immediate future and will allow the new Board to continue their damage analysis before putting together their medium to long-term funding package. “We hope to present this package in the coming weeks but I want to thank George, Douglas and George who continue to demonstrate their commitment to the Club,” Mr Murray added.

The acting Chairman also pointed out that Dave King will be given the opportunity to invest in the Club in the weeks ahead. “He is not doing so at the moment,” Mr Murray pointed out “because, as we have said, we respect the processes of the SFA and must wait until they have completed their review of Dave's status before he can fully participate in the future of the Club.

“After that we will be inviting him to invest alongside the gentlemen who have just provided today's facility and others who are also willing to invest.

“We can and we will rebuild the Club and this £1.5m investment is Stage One of the process.”

It can also be revealed that Rangers will not now be progressing the drawdown of the second tranche of the Sports Direct facility.

Mr Murray was emphatic when he said: "We have already made it clear we are happy to engage with Sports Direct but the Board has decided against drawing down the second £5m tranche of Sports Direct's £10m loan.

“We are still in the process of reviewing all of the contractual relationships that Sports Direct has with the Club and we hope to conclude this review very shortly.”

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THE Board of Rangers International Football Club PLC has accepted loans totalling £1.5m from Douglas Park, George Letham and George Taylor. The funds are unsecured, interest free and no fees are payable.

The Board is delighted with this show of support.

The group has stepped in as the full extent of the financial damage caused by every regime over the last four years becomes clear.

However, Rangers interim Chairman Paul Murray wishes to assure fans their Club will recover fully despite those years of gross mismanagement.

Mr Murray, who has been studying various contracts closely since he and fellow Directors John Gilligan, Douglas Park and John Bennett gained control on March 6, said: Many of the people who have occupied the Ibrox Boardroom during that period should be ashamed of themselves for the parts they played in dragging this great institution towards near financial ruin.

It is actually difficult to look closely at the Club's finances and understand the rationale behind some of the decisions taken.

Let me give just two examples of the recklessness displayed by those who were removed from office just more than two weeks ago. One is the amount - in the region of £300,000 - spent on a needless General Meeting and the other is the signing of five Newcastle loan players without medicals.

This is simply appalling.

The investment from the trio, who have become known as the Three Bears, secures the immediate future and will allow the new Board to continue their damage analysis before putting together their medium to long-term funding package. We hope to present this package in the coming weeks but I want to thank George, Douglas and George who continue to demonstrate their commitment to the Club, Mr Murray added.

The acting Chairman also pointed out that Dave King will be given the opportunity to invest in the Club in the weeks ahead. He is not doing so at the moment, Mr Murray pointed out because, as we have said, we respect the processes of the SFA and must wait until they have completed their review of Dave's status before he can fully participate in the future of the Club.

After that we will be inviting him to invest alongside the gentlemen who have just provided today's facility and others who are also willing to invest.

We can and we will rebuild the Club and this £1.5m investment is Stage One of the process.

It can also be revealed that Rangers will not now be progressing the drawdown of the second tranche of the Sports Direct facility.

Mr Murray was emphatic when he said: "We have already made it clear we are happy to engage with Sports Direct but the Board has decided against drawing down the second £5m tranche of Sports Direct's £10m loan.

We are still in the process of reviewing all of the contractual relationships that Sports Direct has with the Club and we hope to conclude this review very shortly.

As I said yesterday, certainly saying the right things.

Am I being cynical that they aren't saying anything about the sports direct deals. 'We are still reviewing it' could maybe read 'we didn't realise how much the khunts are actually into us for'

Bloody hell, think I've been on here too long :)

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As I said yesterday, certainly saying the right things.

Am I being cynical that they aren't saying anything about the sports direct deals. 'We are still reviewing it' could maybe read 'we didn't realise how much the khunts are actually into us for'

Bloody hell, think I've been on here too long :)

No you are probably right. I guess you have to hope that they can find a way out of them.

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"Many of the people who have occupied the Ibrox Boardroom during that period should be ashamed of themselves for the parts they played in dragging this great institution towards near financial ruin."

Hmmm..you dont get much closer than Liquidation do you Mr Murray?

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"Many of the people who have occupied the Ibrox Boardroom during that period should be ashamed of themselves for the parts they played in dragging this great institution towards near financial ruin."

Hmmm..you dont get much closer than Liquidation do you Mr Murray?

Is Paul Murray talking about himself and Dave King, who were both involved in the boardroom when it all went wrong for Rangers 1872?

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