thplinth Posted September 12, 2014 Share Posted September 12, 2014 Posting here is relieving the unbearable tension that is building... So, Rangers eh? Quote Link to comment Share on other sites More sharing options...
Fairbairn Posted September 12, 2014 Share Posted September 12, 2014 Posting here is relieving the unbearable tension that is building... So, Rangers eh? Magic, aren't they?! Quote Link to comment Share on other sites More sharing options...
phart Posted September 12, 2014 Share Posted September 12, 2014 Posting here is relieving the unbearable tension that is building... So, Rangers eh? who could have predicted that happening eh? Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted September 12, 2014 Share Posted September 12, 2014 who could have predicted that happening eh? Me. Quote Link to comment Share on other sites More sharing options...
EddardStark Posted September 12, 2014 Share Posted September 12, 2014 The board are totally disengaged from the fans. Only the fans can effect real change but its going to be a painful process. However I think the fans are getting support from the media. Quote Link to comment Share on other sites More sharing options...
Squirrelhumper Posted September 12, 2014 Share Posted September 12, 2014 You know, we heard you 2 years ago. You don't have to keep repeating yourself. Wouldn't want you to make same mistake twice. Quote Link to comment Share on other sites More sharing options...
Fairbairn Posted September 12, 2014 Share Posted September 12, 2014 Wouldn't want you to make same mistake twice. I appreciate the thought. You can stand down now. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted September 12, 2014 Share Posted September 12, 2014 You can stand down now. Don't give him complex instructions like that. Quote Link to comment Share on other sites More sharing options...
GrantP Posted September 12, 2014 Share Posted September 12, 2014 The board are totally disengaged from the fans. Only the fans can effect real change but its going to be a painful process. However I think the fans are getting support from the media. Keith Jackson will be forever tainted with the "off the radar" comment but at least he appears to be trying to push a story rather than just regurgitate the Super Ally angle. Quote Link to comment Share on other sites More sharing options...
jailender Posted September 12, 2014 Share Posted September 12, 2014 I see Mike Ashley has said that he won't be purchasing shares in the open issue. Playing a longer game, perhaps? Quote Link to comment Share on other sites More sharing options...
thplinth Posted September 12, 2014 Share Posted September 12, 2014 Can one of the bluenoses help me out with a question. Why did Sir David Murray sell RFC (to a corporate vulture) for a fire sale solitary pound BEFORE the big tax case was even decided? Quote Link to comment Share on other sites More sharing options...
Fairbairn Posted September 12, 2014 Share Posted September 12, 2014 Can one of the bluenoses help me out with a question. Why did Sir David Murray sell RFC (to a corporate vulture) for a fire sale solitary pound BEFORE the big tax case was even decided? I think he was forced to sell by the bank and it was all linked in the bank debt at MIM. Bear in mind even without the big tax case we (he) were still about £20M in debt so I'm sure he was delighted to walk away from that. Quote Link to comment Share on other sites More sharing options...
Fairbairn Posted September 12, 2014 Share Posted September 12, 2014 I see Mike Ashley has said that he won't be purchasing shares in the open issue. Playing a longer game, perhaps? I didn't think he could buy anymore shares? I thought he was stuck at <10% (he currently has 9%) under SFA rules until he gets shot of Newcastle? Quote Link to comment Share on other sites More sharing options...
thplinth Posted September 12, 2014 Share Posted September 12, 2014 Lloyds Banking Group has injected a further £117.7 million of (debt converted to) capital into metals-to-property entrepreneur Sir David Murray’s business empire to help reduce the debt pile. This capital injection was revealed yesterday with news of a tumble in underlying profits at Murray International Holdings (MIH), and a huge exceptional write-off of £59m arising from Sir David's sale last year of 85% of Rangers Football Club to businessman Craig Whyte for £1. http://www.bbc.com/news/uk-scotland-17656555 That was 2012... This was 2010... http://www.ianfraser.org/i%E2%80%99m-still-in-the-game-says-murray/ This is the pound of flesh demanded by Lloyds — which has agreed to write off £150m of the money owed by MIH in a debt-for-equity swap — from Murray after nearly a year of negotiations. The businessman compares the experience of the past 12 months to being “stuck in a maze”. So that was 326m of debt essentially written off in less than 2 years... so why was the piddling 20m in RFC balance sheet (and I think it was maybe even less than 20 m BTW) so crucial to LLoyds Bank so much so they 'forced' Sir David to sell for a pound? I see what you are saying but it does not add up for me. Quote Link to comment Share on other sites More sharing options...
Langtonian Posted September 12, 2014 Share Posted September 12, 2014 I didn't think he could buy anymore shares? I thought he was stuck at <10% (he currently has 9%) under SFA rules until he gets shot of Newcastle? he could however underwrite the share issues which seemingly is permitted Quote Link to comment Share on other sites More sharing options...
ShedTA Posted September 12, 2014 Share Posted September 12, 2014 he could however underwrite the share issues which seemingly is permitted I dont understand that, effectively that means he would buy any shares not taken up correct? so he would then own more of rangers which is not allowed? confused. Quote Link to comment Share on other sites More sharing options...
Flure Posted September 12, 2014 Share Posted September 12, 2014 Jane Lewis @BBCJaneLewis #Rangers have raised 3.13 million pounds through their latest share issue. More on #BBC shortly. Quote Link to comment Share on other sites More sharing options...
TartanJon Posted September 12, 2014 Share Posted September 12, 2014 Well done the spivs.Keeps them in charge for longer. Quote Link to comment Share on other sites More sharing options...
TartanJon Posted September 12, 2014 Share Posted September 12, 2014 How long until the end game starts again now the spivs have made enough money to carry on ? Quote Link to comment Share on other sites More sharing options...
thplinth Posted September 12, 2014 Share Posted September 12, 2014 Rangers fans are their own worst enemy. Some might see that as karma. Quote Link to comment Share on other sites More sharing options...
phart Posted September 12, 2014 Share Posted September 12, 2014 Rangers fans are their own worst enemy. Some might see that as karma. We're all our worst enemies in the end. Quote Link to comment Share on other sites More sharing options...
phart Posted September 12, 2014 Share Posted September 12, 2014 Me. That is indeed correct Larky, in fact you'd been warning of Murray when i was still doing my undergraduate many years ago. Quote Link to comment Share on other sites More sharing options...
ShedTA Posted September 12, 2014 Share Posted September 12, 2014 Settled with imran too - £350000. Not cheap. Quote Link to comment Share on other sites More sharing options...
Larky Masher Posted September 12, 2014 Share Posted September 12, 2014 That is indeed correct Larky, in fact you'd been warning of Murray when i was still doing my undergraduate many years ago. That's makes me feel old. Quote Link to comment Share on other sites More sharing options...
phart Posted September 12, 2014 Share Posted September 12, 2014 That's makes me feel old. Same. Quote Link to comment Share on other sites More sharing options...
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