AlbertzLoyalRSC 18,073 Posted May 19, 2011 Share Posted May 19, 2011 Surely Lloyds will be told where to go after their treatment of the Club.But which other one do you think we will Bank with now?Sorry if this is a repost. Link to post Share on other sites More sharing options...
Stu1993 101 Posted May 19, 2011 Share Posted May 19, 2011 Wank Bank. Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 19, 2011 Share Posted May 19, 2011 I think they are still with Lloyds and will remain with them. They have re-financed the £4M loan for the Albion car park, with Lloyds.Strange, I know, but this is documented. Link to post Share on other sites More sharing options...
KingKirk 25,647 Posted May 19, 2011 Share Posted May 19, 2011 Surely Lloyds will be told where to go after their treatment of the Club.But which other one do you think we will Bank with now?Sorry if this is a repost.What did LLoyds do wrong? Link to post Share on other sites More sharing options...
Polo 1,433 Posted May 19, 2011 Share Posted May 19, 2011 What did LLoyds do wrong?Loaned us too much money. Link to post Share on other sites More sharing options...
DaddySpook 168 Posted May 19, 2011 Share Posted May 19, 2011 Link to post Share on other sites More sharing options...
SirWalterSmithLegend 206 Posted May 19, 2011 Share Posted May 19, 2011 We cant leave LBG until the £4m is settled. Link to post Share on other sites More sharing options...
j1mgg 3,766 Posted May 19, 2011 Share Posted May 19, 2011 Unio wankas Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted May 19, 2011 Share Posted May 19, 2011 I think they are still with Lloyds and will remain with them. They have re-financed the £4M loan for the Albion car park, with Lloyds.Strange, I know, but this is documented.Is there a reliable source for this £4 m loan?Can anyone show me where it is shown on last years accounts ? Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted May 19, 2011 Share Posted May 19, 2011 We cant leave LBG until the £4m is settled.Reliable source please on this ? Link to post Share on other sites More sharing options...
beelin 0 Posted May 19, 2011 Share Posted May 19, 2011 Help ! just when I am getting to grips with this it falls apart again, Mr Whyte said we are debt free didn't he, so how can we have any debt if we are debt free. Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,547 Posted May 19, 2011 Share Posted May 19, 2011 Loaned us too much money.no they didntthat was HBOS and murrays pal that was a big time hotshot in HBOS at the time Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 19, 2011 Share Posted May 19, 2011 Is there a reliable source for this £4 m loan?Can anyone show me where it is shown on last years accounts ?In the 2010 accounts, it is listed here:Lease creditor 4,010 (x1000)Page 26http://www.rangerspedia.org/index.php/Accounts_-_2010 Link to post Share on other sites More sharing options...
Polo 1,433 Posted May 19, 2011 Share Posted May 19, 2011 Help ! just when I am getting to grips with this it falls apart again, Mr Whyte said we are debt free didn't he, so how can we have any debt if we are debt free.Because either (i) none of the debt was ever assigned to Wavetower; or (ii) the debt was assigned to Wavetower and then re-assigned back to us*** *** copyright spangles Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 19, 2011 Share Posted May 19, 2011 Reliable source please on this ?It is understood £17 million will be paid up front to Lloyds, with a £4 million loan on Ibrox's Albion car park refinanced and paid back in instalments.http://sport.stv.tv/football/scottish-premier/rangers/247473-whyte-completes-rangers-takeover/“Lloyds will be paid £18m to clear the term loan, with a small debt still outstanding, (believed to be around £4m on a loan against the Albion Car Park across from Ibrox),” the source revealed.http://www.eveningtimes.co.uk/mobile/sport/editor-s-picks/sir-david-murray-sells-stake-in-rangers-for-one-pound-1.1100047 Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted May 19, 2011 Share Posted May 19, 2011 In the 2010 accounts, it is listed here:Lease creditor 4,010 (x1000)Page 26http://www.rangerspedia.org/index.php/Accounts_-_2010I would say it's highly doubtful a £4 million loan would be listed as a lease creditor. Why isn't our £18 m loan listed as a lease creditor? Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 19, 2011 Share Posted May 19, 2011 I would say it's highly doubtful a £4 million loan would be listed as a lease creditor. Why isn't our £18 m loan listed as a lease creditor?Because the £18M was a loan and as far as I am aware, the Car Park is a lease. Link to post Share on other sites More sharing options...
Polo 1,433 Posted May 19, 2011 Share Posted May 19, 2011 no they didntthat was HBOS and murrays pal that was a big time hotshot in HBOS at the time Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted May 19, 2011 Share Posted May 19, 2011 I said "credible source". You do realise these are part of the same crew who wrote and told pisss after piss for months on the takeover..... Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted May 19, 2011 Share Posted May 19, 2011 Because the £18M was a loan and as far as I am aware, the Car Park is a lease.Yet the two sources you used clearly say it's a loan.I've not been able to work this car park one out.On what grounds could we have a lease owed to lloyds on ground that we legally own??? Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 19, 2011 Share Posted May 19, 2011 Yet the two sources you used clearly say it's a loan.I've not been able to work this car park one out.On what grounds could we have a lease owed to lloyds on ground that we legally own???Who said we legally own it? Last I knew, Sir David Murray gifted it to a member of his family, after he bought it from Rangers and put it into MIH assets. Link to post Share on other sites More sharing options...
beelin 0 Posted May 19, 2011 Share Posted May 19, 2011 Because either (i) none of the debt was ever assigned to Wavetower; or (ii) the debt was assigned to Wavetower and then re-assigned back to us*** *** copyright spanglesThanx Polo, but I an none the wiser, is this 4 million nothing to do with us, who owes it surely not us, Mr Whyte has said we are debt free so we must be, it is clear what he says. I really thought we were going to be free of lloyds, seems not if we still owe money, which I don't believe we do, Mr Whyte would not say something like he did if he wasn't sure of his facts. Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 19, 2011 Share Posted May 19, 2011 Yet the two sources you used clearly say it's a loan.I've not been able to work this car park one out.On what grounds could we have a lease owed to lloyds on ground that we legally own???Are you just arguing for the sake of it?If we are given credit from the bank to pay for a lease, it can be seen as a loan, could it not? I did not right the news articles that state they are loans. Link to post Share on other sites More sharing options...
SirWalterSmithLegend 206 Posted May 19, 2011 Share Posted May 19, 2011 Should have said, "i think" Link to post Share on other sites More sharing options...
davie_bluenose 20 Posted May 19, 2011 Share Posted May 19, 2011 Who said we legally own it? Last I knew, Sir David Murray gifted it to a member of his family, after he bought it from Rangers and put it into MIH assets.Im sure we actually sold it to them to reduce the debt but strangely still leased it of them? Link to post Share on other sites More sharing options...
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