KingBillyLives 27 Posted June 1, 2012 Share Posted June 1, 2012 I wish the release clauses could be written out when the full pay returnsThey could be ... if we pay them the wages they didn't get. Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted June 1, 2012 Share Posted June 1, 2012 I really hope there's some sort of backup plan for this mate That is the back-up plan, it would seem. Quote Link to post Share on other sites More sharing options...
iain1712 336 Posted June 1, 2012 Share Posted June 1, 2012 8,5mill loan from greens mob over 8 years is massive At the level we need to operate after this is over yes I think 8.5m is fucking massive I remember a quote saying debt free what happened to that ? Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted June 2, 2012 Share Posted June 2, 2012 At the level we need to operate after this is over yes I think 8.5m is fucking massive I remember a quote saying debt free what happened to that ?we were paying a million a year to Lloyds for the next 18 before Whyte came here, this new debt is the same as previous payouts except its a shorter term and we dont have the bi tax case over our arses Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted June 2, 2012 Share Posted June 2, 2012 we were paying a million a year to Lloyds for the next 18 before Whyte came here, this new debt is the same as previous payouts except its a shorter term and we dont have the bi tax case over our arsesWhat about the debt-free shite Green came out with? Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted June 2, 2012 Share Posted June 2, 2012 What about the debt-free shite Green came out with?until we see the full deal we might be, for all we known the sensationalist media missed a part saying "if the club is trading at a loss in 2020 then the loan is waived"Who knows and who cares, just lets get out of this administration first before etting the pitchforks and flaming torches out for Green Quote Link to post Share on other sites More sharing options...
sprotson11 147 Posted June 2, 2012 Share Posted June 2, 2012 What about the debt-free shite Green came out with?Exactly, I am going off the guy as more and more of what he has said is exposed as untrue Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted June 2, 2012 Share Posted June 2, 2012 until we see the full deal we might be, for all we known the sensationalist media missed a part saying "if the club is trading at a loss in 2020 then the loan is waived"Who knows and who cares, just lets get out of this administration first before etting the pitchforks and flaming torches out for GreenFucking typical response. Blame the media for putting out a false CVA proposal. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted June 2, 2012 Share Posted June 2, 2012 until we see the full deal we might be, for all we known the sensationalist media missed a part saying "if the club is trading at a loss in 2020 then the loan is waived"Who knows and who cares, just lets get out of this administration first before etting the pitchforks and flaming torches out for GreenSpot on bud The same negative voices still want to look beyond any positives that are showing within our situation.Some people really do need to waken up and realise that we have to get out of admin and quite frankly no one else is doing anything. Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted June 2, 2012 Share Posted June 2, 2012 Fucking typical response. Blame the media for putting out a false CVA proposal. whats false about the CVA proposal, the creditors still getting what green's mob offered them, so we have to pay a million back a year to green's mob (if that is the stipulation, it might be that in 2020 they sell the club and a new owner pays the loan back)at least we are still here, if the CVA gets knocked back it gets knocked back, we have had a couple of months to think that way anyway considering how tbk were fannying around Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted June 2, 2012 Share Posted June 2, 2012 we were paying a million a year to Lloyds for the next 18 before Whyte came here, this new debt is the same as previous payouts except its a shorter term and we dont have the bi tax case over our arsesDid we win? Quote Link to post Share on other sites More sharing options...
caseyjones 3,009 Posted June 2, 2012 Share Posted June 2, 2012 whats false about the CVA proposal, the creditors still getting what green's mob offered them, so we have to pay a million back a year to green's mob (if that is the stipulation, it might be that in 2020 they sell the club and a new owner pays the loan back)at least we are still here, if the CVA gets knocked back it gets knocked back, we have had a couple of months to think that way anyway considering how tbk were fannying aroundYou're the one claiming that the media will be misrepresenting the Sevco loan. Now you're relying on whataboutery. Painful. Quote Link to post Share on other sites More sharing options...
The Monk 3,207 Posted June 2, 2012 Share Posted June 2, 2012 FORMER Newcastle chairman Freddy Shepherd has told Charles Green he is still prepared to pump his millions into Rangers – but only if he receives a written guarantee his cash won’t be gobbled up by the taxman.Shepherd was quickly unmasked as one of the 20 core investors Green claimed to have already signed up to bankroll his £8.5million takeover of the stricken Ibrox club when the Yorkshireman first emerged as a late frontrunner for control.The 70-year-old admitted in an exclusive interview with Record Sport he had been approached by Green and asked if he would plough some of his cash into the salvage mission.But since then Green’s group of willing financial backers has dwindled from 20 to around five or six with even Green’s closest business partner, Mike McDonald, heading for the hills with wallet in hand.Scrap metal dealer McDonald – Green’s former chairman at Sheffield United – confirmed to this paper just last week he had walked away from the takeover because an SFA-imposed transfer ban had scuppered his money-spinning plan to help fund new signings for Ally McCoist’s squad and then claim “part ownership” on any player secured with his cash.He may re-enter the fray now the transfer embargo has been lifted but what is more certain is Shepherd remains “seriously interested” in joining up with Green’s gang so long as the club’s long-running multi-million pound battle with HMRC is declared officially over.Shepherd has told Green he will only be prepared to dip into his personal fortunes when he has received confirmation in written form the authorities over the ongoing Big Tax Case.He wants clarification any potential penalties following the outcome of that tribunal, over the misuse of Employee Benefit Trusts, will be swallowed up in the CVA proposal which Green made public on Tuesday.Administrators Duff and Phelps claim the sums involved could be as high as £75m while others close to the case expect Rangers to be hit with a fine of no more than to £10-12m.Whatever the final amount, Green is hopeful HMRC will be prepared to write it off as part of his £8.5m pence-in-the-pound pot.Green believes more money can be clawed back for the public purse that way than by forcing liquidation on the club and an asset sale of Ibrox and Murray Park worth just £5.5m – with almost all of that total already earmarked for paying the Duff and Phelps bill.However, the Big Tax Case – which was meant to be resolved months ago – is still awaiting a final decision.And Shepherd – who expects to be given a seat on Green’s new board of directors – will not pledge any of his money to the takeover until he is given cast-iron assurances the crisis-ravaged club won’t be floored again with another massive tax bill as soon as the keys to the front door have been exchanged.A source close to the controversial Geordie told Record Sport last night said: “There has been a lot of speculation about Freddy’s position ever since he admitted in your paper he had been invited to invest by Charles Green.“But just because things have gone quiet it does not mean that Freddy is no longer interested. On the contrary, he very much is.“The problem is he is waiting for Green to come back to him with some crucial information regarding the situation with the tax case. Like everyone, Freddy has had experiences with the taxman before and let’s just say he will not hand over a penny until he knows, with absolute certainty, the authorities will not be back with their hands out again.“Freddy is a shrewd guy – that’s why Green wants him on the board – so he’s not going to leave himself exposed to debts which have been built up by others over the years. He’ll only come in if the slate is wiped clean and it’s up to Green to prove to him that it has been.” Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted June 2, 2012 Share Posted June 2, 2012 Did we win?even if we dont the CVA covers it Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted June 2, 2012 Share Posted June 2, 2012 You're the one claiming that the media will be misrepresenting the Sevco loan. Now you're relying on whataboutery. Painful.do you know that they arent, The recent BBC pish show is evidence that not everything is reported, at the end of the day who cares as long as we have a club to support right?this 8.5mill loan could be paid back by a player transfer or two, especially if the consortium wishes to give us money for players that will have a resale value, but imo the 8.5mill loan is a lower priority just now than most other things, why people are making a big deal of it is strange Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted June 2, 2012 Share Posted June 2, 2012 do you know that they arent, The recent BBC pish show is evidence that not everything is reported, at the end of the day who cares as long as we have a club to support right?this 8.5mill loan could be paid back by a player transfer or two, especially if the consortium wishes to give us money for players that will have a resale value, but imo the 8.5mill loan is a lower priority just now than most other things, why people are making a big deal of it is strangeMoaning minnies......the apt description.........they say as long as the club come out of this ok.............then they slag off every attempt to get the club moving forward. Think it could be due to a lack of business acumen. Quote Link to post Share on other sites More sharing options...
Daniel Amokachi 14 Posted June 2, 2012 Share Posted June 2, 2012 we were paying a million a year to Lloyds for the next 18 before Whyte came here, this new debt is the same as previous payouts except its a shorter term and we dont have the bi tax case over our arsesYou mean the same debts we couldn't substain? Quote Link to post Share on other sites More sharing options...
Daniel Amokachi 14 Posted June 2, 2012 Share Posted June 2, 2012 until we see the full deal we might be, for all we known the sensationalist media missed a part saying "if the club is trading at a loss in 2020 then the loan is waived"Who knows and who cares, just lets get out of this administration first before etting the pitchforks and flaming torches out for GreenWho knows and who cares?I've heard that before Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted June 2, 2012 Share Posted June 2, 2012 Very strange. Green is coming up with the cash to save Rangers when nobody else will and some are greeting that he wants it back someday.I can only think they must have hated TBK as they were going to put us in at least £10m of debt for Ticketus and then hit us with share issues.Just as well they failed or some of the folk on here would be raging. Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 24,540 Posted June 2, 2012 Share Posted June 2, 2012 You mean the same debts we couldn't substain?we were sustaining the Lloyds 1mill a year payback, but the Big Tax Case was the worry Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted June 2, 2012 Share Posted June 2, 2012 even if we dont the CVA covers itHow can it be included in the CVA when the outcome is as of yet, unknown, this is what i don't get. If they agree to a CVA, the case is just dropped?Don't we owe them something like £14m odds plus the big tax case, and then all the rest of our debt on top of that, and that will all be cleared from what? £8.5m creditors pot less the administrators fee of around £5m? Leaving £3.5m to clear possibly £100m in debt?This is so confusing. Quote Link to post Share on other sites More sharing options...
elephants stoned 2,994 Posted June 2, 2012 Share Posted June 2, 2012 How can it be included in the CVA when the outcome is as of yet, unknown, this is what i don't get. If they agree to a CVA, the case is just dropped?Don't we owe them something like £14m odds plus the big tax case, and then all the rest of our debt on top of that, and that will all be cleared from what? £8.5m creditors pot less the administrators fee of around £5m? Leaving £3.5m to clear possibly £100m in debt?This is so confusing.I think the hope is that HMRC will agree to the CVA covering all tax debts including the FTT because if they dont we will newco and they will get nothing at all. Kinda game of call their bluff Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted June 2, 2012 Share Posted June 2, 2012 I think the hope is that HMRC will agree to the CVA covering all tax debts including the FTT because if they dont we will newco and they will get nothing at all. Kinda game of call their bluffSo basically no one except the administrators and HMRC know if the FTT is included in the CVA, we are just hoping it will be? Given the level of total potential debt and knowing what the creditors pot is, i don't see anyway the FTT can be included in it. But then again, why would anyone buy the club with the FTT still undecided? Quote Link to post Share on other sites More sharing options...
iain1712 336 Posted June 2, 2012 Share Posted June 2, 2012 we were sustaining the Lloyds 1mill a year payback, but the Big Tax Case was the worryThat was the problem in a nutshell with the big tax case looming the club was not creditworthy and loyds wanted their money straight away just incase the club lost. I really want to know why there still has been no decision on this case.It's the uncertainty about this case which has led us to where we are today Quote Link to post Share on other sites More sharing options...
Rfc#1. 1,877 Posted June 2, 2012 Share Posted June 2, 2012 What about the debt-free shite Green came out with?Did he not say when he left,then the club would be debt free? That was how I understood it but could be I've misinterpreted what he meant. Quote Link to post Share on other sites More sharing options...
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