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The official "Takeover Completed" thread


Muff

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Seems to show that it's further down the road than Ellis ever got. Positive news we should take with caution as always.

As suggested this implies that minty is happy and now whyte needs to impress the chairman and board in order for them to ratify any deal.

Seems positive but I'll not be expecting anything until we know for sure.

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£25mill over 5 years is plenty IMO that way we could buy 1 or 2 good quality players per season and still bring through Young lads. A while ago Ally McCoist said in an Interview that Rangers have to take on the Ajax model of running a football club bring in youth player and sell them at a profit.

Also it will make us look for the Right players in future when we are bringing players in rather than some of the rash signings we have made in the not so distant past.

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£25mill over 5 years is plenty IMO that way we could buy 1 or 2 good quality players per season and still bring through Young lads. A while ago Ally McCoist said in an Interview that Rangers have to take on the Ajax model of running a football club bring in youth player and sell them at a profit.

Also it will make us look for the Right players in future when we are bringing players in rather than some of the rash signings we have made in the not so distant past.

I think we would be daft not to follow that route! Id take buying a cousin or cuellar every year and selling them a year on if we treble our investment, sure id rather we kept our best players but when the chance comes to recoup money and a lot more given us the chance to get in more players then we should do it. Im of the opinion that we will see the money we get from transfers but maybe not all of it, who knows though, we will have to wait and see!

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ive just had a text from my source who says that the deal is done and it should be in the papers either 2moro or sunday.

Big up for cwoodloyal, his original post informing us Whyte was going to be bidding was spot on, thank you sir, keep on your sources case and squeeze him/her/David for info.

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Craig Whyte held a “positive” introductory meeting with Alastair Johnston Today. But it is understood this meeting was not to discuss the details of the purchase but instead was an opportunity for the businessman to meet the Rangers chairman for the first time for informal talks.

The 39-year-old’s lawyers are still involved in due diligence, but apparently the takeover has been agreed to “in principle” by Whyte and SDM and. it is believed that everything is going as expected and a takeover could still be completed by Christmas or early in the New Year.

It is understood Whyte will fully fund the £33 million takeover but Andrew Ellis will still be part of the deal, with a 25 per cent stake eventually being paid back to Whyte.

The proposed offer will wipe out the club’s £27.1 million debt (as at June 30) to Lloyds TSB and also pay shareholders, including Sir David Murray, £5.5 million. Whyte and Ellis are bidding for Murray’s 92 per cent shareholding.

The deal is also believed to include a £25 million investment in Rangers’ first team squad over a period of five years, with transfer funds being made available to Walter Smith in the January transfer window if the takeover is concluded in time.

Although it still remains to be seen what Whyte’s long term plans and aims for the club are, if things are concluded as hoped, Rangers could conceivably go into the New Year with a new owner, the potential for some new faces and no debt.

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:craphead:

Big up for cwoodloyal, his original post informing us Whyte was going to be bidding was spot on, thank you sir, keep on your sources case and squeeze him/her/David for info.

did he funk daft cunt said we had been bought and never named names.

useless if you ask me :craphead:

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