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Dave King Press Conference on Monday


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31 minutes ago, eskbankloyal said:

It's been said numerous times that the first share issue will raise a small amount of cash but mostly be about converting debt then they plan to have a second one. 

 

So it has.

That wouldn’t have been enough to reassure SG, surely.

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2 minutes ago, JM1872 said:

There seems to be more people surprised by this "news" than not. King and co. have a history of anti-climatic clangers, why would this be any different?

There was another poster - not esk - on here the other day who said it was definitely happening, definitely money coming in, definitely some new faces (or something along those lines). Can't remember who, but he said it would be a few weeks yet. 

Anyway, as things stand, not a pot to piss in and that's the way it looks like it'll be for a while (certainly to us not ITK). 

no cunt is ITK. Anycunt that pretends to be ITK is an attention seeking cunt. And I do know that as fact. Can pm admin my source. 

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5 minutes ago, psb07158 said:

The £6m will convert debt to equity so there won’t be any new cash into the club from that? 

There must be other money coming in, in the form of another share issue like @eskbankloyal says or Gerrard won’t have taken the job 

I agree,  otherwise why wait for res 11 to pass? Why have two board members resigned to make way for new board members? Who will be the new board members? 

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4 minutes ago, ClydebankBearWATP said:

Could look at it as 15 million from season tickets, 6 million from share issue and 3 million from hummel before any other income is generated.

24 million isn't to be sniffed at

Very true, now if we could just rid ourselves of these bloody day to day running costs like bills and wages we'd be fucking minted 

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4 minutes ago, Lothianbear said:

were a laughing stock again , septic fans rubbing it in big time , King makes us look daft

It's our own fans getting worked up over nothing that have made themselves look stupid. 

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Nobody from Rangers actually said there would be an announcement about investors today. You're all getting your knickers in a twist all because some cunts on here think they actually know something. When will you ever learn.

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11 minutes ago, Jimbeamjunior said:

Glass half full guy here, but maybe the important word here is external, the investment might be coming from guys already here, 

even if that were the case i dont think £6m will be enough

the taigs have millions sitting in the bank, all they need to do is put in what we put in and 10iar is theirs for the taking

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18 minutes ago, Lothianbear said:

were a laughing stock again , septic fans rubbing it in big time , King makes us look daft

Fuck what the fenians think, fuckin obsessed cunts.

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14 minutes ago, Jimbeamjunior said:

Glass half full guy here, but maybe the important word here is external, the investment might be coming from guys already here, 

Of course it was. Gerrard wasn't coming if there would be a change of ownership. Don't yet know about the resignations but soft loans are perfectly ok by me so long as they are guaranteed.

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2 minutes ago, With Heart and Hand said:

even if that were the case i dont think £6m will be enough

the taigs have millions sitting in the bank, all they need to do is put in what we put in and 10iar is theirs for the taking

We're not going to outspend celtic. It's going to be down to some clever and prudent management by SG aided by some cockups by celtic such as failing to qualify for CL, bad signings, complacency, etc.

 

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Something stinks here what was the offer to SG no one will convince me or anyone it was  a share issue of 6mil that made him take the job

 

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51 minutes ago, eskbankloyal said:

It's a real account. 

The content from the presser is supposed to be embargoed until 11pm tonight so not sure what else has been spoken about. It started at 11 and lasted nearly 90 minutes. 

Is that when Dave King's flight back to SA takes off?

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21 minutes ago, ritchieshearercaldow said:

Don’t forget the other half million if we come second in the league :headwall:

We’d probably make more by selling out a first round qualifier....

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4 minutes ago, Shuggy said:

We're not going to outspend celtic. It's going to be down to some clever and prudent management by SG aided by some cockups by celtic such as failing to qualify for CL, bad signings, complacency, etc.

 

im not saying we could or should try to outspend them, what im saying is that if they feel we are closing the gap they have millions in the bank, ive heard figures from 10 to 15 mil just sitting there, if they spend 5 each summer chasing 10iar then theres no way we can compete with that

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29 minutes ago, ClydebankBearWATP said:

Could look at it as 15 million from season tickets, 6 million from share issue and 3 million from hummel before any other income is generated.

24 million isn't to be sniffed at

What about the costs ? 

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