baldeagle
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Posts posted by baldeagle
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The Pied Piper is up in Murray's office getting lessons in how to lead every one and there granny on a merry dance, Pied Piper is particularly interested in the bold Minty's flute, which as well as playing the Sash and Living in the past, blaws smoke and mirrors and also can be used to call his tame media tadgers to heel.
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Just for the record Roughie is a H** he in fact went to Cumbernauld High School and played for the school team where he was picked up by Thistle and at one time was on Rangers radar whilst play for Hibs, but ended up at Parkhead instead
Ruff Daddy is from Knightswood from a big bluenose family, he lived in the Lincoln avenue flats, now known as Taliban Towers, I used to walk along South Street with his faither, who was security in Yarrows.
I would have loved to see some of you, who are throwin the toys oot the pram and spittin the dummy, in the sixties when it was real rivalry, nae shoutin aff buses or across roads, grow a pair and leave a great Scotland keeper to his musings.
That is an absolute belter.
Rough is one of the worst goalkeepers ever to get a game for the hooped horrors, never mind get a cap for Scotland. Sad thing is that he played more times for Scotland than he did for them.
When he played, he couldn't keep weans out of a close, and as a pundit, he is the intellectual equivalent of my last sh ite.
What a guy.
What an absolute bladder, Roughy saved shots harder than your keek, post your Scotland caps up so we can see them, weans ? keep those references for T*rrier boards where they belong...
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You can't beat a good Proddy education, what happened to you.
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do we really need to go over all this huuun pish again....i see it as a compliment being called one tbh...
im proud to be one for a start and given it was the hunss that more or less saved the world from catholocism ..
then i cant see any problem to be honest.....what is the real meaning of hunn ,anyone know what you are so annoyed at?
what the hell are you talking about?????????????????
The H*** (if we are talking nazi 2nd world war type H***) were given the ok by the vatican during the second world war. No one has saved the world from catholicism. There are a lot more catholics than protestants. Being called a H** is not a term of endearment. We are Rangers fans, Bears, Gers, Teddy Bears but not H***
Im not bothered by what Roughie said but i dont like being classed under that name.
what the hell you talkin bout?????...so the feeniaans would call us a huun because the vatican backed us during the war ?????
so should we not be calling the feeeniiiansss huuns ??what the hell you talkin bout?????
Did i say any of those things?...........No
You said the H*** more or less saved the world from catholicism... i questioned that. All the way through this thread people have mentioned that H*** meaning German nazis. You will need to back up your comments because you will find that most folk do not want to be called a H**.
many years ago in a land far far away there lived a guy called ATTILA....you got it yet?
he hated RCs the romans if you dont know what RC means,cause they where trying to conquer the world ..
ATTILA and his H*** revolted and fought back that much that the romans gave in folded and offered them allsorts
cause they couldnt defeat him....GERMANS by fuck ...would love to read the full explanation on why and how we would be called germans...?
is it because we raged war on ourselves maybe..lol..?
I think we are all aware of the true meaning of the word H**, but that is not the reason that we are nicknamed H***. If only it was as noble as that.
thats my whole point of saying it doesnt bother me one bit being called it,cause all the rattlers know is the actuall word, they havnt had the education on the reason why they use it...they probably have been brainwashed in their houses of ill repute that ATTILA is the devil,hes a huuun,we must hate him
who knows what goes on inside they doors wednesdays and sundays .but i will guarantee you this its got fuck all to do with germans ..
at the time in the 16th century the swiss,hungarians and germans where dead against catholocism and backed the reformation unlike france ffs..
anyway that aside the huuns back then saw that the romans where trying to take over the world and acted...
more recently the germans saw that the jews where trying to take over the world AND WRONGLY ACTED..hence they where called hunns...
we the protestant brits stepped in with some help not by the french but the protestant resistance and the yanks and stopped them...
sorry for a history lesson but ...GERMANS WE AINT....lol
Did you go tae a timminite school....... *
the H** is a morphological form of H**
o
an offensive word for a German person, used especially during the First and Second World Wars noun informal
+
Irregular:
H*** plural; the H** plural
Now you are educated go forth and spread the word. El Papa is a H** !!!!!!
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Ironic is it not that this cowan story comes out as we are discussing roughies comments from lastnight. Cowan was the first radio pundit to ever say that dreaded word H-- live on live radio and he never ceased running down GERS with stupid jokes and silly comments. I have heard from a good source that this slagging of The Bears was all because of the kidding etc. he got at school from all his Rangers supporting mates. Revenge eh?
Your source is talkin pish, Roughy wore a rangers T shirt under his goalies jersey, when I played with him at Sighthill Amateurs.
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If you can't get away with saying something like that in the Mother Lodge then what chance have you got...
Maybe Tam was a poor man's replacement for Andy Cameron..some of his Sportsman's Dinner material is quality!
Perhaps when and if you attain the right to be addressed as Companion, you may begin to understand.
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Just for the record Roughie is a H** he in fact went to Cumbernauld High School and played for the school team where he was picked up by Thistle and at one time was on Rangers radar whilst play for Hibs, but ended up at Parkhead instead
Ruff Daddy is from Knightswood from a big bluenose family, he lived in the Lincoln avenue flats, now known as Taliban Towers, I used to walk along South Street with his faither, who was security in Yarrows.
I would have loved to see some of you, who are throwin the toys oot the pram and spittin the dummy, in the sixties when it was real rivalry, nae shoutin aff buses or across roads, grow a pair and leave a great Scotland keeper to his musings.
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Johnston although no more than Murray's puppet has organised himself a lifeboat, by distancing himself from any final decision that may go pear shaped.
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So, do you think it is spin....."Scotland's sixth-richest man, Sir David has amassed a personal fortune of £720m from business interests ranging from metals to commercial property." http://business.scotsman.com/davidmurray/Sir-David-Murray-set-to.5558845.jp
SDM's personal (non-MIH) fortune is nothing like £720m. Or even £500m.
Nae bother boss, I'll go an staun in the corner with ma pointy hat on, http://business.timesonline.co.uk/tol/business/specials/rich_list/rich_list_2009/article6105429.ece
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I don't think his personal fortune is £500 million. I think that number included his interest in MIH. Not that he doesn't have a good few million ring-fenced but, if MIH does go belly-up, he will take a substantial hit on his net worth.
So, do you think it is spin....."Scotland's sixth-richest man, Sir David has amassed a personal fortune of £720m from business interests ranging from metals to commercial property." http://business.scotsman.com/davidmurray/Sir-David-Murray-set-to.5558845.jp
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I'm loving this debate some great ideas and theories but I think we are in danger of over cooking the books on this one. here's my theory for what it's worth. Without speculating of who's involved, the buyer(s) made an offer to the bank of 60p in the £ for the debt somewhere about £18mil, the bank rebuffed the offer.
Ive never understood this theory and cant understand why more informed bods than me havent debunked it. The only reclaimable debt we have at Rangers is our overdraft which was £6 million last season and will stand at around £2 million at the end of this season at worst.
All our other debts are long term finance or loan deals that are being met and cannot be enforced until there is a default.
The only say the bank have in our purchase is their 15% shareholding in MIH which ultimately Murray can over-rule.
So we come full circle back to where it was in the beginning, Murray really is the main man and calling the shots, any deal will be at his behest.
Pretty much mate. I think he is feeling the pinch and the bite of MIH bankers though so he is far more likely to sell to an undesirable nowadays than he ever was.
Minty has and always has held all the aces, he has done the classic act, the reality is that the debt is the banks problem Murrays personal exposure is nil, it is not in the banks interests for MIH to go tits up that is why it wont, they will be burying their own money.
Not totally. The bank has its interests. They sent PricewaterhouseCoopers into MIH to have a good hard look. We don't know what the outcome of that analysis was but you don't let your bank's auditors in the door unless the bank has some ability to call the shots.
The banks can call all the shots they like, but minty has his personal fortune estimated at £500 million safely ringfenced, the bank will be firing blanks and I am sure that Murray will enjoy the bank sorting out his mess at no cost to him.
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I'm loving this debate some great ideas and theories but I think we are in danger of over cooking the books on this one. here's my theory for what it's worth. Without speculating of who's involved, the buyer(s) made an offer to the bank of 60p in the £ for the debt somewhere about £18mil, the bank rebuffed the offer.
Ive never understood this theory and cant understand why more informed bods than me havent debunked it. The only reclaimable debt we have at Rangers is our overdraft which was £6 million last season and will stand at around £2 million at the end of this season at worst.
All our other debts are long term finance or loan deals that are being met and cannot be enforced until there is a default.
The only say the bank have in our purchase is their 15% shareholding in MIH which ultimately Murray can over-rule.
So we come full circle back to where it was in the beginning, Murray really is the main man and calling the shots, any deal will be at his behest.
Pretty much mate. I think he is feeling the pinch and the bite of MIH bankers though so he is far more likely to sell to an undesirable nowadays than he ever was.
Minty has and always has held all the aces, he has done the classic act, the reality is that the debt is the banks problem Murrays personal exposure is nil, it is not in the banks interests for MIH to go tits up that is why it wont, they will be burying their own money.
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I'm loving this debate some great ideas and theories but I think we are in danger of over cooking the books on this one. here's my theory for what it's worth. Without speculating of who's involved, the buyer(s) made an offer to the bank of 60p in the £ for the debt somewhere about £18mil, the bank rebuffed the offer.
Ive never understood this theory and cant understand why more informed bods than me havent debunked it. The only reclaimable debt we have at Rangers is our overdraft which was £6 million last season and will stand at around £2 million at the end of this season at worst.
All our other debts are long term finance or loan deals that are being met and cannot be enforced until there is a default.
The only say the bank have in our purchase is their 15% shareholding in MIH which ultimately Murray can over-rule.
So we come full circle back to where it was in the beginning, Murray really is the main man and calling the shots, any deal will be at his behest.
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Interesting article, at least it sounds a lot more honest and plausible than some things that have been written, maybe Ellis was one of the Euro winners? Don't believe he would or could be a sole owner and must have something in the background to help him.
The appeal has to be, for him, his name associated with a big club, and, I would think he either has enought to get the development thing going, or, enough certain backers to do that. Its where the money is, and, the idea isnt new, and, no doubt Ellis has his ideas from a smiliar thing closer to his home
When Stamford Bridge was redeveloped in the Ken Bates era many additional features were added to the complex including two hotels, apartments, bars, restaurants, the Chelsea Megastore, and an interactive visitor attraction called Chelsea World of Sport. The intention was that these facilities would provide extra revenue to support the football side of the businessStrangely similar to the "plans" that were announced for around Ibrox
Don't see why that couldn't happen at Ibrox
Because Govan is a downmarket version of downtown Kabul.
As opposed to the Fort shopping centre right next to Easterhouse, Ruchazie etc etc
Easterhoose is Beverly hills compared to parts o Govan, believe it live the dream, wht do you think they called it the fort.
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Thanks for that HHB, you appear to know your way around a set of books, so could you perhaps decipher this from MIH accounts 2004 in terms that we less erudite in financial terms can understand.
Amounts falling due after more than one year:
Loan notes 52,958 52,958 - -
Other debtors 224 289 - -
Prepayments and accrued income - 10 - -
Deferred tax asset (note 16) ––1–,–4–4–3– –––1–,9–4–5– ––––––––- ––––––––-
–5–4–,–6–2–5– ––5–5–,2–0–2– ––––––––- ––––––––-
1–2–9–,–9–7–3– –1–1–6–,5–6–0– ––1–0–,–1–5–4– –––––8–4–7–
The loan notes were issued by Murray Sports Limited, a related party by virtue of common control. The loan notes are due for payment in the
event of a sale of all or substantially all of the shares, assets or businesses of RFC Investment Holdings Limited and/or subsidiaries. Interest
is payable at commercial rates, only in the event that Murray Sports Limited has sufficient accumulated distributable profits. In the year to 31
January 2003 a provision against the loan notes of £7,645,000 was made.
£52,958,000 appears to be a recurring figure.
I haven't looked at the MIH accounts for a while but, I think, this is linked to the money used to acquire RFC shares as part of the rights issue in 2004. Also, if memory serves me well, MIH has been writing down the value of its holding in RFC since then. In any event, it doesn't alter the actual value of RFC when sold but, if and when we see them, I would imagine the latest MIH accounts will have another big writedown for RFC.
Cheers for that HHB, that is some bag o onions you cart about, I will kid on I know what you were sayin even if I don't.
Not really. I have just been doing the job for a long time which is why I retire in three months and 16 days (early retirement btw).
All it means is that MIH accepted some time ago that RFC were not worth the money they put into the club and they have already been quietly reducing that value in their accounts. When they do finally sell the club, they will do at a loss. However, I'm not sure how big that loss will be given that in previous years (again from memory), they already booked some of that loss.
So just to refresh and to make sure I am reading the tea leaves correctly, A debt exists but we do not know what that debt now is until the publishing of MIH accounts, does that debt take into account interest at libor plus or minus or is it solely capital.
ETA. how can DD be carried out before the parent companies accounts are published, which will have an effect on valuations and liabilities ?
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Interesting article, at least it sounds a lot more honest and plausible than some things that have been written, maybe Ellis was one of the Euro winners? Don't believe he would or could be a sole owner and must have something in the background to help him.
The appeal has to be, for him, his name associated with a big club, and, I would think he either has enought to get the development thing going, or, enough certain backers to do that. Its where the money is, and, the idea isnt new, and, no doubt Ellis has his ideas from a smiliar thing closer to his home
When Stamford Bridge was redeveloped in the Ken Bates era many additional features were added to the complex including two hotels, apartments, bars, restaurants, the Chelsea Megastore, and an interactive visitor attraction called Chelsea World of Sport. The intention was that these facilities would provide extra revenue to support the football side of the businessStrangely similar to the "plans" that were announced for around Ibrox
Don't see why that couldn't happen at Ibrox
Because Govan is a downmarket version of downtown Kabul.
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Thanks for that HHB, you appear to know your way around a set of books, so could you perhaps decipher this from MIH accounts 2004 in terms that we less erudite in financial terms can understand.
Amounts falling due after more than one year:
Loan notes 52,958 52,958 - -
Other debtors 224 289 - -
Prepayments and accrued income - 10 - -
Deferred tax asset (note 16) ––1–,–4–4–3– –––1–,9–4–5– ––––––––- ––––––––-
–5–4–,–6–2–5– ––5–5–,2–0–2– ––––––––- ––––––––-
1–2–9–,–9–7–3– –1–1–6–,5–6–0– ––1–0–,–1–5–4– –––––8–4–7–
The loan notes were issued by Murray Sports Limited, a related party by virtue of common control. The loan notes are due for payment in the
event of a sale of all or substantially all of the shares, assets or businesses of RFC Investment Holdings Limited and/or subsidiaries. Interest
is payable at commercial rates, only in the event that Murray Sports Limited has sufficient accumulated distributable profits. In the year to 31
January 2003 a provision against the loan notes of £7,645,000 was made.
£52,958,000 appears to be a recurring figure.
I haven't looked at the MIH accounts for a while but, I think, this is linked to the money used to acquire RFC shares as part of the rights issue in 2004. Also, if memory serves me well, MIH has been writing down the value of its holding in RFC since then. In any event, it doesn't alter the actual value of RFC when sold but, if and when we see them, I would imagine the latest MIH accounts will have another big writedown for RFC.
Cheers for that HHB, that is some bag o onions you cart about, I will kid on I know what you were sayin even if I don't.
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My information is not taken from any press coverage. If a paper told me that the seats at Ibrox were blue, i would take a trip in just to check it out. I wont judge Ellis on what the papers tell me, i will judge him on his plans and proposals for buying our club.
My information comes from a solid source who is involved with another bid that has been in the press recently. Now it could be argued that he has a vested interest in this and would therefore want to paint Ellis in a bad light, but i trust him enough to believe that he is telling me the truth.
Why would equity partners be more realistic than "mortgaging" the club ?
What is easier to find.
1) 3 guys with £11 million each with no promise of a return investing in a business that the worldwide over loses money and very rarely offers a return on investment
OR
2) A bank that will offer you a 33% LTV against assets.
Whatever next, Minty has gone from being given a pound for his "worthless" shares and told to sling his hook to gettin £33 million for his worthless bag, the bank and Muir working in unison to destroy us, skint administration on the way to the third division
Duffy, Dave King, Park the only one missing is JR, he will probably be along later, what a crock. Minty will still be calling the shots this time next year.
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What has Boyd brought to the team in the last month? Okay well scored 2 yesterday, put the game beyond hibs at ibrox, scored the winners vs st mirren in the last round of the Scottish n played a part in edus goal that beat Celtic in the old firm game to put us 10 clear! Boyd has done more in the last month than lafferty has done in his whole rangers career!!!
penalties yesterday, done fuck all else all game, gave up to easily and looked like the boyd of old, maybe contract talks havent went his way recently or whatever
cant remember the hibs game
ball hit his arse did it not against st mirren, also add he was missing (along with the rest of the team i'll admit) that night as well
against celtic he once again failed to make an impact up front, boyd was against possibly the most inexperienced defence celtic have put out for an old firm game in many a season, he had one chance that he missed, and as for the winner, how many efforts did he want to knock the ball in from a yard out ffs, thank fuck edu was there. but the fact remians, when is boyd going to start making an impact on these celtic defenders, fuck even kenny miller has threw a couple of them about the place (loovens at the start of the season), when will boyd actually use his physique against them like darcheville and cousin have done recently,
fact is, since returning from the injury boyd has once again become the passenger he was at times last year, when everything has to be on a plate for him, and right now we need EVERYCUNT to work their socks off
Top goalscorer bar none, see if you can find another 9 passengers the same, we would be unbeatable. As for big Laffs
nae heart. 
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A few myths to be debunked on this thread.
1) During a due diligence process, it is EXTREMELY common for the books and accounts to be fully printed off and handed to the relevant parties under a confidentiality agreement. No laptop transfers or spreadsheets need to be sent across by computer but this can happen very easily. There is absolutely no valid argument to say that Ellis is not sitting in peace and quiet going through them with a fine toothcomb. It is also common that a company who is trying to sell themselves give excellent points of contact to aid the sale so if Mr Ellis comes up with any questions, his location, be it from his car in the Albion Car park, his office in London or from a tropical island 15000 miles away plays no relevance in anything.
2) The £52 million pumped in by Murray from MIH back in 2005 essentially bought MIH more shares in RFC. Whilst this money was not Murrays own cash, he now owes that money to the bank. Ultimately, if he hadnt put this money up, then he would have £52 million less debt and crudely he(or his business) would be worth £52 million more. This £52 million is not in anyway owed by Rangers. If he hadnt put this money in, then his(MIH) shares right now would be worth nearer £20 million instead of the £33 million being discussed and the £40 million market cap value.
3) "Theres no way we will be sold to someone who has the potential to ruin us" Im afraid that just isnt true. The Rangers board can only really act as an advisory to MIH on this. If MIH decide to accept the £33 million for their shares, then there is very little Rangers FC can do. With Lloyds Bank owning 15% of MIH shares, they are absolutely puting pressure on Murray to sell and his past speech about only selling us to the right person will never be more tested than in the coming weeks. In short, i dont think Murray has the option to not sell, even if it was to the devil.
4) The current bid, reported at £33 million, is for Murrays shares only. It is not to pay off any debt.
That brings me onto current state of play. Im new to here so i fully appreciate it will be treated with a pinch of salt and i dont have an issue with that.
Ellis does not have the cash to buy Rangers. The cash will come from a friendly "lender" of his to the tune of £33 million based on the assets of the club as they currently sit. If Murray sells his shares to Ellis for £33 million, then the debt from the "lender" will be switched to Rangers. None of the current debt will be cleared, currently circa £27 million and by close of play 30th June 2010, we will owe £60 million as a club. There may be funds to buy players, but they will only put us further into debt again.
For Andrew Ellis, read Malcolm Glazer.
As unpalatable as the thought of Murray carrying on just now is to many, if not most of us, he is still a safer bet than the above scenario.
I do hope your fiscal ability is somewhat better than your geographical and imperial measurement skills, but I doubt it, 15,000 miles indeed.
ETA as long as Braehead is a few miles up the road, there will be no shopping malls in Govan.
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Thanks for that HHB, you appear to know your way around a set of books, so could you perhaps decipher this from MIH accounts 2004 in terms that we less erudite in financial terms can understand.
Amounts falling due after more than one year:
Loan notes 52,958 52,958 - -
Other debtors 224 289 - -
Prepayments and accrued income - 10 - -
Deferred tax asset (note 16) ––1–,–4–4–3– –––1–,9–4–5– ––––––––- ––––––––-
–5–4–,–6–2–5– ––5–5–,2–0–2– ––––––––- ––––––––-
1–2–9–,–9–7–3– –1–1–6–,5–6–0– ––1–0–,–1–5–4– –––––8–4–7–
The loan notes were issued by Murray Sports Limited, a related party by virtue of common control. The loan notes are due for payment in the
event of a sale of all or substantially all of the shares, assets or businesses of RFC Investment Holdings Limited and/or subsidiaries. Interest
is payable at commercial rates, only in the event that Murray Sports Limited has sufficient accumulated distributable profits. In the year to 31
January 2003 a provision against the loan notes of £7,645,000 was made.
£52,958,000 appears to be a recurring figure.
It's been explained to you on a previous thread for whatever reason you have chosen not to believe that. You would also be better looking at the latest books not books from 2004 if you want the current picture.
Is that a fact now, who explained it, you really do believe MIH is going to be allowed to write of £52,958,000 used to underwrite a share issue, you are further into SDM than I thought, if you don't mind I will take a second opinion from HHB, the man knows his onions.
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Thanks for that HHB, you appear to know your way around a set of books, so could you perhaps decipher this from MIH accounts 2004 in terms that we less erudite in financial terms can understand.
Amounts falling due after more than one year:
Loan notes 52,958 52,958 - -
Other debtors 224 289 - -
Prepayments and accrued income - 10 - -
Deferred tax asset (note 16) ––1–,–4–4–3– –––1–,9–4–5– ––––––––- ––––––––-
–5–4–,–6–2–5– ––5–5–,2–0–2– ––––––––- ––––––––-
1–2–9–,–9–7–3– –1–1–6–,5–6–0– ––1–0–,–1–5–4– –––––8–4–7–
The loan notes were issued by Murray Sports Limited, a related party by virtue of common control. The loan notes are due for payment in the
event of a sale of all or substantially all of the shares, assets or businesses of RFC Investment Holdings Limited and/or subsidiaries. Interest
is payable at commercial rates, only in the event that Murray Sports Limited has sufficient accumulated distributable profits. In the year to 31
January 2003 a provision against the loan notes of £7,645,000 was made.
£52,958,000 appears to be a recurring figure.
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Says a spokesman for Andrew Ellis, also says he is not a front man for any group or consortium, he's on his own, seems the deals moving along at pace now if thats correct.
For those of you who read the article (see post #6 ... I also posted this on Follow Follow) ............
The article is the biggest load of pish I have had the misfortune to have read. It is ill-informed and demonstrates no understanding whatsoever as to how a due diligence is performed. If they cannot even get the basics right then the entire article is without merit IMHO and should be filed under B.I.N.
1. The books will be on a computer system and a) no business in the world is going to download every transaction onto a 3rd party computer especially if it is getting taken to some banana republic, b) it probably isn't practical or feasible to load the accounts onto some laptop from whatever system RFC uses (ever heard of compatibility) and 3) generally, as you go through the accounts there will be a load of questions and need for clarification and you don't do that in Zanzibar when the guys who can answer the questions are at Ibrox.
2. You need professionals to do a proper due diligence. Ellis might be good at property dealings but no-one has claimed that he is an accounting and auditing expert. Due diligence is a specialised service that your average accountant or auditor does not generally do. That is why the likes of PwC or E&Y have dedicated departments doing it.
3. This David Gilmour guy is only 5 years out of University and isn't even qualified yet (ACCA). No way is he an expert and no way is he fronting a £33 million deal. More likely he is the talking head put up to give the senior guys some peace (makes a nice change from doing the photo-copying I daresay). Maybe with 10 years more practice experience he could be called an expert.
4. And ... byraway ... I do know what I am talking about.
5. Delete which applies .....
1) the journalist is a moron
2) the journalist thinks his/her readers are morons
3) the journalist is a moron and thinks that his/her readers are morons
Good heads up m8 clarity always helps. In your considered opinion has this due diligence begun or has it even been agreed ?
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Is there anyone out there who actually believes Murray put in more than his myriad of companies took out of Ibrox ???
Priest: I'm the biggest Rangers fan in town...
in Jimmy Bell's Kitroom
Posted
cowan appeals to the lowest common denominator.