offminorthreat

nothing here. welcome to the world of business - people do deals with mates where it makes sense. not sure why everyone is looking for a conspiracy theory in the McKay drama - yes there is something behind the scenes that no one knows about, but i doubt there is anything sinister.

wow. i actually thought the new Rangers site was pretty decent...until i saw the MC one. it just looks, feels and works...well.

there are some seriously bitter people on here

mate if it was that simple i would cut a cheque for $100,000. if only. i agree fully though post the tax case, see other thread i started.

let me do some digging around RE the other SPL club and other concepts that have worked globally and i will re-post something on this thread after that. the facebook sounding out idea is a good one though once there is a sense of how others have approached it.

interesting albeit not surprising feedback given the previous administration of the club. cheers.

this

Read the first part of that post. But football manager style would be a good laugh, later Jig!!!

RST is more for gaining influence and communication with the club rather than as a financial body contributing capital as i understand it... Say I have 5,000 I want to donate, to make up a number...What do I currently do with it to benefit the club? As far as I know, there is nothing...

my personal view is that if i was to "donate" £[xxx]a year to the club, it is a donation and it is gone. your point is valid however and if something like this got up, there could be a pro-rating of any profits - i.e. a £2m player who the Supporters Fund contributed £500,000 towards (25%) then sold for £10m, if the Supporters Fund would then regain control of £2.5m that it would have discretion over. let's call it "co-ownership" of the player!

that presumes irresponsible management of the club...which is perhaps understandable given recent history... as a "willing and able" as Scottio said, i simply feel there is not a great deal more i can do to support the club without something like this as unfortunately my finances are a long way from stretching to being able to buy the club! just an idea in any case. could always spend on more junk from the megastore or booze

absolutely, fundamentally YES it should - but this would add the "icing on the cake". it is amazing what a business can do when it gets additional capital, particularly when the return that capital is looking for is not financial, rather it is purely the enjoyment of the club being successful. agree...hence the 'custodial' comment i made. how the feck it works in practice i do not know, but there are smarter people out there than me to work that out. the club does not control the money, the Fund does...and its custodians can grant the money to club if it so dictates.

Haha No. More likely the sucker who gives to the Nigerian business man...

Agree with your sentiment, but the concept is not a bail out but a Fund that has custodial arrangements so fans know where it is being spent on the squad. Imagine if it had a million quid in it and the trustee of fans could deploy that to the club to help bring [insert name of then current desperate need of player] to the club. Would make me proud as punch too have played a small part in paying for that.

Depends... spend another tenner on beer over a year which we piss up against a wall and forget about anyway, or give the tenner and see it spent on the team. I know my choice...

Could not help but notice on the new website the section on the Facebook group, showing about 225,000 people 'like' the Rangers Official Facebook group. Which got me thinking... In a relative sense, we all spend a lot of our hard earned cash on supporting the club by way of season tickets, merchandise, expenditure at the games etc. That said, we all love this club more than anything on earth and would give anything for the club to be as successful as it possibly can be. I am in the fortunate situation of being relatively comfortable in a financial sense but feel there is no way to support the club, other than buying more junk from the megastore. So, if 225,000 people can be bothered clicking a Like button on Facebook, perhaps there are a similar number who would be willing to contribute a few quid to the club each year towards a Supporters Fund that can be used by the club on the playing squad. Some people might be able to contribute say only 1 quid a year whereas others might be willing to contribute a few thousand a year. Overall though, there could be some decent money raised for the club to spend on the squad each year given the passion of the fans. Obviously the tax case cloud would need to pass and there would need to be custodial arrangements to make sure the fans money was being spent on the squad, but logistics and details aside, I would love something like this to be set up to allow me to contribute and give back to the club that has given me so much in my life. Any views on whether this would have merit?

could not have said it better myself!

i have a similar issue going on at the moment... ordered all of my Xmas shopping online. one of them happened to be from the Rangers Megastore. everything arrived on time, except for the order from Rangers Megastore. Thing is, it was dispatched on 6 December and arrived here in Australia on the 11th....the courier company (DHL) just kept it all of that time UNTIL TODAY. i literally only just received it now! i emailed and called Megastore about 5 times over the past month and each time they said they could not help me. Fortunately it was a Gers top for my 86 year old grandfather with his name on the back so i am sure the auld bluenose will still love it a month late!

really depends on what is written in the company's constitution documents, which i do not have the foggiest on. but yes, it COULD be written that he can trade them without knowledge subject to being below takeover offer thresholds as someone else posted above.

Got ya I work in private equity and so last few years has been nothing but distressed investing - fair to say that if it was Oz there are many very very very interesting but positive options that would emerge through that secured debt. Given we stole 80% of our law from the homeland, I am sure there is a creative solution under UK law if need be.

Boss, technical question if you don't mind - I have only worked in Australia, JL and Singapore and not UK.. Did Whyte acquire the Lloyds debt and was it secured debt? And if so has he retired it or does it still exist? In UK where does HMRC rank in priority to secured creditors? Just trying to work out conceptually how some form of pre-pack administration might work to retain players using the secured debt, if he still owns the debt. But as I said, no idea about UK compared to here.

Wrong. It is not up to the company to decide. For.audited accounts, it is up to the auditors. They obviously have a view that there its some likelihood that the 50m is possible.

Read my earlier post. They CAN finalize them today, but it will result in administration as they will recognise the full 50m which means we are insolvent. Sun why would you do that? Best to wait.as long as you legally can.

It could, but shareholders aka Whyte can write a "comfort letter" to the company saying he will fund operating losses. I presume these smallish losses are within high means to fund. Tack on another 50mil is where he cannot do that...