CanadianBacon 2,088 Posted June 1, 2009 Share Posted June 1, 2009 I was told be a source who has, in the past, been very reliable, that a deal has been done by the Minted One to sell his shares in Rangers FC. There were several names mentioned and for reasons of accuracy and legality I don't wish to divulge them here, however the list looked impressive and one in particular intrigued me no end. Yes, the guy who turned the club around in the early 1980's and has never, to this day, denounced his love of Rangers FC. A not-so-well-known Glasgow businessman was mentioned (industrial pumps?) also a well known car dealer of some repute in this parish (both bluenoses) and lastly, the words "Middle East money" was thrown in for good measure. I'd heard this list (or similar) over the last few months and would have dismissed them as speculation/rumour/fantasy but for the fact that my source wouldn't pass it on if he wasn't sure..........secondly, a couple of weeks back I was told by another source who works in the financial sector that the words "due diligence" and "Rangers books" were being used in the same sentence...............again! Rumour, speculation, fantasy, wet dream........or, is it really about to happen? If it does, you heard it here first. If it doesn't....................don't shoot me, I'm only the messenger. Link to post Share on other sites More sharing options...
WVB 2,560 Posted June 1, 2009 Share Posted June 1, 2009 [takes aim] Link to post Share on other sites More sharing options...
LondonderryLoyal 2 Posted June 1, 2009 Share Posted June 1, 2009 It's been a fairly strong rumour on FF for a day or two now. Lot's of people hearing the same story. So either there's somethig in it, or it's 'Operation dole queue' Link to post Share on other sites More sharing options...
Frankie 505 Posted June 1, 2009 Share Posted June 1, 2009 I think if due diligence was being performed then we'd have all heard about it by now - considering the cost to the person submitting the request. Names like McColl and Park as well as other high net-worth bears are always going to crop up when consortium rumours appear but I think it is mainly wishful thinking in the absence of anything concrete. Over the last couple of years, we've had alleged Arab and Canadian money thrown into the mix but again it seems these rumours are nothing more than that. As such, while these threads are good fun on occasion, I think if people want to debate the issue, then we need a bit more than generic ifs and buts. PS: You can tell me the full story on Saturday... Link to post Share on other sites More sharing options...
CanadianBacon 2,088 Posted June 1, 2009 Author Share Posted June 1, 2009 I think if due diligence was being performed then we'd have all heard about it by now - considering the cost to the person submitting the request. Names like McColl and Park as well as other high net-worth bears are always going to crop up when consortium rumours appear but I think it is mainly wishful thinking in the absence of anything concrete. Over the last couple of years, we've had alleged Arab and Canadian money thrown into the mix but again it seems these rumours are nothing more than that. As such, while these threads are good fun on occasion, I think if people want to debate the issue, then we need a bit more than generic ifs and buts. PS: You can tell me the full story on Saturday... OK, it's a date. PS. Who was the OP of this one of FF? Just curious. Link to post Share on other sites More sharing options...
Jimfanciesthedude 25,030 Posted June 1, 2009 Share Posted June 1, 2009 sounds like the guy that owns weirs pumps and ian skelly is involved with some sheiky arabs lol im not believeing ANYTHING till i see it happening as long as its no a wee fergus we get in, couldnt face the cunt milking us with 4 share issues in what? 5 years was it lol Link to post Share on other sites More sharing options...
Frankie 505 Posted June 1, 2009 Share Posted June 1, 2009 PS. Who was the OP of this one of FF? Just curious. No idea mate. Link to post Share on other sites More sharing options...
LondonderryLoyal 2 Posted June 1, 2009 Share Posted June 1, 2009 PS. Who was the OP of this one of FF? Just curious. No idea mate. "clubdeckcharlie" He has near 1000 posts on there... Link to post Share on other sites More sharing options...
LondonderryLoyal 2 Posted June 1, 2009 Share Posted June 1, 2009 This is what he said 3 days ago I suppose by writing this, I am putting myself up for ridicule, but here goes anyway. Today, I met a friend / source who works in Ibrox and he told me that Rangers will be in new hands by the beginning of next week. The rumours about Souness' involvement are true and the consortium involved includes Douglas Park and sons. Sorry, can't name source, but he is in a very prominent position and you will all know him Link to post Share on other sites More sharing options...
Frankie 505 Posted June 1, 2009 Share Posted June 1, 2009 Like I say, these threads are fun enough (especially now the season has finished) but, without named sources, a waste of time really. Link to post Share on other sites More sharing options...
LondonderryLoyal 2 Posted June 1, 2009 Share Posted June 1, 2009 Agree, Frankie - all I'm saying is there's no smoke without fire. Also agree that if any party was actively observing due dilligence, it would be all over the press by now. Link to post Share on other sites More sharing options...
Bluedell 14 Posted June 1, 2009 Share Posted June 1, 2009 Some guys arrive at Ibrox and start looking at the books. Oh, it's the bank, everyone is told. They're now getting involved in running the place. Perhaps it's not the bank and it's due diligence? It wouldn't necessarily need to have hit the press. These things are usually kept very hush hush. Not that I believe the rumours though. Link to post Share on other sites More sharing options...
willboy1873 0 Posted June 1, 2009 Share Posted June 1, 2009 Could it be that, the press do have wind but are waiting to break the story! I agree with all that is being said, like I said in a thread earlier, a realible source, close to Durrant and Smith! hence all confusion over new deals etc, it is believed whoever come in is happy to role with the current regime but do want a few changes on the park! no one is saying we are getting a Man City like takeover with a bottomless pitt to spend but we wont be so skint put it that way? Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 1, 2009 Share Posted June 1, 2009 Could it be that, the press do have wind but are waiting to break the story! I agree with all that is being said, like I said in a thread earlier, a realible source, close to Durrant and Smith! hence all confusion over new deals etc, it is believed whoever come in is happy to role with the current regime but do want a few changes on the park! no one is saying we are getting a Man City like takeover with a bottomless pitt to spend but we wont be so skint put it that way? Eh you said a canadian billionare was buying us...that's quite the bottomless pit..... I seriously doubt both rumours...... Link to post Share on other sites More sharing options...
LondonderryLoyal 2 Posted June 1, 2009 Share Posted June 1, 2009 Perhaps it's not the bank and it's due diligence? It wouldn't necessarily need to have hit the press. These things are usually kept very hush hush. If due dilligence was being observed then there would be an accepted offer on the table. Trust me, it wouldn't be hush hush. Link to post Share on other sites More sharing options...
Jimenez 1 Posted June 1, 2009 Share Posted June 1, 2009 The suspense is killing me Will take the rumours with a fistful of salt.... Link to post Share on other sites More sharing options...
Bluedell 14 Posted June 1, 2009 Share Posted June 1, 2009 Perhaps it's not the bank and it's due diligence? It wouldn't necessarily need to have hit the press. These things are usually kept very hush hush. If due dilligence was being observed then there would be an accepted offer on the table. Trust me, it wouldn't be hush hush. We'll need to agree to disagree on that. I've seen deals like that being kept very quiet in the past. Link to post Share on other sites More sharing options...
BritishBear 34 Posted June 1, 2009 Share Posted June 1, 2009 For any of you financial types, When a company is taken over, what are the rules on any debt? Does all debt have to be cleared? If true, I hope the clearout begins today (it should if Bain is doing his job) and we get rid of the 10 or so wasters in our squad, before we get any money to spend. Link to post Share on other sites More sharing options...
CanadianBacon 2,088 Posted June 1, 2009 Author Share Posted June 1, 2009 I think if due diligence was being performed then we'd have all heard about it by now - considering the cost to the person submitting the request. Names like McColl and Park as well as other high net-worth bears are always going to crop up when consortium rumours appear but I think it is mainly wishful thinking in the absence of anything concrete. Over the last couple of years, we've had alleged Arab and Canadian money thrown into the mix but again it seems these rumours are nothing more than that. As such, while these threads are good fun on occasion, I think if people want to debate the issue, then we need a bit more than generic ifs and buts. PS: You can tell me the full story on Saturday... Frankie, I'm confused. As I hadn't been on their site recently I've just trundled through 12 (yes, twelve) pages of a post on FF which covers this topic - and not once did I see the name McColl from Weir Pumps mentioned. His was one of the names I had been given (I didn't mention him) I'm just curious why you used it here? As Souness himself once told my source..........."there are no secrets in football". Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted June 1, 2009 Share Posted June 1, 2009 First name that sprung to mind when i read your post and i have never heard this rumour...... Link to post Share on other sites More sharing options...
The Hammer 11 2,665 Posted June 1, 2009 Share Posted June 1, 2009 first order of business lets buy kaka Link to post Share on other sites More sharing options...
CanadianBacon 2,088 Posted June 1, 2009 Author Share Posted June 1, 2009 First name that sprung to mind when i read your post and i have never heard this rumour...... Interesting. Until Saturday (when I was told of this) his name was completely unknown to me - the car dealer guy yes, everybody knows DP, but the McColl guy was out of left field (to use baseball parlance). Like I say - 12 pages (and counting) on FF and no mention of him - it was all Park, Park, Park, Souness and Park (a Smith defence if ever I saw one - five at the back) Link to post Share on other sites More sharing options...
ClintonGrey 365 Posted June 1, 2009 Share Posted June 1, 2009 Until i see it i'll consider this rumour as a rumour Link to post Share on other sites More sharing options...
LondonderryLoyal 2 Posted June 1, 2009 Share Posted June 1, 2009 Perhaps it's not the bank and it's due diligence? It wouldn't necessarily need to have hit the press. These things are usually kept very hush hush. If due dilligence was being observed then there would be an accepted offer on the table. Trust me, it wouldn't be hush hush. We'll need to agree to disagree on that. I've seen deals like that being kept very quiet in the past. When was the last football club sold that you hadn't heard about in the media for weeks prior to the deal concluding? Link to post Share on other sites More sharing options...
kingbarry 2 Posted June 1, 2009 Share Posted June 1, 2009 [takes aim] [fires] Link to post Share on other sites More sharing options...
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