.Williamson. 83,874 Posted October 30, 2009 Share Posted October 30, 2009 Hi david, cheers for coming on and telling us what you think. I often find myself asking the question 'What would davidrst say to this' so cheers for clarifying matter and putting everyones mind at rest. What has he clarified? He only alledges, there's no concrete proof. We still know diddlysquat basically and won't do so until the wheels in motion are published to the Stock Exchange. Av a feelin ther wiz a touch o sarcasm in Mister C's post mate - may be wrong though. Get back in your box :pierre: I had to earlier there is no shame in this Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted October 30, 2009 Share Posted October 30, 2009 To be fair to him he is just repeating what a lot of other people have said and believe to be the truth, whether it is i guess we will have to wait and see. Link to post Share on other sites More sharing options...
GrumpyRyan 8 Posted October 30, 2009 Share Posted October 30, 2009 Here is a conundrum for you all Say there are people within Ibrox wishing to secretly get information out to the fans, who could they effectively use? Just that if they use the press, the press is talking shite or If they use members here who may be relatives or close friends...folk say the source is shite and its a rumour. So is it pointless altogether? Link to post Share on other sites More sharing options...
damien1 29 Posted October 30, 2009 Share Posted October 30, 2009 Hi david, cheers for coming on and telling us what you think. I often find myself asking the question 'What would davidrst say to this' so cheers for clarifying matter and putting everyones mind at rest. What has he clarified? He only alledges, there's no concrete proof. We still know diddlysquat basically and won't do so until the wheels in motion are published to the Stock Exchange. Av a feelin ther wiz a touch o sarcasm in Mister C's post mate - may be wrong though. Get back in your box :pierre: I had to earlier there is no shame in this Some of us aren't designed to fit in boxes Link to post Share on other sites More sharing options...
Strayk9 3 Posted October 30, 2009 Share Posted October 30, 2009 To my simple mind it's similar to owing some big fella, say, £20k and you own a car worth £25 k, (when not in a recession) and they come and tell you, I want my 20k tomorow. You don't have it so they sell your car for £20k to get the money back. So either way, you'd have to either sell the car and hope to hold out to get more that the 20k, (and risk the wrath of the big fella) then just hand the money to the people owed money, or miss out the middle man (you) and have then just have the money handed to them directly? They don't care what you paid for the car, as long they get their money, and tough luck to you? Or in this instance, Murray. Link to post Share on other sites More sharing options...
boss 1,941 Posted October 30, 2009 Share Posted October 30, 2009 you along with contacts, tannochside , the boss and still people have their heads in the sand I'm confused.com Link to post Share on other sites More sharing options...
Tea_Total 20 Posted October 30, 2009 Share Posted October 30, 2009 Question for the financially astute. This all seems to take it that the whole Rangers debt is Murray's debt. Are the other shareholders (King apparently has 4,000,000 shares I have 50 ) not responsible for any of the Rangers debt? Link to post Share on other sites More sharing options...
kanjo 26,405 Posted October 30, 2009 Share Posted October 30, 2009 alright, really...i would fully accept losing 2/3 players if it meant we had the debt wiped, and started a fresh next summer. Guys these players can't stay forever, and regardless of what we all like to think, this club means more than any player past or present combined with others. LBG should be cutting the asking price, and should be negotiable to a repayment scheme as per Scots Law when it involves a debt. say the debt is £30million, pay £15m of this, then repay the other £15million over 3 years to coincide with the clubs income, and still maintain it as a business. Another reason the Mhedia are showing themselves up with are the "bankruptcy" allegations. There is no "Bankruptcy" in Scotland, its known as Sequestration...and Rangers are an institution that wont reach this level. Right now Rangers need stability over anything else, and if Lloyds want to play hardball with selling the club, then they will suffer as is being widely reported. I expect it to only be a matter of time before things settle down. Link to post Share on other sites More sharing options...
Ryan_1 1,136 Posted October 30, 2009 Share Posted October 30, 2009 So can someone sum up whats really going on? Too many names and numbers to get my round at the minute. Link to post Share on other sites More sharing options...
tonto 0 Posted October 30, 2009 Share Posted October 30, 2009 Unfortunately another equation has to be considered, Lloyds are it is reported going to be required by the EU to sell all of their Scottish branches, they will hardly be fazed by any actions proposed in Scotland, banks do not panic, that is the forte of the people who owe zillions. Link to post Share on other sites More sharing options...
GrumpyRyan 8 Posted October 30, 2009 Share Posted October 30, 2009 Unfortunately another equation has to be considered, Lloyds are it is reported going to be required by the EU to sell all of their Scottish branches, they will hardly be fazed by any actions proposed in Scotland, banks do not panic, that is the forte of the people who owe zillions. Good Job the Chelsea fans in England are signing the petition too then :D Link to post Share on other sites More sharing options...
tonto 0 Posted October 30, 2009 Share Posted October 30, 2009 Unfortunately another equation has to be considered, Lloyds are it is reported going to be required by the EU to sell all of their Scottish branches, they will hardly be fazed by any actions proposed in Scotland, banks do not panic, that is the forte of the people who owe zillions. Good Job the Chelsea fans in England are signing the petition too then :D My point is that it could have an influence on how the bank handle the situation, they may expedite matters if they see their due debts being left behind by a forced sale of their Scottish arm, that is of course surmising the accounts are held in Scotland and not England. When it comes to fat bonuses for bankers or survival for us, I think we know what way the bankers will lean. Link to post Share on other sites More sharing options...
GrumpyRyan 8 Posted October 30, 2009 Share Posted October 30, 2009 Unfortunately another equation has to be considered, Lloyds are it is reported going to be required by the EU to sell all of their Scottish branches, they will hardly be fazed by any actions proposed in Scotland, banks do not panic, that is the forte of the people who owe zillions. Good Job the Chelsea fans in England are signing the petition too then :D My point is that it could have an influence on how the bank handle the situation, they may expedite matters if they see their due debts being left behind by a forced sale of their Scottish arm, that is of course surmising the accounts are held in Scotland and not England. When it comes to fat bonuses for bankers or survival for us, I think we know what way the bankers will lean. Sorry, wasn't having a dig or anything..just trying to lighten the mood :craphead: Link to post Share on other sites More sharing options...
MisterC 12,452 Posted October 30, 2009 Share Posted October 30, 2009 misterc sounding like a tool as usual then.................................................... Yeah cos your opinion is so valuable to me, almost as valuable as the OP's....... Link to post Share on other sites More sharing options...
tommy2212 151 Posted October 30, 2009 Share Posted October 30, 2009 misterc sounding like a tool as usual then.................................................... Yeah cos your opinion is so valuable to me, almost as valuable as the OP's....... Maybe its just me but i respect the opinion of the RST spokesmen who is obviously in a better position to know what is happening at the club than you or me, there is no need to be so disrespectful to the man. Every post i read you are either fishing or spouting some pish trying to be funny, its tiresome. Link to post Share on other sites More sharing options...
MisterC 12,452 Posted October 30, 2009 Share Posted October 30, 2009 misterc sounding like a tool as usual then.................................................... Yeah cos your opinion is so valuable to me, almost as valuable as the OP's....... Maybe its just me but i respect the opinion of the RST spokesmen who is obviously in a better position to know what is happening at the club than you or me, there is no need to be so disrespectful to the man. Every post i read you are either fishing or spouting some pish trying to be funny, its tiresome. Well there is an ignore function, perhaps if my posts bother you that much you should use it. I'm not going to respect a spokesperson for an organisation that acts the way the RST does, nothing personal against the guy, more the organisation he speaks for. Link to post Share on other sites More sharing options...
markybear 136 Posted October 30, 2009 Share Posted October 30, 2009 To my simple mind it's the similar to owing some big fella, say, £20k and you own a car worth £25 k, (when not in a recession) and they come and tell you, I want my 20k tomorow. You don't have it so they sell your car for £20k to get the money back? So either way, you'd have to either sell the car and hope to hold out to get more that the 20k, (and risk the wrath of the big fella) then just hand the money to the people owed money, or miss out the middle man (you) and have then just have the money handed to they directly? They don't care what you paid for the car, as long they get their money, and tough luck to you? Or in this instance, Murray. ive got 2 say mate i like ur analogy, we need murray out asap, if that means he gets fuk all for his shares then so be it. high risk,high stakes gambling as murray has done so often has come bak 2 bite his and our arse BIG time. it actually wudnt surprise me if wen rangers are sold and completely out of murrays life altogether that he may go bust. i dont know anyfin about his companys finances but they dont sound in gr8 shape from wat i can gather? Link to post Share on other sites More sharing options...
FlippinEck 3,748 Posted October 30, 2009 Share Posted October 30, 2009 THE Board of Directors of the Club has no further comment to make on the announcement made on Monday 26 October 2009. Further comment by the Club's Board, if any, will be in accordance with the City Code on Takeovers and Mergers by way of a further announcement to the PLUS market. As previously stated, the Club's Board has been advised by our principal shareholder, Murray International Holdings Ltd, that it is considering options regarding its shareholding in the Club. This may, or may not, lead to Murray International disposing of some or all of its stake in the Club to a third party. We would also take this opportunity to advise that, further to recent enquiries, the Club can confirm the preliminary announcement of our results for the year to 30 June 2009 will be made on 12 November 2009, with the subsequent AGM to be held at Ibrox on 7 December 2009 at 11am. Thought id punt this in here too... Link to post Share on other sites More sharing options...
TheFlyingPig 0 Posted October 30, 2009 Share Posted October 30, 2009 THE Board of Directors of the Club has no further comment to make on the announcement made on Monday 26 October 2009. Further comment by the Club's Board, if any, will be in accordance with the City Code on Takeovers and Mergers by way of a further announcement to the PLUS market. As previously stated, the Club's Board has been advised by our principal shareholder, Murray International Holdings Ltd, that it is considering options regarding its shareholding in the Club. This may, or may not, lead to Murray International disposing of some or all of its stake in the Club to a third party. We would also take this opportunity to advise that, further to recent enquiries, the Club can confirm the preliminary announcement of our results for the year to 30 June 2009 will be made on 12 November 2009, with the subsequent AGM to be held at Ibrox on 7 December 2009 at 11am. Thought id punt this in here too... We will be bought before then and how the thousands on here will rejoice. The new owner will ask for a tenner each and they will vanish. Link to post Share on other sites More sharing options...
MikeBlue 136 Posted October 30, 2009 Share Posted October 30, 2009 There seems to be a huge amount of speculation about what Rangers are worth on this thread and very little hard facts. I'm no financial expert, but surely we should look first at what it would cost to launch a hostile takeover The share capital is - 108,791,499 ordinary shares which are currently valued at 52p at close of business today. So in order to acquire a 51% share and assume control it would cost a little under 28.8M. That would allow you assume control but, of course, you would also inherit the debt and we don't know exactly what that is. Let's say it is 30M. That basically means that the maximum price to take over Rangers would be 58.8M. Doesn't matter what we think Ibrox or Murray Park is worth - that's the top price. Obviously no-one in their right mind is going to pay this - the business is in difficulty and the parent company is in real difficulty. The debt is also (probably) negotiable to some extent as the bank wants out and is looking for cash to balance the books to try and avoid serious government action. Nobody knows what the bank will settle for (but keeping them under pressure is definitely the way to go). We don't know what Murray will sell his shares for - he will be under a lot of pressure from the bank to drop the price and they can exert this because of the difficulty his other companies are in. If you simply want the cheapest price then it would be best to wait to see if the whole edifice of Murray's empire collapses and then you can pick up the Rangers shares for buttons and just negotiate the debt. Our best hope is that the main players are Rangers fans and don't want to see it go as far as this because the squad could be seriously weakened before we get to this point. Link to post Share on other sites More sharing options...
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