Bears bringing bank-bashing banners today?

gandhisflip · January 23, 2010

And this is going to achieve what exactly?
As far as I can tell both the club and LLoyds themselves have clarified on a number of occasions that the bank is not running the club and that a business plan has been agreed upon by both parties with regards to the best way of running the club. What is it exactly that these 'influential supporters' are failing to grasp about the situation?
Im not sure what some of our support are failing to grasp so I'll give a quick summary:-
- Major banks play casino with cash they don't have acting like a drunkedn gambling addict at 3am in the Riverboat
- Major banks lose lose lose
- Taxpayers have to bail out the irresponsible criminal banks to the tune of £2500 for each and every person in the UK. You, me, everychunt is in hock to these barstewards.
- Unemployment goes through roof as banks realising their holy, massive feck up stop lending to viable business and try and protect their assets while only being in business because the same people they are effectively sacking/helping to lose thie house actually bailed them OUT!!!!
- Said banks then decide that Rangers with a comparitive small debt - £30m to Man Utd's £710m need to pay this back pronto no matter the long term cost to the club as our venerable owner David Murray owes them almost £1bn. Yes a billion.
- Depsite other businesses in trouble across the UK paying 50-70% of debt back to get the bank funds back in they appear to be holding out for the full 100% from Rangers.
What is there not to fucking protest abot mate? No offence but see if you have no understanding of the general situation don't leap in with half thought opinions. Fair play to these guys and the "demo" on 2 levels - to the profiteering cunt banks that have caused misery to millions of British citizens through their actions FUCK YOU. To the same cunt bank who now think they can rip apart Rangers to get some short term debt back in quicker because they have acted like cunts. Then FUCK them too!
Any pressure on these bastards and a reminder to them of how their irresponsible actions have fucked the country is good in my book.

Could you tell me then at which point we have been torn apart by the bank?

We have offered contracts to all our out of contract players, we haven't been forced into a firesale of all our players, despite the papers telling us this would happen for the past 18 months, not to mention the 'brink of receivership' scaremongering.

I would argue that you have no understanding of the general situation, do you think that all debts should be simply written off because the taxpayer funded the banks recovery? Should every mortgage, overdraft, loan etc any member of the public have with Lloyds TSB simply be written off because its small fry compared to the debt held by multinational companies?

And with comparison with the debt of Manchester United for example, can you tell me which back their debt is held with? And are Man Utd and the Glazer family not coming under increasing pressure abou this level of debt? Even the likes of Portsmouth are on the brink of receivership because of their debts. So in my view it is NOT just Rangers who are in this position, every club without a billionaire benefactor is facing the same financial situation as us.

1. Our management team are working without contracts.

2. Despite there being a £17m windfall guaranteed for CL entry the bank have been unwilling to sanction new contract offers until these players can also speak to other clubs. In what way does losing key players for nothing improve the ability of Rangers to pay back the debt level - that was agreed with and approved by the bank previously.

3. We haven't signed a player for nearly 2yrs. How does complete stagnation aid the ability of the club to be more successful and increase revenues?

4. Why were key players (eg Boyd) not signed up on contracts knowing that his ,market value on a 4yr contract us closer to £6m in the current market? In whose world does £1m per year for a £6m transfer value not make sense?

5. If we were to lose our management team, key players, miss out on the CL revenue there would be no queue of investors lining up to buy Rangers. We'd be a lame duck

There are 5 quick reasons why the bank are pushing Rangers to the brink.

Onto your next, slightly naive point. Of course i don't think that all debt should be written off. Where have i said that or suggested it at all? It's common practise in this business world in these situations (as has been happening in all sectors across the country of late) where the debt is written down in exchnage for receiving the majority of it quickly. This imporves the liquidity of the bank (e.g. £20m in their coffers is better than £30m on their debt book) meaning they can then leverage this £20m x 10 = £200m they will then be able to loan to customers at a favourable interest rate.

Banks have also have many of their toxic debts written off or down or passed to the taxpayer. If the very institution threatening Rangers is able to do this why is this difficult for you to understand?

The Glazer's debt isn't held with a bank anymore (im assuming you mean bank not back - that would just be silly) - they've just completed a bond issue to fund that £710m. It'll cost them £41m a year in interest by hey ho.

On your final desperate point, clubs are facing tough times across Europe but most of them don't have their management team working like temps or are in danger of losing their top scorer for hee haw due to the bank's refusal to have him signed up last year.

BLUEDIGNITY · January 23, 2010

I would rather hear The Billy Boys belted out ! :sherlock:

docspiderman · January 23, 2010

And this is going to achieve what exactly?
As far as I can tell both the club and LLoyds themselves have clarified on a number of occasions that the bank is not running the club and that a business plan has been agreed upon by both parties with regards to the best way of running the club. What is it exactly that these 'influential supporters' are failing to grasp about the situation?
Im not sure what some of our support are failing to grasp so I'll give a quick summary:-
- Major banks play casino with cash they don't have acting like a drunkedn gambling addict at 3am in the Riverboat
- Major banks lose lose lose
- Taxpayers have to bail out the irresponsible criminal banks to the tune of £2500 for each and every person in the UK. You, me, everychunt is in hock to these barstewards.
- Unemployment goes through roof as banks realising their holy, massive feck up stop lending to viable business and try and protect their assets while only being in business because the same people they are effectively sacking/helping to lose thie house actually bailed them OUT!!!!
- Said banks then decide that Rangers with a comparitive small debt - £30m to Man Utd's £710m need to pay this back pronto no matter the long term cost to the club as our venerable owner David Murray owes them almost £1bn. Yes a billion.- Depsite other businesses in trouble across the UK paying 50-70% of debt back to get the bank funds back in they appear to be holding out for the full 100% from Rangers.
What is there not to fucking protest abot mate? No offence but see if you have no understanding of the general situation don't leap in with half thought opinions. Fair play to these guys and the "demo" on 2 levels - to the profiteering cunt banks that have caused misery to millions of British citizens through their actions FUCK YOU. To the same cunt bank who now think they can rip apart Rangers to get some short term debt back in quicker because they have acted like cunts. Then FUCK them too!
Any pressure on these bastards and a reminder to them of how their irresponsible actions have fucked the country is good in my book. :praise: :praise:

The repayment is structured over a long term as in the financial accounts.The overdraft facility was agreed in December and will be reviewed next December again as in the accounts. Obviously I may be mistaken but I have never sen anything officially stating that the bank wants the debt paid back other than in the way agreed.

HeNdRyRFC1873 · January 23, 2010

I would rather hear The Billy Boys belted out !

you may get your wish today BD

I've got a feelin :pierre:

flecky1 · January 23, 2010

FFS is this gony help?

i cant see it

i long for the day we no longer have to use the fuckin bank! c'mon buyers, speed it up, get these cunts paid and get them to fuck.

i can only see more splits within the fans with shite like this

GeneralCartmanLee · January 23, 2010

And this is going to achieve what exactly?
As far as I can tell both the club and LLoyds themselves have clarified on a number of occasions that the bank is not running the club and that a business plan has been agreed upon by both parties with regards to the best way of running the club. What is it exactly that these 'influential supporters' are failing to grasp about the situation?
Im not sure what some of our support are failing to grasp so I'll give a quick summary:-
- Major banks play casino with cash they don't have acting like a drunkedn gambling addict at 3am in the Riverboat
- Major banks lose lose lose
- Taxpayers have to bail out the irresponsible criminal banks to the tune of £2500 for each and every person in the UK. You, me, everychunt is in hock to these barstewards.
- Unemployment goes through roof as banks realising their holy, massive feck up stop lending to viable business and try and protect their assets while only being in business because the same people they are effectively sacking/helping to lose thie house actually bailed them OUT!!!!
- Said banks then decide that Rangers with a comparitive small debt - £30m to Man Utd's £710m need to pay this back pronto no matter the long term cost to the club as our venerable owner David Murray owes them almost £1bn. Yes a billion.- Depsite other businesses in trouble across the UK paying 50-70% of debt back to get the bank funds back in they appear to be holding out for the full 100% from Rangers.
What is there not to fucking protest abot mate? No offence but see if you have no understanding of the general situation don't leap in with half thought opinions. Fair play to these guys and the "demo" on 2 levels - to the profiteering cunt banks that have caused misery to millions of British citizens through their actions FUCK YOU. To the same cunt bank who now think they can rip apart Rangers to get some short term debt back in quicker because they have acted like cunts. Then FUCK them too!
Any pressure on these bastards and a reminder to them of how their irresponsible actions have fucked the country is good in my book.