Bluedell 14 Posted February 2, 2010 Share Posted February 2, 2010 Also, if a deal of less than full repayment is done with the bank, does anyone believe that Liewell wouldn't try to attack us under SPL Rule A6.8, with particular reference to the definition of "Insolvency Event"? Whether he would succeed I'd need to defer to the lawyers. I'd like to think that prospective purchasers have already taken advice on this matter; but I hae ma doots. If it's just a commercial transaction then I doubt that Liewell or the SPL could do anything about it. Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted February 2, 2010 Share Posted February 2, 2010 Sorry, typo - not in administration... Ahahahahahaha! Had some hearts racing there Frankie! Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 2, 2010 Author Share Posted February 2, 2010 Apparently in the next few days, I wonder if they can actually afford to buy the club this time. Genuine question. If someone does buy the club at a discounted rate, and then invest the savings in the team, what would your reaction be? Amazement. Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 2, 2010 Author Share Posted February 2, 2010 i fear this could go on for a while yet,no sane person is going to invest in a club playing in the spl,it might even take years to resolve,and i can see murray comming back at some stage,after all it was him who got us in this mess,he may feel he has something to prove !!! I actually think we could turn a profit if well run. A good businessman would see the opportunity. Nae cunts going to by Rangers. You dirty smelly we inbred H**,homless alcoholic junkie of man. Come and take a look at our big cup. 1967. History can't be bought and it wont. Another thick Mick strikes again....it's BYE not BY and Homeless..you forgot the e ya beggin bastard. Hope Keane breaks his leg the night.... It's actually buy. Link to post Share on other sites More sharing options...
californiadreamin52 339 Posted February 2, 2010 Share Posted February 2, 2010 The time that has taken for a white knight to coming to our aid must now call into question if they would be buy the club for the right reasons. It now looks like our only way of getting out of this hole will be through Walter having success on the park and of course with the supporters help. In the event that we clear or partially clear our debt we would then obvious become a more attractive prospect for some fat barstewart to exploit the situation therefore I think we will see very little change until the end of the season Link to post Share on other sites More sharing options...
BLUEDIGNITY 33,723 Posted February 2, 2010 Share Posted February 2, 2010 This is interestin, so when'a awe this happenin ? Link to post Share on other sites More sharing options...
bombaybadboy08 15,660 Posted February 2, 2010 Share Posted February 2, 2010 i fear this could go on for a while yet,no sane person is going to invest in a club playing in the spl,it might even take years to resolve,and i can see murray comming back at some stage,after all it was him who got us in this mess,he may feel he has something to prove !!! I actually think we could turn a profit if well run. A good businessman would see the opportunity. Some cunts going to buy Rangers.take that from a dirty smelly we inbred f*nian,homless alcoholic junkie of man. Come and take a look at our big cup. 1967. History can't be bought but the silence of wee youth players that have been tampered with can. Link to post Share on other sites More sharing options...
come on the gers 0 Posted February 2, 2010 Share Posted February 2, 2010 I might as well ask seeing as I don't really know much about subjects like this. Does the offer of 60p in the pound mean that they can't afford to offer more or because they're trying to get the best deal possible? I'm assuming by your that it's more likely the former but I thought I'd ask anyway. Rangers are solvent. They have agreed a business plan with the bank that requires the borrowing to reduce by £1m per year. The bank in the meantime receive interest. Rangers have so far been able to adhere to the business plan without selling major assets like Davis, Bougie, McGregor, Boyd, or Murray Park. A league win this year with the subsequent CL money will stabalise the position further. So there seems little risk that the bank won't receive all their money, albeit eventually. Furthermore, I see no evidence of the fabled 60p in the pound deals for comparable, solvent businesses and the bank is certainly not going to want to set a precedent among football clubs. Also, if a deal of less than full repayment is done with the bank, does anyone believe that Liewell wouldn't try to attack us under SPL Rule A6.8, with particular reference to the definition of "Insolvency Event"? Whether he would succeed I'd need to defer to the lawyers. I'd like to think that prospective purchasers have already taken advice on this matter; but I hae ma doots. Finally, there has been much speculation of the bank's price being the amount of the debt and that gets you the shares as well. Bottom line is that none of us know that for sure. Do you think that SDM would not then fight for a price for his shares also? Every day that passes is another day that SDM/MIH/PPG's position may improve. Will SDM survive? Who knows. Could SDM survive? It's possible. Taking all that into account I am surprised that any prospective bidders can have any reason for believing an offer of 60p in the pound would even be taken seriously by the bank. The unseemly, behind-the-scenes games that some prospective bidders are playing with OUR club are a disgrace. I sense that there are many more than just me wishing to see either the colour of their money, or the back of their Bentley as they drive off into the sunset, and leave us in peace until we win the league. Many thanks for that BOSS, it helps us non-financial minded people to read the views of someone who is. Link to post Share on other sites More sharing options...
boss 1,941 Posted February 2, 2010 Share Posted February 2, 2010 If it's just a commercial transaction then I doubt that Liewell or the SPL could do anything about it. It would be a commercial transaction which had a similar effect to a CVA. Read the definition of "Insolvency Event" and then tell me that Liewell wouldn't try it. Link to post Share on other sites More sharing options...
MisterC 12,455 Posted February 2, 2010 Share Posted February 2, 2010 Liewell is that much of a cunt i wouldnt put it past him. He is a nasty piece of work who wants to give his club the maximum advantage possible while disadvantaging us as much as is possible and beyond if he could. Link to post Share on other sites More sharing options...
lidorfc 6,685 Posted February 2, 2010 Share Posted February 2, 2010 i fear this could go on for a while yet,no sane person is going to invest in a club playing in the spl,it might even take years to resolve,and i can see murray comming back at some stage,after all it was him who got us in this mess,he may feel he has something to prove !!! I actually think we could turn a profit if well run. A good businessman would see the opportunity. Nae cunts going to by Rangers. You dirty smelly we inbred H**,homless alcoholic junkie of man. Come and take a look at our big cup. 1967. History can't be bought and it wont. Another thick Mick strikes again....it's BYE not BY and Homeless..you forgot the e ya beggin bastard. Hope Keane breaks his leg the night.... It's actually buy. Ahahahaha Link to post Share on other sites More sharing options...
kingtom28 8 Posted February 2, 2010 Share Posted February 2, 2010 its about time something was happening,all we hear are rumours .and alot of shit. Link to post Share on other sites More sharing options...
PAF1982 0 Posted February 2, 2010 Share Posted February 2, 2010 im just scared we get a buyer like pompys sayin that lots of quality players will be brought in and then a few months down the line they dont even pay the players Link to post Share on other sites More sharing options...
FieldMarshall85 16 Posted February 2, 2010 Share Posted February 2, 2010 I might as well ask seeing as I don't really know much about subjects like this. Does the offer of 60p in the pound mean that they can't afford to offer more or because they're trying to get the best deal possible? I'm assuming by your that it's more likely the former but I thought I'd ask anyway. Rangers are solvent. They have agreed a business plan with the bank that requires the borrowing to reduce by £1m per year. The bank in the meantime receive interest. Rangers have so far been able to adhere to the business plan without selling major assets like Davis, Bougie, McGregor, Boyd, or Murray Park. A league win this year with the subsequent CL money will stabalise the position further. So there seems little risk that the bank won't receive all their money, albeit eventually. Furthermore, I see no evidence of the fabled 60p in the pound deals for comparable, solvent businesses and the bank is certainly not going to want to set a precedent among football clubs. Also, if a deal of less than full repayment is done with the bank, does anyone believe that Liewell wouldn't try to attack us under SPL Rule A6.8, with particular reference to the definition of "Insolvency Event"? Whether he would succeed I'd need to defer to the lawyers. I'd like to think that prospective purchasers have already taken advice on this matter; but I hae ma doots. Finally, there has been much speculation of the bank's price being the amount of the debt and that gets you the shares as well. Bottom line is that none of us know that for sure. Do you think that SDM would not then fight for a price for his shares also? Every day that passes is another day that SDM/MIH/PPG's position may improve. Will SDM survive? Who knows. Could SDM survive? It's possible. Taking all that into account I am surprised that any prospective bidders can have any reason for believing an offer of 60p in the pound would even be taken seriously by the bank. The unseemly, behind-the-scenes games that some prospective bidders are playing with OUR club are a disgrace. I sense that there are many more than just me wishing to see either the colour of their money, or the back of their Bentley as they drive off into the sunset, and leave us in peace until we win the league. I can't help but get the impression that the bank are in no hurry at all to sell Rangers, they are getting their repayments, they have no reason to accept a low bid for the club. Obviously this situation can't go on forever, my guess would be that something will happen in the summer. Link to post Share on other sites More sharing options...
Mikhailichenko 90 Posted February 2, 2010 Share Posted February 2, 2010 It is well known within banking circles that Lloyds dont like football clubs. They would be happy with a decent offer to get Rangers off their books. However they will not accept the first silly offer that comes along and would be happy enough to continue with the status quo i.e. we dont increase the debt and actually work on reducing it. Link to post Share on other sites More sharing options...
Chookes 21 Posted February 2, 2010 Share Posted February 2, 2010 Superb boss, very much appreciated. Thanks very much . Link to post Share on other sites More sharing options...
Maryann 0 Posted February 2, 2010 Share Posted February 2, 2010 so much for all this talk (on Clyde) that it would be all be done and dusted in January derek johnston has banged on about this for most of the season. and it hasnt happened. Link to post Share on other sites More sharing options...
alexceerfc 1 Posted February 2, 2010 Share Posted February 2, 2010 would be so sweet Link to post Share on other sites More sharing options...
marko10 4 Posted February 2, 2010 Share Posted February 2, 2010 the next 3 weeks will be very very intresting guys Link to post Share on other sites More sharing options...
markybear 136 Posted February 2, 2010 Share Posted February 2, 2010 Wat happens if/when we are bought over and the new owner clears the debt down to zero overdraft. Does this mean we will never have an overdraft ever again with the bank? Basically wud we only spend money that we actually do hav, ie not borrowed in away way. Personally I think rangers shud change banks after this debt is cleared, Lloyd are wankers Link to post Share on other sites More sharing options...
RFC55 110,262 Posted February 4, 2010 Share Posted February 4, 2010 GCL any more info mate, or has it all gone quiet again? Link to post Share on other sites More sharing options...
Jeff crap in the head 120 Posted February 4, 2010 Share Posted February 4, 2010 Wat happens if/when we are bought over and the new owner clears the debt down to zero overdraft. Does this mean we will never have an overdraft ever again with the bank? Basically wud we only spend money that we actually do hav, ie not borrowed in away way. Personally I think rangers shud change banks after this debt is cleared, Lloyd are wankers It's unlikely, it makes sense to operate with an overdraft facility. In a backwater league like the SPL, borrowing within our means is the only short-medium term option we have. Also why are Lloyds wankers? Any bank is going to want their money back. Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted February 4, 2010 Author Share Posted February 4, 2010 GCL any more info mate, or has it all gone quiet again? Nothing, could all have been a load of bluster...... again….. Link to post Share on other sites More sharing options...
RFC55 110,262 Posted February 4, 2010 Share Posted February 4, 2010 GCL any more info mate, or has it all gone quiet again? Nothing, could all have been a load of bluster...... again….. no probs mate Link to post Share on other sites More sharing options...
alexceerfc 1 Posted February 4, 2010 Share Posted February 4, 2010 lets hope something happens soon i duno what to take from the whole situation Link to post Share on other sites More sharing options...
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