The official "Takeover Completed" thread

[Frankie 505]

Frankie i read people go on about asset stripping etc, but surely if these guys want to make money they have to run the club properly?

I'm not sure the club has any assets to strip to be honest.

Obviously the stadium and the training ground are about as much as we have to offer. Therefore, any new owner may feel a sale and leaseback of either of those may benefit the club but I doubt they'd opt for this given the likely criticism/opposition.

That leaves redevelopment of the stadium or Murray Park. Questions would have to be asked what is possible in that regard given MIH/PPG were unable to follow through on their proposals.

For example, Murray Park does sit on some prime land but IIRC may also be within a green belt or flood plain? In principle a sale of this land may well be possible but again I doubt the fans would support this unless an alternative was built before hand. Would a sale realise enough money to fund a bigger, better facility (say much closer to Ibrox) and enable money to be made in a climate where property is struggling? I doubt it.

[Frankie 505]

Expect tae see a new hotel, etc. in the Ibrox area if this goes through.

Chelsea made a success of such a project.

Only other club in Britain to have their own hotel is Killie - unfortuantely they fucked up wae theirs.

Obviously there is space (and planning permission IIRC) for such a development.

However, like you say, the success of this would be far from guaranteed and who would be paying for the risk?

[RFC55 108,740]

I'm not sure the club has any assets to strip to be honest.

Obviously the stadium and the training ground are about as much as we have to offer. Therefore, any new owner may feel a sale and leaseback of either of those may benefit the club but I doubt they'd opt for this given the likely criticism/opposition.

That leaves redevelopment of the stadium or Murray Park. Questions would have to be asked what is possible in that regard given MIH/PPG were unable to follow through on their proposals.

For example, Murray Park does sit on some prime land but IIRC may also be within a green belt or flood plain? In principle a sale of this land may well be possible but again I doubt the fans would support this unless an alternative was built before hand. Would a sale realise enough money to fund a bigger, better facility (say much closer to Ibrox) and enable money to be made in a climate where property is struggling? I doubt it.

I dont see it myself tbh Frankie. Surely if MP was sold off for instance when it came to sell up time for the new owners then surely they would be making a loss on what they paid? Considering that would be another assest struck off the list so to speak?

I remain optimistic but slightly sceptical obviously

[Frankie 505]

I dont see it myself tbh Frankie. Surely if MP was sold off for instance when it came to sell up time for the new owners then surely they would be making a loss on what they paid? Considering that would be another assest struck off the list so to speak?

I remain optimistic but slightly sceptical obviously

IIRC, Murray Park cost £14million to build at the start of this century.

I'm no builder but I'd fancy a newer, bigger and better version would cost a hell of a lot more - especially with land costs to factor in.

Surely there is no way anyone could sell this land and replace the training ground yet still make enough profit to make it worthwhile for themselves?

[thebooler 4,509]

Obviously there is space (and planning permission IIRC) for such a development.

However, like you say, the success of this would be far from guaranteed and who would be paying for the risk?

I think this is where Ellis, and a few others, will come into play Frankie.

I'd be dead against them selling off Murray Park before replacing it with a similar facility, but it would/could be an option.

Incidentally, and slightly off topic, does the fact the players are only in Ibrox on a matchday not tell us something about our home form?

Is it really a "home" game for them now, considering how quiet the support is as well?

Again, compare KIllie's home record and there's a similar pattern emerges, as they also train away from Rugby Park, only attending there on match days.

A top class hotel with an adjoining Sports Bar (Rangers themed obviously) and things such as a Betting Shop, Souvenir Shop, Rangers Mega Store, and various different retail outlets would be great for the club and the area.

[spangles 7]

Ellis never done his homework last time, MP is on a flood plain and Ibrox is under the G52 plan, neither has changed, I just hope that horrible hugh aka triple H is not lurking in the background, now that guy could get meat off a bleached bone.

[thebooler 4,509]

Very good fanny baws

Seriously though imagine gone into the missus and saying "right sweety get your glad rags oan were gone for a filthy weekend at the Killie hotel" I know thats a holiday tae you Ayrshire lads though

Getting a wumman for the night is like a holiday tae us Ayrshire lads!

[RFC55 108,740]

Getting a wumman for the night is like a holiday tae us Ayrshire lads!

[Guardian 4,281]

The one thing nobody has mentioned for ages is the tax case. Since this whole takeover saga came alive with 2 "bids" on the same day as the case reopened, it looks safe to assume it isn't going to have much impact on Rangers, if any.

[CanadianBacon 2,088]

FFS just because nobody knows how much whyte has doesnt mean that hes not got anything People like spangles and CB know nothing about him. All they are going on is their gut instinct and they are giving no proof of their reason to be sceptical.

I have information on him, some of which is in the public domain and some that isn't.

It's the "some that isn't" that has me shitting my breeks at the thought of him and the London barrow boy being anywhere near the Club.

Oh - and for the record - I'll not be publishing it on here (for the moment) as it is said that the London-based spiv is more litigious than George Gallowgate with a drink in him.

I doubt RM needs a legal battle right now - nor do I.

However, even if I didn't have any information about him my "gut instinct" (well put - thanks) tells me that this deal stinks to the high fucking Heavens.

In life your gut instinct often proves to be the correct one.

[RFC55 108,740]

I have information on him, some of which is in the public domain and some that isn't.

It's the "some that isn't" that has me shitting my breeks at the thought of him and the London barrow boy being anywhere near the Club.

Oh - and for the record - I'll not be publishing it on here (for the moment) as it is said that the London-based spiv is more litigious than George Gallowgate with a drink in him.

I doubt RM needs a legal battle right now - nor do I.

However, even if I didn't have any information about him my "gut feeling" (well put - thanks) tells me that this deal stinks to the high fucking Heavens.

In life your gut instinct often proves to be the correct one.

CB surely he will be going infront of the current board with a business plan. I know they cant stop any takeover but im sure they could kick up a real fuss if they believe we are in danger?

[ogbg 20]

Ellis never done his homework last time, MP is on a flood plain and Ibrox is under the G52 plan, neither has changed, I just hope that horrible hugh aka triple H is not lurking in the background, now that guy could get meat off a bleached bone.

Who's Horrible Hugh?

[blueben_d 40]

I have information on him, some of which is in the public domain and some that isn't.

It's the "some that isn't" that has me shitting my breeks at the thought of him and the London barrow boy being anywhere near the Club.

Oh - and for the record - I'll not be publishing it on here (for the moment) as it is said that the London-based spiv is more litigious than George Gallowgate with a drink in him.

I doubt RM needs a legal battle right now - nor do I.

However, even if I didn't have any information about him my "gut instinct" (well put - thanks) tells me that this deal stinks to the high fucking Heavens.

In life your gut instinct often proves to be the correct one.

If he could take you to court for saying something on a website then I can Only conclude that what you have is either pure speculation or outright lies.

He couldn't sue you for telling the truth.

[CanadianBacon 2,088]

CB surely he will be going infront of the current board with a business plan. I know they cant stop any takeover but im sure they could kick up a real fuss if they believe we are in danger?

Ask yourself one question.

Why would a Rangers supporter living anywhere in the world need to be told by a third party (Ellis - a non-Rangers man) that the club you claim to support has been on the market for five years?

I find that first one difficult to take in given that there are Bears in all five Continents, some living in the back of beyond, who know we're for sale.

For me - that's his first porkie.

Second - it's January 2011 and the transfer window is open - you're a so-called £'billionaire Rangers man (even though you've not long since found out that the Club has been for sale for five years) and you sit with your £'billionaire hands in your £'billionaire fucking pockets and watch the Club scrimp and scrape the odd loan deal whilst it sells off Scotland's top goal scorer for a pittance - knowing that this can only hurt the Club you claim to support.

It stinks, it stinks and it stinks again.

[RFC55 108,740]

Ask yourself one question.

Why would a Rangers supporter living anywhere in the world need to be told by a third party (Ellis - a non-Rangers man) that the club you claim to support has been on the market for five years?

I find that first one difficult to take in given that there are Bears in all five Continents, some living in the back of beyond, who know we're for sale.

For me - that's his first porkie.

Second - it's January 2011 and the transfer window is open - you're a so-called £'billionaire Rangers man (even though you've not long since found out that the Club has been for sale for five years) and you sit with your £'billionaire hands in your £'billionaire fucking pockets and watch the Club scrimp and scrape the odd loan deal whilst it sells off Scotland's top goal scorer for a pittance - knowing that this can only hurt the Club you claim to support.

It stinks, it stinks and it stinks again.

CB he has never once stated to my knowledge he was a billionaire. Like many of the deadlines its been journos who have said 48 hours etc. I dont know if Whyte had to be told by Ellis or whether at the point in time he never had the wonga required to buy Rangers.

Apparently he has the money waiting and in an account with Lloyds. Again we dont know if its true. Its all just specualtion from all sides im afraid

[CanadianBacon 2,088]

If he could take you to court for saying something on a website then I can Only conclude that what you have is either pure speculation or outright lies.

He couldn't sue you for telling the truth.

Ask CanadaReady and the other Admin bods if they're willing to take a chance then.

What I have I keep (for the moment) and if/when it does appear it'll have been corroborated three-times over. Indeed it will appear in print first.

Much of it is in the public domain already (as stated) but it's the stuff that isn't I'm most concerned about (as if I wasn't concerned enough about his modus operandi in other matters!!).

His minions are probably following this thread in anticipation.

I repeat - it's claimed he's more litigious than a drunken, milk-supping George Gallowgate.

[CanadianBacon 2,088]

CB he has never once stated to my knowledge he was a billionaire. Like many of the deadlines its been journos who have said 48 hours etc. I dont know if Whyte had to be told by Ellis or whether at the point in time he never had the wonga required to buy Rangers.

Apparently he has the money waiting and in an account with Lloyds. Again we dont know if its true. Its all just specualtion from all sides im afraid

This has been a 'speculation' saga since Day-1.

As for him possibly not having the 'wonga' (nice one) to buy us five years ago but, er.........now he has.......

It will end in tears.

[Orangeclement 570]

OR maybe he has been waiting 5 years to get the club at a cheap price to make it worth his while putting some money in ?? always two ways to look at things im afraid , yes we have a right to be worried but on the same foot we have the right to be excited

[Mansion 120]

Internet was fucked for the last few days...what is the latest lads? Cheers.

[spangles 7]

This has been a 'speculation' saga since Day-1.

As for him possibly not having the 'wonga' (nice one) to buy us five years ago but, er.........now he has.......

It will end in tears.

Merchant Pensum acted as introducer for Craig Whyte on his potential acquisition of a majority shareholding in Rangers Football Club from Murray International Holdings.

You couldn't make this shit up could you ? seems that there's a hole in the bucket dear Liza a hole, and every fucker and their dug thinks the hole leads to the promised land.

http://www.privateequitywire.co.uk/2010/11/22/68221/merchant-house-group-creates-expanded-corporate-finance-division

[Andyy53 26]

Internet was fucked for the last few days...what is the latest lads? Cheers.

Craig Whyte moves closer to deal...

The Sun reports him to be giving £10m to Ally for summer...

AJ says deal could be struck next few days

[spangles 7]

Merchant Pensum acted as introducer for Craig Whyte on his potential acquisition of a majority shareholding in Rangers Football Club from Murray International Holdings.

You couldn't make this shit up could you ? seems that there's a hole in the bucket dear Liza a hole, and every fucker and their dug thinks the hole leads to the promised land.

MERCHANT HOUSE GROUP PLC

Companies House Details

Companies House Number: 04034645

Incorporation Date: 17 Jul 2000

Latest set of accounts:Filed on: 01 Oct 10

Made up to: 31 Dec 09

Purchase a copy of these accounts for only £4.99

Sample accounts

Last company return showing the directors and ownership details:Filed on: 07 Oct 10

Made up to: 17 Jul 10

Purchase a copy of this company return for only £4.99

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99 documents availableView other documents available on this company

Financial Year End31-12

Capital: £562,089.25 (as at 07 Oct 2010)

Previous Company Names

AIROW PLCChanged 22 Oct 2002

FORECASTEXPAND PUBLIC LIMITED COMPANYChanged 11 Sep 2000

People connected with the Company

MR JAMES DOMINIC RUPERT HOLMESParticulars Changed as director on 07 Oct 2010 (Document)

MR MARTIN EBERHARDTParticulars Changed as director on 07 Oct 2010 (Document)

HUGH FLEMINGParticulars Changed as secretary on 06 Oct 2010 (Document)

MR CHRISTOPHER JOHN DAYAppointed as director on 05 Oct 2010 (Document)

Charges / mortgages against this Company

GEORGE CADBURYDEBENTURE - OUTSTANDING on 22 Feb 2011

LLOYDS TSB BANK PLCDEPOSIT AGREEMENT TO SECURE OWN LIABILITIES - OUTSTANDING on 19 Dec 2003

HEMINGWAY NOMINEE NO. 1 (ALDERMARY) LIMITED & HEMINGWAY NOMINEE NO. 2 (ALDERMARY) LIMITEDDEED OF DEPOSIT - OUTSTANDING on 08 Apr 2003

Information last updated: 27 Mar 2011.

From the above draw your own conclusion.

http://www.privateequitywire.co.uk/2010/11/22/68221/merchant-house-group-creates-expanded-corporate-finance-division

[gogzy 31,195]

Ask CanadaReady and the other Admin bods if they're willing to take a chance then.

What I have I keep (for the moment) and if/when it does appear it'll have been corroborated three-times over. Indeed it will appear in print first.

Much of it is in the public domain already (as stated) but it's the stuff that isn't I'm most concerned about (as if I wasn't concerned enough about his modus operandi in other matters!!).

His minions are probably following this thread in anticipation.

I repeat - it's claimed he's more litigious than a drunken, milk-supping George Gallowgate.

i know next weeks lottery numbers but i aint gonna tell you them till after the draw

so what do you think he will do when he takes over? sell MP and ibrox? sell all our players?

[gandhisflip 5]

Jeeso -

"the key figures at Merchant Pensum are Thordur Hlynsson, Andrew Homewood and Steinar Kristjansson, who will be working closely with Christopher Day, chief executive of Merchant House Group.

Day says: “We are excited by the potential for business offered by partnering with Pensum and creating Merchant Pensum. Our work for Craig Whyte is indicative of Merchant Pensum’s pragmatic, creative approach towards finding solutions for our clients.”

Kristjansson adds: “I am delighted to join the team at Merchant. Merchant Pensum will offer a unique opportunity for mid-market companies to access an international network of advisers and financiers and I am looking forward to working with an expert team to deliver the best possible corporate finance solutions for our clients.”

So he's "introduced" to the deal by Merchant Pensum - specialists in debt financing? I smell a Glazer style buying the club and it's assets with the club's own money. Didn't AJ confirm though in an interview that he was satisfied it didn't rely on debt/equity financing?????

[MCLACHLAN1 49]

I'd love a football museum at the ground.

We are the most successful club in the world after all.

I'd love ibrox to be a full day out experience.