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The official "Takeover Completed" thread


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So, in summary (admittedly a long-winded one) we appear to have three different camps in this thread: Camp 1: Pro-Whyte Key arguments in favour: 1 - Get Lloyds largely out of Ranger's decision making

Lol maybe an extreme but honestly eeryome hand on hearts where do you see us In five years?

If rangers appeal they will end up docking leauge points. The dark cloud is coming and it's about to pish all over ibrox and when the rain evaporates we will have a brand new 24 hour tescos.

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  • 4 weeks later...

Was coming into bump this thread. John barrowman and John Inverdale are the names being linked in todays financial times sports section

Is that the consortium fronted by that Australian/American/Italian from without a trace? They have promised not to bring in Terry Butcher! :rolleyes:

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Is that the consortium fronted by that Australian/American/Italian from without a trace? They have promised not to bring in Terry Butcher! :rolleyes:

John inverdale is quoted in the FT as saying

"Worlds strongest man was a challenge for me, running The Rangers is my destiny"

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  • 2 weeks later...
Rangers' future is black and Whyte

By jim Traynor on Mar 14, 11 08:37 AM in

ALLY McCOIST will fight his two-match touchline ban but he should accept the punishment. He'll need all his reserves of energy and will for more important struggles which lie ahead.

Depending on what happens over the next two to three weeks he will be taking over as manager of a club about to be revitalised or one sliding deeper into decline.

And many are convinced it will be the latter.

With the passing of every week Rangers fans lose hope that their club will be bought over and dragged out of debt.

They look at the paucity of Walter Smith's squad and they must feel like weeping.

Lloyds Bank, on the other hand, are delighted. Rangers' debt continues to fall and the next set of figures, which are about to be released, will show the Ibrox club now owe less than £20million.

No doubt someone at the bank will take pride in a job well done and it shouldn't surprise anyone if that person is in line for a whopping bonus.

After all, that's what the banks do isn't it? They reward themselves for squeezing and destroying hard-working ordinary Joes even though it was their greed and stupidity that pushed the country towards financial ruin. And then they grab our tax money to get them out of the mess.

It's instead of being forced back to school to do their sums again they grow fatter and richer by refusing to lend any of the cash back to people trying to buy or hold on to their homes and businesses.

And of course the less they lend out the more for them to share in bonus payments which would be enough to keep loads of little companies and households going.

They slap one another on the back, oblivious to the damage they cause. However, they are themselves insolvent. They are morally bankrupt.

No doubt Lloyds will credit themselves for reducing Rangers' debt but there is nothing sharp, or even intelligent, in putting in place a repayment plan that is making it increasingly difficult for Rangers to remain competitive.

While the Ibrox balance sheet is looking much better you have to ask at what cost has this been achieved? The answer won't be clear until the end of this season but it does look as though Rangers don't have enough players to handle the run-in.

It's also fairly obvious they can't cope with Neil Lennon's Celtic, who have won three and drawn one of the five Old Firm clashes so far this season.

Of course if Rangers were to win the remaining two Old Firm matches everything would look so much brighter but the problems caused by constant wage cuts to keep the bank satisfied would remain.

They were there when Smith steered Rangers to back-to-back titles and a glance at any of his team sheets this season proves the problems are even worse now.

No matter what Rangers do on the pitch between now and the end of the season McCoist will be inheriting a squad lacking in genuine quality and experience.

And he will have to give serious thought to selling one of his few assets, Allan McGregor, to fund moves for a couple of players simply to increase numbers. His task will be practically impossible and his only real hope is Craig Whyte who is still waiting in the wings.

However, he won't wait much longer. Time is running out and if Whyte hasn't been given the go ahead by the end of this month don't be surprised if he closes his cheque book, puts it back in his pocket and walks away.

Several vague deadlines have come and gone but Whyte is smart enough to realise that buying Rangers solves only half a problem.

The other half involves rebuilding a squad and Whyte, I suspect, doesn't want to leave that part to the last minute. He knows clubs and managers are already working on the ins and outs of transfer deals for next season and he would want to give McCoist as much time as possible to improve his squad. But nothing can be done until Whyte's offer has been accepted.

If it isn't - Rangers' standards will continue to fall.

Whyte's £33m bid to take the club off David Murray's hands and out of the bank's control, and his promise to spend £5m on players each season for the first five years of his tenure appears to tick the relevant boxes. But still McCoist and Rangers wait.

Of course, there is the potential tax liability should Rangers lose their court battle with the taxman but it is understood some kind of arrangement has been put in place to deal with that as well. But still Rangers fans wait.

Now they have to ask why.

After all, Whyte has provided proof of funding and Murray, who said he would never sell to anyone who couldn't support the club financially, appears convinced by the Scottish financier and it's understood he's prepared to do the deal. So why the hold up?

Who might be stalling? Are Rangers being used as a pawn in a wider game? Is the bank playing hard ball? If so, why? Someone at Lloyds could probably provide the answers but because of market rules and the cloaks of confidentiality bankers wrap around themselves there is only silence.

Rangers have cut back to the bare minimum to repay their debt and there is an offer on the table which would rid the bank of the headache, yet nothing continues to happen.

If Whyte is ready to get going and help finance McCoist's rebuilding programme but finds he is being blocked then he should say so.

Rangers fans are entitled to know why this deal hasn't been concluded.

They deserve to know who is holding up progress and why.

But they should also be aware that the Whyte saga is nearing its end.

The next few weeks will make or break his ambition to own Rangers. That also means the next few weeks could make or break Rangers.

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On Friday in Eindhoven we got talking to 2 of the guys from the Dubai Loyal. 1 was an older chap and the other a younger guy. The older one told us it was nearing an end, happy to PM admin the name of the guy who some on here may know. He said that a director who again i will pm admin the name of has said that they do expect this to be done sooner than later! Now i will post the name if any of the Admin can verify that i havent been led up the old garden path :lol:

But i would suggest the older dude didnt seem that way inclined. Infact i will PM KPLfishtank as he will be the admin that would most probably know him as the guy knows one of fishtanks mates who is in the dubai loyal also

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On Friday in Eindhoven we got talking to 2 of the guys from the Dubai Loyal. 1 was an older chap and the other a younger guy. The older one told us it was nearing an end, happy to PM admin the name of the guy who some on here may know. He said that a director who again i will pm admin the name of has said that they do expect this to be done sooner than later! Now i will post the name if any of the Admin can verify that i havent been led up the old garden path :lol:

But i would suggest the older dude didnt seem that way inclined. Infact i will PM KPLfishtank as he will be the admin that would most probably know him as the guy knows one of fishtanks mates who is in the dubai loyal also

a few people saying this kind of thing.

that article looks to me to be a plant to put lloyds under pressure to agree the sale.

muldoon1690 likes this
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a few people saying this kind of thing.

that article looks to me to be a plant to put lloyds under pressure to agree the sale.

out of interest were is the article from mate.

It seems like they are digging at Lloyds. Tbh i said in Eindhoven and have done so since the window shut. I dont want it rushed through and wouldnt mind if it takes to the summer to conclude

EDIT just seen Traynor lol sorry should have read it right

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