The official "Takeover Completed" thread

[1st_Jan_1994 4,868]

A taste for the salty stuff have we

Aye but don't mistake that for spunk.

[Senna 735]

The Scotsman said the lawyers have admitted it could take another week.

Aww you've got to be kidding?

Cue spunkles appearing.

[Guest]

Aye but don't mistake that for spunk.

Thought never even crossed my mind

[Amac9 2,060]

Still don't expect it to be done today.

The way this takeover has went this could just be the beginning.

[linfield1690 4,249]

whats all this about a takeover does that mean we can sign jelavic?

[SirWalterSmithLegend 206]

Aww you've got to be kidding?

Cue spunkles appearing.

Its the only mhedia source who have said that, thats why it stuck out for me. SSN have again declared it will be done today.

[Ferdasyn 431]

Anyone else think its more than a coincidence that the takeover has really came on since the PSN has been down

Aye, it's amazing how much harder AJ works when he canny play Call of Duty

[Guest]

Aye, it's amazing how much harder AJ works when he canny play Call of Duty

Dont be foolish AJ just cuts aboot the Playstation world trying to pick up bitches wae Tiger Woods

[KilwinningBluenose91 10]

They're not quite there yet, though. Last night, with lawyers representing Murray and Whyte holed-up in the offices of the Edinburgh solicitor's firm Dundas & Wilson, there was talk of a "technical issue" that may or not drag this saga into another week. The nature of the "technical issue" is believed to be minor. "An awkwardness rather than a problem," as one source called it. Another source, who was previously confident that things could have been wrapped up in the early hours of last night, said that the deal would get done "Friday afternoon at the earliest." Another who is privy to every aspect of the negotiations down played the "technical issue" and said it would get resolved today. "I can't see it going into next week," was the response.

From the Scotsman, if this did happen then our support would go crazy lol

[Ace 3,556]

Sir David Murray sells stake in Rangers for one pound

Darrell King

6 May 2011

Sir David Murray has agreed to sell his 85.3% shareholding in Rangers to Craig Whyte – for the token sum of just £1.

The protracted takeover of the Ibrox club is expected to be confirmed today. The entire deal will cost Whyte around £52.5m.

After yesterday ended with the deal still on ice due to a “technical issue”, Whyte stayed in Edinburgh last night and returned to the office of legal firm Dundas and Wilson with his team this morning to try and finally force things over the line.

He is determined to get matters resolved by close of business today, with a source saying that in the early hours of this morning there was progress made on sorting out the issue that had held matters up.

Sport Times can now reveal the details of the deal struck between Murray and Whyte for his shares.

Whyte had originally agreed to pay Murray £5m for his controlling interest. But when a £2.8m tax liablity appeared in the club’s accounts, published on April 1, Whyte went back to the negotiating table.

A source confirmed: “When this £2.8m tax bill appeared out of the blue, Craig renegotiated with Sir David over the price being asked for his shareholding.

“It was mutually agreed that the price would be reduced to £1 for the controlling interest. Instead of £5m going to Sir David, the tax bill was covered by Craig with the balance going back into the pot for the club to reinvest. So the club has done better out of the deal, which Craig wanted.

“That has been his main aim throughout this – that every penny possible goes to Rangers for future strengthening on and off the park.

“This agreement with Sir David for the shareholding enhances that further. The £5m was pledged by Craig for the shares – but now a good chunk of that is going back into the club.”

The source also confirmed the details of the transaction that would take place once the legal documents are signed and sealed.

“Lloyds will be paid £18m to clear the term loan, with a small debt still outstanding, (believed to be around £4m on a loan against the Albion Car Park across from Ibrox),” the source revealed.

“£10m will then be transfered straight into Rangers current account for use as working capital.

“On top of that, Craig has guaranteed £25m for squad strengthening. He is fully aware that might need to be front-loaded this summer, and is keen to talk to Ally McCoist as quickly as possible about the plans for bringing in new players.”

Yesterday afternoon, Rangers chairman Alastair Johnston announced that he will be resigning from his position on May 16.

Johnston hinted that the sceptics on the independent vetting board would have their say down the line, but insisted they would not stand in the way any longer.

“A great deal of work has been done by the board, and I’m very proud of that,” he said, “I’m confident that the efforts of the board have improved the deal significantly for the benefit of the club.

“Our views will come out in the future and I’m comfortable with that - but I don’t want to stand in the way of progress. I will resign as intended on May 16 but will be working hard until then to make sure Rangers secure the SPL title. After that, I will go back to being the club’s number one fan.”

http://www.eveningtimes.co.uk/sport/editor-s-picks/sir-david-murray-sells-stake-in-rangers-for-one-pound-1.1100047

[Bothwellbear 1,392]

Interseting move by Murray. Hopefully true and will be more money for McCoist in the Summer

[Jimfanciesthedude 24,608]

maybe the deal has been shook on etc. But they are not actually formalising the deal until the season is finished at the request of Walter smith

[krissg910 110]

maybe the deal has been shook on etc. But they are not actually formalising the deal until the season is finished at the request of Walter smith

i heard the deal will be done but whyte wont take an active role until the season finishes

[bazza010 393]

good afternoon guests! are you shiting it yet ??

[davie_bluenose 20]

maybe the deal has been shook on etc. But they are not actually formalising the deal until the season is finished at the request of Walter smith

I dont think WS is in any position to decide when this takeover will happen, thats nothing to do with him. For long enough he has been saying the sooner its completed the better

As far as im concerned, i just want this done and dusted, then we move on to a new era

[caseyjones 3,009]

i heard the deal will be done but whyte wont take an active role until the season finishes

What bakery was this in?

[krissg910 110]

What bakery was this in?

lmao, my other rumour seems to be coming true. since other mhedia have started running with it.

it was actually from a pal who goes on ff.

dnt be jealous of my sources m8, i will keep u informed.

[Bluepeter9 5,167]

Who does AJ Think he is saying he is

"..... Rangers number one fan" ???

Thats my position

[Don81 2,842]

lmao, my other rumour seems to be coming true. since other mhedia have started running with it.

it was actually from a pal who goes on ff.

dnt be jealous of my sources m8, i will keep u informed.

Miaow

[Polo 1,433]

Where's spangles? He'll know what's happening and when it'll be announced

[1st_Jan_1994 4,868]

lmao, my other rumour seems to be coming true. since other mhedia have started running with it.

it was actually from a pal who goes on ff.

dnt be jealous of my sources m8, i will keep u informed.

To be honest mate he just get's agitated any time someone mentions Greggs.

[KingKirk 25,695]

We need Dunny01 in here he is 2/2 so far he'll know whats going down

[krissg910 110]

To be honest mate he just get's agitated any time someone mentions Greggs.

i know the feeling, there grub is too good.

[caseyjones 3,009]

To be honest mate he just get's agitated any time someone mentions Greggs.

[1st_Jan_1994 4,868]

Reply to that text mate