What Bank

[TheLawMan 6,240]

Who said we legally own it? Last I knew, Sir David Murray gifted it to a member of his family, after he bought it from Rangers and put it into MIH assets.

The title deeds say we own it.

[TheLawMan 6,240]

Im sure we actually sold it to them to reduce the debt but strangely still leased it of them?

The Land registrar clearly shows Rangers FC as the owner of the Albion Car Park.

[SteveJ 743]

The Land registrar clearly shows Rangers FC as the owner of the Albion Car Park.

Clearly? Cleary to whom? I see not details of who owns it and I am buggered if I am paying to search for it - so I assume we are supposed to take your word for it - the very person who demands proof for everything?

[SteveJ 743]

Whyte had reached agreement with Lloyds Bank to clear the club's £18m debt and a smaller debt of just more than £4m will also be paid. That should return the lease of the Albion Car Park to the club.

http://www.<No links to this website>/football/spl/rangers/2011/05/07/craig-whyte-i-m-looking-forward-to-making-rangers-a-leading-force-in-football-86908-23113156/

I suppose you will have an answer for the Record being less than credible but the more sources who appear to know what you don't, means I believe them.

Now the Albion, which is owned by a Sir David Murray company, appears to have emerged as separate from any deal which includes the sale of Rangers, Ibrox Stadium and Murray Park.

An additional figure of £4M is being quoted by insiders as the fee for the Albion.

http://leggoland2.blogspot.com/2011/03/a1-at-lloyds-but.html

[beelin 0]

My Dad says that SDM is known for his £1 deals, the Albion being another along with some in Edinburgh Princes street. Can anyone make sense of the link content given by my Dad, he being a Thistle supporter thinks the whole thing is a hoot, well I don't.

http://www.followfollow.com/news/tmnw/is_the_albion_car_park_deal_a_good_one_for_rangers_fc_180230/index.shtml

[SteveJ 743]

My Dad says that SDM is known for his £1 deals, the Albion being another along with some in Edinburgh Princes street. Can anyone make sense of the link content given by my Dad, he being a Thistle supporter thinks the whole thing is a hoot, well I don't.

http://www.followfollow.com/news/tmnw/is_the_albion_car_park_deal_a_good_one_for_rangers_fc_180230/index.shtml

The £1 sale for the Albion was years ago and it was on the understanding that it remained a car park. The reason they needed the car park was for the building of the club deck and was the only way the council would approve it.

This is why Whyte did not want to spend £4M on a car park that will have to remain a car park

[TheLawMan 6,240]

I suppose you will have an answer for the Record being less than credible but the more sources who appear to know what you don't, means I believe them.

Leggat is wrong.

I will give you 2 credible sources.

First one is the planning permission on official council headed paper. If you look at page 4, it clearly shows Rangers own the Car Park.

http://www.glasgowcitycouncil.co.uk/committee_minutes/public/Documents/Live/Executive%20Committee/20084/1100_10_10_2008_2481_Report_Item%206.pdf

Further to that though, I got my hands on the Land Register last year. Here is confirmation that Rangers own the land, if the above is not sufficient.

http://i52.tinypic.com/2cz6hjr.jpg

[SirWalterSmithLegend 206]

So what is the £4m existing bank loan for then?

[SteveJ 743]

Leggat is wrong.

I will give you 2 credible sources.

First one is the planning permission on official council headed paper. If you look at page 4, it clearly shows Rangers own the Car Park.

http://www.glasgowcitycouncil.co.uk/committee_minutes/public/Documents/Live/Executive%20Committee/20084/1100_10_10_2008_2481_Report_Item%206.pdf

Further to that though, I got my hands on the Land Register last year. Here is confirmation that Rangers own the land, if the above is not sufficient.

http://i52.tinypic.com/2cz6hjr.jpg

The last one states that it is for grid reference NS5564 - which is for Ibrox Stadium

[TheLawMan 6,240]

So what is the £4m existing bank loan for then?

I havent a clue mate. Thats what im trying to get to the bottom of. I dont think i have seen any comments from the club nor the bank on it. Ive only read comments from papers and people online.

My initial thought was that we took a secured loan out over it, but i cant see it in the books.

I just dont know where its came from.

There is a standard security charge to PPG listed on the deeds but it suggests its for the nominal sum of £1 which is backed up by the link provided above to Follow Follow.

I just thought with SteveJ saying we defo owe Lloyds, he knew something more.

[TheLawMan 6,240]

The last one states that it is for grid reference NS5564 - which is for Ibrox Stadium

Nope. NS5564 is for Albion as well. Take a look at the top left hand corner.

http://i56.tinypic.com/do6kk9.jpg

[j1mgg 3,766]

So what is the £4m existing bank loan for then?

To pay off Salim kerkar

[TheLawMan 6,240]

Nope. NS5564 is for Albion as well. Take a look at the top left hand corner.

http://i56.tinypic.com/do6kk9.jpg

And if you look really close at the writing just under it, you will see the same time stamp for the original register i posted above.

Just in case your next question is linked to the possibility of these being different registers.

[beelin 0]

How reliable is dothebouncy, found this looking around, it says we lease MP, I thought we owned it. If we still have debt will it affect transfer buys or resignings. It's all very confusing, surely someone knows what our money position is, I still don't think Mr Whyte would have said we were debt free if we weren't.

http://www.dothebouncy.com/News/?p=2439

[TheLawMan 6,240]

How reliable is dothebouncy, found this looking around, it says we lease MP, I thought we owned it. If we still have debt will it affect transfer buys or resignings. It's all very confusing, surely someone knows what our money position is, I still don't think Mr Whyte would have said we were debt free if we weren't.

http://www.dothebouncy.com/News/?p=2439

Certainly not reliable on this one as we own Murray Park as well. And I can prove that as well.

[SirWalterSmithLegend 206]

I havent a clue mate. Thats what im trying to get to the bottom of. I dont think i have seen any comments from the club nor the bank on it. Ive only read comments from papers and people online.

My initial thought was that we took a secured loan out over it, but i cant see it in the books.

I just dont know where its came from.

There is a standard security charge to PPG listed on the deeds but it suggests its for the nominal sum of £1 which is backed up by the link provided above to Follow Follow.

I just thought with SteveJ saying we defo owe Lloyds, he knew something more.

Im sure Mr Whyte made reference to it in his interview with Rangers TV. I also thought we still owed Lloyds as well, this £4m which is not being counted as debt for some reason.

[beelin 0]

Certainly not reliable on this one as we own Murray Park as well. And I can prove that as well.

Thanx for that, buy it only makes the Albion position more confusing, if we own the Albion, why are we involved in a lease or loan agreement for it, does that mean that we are still indebted to the bank, or has it got nothing to do with us.

[dramsay1 0]

i have it from a few sources that it is Clydesdale. Apparently throughout the process of CW buying the club, a representative from the bank was involved at some stages.

I used to work for NAG however I wasn't party to any information about the takeover other than that the clydesdale were involved.

Also must add that Clydesdale also deal with alot of the players bank accounts as they have agreement to speak to the players when they sign for the club, in particular alot the foreign players both past and present have bank accounts with club.

[SteveJ 743]

How reliable is dothebouncy, found this looking around, it says we lease MP, I thought we owned it. If we still have debt will it affect transfer buys or resignings. It's all very confusing, surely someone knows what our money position is, I still don't think Mr Whyte would have said we were debt free if we weren't.

http://www.dothebouncy.com/News/?p=2439

They are probably getting confused. When MP was first built, there were certain investors who took a percentage of the ownership. There was a fee paid to these investors UNTIL the debt was cleared, which could be seen as rent, but I am of the understanding we paid the debt within 5 years and we now own the facility.

[TheLawMan 6,240]

They are probably getting confused. When MP was first built, there were certain investors who took a percentage of the ownership. There was a fee paid to these investors UNTIL the debt was cleared, which could be seen as rent, but I am of the understanding we paid the debt within 5 years and we now own the facility.

I think you are getting mixed up with the Rangers Youth Devlopment limited where four investors put in a million between them but were subsequently paid off when the concept of what was going on was aced leaving the youth to be completely self funding.

[SteveJ 743]

I think you are getting mixed up with the Rangers Youth Devlopment limited where four investors put in a million between them but were subsequently paid off when the concept of what was going on was aced leaving the youth to be completely self funding.

You might be right on this one

[Smile 26,622]

I'm waiting on phil the gobblegiver telling us he knows his stuff on the finance front.

He's learned how to make his giro stretch a fortnight.

[TheLawMan 6,240]

You might be right on this one

I am right re the ownership of the Albion as well mate. That though doesn't mean something isn't going on in the background re this mystery £4 million. I'm just curious if anyone has anything more solid on it as I don't believe a single word the papers say and I just can't see where it could have been hidden in the books.

[SteveJ 743]

I am right re the ownership of the Albion as well mate. That though doesn't mean something isn't going on in the background re this mystery £4 million. I'm just curious if anyone has anything more solid on it as I don't believe a single word the papers say and I just can't see where it could have been hidden in the books.

Nah, you ain't but neither of us know the full facts, so we shall just have to hug and agree that I am right

[TheLawMan 6,240]

Nah, you ain't but neither of us know the full facts, so we shall just have to hug and agree that I am right

So you don't believe a planning permission proposal and an official Registrar of Scotland document.