OceanRain 2,845 Posted January 31, 2012 Share Posted January 31, 2012 how could he possibly mortgage the next 3 seasons ticket sales, simply because no one knows how many rangers will shift over the next 3 yearsthats like ordinary joe bloggs going for a loan and saying to the bank "i can afford 300 quid a month payments, i dont work the now but im looking for a job and hopefully get one in the next month or 2"it must be one load of shite, no company is going to turn round and allow especially us to do thisHe's done it. He admitted it himself. We now owe Ticketus £26m. Quote Link to post Share on other sites More sharing options...
broxibear87 129 Posted January 31, 2012 Share Posted January 31, 2012 He's done it. He admitted it himself. We now owe Ticketus £26m.When did he say this? Quote Link to post Share on other sites More sharing options...
OceanRain 2,845 Posted January 31, 2012 Share Posted January 31, 2012 He's quoted in the Record. Denies he used the money to pay off the £18m for Lloyd's but admits to selling 4 years work of season tickets to Ticketus. Quote Link to post Share on other sites More sharing options...
beattie72 170 Posted January 31, 2012 Share Posted January 31, 2012 Why would he speak to the record? I don't believe it. Quote Link to post Share on other sites More sharing options...
OceanRain 2,845 Posted January 31, 2012 Share Posted January 31, 2012 Why would he speak to the record? I don't believe it.Which part aren't you believing exactly? Quote Link to post Share on other sites More sharing options...
Senna 735 Posted January 31, 2012 Share Posted January 31, 2012 Why would he speak to the record? I don't believe it.The Record's lawyers would not in a million years let quotes be published that he didn't actually say. Quote Link to post Share on other sites More sharing options...
JimmyCR1 1,502 Posted January 31, 2012 Share Posted January 31, 2012 I thought we all knew this? Quote Link to post Share on other sites More sharing options...
OceanRain 2,845 Posted January 31, 2012 Share Posted January 31, 2012 Start of Daily Record's 5 page story:Craig Whyte sold off four years' of fans money to help fund his buy-out of Rangers.And Record Sport can also reveal high-ranking HMRC officials are investigating alleged non-payment of VAT since last May. Current director Dave King and former board member Paul Murray are being quizzed by tax authorities as part of their enquiry which has revealed £24.4million has been borrowed against future season ticket sales. Four seasons worth have been sold to Ticketus, a London-based company linked to Octopus, and it's claimed this deal helped finance Whyte's operating costs after the takeover.Whyte himself last night confirmed he has sold off the tickets but denied he used the money to pay off Lloyds Bank. He insisted the £18m came from one of his own companies.Whyte's spokesperson response:The suggestion that the Rangers takeover was funded through financing arrangements on season tickets is totally untrue. Rangers FC is no different in that it has a working capital facility with Ticketus, as have many, many other clubs. It is a common arrangement in football. This facility was in place at Ibrox long before the takeover. Quote Link to post Share on other sites More sharing options...
Senna 735 Posted January 31, 2012 Share Posted January 31, 2012 So if this facility was in place before any takeover, what makes this news exactly?DR just shitstirring? Not like them if so. Quote Link to post Share on other sites More sharing options...
OceanRain 2,845 Posted January 31, 2012 Share Posted January 31, 2012 The story isn't about selling the season tickets. The story is about whether or not he then used that money to pay off Lloyd's Bank. Money which claimed was his own.Jesus, this is hard work... Quote Link to post Share on other sites More sharing options...
OceanRain 2,845 Posted January 31, 2012 Share Posted January 31, 2012 It's now up on the DR website if anyone wants to read it there. Quote Link to post Share on other sites More sharing options...
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