Union Bears Season 2012/13

[The Beast 9,226]

15 million of IPO money

11-13million raised from Zeus consortium

15 million yearly income (approximately)

Yeah, okay, he bought the club for 5.5m. Obviously salaries came out of that too (not excluding Zeus's rather substantial ones). And after that there was eh...

Well....

Uh.....

We had two new screens and bought Edmiston House?

Pathetic. I suppose a fair chunk of it went on 'loan arrangement fees' to his pals.

The idea that a RST evangelist is trying to score points relating to financial transparency and probity is comedy gold.

Keep it up mate, the world needs more laughter.

[Buzz 306]

The idea that a RST evangelist is trying to score points relating to financial transparency and probity is comedy gold.

Keep it up mate, the world needs more laughter.

Nice of the head in the sand loyal to join us.

When rumours are abound of us pishing money to Singapore, you're not in the slightest bit concerned we seem to have spunked a lot of money with very little to show for it?

[1st_Jan_1994 4,868]

So 5.5m for buying the club

Oldco footballing debts were: 1.8m outside of Scotland, around 1m inside Scotland. So we're sitting at 8.3m

Edmiston House was 1m, Albion Car Park also 1m.

Those are starting to look like expensive new screens, eh?

Where has the money gone, Charlie?

The source is Richard Wilsons article in todays Herald. A guy whos been spot on with his reporting recently, and it fits in with other stories that have been leaking out of Ibrox recently.

By my working that's 10.3 BEFORE start up costs - which Neil Patey said himself required around 5/6 million to get the club off the ground again.

The first wage Green took was a long time into his tenure and was for about 300 grand. You need to remember he couldn't steal money, the way the newco was structured was so that not one man could guzzle money off.

You also forget that since these things need signed off by directors and chief executives then that means Walter Smith would have known about it - so either Green's not the thief you are making out, or Walter Smith is guilty too. I know what is more likely.

Sooner we see these books in August the better.

Amazing how your RST mob never asked these same questions of Murray about where money goes - Joe Lewis 40 million, Dave King 20 million, Nike 20 million, Cuellar 8 million, Hutton 9 million, JJB 30 million etc etc ...

Is it because it's just Charles Green?

[D'Artagnan 13,319]

Nice of the head in the sand loyal to join us.

When rumours are abound of us pishing money to Singapore, you're not in the slightest bit concerned we seem to have spunked a lot of money with very little to show for it?

Perhaps he's more concerned with the "spunking of money" by the RST - with nothing to show for it. Which makes you coming on here and talking about financial transparency all the more laughable.

[The Beast 9,226]

Nice of the head in the sand loyal to join us.

When rumours are abound of us pishing money to Singapore, you're not in the slightest bit concerned we seem to have spunked a lot of money with very little to show for it?

Ah rumours. The currency of scoundrels.

[Buzz 306]

By my working that's 10.3 BEFORE start up costs - which Neil Patey said himself required around 5/6 million to get the club off the ground again.

The first wage Green took was a long time into his tenure and was for about 300 grand. You need to remember he couldn't steal money, the way the newco was structured was so that not one man could guzzle money off.

You also forget that since these things need signed off by directors and chief executives then that means Walter Smith would have known about it - so either Green's not the thief you are making out, or Walter Smith is guilty too. I know what is more likely.

Sooner we see these books in August the better.

Amazing how your RST mob never asked these same questions of Murray about where money goes - Joe Lewis 40 million, Dave King 20 million, Nike 20 million, Cuellar 8 million, Hutton 9 million, JJB 30 million etc etc ...

Is it because it's just Charles Green?

So what's happened to it then? And where have these rumours come from?

Lets give him 5 million for start up costs. Money that was actually loaned, and carried loan arrangement fees at substantial rates that may well account for a good portion of money gone. Some of the rates made the bloody Mafia look reasonable.

That's 15.3 million.

Er...

For a start, the RST wasn't even around when half of those transactions were completed. Secondly, you won't find many within the RST that carry favour with Murray, same as you will in the wider Rangers support. Especially given that many in the Trust feel the Assembly was set up by Murray to stifle them.

[Buzz 306]

Perhaps he's more concerned with the "spunking of money" by the RST - with nothing to show for it. Which makes you coming on here and talking about financial transparency all the more laughable.

What's that got to do with the financial trouble we appear to be heading towards?

It was an inability to challenge the owners last time that led to the troubles we were in - you may ignore it if you want, but there's a lot of money missing from the Rangers bank account and not a lot of explanation as to where it's gone.

[Buzz 306]

Ah rumours. The currency of scoundrels.

So where's it gone then? What explains the missing 10-15m?

[D'Artagnan 13,319]

What's that got to do with the financial trouble we appear to be heading towards?

It was an inability to challenge the owners last time that led to the troubles we were in - you may ignore it if you want, but there's a lot of money missing from the Rangers bank account and not a lot of explanation as to where it's gone.

You obviously dont do irony do you ?

[Edmiston Drive 3,846]

Does said membership entitle him to interest free loans ?

Ouch!!

[1st_Jan_1994 4,868]

So what's happened to it then? And where have these rumours come from?

Lets give him 5 million for start up costs. Money that was actually loaned, and carried loan arrangement fees at substantial rates that may well account for a good portion of money gone. Some of the rates made the bloody Mafia look reasonable.

That's 15.3 million.

Er...

For a start, the RST wasn't even around when half of those transactions were completed. Secondly, you won't find many within the RST that carry favour with Murray, same as you will in the wider Rangers support. Especially given that many in the Trust feel the Assembly was set up by Murray to stifle them.

So you've answered your own question about where the money has went, your real issue is with the rate of interest the investors received?

Not theft as you keep hinting at.

Case closed.

Regarding the RST they could have still challenged Murray when in financial meltdown - but he never had the same scrutiny as Green.

[Buzz 306]

You obviously dont do irony do you ?

Aye that's it son, you continue to have a dig if it gives you a hard-on. The rest of us will try to discover how Charles Green was able to mismanage the finances so badly.

[1st_Jan_1994 4,868]

also what a way to ignore my point about Walter Smith. He was a director from almost day one. If Green was guilty of financial mispractice I'm positive he would have had something to say about it.

[Edmiston Drive 3,846]

So what's happened to it then? And where have these rumours come from?

Lets give him 5 million for start up costs. Money that was actually loaned, and carried loan arrangement fees at substantial rates that may well account for a good portion of money gone. Some of the rates made the bloody Mafia look reasonable.

That's 15.3 million.

Er...

For a start, the RST wasn't even around when half of those transactions were completed. Secondly, you won't find many within the RST that carry favour with Murray, same as you will in the wider Rangers support. Especially given that many in the Trust feel the Assembly was set up by Murray to stifle them.

and you know the rates then buzz, so spill how would you know the rates involved?

[Buzz 306]

So you've answered your own question about where the money has went, your real issue is with the rate of interest the investors received?

Not theft as you keep hinting at.

Case closed.

Regarding the RST they could have still challenged Murray when in financial meltdown - but he never had the same scrutiny as Green.

I gave you 5 million, if we give another 10m for playing staff budget (more than reasonable) that still leaves 15 million pounds unaccounted for.

So no, case well and truly opened.

I don't think anyone, anywhere really realised where we were or how badly fucked we were financially when we were sold to Whyte. That's a criticism of the whole Rangers support that we didn't ask enough questions of the time.

Having said that, at least the RST was universal of it's disapproval of Donald Muir. Only one site was churning out pro-Muir articles back then..

[1st_Jan_1994 4,868]

I gave you 5 million, if we give another 10m for playing staff budget (more than reasonable) that still leaves 15 million pounds unaccounted for.

So no, case well and truly opened.

I don't think anyone, anywhere really realised where we were or how badly fucked we were financially when we were sold to Whyte. That's a criticism of the whole Rangers support that we didn't ask enough questions of the time.

Having said that, at least the RST was universal of it's disapproval of Donald Muir. Only one site was churning out pro-Muir articles back then..

Walter Smith??? 3rd time now ....

Everything your saying is far from fact and has more holes in it than a net. You might think you know it all Buzz, but you actually don't. Your coming across from a certain angle and nothing no matter how reasoned anyone replies to you you retort back to the same crap about Green stealing money with absolutely nothing to back it up.

[D'Artagnan 13,319]

Aye that's it son, you continue to have a dig if it gives you a hard-on. The rest of us will try to discover how Charles Green was able to mismanage the finances so badly.

LOL ! Is that like poacher turned gamekeeper ?

[nachothelegend 1,932]

They are the reason why Teenagers should never be given the Vote,especially on Independence.

[Edmiston Drive 3,846]

So what's happened to it then? And where have these rumours come from?

Lets give him 5 million for start up costs. Money that was actually loaned, and carried loan arrangement fees at substantial rates that may well account for a good portion of money gone. Some of the rates made the bloody Mafia look reasonable.

That's 15.3 million.

Er...

For a start, the RST wasn't even around when half of those transactions were completed. Secondly, you won't find many within the RST that carry favour with Murray, same as you will in the wider Rangers support. Especially given that many in the Trust feel the Assembly was set up by Murray to stifle them.

Re the many buzz would this be the 17 board members out of the 30 active members of the trustless?

[ForeverBlue_Since91 2,895]

Aye that's it son, you continue to have a dig if it gives you a hard-on. The rest of us will try to discover how Charles Green was able to mismanage the finances so badly.

You should be banned. All you ever do is talk shite about him.

Why don't you look closer to home, and see what Ally McCoist is doing at the moment.

CLOWN!

[Blue Nosed Babe 20,695]

They are the reason why Teenagers should never be given the Vote,especially on Independence.

Lastest study by Edinburgh University says 60% of 16 and 17 year olds intend to vote NO.

[Fury 256]

If only they'd stick to creating atmosphere.

So they should just sing and leave the opinions to others? Who would you suggest? Like every other fan they have a right to express their views.

[Buzz 306]

and you know the rates then buzz, so spill how would you know the rates involved?

It's in the interim accounts, as well as being reported through various media outlets.

For one example, IAmRangers Ahmad got a £50k 'loan arrangement fee' for a loan of just £200k. A 25% return. Very nice, considering it was only a 3 month loan eh? What's that, an APR of 100%?

[Edmiston Drive 3,846]

It's in the interim accounts, as well as being reported through various media outlets.

For one example, IAmRangers Ahmad got a £50k 'loan arrangement fee' for a loan of just £200k. A 25% return. Very nice, considering it was only a 3 month loan eh? What's that, an APR of 100%?

Buzz catch you tomorrow I see the late shift has arrived.................You back morning shift and rst the afternoon?

[Buzz 306]

Walter Smith??? 3rd time now ....

Everything your saying is far from fact and has more holes in it than a net. You might think you know it all Buzz, but you actually don't. Your coming across from a certain angle and nothing no matter how reasoned anyone replies to you you retort back to the same crap about Green stealing money with absolutely nothing to back it up.

Walter was hardly a member of the board from the start, and he certainly wasn't a member during this shady period of Greens tenure. So I'm not really sure what your point is.