Jimfanciesthedude 25,085 Posted October 4, 2013 Share Posted October 4, 2013 I take it that barry Ferguson will be returning the loans he got through the ebt scheme Quote Link to post Share on other sites More sharing options...
TAFKA 545 Posted October 4, 2013 Share Posted October 4, 2013 Did he not forego that bonus ?News to me.If he's having to manage on 200k/300k a year, perhaps we should arrange a wee fund raiser for him? Quote Link to post Share on other sites More sharing options...
calio 688 Posted October 4, 2013 Share Posted October 4, 2013 Did he not forego that bonus ?No he didn't, he took it in full, but he`s agreed to take future bonuses based on financial performance rather than the team romping the lower leagues(out of the goodness of his heart!) Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted October 4, 2013 Share Posted October 4, 2013 3.5 million!! hahahWhat next? Crown Jewels?Time for a wee break from here. Quote Link to post Share on other sites More sharing options...
johanhentze 14,344 Posted October 4, 2013 Share Posted October 4, 2013 Oh, the ironing.Was it not his money to do with as he pleased? "It is the Fans money" I hear you say.. Well, he got paid. SHOCK HORROR!! He got paid and then he went and bought himself a nice wee house. You know what?? I would probably do the same, although France is probably a poor choice of country. Quote Link to post Share on other sites More sharing options...
8Ace 49 Posted October 4, 2013 Share Posted October 4, 2013 Out of all the stories about syphoning money and corruption since Whyte to the present day....has ANYONE appeared in court charged with fraud.Just saying like.Money can be syphoned off to companies without being illegal. But just because it it not illegal doesn't mean that it has been paid out for services rendered at market prices. This is how these people make their money and screw companies for all they can.A lot of people seem naive to this kind of practise. Money is syphoned through layers of companies until it gets to where it is intended to be, but is almost untraceable. While they can say that the IPO cost 25% as opposed to the normal 5% or so, a detailed break down would be required into what the inflated costs were for and where it went. Quote Link to post Share on other sites More sharing options...
8Ace 49 Posted October 4, 2013 Share Posted October 4, 2013 Big bad Charlie.idiots lap this stuff up because they are... well...idiots.As 1st Jan says it's his money.That's where it doesn't add up. Wasn't it the case that he only put in about £25k but walked away with over a million or so? That million or so was fans' and investors' money. He cashed in shares that he got for fuck all, he never bought them and saw the value of them rise through normal market conditions. Quote Link to post Share on other sites More sharing options...
AlCapone 7,678 Posted October 4, 2013 Share Posted October 4, 2013 It is his moneyIt was all in the IPO and additional amount administered by MMSome people have a real irrational problem with this man and don't live in the real worldI agree, I'm actually struggling to find out what Charles Green has done wrong. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted October 4, 2013 Share Posted October 4, 2013 Money can be syphoned off to companies without being illegal. But just because it it not illegal doesn't mean that it has been paid out for services rendered at market prices. This is how these people make their money and screw companies for all they can.A lot of people seem naive to this kind of practise. Money is syphoned through layers of companies until it gets to where it is intended to be, but is almost untraceable. While they can say that the IPO cost 25% as opposed to the normal 5% or so, a detailed break down would be required into what the inflated costs were for and where it went.You sound concernedHave you emailed the fraud squad? Quote Link to post Share on other sites More sharing options...
AlCapone 7,678 Posted October 4, 2013 Share Posted October 4, 2013 That's where it doesn't add up. Wasn't it the case that he only put in about £25k but walked away with over a million or so? That million or so was fans' and investors' money. He cashed in shares that he got for fuck all, he never bought them and saw the value of them rise through normal market conditions. If that's the case, how would it be the fans or investors money?? Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted October 4, 2013 Share Posted October 4, 2013 So to recap: for only 900,000 Charlie managed to stabilize the club, find Ally funds to rebuild a decimated squad, attract 20 million+ at the IPO.What a chancer. Quote Link to post Share on other sites More sharing options...
Leeds_Bear 8,171 Posted October 4, 2013 Share Posted October 4, 2013 Couldn't agree more. Going by accounts McCoist is just as guilty as Green if we are going to be critical of how Green made his money. End of the day he saved our club and we might not have had accounts to look at if it wasn't for him and his consortium. Quote Link to post Share on other sites More sharing options...
Adoniram 1,919 Posted October 4, 2013 Share Posted October 4, 2013 That's where it doesn't add up. Wasn't it the case that he only put in about £25k but walked away with over a million or so? That million or so was fans' and investors' money. He cashed in shares that he got for fuck all, he never bought them and saw the value of them rise through normal market conditions.And?It's called capitalism and is only a problem because Murray and his supporters never got the club for the peanuts they offered.They still don't have the money to invest now so assume they get control....what is their master plan to change things? Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted October 4, 2013 Share Posted October 4, 2013 Couldn't agree more.Going by accounts McCoist is just as guilty as Green if we are going to be critical of how Green made his money. End of the day he saved our club and we might not have had accounts to look at if it wasn't for him and his consortium.No, no, no. Its one rule for the Rangers men and another rule for the rest. Do keep up. Quote Link to post Share on other sites More sharing options...
gmcf 34,752 Posted October 4, 2013 Share Posted October 4, 2013 News to me.If he's having to manage on 200k/300k a year, perhaps we should arrange a wee fund raiser for him?No he didn't, he took it in full, but he`s agreed to take future bonuses based on financial performance rather than the team romping the lower leagues(out of the goodness of his heart!) I'm sure I read Mather saying somewhere that Stockbridge would waive his bonus. Apologies if I've got that wrong. Quote Link to post Share on other sites More sharing options...
Young Bob 1,360 Posted October 4, 2013 Share Posted October 4, 2013 Couldn't agree more.Going by accounts McCoist is just as guilty as Green if we are going to be critical of how Green made his money. End of the day he saved our club and we might not have had accounts to look at if it wasn't for him and his consortium.In reality its around about 2 million v 3 million pounds for similar financial input. Green probably brought in more investment than McCoist so the difference is probably justified. Quote Link to post Share on other sites More sharing options...
calio 688 Posted October 4, 2013 Share Posted October 4, 2013 As mentioned in the recent Board statement -Mr Murray negotiated Mr Green’s compromise agreement and signed it off.So the bold Charlie received a payment of over 200k after negotiation..One can only wonder what Charles initial claim for severance would have been, as sure as the sky is blue MM wouldn't have negotiated it in the direction Mr Green was after. Quote Link to post Share on other sites More sharing options...
Laudrup1984 25,100 Posted October 4, 2013 Share Posted October 4, 2013 Heard Keech last night saying that Stockbridge's bonus as finance director (?) in fourth tier was greater than any of the players were on if we had beaten Zenit and won a Europen trophy - completely and utterly indefensible.Kind of puts it in perspective, eh?I personally don't think it does. Using a similar comparison you could say Gareth Bale is 56 times better than Lee Wallace based on their transfer fees? The way I see it If someone is willing to pay crazy sums of money then I find it difficult to lay any blame with the recipient.Brian Stockbridge is not a Rangers fan. He has no emotional ties to us and when he joined us i'd presume it was merely a job to him. Nothing more and nothing less. He was offered a ridiculous bonus that had nothing to do with his role as FD but who in their right mind would turn down such a bonus? I know if my employers, who I have no real emotional ties to, offered me an excessive bonus i'd bite their hands off. I wouldn't care if they were in turmoil or were losing hundreds, thousands or millions!I think we all agree his bonus was totally unacceptable but in my opinion that is not Stockbridge's fault. He has now confirmed he will not be receiving such a bonus going forward so I think we should be satisfied at that. For what it's worth i'm not totally convinced by Stockbridge but I feel he's getting a bit of a raw deal regarding this specific issue. Quote Link to post Share on other sites More sharing options...
calio 688 Posted October 4, 2013 Share Posted October 4, 2013 I'm sure I read Mather saying somewhere that Stockbridge would waive his bonus. Apologies if I've got that wrong.He has agreed to waive future team performance related bonuses, but he received £409,000 for last years work.http://www.express.co.uk/sport/football/433705/Rangers-fans-slam-Charles-Green-s-1million-wage Quote Link to post Share on other sites More sharing options...
Jimfanciesthedude 25,085 Posted October 4, 2013 Share Posted October 4, 2013 Heard Keech last night saying that Stockbridge's bonus as finance director (?) in fourth tier was greater than any of the players were on if we had beaten Zenit and won a Europen trophy - completely and utterly indefensible.Kind of puts it in perspective, eh?Bain earned 100's of 1000's overseeing the club reach unsustainable debt levels, he then awarded himself a bonus when the debt went down due to on field success and off field prudence by a bank member on the board Quote Link to post Share on other sites More sharing options...
Corky True Legend 2,682 Posted October 4, 2013 Share Posted October 4, 2013 Shock! Horror! Hold tomorrow's FT front page! Businessman makes profit out of company he helped set up! You couldn't make it up. Quote Link to post Share on other sites More sharing options...
stfu 596 Posted October 4, 2013 Share Posted October 4, 2013 £3.5m for one years work get a grip you got it wrong and old Charlie filled his boots. Shocking amount to take for zero input.Zero input?Are you for real?Are you even aware of what has happened in the last year and a half?Do you have any idea how much effort must have gone into saving our club?This is the problem those with the pitchforks are drumming up village idiots to fight their cause. Quote Link to post Share on other sites More sharing options...
Adoniram 1,919 Posted October 4, 2013 Share Posted October 4, 2013 I am still waiting to hear what the alternative is once the pitchfork brigade get their way.The board are removed...then what? Quote Link to post Share on other sites More sharing options...
8Ace 49 Posted October 4, 2013 Share Posted October 4, 2013 Zero input?Are you for real?Are you even aware of what has happened in the last year and a half?Do you have any idea how much effort must have gone into saving our club?This is the problem those with the pitchforks are drumming up village idiots to fight their cause.It's Glasgow Rangers. The club sells itself.What outstanding pieces of business did CG pull off in the interests of the club rather than himself? Quote Link to post Share on other sites More sharing options...
stfu 596 Posted October 4, 2013 Share Posted October 4, 2013 It's Glasgow Rangers. The club sells itself.What outstanding pieces of business did CG pull off in the interests of the club rather than himself?If the club sells itself how many buyers were there fighting with bids for us? Quote Link to post Share on other sites More sharing options...
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