PRW. 5,631 Posted February 24, 2014 Share Posted February 24, 2014 Fans to Board - go and get more funding.Board to fans - here you go, and no new guys involved.Fans to Board - why do you need more money - spivs out, Gers men in blah blah blahDo you think its ok we have no money and need to take a 1.5m crisis loan? Really? Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted February 24, 2014 Share Posted February 24, 2014 You don't know what Dave King wants, for all we know he may just want a seat on the board, or to become Chairman. I'd rather his terms and his money, than anyone in that boardroom, minus Graham Wallace as he seems to be the only man that knows what he's actually doing. Also Laxey etc haven't invested anything.So you don't know what Dave King wants, but you want his terms...? Quote Link to post Share on other sites More sharing options...
cushynumber 25,178 Posted February 24, 2014 Share Posted February 24, 2014 I wonder what any future loans will be secured against? and lets be clear in case anybody is still vague about this - this is not extra investment. Quote Link to post Share on other sites More sharing options...
Bad Robot 21,176 Posted February 24, 2014 Share Posted February 24, 2014 15% does seem a lot, is our credit rating that fucked that we can't get better terms?As a matter of interest, if we used ticketus to bridge us would we need to notify that? Quote Link to post Share on other sites More sharing options...
RFC55 109,031 Posted February 24, 2014 Share Posted February 24, 2014 This is not the fault of the present board, how some folk will not ask questions of the previous fucking shambles is beyond me. This is an absolute disgrace to be here 2 years after all that's gone on.this had better be sorted and sorted properly this time. Not only has the footballing philosophy stayed the same, the careless financial overspends have too. I cant believe we own Ed house we would have been as well buying ed the duck Quote Link to post Share on other sites More sharing options...
danger ranger 922 Posted February 24, 2014 Share Posted February 24, 2014 Yeah just re-read that. The loans secured against 2 assets. Doesn't make it any less worrying....We are going to borrow a lot more as we get back to the top, get used to it. Quote Link to post Share on other sites More sharing options...
Muirheadbear 1,483 Posted February 24, 2014 Share Posted February 24, 2014 So already some of our ST money is spoken for......terrific! Quote Link to post Share on other sites More sharing options...
RangersFanBase 611 Posted February 24, 2014 Author Share Posted February 24, 2014 We are going to borrow a lot more as we get back to the top, get used to it.Not if we get suitable investment we're not.. Quote Link to post Share on other sites More sharing options...
PRW. 5,631 Posted February 24, 2014 Share Posted February 24, 2014 We are going to borrow a lot more as we get back to the top, get used to it.Bewildering comment to make.Kind of 'Get it up ye, you hate when we have no money and need to take loans, its goiny happen more and more now' mental. Quote Link to post Share on other sites More sharing options...
MayboleLoyal_atb 3,710 Posted February 24, 2014 Share Posted February 24, 2014 Should never have come to this, we have been really badly run for too long now. I'm still trying to get my head round the fact that we have basically pished £22m up against a wall.This Quote Link to post Share on other sites More sharing options...
Big Al 55 9,264 Posted February 24, 2014 Share Posted February 24, 2014 Why is there security on the loan if to be paid back in shares? Quote Link to post Share on other sites More sharing options...
RangersFanBase 611 Posted February 24, 2014 Author Share Posted February 24, 2014 Yes it's the previous regimes fault we're in this position again; but surely the current regime are at fault for not looking for suitable investors, and are going begging for loans instead? We've been down the borrowing money route before, we clearly haven't learned from our mistakes. Quote Link to post Share on other sites More sharing options...
cushynumber 25,178 Posted February 24, 2014 Share Posted February 24, 2014 We are going to borrow a lot more as we get back to the top, get used to it.and what will we secure those loans against? auchinhowie? Ibrox? I hope you are wrong and this is one off short term as the potential ramifications if it is not are highly unpalatable. Quote Link to post Share on other sites More sharing options...
MayboleLoyal_atb 3,710 Posted February 24, 2014 Share Posted February 24, 2014 Rangers putting "pleased to announce" seems like baiting fans to go off there head. Quote Link to post Share on other sites More sharing options...
Malvern 11,329 Posted February 24, 2014 Share Posted February 24, 2014 RFB, I am not sure what is worse, your posts or the Req ambitions at the AGM.Get over the fact that this is working capital, it is not for setting up some Ajax style academy. The new board were brought to solve issues like this in the easiest way possible and this is no big deal, the people involved are current investors not some new wonga mob.Oh and as to DK and his millions to plough in, yeah heard that little gem quite a few times, still waiting on the coal to become a diamond, give it a rest. Quote Link to post Share on other sites More sharing options...
daviecooper01 826 Posted February 24, 2014 Share Posted February 24, 2014 So let's understand this.If Dave King was to drop say another £20m into the club, THAT would be OK?If Mike Ashley was to drop say £20m into the club, THAT would be OK?So why is it bad for £1.5M to be put into club now?Cannot have it both ways guys - either investment is good, regardless of the amount and the source (within reason!) or is it bad.Or is it just that some want "their" spivs instead of "bad" spivs? Quote Link to post Share on other sites More sharing options...
Marco Negri's Beard 1,423 Posted February 24, 2014 Share Posted February 24, 2014 So let's understand this.If Dave King was to drop say another £20m into the club, THAT would be OK?If Mike Ashley was to drop say £20m into the club, THAT would be OK?So why is it bad for £1.5M to be put into club now?Cannot have it both ways guys - either investment is good, regardless of the amount and the source (within reason!) or is it bad.Or is it just that some want "their" spivs instead of "bad" spivs?Investment is good, taking a loan out to get through a month or two of running costs and having to pay it back with interest is not all that clever. Needs-must and l that but depressing how badly mismanaged we've been again by Green and the previous board of the last year or two Quote Link to post Share on other sites More sharing options...
MayboleLoyal_atb 3,710 Posted February 24, 2014 Share Posted February 24, 2014 So let's understand this.If Dave King was to drop say another £20m into the club, THAT would be OK?If Mike Ashley was to drop say £20m into the club, THAT would be OK?So why is it bad for £1.5M to be put into club now?Cannot have it both ways guys - either investment is good, regardless of the amount and the source (within reason!) or is it bad.Or is it just that some want "their" spivs instead of "bad" spivs?A would say most folk are just angry it's came down to this having had 22 million banked last year. Quote Link to post Share on other sites More sharing options...
RangersFanBase 611 Posted February 24, 2014 Author Share Posted February 24, 2014 So let's understand this.If Dave King was to drop say another £20m into the club, THAT would be OK?If Mike Ashley was to drop say £20m into the club, THAT would be OK?So why is it bad for £1.5M to be put into club now?Cannot have it both ways guys - either investment is good, regardless of the amount and the source (within reason!) or is it bad.Or is it just that some want "their" spivs instead of "bad" spivs?This isn't an investment, it's a loan that's to be repaid, and is secured against Rangers' assets. 20m from Mike Ashley and Dave King would have Rangers fans sitting wanking themselves silly.This however causes panic because it's now clear to everyone we have no money, even though fans have been screaming out for months that we need investment. Quote Link to post Share on other sites More sharing options...
OzGers 425 Posted February 24, 2014 Share Posted February 24, 2014 So let's understand this.If Dave King was to drop say another £20m into the club, THAT would be OK?If Mike Ashley was to drop say £20m into the club, THAT would be OK?So why is it bad for £1.5M to be put into club now?Cannot have it both ways guys - either investment is good, regardless of the amount and the source (within reason!) or is it bad.Or is it just that some want "their" spivs instead of "bad" spivs? are you not getting it? This is not investment, it's a loan, like the one we used to have with Rbs.Laxey and easdale are putting up money, for a fee, with the agreement it will be paid back in 6 months. They aren't investing jack shit Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 24, 2014 Share Posted February 24, 2014 We would only be borrowing about £250k (if anything) if we hadnt had to spend so much on the various follies of the rebels Quote Link to post Share on other sites More sharing options...
daviecooper01 826 Posted February 24, 2014 Share Posted February 24, 2014 AH, NOW I understand.So only money that is dropped into the club from "good Rangers men" not "spivs" or at least not these types of "spivs" is allowed.And it must be essentially a gift to the club, never to be repaid and not secured in any way against any club assets?That about right?Yeah, good luck with that. Because there are just hundreds of folk waiting around ready to pi$$ millions up against a wall because they are "Rangers men".... Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted February 24, 2014 Share Posted February 24, 2014 The way Rangers is being run is a disgrace. Snubbing investors and turning to loans instead - Where's the sense in that? Sure they might not want Dave King, but why were other investors not being looked at? It's a farce.14 months after an IPO and 70,000 season ticket sales, retail sales, merchandising etc we're needing loans of £1.5m. It was said months in advance that Rangers needed investment, that should of been looked at a hell of a lot sooner, instead the board rushed out their "#ReadyToListen" campaign when they should of been "#ReadyToListen" to investors. Outstanding how the club is being run, everyone in the board room deserves a pat on the back, especially The Easdales who are loaning us money for "next to nothing" - Although they still receive money in return for it in some form.i knew we would get to King sooner or later.If he puts money in, and that is a big if, then he wants at least the exact same kind of deal.He would only put money in for shares in return.So logically you will be outraged at this too.As for your tirade about the board spending, perhaps youve been away a while and missed the fact the board was recently changed.The board have got a great deal here. They have raised cash at very little expense and not given penny shares as the scaremongering liars at the RST made out.Perhaps if you want to out liars you should start there and ask why they are lying.oh and as for your guff about ready to listen, that was highlighted as a priority by both decent supporters AND your rebel fan base.I don't understand why you would criticise the board for doing what was asked if them. Unless if course you are just going to fault everything they do.Which of course you aren't.Are you ?Cos that would make you a rebel with an agenda, or rebel without a clue. Quote Link to post Share on other sites More sharing options...
Marco Negri's Beard 1,423 Posted February 24, 2014 Share Posted February 24, 2014 AH, NOW I understand.So only money that is dropped into the club from "good Rangers men" not "spivs" or at least not these types of "spivs" is allowed.And it must be essentially a gift to the club, never to be repaid and not secured in any way against any club assets?That about right?Yeah, good luck with that. Because there are just hundreds of folk waiting around ready to pi$$ millions up against a wall because they are "Rangers men"....I don't get your thought process here - you think people have no right to be angry that we've spent our whole IPO already? That we have to take out a loan to sort out our running costs already? I think people would be pretty irked about it whether the loan was coming from Laxey or from any other individualIf you are contented that the club has been so badly run over the last couple of years (again) then all power to you, but christ sake, don't be pissy with folk who have pretty genuine grievances about the utter clusterfuck that has been our club over the last 2 years Quote Link to post Share on other sites More sharing options...
topgoalie 637 Posted February 24, 2014 Share Posted February 24, 2014 This is not the fault of the present board, how some folk will not ask questions of the previous fucking shambles is beyond me. This is an absolute disgrace to be here 2 years after all that's gone on.this had better be sorted and sorted properly this time. Not only has the footballing philosophy stayed the same, the careless financial overspends have too. I cant believe we own Ed house we would have been as well buying ed the duckCorrect mate the previous board were nothing short of disgraceful and look where we are today.I call them the hurricane effect,they came they took,and now leave everyone to pick up the pieces.I really hope against hope that we can still move forward from this... Quote Link to post Share on other sites More sharing options...
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