TheLawMan 6,240 Posted February 25, 2014 Share Posted February 25, 2014 At a meeting with wallace last night,a shareholder offered Rangers an interest free loan of 500,000,to be paid back next year,he refused.If that's true then that's excellent news. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted February 25, 2014 Share Posted February 25, 2014 If that's true then that's excellent news. I dont think it would be if it was a no strings attached unsecured £500k loan.Would much prefer they used this over the secured equivalent offered by the Easdales which has to be paid back sooner. Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted February 25, 2014 Share Posted February 25, 2014 I dont think it would be if it was a no strings attached unsecured £500k loan.Would much prefer they used this over the secured equivalent offered by the Easdales which has to be paid back sooner.And I believe in Santa Quote Link to post Share on other sites More sharing options...
TheLawMan 6,240 Posted February 25, 2014 Share Posted February 25, 2014 I dont think it would be if it was a no strings attached unsecured £500k loan.Would much prefer they used this over the secured equivalent offered by the Easdales which has to be paid back sooner.Its excellent on 2 fronts for me.1) It means we have other investors who want are willing to help out so if need be, we kind of know we can rely on them.2) If we were able to refuse it then things actually cant be that bad. If they were, then we would have snapped it up.This offer has clearly came after the deal had been struck. The thing some people dont get is that how far do the Board go when looking for this stuff? They cant call every single investor to check as that wouldnt be practical. They would get the heads of terms from various commercial loan specialists and compare it to what somebody had came forward with then take it from there. It would have been preferable though to have the same deal as Easdale one with no charges and paying it back is better in September than waiting to this time next year. Pay it when we have it, not when we most need it. Quote Link to post Share on other sites More sharing options...
UKIP BEAR 370 Posted February 25, 2014 Share Posted February 25, 2014 So Lee Wallace was outright lying when he said he was glad he didn't have to make the decision to reject a move, because the board had rejected the bid for him... Aye, it's one big conspiracy between Graham Wallace, Lee Wallace and Billy Davies.You want to wind your neck in, you raging lunatic.No he told a member of the backroom staff that he was staying. Quote Link to post Share on other sites More sharing options...
UKIP BEAR 370 Posted February 25, 2014 Share Posted February 25, 2014 What you really have to laugh at in this forum,is the amount of people who think that the Rangers board can do no wrong.We don't know any of these people,they could be liars,they might not be.Any sort of criticism is jumped upon,"liar,taig,lunatic,idiot is the call.You would think after all that we've been through that our trust would be difficult to earn.Not on RM it's not.It's fellow Rangers fans who receive the abuse, whilst the guy's who have never paid to watch Rangers in their lives are untouchable,because they wear a Rangers blazer. Quote Link to post Share on other sites More sharing options...
JerGer 69 Posted February 25, 2014 Share Posted February 25, 2014 Let's say we sell 35000 season tickets at £258 each. That's £9 million pounds right there. As we get back up the leagues this number is likely to increase as well. If we get into Europe and sell 45000 tickets at £35 a ticket, that's over £1 million pounds for one home game. £900k is fuck all, and Wallace is worth a lot more than that. Moreover he's the kind of player who can propel us into Europe, earning us a lot more than £900 fucking K.There's no sensible reason to sell Lee Wallace.Before anyone starts quoting these figures can I just point out that they are wrong. You have overlooked the small matter of VAT - the net income to Rangers from selling 35,000 ST's at £258 would be £7,525,000 after tax (still not to be sneezed at but an 'investor loan' short of your figure).Also, Lee Wallace is worth precisely what another club will pay us for him, no more and no less. You and I will have our owns values of him, but the reality is that he is only 'worth' what someone will pay for him when we decide to sell him. Quote Link to post Share on other sites More sharing options...
West_Side 1,571 Posted February 25, 2014 Share Posted February 25, 2014 Before anyone starts quoting these figures can I just point out that they are wrong. You have overlooked the small matter of VAT - the net income to Rangers from selling 35,000 ST's at £258 would be £7,525,000 after tax (still not to be sneezed at but an 'investor loan' short of your figure).Also, Lee Wallace is worth precisely what another club will pay us for him, no more and no less. You and I will have our owns values of him, but the reality is that he is only 'worth' what someone will pay for him when we decide to sell him.So I have, my bad there. And yes, you're right about his value as well, though I firmly believe that if we do decide to sell him we can more than £900k for him. Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted February 25, 2014 Share Posted February 25, 2014 I can only comment on what i was told mate.Someone i trust 100% spoke to BD and he told him that Rangers contacted Forest trying to punt Wallace.When Lee heard he told a Rangers staff member he wasn't willing to leave.That's it mate,believe it or don't,it's entirely upto you.Are you willing to PM me your source? It will stay between us. Quote Link to post Share on other sites More sharing options...
BROOMIERD 308 Posted February 25, 2014 Share Posted February 25, 2014 I believe Billy Davies did his old club a favour by bidding for Wallace. He knew the bid would be rejected and this would give the fans a bit of good news for change.Cheers Billy, Once A RANGER always a RANGER, Quote Link to post Share on other sites More sharing options...
A.T.G 10,773 Posted February 25, 2014 Share Posted February 25, 2014 What you really have to laugh at in this forum,is the amount of people who think that the Rangers board can do no wrong.We don't know any of these people,they could be liars,they might not be.Any sort of criticism is jumped upon,"liar,taig,lunatic,idiot is the call.You would think after all that we've been through that our trust would be difficult to earn.Not on RM it's not.It's fellow Rangers fans who receive the abuse, whilst the guy's who have never paid to watch Rangers in their lives are untouchable,because they wear a Rangers blazer.Its the worst thing about being in here at timesIf you call green a robbing bastard or get worried at the loan or bad press you become a "rebel"Its pathetic Quote Link to post Share on other sites More sharing options...
sergio 1,199 Posted February 25, 2014 Share Posted February 25, 2014 ok then,answer the question.I can answer it, It doesn't take a genius to work it out, Sell a player that is worth a lot more than the1 Million or so that was offered. And during the transfer window when you are trying to get fans onside in the hope that they will purchase 30,0000 Season books at 400 quid a pop . No one is that daft pal. Quote Link to post Share on other sites More sharing options...
LewnicsRFC 7 Posted February 25, 2014 Share Posted February 25, 2014 Let's say we sell 35000 season tickets at £258 each. That's £9 million pounds right there. As we get back up the leagues this number is likely to increase as well. If we get into Europe and sell 45000 tickets at £35 a ticket, that's over £1 million pounds for one home game. £900k is fuck all, and Wallace is worth a lot more than that. Moreover he's the kind of player who can propel us into Europe, earning us a lot more than £900 fucking K.There's no sensible reason to sell Lee Wallace.That £9m changes to £7.5m as we have a £1.5m loan to pay back. £7.5m to try and last us a season? It will get us to October at best. If the 1.5m doesn't get paid by 1st Sept then its bye bye Edminston House and The Albion Quote Link to post Share on other sites More sharing options...
LaudrupsPatrickBoots 13,510 Posted February 25, 2014 Share Posted February 25, 2014 yes we can.We won't. I'd put my house on it. Wish I could believe we'd get this special dispensation but don't see it happening Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted February 26, 2014 Share Posted February 26, 2014 We won't. I'd put my house on it. Wish I could believe we'd get this special dispensation but don't see it happeningthere is a possibility, which you denied there wai was just letting you know you were wrong buddy.fwiw i agree that the SFA wont lift a finger to help us. Quote Link to post Share on other sites More sharing options...
West_Side 1,571 Posted February 26, 2014 Share Posted February 26, 2014 That £9m changes to £7.5m as we have a £1.5m loan to pay back. £7.5m to try and last us a season? It will get us to October at best. If the 1.5m doesn't get paid by 1st Sept then its bye bye Edminston House and The AlbionTo be fair I was being quite conservative with the number of season tickets sold, and also I didn't take into account the fact that they're going up in price for next season. Will likely be a good bit more than £7.5 million. Quote Link to post Share on other sites More sharing options...
TheQueensEleven 1,355 Posted February 26, 2014 Share Posted February 26, 2014 No he told a member of the backroom staff that he was staying.You talk one power of shite. That is all. Quote Link to post Share on other sites More sharing options...
JerGer 69 Posted February 26, 2014 Share Posted February 26, 2014 That £9m changes to £7.5m as we have a £1.5m loan to pay back. £7.5m to try and last us a season? It will get us to October at best. If the 1.5m doesn't get paid by 1st Sept then its bye bye Edminston House and The AlbionI think you are being a bit simplistic with your figures. The total income we can expect is better judged by looking at the figures from the last annual accounts, with your own adjustments for xhanges in season ticket numbers, prices, etc. It is the expenditure which has historically been too high and which GW will hopefully be working hard to address. Quote Link to post Share on other sites More sharing options...
UKIP BEAR 370 Posted February 26, 2014 Share Posted February 26, 2014 I can answer it, It doesn't take a genius to work it out, Sell a player that is worth a lot more than the1 Million or so that was offered. And during the transfer window when you are trying to get fans onside in the hope that they will purchase 30,0000 Season books at 400 quid a pop . No one is that daft pal.so we wouldnt turn up if wallace was sold?Bet we would. Quote Link to post Share on other sites More sharing options...
UKIP BEAR 370 Posted February 26, 2014 Share Posted February 26, 2014 You talk one power of shite. That is all.And you are a gullible clown. Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.