Popular Post MosesMcNeil 1,664 Posted February 26, 2014 Popular Post Share Posted February 26, 2014 We could just keep spunking our money away and get fuck all in return...D Murray, Whyte, Green, Stockbridge, Ahmad - Laxey's. And others - we've had a stunning run of filthy suits prepared to milk our club and support for all it's worth. Some of them for more than it's worth - leading us to where we are today with loan-sharking duly secured against club properties.And King never had a truer word to say than this: "Rangers has also developed an extremely un-Rangers like culture of "turning on its own".This thread being a perfect example. Jonok, coop troop, Plug1 and 3 others 6 Quote Link to post Share on other sites More sharing options...
trublusince1982 768 Posted February 26, 2014 Share Posted February 26, 2014 So we hold the club we're meant to love to some sort of ransom?Anyone who does that is worse than any taigis your money going to the club?the whole point is they dont believe it is. thats why we are in such a mess. they want to insure 100% of the cash goes to the club Quote Link to post Share on other sites More sharing options...
Popular Post The Godfather 71,478 Posted February 26, 2014 Popular Post Share Posted February 26, 2014 "Without this we will not get back to where we should be. If we cut our costs to suit our present income we will remain a small club and Celtic will shoot through 10 in a row - and beyond - while we slug it out for the minor places."What a scaremongering man King is.Threats of the bheasts dominating while we are mid table.Telling us not to by ST if certain things are not disclosed...Who in all reality does Dave King think he is? bluedart1952, KeyserSoze, gogzy and 2 others 5 Quote Link to post Share on other sites More sharing options...
dougie76 15,356 Posted February 26, 2014 Share Posted February 26, 2014 You don't like the way Rangers has been run David? then buy the cunts out or do you want to scare the fans into doing your dirty work for you? thehost and JohnHardie 2 Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted February 26, 2014 Share Posted February 26, 2014 is your money going to the club?the whole point is they dont believe it is. thats why we are in such a mess. they want to insure 100% of the cash goes to the clubYes it's going to the club if it wasn't we wouldn't even be paying bills ffs Quote Link to post Share on other sites More sharing options...
bawsburst 1,381 Posted February 26, 2014 Author Share Posted February 26, 2014 King's tax assessment is made up, among other things, of a R4,8m tax bill on his Sandhurst house,R101,44m on a Falcon 900, R188,47m on a Talacar shareholders loan account, R2,1m on a Ferrari,R17,24m for living expenses and - his largest single tax claim - R200m income from Rangers FootballClub, as well as R281,28m in penalties and R20m in taxes on income from the Amazulu Football Club,which King insists he bought for R1 in return for paying outstanding salaries and financial obligations forthe club.The above would suggest otherwiseNo he didn't receive anything from the club....otherwise it would have been in our accounts and he didn't invest in the club. Quote Link to post Share on other sites More sharing options...
MaddistonKnight 1,567 Posted February 26, 2014 Share Posted February 26, 2014 I read that statement whilst agreeing with most of it - including the trust idea.I then stopped working and came on here to find out out how my fellow fans were thinking and I have just realised that I am sick fed up of hearing the same shite, from the same people - people who are quite happy for this glorious club to glide along with no financial security and none the wiser as to where the next coin is coming from.I have refrained from saying this but wise the fuck up!We were all united when we lambasted Whyte for taking a loan on season ticket money with NO security other than his personal security, yet some of the current support are happy that the current board have taken a short term loan to bridge the gap until the season ticket money is in. That is essentially the same damn thing as Whyte did, on a lesser scale. The difference? The current board have put up Rangers' property as security - not even Whyte did that!Not quite the same.This type of loan is taken up by many football clubs at this time of the season. The reason we can't go to the usual vendors for the money is because of our position re. new company. Quote Link to post Share on other sites More sharing options...
SteveJ 743 Posted February 26, 2014 Share Posted February 26, 2014 Trying to even compare this to Whyte is either complete lies or delusion or both.So Whyte put up Rangers' property as security for his loan?Have the board put up Rangers' property as security for their loan?Where are you seeing lies? Quote Link to post Share on other sites More sharing options...
trueblue68 2,497 Posted February 26, 2014 Share Posted February 26, 2014 So sick of it all Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted February 26, 2014 Share Posted February 26, 2014 And how do you handle people deciding they're fed up with the football, can't be bothered going on a cold rainy day, want to stay in the pub etc? Least with season tickets the club already have the money.Dont think that is how the trust would work mate.People would pay their £300 up front to the trust just as though they were buying a season ticket. The trust would be legally bound to release x% every match played.If for any reason the club went into admin, then the trust would stop paying the money to the club and give the remainder back to the fans.Its basically the same as buying a ticket each week, only giving a legal contract that you will buy one every week and not decide you are bored. Quote Link to post Share on other sites More sharing options...
SteveJ 743 Posted February 26, 2014 Share Posted February 26, 2014 Yes it's going to the club if it wasn't we wouldn't even be paying bills ffsSo who's ST money is paying the £150k agreed fee for the loan? Quote Link to post Share on other sites More sharing options...
TheBluebells 6,898 Posted February 26, 2014 Share Posted February 26, 2014 So sick of it all Exact same, absolutely scunnered with it all. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted February 26, 2014 Share Posted February 26, 2014 So Whyte put up Rangers' property as security for his loan?Have the board put up Rangers' property as security for their loan?Where are you seeing lies?Security for a loan is standard as has been said multiple times.Lies is trying to compare this to a guy that deliberately withheld VAT, PAYE etc. Quote Link to post Share on other sites More sharing options...
mitre_mouldmaster 21,509 Posted February 26, 2014 Share Posted February 26, 2014 So Whyte put up Rangers' property as security for his loan?Have the board put up Rangers' property as security for their loan?Where are you seeing lies?Whyte actually didnt put our property up as security. Thats why the bill landed at his door. Plug1 1 Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted February 26, 2014 Share Posted February 26, 2014 "Without this we will not get back to where we should be. If we cut our costs to suit our present income we will remain a small club and Celtic will shoot through 10 in a row - and beyond - while we slug it out for the minor places."What a scaremongering man King is.Threats of the bheasts dominating while we are mid table.Telling us not to by ST if certain things are not disclosed...Who in all reality does Dave King think he is?He's not the messiah. Quote Link to post Share on other sites More sharing options...
elephants stoned 2,994 Posted February 26, 2014 Share Posted February 26, 2014 "Without this we will not get back to where we should be. If we cut our costs to suit our present income we will remain a small club and Celtic will shoot through 10 in a row - and beyond - while we slug it out for the minor places."What a scaremongering man King is.Threats of the bheasts dominating while we are mid table.Telling us not to by ST if certain things are not disclosed...Who in all reality does Dave King think he is?I must of missed the part where we became a small club never mind remaining one. Bheasts will be wanking themselves silly over those comments. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted February 26, 2014 Share Posted February 26, 2014 So who's ST money is paying the £150k agreed fee for the loan?Who's season ticket money is paying Cribari's wages? That annoys me more SteveJ and WadeWilson 2 Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted February 26, 2014 Share Posted February 26, 2014 Dont think that is how the trust would work mate.People would pay their £300 up front to the trust just as though they were buying a season ticket. The trust would be legally bound to release x% every match played.If for any reason the club went into admin, then the trust would stop paying the money to the club and give the remainder back to the fans.Its basically the same as buying a ticket each week, only giving a legal contract that you will buy one every week and not decide you are bored.It'a holding the club to ransom and it's scum behaviour, no fancy talk about 'a trust' changes that Quote Link to post Share on other sites More sharing options...
SteveJ 743 Posted February 26, 2014 Share Posted February 26, 2014 Security for a loan is standard as has been said multiple times.Lies is trying to compare this to a guy that deliberately withheld VAT, PAYE etc.I am comparing two loans - I am not comparing the individuals. Both loans were basically against expected ST money. One infuriated fans, the other is welcomed by some and marked as worrying by others. Quote Link to post Share on other sites More sharing options...
dougie76 15,356 Posted February 26, 2014 Share Posted February 26, 2014 D Murray, Whyte, Green, Stockbridge, Ahmad - Laxey's. And others - we've had a stunning run of filthy suits prepared to milk our club and support for all it's worth. Some of them for more than it's worth - leading us to where we are today with loan-sharking duly secured against club properties.And King never had a truer word to say than this: "Rangers has also developed an extremely un-Rangers like culture of "turning on its own".This thread being a perfect example.King knew exactly what he was doing there, yes its true but this is only going to make things worse. Quote Link to post Share on other sites More sharing options...
SteveJ 743 Posted February 26, 2014 Share Posted February 26, 2014 Whyte actually didnt put our property up as security. Thats why the bill landed at his door.Shame on you mitre I know that, that is my point."we lambasted Whyte for taking a loan on season ticket money with NO security other than his personal security" Quote Link to post Share on other sites More sharing options...
stu43rigger 327 Posted February 26, 2014 Share Posted February 26, 2014 No he didn't receive anything from the club....otherwise it would have been in our accounts and he didn't invest in the club.so where did his £20 million go?? Quote Link to post Share on other sites More sharing options...
MarathonMan 156 Posted February 26, 2014 Share Posted February 26, 2014 Dave King - True Blue! Quote Link to post Share on other sites More sharing options...
better than all the rest 153 Posted February 26, 2014 Share Posted February 26, 2014 So he's not on the board, wants on the board,can't work with the board. Noe wants us to pay ST into a holding account. I hope Wallace has a statement soon. Fecking sick off it all. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted February 26, 2014 Share Posted February 26, 2014 I am comparing two loans - I am not comparing the individuals. Both loans were basically against expected ST money. One infuriated fans, the other is welcomed by some and marked as worrying by others.Whyte's 'loan' wasn't in any way workable, surely you can see the difference? 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.