Kilmarnock applauded for cheating bank out of £7 Million

[Blue_Nose 10]

A bank bailed out by us, the taxpayers.

[WCPRANGERS1 2,997]

Johnson find his deal to wipe the debt then?

[Rickshaw77 287]

Scottish football is so stupid at times it`s not real.

A club that goes into admin and pays back a % of debt gets punished.

A club that walks away from every penny it owes then gets congratulated?

Killie , Dunfermline and Hearts have now walked away from 60 million in debt without so much as a word being said about it.

[Skyson1872 2,923]

It's getting beyond a joke.

[foghorn leghorn 608]

Thought I heard on the tranny that they sold (or will sell ) the Park Hotel, the Moffat family let them off with the £1.8m loan and Bowie skip hire wants to create shares to sell.

We don't have any debt, but can't get a bank loan and have too many shysters shafting us of cash.

[RWB72 1,525]

Fuck the SFA

[Creampuff 22,628]

Good for them.

[elephants stoned 2,994]

The outrage against us was because we are Rangers and not for the money kept away from the taxman by EBTs or whytes criminal behavior and the supposed schools and hospitals that were brought up and if that was not self evident before it certainly is now with spl clubs like Killy and hertz getting away with large scale debt and not a peep.

[nachothelegend 1,932]

Fucking disgrace.

[jack1690 793]

Truthfully.....is anyone really surprised that we get slaughtered for being abused by crooks while others gets applauded for their "business acumen".

[WeLoveYouRangers 0]

It's jus cos we're eh mighty Rangers.

[IbroxBurnzy 484]

This fucking pile of pish country makes me sick.

[Stoorie 1,088]

Corruption in Scottish football is rife. Every finger points back to the SFA.

Corrupt to the fucking core.

[1873bear 192]

What's the real story behind this?

[Corky True Legend 2,682]

Don't forget dundee hivs "arrangement" when fans paid SOME and the rest was written off. One law for Rangers and another for the rest.

Rangers, my team not my project.

[soulboy 2,518]

What's the real story behind this?

http://www.bbc.co.uk/sport/0/football/26583407

[bombaybadboy08 15,660]

It's jus cos we're eh mighty Rangers.

And we don't do shagging wee boys!

[mitre_mouldmaster 21,509]

What's the real story behind this?

It is complicated.

Banks at the minute are willing to ditch impairments to improve their footing. There are tighter rules coming in and so wiping out deals where they are never likely to see the money is becoming a more attractive proposition than holding onto it in the hope they might be able to claw a small fraction back over a long period of time.

In other words, Killie are jammy bastards where as we were battered for the same thing.

[Stoorie 1,088]

Financial doping. Run up a debt that you can't pay back then bail on it.

Sound familiar?

Only we didn't bail, we got hammered and if the rumours are true, the old-co, could have been pushed under while still solvent.

Don't think I've said this tonight!

SFA/SPL=SPFL.

CORRUPT TO THE CORE.

[obiwan72 28]

All I can say is it makes me sick. Considering we only owed the taxman 9million and we've paid off most of the other debt even though we had no legal obligation too, how much did we really end up not paying? Less than 20mil I'd guess. Yet these teams have balked on a massive 60+ million. And we're the bad guys....

edit- read hearts debt was around 50 million? How much they payin back through CVA? 5 or something?

[SuperAli 1,350]

I will believe anything is possible in Scottish football now. Why are we still entertaining the Scottish leagues with our presence?

[StuartM6 279]

This makes me sick.

Corrupt to the core.

[ArchibaldLeitch 380]

The hotel has been sold for £2.5m which has brought their debt to BOS To £6.9m which bill bowie is converting the balance of the bank debt into equity.

Hmm almost £7m drifting off the balance sheet here for a taxpayer funded bank.

Corrupt to the core. Incidentilly is BOS still a sponsor of scottish football?

[siddiqi_drinker 14,635]

All I can say is it makes me sick. Considering we only owed the taxman 9million and we've paid off most of the other debt even though we had no legal obligation too, how much did we really end up not paying? Less than 20mil I'd guess. Yet these teams have balked on a massive 60+ million. And we're the bad guys....

edit- read hearts debt was around 50 million? How much they payin back through CVA? 5 or something?

Our debt was negotiable and more importantly manageable until that absolute cunt Shyte became involved.

Hope we have a memorial party when he passes --- sooner the better

[there'sonlyoneamoruso 1,724]

The hotel has been sold for £2.5m which has brought their debt to BOS To £6.9m which bill bowie is converting the balance of the bank debt into equity.

How does the second part of this work? He just pays the bank £7m and then gets £7m worth of shares in the club???