sairdy 0 Posted August 12, 2008 Share Posted August 12, 2008 When Murray brought out his “share issue” a few years ago it was underwritten by himself. He pumped about £50million into it because we were not going to pay for his mis-management of our club. Well not directly... Rangers merchandising sold for £3million a year, £9million from Hutton sale, £20million fae European run last year, £5million net profit on Carlos. Toss in the net profit from the Setanta deal and season ticket sales this year, and we can roughly call it £45million in his sky rocket. Therefore he will sell more players to get his fifty million back. Then as the club will be on its knees he will sell it to us for about fifty million( something along the lines of what Fergus done with the un-washed) and double his money. Great bit of adding up by a business man. Its called asset stripping. Murray you have your knighthood and soon you will have your beloved money back. Just move it up a gear and fuck off as quickly as you can. No pun intended. Link to post Share on other sites More sharing options...
rfc_no1fan 13 Posted August 12, 2008 Share Posted August 12, 2008 When Murray brought out his “share issue” a few years ago it was underwritten by himself. He pumped about £50million into it because we were not going to pay for his mis-management of our club. Well not directly... Rangers merchandising sold for £3million a year, £9million from Hutton sale, £20million fae European run last year, £5million net profit on Carlos. Toss in the net profit from the Setanta deal and season ticket sales this year, and we can roughly call it £45million in his sky rocket. Therefore he will sell more players to get his fifty million back. Then as the club will be on its knees he will sell it to us for about fifty million( something along the lines of what Fergus done with the un-washed) and double his money. Great bit of adding up by a business man. Its called asset stripping. Murray you have your knighthood and soon you will have your beloved money back. Just move it up a gear and fuck off as quickly as you can. No pun intended. He didnt pay £50 million, he simply moved the debt and made it more managable. Rangers (we) are paying for his mistakes Link to post Share on other sites More sharing options...
ChicagoBear 0 Posted August 12, 2008 Share Posted August 12, 2008 He moved the debt to one of his other companies so it wasnt a burden on Rangers as such. Link to post Share on other sites More sharing options...
sairdy 0 Posted August 12, 2008 Author Share Posted August 12, 2008 Fair enough, is the debt in his name or in one of his companys names? either way we are being asset stripped. Link to post Share on other sites More sharing options...
ChicagoBear 0 Posted August 12, 2008 Share Posted August 12, 2008 Fair enough, is the debt in his name or in one of his companys names? either way we are being asset stripped. The debt is in the name of one of his companies, but ultimately its his debt. Just as any debt at Rangers is his debt. Link to post Share on other sites More sharing options...
TheFlyingPig 0 Posted August 12, 2008 Share Posted August 12, 2008 Did we not get 18M up front on the JJB deal? Link to post Share on other sites More sharing options...
dummiesoot 16,005 Posted August 12, 2008 Share Posted August 12, 2008 Did we not get 18M up front on the JJB deal? Sir David did anyway Link to post Share on other sites More sharing options...
wingman 0 Posted August 12, 2008 Share Posted August 12, 2008 When Murray brought out his “share issue” a few years ago it was underwritten by himself. He pumped about £50million into it because we were not going to pay for his mis-management of our club. Well not directly... Rangers merchandising sold for £3million a year, £9million from Hutton sale, £20million fae European run last year, £5million net profit on Carlos. Toss in the net profit from the Setanta deal and season ticket sales this year, and we can roughly call it £45million in his sky rocket. Therefore he will sell more players to get his fifty million back. Then as the club will be on its knees he will sell it to us for about fifty million( something along the lines of what Fergus done with the un-washed) and double his money. Great bit of adding up by a business man. Its called asset stripping. Murray you have your knighthood and soon you will have your beloved money back. Just move it up a gear and fuck off as quickly as you can. No pun intended. I have to agree. I was talking to guys at work today and we wondered where the money has gone. Probably servicing Murray's debt. If he can hide 50m in another arm of his empire the he can surely redirect any cash coming into any part of his company. Mind you, I dont think Fergus ripped Celtic off at all. He came with a 5 year plan, built a new stadium and walked away with a profit. I am sure if you asked any Celtic fans they would be eternally grateful to him. He certainly left them a much stronger club (as has been proven over the last ten years). Link to post Share on other sites More sharing options...
biotechnology 2 Posted August 12, 2008 Share Posted August 12, 2008 We are part of M.I.H. Murray International Holdings. We are part of them now & our debt became part of MIH. Didnt pay anything & was very miffed because WE wouldnt give him 25M to make up for his mis management of the club-so he moved the club & debt into MIH & has shafted us ever since. He resents us now, the club is a millstone around his & MIH's neck. The Russian who bought the Steel side (MIM) was interested in buying us & apparently discussed it with him at CSKA Moscow CL Qualifier=He was interested then-wonder if he still is. Link to post Share on other sites More sharing options...
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