Emerson 2 Posted January 10, 2009 Share Posted January 10, 2009 http://news.bbc.co.uk/sport1/hi/football/t...ers/3709888.stm Rangers' £10m transfer fund David Murray recently returned as Rangers chairman Glasgow-born businessman Alistair Donald wants to plough more than £10m into Rangers to help fund signings for under-fire manager Alex McLeish. The lifelong Rangers fan - who has an estimated fortune of £70m - has been holding talks with chairman David Murray for several weeks. Donald said: "David will be attacking the debt and wiping it out very soon. "So I expect a large proportion of the money I am pledging will go to the manager, Alex McLeish." Murray will reveal the finer details of the share issue aimed at easing the club's £74m debt at Thursday's annual meeting, leaving most of Donald's cash injection for new players. "I have been speaking to David Murray for some time with a view to making an investment which will be north of £10m," said Donald. "I feel with the proper resources Alex McLeish can take Rangers even further in the Premier League and in Europe." Donald made his fortune with internet companies in Europe and America in the 1990s and, now that he plans semi-retirement when he turns 50 next week, he is keen to buy an interest in the club he has supported all his life. Murray confirmed that talks have been ongoing over recent weeks. "We have been having amicable discussions over a period of weeks now and I look forward to a profitable outcome in due course," he said. "We're determined to get the club back on a strong financial footing and help the manager and the team further their ambitions at home and abroad." Link to post Share on other sites More sharing options...
kplfishtank 4,657 Posted January 10, 2009 Share Posted January 10, 2009 sorry dont even remember if he ever came across with the dosh Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted January 10, 2009 Share Posted January 10, 2009 I remember the story, but I don't think he ever put it in. Link to post Share on other sites More sharing options...
Frankie 505 Posted January 10, 2009 Share Posted January 10, 2009 IIRC, he didn't make the investment and he is now a director of Morton. Link to post Share on other sites More sharing options...
Bluedell 14 Posted January 12, 2009 Share Posted January 12, 2009 I believe that Donald did not receive the guarantee that the cash would be spent on players and so the investment was never made. As Frankie points out, he is a director of Morton, and I understand that he goes to their games but hasn't put any cash into their club. Link to post Share on other sites More sharing options...
Jasper 157 Posted January 12, 2009 Share Posted January 12, 2009 I believe that Donald did not receive the guarantee that the cash would be spent on players and so the investment was never made. As Frankie points out, he is a director of Morton, and I understand that he goes to their games but hasn't put any cash into their club. How gutted would you be if you were a Morton fan- director has a personal fortune of 70m, yet hasnt spent a penny on the club. Link to post Share on other sites More sharing options...
Bluedell 14 Posted January 12, 2009 Share Posted January 12, 2009 I believe that Donald did not receive the guarantee that the cash would be spent on players and so the investment was never made. As Frankie points out, he is a director of Morton, and I understand that he goes to their games but hasn't put any cash into their club. How gutted would you be if you were a Morton fan- director has a personal fortune of 70m, yet hasnt spent a penny on the club. Yeah, I understand many Morton fans were expecting some sort of investment but this hasn't happened. It seems he has become a director as he is a friend of Douglas Rae. Link to post Share on other sites More sharing options...
covenanter 158 Posted January 12, 2009 Share Posted January 12, 2009 If I were a Morton fan, I would be most excited that the Club's Chairman, Douglas Rae is a former Presenter of 'Magpie'. Link to post Share on other sites More sharing options...
Bluedell 14 Posted January 12, 2009 Share Posted January 12, 2009 If I were a Morton fan, I would be most excited that the Club's Chairman, Douglas Rae is a former Presenter of 'Magpie'. The guy on the left. Link to post Share on other sites More sharing options...
ecossescotia 0 Posted January 12, 2009 Share Posted January 12, 2009 This makes interesting reading - from the Scotsman. May be related to the question ABERDEEN Turnover: £7.52m Wages: £5.15m Wages/Turnover Ratio: 69% Debt: £11.46m CELTIC Turnover: £75.24m Wages: £36.42m Wages/Turnover Ratio: 48% Debt: £9.16m FALKIRK Turnover: £3.98m Wages: £2.31m Wages/Turnover Ratio: 58% Debt: None DUNDEE UNITED Turnover: £4.01m Wages: £2.58m Wages/Turnover Ratio: 64% Debt:£7.28m DUNFERMLINE ATHLETIC Turnover: £5.15m Wages: £3.34m Wages/Turnover Ratio: 65% Debt:£8.92m HEARTS Turnover: £10.32m Wages: £12.49m Wages/Turnover Ratio: 121% Debt:£37.57m HIBERNIAN Turnover: £9.85m Wages: £4.06m Wages/Turnover Ratio: 41% Debt:£2.88m INVERNESS CT Turnover: £2.88m Wages: £1.35m Wages/Turnover Ratio: 47% Debt:£20,000 KILMARNOCK Turnover: £8.06m Wages: £3.90m Wages/Turnover Ratio: 48% Debt:£11.60m MOTHERWELL Turnover: £3.68m Wages: £2.37m Wages/Turnover Ratio: 64% Debt:£0.5m RANGERS Turnover: £41.77m Wages: £24.26m Wages/Turnover Ratio: 58% Debt:£16.54m ST MIRREN Turnover: £2.96m Wages: £1.75m Wages/Turnover Ratio: 59% Debt:£1.37m • Source: Price Waterhouse Coopers Annual Review 2008 (Figures from accounts for 2006-07 season)" Link to post Share on other sites More sharing options...
Bluedell 14 Posted January 12, 2009 Share Posted January 12, 2009 This makes interesting reading - from the Scotsman. May be related to the question RANGERS Turnover: £41.77m Wages: £24.26m Wages/Turnover Ratio: 58% Debt:£16.54m • Source: Price Waterhouse Coopers Annual Review 2008 (Figures from accounts for 2006-07 season)" Out of date by 18 months. 2008 Turnover, wages and debt were all increased. Link to post Share on other sites More sharing options...
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