LegendofCoop 17,385 Posted January 26, 2009 Share Posted January 26, 2009 Forgive the lack of decent info or links to sources, but I'm doing this on lunch at the moment. Will try & get more info this afternoon. Also, I'm taking this with a pinch of salt tbh. My source is actually a director at another Football club, so how he has received this info, I'm not sure. Anyway, the rumour/story is that there is an offer on the cards from a potential buyer. The deal is that Gers will be sold for a nominal amount (£1?), with the clubs debts (£21m) being absorbed by MHI. The buyer will then pay Murray a fee of £30m over seven years. Murray will gain £9m over the seven years as the clubs debts are £21M. Also, Rangers would be debt free, but potentially without a major backer (such as SDM). I'm not claiming that this is by any stretch of the imagination a done deal, or that there is any truth in it. Just thought I'd run it by you guys & get your thoughts. Anyone else heard similar stories? Hope this isn't a repost....havent time to search! Cheers Link to post Share on other sites More sharing options...
Frankie 505 Posted January 26, 2009 Share Posted January 26, 2009 Forgive the lack of decent info or links to sources, but I'm doing this on lunch at the moment. Will try & get more info this afternoon. Also, I'm taking this with a pinch of salt tbh. My source is actually a director at another Football club, so how he has received this info, I'm not sure. Anyway, the rumour/story is that there is an offer on the cards from a potential buyer. The deal is that Gers will be sold for a nominal amount (£1?), with the clubs debts (£21m) being absorbed by MHI. The buyer will then pay Murray a fee of £30m over seven years. Murray will gain £9m over the seven years as the clubs debts are £21M. Also, Rangers would be debt free, but potentially without a major backer (such as SDM). I'm not claiming that this is by any stretch of the imagination a done deal, or that there is any truth in it. Just thought I'd run it by you guys & get your thoughts. Anyone else heard similar stories? Hope this isn't a repost....havent time to search! Cheers Heard similar rumours over the last few years but given the debt is more like £30million and given they likelihood of any buyer in the current climate is very low, I also recommend a pinch of salt for all readers. I'd also be surprised if Murray sold the club to anyone who didn't have the finance behind them to safeguard the future of the club. Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted January 26, 2009 Share Posted January 26, 2009 Sourced This came from Celtic quick news…is that a source……:mellow: http://www.celticquicknews.co.uk/2009/01/r...hp#commentsform Maybe the "director" reads this pish...... Link to post Share on other sites More sharing options...
LegendofCoop 17,385 Posted January 26, 2009 Author Share Posted January 26, 2009 Forgive the lack of decent info or links to sources, but I'm doing this on lunch at the moment. Will try & get more info this afternoon. Also, I'm taking this with a pinch of salt tbh. My source is actually a director at another Football club, so how he has received this info, I'm not sure. Anyway, the rumour/story is that there is an offer on the cards from a potential buyer. The deal is that Gers will be sold for a nominal amount (£1?), with the clubs debts (£21m) being absorbed by MHI. The buyer will then pay Murray a fee of £30m over seven years. Murray will gain £9m over the seven years as the clubs debts are £21M. Also, Rangers would be debt free, but potentially without a major backer (such as SDM). I'm not claiming that this is by any stretch of the imagination a done deal, or that there is any truth in it. Just thought I'd run it by you guys & get your thoughts. Anyone else heard similar stories? Hope this isn't a repost....havent time to search! Cheers Heard similar rumours over the last few years but given the debt is more like £30million and given they likelihood of any buyer in the current climate is very low, I also recommend a pinch of salt for all readers. I'd also be surprised if Murray sold the club to anyone who didn't have the finance behind them to safeguard the future of the club. I think that's an exagerated amount TBH. Murray said a couple of weeks ago the debt was £23m. Also, Someone from Privewaterhouse Coopers was interviewed last week & they said it was £21m Link to post Share on other sites More sharing options...
Guest therabbitt Posted January 26, 2009 Share Posted January 26, 2009 I think the £30 million figure is predicted is it not? Link to post Share on other sites More sharing options...
LegendofCoop 17,385 Posted January 26, 2009 Author Share Posted January 26, 2009 Sourced This came from Celtic quick news…is that a source……:mellow: http://www.celticquicknews.co.uk/2009/01/r...hp#commentsform Maybe the "director" reads this pish...... :lol: [/Thread] That's it word for word mate! Ah, well.....bang goes my first 'scoop'!! haha!!! Knew it would be pish! Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted January 26, 2009 Share Posted January 26, 2009 I think the £30 million figure is predicted is it not? Read the article mate, the broken mirror period…that is a 100% a wind up……. Link to post Share on other sites More sharing options...
ForeverBlue_Since91 2,895 Posted January 26, 2009 Share Posted January 26, 2009 I think the £30 million figure is predicted is it not? Read the article mate, the broken mirror period…that is a 100% a wind up……. It is coming From celtic site written by celtic fans anything to do with rangers they are not going to write the truth are they they always talk pish when we are skint/fucked. its a windup they cant write anything sensible. Link to post Share on other sites More sharing options...
Guest therabbitt Posted January 26, 2009 Share Posted January 26, 2009 I think the £30 million figure is predicted is it not? Read the article mate, the broken mirror period…that is a 100% a wind up……. I just meant that our debt may be in the early £20 millions at the minute, but the £30 million is predicted next time the figures are released. I know exactly hee haw about it though Link to post Share on other sites More sharing options...
GeneralCartmanLee 313 Posted January 26, 2009 Share Posted January 26, 2009 I think the £30 million figure is predicted is it not? Read the article mate, the broken mirror period…that is a 100% a wind up……. I just meant that our debt may be in the early £20 millions at the minute, but the £30 million is predicted next time the figures are released. I know exactly hee haw about it though Ah…sorry picked you up wrongly….. Link to post Share on other sites More sharing options...
Guest therabbitt Posted January 26, 2009 Share Posted January 26, 2009 I think the £30 million figure is predicted is it not? Read the article mate, the broken mirror period…that is a 100% a wind up……. I just meant that our debt may be in the early £20 millions at the minute, but the £30 million is predicted next time the figures are released. I know exactly hee haw about it though Ah…sorry picked you up wrongly….. Link to post Share on other sites More sharing options...
Frankie 505 Posted January 26, 2009 Share Posted January 26, 2009 I think that's an exagerated amount TBH. Murray said a couple of weeks ago the debt was £23m. Also, Someone from Privewaterhouse Coopers was interviewed last week & they said it was £21m The debt was last reported as £21.6million (in the year ending June 2008). It will have gone up since then possibly by as much as £10million+ due to no European football. Link to post Share on other sites More sharing options...
Guest therabbitt Posted January 26, 2009 Share Posted January 26, 2009 I think that's an exagerated amount TBH. Murray said a couple of weeks ago the debt was £23m. Also, Someone from Privewaterhouse Coopers was interviewed last week & they said it was £21m The debt was last reported as £21.6million (in the year ending June 2008). It will have gone up since then possibly by as much as £10million+ due to no European football. That's what I meant, except Frankie knows what he's talking about... Link to post Share on other sites More sharing options...
Frankie 505 Posted January 26, 2009 Share Posted January 26, 2009 I just pretend to know what I'm talking about mate.... We should know more about the status of the accounts in the interim report due out in the next month or so. Link to post Share on other sites More sharing options...
LegendofCoop 17,385 Posted January 26, 2009 Author Share Posted January 26, 2009 Cheers guys, I also thought the debt of £21m was including this seasons figures. Even at £30m, I don't see it as panic time yet! Will need to vet my sources a bit next time eh? You can imagine the ribbing he's getting now that, thanks to General Cartman Lee, he's been outed as a Tim!!! Haha MAJOR embarrassment! :cheers: Well done the RM family! Link to post Share on other sites More sharing options...
Frankie 505 Posted January 26, 2009 Share Posted January 26, 2009 If anyone wonders where I get these figures from well you can view last year's interim report and judge where the differences will be from the similar period reports of (01/07 to 31/12) last season (07-08; where we had CL football) and even the prevous season (06-07; where we had UEFA Cup football). For example: Turnover (6 months 07-08): £33.1million Turnover (6 months 06-07): £23.1million Thus, turnover for the first 6 months of 08-09 will be less than £23.1million. Profit (6 months 07-08): £2.3milllion Profit (6 months 06-07): £-1.5milllion Thus, we will make a loss of at least £1.5million over the same period. Add in further increased interest costs and increased wage costs, then there is no doubt the debt will have risen once more. That amount is open to debate but the fact we're having to 'balance the books' by selling a player for £3million suggests it must be of an amount that is worrying the club (and/or its backers). Link to post Share on other sites More sharing options...
Frankie 505 Posted January 26, 2009 Share Posted January 26, 2009 I should add that it is unlikely the debt will be at £30million in this report but unless we sell players and free up wages - as well as bringing any fees - then that figure is certainly possible come the final year reports later this year... Link to post Share on other sites More sharing options...
Bluedell 14 Posted January 26, 2009 Share Posted January 26, 2009 I should add that it is unlikely the debt will be at £30million in this report but unless we sell players and free up wages - as well as bringing any fees - then that figure is certainly possible come the final year reports later this year... There will be no mention of the debt in the forthcoming half-year report. Link to post Share on other sites More sharing options...
Bluedell 14 Posted January 26, 2009 Share Posted January 26, 2009 Cheers guys, I also thought the debt of £21m was including this seasons figures. Even at £30m, I don't see it as panic time yet! We only have the ability to have debt of £36m, so it's getting mighty close to panic time. Link to post Share on other sites More sharing options...
Frankie 505 Posted January 26, 2009 Share Posted January 26, 2009 There will be no mention of the debt in the forthcoming half-year report. No but given they are likely to mention the figures above, then we can reach our own estimated conclusion? Link to post Share on other sites More sharing options...
Bluedell 14 Posted January 26, 2009 Share Posted January 26, 2009 There will be no mention of the debt in the forthcoming half-year report. No but given they are likely to mention the figures above, then we can reach our own estimated conclusion? Every little bit of information helps to paint the picture. Link to post Share on other sites More sharing options...
ManchestGer 347 Posted January 26, 2009 Share Posted January 26, 2009 I can't see Murray selling the club to someone unless they are able to take the club forward and would benefit the club ie. someone with a lot more financial power Link to post Share on other sites More sharing options...
biotechnology 2 Posted January 26, 2009 Share Posted January 26, 2009 Just wish it would happen quickly if at all & to take the dark clouds away from Ibrox for a bit. Link to post Share on other sites More sharing options...
docspiderman 1,230 Posted January 26, 2009 Share Posted January 26, 2009 I cannot imagine any sane person willing to throw away money by investing in any spl club and there is no chance of a person with business accumen willing to do this. Link to post Share on other sites More sharing options...
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