The question should be asked why Rangers were given 3 home fixtures before the split against the teams most likely to be in the top 6. You could probably have nailed on 4 or 5 of the teams who were going to be top 6 before the season started.
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The question should be asked why Rangers were given 3 home fixtures before the split against the teams most likely to be in the top 6. You could probably have nailed on 4 or 5 of the teams who were going to be top 6 before the season started.
This has now went from meltdown thread to fixture list thread
:greengrin
Please can we keep this thread to the The Rangers financial position and potential for meltdown. Let’s keep the post split fixtures comment to a separate thread
It appears the recent security taken by Close Brothers is not only for the car park and Edmonton house but also includes their PA system, the large screens inside the stadium and all the catering equipment inside the stadium.
That’s a lot of security for a £3m loan/overdraft.
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To put a slightly pessimistic slant on that, would that not suggest that the Rangers board are pretty confident in their ability to service the debt (one way or another)?
I don't know if I'd be putting up bucketloads of security on a debt that I was possibly going to default on pretty soon.
The Rangers board were also confident that Dave King was going to cover this and they would not need this finance at all.
One thing for sure, if Close Brothers have to call this in then they won’t be able to play matches without a PA system.
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It's an ambiguous term IMO.
If it means the "cost to the lender", it's probably the LIBOR rate...currently about 0.5%. If that's the case, a default rate of 4.5% doesn't seem too bad.
If it means "the cost charged by the lender", that could be anything.
We need to see the facility agreement, Ozy [emoji16]
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CWG, what’s the dif between a floating and a fixed charge?
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There’s one thing sure under a floating charge ,unless the assets are nailed down they’ll have disappeared like snow off a dyke just when the lender is getting nervous.
I wonder if it's fair to say that the leading figures at top of the marble staircase at Ibrox have removed themselves from the line of fire of their fans if it does go breasts skywards? Close will be the ones getting the blame from Scotland's compliant media.....
My thoughts, too - basically crooks substituted with different crooks so that no-one will know which crook to blame when the ****-hits-the-fan !. Though no doubt our glorious 'media' will be able to point the finger accurately ................................. :faf:
If the league is won before the end of the season... Admin 2?