Jeezo, Andy, you had me going there for a bit. You had Craigie painted as some sort of philanthropist who would just chuck £18m at his fitba team for no return.
TFIF :na na:
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Brilliant :agree:
I like this bit:-
The firm, which has long experience in deals with football clubs in severe financial difficulty, believes that the arrangement would stand regardless of whether Rangers’ assets are sold to a new company and the old one liquidated.
Whether or not that bit is true, it's put a smile on my face.
Whatever way it goes, the fact that legal arguments are in train only serves to delay matters even longer. Which will put off the Knights. Which will hasten boom-time.
That's where I am with it all. I think D&P are relying on the argument that CW wasn't competent to sign off future ticket sales, but the deals were ultimately done by the holding company that owned RFC by the time it was finalised so that argument doesn't appear valid. Ticketus' problem arises if and when RFC finally slide over the P-trap.
OK - thanks for that. So if there just happened to be some people in Glasgow who had some cash and wanted to set up a brand new football club (that was called, say, RFC2 and played in blue and white) then they might be interested in buying the assets of a struggling SPL team. So the HMRC (and others) get their money (not including the BTC?) and everyone is happy.
This new RFC2 club then has a stadium and players and no debt (andhopefully money to pay future wages and tax) - just needing somewhere to play. Now if only there was a vacany in a top flight league ....
I suspect what happened was that the money was put in an escrow account (as described much earlier on this thread, but I forget by who) and only passed to CW (or more accurately the holding company) after he had handed over his shiny pound coin to Sir Dave (who of course was totally oblivious to what was happening).
I'm sure that they placed the money with his solicitor but CW never actually received the money until he was the owner of RFC. If CW had not managed to become owner then the money would have been taken back from the solicitors account.
On the Ticketus deal though ..
Apart from it looking like they get season tickets for about £250 a pop :eek:
What if RFC/NewCo end up in division 3? Will they still be able to charge £400-£500 a season ticket? Can't see many Huns buying into that?
We've had yesterday's statement from the SFA, but we still have the SPL's statement to come (not sure when?). This will be dealing with the dual contracts which are alleged to have taken place. If they are found guilty, then sanctions will follow. If the SPL don't impose sanctions which are acceptable to the other SPL member clubs, can the other clubs walk away from the SPL? Clearly next weeks meeting of the "gang of ten" isn't for the benefit of either half of the OF.
Is it looking like the other the clubs will be imposing changes, ie revenue distribution and the voting structure in return for letting the OF remain in the SPL, or maybe even dissolving the SPL and setting up a new league structure? :agree:
Welllll... investments can go down as well as up. Ticketus have, in effect, invested in RFC's future. If the market won't stand ST's at £400, then their investors won't get as much return as they thought they would.
The Ticketus website does claim to get that level of return, by the way. Who said you can't get a good return for your money these days?