Printable View
He he that's 5 mill less in their non existent war chest.
However I really do believe after Hibs hump them Monday and Falkirk go level on points with them they'll be funds available. Not sure where the funds will come from but that's never been a problem before.
GGTTH
It was in 2012. [emoji3]Quote:
Originally Posted by southern hibby
Sent from my iPhone using Tapatalk
The Rangers' statement is that the loan from Sports Direct has been repaid, but I thought that the £5m was loaned by MASH Holdings. Could there be any significance in this or are the two the same?
Quote:
Originally Posted by ballengeich
The loans are all due to Sports Direct according to Company House
Thanks. My mistake (and suspicious mind).Quote:
Originally Posted by greenginger
I think the first loan of £2-3m was from MASH holdings but then SD loaned £5m on condition the MASH loan was paid back.
Sent from my iPhone using Tapatalk
Yes it was He He.Quote:
Originally Posted by Ozyhibby
GGTTH
They must hav received our cheque for Monday! Seriously its perfectly possible they're using the ticket money £250k? to bridge the gap. I vaguely rember something similar before! Just hope the players aren't expecting to be paid as well!!
Maybe the £5M is the first installment of The Lying King's fabled £40M/£30M investment.
Was that a Pig I just saw flying past my window?
Wasn't the rallying cry "return to your lodges and prepare for the Champions League"?Quote:
Originally Posted by Hibayernian
They will have sent it 2nd class and it will get 'lost in the post'.Quote:
Originally Posted by Jack Hackett
More likely to have been a snowman!Quote:
Originally Posted by Hibayernian
This guy seems to be just rambling these days ...
I posit that he'd benefit from having an editor.
https://johnjamessite.wordpress.com/...earth-society/
I was watching Star Wars Episode 6 last night to get me in the mood for going to see the new Star Wars film. Got me thinking about Worthington Group buying Craig Whytes interests in Law Financial including the book, film and television rights to the two takeovers of RIPFC in 2011 and 2012. I was thinking that Jabba the Hutt might make a good MA. It will be an interesting film, maybe the first film in history where every character is a baddie.
Nah, if ever there's a film made about them (what about '****' - Think Ray Winstone was in it ?) then Jabba the Hut MUST play Jim Traynor - No-one else is capable of bringing all the evil, all the lies, double-dealings, bullying etc that Traynor possesses !!Quote:
Originally Posted by Brunswickbill
It could be a case of jabba playing both roles, he is afte all a consummate professional and an acting genius. There could be an Oscar in it for him playing 2 fat tubs of incoherent lard in one film has never been done before.Quote:
Originally Posted by Deansy
I bow to your greater insight. May the farce be with you.Quote:
Originally Posted by Deansy
Some words of warning for those travelling to Ibrox on Monday.
https://www.youtube.com/watch?v=0znNiN0lYAQ
Back page of the sun today is a story saying warburton is still getting the funds he was promised.
I only read the back page on Twitter so bit read the full story but the quotes from the MD look far from convincing, if anything I read it more of a plea to Dave King rather than a promise. If he now doesn't get the money there must be a chance it'll cause a fall out internally in the big hoose. The MD will have looked for pretty stupid and it's bound to piss warburton off.
I'm maybe reading too much into it though, sorry, not sure how to post the picture of it.
.....but who will they have to sell to raise funds?Quote:
Originally Posted by bingo70
Dave King and the 3 bears have promised them funds and the boy who's quoted has no reason not to believe them!......I can think of a couple of reasons!Quote:
Originally Posted by Spike Mandela
I'd have thought by now the MD would know exactly what the budget is going to be for a transfer window that opens in less than a week.
Quote:
Originally Posted by bingo70
Agreed, I'd be amazed if he didn't know what's available...... Maybe it is indeed just a case of him pushing King and the others a bit to pony up some wonga.
..... Here the link to the article http://www.thescottishsun.co.uk/scot...n-January.html
I find his pretension quite wearing, tbh.Quote:
Originally Posted by grunt
Quote:
Originally Posted by grunt
Guy has to be a nutter. Just because he waxes lyrical about things we like to hear or would like to believe, his manic preoccupation with Sevco is disturbing and past it's sell by date.Quote:
Originally Posted by jacomoseven
Thats an ironic post for page 1113 of a thread! :-)Quote:
Originally Posted by Jim44
agree. i used to quite like a read of his page, totally given up on it now.Quote:
Originally Posted by jacomoseven
He makes some great points re Ogilvie, Regan and Doncaster.....The whole thing stinks.....Regan had a cheek commenting on FIFA corruption.....Brass neck.
😁😂😃😄😅😆Quote:
Originally Posted by Just Alf
Quote:
Originally Posted by Lucius Apuleius
OK! OK! ...... "Like" was too strong a word!
Lol
:taxi:
😂Quote:
Originally Posted by HUTCHYHIBBY
Quote:
Originally Posted by HUTCHYHIBBY
Are they buried yet?
Last I heard the body was in the mortuary and the family were fighting over the inheritance.
Which body? Sevco? The rangers? The now defunct Glasgow rangers? The rangers international? Club 12(?)Quote:
Originally Posted by Hibayernian
I can't keep up. But I guess this is what all big teams do.
Who are sevcos bankers?
The National Bank of Burkina Faso?Quote:
Originally Posted by Jack
Metro BankQuote:
Originally Posted by Jack
Sent from my iPhone using Tapatalk
A guy musing on the Bounce that there may be issues with them presenting a £5m cheque to anyone given their toxicity.Quote:
Originally Posted by Ozyhibby
Could there be problems?
Don't see why TBH. If the cheque is signed and dated properly :)
On the other hand, if their Internet banking has the same daily limit as mine, it could take a while. .......
Sent from my GT-I9505 using Tapatalk
Who uses cheques these days??
Glib and shameless liars. And his minions.Quote:
Originally Posted by grunt
Anyone who wants to delay payment by using a second class stamp during a holiday period. It's probably post-dated to January 2017 anyway.Quote:
Originally Posted by grunt
Ah. Underground banking. It all makes sense now.Quote:
Originally Posted by Ozyhibby
Here's a succinct and unbiased summary of the EBT story from someone who knows what he's talking about.
https://www.icas.com/technical-resou...e-rangers-case
I have just read an updated (paper) version of the article, which acknowledges that leave to appeal has been sought.
Sent from my GT-I9505 using Tapatalk
I've not seen this posted anywhere (and probably the wrong thread) but The Rangers are about to break into their supposed transfer war chest and sign this lad (on a free transfer).
http://www.skysports.com/football/ne...rester-signing
Total spent on transfers in the January window = £0
Definately their kind of player. played 48, scored 9 goals got 7 yellow cards and 2 red cards last season.Quote:
Originally Posted by Sergey
Back in court on Tuesday. Judgement on Dave Kings contempt hearing.
Sent from my iPhone using Tapatalk
Warburton on Forrester...
“Whilst sorry to see Harry depart Griffin Park, it simply underlines the fact that whilst we as a club will move to attract and secure talented individuals, we only want players who are absolutely committed to Brentford FC.
“We will make very positive and aggressive offers to retain the services of key staff, but not seek to break the pay structures that we think are appropriate.”
With respect. :greengrin
I saw Forrester play for Brentford & unfortunately he was more than decent. He's a similar type to Scott Allan, ie a playmaker but IMO less talented than SA. He also shares some of SA's foibles, ie disappears from games, tries killer balls too often etc. He does seem to have gone off the radar in last season or 2 & hopefully half loaf won't be able to change that.Quote:
Originally Posted by Sergey
http://www.thenational.scot/sport/th...ime=1451545285
Sent from my iPhone using Tapatalk
Rangers supporting agent acts as apologist for dead Rangers....shock, horror.Quote:
Originally Posted by Ozyhibby
Let's all move on........Aye, right.:cb
Rangers Official Statement 1/1/16
Quote:
Rangers International Football Club PLC (RIFC) is pleased to announce new loan facilities totalling £6.5m have been made available to the company over the past month.
The facilities have been provided by existing lenders New Oasis Asset Limited (Dave King), Douglas Park, George Letham and George Taylor and by three new lenders, RIFC Director John Bennett and two additional Hong Kong based supporters, Barry Scott and Andy Ross.
RIFC’s board is delighted to welcome the new lenders who, as long-standing supporters of the Club, fit exactly into the profile of investors that RIFC has encouraged during this ongoing rebuilding phase. The new funding has all been provided on the same basis as other recent loans to RIFC.
The loans to RIFC were primarily utilised to fund repayment of the Sports Direct facility with the balance going towards the Group’s working capital requirements
So the £5 m loan from Sports Direct is now just a loan from someone else and hence still a debt.Quote:
Originally Posted by grunt
Yes, but they owe it to themselves... What could go wrong?Quote:
Originally Posted by Spike Mandela
:greengrin:aok:Quote:
Originally Posted by grunt
To be fair, owing to themselves is what saved them.Quote:
Originally Posted by grunt
Sent from my iPhone using Tapatalk
:agree: All big teams do it.Quote:
Originally Posted by Ozyhibby
The Rangers do seem to require frequent and large capital injections as well - they are looking like a real leaky bucket, similar to the now defunct Glasgow rangers.
They've got themselves a £ 6.5 million loan and will use £ 5 million to pay back Ashley ( that is assuming there have not been other penalties for default ) Now that leaves £ 1.5 million .
Did they not say they needed £ 2.5 million in December .
I wonder who did not get their money ?
Provvy?Quote:
Originally Posted by greenginger
"The same basis as other recent loans".
Does that mean interest - free, exorbitant interest, secured up to the armpits....?
Sent from my GT-I9505 using Tapatalk
They're up to their knees in debts and loans, with interest rates sky high.Quote:
Originally Posted by CropleyWasGod
Better than being up to their knees in other stuff?Quote:
Originally Posted by Bostonhibby
They are the Wonga boys....Quote:
Originally Posted by Bostonhibby
Sent from my GT-I9505 using Tapatalk
:greengrin that's the missing line I couldn't dredge up:thumbsup:Quote:
Originally Posted by CropleyWasGod
....:top marksQuote:
Originally Posted by Bostonhibby
I think that rather than needing £2.5 million in December they said they needed £2.5m by the end of the season with the first tranche required in December. Your underlying point is correct though, as they'll need more from somewhere before the sale of 16-17 season tickets starts.Quote:
Originally Posted by greenginger
I suspect that the £2.5 million figure involved a few optimistic assumptions and it may well be more by April. If you add together the money the board members spent on shares, the existing loan, this new amount and what's required in the next few months these guys have collectively spent around £15 million. They don't know when, or even if, they'll ever get it back. They're obviously wealthy by normal standards, but not on Ashley's scale. If you invested £15 million in profitable businesses which pay dividends you'd make about £1 million a year and I reckon that amount is a significant sacrifice for them.
If they get promoted they can probably run on a break-even basis while paying the second-highest wages in Scotland due to the increased income in the premier division, but there's no sign of the kind of warchest some of the supporters are still expecting.
Is it this Barry Scott who has lent Rangers the money?
http://www.telegraph.co.uk/finance/2...m-brokers.html
Sent from my iPhone using Tapatalk
Oh God I hope so... lolQuote:
Originally Posted by Ozyhibby
He certainly seems to have the credentials of all the recent "white knight" types but he hasn't really stolen enough money or got serious enough offences on his record to make the grade here.Quote:
Originally Posted by Ozyhibby
There was a Barry Scott guy who used to appear in the cillit bang adverts but he's dead so its unlikely to be him.
You would expect that some fine investigative journalist from our wonderful Scottish Media will at this very minute be hunting to find out more about these new investors.Quote:
Originally Posted by Ozyhibby
Fixed that :-)Quote:
Originally Posted by grunt
http://www.philmacgiollabhain.ie/sle...-the-fascists/
Phil reckons the £ 5 million payback comes with strings attached and won't be accepted.
How is it that Dave King claimed to have raised the £5m in an hour before the AGM, yet now it transpires that the company has taken out another loan to repay the SD loan?
Bang and the dirt is gone,... pretty apt for a couple of clubs I can think of.Quote:
Originally Posted by Bostonhibby
Because he talks through his ********?Quote:
Originally Posted by jacomoseven
It's just possible he could be glibly and shamelessly lying?:dunno:Quote:
Originally Posted by jacomoseven
You're ahead of JJ on this one :)Quote:
Originally Posted by Ozyhibby
However, he has also just tweeted that an Andy Ross in HK also has acquaintance with the judicial system there :)
Sent from my GT-I9505 using Tapatalk
And then there's this....
http://www.evostikleague.co.uk/share...ted-reds-19816
These guys are supporters of Workington Town. Clearly Rangers are their wee team.
Sent from my GT-I9505 using Tapatalk
He was miles ahead - JJ didn't have it until I gave him it which I copied from Ozhibby's post. I always enjoy putting the cat among the pigeons...... :greengrinQuote:
Originally Posted by CropleyWasGod
Managed by former Hibbie, Derek Townsley!Quote:
Originally Posted by CropleyWasGod
Hmmm! Fits with info I received from another HK based supporter of that fine institution at a prominent race meeting a month or so ago. I should say this person is totally sound, straight as a dye & I believe he & other friends have been continually knocked back in their attempts to invest in Sevco. Perhaps their insistence on due diligence pre investment was a roadblock! :wink: The indirect comment was they couldn't understand why upstanding, wealthy supporters were continually rejected while hooks & crooks appeared to be pursued for investment. I should say neither of these 2 guys were mentioned by name.Quote:
Originally Posted by CropleyWasGod
Andrew Ross and the USA Securities Exchange Commission.
https://www.sec.gov/litigation/admin/2014/34-73862.pdf
It's almost farcical that we can dig this stuff up so quickly, while the professional journalists prevaricate about whether to publish it.
Sent from my GT-I9505 using Tapatalk
They don't prevaricate, they just don't print it as they are scared to upset the new club.Quote:
Originally Posted by CropleyWasGod
Ross got fined $ 20,000 and banned from working as an accountant on any USA connected business for 3 years . After that he could apply to be re-instated.
http://www.bakertillyinternational.c...-hong-kong.pdf
It did'nt cost him his job. He's still there page 18. Baker Tilly contact in Hong Kong - Andrew Ross.
:agree: And they don't want to face the vicious reaction from their fans either, minority obviously.Quote:
Originally Posted by PatHead
The Barry Scott in the ads was an actor, and it appears he's only dead for the purpose of satire:Quote:
Originally Posted by Bostonhibby
http://www.oxygen.ie/cillit-bangs-ba...tt-found-dead/
http://www.oxygen.ie/an-open-letter-to-barry-scott/
Barry Scott's involvement would certainly make any "whispers in the board room" easier to hear!
If this is Andy Ross he's just the right guy to support the GASL - fined for failure to detect fraud. You couldnie make it up
http://www.scmp.com/business/article...e-detect-fraud
:greengrinQuote:
Originally Posted by portycabbage
Is there anyone involved in bank rolling them who either hasn't already been convicted of offences or doesn't have some charges hanging over them? The GFA fit and proper person police must be working flat out checking all this out to ensure Scottish Football isn't risking further damage to its reputation.Quote:
Originally Posted by Brunswickbill
James Easdale - now lionised by JJQuote:
Originally Posted by Bostonhibby
:aok: Suppose it makes sense to have someone on board who has managed to stay clear of the law.Quote:
Originally Posted by Brunswickbill
Maybe that's why he resigned from the Board. Didn't like associating with these type of chaps.Quote:
Originally Posted by Bostonhibby
They probably told him to go away and come back when he has got a few fraud or tax evasion convictions under his belt.Quote:
Originally Posted by Brunswickbill
He did have VAT evasion charges against him, although they were dropped.Quote:
Originally Posted by Brunswickbill
Sent from my GT-I9505 using Tapatalk
At least he's trying though.Quote:
Originally Posted by CropleyWasGod
His bro done the porridge.Quote:
Originally Posted by CropleyWasGod
Looking at these pair of chancers, they don't strike me as the type to just provide soft loans with no chance of a return. They will surely be expecting a return on their cash.
Sent from my iPhone using Tapatalk
Maybe they are going to merge the rangers with Workington and get them into their beloved England that way?Quote:
Originally Posted by Ozyhibby
That's been posited on Twitter.Quote:
Originally Posted by Bostonhibby
The scamps
Sent from my GT-I9505 using Tapatalk
The press release did say that the loans were on the same basis as "recent "loans. That may mean that security has been given.Quote:
Originally Posted by Ozyhibby
Sent from my GT-I9505 using Tapatalk
Interesting, am guessing that as Workington have been around the longest and seem to have won the most honours the merger will be one where the new boys are absorbed into their more successful partners identity? they play in red and an orange coloured away strip so maybe the Workington rangers is a decent compromise for both sides?Quote:
Originally Posted by CropleyWasGod
It should be pretty easy to get to Workington by ferry from Northern Ireland so it's maybe not as daft an idea as it sounds.