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Quote:
Originally Posted by Crazyhorse
He's not, according to the Record.
"The Isle of Man investment group firm were the largest shareholder in the club but has now sold its 16 per cent stake to a consortium made up of Douglas Park, George Letham and George Taylor in a deal worth almost £2.7million."
Lewis MacLeod has today signed for English championship side Brentford for £850,000 on a three and a half year deal, subject to international clearance.
An informed source has told Scotzine that Rangers will not receive a single penny of MacLeod’s transfer fee due to an agreement with Newcastle United owner Mike Ashley. The source told us that: “Condition one of Ashley’s first £1 million loaned was secured against the sale of McLeod in January.”
http://www.scotzine.com/2014/12/bren...leod-for-850k/
S******.Quote:
Originally Posted by Radium
And he still has security over the rest of his loan.
And it's in staged payments, with only half now and the rest over 18 months.
And it probably includes VAT.
:cb
Explains why they sold him rather than the big earners. Maybe Kris Boyd is security against the second loan?Quote:
Originally Posted by Radium
Because nobody else is worth a bolt?Quote:
Originally Posted by ACLeith
They have form for that.Quote:
Originally Posted by ACLeith
Older readers of this thread may remember the famous "pie loan". Having a loan secured against Boyd ties in with that philosophy.
:top marks Or maybe 1K XXXL shirts from Sports Direct? :agree:Quote:
Originally Posted by CropleyWasGod
Major reduction in wage bill more important than cash in hand?Quote:
Originally Posted by BSEJVT
Short term loans repaid from asset sales. Brilliant. Working capital remains unchanged whilst player pool diminishes.Quote:
Originally Posted by Radium
Welcome to the real world.
Who are these fuds they're calling the three Bears? I hope they're another bunch of idiots/crooks and the fairytale again turns Brothers Grimm. They can all do porridge with Whyte & co (sevco).
Transfers are subject to V.A.T. but it is "usual" to quote an ex V.A.T. price but then it is a desperate SevcoQuote:
Originally Posted by CropleyWasGod
Pretty much the case.Quote:
Originally Posted by BSEJVT
Can you elaborate to us younger chaps in terms of Debits and CreditsQuote:
Originally Posted by CropleyWasGod
Sadly, they're not.Quote:
Originally Posted by Hibernia&Alba
Douglas Park is certainly not an idiot. He has a stadium named after him, after all.
Don't know about the others, though.
FFS. So is the beginning of Rangers turning the corner? Is there a danger the three Huns could gain ownership and actually sort out the mess? Surely not.Quote:
Originally Posted by CropleyWasGod
Is he the same Douglas Park that was a Yam director back in Wallet's day ? or maybe son of ?
Think it's the same one, going by the photos.Quote:
Originally Posted by greenginger
Otherwise it would be New Douglas Park, no? :greengrin
At the moment, they have 20% of the shares between them.Quote:
Originally Posted by Hibernia&Alba
That gives them the option to buy 20% of the new issue. They are also willing to underwrite all of the new issue.
Whether they can get overall control will depend on the attitudes of the other major players to them, their own holdings, and their intentions for the new issue. That's where it gets messy, and the politics take hold. My eyes glaze over at that point.
Time, though, is not on their side.
Any positive news for them is bad news for civilization. Their counter offensive must be stopped.
Not that I'm biased or anything.
So zombies sell one of there best players but don't get a bolt of the money & stand off between these 3 & MA whilst almost zero chance of player recruitment in Jan.
I'm liking this kind of deal a lot !!!
Quote:
Originally Posted by Hibernia&Alba
seeing as the average hun loves everything english it's probably taken from 'the three lions'
Boyd has no credit.Quote:
Originally Posted by Weststandwanab
Is he not a massive Celtic fan and shareholder at parkhead?Quote:
Originally Posted by greenginger
I'd doubt it, otherwise the SFA might be interested :greengrinQuote:
Originally Posted by ian cruise
On PA wires: Laxey partners chairman Colin Kingsnorth confirms he has sold his 16% stake to the Three Bears: "I sold because a fans-based group were hopefully going to be the best placed to take on Ashley's power. After Ashley removed Norman Crighton, Ashley's most vocal critic, it was obvious David Somers was just a wet fish agreeing anything Ashley wanted. I am sure the Three Bears are an upgrade on us for fans and hopefully this is the start of the ownership being in the right hands."
Indeed but what is the Hampden Roar with a pie loan ?Quote:
Originally Posted by CropleyWasGod
Oh surly not another Ashley scenario !Quote:
Originally Posted by ian cruise
It goes back to the early days of the Rangers administration, when there were so many stories flying around about who had security over what, and for how much. With a simple trawl of Companies House records, it was established that the only people with any security were the company who leased the catering equipment to RFC.Quote:
Originally Posted by Weststandwanab
I presume Park is the same Park that has the bus company Park's of Hamilton and has/had a whole string of car dealerships.
If my memory serves me correctly was he not involved in the running of Hamilton Accies at one point
Thank you.Quote:
Originally Posted by CropleyWasGod
Yes to the first part of your post.Quote:
Originally Posted by AlbertK86
Don't know about the second part.
donkey-caster rewriting history? It's the same club.......
http://www.dailyrecord.co.uk/sport/f...before-4904432
http://www.londonstockexchange.com/e.../12201348.html
Contrary to earlier reports.