Live press conference from King
http://news.stv.tv/west-central/1322...-clubs-future/
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Live press conference from King
http://news.stv.tv/west-central/1322...-clubs-future/
So, The Rangers budget is based on ST Sales and a loan from Sports Direct.
Where's the big investment?
"However, he said the club's budget would be dependent on season ticket uptake and the Sports Direct loan."
Herald
That looks more like an interview under caution.Quote:
Originally Posted by Leithenhibby
Quote:
Originally Posted by Geo_1875
King: "My Solicitor, Mr Murray, will be answering questions on my behalf"
Murray: "No comment"
So no money from the "multi millionaire" then. Nae wonder they dislike Ashley, he actually puts his money where his mouth is. Long may king reign over this basket case of a club!Quote:
Originally Posted by keekaboo
Nothing for us to fear from that press conference. Can't see them shifting many season tickets on that performance.
Eh? So they arent paying Ashley back and want him out but the budget is based on him loaning them money?
That was exactly what I was thinking when I read the brief STV report on today's press conference. Hopefully that is King's plan :aok:Quote:
Originally Posted by Haymaker
I am confused! :greengrinQuote:
Originally Posted by Bring_Back_Franck
Quote:
Originally Posted by Haymaker
Don't worry, so are The Rangers
:greengrinQuote:
Originally Posted by keekaboo
"We need players to be competitive in the Premiership, so there will be substantial investment in next months. It may be necessary to over-invest."
Looks like they're going to spend big this summer.
:greengrinQuote:
Originally Posted by keekaboo
Is this the current loan? So if they ask for it back the budget is STs minus £5m!Quote:
Originally Posted by keekaboo
Share issue per chance? Also why are they worrying about the Premiership when they are in the Championship?Quote:
Originally Posted by Steve20
Quote:
Originally Posted by Colr
They didn't make that clear Col but I presumed it was.
This should clear up any doubt :wink:
http://news.stv.tv/west-central/1322...man-dave-king/
Quote:
Originally Posted by Leithenhibby
Should have been headlined, 'King avoids giving concrete answers to any questions'
I wish I'd copied that link, almost completely different story now.Quote:
Originally Posted by keekaboo
So they are going to over borrow then?Quote:
Originally Posted by Leithenhibby
Probably tap up Ashley again!
Some may call it "window dressing" :wink:Quote:
Originally Posted by keekaboo
Quote:
Originally Posted by Bostonhibby
What I got from that was that King was willing to spend more than should be necessary to get his team promoted this season but that the only concrete guarantee of any income was through Season Ticket Sales. He's once gain put the onus on the Fans to give them the required budget.
The only other money mentioned was.
1) An attempt to avoid paying back Ashley's Loan and using it on the team instead
2) A vague promise of investment from King, dependent on the Fans stumping up for Season Tickets.
There were no guarantees of investment from King or the 3 Bears, no mention of further Loans and no mention of a Shares Issue
So a team massively in debt are going to overspend their budgets?
What a ****ing shambles of a club.
The Rangers are debt free, DK said so on the live press link. :rolleyes:Quote:
Originally Posted by Haymaker
Oops, sorry!Quote:
Originally Posted by Leithenhibby
For a normal club maybe but when you have just won control of the club in a fiercely competitive manner based on promises to invest £30m then some may be a bit miffed.Quote:
Originally Posted by SloopJB
Quote:
Originally Posted by Leithenhibby
They must have paid Ashley back his loan then :rolleyes:
I might be wrong, but I think the only debt they'll have is with Ashley, and the various other shareholders that have thrown money at them to keep the lights on.Quote:
Originally Posted by Leithenhibby
I don't think any banks, or anyone with any financial sense, would lend them anything.
No need to be sorry! He stressed that there is no debt whatsoever, his words..Quote:
Originally Posted by Haymaker
They are going to throw money at winning the championship - Think that they have been doing that all their lives :wink:
Best to just concentrate on making our team stronger and competitive rather than worrying about what these muppets are doing. Just sit back and watch their car crash of a club.