Yep that was where I was going with it !!!!!!Quote:
Originally Posted by Ronniekirk
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Yep that was where I was going with it !!!!!!Quote:
Originally Posted by Ronniekirk
http://www.rangers.talent-sport.co.u...roductsubtype=
Get your Sevco Season Ticket here. Anyone want to count the dots ?
Nobody gave him any of their money to invest.Quote:
Originally Posted by Cropley10
A bit harsh surely? :greengrinThe orcs welcomed the latest multi millionaire messiah and you could say he has already over invested, assuming he is personally funding their three recent signings to the tune of several million each.Quote:
Originally Posted by Jack
I hope it never dawns on them that king has no track record of parting with his own money on "ventures" like the new boys. Still at least he seems to be a the rangers man.
[QUOTE=brog;4409683]Probably because the guy's saying the previous decision was wrong - and if the decision is over-turned, you STILL won't read it in the 'Daily R*tard' !Quote:
Originally Posted by Gettin' Auld
[QUOTE=Deansy;4410119]The relevant points have been reported in the media.Quote:
Originally Posted by brog
TBF it seems he did part with £20m to them previously and had his fingers severely burned to the tune of around £18m! Considerably more than he's currently worth apparently.Quote:
Originally Posted by Bostonhibby
Part of me is thinking his plan was to recoup this loss by milking sevco for all they're worth.
Not getting promotion scuppered that plan and he's now desperately seeking plan B without [comparatively speaking] a bolt to his name.
Yep. He will likely be after recovering his losses rather than "over investing" this is a guy with a proven record of keeping his money close.Quote:
Originally Posted by Jack
Quote:
Originally Posted by Jack
Weren't there questions raised previously as to whether King really had invested, or lost, £20M?
I think he's on the list of creditors published by BDO. That says to me that they have accepted his claim.Quote:
Originally Posted by keekaboo
Quote:
Originally Posted by CropleyWasGod
Possibly, but it doesn't actually answer my question.
Accountants? Pah!
:wink:
If they've accepted his claim, it means that he has been able to show that he did invest the £20m.Quote:
Originally Posted by keekaboo
How do you define "invest"?Quote:
Originally Posted by CropleyWasGod
Would that purely relate to "shares" or "loans", rather than straight cash "gift" to improve playing squad?
:agree: Probably tried to write the loss off to tax - in South Africa naturally......................Quote:
Originally Posted by CropleyWasGod
If BDO are including him as a creditor... which seems to be the general opinion in the mainstream and social media.... it means that he gave them a loan. If he took shares in the company, he wouldn't be getting that money back. If he gave them a gift, he wouldn't get it back either.Quote:
Originally Posted by StevieC
It's a very strange one. I don't think a list of creditors has been issued since Duff & Phelps did so in 2012. Neither King nor his company Ben Nevis appeared on that list. However, as you say & based on reports in the MSM it appears King's claim that he loaned David Murray £20m some 14 years ago has been accepted & he's now the 3rd largest creditor behind HMRC & Ticketus.Quote:
Originally Posted by CropleyWasGod
Just how he was added to the list is the real mystery & way beyond my knowledge of insolvency but the arrest of 3 Duff & Phelps employees & the multi million payment by Whyte's lawyers may not be coincidental!
It had always been my assumption (based on nothing more than .... well, nothing actually :greengrin) that the famous £20m was for shares. That is, until the social media guys started on about the £1.4m that he's supposedly getting back.Quote:
Originally Posted by brog
Perhaps I have fallen into the old trap of believing that those who say they're ITK are actually ITK. To be fair, nobody with any authority has actually said he's getting any money back..... and the supposed dividend has become one of those internet myths.
Any updates regarding the appeal?
GGTTH
Day 2 summary hereQuote:
Originally Posted by Hibs07p
http://www.sfm.scot/hmrc-vs-mgh/?cid=59607
Thanks for the link, but as clear as mud. My own biased opinion is that they ****ed over HMRC, FWIW.Quote:
Originally Posted by bringbackbenny
GGTTH
http://m.heraldscotland.com/news/134...ne/?ref=twtrec
One of the reasons they are skint is that they now have no retail income. [emoji3]
that was a very pleasing read that link, thanks for posting it - shows how much of a shambles they areQuote:
Originally Posted by Ozyhibby
Interesting Article ,and indicates King hasn't managed to renegotiate very much and nothing to bring inQuote:
Originally Posted by Ozyhibby
more money from the Retail side of things Club Crest ,Emblems Aye Ready, all nicely stitched up by Ashley :wink:
Quote:
Originally Posted by Ronniekirk
is it true that the club motto, 'Aye Ready', it to be replaced with a new one, 'Aye, Right!' ?
:greengrin "Nae readies"?Quote:
Originally Posted by keekaboo
Quote:
Originally Posted by Bostonhibby
:greengrin
Express shocker..... headline doesn't reflect the facts. [emoji48]Quote:
Originally Posted by AlbertK86
We may not be Real Madrid Mr Warburton however, we HAVE beaten Real Madrid.Quote:
Originally Posted by CropleyWasGod
http://www.edinburghnews.scotsman.co...s-on-1-3564916
Oldco on the other hand have a record defeat.
http://www.worldfootball.net/teams/r...eal-madrid/11/
Mind games mind games!
I fully expect the west coast media to up the ante big time as the week goes on regarding Scott Allan and potential moves away from HIBS!
Anything to try and disrupt our preparations leading up to Der Hun game!