Rangers FC On Field Gossip & Rumour Thread 2017 Mod Note in OP(Updated 14/08)

Jelle1880 · 03-03-2014 12:52AM

See my edit, if you're still claiming that there is no contradiction between what Thomson said and the judge's words, so be it. I can't help you with the fact you don't want to understand what is said.

LiamoSail · 03-03-2014 12:55AM

bobbysands81 wrote: »

Unless administration is all part of the plan in the first place.

It'll be very strange if they do go into admin only a few days after getting 1.5m sterling. Very strange. Will either of the lenders gain out of being creditors when Clumpany goes into administration?

If they put themselves into admin, they can appoint the administrator, however if the debt is secured, the lender can bring them to court to force them into admin, and from that potentially appoint the administrator.

I'd be of the opinion that if/when they go into admin, it will be at the boards discretion and they will appoint their administrator.

bobbysands81 · 03-03-2014 01:09AM

Jelle1880 wrote: »

See my edit, if you're still claiming that there is no contradiction between what Thomson said and the judge's words, so be it. I can't help you with the fact you don't want to understand what is said.

There is no contradiction unless you believe that the judge had unfettered access to The Rangers accounts.

The judge didn't say that there was "no chance of an insolvency event", he said that Ahmed wasn't able to provide "sufficient evidence".

A huge difference and I can't help you with the fact you don't want to understand what is said.

Jelle1880 · 06-03-2014 01:21PM

Unsurprisingly wednesday has come and gone without Rangers going into administration.

Meanwhile, the Laxey loan may be done away with and George Letham's offer is being looked at.

http://www.dailymail.co.uk/sport/article-2573391/Rangers-walk-away-Laxey-loan-deal-George-Lethams-counter-offer.html

Dempsey · 06-03-2014 02:26PM

Jelle1880 wrote: »

Unsurprisingly wednesday has come and gone without Rangers going into administration.

Meanwhile, the Laxey loan may be done away with and George Letham's offer is being looked at.

http://www.dailymail.co.uk/sport/article-2573391/Rangers-walk-away-Laxey-loan-deal-George-Lethams-counter-offer.html

I suppose its time to call off the protests. A clear win for rifc & rangers fans against the media!

whether wallace has talked to potential administrators or not isnt answered yet.

bobmalooka · 06-03-2014 02:45PM

Jelle1880 wrote: »

Unsurprisingly wednesday has come and gone without Rangers going into administration.

Meanwhile, the Laxey loan may be done away with and George Letham's offer is being looked at.

http://www.dailymail.co.uk/sport/article-2573391/Rangers-walk-away-Laxey-loan-deal-George-Lethams-counter-offer.html

Did you read the article?

They are outrageous terms for a loan, resorting to such desperate deals so soon after getting huge money from the fans spells disaster.

Jelle1880 · 06-03-2014 02:55PM

bobmalooka wrote: »

Did you read the article?

They are outrageous terms for a loan, resorting to such desperate deals so soon after getting huge money from the fans spells disaster.

Did you read the article ?

Those terms were the ones that the Laxey and Easdale loans have.

Letham's offer is a bit more favourable (but still far from ideal and any loan is just papering over the cracks).

Dempsey · 06-03-2014 04:21PM

People within the club looking to personally profit from the situation. Silly that they turned down Dave Kings offer of investment given their plight.

Are the banks off limits to rifc?

bobmalooka · 06-03-2014 10:00PM

Jelle1880 wrote: »

Did you read the article ?

Those terms were the ones that the Laxey and Easdale loans have.

Letham's offer is a bit more favourable (but still far from ideal and any loan is just papering over the cracks).

Yes I did read it jelle.

The more 'favourable' loan is at 15% APR.At a time when base rates are at an all time low. To put it into perspective the Irish government are able to borrow at about 3.5%.

Don't buy into the spin, 'oh it's great this loan is costing half what was already on offer'

when a business is relying on a favour to get credit card rates they are goosed, if any of ye lads bought shares ye should consider offloading*

*not advice just opinion, only take advice from an independent financial advisor

Dempsey · 06-03-2014 10:48PM

bobmalooka wrote: »

Yes I did read it jelle.

The more 'favourable' loan is at 15% APR.At a time when base rates are at an all time low. To put it into perspective the Irish government are able to borrow at about 3.5%.

Don't buy into the spin, 'oh it's great this loan is costing half what was already on offer'

when a business is relying on a favour to get credit card rates they are goosed, if any of ye lads bought shares ye should consider offloading*

*not advice just opinion, only take advice from an independent financial advisor

Even a student with no job or assets can get a loan for less than 10%

Jelle1880 · 07-03-2014 09:14PM

bobmalooka wrote: »

Yes I did read it jelle.

The more 'favourable' loan is at 15% APR.At a time when base rates are at an all time low. To put it into perspective the Irish government are able to borrow at about 3.5%.

Don't buy into the spin, 'oh it's great this loan is costing half what was already on offer'

when a business is relying on a favour to get credit card rates they are goosed, if any of ye lads bought shares ye should consider offloading*

*not advice just opinion, only take advice from an independent financial advisor

Nobody is saying that, but if I had to choose between a wealthy shareholder who by all accounts is a fan of the club or a hedge fund who I still suspect of working together with either Whyte, Green or both...

bobbysands81 · 08-03-2014 09:35AM

Jelle1880 wrote: »

Nobody is saying that, but if I had to choose between a wealthy shareholder who by all accounts is a fan of the club or a hedge fund who I still suspect of working together with either Whyte, Green or both...

Days after offering the "low cost loan" it still hasn't been taken up.

Strange.

Jelle1880 · 08-03-2014 01:55PM

Not strange at all, given that STV reports that season ticket money could be used to repay the loans.

So it seems pretty sure that the Laxey loan will go through and the fans will be expected to cough up again.

A controversial loan taken out by Rangers from two of its shareholders could be paid back using season ticket money, according to an agreement seen by STV.

The agreement entered between Sandy Easdale, Laxey Partners, Rangers International Football Club plc and The Rangers Football Club Limited appears to show that both facilities shall be repaid either from "the sale of season ticket monies for the 2014/15 season" or "a placing or rights issue or other form of debt or equity fundraising of the company or any member of the Rangers Group, whichever is first to occur."

After being contacted by STV, Rangers appeared to contradict the document.

A spokesman said: "The loans, if drawn, will be repaid from the operating cash flow of the business at the relevant time. Operating cash flow comprises many sources including commercial partnership income, retail dividends and match ticket income."

The Laxey loan is for £1m and is repayable with an interest payment of £150,000. The loan from Mr Easdale is for £500,000.

Both are secured against club properties Edmiston House and the Albion Car Park, with both lenders security being on an equal footing.

STV understands the joint loan facility has not yet been drawn upon by the club. If used, the amounts borrowed must be repaid by September 1, 2015, according to the document.

The Laxey loan has attracted controversy due to its interest rate. Another shareholder, George Letham, has offered the same amount with a repayment of £75,000, which he insists he would reinvest in the club.

A collective group of Rangers supporters' organisations, the Union of Fans, have also called upon their fellow fans not to pay their season ticket money for the 2014/15 season directly to the club.

Instead the group, together with former director Dave King, want monies to be paid into a trust and only given to the club if assurances are given over finances.

Rangers, through their old company, have previously taken out loans against season ticket money.

Ticketus bought the rights to around 100,000 Ibrox season tickets until 2015 when Craig Whyte was in charge at Ibrox.

Dempsey · 08-03-2014 02:07PM

They are clearly using the intellectual property they bought from RFC plc to bleed honest fans dry. Rich Rangers fans did nothing whilst Charles Green went about asset stripping RFC plc. Since then everyone else has been wading in because Rangers fans bought into his scam hook line & sinker. Rangers fans have been complicit in this scam just to cling onto this idea that their club isnt dead. The SFA & SPL are complicit in this scam by coming up with the 5 way agreement in the hope that the Rangers fanbase continue to pump their money into Scottish Football. Its time to wake up and smell the coffee to what is going on and vote with your feet & hard earned money.

bobbysands81 · 09-03-2014 01:12AM

Jelle1880 wrote: »

Not strange at all, given that STV reports that season ticket money could be used to repay the loans.

So it seems pretty sure that the Laxey loan will go through and the fans will be expected to cough up again.

I don't get it... you don't think it's strange that The Rangers are going with a loan that's double the interest of another one that they've been offered?

Jelle1880 · 09-03-2014 01:34AM

I mean that it's not strange that the board choose to go with a loan that will only enrich themselves.

I never said I agree with it, but it's not shocking that they will do anything they can to keep on to their cash cow.

Broxi_Bear_Eire · 09-03-2014 04:28PM

Scottish cup quarter final today versus Albion Rovers

RANGERS: Bell; Foster, Mohsni, McCulloch; Wallace; Aird, Black, Law, Templeton; Shiels, Daly
SUBS: Simonsen, Cribari, Faure, Smith, Crawford, Little, Peralta

Seems Albion Rover have about 1100 fans at the game and not one of them is a tic fan :rolleyes:;):p

dundalkfc10 · 09-03-2014 04:43PM

Broxi_Bear_Eire wrote: »

Scottish cup quarter final today versus Albion Rovers

RANGERS: Bell; Foster, Mohsni, McCulloch; Wallace; Aird, Black, Law, Templeton; Shiels, Daly
SUBS: Simonsen, Cribari, Faure, Smith, Crawford, Little, Peralta

Seems Albion Rover have about 1100 fans at the game and not one of them is a tic fan :rolleyes:;):p

Rumours going around that the Green Brigade are there

Broxi_Bear_Eire · 09-03-2014 04:46PM

dundalkfc10 wrote: »

Rumours going around that the Green Brigade are there

Its all about the Rangers

Albion Rovers go 1 up deservedly so

Broxi_Bear_Eire · 09-03-2014 05:22PM

Albion Rovers go in at half time with a one goal lead. No complaints here on that score Rangers have had no drive we look so one dimensional and our work rate off the ball is useless

Broxi_Bear_Eire · 09-03-2014 06:09PM

Mohsni playing up front for the subbed Jon Daly puts it in the back of the net 1-1

Broxi_Bear_Eire · 09-03-2014 06:26PM

And Albion Rovers take it to a replay and by god to they deserve it every one of their players had 10 times the pride in their clubs shirt than any Rangers player. McCoist really has to look to his future away from Rangers

Lennonist · 09-03-2014 06:37PM

Broxi_Bear_Eire wrote: »

Mohsni playing up front for the subbed Jon Daly puts it in the back of the net 1-1

It should've been a free for Albion Rovers for a foul on the keeper. Even Richard Gough in the studio said 9 times out of 10 a ref would give a free out for that. Albion Rovers were robbed. Neil McCann says the same, goal shouldn't have stood.

Broxi_Bear_Eire · 09-03-2014 06:39PM

Lennonist wrote: »

It should've been a free for Albion Rovers for a foul on the keeper. Even Richard Gough in the studio said 9 times out of 10 a ref would give a free out for that. Albion Rovers were robbed.

No they weren't Richard Gough was a great captain for us but he isn't a Ref.

Edit; If thats the case from RG then Andy Walker says it should stand take your pick

Lennonist · 09-03-2014 06:49PM

Broxi_Bear_Eire wrote: »

No they weren't Richard Gough was a great captain for us but he isn't a Ref.

Edit; If thats the case from RG then Andy Walker says it should stand take your pick

Albion were robbed, incredible that you would try to dispute that the the rangers got lucky with that decision. Neil McCann said so as well.

Broxi_Bear_Eire · 09-03-2014 06:59PM

Lennonist wrote: »

Albion were robbed, incredible that you would try to dispute that the the rangers got lucky with that decision. Neil McCann said so as well.

I have not said anywhere that Rangers were not lucky. I have done nothing but praise Albion Rovers. Good for Neil McCann I disagree is my right. I think we were lucky to get the replay. I think Albion Rovers were unlucky not to win the game as for the rest meh don't really care what you think. Just to keep you happy I reckon we will get gubbed in the semis and in some ways its unfortunate Albion Rovers didn't win today because with any luck we would have been looking for a new manager and coaching staff.

EDIT As I pointed out Andy Walker said it should have stood which nearly made me faint. But thats the name of the game it all comes down to opinions and the only persons that really matters is the ref

bobmalooka · 09-03-2014 10:32PM

It wasn't a foul in my opinion, goalkeepers are overprotected in those situations. Its ridiculous that effectively an attacker can't compete in the air with the keeper.

But I understand why people are questioning the decision. refs always give frees when the attacker competes in the air with the keeper, fortunate timing for rangers that this ref decided to (rightly) buck the trend.

weldoninhio · 09-03-2014 10:44PM

bobmalooka wrote: »

It wasn't a foul in my opinion, goalkeepers are overprotected in those situations. Its ridiculous that effectively an attacker can't compete in the air with the keeper.

But I understand why people are questioning the decision. refs always give frees when the attacker competes in the air with the keeper, fortunate timing for rangers that this ref decided to (rightly) buck the trend.

Hilarious. It was almost assault. But then again, better for the ref to give the goal than another 90+ minute peno.

Shocking game, next season is gonna be tough when you aren't playing part-timers each week.

Dempsey · 09-03-2014 11:00PM

weldoninhio wrote: »

Hilarious. It was almost assault. But then again, better for the ref to give the goal than another 90+ minute peno.

Shocking game, next season is gonna be tough when you aren't playing part-timers each week.

He's not a Rangers or Sevco supporter. ..

bobbysands81 · 10-03-2014 12:41AM

bobmalooka wrote: »

It wasn't a foul in my opinion, goalkeepers are overprotected in those situations. Its ridiculous that effectively an attacker can't compete in the air with the keeper.

But I understand why people are questioning the decision. refs always give frees when the attacker competes in the air with the keeper, fortunate timing for rangers that this ref decided to (rightly) buck the trend.

Thought it was a clear foul, not just for jumping into the keeper but also because of the flailing arms around the keeper's head.

Clear free out.

https://www.youtube.com/watch?v=MQadzUvdwIQ

http://www.youtube.com/watch?v=MQadzUvdwIQ

Rangers FC On Field Gossip & Rumour Thread 2017 Mod Note in OP(Updated 14/08)

Comments