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PhilMaHole

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Posts posted by PhilMaHole

  1. 12 hours ago, The_Kincardine said:

    It's a small facility by both Rangers' standards and Close Bros' standards and I really don;t see what the fuss is about - apart from the usual P&B curtain-twitching drama-queenery.

    I did steady but profitable business with Close in the mid to late 80s providing them with IT 'shite' .  They resisted 'the big bang' but were equally unaffected by Black Monday..  I have an affection for Close, Cazenove and NM Rothschild as they maintained an independent stance and provided me with commission whilst other clients like BZW and Morgan Grenfell went down the shitter.

    So, an independent merchant bank with a strong balance sheet and almost as much history as 'us' providing structured finance?  Point out where I should be worried.

    The part where knocking back £8m shows how financially strong Rangers are, when at the same time arrange a £3m loan with Wonga secured against assets that King said he would never do and that the 'spivs' were crucified for doing likewise...and the part in the last financial results were King via NOAL promised to cover any shortfall ,and the financial future of the club being dependent on European football.

    I'd be worried about that.

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