forever_blue Posted April 29, 2014 Share Posted April 29, 2014 He'll need to get someone on KDS to explain it for him first..... through the use of pictures 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted April 29, 2014 Share Posted April 29, 2014 ok please explain it then ? ^^^^ Confuddled (and scottish) 0 Quote Link to comment Share on other sites More sharing options...
forever_blue Posted April 29, 2014 Share Posted April 29, 2014 ^^^^ Confuddled (and scottish) 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted April 29, 2014 Share Posted April 29, 2014 ^^^^^ Ride 0 Quote Link to comment Share on other sites More sharing options...
forever_blue Posted April 29, 2014 Share Posted April 29, 2014 ^^^^^ Ride why thank you , I do try and make an effort 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted April 29, 2014 Share Posted April 29, 2014 That is a major risk though, I would imagine that despite the major fraud implications of selling the stadium and training ground to the holding company on the cheap, the risk that whoever buys the club for basically peanuts decides to do a coventry and stick two fingers up at the stadium owners and play football elsewhere is a real threat, I imagine most Rangers fans would back the new owners if they were backed into a corner like this. The shareholders then basically lose everything, the whole lot is currently valued at around £14.5M, the stadium and training ground without a football club would be lucky to fetch £1M - £2M and even this would be wiped out by the maintenance costs and rates even if they were mothballed, so basically they are risking the entire lot, remember the fans are already showing a steely resolve not to hand over any more money to these crooks, it is against this reality that the shareholders will be making decisions. ACL thought they were in a strong position, they were of course entirely wrong. If the stadium and training ground are valued at £14.5m, and the debt to the company is £16m, and the debt is written off as a result of an asset transfer, I fail to see how it could be fraudulent based on the value. The other thing to remember is that some of the major shareholders got in there with the penny shares. Anything they make over an above very little is profit to them, which leaves them more room for risk. Particularly with the training ground, which they could easily mothball until a more sympathetic planning committee receives an application for housing. Ibrox, I agree is completely worthless if not a football ground. Glasgow is over saturated with shopping centres and hotels, and in that area in particular there is no need for either. 0 Quote Link to comment Share on other sites More sharing options...
Happy Buddie Posted April 29, 2014 Share Posted April 29, 2014 If the stadium and training ground are valued at £14.5m, and the debt to the company is £16m, and the debt is written off as a result of an asset transfer, I fail to see how it could be fraudulent based on the value. The other thing to remember is that some of the major shareholders got in there with the penny shares. Anything they make over an above very little is profit to them, which leaves them more room for risk. Particularly with the training ground, which they could easily mothball until a more sympathetic planning committee receives an application for housing. Ibrox, I agree is completely worthless if not a football ground. Glasgow is over saturated with shopping centres and hotels, and in that area in particular there is no need for either. Homeless shelters? Alcohol/drugs detox clinics? Battered wives refuges? 0 Quote Link to comment Share on other sites More sharing options...
forever_blue Posted April 29, 2014 Share Posted April 29, 2014 woof woof, yelp yelp . grrrrrrrr 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted April 29, 2014 Share Posted April 29, 2014 If (thank god I'm not) I was at bear at the moment, I'd be seriously considering the FC Rangers of Govan route as the best way forward. Either that or walking away. Is the 'history' really that important that it's worth funding the retirement package of an assortment of spivs and gangsters to preserve? 0 Quote Link to comment Share on other sites More sharing options...
forever_blue Posted April 29, 2014 Share Posted April 29, 2014 (edited) Awww bless, I love how you boys seethe and gang up together .. but your leader aint too bright. awww whos a good boy ? roll over and hbqc might rub yer belly for you Edited April 29, 2014 by forever_blue 0 Quote Link to comment Share on other sites More sharing options...
BossHogg Posted April 29, 2014 Share Posted April 29, 2014 Funny how some rangers fans want Wallace out because he's a liar , yet Sally is ok , and he's probably the biggest liar in this whole saga, 0 Quote Link to comment Share on other sites More sharing options...
Kyle Posted April 29, 2014 Share Posted April 29, 2014 If (thank god I'm not) I was at bear at the moment, I'd be seriously considering the FC Rangers of Govan route as the best way forward. Either that or walking away. Is the 'history' really that important that it's worth funding the retirement package of an assortment of spivs and gangsters to preserve? Yes. 0 Quote Link to comment Share on other sites More sharing options...
forever_blue Posted April 29, 2014 Share Posted April 29, 2014 (edited) Still grieving I see ... will you grieve over the new club the same? Edited April 29, 2014 by forever_blue 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted April 29, 2014 Share Posted April 29, 2014 Most of the penny shares have been sold at market value to other shareholders, Laxey, Easdales etc, they all paid far more than they are currently worth, so they stand to lose a fortune. Remember that those assets were only worth £5.5M in a distressed fire sale when they came with a football club that had thousands of loyal fans willing to spend money, those same assets would not be worth a fraction of this without the other, I was being generous with the £1M to £2M figure. Had they gone on sale to the open market they would have fetched more than £5.5m. I think we both know that the deal that was put in place then was in the grey market at the very least. Murray Park in it's own right is worth at least that. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted April 29, 2014 Share Posted April 29, 2014 Charles Paterson þ@charlesp_sky · 32m Ally McCoist says he's "staggered" by Rangers' financial losses; watch his media conference shortly on @SkySportsNews Of course he is. Staggered by the financial losses but the playing budget's well under control. 0 Quote Link to comment Share on other sites More sharing options...
forever_blue Posted April 29, 2014 Share Posted April 29, 2014 would anyone mind if we just refereed to dhenboy as the mutt from now on ? -5 Quote Link to comment Share on other sites More sharing options...
Ross. Posted April 29, 2014 Share Posted April 29, 2014 The eventual buyer was always pre-determined but the only party to suggest they offered more was the BK consortium, if Murray park was worth so much why was there not offers for it or subsequent parties claiming they put in offers? Buying Murray Park in it's own right at the time would have been suicidal for any business who couldn't afford to wait long enough to do anything else with it other than rent it to Rangers. The reaction would not have been worth it. 0 Quote Link to comment Share on other sites More sharing options...
ribzanelli Posted April 29, 2014 Share Posted April 29, 2014 if Murray park was worth so much why was there not offers for it or subsequent parties claiming they put in offers? Do you mean offers from businessmen who simply wanted the land or from parties wanting the whole footballing business plus property? If the former I reckon it would be a brave man who tried to buy MP (or Ibrox) with the intention of developing the land. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted April 29, 2014 Share Posted April 29, 2014 Paying daft money for it now without any planning permission for housing would also by daft in the extreme. It would, but it would be far less daft now that there is a bogey man in place to take the reaction of any fans who are upset at the club being ripped apart bit by bit. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted April 29, 2014 Share Posted April 29, 2014 (edited) Who opened the door of the berrz cage? New berrz too............well, maybe just recycled. They seem to be getting excited over something. Poor deluded berrz. They're turning on Wallace now, he'll be gone soon. Edited April 29, 2014 by cyderspaceman 0 Quote Link to comment Share on other sites More sharing options...
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