steelmen Posted November 26, 2014 Share Posted November 26, 2014 Why would Ticketus transfer money to Whyte's account for him to show Murray/Lloyds Bank that he had "proof of funds" PRIOR to Whyte owning Rangers.......that doesn't make sense in any World let alone a Business one. Is this not what the new criminal case is about for his lawyers. they confirmed to Murray/Lloyds that whyte had the money but he really didn't until the sale whet through? or it could be down to the fact that Whyte agreed to be the guarantor of the Ticketus money no matter what happened. 0 Quote Link to comment Share on other sites More sharing options...
haggis pakora Posted November 26, 2014 Share Posted November 26, 2014 Something smells bad? Take that nose away from your arse David. 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted November 26, 2014 Share Posted November 26, 2014 I want to see the 411 pic http://www.pieandbovril.com/forum/index.php?app=core&module=attach§ion=attach&attach_rel_module=post&attach_id=100933 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted November 26, 2014 Share Posted November 26, 2014 I thought this was about conning the SFA? I was referring to the article saying that "Whyte used Ticketus' money as proof of funding" in order to buy the Club........How could Ticketus do that without some sort of reasurances from SDM? Would kind of be like me trying to buy my neighbours house using his equity in the property. 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted November 26, 2014 Share Posted November 26, 2014 Is this not what the new criminal case is about for his lawyers. they confirmed to Murray/Lloyds that whyte had the money but he really didn't until the sale whet through? or it could be down to the fact that Whyte agreed to be the guarantor of the Ticketus money no matter what happened. Either way SDM/Lloyds must have been involved with some form of brokering the deal with Ticketus.......How else could you borrow money on the equity/assets of a business belonging to someone else? 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted November 26, 2014 Share Posted November 26, 2014 The bank didn't care as long they got got their money and Murray just wanted out of dodge as his ego couldn't bring him to be the man who took Rangers into admin. Both of were probably fully aware of Whyte's actual financial situation, imo. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted November 26, 2014 Share Posted November 26, 2014 BBCchrismclaug: The long awaited #Rangers AGM will be held on 22nd of December. No definite venue as yet. Accounts to be signed off by end of week. 22nd of December is my birthday. Dear God please please please deliver the good news they are completely and utterly fucked so the Rangers fans get the club they deserve. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted November 26, 2014 Share Posted November 26, 2014 Is Dhense seriously trying to claim he doesn't keep up with what is happening with Rangers? I nearly greenied that No8, nearly. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted November 26, 2014 Share Posted November 26, 2014 Thank you for clearing up the mystery. I appear to be a member. Ton, have your customary 411 club greeny and now you need to change your signature to bold red letters stating your are 411 club member and don't forget to thank our great flounder !, "Kinky". 0 Quote Link to comment Share on other sites More sharing options...
Wee Willie Posted November 26, 2014 Share Posted November 26, 2014 22nd of December is my birthday. Dear God please please please deliver the good news they are completely and utterly fucked so the Rangers fans get the club they deserve. Amen tae that 0 Quote Link to comment Share on other sites More sharing options...
haggis pakora Posted November 26, 2014 Share Posted November 26, 2014 22nd of December is my birthday. Dear God please please please deliver the good news they are completely and utterly fucked so the Rangers fans get the club they deserve. I see you are drunk again you utter skitter. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted November 26, 2014 Share Posted November 26, 2014 I thought this was about conning the SFA? You would wouldn't you ?, it was all about SDM punting the debt ridden club that was about to collapse his corporate empire so he could get a loan from the bank to save what could be saved after SDM used the club as a plaything and then hung it iout high and dry. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 26, 2014 Share Posted November 26, 2014 The bank didn't care as long they got got their money and Murray just wanted out of dodge as his ego couldn't bring him to be the man who took Rangers into admin. Both of were probably fully aware of Whyte's actual financial situation, imo. Even Bain warned Murray not to sell, Bain ffs saw through it. 0 Quote Link to comment Share on other sites More sharing options...
haggis pakora Posted November 26, 2014 Share Posted November 26, 2014 You would wouldn't you ?, it was all about SDM punting the debt ridden club that was about to collapse his corporate empire so he could get a loan from the bank to save what could be saved after SDM used the club as a plaything and then hung it iout high and dry. Is that you on the second can of super lager,hb? 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted November 26, 2014 Share Posted November 26, 2014 I was referring to the article saying that "Whyte used Ticketus' money as proof of funding" in order to buy the Club........How could Ticketus do that without some sort of reasurances from SDM? Would kind of be like me trying to buy my neighbours house using his equity in the property. Common misconception there sjc, Whyte bought the club for a pound. The club was already sold to Wyhte just for one pound. Step two, after Whyte had bought the club for a pound then he could secure the ticketus money to pay off the clubs debt to Lloyd's because he already owned the club. The deal was to pay off the clubs debt to the bank through the sale of the club and that was achieved for a pound and a gentleman's agreement the next buyer would pay off the debt. Whyte could only secure the Ticketus money only when he was the owner and a pound got him the whole club and it's assets. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted November 26, 2014 Share Posted November 26, 2014 As someone who doesn't visit this thread very often these days I find it difficult to keep up. Am I right in thinking that there is a legal requirement for the accounts to be lodged within the next week or so in order for Rangers to hold their AGM within the required timeframe? Is there any indication (as opposed to speculation or wishful thinking) that the club may be deemed insolvent? As I understand it (and I may be wrong) a company that is insolvent - i.e. More debts than assets - may continue to trade if: (A) there is a 'reasonable possibility' of them trading out of their insolvent position. This would be highly speculative when applied to Rangers' current position; or (B) one or more of the key creditors accepts they may not get their money but continues to support the business. For B above I presume the only relevant person would be Ashley. Under this scenario surely the SFA would deem his involvement to be too conflict ridden. I.e. 9% share and financial underpinning of an otherwise insolvent business. Any clarification or contradiction of the above would be welcome. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted November 26, 2014 Share Posted November 26, 2014 This is your last three posts on the BRALT. Take that nose away from your arse David. I see you are drunk again you utter skitter. Is that you on the second can of super lager,hb? You have neither took part in the discussion or added anything of value furthering the debate except post insults. You neither look clever or even remotely look like there is a single brain cell capable of creating a fart of any significance for all of us to marvel upon. Now please fcuk off and leave it to the grown ups to discuss and laugh at your clubs demise. 0 Quote Link to comment Share on other sites More sharing options...
hellbhoy Posted November 26, 2014 Share Posted November 26, 2014 As someone who doesn't visit this thread very often these days I find it difficult to keep up. Am I right in thinking that there is a legal requirement for the accounts to be lodged within the next week or so in order for Rangers to hold their AGM within the required timeframe? Is there any indication (as opposed to speculation or wishful thinking) that the club may be deemed insolvent? As I understand it (and I may be wrong) a company that is insolvent - i.e. More debts than assets - may continue to trade if: (A) there is a 'reasonable possibility' of them trading out of their insolvent position. This would be highly speculative when applied to Rangers' current position; or (B) one or more of the key creditors accepts they may not get their money but continues to support the business. For B above I presume the only relevant person would be Ashley. Under this scenario surely the SFA would deem his involvement to be too conflict ridden. I.e. 9% share and financial underpinning of an otherwise insolvent business. Any clarification or contradiction of the above would be welcome. It's been floating around that £12 million is needed to be secured so that the club can sign off on the accounts and continue and who is stupid enough to front £12 million up front ? 0 Quote Link to comment Share on other sites More sharing options...
haggis pakora Posted November 26, 2014 Share Posted November 26, 2014 Now please fcuk off and leave it to the grown ups to discuss and laugh at your clubs demise. I see the super lager has kicked in. 0 Quote Link to comment Share on other sites More sharing options...
scottxs Posted November 26, 2014 Share Posted November 26, 2014 It's been floating around that £12 million is needed to be secured so that the club can sign off on the accounts and continue and who is stupid enough to front £12 million up front ? dave king 0 Quote Link to comment Share on other sites More sharing options...
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