MEADOWXI Posted March 23, 2015 Share Posted March 23, 2015 The loan is 'working capital'.. . Sounds so much better than paying the bills marked red and due as there is f**k all else in the pot. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 23, 2015 Share Posted March 23, 2015 They've not drawn down on the SD loan and aren't planning on either. Of course they haven't. They handed over £5,000,000 out of pity. 0 Quote Link to comment Share on other sites More sharing options...
cowden0 Posted March 23, 2015 Share Posted March 23, 2015 How is a giving a loan the same as making an investment ? Try it the next time you're caught short for cash on a night out. If friends are reluctant to give you you a loan try "Can you invest £50 in me?" See how you you get on. :-) 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted March 23, 2015 Share Posted March 23, 2015 http://www.rangers.co.uk/news/headlines/item/8887-club-statement This is what i like to see from a Rangers board. A statement straight away to rubbish any of the 'obsessed rumours. The group has stepped in as the full extent of the financial damage caused by every regime over the last four years becomes clear So, that would include the Board of the Club in Liquidation then, the one that included PM & DK? 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted March 23, 2015 Share Posted March 23, 2015 PM & DK were totally innocent and had no idea what was going on. 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted March 23, 2015 Share Posted March 23, 2015 The fact the loans only 1.5m is a good thing considering we were being told that we needed 10-15m. So as it stands the 1.5 will do us till the end of the season, then we'll get the season ticket money in and more than likely do a share issue, where the likes of King will put their money in. Is that loan not to make this weeks pay run?? 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted March 23, 2015 Share Posted March 23, 2015 Sleeps 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted March 23, 2015 Share Posted March 23, 2015 (edited) So King is not putting up any cash until he passes as a fit and proper person, that's an interesting spin on him screwing over the 3 bears Especially when he said he would still invest even if he failed a fit n proper test. Did he not say something along the lines of, 'Not needing a seat on the BoD's,'? Edit: Oh aye, so he did. http://www.bbc.co.uk/sport/0/football/31772694 "If I'm not found fit and proper then I won't sit on the board. I'll still invest and I'll still support it. I must have 40 companies back in South Africa that I don't sit on the board of. I don't think it will be an issue, but if it turns out to be an issue then it won't make any difference to Rangers going forward." Edited March 23, 2015 by kiddy 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted March 23, 2015 Share Posted March 23, 2015 The fact the loans only 1.5m is a good thing considering we were being told that we needed 10-15m. So as it stands the 1.5 will do us till the end of the season, then we'll get the season ticket money in and more than likely do a share issue, where the likes of King will put their money in. Maybe a cash for equity deal? Also regarding season tickets, won't we have to wait until we know which league we'll be i n? Using future ST money to pay off onerous loans? What a great idea, I'm surprised nobody's come up with that before. 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted March 23, 2015 Share Posted March 23, 2015 YYYYYEEEEEEEEEEEEEEHHHHHHHHHHHAAAAAAAAAAAAA, £1.5M working capital! Has Novo signed yet? 0 Quote Link to comment Share on other sites More sharing options...
sugna Posted March 23, 2015 Share Posted March 23, 2015 A couple of thoughts on this: 1. No one from the old or new boards appears to contradict the need for cash pretty much right now, and the timing looks to me as though Ashley has opted not to make the second tranche available. 2. There are still apparently some Bears who haven't accepted that DK is so very, very mendacious. Despite his talk about a. NOMADs (got one ready to go! can't name prospective NOMAD [for some spurious reason]! prefer to de-list! because I'm such a fair-minded guy, will not de-list!); and b. Investment (name any amount - he has! "respecting" non-existing SFA rule that says he can't put in money unlessnhe's passed the FPP test). I find this almost incredible. His record of inconsistency, only using the evidence of his recent public utterances and ignoring completely his sentences worth 82 years' imprisonment on a small sample of his criminal charges, is enough to mark his card as a man who cannot be trusted in any respect. But some of the Bears still see the GASL as the Messiah. Fascinating need to believe. 0 Quote Link to comment Share on other sites More sharing options...
Pete's Frontier Posted March 23, 2015 Share Posted March 23, 2015 So that £1.5m gets them through this month, what about April and May? The Lying King counting on Sevco getting through the play offs and a big orc season book rush. 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted March 23, 2015 Share Posted March 23, 2015 Maybe a cash for equity deal? Also regarding season tickets, won't we have to wait until we know which league we'll be i n?I don't think that stopped Hibs last year. No doubt one of my verdant neighbours will correct me if I'm wrong 0 Quote Link to comment Share on other sites More sharing options...
Pete's Frontier Posted March 23, 2015 Share Posted March 23, 2015 (edited) I don't think that stopped Hibs last year. No doubt one of my verdant neighbours will correct me if I'm wrong Helps if you actually own 90% of the stock like Farmer, not 10 or 15% like the LK and his Berr troop. Edited March 23, 2015 by Pete's Frontier 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted March 23, 2015 Share Posted March 23, 2015 (edited) Do Rangers fans understand what the word "loan" means? It's not like when their typical fan 'borrows' money. They have to pay it back!!!! Every penny loaned this season is another penny not in the budget next season. At this rate they will start next season already in debt. Edited March 23, 2015 by Gaz FFC 0 Quote Link to comment Share on other sites More sharing options...
skiddy_ys Posted March 23, 2015 Share Posted March 23, 2015 (edited) Do Rangers fans understand what the word "loan" means? It's not like when their typical fan 'borrows' money. They have to pay it back!!!! Every penny loaned this season is another penny not in the budget next season. At this rate they will start next season already in debt. Apparently not. See discussion on their use of EBT's for details! Edited March 23, 2015 by skiddy_ys 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted March 23, 2015 Share Posted March 23, 2015 Up to their knees in...... payday loans. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted March 23, 2015 Share Posted March 23, 2015 Can anybody show me the link to where his popcorn-ness has performed detailed analyses on average gates per head of population across Europe? Perhaps showing trends over time and with relative success factored in? You, know, so it doesn't look like he's just making it up as they're missing their twins*. *As regularly stated on here: the only club suffering in any meaningful sense since Rangers died is Celtic. But that's understandable, because they're gloryhunting permavictims with a misplaced superiority complex too. Absolutely spot on. Again, we get Rangers fans citing a friendly Celtic connected voice. The pantomime rivalry grinds on. 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted March 23, 2015 Share Posted March 23, 2015 So they were all investing equally before the EGM....and now its a Loan!..love it. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted March 23, 2015 Share Posted March 23, 2015 Surely a world record for the amount of loans received by a football club. That must be double figures in less than three years. 0 Quote Link to comment Share on other sites More sharing options...
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