cyderspaceman Posted June 9, 2015 Share Posted June 9, 2015 King has previously said he would be prepared to invest £30million in the club to put it back on an even keel with their Old Firm rivals. But so far all the Gers chief, who expects to appoint a manager next week, has handed over is a £1.5million unsecured loan. Patey, a partner with Ernst & Young, said: "Long term it's not a sustainable model for a club to spend more than it is making." A lot has been said about the wealth of Dave King. Can he continue to support it beyond one-year losses? I suspect he can but as yet, we have not seen a significant amount of money going into the club since Dave King took over." What? Really? Well, well, well. Financial expertise indeed. Patey, on the 'list' 0 Quote Link to comment Share on other sites More sharing options...
Old Diamond Posted June 9, 2015 Share Posted June 9, 2015 Can we stop using the port "invest" in these posts please, I looked it up in the online dictionary and it is probably the most inappropriate word to use when describing financial matters involving football clubs, never mind the Rangers invest ɪnˈvɛst/ verb verb: invest; 3rd person present: invests; past tense: invested; past participle: invested; gerund or present participle: investing 1. put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit. 0 Quote Link to comment Share on other sites More sharing options...
williemillersmoustache Posted June 9, 2015 Share Posted June 9, 2015 Can we stop using the port "invest" in these posts please, I looked it up in the online dictionary and it is probably the most inappropriate word to use when describing financial matters involving football clubs, never mind the Rangers invest ɪnˈvɛst/ verb verb: invest; 3rd person present: invests; past tense: invested; past participle: invested; gerund or present participle: investing 1. put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit. One assumes this is exactly what Dave King means. A lie hidden in plain sight as a truth, wrapped in a mystery surrounded by a vast unwashed sea of gullibility. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted June 9, 2015 Share Posted June 9, 2015 Why do our idiot Journalists still court the opinion of Neil "the CVA will be accepted" Patey? The guys got a strike rate worse than McMadeupname 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted June 9, 2015 Share Posted June 9, 2015 What mechanism exists to invest that £20m / £30m? You suggesting it's not that he won't put in the money he said he would, it's that he can't? Brilliant. What mechanism have changed since that original statement? No deflections please 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted June 9, 2015 Share Posted June 9, 2015 Was it Einstein who defined insanity as repeating the same actions over and over and expecting a different outcome? P&B bears are supposedly some of the most sensible but even they seem to balk at the idea of a basic reconciliation of income and expenditure. 0 Quote Link to comment Share on other sites More sharing options...
H_B Posted June 9, 2015 Share Posted June 9, 2015 Was it Einstein who defined insanity as repeating the same actions over and over and expecting a different outcome? P&B bears are supposedly some of the most sensible but even they seem to balk at the idea of a basic reconciliation of income and expenditure. I was thinking exactly this earlier. Their problem is that their expenditure is still utterly ludicrous. Which makes it impossible for them to actually run themselves properly. Until that's sorted out, they are gloriously fucked. What are the losses going to be for next season? 12 million? 20 million? 0 Quote Link to comment Share on other sites More sharing options...
aofjays Posted June 9, 2015 Share Posted June 9, 2015 So you do not know then, thought so? There is not a mechanism currently available, this was made clear at the time, indeed the process was made clear before he even came in. The only way to put money in via investment is to (1) list the company (2) issue a prospectus (3) allow people to invest, this was the system put in place by the previous board. The only route to get money into the company prior, is to loan money as it is needed which is what they are doing. Now you tell me what has changed? So the only reason King can't invest is because the NOMAD he had "lined up" failed to actually exist? King has fixed it so that King can't invest - but it's not his fault he's not invested. That is what you are saying isn't it? 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted June 9, 2015 Share Posted June 9, 2015 Why do Sevconians trust a word King says? Can any of the resident Bears give me a serious answer to this? Something beyond that pathetic guff about him being "a real Rangers man"? 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted June 9, 2015 Share Posted June 9, 2015 What mechanism exists to invest that £20m / £30m? Invest in new players? 0 Quote Link to comment Share on other sites More sharing options...
aofjays Posted June 9, 2015 Share Posted June 9, 2015 (edited) The reason anyone cannot invest is because a mechanism does not yet exist to invest, I believe they are working on listing on another exchange, they stated this would take several months, has anything changed in this regard? You really are on top form today. The mechanism did exist. King broke that mechanism. Result? King "can't" invest but according to you it's not his fault. Brilliant stuff. Beginning to wonder if you another Snafu type. ETA: As far as I know nothing has changed from when ISDX and AIM both told sevco to piss off. What do you think has changed? Edited June 9, 2015 by aofjays 0 Quote Link to comment Share on other sites More sharing options...
shull Posted June 9, 2015 Share Posted June 9, 2015 The Walters 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted June 9, 2015 Share Posted June 9, 2015 So if King *can't* invest any money in The Rangers, what use is he exactly? Is he a shrewd and canny operator with wealth off the radar or is he poor old loyal Dave hamstrung by the rules and regulations? 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted June 9, 2015 Share Posted June 9, 2015 What mechanism exists to invest that £20m / £30m? Banks 0 Quote Link to comment Share on other sites More sharing options...
p&b is a disgrace Posted June 9, 2015 Share Posted June 9, 2015 So you do not know then, thought so? There is not a mechanism currently available, this was made clear at the time, indeed the process was made clear before he even came in. The only way to put money in via investment is to (1) list the company (2) issue a prospectus (3) allow people to invest, this was the system put in place by the previous board. The only route to get money into the company prior, is to loan money as it is needed which is what they are doing. Now you tell me what has changed? He can't just give it? 0 Quote Link to comment Share on other sites More sharing options...
p&b is a disgrace Posted June 9, 2015 Share Posted June 9, 2015 You'd need to have a GM to accept a donation? Really ? 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted June 9, 2015 Share Posted June 9, 2015 (edited) As a private company (delisted) King can make what ever cash for equity deal he likes. Edited June 9, 2015 by Insaintee 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted June 9, 2015 Share Posted June 9, 2015 It's always the previous board's/boards' fault, isn't it? Is this the same previous board that you referred to as "spivs"? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted June 9, 2015 Share Posted June 9, 2015 As a private company (delisted) King can make what ever cash for equity deal he likes. Read that on a blog type of post^^^ Forgetting that king can't just do whatever he wants to...... 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted June 9, 2015 Share Posted June 9, 2015 Read that on a blog type of post^^^ Forgetting that king can't just do whatever he wants to...... True... He needs the agreement of the other directors. Damb those three bears 0 Quote Link to comment Share on other sites More sharing options...
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