WhiteRoseKillie Posted May 22, 2015 Share Posted May 22, 2015 Because anyone not glory hunting obviously can't be of the same intellectual calibre as the sevco loyal. I think that goes without saying, tbh. Where The_KinCarCrash et al go wrong is getting the whole thing arse about face. Bless. 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted May 22, 2015 Share Posted May 22, 2015 Arse Face 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted May 22, 2015 Share Posted May 22, 2015 It's pretty embarrassing King is asking McCoist to take a pay cut publicity 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted May 22, 2015 Share Posted May 22, 2015 It's pretty embarrassing King is asking McCoist to take a pay cut publicity He was quoted yesterday as saying that their finances are the envy of most of the football world. Their thrift in matters like this is clearly a positive. FWIW, they are probably right to ask Ally to walk away, but he is just as right to tell them to bolt. 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted May 22, 2015 Share Posted May 22, 2015 Well played Sally, f**k them you deserve every penny.. After being accepted as a director and with his chairmanship due to be rubber-stamped at a board meeting today, King stressed work on fixing a “broken” Gers will now pick up speed. King will oversee £30million of investment in the club and has vowed to plough in at least half from his own pocket. King started the ball rolling this week with a £1.5m loan as working capital until a clear funding strategy is in place. But the club are also looking to bring new investors to the table and tidy up expensive contracts they have inherited. Derek Llambias and Barry Leach – Mike Ashley’s puppets on the old Ibrox board – have now had their work contracts terminated, although Rangers refused to confirm if they had been given a cash sweetener to leave. One outstanding issue from the days of the previous board is the contract for former boss McCoist, who was placed on gardening leave for a year back in December. Many fans believe he should walk way without taking the cash as a gesture towards the club he served for so long. King has asked the question, but has so far failed to strike a deal with the club’s leading goalscorer. He said: “The fact is Ally is entitled to his money. The question is, can one ask him to accommodate the club? “He doesn’t have an obligation, he doesn’t owe anything to the club. It’s a question of whether the club can convince him that, under the new regime, so to speak, he should give some satisfaction. “But Ally is quite within his rights to be doing what he is doing. “Maybe there is an opportunity for us to say, ‘Ally, we are here, we are staying, would you assist us in some way going forward?’ “But we must understand he would be doing us a favour.” On the issue of McCoist doing Gers a turn after years of service on big money, King added: “I really don’t see it that way. “The club owes Ally as much as he owes them in terms of the satisfaction he’s given fans over the years.” King expects another general meeting in the next few months after Ashley called for one while also demanding the return of a £5m loan. But he doesn’t believe any shareholder can compel the board to pay and won’t unless it is in the club’s best interests. King is also not worried about a threat from former football board chairman Sandy Easdale to sue after the club was delisted from the Stock Exchange. He said: “I’ve a little file of the number of times Sandy has threatened litigation against me. I really don’t take it seriously.” The word club is used 9 times in that wee article, not one mention of the company Trying so hard "King will oversee £30 million of investment..." "King started the ball rolling this week with a £1.5m loan as working capital..." "...the club are also looking to bring new investors to the table.." (Thats YOU Berrz) "...The question is, can one ask him to accommodate the club? “He doesn’t have an obligation, he doesn’t owe anything to the club. It’s a question of whether the club can convince him that, under the new regime, so to speak, he should give some satisfaction. Get used to Kings' obfuscation when he opens his gub berrz, Mr Glib and Shameless will promise much and deliver so little by comparison. Where have we all heard this before I wonder ? 0 Quote Link to comment Share on other sites More sharing options...
williemillersmoustache Posted May 22, 2015 Share Posted May 22, 2015 Is king asking salary for a duel? Brilliant if so. Club, company, loan, investment, mine, yours, truth, lies. All interchangeable under the King regime. Wallets' oot bears 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted May 22, 2015 Share Posted May 22, 2015 Working capital ???????????????????? See when every month you need to borrow £1.5M in "working capital" Why not just pump in £4.5M in March and come June you could use the ST cash as "working capital"? Why must we go through this joke at the end of every month? Also I notice it's described by the media every month as "working capital" where as if this was a smaller club say Dundee Utd, they'd write that Mr X had to write a cheque to pay players and keep the club alive. Do the media think we don't know why they need regular loans every month? 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted May 22, 2015 Share Posted May 22, 2015 Im a little confused. Yesterday, it was being reported that the Three Bears had put in £1.5m for "working capital" aka keeping the lights on. Today it seems everyone is reporting that King put that money in. Whats going on?? It's all smoke, mirrors and wordplay. Like all the other CEOs at Ibrox they are talking about arranging investment rather than putting their own money in. It will, as ever, be in the form of loans to the club rather than investment in the traditional sense where the investment buys a share in the club. Invest- put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit No one will ever expect to make a profit buying into a basket case like Rangers mk ii. Lending them money however will see a return come season ticket sales or insolvency event. 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted May 22, 2015 Share Posted May 22, 2015 It's all smoke, mirrors and wordplay. Like all the other CEOs at Ibrox they are talking about arranging investment rather than putting their own money in. It will, as ever, be in the form of loans to the club rather than investment in the traditional sense where the investment buys a share in the club. Invest- put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit No one will ever expect to make a profit buying into a basket case like Rangers mk ii. Lending them money however will see a return come season ticket sales or insolvency event. But has King actually put his hand in his pocket yet? Is the club £3m better off this morning or is it the same £1.5m being smoked and mirrored around? 0 Quote Link to comment Share on other sites More sharing options...
Staggie_93 Posted May 22, 2015 Share Posted May 22, 2015 The replies from Rangers fans on social media are priceless.. "Yea loans with no security or time period to be paid back. Basically free cash" "Why is everyone jumping on the band wagon calm down the money comes slowly but surely lets just be grateful we have such a good chairman now to lead us forward and back to the top if you listen to his three interviews on the Rangers tv site he explains everything and quite frankly he could of easily of said f**k us but no he's even said he's here for the long haul" "David I accept the reply from ibrox loyal but when I said y not put 20 million in bank I think it will be safe cuz we ain't got crooks helping themselves to it I like to think we can now put 20 million in bank and it would be used wisely and when needed unlike before" PHREEE MUNEY 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted May 22, 2015 Share Posted May 22, 2015 Grant Russell @STVGrant · 19 mins19 minutes ago Dave King said yesterday he'd "lost" £20m in Rangers. But if his claim to liquidators is upheld, he could get at most £4.8m back eventually. Grant Russell @STVGrant · 13 mins13 minutes ago For the record, Dave King said in 2012: "Any benefit I receive from my claim will be fully reinvested into the restructured football club." 0 Quote Link to comment Share on other sites More sharing options...
sugna Posted May 22, 2015 Share Posted May 22, 2015 Im a little confused. Yesterday, it was being reported that the Three Bears had put in £1.5m for "working capital" aka keeping the lights on. Today it seems everyone is reporting that King put that money in. Whats going on?? This was reported yesterday as Paul Murray giving a "misleading" explanation of the source of the original loan. IMHO there is not a chance that, when Murray gave his explanation, the loan was coming from King. Why would Murray get such a basic fact wrong, especially when it would have suited The Message to get it right? Whatever you think about Murray, he's not a babbling, incompetent idiot. It's very obvious to anyone with the slightest degree of healthy scepticism that King's ownership of the loan (whether real or illusory) came after the fact of the loan. It may have been "bought" by King (like the Letham loan) or another arrangement involving King in some way may have been reached; but in either case it is being spun in such a way as to appear that it came from him all along. The SMSM still haven't caught on to the documented fact that this man has been found to be a GASL and to be unreliable on any matter to the extent that nothing he says should be believed without documentary evidence. For a court to add those riders onto 82 years'-worth of convictions is absolutely extraordinary, indicating just how much they found him to be incapable of telling the truth. In short, nothing that comes out of the King camp makes any sense if you believe that he's telling the truth; but everything makes sense if you assume the opposite. Fortunately, the SA court system has told us the answer to that one in advance, following intense scrutiny of the man's testimony versus the objective facts across an extended period of time; and so everything does indeed make sense. 0 Quote Link to comment Share on other sites More sharing options...
aofjays Posted May 22, 2015 Share Posted May 22, 2015 The replies from Rangers fans on social media are priceless.. "Yea loans with no security or time period to be paid back. Basically free cash" "Why is everyone jumping on the band wagon calm down the money comes slowly but surely lets just be grateful we have such a good chairman now to lead us forward and back to the top if you listen to his three interviews on the Rangers tv site he explains everything and quite frankly he could of easily of said f**k us but no he's even said he's here for the long haul" "David I accept the reply from ibrox loyal but when I said y not put 20 million in bank I think it will be safe cuz we ain't got crooks helping themselves to it I like to think we can now put 20 million in bank and it would be used wisely and when needed unlike before" PHREEE MUNEY Considering EBT's this seems a popular belief down ibrox way. 0 Quote Link to comment Share on other sites More sharing options...
the 67 Posted May 22, 2015 Share Posted May 22, 2015 (edited) Just been reading all the latest from King in the record today.... a few thoughts... King saying big Mike may have to wait for his 5 million loan to be repayed... King admits Mike/SD have legal binding contracts regarding merchandise.... he wants to re negotiate a better deal for Sevco.... The above kind of makes you think, why piss Mike off with the loan talk...when you want to barter a better deal for the club with merchandise....King says the contracts are all legal, so we can probably assume that they will not just be ripped up....so what makes them think they can piss him off with the loan talk... then enter negotiations for a better deal for the club??? If the contracts are legal why should Mike entertain them at all?? Looks like they are pulling a tiger by the tail...does anyone else think this could get really messy?? or am I reading to much into this??? Edited May 22, 2015 by the 67 -1 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted May 22, 2015 Share Posted May 22, 2015 This was reported yesterday as Paul Murray giving a "misleading" explanation of the source of the original loan. IMHO there is not a chance that, when Murray gave his explanation, the loan was coming from King. Why would Murray get such a basic fact wrong, especially when it would have suited The Message to get it right? Whatever you think about Murray, he's not a babbling, incompetent idiot. Seriously? Thats batshit levels of truth twisting, even by Kings standards Another payout. Not according to King. So, yes, another payout 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted May 22, 2015 Share Posted May 22, 2015 Does Dodgy Dave have the first clue what he said yesterday or what he's going to say today? That judge absolutely nailed him. 0 Quote Link to comment Share on other sites More sharing options...
kildog Posted May 22, 2015 Share Posted May 22, 2015 Fit and proper. 0 Quote Link to comment Share on other sites More sharing options...
Paramour Posted May 22, 2015 Share Posted May 22, 2015 He doesn't control, "the most lucrative income stream at the place for the next ten years" That's all. Ah, I see. I thought you meant "he doesn't have the dough" which, essentially, it seems that he doesn't. Although some days he does. But then the next day he might not. Then one day he's going to invest it. Then the next he never said anything like that in the first place. Then the next he's invested it already, but then the next it was somebody else. To think he's been called mendacious, glib, shameless, and a liar. This new era of transparency beggars belief really, doesn't it? In any respect, even if it isn't the most lucrative income stream (and, depending on season ticket renewals should The Rangers remain in the Championship), they guy still has The Rangers by the haw maws. King's arrogance and efforts to belittle Ashley might just rattle the cage; many here certainly hope it will. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted May 22, 2015 Share Posted May 22, 2015 (edited) "the envy of the footballing world". Aye ok Dave, absolutely no one envies Sevco's shitty horrid existence and wishes their club had to survive hand to mouth on payday loans. Has he found chuckles old press releases and dusted a few down? Edited May 22, 2015 by AberdeenBud 0 Quote Link to comment Share on other sites More sharing options...
lithgierose Posted May 22, 2015 Share Posted May 22, 2015 isn't ally due even more if sevco get promoted ? 0 Quote Link to comment Share on other sites More sharing options...
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