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...
RedRob72 Posted May 22, 2015 Share Posted May 22, 2015 "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? An envy that feeds most of the hatred directed at our Club, and always has done. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted May 22, 2015 Share Posted May 22, 2015 An envy that feeds most of the hatred directed at our Club, and always has done. Again, what exactly is there to envious about? A shitty desperate existence, scrambling like beggars from one month to the next to get to pay day all while the rest of Scottish Football points and laughs in unison? Oh aye, a lot of envy out there. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted May 22, 2015 Share Posted May 22, 2015 ". Has he found chuckles old press releases and dusted a few down? Tbf that's the first thing that came to mind when I read that in the bog this morning. 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?? They both put money in? -1 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted May 22, 2015 Share Posted May 22, 2015 Tbf that's the first thing that came to mind when I read that in the bog this morning. Great minds, benny. 0 Quote Link to comment Share on other sites More sharing options...
jagfox Posted May 22, 2015 Share Posted May 22, 2015 The Bouncy 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted May 22, 2015 Share Posted May 22, 2015 The Bouncy Ffs you'll have densboy claiming its sectarian again........ Oh wait a minute, he got banned. -1 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted May 22, 2015 Share Posted May 22, 2015 This is, of course, not only sensible but the approach pretty-much every Bear on here wants to take. We all want a balanced budget and to exist within our financial means. We are sick to the back teeth of cheque book chairmen. Of course, the diddies will scoff at this but this is what they do. I accept that this might be the preference of the P&B contingent, although the enthusiasm for King might undermine the idea a bit. I don't accept however that such an outlook is necessarily shared by the wider support. 0 Quote Link to comment Share on other sites More sharing options...
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