THE KING Posted June 4, 2015 Share Posted June 4, 2015 What penalties? where are they detailed? what date for repayment was attached to the loan? Have you seen the loan details..or are you basing all this on the stock market announcement? 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted June 4, 2015 Share Posted June 4, 2015 What the P & Bers seem to be missing is that their is no financial incentive to pay this loan off right now. That's because Rangers don't have £500K let alone £5M. Also King certainly won't pay £5M to Ashley. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted June 4, 2015 Share Posted June 4, 2015 What the P & Bers seem to be missing is that their is no financial incentive to pay this loan off right now, nor is there any penalty for refusing this request. No wonder the banks refused to give you an overdraft facility. Happily once again to screw people out of money 0 Quote Link to comment Share on other sites More sharing options...
dave.j Posted June 4, 2015 Share Posted June 4, 2015 I love the orcs brazen attitude to debt. 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted June 4, 2015 Share Posted June 4, 2015 Dave King sitting in an office tossing a coin in the air to see which bills get paid in June. 0 Quote Link to comment Share on other sites More sharing options...
dave.j Posted June 4, 2015 Share Posted June 4, 2015 Dave King sitting in an office tossing a coin in the air to see which bills get paid in June. Bill McMurdo 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted June 4, 2015 Share Posted June 4, 2015 Is it in Rangers' interests to pay the players in June and July seen as they blew it and aren't playing anyway? I'm away for 2 weeks in October so I probably won't bother my arse paying all my mortgage that month seen as it's not in my interest to pay for a house whilst I'm away. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted June 4, 2015 Share Posted June 4, 2015 Nobody is getting screwed out of money Refusing to pay back a loan Nice spin, next you'll tell me the creditors got a decent deal 0 Quote Link to comment Share on other sites More sharing options...
printer Posted June 4, 2015 Share Posted June 4, 2015 Tis a puzzler, all day can I think of is that unky mike got too cocky and never considered that his placemen would lose control of the boardroom. Aye, that'll be the reason no specific conditions on repayment were (as far as we know) included in the loan agreement. 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted June 4, 2015 Share Posted June 4, 2015 so SD ask for the loan back - The Rangers say no. The Rangers will ask to renegotiate these contracts... wonder what SD will say. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted June 4, 2015 Share Posted June 4, 2015 The really ironic and hilarious thing is that the Sevconians are rubbing their hands with glee at the thought Medium Dave is going to employ all sorts of clever tricks to con Ashley out of getting his loan back, while at the same time they're completely oblivious to the not particularly clever tricks Medium Dave is employing to con *them* out of their (not especially) hard-earned money. :lol: 0 Quote Link to comment Share on other sites More sharing options...
printer Posted June 4, 2015 Share Posted June 4, 2015 Right so what you are saying is that Mike Ashley as a shareholder does not need the money and is not acting in the best interest of fellow shareholders or the club. Why does a shareholder need to act in the best interest of other shareholders? 0 Quote Link to comment Share on other sites More sharing options...
p&b is a disgrace Posted June 4, 2015 Share Posted June 4, 2015 Oh my lordee tedee. Goan start reading your posts back before you press the button. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted June 4, 2015 Share Posted June 4, 2015 So Rangers don't have the money to repay Ashley and they are going to beg him to give them something for nothing? 0 Quote Link to comment Share on other sites More sharing options...
WeeDiamond90 Posted June 4, 2015 Share Posted June 4, 2015 What the P & Bers seem to be missing is that their is no financial incentive to pay this loan off right now, nor is there any penalty for refusing this request. It doesn't matter if it benefits you or not! You effectively went to a loan shark for money and now he wants that money back, and from what I can gather about Mr Ashley's way of business he doesn't give a flying f**k how it effects you. You took his money, then sacked the two reps he appointed to the board, and now you are telling him he can't have his money back, and that you want a better deal from Sports Direct? 0 Quote Link to comment Share on other sites More sharing options...
printer Posted June 4, 2015 Share Posted June 4, 2015 He doesn't I guess Indeed. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted June 4, 2015 Share Posted June 4, 2015 The conditions: 26% increase in RR shareholding, Security on certain assets, shirt sponsorship proceeds from 2017-18 (if the loan is still in place), He has not requested any nominees. No If it was an overdraft then it would be called an overdraft, its a loan. The financial incentive for Rangers is that they get 26% more income from the retail business, they have assets that they are free to use as they see fit(Sell them, rent them out, mortgage them), and they get money from shirt sponsorship from 2017-18 onwards. 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted June 4, 2015 Share Posted June 4, 2015 Last time I watched Judge Judy I'm sure they never got of repaying loans by saying there was no date in the contract. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted June 4, 2015 Share Posted June 4, 2015 You cannot call in something which is not due, it is quite clear that Fat Mike thought this loan was going to be in place until at least 2018, which is why he had the shirt money 2017/2018 clause inserted. Yes you can. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted June 4, 2015 Share Posted June 4, 2015 A loan shark who is charging 0%? Fat Mike does not get a penny extra for this loan being in place. Aye cos paying the loan off will encourage him to do the same? So SD is getting no return for their £5m? -1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.