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Big Rangers Administration/Liquidation Thread - All chat here!


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Out of interest, when's the last time Sevco actually paid a transfer fee for a player?

They shelled out about £800k for Templeton did they not, when they were in the 3rd Division?

How's he getting on now? :lol:

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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. 8) Financial expertise indeed.

Patey, on the 'list' :lol:

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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. 1.



    put (money) into financial schemes, shares, property, or a commercial venture with the expectation of achieving a profit.







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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. 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.

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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

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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.

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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?

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