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Rangers Into Administration

Opinion of the news?  

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  1. 1. Best news ever?

    • Yes
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Green will do a private issue to as many gullible bearz as possible. Proceeds will pay off Ticketus with them/CW retaining deeds of Murray Park to make up the difference. Then expect the BK's to ride to the rescue with a capital injection for working capital thus giving them their cleansed club, Ibrox and absolutely no question of any link to either punishments or

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Was getting started on a hunco Halloween homepage but i've drawn a blank with the tag line, any suggestions?

 

There has to be a zombie joke in their somewhere.

 

In 2012, the undead will walk among us.....

 

 

3198699925.jpg

 

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OK BKs refuse to hand over anything. Newco mk11 has assets but zero trading history so no lines of credit. Newco mk11 has assets (Ibrox and team, and yes their precious f*cking history) but no cash as called in by creditors of newco mk 1 namely Green, Whyte and Ticketus. So where do they get cash for their operations, especially loss making operations? Not another share issue? Shirley?

 

(This is why if the bearz were smart they actually wouldn't sucker into this floatation but then if the bearz were smart.....)

 

Green knows this and if the bearz are smart he's f*cked, albeit they'll need to play fast and loose with their club for a wee while whilst Green threatens to play the Tesco-plus-attractive-flats card. Whyte knows that eventually the bearz will cave, to save their club, but won't be stung twice three times for a fourth time hence his timing now.

Edited by strachanmcgheegoal

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Sevco started up with no debt. What debt is this you speak of?

 

Sounds a lot like wishful thinking.

 

No they didn't.

 

The takeover completed based on a private loan that the club is obliged to pay.. Green made this clear during the takoever bid.

 

They are accruing new debts all the time due to the large expenditure of the club.

 

They have transfer debts still to pay to other football clubs I believe.

 

There is also the question of the ownership of the assets and the floating charges associated with those.

 

So no, they are definately not debt free in the true sense.

 

Let me put it this way if they have no debts building why have the share offer now? What is the money for?

They don't need to spend on facilities and can't buy players.

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They are also mooting the sale of the naming rights for sevconia so it's fairly obvious that, reading between the lines, they have some very serious problems with cashflow.

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Is this right then...

 

Green is effectively employed by Ticketus as ...Green is on the Newco board along with 2 Zeus Capital employees. Zeus Capital likely funded buying the club from Duff and Phelps and so Green is in effect the public face of Zeus Capital who now own Newco. Zeus Capital is part owned by Octopus who also happen to own Ticketus.

Ticketus have now paid out around

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Is this right then...

 

Green is effectively employed by Ticketus as ...Green is on the Newco board along with 2 Zeus Capital employees. Zeus Capital likely funded buying the club from Duff and Phelps and so Green is in effect the public face of Zeus Capital who now own Newco. Zeus Capital is part owned by Octopus who also happen to own Ticketus.

Ticketus have now paid out around

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