The Official Glasgow Rangers Thread

The Official Glasgow Rangers Thread

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Terzo123

4,302 posts

207 months

Thursday 11th October 2012
quotequote all
simonjunior831 said:
ah i see the great obsessed are still lurking.
Awesome retort my good man.

Robsti

12,241 posts

205 months

Thursday 11th October 2012
quotequote all
Could someone explain to me why the administrators could only raise £5.5 million for the whole of rangers when Chucky is trying to raise £20 million for part of a club he paid £5.5 million for?


simoid

19,772 posts

157 months

Thursday 11th October 2012
quotequote all
Robsti said:
Could someone explain to me why the administrators could only raise £5.5 million for the whole of rangers when Chucky is trying to raise £20 million for part of a club he paid £5.5 million for?
Green took the risk that Rangers might be totally fecked, not get in a league, no fans would turn up, club would have no source of income for the foreseeable future, etc.

Now it's quite clear the club will (probably smile) exist and have income for a few years, they're worth a bit more.

Terzo123

4,302 posts

207 months

Thursday 11th October 2012
quotequote all
simoid said:
Green took the risk that Rangers might be totally fecked, not get in a league, no fans would turn up, club would have no source of income for the foreseeable future, etc.
Not that much of a risk, when you pay 5.5 million for assets worth considerably more.

I believe that is another thing that is to be investigated by BDO

And did Green actually pay 5.5 million, was it not a group of unnamed investors, with Green acting as the front.

Robsti

12,241 posts

205 months

Thursday 11th October 2012
quotequote all
simoid said:
Robsti said:
Could someone explain to me why the administrators could only raise £5.5 million for the whole of rangers when Chucky is trying to raise £20 million for part of a club he paid £5.5 million for?
Green took the risk that Rangers might be totally fecked, not get in a league, no fans would turn up, club would have no source of income for the foreseeable future, etc.

Now it's quite clear the club will (probably smile) exist and have income for a few years, they're worth a bit more.
I especially like the quote in the prospectus that "rangers are a debt free club"! rolleyes

Robsti

12,241 posts

205 months

Thursday 11th October 2012
quotequote all
On Sky sports news Chucky tells everyone that rangers are unique in the fact they have no borrow ins and no debt!

Has the man no shame? Even Sally sitting beside him like a Budda was fidgeting when he heard that! rofl

simoid

19,772 posts

157 months

Thursday 11th October 2012
quotequote all
doogz said:
simoid said:
Does the transfer window shut on Saturday 31st August or Monday 2nd September next year?

Genuine question, I remember it being delayed for a bank holiday or something a couple of years ago.

Anyway Rangers will be able to sign free agents in less than a year so talk of "2 years' time" is slightly inaccurate.
Doesn't the ban include the september 2013 window. I'm pretty sure I heard it discussed and the earliest they can sign anyone is january 2014.
It was a 12 month transfer ban, beginning on 1st September 2012, so AIUI ending at midnight between 31/8/2013 and 1/9/2013, in which case Rangers can sign free agents on 1st September 2013 (providing they left their club before the end of that summer transfer window).

There can be exceptions to the "31st August" end of transfer window, I'm not sure if the fact that it falls on a Saturday will mean an extension to said window.

Edited by simoid on Thursday 11th October 19:14

simonjunior831

133 posts

138 months

Thursday 11th October 2012
quotequote all
Terzo123 said:
simonjunior831 said:
ah i see the great obsessed are still lurking.
Awesome retort my good man.
still proving me right all the same

Robsti

12,241 posts

205 months

Friday 12th October 2012
quotequote all
doogz said:
Thing is, he's right. He came in, put a wad of cash into a new company and bought a stadium, and a bunch of other stuff, and has since been paying everyone he should be paying.

What shame should he have? What has he done wrong?
Well if you can't figure that out for yourself and you can't see what he is doing to rangers then you are as big a fool as anybody who would part with money for "newco" shares!

simoid

19,772 posts

157 months

Friday 12th October 2012
quotequote all
Give us a clue, Rob.

simoid

19,772 posts

157 months

Friday 12th October 2012
quotequote all
Heaven forbid, the man might actually make some money for him and others for stabilising a failed company.

Robsti

12,241 posts

205 months

Friday 12th October 2012
quotequote all
22 million plus shares have already been issued to investors and another 20 odd million due to be offered on AIM with Chucky valuing them in the region o £1 that values the club at £42 million plus if they don't issue any more shares!

"make a little money". roflrofl

Fools and their money are easily parted! wink

simoid

19,772 posts

157 months

Friday 12th October 2012
quotequote all
We do live in a capitalist society, you know. He's spotted an opportunity for making some money and has grabbed it:

Football fans and their money are easily parted.

Robsti

12,241 posts

205 months

Friday 12th October 2012
quotequote all
simoid said:
We do live in a capitalist society, you know. He's spotted an opportunity for making some money and has grabbed it:

Football fans and their money are easily parted.
No issue with making money but please explain to me why the club was sold for so little when braking up the assets would have given the creditors more?

The sole reason for administrators is to maximise money for creditors and I believe this was not done and as the main creditor was the taxman (everyone) then if any shady underhanded dealings should be investigated and punished.

simoid

19,772 posts

157 months

Friday 12th October 2012
quotequote all
Robsti said:
No issue with making money...
Sure about that?

Robsti said:
...but please explain to me why the club was sold for so little when braking up the assets would have given the creditors more?
What assets? A 50000 seat football stadium without a club, a training complex that can't have houses built on it...? Some players who would go for free transfers?! Rangers' (as well as most other football clubs) main asset is the commercial potential of the fanbase, NOT bricks and mortar which would've been little use to anyone. Green took a huge gamble, hoping that the fans would support the club through his new company, that's why it was 'sold for so little'. Now they have a more possible path to success and commercial viability, he's allowing others to take a less risky gamble for more money.

Robsti said:
The sole reason for administrators is to maximise money for creditors and I believe this was not done and as the main creditor was the taxman (everyone) then if any shady underhanded dealings should be investigated and punished.
That you off with unsunstantiated allegations again? I'd also hope that criminal activity is punished, if that's what you're on about.

Robsti

12,241 posts

205 months

Friday 12th October 2012
quotequote all
simoid said:
That you off with unsunstantiated allegations again? I'd also hope that criminal activity is punished, if that's what you're on about.
Who's making allegations? Can you read?

As for Chucky taking a risk, how much of his own money is invested?

Edited by Robsti on Friday 12th October 12:51

simoid

19,772 posts

157 months

Friday 12th October 2012
quotequote all
What's this, then?

Robsti said:
The sole reason for administrators is to maximise money for creditors and I believe this was not done and as the main creditor was the taxman (everyone) then if any shady underhanded dealings should be investigated and punished.

Robsti

12,241 posts

205 months

Friday 12th October 2012
quotequote all
simoid said:
"IF"

simoid

19,772 posts

157 months

Friday 12th October 2012
quotequote all
It's clear that you believe the administrators didn't do their job properly.

Robsti

12,241 posts

205 months

Friday 12th October 2012
quotequote all
simoid said:
It's clear that you believe the administrators didn't do their job properly.
What is clear that they ran the club at a £4 million loss and their bill was £3.5 million and they sold the club for £5.5 million!

wink
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