Once again in a desperate scramble for cash, with their hopes pinned on the 49ers Enterprises takeover, Rangers have taken out a loan against future transfer fees
But you're not reading between the lines. You're talking as if these directors will still be running the club in 6 months which they won't be. It's a non story
Bill, the 49ers group are still doing due diligence. They could still ultimately pull the plug on any deal - after all, the only side we have heard from to date is that of Dave King and elements within the Scottish MSM who have ties to some folk at Rangers. If the deal happens then money due from the transfer fees as part of the deal will still not go to Rangers, but if the deal doesn't go through then what? More share issues? There isn't a whole lot of sellable assets within the playing squad other than those I listed. It's far from a non story and I am giving my opinion at the end of the day, but I guess we shall just have to agree to disagree here.
Really? That's your take? You don't hide your Rangers hating agenda very well.
Rangers have been funded by their directors over the last few years, this loan is because they don't want to provide funding due to the impending takeover. Once the takeover is complete, the loan will be paid off. Anyone who has even the tiniest bit of business knowledge can see this
Hi Bill thank you for commenting. Unfortunately, your take is rather skewed - they have literally secured a loan from MacQuarie Bank against future transfer fees. So rather than Rangers paying MacQuarie Bank back the money, it is Parma and FC Twente that will do - along with any other instalments that are part of the deal.
Fully agree that the current Rangers board don't want to put any more money in and I have stated this - especially with the potential takeover on the horizon, if it happens, but just weeks after another share issue that generated £5 million - there is a real question mark over their financial mismanagement of the club and their reliance on soft loans every other month to keep the lights on.
Utter nonsense, the share issue is the directors converting their loans into equity, shares that will be bought in the takeover. And whilst the loan is secured against future transfer fees, it doesn't mean they have to wait for the transfer fees to pay off the loans. You're just trying to create a story that doesn't exist.
Bill the story is Rangers and their continued financial mismanagement and reliance on soft loans from Directors to fund the club as a going concern - and a loan facility akin to a Pay Day loan for businesses looking for cash quick. The likes of Villa, Palace and Wolves used it off the back of significant transfer deals to get the cash up front to fund their transfers they wanted in the door straight away rather than waiting until the instalments had been paid. And as I said before, it is reminiscent of the Ticketus debacle under Whyte and Close Brothers under Green. If only the club was run properly eh Bill?
But you're not reading between the lines. You're talking as if these directors will still be running the club in 6 months which they won't be. It's a non story
Bill, the 49ers group are still doing due diligence. They could still ultimately pull the plug on any deal - after all, the only side we have heard from to date is that of Dave King and elements within the Scottish MSM who have ties to some folk at Rangers. If the deal happens then money due from the transfer fees as part of the deal will still not go to Rangers, but if the deal doesn't go through then what? More share issues? There isn't a whole lot of sellable assets within the playing squad other than those I listed. It's far from a non story and I am giving my opinion at the end of the day, but I guess we shall just have to agree to disagree here.
Yeah your keep clutching at those straws
As I said Bill, we shall agree to disagree on this matter.
Really? That's your take? You don't hide your Rangers hating agenda very well.
Rangers have been funded by their directors over the last few years, this loan is because they don't want to provide funding due to the impending takeover. Once the takeover is complete, the loan will be paid off. Anyone who has even the tiniest bit of business knowledge can see this
Hi Bill thank you for commenting. Unfortunately, your take is rather skewed - they have literally secured a loan from MacQuarie Bank against future transfer fees. So rather than Rangers paying MacQuarie Bank back the money, it is Parma and FC Twente that will do - along with any other instalments that are part of the deal.
Fully agree that the current Rangers board don't want to put any more money in and I have stated this - especially with the potential takeover on the horizon, if it happens, but just weeks after another share issue that generated £5 million - there is a real question mark over their financial mismanagement of the club and their reliance on soft loans every other month to keep the lights on.
Utter nonsense, the share issue is the directors converting their loans into equity, shares that will be bought in the takeover. And whilst the loan is secured against future transfer fees, it doesn't mean they have to wait for the transfer fees to pay off the loans. You're just trying to create a story that doesn't exist.
Bill the story is Rangers and their continued financial mismanagement and reliance on soft loans from Directors to fund the club as a going concern - and a loan facility akin to a Pay Day loan for businesses looking for cash quick. The likes of Villa, Palace and Wolves used it off the back of significant transfer deals to get the cash up front to fund their transfers they wanted in the door straight away rather than waiting until the instalments had been paid. And as I said before, it is reminiscent of the Ticketus debacle under Whyte and Close Brothers under Green. If only the club was run properly eh Bill?