kiddy Posted December 13, 2018 Share Posted December 13, 2018 14 million, that's some quantum. 1 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted December 13, 2018 Share Posted December 13, 2018 I don't follow this story closely but as far as I understand Rangers are continuing to spend more money than they are taking in and running up more and more debt My question is "Who keeps lending them money?" 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted December 13, 2018 Share Posted December 13, 2018 I would also like to know the answer to this question. What is the end game? They aren't going to beat Celtic to the title so Chumpions League money isn't on the radar for the foreseeable future. 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted December 13, 2018 Share Posted December 13, 2018 On 08/12/2018 at 21:05, Dindeleux said: The death of Rangers must’ve been the best thing that ever happened to Div. Much money do you think that death has made him? Enough to buy Sevco using Dave King as a cat's paw and run it into the ground again. King did say that some of the share holders were hardened criminals... Sounds like Div 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted December 13, 2018 Share Posted December 13, 2018 3 hours ago, nsr said: I would also like to know the answer to this question. What is the end game? They aren't going to beat Celtic to the title so Chumpions League money isn't on the radar for the foreseeable future. The end game is liquidation two. 1 Quote Link to comment Share on other sites More sharing options...
nsr Posted December 13, 2018 Share Posted December 13, 2018 25 minutes ago, Insaintee said: The end game is liquidation two. Well hopefully, but I mean from their perspective. The Hunnic hordes are too thick to see beyond "us v thame" but what exactly is Dave King for instance hoping to get out of this? Is there a scenario where he makes a lot of money out of his ongoing involvement with The The The The The The The The Rangers? 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted December 17, 2018 Share Posted December 17, 2018 On 13/12/2018 at 11:39, nsr said: I would also like to know the answer to this question. What is the end game? They aren't going to beat Celtic to the title so Chumpions League money isn't on the radar for the foreseeable future. Fully expect Sevco to throw the kitchen sink at stopping Celtic winning 9 and 10. Where this money will come from is of course anyones guess but I can see the debt being through the roof by summer 2020. The fun part is what happens next ... Whether Sevco stop Celtic or not the bill for trying needs paid and if the plan is to use Champions league money to balance the books then King is in for a fright. Qualifying for the tournament is harder than ever and I can't see Sevco making the necessary millions from it even if they managed. 3 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted December 18, 2018 Share Posted December 18, 2018 On 17/12/2018 at 09:14, Gaz FFC said: Fully expect Sevco to throw the kitchen sink at stopping Celtic winning 9 and 10. Where this money will come from is of course anyones guess but I can see the debt being through the roof by summer 2020. The fun part is what happens next ... Whether Sevco stop Celtic or not the bill for trying needs paid and if the plan is to use Champions league money to balance the books then King is in for a fright. Qualifying for the tournament is harder than ever and I can't see Sevco making the necessary millions from it even if they managed. It's the ideal scenario for King. **** despertate to stop Celtic stuff money in his back pocket. He of course takes his cut, then things go tits up L2 no one gets paid anything. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted December 19, 2018 Share Posted December 19, 2018 20 hours ago, Insaintee said: It's the ideal scenario for King. **** despertate to stop Celtic stuff money in his back pocket. He of course takes his cut, then things go tits up L2 no one gets paid anything. Maybe I'm missing something obvious but how does King make any money out of this, unless he manages to sell off Ibrox and the fabled Albion car park, and disappear off into the veldts where no Hunnic personages can reach him? 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted December 19, 2018 Share Posted December 19, 2018 Basically two ways 1/ he uses The Rangers as a front to move money out of South Africa as he did previously 2/None of his personal money goes into the club (only trust money) he takes a percentage of this. Ideally he gets others to invest. The more the merrier and goes on a spending spree. With various kick backs going his way. Then when it collapses he keeps his "fees" without having to repay anything 0 Quote Link to comment Share on other sites More sharing options...
Jacksgranda Posted December 19, 2018 Share Posted December 19, 2018 On 11/12/2018 at 22:07, nsr said: A post with a mistake in every single word. Could be a genuine Sevconian or a cunning plant. Ally's your man to ask about that... 1 Quote Link to comment Share on other sites More sharing options...
nsr Posted December 19, 2018 Share Posted December 19, 2018 15 minutes ago, Insaintee said: Basically two ways 1/ he uses The Rangers as a front to move money out of South Africa as he did previously 2/None of his personal money goes into the club (only trust money) he takes a percentage of this. Ideally he gets others to invest. The more the merrier and goes on a spending spree. With various kick backs going his way. Then when it collapses he keeps his "fees" without having to repay anything Cheers. Do either of these two scenarios end well for The The The Rangers? 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted December 19, 2018 Share Posted December 19, 2018 1 minute ago, nsr said: Cheers. Do either of these two scenarios end well for The The The Rangers? No 2 Quote Link to comment Share on other sites More sharing options...
Iabella Duke Posted December 20, 2018 Share Posted December 20, 2018 On 13/12/2018 at 14:56, Insaintee said: The end game is liquidation two. A club can only be liquidated once. 1 Quote Link to comment Share on other sites More sharing options...
Iabella Duke Posted December 20, 2018 Share Posted December 20, 2018 On 18/11/2018 at 23:07, The_Kincardine said: There really is no need to define 'club' - we all know what it is. We also all know that it is separate from its associated commercial entity. Can anyone reasonably contest this? No it isn't and yes. 3 Quote Link to comment Share on other sites More sharing options...
kiddy Posted December 21, 2018 Share Posted December 21, 2018 A club can only be liquidated once. [emoji6]& it's still to complete that act, in its first instance.[emoji6] Here's the latest.Report to Creditors 7 December 2018https://www.bdo.co.uk/getmedia/358d98a8-bca4-42b1-b3b6-c31960c0d22a/RFC-2012-Plc-annual-progress-report-to-30-October-2018.pdf.aspx 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted December 28, 2018 Share Posted December 28, 2018 HMV calls in administrators for second time in six years. Oh dear. 0 Quote Link to comment Share on other sites More sharing options...
grumswall Posted December 28, 2018 Share Posted December 28, 2018 HMV calls in administrators for second time in six years. Oh dear. Think your looking for the big hmv admin/liquidation thread. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted December 28, 2018 Share Posted December 28, 2018 4 minutes ago, grumswall said: 4 hours ago, cyderspaceman said: HMV calls in administrators for second time in six years. Oh dear. Think your looking for the big hmv admin/liquidation thread. you're 0 Quote Link to comment Share on other sites More sharing options...
dardo Posted December 29, 2018 Share Posted December 29, 2018 HMV Then HMV Now HMV Forever 2 Quote Link to comment Share on other sites More sharing options...
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