54_and_counting Posted July 23, 2015 Share Posted July 23, 2015 I'm not sure whether you're serious or not (Joker gif, someone, please). You're going to run out of money SOONER this season than you did last. Given your indebtedness, your ST money might just about move you into a cost-neutral position til the end of this month or next but, after that, you're borrowing again - earlier than you did last season. ETA: you don't really think your benefactors are going to let their current loans ride, do you? They'll want the money back now so that they can be seen to lend it again next month. the ashley 5mill debt isnt being paid back anytime soon, the board have indicated so, and the rest of the 8mill debt is to the 3 bears and king who have both seemingly stated that the loans will be converted to equity in the next share issue so our current debt, is debt that will not be paid within the near future 0 Quote Link to comment Share on other sites More sharing options...
K Dodd Posted July 23, 2015 Share Posted July 23, 2015 If Ashley demands his 5 mill back, and Rangers refuse to give it back. Can he not just say, well I'll take the car park and the training ground that I have as security? Then charge rent for them to use them. I'm not sure how that works. Do they have to go into admin/liquidation before he can demand that, or can he take them to court and say they are not giving me my cash and I want my security instead? 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted July 23, 2015 Share Posted July 23, 2015 If Ashley demands his 5 mill back, and Rangers refuse to give it back. Can he not just say, well I'll take the car park and the training ground that I have as security? Then charge rent for them to use them. I'm not sure how that works. Do they have to go into admin/liquidation before he can demand that, or can he take them to court and say they are not giving me my cash and I want my security instead? Obviously I know a lot less about our finances than the supporters of other clubs who spend hours studying it. My impression, though, is that we haven't refused to repay Ashley's loan per se but, rather, are keeping to the terms of the original loan agreement. 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted July 23, 2015 Share Posted July 23, 2015 (edited) Obviously I know a lot less about our finances than the supporters of other clubs who spend hours studying it. My impression, though, is that we haven't refused to repay Ashley's loan per se but, rather, are keeping to the terms of the original loan agreement.true...but you're a fukin idiot.....The Newcastle United owner- who owns a nine percent shareholding in Rangers, insists that the loan he made was only designed as a short term loan facility and that the new Ibrox board should pay it in full immediately. Edited July 23, 2015 by THE KING 0 Quote Link to comment Share on other sites More sharing options...
K Dodd Posted July 23, 2015 Share Posted July 23, 2015 I never said they had refused. Th question was, if Ashley demands his cash back what happens? Can the board just indefinitely refuse to pay it back? Surely not. He's going to want it back sometime. And I kind of get the impression that he's not the sort of bloke to take no for an answer. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted July 23, 2015 Share Posted July 23, 2015 the ashley 5mill debt isnt being paid back anytime soon, the board have indicated so, and the rest of the 8mill debt is to the 3 bears and king who have both seemingly stated that the loans will be converted to equity in the next share issue so our current debt, is debt that will not be paid within the near future No? 0 Quote Link to comment Share on other sites More sharing options...
Myview Posted July 23, 2015 Share Posted July 23, 2015 Will this "inadequate budget" of Rangers be smaller than any other side's in the division? Why would it be necessary for either, let alone both of, Rangers and Hibs to achieve Hearts' level of consistency this time? Hearts' form last year up until when the title was sealed was truly remarkable, eclipsing that required by most title winning sides at this level, by miles. There is little doubt Rangers approx £2m budget? will be more than other clubs. However no disrespect to other clubs if fans were asked the vast majority would say Hibs are the team they have to top to win the Championship. Last season Hearts budget was I assume not near to Rangers £6/7m but that didn't matter as they had a better squad mostly already in place and as I have already said it was no surprise to me that the comfortably won the Championship. I see Hibs similiar with many of this season's players in place from last season tho I admit not as strong therefore will not be as consistent. I do take your point Hearts consistency was remarkable and probably Rangers, Hibs or the eventual winners of this years Championship will not reach Hearts points total. We will have to wait and see. 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted July 23, 2015 Share Posted July 23, 2015 There is little doubt Rangers approx £2m budget? will be more than other clubs. However no disrespect to other clubs if fans were asked the vast majority would say Hibs are the team they have to top to win the Championship. Last season Hearts budget was I assume not near to Rangers £6/7m but that didn't matter as they had a better squad mostly already in place and as I have already said it was no surprise to me that the comfortably won the Championship. I see Hibs similiar with many of this season's players in place from last season tho I admit not as strong therefore will not be as consistent. I do take your point Hearts consistency was remarkable and probably Rangers, Hibs or the eventual winners of this years Championship will not reach Hearts points total. We will have to wait and see. Fukin hell Tedi ..its all go tonight! 0 Quote Link to comment Share on other sites More sharing options...
54_and_counting Posted July 23, 2015 Share Posted July 23, 2015 No? seems not to be, he called the EGM and then didnt show or send even a rep if ashley wanted his money he'd have asked for it by now, and even then with no repayment date king and mini murray seem to think they can simply tell him to f**k off until it suits them, wether thats true or not we can only guess, but to this point ashley hasnt asked for it back yet (trust me we'd know from king's lapdogs) 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted July 23, 2015 Share Posted July 23, 2015 http://www.skysports.com/watch/video/sports/football/9922174/neill-backs-kings-proposal So desperate for cash they....... Jesus Christ. Their fans' reps are invariably utter simpletons. "Mike Ashley needs to get in touch with Dave King". Seriously, you could not make this shit up. "Mike Ashley could be part of the world's most successful club" - a line delivered without irony or blushing. What a spectacular thicko! 0 Quote Link to comment Share on other sites More sharing options...
sugna Posted July 23, 2015 Author Share Posted July 23, 2015 the ashley 5mill debt isnt being paid back anytime soon, the board have indicated so, and the rest of the 8mill debt is to the 3 bears and king who have both seemingly stated that the loans will be converted to equity in the next share issue so our current debt, is debt that will not be paid within the near future That sort of thinking would worry me. There's a club currently in liquidation predicated on loans that were not intended to be paid back.(It might be time to stop presenting statements from Dave King or his environs as any sort of evidence; because of, you know, that lying thing that he does.) 0 Quote Link to comment Share on other sites More sharing options...
Njord Posted July 23, 2015 Share Posted July 23, 2015 the ashley 5mill debt isnt being paid back anytime soon, the board have indicated so, and the rest of the 8mill debt is to the 3 bears and king who have both seemingly stated that the loans will be converted to equity in the next share issue so our current debt, is debt that will not be paid within the near future Oh, small point of order. Debt for equity won't be through another share issue, they need mike and his cohorts %'s to force that one through 0 Quote Link to comment Share on other sites More sharing options...
sugna Posted July 23, 2015 Author Share Posted July 23, 2015 Debt for equity won't be through another share issue, they need mike and his cohorts %'s to force that one through It's conceivable that Ashley might go along with this - but it's clear in any case that he has the whip hand and the change of board has put the club even further into his power. He no longer has to bully the club, they are desperate to get him on-side and I would expect further talking-up of the retail side as well as probably taking further loans.It's perhaps worth comparing the scenarios of paying back versus converting to equity: in the most important sense these are equivalent, as in both cases funds available following a fantastically successful share/rights issue are exactly the same - the net amount raised less the value of the loans. 0 Quote Link to comment Share on other sites More sharing options...
54_and_counting Posted July 24, 2015 Share Posted July 24, 2015 Oh, small point of order. Debt for equity won't be through another share issue, they need mike and his cohorts %'s to force that one through It was already voted through at the last AGM, and even if it wasnt, to allow current shareholders to buy more shares in an issue only required a 51% yes vote of shareholders which king probably has backing him 0 Quote Link to comment Share on other sites More sharing options...
54_and_counting Posted July 24, 2015 Share Posted July 24, 2015 That sort of thinking would worry me. There's a club currently in liquidation predicated on loans that were not intended to be paid back. (It might be time to stop presenting statements from Dave King or his environs as any sort of evidence; because of, you know, that lying thing that he does.) He's not my choice and not paying back the 5 mill isnt my favourite course of action either 0 Quote Link to comment Share on other sites More sharing options...
54_and_counting Posted July 24, 2015 Share Posted July 24, 2015 true...but you're a fukin idiot..... The Newcastle United owner- who owns a nine percent shareholding in Rangers, insists that the loan he made was only designed as a short term loan facility and that the new Ibrox board should pay it in full immediately. A loan designed as a short term facility, but no repayment date attatched to said loan Hmmmmm 0 Quote Link to comment Share on other sites More sharing options...
Jimbo Jagsfan Posted July 24, 2015 Share Posted July 24, 2015 (edited) If The Rangers don't pay back the £5 mill then SD keeps the extra percentages of the shirt sales etc. Dodgy Dave is now encouraging the Bears to buy merchandise, as even although SD will get most of the profits, The Rangers will get something. Mike may not ask for his dosh back yet, just think of all the money to be made from the sale of the new season's strips, including the nice purple one! Edited July 24, 2015 by Jimbo Jagsfan 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted July 24, 2015 Share Posted July 24, 2015 Not that much to be made from shirt sales due to certain conditions which Cannae be mentioned. 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted July 24, 2015 Share Posted July 24, 2015 Oh, small point of order. Debt for equity won't be through another share issue, they need mike and his cohorts %'s to force that one through Not any more. That's one of the "benefits" of delisting 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted July 24, 2015 Share Posted July 24, 2015 Can Tedi tell us what mechanism King will use to invest? Since he's been telling us for the last few weeks that he has no mechanism to invest. 0 Quote Link to comment Share on other sites More sharing options...
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