Daydream Posted March 28, 2020 Share Posted March 28, 2020 Rangers* are too big to go bust. Oh wait 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 28, 2020 Share Posted March 28, 2020 13 minutes ago, RandomGuy. said: His departure was meant to be coming at the same time as "significant investment", which would be enough to cover the £10m deficit in their accounts to see out the season. King has now walked away, the investors from Hong Kong have pulled out, and the £10m black hole still exists. Random guy must've missed the pandemic which has been ravaging almost every country in the world. 0 Quote Link to comment Share on other sites More sharing options...
Dons_1988 Posted March 28, 2020 Share Posted March 28, 2020 Random guy must've missed the pandemic which has been ravaging almost every country in the world. His full title is randomguy ACA 0 Quote Link to comment Share on other sites More sharing options...
RandomGuy. Posted March 28, 2020 Share Posted March 28, 2020 8 minutes ago, bennett said: Random guy must've missed the pandemic which has been ravaging almost every country in the world. Well yes, the global pandemic that's seen every businessman on the planet refuse to gamble any money. Which is why your prospective investor has pulled out, and why you cant rely on his money to get you through the year. 1 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 28, 2020 Share Posted March 28, 2020 6 minutes ago, RandomGuy. said: Well yes, the global pandemic that's seen every businessman on the planet refuse to gamble any money. Which is why your prospective investor has pulled out, and why you cant rely on his money to get you through the year. Has he actually pulled out? The reports I've read is that it's currently on hold, not that big a shock really considering what's going on. You may well be right about it but luckily its covered for now " Bennett joined the RIFC board in March 2015 as part of the regime change when he invested substantial funds in Rangers. His consistent investment in the club is set to continue, with further funding in the coming months" I can't see any additional investment being in place for next season though, also can't see clubs willing to spend that much on signing players too. 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted March 28, 2020 Author Share Posted March 28, 2020 16 hours ago, Monkey Tennis said: The worrying part for you must be that Bennett would be one of the more reputable figures to be involved in the governance of the club over recent years. Me? Worried?? We've exchanged remarks for close to a decade and I have never expressed one scintilla of worry. Why should I start now? 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted March 29, 2020 Share Posted March 29, 2020 7 hours ago, The_Kincardine said: Me? Worried?? We've exchanged remarks for close to a decade and I have never expressed one scintilla of worry. Why should I start now? I didn't suggest that you've expressed worry; merely that you experience it. 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted March 29, 2020 Share Posted March 29, 2020 (edited) On 28/03/2020 at 18:18, bennett said: Has he actually pulled out? Quote I get asked that all the time ETA and usually I have ETA Honest Edited March 29, 2020 by Insaintee 1 Quote Link to comment Share on other sites More sharing options...
Derry Alli Posted March 29, 2020 Share Posted March 29, 2020 (edited) Looks like a few folk getting excited on Twitter about the group who own Liverpool looking into buying Rangers. Edited March 29, 2020 by Dele 0 Quote Link to comment Share on other sites More sharing options...
Snifter Pee Rot Posted March 29, 2020 Share Posted March 29, 2020 19 minutes ago, Dele said: Looks like a few folk getting excited on Twitter about the group who own Liverpool looking into buying Rangers. A drowning man will clutch at straws. 0 Quote Link to comment Share on other sites More sharing options...
weetoonlad Posted March 31, 2020 Share Posted March 31, 2020 A drowning man will clutch at straws. Jim McColl had the chance to buy the club at Penny's refused . hes a Blower Sent from my Samsung gold 10 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 31, 2020 Share Posted March 31, 2020 1 hour ago, weetoonlad said: Jim McColl had the chance to buy the club at Penny's refused . hes a Blower Sent from my Samsung gold 10 The Sevgrove gardens? 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted March 31, 2020 Share Posted March 31, 2020 The Sevgrove gardens? Well maintained by number of those that were on gardening leave previously 1 Quote Link to comment Share on other sites More sharing options...
ewan14 Posted March 31, 2020 Share Posted March 31, 2020 On 28/03/2020 at 17:32, RandomGuy. said: His departure was meant to be coming at the same time as "significant investment", which would be enough to cover the £10m deficit in their accounts to see out the season. King has now walked away, the investors from Hong Kong have pulled out, and the £10m black hole still exists. King has ####ed them up big time , hooray ! 0 Quote Link to comment Share on other sites More sharing options...
CambieBud Posted April 1, 2020 Share Posted April 1, 2020 King has ####ed them up big time , hooray !I assume King still has quadrillions of those penny shares? Has anyone bought them from him? If not, he is still in charge as he is majority shareholder 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted April 1, 2020 Author Share Posted April 1, 2020 2 minutes ago, CambieBud said: I assume King still has quadrillions of those penny shares? Has anyone bought them from him? If not, he is still in charge as he is majority shareholder He isn't. We don't have a majority shareholder though he has the largest number. 1 Quote Link to comment Share on other sites More sharing options...
CambieBud Posted April 2, 2020 Share Posted April 2, 2020 He isn't. We don't have a majority shareholder though he has the largest number.Thanks Kinky, I was just thinking out loud. The shares situation at your club seems bizarre from the outside. A pal of mine has shared which he says are virtually worthless but he says that there are 10s of millions of these in circulation due to continuous new issues over the years. It will be very difficult for an outsider to buy control of them? 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted April 2, 2020 Author Share Posted April 2, 2020 3 hours ago, CambieBud said: Thanks Kinky, I was just thinking out loud. The shares situation at your club seems bizarre from the outside. A pal of mine has shared which he says are virtually worthless but he says that there are 10s of millions of these in circulation due to continuous new issues over the years. It will be very difficult for an outsider to buy control of them? I don't think we're much different to some other clubs. I seem to remember Tom Farmer having 10s of millions of Hibs shares and I'm sure the number of shares Wiggy had at Aberdeen ran in to the millions. I just had a keek and Desmond owns 10s of millions of Celtic shares and they have four different share classes with close to a billion shares issued. Our share structure is simple in comparison. Thanks for your concern, though. I trust you'll go to other teams' threads and question their shareholding structures. 2 Quote Link to comment Share on other sites More sharing options...
red23 Posted April 4, 2020 Share Posted April 4, 2020 (edited) Each day that goes by where Rangers wait for Celtic to cut wages first in a desperate game of one-upmanship, drives them deeper and deeper in to debt. This will be tasty - make no mistake about that. Edited April 4, 2020 by red23 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 4, 2020 Share Posted April 4, 2020 That's a familiar style of sevcoing.... 0 Quote Link to comment Share on other sites More sharing options...
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