Rangers Liquidation

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tommaguzzi

tommaguzzi

Über Member
Location
County Durham
Ashley's latest 10 mill loan has now got him the training ground and even more commercial rights. He can already change Ibrox name to something like the sports direct mega arena any time he wants
He's got Rangers by the nuts now. No way can they pay it back, 3 mill of this new loan already has gone to pay back his previous loan!
Soon he will own the club. I just cannot understand what he wants it for.
 
U

User6179

Guest
tommaguzzi said:
Ashley's latest 10 mill loan has now got him the training ground and even more commercial rights. He can already change Ibrox name to something like the sports direct mega arena any time he wants
He's got Rangers by the nuts now. No way can they pay it back, 3 mill of this new loan already has gone to pay back his previous loan!
Soon he will own the club. I just cannot understand what he wants it for.
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The £7.6 million he got this year from Rangers merchandise , Rangers turns out actually lost money , we had to pay for him to close stores so the tiny profit we got was wiped out.
He gave up the naming rights so cant call ibrox anything , the loan will be paid asap as long as the current board are defeated in the EGM .
Money is not the problem , they are investors fighting to invest !
 
U

User6179

Guest
Brandane said:
Yet another asset stripping operation? There can't be many assets left by now.
Asda already have a site across the road, so it can't be that. Luxury flats with a big garden?
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Yep , This has been the plan from the start to strip every asset and leave the club at his mercy .
 
Joey Shabadoo

Joey Shabadoo

My pronouns are "He", "Him" and "buggerlugs"
AIUI, he's loaned £5m now with a promise of £5m more as and when necessary at his discretion. This money is used to repay his previous £3.2m loan (plus interest presumably) and today Rangers Retail paid a £1.4m dividend to Sports Direct. So for £400k he's got Murray Park, 2 Directors and a further 26% of Rangers Retail (taking him to circa 75% of that arm) all secured on future shirt sponsorship. All this on only 8.9% of the shares. If anyone wanted him out, the price to do so just went through the roof. Also as the major creditor, he controls the terms of any future CVA.

However, there's also the view that with full control he'll be able to do what he did at Newcastle. Invest just enough to get Rangers into the top league but then just keep them ticking over in mid table whilst he creams off the merchandising for years to come. The only thing of commercial value at clubs like Rangers is the sponsorship and merchandising and he's got both.
 
Pro Tour Punditry

Pro Tour Punditry

Guru
swl said:
AIUI, he's loaned £5m now with a promise of £5m more as and when necessary at his discretion. This money is used to repay his previous £3.2m loan (plus interest presumably) and today Rangers Retail paid a £1.4m dividend to Sports Direct. So for £400k he's got Murray Park, 2 Directors and a further 26% of Rangers Retail (taking him to circa 75% of that arm) all secured on future shirt sponsorship. All this on only 8.9% of the shares. If anyone wanted him out, the price to do so just went through the roof. Also as the major creditor, he controls the terms of any future CVA.

However, there's also the view that with full control he'll be able to do what he did at Newcastle. Invest just enough to get Rangers into the top league but then just keep them ticking over in mid table whilst he creams off the merchandising for years to come. The only thing of commercial value at clubs like Rangers is the sponsorship and merchandising and he's got both.
Click to expand...

Funny how it's only us trolls that realise all that.
 
Joey Shabadoo

Joey Shabadoo

My pronouns are "He", "Him" and "buggerlugs"
I presume the share price is going up because there is at least finance available now.
 
B

Brandane

Legendary Member
This photo of two old firm buddies appeared on another thread today:

inbreeding-1-400x499.jpg
 
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