forlanssister

Thomson now casting doubt on exactly how much cash was raised. http://blogs.channel4.com/alex-thomsons-view/rangers-public-wrangle-400000/4098#more-4098

Imran's loan was for the £200k exclusivity fee, check the date given in the prospectus. Stockbridge's overnight loan however shines a light on how serious the cash flow was and how close the shit came to hitting the fan.

The bottom of page 10.

They didn't even cover the £200k "exclusivity fee" that's where Ahmed's infamous £200k loan came into play !

Not sure it's all a bit confusing.

There's not, though there is a court case pertaining to the fact that the Whyte deal denied RFC plc £25m of investment via Paul Murray's recapitalisation plan.

To be fair he did try to collect money from peoples bank accounts through direct debits when he legally had no mandate to do so. There's a difference all right though there are parallels and I can see gs's point of view, however I do not think it can be proven that either Whyte or Green used "financial assistance" which is using the companies own funds to fund its purchase which as you state correctly is illegal, though I don't think there is any doubt that the fans have effectively bought the club twice in the last two years. One thing's for sure Green or perhaps rather Ahmed is far smarter than Whyte.

It seems Whyte is back on the takeover trail. http://www.route-one.net/issues/473/index.html#/10/ Open and scroll down to the bottom. Bit of a sloppy article though linking him to Capital Shopping Centres plc in much the same way the Record did when trumpeting him as a billionaire.

Even if it was merely a "tidying up exercise" which I'm far from certain it was, a simple statement explaining it would have avoided any doubt. I note he's still listed as a director of RIFC plc. From the prospectus it's not entirely crystal clear what's relevant or no, but it appears there's a gagging clause which may explain Murray's silence but then again there may be nothing untoward in the situation but given the Record earlier this week we don't know.

Traynor finds his balls!

Official Related Documents 20 Dec 2012 TM01 - Ending appointment as Director APPOINTMENT TERMINATED, DIRECTOR MALCOLM MURRAY http://www.companiesintheuk.co.uk/directors/the-rangers-football-club Hours after the share issue closed.....

Are you the bastard son of Charles Green? It would explain a lot.

Perhaps someone can ask him why it was never announced that on December 20th 2012 Malcolm Murray was either sacked or resigned as a director of Rangers Football Club?

That's simply bullshit, in 2010 Everton alone had gate receipts of £19.2m and commercial income of £9.7m.

For what it's worth when Duff and Phelps set the first deadline for interested parties Whyte told them he'd sell the shares to any of the bidders except the German bid.

Quid pro quo.

And putting 16 shares in someone else's hand does what to his goal of taking over the club?

Usmanov is not Arsenal though is he?

Oh but he has! He has options to the value of 200% of salary, it's not clear if that's 200% of £360k or 200% of £720k.

Let's hope he gets a better response from Cameron than I have in regards to the letters I've written to Green in that regard. It's inevitable that one day it will actually become true! Let's hope they film the full session and order every member of the coaching staff to watch it in the flesh. How can Arsenal hand them back, they never bought them?

Mandy Rice Davies springs to mind!

Put any frock you want on it but it still has to be repaid and however my horrendously expensive accountant describes it to me it's still a debt with my name on the papers.

Not necessarily, if as stated it's in regards to Arif Naqvi and Abraaj Capital then that investment never materialised. Begs the question how closely Duff and Phelps looked at the proof of funds? No there's nothing wrong with a bit of borrowing my own business needs to borrow to function properly, but I've never claimed my business was "debt free" when it patently wasn't.

It would be interesting to know the exact terms of what the deal with Orlit was and when it was entered into because it looks like Duff and Phelps may have accepted a bid that at the time may not actually have been fully funded. Was the proof of funds a case of deja vu?

Can't that pic was from a link from an RST tweet.