rbr 1,270 Posted January 21, 2010 Share Posted January 21, 2010 Pretty sure RBR could verify this, this came from someone within the trust and another source as well. Dont bring me into this , seriously though from what I was told Lloyds have effective control over our future and Murray has no say in what direction we take . If a buyer meets LLoyds price whether that be the debt level or whatever then they get the club lock stock . Several RST board members have also stated this as well , whether this is actually the case only time will tell , I also have similar concerns over the shares as I have quite a few though in the bigger picture this means nothing . However with regards to Murray's other companies they are in serious trouble with one friend who is a senior surveyor of over 30 years in the "trade" stating he is amazed they have survived till now such is their debt . 0 Quote Link to post Share on other sites More sharing options...
rbr 1,270 Posted January 21, 2010 Share Posted January 21, 2010 This next bit I lifted from FF , the poster sccgers has been scarely good unfortunately and I have had a few pm with hi , he really nows his stuff . They forced the appointment of Muir onto Murray They forced Murray out the door - Tried to sack Bain and had a plan to oust the management all to save cash - The playing squad is to be cut to just 14 (FOURTEEN) first team players with the rest made up as youths They have slapped a transfer embargo on us, albeit bent only slightly to sign Rothen They have blocked us re-signing players which will cost us our best players The gudelines they have set are so downsizing we can't possibly go on and compete in years to come They have rejected a takeover big demanding they get full return of all the debt owed - every other business takeover hits a loss of around 40p in the �£1 - not Rangers, they are strangling us for every single bit One example of the Bank and Muir : (I have posted this before as has BB) The bank SACKED Martin Bain and Walter Smith/Management tendered their resignation in protest This was days before our Euro game against Seville and home to Hibs They backed down when they realised how we would react This isn't just bollocks and hear say - this is it in cold hard facts - The stuff they outlined is just ****ing scary 0 Quote Link to post Share on other sites More sharing options...
williamh 0 Posted January 22, 2010 Share Posted January 22, 2010 Are we any closer to a takeover or is it just names being threw about again. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted January 22, 2010 Share Posted January 22, 2010 Stuff is happening in the background but mainly still a stand-off between interested parties and the bank. 0 Quote Link to post Share on other sites More sharing options...
Stefanovitch 0 Posted January 22, 2010 Share Posted January 22, 2010 Stuff is happening in the background but mainly still a stand-off between interested parties and the bank. I read a post from scgers on FF and he was saying those involved are actively trying to reach a deal which may happen before the end of February. You get the feeling though that as soon as the club is sold the new owners are going to be under an enormous amount of pressure from supporters demanding to know what their plans are and can those plans be substained. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted January 22, 2010 Share Posted January 22, 2010 I'm going to try and write an article on this today.... The tactic of drip-feeding unsubstantiated info to people via unofficial fan forums may help to a degree but we need more credible ways of reaching the support than that. 0 Quote Link to post Share on other sites More sharing options...
maineflyer 0 Posted January 22, 2010 Share Posted January 22, 2010 I'm going to try and write an article on this today.... The tactic of drip-feeding unsubstantiated info to people via unofficial fan forums may help to a degree but we need more credible ways of reaching the support than that. Immediately breaking all promises ....... this is exactly why we need a functioning RST and why it's worth fighting to turn what we have at present into what we actually need. ..... and ..... sleep. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted January 22, 2010 Author Share Posted January 22, 2010 Calscot, as BdTS has said, there is a belief that Murray is in so much trouble financially that the bank have effective control over the Murray group and they just want rid of the financial exposure that Rangers give them and therefore are happy just to get rid of the debt at cost presumably and the shares for nothing. It should be remembered that Murray owns very few shares himself and if the bank have control over MIH then they could easily try and get rid of Rangers. they may not want the club owned with the risk of not winning the league, and the financial chaos that would bring. The last set of MIH accounts would certainly back up this argument, but the property market is improving and theyt have realised some cash from the sale of their Glasgow and therefore it MAY lessen the hold that Lloyds have over Murray. In your example, I guess that you are saying that the club is currently worth �£25m including the debt, so would someone not just buy the whole club for the �£25m and not just 50%? Ok that makes more sense and is a lot different to Murray's shares being "worth a �£1". It still doesn't sound like great financial sense as Rangers must be worth more than 27M even with the debt. Sounds like a bargain to me and it's a wonder there isn't a long queue of buyers that could buy 91% of a debt free Rangers for �£25, which would then instantly be worth at least �£40M. The likes of David King have put �£20M in before for a small share so why balk at the asking price for the lock, stock and barrel? It's a hell of a deal. Seems Lloyds are playing hardball just to get their money now even though most of the debt is a long term loan where the bank will make quite a bit in interest. It all seems a bit short-termism and not good business sense for a bank. It clarifies that 9% of the shares owned outside the Murray group stay intact and will actually be worth a lot more after the takeover - seems a good time to buy some shares. Is it not stock market rules that anyone bidding for over a certain percentage of shares MUST offer the same price to all other stock holders? However, as the value will rise with a debt free Rangers, it wouldn't be a good price. BTW I guesstimate Rangers as being worth in the region �£50M including the debt ie I see the club as worth about a net 20M at the moment and 50M if it is debt free - hence the 50% scenario. One thing is for sure, if what you say is correct, SDM has effectively castrated himself with his recent poor financial management. You have to wonder how he could have been so stupid... 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted January 22, 2010 Author Share Posted January 22, 2010 PS What is there to stop a consortium of say 4 buying the club for 6M each and then paying themselves say 600k a year each as executive board members? Seems that in 15 odd years, they'd have their cake as well as having eaten it. It's not much different to what the Glazers' are doing but in reverse - making the club pay for itself and so acquiring it effectively free. Maybe 4 of us should take that plan to a bank for a loan and use the wage to pay it back... 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted January 22, 2010 Share Posted January 22, 2010 PS What is there to stop a consortium of say 4 buying the club for 6M each and then paying themselves say 600k a year each as executive board members? Seems that in 15 odd years, they'd have their cake as well as having eaten it. It's not much different to what the Glazers' are doing but in reverse - making the club pay for itself and so acquiring it effectively free. Maybe 4 of us should take that plan to a bank for a loan and use the wage to pay it back... Nothing to stop them doing that. 0 Quote Link to post Share on other sites More sharing options...
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