calscot 0 Posted March 16, 2010 Share Posted March 16, 2010 It's obvious that Murray will make the ultimate decision for the sale as he owns the shares but that does not mean he is not heavily influenced by others with leverage. You may have the decision about whether you sell your car and for how much but if you owe a loan shark some money and he's threatening to break your legs, that may influence your decision somewhat if an offer comes in... 0 Quote Link to post Share on other sites More sharing options...
wabashcannonball 0 Posted March 16, 2010 Author Share Posted March 16, 2010 It's obvious that Murray will make the ultimate decision for the sale as he owns the shares but that does not mean he is not heavily influenced by others with leverage. You may have the decision about whether you sell your car and for how much but if you owe a loan shark some money and he's threatening to break your legs, that may influence your decision somewhat if an offer comes in... You do see the contradiction. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 16, 2010 Share Posted March 16, 2010 2. Why did Johnston grant an interview to Spiers of all people? . Unless Spiers tricked AJ or his secretary as to his identity, then it would appear that AJ has no beef with him which raises a number of questions, although they're maybe not questions for this thread. Just how out of touch are our 'club guardians'? . Spiers thought provokingly starts the article by inadvertently suggesting that it requires rain to be falling both here in Glasgow and across the pond outside AJ's office window for our Chairman to think of Rangers. Sneaky Britney at his best and no doubt a gross exaggeration, but just how gross? 0 Quote Link to post Share on other sites More sharing options...
Jim White 0 Posted March 16, 2010 Share Posted March 16, 2010 Alastair Johnston is determined to prevent Rangers being saddled with debt by potential new owners. More... 0 Quote Link to post Share on other sites More sharing options...
wabashcannonball 0 Posted March 16, 2010 Author Share Posted March 16, 2010 (edited) I think we might have done that bit, it would be cool if someone could tell us exactly how our chairman is going to prevent anything. http://sport.stv.tv/football/scottish-premier/rangers/163852-rangers-takeover-talk-raises-all-sorts-of-questions/ Edited March 16, 2010 by wabashcannonball 0 Quote Link to post Share on other sites More sharing options...
maineflyer 0 Posted March 16, 2010 Share Posted March 16, 2010 It's obvious that Murray will make the ultimate decision for the sale as he owns the shares but that does not mean he is not heavily influenced by others with leverage. You may have the decision about whether you sell your car and for how much but if you owe a loan shark some money and he's threatening to break your legs, that may influence your decision somewhat if an offer comes in... I'm not sure there are any others with leverage. An opinion yes, but actual leverage, doubtful. I think the board may have tried to use the bank as leverage on Murray but that didn't work. I'm convinced the bogie man is still out their, alive and well and sitting in an Edinburgh office. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 16, 2010 Share Posted March 16, 2010 Some of you might have already read this, but it's worth posting anyway - Here's a conspiracy theory and a half. MIH has, as you say, been writing down the value of the RFC investment over a number of years. There was still a value carried at 30 January 2008 (can't recall how much). As we draw close to 30 April (the filing deadline for MIH's 30 June 2009 Accounts) if RFC had been sold for �£1 before the MIH Accounts are signed off, there will be a final, big provision required - maybe sufficient to make MIH's balance sheet bust. The same may be true if RFC is not sold by the time MIH's Accounts are signed off but the speculation/markets seemed to value the shares at �£1 (i.e. get RFC for the amount of the debt alone). How convenient would it be for some unknown guy to come out the woodwork and suddenly be offering >�£30m for the shares? No-one seemed interested in paying even 100% of the debt (the supposed �£18m 'offer') - but suddenly someone will take on 100% of the debt AND pay >�£30m for the shares! So the RFC investment in MIH's Accounts doesn't need to be written down so much - and this might, just might, keep the MIH balance sheet solvent. ----> SDM happy as buys him time, Lloyds happy enough for now, Muir happy as short term mission accomplished, RFC board not unhappy as parent undertaking not insolvent, Ellis happy as paid for his troubles. And nobody tell me that SDM would never pull a stunt like that ... 0 Quote Link to post Share on other sites More sharing options...
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