wabashcannonball 0 Posted April 30, 2010 Share Posted April 30, 2010 (edited) Demise of MIH greatly exagerated, the tax matter has been in the Scotsman downgraded to inquiry, as opposed to pending court case.....maybe we will be able to get back to the core business shortly ...fitba...:spl: http://www.heraldscotland.com/news/home-news/bank-s-150m-to-shore-up-murray-empire-1.1024189 ETA....that is because there never was a pending court case against the club. Edited April 30, 2010 by wabashcannonball 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,677 Posted April 30, 2010 Share Posted April 30, 2010 I'll allow our finance experts to give their opinions but the news seems reasonably positive.... 0 Quote Link to post Share on other sites More sharing options...
rbr 1,270 Posted April 30, 2010 Share Posted April 30, 2010 (edited) He doesn't say anything that isn't bloody obvious , and the Rangers had a bad year oh my sides !!! just about every year under Murray is a bad year Edited April 30, 2010 by rbr 0 Quote Link to post Share on other sites More sharing options...
wabashcannonball 0 Posted April 30, 2010 Author Share Posted April 30, 2010 What is very obvious RBR, for good or bad, is that he SDM is very far from finished, the next few months could be very lively or very dead, hard to say at the moment. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted April 30, 2010 Share Posted April 30, 2010 Rangers owner Sir David Murray tells Ibrox sale critics to 'put up or shut up' Apr 30 2010 Exclusive by James Traynor DAVID Murray last night labelled Rangers' financial critics as scaremongers. The Ibrox owner is raging at millionaire bus group owner Douglas Park after he told a couple of Glasgow papers the SPL champions couldn't be sold while under investigation by the taxman. It was also suggested Lloyds, the bankers for both Rangers and the Murray Group, could seize all the money from season tickets and next season's Champions League matches. But Murray has dismissed those claims - and demanded Park and any others who might want to buy the club to "put up or shut up". He said: "If Douglas, Dave King, Paul Murray or anyone else wants to buy the club they all know what to do. Stop saying why you wouldn't buy it. What's the point continually trying to undermine Rangers when it's clear finances are improving? "Rangers' debts continue to fall and this club will make a profit next year. That's a remarkable turnaround. "So talk about the bank or anyone else ring-fencing Champions League and season-ticket money is nonsense. It just isn't true and it will not happen." Murray wouldn't talk about exact figures but accepts it will be necessary for Walter Smith - or whoever takes over as manager should he decide he's had enough - to bring in new players. That's why he can't understand why it is being suggested the bank would sweep up every penny. Murray said: "It's just not realistic and amounts to nothing more than scaremongering. "It undermines the club at a time when all the hard work people at Rangers have put in over the past two years is beginning to pay off, both on and off the pitch." Murray is still waiting to hear if London-based Andrew Ellis will press home his �£33million bid for the club and it is understood his people have not been put off by HMRC's interest in Rangers' affairs. Record Sport understands Ellis and his people are close to making their decision but Murray believes the rumours of the past few days which he says link Ibrox directors King and Murray and Park have not helped at such a critical stage. He said: "If you care about the club would you endeavour to undermine it by making the kind of statements we've read from Douglas? One can only wonder why. "Is it an attempt to weaken the club in the hope of getting it at a cheaper price? "I don't know but I do know Rangers are not in any danger because of their financial position. "Rangers is a stand-alone company and there are no cross-guarantees tying them to the Murray Group's finances. The two are separate. "Even when the Murray Group were weak about 15 months ago there was never any danger of that hitting Rangers. People can think what they will of me but one thing I would never do is put the club in that kind of danger. "Let me say this again - never at any time were Rangers in jeopardy when the Murray Group were weak. "Rangers and the Murray Group have rallied extremely well and it is annoying to hear people who should know better sniping at us. "I seem to recall Douglas Park got in touch a couple of times. Two years ago he called Mike McGill, the finance director, and offered to buy the club for �£1. "Then he said he'd like to take over the running of the club but we felt that wouldn't have been in Rangers' best interests. I think it's time Douglas stopped shadow boxing and got into the ring. "If he or anyone else wants to buy let them make their play. They do the due diligence and see where they are but there's nothing to hide here. "I've had the club up for sale for two years because I do want to get out of football after more than 20 years in the thick of it. I'm not going to be hard to deal with and it is a straight-forward process. "If Douglas, Dave King or anyone else wants to buy Rangers they all know what to do. But please, stop undermining what has been a tremendous effort by everyone at the club during very difficult and trying times." 0 Quote Link to post Share on other sites More sharing options...
wabashcannonball 0 Posted April 30, 2010 Author Share Posted April 30, 2010 (edited) I'll allow our finance experts to give their opinions but the news seems reasonably positive.... Maybe the experts can pick the bones out of this Frankie..... "I don't know but I do know Rangers are not in any danger because of their financial position. "Rangers is a stand-alone company and there are no cross-guarantees tying them to the Murray Group's finances. The two are separate. "Even when the Murray Group were weak about 15 months ago there was never any danger of that hitting Rangers. People can think what they will of me but one thing I would never do is put the club in that kind of danger. "Let me say this again - never at any time were Rangers in jeopardy when the Murray Group were weak. "Rangers and the Murray Group have rallied extremely well and it is annoying to hear people who should know better sniping at us. "I seem to recall Douglas Park got in touch a couple of times. Two years ago he called Mike McGill, the finance director, and offered to buy the club for �£1. Where is our "chairperson" whilst all this is going down, leaving it up to his master to sort the shit stirrers out..????????? Edited April 30, 2010 by wabashcannonball 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,677 Posted April 30, 2010 Share Posted April 30, 2010 I don't think it is our chairman's place to comment on the release of the MIH accounts. We all know SDM often speak with forked tongue so, while I'd cautiously welcome today's news, I'd also caution anyone as to getting overly excited about it. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted April 30, 2010 Share Posted April 30, 2010 As usual he only speaks when there is criticism. Well done Douglas Park for lighting a fire under his arse. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,691 Posted April 30, 2010 Share Posted April 30, 2010 ETA....that is because there never was a pending court case against the club. Who said there was? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,691 Posted April 30, 2010 Share Posted April 30, 2010 (edited) "I seem to recall Douglas Park got in touch a couple of times. Two years ago he called Mike McGill, the finance director, and offered to buy the club for �£1. The mods may recall me telling them about this before the start of the season. Edited April 30, 2010 by Bluedell 0 Quote Link to post Share on other sites More sharing options...
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