Bluedell 5,679 Posted December 30, 2011 Share Posted December 30, 2011 The whole takeover was structured so that LBG wouldn't be owed the cash anymore. I doubt that LBG just allowed the debt transferred from Rangers to its holding company. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted December 30, 2011 Author Share Posted December 30, 2011 The whole takeover was structured so that LBG wouldn't be owed the cash anymore. I doubt that LBG just allowed the debt transferred from Rangers to its holding company. Why do you doubt that BD, it would mean that it isn't in the public eye any more as everyone inc Whyte says it is cleared. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted December 30, 2011 Share Posted December 30, 2011 Liberty Capital our ultimate owner is based in the BVI as are six subsidiaries of LBG. LBG are bankers to some of if not all Whytes other companies, LBG hold the mortgage on Whytes (and Mrs Whytes) castle. Whyte has a long association with LBG, as far as I'm aware we still bank with LBG and LBG are the holders of the long lease on the Albion car park. Neither LBG nor Murray could be seen to publicly pull the plug on RFC and have found someone who simply wouldn't give a flying f*&k about doing so, LBG wins Murray wins Whyte wins the only losers are the fans, 26,000 small shareholders, a few thousand debenture holders, HMRC and a myriad of creditors. I'm interseted to know what you think might play out if we actually WIN the EBT case. If what you've been saying turns out to be accurate or even close to it, then winning the EBT case isn't even an option for Whyte because he doesn't have the money to support the club. What would or could he do in the event that we win it? 0 Quote Link to post Share on other sites More sharing options...
khan 0 Posted December 30, 2011 Share Posted December 30, 2011 I can see a white knight sitting on yonder hill surveying all he still owns, when will he ride to the rescue ? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted December 30, 2011 Share Posted December 30, 2011 The whole takeover was structured so that LBG wouldn't be owed the cash anymore. Maybe as being suggested, it was simply structured so that the club itself didn't owe LBG the cash anymore. Another maybe is that underneath all the secrecy there's a cunning SDM plan to get some of his cash back. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted December 30, 2011 Author Share Posted December 30, 2011 I'm interseted to know what you think might play out if we actually WIN the EBT case. If what you've been saying turns out to be accurate or even close to it, then winning the EBT case isn't even an option for Whyte because he doesn't have the money to support the club. What would or could he do in the event that we win it? Ellis had a 5-year plan (or perhaps just an ambition) to develop the assets and then sell off the Club; perhaps he sold it (the plan) to Whyte. The offshore connection needs more investigating. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted December 30, 2011 Author Share Posted December 30, 2011 Maybe as being suggested, it was simply structured so that the club itself didn't owe LBG the cash anymore. That's my view. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted December 30, 2011 Author Share Posted December 30, 2011 I can see a white knight sitting on yonder hill surveying all he still owns, when will he ride to the rescue ? Could his hill be in South Africa with connections to a BMW dealer? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted December 30, 2011 Share Posted December 30, 2011 Why do you doubt that BD, it would mean that it isn't in the public eye any more as everyone inc Whyte says it is cleared. LBG wanted their cash, not to switch it to a less secure company not in the company eye. Their motivation was not just to move it to a company whose only asset is the shares in a company that may become worthless. They had more security when the debt was with the club. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted December 30, 2011 Share Posted December 30, 2011 Maybe as being suggested, it was simply structured so that the club itself didn't owe LBG the cash anymore. What's LBG's commercial incentive? Another maybe is that underneath all the secrecy there's a cunning SDM plan to get some of his cash back. 0 Quote Link to post Share on other sites More sharing options...
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