ian1964 10,626 Posted March 20, 2012 Share Posted March 20, 2012 The Blue Knights will look to borrow more than £5million from Ticketus to use as working capital if they win the battle for control of Rangers. The Paul Murray-led consortium are one of the three formal bids administrators Duff & Phelps have on the table, although others are anticipated in the coming days. Ticketusâ?? involvement with the Blue Knights raised some eyebrows, given that the London-based firm previously paid Craig Whyte £24.4m for the next three yearsâ?? Ibrox season tickets to fund his buyout last year. Duff & Phelps were in court yesterday trying to remove the claim Ticketus have on future tickets. That matter will be considered again on Tuesday. If Duff & Phelps are unsuccessful, Ticketus will remain a major player. Murray plans to ask them for £5m in order to get the club to a point where they can have a share flotation to generate more funds. He then hopes to renegotiate the terms of the ticket deal Whyte secretly struck with Ticketus to help Rangers pay off Lloyds Bank to the tune of £18m. Murrayâ??s consortium includes businessmen Douglas Park, Scott Murdoch and John Bennett, as well as supportersâ?? groups. But it appears Ticketus will bridge the short-term finance gap. Last week, Murray spelled out his intention to increase the clubâ??s borrowing if his takeover is successful. â??When you are bringing together a consortium of 10 people to put up funding, it can take time,â?? he said. â??Ticketus will, in effect, underwrite stage one of our plan, which will be to back the cash purchase of the club and provide initial working capital. â??The Blue Knights will be a body standing behind them. The individuals will give personal pledges to Ticketus against the money used. â??We may not need all of the working capital, as we would hope to have season-ticket money coming in May. â??Stage two would then be a share issue open to all. Again, the Blue Knights would invest in that, as well as the cash pledges being put up to complete the purchase. â??Stage three would be to renegotiate the Ticketus terms to something which the club can afford to pay.â?? Meanwhile, Kyle Lafferty, out injured since January, is one of five players Rangers hope to have back for Sundayâ??s Old Firm game. Carlos Bocanegra and Dorin Goian will return after suspension, while Steven Whittaker, another who has been on the injured list, could also be in the squad. Read more: http://www.dailymail.co.uk/sport/football/article-2117400/Rangers-takeover-Blue-Knights-borrow-5m-Ticketus.html#ixzz1pdZ9IYoH 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,482 Posted March 20, 2012 Share Posted March 20, 2012 Last week, Murray spelled out his intention to increase the clubâ??s borrowing if his takeover is successful. â??When you are bringing together a consortium of 10 people to put up funding, it can take time,â?? he said. â??Ticketus will, in effect, underwrite stage one of our plan, which will be to back the cash purchase of the club and provide initial working capital. â??The Blue Knights will be a body standing behind them. The individuals will give personal pledges to Ticketus against the money used. â??We may not need all of the working capital, as we would hope to have season-ticket money coming in May. â??Stage two would then be a share issue open to all. Again, the Blue Knights would invest in that, as well as the cash pledges being put up to complete the purchase. â??Stage three would be to renegotiate the Ticketus terms to something which the club can afford to pay.â?? Should stage 3 not be stage 1? What happens if Ticketus don't renegotiate? Are fans going to invest if they think that some of their cash will just get used to repay Ticketus? Does this mean that the whole concept is flawed? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,372 Posted March 20, 2012 Share Posted March 20, 2012 I want to support the Blue Knights but it's impossible with so many questions about their plans. 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted March 20, 2012 Share Posted March 20, 2012 The reason the BK's have so many questions about thier plans is because they're the only ones giving out any plans. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,372 Posted March 20, 2012 Share Posted March 20, 2012 The reason the BK's have so many questions about thier plans is because they're the only ones giving out any plans. That's fair enough but one can argue they'll also benefit from the extra media exposure. As it stands we don't know enough about any of the bids so until we do it would be foolhardy to back any of them per se. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted March 20, 2012 Share Posted March 20, 2012 That's fair enough but one can argue they'll also benefit from the extra media exposure. As it stands we don't know enough about any of the bids so until we do it would be foolhardy to back any of them per se. The point of using media is to gain support. They aren't gaining that much, they leave out too many details and aren't answering questions (whether they can or can't is a diff matter). If they decide to use the media to their advantage, they have to work it well, and at the moment they aren't. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted March 20, 2012 Share Posted March 20, 2012 they leave out too many details . not just that....the details that they have released aren't exactly filling the fans with confidence. I have yet to see ANYTHING from the BK's that clearly shows why they are the best options. This is confirmed with the members, certainly on here - the majority appear to be backing bids that we know nothing about - one fans forerunner even appears to be from someone who isn't even bother if he wins or not - clearly the media option ain't working well for the BK's!!! 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted March 20, 2012 Share Posted March 20, 2012 That's fair enough but one can argue they'll also benefit from the extra media exposure. As indeed D&P, Craig Whytes preferred admins are always keen to point out. I can't see anything wrong with using the media in this respect. It goes along with their promise of open and fair business style. You can disagree with them, but as I say, at least you have some info to disagree with. What are all the other biddrs plans? Other than to claim they've got lots of money. I'm not sure that's the way we should be going down as we should be looking to plan a sustainable future, not depend on big bucks. Our fan base is our big bucks. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted March 20, 2012 Share Posted March 20, 2012 The reason the BK's have so many questions about thier plans is because they're the only ones giving out any plans. I've yet to hear a detailed plan from BK there's a lot of talking without saying very much. Also would love to hear Ticketus comment on the deal that he wants to arrange then renegotiate at a later date. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted March 20, 2012 Share Posted March 20, 2012 As indeed D&P, Craig Whytes preferred admins are always keen to point out. I can't see anything wrong with using the media in this respect. It goes along with their promise of open and fair business style. You can disagree with them, but as I say, at least you have some info to disagree with. What are all the other biddrs plans? Other than to claim they've got lots of money. I'm not sure that's the way we should be going down as we should be looking to plan a sustainable future, not depend on big bucks. Our fan base is our big bucks. I agree we must be sustainable but we need a large cash injection to begin with, Murray and the BK seem to want to put us well in hock to achieve this I'm not to comfortable with that. 0 Quote Link to post Share on other sites More sharing options...
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