BlueMazza 0 Posted May 29, 2012 Share Posted May 29, 2012 To my completely untrained eye, I don't see the problem with funding - I think it is just the working. Green's consortium are investing £8.5m into the club in order to fund the CVA. The Consortium will be reimbursed in full by the end of 2020!!!! There is no comparison to what Whyte did. There are no club revenue streams being touched or impeded by Green's method of funding - it is 100% external to the club and is no different from someone taking out a bank loan to repay a credit card bill!!! Except we will pay more than £1 million a year back to him...of course fans will end paying. Whyte bought the company with a loan against season tickets. Green buys the company with a loan against Rangers as a whole and becomes secured creditor. He's almost went one better than Whyte by ensuring he has the floating charge/secured creditor status for definite. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 29, 2012 Share Posted May 29, 2012 Except we will pay more than £1 million a year back to him...of course fans will end paying. If it gets the club out of the shit, I'd say its a small price!!! 0 Quote Link to post Share on other sites More sharing options...
Craigy1881 79 Posted May 29, 2012 Share Posted May 29, 2012 Did people really expect this guy to put that much cash into the club and not want it back in the long run? 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted May 29, 2012 Share Posted May 29, 2012 Did people really expect this guy to put that much cash into the club and not want it back in the long run? obviously not, but he also gets shares & owns the assets which D&P valued at £115 mil. Hardly "nothing". 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 29, 2012 Author Share Posted May 29, 2012 Did people really expect this guy to put that much cash into the club and not want it back in the long run? Correct me if I'm wrong, but didn't this same guy tell us that we would be debt-free once he bought us? 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 29, 2012 Author Share Posted May 29, 2012 Fees of (5,561,000)... Will this £5m get used to pay Close Brothers, Scottish Sports Council etc. before the likes of HMRC and Ticketus get their portion? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,473 Posted May 29, 2012 Share Posted May 29, 2012 Will this £5m get used to pay Close Brothers, Scottish Sports Council etc. before the likes of HMRC and Ticketus get their portion? No, that's just the fees for D&P and other professional expenses (legal costs etc). Close is a separate £1.5million IIRC. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,097 Posted May 29, 2012 Share Posted May 29, 2012 Does the CVA not realise around £2m more than TBKs? But it would have honoured the Club Deck bonds so you have circa £7m less creditors, no? Looks like we're going to jump out of the frying pan and into the fire... 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 29, 2012 Author Share Posted May 29, 2012 No, that's just the fees for D&P and other professional expenses (legal costs etc). Close is a separate £1.5million IIRC. I meant the £5m left AFTER the expenses have been deducted. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 29, 2012 Share Posted May 29, 2012 your the financial guru bluedell I gave you tbk bid earlier now you have both if your telling me its 2 million more fair enough. but it was 5.5 in the creditors pot ad not a loan. this looks like he's buying us for a few hundred k. a joke at first glance 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.