simplythebest 0 Posted May 30, 2012 Share Posted May 30, 2012 Some get alarm bells ringing in their heads when stories change and plans for a debt-free Rangers include being bought with borrowed money. He was referring to not having unsustainable debt and millions owed to the taxman, it doesn't literally mean debt free as that wouldn't really be possible. The money being a loan is just a way of making the consortium money, again what else is to be expected from people with no connections to the club? A loan from the consortium isn't going to put us into administration again. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted May 30, 2012 Share Posted May 30, 2012 It SHOULD be a cheaper repayment plan... we dont have the 18 mill Lloyds bank debt around our neck anymore. Cheers Craigyboy, wonder job you did there.... I have reservations about Green, as we ALL should. But that doesnt mean I will make my mind up on him without knowing what his plan really is. I did the same with Whyte - wanted us out from SDM's claws but still had reservations over Whyte - any Bear who doesnt have suspicion over a new owner has been living in a different world this last year or two. What can we do about Green ? Next to nothing (boycott season books and merchandising ? That would hurt the club as much as Green). But we should still stay cynical. It would be remiss of us not to. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted May 30, 2012 Share Posted May 30, 2012 It SHOULD be a cheaper repayment plan... we dont have the 18 mill Lloyds bank debt around our neck anymore. Cheers Craigyboy, wonder job you did there.... I have reservations about Green, as we ALL should. But that doesnt mean I will make my mind up on him without knowing what his plan really is. I did the same with Whyte - wanted us out from SDM's claws but still had reservations over Whyte - any Bear who doesnt have suspicion over a new owner has been living in a different world this last year or two. What can we do about Green ? Next to nothing (boycott season books and merchandising ? That would hurt the club as much as Green). But we should still stay cynical. It would be remiss of us not to. The trouble is when cynicism turns into hate and conclusions. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted May 30, 2012 Share Posted May 30, 2012 He was referring to not having unsustainable debt and millions owed to the taxman, it doesn't literally mean debt free as that wouldn't really be possible. The money being a loan is just a way of making the consortium money, again what else is to be expected from people with no connections to the club? A loan from the consortium isn't going to put us into administration again. Steady mate common sense and making yourself some money in this world don't go down too well with some on here. 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 30, 2012 Share Posted May 30, 2012 If its borrowed by Sevco who are they borrowing it from? It matters not who it's borrowed from, but who's paying it back. 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 30, 2012 Share Posted May 30, 2012 He was referring to not having unsustainable debt and millions owed to the taxman, it doesn't literally mean debt free as that wouldn't really be possible. The money being a loan is just a way of making the consortium money, again what else is to be expected from people with no connections to the club? A loan from the consortium isn't going to put us into administration again. Have you got a link to that.....or are you backstage with GA? Listen to his first public words. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted May 30, 2012 Share Posted May 30, 2012 CumbernauldGers has been given a 24 hour ban. I am sick and tired of the constant sniping by some on here. CG and FS will never be best buddies but the LEAST WE EXPECT on this forum is that we at least are respectful with each other. I am by no means the authoritarian, dictatorial type and I absolutely LOATHE banning people - but let this be a warning, KEEP IT RESPECTFUL. Disagree by all means, that is what the forum is all about - healthy debate - but KEEP IT RESPECTFUL. It really isnt too much to ask. Not guilty M'lud (this time anyway....) 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted May 30, 2012 Share Posted May 30, 2012 It matters not who it's borrowed from, but who's paying it back. You've just claimed the money is borrowed to buy the club, if you know that as fact you must know who Sevco are borrowing the money from to fund the CVA. The club are paying it back whose to say they won't use SPL prize money to pay it therefore no income from the fans will be used. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted May 30, 2012 Share Posted May 30, 2012 The trouble is when cynicism turns into hate and conclusions. ....and blind faith leads to administration and possible liquidation..... 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted May 30, 2012 Share Posted May 30, 2012 Not guilty M'lud (this time anyway....) That'll be a first then. 0 Quote Link to post Share on other sites More sharing options...
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