ian1964 10,625 Posted October 19, 2012 Share Posted October 19, 2012 RANGERS chief Charles Green claims Ibrox and the Murray Park training facility are now worth £80million â?? despite having paid only £5.5million for the entire club just five months ago. Greenâ??s consortium struck a controversial cut-price deal with administrators Duff and Phelps to buy Gers in May. The cash was mostly swallowed up in fees for the finance firm, leaving the clubâ??s creditors with just a tiny fraction of what they were owed. Now Green claims to have had a valuation done on Gersâ?? properties, showing a vast increase in value. And he hit out at claims his £25million valuation of the club ahead of a proposed £20million share issue was exaggerated. Green said: â??I think it is incredibly low, because we have a valuation on the properties â?? from an independent source â?? valuing them in excess of £80million. â??This is not Charles Green over-egging â?? these are the figures.â? Read more: http://www.thesun.co.uk/sol/homepage/news/scottishnews/4597175/Charles-Green-Rangers-property-worth-80million.html#ixzz29hk8pkCR 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,092 Posted October 19, 2012 Share Posted October 19, 2012 It's like he's begging BDO to file a gratuitous alienation claim. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 19, 2012 Share Posted October 19, 2012 End of the day like everything they're only worth what someone is willing to pay for them. Pretty sure one of the administration reports had similar valuations anyway. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 19, 2012 Share Posted October 19, 2012 It's like he's begging BDO to file a gratuitous alienation claim. at least we now know what d&p said when they contacted blue pitch. wana buy 80 million of property for 5.5 million. we'll make sure you get it you make sure this runs and runs so our fees are astronomical. cva who gives a fuck if the cva is eaten up by fees. 0 Quote Link to post Share on other sites More sharing options...
TheWeeBlueDevil 0 Posted October 19, 2012 Share Posted October 19, 2012 (edited) CG interview on STV Scotland Tonight http://www.youtube.com/watch?v=jxuhxRekOKU&feature=g-all-u Edited October 19, 2012 by TheWeeBlueDevil 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 19, 2012 Share Posted October 19, 2012 at least we now know what d&p said when they contacted blue pitch. wana buy 80 million of property for 5.5 million. we'll make sure you get it you make sure this runs and runs so our fees are astronomical. cva who gives a fuck if the cva is eaten up by fees. CVA wasn't happening, get over it. What's with calling everything blue pitch now? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 19, 2012 Share Posted October 19, 2012 CVA wasn't happening, get over it. What's with calling everything blue pitch now? that's who green says d&p contacted. or was it Zeus. same difference really. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 19, 2012 Share Posted October 19, 2012 that's who green says d&p contacted. or was it Zeus. same difference really. Zeus, you know, the company that got Man Utd onto the commerical success they are now. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted October 19, 2012 Share Posted October 19, 2012 Zeus, you know, the company that got Man Utd onto the commerical success they are now. Stop feeding the Troll mate, just sit and watch him shout at the moon. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,474 Posted October 19, 2012 Share Posted October 19, 2012 Only £80 million? He's slipping. Murray had them worth over £100m IIRC. I wonder what the basis of the valuation is? Murray had them valued on a replacement cost basis which was a total irrelevance. If you own a house that would cost £300k to rebuild but you can only sell it at 200k because of the area it is in, what is it worth? 200K, of course. The fact that it would cost you more to rebuild than you can sell it for means absolutely nothing to anyone, other than perhaps an insurance company. It's disappointing that Green is going down the same accounting road as Murray did. 0 Quote Link to post Share on other sites More sharing options...
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