the gunslinger 3,366 Posted November 21, 2012 Share Posted November 21, 2012 Explain where the fan's money comes into this. The cash is from their own pockets. was whytes money from ticketus pockets? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted November 21, 2012 Share Posted November 21, 2012 I was present at the meeting in the Ibrox Suite (as were other posters from here) one of the many occasions he's made the "debt free" claim, no mention at all of "external debt". At no time has Green or any of his investors intimated that the £5.5m for the asset purchase was a loan. The details of a loan for the CVA monies was declared in the CVA proposal, no mention of a loan in regards to the straight asset purchase was made. My memory fails me on the details of this. What was the exact loan amount declared in the CVA proposal? 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 21, 2012 Share Posted November 21, 2012 was whytes money from ticketus pockets? Yes, hence ticketus' place on the creditor's list. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 21, 2012 Share Posted November 21, 2012 and the fans would have repaid them. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 21, 2012 Share Posted November 21, 2012 and the fans would have repaid them. You have no idea what the loan repayment structure would be, could come from player fees for all we know. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 21, 2012 Share Posted November 21, 2012 My memory fails me on the details of this. What was the exact loan amount declared in the CVA proposal? the full 8.5 IIRC. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 21, 2012 Share Posted November 21, 2012 You have no idea what the loan repayment structure would be, could come from player fees for all we know. lol how would that be any different to season book cash. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted November 21, 2012 Share Posted November 21, 2012 lol how would that be any different to season book cash. You keep going on about fan's money. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,132 Posted November 21, 2012 Share Posted November 21, 2012 My memory fails me on the details of this. What was the exact loan amount declared in the CVA proposal? Depending on interpretation it was either the entire £8.5m or £8.3m the difference being the treatment of the £200k exclusivity payment (it's unclear if that was part of the loan or not). It's worth noting that the prize monies, transfer fees receivable et al would not have reduced the loan which was interest baring and had to be paid back before Dec 31 2020, the rate of interest payable was not revealed. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 21, 2012 Share Posted November 21, 2012 ultimately that's always what it boils down too. one things for sure it won't be investors money. 0 Quote Link to post Share on other sites More sharing options...
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