Steve1872 4 Posted March 25, 2014 Share Posted March 25, 2014 Alasdair Lamont @BBCAlLamont 1m Rangers transfer Laxey £1m loan to fan and shareholder George Letham at a reduced interest rate. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted March 25, 2014 Share Posted March 25, 2014 People wanted this yet the board, Laxey etc will likely still get zero credit. I hope to be proven wrong 0 Quote Link to post Share on other sites More sharing options...
The Real PapaBear 0 Posted March 25, 2014 Share Posted March 25, 2014 People wanted this yet the board, Laxey etc will likely still get zero credit. I hope to be proven wrong what is it exactly that laxey should get credit for? 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted March 25, 2014 Share Posted March 25, 2014 what is it exactly that laxey should get credit for? Agreeing to cancel the loan for one 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted March 25, 2014 Share Posted March 25, 2014 People wanted this yet the board, Laxey etc will likely still get zero credit. I hope to be proven wrong Or it simply illustrates how detached from the fans the board has become by initially constructing the deal in the manner they did. 0 Quote Link to post Share on other sites More sharing options...
The Real PapaBear 0 Posted March 25, 2014 Share Posted March 25, 2014 Agreeing to cancel the loan for one what was wrong with the loan? Why did it need to be cancelled? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 25, 2014 Share Posted March 25, 2014 excellent news. frightening it was ever put in place in the first place and makes a nonsense of the notion it was the best available after looking round. we bit of good pr before the accounts? 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted March 25, 2014 Share Posted March 25, 2014 Was just going to post this. Here's the LSE statement:- http://m.londonstockexchange.com/exchange/mobile/news/detail.html?announcementId=11903443 0 Quote Link to post Share on other sites More sharing options...
Steve1872 4 Posted March 25, 2014 Author Share Posted March 25, 2014 Rangers International Football Club plc("Rangers", "RIFC" or the "Company") Further re. Credit Facilities On 24 February 2014, the Company announced that it had entered into two secured short term credit facilities for an aggregate amount of up to £1.5 million. These credit facilities were provided by Laxey Partners Ltd ("Laxey") to the amount of £1 million (the "Laxey Facility") and Alexander Easdale to the amount of £500,000 (the "Easdale Facility"). Laxey has, pursuant to an agreement entered into today, transferred all rights and obligations in relation to the Laxey Facility to Mr George Letham including all its rights in relation to the standard security granted as security for the Laxey Facility. Mr Letham is a shareholder in the Company and a lifelong Rangers fan. The Laxey Facility, now transferred by Laxey to Mr George Letham, remains subject to the same terms and conditions with the exception that the premium payment has been reduced to £45,000 and remains payable in shares or cash. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted March 25, 2014 Share Posted March 25, 2014 Double post 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.