pete 2,499 Posted April 26, 2014 Share Posted April 26, 2014 As a simple mind I would like to know what is our best option at this minute. I understand the obvious. Are we guaranteed a CVA? Do we have another shambles where a muppet is the proffered buyer. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted April 26, 2014 Share Posted April 26, 2014 Any indication as to why? Nothing yet. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted April 26, 2014 Share Posted April 26, 2014 Re: Heat getting turned up on Wallace in the papers tomorrow The papers were going to print more yesterday but Sandys sad passing meant a lot didn't feature but it will soon. Tomorrow probably! 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted April 26, 2014 Share Posted April 26, 2014 As a simple mind I would like to know what is our best option at this minute. I understand the obvious.Are we guaranteed a CVA? Do we have another shambles where a muppet is the proffered buyer. From my understanding the current largest secured creditor is George Letheam. Doubt he'd refuse a CVA if things were to go pear shaped to utterly fucked. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 26, 2014 Share Posted April 26, 2014 It does kind of ignore the point as to why we would be paying Rangers direct. The Club desperately needs the money? 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 26, 2014 Share Posted April 26, 2014 I don't even see it as a postponement. Why do you think Mr Easdale got security on his £500k facility yet £12 million should not be secured? Because the former is loan the latter is payment for a service; we've been through all this before. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 26, 2014 Share Posted April 26, 2014 It is as clear as day that the CEO asking players to take a wage cut and presiding over a massive 18 month cash blow is the reason. What complete and utter nonsense. Graham Wallace obviously made a mistake "asking players to take a wage cut" but he was appointed on 21 November 2013, so how has he " presid(ed) over a massive 18 month cash blow"? 0 Quote Link to post Share on other sites More sharing options...
TheTinMan99 0 Posted April 26, 2014 Share Posted April 26, 2014 Because the former is loan the latter is payment for a service; we've been through all this before. Here was me thinking it was a credit facility. Calling it a 'loan', would imply that Mr Easdale physically transferred the monies directly into the clubs account. Maybe he has, maybe he hasn't. Maybe it was a public relations stunt. Who knows. All we do know is, whatever happened, it was half a million, secured against assets. Just out of interest, do you consider the credit card companies advancing book money as a loan? It's not just traditional loans that can command some type of security. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 26, 2014 Share Posted April 26, 2014 Yes, I agreed with you that they would not give the fans security over anything for their £12 million, up front, loan. I am sorry that you do not understand the difference between a loan and advance payment for a service to be rendered but that is why you seem to be confused about security. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 26, 2014 Share Posted April 26, 2014 In a sense it is a loan...you are paying for something that won't be delivered until some future date. In no sense is it a loan. 0 Quote Link to post Share on other sites More sharing options...
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