Rangersitis 0 Posted October 14, 2014 Share Posted October 14, 2014 With new shares the the money goes into the club.. Eh? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 14, 2014 Share Posted October 14, 2014 That's just your pro-King spin. It is as tedious as the shite pumped out by Jack via McLaughlin, Lamont and McMurdo. It's just my theory. I wouldn't take it to heart. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 14, 2014 Share Posted October 14, 2014 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 14, 2014 Share Posted October 14, 2014 Nothing new in the record. Letham was there. King confident of a deal. Talks to continue today. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 14, 2014 Share Posted October 14, 2014 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted October 15, 2014 Share Posted October 15, 2014 Dave King confident £16m bailout deal can be struck at Rangers after crunch talks with the board. KING and mysterious wealthy supporter George Letham spent around two hours locked in discussions with the Ibrox board over their proposed £16m bailout. DAVE King last night emerged from crunch talks with the Rangers board and declared he is confident a deal can be struck over his proposed £16million bailout. King flew into Scotland from South Africa on Monday night to meet up with mysterious wealthy supporter George Letham – pictured for the first time on our front page today – and they arrived at Ibrox yesterday afternoon. The pair spent around two hours locked in discussions with Gers chairman David Somers, chief executive Graham Wallace and director Philip Nash before coming out in bullish mood. King refused to divulge details of the meeting but when asked if he was optimistic their bid would be accepted, he said: “Yes, we are.” Rangers confirmed two weeks ago they had repaid £1.5m of emergency loans made to the club in February and March, including £1m from Letham. Record Sport revealed last week King had teamed up with Letham and former director Paul Murray to bankroll an urgently needed rescue package that would enable the club to stave off yet more financial distress. In return for the huge cash injection, King and his group want a 51 per cent stake in Rangers through the issue of new shares. The move has been backed by Wallace and Nash – the two men Newcastle owner Mike Ashley is currently trying to have booted off the board . But King’s sudden arrival on Scottish soil indicates he is close to securing a deal. The Glasgow Castlemilk-born millionaire pitched up at Ibrox along with Letham just before 3pm yesterday. Wallace and Nash were already at the stadium while chairman Somers arrived 20 minutes later. The parties didn’t drag out the discussions as King and Letham reappeared around 4.50pm and promptly hopped in a taxi bound for a city hotel. Somers and Wallace held back before escaping from a different exit in the ground around an hour later without making comment. The bailout talks are expected to continue today and King may even attempt to make contact with Ashley – who owns an 8.92 per cent chunk of the Ibrox club – during his visit to see if common ground can be found. As well as controlling the club’s retail stores and shirt sales, Ashley also owns the naming rights for the stadium as part of a hugely controversial £1 deal with former CEO Charles Green – an agreement that was uncovered by Record Sport. But if King’s consortium holds no threat to Ashley’s lucrative contracts then the Sports Direct boss could yet be talked into scaling back on his own ongoing attempts to grab a bigger share of boardroom control. http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-confident-deal-can-4439859 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,813 Posted October 15, 2014 Share Posted October 15, 2014 Good, my "semi-prophetic" remark a day or so ago sparked some action at last*, now do some real talking lads and get this done. * 0 Quote Link to post Share on other sites More sharing options...
True_Ger_1872 2 Posted October 15, 2014 Share Posted October 15, 2014 I might be getting all confused with what i am about to ask so please forgive if i am barking up the wrong tree - or if this has been answered before. Is there a relevance of the 16M figure that relates to the amount of 'debt' which Rangers owe our parent company? I was speaking with a chap in work who was explaining how he thought this deal was going to work and he raised a point about Rangers being in debt to the parent company but couldn't be substantiated as 'debt'? I was a bit confused about it but i recall a while back reading something about this when the annual accounts came out for last year. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted October 15, 2014 Share Posted October 15, 2014 I might be getting all confused with what i am about to ask so please forgive if i am barking up the wrong tree - or if this has been answered before. Is there a relevance of the 16M figure that relates to the amount of 'debt' which Rangers owe our parent company? I was speaking with a chap in work who was explaining how he thought this deal was going to work and he raised a point about Rangers being in debt to the parent company but couldn't be substantiated as 'debt'? I was a bit confused about it but i recall a while back reading something about this when the annual accounts came out for last year. This "chap" in your work - wouldn't be from Shettleston would he? It's the well worn tale re the parent company-club liabilities. Those with long memories and financial terminology could fill you in or supply you with links. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted October 15, 2014 Share Posted October 15, 2014 I might be getting all confused with what i am about to ask so please forgive if i am barking up the wrong tree - or if this has been answered before. Is there a relevance of the 16M figure that relates to the amount of 'debt' which Rangers owe our parent company? I was speaking with a chap in work who was explaining how he thought this deal was going to work and he raised a point about Rangers being in debt to the parent company but couldn't be substantiated as 'debt'? I was a bit confused about it but i recall a while back reading something about this when the annual accounts came out for last year. This "chap" in your work - wouldn't be from Shettleston would he? It's the well worn tale re the parent company-club liabilities. Those with long memories and financial terminology could fill you in or supply you with links. PS Be careful though - don't trust anyone who has 1872 in their user name, nor those who only start/contribute to threads regarding financial topics of a negative nature. These are often the same folk, btw. Almost always in fact......................on other boards I mean. Not here, obviously. 0 Quote Link to post Share on other sites More sharing options...
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