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Dave King Statement ( and interim accounts)


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Yes SDM had got into serious debt with LBG but Rangers debt represented just 3 percent of the MIH debt.

Why were LBG so fixated with Rangers debt as opposed to the many times greater MIH debt?

Why were they do keen to get Rangers sold to the first chancer who came along to get Muir his £1m !

You decide

 

You just answered the point I was making Rab. If Rangers represented only 3% of the MIH debt to LBG why did Murray feel the need to dump us into the pocket of Whyte ?

Murray got himself into debt to LBG - his fault. It didn't matter whether LBG wanted rid of us. They could do nothing unless Murray signed the contracts. Murray walked away and should be held personally responsible for the debts remaining to companies connected to our club.

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Why? It's not relevant to their decision making process.

 

Are you suggesting they should not have decided what division we went into until now?

 

If every decision was delayed in the way tired are suggesting, in till every possible scenario was known nothing would ever get done

 

This is very true....you just have to look at the efficiency and speed in the way they dealt with Bilel Mohsni's 'crime' and Motherwell FC for the disgraceful fans invasion in the Play-Off match.

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You just answered the point I was making Rab. If Rangers represented only 3% of the MIH debt to LBG why did Murray feel the need to dump us into the pocket of Whyte ?

Murray got himself into debt to LBG - his fault. It didn't matter whether LBG wanted rid of us. They could do nothing unless Murray signed the contracts. Murray walked away and should be held personally responsible for the debts remaining to companies connected to our club.

 

Why did Murray feel the need to dump us into the pocket of Whyte?

Because he was forced to do so? To earn Muir his £1m?

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Why did Murray feel the need to dump us into the pocket of Whyte?

Because he was forced to do so? To earn Muir his £1m?

 

So he could cherry pick the companies in the Murray Group for himself and his family before the white elephant that was the Premier Property Group fell from the sky.

 

Murray willingly and knowingly sacrificed for his own personal gain.

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Why did Murray feel the need to dump us into the pocket of Whyte?

Because he was forced to do so? To earn Muir his £1m?

 

Murray dumped us because he wanted to. It's as simple as that. He got a prize mug who was working to his own ends to buy us for a quid while taking on all responsibility for settling the tax case in the event we lost it. In other words he ran away knowing full well what would happen to us.

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It's all paper talk about 'stripping titles' and it will never happen, if it would have happened (it was on the agenda back then) it would have happened back then.

 

Stripping titles is up to the SFA and it's never going to happen even under a tim run administration...yes we will all sweat at some dick sticking his head up and saying so, but it will never happen...such is the climate and the poor state we find ourselves in what is Scottish football there are bigger fish to fry.

 

It's the crap newspapers who'll always focus on this non-event in order to sell their goods due to the state of the game up here there is nothing else to report.

 

Right now in my thoughts I'm looking forward to humping The Filth oot the cup...not a tall order if you look at the really big picture.

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So he could cherry pick the companies in the Murray Group for himself and his family before the white elephant that was the Premier Property Group fell from the sky.

 

Murray willingly and knowingly sacrificed for his own personal gain.

 

So howcome after he 'sold' Rangers Murray was still getting money for projects from LBG ? A golf course for one IIRC

Was that maybe his wee payback for selling Rangers?

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So howcome after he 'sold' Rangers Murray was still getting money for projects from LBG ? A golf course for one IIRC

Was that maybe his wee payback for selling Rangers?

 

Rab, taking the scenario of a cozy relationship between Murray and LBG to its limit would not explain the following, " It is also believed Lloyds Banking Group will now write off the remaining bank debt due from MIH, stated at the 2013 year end to be £346.6 million. "

The link here alludes to the deals you mention - http://www.dailyrecord.co.uk/business/business-news/exclusive-sir-david-murray-director-4991621

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