StuGers 477 Posted January 16, 2017 Share Posted January 16, 2017 Also, of note with Ceptic. They may pull in £40m+ (or whatever it is).....but very little of that actually gets invested in the team - maybe £10-12m.......where does the other £30m go??? Hush payments, media "sponsorship", big Dermot's "running out of the country" costs, UEFA fines (though they are on a discounted scheme now). 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 16, 2017 Share Posted January 16, 2017 That's not true. We had recovered fine and were healthy when whyte bought us. He however bought us to put us in admin to get out of the ticketus debt. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted January 16, 2017 Share Posted January 16, 2017 We had recovered fine and were healthy when whyte bought us. He however bought us to put us in admin to get out of the ticketus debt. Paul Murray had a plan to have a rights issue for 25 million that would have paid off LLoyds and left us money over to play with.( He said that anyway.) David Murray must have thought Whyte was the better deal. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,396 Posted January 16, 2017 Share Posted January 16, 2017 Paul Murray had a plan to have a rights issue for 25 million that would have paid off LLoyds and left us money over to play with.( He said that anyway.) David Murray must have thought Whyte was the better deal. Or maybe those at the bank thought whyte was the better deal for their own purposes 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,396 Posted January 16, 2017 Share Posted January 16, 2017 We had recovered fine and were healthy when whyte bought us. He however bought us to put us in admin to get out of the ticketus debt. And to hopefully get rid of the PAYE/NI HMRC debt he'd built up 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 16, 2017 Share Posted January 16, 2017 Paul Murray had a plan to have a rights issue for 25 million that would have paid off LLoyds and left us money over to play with.( He said that anyway.) David Murray must have thought Whyte was the better deal. Or donald muir did. 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted January 16, 2017 Share Posted January 16, 2017 Paul Murray had a plan to have a rights issue for 25 million that would have paid off LLoyds and left us money over to play with.( He said that anyway.) David Murray must have thought Whyte was the better deal. Paul Murray though was not willing to accept any liability for any monies due if we lost the EBT case. He wanted responsibility to stay with DM's companies. That didn't suit DM or LBG so they looked around for a useful idiot who would. The curtain opened and billionaire Whyte appeared. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted January 17, 2017 Share Posted January 17, 2017 Paul Murray though was not willing to accept any liability for any monies due if we lost the EBT case. He wanted responsibility to stay with DM's companies.That didn't suit DM or LBG so they looked around for a useful idiot who would. The curtain opened and billionaire Whyte appeared. That sounds very plausible and I have never thought of that before. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted January 17, 2017 Share Posted January 17, 2017 We had recovered fine and were healthy when whyte bought us. He however bought us to put us in admin to get out of the ticketus debt. If we had recovered fine and were healthy, how was a con man able to buy us for £1? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,276 Posted January 17, 2017 Share Posted January 17, 2017 (edited) If we had recovered fine and were healthy, how was a con man able to buy us for £1? The main issue was not the actual debt outstanding at the time of Whyte's purchase but the potential debt created by the BTC. Very few people were prepared to take the gamble that we'd win whilst paying off Lloyds at the same time. Whyte was one - conning Ticketus along the way whilst hedging his bets by taking the company into administration and removing the BTC noose around the oldco's neck. Edited January 17, 2017 by Frankie 0 Quote Link to post Share on other sites More sharing options...
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