der Berliner 3,889 Posted February 23, 2018 Share Posted February 23, 2018 Meanwhile ... about 3 mins of research and C&P yields: CELTIC PLC Company number SC003487 13 charges registered 6 outstanding, 7 satisfied, 0 part satisfied Which are ... + Persons entitled The Co-Operative Bank PLC Brief description All and whole that plot or area of ground situated to the… + Persons entitled Co-Operative Bank PLC Short particulars Subjects lying to the south west of glen road lennoxtown… + Persons entitled The Co-Operative Bank PLC Short particulars Plot of ground known as celtic triange, glasgow. + Persons entitled The Co-Operative Bank PLC Short particulars Plot of ground at westhorn, glasgow. + Persons entitled The Scottish Ministers Short particulars Site at the former lennox castle hospital, lennoxtown… + Persons entitled The Co-Operative Bank PLC Short particulars Celtic park, glasgow-- see mortgage document for full… https://beta.companieshouse.gov.uk/company/SC003487/charges Methinks that much of the Co-Op Bank loans are due in 2018 ... 1 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 23, 2018 Share Posted February 23, 2018 I thought the catering was outsourced Yes to close 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,884 Posted February 23, 2018 Share Posted February 23, 2018 On 23 February 2018 at 18:10, the gunslinger said: On 23 February 2018 at 17:05, colinstein said: I thought the catering was outsourced Yes to close The matchday catering ? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 23, 2018 Share Posted February 23, 2018 The equipment is leased from them or at least was i believe. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted February 23, 2018 Share Posted February 23, 2018 1 hour ago, der Berliner said: Meanwhile ... about 3 mins of research and C&P yields: CELTIC PLC Company number SC003487 13 charges registered 6 outstanding, 7 satisfied, 0 part satisfied Which are ... + Persons entitled The Co-Operative Bank PLC Brief description All and whole that plot or area of ground situated to the… + Persons entitled Co-Operative Bank PLC Short particulars Subjects lying to the south west of glen road lennoxtown… + Persons entitled The Co-Operative Bank PLC Short particulars Plot of ground known as celtic triange, glasgow. + Persons entitled The Co-Operative Bank PLC Short particulars Plot of ground at westhorn, glasgow. + Persons entitled The Scottish Ministers Short particulars Site at the former lennox castle hospital, lennoxtown… + Persons entitled The Co-Operative Bank PLC Short particulars Celtic park, glasgow-- see mortgage document for full… https://beta.companieshouse.gov.uk/company/SC003487/charges Methinks that much of the Co-Op Bank loans are due in 2018 ... they've got a £30 million mortgage on Parkhead due to Co op bank in 2019 1 Quote Link to post Share on other sites More sharing options...
ian1964 10,780 Posted February 23, 2018 Share Posted February 23, 2018 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,780 Posted February 27, 2018 Share Posted February 27, 2018 Rangers use Ibrox property including WiFi and TV screens as security over £3m funding RANGERS has agreed to place property within Ibrox including the WIFI system and the stadium TV screens as security over a £3 million funding facility. It had been known that the Manchester-based financiers Close Leasing, who have offered the working capital, had ensured the funding against the club's Edmiston House and Albion car park properties. But now it has emerged that the financial protection required by Close to guarantee Rangers' performance on its debt obligation has been widened to include movable assets within Ibrox. They include the stadium catering outlets said to be worth £1.567 million, the Ibrox public address systems valued at £556,000, the bowl TV (£432,000) and the WIFI system (£675,000). The club has previously indicated that it would be the first credit facility since Sir David Murray sold Rangers to Craig Whyte in 2011. The value of all the assets being used as collateral for the funds is estimated to be £5.53 million and was set up to cover for any possible extra costs and interest on any default. The Albion Car Park, which is directly opposite Ibrox, and at one time had space for 1200 cars has been valued for at £1.5 million, according to new documents relating to the funding deal. Edmiston House, which stands derelict and was formerly home to Rangers FC's Social Club and ticket office, which has also been put up as collateral for the funds was valued at £800,000. Four years ago the building and the car park had been part of a redevelopment plan suggested by previous club owners that never materialised. The deal has come about as the club struggled to get a banking facility since the liquidation of the so-called Rangers oldco RFC 2012 plc in October, 2012. The board had said they were faced with a multi-million pound shortfall for this season and next season. A list of conditions that have to be met include keeping the assets "in good order and where appropriate good working order" except in realtion to Edmiston House which is to be kept and maintained in "a fair condition". The assets within Ibrox that are 'on the line' is property that can be lifted up and take away and does not include any part of the fabric of Ibrox. Rangers managing director Stewart Robertson said after announcing the facility earlier this month that it will allow the club greater financial flexibility, “another key step towards normalising the business". Rangers have been relying on soft loans from the club’s directors since Dave King won control at an extraordinary general meeting in March 2015. Mr King, the club chairman had admitted that the loans were necessary to keep the club running due to the lack of a credit facility. The latest operating company financial report signed off in November showed the business was passed as a going concern while accepting they would require at least £4 million additional funding by the end of this season "in order to meet liabilities as they fall due". Further funding of £3.2 million was forecast to be needed next season, although the board says the final amount was dependent on football performance and whether they qualify for lucrative European football participation. The board said it had discussed the club's forecast cash shortfall and reached agreement with Mr King's New Oasis Asset Ltd company to provide additional loans as necessary. There were interest-free unsecured loans amounting to £15.9 million - of which £6.7 million is owed to Mr King's company. Dave King and other investors had agreed to extend their existing loan facilities to July, next year. The board said at the time that it was "satisfied that those parties will continue to provide financial support to the company and satisfied themselves to the validity of the undertakings". And directors acknowledged that without the assurances then "a material uncertainty would exist which may cast doubt over the company's ability to continue as a going concern..." The board said that financial support committed before the new credit facility was sought "more than covers the projected the shortfall for this season and beyond". Mr Robertson had insisted there was no risk of club chairman Dave King and his fellow investors withdrawing their backing, when announcing the new funding facility. “Dave and the other investors remain firmly behind the club. The contingency is still there if we need money for a particular project or to head into the transfer market in the summer," he said. “A £30 million business with no bank facilities is very, very unusual." It is not the first time Rangers have been linked with Close. According to administrators' documents, Close Leasing had been owed £1.6 million by the Rangers oldco having had a previous security when it fell into insolvency nearly six years ago. Former owner Craig Whyte had sold future earnings from matchday catering at Ibrox to Close to pay for the lease of kitchen equipment. Shareholders cleared the way for fresh investment in Rangers last November when they backed moves for a new share issue at the club’s AGM. Edmiston House and Albion car park have previously been put up as insurance for Rangers financing, under the previous regime at Ibrox. Three years ago Rangers announced they had accepted a £10 million loan offer from Mike Ashley's Sports Direct in return for a number of conditions including security over Murray Park training ground, the Albion car park and Edmiston House. The previous year Laxey Partners announced it had used the assets as security for a £1 million loan. The club had just six months to repay the loan. http://www.eveningtimes.co.uk/news/16050549.Rangers_use_Ibrox_property_including_WiFi_and_TV_screens_as_security_over___3m_funding/ 1 Quote Link to post Share on other sites More sharing options...
buster. 5,390 Posted February 27, 2018 Share Posted February 27, 2018 Martin Williams took his time getting that article out. Perhaps he'll tell us that we've signed Greg Docherty in tomorrows exclusive ! 1 Quote Link to post Share on other sites More sharing options...
Gaffer 1,665 Posted February 27, 2018 Share Posted February 27, 2018 Maybe he woke up particularly late today and couldn't think of a story to make up so this was the next easiest thing to write about. These journos are unbelievably lazy. I can't believe firms employ them to do what an automated system could in their place. Incredible. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,889 Posted February 27, 2018 Share Posted February 27, 2018 Is it common that details of such agreements are being accessible by the public? I still see no minute detailing of the soft-loan stuff the Yahoos have with the Co-Op Bank ... 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.