Miami investor still keen to buy stake in Rangers

[forlanssister 3,114]

I note it being reported elsewhere that our erstwhile Chairman threatened to put us into adminstration unless his loan was repaid, the one with tge 8% coupon iirc.

 

I'm sure he had the clubs best interests at heart though. 

[RANGERRAB 3,663]

3 minutes ago, forlanssister said:

I note it being reported elsewhere that our erstwhile Chairman threatened to put us into adminstration unless his loan was repaid, the one with tge 8% coupon iirc.

 

I'm sure he had the clubs best interests at heart though. 

You mean former chairman?

[forlanssister 3,114]

34 minutes ago, RANGERRAB said:

You mean former chairman?

erstwhile

 

/ˈəːstwʌɪl/

 

Learn to pronounce

 

adjective

 

former.

 

"the erstwhile president of the company"

 

Similar:

 

former

 

old

 

past

 

one-time

 

sometime

 

as was

 

ex-

 

late

 

then

 

previous

 

prior

 

foregoing

 

quondam

 

whilom

 

Opposite:

 

present

 

future

 

adverb

 

ARCHAIC

 

formerly.

 

"Mary Anderson, erstwhile the queen of America's stage"

 

 

 

[RANGERRAB 3,663]

17 minutes ago, forlanssister said:

erstwhile

 

/ˈəːstwʌɪl/

 

Learn to pronounce

 

adjective

 

former.

 

"the erstwhile president of the company"

 

Similar:

 

former

 

old

 

past

 

one-time

 

sometime

 

as was

 

ex-

 

late

 

then

 

previous

 

prior

 

foregoing

 

quondam

 

whilom

 

Opposite:

 

present

 

future

 

adverb

 

ARCHAIC

 

formerly.

 

"Mary Anderson, erstwhile the queen of America's stage"

 

 

 

Same, same 😎

[Sutton_blows_goats 5,335]

2 hours ago, forlanssister said:

I note it being reported elsewhere that our erstwhile Chairman threatened to put us into adminstration unless his loan was repaid, the one with tge 8% coupon iirc.

 

I'm sure he had the clubs best interests at heart though. 

So what, people fall out all the time, big egos  etc etc 

[RANGERRAB 3,663]

1 hour ago, Sutton_blows_goats said:

So what, people fall out all the time, big egos  etc etc 

So should supports groups ( one in particular) be buying his shares?

[forlanssister 3,114]

1 hour ago, RANGERRAB said:

So should supports groups ( one in particular) be buying his shares?

They should be investing directly in Rangers surely? 

[buster. 5,186]

6 hours ago, RANGERRAB said:

So should supports groups ( one in particular) be buying his shares?

That is obviously up to the members but your quesion could lead us to what IMO is the real issue.

 

DK has from way back looked to influence and essentially capture C1872 for his own purposes.

 

However, like several things in the past, he has come up short or lost the investment, eg. Rangers v SDI, lost 20M Rangers/Sir Duped. Further back Dave King v SA Tax Authorities. 

 

Now he wants to sell his shares. He had the C1872 executive primed to push it forward and it has predictably bombed. 

 

Once money goes into the club, it is very difficult to recuperate all of it, never mind make a profit. That goes for anyone, including previously successful businessman. There is no sign that will change and that is why you have to ask where do asset strippers plan on making money with Rangers.

 

What next for DK ? 

 

I don't know if the story is true, about threatening Rangers with pushing them toward administration if we didn't pay him back his loan. The problem being I don't trust Mark Dingwall, who I know will always be prepared to bend truth for others (sometimes for the greater good), nor do I trust Dave King that he wouldn't make what would probably have been an empty threat.

 

Is he somehow involved with this apparent interest from Kyle Fox and the company she represents ? If Paul Murray is/was, then very possibly but really, I don't know.

 

The current board are certainly reaching a difficult juncture.

One that shows just how difficult it is to make a a club accustomed to run at a loss into a sustainable business and keep everyone happy.

 

 

 

Edited October 24, 2022 by buster.

[Scott7 6,004]

12 hours ago, Sutton_blows_goats said:

So what, people fall out all the time, big egos  etc etc 

…. and the enterprise fails.

[Scott7 6,004]

3 hours ago, buster. said:

The current board are certainly reaching a difficult juncture.

One that shows just how difficult it is to make a a club accustomed to run at a loss into a sustainable business and keep everyone happy.

Correct.Was Lawrence Marlborough our wealthiest ever owner? Even he had to turn off the tap after a few years.