Rangers takeover: Deal agreed in principle

[BEARGER 1,861]

5 minutes ago, Scott7 said:

What happens if transfer income is insufficient to repay the loans?

We don’t know how much is being borrowed or over what time frame. I don’t think there’s anything to worry about here, the board have to continue to run the club in the meantime. Directors will be reluctant to put more money in in the present circumstances, this is a cleaner way to deal with a cash flow in the short term. All will be sorted when taker over goes through.😀

[compo 7,681]

Sitting watching the champions league and the new owners must make qualification for this tournament a must the club is losing out on a fortune 

[Sutton_blows_goats 5,971]

https://x.com/mailonlinescot/status/1899520717420392683?s=46
 

garbage like this gives me major 🚩🚩🚩🚩🚩vibes

[compo 7,681]

Would the prospective new owners need to be made aware of this loan 

[Bluedell 5,928]

55 minutes ago, compo said:

Would the prospective new owners need to be made aware of this loan 

Yes. Given there's an agreement in place, only subject to due diligence, it would be normal for the new owners to issue a document to say what needs their approval. It would seem that the loan is significant given it needs to be lodged at Companies House (although it's not been published by them yet).

[Ready1314 58]

Shares being diluted every other week and now we are taking loans on future transfer money , the club really is a basket case ran by crooks , just like when Whyte destroyed us.

Its a never ending downward spiral.

[Ready1314 58]

12 hours ago, BEARGER said:

We don’t know how much is being borrowed or over what time frame. I don’t think there’s anything to worry about here, the board have to continue to run the club in the meantime. Directors will be reluctant to put more money in in the present circumstances, this is a cleaner way to deal with a cash flow in the short term. All will be sorted when taker over goes through.😀

We are taking loans out on hopefully future deals done for players who are out on loan , and you dont think theres anything to worry about ?

Two share dilutions in the last few weeks and now this nonsense.

This is up there with Craig Whyte levels of dishonesty , we just go from bad to worse.

[Bluedell 5,928]

12 minutes ago, Ready1314 said:

Shares being diluted every other week and now we are taking loans on future transfer money , the club really is a basket case ran by crooks , just like when Whyte destroyed us.

Its a never ending downward spiral.

How is it run by crooks and who cares if shares are being diluted if it's reducing the debt of the club?

[JohnMc 3,088]

13 minutes ago, Ready1314 said:

Shares being diluted every other week and now we are taking loans on future transfer money , the club really is a basket case ran by crooks , just like when Whyte destroyed us.

Its a never ending downward spiral.

I'm all for caution but I think your concern is over the top. The shares issue is clearly turning existing loans into shares ahead of the 'sale', I really don't think it's anymore than that. The loan is for cashflow, we've relied on directors providing money at this time of the season in the past, we can't now, so we've borrowed. It's not ideal, but it's not criminal. 

I really think describing our current board as 'crooks's is really unfair. They've made mistakes, no doubt, but there is no comparison to Whyte, none at all. 

[Bluedell 5,928]

If the loans are relating to transfers that have already taken place and we're just using them for short term finance until we receive part of the fees due then it's purely timing. We were due £12m in transfer fees 8 months ago, and some of that will not have been received yet.