Rangers takeover: Deal agreed in principle

[Uilleam 6,224]

It's a cash flow issue, surely. In days gone by, Rangers, and other Clubs,  would borrow during the season from outfits like TicketUs, secured against future season ticket sales. 

Perhaps this avenue is closed due to the cantraips of Wealth off the Radar Man. 

So, the Club borrows from Macquarie, and assigns future transfer income -instalments outstanding on, say, Lammers, and Colak, and any others- to the lender. It doesn't seem to be much more significant than an overdraft.

We might wonder why the Club is not using future season ticket income as security. Perhaps transfer monies already owed is seen as less risk in a time of change, as 'money in the bank', and with less risk, less interest. 

I have posted this without consulting East End Financial Wizardry Ltd, and thus I could be wrong and total pillage and destruction could be imminent. 

 

 

[Ready1314 58]

1 hour ago, Bluedell said:

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.

The loans look as though they are for loan transfer money expected by the club , what if none of these deals go through and all the overpaid garbage are sent back to the club ? Thats not an exaggeration either , it could happen.

 

[Ready1314 58]

1 hour ago, JohnMc said:

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. 

Taking a loan out on future loan transfer cash is utter madness and just shows the club is still being run by shysters.

I dont know how anyone can justify any of this or see any of it as a positive , each to their own I suppose.

[Bluedell 5,928]

17 minutes ago, Ready1314 said:

The loans look as though they are for loan transfer money expected by the club , what if none of these deals go through and all the overpaid garbage are sent back to the club ? Thats not an exaggeration either , it could happen.

 

It looks as if they are in respect of transfers that have already been completed. If so, the cash is guaranteed and the loans are just short term finance until the cash is received. 

[Ready1314 58]

1 minute ago, Bluedell said:

It looks as if they are in respect of transfers that have already been completed. If so, the cash is guaranteed and the loans are just short term finance until the cash is received. 

Not anything i have read , what transfer deals are already done ? Many saying its players who are out on loan and theres not one of them agreed to any deals yet.

[BEARGER 1,864]

2 hours ago, Ready1314 said:

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.

Like most loans it can be paid back early, e.g. when the takeover takes place. As has been pointed out we are due £M’s from previous transfer deals. Who cares about share dilutions? Money goes to club or pays off loans are you not happy with that?

[BEARGER 1,864]

As called by @Chris_Jack89, the Rangers takeover is on course to be completed by May.

It's understood that there will be at least two appointments made by the San Francisco 49ers to the boardroom.

Rangers will not be a feeder club to Leeds United. 

#LUFC #49ers

[Rousseau 11,467]

 

[Rousseau 11,467]

Rangers takeover deal timeline revealed after key milestone reached

 

> The Rangers takeover deal has moved a step closer to completion after the key parties received their first tranche of the legal paperwork required to bring about regime change at Ibrox.

 

> And the Rangers Review understands the multi-million-pound transaction is on course to be completed by the end of May as high-level negotiations continue behind the scenes.

 

> Discussions over the blockbuster move started in October and talks remain positive as major players on both sides of the deal look to put pen-to-paper. Paraag Marathe, the chief executive of 49ers Enterprises, and health insurance tycoon Andrew Cavenagh are on the brink of an agreement that will herald in sweeping change around the boardroom table.

 

> Former chairman Dave King told the Rangers Review last month how the deal would be his ‘legacy’ at Ibrox as he prepares to sell his major shareholding in RIFC plc. John Bennett and Barry Scott are also expected to offload their entire shareholdings as part of the agreement.

 

> Several other key figures will sell a percentage of their stock to ensure the American consortium have a controlling interest of 51 per cent in Rangers. It is believed at least two appointments will be made to the Ibrox board once the transfer of power has been finalised.

 

> It is understood that the main players in the deal received the first formal proposals for their consideration at the start of the week. The main paperwork has not yet been finalised but initial documents are now under review. A source has told the Rangers Review that discussions are progressing and it is likely to be signed and sealed within the next couple of months.

 

> That would herald in a new era at Ibrox ahead of the new campaign. Moves to appoint a sporting director are being overseen by Patrick Stewart, the chief executive officer. A host of names have already been linked with the managerial post that will become vacant when Barry Ferguson’s stint as interim draws to a close at the end of the campaign.

 

> The deal with 49ers Enterprises and Cavenagh could be transformative on and off the pitch at Ibrox. Marathe is currently the chairman of Leeds United and he has dismissed suggestions that Rangers could become a feeder club as the Elland Road outfit look to secure their promotion back to the Premier League this term.

 

> “We always have our eyes and ears open, we’re always looking at other opportunities,” Marathe said. “Multi-club from the standpoint of a hierarchy – that’s not really how we’re looking at it. We’re looking at it as almost standalone.

 

> “Leeds United stands alone and if we were to pursue another club, that club would stand alone. Are there benefits to having leadership and ownership of multiple clubs? Absolutely, with what you could share and do on the commercial side, even sometimes on the sporting side.

 

> “But we don’t really look at it and we haven’t contemplated it as one club as a feeder club to another. Each club deserves all of our attention and effort.”

 

https://www.rangersreview.co.uk/news/25000485.rangers-takeover-deal-timeline-revealed-key-milestone-reached/

[buster. 5,473]

36 minutes ago, Rousseau said:

Rangers takeover deal timeline revealed after key milestone reached

 

> The Rangers takeover deal has moved a step closer to completion after the key parties received their first tranche of the legal paperwork required to bring about regime change at Ibrox.

 

> And the Rangers Review understands the multi-million-pound transaction is on course to be completed by the end of May as high-level negotiations continue behind the scenes.

 

> Discussions over the blockbuster move started in October and talks remain positive as major players on both sides of the deal look to put pen-to-paper. Paraag Marathe, the chief executive of 49ers Enterprises, and health insurance tycoon Andrew Cavenagh are on the brink of an agreement that will herald in sweeping change around the boardroom table.

 

> Former chairman Dave King told the Rangers Review last month how the deal would be his ‘legacy’ at Ibrox as he prepares to sell his major shareholding in RIFC plc. John Bennett and Barry Scott are also expected to offload their entire shareholdings as part of the agreement.

 

> Several other key figures will sell a percentage of their stock to ensure the American consortium have a controlling interest of 51 per cent in Rangers. It is believed at least two appointments will be made to the Ibrox board once the transfer of power has been finalised.

 

> It is understood that the main players in the deal received the first formal proposals for their consideration at the start of the week. The main paperwork has not yet been finalised but initial documents are now under review. A source has told the Rangers Review that discussions are progressing and it is likely to be signed and sealed within the next couple of months.

 

> That would herald in a new era at Ibrox ahead of the new campaign. Moves to appoint a sporting director are being overseen by Patrick Stewart, the chief executive officer. A host of names have already been linked with the managerial post that will become vacant when Barry Ferguson’s stint as interim draws to a close at the end of the campaign.

 

> The deal with 49ers Enterprises and Cavenagh could be transformative on and off the pitch at Ibrox. Marathe is currently the chairman of Leeds United and he has dismissed suggestions that Rangers could become a feeder club as the Elland Road outfit look to secure their promotion back to the Premier League this term.

 

> “We always have our eyes and ears open, we’re always looking at other opportunities,” Marathe said. “Multi-club from the standpoint of a hierarchy – that’s not really how we’re looking at it. We’re looking at it as almost standalone.

 

> “Leeds United stands alone and if we were to pursue another club, that club would stand alone. Are there benefits to having leadership and ownership of multiple clubs? Absolutely, with what you could share and do on the commercial side, even sometimes on the sporting side.

 

> “But we don’t really look at it and we haven’t contemplated it as one club as a feeder club to another. Each club deserves all of our attention and effort.”

 

https://www.rangersreview.co.uk/news/25000485.rangers-takeover-deal-timeline-revealed-key-milestone-reached/

Looks like an article forced out there to maintain a positive vibe amongst the fans after the need to revert to a high interest bank facility. 

 

Regarding cashflow.

If we go through tomorrow against Fenerbache, it would mean an extra home tie and 2.5M euros participation money for quarter finals. Would plug a good bit of the hole from missing out on CL play off round cash.