It Is Better To Offer No Excuse Than A Bad One

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As an ignoramus in these things , does this mean …

Comment on It Is Better To Offer No Excuse Than A Bad One by paddy malarkey.

As an ignoramus in these things , does this mean the concert party now have the properties as security for their loans ? From Lord Bannatyne’s opinion .
I now outline our high level proposal:1. We will provide a minimum of GBP 16m as permanent capital to the club. 50%of the total will come from me and the other 50% on a combined basis from Paul,George, and other high net worth individuals. The fan groups will wish to makesome contribution but I believe it will be symbolic rather than significant.2. We are happy to consider 50% debt at a market rate and 50% equity at 20p pershare. The debt will be for a minimum of 5 years. The debt should be securedagainst Ibrox and Murray Park with some flexibility for future funding ifrequired. We will ensure that the fan groups support the security over Ibrox anddo not task the board with a breach of prior commitments.3. I am happy to commit to all the debt and ensure that, if required, it is in placeprior to the AGM For this to happen we would require irrevocable undertakingsthat the share issue will proceed and that the board appointments will be ratified

paddy malarkey Also Commented

It Is Better To Offer No Excuse Than A Bad One
Has DK been given leave to appeal yet ? Or has the mad rush to mortgage the properties been caused by the need to have all the ducks lined up by January 22nd ? ( eg how long would it take to prepare and print the prospectus ?).


It Is Better To Offer No Excuse Than A Bad One
The January sales begin .

http://www.bbc.co.uk/sport/football/42517180


It Is Better To Offer No Excuse Than A Bad One
JIMBODECEMBER 28, 2017 at 18:36
It’s true if you believe it . Some people believe in the tooth fairy as well (don’t sleep with your head under the pillow).


Recent Comments by paddy malarkey

Who Is Conning Whom?
Not only Scottish football in the doldrums . 

http://www.bbc.co.uk/sport/football/42286363


Who Is Conning Whom?
STEVIEBCDECEMBER 4, 2017 at 18:57 

PADDY MALARKEYDECEMBER 4, 2017 at 18:24…Tom English‏Verified account @BBCTomEnglish Some comedy Celtic bloggers don’t count, sorry

Not guilty , and you’ll never get UPTHEHOOPS’ name out of me !


Who Is Conning Whom?
Sorry about the seemingly random quote posted earlier . The rest of the post appears to have gone awol in the ether . No great loss,truth be told . 03


Who Is Conning Whom?

Those disputing, contradicting, and confuting people are generally unfortunate in their affairs. They get victory, sometimes, but they never get good will, which would be of more use to them.            Benjamin Franklin


Who Is Conning Whom?
JIMMY BONESDECEMBER 2, 2017 at 15:45
Just scroll by . Otherwise you give it the attention it craves .


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