Naming the Rose

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Scapaflow14 says: Thursday, October 18, 2012 at 16:09 1 0 …

Comment on Naming the Rose by Agrajag.

scapaflow14 says:
Thursday, October 18, 2012 at 16:09
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Agrajag says:
Thursday, October 18, 2012 at 16:01

Aye, it is copied word for word from the Davie Murray play book, “Round and round she goes, where will she stop, no-one knows”, No-one except the bunko artist running the stall.

I don’t think Scotland is to wee to be independent, but I do wonder if some of us are too stupid

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Or not stupid enough.

Agrajag Also Commented

Naming the Rose
scapaflow14 says:
Thursday, October 18, 2012 at 15:48

Eminently sensible

To give prospective buyers the illusion that their mney is backed by £80m orth of assets should offer them some comfort.

Such a shame it is nonsense.


Naming the Rose
scottyjimbo says:
Thursday, October 18, 2012 at 11:56
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Don’t know the legal definitions, but did Craigie in effect openly admit, that when he stopped paying PAYE, etc, because he had no other option, that he was Trading while Insolvent?

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Correct.

Craig Whyte told the nation, on television that for months Rangers could not pay their bills as they fell due and were therefore trading whilst insolvent.

He also told the nation that he had discussed this situation with the Scottish footballing authorities, whose reaction was to ” be supportive”.

He admitted that he should probably have put the business into administration before the season had even started if I remember correctly.

Wow, just wow!


Naming the Rose
readcelt says:
Thursday, October 18, 2012 at 08:13

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HMRC would have rejected the CVA even without Rangers stealing the additional £14m and spending it on running the club.

They already had debt way over the 25% they needed, particularly if, as it seems was the case, Ticketus never lodged a claim.

The amount at Tribunal is a debt for the purposes of the administration, as noted in the administrators report so HMRC effectively decided what happened. No-one else’s vote mattered and it was all a cosmetic exercise.


Recent Comments by Agrajag

The Real Battle Begins?
If they raise money through the floatation, use that to renovate the stadium and re-build the club, get it back to the SPL and competing in Europe then it will be a much more attractive sale. Particularly if it is debt free.

The holding company can then sell the club, 100% of it, without any pesky fans in the way.

The fans will then have shares in a business which they have no interest in. They are not buying shares in their club, they are buying shares in a company which could quite easily sell their club some time in the future.


The Real Battle Begins?
goosygoosy says:
Saturday, December 8, 2012 at 16:07

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A disclaimer regarding the asbestos risk, and no sight of the title deed does not seem to be a very thorough valuation.

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Condition of Buildings

Our inspection of the subjects did not constitute a structural survey nor did we inspect woodwork or other parts of the structure which were covered, unexposed or inaccessible. Also, the various services have not been tested and we are not in a position, therefore, to report that any of the properties are free from defects.

We have not had sight of an Asbestos Risk Assessment relative to the subjects and cannot report that they are free from risk in this respect. Accordingly, we have made the assumption that such an investigation would not disclose the presence of any such material in any adverse situation or condition.

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But bear in mind this is a Depreciated Replacement Cost, as I understand it, how much it would cost to rebuild the stadium, as opposed to a value if they were to sell it.

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IBROX STADIUM, 150 EDMISTON DRIVE, GLASGOW

Total value, calculated on a Depreciated Replacement Cost
basis –

£65,200,000 (SIXTY FIVE MILLION TWO HUNDRED THOUSAND POUNDS)
allocated as –

Buildings
£61,500,000 (SIXTY ONE MILLION FIVE HUNDRED THOUSAND POUNDS)

Land
£3,700,000 (THREE MILLION SEVEN HUNDRED THOUSAND POUNDS)


The Real Battle Begins?
Release the prospectus and announce the controversial Traynor appointment at the same time.

Hmmm!


The Real Battle Begins?
Yes Jim, your peurile spat with Chic live on radio was really professional and uplifting.

Oh and Rangers did cheat the tax man, out of at least £20m, and they did hide records, and procrastinate, and they did try to mislead and conceal. And they did do the same with the Scottish football authorities.

You were wrong, again.


The Real Battle Begins?
Can “The SPL” actually just change it’s basic structure.

I thought The SPL was the members, the teams in it. So in order to change anything they would have to vote on it and agree that new structure.

That would be the same teams who voted that Rangers could not be forced into the SPL not that long ago. Do people think that has changed significantly, or that the supporters of those clubs would feel any differently than a few months ago.


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