Podcast Episode 2 – Stuart Cosgrove

bogsdolloxPosted on12:58 am - Feb 28, 2014

AuldheidAuldheid says:
Friday, February 28, 2014 at 00:25

john clarke says:

Thursday, February 27, 2014 at 23:55

This is were folks like you come in. There must be a follow up from others asking H&M or the clubs each support and/or the addresses what they intend to do about the letter and Annexes.

The other thing is to open the comments section to get that moving. Probably an oversight as TSFM has been very busy dealing with consequences of the DOS attack.
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I’m assuming the Annexes include Charlotte material re CO’s caught red handedness signing off the Wee Tax Case shenanigans.

Once the Appendices are published on here I will write to Leanne at Fir Park asking for the Clubs views.

beliefsuspendedPosted on2:12 am - Feb 28, 2014

In part of KJ’s hard hitting Daily Record interview, Wallace replied:

GW: I can understand why people might look at it this way. The other way to look at it is it’s no different from any other commercial organisation which would make loan capital available to a business. There is a level of return that they would expect for their money.

In today’s market for good quality debt, lenders would typically expect 2.5-7% above LIBOR for a broad spectrum of risk (LIBOR is almost nothing at the moment). If anyone ‘expects’ an APR of approximately 30% and it is approved by the NOMAD it directly reflects the risk involved.

canuckbhoyPosted on3:29 am - Feb 28, 2014

Fortunately for Mr. Wallace there’s an easy corporate remedy that can solve all this unfortunate confusion (and refute Timmy misinformation) over the state of “the club’s” finances. It’ll further avoid the need for drafting another lengthy statement that takes time away from the important work of the remaining weeks of the 120-day review.

Publish interim accounts, sir.

It’s almost like there’s a reason listed companies do that on a regular basis…

upthehoopsPosted on7:14 am - Feb 28, 2014

Just having a read at Auldheid’s excellent letter. What a fine way to start an already chirpy Friday morning. I await with interest to see what response (if any) is received from any of the recipients.
It does make you wonder just how long the authorities can ride this out. It is clear they have the media on their side and they should be thankful for that, as otherwise they would be gone already.