Podcast Episode 2 – Stuart Cosgrove

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From KJ’s hard hitting DR interview GW: I can understand why …

Comment on Podcast Episode 2 – Stuart Cosgrove by beliefsuspended.

From KJ’s hard hitting DR interview

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.

For a broad spectrum of risk, lenders would expect 2.5 – 7% above LIBOR in today’s market ( LIBOR is almost nothing at the moment). If a lender ‘expects’ an APR of ~30% and this is blessed by the NOMAD, it is directionally proportional to the risk.

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Podcast Episode 2 – Stuart Cosgrove
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.


Recent Comments by beliefsuspended

LNS – A Summary
We have an interesting couple of months ahead. Despite absorbing all that I can in the desire to understand the current situation and see a well governed, level playing field, I have no idea if BDO will be granted leave to appeal. I have no idea if the various legal cases involving RIFC will move forward to judgment or whether some accommodation will be reached. The one thing I do know is that the business is unsustainable, the ‘soft loans’ cannot be converted to equity and free money has not been part of any business plan I have ever been involved with. With the failure to approve the appropriate resolutions at the recent AGM, the only solution is the much favoured ‘Sugar Daddy’. It doesn’t look too sweet. 


Why We Need to Change
neepheidneepheid says:
Member: (659 comments)
July 1, 2015 at 7:08 pm

Loving this common thread of transparency


Why We Need to Change
I too agree that TRIFC seem to be making the right level of signings to be very competitive in the Championship and live within their means. They have cut a huge swathe of inflated wages from their outgoings and they have a management who seem progressive and have a good grasp of the fundamentals. They have the potential to be successful once the new leaner, younger squad beds in. Think Hibs last season. However, this is completely at odds with the hyperbole of the new regime and associated media hype. That is an issue for the fans and the Board. The management team have done nothing worthy of criticism yet (IMO).


SFM – The Next Steps
Donegaltim on June 12, 2015 at 11:09 pm

DT, I think that, bizarrely, Murray is the acceptable face of the Board. I don’t think he’s parasitical, but he does appear to love all of the Rangersness of his role and is genuinely happy to do what is asked. Park, Letham, etc don’t want the attention and DCK wants a fall guy. He is the janitor.


SFM – The Next Steps
scapaflow on June 12, 2015 at 7:27 pm

While it is being referred to in our press as a ‘gagging order’, SD essentially proved to the satisfaction of a judge that without an interim interdict, the Directors of RIFC cannot be trusted to meet their contractual obligations with regard to confidentiality. It’s almost as if they believe that they can pick and choose which rules to follow.

This was then seemingly used as justification for not responding to the EGM resolution regarding the loss of the NOMAD at the time of the last EGM. ISDX must be so eager to have this company in its fold.

Scapa, if the reason you postulate for the break in protocol so clearly described by BB is even partly true it is yet another damning indictment of the new Chairman.


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