In an interview in yesterday’s Scotland on Sunday prospective Rangers owner Charles Green came up with a remarkable justification for loaning the £8.3m he proposes to put into Rangers if a CVA is accepted instead of putting the money in as equity. The loan will be repayable with a healthy interest return for investors.
Green said “The reason it is a loan is because I never wanted the 26,000 existing shareholders diluted and destroyed. If I put all those monies in as equity on the first day, they would have been down to nothing. This is a classic example of where I have spent hours with my advisers and paid them big fees to protect the minority and I am now the bad guy, this crooked guy who is putting a loan in to take 4000 per cent interest on it.”
Rangers 26,000 minority shareholders are unlikely to know what percentage of the club they own, or worry too much if that percentage is diluted, but this ‘concern’ is utilised by Green to justify his return.
We like this guy. I hope he hangs around.
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Snake Plissken – A good point but the current system allows Thatchers to be foisted upon us with little or no recourse to stop policies.
One of the downsides of living in a democracy is that sometimes you have to accept that the majority don’t agree with you. The UK is a democracy and Scotland is a willing component of the UK. Mrs Thatcher wasn’t “foisted” on anybody, at least not any more than Tony Blair was or Ted Heath was or Harold McMillan was.
The EU, on the other hand, is not a democracy. It is an incipient oligarchy. We have no democratic say whatsoever in choosing Herman Van Rompuy, its so-called “President”, or any of his henchmen. We have a tiny say in the election of the relatively toothless European Parliament, which isn’t a viable democratic institution anyway because there is no European demos for it to serve.
And the SNP thinks further subsuming Scotland into these undemocratic, unstable, and unaccountable structures – where Scotland’s voice would be a reedy little squeak amidst a crumbling Tower of Babel – is “independence”? (thumbsup)
Afternoon all – not been on in a while as I actually had to do some work!
What about this scenario re the huns?:
CVA is put out to a vote. HMRC accept, however before the cooling-off period ends, issue the FTT result, revoke CVA acceptance and move to appoint liquidators?
Is this a possiblity? I hope so!
Apologies if already discussed and for interrupting the ole CQN Independence debate!
Oh and as for the Victor stories – how desperate can the MSM get? Complete nonsense!
Hail Hail
Tombola
Che on 11 June, 2012 at 13:07 said:
Imagine the furore if Michelle Moan was present?
After the baby Mulgrew incident I think she would have called Interpol…or team America!!
“No!” to Independence.
“Yes!” to Jelly and Ice Cream. I’m just back from Tesco and I’ve got mine in for Thursday.
Fin75 on 11 June, 2012 at 13:16 said:
To be fair my (first) wife and I did something similar years ago whilst on holiday,
on reflection wish it had been her Id left in the eating place.
Philvisreturns
Fine but how many times did Scotland vote for Thatcher in a majority? Then in 1992 Major was also foisted on Scotland after Scotland massively had red carded the Tories. I consider that against the will of the people (not the peepel).
It’s like Scottish MPs voting on English legislation and forcing through Tony the Phoney’s agendas or the mental top up fees English students must now pay (meet the new boss same as the old boss) – equally unfair but they’ve been doing for longer to Scotland than in reverse.
I don’t like the make-up of the system and would like it changed
That’s all I mean.
I’m not going near the EU.
TomtheLennytim
Logged in now and awaiting your call………………………………
As embarrassing as U Turns are for any politician, David Cameron’s back to the pub must surely take the biscuit.
Cameron has to go now surely.
HH
Che on 11 June, 2012 at 13:20 said
I expect the MSM to spin it tomorrow……and blame oor Lenny!!
Snake Plissken – Fine but how many times did Scotland vote for Thatcher in a majority? Then in 1992 Major was also foisted on Scotland after Scotland massively had red carded the Tories. I consider that against the will of the people (not the peepel).
Snake, Scotland is a willing part of the United Kingdom and thus is bound to accept the results of UK-wide elections.
To put it another way, it’s quite common for an MP to be elected despite the majority in his constituency voting for other candidates. That may or may not go against the will of the people, but we don’t tend to see people rushing towards separatism as a result.
If the Scottish people change their minds on the Union, they are free to leave. I don’t think that will happen in the foreseeable future though. Neither does Alex Salmond, or he’d have held a referendum as soon as humanly possible instead of kicking it out as far into the future as he dared.
It’s like Scottish MPs voting on English legislation and forcing through Tony the Phoney’s agendas or the mental top up fees English students must now pay (meet the new boss same as the old boss) – equally unfair but they’ve been doing for longer to Scotland than in reverse.
I don’t like the make-up of the system and would like it changed
It’s an imperfect system and will always be, but it’s served us pretty well so far. The greatest benefit of being part of the UK is probably the most underrated: the benefit of stability in an uncertain world.
How many constitutions, revolutions, currencies, and civil wars have our European neighbours gone through over the past couple of hundred years or so? (thumbsup)
Che
I suppose political chat is better than working :>)
Hx2
Here’s a very simple argument for Scottish independence (although you’d think an argument against British Unionism would be redundant on this forum)…
If you’re forty and have another forty years left to live, roughly twenty of those years will be spent under a Tory government that neither you, nor anyone else in Scotland, elected.
Emdae sense a bit of gloating in jackshuns headlines. “DIRELAND” “Euro roasting” “Irish Given a doing”
At least they were there!!
You’de think this clown wd still be under some snakes belly after trumpeting Whyte in to town!!
not been on for a while.(been lurking though).
Can some one please tell me what the msm have been saying about our Vic.
Whilst the PM is on holiday with the family, who’s running the country? Don’t tell me it’s that Liberal Loon!
Got to go my flights boarding!
Hx2
Snake Plissken
Just read your reply. Yeah I think sometimes it would be great to live in an independent country.
Then I see a guy that sits in a court and admits he set about Neil Lennon with TV coverage to prove it and ordinary scottish folk say he is not guilty.
I also see two guys up for making bombs, one of whom admits it and they only get done on a majority which means some ordinary scottish folk tried to get them off.
Independent Scotland? No thanks…
All the talk is about the CVA proposal on Thursday, isn’t Friday the final day for audited accounts from rfcIA to be given to the SFA?( should have been the 31st March) Will Duncaster fall silent again, will he give them another few months to comply?
I suspect Duncaster will be hiding in his wardrope all weekend sucking his thumb.
No to Newclub
Kick them oot now
HH
BDO??? Lossing it sorreee!!
Weatherseal Home Improvements Ltd (Weatherseal) and the Scottish Premier League (SPL) today (Monday 11th June 2012) announced an exclusive partnership which sees Weatherseal become the league’s “official home improvement partner”.
Launched on the first day of business after the transfer window opened on Saturday, Weatherseal is the SPL’s first big signing of the summer after a significant undisclosed six figure deal was unanimously rubber stamped by the twelve SPL clubs.
The SPL’s new partner aims to engage with clubs, players, supporters and the media alike to support and promote Scottish football in a highly proactive fashion.
SPL chief executive Neil Doncaster said: “The SPL is focused on supporting SPL clubs financially as much as possible and I am delighted to announce a new partnership with Weatherseal, the first “official home improvement partner” of the SPL.
“The Weatherseal brand is thriving in Scotland and working with such a strong brand will complement our other commercial partnerships with the Clydesdale Bank, Coca-Cola, Thomas Cook and William Hill. Weatherseal have a number of innovative ideas to maximise the benefits of our partnership and we are very much looking forward to working together over the coming season.
“This announcement demonstrates there is a strong appetite amongst brands to be associated with the SPL.”
Tony Reilly, group managing director at Weatherseal added: “We are delighted to have concluded this deal with the SPL, and are very pleased to be part of Scottish football as the summer’s first signing. So many of our customers are huge football fans across the country and we see tremendous synergy between the vibrancy of our brands.
“Local communities have been good to our brand over the years and we want to give something back by supporting their teams, so we’ll do everything we can to help the league to improve in every sense. This is a real partnership.”
Funny that, a large group of people get to take part in a vote with absolutely no profit for anyone.
Is that the referendum or just the CVA vote?
In either case, a Yes vote will screw Scotland.
Hi to everyone even lurking huns!
Blantyretime I’ve sent you mail (AOL)
Had a bad case of Salmonella poisoning so not up to my best!
new article posted.
Philvisreturns
I don’t think the Scandies have had too many currency changes or civil wars in the last 200 years and they are better run places than the UK.
This is all I have to say on the matter as I need to go to work in 5 minutes.
have a nice day everyone.
I will miss the England and France game.
Pity.
Quite. Reminding the likes of Jackson and Grieve in the Sun that Croatia is 88% Catholic would give me immense pleasure. Might stop them punching the air in whatever ayrshire/lanarkshire/fife/midlothian hovel they’re watching the games in…
Would have liked to have Bilic as Sellick manager instead of BTM. He was the outstanding candidate at the time but wasn’t interviewed.
The 2 leaders? Frankly, as people have pointed out, being left in a pub at age 8 is probably the least of what my parents put me and my 3 siblings through during the 1970s. Bored with the story already – irrelevant to Dave’s working day.
Salmond displayed a greater lack of judgement by referring to rangers as adding to part of the fun of scottish football and admitting that he had spoken to the admins and the revenue. Shameful and I am unwilling to vote for Independence in the vain hope that better politicians present themselves in this new dawn. Too big a risk.
jude2005 is Neil Lennon \o/ on 11 June, 2012 at 13:35 said:
Emdae sense a bit of gloating in jackshuns headlines. “DIRELAND” “Euro roasting” “Irish Given a doing”
At least they were there!!
You’de think this clown wd still be under some snakes belly after trumpeting Whyte in to town!!
No accounts
No players
No training ground
No stadium
No season book sales
In & out of court for the next five/ten years
Joker after joker washing up with ever more deluded schemes
RFC(ia) becoming a fading memory
SDM finally doing a tell-all
Davy Dodds expanding on the other tax ‘minimisation’ schemes he was offered
Members of the LL receiving back-dated tax bills for EBTs
Employees of other organiations ‘fessin up to receiving ‘benefits’
Agents are asked to explain the side-letters to HMRC
RFC(ia) are asked to explain the side-letters to HMRC (and possibly SP)
RCO explaining his word blindness whilst co. secretary at RFC(ia)
ERNIE LYNCH
Good to see you back on the site.
That was some Jubilee celebration you had,you were away for ages!
Even Her Maj chucked it after a few days…….
Aldersyde avenue ……KTF……there is no way that CVA is acceptable, unless ther have been a few folk working behind closed doors ….
‘crushed nuts?’ ‘Naw, Layringitis!’ on 11 June, 2012 at 13:58 said:
Every time I read one of your posts, it crushes my nuts …….!!!! ……LOL
BRILLIANT……!!!!!!!!
Well it’s only taken me almost 50 years but the events of the last two to three years and the continued exposure of ingrained sectarianism by those in power at all levels in Scottish Society whether political or social have finally done it for me. So today for the first time for me it’s finally 1-0 to the Engerrlaand!