weasel words? If there is £12M there for new players then say so. On further investigation this £12M is 1.9M to patch up the ground , fix the bogs and tellys. £5M 'ringfenced' whatever that means and £5M for players , which is less than last season.
The fact that he will be owed 28M if the tax 'appeal' goes against rangers means he becomes sole owner of all assets as rangers go into liquidation.
Looks like the bank were prepared to do whatever to ensure they got their cash back with no thought of the club and it seems HMRC will do exactly the same.
rangers, having got bought , won the league I think the tax thing will be 3rd time lucky for Celtic.
The future looking very very unstable despite what fans were told , looks like the people on the Board with doubts about Whyte were NOT just trying to talk up their bid and their fears for the club are there to be seen clearly now.
rangers were told they were debt free by Whyte , seems he was not telling the truth at all.
NEVER put your faith in a venture capitalist , especially one who has been less than honest legally in previous business ventures
http://www.bbc.co.uk/news/uk-scotland-scotland-business-13675873
http://www.scotzine.com/2011/05/from-whyte-knight-to-concerns-over-funding/
What is £12M of 'working capital'?
posted on 7/6/11
Comment Deleted by Article Creator
posted on 7/6/11
posted on 7/6/11
http://www.heraldscotland.com/sport/more-scottish-football/whyte-open-about-threat-of-insolvency-at-rangers-1.1105480
posted on 7/6/11
clearly this is not your area of expertise. are you phil magargoyle in disguise.
posted on 7/6/11
don't shoot the messenger , they don't all write for the daily record. Why is it when you don't like what investigative journalism turns up you dismiss it but will quote favourable speculation as FACT?
The BBC and The Herald are just giving the real story that traynor and all the other succulent lambs don't dare for fear of losing their pension.
posted on 7/6/11
"Rangers were told they were debt free by Whyte"
Were they? When? Where?
And quoting Scotzine's Andy M.... a season ticket holder at the Stade de Gadd!
posted on 7/6/11
Of course you can spot the irony about HMrc cant you?
posted on 7/6/11
And quoting Scotzine's Andy M.... a season ticket holder at the Stade de Gadd!
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who a month earlier published the same story as the BBc but was forced to take it down because of legal threats, seems that the BBc couldn't be intimidated though.
How much of the (snigger) £12 Million is for new players? Bwahahahaha - thought you couldn't be fooled any more but this time you mugs have bought a moonbeam wrapped up in a tennerforeveryfiver and tucked away in a warchest.
Old Bob Marley was wrong , seems you can fool some people all the time.
posted on 7/6/11
Football Premier League Rangers
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In.your.dreams.