was wondering how long it would take for someone to put this up

The word 'if' is the main one. Two letters
huge meaning. If Celtic won the League
in 2009 Rangers could be insolvent.
If Sammy put his penalty six inches higher
the Tims would be having a great summer.

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Yawn, yawn ...yaaaaawwwwwnnnnnnnnn

I am absolutely sick of hearing these Celtic fans who supposedly know the ins and outs of Craig Whyte. The guy has been here 2 minutes and he is being demonised. I will reserve judgement until I see what decisions he makes. The reality is the press and Celtic fans are guessing. Surpirse, surprise they pick the negative on every single thing Rangers do.

There are none so blind as those that will not see

good to see you irvine

dont know what the story is with all this to be honest, its an odd one.

what i will say though is there must have been a reason some members of the rangers board put up a bit of a fight to stop this deal going ahead, who knows, but if this is true has whyte actually pledged any of his own money. seems to me like its shifting debt from one account to another rather than paying it off.

This demonstrates why I don't read crappy tabloids anymore.

Anyone with half a brain following the Rangers takeover who fully read the material presented on the 6th of June would have known this information already. As I understand it this is a potential step to take if the disaster scenario unfolds with the tax case. This would be one way of raising the revenue to meet the liability. As the season tickets can be used as an asset this is a way of meeting the liability without plunging Rangers into administration.

The plan is to mortgage off 25,000 season tickets over a period of 4 years. If Rangers win the tax case then this approach does not need to be taken and Rangers become highly solvent if this happens. Why has it taken until now to break this "exclusive" when anyone with half a brain knew about it from the 6th of June!!!!

Also the part about McCoist finding out his budget!!!!!!Was that not done two weeks ago according to the press. Was that not when the stupid 12m figure was banded about in the press. Why would representatives of a player be flying in if Rangers did not know what budget they have!!!!!!

Irvine, I thought you carried a similar attitude to the tabloids to be honest.

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bluetoon

im not a tabloid man myself either, "record sport understands" its pretty much, "we're making this up..."

its been an ongoing debate though about whytes capabilities.

might come good, might not. what im saying is that its up in the air a bit.

Oh and can i just say if Rangers are financially ruined then others before Whyte will be resposnible including in a small way the fans of the club. No fan representative ever came out when we were splashing 12m on Flo saying we shouldn't be spending big money in that way.

As for Whyte he is gambling on the outcome of a tax case. If we win the tax case then Rangers will be in a great position in terms of all of its margins due to the period of austerity and Whyte has bagged himself some worthwhile assets. If Rangers lose the tax case then whilst that will be bad for the club, Whyte has the season ticket money as ana asset to cover the liability and still has fixed assets available to cover his outlay.

He is speculating but by all accounts that is how he has made his money. Of course he could have followed the Celtic model and waited for the club to go to the brink of financial ruin before buying the club but he has taken an early gamble to get in pole position.

Irvine - why are you posting your pash on the Champions board, according to your profile your a Celtic fan therefore your not a Champion so why are you here?

"This demonstrates why I don't read crappy tabloids anymore."



We get the populist press we deserve. If they didn't have a readership of gimps they would soon enough change their style...But they do, so...

My understanding of the concerns of the old board were that the only people benefiting from the deal immediately were the bank and ultimately Mr Whyte. the concern they had was that investment in the team would not take place immediately as Whyte is now awaiting the outcome of the tax case.

On the basis of who we have been linked with and the level of deals involved it would appear that Whyte wants to hold back investment until the tax case is resolved.

I have no doubt though if we had stuck with the bank there would have been further cost cutting this summer with little transfer budget meaning we would have had to have gone with kids next season in conjunction with a rookie manager. Look at how Celtic did in the early 90's as to how that would have went.

At least with Whyte there will be some investment and we should be able to remain competitive.

There are none so blind as those that cannot see?

I would argue 'there are none so blind as those who see the Daily Record as a credible source of information.'

Keny - good to see you back too

Bluetoon - tabloid or not mate there's enough intrigue and mystery surrounding Whyte's finances to fill a Le Carre novel.

bluetoon

how much investment though? whyte was out a few weeks ago saying the tax issue isnt a concern but like any buisnessman it would be foolish not to have a plan in place for it i suppose.

that said, whens will the results of the case be released?

comment by Irvine No1 (U1006) posted 25 minutes ago

There are none so blind as those that will not see


____________________________________

And there are those who blindly follow the Daily Record....

And there are those (me) who will have an open mind and open eyes and take nothing for granted. We can only wait and see.

We can only wait and see.

exactly, truth be told, none of us know enough about it.

"If this is true it does not bode well for your fine club."

If it's in the Daily Record then it probably isn't.

True, I mean.

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In the same way there was intrigue and mystery about Fergus McCann when he first came on the scene.

As I see it anybody wanting to buy Rangers had two choices.

The first choice was to follow the Celtic model and let the club be run down, attendances dropping, finishing 3rd, 4th in the league on a regular basis and get to the brink of financial ruin. Then the club can be bought for next to nothing and you immediately have goodwill on your side as you are seen as the hero coming to the rescue. You could even throw in a wee line about the rebels winning

The second choice was to gamble on the outcome of the tax case knowing that there are assets to cover your liability leaving you in a position of control. The gamble of loss though is outweighed by what can be gained from winning the tax case. What makes it even more remarkable is that beyond assuming the 18m debt all Whyte had to pay was a £1 when at one stage he was going to have to fund at least £6m.

Now in all honesty whilst I am a fan I would have as a businessman taken the first approach. There is little risk and the benefits are enormous. I also think there are enough fans with money who probably would have taken this approach. In fact Whyte must have saw that the other Mr Murray was willing to invest 10m+ in the playing staff if the old board were still in control putting him in prime position if Rangers were on the brink. Therefore Whyte has went with the gamble.

The questions of Whyte for me will start once the outcome of the tax case is known as that is what everything is staked on.

In the meantime all I can hope is that he invests even a small bit so that we remain competitive.

The Scottish media have extremely limited access to the Old Firm - hence they are forced into this kind of speculation. You'll notice the quote in the article is from "a Rangers supporter with financial expertise" .....wow ...that's an amazing source so it is ...not even a name. Just a random bloke who works in finance. The support are not blind; Whyte must be given an opportunity to prove what he can do first. Until then, I'll reserve any judgement no matter what garbage is spouted by the desperados in the tabloids or written press.

zachsda

its hard to tell as i have said, none of us really know, celtic fans are inclined to believe the worst and rangers fans are inclined to believe the best, thats just how it is.

just with this "revelation" if it has any at all substance ( by the way im told that this has come from phil mcjkdfgjsfkgjds ) along with johnstone and other board members parting words, it leaves a lot of questions.

who knows, time will tell.

Morning champs

All paper talk and sounds like bull to me.Whytes here for 10IAR

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