Rangers Then, Sevco Now, Scotland's Shame Forever....

[notinmyname]

Let’s all laugh at Sevco debt

Let’s ‘move forward’ & land Aberdeen with £30m debt

...big difference between debt incurred through re-current operational overspend and debt for an infrastructure project and structured accordingly?

[Aldo1983]

...big difference between debt incurred through re-current operational overspend and debt for an infrastructure project and structured accordingly?

Is there though? There's no guarantees that our new stadium will attract more or even the same amount of fans. We could be paying it off for the next 100yrs. The last debt we had was apparently "structured accordingly" and it choked us to death on the park.

[Jupiter]

The new stadium won't attract any fans if they have to wait for hours to get on a shuttle bus.

[LED]

I'm hearing chatter that the huns are thinking about voluntary administration. This follows the statement last night regarding the wording " looking at all options" , but are wanting clarification about what punishment they would receive ie old club or new club.
Ican see whyb but I'm not sure is admin is an option for them since all the soft loans are from directors.

[Joey_Harper]

I see voluntary administration as an option when the nasty faceless bank is the big creditor that loses out but when it’s the 3 bears (Goldilocks should have killed the *******s when she had the chance) I don’t see them writing off their own loans to get another clean slate.

[LED]

I see voluntary administration as an option when the nasty faceless bank is the big creditor that loses out but when it’s the 3 bears (Goldilocks should have killed the *******s when she had the chance) I don’t see them writing off their own loans to get another clean slate.

True, unless ofcourse they know that there isn't a rats chance in hell that the club can pay back those loans.

[afc1903mad]

True, unless ofcourse they know that there isn't a rats chance in hell that the club can pay back those loans.

It’s all in a plan.

They tried to have a shares option, which was not voted through.
These soft loans will be converted into shares as a way of paying off.

[RedStarTorphins]

True, unless ofcourse they know that there isn't a rats chance in hell that the club can pay back those loans.

At their AGM on Nov 30th there will be a share issues passed which will convert their loans to shares.

Ashley’s votes blocked this last time by about 0.5%.
He’s not around this time to stop it.

Expect positive media spin in the papers on Dec 1st.

[Pacman1903]

I see voluntary administration as an option when the nasty faceless bank is the big creditor that loses out but when it’s the 3 bears (Goldilocks should have killed the *******s when she had the chance) I don’t see them writing off their own loans to get another clean slate.

"Another"? The old club were liquidated.

[JuanFatche]

"Another"? The old club were liquidated.

Yes, so that's the first clean slate...