No Admin Due Here, Now Move Along Nothing To See

[ed_Scottishfitba1]

The numbers can add up - view external link

[happytim]

what a contradiction, the money is about to run out, so what happens then. what bank would be stupid enough to give money to rangers, that isnt a feasible option, if they cant cut thier cloth now in diddy league 3 how are they going to do it in the 2nd top tier.

as for directors taking a pay cut, seems that is the only option open to them to avoid administration.

you would think common sense would prevail and those directors were already considering this option, however it seems not.

[steviex]

The comment about getting a loan from the bank should worry the sh1t outta Rangers fans if the 350,000 loan they took out before their share issue was anything to go by.

Any loans Rangers get will charge interest rates that are more akin to a Wonga loan than a loan offered to a AAA client from a mainstream Bank.

Anyone can get a loan but do Rangers fans seriously want their club to take on the kinda terms that would be offered to a club with such an atrocious record of financial impropriety (including David Murrays financing days)

It really is if they dont understand what they have been through. Debt is not the answer Debt has been their problem but yet their chief executive is clearly indicating that is an option. Clubs that have been in administration take at least 6 years to get anything that can be considered anything like normal banking services.

[happytim]

supersally will be along to say that it was the oldcompany which ran up the debt so the bank will not penalize the new company for the old companies sins.

any bank that gave rangers credit whether new/old/whatever they like to call theirselves would be off thier heeds.

and how do rangers propose to pay this bank debt back. not as if theyve got champions league football to fall back on.

the way i see it, is if rangers run out of money they are feked unless they get a big return on season ticket money or another share issue.

[Sporting_Abeergut]

Clubs that have been in administration take at least 6 years to get anything that can be considered anything like normal banking services.

They've never been in administration. However, being only a year old, their credit rating won't be great.

[BertrandRussell]

I think many at Rangers have been hoping someone like Dave King will just hand over £15m and save the club from administration again.

Wishful thinking.

[Steen hive]

I think many at Rangers have been hoping someone like Dave King will just hand over A?15m and save the club from administration again.

Wishful thinking.

A?15,000,000 ,,,,,,,,,,that should just about cover the transfer fee + wages for someone like Flo(p) ;

[BertrandRussell]

Yet another incoherent, gibberish post from steenhive. Can someone wake me up when he has something interesting to say.

[Steen hive]

Yet another incoherent, gibberish post from steenhive. Can someone wake me up when he has something interesting to say.

"interesting" enough for you to respond wee man ;


Orcs, fit are they like :

[BertrandRussell]

Deary me.

Enjoy your day, loon remember it's only banter at the end of the day.