Bluedell
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Posts
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Everything posted by Bluedell
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Firstly it was a disgrace that it took place. UEFA/FIFA changed the rules during the competition to give the "big" teams a better chance by seeding them. It's an utter disgrace and totally devalues the world cup. FIFA's motto of Respect has been shown to be meaningless and they have cheated to try and help the teams that they want to qualify. Good on Robbie Keane for speaking out and saying "They're all probably clapping hands, Platini sitting up there on the phone to Sepp Blatter, probably texting each other, delighted with the result, with France (getting through)." The fact that both the ref and linesman were unable to see such a blatent hand ball (twice) is very difficult to believe. However the reacttion that I'm hearing this morning on TalkSport was totally over the top, with calls for the game to be replayed and Henry to be banned for life or get a six game ban. For what? Deliberate hand ball? It's a yellow card offence (I believe) and that is all. He didn't do anything worse than anyone else who has deliberately handled the ball, or deliberately caused a foul or called for a throw-in when they knew it wasn't theirs. It's part of the game, and Henry was lucky enough to get away with it. Should every game with a deliberate hand ball be replayed? Of course not. People need to get a persepctive. People should be looking closer at the ref and linesman than Henry in my book. However, for me the defining memory of the game is not the hand ball but the fact that UEFA/FIFA cheated and fixed the draw, which has devalued the 2010 World Cup in my eyes.
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Property will recover as well. Sound area to be in. It just needs to be financed with a long term loan.
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I disagree with that.
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I'm sure it was calculated. It would be interesting to know if our banking facility was renewed before or after Walter's statement.
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The situations were different. At one point the club had facilities in place, at the other they didn't, which would surely prevent a clean audit report? As for the former, I couldn't say what they would have done to satisfy themselves but it would be interesting to know.
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Very interesting. The building beside the Albany was one that seemed to be let on high rentals from what I've heard, so for it to go is a big thing. I would have thought that Murray selling some of his properties would have made big news, and I had presumed that because I hadn't heard anything that he hadn't. If the bank are forcing him to do that, then why wouldn't they force Rangers to sell a player or two (other than the bad publicity)?
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Valid points. However he has shown some interest in buying clubs previously and could act as a figurehead for any consortium, so could be useful for anyone looking to buy the club. Some have called for him to be Chairman (or even CEO) but I don't think he has the experience for that.
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Yes, it was that reckless. Short term thinking which has been his trrademark over the past 10 years. Most banks don't sit for 9 months contemplating whether they will renew or not though. I don't believe that they were necessarily going to put us into administration, however the threat was obviosly there if we didn't agree to board appointments etc. I do, however, believe that they were considering reducing the credit limit which may have forced us to sell players. They didn't for whatever reason, which is good news. Where do you draw the line? "Highly influencing" sound like it could be running the club for all intents and purposes. Perhaps. Perhaps not. Interestingly enough Johnston made no comment about reinvesting transfer proceeds. Deliberate? Who knows. Probably a question for the AGM. As I've said above, I wasn't meaning administration. You say that it makes more business sense to keep a club like Rangers going as they will make more money. If they are looking at Rangers as inherently loss making, then it could be argued that it makes more sense for them to try and realise their cash now by the sale of players rather than allow us to continue potentially not qualify for the CL next season and face more losses. It could be that the issue of goodwill is more important than strict, cold business sense. It's obviously all speculation, but it's not that clear cut either way.
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Hmm. A gang with affiliations to a club in the east end of the city.
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Superb, mate. Got me in stitches.
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The facility in the bank was due for renewal in November 2008. It was not renewed until some point between Sept-Nov 2009. The clean audit report was only issued following that renewal, so for at least 8 months this year, the auditors were unable to issue a clean audit report. It seems that at any point during this, the bank could have withdrawn funding if they wished, and perhaps some of the reaction has not been over the top. As a side point, at the Goram dinner last weekend, Iain King introduced Walter Smith, and while doing so said that the bank has been running the club for 10 months. Yes, we now have facilities to operate for another 13 months, but has the bank advised what they are going to do after that? Johnston has indicated that business plan allows for us buying no players either on January or next summer. We have bought ourselves some time but it doesn't mean that during the 9+ months that we did not have banking facilities in place that we were not in severe danger.
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Madjid Bougherra unlikely to be risked against Kilmarnock
Bluedell replied to ian1964's topic in Rangers Chat
*shakes his head in disappointment at Bougherra's continued disregard for the club* -
When I said "we", I was referring specifically to me and Spanner.
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Nothing convoluted about it. Each of the companies in the Murray group owns assets. MIH consolidates (adds together) each of these companies in its group accounts which is what you are looking at. MIH produces a consolidated balance sheet and a company only balance sheet. if you look at the balance sheet on page 12, you will see that MIH owns no land or buildings.
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You're not wrong.
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FFS. I thought we had been through all this on RM? Ibrox and Murray Park are owned by Rangers and are in Rangers' balance sheet. They appear in the consolidated balance sheet of MIH because MIH own Rangers, but they do not appear in MIH's own balance sheet.
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All the loans that Rangers had were consolidated into the �£22m loan (now �£20m) that was set up in 2004 or 2005. the cash owed to the bank is secured on the club's assets but there is not a specific mortgage on Murray Park.
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No is the answer to that.
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I understand it was said at last w/e's meeting that the RST are considering 17 different plans to go forward with.
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Perhaps because their bank weren't refusing to renew their lending facility for a period of time?
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He doesn't have one. He's just at the wind-up.
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So what facts that I've stated have I not backed up? Care to state the relevance of your previous post?
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And your point is? I have already stated that the credit facility IS currently in place but was NOT when AJ took over as Chairman, as he himself confirmed. Goodness knows what the relevance of the details of the interest rate swap are. You came out with meaningless facts on RM as well, which was probably what led to your banning.
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The MIH accounts are available from Companies House. the Walter Smith interview was widely reported in the press and online, the Alastair Johnston interview is quoted on another thread on this website, the worldwode resession which prevented Murray from rescheduling this loans has been mentioned occasionally here and there etc etc. Now away back to fitting out these JJB stores, or whatever it is you're claiming to do this week.
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You can file it where you want.