the gunslinger

It is his money, or his investors money.

 

Craig Whyte used Ticketus and put us into debt with another company, here we're talking about owing money to people that own us that we can pay back very gradually.

 

I realise it seems fashionable to find any negativity possible about Charles Green but it is totally inccurate and/or uneducated to say this loan idea is the same thing as Ticketus.

its the same principal with different repayment terms.

much better terms no doubt about it.

I wish people would stop making a big deal of this money getting paid back.

 

It's done all the time in fooball FFS.

I know just ask c whyte.

so is owner's buying clubs with their own money and not lying about it.

indeed some owners invest fortunes.

He needs to quieten the hype and negativity spouted about him.......only by divulging Facts and Proof will he succeed in the support of the fan groups.

 

He MUST show something to the reps........after all he is going to be asking them to back him soon in ST sales.

agreed. he's got some explaining to do re the cva.

he's only lending the money

he's not funding the club

he's not paying d&p himself

he seems to be struggling for cash.

yeah today.

I humbly appologise now he is meeting fans at 3pm.

its a good concept.

perhaps the rfff will fund it.

someone told me they could tell whyte was a Shyster from his suit.

I'm not convinced myself.

So in all of this, why has no-one emerged to try and tap in to the financial resources of supporters and look at an ownership model of some sort? If the support was getting something tangible for their investment instead of just bankrolling some signings, surely that's going to be a viable option given there's a lack of funds coming in from investors?

 

At the very least, why isn't someone connected with the club asking the sort of questions that guys like Traynor and Leggo have been over the last couple of weeks?

I think the problem is timing. tbk and perhaps even green have plans to do this after a fashion down the line.

the level of debt with the bank wasn't a HUGE issue. the issue was the bank themselves recalling anything risky (imo).

agreed mate and leggos being disingenuous anyway. the bank debt had interest as well it wasn't 18 million more like 25 if you add interest.

that said green should be writing off the 8.5 million considering what he's getting.

getting the cva would only be the first part of leggo being wrong. indeed he says he might have the 8.3 million.

we won't be able to properly judge green for years I suppose.

I notice the rfff didn't get there meeting with green today.

Wednesday, 6 June 2012

CHARLES GREEN'S ACHILLES HEEL

CHARLES GREENâ??S Achilles Heel is finding the money to keep Rangers running until the club exits administration.

That is to say, if the watered down CVA he has presented to creditors with its tiny pot of money, which could be cut to just over a measly million, is accepted by those who are owed money by Rangers. Including the Revenue.

And that is why the statements by two Rangers supporters groupsâ?? leaders, urging fans not to buy season tickets have been vital in the fight to save Rangers.

John Macmillan, the General Secretary of the official Rangers Supporters Association has joined Andy Kerr from the Assembly, in issuing a clarion call to Ibrox followers not to hand over their hard earned money to Charles Green, until they know where it is going and who he has got backing him.

Supporters are now sussing out Charles Green and seeing through his shadowy wheeling and dealing.

He is the emperor with no clothes. Or at least, only one suit.

Rangers fans are also now counting the mounting tally of lies he has spouted since he first burst on the scene from out of nowhere to be given the immediate approval of controversial and under investigation administrators, Duff and Phelps.

That Duff and Phelps backing, in itself, was enough to start the first peel of alarm bells ringing.

There then came the Charles Green statement that he had a world wide consortium of 20 investors lined up.

Rubbish!

We donâ??t even know if he has the five or six he is said by some sources to have signed sealed and delivered. Delivered funding, that is.

My belief is that's rubbish too.

Charles Green also said that he had access to £20M funding.

Rubbish!

The CVA proposals had to be delayed for four days as Charles Green scrambled frantically to raise more than the measly £1M which was all he had in the pot on the day he had originally been due to send out those CVA proposals.

Charles Green also said his plans meant Rangers would emerge from administration debt free.

Rubbish!

At best, Charles Green may have access to £8.3M.

But that will be loaned to Rangers. With interest.

Therefore, if his CVA plan is accepted, Rangers will emerge from administration owing Charles Green a staggering £13.3M

Thatâ??s not far away from the sum Rangers were in debt to Lloyds when the Bank forced David Murray to sell out Rangers to Craig Whyte just so they could get their money back in a lump sum.

Therefore, Rangers supporters must balance the numerous lies Charles Green has told them, against the risk of paying out their hard earned money, cash that could be used for their families.

Cash that will not go to Rangers!

The questions Rangers supporters have to ask themselves are simple.

Why should I trust Charles Green?

Why should I invest my money, my familyâ??s money, not in Rangers, but in Charles Green?

Just who are Charles Greenâ??s investors?

As far as those investors are concerned, we now know for certain that Charles Green has turned in desperation to the man who brokered Fergus McCannâ??s takeover of Celtic, self confessed unreconstructed Celtic fan, David Low, in an unseemly last ditch scramble to find money.

We also know that within days of the first meeting between David Low and Charles Green, Green had the first of at least three meetings with Douglas Park.

What we also know is that despite Charles Greenâ??s pleas for him to invest what David Low called â??Blue Money,â? Douglas Park has not handed over one thin dime to Charles Green.

Those who had been willing to give Charles Green the benefit of the doubt now see this as something which has badly undermined what little confidence there is in Charles Green.

For Park is well known to be a shrewd and careful business investor. His lack of enthusiasm for Charles Green speaks volumes to many.

Then there is what I believe to be the continued involvement of David Low, who is still, I am told, scratching around to find some â??Blue Moneyâ? to increase Charles Greenâ??s pitiful pot.

It would not surprise me in the least if the name of another businessman to be approached by David Low on behalf of Charles Green emerges in the next day or two.

And if it turned out that he too has snubbed the approach.

Charles Green is under pressure. Big time. And despite having had assurances from Duff and Phelps, who are under investigation and whose senior partner, David Grier played a big part in the sell out of Rangers by David Murray to Craig Whyte, sensible Rangers supporters remain a long way short of being convinced Charles Green has got the money needed to keep Rangers running for the next six weeks.

And that doubt, that uncertainty, is Charles Green's Achilles Heel.

posted by leggoland @ 07:51

http://leggoland2.blogspot.co.uk/2012/06/charles-greens-achilles-heel.html

no one knows and in truth it hardly matters now.

Ha ha do you included TBK then in that?

I maintain they are the only real bidders with perhaps ng as a possibility.

green would be real if he could sell his plan to anyone.

its their record of finding buyers with actual cash I question.

so far they have found 0

what I have posted above isn't quite right the guy who did it needs to do some polishing. if he does I will repost.

Just cant remember those figures tbh.

 

Imo the figures from TBK mean nothing anyway, D & P spotted them as chancers who were never going to part with any money.

 

There bid included money coming from europe next season when were not even in it and on the basis of making the QF of the CL, a joke bid from start to finish imo.

Europe money was over and above the 5.5.

d&p record of spotting chancers isn't good I would suggest.

no that's the bid. unless we are saying tbk offer they published was a fake?

It seems that it was mainly to provide funding It seems that TBKs were putting up nothing under the deal with Ticketus.

 

 

 

Was that when TBK the turned round and changed/withdrew their bid? Do you have proof that TBK were offered PB 3 times?

 

 

 

t

 

TBK gave in a "best and final" bid and then changed it at least 4 times.

the ticketus deal did a couple of things it reduced the creditor pot significantly slowing a bid of around 20p in the pound. it provided whytes shares and it provided a cheap overdraft. tbk were clear they were putting up the cash to buy us and to underwrite the share issue.

no no proof as such. only them saying so.

yes d&p moved the goalposts after they asked for best and final bids several times.

the term best and final bids was d&p term.

A lot of people want TBKs but find it frustrating that the fact that they are and their supporters are turning round and blaming everyone else for their own shortcomings.

 

The bottom line is TBKs have had plenty of opportuities and plenty of time to put together a decent bid and failed. While there may be some blame to share around, it's mainly their own fault.

I know what you mean. however anyone with cash could do what greens doing its practically zero risk.

tbk could do this. but they at least to some extent aren't trying to fleece the fans.

if greens bid stands up then tbk have indeed got it wrong. if not then d&p have much to answer for.

do I wish tbk had just barrelled in with 9 million loan. not really but it may have presented a better chance of a cva than green I suppose. still a lousy deal though.

no banner saying yank go home has ever been flown at a rangers game.

its true many people want anyone but the blue knights even potless chancers who want us to buy the club for them so they can sell it on for tens of millions.

So why do you still trust TBK ?

 

They told us paying Ticketus £10m of our money was a good and necessary deal when it clearly wasn't.

 

They told us they were just waiting for the nod from the admins and were dying to get things moving, til they got the nod from the admins and sat back.

 

They told us they would make their best and final bid, several times and the best of them amounted to £2m.

 

Given your statement on lies, I can't see how you can still wibble on about TBK.

the ticketus think was necessary to get whytes shares.

d&p 3 times promised them preffered bidder so that's their lie not tbk.

your misreading the blue knights bid.

they put in one best and final bid when d&p asked for best and final bids. d&p chose miller then we got a lot cheeper do tbk reduced the bid.

the lies are well documented.

the ones they told about tbk bid are particularly interesting given the green bid.