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Everything posted by Frankie
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Whyte offer rejected rumour - denied by Johnston
Frankie replied to BrahimHemdani's topic in Rangers Chat
The loans may be secured on the club's assets. -
This forum has its problems as much as any other. Large or small it's always difficult (or impossible?) to moderate sites in a manner that suits everyone. It stands to reason that any community will form alliances/cliques and often it does become difficult to enjoy debates when people often refuse to entertain other points of view just because certain people may write them. I'm confident though that (over ten years down the lines!!!) this forum still provides a valuable contribution to the online community and absolutely believe the quality of debate here is as good (or better) than any other site. By the same token though, I'd always urge every member to at least read other sites because every forum has a number of core posters who provide a great service to aiding out thoughts on a variety of issues - no matter if we agree or not.
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Whyte offer rejected rumour - denied by Johnston
Frankie replied to BrahimHemdani's topic in Rangers Chat
Like you, I find it difficult to believe (or possibly more accurately offer an educated opinion) on rumours. While I don't doubt BH's intentions (or indeed his contacts) I'm sure he'll acknowledge that there are people on both sides of the club sale saga that are using people to feed snippets of information which may suit them or may spin the situation in a certain manner at a certain time. While it makes for good debate to discuss such 'leaks' we're doing no more than speculating really which is probably on information that is already out of date. As ever, people should treat such rumours with caution and that applies to everyone who posts such stuff - myself included! -
Whyte offer rejected rumour - denied by Johnston
Frankie replied to BrahimHemdani's topic in Rangers Chat
Yeah, I'm unsure of the formal requirements. However, I'd like to think, that if we can get together a 'petition' of several thousand shareholders and season ticket holders, the club may be morally forced into organising such a meeting. More so if, as Paul Murray infers, he wants us to detail our concerns. -
Weiss should be a bit cleverer when using such sites as he knows he'll attract such negative attention (and press). However, there's a difference between a misguided attempt at banter and receiving disgusting abuse. As for other forums, please contact the admin there as we can't answer questions on their disciplinary actions.
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Whyte offer rejected rumour - denied by Johnston
Frankie replied to BrahimHemdani's topic in Rangers Chat
Absolutely. I've written several articles suggesting it's impossible to judge his intentions. I'm unsure whether or not he could attend such an EGM but if he wants to buy our shares why couldn't he address us to explain why? -
Whyte offer rejected rumour - denied by Johnston
Frankie replied to BrahimHemdani's topic in Rangers Chat
Been on holiday for the last few days so unable to contribute as much as I'd have liked to this until now. With the ownership issue no clearer and, while it may be a futile gesture, I'd like the support to explore putting together an 'EGM' petition with as many shareholders and season ticket holders as possible calling for such a meeting and an extension to the season ticket renewal deadline (which is late next week). I, for one, am sick of our club's future being played out via sources and asked to read between the lines in the media. It's well beyond time that our support are treated with the respect our annual investment deserves instead of with the disdain we're usually afforded. Where better than an official shareholder meeting where the vetting committee can tell us exactly what the problems are while also giving us an opportunity to ask questions. Then we can make up our own minds. -
Apologies guys - unfortunately our host had to perform some essential maintenance on our databases which meant both the site and forum were down for a few hours today. As always with these types of thing, we can't give a pre-warning and/or a time-scale for the fix. Please keep an eye on Twitter/Facebook accounts and bookmark our back-up forum for future problems.
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See my 'wringer' article of yesterday. Like you, I'm sceptical as to where money can be made but some will argue club is being bought relatively cheaply and with a reasonable amount of investment into its infrastructure it could be sold quickly (3-5 years) at a decent profit - much like McCann did at Celtic. That may or may not be true but I'd still ask who will want to buy the club when Whyte wants to sell. They're not queuing up now at a cheap price.
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I'd say there's next to no chance we'll sign Iaquinta - takeover or not. If the takeover does happen then we'll have to watch all and sundry being linked to us before the end of August.
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My satire detection meter has just exploded...
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Ellis doesn't have to provide anything up front apparently. Obviously Whyte is confident that whatever plans they have in the pipeline will make them both a lot of money given we're talking at least �£7million here.
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Those are the purchase price monies. This is working capital - i.e. the money needed to find the club from Day 1 of new ownership.
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Some info I've been given today: Am told 'working capital' required from new owner is not in place to enable deal to go through as yet. Proof of said 'working capital' has apparently been provided but monies still not lodged for Day 1. As ever, this information is posted in good faith so please ruminate over it in the spirit intended.
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http://www.dailyrecord.co.uk/2011/04/28/royal-wedding-royal-mail-bosses-ban-union-flag-from-sorting-offices-over-partisan-connections-86908-23091504/ Quite incredible! What next - the banning of the Queen's image from their stamps?
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I'm not sure about that. If you look at our PLUS page, past news announcements have been made at a range of times throughout the day.
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Apparently the translation is wrong and we're only interested in Iaquinta.
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I have no more information than anyone else mate. Which is why I'm the one asking the questions in the original post...
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We had a late goal ruled out for offside. Unlucky lads!
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I think we're all hoping he's some sort of exiled super-fan only interested in a short spell of multi-million pound philanthropy to turn the club's fortunes around. Unfortunately, usually such stories begin with "Once upon a time...." I'm not saying Whyte is the big bad wolf - far from it actually. However, the chance he's doing this out of the good of his own heart are pretty far-fetched.
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If I told you, I'd have to kill you...
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Apparently the purchase price money above is in escrow with LBG... As such, once the deal is complete, the bank will get their cut as will Murray and then the club into their respective accounts. The escrow account will then be empty. It will then be up to Whyte to change or close existing club bank accounts which are currently with HBOS/Lloyds.
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We've had terms and conditions on our main site now for several years but fortunately our membership is sensible enough to ensure what they post is relevant and, erm, legal. http://www.gersnetonline.co.uk/2010/index.php?option=com_content&view=article&id=110&Itemid=85
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It's not being negative to ask relevant questions of our club's future. It's the very least Whyte should expect when buying a club that their fans may want to know of his plans. If that prospect frightens him, then that is truly worrying.
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Actually, I propose that he organises a Rangers Constitution for the future and impeaches Sir David Murray retrospectively...
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