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Everything posted by Frankie
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Possibly - for now.
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Alistair Johnston and SDM apparently met today in Edinburgh with chairman to give interviews tomorrow on results which should be released by then...
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I've liked all the Umbro ones so far - not sure if the mock-ups above are correct but I'm sure the strips will be nice again next season.
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I'll text you when it's done... PS: You better find your phone in the mean-time! :D
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Our friends at stv have informed me that a share suspension may be more likely than a fine.
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I think I might put their logo as Danny's avatar...
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I honestly don't know mate. Personally I think it will but there are serious doubts still IMO - see my Frying pan article below.
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Rumours now suggesting interim results will be delayed due to takeover saga. Perhaps tomorrow but next week also possible. If true this means a penalty to pay for club but won't be hefty.
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Just to be clear this isn't about having the funds to buy club per se but to show they have funds in place to deliver ongoing investment and 'new' money which was apparently agreed with SDM last month.
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Very much so.
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Apparently deal is being held up because Whyte has still to provide proof on ongoing investment agreed with SDM last month.
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The usual sound-bites of some saying we have no money and there will be more cuts whilst AJ et al suggesting our relationship with the bank is fine etc.
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Missed the France game but there's no doubt Jelavic should improve with more games, better fitness and a regular partner.
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The Rangers Takeover - The Frying Pan or the Fire?
Frankie replied to Frankie's topic in Rangers Chat
Removing the debt will be a huge boost but money still has to flow into the club - especially if we don't qualify for the CL. I've no problems with a more efficient playing squad (and lowering other overheads) to accommodate this but there's a fine line between downsizing and competitiveness. I hope Whyte falls the right side of that line. Generally I too want a change but am just making sure our fans realise that with change doesn't come automatic success.- 4 replies
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- future
- craig whyte
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With the takeover speculation reaching fever pitch, chairman Alistair Johnston flying in today and the interim financials about to be released, never has the end of March been so exciting to be a Rangers fan. In the Whyte corner we have an allegedly hugely successful (but hitherto unknown) businessman eager to buy one of Scotland's finest institutions and the country's most successful football club. 'In the red' corner (literally) we have Sir David Murray a hitherto hugely successful businessman (but now not so keen on public appearances) desperate to sell. Therefore, what does this mean for the average bear in layman's terms? Firstly, Whyte obviously brings an apparent ambition to the club which has been lacking under the custodianship of Murray in recent years. If you believe the media, he is promising �£5million per annum of 'new' money over the next five years while the club currently tries to fend off a bank eager to claw back a similar debt figure. Secondly, after 20 odd years of boom and almost bust under MIH, many fans are eager for change; a freshness for the future if you will. Sick of downsizing year after year, the Whyte link provides something different to the constant negativity painted about the club's ongoing viability. After all, it's not often Rangers FC changes hands but when it does investment can be expected and most supporter's immediate reference point is ironically when SDM assumed control where the money/success quickly poured in. However, it is absolutely vital to make the point this situation is completely different. Scottish football no longer plays on the same field as other European leagues. Financially we remain hamstrung by less than lucrative TV deals while an ongoing recession means supporters have little spare cash to invest into bonds and share issues. Football generally isn't seen as somewhere people can make money; never mind in the backwaters of Scotland. To that end, one must ask where will Craig Whyte source the money for his trouble? To begin with �£25-28million is a fair amount up front to even buy the club. Given we know little about his background or financial successes rumours persist that he lacks the cash to do this and the delay since he made his interest clear perhaps lends weight to that. Where then will he find the �£5million per annum to invest into the playing squad? After all it has been quite obvious that without CL group stage football and/or player sales Scottish clubs cannot make a profit and remain competitive. Outwith the usual sources I see no way for Whyte to provide such money other than from his own pocket or via some new investment opportunity - be it a share issue or land-bank development. Initial fan enthusiasm aside, I doubt a share issue could raise �£25million from the rank and file so he'd be reliant on investment from wealthier people. This may explain his recent social meetings with well-kent businessmen. However these folk wouldn't put in such amounts for nothing. Would a directorship be enough or would they want a slice of the property pie? Where does Andrew Ellis fit into that equation? Obviously without further information it is impossible to formulate an educated opinion on this bid so it is natural for us to be sceptical. Conversely though, Whyte has clearly satisfied important people as to his suitability so perhaps the worries are merely people being ultra-cautious. However, do we have little choice than to back Whyte taking control? Exclusive public LBG promises to this website notwithstanding, key figures in the club are constantly at pains to tell us things will only get worse as long as the status quo remains. If we don't win the title and qualify for the CL then how do we service a debt the bank are keen on reclaiming - never mind invest new money into the club to maximise our future chances of success? To sum up, despite the understandable excitement and elation, genuine doubts remain about our club's future. Instead of dealing with irrelevant bloggers regarding his past reputation, I'd much rather Craig Whyte dealt with a Rangers support who are about to invest �£20million of their own next month. Tomorrow is April the 1st. I, for one, am sick of being treated like a fool and I won't be parting with my cash easily without finding out more about our club's future.
- 4 replies
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- future
- craig whyte
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I think that initial fee isn't the problem but the ongoing alleged �£5million per annum of 'new' money. Outwith the usual sources I see no way for Whyte to provide such money other than from his own pocket (or via some new investment - be it a share issue or landbank development). I doubt a share issue could raise �£25million from the rank and file so he'd be reliant on investment from wealthier people. However these folk wouldn't put in such amounts for nothing. As for land development that would depend on GCC but perhaps this �£4million retained debt is a pointer with STV suggesting it was for the Albion Car Park.
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Sorry to see him leave in such a bad way - let's hope we see the lad back next season as he looks a great prospect. Good luck son!
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That's true but much of the grapevine is talking about how Whyte is struggling for cash and still looking for investors to help with his bid. That should be worrying to us all but I'm hoping some of this is misinformation to put the Phils of this world on the wrong track.
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Now we know why these anonymous blogs have cropped up: Scotzine site (supposedly neutral but nowhere near it) has had lawyer's letter from Whyte RE: article from crazy Phil. I'd imagine Phil has had same for his site so has went anonymous blogger. Haha!
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Phil Mac Giolla Bhain - a Celtic supporting Scotsman who changed his name then exiled himself in Ireland due to a number of factors. He considers himself a journalist but he struggles for credibility/employment as he focuses completely on anti-Rangers stories and has a number of failed ventures behind him. For whatever reason he's moving off his own blog to more anonymous means. I'll leave you to decide why.
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That update reads like someone is hurting extremely badly today. Poor Phil.
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Broadfoot may feature this weekend, he's expected to be on the bench anyway. Some are suggesting Whittaker will fill in at centre half but I think your defence is more likely. We'll certainly have a tough match on Saturday; more so if the likes of Davis, Lafferty and Naismith who all missed international games don't make it. Even good old Maurice Edu won't arrive back from the US of A until tonight or tomorrow...
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Robbie Fowler was at the CIS Cup Final the other week so he'll be our primary target.
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Not a huge amount really but LBG have ratified sale so that is an important step.
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According to stv we won't be. Perhaps that extra �£4million is to be kept back for increased transfer funds this summer?