Rangers Football Club 0 Posted October 25, 2009 Share Posted October 25, 2009 CLUB also insists no need to sell players in January More... 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 25, 2009 Share Posted October 25, 2009 Official announcement - FOR the avoidance of doubt, and due to recent media speculation, the Club can confirm that while there have been tentative enquiries regarding the sale of the Club, there are none that have realised an offer. As stated by Sir David Murray, it is not necessarily about price, but the new owner having the capability to take the Club forward that remains essential. It is important to highlight the statement issued by Lloyds Banking Group to the press on Saturday evening, that "Lloyds Banking Group recognises the importance of Rangers Football Club to its supporters, shareholders and the wider football industry in Scotland. The Bank continues to be very supportive of both the Club and the Board as they manage the business through the more difficult economic conditions currently prevailing". As such, there is no need for the Club to sell assets in the January transfer window. http://www.rangers.premiumtv.co.uk/page/Headlines/0,,5~1836931,00.html 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 25, 2009 Share Posted October 25, 2009 Some interesting comments elsewhere by 'boss' who posted a thread on Gersnet recently regarding MIH accounts - Murray delays publication of MIH Accounts. Hope it's ok to quote you boss! Having thought long and hard about Walter's comments I've come to the conclusion that he did not say it by accident - he's far too experienced with the media to do that. He knew exactly what he was saying, but we can only speculate on his reasons for doing so. Technically he is wrong - the board of directors control Rangers; they have prescribed responsibilities under the Companies Act 2006. I think it comes down to the restrictions placed on the club in terms of the continuing facilities - Walter sees this as the bank 'controlling' the club, particularly as it prevents him from doing the job he would like to do. The bank's position is all the more restrictive because of the financial position of the MIH group, not least PPG. Walter loves The Rangers just as much as you and me. He only wants what is best for the club. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted October 25, 2009 Share Posted October 25, 2009 Boss's post is correct in theory, but it doesn't work like that in practice. The directors may only be putting in place the instructions of someone else, either the bank or Murray, in which case the banks (or Murray) would be controlling the club. The bank have had people in the club, influencing financial matters since before the end of last season. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted October 25, 2009 Share Posted October 25, 2009 Bluedell the majority are clinging on to hope like a limpet , the majority cannot comprehend how bad this situation actually is , believing that Rangers will never be allowed to fold never mind fall , the reality is no one Know's, only after Murray is purged and the money trail is investigated will the truth actually come out for the money is the story , this is the worst I have ever felt as a fan in over 30 years not even rotten teams compare to this , we truly are at a crossroads 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted October 25, 2009 Share Posted October 25, 2009 Bluedell the majority are clinging on to hope like a limpet , the majority cannot comprehend how bad this situation actually is , believing that Rangers will never be allowed to fold never mind fall , the reality is no one Know's, only after Murray is purged and the money trail is investigated will the truth actually come out for the money is the story , this is the worst I have ever felt as a fan in over 30 years not even rotten teams compare to this , we truly are at a crossroads It'd have been a lot worse had we not won the league. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted October 25, 2009 Share Posted October 25, 2009 And how bad may it really get if we dont win the league this year before our coeficcient drops and we have one team in the qualifiers 0 Quote Link to post Share on other sites More sharing options...
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