Stefanovitch 0 Posted January 15, 2010 Share Posted January 15, 2010 4 people are to take over in under 2 weeks times. They offered �£18m and were told to come back with �£20m. Assuming they had the �£18m then surely they must have known any first approach lower than �£31m would be rejected. Therefore if they were told �£2m more surely they will return in the very near future If they cannot stretch to the extra �£2m then do we really want them running our club? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,148 Posted January 15, 2010 Share Posted January 15, 2010 King is a very wealthy man but I'm not sure he has the wealth required to underwrite the bid himself - hence the addition of a few bodies to the alleged consortium. Paul Murray isn't rich either (but is respected in a business sense) so we can only assume the two other parties have the type of net-worth that complements King's. The names rumoured are Dougie Park and Graeme Souness so while both of these men are respected in the Rangers supporting community and are wealthy in their own right; they still don't command the type of cash that would help buy the club and under-write its activities over the coming years. Obviously these names may be inaccurate and/or other wealthy supporters may make their interest known now others names (sans Graham Duffy) have broken cover slightly. 0 Quote Link to post Share on other sites More sharing options...
ascender 352 Posted January 15, 2010 Share Posted January 15, 2010 Again, apologies if I'm way off the mark as I knwo feck all about high finance..... I guess the priority is the debt. If its correct that by paying off the debt, they're basically buying the club and everything that goes with it, then that's a clean slate to start with. Given we've gone through a lot of cost cutting and have a very strict wage structure in place, would any new owners then consider asking supporters to invest which would generate a lump-sum of cash to then be used to supplement any other money that the new owners can put in for transfers and sorting out some of our poor commercial deals, re-paint Ibrox etc. Mike. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,148 Posted January 15, 2010 Share Posted January 15, 2010 Given we've gone through a lot of cost cutting and have a very strict wage structure in place, would any new owners then consider asking supporters to invest which would generate a lump-sum of cash to then be used to supplement any other money that the new owners can put in for transfers and sorting out some of our poor commercial deals, re-paint Ibrox etc. . I'd imagine that will happen depending on the consortium(s) involved.... 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,410 Posted January 15, 2010 Share Posted January 15, 2010 Soth African tax bosses today admitted their surprise that Dave King is spearheading a fresh bid to take-over Rangers. The exiled Scot is embroiled in a long-running battle with SARS – the South Africa Revenue Service – and is said to still face hundreds of tax evasion and fraud charges in the country. King – who is worth in excess of Ã?£200m – is the main player behind a four-man consortium trying to seize control of the debt-ridden Ibrox club. It is believed they will increase an Ã?£18m offer for the club that was rejected by Lloyds Banking Group last week and want to strike a deal by the end of the month. To avoid the freezing of his assets, King is said to have placed Ã?£1.5m of his existing Rangers shares plus other assets into a Virgin Islands offshore firm called Metlika Trading Ltd. The firm is registered in the name of his 78-year-old mother, Agnes, who lives in Alexandria. A source at SARS said today: “So far as we are concerned, King’s assets are frozen worldwide, including Scotland. “There has certainly been no deal with him, contrary to reports in Scotland. He faces individual and company charges in the criminal, civil and tax courts. “It has been claimed today that, to avoid any SFA or SPL probe into his affairs in terms of the fit and proper person rules on club ownership, King would refuse an executive director role on a re-shaped Ibrox board. Lloyds have refused to discuss the proposed bid and would only say: “We are committed to supporting the board of Rangers in their plans for the club.” http://www.eveningtimes.co.uk/sport/editor-s-picks-ignore/dave-king-bid-surprise-for-sa-tax-man-1.998980 0 Quote Link to post Share on other sites More sharing options...
Super_Ally 0 Posted January 15, 2010 Share Posted January 15, 2010 It is believed they will increase an �£18m offer for the club that was rejected by Lloyds Banking Group last week and want to strike a deal by the end of the month. The first i've heard that. Yet more confusion on the ownership issue though. 0 Quote Link to post Share on other sites More sharing options...
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