Rangers FC no longer for sale

[Guest Northampton_loyalist]

We still must not jump the gun the story is full of could be, would be,etc. We have heard these chants before which came to nothing.

 

Absolutely. There are no quotes and although a few things look promising, it is far from any kind of proof. No gun jumping here.

[pete 2,499]

Another thing i find strange is the story of Chris Akers having made 300+ million on a deal but has to scour the middle east to fund things.

[Guest Northampton_loyalist]

Another thing i find strange is the story of Chris Akers having made 300+ million on a deal but has to scour the middle east to fund things.

 

Maybe the rebuilding job comes in at �£400 million? :fish:

 

No idea and there is plenty in the article that looks like a mish mash of previous news.

[Guest Northampton_loyalist]

http://www.thescottishsun.co.uk/scot...#ixzz0qJWYambh

 

ANDREW ELLIS moved a huge step nearer to completing his takeover of Rangers last night.

 

Ellis and an Arab-backed consortium are close to completing a �£33-million deal to buy out Gers owner Sir David Murray after months of speculation.

 

It's understood that Murray could sell up by this Friday as Ellis and former Leeds United supremo Chris Akers have received support from sources in Dubai and Qatar to finance their bid.

 

Ellis, former Northampton Town chairman, at last seems to have the money to complete the �£33m deal which would wipe out Rangers' crippling debt.

 

Under the proposals Murray would receive just �£3m for his majority shareholding in the SPL champs.

 

A further �£20m would be used to wipe out the massive debt Gers owe to Lloyds Banking Group.

 

And if the deal goes through that could leave gaffer Walter Smith with as much as �£10m to spend in the transfer market, after two years of operating without money to buy new players.

 

That would be a massive boost for Smith as he prepares for an assault on Europe and Gers' title defence.

 

It's believed Murray could land a role as honorary president at Rangers if he sells his 57 per cent stake in the club.

 

That would give the prospective new owners around a month to try and buy the remaining 43 per cent of Gers shares and gain full control of the club.

 

But it's believed Murray may want to keep some shares at Ibrox.

 

A spokesman close to the consortium said: "This is effectively a done deal and everything is in place for the offer to be accepted on Friday and for Andrew Ellis to take over."

[wabashcannonball 0]

Bawbaggery reaches new heights, has a support ever been treated with such contempt, irrespective of which view you hold on this fiasco.

 

Date: 09 June 2010

By Tom English

US COLUMNISTS are a dying breed. It's the column that's killing us; the tyranny of the hunt for an original thought.

One of the finest operators I know in this milieu has a default setting on barren days. He pens a column about not being able to write a column. It's great. He runs through an array of weighty subjects that he could be writing about – drugs in sports

ADVERTISEMENT, greed in football, corruption everywhere – but concludes that he's already said everything he has to say about all of those things – and then said it again and again. Over the years, he's come up with about 18 different versions of the same plaintive piece. Some of his very best stuff has been about the torture and then finally the acceptance of not having a single cogent thought in his head.

 

Ah, but it's different here. We'll always have Rangers and Celtic. Can't live with 'em, can't live without 'em. They are our go-to columns when nothing else sticks. In one corner of the city, if it's not the risky appointment of Tony Mowbray then it's the utterly madcap notion of bringing in Stuart Baxter as part-time mentor, passing on his pearls of wisdom from his place in Helsinki. Comedy gold in the east end and comedy gold in Govan.

 

We're talking Rangers and a little nugget that comes our way via South Africa. Remember Dave King? The poster boy of Ibrox. The identikit owner; Rangers to his core, rich beyond words, generous to a fault. If the Rangers takeover story was a horror movie – and who is to say it doesn't have the potential? – then King would be the character who refuses to die no matter how much lead is pumped into him. King, as if you need telling, has got the full force of the South African Revenue Service on his case. SARS have him up on 322 charges of money-laundering, racketeering, fraud and all manner of other hairy activities but still he has been – and continues to be – linked with a bid for Rangers. SARS have been saying that King owes them upwards of Ã?£206m in tax and yet he is seen in certain places as the ideal man to buy out Murray.

 

No doubt, King would love to get involved. He's not saying anything either but we hear news from South Africa of a deal he attempted to strike with the revenue authorities. It is believed King tried to plea bargain with SARS by offering them Ã?£56m – Ã?£52m more than he says he owes them – as a full and final settlement and that SARS, weary from a saga that has trundled on for eight years at a cost to them of Ã?£13m and counting, were prepared to accept it. Indeed, a commissioner by the name of Oupa Magashula, had apparently signed off on the deal, only for the National Prosecuting Authority to dynamite it. "This is the biggest tax fraud case in the country, and (some believe that to) settle this on the wrong terms would send out a message that rich people can pay their way out of jail," said one party who is close to the case. "What does it say to those who go to jail for...tax evasion?"

 

Last Wednesday, King enjoyed a minor victory when a judge in Southwark Crown Court in London lifted the preservation order on some of his assets in the UK. That's not hugely significant in itself, but it gives King some hope that a similar authority in Guernsey – where most of his wealth is frozen – might do likewise. Maybe it's a long-shot but it's one that King will surely try. Meanwhile, his tax dispute hits the courts in South Africa in late July.

 

Groundhog Day for King, then. And Groundhog Day for the rest of us also. Have we all lost the will to live when it comes to the subject of Rangers and their future? It's getting there.

 

As was said recently, it's like the long-running West End play, The Mousetrap, but with the mouse (an owner) refusing to be trapped. Somebody who knows a thing or two about Rangers told me the other day that the next major announcement that will come out of Ibrox will most likely be that, for the lack of a buyer, the club has been taken off the market. More and more you sense that that very outcome is the most probable and that the reign of Murray is very far from being over.

 

 

But Mr English is more than likely nearer the mark than most.

Edited June 9, 2010 by wabashcannonball

[rbr 1,247]

Seldom has an attempt at wit fallen so flat.

 

You obviously haven't been reading his attempts at threads on FF comic genius , the guy should be on the stage ......sweeping it

[Bluedell 5,354]

Bawbaggery

 

By Tom English

 

These two definitely go together.

[Frankie 8,182]

Those suggesting gazzumping Lennon's appointment may well have been right...

 

As ever salt at the ready but maybe the cries of Wabash last night were heard!

[rbr 1,247]

If anyone had posted that story by Tom English on here as their own they would have been laughed or rather slaughtered day , a gripping headline , followed by waffle , followed by an unconnected story about King , followed by an unsubstantive statement..is Tom English ,wabash by any chance.....

[Frankie 8,182]

Yeah, English clearly had a quota to fill but had no decent material to fill it....

 

Given the Mail/Sun stories this morning (substantiated or not), he'll either look completely correct or completely stupid. He may just regret his timing...