pete 2,499 Posted March 31, 2011 Share Posted March 31, 2011 The thing that worries me about Whyte is that he just seems to have sprung out of the blue with Ellis hanging on to his shirt tail. He was never mentioned on any of the rich Rangers supporters capable of taking over lists. I honestly think that the development of the Ibrox surrounding area is the big carrot dangling in front of them otherwise I can't see what Ellis has to offer or why he seems to be getting 25% for investing hee haw. I find that very strange and to be honest I don't trust Ellis as far as I could throw him. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted March 31, 2011 Share Posted March 31, 2011 AFAIK Elllis wouldnt be getting 25% "for hee haw" - it would be a LOAN from Whyte which, I think, is repayable after 5 years. Cal, your point about 50,000 at 100 quid a head was, funnily enough, something I was thinking about just this morning. If we as a club cant be profitable then this deal merely becomes a bandaid solution because it will be a cash drain on Whyte and eventually he will close the purse strings too. I too was thinking that maybe what is needed is for ST's to be increased in price (but then you run the risk of people non-renewing and it is also unfair to expect ONLY ST holders to stump up the cash) or to have an annual membership fee as you suggested. The annuam membership fee is the better option IMO as it opens things up to the whole worldwide fanbase - but the club need to come up with some level of incentive to ensure as much take up as possible. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted March 31, 2011 Share Posted March 31, 2011 AFAIK Elllis wouldnt be getting 25% "for hee haw" - it would be a LOAN from Whyte which, I think, is repayable after 5 years. Cal, your point about 50,000 at 100 quid a head was, funnily enough, something I was thinking about just this morning. If we as a club cant be profitable then this deal merely becomes a bandaid solution because it will be a cash drain on Whyte and eventually he will close the purse strings too. I too was thinking that maybe what is needed is for ST's to be increased in price (but then you run the risk of people non-renewing and it is also unfair to expect ONLY ST holders to stump up the cash) or to have an annual membership fee as you suggested. The annuam membership fee is the better option IMO as it opens things up to the whole worldwide fanbase - but the club need to come up with some level of incentive to ensure as much take up as possible. I made that point last year when the fans takeover begun and said I would be happy to invest money but I would then like to get free streams of the games included in the deal. Season ticket holders could possibly get a slight reduction in the price of their ST and also the away games streamed. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted March 31, 2011 Share Posted March 31, 2011 I made that point last year when the fans takeover begun and said I would be happy to invest money but I would then like to get free streams of the games included in the deal. Season ticket holders could possibly get a slight reduction in the price of their ST and also the away games streamed. That was something I thought of too, but then you are increasing revenue on the one hand and reducing it on the other. If you have "Skytanta" or limited broadband then the streaming also won't be attractive. Non-season ticket holders will also not see so much benefit. To be honest I think �£100 is too big an ask without a really solid return. �£30 to �£60 would sounds a lot more palatable. Ring-fencing the money for transfer fees might sweeten the deal - but whatever is there is balanced by the removal of that amount from the normal budget, but in the end gives us a minimum spend which would have helped in our two year sojourn from the transfer market. It does seem easier to offer something to million pound investors who can be treated like bigshots with a seat on the board, a few seats in the directors box, rubbing shoulders and socialising with the management and team, use of function rooms etc. Once you start looking at thousands of people, it's really hard to make them feel special for their money. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted March 31, 2011 Share Posted March 31, 2011 I'm thinking that this is their attempt at persuading Rangers fans that they aren't the big bad people we think they are. You are correct. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted March 31, 2011 Share Posted March 31, 2011 Bank paves way for Whyte's Rangers takeover A figure of �£4 million between Rangers and Lloyds will be paid in instalments after Whyte moved to renegotiate the terms and conditions of the debt, rather than paying the outstanding amount in full up front. The �£4 million is the leases for the car park etc. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted March 31, 2011 Share Posted March 31, 2011 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. Correct on all counts, Frankie. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,552 Posted March 31, 2011 Share Posted March 31, 2011 Apparently deal is being held up because Whyte has still to provide proof on ongoing investment agreed with SDM last month. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,607 Posted March 31, 2011 Share Posted March 31, 2011 Apparently deal is being held up because Whyte has still to provide proof on ongoing investment agreed with SDM last month. which is a bit concerning. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,552 Posted March 31, 2011 Share Posted March 31, 2011 which is a bit concerning. Very much so. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.