chilledbear 16 Posted March 31, 2011 Share Posted March 31, 2011 http://leggoland2.blogspot.com/2011/03/a1-at-lloyds-but.html 0 Quote Link to post Share on other sites More sharing options...
26th of foot 5,825 Posted March 31, 2011 Share Posted March 31, 2011 I believe the ground that is currently the car park and was the Albion Training ground, was originally purchased by funds raised by the Rangers Supporters Association. The training ground was effectively one grass pitch and two black ash pitches, it opened early-mid fifties. As Leggo stated, the planning consent for the Club Deck included the proviso that a car park be built. A Special General Meeting was called and the Albion was transferred over for a nominal sum. When the Casino thing was floated, Glasgow City Council awarded further development consent on the ground, thus making the land more valuable. I think the ground is now owned by Premier Property Group(PPG), David E Murray owns the vast majority of the equity in PPG. I would hope this would not be a deal breaker, the Whyte camp can refer to Elmer Fudd's building of ra Stade de Gadd; the then Glasgow District Council Planning Committee waived the need for a car park to service a far bigger build. I seem to remember they were happy as long as their beloved Sellik stated an intent to build a car park in the future. As many have said, disengaging all those Murray owned companies that have contracts to provide services to Rangers, could take years. I hope not. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted March 31, 2011 Share Posted March 31, 2011 The Albion Car Park was sold to PPG for �£2m around 1990. It was then bought back on a long term (125 years) lease in 1995. Given the nature of the lease, it can be treated as if we own it. The finance lease set up in 1995 is however still payable. 0 Quote Link to post Share on other sites More sharing options...
ascender 352 Posted March 31, 2011 Share Posted March 31, 2011 So the sources/insiders can't even agree on something so insignificant or significant as this car park which just goes to show we still don't know who to trust and should just ignore the lot of them until we get an official statement from Rangers or Whyte. 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted March 31, 2011 Share Posted March 31, 2011 Bloody wheeling and dealing and every conceivable 'financial tool' used which always comes back to bite you on the bum. 0 Quote Link to post Share on other sites More sharing options...
pete 2,494 Posted March 31, 2011 Share Posted March 31, 2011 I just wonder how many skeletons a new owner is going to find once he or she takes over I think Murray will have a few buried somewhere. 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted March 31, 2011 Share Posted March 31, 2011 I just hope that whoever takes over will not asset strip the club as the days of making loads of money from football, especially Scottish football should be dispelled with any new owner. Well, I hope, that's not to say whoever takes over will be thinking the same way. Even the Mhank Utd �£1 billion of debt will have to cut their cloth soon. 0 Quote Link to post Share on other sites More sharing options...
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