Jim1955 12 Posted February 21, 2012 Share Posted February 21, 2012 Let's cut to the chase. Are we going to be deeper in the mire now or less? I'm confused, really confused and won't really appreciate elliptical comments. Bluntly, this is torture. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,356 Posted February 21, 2012 Share Posted February 21, 2012 I have respected you as a very knowledgeable poster but this is one of the poorest things you have written and really brings you down in my estimation. You know next to nothing about everything that has gone on and yet because you have jumped to your own conclusions, you start to get sanctimonious on others who don't 100% follow the same speed to judge. I doubt there is one person on here that thinks that Whyte has done nothing wrong, not one - and to me that shows you are highly flawed at drawing conclusions in the first place. There ARE people who do still think that Whyte has done nothing wrong. Just because you haven't noticed them or don't read the same forums as I do doesn't mean that they aren't there. Some of the comments that I've read this morning would do your head in. Perhaps I am sanctimonious about it but it's down to passion and frustration for what's happening (I'm not suggesting that others don't share these feelings but they may manifest in other ways), but I'd fire that back at you as well for your assumptions. You also shouldn't assume my level of knowledge on this. I have not been going public on some of what I know. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,060 Posted February 21, 2012 Share Posted February 21, 2012 While it does indeed look grim, we should remind ourselves that this is paper talk. The facts will be delivered by the administrators. On a sidenote, I would expect that Whyte has some more money, since he knew what the running costs would be and that simply buying Rangers from Lloyds & Murray for 18m wasn't going to be enough. While he might have hoped for a 12m CL windfall, that money too would not have lasted too long. What makes you wonder is that while all hare after him for doing this or that cloak-and-dagger style, he nigh always came and come out and told us what he has done and where some of the money ended up, e.g. from the Ticketus deal. Sure he gave not all facts and figures, but you'd have to be some really grand guts to go out to the fans and tell them about it. Would anyone be so stupid and think that he EVER gets away from media and support if this comes to the open? Do I detect a slight wavering in your previous steadfast believe that Whyte is the man and the rest of us are talking crap? 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 21, 2012 Share Posted February 21, 2012 Not true, I'm afraid. He told the RST ...There was then some discussion about the financial transactions around the borrowings from Ticketus against season ticket revenue. The Chairman confirmed the borrowing was over a three-year period and was secured against one of his companies and not Rangers Football Club. He stated that all monies were lodged and transacted through the Club’s bank accounts – that included the £18m from him to clear the previous Bank debt, the Ticketus borrowings and the working capital available as part of the Takeover Agreement. In response to questions about the level of borrowing from Ticketus, the Chairman explained that it would be extremely difficult to borrow from any Bank at present and it was necessary to meet the running costs of around £3.5m per month. Whether that is a straight faced lie is for the administrators to reveal, not the sports media hacks. He told the RST that the money was "transacted through the club's account....yet the administrators confirmed last week that they had "no visibility" of the cash as it had gone into the parent company, and not into the actual club account. Whether the remaining £6m made it into the club's account remains to be seen.... 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted February 21, 2012 Share Posted February 21, 2012 This could actually be really good for the club, although I still can't get my head around the fact that he thought he could get away with all this if it's actually true. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted February 21, 2012 Share Posted February 21, 2012 What a strange (and inaccurate) comment. Well, keep the feet on the ground. You said ... He told us that the Ticketus cash went into the club when it didn't. ... which was inaccurate, as he told the RST otherwise. Hence the quote of his talk with the RST. They have done. The administrators confirmed that the Ticketus cash was not received by the club. When, where? As far as I was aware, they are still looking into that? I don't get where you're coming from. Berlin, Germany Are you denying that he said that the Ticketus money was received by the club or are you denying that the administrators said that the cash wasn't received by the club? See above. He said that the the Ticketus money went through our accounts to/through (whatever) one of his companies. As per quote above. That the administrators said otherwise with regard to Ticketus money is news to me. Just to be plain here, I don't say Whyte hasn't done anything wrong. I just pointed out that press news are hardly a great source these days, especially if we get regular updates and "truths" from the administrators. If the latter have said (where/when?) that they have thus far not found any evidence of what Whyte said to e.g. the RST, fair enough. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted February 21, 2012 Share Posted February 21, 2012 Do I detect a slight wavering in your previous steadfast believe that Whyte is the man and the rest of us are talking crap? Don't let yourself down mate. I never said somesuch, nor would I. Though at times, granted, I like to remind some people that they should take on certain topics with a good amount of objectivity. We are all very emotional about this affair, but let's at least try to keep a cool head. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted February 21, 2012 Share Posted February 21, 2012 They have done. The administrators confirmed that the Ticketus cash was not received by the club. When, where? As far as I was aware, they are still looking into that? During the Q&A session after their first press conference on the 16th. The question about the Ticketus money was asked - they replied that at that stage they believed it to have been deposited into the parent companies account, but they didn't have visibility of that account. The confirmed that it had NOT been paid into the club's account. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,060 Posted February 21, 2012 Share Posted February 21, 2012 The latest offering from Nick Harris Revealed: Whyte and Ticketus meet Rangers administrators, confirm source of fundsBy Nick Harris SJA Internet Sports Writer of the Year 21 February 2012 Craig Whyte, the absent former owner of Rangers whose takeover and nine-month period of control at Ibrox is currently under investigation, broke cover to hold a meeting with administrators Duff & Phelps at their London offices in Portman Square (below) yesterday, Sportingintelligence can reveal. We can also reveal that job losses at the club are not imminent and that normal monthly wage payments have been sanctioned in the past few hours for this month and will be paid within the next few days. Job losses have not been ruled out but are now unlikely before next month. Whyte, 41, has effectively been in hiding since the club went into administration last week as a result of up to £9m of unpaid PAYE contributions and VAT owed to HMRC since he took control of Rangers in May 2011 having paid former owner Sir David Murray a £1 nominal sum for his shareholding. Whyte also repaid Lloyds bank £18m owed by Rangers as part of the deal, and as Sportingintelligence reported on Sunday it was suspected that Whyte had made that payment from £24.4m received for selling some of Rangers tickets for the next four years to brokers Ticketus. That suspicion has now been confirmed . Sportingintelligence can reveal that visitors yesterday to Duff & Phelps at their London office for separate meetings that were held to try to find the full facts behind Rangersâ?? demise, were: Whyte, 41, who continues to insist via a spokesman that he has done nothing wrong. Sportingintelligence understands, however, that Whyte misled even some of his close associates about how he funded the £18m to Lloyds. One or more representatives from Ticketus themselves, who passed on details to the administrators about the deal that saw them pay Whyte £24.4m. It is understood that Ticketus director Ross Bryan was at Portman Square at some point yesterday. Phil Betts, Rangers director and tax specialist, was also interviewed by Duff & Phelps in London yesterday. Todayâ??s Daily Record reveals that Betts â??was paid more than £160,000 in eight months while the club were being dragged into administrationâ?. Betts was Whyteâ??s first appointment to the Ibrox board after taking over the club last May. The different parties are believed to have confirmed to the administrators that Whyte did the Ticketus deal and then paid off Lloyds. Central to any potential criminal action against Whyte is whether he was dishonest in his dealings at any stage in official declarations. Strathclyde Police have confirmed they are â??continuing to look at informationâ?? but have not yet launched any formal investigation. Mystery still surrounds the precise involvement in Whyteâ??s Rangersâ?? plans of former bankrupt Aidan Earley , and why £250,000 was paid to Earley from a bank account also used to hold the Ticketus income and used to pay Lloyds. http://www.sportingintelligence.com/2012/02/21/revealed-whyte-and-ticketus-meet-rangers-administrators-confirm-source-of-takeover-funds-210201/ 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,356 Posted February 21, 2012 Share Posted February 21, 2012 Well, keep the feet on the ground. You said ... He told us that the Ticketus cash went into the club when it didn't. ... which was inaccurate, as he told the RST otherwise. Hence the quote of his talk with the RST. His meeting was with the Assembly, not the Trust. I still feel it was correct for me to use "we" as the meeting was on behalf of the support in genreal and I am an affliated member of the Assembly anyway. When, where? As far as I was aware, they are still looking into that? They confirmed it in their press conference from last week. They said ""Our understanding is that the funds from Ticketus didn't come through the company's account" and they didn't have visibility of it. Berlin, Germany Dreadful. A banning is required for that one! See above. He said that the the Ticketus money went through our accounts to/through (whatever) one of his companies. As per quote above. That the administrators said otherwise with regard to Ticketus money is news to me. It has been widely discussed on here and in the press and I had presumed that you had noticed it. ust to be plain here, I don't say Whyte hasn't done anything wrong. I just pointed out that press news are hardly a great source these days, especially if we get regular updates and "truths" from the administrators. If the latter have said (where/when?) that they have thus far not found any evidence of what Whyte said to e.g. the RST, fair enough. Fair enough 0 Quote Link to post Share on other sites More sharing options...
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