Leggat - Green Wants Rangers Fans To Pay Whytes' Debts

[ian1964 10,440]

CHARLES GREEN had admitted he will have borrow from the £8.3M which he claims is in the pot to pay off creditors as part of his watered down CVA, just to keep Rangers running.

 

Rangers will run out of money to pay basic running costs within the next few days.

 

And Greenâ??s CVA says quite clearly that the only way Green can pay bills and wages â?? not just those of the players, but all Rangers employees â?? is by robbing Peter to pay Paul.

 

Unless, that is, he can sweet talk Rangers supporters into handing over £15M of their money to buy season tickets.

 

And that, at a time when the fans donâ??t know whether or not their club will even be playing football next season, as the feud between the Scottish Football Association and the Court of Session is set to take a nasty turn, following late night outbursts from SFA chief executive, Stewart Regan.

 

Which makes it even more urgent that Rangers supporters do not stump up their hard earned cash by funding Charles Greenâ??s increasingly dodgy looking deal.

 

For the chances of Charles Greenâ??s CVA being accepted at a creditors meeting on Wednesday are diminishing by the day, opening the way for Green to make the move to snaffle Ibrox Stadium, snare the Albion car park and get his hands on the Milngavie training complex, which I warned about two days ago.

 

If he does that and moves their Crown Jewels out of the ownership of Rangers FC and into his Sevco set up, or any other plc, then as a football club, Rangers will become worthless.

 

Charles Green, though, will make millions.

 

Making the key to the whole thing, the season ticket money.

 

Iâ??ve been told that Charles Green fears Rangers supporters withholding the £15M he so desperately needs to fund his get rich quick scheme. Without that cash from supporters, Greenâ??s cunning plan will collapse.

 

To that end, he has been trying to get at least two major newspapers to back him, by going straight to the top and launching a charm offensive on the editors of the Sun and Herald.

 

I can reveal that Sun editor, Andy Harries, along with his head of sport, Iain King, plus Herald editor Johnny Russell, met Green in his office inside Ibrox on Wednesday.

 

My belief is that both newspapers could now face the perception they have been badly compromised.

 

Rangers supporters therefore must be extremely careful in believing what they read, for there will be more spin coming from Green in the next few days, ahead of him making a plea for their £15M of season ticket money.

 

Green â??s CVA says in 5. 14. 2 that from June 6, the date of the meeting when the creditors vote on a CVA, he expects to pocket season ticket money.

 

He also admits in 5.15 that if Rangers run out of cash to pay the bills, money will be transferred from the CVA pot of £8.3M.

 

But only if Charles Green is appointed to assist in the day-to-day management of Rangers in order for him manage the ongoing trading costs of Rangers and allow for the smooth transition in ownership.

 

That is laid out in the CVA in 4.21. Those are the words used.

 

Green wants to have the power of ownership of Rangers before he pays any money and before he actually does own Rangers.

 

That is a cute move. It is also a clear and present danger to Rangers.

 

The bottom line - what it will all cost Rangers if the CVA goes through - is that the repayments at 8per cent interest over the next eight years, means the £8.3m in the CVA pot, which is only being loaned, will soar to £13.3M worth of repayments to Charles Green.

 

Plus â?? and this is the key to the decision the creditors will take on whether or not to accept Green's already watered down looking CVA - cash taken from the CVA pot to keep Rangers running from June 6, will be money which is not available to pay those creditors.

 

That is, unless Rangers supporters hand over their money to buy season tickets.

 

Then it is their money â?? the cash from Rangers supporters which will go back into the CVA pot â?? that will pay the debts run up by Craig Whyte.

 

The bottom line?

 

Charles Green wants Rangers supporters to pay the debts run up by Craig Whyte.

 

Just as Craig Whyte wanted the season ticket money from Rangers supporters last season to pay the debts he had run up.

 

Making Charles Green no more than Craig Whyte, Mark Two.

 

But if Rangers supporters make it clear they will not buy season tickets, then Green is sunk and Rangers could yet be saved. Ibrox Stadium could yet be saved. The Albion car park could yet be saved. The Milngavie training complex could yet be saved.

 

The situation for the clubâ??s future well being is now even more grave than it was two days ago when I first warned of the danger of Rangers supporters handing over their £15M season ticket money to Charles Green.

 

For Green has already been caught out in major lies.

 

Charles Green said he had 20 investors.

 

Charles Green said he had £20M.

 

He has not got twenty investors.

 

He has not got £20M.

 

He has got nowhere near 20 investors.

 

He has got nowhere near £20M.

 

Charles Green has lied to Rangers supporters before.

 

Big time!

 

Charles Green is not a man Rangers supporters should trust with their hard earned money.

[andy steel 0]

Seems fair enough.

[GovanAllan 0]

So he wants the fans to kill the club just so his pals can come running back with the empty pockets again.

[andy steel 0]

I don't think there's going to be a Rangers next season, GA. We may be able to stagger from the wreckage in season 2013-24, but the way it looks I doubt if we'll be at the table next year. With that in mind, I seriously want to avoid Green's strategy - I don't think it is ethical, fair, or honest, but more importantly I don't think it will work.

 

If he goes ahead, we'll be back in square one before you know it.

[chilledbear 16]

Tend to agree andy.

 

Getting more pessimistic as the days go on.

[GovanAllan 0]

I don't think there's going to be a Rangers next season, GA. We may be able to stagger from the wreckage in season 2013-24, but the way it looks I doubt if we'll be at the table next year. With that in mind, I seriously want to avoid Green's strategy - I don't think it is ethical, fair, or honest, but more importantly I don't think it will work.

 

If he goes ahead, we'll be back in square one before you know it.

 

Hope your wrong Andy I really do, but all we can do is wait and see. I just don't follow the plan of the fans not buying a ST, it just gives Green the ammo if it goes tits up to say the fans deserted the club when it needed them the most. I don't want him having any get out clause if it goes wrong.

[CumbernauldGers 0]

Can we have some proof of Leggos ranting?

 

Or is the proof the fact the guy could not even get a job as a cleaner at a newspaper?

[Guest Bears R Us]

Hope your wrong Andy I really do, but all we can do is wait and see. I just don't follow the plan of the fans not buying a ST, it just gives Green the ammo if it goes tits up to say the fans deserted the club when it needed them the most. I don't want him having any get out clause if it goes wrong.

 

I agree, it is a worry that Green does not seem to have the people behind him that he said he had but he is the one who has been given the chance to get us out of the situation, and I do not see what we can do but back him, while asking questions at the same time. I will certainly buy my season ticket as soon as the chance to do so comes along. If that proves a mistake down the line then so be it, I will have put my money in to try and save our great club.

[the gunslinger 3,366]

green is potless. we will ne back in admin or costs will be halved.

[GovanAllan 0]

green is potless. we will ne back in admin or costs will be halved.

 

I hear you mate, I can't not hear you

 

I'm only saying don't give him an excuse to throw at us, we need to back the club to the hilt to keep him honest, then if it fails the blame has only way to fly and its to him not us.