sairdy 0 Posted June 12, 2012 Share Posted June 12, 2012 CHARLES GREEN, who is leading a consortium to acquire Rangers Football Club, issued the following statement today. Mr Green said: "I am hugely disappointed by the decision of HMRC not to support the CVA proposal and that disappointment will be felt acutely by Rangers fans across the world. "Frankly, I do not see what benefit will be achieved by this decision. My consortium's offer for a CVA amounted to a total of £8.5 million. "Now that we will have to complete the purchase via the formation of a NewCo, the purchase price and therefore the amount available to creditors will be £5.5 million. "I can understand HMRC deciding that football clubs which do not pay their taxes need to be punished, but by effectively banning Rangers from Europe for three years all that will happen is that there will be less revenue generated by the Club and consequently less money paid over to the taxman. "Also, I do not believe that by opting to vote against the CVA proposal, HMRC will generate more cash by pursuing those they believe as responsible - but that is a matter for them. "I am particularly saddened by the fact that this decision will mean that small shareholders will lose their shares in The Rangers Football Club plc, something which we were trying to avoid happening. "We will be exploring ways for the 26,000 shareholders who have lost their shares to subscribe for shares in the new company. We expect to appoint a private client broker in due course to allow existing shareholders and fans to buy into the new company. "We will, however, examine how to address this with regard to shares in the new company. "The solemn promise I can make to Rangers fans today is that this Club will continue as Rangers Football Club and will continue to play at Ibrox Stadium. "We will be liaising with the football authorities at the earliest opportunity to establish our position regarding the SPL. "I, along with my investors who believe that Rangers can have a bright future, will fight tooth and nail to ensure the Club recovers from this catastrophic phase in its proud history. "The fans deserve better and we will work tirelessly to realise their ambitions. http://www.rangers.co.uk/news/football-news/article/2809113 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 12, 2012 Share Posted June 12, 2012 more bs from green. he can do one with his share issue. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted June 12, 2012 Share Posted June 12, 2012 more bs from green. he can do one with his share issue. GS just for once put a f#*king sock in it for minute and think about the club instead of your personal issue with Green. You might not want to go see a new Rangers but I many thousands do. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 12, 2012 Share Posted June 12, 2012 GS just for once put a f#*king sock in it for minute and think about the club instead of your personal issue with Green. You might not want to go see a new Rangers but I many thousands do. I wish them all the luck in the world. they will need it with green in charge imho. 0 Quote Link to post Share on other sites More sharing options...
smile 0 Posted June 12, 2012 Share Posted June 12, 2012 more bs from green. he can do one with his share issue. But TBK wanted a share issue. You seem to be getting all excited once again. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 12, 2012 Share Posted June 12, 2012 But TBK wanted a share issue. You seem to be getting all excited once again. not in a newco they didn't. 0 Quote Link to post Share on other sites More sharing options...
biggordy 0 Posted June 12, 2012 Share Posted June 12, 2012 What's your alternative GS ? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted June 12, 2012 Share Posted June 12, 2012 What's your alternative GS ? my belief is and always has been tbk would have got a cva. I can't prove it though tbk may well be able to. very little will change my mind on this. 0 Quote Link to post Share on other sites More sharing options...
foggy dewhurst 0 Posted June 12, 2012 Share Posted June 12, 2012 what i cant understand is how can mr green come in now and buy the assets for £5.5 million and what are these assets the stadium, the training ground , if thats the case whats to stop another party making a better offer .. 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted June 12, 2012 Share Posted June 12, 2012 my belief is and always has been tbk would have got a cva. I can't prove it though tbk may well be able to. very little will change my mind on this. I very much doubt it... HMRC seem to be saying they were never going to accept a CVA no matter who was buying the club. 0 Quote Link to post Share on other sites More sharing options...
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