simplythebest 0 Posted February 7, 2013 Share Posted February 7, 2013 It would be interesting to know the exact terms of what the deal with Orlit was and when it was entered into because it looks like Duff and Phelps may have accepted a bid that at the time may not actually have been fully funded. Was the proof of funds a case of deja vu? If the agreement was reached with Orlit then the proof would be there no? There isn't actually anything wrong with a bit of borrowing, hell AJ and co used ticketus to get some minor sums in advance. What Whyte did was just too much. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,062 Posted February 7, 2013 Share Posted February 7, 2013 (edited) If the agreement was reached with Orlit then the proof would be there no? Not necessarily, if as stated it's in regards to Arif Naqvi and Abraaj Capital then that investment never materialised. Begs the question how closely Duff and Phelps looked at the proof of funds? There isn't actually anything wrong with a bit of borrowing, hell AJ and co used ticketus to get some minor sums in advance. What Whyte did was just too much. No there's nothing wrong with a bit of borrowing my own business needs to borrow to function properly, but I've never claimed my business was "debt free" when it patently wasn't. Edited February 7, 2013 by forlanssister 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted February 7, 2013 Share Posted February 7, 2013 No there's nothing wrong with a bit of borrowing my own business needs to borrow to function properly, but I've never claimed my business was "debt free" when it patently wasn't. Is this not where it's actually a liability? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 To be fair the club didn't say they had settled it yesterday either but I'll look forward to a proper solution over the next day or two hopefully. no but they did say they had reached a settlement which is what you said thomson was contradicting. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 Your obsession with Whyte is slightly disturbing. its rather understandable i wold thing. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted February 7, 2013 Share Posted February 7, 2013 its rather understandable i wold thing. You give him too much credit. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 It would be interesting to know the exact terms of what the deal with Orlit was and when it was entered into because it looks like Duff and Phelps may have accepted a bid that at the time may not actually have been fully funded. Was the proof of funds a case of deja vu? we know it wasn't fully funded but remember d@p had seen proof of funding for 20 million was it. meanwhile green was scrabbling around borrowing 100k here 200k there just to get to 5.5 million. d@p were up to their necks in it. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 7, 2013 Share Posted February 7, 2013 You give him too much credit. you don't give him anything like enough. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted February 7, 2013 Share Posted February 7, 2013 you don't give him anything like enough. Sure ticketus etc was clever but HMRC screwed any plans he may have had, and he's been long gone since May. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted February 7, 2013 Share Posted February 7, 2013 From a RM poster: Straight from the horses mouth at Perth WA meeting, Mr Charles green said,,,,This issue is over a investor advisor who reckons he is owed more than the usual 5 to 7% because our floatation has been so successful. After negotiations there is an agreed amount to be paid!! As usual nothing to it!! http://forum.rangersmedia.co.uk/index.php?showtopic=246934&st=280#entry1060784813 0 Quote Link to post Share on other sites More sharing options...
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