True_Ger_1872 2 Posted August 15, 2013 Share Posted August 15, 2013 Folks I have noticed today a lot of online and Twitter chat / rumours about the sale of Rangers aassets of Ibrox, Murray Park and Albion Car Park with leaseback options to raise immediate revenue for the club. Has anyone heard anything about this, potentially worrying, development? Some figures being posted about which makes me think its all another baseless internet rumour but a few folk have linked it with a quote from Charles Green about being able to 'bring £10M into the club in a moments notice'?? Might just be another rumour though... 0 Quote Link to post Share on other sites More sharing options...
amms 0 Posted August 15, 2013 Share Posted August 15, 2013 I've not heard that. It's not something I'd be in favour of either. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted August 15, 2013 Share Posted August 15, 2013 It's a terrifying thought. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted August 15, 2013 Share Posted August 15, 2013 I've not heard that. It's not something I'd be in favour of either. We just bought out the lease to the Albion, if we sell and leaseback does that mean that Imran owes US money? Seriously can't see that happening or with Ibrox either; but Murray Park might be attractive because of its development potential. Difficult to see how the Club could get a deal on good terms given our current situation and I would see it as very much a last resort type thing. The Club has to become self-financing, that's the top priority. 0 Quote Link to post Share on other sites More sharing options...
Crimson Dynamo 128 Posted August 15, 2013 Share Posted August 15, 2013 Is this how Green and his cronies will make their money 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,153 Posted August 15, 2013 Share Posted August 15, 2013 I can't see either MP or Ibrox being sold or leased. 0 Quote Link to post Share on other sites More sharing options...
Mountain Bear 0 Posted August 15, 2013 Share Posted August 15, 2013 I can't see either MP or Ibrox being sold or leased. Would be a massive risk. Purchaser would want a double digit yield if they were picking up maintenance costs, so in less than a decade the money raised would be gone forever. More importantly, we'd be offering a hostage to fortune - what would we do when the initial lease comes up for renewal and the owner decides to jack up the price? Move to another 50,000 seat stadium in Glasgow? Think this one is just nonsense. 0 Quote Link to post Share on other sites More sharing options...
Gingerger 0 Posted August 15, 2013 Share Posted August 15, 2013 The blog on this couldn't be written in a less credible manner if the author was trying to be satirical. It's a total non starter. 0 Quote Link to post Share on other sites More sharing options...
Doc 280 Posted August 15, 2013 Share Posted August 15, 2013 Bad bad idea. Hope it's a non starter. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted August 16, 2013 Share Posted August 16, 2013 This is usually only a last ditch maneuver to keep a company from liquidation due to cash flow problems. If we do this it means we're one step closer to death. Rangers should never need such a move as we have too large and loyal a customer base which makes us attractive to buy with our assets intact as we're a decent long term proposition. There is also a good chance any unforeseen cashflow problems that put us in real danger could be offset by another share issue. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.