Rangers Announce Secure Loan - £1.5m. Repayable by 1st Sept

[Ser Barristan Selmy 222]

Ally told us it was all perfectly normal, nothing untoward.

 

Looks like the Easdales are not so greedy. Though repaying this, even the bit without interest, just hastens us running out of money next season. We are already starting to spend next season's ticket money and it is only February.

I wouldn't be so quick to praise the Easdales here. I'm sure they would have charged a fee/interest if they thought they could get away with it.

[Super Cooper 0]

I wouldn't be so quick to praise the Easdales here. I'm sure they would have charged a fee/interest if they thought they could get away with it.

 

Perhaps their fee is hidden in Laxeys cut?

[der Berliner 3,286]

Anyone ever found or heard of a link between Laxey and the Easdales?

[the gunslinger 3,366]

Anyone ever found or heard of a link between Laxey and the Easdales?

 

they work together at rangers.

[der Berliner 3,286]

they work together at rangers.

 

Laxey's man on the board is?

 

You see, much of what we work with is assumption and conjecture. The current loan does look as if they work closely together, and obviously people are happily telling us that Easdale must get something from Laxey because ... he is Easdale. Just saying. Of course, we'll hardly ever find out.

 

All the naughty stuff aside, I found it quite "interesting" to see that Laxey may indeed opt for shares instead, which essentially would get them a foothold in any new share issue, so they'd actually cover themselves in that respect too.

[the gunslinger 3,366]

if the market price is 50p of course they will take shares at 26.5

[TheTinMan99 0]

Anyone ever found or heard of a link between Laxey and the Easdales?

 

Did they both not end up with most of Green's shares, and now they are both calling the shots on dubious loans? Purely coincidental, I'm sure.

[TheTinMan99 0]

the real issue is here that the club last year was hemorrhaging money. this year it continues to hemorrhage money. the spivs are still benefiting from us being broke.

 

so who's actually going to change that.

 

Literally nobody. The forums will be red hot for a day or two, the bloggers will get their drawers in a bunch, and we'll all soldier on until they end up using Ibrox as collateral for a lend of a score. What we really need is few pumpings from timothy before we see any real action from the support. Sadly, a year or so away yet. By that time, it will most probably be too late.

Edited February 24, 2014 by TheTinMan99

[amms 0]

Literally nobody. The forums will be red hot for a day or two, the bloggers will get their drawers in a bunch, and we'll all soldier until they end up using Ibrox as collateral for a lend of a score. What we really need is few pumpings from timothy before we see any real action from the support. Sadly, a year or so away yet. By that time, it will most probably be too late.

 

That's depressingly prescient and probably accurate.

[Zappa 0]

if the market price is 50p of course they will take shares at 26.5

 

They can also just take the premium payment in hard cash or if there was a share issue at 20p per share within the next 12 months they could potentially get 5,750,000 shares (just for example).

 

Even at 26.5p you're looking at £1,150,000 worth being 4,339,622 shares which is currently 6.66% of the company in the market. With dilution it would eventually be a little lower, but 6%+ would still be a hefty chunk to add to their 12.74%.