RANGERRAB 3,258 Posted May 17, 2014 Share Posted May 17, 2014 all they want is your money for their own personal gain How will they do that then? 0 Quote Link to post Share on other sites More sharing options...
lenzEK 0 Posted May 17, 2014 Share Posted May 17, 2014 Are we even sure that Ibrox and Murray Park are 'their's' to secure? 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted May 17, 2014 Share Posted May 17, 2014 Are we even sure that Ibrox and Murray Park are 'their's' to secure? Why does someone else own them? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 17, 2014 Share Posted May 17, 2014 How will they do that then? Same way they have for 2 years 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted May 17, 2014 Share Posted May 17, 2014 How will they do that then? Onerous contracts, commissions, fees, bonus culture etc. Wrote this earlier.......... This is where the sp.ivs have been clever. Many of their direct or indirect 'earners' are tied in with fan spend, money that is traditionally regarded as 'funding the club'. Look at the argument that goes.... A. Where has the 70M gone ? B. It's all accounted for in accounts audited by Deloittes. My question would be: Can you see proportional benefit to the club from the 70m spent ? I don't think anyone could objectively answer 'yes'. So, where has it gone ? In the business review, Graham Wallace made a point of mentioning "onerous contracts" which RIFC or/and TRFC are tied into and obviously are not weighted in favour of the club. Apparently some or all of these contracts were signed without the presence of lawyers. These may represent a 'lead weight' for the club going forward and an excellent earner for others. So we come back to where we started, your quoted post above. We are left in a situation whereby to fund the club's continued existence, we will also be the cash cow for those on the favourable side of the 'onerous contracts', a lead weight that means constant austerity. Over and above that we still have the bonus culture alive and kicking. Problem is with the above, the club will enter a downward spiral that will end in a dark place. So when you speak of "existence", bear that in mind. There are rumours that the beneficiaries of some of the onerous contracts reside in the Easdale Proxies. 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted May 17, 2014 Share Posted May 17, 2014 Different type of scam. We essentially finance their purchase of the assets. Brilliant idea For them 0 Quote Link to post Share on other sites More sharing options...
Hildy 0 Posted May 17, 2014 Share Posted May 17, 2014 We should be thinking about what to do if a sale and leaseback of Ibrox and Auchenhowie is attempted - or if it actually happens. The idea that rogue ownership could sign the club up to a long lease of either or both is quite sickening. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted May 17, 2014 Share Posted May 17, 2014 Different type of scam. We essentially finance their purchase of the assets. Brilliant idea For them Er....don't the RIFC shareholders own the assets? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted May 17, 2014 Share Posted May 17, 2014 Er....don't the RIFC shareholders own the assets? Title to the assets is not held in the name of RIFC plc. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,258 Posted May 17, 2014 Share Posted May 17, 2014 Title to the assets is not held in the name of RIFC plc. Who is it then? 0 Quote Link to post Share on other sites More sharing options...
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