the gunslinger 3,366 Posted July 29, 2014 Share Posted July 29, 2014 Always interesting to see how people analyse what other people think or deem "fine" ... and more often than not fall rather short. The fan group's failure is to negotiate in a reasonable way with a board that hardly clads itself in glory either. But both parties rather went at each other through the media and the IMHO notorious way done by some fan groups will hardly open any doors at boardroom level ... and we all should know that "the boot against the door" strategy apparently endored even by some on here will hardly yield any results. Rather on the contrary. Edmiston House (did not Green buy it for the club?), Albion Car Park and in a way even Auchenhowie are assets of the club. They are not Ibrox though. That was my point. The board will not touch the latter, but the former if need be. There sure is sentiment amongst the anti-board faction that this is just the start of an asset sale and then they all turn tail and run off. All fine and well. On a more pragmatic (if not to say reasonable) level, the company has to bridge the low St sales and the lack of immediate income either via the double share issue, or by taking on loans against certain assets. To keep the club running as a business. As bad as it is, that appears for them as the most reasonable way of keeping the business going, however perilous that is in the short term. The point of course is that if people would take off their anti-board glasses and look at it from a rather business-wise point of view, it was and is a rather clear strategy. Generally and just to reiterate ... I don't like it in any way, just give you a different perspective to look at it. Hence, any snide remarks about "supporters like you" are rather pointless. so you don't even believe what your saying. 0 Quote Link to post Share on other sites More sharing options...
Crimson Dynamo 128 Posted July 29, 2014 Share Posted July 29, 2014 (edited) If Murray Park really is up for sale could Dave King not buy it? When I say Dave King, I mean a Rangers fan or a group of fans/ex - players that could afford it. The price tag wouldn't be that much, would it? As I presume it would be another case of short termism by our board intended to fund us for maybe only a season, so say no more than £10m Edited July 29, 2014 by Crimson Dynamo 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted July 29, 2014 Share Posted July 29, 2014 so you don't even believe what your saying. DBerEdmiston House (did not Green buy it for the club?) He does seem to believe that his one time 'champion' Charles Green bought us Edmiston House. Didn't realise CG had been so generous. I'm being a little unkind to take DB literally but looking back on that particular piece of business is interesting. Edmiston House was purchased with the money going to MIH/Lloyds. It was said at the time to be an investment with matchday revenue generation in mind. I don't know the current state of play with EH but I don't think it is generating revenue or has there been any activity regards taking steps towards it. So you have to focus on the purchase of EH and where the money went because the MO of CG&Co was certainly not the medium to long term. So this spend was against the grain but money went to one of what we may call 'players' within the saga. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted July 29, 2014 Share Posted July 29, 2014 i know 180 thousand people went to ibrox this weekend and not one of them spent a penny in edmiston house. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted July 29, 2014 Share Posted July 29, 2014 i know 180 thousand people went to ibrox this weekend and not one of them spent a penny in edmiston house. Not sure that's a fair criticism. Even if it had been up and running, the CG organisers may not have allowed it to be used anyway, in the same way as they insisted on the shop being closed. 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted July 29, 2014 Share Posted July 29, 2014 Not sure that's a fair criticism. Even if it had been up and running, the CG organisers may not have allowed it to be used anyway, in the same way as they insisted on the shop being closed. Dependent on activity/contract that may or may not have been relevant last weekend. However the upcoming 18 league matchdays would be more important. Do you are does anyone know of any 'plans' for EH ? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,136 Posted July 29, 2014 Share Posted July 29, 2014 There can be no plans for EH as there is no money to develop it. Buying it back from MIH was all well and good but this should only have happened with development as a short-term priority. Otherwise it just becomes a white elephant with maintenance costs we can't recoup. EH is just another example of bad planning. There remains an opportunity with it but I wouldn't bet against still standing in disrepair five or ten years down the line. 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted July 29, 2014 Share Posted July 29, 2014 Re. Purchase of Edmiston House Charles Green struck a deal with SDM in September 2012. “From a tangible point of view one of the things we went to discuss was trying to acquire Edmiston House because that would be very important to my plans. “I think we have agreed in principle a deal on that. So he has helped the club by coming to an acceptable deal on that and that is very much appreciated. “We have some plans for the property and these will be unveiled in the future.” Charles Green 26/09/12 Green In Murray Talks http://www.rangers.co.uk/news/headlines/item/2296-green-in-murray-talks 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted July 29, 2014 Share Posted July 29, 2014 There can be no plans for EH as there is no money to develop it. Buying it back from MIH was all well and good but this should only have happened with development as a short-term priority. Otherwise it just becomes a white elephant with maintenance costs we can't recoup. EH is just another example of bad planning. There remains an opportunity with it but I wouldn't bet against still standing in disrepair five or ten years down the line. With the short-term MO of Green&Co and the sale benificiary being SDM/Lloyds, it doesn't smell of simply "bad planning". 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,136 Posted July 29, 2014 Share Posted July 29, 2014 With the short-term MO of Green&Co and the sale benificiary being SDM/Lloyds, it doesn't smell of simply "bad planning". Well, of course you could argue it was a £1million sop for some positive PR for Greenco. It would be like bringing back Jelavic now. Fans would love it but if we can't pay him to play what's the point...? Developing Edmiston House (or indeed the stadium) have always been nice moonbeams over the years for whoever runs the club. Problem is such development costs millions on top of the purchase price and would also need ongoing funding. For example, EH could house a museum, a casino, a bar and a shop. But would this multi-use building run at a loss or a profit? If the latter was possible, how long to pay back the initial investment? It's maybe easier to say so with the benefit of hindsight but Greenco should have been rationalising the existing business model and streamlining costs. Not making impulse buys which we'd need to subsidise for years. With the housing market picking up apace, maybe Green was a visionary and the 'new' board will sell it again for a 50% profit... 0 Quote Link to post Share on other sites More sharing options...
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