Rangersitis 0 Posted September 2, 2014 Share Posted September 2, 2014 So he did not want shares in the company instead. It would also be good, just for the sake of the debate, to tell people that he "only" wanted a third of Laxey's amount in interest - at least according to information back then. Only the interest was to be paid back in cash or shares. Why would he want to take even more risk with his money? 0 Quote Link to post Share on other sites More sharing options...
jhunter 0 Posted September 2, 2014 Share Posted September 2, 2014 So we are literally not paying bills as when they fall due. Presumably somers will just waive his meager wage as it won't be missed as indeed will his contribution. 0 Quote Link to post Share on other sites More sharing options...
compo 6,109 Posted September 2, 2014 Share Posted September 2, 2014 a good man is mr letham sounds like a gentleman 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 2, 2014 Share Posted September 2, 2014 So we are literally not paying bills as when they fall due. There's a word for that. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 2, 2014 Share Posted September 2, 2014 Can't see that myself mate, Telfers fee would only cover costs at the club for a day at the most, probably a few hours. £60k was it? Pennies in our world of spending. A fortune if your 50k short of defaulting on paying your staff. 0 Quote Link to post Share on other sites More sharing options...
trueblue 64 53 Posted September 2, 2014 Share Posted September 2, 2014 The money lost on non renewals of ST would have repaid both loans and left a big chunk of the 4M that is being sought. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 2, 2014 Share Posted September 2, 2014 The money lost on non renewals of ST would have repaid both loans and left a big chunk of the 4M that is being sought. The drop in ST sales only accounts for about £3m (possibly less!) in potential revenue that's been lost, so while you're right that it would have paid off the loans, the remainder wouldn't have fixed the clubs overall financial crisis, it would only have pushed it back a month or so. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 2, 2014 Share Posted September 2, 2014 The money lost on non renewals of ST would have repaid both loans and left a big chunk of the 4M that is being sought. Another thing to blame the board for 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,146 Posted September 2, 2014 Share Posted September 2, 2014 The money lost on non renewals of ST would have repaid both loans and left a big chunk of the 4M that is being sought. There it is folks - it's our fault, not the highly paid executives who have failed to deliver investment as promised time after time. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted September 2, 2014 Share Posted September 2, 2014 There it is folks - it's our fault, not the highly paid executives who have failed to deliver investment as promised time after time. That is the stock answer for all our woes from some, and will be for a considerable time. 0 Quote Link to post Share on other sites More sharing options...
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