Oleg_Mcnoleg 50 Posted March 31, 2015 Share Posted March 31, 2015 Rab doesn't want them knighted, all he ask was what crimes had they committed. Tell us what court case you are referring to please? Perhaps hyperbole on his part but claiming they were acting in the best interests of the club is straining credulity to breaking point. They were either utterly incompetent or at it. 0 Quote Link to post Share on other sites More sharing options...
pmu 0 Posted March 31, 2015 Share Posted March 31, 2015 you would think that people would realise by now that the process of prosecution for offences in "Company/Business law " does not work the same way as in what we would call "normal" criminal activity. The polis are not going to march round to Lambias and Leach households tomorrow morning with a warrant because of this. by all means the club should be looking for any legal loophole to get out of these contracts but don't hold your breath... 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted March 31, 2015 Share Posted March 31, 2015 (edited) 4 years ago we were champions with minimal debt of 14 million. Around double the debt just now but with 3 times the income. The debt was long term and at a good rate and the squad was worth 25 million easily. 4 years ago is about right. I think we have been here before. We were £18million in debt and being run by the the bank. £25m is pushing it too. After Jelavic left only Naismith would have had that much value. Edited March 31, 2015 by Ser Barristan Selmy 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 31, 2015 Share Posted March 31, 2015 I think we have been here before. We were £18million in debt and being run by th the bank. With 4 million cash at bank. So in great shape. Not perfect but really good. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted March 31, 2015 Share Posted March 31, 2015 (edited) With 4 million cash at bank. So in great shape. Not perfect but really good. So good we weren't even in control of our own finances. Edited March 31, 2015 by Ser Barristan Selmy 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted March 31, 2015 Share Posted March 31, 2015 We're destined to repeat past mistakes if we take the attitude that everything was wonderful prior to four years ago 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 31, 2015 Share Posted March 31, 2015 So good we weren't even in control of our own finances. The numbers don't lie. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted April 1, 2015 Share Posted April 1, 2015 So why was he under pressure to sell Rangers?AJ was reducing bankdebt year on year Well I doubt he was pressured by one of the former heads of Lloyds insurance division. Archie Kane - who was brought in to chair Bank of Ireland after it was bailed out by the state - has a bit of a past. Something that probably should have been Googled before he was given the job. The Scottish banker was one of the top executives running Lloyds Bank's insurance division before leaving in mid-2011. This was the part of the bank that was central to a massive payment protection insurance mis-selling scandal that cost billions in clean-up costs. Lloyds Bank set aside almost €12bn to cover the cost of compensating customers who had been wrongly sold the toxic policies. The widespread rip-off of British consumers was described as "the biggest financial mis-selling scandal of all time" by the influential British-based consumer magazine Which?. Despite this, Kane was appointed governor - or chairman - of Bank of Ireland in June 2012, following the retirement of Pat Molloy. Before details of the PPI mis-selling emerged, Kane had been awarded a generous bonus of €907,000 by Lloyds in 2010. This bonus was in the form of shares deferred for three years. However, when the PPI scandal erupted, Kane and four fellow top execs at Lloyds had 25pc of that bonus clawed back in 2012. The following year, another 25pc was clawed back and another 25pc last year, meaning that close to €680,000 from his €907,000 share-based bonus had been reclaimed by the bank. Last week it happened again, with Lloyds Banking Group taking the last bit of his bonus back. Ouch. BoI isn't at all perturbed by the fact that Archie's previous employers were so annoyed with his performance that they reefed all his bonus back. "Bank of Ireland conducted an extensive international search through an independent agency, with Mr Kane identified as the best qualified candidate. Following this, he underwent the rigorous Central Bank fitness and probity process, and was approved by the Central Bank." At least Archie will be well insulated with his bumper pay packet. http://www.independent.ie/business/irish/bois-archie-kane-sees-final-part-of-bonus-clawed-back-31102250.html 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,255 Posted April 1, 2015 Share Posted April 1, 2015 With 4 million cash at bank. So in great shape. Not perfect but really good. In comparison to other clubs the figures may not have been great but were manageable. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted April 1, 2015 Share Posted April 1, 2015 The numbers don't lie. No they don't. A club with a terrible recent history of debt was once again spiralling out of control with debts soaring over £30m. So the bank took control of the club and the debt was reduced. To try and give the club credit when someone else had to sort their mess is just ridiculous. You're not an idiot so stop pretending to be one - you know it's an entirely illogical argument and there is no getting away from the fact that we have been run abysmally from the day SDM set foot inside Ibrox. 0 Quote Link to post Share on other sites More sharing options...
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