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Rangers AGM thread >>>


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Rangers hater Martin Hannan can't even tell the truth when reporting on the AGM ....

" No-one at the AGM asked about the reason for the board’s late change of heart – they had steadfastly refused to repay the loan before their meeting on Thursday – or why it had not been repaid earlier, or how £5m could be raised “in an hour”, as King claimed, when the club have apparently been struggling with their finances for months.

The National can reveal there has been speculation in City circles that Ashley was prepared to cite broken agreements and foreclose on the loan or even call for Rangers to go into administration once again, though there is no official statement of such intentions."

http://www.thenational.scot/sport/football-king-eases-ashleys-hold-on-rangers-with-return-of-5m-loan.10530?

 

For "Speculation in City circles" read lies made up by Ill Phil.

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Why the sudden turn around to pay back the Cashley loan?

 

 

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-claim-knew-nothing-confidentiality-6915178

 

The reason King is paying the £5 Million loan is given in this article.

In the Rangers' defence papers it states that before the seven year notice period can be activated the loan must first be repaid.

King considers this an onerous provision. He has to pay it to be rid of SD.

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