Craig Whyte and Ticketus

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Go G YellowScreen

Go G YellowScreen

Well-Known Member
Dec 16, 2011
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The ticket agency that entered into a £24m deal with Rangers owner Craig Whyte has revealed it owns thousands of Ibrox season tickets covering four years.

Ticketus said on Friday that the deal was not a cash loan, but a purchase of the Rangers season tickets in return for money up front.

On Thursday, Rangers’ administrators revealed the £24m from the deal had not come through the club’s books, but had entered Mr Whyte’s parent company’s account. They said they did not have "visibility" of the money.

Octopus Investment, which owns Ticketus, issued a statement on its website.

It read: "Octopus Investments would like to clarify the position of Ticketus with regard to the current Glasgow Rangers coverage.

"Ticketus is one of the many entities into which Octopus Protected EIS invests. Ticketus has purchased tickets for Glasgow Rangers games for a number of seasons in advance, as it has done for a number of years previously with the club.

"Ticketus does not lend money; Ticketus is the owner of assets - the tickets. Octopus is continuing to work with the administrators and Glasgow Rangers on this matter."
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http://news.stv.tv/scotland/west-ce...ngers-season-tickets-to-ticketus-in-24m-deal/


So the ****'s sold half your tickets for the next four years and pocketed the dosh by the looks of it.

Unfuckingbelievable!
 
SaTan's Evil Twin said:
Aye, but where the **** is the money? <laugh>

It should have been invested back in Rangers. Now it looks like it's bought goat eyes a nice big villa in the Seychelles!
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For the about 5th time of posting hes bumped them its simple.

For someone who used to work for the DWP determining whether or not people where scamming their giro your quite ****ing useless at noticing a scam - did you get sacked from that job?
 
MaskedDunger 4*5/4*5 said:
For the about 5th time of posting hes bumped them its simple.

For someone who used to work for the DWP determining whether or not people where scamming their giro your quite ****ing useless at noticing a scam - did you get sacked from that job?
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What are you wobbling your teethless gums about for ya Perthshire deer raper?
 
Trevor Santos said:
how can whyte sell something that he doesnt own? remember the sale went through before the takeover. Is that not fraud on his part?
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Most likely unless hes came across a certain way of bumping them (bad credit agreement)

It's quite easy to sell something you don't own, get something on finance and when they ask for it back tell them to **** off.
 
MaskedDunger 4*5/4*5 said:
It's obvious hes taken the mickey out of ticketus and pocketed the money you all keep asking questions about it as if its some mystery its no a mystery the **** seen the opportunity and took it.
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Taken the mick out of who??????

He SOLD season tickets to Ticketus ie they own the season tickets, so if he has pocketed the money he has taken the mick out of the season ticket holders and all fans of the club <ok>

Ticketus are not a creditor because they didn't loan the money as first expected they bought them.

Heard people say the deal was that Ticketus paid £24.4m to buy 23000 season tickets for the next 4 years so if Rangers sold 33000 Rangers would make money from the extra 10000, however, those figures don't really add up as Ticketus would have made around £12m from the deal on my rough estimate of an average £400 a season ticket (adults around £500 kids around £250? & more adult st holders?)..........so Rangers would have had to pay them £3m a year on top of the approx £9m they would have had to hand over a season ticket sales!!!

Not sure it has any substance - could be a case of too many people reading Rangerstaxcase & fancying themselves as a know it all <ok>

In effect Ticketus still own the season tickets for the near future as they have paid for them. Could be a hell of a mess for the administrators to wade through.

CVA looking less likely before 31st March the more it carries on.
 
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