Ticketus paid £230 net cost for the tickets. That's the money that went to Rangers (or Craig Whyte?). They then sell them for £400 or whatever and that's how they make their money. It's not so much a loan as an advance. ps Has the Jelavic money been found?
So in effect every one seems to think that Rangers should sell match packages and to hell with ticketus? Isn't that the same kind of dodgy dealings that got Rangers in trouble in the first place?
why did ticketus do the deal with whyte? CW: Hi there, my names craig whyte can you by lend me 25 million quid? TU: that's quite a lot of money. how can you pay it back? CW: I'm going to use the money to buy Rangers FC then once I own them I will give you 25 million quids worth of season tickets ok? TU: ok that doesnt sound risky at all, you have a deal sir
So basically from what you guys are saying, Craig Whyte was talking out his arse when he said this was a loan secured against himself? If ticketus don't do loans and have bought the season tickets already, with the money only coming from the season tickets how could that possibly be secured against him? Guy's unreal!
no not really. rangers can choose not to sell season tickets under new ownership. we need to get money in. if ticketus take a big hit then tough titty, they're big boys
That's not what happened. Ticketus paid CW £24.4m on the understanding that he woud take over Rangers. The money was held in account. IF CW failed in his bid the money would be handed back. It wasn't a loan as such.
Besides the inevitable legal challenge from Ticketus, it kinda makes a mockery of the whole 'dignity' thing, selling in advance season tickets to one client, then re-selling the seats as individual match day tickets to another.
Imagine turning up to the game and "Big Hoose Fatty" has to sit on your lap because of the double bookings.
You get the feeling between Ticketus, HMRC and the rest of the creditors this thing is going to drag on for months if not years. The administrators talked about their role in "the coming months" the other day which indicates that it's unlikely Rangers will be out of administration before the end of March meaning they are almost certain to miss out on European football. Does anyone know if it's the last game of this season that will see Rangers deducted points for next season if they're still in administration? Or does it only kick in if they're in administration when the new season starts?
Interesting business plan being suggested by some. Client: I recently paid for a fully fitted new kitchen. But you've not fitted it. Company: We no longer sell fully fitted kitchens. We sell the individual cupboards, drawers etc separately. Client: Well I'll have those in replacement. Company: I'm afraid we've sold your cupboards and drawers to other clients. If you want new cupboards and drawers you'll have to pay for those. Client: Will I ****! I've already paid for the full ****ing kitchen. Company: We no longer sell sell fully fitted kitchens. Client: Well I want my money back then. Company: Tough, you can't have it.
What double bookings? Ticketus don't actually own season tickets. IF Craig Whyte is telling the truth, then he has secured the advance from Ticketus against assets he already owned before taking over Rangers. Big if though. Stereo, that's how I thought the deal would have been as well. If he never acquired the club then the money would have been given back to Ticketus. He might have switched the liability on to Rangers, although if he done that then he probably would have lost his status as primary creditor. If that's the case, then maybe he never switched it onto Rangers books.
