Decision on Ticketus deal due today

Au contraire. Ticketus would've had to write-off the £24million - although they would undoubtedly have appealed the decision.

 

I find that hard to believe. But then I ain't no lawyer or big business deal maker.

 

I think the major story in the court case yesterday was the proof that Whyte did not use the Ticketus money to buy Rangers, that is bad news because there is little hope now (if any) that the deal that allowed him to buy Rangers can be annulled. Many a Hack (Leggo especially) led us to believe that it is against the law to borrow money against something you don't own, in order to purchase it.

Whyte as it now turns out did not do that.

 

What proof?

 

I'm still struggling to understand how it works out with Ticketus.

If the Blue Knights (I hate that ****in name) are successful then it would be via CVA. Therefore Ticketus are both a part owner and creditor under the terms of the CVA? How then does future season ticket sales work out?

Ahm no asking you directly Dev, I'm thinking out loud and asking in general.

 

Unless I'm mistaken there is a contract between Ticketus and Rangers. Not between Ticketus and Whyte. However, that did not stop Mr Whyte claiming he was personally on the line for that cash. Confusion upon confusion does not cover this ****.

 

It took a while for the penny to drop that Dev's on about the £1 that Whyte paid for Rangers, not the £18 million he used to pay off the bank.

You cheeky young man.

 

The agreement was signed, and first payment of £20 million made, on 9th May, 3 days after the takeover.

 

So where did Whyte get the money he had to prove he had before David Murray agreed to sell to him ?

 

Murray already "admitted" he was conned by Whyte so obviously he say no documentation which proved Whyte's credentials.