Off Topic Pointless point-scoring thread

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There's a lot else in these accounts that are staggering for the scale of the losses elsewhere. And yet there's oddly little sign of any disappointment that the Murray business empire has been almost entirely dismantled.
Hitting the recession, many other companies - and particularly those exposed to property losses - had the plug pulled by their bank. The process can be rapid and brutal.
But Lloyds Banking Group - inheriting the splurged loan book of Halifax Bank of Scotland - has allowed Sir David the chance to sell off his assets piece by piece. It didn't appear to leave him much choice. But it's taken five years so far, and it's still been rather brutal.
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Harsh measures First was Rangers, famously handed over for one pound. The cost of the legal fight with HM Revenue and Customs over its tax affairs has since cost his company £2.5m, and it's not over yet.
The following year, ending June 2012, saw much of the steel business go. There followed a management buy-out of Premier Hytemp, supplying the oil and gas industry, which remained a lot healthier, but still resulted in a £10m loss to MIH on its sale.
More recent times, including the period since the end of these 2012-13 accounts, have seen some harsh measures being applied to the property portfolio.
Three shopping centres have been sold, for less than half of what they cost. And without them, Murray International Holdings is admitting that it can't meet its pension obligations. It's still trying to negotiate lower benefits than beneficiaries had been promised.
Likewise, it's still trying to find a buyer for Response, the contact centre business. It lost a big Sky contract, but has since won another one for Scottish Power, claiming the energy utilities' woes offer a rich opportunity for contact centre expansion.
However, I'm told (from sources outside MIH) that rival companies offered a chance to buy have not been attracted by the state of the business.
As a result of this offloading, group turnover in the year to last June was down to £85m from £351m. The operating loss on ordinary activities, before exceptional items, has fallen too, from £13m to £7.6m.
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Debts and impairments But on exceptional items - and MIH has just posted an exceptional set of accounts - the loss is breathtaking.
With £95m impairment losses on development property and land, the pre-tax loss for 2012-13 came to £142m.
And if you're wondering why Lloyds Banking Group is indulging this slow-motion corporate train wreck, it's at least partially explained by net liabilities last June of £225m, compared with £80m the previous year.
Amounts owed to creditors last June within one year: £151m. Falling due after more than one year: £225m.
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At the end of this tale of woe, perhaps the strangest bit is that Sir David Murray presents it as a sort of triumph: "In the prevailing economic conditions since 2009, the delivery of the numerous asset disposals and debt reduction programme represents a significant achievement and a very credible performance."
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http://www.bbc.co.uk/news/uk-scotland-26927245
 
see all these haters they wanted us dead but we didn’t die and were on the up and that is what pees them off they are jealous mindless idiots who have f/all better to do
if the queen dies and is replaced with someone else it is still the same crown but these twats cannot understand that
anyway there is a lot more of us than them and they hate us for that
why should we bother about them they are unwashed unworthy and stinking animals
NO SURRENDER
WATP
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<laugh>.
 
http://www.dailyrecord.co.uk/sport/...rangers-directors-hold-showdown-talks-3668192

Meanwhile, it has been revealed accountants and lawyers have raked in a staggering £2m in 12 months as the bill for winding up oldco Rangers continues to soar The figures have been detailed in the latest six-month report from insolvency experts BDO who were appointed liquidators of the Rangers Football Club PLC after it failed to emerge from administration following Craig Whyte&#8217;s ruinous 10-month reign.

And the unfathomable strategy adopted by Whyte is further highlighted by the fact almost half of this latest bill has been covered by the final instalment of the £4.5m deal which saw Nikica Jelavic sold off to Everton just two weeks before the club was plunged into financial chaos in February 2012.

The BDO report, which was completed at the end of last month, reveals a cheque for £975k is expected to arrive from the Goodison Park club &#8216;shortly after 31 May 2014&#8217;

pointless point scoring
 
the dreaded rear admiral said:
http://www.dailyrecord.co.uk/sport/...rangers-directors-hold-showdown-talks-3668192

Meanwhile, it has been revealed accountants and lawyers have raked in a staggering £2m in 12 months as the bill for winding up oldco Rangers continues to soar The figures have been detailed in the latest six-month report from insolvency experts BDO who were appointed liquidators of the Rangers Football Club PLC after it failed to emerge from administration following Craig Whyte&#8217;s ruinous 10-month reign.

And the unfathomable strategy adopted by Whyte is further highlighted by the fact almost half of this latest bill has been covered by the final instalment of the £4.5m deal which saw Nikica Jelavic sold off to Everton just two weeks before the club was plunged into financial chaos in February 2012.

The BDO report, which was completed at the end of last month, reveals a cheque for £975k is expected to arrive from the Goodison Park club &#8216;shortly after 31 May 2014&#8217;

pointless point scoring
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[h=4]John Johnston[/h]
4:42 AM on 10/6/2014​

give me dave king rather than this pair any day!
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<laugh>

They haven't learned any lessons from their previous lionising of tax cheats and are endlessly doomed to make the same mistakes. They are the Sisyphus of fitba fans.
 
VenomPD said:
<laugh>

They haven't learned any lessons from their previous lionising of tax cheats and are endlessly doomed to make the same mistakes. They are the Sisyphus of fitba fans.
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Tom English tweeted about Deila the day he was appointed.

First response (picture of Sandy Jardine or some ****e on the avatar):

"They've taken the cheap option - a glorified coach who knows not to ask for any money"

<laugh>

My first thought was "what the **** does it take for some ******s to realise that very few clubs in the world are Man City".

Someone who coaches, develops and doesn't spend money is precisely what we (and Rangers) need.

What sort of a ****ing idiot still wants an Advocaat as a manager?
 
Rangers money men are down in London this morning trying to sort out their financial tatters , meanwhile back at home super Sally is planning buying more players to replace the duds he bought last year. Will this idiot ever learn ????
 
Well said the Ayr chairman , calling sevco cheats for last 2 years , spending money they don't , losing a million a month , when all the over clubs have to balance their books
 
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