Interesting Article...

http://scotlandonsunday.scotsman.com/sport/Tom-English-39Donald-Muir-is.6050172.jp

Puts a different slant on the whole Rangers debt/Llyods situation.

 

Good article pud

Has this figure of £18 million come from 60p in the £??

 

Aye, that's how they come to the £18 million figure...

He highlights a good few points...

Does a business have to be insolvent/bankrupt etc for a bank to accept £ % deals... if so, they go into adminstration.

With personal debt, if you go bankrupt or enter into a debt managment programme, it ****s up yer credit rating. So, a business would have to be treated the same (i.e Administration) ??????

Rangers of course would not want to do that - minus 10 points!

 

I can't see the bank accepting a % deal for our debt even if we were to go bust. Our assets far out way our debts with Murray park, Ibrox and the players

 

I'm sure Rangers will get out of (somehow) ...

I don't think it will get to the same point as Celtic in the 90s.

 

Who's gonna buy Murray Park, Partick Thistle?

 

Murray Park is prime property development territory, i know the property market is on its knees at the moment but it doesn't change the location of Murray Park!!
If Rangers where not involved with MIH there wouldn't be a problem, £31m is easily manageable for a club Rangers size.
Remember that figure doesn't not include this seasons Champions League revenue! I reckon it will come down considerably especially with the squad being so small now.
We just need to get away from the grip of MIH and normal service will resume, you know Championships, Cups, domestic trebles.....stuff like that!!

 

Erm commented on the wrong post here....

rangers are ****e and skint

 

rangers are ****e and skint and 10 points clear and can still win teh treble and look like going straight into teh Champions League
but I actually don't disagree wuth the ****e and skint comment

 

Aye anport, and celtic are a great team?!

 

Your biggest problem is exactly MIH

As you say £31m debt is manageable, as rangers have asset of way more than £31m

The problem isnt the debt its the value MIH hold on Murrays shareholding. As this is held in MIH name they are holding out for as much as they can on the value of this AND the all the debt. And no one will ever pay top dolar for the shares and the debt in one go. One has to give - either drop the asking pricve of the shares or the debt - at the minute LLoyds want top dolar for both - as they'll get it from rangers one way or another - they might not get it back from MIH though

 

Lads i only put that in as i commented on the wrong post -so edited out my stupidity

Rangers are ****e and skint

Celtuc are more ****e - but less skint

 

Agreed