Yeah Timmy, Rangers would have realized at least the £10m in player sales to satisfy the PAYE and NIC bill in time to meet UEFA rules to retain a licence.....the fact that the transfer window didn't open till after that deadline is inconsequential to the fairy tales of Bankwupt Bawwie.
You're talking about a wholly different scenario. When D Murray bought Jelavic, we could "afford" him, obviously during his brief stay in Glasgow, the ownership of the business changed hands and an insolvency event ocurred. I believe we actually paid R Vienna for Jelavic, so your post is about as relevant as me talking about Fergus McCann buying Celtic from the White's and the old railway line that used to run up by Parkhead from Dalmarnock before heading off into Carntyne. Do ye get me?
Because the debts were serviceable. I'm in £150k debt just now, my house is worth more than that and I'm paying the debt. I could get rid of the debt in an instant by selling my house but then I'd have no house and would need to either get more debt or buy a ****ter house with the equity. I've got a family that I need to house and they like their house, so I'll just pay the debts.
You're also missing the point, but you're missing a chromosome too so I guess I can't be too harsh on you. please log in to view this image
See if this wasn't a hun, I'd attempt to reason with this utter gibberish. "D Murray paid for Jelavic" Rapid threatened to take Green to court and still didn't receive the full amount. http://www.express.co.uk/sport/football/356576/Rangers-to-pay-Jelavic-debt You still maintain you could afford him on the basis of assets - utter balls. You would have to free the capital in those assets in order to "afford" it unless you live in some barter based society. You can release capital through release schemes without selling an asset but YOU NEED TO PAY THAT BACK. Simply owning something doesn't mean you get to accumulate more without either selling something or borrowing something - you do not accumulate additional assets on the basis of existing ones unless you reduce the CAPEX (capital expenditure as opposed to OPEX or REVEX - I do this for a living remember) value of your existing assets. Talking gibberish as a way of discrediting straight analogies is a fine way to go, though. This is brilliant
To be blunt, you can't afford two houses. You can sell your existing house and buy a new one. Rangers bought two houses - they could've afforded the new house if they'd sold the existing one but they didn't. Analogy over.
Right, so When you said Rangers could sell players to pay debt your point wasn't that Rangers could sell players to service debt. I understand completely.
the debts were only serviceable with the cooperation of a - for want of a better word - sympathetic bank....clearly a more detached view was that they were not viable. At what point in your analogy could the lender of your mortgage which allowed you to purchase the house decide that they wanted their money back ? please log in to view this image Edges hoose must stay open
When Murray sold to Whyte, we could afford him. Our ability to afford players was based on borrowing money from the bank like how many companies and countries fund themselves. I'm not basing our ability to buy players based on assets, I'm basing our ability to pay either 1) Lloyds or 2) the PAYE/NI bill using assets which was how this discussion started. If that's your job, let's hope reading and understanding words isn't bonus based.
When you pay something by releasing equity or revex from an asset, the value of that asset decreases. You're an idiot.
I should really clarify that. The gross value of the asset itself remains the same (assuming market parity), the net value to the owner of the asset is diminished.
This is a perfect example of why Edge should stick to doling out Neg Rep instead of trying to engage in a serious debate.
We're talking about different things. I'm saying at the end of the D Murray tenure, had Lloyds issued and immediate demand, then the debt could've been paid in theory. At the admin stage, we could've paid off the debt using players sales IF HMRC hadn't skelped us with a phantom tax bill.
