The Gasman Posted February 9, 2018 Share Posted February 9, 2018 1 hour ago, Jamboelite said: At the end of the day the SFA currently cant get involved as bills are being paid and while i hate the SFA there is nothing they can do at the moment. There’s nothing the SFA will do at the moment, but that doesn’t mean there’s nothing they could do, or even should do - like asking for guarantees over the Club’s future funding, ability to meet current liabilities, and ability to guarantee sufficient funds to fulfil future fixtures. Link to comment Share on other sites More sharing options...
LeylandJambo Posted February 9, 2018 Share Posted February 9, 2018 1 hour ago, socrates82 said: Don’t know who would buy that book other than Rangers fans. Whyte making money off them again... Once a mug always a mug. Ibrox is full of them. Link to comment Share on other sites More sharing options...
sadj Posted February 9, 2018 Share Posted February 9, 2018 6 minutes ago, farin said: The sfa have their own troubles to seek tbh, the payday loan practically guarantees they'll see out the season. They still have a massive debt to service & the TOP panel wanting king to make an offer to existing shareholders etc. This circus will run for a bit yet. ? Whats the position with the TOP panel if they went into admin or liquidation? Link to comment Share on other sites More sharing options...
Footballfirst Posted February 9, 2018 Share Posted February 9, 2018 (edited) 26 minutes ago, farin said: @F.F would prob have this info to hand. ?? My understanding is that the Takeover Panel has discretion to either waive the purchase requirement or to amend the purchase price in the event of insolvency. In most cases they would still want the non-concert party shareholders to be party to any agreement to allow the company to be rescued so they are not disadvantaged. Edited February 9, 2018 by Footballfirst Link to comment Share on other sites More sharing options...
Beast Boy Posted February 9, 2018 Share Posted February 9, 2018 On 08/02/2018 at 22:17, Victorian said: Gets arsey with someone for no good reason whatsoever. Within minutes he's telling the same person to calm his jets after receiving a much more polite reply than he deserved. Especially from a guy who totally changed his whole attitude towards the situation when Allan Partridge from the ‘other forum’ told him to. Link to comment Share on other sites More sharing options...
i wish jj was my dad Posted February 9, 2018 Share Posted February 9, 2018 12 hours ago, Hagar the Horrible said: Thats because they started off with a clean sheet. money in the bank, but continued the WATP attitude and for every £1 Peterhead would spend, we would spend £1000. They spent £m's on winning 2 lower league titles, even more to finish mid table in the championship, took 2 goes to win promotion back to the golden goose that is the Premiership. Spent millions on dud managers like Fatso, the breadman and pedro. ran up £20m in soft loans, and now borrowed £7m to a loan shark company using the car park and E-House as security (for which King slated previous regimes for?) they are now spending the next years season ticket money to get to the end of this season? They need to keep spending the combined surplus of Aberdeen, Hearts and Hibs, just to compete with Aberdeen, Hearts and Hibs. god knows how much they will need to to come a close second to Celtic? they have a squad of players who are not the envy of any other SPL team? Nope not many on here predicting the iminent demise of Rangers, and certainly the SMSM will be shocked when the big hoose of cards comes crashing down again, unless another off the radar sugar daddy bails them out. The fake £8m for Merelos tells you everything, why take a £7m loan from a pay-dat loan company when £8m would have done the same job? This is a very good post. It actually looks like a worse business model than David Murray's which seems incredible to a pleb like me because at least he had trophies to hide behind no matter how they were 'achieved' but these chancers never fail to surprise me. At some point the creditors are going to want/need paid back. It's incredible that nobody in the weegia feels safe to ask questions about it. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted February 10, 2018 Share Posted February 10, 2018 7 hours ago, The Gasman said: There’s nothing the SFA will do at the moment, but that doesn’t mean there’s nothing they could do, or even should do - like asking for guarantees over the Club’s future funding, ability to meet current liabilities, and ability to guarantee sufficient funds to fulfil future fixtures. Why should they though? Are they asking clubs like Hamilton, who have declared they have financial problems, to guarantee they can fulfil fixtures? Link to comment Share on other sites More sharing options...
jamboz Posted February 10, 2018 Share Posted February 10, 2018 2 hours ago, Geoff Kilpatrick said: Why should they though? Are they asking clubs like Hamilton, who have declared they have financial problems, to guarantee they can fulfil fixtures? There is a difference. Hamilton have announced financial difficulties and are cutting their cloth accordingly. Not spending through the nose on a revolving door of managers and over priced also-rans. Or knocking back 7 million pound bids then running off for pay day loans. If if any other team in Scotland had the number of season ticket holders that sevco do they would not only have zero financial difficulties but also be pushing Celtic and be more successful in Europe. It it is not unreasonable for the SFA to raise concerns given previous history, the Takeover panel decision, King’s previous involvement with the liquidated club and the fact he is a convicted tax fraudster and glib and shameless liar. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted February 10, 2018 Share Posted February 10, 2018 1 hour ago, jamboz said: There is a difference. Hamilton have announced financial difficulties and are cutting their cloth accordingly. Not spending through the nose on a revolving door of managers and over priced also-rans. Or knocking back 7 million pound bids then running off for pay day loans. If if any other team in Scotland had the number of season ticket holders that sevco do they would not only have zero financial difficulties but also be pushing Celtic and be more successful in Europe. It it is not unreasonable for the SFA to raise concerns given previous history, the Takeover panel decision, King’s previous involvement with the liquidated club and the fact he is a convicted tax fraudster and glib and shameless liar. Leaving aside that the SFA should never have allowed King to be a director of Sevco, because that is the real farce here, not the way Sevco run things, what exactly should the SFA do and on what basis? Are they paying bills? To my knowledge, yes, as a sheriff court warrant would be all over the internet as an imminent sign of doom. They are being funded by directors' loans. Again, that's nothing new for Scottish football clubs. So what precisely? Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted February 10, 2018 Share Posted February 10, 2018 9 minutes ago, Geoff Kilpatrick said: Leaving aside that the SFA should never have allowed King to be a director of Sevco, because that is the real farce here, not the way Sevco run things, what exactly should the SFA do and on what basis? Are they paying bills? To my knowledge, yes, as a sheriff court warrant would be all over the internet as an imminent sign of doom. They are being funded by directors' loans. Again, that's nothing new for Scottish football clubs. So what precisely? Directors loans yes but pay-day company loans? That's a new one surely. Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted February 10, 2018 Share Posted February 10, 2018 (edited) On 08/02/2018 at 19:56, Longshanks said: This sounds like very bad news for rangers. Why would king not just give them a loan on more favourable terms? Why go to a loan shark? Would be interesting to see how much money in total king has 'invested' in rangers. Anyway, funny how we have wealthy benefactors willing to pump 7 figure sums into the club and rangers are having to go to pay day loan companies Which loan shark/pay day loan company? Edited February 10, 2018 by Seymour M Hersh Link to comment Share on other sites More sharing options...
jamboz Posted February 10, 2018 Share Posted February 10, 2018 Yeah I am not too sure but the SFA have previous for making stuff up as they go or on the fly so I am sure they could think of something if there is technically nothing in the book to throw at them. Bringing the game into disrepute at the very least with all their constant shenanigans, outbursts and media fallouts. If for example practically anyone else had done or said some of the things sevco have over the years charges and fines would have been dished out willy nilly. Link to comment Share on other sites More sharing options...
Lovecraft Posted February 10, 2018 Share Posted February 10, 2018 21 minutes ago, Seymour M Hersh said: Which loan shark/pay day loan company? https://www.dailyrecord.co.uk/sport/football/football-news/rangers-chiefs-rubbish-cash-strapped-11987995 Link to comment Share on other sites More sharing options...
Tommy Brown Posted February 10, 2018 Share Posted February 10, 2018 Traynor still sports editor at the Daily Ranger? The news this week that Rangers had secured a credit facility was another step on the road to recovery for the club. It was hailed by Ibrox chief executive Stewart Robertson as a sign they are on a sound financial footing on the back of rejecting millions from China for Alfredo Morelos. Fans of rivals clubs remain sceptical and suddenly lenders the Close Brothers became the subject of some debate on social media. It was another sign of how the topics for discussion have changed in Scottish football during the Light Blues financial crisis. But for all Rangers supporters are happy to see the club in good condition off the park, fans naturally crave tangible success. Link to comment Share on other sites More sharing options...
Seymour M Hersh Posted February 10, 2018 Share Posted February 10, 2018 6 minutes ago, Lovecraft said: https://www.dailyrecord.co.uk/sport/football/football-news/rangers-chiefs-rubbish-cash-strapped-11987995 A bit harsh on Close Brothers. They're merchant bankers. Can't think why they'd get into bed with GASL though. Link to comment Share on other sites More sharing options...
Deevers Posted February 10, 2018 Share Posted February 10, 2018 34 minutes ago, Lovecraft said: https://www.dailyrecord.co.uk/sport/football/football-news/rangers-chiefs-rubbish-cash-strapped-11987995 Love how they go to their cheerleaders of choice to reassure "ra peeepole" that all is well. Bet the whole script was sent to the Record by Fatty to be reproduced verbatim. Scratch the surface and there's a completely different take on all of this. The next couple of months will indeed be "interesting". Link to comment Share on other sites More sharing options...
tntjambo Posted February 10, 2018 Share Posted February 10, 2018 14 hours ago, Jambo-Jimbo said: And it would need to be an extremely rich investor indeed, because the amount of money needed to be spent for them to be able to reach the 'Promised Land' of Champions League Group stages and beyond season in season out, is going to cost hundreds of millions of pounds and with no guarantee of ever turning a profit. Mega rich savours riding in on a white charger are few and far between down Govan way nowadays and certainly ever since minty lost his own private bank spending everybody else's money. The strange/weird thing about this entire scenario is how Minty the man who caused this entire mess is never mentioned Minty sold the joint for a quid lock stock and barrel and walked away into the sunset never to be mentioned again lol. Link to comment Share on other sites More sharing options...
John Findlay Posted February 10, 2018 Share Posted February 10, 2018 1 hour ago, tntjambo said: The strange/weird thing about this entire scenario is how Minty the man who caused this entire mess is never mentioned Minty sold the joint for a quid lock stock and barrel and walked away into the sunset never to be mentioned again lol. He should be doing gaol time imho. Link to comment Share on other sites More sharing options...
I P Knightley Posted February 10, 2018 Share Posted February 10, 2018 12 hours ago, Ryder said: Especially from a guy who totally changed his whole attitude towards the situation when Allan Partridge from the ‘other forum’ told him to. Are there seriously people spending amounts of time on both forums? Nothing personally against the guys who defected but it's tricky enough keeping up with one set of arseholes let alone two! Link to comment Share on other sites More sharing options...
Beast Boy Posted February 10, 2018 Share Posted February 10, 2018 8 minutes ago, I P Knightley said: Are there seriously people spending amounts of time on both forums? Nothing personally against the guys who defected but it's tricky enough keeping up with one set of arseholes let alone two! One or two, yes. Link to comment Share on other sites More sharing options...
Konrad von Carstein Posted February 10, 2018 Share Posted February 10, 2018 12 hours ago, Ryder said: Especially from a guy who totally changed his whole attitude towards the situation when Allan Partridge from the ‘other forum’ told him to. C'mon, Geoff is tedium personified but surely this is cobblers? Link to comment Share on other sites More sharing options...
Beast Boy Posted February 10, 2018 Share Posted February 10, 2018 6 minutes ago, Konrad von Carstein said: C'mon, Geoff is tedium personified but surely this is cobblers? Was warned on day one that he wasn’t to bring his “Sevco shit” over there. Link to comment Share on other sites More sharing options...
kirkierobroy Posted February 10, 2018 Share Posted February 10, 2018 I fully expect whoever gets the SFA heid bummer gig to have strong sympathies towards, or history with, either Rangers or Sevco. And thus the fitba authorities can keep winking or looking the other way when they adopt some dubious financial patch. Either that or just switch 'Lurch' Doncaster who has previous in looking the other way with regard to Rangers/Sevco. Link to comment Share on other sites More sharing options...
Victorian Posted February 10, 2018 Share Posted February 10, 2018 33 minutes ago, Ryder said: Was warned on day one that he wasn’t to bring his “Sevco shit” over there. Link to comment Share on other sites More sharing options...
jambosdad Posted February 10, 2018 Share Posted February 10, 2018 3 hours ago, Seymour M Hersh said: A bit harsh on Close Brothers. They're merchant bankers. Can't think why they'd get into bed with GASL though. Close Brothers provide facilities against security. I believe this has been provided against car park and another asset. I thought there was an embargo on using their assets. Not a legal embargo but the fans were upset and demanded no security against assets. they must have found the deeds, Bomber Link to comment Share on other sites More sharing options...
Jamdub Posted February 10, 2018 Share Posted February 10, 2018 2 hours ago, jambosdad said: Close Brothers provide facilities against security. I believe this has been provided against car park and another asset. I thought there was an embargo on using their assets. Not a legal embargo but the fans were upset and demanded no security against assets. they must have found the deeds, Bomber Tick tock..... Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted February 12, 2018 Share Posted February 12, 2018 I still cant beleive the SMSM are promoting this verbatum as a good thing, It shows that THe The Rangers are on the way back finacially as they have been granted an overdraft facility? Its a secured loan? My overfraft is unsecured. I can even take a loan out, unsecured. if I want a massive loan, i might need to re-mortgage that would be secured. King still has the TOP decision hanging over him, and the possibility of cold shouldering, how can these threats veiled or real be anything other than an albratros around their neck? To compound matters there was no issue with soft loans as these unsecured vehicles are only the problem of the directors, but now the Close Brothers have provided actual hard loans with interest rates attached and secured against 2 of their prized assets. Debt is only ever a problem when somebody wants it back, that was never an issue untill now, as the Close Brothers will not offer forgiveness! If they keep using these loans to cover the shortfall then no doubt the higher rate of interest on repayments will become just as massive as the debt they have incurred? To make matters worse, Celtic announced increase in turnover etc, and have £30m sitting in the bank? A new word for Gulf is needed here. Thellik are a net £60m better off....ouch Link to comment Share on other sites More sharing options...
Deevers Posted February 12, 2018 Share Posted February 12, 2018 (edited) 1 hour ago, Hagar the Horrible said: I still cant beleive the SMSM are promoting this verbatum as a good thing, It shows that THe The Rangers are on the way back finacially as they have been granted an overdraft facility? Its a secured loan? My overfraft is unsecured. I can even take a loan out, unsecured. if I want a massive loan, i might need to re-mortgage that would be secured. King still has the TOP decision hanging over him, and the possibility of cold shouldering, how can these threats veiled or real be anything other than an albratros around their neck? To compound matters there was no issue with soft loans as these unsecured vehicles are only the problem of the directors, but now the Close Brothers have provided actual hard loans with interest rates attached and secured against 2 of their prized assets. Debt is only ever a problem when somebody wants it back, that was never an issue untill now, as the Close Brothers will not offer forgiveness! If they keep using these loans to cover the shortfall then no doubt the higher rate of interest on repayments will become just as massive as the debt they have incurred? To make matters worse, Celtic announced increase in turnover etc, and have £30m sitting in the bank? A new word for Gulf is needed here. Thellik are a net £60m better off....ouch Most of the MSMS only print or quote what they are told to by Traynor. Sad but absolutely true. Edited February 12, 2018 by Deevers Link to comment Share on other sites More sharing options...
Tommy Brown Posted February 12, 2018 Share Posted February 12, 2018 1 hour ago, Deevers said: Most of the MSMS only print or quote what they are told to by Traynor. Sad but absolutely true. Exactly as I posted from Saturday On 10/02/2018 at 08:42, Tommy Brown said: Traynor still sports editor at the Daily Ranger? The news this week that Rangers had secured a credit facility was another step on the road to recovery for the club. It was hailed by Ibrox chief executive Stewart Robertson as a sign they are on a sound financial footing on the back of rejecting millions from China for Alfredo Morelos. Fans of rivals clubs remain sceptical and suddenly lenders the Close Brothers became the subject of some debate on social media. It was another sign of how the topics for discussion have changed in Scottish football during the Light Blues financial crisis. But for all Rangers supporters are happy to see the club in good condition off the park, fans naturally crave tangible success. Link to comment Share on other sites More sharing options...
NANOJAMBO Posted February 12, 2018 Share Posted February 12, 2018 2 hours ago, Hagar the Horrible said: I still cant beleive the SMSM are promoting this verbatum as a good thing, It shows that THe The Rangers are on the way back finacially as they have been granted an overdraft facility? Its a secured loan? My overfraft is unsecured. I can even take a loan out, unsecured. if I want a massive loan, i might need to re-mortgage that would be secured. King still has the TOP decision hanging over him, and the possibility of cold shouldering, how can these threats veiled or real be anything other than an albratros around their neck? To compound matters there was no issue with soft loans as these unsecured vehicles are only the problem of the directors, but now the Close Brothers have provided actual hard loans with interest rates attached and secured against 2 of their prized assets. Debt is only ever a problem when somebody wants it back, that was never an issue untill now, as the Close Brothers will not offer forgiveness! If they keep using these loans to cover the shortfall then no doubt the higher rate of interest on repayments will become just as massive as the debt they have incurred? To make matters worse, Celtic announced increase in turnover etc, and have £30m sitting in the bank? A new word for Gulf is needed here. Thellik are a net £60m better off....ouch Anything to promote some kind of feel good factor and deflect from the off pitch omnishambles that King has created. King probably still deludes himself into thinking he can win his TOP battle and then go for the share issue (which Sevco desperately need for a cash injection to cut their already , after 5 years as a club, massive debts). To do that King needs ra berrs to think all is well so they will throw more money on his bonfire of the vanities. Everyone knows the Glasgow media has no credibility when it comes to anything Sevco but they just can't help themselves. They'll print anything to sell copy. Link to comment Share on other sites More sharing options...
Glamorgan Jambo Posted February 12, 2018 Share Posted February 12, 2018 Seems to have gone a bit quiet on the share issue they were planning for February/March. Maybe the Takeover Panel is a bigger deal than they'd have us believe. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted February 12, 2018 Share Posted February 12, 2018 6 minutes ago, Glamorgan Jambo said: Seems to have gone a bit quiet on the share issue they were planning for February/March. Maybe the Takeover Panel is a bigger deal than they'd have us believe. Should know by Thursday as its the day they have to submit their grounds for an appeal? If they win, I will make very good friends with that legal team! Link to comment Share on other sites More sharing options...
tntjambo Posted February 12, 2018 Share Posted February 12, 2018 I Know this guy is a bit of a clown but he does sometimes detail some interesting stuff https://philmacgiollabhain.ie/2018/02/12/terms-and-conditions-really-will-apply/ Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted February 15, 2018 Share Posted February 15, 2018 6 years ago yesterday and it went quietly, what a shame still if you go to companies house and look at the charge, its not an overdraft its a loan, and its a sell your soul contract https://beta.companieshouse.gov.uk/company/SC425159/charges Link to comment Share on other sites More sharing options...
tntjambo Posted February 15, 2018 Share Posted February 15, 2018 33 minutes ago, Hagar the Horrible said: 6 years ago yesterday and it went quietly, what a shame still if you go to companies house and look at the charge, its not an overdraft its a loan, and its a sell your soul contract https://beta.companieshouse.gov.uk/company/SC425159/charges It appears they had no other way to keep the lights on till the season ticket money comes in no more soft loans and DK is potless so to take a short term loan for 3 million that will cost £900k interest just shows the desperation Link to comment Share on other sites More sharing options...
Heartsofgold Posted February 15, 2018 Share Posted February 15, 2018 46 minutes ago, Hagar the Horrible said: 6 years ago yesterday and it went quietly, what a shame still if you go to companies house and look at the charge, its not an overdraft its a loan, and its a sell your soul contract https://beta.companieshouse.gov.uk/company/SC425159/charges Micky the leg breaker fae Drumchapel would have given better terms than those. Basically, if Sevco miss even 1 payment they are going to lose the Car Park and Edmonton House. Can 'The People' not see this as the final act of a truly desperate company! Rangers are trading INSOLVENT!!!! Link to comment Share on other sites More sharing options...
Dalstonjambo Posted February 15, 2018 Share Posted February 15, 2018 48 minutes ago, Hagar the Horrible said: 6 years ago yesterday and it went quietly, what a shame still if you go to companies house and look at the charge, its not an overdraft its a loan, and its a sell your soul contract https://beta.companieshouse.gov.uk/company/SC425159/charges Incredible. Almost as incredible as the fact that this information isn't being widely reported isn't it? It's almost like the SMSM have agendas. Link to comment Share on other sites More sharing options...
The Gasman Posted February 15, 2018 Share Posted February 15, 2018 On 12/02/2018 at 13:39, Hagar the Horrible said: Should know by Thursday as its the day they have to submit their grounds for an appeal? If they win, I will make very good friends with that legal team! Any news if they did submit the grounds for their appeal by today, or have they missed the deadline? Link to comment Share on other sites More sharing options...
Don Dan Posted February 15, 2018 Share Posted February 15, 2018 4 minutes ago, Heartsofgold said: Micky the leg breaker fae Drumchapel would have given better terms than those. Basically, if Sevco miss even 1 payment they are going to lose the Car Park and Edmonton House. Can 'The People' not see this as the final act of a truly desperate company! Rangers are trading INSOLVENT!!!! Link to comment Share on other sites More sharing options...
milky_26 Posted February 15, 2018 Share Posted February 15, 2018 10 minutes ago, Heartsofgold said: Micky the leg breaker fae Drumchapel would have given better terms than those. Basically, if Sevco miss even 1 payment they are going to lose the Car Park and Edmonton House. Can 'The People' not see this as the final act of a truly desperate company! Rangers are trading INSOLVENT!!!! thats big micky to you Link to comment Share on other sites More sharing options...
Heartsofgold Posted February 15, 2018 Share Posted February 15, 2018 8 minutes ago, milky_26 said: thats big micky to you More worried about his enforcer....Chas the chib. Link to comment Share on other sites More sharing options...
Portable Badger Posted February 15, 2018 Share Posted February 15, 2018 26 minutes ago, milky_26 said: thats big micky to you Mister Micky if you please !! Link to comment Share on other sites More sharing options...
Tommy Brown Posted February 15, 2018 Share Posted February 15, 2018 Come on guys...it's another investment A sign that they are on the way to a solid financial footing. In fact, it is not even funny, it's pathetic. Link to comment Share on other sites More sharing options...
tntjambo Posted February 15, 2018 Share Posted February 15, 2018 Micky the leg breaker fae Drumchapel is the last card in the pack where they can borrow money from. Link to comment Share on other sites More sharing options...
Mikey1874 Posted February 15, 2018 Share Posted February 15, 2018 1 hour ago, Heartsofgold said: Micky the leg breaker fae Drumchapel would have given better terms than those. Basically, if Sevco miss even 1 payment they are going to lose the Car Park and Edmonton House. Can 'The People' not see this as the final act of a truly desperate company! Rangers are trading INSOLVENT!!!! Allowing a missed payment is part of Mickey's normal terms. Gives him a hold over you Rangers are funny. Link to comment Share on other sites More sharing options...
redjambo Posted February 15, 2018 Share Posted February 15, 2018 The thing that most annoys me at the moment is that because Rangers are living beyond their means, they have been able to buy/pay better players than they would otherwise have been able, and as a result they are currently in third place. Should teams be allowed to finance normal operating expenses with loans? Rangers are gambling everything on making it to the Europa League group stages. If they don't, and a rich white knight doesn't appear on the horizon, they're fecked. Folk shouldn't be allowed to gamble with a football club's existence like that, even with a new club like Rangers. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted February 15, 2018 Share Posted February 15, 2018 3 hours ago, The Gasman said: Any news if they did submit the grounds for their appeal by today, or have they missed the deadline? No ideas Gas, but I am sure if there were good grounds, then King/Sevco would have said, but we can wait till the hearing, however if he has not, then no doubt the TOP panel will insist he offers a share offer, immediately???? Link to comment Share on other sites More sharing options...
Jambo-Fox Posted February 16, 2018 Share Posted February 16, 2018 Let them die a painful death!! Link to comment Share on other sites More sharing options...
Four faces Posted February 16, 2018 Share Posted February 16, 2018 12 hours ago, redjambo said: The thing that most annoys me at the moment is that because Rangers are living beyond their means, they have been able to buy/pay better players than they would otherwise have been able, and as a result they are currently in third place. Should teams be allowed to finance normal operating expenses with loans? Rangers are gambling everything on making it to the Europa League group stages. If they don't, and a rich white knight doesn't appear on the horizon, they're fecked. Folk shouldn't be allowed to gamble with a football club's existence like that, even with a new club like Rangers. That's why the fit and proper person thing was created.Doesn't apply to the rangers though. Just as a host of other regulations don't.Hope they melt. Link to comment Share on other sites More sharing options...
kirkierobroy Posted February 16, 2018 Share Posted February 16, 2018 15 hours ago, redjambo said: The thing that most annoys me at the moment is that because Rangers are living beyond their means, they have been able to buy/pay better players than they would otherwise have been able History repeats, etc etc. Let's hope it repeats itself all the way... Link to comment Share on other sites More sharing options...
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