Official: Craig Whyte completes Rangers takeover

That's us fucked then. Unless he turns out to broke or a crook. Preferably both.

ViVaRooney wrote:

Jelavic18|RFC wrote:

Dean wrote:What's so good?

The clubs debts have been wiped out and he's giving us £10million a season.

UUUH £10m

dont go spendin that all on 1 player

It's in the spl you mong.

Actually, seems he's not the hero he's been made out be.

Seems te official Huns didn't want him there.


Statement by the Independent Board of The Rangers Football Club plc 6 May 2011

Further to today's statement from Wavetower Limited ("the acquirer"), the Independent Board Committee of The Rangers Football Club plc ("the Club"), comprising Alastair Johnston, Martin Bain, John Greig, John McClelland and Donald McIntyre, (''IBC'') would like to make the following statement:

In recent weeks the IBC has been engaged with the acquirer and has secured an enhanced financial commitment from Wavetower for future investment into the Club. The decision on the sale and purchase of the majority shareholding in the Club firmly and ultimately rests between Murray MHL Limited ("MHL") and Lloyds Banking Group ("LBG").

Although the IBC has no power to block the transaction, following its enquiries, the IBC and Wavetower have differing views on the future revenue generation and cash requirements of the Club and the IBC is concerned about a lack of clarity on how future cash requirements would be met, particularly any liability arising from the outstanding HMRC case.

Wavetower is purchasing MHL's 85% shareholding in the Club for £1 and the Club's indebtedness with LBG is to be assigned to Wavetower. This share transaction would ordinarily trigger a requirement on Wavetower under Rule 9 of The Takeover Code for a mandatory offer to be made to the other shareholders.

Given this transaction structure and following discussions with the Takeover Panel, the IBC considers there to be no purpose in the acquirer making such an offer to acquire all other shareholdings at effectively nil value per share.

Accordingly the IBC has agreed that the offer period for the Club will now end. In agreeing that no offer should be made to all shareholders the IBC has insisted that the acquirer issues a document to all shareholders setting out the full terms of the transaction, comprehensive details on the acquirer and the sources of its funding and giving firm commitments to agreed future investment in the Club.

The IBC is committed to ensure that the transaction and future investment and funding proposals should be transparent to all the shareholders and supporters of the Club.
http://www.rangers.co.uk/articles/20...254024_2354697

Away for a wash after that wee visit to their site.

Murray knew what he was doing.

When he sold his shares in Rangers Football Club for £1.

Totti wrote:When he sold his shares in Rangers Football Club for £1.

That was the point. To push the deal through.

I should have offered, i got 1.50

You lot really don't understand do you?

He paid £53million to rangers. But only £1 to Murray as anything over a certain amount needs months to be clarified by stock exchange. Plus giving us £10million a year on transfers.

http://thingsthatcostthesameasrangers.tk/

Celtic and the rest of the Scottish league are going to lose the league to a club that cost £1? Harsh

Meh, I'll just blame it on referee conspiracy theories like usual.

















Or Samaras.

Wait.. So if I am reading this correctly... Rangers are fucking screwed.

Whatev, hate them. CELTIC!

polska. wrote:Wait.. So if I am reading this correctly... Rangers are fucking screwed.

Whatev, hate them. CELTIC!

I really have no idea what's happening. What it looks like is that Jela is celebrating, and everyone else is just confused.

Buy Poulsen of us?

Cam wrote:I should have offered, i got 1.50

He could be another Sulimain Al-Fahim

SBSP wrote:http://thingsthatcostthesameasrangers.tk/

"5 shites at Central Station"

How are Rangers screwed?

They've just been taken over and all their debts are getting paid off, plus they're getting money to spend in the transfer window, which they wouldn't have been if they hadn't been taken over.

I know it's a just a wee joke but...

"DEFINITION:
Nominal fee - A fee that does not reflect the true value of the subject it is attached to. Usually it is only of token value."

It's just so the contract could be created I think.

SBSP wrote:http://thingsthatcostthesameasrangers.tk/

Clever, but completely wrong.

Johnny wrote:How are Rangers screwed?

They've just been taken over and all their debts are getting paid off, plus they're getting money to spend in the transfer window, which they wouldn't have been if they hadn't been taken over.

You seem to be the only other one that has brains.

http://willievass.photoshelter.com/gallery-image/070511-Rangers-v-Hearts/G0000verLoQ.5UT0/I0000hGQgE01LvXQ

Jelavic18|RFC wrote:You lot really don't understand do you?

He paid £53million to rangers. But only £1 to Murray as anything over a certain amount needs months to be clarified by stock exchange. Plus giving us £10million a year on transfers.

They do get it, he bought the club for £1.

Why buy Rangers when you can buy a packet of Quavers cheaper?

Btw big packet of Doritos at Jacksons are on special offer for a quid right now.

James wrote:Btw big packet of Doritos at Jacksons are on special offer for a quid right now.

I went to McDonald's earlier, didn't quite have enough money for a double cheeseburger so I bought Rangers instead!

Uncle John from Jamaica wrote:I went to McDonald's earlier, didn't quite have enough money for a double cheeseburger so I bought Rangers instead!

Looks like David Moyes.
A whole football club is worth one Fernando Torres.

Scottish football is shite. Close thread.