Official: Craig Whyte completes Rangers takeover

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

Scottish football is cheaper. Close thread.

MickStupp wrote:

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

Scottish football is cheaper. Close thread.

Jelavic9|RFC wrote:

Dean wrote:What's so good?

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

Mal wrote:The future's bright. The future's blue and whyte.

The Scottish Football Association is investigating Craig Whyte after the Rangers owner admitted that he had been disqualified as a company director.

And if it is not satisfied that Whyte falls into its fit and proper person guidelines, it will take action against the Ibrox club.

Rangers issued a statement to the Plus stock exchange on Wednesday confirming Whyte's seven-year disqualification.

The Maestro wrote:

The Scottish Football Association is investigating Craig Whyte after the Rangers owner admitted that he had been disqualified as a company director.

And if it is not satisfied that Whyte falls into its fit and proper person guidelines, it will take action against the Ibrox club.

Rangers issued a statement to the Plus stock exchange on Wednesday confirming Whyte's seven-year disqualification.

http://news.bbc.co.uk/sport1/hi/football/15992698.stm

Liverpool wrote:

Pippo Inzaghi wrote:

Liverpool wrote:

How did I know you had posted that before I wandered into this very thread

The Maestro wrote:

The Scottish Football Association is investigating Craig Whyte after the Rangers owner admitted that he had been disqualified as a company director.

And if it is not satisfied that Whyte falls into its fit and proper person guidelines, it will take action against the Ibrox club.

Rangers issued a statement to the Plus stock exchange on Wednesday confirming Whyte's seven-year disqualification.

http://news.bbc.co.uk/sport1/hi/football/15992698.stm

Stokes wrote:

Jelavic9|RFC wrote:

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

Jelavic9|RFC wrote:

Stokes wrote:

Which he has done

New Screens, new individual tv's, re-laid the pitch, new food kiosks, new betting centres, invested in scouting, GOING TO LINK UP WITH CORINTHIANS, £5million on players, and much more which I cba banging on about.

MickStupp wrote:

Jelavic9|RFC wrote:

Which he has done

New Screens, new individual tv's, re-laid the pitch, new food kiosks, new betting centres, invested in scouting, GOING TO LINK UP WITH CORINTHIANS, £5million on players, and much more which I cba banging on about.

Yeah, that's actually a fair point, a good bit of that money has gone into the stadium re-development.

Jelavic9|RFC wrote:

Dean wrote:What's so good?

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

Jelavic9|RFC wrote:We reached the UEFA Cup Final in 08 with a worse team that what we have now. We are top of the league and Celtic have spent £15million this year. Plus major injuries. We've had our top scorer and leave everything. With a fully fit squad next year we may go places again in the Europa League. We beat Sporting Lisbon in the Europa League who are a good side.

Jelavic9|RFC wrote:

MickStupp wrote:
I had to look twice at that as well. That's how much he paid Murray I think (it was originally £5m before all the income tax kerfuffle), but the overall deal will cost him about £50m.

It cost £53million mate.

Murray decided to sell for £1 to push it through. We've got £10million to spend next season.

Jelavic9|RFC wrote:We shall not be moved!

Jelavic9|RFC wrote:The First Interview:

http://www.rangerstv.tv/

Jelavic9|RFC wrote:

Stokes wrote:

Which he has done

New Screens, new individual tv's, re-laid the pitch, new food kiosks, new betting centres, invested in scouting, GOING TO LINK UP WITH CORINTHIANS, £5million on players, and much more which I cba banging on about.

Jelavić7|EFC wrote:

Dean wrote:What's so good?

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

Jelavić7|EFC wrote:http://sport.stv.tv/football/scottish-premier/rangers/247473-whyte-completes-rangers-takeover/?

Fucking get in there!!!

Jelavić7|EFC wrote:http://sport.stv.tv/football/scottish-premier/rangers/247473-whyte-completes-rangers-takeover/?

Fucking get in there!!!

Jelavić7|EFC wrote:

Dean wrote:What's so good?

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

Jelavić7|EFC wrote:We reached the UEFA Cup Final in 08 with a worse team that what we have now. We are top of the league and Celtic have spent £15million this year. Plus major injuries. We've had our top scorer and leave everything. With a fully fit squad next year we may go places again in the Europa League. We beat Sporting Lisbon in the Europa League who are a good side.

Jelavić7|EFC wrote:

MickStupp wrote:
I had to look twice at that as well. That's how much he paid Murray I think (it was originally £5m before all the income tax kerfuffle), but the overall deal will cost him about £50m.

It cost £53million mate.

Murray decided to sell for £1 to push it through. We've got £10million to spend next season.

Jelavić7|EFC wrote:

MickStupp wrote:
Oh, I read that we're still loaning one of the car parks outside the stadium, nothing much I think.

Oh right lol. Whyte's buying The Albion car park as well.

Jelavić7|EFC wrote:

Pilkz wrote:£1

Yes, to David Murray. It cost Whyte £53million to buy the club. Plus he's putting in £10million every year for transfers

We may buy Diouf after all

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

Totti wrote: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.

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.

Jelavić7|EFC wrote:

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.

Jelavić7|EFC wrote:We shall not be moved!

Jelavić7|EFC wrote:

MickStupp wrote:
Yeah, that's actually a fair point, a good bit of that money has gone into the stadium re-development.

In total with everything, including the scouting etc, training camps in germany all that he's probably spent at leas £15million.

SBSP wrote:He's not.