Tekel Towers » Mike Ashley

Tek · 27/1/2015 7:35 am

Has loaned Sevco 5million upfront.

They have given him security over Murray Park,the trademark (the badge),and have transferred over a quarter of the shares in Rangers Retail into his hands. He can also appoint two Directors he wishes to board (well he already has).Oh and Sports Direct will have shirt sponsorship when current sponsorship deal concludes.

Oh and see that 5mill?Well 3mill of it has to be used to payback a loan granted by another company.... owned by er.. Mike Ashley.

LOLz.

lifesanocean · 27/1/2015 9:01 am

You couldn't make it up. Well you could, but no-one would believe that it was true. According to Irish Phil payday was Thursday and they couldn't afford to pay the wages.

Does that mean its just a £2 million loan then? That should keep them going for another 2-3 months. It said on the BBC website, "Rangers Accept £10 million loan." When will the other £5 million be given to them? What do the SFA have to say about all this?????

bowers · 27/1/2015 9:02 am

Where and when will it end?

lifesanocean · 27/1/2015 9:16 am

Never hopefully. They won't die so the next best option is for them to continue to live in this footballing purgatory.

Tek · 27/1/2015 9:43 am

lifesanocean wrote:
You couldn't make it up. Well you could, but no-one would believe that it was true. According to Irish Phil payday was Thursday and they couldn't afford to pay the wages.

Does that mean its just a £2 million loan then? That should keep them going for another 2-3 months. It said on the BBC website, "Rangers Accept £10 million loan." When will the other £5 million be given to them? What do the SFA have to say about all this?????

Yes it is,for all intents and purposes,just a 2 million pound loan LAO.

The other 5 million loan will only be paid at the behest of the Sports Direct board,and ONLY if Sevco are seen to show 'due dilligence' i'e' there appears to be a chance they can continue trading/pay back the loan.

He's basically bought everything but Ibrox for 2 million.

St Obswell · 27/1/2015 9:46 am

bowers wrote:
Where and when will it end?

Where it began in 2012, back in the bottom league if the Authorities here have any strength i guess. I also wonder why U.E.F.A haven't said anything recently regarding The Financial Fair Play system they now have in place. Armageddon indeed but only for Newco.
Looking into the future this could turn out great for the rest of Scottish Football because Celtic may have a better chance of fucking off to another Competition if they don't have their ugly sister in tow leaving a better balanced and more competitive revamped Scottish League

Sieb22 · 27/1/2015 10:41 am

St Obswell wrote:
bowers wrote:
Where and when will it end?

Where it began in 2012, back in the bottom league if the Authorities here have any strength i guess. I also wonder why U.E.F.A haven't said anything recently regarding The Financial Fair Play system they now have in place. Armageddon indeed but only for Newco.
Looking into the future this could turn out great for the rest of Scottish Football because Celtic may have a better chance of fucking off to another Competition if they don't have their ugly sister in tow leaving a better balanced and more competitive revamped Scottish League

Agree 100%

Surely now any doubters who thought that Scottish football couldn't survive without the old firm can just look at the teams outside of Celtic, and they would struggle to name football clubs who are now worse off now than they were when the old firm were in the SPL together.

I can think of only Hearts, but they hit the reset button and will come back strong as they are currently showing. Hibs had some poor decision making for the on the field matters IMO that put them in the position they are in.

bowers · 27/1/2015 12:04 pm

The only teams affected by rangers demise has been them and celtic.

Id love for both them to just get to fuck.

lifesanocean · 27/1/2015 12:05 pm

Motherwell seem to be struggling as well but there are not that many others struggling. Motherwell's issues are lack of cashflow due to poor home crowds.

Billy_Hainey · 27/1/2015 3:57 pm

So not for the 1st time zombies sell their souls.

huntedbyafreak · 27/1/2015 5:04 pm

lifesanocean wrote:
Motherwell seem to be struggling as well but there are not that many others struggling. Motherwell's issues are lack of cashflow due to poor home crowds.

I've no axe to grind with them but given that they've been in admin before I'd shed no tears for them either

doontheroadarab · 28/1/2015 10:56 am

Say what you like about Ashley but man he's a clever businessman, he has got them by the short and curlies looks
like Craig Whyte got ripped off having to pay a pound for them!

Index
» Lesser Teams
» Mike Ashley

27/1/2015 7:35 am #1

Mike Ashley

27/1/2015 9:01 am #2

Re: Mike Ashley

27/1/2015 9:02 am #3

Re: Mike Ashley

27/1/2015 9:16 am #4

Re: Mike Ashley

27/1/2015 9:43 am #5

Re: Mike Ashley

lifesanocean wrote:

27/1/2015 9:46 am #6

Re: Mike Ashley

bowers wrote:

27/1/2015 10:41 am #7

Re: Mike Ashley

St Obswell wrote:

bowers wrote:

27/1/2015 12:04 pm #8

Re: Mike Ashley

27/1/2015 12:05 pm #9

Re: Mike Ashley

27/1/2015 3:57 pm #10

Re: Mike Ashley

27/1/2015 5:04 pm #11

Re: Mike Ashley

lifesanocean wrote:

28/1/2015 10:56 am #12

Re: Mike Ashley

Index
» Lesser Teams
» Mike Ashley

Board footera