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26th October 2009, 9:15pm
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#31 | | He's awright.
Join Date: Aug 2004 Location: Glasgow.
Posts: 17,250
| Re: Rangers heading to administration?
Income, expenditure, assets (ground, training ground), debt and stuff like that are looked at.
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26th October 2009, 9:17pm
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#32 | | El Chupa Libre
Join Date: Apr 2005 Location: A Strange Bed
Posts: 31,568
| Re: Rangers heading to administration?
Someone who knows about this stuff... Quote:
On the basis of pure capitalisation, Rangers are worth about £43M. They have 108M shares on issue and present value is about 40p per share, which is how I arrive at that figure.
But someone wishing to buy them doesn't need to buy 100% of the club. Let's suppose they want to just buy MIH's holding, which is 60% and would give the new buyers control. That would work out at (say) £26M. But the debt needs to be cleared too, and at full value that could be another (say) £34M, so a new buyer would need to find around £60M. This would obviously be negotiable though.
HOWEVER, a complication arises with Ibrox and Murray Park, which are held as security over MIH (not just Rangers) debt. So IF Lloyds is willing to release that security, it will probably insist on that (so far fictitious) £60M going towards the MIH/Rangers debt.
In that scenario, Murray Sports would still have 35% of Rangers shares worth about £15M, but they would still carry the £60M deficit which they incurred in the 2004 rights issue. Oh, and they could also be liable for a further £43M of accumulated interest on the loan notes in favour of Murray Group, or if you like, MIH.
It's bloody complicated, I tell you!
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26th October 2009, 9:27pm
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#33 | | Kingpun
Join Date: Nov 2002 Location: Abergreen
Posts: 16,829
| Re: Rangers heading to administration?
I'll give the Abu Dhabi group a ring.
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26th October 2009, 9:28pm
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#34 | | El Chupa Libre
Join Date: Apr 2005 Location: A Strange Bed
Posts: 31,568
| Re: Rangers heading to administration?
£1 pound offered for the MIH shares.
20p In the pound paid towards the debt.
That's the rumour.
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26th October 2009, 10:05pm
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#35 | | Experimental agent 1475
Join Date: Jul 2005 Location: Home From Home
Posts: 4,241
| Re: Rangers heading to administration?
I really don't want us to end up with a Mad Vlad or a Michael Knighton
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26th October 2009, 10:07pm
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#36 | | El Chupa Libre
Join Date: Apr 2005 Location: A Strange Bed
Posts: 31,568
| Re: Rangers heading to administration?
Best yet ^^
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27th October 2009, 8:48am
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#37 | | Registered User
Join Date: Jun 2001
Posts: 28,494
| Re: Rangers heading to administration?
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27th October 2009, 10:54am
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#38 | | Registered User
Join Date: Jan 2007 Location: Castle Jakesull
Posts: 1,051
| Re: Rangers heading to administration?
Well ive said it long enough our finances were a lot worce than publicly known anyhoo i hear we are at advanced negotiations about a takeover and will hear somthing big soon 
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27th October 2009, 12:07pm
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#39 | | Registered User
Join Date: Nov 2003 Location: Wishaw
Posts: 6,016
| Re: Rangers heading to administration?
I've had the txt's flooding in about this my fav's are:
I bumped into Nacho Novo yesterday with 1 football boot on.
So I asked him "What's wrong Nacho lost a football boot?"
"Na I found one" he said.
Rangers are so skint they can't pay attention.
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27th October 2009, 12:21pm
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#40 | | i ♥ distortion
Join Date: Jul 2004 Location: avoidin threads
Posts: 2,911
| Re: Rangers heading to administration?
why don't rangers just put £50 million on celtic to win the league? problem solved. | |
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27th October 2009, 12:47pm
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#41 | | El Chupa Libre
Join Date: Apr 2005 Location: A Strange Bed
Posts: 31,568
| Re: Rangers heading to administration?
Does anyone know how to cancel an eBay bid?!
I've put a bid on a Mickey Mouse outfit for Haloween, now I'm 6 minutes away from owning Rangers Football Club..
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27th October 2009, 12:53pm
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#42 | | Think prick say tut
Join Date: Oct 2004 Location: No Fixed Abode
Posts: 7,657
| Re: Rangers heading to administration?
Keep up Jaemi. | |
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27th October 2009, 5:14pm
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#43 | | El Chupa Libre
Join Date: Apr 2005 Location: A Strange Bed
Posts: 31,568
| Re: Rangers heading to administration?
The Plot Thickens..
"I'm No Liar Says Walter Smith" http://www.eveningtimes.co.uk/news/d...533280.0.0.php Quote: |
WALTER SMITH has reacted furiously to the Lloyds Banking Group statement released yesterday that implies the Rangers' manager lied about the bank's control of the club.
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Anyone else think that if all this keeps up, Walter might just "sack it".
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27th October 2009, 5:27pm
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#44 | | Bring the heid o' charlie Editor
Join Date: Oct 2003 Location: Staley Road
Posts: 10,958
| Re: Rangers heading to administration?
would my father in law get his brick back?
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27th October 2009, 5:29pm
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#45 | | El Chupa Libre
Join Date: Apr 2005 Location: A Strange Bed
Posts: 31,568
| Re: Rangers heading to administration?
Aye.
Once Tesco demolish the stadium, he can pick it out the skip.
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