Jam Tarts
- Thread starter Iaing
- Start date
So they are joined at the hip then? Just like two old wimmin that can't go to the toilet by themselves, even although they pretend not to like each other.
Val
Ryder Cup Winner
Not joined in fact I'm sure both want to distance the selves from each other.
What's David Coulthard's deid sister got to do with it?
T
thecraw
Guest
Again not correct. Milne only has a controlling interest while Gilbert & Little gave "away" their shares back to the club when they stood down from the board in June/July 2012.
The folk that join them at the hip are the press and people like yourself not us and them.
Happy the clarify things for you Iain.
Val
Ryder Cup Winner
T
thecraw
Guest
Bottom line is no money changed hands and the debt remains in place. It is still the same, Milne has guaranteed the debt. Plain and simple. Milne did not dip into his pocket to wipe it out. It has just been shifted to another area of the club.
Val
Ryder Cup Winner
You haven't read the article have you?
I have and thought it was 30 years old when I read.... Craig Brown's team could go ahead of Celtic at the top of the Scottish Premier League if they beat Inverness CT at Pittodrie on Tuesday .:rofl:
So do you think Scottish football is stronger or weaker with The Rangers hiatus ?
T
thecraw
Guest
Yes I have the debt has be realigned nothing else. Its a common business practice. Milne DID not wipe out the debt.
Val
Ryder Cup Winner
The debt hasn't be realigned, its been converted into shares for SM and AAM, dress it up which ever way you like the debt has been written off. Do you think these preference shares are worth £6m, in fact I reckon Aberdeen as a business aren't worth that.
As it would be if the 2 in question left... weaker.
Val
Ryder Cup Winner
Aberdeen latest accounts would suggest as a business they are worth minus £26k
:rofl:
T
thecraw
Guest
It has been converted into shares within the club the shares have not been sold they are still debt. All Milne has done is realign it to another area of the club. It exists.
Val
Ryder Cup Winner
Ok, let's look at it another way, do you believe the shares are worth £6m for a business that doesn't even turn over £9m?
And yet you were cock a hoop at the predicament Rangers found themselves in, which by your own admission has weakened the game in Scotland.
T
thecraw
Guest
Its not shares, its a smoke and mirrors game to re-shuffle the balance sheets. Think the whole plan will be to try and improve the overall look of the balance sheet. That won't be successful with preference shares unless they have absolutely no rights attached (future redemption date, dividends, votes) as this will still get treated as debt rather than equity.
All it is is a positive PR stunt at a time when AAM are leaving the club and the club are looking to reduce the debt on the books to move to a new stadium.
And yet you were cock a hoop at the predicament Rangers found themselves in, which by your own admission has weakened the game in Scotland.
The fact I have done nothing but pish myself with laughter at their demise has hee haw to do with the fact I think that them being in Div 3 has weakened the game Iain.
They went out of business and are in fact lucky to be where they are.If they had been forced to a year out then in fact that in my opinion would have been the correct punishment as in fact they were given special treatment to end up where they did but the weakening of the game has been down to their own actions and nobody elses.
Sometimes these facts seem to oddly by-passed many people when the state of our game is discussed.Yes it has weakened the game but is no ones fault bar their own and leaving where they were would have caused more problems short term.
