0
    0

    Comment on Bad Money? by Cluster One.

    bect67 11th July 2019 at 10:50
    That’s the best I can think of because, like you, I think “where is the money coming from”? (FFP my ****!)

    But – who knows what DCK is thinking? Whatever he’s doing, could blow up by Christmas.
    ………………………
    We have been down this road before i believe.
    If the player is valued at say £4mill
    Pay the first installment, hope the player play’s well and the SMSM hype on top. Sell the player before the last installment of the transfer is due, get your fee for the player then pay off the last installment to the club that you got the player from. The player may have been transfered for say £4mill but £4mill may not be in the coffers at this time. It becomes a juggling act in the hope that the player plays good and you can sell at a quick profit, but if the player is not so good or gets injured there could be trouble ahead.It is the Headline £4mill player just to make them look relevant and on some kind of par with celtic. The trouble with this kind of scheme is it can blow up in your face (see pedro transfers)and you are stuck with players on a high wage that you just can’t sell and who will just sit on their contract. But all the time it is the wage bill that is draining.
    If you have been following the ibrox saga you will know that kicking the can down the road is applied to everything.
    They are a kick the can down the road type of club.

    Cluster One Also Commented

    Bad Money?
    easyJambo 7th August 2019 at 13:45

    …………….
    I believe that the haste is which the conversions were carried out makes it likely that UEFA had insisted on the debt reduction as conditional to the granting of UEFA licences over the last two seasons. UEFA does not allow for excessive losses to be covered by loans under FFP rules, although equity investments are acceptable.
    ……………..
    My thoughts also. I believe that the haste in which the conversions were carried had a reason for said haste. And makes it likely as you say UEFA had insisted on the debt reduction as conditional to the granting of UEFA licences.
    If Ashley hits them with a large bill and things don’t go too well on the pitch, and the money just is not coming in that they hoped.
    Just how many are willing to give loans for a debt for equity swap to get the granting of a UEFA licence?
    If they qualify next season that is.


    Bad Money?
    easyJambo 7th August 2019 at 11:43
    ………………..
    Thanks for clarification.
    ………….
    Club 1872 now holds approx 6.4% of RIFC shares. You only need 5% to raise a motion at a GM or AGM.
    ……………
    Any more dillution to less than 5% and they can’t(even with the money they have spent) and they won’t be able to raise a special motion.And if they had 5% and wanted to raise a special motion for any reason, king and co hold enough power to block any special motion if raised.
    Am i on the right track?


    Bad Money?
    easyJambo 7th August 2019 at 00:06
    so more than enough to vote through anything they want.
    ……………….
    Could that include a nice pay rise, a renaming of ibrox, selling off some assets?
    ….

    Enough to vote through anything they want.And would i be correct in saying (and happy to be corrected)that club 72 shareholding is now so low that they now can’t call an EGM if king and co start to vote through anything they want and the fans start to not like what they (king and co) are voting through.


    Recent Comments by Cluster One

    In Whose Interests
    Bogs Dollox 14th October 2019 at 21:52
    Does anyone know how far reaching the could shoulder sanctions are?
    ……………..
    (And the media have been very quite to let the ibrox fans and the fans of scottish football know just how much the cold shoulder will or could effect king and the ibrox brand. No in-depth analysis from any journalists)
    I wonder why.


    In Whose Interests
    Bogs Dollox 14th October 2019 at 14:28
    I wonder if it’s as wide ranging a sanction as that.

    Is it not restricted to Stock Exchange/AIM related transactions?

    I could be wrong as my track record testifies.
    ……………………..
    Even if the sanctions are only restricted to Stock Exchange/AIM related transactions? (And the media have been very quite to let the ibrox fans and the fans of scottish football know just how much the cold shoulder will or could effect king and the ibrox brand. No in-depth analysis from any journalists)
    If you had a Business would you deal with Mr king? A man who had 41 convictions, a man branded in SA as a glib and shameless liar? A man the Takeover Panel refer to as someone not to be trusted.A man who has lost a court battle with Ashley and told to pay all legal costs A man who joins only a handful of people given the cold shoulder in the UK.
    Would you deal with this man?
    If the answer is No? Why would you expect any reputable business to.


    In Whose Interests
    StevieBC 14th October 2019 at 13:08
    ………
    Thanks for that good post.
    One or two questions if i may?
    …….
    1) Impact on King.

    Whilst being an SA resident, King jets into the UK frequently, so I’m assuming that King will ‘probably’ retain some personal and/or business bank accounts in the UK.
    ……………
    How does he jet out, would a travel agency deal with king and his bank account, a bank account that may wish to cut ties with king, or is cash his only option?


    In Whose Interests
    The Scottish FA does not administer a fit and proper person test but does follow illustrative guidelines against which potential office bearers are measured.10 October 2013


    In Whose Interests
    valentinesclown 13th October 2019 at 11:45
    The fans of this new club are beyond gullible thanks to SFA, smsm and pundits. Imaging Mr Lawwell got the cold shoulder, coverage from press may have been different.
    ………………
    Looking at today’s Sunday papers i half expected David Provan to have something to say on Mr kings cold shoulder, he has championed enough for king in the past. Sadly not a word. Maybe he had too much to say about scotland and all his thoughts on king will be in next weeks issue.