With Chuck admitting that RFC are currently running at a loss (while at the same time bumping his gums about expanding stadiums and dishing out £10m war chests lol), he seems to have overlooked a sure fire multi million pound revenue stream! Forget (undersubscribed) share issues and selling the name of Ibrox to a low end sports shop for a pittance....
All he has to do is call in all those 'loans' that are currently outstanding with dozens of ex player!!!
In such desparate times during the genesis of this new club you'd think it would be the obvious thing to do! Or did the goodwill that was 'bought' only cover past honours??
Kind of makes the claim that these dodgy payments were legal loans a bit redundant when it is clear that there will never be an effort to receive the money back.
We all know they were only cheating. Nasty former club.
Easy money
posted on 26/1/13
"The share issue were oversubscribed
The loans were given by trustees, not rangers, so rangers cannot call them back
No more to see here then "
The OP must try harder. Research more.
0.5 outta 10
posted on 26/1/13
gaz, its aw "happenin" doon the brox ffs
posted on 26/1/13
spike, how can it be called a loan if there was no repayment structure?
posted on 26/1/13
Leo - it's this thing called an ebt. Haven't heard much about them tbh but that's how it works apparently....
posted on 26/1/13
Comment Deleted by Site Moderator
posted on 26/1/13
elite, dont know a lot about this stuff, could i go to my employer and ask for an ebt, or a loan i dont repay?
posted on 26/1/13
Zach - he just relocated. Soon to be found in bar-l I believe...
Leo - not sure mate. Try Irvine or another poster from the celtic side. Experts..... Or so they thought
posted on 26/1/13
elite
ah,ll speak tae mitre, when he's recovered
posted on 26/1/13
Seen he's struggling with the cold. Harry hoofter
posted on 26/1/13
Leo before 2010 you could have. Most big companys had ebt schemes of some sort available.
Many still do but they are very different now