Rangers Rumours Archive March 28 2011

 

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28 Mar 2011 22:41:37
Where did you find that out?

Believable11 Unbelievable8

28 Mar 2011 22:33:33
Takeover complete

Believable12 Unbelievable31

28 Mar 2011 17:54:24
Hey ed any news on the takeover? {Ed001's Note - nothing yet mate.}

Believable9 Unbelievable6

28 Mar 2011 11:51:34
"Check out Daily Mail- Rangers F.C about the latest on the takeover by Craig Whyte.Lloyds apparently want a £1 Million exit payment.Editor - What do you know about this? {Ed001's Note - unfortunately I don't know anyone who would know anything about this area of things. If it was a mere 1m, I wouldn't have thought that would be much of a problem though in a multi-million pound takeover.}

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Im with you Ed, don't think it would be a stumbling block. It seems as if its just brinkmanship on Craig Whytes part. You know, see who blinks first sort of thing.

Either way there is no point in getting embroiled in it, we will know when they announce either way.

Believable14 Unbelievable5

28 Mar 2011 10:28:19
SPL - Bank want 'unsustainable' cuts at RangersSun, 27 Mar 21:38:00 2011

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EmailPrintCraig Whyte's protracted bid to take over Rangers enters a critical stage in the coming week with Lloyds Bank believed to be the main stumbling block to the deal being concluded.


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. The £33 million bid will see the Scottish tycoon take over 75 per cent of Sir David Murray's shareholding, with London-based property developer Andrew Ellis becoming a 25 per cent partner.

However, Press Association Sport understands that the bank's desire for an 'exit payment' of more than £1m is one of the key stumbling blocks. Moreover, the severity of the cuts that the bank want to impose on the club for the start of next season is "unsustainable", according to a source close to the deal.

Those issues are sure to anger the Light Blues' supporters, who are expected to be told this week when figures are released that the club's debt has been slashed to around £21m from the £27.1m figure announced in June.

Talks will continue this week but Whyte is desperate for the deal to be done by Thursday, with the following day, April 1, being ruled out.

London-based Whyte appeared to be on course to complete a buyout when he reached an agreement in principle with majority shareholder Murray in early December, but various reported deadlines have come and gone.

Whyte had confirmed to the Stock Exchange in November he was considering making an offer for Rangers and was in talks with Murray International Holdings.

He then held talks with Murray and Rangers chairman Alastair Johnston last year but there is real frustration in the Whyte camp that the deal is still not done.

The takeover plans include vows to wipe out the debt and invest £25m in the team over a five-year period.

PA Sport

Believable9 Unbelievable8

28 Mar 2011 10:57:42
Check out Daily Mail- Rangers F.C about the latest on the takeover by Craig Whyte.Lloyds apparently want a £1 Million exit payment.Editor - What do you know about this? {Ed001's Note - unfortunately I don't know anyone who would know anything about this area of things. If it was a mere 1m, I wouldn't have thought that would be much of a problem though in a multi-million pound takeover.}

Believable6 Unbelievable3

 
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