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Post by scottjones on Nov 10, 2008 16:19:08 GMT
The day after Dowie's sacking we took out another mortgage on the ground (in addition to what was ABC) - a mortgage from LLoyds - not sure for how much...but WHY??
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Post by QPR Report on Nov 10, 2008 16:39:19 GMT
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Post by scottjones on Nov 10, 2008 17:18:32 GMT
Courtesy of Companies House
2 charges for Amulya (what was the ABC)
1 charge to Lloyds TSB (god knows..someone not digging into their own pockets?)
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Post by londonranger on Nov 10, 2008 18:00:56 GMT
Helps their taxes. Banks eager to loan money to our billionaires. Works both ways. They can then use money for overhead without depleting capital which has been depleted a lot by the markets a plunging. Now this is a wild brainwave. They use the money on buying Stamford Bridge Land. Dont all come at me at once mates.
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obk
Dave Sexton
Posts: 1,516
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Post by obk on Nov 10, 2008 18:43:39 GMT
Helps their taxes. Banks eager to loan money to our billionaires. Works both ways. They can then use money for overhead without depleting capital which has been depleted a lot by the markets a plunging. Now this is a wild brainwave. They use the money on buying Stamford Bridge Land. Dont all come at me at once mates. Hehe, now that would be something! |
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Post by cpr on Nov 10, 2008 18:56:00 GMT
The fans own the pitch, can't be bought.
If this is true and I don't doubt it, I wonder why and now worry why !!!
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Post by londonranger on Nov 10, 2008 19:09:20 GMT
you mean the stamford Bridge pitch.? But what If chelsea bought them out and then sold it? But probably meaningless to what our present finance managers are doing.
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Post by cpr on Nov 10, 2008 19:16:10 GMT
Stamford Bridge pitch cannot bought, it's on a covenant and owned by thousands of them.
You are right, irrelevant though.
I do wonder why they have needed an additional loan, I don't like it!
Have they done this because they had to climb down on ticket prices?
Pretty obvious that none of these rich people want to dig into their own pockets.
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Post by londonranger on Nov 10, 2008 19:33:44 GMT
thats how you stay rich
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Post by scottjones on Nov 10, 2008 19:44:49 GMT
Well, someone has alluded to me that it could be an overdraft to cover overheads and wages.
If you look at what has been spent on the ground (albeit 85% on VIP areas) and balance that with what the likely income has been from ST sales, merchandise, ticket sales and revenue from sponsors (theres no way Lotto paid 20 million in one go)..add to that the increase in staff on and off the pitch and it wouldnt be a surprise if we're struggling to break even.
An overdraft to pay the wages until the monies come in from Man Yoo and the next home game?
Obviously, if this loan is a 6 figure sum (minimum) then it'd probably need to be secured against something...e.g. the ground.
All summasing (sp?) but, makes sense. Flavio has hardly any cash, Bernie doesn't seem to interested and I reckon the Mittals won't bankroll the club whilst they only have 20% and Flavio is ruining the Mittal family's reputation.
The accounts should be interesting
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Post by cpr on Nov 10, 2008 19:48:41 GMT
And why we stay poor but have no input. |
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Post by cpr on Nov 10, 2008 19:50:08 GMT
Well, someone has alluded to me that it could be an overdraft to cover overheads and wages. If you look at what has been spent on the ground (albeit 85% on VIP areas) and balance that with what the likely income has been from ST sales, merchandise, ticket sales and revenue from sponsors (theres no way Lotto paid 20 million in one go)..add to that the increase in staff on and off the pitch and it wouldnt be a surprise if we're struggling to break even. An overdraft to pay the wages until the monies come in from Man Yoo and the next home game? Obviously, if this loan is a 6 figure sum (minimum) then it'd probably need to be secured against something...e.g. the ground. All summasing (sp?) but, makes sense. Flavio has hardly any cash, Bernie doesn't seem to interested and I reckon the Mittals won't bankroll the club whilst they only have 20% and Flavio is ruining the Mittal family's reputation. The accounts should be interesting Don't like it, not at all, it's just wrong. Don't like it. Robbing Peter to pay Paul !!! |
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Post by scottjones on Nov 10, 2008 19:56:01 GMT
Some would say it makes good business sense i suppose.
The thing that alarms me is that when we were skint and messed around with paying St John Ambulance etc etc. We at least always had the monies in the bank to pay wages. IF, and thats a big unsubstantiated IF, we took out a large over draft to cover wages well, thats just embarrassing
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Post by cpr on Nov 10, 2008 20:13:05 GMT
That "some" would be the same people that have put the country in the financial mess it is in.
What is "good business sense" eh?
Cerainly is not prudent housekeeping that's for sure.
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Post by mkranger on Nov 10, 2008 20:53:23 GMT
How much is mecca worth do you think 1 5 10 million. flav took the mortgage to pay for his london pad! He aint rich for nada folks.
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Post by weavie on Nov 11, 2008 7:21:38 GMT
LISTEN DO NOT HAVE A POP AT FLAV hes gonna get us up you see if he dosnt ,these new loans may or may not be true if they are true then probabley just to help with our taxes.
but im begining to think that somewhere in the infrastructure of
the directorship is a very strange individual.
these rumours that keep getting out first the rumour of us spending fifteen million pounds on a refurb of our executive boxes and now this rumour who starts all these rumours.
BECAUSE IM NOT VERY BRIGHT ILL ASK london ranger COULD THERE BE A DESTRUCTIVE ELEMENT IN THE DIRECTORSHIP WOULD SOMEONE INTENSIONALLY DESTROY THE CLUB OR AM i just being paranoid
OR EVEN MORE PARANOIA COULD SOMEONE INTERNALLY BE PAID TO DESTROY US
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Post by cpr on Nov 11, 2008 8:59:19 GMT
Nobody is having a pop at FLAV to my knowledge.  Simply why we need to take out an additional loan, if this is true. The club should be running to a budget which supposedly Ali Russell has put in place. If they needed to raise more revenue after three home games then that budget was not being adhered to. We are not party to any financial deal ay the club, be that, how much has been spent on the stadium over the summer, player deals and weekly wages, other staff wages and so on. As Report asked, is FB getting a salary, for example? How much is being paid to other directors? These sums could be enormous or not but we do not know. I have not checked the financial circles to see if we have indeed taken out another loan but I don't see what would be the point of lying about it. I doubt very much that anyone inside the club would be out to destroy, unless that little chelscum shoite is a mole, he's short enough!  |
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Post by QPR Report on Nov 11, 2008 15:10:53 GMT
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Post by londonranger on Nov 11, 2008 15:35:58 GMT
No one trying to hurt Rangers on inside. Outside maybe who knows what baggage they bring with them. One certainty they are losing money and have lost a lot on the markets. Corporations are always borrowing money to help their credit lines. Generally operate this way and always dump payroll. they will stay in Champs league before they take risk in this economy. So Gaz is held in a necklock until the money managers give them some new direction.
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Post by siouxkev on Nov 11, 2008 16:48:45 GMT
As we all know, football clubs are becoming playgrounds for the rich & famous! a must have! but also a good way of directing money, taxes & tax right offs are always good business. Flav always said it would be a gradual climb (covering his ass) using other peoples money will save his pocket & make him look good!! there will be no big name signings for a long time....
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Post by londonranger on Nov 11, 2008 17:31:41 GMT
Thanx and great to se a new member as we are talking to same people a lot but its a good set of blokes except I talk too much.
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Post by cpr on Nov 11, 2008 17:39:55 GMT
No you don't, I do and weavie.
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Post by londonranger on Nov 11, 2008 18:23:50 GMT
Thanx and great to se a new member as we are talking to same people a lot but its a good set of blokes except I talk too much. Except fpr cpr and weavie.
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Post by cpr on Nov 11, 2008 18:34:15 GMT
and weavie
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Post by QPR Report on Nov 12, 2008 17:37:10 GMT
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Post by dylanpresman on Nov 12, 2008 18:47:35 GMT
What a load of rubbish
Someone comes up with a completely unsubstantiated rumour and then everyone runs around like chickens with their heads cut off wailing about financial ruin and blah blah blah
1. We don't know if the loans actually exist
2. We don't know what they are for, if they do
3. We don't know what collateral was used, if they exist
4. We don't know whether they are short-term or long-term loans, if they exist
5. We don't know the interest rates, if they exist
... and so on and so on.
Businesses take out loans all the time for all kinds of reasons. If all you have is conjection and speculation, DONT FCKIN PANIC!!!
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Post by siouxkev on Nov 12, 2008 19:05:24 GMT
Agreed! its all about making the money work for you........if the loans exists as said!!!
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Post by QPR Report on Nov 12, 2008 19:21:33 GMT
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Post by cpr on Nov 12, 2008 23:50:00 GMT
pete ffs edit: couldn't see a pete post on that link. |
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Post by QPR Report on Nov 13, 2008 1:04:15 GMT
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