Fire into the frying pan?
(Original post by sbarrie2)
Rangers have been sold. Halle-feckin-lujah!
Anyway, don't know how much you'll want to trust skys breaking news.
We won't find out for sure for a while I imagine.
(Original post by STV)
"STV understands Craig Whyte’s bid to acquire Murray International Holdings’ majority shareholding in Rangers Football Club is at a “very advanced stage”.
It is understood a couple of outstanding issues remain between the two camps but negotiations are continuing. No deadline has been set for a deal to be completed.
Talks were held late into Monday night over the deal, which would see Whyte take over an 85 per cent shareholding in the club.
Whyte has demonstrated he has the necessary funds in place to conclude the deal, a source close to negotiations has confirmed to STV. His offer would see him buy the club at an asking price of £25 to £28 million.
If and when a deal is reached, a statement to the Stock Exchange is required. If the deal is concluded, Whyte will inherit 99,801,034 shares in Rangers, giving him an 85 per cent shareholding.
Whyte reached agreement with the Lloyds Banking Group last Wednesday over the repayment of the club’s £21 million bank debt. It is understood £17 million will be paid up front to Lloyds, with a £4 million loan on Ibrox’s Albion car park refinanced and paid back in instalments."
F all on the stock exchange as well.
Last edited by R-KAM; 05-04-2011 at 11:49.
They should really be making a "****e of Scottish Football Thread" or a thread for their own team that they can talk to themselves in.
A thread for all forms of the Huns to talk would cut down on so many threads, it'd cover Gers, Airdrie et al.
Last edited by R-KAM; 06-04-2011 at 10:16.