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Few hundred million to get it started- Ibrox fakeover details explained…

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After the excitement of the WORLD EXCLUSIVE! from the Daily Record it seems that some of the momentum has been lost from the supposed Ibrox takeover by the San Francisco 49ers.

With Keith Jackson opting to take a week off after breaking the biggest story of his career and a new manager at Ibrox the story has started to drift.

While the mainstream have eased the story aside Ibrox fans are fully invested in the multi-million pound investment which will transform theor ailing club into a European powerhouse playing in a 70,000 seater stadium watching the finest players money can buy plus Ross McCausland and Clinton Nsiala.

Almost as soon as Jackson had clicked PUBLISH on his laptop Internet Bampots were taking the story apart.

Things like Financial Sustainability and Dual Ownership were carefully avoided in the story and the gushing follow-up while the actual mechanics of pumping and plunging millions into the club/company were sidestepped.

The whole story was blown apart two days after it surfaced when Dave King piped in that he had been the instigator of the talks. At the same time the Daily Record was switching focus from the 49ers down to Leeds United and onto Andrew Cavenagh.

Douglas Park and his 12% stake can instantly be dismissed with King involved, Park and John Bennet have loans of over £20m in the club which could be called the moment that there were hostile directors on board.

The arithmetic caused by repeated share issue over the last decade makes a takeover almost impossible.

Since Paddy Stewart was appointed CEO on December 58,250,000 shares have been issued, according to the club website King has63,172,893 shares.

With the Barry Revolution! well underway the focus is off the fakeover, Ferguson will have his brogues in the home dug out tomorrow as the club milks it for Armed Forces Day.

Season Ticket Renewals aren’t far away, with the Fergie Factor mixed with the fakeover attention should be taken away from Celtic winning #title55 as the familiar cycle of the new manager bounce gets underway with the Champions League exit in August likely to trigger the next crisis as reality makes an unwelcome return to the lives of the Gullible & Deluded.

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8 comments

  • The Joker says:

    With that 100% win rate wee Benny is a cert for manager for the month of February and probably the year.

  • scousebhoy says:

    the biggest story in this imposters career was when he put his name to the lie that every new club player was attacked kicked and spat on why any editor worthy of the name allowed that bare faced lie to go to print was shameful.scotlands sevco media shame.

    • Board Out! says:

      EVERYWAN & eez Dug knows the Story is BOLLOCKS LOL! U’ve got tae hand it tae the Sevco Board they really cd tell the Gullibillies ANYTHING & they’d Swallow Swallow it BAWAHAHAHAHAHA!!

  • Captain Swing says:

    Roll up, roll up! Get yer season tickets for the Bam Fransevco 69ers here! Watch the revolution first hand! Only 2 grand! That’s just a grand a cheek!

    Mmmm, what if this fakeover now mysteriously falls through and the reality is just a major downsizing next season – with Barry and the pundits in charge?

  • Valentine's day massacre says:

    A couple of hundred million ….is that the amount of confetti share issues distributed in total , by the tribute act clumpany since 2012 ? It can’t be far off …lots and lots of them just to keep the lights on until the end of their seasons !

  • Paul M says:

    It ain’t happening. The 49ers will never do this. Its going to fall flat on its face and us champions will be here to laugh at them once again. It is the never ending ‘ tragicomedy ‘ and I’m here for all of it. ? HAIL HAIL ?

  • Tony says:

    Who in their right mind would buy a lame duck like this lot? Millions in debt and millions of confetti shares. Not exactly a sound investment.

  • William Barry says:

    Come on now, let’s be sensible here, why wouldn’t any mega-savvy business person(s) who could, apparently, invest huge finances into other massive football clubs around Europe, want to throw their hard-earned at a club like The Rangers? I mean, surely the £25 million (minimum), debt and the £12.5 million annual losses, (these figures were quoted in a certain Scottish tabloid, so they MUST be true), is a massive incentive to ANY investor??? All this debt could be wiped-out by selling on their most valuable assets though, like the reported £20 million for Butland, (no, HONESTLY), and the £25-30 million that Everton apparently had lined up for Igamane, you know, the Colombian hit-man with 9 Premiership goals, and 3 of them were in one match. Not bad though eh? I think he’s scored in either 4 or 5 Premiership games this season, in we’re nearly at the league split! So, I think this Yank’s gonna sort it all out for them. Yeah, right!!!

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