????
He's snapped!
You regular accuse me of bigoty, yet when I ask you to provide any actual evidence of this you waffle utter Scheidt, then do walking away. You're an embarrassment, son. People posting facts is a 'bigoted agenda' according to the staunch ones, like you.
I admit I didn't know he wasn't the chairman of Rangers. I got that completely wrong. As I admitted, my knowledge of Rangers chairmen is sadly lacking. He was however a director at Rangers.
I don't want to be accused of misquoting as part of a bigoted agenda, so I'll just quote this part verbatim
'Not given to sensationalism, this essentially conservative disciple of prudent forward planning and low-risk business principles did, however, cause something of a shock by observing almost matter-of-factly that, if Rangers continue on their present track, their ultimate destination will be bankruptcy.
"That’s the logical conclusion to a strategy that incurs serious loss year on year," said Adam. "In the past five years - and it’s all there in the last annual report - Rangers have lost 80million.
"Now, the banks are well known for being a bit more tolerant of companies whose core business is a popular pursuit like football. But there is a limit to how far backwards they can bend to accommodate you.
"David Murray has always had an amazing persuasiveness when it comes to getting people to put money into his businesses, but the signs are that those sources have dried up.
"The 40million worth of shares that ENIC (English National Investment Company) bought a few years ago are now worth about 15million, with no evidence to suggest that they will recover. The money itself, that which was actually invested, was lost some time ago.
“Now the latest investor, Dave King from South Africa, will know that his 20million shareholding is worth around half, or even less, of what it was when he bought. No proper businessman will want to buy into that kind of loss.'
