Celtic and glasgow dc land sales and purchases

Discussion in 'Celtic' started by Albatross, Dec 11, 2013.

  1. Albatross

    Albatross Well-Known Member

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    Allegations have been made on rangers media and twitter of dodgy dealings over the land owned by GDC which was according to the accusations exchanged to Celtic and other land where Celtic were given very favourable mortgage rates by GDC to obtain the land, allegedly.

    Well one SEVCO fan, named Ross, in September emailed GDC with his accusations.

    Result he was sent a reply by GDC, which showed.
    1. There was no exchange of land between the two.
    2. Celtic bought the lands outright with no mortgage facility provided.

    BUBBLE WELL AND TRULY BURST.

    I have heard these accusations along with the Co-operative Bank accusations. It turns out that the key word which sevconians could not read was FACILITY. No loan taken. Only a facility at 1.5% above the Bank of England Lending Rate. A rate which is normal for businesses with a sound financial history and standing, which of course celtic are.

    BAWS BURST AGAIN.

    if Celtic fans come across this type of filthy muck raking accompanied by downright lies, use the above info to refute it. GDC site can be visited for minutes of the meetings and the confirmation that Celtic purchased the lands concerned at market value..........not to be confused with the DEPRECIATIVE REPLACEMENT value placed on Ibrox, which allowed £80M to be borrowed against assets later valued at £5.5M along with the Goodwill. DR is something which should never be applied in that manner by Actuaries. Hmmmmm.

    Are Soca still investigating matters at Asbestosdome?
     
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  2. harryhood67

    harryhood67 Well-Known Member

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    The huns the new financial experts , Celtic got a good deal from the bank , what are we expected to do ? Knock it back for a bad rate !!! If Murray had done that in 90 's the media would have been up his rear end as per usual at that time .Why before the huns died were they allowed to transfer 50 million of debt to one of Murray 's companies
     
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  3. Albatross

    Albatross Well-Known Member

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    At the time the bank were very shall we say pro Murray. Lloyd's moved in, saw what had happened, moving debt from the one profitable area of his business to one making a loss, thus the bank more or less absorbed the debt. Lloyd's reaction was to call in the debt. Lloyd's were furious about this revelation. They were not in the mood to be lenient or considerate. Quite rightly so.

    I suspect the BDO delay may have had a good reason for the tardiness of their findings. Cannot for the life of me understand why nothing appears to have been done about the application of DEPRECIATIVE REPLACEMENT VALUE being placed on rfc assets at the time. Bank was shall we say, very kind to rfc and Murray.

    Lloyd's less so mwhahahahahahaha <party><party><party>:smiley-finger007:
     
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  4. Super hooper

    Super hooper New Member

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    I told you that when you have thousands sired by a stone mason in his flat above
    Ibrox , you couldn't expect them to be all well in the mental department .
    Imagine been so stupid that you have thousands of men from nearly sixty
    years and older , all claiming to be sons of Struth . Old Bill fairly put it about
    his only restriction was no Catholic fannies .
     
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  5. Albatross

    Albatross Well-Known Member

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    That we know of :emoticon-0104-surpr
     
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  6. Rustie bugmuncher

    Rustie bugmuncher Well-Known Member

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    i do not think i understand one sentence on this entire page
     
    #6
  7. Thomas The Cat

    Thomas The Cat Well-Known Member

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    Someone mental made up something and someone even more mental went to great lengths to disprove him ending in a victory for Celtic somehow!
     
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  8. Patience

    Patience Spastic Arab

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  9. The Chaser going for #55

    The Chaser going for #55 Leader of POOVES

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    Still no counter evidence to the claims that GGC, through the disgraced former leader and well known gay Celtic fan, Stephen Purcell, murdered his ex lawyer and lover, Paul McBride after he uncovered evidence and threatened to spill the BEANS that GCC had gifted vast swathes of land to ex colleagues Pat Lalley and Dr Michael Kelly in return for favours at their respective RC SCHOOLS which were in cohoots with Celtic and the Co-op bank to subsidise IE FINANCIAL DOPING!! Peter Lawell and Eric Riley's external investments through Glasgow Eastern Developments LTD which in turn benefited Celtic all at the TAXPAYERS EXPENSE which also gave PACIFIC SHELF a sporting advantage and RANGERS were used by the complicit MHEDIA as a front to the greatest swindle in the history of Scottish Football all sanctioned and APPROVED by DR JOHN REID OF CARDOWAN!!

    WATCH THIS SPACE - THIS IS SEISMIC!!
     
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  10. Girvan Loyal 1690

    Girvan Loyal 1690 Nobody's safe now

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  11. Cossy

    Cossy Well-Known Member

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    Proper ****ing mental.
     
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  12. Null

    Null Well-Known Member
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    <laugh>
     
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  13. Cossy

    Cossy Well-Known Member

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    What have the Jews got to do with it?
     
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  14. Super hooper

    Super hooper New Member

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    I see the poor Huns are poorer today . The shares have fallen even further.
    Surely the Masonic Glasgow City Council can do something to help their Masonic
    Friends in The Rangers.
     
    #14
  15. Albatross

    Albatross Well-Known Member

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    Well Somers did say they expected private AND PUBLIC investment, but then again that could be a reference to using Hectors money again.:D:
     
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