However what they’re also implying is that Celtic need that money to maintain the gap.If they don’t have it then things would be more equal.(they hope)
View Poll Results: What is your attitude to a new "Rangers" entering at Div1?
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Opposed - and will walk away from Scottish professional football
533 53.09% -
Opposed - but will continue to support the game.
447 44.52% -
In favour.
24 2.39%
Results 39,661 to 39,690 of 44390
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20-12-2017 02:54 PM #39661Coaching Staff
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20-12-2017 02:57 PM #39662Coaching Staff
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I've thought for a while that if we get results right on the park that we could finish them off.
It is ridiculous that a club in their position should be staking so much on something that could quite conceivably not happen.
Why do "certain clubs" have such a problem with the concept of living within your means?
It's not a popular opinion but I genuinely consider them to be the same club. You would think they'd take the second chance they've been given a bit more seriously and heed warnings, given what happened before.
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22-12-2017 10:32 AM #39663@hibs.net private member
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Breaking news on Twitter
A judge has ordered @RangersFC chairman Dave King to make an £11 million offer to the club's remaining shareholders.
More news
http://www.bbc.co.uk/sport/football/42454416Last edited by Moulin Yarns; 22-12-2017 at 10:38 AM.
There is no such thing as too much yarn, just not enough time.
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22-12-2017 11:11 AM #39664Left by mutual consent!
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The Judgement's not been published yet on their website however both parties may well have been emailed both the Interlocuters and Written Judgements and they've been leaked to the press first. Lovely news if it is the outcome.
Originally Posted by Golden Fleece
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22-12-2017 11:17 AM #39665Left by mutual consent!
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https://www.scotcourts.gov.uk/docs/d...6.pdf?sfvrsn=0
Here it is. Going to read over it.
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22-12-2017 11:20 AM #39666@hibs.net private member
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What if dodgy Dave doesn't have £11 million to make said offer?
HIBERNIAN FC - ON THE RIGHT SIDE OF HISTORY SINCE 1875
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22-12-2017 11:26 AM #39667First Team Breakthrough
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He'll scam somebody to get it? Originally Posted by Hibernia&Alba
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22-12-2017 11:34 AM #39668@hibs.net private member
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Also this. Murty to stay on as manager.
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22-12-2017 11:34 AM #39669Coaching Staff
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Means they can’t have a share issue now until Dave offers everyone else a chance to get out, which they would be mad not to take as they are about to devalue all existing shares with the issue of new shares.
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22-12-2017 11:43 AM #39670Left by mutual consent!
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At first glance Lord Bannatyne decided there were two main issues raised in the case.
1, The issue of whether Lord Bannatyne had discretionary power not to automatically rule in favor of the Panel.
Lord Bannatyne found in favor of the Respondents (King) that he did indeed have discretionary power not to.
2, Whether or not to find for the Panel and grant the order sought by the Panel that was to make good on the share offer.
Lord Bannatyne found in favor of the Panel and granted the order be made against King to make good on the share offer.
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22-12-2017 11:46 AM #39671Coaching Staff
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Disgusting decision. Originally Posted by grunt
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Murty seems like a likeable chap and that is not what Sevco are for. Dereliction of duty from the Sevco board there.
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22-12-2017 11:49 AM #39672Coaching Staff
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This court order today should also be a matter for the compliance officer but of course it won’t be.
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22-12-2017 11:59 AM #39673Left by mutual consent!
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They are skint as.
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22-12-2017 12:05 PM #39674@hibs.net private member
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1. he'll be in contempt of Court if he (his company/trust, in reality) doesn't make the offer. Originally Posted by Hibernia&Alba
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2. if he makes the offer, but can't/won't pay, the sellers will sue and we'll be back in Court again.
The wider issue is that any short-term loans that RFC were expecting from him have just disappeared over the horizon.
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22-12-2017 12:07 PM #39675@hibs.net private member
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Ah, CWG, always the bearer of good news Originally Posted by CropleyWasGod
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There is no such thing as too much yarn, just not enough time.
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22-12-2017 12:07 PM #39676@hibs.net private member
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Crops, who’s paying for all these court fees Originally Posted by CropleyWasGod
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22-12-2017 12:08 PM #39677First Team Breakthrough
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That in itself is great news, well played the judge Originally Posted by CropleyWasGod
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22-12-2017 12:09 PM #39678Left by mutual consent!
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Appoint Hamster Puss as the manager until the end of the season and fall down the league, will that devalue shares? Originally Posted by CropleyWasGod
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22-12-2017 12:15 PM #39679@hibs.net private member
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Good question. Originally Posted by Billy Whizz
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It shouldn't be RFC, as it's not their fight. It should be DK/NOLA on one side, and the taxpayer on the other. Whether DK will get RFC to pay his share, one can only guess...... but I'm not sure if orders can be made for the Takeover Panel's costs to be made against DK. One would hope so.
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22-12-2017 12:21 PM #39680@hibs.net private member
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IIRC, they have to offer 20p per share. Originally Posted by Firestarter
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At the moment, that would be a bad deal for the shareholders. In the scenario you suggest, 20p might be attractive. But, as Ozy says, the new share issue might devalue them anyway... and this judgement will, for sure, as their stability is back in question.
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22-12-2017 12:21 PM #39681Left by mutual consent!
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The costs have been reserved for now. Its normally the losing party who pays both sides costs albeit again the Lords have discretionary powers not to award costs against the losing party. Originally Posted by CropleyWasGod
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It shouldn't be RFC, as it's not their fight. It should be DK/NOLA on one side, and the taxpayer on the other. Whether DK will get RFC to pay his share, one can only guess...... but I'm not sure if orders can be made for the Takeover Panel's costs to be made against DK. One would hope so.
Hopefully the TP will at a later date seek a hearing for King to be held liable for their costs as it will run into many thousands of pounds.
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22-12-2017 12:28 PM #39682@hibs.net private member
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Originally Posted by Hibernia&Alba
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I've seen his wine cellar on TV.
Just needs to sell that, plus any other property he owns, and see how much that raises.
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22-12-2017 12:32 PM #39683Coaching Staff
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He lost his wine cellar not long after he was daft enough to show it off. SARS (I think) took it off of him..... Originally Posted by jacomo
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22-12-2017 12:35 PM #39684Left by mutual consent!
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Thanks Cropley. Originally Posted by CropleyWasGod
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22-12-2017 12:36 PM #39685Coaching Staff
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Astonishingly cheery post from you Originally Posted by CropleyWasGod
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. When does he have to make the offer by?
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22-12-2017 12:36 PM #39686@hibs.net private member
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Just to be clear, though, it's the family trust that has to make the offer. At the moment, his own personal assets shouldn't be in play. Originally Posted by jacomo
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22-12-2017 12:37 PM #39687Left by mutual consent!
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The emails between Letham and King were damning evidence of them being fully aware of the 30 per cent trigger. They knew what they were about yet chose to leave a trail of evidence. I can't understand for the life of me why they would knowingly seek to bypass the rules yet do it so openly leaving them bang to rights. Total amateurs who deserved to be caught out and to be served up the consequences.
Cropleywasgod was correct on here a few months ago when surmising Kings defence of claiming poverty was irrelevant. Lord Bannatyne made that very point in his Judgement.
This is great news. King is an out and out liar and conman. He's been caught with his pants down so to speak and I hope he's contemplating exiting Scottish Football right now.
GGTTH
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22-12-2017 12:47 PM #39688Coaching Staff
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It shouldn’t be in his gift to just leave. He has just been called out for lying ina Scottish court and mounting an illegal takeover of a Scottish football club. The SFA should be acting today. Will they though? Originally Posted by lgnsh70
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22-12-2017 12:52 PM #39689Left by mutual consent!
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Great points. Originally Posted by Ozyhibby
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All parties concerned may just be very glad to see the back of him though and to leave it at that. We don't know its without precedent. If he remains it will be enforced no doubt about that or face the consequences if not.
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22-12-2017 12:53 PM #39690Testimonial Due
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Ha ha ha, i think we all know the answer to that one mate! Originally Posted by Ozyhibby
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