Generic Sevco / Rangers meltdown thread

[Ronniekirk]

What this year has shown is that ultimately it can all come down to the football.

It's pretty difficult for The Jonny Hun to sing his proscribed party songs at 0-4 to Hibs with half an hour to play

They were humiliated that day and you sensed they were a downtrodden support struggling to come to terms with what was happening to them .But against Celtic they were outsinging them and the full Sectarian Repitoire got an airing ,and both Clubs got paid handsomely for producing an anti climax of a game . Is this really what we want to be beaming around the World . although any neutral watching would of switched it off after a while if it was a football game they were looking to watch .

[greenginger]

Stock Exchange statement on the Meeting.


http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12241662.html

Love the bit where it suggest King could be faced with jail time under section 216 of companies act if he is appointed director of the Rangers Football Club without prior court clearance.

Their NOMAD , W H Ireland says they will resign with immediate effect if the meeting vote goes in favour of King and Co.

[grunt]

Their NOMAD , W H Ireland says they will resign with immediate effect if the meeting vote goes in favour of King and Co.
Yeah, and King counters by saying that they won't need to resign, because he'll sack them!

[grunt]

So what is this about, then?

http://www.rangers.co.uk/news/headlines/item/8486-club-statement


IT is regrettable that the Board of Rangers Football Club were not in attendance at today's important Scottish Cup tie against Raith Rovers.

Given the events over the past few days and after advice from the Club, the decision was made not to attend the game.

The Board has a duty of care to the fans, staff and stewards to ensure safety at the ground at all times and they believe this was the correct decision.

[Billy Whizz]

So what is this about, then?

http://www.rangers.co.uk/news/headlines/item/8486-club-statement

They were advised not to attend for their own safety

[Ronniekirk]

They were advised not to attend for their own safety
Maybe on Friday night they will be incognito in the hibs end

[PatHead]

So what is this about, then?

http://www.rangers.co.uk/news/headlines/item/8486-club-statement

Those 8000 The Rangers supporters looked really angry though

[Bishop Hibee]

Has Ashley actually watched a game since he took defacto control of the club? He's doing a great job so far.

[HUTCHYHIBBY]

Hmm....page 888 of this thread. How appropriate.

:devil:

I dinnae get what you mean

[IrnBru22]

Rangers hat on the newcastle website

http://www.nufcdirect.com/club-score-knitted-hat-904672?colcode=90467218

[Callum_62]

Rangers hat on the newcastle website

http://www.nufcdirect.com/club-score-knitted-hat-904672?colcode=90467218

:thumbsup:

Someone screenshot that before its taken down and pass onto the SFA before the ruling in March...

[lord bunberry]

Rangers hat on the newcastle website

http://www.nufcdirect.com/club-score-knitted-hat-904672?colcode=90467218

£3 is quite reasonable

[Bostonhibby]

£3 is quite reasonable

:agree: How are the Newcastle rangers black and white striped ones doing on the rangers website? I cant find them.

The Mike Ashley fun masks don't seem to be there either. Maybe holding back for a big marketing campaign before the Cup Final?

[Eyrie]

£3 is quite reasonable

That's more than the entire odious club is worth.

[greenginger]

London hotel cancels the G M booking.


https://twitter.com/STVGrant/status/564873014886817792

Could it be a tent in Hyde Park as a venue ! :greengrin

[grunt]

BBC Sportsound reveal their true (blue) colours on Twitter


BBC Sportsound ‏@BBCSportsound 2h2 hours ago (https://twitter.com/BBCSportsound/status/564849902447235072) Sportsound on air 810mw with Chick Young and Falkirk boss Peter Houston. Scottish Cup QF draw and Rangers disappointing cup exit to Raith

[Col2]

London hotel cancels the G M booking.


https://twitter.com/STVGrant/status/564873014886817792

Could it be a tent in Hyde Park as a venue ! :greengrin

I was at that hotel last week (work conference). It's not huge and it's in Kensington. Imagine.....Made in Chelsea vs we are the people!!!!

You can almost hear the sense of relief from the people that livein that area!!

[Sergey]

I'm doing some work within the London hotel industry at the moment and Sevco are going to find it tough in securing a venue. Even although it's a cut-throat industry, the industry talks and establishments will know that this is a gig that is a no-no from the off.

Choosing the Millennium at Gloucester Road was a shocking choice. The hotel has to consider their guests who are paying top dollar for their rooms. If it turns into a media circus, which it will, then the hotel simply has to say nope and walk away.

I'd imagine that their EGM will be held at some venue attached to a hotel in London Docklands where residents and neighbours are few.

[grunt]

You know times are hard when the Daily Ranger is banned from Ibrox


Andy Coyle ‏@STV_Andy 10m10 minutes ago (https://twitter.com/STV_Andy/status/564902446963912705) Daily Record banned by Rangers board now. Ridiculous. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-board-slap-ban-daily-5135276 … (http://t.co/RUGGPF28W0)

[GreenLake]

It's horrible to see them have this much trouble. I was hoping for a lot more.

[Bostonhibby]

It's horrible to see them have this much trouble. I was hoping for a lot more.

There's always Friday.........:greengrin

[portycabbage]

You know times are hard when the Daily Ranger is banned from Ibrox

They'll just have to concoct match reports that bear no resemblence to what actually happened in games. As usual.

[jacomo]

You know times are hard when the Daily Ranger is banned from Ibrox

As they say, same as The Chronicle being banned by NUFC. It's not a great way to win friends and influence peepul.

[cabbageandribs1875]

Sons Of Struth announce plans for Friday night demo v Hibernian, We have been asked by a few fans what our plans are for Friday nights game v Hibs. Same format again, 6.45 SOS to leave District Bar7.00 Arrive front door and join other fans to protest 7.45 depart stadium



they don't half like their sons of something or other p@sh dont they :greengrin

[Deansy]

You know times are hard when the Daily Ranger is banned from Ibrox

The Daily Record, perhaps more than any other newspaper, has exposed what has been going on behind the scenes at our club – particularly over the last four years.
“Most notably, they told us about Craig Whyte’s deal with Ticketus and, more recently, the selling of the stadium name to Mike Ashley for £1.

But - most notably - didn't the 'R*tard' tell you Craig Whyte's wealth was 'off the radar' ??

Still - a shocking way to treat the club-newspaper - it's supported both old and new versions of the Hun !!

[hibs0666]

Sons Of Struth announce plans for Friday night demo v Hibernian, We have been asked by a few fans what our plans are for Friday nights game v Hibs. Same format again, 6.45 SOS to leave District Bar7.00 Arrive front door and join other fans to protest 7.45 depart stadium



they don't half like their sons of something or other p@sh dont they :greengrin

I like the blue knights - just couldn't get the images of a Barron Knights tribute band out of my head.

[portycabbage]

London hotel cancels the G M booking.


https://twitter.com/STVGrant/status/564873014886817792

Could it be a tent in Hyde Park as a venue ! :greengrin

http://www.bbc.co.uk/sport/0/football/31327070


http://www.telegraph.co.uk/sport/football/teams/rangers/11398591/Rangers-fans-demand-entry-to-EGM-in-London.html

[Onion]

http://www.bbc.co.uk/sport/0/football/31327070


http://www.telegraph.co.uk/sport/football/teams/rangers/11398591/Rangers-fans-demand-entry-to-EGM-in-London.html

Rangers Board experiencing what the rest of us has had to put up with for decades :greengrin

[wills]

http://www.hibs.net/images/hibsnet/misc/quote_icon.png Originally Posted by jonty http://www.hibs.net/images/hibsnet/buttons/viewpost-right.png (http://www.hibs.net/showthread.php?p=4295501#post4295501)
So now King has got his EGM (despite reports to the contrary) and its a reported cost of £200,000 - who (is supposed to) pays for that




Money well spent, I'd say.

money up front I hope

[Ronniekirk]

I like the blue knights - just couldn't get the images of a Barron Knights tribute band out of my head.
A Taste of Aggro or The Chapel Lead is Missing. They were horrendous but then so are The Rangers

[Bostonhibby]

Its a real shame that its not going to be at the Millennium as they have a great big foyer area at reception where they could easily have got wee wullie blue nose set up with his organ to pipe in the faithful.

[JimBHibees]

The Daily Record, perhaps more than any other newspaper, has exposed what has been going on behind the scenes at our club – particularly over the last four years.
“Most notably, they told us about Craig Whyte’s deal with Ticketus and, more recently, the selling of the stadium name to Mike Ashley for £1.

But - most notably - didn't the 'R*tard' tell you Craig Whyte's wealth was 'off the radar' ??

Still - a shocking way to treat the club-newspaper - it's supported both old and new versions of the Hun !!



Yes and lets not forget the Sports editor at the time was emailing his articles to Craig Whyte to get the ok with the content, couldnt be more corrupt. Same person then got high paid job at club as well.

[Elephant Stone]

The Daily Record, perhaps more than any other newspaper, has exposed what has been going on behind the scenes at our club – particularly over the last four years.
“Most notably, they told us about Craig Whyte’s deal with Ticketus and, more recently, the selling of the stadium name to Mike Ashley for £1.

But - most notably - didn't the 'R*tard' tell you Craig Whyte's wealth was 'off the radar' ??

Still - a shocking way to treat the club-newspaper - it's supported both old and new versions of the Hun !!



http://maleysbhoys.com/wp-content/uploads/2012/06/dr2-300x225.jpg
http://www.eveningtimes.co.uk/sites/default/files/imagecache/400xY/2014/2/23434706.jpg
http://www.scotzine.com/wp-content/uploads/2012/12/rip-rangers-235x300.jpg

[Jim44]

The thread on FF, covering the Daily Record ban, is a hoot. It's clear that a lot of the bears don't have a clue which way to turn and they're arguing among themselves at the 'swooshness' and stupidity of some of the posts. The traditional hun hatred of the DR has caused the non-thinkers to celebrate the actions of their hated board and applaud them for kicking out the rancid newspaper, which is ironically spotlighting and exposing the self same hated board. The brighter ones are beginning to turn to hypocrisy and have decided to cuddle up to the DR and Keith Jackson's deep searching investigative journalism for the next few weeks till the board are kicked out at their big meeting. They say the new board will reverse the DR ban and ...... oh wait, will they not have to revert to hating the Daily Record as usual? You couldn't write a funnier script.:greengrin

[Phil D. Rolls]

My only real disappointment in all of this is that the MSM are not sticking the boot in. They are never slow to crow about other clubs when they hit the skids - this is a massive story, yet they continue to act like rabbits in the headlights.

[Off the bar]

My only real disappointment in all of this is that the MSM are not sticking the boot in. They are never slow to crow about other clubs when they hit the skids - this is a massive story, yet they continue to act like rabbits in the headlights.

They don't quite believe its happening, I think most of the MSM still think this will blow over and The rangers will be back with a full hunbrox winning stuff. They hav'nt grasped quite how badly run, demoralised and **** the've become.

[AndyM_1875]

The 'Off the radar' stuff has become a bit cliché and that was in the Jabba era where Rangers were treated with reverence by the Record. In the post financial meltdown world of Rangers and the post Jabba world at the Record the paper has treated the club pretty dispassionately and at times brutally.

To be fair to Keith Jackson (despite what the Twitter hysterics would have you believe) in the post Rangers meltdown world he has persistently gone through the charlatans running Rangers like a dose of salts and handed out thoroughly deserved kickings in print to the likes of Whyte, Green, Ahmed, Murray, and now he has earned the ire of fat Mike and Llambias resulting in the ban.

That ban will be nothing short of a wet dream to the boys at the Record's Sports Desk.

[Phil D. Rolls]

They don't quite believe its happening, I think most of the MSM still think this will blow over and The rangers will be back with a full hunbrox winning stuff. They hav'nt grasped quite how badly run, demoralised and **** the've become.

You'd have thought the absence of succulent lamb in the press lounge would have had them wondering.

[Spike Mandela]

The 'Off the radar' stuff has become a bit cliché and that was in the Jabba era where Rangers were treated with reverence by the Record. In the post financial meltdown world of Rangers and the post Jabba world at the Record the paper has treated the club pretty dispassionately and at times brutally.

To be fair to Keith Jackson (despite what the Twitter hysterics would have you believe) in the post Rangers meltdown world he has persistently gone through the charlatans running Rangers like a dose of salts and handed out thoroughly deserved kickings in print to the likes of Whyte, Green, Ahmed, Murray, and now he has earned the ire of fat Mike and Llambias resulting in the ban.

That ban will be nothing short of a wet dream to the boys at the Record's Sports Desk.

The Record has been like a Rangers fanzine for years. Even in the lowest division the most minor of mundane events at this lowly club was elevated to back page headlines, the other papers were nowhere near as slavish.

A kicking from Keith Jackson, you've got to laugh:rolleyes: Jackson merely bends in the wind as the Rangers fans allegiances switch from one white knight to another.


It is clearly a mouthpiece for the criminal Dave King and his cronies at the moment hence the reason the current board have banned them and hence the reason the crap they print won't change one bit.

In the end though who really cares as I doubt many non Rangers or Celtic supporters still buy this rag.

[Deansy]

The thread on FF, covering the Daily Record ban, is a hoot. It's clear that a lot of the bears don't have a clue which way to turn and they're arguing among themselves at the 'swooshness' and stupidity of some of the posts. The traditional hun hatred of the DR has caused the non-thinkers to celebrate the actions of their hated board and applaud them for kicking out the rancid newspaper, which is ironically spotlighting and exposing the self same hated board. The brighter ones are beginning to turn to hypocrisy and have decided to cuddle up to the DR and Keith Jackson's deep searching investigative journalism for the next few weeks till the board are kicked out at their big meeting. They say the new board will reverse the DR ban and ...... oh wait, will they not have to revert to hating the Daily Record as usual? You couldn't write a funnier script.:greengrin

'mong-media' is hilarious too BUT not without a touch of irony/hypocrisy ? -

http://forum.rangersmedia.co.uk/index.php?showtopic=279785&page=4

'They appoint their staff on the basis of religion and heritage'

'It is a sectarian scribble book and should never again be allowed near our club'

I would also add ET and Gollum to the list.

.....................


Of course, Souness DIDN'T sign Mo Johnson (as recently, compared to their history, in 1989), mainly, because of the failure CAUSED by their 100+ years of dedication/devotion to religion and heritage ??.

'IT' is sectarian ?? - Wtf ?? - one of THEM accusing anyone of being SECTARIAN ??

That's either either deliberate or an 'under-cover Kafflik' ??

[jgl07]

I was amazed to see the arguments against a Dave King takeover by the current board including a reference to his 'problems' with the South African tax authorities.

That might have been a fair call if you disregard the fact the the main power at the Big Hoose (apart from Ashley) is Sandy Easdale who did time comparatively recently for VAT fraud.

[ancient hibee]

I was amazed to see the arguments against a Dave King takeover by the current board including a reference to his 'problems' with the South African tax authorities.

That might have been a fair call if you disregard the fact the the main power at the Big Hoose (apart from Ashley) is Sandy Easdale who did time comparatively recently for VAT fraud.

Not as comparatively recently as King who would still be inside if he hadn't handed over his £40million.

[Deansy]

The 'Off the radar' stuff has become a bit cliché and that was in the Jabba era where Rangers were treated with reverence by the Record. In the post financial meltdown world of Rangers and the post Jabba world at the Record the paper has treated the club pretty dispassionately and at times brutally.

To be fair to Keith Jackson (despite what the Twitter hysterics would have you believe) in the post Rangers meltdown world he has persistently gone through the charlatans running Rangers like a dose of salts and handed out thoroughly deserved kickings in print to the likes of Whyte, Green, Ahmed, Murray, and now he has earned the ire of fat Mike and Llambias resulting in the ban.

That ban will be nothing short of a wet dream to the boys at the Record's Sports Desk.

As 'fair' as the coverage that rag's given them since their tax-con was discovered ?. Jabba apart, it's been 'pro-Hun' for as far back as I can remember. And when Marlborough/Murray + 'Big-money' arrived, their devotion merely increased, with whatever left over, for their 'Partners-in-Grime', Septic !. 'World Football's biggest game', ''World's biggest clubs/fans', 'OF for the EPL', 'SFA at fault', 'Anti-Rangers' etc, etc have reguarly been screamed out from it's headlines !!

Today's absolutely-shameless article is just another embarrassment to our national game but, sadly, not much different than the rest of our so-called 'Media' when it comes to the 'The Ugly Sisters' - whoring itself to the lowest common-denominator !

[AndyM_1875]

As 'fair' as the coverage that rag's given them since their tax-con was discovered ?. Jabba apart, it's been 'pro-Hun' for as far back as I can remember. And when Marlborough/Murray + 'Big-money' arrived, their devotion merely increased, with whatever left over, for their 'Partners-in-Grime', Septic !. 'World Football's biggest game', ''World's biggest clubs/fans', 'OF for the EPL', 'SFA at fault', 'Anti-Rangers' etc, etc have reguarly been screamed out from it's headlines !!

Today's absolutely-shameless article is just another embarrassment to our national game but, sadly, not much different than the rest of our so-called 'Media' when it comes to the 'The Ugly Sisters' - whoring itself to the lowest common-denominator !

Of course the Record is unashamedly Pro Old Firm. That's who buys it.
Look at it's target market. It's aimed at weegies whose interests are Planet Old Firm and West of Scotland whinging .

If it's balanced football reporting you want then head to the Bleacher Report or occasionally the UK based qualities

[Billy Whizz]

Hibs really want this to rumble and rumble. If they get a positive result at the EGM, it will galvanise the support and they will get a good manager in, like McCall.
Hope this mess continues

[Bostonhibby]

Hibs really want this to rumble and rumble. If they get a positive result at the EGM, it will galvanise the support and they will get a good manager in, like McCall.
Hope this mess continues

Thankfully it has to :greengrin even if they manage to oust Big Mike and the rest of the plastic Geordies they will quickly find out that they really "don't do walking away", they will need to be paid whatever price he reasonably wants for his shares, plus those nasty secured loans - so far none of the other "the rangers men" have been able to put up the sort of cash Ashley has - this one will roll for a bit yet, and there will be another tax or NI bill potentially.

[jacomo]

Of course the Record is unashamedly Pro Old Firm. That's who buys it.
Look at it's target market. It's aimed at weegies whose interests are Planet Old Firm and West of Scotland whinging .

If it's balanced football reporting you want then head to the Bleacher Report or occasionally the UK based qualities

Bleacher Report? Pure click bait, no more.

'Off the radar' is copyright Keith Jackson, in his EXCLUSIVE story revealing the man behind the legend called Craig Whyte. Rangers were in full melt down by this point, with the bank running the board and Murray almost forced to sell as his own empire collapsed.

Sorry, but I don't quite trust your reading of the media landscape.

[portycabbage]

Thankfully it has to :greengrin even if they manage to oust Big Mike and the rest of the plastic Geordies they will quickly find out that they really "don't do walking away", they will need to be paid whatever price he reasonably wants for his shares, plus those nasty secured loans - so far none of the other "the rangers men" have been able to put up the sort of cash Ashley has - this one will roll for a bit yet, and there will be another tax or NI bill potentially.

The loan has to be repaid in full to get Ashley's directors off the board, regardless of the GM (from what I've read)-

"...under the terms of the new loan facility, Sports Direct is entitled to appoint two directors for the length of the facility."

http://www.bbc.co.uk/sport/0/football/31010900
(http://www.bbc.co.uk/sport/0/football/31010900)

[Bostonhibby]

The loan has to be repaid in full to get Ashley's directors off the board, regardless of the GM (from what I've read)-

"...under the terms of the new loan facility, Sports Direct is entitled to appoint two directors for the length of the facility."

http://www.bbc.co.uk/sport/0/football/31010900
(http://www.bbc.co.uk/sport/0/football/31010900)

Yep, it does, makes you wonder why the "the rangers men" never put it up if they had it - they'll have to at some point unless they find a way to get the authorities to ignore King's past.

[Deansy]

Of course the Record is unashamedly Pro Old Firm. That's who buys it.
Look at it's target market. It's aimed at weegies whose interests are Planet Old Firm and West of Scotland whinging .

If it's balanced football reporting you want then head to the Bleacher Report or occasionally the UK based qualities

I wasn't looking for 'Balanced reporting' (certainly not from them) - the point I was making is their hypocrisy.Their 'Piece\article' of today tries to make out that they have 'been there for them' (the fans) throughout this entire con\scam - where the reality is that they've jumped into bed with every Tom, Dick & Shuggie that's been in charge !. Even long after Whyte took over - long enough for them to have further verified his 'credentials' - Jackson was STILL 'bigging him up' -
http://www.dailyrecord.co.uk/sport/football/revealed-how-new-rangers-bosses-1106183
Playing OF games overseas, 'British League-cup'etc, etc and dropping team-names like Arsenal, Man Utd into the mix etc, etc.
So if Whyte was really guilty of 'Duping' Murray, then the 'R*tard' - along with 99% of the SMSM - are equally guilty of 'Duping' their fans with the hype they gave him !. Instead, they had the gall to publish that shameless tripe without the slightest embarrassment !!

[portycabbage]

Yep, it does, makes you wonder why the "the rangers men" never put it up if they had it - they'll have to at some point unless they find a way to get the authorities to ignore King's past.

I think it's not that the "the rangers men" (I assume this is the King/3 bears lot) didn't put the money up, it's just that the current board went with Ashley's offer. And whether the authorities allow King to be on the board or not, the club will still owe the money to Ashley, which means Ashley is still entitled to 2 directors on the board.

I'm not sure on the legalities of King refusing to pay the debt, or somehow removing Ashley's men despite it being part of the £10m loan conditions. What takes precedence - the loan contract, or the shareholder vote to remove them and put King's lot in?

[Bostonhibby]

I think it's not that the "the rangers men" (I assume this is the King/3 bears lot) didn't put the money up, it's just that the current board went with Ashley's offer. And whether the authorities allow King to be on the board or not, the club will still owe the money to Ashley, which means Ashley is still entitled to 2 directors on the board.

I'm not sure on the legalities of King refusing to pay the debt, or somehow removing Ashley's men despite it being part of the £10m loan conditions. What takes precedence - the loan contract, or the shareholder vote to remove them and put King's lot in?


I think you're right about how the loan came to be made. I just think that it needn't have got that far if the current "good guys" put their money where their mouths were earlier. Not going to miss a chance to kick them

Would be amazed if the loan terms didn't make it repayable regardless. Might be able to avoid it if they liquidated the club again?

[portycabbage]

Would be amazed if the loan terms didn't make it repayable regardless. Might be able to avoid it if they liquidated the club again?

I think Ashley has that sewn up - IIRC he gets to appoint an administrator and has the securities over various sevco assets.

King seems to have said that the loan may be legally challenged -

"The concern I have is that there are strong allegations that the commercial arrangements are very much in favour of Sports Direct and to the detriment of Rangers. If that was the case, it would be something we would look at.

"If Mike Ashley put £10m into Rangers, I'd expect there to be some cash in the bank, that would be quite pleasant. Would we pay him immediately? I don't think so. There needs to be a forensic investigation.

"If there's some form of malfeasance, the club would have a claim against Sports Direct, in which case I would rather his money was in the club and I would attach the money in lieu of a claim and not pay him back.

"Our intention is in the interests of transparency. If people have acted improperly, it can't be swept under the carpet. It's not going to be a witch hunt."
http://www.bbc.co.uk/sport/0/football/31139420

The bit that I wonder about though is whether he can challenge the terms of the loan, specifically Ashley having the right to pick 2 directors. If the vote goes against Llambias and Leach - do they get left where they are, put straight back in again, or are sevco in breach of the loan contract by voting them off?

[Bostonhibby]

I think Ashley has that sewn up - IIRC he gets to appoint an administrator and has the securities over various sevco assets.

King seems to have said that the loan may be legally challenged -

"The concern I have is that there are strong allegations that the commercial arrangements are very much in favour of Sports Direct and to the detriment of Rangers. If that was the case, it would be something we would look at.

"If Mike Ashley put £10m into Rangers, I'd expect there to be some cash in the bank, that would be quite pleasant. Would we pay him immediately? I don't think so. There needs to be a forensic investigation.

"If there's some form of malfeasance, the club would have a claim against Sports Direct, in which case I would rather his money was in the club and I would attach the money in lieu of a claim and not pay him back.

"Our intention is in the interests of transparency. If people have acted improperly, it can't be swept under the carpet. It's not going to be a witch hunt."
http://www.bbc.co.uk/sport/0/football/31139420

The bit that I wonder about though is whether he can challenge the terms of the loan, specifically Ashley having the right to pick 2 directors. If the vote goes against Llambias and Leach - do they get left where they are, put straight back in again, or are sevco in breach of the loan contract by voting them off?

Sorry, sarcasm on my part - we need a sarcy smiley! - he certainly has a secured charge over the assets and cops the lot in the event of a liquidation.

As far as King's legal remedies are concerned, he seems to be interpreting UK law in much the same way as when he recently declared himself the winner in his South African tax case.

The Ashley loan to the rangers wasn't a case of there being any doubt about the terms of the loan or anyone being unable to understand it - commercial loan to a commercial entity - I wonder what was illegal about it, I guess that will be one for King to fight with Ashley in court about if the board changes come about in the way he wants.

[Eyrie]

Murray couldn't give Huns RIP away until Whyte came along.

When Huns RIP were liquidated, Green made the only serious offer to acquire the assets for Sevco Huns.

So where were the Three Bears and their money when all this was happening? At least King has a decent excuse - he was on trial for massive tax evasion and didn't know how much it would cost to buy his way out of a lengthy prison sentence.

[greenginger]

I think you're right about how the loan came to be made. I just think that it needn't have got that far if the current "good guys" put their money where their mouths were earlier. Not going to miss a chance to kick them

Would be amazed if the loan terms didn't make it repayable regardless. Might be able to avoid it if they liquidated the club again?

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12227853.html

I don't think there will be anything in the Ibrox kitty come their meeting.

The £ 10 million facility was in two parts. the first £ 5 million was used to repay the £ 3 million already due to Mash Holdings and remaining £ 2 million will be eaten up with Jan. and Feb. wages and running costs. The second £ 5 million would be available after Ashley's guys do due diligence ie is he still in charge.

If King wins he will inherit an empty kitty , a stack of bills, March wages and a bill for the meeting he called. The incoming board better have deep pockets. :greengrin

[ACLeith]

"Our intention is in the interests of transparency. If people have acted improperly, it can't be swept under the carpet."

Did Dave King really say that? Wow, that must be one of the quotes of 2015 :cb

[brog]

Its a real shame that its not going to be at the Millennium as they have a great big foyer area at reception where they could easily have got wee wullie blue nose set up with his organ to pipe in the faithful.

True story about the Millennium Hotel. Bruce Springsteen was staying there about 10 years ago & he wandered round the corner to nearby pub, I forget the name, for a pint. Next thing he's up on stage doing karaoke. Chaos of course ensued with people arriving from everywhere, imagine it now in age of Twitter! Genuinely true, I've been in pub & seen the pix. Bet they're upset to lose the custom of hundreds of rancid bears!

[portycabbage]

Did Dave King really say that? Wow, that must be one of the quotes of 2015 :cb

I know, the convicted fraudster turned would-be protector of truth and propriety!

[Bostonhibby]

True story about the Millennium Hotel. Bruce Springsteen was staying there about 10 years ago & he wandered round the corner to nearby pub, I forget the name, for a pint. Next thing he's up on stage doing karaoke. Chaos of course ensued with people arriving from everywhere, imagine it now in age of Twitter! Genuinely true, I've been in pub & seen the pix. Bet they're upset to lose the custom of hundreds of rancid bears!

And they could have had pictures of wee wullie up next to the Boss as well, they have missed a real opportunity for the heart of London to get the Manchester treatment.These are the queens most loyal subjects as well, maybe they could hold it somewhere down Pall Mall way?

[number9dream]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12227853.html

I don't think there will be anything in the Ibrox kitty come their meeting.

The £ 10 million facility was in two parts. the first £ 5 million was used to repay the £ 3 million already due to Mash Holdings and remaining £ 2 million will be eaten up with Jan. and Feb. wages and running costs. The second £ 5 million would be available after Ashley's guys do due diligence ie is he still in charge.

If King wins he will inherit an empty kitty , a stack of bills, March wages and a bill for the meeting he called. The incoming board better have deep pockets. :greengrin

'SD will also have the right to nominate two directors to the board of Rangers for the duration of the Facility...'

If that means Ashley's men stay on the board until he gets his £10m back, then King is only going to get rid of half the board if his motion is passed.

[PatHead]

And they could have had pictures of wee wullie up next to the Boss as well, they have missed a real opportunity for the heart of London to get the Manchester treatment.These are the queens most loyal subjects as well, maybe they could hold it somewhere down Pall Mall way?

Should hold it at Stamford Bridge because it was all their fans that caused the trouble in Manchester remember. It wasn't supporters of RIP Rangers

[Bostonhibby]

Should hold it at Stamford Bridge because it was all their fans that caused the trouble in Manchester remember. It wasn't supporters of RIP Rangers

:greengrin :agree: Theres nae chance a load of drunken fans of the team formerly known as Glasgow rangers would have gone down south for a major European final and behaved the same as they normally do, they have no form after all:wink:

The bizarre thing about their Chelski "connection" is the new boys seem to court it as Chelski are a big team and they play in blue but Chelski's recent surge has meant that other than a few numpties I really don't think they are comfortable aligning themselves with the latest version of newhun.

I have been to Stamford Bridge as a neutral with 3 die hard old style chelski men 7 or 8 times. Firstly, you rarely see a Union Jack there and certainly not on the scale you do at the SD arena, Secondly they have very few songs (one man went to mow and Celery, Celery) never mind all the Huns wee ditties, and thirdly, the 3 guys I go with have adopted Hibs and are up quite a bit, including pre season friendlies.

[ancient hibee]

Only King a convicted criminal in a multi million pound fraud would have the audacity to cast aspersions at a guy who whatever else he is has never been cast as dishonest.What the bigot numpties don't seem to latch on to is that the "Rangers Men"could have bought the business from Murray or failing that for £6million when it went belly up.They chose not to do so -I wonder why?

[CropleyWasGod]

Only King a convicted criminal in a multi million pound fraud would have the audacity to cast aspersions at a guy who whatever else he is has never been cast as dishonest.What the bigot numpties don't seem to latch on to is that the "Rangers Men"could have bought the business from Murray or failing that for £6million when it went belly up.They chose not to do so -I wonder why?
They didn't actually have the chance.

If you remember, the CVA had a clause in it that said that, if it failed, the assets would be sold to Sevco for £5.5m. Sevco couldn't have been outbid.

[Jack]

They didn't actually have the chance.

If you remember, the CVA had a clause in it that said that, if it failed, the assets would be sold to Sevco for £5.5m. Sevco couldn't have been outbid.

They could have bought it from SDM for a pound and a penny!

[CropleyWasGod]

They could have bought it from SDM for a pound and a penny!
Give or take £18m [emoji33]

[portycabbage]

Give or take £18m [emoji33]

What's your thoughts on the situation with the Ashley loan condition that he gets 2 directors for the duration of the loan, given that the GM may vote them off? Can they be voted off without the loan being repaid? It seems to me that most of the votes on boardroom changes at the GM are a bit pointless, given the situation with Paul Murray and King's hurdles, as well as the difficulties ousting Llambias and Leach.

[CropleyWasGod]

What's your thoughts on the situation with the Ashley loan condition that he gets 2 directors for the duration of the loan, given that the GM may vote them off? Can they be voted off without the loan being repaid? It seems to me that most of the votes on boardroom changes at the GM are a bit pointless, given the situation with Paul Murray and King's hurdles, as well as the difficulties ousting Llambias and Leach.
I wouldn't trust DK tbh.

I can't see him moving into the Boardroom one day, and then paying the loan off the next. As someone mentioned earlier, he's already hinted that he wouldn't.

I'm sure he has his strategy for the funding of the club, but I can see him stringing MA out for a while on the money....even if it goes to Court.

[portycabbage]

I wouldn't trust DK tbh.

I can't see him moving into the Boardroom one day, and then paying the loan off the next. As someone mentioned earlier, he's already hinted that he wouldn't.

I'm sure he has his strategy for the funding of the club, but I can see him stringing MA out for a while on the money....even if it goes to Court.

Think that may have been me!

King also hinted that he would work with Ashley - does that mean he knows that he and other shareholders can't vote Llambias and Leach off?

[CropleyWasGod]

Think that may have been me!

King also hinted that he would work with Ashley - does that mean he knows that he and other shareholders can't vote Llambias and Leach off?
I think they can. And they will, even although that might trigger the loan repayment. I don't see the point of the GM otherwise.

Having said that, it's such a mucky story that I could see a deal being done with MA before the GM..... and there are any number of possible scenarios in that event.

[jacomo]

:greengrin :agree: Theres nae chance a load of drunken fans of the team formerly known as Glasgow rangers would have gone down south for a major European final and behaved the same as they normally do, they have no form after all:wink:

The bizarre thing about their Chelski "connection" is the new boys seem to court it as Chelski are a big team and they play in blue but Chelski's recent surge has meant that other than a few numpties I really don't think they are comfortable aligning themselves with the latest version of newhun.

I have been to Stamford Bridge as a neutral with 3 die hard old style chelski men 7 or 8 times. Firstly, you rarely see a Union Jack there and certainly not on the scale you do at the SD arena, Secondly they have very few songs (one man went to mow and Celery, Celery) never mind all the Huns wee ditties, and thirdly, the 3 guys I go with have adopted Hibs and are up quite a bit, including pre season friendlies.

Last time I went to Stamford Bridge (a few years ago, admittedly) they were having a good old **** the IRA singalong in the pubs.

[Spike Mandela]

Praise for the Daily Record ehhhhhhhh, in the Daily Record, from the diplomat of our times.......

http://www.dailyrecord.co.uk/sport/football/football-news/bombers-back-john-brown-issues-5148681

......and the video of Keith Jackson et al is toe curling. These guys call themselves journalists.

[Bostonhibby]

Last time I went to Stamford Bridge (a few years ago, admittedly) they were having a good old **** the IRA singalong in the pubs.

They will do, and still do, every club has them - Chelsea probably have quite a few proportionately who don't like the IRA and also like the odd Hun tune as well I am sure. As we know from followers of the now defunct Glasgow Rangers they don't always know the facts behind what they are singing about, or are incapable of researching and understanding the facts and the irrelevance of it in the modern world.

[jacomo]

Praise for the Daily Record ehhhhhhhh, in the Daily Record, from the diplomat of our times.......

http://www.dailyrecord.co.uk/sport/football/football-news/bombers-back-john-brown-issues-5148681

......and the video of Keith Jackson et al is toe curling. These guys call themselves journalists.

Sounds like it will be feisty on Friday. Take care everybody.

[Phil D. Rolls]

Bit of respect everybody, bit of respect.

[AndyM_1875]

Bleacher Report? Pure click bait, no more.

'Off the radar' is copyright Keith Jackson, in his EXCLUSIVE story revealing the man behind the legend called Craig Whyte. Rangers were in full melt down by this point, with the bank running the board and Murray almost forced to sell as his own empire collapsed.

Sorry, but I don't quite trust your reading of the media landscape.

and what media landscape is that? The MSM and the New media?

I probably trust the MSM less than you (Jackson's re-positioning of himself is quite remarkable) and I'll make no apologies for dismissing the dull witterings of loonball bloggers who seem to shoot themselves in the foot at every opportunity as they manage to get every big result surrounding this story wrong as they're too wrapped up in their own wee cycle of bitterness to form a coherent and objective opinion.

[jacomo]

and what media landscape is that? The MSM and the New media?

I probably trust the MSM less than you (Jackson's re-positioning of himself is quite remarkable) and I'll make no apologies for dismissing the dull witterings of loonball bloggers who seem to shoot themselves in the foot at every opportunity as they manage to get every big result surrounding this story wrong as they're too wrapped up in their own wee cycle of bitterness to form a coherent and objective opinion.

The MSM dropped the ball massively with The Rangers debacle, as we all know. And the mainstream media is often complacent, insular and in favour of the status quo.

However, at least long-established titles employ actual reporters who are at least familiar with the concept of journalistic rigour. They still do the odd investigation at times, too.

Replace this with click-bait junk like The Bleacher Report (who serve no one except their shareholders) and we really will be sunk.

[AndyM_1875]

The MSM dropped the ball massively with The Rangers debacle, as we all know. And the mainstream media is often complacent, insular and in favour of the status quo.

However, at least long-established titles employ actual reporters who are at least familiar with the concept of journalistic rigour. They still do the odd investigation at times, too.

Replace this with click-bait junk like The Bleacher Report (who serve no one except their shareholders) and we really will be sunk.

Agree with you on the long established titles but I think we're sunk already as most of the so called new media is just bitter agenda peddling bollocks written by zoomers and fruitcakes based on nothing more than ill founded rumours and the personal fantasies of questionable individuals.

[jacomo]

Agree with you on the long established titles but I think we're sunk already as most of the so called new media is just bitter agenda peddling bollocks written by zoomers and fruitcakes based on nothing more than ill founded rumours and the personal fantasies of questionable individuals.

:agree:

[Ronniekirk]

Sounds like it will be feisty on Friday. Take care everybody.

I wonder how many ex players managers etc will heed Bomber Browns Clarion Call to congregate and Pracefully Protest outside Ibrox tonight ,might actually head along and see who I can spot ,sounds like it could be entertaining

[Hibby Kay-Yay]

Praise for the Daily Record ehhhhhhhh, in the Daily Record, from the diplomat of our times.......

http://www.dailyrecord.co.uk/sport/football/football-news/bombers-back-john-brown-issues-5148681

......and the video of Keith Jackson et al is toe curling. These guys call themselves journalists.

Bomber looks awfy like Freddy Cruger in the pic.

[The Green Goblin]

BBC Sportsound reveal their true (blue) colours on Twitter

Pathetic beyond belief and really sums them all up. I can hardly believe that's a real tweet- so blatant.

[PatHead]

Pathetic beyond belief and really sums them all up. I can hardly believe that's a real tweet- so blatant.

What did it say?

[Deansy]

Praise for the Daily Record ehhhhhhhh, in the Daily Record, from the diplomat of our times.......

http://www.dailyrecord.co.uk/sport/football/football-news/bombers-back-john-brown-issues-5148681

......and the video of Keith Jackson et al is toe curling. These guys call themselves journalists.


'We had some of the greatest moments of our lives playing football for Rangers and now it’s time for us to give something back'- Great idea, how about either their EBT 'Loans' or the TAX they should've paid ?

Apart from that,an alliance of the 'R*tard' and 'Ra Peepul's R*tard' has to be the perfect match !!

[greenginger]

Noticed that the Rangers Football Club accounts to 30/6/2014 as opposed to the holding company accounts were put on to the Companies House site on Friday 13th.



ftp://wck2.companieshouse.gov.uk/image/5e/8d/5a/54/6c/d0/ce/1d/77/11/cb/6d/40/06/bb/a0/blREX+0L0046-271118_3-11864869.pdf

Can't see anything sensational, but keener eyes than mine, might want to look ! :greengrin

[J-C]

Noticed that the Rangers Football Club accounts to 30/6/2015 as opposed to the holding company accounts were put on to the Companies House site on Friday 13th.



ftp://wck2.companieshouse.gov.uk/image/5e/8d/5a/54/6c/d0/ce/1d/77/11/cb/6d/40/06/bb/a0/blREX+0L0046-271118_3-11864869.pdf

Can't see anything sensational, but keener eyes than mine, might want to look ! :greengrin

Income £17.12 M
expenditure £25.3 M

hahahaha no that looks like well balanced account, a loss of just over £8M :greengrin

[grunt]

What did it say?This


BBC Sportsound ‏@BBCSportsound2h2 hours ago (https://twitter.com/BBCSportsound/status/564849902447235072)Sportsound on air 810mw with Chick Young and Falkirk boss Peter Houston. Scottish Cup QF draw and Rangers disappointing cup exit to Raith

[PatHead]

This


Hun-believable

[portycabbage]

A selection of sevco fans views on one of their players from the other night-

"I've no idea what Kyle Hutton's qualities are. Should never have been a new deal."

"On the goal Kyle Hutton just doesn't track the runner. Lazy. How we kept giving him deals I just do not know."

"Kyle Hutton could be a very good footballer if he applied himself properly"

"I usually give Kyle Hutton pelters but he was been pretty good tonight. Nice range of passing."

"Kyle Hutton is worse than Diet Irn-Bru":tee hee:

http://hereisthecity.com/en-gb/2015/02/13/rangers-fans-react-on-twitter-to-kyle-huttons-performance-v-hibs/

[greenginger]

Looks like they have found some mugs, sorry 5 star hotel , willing to accept their business.


http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12251436.html

[Dalianwanda]

Looks like they have found some mugs, sorry 5 star hotel , willing to accept their business.


http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12251436.html

Used to enjoy staying there in my standard life days..

[Col2]

Lets see how this plays out. I reckon the venue will be cancelled again on the basis of security / safety reasons and then the date will move to the right. Just a hunch.

[Deansy]

I wonder how many ex players managers etc will heed Bomber Browns Clarion Call to congregate and Pracefully Protest outside Ibrox tonight ,might actually head along and see who I can spot ,sounds like it could be entertaining

Nacho Novo turned-up - ONE 'Legend' out of the numerous 'Legends' they signed during Murray's time at 'Greyskull' .............

Seems like the new-version of the Hun aren't 'Truly one of the world's biggest clubs' (as more than a few of their 'tax-dodging Mercs' liked to quote on their arrival) - if Novo's the best they can pull !!

[Jim44]

Lets see how this plays out. I reckon the venue will be cancelled again on the basis of security / safety reasons and then the date will move to the right. Just a hunch.

I don't see what all the fuss is about. As far as I understand, King in theory has the majority of the shareholders' votes and will win the ballot if all eligible votes are included. The present board think that holding the meeting in London will somehow, weaken King's chances and that there is a chance that the meeting will be further postponed because of the disruption caused by a lynch mob mentality. If there is a danger of this, why don't they simply give their proxy votes to the relevant groups and go through the formality of the ballot, which they will apparently win. What is the point of the lynch mob descending on London for a ten minute meeting? Unless Ashley has a trump card up his sleeve.

[Jim44]

Nacho Novo turned-up - ONE 'Legend' out of the numerous 'Legends' they signed during Murray's time at 'Greyskull' .............

Seems like the new-version of the Hun aren't 'Truly one of the world's biggest clubs' (as more than a few of their 'tax-dodging Mercs' liked to quote on their arrival) - if Novo's the best they can pull !!

I believe Ian Ferguson was there.

[greenginger]

I don't see what all the fuss is about. As far as I understand, King in theory has the majority of the shareholders' votes and will win the ballot if all eligible votes are included. The present board think that holding the meeting in London will somehow, weaken King's chances and that there is a chance that the meeting will be further postponed because of the disruption caused by a lynch mob mentality. If there is a danger of this, why don't they simply give their proxy votes to the relevant groups and go through the formality of the ballot, which they will apparently win. What is the point of the lynch mob descending on London for a ten minute meeting? Unless Ashley has a trump card up his sleeve.

I don't know whether holding the meeting in London was to try and keep in with any fund managers still holding their toxic investments that Green sold them, or in the hope a lot fewer of the fan shareholders will make the trip ( and fail to fill in the postal voting form properly or fix a stamp )

What is sure, I can't see Ashley's people walking into this meeting and accepting defeat with good grace.

If the counts been done and Ashley can't win , there will be dirty tricks to derail King, and that can only be bad for Sevco ! :thumbsup:

[Billy Whizz]

I don't know whether holding the meeting in London was to try and keep in with any fund managers still holding their toxic investments that Green sold them, or in the hope a lot fewer of the fan shareholders will make the trip ( and fail to fill in the postal voting form properly or fix a stamp )

What is sure, I can't see Ashley's people walking into this meeting and accepting defeat with good grace.

If the counts been done and Ashley can't win , there will be dirty tricks to derail King, and that can only be bad for Sevco ! :thumbsup:

Admin and 25 points deduction😄

[PatHead]

Maybe they were afraid of a lynch mob getting them in Glasgow and feel safer in London. When they lose the vote they will not need to go back to Ibroke and avoid a doing at the hands (and feet) of ruffians.

[Moulin Yarns]

As the song goes

"things, can only get better"

http://www.scotsman.com/sport/football/spfl-lower-divisions/auditor-deloitte-raises-concerns-over-rangers-1-3692619

:greengrin

[AndyM_1875]

As the song goes

"things, can only get better"

http://www.scotsman.com/sport/football/spfl-lower-divisions/auditor-deloitte-raises-concerns-over-rangers-1-3692619

:greengrin

Certainly if the EGM fails, next season Rangers will have significantly lower expenditures and significantly lower income streams as the fans that remain will not buy Season Tickets and the walk ups won't go whilst the current board is in place. Retail is a bust flush anyway as profits go to Mike Ashley/Sports Direct rather than Rangers. On the bright side most of the 7k a week mob are all out of contract (except fatty Boyd) and none will be renewed but if income is drastically reduced then you will definitely be looking at a second Administration and -25.

I can't see how that can be avoided although I'll take my lead from CWG as he will have a better understanding of the figures

[hibees59]

Looks like they have found some mugs, sorry 5 star hotel , willing to accept their business.


http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12251436.html

Maybe not

https://twitter.com/grangehotels/status/567676016127406080 :greengrin

[CallumLaidlaw]

@BBCchrismclaug: .@BBCSport understands the #Rangers EGM will now take place at Ibrox.

[Phil D. Rolls]

@BBCchrismclaug: .@BBCSport understands the #Rangers EGM will now take place at Ibrox.

The big hoose has to be useful for something. :agree:

[CallumLaidlaw]

@ScotlandSky: Sky sources: @RangersFC EGM will now take place at Ibrox, but NOT on March 4; date TBC. More on @SkySportsNewsHQ #Rangers

[Smartie]

I hope for their sake that the The Rangers board manage to keep themselves segregated away from the The Rangers fans at this one a bit better than they've managed for other teams' fans in recent weeks.

[Billy Whizz]

I hope for their sake that the The Rangers board manage to keep themselves segregated away from the The Rangers fans at this one a bit better than they've managed for other teams' fans in recent weeks.

I'd put the board in the corner where they put the Hibs supporters at Ibrox

[Bostonhibby]

I'd put the board in the corner where they put the Hibs supporters at Ibrox
Stick them in the opposition net. Nothing Will disturb them there

[Boyle89]

From the article on bbc. Dave king says...
"It is not the Rangers way to threaten individuals and there should be zero tolerance for this."
Hahahaha.

[Bostonhibby]

From the article on bbc. Dave king says...
"It is not the Rangers way to threaten individuals and there should be zero tolerance for this."
Hahahaha.
So no calls from fat Sally types asking for people who happen not to agree with their unusual view of the world to be named then?

Lucky they seem to have a true blue moral crusader this time around[emoji6]

[GreenLake]

@BBCchrismclaug: .@BBCSport understands the #Rangers EGM will now take place at Ibrox.

They have a dressing room Jacuzzi - sit in the hotting tub of a rotting club.

[Boyle89]

So no calls from fat Sally types asking for people who happen not to agree with their unusual view of the world to be named then?

Lucky they seem to have a true blue moral crusader this time around[emoji6]
That's what immediatley sprung to mind when I read it.

[greenginger]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12252905.html


GM at Grange Hotel cancelled because of threats made by persons unknown.

Bet Ashley used to think the Geordies were trouble. :greengrin

[Ronniekirk]

You have to assume that there will be a very vocal protest inside and outside the ground for this .The police bill wil be considerable and it's difficult not to see things kicking off Off. If king et al aren't winning the vote .and giving the Punters what they want

[Jim44]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12252905.html


GM at Grange Hotel cancelled because of threats made by persons unknown.

Bet Ashley used to think the Geordies were trouble. :greengrin

Yet another reason for charging them with bringing the game into disrepute.

[Onion]

From the article on bbc. Dave king says...
"It is not the Rangers way to threaten individuals and there should be zero tolerance for this."
Hahahaha.

Quote of the year 😂

[Jim44]

According to King, the vote is a formality and will take a few minutes with no debate. "It was always my intention to vote by proxy and not travel to London and it remains the case that I will be in Glasgow with my fellow directors ready to commence the business of the day." Nothing like confidence so why resort to threats and thuggery!

[portycabbage]

According to King, the vote is a formality and will take a few minutes with no debate. "It was always my intention to vote by proxy and not travel to London and it remains the case that I will be in Glasgow with my fellow directors ready to commence the business of the day." Nothing like confidence so why resort to threats and thuggery!

Seems to be jumping the gun a little there. And the bit about threats and intimidation not being the "Rangers way" reminded me of the "glib and shameless liar" quote. Anyway he meant "the the Rangers way".

[Bostonhibby]

Seems to be jumping the gun a little there. And the bit about threats and intimidation not being the "Rangers way" reminded me of the "glib and shameless liar" quote. Anyway he meant "the the Rangers way".

:agree: I hope it is king, the clamour for him makes no sense at all -they quickly turned on Whyte then Green, both of whom were unknown quantities but potentially dodgy - the rest is history, including the love ins.

Here we have a guy where there is no doubt about his criminality, Ashley is many things as he is an accomplished and ruthless businessman - free of everything that goes with all of the aforementioned.

Really looking forward to how they get round the fit and proper person issue, as well as that associated with previously being a director of the now defunct Glasgow rangers.

[silverhibee]

You have to assume that there will be a very vocal protest inside and outside the ground for this .The police bill wil be considerable and it's difficult not to see things kicking off Off. If king et al aren't winning the vote .and giving the Punters what they want

How will Scottish/Glasgow Police deal with the number of folk turning up for this, maybe the Police should take the decision for it not to go ahead on safety grounds, if they can't handle over 1000 fans turning up at Ibrox at night time then where will the resources come from to deal with this riot that is going to happen at Ibrox on the night.

[Newry Hibs]

So what is this vote actually for? Reading a bbc item on it, it's to remove all 4 directors and vote on 3 others including King.

Is this a straight fight between King and Ashley?

[Ringothedog]

How will Scottish/Glasgow Police deal with the number of folk turning up for this, maybe the Police should take the decision for it not to go ahead on safety grounds, if they can't handle over 1000 fans turning up at Ibrox at night time then where will the resources come from to deal with this riot that is going to happen at Ibrox on the night.

The huns should make it all ticket charging say £100 entrance fee to their shareholders. That should just about pay for their Police bill.

[Mikey09]

All this may have been funny but to be honest it's boring the **** out me now.... Not a day goes by without these muppets hogging the headlines. I wish they would just OFF!!!

[AndyM_1875]

BBC Scotland last night were saying the Proxy votes are to be in by March 2. If King is right and has done his calculations correctly there won't be an EGM as the existing directors won't turn up to be humiliated. They'll resign en masse prior to the EGM and King & his cohorts take control and that will be that.

King bought over 15% of the club in early January. It appears he also bought out one of the institutional investors as well in late January so he is by far the biggest shareholder. Add to that you have the 3 Bears and the two fans groups who also hold shares the vote should be a fait accompli. What will be worth watching is how they deal with Ashley afterwards. When King made his pitch at that staged media event he unsurprisingly didn't attempt to pick a fight with Fat Mike.

[God Petrie]

As the song goes

"things, can only get better"

http://www.scotsman.com/sport/football/spfl-lower-divisions/auditor-deloitte-raises-concerns-over-rangers-1-3692619

:greengrin

Would be nice to keep them down and ensure the zombies go back to their grave.

[GreenPJ]

BBC Scotland last night were saying the Proxy votes are to be in by March 2. If King is right and has done his calculations correctly there won't be an EGM as the existing directors won't turn up to be humiliated. They'll resign en masse prior to the EGM and King & his cohorts take control and that will be that.

King bought over 15% of the club in early January. It appears he also bought out one of the institutional investors as well in late January so he is by far the biggest shareholder. Add to that you have the 3 Bears and the two fans groups who also hold shares the vote should be a fait accompli. What will be worth watching is how they deal with Ashley afterwards. When King made his pitch at that staged media event he unsurprisingly didn't attempt to pick a fight with Fat Mike.

I thought Ashley had agreement that he would have 2 board members until the debt was paid - I would imagine any early repayment terms would have to be agreed and I can't see that having been done in time soI think there will still be a bun fight.

[Spike Mandela]

BBC Scotland last night were saying the Proxy votes are to be in by March 2. If King is right and has done his calculations correctly there won't be an EGM as the existing directors won't turn up to be humiliated. They'll resign en masse prior to the EGM and King & his cohorts take control and that will be that.

King bought over 15% of the club in early January. It appears he also bought out one of the institutional investors as well in late January so he is by far the biggest shareholder. Add to that you have the 3 Bears and the two fans groups who also hold shares the vote should be a fait accompli. What will be worth watching is how they deal with Ashley afterwards. When King made his pitch at that staged media event he unsurprisingly didn't attempt to pick a fight with Fat Mike.

Even if King wins the vote surely the biggest hurdle to his ambitions is the SFA's fit and proper person test.

A convicted tax fraudster who was on the Rangers board that ultimately suffered an insolvency event. He claims he has assurances there is no impediment to his coronation but I would find that staggering.

The SFA could fudge things and allow it as they fear damage to a major Scottish club but on the other hand if this disreputable character leads The Rangers into another financial abyss the knives will be out and fingers pointed at the SFA for dereliction of duty.

[Bostonhibby]

Even if King wins the vote surely the biggest hurdle to his ambitions is the SFA's fit and proper person test.

A convicted tax fraudster who was on the Rangers board that ultimately suffered an insolvency event. He claims he has assurances there is no impediment to his coronation but I would find that staggering.

The SFA could fudge things and allow it as they fear damage to a major Scottish club but on the other hand if this disreputable character leads The Rangers into another financial abyss the knives will be out and fingers pointed at the SFA for dereliction of duty.
If he wins the SFA will ask the rangers how they want it dealt with, exit left then reinvent some more acceptable rules.

Business as usual

[PatHead]

He could maybe do a Romanov or Ashley and appoint some patsies to run things for him from arms length. That way he wouldn't breach any rules.

[CropleyWasGod]

He could maybe do a Romanov or Ashley and appoint some patsies to run things for him from arms length. That way he wouldn't breach any rules.

He would probably be deemed a shadow director in those circumstances. That has its own implications, in Company law at least.

[PatHead]

He would probably be deemed a shadow director in those circumstances. That has its own implications, in Company law at least.

But would SFA see it like that or just do SFA?

[AndyM_1875]

Even if King wins the vote surely the biggest hurdle to his ambitions is the SFA's fit and proper person test.

A convicted tax fraudster who was on the Rangers board that ultimately suffered an insolvency event. He claims he has assurances there is no impediment to his coronation but I would find that staggering.

The SFA could fudge things and allow it as they fear damage to a major Scottish club but on the other hand if this disreputable character leads The Rangers into another financial abyss the knives will be out and fingers pointed at the SFA for dereliction of duty.

Much will depend on who is on the SFA panel.
Rod Petrie has a history of wanting to boot Rangers in the nuts. Undoubtedly Peter Lawell would vote cynically for King out of his own club's self interest.

If the SFA don't allow Dave King to serve on the board he'll just appoint 'his man' to run the club but everyone knows who'll be running the show.
Dermot Desmond, a tax exile in Gibraltar/Barbados, is majority shareholder in Celtic and although he doesn't run the club or serve on the board he makes a lot of decisions for them. For all his tax issues in South Africa, Dave King's biggest business client is still the South African government. It's far from cut & dried.

[Off the bar]

Much will depend on who is on the SFA panel.
Rod Petrie has a history of wanting to boot Rangers in the nuts. Undoubtedly Peter Lawell would vote cynically for King out of his own club's self interest.

If the SFA don't allow Dave King to serve on the board he'll just appoint 'his man' to run the club but everyone knows who'll be running the show.
Dermot Desmond, a tax exile in Gibraltar/Barbados, is majority shareholder in Celtic and although he doesn't run the club or serve on the board he makes a lot of decisions for them. For all his tax issues in South Africa, Dave King's biggest business client is still the South African government. It's far from cut & dried.

It is though, by the SFA rules King can't pass the fit and proper test, even if you ignore his South African affairs, he was on the board when the old company went down the pan and that fact alone rules him out.

[Jim44]

It is though, by the SFA rules King can't pass the fit and proper test, even if you ignore his South African affairs, he was on the board when the old company went down the pan and that fact alone rules him out.

Covered here? - http://www.barrellison.co.uk/legal-news-and-views/director-disqualification

[CropleyWasGod]

But would SFA see it like that or just do SFA?

From what I understand about Company Law, DK would have a bigger problem with the Procurator Fiscal than the SFA. :greengrin

[Off the bar]

Covered here? - http://www.barrellison.co.uk/legal-news-and-views/director-disqualification

Not sure about the 'real world' legalities of him holding a directorship but I'm pretty sure it is an SFA rule that if you were on the board of a club that goes mammaries skyward you are disqualified for 5 years before you can be involved at board level again with a club.

[Jack]

From what I understand about Company Law, DK would have a bigger problem with the Procurator Fiscal than the SFA. :greengrin

And I suspect that is what the SFA will wait for rather than becoming involved and making the decision themselves. That way they don't alienate 10s of thousands of fans on either side of the debate.

[Just Alf]

Hun at work told me this morning that the reason Mccoist is still there is the 12 month rolling contract he was on stipulated that if either party wanted it ended early there was a penalty clause meaning the party ending the contract had a significant compensation payment to make, both sides are refusing to budge on it hence the current stand off (and happily for the, the Rangers it makes Mccoist look bad)

Any of you financial types know if that's plausible? Matey seemed adamant about it. :dunno:

[PatHead]

So what is this vote actually for? Reading a bbc item on it, it's to remove all 4 directors and vote on 3 others including King.

Is this a straight fight between King and Ashley?

Is one of the others not Paul Murray who is not allowed to be a Director of a Scottish Football Club as he was a director of Rangers under David Murray and Whyte. He is therefore banned for a minimum of 3 years from being a Director of a football club which will not expire until the summer.

BTW does anyone know what he does because he never puts money up, just hangs about like a bad smell under anyone that will have him.

Think his defence at the time was something like "I asked for paperwork but they wouldn't give it to me so I stayed to keep an eye on things, it wisnae me I just took the benefits going"

[PatHead]

Hun at work told me this morning that the reason Mccoist is still there is the 12 month rolling contract he was on stipulated that if either party wanted it ended early there was a penalty clause meaning the party ending the contract had a significant compensation payment to make, both sides are refusing to budge on it hence the current stand off (and happily for the, the Rangers it makes Mccoist look bad)

Any of you financial types know if that's plausible? Matey seemed adamant about it. :dunno:

Not an employment specialist but would not surprise me if there was a pay off clause. Everyone else seemed to have one that left the club with a bag of money under their arm. It actually makes McCoist look better as he can claim they wanted him to pay to leave and that would be unfair. (Ignoring the fact he is on shedloads of money to get serenaded by Hibs supporters after the game.)

[Billy Whizz]

Hun at work told me this morning that the reason Mccoist is still there is the 12 month rolling contract he was on stipulated that if either party wanted it ended early there was a penalty clause meaning the party ending the contract had a significant compensation payment to make, both sides are refusing to budge on it hence the current stand off (and happily for the, the Rangers it makes Mccoist look bad)

Any of you financial types know if that's plausible? Matey seemed adamant about it. :dunno:


Daily Record reported yesterday that McCoist was aware of the 5 loan players from Newcastle, and agreed to take them.
He must have been doing more than his garden then

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-fans-group-fear-ban-5181445

[Jim44]

Daily Record reported yesterday that McCoist was aware of the 5 loan players from Newcastle, and agreed to take them.
He must have been doing more than his garden then

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-fans-group-fear-ban-5181445

So it's McCoist who is still responsible for all their useless results recently? :-)

[AndyM_1875]

Not sure about the 'real world' legalities of him holding a directorship but I'm pretty sure it is an SFA rule that if you were on the board of a club that goes mammaries skyward you are disqualified for 5 years before you can be involved at board level again with a club.

It becomes an issue if/when he gets control at Rangers and gets elected to what will then be the new acting board of Rangers.

The SFA will then want to talk to him and ask questions of him.

[CropleyWasGod]

It becomes an issue if/when he gets control at Rangers and gets elected to what will then be the new acting board of Rangers.

The SFA will then want to talk to him and ask questions of him.

...at which point he will be in contravention of the Companies Act, no?

[AndyM_1875]

...at which point he will be in contravention of the Companies Act, no?

He seems pretty confident....

http://www.telegraph.co.uk/sport/football/teams/rangers/11402097/Rangers-news-Dave-King-supplies-evidence-to-pass-fit-and-proper-test.html

[PatHead]

From what I understand about Company Law, DK would have a bigger problem with the Procurator Fiscal than the SFA. :greengrin


:greengrin Thats it get the rozzers in,

Is that you back from South America?

[CropleyWasGod]

He seems pretty confident....

http://www.telegraph.co.uk/sport/football/teams/rangers/11402097/Rangers-news-Dave-King-supplies-evidence-to-pass-fit-and-proper-test.html

He has only mentioned the SA angle. He hasn't mentioned the UK bit, which is much more important.

“his appointment would be in breach of section 216 of the Insolvency Act 1986.

“Subject to certain limited e*xceptions, S. 216 requires a person to obtain the leave of the Court before becoming a director of a company if, in the preceding five years, that *person was a director of a company which went into liquidation whilst they were a director (or within one year of their ceasing to be a director) and the name of the new company

of which they wish to be a director is the same as, or similar to, the name of the company which went into *liquidation.

“This section applies to Mr King given he was, at the relevant time, a director of the company which previously owned the Rangers Football Club. This means that if he were to become a director of the Company without such leave then, unless he fell within one of the limited exceptions, he would be committing a criminal offence, punishable by imprisonment or a fine or both.

“The Board is not aware that Mr King either has such leave or comes within any of the other limited exceptions to S.216.”

[CropleyWasGod]

:greengrin Thats it get the rozzers in,

Is that you back from South America?

Fraid so. :rolleyes:

[PatHead]

Is one of the others not Paul Murray who is not allowed to be a Director of a Scottish Football Club as he was a director of Rangers under David Murray and Whyte. He is therefore banned for a minimum of 3 years from being a Director of a football club which will not expire until the summer.

BTW does anyone know what he does because he never puts money up, just hangs about like a bad smell under anyone that will have him.

Think his defence at the time was something like "I asked for paperwork but they wouldn't give it to me so I stayed to keep an eye on things, it wisnae me I just took the benefits going"

So it is 5 years according to the other articles. Presume they will just ignore that and believe if they shout loud enough all the problems will go away.

[PatHead]

Fraid so. :rolleyes:

Oh well, at least you are here to keep the masses up to date with happenings at Castle Greyskull. You don't need sun or interesting places for that.

[Smartie]

Much will depend on who is on the SFA panel.
Rod Petrie has a history of wanting to boot Rangers in the nuts. Undoubtedly Peter Lawell would vote cynically for King out of his own club's self interest.

If the SFA don't allow Dave King to serve on the board he'll just appoint 'his man' to run the club but everyone knows who'll be running the show.
Dermot Desmond, a tax exile in Gibraltar/Barbados, is majority shareholder in Celtic and although he doesn't run the club or serve on the board he makes a lot of decisions for them. For all his tax issues in South Africa, Dave King's biggest business client is still the South African government. It's far from cut & dried.

Seriously? That's mental if true.

What exactly is Dave King's business? I've never heard it mentioned.

And what exactly makes him interested in Rangers?

He seems to have a few quid, made in South Africa. Is he originally from Scotland?

[brog]

Hun at work told me this morning that the reason Mccoist is still there is the 12 month rolling contract he was on stipulated that if either party wanted it ended early there was a penalty clause meaning the party ending the contract had a significant compensation payment to make, both sides are refusing to budge on it hence the current stand off (and happily for the, the Rangers it makes Mccoist look bad)

Any of you financial types know if that's plausible? Matey seemed adamant about it. :dunno:

It was widely reported as this at the time Sally headed for his garden so I would assume it's true.

[Just Alf]

It was widely reported as this at the time Sally headed for his garden so I would assume it's true.

Ah right, I'd missed that.... Everything I hear is just their fans moaning big time that Ally is sticking around taking money out their club instead of just pissing off :agree: ..... Surely if they were aware they'd know he wasn't the leech they're painting him as :greengrin

[Mikey09]

Anyone who thinks the SFA are gonna stop King in any way are kidding themselves on.... They are the most incompetent bunch I have ever had the displeasure of meeting. They won't have the balls to step in.

[portycabbage]

He has only mentioned the SA angle. He hasn't mentioned the UK bit, which is much more important.

“his appointment would be in breach of section 216 of the Insolvency Act 1986...

...if he were to become a director of the Company without such leave then, unless he fell within one of the limited exceptions, he would be committing a criminal offence, punishable by imprisonment or a fine or both.

“The Board is not aware that Mr King either has such leave or comes within any of the other limited exceptions to S.216.”

I take it that's from the current boards statement? How likely is it that King risks those sanctions if he gets voted in? Seems crazy that there's a vote to elect 2 people that can't really be directors, partly to replace 2 directors that can't really be replaced under the SD loan conditions.

P.s. I was hoping for some more info in this bbc article but it just says-

"As part of this agreement, Sports Direct are entitled to appoint two directors until the loan has been repaid, but no new directors have been appointed."
http://www.bbc.co.uk/sport/0/football/31524925

Surely the plan is just to re-elect his current two directors?

[Jim44]

Anyone who thinks the SFA are gonna stop King in any way are kidding themselves on.... They are the most incompetent bunch I have ever had the displeasure of meeting. They won't have the balls to step in.

Incompetence doesn't come into it. Fear is the reason. They are terrified of both Rangers and Celtic clubs and supporters.

[grunt]

RangersMedia ‏@RangersMedia 8h8 hours ago (https://twitter.com/RangersMedia/status/568179479249620992) Derek Llambias has tonight disbanded the Rangers Fans Board

[ScottB]

RangersMedia ‏@RangersMedia 8h8 hours ago (https://twitter.com/RangersMedia/status/568179479249620992) Derek Llambias has tonight disbanded the Rangers Fans Board

Wasn't that the lot who released details of a confidential meeting they had with Llambias? Sure they released a statement yesterday saying they expected to be disbanded for doing so...

[CropleyWasGod]

Anyone who thinks the SFA are gonna stop King in any way are kidding themselves on.... They are the most incompetent bunch I have ever had the displeasure of meeting. They won't have the balls to step in.

As has been said, though, it's less about the SFA and more about the law.

[Spike Mandela]

He seems pretty confident....

http://www.telegraph.co.uk/sport/football/teams/rangers/11402097/Rangers-news-Dave-King-supplies-evidence-to-pass-fit-and-proper-test.html

He may seem pretty confident but in the words of a South African judge.....

“The court are unanimous in finding that he [King] is a mendacious witness whose evidence should not be accepted on any issue unless it is supported by documents and other objective evidence. It was remarkable that King showed no sign of embarrassment or any emotion when he conceded that he had lied to the (Sars) commissioner in a number of his income tax returns. In our assessment, he is a glib and shameless liar.”

[CropleyWasGod]

I take it that's from the current boards statement? How likely is it that King risks those sanctions if he gets voted in? Seems crazy that there's a vote to elect 2 people that can't really be directors, partly to replace 2 directors that can't really be replaced under the SD loan conditions.

P.s. I was hoping for some more info in this bbc article but it just says-

"As part of this agreement, Sports Direct are entitled to appoint two directors until the loan has been repaid, but no new directors have been appointed."
http://www.bbc.co.uk/sport/0/football/31524925

Surely the plan is just to re-elect his current two directors?

It's from the Board's statement, but it reflects the law as I understand it. The interesting part for me is that, although King has said he is entitled to serve on the Board under SA law, he hasn't responded to the bit about UK law.

[Deansy]

Incompetence doesn't come into it. Fear is the reason. They are terrified of both Rangers and Celtic clubs and supporters.

Although I agree there is an element of 'Fear', I think the largest factor with the GFA is 'Corruption'!

[southern hibby]

It's from the Board's statement, but it reflects the law as I understand it. The interesting part for me is that, although King has said he is entitled to serve on the Board under SA law, he hasn't responded to the bit about UK law.

Now I'm clutching at straws here as I know absolutely nothing about business law etc and how it works, but could he just move the head office to another country ( let's say South Africa ) for instance and then British Law couldn't do a thing about it? Also would he then have less tax to pay as the head office isn't I'n the uk etc.

GGTTH

[CropleyWasGod]

Now I'm clutching at straws here as I know absolutely nothing about business law etc and how it works, but could he just move the head office to another country ( let's say South Africa ) for instance and then British Law couldn't do a thing about it? Also would he then have less tax to pay as the head office isn't I'n the uk etc.

GGTTH

The company that owns the club is registered in the UK, as is the company that owns that company. It wouldn't matter where the "head office" is located.

[Spike Mandela]

Ashley tightens his grip on retail......

http://www.heraldscotland.com/news/home-news/confirmed-mike-ashley-is-the-new-rangers-retail-ruler-with-security-over-club-tradema.118843843

[Onion]

Ashley tightens his grip on retail......

http://www.heraldscotland.com/news/home-news/confirmed-mike-ashley-is-the-new-rangers-retail-ruler-with-security-over-club-tradema.118843843

That's a powerful hold he has on the club :greengrin. Wonder if this includes "the Huns", "Dirty Bluesnoses", "Zombies", "NewHuns", "succulent lamb", "we don't do walking away", "these people should be named" ?

[southern hibby]

The company that owns the club is registered in the UK, as is the company that owns that company. It wouldn't matter where the "head office" is located.

Cheers, there was me thinking of how I would get round the law if I was him and I couldn't even get that right lol. As I said I don't have a clue about all this business law.

GGTTH

[Newry Hibs]

A (good?) summary of the EGM and the protagonists.
http://www.bbc.co.uk/sport/0/football/31524925

[Iain G]

A (good?) summary of the EGM and the protagonists.
http://www.bbc.co.uk/sport/0/football/31524925

I cant understand why anyone would want two of the directors who are responsible for this mess in the first place to be in charge of the new the the Rangers? Are King and Murray not as culpable as Murray, Whyte, Green etc? At least Ashley seems to have some concept of running things and also running rings around these amateurs.

[Onion]

A (good?) summary of the EGM and the protagonists.
http://www.bbc.co.uk/sport/0/football/31524925

Good summary. Looks like King might scrape a win on pens. But that'll be just the start of more fun and games down Hunbrox way. This is not even the end of the beginning.

[Bostonhibby]

A (good?) summary of the EGM and the protagonists.
http://www.bbc.co.uk/sport/0/football/31524925

So, if it all goes to the "the rangers mens" plan

- they will have at least 2 directors who would be illegally on the board of a UK company and banned from holding the directorships,

- they would be at the mercy of when big Mike wants his loans repaid,

- they would have key assets still secured to big Mike,

- they will never be the main beneficiaries of merchandising profits,

- they will not own the right to use their club badge or other recognised "the rangers" brand images,

- they have an £8m or so loss to date,

- they have more tax and NI looming

Where's my cheque book? - Craig Whytes £1 purchase price looks generous.

On the plus side I don't think there is anything stopping them using all those stars on the shirt so a new badge design should be easy (unless the deal with Ashley ties the badge he owns to the strip :greengrin) Its not as if the rangers have much tradition to worry about, a few costly lower league titles and one victory over Hibs in a cup tie isn't worth putting on a badge.

[Deansy]

If King wins I fully expect an influx of top-quality players on out-of-this-world wages - and no-one will ask (especially our MSM) where the money's coming from until the next administration. The Hun are big on 'Tradition' and theirs is cheating.

[portycabbage]

So, if it all goes to the "the rangers mens" plan

- they will have at least 2 directors who would be illegally on the board of a UK company and banned from holding the directorships,

- they would be at the mercy of when big Mike wants his loans repaid,

- they would have key assets still secured to big Mike,

- they will never be the main beneficiaries of merchandising profits,

- they will not own the right to use their club badge or other recognised "the rangers" brand images,

- they have an £8m or so loss to date,

- they have more tax and NI looming

Where's my cheque book? - Craig Whytes £1 purchase price looks generous.

On the plus side I don't think there is anything stopping them using all those stars on the shirt so a new badge design should be easy (unless the deal with Ashley ties the badge he owns to the strip :greengrin) Its not as if the rangers have much tradition to worry about, a few costly lower league titles and one victory over Hibs in a cup tie isn't worth putting on a badge.

They will also be in violation of the Ashley loan conditions if they vote his directors off and don't allow him to put them straight back in.

[Bostonhibby]

They will also be in violation of the Ashley loan conditions if they vote his directors off and don't allow him to put them straight back in.

:aok: Keep em coming :greengrin

[greenginger]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12256028.html

So its Friday 6th March for the gunfight at the OK Corral. :greengrin

[Spike Mandela]

Hmm, answers to shareholders from questions to Dave King( a glib and shameless liar), about his intentions going forward.

Not spin from the Daily Record but direct answers required for scrutiny. This should be a hoot.

[Liberal Hibby]

They will also be in violation of the Ashley loan conditions if they vote his directors off and don't allow him to put them straight back in.

Isn't the condition of the loan that Ashley nomnates two directors not these particular two? He could nominate alternatives.

[Bostonhibby]

Isn't the condition of the loan that Ashley nomnates two directors not these particular two? He could nominate alternatives.

Am thinking Vladimir Romanov and Carson Yeung could do a job for him.

[Deansy]

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12256028.html

So its Friday 6th March for the gunfight at the OK Corral. :greengrin


No doubt the SMSM will be all over this and no doubt their 'fans' (Neanderthals) will belt out their usual repertoire of bigoted/sectarian hymns - equally no doubt the SMSM/SFA won't hear it !

[Springbank]

Will that tent be erected again?

[bighairyfaeleith]

Isn't the condition of the loan that Ashley nomnates two directors not these particular two? He could nominate alternatives.

Could put craig whyte on the board:greengrin

[greenginger]

Could put craig whyte on the board:greengrin


No , he's banned for the same reason as Dave King ! :greengrin

[Bostonhibby]

No , he's banned for the same reason as Dave King ! :greengrin

Statistically you'd think it would be harder to find someone who is banned than to find someone to join your board who isn't a criminal, fraudster, tax dodger etc...........but the new boys seem to attract them like flies to a turd. They really haven't got off to a very good start for such a new club.

[portycabbage]

Isn't the condition of the loan that Ashley nomnates two directors not these particular two? He could nominate alternatives.

I'm assuming he'll go with same guys and that he'll want to get them back in if voted off, but I think you're right on the loan conditions.

[Jim44]

All this talk about what Ashley is going to do and what he's not going to do might be irrelevant. If King gets in with his mob, the SFA might just grow some and knock Ashley off his pedestal in order to make life easier for the new management to succeed and get them back to the top flight which is a priority for the SFA blazers.

[greenginger]

All this talk about what Ashley is going to do and what he's not going to do might be irrelevant. If King gets in with his mob, the SFA might just grow some and knock Ashley off his pedestal in order to make life easier for the new management to succeed and get them back to the top flight which is a priority for the SFA blazers.


At the beginning of the year Ashley wanted to increase his stake in Rangers but the SFA said no, because he had agreed to limit his stake to 10%.

Was the knock-back because this was the agreement or to leave the door open for others ?

If King wins the vote , Ashley will revert to a minority shareholder with a commercial deal with the club. But will the SFA and the courts approve King as a Director of Rangers ?

The SFA might like to see a Rangers controlled by the Three Bears , with Ashley and King out of the picture.

Trouble could be , King wins and not allowed to be a director , only 2 new directors appointed.

Motion is to empty all 4 current directors , but the loan agreement allow Ashley to appoint 2 new directors.

Result, board split 2 Vs 2, happy days :cb

[Bostonhibby]

At the beginning of the year Ashley wanted to increase his stake in Rangers but the SFA said no, because he had agreed to limit his stake to 10%.

Was the knock-back because this was the agreement or to leave the door open for others ?

If King wins the vote , Ashley will revert to a minority shareholder with a commercial deal with the club. But will the SFA and the courts approve King as a Director of Rangers ?

The SFA might like to see a Rangers controlled by the Three Bears , with Ashley and King out of the picture.

Trouble could be , King wins and not allowed to be a director , only 2 new directors appointed.

Motion is to empty all 4 current directors , but the loan agreement allow Ashley to appoint 2 new directors.

Result, board split 2 Vs 2, happy days :cb

:agree: And just because SFA have their own wee set of flexible rules I am not so sure that company law prevents anyone (who is not already banned!) from buying up as much as they like of a UK listed company - like the rangers.

So Ashley could actually call the SFA's bluff potentially by going for more shares - the existing "loyal" shareholders could of course bleat no surrender, or not do walking away but there could well be some in there who will fancy a profit - up to Ashley really and his aims are not that clear at the moment.

[southsider]

Looks like the knives are out for big Mike but hey, you don't take a knife to a gunfight.

[Keith_M]

Just a thought but, if King is disbarred from being a Director, there's nothing to stop him having a controlling share in the Clumpany and appointing a stooge to represent his interests on the Board.... a bit like Romanov at Hearts.

[greenginger]

Just a thought but, if King is disbarred from being a Director, there's nothing to stop him having a controlling share in the Clumpany and appointing a stooge to represent his interests on the Board.... a bit like Romanov at Hearts.


Two things with that,

That would make King a shadow director, and could still find himself in trouble from the Courts at least.

King is an egotist, he will want his name up there in lights if he is putting money/effort into reviving the corpse of RFC.

[jonty]

http://www.bbc.co.uk/sport/0/football/31565781
Rangers fans reported over singing naughty songs.

Is it just me that thinks that The Rangers might struggle to finish fourth? :cb

[Jim44]

http://www.bbc.co.uk/sport/0/football/31565781
Rangers fans reported over singing naughty songs.

Is it just me that thinks that The Rangers might struggle to finish fourth? :cb

I think you'll be in a minority there. Sevco will easily be be in the top four and will still be strong favourites for second place. They're the ones we'll have to beat for the playoff final. If we can beat them I'm sure we'll go on to beat the Premiership team to get promotion.

[PatHead]

http://www.bbc.co.uk/sport/0/football/31565781
Rangers fans reported over singing naughty songs.

Is it just me that thinks that The Rangers might struggle to finish fourth? :cb

The only thing that will happen there is that the guy who reported it will get into trouble

[bathhibby]

Stan Collymore ‏@StanCollymore 2m2 minutes ago
So the ex RUC officer who #CFC want info on and pushed the guy off the train..

Is indeed a Rangers & Chelsea fan.

Vindication complete.
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[Cropley10]

:agree: I hope it is king, the clamour for him makes no sense at all -they quickly turned on Whyte then Green, both of whom were unknown quantities but potentially dodgy - the rest is history, including the love ins.

Here we have a guy where there is no doubt about his criminality, Ashley is many things as he is an accomplished and ruthless businessman - free of everything that goes with all of the aforementioned.

Really looking forward to how they get round the fit and proper person issue, as well as that associated with previously being a director of the now defunct Glasgow rangers.

Now I might have got this completely wrong but I thought that Directors of liquidated businesses were prevented for 5 years from being a Director of another company???

If so then what does King intend to do? Break the Law?

[Bostonhibby]

Now I might have got this completely wrong but I thought that Directors of liquidated businesses were prevented for 5 years from being a Director of another company???

If so then what does King intend to do? Break the Law?

You are definitely right. I was doing this in stages - my first hope is that if the anti Ashley boys rally behind King and he gets enough votes for his motion then the situation you highlight is what should arise. How will the SPFL or anyone else get around that?

The rangers - the club that keep on giving.

[HoboHarry]

You are definitely right. I was doing this in stages - my first hope is that if the anti Ashley boys rally behind King and he gets enough votes for his motion then the situation you highlight is what should arise. How will the SPFL or anyone else get around that?

The rangers - the club that keep on giving.
It seems curious to me that the SFA haven't warned King off for that very reason given that they warned off Ashley from increasing his stake.....

[Bostonhibby]

It seems curious to me that the SFA haven't warned King off for that very reason given that they warned off Ashley from increasing his stake.....

It should be a no brainer for them, as by any stretch of the rules he is banned - by the SFA themselves and UK company law regardless - theres every chance the SFA have given him the nod that another revision of the rules will occur, otherwise why is he still pushing for more control / power?

On the UK company law front my understanding is that if Ashley got his hands on even more shares it might not fit the football rules but he isn't actually breaking any company law by doing so - maybe he fancies blazing a trail by taking the blazers on? I defer to any better informed experts as not really my area.

[HoboHarry]

It should be a no brainer for them, as by any stretch of the rules he is banned - by the SFA themselves and UK company law regardless - theres every chance the SFA have given him the nod that another revision of the rules will occur, otherwise why is he still pushing for more control / power?

On the UK company law front my understanding is that if Ashley got his hands on even more shares it might not fit the football rules but he isn't actually breaking any company law by doing so - maybe he fancies blazing a trail by taking the blazers on? I defer to any better informed experts as not really my area.
The SFA have no control over the law - it doesn't matter what rules they change.

[Saturday Boy]

It should be a no brainer for them, as by any stretch of the rules he is banned - by the SFA themselves and UK company law regardless - theres every chance the SFA have given him the nod that another revision of the rules will occur, otherwise why is he still pushing for more control / power?

On the UK company law front my understanding is that if Ashley got his hands on even more shares it might not fit the football rules but he isn't actually breaking any company law by doing so - maybe he fancies blazing a trail by taking the blazers on? I defer to any better informed experts as not really my area.

I always wanted to get a post in before CWG and Cav. :greengrin The SFA won't do anything here yet, nobody has broken any rules. Including flexible ones.

[HoboHarry]

I always wanted to get a post in before CWG and Cav. :greengrin The SFA won't do anything here yet, nobody has broken any rules. Including flexible ones.
What I was asking was why the SFA hadn't warned King off like he did with Ashley?

[Bostonhibby]

The SFA have no control over the law - it doesn't matter what rules they change.

:agree: Yet Craig Whyte got the Ibrox Gig - it was more subjective then as all under the SFA control, here the original issue remains valid - WTF is King doing if his criminal convictions mean he doesn't even pass the SFA test?

[CropleyWasGod]

Now I might have got this completely wrong but I thought that Directors of liquidated businesses were prevented for 5 years from being a Director of another company???

If so then what does King intend to do? Break the Law?

Not entirely true.

They are banned from directorships of companies that have similar names. So, he and Murray are stuffed anyway :greengrin

[Bostonhibby]

What I was asking was why the SFA hadn't warned King off like he did with Ashley?

Is it because he is the rangers minded?

[HoboHarry]

:agree: Yet Craig Whyte got the Ibrox Gig - it was more subjective then as all under the SFA control, here the original issue remains valid - WTF is King doing if his criminal convictions mean he doesn't even pass the SFA test?
My point is that what the SFA think or do isn't relevant. The law of the land prevents him becoming a director does it not?

[Bostonhibby]

I always wanted to get a post in before CWG and Cav. :greengrin The SFA won't do anything here yet, nobody has broken any rules. Including flexible ones.

:thumbsup: Ashley isn't breaking any company law regardless and King &co aren't unless they get their version of control so all hypothetical until they all get together in the big tent at Ibrox.

[Bostonhibby]

My point is that what the SFA think or do isn't relevant. The law of the land prevents him becoming a director does it not?

Yep, I have been a company director so you wont find me saying any different, just incredulous that they carry on regardless. King wins the day at the meeting of shareholders and the SFA have a live issue if they haven't acted earlier to stop him doing what he is doing.

[Saturday Boy]

:thumbsup: Ashley isn't breaking any company law regardless and King &co aren't unless they get their version of control so all hypothetical until they all get together in the big tent at Ibrox.

Thanks for this. For a few minutes I was thinking I was "over thinking" , my current phrase of the moment. :aok:

[Bostonhibby]

Thanks for this. For a few minutes I was thinking I was "over thinking" , my current phrase of the moment. :aok:

:greengrin I didn't get to where I am today by over thinking!

[Keith_M]

Only vaguely related to this thread but, anyway......


On a tour of the Allianz Arena today, the Tour Guide explained why one corridor we walked through was painted Orange. She said that Orange is "the internationally recognised colour for Sports Journalists".


And we thought it was just Scotland :wink:

[CropleyWasGod]

It seems curious to me that the SFA haven't warned King off for that very reason given that they warned off Ashley from increasing his stake.....

The last time this was in the media, Regan (or maybe DK)went on record as saying that the SFA had had a meeting with DK. Don't think he disclosed the content. However, he did go on Sportsound and set out the procedure.

1. DK becomes a director.

2. RFC disclose that to the SFA, together with a declaration of "fit and proper".

3. SFA decide if he is "f&p".

4. if not, they take action.

In other words, there's SFA the SFA can do until he's appointed.

[HoboHarry]

The last time this was in the media, Regan (or maybe DK)went on record as saying that the SFA had had a meeting with DK. Don't think he disclosed the content. However, he did go on Sportsound and set out the procedure.

1. DK becomes a director.

2. RFC disclose that to the SFA, together with a declaration of "fit and proper".

3. SFA decide if he is "f&p".

4. if not, they take action.

In other words, there's SFA the SFA can do until he's appointed.

I wasn't really meaning official action. I am just wondering why, if he is barred by law from becoming a director, they haven't had a quiet word with him? If he is barred by law then it doesn't make a blind bit of difference what decision the SFA come up with in regard to being a fit and proper person... Or am I missing something?

[CropleyWasGod]

I wasn't really meaning official action. I am just wondering why, if he is barred by law from becoming a director, they haven't had a quiet word with him? If he is barred by law then it doesn't make a blind bit of difference what decision the SFA come up with in regard to being a fit and proper person... Or am I missing something?

Not missing anything, I think.

Other than what appears to be DK's tendency to run rough-shod over any laws and regulations, and deal with the consequences later.:greengrin

[Bostonhibby]

I wasn't really meaning official action. I am just wondering why, if he is barred by law from becoming a director, they haven't had a quiet word with him? If he is barred by law then it doesn't make a blind bit of difference what decision the SFA come up with in regard to being a fit and proper person... Or am I missing something?

I see your point, You should be right about the SFA but they are that inward looking and reactive to events that it wouldn't surprise me if they've told Dodgy Dave that so long as he can fiddle a way round UK company law, they will hide behind that, thus keeping the rangers horde happy for now and giving the SFA a cop out either way.

[HoboHarry]

Not missing anything, I think.

Other than what appears to be DK's tendency to run rough-shod over any laws and regulations, and deal with the consequences later.:greengrin
Now that would be fun to watch. My money would be on the the crusty old guy in the wig.......... :greengrin

[Ronniekirk]

I wasn't really meaning official action. I am just wondering why, if he is barred by law from becoming a director, they haven't had a quiet word with him? If he is barred by law then it doesn't make a blind bit of difference what decision the SFA come up with in regard to being a fit and proper person... Or am I missing something?
From memory there were Reports the King had met privately with Reagan to talk through some issues so you have to assume that he would have been looking to see what S F A position would be further down the line if certain situations arose .more recently Ashley's Lawyers were able to speak with S F. A S Lawyers in preparation for the Hearing that was put back till March .Presumably we will never get any detail of these meetings re what was discussed ,but if there are any loop holes or ways to interpret rules in different ways both King and Ashley must know what they think they can get away with as a result of these meetings

[Ozyhibby]

I actually think the SFA might have to play this by the book and knock King and Murray back. The last thing they want is a visit from Mike Ashley's lawyers asking why he is prevented from taking a place on the board because of one rule but other rules are ignored to allow King in.
Although trying to predict anything with the SFA or New Rangers is a mugs game.

[southern hibby]

Not entirely true.

They are banned from directorships of companies that have similar names. So, he and Murray are stuffed anyway :greengrin

So a company that has claimed to every fool who will listen THAT THEY ARE THE SAME CLUB and nothing changed couldn't possibly have king I'n charge then as that would obviously mean they are very very different entity.

GGTTH

[CropleyWasGod]

So a company that has claimed to every fool who will listen THAT THEY ARE THE SAME CLUB and nothing changed couldn't possibly have king I'n charge then as that would obviously mean they are very very different entity.

GGTTH
You're missing the point. :)

It's nothing to do with the new club/same club argument. It's to do with the name.

[Deansy]

Reagan, Doncaster & Co must be on fantastic money considering the amount of stress ONE club has continually caused them (and the entire game) over the last 3-4 years - it's surprising one or both haven't wrapped by now. They must be getting some tremendous 'support' from somewhere ..........

Either way, the SFA will be forced to address this issue sooner, rather than later and, going by their previous 'form', I fully expect their decision will be a totally immoral, cowardly and outrageous one !!

[greenginger]

You're missing the point. :)

It's nothing to do with the new club/same club argument. It's to do with the name.

Yeah, but they could get round it by calling themselves Sevco F C. and Sevco International F C.

[southern hibby]

You're missing the point. :)

It's nothing to do with the new club/same club argument. It's to do with the name.

I understand that, but that's what I'm on about ( sarcastically ) they say it's still rangers not the rangers.

GGTTH

[grunt]

1. DK becomes a director.

2. RFC disclose that to the SFA, together with a declaration of "fit and proper".

3. SFA decide if he is "f&p".

4. if not, they take action.In any system anywhere, I'd have to say that's a daft way to go about something. To let something happen then decide if they want to allow it. Especially in this case when it's in the papers every day. The SFA should get off its behind and proactively comment on the stuff in the media.

[Viva_Palmeiras]

In any system anywhere, I'd have to say that's a daft way to go about something. To let something happen then decide if they want to allow it. Especially in this case when it's in the papers every day. The SFA should get off its behind and proactively comment on the stuff in the media.

Like the Hearts takeover? Buffoons the lot o them.

[Jim44]

In any system anywhere, I'd have to say that's a daft way to go about something. To let something happen then decide if they want to allow it. Especially in this case when it's in the papers every day. The SFA should get off its behind and proactively comment on the stuff in the media.

Possession is 9/10 ths of the law.

[Granton Stanton]

Good in depth discussion on Spanish TV re current situation with The Rangers

https://www.youtube.com/watch?v=sMF5RnCelFE&feature=youtu.be&app=desktop

[bringbackbenny]

Telegraph preview of friday fixture! Yet another boycott on the cards?

http://www.telegraph.co.uk/sport/football/11354357/live-football-tv-this-week.html


Our weekly chance to check on what chaotic nonsense has befallen Rangers and what havoc Mike Ashley has managed to wreak north of the border in the last seven days carries us to a Friday night in Falkirk. Inevitably all the coverage, and most of the crowd, will be interested in the UK's most farcical club (settle down fans of Leeds and QPR, you've got nothing on these guys) but spare a thought for Falkirk who used to yo-yo up and down out of this league quite a bit before they suddenly found Hearts, Hibs and Billy Smart's Travelling Circus joining them at the second tier.
Currently fifth, Falkirk have a great chance to claim a famous win here given how abysmally Rangers are playing football, conducting their business, treating their wives, tending to their gardens, behaving on the way home from the pub and everything else besides.

[Malthibby]

Telegraph preview of friday fixture! Yet another boycott on the cards?

http://www.telegraph.co.uk/sport/football/11354357/live-football-tv-this-week.html


Our weekly chance to check on what chaotic nonsense has befallen Rangers and what havoc Mike Ashley has managed to wreak north of the border in the last seven days carries us to a Friday night in Falkirk. Inevitably all the coverage, and most of the crowd, will be interested in the UK's most farcical club (settle down fans of Leeds and QPR, you've got nothing on these guys) but spare a thought for Falkirk who used to yo-yo up and down out of this league quite a bit before they suddenly found Hearts, Hibs and Billy Smart's Travelling Circus joining them at the second tier.
Currently fifth, Falkirk have a great chance to claim a famous win here given how abysmally Rangers are playing football, conducting their business, treating their wives, tending to their gardens, behaving on the way home from the pub and everything else besides.

:greengrin I detest the Telegraph's politics, but that's funnnae.
GG

[Spike Mandela]

:greengrin I detest the Telegraph's politics, but that's funnnae.
GG

Hope that journalist isn't on twitter. The Ibrox 'brown shirts' will be mobilising as we speak.:greengrin

[Bostonhibby]

Hope that journalist isn't on twitter. The Ibrox 'brown shirts' will be mobilising as we speak.:greengrin

Isn't there a journo who is a Hibby at the Telegraph? I seem to recall an article before one of the two recent cup finals where he wrote about the roller coaster of following Hibs. I dont think it was this guy though.

[CapitalGreen]

Isn't there a journo who is a Hibby at the Telegraph? I seem to recall an article before one of the two recent cup finals where he wrote about the roller coaster of following Hibs. I dont think it was this guy though.

Alan Tyres - wrote a good article after we were relegated.

[Smartie]

Alan Tyres - wrote a good article after we were relegated.

Presumably he was feeling a bit deflated at the time?

[Spike Mandela]

Presumably he was feeling a bit deflated at the time?

:greengrin Tube! :cb

[Bostonhibby]

Alan Tyres - wrote a good article after we were relegated.

:thumbsup: That's the one - found it, thanks.

http://www.alantyers.com/archives/659

[Jack]

Telegraph preview of friday fixture! Yet another boycott on the cards?

http://www.telegraph.co.uk/sport/football/11354357/live-football-tv-this-week.html


Our weekly chance to check on what chaotic nonsense has befallen Rangers and what havoc Mike Ashley has managed to wreak north of the border in the last seven days carries us to a Friday night in Falkirk. Inevitably all the coverage, and most of the crowd, will be interested in the UK's most farcical club (settle down fans of Leeds and QPR, you've got nothing on these guys) but spare a thought for Falkirk who used to yo-yo up and down out of this league quite a bit before they suddenly found Hearts, Hibs and Billy Smart's Travelling Circus joining them at the second tier.
Currently fifth, Falkirk have a great chance to claim a famous win here given how abysmally Rangers are playing football, conducting their business, treating their wives, tending to their gardens, behaving on the way home from the pub and everything else besides.

That's a beauty!

After the years of lip syncing between the SMSM, the SFA and all forms of zombies it would seem, now that Ashley is involved, for better or for worse, some media outlets are honing in.

SFA will be twitching lol.

[jacomo]

:greengrin Tube! :cb

Tubeless. :cb

[blindsummit]

:greengrin Tube! :cb

Tread carefully now :greengrin

[grunt]

Doncaster responds to allegations of sectarian chanting from the Rangers fans


It remains the SPFL's position that if it can be established that clubs have done everything required in overall management of the event pre-match, during the game and post-match then they have no case to answer....

[Bostonhibby]

Doncaster responds to allegations of sectarian chanting from the Rangers fans
Like being savaged by a sponge

[Phil D. Rolls]

Alan Tyres - wrote a good article after we were relegated.

It seems Tom Farmer has no shortage of tyres. :rolleyes:

I'll get my complimentary cappucinno. :offski:

[FranckSuzy]

Like being savaged by a sponge

:faf:

[Spike Mandela]

Staggeringly blatant and biased headline on back page of Daily Record today. Despite a probe in to their sectarian singing this is the headline.......

14432

You couldn't make it up:greengrin

[grunt]

14432


Not that I'm in any way a supporter of his, but Phil McG said on Twitter that the racist chanting was included in the match report - contrary to what the Record say.


Phil MacGiollaBhain @Pmacgiollabhain · 3h 3 hours ago (https://twitter.com/Pmacgiollabhain/status/570211466877521920)I just checked back with sources VERY close to the action. The racist abuse of @StanCollymore (https://twitter.com/StanCollymore) WAS in the match report.

[Bostonhibby]

Staggeringly blatant and biased headline on back page of Daily Record today. Despite a probe in to their sectarian singing this is the headline.......

14432

You couldn't make it up:greengrin
It's official, the rangers are not sectarian bigots, that was the now defunct Glasgow rangers presumably.

[NorthNorfolkHFC]

@SkySportsNewsHQ: BREAKING: James Easdale resigns as a director at @RangersFC. #SSNHQ


"A friend of mine once said he liked his women like his parmesan: strong smelling and shaved"

[Don Giovanni]

@SkySportsNewsHQ: BREAKING: James Easdale resigns as a director at @RangersFC. #SSNHQ


"A friend of mine once said he liked his women like his parmesan: strong smelling and shaved"

Hmmmm.... thats a tough yin.

I can't decide whether he's a rat deserting a sinking ship or he's been forced to walk the plank?

[bingo70]

@SkySportsNewsHQ: BREAKING: James Easdale resigns as a director at @RangersFC. #SSNHQ


"A friend of mine once said he liked his women like his parmesan: strong smelling and shaved"

Is there any significance in that? Is he one of Ashleys men?

[GordonHFC]

Hmmmm.... thats a tough yin.

I can't decide whether he's a rat deserting a sinking ship or he's been forced to walk the plank?

A rat who has been forced to walk the plank?

[Springbank]

Is there any significance in that? Is he one of Ashleys men?

Im not a great believer in coincidences - yesterday the rangers fans trust bought up loads more shares, from one of the investment houses that easedale held proxy votes with.

fewer proxy votes = greater chance of losing = he's done the maths & doesn't want to be in the wee teepee on the pitch when the votes are counted

[CallumLaidlaw]

My Rangers supporting colleague said to me yesterday that the directors would start to get wind of the direction of the proxy so would start to resign before the EGM has taken place. Looks like he's just the first.