Including only those who could get the same money anywhere else will narrow it down a lot more.Quote:
Originally Posted by CallumLaidlaw
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Including only those who could get the same money anywhere else will narrow it down a lot more.Quote:
Originally Posted by CallumLaidlaw
Really clever of The Rangers board, Mccoist won't be at the AGM and has to keep his gob shut or he'll lose any pay off.
Especially if he was the sole reason your pal Kenny chose not to come home! :na na:Quote:
Originally Posted by Thecat23
My thoughts exactly [emoji1]Quote:
Originally Posted by TheFamous1875
Sent from my iPhone using Tapatalk
First thought that came to mind when I read the news on BBC was
What credibility do Rangers and McCoist have left if any ?
They are stumbling towatds being a club in " freefall"
Still hearing Butchers favourite TCQuote:
Originally Posted by Thecat23
Attachment 13879Attachment 13879 quite a funny headline from the Record!
Whit? They've just advanced to the Hibs plan of sacking a manager shortly before the agm. Surely not stumbling at all if Petrie's advising them:greengrinQuote:
Originally Posted by jdships
I've no inside info on this I'm just passing on what Kenny said tonight that he'd heard Davis is fav and couple of the Rangers lads also heard the same!Quote:
Originally Posted by hibees 7062
Be great if Butcher got it though [emoji1]
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Exactly , must be finished his garden by nowQuote:
Originally Posted by Thecat23
If not fat Sally can finish it off!!
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The panto continues today with the AGM:
Chris McLaughlin @BBCchrismclaug22m22 minutes ago#Rangers chairman David Somers will tell shareholders at AGM: there exists anti Rangers feeling perhaps in scottish football establishment.
Douglas Fraser @BBCDouglasF1m1 minute ago#Rangers chairman David Somers to spell out need for cost-cutting at AGM today. His speech has conspicuous lack of thanks to Ally McCoist
Chris McLaughlin @BBCchrismclaug33s33 seconds ago
Somers: had to deal with legacy issues. Lack of appetite from shareholders to invest just to pay wages and utility bills. #Rangers
Douglas Fraser @BBCDouglasF10m10 minutes ago#Rangers shareholders gather at Ibrox with share price at 18p, down from 26p in a month, from 93p in 2 yrs
Chris McLaughlin @BBCchrismclaug5m5 minutes agoSomers: #Rangers can only spend what it earns. Living beyond means for many years. This should have been addressed by previous boards.
Douglas Fraser @BBCDouglasF2m2 minutes ago
#Rangers chairman: "living beyond its means for years: cost cutting and efficiency should have been addressed years ago, in lower divisions"
So... Rangers problems due to club living beyond its means, but let's blame 'anti-Rangers' feeling?Quote:
Originally Posted by grunt
Of course there's anti rangers feeling within Scottish football. That's because they're horrible ****s.
Genuine laugh out loud moment there! Please don't mince your words in future! :wink:Quote:
Originally Posted by bingo70
http://www.londonstockexchange.com/e.../12192436.html
The Sevco statement to the AGM. Love the second last para.
" ...... we cannot expect any help from outside Ibrox. We will have to do it by ourselves. "
Not enough dodgy Ref decision going their way this season ! :greengrin
http://en.wikipedia.org/wiki/Kenny_McDowall
I also never realised their new manager had been a coach at Parkhead for 10 years.
Most of their current crowd are from parts of N.ireland and many of their Scottish based fans wear England tops. And they struggle with their unpopularity. Ho ho ho. Looking like the newest team in Scotland is heading back to the sewer again like its now defunct predecessorQuote:
Originally Posted by bingo70
Surely these fools won't fall for the "no one likes us , we don't care" siege mentality trick that Charles Green pulled.........again. They can't be that stupid, can they?Quote:
Originally Posted by grunt
Just seen this on twitter. Nice wee cosy, intimate setting...
Attachment 13880
The phrase of the day must be "legacy issues".
9 mentions in the Rangers statement, 7 in the one paragraph!
If theres any way possible to waste cash then the the rangers will. Lets rent a tent and pay someone to put it on the pitch rather than use a conference room.Quote:
Originally Posted by TowerHibs
To be fair, there's normally a few thousand go to these things, so it does make sense.Quote:
Originally Posted by DarrenSQH
Is that the very expensive lights for helping the grass grow in the background too?Quote:
Originally Posted by DarrenSQH
They're a legacy issue from the previous regime.:cbQuote:
Originally Posted by Andy74
NewHuns haven't got a pot to piss in, having squandered a turnover bigger than all the lower division clubs put together - yet still think they deserve help from everyone else 😆 It's ****ing hilarious.Quote:
Originally Posted by jacomoseven
And just as funny is Regan & Doncaster would be seriously looking to finance these ****ers if it wasn't for those pesky paying football fans. Don't think the Armagedon speech will work this time, somehow 😢
What a load of contradictory bs that statement is.Quote:
Originally Posted by greenginger
Boo hoo I've had to deal with a lot of 'legacy' issues (spending beyond our means) but delighted to sign a load more players this summer on big contracts.
No one likes us but we are responsible for the infighting and divisions that cause all the negative headlines.
Hearty congratulations to Alastair, who is absent on gardening leave because he's screwing us for the full value of his contract.
We might think our Board is unpopular ...
http://youtu.be/kfSoIGbU4lk
https://pbs.twimg.com/profile_images...ake_normal.jpg jake the snake @celticservant · 24m 24 minutes ago
#SevcoAGM guy beside me shouting "thieving *******s - you stole our club & now have taken our dignity". His teeth just fell out https://abs.twimg.com/emoji/v1/72x72/1f602.png
Wow!Quote:
Originally Posted by grunt
Quote:
Originally Posted by grunt
That is brilliant! To paraphrase Oscar Wilde, The unspeakable booing the cheatable!
Fair cheered me up. LOL moment.Quote:
Originally Posted by grunt
Surely there are only so many times a club company can launch a new share issue.
Don't know the answer to that one, but if Mike Ashley is underwriting it then it's almost certain his stake will rise above 10%. Ball is in your court, SFA.Quote:
Originally Posted by offshorehibby
Petrie will be looking at that little tent and wondering just how far away from the shareholders he could pitch his.
:greengrin How many of the nominees for a place on the Hibs board will that have frightened off :wink:Quote:
Originally Posted by grunt
Watching the video, it's like looking right into a nest of vipers. Having been in a pub in Paisley Road West during the Commie Games and seeing 'Durranty' and his droogs I understand where they're coming from.
Just watched it. Chortle. :greengrinQuote:
Originally Posted by grunt
I think the man filming it believes they are "****bags" but I could be mistaken.Quote:
Originally Posted by emerald green
My immediate thought was that Sally must stay, yet perhaps The Rangers circus is just about to get even funnier.
Will this have any bearing on their ability to plug the £8 million black hole? Time must be running out.
That video is hilarious. Wonder who's idea it was to pitch a tent miles away from the fans lol
Sweepstake has started on how long they have left before admin mkII. £5 gets you in.
It's the season of goodwill, gentlemen. You didn't even get them a card :-DQuote:
Originally Posted by grunt
They should all be holding up red cards.Quote:
Originally Posted by Hibernia&Alba
Walter Smith to Rangers? Kheredine Idessane BBC Scotland
Former Scotland manager Craig Brown on #Rangers: Board should 'get down on hands and knees' and get Walter Smith to come back as manager
:greengrin
Quote:
Originally Posted by brog
Is that not the part of the ground where we usually get tickets for?
Yes that's the Govan west corner.Quote:
Originally Posted by The Falcon
They do hatred better than anybody, even against their own. Got to give them that.
The financial affairs of this newco is such a shambles I have to admit I don't really know where things stand now as far as whether they are any closer to going into administration again, or not.
Will Ashley be allowed to keep drip-feeding them cash to stave off administration? Is that allowed, given his involvement with Newcastle United?
I read yesterday that they need to raise over £8 million by 1st April just to stay afloat.
:bye: Sevco.
That cheered me up no end.:greengrinQuote:
Originally Posted by grunt
Share issue rejected by shareholders.
Tick tock.
Head of Security, I would imagine.Quote:
Originally Posted by NadeAteMyLunch!
Crikey! :thumbsup:Quote:
Originally Posted by Ozyhibby
Is this valid though? Surely the Board control enough stock to push through a share issue if they want to?Quote:
Originally Posted by Ozyhibby
Per the formal noticeQuote:
Originally Posted by jacomoseven
Quote:
The Board is disappointed that Resolution 9 was not passed as it limits its options for future funding.
It would appear that the spineless SFA rules are there to be laughed at. Ashley just has to dip into his back-pocket now and again and pay them £10k and then do as he pleases.Quote:
Originally Posted by emerald green
Oh I see.Quote:
Originally Posted by grunt
No need to worry - in sure Walter Mitty, sorry, Dave King, is ready to jet in from his South African base to save Christmas!
His wealth is seldom declared to the authorities - sorry again, I meant 'off the scale'.
Hilarious, fair cheered me up :thumbsup:Quote:
Originally Posted by grunt
at our expense, get it sorted Petrie!!Quote:
Originally Posted by Jim44
If there is no share issue then surely all it would take is the SFA to put the brakes on Ashley and they are stuffed. Will the SFA have the bottle to enforce their own rules is the question.
I can predict the hysterical statement now:Quote:
Originally Posted by Bishop Hibee
'For the avoidance of doubt, by not allowing Sir Michael of MASH to break the terms of his agreement with the SFA, the SFA are casting material doubt on The Club's ability to operate as a going concern. We're f***ed but we will turn the uninformed hordes on you, ya bas!!'
Quote:
Originally Posted by Bishop Hibee
The argument with the SFA is now a sideshow.
The ball is now in Ashley's court. The big question for him is whether he wants to continue to prop up a business that is seeing its funding opportunities running out quickly.
Hee hee GIRFUYQuote:
Originally Posted by grunt
If the rangers are going to go into admin again how long do people think it'll take to happen?
If Ashley withdraws support are we looking at days or is it a longer game than that?
I can see them making it until the end of the season before going to the wall.Quote:
Originally Posted by bingo70
That depends if the SFA want to enforce it or not - assuming Ashley is found guilty of a breach that is :faf:Quote:
Originally Posted by CropleyWasGod
With the hearing scheduled for 27 Jan, is it too cynical to suggest that the SFA will impose a £10k fine and a transfer ban beginning in Feb?
It's an irrelevance now, IMO.Quote:
Originally Posted by jacomoseven
With what?Quote:
Originally Posted by Trig
If Ashley decides not to support a business that has no alternative sources of funding, that's it.
More loans from MA = more security taken against them = more chance that the SFA will rule against them? And if they do, what happens then? Are they forced to repay the loans and when they can't it's the end for a second time? I am probably talking rubbish as I know nought about these issuesplayers but if not they're doomed if the get more from MA and doomed if they don't?Quote:
Originally Posted by CropleyWasGod
Stop it with all this sexy talk.Quote:
Originally Posted by CropleyWasGod
(Don't really, keep talking)
If Ashley withdraws financial support it would be almost immediate in my opinion.Quote:
Originally Posted by bingo70
Probably not the other side of that coin is 27th Jan is far enough away that Admin 2 may start before then and thereby making their hearing irrelevant.Quote:
Originally Posted by jacomoseven
1. I can't see MA continuing to prop them up if the share issue isn't happening. (disclaimer, MA has made millions out of selling *****, so who I am to second-guess him? :greengrin)Quote:
Originally Posted by ACLeith
2. if he does lend them more money, secured, if and when they go pop he can call in his security. He will rank before the other creditors.
3. I don't see that the SFA should be influenced by any of this. IMO, they have been reduced to bit-players now.
Just to clarify:-
http://www.bbc.co.uk/sport/0/football/30573031
Rangers shareholders voted in favour of a new share issue at the club's AGM.
However, as one of the proposed resolutions was not passed, the club will first have to offer existing shareholders the right to maintain the size of their stakes.
That means a non-shareholder looking to underwrite the new issue can only buy any unsold shares.
Thanks for this - couldn't work out what was happening.Quote:
Originally Posted by CropleyWasGod
If they don't raise the £8 million or so that they need for this season from the existing shareholders couldn't King or Kennedy buy up the balance to keep things going? They were both interested when the board decided to take Ashley's loans. I'm not convinced that they're totally dependent on Ashley while there are potential shareholders who want to strengthen the football business rather than making a profit.Quote:
Originally Posted by CropleyWasGod
I don't think that "interest" ever became visible in the way of actual cash. Seems more like interest in the vein of Craig Whyte interest.Quote:
Originally Posted by ballengeich
There was some doubt about King's offer, though one of his partners has just been on Radio Scotland repeating the claim that there were people with money who would have made their identity public once the offer had been accepted.Quote:
Originally Posted by grunt
I don't think there's any doubt about Kennedy's ability to put in a few million.
Why do you think that?Quote:
Originally Posted by CropleyWasGod
FWIW I think you are right, if only because SFA won't want to be seen to be hurting them in any way.
What does this mean? A defensive move against possible hostile take over (although I am not sure who that would be)?Quote:
Originally Posted by CropleyWasGod
Armageddon II awaits us
Don't forget the fraud trial has yet to begin . Whyte singing like a canary, who knows what other deals / ownerships of assets could be called into question.Quote:
Originally Posted by ballengeich
Apart from Ashley who seems to have a grip on things, an interest in the retail business and stacks of cash, I don't see any others risking large amounts at the moment.
Irrelevance is probably the wrong word. I think that it's a sideshow compared to the real issue of getting cash.Quote:
Originally Posted by jacomoseven
If there is no new share issue, could Ashley refuse a new loan to force them into administration? He would be one of their largest creditors and therefore in a position to pick up the club for very little, whilst using the admin process to dump overpaid and underperforming players and ex-managers.
Might make him unpopular with the unwashed hordes, but I don't think that would bother him.
That is exactly what will happen - sooner or later - in my opinion.Quote:
Originally Posted by Eyrie
The size of his loan isn't important. The fact that he has security, though, is.Quote:
Originally Posted by Eyrie
David Somers - what a guy:
His statement read: "In these past 12 months, I have been surprised at a number of things. Firstly, the highly negative aspect of most of the media reporting regarding Rangers.
"Secondly, because it is clear to me that a stronger Rangers is good for Scottish football, I have been very disappointed to realise that outside of Ibrox, there sadly still exists a great deal of anti-Rangers feeling, perhaps (although I hope not) even in the football establishment."
:na na:
But he can't own more than 10% I thought?Quote:
Originally Posted by Eyrie
He can if he dumps Newcastle, though.Quote:
Originally Posted by lord bunberry
Or, he could buy the assets out of administration, rent them to NewSevco, and make a decent income for very little outlay and without the hassle and need to be involved in another underachieving fitba team.
He can but some form of punishments will likely follow, however technically no one can stop him buying more sharesQuote:
Originally Posted by lord bunberry
No but his dog - who is non resident for tax purposes - and lives in Luxemburg couldQuote:
Originally Posted by lord bunberry
Oh yes that would work tooQuote:
Originally Posted by CropleyWasGod
Thanks - thought creditors got to vote according to the debt they were owed, but it seems having title to the assets means Ashley would have the club by the balls.Quote:
Originally Posted by CropleyWasGod
Quote:
Originally Posted by lord bunberry
If Ashley makes the best offer to the administrators then it would be very difficult for the SFA to knock him back.Quote:
Originally Posted by bighairyfaeleith
We can discuss Celtic wanting to have Rangers back in the top flight but imo they would never stand back and let the SPFL allow them to have Ashley, with his funding ability, bend the rules with dual ownership.
Ashley will want Rangers in top league as merchandise sales will be much greater but as it stands he needs someone else to pump money in and i would imagine most serious players now are waiting for the next insolvency event (possibly Ashley too) as they need to shed some player costs and perhaps they are thinking the possibilty of another year in championship is not a deal breaker?
If Ashley gets some assets from a default then the insolvency might suit him with someone like King coming in on his white horse being the new front man and letting him have merchandise rights plus property rental without breaking the ownership rules.
The press chearleading for the SFA to allow Ashley to take over Sevco.
http://www.telegraph.co.uk/sport/foo...urns-ugly.html
I would say OK with the priviso that the club could not operate in our top division. A bit like Barca and Real second strings in La Liga 2. :greengrin
It's taken him 12 months to come to this conclusion? :confused:Quote:
Originally Posted by Callum_62
:aok:Quote:
Originally Posted by CropleyWasGod
And paint himself as the reluctant saviour, only stepping in because everyone else had made such a mess of it.
At this rate I wouldn't bet on him figuring out why. :greengrinQuote:
Originally Posted by Trig
As Ashley has already stated he plans to not be the majority shareholder in Newcastle by mid 2016 so a process in in place anyway. Rangers being stuck in the Championship for another season is no big deal for Ashley as he is restructuring the club completely. He is cost cutting already and clearing out the old guard. You can expect to see the 7 grand a week brigade have their contracts ended or paid up and the age of the squad to come down. If Hearts and Hibs go up this year from the Championship it gives Rangers a clear run at the Championship in 2015/16.Quote:
Originally Posted by greenginger
Lets look at it rationally - For the SFA the lure of a healthy Rangers as opposed to the staggering sick excuse of a club they are just now is huge. Llambias will sell them the vision of a financially secure and healthy Rangers. Remember as well that SFA Committee includes Stewart Regan, Peter Lawell and Rod Petrie. Regan is leaving, Petrie himself has presided over his own annus horriblus and Lawell has an annual £10m funding gap to fill - he needs Rangers. These men don't care about being unpopular and know they are in an impossible position, they will be criticized whatever they do. They preside over clubs in a league with no sponsor and a pitiful TV deal.
Expect Ashley to get his request to take his stake up to 29.9% passed with conditions.
The self pity is embarrassing. Rangers had the SFA and the media in their pockets for decades, now they claim to be the downtrodden underdog. Perhaps the reason they are so disliked is because of the behaviour of the club and its fans. Just saying, Davie.Quote:
Originally Posted by Callum_62
Agree,and then he needs to think about the sectarian hatred that the throwback followers of the now defunct Glasgow rangers still spout as it is definitely having an effect on how civilized society views the newest team in Scotland. It's a pity that sort of culture wasn't allowed to die when Glasgow rangers ceased to exist. Maybe Somers could do something about that?Quote:
Originally Posted by Hibernia&Alba
Then there would be a chance of his utterances and the next version of the club being better received?