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'King pointed to the fact that dwindling season ticket sales, and fan protests against Ashley indicated the need for Sports Direct to accommodate some of the Rangers board's concerns, if they indeed did want to make the arrangement a success in any way'Quote:
Originally Posted by Golden Fleece
Emmm - exactly WHO was it that asked the 'Moron-Loyal' to NOT buy season-tickets ???
Ah, so that's where he's been the past few months! Good of him to work on a garden that will benefit many, rather than just concentrating on the one at his house.Quote:
Originally Posted by Dalianwanda
I'm sure he made a generous donation as well.
Quote:
Originally Posted by jacomoseven
The income from The Rangers first 2,000 Season Tickets will go to paying McCoist until his contract ends in December
You've gotta love the guy for his dedication to the cause
:greengrin
To be fair it does keep the money away from that bad man Ashley so he is doing it for the club, not for himselfQuote:
Originally Posted by keekaboo
So where's the money coming from for the other expenses of the club? The maintenance of Ibrox?Quote:
Originally Posted by King, in article in press
To be fair, it's a line our club trot out year after year.Quote:
Originally Posted by grunt
I think Super Ally was undermined by all the grief he had to put up with as manager.Quote:
Originally Posted by keekaboo
With his batteries refreshed, and the club now under the visionary leadership of The King, I am sure he'd thrive as manager. It would also save them forking out for another manager at the same time.
Sign him (back) up!
Surely he's right. They are a football club. All moneys are going to the football side of the club. Even any that might find their way into his pocket.Quote:
Originally Posted by grunt
Full statement from Ashley now up:
http://www.dailyrecord.co.uk/sport/f...VLFNrlq0sl76rs
Ooft!Quote:
Crucially, did the New Board leave it all to the very last minute and were then left with no viable alternative? The consequence of what happened is that Rangers Plc no longer has a public listing, nor is it subject to the AIM regulatory rules which is all the more important in circumstances where the new Chairman of the New Board has, as is a matter of public record, been prosecuted for and admitted liability in respect of various criminal offences in South Africa, resulting in the payment then of approximately £44 million to cover liabilities and fines in South Africa.
If they have to pay back Ashley then the next 12,500 adult season tickets will be needed to cover that.Quote:
Originally Posted by keekaboo
Dave King seemed to think getting Ashley's men kicked off the Board was the end of the war. I think he's made a big mistake.Quote:
Originally Posted by JeMeSouviens
Quote:
Originally Posted by keekaboo
They don't do 'walking away', unless the back pockets are full of readies. Good ol' McCoist and Ashley.Quote:
Originally Posted by Ozyhibby
It's okay, King is a multi millionaire who variously says he is going to put up £20m, £30m, £40m or £50m and he had a nomad lined up thus making the business look a little bit more credible than it does without one - that's all before you take into account his plan to "over invest". :faf:Quote:
Originally Posted by Ozyhibby
He's the man for the job.
More the Orange Walkers than the White walkers.Quote:
Originally Posted by NAE NOOKIE
(Apologies to non GoT fans)
All joking aside, if King and his cronies are dripping in cash and ready to invest millions into their club, why don't they bite the bullet and get shot of Ashley for what, by their standards and financial intention,s is a drop in the ocean?
So according to Ashley the simple solution is to repay the £5m he gave as a short term loan then security is released and they go to a 51%/49% relationship on goods profit. Can see where he is coming from.
What could King's problem be?
Indeed.Quote:
Originally Posted by JeMeSouviens
I'd have thought the key question was, what did the NOMAD see that made them decide against working for RIFC?Quote:
Originally Posted by MASH
A track record of not paying their way? unless they have to to avoid going to jail :dunno:Quote:
Originally Posted by Jim44
Quote:
Originally Posted by Jim44
That was my thought as well.
King could Loan the Club 5M, interest free. They could use it to pay off Ashley, thus benefiting from an increased percentage of Retail Sales. King gets paid back when the Club have the money.
Not a problem to a Billionaire like King, surely.
:hmmm:
Especially as it would bring about an immediate improvement in retail income. Honestly, I know it sounds weird, but I do sometimes wonder if these Rangers owners are quite as keen to put in their own money as they claim!Quote:
Originally Posted by Jim44
Keith Downie@SkySports_Keith 4m4 minutes ago BREAKING: Mike Ashley has relinquished his position on the Newcastle board along with Finance Director John Irving, who is leaving the club.
Neal Walker@SkyWalker_Neal 3m3 minutes ago New #NUFC boss Steve McClaren joins the club's Board, along with Graham Carr and Bob Moncur. Only PL boss to also sit on his club's board.
Quote:
Originally Posted by keekaboo
Agreed.... :agree: I'm totally flummoxed :confused:
I just CAN'T think of a reason why he'd not stump up the dosh to make things all nice and lovely financially with Der Hun....
Ashley making the obvious staement about the delisting and yet one the succulent lamb brigade haven't mentioned or intimated once.Quote:
Originally Posted by JeMeSouviens
Exactly, and they secure the brands, training ground etc etc. The revenue from retail sales must be horrendous if the Hun Board are not interested to increasing their stake from 25% to 51% (on repayment). The Hun fiasco keeps giving and giving :thumbsup:Quote:
Originally Posted by Jim44
Sports Direct V Rangers international football club in Chancery court tomorrow under Applications.....
https://www.justice.gov.uk/courts/co...hancery-judges
Any legal minds on here explain?
Quote:
Originally Posted by PatHead
And that is the million dollar question! Everyone knows the simple solution for King is to pay Ashley his dough and that's that... He's got the cash and he's a The Rangers man... So what's the problem??
I'm not a legal eagle but I would take a guess that he wants the first £5m of season ticket money ring fenced until they pay him back?Quote:
Originally Posted by Spike Mandela
The Lying King.Quote:
Originally Posted by grunt
How do you know he has the cash? We know he is a convicted criminal in financial matters and there will always be suspicion till he shows the colour of his money. The bulk of the Sevco support think he is the Messiah, but some of the brighter ones, the ones with two ears and two eyes, are sniffing a wee rat. They might be strong bookie's favourites to win the Championship next year, but I think, deep down, they will be fragile and there for the taking, if we can keep a decent squad together.Quote:
Originally Posted by Mikey09
You may have requested legal minds, but here's a sevco guy in the DR instead-Quote:
Originally Posted by Spike Mandela
http://www.dailyrecord.co.uk/sport/f...-court-5859827
p.s. There'll be a few chancers in Chancery if King and Ashley are involved!
Quote:
Originally Posted by Jim44
I really do think he has the cash. If I'm wrong I'll piss myself laughing like the rest of us though!! :greengrin
Anyone who has lost, criminally, £44m, must be a nervous wreck at the prospect of bank rolling a white elephant of a football club. I bet he's not getting 8 hours sleep a night.Quote:
Originally Posted by Mikey09
Though what Ashley is forgetting is that King is actually a fit and proper person. The SFA said so (or was it the SPFL).Quote:
Originally Posted by JeMeSouviens
I'm surprised not more has been made of this. What are the reasons behind it, unless he is looking for a tighter control at the Rangers? No more 'dual interests'.Quote:
Originally Posted by s.a.m
Quote:
Originally Posted by Golden Fleece
I can't see how he could do that with only 9% shareholding.
He still has the dual interests. He is only stepping back from the Board at Newcastle.Quote:
Originally Posted by Golden Fleece
cheers, us plebs don't understand the complexities of boardrooms. Shares are things you get on a plate in a pub.Quote:
Originally Posted by CropleyWasGod
I think we exchanged messages a couple of months back CWG but I still think Ashley is/has played an absolute blinder here - he's very astute and sharp in my opinion the way he has held his cards until the 'showdown'.Quote:
Originally Posted by CropleyWasGod
The Ibrox hordes are starting to turn a little on King - slowly but it's gathering momentum. There has not been much anti-Ashley / Sports Direct sentiment, even on their forums. As it stands he knows that there is still a large large groundswell of 'blind faith' fans who will buy the new shirts and merchandise. He also has a £5 million 'noose' around the Ibrox neck........and a shareholding.
With them having to pay off McCoist, also Alexander's tribunal loss, and a possible £5 million debt to Ashley - no wonder King has beads of sweat on his brow - regardless of how many season tickets are sold, that could account for half the anticipated player budget. McCall and his backroom would have cost a wedge too.
If King pays back Ashley - fans will ask, whose money was used - theirs of King's. Ashley as I said, I think, has played (and is playing) a blinder.
Asides that £5 million loan, how much do you reckon it would take to buy out Ashley's stake in The Rangers (shareholding and retail share) ?
:agree:Quote:
Originally Posted by CropleyWasGod
He still has absolute control at Newcastle, and has now committed to stay there until they 'win something'... Could be a very long time.
I've never been convinced that Ashley wanted to take control of Rangers. I think he saw a good opportunity to run their retail operation and did a favourable deal with Charles Green. He probably thought their inevitable rise back to the top division would lead to easy profits, but when things went wrong he then became a bigger investor to protect his interests.
He is now - with just 9% - holding a very strong hand. The idea that Dave King can renegotiate a more favourable deal looks a bit fanciful, unless he can back that up with a large wedge of cash.
Keith Jackson just tweeted that Ashley also taking them to court of session in Edinburgh 😆
If they die again I might actually die..Quote:
Originally Posted by Jumbo
Quote:
Originally Posted by Jumbo
Did he give any details as to what the case was about?
Didn't say, though just posted, not likely to be going after £5m in London or Edinburgh today, more likely a gagging order on the boardQuote:
Originally Posted by keekaboo
It is gagging order
Guy has just tweeted from London High Court - Sports Direct seeking an injunction to stop confidential info being disclosed at tomorrow's shareholder GM.Quote:
Originally Posted by keekaboo
Quote:
Originally Posted by Jumbo
Quote:
Originally Posted by Ozyhibby
Quote:
Originally Posted by JeMeSouviens
Cheers.
Sounds like he has them by the short and curlies.
James Doleman - Freelance journo is tweeting live from court
Saw this yesterday - good thinking by the charity but cannot tell if Fat Ally is genuinely that gullible, or if it's a piss-take to the club
http://www.eveningtimes.co.uk/news/a...765n.128512024
[emoji23][emoji23][emoji23]
@jamesdoleman: This is the first time I've been in court when a Daily Record article is the key piece of evidence :)
So to sum up m'lurd in referring to the right honourable Joan burnie article the prosecution now restsQuote:
Originally Posted by CallumLaidlaw
Injunction granted.Quote:
Originally Posted by JeMeSouviens
Judge tells counsel for Sports Direct says she is "flabbergasted" by the legal costs claimed.
Reading James Doleman's tweets this morning has been high entertainment.
Judge orders £20,000 in costs to be paid by RFC to Sports Direct
:greengrinQuote:
Originally Posted by grunt
Add in the £84,000 Alexander won, Sally's cash (£70,000 a month)........no wonder they are wanting a season ticket push :faf:
Dave King will have to register himself as a player at this rate :greengrin
Quote:
Originally Posted by grunt
thats £ 20,000 for now subject to a detailed assessment of total claim.
Another 50 adult season tickets wasted :-)Quote:
Originally Posted by grunt
To flabbergast a high court judge I think the costs claimed must be mega !Quote:
Originally Posted by bighairyfaeleith
Yeah. Somebody else tweeted that the final bill might be "north of 7 figures "Quote:
Originally Posted by greenginger
Struggling to reconcile the 2 myself :)
So The Rangers fan sites are now trying to urge fans not to buy strips and merchandise as only a tiny portion of the retail goes back to the club allegedly.......
The Rangers fans are now fragmented into those that don't trust their new Board, and those that think Ashley is harming them, those that want to back King..........Disunity United :greengrin
King has stated at a press conference that they need volume season ticket sales ideally and has not given any inkling as to what he and his new Board will invest into the playing side of the club.....
The Rangers have no manager and have released 11 playing staff this week.......McCall now being heavily backed into second favourite
Pre-season starts in around 2/3 weeks...............
The Rangers are apparently going to 'invest' this phantom money to not only win our league but challenge Celtic next season as part of a 3 year plan..........:faf:
:party:
......just wait until their screaming bairns come out with 'oi Da, I want the new Rangers strip fir ma birthday/Christmas/to annoy ma Celtic mates at school' :greengrin
I quite like Mike Ashley :aok:
@jamesdoleman: Judge notes there has been no denial from counsel for RFC that the board leaked confidential information to the Daily Record
@jamesdoleman: "The Daily record is a newspaper which wants to make a splash, invariably through hyperbole" judge says
Did I not read something recently about Paul Murray wanting to extend the olive branch to the Record and get them back 'onside' ? Had they not been banned from attending games until the new Board took over ?Quote:
Originally Posted by IanM
wrong on 2 points.Quote:
Originally Posted by truehibernian
1. It is unlikely they know who their da is but their brother does look similar and he does sleep in his mums bed. and
2. Having any mates far less Celtic wans is highly unlikely. :wink:
You have to think that all this crap going on in the background (again) for Rangers means they are having their focus distracted from the football?
A good start to this next season is crucial for us.
How many days was it between the SFA declaring DK fit and proper and the high court ruling he could not be trusted to keep a contract?
Kinda dawned on me earlier that popping Ally on gardening leave, getting rid of McDowell and appointing McCall have done nothing to improve their fortunes, other than tie up more cash they dont have! Should of kept fat Ally on...
They won more points per game under McCoist than McCall.Quote:
Originally Posted by Iain G
They seem to be hemorrhaging money - Ibrox needs money spent on it, they have committed to investing in their youth/scouting, talk of a new share issue......Quote:
Originally Posted by Iain G
In all honesty I can see another admin event...............................:cb
Quote:
Originally Posted by Iain G
It was McCoist's decision to resign (at least that's the public story)
Given that they still had to pay him for 12 months after handing in his notice, he's done not too badly out of it.
Sure he was encouraged to go! And he could have stayed on til the end of this season! If they had the balls and money then to get in a decent manager instead of old caught in the headlights McDowell then they may have had a better second half of the season...Quote:
Originally Posted by keekaboo
Round One to Ashley
Ashley Wins Injunction
A general question.Quote:
Originally Posted by truehibernian
Can there be a share issue when the company isn't listed on a stock exchange?
And. What is the status of shares when they're not listed?
That's two questions.Quote:
Originally Posted by Jack
1. Yes.
2. They are unlisted.
(sorry, couldn't resist) Here's an article http://www.moneywise.co.uk/investing...sted-companies
From my limited understanding they can issue the shares but it will be very difficult for people who 'invest' to then sell them on. A bit like hearts 'share' issue except in this case you might get a certificate.Quote:
Originally Posted by Jack
Hibs aren't listed either and we have a share issue right now.Quote:
Originally Posted by hoxtonhibby
Fair point but in the same way it's an emotional investment rather than a 'make money' financial one. And I may be wrong but I think selling them is more difficult as you're not selling through a market like AIM.Quote:
Originally Posted by jacomoseven
They will also have the bill to send several of their remaining players to assisted living homes for the summer.Quote:
Originally Posted by truehibernian
I'm not saying their delisting will make things any easier - just that it's possible!Quote:
Originally Posted by hoxtonhibby
It's the transferability, or rather the lack of it, that is the problem. That makes them less attractive to buy, and hence would have to be pitched at a much lower price than they might have, had they still been on the AIM.Quote:
Originally Posted by hoxtonhibby
I guess the big difference for the hun is that they've already had a push to sell shares as an investment and chuckie Green had reasonable success with them, now the only people who would buy shares in them are fans, and those fans have already been shaken down several times.Quote:
Originally Posted by jacomoseven
:agree:Quote:
Originally Posted by hoxtonhibby
Maybe it's time to call Brian Kennedy!
Public companies can offer shares to the public, listed or not, private companies cannot.Quote:
Originally Posted by Jack
I understand that they have taken an idea from FIFA and are to commission a movie based on the life of Ibrox legend, Lee McCulloch. The soundtrack is to be provided free of charge by the band, Elbow.
......as Lee slides into yet another late tackle, the referee reaches for his yellow card. Rolling his eyes, he brandishes the card and breaks into Elbow's latest smash hit....Quote:
Originally Posted by Seveno
What Time Do You Call This?
Well I doubt it will be 'An audience with the Pope' .Quote:
Originally Posted by CropleyWasGod
Cathro resigned at Valencia
I honestly ****ing hate rangers so much, hopefully King ****s them over and they go bust again. Did anyone hear about that orange fest in Glasgow last week?
http://www.dailyrecord.co.uk/news/sc...orange-5834627
Wow, 28 year old that's never been a manager in his own right. Gamble! :cbQuote:
Originally Posted by Ozyhibby
Cathro would be a disaster.
For us or for them?Quote:
Originally Posted by ancient hibee
Obviously a very talented coach. Question would be if it was too high pressured a job at 28
For them.How is he obviously a very talented coach-I know this is often said but I see nothing to justify it.Quote:
Originally Posted by CallumLaidlaw
Quote:
Originally Posted by anon1875
that's a particularly gormless Kenny McDowell look-alike next to the biddy in the white parka on her phone
What evidence would you be looking for?Quote:
Originally Posted by ancient hibee
The fact that a manager chose to take him to Valencia with him as his assistant at 28 speaks volumes to me
He's a cracking coach, his story is fantastic and he will do well. I don't think he'll end up at Rangers but if he does it's definitely bad news for us.Quote:
Originally Posted by CallumLaidlaw
I don't think he's daft enough to go to Ibrox.
Colin CalderwoodQuote:
Originally Posted by CallumLaidlaw
The new Rangers job is a bad job for anybody just now. He would be mad to take it.Quote:
Originally Posted by andrew70
Doesn't sound as though Cathro is going to Newco. Apparently left for family reasons, departure was agreed some time ago & is not currently considering any offers. Good! Far too imaginative an appointment for the Neanderthals!
In the footballing world anywhere....its very impressive!Quote:
Originally Posted by andrew70
Get involved in that mob and he blows it!
He is not that stupid!
Quote:
Originally Posted by Ozyhibby
I agree I don't think he's daft enough to go. He's a clever and intelligent young man who has done very well for himself. He will know that the job at Ibrox is a poisoned chalice.Quote:
Originally Posted by Ryan69
Not worth gambling his whole career on it.
And Warburton has now been installed as favourite for Sheffield Wednesday.
Wonder what mcoist is up to? 🌲🌹🌲🌹🌱