I does not look like it will take that long http://t.co/UccgPNc7k8Quote:
Originally Posted by HFCDaveA
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I does not look like it will take that long http://t.co/UccgPNc7k8Quote:
Originally Posted by HFCDaveA
Taken from Rangers media:
HE Board of Rangers Football Club have issued the following statement today:
"The Board of Rangers note with dismay the launch of the 'Ibrox 1972 fund' led by Dave King and Richard Gough.
"Attempting to create a fund that wishes to deprive revenue to the football club these men purport to love so much and create financial difficulty for Rangers, displays a twisted logic.
"For the avoidance of doubt and so that all Rangers fans are again reassured, the Board has stated that it has no intention of granting security over Ibrox to anybody. We have already shown in our actions - and not words - that our stadium is sacrosanct.
"Any supporters considering engaging with Ibrox 1972 Ltd should be clear that as the Club will not grant security over Ibrox to any such organisation, there is no prospect that any commitment to this new scheme will ever come to fruition and is therefore entirely meaningless. Nor will the Board enter into any agreement with a third party organisation on season ticket renewals, as is being suggested.
"Therefore this scheme is a worthless academic exercise created to serve the purposes of individuals and not the greater good of Rangers Football Club. It could never deliver the stability and security this football club and our supporters deserve.
"It is also important to note that should existing season ticket holders choose not to renew by the 16th May deadline, as is being encouraged, they could lose their seat allocation. The Club believes it must - as it always does at this time of the year - attempt to satisfy the requests we have received from current season ticket holders who wish to relocate to other available seats around the stadium.
"The absurd attacks made by individuals associated with this new scheme on Chief Executive Graham Wallace are disgraceful. Since Mr Wallace joined the Club he has worked tirelessly to create a Rangers fit for the future.
"Mr Wallace has brought his considerable business experience together with his extensive knowledge of top-level football operations and impeccable reputation to the Club and we continue to see the benefits of his work. To question his integrity, ability or professionalism as a means to discredit him personally and to undermine the Board generally is absolutely unacceptable.
"Mr Wallace has the Board's unequivocal support.
"We are only too aware that our incredibly loyal supporters have been through remarkably testing times in recent years, but Rangers has made significant progress in recent months, both on and off the field.
"A bright future awaits and we would respectfully ask our fans to support the Club and renew their season tickets. Season ticket sales are the largest single source of income for Rangers and only the Club and the team will suffer if some of this income is withheld.
"Any decision not to renew season tickets can only damage the Club. Such action would only serve to harm the very institution that is so dear to all of us."
For the avoidance of doubt, never trust anything that comes out if that club.
If they take that loan off Ashley am I right in thinking that would be £13m of debt they have just to him alone?? There is quite clearly other debt in the background too. How the bloody hell is it even possible for them to screw themselves up so much in such a short space of time??
And that would only get them through another couple of months. They'll be hoping the new share issue gets them to the end of the season and into the PL. If they don't go up they'll die, again.Quote:
Originally Posted by stokesmessiah
He must see something in Rangers that I can't. With the money that clubs get in down south, why would he want to jump out the English Premier with Newcastle to buy a basketcase club like Rangers up here.Quote:
Originally Posted by AndyM_1875
That's the thing, though. They're not a basket case, if they're run properly. They have the potential to be a massive brand, and MA knows that. They have been run badly for many years, but it doesn't have to be that way.Quote:
Originally Posted by Steve20
MA sees the potential in the brand, and the merchandising of that. He also, and this has been suggested by a few of us in recent weeks, sees the potential in having ownership of the assets without the hassle of owning and running a fitba club.
Might have agreed with you a couple of years ago but once fans get an excuse not to go to the game it is very hard to get them back. Winning the Premiership or finishing second and getting pumped out of Europe before the group stages won't be enough.Quote:
Originally Posted by CropleyWasGod
Ashley is also seen as toxic by a lot of the support. They could be holed below the waterline and limp along for a long, long time to come.
You might be right. In which case, the Plan B (owning the assets, and charging massive rents) becomes Plan A. :greengrinQuote:
Originally Posted by PatHead
Just wondering if a Hertz victory tomorrow could see them consider admin2 to be a serious possibility?
Maybe if they win they might as they feel they will make the playoffs.Quote:
Originally Posted by BH Hibs
They need to win the play-offs or they will be seriously damaged for years to come.Quote:
Originally Posted by PatHead
Its possibly just the share value. Sevco shares are currently trading at about 25-30% of what they were a few months ago. If Ashley can assume control & even get them up get them up to about 70% of their previous value he can sell on & make millions.Quote:
Originally Posted by Steve20
Ha ha, boyhood hero galloping down the wing!Quote:
Originally Posted by CropleyWasGod
Rangers must be one of the biggest football brands in terms of retail. Much like Newcastle. I am not sure if Ashley initially saw much more to it than that. But recurring problems have almost forced him to get involved.Quote:
Originally Posted by PatHead
What they need is a non Rangers minded businessman like Ashley to come in and clear out the place and run it without the bigotted blue tinted specsQuote:
Originally Posted by CropleyWasGod
:agree:Quote:
Originally Posted by Iain G
Say what you like about him, but Ashley sorted Newcastle out. He may even have learnt from his mistakes there, such as the public fall out with Keegan.
Surely those specs could be added to the club's merchandise, I'm sure they'd fly off the shelves...Quote:
Originally Posted by Iain G
On a serious note, sadly the Rangers' 'traditions' (blue nosery and Northern Irish Protestantism of the fundamental variety), are likely to continue to be linked to the football brand as it would seem to me this helps to define the brand, shift product and make money for them...
i see 'the union of fans' have called for a demonstration before KO tomorrow night
We have been campaigning for 18 months to try to secure our stadium. It is not yet too late but the only people who can stop this now are the fans and we would ask them to do two things. First of all please come to the ground tomorrow night, 45 minutes before kick-off and stage a mass demonstration at the front door of our Ibrox home. We would ask fans not to enter the game but if they feel they have to, in order to support the team in an important game, then we would ask them to make their feelings known in the strongest possible fashion to the board.
Derek Llambias and Barry Leach have been appointed by Mr Ashley to ensure he grabs the remaining assets of the club. Mr Ashley and his board stooges have shown a blatant disregard for the club and the fans. John Brown could not have been more accurate when he described them as “rats”.
Surely if we have learned anything over the last couple of years it's in the terms of a football insolvency event, that having security over a football stadium is virtually worthless. Sevco fans getting their knickers in a twist over nothing.
I just can't understand why they're getting so irate.Quote:
Originally Posted by Spike Mandela
The club has no money. Ashley has. The 3 Bears have, but apparently not enough.
Ashley wants to lend....LEND...them enough money to get them through the season.
They are lucky they have assets to pledge. If and when the share issue happens, and the loan is repaid, the security is released.
Now.....has anyone got a better plan? Remember that the wages are due soon.
Would a better plan not be once he has made the £13 million loan and has the security in place not just put them into administration later in the year?Quote:
Originally Posted by CropleyWasGod
When in admin he would own Ibrox, the car park and Murray Park.
He could then pick up the club for a relative song as nobody would buy Rangers when he basically owns all the assets.
I'm not in your league CWG but is there a flaw in my theory?
They probably see the American boy as the better alternative but know as long as Ashleys men are in there then what's best for the club is secondary to what's really important.Quote:
Originally Posted by CropleyWasGod
He would get the first 13m from their sale. He wouldn't necessarily own them.Quote:
Originally Posted by scoopyboy
More later. ...at a gig :)
Rangers fans are like all other fans.What they want is a sugar daddy(in their case Dave King)to put oodles into the club-never ask for it back-to be wasted on players who will let them lord it over Celtic(most Rangers fans ultimate wet dream).It has completely bypassed them that King was a component part of allowing Murray to get them in the mess that can't get out of.Incidentally I don't think Rangers are a big brand outside West of Scotland,Northern Ireland or parts of Canada.You can write them off in any Catholic part of the world-surely Ashley or one of his minions has remembered this.Quote:
Originally Posted by CropleyWasGod
Today's the day the teddy bears had their pitch nicked
Apparently Kings bears where planning there move for next week so not surprised that Ashley has made his move.
Thing to remember is that both he and the easedales simply don't give a **** what the fans think, they will do what they want regardless. This plan has been in place for too long for them to just walk away because some rangers men bought shares. If anything, these rangers men losing there money on shares when the club is put into admin will help Ashley increase his grip in the long term.
Be interesting to see if whyte now drops his claims on rangers, a wee rumour I heard today suggests he will. No idea if it's true or not as the source wasn't great.
:tee hee: :top marksQuote:
Originally Posted by jodjam
Love this quote
Rangers Supporters Trust: "Quite frankly this latest move by the board is legalised theft and we will not stand by and watch it happen. If necessary we will instigate legal action against the directors both collectively and individually. We have also contacted several MPs and will be seeking political and government support to stop this attempted asset grab."
Legalised theft and they will use legal action to stop it. :greengrin
Jeffing brilliant:greengrinQuote:
Originally Posted by jodjam