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
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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
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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
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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.
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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?
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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!
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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
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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.