Drew Brees

Rejection of Possible Offer The Board of Rangers has considered the possible offer from Robert Sarver (or a vehicle to be established and controlled by him) ("Mr Sarver"). The proposal by Mr Sarver comprises a placing of 100 million shares at 18p ("Placing") which, if approved by shareholders at a general meeting, would be immediately followed by an unconditional offer at 18p pursuant to Rule 9 of the Code. The Placing would give Mr Sarver control of Rangers. While the Directors welcome Mr Sarver's approach, they believe that, notwithstanding the current financial difficulties, the proposal does not adequately value a controlling interest in the Company and accordingly the resolution to approve the placing is unlikely to achieve the 75% majority required. The Directors do not intend to hold the General Meeting which would be necessary to implement the proposal. The Company is managing its cash resources carefully and will require further funding before the end of January. The Directors are in discussions with Rangers' significant stakeholders with a view to arranging finance for the Club. This is likely to comprise loans in the short term and possibly equity in the medium term. The board has invited Mr Sarver to consider participating in a similar discussion alongside other supportive shareholders.

You do not get a final notice after missing a payment by a week.

did you make this up? do you think HMRC would accept this? A 7 days notice is obviously a critical "red ink bill" and would point to this being ongoing,i would imagine it would be probably 3 months. Maybe earlier, less-pressurised, "black ink" bills have been ignored.

I loved Blankety Blank. I'll guess - Hector

On the twelfth day of Christmas my true love gave to me, an invoice from HMRC

Just read that, Hectors back 09:59: Rangers update Chris McLaughlin BBC Sport Rangers' latest crisis loan was taken to avoid being wound up by HMRC, BBC Scotland has learned. It's understood the club received a seven-day notice letter at the end of December for the payment of national insurance.

because it's virtually impossible to get a financial return from a scottish football club. The only ways to generate profit are, via player sales, buying cheap and selling on at a profit, but this has to be season upon season and with no scouting network available to sevco this is not going to happen, and continued Champions league group stage every year, again, not gonna happen .

He will look at the books and realise the injection necessary to take them off life support is above and beyond the mere £18m spoken of in dispatches, then see that each and every spiv connected to the club will require a decent pay off before he can even start to clear the decks and buy back "the assets". Then he will see the state of disrepair Ibrox is in, if he even gets that far, and will either shite the bed vocally or slink off into the background as another coulda been. Nobody in their right mind, who has no emotional attachment to them, would plough the enormous sums required in.

That's because he hasnt made an offer

FFS

Nice to see someone has finally bit on Ronny Mowbray, he's been trying so hard to get a reaction, bless. And the continual 'racist bigot' comment wedged in wherever possible, hilarious.

Delusional and mildly irritating

I agree, was surprised he got singled out.

Hopefully the Manager will be able to sort it out, he was left an incredible mess by lennon, some very bad players on a very large wage.

If you're questioning me then you're questioning Wikipedia, and only a fool would do that. So, in short, no i'm not sure but hadn;t heard of it being anything other than a loan.

Was a loan deal

Fight Fight

It's their 'FLOATING' stage

From this point on, he will be known as Mr Llambias, and he and Alistair will have a close working relationship.

A statement to the stock exchange that reads that the present club shouldn't be paying for the old clubs misdemeanours therefore admitting it's 2 different clubs. And under door number 17 of the sevco Calendar. splendid

I really hope the 3rd iteration of these f***s is as funny!

http://www.theguardian.com/business/...profit-warning Retail tycoons Sir Philip Green and Mike Ashley were both left nursing multimillion pound paper losses yesterday after close to £140m was wiped off the value of MySale, the website that runs clearance sales for fashion brands, following a major profit warning. The shares tumbled 91.75p to 81.5p, a fall of 53% after the company said pre-tax profits would be materially below market expectations after it encountered challenging trading conditions in its home markets of Australia and New Zealand. Its chief executive Carl Jackson said competition had increased noticeably and the economic outlook has weakened in both countries over the last five months. Greens Shelton Capital fund, controlled by his Monaco-based wife, Tina, invested in MySale before its initial public offering in June and held on to a 22% stake. The profit alert wiped £30m off the value of that holding leaving it worth only £27m when the market closed. Ashleys Sports Direct took a near 5% stake in June as a route to establishing a retail presence in the antipodean markets.

Well tonight thank god it's them instead of you