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xj2011

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Posts posted by xj2011

  1. 1 minute ago, muirkirk nil said:
    There's yir tea.
    Court Ref.: P341/17 IN THE COURT OF SESSION UNDERTAKING BY THE RESPONDENT in the Minute of THE PANEL ON TAKEOVERS AND MERGERS, 10 Paternoster Square, London EC4M 7DY PETITIONER AND MINUTER for in the Petition for orders in terms of section 955 of the Companies Act 2006 made on behalf of THE PANEL ON TAKEOVERS AND MERGERS, 10 Paternoster Square, London EC4M 7DY PETITIONER AND MINUTER and DAVID CUNNINGHAM KING, 34 Coronation Road, Sandhurst, Sandton 2196, South Africa RESPONDENT ______________ I, David Cunningham King, the Respondent, hereby undertake to the Court to take the following actions, or procure that they are taken, in each case by the time specified: 1. Take all such steps as are required to instruct a third party cash confirmer in the United Kingdom (the “Cash Confirmer”) that is considered appropriate by the Panel and confirmed as such by the Panel in writing, as soon as practicable and in any event by no later than 17:30GMT on 14 December 2018, being the date that is two weeks from the date of this undertaking, to do all such things as are required in order to provide a public cash confirmation statement for the purpose of assisting Laird Investments (Pty) Limited (“Laird”) to make an offer for the entire issued share capital of Rangers International Football Club Plc (“Rangers”) on a fully diluted basis (or on such other basis as is agreed in writing by the Panel and the Cash Confirmer) (“the Offer”) including, if required, transferring all such funds as are required into the United Kingdom. 2. Take all such steps as a matter of urgency as are required in South Africa to obtain all such consents and approvals as are required to transfer into the United Kingdom such funds as are necessary to make the Offer by 17:30GMT 2 on 11 January 2019, being the date that is six weeks from the date of this undertaking. 3. To instruct the Cash Confirmer to provide advice as to how Laird/Mr King must comply with its/his obligations under the Takeover Code (the “Code”) and for the Cash Confirmer to liaise with the Panel on behalf of Laird/Mr King in the making of the Offer in full compliance with the Code. 4. To ensure that Laird makes an offer for Rangers in full compliance with the Code by no later than 17:30GMT on 25 January 2019, being the date that is eight weeks from the date of this undertaking. 5. To appoint a legal advisor by 17:30GMT on 14 December 2018 to undertake all such matters as are required to ensure that the documentation complies with the Code and to liaise with the Panel in relation thereto. 6. Without prejudice to the position of the Court, not to raise any objection to continuation of the present process before Lady Wolffe in the event of any concurrence of the Lord Advocate in any proceedings that are required or instituted in respect of any breaches of this undertaking. 7. To make a public announcement of the text of this undertaking in full promptly and, in any event, by no later than 17:30GMT on 3 December 2018 and to publish a copy of this undertaking on the Rangers website

    too long didn't read...

  2. 17 minutes ago, GordonS said:

    Watched the Spain - Croatia game. It was pure filth. It was football porn. I think that's the best performance I've seen all year - better than anything at the World Cup.

    Make sure you watch the highlights, but honestly, watching the whole 90 minutes would be worthwhile. They utterly rinsed a very good team. Croatia's great strength is centre midfield, yet somehow Spain managed to make it look like they didn't have a midfield at all. They seemed to get to the edge of the Croatia box any time they wanted.

    I need a cigarette after that, and I don't smoke.

    agreed, just finished watching it... immense football

  3. 7 minutes ago, Peppino Impastato said:

    No, just cause English football is shite to watch.  Until this season I watch 95% la Liga.  It's the best League in the world.

    agree La Liga is a much better watch, but the EPL still has some pretty top games and players to keep it my 2nd favourite

  4. 10 minutes ago, Pet Jeden said:

    Potential conflicts of interest crop up regularly in business.They are not a problem if declared and often everyone agrees that the person can carry on in the role, perhaps sitting out certain discussions - although maybe that is difficult for a chairman to do. But if a conflict is not declared and it then comes to light, then that is toxic for trust.

    If I understand things right, Murdoch MacLennan has been appointed Chair at Independent News & Media Group. The last Chairman's pay looks like it was £165,000.  A major part of keeping the Chairman's job/pay/prestige is  keeping smooth relations with the big shareholders. Dermot Desmond is reported as being 2nd biggest with a 15% holding. (?) You don't actually  have to have a 1690 tattoo on your calf to ask - hang on a minute , was the other job and the Desmond connection declared by MacLennan and, if so, was it made clear to those who made the decsion at SPFL ? If  it was, and an SPFL majority were happy, then it's end of story. If not - and the SPFL's statement wording doesn't really answer King's question - then, things could be interesting.

    Play the ball not the man. Forget that it's Glib and Shameless that has asked the question. Forget the fact that he is meant to have no position at RFC. Forget the fact that nobody likes Rangers. Forget the fact that they are maybe not the best-placed club to demand transparency. Forget that it must be very difficult to get quality business people with no major affiliations /ties to clubs and shareholders to serve on the SPFL board. Forget the fact that such affiliations don't preclude doing a decent job.  The question is valid - Did the SPFL know exactly who they were appointing ?

    I agree, and I don't doubt for a second that the only reason King is going down this route so valiantly is because he knows he is right.

    And if he is, then he has played another blinder (Gerrard being the other), that will keep the Bears well fed and distracted, for a while at least.

    I have no affinity with the SPFL and if there is corruption there that is being exposed then hooray! 

  5. 16 minutes ago, bennett said:

     

    A serious conflict of interest at the very top of our game and it's whataboutery time.

    Until it is proven I think you should look a bit closer to home... 

    Even if it is proven you should still look a bit closer to home...

    This is actually free and impartial advice, that if taken up by Bears might even signal a quicker end of what is commonly known by every other association clubs' supporters as the Banter Years

  6. 9 minutes ago, bennett said:

    Right now I'm not really interested in what is commonly known as whataboutery.

    There are valid concerns regarding the chairman of the spfl not being as independent as he should be, those concerns must be thoroughly investigated.

     

    like all good Rangers men, you only care about 'whataboutery' when it suits you to do so

    Fair enough

  7. 29 minutes ago, bennett said:

    Isn't strange how every man and his dug are now in awe of the spfl....

    The spfl simply have to investigate this to ensure that everything is above board and that there was full disclosure.

     

    I think you'll find that most people are not entertaining this because Dave King has a proven track record of lies and deflection.

    Even if he has caught the SPFL out on a technicality, or even a deliberate misdemeanour, it pales into insignificance to the kind of mess he currently finds himself in.

    If only you and your fellow bears put as much effort into investigating King as you are now doing the SPFL...

  8. 11 minutes ago, bennett said:

     

    MacLennans dual roles do give cause for concern, the spfl have to be beyond reproach here.

    Agreed. However, if only Rangers fans were as equally vocal and concerned about the squeaky cleanness of their own club/company, they probably wouldn't find themselves in the mess they currently find themselves in?

    Speaking of the importance of being "beyond reproach", Dave King, like others before him, I highly doubt (according to the requirements set out in the SFA's rules) should ever have been considered as a "fit and proper" person to own any professional football team, never mind the mighty Gers.

    Despite their rather vague 'reasons' for his passing the test here https://www.scottishfa.co.uk/news/scottish-fa-statement-mr-dave-king/

    The rules regarding the “fit and proper” person test are contained in the SFA Articles of Association. They state at Article 10.2 :-

    (h)   he has been convicted within the last 10 years of (i) an offence liable to imprisonment of two years or more, (ii) corruption or (iii) fraud;

    How he managed to pass the test is beyond me... maybe one for Stewart Regan to answer? Oh wait... he bolted shortly after King lost his last court case.

    Basically, I think you should look a bit closer to home before putting energy into hanging onto Dave's every word, truthful or not, against the SPFL.

  9. 3 minutes ago, The_Kincardine said:

    Who knows?  It clearly has the potential to be a conflict of interests so should be investigated.

    Fair enough, but given Dave King's history of being a proven "glib and shameless liar", I am surprised anyone would be quick to take his side on this without being confident that he has a rock solid case to make.

    I agree though, at least for the sake of us commoners who haven't the faintest clue about the ins and outs of such matters, an investigation would be a good idea. One for our highly esteemed hacks in the main stream media to pursue perchance? 

     

     

  10. 2 minutes ago, The_Kincardine said:

    I put it up to celebrate Netta Barzila's Eurovision win.

    Amazed that you try and connect 'Protestant' and 'Israeli' - especially since not all Jews are Zionist and not all Zionists are Jews and neither have anything to do with Protestants.

    Is there an issue that you'd like to raise? 

    none at all, was just asking a genuine question. 

    you shouldn't be amazed at anything that didn't actually happen... never made that connection hence my query

    However I am surprised you put it up to celebrate a eurovision win, was that a bit like your old club wore orange shirts to celebrate your dutch players?

  11. 2 minutes ago, The_Kincardine said:

    You shouldn't find it depressing.  The past 6 years have shown that if it's £3M, £30M or £300M we will spunk it away with little return.  Unless there's a massive change at Ibrox the 'warchest' isn't the problem...the management is.  Witness Sally's team squandering £70M to get cunted by Motherwell in the Premiership play-off.

    Just purely out of interest, and nothing to do with football or the quote above I have a question. 

    You seem to be a man clearly upset with the H word being used as an alleged Protestant slur, yet you have an Israeli (Jewish faith) flag as your avatar.

    Why is this?

     

  12. I often wonder if there are any honest and objective Rangers fans out there? Any at all that can look at their clubs' past mistakes and understand why the majority of other team's supporters have a strong dislike for what they have done? Are there any that have an inkling that perhaps things are not as rosy as they are currently let to believe they are,, and stories like Morellos to China for however many million are just total and utter fabrication? Are there any that are investigating (or even slightly interested in and concerned about) the dodgy dealings, numerous court appearances and guilty verdicts handed to their leader Dave King ? 

    I must admit, Dave has played an absolute blinder by getting Gerrard in, and has bought some more time for himself in the process, but from my experience both on here and in the real world, Rangers fans are just not interested in listening to any negative word about their club, whether past or present.

  13. 2 minutes ago, Spring Onion said:

    Ok I'm at page 13 of 95, what a great novel. Honestly I'm sure I heard on radio tonight that no one has won some writing comedy award this year so they are carrying it over to be to next year, I will champion this thread...... ah wait I'm sure it has to be a fiction story. Damn!

    spoiler alert, it goes a bit downhill later on to be honest, and kind of becomes like the other laughing at rangers thread out there, but still worthy of a good read

  14. 4 minutes ago, The_Kincardine said:

    Again, I did not initiate the H Word discussion.

    Again, I stated unreservedly, that, "If we did, actually, pass the buck back to the liquidators then that is a dreadful dereliction and one I am ashamed of. "

    That you and a phalanx of diddies sought to defend a sectarian term is really down to you.  I deprecate what seems to be our actions here and denounce an unacceptable slur.  You seem to prefer to ignore the former and justify the latter.

     

    sexist and/or sectarian term imho

    mods!!!

    ;)

  15. 6 minutes ago, BawWatchin said:

    Fair dos. Back on topic.

    Gordon Neely is a very very sick ***.

    I don't think his name deserves a mention to be honest... what probably does deserve a mention is the years and years of hypocrisy displayed by rangers fans taking a sick and twisted delight in this sort of abuse committed by others, yet not saying a single word about it when it is revealed some of their own were also guilty of it

  16. 1 minute ago, The_Kincardine said:

     

    You have to remember the context.  See above.  I was asked for, " single example of the word *** being used towards someone exclusively because they are protestant" and I did.  Whether what I posted is representative or not is immaterial.  I met the brief.

    I would suspect the "single example" requested was meaning from a reputable objective and reliable source, and not a "because someone down the pub said it was" kind of example that you threw up. You met the brief yes, well done, but I would give you a D- for missing the point and general lack of effort 

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