dogmc Posted November 26, 2016 Share Posted November 26, 2016 This is, young DA, indubitable. The take away from today's AGM is that we're Three Men in a Boat* paddling past the Broomielaw without a pot to piss in whilst towing a fat Cockney b*****d. *Apologies to JKJ Paddling?? How much water did you lot nick from Scottish water??[emoji2] 0 Quote Link to comment Share on other sites More sharing options...
kildog Posted November 26, 2016 Share Posted November 26, 2016 Tick tock. 0 Quote Link to comment Share on other sites More sharing options...
scottxs Posted November 26, 2016 Share Posted November 26, 2016 Paddling?? How much water did you lot nick from Scottish water??[emoji2] No water has been stolen. It's a loan 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted November 26, 2016 Share Posted November 26, 2016 2 hours ago, dogmc said: Paddling?? How much water did you lot nick from Scottish water?? Sevco spring £1.50 per bottle.... 0 Quote Link to comment Share on other sites More sharing options...
dogmc Posted November 26, 2016 Share Posted November 26, 2016 Sevco spring £1.50 per bottle.... Is it good for diluting orange??[emoji2] 0 Quote Link to comment Share on other sites More sharing options...
Highlandmagyar Posted November 27, 2016 Share Posted November 27, 2016 This is, young DA, indubitable. The take away from today's AGM is that we're Three Men in a Boat* paddling past the Broomielaw without a pot to piss in whilst towing a fat Cockney b*****d. *Apologies to JKJ That did make this diddy laugh. 0 Quote Link to comment Share on other sites More sharing options...
muirkirk nil Posted November 28, 2016 Share Posted November 28, 2016 http://www.dailyrecord.co.uk/news/scottish-news/dave-king-loses-chance-weaken-9349401 The former Rangers manager failed to vote on Resolution 11 which would failed to be successful by just 1%. BYGARY RALSTON Dave King’s bid to weaken Mike Ashley’s influence at Rangers has been thwarted – after Ally McCoist failed to vote on a vital AGM resolution. The Record understands that chairman King failed by less than one per cent to win 75 per cent of shareholder approval for his boardroom plan, known as Resolution 11. It would have allowed the board to introduce a new shares issue next year but give King and Co the mandate to allocate shares as they saw fit. McCoist, who owns about 1.25 per cent of the Ibrox outfit, could have pushed the vote over the line and helped dilute the influence of Sports Direct owner Ashley and his allies the Easdale brothers at the club. However, he did not cast a vote at Friday’s AGM and neither, for the second year in a row, did former chairman Malcolm Murray, who owns about 0.25 per cent of Rangers. It is unclear why McCoist failed to vote. If Resolution 11 was passed, it would have seen his shareholding diluted by half without him making a fresh cash injection. There is anger and disbelief at Rangers boardroom level at the actions of McCoist, in particular, who was awarded penny shares by former chief executive Charles Green. Ibrox followers will also be dismayed at the action of their greatest goalscorer in failing to support a board widely seen by Rangers supporters as having the best interests of the club at heart. McCoist’s failure to vote will disappoint King, who backed his friend during most of 2015, when he was on gardening leave after quitting as manager the previous December. Many fans felt McCoist should have ripped up his £750,000-a-year contract when King’s regime took over the club last year. However, the South African-based tycoon argued the former manager and first team coach was right to expect his contract be respected and honoured in full. Had Resolution 11 been passed, Rangers were expected to exclude Ashley and the Easdales from the offering, which would have diluted their collective share by half to about eight per cent. A similar resolution at last year’s AGM failed by 1.2 per cent, but the fact it is closer this year will be a source of frustration to the board. They are still expected to give the go-ahead to raise cash after another resolution was passed by more than 50 per cent of shareholders. However, Ashley and all shareholders, will be offered a chance to buy shares at least to the level of their current holding. McCoist and Murray declined to comment.http://www.dailyrecord.co.uk/news/scottish-news/dave-king-loses-chance-weaken-9349401 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted November 28, 2016 Share Posted November 28, 2016 http://www.dailyrecord.co.uk/news/scottish-news/dave-king-loses-chance-weaken-9349401 The former Rangers manager failed to vote on Resolution 11 which would failed to be successful by just 1%. BYGARY RALSTON Dave King’s bid to weaken Mike Ashley’s influence at Rangers has been thwarted – after Ally McCoist failed to vote on a vital AGM resolution. The Record understands that chairman King failed by less than one per cent to win 75 per cent of shareholder approval for his boardroom plan, known as Resolution 11. It would have allowed the board to introduce a new shares issue next year but give King and Co the mandate to allocate shares as they saw fit. McCoist, who owns about 1.25 per cent of the Ibrox outfit, could have pushed the vote over the line and helped dilute the influence of Sports Direct owner Ashley and his allies the Easdale brothers at the club. However, he did not cast a vote at Friday’s AGM and neither, for the second year in a row, did former chairman Malcolm Murray, who owns about 0.25 per cent of Rangers. It is unclear why McCoist failed to vote. If Resolution 11 was passed, it would have seen his shareholding diluted by half without him making a fresh cash injection. There is anger and disbelief at Rangers boardroom level at the actions of McCoist, in particular, who was awarded penny shares by former chief executive Charles Green. Ibrox followers will also be dismayed at the action of their greatest goalscorer in failing to support a board widely seen by Rangers supporters as having the best interests of the club at heart. McCoist’s failure to vote will disappoint King, who backed his friend during most of 2015, when he was on gardening leave after quitting as manager the previous December. Many fans felt McCoist should have ripped up his £750,000-a-year contract when King’s regime took over the club last year. However, the South African-based tycoon argued the former manager and first team coach was right to expect his contract be respected and honoured in full. Had Resolution 11 been passed, Rangers were expected to exclude Ashley and the Easdales from the offering, which would have diluted their collective share by half to about eight per cent. A similar resolution at last year’s AGM failed by 1.2 per cent, but the fact it is closer this year will be a source of frustration to the board. They are still expected to give the go-ahead to raise cash after another resolution was passed by more than 50 per cent of shareholders. However, Ashley and all shareholders, will be offered a chance to buy shares at least to the level of their current holding. McCoist and Murray declined to comment.http://www.dailyrecord.co.uk/news/scottish-news/dave-king-loses-chance-weaken-9349401 Ally Tank Commander. 0 Quote Link to comment Share on other sites More sharing options...
H Wragg Posted November 28, 2016 Share Posted November 28, 2016 Desired outcome fails to materialise narrowly due to folk not voting. Who are these people? 0 Quote Link to comment Share on other sites More sharing options...
MEADOWXI Posted November 28, 2016 Share Posted November 28, 2016 On 25/11/2016 at 20:17, Monkey Tennis said: What was it I heard on the Radio? King saying that Rangers will need to keep running at a loss for a few more years to get where they belong? How exactly do they belong in a place they can't afford to inhabit? When was the last year NewCo or Oldco or Sevco or Rangers under SDM actually ran at a proft, What level of European involvement is required to break even....... Or is it all bollocks. 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted November 28, 2016 Share Posted November 28, 2016 3 hours ago, muirkirk nil said: http://www.dailyrecord.co.uk/news/scottish-news/dave-king-loses-chance-weaken-9349401 The former Rangers manager failed to vote on Resolution 11 which would failed to be successful by just 1%. BYGARY RALSTON Dave King’s bid to weaken Mike Ashley’s influence at Rangers has been thwarted – after Ally McCoist failed to vote on a vital AGM resolution. The Record understands that chairman King failed by less than one per cent to win 75 per cent of shareholder approval for his boardroom plan, known as Resolution 11. It would have allowed the board to introduce a new shares issue next year but give King and Co the mandate to allocate shares as they saw fit. McCoist, who owns about 1.25 per cent of the Ibrox outfit, could have pushed the vote over the line and helped dilute the influence of Sports Direct owner Ashley and his allies the Easdale brothers at the club. However, he did not cast a vote at Friday’s AGM and neither, for the second year in a row, did former chairman Malcolm Murray, who owns about 0.25 per cent of Rangers. It is unclear why McCoist failed to vote. If Resolution 11 was passed, it would have seen his shareholding diluted by half without him making a fresh cash injection. There is anger and disbelief at Rangers boardroom level at the actions of McCoist, in particular, who was awarded penny shares by former chief executive Charles Green. Ibrox followers will also be dismayed at the action of their greatest goalscorer in failing to support a board widely seen by Rangers supporters as having the best interests of the club at heart. McCoist’s failure to vote will disappoint King, who backed his friend during most of 2015, when he was on gardening leave after quitting as manager the previous December. Many fans felt McCoist should have ripped up his £750,000-a-year contract when King’s regime took over the club last year. However, the South African-based tycoon argued the former manager and first team coach was right to expect his contract be respected and honoured in full. Had Resolution 11 been passed, Rangers were expected to exclude Ashley and the Easdales from the offering, which would have diluted their collective share by half to about eight per cent. A similar resolution at last year’s AGM failed by 1.2 per cent, but the fact it is closer this year will be a source of frustration to the board. They are still expected to give the go-ahead to raise cash after another resolution was passed by more than 50 per cent of shareholders. However, Ashley and all shareholders, will be offered a chance to buy shares at least to the level of their current holding. McCoist and Murray declined to comment.http://www.dailyrecord.co.uk/news/scottish-news/dave-king-loses-chance-weaken-9349401 Gary (WATP) Ralston...a L5 masterpiece , children were crying in the sleep when evil McCoist failed to back his life long friend Davy, one source said, this is worse than the holocaust, I blame The SNPs Catholic Scotland. -1 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted November 28, 2016 Share Posted November 28, 2016 2 hours ago, MEADOWXI said: When was the last year NewCo or Oldco or Sevco or Rangers under SDM actually ran at a proft, What level of European involvement is required to break even....... Or is it all bollocks. I'm pretty sure they can break even at any level, making a profit in the diddy leagues should have been a skoosh, apparently financial mismanagement is their default position at all times. 0 Quote Link to comment Share on other sites More sharing options...
aDONisSheep Posted November 28, 2016 Share Posted November 28, 2016 Dead Rangers made profits in several years. The problem they had was that they had to get CL group stages or a very long Waffa Cup run to do it. It was pretty much binary, in years with CL group stage the club would make a profit, in years without, it would make losses. Nookie Whyte gambled on CL monies propping up his crumbling club, but he hadn'the allowed for the Ally 'Beachgrove Garden' McCoist effect. Happy days (contented sigh smiley here). aDONis 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted November 28, 2016 Share Posted November 28, 2016 I don't see why the other 41 Scottish teams don't run like Rangers (newco). What an amazing business model. 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted November 28, 2016 Share Posted November 28, 2016 Mr mccoist, would you like to vote to half your holdings in the company for no apparent gain other than to line kings pockets? 0 Quote Link to comment Share on other sites More sharing options...
die hard doonhamer Posted November 28, 2016 Share Posted November 28, 2016 I don't see why the other 41 Scottish teams don't run like Rangers (newco). What an amazing business model. No ambition, obviously. 0 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted November 30, 2016 Share Posted November 30, 2016 More bleak news for Sevco.....and that's if they do actually reach Europe. They continue to profess they are the same team, so I reckon the debts they owe are actually well over £100,000,000, plus the face painter and the paper bill....lol. UEFA are going to look total twats if they grant the financial basket case that is Sevco FC a licence to compete in Europe. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-only-able-play-europe-9360873 0 Quote Link to comment Share on other sites More sharing options...
wulliamwallace Posted November 30, 2016 Share Posted November 30, 2016 Have they paid the £250k fine yet ??? 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted November 30, 2016 Share Posted November 30, 2016 But but but their finances are the "envy of the footballing world" 0 Quote Link to comment Share on other sites More sharing options...
Sting777 Posted November 30, 2016 Share Posted November 30, 2016 3 hours ago, wulliamwallace said: Have they paid the £250k fine yet ??? More to the point, have they paid their paper bill and the face painter yet? Aye, as we constantly told, they are the same club....except when it comes to paying their bills 0 Quote Link to comment Share on other sites More sharing options...
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