joe pineapples Posted December 8, 2012 Share Posted December 8, 2012 RFCL employed Charles Green as Chief Executive for an annual salary of £360,000 per annum (plus benefits & expenses including accomm. costs) Green is also entitled to a non-contractual bonus of 100 per cent. gross salary if the Club wins promotion from the SFL. So £1 million salary over three years net of expenses and a £600k bonus if they go up to SPL? Wow. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 They don't own the carpark either 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted December 8, 2012 Share Posted December 8, 2012 They don't own the carpark either They are going to turn it into a MOT garage. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 PFA Scotland has raised an employment tribunal claim against RFCL on behalf of 67 unnamed players at the employment tribunal in Glasgow 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 Sone Aluko, Kyle Lafferty and Jamie Ness have raised employment tribunal claims against Newco. They claim constructive dismissal. 0 Quote Link to comment Share on other sites More sharing options...
Bairnforever1992 Posted December 8, 2012 Share Posted December 8, 2012 (edited) PFA Scotland has raised an employment tribunal claim against RFCL on behalf of 67 unnamed players at the employment tribunal in Glasgow EBT's? Nah it was when all the players refuse to join the newco and Charles Green threatened the players to stay. Edited December 8, 2012 by Bairnforever1992 0 Quote Link to comment Share on other sites More sharing options...
shull Posted December 8, 2012 Share Posted December 8, 2012 :lol: :lol: BLUE VERMIN ( Deceased ) :lol: :lol: :lol: :lol: NEWCUNTO F.C. ( Deid Soon ) :lol: :lol: 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 RFCL's advisers have taken issue with PFA's right to bring such a claim on behalf of the players. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 RFCL concluded legally binding missives with Capital Bank Property Investments (6) Limited (“the Head Tenant”) on 22 November 2012 RFCL has paid on conclusion of the missives a deposit of one hundred and fifty thousand pounds (£150,000) sterling (plus VAT) creating an option in favour of RFCL to procure a renunciation from Head Tenant of its interest in head lease of Albion Street Car Park If RFCL intend to buy Albion car park then they will have to shell out £1,500,000 - but ithey do not then they lose their deosit of £150,000 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 RFCL at conclusion of the missives put down a deposit of eighty thousand pounds (£80,000) sterling plus VAT for Edmiston House For RFCL to buy Edmiston House the purchase price is eight hundred thousand pounds (£800,000) sterling plus VAT. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 The prospectus says after 'the Fundraising' the club may require additional funding after 18 months.” 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted December 8, 2012 Share Posted December 8, 2012 Ally McCoist is contracted to get a bonus if the club wins a domestic treble or qualifies for the Champions League. Obviously doesn't get a bonus for winning the challenge cup 0 Quote Link to comment Share on other sites More sharing options...
AC PETE Posted December 8, 2012 Share Posted December 8, 2012 (edited) So you think wiki is reliable? Change yer team to Rangers and start posting articles from Wiki and see what happens 10000 is slightly different than a few hundred, but hey better than fans disguised as green seats The rest of your post is typical jakey, no further comment needed First of all, I mentioned the sources which wiki compiled. Check them out, pal. They're more reliable than clubs' own history annuals which you seemingly take for gospel. Second of all, and check this out, who gives a f**k about attendance? Celtic get lower attendance at SPL and domestic cup games generally than at the Champions League games. There are many reasons why and, YES, glory hunting IS A reason, but you have to consider cost, opponent and other issues. The facts here are that attendances don't win or lose games, players' performances do. Anyway- your team is dead. Hearts- started again. Middlesborough- started again. Leeds- gained a CVA. Rangers- will be liquidated in 2013. Sevco- born in 2012 (will die in 2013). You can fling insults around, as is your mob's wont, but the facts exist. Research them and save yourself the cost of investing in the holding company for a holding company for a team who will not trade in 1 year's time. Edited December 8, 2012 by AC PETE 0 Quote Link to comment Share on other sites More sharing options...
Guest Kincardine Posted December 8, 2012 Share Posted December 8, 2012 I think there was talk of imposing a points deduction from the oldco to the newco. I'm sure 25 points were on the menu and also some kind of calculated method of removing a third of the points haul Rangers PLC had managed last season if Rangers were found guilty of dual contracts. I actually don't mind what the punishment is. What I found distrubing was your comment, "So what happens then if the SPL commission goes the SPL's way" I may be being idealistic here but surely there isn't an, "SPL way"? Surely to god this isn't the set-up that you're suggesting? 0 Quote Link to comment Share on other sites More sharing options...
Henrik's tongue Posted December 8, 2012 Share Posted December 8, 2012 Ally McCoist is contracted to get a bonus if the club wins a domestic treble or qualifies for the Champions League. :lol: 0 Quote Link to comment Share on other sites More sharing options...
AC PETE Posted December 8, 2012 Share Posted December 8, 2012 Love the idea of Saldo being on a performance-based contract. The auld yen is out of, what, 6 competitions (CP, EL, LC, SC, LC, Rams) since he took charge? 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted December 8, 2012 Share Posted December 8, 2012 The prospectus says after 'the Fundraising' the club may require additional funding after 18 months." 122 pages , got to go to work so read it for me https://www.rangersshareoffer.com/Prospectus.pdf 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted December 8, 2012 Share Posted December 8, 2012 PART II RISK FACTORS The business and assets of the Club were acquired by RFCL from the administrators of RFC 2012 plc RFCL purchased the assets and business of the Club from the administrators of RFC 2012 plc and upon completion of the Acquisition, RFCL will become a wholly owned subsidiary of the Company. Whilst the liabilities and creditors of RFC 2012 plc were excluded from the business and assets transferred to RFCL, there can be no certainty that there are no liabilities attached to the business or which may otherwise arise in relation to assets acquired by RFCL (more specifically, whilst RFCL did not acquire liabilities or creditors pursuant to the APA, as a condition to the transfer of the Club’s SFA membership to RFCL, RFCL was required by the Scottish football authorities (SFA, SPL and SFL) to take responsibility for football creditors of RFC 2012 plc pursuant to the 5 Way Agreement. Three of these football creditors remain outstanding and the maximum amount payable by RFCL is approximately £1.7 million). Further uncertainty in relation to potential liabilities may arise from the appointment of the liquidators of RFC 2012 plc and the termination of the office of the administrators of RFC 2012 plc. The Directors consider that the risk of liabilities, other than as may be referred to in this document, has been mitigated by the competitive bidding process as a result of which RFCL acquired the assets and business under the APA, the terms of the APA itself which do not provide for RFCL to assume any liabilities and the fact that RFCL has acted in good faith as a bona fide purchaser on arms length terms. Whilst RFCL cannot be certain that a liquidator or a creditor of RFC 2012 plc would not seek to try to establish grounds under the provisions of the Insolvency Act 1986 to challenge the acts of the administrators of RFC 2012 plc, the Directors consider that all necessary steps have been taken to ensure historic liabilities of RFC 2012 plc remain with RFC 2012 plc and that the APA is valid, binding and enforceable. There remains a risk that any such claim against the RFCL Group or the Rangers Group by a creditor or the liquidator of RFC 2012 plc would result in management time and attention being diverted from the operation of the business. + Ahmed listed as ''key employee'' so he is still there 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 8, 2012 Share Posted December 8, 2012 the Commission does not have jurisdiction over RFCL for the purpose of any investigation or any resulting determination made, and therefore has no jurisdiction to impose sanctions on RFCL. If the Commission seeks to find grounds to impose sanctions which affect the Club retrospectively, such as stripping the Club of historic achievements such as title wins, the legal basis for any such sanctions would be strongly challenged by the RFCL Group or the Rangers Group. The Directors do not believe that a financial impact could arise, but it could result in management time and attention being diverted from the operation of the business of the RFCL Group and the Rangers Group. + None of the major shareholders can sell shares within 12 Months, so much for cut and run Thought you were Rangers International now?? 0 Quote Link to comment Share on other sites More sharing options...
thenolly Posted December 8, 2012 Share Posted December 8, 2012 Oh cmon at least try and pick up on something from the document, lots of juicy stuff in there for both sides to pick up on Name jibes are a bit petty Just woke tedi so a cheap broadside anyway whats the source of that, and the shareholders can't sell in 12 months seems a strange one for any company 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.