AberdeenBud Posted May 29, 2013 Share Posted May 29, 2013 Oh no a typo!!! Just checking, thought MT might have a debilitating problem with the pores in his feet that you know about. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted May 29, 2013 Share Posted May 29, 2013 Agenda clear but more tough decisions ahead for Rangers board Richard Wilson Sports writer Wednesday 29 May 2013 Malcolm Murray is likely to face another challenge to his position as Rangers chairman today. Malcolm Murray He ought to be used to the circumstances, since every board meeting for the past two months has involved discussions, sometimes heated, about his involvement in the club. The directors met last Friday to vote on the matter, only for the gathering to be abruptly brought to a halt. Had it gone ahead, Murray would have been voted off. His future will not be the only item on the agenda today, but it is certain to feature prominently. For all of his obvious and heartfelt affection for the club, and his commitment to good corporate governance, Murray is a flawed chairman. With him at the helm, the board is thought to lack leadership and decisive decision-making, with much of the business of the last few months spent on internal politics – there was a fierce clash of personalities between Murray and Charles Green, the former chief executive – rather than driving the club forward. The majority of the directors, some of them reluctantly and including Walter Smith, have come to the same conclusion, but the process is not straightforward. Murray would need to be replaced, although it could be an interim appointment. There are four current non-executive directors but one of them, Philip Cartmell, has only attended one board meeting. That remoteness would not suit the role. Smith has intimated in the past that he has no wish to hold the position. That leaves Ian Hart, a lifelong fan and respected business figure, and Bryan Smart, another who has an emotional attachment, but neither may be keen given the difficulties that chairing the board may bring, with much of the club's business having been carried out in public in recent months and a lack of unity amongst directors and fans alike. There are good working relationships around the board table, though. On the current issues, Hart and Smith are increasingly in agreement, with Smart often also sharing similar views. Craig Mather, the chief operating officer, and Brian Stockbridge, the finance director, have also been prepared to vote in favour of moves that would bring some stability to the board. With an emergency general meeting having been requested by Blue Pitch Holdings, with four issues to be addressed – to remove Murray, to remove Cartmell, to appoint James Easdale and to appoint Chris Morgan – there is a desire to find the means to negotiate a settlement in advance that is not disruptive. There are two stages to Rangers returning to a more stable, productive set-up. The first is change in the boardroom, which is likely to begin to be addressed today. Disagreements amongst directors have not always followed along 'Rangers men' and 'non-Rangers men' lines, and there have been few clear-cut points of disagreement; the subtleties and the nuances have often been lost in the rush to impose a clear narrative on events. It is more that the board has lacked strong leadership, from the chairman, and some of the dissent has been leaked. A new chairman, and perhaps a vice-chairman with a specific remit, would go some way to restoring order to the boardroom. It is considered highly unlikely that Green will return, despite being the majority shareholder with a 7.8% stake. Having resigned as chief executive last month, he was allowed to remain on the board as a director until May 31, so he can participate in today's meeting. The independent investigation into the level of collusion last summer between Green and Craig Whyte, the former owner – which was launched by Murray and carried out by Pinsent Masons and Deloitte – has been completed, but the results have not yet been seen by all of the directors. A detailed statement on the outcome is unlikely, but there seems little prospect of a return for Green. He remains popular with some fans, although the consensus view is that the club needs to draw a distinct line under the turbulence of the past 12 months. Even if matters are addressed in the boardroom, where many of the issues have become centred on personalities, Rangers' long-term stability is likely to require a change in the balance of shareholders. As revealed in the prospects ahead of last December's Initial Public Offering of shares, members of Green's initial consortium can begin to sell their stakes in June. Green himself, as well as Imran Ahmad, the former commercial director, have to wait until 12 months have elapsed before they can trade, although lock-in agreements do often leave room for manoeuvre. Dave King, the former Rangers director, has previously admitted to monitoring the situation. Even if last year's season ticket sales could be repeated, there is the likelihood that Rangers will need additional funding on or before the club's return to the top flight. King has always believed that the business model will require further investment to be successful. With the Rangers Supporters Trust, as well as individuals, having bought shares during the IPO, there is also an opportunity for the fans to take larger stakes in the club if they can work together to pool their influence. The board meeting today may well begin to address some of the issues that have been troubling Rangers in recent months. There will still be other difficult decisions to be made in the weeks ahead. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted May 29, 2013 Share Posted May 29, 2013 Something must be up, there hasn't been any leaks yet. 0 Quote Link to comment Share on other sites More sharing options...
AberdeenBud Posted May 29, 2013 Share Posted May 29, 2013 Fixed it for you Hate ta see ya all confused lad. I worded it wrong so, Fookin hell you lot are really quite sensitive sometimes. I am quite aware you lot feel the same way about Celtic as you do rangers and I could not give two fooks monkey. HTH I hope I didn't offend your sweat sensitive sole too much. Try again, 3rd time lucky. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted May 30, 2013 Share Posted May 30, 2013 Monkey does like his high horse. And WKR. They spend all their time slagging off Celtic and rangers and you say one word against them and they are throwing their toys out the pram and crying about arse cheeks As I said they are very sensitive, and they actually think it bothers Celtic fans they don't like us :lol: P&Bers - bringing harmony to the Glasgow divide since 2012. Get a room, lads. 0 Quote Link to comment Share on other sites More sharing options...
beermonkey Posted May 30, 2013 Share Posted May 30, 2013 P&Bers - bringing harmony to the Glasgow divide since 2012. Get a room, lads. No-one likes them. But they don't care. Honest...They really really don't care. Except when someone mentions that they don't like them. -1 Quote Link to comment Share on other sites More sharing options...
No8. Posted May 30, 2013 Share Posted May 30, 2013 New Chairman to be announced but yet again it has been leaked to the press..Walter Smith is to take over after Malcolm Murray agreed to step down. The optimist in me sees this as Zeus being out voted and hopefully an end to the Easdales dream of a place on the board. The cynic in me sees this as a wise move by money men to shift season tickets by putting THE Rangers legend in place but merely as a figure head with no real power. I suppose time will tell. 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted May 30, 2013 Share Posted May 30, 2013 They are so fecked From running a couple of seedy pubs, to being at the helm at the Titanic 2, leading a global institution with 500 Million Bears. Now this 'is' a 'tic dream. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted May 30, 2013 Share Posted May 30, 2013 What idiot would have written that nonsense? As ever they talk big, but say nothing. They are just full of bluster and cliches. Trust Walter and all will be well. They have this wonderful ability to blame everyone or anyone else when things go wrong, but dump responsibility onto others to sort things out and kiss things better. Without them actually engaging in the whole thing. Who tucks these guys up in bed at night? Bunch of big weans. In my experience, many (ex-)OF fans have this terrible urge to give their life purpose and meaning by investing all of their energy and identity in their team, imagining they have some say in how it's run. Some of the posturing on their forums is laughable. If they'd just walk away from football for a few years, ignore the tv and MSM coverage and find other more important interests, they might find that they come out the far end as healthier, happier, better-balanced people. Rangers fans might just have to do that, anyway. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted May 30, 2013 Share Posted May 30, 2013 Oh no a typo!!! Or three. 0 Quote Link to comment Share on other sites More sharing options...
flyingrodent Posted May 30, 2013 Share Posted May 30, 2013 They are so fecked RCyzFrQ.jpg From running a couple of seedy pubs, to being at the helm at the Titanic 2, leading a global institution with 500 Million Bears. Now this 'is' a 'tic dream. Sounds like the board has realised that New Rangers can't be polished, and have now decided to roll it in glitter. 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted May 30, 2013 Share Posted May 30, 2013 There will be no whitewash,,,,,,at the big house. Conclusion of Independent Review Thu, 30th May 2013 07:00 RNS Number : 8534F Rangers Int. Football Club PLC 30 May 2013 30 May 2013 Rangers International Football Club plc (the "Company") Conclusion of Independent Review On behalf of Rangers International Football Club plc, the non-executive directors of the Company (the "Investigation Committee") engaged the law firm Pinsent Masons LLP to investigate the connections between Craig Whyte and former and current personnel of the Company and its subsidiaries (the "Investigation"). The Investigation was overseen by Roy Martin QC. The Investigation concluded on 17 May 2013 and Pinsent Masons and Roy Martin QC have reported to the Investigation Committee. The Investigation Committee is satisfied that a thorough investigation was conducted despite the inherent limitations of a private inquiry. Based on the assessment of the available evidence, the Company considers that the Investigation found no evidence that Craig Whyte had any involvement with Sevco Scotland Limited (now called The Rangers Football Club Limited), the company which ultimately acquired the business and assets of The Rangers Football Club P.L.C. from its administrators; nor which would suggest that Craig Whyte invested in The Rangers Football Club Limited or Rangers International Football Club plc, either directly or indirectly through any third party companies or vehicles. On 28 May 2013, a letter before claim was sent to (inter alia) The Rangers Football Club Limited and Rangers International Football Club plcon behalf of Craig Whyte, Aidan Earley and (purportedly) Sevco 5088 Limited. The Rangers Football Club Limited and Rangers International Football Club plc will be preparing a robust response to the letter before claim. However, given that legal proceedings are threatened in the letter before claim, it would not be appropriate to make public any further content from the report or to comment further about the contents. Pinsent Masons' and Roy Martin's reports to the Company are confidential and legally privileged. This announcement is not intended to and does not serve to waive privilege in the contents of the reports which remain confidential and legally privileged. For further information please contact: Rangers International Football Club plc www.rangers.co.uk Craig Mather, CEO Brian Stockbridge, FD Tel: 0141 580 8647 Cenkos Securities plc Tel: 020 7397 8900 Stephen Keys, Adrian Hargrave, Max Hartley (Corporate Finance) Russell Kerr (Corporate Broking) Newgate Threadneedle Tel: 020 7148 6143 Graham Herring / John Coles / Roddy Watt / Fiona Conroy 0 Quote Link to comment Share on other sites More sharing options...
No8. Posted May 30, 2013 Share Posted May 30, 2013 They are so fecked RCyzFrQ.jpg From running a couple of seedy pubs, to being at the helm at the Titanic 2, leading a global institution with 500 Million Bears. Now this 'is' a 'tic dream. The Houston Inn is a seedy pub? 0 Quote Link to comment Share on other sites More sharing options...
No8. Posted May 30, 2013 Share Posted May 30, 2013 Blah Blah Blah.......................... Yet again the Ps&Ds backed a loser. It has come to them believing the likes of proven liar and all round shyster in their desperation to bring our club down. 54 titles and still going strong. -1 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted May 30, 2013 Share Posted May 30, 2013 The Houston Inn is a seedy pub? Was referring to the clientele..... Seriously though. Wattie has zero experience for this. Used as a figurehead , aye, but Chairman? 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted May 30, 2013 Share Posted May 30, 2013 Yet again the Ps&Ds backed a loser. It has come to them believing the likes of proven liar and all round shyster in their desperation to bring our club down. 54 titles and still going strong. Shocker that Rangers appointed enquiry finds Rangers not guilty. The 54 titles version of Rangers are emphatically NOT still going strong. They died - surely you remember that event? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted May 30, 2013 Share Posted May 30, 2013 There will be no whitewash,,,,,,at the big house. "..... Based on the AVAILABLE evidence...." Wonder what the chances of being presented with ALL the evidence were? Easy money for the lawyers....again. 0 Quote Link to comment Share on other sites More sharing options...
Double Jack D Posted May 30, 2013 Share Posted May 30, 2013 54 titles and still going strong. A world record for the most inaccurate six word statement ever? 0 Quote Link to comment Share on other sites More sharing options...
Bookies Love Me Posted May 30, 2013 Share Posted May 30, 2013 "..... Based on the AVAILABLE evidence...." Wonder what the chances of being presented with ALL the evidence were? Easy money for the lawyers....again. Is this not the same quote that was used in the EBT case? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted May 30, 2013 Share Posted May 30, 2013 New Chairman to be announced but yet again it has been leaked to the press..Walter Smith is to take over after Malcolm Murray agreed to step down. The optimist in me sees this as Zeus being out voted and hopefully an end to the Easdales dream of a place on the board. The cynic in me sees this as a wise move by money men to shift season tickets by putting THE Rangers legend in place but merely as a figure head with no real power. I suppose time will tell. Trust your cynicism. Manipulation of the fanbase is Stockridge's prerequisite to getting back the Ticketus monies. The Cardi"s appointment will be dressed up in plenty of corporate bullspin to ensure strong ST sales. The Gangsta problem however, well, that is still a real and present danger. 0 Quote Link to comment Share on other sites More sharing options...
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