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Big Rangers Administration/Liquidation Thread - All chat here!


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is he mental? Says they need more rangers men involved and then says Kennedy isn't a rangers man??

When was the last time rangers had a "rangers men" running the club? The 80s?

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Yes, Souness definitely deserves a platform here.

The man most intimately entwined with David Murray and his involvement with Rangers; the man in receipt of a sizeable and unexplained EBT long after leaving the club. Yes if anyone knows about the prudent running of Rangers, it should really be the shit of a man that is Souness.

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Souness touting Brian 'Quantum; Kennedy to come back in, lol.

http://www.bbc.co.uk/sport/0/football/28071904

A BBC story from Chick 'Faeces' Young about Souness, Kennedy & The Cardigan pooling their gingey boatils to try and get their grubby mitts on Sevco.

Fuxake, I almost choked to death on a sassij.

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What, exactly, is a 'Rangers man'?

Or is that a silly billy question?

I'm going to guess the polar opposite to 'Celtic minded'.

in fact that may be the dictionary description:

Celtic minded: not rangers men

rangers men: not Celtic minded

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^^^^^Only ever read The Urban Dictionary

how well you know me kinky..

although i do also read the profanasaurus ;)

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ssue of Equity

The Company has made an application to the London Stock Exchange for 714,285 new ordinary shares of 1p each ("New Ordinary Shares") to be admitted to trading on AIM ("Admission"). It is expected that Admission of the New Ordinary Shares will become effective and that dealings will commence at 8.00 a.m. on 7 July 2014. The New Ordinary Shares are being issued pursuant to an exercise of the options granted to Brian Stockbridge (a former Director of the Company) on admission of the Company's shares to trading on AIM pursuant to Mr Stockbridge's original contract of employment with The Rangers Football Club Limited dated 17 September 2012.

In accordance with the provisions of chapter 5 of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following this issue, its issued share capital will comprise 65,810,341 ordinary shares of 1p each. All of the existing ordinary shares and New Ordinary Shares shall have equal voting rights. The total number of voting rights in the Company following the issue of the New Ordinary Shares is therefore 65,810,341. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Freebie for Brian?

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My understanding is that all shares are technically 1p shares and trade at the current market value, there was a provision for these 'extra' shares to be issued to existing share holders (at market rates) to raise extra capital without the need for a new share issue, the motion was submitted by 'Brian' at the last AGM and was voted in by the shareholders.

Something like that anyway.

Aye Tedi, but 'why'?

He could just have bought them then without the need for diluting the existing shareholders.

There has to be a sweetener, bogof etc.

Edit to add,

Aye I get that if issued by the Company, they get the dosh as opposed to the Market ................. but there has to be a sweetener.

Edited by Bing (2)
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The shares are the sweetener. He'll be getting them at a discount.

Someone mentioned a few weeks back that whoever owned 70% of the shares got to call the shots. Do the new shares take him and his buddies up to that level?

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Someone mentioned a few weeks back that whoever owned 70% of the shares got to call the shots. Do the new shares take him and his buddies up to that level?

Feck no.

This just slightly dilutes the other shareholders %

714,000 out of almost 66,000,000 is what? 0.8 of a % at a guess.....

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Feck no.

This just slightly dilutes the other shareholders %

714,000 out of almost 66,000,000 is what? 0.8 of a % at a guess.....

But is he not in cahoots with other big shareholders? Does this tip their overall holding over the 70%.

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But is he not in cahoots with other big shareholders? Does this tip their overall holding over the 70%.

Cahoots? Employ................

Remember when he appeared?

More international distraction appears just a day after it was revealed that Brian Stockbridge -- only a few weeks after being hired by Zeus Capital -- was sent to Glasgow and put up in a house in Bearsden in early March.

That was two weeks before even the first deadline for RFC PLC RIP bidders had elapsed.

Stockbridge immediately set up an investment firm in his own name and registered it to the Bearsden address.

Soon afterwards prospective bidders (including the Blue Knights) were engaged by "representatives" from Ticketus in discussions about joint takeover bids.

In early May Ticketus announced they were stepping back from dealing with potential bids.

Days later it emerged that Charles Green (hired by Ahmad and Stockbridge) was not only a bidder, he had secured a takeover no matter what happened.

Ignore the distractions . . . Ticketus is the story.

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