ObserverFromAfar Posted December 24, 2014 Share Posted December 24, 2014 King has the supporters onside...King has the personal wealth to get the club back to the top.. King has the backing of many wealthy Rangers minded investors. I just cannot see why the P&Ds are worried If King has so much personal wealth... why can he not afford to pay 18 pence for one share and assume the role of a concerned and serious shareholder? 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted December 24, 2014 Share Posted December 24, 2014 I don't see what the problem is with Ashley increasing his stake. It's not like the Rangers have asked for preferential treatment before.......... Anyway enjoy your last Christmas supporting The Rangers/Sevco V2.0 -1 Quote Link to comment Share on other sites More sharing options...
youngsy Posted December 25, 2014 Share Posted December 25, 2014 Somers offered to give the dissenting shareholders "A square go". Or was it "A go on the square"? No he was more cautious than that, JG. Merry Christmas to you and yours. 0 Quote Link to comment Share on other sites More sharing options...
gastropod Posted December 25, 2014 Share Posted December 25, 2014 This is still the biggest scam ever..It has the oily tentacles of Ticketus?/Octupus investetments all over it... Charles Green did not get up one day and decide he would invest in a "distressed club".. HE was approached for a reason after the Blue Knigits were told to eff off ..A front man that the media could focus on... Nothing about the original investors ( Blue pitch /Margerita etc) .Thats where the dodgy contracts lie, its nothin more than Investors getting their money back from the old Ticketus deal .. they have bought the assets and its all in the accounts "under " OTHER OPERATING COSTS... its not the wages thats killing them ,its the % of ticket sales going to the original backers of Sevco (5088/ scotland) that the board wont tell anybody about ..Bomber kens !!!! 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 25, 2014 Share Posted December 25, 2014 I can see why the SFA blocked Ashley's intention to have a controlling stake in Rangers, it opens the doors for owners of other EPL clubs to own a SPFL club to use and abuse as feeder clubs for the EPL. I think the bears should brace themselves for an insolvency event after the new OF cup tie, this is obviously the preferred route now. Thats going to be the new party line repeated online. print media and the phone ins.... 0 Quote Link to comment Share on other sites More sharing options...
No8. Posted December 25, 2014 Share Posted December 25, 2014 Thats going to be the new party line repeated online. print media and the phone ins.... Let them say what they want. Their party line has always been that the SFA would do anything to get Rangers back to the top. This ruling has proven beyond doubt that no matter how many times the P&Ds tell that lie it will never be the truth. A Merry Christmas to all the Rangers posters on P&B. -1 Quote Link to comment Share on other sites More sharing options...
distresseduke Posted December 25, 2014 Share Posted December 25, 2014 Let them say what they want. Their party line has always been that the SFA would do anything to get Rangers back to the top. This ruling has proven beyond doubt that no matter how many times the P&Ds tell that lie it will never be the truth. A Merry Christmas to all the Rangers posters on P&B. Absolutely true that ... Why else would a new club with zip accounts get in before let's say Spartans who met the criteria ... Draw your own conclusions ..,,as long as there is no civil unrest 0 Quote Link to comment Share on other sites More sharing options...
No8. Posted December 25, 2014 Share Posted December 25, 2014 Absolutely true that ... Why else would a new club with zip accounts get in before let's say Spartans who met the criteria ... Draw your own conclusions ..,,as long as there is no civil unrest Spartans you say? I think you should loom at what the Spartans chairman said at the time. The accounts us just more wind and pish. 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted December 25, 2014 Share Posted December 25, 2014 Bomber Brown rules 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted December 25, 2014 Share Posted December 25, 2014 :thumsup2 MERRY CHRISTMAS EVERYBODY! :thumsup2 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted December 25, 2014 Share Posted December 25, 2014 So...ma is not a director of rainjurs therefore his loans count for he haw when they enter next admin...therefore the loans are unprotected & he could lose every penny ...so he has no access or ingress to a DLA either way ...therefore this is a total punt unless of course lambiass has his DLA accounted for under himself then I'm sure he could syphon the money back ahem legally Ashley's loans are protected. If Rangers default he owns Edmiston House and the Albion car park. 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted December 25, 2014 Share Posted December 25, 2014 http://www.telegraph.co.uk/sport/football/teams/rangers/11312941/Rangers-chairman-David-Somers-could-face-probe-by-Stock-Market-regulators-for-his-role-in-Mike-Ashley-bid.html Rangers chairman David Somers could face probe by Stock Market regulators for his role in Mike Ashley bid David Somers feared a successful rival bid by David King would mean the end of his chairmanship and also ensure the departure of the Easdale brothers 225 102 0 0 327 Email In the spotlight: David Somers (standing) has now come under fire Photo: PA By Roddy Forsyth 9:31PM GMT 24 Dec 2014 1 Comment Stock Market regulators have been asked to investigate the conduct of Rangers chairman David Somers during the battle for control at Ibrox between Mike Ashley and Dave King. The move follows the Telegraph’s disclosure of an email from Somers to Mike Ashley’s representative, Justin Barnes, over the proposed terms of a Sports Direct contract which the Rangers chairman feared would tip his fellow directors into supporting a takeover bid by King, a former Ibrox director. In the email, Somers expressed his fears that a successful bid by King would mean the end of his chairmanship and would also ensure the departure of Sandy Easdale, the Rangers football board chairman, and his brother, James Easdale, a Rangers plc director. Somers also threatened to vote for a Stock Exchange announcement to the effect that Rangers would terminate the Sports Direct contracts by which the club’s merchandise is sold through Ashley’s retail chain. In response to the Telegraph’s revelations, King told BBC Scotland: "His actions could be considered a breach of the Companies Act. It would seem from the email that Somers didn't like Ashley's initial proposal, yet that was the option the board finally went for. "It also seems that Somers was prepared to threaten to cancel Rangers' retail agreement with Sports Direct to prompt Ashley to provide an alternative that would protect the positions of himself and the Easdales. Ashley owns less than 10 per cent of the shares, but now seems to control the club.” Related Articles SFA 1, Mike Ashley 0 24 Dec 2014 Rangers chief pleaded for Ashley takeover to succeed 23 Dec 2014 Mike Ashley wants Rangers takeover clearance as AGM turns ugly 22 Dec 2014 Ashley looks to profit from £1m loan 22 Dec 2014 King – who is based in South Africa - assembled a consortium which proposed a £16 million debt and equity takeover deal. This was rejected by the Ibrox board after Ashley refused to meet King during his visit to the UK in October. Somers has stated that, although King claimed that his consortium had eight members, not all of their identities were disclosed to the Rangers directors. Somers has also insisted that, finally, the choice for a board whose club was close to running out of cash was to accept the offer of a loan from either Ashley or Sale Sharks owner Brian Kennedy. In the event, the chairman has said, the vote went in Ashley’s favour because the Newcastle United owner offered better terms. However, the Telegraph understands that the contents of the email between Somers and Barnes has perturbed the Scottish Football Association, which announced on Wednesday that it had rejected Ashley’s proposal to increase his Rangers shareholding to 29.9 per cent, which would give him almost total control of the beleaguered club. The request was made in person by Derek Llambias, Ashley’s lieutenant, who was appointed as Rangers’ chief executive last Friday – days after disciplinary charges were brought by the SFA stating that the billionaire businessman had exceeded the terms of an undertaking limiting his influence at Ibrox. The SFA’s refusal has cast serious doubt over the viability of a share issue due to be launched by Rangers in order to raise £8 million needed to meet the club’s financial needs for the next year. Had the SFA agreed to Ashley’s request, he would have underwritten the equity issue but it is now unclear how it will go ahead, if indeed it does go ahead. There are also questions to be answered about why votes were cast by board members against their own proposal, at Rangers’ annual general meeting on Monday, for an open share issue, rather than one principally confined to existing investors, such as Ashley. Meanwhile, one Rangers shareholder has written to the AiM investigations office, as well as the club’s LSE nominated adviser (NOMAD) and Ian Davidson, the MP whose constituency includes Ibrox, asking them to probe Somers’ conduct. The shareholder wrote: “On Tuesday 23rd December, the Telegraph newspaper online carried a story by journalist Roddy Forsyth, regarding an e-mail sent by the Rangers International Football Club Chairman David Somers to members of the board and surprisingly non-members, including a representative of Sports Direct - Justin Barnes. “The e-mail not only indicated the Chairman’s preference for investment by Mike Ashley of Sports Direct, it actively encouraged this investment, in order, it seems, to secure the Chairman’s position and that of other board members and strangely enough a non-member (one Sandy Easdale), who seems to be party to PLC Board internal communications and - if the e-mail is to be read correctly - acting as a shadow director. “A major concern for shareholders such as myself is, does activity such as this construe a “Concert Party” arrangement between board and non-board members with regards to overall boardroom influence?” The shareholder goes on to ask if Somers’ email is in breach of AiM and corporate governance practice and if it triggered a legal threat from Ashley to the Rangers chairman and/or other directors. The Telegraph understands that other Rangers shareholders are prepared to add their complaints to that already lodged with the financial regulators. All of which compounds the stormy backdrop against which caretaker manager Kenny McDowall – who was ordered by Llambias to take charge of the team after Ally McCoist was placed on gardening leave – must prepare the Rangers players for a tough fixture against Hibernian at Easter Road on Saturday. Rangers have lost twice to Hearts and once to Hibs and Queen of the South, their principal rivals for promotion to the Scottish Premiership. They now trail Hearts by 12 points and currently they look set, at best, for the Scottish Championship play-offs – with 12 Ibrox players out of contract at the end of the season. More festive cheer for Sevco. Why worry today when things will only get worse tomorrow? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted December 25, 2014 Share Posted December 25, 2014 The SOS emails have really irked Densboy, especially the fact that the media are running with them and ignored one of his 'heroes' fake emails lol 0 Quote Link to comment Share on other sites More sharing options...
supermik Posted December 25, 2014 Share Posted December 25, 2014 Thought I would have a quick look in here to see if there was a christmas ceasefire. Obviously not. Merry Xmas. 0 Quote Link to comment Share on other sites More sharing options...
Njord Posted December 25, 2014 Share Posted December 25, 2014 The SOS emails have really irked Densboy, especially the fact that the media are running with them and ignored one of his 'heroes' fake emails lol I see Mr Houston is shiteing himself over it though. 0 Quote Link to comment Share on other sites More sharing options...
Njord Posted December 25, 2014 Share Posted December 25, 2014 Help us out here Youngsy ..... "We're considering our options" ... Is this masonic speak for " Help we're going under!! " ? The swamp is all for grassing him to his ludge for doing it 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted December 25, 2014 Share Posted December 25, 2014 Merry Christmas to one and all. 0 Quote Link to comment Share on other sites More sharing options...
youngsy Posted December 25, 2014 Share Posted December 25, 2014 I see Mr Houston is shiteing himself over it though. He really isn't you know but he's upset many by highlighting them though. The swamp is all for grassing him to his ludge for doing it Already been done by UGLE members. Somers tried to intigrate himself to Rangers fans who are Masons, that's came back and hit him right in his face as many Freemasons in England haven't taken too kindly in trying to use his Masonic background in this way. 0 Quote Link to comment Share on other sites More sharing options...
youngsy Posted December 25, 2014 Share Posted December 25, 2014 Let them say what they want. Their party line has always been that the SFA would do anything to get Rangers back to the top. This ruling has proven beyond doubt that no matter how many times the P&Ds tell that lie it will never be the truth. A Merry Christmas to all the Rangers posters on P&B. All the best to you and yours 8. 0 Quote Link to comment Share on other sites More sharing options...
Njord Posted December 25, 2014 Share Posted December 25, 2014 He really isn't you know but he's upset many by highlighting them though. Already been done by UGLE members. Somers tried to intigrate himself to Rangers fans who are Masons, that's came back and hit him right in his face as many Freemasons in England haven't taken too kindly in trying to use his Masonic background in this way. You misspelled that with an 'E' instead of a 'Y'..... Merry chrimbo though youngsy.... 0 Quote Link to comment Share on other sites More sharing options...
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