BigRubberFist Posted January 6, 2015 Share Posted January 6, 2015 Sounds like Ashley will continue to keep the club on a financial dripfeed until he owns lock, stock, the whole flipping lot. As long as he controls the boardroom, ALL offers for the club will be rejected. 0 Quote Link to comment Share on other sites More sharing options...
Musketeer Gripweed Posted January 6, 2015 Share Posted January 6, 2015 It seems beggars can be choosers after all then. What a fucking circus. 0 Quote Link to comment Share on other sites More sharing options...
ribzanelli Posted January 6, 2015 Share Posted January 6, 2015 I know it's not a popular view but actually now I feel a bit sorry for the ordinary punter who has nothing to do with all the bigoted /triumphalism shite who just enjoys a game at Ibrox once a fortnight. I feel sorry for him too 0 Quote Link to comment Share on other sites More sharing options...
ThreeBearsOneKing Posted January 6, 2015 Share Posted January 6, 2015 Statement re Rangers Football Club Further to statement issued by Rangers Int. Football Club Plc ("RIFC") on 5 January 2015, Robert Sarver, the US financier and majority owner of the National Basketball Association franchise Phoenix Suns, confirms that he has made an approach to the Board of RIFC with a view to explore the possibility of purchasing the entire issued share capital of the company. Mr Sarver also notes the deadline of 5.00 p.m., 2 February 2015 in accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Takeover Code"). Nothing in this announcement constitutes an announcement of a firm intention to make an offer in accordance with Rule 2.7 of the Takeover Code. There can be no certainty that an offer will be made nor as to the terms on which any offer might be made. Mr Sarver revealed that it was conversation with former Rangers player, Davie Robertson, now a successful youth football director in Phoenix, Arizona, which first sparked his interest in the club. Speaking from Arizona, Mr Sarver said: "My three sons all play soccer, as we call it here in the US, for Davie's club. "Initially, I'd had some of my advisors examining potential investments in teams in the English Premier League and in Spain, but Davie encouraged me to take a close look at Rangers. "Like all Rangers fans, he's really upset about how far the club has fallen in recent years and the more we spoke, the more interested I became. "I'd be the first to admit that I'm not a lifelong Rangers supporter, but anyone who knows me is aware that I'm a genuine sports fanatic and owning two major basketball franchises for the past decade has been an enormous privilege. "I've spent the vast majority of my career in public companies and I'm used to working in very highly regulated environments. I understand the crucial importance of business integrity and transparency. "Rangers fans have every right to be wary about someone showing an interest in the club they love, especially given some of the events of recent years. "First and foremost I believe what the club needs today is a very quick, major injection of capital to stabilise things and I can give the Rangers supporters a categorical assurance that I have the resources and ability to get this club back to its elite level. "I'm looking forward to building a consensus amongst supporters and prominent Rangers-minded figures who have the long-term success of the club at heart. "I've had detailed research carried out on Rangers and I'm convinced that we could take it back to the top of the Scottish game on a stable and sustainable basis." Mr Sarver is a highly-respected CEO of New York Stock Exchange-listed Western Alliance Bancorporation, a $10 billion dollar bank holding company, and also sits on the board of directors of two other major publicly-listed US companies, Meritage Homes and Skywest Airlines. He has already provided proof of funds to the Rangers board. A high-profile figure in US sports, he purchased a majority ownership in the Phoenix Suns basketball franchise in 2004. During Mr Sarver's tenure the team boasts the fourth-best winning record in the NBA. Women's basketball is also big in the US and, under Mr Sarver's ownership, Phoenix Mercury has won three WNBA titles. Former Rangers Football Club player, Davie Robertson, said: "I've known Robert for several years. He has been very supportive of our local club and has a very good reputation in the US. "When he said he was looking to invest in football in Europe, I told him right away that Rangers could really be doing with someone with his track record. I explained how far the club has fallen, but that there was huge potential to rebuild it." Mr Robertson, who played 245 times for Rangers over six seasons and was part of the side which won nine-in-a-row, continued: "Even though I'm now based over here, I always watch really closely how things are going at Ibrox and it's tragic to see how a club which was once a force in Europe has been brought so low. "I can tell every Rangers fan in Scotland and abroad, if Robert Sarver is successful in becoming part of the club, he'll not rest until they are back on top again." Sounds promosing indeed, like I said the end game is nigh. Ideally King and the three bears will acquire the club this week or next. 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted January 6, 2015 Share Posted January 6, 2015 The ultimate "Lifeboat Option". Quite simply, the best way to protect his loans if this particular ship shows signs of sinking. Equally, holds the key positions to ensure particular contracts, onerous or otherwise, are under his control. Sensible move from Ashley really. Options available if needed. Ashley's loans are already protected. If Rangers default he'll be the proud owner of a derelict building and a car park, allegedly worth more than £3 million. 0 Quote Link to comment Share on other sites More sharing options...
ThreeBearsOneKing Posted January 6, 2015 Share Posted January 6, 2015 Was it a genuine approach, I don't think so?. Looked more like a distraction away from the sheer panic to pay that NI bill. Who is Sarver connected to...Lethem?. Lethem/Park/Taylor appear more board friendly than David King, but maybe this also served to force Mike Ashley's hand. I take it Somers approached Mike Ashley a couple of days ago for another loan and Ashley said no??. Now I doubt now that this has anything to do with the SFA ruling stopping Ashley, he does what wants anyway (the appointment of Barry Leach to the board). Maybe Sarver has been around for a while and might even have been involved with those silent American investors that were rumoured to be pulling the strings back during Green's and Stockdale's time at the club???. I'm certain it was. A disraction away from what? It took the matter of minutes for this to be cleared. He's independant and connected to no one, but willing to work with King, Park and co. Ashley already had the option of adding two people on the board, he can add another. I highly doubt it, you never know though. I'm sure the obsessed will be doing a background check on him as we speak. 0 Quote Link to comment Share on other sites More sharing options...
BigRubberFist Posted January 6, 2015 Share Posted January 6, 2015 He's not allowed to have interests in two clubs - as per SPFL rules - yet he does. He simply doing what Brian Potter did in series two of Phoenix Nights : put someone else's name on the license, yet pull the strings from behind. Llambias and Leach are merely his Jerry the Saint. 0 Quote Link to comment Share on other sites More sharing options...
Alan H Posted January 6, 2015 Share Posted January 6, 2015 Oxymoron of the year award? "The Company is managing its cash resources carefully and will require further funding before the end of January" 0 Quote Link to comment Share on other sites More sharing options...
ThreeBearsOneKing Posted January 6, 2015 Share Posted January 6, 2015 From KDS .... It's probably just a coincidence ( ) but Mike Ashley's main US business Antigua Enterprises Inc is based in Peoria, a suburb of... Phoenix. Oh and it holds a contract with the NBA. The sociopaths at Kerryfail are doing their background checks already 0 Quote Link to comment Share on other sites More sharing options...
Adolfo Rios Posted January 6, 2015 Share Posted January 6, 2015 £18m undervalues a business that doesn't have enough money to see out January. 0 Quote Link to comment Share on other sites More sharing options...
Forest_Fifer Posted January 6, 2015 Share Posted January 6, 2015 Oxymoron of the year award? "The Company is managing its cash resources carefully and will require further funding before the end of January" Roughly translated that means "We've put a padlock on the biscuit tin to stop Black eating all the hob-nobs, but we need a loan from Ashley to stock up on Jaffa Cakes and Tunnocks Caramel Wafers before the next home game." 0 Quote Link to comment Share on other sites More sharing options...
LongTimeLurker Posted January 6, 2015 Share Posted January 6, 2015 From KDS .... It's probably just a coincidence ( ) but Mike Ashley's main US business Antigua Enterprises Inc is based in Peoria, a suburb of... Phoenix. Oh and it holds a contract with the NBA. Peoria is in Illinois rather than Arizona. Think you'll find the American's three sons play "soccer" for a club run by Davie Robertson and that's the Rangers angle. 0 Quote Link to comment Share on other sites More sharing options...
ThreeBearsOneKing Posted January 6, 2015 Share Posted January 6, 2015 Roughly translated that means "We've put a padlock on the biscuit tin to stop Black eating all the hob-nobs, but we need a loan from Ashley to stock up on Jaffa Cakes and Tunnocks Caramel Wafers before the next home game." Whether the Spivs accepted it or not, the likes of King and the three bears own over 25% of the shares and wouldn't sell them anyway. HTH 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted January 6, 2015 Share Posted January 6, 2015 Escaped from a badly scripted nativity play? 0 Quote Link to comment Share on other sites More sharing options...
cuyahoga Posted January 6, 2015 Share Posted January 6, 2015 Peoria is in Illinois rather than Arizona. Think you'll find the American's three sons play "soccer" for a club run by Davie Robertson and that's the Rangers angle. Peoria /piˈɔːriə/ is a city in Maricopa and Yavapai counties in the State of Arizona. Most of the city is located in Maricopa County, while a tiny portion in the north is in Yavapai County. It is a major suburb of Phoenix. According to 2010 Census Bureau releases, the population of the city is 154,065.[1] Peoria is currently the sixth largest city in Arizona for land area, and the ninth largest for population. It was named after Peoria, Illinois. (The word peoria is a corruption of the Illini word for “prairie fire”.[3][4]) Peoria is now larger in population than its namesake. It is thespring training home of the San Diego Padres and Seattle Mariners who share the Peoria Sports Complex. In July 2008, Money magazine listed Peoria in its "Top 100 Places to Live".[5] 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted January 6, 2015 Share Posted January 6, 2015 Craig Whyte .... :lol: :lol: :lol: Yes. If the Orcs had made some background checks, they might have avoided liquidation but they suffer from 'enhanced ostrich syndrome'. Head in the sand, fingers in the ears," la la la la la , I can't hear you. WATP" :lol: Thank goodness, though. Wouldn't want them to become sentient. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted January 6, 2015 Share Posted January 6, 2015 Haw, Tedi! Those shares still soaring? 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted January 6, 2015 Share Posted January 6, 2015 They had went up to 26p when I said they had soared, I think the price was 18p? less than a week ago, so yes I would described this as 'soaring' I made it clear that this was purely down to takeover speculation....which it is. They are currently sitting at 26p. Not really sure what point you are actually trying to make. From a price of almost four times that a couple of years ago, the term should really be "swimming at a slightly shallower depth", but it's all in the perspective, I suppose. In other news, Irn Bru bottles continue to hold their value. 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted January 6, 2015 Share Posted January 6, 2015 That story about Sarver and Ashley is just pathetic if true. Ashley clearly wants complete control of the club but why is he going to all that trouble for less than 1% of what he's worth? He already owns the good bits. The media were all over Sarver like a fat kid at a pizza hut buffet though. You'd think they would have learned after Whyte. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted January 6, 2015 Share Posted January 6, 2015 £18m undervalues a business that doesn't have enough money to see out January. Perhaps it does when it involves a fat piece of land but we're not saying who owns it because we're really not sure. 0 Quote Link to comment Share on other sites More sharing options...
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