williemillersmoustache Posted January 19, 2015 Share Posted January 19, 2015 Sorry Dave, no Dodgy Daves allowed. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted January 19, 2015 Share Posted January 19, 2015 Daily Business website suggesting a loan from Ashley secured by Ibrox may be 'close to completion'. 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted January 19, 2015 Share Posted January 19, 2015 (edited) Market announcement from Rangers this morning. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12218558.html "The Company is currently verifying that the Notice is properly constituted. If valid, the Board intends to seek to have such Notice withdrawn in order to avoid the cost and disruption of an ad hoc general meeting. The AIM Rules require that all individuals appointed to the board of an AIM company are suitable to be a director of a UK public company." Rangers clearly aiming to have request for EGM withdrawn based on one (at least) of the 3 directors proposed not being suitable to be a director of a UK company. Callng King's bluff on his latest publicity stunt. Edited January 19, 2015 by thelegendthatis 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted January 19, 2015 Share Posted January 19, 2015 The board trying to block King http://www.clyde1.com/sport/news/rangers-try-to-block-king-move/#.VLy8ZRVDWq4.twitter 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted January 19, 2015 Share Posted January 19, 2015 19 January 2015 Rangers International Football Club plc Update regarding financing initiatives The Board notes press speculation and shareholder concern in relation to an Advanced Notice for a charge over Ibrox stadium ("Advance Notice"). The Company continues to need funding, including urgent short term financing. Over the past few weeks the Company has held discussions with a number of parties with a view to finding a stable financial future for the business. The discussions which have been wide ranging including, both stakeholders and third parties, are with a view to achieving the best possible terms for the business. Without the authority to issue equity on a non pre-emptive basis, the directors cannot issue shares in the timeframe required. At the current time the assets (other than Ibrox), cash flow and business of Rangers does not support a significant financing, on an open market commercial basis, to achieve the goals which the directors have set for the Club. Accordingly the directors are pursuing bi-lateral discussions with two parties who are both stakeholders in Rangers. These discussions contemplate a significant amount of capital being available to the business on a long term basis in order to enhance the squad which the directors believe is necessary. A consequence of funding to this level is that, in reality, it may be necessary to use Ibrox stadium as security; such a decision would not be taken lightly. No decision has been taken at the current time while discussions are being finalised in good faith. The Advance Notice does not mean that security will be given, and the directors are adamant that it will not unfairly advantage the party with whom it was agreed. The Board will conclude a transaction, based on its merits, which it believes is in the best interests of shareholders as a whole in accordance with their fiduciary duty. (In other words we will be able to justify our decision to go with big Mike!) 0 Quote Link to comment Share on other sites More sharing options...
thelegendthatis Posted January 19, 2015 Share Posted January 19, 2015 The board trying to block King http://www.clyde1.com/sport/news/rangers-try-to-block-king-move/#.VLy8ZRVDWq4.twitter Talk about King campaigning to get 51% of the votes is a bit premature. What the article doesn't say is he will first of all need to be able to show he is fit and proper. Not to the SFA, but to the stock market. Rangers will push this hard now King has put his head above the parapet. Could be a clean kill. 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted January 19, 2015 Share Posted January 19, 2015 So King could get himself on the board with his three bares , and Ashley could close them down. Skills. 0 Quote Link to comment Share on other sites More sharing options...
derbydan Posted January 19, 2015 Share Posted January 19, 2015 Why is King wanting Paul Murray on the Board? Is Murray not a bit of a joke figure always wanting on the Board but not wanting to put up any money? 0 Quote Link to comment Share on other sites More sharing options...
Crùbag Posted January 19, 2015 Share Posted January 19, 2015 They both grew up in South Africa and both used to meet up at the Johannesburg Rangers Supporters Club, so no surprises there then. Lovely story. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted January 19, 2015 Share Posted January 19, 2015 http://www.dailyrecord.co.uk/sport/football/football-news/rangers-legend-ally-mccoist-banned-5001714 Oh dear! The Bears will be upsett. Souper Ally is banned from Ibrox and Murray Park. Maybe if Ally wasn't such a useless, greedy ..... Why is King wanting Paul Murray on the Board? Is Murray not a bit of a joke figure always wanting on the Board but not wanting to put up any money? Paul Murrays groups offer was higher than Greens, do we really need to go down the D&P allegedly being crooked route...... 0 Quote Link to comment Share on other sites More sharing options...
MONKMAN Posted January 19, 2015 Share Posted January 19, 2015 So the board are basically saying they're going to take Ashley's offer, no surprises there. It's genuinely a laugh a day from Ibrox. The sooner their latest incarnation dies, the better. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted January 19, 2015 Share Posted January 19, 2015 Why is King wanting Paul Murray on the Board? Is Murray not a bit of a joke figure always wanting on the Board but not wanting to put up any money? Like Reek from Game of Thrones, you mean? 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted January 19, 2015 Share Posted January 19, 2015 Lovely story. Where's Simon Bates and Our Tune when you need them? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted January 19, 2015 Share Posted January 19, 2015 Where's Simon Bates and Our Tune when you need them? His brother will be on soon to rant about Rangers and tell us about how bigoted they are, make do with that. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted January 19, 2015 Share Posted January 19, 2015 (edited) Just reading a book at the moment about why, at the end of WWII, the Nazi party, the German army and the political/civil administration kept on fighting to the very end when it had been obvious since '44 that there was no possible end in sight other than total defeat and destruction of the German nation. It struck me that the same question could easily be applied to Sevconians. Edited January 19, 2015 by nsr 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted January 19, 2015 Share Posted January 19, 2015 Can Paul Murray get involved at board level? As a director of the old company it could leave them liable for action from creditors as a phoenix? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted January 19, 2015 Share Posted January 19, 2015 19 January 2015 Rangers International Football Club plc Update regarding financing initiatives The Board notes press speculation and shareholder concern in relation to an Advanced Notice for a charge over Ibrox stadium ("Advance Notice"). The Company continues to need funding, including urgent short term financing. Over the past few weeks the Company has held discussions with a number of parties with a view to finding a stable financial future for the business. The discussions which have been wide ranging including, both stakeholders and third parties, are with a view to achieving the best possible terms for the business. Without the authority to issue equity on a non pre-emptive basis, the directors cannot issue shares in the timeframe required. At the current time the assets (other than Ibrox), cash flow and business of Rangers does not support a significant financing, on an open market commercial basis, to achieve the goals which the directors have set for the Club. Accordingly the directors are pursuing bi-lateral discussions with two parties who are both stakeholders in Rangers. These discussions contemplate a significant amount of capital being available to the business on a long term basis in order to enhance the squad which the directors believe is necessary. A consequence of funding to this level is that, in reality, it may be necessary to use Ibrox stadium as security; such a decision would not be taken lightly. No decision has been taken at the current time while discussions are being finalised in good faith. The Advance Notice does not mean that security will be given, and the directors are adamant that it will not unfairly advantage the party with whom it was agreed. The Board will conclude a transaction, based on its merits, which it believes is in the best interests of shareholders as a whole in accordance with their fiduciary duty. (In other words we will be able to justify our decision to go with big Mike!) Love the bit about adding to the squad... A little gem of bribery to confuse the minds of the hoardes. Messi on a pre contract maybe ? 0 Quote Link to comment Share on other sites More sharing options...
dave.j Posted January 19, 2015 Share Posted January 19, 2015 Love the bit about adding to the squad... A little gem of bribery to confuse the minds of the hoardes. Messi on a pre contract maybe ? Oldest trick in the book. The gullible orcs fall for it every time. 0 Quote Link to comment Share on other sites More sharing options...
ribzanelli Posted January 19, 2015 Share Posted January 19, 2015 Love the bit about adding to the squad... A little gem of bribery to confuse the minds of the hoardes. Messi on a pre contract maybe ? If they are going to add to the squad then they only have until the end of the month meaning they will have to take Ashley's offer since he has the exclusive rights over Ibrox/Murray Park until after the window is closed. Might be the excuse they trot out once the decide to go for his offer? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted January 19, 2015 Share Posted January 19, 2015 If they are going to add to the squad then they only have until the end of the month meaning they will have to take Ashley's offer since he has the exclusive rights over Ibrox/Murray Park until after the window is closed. Might be the excuse they trot out once the decide to go for his offer? Highley likely. Nice wee slap in the puss for Mr Glib and Shameless too I thought "The AIM rules require that all individuals appointed to the board of an AIM company are suitable to be a director of a UK public company." All to gether now... "Kingy Kingy get tae f**k Kingy, get tae f**k.." 0 Quote Link to comment Share on other sites More sharing options...
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