bennett Posted January 28, 2015 Share Posted January 28, 2015 Genuine question - back in the day, did the SFA ever question Vlad regarding his interests in teams other than Hearts ? Seems so long ago, I can't remember how that panned out.Plus, I am an auld fecker with memory issues............. Apparently they bolted the stable door after the horse done one..... Donahoe thinks there's Russian subs patrolling up the Clyde to the Broomielaw!Donahoes a nanny...... Here's hoping the good folk of the shire vote him out..... 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted January 28, 2015 Share Posted January 28, 2015 Super Tommy... .http://www.herald.ie/sport/soccer/new-firm-but-old-foes-celtic-and-rangers-get-ready-to-rumble-in-cup-clash-30943268.html 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted January 28, 2015 Share Posted January 28, 2015 Can't see that at all, benny boy . Hammered maybe, but not that much! Seems like Ashley has been quite clever and it might be tricky to lay a glove on him. They might not be able to lay a glove on uncle mike but Rangers is a different story. We shall see what happens... 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted January 28, 2015 Share Posted January 28, 2015 Oh aye, Super Tommy, that is the bloke that used to punch his own pus before OF games. This Super Tommy?'That’s the reality but if Rangers were to get into the top league again''If Rangers had to spend to try and compete they’d end up with problems again' and who can forget this TommyFormer Celtic defender Tom Boyd believes Glasgow rivals Rangers should be stripped of the titles How did that work out for him? The Rangers are a new club Tommy! 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted January 28, 2015 Share Posted January 28, 2015 Oh don't you try this passive/aggressive bollocks. You are the one who said, "every other time in either this or any other incarnation of rangers, when an egm as been called it has never taken place. " So stick by your guns or f**k off. Still enjoying the journey auld yin? 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted January 28, 2015 Share Posted January 28, 2015 Rangers blocked by court action from giving Ashley security over Ibrox By Matt Coyle 28 January 2015 14:40 GMT 209 99 Ibrox: Legal action by Rangers fans blocked Mike Ashley taking security out over Ibrox.© SNS Group A legal action has blocked the Rangers board from handing Mike Ashley security over Ibrox stadium. The Rangers Supporters Trust (RST) sought legal advice over the issue and submitted a court petition blocking the move for three weeks. A petition submitted to the Court of Session in Edinburgh on Monday for an interim interdict stops the Rangers board granting security over their stadium until February 17. Talks between the supporter group's lawyers and the Rangers board resulted in them agreeing not to offer up Ibrox as security for a temporary period. However, a statement from the RST said they are "disappointed" the block could not be extended and accused the board of "corporate piracy". The legal move explains why Ashley's £10m loan this week was secured against Murray Park, Edmiston House and the club's badges, but not Ibrox Ashley's loan to the club this week will be split into two £5m tranches with the first available immediately to the club for urgent working capital. The deal does not include security over Ibrox stadium, however Ashley's Sports Direct firm holds a floating charge, strangling more revenue streams by getting shirt sponsorship revenues. He also now holds security over Rangers' Murray Park training ground, Edmiston House and the club's trademarks. Ashley is also now able to appoint two directors to the board for the duration of the loan facility, tightening the Newcastle owner's grip on the club. Another part of the deal states that Sports Direct would benefit from the majority of shirt sponsorship deals from the 2017/18 season until the loan is repaid. Rangers will also now transfer 26% of its shares in Rangers Retail Ltd for the duration of loan deal. The statement said: "Following detailed legal advice, the Rangers Supporters Trust (RST), with the financial backing of the Rangers Fans Fighting Fund (RFFF), submitted a petition to the Court of Session in Edinburgh on Monday January 26, seeking an interim interdict to stop the Rangers board from granting security over Ibrox in favour of Sports Direct. "Discussions between our lawyers and the board’s lawyers continued over the past three days. The conclusion of these discussions was the that board has agreed not to grant security over Ibrox for a period up until the February 17 covered by the advance notice they submitted. "We are disappointed that we were not able to secure the extension of this commitment until the date of the upcoming EGM, as this now leaves a short period of time in which the board could grant security over Ibrox before they are hopefully removed. "This is particularly concerning given the announcement yesterday that a further period of due diligence is required for the second £5m tranche of debt that the board has decided to saddle the club with. "We believe our actions had a material impact in stopping the board from granting security over Ibrox. The revised deal with Sports Direct was agreed late on Monday night according to Paul Shackleton, the club’s AIM nomad. "This was immediately following the petition submitted to the court, the announcement of which delayed what would have been a necessary interdict hearing in the Court of Session on Tuesday. "We do not believe that the filing of a notice of intention to grant security over Ibrox was an error and we believe that a fixed security over Ibrox would most likely have been granted to Sports Direct had it not been challenged. "We would like to register our disappointment that it was necessary to take legal action to hold this board to their public promises to shareholders and fans. "Whilst we are pleased that the immediate danger posed to Ibrox has been averted, we share the anger of other fans at the latest act of corporate piracy perpetrated by the current Rangers directors. "By accepting this deal with Sports Direct, they have plunged our club into an unnecessary level of debt and, by pawning off further revenue streams including shirt sponsorship, have limited our ability to repay that debt. "They have done this in their own interests and those of Mike Ashley. David Somers, Derek Llambias, James Easdale and Barry Leach have, in our opinion, neglected their duties to the PLC they are meant to represent. "Our fans have one chance to remove these directors before they cause even more damage. We urge them to sign up at www.therst.co.uk/buyrangers and ensure that this board is removed at the upcoming EGM and replaced with directors who put Rangers Football Club above their own personal positions and the financial betterment of their masters. "We will continue to liaise with our lawyers, the RFFF and other major shareholders regarding the actions of the Easdale brothers, David Somers, Derek Llambias and Barry Leach. "We look forward to a forensic examination of their conduct following the EGM. We would like to thank the RFFF for their continued support, without which it would have been very difficult to challenge the actions of this discredited board." 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted January 28, 2015 Share Posted January 28, 2015 ^^^ Howl at the moon stuff. 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted January 28, 2015 Share Posted January 28, 2015 The courts are full of Proddies. It's all in the Proddy book 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted January 28, 2015 Share Posted January 28, 2015 Walter Smith 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted January 28, 2015 Share Posted January 28, 2015 All of King's horses and all of King's men couldn't get Ibrox ever again 0 Quote Link to comment Share on other sites More sharing options...
shull Posted January 28, 2015 Share Posted January 28, 2015 McDowall says Scottish Football needs the fixture that's happening on Sunday. Whit a fud! 0 Quote Link to comment Share on other sites More sharing options...
killingfloorman Posted January 28, 2015 Share Posted January 28, 2015 McDowall says Scottish Football needs the fixture that's happening on Sunday. Whit a fud! junkies believe that they need smack even when it's cut with cleaning products 0 Quote Link to comment Share on other sites More sharing options...
madmitch Posted January 28, 2015 Share Posted January 28, 2015 Big Hoose next month boys! 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted January 28, 2015 Share Posted January 28, 2015 McDowall says Scottish Football needs the fixture that's happening on Sunday. Whit a fud! The NHS don't 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted January 28, 2015 Share Posted January 28, 2015 http://www.shareprophets.com/views/10306/rangers-international-football-club-plc-is-it-breaching-the-companies-act-is-its-nomad-a-cretin-or-worse Post the article - paywall by the looks of it 0 Quote Link to comment Share on other sites More sharing options...
muirkirk nil Posted January 28, 2015 Share Posted January 28, 2015 http://www.shareprophets.com/views/10306/rangers-international-football-club-plc-is-it-breaching-the-companies-act-is-its-nomad-a-cretin-or-worse Rangers International Football Club plc - Is it breaching the Companies Act? Is its Nomad a cretin or worse? Rangers (RFC) has announced agreements with SportsDirect for the provision of a £5 million credit facility, with a further £5 million available subject to due diligence by SportsDirect prior to drawn down. However, with the company having admitted to a number of options, the deal now announced has been criticised as not being in the companys best interests We really question whether it breaches section 994 of the 2006 Companies Act. We shall be contacting AIM Regulation asking for a formal investigation. Since they are chocolate teapots, we will also be contacting the Scottish FA asking it to launch a formal probe as it appears a watchdog with some teeth. In particular, for the duration of the initial facility, SportsDirect will have transferred to it 26% of Rangers Retail Ltd (a retail joint venture which in the period ending 27th April 2014 made a pre-tax profit of £1.17 million and which from the 2017/8 season will incorporate any future shirt sponsorship proceeds). A consortium with a 20% shareholding in Rangers and which offered a rival £6.5 million facility noted that the agreement now announced equates to an annual interest rate significantly higher than our offer and probably in double digits. Additionally, it added that; Security for the SportsDirect facility involves the club's registered trademarks and a floating charge over the club's assets. This is disadvantageous to the club compared to the security required under our offer. We fail to see how the SportsDirect facility can be described as better for the club than the funding offer we made. It isn't and should not have been accepted if the best interests of all the shareholders were considered. Acceptance of the SportsDirect facility will do nothing to repair relationships with the fans which is critical in improving the revenue streams of the club. The consortium also noted that it was advised by Derek Llambias (CEO) that our funding offer would be difficult for the board to accept if we did not provide irrevocable undertakings to vote against General Meeting resolutions to remove certain existing board members. We felt this was completely inappropriate and advised that our current funding offer was not affected by the GM process. Sports Direct founder and majority shareholder Mike Ashley has already had rejected by the Scottish Football Association an attempt to raise his shareholding in Rangers to 10%+ while he remains the owner of Newcastle United, but still has Llambias (previously MD of Newcastle) and Barry Leach (previously of Sports Direct) as respectively CEO and FD of Rangers and now has the right to nominate two directors to the board for the duration of the new loan facility. This is despite Ashley already facing Scottish FA charges of being able to influence the management or administration of the club, whilst being involved in another club, and not acting in the best interests of the game. There must also be the question now of whether the newly announced finance facilities are in the best interests of shareholders. Section 994 of the Companies Act covers agreements where one shareholder is treated differently to others. We believe that merely taking a loan from Ashley is NOT in the best interests of Rangers in that it does not put up enough capital to fundamentally repair a broken balance sheet or to give the club the cash it needs to be able to retain its better players to ensure promotion and ultimately European football which would offer the hope of financial salvation. Quite simply, the current squad might get back into the top flight but it might well not. If it does, it is hard to see it faring well enough to secure European football the year after. Other proposals of loans from Rangers fans (who does Ashley actually support, by the way?) were rejected as was the equity financing proposed by US tycoon Robert Sarver. Did the Ashley dominated board seek independent financial advice as to what offer was in the best interests of ALL shareholders before deciding what to do as they were duty bound to? Was that advice from Paul Shackleton, the Nomad at retained financial adviser WH Ireland? Since WH Ireland is paid a fixed retainer to act for Rangers it cannot be seen as an impartial adviser on a proposal that might lead to boardroom change. Mr Shackleton is noted in the City for his track record of acting for and floating fraudulent Chinese companies on AIM. Whilst he may be an expert in that field, does he know anything about a sport which at the sort of school people like him attend they were unlikely to play? We have seen correspondence between Mr Shackleton and angry Rangers fans where he arrogantly dismisses concerns about how price sensitive information appears to be being leaked to the press - not announced via RNS - in clear breach of AIM Rule 17. His approach is not that of an independent financial adviser to the company seeking to protect the interests of ALL of its owners, i.e. shareholders, but of a man who is batting for the board. The question for the Rangers board which they have refused to answer when we gave the opportunity is what truly independent financial advice did you seek when reflecting two refinancing proposals and accepting a third to ensure that you were acting in the best interests of ALL shareholders on an equal basis? That is the question we shall now be putting to the relevant authorities in the hope that they can establish the truth 0 Quote Link to comment Share on other sites More sharing options...
Lofarl Posted January 28, 2015 Share Posted January 28, 2015 Stan Collymore joins ra peepuls list of enemies. http://tl.gd/n_1skb47p 0 Quote Link to comment Share on other sites More sharing options...
aDONisSheep Posted January 28, 2015 Share Posted January 28, 2015 Stan Collymore joins ra peepuls list of enemies. http://tl.gd/n_1skb47p Stan's obviously never met Tonev though. 0 Quote Link to comment Share on other sites More sharing options...
williemillersmoustache Posted January 28, 2015 Share Posted January 28, 2015 'we will also be contacting the Scottish FA asking it to launch a formal probe as it appears a watchdog with some teeth.' Stopped reading there 0 Quote Link to comment Share on other sites More sharing options...
Gaz FFC Posted January 28, 2015 Share Posted January 28, 2015 I wish Rangers fans were running the show at Sahara-desert.com. I'd go and sell them some sand 0 Quote Link to comment Share on other sites More sharing options...
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