bennett Posted March 2, 2015 Share Posted March 2, 2015 time for a head in the sand gif... 'none of us know' I suppose none of us do know. fair enough. I believe you are not a betting man, but what do you think the chances of Ashley leaving wriggle-off-the-hook opportunities are? No idea, only Ashley and his associates know the details. Somers did hint that they could be binned but that was then and the chances are that they could now be altered. I suspect that the king group will have their legal types going over all the contract's with a fine tooth comb, we'll find out soon enough.... 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted March 2, 2015 Share Posted March 2, 2015 So even if the Visigoths 'get rid' of Ashley, he still basically owns a fair chunk of the "club"'s assets and revenue streams? In other words, they haven't got rid of him at all. 0 Quote Link to comment Share on other sites More sharing options...
the 67 Posted March 2, 2015 Share Posted March 2, 2015 Are they not assets as security set against the loans?. I haven't kept up with this for a few weeks but to my knowledge Ashley only has the mechandise at the moment. I would guess the assets are safe as long as the loans are paid back. That is if Ashley wants the money back of course. Yes I believe these assets are security for the loans.... I should have made that clearer in my last reply. 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted March 2, 2015 Share Posted March 2, 2015 No idea, only Ashley and his associates know the details. Somers did hint that they could be binned but that was then and the chances are that they could now be altered. I suspect that the king group will have their legal types going over all the contract's with a fine tooth comb, we'll find out soon enough.... 0 Quote Link to comment Share on other sites More sharing options...
Podlie Posted March 2, 2015 Share Posted March 2, 2015 Kenneth has insider knowledge of mike Ashley's legal team lol. None of us know what is in the contracts and until they are scrutinised we don't know if they can be revoked\ renegotiated or if we'll have to stick with them (apart from greeners with blogs) Nail on head bennett. 0 Quote Link to comment Share on other sites More sharing options...
No8. Posted March 2, 2015 Share Posted March 2, 2015 I suppose you could be right. Ashley's legal people have a track record of being easy-oasey and slap-dash in business contracts.... I'm sure there is an accessible list of all those people who have got one over Big Mike.... The leaked email suggested there was a way.out of the contract. We just dont know. As for the list i am not. interested in who has done what to Ashley. The only thing i am interested in is Rangers and getting our club back. We have done that. 0 Quote Link to comment Share on other sites More sharing options...
CityDave Posted March 2, 2015 Share Posted March 2, 2015 Yes I believe these assets are security for the loans.... I should have made that clearer in my last reply. Awe come on I've missed out on the fun over the last few weeks, I've got to start again somewhere. As a mark of humble apology or simply just chucking some raw meat into the thread here's a list of the current shareholders as close as it gets to as now. Name Holding % Dave King 11,869,505 14.57% George Taylor 7,575,000 9.30% Mike Ashley 7,265,000 8.92% Sandy Easdale 5,256,110 6.45% Douglas Park 5,000,000 6.14% River and Mercantile 4,704,827 5.77% Rangers Supporters Trust + proxies 4,509,312 5.53% Blue Pitch Holdings 4,000,000 4.91% George Letham 3,299,515 4.05% Margarita Funds Holding Trust 2,600,000 3.19% Rangers First + proxies 2,394,902 2.94% FMR LLC 2,000,000 2.45% HSBC Global Asset Management (UK) 1,878,488 2.31% Lynchwood Nominees Limited 1,203,800 1.48% Kieran Prior 1,100,740 1.35% Ally McCoist 1,092,988 1.34% Barclayshare Nominees Limited 1,015,804 1.25% Glenmuir Limited 1,000,000 1.23% Winterflood Securities Limited 989,651 1.21% HSDL Nominees Limited 968,599 1.19% Felix Magath 810,000 0.99% Vidacos Nominees Limited 748,462 0.92% TD Direct Investing (Europe) 709,975 0.87% Graeme Henderson 590,164 0.72% Fitel Nominees Limited 585,603 0.72% James Easdale 572,749 0.70% Hargreaves Lansdown Stockbrokers Ltd 551,190 0.68% Lawshare Nominees Limited 280,794 0.34% Smith and Williamson Nominees Limited 276,375 0.34% Rock Nominees Limited 275,938 0.34% Redmayne (Nominees) Limited 221,837 0.27% Lion Nominees Limited 211,594 0.26% Share Nominees Limited 207,985 0.26% Brewin Nominees Limited 202,855 0.25% Malcolm Murray 200,000 0.25% Patrick Oddie 200,000 0.25% Colin Howell 200,000 0.25% Investor Nominees Limited 166,766 0.20% Vanguard Bears + proxies 156,123 0.19% Hanover Nominees Limited 107,776 0.13% Platform Securities Nominees 96,237 0.12% Norman Crighton 96,222 0.12% L R Nominees Limited 91,913 0.11% Interactive Brokers LLC 76,712 0.09% CG/Walter Smith/Ian Hart/Craig Mather 71,428 0.09% Pro-King minority shareholders 63,721 0.08% David Somers 61,186 0.08% Discretionary clients of Hargreave Hale 10,300 0.01% Pro-board minority shareholders 10846 0.013% Undecided minority shareholders 1,828 0.002% Unaccounted for 3,897,381 4.78% This will probably change over the next few days and it will be interesting to see how many of them are pro Dave King. 0 Quote Link to comment Share on other sites More sharing options...
THE KING Posted March 2, 2015 Share Posted March 2, 2015 Awe come on I've missed out on the fun over the last few weeks, I've got to start again somewhere. As a mark of humble apology or simply just chucking some raw meat into the thread here's a list of the current shareholders as close as it gets to as now. Name Holding % Dave King 11,869,505 14.57% George Taylor 7,575,000 9.30% Mike Ashley 7,265,000 8.92% Sandy Easdale 5,256,110 6.45% Douglas Park 5,000,000 6.14% River and Mercantile 4,704,827 5.77% Rangers Supporters Trust + proxies 4,509,312 5.53% Blue Pitch Holdings 4,000,000 4.91% George Letham 3,299,515 4.05% Margarita Funds Holding Trust 2,600,000 3.19% Rangers First + proxies 2,394,902 2.94% FMR LLC 2,000,000 2.45% HSBC Global Asset Management (UK) 1,878,488 2.31% Lynchwood Nominees Limited 1,203,800 1.48% Kieran Prior 1,100,740 1.35% Ally McCoist 1,092,988 1.34% Barclayshare Nominees Limited 1,015,804 1.25% Glenmuir Limited 1,000,000 1.23% Winterflood Securities Limited 989,651 1.21% HSDL Nominees Limited 968,599 1.19% Felix Magath 810,000 0.99% Vidacos Nominees Limited 748,462 0.92% TD Direct Investing (Europe) 709,975 0.87% Graeme Henderson 590,164 0.72% Fitel Nominees Limited 585,603 0.72% James Easdale 572,749 0.70% Hargreaves Lansdown Stockbrokers Ltd 551,190 0.68% Lawshare Nominees Limited 280,794 0.34% Smith and Williamson Nominees Limited 276,375 0.34% Rock Nominees Limited 275,938 0.34% Redmayne (Nominees) Limited 221,837 0.27% Lion Nominees Limited 211,594 0.26% Share Nominees Limited 207,985 0.26% Brewin Nominees Limited 202,855 0.25% Malcolm Murray 200,000 0.25% Patrick Oddie 200,000 0.25% Colin Howell 200,000 0.25% Investor Nominees Limited 166,766 0.20% Vanguard Bears + proxies 156,123 0.19% Hanover Nominees Limited 107,776 0.13% Platform Securities Nominees 96,237 0.12% Norman Crighton 96,222 0.12% L R Nominees Limited 91,913 0.11% Interactive Brokers LLC 76,712 0.09% CG/Walter Smith/Ian Hart/Craig Mather 71,428 0.09% Pro-King minority shareholders 63,721 0.08% David Somers 61,186 0.08% Discretionary clients of Hargreave Hale 10,300 0.01% Pro-board minority shareholders 10846 0.013% Undecided minority shareholders 1,828 0.002% Unaccounted for 3,897,381 4.78% This will probably change over the next few days and it will be interesting to see how many of them are pro Dave King. According to Tedi none of these people are looking to make money. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted March 2, 2015 Share Posted March 2, 2015 The only thing i am interested in is Rangers and getting our club back. We have done that. What exactly does "getting our club back" mean? In what way do you "have" it? How is this state of affairs different from previously? When did you last "have" it? 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted March 2, 2015 Share Posted March 2, 2015 What exactly does "getting our club back" mean? In what way do you "have" it? How is this state of affairs different from previously? When did you last "have" it? I would say that makes fans of 41 of the SPFL clubs currently 'having their club' and only the poor beleagured bearrrz missing out. 0 Quote Link to comment Share on other sites More sharing options...
CityDave Posted March 2, 2015 Share Posted March 2, 2015 What exactly does "getting our club back" mean? In what way do you "have" it? How is this state of affairs different from previously? When did you last "have" it? To have a club back would suggest some say in how the club is run either as a member or as a supporter. Did Rangers fans believe they had a more of a say under Craig Whyte or David Murray?. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted March 2, 2015 Share Posted March 2, 2015 What makes them think Medium Dave being in charge constitutes "getting their club back"? Genuine question. 0 Quote Link to comment Share on other sites More sharing options...
CityDave Posted March 2, 2015 Share Posted March 2, 2015 What makes them think Medium Dave being in charge constitutes "getting their club back"? Genuine question. Should that not be company? 0 Quote Link to comment Share on other sites More sharing options...
No8. Posted March 2, 2015 Share Posted March 2, 2015 So even if the Visigoths 'get rid' of Ashley, he still basically owns a fair chunk of the "club"'s assets and revenue streams? In other words, they haven't got rid of him at all. No. Rangers owe Ashley £5 million. He has a huge percentage of the merchandise side of things but we dont know the details of this contract. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 2, 2015 Share Posted March 2, 2015 What you been smoking??? The ST money will help pay the wage bill, will it cover it all??? King says ten million needs spent on stadium and training ground to bring then up to scratch... see today's record. The management team needs paid off, they also need a new team in which will cost money on top of the money to pay the other lot off. 13 players out of contract, will need replaced with a certain quality of player,or are they going to play youth players??? Scouting department needs to be funded and scouts hired, these scouts don't work for free and will need payed... this costs money too. Then you have big Mikes loans....he will want his dosh...can the club afford to pay these loans back and get the assets back??? Mikes retail deals....you have no idea how water tight they are.....if you rip them up mike will probably sue.... can yer mob afford this to happen??? If the deals stay in place, mike strangles his grip on the revenue streams as the money finds its way into his pocket. Rebuild the club you say....you are having a laugh.....this is going to all cost a pretty penny.....best get yer wallet out you mug. Ehm, what about the kitmen? 0 Quote Link to comment Share on other sites More sharing options...
CityDave Posted March 2, 2015 Share Posted March 2, 2015 That list is out of date, a more up to date position can be found on the STV website http://sport.stv.tv/football/clubs/rangers/305651-who-owns-rangers-our-detailed-breakdown-of-the-shareholders-at-ibrox/ Even this is out of date. The RST now hold 6.3% in shares and proxies, Rangers First 2.94 so a combined total of 9.24% for the fan groups. Guaranteed votes for King now sit at 47.5% with the left over board at 35% Likely voting puts King at 54% and undecided at 10% If I posted another more up to date list right now it would still be out of date. At least it gives a list of the other shareholders at that time instead of the heavy hitters who own the most. I've seen the shares on a couple of stockmarket sites on here sometime back. I think it looks clear King will be in charge from this weekend coming, it would remain to see how much of an impact he can make into the running of the club almost immediately, beginning with a restructuring job on how the club should be run. I wonder how much will he be hindered?. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted March 2, 2015 Share Posted March 2, 2015 No. Rangers owe Ashley £5 million. He has a huge percentage of the merchandise side of things but we dont know the details of this contract. You know that it is onereous on Rangers. Of that there can be no doubt, even the loan from SD required Rangers to pay over it's share of the £1.6m divi from the retail operations to SD, hand over 26% of RRL to SD and assign any future shirt sponsorship income to RRL rather than RIFC. Mike will be in no hurry to have the SD facility repaid. 0 Quote Link to comment Share on other sites More sharing options...
Pete's Frontier Posted March 2, 2015 Share Posted March 2, 2015 Did they make pay roll, or has Ashley loaned the second £5m tranche? I like how he has put his two place men on new contracts. King Rat is going to have to dig deep if he wants them out. The Orc garden is going to be crowded, 0 Quote Link to comment Share on other sites More sharing options...
DepecheBhoy Posted March 2, 2015 Share Posted March 2, 2015 I've still to see anybody produce a half decent outline of what Dave King will do if he does manage to win the vote on Friday. Is there an actual plan and if not why the clapping seal routine? It seems to me that he may get in but quite quickly become a bit of a lame duck due to the contracts, debts and securities currently held against the club. /i also wouldn't rule out Mr King doing similar things to Charles Green. Say all the "right things" and do a bit of saber rattling with the fan meanwhile smuggling his own pound of flesh out the back door with some of his cronies. 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted March 2, 2015 Share Posted March 2, 2015 This appears fun. Chris Graham 0 Quote Link to comment Share on other sites More sharing options...
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