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Big Rangers Administration/Liquidation Thread - All chat here!


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Real facts and figures from accounts that no one outside the club has seen yet?

:lol:

will anybody ever see these 'accounts'?

what's the odds on an upcoming pre-engineered insolvency event triggered by various vultures who are currently pretending to squabble with each other, but are actually all in cahoots to rape the financial arse out of whatever money the loyal and gullible WATP 'masses' offer towards their Offshore Retirement Funds....

cocktails all round at Craig's gaffe in Monte Carlo....

....allegedly etc

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I suspect the reason they signed those 8 extra players was so that they could.

A: Get in additional season ticket money

B: Sell them during the January transfer window (a wreckless strategy that will almost certainly backfire)

I thought players couldn't be registered for more than 2 clubs in any 12 month period?

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Rangers own Forfar?

That 5 mill bought a club, stadium, training facility, lots of history and an angus town.

Bargain.

Tedi

If you thought the renovations for Ibrox were expensive, see what it costs to bring that into an acceptable state. :lol:

You are going to need a least another 10 IPOs. :lol: :lol:

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Rangers own Forfar?

That 5 mill bought a club, stadium, training facility, lots of history and an angus town.

Bargain.

To be fair, it's more likely that they bought Forfar than that they bought all that history from a dead club. Apart from those title trophies in Charlie Boy's lock-up in Rotherham, of course. ;)

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Completely lost track of the goings on in Govan quite a few months ago.

Seems like shit's getting interesting/hilarious but I don't even recognise half the names involved.

Any chance of someone giving us a round-up?

It's all a bit like that scene in Scarface with the bag of drugs, the case of money and the guy getting murdered with a chainsaw.

But without the money or the drugs.

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Completely lost track of the goings on in Govan quite a few months ago.

Seems like shit's getting interesting/hilarious but I don't even recognise half the names involved.

Any chance of someone giving us a round-up?

Armaggeddon is imminent.

Run for your life.

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I think this whole Rangers Retail Ltd is a very strange one. The Rangers AIM Prospectus stated that Rangers would control the joint venture company with SportsDirect with a 51% shareholding which it has. But the fly in the ointment is that the SportsDirect 49% shareholding when used in a vote counts as double on anything involving financial matters.

The other cracker is that in any deadlock situation the mechanism by which SportsDirect can buy-out Rangers Media Ltd from TRFCL is already spelt-out although it doesn’t appear to work the other way. And of course the two directors representing the TRFCL shareholding in Rangers Retail Ltd are Stockbridge and Green – now if I was a rangers fan that would certainly fill me with confidence

And if SportsDirect do buy-out Rangers Retail Ltd they can continue manufacturing and selling Rangers shirts on payment of a licence fee. Looks as though Rangers could lose control of their kit production and sales yet again.

:(

And Stockbridge and Green are also the directors in Garrion Security Ltd. Why didn’t Walter get Green out of these directorships and why hasn’t Mather

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Buyer of £840,000 Rangers shares 'has no role in management of club'

By Mike Farrell 13 August 2013 15:52 BST
128387-rangers-ibrox-park-gate-quality-i
Rangers: Laxey Partners increased its stake in the club to almost 5%.© HEMEDIA / SWNS Group

The group behind a purchase of two million Rangers shares claims it will not have any involvement in running the club.

Laxey Partners Limited increased its stake in Rangers International Football Club plc on Monday by buying more than two million shares for around £840,000.

The purchase, held on behalf of the firm by nominee shareholders Credit Suisse, saw Laxey’s stake in Rangers rise to around 4.99% of the company’s issued capital.

It is not yet known who sold the stake to Laxey Partners, which is an Isle of Man-registered hedge fund.

The firm, which is led by investment bankers Colin Kingsworth and Andrew Pegge, is believed to have paid £1m for one million shares as an initial investor in the newco Rangers last October.

Mr Kingsnorth stated that his firm was not in talks with any of the separate factions vying for control of the club. He told STV: "We have not been in discussions with any of the various groups at Rangers but are keen to see the club stabilise. We won’t have any involvement in appointment of people or management. "We invested money in the club when it was needed and before it listed on the stock exchange. All the infighting and EGMs (extraordinary general meetings) need to end so the club can get on and run itself properly with the right financial support."

As part of the deal, the group entered into an agreement to guarantee its shareholding is not diluted. It ensured if the share flotation price was lower than the £1 paid by Laxey, it would receive additional equity in Rangers International to ensure its stake was not devalued.

It is understood that as a result of Rangers International’s 70p opening stock market flotation price, former Rangers chief executive Charles Green has agreed to transfer a chunk of his 7.7% shareholding in the company to Laxey.

In a previous announcement to the London Stock Exchange, Rangers confirmed 714,285 shares owned by Mr Green would be transferred to Laxey in December this year, when his 12 month lock-in agreement over selling his shares expires. On Tuesday, in the notification to the exchange about its increased shareholding, Laxey Partners noted that its 4.99% holding in Rangers was its current position and did not include the shares due to be transferred to it from Mr Green.

Mr Green purchased five million shares in Rangers at 1p each as part of an agreement entered into on October 31 last year. This came days after the deal with Laxey, which was dated October 19, 2012.

Edited for tidy up.

Edited by AberdeenBud
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Chris McLaughlin ‏@BBCchrismclaug 2m

Laxey Partners buy 3.25 million #Rangers shares. The shares have voting value of 4.9%

Who are they??

Chris McLaughlin - a football "reporter"

BBC - a television broadcaster

Rangers - a football club/company/Yorkshire tycoon's pension fund

Laxey Partners - no idea

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