strichener Posted April 15, 2014 Share Posted April 15, 2014 Utter tosh .. 1. Match tickets are a commercial product and the fans are buying them. 2. They have a choice to purchase tickets per match as they become available. 3. Season tickets are offered to the fans so they can a) obtain a favourable discount by buying in bulk. b) obtaining a seat they prefer for the whole season c) retaining that seat for seasons to come d) obtaining first crack at 'other' games. They have a choice as to which method they choose to buy tickets and season tickets are discounted and come with additional perks as listed above. You are buying a product .. you pay. The direct debit scheme is there to enable assist fans in purchasing said product. They are 'loaning' you the money as it's credit given by the club. What is so hard to understand ??? A loan from the Krays .... could be trouble ahead. "Utter Tosh" - I am surprised that you preceeded your post with a warning as to it's contents So they are buying a season ticket to watch a football team play for a season whilst the club acknowledges that they cannot continue as a going concern without imprvoing the pricing and profile of season ticket sales. Just to clarify some things: 1. They are not buying a product, they are purchasing a service unless you are telling me that the physical season ticket is what they are paying for. 2. Season tickets are offered to fans so that the club can receive the income up front. 3. As the purchaser of the season ticket, the fans can insist on any terms and conditions that they wish prior to agreeing the contract. If the club do not want to agree to the offered terms and conditions then they do not have to accept. What you are suggesting is that the club provide the service on a take it or leave it basis. This is fair enough if they are a solvent, profitable business and can afford to carry on without season ticket money.........they cant. 0 Quote Link to comment Share on other sites More sharing options...
Apache Don Posted April 15, 2014 Share Posted April 15, 2014 Utter tosh .. 1. Match tickets are a commercial product and the fans are buying them. 2. They have a choice to purchase tickets per match as they become available. 3. Season tickets are offered to the fans so they can a) obtain a favourable discount by buying in bulk. b) obtaining a seat they prefer for the whole season c) retaining that seat for seasons to come d) obtaining first crack at 'other' games. They have a choice as to which method they choose to buy tickets and season tickets are discounted and come with additional perks as listed above. You are buying a product .. you pay. The direct debit scheme is there to enable assist fans in purchasing said product. They are 'loaning' you the money as it's credit given by the club. What is so hard to understand ??? A loan from the Krays .... could be trouble ahead. Finally, someone gets it. 0 Quote Link to comment Share on other sites More sharing options...
Apache Don Posted April 15, 2014 Share Posted April 15, 2014 "Utter Tosh" - I am surprised that you preceeded your post with a warning as to it's contents So they are buying a season ticket to watch a football team play for a season whilst the club acknowledges that they cannot continue as a going concern without imprvoing the pricing and profile of season ticket sales. Just to clarify some things: 1. They are not buying a product, they are purchasing a service unless you are telling me that the physical season ticket is what they are paying for. 2. Season tickets are offered to fans so that the club can receive the income up front. 3. As the purchaser of the season ticket, the fans can insist on any terms and conditions that they wish prior to agreeing the contract. If the club do not want to agree to the offered terms and conditions then they do not have to accept. What you are suggesting is that the club provide the service on a take it or leave it basis. This is fair enough if they are a solvent, profitable business and can afford to carry on without season ticket money.........they cant. Really, so when your renewal form comes through, it includes a request for your preferred terms and conditions? 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted April 15, 2014 Share Posted April 15, 2014 The BoD have a duty to it's shareholders so they cannot do this. It will never happen. Thats my other main issue with the whole thing. No BoD could justify to its shareholders the transfer of security of assets outwith the company to anyone other a major investor. And by investor, I mean someone putting money into the club without any other kind of return, eg a season ticket 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted April 15, 2014 Share Posted April 15, 2014 Finally, someone gets it. Really, so out of the kindness of Ranger's heart they allow a supporter to pay by installments do they? They then wait for the money from the Direct debits? You are both fucking deluded. What methods of payment can I use to pay for my season ticket? Season tickets can be paid in full by cash (in person), cheque, credit/debit card. Alternatively season ticket holders can spread the cost of their season ticket over 4 or 10 months with Zebra Finance. Representative example: Amount of credit £360. Admin fee £27. Total amount repayable £387 (inc admin fee). By 10 month instalments of £38.70. Interest rate 0% PA (fixed). Representative 17.3% APR. Based on season ticket price £360.00 on 10 month plan. Rangers is a credit intermediary of Zebra Finance. 0 Quote Link to comment Share on other sites More sharing options...
Apache Don Posted April 15, 2014 Share Posted April 15, 2014 The thing is, they're fkd either way and that my friends, is what's called a result. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 15, 2014 Share Posted April 15, 2014 Whatever Laxey and the Easdales decide. Their pet administrator will ensure they receive exactly what they want, the assets or a fat wad of cash from King or someone else. Laxey may have a say but the Mitchells imo are puppets..... ...and you're meant to be an expert on all things Rangers... -1 Quote Link to comment Share on other sites More sharing options...
strichener Posted April 15, 2014 Share Posted April 15, 2014 They are legally bound to act in the best interests of the shareholders and not the fans .. you muppet. Wrong. Read the Companies Act 2006 s172 and then come back and inform us who the board should be acting for. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 15, 2014 Share Posted April 15, 2014 They are legally bound to act in the best interests of the shareholders and not the fans .. you muppet. The legal beagle role on here is already taken.... So stop talking pish. -1 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 15, 2014 Share Posted April 15, 2014 the rangers choo choo is well on its way. any financial experts on here that know better than the financial times that this sponsorship deal is wack?. Rolling Out The 32Red CarpetWritten by Rangers Football Club RANGERS chief executive Graham Wallace joined 32Red CEO Ed Ware, captain Lee McCulloch and defender Steven Smith at Ibrox today to formally announce the club’s shirt sponsorship deal with the UK’s premier online casino company. 32Red will sponsor Rangers for the next three seasons from July 2014 and McCulloch and Smith modelled the first top to feature the distinctive 32Red logo from next season’s training wear range. The London Times listed the 32Red sponsorship as Deal of the Day in today’s paper while the Financial Times highlighted the fact this partnership shows Rangers are on the comeback trail. Wallace told RangersTV the deal is a positive step in the club’s rebuilding process and said: “We are delighted to announce this deal and it shows we are making substantial progress off the field. “This is a good long-term partnership for Rangers and we look forward to working with 32Red over the next three years. "We can leverage the strength of the 32Red brand and this deal can help reinvigorate the Rangers brand domestically and internationally. “We are working very hard to re-energise and reposition the club on the international stage. "That goes hand in hand with our progression up the leagues and we are planning for next season in the Championship with one eye very firmly on the seasons beyond that. “Having a strong commercial partnership portfolio is very important to the club. Attracting blue chip brands to be partners allows us to grow our commercial revenue which in turn allows us to reinvest right across the business. “We are very pleased with this deal and it is the first, tangible step in our new commercial strategy. “The Championship will be a very competitive division and we are certainly doing all our preparation to make sure that in the true traditions of Rangers Football Club we expect to be competitive and we expect to be successful. “Commercial partnerships go hand in hand with on-field success and Rangers Football Club is all about winning football matches and being successful, but with a strong portfolio of commercial partners working alongside us. "We are absolutely delighted to have secured 32Red, a very strong international brand, on a three-year basis. “They have had exposure to the English Premier League and this is their first venture into club partnership in Scottish football. "It is an excellent deal for Rangers and it is also a really positive deal for Scottish football as this is fresh money coming into the game here which has been going into other markets.” 32Red CEO Ware was given a personal tour of Ibrox this morning and says he is thrilled to partner with Rangers for the next three seasons. He added: “We are delighted to be associated with a club of such heritage and history. This is fantastic for 32Red and we are really looking forward to the next three seasons as Rangers continues on its upwards climb. “The sheer scale of Ibrox is extremely impressive and I am looking forward to sampling the atmosphere. We are about getting exposure with the right partner and Rangers, with their credentials and heritage, is perfect for us in terms of matching our brand values with the club's. “Rangers are on the comeback trail. It is going to be really exciting and we want to be part of that journey. "Rangers has got something special to it and the journey back to the top flight will add a little bit of spice to our usual sponsorship associations.” Brilliant, incisive journalism which covers almost every aspect of the deal - except the amount, so..... Before we point and laugh a wee bit more, how about you tell us why this is such a good deal? I'm personally minded to stick with my Irn Bru bottles which are holding up well against shares in the club/company/holding company/laundering operation. 0 Quote Link to comment Share on other sites More sharing options...
strichener Posted April 15, 2014 Share Posted April 15, 2014 1. What service? 2. Season tickets provide cash up front yes .. but they are a discounted bulk purchase with additional benefits. 3. Name one club or utility company where this bartering for security over assets takes place. 1. I would say entertainment but I am sure that Rangers would say the provision of sporting events. 2. Not disputed 3. Not relevant. If the Rangers supporters collectively decided not to purchase season tickets then Rangers will be in administration again before next season begins. Tell me which utility company is in the same situation? 0 Quote Link to comment Share on other sites More sharing options...
GreenockRover Posted April 15, 2014 Share Posted April 15, 2014 its believed the financial gain from the 32 red carpet deal will see the club through next season. advantage BoD!! Uh huh 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 15, 2014 Share Posted April 15, 2014 its believed the financial gain from the 32 red carpet deal will see the club through next season. advantage BoD!! Yep. Believed by you. If the numbers we've seen elsewhere are anywhere near accurate, it won't see Ally through until Christmas. 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted April 15, 2014 Share Posted April 15, 2014 Wrong. Read the Companies Act 2006 s172 and then come back and inform us who the board should be acting for. Whats the definition of a "member" in the section? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 15, 2014 Share Posted April 15, 2014 Brilliant, incisive journalism which covers almost every aspect of the deal - except the amount, so..... Do all clubs reveal how much their sponsorship deals are worth? (before i get on my high horse) I don't pay much attention to other lesser clubs tbf... If anyone knows .... -2 Quote Link to comment Share on other sites More sharing options...
strichener Posted April 15, 2014 Share Posted April 15, 2014 Whats the definition of a "member" in the section? It's a shareholder. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 15, 2014 Share Posted April 15, 2014 Wrong. Read the Companies Act 2006 s172 and then come back and inform us who the board should be acting for. You mean this? (1)A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to— (a)the likely consequences of any decision in the long term, (b)the interests of the company's employees, ©the need to foster the company's business relationships with suppliers, customers and others, (d)the impact of the company's operations on the community and the environment, (e)the desirability of the company maintaining a reputation for high standards of business conduct, and (f)the need to act fairly as between members of the company. (2)Where or to the extent that the purposes of the company consist of or include purposes other than the benefit of its members, subsection (1) has effect as if the reference to promoting the success of the company for the benefit of its members were to achieving those purposes. (3)The duty imposed by this section has effect subject to any enactment or rule of law requiring directors, in certain circumstances, to consider or act in the interests of creditors of the company. The legal beagle role on here is already taken.... So stop talking pish. "The company as a whole" - ever wondered what "shareholders" actually are? The other parties to be taken into account are entirely secondary, as any semi-intelligent person would understand from reading that. Strangely enough, our resident moronic cellar dweller decides, yet again, to play the man rather than the ball and makes a cúnt of it yet again. 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted April 15, 2014 Share Posted April 15, 2014 Do all clubs reveal how much their sponsorship deals are worth? (before i get on my high horse) I don't pay much attention to other lesser clubs tbf... If anyone knows .... I'm really not sure there are any lesser clubs. Certainly no newer ones. And in all honesty, you don't have a great track record for paying much attention to your own club. Always good for a quote on anything celtic-related, mind, and the absolute go-to guy if you want your family defamed. Everybody brings something to the table - even if your offering tends to be rancid and bitter. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 15, 2014 Share Posted April 15, 2014 (edited) Strangely enough, our resident moronic cellar dweller decides, yet again, to play the man rather than the ball and makes a cúnt of it yet again. Strangely enough for once i wasn't having a go at you and was infact agreeing that it's strange that the figures haven't been released. Next haud yer horse's Normy.. edit - Wrong post (ooops and sorry Norm) Edited April 15, 2014 by bennett -1 Quote Link to comment Share on other sites More sharing options...
strichener Posted April 15, 2014 Share Posted April 15, 2014 You mean this? (1)A director of a company must act in the way he considers, in good faith, would be most likely to promote the success of the company for the benefit of its members as a whole, and in doing so have regard (amongst other matters) to— (a)the likely consequences of any decision in the long term, (b)the interests of the company's employees, ©the need to foster the company's business relationships with suppliers, customers and others, (d)the impact of the company's operations on the community and the environment, (e)the desirability of the company maintaining a reputation for high standards of business conduct, and (f)the need to act fairly as between members of the company. (2)Where or to the extent that the purposes of the company consist of or include purposes other than the benefit of its members, subsection (1) has effect as if the reference to promoting the success of the company for the benefit of its members were to achieving those purposes. (3)The duty imposed by this section has effect subject to any enactment or rule of law requiring directors, in certain circumstances, to consider or act in the interests of creditors of the company. "The company as a whole" - ever wondered what "shareholders" actually are? The other parties to be taken into account are entirely secondary, as any semi-intelligent person would understand from reading that. Strangely enough, our resident moronic cellar dweller decides, yet again, to play the man rather than the ball and makes a cúnt of it yet again. You show yourself up again. The company as a whole does not equal shareholders. Here is a simple translation for you: Link Generally, a director is required to comply with certain legal duties when acting as a director, and these duties are owed to the company rather than the shareholders. Statutory directors' duties were introduced under the Companies Act 2006. These are similar to the previous duties, but it is worth taking legal advice to ensure none of your current practices, policies and procedures could lead to breaches. The new duties are: To promote the long-term success of the company (rather than the interests of, say, the majority shareholder). To act within the company’s constitution and powers, ie only do things the company is authorised to do, and that they, the directors, have power to do (rather than the shareholders). To exercise independent judgement (ie not take instructions from a third party or, for that matter, a dominant director, on how to run the company). To exercise reasonable skill, care and diligence. To avoid ‘situational’ conflicts of interest, ie any situation in which his interests do or may conflict, directly or indirectly, with the company's. This includes where a director exploits any of the company's property, information or opportunities. Not to accept benefits from third parties that are offered because they are a director (or because they did, or omitted to do something as a director). To declare any direct or indirect personal interest in any proposed transaction or arrangement to be entered into by the company (a ‘transactional’ conflict) to other members of the board, either at a board meeting or in writing. The government has said that, for a trading company, 'success' will usually mean 'long-term increase in value'. It has also said, however, that it is for the directors to decide what constitutes success for their particular company and that the courts, in any action against a director for breach of duty, should be reluctant to substitute their judgement for that of the directors. The Companies Act specifies a (non-exhaustive) list of factors the directors must take into account in order to show that they are promoting the success of the company, including: the likely consequences of any decision in the long term the interests of the company's employees the need to foster the company's business relationships with suppliers, customers and others the impact of the company's operations on the community and the environment the desirability of the company maintaining a reputation for high standards of business conduct the need to act fairly as between members of the company Directors should also consider whether, given their company's circumstances, additional or alternative factors should also be taken into account. In deciding which factors to take into account, the weight to be given to each, and the actions they should take in consequence, the directors must exercise due skill, care and diligence. The shareholders can relieve the directors of many of their duties, in the articles of association, by authorising them to carry out certain acts that would otherwise be a breach. In the case of situational conflicts of interest, other independent members of the board (ie those who are not personally interested, or connected to someone who is) can authorise a breach unless the articles prohibit this. 3. Am I responsible to anyone other than the shareholders?Yes. You must promote the long-term success of the company as a whole, which involves taking into account more than just the interests of the current shareholders. For example, if the company faced a cash shortage, it might be inappropriate to declare a large dividend even if the shareholders wanted you to. As well as the shareholders, you must consider the interests of other 'stakeholders' such as creditors and employees. You also have a responsibility for ensuring that the company complies with all relevant legislation (see 15). 0 Quote Link to comment Share on other sites More sharing options...
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