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Big Rangers Administration/Liquidation Thread - All chat here!


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This crisis has the potential to be worse than 2012. Then the authorities had two months to shoehorn the new club into the system. Now they could be attempting to do it in mid-season while giving them the points of the deceased club and allowing the new club to remain in the Championship.

Rumours on Twitter of the authorities being asked to provide the newco with an advance of monies due later in the season.

Edited by AberdeenBud
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Why did this 'Disapplication of pre-emption rights' fail to get passed if it's so vital to the success of a share issue?

Genuine question by the way - I know nothing about this stuff.

On a similarly ignorant theme, why must they wait until Christmas time to stage another AGM? What's preventing them from bringing it forward?

It failed because existing shareholders don't want a company to be able to dilute their holdings. The dis-applicaiton of pre-emption rights allows the company to issue shares to new investors without offering them to existing ones. You are not permitted to do this without the assent of the existing shareholders.

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Quick edit from the Record there. I was so sorry to hear about the recent troubles affecting Richard Attenborough and Robin Williams, very sad. When I have troubles I would like to be composted or maybe shot into space.

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Quick edit from the Record there. I was so sorry to hear about the recent troubles affecting Richard Attenborough and Robin Williams, very sad. When I have troubles I would like to be composted or maybe shot into space.

more toast more toast

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FUK.gifRevealed: Rangers' troubles have cost Celtic £10m a year, reveals Parkhead chief... Daily Record 08:15

FUK.gifRevealed: Rangers' demise has cost Celtic £10m a year, reveals Parkhead chief... Daily Record 07:46

Quick edit from the Record there. I was so sorry to hear about the recent troubles affecting Richard Attenborough and Robin Williams, very sad. When I have troubles I would like to be composted or maybe shot into space.

Half an hour to pan the windaes in?

The bigoted rent a mob must be slipping.

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It failed because existing shareholders don't want a company to be able to dilute their holdings. The dis-applicaiton of pre-emption rights allows the company to issue shares to new investors without offering them to existing ones. You are not permitted to do this without the assent of the existing shareholders.

That makes sense. Thanks.

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Is this share issue purely aimed at the mugs then or will there be more mysterious institutional investors?

How many shares are you planning on purchasing, no.8?

I am sure i can find a spare pound or two...How many does that get me?

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Lawell admitting that they miss their pantomime rivals - tremendous.

I profoundly hoped Rangers demise would damage Celtic and I'd love to think that was coming to pass.

It makes me laugh though when selfish OF b*****ds pretend that their concern is for the wider game.

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This crisis has the potential to be worse than 2012. Then the authorities had two months to shoehorn the new club into the system. Now they could be attempting to do it in mid-season while giving them the points of the deceased club and allowing the new club to remain in the Championship.

Rumours on Twitter of the authorities being asked to provide the newco with an advance of monies due later in the season.

I have this awful feeling that the authorities will buy MP from them for some ridiculous sum.

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I think No8 is, like me, unable to buy shares within this share issue.

So any fans who've previously purchased will be unable to do so again?

Bloody hell, than shrinks the pool of potential purchasers greatly if so.

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I never bought shares which makes me ineligible for this share issue, as far as I am aware No8 did not purchase shares either, maybe wrong though.

Ah ok, other way around.

Cheers.

Surely still a huge ask to raise 3 million in three weeks I would imagine.

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Why don't you give us your views on it then and we can discuss it.

also C&P it over here too.

I know the majority of Sevconians are a bit thick and slow on the uptake, but is it too difficult for even you just to hit the link?? You want my view.....Waddell is totally spot on, on everything he says in his column!! Edited by Sting777
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