GreenockRover Posted January 5, 2015 Share Posted January 5, 2015 (edited) Sarver has been on US tv denying the "story"... Edited January 5, 2015 by GreenockRover 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted January 5, 2015 Share Posted January 5, 2015 (edited) I'm not convinced that the Jackson article amounts to much, beyond a summary of recent events and speculation that cash might be getting tight because the board objected to the diverting of £250k they hoped they were due. The tone of it makes it all sound exciting, but I'm not sure that it is because: a) It's Jackson writing in the Record, and b) It says nothing new - simply that we all await Ashley's next move with interest, as everyone's been saying anyway. Edited January 5, 2015 by Monkey Tennis 0 Quote Link to comment Share on other sites More sharing options...
Jamie_B Posted January 5, 2015 Share Posted January 5, 2015 One of the Easdale's has today put in a £500k loan to be used as working capital "over the next few days", secured against the money coming in for the sale of Lewis Macleod. Looks like that transfer fee isn't even a sticking plaster... 0 Quote Link to comment Share on other sites More sharing options...
Macshimmy Posted January 5, 2015 Share Posted January 5, 2015 Rangers International Football Club plc ("Rangers", "RIFC" or the "Company") Credit Facility of £0.5 million The Company is pleased to announce that it has entered into a short term credit facility for up to £0.5m (the "Facility"). The Facility is being provided by Alexander Easdale, a shareholder in the Company and director of The Rangers Football Club Limited, the wholly owned subsidiary of RIFC. The Facility will be used by the Company for general working capital purposes over the next few days. Alexander Easdale will make available to the Company up to £500,000 on a fee and interest free basis and it will be secured against the income from the sale of player announced on 2 January 2015. Under the AIM Rules for Companies, the Facility is a related party transaction under Rule 13 of the AIM Rules. The Directors of Rangers, having taken advice from their nominated adviser, WH Ireland plc, believe that the terms of the Facility are fair and reasonable as far as shareholders are concerned. Ends For further information please contact: Rangers International Football Club plc Tel: 0141 580 8647 David Somers 0 Quote Link to comment Share on other sites More sharing options...
Macshimmy Posted January 5, 2015 Share Posted January 5, 2015 ("Rangers", "RIFC" or the "Company") Statement re. Possible Offer and Rule 2.10 announcement The Company notes recent press speculation and confirms that it has received an approach from Robert Sarver (or a vehicle to be established and controlled by him) ("Mr Sarver") that may or may not lead to an offer being made for the Company. There can be no certainty that an offer will be made, nor as to the terms on which an offer may be made. A further announcement is expected shortly. Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Takeover Code"), requires that Mr Sarver, by not later than 5.00 p.m. 2 February 2015 (the "relevant deadline"), either announces a firm intention to make an offer for Rangers in accordance with Rule 2.7 of the Takeover Code or announce that he does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies. The relevant deadline will cease to apply to Mr Sarver if another offeror announces, prior to the relevant deadline, a firm intention to make an offer for Rangers. In such circumstances, Mr Sarver will be required to clarify his intentions in accordance with Rule 2.6(d) of the Takeover Code. This is an announcement falling under Rule 2.4 of the Takeover Code and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Takeover Code. There can be no certainty that an offer will be made nor as to the terms on which any offer might be made. A further announcement will be made as and when appropriate. Rule 2.10 In accordance with Rule 2.10 of the Takeovers Code, the Company confirms that it has 81,478,201 ordinary shares of 1 pence each in issue. 0 Quote Link to comment Share on other sites More sharing options...
Monkey Tennis Posted January 5, 2015 Share Posted January 5, 2015 It sounds as if Ashley has to start making decisions very soon regarding the new guys, or the latest insolvency is about to unfold. 0 Quote Link to comment Share on other sites More sharing options...
LeithKillie Posted January 5, 2015 Share Posted January 5, 2015 (edited) I really hope I am wrong but with all these sudden possible investors in the Ibrox based club could be able to engage in their usual plunder of top players (at least until they go to Govan). Hopefully the teams challenging Celtic at the moment will be left alone. I know clubs are rarely given transfer fees now but outbidding clubs on wages amount to the same greedy concept of buying success. If they are able to do this then hopefully the best players will have more sense and stay put. I know the consensus on here is they are in big trouble but I will only believe it if they for once do not do their plundering. Edited January 5, 2015 by LeithKillie 0 Quote Link to comment Share on other sites More sharing options...
HTG Posted January 5, 2015 Share Posted January 5, 2015 I really hope I am wrong but with all these sudden possible investors in the Ibrox based club cold be able to engage in their usual plunder of top players (at least until they go to Govan). Hopefully the teams challenging Celtic at the moment will be left alone. I know clubs are rarely given transfer fees now but outbidding clubs on wages amount t the same greedy concept of buying success. If they are able to do this then hopefully the best players will have more sense and stay put. I know the consensus on here is they are in big trouble but I will only believe it if they for once do not do their plundering. You're kidding eh? They need half a million secured against the sale of a player that has already gone through just so they can pay wages. There is no chance of plundering at this time. 0 Quote Link to comment Share on other sites More sharing options...
LeithKillie Posted January 5, 2015 Share Posted January 5, 2015 You're kidding eh? They need half a million secured against the sale of a player that has already gone through just so they can pay wages. There is no chance of plundering at this time. I hope you are right 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted January 5, 2015 Share Posted January 5, 2015 I really hope I am wrong but with all these sudden possible investors in the Ibrox based club could be able to engage in their usual plunder of top players (at least until they go to Govan). Hopefully the teams challenging Celtic at the moment will be left alone. I know clubs are rarely given transfer fees now but outbidding clubs on wages amount to the same greedy concept of buying success. If they are able to do this then hopefully the best players will have more sense and stay put. I know the consensus on here is they are in big trouble but I will only believe it if they for once do not do their plundering. FFS 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted January 5, 2015 Share Posted January 5, 2015 (edited) Greenock Rover states that Sarver is denying he made the offer on American TV ... ? Not sure of his source yet .. That's because he hasnt made an offer Edited January 5, 2015 by Drew Brees 0 Quote Link to comment Share on other sites More sharing options...
Stag Nation Posted January 5, 2015 Share Posted January 5, 2015 What school did Sarver go to? 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted January 5, 2015 Share Posted January 5, 2015 Correct, he has only approached Rangers and the club have announced this on the Stock Exchange. The rumoured offer could be around 18m. He will look at the books and realise the injection necessary to take them off life support is above and beyond the mere £18m spoken of in dispatches, then see that each and every spiv connected to the club will require a decent pay off before he can even start to clear the decks and buy back "the assets". Then he will see the state of disrepair Ibrox is in, if he even gets that far, and will either shite the bed vocally or slink off into the background as another coulda been. Nobody in their right mind, who has no emotional attachment to them, would plough the enormous sums required in. 0 Quote Link to comment Share on other sites More sharing options...
Marshmallo Posted January 5, 2015 Share Posted January 5, 2015 "general working capital purposes over the next few days"!!!! When is payday at Ibrox? All I can assume is they didn't have enough money to pay the wages this month before the Easdale loan. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted January 5, 2015 Share Posted January 5, 2015 Woah. 'Next few days'. Cashflow crisis? 0 Quote Link to comment Share on other sites More sharing options...
Ken Fitlike Posted January 5, 2015 Share Posted January 5, 2015 He will know everything we know about the club plus more through his business contacts and this hasn't put him off. So why has it not?. I mean the guy is no fool, he is not likely to throw 18m at a failing business without having some kind of strategy?. Why would he need an emotional attachment to Rangers?. Its They're irrelevant. FTFY 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted January 5, 2015 Share Posted January 5, 2015 (edited) He will know everything we know about the club plus more through his business contacts and this hasn't put him off. So why has it not?. I mean the guy is no fool, he is not likely to throw 18m at a failing business without having some kind of strategy?. Why would he need an emotional attachment to Rangers?. Its irrelevant. because it's virtually impossible to get a financial return from a scottish football club. The only ways to generate profit are, via player sales, buying cheap and selling on at a profit, but this has to be season upon season and with no scouting network available to sevco this is not going to happen, and continued Champions league group stage every year, again, not gonna happen . Edited January 5, 2015 by Drew Brees 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted January 5, 2015 Share Posted January 5, 2015 the 500K was put in place to stop HMRC issuing a winding up order today. Just read that, Hectors back 09:59: Rangers update Chris McLaughlin BBC Sport Rangers' latest crisis loan was taken to avoid being wound up by HMRC, BBC Scotland has learned. It's understood the club received a seven-day notice letter at the end of December for the payment of national insurance. 0 Quote Link to comment Share on other sites More sharing options...
Ranaldo Bairn Posted January 5, 2015 Share Posted January 5, 2015 What are they worried about? It's not like the last time where the club was wound up. It's only RIFC the holding company surely? 0 Quote Link to comment Share on other sites More sharing options...
Drew Brees Posted January 5, 2015 Share Posted January 5, 2015 the 500K was put in place to stop HMRC issuing a winding up order today. On the twelfth day of Christmas my true love gave to me, an invoice from HMRC 0 Quote Link to comment Share on other sites More sharing options...
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