ribzanelli Posted March 4, 2015 Share Posted March 4, 2015 Thanks for taking the time to respond , I don't think they have to be in place by Friday my assumption was they ( whomever they may be) would have been expecting to tell the world they were the new NOMAD for TRIFC on Friday , so I was querying the delay in any announcement particularly in the view of it is still prior to the EGM where the shareholders ( whose shares will be worth nothing if there is no NOMAD in place in 30 days) are being asked to vote on the resolutions that can still impact on this victory by King. If kings latest statement is to be believed then the resignation of WHI, while not unexpected, has come earlier than expected. So perhaps the new ones aren't ready to be announced yet? 0 Quote Link to comment Share on other sites More sharing options...
sonsanorak Posted March 4, 2015 Share Posted March 4, 2015 If Ashley doesn't provide the £5m loan. Does this mean Sevco are insolvent? pretty sure i read that the conditions of the 5+5 loan is that if anyone else tries to force an insolvency event sd have the option to put in funds to stop it, also that the 2nd million would only be granted after due diligence and some assurance that it could be paid back, and that sd can nominate the administrator should administration happen. Only way to get out of it would be to pay the balance of the loan plus any early payment penalties there may be. 0 Quote Link to comment Share on other sites More sharing options...
accietilleyedye Posted March 4, 2015 Share Posted March 4, 2015 If kings latest statement is to be believed then the resignation of WHI, while not unexpected, has come earlier than expected. So perhaps the new ones aren't ready to be announced yet? Perhaps the LSE or AIM have rules about when a NOMAD can be announced, but King must already be fairly far down the road with the one he planned to replace WH Ireland with,that's why I don't understand no announcement of even intent, if King is serious about taking over shouldn't he and his team have discussed all eventualities and prepared for one that was as glaring as the removal of the NOMAD, yes Murray as an interim chairman to buy time for King to be vetted sounds good , they have had a months notice, yet seem unprepared for the position they are in. Perhaps King has something up his sleeve he doesn't want to disclose before the i's are dotted and the t's crossed, but it appears that they have been wrong footed in what I would presume was a glaringly obvious way as the present Rangers board have been asking them questions about this since he brought the resolutions to the table ? 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted March 4, 2015 Share Posted March 4, 2015 Perhaps the LSE or AIM have rules about when a NOMAD can be announced, but King must already be fairly far down the road with the one he planned to replace WH Ireland with,that's why I don't understand no announcement of even intent, if King is serious about taking over shouldn't he and his team have discussed all eventualities and prepared for one that was as glaring as the removal of the NOMAD, yes Murray as an interim chairman to buy time for King to be vetted sounds good , they have had a months notice, yet seem unprepared for the position they are in. Perhaps King has something up his sleeve he doesn't want to disclose before the i's are dotted and the t's crossed, but it appears that they have been wrong footed in what I would presume was a glaringly obvious way as the present Rangers board have been asking them questions about this since he brought the resolutions to the table ? Apparently King can't announce anything about his plan publically until he's officially won the vote. 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted March 4, 2015 Share Posted March 4, 2015 The announcement to AIM (today) by WHI gives SD the option of triggering an insolvency event if King fails to come up with the required readies to fund his takeover. Would SD be the main Creditor though? I thought there was greater "charges" due to others? 0 Quote Link to comment Share on other sites More sharing options...
accietilleyedye Posted March 4, 2015 Share Posted March 4, 2015 Apparently King can't announce anything about his plan publically until he's officially won the vote. Is that a legal requirement , no idea until the unravel the snakes nest they think they will find or just cards close to the chest from King though ? 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted March 4, 2015 Share Posted March 4, 2015 Shakira 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted March 4, 2015 Share Posted March 4, 2015 I fear for No8's life if this doesn't go to plan. I wouldn't worry. He could always come back as The_No8. Or maybe No9. 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted March 4, 2015 Author Share Posted March 4, 2015 I wouldn't worry. He could always come back as The_No8. Or maybe No9. Surely a playoff against Tedi first. 0 Quote Link to comment Share on other sites More sharing options...
SodjesSixteenIncher Posted March 4, 2015 Share Posted March 4, 2015 You ken when the bickering about people being lied to starts getting brought out that the club is but a floating jobby in a world of fans. 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted March 4, 2015 Share Posted March 4, 2015 John Brown 0 Quote Link to comment Share on other sites More sharing options...
WhiteRoseKillie Posted March 4, 2015 Share Posted March 4, 2015 Apparently King can't announce anything about his plan publically until he's officially won the vote. He's not exactly been silent on the whole situation so far - I'd be more inclined to suggest that he won't be announcing anything until he has thought what exactly the fúck is his plan. He seems to know a damn sight more about what's happening now than what is going to happen once he's in a position of influence. Were I a berr, I'd be sceptical. Very sceptical. The berrz, of course, have no further options other than to pray he isn't the latest in a long line of scavengers. I'm glad it's not me that has to pin my last and final hope on this fella. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 4, 2015 Share Posted March 4, 2015 Such as? .... Pretty sure his 5 million covers him as the main external creditor. Edit: There are rumours that his chum Chuckles has a hefty sum owed dear reader... not sure on the validity of that. I'm sure they would agree on a way forward though. Not sure about Whyte's claim either ... Only thing I'm fairly sure is that Mike isn't likely to allow King to make a mug of him publicly. Mike could possibly just pull the plug to give him a good slapping .. not beyond the realms of possibility. Ye Cannae beat a bit of blogging. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted March 4, 2015 Share Posted March 4, 2015 It seems bizarre to modern eyes in a predominantly secular age where we have DNA analysis but this kind of thing wasn't as Fringe as you might think. I remember, as a child, reading about it in a Children's history of Scotland that had originally been my Grandfather's back in the early 1900s It was explained that the Scots arrived from Ireland, Ireland was called Hibernia and Hibernia sounds too much like Hebrew to be a coincidence. I was sceptical even then That controversy was one of Arthur Griffiths' forays on the public stage before Sinn Fein. Hubris from the 'British Israelites', pure and simple. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted March 4, 2015 Share Posted March 4, 2015 Another day of hairy ups and downs. Only a gooseberry in a lift could have so much fun. 0 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted March 4, 2015 Share Posted March 4, 2015 THE club owner-in-waiting has tonight released a conciliatory statement that accepts he must be scrutinised by financial and football rulers. DAVE KING has tonight revealed Paul Murray will be named on Friday as Rangers chairman while the Stock Market and SFA bosses rule on whether he is fit and proper. The Castlemilk-born businessman released a conciliatory statement that accepted he should be scrutinised by financial and Hampden rulers. King, who was a director of oldco that suffered an insolvency event and was found guilty of 41 tax charges, once again thanked the fans for helping him secure the club he has always supported. He also insisted he is ready to "rebuild relationships" with the rest of Scottish football, many of which were damaged by the likes of Charles Green. King, who will be successful in blitzing the current board at the egm in 48 hours, said: "An important issue that was repeatedly (and correctly) raised by the previous board is the need for the regulators to be given time to complete the necessary due diligence on myself - given my intended role as chairman of the company. "However, engagement with the regulators can only commence at the specific request of the company and that process can only be initiated on conclusion of the general meeting. "It is important that I lead by example following my commitment to transparency and accountability. "I will therefore delay acceptance of my appointment as director until the regulators have completed due process. Paul Murray has agreed to act as interim chairman of the company until this process has been concluded. Additional board appointments will be announced in the near future. "I again thank fans and shareholders for their support in bringing about the much-needed change that allows our club to progress to a better and more recognisable future. "I stressed in previous communications that the club must operate in a transparent manner with the appropriate standard of governance and accountability. "I also committed that the club will engage with fan groups to facilitate the continuation of the recent momentum in share purchases so that fans can become a significant voice in the future running of the club. I repeat that commitment. "The club must also take this opportunity to rebuild relationships with the football community in Scotland. This will be to the benefit of the club and Scottish football as a whole." King again took a verbal swipe at the existing board’s Nomad WH Ireland, who this afternoon stepped down. He added: "I confirmed my intention to delay taking up my directorship to WH Ireland on Monday. "Based on that decision WH Ireland agreed to remain in place to effect a proper handover to the incoming Nomad. I coordinated a call between both parties for this afternoon to effect the initial introduction. "However, before this conversation could take place and contrary to our agreement WH Ireland resigned without prior notification to me. That lack of professionalism has characterised WH Ireland’s role as Nomad and reinforces why there was a complete lack of governance and transparency under its watch. "Consequently, to WH Ireland’s and the board’s knowledge, it is blatantly dishonest to suggest that my imminent appointment to the board was of concern to them. "Fortunately, the general meeting is not affected by the suspension. The new board will proceed to ensure that the listing is resumed as soon as possible. "I ask that all who attend the general meeting on Friday do so with the calmness and the dignity that is befitting of this great club." Oldco was found guilty of 41 taxes charges? 0 Quote Link to comment Share on other sites More sharing options...
Gaz Posted March 4, 2015 Share Posted March 4, 2015 No, King was. Although he was charged with over 300. 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted March 4, 2015 Share Posted March 4, 2015 Such as? .... Pretty sure his 5 million covers him as the main external creditor. Edit: There are rumours that his chum Chuckles has a hefty sum owed ... not sure on the validity of that. I'm sure they would agree on a way forward though. Not sure about Whyte's claim either ... Only thing I'm fairly sure is that Mike isn't likely to allow King to make a mug of him publicly. Mike could possibly just pull the plug to give him a good slapping .. not beyond the realms of possibility. Yeh I think that is what I must have been thinking about. Time will tell I suppose! 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted March 4, 2015 Share Posted March 4, 2015 So after the initial charge of the light brigade there is no documented plan, the probability of a share issue rather than Dave's cash and he has now confirmed his directorship is subject to a delay. Ok. 0 Quote Link to comment Share on other sites More sharing options...
nsr Posted March 4, 2015 Share Posted March 4, 2015 Stupid Visigoths. 0 Quote Link to comment Share on other sites More sharing options...
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