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Big Rangers Administration/Liquidation Thread - All chat here!


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The simple truth is with Ashley at the helm you were as good as guaranteed 7 more years in existence, benefiting both SD and RFC.

With King at the helm I will be surprised if you actually KO this season and amazed if you make XMas

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I love how opinions regarding the "spivs", so typical of p and b these days.

Other loans were available at the time, Mr sporting emporiums scheme was quite transparent..

To me this is the only way king can get out of it but he has to be able to prove it.

I don't know if anyone actually approached the board with proof of funds and written documents

I know king said he did in the papers and so did Kennedy but how far did this go and were they tied to them taking over the company. If that was the deal Kennedy or king put forward I think the board would have been within their rights to turn it down.

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Just checking...when Rangers tax dodged and used side letters in their dodgy contracts that was all good because it was legal...but SDs contracts are a disgrace and should be ripped up.?

Yes. The Rangers and their Real Rainjurz Men are the Good Guys. If they do something, it's good. If the Bad Guys do something (even if it's the same thing), it's bad. Sevconian logic at its finest.

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MESSAGE FROM CHAIRMAN, DAVE KING

Dear fellow supporter

Spoiler: click to toggle

Rangers Football Club is about to commence the next chapter of a remarkable 143-year-old story that has spanned the ages and inspired countless supporters over many generations. Our Club has a deep and rich history but Rangers is as much about its future as its past. It is in remembrance of past generations and my hope for future generations that I write to you today. I am immensely proud to be Chairman of this wonderful Scottish institution and I am mindful of the delicate situation the Club is in at this critical juncture in its history. It is absolutely vital that the board and fans join together to restore Rangers to its natural and more recognisable position - both in Scotland and internationally. Like all of you who read this letter, I have always taken pride in being a Rangers supporter. It is something I inherited from my father who, in turn, inherited the legacy from my grandfather. This is what Rangers fans do. We pass on our pride and belief in Rangers to our children. That is why Rangers truly is a Club for generations. Our unrelenting pride and belief in Rangers has helped us through the last few years, which have been the toughest for supporters in the Club’s long history.

The reality is that from the time of the Craig Whyte acquisition the Club has lurched from one crisis to another and it was ultimately the stamina and endurance of our supporters that led us towards the new era that began with the removal of the previous board on the 6th March 2015. I assure all supporters they now have a Board they can trust to restore the Club’s fortunes. It is a Board that will ensure sufficient funding will be in place for Rangers to compete for the Premiership in the coming seasons and the Board will do so in a manner that does not take the Club back to the financial precipice. This rebuilding process should have commenced three years ago but for reasons that we are all too familiar with, this didn’t happen and it is incredibly disappointing to us all that Rangers remains in the Championship. However, we must now turn that into an opportunity.

As a fan I was desperate for us to gain promotion to the Premiership but as a businessman I was alert to the risk that this entailed. The simple fact is that the Club is not yet ready to make a challenge for the Premiership title. Even with the economic gulf that Rangers enjoyed against those with whom it was competing we could not win the Championship.

We struggled throughout the season and, despite the best efforts of Stuart McCall we struggled, even in those play-off matches which we did win. We now find ourselves having to restructure both on and off the field and it must be clear to all fans that this could not be achieved easily in the little time we have before the commencement of pre-season training. Spending another season in the Championship is an undesirable reality and we have to start with rebuilding the footballing side so that we end this next season as champions of the Championship and ready to compete for the Premiership title. We must target players who have the quality and desire to play for Rangers. We must also ensure that the football structure we put in place provides a sustainable and successful future for the Club. However, even with new investment your Board cannot do this on its own. That is why I am asking you to take season ticket sales to a record level. The football you have watched over the last season does not justify the price you have paid but we want and need to do better. Our Club cannot, and must not, get to the point where we celebrate mediocrity. The Rangers Football Club has, for over a century, been the biggest Club in Scotland and will be again. That is a non-negotiable for me. Our Club stands at a crossroads and the next season is critical to our future.

This must be the last season we spend in the Championship and an intelligent and realistic strategy to drive Rangers back to the very top as quickly as possible is required. Over the last year I have witnessed just how much so many of you care for Rangers. The last several years have been anything but easy and it has been your unflinching support and love for our Club that has held it together. It has been the historical willingness of fans to back the team by purchasing season tickets and supporting the Club’s retail operations and creating new ventures (such as Rangers Pools, now Rangers Lotto) that ensured long-term success and domination in Scotland. It is not so long ago that Rangers had the second most profitable football brand in the UK. I will be engaging our retail partners to find a way forward to deal with the current concern of fans that purchasing replica kit and other merchandise does not support the Club to the extent that historically has been the case. I will make further comment on that topic in the coming weeks. Although my present focus is on new season tickets I also want to create a way for supporters to participate in the Club that goes beyond what we have seen in the past and creates a new legacy for future generations.

The Club will seek to innovate and grow in partnership with our supporters and more detail will be conveyed in the not too distant future. I ask you to buy season tickets for two important reasons. First, it is vital to the rebuilding of the Club that Rangers is restored to its natural economic power in Scottish football and internationally. As stated above, this is fundamentally derived from supporters attending games because investment from shareholders can make a difference when dealing with funding shortfalls but is not a long-term solution. The second reason is that I believe supporters are being presented with a unique once-in-a generation opportunity to acquire a season ticket and retain it in the family for future generations. The Club is presently at an all-time low but we are on the way back. This is a chance to watch a Championship winning team next season and to look back in the future with satisfaction at the part you played in rebuilding your beloved football team.

This is an opportunity your father never had and one that your children should be spared. There is nothing like watching Rangers playing and winning and it is our duty to make sure our children can experience and enjoy that special feeling without suffering as you have done. In addition to the need to rebuild the first team squad we must stop merely paying lip service to youth development. Auchenhowie must become the envy of all and it is equally important that Rangers recruiting systems are also fully restored after years of neglect.

All of this will require money and that is why I am urging every supporter to buy into what we are trying to achieve for Rangers. All season ticket proceeds will be fully invested in the footballing activities of the Club. The wrong types have been removed from the Club and for the first time in years there is hope. We can all be confident that there will be no more squandering of money. Hopefully we can share the vision to return Rangers to the pinnacle of the domestic game within two or three years and thus become European regulars again. We can and we must do that because our Club is too big to settle for anything less. So, the average price for a ticket for season 2015-16 is £411 representing a relatively modest 5% increase which is necessary if we are to generate the levels of finance required to achieve our immediate goals. I do not believe we should talk in exact numbers because we do not know precisely how much it will cost to rebuild and restore this wonderful Club.

The required funding for this new season alone could change significantly depending on how discussions with our retail partners are concluded. We have to spend immediately to rebuild the football staff at all levels but we can’t say for certain how much it will cost to forge a team to win the Championship. What I can say, however, is that if I, and other investors have to put in an extra £5m for this season that’s what we’ll do. If it requires more, for instance £10m, so be it.

The crucial point is this: We can only do this together. We must all invest in our Club’s future. This is the only way we will regain our pride, status, position and credibility. This is our Club, our time and we must make sure we succeed for the generations who have gone before and for those who will follow us.

:lol::1eye Where ta start..... :blink: Fill your boots lads :lol:

Foot through the telly stuff.

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MESSAGE FROM CHAIRMAN, DAVE KING

The reality is that from the time of the Craig Whyte acquisition the Club has lurched from one crisis to another and it was ultimately the stamina and endurance of our supporters that led us towards the new era that began with the removal of the previous board on the 6th March 2015. I assure all supporters they now have a Board they can trust to restore the Club’s fortunes. It is a Board that will ensure sufficient funding will be in place for Rangers to compete for the Premiership in the coming seasons and the Board will do so in a manner that does not take the Club back to the financial precipice. This rebuilding process should have commenced three years ago but for reasons that we are all too familiar with, this didn’t happen and it is incredibly disappointing to us all that Rangers remains in the Championship. However, we must now turn that into an opportunity.

The previous board(s) to blame for everything, naturally. I have to wonder how long Medium Dave will be able to get away with this line before the Visigothic Horde start asking why things are still no better. Probably as long as he likes, they're not that good at independent thought.

This is an opportunity your father never had and one that your children should be spared. There is nothing like watching Rangers playing and winning and it is our duty to make sure our children can experience and enjoy that special feeling without suffering as you have done. In addition to the need to rebuild the first team squad we must stop merely paying lip service to youth development. Auchenhowie must become the envy of all and it is equally important that Rangers recruiting systems are also fully restored after years of neglect.

:lol: Cringeworthy in the extreme :lol:

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Tbf I don't really see what Ashley gained from today, unless it's just an expensive trolling exercise?

The details will probably come out anyway and he's just tacitly reinforced King's dubious claims about the original retail agreement.

Its entirely possible, though, that he doesnt actually want his £5m back ... at the moment. If the shareholders vote no today then they are, tacitly, accepting the retail contract as it is with the 75/25 split

It is an unbelievably shit arrangement, one look at any previous deal would show that, this is the problem with discussing anything on P & B, people just come out with this nonsense and expect it to be taken seriously.

Ashley signed up a shit deal for Rangers with CG which was no doubt beneficial for whatever board members were running the show.

Later on he persuaded some other board members to agree to a loan when other finance offers were on the table, again beneficial for whatever board members were involved, this allowed him to get his people on the inside who added yet more onerous terms that give no benefit whatsoever to the club.

That is what has happened, either King can get out of the deal or Rangers have to survive without any retail income for 7 years.

As was pointed out yesterday, very well I might add, the alternative for Rangers was to run the retail operation themselves. At the time they signed the SD deal the club was in no position to be able to do that.

A 51% share of profit for doing absolutely hee-haw is, actually, a fantastic deal.

That statement from King just broke my bingo card

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The Club is presently at an all-time low but we are on the way back.

I'd have thought that was when you were in the third division.

Love how the papers have turned the court case story around to Ashley claiming expenses for £20k and highlighting the cheek of a businessman wanting to keep details of contracts secret. Only possible reason is because they're crap for Rangers, not because it's commercially sensitive information.

Details of commercial deals are one of the few things you can't get through FOI from public bodies so Ashley is perfectly entitled to protect his interests - unless you're a Rangers fan or work in the media when it's yet another example of him trying to screw The King out of the chance to rebuild a three year old club.

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MESSAGE FROM A convicted fraudsters and liar

Dear idiots

The required funding for this new season alone could change significantly depending on how discussions with our retail partners are concluded. We have to spend immediately to rebuild the football staff at all levels but we cant say for certain how much it will cost to forge a team to win the Championship. What I can say, however, is that if I, and other investors have to put in an extra £5m for this season thats what well do. If it requires more, for instance £10m, so be it.

The crucial point is this: We can only do this together. We must all invest in our Clubs future. This is the only way we will regain our pride, status, position and credibility. This is our Club, our time and we must make sure we succeed for the generations who have gone before and for those who will follow us.

::

Funny, thought there was "no mechanism " to invest?

Edited by THE KING
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So Rangers will get 51% of the retail if they pay back the loan.

Surely it makes better financial sense than waiting the 7 years until the contract ends.

Why doesn't King want this?

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Really?

As far i can see he wants shareholders to back him at an egm, yet kicked sand in the faces of those same shareholders faces and has shown those same shareholders that he something to hide in regards to his contracts.

Maybe im not a big business guru like you are, so perhaps you could explain it all....

I don't think MA has any intention of winning the EGM resolutions?! It's clearly just an attempt to embarrass the board in to paying him his money,Today will be a masterclass in lying through your fucking teeth as the convicted liar ,tries to explain lying about having a NOMAD, his promised investment .
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Dave King on 28/3/14:

My father wasn’t at all keen on me becoming a Rangers supporter. He was a Glasgow policeman and because of that he resented the whole football scene in Glasgow.
‘He was actually very anti-football. When we were kids growing up he was very vocal on his dislike of the bigotry in football. The police in Glasgow at that time saw it as a basis for thuggery.

"My father took me to that first game reluctantly....."


Read more: http://www.dailymail.co.uk/sport/foo...#ixzz3cplvhkkL
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Dave King yesterday:

Like all of you who read this letter, I have always taken pride in being a Rangers supporter. It is something I inherited from my father who, in turn, inherited the legacy from my grandfather. This is what Rangers fans do. We pass on our pride and belief in Rangers to our children. That is why Rangers truly is a Club for generations. Our unrelenting pride and belief in Rangers has helped us through the last few years, which have been the toughest for supporters in the Club’s long history.

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belief in Rangers

What are they, a god now? How can you have "belief" in a football club? You might have belief in the ability/attitude of the manager or players to give their best and win stuff, but in the club itself? What does that mean?

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MESSAGE FROM CHAIRMAN, DAVE KING

Dear fellow supporter

Spoiler: click to toggle

Rangers Football Club is about to commence the next chapter of a remarkable 143-year-old story that has spanned the ages and inspired countless supporters over many generations. Our Club has a deep and rich history but Rangers is as much about its future as its past. It is in remembrance of past generations and my hope for future generations that I write to you today. I am immensely proud to be Chairman of this wonderful Scottish institution and I am mindful of the delicate situation the Club is in at this critical juncture in its history. It is absolutely vital that the board and fans join together to restore Rangers to its natural and more recognisable position - both in Scotland and internationally. Like all of you who read this letter, I have always taken pride in being a Rangers supporter. It is something I inherited from my father who, in turn, inherited the legacy from my grandfather. This is what Rangers fans do. We pass on our pride and belief in Rangers to our children. That is why Rangers truly is a Club for generations. Our unrelenting pride and belief in Rangers has helped us through the last few years, which have been the toughest for supporters in the Club’s long history.

The reality is that from the time of the Craig Whyte acquisition the Club has lurched from one crisis to another and it was ultimately the stamina and endurance of our supporters that led us towards the new era that began with the removal of the previous board on the 6th March 2015. I assure all supporters they now have a Board they can trust to restore the Club’s fortunes. It is a Board that will ensure sufficient funding will be in place for Rangers to compete for the Premiership in the coming seasons and the Board will do so in a manner that does not take the Club back to the financial precipice. This rebuilding process should have commenced three years ago but for reasons that we are all too familiar with, this didn’t happen and it is incredibly disappointing to us all that Rangers remains in the Championship. However, we must now turn that into an opportunity.

As a fan I was desperate for us to gain promotion to the Premiership but as a businessman I was alert to the risk that this entailed. The simple fact is that the Club is not yet ready to make a challenge for the Premiership title. Even with the economic gulf that Rangers enjoyed against those with whom it was competing we could not win the Championship.

We struggled throughout the season and, despite the best efforts of Stuart McCall we struggled, even in those play-off matches which we did win. We now find ourselves having to restructure both on and off the field and it must be clear to all fans that this could not be achieved easily in the little time we have before the commencement of pre-season training. Spending another season in the Championship is an undesirable reality and we have to start with rebuilding the footballing side so that we end this next season as champions of the Championship and ready to compete for the Premiership title. We must target players who have the quality and desire to play for Rangers. We must also ensure that the football structure we put in place provides a sustainable and successful future for the Club. However, even with new investment your Board cannot do this on its own. That is why I am asking you to take season ticket sales to a record level. The football you have watched over the last season does not justify the price you have paid but we want and need to do better. Our Club cannot, and must not, get to the point where we celebrate mediocrity. The Rangers Football Club has, for over a century, been the biggest Club in Scotland and will be again. That is a non-negotiable for me. Our Club stands at a crossroads and the next season is critical to our future.

This must be the last season we spend in the Championship and an intelligent and realistic strategy to drive Rangers back to the very top as quickly as possible is required. Over the last year I have witnessed just how much so many of you care for Rangers. The last several years have been anything but easy and it has been your unflinching support and love for our Club that has held it together. It has been the historical willingness of fans to back the team by purchasing season tickets and supporting the Club’s retail operations and creating new ventures (such as Rangers Pools, now Rangers Lotto) that ensured long-term success and domination in Scotland. It is not so long ago that Rangers had the second most profitable football brand in the UK. I will be engaging our retail partners to find a way forward to deal with the current concern of fans that purchasing replica kit and other merchandise does not support the Club to the extent that historically has been the case. I will make further comment on that topic in the coming weeks. Although my present focus is on new season tickets I also want to create a way for supporters to participate in the Club that goes beyond what we have seen in the past and creates a new legacy for future generations.

The Club will seek to innovate and grow in partnership with our supporters and more detail will be conveyed in the not too distant future. I ask you to buy season tickets for two important reasons. First, it is vital to the rebuilding of the Club that Rangers is restored to its natural economic power in Scottish football and internationally. As stated above, this is fundamentally derived from supporters attending games because investment from shareholders can make a difference when dealing with funding shortfalls but is not a long-term solution. The second reason is that I believe supporters are being presented with a unique once-in-a generation opportunity to acquire a season ticket and retain it in the family for future generations. The Club is presently at an all-time low but we are on the way back. This is a chance to watch a Championship winning team next season and to look back in the future with satisfaction at the part you played in rebuilding your beloved football team.

This is an opportunity your father never had and one that your children should be spared. There is nothing like watching Rangers playing and winning and it is our duty to make sure our children can experience and enjoy that special feeling without suffering as you have done. In addition to the need to rebuild the first team squad we must stop merely paying lip service to youth development. Auchenhowie must become the envy of all and it is equally important that Rangers recruiting systems are also fully restored after years of neglect.

All of this will require money and that is why I am urging every supporter to buy into what we are trying to achieve for Rangers. All season ticket proceeds will be fully invested in the footballing activities of the Club. The wrong types have been removed from the Club and for the first time in years there is hope. We can all be confident that there will be no more squandering of money. Hopefully we can share the vision to return Rangers to the pinnacle of the domestic game within two or three years and thus become European regulars again. We can and we must do that because our Club is too big to settle for anything less. So, the average price for a ticket for season 2015-16 is £411 representing a relatively modest 5% increase which is necessary if we are to generate the levels of finance required to achieve our immediate goals. I do not believe we should talk in exact numbers because we do not know precisely how much it will cost to rebuild and restore this wonderful Club.

The required funding for this new season alone could change significantly depending on how discussions with our retail partners are concluded. We have to spend immediately to rebuild the football staff at all levels but we can’t say for certain how much it will cost to forge a team to win the Championship. What I can say, however, is that if I, and other investors have to put in an extra £5m for this season that’s what we’ll do. If it requires more, for instance £10m, so be it.

The crucial point is this: We can only do this together. We must all invest in our Club’s future. This is the only way we will regain our pride, status, position and credibility. This is our Club, our time and we must make sure we succeed for the generations who have gone before and for those who will follow us.

:lol::1eye Where ta start..... :blink: Fill your boots lads :lol:

:lol::lol::lol: good god.

Definitely a real rangers man. Top guy.

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Tbf I don't really see what Ashley gained from today, unless it's just an expensive trolling exercise?

The details will probably come out anyway and he's just tacitly reinforced King's dubious claims about the original retail agreement.

Not as much as he had hoped. Although the reports of the £20k costs is mis-leading as this is only an interim amount until the judge has been provided with details of the costs being claimed by SD.

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A feeling of the lady doth protest too much in that statement regarding the age of the club. I never saw any references to the company that owns and operates the club neither, any chance that maybe club and company are the same thing?

Some hilarious wailing and gnashing of teeth in the last few pages from the resident berrz too. Are those posters not the same ones who waxed on about supporting the club and not really caring about the company since companies can come and go? A lot of needless worry about the business arrangements of the company that owns and operates the club if it is the case.

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