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On 02/07/2018 at 19:45, Skondras said:

I read that BT Sport where bidding for the Europa League game on Thursday, any update towards if they got it? Would be an interesting watch to see how Rangers look.

They’ll be fucking shite. They’re ALWAYS fucking shite.

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Where does this leave things?  https://www.bbc.co.uk/sport/football/44718685

Quote

Rangers chairman Dave King faces contempt proceedings from Takeover Panel

 

By Alasdair Lamont

BBC Scotland

  • 2 hours ago
  • The feud between Dave King and the Takeover Panel has escalated, with a decision of its hearings committee indicating that contempt proceedings have been raised against Rangers' chairman.

In December, the Court of Session ordered King to make an offer to Rangers shareholders of 20p a share.

King failed in an appeal against that decision and also failed to persuade the Takeover Panel to allow him more time to make the offer.

Now, as the panel announced it was refusing to convene its hearings committee to review that last decision, it appears King could face more serious issues.

Within the statement published today, the Panel says: "The executive went on to refer to an email of the previous day in which it had stated its intention to initiate contempt proceedings were Mr King to fail to procure the publication of an offer in accordance with the code within the time stipulated.

"It stated that, in the circumstances, it would initiate contempt proceedings in the Court of Session on 27 April 2018 if, by midnight on 26 April 2018, Mr King had failed to publish a code compliant offer.

"In the event, process in the contempt proceedings appears to have been served on Mr King in South Africa on 8 June 2018."

King had stated previously that the delay was a result of the Takeover Panel requiring funds of around £11m to be held in a UK account rather than South Africa, where he is resident.

But the Takeover Panel suggests there was a lack of clarity over his attempts to move the funds.

"On 11 April 2018 the (Takeover Panel) Executive had suggested to Mr King that he instruct Investec to open a UK sterling account on Laird's behalf with a view to Investec providing the necessary cash confirmation," the statement adds.

Laird is a company owned by a trust of which King and his family are the beneficiaries.

The statement continues: "As regards Mr King's offer to instruct Investec if his request for an extension were granted, the Executive pointed out that in a telephone conversation of 11 April 2018 he had undertaken to start the process of engaging Investec on that same day, but no evidence had been forthcoming that Investec had been instructed to seek the necessary exchange control approvals and give the requisite cash confirmation."

It adds that the apparent serving of contempt of court proceedings "seems to have prompted Mr King's request of 11 June 2018 to have the Committee convened for a review of the Executive's refusal to agree an extension of time.

"In the meantime, Mr King had produced no evidence to show that he had instructed Investec to seek the necessary exchange control consents or to confirm its willingness to receive the consideration monies into a UK account with a view to giving the requisite cash confirmation.

"It is noteworthy that, in his submissions of 18 June 2018 Mr King does not maintain that he has now instructed Investec to do this."

 

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43 minutes ago, Drew Brees said:

 


IMG_1626.jpg

 

Yeah, shame it doesn't matter what he thinks is critical, or not. Would think it would be more important what the people who enforce the law thinks. 

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10 hours ago, DeeBairn said:

Yeah, shame it doesn't matter what he thinks is critical, or not. Would think it would be more important what the people who enforce the law thinks. 

I wish there was someone in a position to enforce the law who would just say enough is enough and weld the gates at Ibrox shut permanently.

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1 hour ago, BobWilliamson said:

Scary thing is you are actually serious.

Just about sums up Pie and Bovril in this one short post.

 

What have they actually been punished for? They got relegated to third division after being liquidated. That wasn't a punishment, that was an accurate application of the rules that were put in place at the agreement of all clubs, including Rangers. There's been a willful ignorance at the SFA of everything that has gone on. And if this had been Celtic instead of Rangers, the people would have been demanding lynching

 

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23 hours ago, nsr said:

Will Rangers ever face any actual consequences concomitant to the scale of their cheating? 

what do you want to happen? i'm not interested in rangers to be honest but i would like to know what people want to happen.

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what do you want to happen? i'm not interested in rangers to be honest but i would like to know what people want to happen.
All titles and cups won during the EBT years be declared void. Official statement that the current club is a different entity from the one formed in 1872. Any office bearers at the old club to be declared Not Fit and Proper.
You know, common sense stuff based on actual reality.
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