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Rangers FC On Field Gossip & Rumour Thread 2017 Mod Note in OP(Updated 14/08)

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  • Registered Users, Registered Users 2 Posts: 1,521 ✭✭✭bobmalooka


    I'd love to know who in SARS "pointed out" that UK company law is identical to SA company law.

    Edit: either way a fresh start for the club with some much needed optimism


  • Registered Users, Registered Users 2 Posts: 974 ✭✭✭Intifada


    Jelle1880 wrote: »
    Hasn't your own club just been fined for the 6th time in 3 years by UEFA for crowd trouble ?
    Glass houses and all that.

    And who cares anyway what the VB say, bunch of deranged idiots.

    edit: Scratch that, 7 charges in 3 years now :pac:

    :pac: indeed. You know full well yourself how petty the charges are. Breaches of ridiculous health & safety rules and a banner with the F word on. Good heavens! Your fans meanwhile destroy cities and sing racist, sectarian songs. They are hated all over Europe and have been for decades. If it's point scoring you're after, you are losing badly :o:o:o


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    Pro IRA-stuff against Rennes, fighting in Zagreb and Amsterdam,...

    Yeah, those bloody health and safety rules, how dare they :pac:

    'Hated all over Europe' ? As long as you believe it I guess :)


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    Talk about debate going on between King and co and the board, there's a chance it won't even come to an EGM and it could well be over by the middle of the week.

    Don't know if they will find a compromise, but I'd be inclined to give them nothing and wait until Friday.


  • Registered Users, Registered Users 2 Posts: 1,521 ✭✭✭bobmalooka


    Jelle1880 wrote: »
    Talk about debate going in between King and co and the board, there's a chance it won't even come to an EGM and it could well be over by the middle of the week.

    Don't know if they will find a compromise, but I'd be inclined to give them nothing and wait until Friday.

    I'm sure they'll find a way to all get looked after.......but our Dave is different of course


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  • Registered Users, Registered Users 2 Posts: 974 ✭✭✭Intifada


    Jelle1880 wrote: »
    Pro IRA-stuff against Rennes
    Why, what was sung?
    fighting in Zagreb and Amsterdam,...
    In Zagreb the riot police waded into the fans to remove a banner in support of the Dinamo president. The only footage of 'fighting' shows a policeman cracking somebody over the head with a baton who was standing there singing.

    In Amsterdam, again, the police came in for huge criticism even from the mayor there. And again, the video evidence is of police in plain clothes battering everyone in sight. Six fans done for fighting after Ajax casuals attacked families in the square, after having caused trouble in Glasgow.

    All you've done here is prove my point - you can reel off the number of incidents all you like but when you get down to the bones of it there is very little mud for you to sling. Comparing the behaviour and reputation of our fans is pretty much the last avenue you want to go down. You have very little ammo and you're living in the most delicate glasshouse known to man :pac:


  • Closed Accounts Posts: 14,311 ✭✭✭✭weldoninhio


    No, more like this. SARS have no sway in the UK

    http://www.hmrc.gov.uk/manuals/insmanual/ins45305.htm

    Still wondering how Dodgy Dave is planning on getting around this. The blue side of this argument completely ignored it when I originally posted it.


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    'Landslide victory' claimed by Dave King, in an email to the board:

    http://sport.stv.tv/football/clubs/rangers/312447-dave-king-announces-landslide-win-in-bid-to-take-control-of-rangers/
    Dave King has claimed a “landslide victory” in his bid to claim control of Rangers FC.

    The South African-based businessman claims all his resolutions have been passed with no need for Friday’s EGM to take place.

    On Monday, Rangers chairman David Somers resigned with chief executive Derek Llambias and finance director Barry Leach facing motions to remove them from the board.

    In a statement on Tuesday, King claimed Llambias had informed him that he had secured the necessary votes to implement boardroom change.

    He said: "All of the Rangers directors that are subject to my requisition have now accepted that my resolutions have been successful and there is now no need for the general meeting to proceed. Mr Llambias put it best by advising me that I had achieved a “landslide” victory. I wish to thank all shareholders, and particularly the fans, for this resounding success. The future now looks more recognisable for all Rangers stakeholders.

    "James Easdale and David Somers did the right thing by resigning however the two appointees of Mr Ashley have stubbornly refused to resign and are using their current position (as remaining directors) to withhold implementation of the resolutions for personal gain. I attach a copy of my email to them in this regard.

    "Now that the incoming board and I can focus on the future I will issue a further press statement outlining the immediate and intermediate steps that we have to take as we commence the road to re-establishing Rangers to the institution that its legacy demands."

    As part of the changes, Paul Murray and John Gilligan are set to be appointed to the board.

    King still faces questions over his suitability to be a director of an publicly-listed company, following his convictions in South Africa on 41 counts of breaching the country's Income Tax Act.

    The businessman has previously stated the fact he is able to serve as a director in South Africa without impediment is a clear indication he will be able to do the same in the United Kingdom.

    King and Murray both will also face questions from the Scottish Football Association over their suitability under the governing body's fit and proper person guidelines.

    Both men were involved with Rangers in the lead-up to its slump into liquidation in 2012, which will lead to scrutiny from the Scottish FA's board.

    King will also be challenged on his tax convictions before a decision is reached on whether he can serve as an official at the club.

    2nqxtex.jpg


  • Registered Users, Registered Users 2 Posts: 9,011 ✭✭✭Soups123


    Does it not concern Rangers fans that this guy was involvedand was part of what lead the club to were they are now and/or why he didnt step in/up at the time and try save the club?

    Are you confident this is a step in the right direction?


  • Registered Users, Registered Users 2 Posts: 17,977 ✭✭✭✭A Dub in Glasgo


    I have said it before that there are many occasions when 'Rangers' men stood idly by and watched from the sidelines as the club was allowed to die and another one created. You have all those 'Rangers' men who owed the club millions in loans who done nothing to save Rangers


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  • Registered Users, Registered Users 2 Posts: 974 ✭✭✭Intifada


    Soups123 wrote: »
    Does it not concern Rangers fans that this guy was involvedand was part of what lead the club to were they are now and/or why he didnt step in/up at the time and try save the club?

    Are you confident this is a step in the right direction?

    They are the same club and have all their history etc so the only consequences of what happened is a few seasons in the lower leagues and all their debt wiped. If you believe this, which they do, then there is little reason to hold a grudge against King et al for doing nothing.


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    Seems like the last attempt to bleed the club dry even more is taking out the second £5m from the Ashley loan...

    Pure vindictiveness from the board.

    edit: Do you guys genuinely believe that anyone else but Whyte and later Green would have gotten their hands on the club ? No matter how many people may have stepped up trying to buy it, there was only ever going to be one outcome.


  • Registered Users, Registered Users 2 Posts: 17,977 ✭✭✭✭A Dub in Glasgo


    03 March 2015

    'Rangers International Football Club plc

    ("Rangers" the "Club" or the "Company")

    Drawdown
    The Board of Rangers announces that the Company has commenced the process of satisfying the conditions for drawdown of the second tranche of the facility announced on 27 January 2015 with SportsDirect.com Retail Limited and associated companies ("SD") (the "Facility") in order to meet its cash requirements for the third week of March. Drawdown of the second tranche of the Facility is subject to due diligence by SD. Shareholders should be aware that there are other conditions of drawdown which include a material and adverse change and/or significant, adverse event condition which could impact upon the willingness of SD to release the funds. If the funds are not able to be drawn down from the Facility, alternative sources of external funding will be required. '

    http://www.boards.ie/vbulletin/showpost.php?p=93859466&postcount=5463


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    Not necessarily a checkmate move, it means he can put 2 more people on the board but by Friday the 2 he has now will most likely be gone as well.

    Also, it remains to be seen if this can happen since there is still the SFA investigation into Ashley.

    edit:
    Disciplinary outcome: Michael Ashley Tuesday, 03 March 2015

    A Disciplinary Tribunal convened last night in accordance with the Judicial Panel Protocol to consider the following case:

    - Michael Ashley
    Disciplinary rules allegedly breached -

    Disciplinary Rule 19: Except with the prior written consent of the Board: (a) no club or nominee of a club; and (b) no person, whether absolutely or as a trustee, either alone or in conjunction with one or more associates or solely through an associate or associates (even where such person has no formal interest), who: (i) is a member of a club; or (ii) is involved in any capacity whatsoever in the management or administration of a club, or (iii) has any power whatsoever to influence the management or administration or a club, may at the same time either directly or indirectly:- (a) be a member of another club; or (b) be involved in any capacity whatsoever in the management or administration of another club; or (c) have any power whatsoever to influence the management or administration of another club.

    – Mr Ashley was found in breach and a fine of £7500 was imposed.

    Disciplinary Rule 77: A recognised football body, club, official, Team Official, other member of Team Staff, player, match official or other person under the jurisdiction of the Scottish FA shall, at all times, act in the best interests of Association Football.

    – The alleged breach was not proved.


  • Closed Accounts Posts: 14,311 ✭✭✭✭weldoninhio


    Jelle1880 wrote: »
    Not necessarily a checkmate move, it means he can put 2 more people on the board but by Friday the 2 he has now will most likely be gone as well.

    Also, it remains to be seen if this can happen since there is still the SFA investigation into Ashley.

    edit:

    I read it more that Sports Direct would do due diligence, holding the club to ransom. Wages for March will have to be processed soon, does Dodgy Dave and the 3 Bears have access to ready cash to pay this months wages?? If SD decide not to loan the money will wages go unpaid? And what would be the consequences of this, if they did??


  • Registered Users, Registered Users 2 Posts: 9,713 ✭✭✭TheCitizen


    Jelle1880 wrote: »

    edit: Do you guys genuinely believe that anyone else but Whyte and later Green would have gotten their hands on the club ? No matter how many people may have stepped up trying to buy it, there was only ever going to be one outcome.

    Are you implying that Murray did a deal with Whyte, and then he did a deal with Green in turn?


  • Registered Users, Registered Users 2 Posts: 17,977 ✭✭✭✭A Dub in Glasgo


    Jelle1880 wrote: »
    edit: Do you guys genuinely believe that anyone else but Whyte and later Green would have gotten their hands on the club ? No matter how many people may have stepped up trying to buy it, there was only ever going to be one outcome.

    Only just seen this; why did the 'Rangers' men not save Rangers before Murray sold the club to Whyte for £1 by repaying their loans to the club?


  • Registered Users, Registered Users 2 Posts: 20,553 ✭✭✭✭Dempsey


    How much did Ashley get fined? How much is Ashley worth again??

    Toothless, spineless shower


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    Dempsey wrote: »
    How much did Ashley get fined? How much is Ashley worth again??

    Toothless, spineless shower

    It's not the fine but the fact he's found guilty that matters.

    Curious to see what he does next (apart from strengthening his position by that second part of the loan).


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    TheCitizen wrote: »
    Are you implying that Murray did a deal with Whyte, and then he did a deal with Green in turn?

    Considering that it's becoming more clear that many of the people involved in this mess have been at least talking since as far back as 2012 (Charles Green and Mike Ashley were spotted at a diner in that year I believe, talking away like good friends), it would not surprise me.

    That doesn't necessarily mean Murray was fully aware, but he couldn't wait to offload the club to someone who others warned him about, and for a pathetic amount as well.

    There's a reason several people have been arrested.


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  • Closed Accounts Posts: 14,311 ✭✭✭✭weldoninhio


    Jelle1880 wrote: »
    It's not the fine but the fact he's found guilty that matters.

    Curious to see what he does next (apart from strengthening his position by that second part of the loan).

    He paid the fine, so he is no longer guilty using the Dave King theory.


  • Registered Users, Registered Users 2 Posts: 9,839 ✭✭✭Jelle1880


    Landslide victory indeed.

    2qco29d.png


  • Registered Users, Registered Users 2 Posts: 1,501 ✭✭✭Madam


    Foregone conclusion indeed!


  • Registered Users, Registered Users 2 Posts: 17,977 ✭✭✭✭A Dub in Glasgo


    Did I hear correctly that King wants to delist from the stock exchange? All those shareholders like turkeys voting for Christmas!

    Might suit King to have the club private so no scrutiny of the money side


  • Registered Users, Registered Users 2 Posts: 6,704 ✭✭✭Broxi_Bear_Eire


    Did I hear correctly that King wants to delist from the stock exchange? All those shareholders like turkeys voting for Christmas!

    Might suit King to have the club private so no scrutiny of the money side

    He said he would prefer a private company but at no time did he say that was the wY it was going. I for one believe the fans would fight this. After what we have been through he wouldn't find it easy


  • Registered Users, Registered Users 2 Posts: 3,500 ✭✭✭howiya


    He said he would prefer a private company but at no time did he say that was the wY it was going. I for one believe the fans would fight this. After what we have been through he wouldn't find it easy

    A spokesperson (Ricki Neill) for Rangers First said on Sky Sports news today that King has suggested it and they'd support it.

    It's not necessarily just a formality for the shares to resume trading so a private company could be a reality in 30 days time.


  • Registered Users, Registered Users 2 Posts: 3,500 ✭✭✭howiya


    Did I hear correctly that King wants to delist from the stock exchange? All those shareholders like turkeys voting for Christmas!

    It's not necessarily a bad thing. While it removes the market to trade shares the shareholders will still be shareholders.

    Presumably also they voted the way they did because they believe the new board will increase the value of their shares.

    Once they increase the value of the shares they can sell them privately to the supporters groups who appear to be queuing up to buy them.

    A stock market isn't the best place for a football club in my opinion.


  • Registered Users, Registered Users 2 Posts: 6,704 ✭✭✭Broxi_Bear_Eire


    howiya wrote: »
    A spokesperson (Ricki Neill) for Rangers First said on Sky Sports news today that King has suggested it and they'd support it.

    It's not necessarily just a formality for the shares to resume trading so a private company could be a reality in 30 days time.

    Ricks can only speak for himself every member of Rangers first had a vote I don't think it would be a popular decision


  • Closed Accounts Posts: 5,001 ✭✭✭recylingbin


    Can someone gife me the cliff notes version of how it all came to this?
    There was something about tax, Rangers folded and set up again, they were relegated, and ever since it's been financial woe and boardroom strife is about the extent of my knowledge.


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  • Registered Users, Registered Users 2 Posts: 17,977 ✭✭✭✭A Dub in Glasgo


    Can someone gife me the cliff notes version of how it all came to this?
    There was something about tax, Rangers folded and set up again, they were relegated, and ever since it's been financial woe and boardroom strife is about the extent of my knowledge.

    Loads of years before 2011, Rangers were spending money they did not have

    2011 Rangers were insolvent so the owner (D Murray) sold up for £1 to Whyte whilst all the Rangers men stood idly by

    Whyte used money from Ticketus to pay off the bank loan and with held employee tax & NI to use as day to day money whilst all the Rangers men stood idly by

    2012 Rangers went into administration and then were liquidated leaving loads of ordinary working folk and taxpayers out of pocket. As they were liquidated, they were removed from the football league structures. They were not relegated. This happened whilst all the Rangers men stood idly by

    The assets were sold to Sevco under Green who created another club and the SFA allowed them entry into the league system at the lowest level (just like any new club). They have moved from crisis to crisis as charlatans and conmen milked the support since. They must have spent a fortune winning the lower league titles in Scotland. This happened whilst all the Rangers men stood idly by

    Ashley bought shares and provided day to day capital as loans secured against various assets (through Sports Direct)

    King, who was part of the board of the insolvent Rangers, has just secured power of the boardroom at Rangers although there are question marks about his suitability as he is a convicted felon in SA for tax evasion (seems to be a theme here for Rangers). King said last year that he is willing to pump £20-£30m into Rangers, now appears to not have that kind of money and mentions £10m. In the meantime, SD are owed at least £5m with another £5m loan going through the process of being drawn down. There is a risk that employees & bills will not be able to be paid without funds from someone

    It is a soap opera that continues to provide story lines


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