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

bobbysands81 wrote: »

Ninjaman

Here we are, the 3rd of April. The day after Rangers International Football Club lost its right to trade its shares on the London Stock Exchange.

Predicted by yours truly and just about every other member of the RSL.

Weve had Merlin, From The Blue Room and countless others tell anyone who would listen that this was inevitable.

To start with lets get straight to our Interim Chairmans statement released yesyerday. He tells us its the lack of corporate governance by the previous board thats the reason for their failure to stop the delisting of the club.

That is utter garbage. Bull****. You can dissect and dismantle that argument instantly. The previous board had a nomad. That nomad said they would resign if this lot of requisitioners won the right to run the club. Which they duly did.

Four weeks ago Dave King told us he had a nomad in waiting a matter of days he said. There was no issue and suspension from the AIM would be rectified . We would have no problems we were told.

A fortnight ago Dave King went back to South Africa and to my knowledge hasnt returned since. In case it has escaped the new regimes attention, the support is in meltdown today!

Thousands upon thousands of us have had the value of the shares we bought to help our club in its hours of need obliterated. Shares that were bought for seventy pence now trading at three pence. Cheers for that.

But its ok, its all the previous directors fault we are told. The directors that were working for Mike Ashley. How many of Mike Ashleys companies have been delisted?

You honestly couldnt make this **** up. This new board, full of Rangers Me , blame the previous board for their inability to stay on the stock exchange. And we are supposed to believe that, are we?

Ill suggest something here that Paul Murray hinted at it in his rant. He whispered something about Rangers being the most complained about PLC on the entire market over the last year!

Now heres a thing to chew on folks

I knew this. People that work in the City knew this. Merlin told me this himself months ago. He stated to me that the biggest single danger the club faced over the last year was the prospect of being delisted.

That was down solely to the incredible number of complaints to the AIM and FCA. You want to know where those complaints were coming from? Aye, you guessed it, from the people that were backing King Co. Trying to cause as much hindrance as possible to the board.

It worked really well didnt it? The new regime has caused the AIM so much grief that it thinks we are toxic. That is not down to the previous board that is solely down to this board and its backers actions when trying to gain control of the club.

If this had happened under Charles Green or Sandy Easdale there would be red cards waving, Spivs Out banners and demonstrations at the front doors of Ibrox. The double standards and hypocrisy here are quite spellbinding.

Dave King, the man a South African judge called a glib and shameless liar and a mendacious witness has told a big porky. He told the entire nation he had a nomad. What a load of cock! We know on here that he tried approximately ten nomads, kept getting told the same answer so then it became Dougie Parks turn to attempt in this impossible quest to find this miraculous nomad.

My guess is that they probably got one, after they stopped using Dave Kings name during the process. Still not enough though, for as long as King is associated with Rangers the market wont touch u ! The AIM was telling any nomad willing to do the job not to touch us with a barge pole cos they wouldnt be!

For these people to blame others for their mistakes and failings beggars belie . Its not working, either. Apart from those incredibly devout Kingites, nobody believes a single word of the pap they churned out yesterday .

We are now delisted. We have been in danger of alienating an entire religion because of a buffoons tweet.. No sign of Kings thirty million (stop laughing at the back !) and a board that are at each others throats in regard to investment. Im sure its the old boards fault though

Now heres the thing I cant get my head round. Dave says hes got thirty million, then that went down to ten, with other investors weighing in the rest. Sounds odd right away when you consider the total spend required to sort out out the wreckage that is Rangers.

Its not enough, not even close. So why did King say thirty million then backtrack to ten million the instant he got control?

Well he did say his preferred option was to delist from the AIM. Will that make it less costly for him? Youd think if he can now buy the shares of the Institutional Investors for buttons then, yes, obviously.

Will they sell to him? My instinct tells me n . Would they be more likely to sell to Sandy Easdale or even Mike Ashley if he was in a position to? I would think so. I know the Institutional Investors dont like or respect this lot one bit so doing a deal with them will stick in their throats Id imagine.

So what is Dave Kings endgame here? To gain complete control he has to delist in order to chase away the big gun investors already there. That might prove harder then he first figured. It was highly noticeable that almost immediately Sandy Easdale has hinted at possible legal action in regards to the delisting of the company.

Will others follow suit? Will Mike Ashley do likewise? There are some seriously heavy hitters that are going to be majorly peed off at this turn of events, obviously.

Could that be why so many of them abstained at the general meeting I wonder?. Was the abstinence a decision to not recognise the faux legal process?. Did they know what the Real Rangers Men were trying to do?

Its now common knowledge that the Financial Conduct Authority have been and are actively investigation the goings on at Rangers. Did the major shareholders know there was something likely to happen in the near future? Time will tell I suppose.

What isnt really common knowledge though is this: Dave King is in line to receive a small fortune from BDO, the liquidators of the old company that used to own Rangers.

Ticketus have been told by the Court to pursue Craig Whyte, not Rangers or the liquidators. HMRC will get their money theyre due also.

Dave King is a primary creditor; his claim is for the infamous twenty million he was supposed to have given Rangers years ago. So in effect Dave King is the top creditor in regard to oldco and trying to get into position to be top dawg in the club right now.

I wonder what Douglas Park makes of that. Id also be intrigued to know if Mike Ashley is aware of this little titbit.

Ashley has security on the Albion car park, Edmiston Club and Auchinhowie training complex.

Dave King (if he wanted to merge or amalgamate oldco and newco) needs those assets.

What is the endgame for Park and King? They need to find a way to rid the club of Ashley for them to get in a position to run things their way without opposition. Not easy and if Ashley doesnt want to play ball, he wont..

This is an asset grab by the looks of it. Stage one completed yesterday with the delisting. I got information that proves there have been lies told recently. Big whoppers at that but cant get too detailed right now.

Rangers fans need to wake up to whats going on here. If things dont improve very quickly we might not have a football team to support for much longer.

And there are a growing number of people who believe that might actually be the sinister end game here

.

we might not have a football team to support for much longer .

Broxi_Bear_Eire wrote: »

Haha ninjaman it has McMurdo written all over it bending over and taking it from Jack Irvine anyone who believes this nonsense should see a doctor

weldoninhio wrote: »

Big Mike is back. Watch this space. News coming by end of next week.

weldoninhio wrote: »

Neither of them have significant shares in RIFC though. Ashley didn't become a billionaire by letting swindlers walk all over him.

Jelle1880 wrote: »

edit: Red for McCulloch, leading with his elbow again... Idiot.

Broxi_Bear_Eire wrote: »

Dave King Statement after The Court of Session Decision today

"I am delighted that at a Court of Session hearing this morning before Lord Woolman my application to become a Director of Rangers International Football Club PLC was granted. Today's decision has removed the final legal hurdle for me to take up my role on the Board following the overwhelming mandate at the General Meeting.

"The previous Board had raised a little known legal provision stating that because I was a Director of Rangers Oldco within 12 months of its liquidation that I must obtain Court sanction before becoming a Director of RIFC because the word “Rangers” is in both company names.

"A Court would not grant leave to an applicant unless it is satisfied that the circumstances warrant such approval. Any affected party, eg the liquidator or an aggrieved creditor of the previous company, has the right to be heard at such a hearing.

"The liquidation of Rangers Oldco and the formation of Rangers Newco were not conducted clandestinely but in the full glare of publicity. However, being aware of the provision I sought leave of the Court to accept my Board appointment.

"Hopefully, this endorsement will also provide the SFA with additional comfort to complete its consideration of my fit and proper status. All Rangers supporters have suffered from the failure of full and proper corporate governance over the last 4 years. I am anxious to play my part in ensuring that this is comprehensively remedied for present and future generations of Rangers supporters.

"I have fully co-operated with the SFA over the last few weeks and thank them for the care and attention with which they have undertaken this task. I must be the most scrutinised candidate in Scottish football history but accept this as being preferable to the lack of scrutiny that has been the case in Rangers recent past - and possibly other clubs. I hope that matters can be swiftly concluded now that, with the permission of the Court, I can take up my role as a Director of RIFC.

"I also take this opportunity to confirm to all Rangers supporters and shareholders that, despite the ill-informed commentary on the subject, the loss of the AIM listing was all to do with the prior Rangers Board and nothing to do with the current Board. It is clear to me that the AIM regulator simply lost patience with the embarrassment that the company has been to AIM since it was listed.

"The Board is currently exploring options that I believe will be a better solution, both short and long term, for the trading of the company’s shares and that will provide a more conducive environment for the rebuilding of the club - both on and off the field.

"Finally, although standing back from the Board to respect the processes of the authorities this has allowed me time to review some of the commercial transactions and arrangements that have been concluded by the club over the last few years. This is a process that will continue to be undertaken in a structured and professional manner and in the appropriate forum. Previous Boards, unfortunately, leaked and debated board and shareholder issues in the media to the point that Boardroom issues often took up more media space than the football team - hence contributing to the AIM rejection.

"That was a function of poor governance and lack of leadership at Board level and is something I promised to rectify when speaking in the run up to the General Meeting. Fans and shareholders can continue to be comforted that, despite the lack of comment in the public arena, those individuals who are deemed responsible for failure to protect the company’s interests will be held accountable. However, announcements in that regard will be made only after due process has been concluded."

Broxi_Bear_Eire wrote: »

Don't let it worry you Bobby. You obviously missed the bit where a Judge found him fit & proper but that doesn't count does it

weldoninhio wrote: »

Try section 10.3 (H) from the SFA handbook.

Jelle1880 wrote: »

Didn't seem to stop the SFA from allowing Sandy Easdale to become a director.

I'm still surprised at this apparently show of concern for Rangers. Surely if King is a crook you'd be welcoming him, hoping he finishes what Whyte and Green started ?

As for McCulloch: I'm not defending him at all, no idea what makes you think that.