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Bluedell

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Everything posted by Bluedell

  1. Arnold Black doesbn't give much of an opinion other than to state "it contradicts the explanations that costs are being reduced and brought under control" so I'm not sure why it brings your concern levels down. It's probably best that we don't hear from either. If they want to do something they should do it and stop talking about it.
  2. You have to ask why he has been so critical if the accounts are "not that bad". The oldco football debts, acquisition and IPO costs are not included in the £14m operating loss so aren't tat relevant in the overall scheme of things. The legal fees were largely avoidable if the directors and ex-directors had done things differently so what's to say that they will not continue to act in ways that are going to cost us money. As for the Green pay-off, why did we have to do that? Again questions have to be asked of the directors as to why that cost was incurred. When did we last play Real Madrid? People keep saying that but failing to justify it. Where is the funding obviously required coming from? Then again, we were told that under Whyte as well. It will be too late by then. The time for acting is now. How naive is he, if he thinks the fact that auditors look at accounts prevent cash from disappearing. Look at all the cash that has gone over the last 9 months.
  3. The potential future cashflow shortfall is obviously the biggest issue, but there are plenty of other points to sort out as well. There have been suggestions that this £3m+ had been a massive overspend by the directors or had mysteriously disappeared. Boss's theory is important as it potentially answers a query on expenditure that represents 15% of turnover.
  4. So what you are saying is that it is: CR Share capital/share premium £3m DR Share premium £3m ?
  5. I wonder if the club will make a statement about this threat against one of its employees? Or perhaps the fact that a Rangers fan wasn't involved will prevent them?
  6. The remuneration committee is comprised entirely of independent non-executive Directors. It is chaired by Phillip Cartmell and the other members are Walter Smith and Ian Hart." "The remuneration committee is responsible for...determining the specific remuneration packages of each executive Director." No mention of Malcolm Murray being involved in any way in deciding the directors' high wages. More lies?
  7. We aren't going into adminstration? That's a big assumption. The fact that it's a clean audit report doesn't mean a huge amount. Taking it to extremes the auditors may have seen a business plan whereby we sell the stadium for £10m on a sale and leaseback and that will keep us going for another 12 months but after that we run out of money and don't have ownership of the stadium. As for cash being stolen, the fact that directors can award themselves huge bonuses or earn effective interest on loans of 94% may not technically be theft but there's northing to be positive about it.
  8. If it's not that hard then why don't the people that call for us not to sing non-Rangers songs be a little more precise in what they are asking for?
  9. The reference to Penny Arcade was in response to a comment that we should not be singing any non-Rangers songs. It seems that those who come out with this don't really mean it and it's just non-Rangers songs that they don't like. As for you quoting the Bill, those that are talking about offence aren't referring to it. They would be making the same argument been if the Bill had not been passed. I think that they have a reasoned argument (albeit I disagree with it) but it would cheapen it if they referred to some crazy Bill put forward for purely political purposes.
  10. That just comes across as personal dislike and supposition rather than him actually banning people as you were implying earlier. Also I don't see that not wanting TBB or TFS sung at Ibrox because of potential sanctions on the club as restriction of freedom of speech.
  11. So what you are saying is that he is a mod on other forums and bans people who disagree with him?
  12. When has he done that? What songs? I'm not on RM or twitter very much so not sure what you are referring to.
  13. So we shouldn't sing Penny Arcade? Who defines what is offensive? Celtic fans? Are there any of our songs that they don't find offensive?
  14. How pathetic of the directors to behave this way. They are losing more and more credibility all the time.
  15. I don't really think it matters too much but my impression would be around 30% It was quiet around me so I could get the impression of the level of noise from other stands. Given the nature of what it was about, I think that level of response was excellent.
  16. The good - got a very good response with an incredible number of banners around the place The not-so-good - turned up at 2.30 and couldn't see any leaflets anywhere. Eventually found one lying on the ground. The important - needs to be a next stage. Perhaps it's after the AGM but there needs to be an answer of some sort. Spivs out and sack the board is OK up to a point but who are they to be replaced with? Needs to be some answers. However kudos to everyone involved today. Obviously a lot of work went into it
  17. What is sad is that this is far more likely
  18. Would not affect anyone going to the game and hopefully it will be clear by the end of the game.
  19. Because they are making many of the decisions about the club nowadays.
  20. Yeah, heard from other sources that the book is a poor one, which is a shame as it had a lot of potential.
  21. Yes, but by the time they announced it, it would be too late to do anything about it. Yes, they could do a share issue, but who is going to invest in a company that spunked away the cash from its last share issue? I don't see it as being that feasible. Selling the stadium may or may not have an impact on the share price but perhaps the directors wouldn't care too much anyway if they end up benefiting from the deal in other ways.
  22. A critical look at the SoS's 3 main objectives: 1. Agreed. No argument. A straightforward point. 2. I don't know what this point means. What are "clear accounts"? Unqualified by the auditors? That doesn't necessarily help us. Look what happened under SDM. Many will have different definitions of what the proper running of the club is. Is is not making a loss every year? Not going more than £10m into debt? 3. A board beyond approach? There are some on our board at the moment who I can't make any personal criticisms of other than they have been part of a Board that has allowed £20m+ flow out the club in under 9 months. Not impressive but I'd find it difficult to argue that they are not beyond approach. I think SoS need to revisit and tighten up their objectives.
  23. Agreed that there's no proof but I've yet to see a more plausible idea of how this Board will come up with the additional finance that is apparently needed. There doesn't need to be proof in respect of the stadium anyway. It should be an idea that is automatically ruled out by all Boards of this club.
  24. There are a number of people on this forum who are also members of the VB forum. They don't all have the same opinion and they don't all agree with the actions of other members of the forum, pretty much like other Gers forums.
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