Bluedell

They haven't explained their reasoning as to why it is better with King than Rangers. they've explained why they want to buy King's shares but they have not addressed the point of why it is better to go to King. You keep repeating this myth that there is no option to give it to Rangers. Why not? If there's money on offer from C1872 have the club ever refused it? C1872 know the club needs money. Why aren't they offering it to the club? It's up to them to make the offer. The club don't know what C1872 want to do with their cash.

King and C1872 had already done that. There's nothing new in the article and there's an element of clickbait about it, so copying it means that he has partly achieved what he set out to do.

I agree with much of what Jackson says in the article, but wholly support the continued ban. We can't pick and choose when they are trying to damage us most of the time.

It was a homophobic term, and not racism.

0-2 to Gers. Roofe

The full version of the Green Brigade statement Definitely worth a listen.

I can understand the pre-emption rights issue from both sides. It's obviously much more expensive to open it up, but I remember having similar objections pre-2012 when my pre-emption rights were denied in oldco.

You mean like the decision of how best to invest £13m?

I see what you're saying. I'd make a couple of comments: You could say to C1872 that you have cash to invest but only in the club, and if enough people do it the they should look into that option as well You could also look to buy £500 worth in the open market...potentially getting more shares, plus you own them and can attend AGMS etc. It's 2,777 shares that are then controlled by someone with Rangers best interests at heart.

That's an issue with the rules and not VAR itself.

I don't have a problem with it as such. However the way the rules have changed are the main issue. A player being offside but the linesman not signalling unless it's a goal. The new interpretation of the handball rule. The inconsistency of handballs where any sort of touch of hand rules out a goal. If VAR helps improve identifying whether a player is offside or not then I'm all for it.

Fair enough. However I'd disagree slightly and say that the 3 people on the board (plus the shadow director?) have chosen their option, which isn't the same as the whole organisation choosing it, which obviously they haven't been given that chance...although I guess it could be argued that those taking up the offer are agreeing to it as well.

My view is that they won't open it up. If you or I wish to own shares we would need to purchase them on the open market. I don't think it's about the "right people" per se. We obviously want to avoid another Ashley but the costs of having a public issue, producing a prospectus etc are hundreds of thousands of pounds.

Not sure how you can say that. If C1872 has serious cash to invest, I really doubt that the club would refuse it. It's up to C1872 to let the club know. The club is obviously open to new investors, given the 2 or 3 that appeared in the last 18 months, and current investors increasing their stakes C1872 don't appear to be in a position to invest in the club anyway so what's the point of the club asking them to invest. They're having to raise cash for King's shares. It seems crazy to make a decision of where you want to invest your cash in 3 years time when we don't know the state of the club at that point.

I don't think that the share price changes much under your scenario. Directors loans get repaid, the funding is used to pay the costs of the club and to buy replacement players. There won't be that much change in the balance sheet unless we get a consistent run in the CL. The price in itself isn't a major issue per se, but rather an indication as to C1872's lack of playing hard ball. In respect of your both sides of the coin, it's quite simple, as far as I see. Pros C1872 increases its shareholding towards or over the 25% Dave King is recompensed for putting the cash in Cons The cash isn't going to the club The holding could and probably will be diluted The intentions of C1872 are fairly irrelevant as they're not going to influence much due to their increased holding, although as a member, the corporate governance leaves a lot to be desired. There are a lot of related side issues but generally it comes down to whether or not people are relaxed about the cash not going to the club when it desperately needs it.

I don't believe he is offering it at a discount. The last 2 share trades were at 18p. The recent share issues are at 20p. Given the lack of a market for his shares, I'd have expected C1872 to try and negotiate some sort of discount.

the cost

That costs a hell of a lot of money and may end up swallowing most of the third party take up in costs. They're doing it the cost effective way. It doesn't mean that they wouldn't be amenable to a large investment from C1872.

I should also say that there's a big difference between guaranteeing the funds for the purpose of the going concern note in the accounts and actually paying it over. It's possible that Park and Bennett have no intention of putting in the £14m for next season and it will be funded completely through the sale of players. and it would only be in the worst case scenario that we were unable to sell players where they would need to use the proposed funding.

We don't know what's been asked, but I presume that the board have a fair idea of C1872's cash reserves, and ultimately it should be C1872 who offer. It's them who decide what the cash can be used for. If C1872 have offered to put an investment into the club and ben refused then the members should be made aware.

1. He wasn't willing to invest further cash? 2. I doubt that there's anyone other than C1872 looking to buy his shares. I can't see the other shareholders willing to fork out for them. It therefore suggests that he's a forced seller and C1872 should have looked to negotiate the price down. 3. I'll pass on that one.

I'm not sure why people think that a investment directly into the club isn't an option. The club needs cash and I can't see why the directors wouldn't accept a reasonably sized investment. Yes, the club needs funds to remain operational. They need £8m for this season and £14.4m for next season.

So you're sustainability question is looking at it from a C1872 viewpoint? I'm only looking at it from the club's perspective. I believe that if the cash is invested in the club then it will make it easier for the club to continue without running into significant financial difficulties. The cash from the existing shareholders will dry up at some point and players will have to be sold...potentially costing us the league or European progression, which has its own financial implications. Getting an extra £13m will allow us to go that bit longer without taking drastic steps.

The club will run out of money sooner or later if the club gets £13m from the fans? I'm obviously missing the point you're trying to make. Do you mind explaining it?

It would be around 21%. If they buy the shares from King then it's 25% but the club still needs the £14m and if that comes from Park/Bennett and they convert it into shares than C1872's % falls from the 25% back to 21%. C1872 end up with the same % in the second scenario but none of their cash has gone to the club.