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BEARGER

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Everything posted by BEARGER

  1. BEARGER
    Who gives the lowest dealing charges. Decide to do my wee bit and up my share holding. Halifax £12:50 per trade.
  2. BEARGER
    From Scotsman website RANGERS fans say they are ready to go to court to stop Mike Ashley getting security over Ibrox and Murray Park. The Newcastle United owner has filed documents notifying land register bosses that he plans to add Sports Direct to the title deeds of both the club’s stadium and training ground. The move suggests the billionaire tycoon is about to step in to offer the cash-strapped outfit an emergency loan. If that proves to be the case, it would be a major set-back to the Three Bears - wealthy fans Douglas Park, George Taylor and George Letham - and oldco director Dave King as they try to fight their way onto the Light Blues’ board. But the Rangers Supporters Trust (RST) have reacted with fury to the news - revealing they have already called in lawyers in a bid to shoot down Ashley’s plans. In a statement, the fans group said: “The RST is taking urgent legal advice regarding this attempt by the board of Rangers Football Club to pass the most prized assets of the club to Mike Ashley. “We believe the board may be acting illegally on two fronts and we will be working with any other shareholder who wishes to challenge this. If necessary we will instigate legal action against the directors both collectively and individually. “We have also contacted several MPs and will be seeking political and government support to stop this attempted asset grab.” The Rangers board has already admitted the club could go under again if it does not find fresh cash by the end of the month. The papers lodged with the Registers of Scotland by Ashley - officially known as an advance notice - protect the title deeds and mean anyone else looking to issue the board a loan would not be able to take Ibrox or Murray Park as security. The document is valid for 35 days, meaning Ashley has until February 17 to strike a rescue deal. The move also suggests Ashley is not yet ready to give up his grip on power. While the board this week rejected US financier Robert Sarver’s £20million takeover bid, Ashley still faces competition from King and the Three Bears. They bought up two chunks of shares which combined equate to around 34 per cent of the club and are determined to push for boardroom change. But Ashley now looks to be in the box seat. He owns 8.92 per cent of the Light Blues but strengthened his position after handing over a £3million emergency loan late last year. He has already placed right-hand men Derek Llambias and Barry Leach onto the board as chief executive and financial director and continues to run the club’s retail division at rates highly beneficial to him. But having already been charged with breaching “dual ownership” rules by the Scottish Football Association, his latest Ibrox involvement could yet spark further investigations by Hampden chiefs. The Rangers board is on record saying it would not grant security on Ibrox to anyone. In a statement issued on May 6 last year, the directors announced they had “no intention of granting security over Ibrox to anybody” - adding “our stadium is sacrosanct.” But it replied to Thursday’s reports by announcing to the Stock Exchange: “The company notes the recent speculation in the press. The directors confirm that they are currently considering various proposals to secure the financial future of the club, however no decision has been made at this time.” The Ibrox faithful, however, insist they will fight any move to give away control of Ibrox. The Union of Fans umbrella group also released a statement, saying: “The Union of Fans is sickened by today’s news that the board is attempting to mortgage Ibrox and Murray Park to Sports Direct. “Put simply, James and Sandy Easdale and David Somers have lied to fans and shareholders. They have engineered a situation where they are handing the most prized assets of the club to Mike Ashley despite other, better funding offers once again being on the table. “Derek Llambias and Barry Leach have been appointed by Mr Ashley to ensure he grabs the remaining assets of the club. Mr Ashley and his board stooges have shown a blatant disregard for the club and the fans.” Meanwhile, fan ownership group Rangers First added: “We are extremely concerned about the fact that one party has been granted advance notice of security over assets including our stadium and Auchenhowie at a time when the Company which owns our Club has assured shareholders it is currently considering various proposals. “This is not consistent with the advance notice of security which can only be issued in relation to a registrable deed which the person intends to grant. “Rangers First will be speaking to its members and other shareholders with a view to establishing how best to react. Meantime, we call on the Board to urgently clarify the position and to confirm its undertaking not to grant security over Ibrox Stadium.”
  3. BEARGER
    What CG actually said was that if you wish to go in to support the team ensure you tell the board what you think of them.
  4. BEARGER
    Club are tweeting that there are still tickets available for ST holders.
  5. BEARGER
    £36M bid from Sarver? It is the Sunday Post right enough.
  6. BEARGER
    Thank goodness that's over. Being banned from everywhere else I was having withdrawal symptoms.
  7. BEARGER
    An empty stadium on Friday night will help. Its important to keep up,the pressure in every way we can.
  8. BEARGER
    I know all about WB his primary motivation as a young man was to make money, nothing wrong with that. He has pledged to give most of his wealth away through the Bill & Melinda Gates Foundation that is true. I don't see how using WB as guide gives us any insight into Sarver.
  9. BEARGER
    Aye and you would think that a "historian" would heed the lessons of history.
  10. BEARGER
    Based on my lifetime experience, every millionaire I've met was the same. Granted some millionaires help out a sporting institution e.g. Elton John, Jack Warner, Dave Whelan but they were local and supporters of their clubs. What's in it for him? It makes no sense that he is being philanthropic plenty he could do in the US.
  11. BEARGER
    What's in it for Sarver? It's certainly not that he wants the prestige of owning a major Scottish institution, guys like him are after two things money & power but especialy money. This guy has no connection with Scotland, no connection with Rangers and no connection with football at all as far as I can see. I smell shite, keep well clear. As another poster has said if after a 3B & King takeover he wants to give us some of his spare cash well and good, I'll not hold my breath.
  12. BEARGER
    I believe they have criteria, wait till they have sufficient funds but also buy a right time. With a share issue possibly in the offing they may well wait to see what's what.
  13. BEARGER
    Depends what you paid for them. IPO = 7143, 26p/share = 19230 etc. etc.
  14. BEARGER
    You have 10 days to confirm if you have 1% of shares, take over rules 8.3.
  15. BEARGER
    I agree with the petition and the boycott and also agree with you that those who have refused to renew ST's are the ones who have given us some hope now. We should apply as much pressure to the board in any way we can, be that petitions, boycotts, verbal abuse etc. etc. And there's hehaw wrong with a hissy fit now and again
  16. BEARGER
    Three years into this debacle and we still have some who say, what is the point?, what difference will it make?, the board wont listen etc etc. Aye lets all sit back and leave it to the board, don't join RST,RF we are only fans after all. Leave it to others to fight it out, lets not take sides, its only a football club after all.
  17. BEARGER
    We must put as much pressure onto the board as we can, including telling them not a penny more. We are at the end game here, let's make sure it goes our way.
  18. BEARGER
    Latest from Telegraph. By Roddy Forysth12:54PM GMT 06 Jan 2015 The first significant move in the battle to save Rangers – and for control of the boardroom – was made by the Ibrox board when they rejected a takeover bid from Robert Sarver, owner of the Phoenix Suns basketball club on Tuesday morning. The American’s £18 million offer proposed a fresh share issue in which he would have taken up 100 per cent of the equity but did not meet the board’s valuation of the club, according to Rangers’ statement to the Stock Exchange. However, the board indicated willingness to consider proposals from the investors’ alliance comprised of the Three Bears consortium – wealthy Rangers supporters Douglas Park, George Letham and George Taylor – along with former Ibrox director, Dave King. The Telegraph revealed on Monday that negotiations had begun and the statement confirmed as much, when it said: “The directors are in discussions with Rangers' significant stakeholders with a view to arranging finance for the club. This is likely to comprise loans in the short term and possibly equity in the medium term. “The board has invited Mr Sarver to consider participating in a similar discussion alongside other supportive shareholders.” That said, Mike Ashley has signalled that he will not be jostled aside in the process. Along with his ally at Ibrox – Sandy Easdale, Rangers’ football chairman – he controls around 35 per cent of the club’s shares, although the Three Bears/King axis believe that their side can count on more than 50%. Related Articles Ibrox - Rangers power struggle takes new twist after Mike Ashley loses key ally in his quest for Ibrox boardroom coup Rangers board in crisis talks 05 Jan 2015 Rangers board to lose power unless Ashley steps in 04 Jan 2015 Rangers supporters’ group urges fans to displace Ashley 03 Jan 2015 Ashley's plan to own Rangers hits buffers 02 Jan 2015 The Newcastle United owner, whose Sports Direct retail chain has the rights to Rangers’ merchandise, appointed his long-standing associate, Barry Leach, as the club’s finance director on Monday, in pointed defiance of the disciplinary charge brought by the Scottish Football Association, which alleges that Ashley has exceeded an undertaking to limit his influence at Ibrox. Leach’s appointment is the second by Ashley since the SFA laid its complaint against him. Two days after he received it, Ashley installed Derek Llambias, the former Newcastle managing director, as Rangers’ chief executive. The current crisis arose when Rangers came within days of being placed into administration by HMRC on account of an urgent National Insurance bill and had to be bailed out by a £500,000 loan from Easdale, secured on the fee – said to be £1 million, but more likely £850,000 – received from Brentford for the talented 20-year-old midfielder, Lewis Macleod. The emergency funding provided by Easdale confirmed that the £3 million lent by Ashley in October in return for two board nominations – and secured on club assets – had run out. The cash burn occurred despite the cost-slashing regime of Llambias. That alone indicates that the club – which showed an £8 million loss in its most recent accounts is still leaking funds at an unsustainable rate. However, the board’s Stock Exchange statement said: “The company is managing its cash resources carefully and will require further funding before the end of January.” The apocalyptic scenario is that no deal is struck and that Rangers go under before their scheduled meeting with Celtic – the first Old Firm derby in almost three years – in the semi-finals of the Scottish League Cup. However, there is no chance of that happening, even should the bargaining process be long and arduous, because the Old Firm collision at Hampden is currently the biggest single fixture income supplement Rangers can anticipate, worth around £250,000 from their share of gate receipts and broadcast fees, excluding whatever commercial activity the club can put in place around this much-anticipated event. This morning’s statement also left the door open for a further bid from Sarver, providing he is prepared to increase his offer. “Notwithstanding the current financial difficulties, the proposal does not adequately value a controlling interest in the company,” it read. It was Telegraph Sport who revealed that Sarver – who wants to acquire a portfolio of European football clubs – was pointed in the direction of Ibrox by the former Rangers and Scotland full back, David Robertson, who is the coach of Phoenix FC. Sarver confirmed the disclosure in a statement issued this morning when he said: “Initially, I’d had some of my advisors examining potential investments in teams in the English Premier League and in Spain, but Davie encouraged me to take a close look at Rangers. “Like all Rangers fans, he’s really upset about how far the club has fallen in recent years and the more we spoke, the more interested I became. I’m a genuine sports fanatic and owning two major basketball franchises for the past decade has been an enormous privilege. “I've spent the vast majority of my career in public companies and I'm used to working in very highly regulated environments. I understand the crucial importance of business integrity and transparency. “Rangers fans have every right to be wary about someone showing an interest in the club they love, especially given some of the events of recent years. First and foremost I believe what the club needs today is a very quick, major injection of capital to stabilise things and I can give the Rangers supporters a categorical assurance that I have the resources and ability to get this club back to its elite level. “I’m looking forward to building a consensus amongst supporters and prominent Rangers-minded figures who have the long-term success of the club at heart. I’ve had detailed research carried out on Rangers and I’m convinced that we could take it back to the top of the Scottish game on a stable and sustainable basis.” Robertson added his backing to Sarver when the former full-back – who played 245 times for Rangers over six seasons – said: “I’ve known Robert for several years. He has been very supportive of our local club and has a very good reputation in the US. “When he said he was looking to invest in football in Europe, I told him right away that Rangers could really be doing with someone with his track record. I explained how far the club has fallen, but that there was huge potential to rebuild it. “Even though I’m now based over here, I always watch really closely how things are going at Ibrox and it’s tragic to see how a club which was once a force in Europe has been brought so low. “I can tell every Rangers fan in Scotland and abroad, if Robert Sarver is successful in becoming part of the club, he’ll not rest until they are back on top again.” The Telegraph can also shed light on the matter of the unpaid NI bill which was said to have tipped the club into its latest crisis. Some Rangers supporters have been sceptical of the story of a possible default – especially since the SPFL confirmed that its early warning system had not been triggered – and conjecture that the tale was inflated to present Sandy Easdale as a white knight riding to the rescue. However, there are two issues which should not be confused. If Rangers had not paid their players’ NI, the failure would have constituted an immediate default event. The club would have suffered the imposition of a registration embargo which would have prevented the signing of any players during the January transfer window – not that there is any sign of Rangers being either able or willing to reinforce the playing squad right now. However, had Rangers been late with the employers’ contribution, HMRC are entitled – given the club’s record of default under Craig Whyte – to warn that payment would be required within a strictly enforced time limit. At any event, the Telegraph understands that HMRC has no current concerns about the club’s obligations to the tax authority. Finally, in an ironic twist to the ongoing saga at Ibrox which, on the football side, saw Ally McCoist hand in his notice as manager and then be placed on gardening leave, there is the choice of match featured in Tuesday's ‘On This Day’ slot on Rangers’ club website. The game in question is Rangers’ 2-0 victory over Aberdeen at Ibrox on January 6, 1990. In contrast to their current struggle for promotion from the Scottish Championship, that victory saw Rangers stride towards a fourth successive Scottish title, with Aberdeen as runners-up. Highlights of the match show the decisive second goal scored by – Ally McCoist. Aberdeen, though, were weakened by the loss through injury of their regular left back – a certain David Robertson.
  19. BEARGER
    Latest from Telegraph. By Roddy Forysth12:54PM GMT 06 Jan 2015 The first significant move in the battle to save Rangers – and for control of the boardroom – was made by the Ibrox board when they rejected a takeover bid from Robert Sarver, owner of the Phoenix Suns basketball club on Tuesday morning. The American’s £18 million offer proposed a fresh share issue in which he would have taken up 100 per cent of the equity but did not meet the board’s valuation of the club, according to Rangers’ statement to the Stock Exchange. However, the board indicated willingness to consider proposals from the investors’ alliance comprised of the Three Bears consortium – wealthy Rangers supporters Douglas Park, George Letham and George Taylor – along with former Ibrox director, Dave King. The Telegraph revealed on Monday that negotiations had begun and the statement confirmed as much, when it said: “The directors are in discussions with Rangers' significant stakeholders with a view to arranging finance for the club. This is likely to comprise loans in the short term and possibly equity in the medium term. “The board has invited Mr Sarver to consider participating in a similar discussion alongside other supportive shareholders.” That said, Mike Ashley has signalled that he will not be jostled aside in the process. Along with his ally at Ibrox – Sandy Easdale, Rangers’ football chairman – he controls around 35 per cent of the club’s shares, although the Three Bears/King axis believe that their side can count on more than 50%. Related Articles Ibrox - Rangers power struggle takes new twist after Mike Ashley loses key ally in his quest for Ibrox boardroom coup Rangers board in crisis talks 05 Jan 2015 Rangers board to lose power unless Ashley steps in 04 Jan 2015 Rangers supporters’ group urges fans to displace Ashley 03 Jan 2015 Ashley's plan to own Rangers hits buffers 02 Jan 2015 The Newcastle United owner, whose Sports Direct retail chain has the rights to Rangers’ merchandise, appointed his long-standing associate, Barry Leach, as the club’s finance director on Monday, in pointed defiance of the disciplinary charge brought by the Scottish Football Association, which alleges that Ashley has exceeded an undertaking to limit his influence at Ibrox. Leach’s appointment is the second by Ashley since the SFA laid its complaint against him. Two days after he received it, Ashley installed Derek Llambias, the former Newcastle managing director, as Rangers’ chief executive. The current crisis arose when Rangers came within days of being placed into administration by HMRC on account of an urgent National Insurance bill and had to be bailed out by a £500,000 loan from Easdale, secured on the fee – said to be £1 million, but more likely £850,000 – received from Brentford for the talented 20-year-old midfielder, Lewis Macleod. The emergency funding provided by Easdale confirmed that the £3 million lent by Ashley in October in return for two board nominations – and secured on club assets – had run out. The cash burn occurred despite the cost-slashing regime of Llambias. That alone indicates that the club – which showed an £8 million loss in its most recent accounts is still leaking funds at an unsustainable rate. However, the board’s Stock Exchange statement said: “The company is managing its cash resources carefully and will require further funding before the end of January.” The apocalyptic scenario is that no deal is struck and that Rangers go under before their scheduled meeting with Celtic – the first Old Firm derby in almost three years – in the semi-finals of the Scottish League Cup. However, there is no chance of that happening, even should the bargaining process be long and arduous, because the Old Firm collision at Hampden is currently the biggest single fixture income supplement Rangers can anticipate, worth around £250,000 from their share of gate receipts and broadcast fees, excluding whatever commercial activity the club can put in place around this much-anticipated event. This morning’s statement also left the door open for a further bid from Sarver, providing he is prepared to increase his offer. “Notwithstanding the current financial difficulties, the proposal does not adequately value a controlling interest in the company,” it read. It was Telegraph Sport who revealed that Sarver – who wants to acquire a portfolio of European football clubs – was pointed in the direction of Ibrox by the former Rangers and Scotland full back, David Robertson, who is the coach of Phoenix FC. Sarver confirmed the disclosure in a statement issued this morning when he said: “Initially, I’d had some of my advisors examining potential investments in teams in the English Premier League and in Spain, but Davie encouraged me to take a close look at Rangers. “Like all Rangers fans, he’s really upset about how far the club has fallen in recent years and the more we spoke, the more interested I became. I’m a genuine sports fanatic and owning two major basketball franchises for the past decade has been an enormous privilege. “I've spent the vast majority of my career in public companies and I'm used to working in very highly regulated environments. I understand the crucial importance of business integrity and transparency. “Rangers fans have every right to be wary about someone showing an interest in the club they love, especially given some of the events of recent years. First and foremost I believe what the club needs today is a very quick, major injection of capital to stabilise things and I can give the Rangers supporters a categorical assurance that I have the resources and ability to get this club back to its elite level. “I’m looking forward to building a consensus amongst supporters and prominent Rangers-minded figures who have the long-term success of the club at heart. I’ve had detailed research carried out on Rangers and I’m convinced that we could take it back to the top of the Scottish game on a stable and sustainable basis.” Robertson added his backing to Sarver when the former full-back – who played 245 times for Rangers over six seasons – said: “I’ve known Robert for several years. He has been very supportive of our local club and has a very good reputation in the US. “When he said he was looking to invest in football in Europe, I told him right away that Rangers could really be doing with someone with his track record. I explained how far the club has fallen, but that there was huge potential to rebuild it. “Even though I’m now based over here, I always watch really closely how things are going at Ibrox and it’s tragic to see how a club which was once a force in Europe has been brought so low. “I can tell every Rangers fan in Scotland and abroad, if Robert Sarver is successful in becoming part of the club, he’ll not rest until they are back on top again.” The Telegraph can also shed light on the matter of the unpaid NI bill which was said to have tipped the club into its latest crisis. Some Rangers supporters have been sceptical of the story of a possible default – especially since the SPFL confirmed that its early warning system had not been triggered – and conjecture that the tale was inflated to present Sandy Easdale as a white knight riding to the rescue. However, there are two issues which should not be confused. If Rangers had not paid their players’ NI, the failure would have constituted an immediate default event. The club would have suffered the imposition of a registration embargo which would have prevented the signing of any players during the January transfer window – not that there is any sign of Rangers being either able or willing to reinforce the playing squad right now. However, had Rangers been late with the employers’ contribution, HMRC are entitled – given the club’s record of default under Craig Whyte – to warn that payment would be required within a strictly enforced time limit. At any event, the Telegraph understands that HMRC has no current concerns about the club’s obligations to the tax authority. Finally, in an ironic twist to the ongoing saga at Ibrox which, on the football side, saw Ally McCoist hand in his notice as manager and then be placed on gardening leave, there is the choice of match featured in Tuesday's ‘On This Day’ slot on Rangers’ club website. The game in question is Rangers’ 2-0 victory over Aberdeen at Ibrox on January 6, 1990. In contrast to their current struggle for promotion from the Scottish Championship, that victory saw Rangers stride towards a fourth successive Scottish title, with Aberdeen as runners-up. Highlights of the match show the decisive second goal scored by – Ally McCoist. Aberdeen, though, were weakened by the loss through injury of their regular left back – a certain David Robertson.
  20. BEARGER
    Nope, but the last thing we need is fans buying them believing the battle is over.
  21. BEARGER
    Its the obsession that keeps on giving.
  22. BEARGER
    You did read that.
  23. BEARGER
    Well done Sherlock
  24. BEARGER
    Ashley's man is now Financial Director.
  25. BEARGER
    Could be that King & 3B know they are in a very strong position, may be that there is very little negotiations(hopefully).
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