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Darthter

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Everything posted by Darthter

  1. Darthter
    BINGO.....we have a winner!!!
  2. Darthter
    Regardless of the content, there are some who will see only the negative. I feel that the review will be very limited with regard to financial performance, however areas like Youth development & scouting can include plenty of information - they are not areas which effect the stock market, therefore non-sensitive. As stated elsewhere, I believe the board must include KPI milestones - specific tasks with completion deadlines. If they meet these deadlines, it will go a long way to restoring some trust/faith from the fans.
  3. Darthter
    Worthy of Note is that DK's planned investment was based over a number of years (can't recall if he specified how many...). Therefore, being fair, the Board shouldn't need to pull in the £50m in one lump sum. I think the board must show an achievable roadmap of continued substantial investment/revenue which should hopefully tally up with DK overall investment figure. I think the review should include KPI milestones etc. The board should commit to implementing any changes by specific date(s). I believe if they did this, and met the deadlines it would go a long way to restoring some much needed trust from the fans.
  4. Darthter
    I think an awful lot of people are going to be disappointed with the contents of the review - certainly the version that gets published publicly. I think a lot of folk are expecting to see details which simply can't be/shouldn't be available to the general public ie. specific funding sources etc. How many companies (worldwide) publish a highly detailed business plan to the general public??? However, the review must contain a clear, concise & achievable route forward for the club. A reasonably detailed summary of how the IPO money was spent & highlighting areas where spend has been overly excessive/needless etc.
  5. Darthter
    Here's a thought that seems to have slipped folks minds.... What happens if fans with-hold ST monies and as a result, the board all resign - what happens to the company, and who re-appoints a new board??? Most likely this would be down to the major shareholders or the NOMAD. Now, folk are claiming that the current board are nothing but puppets for faceless investors, but any new board is going to be the same. The only way to break the cycle is to remove or change the major shareholders...... Also keep in mind the role of the PLC Board of directors....is it not to run the company on behalf of the shareholders???
  6. Darthter
    We haven't seen eye-to-eye with regards DK investment plans.....but I do agree with the sentiment above. If no viable alternative is available, the fans start to loose their influence/power - it either pay up as normal, or pay game by game & loose your seat.
  7. Darthter
    While I'm not 100% convinced by the ST trust idea, it would at least give the fans a choice. However, the longer things go without any movement/information on it, the less chance that it will have any effect at all. People must be made aware of the full ramifications of the trust and should be given time to decide what they are going to do. I don't think anyone would want fans loosing their seats because they have put their funds into a scheme that wasn't properly conceived.
  8. Darthter
    What words???? I have supplied direct quotes from DK that show he has changed his direction......
  9. Darthter
    If/When DK takes the reigns - that may well be too late to start asking the questions!!! DK has raised his head above the parapet, and making noises about what he wants to do himself & what he wants the board & fans to do - now is the very time to start asking questions of him & his overall intentions (and that goes for ANY potential owner/major investor)
  10. Darthter
    you may be right Frankie....but if this was statements from the Board, folk on here would be all over them, calling the all sorts - especially liars. the crux of the matter is that initially, DK stated that he was going to invest probably £30m from his own pocket over the course of a few years - no indication of being a back-up plan.....that later changed to "I'll only invest if there's no-one else". Maybe it was the wrong choice of words initially, but that is what is now out in the public domain, yet everything is fine coz it's King. Look at it another way: (note this is for example, but may have an element of truth...) The Board stated that there would be enough cash to see out the season. They then took out a loan/credit facility to tide them over. If the club has enough cash (where-ever it comes from) to see out the season, the initial statement is still technically true. However by taking out the load/credit facility, they are being called liars. They may have been better initially saying that there will be enough cash, but we'll need a credit facility/loan to allow for some breathing space, I believe the reaction would have been different. Anything the Board say is taken purely in Black & white.....anyone else its looked at in shades of grey.
  11. Darthter
    From the 24th March: http://www.dailymail.co.uk/sport/football/article-2588429/Dave-King-commit-30m-ensure-Rangers-return-Scottish-Premiership.html Also from 25th March - interview with the Daily record: http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-insist-hell-not-3279689 Compared to Statement from 13th April: http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-fires-fresh-attack-3411242 3 direct quotes from DK, approx 3 weeks apart. How anyone can argue that he has not changed direction, I've no idea. He is not saying that he won't invest, but he has definitely gone from "Yes, I would invest £30m" to "I'd prefer not to invest £30m if it could be found else where"
  12. Darthter
    http://www.gersnetonline.co.uk/vb/showthread.php?63221-New-Dave-King-statement&highlight=king+statement In particular the following: Looks like a sizeable change of direction to me....
  13. Darthter
    He did indeed say £50m was probably required - £30m from his pocket, £20m from other sources. He later stated, after the board said he told them that he wouldn't invest, that he'd prefer the £30m to come from other sources....
  14. Darthter
    It's a nice milestone, but considering the level of opponent, it's hardly a surprise for us. For Liverpool to achieve a similar tally in the EPL is an achievement.
  15. Darthter
    That's what he said initially, then imho, back - peddled and claimed that he'd prefer the £30m to come from other sources, rather than his pocket. I've no doubt about his overall wealth, but it really depends on how much is tied up in property, other ventures etc. Ultimately, 30, 50, 100 million coming into the club is pointless if there is not a sound business plan in place & a sound infrastructure that doesn't haemorrhage money. All that the investment will do is delay the next load of cash input if the infrastructure ain't sorted....
  16. Darthter
    Sound like perfect signings by McCoist's standards..
  17. Darthter
    I want to believe, but not convinced....
  18. Darthter
    The point being, if King owns the club, but has no formal involvement in its running, the SFA can do SFA about it. If Laxey Partners made comment about the quality of refereeing for example, what could the SFA do? A shareholder, majority or otherwise, has nothing to do with the SFA. However, I can't see DK not taking a board position if he becomes owner/majority shareholder....
  19. Darthter
    The SFA rules only come into play if King were to have an active role on the board - Mad Vlad is the perfect example....after all his outbursts @ the SFA, refs etc they were powerless because he didn't have a position within the club, so was out with the SFA jurisdiction.
  20. Darthter
    "I'm strong to the finich, cause I eats me spinach. I'm Popeye the sailor man...."
  21. Darthter
    But we're not burning £1m per month now, and haven't been for the past 6 months+......why would you keep propagating this blatantly wrong piece of information????
  22. Darthter
    Thought the headline a bit misleading..... Law's more saying that he's looking forward to as break, rather than needing one right now.
  23. Darthter
    You previously stated (I'm sure) that there is a waiting list for wheelchair fans....how would you feel if you lost your seat then couldn't get another??? Are there spaces for "pay at the gate" wheelchair fans???
  24. Darthter
    The one thing that the 1st team has been lacking recently is clinical finishing.....looks like the youngsters have is by the bagful....
  25. Darthter
    I would say the most important thing (on paper at least) is that they have reduced the operating loss by approx 50% compared to the same period last year. They have also apparently negotiated an improved shirt sponsorship deal.
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