trueblue 64
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Posts
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Everything posted by trueblue 64
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Jack's job is almost done and I expect him to leave along with Stockbridge. The convicted violent criminal is the one you championed and advised people to back.
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So the rebels went to court to force a proper democratic vote which they will ignore if it goes against them. Democracy is a bitch eh.
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The quality appointments I referred to was obviously the recent ones. The Easdales have done nothing wrong while connected with us, in fact they could be commended for putting together a quality board. Stockbridge appears to be a lame duck and will probably leave before the AGM. The rebels have rallied behind a convicted violent criminal, pot, kettle springs to mind
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Laxey have clearly swapped sides, it matters not if they bought the shares from Green himself. More investors will follow as they see that this board is getting it's act together with quality appointments.
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Laxey announced this back in August. http://news.stv.tv/west-central/236617-laxey-partners-says-it-will-support-rangers-general-meeting-notice/
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Yes they have. http://news.stv.tv/west-central/249682-laxey-partners-pledges-support-to-current-rangers-board-in-agm-vote/
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If Wallace is good enough for the wealthy sheikh, he'll do for me.
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You seem to miss the point that Laxey have switched sides due to the recent board appointments.
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A hedge fund with the single largest shareholder in Rangers has announced it will support the current board at the vital annual general meeting. Laxey Partners Limited increased its stake in Rangers International Football Club plc to 11.64% after purchasing £1.3m worth of shares on Wednesday. The Isle of Man-based firm confirmed to STV it would be voting in favour of the reinstatement of current board members, including the recently appointed chief executive Graham Wallace, at the annual general meeting next month. Laxey previously indicated it would vote in line with the fans at the meeting, which it believed was to remove board members, including finance director Brian Stockbridge and former chief Craig Mather. The annual general meeting is due to take place on December 19 amid a long-running power struggle between the current Ibrox regime and rebel shareholders led by ex-chairman Malcolm Murray and former oldco director Paul Murray. Both sides had claimed to have enough support to pass resolutions at the meeting, but the declaration from Laxey could prove vital to the current board being re-elected by shareholders. Colin Kingsnorth, one of the founding members of Laxey, said: "We will be voting for the current board at the AGM. It feels like the requisitionists have pushed the pace of change for the good and there is now a professional and competent board in place. "This is not the old board but new, good people. Graham Wallace seems very good news. The days of wheeling and dealing seemed to have passed and a professional board is in place - we want to give them a chance to get on with it." He added: "We said we wanted to support the fans and we have spoken to various supporters groups. There are many, many of them, all with different views - some more vocal than others. We believe restoration of a stable situation and transparency on where the money is going are the key issues for most of them. "We hope Graham Wallace and the new board members know this and respond accordingly. We will be supporting them to try and promote that." Norman Crighton, who has associations with Laxey, was recently appointed a director of Rangers International and is set to head up an "investment committee". Mr Kingsnorth said Mr Crighton is a "good guy who we know" but is "completely independent" of Laxey. Laxey purchased 3.3 million shares in Rangers International on Wednesday, taking its stake to the single largest shareholding in the company. Mr Kingsnorth said he had “no idea” who sold the shares to the firm as they had been bough through the market. It is also due to receive a further 714,285 shares which were owned by former chief executive Charles Green under an agreement over its initial investment. It purchased one million shares for £1m last October prior to the initial public offering, before the flotation went ahead at 70p per share. As the float price was below £1, Mr Green agreed to transfer part of his shareholding to Laxey so that its voting rights were not affected. It will receive those shares later this year when Mr Green’s lock-in agreement expires. The current board, which is made up of non-executive director James Easdale and chairman David Somers, can also expect the support of Sandy Easdale, who has 23.79% voting rights of Rangers International’s share capital after investors Blue Pitch Holdings and Margarita Funds Holding Trust transferred their rights to him. Sports Direct and Newscastle United owner Mike Ashley, who owns a 4.61% stake in Rangers, is also expected to support the current board, which takes voting rights in its favour to at least 39.9% of the company’s share capital. Opposition shareholders seeking the appointment of the Murrays, Scott Murdoch and Alex Wilson as directors at the meeting require the support of 51% of all votes cast at the meeting. Fans invested £5.2m at 70p-per-share to buy an 11.4% stake in Rangers International last year and their votes could still have a major say in whether the boardroom changes take place. Artermis Investment Management and Hargreave Hale are among the large institutional investors who have been backing the rebel group. The two firms have 15.49% of the company’s share capital between them. The guy from Laxey makes some good points there.
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Laxey are not looking for dividends from us, they are looking to increase our share price, that is where they make their profits from.
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If people can't accept a democratic vote going against them, it's best they do stay away instead of continually shitstirring.
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I take it the democratic AGM vote means nothing to you if it does not go the way you want.
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Oh great, a continuation of the dirty tricks campaign it is then.
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I have no time for Mark Dingwall but he is a somebody' as he has been elected by his group. Lennon etc are not down in the 'city' pestering our investors with unfounded claims. The mudslinging by both sides seems to have calmed down thankfully. The investors should be left to make up their own minds which way to vote at the AGM.
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Sky will be getting told to stop wasting my subscription interviewing nobodies with no proof of what they are claiming.
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It is bad enough having elected leaders of small fan groups claiming to represent us making unfounded allegations about our club, but now we have an unelected nobody doing the same. Very dissapointed with Sky for giving him the time of day.
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Heads are not required to be part of that mob.
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SSN: Jim McColl Interview (16:30 with Jim White)
trueblue 64 replied to Frankie's topic in Rangers Chat
Absolutely nothing new. To think I missed 10 minutes of cbeebies andhad to put up with a tantrum from my 2year old for nowt -
SSN: Jim McColl Interview (16:30 with Jim White)
trueblue 64 replied to Frankie's topic in Rangers Chat
Maybe he is going to tell us we don't need King, because McColl is one of the richest men from Scotland. Maybe he is going to tell us a Scottish institution should not be run by foreigners, unless they give you close on a billion. Or maybe he is just going to tell us how to vote, even if he chooses not to reside here. -
Jobs for the boys eh. Watch their numbers explode if the rebels get in.
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And to think you had a pop at me for quoting wiki. I thought you were way smarter than this.
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Doors will probably be chapped, horse's heads will probably be left. Sos aim 3 - to keep the club off the front pages Oh the fucking irony.
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He is not correct about Paul Murray investing 250k in Rangers and I doubt he's correct about Whyte still being involved.
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Rangers Board 0 - 1 Requisitioners (Court of Session)
trueblue 64 replied to Frankie's topic in Rangers Chat
http://www.telegraph.co.uk/sport/football/2377761/Supporters-mystified-by-Rangers-youth-plan.html It was a dodgy scheme that Murray was a part of, if profits had been made, dividends would have been paid. -
Rangers Board 0 - 1 Requisitioners (Court of Session)
trueblue 64 replied to Frankie's topic in Rangers Chat
In addition to the first team, Rangers F.C. also have a reserve team and an under-20 side. On 20 April 2004, Rangers Football Club announced the creation of a new company which would oversee the development of the club's youth players. The company, called Rangers Youth Development Limited, is entirely self-funding but completely owned by the club. It attracted four investors from outside Rangers who have invested £1 million, with the club also putting up an initial £2.5 million. This would leave Rangers F.C. in an unfamiliar position which would mean it has to buy its own youth players from Rangers Youth Development. The company will own the young players and the club will need to bid for them although it will have first option on all the players. If both sides cannot reach an agreement on a transfer fee then a FIFA transfer model will be used. Any profit made by the company will be divided between investors with the majority being invested to fund more youth players. [2] The main reasons for the formation of the new company is to offset the running costs of Murray Park. However, many of the Rangers fans were opposed to the formation of the[3] According to this Murray was to receive dividends from our youngsters.. http://en.wikipedia.org/wiki/Rangers_F.C._Reserve_and_Youth_squads.