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j1mgg

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Everything posted by j1mgg

  1. j1mgg
    I do think some people are getting carried away on this thread. We need to realise that we need to become a selling club to keep on breaking even, and stopping handing out big contracts to mates and buying players with no sell on value. The main thing we don't want to do is get into a lot of debt as we want to chase after other people, this will take years to rebuild and people shouldn't be looking for instant success. I am sure people will still keep an eye on the board if they win and will let's us know as soon as something is going wrong, and they will have evidence rather than hear say
  2. j1mgg
    A certain poster on RM mentioned a few weeks ago that he had already agreed this.
  3. j1mgg
    Representatives of the Rangers Union of Fans have been in London for the past two days, meeting with a number of significant shareholders in Rangers. We put across the overwhelming wish of supporters for change in the boardroom. During the meeting with Colin Kingsnorth of Laxey, kindly organised by the London Rangers Supporters Club, we explained the severe trust issues which Rangers fans have with some of the current board, most specifically Brian Stockbridge. These issues were articulated clearly at the weekend via the large scale protest at Ibrox. We also impressed upon him the need for the appointment of trusted directors. Mr Kingsnorth is now fully briefed on the fans feelings and appeared to share the majority of our concerns on Mr Stockbridge. He also revealed that he had insisted that Mr Stockbridge repay his £200k bonus from last year or that Laxey may not support his re-election. He believes that in response to this possible loss of significant shareholder support, Mr Stockbridge had returned, or would return, this money prior to the AGM. He also acknowledged that this was far from the only issue with Mr Stockbridge. Despite broad agreement on fans' concerns, Mr Kingsnorth indicated that Laxey were unlikely to change their already submitted and publicly stated vote. We remain unclear on the reasoning behind this, particularly given these shared concerns. Following this round of meetings, it would appear that the AGM result will be particularly close as there are numerous different claims of support. It is clear that the 12% of voting rights held by the Rangers support can be absolutely crucial to the result at the AGM. We urge all fans to make sure your vote counts by attending the AGM in person or, if you cannot attend, proxying your vote to someone who can.
  4. j1mgg
    I think all increases in share amounts should be looked at. Although it was £45k worth and not massive in the grand scheme of the things, to write it off as a non event I can't agree with. The amount is nearly a fifth of all RST shares, and also more than most fans can dream of, should we just write off their votes as they are small amounts?
  5. j1mgg
    And vice versa again. It was what you think that counts, and surprisingly some people think the new additions to the board can do a better job than PM, MM and he other 2 With regards to what Paul Murray could of done being only one small voice round a big table, easy, he could have resigned just as mentioned in the post asking the question.
  6. j1mgg
    And vice versa. Seem to be a set of fans that will back PM and MM no matter how badly they have done in the past.
  7. j1mgg
    I actually don't, and the reason I am not voting for him.
  8. j1mgg
    Would you include the playing side of staff in this who have continued to take large wages when they didn't have to?
  9. j1mgg
    Reply to post #34 as it didn't quote properly That isn't the best defense case I have ever seen. Paul Murray is no genius and I don't think he could of done any better than the current board if he had got his hands on rangers, and that is why I won't vote for him. I have to put my faith into the new appointees and their calibre to see Stockbridge isn't upto the job and replace him with a better candidate. Then again I don't know 100% what his job is and how much say he had in certain things! there is also people saying that MM residing over the board when the contracts were dished out, so why would I want him back, playing staff and management also happily kept on taking the wages given to them, so should they also be hounded out as well. So many questions and people that need attacked and hounded.
  10. j1mgg
    This is a reply to the person asking about RM stance. As a website they always say they remain neutral. There will be a few reason, possibly people planted by JI/media house, people that do bear a grudge against PM lot, there will be a lot of people that are anti PM for legit reason and frequent it because they can't do it on another well known website(this seems to be claimed a lot), and then there are anti board members like delightful Dennis. Most though I guess have tried to use facts and not been happy the way PM and supporters groups have went about things and instead of their time being 50 /50 against PM and against the board, more of their anger is vented against PM, this doesn't mean they think the board is amazing though. All peoples opinions at the end of the day, but if you had no fear of getting banned for speaking out against PM on follow follow, then I don't think it would be as one sides on RM.
  11. j1mgg
    Rangers supporters' groups threaten to call time on financial support if boardroom battle continues after agm HAVING poured £10milllion into the club the Rangers Supporters Trust, Rangers Assembly and Rangers Supporters Association believe they have the power to force change in the boardroom. RANGERS fans’ groups last night threatened to pull the plug on financial support if the Ibrox boardroom battle continues to rage after the annual general meeting on December 19. A statement from the three main organisations – the Rangers Supporters Trust, Rangers Assembly and Rangers Supporters Association – came just hours before new chairman David Somers plunged into a new war of words with the four shareholders hoping to be elected onto the board at the agm. But even before his comments Ibrox supporters’ groups made it clear they’ve had enough. And having poured £10million into the club through season ticket sales this season, they believe they have the power to force change. Their statement read: “It is evident significant portions of the support want as a matter of urgency to see a RIFC board working efficiently as a unit to take the club forward effectively commercially and on the pitch. “Failure to achieve this will potentially result in fans disengaging with the club and the effect this would have on income streams would be disastrous.” Somers later issued an open letter defending himself against claims he had not proved his ‘independence’ from previous regimes operated by Craig Whyte and Charles Green. Somers’ intervention – in which he calls Paul Murray, Malcolm Murray, Scott Murdoch and Alex Wilson the ‘Gang of Four’– appears to have blown any chance of them working together should the quartet be elected. The newly appointed chairman claimed many of Rangers’ problems over the last two years came during periods when the Murrays were directors. He accused them of ‘wild’ allegations to frighten fans and shareholders. Somers said: “Brian Stockbridge suffers most from the lies thrown around by the people in the process of reinventing themselves. “Even the requisitoners must understand finance directors are members of boards and their actions largely dictated by the board. It is not that finance directors make mistakes, rather that boards make mistakes, or worse. “Without Brian, the club would in my opinion have been de-listed months ago and the club should owe him a debt of gratitude for holding things together. “Going forward, his new CEO Graham Wallace needs time to evaluate the whole structure within the business and the people within it. This will be true for Brian as for everyone else. I read wild accusations that I may not be independent. “Let me say categorically, until I joined the board a mere four weeks ago yesterday, I had never heard of Charles Green, Imran Ahmad, Craig Whyte or any other characters in Rangers’ history. “To my knowledge, I have never met them, nor had business dealings with them. Nor would I recognise them if I passed them on a street. “I have now read over two years of board minutes and they make very depressing reading in terms of their lack of professionalism and worse. The minutes make it clear in my mind the boards of recent years have been totally unfit to run this club. “The mystery to me is why people should now be considering that members of these boards, which presided over the problems we face today, should be considered for re-election. “I encourage shareholders to vote against the four requisitioners. Firstly, because some were members or chairman of boards which failed this club in the past. Secondly, we need a board selected from the best available people. “Not just from fanatics who put their own personal interest ahead of the greater good of the club.” But Rangers Supporters Association, Assembly and Trust last night jointly accused Somers of being out of touch. In response to his comments they issued a statement that said: “The comments from the chairman are deeply troubling and we call for an urgent meeting so he can acquaint himself with the reality of the feelings of the support.” Somers’ comments came on the day the four requisitioners made a statement to shareholders ahead of the agm. It read: “We have been relentless in our pursuit of change, as have the fans with whom we are completely aligned. “There are not many businesses who can choose to ignore their customers. This is what the past and current board have done and are still doing. All shareholders should be worried about the impact this may have on season ticket sales and other commercial revenues. “We would ask shareholders to support further board changes.” I would like to know how they get to the £10m figure, and if it wasn't the groups why they haven't corrected the journo.
  12. j1mgg
    I will have to sit down and read my tomorrow, but I would guess you would need to return the slip with you options chosen. Good to see some people writing off somers before he has even had a chance.
  13. j1mgg
    Further info from the same guy Here is Malcolm Murrays and (William) Scott Murdochs information. MALCOLM MURRAY Current Directorships MWB Business Exchange Limited (2011 to present) – ( -£3.2m Net worth) – Various holding companies – Assets of £23.6m and Liabilities of £47.3m. Cash in back depleted from £23.3m in 2008 to £850k in 2012 end of 2012 accounts. Aye Ready Limited (2012 to present) – No accounts filed and no information but it’s a new company with himself and a Mrs Murray as directors. Why using Aye Ready ?? Past Directorships GLG Partners UK Holdings (2002 to 2008) - Net worth of minus £8.2m with liabilities of £45m and assets of £295,000 Union Bank of Switzerland (Pensions) Limited – Non trading SCOTT MURDOCH Current Directorships. CWM Partners and Limited – (2007 to present) – (£257k net worth) – Assets of £494k and liabilities of £246k. Cash in bank depleted from £1.2m in 2008 to £305k in 2012 accounts. Loch Lomond Golf Limited – (2011 to present) – ( -£23.5m net worth) – Assets of £1.7m and liabilities of £34.3m. Cash in bank £843k as at 2012. No previous record of cash balances. Jojam Coffee Limited – ( -£103k net worth) – Assets of £264k and liabilities of £1.07m. Cash in bank £100k – Company currently being liquidated. Summary is net worth of MINUS £23.3m, Assets of £2.5m and liabilities of £35.6m. Total cash £1.19m Past Directorships. Morley Trading Limited (2008 to 2010) – Dissolved 2012 Carter Wassell Murdoch Limited (2002 to 2012) – Dissolved 2012 Eagle Buyer Limited (2010 to 2012) – Dissolved 2012 Frostfrench (Holdings) Limited (2007 to 2010) – Dissolved 2010 Frostfrench (Projects) Limited (2007 to 2009) – Dissolved 2009 Hoodlane Limited (1993 to 1998) – Dissolved 2004 Frostfrench Limited (2007 to 2011) – Dissolved 2011 Green Dust Limited (2008 to 2010) – Still active with net worth of £119k Hope and Glory UK Limited (2008 to 2009) - Still active with net worth of minus £46k Miller Harris Limited (2008 to 2009) – Still active with net worth of £1.6m Brand Empire Limited + Brand Empire SPV1 Limited + DVD Box Limited (all 2009 to 2010) and all are non trading. Good to see different people opinions and can give insight to people that don't know and just see figures
  14. j1mgg
    I know I will get Pelter's for posting this, but thought I may get the other side of the coins thoughts. It was taken from RM and put together by a poster called TheLawMan "I recently posted about the Murray myths around debt reduction and Break even Domestic policy however i see today he is still claiming he helped reduce debt. His fans appear to believe him as well, despite the facts disputing what he says. Anyway, i thought i would take things a little further and look at the facts and figures of the people we are being asked to vote for. I know this type of thing normally bores people but I would urge you to read through Murrays CV. First an in-depth look at Paul Murrays Directorships – Past and present. Source : http://companycheck....ector/907102823 Lets start with his current active Directorships: Delamore Holdings (2007 to present) ( -£5m Net worth) – A flower and plant wholesaler – Assets of £1.68m and Liabilities of £1.78m. Cash in bank depleted from £652k in 2008 to £184k in 2012 year end accounts. Points to note. 2012 was a £973k loss following on from a £733k loss in 2011 and a long term loan was taken out to repay short term commitments. R.Delamore Limited (2007 to present) (£1.4m Net Worth) – A flower and plant wholesaler – Assets of £1.5m and Liabilities of £1.45m. Cash in bank depleted from £652k in 2008 to £0.8k in 2012 year end accounts. – Points to note. Due to cash depletion and a Going Concern issue, the company took out a new £2.25m loan to repay other loans and made a £628k loss last year. MGI Investments Limited (2004 to present) ( -£64k Net Worth) – A Management Consultancy firm – Assets of £23k and liabilities of £90k. Cash in bank depleted from £91k in 2008 to £3.6k in 2012 year end accounts. Vicast Limited (2013 to present) – A Business and Domestic Software Company – No information as no accounts filed but should be noted that fellow Directors are Martin Bain, John McLelland and Jacqueline Gourlay. St Marys School, Melrose (2009 to present) – (£2.85m net worth) – Education – Assets of £99.6k and Liabilities of £91.2k. Cash in bank depleted from £85k in 2008 to £6.7k in 2012 year end accounts. In summary, he holds 5 active directorships(there is a duplicate listing for MGI on the website) with a total Net Worth of Minus £814,000. Assets of £3.3m and liabilities of £3.4m. Total Cash of £189k. Now lets look at Past Directorships. Urban Life Properties Limited (2003 to 2009) – Dissolved in 2009 RFC 2012 PLC (2007 to 2011) – In Liquidation Wireless Systems International (2000 – 2002 ) – Dissolved in 2004 Martin Currie European Partners and Martin Currie Investment Management Limited (2003 – 2004) – Dissolved in 2007. Paul Murray was brought on board as MD of this business to launch a new £200m private equity fund. He only managed to raise 10% of target and left the business in 2004 after Currie suspended the launch of the fund. 3i PLC (September 1999 to April 2000) – Still active and a huge business with a £80m deficit of Liabilities v Assets Scientia Ferovia Limited + Scientifics Group Service Limited + Harwell Scientifics + Atesta Trustees Limited + Atesta Holding Limited + Scientifics Limited (all 2005 to 2006) – All non trading. It isn’t rocket science but looking at the above list, his Executive Directorships have been an absolute failure. 3 Dissolved, 1 liquidated, 6 non trading and the only 1 of any note, he only lasted less than 7 months in, and that was 13 years ago. Add that to his current directorships and we really need to ask...... WHY PAUL MURRAY ?? Anyway, lets now look at the total current directorships of Paul Murray, Malcolm Murray, Scott Murdoch and Alex Wilson from the above source. 10 COMPANIES NET WORTH = Minus £27.3m ASSETS = £29.4m LIABILITES = £86.3m CASH in bank = £2.23 million Now lets look at the other half which is principally Somers and Easdale. 13 COMPANIES NET WORTH = £294.9m ASSETS = £3.5 billion LIABILITIES = £3.4 billion CASH in bank = £1.3 billion SUMMARY The current record of Paul Murray, Malcolm Murray and Scott Murdoch is dreadful. Liabilities running at 300% to assets, dissolved companies, liquidations, cash only going one way over last 5 years in all of their companies yet we are expected to believe they are the team to take us forward. Contrast that with Somers companies whose cash has multiplied by millions and hundreds of millions in his companies. Huge assets, huge network, just huge all round."
  15. j1mgg
    Pretty good statement and puts some things to bed, and am glad he is taking his time and seeing what has went wrong in the past. I guess he has probably just got his name in a bed sheet for tomorrow.
  16. j1mgg
    The current board could come out and say that whyte isnt involved, green isn't involved, they are looking at contracts and such, some people still wouldn't be happy, some people just want PM, MM, probably martin vain and such back at any cost. They don't want a democratic vote.
  17. j1mgg
    What will he do if he gets voted on and stock bridge stays, both are very unlikely thought. Goram has a very valid point in that it can't be compared, the amount of money we are spending on players and their wages to play at this level we should have been on a longer unbeaten run.
  18. j1mgg
    I don't think there is enough positive comments in the statement about the next nominees and it a little based on what the current board, or at least part of it have done, rather than what the nominees can do. I am still uncomfortable with the PM redubing debt part as I have seen figures that seem to contradict this. Can't wait till the 20th when this is over.
  19. j1mgg
    Can we not just ask Leggo or the well known source to prove it, as it is them making the accusations, maybe it could be leaked to a twitter feed or everyone s favourite journo.
  20. j1mgg
    Why should a man post private details of his wage, would you post your wage details to everyone in your work? Salmonds SNP must be making better headway than I thought as it seems it is up to the accused yo prove they are innocent nowadays, what ever happened to PM telling us the names of BPH and Margareta?
  21. j1mgg
    Another source that we have to believe, but doesnt want to be known. Just looks like another article written to attack someone because they haven't backed the writers camp.
  22. j1mgg
    The problem is he will still be CFO.
  23. j1mgg
    I am going to guess to if PM camp win it will be fair and not rigged, if the board win then we will have to be an enquiry as surely it will have been rigged, I am sure I have alr ady heard murmurs of this being banded about.
  24. j1mgg
    I will be doing the biggest thing I can, and that is using my vote at the AGM to vote off who I don't think is worthy to be on the board with the facts I have been provided, and not because someone is telling me what to do.
  25. j1mgg
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