SteveC
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Everything posted by SteveC
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"Steven Mucklow, an known associate of Ashley agreed to underwrite the recent share issue to the tune of £4m, this likely lad likes a beer and social gathering, it also loosens his tongue. By doing so it would have allowed our esteemed board to reject any offer to underwrite from any other parties. The board had even went as far as writing up the stock market announcement before he predictably removed his offer with days to spare. This made it impossible for another underwriter to come in. What happened next was the share issue didn't raise the capital expected and low and behold his mate Roland Ashley (forgive me if I've got first name wrong) puts a loan on the table, secures two seats in boardroom and gets security on our assets. A pure coincidence? Please spare me the excuses. A total carve up aided and abetted by another patsy. I will, for now, give Mucklow the benefit of doubt as he may just be used in Ashleys game of rodent takeover however I will seek him out if he's as good as his beer influenced word and attends the cup semi v celtic. Apparently he claims, he has friends of influence inside Ibrox who can easily get him tickets. Not bad for a guy in Essex who's never been to a game. Rodent alert is on high and I can assure all, I will do everything I can to expose their dastardly ways and I don't care for the personal consequences. Our club is too dear to me. I'm working on a story that would not only assure Green will come nowhere near Ibrox again but possibly see him stay out the country." ......posted by SoS on their facebook page.
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Very much agreed though unfortunately our NOMAD is in itself part of the crooked and corrupt cabal. Writing to them to complain is like telling the school bullies lackeys that you don't like being bullied by their own gang leaders.
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Very best wishes, folks. Have a great one.
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Earlier you were claiming they wanted Rangers not to exist so why would they be chasing Rangers' blazers?
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I'm sure we all have always realised that, but we are just awainting the day when you realise that Graham, Dingwall, King etc are not our enemies.
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I heard that before somewhere. Oh yes, I remember....
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Maybe but I don't think we are only £3 million in debt and it's mounting weekly whatever the figure currently stands at. It certainly wouldn't be difficult for Ashley and Co to make us be in more in debt if they so wished as they'll have Admin 2 working solely to their benefit if it does happen
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Rangers chief Derek Llambias must seek approval for vision of club...
SteveC replied to ian1964's topic in Rangers Chat
It seems unlikely it will happen in the next decade (if ever) whether we have Admin 2 or not. We're f@cked and have been since Whyte was allowed to appoint D&P as Admin -
Or declare bankruptcy
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Does he have any children or siblings? They could buy us with his money being gifted to them or in a trust or whatever - got to be loads of ways round it if he wants to.
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Rab, do you really believe that those people want Rangers dead? Really?
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Isn't the NOMAD just a gang of their crooked pals in on the scam, though?
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Me too - plus my mum's donation
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McDowall's first match in charge will come against Hibernian this Saturday but he knows defeat will all but kill-off their automatic promotion hopes. However, he warned fans not to expect sweeping changes when he names his line-up for the Easter Road clash. He said: "There's not a whole load I can change because everything Ally was doing was with my backing. "The players appreciate that they have got to do a bit betteron the park in terms of consistency. But these guys are good players. They don't just become bad players overnight. "Because they are Rangers players, everything is scrutinised - every last pass. But they know they need to keep their standards high." http://www.eveningtimes.co.uk/ranger...on.1419356618? Jeezus. How depressing is that?
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Starting 'a new club' discussion from the AGM thread
SteveC replied to SteveC's topic in Rangers Chat
Nor did the fans unite to try and save the club. Quite the opposite in fact was soon the case. -
http://www.bbc.co.uk/sport/0/football/30582696 Rangers: SFA to hear case for Mike Ashley increasing stake By Richard Wilson BBC Scotland Rangers chief executive Derek Llambias will address the Scottish FA board on Tuesday to make a case for Mike Ashley raising his stake at Ibrox. The SFA has issued notices of complaint to the club and Ashley due to alleged breaches of dual interest rules. A disciplinary hearing will be held in January, but the informal talks about Ashley increasing his shareholding will be treated separately. Ashley currently owns 8.92% of Rangers International Football Club. But the Newcastle United owner has previously shown interest in raising that to 29.9%. When Ashley took his initial stake in RIFC, the SFA board granted permission on the basis that a case was made for his involvement. Article 13 of the association's rules state that an individual cannot hold stakes in two clubs without the prior permission of the SFA board. Ashley signed up to an undertaking to not raise his stake beyond 10% and to not hold undue influence over the board. After loaning Rangers £3m, Ashley's long-time associates Llambias and Barry Leach were appointed as consultants. Llambias was then appointed non-executive director and was appointed chief executive last week. He was previously managing director of Newcastle United, the club Ashley owns outright. Breaching the undertaking would bring sanctions from the SFA, but at the same time Ashley can still seek permission to increase his Ibrox stake. Rangers intend to hold a share issue in the new year, to raise up to £8m by issuing 54 million shares at a discounted market price - which is currently 18p. Llambias would need to make a business case to the SFA board, which will hold the discussions informally following a board meeting at Hampden, that Ashley is the only source of the funding that the club requires to continue trading. The offer of £16m of funding from a consortium involving former Rangers director Dave King has never formally been removed, although it would require the support of 75% of shareholders. At the annual general meeting, shareholders voted to approve the share issue, but rejected the disapplication of pre-emption rights. Derek Llambias at the Rangers AGM: "Not everything I do will be popular but everything I do will be in the club's long-term interests." When the share issue is held in January, existing shareholders must first be given the opportunity to maintain the size of their stake, or face dilution with new shares potentially being issued. A non-shareholder can still underwrite the issue, but they will not know how many shares they will end up with until after shareholders have taken up or declined their rights. Existing shareholders can also sell their rights to non-shareholders, or take up their rights and then leave the remaining shares unissued. This would reduce the amount of capital raised, although Ashley could agree to the refinancing of the £3m loan he made to the club and which is due to be paid back in April. Uncertainty continues at Ibrox, although Llambias also told shareholders that Kenny McDowall will remain as manager of the team until the end of the season "and perhaps beyond". McDowall was promoted from his role as assistant, following the decision to place manager Ally McCoist on "gardening leave". Analysis - Douglas Fraser: BBC Scotland's business & economy editor "Rangers badly needs cash - not for investment, but simply to stay solvent from month to month, "The only people likely to provide it are either going to demand very high interest rates, because of the risk of default, or because they're passionate about the club, or because it could give them control. "A company can go back to shareholders, offering them the right to buy shares in proportion to their existing holding to ensure no-one's shareholding need be diluted. "But the need for investment is such that the directors believed they needed to go much further with a big bang issue of new shares, giving more power to one or more new investors while diluting the power of existing ones. "Given the unhappy recent history of dominant shareholders at Ibrox, there's too much suspicion of directors for that to get past the annual general meeting, this year or last. "So it's back to those other options; seeking out short-term and expensive loans: or asking existing shareholders to find new funds for the club (after seeing the share price fall from 93p to 18p in the two years since the holding company floated): or looking to a rich individual who has an interest in gaining a controlling interest. "That's where Mike Ashley is key. The Sports Direct boss has nearly 10% of shares, and a merchandising partnership. His man, Derek Llambias, has just been made chief executive. "He's already bankrolled Rangers on apparently attractive terms. And he's got pots more money to keep doing so, though that would require an ever-bigger security over the assets. "At least one problem is that he's got to get past the Scottish FA, which wants an explanation for what appears to be his controlling interest in both Rangers and Newcastle United. "Unfortunately for the SFA, Mike Ashley could turn round and force them to face their own dilemma; either let him continue to invest in Rangers, thus taking control, or let one of their biggest club's collapse. Again."
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The U20s are playing at Falkirk just now. That could give a clue.....
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You were being a good bear and trying to keep my head above water. However, the waves crashing down upon us were too big.
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Starting 'a new club' discussion from the AGM thread
SteveC replied to SteveC's topic in Rangers Chat
bloody sunshine gives you skin cancer, leave me in my cold, dark, bleak universe thank you very much! -
Well asked, govanderriere.....I think I missed the answer....
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He's already there and already on the wage bill, why would our masters look elsewhere? They only look at short term £££. they care not a fig for our future.
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I wonder if this guy is Somer's role model for Chairman-fan relations? Blackpool chairman Karl Oyston has reportedly been involved in an angry exchange with a supporter of the club he allegedly called "a retard". Oyston is alleged to have made the remark as part of a series of abusive messages between himself and the fan. Blackpool were not available for comment on whether Oyston sent the messages, which have been widely reported over the last 24 hours. The Football Association has said it is aware of the row. Oyston, a member of the Football League Board, is also alleged to have told the supporter to "enjoy the rest of your special needs day out"."
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Hahha - does he though? If he does, I'll give you that and save you going for the desperate, last ditch "at least you're not a Tim" line,
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Thanks trublu but every time we have said that for the last 3 years.....well, you know the rest
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I would dearly like to answer with less negativity but I have searched and searched for optimism and not found any.