crucible
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Posts posted by crucible
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Cases are referred to the SFO by the Police or other government departments, individuals are not entertained by the SFO, so no one reported anything to the SFO it quite simply doesn't work that way
Board Statement
Written by Rangers Football Club
THE board notes the comments made by a group of businessmen and minor investors led by Mr Jim McColl.
We would make the following points:-
Rangers have not been contacted by the SFO and are completely unaware of any investigation.
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Many banks ruined businesses to protect their own profits and bonus schemes, they are the dregs of society , usury practitioners is being to kind to them.
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Wallace is a fan of the oval ball and a great admirer of the Hastings brothers.
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Ally is without doubt a true Ranger and one I trust,anybody who thinks he is not acting in the best interest of Rangers is nuts!.
The paper appears to have updated its headline to Ally will back the board although I can't see any justification for it !
Ally McCoist to back the board at next Rangers AGM, as he believes the club's "best interests are at heart".
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but the thing is, we don't know what the question was to which he replied, “That would be committing suicide, to be honest with you,”
What is "that"?
McCoist is in an impossible situation; he can't back the present board because he almost certainly wants the others to win; he can't back the others because he is an employee of the present board.
McCoist either answered or responded to something which appears to be this; McCoist has still not decided which side he will publicly endorse, but is in a situation which makes it highly unlikely he would oppose his current employers.
“That would be committing suicide, to be honest with you,” said McCoist. “I haven’t made up my mind yet how I’m going to vote. It doesn’t put me in an uncomfortable position at all, because the one thing I will certainly do, and have always attempted to do, is to do the right thing for the club. It’s something I will think about nearer the time.
Ally could do the right thing and stand up right now and be counted as to his beliefs about who he will support, his prevaricating of sorts is not surprising as he has backed every incumbent there has been, perhaps his job is the most important thing rather than what is seen to be morally right under the circumstances by some.
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What would be committing suicide, does Ally know the outcome of the vote already, why would he say it would be suicide to vote against the present board surely they could still lose the vote unless Ally knows the voting percentages are enough to carry the present board.
I do wish he would keep his own counsel at times, being everyone's friend never works out.
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Has Paul Murray never heard of David Holmes ? very poor from someone proposing to sit on the board.
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Regulatory Story
Company Rangers Int. Football Club PLC
TIDM RFC
Headline Appointment of Chairman
Released 12:30 22-Nov-2013
Number 7493T12
RNS Number : 7493T
Rangers Int. Football Club PLC
22 November 2013
22 November 2013
Rangers International Football Club plc
("Rangers" or the "Company")
Appointment of Chairman
The Board of Rangers has appointed David Somers as permanent non-executive Chairman, having previously been independent non-executive director and acting chairman
In accordance with Rangers' Articles of Association Mr Somers will remain subject to re-appointment by an ordinary resolution at the upcoming Annual General Meeting of the Company on Thursday 19 December 2013.
For further information please contact:
Rangers International Football Club plc
Graham Wallace
Brian Stockbridge
Tel: 0141 580 8647
Daniel Stewart & Company plc
Tel: 020 7776 6550
Paul Shackleton / James Thomas
Newgate Threadneedle
Tel: 020 7148 6143
Graham Herring / Roddy Watt / John Coles
Media House International Ltd
Tel: 020 7710 0020
Jack Irvine
This information is provided by RNS
The company news service from the London Stock Exchange
END
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11.64% when all is said and done is not a majority, overall there is the other 88.36% to be allowed and accounted for.
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I for one hopes this ends in a court case, MM stated,
"The choice is stark - take sanctions or risk not playing football at all. We do not wish to gamble with the club's future so, under duress, we have taken the difficult decision to accept some sanctions in order to move forward".
Duress and Undue Influence law are plain enough and Green should have challenged it at the time, the sfa would lose and will lose badly.
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Unfortunately you are coming across as no more than a malcontent if you don't get your own way.
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Excellent well said.
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You don't seem to mind hurting the club if democracy goes against you, can't say I am surprised.
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You would advise hurting the club if democracy thwarts your aims, interesting if ill thought out.
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In what way could the little people react.
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Democracy is the system where two ldiots can outvote a genius, looks like the party is over for the requisitioners.
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No perhaps so about it, no IPO in financial history has settled at 5%.
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The IPO figures related to Mr McColl's claim of 5%.
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The simple and salient point is that Mr McColl's claim of 5% is just that, Merrill Lynch was the market leader in underwriting being as low as 4% of IPO funds, many other expenses need to be added to that figure not least legals.
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12.5% is the norm for IPO expenses 5% wouldn't even cover underwriting costs, maybe Mr McColl omitted the 1 in front of the 5.
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Also a board of directors who spent 25% of the IPO money on expenses. Figure should have been around 5%-10% approx. according to Jim McColl. And yes I will take McColl's word for it.
You would have to factor in IPO and ancillary IPO monies, nowhere near 25% was used for expenses it was nearer 11%.
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As farces go an absolute.
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Prosecution ? jail was the penalty and 84 years as set out in the judgement for failure to pay, also he agreed to make payment to the Criminal Asset Recovery Fund of over R8 million..
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King was given an option payment of the fines imposed or 84 years in jail, he clearly seen the benefit of paying up for his morals.
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McCollco Statement
in Rangers Chat
Posted
It doesn't alter the fact that the SFO do not accept complaints/cases from individuals.