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pete

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Everything posted by pete

  1. pete
    What happened to No Surrender?
  2. pete
    In 1872 four men stepped out of a rowing boat and started playing a game of football. Just four years later in 1876 General Custer was making his last stand against the Indians at the battle of Little Bighorn. Little would these guys think that in 2015 the football team they were starting would look more like a battle ground in Montana than a friendly kick of a ball at Glasgow green. The Rangers Board are copying General Custer, in that Custer ordered his men to shoot their horses so as they could use them as shields’ The Rangers board are also killing their biggest asset, the Rangers retail business so as they can make a last stand. Funny enough the General sent to support Custer was General Crook well there is another similarity we all know he also exists in our battle. In fact some may think the board room are all related to General Crook because they keep calling them by that name. Of course Custer was a proud flamboyant stubborn man and refused any offers of help he was offered as he wanted to keep himself in the limelight. Our Board have also refused any help they have been offered just so they can keep their blazers and also stay in the limelight. The Indians in this story are of course Dave King and the three bears. They also have a lot in common with the Indians in the story. Custer was trying to stop a group of Indians reaching their goal in getting back to the reservation. All of a sudden the Indians pulled off an unexpected move, Just like King and the 3 bears did, and Custer realized he was totally surrounded. Custer and his men perished in the pursuing battle. The history books portray Custer as some kind of Hero, just like our Mr. Somers seems to think he is, but modern research is now proving that Custer’s men died in a situation of panic and fleeing. Our Board may not yet be fleeing but it is obvious that panic has certainly set in. Let’s hope that they differ from General Custer and accept an offer of help even if it is from the Indians. Otherwise they will be put to an EGM sword. I had just written this as well.
  3. pete

    Forum downtime

    pete replied to Frankie's topic in Rangers Chat

    You were. We all were.
  4. pete

    Forum downtime

    pete replied to Frankie's topic in Rangers Chat

    Who said we had patience and understanding?
  5. pete
    Just like Alloa have no chance against us? I used to be good at Darts many years ago and in tournaments I saw people playing some great games but then heard them saying "I have to play Pete in the next round I have no chance. They then went on to play crap against me. They beat themselves before a dart was thrown. That will be the same against the Tims. Knowing our management team we will be playing a 5-4-1 system and try and bore them to death.
  6. pete
    Yes look at all the shit Green told us. before and after he got his hands on us.
  7. pete
    That may be a good thing it may mean he had not have talked to Ashley:)
  8. pete
    You now have to start asking if he has set this whole charade up from the very beginning. Send Whyte in to get rid of the tax case and then pull the strings.Or am I paranoid?
  9. pete
    All the links now seem to be coming transparent.
  10. pete
    All you need to know about the boardroom battle at Ibrox: Keith Jackson answers the key questions on Robert Sarver, the Three Bears and Mike Ashley Jan 08, 2015 13:16 By Gregor Kyle RECORD SPORT'S Keith Jackson, the man who has been at the heart of the Rangers' story since day one, tells you what you need to know about the latest developments at the crisis-rocked club. Record Sport understands that Rangers need £6.5m within the next 48 hours RANGERS are again at breaking point, teetering on the brink of a financial precipice and weighing up an offer from American businessmen Robert Sarver that would usher in a new era at Ibrox. The Phoenix Suns owner tabled an offer this morning of a £6.5million loan, to be paid immediately, but riding on a further £20m investment that would hand him control of the club. Statements have been made to the London Stock Exchange and in recent days the Three Bears fan faction has continued to work on their bid behind the scenes while Newcastle United chief Mike Ashley has tightened what was already an iron grip on the Rangers boardroom. How will it play out in the next 48 hours, with the club desperately needing cash to keep the lights on? We ask Record Sport’s Keith Jackson, the one journalist who has been at the heart of the story since day one, the key questions. What is the state of play after today’s Stock Exchange statements? KJ: As it stands just now the board, through its NOMAD, nominated advisor, WH Ireland, are consulting key shareholders to ask them if they would be likely to back this new bid. The most important thing for Rangers right now is that they need immediate cash, otherwise they will be insolvent within days. Within the next 48 hours they need a cash injection of £6.5m. You can never lose sight of that, this is the key figure and the first thing they have to do is get that money in the door. Sarver is offering that, but so too are Park, Letham and Taylor. How do the deals weigh up? KJ: The first priority for the board is to secure this money, however Sarver’s deal is linked into a bigger, £20m proposal to buy new shares. As part of this, his immediate £6.5m loan would be converted into shares within 90 days. The problem is, in order for this proposal to get off the ground, it requires 75 per cent shareholder approval for phase two, the £20m share issue. In other words, the board cannot take the £6.5m loan and work the rest out at a later date. Before they take the money they need to know if they are in the position to deliver on the £20m. If they can’t get the 75% approval from shareholders to issue the new shares to Sarver they cannot take his £6.5m loan. Robert Sarver watches his Phoenix Suns side in an NBA match against Oklahoma City Thunder VIEW GALLERY Will they get this approval? KJ: King and Park, who own 35%, are very unlikely to vote with Sarver which means that his proposal is unlikely to get off the ground. The Easdales and his block, who also have 35%, could bring it down as well if they so choose. The proposal, I’d say, has a 90% chance of not getting off the ground. It is a very strange way of going about this - he’s almost shooting to miss. He has made an offer that he knows is riding on conditions that are almost certain not to be met. That leaves the board back at square one: “What do we do? We need this money.” So if they can’t go with Sarver, what do they do? KJ: They also have a funding offer on the table from Park, Letham and Taylor. This is for the immediate figure needed, which we believe to be in the region of £6.5m. Their conditions are that they want seats on the board and then the opportunity to underwrite a later share issue. While Sarver wants conditions met for his larger offer, they are almost saying: ‘take this money now, we’ll deal with the rest later.’ It’s not greatly different, Sarver is just putting all the money up front right away. However, Sarver is not a shareholder - they are. So what is likely to happen next? KJ: My best guess is that the board will announce King/Letham/Park have kyboshed this offer from Sarver, that they can’t get it off the ground because they cannot get the 75% support. That leaves them back at square one - where do we get money from? There is then the other offer on the table - but that’s come from the people who, potentially, have blocked Sarver. The board might then view that group as hostile, because they have blocked Sarver and choose not to deal with them. So where do they get the money from? KJ: That leaves one name: Mike Ashley. Mike Ashley could then become ‘the bank of last resort’. How has his involvement in the club changed with the boardroom manoeuvres in recent days? KJ: It hasn’t. He had boardroom control, what he has done is put in place another director and as Gary Ralston explains in his piece in today’s Record, he might still be able to get another two in place. The bottom line is that Ashley controls this board. What is likely to happen - this afternoon - or tomorrow at the latest - King will call an EGM. And how would that play out? KJ: The interesting thing is that before Sarver appeared on the scene the fan faction were quite sure they would get more than 50% on their side at the EGM. That may have changed. Some investors will look at Sarver, with his wealth and business background and say - this is the man for us. They have hung in for three terrible years and seen the share price tank and this could be the man to fix that, rather than the fan faction who do not have his wealth. That could give them a problem at the EGM, there might be some swinging voters now, men who were behind the fan block and who might have given them the numbers they needed at an EGM shoot ‘em up. This just can’t be calculated at the moment - do the fan block still have the support they did before Sarver appeared on the scene? Just how credible the Sarver bid, is this just the latest Bill Miller or Bill Ng? KJ: When Duff and Phelps were in charge, with Whyte and Green circling around, that was a very low level of professionalism and governance. It was only natural that lower level bidders would come in. Ashley is on a different level, a big time operator and Sarver is the American Ashley. He is very credible, he has significant funds behind him but the question is: why has he appeared now at the 11th hour? We’ve seen this happen before, the Blue Knights were almost home and hosed, until another possible investor parachuted in, causing all sorts of chaos. It is a very, very similar situation but that’s not to say that this guy equals Bill Miller, he is far more credible. The other important fact about Sarver is that he wants control, he’s not interested in taking a 30% stake and sitting back - he will not get involved unless he has outright control.
  11. pete
    Okay Guy's cut out the crap. Keep the debate on subject without the personal add-ons.
  12. pete
    I agree once he realises he is getting hit from all sides he may think if it is all worth it.
  13. pete
    Thomson couldn't afford a taxi home I guess.
  14. pete
    How many times would it take to hit a 1 inch nail through the widest redwood tree. Coast Redwoods Facts Tallest Tree: 379 feet Widest Tree: 26 feet
  15. pete
    Did I not read that it was David Robertson that had alerted him to it?
  16. pete
    Ian could you not have cut away the top bit.
  17. pete
    It would be an absolute dream to have 3 different rich investor groups working together to take Rangers back to past glories. Unfortunately it is still a dream for now. I am afraid King and Sarver will both want the leading role.
  18. pete
    King and an American working together will be quite a battle. Both pretty stubborn I would imagine.
  19. pete
    one more Question. Does all transfer money have to go through the SFA? If they are going to keep keeping money from us without a trial then we should take civil action. Unless we do owe them of course.
  20. pete
    To be honest if you buy flea's you can't expect to sell them as Butterfly's.
  21. pete
    Why are the SFA holding 250.000?
  22. pete
    The money for Lewis will already be syphoned away. If and when they go it will be like borrowing the wife;s car. The tank will be empty.
  23. pete
    If he is going I wonder how much he will be taking with him from the Lewis money. That is probably why he was so quick getting him out the door
  24. pete
    I hate plastic cups it would certainly put me off. I do however remember the 1980 cup final when bottles were flying down on us from our own support so I can see why they are needed.
  25. pete
    Some people just go to the football to moan and throw abuse at the players. They normally start just after kick-off. xxxxx your a f'n wanker! They go through the whole game with the same sort of slogans. I always see to get 1 in my vicinity during a game.
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