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chilledbear

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  1. chilledbear
    Rangers ??
  2. chilledbear
    You seem to support everybody that has done any damage to Rangers.
  3. chilledbear
    Not looking good, well beat here. Looks like high ball up the park all the time !!
  4. chilledbear
    Sorry to hear that BH, I thought Rangers would have been more important to you.
  5. chilledbear
    We will find out when it's too late.
  6. chilledbear
    Yet you are quite happy to let them run Rangers without your trust. With that laissez faire attitude to directors and boardrooms, I am glad you are not looking after my pension pot.
  7. chilledbear
    http://www.yorkshirepost.co.uk/sport/football/leeds-utd/new-leeds-owners-will-buy-back-elland-road-for-15m-1-6322034 BUYING back Elland Road for around £15m tops the list of priorities for Leeds United’s prospective new owners, the Yorkshire Post has been told. A consortium led by United managing director David Haigh is bidding to buy a 75 per cent stake in the Championship club. The group - which is believed to include Andrew Flowers, the managing director of current shirt sponsors Enterprise Insurance - have signed a share acquisition agreement with GFH Capital, the Dubai-based firm that purchased United from Ken Bates a year ago. Football League approval is now being sought as this buyout would be the second of the club in as many seasons. Providing there are no late hiccups, the Haigh-led consortium is expected to take charge early in the New Year. As revealed in this newspaper yesterday, re-signing former Player of the Year, Max Gradel, in the January transfer window is high on the list of targets for the prospective new owners. However, sources close to Haigh’s group have also made it clear to the Yorkshire Post that buying back Elland Road will be their top priority once at the helm. United’s home was sold to Manchester businessman Jacob Adler for a knockdown £8m price in November, 2004, as mounting debts threatened to drag the club under in its first year outside the Premier League. Ownership passed the following year to Teak Commercial Limited, a firm based in the British Virgin Islands. Included in the initial sale and leaseback deal with Adler - and something retained in the subsequent sale to Teak - was a buyback option that allows the club to purchase the stadium at a set price. That amount rises each October and today stands at £15m. Also subject to a raise of three per cent each October is the rent United pay to Teak, which this year will cost the club £1.4m. Since Elland Road was sold to Adler by the United board that was led by Gerald Krasner, United have paid around £11m in rent. Removing that financial millstone from around United’s neck will, the source close to Haigh’s group insists, be the overriding priority providing the expected takeover goes through early in 2014. Regardless of whether the club’s would-be new owners are successful or not in that quest, United’s tenancy in LS11 is secure thanks to the terms of the 2004 sale and lease-back arrangement - a deal in which the owner of a large asset, such as property, sells it and then immediately buys back from the buyer the right to use the asset under a lease for a fixed term at a pre-arranged rent. In United’s case, that agreement was for a 25-year lease that, once at an end in 2029, can be extended by a further quarter of a century. This means Leeds’ future at Elland Road is safe for at least the next 41 years. Haigh and his fellow would-be investors, however, are well aware that buying back the ground would be the clearest signal yet to supporters that the club is moving in the right direction. If they are successful in that quest, it will be the second time in a generation that United will have bought back their home thanks to improving financial fortunes. The first instance came in 1998 when Peter Ridsdale’s board paid £10m to Leeds City Council for the stadium, which along with the surrounding land had been sold 13 years earlier to the local authority for a quarter of that sum. Crippling debts of around £1.5m had forced the 1985 sale on the club. History then repeated itself in 2004, though by then the sums involved had multiplied dramatically. Krasner’s board had taken over Leeds in March of that year but relegation just a couple of months later hit United very hard. A fire-sale of players such as Alan Smith and Mark Viduka during that summer bought the club respite for a time but by the early months of the 2004-05 campaign it was clear Leeds were still in the financial mire. Debts that had, at one stage, stood north of £100m when the takeover went through had been slashed to around £25m. However, punishing repayments to Jack Petchey, a London-born businessman who had once been chairman of Watford and an Aston Villa shareholder, for a £15m loan taken out by Krasner and his fellow directors when buying the club had started to bite. After negotiations with a number of parties that included Sebastien Sainsbury and local businessman Norman Stubbs floundered, the United board was left with no option but to sell the club’s only two remaining assets of substance - Elland Road and Thorp Arch, the latter’s sale raising £4.2m. Once the two sales were concluded, the remaining debt of £9.2m to Petchey was cleared. United’s financial woes continued, however, and the club was subsequently sold to Bates the following January. At his first press conference, the former Chelsea chairman said: “It is our intention, in the fullness of time, to exercise those options and bring the land and stadium back where they belong.” Scarcity of funds, though, meant those wishes went unfulfilled with a bid to buyback Thorp Arch floundering at the 11th hour in 2009. Similar sentiments about purcahasing Elland Road were expressed by GFH Capital following their December 21 takeover last year but, again, nothing concrete came of the plans.
  8. chilledbear
    Semi-Final 7.45 Eurosport tonight v Netherlands.
  9. chilledbear
    I'd be fascinated to know why BH trusts the Board. What have they done to earn it ?
  10. chilledbear
    No matter what they do, it will be fine with some. I find it difficult to believe the mindset.
  11. chilledbear
    Auchenhowie the first to go then? Hope it's not those who hate us.
  12. chilledbear
    Give them time.
  13. chilledbear
    Enjoying it to my surprise.
  14. chilledbear
    by Shane Nicholson | Executive Editor We already know that certain shareholders are balking at accepting the UoF proposal to CEO Graham Wallace, but what about the moves of former CEO Charles Green? The CRO has learned Chuck was seeking out new CEO candidates in the US not long ago, and failing that has turned to shedding the Easdales' shareholding to the highest bidder. Beyond such maneuvers, it may be that he hopes to perhaps pick up another piece to add to his percentage that he has decidedly not offloaded despite all of Jack Irvine's reports. We wonder what Colin Kingsnorth of Laxey Partners and his "personal investment" might have to say about that. So why, yet again, is Charles hustling for this board? Why, much like in the weeks leading up to the AGM, when he was doorstepping investors, is he out doing the Rangers Road Show, supposedly on his own time? He has completely checked out, after all. We were told repeatedly. Why, Charles, are you over shilling fares that are (supposedly) not yours? Is this just part of your endless world tour you kicked off as part of your Look at me. I'm the CEO of Rangers! events from a couple summers back? Collecting plaques, not paying for dinners. We know the board blew their handshake guarantee to the UoF, the 24 hours. They said "give us a day" and still haven't responded. Is that so Chuck could get out and work his magic, offload a certain key party's shareholding on whoever would show up to take it? Obviously a massive coincidence that Club 9's John Prichard suddenly showed up recently talking about Rangers again after a long silence. So just what the hell is Charles Green doing peddling the Easdale shareholding in the US? Is it an owed favor simply because he never actually gave up his chunk to them as so many media outlets reported? Maybe it's to make the final payment on his French estate? More answers for a board and some non-board members – one who wishes to speak for the Club and business on his own whims – to answer for the largest shareholders in Rangers: The fans. http://www.thecoplandroad.org/2014/05/the-charles-green-road-show.html
  15. chilledbear
    So, over 200 purchased within 5 hours of going on sale. Certainly goes some way to showcasing the power that the fans actually have! From twitter.
  16. chilledbear
    Are there any elected board members on RF ?
  17. chilledbear
    I wouldn't trust this Board to get the best deal for the Club, so I'm out.
  18. chilledbear
    Thanks mate.
  19. chilledbear
    http://www.thecoplandroad.org/2014/05/shareholders-blocking-potential-peace.html by Alan Clark | Deputy Editor Key shareholders in Rangers Football Club are blocking a potential compromise agreement between the board and umbrella supporters' group the Union of Fans, the CRO understands. News broke in the media yesterday that representatives from the UoF had sat down at Ibrox for a meeting with chief executive Graham Wallace - and that the outcome of the meeting was Wallace had promised to take a proposal to sign a legally-binding agreement of protecting Ibrox Stadium to the PLC board for consideration. The UoF had made it clear in the meeting that they would require the same type of deal for the club's training ground, Murray Park, and that they would take any type of document to their lawyers for inspection. Today is the last day for season ticket renewals at the club, and the PLC board have still not returned with any such documentation to the Dave King-backed UoF. It is understood that there is a divide emerging in Rangers International's boardroom, as certain shareholders in the company have reiterated that they will not agree to any contract that protects the key assets being signed and shown to the supporters. If some director(s) are willing to reach a compromise for the supporters regarding Ibrox and/or Murray Park, yet some are not, questions will undoubtedly arise over who exactly is running the show at Edmiston Drive.
  20. chilledbear
    Any highlights going about ?
  21. chilledbear
    It used to be the biggest game of the Season, that and the Scotland v England game, some wonderful memories.
  22. chilledbear
    Those they represent ??
  23. chilledbear
    Scotland reached the semi-finals of the European Under-17 Championship semi-finals for the first time after coming from behind to beat Switzerland. Craig Wighton, Jack Sheppard and Ryan Hardie netted to secure a 3-1 win over the Swiss, who had led through Dimitri Oberlin. Scot Gemmill's youngsters will face the Netherlands in the last four. Portugal topped Scotland's group and will play England in the other semi-final. Scotland were behind at half-time following Oberlin's strike. But Wighton's shot on the turn levelled the score before Sheppard slid in to edge Gemmill's side into the lead for the first time. There was a suspicion of handball as Hardie went through to net Scotland's third but the goal stood. Switzerland won a penalty before the end but Fraser Mortimer saved Boris Bobic's effort from 12 yards. England completed their group campaign with a defeat by the Dutch. http://www.bbc.co.uk/sport/0/football/27433458 Who is Fraser Mortimer?
  24. chilledbear
    K Jackson was hinting at that last night.
  25. chilledbear
    Nothing to do with Wallace, he will have been told to meet with fans, now going back to give them their answer. A very expensive middleman.
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