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http://www.bbc.co.uk/sport/0/football/30134269 Sandy Easdale, chairman of the Rangers football board, sought assurances that boardroom changes would not force him out of Ibrox, Dave King has revealed. During discussions about a proposed £16m investment by King and a Rangers fans' consortium, he wanted reassurance that his position was safe. He was advised there was "no immediate intention to remove him or his brother [James] from the board". Sandy Easdale subsequently supported Mike Ashley's offer of a £2m loan. James Easdale is a non-executive director of Rangers International Football Club. A series of disagreements has broken out following the RIFC chairman David Somers' attempt to justify why the board accepted Ashley's offer ahead of the proposed investment from King and the consortium, and a £3m loan offered by Brian Kennedy. The latter has revealed that he was prepared to provide the loan at nominal or zero interest, and wanted Ibrox protected in a trust. Somers explained that the board opted for Ashley's loan, which has since been increased by an additional £1m, because it involved less interest and less security, Sandy Easdale also insisted in a strongly worded statement that he never agreed with the King consortium that they could provide proof of funding and the identity of all of the investors after shareholders agreed in principle to support the investment, which would have seen the group receive an equity share of RIFC and take control of the board. "I have grown tired of Mr King's antics," Easdale said, after offering his support to Somers' stance. This prompted a further response from King, who had already urged supporters to withdraw their financial support from the club on match days and in terms of merchandise. Ashley's Sports Direct already had a commercial arrangement with Rangers through the joint venture Rangers Retail Ltd. The terms of that have since been "normalised" and Sports Direct have entered a "partnership marketing agreement". Sports Direct have also given up the naming rights to Ibrox, but the company still retains "certain advertising rights". Around 10 administrative staff have been made redundant at Ibrox, including commercial and marketing employees. "It remains interesting that Sandy continues to take the lead on public company affairs," King said. "The truth is, when I spoke to Sandy on my recent trip to Scotland his main concern was whether, after investment by our consortium, he would still be able to stay involved with the club. "He indicated that Mike Ashley would look after him if he assisted Ashley in protecting his commercial rights. The new investment proposed by Paul [Murray], George [Letham] and I was seen as a threat to Sports Direct's desire to extend its influence over the Rangers brand in all its forms. "After discussion with Paul and George, I confirmed by email to Sandy that we had no immediate intention to remove him or his brother from board involvement at Rangers. "This concession was clearly not enough to gain his support and the board approved the inferior offer presented by Ashley. "Furthermore, in my meeting with the Rangers board I confirmed that I could give proof of funds within 24 hours of the board accepting our proposal in principle. I was never asked to do this."
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http://www.bbc.com/sport/0/football/30114815 Was one of my favourite players while at Ibrox and scored some big goals in big games.
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https://twitter.com/Herald_Editor/status/535213375333359618/photo/1
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Grant Russell @STVGrant · 2m 2 minutes ago Rangers football board chairman Sandy Easdale issues a statement through his PR man. "I have grown tired of Mr [Dave] King’s antics." Easdale: "For a bid to be rejected it has to be received first." Grant Russell @STVGrant · 47s 48 seconds ago Easdale: "I can only conclude that Mr King’s phantom bid was designed as vehicle for self-promotion of some kind." https://twitter.com/stvgrant
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Keith Jackson saying that Brian Kennedy will reply to Somers interview comments tomorrow.
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Being reported that first ten employees are going.
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http://www.bbc.co.uk/sport/0/football/30106866
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THE South African-based businessman brands Ibrox chairman "disingenuous" after being accused of failing to provide proof of funds. DAVE KING has tonight hit back at David Somers’ claims he failed to prove he had the finance to invest in Rangers – and accused the Ibrox chairman of being "disingenuous". Somers had earlier today insisted the South African-based businessman couldn’t provide proof of funds and that made it impossible for the board to accept King’s offer of investment last month. A proposal from King's consortium was considered along with another from former Blue Knight Brian Kennedy before Ibrox directors instead accepted a £2million loan from shareholder Mike Ashley last month. And in an interview with Sky Sports News, Somers said: "We had three people offering us funds and I felt it was very important we do proper due diligence on all three. "In the past Rangers has perhaps done deals it wouldn't have done if it had done proper due diligence. "Where (the King offer) fell down was really at stage one. When I said to all three of these people 'would you show me proof of funds?' two showed me proof of funds. The consortium did not. "The second question for the consortium was, 'I know there are eight of you, I only know three of you. Can I please have the other five names?' And the message I was getting all the time was 'if you agree to do deal, if you persuade 75 per cent of shareholders, then we'll show you funds and you can have the other names'. "When I said to all three of these people 'would you show me proof of funds?' two showed me proof of funds. The consortium did not. "It wasn't meeting the due diligence requirements – they were simple questions. I cannot go to shareholders when I don't know all the names, I can't check the names out and I can't put my hand on my heart and say, 'these guys have the money'. "In the end we had to move on to stage two which left two providers. "Then it was a simple case of which provider was offering the lowest interest rate – Mike Ashley was offering zero interest which is difficult to beat – and which provider wanted least security. Again Mike Ashley only wanted a small amount relative to the other deal. "Once we got to that stage it was a no-brainer which one we were going with." But King has claimed Sandy Easdale - chairman of Rangers' football board - agreed proof of funds and individual identities could be provided once the backing of shareholders was confirmed. He insisted Somers was "being disingenuous with his comments". A statement from King read: "We had private discussions with both (former chief executive) Graham Wallace and Sandy Easdale in which we told them that we would immediately provide proof of funding and details of the full make-up of the consortium following confirmation from Sandy Easdale that the shareholders whom he represents were prepared to support the terms of our investment proposal in principle. "Sandy Easdale agreed to proceed on this basis. Unfortunately he was not then able to provide the confirmation we asked for. There was no possibility of proceeding any further without the support of Sandy Easdale's group who had the power to block our proposed investment." http://www.dailyrecord.co.uk/sport/football/rangers-war-words-breaks-out-4650192?
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There was an interesting footnote to the Daily Record’s coverage of Ed Miliband’s attack on Mike Ashley over the latter’s penchant for zero hour contracts; commenting on the recent flurry of Police activity regarding the acquisition of Rangers by Craig Whyte, it read : “The warrant was issued on the day four men – David Grier, Paul Clark and David Whitehouse, who worked for Rangers administrators Duff & Phelps, and Gary Withey, who represented Whyte – were all detained by police in England acting on behalf of Police Scotland. They are due to appear in court tomorrow. Police Scotland, who are leading a joint operation with HMRC, said “inquires are ongoing” in to the whereabouts of Whyte.” What makes that footnote particularly interesting is that Police Scotland’s Specialist Economic Crime Unit are once again working jointly with HMRC. Some will remember that until recently the former were investigating the latter with regard to leaks of confidential information in the Rangers Tax Case although “they found no evidence that the leaks came from within HMRC”. Perhaps it’s unavoidable given the scope of the enquiry and the limitations on resources but does it not strike anyone else as peculiar that we now have a former suspect at the forefront of an investigation into our club? An agency which itself has been open to considerable criticism over their handling of the whole sorry mess, with serious questions being asked about their professional competency. We don’t need to do “conspiracy theories” when it comes to HMRC – the facts themselves suggest that there are considerable grounds for a government enquiry into their handling of the matter. The latest criminal developments only serve to add fuel to an already highly flammable topic. This after all is the same government agency whom:- 1. As per Keith Jackson’s Daily record expose` allowed Craig Whyte, a man they were already pursuing for tax related matters to the tune of £4 million, to assume control of a company and then fail to contribute PAYE for a period of 9 months and as a consequence forced the company into administration. http://www.dailyrecord.co.uk/sport/football/football-news/ex-rangers-owner-craig-whyte-being-3992415 2. Treated complaints from Rangers shareholders regarding breaches of confidentiality in the Rangers Tax Case as “speculation about alleged breaches of confidentiality” whilst the platforms for the foregoing breaches, The Rangers Tax Case Blog and the BBC Scotland documentary – “The Men Who Sold The Jerseys” were picking up various awards courtesy of the confidential information they had broadcast. 3. Despite the investigation aforementioned by Police Scotland, have failed to explain how evidence in the Rangers Tax case, of which they were custodians, ended up in the hands of BBC Scotland. The remarks and summation by Lord Nimmo Smith in his SPL Commission Report have not been forgotten by the Rangers support, nor will the matter be allowed to rest until a sufficient explanation is provided as to how or who was responsible for such leaks. The Rangers support will welcome the latest flexing of the long arm of the law, not only from the sense of seeing some modicum of justice, but also a means of providing answers, long overdue answers to some of the questions this particularly dark period has caused. I doubt all will welcome such developments. The latest actions by the law enforcement agencies confirm what many of us have suspected for a considerable time – that our club has been used as the vehicle for a fairly elaborate and complex fraudulent scheme and in every sense is itself the victim of the perpetrators. It will be interesting to see whether there is a determination within our club to seek recompense, financial or otherwise, in respect of those who sought to punish the crime’s victim. The tale which will unfold if only half the story however. The decision making process at HMRC and their conduct into the investigation of our club is the untold story. The latter is a story which needs to be told and only a full public enquiry will suffice.
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A minute's applause will precede Scotland's friendly against England on Tuesday in tribute to the Scotland fan who died following their victory over the Republic of Ireland on Friday. Nathan McSeveney, 20, died when he fell in a Celtic Park stairwell. Scottish Football Association chief executive Stewart Regan said: "We have all been extremely saddened. "It is fitting that Scotland supporters have an opportunity to pay tribute to one of their own at Celtic Park." The tribute was announced after consultation with McSeveney's family, from Cumnock in Ayrshire.
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After 3pm apparently for those on Sky Go or in the house! He's going to be explaining the Ashley loans... Comments: - David Somers claims Dave King consortium investment offer was breaching regulatory requirements so rejected them at 'Stage One'. - Somers claims 8 people were in King consortium but SA businessman refused to provide names and proof of funds. - Somers said that King was prepared to offer up 3 names before giving the rest if agreement made in principle. - Stage Two represented comparing Ashley and Kennedy bids whereby former was approved due to better deal on interest and security - Somers also claims Rangers make a lot of money from existing retail deal with Mike Ashley.
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From last week: http://t.co/aNmKNADMKG (PDF file) Collyer Bristow settlement confirmed within this. Also, BDO suggest there are £168.7m of unsecured creditors (including £94m noted for the HMRC monies (including the BTC).
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http://www.eveningtimes.co.uk/rangers/the-recovery-will-start-at-hearts-says-rangers-captain-mcculloch-188835n.25885771? McCulloch and his Gers team-mates were booed off the pitch by their own fans at Ibrox on Saturday after failing to beat the part-time Wasps. It was a terrible result ahead of the massive top-of-the-table showdown with the Jambos at Tynecastle this weekend It allowed Hearts, who beat Falkirk 2-1 away later that day, to pull six points clear at the top of the second-tier table. But skipper McCulloch, who thought he had snatched victory against Alloa with a second-half goal, is confident his side can beat the capital club. He was pleased with the way the League One champions responded to their 3-1 defeat at home at Hibs back in September. And the centre-half reckons Ally McCoist's side can get back to winning against Robbie Neilson's team despite Hearts being unbeaten in the Championship. McCulloch said: "We know the importance of the match. We were disappointed on Saturday and that has made it more important than it already was. "We are going to have to be ready. Tynecastle is always a hard place to go. But we are looking forward to it. "There is going to be a good atmosphere and we will be playing against a good Hearts team. They are very organised. "It is a chance to put right what we did wrong against Alloa on Saturday and I am sure we will be prepared. "We certainly responded to the defeat at home against Hibs in September. We managed to go on an eight-game winning run in all competitions. Hopefully we can do it again." McCulloch was at a loss to explain why Rangers failed for the second time in the campaign to beat Alloa, who equalised with a Liam Buchanan strike. "I honestly don't know what happened," he said. "We were scoring goals freely and keeping clean sheets at the back going into it. "We passed the ball all right at times and created some chances. But we didn't take them, simple as that. "We had a moment of madness after we scored our goal and we couldn't get back in the game." -
Calling all bluenoses and football memorabilia collectors... For the remainder of this month the Sportsman Bar Singapore will be hosting a charity auction to raise money for the cancer treatment of a dear friend. The Sportsman Bar Singapore has been the home of expat Rangers supporters for a number of years but shall be auctioning off much of its collection. Please have a look and bid for the items on the Facebook page at the address below. Happy shopping and thanks for your time.... https://www.facebook.com/events/717580138327725
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Calling all bluenoses and football memorabilia collectors... For the remainder of this month the Sportsman Bar Singapore will be hosting a charity auction to raise money for the cancer treatment of a dear friend. The Sportsman Bar Singapore has been the home of expat Rangers supporters for a number of years but shall be auctioning off much of its collection. Please have a look and bid for the items on the Facebook page at the address below. Happy shopping and thanks for your time.... https://www.facebook.com/events/717580138327725
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A super legend as a player but why is he allowed to still be manager....1 or 2 results could be swept under the carpet but the following shows he isn't the man. Peterhead 2-2 Rangers Berwick 1-1 Rangers Annan 0-0 Rangers Stirling 1-0 Rangers Rangers 1-1 Elgin Rangers 1-1 Montrose Stirling 1-1 Rangers Rangers 1-2 Annan Rangers 0-0 Stirling Montrose 0-0 Rangers Rangers 1-2 Peterhead Rangers 1-1 Stranraer Rangers 3-3 Stenhousemuir Raith 1-0 Rangers (cup final) Forfar 2-1 Rangers Rangers 1-1 Albion Rangers 1-3 Dundee Utd Brora Rangers 1-1 Rangers Ventura Fusion County (no laughing at the back please) 3-1 Rangers Rangers 1-2 Hearts Alloa 1-1 Rangers Rangers 1-3 Hibs Rangers 1-1 Alloa
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Have we really spent more than £20M on players wages over these three seasons? And for what, two minor league titles? Our manager is a disgrace, will leave it at that.
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I speculated that this was worth a thread on its own. Apologies if not, admin....merge it with Whyte Arrest warrant. However, it is a different revelation (though it may be connected, of course): "In a further development, The Daily Telegraph understands that while Wallace and Nash were still in their posts, documents related to the 2012 share issue were passed to the Serious Fraud Office for investigation. The SFO had no comment to make." It is tagged on here; http://www.telegraph.co.uk/sport/football/teams/rangers/11231964/Former-Rangers-owner-Craig-Whyte-issued-with-arrest-warrant-as-four-others-are-detained-by-police.html
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Teams: Marshall, Whittaker, R.Martin, Hanley, Robertson, Mulgrew, Brown, Maloney, Naismith, Anya, S.Fletcher Forde, Coleman, O'Shea, Keogh, Ward, McGeady, Hendrick, Gibson, McClean, Long, Walters
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THE Crown Office will today issue a warrant for the arrest of disgraced former Rangers owner Craig Whyte, the Daily Record can exclusively reveal. Whyte is wanted in connection with alleged fraud over his purchase of the Ibrox club in 2011. The sensational news comes after it was revealed that police forces in England, acting on warrants from Police Scotland, made dawn arrests today in connection with a long-running inquiry into Rangers. Four men were arrested at addresses in Thames Valley, Surrey and Cheshire. The first of the four is Paul Clark, London managing director of former Rangers adminstrators Duff & Phelps. The other three are former Duff & Phelps north of England managing director David Whitehouse, David Greer, a former partner in the business, and Gary Withey, a solicitor who worked with Whyte’s law firm Collyer Bristow. The arrests came at 6am today. Whyte, who has a flat in Monaco, is believed to be out of the country. It is thought the allegations over which the men have been detained centre on claims that Grier and Whyte were known to each other before Duff & Phelps were appointed as Whyte’s choice of administrators for Rangers in 2012. HMRC had at first opposed Whyte’s choice of administrators. Whyte bought the club from Sir David Murray in 2011 for £1 promising to wipe Rangers’ £18 million debt to Lloyds Banking Group. It later emerged he had sold future season ticket sales to London firm Ticketus to finance the deal. In 2013 financial industry regulators cleared Duff & Phelps of wrongdoing over the Rangers’ administration, though they said the company had left itself open to criticism. http://www.dailyrecord.co.uk/news/sc...-crown-4628861
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http://news.stv.tv/west-central/299623-four-men-detained-after-police-probe-into-sale-of-rangers-in-2012/ I'd like to remind people of their legal obligations in speculating over individuals and alleged criminal behaviour. -
Found this on twitter this morning - apparently this can be purchased from Burtons. https://twitter.com/theZhangx/status/533173253448417280/photo/1
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RANGERS are set to make a January move for Inverness Caley Thistle defender Graeme Shinnie. Ally McCoist hopes to tie up the full-back on a pre-contract deal that will let him make the switch from the Caledonian Stadium to Ibrox next summer. The Rangers manager is a long-time admirer of Shinnie, and knows he would be an ideal replacement for Lee Wallace if the former Jambo is sacrificed for financial reasons or, alternatively, is tempted down south. The 23-year-old has been a big part of Caley Thistle’s success story, but this week he turned down the offer of a new deal at the Highlands club. Clive Hart, the player’s agent, confirmed: “I have told Inverness that Graeme will be leaving the club. We have turned a new contract offer down.” However, the Light Blues aren’t the only admirers of Shinnie, with Aberdeen credited with an interest last summer that was brushed aside by Caley Thistle. But the Dons could go back in for the defender and may even offer Inverness hard cash – something Rangers are unlikely to be able to do in January – to get him on board quickly and ahead of the summer, when he can move for nothing when his contract expires. http://www.express.co.uk/sport/football/535307/EXCLUSIVE-Rangers-want-Caley-Jags-defender
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Strapped in for yet another transfer window? Well, here we go! Graeme Shinnie (Left-back, 23, Inverness Caledonian Thistle) Max Power (attacking midfielder, 21, Tranmere Rovers) Express Graeme Shinnie on wiki -
http://www.dailyrecord.co.uk/sport/football/football-news/ibrox-hate-figure-brian-stockbridge-4625845 Rears his head.. Sorry, on mobile... Hence lack of copy and paste
