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  1. I am seeing a rumour that Dave King has purchased Artemis shares "Dave King has purchased just under 12 million shares from Artemis. Equates to 14.57% of club."
  2. Dave King bought a massive chunk of Rangers last night and then told supporters of the long suffering Glasgow giants: I told you I wouldn’t let you down. South-Africa based tycoon King has snapped up a near 15 per cent stake in Gers, after spending £2.5million to purchase the shares held by Artemis and Miton. And King revealed: “Despite being rebuffed by the current board I have never given up and will continue to pursue the commitment I made to the Rangers fans. I said before that I am not going away and this shows I am not.” Castlemilk-born King’s powerplay comes less than a week after George Letham’s Three Bears consortium bought Laxey Partner’s 16 per cent holding. Factor in the ten per cent held by Gers fans — as well as the two per cent owned by previous bosses Walter Smith and Ally McCoist — and the group as whole now command a 45.8 per cent shareholding in Rangers. Both moves are understood to have caught the current Ibrox regime cold. Insiders believe it could spell the beginning of the end for a board of directors so despised by Gers fans, with thousands of supporters boycotting home matches to show their anger. King added: “The current board will never be accepted by the fans.” Johannesburg-based King now plans to return to Glasgow in the coming weeks when the stakeholders could call for an EGM at Ibrox. King said: “I am considering my next steps and must consult with all stakeholders. “I will be back in Scotland in a few weeks for meetings.” It’s believed Laxey, Artemis and Miton made their decision to bail out amid concerns over Rangers’ chairman David Somers conduct at last month’s explosive AGM. The Ibrox share price has been in freefall for months with King snapping up his shares for just 20p yesterday. Asked if he felt under-fire Somers should go, King said: “He should remove himself.” After three years of turmoil, King believes his purchase, coupled with the earlier move by the Three Bears, could prove hugely significant as the businessmen look to rebuild the Light Blues. King added: “I am, once again, hopeful about the future of Rangers. I have never given up and will continue to pursue the commitment I made to the Rangers fans. As I said before.” http://www.cfclatest.com/2012/01/03/king-tells-fans-i-said-id-be-back/
  3. That McCoist will be given his job back as manager? The thought of it fills me with dread
  4. Andy Nicol ‏@AndyNic9 Highlight of day at Scotstoun was bumping into Ally McCoist. Great to see him smiling again! #loveshisrugby Daily Record Sport ‏@Record_Sport Not exactly gardening weather, Ally McCoist instead spent his first Saturday off at the Rugby!
  5. The last few years have been a miserable experience. Truly depressing. Both on the park and off it. Today over 30% of the club is now owned by Rangers men. As such I feel we are saved and this really is a momentous day. Instead of having cantankerous leeches running us who treat us with utter contempt, we now have honourable bears running the club who will bring us back to where we belong. I said recently that competency was all I wanted in the board room. To have competency and Rangers fans controlling us is all the better. What has been most disparaging for me has been the rather disgusting and ignorant attitudes displayed by many of our fans. There are certain people being paid by the board to cause trouble, yet we have seen entire online communities buying into it out of their own free will. It has really been absolutely bizarre. It reminds me of Doublethink in George Orwell's 1984. We as a fan base have been persecuted but a repulsive element of our support has been exposed. I will not forget any of this but I'm just delighted my club has been resurrected. So farewell the Easdales, Llambias, Somers and all the rest of you rancid, repugnant individuals. We are Rangers, super Rangers.
  6. http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB00B90T9Z75GBGBXASQ1
  7. Guest

    Reds Fan In Peace

    Hi to all Rangers fans and a happy new year! Well. I've woken up today to find that we've signed one of your lads, Lewis McCloud and I think I'm delighted. But I know little about him and so wondered if you could give us a few pointers on what to expect? I understand he plays midfield which is a little strange as that is one area I would say we don't need to strengthen. I'm guessing we've bought him as cover with a view to developing him for the future. But if called upon, is he ready for the Championship in your opinion? I've read that a couple of lower league clubs (namely Shrewsbury Town and Leyton Orient) were in for him but were put off by the asking price (reported here as around £400k). Interested to hear your views on Lewis. Brentford is a progressive club and a good place for up and coming players so it seems a shrewd move by McCloud, the Reds seem to have signed a promising young player for the future and Rangers have a few bob in the bank so hopefully this will prove to be a good move for all concerned. Good luck for the rest of the season!
  8. The Second Official Semi-Annual Gersnet Dinner (with Special Guest Star Dave Smith) will be held at Malaga Tapas, 213-215 St Andrew's Rd, Glasgow G41 1PD http://malagatapas.co.uk/ at 5.30pm on Saturday, 6 December 2014 (subject to alteration if the Rangers v Cowdenbeath fixture is moved). Rangers Hall of Fame Legend, Dave Smith, who played in our second and third Cup Winners Cup Finals, has kindly agreed to give a short talk on THE ROAD FROM NUREMBERG TO BARCELONA and will answer questions thereafter. (Edit 21/11/2014. Now that we have exceeded 20 persons we will have private use of the new café next door to the original restaurant. The owner, Cristobal has obtained a special licence for the event.) All the other arrangements will be the same as last time. The price of the dinner itself will remain at £18.00. However, in order to cover the cost of Dave’s dinner, the final price will be £19.50. The sharp mathematicians amongst you will note that this is based on a “minimum” of 12 people attending i.e. the same as last time. If we get less than 12, then those present will have to make up the difference; if more than 12, then the balance will go into the drinks kitty. The dinner price really only covers the standard Malaga Tapas deal, which is for 3 tapas per person and a dessert of your choice; however, in our case it will include a primer plato of meats and bread and choice of paellas after the tapas. Again, as last time there will be at least 6 different tapas, x3 per person and three different paellas. If anyone has any particular favourites on the menu http://malagatapas.co.uk/menu/ please post and Cristobal will do his best to oblige. I don’t think anyone will go hungry. To quote GS “Never seen so much food as was at Malaga” Deposit & Payment Whilst it would be easier if everyone paid the full amount up front, I am happy to take a £10 deposit p/p by the end of this month and the balance whenever it suits before the event. For those who were there last time, the bank details are the same. Newcomers pleased PM me and I will supply the bank details. When making any payments please use your Gersnet nom de plume as a reference and PM me a confirmation with your full name and a contact telephone number. (I lost most of the details I had when my phone went into sick bay.) I am very confident that with your support we will build on the success of the first dinner.
  9. Thought this worth sharing from FF: "Lifted this from another forum, some things we didn't know about players, training etc!! Training seems like a hoot! http://www.hat-trick.fr/sebastien-fa...st-jimmy-bell/ You’ve been here for two years now. What does “Rangers” mean to you? (After a long time spent thinking) Well it’s easy to say this and a bit of a cliché, but it’s a religion. There’s football here which is one thing, but then there’s Rangers, the fans, and everyone else associated with the club, it’s amazing…even after the club was relegated to Division 4, people kept their jobs at Ibrox or at Murray Park. And they are just so proud to work here, and they so proud to say “I work for Rangers”. When you are a professional player, you tend to move from club to club, it’s part of the job. It’s not easy to really absorb the culture and ethos of a club, apart from those who stay for years and years and really become ingrained in the fabric of the club, like Lee McCulloch. Sometimes, the supporters shout at you or get angry. But you can’t let it get to you, you can only do your talking on the pitch. They’ve had so much good football over the years that I think they sort of have a right to be angered, to be honest. In any case, playing at Ibrox is far from easy. There’s so much pressure. You can be winning 2-0, but if you misplace just one pass you’ll be whistled. I mean I heard a few boos at the Gerland (Lyon stadium), but never like the one’s you get here sometimes! (laughs) Did it take you long to learn what it meant to play for a club like Rangers? What did you expect when you came over? No, I didn’t expect it to be honest. I knew Rangers were a massive club, but I didn’t know how they were perceived by the other Scottish clubs. The Glasgow clubs really are hated by the other Scottish clubs. It’s incredible! What’s more, you have to understand that I was a but unsure about coming over here in the first place. I said to my agent: “You’re kind, but I’m not sure if I want to be dropping down to play in Division 4 in France” and he said “It’s Division 4 in Scotland”. He said: “Seb, please, just go over for a few days, check out the facilities and the stadium, you’ll soon change your mind.” On the first day of my trial I trained with the reserves, and it went well. That night, I went to see the first team play in the League Cup again East Fife. It was a Tuesday night, we won 4-0 and almost 40, 000 fans were there. It was…mad, just mad. I called up my agent and said: “If you can sort it out for me, I really want to stay here!” Everything you do and say is reported on and scrutinised at a club like Rangers. Has the press had an influence on the atmosphere at the club? First of all you need to understand that the press and its reporters here are a million times worse than in France! I’m sure I’ve seen the word “crisis” used to describe our club just about every day of the year, even when we win. Taking this into consideration, I do think that it’s had an influence. I must say, not on me personally. To be very honest, I don’t read the papers, apart from when they discuss politics or cover stories from France. But at the level of the club more generally, they have definitely had an influence. Ten days ago, an old team mate of McCoist’s, John Brown, said to the Sun: “You are a disgrace!” The coach brought us the article and he had an argument with Kenny Miller. After we got beaten by Hearts, apparently Miller had called up a journalist wanting to speak to him to tell him the manager had made some bad decisions, although it turned out that he hadn’t. McCoist got so angry: he threw the paper, he stamped on it, he was shouting and screaming! It’s the first time I’ve ever seen him like that. Blacky brings the Sun in every morning, and we read it. McCoist reads all the papers every morning in his office at Murray Park, which by the way is enormous (laughs). I think that its mainly at the level of the club staff that the papers have an impact. In your eyes, who represents the soul of the club? Jimmy Bell the kitman. He’s been here since 1972, I think. It’s amazing that he was taking care of McCoist and Durrant when they were players, and now its them who are in charge. It’s an amazing story and an amazing history, one which you wouldn’t get at many clubs at all. Jimmy’s got his own room in Ibrox where he displays all the Rangers kits and all the Rangers photos that he’s collected over 40 years. In his office at Murray Park, there’s a room, which we are forbidden from entering (laughs), which has all of his souvenirs, his trophies…it’s his very own museum! When it looked like they might be re-possessing Ibrox, he had to pack up all his stuff because he was scared that it would be taken off him. He is really the soul of the club, its him, its Jimmy. He’s a great guy, even if he’s always sulking. You need to get to know him…I remember when I arrived on trial, I didn’t speak English. “You don’t speak English, ****ing French!?” he said (laughs). But I mean really nasty to me! But nowadays, along with Bilel, he tells us loads of stories, loads of jokes. He’s really a top guy, he’s golden. I’m trying to help our readers understand the complete devotion that Rangers inspires in people. To give us more of an insight, is it true that one of the players has got the logo of the club tattooed on his calf? Yeah its Danny Stoney! He’s a good lad who we’ve loaned out to Stranraer. He’s got a tattoo that’s blue, with red around it, and five golden stars in the middle. It’s amazing, simply amazing. When I was at Lyon, even though I was also a Lyon fan, I would never have got a Lyon tattoo. It would never have crossed my mind! It’s just a different type of relationship to the club here. At Lyon, if I’d have got a club tattoo while I was at the academy I’d have had the piss taken out of me! “Suck up!” they’d have said. Here, it is praised! But by contrast, at Lyon if you change your hairstyle or your clothes, people will talk about it. Here, no one cares! The outfits people wear here, and I’m talking about the players, are just….Take Lee Wallace for example, I’ve never seen him wearing jeans (laughs)! At Lyon, you dress well to be stylish or whatever, but here, not at all.
  10. KENNY McDOWALL fears Lewis Macleod’s departure to Brentford could trigger the start of an Ibrox transfer-window exodus. The caretaker Rangers boss lost his prize asset yesterday when the young midfielder signed a three-and-a-half-year deal with the Championship outfit. But with an entire team of players out of contract in the summer and free to speak with interested parties from today, McDowall is worried his promotion push will be undermined by further sales. The Ibrox interim manager, who had no say in Macleod’s £1million move south, was gutted to lose him. When asked if he feels the 20-year-old is much better than Brentford, McDowall said: “I absolutely think so – but that’ll be down to Lewis, whether or not he fulfils his potential. “He has a lot of experience for a young lad and that will stand him in good stead. “I was told he was going for a medical, that was as much as I heard. That’s the beauty of the window. It’s the month from hell. “It’s generally not a good window with most teams wanting to keep their best players. Unfortunately we are not capable and are not being allowed to. “I will just have to wait and see what else happens. It’s outwith my control.” Lee McCulloch, Steve Simonsen, Kenny Miller, Kris Boyd, Kyle Hutton, Richard Foster, Lee Robinson, Stevie Smith, Bilel Mohsni, Ian Black and Jon Daly are all out of contract in June. And McDowall will seek urgent talks with chief executive Derek Llambias and football board chairman Sandy Easdale to address the situation. He said: “I’ll need to have meetings pretty sharp with Derek and Sandy. They’re free to speak with people so we’ll need to address that.” Given the uncertainty, kids Callum Gallagher, Craig Halkett, Tom Walsh Robbie Crawford and Kyle McAusland have all been brought back to Gers from their loan spells. Subject to international clearance, Macleod will become a Brentford player when the window officially opens on January 3 but will not be eligible for the FA Cup clash with Brighton. Bees boss Mark Warburton said: “I’m delighted to have secured such a young talent as Lewis. He’s had an outstanding season and will be an excellent addition.” http://www.dailyrecord.co.uk/sport/football/football-news/rangers-boss-kenny-mcdowall-lewis-4900649?
  11. rbr

    2015

    Going to keep this quick , All the very best to all gersnetters , heres to a royal blue 2015 , and absent friends
  12. Newcastle owner Mike Ashley has launched the search for a new manager with Alan Pardew’s departure for Crystal Palace imminent. The sportswear tycoon and Rangers shareholder, currently on holiday in Barbados, had already put the wheels in motion amid fevered speculation over the identity of the seventh permanent boss to occupy the St James’ Park hot-seat during his seven and a half year reign. Many of the names thrown up by the rumour mill have already been discounted by sources on Tyneside with current skipper Fabricio Coloccini and former York boss Nigel Worthington at the top of that list, while former Palace manager Tony Pulis and ex-Tottenham boss Tim Sherwood are also understood not to be in the running. Managing director Lee Charnley is the man conducting the search on Ashley’s behalf, although the club is unlikely to make a snap decision and it is understood Pardew’s assistant John Carver and first-team coach Steve Stone will oversee team affairs for tomorrow’s Premier League fixture against Burnley and the FA Cup third round trip to Leicester two days later. Carver, who will be without striker Papiss Cisse for three games after he accepted a Football Association violent conduct charge for elbowing Everton defender Seamus Coleman on Sunday, could be considered an outside candidate for the job on a permanent basis, although current Hull manager and fellow Geordie Steve Bruce may have stronger claims. There has been popular support for the club’s football development manager Peter Beardsley, while St-Etienne boss Christophe Galtier has been linked with the club on several occasions. However, Ajax manager Frank de Boer has ruled himself out and Ashley’s unwillingness to pay compensation makes a move for Derby’s Steve McClaren, who signed a three-year deal in August, unlikely. Pardew continues to thrash out personal terms with Palace as the Selhurst Park club search for a replacement for the sacked Neil Warnock. Newcastle granted Pardew permission to speak to Palace on Monday night after the Eagles agreed a compensation package with the St James’ Park hierarchy. Pardew is expected to double his salary in securing a move back to the club he served as a player between 1987 and 1991. Both Pulis and Sherwood, meanwhile, have been heavily linked to the vacancy at West Brom as they look to appoint a new head coach after sacking Alan Irvine on Monday night. The Baggies said in a statement that they “expect to be able to name Irvine’s successor by the weekend” – when they face Gateshead in the FA Cup. Assistant head coach Rob Kelly, along with Keith Downing, will be in charge of the Baggies for their New Year’s Day trip to West Ham. Irvine left after just six months in charge, with Albion 16th and a point above the bottom three following Sunday’s 2-0 loss at Stoke. The Scot had vowed to fight for his future after the game, but the Baggies opted to place the 56-year-old on gardening leave. http://www.scotsman.com/sport/football/english/mike-ashley-starts-hunt-for-next-newcastle-manager-1-3647717
  13. BRENTFORD are ready to spark a January transfer scramble for Rangers star Lewis Macleod. SunSport understands the Championship side are poised to make a £1million move for the Ibrox kid. And that could see a host of English clubs enter the bidding for the Scotland squad member. Macleod has caught the eye of Championship promotion hopefuls Bees. Rangers legend David Weir is No 2 there and is fully aware of the 20-year-old’s potential. But several other English clubs, including Premier League strugglers Burnley, are keen on the midfielder. Blackburn were also set to make a bid before being hit with a transfer ban.
  14. ...after Mike Ashley loses key ally in his quest for Ibrox boardroom coup. Battle for power at Ibrox sees significant shift after Three Bears consortium acquires the largest single equity block in the troubled club. By Roddy Forsyth 6:17PM GMT 31 Dec 2014 Mike Ashley has lost the ally whose support was crucial to his boardroom coup at Rangers. The significant shift in power at Ibrox came on a day of share trading which saw the Three Bears consortium acquire the largest single equity block in the beleaguered club. The consortium’s purchase of 13.29 million shares from Laxey Partners ends a two-year long involvement at Ibrox by the hedge fund, which is registered in the Isle of Man. The Three Bears – wealthy supporters Douglas Park, George Letham and George Taylor – have also tabled an offer of £6.5 million to underwrite a share issue designed to raise £8 million and head off an imminent funding crisis. Without Laxey, Ashley could not have removed Graham Wallace, the former chief executive, and Philip Nash, the former finance director, in the coup that gave the Newcastle United owner effective control of the Rangers board. Wallace and Nash were the only two members of the five man plc board – the others were chairman David Somers, James Easdale and Laxey nominee, Norman Crighton – who had prior experience as executives at football clubs. Wallace and Nash judged that it was not in Rangers’ financial interest to accept an offer from Ashley in September of loan funding in return for control of such assets as the club’s crest and trademark. Ashley took his revenge by purchasing shares privately to increase his stake in the club to 8.92 per cent, having pulled back from underwriting an August share issue designed to ease Rangers’ cash flow. When the next financial shortfall became apparent, Ashley made his move – detailed by Telegraph Sport on October 8 – by demanding an extraordinary general meeting to remove Wallace and Nash. To succeed, Ashley required the support of Sandy Easdale, the football club chairman, whose personal stake of 6.21 per cent of shares was added to his position as proxy for others, including Blue Pitch Holdings and Margarita Funds Holding Trust, to give him control over a block of 27.15 per cent of the shareholding. Along with Ashley’s shareholding, this amounted to 36.07 per cent, well short of the majority required to win the vote at an EGM. However, with the support of Laxey, Ashley could command 52.39 per cent to ensure the removal of Wallace and Nash. At first Laxey – led by investment bankers, Colin Kingsnorth and Andrew Pegge – supported the two executives. With Crighton on the board, the anti-Ashley faction held a 3-2 majority. It was at this time that Somers sent the now notorious email revealed by Telegraph Sport last week. In the email, Somers pleaded with an Ashley representative to keep Ashley’s takeover bid on track, because the board was minded to favour a rival offer from former Rangers director Dave King, whose success would put an end to the chairman’s tenure. However, Telegraph Sport can also disclose that Crighton went on holiday later on October and, in his absence, pressure was put on Laxey to support Ashley’s offer of £2 million emergency funding (later increased to £3 million) in return for two board seats, which became available when Wallace and Nash were removed. Crighton, the last of the old board, resigned on December 10. At the turbulent annual general meeting staged at Ibrox on December 22, at least one major shareholder – thought to be Laxey – voted against Somers’ re-election as chairman. Acquisition of the Laxey block has put the Three Bears in a position of significant strength at Ibrox and the consortium is now the largest single holder of Rangers shares. While Sandy Easdale is still allied with Ashley, he and the billionaire owner of the Sports Direct retail chain – through which Rangers’ merchandise is sold – control 27.15 per cent of the club’s equity. That is sufficient to give the pair right of veto on important issues, but a power shift has occurred – and for the first time in recent months, it does not favour Mike Ashley. It also raises questions about representation on the board because Laxey had one director, while Ashley – with a little more than half the equity of the Three Bears – has two. Another issue is the viability of Dave King’s £16 million debt-plus-equity offer, rejected by the Rangers plc board in October. The South African businessman has maintained is still on the table but two of the Three Bears – Letham and Taylor – were also members of his consortium. Telegraph Sport understands that there could yet be an alliance of the two groups, should the Three Bears' underwriting offer be accepted. http://www.telegraph.co.uk/sport/football/teams/rangers/11319782/Rangers-power-struggle-takes-new-twist-after-Mike-Ashley-loses-key-ally-in-his-quest-for-Ibrox-boardroom-coup.html
  15. BBCBMcLauchlin ‏@BBCBMcLauchlin 1m1 minute ago George Letham, George Taylor and Douglas Park offer Rangers £6.5million alternative to Mike Ashley investment#bbcsportscot
  16. They say a picture speaks a thousand words....... Rangers manager Kenny McDowall (Copyright: 2014 Willie Vass)
  17. http://www.telegraph.co.uk/sport/football/teams/rangers/11312941/Rangers-chairman-David-Somers-could-face-probe-by-Stock-Market-regulators-for-his-role-in-Mike-Ashley-bid.html Rangers chairman David Somers could face probe by Stock Market regulators for his role in Mike Ashley bid David Somers feared a successful rival bid by David King would mean the end of his chairmanship and also ensure the departure of the Easdale brothers Stock Market regulators have been asked to investigate the conduct of Rangers chairman David Somers during the battle for control at Ibrox between Mike Ashley and Dave King. The move follows the Telegraph’s disclosure of an email from Somers to Mike Ashley’s representative, Justin Barnes, over the proposed terms of a Sports Direct contract which the Rangers chairman feared would tip his fellow directors into supporting a takeover bid by King, a former Ibrox director. In the email, Somers expressed his fears that a successful bid by King would mean the end of his chairmanship and would also ensure the departure of Sandy Easdale, the Rangers football board chairman, and his brother, James Easdale, a Rangers plc director. Somers also threatened to vote for a Stock Exchange announcement to the effect that Rangers would terminate the Sports Direct contracts by which the club’s merchandise is sold through Ashley’s retail chain. In response to the Telegraph’s revelations, King told BBC Scotland: "His actions could be considered a breach of the Companies Act. It would seem from the email that Somers didn't like Ashley's initial proposal, yet that was the option the board finally went for. "It also seems that Somers was prepared to threaten to cancel Rangers' retail agreement with Sports Direct to prompt Ashley to provide an alternative that would protect the positions of himself and the Easdales. Ashley owns less than 10 per cent of the shares, but now seems to control the club.” King – who is based in South Africa - assembled a consortium which proposed a £16 million debt and equity takeover deal. This was rejected by the Ibrox board after Ashley refused to meet King during his visit to the UK in October. Somers has stated that, although King claimed that his consortium had eight members, not all of their identities were disclosed to the Rangers directors. Somers has also insisted that, finally, the choice for a board whose club was close to running out of cash was to accept the offer of a loan from either Ashley or Sale Sharks owner Brian Kennedy. In the event, the chairman has said, the vote went in Ashley’s favour because the Newcastle United owner offered better terms. However, the Telegraph understands that the contents of the email between Somers and Barnes has perturbed the Scottish Football Association, which announced on Wednesday that it had rejected Ashley’s proposal to increase his Rangers shareholding to 29.9 per cent, which would give him almost total control of the beleaguered club. The request was made in person by Derek Llambias, Ashley’s lieutenant, who was appointed as Rangers’ chief executive last Friday – days after disciplinary charges were brought by the SFA stating that the billionaire businessman had exceeded the terms of an undertaking limiting his influence at Ibrox. The SFA’s refusal has cast serious doubt over the viability of a share issue due to be launched by Rangers in order to raise £8 million needed to meet the club’s financial needs for the next year. Had the SFA agreed to Ashley’s request, he would have underwritten the equity issue but it is now unclear how it will go ahead, if indeed it does go ahead. There are also questions to be answered about why votes were cast by board members against their own proposal, at Rangers’ annual general meeting on Monday, for an open share issue, rather than one principally confined to existing investors, such as Ashley. Meanwhile, one Rangers shareholder has written to the AiM investigations office, as well as the club’s LSE nominated adviser (NOMAD) and Ian Davidson, the MP whose constituency includes Ibrox, asking them to probe Somers’ conduct. The shareholder wrote: “On Tuesday 23rd December, the Telegraph newspaper online carried a story by journalist Roddy Forsyth, regarding an e-mail sent by the Rangers International Football Club Chairman David Somers to members of the board and surprisingly non-members, including a representative of Sports Direct - Justin Barnes. “The e-mail not only indicated the Chairman’s preference for investment by Mike Ashley of Sports Direct, it actively encouraged this investment, in order, it seems, to secure the Chairman’s position and that of other board members and strangely enough a non-member (one Sandy Easdale), who seems to be party to PLC Board internal communications and - if the e-mail is to be read correctly - acting as a shadow director. “A major concern for shareholders such as myself is, does activity such as this construe a “Concert Party” arrangement between board and non-board members with regards to overall boardroom influence?” The shareholder goes on to ask if Somers’ email is in breach of AiM and corporate governance practice and if it triggered a legal threat from Ashley to the Rangers chairman and/or other directors. The Telegraph understands that other Rangers shareholders are prepared to add their complaints to that already lodged with the financial regulators. All of which compounds the stormy backdrop against which caretaker manager Kenny McDowall – who was ordered by Llambias to take charge of the team after Ally McCoist was placed on gardening leave – must prepare the Rangers players for a tough fixture against Hibernian at Easter Road on Saturday. Rangers have lost twice to Hearts and once to Hibs and Queen of the South, their principal rivals for promotion to the Scottish Premiership. They now trail Hearts by 12 points and currently they look set, at best, for the Scottish Championship play-offs – with 12 Ibrox players out of contract at the end of the season.
  18. From SoS On a happier note, i hear that James Easdale may be thinking his time at Rangers should be up as he is sick of the hassle, Now I am not condoning hassling directors but every cloud and all that......
  19. He's a COWARD, he doesn't like a 50-50 and tackles from behind. SCOTTISH football journeyman and no stranger to a hard tackle, Chic Charnley has lashed out at Rangers bad boy Ian Black. CHIC CHARNLEY didn’t need to take lessons when it came to being one of Scottish football’s bad boys. He was sent off 17 times in a tempestuous career that began in 1982 and finished in 2003 when he made his final SPL appearance for Partick Thistle 18 days short of his 40th birthday. Rangers midfielder Ian Black has been booked 33 times and sent off twice in his 101 games for Rangers but, according to Charnley, their disciplinary record is about all they have in common. Charnley, right, was as hard as he was skilful but has no time for Black, whom he regards as being deficient in both departments. The 29-year-old was hooked by interim manager Kenny McDowall just 34 minutes into the 4-0 defeat by Hibs at Easter Road after a booking for a scything foul from behind on Scott Allan – a challenge that sums him up so far as Charnley is concerned. He said: “Black is just a coward. His fouls are either from behind or the side or they’re late – you don’t see him going in for many 50-50s. “On the other hand, he always seemed to be complaining about the rough treatment from other players in the lower divisions but if you dish it out then you need to be able to take it. “I know Kenny McDowall well from playing alongside him for St Mirren and I know what he’s like – he wouldn’t have missed Black in the dressing room especially after he kicked the dugout after being taken off. “That sums up Black’s attitude. I’ve never rated him as a player anyway but I particularly dislike the way he struts about the pitch as if he is somebody. “He should never have been at Ibrox in the first place. I know Ally McCoist’s hands have been tied since they went bust but, even now, he isn’t good enough to play for them. “He would never have got near the squad for any of the teams Coisty played in.” Sky pundit Andy Walker was also critical of the foul on Allan, which forced McDowall to sub the player before he was red-carded. Walker said: “That’s not the way to show that you’re brave. It’s typical of Ian Black. The jersey seems too heavy for him. “He can’t be trusted – he can’t keep his composure.” Charnley also believes the former Inverness and Hearts man should have been binned when it was revealed in August, 2013 that he had been caught betting against Rangers in a game he had played in. He said: “How can you do that? His feet shouldn’t have touched the ground when that came out. “Listen, we all used to put a coupon on at the weekend when I played but it wouldn’t have crossed anyone’s mind to bet against your own team. “I know football has changed but if anyone in John Lambie’s team had been caught doing that he’d have had them up against the wall by the throat. “As for my record, I did some daft things and sometimes my reputation preceded me but I was still playing at 40 because I loved the game. “Black’s contract with Rangers is up at the end of this season and if they let him go – and I’m sure they will – I don’t think anyone will want to sign him.” Charnley played for 12 senior clubs in Scotland, England, Ireland and Sweden but never made a secret of being a lifelong Celtic supporter. But he takes no pleasure in the plight of the coaching staff at their rivals. He said: “Ally had to deal with a lot of stuff that no one else ever had to contend with. “Kenny is a good pal of mine and I know he’ll be hurting – my heart goes out to him. “I really feel for Ian Durrant, too. The people running that club have no class and they’ve proved it by the ridiculous way they’ve treated him. “They’ve demoted him to youth team coach in an attempt to force him out. It’s a liberty. “However, once this whole episode is over and done with, I have no doubt that the three of them can manage another club and be successful.” http://www.dailyrecord.co.uk/sport/football/football-news/chic-charnley-slams-rangers-hot-4891416
  20. FORMER Rangers owner Sir David Murray and other directors will face no further action over the liquidation of the club's operating company, it has emerged. Former Rangers owner Craig Whyte is the the only former Ibrox executive to face legal moves to ban him as a director over the company's financial meltdown. Mr Whyte was banned from being a company director for 15 years in September after a judge heard his conduct in dealing with Rangers was "shocking and reprehensible". Whyte was previously banned from being a director for seven years. A second ban was sought by UK Business Secretary Vince Cable after Rangers' liquidation in 2012 and the subsequent liquidation of Whyte's firm, Tixway. The role played by all board directors of the club in the three years prior to the administration in of Rangers Football Club plc was looked at by the Insolvency Service's Investigations & Enforcement Directorate. The conduct of Sir David Murray, Rangers legend John Greig, former chief executive Martin Bain, former director Dave King and chairman Alistair Johnston all came under the microscope - but it is understood no further action is to be taken against anyone else. The Insolvency Service had two years from the point of insolvency in February 14, 2012 to start proceedings. But action has only been progressed against Mr Whyte over that period. The legal move to disqualify Mr Whyte came after a confidential report was submitted to the Department for Business Innovation and Skills by the Insolvency Service's investigators within six months of the club's operating company going into administration. The Secretary of State then decided it was in the public interest to seek a disqualification order over Craig Whyte only. Action can be taken against directors if their conduct has not been satisfactory leading to the disqualification of directors for periods of between two and 15 years. After the two years has expired, disqualification proceedings can only then be made against further individuals with a rare special application to the court and agency insiders say there has to be a "strong argument". However it is understood that there no such application has been made. That means that Mr Whyte is the only executive to face action over conduct from the liquidation of RFC 2012 plc, the new name given to the original operating company Rangers Football Club plc. Mr Whyte, who took over Sir David Murray's majority shareholding on May 6, 2011, was in 2000 disqualified to act as a director of for seven years. The investigators examined the £9 million PAYE and VAT debt to the taxman amassed when the oldco under Craig Whyte's leadership went into administration. Insolvency experts also said directors can be found guilty of misfeasance by giving ownership to someone who was not a fit and proper person. Mr Whyte bought Sir David Murray's majority shareholding in Rangers in May 2011, raised £24 million through selling off the rights to three years of supporters' season ticket money to London-based Ticketus to help complete his £1 share purchase agreement take*over of Rangers and pay off the club's £18m debt with Lloyds Banking Group. An independent Rangers board committee set up to review takeover offers, delayed Mr Whyte's buyout and expressed concern over "a lack of clarity" over the new owner's financial muscle, hours after he had completed his buyout. The committee was led by chairman Alistair Johnston, who was removed from the board later along with Paul Murray, who had launched a late rival takeover deal. The following October Rangers' non-executive directors, John Greig and John McClelland, who were members of the independent board, resigned from their posts at Ibrox saying that they had been isolated following Whyte's takeover. Mr Whyte was given the maximum ban possible in September following a petition raised on behalf of UK Business Secretary Vince Cable after the operating company went into liquidation. Lord Tyre said in a full judgment that Mr Whyte's conduct of the business was "characterised by dishonesty" in a case that "can be regarded as quite out of the ordinary". He said the Ticketus deal funded his acquisition of the club while failing to inform the members of Rangers' independent board committee who were tasked with negotiating the sale of the company. Lord Tyre said Mr Whyte "misrepresented" to them that the funds for purchase of the company were to be provided from his own resources and from the commercial activities of his British Virgin Islands- based Liberty Capital Limited firm. http://www.heraldscotland.com/news/h...gers.114970599
  21. http://www.telegraph.co.uk/sport/football/teams/newcastle-united/11317458/Mike-Ashley-has-left-Newcastle-stagnant-and-stained-with-his-greedy-ownership-who-would-want-the-job-now.html Mike Ashley has left Newcastle stagnant and stained with his greedy ownership - who would want the job now? St James' Park now resembles a branch of Sports Direct - piled high with nonsense, with Ashley treating his critics as pygmies with pea-shooters, writes Paul Hayward Standing up to a ruthless owner who is worth £3.75 billion might sound like the definition of futility, but it happens to be the only option for the next man in at Newcastle United, where the nonsense is piled as high as the gear in Mike Ashley’s retail empire. Ashley is one of those moguls who has come to feel he has the globe on a string. Zero-hours contracts at Sports Direct? Get stuffed, liberals. Wonga shirt sponsorship? What has it got to do with you? Ashley’s business ethic is to treat his critics as pygmies with pea-shooters. He bestrides the swamp of unregulated free-market enterprise. Wealth is the only show in town. Observe the big man’s skill. Instead of having to go through the tedious business of sacking Alan Pardew, Ashley simply waited for Crystal Palace to come along and offer him £2.5 million in compensation to take ‘Pards’ away. What a deal. Not since he made £926 million in a single day floating his sportswear firm has such a cherry dropped off Ashley’s tree. No wonder his facial expression suggests omnipotence. Newcastle’s fans are understandably conflicted about Palace’s raid on St James’ Park. Those who held up a bedsheet declaring “Pardew is a muppet” will be glad to see him go. But they must know too that Ashley will want a continuation of the owner-manager relationship established during Pardew’s four years in charge. It would be a major turn-up if the proprietor ditched the current model of managerial subservience in favour of, say, Tony Pulis. Don Hutchison, the former Liverpool and Sunderland midfielder, writes in his Newcastle Chronicle column: “I’m not sure he [Ashley] actually wants the hassle of a manager who would demand money to sign players who can take Newcastle to the next level. “And I’m really not sure that he wants a manager who is going to sit there and say ‘I want this striker and he’ll cost £15million.’ I don’t think a manager like that would last five minutes at Newcastle at the moment.” Pardew, we know, endured his own powerlessness with a peculiarly strained expression, unless he was verbally abusing Manuel Pellegrini or putting the nut on Hull’s David Meyler. His disinclination to take on Ashley publicly on all the important points – Joe Kinnear, for example – took me back to the day Carlos Tevez and Javier Mascherano signed for West Ham, and Pardew, the manager at the time, called it “intriguing.” He clearly had no say in the club’s decision to park them at Upton Park. Multiply that many times and you find Pardew answering to Kinnear (briefly), spectating as Andy Carroll moved to Liverpool and having little say in Newcastle’s overall transfer dealings. It was during Pardew’s reign that Ashley decided he wanted 100% control over where his money went. Newcastle, who have a wage to income ratio of 64% (the Premier League average is 70%) have become a stepping-stone club for expertly-scouted players: an exercise in mid-table stagnation. Pardew never had the powerbase to resist this drift. The fans regarded him as Ashley’s puppet: another mouth from the south. Rather than fight the owner, he found a way to leave, returning to his roots at Palace. A more self-aware owner than Ashley might reflect that his manager is taking a demotion (to Palace) to escape the shadow he casts. The thought would not trouble him for long. Newcastle have previous here. Long before Ashley stepped into the Premier League casino Sir Bobby Robson and others struggled with Freddy Shepherd, a local heavyweight who also liked to do the deals. Under Robson’s tenure the late Gary Speed was sold to Bolton Wanderers without the manager’s prior approval and Patrick Kluivert’s arrival on Tyneside was conceived at boardroom level. Robson tolerated these interventions because he loved the job too much to give it up, and backed himself to produce a winning team from whatever resources were available to him. After he left, in 2004, and the job passed to eight managers inside a decade, there was one quick way to annoy Sir Bobby. All you had to do was ask him: “Who on earth would take the Newcastle job?” “It’s a wonderful job,” he would say. “Any ambitious manager would want that job. They’ll be inundated by applications.” He saw 52,000 fans, a deep love of the game on Tyneside, a strong local tradition and culture, even if they lacked the trophies to go with it. But to be Newcastle manager, now, without power, or even influence, is no siren call. Pardew’s successor will either have to lay out his terms at the first negotiation stage or step into Ashley’s empire as a departmental head, while the real business goes on elsewhere. Pardew stopped being a yes-man in the end. He accepted defeat, and fled.
  22. Rangers Supporters Trust has demanded that the club keep its promise to answer questions about Mike Ashley. By Roddy Forsyth 7:59PM GMT 29 Dec 2014 Comments4 Comments The Rangers Supporters Trust has demanded that the club keep its promise to answer questions about Mike Ashley which shareholders were unable to put to the board at last week’s stormy annual general meeting. David Somers, the Rangers plc chairman, was widely criticised for curtailing the proceedings before questions could be posed about the Newcastle United owner’s dealings with the club, especially in relation to his Sports Direct retail chain. Somers promised that he would respond by email to questions which were not addressed at the AGM. One question follows the Telegraph Sport’s disclosure that when Ashley gave up the naming rights to Ibrox Stadium notoriously acquired for £1 from Charles Green’s Sevco consortium – he got substantial commercial and advertising concessions within the ground. The Rangers board is exploring its options for fresh funding after the rejection by the Scottish Football Association of Ashley’s attempt to increase his shareholding in the club from 8.92% to 29.9%. It is understood that one possibility – again cited by Telegraph Sport – is to maintain cash flow by a series of emergency loans from Ashley, secured on assets. Ashley has already provided £3 million in loans but Rangers need another £8 million to see them through 2015. They have an offer of £6 million from three wealthy supporters, Douglas Park, George Letham and George Taylor, conditional on board representation. However, Ashley could choose to defy the SFA by increasing his stake in the club despite their refusal to sanction it, a course of action that could lead to the governing body to withdraw Rangers’ license to play football. In the meantime, the RST’s questions include the following: “Can the Board outline the terms of the recently announced new commercial arrangements with Sports Direct? Specifically, can the board confirm if future years’ shirt sponsor revenues will be for the benefit of the club or for the benefit of Sports Direct and does Sports Direct have the right to choose a shirt sponsor after the end of 32 Red three year sponsor period? “It is a widely held view that Mike Ashley tried to undermine the recent share issue by initially offering to underwrite it, then withdrawing this offer, and publicly announcing he would not be taking up his rights, only to then go out in the market the following week and buy further shares in the market for the same price. “This appears to have been a clear strategy to undermine the success of that share issue. On what basis does the Board consider it appropriate to enter into further business relationships with an individual who was clearly attempting to undermine the financial position of the club for his own advantage? “Can the board confirm if it is in discussions with Sports Direct or any other Mike Ashley company to sell a further stake in the Rangers Retail business? If so, what percentage stake is being considered for sale and at what value? “It has been reported that Derek Llambias will earn a salary of £150k as CEO. Will Mr Llambias advise shareholders if he is also entitled to other benefits (housing costs, car allowances, pension) and in particular if he is eligible for any bonus payment? If he is eligible for a bonus then on what basis will this be earned? Has he moved to Glasgow? “Is the Board considering using Murray Park as security for further loans from Mike Ashley, Mash Holdings or Sports Direct affiliated companies? If so, how much is the Board seeking to raise from this asset? “The club appears to have granted considerable additional stadium branding rights to Sports Direct and Mike Ashley companies. Can the board outline exactly how much additional advertising inventory has been given toSports Direct/Mike Ashley and what value or consideration has been received for this? “The club needs major investment. Why did the board not seek to persuade Sandy Easdale to vote his proxy block of 26% to support a new share issue? As Mr Easdale did not support such a new issue, blocking muchneeded fresh investment, is his position on the football board untenable? “Mr Llambias you sat in front of around 200 fans at Ibrox, next to Charles Green, and told us of the benefits and "millions of pounds" the naming rights for Ibrox would bring to Rangers. Did you know at that time that your boss, Mike Ashley, was getting those rights for £1? Why should any Rangers fans trust you when your first interaction with us was to mislead us on behalf of Mr Ashley? “How much did the club receive per £10 spent by fans from retail sales through Rangers Retail in the June 2013-June 2014 financial year? “What has Mike Ashley been given in return for giving up the naming rights that Charles Green handed him for £1? “Can you explain why the board took Mike Ashley’s loans and gave him control of the running of the club despite it clearly being contrary to SFA and UEFA rules and therefore inevitably opening up the club to a charge? “Can the board confirm why, after 40 odd years of service, loyal employees are being cast out the door with the minimum possible redundancy pay and a paltry two weeks’ pay as a 'goodwill' gesture?” http://www.telegraph.co.uk/sport/football/teams/rangers/11316773/Rangers-fans-demand-answers-from-board-over-Mike-Ashleys-involvement-with-club.html
  23. http://www.bbc.co.uk/sport/0/football/30628144 Rangers can find no respite. Nobody presumed that a new era was beginning when Kenny McDowall changed from assistant to caretaker manager in the wake of Ally McCoist's resignation, but the manner of the team's 4-0 collapse to Hibernian suggests that a malaise is now deep-rooted. Disillusioned and fraught, the away support chanted sack the board at Easter Road, and anger remains raw. Both on and off the field, this is a club that is fundamentally broken. The frustration for disgruntled fans is that in their view the repair process has not yet even begun. The situation is always fluid at Ibrox, but fundamental issues cannot be ignored. The most pressing is financial, since the club does not currently have the funds to pay January's wages. Disaffection is also entrenched, though. The reaction of shareholders at the annual general meeting was a clear indication of the lack of faith in the board of directors, and those shareholders who currently hold power at Ibrox: Mike Ashley, the owner of Sports Direct, Sandy Easdale and the 21% of shareholders who have empowered Easdale with their proxy vote. David Somers, the chairman, was castigated at the AGM, and the publication of an email he sent to an associate of Ashley in which he expresses concern for his board position should a consortium including Dave King see their funding offer accepted only further undermined Somers' position in the eyes of fans. Rangers, again, are on the brink. Ever since he found himself thrust into the role of caretaker manager, McDowall has looked as though he considers the circumstances as a blight on the role. He was a strong influence on McCoist, so there was little prospect of a sudden shift in tactical or selection decisions. The squad, for all that there is undoubted individual ability, appears drained of confidence and self-belief. Hearts now stand 15 points clear at the top of the Championship and the concern for Rangers now is trying to find the form and momentum to make it through the play-offs. In normal circumstances, this state of affairs would be at the forefront of supporters' discontent, but it is only one aspect of it. Before the football side of the business can be repaired, the financial side needs to be addressed. The anger at the AGM seemed so pronounced that the three Rangers International Football Club directors - Somers, Derek Llambias and James Easdale - and Sandy Easdale, the chairman of The Rangers Football Club board, must have been left with the acknowledgement that there is little chance of them turning round public opinion. With Ashley's application to the Scottish Football Association to raise his RIFC stake from 8.92% up to 29.9% having been rejected, and a funding offer made by a consortium of Rangers-supporting businessmen comprising Douglas Park, George Letham and George Taylor, the board has an option that would go some way to appeasing fans. It would, though, also lessen their control of the club, and weaken their own positions. The £6.5m offer - based upon buying the 40m shares on offer in a forthcoming share issue at 16p per share, at a small discount on the current market price of 18p and the norm for such issues - would only be the initial stage of fundraising that Rangers need over the coming months. The board estimated in the annual accounts that at least £8m is required to keep the business functioning for 12 months, but that was based upon season ticket sales returning to normal and other assumptions. The reality is that more than £10m is likely to be needed just to keep the business going, and significantly more to invest enough to allow it to grow and be restored. Park, Letham and Taylor know the reality of Rangers' financial situation and the problems that need to be addressed. To fully recover, fans and directors need to be working in tandem, so that revenue streams are restored at the same time as fresh investment is sought. That means that trust is as precious a commodity at Ibrox as finance. It remains in short supply. Resolution nine was rejected at the AGM by shareholders - including, it seems, some represented on the very board that proposed it - so that existing shareholders now need to be offered enough shares to maintain their stakes in the share issue, before non-shareholders can participate. Park, Letham and Taylor can still provide funding, since the latter holds a 3.2% stake and so can also apply to buy the rump of shares left behind by existing shareholders. When the board attempted to raise funds last September, the majority of existing shareholders declined to invest further. The Rangers Supporters Trust has, meanwhile, sent a series of questions to Somers in an email, including asking him to "outline the terms of the recently announced new commercial arrangements with Sports Direct" and if Sports Direct "have the right to choose a shirt sponsor at the end of the 32 Red three-year sponsor period". The situation is clear yet complicated. Rangers need money urgently and the fans want to see change in the boardroom. Ashley effectively controls the club, but cannot invest further in return for shares without attracting SFA sanctions - although he can try to legally challenge the ruling. A group of Rangers fans want to invest, but that would lessen the control of those currently in the boardroom. The stage is set for further turmoil.
  24. A Newcastle phoned in to Colin Murray today to talk about Ashley\Pardew etc. The fan was talking about Ashley and how he will always take in more from player sales than he pays out for new players, and that Pardew had probably gone as far as he could under that mentality. The guy says "you can bet any money you like that Ashley wont pay for a 'grade A' manager to take us to the next level". They then both agreed that it wouldn't be overly surprising if he approached McCoist with the job offer, which would get rid of the headache of buying him out, especially if he took backroom staff with him. Could it happen????
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