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Down to 30.4p, is there only one way for the shares to go with the present board ? Does the share price really matter?
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Just in case anybody is using the next fixture on our Forum home page which states the next game is against East Fife on the 11th of January we do of course have a game on Sunday. Sun 05 Stenhousemuir 15:00 SPFL League 1
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Not going myself so am hoping a few lads I trust to tweet accurately will keep us informed through the meeting. The Rangers board have already arrived ahead of the 10.30am start.
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Should any of the requisitioner's getting votted onto the board on Thursday, At what time on Friday do we expect an announcement as to who is behind Blue Pitch & Margarita??? Personally, I ain't holding my breath. The identities of these 2 groups will only be published they the groups themselves consent to it. If the board were to release the full names of those involved without consent, that could have SERIOUS consequences with future investors & trust issues.
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Hello Rangers fans! I am a student and Indiana University in the States and am looking for two or three of you to answer some questions for an upcoming ethnographic research project I have. The project examines the sectarianism surrounding the Old Firm and how it influences football culture in Scotland. It would be wonderful if any of you had some time this weekend to answer a few questions anonymously! It's all very informal so it can be done over email or Gersnet or whatever! I just need 2 or 3 more informants representing Rangers FC so if you're interested send me a PM or email me at indianaethnographer@yahoo.com or even post in this thread! Thanks so much for your time and I look forward to hearing from you!
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Rangers investor to crack Blue Pitch and Margarita mystery Greig Cameron Deputy Business Editor Friday 13 December 2013 A RANGERS shareholder with decades of experience in fund management has begun high-powered moves to reveal the identities of the people behind the secretive Blue Pitch Holdings and Margarita Funds. The investment professional, who asked not to be named, is a long-standing season ticket holder at Ibrox, said he has consulted a "mainstream" law firm in London to investigate the options available. He intends to take the matter further down the legal route if the board at Rangers International Football Club (RIFC) are unable to provide answers. He said he wanted to know what exact efforts the current board (RIFC) has made to uncover who is behind Margarita and Blue Pitch. He said: "I am getting a bit irritated with this obscurity about Blue Pitch and Margarita. "If [the board] say we don't know then I want them to make a public report saying that. If they do know who is behind it they should be telling us. "I think the fans really need to know the identities of the people behind these holdings. That is only fair." Blue Pitch has four million shares in RIFC, equivalent to more than 6% of the share capital, with Margarita holding 2.6 million, or 3.6%. Both are believed to be backing the current regime at the RIFC annual general meeting on December 19. Shareholders are being asked to vote at the AGM whether to retain chairman David Somers, chief executive Graham Wallace, finance director Brian Stockbridge and non-executive director Norman Crighton. Along with several other resolutions there will also be votes on whether to accept Malcolm Murray, Paul Murray, Alex Wilson and Scott Murdoch. The fund manager indicated he will pursue the identities of Blue Pitch and Margarita regardless of how the AGM turns out. He said he would like to have access to the latest financial incomings and outgoings at RIFC and see details of commercial contracts. The possibility of disenfranchising secretive shareholders was raised last month by former RIFC chairman Malcolm Murray. That option is thought to relate to a section of the Companies Act 2006 which states a company has the right to know the beneficial owners of shares held in nominee accounts. A company has to maintain a register of such interests which must be available for shareholders to see. If that is not made available one possibility is for the voting rights of the shares to be suspended. http://www.heraldscotland.com/news/h...stery.22943607
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AS a listed company, the members of the Rangers Board have to be very careful and professional in the way in which we communicate information. This is clearly not the case for the requisitioners, who can make all sorts of wild and spurious allegations. My concern is that these unprofessional, wild allegations are being used just like bogey men were used when I was a child. But in this case, they are being used to frighten our supporters and shareholders. So, within the bounds of what I can say, I would like to put some of these bogey men to rest. Firstly, I read wild accusations that I may not be independent. This is usually accompanied by a list of names from the club’s past. Let me say categorically, that until I joined the Board a mere 4 weeks ago yesterday, I had never heard of Charles Green, Imran Ahmad, Craig Whyte, or any of the other characters in Rangers’ history. To my knowledge, I have never met them, nor had business dealings with them. Nor would I recognise them if I passed them on a street. When I was approached to join the Board, the Company had only two directors and the immediate priority was to preserve the AIM Listing. Surely it is naïve to think that there is any way the Nominated Adviser could have allowed anyone not totally independent to take on this position at that time? I have now read over two years of board minutes and they make very depressing reading in terms of the scale of their lack of professionalism and worse. The minutes make it clear, in my mind, that the boards of recent years have been totally unfit to run this club. The mystery to me is why people should now be considering that members of these boards, which presided over the problems we face today, should be considered for re-election. Although I have learned one lesson, which is that if you shout long enough and loud enough in the media, you may be able to reinvent yourself. Recent inaccurate and, in fact, completely untrue allegations have included a new bogey man about Jack Irvine's contract. I have looked at this and can say that he has a normal contract, with no bonuses attached and the figures quoted by Mr Scott Murdoch are utter nonsense. Let me also say that Graham Wallace and I are beginning a complete review of every contract that is in place. You can imagine that this is going to take weeks and then more time where contracts need to be changed. I have been on board four weeks yesterday and Graham less than that, but we have already begun this critical process. One area, where we are conscious that we need to focus, is in improving our communication and engagement with all Rangers supporters. We have already commenced work to identify what is required to fully engage with our fan base and we will be bringing forward some significant proposals in the near future. The Board is fully behind improving the communication and engagement with the fans. Another bogey man relates to the club's finances. We have said publicly a number of times that any talk of the club going into administration is completely untrue. Yes, we will need to make decisions to improve cash flows and strengthen the business, but these will be the right decisions at the right time. Another new bogey man thrown about by the Gang of Four is the suggestion that we might be thinking of selling Ibrox. We are not thinking about this. Where do the requisitioners get these ideas from? I promise you we have no intention of a sale. Brian Stockbridge suffers most from the lies thrown around by the people in the process of reinventing themselves. Even the requisitoners must understand that finance directors are members of boards and their actions are largely dictated by the board. Reading the minutes of the last two years or more, I see that Mr Murray was involved at board level for long periods covering contract and financial negotiations. It is not that Finance Directors make mistakes, rather that boards make mistakes, or worse. Without Brian, the club would, in my opinion, have been de-listed months ago and ironically the club should owe him a debt of gratitude for holding things together. Going forward, his new CEO, Graham Wallace, needs time to evaluate the whole structure within the business and the people within it. This will be true for Brian as for everyone else. For the good of the club, for the good of the supporters and for the good of the shareholders, I sincerely hope that the shareholders will get behind the existing board and vote for us. In addition, I encourage shareholders to vote against the four requisitioners. Firstly, because some of them were members or chairman of boards which failed this club in the past. Secondly, we need a Board selected from the best available people. Not just from fanatics who put their own personal interest ahead of the greater good of the club. If these people were to join the board they would be taking up positions which should be held in future by the best, professional people with Rangers true best interests at heart and not having their involvement driven by their own personal self interest. Best regards, David Somers http://www.rangers.co.uk/news/headlines/item/5759-an-open-letter-from-the-chairman
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I will be attending the agm. Its states on RST proxy guidelines that "you cannot attend the meeting if you have proxied your shares to them(RST)". On the attendance card note 7 it states "Completion and return of this proxy will not prevent you attending and voting at the agm if you wish" Does this mean that to attend I must fill in proxy form and send to Capita? Have the RST got it wrong? If the Form of Proxy is not completed before the agm will my vote(s) not count if a card vote is called?
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Nice to see Celtic showing why Scottish football is so vibrant and dynamic at the moment. Trying not to be too Jim Spence-like in my praise, but it's clear that only getting gubbed 3-0 by Milan is a clear sign of how healthy the SPL is. Surely that's the case. It can't be otherwise....
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@SonsofStruth: PROTEST ON TUESDAY Meet Copland Rd stairs seven o'clock. Protesting Stockbridge and Irvine to be removed from club. SHARE IF YOU CARE.
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The 4 new board candidates will publish their's today.
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New Rangers chairman David Somers has turned his fire on the ‘Gang of Four’ trying to shake up the Ibrox boardroom — and urged shareholders to vote down their attempted rebellion. Somers directly questioned the credentials of former chairman Malcolm Murray, ex-director Paul Murray, Alex Wilson and Scott Murdoch, the four ‘requisitioners’ seeking a place on the board. In an attack immediately described as a ‘smokescreen’ by the Murray-led group, the chairman — promoted from interim to permanent just last week — expressed doubt over whether they had even filed the necessary paperwork needed for the AGM on December 19. Arguing that they hadn’t obtained consent from the Stock Market or from the SFA, and that their nominations have not been properly proposed under the club’s own Articles of Association, Somers said: ‘There can be no guarantee that each of these individuals will be found to be suitable to act as a director of the company or that the board would be able to function properly.’ Under the plan being fronted by Paul Murray, with help from Jim McColl, the current five-man board will have to stand for re-election at the AGM. If they are swept from power, the new men would take control. A source close to Murray and McColl attacked Somers’ statement as ‘disgraceful’ and ‘a smokescreen using technicalities’, while confirming that all the nominations would be properly filed at least seven days before the AGM, as the rules dictate. The decision by Somers to seek popular support ahead of the meeting is interesting, partly because many had assumed that the board already had more than enough votes to quash Murray and McColl. Isle of Man-based hedge fund managers Laxey Partners, who increased their shareholding to over 11.5 per cent recently, pledged their support last week. That was considered to be enough to tip the balance against the requisitioners. If Somers is chasing votes, though, it may suggest a recalculation of exactly what is needed in order to stave off a popular vote for wholesale change at the top. Rangers manager Ally McCoist, meanwhile, has offered a positive assessment of new chief executive Graham Wallace, who saw the team win 3-0 at Arbroath on Monday night. ‘I’ve met Graham a couple of times now and things have gone very well,’ said McCoist. ‘We had our first meeting last Friday at Ibrox. I then got a phone call from him saying he had changed his diary and he was coming up to the Arbroath game. ‘That was great. He came along to the hotel, we had a cup of tea and I introduced him to the players. ‘It was very positive and the meetings we’ve had so far have been encouraging. He seems to be a football man, which I have to tell you I’m thrilled about. ‘Graham’s CV is as good as anybody’s. He’s Scottish, so he certainly knows Rangers, and I don’t have any doubt he knows what is required here to take the club back to the top. ‘The most important thing is the club. Our relationship is very important and, from speaking to Graham, all the indications are he’s very aware of the problems we’ve had in the past.’ Read more: http://www.dailymail.co.uk/sport/football/article-2514148/Rangers-chairman-David-Somers-hits-Ibrox-Gang-Four.html#ixzz2lpwVTcpS Follow us: @MailOnline on Twitter | DailyMail on Facebook
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http://www.rangers.co.uk/news/headlines/item/5579-club-statement Now that's a statement we can all agree with. Let's hope club means what they say rather than offering a sop to concerned fans.
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Found this on SOS FB and nowhere else so not sure how accurate. CEO interviews were to start 11th Nov as per advert in financial times yet new chairman who only started yesterday claims interviews already taken place???? Strange selection process. I'm banking on shoe horned appointment middle of next week. Thought Mr Somers was to recruit CEO so did he spend yesterday interviewing these candidates?
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As a person I am generally not paranoid but I found the Daily Records take on Fernando Ricksens Twitter abuse somewhat perplexing. Firstly, the reporter states the abuse was instigated by a "so called" Celtic fan. When I read this I couldn't help but think, would another "fan" of a particular club ie. Rangers, be afforded the same moniker. My bet would be on that particular version not labelling that fan as a "so called" Rangers fan... Secondly, I found it even more perplexing that the said reporter is keen for us to hear what real Celtic fans think of this lowlife turd. Very admirable indeed but once again I doubt if this was a story about an abusive Rangers fan, you would get a normal Gers fans POV to balance the story ie.providing a positive ending to round off the piece. Maybe I'm just paranoid after all.... http://www.dailyrecord.co.uk/news/scottish-news/fans-condemn-twitter-troll-who-2677855
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http://www.dailyrecord.co.uk/news/scottish-news/revealed-rangers-latest-financial-advisers-2673832?utm_source=twitterfeed&utm_medium=twitter Auditors Keelings Ltd state: “The company incurred a net loss of £1,743,439 during the year ended March 31, 2013 and subsequent to the year-end incurred further losses.” The auditors add that, in their view, statements from Daniel Stewart “indicate the existence of a material uncertainty which may cast doubt about the company’s ability to continue as a going concern”.
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Any request by Celtic to play one of their home Champions League fixtures in either England or Ireland next season will be denied by European governing body Uefa. If Celtic win the Scottish league title this season they will be required to play a two-legged Champions League qualifying match next summer. But with Celtic Park, along with Ibrox and Hampden, all in use as Commonwealth Games venues, a new location for the game would need to be found. Celtic's chief executive Peter Lawwell had asked Uefa to look at options for the tie, including stadiums outside Scotland. Regulation 12.07: Venues Celtic Park crowd In principle, a club must play all its matches in the competition at one and the same ground. Matches may be played either at the ground of the home club or at another ground in the same or another city within the territory of its association, or, if so decided by the Uefa administration and/or the Uefa disciplinary bodies, in the territory of another Uefa member association for reasons of safety or as a result of a disciplinary measure. Speaking earlier this week Lawwell said: "We are currently in discussion with Uefa in terms of what options we have. "Once they are happy with those options then we will go and speak to the relevant owners of the stadia, possibly outside Scotland. "It could be England or Ireland, the Aviva in Dublin or Croke Park or maybe even down south at a northern Premier League club. We have a big support in Dublin and the stadium was full when we played Liverpool in the summer there, so that would be great." But BBC Sport have been told that Uefa, under its current rules, would deny any request to play the game outside Scotland, citing rule 12.7 of Champions League regulations. It states Champions League matches must be played "either at the ground of the home club or at another ground in the same or another city within the territory of its association". The only exemptions under the rule are for safety issues or as the result of a disciplinary measure. Celtic are citing their European Cup Winners Cup game at Old Trafford in 1984 against Rapid Vienna as a potential precedent for moving the game. But that match was only played at Manchester United's stadium after Uefa ordered a replay at a neutral ground at least 100 miles away from Glasgow following a controversial end to the second-leg at Celtic Park. The club are also thought to be considering the 67,800 capacity Murrayfield stadium in Edinburgh, the home of Scottish rugby, with Uefa's regulations now making it the leading contender to host the potential game. What a shower of low life cunts
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Ringing fugitive on Interpol wanted list not unusual in new world of Rangers KEITH tells how trying to make contact with a man on Interpol's most wanted list is hardly unusual in the weird world which Rangers now inhabit. IT’S not every week you speak to someone on Interpol’s most wanted list. In fact, after 20-odd years writing about football for a living, this was something of a first. Not that it was actually much of a conversation. “Hello, Mr Rizvi,” “Hello, who is this?” “Keith Jackson from the Daily Record newspaper in Glasgow, I want to speak to you about your involvement in Blue Pitch Holdings.” “I think you have the wrong number my friend, I would ahem (click)...” “Mr Rizvi? Rafat? Hello?” “BEEEEEEEEEEEP!” That was about the size of it. Hardly earth-shattering stuff. In fact, the only truly remarkable thing about this conversation is that it needed to take place at all. But this is the way of it at Rangers in 2013 – this club has long since disappeared through the looking glass. Vanished into a world which is as much about the fugitives as it is about the football. I phoned straight back but Rafat Rizvi, or whatever this plummy-voiced gentleman calls himself these days, didn’t answer. So I followed up with a text message, offering to speak on or off the record and pointing out that the identities of those anonymous investors behind Blue Pitch and Margarita Holdings were likely to be made public soon. Again, no response. Perhaps he was just busy. Then again, perhaps men who are on the run from the authorities over a £600million bank fraud, facing a potential death penalty in Indonesia, don’t do protracted conversations. Not with press men at any rate. Which would be fair enough were it not for the fact the future of Rangers hangs in the balance all over again and that there are many thousands of supporters out there who are beside themselves with worry and who are asking for one simple thing from their club, the truth. Remember that? It’s not easy where Rangers are concerned. This is a club which currently employs more spin doctors than it does directors, a business which is engulfed in a cloud of its own toxicity. A company which attempts to confuse its own customers with an unrelenting barrage of spin and counter-spin. The truth? So many lies and so much misinformation has been spread in the name of Rangers that the truth has become a complete stranger. It has been twisted and distorted to such an extent that it has become almost unrecognisable. And it has to stop, for the sake of the fans and for the greater good of the Scottish game in general. It is time for Rangers to reconnect with the truth. Which is why it would have been nice had Rizvi stayed on the phone for a longer chat. He might have been able to clear up many of the issues which continue to distress these supporters and cause them sleepless nights. Just who are Blue Pitch for example? These mysterious offshore backers of Charles Green, who financed the Yorkshireman’s takeover, buying up Ibrox and Murray Park for a £5.5m snip thanks to the stupendous generosity of administrators Duff and Phelps. It would also have been of interest to ask Mr Rizvi, a long-standing associate of Green and shamed former commercial director Imran Ahmad, if he could shed any light on some of the names of those behind the equally mysterious Margarita. Between them, Blue Pitch and Margarita hold a 15 per cent stake in the club and their voting power – which has been handed over by proxy to the Easdale Brothers – could swing the balance whenever this club finally allows its shareholders to vote on the make-up of the boardroom at its long awaited agm. Could it be that Brian Stockbridge, for example, is to be found standing behind Margarita’s door? Just asking because if the financial director was to be among these penny-a-share investors then it’s no wonder they are attempting to block the changes that would ultimately lead to Stockbridge’s removal from power. Right? Here’s another thing. Did you know Stockbridge and James Easdale last week signed off on a robustly worded warning to the club’s entire workforce, making it clear that information leaks from inside Ibrox will not be tolerated? That’s right. Stockbridge, who infamously filmed former chairman Malcolm Murray worse for wear at the end of a long night out, and Easdale, who endorsed the return of a certain spin doctor to the club. The hypocrisy is mind boggling. In fact, it smacks of yet another hamfisted and ever so slightly sinister attempt to suppress the truth. The fact that their internal memo has already been leaked out on to the internet is a delicious irony. Much has gone on behind the scenes of this club in recent times which defies belief. Senior, trusted and hugely respected figures have been horribly intimidated. These people too have a story to tell. Just like Rizvi. It would do Rangers a world of good if one day the whole truth emerges from this distasteful debacle, no matter how unpleasant or even inconvenient that truth might be. The truth is all that can pull Rangers back from this world through the looking glass and allow it to look at itself in the mirror once again.
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It's pretty safe to say we have won our second title on the way back up, and yes the road has been smoother this year compared to last. Yet I personally feel uninspired by how it is being accomplished, and I'm interested in what the consensus is. When we agreed as a support that we would rather start at the bottom than be handed some 'charity' i.e. a halfway house (did you notice the clamour of the press to praise the Rangers support for that? No I didn't either) I think we all saw an opportunity to create a football philosophy, a new ethos, away from the pressures of playing in the same league as them. OK, after a while last season, it was clear that it wasn't going to be that easy. So get the first season over and then start to see something new. No? Am I just in the wrong mood but are there any signs that we are going to accomplish any of this by the time we get back to the top? Already Ally is talking about "needing millions to do better than top six"!!! I watched our route one football to beat East Fife. I watched Nicky Law excited at the start of the season talk about how we were going to play a very high line due to our superior fitness and always be on the front foot. Nicky started on fire, scoring great goals, and then what? Ally tells him to lie a bit deeper and the rest is there to see.... If it is better than my mood is telling me then I'm open to criticism - no problem. Can anyone say hand on heart though that these won't be wasted years?
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Thisis lifted from FF thread on a DR story running today re Paul Murray and the AGM, from someone who has read that story, emboldment mine: ============== "Christian Purslow still lined up to be new chief executive. New financial director is in place but no names are revealed. Murray stating he has a team ready to go to work. Murray and Mccoll's legal team have also secured the identities of the figures behind Blue pitch Holdings and Margarita Holdings, they will be revealed by tomorrow. ===============
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The Scottish Football Association could face punishment from FIFA for the behaviour of Croatian fans during a World Cup qualifier earlier this month. The world football governing body have opened disciplinary proceedings against both associations for their failure to prevent travelling supporters from letting off flares and smoke bombs during the 1-0 win for Gordon Strachan's side. Although Scotland fans were not involved in the incidents, FIFA rules stipulate that the home association hosting a fixture is responsible for any instances of "improper conduct" within its stadium. The Scottish FA could be hit with a fine for the incident, with the Croatian federation also under investigation. A spokesman for the governing body told STV: "We can confirm that disciplinary proceedings have been opened against the Scottish Football Association and the Croatian Football Federation for incidents that were reported during the preliminary competition match of the 2014 FIFA World Cup Brazil between Scotland and Croatia on 15 October 2013. "As the proceedings are on-going, please understand that we cannot comment further." FIFA's disciplinary code states that "the home association or home club is liable for improper conduct among spectators, regardless of the question of culpable conduct or culpable oversight, and, depending on the situation, may be fined. Further sanctions may be imposed in the case of serious disturbances. "Improper conduct includes violence towards persons or objects, letting off incendiary devices, throwing missiles, displaying insulting or political slogans in any form, uttering insulting words or sounds, or invading the pitch." The English FA are similarly subject to investigation by FIFA after Polish fans let off flares at Wembley earlier this month. http://sport.stv.tv/football/international/245873-scottish-fa-face-fifa-sanctions-for-croatia-fans-setting-off-flares/ -
Taken from FF Sectarian Songs that are now being targetted by the Focus group include Include - Carsons Army (We're the volunteers of the UVF) Build My Gallows (Altogether for the YCV - Described as being not the YCV of the 1916 WW but the right wing youth element of the UVF?!) Fathers Advice (**** Bobby Sands he's Deid is now being classed as sectarian) No Pope of Rome (no nuns and no priests **** yer rosery beads) Focus are filming the crowd and if you are identified and witnessed singing these songs you will be arrested for this Im not wishing to dicuss the rights and wrongs of this, to me the whole world has gone PC mad, Ive spoken to admin about how I got the information and thought it was only right I try and warn fellow Supporters. ----------------------------
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Bit of a tongue-in-cheek affair with one or two misleading facts, but the crux of the message is relevant and I haven't seen it posted since it was published on Sunday afternoon, so............ Rangers in danger of getting red card over governance By Kate Burgess You wouldn’t run a football match the way that Rangers Plc is being managed. Indeed, you couldn’t under the laws of the beautiful game. Even before Rangers International Football Club has completed its first full year as a public company, it has lost all but one of its original eight directors and is on its third nominated adviser, or nomad. That is the nearest thing the Alternative Investment Market has to a referee. The board substituted the captain and manager before the half-time whistle blew. Now their replacements have gone. Last week, Craig Mather, chief executive, and another director quit after the company postponed its first shareholder meeting. This followed a court ruling that four board candidates, including the former chairman, should not have been barred from standing for election. The company has until Christmas to hold the vote. Meanwhile, RIFC – whose shares have fallen from 75p at float to just under 50p – has neither chief executive nor chairman and just two directors. One is Brian Stockbridge, finance director. The other is James Easdale, bus operator and local businessman, who with his brother controls about 24 per cent of RIFC’s shares and was brought in as a non-executive amid another board ruckus in July. The company acknowledges that it must strengthen the board “to meet the standards required of an Aim company”. However, if a team spent as much time fighting among itself and scored so many own goals, fans would boo it off the pitch, or worse. It won’t be so easy to kick RIFC off Aim. The London Stock Exchange, which oversees Aim, is a hands-free regulator. It largely leaves nomads – who are paid by companies – to decide whether a business is fit to be public and its governance is “appropriate”. Even now, when Rangers’ governance has gone beyond normal measures of appropriateness, the LSE has not rushed in with a red card. Yet. But the nomad will have to justify to the LSE the “appropriateness” of any board candidate. It will be tough to find someone who meets the LSE’s criteria and is willing and able to broker a long-term peace. But if it cannot, then the RIFC’s shares are likely to be suspended. And if the warring continues, the company’s Aim quote will be cancelled, stranding shareholders – including thousands of Rangers fans – with untradeable equity. The most elegant end to this tawdry tale would be to find a buyer to take RIFC off the public market. Then at least fans will have a chance of selling out at something like a fair price. http://www.ft.com/cms/s/0/5320d384-3754-11e3-9603-00144feab7de.html#axzz2iI2Yanan -
http://www.dailyrecord.co.uk/sport/football/football-news/former-rangers-chairman-alastair-johnston-2461159
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