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Showing results for tags 'transfer'.
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Northern Ireland international Shane Ferguson is thrilled to have joined Rangers. The talented winger, who along with four Newcastle United team-mates have been loaned to the Ibrox men until the end of the season, conceded he’s over the moon with the move to the Glasgow giants, however he wouldn’t be available for selection as he continues to recover from a knee injury. “It’s going to be another few weeks before I get up to Glasgow but I can’t wait to get started,” said Ferguson. “Three of the lads went straight away and did their press conference and trained with the team but I have to bide my time. “I’m almost back to full training and as soon as I am completely fit I will be in Scotland and hopefully I can help Rangers win promotion back to the top flight of Scottish football. “Everyone knows Rangers are a huge club. OK, the last few years have been tough for everyone at the club and the fans who have stuck by them but I am excited about playing for such a big club. “The last three months have been frustrating after I picked up a knee injury in training. “This is an opportunity for me to go and get games as soon as I am fit and nothing would make me happier than being part of the side that took Rangers back to where they should be in Scottish football. “They are second in the league and have a bit of ground to make up on Hearts but it is a challenge that I am relishing and I know the other lads feel exactly the same. “I’ve never been in this situation before. When I spent time on loan at Birmingham it was never a case of us challenging for promotion so there is a lot riding on the last few months of the season.” Although a few eyebrows were raised that he made his move to the Gers on deadline day, but for the 23-year-old he just wants to play football. “My family have always been very supportive of everything I have wanted to do in my career – and a move to Rangers is no different,” he admitted. “The decision was mine to make and nothing entered my mind other than football. I am a footballer and that is all that matters. “I know a few people hiding behind a computer have had a pop at me but all I want to do is play football and Rangers are giving me that opportunity. “People can say what they want but I am happy to be signing for Rangers. “I have to say almost all the comments I’ve received from people back home and in Scotland have been really positive. “That means a lot to me and, of course, there has been a bit of banter with my mates back home, too. “I have a lot of friends who are Celtic fans but I have lots who support Rangers, too, so I’m sure the stick will be flying for a while yet.” The Eglinton man also confirmed that he took advice from Northern Ireland boss Michael O’Neill prior to his move. “The first I heard about Rangers being an option was on Sunday night. The five of us got a call and were told to go and have a think about it,” he added. “After I decided it was definitely something I wanted to do, it all happened pretty quickly. “With the Scottish transfer window shutting at midnight, I knew the move had to happen that day even though I wouldn’t be going there straight away. “I just can’t wait to get there. I already know Dean Shiels from playing with him for Northern Ireland but I didn’t speak to many people before signing. “Michael O’Neill had heard about the move and I spoke to him and his advice confirmed what I was already thinking about going. “There were a few rumours doing the rounds about me not signing but that was never the case. I knew it was a good move for me and that was that. “I have actually played at Ibrox for Newcastle in a summer friendly and had to mark Kyle Lafferty when I came on. “The atmosphere was incredible for that game so I can’t wait to experience it when those fans are behind you. I am really excited about playing there.” Ferguson, who still has 18 months remaining on his contract with the Toon Army, believes the next few months could be something special. “The next six months are massive. I want to help Rangers win the league and, of course, helping Northern Ireland qualify for Euro 2016 has been on my mind. “I want to be as sharp as I possibly can be by the time our next games comes around in March and if I am playing regularly for Rangers that is brilliant. “I wouldn’t want to harm our chances of playing when I’m not at my best but this move will definitely help that.” http://www.londonderrysentinel.co.uk/sport/football/ferguson-delighted-with-rangers-move-1-6563801
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According to Ronnie Esplin on Twitter, Kenny McDowall says he has been told to play 5 loan players. Wow!
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We asked the question last night about how much is being paid for the loan players from NUFC It turns out Rangers don't even know as Ashley hasn't decided yet. Must be the first club ever to sign five players without first agreeing how much they will cost. Discussion took place today and most likely outcome will be dependant on how many games they play. Wonder how they got that past the two Football Associations. Contacts claim the players were hawked around England first with no takers hence the reason we got them with half an hour to go in transfer window.
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I see Frazer Fyvie for all the rave bullshit he got is back in Scotland at Hibs. Kyle Lafferty has moved to future European Champions Caykur Rizespor in Turkey.
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Another record for Deadline Day? Five players to boost the squad, are you a happy Bear?
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Glasgow Rangers bidding to sign clutch of Newcastle United fringe players on deadline day Glasgow Rangers are hoping to tie up a multiple loan deal for a clutch of Newcastle United fringe players on deadline day. The Ibrox club are eager to bolster their squad in order to keep a tight grip on the Scottish Championship play-off spot they are currently occupying. With Hearts the runaway leaders, Rangers’ hopes of promotion will go up in smoke if they slip out of second place with Hibernian breathing down their neck. Now Rangers hope to sign some of United’s fringe players which could see the likes of Haris Vuckic, Gael Bigirimana and Kevin Mbabu going north of the border. Today is the last day that international loan deals can be completed and that includes moves to Scotland. I haven't a clue about these players, but I'm sure they'll be better than what we have at the moment. http://www.chroniclelive.co.uk/sport/football/transfer-news/glasgow-rangers-bidding-sign-clutch-8561228?
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Statement from the bears due at 6pm (approx) keep the faith guys please, from FF
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The Sun saying he has been banned because he joined RF. Someone asking if Foster has joined yet.
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We are f----d. 27 January 2015 Rangers International Football Club plc ("Rangers" or the "Company") £10m Credit Facility and associated transfer of 26% of Rangers Retail Limited The Board of Rangers announces that Rangers Football Club Limited ("the Club") has entered in to agreements with independent.co.uk/news/business/news/sports-direct-stops-20000-staff-taking-other-work-by-using-zero-hour-contracts-9661746.html Retail Limited and associated companies ("SD"), to provide a long term on-going credit facility of up to £10m (the "Facility"). The Company's financial condition has been perilous for a number of months exacerbated by lower than expected match attendances. The Directors have implemented a cost cutting program with which they have made significant progress. There is however an immediate need for a substantial injection of capital, and the Directors have considered a number of options. The terms negotiated with SD (which are reversible in respect of the Facility) represent the optimum combination of quantum and duration of funding, allowing the Company time to arrange permanent capital which can be used for strengthening the playing squad. The Facility is structured in two separate interest free tranches. GBP 5million will be available immediately for working capital purposes and for the repayment of the credit facilities with MASH Holdings Limited which was entered into on 27 October 2014. All rights and security associated with the MASH facility will be cancelled. The Club will transfer 26% of the share capital in Rangers Retail Limited ("RRL") to SD for the duration of the Facility (the "Transfer"), which will be transferred back, at no cost, upon repayment of all outstanding sums owed by Rangers and its subsidiaries to SD. There is no specified repayment period for the first tranche of the Facility. The Facility is to be secured by (1) a floating charge over the Club's assets and (2) fixed charges over Murray Park, Edmiston House, Albion Car Park, and the Club's registered trademarks. None of the security that is being given to SD covers Ibrox Stadium, which is specifically excluded and remains in the full ownership of the Club, free from any security. SD will also have the right to nominate two directors to the board of Rangers for the duration of the Facility, any such nomination will be subject to regulatory consent pursuant to the AIM Rules and other regulatory bodies. If the entire sum drawn down is repaid, the Facility will be deemed to be terminated, all security will be released, the 26% of RRL will revert to the Company and all rights of SD to nominate Directors to the Board of the Company will cease. The second tranche of GBP5 million, which repayable 5 years after drawdown, will be used, if required, for working capital purposes and is subject to due diligence by SD prior to drawn down. The Company has also agreed that from the 2017/8 season, for the duration of the Facility, any future shirt sponsorship proceeds will be for the benefit of RRL. RRL will declare a dividend of a total of GBP 1,610,000 prior to the Transfer. The Club will use the proceeds of its share of this dividend, inter alia, to repay sums owing to SD in respect of the cessation of onerous leases on unprofitable stores entered into by a previous Rangers management team. RRL is a joint venture between the Club and SD whose business is selling merchandise both on-line and in stores. In the period ending 27 April 2014, RRL made a profit before tax of GBP 1,172,893. SD is a Related Party under the AIM Rules and accordingly the Facility is a Related Party Transaction pursuant to AIM Rule 13. The Independent Directors, consider, having consulted with WH Ireland its nominated adviser, that the terms of the Facility are fair and reasonable insofar as shareholders of the Company are concerned. The Directors would like to thank all the Rangers Stakeholders who showed an interest in helping the Company. Commenting on the Facility, David Somers said: " The Board has sought for some time to establish a long term funding solution for the Company in order to create a platform of stability to build for the future. This Facility begins this process and we very much hope that it will be augmented with further permanent capital in due course. In addition, the executive team have made strides in addressing the cost base of the Company in order to improve our financial condition and working capital profile. We very much hope that we can now move away from having to seek short term funding solutions and can focus our efforts towards investing in the first team playing squad, a return to profitability and to re-establishing Rangers in the top league in Scottish Football and in due course, to European competition. The Board now calls upon all shareholders to rally together to achieve this goal."
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Stuff some block out time and again when talking about us and postmen, plummers and co. for these last few years. Stuff, that happens time and again, all over the place. And today again ... CHELSEA 2 - Bradford City 4 (that's the English third tier team) MANCHESTER CITY 0 - Middlesbrough FC 2 (that's the English second tier team) SOUTHAMPTON FC 2 - Crystal Palace 3 Cambridge United* 0 - MANCHESTER UNITED 0 *(that's the English fourth tier team) ... so none of the EPL's top four have made it to the next round against lesser opposition, only ManU with a chance to go through. It does not mean much with respect to our players failing time and again to play some decent football, or our managers to show some sort of imagination. Yet, it does show that time and again big names and hilarious money paid for and on players will not guarantee you success. If a third tier team is set up and drilled well enough, it can cause quite a bit of a shock. And while I'm at it, Falkirk did beat Hearts at Tynecastle today, rather unexpectantly.
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Peralta is gone.
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A few months ago rbr suggested that likeminded Gersnet members could donate towards a lifetime membership of Rangers First. There was reasonable level of interest at the time, but for whatever reason it didn't translate into action. A lot has happened since then in the struggle for control of Rangers and the recent requisition for an EGM has galvanised supporter opinion, leading to large numbers of new sign-ups for both RangersFirst and the RST's BuyRangers scheme. The Gers Forum were among those signing up this week, having raised £1000 in 24 hours to buy 2 Rangers First Lifetime Memberships (these are available to groups, whereas BuyRangers requires an individual membership). I'd like to organise a similar effort on Gersnet if there is enough interest. I'm aware that many of us already support RF and/or BuyRangers, while others do not share my enthusiasm for fan ownership. It's also January, so not everyone will have spare cash to donate at this time of year. However, a potentially close vote at the forthcoming EGM will be sufficient incentive for many Gersnetters. A RangersFirst Club 1872 membership costs £500, so if we can get 50 interested Bears together @ £10 each, we can make it happen. If you want to donate more than that, then great. So, my suggestion is this: 1. PM me with your forum name and the amount you'd be willing to commit to as a one off donation. 2. I'll keep a tally of the total. As and when we reach £500, I'll pass everyone's details to Bluedell, who has very kindly offered to help collect the funds. 3. Bluedell can then provide you with details (also via PM) of how he plans to collect the funds and once the full £500 has been received, we'll purchase a Lifetime Membership in the name of Gersnet. Any excess funds received will be donated to RF. 4. As RF operates a one-member-one-vote decision making process, the easiest option would be to hold a brief poll of members prior to any future RF votes. Obviously, such polls are open to members and visitors alike, but for one vote among thousands, it wouldn't be worth creating a more complicated process. If anyone has spotted a fatal flaw in the process, or has any suggestions which would make it easier, please let me know. Finally, I'd just like to make it clear that there's absolutely no compulsion to take part, but it's up to those who do to look into the details of RF if they are not already familiar with it. Cheers. -
Worthington Group are who effectively "own" Craig Whyte and Aidan Earley's claim on the RIFC assets. Also of note is the fact that the Liquidator appointed to Whyte's BVI based Liberty Capital sold Liberty Capitals holding in Worthington Group at 58p in a delayed notification trade one day before the shares were suspended. Wonder who the Liquidator is actually working on behalf of? http://ftalphaville.ft.com/2015/01/13/2085432/a-worthington-tale/?
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Stock Exchange announcement:
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Lifted from FF
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Three Bears investor George Taylor believes Rangers should eventually be controlled by the Ibrox support. Along with partners Douglas Park and George Letham - as well as oldco director Dave King - the Hong Kong-based banker is among three factions battling for control of the Glasgow giants. But while the Three Bears' most immediate threat comes from US financier Robert Sarver - who has launched a £20million takeover bid - and the current board and their ally Mike Ashley, Taylor believes the club should eventually be governed by the Light Blues faithful. The Morgan Stanley managing director has now signed up to a life-time membership with fan-ownership group Rangers First. In a statement given to Press Association Sport, he said: "My hope is that direct fan ownership would become the biggest individual owner of Rangers." Rangers First have made a number of significant strides in recent days. Wealthy supporter Jim McColl recently handed the group his 10,000-share Ibrox stake last week, while they have signed up around 700 new members since the Three Bears and King bought up around 34 per cent of the club in two surprise transactions just before the new year. The scheme - which is similar to the one used to rescue Hearts from administration - is now collecting thousands of pounds a month from contributors and using that to buy up shares. On Saturday night, they announced another 60,000 shares had been purchased, giving them control of 0.8 per cent of the club. The Rangers Supporters Trust has also recently increased its stake to just over one per cent. With the fight for power set to come down to which faction can get to 51 per cent, the fans could yet play a vital role for the Three Bears and King in the coming days. The board urgently needs to raise cash to keep the club afloat and an announcement on Sarver's revised takeover bid and possible news of another emergency loan is expected early next week. A general meeting may also be called if King and the Three Bears can find the support to force boardroom change. Rangers First director Ricki Neill said: "With our monthly contributors donating amounts from 5 upwards, Rangers First have the income to buy an increasing number of shares every month. "The more members we get the faster we grow and the bigger our shareholding becomes. We also have the Club 1872 membership which George Taylor has recently joined, this costs £500 and was designed originally to help us reach our target in as short a period as possible. "George Taylor is one of many true Rangers fans that have joined Club 1872, we look forward to meeting up with George in the near future." Meanwhile, midfielder Nicky Law believes a win against Hearts next Friday could kick-start Rangers' Scottish Championship title push. The Ibrox side host the Jambos but cannot afford to let Robbie Neilson's men add to their already huge 13 point lead at the top of the table. Law, who scored a first-half winner as the Light Blues finally beat Alloa at the fourth time of asking on Saturday with a 1-0 success at the Indodrill Stadium, said: "The quality of player we have got, we know we should be doing a lot better than we have been doing. "There is no way we should be 13 points behind Hearts but we are. Unfortunately that is a huge gap to claw back but we will do our best to try and rein them in, starting on Friday night. "It's a must-win game. If we can get it back to 10, you never know." -
Radio Scotland - McLaughlin. Also conjecture that Ashlay will sell to ParkCo.
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https://www.change.org/p/rangers-plc-board-remove-the-existing-board-accept-external-investment-and-place-external-directors?recruiter=97305010&utm_source=share_petition&utm_medium=facebook&utm_campaign=share_facebook_responsive&utm_term=des-lg-no_src-no_msg&utm_content=rp_petition_fb_share_desc%3Acontrol
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Rangers board in crisis talks after emergency £500,000 loan Roddy Forsyth explains the ongoing power struggle at Rangers between Mike Ashley, Dave King and the Three Bears, and Phoenix Suns owner Robert Sarver Email Ibrox - Rangers power struggle takes new twist after Mike Ashley loses key ally in his quest for Ibrox boardroom coup Battleground: The battle for power at Ibrox took a new twist on new year's eve Photo: PA Roddy Forsyth By Roddy Forsyth11:19AM GMT 05 Jan 2015Comments27 Comments In a day of high drama at Ibrox the Rangers board is negotiating under severe pressure to save the club from financial meltdown for the second time in three years. The plc directors are frantically trying to strike a deal with the investor alliance of Dave King – a former Rangers director – and the Three Bears consortium, who last week scooped up available shares in an audacious raid. The astonishing development followed Telegraph Sport’s disclosure last night that the unpopular Ibrox regime had reached a crisis, which was confirmed today when the club’s board announced to the Stock Exchange that they had accepted an emergency loan of £500,000 from its football chairman, Sandy Easdale, to stay afloat for another few days. The Telegraph had revealed that a major announcement to the LSE was imminent, in respect of Rangers’ parlous economic situation. The trigger was a bill from HMRC for payment of National Insurance, under threat of a petition by the tax authority for the club to be placed into administration if the account was not settled immediately. Easdale’s loan is secured on the fee – believed to be £1 million - obtained from Brentford for the transfer of the highly rated 20-year-old midfielder, Lewis Macleod. When Rangers confirmed MacLeod’s sale to the Stock Exchange on Friday, the announcement said that the proceeds would “be used for immediate working capital”. The announcement of Easdale’s loan stated that the £500,000 would “be used by the Company for general working capital purposes over the next few days”. The statement added that the loan had been offered and accepted “on a fee and interest free basis and it will be secured against the income from the sale of player announced on 2 January 2015”. Related Articles Rangers board to lose power unless Mike Ashley steps in to save directors Rangers board to lose power unless Ashley steps in 04 Jan 2015 Rangers' squad could be decimated in January 01 Jan 2015 Rangers supporters’ group urges fans to displace Ashley 03 Jan 2015 Ashley's plan to own Rangers hits buffers 02 Jan 2015 Even as the Rangers board sought an agreement to avoid the club's collapse, however, a statement from Sandy Easdale's PR advisor, Jack Irvine, brought a sharp retort from King. Commenting on Easdale's secured funding deal, Irvine said: "Once again Sandy has stepped up to the plate with this half million pound loan from his own pocket. Whilst we welcomed the recent share purchases by Dave King and Douglas Park and his consortium, this unfortunately did not put any funds into the club. "Sandy was the only option for this cash injection at such short notice. The Easdale family remain totally committed to achieving a satisfactory financial future for Rangers and they hope all parties can work together in the future with that common goal."Given that Sandy Easdale rejected new funds and was a chief architect in getting the club into this mess, lending a small amount of money is the minimum he should have done. As part restitution he should make the £500,000 a donation rather than a loan." King retorted angrily and told Telegraph Sport: " The situation whereby a short-term loan of working capital is secured on recently obtained and desperately needed working capital is not only designed to stave off immediate administration, but also to keep the club afloat while the directors try to salvage what they can before surrendering to what now looks like an inevitable takeover by the fan-friendly axis of King and the Three Bears. However, three possibilities are in play. One – currently looking the least likely - is that Mike Ashley will come to the board’s rescue, having secured control over the appointment of two directors in return for £3 million of emergency funding in October. However, the Newcastle United owner had previously tried to negotiate with the Scottish Football Association to increase his stake at Ibrox from 8.92% to 29.9% but was refused by the governing body, who insisted that he should comply with his written undertaking not to go above 10%. The second option is an £18 million takeover offer from Robert Sarver, owner of Phoenix Suns basketball club. That offer was also notified to the Stock Exchange at the start of business this morning. Again, Telegraph Sport led the way in revealing that there had been conversations between Sarver’s advisers and those connected with the Three Bears consortium of wealthy shareholders, who have bought a substantial tranche of Rangers shares, as has the former Ibrox director, Dave King. Rangers’ second Stock Exchange statement today read: “The Company notes recent press speculation and confirms that it has received an approach from Robert Sarver (or a vehicle to be established and controlled by him) ("Mr Sarver") that may or may not lead to an offer being made for the Company. “There can be no certainty that an offer will be made, nor as to the terms on which an offer may be made. A further announcement is expected shortly.” Takeover rules mean that Sarver has until 5pm on February 2 to confirm or withdraw his offer, which is worth £18 million and designed to give him complete control of the club’s equity. Again, there are difficulties with this proposal. As the Telegraph disclosed, Sarver has an interest in investing in European football clubs, as opposed to a strategy based solely on a single outfit such as Rangers. A full equity bid would take time to implement, even if it found favour with the majority of investors. When King placed an offer of £16 million in October – the deal rejected by the Rangers plc board in favour of Ashley’s short term fix of loans – it was in the form of a debt and equity mix that would have lent the club sufficient money to keep it going through the takeover process. Another problem for Sarver is that, taken together, the recent share purchases by King and the Three Bears – Douglas Park, George Letham and George Taylor – constitute a little over 34% of Rangers’ stock. They have been pledged support by other disenchanted investors and have also been allocated proxy votes. The King/Three Bears axis know that they can now call upon sufficient support to outdistance the Ashley/Easdale camp by a significant margin. Having got themselves into such a favourable position they are not inclined to stand aside for Sarver although they have, as would be expected, let it be known that they will happily have him on board as a like-minded investor. This is well short of Sarver’s original intent of attaining complete control of Rangers before looking elsewhere to acquire other football interests. One obvious objection to that as a long-term strategy is that it would infringe the same dual-ownership regulations that have prompted a disciplinary complaint against Ashley by the SFA. In any case, time is now the pressing enemy of all the contending parties. If the club runs out of cash and is forced to enter administration for the second time in three years Rangers will be consigned to a fourth successive season in the lower leagues – a prospect feared by the Scottish football authorities as well as other clubs who would benefit financially from their return to the top tier, as a consequence of better sponsorship and broadcast deals than are currently available. Rangers are again teetering on the edge of a financial precipice as the principal personalities jostle on the brink to establish who will be thrust over to the rocks below - and who will be left standing to inherit whatever remains of this once immensely proud and respected club.
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Just heard that one of them has loaned the club 500,000 pounds to keep things ticking over. Anyone else heard this
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http://www.bbc.co.uk/sport/0/football/30674489 -
It was to become the stuff of legend, the type of story normally reserved for a Roy of the Rovers comic book sketch. Ranger’s manager Willie Waddell was to take the ultimate gamble, replacing his injured and iconic inspirational captain, John Greig, with a raw 16 year old youngster who had made his professional debut only weeks earlier against Cowdenbeath. It was a particularly brave decision given the setting was the 1970 Scottish League Cup Final and Rangers opponents were arch rivals, Celtic. 90 minutes later the manager’s decision was to be completely vindicated as the 16 year old Derek Johnstone scored the only goal of the game, sending the light blue legions amongst the 106,000 crowd into rapture and thus heralding the end of a 4 year trophy drought. Who would argue that fortune does indeed favour the brave? Today’s Rangers fans yearn for that kind of bravery amongst our current management. The highly publicised departure of young starlet Charlie Telfer and his criticism of the lack of opportunity for youngsters at Ibrox should set alarm bells ringing. Sour grapes or valid criticism? Well despite League One being done and dusted early doors, Telfer only featured once, coming on as a substitute in the 4-0 defeat of Stenhousemuir. Was completing a season undefeated in a lower league really more important than the continual development of our youngsters? Alarmingly, the Telfer story is not an isolated one. Last year, centre half Stuart Urquhart, a captain of the Scotland Under 17 side, having held his own at Dumbarton whilst on loan (2 divisions above Rangers at the time) chose to depart the club despite not having any clear destination. His subsequent snapping up by Steven Pressley at Coventry City, himself a product of the Rangers youth system, adds a touch of irony to a fast developing farce. That orchestra of irony reached a crescendo this week with the departure of Lewis Macleod, one of our few “blooded youngsters,” in order to keep our club afloat. Those of us at Ibrox yesterday, watching the toiling of Lee McCulloch, were left to wonder if a nurtured and blooded Gasparotto, may well have spared some of the raised blood pressure caused by the inadequacy of our failing captain. The same could be said of Sinnamon as an alternative to Foster or McKay instead of Smith. In an age of “gardening leave” it’s clear our club is in dire need of a bold, green fingered horticulturist with a proven aptitude for the development of young seedlings.
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But as if that wasn't enough .."Rangers are a new club" Haggerty dropped this clanger... Happy New Year !!
