Stimpy 0 Posted March 30, 2012 Share Posted March 30, 2012 The Rangers Supporters Trust are demanding swift and decisive action is taken to ensure the club is under new ownership before the end of the season. The Rangers Supporters Trust made the call after bidders raised concerns about club administrators Duff and Phelps delaying the administration process. The fans organisations are also calling for: Clarity from administrators over what legal proceedings, if any, have been instituted against Craig Whyte in order to gain control of his shares. Craig Whyte should hand over his shares to supporters groups or administrators in order to allow a quick transfer of ownership. He has previously stated that he was considering gifting the majority of his shares to a supportersâ?? foundation so in the interests of the club he should do this at the earliest opportunity. Brian Kennedy to consider joining Blue Knights Consortium after his bid was declined. Through this process he has acted as someone with the best interests of Rangers at heart and his insight and investment could add value to Blue Knights proposition. A Trust spokesman said: "The administrators appear to be dragging their feet which is far from ideal with the end of the season now just weeks away. The financial consequences of going into the summer without a new owner are serious and would significantly increase the likelihood of liquidation. Getting Rangers out of administration and back on a sound financial footing should be the only priority for people associated with the club which is why it was absolutely shameful for Craig Whyte to be suggesting he wonâ??t deal with the Blue Knights. Craig Whyte used the fans' money to fund his takeover so it would be unacceptable for him force the club into liquidation." http://www.rangerssupporterstrust.co.uk/rstsite/latest-rst-news/441-rst-demand-swift-and-decisive-action 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted March 30, 2012 Share Posted March 30, 2012 100% agree with getting this sorted out sooner, rather than later. The admins are doing very well out of this situation thank you very much and most of what they've been saying about Criag Whytes entitlement to ownership has just been words. What exactly are they doing to resolve the situation? Nothing that I can see. Kennedy may not like working with others, but he has no reason to. If he's genuine about saving Rangers FC, put some backing behind the BK's and let them work it out. You'll get your money back, if not with a profit, a very small loss. That shouldn't worry anyone with such desire to see our great club continue into the future. 0 Quote Link to post Share on other sites More sharing options...
A Horse With No Name 0 Posted March 30, 2012 Share Posted March 30, 2012 The fans organisations are also calling for: Clarity from administrators over what legal proceedings, if any, have been instituted against Craig Whyte in order to gain control of his shares. What's the betting the Administrators planned to issue a statement in a couple of weeks time stating "we have scheduled for a meeting with Craig Whyte to ask him to voluntarily sign over the shares to us, if that doesn't work we'll issue court proceedings after we've exhausted other means...". Tick tock so fekking predictable! It's time for the RST, other fans groups and the officials Rangers to lobby the Government into action! 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 30, 2012 Share Posted March 30, 2012 Craig Whyte should hand over his shares to supporters groups or administrators in order to allow a quick transfer of ownership. He has previously stated that he was considering gifting the majority of his shares to a supportersâ?? foundation so in the interests of the club he should do this at the earliest opportunity. That sounds like an RST wet dream rather than reality shorerdbear. If Whyte hands over his shares/ownership it'll be to the administrators so that they can conclude the sale of the club. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 30, 2012 Share Posted March 30, 2012 Definitely agree that the administrators need to speed things up, but I get the feeling that certain bidders have dragged their heels too, so hopefully all parties will get their fingers out and get things concluded ASAP. We need to remember though, that the best thing for the club is that the administrators choose THE RIGHT person or consortium. If they need to take a bit of time to do that (within reason), then it should be good for the club in the long run. The last thing we need is for them to rush into selling to a new owner or owners who'll try to wreck the club for their own financial benefit or just as bad, owners who don't have a clue what they're doing. 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted March 31, 2012 Author Share Posted March 31, 2012 That sounds like an RST wet dream rather than reality shorerdbear. If Whyte hands over his shares/ownership it'll be to the administrators so that they can conclude the sale of the club. I would agree with that. The point is that we are casting up Whyte's own words from when we first went into admin. Plus, we feel that the shares belong to the support since he used our cash to buy our club. 0 Quote Link to post Share on other sites More sharing options...
Gers4Life 0 Posted March 31, 2012 Share Posted March 31, 2012 This guy used/ stole fans season ticket money to fund his takeover and should be stood in front of a judge to explain his actions and then locked up! 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted March 31, 2012 Share Posted March 31, 2012 I'd like to see a panel of volunteers to do due diligence. Volunteers like WS and Ally. This could be the last ever takeover or the next. I worry. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 31, 2012 Share Posted March 31, 2012 The point is that we are casting up Whyte's own words from when we first went into admin. Whyte is a proven liar and not someone who's word can be taken as honourable, so trying to hold him to his word will do little more than yet again highlight that he doesn't honour it. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted April 1, 2012 Share Posted April 1, 2012 Plus, we feel that the shares belong to the support since he used our cash to buy our club. Strictly speaking that's not correct, of course. He used the the promise or expectation of fans' future season ticket money to pay of LBG; he bought the Club or even more correctly the majority share holding in it, for £1 Cash. Nonetheless the point is well made; but as Zappa says highly unlikley he'll deliver because if he does he looses control of the situation. 0 Quote Link to post Share on other sites More sharing options...
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