Ally backing fans at agm

[the gunslinger 3,366]

So they invested for investment's sake and look on as their shareprices drop by the week? I doubt that they (alone) will be asked to raise any cash.

 

Many of the 26 percent running the club got shares for a penny. They cant lose cash. They will want dividends more than trophies.

[craig 5,195]

Gotta laugh.....

 

"Ironically in Ally McCoist’s case, the shares he was given – those shares that may be voted against the board on Thursday – may prove to be a very luxurious cushion in future years."

 

True Bill... but just as plausible is that those shares that McCoist has could be worth as much as.... Ohh, I dont know, the shares in oldco ? ie. worthless.

 

Again, talk about being agenda-driven. He talks about this board providing McCoist with shares that could be worth a fortune... what he doesnt do is tell us that the current owners (most still own the majority of shares) have seen their share value tumble by almost 50%. Aye Bill, much as though history isnt an indicator of the future, this Board have done the square root of nothing to produce value in the club.

 

So, Bill, what has this Board done to increase the value of the club so that those shares have worth in excess of what was paid for them ? They have spunked most of the IPO money and very little of it on income-producing assets.... so where is the money coming from for the income-producing assets ?

 

Lets not also forget that, at present share price, you would need to see an increase of almost 100% just to get back to IPO price (cant be bothered checking the figures exactly).

 

So just what ARE the plans of this present Board. Because, from my view, whilst you and your cronies (Toxic Jack, Media House, Easdales) have been bumping your gums about how the requisitioners havent procided plans on how they would enhance the club... it shouldnt be forgotten that the encumbents (yes, all your buddies), the ones with the inside info, have done, again, the square root of NOTHING in terms of giving the fans your own plans of this great new dawn.

 

Yet for some reason you make an attempt at suggesting you are unbiased and simply offering your opinion.... I dont believe you Bill.

[the gunslinger 3,366]

Every single director ever appointed to the newco has been appointed by the 1p club.

 

When one fucks up he gets paid off or sacked and they find a new pal to come in.

 

Same if you turn against them.

 

They will win the agm vote simply because we are at minimum 80percent owned by investors not fans and none of them want us run by fans. Or not enough of them.

 

The notion the 1p club care about the share price is debatable. The idea they care about trophies highly debatable.

 

We the fans will need to exert control and demand success as we always have before and if the 1p club dont deliver we need to force them out.

[RANGERRAB 3,254]

Every single director ever appointed to the newco has been appointed by the 1p club.

 

When one fucks up he gets paid off or sacked and they find a new pal to come in.

 

Same if you turn against them.

 

They will win the agm vote simply because we are at minimum 80percent owned by investors not fans and none of them want us run by fans. Or not enough of them.

 

The notion the 1p club care about the share price is debatable. The idea they care about trophies highly debatable.

 

We the fans will need to exert control and demand success as we always have before and if the 1p club dont deliver we need to force them out.

 

Everyone had the opportunity to get shares a year ago. The ones who chose not to seem to be making the most noise at present. Frankly it was a joke that the requisitioners were simply going around lobbying shareholders instead of getting proper financial backing. What was Jim McColl all about ? King too. If Laxey can fork out £1.3m for 5 per cent of Rangers couldn't McColl or King have done that given their wealth? Or maybe more ?

We are where we are.Rangers are a plc owned by shareholders who will elect who they wish to run Rangers on thursday. It's a foregone conclusion. Get over it.

[bluebear54 0]

You can run it into the ground, however

 

Quite correct Steve.

We may end up in a bleak place.

However, no matter where or who we play, I'm quite sure we will take our fan base - no matter what level.

Where are the tyrants who are running Rangers going to get their money from then?

[RANGERRAB 3,254]

Quite correct Steve.

We may end up in a bleak place.

However, no matter where or who we play, I'm quite sure we will take our fan base - no matter what level.

Where are the tyrants who are running Rangers going to get their money from then?

 

What if we don't end up in a bleak place? What if whichever Easdale it was interviewed on Friday really has got investors lined up? My gripe all along is that the requisitioners were a joke all along .They were nothing more than the Blue Knights tribute act.

[Super Cooper 0]

Everyone had the opportunity to get shares a year ago. The ones who chose not to seem to be making the most noise at present. Frankly it was a joke that the requisitioners were simply going around lobbying shareholders instead of getting proper financial backing. What was Jim McColl all about ? King too. If Laxey can fork out £1.3m for 5 per cent of Rangers couldn't McColl or King have done that given their wealth? Or maybe more ?

We are where we are.Rangers are a plc owned by shareholders who will elect who they wish to run Rangers on thursday. It's a foregone conclusion. Get over it.

 

King was fighting a huge tax battle which is now over.

[SteveC 150]

Donald Findlay chips in:

 

Andy Newport ‏@Andythemod9 1h

On PA wires: Donald Findlay backs Rangers board room change - and claims directors in charge over past year should be "ashamed"

 

from FF:

 

Former Rangers vice-chairmen Donald Findlay has backed calls for boardroom change at Ibrox - and claimed the directors who have overseen the shambolic past 12 months should be "ashamed" of their reign.

 

The QC - who served during former owner David Murray's tenure - attacked the PLC directors who have presided over a £14.4million loss during the 13-month period up to June.

 

He also hit out at Brian Stockbridge after the finance director was forced to hand back a £200,000 bonus awarded to him after the club won the Scottish Third Division title last season.

 

And Findlay - now chairman of Cowdenbeath - called on shareholders to remove the current board at Thursday's Annual General Meeting.

 

The build-up to the meeting has been dominated by a bitter dispute between the current directors - including chairman David Somers, chief executive Graham Wallace, James Easdale and Stockbridge - and rebel shareholders Paul Murray, Malcolm Murray, Scott Murdoch and Alex Wilson, who hope to win stakeholder backing to take control of the Glasgow giant's purse strings.

 

Findlay told Press Association Sport: "The squabbling has gone on too long. It's time to clear the whole lot out and only have people in who want to take the club forward and who do not want to take a penny out of it. If you sit on the board of Rangers, you should not be taking a penny out of it, even if it's just to buy a blazer.

 

"They need to get people in there who have the best interests of the club at heart and who are capable of running Rangers in the way Rangers should be run.

 

"I don't know these people - either those on the board or the other side. I spoke to one of the Murrays once about something different altogether but that is it.

 

"But the AGM has to ensure that the people who come in are prepared to speak publicly, to be scrutinised by the supporters or anyone else that wants to scrutinise them, to put in all their time and effort to put Rangers Football Club back where it should be and to say that they will not take a penny from the club, neither now nor in the future.

 

"If someone has a job, then you pay them the going rate. But as for the directors, they should not be taking a penny out of that club as far as I'm concerned."

 

Rangers raised £22.2 million when it was listed on the London Stock Exchange in December - but Stockbridge has already gone on the record admitting the 54-time Scottish champions could be down to their last £1million by April.

 

Former chief executive Charles Green led that IPO process but has since been succeeded by Craig Mather and now Wallace. Malcolm Murray was also on the board at that point as chairman but he too has seen former manager Walter Smith and now Somers follow him into the roll.

 

Findlay added: "The way the club was floated was mucked up from the beginning. The wrong people did it, the wrong people invested, the wrong people are now in charge.

 

"The people responsible for what Rangers Football Club has done to itself and the embarrassment and distress it has caused its supporters should be ashamed of themselves and should not be allowed anywhere near it.

 

"These people do not own Rangers - it does not belong to any one person. They may be in charge for the time being but the club belongs to the people who support it. They are the only ones who matter, nobody else."

 

As well as his bonus, Stockbridge is paid an annual salary of over £200,000, while former chief executive Charles Green earned £933,000 during his 13 months at the helm.

 

However, Sandy Easdale - brother of James and the new chairman of the club's football board - claimed last week that he does not take a wage from the Rangers coffers.

 

But Findlay, who stepped down as the club's vice-chairman in 1999 after he was caught on camera singing a controversial anthem, said: "When Sir David Murray and I ran Rangers, not one of us took a penny out of the club.

 

"Someone who is the club's internal accountant should be paid the commercial rate if you are going to get the right guy. Of course he should.

 

"But frankly the notion that a financial director should be given a £200,000 bonus for winning the Third Division is ridiculous. Absolutely ridiculous. And that tells me that whoever made that decision should not be running Rangers Football Club."

[RANGERRAB 3,254]

King was fighting a huge tax battle which is now over.

 

McColl wasn't and couldn't King have got those shares instead of laxey recently ?

[craig 5,195]

Everyone had the opportunity to get shares a year ago. The ones who chose not to seem to be making the most noise at present. Frankly it was a joke that the requisitioners were simply going around lobbying shareholders instead of getting proper financial backing. What was Jim McColl all about ? King too. If Laxey can fork out £1.3m for 5 per cent of Rangers couldn't McColl or King have done that given their wealth? Or maybe more ?

We are where we are.Rangers are a plc owned by shareholders who will elect who they wish to run Rangers on thursday. It's a foregone conclusion. Get over it.

 

King has always said he would buy but only if the money was going directly into the club. Not one penny of Laxey's purchase went to the club. It went to people prepared to sell their already issued shares. So it isnt quite a like-for-like comparison, at least not between King & Laxey.