TheTinMan99 0 Posted March 17, 2014 Share Posted March 17, 2014 Basically, they've called his bluff and he's making the best he can of it. I think King got what he was after to be honest. A public assurance that they have a plan in place for major investment, and that our main assets wouldn't be used against any future loans. I think the season ticket thing was only a means to an end, it was never going to be workable. Even King realises that the current mob have the power sewn up, so he has to play a different game with them. 0 Quote Link to post Share on other sites More sharing options...
Mountain Bear 0 Posted March 17, 2014 Share Posted March 17, 2014 My reading is that he's deliberately emphasising the Board's own statement on having no plans to use MP and Ibrox as collateral, to make that option even more toxic in future and force them down the new equity route. The tone also suggests to me that he's prepared to work with them in future if they'll take his money. Sent from my iPhone using Tapatalk 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted March 17, 2014 Share Posted March 17, 2014 Seems to me he's saying that the board have said they are going to do certain things that he thinks they should be doing but lately it hasn't looked like it. By doing so publicly, they have put their reputation on the line, so you need to give them the time to it especially as it's not a long time and season ticket renewal is afterwards. If they don't don't what they say they will or start fudging it, then we will know we've been lied to, that we can't trust them, and as a result he will rally us to act upon that ie boycott season ticket renewals. 0 Quote Link to post Share on other sites More sharing options...
amms 0 Posted March 17, 2014 Share Posted March 17, 2014 Basically, they've called his bluff and he's making the best he can of it. That's interesting, why do you read it that way? He's now got a month to sort out how to create the season ticket trust mechanism. If the big reveal from Wallace at the end of the 120 days proves to be a damp squib then the pressure is all back on the board. If Wallace reveals a search for new funding via a share offer then King is ideally placed to take that up. King is playing his hand very well here, he's not spent a penny yet, the club are running out of options and nothing can really change between now and mid-April anyway. Whatever the 120 day review brings it can't involve Ibrox or Murray Park being sold/leased which was always a possibility and it can't involve decimating the playing budget or else the whole 'competing with Celtic and in Europe' is also seen to be nonsense. Got to say I think King is playing this pretty well. 0 Quote Link to post Share on other sites More sharing options...
amms 0 Posted March 17, 2014 Share Posted March 17, 2014 Doesn't want a lawyer's letter. I think his lawyers might be bigger than theirs somehow. I think this is about giving them just enough rope to hang themselves. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted March 17, 2014 Share Posted March 17, 2014 I think the season ticket thing was only a means to an end, I think that's a fair assessment it was a bargaining tool; I wonder if he told the UoF and SoS that? 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted March 17, 2014 Share Posted March 17, 2014 Seems to me he's saying that the board have said they are going to do certain things that he thinks they should be doing but lately it hasn't looked like it. By doing so publicly, they have put their reputation on the line, so you need to give them the time to it especially as it's not a long time and season ticket renewal is afterwards. If they don't don't what they say they will or start fudging it, then we will know we've been lied to, that we can't trust them, and as a result he will rally us to act upon that ie boycott season ticket renewals. I'm not sure that they are going to do or not do anything that they hadn't already planned but I'm sure your right that part of this is holding them to account. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted March 17, 2014 Share Posted March 17, 2014 Some are good at reading between the lines. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted March 17, 2014 Share Posted March 17, 2014 That's interesting, why do you read it that way? He's now got a month to sort out how to create the season ticket trust mechanism. If the big reveal from Wallace at the end of the 120 days proves to be a damp squib then the pressure is all back on the board. If Wallace reveals a search for new funding via a share offer then King is ideally placed to take that up. King is playing his hand very well here, he's not spent a penny yet, the club are running out of options and nothing can really change between now and mid-April anyway. Whatever the 120 day review brings it can't involve Ibrox or Murray Park being sold/leased which was always a possibility and it can't involve decimating the playing budget or else the whole 'competing with Celtic and in Europe' is also seen to be nonsense. Got to say I think King is playing this pretty well. Apart from a public statement (which I accept is valuable) I don't think he achieved anything tangible and he got a big knock back on the major plank of his/SoS/UoF scheme, "securing Ibrox for generations" etc against the ST money. I don't see any incentive for folks to do that now. The board will simply say that unless you pay your ST money on our normal terms you will have to buy a match ticket like anyone else i.e. you lost your seat. Game over, I think. 0 Quote Link to post Share on other sites More sharing options...
BrahimHemdani 1 Posted March 17, 2014 Share Posted March 17, 2014 I think his lawyers might be bigger than theirs somehow. I think this is about giving them just enough rope to hang themselves. Well, they certainly have plenty of experience. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.