Super Cooper 0 Posted March 17, 2014 Share Posted March 17, 2014 You seem to have at the very least a defeatist attitude, is it because you are not involved with UOF ? You also have a very low opinion of fellow fans if you think they will put their seats before their club. Reads to me like Brahim being realistic tbh. 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted March 17, 2014 Share Posted March 17, 2014 As much as i want to stamp my feet, scream and scream till i get my way. The change we want is going to take a while longer, This board are not for turning so we must force change on them. Keep picking away at their weak points, lack of transparency, lack of investment, unpopular board members and financial mismanagement like the Laxey loan. They continue to make mistakes so we must be ready to pounce on them when they are highlighted, What worries me is, will the continued unrest affect the team and Ally's ability to compete in the Championship next season? 0 Quote Link to post Share on other sites More sharing options...
Anchorman 0 Posted March 17, 2014 Share Posted March 17, 2014 What worries me is, will the continued unrest affect the team and Ally's ability to compete in the Championship next season? I don't think 'unrest' will be the biggest issue for Ally's 'ability' to compete in the Championship next season. 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted March 17, 2014 Share Posted March 17, 2014 What worries me is, will the continued unrest affect the team and Ally's ability to compete in the Championship next season? No, Ally will make sure we struggle all by himself. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted March 18, 2014 Share Posted March 18, 2014 You seem to have at the very least a defeatist attitude, is it because you are not involved with UOF ? You also have a very low opinion of fellow fans if you think they will put their seats before their club. Seats matter to people, there's an emotional attachment involved especially if it involves sitting with family and/or mates. It's not something many will want to give up without pretty hard evidence as to why they should. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted March 18, 2014 Share Posted March 18, 2014 Seats matter to people, there's an emotional attachment involved especially if it involves sitting with family and/or mates. It's not something many will want to give up without pretty hard evidence as to why they should. Seats I doubt but areas I would probably agree. I can imagine anyone who has a seat by the centre line will want to hold his place 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,329 Posted March 18, 2014 Share Posted March 18, 2014 Seats I doubt but areas I would probably agree. I can imagine anyone who has a seat by the centre line will want to hold his place Seats DO matter. If lose my seat and don't sit besides my friends in my row and the 2 rows beside me then I don't renew. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted March 18, 2014 Share Posted March 18, 2014 This was always the most likely short term conclusion. Pressure remains on the incumbents to provide a suitable business plan as well as to indicate funding for our return to the SPL. As much as I'm not convinced by King, I'm certainly glad he's applying credible pressure in that respect. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,416 Posted March 18, 2014 Author Share Posted March 18, 2014 Keith Jackson Dave King accuses Rangers board of treating Laxey Partners better than fans who dig deep for season tickets KING'S latest statement highlighted his fierce opposition to the terms of the £1million crisis loan recently agreed with major shareholders Laxey Partners. DAVE KING has accused the Rangers board of treating hedge fund firm Laxey Partners better than it plans to treat season ticket holders. King’s latest statement was released yesterday afternoon, a full three days after meeting with the under-fire regime he hopes to help bring down. And while he adopted a more conciliatory tone, King indicated his fierce opposition to the terms of the £1million crisis loan recently agreed with major shareholders Laxey. That agreement – secured against two of the club’s most valuable assets – will see the firm rake in a £150,000 profit before being paid back in full from season-ticket cash. And King is disappointed the board is unwilling to offer similar levels of financial protection to fans who are about to be asked to plough another £8m of their own money into the coffers. The emergency funding was secured by non-executive director Norman Crighton’s investment committee. And King says Crighton – who is viewed as Laxey’s man on the board – defended the structure of the deal in last week’s talks. King said: “Mr Crighton made a forcible argument as to why the board considered and approved the loan’s terms. “The board considered that a combination of legal risk and the current financial position justified the loan terms. “I replied that a consequence of the board’s view of the high risk to anyone advancing funds to the club is the board’s fiduciary responsibility to ring fence season-ticket money received (even if fans don’t request this) unless sufficient committed financing is in place. “The board did not agree with me on this logical consequence but I believe my observation is correct.” King also stressed the board has given him assurances that neither Ibrox Stadium nor Murray Park will be offered up as security against any further fund rasing. And he warned that, under strict Stock Exchange rules, the regime cannot go back on its word. He said: “The more important issues I raised at the meeting were: 1. The lack of transparency on the club’s financial position. “2. My concern the board was operating in a manner that would consign us to being permanent also-rans compared to Celtic. “3. Fans could not be expected to pay for season tickets while uncertainty continued around the board’s ambition and funding of the club. “4. My concern that Ibrox and Murray Park would be used, directly or indirectly, as security for some form of financing. The board has now publicly dealt with each of the above. “It is also important the board has now confirmed categorically they will not use Ibrox or Murray Park as security for any form of fund raising. “Statements from a public company board are intended to be relied upon so in a couple of weeks we can expect a business review that will reflect the board’s ambition and a funding plan to achieve this. “We can also rely on the fact that if circumstances change the board would be bound to advise the public in advance of this. “I advised the board I would wish to be a part of the required fund raising as a component of a united fan group investment vehicle. This will require further discussion after the review.” 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted March 18, 2014 Share Posted March 18, 2014 I still think something has been said behind closed doors for King to publicly step back. 0 Quote Link to post Share on other sites More sharing options...
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