rbr 1,247 Posted October 3, 2014 Share Posted October 3, 2014 We're not really "due" it until Sports Direct decide that we're "due" it. How exactly does that work Fs , surely there must be a due date for monies owed , SD cannot just hold onto it indefinitely 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted October 3, 2014 Share Posted October 3, 2014 How exactly does that work Fs , surely there must be a due date for monies owed , SD cannot just hold onto it indefinitely IIRC they have the voting rights (within RR/SD joint venture) to move the financial goalposts when they want. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 3, 2014 Share Posted October 3, 2014 If it's still to be paid, then that money would certainly ease the time constraints involved in publishing accounts, holding an AGM & a Public Offer before the cash runs out. That's IF it's still owed..... But if Sports Direct decide they'd like to use that money to cover the walls of the stores in gold leaf rather than pay a dividend then they can, dividends are entirely in the gift of Sports Direct, we have no automatic right to receive as much as a single penny. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 3, 2014 Share Posted October 3, 2014 How exactly does that work Fs , surely there must be a due date for monies owed , SD cannot just hold onto it indefinitely Rangers own 51% and Sports Direct 49% of the joint venture however in all matters financial Sports Directs shares have 2 votes ergo Sports Direct have 98 votes on all matters financial and Rangers have 51. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted October 3, 2014 Share Posted October 3, 2014 Rangers own 51% and Sports Direct 49% of the joint venture however in all matters financial Sports Directs shares have 2 votes ergo Sports Direct have 98 votes on all matters financial and Rangers have 51. That's absolutely mental , how long does this contract run for or is it indefinite 0 Quote Link to post Share on other sites More sharing options...
buster. 4,808 Posted October 3, 2014 Share Posted October 3, 2014 That's absolutely mental , how long does this contract run for or is it indefinite Add it to the pound Ashely paid for the Stadium Naming rights..........double mental 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 3, 2014 Share Posted October 3, 2014 That's absolutely mental , how long does this contract run for or is it indefinite IIRC initially for 7 years, but if Ashley is doing a favour to Greenco by obtaining shares then expect that favour to be returned many times over. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 3, 2014 Share Posted October 3, 2014 Rangers own 51% and Sports Direct 49% of the joint venture however in all matters financial Sports Directs shares have 2 votes ergo Sports Direct have 98 votes on all matters financial and Rangers have 51. I thought it was just that when Green stepped down we were left outvoted 2 to 1 on that Rangers Retail board because only Stockbridge was left on it, but we currently have Wallace & Nash on it do we not? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 3, 2014 Share Posted October 3, 2014 I thought it was just that when Green stepped down we were left outvoted 2 to 1 on that Rangers Retail board because only Stockbridge was left on it, but we currently have Wallace & Nash on it do we not? The composition of the board is irrelevant, we could have 10 Directors to their 1 but their one would always prevail on matters financial. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 3, 2014 Share Posted October 3, 2014 The composition of the board is irrelevant, we could have 10 Directors to their 1 but their one would always prevail on matters financial. Utterly baffling. You have to wonder why Green, Ahmad, Stockbridge & co would agree to that retail deal if it left the Club with no say on the financial matters of Rangers Retail Ltd and no guarantee of the Club receiving it's retail income despite owning 51% of it. 0 Quote Link to post Share on other sites More sharing options...
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