ian1964 10,409 Posted October 7, 2014 Share Posted October 7, 2014 keith jackson @tedermeatballs · 9s 10 seconds ago OK bed time. Back page will be up soon. Suffice to say a multi million pound bailout offer has been made by a three man consortium. https://twitter.com/tedermeatballs/with_replies 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 7, 2014 Share Posted October 7, 2014 pol pot, hitler and stalin knowing our luck 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted October 7, 2014 Share Posted October 7, 2014 Zzzzzzzzzzzzz. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 7, 2014 Share Posted October 7, 2014 DAVE King, Paul Murray and George Letham are locked in discussions with the Rangers board over a potential multi-million pound bailout. Record Sport can reveal the trio of wealthy fans have teamed up in a joint bid to help their club stave off another financial collapse by offering to fund an urgently needed cash injection. And the proposed rescue package could see King, Murray and Letham become key players as the club tries to move forward after almost three years of civil war. Last night none of the parties involved were willing to comment when approached by Record Sport. However, we understand talks have been ongoing between chief executive Graham Wallace and the King-led consortium for more than four weeks. With the club’s cash position becoming critical, there is a growing sense of urgency to shake hands on a deal. In fact, Wallace and Murray have met again over the last 48 hours in a bid to thrash out a deal. Wallace, though, could still face resistance from fellow directors including James and Sandy Easdale, who have formed an alliance with Newcastle owner Mike Ashley. Just last week Ashley increased his stake in Rangers to almost nine per cent following meetings with the Easdale camp in London. As we revealed last month, Sandy Easdale has also been attempting to secure outside investment from a Malaysian consortium with the help of Rafat Rizvi – a convicted criminal wanted by Interpol for money laundering and embezzlement in Indonesia. The Easdales also hold proxy votes over a large block of shares including those belonging to Blue Pitch Holdings and Margarita Holdings. Together with Ashley’s 8.92 per cent stake, this group accounts for 22.75 per cent of the current holding. It’s unclear if the two largest shareholders, Laxey Partners (16.3 per cent) and Artemis Investment Management (9.95 per cent) are siding with Easdale or Wallace. But with King, Murray and Letham joining forces – and with another wage bill to be met in three weeks – Wallace is hopeful of persuading them to back the new proposal. King, Murray and Letham have played prominent roles at different points throughout the recent Rangers narrative. King and Murray were part of the old board before Craig Whyte’s disastrous takeover. Murray then led the Blue Knights consortium which tried to purchase the club. South African-based tycoon King recently pledged to plough £30m into rebuilding Rangers but only if he was guaranteed outright control while Letham weighed in with a £1m crisis loan to keep the floodlights switched on before the end of last season. The latest developments came as protest group Sons of Struth met in Glasgow last night where angry fans again demanded that the current regime at Ibrox is ousted. Reply With Quote 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,409 Posted October 7, 2014 Author Share Posted October 7, 2014 Dave King joins forces with Paul Murray and George Letham for crunch talks with Rangers board over multi-million pound bailout RECORD Sport can reveal the trio of wealthy fans have teamed up in a joint bid to help the Ibrox club stave off another financial collapse by offering an emergency rescue package. DAVE King, Paul Murray and George Letham are locked in discussions with the Rangers board over a potential multi-million pound bailout. Record Sport can reveal the trio of wealthy fans have teamed up in a joint bid to help their club stave off another financial collapse by offering to fund an urgently needed cash injection. And the proposed rescue package could see King, Murray and Letham become key players as the club tries to move forward after almost three years of civil war. Last night none of the parties involved were willing to comment when approached by Record Sport. However, we understand talks have been ongoing between chief executive Graham Wallace and the King-led consortium for more than four weeks. With the club’s cash position becoming critical, there is a growing sense of urgency to shake hands on a deal. In fact, Wallace and Murray have met again over the last 48 hours in a bid to thrash out a deal. Wallace, though, could still face resistance from fellow directors including James and Sandy Easdale, who have formed an alliance with Newcastle owner Mike Ashley. Just last week Ashley increased his stake in Rangers to almost nine per cent following meetings with the Easdale camp in London. As we revealed last month, Sandy Easdale has also been attempting to secure outside investment from a Malaysian consortium with the help of Rafat Rizvi – a convicted criminal wanted by Interpol for money laundering and embezzlement in Indonesia. The Easdales also hold proxy votes over a large block of shares including those belonging to Blue Pitch Holdings and Margarita Holdings. Together with Ashley’s 8.92 per cent stake, this group accounts for 22.75 per cent of the current holding. It’s unclear if the two largest shareholders, Laxey Partners (16.3 per cent) and Artemis Investment Management (9.95 per cent) are siding with Easdale or Wallace. But with King, Murray and Letham joining forces – and with another wage bill to be met in three weeks – Wallace is hopeful of persuading them to back the new proposal. King, Murray and Letham have played prominent roles at different points throughout the recent Rangers narrative. King and Murray were part of the old board before Craig Whyte’s disastrous takeover. Murray then led the Blue Knights consortium which tried to purchase the club. South African-based tycoon King recently pledged to plough £30m into rebuilding Rangers but only if he was guaranteed outright control while Letham weighed in with a £1m crisis loan to keep the floodlights switched on before the end of last season. The latest developments came as protest group Sons of Struth met in Glasgow last night where angry fans again demanded that the current regime at Ibrox is ousted. http://www.dailyrecord.co.uk/sport/football/football-news/dave-king-paul-murray-george-4398635 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 7, 2014 Share Posted October 7, 2014 i would suggest the fans try to force this through or we can regret it at our leisure. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,409 Posted October 7, 2014 Author Share Posted October 7, 2014 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted October 7, 2014 Share Posted October 7, 2014 Fingers crossed 0 Quote Link to post Share on other sites More sharing options...
Bearman 9 Posted October 7, 2014 Share Posted October 7, 2014 Record Sport can reveal.... The World is in fact not round but slightly oblong and maybe quite less than actually oblong, according to a spokesman it may well indeed be round. Record Sport has taken a break for a meeting to decide how we should report this sensation. In the meantime...the Daily Record insist you should not worry and carry on buying the newspaper. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 7, 2014 Share Posted October 7, 2014 Where's Rab to pish all over this..?.. 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.