chilledbear 16 Posted October 24, 2014 Share Posted October 24, 2014 For clarification the offer has been made by Brian Kennedy. Unlike King's package it doesn't need shareholder support. Board approval enough Board were meeting this afternoon to discuss both options. As yet no word of decision being made. 0 Quote Link to post Share on other sites More sharing options...
JTP 0 Posted October 24, 2014 Share Posted October 24, 2014 Someone please merge this and the Ashley thread I'm jumping between both for updates ............ 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted October 24, 2014 Share Posted October 24, 2014 Board were meeting this afternoon to discuss both options. As yet no word of decision being made. I understand Brian Kennedy has travelled to Glasgow this afternoon. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted October 24, 2014 Share Posted October 24, 2014 Club 9 Sports waiting in the wings? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,110 Posted October 24, 2014 Share Posted October 24, 2014 Irrelevant even before it's release due to Nash resignation. I have been asked to make a personal comment on the rumour that the Rangers board is considering a loan from Mr Ashley. I don't see the offer of a short term loan by Mr Ashley affecting me in any way. Our offer is for a long term permanent solution that can take the club forward and unite the fans and the board for the first time in many years. The board is in the final stages of reviewing our offer and I expect a definitive answer early next week. Frankly, it doesn't seem possible that the board can do anything other than recommend it to shareholders given the dire financial circumstances and the fact that no other long term solution is on offer. Mr Ashley's involvement (and recently announced continued commitment) with Newcastle precludes him from making a similar offer of long term permanent equity. What Mr Ashley can do is attempt to increase his vice-like grip on the Rangers brand by improving his retail position as a condition for supplying short term debt to tide the club over until our permanent funding is in place. But I know that there are other investors also willing to provide bridging finance. The board will therefore not have to accept punitive terms even if Ashley attempts to oppose them. We must remember that the board is ethically and legally bound to act in the best interest of the company and all shareholders. Ashley can not expect preferential treatment and will not get it. I am confident that Graham Wallace and Philip Nash have enough integrity and commercial experience to do the right thing. http://www.twitlonger.com/show/n_1sdec2h 0 Quote Link to post Share on other sites More sharing options...
jhunter 0 Posted October 24, 2014 Share Posted October 24, 2014 Irrelevant even before it's release due to Nash resignation. I am confident that Graham Wallace and Philip Nash have enough integrity and commercial experience to do the right thing. so nash bailed thinking "fuck this"? 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted October 24, 2014 Share Posted October 24, 2014 RFC board meeting still on going.... 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,110 Posted October 24, 2014 Share Posted October 24, 2014 so nash bailed thinking "fuck this"? It appears so. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 24, 2014 Share Posted October 24, 2014 Very disappointing news about Nash resigning because by all accounts he was one of the good guys and supposedly excellent at his job. The board are probably caving in to Ashley's demands because they're desperately trying to avoid the EGM he requisitioned. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted October 24, 2014 Share Posted October 24, 2014 Very disappointing news about Nash resigning because by all accounts he was one of the good guys and supposedly excellent at his job. The board are probably caving in to Ashley's demands because they're desperately trying to avoid the EGM he requisitioned. If so, he must have been the only good guy. 0 Quote Link to post Share on other sites More sharing options...
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