George Letham, George Taylor and Douglas Park offer Rangers £6.5million alternative

[forlanssister 3,050]

What £16 million , that was our own money

 

Nah, it's Green/Ahmad/Stockbridge/Rizvi/Easdales/Ashley's money surely.

 

Aren't we fortunate to have such people looking after our interests? f*&k knows where we'd be without them!

Edited December 30, 2014 by forlanssister

[Ser Barristan Selmy 222]

Nah, it's Green/Ahmad/Stockbridge/Rizvi/Easdales/Ashley's money surely.

 

Aren't we fortunate to have such people looking after our interests? f*&k knows where we'd be without them!

You almost wonder what his agenda is

[quattro 0]

Good fairies only appear in pantomimes, whereas in the real world.

 

The Rangers Football Club Ltd (TRFCL) has reported an £18.19 million pre-tax loss for the 13 months to June 30, 2013.

 

The company, with operates “a professional football club in Scotland, together with related commercial activities”, reports it owes parent company Rangers International Football Club Plc (RIFC), £16.16 million.

 

TRIFC notes the amounts owed to Rangers International “are unsecured, repayable on demand and do not accrue interest".

[rbr 1,247]

Good fairies only appear in pantomimes, whereas in the real world.

 

The Rangers Football Club Ltd (TRFCL) has reported an £18.19 million pre-tax loss for the 13 months to June 30, 2013.

 

The company, with operates “a professional football club in Scotland, together with related commercial activities”, reports it owes parent company Rangers International Football Club Plc (RIFC), £16.16 million.

 

TRIFC notes the amounts owed to Rangers International “are unsecured, repayable on demand and do not accrue interest".

 

You do understand that all the money raised in the share issues etc went to the parent company , ie its our own money

[Calgacus 8]

TRFCL is a wholly owned subsidiary of RIFC. Any debt owed to the parent company by the subsidiary only becomes relevant if a third party wants to buy the subsidiary. That is not what Letham etc want to do. They want to become involved in the parent. This talk about TRFCL's debt is just more smoke and mirrors from the usual suspects.

[Siam69 0]

They will be considering the £16 million owed to the PLC on top of Ashley's £3 million.

 

Good fairies only appear in pantomimes, whereas in the real world.

 

The Rangers Football Club Ltd (TRFCL) has reported an £18.19 million pre-tax loss for the 13 months to June 30, 2013.

 

The company, with operates “a professional football club in Scotland, together with related commercial activities”, reports it owes parent company Rangers International Football Club Plc (RIFC), £16.16 million.

 

TRIFC notes the amounts owed to Rangers International “are unsecured, repayable on demand and do not accrue interest".

Now where have a I read near enough the exact same posted not so long ago, and by whom?

 

Beelin

[chilledbear 16]

Today they received an invitation to talks in the shape of a statement from Jack Irvine, advisor to Sandy Easdale, chairman of the Rangers football board.

 

Irvine said: "Sandy would welcome investment from Douglas Park and his friends. As regards board seats that is not his decision."

 

The initial offer from the consortium, known as the Three Bears because of the members' support for Rangers, was conditional on receiving two seats on the board.

 

A spokesman for the consortium said last night: "Representatives of the company have made contact with our group following our original proposal and we are considering our response."

 

The Herald understands, though, that no deal is imminent with talks still to be arranged. High on the agenda will be how the money can be put into the club and what security can be offered.

 

http://www.heraldscotland.com/sport/football/sandy-easdale-open-to-rangers-investment-offer-from-three-bears.115355898?utm_source=www.heraldscotland.com&utm_medium=RSS%20Feed&utm_campaign=Scottish%20Sports%20News

[jhunter 0]

Today they received an invitation to talks in the shape of a statement from Jack Irvine, advisor to Sandy Easdale, chairman of the Rangers football board.

 

Irvine said: "Sandy would welcome investment from Douglas Park and his friends. As regards board seats that is not his decision."

 

The initial offer from the consortium, known as the Three Bears because of the members' support for Rangers, was conditional on receiving two seats on the board.

 

A spokesman for the consortium said last night: "Representatives of the company have made contact with our group following our original proposal and we are considering our response."

 

The Herald understands, though, that no deal is imminent with talks still to be arranged. High on the agenda will be how the money can be put into the club and what security can be offered.

 

http://www.heraldscotland.com/sport/football/sandy-easdale-open-to-rangers-investment-offer-from-three-bears.115355898?utm_source=www.heraldscotland.com&utm_medium=RSS%20Feed&utm_campaign=Scottish%20Sports%20News

 

i thought the easdales didn't employ jack irvine?

[forlanssister 3,050]

Today they received an invitation to talks in the shape of a statement from Jack Irvine, advisor to Sandy Easdale, chairman of the Rangers football board.

 

Irvine said: "Sandy would welcome investment from Douglas Park and his friends. As regards board seats that is not his decision."

 

The initial offer from the consortium, known as the Three Bears because of the members' support for Rangers, was conditional on receiving two seats on the board.

 

A spokesman for the consortium said last night: "Representatives of the company have made contact with our group following our original proposal and we are considering our response."

 

The Herald understands, though, that no deal is imminent with talks still to be arranged. High on the agenda will be how the money can be put into the club and what security can be offered.

 

http://www.heraldscotland.com/sport/football/sandy-easdale-open-to-rangers-investment-offer-from-three-bears.115355898?utm_source=www.heraldscotland.com&utm_medium=RSS%20Feed&utm_campaign=Scottish%20Sports%20News

 

If they were serious about the offer they'd be talking right now rather than trying to beg a loan from absolutely anyone apart from Letham, Park and Taylor.

 

Toxic Jack seems desperate to buy his clients time in the hope they can save their blazers!

[ian1964 10,409]

Rangers power struggle: Sandy Easdale admits he would make deal with Park consortium trying to force change at Ibrox

 

Dec 30, 2014 20:54

By Keith Jackson

 

THE Ibrox director admitted he was willing to negotiate with wealthy fans Douglas Park, George Letham and George Taylor in order to find secure vital funds for the club.

 

SANDY EASDALE last night insisted he is ready to broker a peace deal with the consortium trying to force regime change at Ibrox.

 

The controversial Rangers director has issued a statement to Record Sport in which he “welcomes” the move by three wealthy fans – Douglas Park, George Letham and George Taylor – to pump a lifesaving £6.5million into the

crisis-ravaged club.

 

With the Championship outfit now weeks away from insolvency, motor magnate Park is spearheading an 11th-hour bailout proposition that would secure his group 30 per cent ownership of the club as well as two seats on the board.

 

But while Easdale says he is open to accepting the cash on offer from Park’s group he would not confirm that, in return, they would be allowed to take up boardroom positions.

 

In the statement, PR guru Jack Irvine – who represents both Sandy and his brother James – said: “Sandy would welcome investment from Douglas Park and his friends. As regards board seats that is not his decision.

 

“Sandy always takes a rational, pragmatic view of business matters. He and James didn’t build Scotland’s biggest independent bus company by being stupid.”

 

Last night, the Park-led consortium confirmed they are now finally engaged in discussions with the Rangers regime, a week after submitting their £6.5m offer.

 

A spokesman said: “Representatives of the company have made contact with our group following our original proposal and we are considering our response.”

 

Record Sport revealed yesterday how chairman David Somers had previously pleaded for help from other potential

investors – bombarding several of them with begging letters at 4am on Boxing Day.

 

However, the bizarre plan appears to have failed, leaving Rangers running out of options and time as the clock ticks down to the New Year.

 

Somers played an active role in helping Newcastle owner Mike Ashley seize control of the Ibrox boardroom in November when £3m emergency loans were agreed.

 

But the bulk of that money is now gone and Rangers do not have enough left to cover their operating costs for January.

 

With the SFA refusing to allow Ashley to underwrite a new share issue – which would have taken his holding up to

29.9 per cent – Park and his people are emerging as the bank of last resort.

 

In 2012 the Lanarkshire-based businessman attempted to rescue Rangers from the threat of liquidation as part of the Blue Knights consortium, only to be knocked out of the process when administrators Duff and Phelps accepted a rival bid from Charles Green.

 

Easdale’s spokesman added: “Sandy has enormous respect for Douglas Park’s business acumen but like all of us has been disappointed that despite the bluster of the younger members of the Blue Knights they always appeared to be the bridesmaid but never the bride. Perhaps Mr Park was badly advised. We will never know.

 

“One thing is crystal clear. The Easdales and the Parks have a common goal – the re-emergence of Rangers as a footballing power.

 

“Wouldn’t it be wonderful if 2015 saw all Rangers fans, rich and not so rich, pull together to achieve this goal.

 

“Sandy’s arms are opened to all Rangers supporters wherever they may be.”

 

But Easdale’s attempted olive branch has done little to convince his critics among a Rangers support that is now on the verge of a full scale revolt against the current regime.

 

We can also reveal that on Saturday protest group the Sons of Struth will lead a boycott of the club’s home game against Dumbarton.

 

They are urging supporters to join them outside the stadium in a silent tribute to the 66 fans who lost their lives in the Ibrox Disaster on January 2, 1971 before dispersing at kick-off time.

 

Founder Craig Houston suspects Easdale’s statement is an attempt to keep as many fans as possible inside the stadium after seeing recent crowds drop to less than 20,000.

 

Houston said: “It comes as no surprise to me that, in the run-up to a home game, Sandy Easdale chooses to release a

statement in which he welcomes these new investors.

 

“Some would see this more as an attempt to present himself as some sort of dealmaker or to endear himself to

Rangers fans.

 

“I would rather hear from those who are actually involved in the process and that is the board of directors at Rangers. He has no place in these discussions so is this yet another example of him playing a part that he has no right to play?

 

“More and more fans have had enough of this charade. Many are now in the ‘not a penny more’ camp and I must admit I’m swaying towards that myself. I will not attend this Saturday’s match.

 

“However, as the first home game of each year is a time when our club’s fans unite to show respect to those who died at the Ibrox Disaster, I will be placing flowers at the memorial as usual and joining the pre-match silence.

 

“I will pay my respects from the memorial out side the stadium with no plans for any protest or demo.

 

“I have asked other Rangers fans who refuse to go to the game to join me in paying respect in this manner and the initial response suggests it’s a plan welcomed by many.

 

“The Ibrox Disaster is close to all Rangers fans’ hearts and I hope all those who cannot bring themselves to attend games until there’s changes in the ways our club is run, consider showing up to join us in a tribute to the 66.”

 

Fans were further infuriated yesterday when it emerged midfield starlet Lewis Macleod was finalising his £1million move to Brentford. The contract should be signed this morning after he completed his medical last night.

 

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-power-struggle-sandy-easdale-4896074