SteveC 150 Posted December 30, 2014 Share Posted December 30, 2014 (edited) PANIC-stricken chairman David Somers pleaded for someone to save Rangers from financial meltdown in the New Year – by sending out begging letters at 4am on Boxing Day. Record Sport understands Somers sent the emails to a number of wealthy individuals in a bizarre early morning attempt to raise the millions needed to keep the Ibrox club in business in January. The cash appeal – which indicates the high level of boardroom concern at the club’s latest plight – was launched just two days after the SFA blocked Mike Ashley’s plan to plough around £8million into the club by taking his holding up to 29.9 per cent. And the apparent urgent nature of this latest move has shocked those potential saviours who woke on Boxing Day to discover they had been contacted by the man at the head of the crisis-hit regime. It’s understood Somers asked all the various parties, including Sales Sharks owner Brian Kennedy, if they would be prepared to step into Ashley’s shoes by underwriting a share issue and snapping up more than 40 million new shares. Failing that, Somers asked if any of them would be willing to lend large amounts of emergency cash to the club on a secured basis. As of last night, there was no indication that Somers had been successful with either request. Last night the Rangers chairman could not be contacted. The move came after a trio of wealthy Rangers fans, Douglas Park, George Letham and George Taylor, put together an offer of £6.5m to underwrite the anticipated emergency share issue in an attempt to win control of the club back from Sports Direct magnate Ashley. A separate offer of £16m in funding from South African-based businessman Dave King remains on the table despite being rejected by the Rangers board two months ago when they chose instead to accept a drip feed of crisis loans from Ashley. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-boxing-day-begging-letters-4891366 +++++++++++ Please give us money - someone who doesn't want to see the books, that is. Hic! No 50 million from BPH then No war chest from benevolent Billionaire MA then No money for wages unless they sell MacLeod then Edited December 30, 2014 by SteveC 0 Quote Link to post Share on other sites More sharing options...
Doc 280 Posted December 30, 2014 Share Posted December 30, 2014 An utter shambles. Just when you think they can't get any more shambolic our board never cease to amaze. How much are we paying to retain Somers' services? The man is a joke. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted December 30, 2014 Share Posted December 30, 2014 How long will this campaign go on before Somers vacates the premises with a nice thank you in his back pocket? Why is Jack playing for time? 0 Quote Link to post Share on other sites More sharing options...
compo 6,134 Posted December 30, 2014 Share Posted December 30, 2014 we have now joined the beggars 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted December 30, 2014 Author Share Posted December 30, 2014 Yep - Green & Whyte = beggars 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 30, 2014 Share Posted December 30, 2014 Why isn't he just accepting one of the excellent offers on the table. Fear for his club tie? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,246 Posted December 30, 2014 Share Posted December 30, 2014 Why isn't he just accepting one of the excellent offers on the table. Fear for his club tie? Lack of any sort of character and dignity. 0 Quote Link to post Share on other sites More sharing options...
Dragosani 60 Posted December 30, 2014 Share Posted December 30, 2014 Why isn't he just accepting one of the excellent offers on the table. Fear for his club tie? Maybe we could have a whip round and buy him one! then, plonk him in the corner of the boardroom with some paper and crayons, while the big boys sort out the mess!! 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted December 30, 2014 Share Posted December 30, 2014 Somers can't keep his position as Chairman much longer as he's not fit for purpose. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,246 Posted December 30, 2014 Share Posted December 30, 2014 Somers can't keep his position as Chairman much longer as he's not fit for purpose. But who's going to sack him? 0 Quote Link to post Share on other sites More sharing options...
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