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It is the opinion of both our senior counsel, junior counsel and solicitors that we can take no further action at this time. It is quite clear from their detailed examination of statements made by the board regarding Ibrox that, whilst giving the impression to fans and shareholders that they were making a commitment not to grant security over Ibrox, the board was in fact meticulously careful not to stray into language which would actually give such a legal commitment. We believe the effect of those statements was to be deliberately misleading. - See more at: http://www.therst.co.uk/news/rst-update-on-legal-action/#sthash.gCEGaKE3.dpuf'>http://www.therst.co.uk/news/rst-update-on-legal-action/#sthash.gCEGaKE3.dpuf

 

http://www.therst.co.uk/news/rst-update-on-legal-action/

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The Rangers Supporters Trust has, at considerable time and expense over the past two days, taken detailed legal advice over the recent move by the Rangers board to give notice of intention to grant security over Ibrox to Sports Direct.

It is the opinion of both our senior counsel, junior counsel and solicitors that we can take no further action at this time. It is quite clear from their detailed examination of statements made by the board regarding Ibrox that, whilst giving the impression to fans and shareholders that they were making a commitment not to grant security over Ibrox, the board was in fact meticulously careful not to stray into language which would actually give such a legal commitment. We believe the effect of those statements was to be deliberately misleading.

We have however been advised of various possible remedies, including those against individual directors, which may be available to us should the board actually go ahead and grant the security. We will continue to monitor this very, very closely.

We are extremely angry that we are in a position where we are having to explore legal remedies in order to try to stop Rangers directors from acting in their own interests and those of Mr Ashley, rather than the shareholders and fans of Rangers.

We did not take this step lightly but we are committed not only to increasing fan involvement in the club through purchasing shares, but also to defending the club, the stadium, the fans and the thousands of small, fan shareholders from the disgraceful actions of David Somers, Sandy and James Easdale, Derek Llambias and Barry Leach.

We hope the vast majority of shareholders and fans will back us in this endeavour and we have to ask for their help. An EGM has now been called by Dave King. The only way we can carry on our work to try to save Ibrox and reclaim the club is by the supporters backing us and signing up in large numbers to the RST. Every single vote at the upcoming AGM will be crucial and you can make a difference. Please visit http://www.therst.co.uk/buyrangers and either join us or use the donate option on the site. All donations will go towards legal costs or the purchase of shares in Rangers.

Together we can save our stadium and take back our club. It's up to you.

 

- See more at: http://www.therst.co.uk/news/rst-update-on-legal-action/#sthash.gCEGaKE3.dpuf

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Good to be informed and have the RST do this necessary labour in the best interests of our club.

 

Not surprising on the legal front.

The board(s) either directly or indirectly have made an artform in misleading through actions and words.

 

Nor is it surprising that dependent on upcoming events individuals may be able to be held accountable for their actions for present activities, never mind what has gone on in the past.

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