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Club Statement - EGM


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Rangers FC – The board of morons and knaves now has no venue for EGM – so why not Ibrox?

By Tom Winnifrith, The Sheriff of AIM | Monday 9 February 2015

 

http://www.shareprophets.com/views/10511/rangers-fc-the-board-of-morons-and-knaves-now-has-no-venue-for-egm-so-why-not-ibrox

 

 

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

 

The almost universally detested board of AIM Casino listed Rangers FC (RFC) had a cunning plan to deny shareholders democracy at the forthcoming EGM: hold it in London. While 2,000 might have attended the last bun fight in Glasgow, the tossers who advice the Ashley Minion led board reckoned a venue holding 500 down South would do. Oh no. As we predicted at the weekend: Problemo.

 

A statement out tonight on the Rangers website states:

 

The hotel management at the Millennium Gloucester has taken advice from different quarters and concluded that the GM cannot be managed without significant disruption to guests and neighbours.

 

The hotel management felt it necessary to take this position after receiving numerous complaints and false information from individuals purporting to be shareholders.

 

The Board is concerned the situation was exacerbated by irresponsible and inaccurate media coverage. An alternative venue is currently being sought in the London area and will be announced as soon as possible. The Board apologises for any inconvenience this may have caused shareholders due to matters out with its control.

 

Let me translate that into English:

 

The hotel management realised that many more than 500 shareholders would attend and told Rangers and its fuckwit adviser, the China fraud specialist Mr Paul Shackleton of WH Ireland, to sling their hook and find another venue.

 

The board is pissed off with journalists like me (yes, we can track who reads these pages) for pointing out that holding the EGM in London not Glasgow was an attempt to save the board from shareholder democracy and so without citing any factual inaccuracies in our coverage or pointing out any irresponsible comment would like to smear the media anyway because the Board and Mr Shackleton are complete tossers.

 

The board is seeking an alternative venue as far away from Glasgow as possible and is currently awaiting a call from a small hotel near Land’s End to see if it is available.

 

The Board would like to pretend it cares for any inconvenience caused but it does not really since if it wanted to avoid causing any inconvenience to its long suffering shareholders it would hold the meeting in Glasgow at a venue which it knows is available, namely Ibrox.

 

The Board will issue another statement full of meaningless lies designed to cover up its own incompetence and contempt for shareholders and fans when it feels like it.

 

If you needed another reason to vote out the current board and vote in the Dave King slate this is it.

Edited by govan_derriere
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What would actually happen if they would step down pre EGM en masse?

 

Wallace and Nash were dispensed with and 2 Ashley nominees were put on the board without any GM

They could invite Kingco on the board, then resign

save the cost of an EGM and allow some of them to exit with a slight saving grace

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Late on Friday night, I emailed the Met Police force.

 

I asked them to ascertain if a Risk Assessment had been carried out by the Nomad/board.

 

 

 

This response was received yesterday.

"Dear Sirs,

 

Thank you for the information you have both provided.

 

I am one of the event planners for the area that the AGM will be held.

 

Can you please confirm that you are both Shareholders and not the organisers of this event.

 

If you could be so kind to pass on the details of the organiser or the Board of Directors and I shall make contact with them.

 

They have a duty to ensure the safety of those attending and it is vital that they are in discussions with the police, as you have raised concerns about this event.

 

Kind Regards."

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