ian1964 10,416 Posted April 3, 2015 Share Posted April 3, 2015 Sandy Easdale says "individuals rather than the club" would be targeted if angry Rangers shareholders decide to pursue their threat of legal action. The former chairman of Rangers' football board was reacting to the announcement that its shares will be delisted from the AIM Stock Exchange. "That would be against individuals who misled the shareholders as we would see it," Easdale said of possible action. Major shareholder Dave King and interim chairman Paul Murray would be targeted. "We have no appetite for taking legal action against Rangers as a club," stressed Easdale. Rangers International Football Club plc has blamed the former regime, which Easdale was a part, for being forced to delist from the market. It says that it was unable to appoint a required new nominated adviser because AIM was unhappy at the behaviour of the board voted out at an extraordinary meeting in March. But Easdale claims that the previous nomad would have still been in place had the new board not insisted that King, who has convictions for contravening South African tax laws, would eventually be appointed a director. "The previous board had a nomad and were listed and the listing was under jeopardy when the requisitioners requested to remove the current regime and this is why WH Ireland resigned," he told BBC Scotland. "They were given several options to keep the listing but decided to move forward with Dave heading it up." Easdale - whose brother, James, was one of the ousted RIFC directors - insisted he had been "quite excited" by the promises made by King's group and that the delisting "came as a bit of a shock". "I think this is a bit of a blow for the shareholders," said the bus company owner who represents a group holding about 20% of Rangers shares. "We were told on several occasions that they had a nomad and the listing would be secure. "We were quite willing to let the new board build the club, but we thought that the club would still be listed on AIM. "Our consortium thinks that this move would undervalue the sales that were purchased at certain prices." However, on the day the new board was appointed, King stressed that he could only at that point start official negotiations with the prospective new nomad as only "off-the-record" discussions had been permitted beforehand. King also stressed that, although he would attempt to keep the shares on AIM, his own "personal preference" was that the company should not be listed. Responding to the news of the delisting, interim chairman Murray said: "It was clear that we would have to pay a price for years of poor corporate governance and financial mismanagement. "Be certain that this delisting, which is down entirely to the actions of previous boards, will have no bearing on future investment." http://www.bbc.co.uk/sport/0/football/32171135 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,416 Posted April 3, 2015 Author Share Posted April 3, 2015 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted April 3, 2015 Share Posted April 3, 2015 I don't think King ever said the listing was 'secure'. In fact he said the opposite, he said he couldn't give the NOMAD any comfort over the fit and proper situation as well as the business' overall condition. 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted April 3, 2015 Share Posted April 3, 2015 (edited) So many lies - as I said in an other thread we had the worst NOMAD going. Who in reality were only interested in lining their pockets. Edited April 3, 2015 by Waltersgotstyle 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,247 Posted April 3, 2015 Share Posted April 3, 2015 When reading all of that the word subjunctive springs to mind. Not unexpected that the media tries to make a story out of that ... kindly ignoring that the shares might well be available via a different exchange market very soon. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 3, 2015 Share Posted April 3, 2015 (edited) More hilarious bad losing Dave king clearly made no promises. He did make it sound like a Nomad would be found but he made it clear it may not happen. Edited April 3, 2015 by the gunslinger 0 Quote Link to post Share on other sites More sharing options...
Laudbertz 0 Posted April 3, 2015 Share Posted April 3, 2015 Whether he is targeting the club or an individual on the board, he'll still lose. Counter suit - Rangers Fans vs Sandy! 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted April 3, 2015 Share Posted April 3, 2015 After Dave King's epic struggle with the SARS and South Africa's legal system. Taking on The Marx Brothers will feel like a night at the Opera 0 Quote Link to post Share on other sites More sharing options...
26th of foot 5,834 Posted April 3, 2015 Share Posted April 3, 2015 After Dave King's epic struggle with the SARS and South Africa's legal system. Taking on The Marx Brothers will feel like a night at the Opera Unfair on the Marx Brothers, most talented artistes; particularly considering one of them founded Communism, whilst treading the boards. No, the Brothers Easdale are more favourably compared to the talentless Mike and Bernie Winters. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted April 3, 2015 Share Posted April 3, 2015 Sandy Easdale in 'threatens Rangers fan with legal action' shocker..... 0 Quote Link to post Share on other sites More sharing options...
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