MacK1950 2,231 Posted August 15, 2016 Share Posted August 15, 2016 It is strange that the SD chairman has an extended name of that from him from the manky mob or is something sinister afoot? 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,058 Posted August 15, 2016 Share Posted August 15, 2016 there are still imbeciles peddling the line that 3p in the pound to Rangers is better than nothing. Seriously? How can they possibly justify that? Not boycotting Ashley merchandise to me is like crossing a picket line. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,256 Posted August 15, 2016 Share Posted August 15, 2016 Can someone expain in simple terms how the retail stuff works ? PUMA manufacture the strips & sell to SD who sell to RRL ? Is that correct? RRL supposedly gets dividends from SD which the club gets ? Who else gets dividends? And the club recently cancelled the contract with RRL ? And RRL accounts are seven months overdue? I find it all rather complicated 0 Quote Link to post Share on other sites More sharing options...
jhunter 0 Posted August 15, 2016 Share Posted August 15, 2016 (edited) Can someone expain in simple terms how the retail stuff works ? PUMA manufacture the strips & sell to SD who sell to RRL ? Is that correct? RRL supposedly gets dividends from SD which the club gets ? Who else gets dividends? And the club recently cancelled the contract with RRL ? And RRL accounts are seven months overdue? I find it all rather complicated its designed to be Silly comments removed - Frankie Edited August 16, 2016 by Frankie 0 Quote Link to post Share on other sites More sharing options...
Gribz 743 Posted August 16, 2016 Share Posted August 16, 2016 Last seasons kit was for sale here the other day for $35...(18 quid). No idea how the funds go there. I hope the Ashley situation gets resolved, I really need to buy this seasons kit, its vintage from late 80s. Just needs to be a bit bigger. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted August 16, 2016 Share Posted August 16, 2016 Last seasons kit was for sale here the other day for $35...(18 quid). No idea how the funds go there. I hope the Ashley situation gets resolved, I really need to buy this seasons kit, its vintage from late 80s. Just needs to be a bit bigger. Much bigger! 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted August 25, 2016 Share Posted August 25, 2016 (edited) Mr Ashley owns 55% of the company after floating it on the stock market in 2007 By Mark Kleinman, City Editor A powerful City group whose members manage assets worth a staggering £14 trillion will on Thursday take the unprecedented step of publicly criticising corporate governance and working practices at Sports Direct International. Sky News has learnt that the Investor Forum, which was set up in 2013 following a review instigated by Sir Vince Cable, will make its first-ever statement following protracted efforts to engage with the high street chain's independent directors. The Investor Forum's intervention will signal a major escalation of hostilities between the City and the company led by controversial tycoon Mike Ashley. Sources said the Forum would express bitter disappointment that Sports Direct had failed to act on repeated warnings about investors' concerns, and would urge shareholders to consider carefully whether to support a board which had failed to deliver meaningful reform. Sports Direct is due to hold its annual general meeting on September 7, with many City institutions saying they will oppose the re-election of several board members. Legal & General Investment Management, the single-biggest investor in blue-chip UK companies, has voted against the company's chairman, Keith Hellawell, for the last two years, with a larger revolt next month now inevitable. The intensifying row follows months of damaging revelations about Sports Direct, including the disclosure that it was effectively paying many workers below the minimum wage, with MPs who investigated the company accusing it of being run like a "Victorian workhouse". Sports Direct said last week that RPC, a law firm, would conclude a report on working practices at the company ahead of the AGM. Its claim that the project was independent was greeted sceptically by investors because RPC undertakes other work for the retailer. Shareholders will vote on a resolution tabled by a group of trade unions demanding an audit of Sports Direct's "human capital management", which many City investors are likely to support. Mr Ashley, who owns 55% of the company after floating it on the stock market in 2007, has also faced intense criticism over key business relationships Sports Direct with his relatives and friends. The Financial Times reported on Monday that a company owned by Mr Ashley's brother is involved in distributing products sold by Sports Direct, while his daughter's boyfriend has been put in charge of its vast property portfolio. "The City has had enough of the way this company is run," one institutional investor said on Wednesday. "The Forum's decision to speak out has not been taken lightly, and is hugely significant." The Investor Forum's board members include the chairman of Marks & Spencer and representatives of institutions including The Wellcome Trust and Capital Group, which employs the husband of Theresa May, the Prime Minister. The group is said to have engaged with approximately ten major companies since it was established but it has never been motivated to make a public statement until now. Mr Ashley cut an occasionally contrite figure when he appeared before MPs in June, but City investors are furious that he has done so little to overhaul the running of the company despite the fact that its shares have fallen by 59% over the last year. Sports Direct now has a market value of just £1.82bn. Under new rules, companies with controlling shareholders must win the support of a majority of independent investors in order for resolutions to be approved. However, even if Sports Direct did see non-executive directors opposed by minority shareholders, the company could hold another meeting three months later at which Mr Ashley could vote his shares in favour of their re-election. The company announced late on Wednesday that it was inviting members of the public to its Shirebrook headquarters on the day of its AGM in order to "enable the board to engage with as many people as possible in an open discussion about the business". A Sports Direct spokesman could not be reached for comment, while the Investor Forum declined to comment. Edited August 25, 2016 by BEARGER 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted August 25, 2016 Share Posted August 25, 2016 While it is good he is getting attacked from all sides I doubt it makes much much difference to Rangers in the long run. It will not soften his grip on us. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted August 25, 2016 Share Posted August 25, 2016 While it is good he is getting attacked from all sides I doubt it makes much much difference to Rangers in the long run. It will not soften his grip on us. It will if he isn't running his own company. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,244 Posted August 25, 2016 Share Posted August 25, 2016 I seem to remember that his fellow SD shareholders were rather upset about his antics. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.