BEARGER
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Posts
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Everything posted by BEARGER
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Being reported that first ten employees are going.
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http://www.bbc.co.uk/sport/0/football/30106866
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Grier, Withey, Whitehouse & Clark detained in RFC acquisition enquiry
BEARGER replied to Frankie's topic in Rangers Chat
Bit of light reading. -
No bookie would give you odds on that, it's a certainty!
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Meloneras is in Gran Canaria, but thanks for the information anyway.
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Anyone know the area, looking for a pub showing next weeks game. Ta.
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Yes it was CG.
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From SOS facebook page 35 mins ago. Is it public knowledge that Brian Kennedy was asked by D&P to put his offer in legal format and he would own rangers? He returned from New York and done exactly what was asked only to lose out to another bidder. The reason being the other bidder, allegedly, bid £500k more and had paid a £500k deposit to gain control I hope the current investigation finds where this money was paid from and where it went as this would dispel the fears that this never took place and the rumour that a lesser sum was paid in a "brown paper bag"
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I was not counting our coaching staff's cut in the gravy train that is Rangers.
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Have we really spent more than £20M on players wages over these three seasons? And for what, two minor league titles? Our manager is a disgrace, will leave it at that.
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THE Crown Office will today issue a warrant for the arrest of disgraced former Rangers owner Craig Whyte, the Daily Record can exclusively reveal. Whyte is wanted in connection with alleged fraud over his purchase of the Ibrox club in 2011. The sensational news comes after it was revealed that police forces in England, acting on warrants from Police Scotland, made dawn arrests today in connection with a long-running inquiry into Rangers. Four men were arrested at addresses in Thames Valley, Surrey and Cheshire. The first of the four is Paul Clark, London managing director of former Rangers adminstrators Duff & Phelps. The other three are former Duff & Phelps north of England managing director David Whitehouse, David Greer, a former partner in the business, and Gary Withey, a solicitor who worked with Whyte’s law firm Collyer Bristow. The arrests came at 6am today. Whyte, who has a flat in Monaco, is believed to be out of the country. It is thought the allegations over which the men have been detained centre on claims that Grier and Whyte were known to each other before Duff & Phelps were appointed as Whyte’s choice of administrators for Rangers in 2012. HMRC had at first opposed Whyte’s choice of administrators. Whyte bought the club from Sir David Murray in 2011 for £1 promising to wipe Rangers’ £18 million debt to Lloyds Banking Group. It later emerged he had sold future season ticket sales to London firm Ticketus to finance the deal. In 2013 financial industry regulators cleared Duff & Phelps of wrongdoing over the Rangers’ administration, though they said the company had left itself open to criticism. http://www.dailyrecord.co.uk/news/sc...-crown-4628861
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You could not make this up. The club set up a organisation which has a constitution which elects board members for various categories of fans. Within one meeting they now say that one category will no longer have a individual member on the RFB. What are the remaining board members going to do about this? They are the custodians of the constitution, are they going to sit back and accept this? They should resign on masse, they won't of course. Some people just want to be seen climbing the marble staircase.
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Said on another thread when discussing this " boss's Union" that it would all end in tears. I think anyone who got or gets involved with RFB is being naive at the very least, it will only be used to further split the fans. The next set of minutes should be interesting, will the 2 members who supposedly complained own up? I say supposedly because we only have the clubs word for that.
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Further £1m loan from Ashley (and club blames fans)
BEARGER replied to Frankie's topic in Rangers Chat
Anybody with a brain knew the fans would be blamed at some point. -
Got an email saying my seat and giving seat details was available. Earlier this season they said it was sold, well website did. Where the club conning us regarding the numbers that did renew ?
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Chris Graham has been co-opted onto the RST board. Seems like a good move.
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10 Nov RST Letter to AIM Official Statement - POSTED ON NOVEMBER 10, 2014 On Friday 7th November the RST sent the letter below to the AIM regulator expressing concerns as to how decisions within the RIFC boardroom are being made in favour of one shareholder as well as concerns over their actions in respect of the running of our club. We are aware that several other shareholders from fans with a significant shareholding to professional investors have raised similar concerns, shareholders can voice any concerns to AIM by emailing:aiminvestigations@londonstockexchange.com The main points to cover with regards the board of RIFC are: A failure to act independently. Failing to treat shareholders equally. A reckless and irresponsible attitude to going concern status. Blatant disregard of related party rules and regulations. Failure to disclose related party commercial arrangements. Complete disregard for corporate governance guidelines. The letter to AIM is as follows; We write as a shareholder to express our deep concern over the stewardship of Rangers International Football Club plc, and ask that you carry out an investigation into the current and previous board of directors to determine if their actions favour one particular related party, namely Mr Mike Ashley and his company, Sports Direct. We are aware that Mr Ashley, a shareholder in RIFC, has been awarded the naming rights to Rangers’ stadium for £1. This appears to be uncompetitive and may enable Mr Ashley’s company to profit at the expense of RIFC. We are also aware that Mr Ashley controls the retail operations of RIFC via Sports Direct, reducing potential revenue streams to the severe detriment of the company, and to the possible benefit of Sports Direct. We are unaware of any competitive tenders being sought by the directors of RIFC. More recently, Mr Ashley has provided a short term loan to RIFC in return for which he has been allowed to place two of his representatives on the board of the company. We are aware that an alternative offer of a larger loan on similar terms was made to the company, but the board chose to accept the smaller loan from Mr Ashley Mr Ashley owns a controlling interest in another football club, Newcastle United FC, and ownership of more than one football club is not permitted by football authorities. Under the terms agreed with the Scottish Football Association, Mr Ashley was initially permitted to be involved with Rangers if his shareholding did not exceed 10%, and that he did not exert any influence at board level. We believe in placing two of his representatives on the board of RIFC, Mr Ashley is clearly influencing operations which may violate his agreement with the SFA. This could put the football club at risk of sanctions. Indeed, we understand that the SFA has written to Rangers and Mr Ashley for clarification. Potential sanctions from the governing body could range from financial penalties to suspension of membership. We believe this is an unacceptable risk to the business, particularly when an alternative offer of short term funding was available. This risk appears to have been taken in order to further the interests of one related party. Furthermore, it has been reported that Mr Ashley is set to obtain the image rights to Rangers’ emblems. We are unaware of these being for sale and certainly have no knowledge of any competitive bids being sought. Again, if this is the case, it would seem to be another example of one related party benefitting at the expense of the company and the thousands of other shareholders. Finally, there does not appear to have been any disclosure of commercial income by the board, and previous statements by the board to the effect that the company has sufficient funds have been false. (Short term funding in the form of loans had to be secured earlier in the year following a statement by the then CEO that the company had sufficient funds to last until the end of the football season) The Rangers Supporters’ Trust represents over 2000 members with a group shareholding in RIFC, and we believe our interests, as well as those of thousands of other shareholders, may be being overlooked in favour of one particular shareholder/related party This is to the detriment of the commercial performance of the company in favour of another company owned by Mr Ashley, and we believe that if this is the case, it is in direct contravention of AIM rules and the Companies Act, As such, we ask that you carry out a full investigation with some urgency in order to determine if the board are putting the interests of one related party ahead of those of the company and its many thousands of other shareholders.
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My granny told me that if I tell the truth I don't have to remember what I said.
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Thanks for that, must have had senior moment and missed it before. Going by your voting figure assumptions it does not lend much credibility to this RFB. What makes it galling is that they (well some of them) wish to stop others speaking to the club.
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I'll ask again. What were the voting figures in the election of the RFB? What % of those entitled to vote actually did? Those who were "elected" told what their vote was?
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Oh dear how sad never mind.
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You fall at the first hurdle or paragraph. The vast majority of Rangers fans did not have a vote in these sham elections. Also how many did actually vote? Have the voting figures been publicised? If not why not?
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Aye Mike Ashley is going to come up to a RFB meeting:ffs: His reord at Newcastle show us that he really cares what the fans think.
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BH as away fans rep will you be attending all away games?
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Who are these "unelected" groups that RFB are so concerned about? Is it SOS? Any others? Seems to me that the RFB are showing a great degree of arrogance on this. What business is it of the RFB; 1. What groups ask to speak to the club. 2. What groups the club decide to speak to. RFB should keep in mind that they only speak for those who elected them plus any individuals/grouos who give them permission to do so.