Jump to content

 

 

BEARGER

 View Profile  See their activity

  • Posts

    8,410

  • Joined

  • Last visited

  • Days Won

    7

Everything posted by BEARGER

  1. BEARGER
    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 ?
  2. BEARGER
    Chris Graham has been co-opted onto the RST board. Seems like a good move.
  3. BEARGER
    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.
  4. BEARGER
    My granny told me that if I tell the truth I don't have to remember what I said.
  5. BEARGER
    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.
  6. BEARGER
    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?
  7. BEARGER
    Oh dear how sad never mind.
  8. BEARGER
    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?
  9. BEARGER
    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.
  10. BEARGER
    BH as away fans rep will you be attending all away games?
  11. BEARGER
    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.
  12. BEARGER
    Yes we can, we can also send an email to the club direct. That is not the point, the vast majority of fans have no vote in electing this board now or in the future.
  13. BEARGER
    Thanks for the reply, let me say that in no way was I having a go at you. It was my belief that only ST holders plus those who paid to join could vote? Is that not the case? The fans board cannot just decide that it represents others.
  14. BEARGER
    Jeez this thing has hardly got off the ground and we have; 1. One fans board member trying to stop discussion between the club and other fans groups. 2. Major issues not being minuted correctly or not minuted at all. I can definitely smell shite.
  15. BEARGER
    My understanding is that this fans board represents only ST holders and anyone else stupid enough to pay for the privilege. That being the case it leaves the vast majority of fans unrepresented on the fans board, yet we have one fans board member wishing to disenfranchise the vast majority of fans. What possible reason would he have for that? Why would any organisation (the club) ever agree not to talk to the majority of its customers even if only for marketing purposes.
  16. BEARGER
    AH, surprise surprise!!!
  17. BEARGER
    Do all committee members know each other? If not it will be spin a bottle and your it.
  18. BEARGER
    The guy who tweeted this is also an admirer of Hitler.
  19. BEARGER
    Just arrived back in Scotland, thought I was on the ball:redface
  20. BEARGER
    What next for this talking shop? Ashley in charge, will not give this lot a second thought.
  21. BEARGER
    Andy Devlin ‏@AndyDev28 2m2 minutes ago BREAKING: Sandy Easdale due at Ibrox shortly for crunch talks with Ally McCoist. The Rangers boss could be hours from the sack.
  22. BEARGER
    Good idea, every little helps.
  23. BEARGER
    If Ashley's offer is accepted I'm out, not another penny from me. Will demo outside etc.
  24. BEARGER

    Lost flag

    BEARGER posted a topic in Rangers Chat

    Copied this from FF, we do have some cretins in our support. I know it's a long shot but the Fifes Finest flag was taken yesterday at the game. These guys are not Ultras or wannabe casuals but just football fans that did a helluva lot to save their club. After the fundraising they had money left over and put it towards this flag...They just want it back no questions...It would reflect well on our club if they were given the flag back. If anybody has it i ll pick it up and drop it off to them
  25. BEARGER
    @JimWhite: Hearing tonight Dave King remains optimistic his consortium's bailout package will be accepted by Rangers Board. Talks continue.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.