RANGERRAB

If 'faceless investors and hedge fund' own less than a third how do they control the boardroom?

whyte bought us to make us insolvent before buying us back debt free.

 

if we weren't, we sure would have been he would have made sure of it.

I don't think we'll ever know what Whyte's plan was if he ever had one in the first place.

I'd always thought that had a CVA been agreed he'd have sold Rangers debt free to someone for a reasonably modest fee and been seen as some sort of saviour but it never worked out after it became apparent what he'd been up to since he took over.

£7m worth of debentures for a start.

Surely irrelevant if the oldco hadn't been put into liquidation process. Oldco would still exist and they'd still be valid

Does anyone agree with me here - without the BTC the oldco was never insolvent

Other than HMRC(who are owed the PAYE and NI Whyte didn't pay plus the small tax case which Whyte was supposed to pay but didn't) who are these creditors?

There are no football debts as these were paid by newco as a condition of the licence being transferred.

Ticketus aren't a creditor as Lord Glennie only granted them personal contractual rights hence their pursuit of Whyte thro' the courts down south.

Don't forget too the RFFF paid off a number of small debts too.

As a rough guess I'd say HMRC are owed circa £16m. Are D&P and BDO getting the rest of this £24m?

He could get all that from the current squad, coaching the likes of Shiels, Aird, McKay, Templeton better. We have 2 proper right backs in the Under 20s plus McAusland and Peralta who another manager could play right back and no doubt get more out of. Bell will do for now mate.

 

A new manager would probably rip Ally's shambles up and start again but I am just saying there is so much more this current lot of players can give which Ally and his pals are unable to get out if them. So much more.

I think we might see a bit of wheeling & dealing before the end of next month. If Moshni is sold then maybe the money might get used to move on one or two fringe players which might allow replacements to be brought in.Whether Ally is capable of doing this and improving the squad in this way is another matter

I disagree. A real football manager could work with what Ally has and compete in that league.

A better manager would improve things with the current squad.No doubt about that but I think he'd want to bring in players for positions which clearly need strengthening I.e MF creativity, pace in wide areas up front, a proper RB and maybe a GK too

Depends who they are playing under. A McCall or McInnes would have them battling Celtic for the title, a McCoist or Durrant would have them battling relegation. That's the difference.

Regardless of who's manager we're still 3 or 4 players short to challenge for the title in the top division.

If that's the case then presumably you won't be commenting on the next two friendlies against Ottawa Fury & Derby?

Aren't we playing Bournemouth?

I was in the east end of Glasgow today and let me tell you all the work done at the front of parkhead and surrounding the stadium must have cost a fortune I would like to know who is paying for it and how much its costing .

This is something our board and CEO should be asking

Fringe men must do more?

What about first team management doing more to ensure we don't have to watch the dross we endured for much of last season?

We have to accept now there is a minority amongst our support (and it is very much a minority) who are totally opposed to anything the board say or do regardless of whether it is in the best interests of Rangers or not. This Official Fans Board is yet another example.

If they want the board replaced then there is only one feasible way to do that and that is to acquire a large enough shareholding to remove them. There is no other way

When you consider what Swansea City and the four Dutch clubs are being investigated for by the EC then you'd think the dhims haven't got a leg to stand on

You think a business turning over circa £19m should fork out the fat end of £1m for a CEO with no previous experience and came from the dole queue?

 

We were turning over £60m + when Bain was CEO.

Wallace has been recruited for when we return to the top division and get back into Europe.

As I've said to you many times before he should be judged on how well he does his job(or not as the case may be). If he does it well then I've no objection to his remuneration package

Reluctance to buy shares that make ****s rich.......

We've had this debate before.Unless you're prepared to buy shares then you can say all you want but nothing will change.

Well Easdale, Somers and Crighton were there when Wallace was handed his onerous contract.

 

Easdale, Somers, Crighton and Wallace were there when Laxey were handed their (since superceded) onerous contract.

Is Wallace's contract that much different from Bain's ? At least Wallace seems qualified. Bain wasn't.

I think for a Club like Rangers his contract is what we'd need to pay for the right calibre of person.

Whether Wallace is the right calibre of person or is doing a good job is another debate entirely

Who said the could?

Well given the reluctance of eminent Rangers people to buy shares what makes it more likely they'd buy shares in this company which would own the stadium and MP after paying how much for them?

when the pressure reaches tipping point they most certainly will. Or they will go.

No chance. Absolutely no chance.

The only thing that will go is Rangers Football Club as we know it. It will cease to exist as Scotland's most successful professional football club and it would need to reform in the amateur or junior ranks.

I do not want to see that day. Never.

Nothing it can't be traded and the assets can never be realised. It's just an idea.

This board(or any other board) will not hand over these assets I.e. Stadium and MP free gratis believe me which seems to be what you're suggesting just because you buy a ST

Him p Murray g Letham m Murray Walter Smith all sorts of people. I would cough up for sure

With all due respect I doubt if anyone of these people could afford to buy Rangers outright.

DK is the only possibility but I'm sceptical about his real wealth I have to say

Free to season book holders.

So if you buy an ST you get a free share in the company that owns the stadium and MP?

You'd need rather a lot of shares wouldn't you? I'd guess stadium and MP worth say £35m to 40m. How much is each share worth in this company ?

Same way Chelsea did. The way king wanted. By selling you a share in a separate company that owns the stadium with your season book.

 

I am sure a lawyer will come up with many other ways.

And how much would these shares cost?

I am sure many many people would pay plenty.

Who ? DK maybe?

Really?

 

Our esteemed CEO, present Chairman, present Directors and Deloittes our auditors were unaware but somehow Malcolm Murray had to know?

How many of the current board were there when the 'onerous contracts' were being given to the likes of Stockbridge and McCoist?

And they are responsible for the current state of our finances.

We need to realise that whilst remaining out of the top division and competing in Europe our finances were never going to be great as we strive to get back there in the shortest possible timescale