RANGERRAB
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Posts
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Everything posted by RANGERRAB
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Fully agree they'll need more funds.My own view is they now need to do some sort of deal with PM who will bring in DK but no idea how this will pan out.
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I shall wait until I see how this board intend to raise funds for the return to the top division as expected in 18 months time before I come to any final judgement on them. After today I have to say I'm not optomistic.
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Well if he's the Rangers man he's made out to be then now is the time for him to show that he is. As I said earlier I'm genuinely worried after today. I fear this board lack the ideas and ambitions to take us forward. They need to increase revenue yet all they can come up with is increase ST prices. Anyone could do that
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Should be affordable to DK I'd have thought?
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In the weeks and months ahead we shall learn what plans this board have for the club. I genuinely think after today they lack ideas and ambitions associated with Rangers and its supporters.I hope I'm wrong
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The reqs were never going to win today but the result was no landslide as suggested on McMurdo's forum.We now need to see what DK's intentions are. If he buys a shareholding the board could be in trouble sooner rather than later unless they prove they're up to the job which I suspect one or two of them aren't
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The requisitioners need to break all ties with McColl. If he's not investing then ditch him.
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If I were Paul Murray tonite I'd be pleading with DK to buy a 5 or 10 percent shareholding whilst the shares are low in value.That added to the much higher than expected 30 percent the reqs got today would certainly put immediate pressure on the board to deliver.
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The only conclusion I draw from today is that the board have a mandate to continue but the requisitioners got more votes than I expected.The board now need to show they're up to the very demanding task which lies ahead in returning Rangers to the top of Scottish football and beyond.That will require raising funds in the not too distant future(if I understood the CEO correctly) and in the long term showing how they intend to increase overall revenue into the club.Show they be unable to do either or both of these satisfactorily then I believe they'll all be gone in no time. It also needs to be remembered that if everything goes to plan we'll be returning to the top division of Scottish football in eighteen months time. To make any sort of impact investment in the squad will be needed and I suspect if that investment is not forthcoming then Ally McCoist will quit leaving the board in a very awkward situation indeed.
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If the board don't get their act together that 30 per cent will soon rise
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I hope it is eventually found Whyte fraudulently obtained funds from ticketus in order to clear the bank overdraft to buy Rangers from SDM for £1.what needs to be established is whether SDM was forced by LBG into this deal. It was clearly evident from the start that WHyte's business background made him a totally unsuitable person to own Rangers and he should never have got within a millions miles of Rangers. Questions need asked of LBG (especially the 2 individuals in charge of its Scottish business division at that time - messrs Fullerton & Kane) and of course the SFA. I believe it is totally inconceivable these organisations did not know WHyte's business background. Once fraud is established then I would hope/expect the 26,000 shareholders in the oldco to take legal action against these organisations on the basis of negligence, especially the SFA whose 'fit and propers persons' requirements did not seem to be applied in this instance. Why was that Mr Regan ? Did Peter tell you to let this charlatan take over his club's biggest rivals? Subsequently Whyte did take over Rangers but never had sufficient funds to run Rangers especially after two early european exits from malmo and maribor. He withheld employees PAYE/NI deductions until HMRC could take no more and the inevitable administration happened on Feb14 last year.Again questions need asked why HMRC allowed Whyte to continue non-payment for as long as they did and at what point the SFA knew and apparently took no action. Again why was that Mr Regan? Whyte is rightly condemned as the 'baddie' in all of this but in my opinion there are others with many questions to answer also.
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The problem is UEFA & FIFA seem to think they are some sort of authority on legal matters. They're not. -
It would, of course, be no surprise if it is true the board have won. The requisitioners simply do not have enough support from the shareholders. Had they got the likes of McColl and King to purchase shares recently whilst they are at their current low price then things may have been very different. Had they got,say, 10 to 15 per cent each then that would have changed things significantly. However they weren't and we are where we are. Frankly we need to move on. Next year will be another big year. The UTT sits early next year and hopefully we'll find out the background to this.
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How long before the daily rebel start to put his name forward............
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Lobbying shareholders to gain control seems to be how the requisitioners think they'll succeed. No chance of them buying shares. Wonder how McColl would like it if people tried to make appointments to the board of one of his companies without putting any money into it. Doubt it somehow.
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They have no masterplan. Just lobbying shareholders who put up their money a year ago and they weren't prepared to do so.
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No it wasn't Who then?
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If McColl wasn't interested why was he part of the requisitioners? Just courting publicity? I do realise LAXEYS shares money didnt go to the club but given the relatively small amount involved couldnt King have paid this money to at least get some say in the club ? Loose change to him I'd have thought given his wealth
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Whether inadvertently or by design, you're missing his main point, Rab. He said that "the notion that a financial director should be given a £200,000 bonus for winning the Third Division is ridiculous. Absolutely ridiculous." That is the key point - would you like to defend it ? Wouldnt defend it at all.Shocking. But who was chairman at that time?
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I do realise what you're saying but with the shareprice as it is I cannot see what there was to prevent Dave King buying 10 or 20 percent shareholding for less than £5m.Given his alleged wealth I 'd have thought that loose change to him.
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I'll repeat what I said earlier.What was to stop King recently buying 5 per cent of shares for £1.3m instead of Laxey? He won his tax battle in SA months ago. As for McColl I simply cannot understand what he was trying to achieve all along without investment from somewhere.
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Come on craig surely with his millions he could have recently bought a decent shareholding especially at a time when the shares are low in price.Why didn't he?
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"But frankly the notion that a financial director should be given a £200,000 bonus for winning the Third Division is ridiculous. Absolutely ridiculous. And that tells me that whoever made that decision should not be running Rangers Football Club." And was it not Malcolm Murray who made that decision when he was chairman? He's one of the requisitioners now unless I'm mistaken
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McColl wasn't and couldn't King have got those shares instead of laxey recently ?
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What if we don't end up in a bleak place? What if whichever Easdale it was interviewed on Friday really has got investors lined up? My gripe all along is that the requisitioners were a joke all along .They were nothing more than the Blue Knights tribute act.