Jump to content

 

 

buster.

 View Profile  See their activity

  • Posts

    13,916

  • Joined

  • Last visited

  • Days Won

    103

 Content Type 

Everything posted by buster.

  1. buster.
    Thank's Zappa, have updated OP. Looks increasingly like they gave us a loan whilst withholding around 3M. Under what pretext could this money be withheld, considering the cashflow of Rangers ?
  2. buster.
    I think he was born in 1970. Imran could probably bring the roof down on them. CW used to supply differing DOB's to companies house.
  3. buster.
    There were various incarnations of Charlotte coming at things from differing angles. The original and most prolific CF was widely alleged to be Craig fae Motherwell or close by. But that was hardly the only leak from Ibrox. ------------------------------------------------------------------- Charlotte did help the piecing together of jigsaw's at a time when the club is under what to some may be termed as a hostle ownership.
  4. buster.
    It was alleged in the Sevco 5088 'letter before the claim' that Jim Park acting as a consultant, had introduced Ashely to Charles Green, as an investor and key developer of the RFC retail arm. Park is a lifelong friend of CW's father.
  5. buster.
    Mr.Charlotte ? Don't suppose it'll extend to past 'abuse' in the other direction regards executive management. Me thinks they might be looking for an 'example' in the online community that isn't onside.
  6. buster.
    I hadn't heard of that number but it would make sense as I was being deliberately conservative with my estimate. If that is the case, what's more important is that it hadn't been released as at the end of June, this year. Zappa, can you remember where this 2.7M number was reported ?
  7. buster.
    What can be drawn is a line all the way through our nightmare with the same people/deals/replacements/allies attached. SDM CW D&P CG&Co Easdales&Co Ashely If we take Ashely, he came onboard when Green became the front for 'Co' and has been central (from a distance) from an early stage (I put a thread up on FF back in December 2012, about taking note of the Newcastle MO regards our future). Green became increasingly 'important' in his role, so despite leaving the building in the spring of 2013 he was still the cerebral front for those in the background but had to install Easdale(s) as a physical front. They tried to get Chris Morgan (another friend of Rizvi) on the board but failed and had to make do with James Easdale and a brother pulling his strings. One of the easiest ways to keep track of the same line is to follow what Jack Irvine is saying. This 'slowburn con' has been breathtaking in it's scale and the ease of passage they have enjoyed.
  8. buster.
    At no point since Green&Co got exclusivity on the 13th of May 2012 have I felt it likely that their ongoing and fluid plan would be derailed. Now that Ashely is laying down the law and in a position of strength, that feeling is multiplied by a large number. Sharper, clever strategists, more focused, more organised, more united etc.
  9. buster.
    You really don't have a grasp on reallity or are 'interested'. T&M are stuck up the Ashely back passage and spin on his behalf. Green / Easdale / Ashely, it has been guided down this path. or was it sarcasm ?
  10. buster.
    Perhaps we could do with a friendly incarnation of Charlotte Fakes VII.
  11. buster.
    Look at the boardroom line-up that is taking shape, it's brutal. Ashely/Sports Direct have been en route since 2012
  12. buster.

    Ibrox Suite

    buster. replied to Stimpy's topic in Rangers Chat

    You are a busy man !! Taken as a whole, Ibrox must need a LARGE sum of money spent on it if it were to be sorted properly. Guess it will be more band-aid plasters though.
  13. buster.
    Journalists have an economic interest. Keevins is probably sick of the Rangers saga because he's not been able to get a handle on it and becomes even less use as a pundit/journalist than he has been over the years. Generally they have been well out of their depth and been used as spin conduits.
  14. buster.
    It overlooks a lot because it's in the main, spinning bullshit. Follow the money, look at the MO and do the sums.
  15. buster.
    I'll add the terminology used in the accounts. 30/6/13 in 16. 'cash and balances' (near the end) http://www.rangers.co.uk/images/stat...Report2013.pdf "Included within cash and bank balances is £946,000 relating to Rangers Retail Limited, which is not immediately available as working capital to the group as a whole" 31/12/13 in Condensed consolidated Statement of Cash Flows (about half way down) http://rangers.g3dhosting.com/regula...ws_article/375 "Included within cash balances is £1,669,000 relating to Rangers Retail Limited, which is not immediately available as working capital to the Group as a whole."
  16. buster.
    edit It appears MASH Holdings loan us 2M, secured on our assets and gaining influence in the boardrooms of TRFC and RIFC, whilst Rangers Retail (under Sports Direct financial control) are not releasing greater sums of money supposedly due to us. For some reason Rangers Retail (under Sports Direct financial control) have withheld profits from Rangers (RIFC). The numbers below have appeared in the accounts. This money hasn't since been released to RIFC. 30 June 2013:............................................. ........... £946,000 31 December 2013:............................................. £1,669,000 30 June 2014:............................................................£2,720,000 Today: If pattern stays the same I'd estimate...... £3,000,000 Is Mike Ashely indirectly using our money to finance the loan he has agreed with the RIFC board ? I can't say without the current numbers but you have to ask why withhold the money in the first place if we are struggling. The two directors that represent RIFC on the Rangers Retail (RR) board are currently Wallace and Nash, so they might have lobbied for it to have been paid at the beginning of the year but it would have been, only if SD and it's directors on RRLtd both agreed. Update The figure for year end 30/06/14 is now inserted above. It shows that the total continues to accumulate and continues, at that date not to have been released. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12067610.html Background In late July 2012, a joint venture was entered into by Sports Direct and Rangers, it became known as Rangers Retail Ltd. Charles Green and Brian Stockbridge represented Rangers on the RR board of directors. SD have 49% in 'A' class shares which count double in any votes regarding financial matters. RIFC have 51%, in 'B' class shares Effectively SD control the joint venture. Links to the accounts 30/6/13...http://www.rangers.co.uk/images/staticcontent/documents/AnnualReport2013.pdf 31/12/13....http://rangers.g3dhosting.com/regula...ws_article/375
  17. buster.
    Posted the following a couple of days ago, it's so predictable. First stage still in progress.............. Now we see start of second stage
  18. buster.
    He's so bothered he doesn't say a word and gets a spindoctor with no-name, bodes well. When Newcastle were relegated, he put them up for sale as he has done on several other occasions.
  19. buster.
    The real point (as per Forlan's answer) is that SD have control and if they want a 'deadlock matter' to arise, it will.
  20. buster.
    I'ii take a stab at an example (subject to correction / Forlan is the expert) An example may be that unanamous agreement between directors for paying dividends for a class of share cannot be reached and this creates a 'deadlock matter'.
  21. buster.
    SD have 49% in 'A' class shares which count double in any votes regarding financial matters. RIFC have 51%, in 'B' class shares Effectively SD control the joint venture. Read the document in post 32 for details of the latter.
  22. buster.
    Thank's FS ! So it becomes a wee bitty clearer (to me at least) why Ashely would want the IP rights on badge/trademark. If I follow, it would mean that royalty payments due to RIFC would be reduced or not necessary, dependent on what exactly Ashely could get his hands on. Thinking about it, the money withheld in the accounts. Could that possibly correspond in part with payments due to third parties who currently own part of our IP rights ? ps. just noted the last paragraph (I'm half asleep) which I don't know if standard for this type of JV. Could have significance it there is indeed 3rd party ownership as rumoured elsewhere.
  23. buster.
    Got you and that is only a percentage of one years profits or turnover IIRC. Following the money on a quick fag packet, would I be right in saying that Ashely is going to end up one, if not the biggest profiteer out of our whole mess.
  24. buster.
    Eventually found it half way down. http://rangers.g3dhosting.com/regulatory_news_article/375 Forlan, I suppose we can't rule out the possibility that this money, in part or wholly has been made available to RIFC at some point in 2014 ?? The two directors on the Rangers Retail board representing RIFC just happen to be Wallace and Nash. Would it be allowed to have future Ashely directors from the RIFC board take the places of GW & PN on Rangers Retail? It says in the SH01 that to pay dividends you need a unanomous vote from directors to pay A and B shares.
  25. buster.
    If there was a significant figure still (owed) then that would be one hell of a liberty he was taking.
×
×
  • 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.