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buster.

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Everything posted by buster.

  1. buster.
    I think his intention is unambiguous and what is more grey is the modus operandi. I would note that for the Whyte and the Green the general vigilance wasn't so great. This change is in part because of increased awareness of the need for such but it is also selective from the two sides of the argument. What we presently see and what is new,......is the 'middle ground' in large part declaring themselves as prioritising the general need of vigilance with their gaze fixed upon the boardroom.
  2. buster.
    Within the Hildy post that you quote was......"The penny is starting to drop in the broader Rangers community that the club is not in safe hands........" I'd like to think some of the shareholders aren't too greedy when namimg any prospective price.
  3. buster.
    You have the old sp.ivs fronted by the Easdales that include the mysterious Blue Pitch and Margarita. The Easdales came in as replacements for Charles Green, although Sandy may not have been able to get on the PLC board because of his conviction. Then you have the hedge fund, Laxey Partners who over a period of time increased their stake, leading up to the pre-AGM when Crighton was appointed to the board. Note that Kingsworth said Crighton wasn't there for Laxey but at the AGM Norman himself said that he was. The advertised proposed approach from Laxey pre-AGM was probably what got 'floating' institutional investors on board. It's normal for a board to have differing interests and opinions for the way forward but I don't think I'd like either of the above, or a combination. You need UoF to make as much hay as they can of the latest development. With approximately 12% of a stakeholding, it would be a positive step to have a supporter representative in the boardroom.
  4. buster.
    The crux of the matter is TRUST, or rather the lack of it. The endgoal is surely to have an executive board in control of the club that can be fully trusted and for there to be sufficient meaningful transparency and engagement towards achieving that aim. That may need changes on the board and an end to spinning contracts.
  5. buster.
    Not forgetting the transparent Mark Hately interview. You'd almost think the club weren't sure if they wanted the ST money and were deliberating over an insolvency event sooner rather than kicking the can down the road. Now you have them coming to the table in an apparent effort to get ST renewal money flowing. It's confusing ! Ever since the turn of the year there seems to have been two sides to the board regarding what to do next with GW in the middle. You have the hedge fund and then you have the Easdale proxies. Oh to be the fly on the wall at board meetings.
  6. buster.
    'Ostrichised' is the word I'd use. The club have 'Espanyolificado' itself in terms of on-field competitivity and we face the prospect of years in the shadow of Celtic.
  7. buster.
    That's why they are at the table. They would have been banking on a significant % of the middle ground renewing which for several reasons hasn't happened. These include, not happy with board,.. football (lack of),.. generally scunnered with it all. I'd point to the UoF co-ordinated effort as being pivotal in this. What is a little strange is that more efforts haven't made by the board/club to push ST renewals.
  8. buster.
    The most important aspect wrt the UoF and the ST/security matter wasn't the numbers of pledges 1872 Ltd recieved. It was that they articulated and put forward a message that resonated with much of the 'middle unpolitised group of fans', who simply decided to wait to see developments before/if renewing. To start influencing this 'middle-ground' would put the wind up the board. The board will in the future look to marginalise 'awkward fans groups' if possible. One method will be via the planned 'membership scheme.
  9. buster.
    An ongoing fluid situation. One important message is that the fans DO have leverage if we are prepared to use it. Another is that it comes but once a year, so probably best not to agree to any first proposals that come from the club. In this case, the UoF (great credit due thusfar) are rightly taking legal advice and considering the offer to consider.
  10. buster.
    Will any legally binding agreement that is being considered,........... retain it's status in the event of an insolvency event ? The board seem desperate for the ST money. It would kick the cashflow can down the road a little. It would keep onerous contracts (spi.vs & friends?) in money. Bottomline, you have to remember who you are dealing with and their motivations and MO. I hope the UoF lawyers are very good and adept at smelling out sp.iv tactics. Another thing is on the board you have two different groups of sp.ivs. Crighton/Laxey. Easdale/Proxies.......(historic & onerous contract connections ?)
  11. buster.
    I don't think you even have to be cynical. He's the front to them and their proxy votes. In this he took over from Green. This is quite an interesting document to that effect when you read between a line or two. http://es.scribd.com/doc/224050552/Blue-Pitch
  12. buster.
    Practically......... SE is the front for around 22% of the stakeholding plus his own. Crighton is there for Laxey. Each represent a different side of the sp.ivs whom aren't always in harmony.
  13. buster.
    The club will also want to delay/avoid having to announce a 'profit-warning' / 'hole' in projected numbers to the markets.
  14. buster.
    Did you ever see Jack Irvine enter the 'Stasi training centre' ?
  15. buster.
    Over the years, the use of players for PR is a subject in itself, however I do think that there are players who will lend their voice or simply shout themselves because of love for the club and/or knowledge of 'X' whilst there are others who may do it for other reasons.
  16. buster.
    If true, that would explain the way Bill McMurdo Jnr. was pushing Hately yesterday. It would also say something about the proposed 'membership scheme'.
  17. buster.
    ....................................
  18. buster.
    Rather than being for 50 pounds or whatever, I took it as someone who is employed/retained simply towing the partyline. Nothing unusual in that, only I'd note that no ex-players seem to be coming forward for the club voluntarily and the extent to which our friend Bill is pushing it on his blog. ps. I'm not undercover, I looked for my customery username on here but it was taken. Am I that easy too spot ?
  19. buster.
    Whilst everyone is entitled to their view what we appear to have here is a 'conflict of interest' of sorts. I watch the interview and see Mark desperately try and include 'the need for immediate ST money' an uncomfortable and unnatural amount of times,...much more than would be the case in an interview that hadn't been staged for that reason.
  20. buster.
    Could well have done GS. Just remember it being at 21p on the day. So if GW had bought shares on the day he joined, by the time he published the the business review (world record/longest timescale in relation to shortest document) he'd have needed a 100% increase in share price just to get back on an even keel. That 100% figure figure follows Mr.Wallace around
  21. buster.
    The day GW was appointed the share price was at 42p. The day he delivered the business review that appeared more 120 hours than days in substance the share price was 21p. Re. Timing / credit card snub The business review said.......... The Board believes that one of the major factors influencing the merchant acquirer to change its terms was the extensive negative coverage of calls in some quarters for supporters to refrain or delay purchasing season tickets. http://www.rangers.co.uk/images/staticcontent/documents/RangersBusinessReview.pdf Last week GW on twitter said........ GW: Just to be clear, fans were not blamed for the withdrawl of the credit card facility. The review said that negative comment in the media was a factor in the Club's credit card provider seeking security over Ibrox. When will the board start taking responsibility and stop blaming other people ? "Stockbridge is great"............................................"it's all his fault" "The fans are great"................................................"it's the pesky fans fault".........................................."we didn't say that"
  22. buster.
    There is a saying about waiting for a bus, then two come along at the sametime. Here's hoping but I have my doubts anyone will want tuther one despite the efforts to drum up a suitor.
  23. buster.
    Does anyone know if Wallace has ever been asked/answered the questions on the selection procedure that brought him to Ibrox. I recall that pre-AGM Somers was asked this question and said he couldn't remember but post-AGM he somehow recovered his memory and volunteered the info as they rode the 'wave'. The answer being that he was recommended by Daniel Stewart (Nomad). ps. I hear the financial problems of DSLtd have gotten worse.
  24. buster.
    The 8th incarnation of the sp.iv board will have taken over and we'll be playing in the Junior League. Meanwhile Merlin and the 'Usual Suspects' will be telling us that we can trust them this time, honest........
  25. buster.
    He did have Green's number and we should have starved them out at that point. What Brown referred to has ended up as a contingent liability/stadium noted in the latest audited accounts.
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