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Showing results for tags 'fan ownership'.
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A few months ago rbr suggested that likeminded Gersnet members could donate towards a lifetime membership of Rangers First. There was reasonable level of interest at the time, but for whatever reason it didn't translate into action. A lot has happened since then in the struggle for control of Rangers and the recent requisition for an EGM has galvanised supporter opinion, leading to large numbers of new sign-ups for both RangersFirst and the RST's BuyRangers scheme. The Gers Forum were among those signing up this week, having raised £1000 in 24 hours to buy 2 Rangers First Lifetime Memberships (these are available to groups, whereas BuyRangers requires an individual membership). I'd like to organise a similar effort on Gersnet if there is enough interest. I'm aware that many of us already support RF and/or BuyRangers, while others do not share my enthusiasm for fan ownership. It's also January, so not everyone will have spare cash to donate at this time of year. However, a potentially close vote at the forthcoming EGM will be sufficient incentive for many Gersnetters. A RangersFirst Club 1872 membership costs £500, so if we can get 50 interested Bears together @ £10 each, we can make it happen. If you want to donate more than that, then great. So, my suggestion is this: 1. PM me with your forum name and the amount you'd be willing to commit to as a one off donation. 2. I'll keep a tally of the total. As and when we reach £500, I'll pass everyone's details to Bluedell, who has very kindly offered to help collect the funds. 3. Bluedell can then provide you with details (also via PM) of how he plans to collect the funds and once the full £500 has been received, we'll purchase a Lifetime Membership in the name of Gersnet. Any excess funds received will be donated to RF. 4. As RF operates a one-member-one-vote decision making process, the easiest option would be to hold a brief poll of members prior to any future RF votes. Obviously, such polls are open to members and visitors alike, but for one vote among thousands, it wouldn't be worth creating a more complicated process. If anyone has spotted a fatal flaw in the process, or has any suggestions which would make it easier, please let me know. Finally, I'd just like to make it clear that there's absolutely no compulsion to take part, but it's up to those who do to look into the details of RF if they are not already familiar with it. Cheers. -
Thought it might be a good idea to start a thread where we actually list who owns what as disclosed to the LSE , or at least those over 1% . River& Mercantile- 5.77% ,http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12205385.html Kieran Prior- 1.35% ,http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12205407.html Dave King - 14.75% ,http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12202893.html (Not including possible rumoured further purchase from R&M ). George Leatham -4.05% , http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12202893.html George Taylor -9.3%, http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12202187.html Douglas Park?-6.14%, http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12201386.html BNP Parabis - 5% ,http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12107289.html Richard Hughes -3% ,http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/11834364.html Mike Ashley ,8.92%,http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12104057.html Sandy Easdale, 5.21% total inc proxies 26.15%,http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12093157.html Please feel free to add when the rest are released
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http://www.gersnet.co.uk/index.php/latest-news/309-seconds-out-dave-king-v-mike-ashley-the-big-fight-continues Ding Ding! As the bell rings out for another round of a fight that appears to have been ongoing for at least two years, one can’t help shake the feeling we’re now reaching the closing stages of this ceaseless contest. With Mike Ashley now having played all his secured loan cards and Dave King finally putting his money where his mouth is, surely the next three weeks will see this hitherto open-ended bout be won by one or the other? Certainly an EGM in early March looks as if it will, for the short term at least, decide the winner. In the Blue corner we have Dave King: a Rangers fan, wealthy South African businessman and carrying the backing of other high net worth ‘Rangers minded’ individuals (as well as the main fan groups) on his side. In the Red corner, sits the heavyweight Mike Ashley: an admired billionaire entrepreneur, a no-nonsense negotiator and with the advantage of having his backers already directly involved with the club. It would take a brave man to try and separate these successful prize-fighters. But with no knock-out blow in sight, the decision will be made by the three judges: Mr AIM from Fit-and-Proper Street, London; Mr Regan from Puppet Place, Hampden; and thousands of Rangers shareholders – all of whom have their own specific interest in this bout. Who will prevail? Certainly, the press conference of Dave King yesterday was one of a confident man. Open, transparent, knowledgeable and with just the right amount of sincerity; there weren’t many Rangers fans complaining about his performance. Yes, many of us have held doubts over King’s less than impressive historic ownership efforts but in recent times, he has clearly upped his game. Firstly by buying shares himself, secondly by cleverly (apparently) working in tandem (though not concert) with other financially independent bears and, finally, unlike Ashley’s camp, coming to Scotland to show he’s not afraid of meeting the media (and his critics) on their terms. No-one can deny today’s subsequent press coverage is impressive. However, while some may swoon at the promises he makes; his opponents (plural) will not. To begin with, Mike Ashley has not made his fortune through weakness. Throughout his business career, he’s faced many a negative period. From risky investments losing their worth, to media and political pressure on his activities; despite his success and contribution to British business, Ashley has never been an immediately popular figure. Not amongst his peers, not amongst Newcastle supporters and certainly not revered by Rangers fans. As such, while Dave King’s poise yesterday may have impressed you or me, Ashley will be equally assured in his position and determined to defend his Rangers interests. Dave King may feel the EGM is already won but there will be no throwing in of the towel by Ashley – that’s for sure. Indeed, if we delve deeper into King’s comments, although he spoke of an ‘indifference’ to Ashley’s involvement and tried to play down the significance of the Englishman’s stake in Rangers, there was tentative evidence of an olive branch being offered. Yes, King may not want to do a boardroom deal ahead of next month’s general meeting but there has to be (and appeared to be) an acknowledgement Rangers’ ties to Ashley won’t be so easily cut. In that sense, it’s interesting to note that King (on the face of it at least) hasn’t written off working with him in the future. And why would he? After all, in many ways they’re kindred spirits. Both are less than popular with the SFA, both are less than popular with the Establishment and both are as stubborn as business people can get. Perhaps (probably?) that obdurateness may mean an obvious partnership is impossible but a short-to-medium term truce may well benefit both them and the club going forward. I can’t be the only Rangers fan intrigued in that possibility. I’d also imagine investors – both at supporter and institutional level may be attracted to such. In point of fact, it’s that very attraction that will prove key to Rangers going forward. Not only do we need the investment King and his associated are offering but we need share issues, contracts and external agreements to ensure the club is financially viable. Most importantly, we need an engaged fan-base; not just in terms of buying season tickets at pre-2014/15 levels or ordering various pieces of merchandise but via actual investment in the club – both emotionally and objectively as part of an increased say for supporters. Recent years have shown us how important it is for fans to be involved in the decision-making process and recent months has seen an agreeable upsurge in regard for fan/share ownership schemes. If we juxtapose that with events at Hearts and Motherwell then fan ownership in conjunction with philanthropic, affluent supporters is now a very real possibility. Further, if we consider the problems the Scottish game faces with its rapidly decreasing reputation and sponsorship reputation some would argue it will be a necessity. Ergo, the quicker we and all involved with the club realise that, the better. We need not be ever-reliant on bank loans, unfavourable contracts and greedy players – let’s now belatedly take the opportunity to build a sustainable club with its foundations built in the Govan community and beyond. Yes, this wouldn’t happen overnight and Paul Murray is correct to caution us in that regard. However, nurturing the seed of something better, more durable and more resilient is surely something worth waiting for. With that in mind, the coming weeks and months shouldn’t just be about cheering Dave King, Mike Ashley or anyone else to victory in their efforts. Yes, one or both or none may be worth backing at some point but the truth is, in the fight for Rangers’ future, it is the club and the fans that have been on the ropes and punch drunk for almost four years now. Therefore, it’s now time for us to take control of our own destiny and we have to realise we have the strongest punch when it comes to the future. We just need to use that power wisely. The rumoured March 6th EGM will be our first test. However, the fight will go on and we must take ownership of our own fate. Let’s get ready to rumble. -
http://www.dailyrecord.co.uk/sport/football/rangers-boardroom-battle-dave-king-5100588 DAVE KING will outline his vision for the future tomorrow as the Battle for the Blue Room gathers pace. King has called a press conference in Glasgow city centre where he is set to confront the challenges facing the club, now under the grip of Sports Direct tycoon Mike Ashley.
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pundit on Radio Clyde says if there's new players in, Kenny will be told who plays in the team. He said such things were common in England. Who will it be who tells Kenny the team ?
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“The dark eleventh hour Draws on and sees us sold To every evil power We fought against of old. Rebellion, rapine hate Oppression, wrong and greed Are loosed to rule our fate” I don’t think regular readers of this blog would describe me as what the media refer to as a “pop-pom cheerleader” of the various factions vying for control of our club. I’ve never seen the attraction nor sense of writing a blog to further the endeavours of rich businessmen who can afford their own PR machines. I’ve been highly critical of Dave King’s strategy to gain control of our club, and I stand by such criticism to this day. When I wrote my open letter to him, I envisaged King riding in like the 7th cavalry, scooping up shares to gain control of our club. Thereby uniting a fractured support, and thus enabling us to get behind our club where together we could build a stable future for her. What we got of course was something completely different which has only served to exacerbate such fractures. Furthermore, contrary to some reports, Mike Ashley is not the devil incarnate. He is a powerful, ruthless and opportunistic businessman who appears to maximise to his full potential, the misfortune and weakness of others. Sentiment does not appear to come into it – just ask the employees of USC. http://www.independent.co.uk/news/business/analysis-and-features/mike-ashley-wields-his-iron-fist-once-more-at-usc-9994171.html Alarmingly, our football club appears to be the latest victim of Mr Ashley’s growing business empire and he has been assisted in this to the full by a thoroughly incompetent, self-serving and shambolic Rangers board. Having comprehensively failed to balance the housekeeping budget they have then compounded the problem by rejecting all offers of outside investment thus leaving our club on the equivalent of a life support machine – relying on short term cash infusions where only the good grace and will of the donors prevented us from going under, as this shambles of a board failed to meet the repayments within the agreed time period. While the Man who would be King issued sound bite statements to the press, Ashley continued to increase his powerbase within our club, but of course every power grab carried a considerable financial caveat. Our retail, our historical assets, even our very trademark were considered fair game. Where there were dissenting voices within our boardroom, people who dared to highlight that such deals were not in the best interests of our club – Ashley eradicated them. Messrs Wallace, Nash & Crighton – RIP. A number of leaked e-mails demonstrated that the remnants of the Rangers board appeared to be more concerned about preserving their places on the board rather than pursuing the best financial deal for the club. http://www.telegraph.co.uk/sport/football/teams/rangers/11247379/Sandy-Easdales-true-role-in-Rangers-takeover-talks-thrown-into-question-by-release-of-emails.html Further confirmation of this was provided courtesy of Colin Kingsnorth of Laxey, who clearly felt it was appropriate to call time on this acquiescing of power to the Ashley Empire. http://www1.skysports.com/football/news/11788/9626770/scottish-championship-laxey-partners-sell-rangers-shares The consequence of course, is that we now have a Rangers board dominated by Ashley men. These are the same men who control the destiny of our retail, our historical assets (with the exception of Ibrox – for now) our very trademark. I will ask you a simple question. When it comes to a crucial vote in our boardroom whose interests will these men move to protect – Rangers or Sports Direct? The situation is beyond dire but it is still salvageable. Dave King has called for an EGM which will present us with the opportunity to replace the current board. I’m not being melodramatic when I say the destiny and future of our club is in the hand of shareholders. Furthermore I will not mislead you. I’m convinced Dave King does not have the financial muscle which the Ashley Empire has at its disposal. If we vote to remove the current board and replace it with a Dave King one, I believe our club will be on its knees for a longer period. But I’d much rather be on my knees under my own strength, striving and aspiring to restore this club to its former glory with every part of the body working together to achieve that aim, than be on my knees bended in servitude and reliant on the quick fix solutions of others at a cost which threaten to take away my very soul, my very heritage and my identity, What answer from the North? A resounding “Thanks, but No thanks Mr Ashley”
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I am delighted to announce that the Nithsdale Loyal RSC has today completed a purchase of 28,000 Rangers shares in our small attempt to try to get as many shares into Rangers supporters hands as possible. Our members are currently also looking to increase this number with individual purchases over the next week or so before the EGM. While this might not get us a board seat or even a mention of the list of shareholders, if every RSC out there managed to snap up a few thousand shares here and there we would soon have a significant enough number to collectively make a difference in voting terms and influence. I know other RSC's might already have done this either through the IPO or in more recent times as fan ownership vehicles have seen huge growth in numbers and contributors, and we salute them and now proudly stand alongside our brothers in arms against this regime.
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Excellent statement from The Blue Order. TBO Backs Rangers First and Buy Rangers. 29th Jan 2015 The Blue Order are pleased to confirm that the group has made a £500 contribution to both RST BuyRangers and Rangers First, to include life membership of both schemes. This outlay represents a very significant amount of our group funds but we felt that it was crucial that we played our part in committing to the current collective effort of the Rangers support to attain as many shares as possible ahead of the upcoming EGM. Within TBO, there is a strong appetite for significant and meaningful fan ownership and we wish to urge all our fellow fans to pursue this aspiration as much as possible. The journey to Fan Ownership will be a long and testing one, but the momentum currently carrying all fan share investment schemes is very encouraging to say the least and within our fanbase, is certainly unprecedented. TBO would like to think that the days of the Rangers support sitting idly by, whilst various self-serving custodians take advantage of the club are over. Rangers Football Club should be managed for the benefit of Rangers and the fans, not for anyone else. Given recent events and the latest disgraceful decision to hand more assets and revenue streams to asset strippers, we all know how difficult this will be, but we must campaign and organise for the fight and hope that a successful conclusion to the EGM issue will not be the end but instead will be a catalyst for real change toward significant fan ownership. Ahead of the League Cup Semi Final v Them, TBO had discussed putting funds toward a display as we have done previously at Hampden. Current group issues and logistics meant that this would be difficult to produce, to live up to the standards of previous efforts by ourselves and others. There was already talk of buying shares and we believe that our funds are better to be used at this current time on fan share schemes than a one-off display. Considering this, TBO would encourage all fans going to the game at Hampden to bring a flag or banner. A sea of red, white and blue in the Rangers end can look as good as any organised display. We ask those who have not already joined Buy Rangers or Rangers First to do so immediately, get yourself involved and ask your friends and family members too. This is something that all Rangers fans can be part of, from as little as £5 per month. This is not about TBO or any other group. This is about our Rangers which belongs to us all. This is about a collective effort that can make a difference if we all want it to. Two schemes, join either or both but do join! Are you in? #sharesforthebears www.therst.co.uk www.rangersfirst.org
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https://www.facebook.com/rangersfansboard
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Following detailed legal advice, the Rangers Supporters Trust (RST), with the financial backing of the Rangers Fans Fighting Fund (RFFF), submitted a petition to the Court of Session in Edinburgh on Monday 26th January, seeking an interim interdict to stop the Rangers board from granting security over Ibrox in favour of Sports Direct. Discussions between our lawyers and the board’s lawyers continued over the past three days. The conclusion of these discussions was the that board has agreed not to grant security over Ibrox for a period up until the 17th February covered by the advance notice they submitted. We are disappointed that we were not able to secure the extension of this commitment until the date of the upcoming EGM, as this now leaves a short period of time in which the board could grant security over Ibrox before they are hopefully removed. This is particularly concerning given the announcement yesterday that a further period of due diligence is required for the second £5m tranche of debt that the board has decided to saddle the club with. We believe our actions had a material impact in stopping the board from granting security over Ibrox. The revised deal with Sports Direct was agreed late on Monday night according to Paul Shackleton, the club’s AIM nomad. This was immediately following the petition submitted to the court, the announcement of which delayed what would have been a necessary interdict hearing in the Court of Session on Tuesday. We do not believe that the filing of a notice of intention to grant security over Ibrox was an error and we believe that a fixed security over Ibrox would most likely have been granted to Sports Direct had it not been challenged. We would like to register our disappointment that it was necessary to take legal action to hold this board to their public promises to shareholders and fans. Whilst we are pleased that the immediate danger posed to Ibrox has been averted, we share the anger of other fans at the latest act of corporate piracy perpetrated by the current Rangers directors. By accepting this deal with Sports Direct, they have plunged our club into unnecessary debt and, by pawning off further revenue streams including shirt sponsorship, have limited our ability to repay that debt. They have done this in their own interests and those of Mike Ashley. David Somers, Derek Llambias, James Easdale and Barry Leach have, in our opinion, neglected their duties to the PLC they are meant to represent. Our fans have one chance to remove these directors before they cause even more damage. We urge them to sign up at http://www.therst.co.uk/buyrangers and ensure that this board is removed at the upcoming EGM and replaced with directors who put Rangers Football Club above their own personal positions and the financial betterment of their masters. We will continue to liaise with our lawyers, the RFFF and other major shareholders regarding the actions of the Easdale brothers, David Somers, Derek Llambias and Barry Leach. We look forward to a forensic examination of their conduct following the EGM. We would like to thank the RFFF for their continued support, without which it would have been very difficult to challenge the actions of this discredited board. - See more at: http://www.therst.co.uk/news/ibrox-court-action-statement/#sthash.GhlaIbzq.dpuf
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The Sun saying he has been banned because he joined RF. Someone asking if Foster has joined yet.
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We are f----d. 27 January 2015 Rangers International Football Club plc ("Rangers" or the "Company") £10m Credit Facility and associated transfer of 26% of Rangers Retail Limited The Board of Rangers announces that Rangers Football Club Limited ("the Club") has entered in to agreements with independent.co.uk/news/business/news/sports-direct-stops-20000-staff-taking-other-work-by-using-zero-hour-contracts-9661746.html Retail Limited and associated companies ("SD"), to provide a long term on-going credit facility of up to £10m (the "Facility"). The Company's financial condition has been perilous for a number of months exacerbated by lower than expected match attendances. The Directors have implemented a cost cutting program with which they have made significant progress. There is however an immediate need for a substantial injection of capital, and the Directors have considered a number of options. The terms negotiated with SD (which are reversible in respect of the Facility) represent the optimum combination of quantum and duration of funding, allowing the Company time to arrange permanent capital which can be used for strengthening the playing squad. The Facility is structured in two separate interest free tranches. GBP 5million will be available immediately for working capital purposes and for the repayment of the credit facilities with MASH Holdings Limited which was entered into on 27 October 2014. All rights and security associated with the MASH facility will be cancelled. The Club will transfer 26% of the share capital in Rangers Retail Limited ("RRL") to SD for the duration of the Facility (the "Transfer"), which will be transferred back, at no cost, upon repayment of all outstanding sums owed by Rangers and its subsidiaries to SD. There is no specified repayment period for the first tranche of the Facility. The Facility is to be secured by (1) a floating charge over the Club's assets and (2) fixed charges over Murray Park, Edmiston House, Albion Car Park, and the Club's registered trademarks. None of the security that is being given to SD covers Ibrox Stadium, which is specifically excluded and remains in the full ownership of the Club, free from any security. SD will also have the right to nominate two directors to the board of Rangers for the duration of the Facility, any such nomination will be subject to regulatory consent pursuant to the AIM Rules and other regulatory bodies. If the entire sum drawn down is repaid, the Facility will be deemed to be terminated, all security will be released, the 26% of RRL will revert to the Company and all rights of SD to nominate Directors to the Board of the Company will cease. The second tranche of GBP5 million, which repayable 5 years after drawdown, will be used, if required, for working capital purposes and is subject to due diligence by SD prior to drawn down. The Company has also agreed that from the 2017/8 season, for the duration of the Facility, any future shirt sponsorship proceeds will be for the benefit of RRL. RRL will declare a dividend of a total of GBP 1,610,000 prior to the Transfer. The Club will use the proceeds of its share of this dividend, inter alia, to repay sums owing to SD in respect of the cessation of onerous leases on unprofitable stores entered into by a previous Rangers management team. RRL is a joint venture between the Club and SD whose business is selling merchandise both on-line and in stores. In the period ending 27 April 2014, RRL made a profit before tax of GBP 1,172,893. SD is a Related Party under the AIM Rules and accordingly the Facility is a Related Party Transaction pursuant to AIM Rule 13. The Independent Directors, consider, having consulted with WH Ireland its nominated adviser, that the terms of the Facility are fair and reasonable insofar as shareholders of the Company are concerned. The Directors would like to thank all the Rangers Stakeholders who showed an interest in helping the Company. Commenting on the Facility, David Somers said: " The Board has sought for some time to establish a long term funding solution for the Company in order to create a platform of stability to build for the future. This Facility begins this process and we very much hope that it will be augmented with further permanent capital in due course. In addition, the executive team have made strides in addressing the cost base of the Company in order to improve our financial condition and working capital profile. We very much hope that we can now move away from having to seek short term funding solutions and can focus our efforts towards investing in the first team playing squad, a return to profitability and to re-establishing Rangers in the top league in Scottish Football and in due course, to European competition. The Board now calls upon all shareholders to rally together to achieve this goal."
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26/01/15 12:13pm Chris Graham, of the Rangers' Supporters Trust, is confident that the fans will have an influence in the club in the coming weeks. http://www1.skysports.com/watch/video/sports/football/teams/rangers/9670177/graham-confident-of-fans-influence
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by Alan Clark | Deputy Editor http://www.thecoplandroad.org/2015/01/rangers-fan-ownership-pipe-dream-no-more.html
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I see Rangers First are at over 4k members now, as are the RST The example of Hearts having over 8k members paying in every month was often held up as something we should be quite easily topping with the size of our support Well now we have matched it, and will overtake it at the current rate of sign ups, quite an achievement considering its not backed by the club the way Hearts is I think as the schemes grow, and the numbers look more impressive, people who were not sure will be more likely to say "this could actually work" and sign up Its just a shame in typical Rangers fan fashion its split into 2 factions.. if it was one scheme sitting at 8k and rising steadily every day things would look very rosy for fan ownership imo Any chance of the 2 merging?
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Chris Graham @ChrisGraham76 24m24 minutes ago WH Ireland Limited: Accept the Legitimate Request for the Rangers EGM https://www.change.org/p/wh-ireland-limited-accept-the-legitimate-request-for-the-rangers-egm?recruiter=216314766&utm_source=share_petition&utm_medium=twitter&utm_campaign=share_twitter_responsive … -
Over 481,000 traded today , many small trades but some much bigger , the largest being an 150,000 one
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The Rangers Supporters Trust (RST) is delighted to announce that, following a successful meeting yesterday, the Rangers Fans Fighting Fund (RFFF) has thrown its considerable finances and influence behind the RST's continuing fight to ensure Ibrox remains under the control of the club. We are delighted that the RFFF has taken this decision and would like to thank them for doing so. There is now a substantial legal fund available, should it be required, to fight any attempt by this board to pass security over Ibrox to Mike Ashley. We will work closely with the RFFF going forward to ensure every avenue is explored. http://www.therst.co.uk/news/rst-gains-rfff-support-for-ibrox-legal-fight/
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keith jackson @tedermeatballs I'm not going to use the phrase 'statement klaxon' again. But, yes, I think one will be along very shortly.... -
Who gives the lowest dealing charges. Decide to do my wee bit and up my share holding. Halifax £12:50 per trade.
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...as they hold advanced talks with club bosses. Jan 12, 2015 07:32 By Keith Jackson RECORD SPORT understands the Lanarkshire-based businessman and his allies are on the brink of agreeing a deal in return for two seats on the board. DOUGLAS PARK and his consortium were locked in advanced talks with the Rangers hierarchy last night as they edged closer to winning the battle for control of Ibrox. Record Sport understands the Lanarkshire-based businessman and his allies, George Letham and George Taylor, are on the brink of agreeing a deal to plough over £6million of emergency money into the club to spare it from insolvency – in return for two seats on the board. An announcement is expected early this week as the current regime scrambles to secure fresh funding. And last night, with Park and his group on the cusp of forcing their way into a position of power, directors James and Sandy Easdale appeared to pave the way for their imminent arrival by insisting they will be welcomed into the boardroom. In a statement the Easdale family adviser Jack Irvine said: “Sandy and James repeat again that they will willingly work with Douglas Park’s group for the benefit of the club.” Between them, Park, Letham and Taylor already have control of 20 per cent of the troubled Ibrox club’s shares. They are pushing for regime change and plan to invest further in a new share issue but realise the club’s cash flow position is critical and needs to be addressed immediately. In fact, Hong Kong-based banker Taylor believes, in the longer term, Rangers fans should eventually have control over their own club. The Morgan Stanley managing director has now signed up to a life-time membership with fan-ownership group Rangers First and said last night: “My hope is that direct fan ownership would become the biggest individual owner of the club.” Rangers First director Ricki Neill said: “With our monthly contributors donating amounts from £5 upwards, Rangers First have the income to buy an increasing number of shares every month. “The more members we get to join Rangers First the faster we grow and the bigger our shareholding becomes. “We also have the Club 1872 membership – which George Taylor has recently joined. “This costs £500 and was designed originally to help us reach our target in as short a period as possible. “George Taylor is one of many true Rangers fans that have joined Club 1872 and we look forward to meeting up with him in the near future.” Phoenix Knight Robert Sarver has also offered Rangers a crisis loan based on the condition that he underwrites a share issue to the tune of £20m and buys control of the club. But, crucially, the American’s plan needs the support of 75 per cent of the club’s current shareholders for it to get off the ground and so is viewed as a non-starter. This has left Park in the driving seat although the board are refusing to engage in similar talks with like-minded Rangers supporter Dave King, the club’s biggest single shareholder with a 15 per cent stake. As the crisis deepens, the South African-based businessman is expected by many to call for an egm later this week in a bid to rout the current board at a shareholders’ vote. Newcastle owner Mike Ashley, meanwhile, may yet be prepared to make a rival offer after previously handing over £3m to keep the club afloat through November and December. A close source said last night: “The cash situation remains critical and because of this a decision had been expected over the weekend. “The club is now days away from running out of money completely so there is an urgent necessity to get this funding in place. “However, the talks with the Douglas Park group are at a very advanced stage and it is expected that an announcement will be made soon.” http://www.dailyrecord.co.uk/sport/football/football-news/rangers-boardroom-battle-douglas-park-4962945
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Three Bears investor George Taylor believes Rangers should eventually be controlled by the Ibrox support. Along with partners Douglas Park and George Letham - as well as oldco director Dave King - the Hong Kong-based banker is among three factions battling for control of the Glasgow giants. But while the Three Bears' most immediate threat comes from US financier Robert Sarver - who has launched a £20million takeover bid - and the current board and their ally Mike Ashley, Taylor believes the club should eventually be governed by the Light Blues faithful. The Morgan Stanley managing director has now signed up to a life-time membership with fan-ownership group Rangers First. In a statement given to Press Association Sport, he said: "My hope is that direct fan ownership would become the biggest individual owner of Rangers." Rangers First have made a number of significant strides in recent days. Wealthy supporter Jim McColl recently handed the group his 10,000-share Ibrox stake last week, while they have signed up around 700 new members since the Three Bears and King bought up around 34 per cent of the club in two surprise transactions just before the new year. The scheme - which is similar to the one used to rescue Hearts from administration - is now collecting thousands of pounds a month from contributors and using that to buy up shares. On Saturday night, they announced another 60,000 shares had been purchased, giving them control of 0.8 per cent of the club. The Rangers Supporters Trust has also recently increased its stake to just over one per cent. With the fight for power set to come down to which faction can get to 51 per cent, the fans could yet play a vital role for the Three Bears and King in the coming days. The board urgently needs to raise cash to keep the club afloat and an announcement on Sarver's revised takeover bid and possible news of another emergency loan is expected early next week. A general meeting may also be called if King and the Three Bears can find the support to force boardroom change. Rangers First director Ricki Neill said: "With our monthly contributors donating amounts from 5 upwards, Rangers First have the income to buy an increasing number of shares every month. "The more members we get the faster we grow and the bigger our shareholding becomes. We also have the Club 1872 membership which George Taylor has recently joined, this costs £500 and was designed originally to help us reach our target in as short a period as possible. "George Taylor is one of many true Rangers fans that have joined Club 1872, we look forward to meeting up with George in the near future." Meanwhile, midfielder Nicky Law believes a win against Hearts next Friday could kick-start Rangers' Scottish Championship title push. The Ibrox side host the Jambos but cannot afford to let Robbie Neilson's men add to their already huge 13 point lead at the top of the table. Law, who scored a first-half winner as the Light Blues finally beat Alloa at the fourth time of asking on Saturday with a 1-0 success at the Indodrill Stadium, said: "The quality of player we have got, we know we should be doing a lot better than we have been doing. "There is no way we should be 13 points behind Hearts but we are. Unfortunately that is a huge gap to claw back but we will do our best to try and rein them in, starting on Friday night. "It's a must-win game. If we can get it back to 10, you never know." -
Had a look at the LSE today and noticed that there are numerous transaction that happen each day, albeit most are small. The largest that happened earlier today was 30k shares sold for a few grand. Are the RST and/or RF buying these small numbers? if not why not? Is it all about funds available ........ How and when do they buy?
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Great day for the Rangers first schemem , now sitting at over 2170 members , superb , hopefully this is just the start , I know there is an off line campaign starting soon which has been funded by separate donations.
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[video=youtube;Qr3-ScLFG4w] While it's far too early, and things remain far too murky, to even whisper about some kind of bryter layter for Rangers, we can probably all agree that last week was the first time in, oh, three years or more when hopes were raised without being swiftly crushed again. The temptation is to rush headlong into dreams about good things happening next: Ashley snapping his fingers, tearing up his contracts and ruefully reflecting he'd have gotten away with it, too, if it hadn't been for those meddling Three Bears. Somers getting unceremoniously booted down the marble staircase and out onto Edmiston Drive. Easdale...well, hate crime laws are very strict in Scotland, so suffice it to say a more appropriate position, like sweeping out one of McGill's garages, would suit him better. It's hard to believe no-one in his circle has made him aware that his ongoing connection with Rangers is only making his public persona even less popular than it was previously, but it seems self-awareness is not a strong suit among Rangers board members, who have only stopped short of signing and appointing Ched Evans as clup captain in their litany of grossly self-destructive moves. But, in all truth, self-awareness is not a strong suit among fans, either. Even allowing for the natural, emotional response to all that has gone on in recent years - to defend what we perceive as the club, and to reject those who bring bad news as enemies or traitors - we've not covered ourselves in glory, Never mind what fans of other clubs say or think, they are (or should be) irrelevant to us, and we have to come to terms with ourselves and our club in our own way. Disharmony has been the prevalent key - if we actually do agree that the last week has been good it is a rara avis indeed, a very occasional visitor to these shores. Everyone has their own pet theory about why our fan base failed to act collectively or effectively during our - and I use the present tense, since we're far from out of the woods - predicament. In that use of the expression 'fan base' there lies the nub, for although we have the numbers we really don't have the unified power of a fan base,we have lots of fans who have different priorities. I've complained about people adding things onto Rangers often enough and won't repeat those arguments now, since there are more important matters to hand. But it's worth remembering that if we want people to stand shoulder to shoulder, the more colours we add to the strip, the less appealing it's likely to be. Keep it about The Rangers and only The Rangers and I fail to see how any Bluenose could possibly object to any fan body, or at least do so in any credible manner. Anyway, as fans we stand revealed as having serious self-identification issues. We've welcomed in, at first with some enthusiasm, then with more caution, and finally with dull, numb acceptance, a series of cheap tricks, none of whom have been able to replace Sir David Murray, who was not exactly the ideal partner himself. Beaten and battered, you can find fans who yearn for a strong owner, fans who want complete OMOV fan ownership, fans who have no clue, and all points between. Asking such a constituency to come up with a popular plan which will garner universal support is, to put it mildly, wildly optimistic. Maybe the shareholders who have emerged in the last seven days will turn out to be our Mr Goodbar after all, a strong reliable type who will do right by the club and us. Plainly a little bruised myself, I'm not even close to giving anyone one iota of trust until they've emphatically earned it. If we do emerge from these sick years with a club still intact, I hope at some stage we do the introspection thing, and come up with a different identity to the one which has proven next to useless over the last years. People who could have stepped up and helped us when we desperately needed them too have avoided us with a barge pole: no use denying it, we see people with Rangers connection investing in other teams. No doubt some will feel too attached to change, but if you survive a life threatening illness, the least you can do is examine yourself to see where you could maybe do better, should the worst happen again. Time enough to worry about that if there's nothing more pressing to be getting on with. And that day, sadly, is some way off yet. The best we can say is, at the end of each week, we're still here.
