Frankie 8,562 Posted April 19, 2011 Share Posted April 19, 2011 My head cant take this , i'm off to Dundonald for 18 holes and try to waste 6 hours , see you lot after close of business ... Wish I could join you. Not been on the golf course yet this year! 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,624 Posted April 19, 2011 Share Posted April 19, 2011 If any of the committee are involved in any management buyout then they should recuse themselves as having a vested interest. Even if the committee do not recommend the Whyte bid, I presume that Murray could sell his shares to Whyte anyway? One potential reason for all this is that the the deal will still go ahead and this was all to get the fans worried so that they will ask less questions when the deal goes ahead. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted April 19, 2011 Share Posted April 19, 2011 Uncertainty prevails mate but evidence suggests a management buy out (possibly backed by others) may be the alternative to Whyte - the 'irons in the fire' talked about by AJ the other week. That is merely speculation though. This would explain why Whyte is trying to get the deal done asap. Either way the onus is now on the committee to approve or reject the Whyte bid. If it was a bid by current Board members, are they waiting on the Tax issue to become clearer before they make a bid? 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted April 19, 2011 Share Posted April 19, 2011 If murray has given the green light and is the majority shareholder then why doesnt he just sanction the deal himself? or is it that he does in fact have no say anymore in the running of rangers? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted April 19, 2011 Share Posted April 19, 2011 If any of the committee are involved in any management buyout then they should recuse themselves as having a vested interest. Even if the committee do not recommend the Whyte bid, I presume that Murray could sell his shares to Whyte anyway? One potential reason for all this is that the the deal will still go ahead and this was all to get the fans worried so that they will ask less questions when the deal goes ahead. Yeah, the independent committee is merely an informal comfort for shareholders - as you know SDM can do what he like. Would he have to call an EGM to go ahead with sale though? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted April 19, 2011 Share Posted April 19, 2011 If it was a bid by current Board members, are they waiting on the Tax issue to become clearer before they make a bid? No idea mate. I'd have thought it was in all buyer's interests to move now to maximise season ticket renewals. But I guess people can buy season tickets at any time. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted April 19, 2011 Share Posted April 19, 2011 Have you all read the whole thread here? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,744 Posted April 19, 2011 Share Posted April 19, 2011 Re the tax issue, if Whyte was ready to buy, I would assume the tax issue has been covered and in any case, wouldn't this be more something the owner/culprit rather than the board has to address? (Wouldn't we be surprised if the deal just happens and Whyte and Co- look at the newspapers today and ask themselves: "What is this rubbish all about?") 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted April 19, 2011 Share Posted April 19, 2011 If the deal was agreed then there must have been provision for the tax issue.n I can't believe that is the problem here. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,744 Posted April 19, 2011 Share Posted April 19, 2011 FF's Shug just had his informers texting this ... Originally Posted by Southside_Shug View Post"Committee at Ibrox have concerns as backers have dissapeared/never existed and leaving Whyte on his own, they are looking for assurances that he has the clout to fund other essentials that will cost a lot of cash. This could still happen soon, it's up in the air. The board are looking to safeguard against a possible loose cannon or not depending on what Whyte puts in front of them " Well, well ... 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.