jhunter 0 Posted July 2, 2014 Share Posted July 2, 2014 How do you square away somers assertion about stockbridge that the club had a lot to be thankful for then in the 120 day review he is then blaming the old regime for the state of the finances, onerous contracts etc? why if that was the case didn't he sack him? why did he state at the AGM the club needed no short term financing then take out 2 loans? why did he ask stockbridge at the AGM about having the option to buy shares at 70p then give them away for a penny? 0 Quote Link to post Share on other sites More sharing options...
TheWee BlueDevil 0 Posted July 2, 2014 Share Posted July 2, 2014 I would most likely have the answer to something I was stating. That's all I was asking. Otherwise said statement would be a load of bs like the one your defending.Like I said - arrogance is....................You just keep on believing you know best and you know better. If you actually do please post your proof right here.........simples!!!!!! See how easy it is???? Maybe you should have stayed out of............. 0 Quote Link to post Share on other sites More sharing options...
Dragonfly Trumpeter 50 Posted July 2, 2014 Share Posted July 2, 2014 For us clueless ones, can you provide some proof of this please. Cheers. All you need to do is take a look at the recipients of the 1p shares from the word go. BPH, MH and the rest. Then factor in Laxey, who purchased pre ipo - and see who is no longer involved. Then hazard a guess at who is benefiting from the onerous contracts awarded since the time the penny share option(s) were dished out. Expect even Chucky himself to appear with a stash of options like Stockbridge as well. The regime and power has not changed. That is why Wallace the planted puppet is costing the club close to £1 million a year to do their bidding. 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted July 3, 2014 Share Posted July 3, 2014 Like I said - arrogance is....................You just keep on believing you know best and you know better. If you actually do please post your proof right here.........simples!!!!!! See how easy it is???? Maybe you should have stayed out of............. I am sick of posting that i actually don't know best, i regularly point out that i am clueless in all this which is why i ask so many question about it. It's simple for one who can read, certainly. All you need to do is take a look at the recipients of the 1p shares from the word go. BPH, MH and the rest. Then factor in Laxey, who purchased pre ipo - and see who is no longer involved. Then hazard a guess at who is benefiting from the onerous contracts awarded since the time the penny share option(s) were dished out. Expect even Chucky himself to appear with a stash of options like Stockbridge as well. The regime and power has not changed. That is why Wallace the planted puppet is costing the club close to £1 million a year to do their bidding. Thanks mate, that's all i was looking for. Still not convinced but thanks anyway for at least replying. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted July 3, 2014 Share Posted July 3, 2014 STAFF REMUNERATION BS – the terms of my contract are public – £200k bonus for each of the next three years. I voluntarily agreed to remove my bonus payment that had been agreed for those years. It’s about delivering financial performance, I’m not taking an automatic bonus. Expect that post-AGM my remuneration and bonus will be announced. I joined the company on 14th June and wasn’t salaried until September. Paid a £50k electric bill form my own resources. Banners and chants do not reflect the reality of the situation. I have no outside interest and I have no 1p shares. BS paid 70p per share at the IPO. http://www.therst.co.uk/minutes-of-meeting-with-c-mather-and-b-stockbridge/ 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted July 3, 2014 Share Posted July 3, 2014 http://www.therst.co.uk/minutes-of-m...b-stockbridge/ Quote: STAFF REMUNERATION The staff costs appear massive and should not have been incurred for the level of football or the amount of work undertaken. CM – certain salaries are in the Annual Report and some scrutiny is valid. My own salary is £300k and the major institutional investors are aware of that and happy with it. The structure of my bonus has been discussed but it will not be linked just to winning the league. Lots of other factors will have to come into play, meeting player and financial budgets. Both McCoist and myself are content to work together to ensure that we reach a balance on incentives regarding the PLC budget for players and saving money so that one part of the club is not working against the other. We’re looking at reducing the historic level of professional costs – for instance, we are considering an in-house legal department to cap the level of expenditure there. We need to restructure and define cost centres. We are looking at the efficiency for example of Murray Park and wish to make that measurable in setting remuneration/bonuses. BS – the terms of my contract are public – £200k bonus for each of the next three years. I voluntarily agreed to remove my bonus payment that had been agreed for those years. It’s about delivering financial performance, I’m not taking an automatic bonus. Expect that post-AGM my remuneration and bonus will be announced. I joined the company on 14th June and wasn’t salaried until September. Paid a £50k electric bill form my own resources. Banners and chants do not reflect the reality of the situation. I have no outside interest and I have no 1p shares. BS paid 70p per share at the IPO. Also of note - this is exactly the same with Green also , from the IPO prospectus that encouraged investors and fans to buy shares: Mr Stockbridge is also entitled to a non-contractual bonus of 100 per cent. gross salary if the Club wins promotion from the SFL, Note the words "from the SFL". At the time of the prospectus, it was reasonable to deduce that the bonus was only for promotion "from the SFL". As it stands, we have not yet been promoted from the SFL - or it's equivalent. So the IPO prospectus contained different wording to that in his contract which pre dated the prospectus. So another complete and utter lie. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted July 4, 2014 Share Posted July 4, 2014 Inside man @insiderman2 · 7hGot two very angry brothers at the stockbridge share purchase at ibrox just now and no wonder. Looks like that @insiderman2 account is either temporarily or permanently down or removed. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,652 Posted July 4, 2014 Share Posted July 4, 2014 Looks like that @insiderman2 account is either temporarily or permanently down or removed. I don't think it's worth following too closely. For what reason would they keep deleting the account then reactivating it. It's not difficult to hide your identity if you're a genuine whistle-blower. 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted July 4, 2014 Share Posted July 4, 2014 Looks like that @insiderman2 account is either temporarily or permanently down or removed. He said last week he would post as much as he could until he was silenced. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,652 Posted July 4, 2014 Share Posted July 4, 2014 He said last week he would post as much as he could until he was silenced. In other words, he'd post what he'd read/gathered from various forums then stop until there was more. All his posts have been guesses and inferences. Not sure he's got anything of note correct - by which it can be substantiated. 0 Quote Link to post Share on other sites More sharing options...
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