Ahmed makes third bid to have assets frozen

[jhunter 0]

So if the club does manage to raise 4M from this current bail out

 

Imran ring fences 620K

Letham loan 1M

easddale loan 500K

Costs 300K

 

leaves about 1.5M

 

enough to see us through October?

[Rangersitis 0]

who is falling out with him. chuck is his star witness.

 

Well, somebody doesn't want him to get the payout that he claims.

[Rangersitis 0]

Looking back at the reasons the judges gave for declining the two previous attempts, he has a great chance of being successful on this occasion.

[simplythebest 0]

Give it up Imran

[Hildy 0]

If he thinks he's entitled to the cash, he'll chase it all the way, but what are we learning about this situation? We have directors of the board who can earn - or think they can earn - exorbitant sums of money.

 

We know the business argument about the more he earns the more we make, but does it really work like that? How is this guy justifying this extraordinary amount of money?

 

If he's due half a million, surely Rangers must have earned a pile on top of it due to his efforts, but did it? What benefit did Rangers get - financially - that justifies such a large sum to a former director?

[compo 7,223]

looks like ahmed is on a personal jihad against the club

[der Berliner 3,814]

Just out of interest ... why is this case taking so long?

[forlanssister 3,114]

Just out of interest ... why is this case taking so long?

 

Because that's how the law works.

[Zappa 0]

This situation with Imran Ahmad has just reminded me of Martin Bain being granted an order to freeze about a half a million of the Club's assets due to fears of insolvency in September 2011 and Craig Whyte put us into administration 5 months later.

[Rangersitis 0]

This situation with Imran Ahmad has just reminded me of Martin Bain being granted an order to freeze about a half a million of the Club's assets due to fears of insolvency in September 2011 and Craig Whyte put us into administration 5 months later.

 

Exactly, and the situation now appears to be a lot more immediate than it was back then.