jhunter 0 Posted October 25, 2014 Share Posted October 25, 2014 Ibrox will always be Ibrox and Rangers will always be Rangers, no matter what sort of people are in the corridors of power now or for the next 5 years. so if thieving , carpetbagging scum are in power where every pound you spend 60p of it goes in their pocket , you just keep turning up and and doling out cash like a complete fanny? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,743 Posted October 25, 2014 Share Posted October 25, 2014 so if thieving , carpetbagging scum are in power where every pound you spend 60p of it goes in their pocket , you just keep turning up and and doling out cash like a complete fanny? What gives you that impression? Is "your Rangers" solely being made up of the company and the money grabbers, managers, and players that currently dis/-grace Govan? Whatever befell and will befall our club in terms of owners, managers and/or players is a disease that comes and will go away. Be it Whyte or Green or now Ashley. No-one likes diseases, me included. But neither do they define Rangers FC for me. And yes, I noted that Whyte was a nigh terminal disease and Ashley might augur a slow death disease. 0 Quote Link to post Share on other sites More sharing options...
jhunter 0 Posted October 25, 2014 Share Posted October 25, 2014 What gives you that impression? Is "your Rangers" solely being made up of the company and the money grabbers, managers, and players that currently dis/-grace Govan? Whatever befell and will befall our club in terms of owners, managers and/or players is a disease that comes and will go away. Be it Whyte or Green or now Ashley. No-one likes diseases, me included. But neither do they define Rangers FC for me. And yes, I noted that Whyte was a nigh terminal disease and Ashley might augur a slow death disease. No no i'm explicitly calling anyone who continues to keep on turning up under those circumstances a complete fanny. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,743 Posted October 25, 2014 Share Posted October 25, 2014 Andy Devlin @AndyDev28 1 Std.Vor 1 Stunde Ashley offer accepted by Rangers. Driven through by Laxey, Easdale and Ashley himself. Richard Wilson also tweeted the like. 0 Quote Link to post Share on other sites More sharing options...
True_Ger_1872 2 Posted October 25, 2014 Share Posted October 25, 2014 I do wonder what the exact terms of this deal are. What interest/securities are held as part of this loan? What would happen if there isn't a great uptake of shares - can Ashley really underwrite this issue given the 10% rule? Would the SFA allow him to go over the 10% as a form of special dispensation? Who exactly will take the place of Nash and Wallace. And i am going to assume that the Wallace pay off will be paid through the loan. An utter shambles of a club. It really worries me as to what exactly it will take to rid our club of these charlatans. Do we need to endure this for 20-odd years?? I am not going to judge King, Murray etc - but i am convinced we would not be in this position if these Rangers men had been buying shares and had worked up a holding. 0 Quote Link to post Share on other sites More sharing options...
govan_derriere 3 Posted October 25, 2014 Share Posted October 25, 2014 Rangers: Mike Ashley funding deal accepted by board By Chris McLaughlin & Richard Wilson BBC Sport The Rangers board has agreed Mike Ashley's offer of a £3m loan and a proposed new share issue. The Newcastle United owner put forward a financial package on Friday, as did businessman Brian Kennedy. Following overnight discussions, directors agreed to Ashley's offer on Saturday morning with an official announcement expected on Monday. It is understood that, as part of the agreement, chief executive Graham Wallace will step down. English businessman Ashley, who owns 8.29% of the Glasgow club's shares, had called for the removal of Nash and Wallace as part of his offer. Nash resigned as a director on Friday. As it stands, under Scottish FA agreement Ashley is not allowed boardroom influence or more than 10%. But his underwriting of a share issue could take his stake above that threshold if there is not enough buy-in from other investors. Kennedy was involved in an unsuccessful attempt to take over Rangers in 2012 Rangers need a financial injection to cover wages beyond November and Sale Sharks owner Kennedy became a surprise latecomer in the battle for control. In response to the news that Ashley's offer had been accepted by the board, Kennedy said he was "disappointed for Rangers" but would not be commenting further. Former director Dave King had also offered fresh funding to Rangers but could not agree a deal following talks with key shareholder Sandy Easdale and the board. Before returning to his South African business base on Thursday, King issued a statement saying that his group's offer remained on the table and that he was hopeful it would be accepted. In response to news of Ashley's offer, King insisted it did not affect his own bid "in any way". Ashley, who already has control of Rangers' shirt sales and retail division and owns the naming rights for Ibrox Stadium, refused to back King's proposal. Sandy Easdale, who controls a 26% block of shares, also declined to agree to King's proposals. While Ashley is demanding two representatives on the board, King also wanted to choose its chairman. Nash, the former Arsenal and Liverpool executive, had been employed as a financial consultant by Rangers before joining the board in July. Wallace, currently on a family holiday in Greece, and Nash had been supportive of the bid by King's group, which includes fellow Scottish businessmen George Letham and Paul Murray. http://www.bbc.co.uk/sport/0/football/29761396 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,743 Posted October 25, 2014 Share Posted October 25, 2014 The only interesting bit is that they "agreed to a share issue", which is what King wanted too. Since the Ashley backers agreed to the deal today, you would assume that they will agree to that share issue. It remains to be seen, what sort of share issue it will be and how much (or rather little) influence any investors would be able to get for their investment. 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted October 25, 2014 Share Posted October 25, 2014 what have we given away in return for the £3 million loan? 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted October 25, 2014 Share Posted October 25, 2014 Chris Graham tweet Sky reporting no Rangers directors to attend game today. Cowards have done their dirty work, no need to face the bears. 0 Quote Link to post Share on other sites More sharing options...
Blue Moon 1,289 Posted October 25, 2014 Share Posted October 25, 2014 A share issue where no doubt they have/will line up some companies who will in effect give Ashley total control. Will be the cheapest takeover ever. Time for the fans to step up. 0 Quote Link to post Share on other sites More sharing options...
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