chilledbear 16 Posted October 24, 2014 Share Posted October 24, 2014 I have been asked to make a personal comment on the rumour that the Rangers board is considering a loan from Mr Ashley. I don't see the offer of a short term loan by Mr Ashley affecting me in any way. Our offer is for a long term permanent solution that can take the club forward and unite the fans and the board for the first time in many years. The board is in the final stages of reviewing our offer and I expect a definitive answer early next week. Frankly, it doesn't seem possible that the board can do anything other than recommend it to shareholders given the dire financial circumstances and the fact that no other long term solution is on offer. Mr Ashley's involvement (and recently announced continued commitment) with Newcastle precludes him from making a similar offer of long term permanent equity. What Mr Ashley can do is attempt to increase his vice-like grip on the Rangers brand by improving his retail position as a condition for supplying short term debt to tide the club over until our permanent funding is in place. But I know that there are other investors also willing to provide bridging finance. The board will therefore not have to accept punitive terms even if Ashley attempts to oppose them. We must remember that the board is ethically and legally bound to act in the best interest of the company and all shareholders. Ashley can not expect preferential treatment and will not get it. I am confident that Graham Wallace and Philip Nash have enough integrity and commercial experience to do the right thing. http://www.twitlonger.com/show/n_1sdec2h 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted October 24, 2014 Author Share Posted October 24, 2014 Keep up to date Dave. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted October 24, 2014 Share Posted October 24, 2014 Talk about being behind the times. 0 Quote Link to post Share on other sites More sharing options...
True_Ger_1872 2 Posted October 24, 2014 Share Posted October 24, 2014 And now Brian Kennedy is back in the ring.....jeez-o this is getting fast paced now!!! 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted October 24, 2014 Share Posted October 24, 2014 I have been asked to make a personal comment on the rumour that the Rangers board is considering a loan from Mr Ashley. I don't see the offer of a short term loan by Mr Ashley affecting me in any way. Our offer is for a long term permanent solution that can take the club forward and unite the fans and the board for the first time in many years. The board is in the final stages of reviewing our offer and I expect a definitive answer early next week. Frankly, it doesn't seem possible that the board can do anything other than recommend it to shareholders given the dire financial circumstances and the fact that no other long term solution is on offer. Mr Ashley's involvement (and recently announced continued commitment) with Newcastle precludes him from making a similar offer of long term permanent equity. What Mr Ashley can do is attempt to increase his vice-like grip on the Rangers brand by improving his retail position as a condition for supplying short term debt to tide the club over until our permanent funding is in place. But I know that there are other investors also willing to provide bridging finance. The board will therefore not have to accept punitive terms even if Ashley attempts to oppose them. We must remember that the board is ethically and legally bound to act in the best interest of the company and all shareholders. Ashley can not expect preferential treatment and will not get it. I am confident that Graham Wallace and Philip Nash have enough integrity and commercial experience to do the right thing. http://www.twitlonger.com/show/n_1sdec2h is this heading to the courts? 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted October 24, 2014 Share Posted October 24, 2014 No joined up thinking here, the left hand doesn't know what the right hand is doing. They should have had a coordinated strategy , instead of everyone firing off in all directions. Let's hope Kennedy has a more coordinated battle plan, maybe a new Fab Four of George, Paul, Dave and Brian? 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted October 24, 2014 Share Posted October 24, 2014 Andy Newport @AndyNewportPA 34s34 seconds ago Dave King on Philip Nash's decision to resign: "He's a man of integrity. Perhaps he wanted to disassociate himself from something unsavoury" 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted October 24, 2014 Share Posted October 24, 2014 I don't see how King, Kennedy etc have a chance here. The shareholders and board members (perhaps Wallace withstanding) are all in cahoots and have no interest in anything they have to offer. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted October 24, 2014 Author Share Posted October 24, 2014 Could this end up in Court ? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted October 24, 2014 Share Posted October 24, 2014 I don't see how King, Kennedy etc have a chance here. The shareholders and board members (perhaps Wallace withstanding) are all in cahoots and have no interest in anything they have to offer. They really do have legal obligations to shareholders. 0 Quote Link to post Share on other sites More sharing options...
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