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It would be an absolute dream to have 3 different rich investor groups working together to take Rangers back to past glories. Unfortunately it is still a dream for now. I am afraid King and Sarver will both want the leading role.

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jgdisco1 jgdisco1 is offline

On The Bench

 

Join Date: 30-07-2006

Posts: 386

Default Checkmate

The latest:

 

- The current board is done and they now have gave up. The 500k emergency loan is simply a short term move to allow a deal to happen.

 

- Robert Sarver is independent to anyone and he's reached out to 3 bears and King to see what options exist for him. Feeling from 3 bears and King is that time is now to stabilise the club before bringing in outside investment. If he's still interested after this then of course he'll be entertained for discussions.

 

However, there are other prominent businessmen who are also in tent with 3 bears who will get to become more known over next few months.

 

- ideally the 3 bears and King want to acquire the club this week if possible - sticking point is Ashley, however, movement on terms underway.

 

As long as current board and Ashley don't do anything completely silly then I believe checkmate is here for 3 bears and King.

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Rangers power struggle: Robert Sarver must come clean on his motives for buying Ibrox club, says Alastair Johnston

 

 

 

Jan 05, 2015 23:00

By Keith Jackson

 

THE former Gers chairman has demanded that the American basketball club owner explain why he wants to buy the club... and what he will do if he does take control.

 

FORMER Rangers chairman Alastair Johnston last night urged Phoenix Knight Robert Sarver to reveal the true motives behind his plan to pump £18million into the broken Ibrox club.

 

Record Sport understands American millionaire Sarver will release a statement to the Stock Exchange at breakfast time in which he will confirm his intentions to buy control of the crisis ravaged Glasgow outfit.

 

The Arizona-based banker emerged as a potential buyer on Sunday and his discussions with the under-fire regime were officially confirmed at 7am yesterday in another official release to the market.

 

Rangers also revealed they have been forced to secure a £500,000 emergency loan from director Sandy Easdale in order to continue trading over the coming days until the club banks cash from Lewis Macleod’s sale to Brentford.

 

This latest bailout underlines the critical condition of the club’s finances and there were reports yesterday that HMRC were on the verge of issuing a winding up order over unpaid National Insurance from December’s wage bill.

 

And now Johnston wants to know exactly why a man with a background in banking and basketball seems so willing to spend a fortune fixing a club to which he has no emotional ties.

 

In an exclusive interview with Record Sport, from his base in the USA, Johnston drew up a list of questions which he says the Phoenix Suns owner must answer if he is to win the trust of a suspicious Rangers support.

 

He said: “I have no preconceived notion he is a bad guy. He has a good reputation in the NBA and is not known as one of these renegade owners.

 

“But I can’t for the life of me understand what his agenda is. There is no obvious connection between him and Rangers, Scotland or football. As far as I’m aware he has no granny in the Highlands.

 

“I don’t think he woke up one morning and said, ‘I want to buy a Scottish football team’. Someone must have planted the idea in his mind and it would be better if he told us who that was.

 

“If he’s going to get involved then he must be transparent and tell the fans the truth or else he will not earn their trust. They have been burned too many times.

 

“Also, what kind of offer have Rangers really received? Often in a situation like this offers have so many conditions attached that you can drive a truck through them. Why throw out this figure of £18m when he hasn’t had a look on the inside. Right now he can’t possibly know what the value of the club is.

 

“So the question must be asked, ‘Why are you interested in Rangers?’

 

“If you’re in it to make money that’s fine, as long as you are going to do the right things for the club.

 

“How much are you going to invest? That’s what the Rangers fans want to hear, not how much you’re going to pay out to the shareholders.

 

“How are you going to rebuild this club? These are the questions which need to be asked loud and clear.

 

“The guy is not a hermit. He’s not reclusive. He has been out front with the fans in Phoenix and seems popular there. But the Rangers fans deserve the truth.

 

“That’s why I would like to hear from Sarver about his agenda because, if he is really interested in British football, there are a lot of better, more obvious options right now than Rangers.”

 

As Sarver prepared to break his silence on the other side of the Atlantic, back at Ibrox the club was reeling again after another breathless day of drama which kicked off with the 7am announcements in London and ended with a third, confirming that Barry Leach – a long term ally of Newcastle owner Mike Ashley – has been appointed financial director.

 

Leach’s appointment suggests Ashley is tooling up for a bloodbath in the boardroom in the face of an attempted coup led by wealthy fans Dave King, Douglas Park, George Letham and George Taylor who, between them, bought up around 35 per cent of the club last week.

 

And it was another two-fingered salute to the SFA who were already probing the extent of Ashley’s Ibrox powerbase even before the appointment of another of his right hand men, Derek Llambias, to the post of CEO.

 

Bosses at the SPFL, meanwhile, spent yesterday morning investigating whether or not Rangers had breached their tough new rules on paying the taxman following reports HMRC were set to wind the club up in a dispute over unpaid national insurance.

 

Chief executive Neil Doncaster and secretary Iain Blair were unaware of the situation despite having an early warning system in place with HMRC which notifies them of any potential tax disputes involving any member club.

 

But after learning of the claims, Doncaster and Blair – who docked Livingston five points for breaking the same rules earlier this season – moved swiftly to discover if Rangers were next in line for a punishment.

 

Doncaster later confirmed to Record Sport: “On the basis of the information we have received we are satisfied there has been no breach of rule E20.”

 

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-power-struggle-robert-sarver-4924645

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