Frankie 8,562 Posted January 15, 2015 Share Posted January 15, 2015 (edited) http://sport.stv.tv/football/clubs/rangers/306606-mike-ashley-posts-intent-to-take-out-security-over-rangers-ibrox-stadium/ Mike Ashley has posted notice of his intention to take out security over Rangers' Ibrox Stadium. Documents seen by STV show that Sports Direct have filed their intent to add their name to the title deeds of the ground. Ashley has 35 days to complete the application but the lodging of documents indicates the owner of Newcastle United could be set to provide a secured loan to Rangers to provide badly-needed cash. Rangers have stated they currently do not have enough cash to trade until the end of January. Ashley notice of intent does not guarantee he will be the one to provide funding to the club but the move is significant for two reasons. Firstly no other party has previously been able to secure a loan against Ibrox because of a contingent liability listed in the club's accounts. The liability relates to a case brought by Craig Whyte, who claims he is the legal owner of the asset. Secondly the move by Ashley means that should any other party step up to provide funding to the club, they would not be able to secure their loan against Ibrox as the document lodged by Ashley takes precedence. The notice of intent would first have to expire before a security could be lodged. The club were unavailable for comment when contacted by STV on Thursday morning. Edited January 15, 2015 by Frankie 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,720 Posted January 15, 2015 Share Posted January 15, 2015 Chris Graham @ChrisGraham76 · 4m 4 minutes ago The shit is about to hit the fan. Liars, thieves and conmen. 0 replies 10 retweets 0 favorites 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted January 15, 2015 Author Share Posted January 15, 2015 Sons of Struth @SonsofStruth Ashley, Ibrox and Auchenhowie, aye that will be right, Ashley must go now. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,562 Posted January 15, 2015 Author Share Posted January 15, 2015 Chris Graham @ChrisGraham76 Notice lodged with Land Register to mortgage Ibrox and Murray Park to http://SportsDirect.com . Despite alternative funding available. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,624 Posted January 15, 2015 Share Posted January 15, 2015 Probably like most people, I'm not in any way surprised. 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,624 Posted January 15, 2015 Share Posted January 15, 2015 Some people need to explain why an EGM wasn't called before this. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,720 Posted January 15, 2015 Share Posted January 15, 2015 Andy Devlin @AndyDev28 2m2 minutes ago Rangers have lodged legal papers revealing they could offer up Ibrox and Murray Park as security on another Mike Ashley loan. 0 Quote Link to post Share on other sites More sharing options...
andy steel 0 Posted January 15, 2015 Share Posted January 15, 2015 (edited) EGM, for Chrissakes. What's stopping them? Although it could be a strong arm piece of blackmail, to extort a better pay off. But for fuck's sake, either do something or give up. Edited January 15, 2015 by andy steel 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted January 15, 2015 Share Posted January 15, 2015 looks like they will need to be forcibly removed asap. horrible news. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,720 Posted January 15, 2015 Share Posted January 15, 2015 Some people need to explain why an EGM wasn't called before this. Is it too late BD? 0 Quote Link to post Share on other sites More sharing options...
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