aweebluesoandso 290 Posted March 23, 2015 Share Posted March 23, 2015 Sack Liamliar and Leach for gross mismanagement. Take Ashley to the cleaners for running the club by (don't know the technical name ) proxy. 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted March 23, 2015 Share Posted March 23, 2015 until long term funding options can be looked at? im confused i thought the whole point of getting them on board was their cash was our long term funding plan. why the delay? the support have done their part time to pony up. 0 Quote Link to post Share on other sites More sharing options...
Tom Davison 0 Posted March 23, 2015 Share Posted March 23, 2015 until long term funding options can be looked at? im confused i thought the whole point of getting them on board was their cash was our long term funding plan. why the delay? the support have done their part time to pony up. The new board members are surely entitled to be shown some patience. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted March 23, 2015 Share Posted March 23, 2015 (edited) until long term funding options can be looked at? im confused i thought the whole point of getting them on board was their cash was our long term funding plan. why the delay? the support have done their part time to pony up. will provide the Company with time to deliver a longer term funding solution. “We hope to present this package in the coming weeks " Edited March 23, 2015 by colinstein 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted March 23, 2015 Share Posted March 23, 2015 really means we will see how much the fans pony up in st money and how much we can get from others through a share issue to minimise the amount they need to put in. why not put the twenty mil they were banding about in first? thought no return was sought so should be no reason to delay. loans were a waste of time under the last board and they are still a waste of time now. king said he would invest whether he passed fit and proper or not so why now the wait and see approach? 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted March 23, 2015 Share Posted March 23, 2015 The new board members are surely entitled to be shown some patience.no not really. Rangers fans have always been impatient. This board will be treated and judged the same as the rest. onlw difference now is we are longer in the tooth and judge actions not words.The new board made promises for fan backing and getting them to this position now its time to pay up. three bears said they would happily stump up ten mil and king said 30 over 5 years . 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted March 23, 2015 Share Posted March 23, 2015 no not really. Rangers fans have always been impatient. This board will be treated and judged the same as the rest. onlw difference now is we are longer in the tooth and judge actions not words.The new board made promises for fan backing and getting them to this position now its time to pay up. three bears said they would happily stump up ten mil and king said 30 over 5 years . and it's been 2 weeks already...............don't panic Pike ! 0 Quote Link to post Share on other sites More sharing options...
Dragonfly Trumpeter 50 Posted March 23, 2015 Share Posted March 23, 2015 until long term funding options can be looked at? im confused i thought the whole point of getting them on board was their cash was our long term funding plan. why the delay? the support have done their part time to pony up. Because they want to put in equity and re-finance the business. Direct funding into the club can only be done in the proper manner. Expect the rights issue for the un-issued shares to happen shortly. Then the real work will begin. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted March 23, 2015 Share Posted March 23, 2015 This was the original deal as far as the record reported it. What the Mike Ashley deal REALLY means: He’s got control of the lot – and all for just £2million 13:13, 27 January 2015 Opinion by GaryRalston THE Sports Direct tycoon now owns security over Murray Park, Albion Car Park, Edmiston House, copyright of the badge and 75 per cent of retail – suddenly the puzzle of last year has become a whole lot clearer. MIKE ASHLEY’S iron grip on Ibrox has just tightened to the extent it could strangle hopes of a rebirth under new owners. It seems the only revenue stream in the district he doesn’t control is the turnover from the chip shop on the Copland Road. For the total sum of £5million he now holds all the club’s crown jewels in his big, Cockney hands, with the exception of Ibrox Stadium. He may have decided to let that be - for now - but still holds security over Murray Park, the Albion Car Park, Edmiston House and the copyright of the club’s trademarks, including the badge. He can also appoint two directors to the board, safeguarding the position of Derek Llambias and Barry Leach. Crucially, Ashley has also negotiated an additional 26 per cent in Rangers Retail Limited, taking Sports Direct’s total stake in the subsidiary company to 75 per cent. In effect, he can now do whatever he likes with the club’s retail wing - including renegotiating contracts, already weighed heavily in his favour, to boost the coffers of Sports Direct still further. Rangers Retail Limited will also benefit from the sale of shirt sponsorship from 2017, swelling an already bloated bottom line. Oh, and while he’s at it, Ashley has ensured Rangers’ share of the £1.6m dividend due from the current retail contract, around £800,000, will be repaid to Sports Direct for the privilege of shutting unprofitable Rangers Shops. Douglas Park The £5m Ashley has pledged, ahead of Thursday’s payday, will be used to repay the £3m loan he forwarded the club late last year. Basically, for an additional £2m, the Newcastle United owner has seized control over Murray Park, registered trade marks, an additional 26 per cent of the retail joint venture and control of shirt sponsorship deals from 2017. Ashley has also set aside an additional £5m in loans which, if the status quo remains, will surely be drawn upon before the first crocus pops its head above the grass on the roundabout at Edmiston Drive in spring. At the forthcoming general meeting Dave King and the Three Bears are expected to gather enough support from the rank and file to overthrow the current board and replace it with men in whom fans will have greater trust. They can repay the loans and undo much of Ashley’s dealings on Black Tuesday, but a long-term equity solution still requires 75 per cent shareholder approval. The Easdales represent a proxy vote greater than 25 per cent - suddenly, the future of the club as a fan friendly enterprise could be in the hands of the bus bosses from Greenock. They voted against resolution nine at the recent agm, which would have removed the need for such a large percentage of stockholder approval. Many scratched their heads in bemusement at their move that cold, December afternoon. Now? It’s all beginning to make perfect sense. 0 Quote Link to post Share on other sites More sharing options...
Ser Barristan Selmy 222 Posted March 23, 2015 Share Posted March 23, 2015 no not really. Rangers fans have always been impatient. This board will be treated and judged the same as the rest. onlw difference now is we are longer in the tooth and judge actions not words.The new board made promises for fan backing and getting them to this position now its time to pay up. three bears said they would happily stump up ten mil and king said 30 over 5 years . Plenty have been patient enough to back years of incompetent boards and unwatchable football. 0 Quote Link to post Share on other sites More sharing options...
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