buster. 5,208 Posted October 26, 2015 Share Posted October 26, 2015 That's a fair point Buster. But it wasnt so long ago we had no confidence in how shareholders voted as their desires for the club were not at one with fans concerned about her well being. Boards and shareholders have a habit of changing - Id like to see some long term processes put in place which would re-assure us as fans with regard to vigilance. We've been through a lot and past regimes seem to have left a complicated legal and commercial 'mess' that isn't simple or straightforward to put right and get on an even keel. The fans groups seem to be in the midst of re-organisation and if/when that is achieved they should be in a stronger position regards keeping an eye on things and why not a seat on the RIFC board. 0 Quote Link to post Share on other sites More sharing options...
boabie 230 Posted October 26, 2015 Share Posted October 26, 2015 " It’s actually gone all a little too quiet because there are some hugely significant questions - most of them money related - which remain unanswered and King’s low profile, long distance leadership has, in fact, created an information vacuum. And into this vacuum all manner of malicious and ill informed gossip is slowly being poured. " Yes Keith. That's correct. It would seem that you yourself are more than happy to add to that gossip. You also did yourself no favours by addressing and answering your own questions. The club are in capable hands and the directors will ensure there is ten pence for the meter. The board will not be raising extra funds until the high court circus is over. Which begs the question, why bother Keith ? Why add more wind to the sails of Phil Whatshisname and the bile he spews ? A complete waste of ink. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted October 26, 2015 Author Share Posted October 26, 2015 " It’s actually gone all a little too quiet because there are some hugely significant questions - most of them money related - which remain unanswered and King’s low profile, long distance leadership has, in fact, created an information vacuum. And into this vacuum all manner of malicious and ill informed gossip is slowly being poured. " Yes Keith. That's correct. It would seem that you yourself are more than happy to add to that gossip. You also did yourself no favours by addressing and answering your own questions. The club are in capable hands and the directors will ensure there is ten pence for the meter. The board will not be raising extra funds until the high court circus is over. Which begs the question, why bother Keith ? Why add more wind to the sails of Phil Whatshisname and the bile he spews ? A complete waste of ink. to sell newspapers. As I said before "slow news day at the Record" and what is this "ink" thing you talk about ? 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted October 26, 2015 Share Posted October 26, 2015 " It’s actually gone all a little too quiet because there are some hugely significant questions - most of them money related - which remain unanswered and King’s low profile, long distance leadership has, in fact, created an information vacuum. And into this vacuum all manner of malicious and ill informed gossip is slowly being poured. " Yes Keith. That's correct. It would seem that you yourself are more than happy to add to that gossip. You also did yourself no favours by addressing and answering your own questions. The club are in capable hands and the directors will ensure there is ten pence for the meter. The board will not be raising extra funds until the high court circus is over. Which begs the question, why bother Keith ? Why add more wind to the sails of Phil Whatshisname and the bile he spews ? A complete waste of ink. Also, has DK not publicly stated the he (& the others) will fund any shortfall... 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted October 26, 2015 Share Posted October 26, 2015 But when is the time ripe? The way these things tend to work is that when we do find out there's an issue, it's too late to do anything about it. I think most of the time there's not so much we can do anyway, and when things appear to be plain sailing, why rock the boat? I think before, while we could see an iceberg from a long way, away and rightly set about doing something about it, at the moment we seem to be making steady progress in good waters, although our destination port is still quite a bit away. At least our current captain and crew seem more worried about the welfare of the ship and the passengers than their own personal glory and enrichment. Personally, I don't think this is the time - there are no warning signs and there are milestones coming up which we can use to this effect. As alluded to, there is an AGM and accounts due - that seems to be an ideal, ripe time to scrutinise things, and ask meaningful questions. Other milestones will be how the court stuff pans out. I do think we should expect that over time that some reassurance over confidential matters could be relayed through the fans bodies without revealing details to the general public. A the moment, I'm hardly expecting that there's much to report. For example, are the loans from the directors sufficient to see us through to the end of the season? If not, do we have more finance lined up? It's a simple issue but it's a great unknown. As dB points out, we do have Rangers minded people in place which gives a degree of reassurance but if we need, say, another £3m to see us through the next 6 months, are they able, and more importantly, willing to supply it? I'm not sure what you're asking for here as they have already said they will supply it. If you didn't believe them before, why would you believe them for saying it again now? It seems obvious that they are already highly invested in the "project", more than any of us, so I can't see any motivation for not following through. Even at the most cynical level, they would surely want their money back? We can't worry about everything all the time - and that is usually a strategy that forms a self fulfilling prophecy. The more you stress about some unlikely negative event, the more you create a situation where it will likely happen, and the less you enjoy the good and/or calm times. I agree with the vigilance but you also do that when you're watching a baby, but that doesn't mean you should keep waking them up when it's time to sleep because they seem too quiet. 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted October 26, 2015 Share Posted October 26, 2015 We've been through a lot and past regimes seem to have left a complicated legal and commercial 'mess' that isn't simple or straightforward to put right and get on an even keel. The fans groups seem to be in the midst of re-organisation and if/when that is achieved they should be in a stronger position regards keeping an eye on things and why not a seat on the RIFC board. If the fan ownership group(s) achieve a certain level of share percentage, they will have to be given a seat on the board. How the fans decide who represents them could be complicated, and with all the confidentiality, it might not increase transparency at all. But hopefully having someone we can trust, can be in a position blow the whistle if things start getting dodgy again, and in the mean time provide reassurance that everything is ok. How much do you think they will need? 10%, 20%? Unfortunately the share issue will probably dilute the current standing somewhat. 0 Quote Link to post Share on other sites More sharing options...
buster. 5,208 Posted October 26, 2015 Share Posted October 26, 2015 (edited) If the fan ownership group(s) achieve a certain level of share percentage, they will have to be given a seat on the board. How the fans decide who represents them could be complicated, and with all the confidentiality, it might not increase transparency at all. But hopefully having someone we can trust, can be in a position blow the whistle if things start getting dodgy again, and in the mean time provide reassurance that everything is ok. How much do you think they will need? 10%, 20%? Unfortunately the share issue will probably dilute the current standing somewhat. I think the fans groups already merit a seat at the boardroom table but now they have started a process (joint venture), they need to show themselves capable of bringing it to a conclusion and moving on from there. As for choosing an individual, a process should be put in place and carried out. There are obvious limits to transparency and information flow....commercial confidentiality, legal gagging orders, contingencies/the legal process/sub-judice, etc....... but it's important to remember that there are already fans in the boardroom who seem to have the best interests of the club as a priority and the type of vigilance required and lacking/ineffective in the recent past won't be as extreme. That said, I'd like to see a responsible and competent, Independent fans group director on the RIFC board as soon as possible. edit The board didn't waste anytime in actually giving a prominent member of one of the fan groups a seat at the table but that didn't go well. So there was a will on the part of the board but in hindsight perhaps would have been better advised to have taken their time and made a more careful choice (everything considered). Edited October 26, 2015 by buster. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 26, 2015 Share Posted October 26, 2015 If the fan ownership group(s) achieve a certain level of share percentage, they will have to be given a seat on the board. How the fans decide who represents them could be complicated, and with all the confidentiality, it might not increase transparency at all. But hopefully having someone we can trust, can be in a position blow the whistle if things start getting dodgy again, and in the mean time provide reassurance that everything is ok. How much do you think they will need? 10%, 20%? Unfortunately the share issue will probably dilute the current standing somewhat. The RST already had a Director on the Board, granted it was for a mere blink of an eye and RF have their man as Secretary. We must be careful that we don't get into a situation where the Board are influencing the Fans Groups rather than the other way round something we've had glimpses of in the not too distant past. 0 Quote Link to post Share on other sites More sharing options...
buster. 5,208 Posted October 26, 2015 Share Posted October 26, 2015 The RST already had a Director on the Board, granted it was for a mere blink of an eye and RF have their man as Secretary. We must be careful that we don't get into a situation where the Board are influencing the Fans Groups rather than the other way round something we've had glimpses of in the not too distant past. Aye, I only just recalled that. 0 Quote Link to post Share on other sites More sharing options...
limeburner 0 Posted October 26, 2015 Share Posted October 26, 2015 When Jackson starts asking questions on our behalf ,and being thanked for doing so ,we should start to worry.Hes a no mark rabble rouser. 0 Quote Link to post Share on other sites More sharing options...
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