Ashley Fails in Legal Bid to Interfere with Rangers AGM

[chilledbear 16]

Surprised this has flown under the radar, taken from FF.

 

http://www.followfollow.com/news/tmnw/michael_ashley_fails_in_legal_bid_to_interfere_with_rangers_agm_874969/index.shtml

[chilledbear 16]

the Rangers AGM.

 

Today in the Court of Session in Edinburgh two of his arguments were thrown out and the third, and least important, was continued to a later date.

Essentially resolutions 9, 10 and 11 set out to give the Rangers Board power to issue new shares, to convert loans from wealthy fans into shares and to remove Ashley’s voting rights as he already has a considerable interest in another European club, namely Newcastle United. As this issue also involved the SFA is it likely to run and run.

By leaving the legal challenge so late, Ashley’s representatives have continued in a long campaign that suspiciously looks like an attempt to wear down the club and directors by issuing legal complaint after legal complaint - costing the club hundreds of thousands of pounds and having the threat of personal liability hanging over the directors.

 

This latest humiliation for Ashley is unlikely to be the last attempt to browbeat Rangers but must surely make his advisors and shareholders in Sports Direct question the sanity of allowing such an embarrassing farce to continue as it increasingly looks like ego rather than business sense is the motivating factor.

 

http://www.followfollow.com/news/tmnw/michael_ashley_fails_in_legal_bid_to_interfere_with_rangers_agm_874969/index.shtml

[compo 7,044]

one up for the good side then

[aweebluesoandso 290]

Ashley is a one nasty piece of work. but beatable.

[Tom Davison 0]

Ashley is a one nasty piece of work. but beatable.

 

Sadly, it may cost a great deal of money to beat him

[RANGERRAB 3,674]

Sadly, it may cost a great deal of money to beat him

 

But if he continues to lose such cases then surely he is liable for legal costs incurred?

[boabie 230]

But if he continues to lose such cases then surely he is liable for legal costs incurred?

 

Rangers will have a firm of solicitors acting to defend all cases brought against the club who will make claim for all expenses incurred in defending actions.

[MacK1950 2,378]

He even makes L*****l look like a saint if that's possible.

Hopefully SFA will be able to invoke one club interest rule and we can maybe give him his loan back and get rid of him.

He is such a money sucking leech that the merchandise rights may never be surrendered due to his ego.

[Bearman 9]

He even makes L*****l look like a saint if that's possible.

Hopefully SFA will be able to invoke one club interest rule and we can maybe give him his loan back and get rid of him.

He is such a money sucking leech that the merchandise rights may never be surrendered due to his ego.

 

Give him absolutely nothing, until he f--ks off.

[colinstein 294]

what's the third part that's been deferred ?