BEARGER 1,830 Posted April 29, 2016 Share Posted April 29, 2016 (edited) Looks like things are now moving in the fans groups merger. Asset Transfer Vote Following an overwhelming vote in favour of the formation of Club 1872, there is a final step required to be voted on by RST members in order for the shares and assets of the RST to be transferred to Club 1872. The RST board is putting forward a special resolution to members. This resolution requires a 75% majority of those voting in order to pass. If the required 75% majority is reached and the vote is passed, it is the intention of the RST board to allow current Buy Rangers contributors a period of 2 months during which they may withdraw from the Buy Rangers scheme should they so wish. This step is not required under the rules of the RST but we feel, given members contributions over the years, it is fair for us to give anyone who does not wish to take part in Club 1872 the opportunity to withdraw. Please note that once shares and assets are transferred to Club 1872 the ability to withdraw shares in the society will no longer be available as all assets will be asset locked within Club 1872. We hope that RST members will continue to support the aims and objectives of the RST through Club 1872. As a board we are satisfied that those aims and objectives will be continued and furthered through Club 1872. We believe this is the next logical step towards greater fan ownership and representation in Rangers Football Club and we are excited at the opportunities which Club 1872 will present. Voting will open on Friday 13th May at 10am and close on Monday 16th May at midnight. The question presented at that time will be as follows: Do you consent to the transfer of the shares and assets held by and on behalf of the RST (and any interest you may have therein) to the entities which will form Club 1872? Edited April 29, 2016 by BEARGER 0 Quote Link to post Share on other sites More sharing options...
D'Artagnan 173 Posted April 29, 2016 Share Posted April 29, 2016 BG I take it given the previous vote getting the 75% will be a formality ? 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted April 29, 2016 Author Share Posted April 29, 2016 BG I take it given the previous vote getting the 75% will be a formality ? I would think so, hopefully. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted April 29, 2016 Share Posted April 29, 2016 It would be great as a first step if fans owned 25% of the club. ..hopefully next one would be to aim for the likes of bundesliege sides like Borussia Dortmund. Sugar daddies are getting scarcer and eventually we'll run out of 'Gers supporters who've got serious money 0 Quote Link to post Share on other sites More sharing options...
WATP_Greg 0 Posted April 29, 2016 Share Posted April 29, 2016 It would be great as a first step if fans owned 25% of the club. ..hopefully next one would be to aim for the likes of bundesliege sides like Borussia Dortmund. Sugar daddies are getting scarcer and eventually we'll run out of 'Gers supporters who've got serious money TBH I think 25%+1 share is a good target and above that I think there is an element of diminishing returns - though I'm open to be swayed 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted April 29, 2016 Share Posted April 29, 2016 It would be great as a first step if fans owned 25% of the club. ..hopefully next one would be to aim for the likes of bundesliege sides like Borussia Dortmund. Sugar daddies are getting scarcer and eventually we'll run out of 'Gers supporters who've got serious money I think I am right in saying it is now in German law that supporters must own 51% of the club. DB will know better than me but I am sure he has confirmed it before. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted April 29, 2016 Share Posted April 29, 2016 except Wolfsburg 0 Quote Link to post Share on other sites More sharing options...
Bearman 9 Posted April 29, 2016 Share Posted April 29, 2016 Found this Pete... The basis of the German model is the 50+1 rule whereby a minimum of 51% of the club must be owned by club members. This still allows for considerable investment opportunities for private business to invest while preventing them from having overall control of the direction of the club. A Bundesliga club board is made up of delegates selected by the shareholders (by wilson santiago). That way the supporter membership associations or Mutterveiren have a direct say on the management of the club. The benefits to this method are clear, especially to English supporters who long for an end to the days where English clubs are subject to the whims and excesses of individual owners or uncaring capitalists who use their club to clear their own debts. Corporate interest is curtailed by the interests of the supporters. As long as the supporters have the best interest of the club at heart, that club is unlikely to allow itself to become mismanaged. http://pitchinvasion.net/fan-ownership-the-bundesliga-model/ 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,830 Posted May 19, 2016 Author Share Posted May 19, 2016 RST 97% Yes RF 97.3% Yes 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,663 Posted May 19, 2016 Share Posted May 19, 2016 Thanks BG - I'll create a new thread for all Club1872 chat given their imminent formal launch. 0 Quote Link to post Share on other sites More sharing options...
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