ian1964 10,724 Posted November 26, 2019 Share Posted November 26, 2019 Housekeeping up first It’s the housekeeping stuff up first with the voting on the Ordinary resolutions, such as the re-election of directors, Graham Park, John Bennett and Alastair Johnston. All pretty standard. It’s the housekeeping up first with the voting on the Ordinary resolutions, such as the re-election of directors, Graham Park, John Bennett and Alastair Johnston. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 "A couple of hundred Rangers fans and shareholders in attendance at the Armadillo. "Company Secretary James Blair opens the AGM and begins the process of voting on each Resolution." https://www.heraldscotland.com/sport/18060405.rangers-agm-live-latest-updates-dave-king-rangers-board-meet-shareholders/ 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 King not satisfied with financial situation He said: “How can I be satisfied with loses of £25m in recent years?” He says it was the only way to meet demands of supporters and the board were willing to spend in excess of that they earn. He was willing to do it but can’t do it for too long “without risk of collapse.” Says the club needs to get to get back to financial security. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 King on Sports Direct “We continue to be bedevilled by Sports Direct’s influence on retail” https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 King says investment exceeds £30m King admitting it costs a lot of dosh to sack managers. We would be significantly worse off without the backing of the board and the investors. King says he and the Three Bears have exceeded the £30m invested needed but no longer need to keep doing it. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 New share issue in January Funding initiative for new shares that will deal with the money needed to this season. He sees no need to continue the ad hoc investment and can sit down with an approved financial plan for squad. There is no longer a strategic need to incur losses. Funding initiative for new shares that will deal with the money needed to is season. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 King to dismantle holding company King plans to dismantle the Rangers holding company and fold the shares into the football club. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 RECAP! A wee recap... King not happy with £25m of losses but satisfied they were needed to get club challenging again. Plans for a share issue that will deal with the shortfall this term. There’s no more need for ad hoc spending each transfer window as a plan and a budget will be in place from now on. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 "It was a sense of duty." - King King is getting emotional. Talking about the past... I was a witness to the bank driven sham sale to Craig Whyte and watched on on horror. I still fail to understand why Mike Ashley propped up a failing board. I made clear at he time re-engagement at that time wasn’t something I was looking to do. Reluctantly got on board to change the regime. I was aware if we were successful I’d need to follow it up with time and investment. I knew it would be time consuming etc. It’s not an experience I’ve been able to enjoy - it was a sense of duty. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 0 Quote Link to post Share on other sites More sharing options...
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