Rangers Banter Archive November 20 2013

 

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20 Nov 2013 20:11:46
I have to agree with real fans who are concerned by this latest appointment. Fans should be told what he will earn, what he will bring to the club, and how much will he take if he does not get re elected at the AGM. Why is this allowed to happen. What are the McColl Murray saviours doing about it? Or does nobody give a hoot about the club the fans or the future?

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Obviously a worry from a major investor as well -3. 2Million shares dumped today. where was David King today he could have picked them up for 41p instead of IPO price. he is not interested. until 2nd admin and he can do a greeny and pick 5M shares up for 50K

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@1. I would hope to avoid 1 administration. What makes you think there'll be 2? Do you know something the rest of us don't?

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Mr Carro, tell me any major company that gives that information and not that I like defending the McColl/Murray combination, but this is not something that they can influence.
To oj17, the share sale was probably pre-arranged and Dave King has already intimated that he will not give any cash to the original investors and will only invest in the club.
To ABH 75. Investment is essential for the club to continue through 2014, either from within or from external sources.
In my opinion, their is a big 'game' of brinksmanship going on and that is a very dangerous situation for our great club.
billyb

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OJ - 3.2m shares were bought by Laxey Partners yesterday and the name of the shareholder appears as credit suisse client nominees uk ltd

what is the relevance of that trade and what does it mean for our future - who knows!

everyone wanted change and change is happening, from the original gang of shareholders in TRFC ltd many names have gone and now from the original RIFC board only stockbridge is left,

if it turns out that those same people are now buying more shares, then that begs the question, why do mccoll, murray and others making noises not do the same?, they have a great opportunity to buy in now at 41p

the track record of Graham Wallace at man city speaks for itself, and the business expertise of Somers is undoubted, just what shareholders decided to put them in their remains to be seen and also will they be reelected at the AGM is another question

JG

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They are not buying because none of the money goes to our club it all goes to the robbers who got shares at 1p a poke.
You will maybe find that the same bunch are buying as selling to inflate price again before issuing a call to arms from fans etc because all the money has gone and there is a need for a new share initiative? if we buy them more fool us. McColl etc are playing the waiting game and hoping everyone else wakes up that money goes out as fast comes in so nothing for the team or workers at Ibrox etc. They more likely hoping the lot crashes round Green and co ears,, so admin 2 best option to fund Rangers over next few years.

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It is absolutly ridiculous that any bear should be hoping for a 2nd administration, that's really disgusts me

As for McColl and all, I remember watching green on tv saying he welcomed anyone to join him and invest in rangers when his group were buying the assets, why did McColl and all not invest then, even a million quid (as mather put in) would have meant that they would have received shares as part of the IPO share transfer agreement and had a voice on the inside of what was going on not on the outside

For them now to turn round and say we ain't buying shares because they will need to buy from those who did initially invest is a kop out, 15% of shares are not in public hands, why don't they do a deal to buy them, that money would then go into the Rangers

By the way ALLY rangers shares are call
1p Ordinary Shares,
that don't mean that some people bought them at 1p, those who put money into to buy the assets received shares as part of the IPO share transfer agreement mate,
the fact they also received their initial investment back as well as shares proves further that McColl and all should have put their money in then but the risk was too high for them

JG

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Are you serious?Green handed out to his people including Ally millions of shares at 1p? why? he should have paid the same as everyone else? or is that his bonus for saving us? god he has taken hundreds of thousands of pounds out Rangers and now more selling his shares on for 40plus pence. What has the club got out Green etc share sales? mmm recall now, nothing not even 1pence. Why are you thinking the share money now goes to Rangers? the first sale issue did! from now on none of the shares selling go to Rangers? why would it. The money from the shares has nearly gone anyone still investing are lining others pockets. Ally was given his shares by Green just the same as the rest of his pals? not any of our support ie fans got them at that price or our supporters groups hence the mire we are now in with Green etc having spent the dosh and now selling on to make more for themselves not Rangers. I can't believe you actually think the money getting spent on shares now / goes to Rangers that is so wrong. Although you may find that the new directors and board will be asking us soon to buy more shares to keep Rangers going? fools and their money as they say.

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@7 did you read what I posted, you clearly have no idea how the business was done from buying the assets to the ipo to the share trade agreement and now on the buying and selling of shares, of course anyone selling shares now will receive the money for those shares, but there is 15% of shares held by the company which were never sold, if those shares are now sold who do you think will receive that money

JG

JG

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20 Nov 2013 18:08:22
ED

Heard anything about this ?Perhaps share price movement was due to fact that another site - has released an excerpt from SPFL board minutes that show they will now chase the newco for a £250K fine that was imposed on the oldco for the EBT scandal. As SPFL cannot recover from liqudated company they have decided it is a footballing debt which newco agreed to cover as part of the 5 way agreement. Seems like everybody is trying to get their cash before second admin. Sell now before left with nothing

From LSE Share Chat.

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{Ed039's Note - I had seen that Pads yes)

If it is part of this legendary 5 way agreement then why now is it just surfacing. Would also like to know did the SPL pay DU the money they held back from Rangers from a Scottish Cup tie season 2011/12.
. Rangers also had to Forfeiture £2. 55m winnings of in prize money from the SPL for the 2011/12 season. How much do they want.

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{Ed039's Note - Plus the money from Steve Davis)

20 Nov 2013 22:10:21
Is it possible the rangers didn't forfeit 2. 55 million prize money but actually the spl couldn't give the liquidated clubs money to a new club? Similar to the £600,000 every spl team got from setanta that isn't being paid to the new club also? Just a thought?

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Hi ed - I posted to you first - you didn't publish. I then posted to LSE site under same user name. you should make clear THIS info on scribd site as excerpt from SPFL minutes 28th October. and further today 3. 2 Million shares were dumped today by single investor as well as the 200k shares yesterday that caused me to look into reasons why

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{Ed039's Note - if they were both there then I would only post it once to avoid repeating it)

21 Nov 2013 07:58:00
@1 Are you seriously suggesting that Newco should be free of Oldco's multi-multi-million pounds debt but be entitled to the winnngs earned by Oldco? The football debts were the price agreed for newco entry to the league - surely everyone can see that without that then any club would be free to buy success beyond its means, not least by nabbig othervteams players and not paying for them, then just shed all its debts by going into liquidation and taking three years to go through the leagues as it overspends on same strategy all over again? There has to be at least some measures to avoid financial unfair play on that scale! Surprised to see you joining in on this one Ed, seriously shocked to see you claim davis money should've come to newco, that just simply isn't the case for all sorts of reasons, legal as well as fair play.
Jocko

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{Ed039's Note - I never said rangers should have seen that cash, just merely showing that not only the board who have been getting wealthy off rangers)

21 Nov 2013 13:16:17
Ed I'm sure you would agree, though, that there is a big difference between the spfl "getting wealthy" by legitimately "withholding" money that is simply not due to newco, and the board getting wealthy through hoodwinking the fans and other jiggery pokery tactics. Just your comment at @1 made it sound like you put both in the same bracket?
Jocko

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{Ed039's Note - Why not pay out to oldco then, I keep hearing all the concern for the creditors, surely then that money belongs to BDO so I dont agree with your ascertation that witholding the money is legitamate)

21 Nov 2013 18:47:13
Fair point Ed, though it's not so much getting wealthy "off rangers" in that case, rather getting wealthy "off rangers creditors". don't really think we can cry victim on this one.

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{Ed039's Note - I wasn't crying victim for Rangers, I was bemoaning the lack of sense at the SFA or whichever organisation it is)

22 Nov 2013 21:48:03
Ok so we're all agreed then, the sfa are a bunch of balloons but rangers not particularly victims. Glad that's been cleared up and sense prevails. Can't stand this victim mentality that has prevailed ever since liquidation.

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20 Nov 2013 10:09:17
just heard that this board have appointed a new CEO
so we now have another finger in the pie it's an absolute joke so we now have another half a mil in payoffs in just over a month the longer this has went on has made the easdales look like muppets putting money in while these clowns take it straight back out I wonder what they've been given for their money

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Our club is run by a bunch of chancers
so expect more people to come on board hear is a couple of lines from latest new recruit "That strength will be built upon strong leadership of the club and the continuing support of the fan
does he really think us the fans are that gulable no way will we support these chancers again so he better dig deep into his own pocket because we have had anuf

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And the flak transfers from the original culprit SDM to anyone else. I am concerned that at the end of the day another admin arises because they bled the company dry

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@1 I admire your faith in our support mate but I'm afraid evidence suggests we will continue to roll up in our droves to line the pockets of others.

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**** me baybear you are still alive lafs
yep you are right mister the saddest part of this rip off is the fans are being fleeced by rich crooks
Every time I read another one of them buying a castle or extending their mansions it sticks right in my throat
I hope you will be heeded nxt year as seasons plus bigger protest is only hope we have I fear the AGM will be won by the crooks then the 2nd admin we know is coming will happen
Sick to death of it all george

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OMG not more rip off merchants? surley there no end to their picking the bones dry?

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@4 :0)
Aye George, still alive just lost a bit of my enthusiasm for banging my heid against a brick wall.
I believe the word is 'scunnered'

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@ OP the Muppets are appointing these new rich kids to strengthen the current regime's position before the AGM. If they lose the vote it will cost our club hundreds of thousands of pounds in pay offs. This is hundreds of thousands of pounds more when we are already completely skint. Hardly the actions of "good Rangers men" Self interest and self preservation only -nothing else.

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20 Nov 2013 08:00:47
Just a thought, but i'd be obliged if someone could clarify for me please. in recent announcements, much has been made of there being two boards at ibrox. the rifc board, and the club board. at the agm, which is for the holding company, rifc, if someone is voted off the rifc board, does it follow that they are automatically taken off the club board?
or will it result in another battle to remove them from the club board?


just a footnote. is baybear still with us?

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Aye, still here
Just been reading instead of posting. Quietly getting on with following my instincts. Cancelled my renewal prior to the start of the season and won't be back until I'm happy the club is being run with dignity, honesty and respect for the supporters. Ashamed that I let myself be mugged into renewing last season if I'm honest. Held off until Walters appointment then caved in. Still can't bring myself to question Walters motives. Same can't be said of my opinion of Ally though.
Sure there are many happy to see the back of supporters like myself. The forum would suggest that taking this stance makes me not a true Rangers man as you have to follow follow no matter what. We had a chance to use our power to force change and we blew it. I have to be honest and say that Rangers does not even feel like Rangers for me at the moment. I haven't even been checking the score as it means nothing to me. I can't feign interest in this pseudo club being run by liars and conmen who are continually backed by a former legend. Ally is the one who sticks in my throat the most. In many ways I don't blame the businessmen involved. Their objective is and always has been to make money. It's not their fault that we've made it so easy for them. They have no loyalty to us or our history and traditions, why would they? But Ally? he's a different story. His conduct in all this has opened my eyes about football in general. I knew there wasn't much honesty and loyalty in football now but I would never have believed that Ally would contribute to this charade. By continually turning up we are just as responsible for continuing this disgusting pantomime. I can't be part of that and I'm appalled that Ally and pals are happy to smile to our face whilst stabbing us in the back.
So to the head in the sand brigade good luck to you. This club is what you deserve by your continued refusal to listen and see what's right in front of you. If your happy to get excited at seasoned pros battering students and call centre workers each week then bash on. Keep deluding yourself that Ally is great and this is Rangers dignified rise back to the top. I personally don't care about a quick return to the top. If we had acted with honesty, dignity and respect for the Scottish game I would be there happily supporting my club. I would give all my support to a team of young Rangers boys regardless of how long it took. I'd sooner watch a team like this in the juniors than what's on offer at the moment. If it was just about winning and humping other teams then I'd still have a season ticket but it's not. Unfortunately it's all about money and greed. So as long as there are more pro Ally, blue tinted Ostriches than fans with a clue then this disgusting charade will go on and on. I hate to say I told you so but. well, I did, and was subsequently branded Timmy.

Apologies for the rant HughPhil. Bet you wish you hadn't enquired as to my whereabouts now ;0)
Cue the moronic abuse.
oh, and well done to the Sons of Struth for having the bottle to put your head above the parapet for the sake of us all. Keep fighting the good fight boys.

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Hugh - the actual football club does not have a board but yes there are two boards

TRFC Ltd, the company that bought the assets of the football club, which is a subsidary of RIFC has a board of directors, currently James Easdale, Sandy Easdale and Brian Stockbridge

RIFC which is the holding company of TRFC Ltd and to which all the assets were transfered at the IPO in return for shares in RIFC also has a board of directors, Stockbridge, James Easdale and the two who have have just joined

Looks like whoever controls the boardroom of RIFC controls the board of TRFC Ltd which is why Ahamad, Green, Mather and Malcolm Murray were all removed from the board of TRFC Ltd after they were removed from RIFC

hope that makes sense to you Hugh

JG

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Baybear, as always a frank and honest post from a very decent gentleman! In all of this fiasco you continue to be the only true rangers fan I feel sorry for! I sincerely hope that YOU and YOU alone get your club back! You have been missed on this forum as the other so called people are at each other's throats! It is great entertainment but it just goes to show what these other so called people are about!

Good luck Baybear and maybe you should post again on the other forum as the vast majority of the posters enjoyed your posts as the intelligent perspective of a true rangers supporter, and not the incessant name calling and point scoring that the so called people who infest this site with their bitterness and hatred try to put their disgusting bile onto their site!
Cheers BB and good luck
NACS

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Baybear dude good to see you are alive and reading like myself
Your feelings on Alistair Judas McCoist are EXACTLY mine
Every time he opens his mouth winds me up
Is it just me or did you not think over the years as a player and a pundit he was sharp witty and intelligent man? But how he has carried himself in the last year he is clearly just a selfish sleekit (that word is the definition of him for me) disloyal (to us fans) nasty and surprisingly chav like in his interviews and comments.
The fact he thinks people are mugs by saying things like he didn't check his contract but also at the same time has the craftiness to throw in an aside about his full salary being shown in the accounts, he hated having to take that paycut, the fact it is to be restored on our return to the top sums his greed up. please god that he is not in charge by then.

I fully understand the boys on here going on about loyalty and his record this year. look if you stick my wife in a Ferrari she will leave me standing in a Polo
Thats exactly what we have comparing the Rangers squad to the other normal squads for a third tier team.

Regardless my dislike of him is nothing to do with his lack of skill as a manager it's his lack of compassion and honour as a man I despise him for, backing everyone including the latest puppet he is shameless in his arselicking skills.

Well, same as you baybear rant over let's hope we catch a break and win the AGM that would be a step in the right direction, one thing to be thankful for the removing of us to the 4th tier has been a godsend, can you imagine the results we would have had under superally against quality teams we could have had some embarrassing defeats to tims.

RTID go on SoS. george

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Good shout Baybear, as for the fools let them abuse. serves no purpouse other than to get the hair off their Knuckles and allow the robbers to keep going.

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@3, 4 and 5
Cheers fellies, it just became clear that my views are that of a minority of the support. This whole sorry escapade has taught me a lot about my club, our support and football in general. Most of it stuff that in some ways I wish I hadn't learned. I'm as guilty as the next man of questioning nothing during the glory laden days of the SDM era and I make no apologies for that. When it all seems hunky dory and your winning titles and trophies all the time you're blinded by success and see no need to question what we now know to be the biggest façade of them all. What I really can't come to terms with is the blind faith and pig headedness in our support; despite what is right in front of their eyes? Whilst I marvel at the loyalty of our support I only wish they could see they are being taken for a ride in a wee neds Corsa dressed up as a Ferrari. Just because you attach a Rangers badge to something doesn't make it what we all know and love. They are using our loyalty against us and it disgusts me. In some ways I can forgive the stupid and gullible as they simply don't get it. What worries me more are the supporters that say "Yeah, I know what's going on but hey. what can you do about it? Just back the manager and the team regardless and it'll all sort itself out". To those people let me say this, NO IT WON'T!
Sadly I think there are far more who don't want to face the truth or are scared to loose face by telling the truth so they just keep perpetuating their brand of bull5h1t. This is why Rangers will never be what some of us want. I'm totally sick of the greed machine that is modern football. It's not the game of the people anymore. I honestly thought we the people were going to take our club back and start again with integrity but we didn't. Instead we've moaned and b1tched and blamed and chosen to take no responsibility. We didn't deserve what originally happened to our club but we can't complain about were we are now as this is the path we have chosen. The FC United of Manchester route appeals to me more and more each day. Right now though I'll just enjoy watching kids with dreams playing at the local pitches because at the end of the day I just want to watch honest football without the bitter taste of lies all over it.
Baybear

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