Rangers Banter Archive January 24 2014

24 Jan 2014 23:42:20
Lets not be kidded Wallace never got rid of Stockbridge, Green did, wallace did not have the power to sack him, remember Wallace was employed by Green its all a plan to try and get the fans on Wallace side old charlie boy has come up with another plan, the sooner there all gone the better.

Dave King it won't be long before you and the fans get total control.

Roll on Admin 2

Although, I would be happier to see Dave King take a controlling interest in Rangers, this is highly unlikely as I don't think admin2 is realistic. We have to remember that between £10-£12M of the turnover figures in the accounts which left the club last year was for non recurring expenses. The biggest crime is with the massive payments included in these figures which are not transparent in the accounts and although probably legal have worked to quite understandably anger the fans. If the directors (dictated to by outside influences)had chosen not to make the majority of these payments, then many of the debates about players/managers salaries, hotels and massages would be a lot less significant. As these payments were (hopefully) one offs, then clubs real balance of cost v revenue is actually a lot healthier.

Having said this, it is still very poor judgment by the people who run the club to allow these things to happen set against the bigger issues which continue to destroy the clubs recovery and leave us exposed to the justifiable criticism we are getting.

As for Dave King, if Admin 2 does happen and he wants to buy control of the club he won't get it as cheaply as Charles Green did as there is no debt and there are multiple significant shareholders to satisfy who will want a reasonable recovery of their investment (as a minimum). My guess is he would need £15-£20m to simply clear away the shareholder issues to secure 51% of the club. He then has to invest in the club to grow it to compete.

Either way, progress is likely to be slow. Removal or resignation of Stockbridge is the first step in the recovery of trust for me and now have some respect for Graham Wallace and will now give him the chance he deserves. let's hope he makes the other changes necessary before the season ticket renewal date. If he doesn't, sooner or later he will go the same way as the others who chanced their arm. We will win in the end.

25 Jan 2014 15:27:09
@1 Why should stockbridge's resignation (he wasnt removed, no pay off was made) make us trust wallace? What evidence is there that stockbridge was pushed rather than walked? Rats and sinking ships spring to mind. As do straws and clutching when I read your post. Trust wallace? To do what exactly? Offer to first cut his own pay as a goodwill gesture of his sincerity so he won't demoralise the players by asking them to take one? Oh no hold on, he asked the players first didn't he? And his silence since then leaves everyone looking up wondering where the fk the axe is going to fall. Yeah he's the kind of leader we can all get behind. Get real. We can be sure that any "prudent cuts" he makes will still leave the fat cheques going to green & co, he's just another puppet ffs.

@2 You may be right in everything you say but there is no evidence either way at the moment. I say Stockbridge moving on regardless how it happened is a move in the right direction. The CEO has made this happen. Sooner or later we have to trust someone. By the time May comes it will be decision time so he has a lot of work to do to convince most people. I am simply saying he should be given a chance until it is blatently obvious he can't be trusted

25 Jan 2014 21:48:42
@3 It is already blatently obvious he can't be trusted. I respect your attempt at hope though.

N1 if addmin does happen again then we will never know who took what money wise I think addmin could be good to get rid of the current board I would not like to see it happen because the police are still looking into the strange going on at our club ide like investigation to bring people to justice if the cops find anybody commited a crime

26 Jan 2014 09:44:24
There seems to be a growing voice on here that admin 2 would at least be a way to get rid of the current board. Eh? Hows that work? Admin just means an administator comes in for a while, makes lots of cuts and redundancies and sells off assets then hands the company back over once its no longer making a loss. In fact in admin 2 ibrox (if we still own it) could be sold to green etc, therefore actually strengthening the position of the current board. So admin is no way out. Only liquidation would mean end of company therefore end of board. But that would mean at best another newco being set up and starting out in div 3 again. This all amounts to one almighty stitch up fellow bears. We've been had. Big time. We are leech food with no way out.

Honestly is there still people out there who do not know where these one of payments went. They went to David Murray 5mil for ibrox 3mil for Murray park and another 3/4 mil for Albion house the car park and other bits and bobs. Honestly do you think Murray just disappeared I wouldn't be surprised if somehow he is still taking money out of rangers. At the end of the day whyte green Stockbridge and the rest are just someone's puppets as soon as there job is done they are gone with a nice little pay off. Even the names of the dodgy companies who no one knows who they belong to have to make you laugh blue pitch holdings and the party club margaretta holdings come on honestly.

N7 I've always said on this site that I think david murray is still involved in a big way he might still own the lot but it will all be found out some day eh

@ 7 & 8 will you two stop it with these legal highs? Also did the Americans land on the moon or not? Seriously though nothing would surprise me now- there has been so much economy with the truth for years at Ibrox but I think it is greed and incompetence more than foul play- except for the IPO costs- that definitely needs looking into closely

N9 here is one for you to thionk over I think david murray and craig shyte tried to work a fast one and then when charlieboy put one over on whyte he put one over on murray not knownn the original plan why would nobody let us see the deeds eh cause I think it was still murrays name that was on them before charliboy appeared that's what's caused the whole mess imo

@ 10 hopefully we will find out for sure sometime- but as I said nothing would surprise me in this complete and utter farce

24 Jan 2014 20:29:41
Just a thought about chief SPIV Stockbridge being binned!

Could he know more than he or rangers are stating tonight, I suspect rangers are in real cash trouble and he has either been sacked ( for what?as it clearly states he had no payoff) or set up himself so he can get out quick, it will almost certainly be his shares that where trading today so he looks like he want to get some distance from rangers before it goes pear shaped, just saying!

Toxic jack is now the number one target. He must go along with his cronies.

RR

''Rangers are in real cash trouble''. RR have you just worked that out?
I am sick of all the flak that Wallace, Somers and even the Easdales are getting. They were only ratified as a board in December and are looking at possibilities of cost savings, so give them a break.
They have made a concession in overturning Stockbridge's backing by the investors/shareholders, so in my eyes they are trying to rectify the previous actions of Green and his cronies.
And to all those wanting King and the Murrays to take over. This will only happen if we enter administration and manage to survive it. Personally, I'm sick of all the sh**e.

Re post, fans have been screaming Stockbridrge must go, so it happens and now there is a hidden agenda, tell you this, any possible investor that may read site will do a runner, since it seems that only the gang of four (you know the non investors) are the only people that some people will accept, the initial American investor realised this and took off, and I am sad to say with the attitude prevailing he was spot on.

Still walk awayed away with 200k

@ 1 & 2 great posts- well said both of you.

@1 Ref "they have made a concession in overturning Stockbridge's backing by the investors/shareholders"

Correct me if i'm wrong but didn't Easdale have the proxy vote for Margaretta holdings and bluepitch holdingsto name but a few so along with the fans votes he could have got rid of stockbridge at anytime.

Stockbridge should have been sacked for what he done to malcolm murry end of. this is just a smoke screen to try and get us fans to fork out for season tickets. stockbridge is a sacrificial lamb, let's see if they get rid of toxic Jack if they do he won't go like a mouse the way stockbridge did.

To 5/ From memory Stockbridge got the support of 75%+ of the shareholders at the a. g. m. So the Easdales would have required control of 25%+ of the shares to swing the vote. [ Assuming the fans vote was in the 25%-]
I don't think they had that control, so I think your sums are wrong.
But even if the Easdales did change their mind, so what? As I stated in my post I am sick of all the sh*te.

25 Jan 2014 23:09:16
@6 We're all sick of the sh#te mate, unfortunately though there's a lot more to come. We've been stitched up. Big time. Our esteemed major shareholders will continue to bleed us dry until someone buys them out. That ain't going to happen unless its via another insolvency event. Anyone who is still trying to pretend otherwise has still got to waken up to the agony the rest of us are already suffering. Our once great club reduced to a sucking bag for leeches. With no way out. Nightmare.

Yes, I agree Paulineblue, we are up the creek without a paddle. Green has stitched thinks up lovely for a total wipe out. That is why people like Stockbridge and McCoist were put in place, there to be used and then dumped.
Ever since Murray took the £1 from Whyte, the door was opened and then Green marched in. The demise had commenced and where were the ''Rangers men'' then?

N8 billyb I agree with your post but it would not have mattered what any rangers men offered duff and phelpd in this case there was only going to be one winner step forward charlieboy these people doo this for a living they are money men asset strippers they are all good pals they look after one another they are all millionaires all made there money the same way TOGETHER

24 Jan 2014 18:11:43
stv RANGERS ANNOUNCE TO STOCK EXCHANGE. STOCKBRIDGE HAS LEFT
r. f

Thank goodness for that, not before time, now get a proper financial guru in, he was a dead loss, hopefully with the new guys on board we can turn the ship around. but it will not be easy. upwards and onwards. Rangers Always

24 Jan 2014 17:18:12
Anybody who thinks buying a season book is good for the club is crazy, anybody who thinks buying 1 will save the club from admin is even more crazy, admin is a cert now, invest your money and it might save club for 6 months or keep your money till admin and help Dave king make club strong again.

24 Jan 2014 11:55:23
with another 1.2 million shares changing hands today before 10. 00 am I was wondering who do you think is Selling/Buying?
and also as it is always being mentioned on here that the fans bought 12% of the shares
Q. how much of that 12% is still in Fans hands
( and please don't say fans would not sell their shares) everybody cuts their losses at sometime when times are hard and with the investment now only worth 30% of their buy value only those fans who can really afford such a loss and true die hards will keep them. so again how much of the 12% do you believe is still in ordinary fan hands. ?

24 Jan 2014 13:13:07
update on above post.
13. 00 hrs and now 2.2 million shares have changed hands. that is a lot of shares

Again very interesting today that Dave King is saying a new share issue is needed and shares are then offloaded by bucketfull and price forced down. Well Done Dave King - obviously DK has his own agenda to get the shares or any new shares as cheap as possible. another spiv is coming - remember a guy who could have invested before and didnt

{Ed039's Note - He couldnt invest in the originl IPO due to his issues with SARS. He is the one waiting for administration, I have said it all along)

JohnnyG - we will find out early next week when the holdings announcement is made to LSE,

the last big buy after hughes sold, was by Damille Investments II Limited who bought 2m on 14th January

before that it was CREDIT SUISSE CLIENT NOMINEES UK LTD who bought 714,000 (which I think was the last of greens shares) on 20th December

The thing with the fans shares though is that you only loss, or make money on shares the day you sell them (apart from any dividends),
if you hold your shares, their paper value may go up or down but any loss is only on paper

I believe that a large % of fans did not buy shares principally to make money from them, if they did they would have sold at 90p, so I think that most would still be holding those shares

JG

Agree with ed. Mr King has always wanted to go the admin route, as lest costly and any money he is wishing to invest in the club would all go to Rangers and not to share owners or spivs etc.
Admin although not a nice thing to happen is the best of a bad bunch of alternatives, ie the same lot staying taking taking taking and never investing. we the fans have a lot of major issues to think over and a number of difficult hard taks to to instigate to get the club back where it belongs.

I have it on sound sources that Dave King purchased the shares today but is using financial houses to make the acquisition as their is reluctance from some investors to sell to King and that he does not wish to show his full hand just yet.

Op ide imagine it was stockbridge that sold his shares and n5 I hope your right on your theory

King does not have to wait till admin to get rangers for cheaper. Like nothing butthestruth said he can buy up shares through third party until he has enough shares to show his hand. Then he can go for control with the fans behind him. Once these spins realise the game is up they will take what ever king offers them and leave. I can't believe that some fans don't realise that there has been a game played out for control of rangers ever since whyte came in. This game is about to come to a end one way or another.