Rangers Banter Archive March 04 2014

 

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04 Mar 2014 22:30:09
I must admit the news that philp nash has been appointed the new rangers company secretary is a fantastic appointment for us, you just have to look at what nash did at arsenal & liverpool, he was the guy who got arsenal their new stadium sponsorship with emirates & was the man responsible for getting liverpool the biggest ever shirt sponsorship deal in britain at the time with standard chartered bank, nash will now be responsible for bringing much needed finance into rangers & is currently working very hard on a new shirt sponsorship deal for us as we're now cutting our ties with current shirt sponsors blackthorn which was only a one year deal anyway, at the end of the season, blackthorn offered a derisory offer which rangers kicked out as nash is close to closing out a longer term deal for a new shirt sponsor rumoured to be either quantas airline or wonga

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{Ed001's Note - Philip Nash wasn't responsible for Standard Chartered's shirt sponsorship! Ayre was.}

You can stick Wonga in my opinion. They have no social or domestic responsibility. And I really can't see it being Qantas BR. But I do hope we get a decent deal this time round.

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Ed, with all due respect I think you'll find that philip nash did play a key role in securing liverpool their shirt sponsorship deal with standard chartered mate!

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{Ed001's Note - will I? Right. Ok. You have no idea what you are talking about. Nash may be telling people that, but Ayre was the one. You are quite simply wrong. Ayre is the one with the contacts in Asia that led to the deal and secured his current role at the club in doing so. Nash is like Purslow. Both are now out of the club because they were not performing in their roles.}

05 Mar 2014 09:25:43
If the guys SO good at what he does then why would he be plying his trade in a 3rd tier scottish league team? Maybe he's caught wind of the terrific pay schemes and bonuses on offer. fair play to the guy if that's his goal. after all might as well get some cake before its GONE!

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Ed, I was only stating what I've heard & read regarding philip nash, I don't think there was any need to say I didn't know what I'm talking about because I'm quite clued up with anything to do with my club rangers as I'm sure you are as well and I know ayre had a big hand in liverpool's shirt sponsorship deal but I also trust my source & he most definitely says that nash also played a key role in securing the deal, we'll move on & agree to disagree mate

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{Ed001's Note - but you stated it like you knew what you were talking about, just like you did about Purslow, who was also not a success at Liverpool. Why try and pretend these guys were successes when you don't know? I fear for your club, which is in enough trouble already, if you get either of those two involved. Both were heavily involved when Liverpool reached the precipice and nearly went into administration. Both were removed by the new owners after their work was assessed and found wanting. That should be all you need to know about them.}

Sponsor meant to be cash convertors. Rangers are skint! Everything must go to pay bills

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05 Mar 2014 14:23:58
That wasnt a very pleasant reply to BigRam at all. This most likely won't go up but i'd just like to say it wasnt called for Ed. The guy har always posted with respect to you? He had an opinion to share man. He shudnt be told he doesn't know what he. s talking about. How do we know you do? Please post ed at least to show u can take a different opinion to yours.
Yours respectfully tomblue

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{Ed001's Note - sorry but I don't have to explain myself to you, same as I have no need to be pleasant to someone claiming to have inside information, then not having a clue what they were talking about. He wasn't giving an opinion, he was giving false information, there is a huge difference. Now you can think what you want, but I know far more about the situation he was referring to than he does. I am fed up of his claims about Purslow and Nash, completely false claims regarding a pair that were partly responsible for putting Liverpool into a similar situation to the one that yours is in now.}

Ed is right, that's the problem with rangers supporters, everyone brought in is the best thing ever, and no one can say a bad word against them

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@OP and 6. Bears we have all posted stuff that ended up being caoch. Time to move on IMO. I was fully behind giving Mr Wallace his 120 days and then we all find out about this loan nonsense which was definitely not in the interest of the Club. BTW I know this ED is actually Alan Hansen but keep quiet about it - just between us 3

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{Ed001's Note - shhhhhh it's a secret!}

Got to admit, the ED is right on this one, sorry BIG RAM.
This guy is a total non entity as far as bringing funds into our club, all smacks of yet another "pigs snout" in the trough that is Rangers. Nash is not a very popular man down Liverpool way. and why we have put our faith in such a "person" is yet again worrying. Another yes man in place for the board is all I can think. And yes I also have to admit to many of our support are easily led and jump on the old band wagon of how great everyone" is" when they join our club. Surely there is a Scottish based appointment out there to take the position as secretary? that way we may have someone there who understands Scottish football etc.

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05 Mar 2014 19:46:45
Ok. Least I now know ure a liverpool fan ed. i'm sorry if I upset but just for my info I thot u should show respect to people who tale time to make this work. Its a banter and rumour page.
Maybe just me. I thot respect was a given. Apologies
tomblue

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{Ed001's Note - you think I should pander to people? Because it is a banter page, and banter is disrespectful after all. Think you need to man up a bit personally.}

Ed, you're so sure regarding philip nash regarding the poor job he did at liverpool, how do you think he performed at arsenal because if you look at my post I did also mention the work he did at arsenal & ed please refrain if you don't mind from continually posting that I don't know what I'm talking about because I gave you the courtesy that you deserved on your opinions & points of view, after all that's what these rumour pages are all about, cheers again to tomblue on his very supportive post for me, much appreciated my friend, for the record I do think that I know what I'm talking about where the famous glasgow rangers are concerned

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{Ed001's Note - no idea how he did at Arsenal, never asked, I saw the mess he made at Liverpool and that was enough.}

05 Mar 2014 21:41:40
Nobody asked you to pander to people.? Did they ed?
Anyway. bRam. Any news on the guy lethams offer of a loan? He seems to be genuine. Think there's a few wealthy fans happy to offer help without wantin to make a buck out of Rangers. I think this offer may well put the cat amongst the pigeons. A bluff has been called. All of a sudden the chairman has had sumthing to say.! Now Dk can take hi on and ask sum awkward questions.
Tomblue

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{Ed001's Note - you did. What is wrong with you? I put someone straight and you are having a whine like a baby. I will just leave you in future to lap up the bull. You obviously would much rather be spoonfed lies than have the truth pointed out. Your choice. No wonder the club went down the pan so easily, you don't want to know what is actually happening, you just want reassurances it is all going to be ok, whether or not it is! You have sharks like Nash and Purslow circling to pick off pieces of the carcass, you should be finding out what you can do to stop these people getting involved before it is too late. There is no FSG ready to go to court to force through a sale against the will of the current owners, just lots of people talking a good game in the papers, but none of them are actually doing much.}

@ ED I suppose we need to wise up as a support because the gang of 4 shareholders or "requisitioners" who owned just under 2% of the shareholding and tried to oust some of the current board members wanted to appoint Christian Purslow and probably most of us assumed they had done their homework but obviously not from what you are saying.
After all the crap we have been through we need to take a few steps back before rushing in to praise and welcome these "wise men" who will solve all our problems.

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There is one thing here that's 100% true, philip nash is now at a bigger football club than liverpool, if rangers were on a financial level playing field ie. in the english premiership with all that money everyone knows that then there wouldn't be a shadow of doubt as rangers are a bigger brand name than liverpool, simples!

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What the ed says is right plehty want the club but as I said no one wants to do a straight cash deal they want to force administration or by some other tactic at this stage no one with exception of g wallaxe and the board no what the deficit per month is and it does not matter what action is taken it will take time to filter through to make the balance look ok so there is another year of losses to face before things even out the stupid thing is if all the would be investors had got together after the I p o and paid the price for the shares that was acceptable to the bandits they would have got the club with most of the I p o money intact instead of spending 2 years fighting to buy the club for next to nothing that cost the club a fortune in legal fees and now some have hired goldman sachs to buy as many shares as poss for 20 p when they are changing hands for 30p and basically the fighting will go on till either the club gets saddled with so much debt the bandits will liquidate club again with them holdind guarntees over the assets and selling them of for aanother hand some profit tqdate we have heard of this scheme another and another and another but none of them involve the potential owners using there own money they all want the punters to put up the bulk of the money until that changes and somebody puts money on the table there will be no betterness for the club and unfortunetly time is fast runnuing out

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I know nash did not cover hiself in glory at liverpool and got hunted as as it goes at arsenal the man at them helm was d dein he was in charge of everthing it stands to reason if he was any good there would no chance of him coming up here to be on a hiding to nothing or ascapegoat between board and bears the man we need at the top of the tree and I know it won't happen is souness he don't suffre fools gladly and would get things done on the football side of things it would be like a breath of fresh air to have him on board u only need to listen to him he is one of the best summarisers on tv but as I say no chance

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If anyone knows anything on here about Liverpool it's Ed001 as that is the team he supports. Also see this Rangers are a bigger brand name than this'll and that lot that does my head in at this moment in time rangers are not bigger than bloody anyone were in the 3rd teir of Scottish football & we are going the right way to staying down in the lower leagues wisen up bears FFS we are not what we once were & probably never will be.

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@ 17 I'm sure poster 14's tongue is firmly in his cheek as we are currently absolutely nowhere and I think Liverpool's haul of European major titles puts our 1 European Cup Winners Cup (The sort of Europa Cup of the day) firmly into the shade. And it's still a hellavu long way back to success in Scotland never mind doing anything whatsoever in Europe.

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N7 sorry mate but I disagree with you I've never agreed on any of these imposters as anybody on here will agree I've even been asked if I was a troll because of my views on the board ooops imposters its a pitty mr wallace was brought onboard by charlie boy because I think him and dave king could do well together but doubt it now because mr wallace obviosly works for one of the spiv crew

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04 Mar 2014 21:47:32
in all the smoke and mirrors of fanatical bloggers - isn't the interim accounts due this week? or ar the already overdue?

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OJ - in 2011 they were issued on the 31st March

Last year they were issued on 4th march

I expect we will see them soon but to answer your question

No - they are not overdue at this time

JG

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Jg, do you know why the club owes £16 to the holding company, as per the accounts?

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OJ - they are definitely overdue. On Company Check, they are shown as being due to be posted by 28/02/2014.

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Fifer - we all want to see them but the accounts are not overdue

aim rule 18, companies must issue interim reports within three months. Therefore RIFC have unti 31st March

JG

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Hughphil -read note 15 on the yearly accounts, the 16m was raised in the ipo and left with TRFC for working capital

The loan should be drawn down as TRFC expend the money on wages etc

JG

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The interim accounts that are to be published are the RIFC accounts. They are not due until the end of March but were out on the 4th last year. The ones that are overdue are the TRFC LTD accounts, the trading subsidiary/club itself

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JG. welcome back. three posts and each one murkier that the last.

"they are not overdue". sadly companies house report they are! odd that.

"aim rule 18" - but tax rules for LTD companies trump this. odd that.

"The loan. " - eh? You told us we debt-free. now there is £16m loan in first year? odd that.

Laxley gets loan at 30% on other assets, yet Rangers fans in city offer same loan at 8%?

odd that.

Life is simpler with the single truth - not the spin and retreating positions.

Good news - we survived the Wednesday admin claim. phew!

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Sammy - you may want to check the rules for subsidiary companies which are included in the consolidated accounts of the parent company

Remind me again who claimed we would be in admin on Wednesday?

You really must give up your obsession with anti rangers bloggers! Phew

JG

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Theres that working capital talk again

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JG - bloggers predicting admin.

award winning journo, and irish based blogger (who predicted our last admin previously and was correct).

people so important so many of our fans read their posts and call club, which requires statement to be made!

But I can read this and filter out p*sh and rhetoric.

Meanwhile you just repost any board supported elements as verbatim (we will get into Europe next time no issue, accounts will be out soon and are not late?, all is well, bad times behind us, those who walk away don't come crawling back).

Tell me is the "G" in your name Green? because you sound just like him.

My obsession is with my club, and will try to find truth from what everyone says. lots of opinion here, and elsewhere worth reading.

Whyte said accounts would be soon, and we were not in trouble, and walked us straight into admin.

Admin is unavoidable - if no new massive income streams.

It will happen one day, unless we solve key issues.

Laxleys 30% loan (when other fans offered 8%) - how do you justify that that's not crippling?

You say buy shares - but laxley can convert loan to shares at lowest price in next 6 months and dilute any fan purchase. odd that?

give up your obsession with spin.

real fans pull together and find truth. faux fans regurgitate spin

you are clearly a spin merchant.

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Sammy better check your arithmetic mate

What letham said was

“I have offered the loan on the same terms but with the interest payable reduced from £150,000 to £75,000. It is my intention to convert this interest into shares. ”

If 150k is 30% APR, then 75k is 15%

You like questions, here's two

If he is that big a fan why is he still charging huge interest rates, why does he not match the no fee no interest agreed on our other 500k credit facility with another fan/shareholder,

That is the best deal of them all, that ain't spin, that's a fact

Also if letham is taking shares is that not diluting existing shares as well?

JG

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Jg why should anybody offer loan why should the board not fund the loan after all its there investment an investment that the support should never have heard about the big hitters haven't got enough money to run rangers fc so they should never have got involved

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JG. still spinning I see.

"If he is that big a fan why is he still charging huge interest rates"

A City Gers fan offers £1.5m and you criticise him, wow!

So you saying 15% is huge. (did you not think that argument thru, hard when reading a PR statement)

I ask you again HOW DO YOU JUSTIFY 30% APR, secured on our assets!!

When its secured against assets, the rate reduces, it does not double!

You can't see the con, 6 month loan, with security, convertible to shares at any time - should have been 8-10%. not 30%!

yur pals on the board are having a laff.

Sad to see you undermine any fan who tries to help. odd that.

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@11 for someone who claims not to read bloggers, sad to see you partially quote from letham out of context. from a blog site. nailed!

does the fully quote not say if club enable to convert to shares. ? etc etc etc.

is this one of the people you don't want crawling back, a guy who is a rangers fan (not someone who says they fan of club x, then of club y to suit situation) and can invest 1.5m in our hour of need.

getting to hot where you are?

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Ah the old answer a question with a question trick!

Let's make it easy then

Is letham offering a loan with 15% APR interest - Yes or No

Is 15 between 8 and 10 - yes or no

Where did I criticise him, I questioned why he didn't offer it at 0% as one other person has done! (Which you never answered) Or even at 8-10 as this seems to be your magic number

@ town I don't even know where to begin with that, the board are not elected by the shareholders with the objective that they will stump up the money to keep the company solvent

JG

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No jg but its obvious that these big time shareholders never put enough thought or money into rangers or they wouldn't need to get a loan and I also think dave king has got them worried and that's why laxey agreed to cancel loan trying to make them look like good guys eh jharles

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JG - According to CompanyCheck, TRFC was incorporated on 29/05/2012 and has yet to file any accounts.

The specify that the accounts were due ON or BEFORE 28/02/2014 and are now overdue.

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04 Mar 2014 20:09:57
Following an email to a fan from Colin Kingsnorth of Laxey last night in which he reportedly stated that “if they want to offer the money cheaper go for it…no problem cancelling it”, George Letham, the Rangers fan and wealthy businessman who had previously tried to make contact to offer a loan, today approached the club through a third party and has complied with a request that he make any offer in writing to CEO Graham Wallace.

Speaking to the Rangers Standard, Mr Letham indicated that he was happy to stand by the terms he outlined in our article yesterday.

“Graham Wallace is now in receipt of written confirmation that I am happy to replace the Laxey loan, on condition that it is cancelled, with no penalty to the club, and that any security over property offered to Laxey is also cancelled. I have offered the loan on the same terms but with the interest payable reduced from £150,000 to £75,000. It is my intention to convert this interest into shares as I have no wish to take cash out of the club. ”

“If the club are unable to convert the interest to shares, then any cash sum I received from the loan would be reinvested into the club via a future share issue to further the cause of fan ownership. My only motivation in this is to ensure that the club is secure, has as much involvement as possible from those who care about it and that its vital assets remain available to it at all times. ”

“I am making this offer public in the hope that a degree of transparency can be brought to this process for the fans and hope that the board will give my offer due consideration. ”

Light at the end of the tunnel perhaps?
PB1

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The board no they have turned the fans against them that's why the will now try be the good guys by cancelling the loan should never have made this choice in first place still serious concerns how our club is beeing run

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@ OP great post fella thanks a lot. It's nice to get an idea of what's actually happening now and again. I would hope DK will be as open and frank with us after his meeting with the "board"

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I listened to Mr Dempsey on radio Clyde tonight and I must say he was very gracious and articulate. One comment was about the management the fans and investors must all pull together and work as one. Maybe after this carry on and the retraction of the offer from Laxey. The input from Mr King and the real threat from the supporters groups, then maybe know they are starting to see and appreciate what Rangers FC is Not just a club, its a life choice.

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04 Mar 2014 23:52:31
Well that puts the ball rite in wallaces court then m8. Gr8 post. let's see if its the real deal. If so it puts the board in a dificult place. let's see if it makes the headlines. Tomblue

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Not a finance expert but did rangers not already receive the loan from laxley? Surely the fact it was announced to the stock market means its all done and dusted therefore a legal binding contract? Maybe ed or others could clear this up? Also than a for the good comments about mr Dempsey! Nice to hear your appreciation of a very well spoken and conducted man! A real load of sence spoken.

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05 Mar 2014 14:28:36
@delbhoy. I may be wrong but i'd imagine all the ins and outs would have been discussed b4 going public. From a big company and a succesful businessman.? don't you think so m8? Or maybe u saw a twink of good news and thot you would try and destroy it? Wot are u doing on a Rangers site?
Tomblue

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@ tomblue! I don't know for fact they are a big company? Do you? For weeks now every cough and snivel has been leaked from rangers! The only things not leaked are the facts the fans and shareholders want to know! Who owns Ibrox, Murray park! Where has all the money gone? Who are the faceless shareholders in the back ground! These important things are a better kept secret than the funny handshakes of years gone by! As mr Dempsey said last night! Transparency is the least the fans deserve!

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04 Mar 2014 13:45:57
Our chairmans letter to Dave King looks to be the standard bile of Media House. Can we presume that Jack[Irvine] will chair the meeting. Further will the 120 day review question the six figure annual fee, probably more than was spent on the scouting side

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04 Mar 2014 15:38:20
Just heard the forfar game has been moved again on request of the police did they not know that when it was switched from the 5th it clashed with partick, for a second time this season I have booked flights and moved work to come up and for a second time i'm outa pocket, I know there's many bears in the same position, we try our hardest to support our great club but it just feels we're being shafted from all angles. Bluebear.

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Dave king should explain his comments to the board and could dk waiting on another admin to pounce

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Just who does Somers think he is, summoning DK to Ibrox? He can say what he likes and at the end of the day will probably be the saviour of our great club. Go on DK, sock it to them!

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04 Mar 2014 11:20:21
Do is a bear let's see if his heart lies with the pain ours feel come on do walk that walk

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