Rangers Banter Archive October 14 2013

14 Oct 2013 17:37:05
Rangers have lost the case at the Court of Session and have been ordered to pay the Petitioner's expenses. The judge said Rangers' board had broken the law but not allowing the item on the agenda of the AGM. This could be the end for the incumbent regime and pave the way for the 'good guys' to ride into town, with Dave King as the new Sheriff!

Really struggling to work out just who, if any, are the "good guys".

@1. Spot on. i'm at the point where I just don't trust any of them. I fear that none of them are in it for the club but for their own ends. But support the team I will always do.

@1 & 2. couldn't agree more. mather etc supposed to be bad. but dave king is happy to work with them, but was he just doing it to get rid from the inside. just hope it ends & SOON

King won't be joining Plc as chairman. SFA won't even need to vote on issue (shouldn't be a vote anyway) the guy is clearly banned under SFA regs for five years.

@3 how do you know king is willing to work with them have u spoken to king personnally??


KJA

The good guys? No such thing as good guys when it comes to business. If king & co take over will the fans rally up & spend more on shares if he asks? It looks like the current board have/are ripping the place dry.

I saw Paul Murray on STV news last night, he said he could have been on the board last week if he wanted, he choose not to but the current rangers board must have if not more 'directors' that Celtic?

Old saying Is too many chiefs not enough Indians looks to be the case here

Lenny

@4 considering he is an active director of a company which trades on the SA stock market then the sfa are going to have to justify themselves if they find he is not fit to be a director of a company which trades on the uk market

JG

N6 ide imagine rfc supporters would give king money I can't see supporters giving current board money

14 Oct 2013 16:12:37
There is a light appearing at the end of the tunnel.
Power to vote is with Supporters who hold shares. Get the leachers out and Rangers men in. I just hope we are going to see some good news very soon
Coisty09

It will be a good time to punt all your shares as the folk wanting votes will pay over the odds for them, hope you read this Ally.

@1 Ally doesn't know he has shares he just signed what was put in front of him.

@2) lol very funny. Cracker.

14 Oct 2013 23:05:43
Evening guy's was just wondering does anyone know what % of the shares are held by the ordinary fans! will it be enough to topple the present board/shareholders.

@4 we were told after the ipo that fans had taken up around £5m worth of shares which is about 10-12%

JG

@ 5 Didn't it turn out that the Easdales were among the "fans investors"? As they have been for the status quo it may dilute this percentage to low single figures but at the end of the day that might be the difference between change or the current board. Please get out and vote chaps whenever it happens

I think £2m of fans £5m was Easdales. Plus purchase of green's shares.
I think easdales can put in more millions if required. Don't need King.

There may well be light at the end of the tunnel but let's just hope it's no the midnight express. Curious bear

@7 this was announced in September

The Company announces that it was notified today, 17 September 2013, that on 10 September Alexander (Sandy) Easdale, acquired 2, 125,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares"). Following the acquisition, Mr Easdale holds 2, 842, 957 Ordinary Shares, representing 4. 37% of the issued share capital of the Company.

This means that before then he held 717, 957 which if he bought that lot in the ipo would have cost £502k

Not sure how much his brother holds but it is less than 3% otherwise it would have been declared

JG

N7 cg can't sell his shares until december he has maybe promised them to easdale but I can't see how he could sell them its called tied in or something like that

@10 - I know its hard to keep up with all the twists and turns in this saga but this is the announcement made by the company in september

Holding in the Company



Rangers announces that it was notified on 30 September 2013 that following a disposal of ordinary shares of 1 pence each in the Company on 10 September 2013 by Charles Green, he no longer has a notifiable interest in the Company's issued share capital.

JG

14 Oct 2013 14:33:44
rangers lawyer said reissuing agm documents would cost 35 to 50000
to the club

14 Oct 2013 16:15:21
And Rangers I'm guessing will have to pay court costs of McColl faction.

Not sure about this but are they trying to run Rangers into admin and then make an offer to take control of club?

PS Isn't Ally staying on current wage until after AGM?

Yet more wastage if so.

Did the requisitioners not say they would pay whatever it costs to do it I wonder how much they've wasted on lawyer fees

This is the best thing that has happened to our club our board will now have to let democracy take it course share holders can now decide who should be on the board of this great club they can then open the books and see where the millions have went and stop future millions going out the door if they had lost this case the current board could have carried on with their closed door governance of the club where no one could challenge them let get it all out in the open

@3 well said that man totally agree the sooner they are removed the better it will be for our great club

RR

@3 might not be as simple as that

16. 4 % of shares are currently not in public hands, I would therefore take it that there will be shareholders with 83. 7% of all voting rights who will vote at the AGM

It is normal to have a show of hands when voting but this would not suit the current board as small shareholders would have the same vote as major shareholders, I can see them taking all crucial votes to a poll

Sandy easdale has control of 19. 4% of shares so he may have a major say in our future

JG

14 Oct 2013 22:43:36
@3 The books are already open, didn't you hear the audited accounts were at last published? They show millions you mistakenly call "missing" have in fact been spent on just running the clubs (plus a few extra quid on some justified high salaries, eh Ally). If new directors are appointed that's all they'll find i'm afraid.

Op its the clubs own fault they broke the law in trying to stop shareholders voting for who should run the club get these spivs out and if spivs are removed do you think they will give us back the 14million

Forgot to add sandy easdales own shares to that which gives him voting rights over a total of 23. 5% of shares

JG

The books are already open what a joke why did the share issue cost 5-7 mill consulting fees who were the consulting firms money to run the club in the region of £40 mill for 15 months in div three you blame Ally and his wages something stinks and if you are willing to accept the books without digging deeper into their accounts and justifying what is said in the books

Why is everybody going on about percentage of shares when it comes to voting does each shareholder not just have one vote

@10 on a show of hands vote yes, on a poll vote no, there you have as many votes as you have shares

knowing this board I doubt if they will allow votes to be passed on a show of hands, it does not put the odds in their favour

JG

Thanks jg so basically the easdales have bought ther seat since they own 25% not a very democratic voting system each shareholder should each have 1 vote who decides how the voting is structured

N2 paul murray could claim his lawyers fees from rangers cause it was an illegal move by current board that caused this case

N8 according to the lse easdale owns 05 shares feck if he owned 25pc it would not be worth an agm cause he would win hand down

N11 I think you called that wrong mate what you are saying is the aesdales already own a quarter of ibrox shares maybe ime wrong but can't see any piont in agm if your sinnario is right

14 Oct 2013 10:29:50
court case has been adjourned until 11 so lawyers for rangers can read over a late submission from edinburgh court of session

Another 200k in fees out the door.

35 to 50 000 pound is the cost of reissuing agm documents

14 Oct 2013 08:02:20
Blue duster you have to give yourself a shake, season tickets will go up they have to or do you expect dave king to foot the bill for everything so current season ticket prices can stay the same,
As for filling Ibrox on match days that's a no brainer put an entertaining team out on the park and the ground will be full, we have been through the worst of it so this is not the time for faint hearts. r. t. i. d. Whatever the cost. Rfc {The Ed039's Note - Expect season ticket prices to suffer quite a steep increase for next season)

Season tickets will probably rise an average of £50-75, with about 30k adult season ticket holders that is still "only" an additional 1. 5-2million which doesn't go a long way!