Rangers Banter Archive August 15 2013

 

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15 Aug 2013 22:08:52
I can't understand how a billionaire rangers man can sit back and watch us be the laughing stock of scottish football. If I had jim mccolls money rangers would not be in this mess. I struggle paying season tickets every year thousands of others are the same yet this guy could save us. He could throw 100million at rangers and not even notice the money was gone and he won't do it. how can he sleep at night?

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Do you really think he has 1 billion in cash? Business does not work that way. He will be an exceptionally rich man but will not have that in ready cash.

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16 Aug 2013 00:53:23
Agree with #1

Plus, why should he? Who are you to say what he should plough millions of pounds of HIS money into?

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Are you for real, if you had the money aye right, you know the old saying if your granny had b____, that's why the guy's got money, he dosen't throw it away. So you struggle to pay your ST but you still do, so do a lot of people, don't try and make someone feel guilty about having more money than you, you are so like so many fan's, you think someone should put THEIR hand's in their pocket but not you
Tam

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Cut your cloth

Live within your means

Stand on your own two feet

Spend less than you earn

Buy in haste - Repent at leisure

My grannie had loads of these pearls - can anyone add to the list

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The people who have the big money. don't waste it that's why they have it in first place.
People and Green etc are just minnows in the game aspiring to get into the big tiem like Mcoll.
Why waste money on something that is more than likely going to topple, when you can sit in background and get it for next to nothing. Then and only then would he invest,, and this woudl be on his terms not others.

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You have answered your own question:

''I can't understand how a billionaire rangers man'' ''He could throw 100million at rangers and not even notice the money was gone and he won't do it. how can he sleep at night?''

Very easy because to be successful in business you need to know how much return you will make back from your investment. If he could 'throw 100million and not notice' then I'm sure he would pick something better than any football team.

Rangers were up for sale for years & no one touched them? Why not grill every rangers fan who a millionaire into why they didn't by rangers?

Lenny

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As a very intelligent and succesful buisness ma Mr McColl will not waste his hard earned monet. There is still an awful lot of financial woes at RFC. He will know when and if it it is correct to part with money.

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The reason he has money is because he is an astute business man - pouring money into a football club is too high risk.

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Richard Branson quote: "If you want to be a millionaire airline owner, start as a billionaire. "

Football is exactly the same. With Rangers we are not talking about a sleeping giant with under-appreciated assets that with some investment can be turned around into a money making machine. And the reason we know this? Is because Rangers have been at the top table, have won trophies, have played in the most lucrative club tournament there is AND HAVE STILL MADE LOSSES!

Don't attempt to make the Celtic Fergus McCann comparison, Parkhead was a comparative bomb site at the time and needed huge investment.

King and Lewis chucked cash into your club and never saw a bean of it back. It can't work, it won't work and it won't happen. Moreso if the guy likes being a billionaire.

Gaz

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@4 - there is another saying goes

if you had it would you give it?

JG

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What most of you are missing is that McColl is effectively sticking his nose into something he is not prepared to invest in. No investment. no voice. Simple.

The man I'm paying attention to at the moment is the London whizzkid Prior. Unless he too has another agenda, he seems to talk simply and with sense. Not favouring anyone at the moment. He makes it clear about McColl invest or dont. If you invest then you have an opinion. He also states that he does not believe Admin will happen again.

So at the mo he's the man to watch and listen to for me.

McColl is full of hot air until he invests, P Murray is a fraudster and deserves no foot in Ibrox.

Green needs booted out.

RTID
GDog

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What a ridiculous post. Why should a man waste his hard earned money investing in a football club just because he supports them? Because that's exactly what he will be doing. Rangers are not a viable business prospect at this moment in time. Blind loyalty is not the way forward, from a fans point of view or from an investor. I am as big a Rangers man as any, and I would not invest a penny if I was in McColl's position.

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At 11. "London Whizzkid Prior". Who made his money working for the biggest fraudsters of all time, Goldman Sachs. He is your saviour? Jeesh. Like "off the radar" Whyte?

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Here is a good saying,
If you live with what you have, you will never want for anything

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McColl may be a very rich man. But he has had to work very hard to achieve this. Why should he throw money at a club who have a shocking business history?
Jbhoy

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@11 mccoll has got 4 shares so he's entitled to have his say also businessmen wouldn't invest money into something that they won't get a return from and whose to say when green and co gtf that he won't put money in its very easy for people to spend other people's money any fan with a bit of savvy about them wouldn't go near that group of men who run our club also as another post point out prior who was at Goldman Sachs who wer a bunch of shysters on a level far from these muppets who run our club prior on one hand slags dave king for offering 30p a share yet he offered a measly 4p more and as gaz points out king was the one who said the share money was as good as gone then we have prior saying he met Mather and Stockbridge and was happy with the business plan they had Stockbridge who's the one overseeing finances nearly 35m gone in a year also the possiblility of the sell and lease back the stadium which in no way could ever benifit rangers because the money for the rent would need to come out the st money each season

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15 Aug 2013 22:04:51
Speculating here but what happens if we get liquidated again?will we actually get into what now is league two again?

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You don't push a CVA through, you as the debtor have no control over the process. The creditors decide yea or nay - you don't push it through.
Your post does say a lot about the mentality of some fans however - to hell with the rest, as long as we're OK.

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@1 They might not want to transfer the SFA membership this time.

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Surely a cva is only necessary if you have debtors. Do we owe anyone money.? Obviously if what we are reading happens then we run out of cash how long will it be til we have to call in admin. It seems to me our debtors will be players, staff and inland revenue again. So no chance of cva with inland rev as they will say no.

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15 Aug 2013 21:52:46
Everybody is going on about protests so let's get the ball rolling and set a time and date, how about 2 hours before our next home game congregate at the main door and let these persons know we will not let them destroy our great club. Anyone agree? WATP

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*tumbleweed blows past*

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Stay for 1-2 hours after game. that will cost overtime money for stewards. see how long you can stay. hours

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Your great club has already been through administration and going through the final stages of liquidation

Surely the bears can get their act together to stop another humiliating financial collapse

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15 Aug 2013 20:02:48
more than 2 million shares have been sold today in a flurry of stock market activity 2 separate transactions of 1 million shares were made today with 13 other separate trades listed at close of play in london stock market precise details of the buyers are not yet available

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Easdale has purchased Ahmeds shares. That means the EGM will go Green's way.

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@1)how do you come to that assumption unless Ahmed was going to vote for the egm makes no difference.

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15 Aug 2013 17:40:41
WHEN DO YOU THINK THE VARIOUS SUPPORTERS GROUPS WILL GET TOGETHER AND DEMAND MORE ANSWERS?

I think there is too many celebrity faces within these groups vying for kudos and most certainly not wanting to rock the boat, it looks like Mather is providing a meeting to satisfy public opinion as he knows he is on a loser with Chico and now Ahmed and must show he supposed to be in charge!

Which brings us back to the question will the supporters groups demand to know where the £22M has went and get Stockbridge to never mind showing "snapshots" of the accounts but actually give the fans the proper breakdown of where the cash has gone in "the great stadium robbery" and in particular outgoing costs to sub contract companies and consultants that is STILL GOING ON! every day we are being bled dry, if these so called groups are real fans and true supporters then why have they not demanded answers? Maybe they won't get there freebies or a possible place on the board ( probably in about 3 years if they are lucky)

Will the fans start to demand answers if this EGM does not go ahead?

I think the various groups should convene and get all the different faction together and get a list of real question to the current CEO and Stockbridge and demand they show a complete breakdown of the IPO cash and where it has gone!

The only language they will understand is to protest and demand answers so a possible boycott of the stadium and definitely a protest at the stadium.

The fans hold the power but the lethargy has set in and we will sit back and watch this lot clean the club out and they will move on not even caring what happens to the club

REMEMBER NOT ONE OF THESE GUYS IS A TRUE RANGERS SUPPORTER!

Wen the cash finally runs out and they try and make there great escape you can bet there will be a backlash let's hope we can change the regime and get the answers we are entitled to,

Keep up the pressure!

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What pressure is there to keep up? The impetus was lost when the season tickets were sold. There have been numerous warnings and chances to exert real pressure on them but it is too late now. Murray Park will be sold. Ibrox will be sold on a leaseback/buy back basis and there is nothing to stop it now.

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I am fed up with these silly protest posts. The ordinary punter does not have a say with a corporate body. If you don't want to go to a game don't go, but don't think this will change one iota. Money talks and they, unfortunately, are in the driving seat.
billyb

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Real Ranger your two main supporter's group's are not worth a F_ _ _ _, it's you and people like baybear, govanbear, Bobby and the rest of the real Rangers supporter's who now need to stand up and be counted, why not approach the like's of Sandy Jardine to lead you, I am sure many supporter's would rally to him.
Tam

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16 Aug 2013 00:58:43
There is absolutely no point in staying away froms games. Why don't you understand this? Season tickets have already been sold so it doesn't matter if ibrox is empty for every single game: they have the money already! Everyone warned you not to buy them but you did it anyway. That was the only leverage you had and you handed it to them in your thousands

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I agree with you realranger. We as fans should be ready to begin mass protests, mass boycotts of both the stadium and from buying the goods on match days if not stadium boycott happens. These guys want what we have in abundance, money. If we stop the supply now and make our true feelings known these guys will sit up and listen. Charles green can run off to frame as many times as he wants, if he has no income then he won't be interested. If there's £10m left, inc st, then these guys won't really be here for long anyway. Nobody in their right mind would invest fresh capital in this company, clearly why mccoll isn't parting with a penny. We need to ALL stand up and be counted. Perhaps a rally outside the ground before match day, with the likes of jardine, bomber ( who's not as mad as we thought he was) the legend John Greig, big names who are against this whole sham. If there are 35000 bodies outside the front door as these robbers turn up, and we are in full voice well, there's not a sight or sound like it anywhere else! These guys will listen. Constant aggression against these persons who bleed our club dry. I am a season ticket holder, bound by my love for our club, that's why I spend my money, I love Glasgow rangers. It's a habit. But at the end of the day, all folk who bought the tickets have the same habit, the same love, the same passion. If we all join up and all show and voice our discontent then we can be heard and make a stand against these shysters who rob our club. There's too many wispy washy hand wringers out there who are happy to post about not protesting and not making a noise, well. We should all be voicing our unrest! This is OUR Glasgow rangers, if we love it so much, why don't we fight back and take her back?

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15 Aug 2013 18:44:33
TV 6pm news stated two million shares changed hands today and supposedly 1.2million shares went from Ahmad to Easdale.
Old guard moving out and Easdale and other preferred chosen block shares replacements taking over.
The chance of P Murray or Blin getting in are surely zero.

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15 Aug 2013 22:37:38
could this be reason egm put back allowing transfer of shares to give the old guard advantage over mcoll. briblue

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If its easdale that must take him over 3% threshold and we should see a holding in the company announcement tomorrow

JG

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15 Aug 2013 18:29:16
twitter said Charles Green is going to raise 10million by selling Ibrox? I will say it again. These imposters are running our club into the ground. Why can't the Supporters groups just unite together and become one?
I am dreading what could be in front of us.
Coisty09

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Couldnt agree more. We have far too many trusts, assembleys and assosiations ect. its ridiculous. Join together for the cause and get these basxxxds out

GOVAN BEAR

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@op how can he sell ibrox he's only a shareholder that would need to be put to the rest of shareholders also I think your talkin p*sh 10 mill for ibrox the land around ibrox is worth more than that

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Does that confirm that he owns the title deeds to Ibrox or does RIFC own the deeds. If latter Chucky is only a small percentage shareholder and off loading shares fast by all accounts, also he is not on the board and should not be allowed to make this sort of announcment.
So maybe the deeds will now be finally seen and accounted for?
Interesting development
Dounebear

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Poster 2) I am am relaying what has been on twitter. As far as shareholders go. Green has never provided proof who owns Ibrox or Murray park so what's to say it is now held seperatley in one of his companies with all his investors? Could that be his plan B to cover his back because of falling shares or the fact he is being pushed out? Again it is all speculation. Nobody knows exactly who owns what. All I know is that these clowns purchased all Rangers' assets for 5. 5 Million and for him to sell MP or Ibrox & pocket anything above what they paid would be a ridiculous profit to them. They are positioning themselves to bail out & will look to sell Ibrox & Murray Park which will be leased back to the club.
Coisty09

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At 4, did it not say in the prospectus that ibrox would be transferred to rangers not sure about mp with the share issue also would that not be illegal tellin potential investors that the company would have ibrox then it's owned by another company or person ano your only saying what's on twitter but on the rumour page thers a post given great detail on the issue about how much we would pay back with interest I just don't see how green can say that as he's only a shareholder now but nothing surprises me with him now but its illegal to mislead people like that

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15 Aug 2013 18:25:56
another 2 million shares sold ahmad sold 1.2m to sandy easdale the shysters selling to other shysters and prior wonders why he can't get any also is ahmad not tied in till December

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15 Aug 2013 15:44:33
Not a rumour or anything but what I want to know is why the fans haven't put together a buy out bid, surely our huge support can get the money together to buy the shares off these rats who are bleeding our club and fans dry of every penny, portsmouth manged it and our fan base is massive compared to theirs, get a fan based consortium with a open bank account guarded by a stal wart liek walter smith and buy our club back then we have the power and the right to sell to the right kind of people and attract some decent investors :) just a thought

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@op good idea mate but our fans don't show trust like that most think Walter was in on the scam which is a real shame because instead of purchasing anything on match days each fan on average will spend at least a fiver buying food or programmes at the games so add to that the fans that can't get to the games which I'm sure any fan would put money in so it wouldn't take that long to raise the money but again it will need a leader to push this forward and we don't have anybody willing to be that spearhead to go forward and rid ourselves of these leeches

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Good thinking but do you have any idea how much it would cost to buy up control

JG

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Ally McCoist is a big part of why we are divided some think that while he's at the club he won't let anything bad happen and are happy to spend their money on his say so, while others think he is part of the problem since he's clearly not at Rangers for his football knowledge, is paid an extortionate amount and needs SPL quality players to compete with part timers. Who should we back in the boardroom, no one has told us anything about the way the club is run, we have had 3/4 chairmen/ceos and all we have heard is that McCoist backs them all, Smith has left the club twice and said nothing, so we are unable to make any informed opinions due to not being informed by the very men we trusted to inform us. It doesn't matter which you look at it McCoist has got to go if not only for football reasons, then because he has been there the whole time on on £1,000,000 a year plus bonuses while we are making staff redundancies! He said he would stand down if it was best for Rangers, how can paying him that amount be best for Rangers? how can signing all these players be best for Rangers? how can playing 1 up front against plumbers knowing that we ALL want 442 be best for Rangers? its what's best for Ally McCoist to keep his once in a lifetime job and keep us shelling out our money to his investor bosses. He is a disgrace to the shirt he once wore and the position he currently holds, but most of all he has let every single Rangers supporter down and helped put our club in great danger. Rather than dividing us he should be what unites us, united to get him out!

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Walter again why walter he was in charge of the fighting fund for the old club and money was wasted helped green lay new grass get a grip

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@2 well 14mill would get us 28% making the fans the major shareholder and with the fans being the cash stream for the club I think that would be more than enough

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Weren'tPortsmouth in admin? I. e they were for sale. They paid a penny in the pound or something for a cva. Different scenario here

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16 Aug 2013 01:06:38
14mil? Remind me how much the fans managed to raise last time? Then, how much did the fans spend on shares at Christmas? Fans have already put their hands in their pocket and it was wasted

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@7 as I said in my first post 1 the fans if there was somebody like the op said like smith to go forward with fans buying the club most fans who go to the games on average a fiver a game on food drink program's if that money was takin and put into a bank account and am also sure fans that didn't go to games would put money aswell and as you point out in your post the fans bought the shares they could just before Xmas so you answer your own question also we as another fan posted a few days ago we had 200k fans in Manchester if all those fans gave £70 probably much less than they spent on their time down there then that's 14 mil there's quite a few ways to get the money together

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@5 - don't know where you buy your shares but 14M would buy 33M shares at todays price on the market, that's 50% of the club,

I know you think the fans could buy up 30-40% but there is one thing you overlook, if any group takes there shareholding above 30%, they must make an offer to buy all other shareholders out

thats a lot of cash to be raised

JG {Ed001's Note - this 30% thing, is that still in existence in Scotland? I know it was changed in England as Usmanov was likely to reach that point with Arsenal during the summer.}

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Ed001, as far as I am aware the takeover rule is still in existence and applies to all companies (national, international) who trade on the LSE

JG {Ed001's Note - you are referring to the Takeover Code mate, Rule 9, I know but it was recently confirmed that Usmanov's attempts to reach 30% of Arsenal shares was no longer being made, due to the Rule no longer applying. Unless the club itself has voted in a whitewash, which I have no idea if they have or not, I assumed that was because the special dispensations that are often applied in sports was now encompassing takeovers. Oh and, either way, the 30% has to be 30% of voting rights, not just 30% of the shares.}

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15 Aug 2013 11:09:49
unbelievable that SDM received 2.6 million for sale of Albion Car Park no shame at all and not a mention in the media {The Ed039's Note - it was well publicised and included in half year accounts)

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@op you didnae think he was going to give everything away for a quid come on he's no that daft

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D&P stated the assets included the Albion car park during liquidation. It all sounds dodgy. Suddenly the Albion wasn't owned by RFC but by SDM and green hadn't got it in the original asset purchase but had to hand over an additional £2.6m after IPO to SDM.
All potential bidders know exactly what the original assets were including miller and Kennedy.

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Something is only worth as much as someone is prepared to pay.

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He should be the first one wheeled into court

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15 Aug 2013 10:51:04
The bottom line is Rangers are paying players, management, board far too much for the level we are currently at. What club pays a 100% slalary bonus to their CEO and board members for winning the 3rd division?

The players would get nowhere near a 100% bonus!

Even Walter etc are taking too much cash, Ally is on an outrageous salary

we need to streamline the management team and consolidate the numbers we are paying, start putting limits in place for league 1, championship and premiership

Jason

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Absoutely! And if the McColl consortium gain control of the club - which I'm praying they do - then there will have to be some radical cost-cutting at Ibrox. Indeed, I would predict that someone will have to inject money into Ibrox in conjuction with the austerity measures just to keep us afloat.

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That's absolutely correct. There is no reason at all in a footballing sense for these overheads. They won't win the scottish cup, but the league could have been won with 1/4 the cost. To say the players are an investment in the future is nonsense. Most will be gone before any real future begins.

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McColl consortium? He has stated he will not be investing and does not want to be on the board. All he is doing is offering support for Murray who wants on the board without paying any money. You do know Murray and Blint have no shares don't you?

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Mccoll murray etc are wanting to spend money funding ally and his ego green wants to cut cost but fans would go mad

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Everyone who moved from oldco to newco did so under TUPE. TUPE law protects the employees wages & conditions. The biggest crime is the money being offered to new employees - Players & CEO for example

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@3 no mccoll said he wouldn't give green any of his money also it's other shareholders who he is fronting for not Murray and blin these are the 2people who will be put onto the board to bring in the business plan wer rangers a living within there means and bring transparency to the club

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15 Aug 2013 09:53:34
What never ceases to amaze me is the brass neck of these spivs who are controlling our boardroom and by extension our club.
They take their seats in the director's box as if butter would not melt in their mouths.
When is this EGM taking place?
Our "so-called" supporters group leaders should be insisting on it as a matter of urgency.
The spivs are taking our inaction as a green light to continue their rapacious activities.

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Think ally has the biggest brass neck of them all taking a million £ easy money

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Bang on. Mather and Stockbridge in London to meet with institutional investors, I bet they had Green in close contact as well.

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Op they have 21 days to convene the meeting and two months to hold the meeting from the date it was requested, 1st august

Could be the london meetings were to try and reach agreement without having an EGM, I would not be surprised

JG

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If there's clearly more than 50% don't agree with the requisition, an EGM won't be called.
McColl's group anticipated this last week and called for the two nominated directors to be appointed without an EGM. This spoke volumes.

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Talking about brass necks what about longmuir and his merry men organised by liewell bleeding the country dry the whole establishment is rotten to the core

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@5 what are you talkin about lawell and the spl are nothing to do with longmuirs bonuses or the final payoff infact the only reason this came to light is because of the spl lawyers who questioned it I suppose lawell and spfl are to blame for Scotland getting bet off England you are a joke

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@5/ Seriously? You are deranged mate. Longmuir is the next to join the Ibrox money suckers according to a leaked e-mail.

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15 Aug 2013 09:32:45
Absolutely brilliant summing up of Chuckie from Kieron Pryor in the DR, not only intelligent but a comedian to boot, love it! ThebhoyGreen.

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15 Aug 2013 09:00:20
Everyone knew green was bad news including d&p and they still gave the club to that cheap skate who invested 25k and borrowed the money to buy the club, instead of Jim McColl a multi millionaire who was putting in 6m and no loan, it was never green who had preferred bidder status it was Whyte, so for there part in this scam, d&p should hang for this, how do these to&&ers sleep at Night' please Bdo close it down, make all transactions nill and void, start again buy selling to the highest bidder, that would rule out green with his 25k.

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Where were you when the warnings were all over the place about Whyte? Did you take the same stance when Green pitched up? These guys were exposed by Celtic fans! Every Rangers blogger swallowed their lies and no one looked into their track record. The information was all out there but no one believed it.

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OP you have no clue what you are talking about

Green was a 15% shareholder in RFCL, they paid 5.5m for the assets, do you honestly think his mates gave him 15% for 25k?

McColl was never serious about putting anything in, no one was

Whte had put his company in liquidation how the F@@k was he the preferred bidder?

JG

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Sheffield fans warned what green was like. and yet gers fans ignored signs.

if green runs most of his business ventures into admin/liquidation. what is his plan for rangers. another admin it seems, given his generous support for imran. who was thrown out of ibrox

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I was in here the afternoon Whyte went to court and got D&P picked before HMRC's choice, it was met here and on other Rangers forums with celebration.

I sat shaking my head in disbelief, even that late in the day "In Craig We Trust" prevailed. The first wavering of that support for him, in significant numbers, came with the Arsenal shares story on February 22nd, until then, in the most part, he was bullet proof.

You have been warned ad nauseum about these folks and here is the next one, short of major cuts or major investment Admin 2 is coming, don't believe me, believe Dave King, he says Christmas, for once I'm the optimist with February!

Gaz

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@ gaz in all fairness mate I think admin is a real possibility but Kieron prior is saying the total opposite to what dave kings saying and these 2 are wanting to buy up shares and at this time when fans are needing straight answers we have these 2 painting to totally different scenes and then we've got hodit and dodit in London meeting the investors and the fans not knowing if this is to get them to put more money in or what I'm thinking more getting them onside for the egm and to think only just over 2 weeks ago people are thinking everything is starting to get sorted

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@5) A couple of weeks back King reckoned there was about £6m left from the IPO. Add that to the £8m or so generated this year and you were at £14m. Stockbridge said grand total of £10m, no blogger, no Celtic fan, no investor, the one guy in there competely in the know. So it was worse than even King predicted.

King has his sources but bear in mind Prior is an outsider trying to get in, trying to "get a look under the bonnet" in his own words. I'd said King is closer to the mark and has ears on the inside, Prior has came from nowhere by comparison. he's an intelligent guy, no question, but he probably has about as much info as anyone else to go on, ie the Prospectus and interim accounts, Stockbridges figure is the only one to go by and his admission was worse than King's estimate.

The London trip is vote gathering and investor assuring nothing more. I have no clue where it will end but with speculation of Longmuir joining and Simonsen signing cost-cutting isn't looking high on the priority list.

Gaz

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How the f can you stop anybody buying shares in any club mcoll had his chance

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@ gaz well if king had inside ears then he would have knew there was only 10 mil full stop or he's just getting fed duff info the same as the rest of the fans

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@8) I would say precious few folk know exactly, some will know some details ie cash out, others will know other front office things ie season ticket sales, what % paid all of it, what % pay it quarterly, that 34,000 isn't 34,000 x the actual figure. Bottom line is at a time when loads of you were still claiming there was loads left in the IPO pot King said £6m and it was closer to £2m, he'd have been ridiculed even for £6m bar Stockbridge's comment, that's guaranteed.

Gaz

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@ gaz mate a don't remember many posts saying there was a lot of the ipo money left I'm surprised there's 10 mill in the bank probably less a don't believe anything that come out of rangers anymore unless its about the fans getting shafted because that's the only certain thing in this whole mess

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15 Aug 2013 08:54:32
When is this weeks board meeting?
DouneBear

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Tuesday next week (20th) so I read.

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20th august

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Op - this weeks meeting is next week

20th August

JG

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