Rangers Banter Archive December 19 2013

19 Dec 2013 19:16:04
A dark day for the club. Investors have ignored the fans their bread and butter. To not act is to allow the club to suffer further embaresment. I will be staying away in protest after 16 years a season ticket holder I will not fund the who pilfer the club for their own gain. Even if they had Stockbridge stand down I would have accepted that summers & co were sincere in governance and taking the club forward. Its still the secret society it was yesterday.

I could not agree more. I too will not return to Ibrox until as a minimum Stockbridge is removed. The board say they need a 120 day review to put together a robust business plan and strategy. Guess what - just in time for the renewal of season tickets.

An empty Ibrox is the only way these guys will listen as the share price drops and their investments disintegrate. Rangers are supposed to stand for pride, loyalty and behaving in respectful honourable way. There is not too much of this in evidence over the recent past.

Are we really prepared to accept the lies and deceipt for a 3rd year running.

We need to wake up and act.

If the fans stay away that will effectively kill the club, and allow the board to sell up and then blame us for killing the club or am I just being a drama queen. thing is I believe this is what has been their agenda all along?

We are between a rock and a hard place for sure. I really feel for all the season ticket holders, especially the ones going for decades. These are the guys that built the club.
The board members say they want peace with the fans, to regain trust. Get that finance boy away. If you can't sack him phase him out. If they were genuine about going forward these promises of 120day plan etc should have been done when Mather was here. Some sort of ultimatum should be proposed. The fans are Rangers even if we call Hampden our home ground. life could be worse! Merry xmas to all! YOYO TOSHIO (have a great new year in Japanese)

20 Dec 2013 06:57:56
As a wise man once said "I cannot teach you violence, as I do not myself believe in it. I can only teach you not to bow your heads before any one even at the cost of your life".

Act then!! 233 quid each as I posted earlier

JG

I feel that us fans need to stop the protests and let Wallace and the board have the 120 days for their plan to show us they are the people to take us forward only then will we know and also this still leave us time to decide wether if we are going to back them or not but they will need that 120 days without any dramas from fans if they're to get other people to invest

20 Dec 2013 11:43:06
120 day what just as the January window slams shut having sold Templeton, wallace, law and McLeod. Wake up man. You can not listen to this board.

@7 I don't think Wallace made the plan up the first day he started and also sellin those players still wouldn't be enough money they need so here we are everybody even the requisitioners think Wallace is decent but there is still people like yourself who are against them I don't trust most on the board but 120 days isn't that long for us to see what they can do and I very much doubt they would sell these players and ask the fans to pay more come next season

@7 120 is 4 months taking us to mid April, if I am not mistaken the transfer window shuts end of January, wake up!

N7 the season tickets are upfor renewal then is this a co incedence wake up

19 Dec 2013 17:01:57
After the unsurprising events of today at least we know where we stand on several issues.

Costs must be cut in the next year whilst maintaining a squad to get us through the Championship and back to the Premier League - this will give us room to manoevre in football terms.

The events of yesterday were far more significant than today. Craig Whyte hasn't gone away and will inflict more pain and we will pay the price following his lost battle with Ticketus- make no mistake, we will be hamstrung for years because of this.

2014 is massive on and off the pitch and we may be required to save our club. Then, at least it will be ours.

WATP

Jim - how does the ticketus verdict affect us, they took whyte to court and the verdict was that he is liable for 17m, that's it mate, ticketus cannot now say whyte never paid up so he is not liable let's take rangers to court, that's double jeopardy, it was one or the other, they went after whyte as he personally guaranteed the 17 million

JG

JG Whytes might just sell ibrox and mpark to pay for it

TH, that would be impossible unless he is now an estate agent. Both properties are declared within the auditted accounts.
billyb

Th you been pulling your Christmas crackers early because that is a bad joke

JG

There is no prove that craig shyte and chas green are notplaying this together is there have we to believe charlie boy a liar if ever there was a bigger liar I've yet to meet or hear of

19 Dec 2013 15:57:32
Did anybody see tv when some shareholders spoke? Are these people even real rangers fans? Quotes such as I voted to keep this board in, it was a very quiet egm? Seriously no wonder the clubs in such bad state.

19 Dec 2013 14:40:58
Right bears let's actually put our boycott plans into action. No point just shouting about it. Season tickets kept under lock n key till we get this much needed change at boardroom level.

We need a rangers man in their for there to be any trust at board room level if not why should we buy season tickets? for what reason to cheer on a team that will no longer be in 2 years time

Precisely. Hopefully they listen to reason aka Dave king and put Murray on the board. Doubt it tho, to high of a risk. More chance of getting caught.

Gutted but expected. feel sick with all these business men only intrested in money got a feeling this club will be run into the ground and any real rangers men wanting in will be held to ransom

Why would we boycott our own club? We have a Rangers man in Ally Mccoist on the inside who will look after our interests and would never do anything that was not in the best interest of RFC. The (corporate) democratic process has run its coarse, if we don't like the out come what do we do? Stamp our feet and go in a huff or work with what we have and democratically force change if indeed change is needed. If you don't want to come back to Ibrox don't come back but I'll be there on Boxing day singing ma wee heed aff.

@4 Ally will look after his own interests and has been since getting the managers job. Rangers interests are secondary to him

N2 I don't think dave king will invest whithout him either being on board or somebody he can trust on the board plus I think stockbridge will be hung out to dry p45 in the post

@5 That is simply not true Stewie

19 Dec 2013 08:52:25
Why can we not get all the fans and groups to unite? an easy way would be to add £5 to a season ticket, or £1 on a match day ticket. that way you instantly have 40k members, speaking with one voice. various agendas can be pursued, eg, a scheme for the fans to buy rangers. as it stands just now, the fans are quoted as having 12% of the shares, with no voice, but james easdale has 1%, and has a seat on the board! hats off to mr houston for standing up and actually doing something. it's time to take it to the next level, but as a united group.

Hugh the fans don't have to unite, just go out and buy shares, the more shares the fans own the more votes they have.

The fans could own a controlling share of the club for 233 quid each, YES 233 quid!!

How?

There are 65,000,000 shares issued, therefore 33, 150,000 is required for a 51% majority
the fans took up approx 3, 500,000at the ipo, the fans need 30,000,000 more to have a majority of the shares
Let's take an average home crowd of 45,000, each one would have to buy 30,000,000 / 45,000 = 667 shares each

667 shares at today's price would cost around £233 quid

If we are serious stop making a noise, or whining on about it, go out and buy 667 shares, buy your son shares for Christmas, ask your family to buy you shares at Christmas or for your birthday, treat yourself

Stop feeling sorry for ourselves and take the club back, since the IPO I have encouraged fans to buy shares, if you got a spare 50 quid buy shares, if you have a win at the bookies buy shares, take a weekend off the drink buy shares, slowly we would get there

Remeber every share owned by us the fans is one less owned by the original consortium and institutions

JG

Not often I find myself agreeing with you JG but you are spot on.

JG,
wouldn't the current owners of the shares have to sell? The shares don't just magically appear, someone has to decide to sell first.

@3 there are many share trades every day john, if I wanted to buy more shares tomorrow I could

Just as I could sell them tomorrow without there being a buyer for them

What I outlined would not happen overnight and I was trying to be constructive

but as I said every share bought by a fan is one less vote for others

JG

18 Dec 2013 22:50:39
First post on the forum, so be gentle. It strikes me that the AGM will not be the endgame? I think this was just part of the strategy from McColl/Murray et al. It's not a foregone conclusion but we can probably assume that the current board have enough votes to cross the line. Hopefully the former Blue Knights will start buying shares directly or setting up companies to acquire shares in small enough blocks so that the share price is not over-inflated and that they keep a low enough profile until the time is right to make a play. Unfortunately, we have guys on both sides who believe that they are clever and are more interested in a financial / legal chess game than progressing an honest, transparent transaction that all of us laymen can understand. If we can untangle our club from this web of propaganda how much would it really cost to buy a control of Rangers? I know it won't be the £5.5m that Charlie paid, but shouldn't circa £15m be enough? I know there are lots of known unknowns, I just wondered what other Bears think.
RTID

Op I think if 15million was enough to buy rangers dave king would buy lock stock and barrel so ide imagine its a lott more than that maybe double and add a bit yet but current board know most supporters want them out so heres hoping eh

I was told through the RST that a 1% stake would cost circa 315000 pounds.

Notahappybear - welcome on board

how much would it cost to buy control of rangers? good question but not as simple as you would think

take into account there are 67,000k shares issued,
to have overall control someone would need to own 51% of that or 34, 170K shares
thats straightforward, but when someone gets to around 30 odd % or 22,000k let's say @ 35p = 8m more or less, then they must make an offer to buy all 100% from existing shareholders so they could end up having to buy 100% of the shares at x pence per share

Also need to consider that shareholders do not have to sell if they don't want to and not many would sell at a loss. If someone wanted to buy they would have to keep raising their offer price until it was acceptable to individual shareholders, that's why its normal to see a companies share price shoot up prior to any takeover bids

So back to your question, because of the above it is not possible to put a figure on it, it would have to be negotiated with existing shareholders but between 20 and 25m should get you there

hope that makes sense

JG

So if it is circa £300k for 1 per cent then just over £15m should buy 51 per cent which would give a controlling stake. We. Then need at least another £10-15m to see us through this season and the following season. I don't see anyone coming in with that kind of cash because their chances of turning a profit for themselves seems slim to none. I assume the RST and King have been in discussions? I am all in favour of fan ownership, but don't we need a serious business professional at the helm of such a project (no offence to anyone involved with the RST). It seems unlikely that collectively we as supporters are otherwise going to be able to agree and organise?