Rangers Banter Archive October 27 2014

 

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27 Oct 2014 15:46:19
Geordie fan in peace

Ashley is a business man first and that's what will shape any decisions he makes about your club. He will want to make as much money from your club and he will be banking on getting you guys back in the champions league spending as little money as possible. I still don't think he will sell Newcastle just jet ether as that's just a cash cow for him, all he is bothered about is keeping us in the prem. that's it, no ambition in footballing terms

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Am I missing something here. Why has Ashley got so much power with less than10% shares. I also thought that company law stated that directors must take the best offer available which Ashley's obviously is not. Can anyone explain

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27 Oct 2014 19:17:59
Bigals:I'll have a go,fat Easdale said the due dilligence done by what was left of the board,showed Ashleys offer to be best for the club.Also his offer stipulated he was to have two of his men on the board.Threats of legal action were threatened upon non-compliance of this,put that in with the merchandise contracts he already had,and there you have it.Money always wins.

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Jimmy 1976 is it possible he sees Rangers as a better option to get to the champions league than Newcastle. the amount of money he would need to spend to overturn Man City, Man Utd, Chelsea, Liverpool is just not going to happen. where all he has to do up here is beat celtic to get to the qualifiers. although looking at what celtic came up against this season we would still need to have a really good team. but and its a big but if we did manage to get to the champions league the amount of money he could make off the back of that would be as much as what Newcastle make in the premiership. i'm going to stop before I'm committed!!

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27 Oct 2014 20:14:23
@1 That's been bothering me a lot,the legal threats I mean. This Crighton guy was all for King then has a last minute change of heart. Also why did Nash leave without a payday? Does anyone think maybe some unsavoury dealings were stumbled upon? Nash leaves with the middle of a doughnut,Crighton stays and says he'll be a good boy. All conjuncture I know but,who knows?

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So if he turns things around as he did at Nufc and we make a profit for 3 yrs in a row as Nufc have done, will that be good or bad for us

We must make our expenditure match our income that's the basics

JG

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The elephant in the room is retail sales and/or image rights, both are worthless if Rangers is not happy and healthy.
MA interests coincide with Rangers, both have to be successful for both to make money, anyone who says otherwise does not understand retail or MA.
There are some NUFC who resent Ashley for keeping ticket prices down and not charging any interest on 129 million, just goes to show how fickle football fans are.
Fans applauded CG for his brutal honesty, he was in it for the money, now MA is demonized for being intent on making money out of Rangers.
Football fans have engulfed themselves in some kind of pseudo class war, don't know if it is a reaction to the financial crash or the ever widening gap between the rich and the poor. MA is a businessman not some cheap spiv.

MA is not Robin Hood nor is he the Sheriff of Nottingham, he is a clever businessman who has invested 2.5 million in Rangers and makes 3 million per year out of retail, he is protecting his interests and he will fix Rangers his way, but it will be fixed properly.

Suggest you get behind him and see what he does, worth the gamble.

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27 Oct 2014 22:23:46
The money Newcastle make in the premiership is more than Rangers would make in the champions league. Also he must be aware of FFP regulations, Rangers would clearly fail these and therefore not be eligible for European competition.

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Bigals, Quite simply a credit facility, first £2m then 5 then whatever. He now has us by the short and curlies.

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Another feature in business to gain control is to allow a credit facility slip. Then you are totally wrapped up like a kipper.

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27 Oct 2014 23:43:58
I don't get this whole 'Holy Grail/champions league for MA' thing. As far as expanding the brand that is Sports Direct at champ league games goes, the only mention of it would be when the commentators mention the stadium name. Unless it's a uefa sponser, all other advertising gets covered up(unless he starts sponsoring the shirts which would mean even less money for the club!). As for champ league money, the English prem makes him far more money than a group qualification once every 2-4 years. I just don't see him making any investments in rangers. He'll make cutbacks and make the club sustainable, but it won't be successful.

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27 Oct 2014 21:50:46
Would love to know myself gkk what legal threats he could've used against them must be something good for one to walk and other to comply with his wishes. still have the feeling he owns more share through someone else, to be able to wield so much influence.
r. f

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Jimmy - if he can get us back to where we were I don't give a monkeys ahole how much he makes in the process as long as he puts us in good shape the same as your Nufc is mate

JG

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@5 JG. Nobody would argue if he turns the company roound and makes a profit 3 years running, but if he does that, remembering that this is Scottish football, we won't be appearing in Europe for any length of time, if at all

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28 Oct 2014 08:51:44
@11 r.f Its a strange one that,I mean they're on a board of directors and they have contracts.They can resign (as they done)or be binned.He must have the goods on them over something.

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28 Oct 2014 21:37:27
@6 I don't get the reasoning that ashley needs rangers to be in the CL regularly to make money from retail. He will already be making money from retail and we're not even in the spl. Yes being in CL might mean more retail sales, but then he would have to fork out big time every year to get us there and keep us at that level. So it's fairly obvious ashley will want to find the optimum spend level to maximise net profit. That may well not involve putting us into CL zone, he might find the retail does very nicely with just a foray into europe every few years. We'll just need to wait n see. But if CL route doesn't bring most net profit then he won't be aiming for that. He is no SDM prepared to lose millions for the sake of a flash of glory. That much is clear.

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27 Oct 2014 13:24:42
The way i feel right now is by far the worst I've felt as a Rangers fans. i'm not saying i'm giving up i would never do that but i just don't know were to Turn now. I really don't know what to think of ashley. he's a billionaire so i really don't think he would be trying to take us over to screw us out of 10-15 million pounds or whatever. I also don't believe for one second that he has team up with The easdales etc as they are small fry to him. I wish the man would just come out and make a statement. Mo matter what watp. Chin up bears we will get there eventually

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Yes it is rather depressing right now and like yourself i do feel like giving up, but will soldier on supporting the team as always starting by going along tomorrow to show my support as the one's who stay away are as much to blame for this financial mess we currently find ourself in, and again this guy from the SoS is back in the press giving it this talk of this and that why doesn't he and the rest say unless it's Dave King then it's nobody we'd rather the clubbed die unless it's him.

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27 Oct 2014 15:13:21
the fans are not to blame for this boards financial mess so stop blaming the fans that are not going to the games they have been rangers supporters for years and still are the club is a shambles how on earth can u turn town 16 million then going acept 2 million secured against edmiston house and albion car park like ashley hasn't got enough from our club already for pennies blame the board not fellow fans if u can not see this then good luck to u a lot fans are sick of being tain for mugs time to wake up fans going to games is paying the wages for board and bonuses what do we get in return nout not even a player signed for any money they are laughing at fans that turn up at game

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27 Oct 2014 15:18:49
@1) As someone who very recently gave up travelling up for games I have to disagree with you mate on the point that the fans who have been staying away are as much to blame for our financial woes, the last two seasons have seen Ibrox packed to the rafters on most weeks where did that get us we were still potless come the start of this season.

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@3) I understand where you are coming from regarding traveling up from Southampton i think? and reading my post and and others I've posted yes i do seem to blame the fans a lot and for that i offer my full apologizes. But i do feel as tho that if it's not Dave King then the fans groups in particular don't want anyone.

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Look we wanted change we've got change ashley however much u like or dislike will not be associated with failure when he took over at newcastle it was a bigger can of worms than what exists at ibrox so for the sake of the club let's get on with things

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27 Oct 2014 18:06:06
Fans to blame ??? Rather try the board who managed to squander £70m in 18 months !!! We are now at the mercy of a man who owns another football club, has only 8.6% shares in Rangers running in tandem with a bus conductor who has about 5% shares but controls about another 21% ----- just have a look at what they have now managed to stitch up between them . Tell me what are the supposed fans representatives thinking of doing about this sorry state of affairs ?????

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27 Oct 2014 10:58:07
One positive could be the removal of McCoist which we've been crying out for the last few years

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Sun says he is, Evening Times says not. Who to believe (hint: not the Sun)

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I wish these papers wouldn't build up our hopes, 1 up front with "wee Blackie" returned to the midfield tomorrow night perhaps?

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Don't believe everything you read in the papers, most of it is nonsense

JG

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27 Oct 2014 09:02:42
Ashley, s 2m interest free credit facility secured against Edmiston house and Albion car park (not the image rights or the badge or the stadium) on condition that he can appoint two members to the board

gkk- please go read the announcement and I won't paste it

After all the wailing and gnashing of teeth on here this weekend, I thought some would be happy that 2 of Greens spivs (as they were called when appointed) have left and two people not related to Green are now on the board

Is that not partially what was wanted by those shouting and boycotting for the board to be sacked?

JG

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27 Oct 2014 10:28:29
JG: you paste away to your hearts content mate,that's auld hat now.

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Op, I think you may find that one of the 2 whom are about to be voted onto board has already turned down the CEOs vacancy some time ago and who offered said job? Oh that's right green and Ashley's behest. All good then for you

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27 Oct 2014 11:30:37
Ashley is linked to SE who controls 26% of the shares? Why 26% is that just an accident? No, it's because 75% of the shareholders need to agree when any vote is put forward so by owning 26% they can stop any motion from being approved as they did with Dave King or the alternative £3mill loan. The question of Blue Pitch and Margheritta Holdings ownership is still in question but would not be surprised if they are still linked to Charles Green? So where does it all fit in? Regardless of what is said Ashley can only gain overall control if he ownes the shares. He has however managed to get 2 of his own on the board and if they sit alongside SE then he can manipulate the situation however the directors have in theory to look after all shareholders so how there was no stock market investigation into the Ibrox naming rights issue sold by Green to Ashley is strange. With Ashley now on board Rangers supporters may never get to the bottom of who owns who.

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27 Oct 2014 12:40:33
This is just a thought and I may be a million miles away from the truth but with the king, Kennedy offers being knocked back & ashley being accepted maybe the mystery shareholders from blue pitch and margaritta are ashley just a thought
r. f

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27 Oct 2014 12:50:02
I don't think Green and Ashley are on the best of terms,how much did Green spend (of Rangers dough)trying to have that contact torn up? They must have had a wee tiff somewhere along the line. Ashley will bin Green, and his two fat pals soon enough.

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27 Oct 2014 13:18:15
This is just a thought and I may be a million miles away from the truth but with the king, Kennedy offers being knocked back & ashley being accepted maybe the mystery shareholders from blue pitch and margaritta are ashley just a thought
r. f

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Johnnymac - not every vote needs 75%, some only need 50. 1%

the resolution put forward at the last agm to allow the board to issue new shares did require 75% to vote in favour.


JG

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Ashley has not teamed up with anyone. Green the easdales are small fry to him thjey mean nothing. He will own Rangers at somepoint in the future i have no doubt about that.

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27 Oct 2014 14:45:46
Hope your right gkk as it would be sweet if he shafted them the way they have shafted everyone over the last few years.
r. f

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27 Oct 2014 18:25:21
JG you are correct it depends on the motion proposed. The Ashley £2mill loan is strange however. It's a 6 month loan. He gets to put 2 men on the board to represent his interests but after 6 months if the loan is paid back, they will remain on the board. In 6 months the loan needs to be paid back but there is no way of paying this back unless another 10,000 supporters buy season tickets for the second half of the year! That won't happen, Rangers are losing money now so how does that change over the next 6 months so what will happen is that Ashley will be entitled to retain the assets which he will offer back to rangers for an increased shareholding, the board will vote in favour then it's down to the shareholders to allow a new share issue which they will need to do and Ashley gets control by giving the assets back. So in effect he will gain control for £2mill. Job done. He is a very clever man. The £2 mill is the Trojan horse.

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Johnnymac - is it not just the same as the Letham/easdale loan we had previously

But yes we cannot keep operating like this, we need hardass managers who will, A&E the cuts that are required to stem our losses

JG

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30 Oct 2014 20:54:27
With the attendance the other night pretty poor. i know a lot of fans are fed up with the way the team is playing and the way it is being run but when you look at other clubs ie man u and Newcastle, Cardiff. hull. to name a few who don't really like there owners but still support there teams surely its time we all show why we are the best supported team in Britain by all getting behind the team. support the team not the board

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