02 Mar 2014 19:07:57
UNION OF FANS STATEMENT
We welcome the fact that Dave King has committed to travelling to the UK to advance the setup of the required legal structures for a Season Ticket Trust and a fund to purchase an equity stake in the club. We very much look forward to meeting him in the near future to push things forward.
We also note that, like us, he shares a fear that Charles Green and the people he represents are still de facto in control of our club.
At their meeting of 30th January with CEO Graham Wallace, the RST requested an updated copy of the register of shareholders in RIFC PLC, which is a legal entitlement of all shareholders. The club considered this request and asked for further information, which has now been provided. We are aware of similar requests by individual shareholders which have yet to be fulfilled.
We are aware of concerns by shareholders that there has been a perceived delay in complying with requests for a copy of the members register, and that these concerns have lead to suspicions.
We would urge the club to comply with these requests as a matter of urgency, and act on their promises of transparency and engagement with supporters.
We also note that Graham Wallace recently attempted to justify the £1. 5M loan from Laxey and Sandy Easdale, by indicating that it was part of a business plan he “inherited”. Just who did he inherit the business plan he is implementing from? Charles Green? Brian Stockbridge? Imran Ahmad? Also, why is he still implementing a business plan which is so clearly flawed? Particularly when it is clear that alternative routes are and have been available.
We would like this board to explain just what has happened to the 5 million shares Charles Green awarded himself at 1 penny each and which constituted a 7. 68% stake in Rangers. We are aware that some of those shares are now in the hands of Laxey. It was also widely publicised that Green had proxied his shares to the Easdales and struck an agreement to sell those shares to the Easdales in December 2013. But no record of such a share trade exists. Also the Easdales do not appear to have increased their notifiable interest in the company according to the most up-to-date information available. It is entirely unclear who now holds the balance of Mr Green’s shares and if indeed they have even moved out of his control.
Dave King is quite correct to express his fear that Charles Green and those he represents are possibly still controlling Rangers. Just as we, as supporters and shareholders, are right to exercise our legal right to view the up-to-date shareholders register. Once again, we simply ask this board to answer the perfectly reasonable questions they are being asked and to not just speak about transparency but actually provide it.
Believable0
Unbelievable0
02 Mar 2014 23:07:17
Terrifying stuff BB. Really scary. What are they doing to our club. And what about the Easdales supposedly being big Rangers fans. How could they help the Bxxcxxxxd green? Its heartbreakin. I've heard tonite that admin is hours away. Wud explain why I also heard Mr King is heading home. I hope so. he seems to be the only man willing to put hisa money down and his head up. Shame on you Jim McColl. D Park. P Murray. Were did u hide when we needed you. Particularly McColl and Park.
Agree0
Disagree0
Tomblue I think they will all be involved I hope they will all be involved mccoll and all
Agree0
Disagree0
03 Mar 2014 01:18:09
U may be rite m8. And I hope so. But they should have moved long ago. They had the finances to kick things off. The ordinary fans would have joined in and the amounts involved would have been major. But let's just hope ure rite m8. I now believe the 1.5m loan was to pay admin costs. So that would be wallaces reputation gone. And i'm still awaiting the chairman saying anything. Green has ripped us. And SDM enabled it all. We should never forget that.
Tomblue
Agree0
Disagree0
It's been a long time since I posted on this page but tbh the rangers fans have now put the cards on the table, the ball is in the boards hands. IMO this should have been done long ago.
No point in blaming money men like McColl & park, if they wanted to save/help rangers then the would have. It takes a lot to make 1 million pound, millionaire or not but why would a rich business man shell out on a club that has no clear board in place and still operates at 500k to 1million pound lost a month?
Admin 2 was always going to happen and the mugs are the rangers fans & McCoist. The fans because like any team your attached to them & try your best to help them out like any other fans then McCoist who has backed just about every person that walks through the door.
Even if king save the day, it surely needs to come out in the washing to who owns Murray park/ibrox & the car park.
Lenny
Agree0
Disagree0
Park macoll and co want the club for nothing they engaged goldman sachs to buy as many shares they can at 20p when shares were trading at 30p onfriday so who wil sell at 20p
Agree0
Disagree0
The whole farce makes me sick and mad and I'm a Tim! Must be heartbreaking for the decent bears. It's one massive cluster*uck which I suspect has always been the plan so people get so hacked off they just give in. I don't know what the answer is - prob not DK or the current mob. Ideally nothing but a fresh start with only fan ownership but that's never going to happen with all the dark forces at work. I know you don't want our sympathy. HH joe
Agree0
Disagree0
Dunno about that Joe, I appreciate the sentiment in your post. Unfortunately as a group we have continually allowed ourselves to be mugged off. The worrying thing is that there are still those calling for time for Wallace and his cohorts. It really is quite astonishing when you consider all that has happened and the evidence of our current financial plight.
We now find ourselves stuck between a rock and a hard place through our inability to accept that which is staring us in the face.
Agree0
Disagree0
Baybear - so are they saying that this statement made to LSE on 1st October is false?
1 October 2013
Rangers International Football Club plc
("Rangers", the "Company" or "Club")
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.
For further information please contact:
Rangers International Football Club plc
and this one doesn't exist either
17 September 2013
Rangers International Football Club plc
("Rangers", the "Company" or "Club")
Holding in the Company
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.
JG
Agree0
Disagree0
JG, you come across quite arrogant with your copy and paste posts from Google like you're the authority on everything Rangers. I've absolutely no desire to get into any debate with yourself as A. I will not pretend to have a clue about Rangers finances, shares etc. B. You seem to never listen to anyone anyway. All I know is that I've been posting on here since we first welcomed Mr Whyte and the fantasy of him being some sort of saviour. I called it then as I did with Chuck who came next. I gave my opinion and urged fans not to trust Green. I cancelled my season ticket as it was the right thing for me to do and to date I have no regrets as everything I've felt has come to pass. For the record I don't trust King either. I simply posted the statement as I thought bears would be interested. I'm happy to trust my own judgement and leave you to debate the figures you find online. Just do us a favour and stop trying to pass off stuff you find online as a product of your own superior intellect, it's getting a tad dull to be honest. If it turns out that this time I'm wrong and Wallace is the man who saves us I'll happily come back on here for some humble pie. Until that day comes I will continue to be wary based on the lies we have been fed over the last couple of years. Now away and pop that massive heid of yours back in the sand.
Agree0
Disagree0
02 Mar 2014 18:38:57
Believable0
Unbelievable0
{Ed039's Note - Guys as per some popular requests, another couple of voting polls have been added to the site - to vote click on the Voting Polls selection on the left hand menu - or if you wanna talk about it send us your posts in the normal way)
Ed,
Don't know where to post this, Alex Thompson ( ch4):
" Rangers to go into Administration on Wednesday? At least one senior Glasgow accountant is saying so tonight. "
Hope this is just gossip or guesswork.
Agree0
Disagree0
{Ed039's Note - Heard it mate, I have been saying for a while it is not far away and I am surprised it hasnt already happened to be honest)
02 Mar 2014 20:26:34
Rangers totally denying this.
But let's face it if it's not Wednesday then it's going to be before the end of the season.
Agree0
Disagree0
{Ed039's Note - Defo Naz, the point deduction can still be afforded this season with promotion, even with a hefty deduction Rangers are still guaranteed to be in the play offs, and thats why the timing has been craftily put in place, I do believe it has been the plan all along, and that is why Dave King is now circling, as soon as he appeared in the papers this week then alarm bells went off for me)
Administration is not a certainty if Rangers have enough cash for the next two months, this gives everyone time to sit down and negotiate. If it was or wasn't the plan all along, either way DK will be blamed for causing the administration.
Very very strange stuff going on, and without accounts it is impossible to know who is telling the truth.
Agree0
Disagree0
If we go into admin again, that's it for me. i'll be going to watch the juniors. the humiliation would be unbearable. I have said all along boycotts are not the way to go but enough is enough. no more money from me. so I hope all the fandingoes who stole money from us, I hope yer next sh@%es a hedgehog!
Agree0
Disagree0
Rangers have the rumours there is no board meeting tommorow this was published on internet tonight by the scotsman but I dee alex thompson is spouting its wednesday I definetly don't beleive it to be polite he speaks with a forked tongue and has ultrior motives the only man we don't here from these days is the right hon david leggat what's he saing about all this
Agree0
Disagree0
{Ed039's Note - Thomo also says after the comment on administration that it all hinges on the board meeting tomorrow)
If it is admin Bears then the points deduction would not be implemented until the start of next seasons. This may tie in with the explanation from Rangers that we are not guaranteed 1t place next season. Now I am starting to have wee seeds of doubt.
Agree0
Disagree0
{Ed039's Note - Point deduction would be immediate, only if you went into an insolvency event during pre season would it start at the beginning on next season - see SPFL articles of association - page 36 - article E2 - http://spfl.co.uk/spfl/rules-and-articles/
Cheers ED. My error sir.
Agree0
Disagree0
{Ed039's Note - Not a problem, I have been reading these the last couple of days and it was fresh in my mind)
What if still in admin at start of next season, hearts in admin for 4 mths
Agree0
Disagree0
{Ed039's Note - Then a further point deduction will be handed out if still in administration prior to the start of next season, its all there on the link under section E "Insolvency")
I am going to stick my neck out, the Board must vote for administration, Easdale will never vote to put Rangers into administration, and Laxley would need his vote.
No administration and they will agree to meet with DK, and produce accounts proving Rangers are not insolvent.
Agree0
Disagree0
02 Mar 2014 23:26:24
Seems to me the 1.5m loan was taken to pay for the admin.
Wallaces reputation is now in the gutter if admin happens. And AMC should hang his head in shame. And the Krays? Well. Were to start.? The rat green must have seen these two hafwits coming. raped and all the time certain men did nothing. The lying conniving david murray. Walter took the night at ibrox. Along wi his millions. the ugly midden murray gave our club too. The wee dog shyte. Now we have one man left. The man who should have owned the club long ago. dave King is the only show in town. Again the loan was to pay admin costs. So Wallace is a liar too. And I ask AgIAN. Wot happened to our chairman?
Agree0
Disagree0
What about super ally. He is in it up to his eyeballs. He has played bears as mugs for his own gain. Should you be suprised after what he did on his wife? This guy has zero credibility. Also I think there are quite a few on here that owe the infamous george an apology as this is exactly what he said would happen many months ago and he was derided by most as a crank!
Agree0
Disagree0
As if the news is not bad enough the final slap on the puss is it is brought to us by the award winning Rangers hater Toxic Thomson. How do these enemies of the club find out before our own support? Shouldn't Thomson and his disgusting team be more focused on the potential threat to world peace in Ukraine?
Agree0
Disagree0
@ nbear2 should you not be looking closer to home when talking about rangers enemies? Surely there are a couple of legends that were involved in the last 2 years, namely Walter and Ally, who must have suspected all was not right, even if they had no concrete proof but they could have at least told fans to be careful. Instead they did the exact opposite and convinced fans to part with their cash.
Now maybe they genuinely believed all was well in the Rangers structure, but if that's the case then you would need to question their I. Q. Either way these two in my opinion have done more damage to rangers then Mr Thompson
Agree0
Disagree0
@13 to suggest Walter or Ally have deliberately damaged us is out of order. The malmo and maribor games did plenty of danage but pretty sure that was incompetence not malice.
We were brought down and kicked by SDM, HMRC, Lloyds, Whyte, D&P and Green.
Walter is a legend. Ally as a player, legend, as a manager, ain't got it but remember he was the only rangers man in the building at times when we didn't have a team or a board. think this is taken for granted.
Agree0
Disagree0
Fonz all I can say is sit on it (ur mouth) walter smith is beyond reproach he was there when the investigation was carried (cost £500000) and nothing was turned up only thing u can say about walter is he was a wily old fox and retired before it all came to pas same as sir alex at Manchester United but u can't blame them for that
Agree0
Disagree0
@ SG75 I can think of 800k reasons why Ally was the only Rangers man left in the building. That and his free shares. FFS wake up. He backed every spiv in the place in order to dupe fans out of their cash. Now if he was too stupid to understand what was happening then maybe he should have kept his gob shut. but I don't think he is that thick. he managed to bag himself a massive salary so he knew well what was occuring and said nothing because the cash was rolling into his bank. it may be hard to hear but that is the facts when it comes to Super Ally.
@ lbj d So then by your logic its fine and dandy that Walter walked off into the distance without giving fans any kind of warning. When he stepped down he could have made public knowledge anything he was privy to at board meetings. He could have leaked it to the press. They only thing he did actually do was convince fans to part with their cash. Beyond reproach get a grip. He was either to gutless to tell fans what was going on or he was complicit. Again it might be difficult to hear but that is the facts when it come to Walter. Why point the finger at everybody else when there is plenty of blame at the feet of so called rangers man & legends
Agree0
Disagree0
Fonz, Was mccoists contract not TUPE'd over?
Anyway you're clearly mad if you think the guy that manages the team is responsible for corporate governance. By that reckoning advokaat is the worst of them all. he spent 80 odd million (and maybe got 30m back) in 3 years.
Ask this. why were we The HMRC test case? Who was the source of the leaks? Why were Lloyds so keen to get their money back? Why the delay announcing we'd won the BTC. Did SDM not know about whyte? Did whyte not know about green?
We might never know the answers. but we need to survive.
Blaming coisty and Walter doesn't help anyone.
Agree0
Disagree0
Another thing fonz, you're going on like mccoist has masterminded this entire scam.
Overpaid yes, conman no. Get a grip.
Agree0
Disagree0
02 Mar 2014 13:22:11
Deflecting away from our critical dave king v the rangers board civil war for a second I've heard the same story as another poster who posted several days ago about who our new chief scout is going to be, I've been told this morning by a shareholder who's usually in the know that neil mccann has been offered & has already accepted to become rangers new chief scout and will take up his new position at the end of the season, I think this is a very good & shrewd appointment as mccann has a very good, sharp, football brain, he knows a player when he sees one & is very good at coaching young up coming talent which we're going to have to rely on very heavily, just look at the terrific job mccann is doing with the dunfermline youths, your thoughts on this fellow bears if you please
Believable0
Unbelievable0
Big ram, I've also hear this rumour going around I also heard ian durrant will be assisting mcann have you heard this.
Agree0
Disagree0
Always found the lad to be diligent in his football duties and spoke with integrity. So I would be happy but will not hold my breath about any appointments at this stage of the proceedings' BR.
Agree0
Disagree0
Yip my sons mate, a centre back (no names)at Dunfermline, has been getting plenty attention from scouts enquiring about him this season.
He says: McCann has told him to talk to nobody until the end of the season, and that if things go to plan he would be joining a big club (wink wink) as there chief scout, and would guarantee he would get him a contract, and a definite place in the team as the centre backs they have at the moment he doesn't think will
have the pace to compete in the championship.
Is it a hard sell? or has he been given a mandate to approach the player on the quiet!
bluebeard
Agree0
Disagree0
Would be a great appointment
Agree0
Disagree0
@4. The next appointment looks like being the administrators
Agree0
Disagree0
It canny be that much on the quiet even worse now uve posted it on here it its right player and neil macann could be in bother ie tapping up
Agree0
Disagree0
{Ed039's Note - Thats why we are a rumours site)
02 Mar 2014 07:46:43
Does anyone know if Lewis McLeod is injured? Seems like he's been out of the team for a long time and it's showing.
I'm not making excuses for the team but the off field drama must surely be affecting some of the players by now and nobody's in a celebratory mood. I'm with most of the fans' and the ed's input here in that I was shocked by Ally's comment that we might not win the Championship next season with the current squad. Which opponent is better than us? I started the season as an optimist, now a realist fighting pessimism off but I don't get that negativity at all. We must be odds on favourites by a mile and a half.
Believable0
Unbelievable0
For the wages they get to play off field drama should noy affect them especially if the manager does his job
Agree0
Disagree0
Lewis McLeod is injured, are you kidding on? Your with most of the fans input? Going by here, we are p**h every game, so why are you shocked? Ally is agreeing with everyone, or does that not suit you.
Agree0
Disagree0