03 Mar 2014 13:40:01
With King arriving in Glasgow next week does anybody expect him to make a concrete effort to gain control by securing shares and giving him a voice on the board and enabling him the power to take over and restore us
No. I don't think he can get enough money out of SA to take control by himself
No, he's too busy trying to run the place without putting any money in.
if he wants a say he needs to buy shares which i'm sure he has had the opportunity to do like the rest of the world.
giving him the season ticket money wouldn't be what I would advise. not only do you risk losing your seat but you also risk losing the money for it too
I have saying d king wants us all to be mugs I canne understand how people cannae see it he has made a stement but with no detail of what he is going to do as for saying he cannot take money out of s a that's a loadn of s? his money he can take it whereever
Why would dk put any money in you would have to be daft even as a fan to put money into their just now. to many questions need answers at the moment. you heard him say "once fooled shame on you. twice fooled shame on me" he's had his fingers burned before. we need investment yes but answers must come first along with someone with an ounce of credibility in the boardroom
@3. Yes, he technically can, but he needs tax clearance from the SA authorities to do so
@ lbj d I was like you initially impressed by Mr Wallace but could I suggest to all bears who are not yet convinced that change is required in the boardroom to read the article in the Rangers Standard
"Laxey Loan Alternatives Ignored"?
The club could have obtained an unsecured loan at far lower rates from our own season ticket holders working in the city. One chap would have even provided the £1m from The Hedge Fund pirates on his own.
Those of us who saw our old small unimpressive chairman thuggishly trying to shout down the gang of 4 at the AGM at Ibrox will note he is returning to type today with his bullish challenge to Dave King to meet with the board and explain himself.
Mr Somer it is you and your board that needs to explain yourselves particularly after further endangering the bricks and mortar that house our history and which you have no knowledge of or feeling for.
And finally Scotland is full of wee hardmen. We are not impressed by the act so start upping your game or clear out.
Full answers and full disclosure of facts or nae season ticket money from this bear
I think initially DK and the fans just want answers to some pretty basic questions, don't know why they want to chat to DK, just publish the interim accounts.
Long term DK does not want cuts to the playing squad, he wants investment to cover any losses, and this means a share dilution.
The rumours of the last month are suggesting the shareholders are planning to put Rangers into administration, and I don't see any evidence to suggest this.
@1 and 5. he has settled all issues with the south african authorities, and is free to do as he wishes with his money. I wish people would stop spreading misinformation.
Nbear I just read that article, well spotted.
So we have Wallace accepting a secured loan at 30% APR, while turning down cheap or free finance from at least 2 other sources, 3 if we include Kings offer.
He's also going on about trust, but won't answer a) is green still involved b) whos behind blue pitch and margerita c) why have the easedales so many proxy votes?
Wallace has a decent reputation, why is he risking it at ibrox?
04 Mar 2014 10:28:09
@8 DK was convicted of over 40 very serious criminal offences. He was given the option by the court of 82 years in jail or else stump up the tax he had dodged. In saying that he "settled all issues with the SA authorities" it's you that's spreading misinformation. "Settlement" usually refers to an out of court agreement, not paying your dues after conviction when you otherwise face being banged up for the rest of your days.
@ 10, I agree he was convicted and paid his fine. I had no intention of misleading. my point was that king could do what he wants with his money now that his fine has been paid, and is no longer under any finacial restrictions from the south african authorities.
04 Mar 2014 13:15:12
@pb. I believe DK always had the cash set aside to pay wotever sanctions were put in place against him. He was always confident and said at the time he was happy to wait for the decision and pay the price. Which ultimatly wasnt as high as was feared. DaveKing has already hande Ranges many millions. He has already warned us of googleyes and the yorkieratbag. He also begged minty not to hand our club over. To my eyes he is the man for us. Imo
tomblue
04 Mar 2014 20:40:21
@11 Glad we agree. I just don't like it when I see the word "settlement" used to describe DK's paying up only after conviction. Not sure if he is under any financial restrictions but its not hard to believe some such restrictions could be imposed on a serious tax cheat like DK as @5 suggests. Can anyone else confirm if that is true or not?
@12 You make it sound like DK was fully compliant with the whole process, "happy" even to help it along to a fair and reasoned decision. Not the man who tried his best to unduly influence that decision through his "glib and shameless lies" under oath in court. Yeah DK's a reasonable guy, I'd trust him all day long any day. Unless I was a judge. Or a tax collector. Or a lie detector.
@ SG75 I don't know the reasons for Mr Wallace taking on the job but suspect it was pound notes and promises which sums up our club at the moment.
But if you heard Radio Scotland tonight it is actually worse than we first thought. The rich Gers fan was asked if he could produce the £1M that day.
Two ways of looking at this (1) they whoever they are always wanted to give Laxey this power and this was just a way of puting the chap off providing an unsecured low or no interest loan or (2) We are in more caoch/ shyte than we all thought we were.
N9 it was charlieboy that said he would sell his shares to the easdales but he has not also about mr wallace he is here because the people with the secret shares think he is the man to make them most money and I would bet charlie boy still owns most of his shares but its this boards secrecies that will be there downfall I would prefer dk as we all know he has the clubs best interest at heard
I think I must be missing something in the various statements coming from - or via - Dave King. 'Good Governance' and 'Financial Transparency' are a bit rich coming from a man with his recent business history. Many people on here have stated that you couldn't trust the Easdale brothers - are you sure you can trust Dave King?
N16 dave king never agreed with the tax people in sa he said his bill should not be what the tax people were demanding so it got sorted eventually he paid what he was really due that's it end off tax people happy he is happy he only done what anybody in that situation would do he queried his tax bill done sorted end off
06 Mar 2014 13:47:23
@17 The judge described DK as a "glib and shameless liar". He tried to mislead the court by telling lies. He lied without any shame. That's not quite the same thing as "querying his tax bill" as you put it. When someone faces an 82 year prison sentence it's usually because they've been very naughty indeed. Why do you feel the need to defend him like that, you sound like his mother.
N18 if it was so serios why not jail him and ime sure with him being a glasgow man he he's been called worse lol and ime not his mum ime his great great grannie on his mothers side