Rangers Finances 2


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08 Dec 2016 22:52:14
Does anyone know when the court hearing is regarding the club and mike ashley's sports direct? I know its sometime this month! Just hope it rules in dave king's favour!

Agree1 Disagree6

11 Dec 2016 10:53:07
Not too sure, but expect a few more years of tit for tat court cases. It ain't going to end soon, let's hope I am wrong though.

19 Dec 2016 14:10:48
if its gonny take a few more years then we may aswell forget the cases against him and just live out the rest of the 7 year notice that's in place and save ourselves money in court cases.

I just hope you are wrong and its settled before the start of next season.

23 Dec 2016 21:34:13
Whyte was in court and pleaded not guilty to his fraud charges, and is listed to appear in February 2017, in Edinburgh.
This case is where everything will unravel.
If green is found to have duped whyte, then you may find his tenure was illegal, then all deals were invalid and any other transaction would be dubious.

24 Dec 2016 14:32:56
Yep Billyb will be interesting how things unwind in court. I am confident that irregularities will be found and we will end thie season with off field clarity and in a stronger position. Happy Christmas.

24 Dec 2016 19:41:44
Note going to make a difference unfortunately. The court case relates to Whyte's purchase of the club from David Murray so no relevance to current set up.

25 Dec 2016 17:48:28
Happy Christmas ABHABH1. Have not seen you or your pal Mullad for a while.

26 Dec 2016 15:11:02
Cheers Fd. Happy Christmas to you too.

27 Dec 2016 16:04:29
The most likely outcome is what it always was going to be - Whyte guilty of false accounting.
Anything else is not capable of proof and any further court action would be in my opinion a waste of money.

28 Dec 2016 23:10:57
Not sure false accounting is included in the charges against him. Think it's going to be a really interesting trial. Murray already had a relationship with ticketus so that alone will be riveting.

30 Dec 2016 20:00:13
Stephen, I think you will be surprised at what comes out.
Interesting times ahead I am led to believe.

19 Jan 2017 14:43:09
billy your right there is hope that a link from whyte to green and ashley before the fraud with ticketus proving that any deals between ashley and rangers would not stand as far as s d m links to ticketus who in fact are close bros who in many other guises provide invoice financ vehicle boat garage stocking loans etc

08 Dec 2016 00:45:44
Some of the comments about Dave King are unbelievably short-sighted.

The man along with Murray and co. brought us back from the brink of oblivion.

Patience is the key word - if we finish 2nd this year, it's another achievement/ milestone on what has been a tortourous journey.

Behind the scenes, King and his men are working tirelessly to get the club back to a solid, stress-fee foundation.

From that point onwards - Rangers can build, invest and enhance the brand.

There's no getting away from the fact that the Club's brand has been tarnished over the last 4/ 5 years.

So the general perception across the world is tainted - changing that doesn't happen overnight.


Agree27 Disagree5

09 Dec 2016 14:48:41
Top post hammer.

06 Dec 2016 18:55:20

In follow up to the AGM vote on Resolution 11 DK said he would be following up with shareholders including those that may not have voted (like Ally McCoist) to assess and discuss how to move forward. Can you advise on next step, when likely to be clear and if the decision is reversible.


{Ed039's Note - The decision is not reversible, he probably wants to meet with them to find out why they didn't vote and what it might take to get them to vote in favour next year)

Agree0 Disagree1

06 Dec 2016 19:00:16
Thanks Ed.

07 Dec 2016 11:58:25
Ed have you heard anything about why mccoist didn't cast his vote. It's no secret on here that I think mccoist is a money grabber. In your opinion would his not voting be money orientated.

{Ed039's Note - I don't know how him not voting would be money orientated because he has such a small shareholding, nobody has said anything to me and this is just a small "conspiracy theory" from me, but I wonder if part of the deal for his penny shares was/is that he could only vote a certain way or not vote a certain way, that's just a theory, no substance to it at all)

07 Dec 2016 19:39:23
I thought that when Coisty left, he handed his shares to a supporters group East Kilbride or someone for proxying so they would then have the decision for all voting?

{Ed039's Note - I remember that being reported but it obviously cant be the case if no vote was cast)

08 Dec 2016 08:40:08
Peter, I thought that was for a one-off vote.

29 Nov 2016 21:29:39
Looks like kings popularity is on the slide. Not much being made of the fact 46% of the shareholders didn't vote for him to be re-elected to the board. People starting to see through his lies maybe?

Agree9 Disagree11

30 Nov 2016 12:26:48
guy came in to a club and has turned us around yes with soft loans and such but he has come into this club to try make us great again.

the fat rat and the ars*holes that where in charge before are the ones that done all the damage all king is doing is tryin to get us back to where we belong but he has both hands tied behind his back because of the previous regimes.

all you guys that want this and that and the next thing from him have no idea what it is like to be in charge of a football team that has no revenue for income.

then we get all the fans that expect to be back at the top of the game straight away.

get a grip and get real. the only thing we can do is support and be patient as these guys in charge just now have an extremely hard time just to keep the gates open.

30 Nov 2016 17:40:54
Don't think anybody expected to be at top of game straight away! With the money he spent in summer think most of us wanted improvement! That's not happened in fact we've went way back the way! Spent way more than anybody else outside of celtic and look no better than a Hamilton or Partick that's why people are starting to clamour for a change if results don't pick up.

30 Nov 2016 18:00:57
@james stirling

I can see what your sayin mate but got to agree with bbayr yes he's done and doing and trying all of what you mentioned but isn't that the bear minimum standard requirement of a chairman? He knew most of what he was getting himself into and tbh I think he must be startin to regret it because quite frankly we haven't a pot to piss in, yes second highest budget but how much higher than aberdeen/ hearts? Add on his brash statements and a few rash decisions he talks radish james plus where is this transparency? The childrens inheritence? The money to challenge celtic this season? Only reason we got our hopes up as fans for this campaign that we might be able to mount a title challenge based on what be said instead its mediocre players bought on a tiny budget and considering the players that left off the wage bill which he said he was going to treble it probably hasn't budged he's throwing money into a black hole with the other directors unless things change which I can't forsee and guess who will be left to pick up the peiecs again.

30 Nov 2016 19:10:59
Do you think maybe he lied to sell season tickets, surely he wouldn't have, he's a real rangers man after all.

30 Nov 2016 19:20:15
Guys, no body has lied and the temptation of rush to judgement does us no favours. Get fully behind the manager and the team. Good we all comment and express opinions but to soon to fully judge. Good to see Crooks playing tonight. Good luck to the boy.

30 Nov 2016 21:20:00
Spark74, where are you getting the percentages from, that 46% of our shareholders didn't vote for dave king? I'm a shareholder and was also at our agm. Check your percentages again and try halfing your 46% to the shareholders who didn't vote for king!

01 Dec 2016 11:48:03
71% of the shareholders voted. 29% didn't vote either way. Add the shareholders who voted against king and there's your 46%. It's just simple arithmetic mate.

01 Dec 2016 17:34:49
all the talk of buisness plans etc are not worth the paper they are printed on if u can't put bums on seats which will happen for next years seasons books unless there is a massive improvment honestly warburton blames bad defending which on the whole is correct but management have watched this for 2 seasons without being able to remedy it but as they say lessons have been learned but as far as i can see nothing has changed i think we should change manager before transfer window in fact i would consider robbie neilson or or possibly mac innes because warburton will end up like deia.

02 Dec 2016 23:50:29
@largebill - you do realise that any new manager is stuck with the same group of players as we have no money to change the personnel.
Would we not therefore be better sticking with the manager who bought them to see if he can turn it around?

29 Nov 2016 21:28:57
Has nobody read between the lines regarding this vote the directors failed to win? We deperately needed it to pass so we could start the new share issue and raise funds for the rest of the season and the summer the directors have put in £10 million of there own money in soft loans rememeber they are moderatly wealthy they can't and won't keep throwing there money into a black hole, hope i'm wrong here tho, investent is needed badly now but there is just no return for any investors right now if there was they would have already.

Agree3 Disagree0

30 Nov 2016 12:29:19
that's why if possible we should sell the naming rights to the stadium to red bull and try get them into buy us away from the fat rat. lol

by the way I know that's never going to happen we aren't that lucky.

28 Nov 2016 20:11:15
Regarding not getting the vote over the line
Where does this leave our funding plans.

As it seems very unlikely we are going to won't offer easdale and Ashley shares
So can not see us going ahead with more
Shares for original investors.

Agree3 Disagree1

28 Nov 2016 16:26:53
Statement Released on Resolution 11

The votes For Resolution 11 were considerably higher than the Directors had anticipated and resulted in an increase of c.1.9 million votes for the Resolution based upon last year's AGM vote. This was almost enough to see the vote carried as a special resolution. The Directors will consider carefully shareholders' views on this vote, consult (where practicable) with those who did not vote or opposed the Resolution and identify the Company's next steps after that process is complete.

For - 43,454,429 (74.6%)
Against - 14,795,321 (25.4%)
Total votes cast on the Resolution was 58,249,750. This represents 71.5% of the Company's issued share capital.

Agree1 Disagree0

28 Nov 2016 14:48:33
Anyone else such a pessimist to think these rumours are 'spun' because DK is hoping to sell?

If he gets anywhere near his 20 million back he'll walk.

I get a feeling we're still so financially disabled we NEED a powerful buyer to come in and invest heavily.

About 30 mil will do. thank Kingy!

Agree3 Disagree5

01 Jan 2017 18:15:31
We need 15 million of stadium repairs the fat man wants his 5 million in court so where's the money going to come from?

28 Nov 2016 13:15:37
does anyone know how much it would take to buy out the fat rat and terminate his contracts.

how many millions are we talking here? 10 - 20 mill? any rough idead
and has anyone got any money that is willing to do it? lol.

Agree0 Disagree5

28 Nov 2016 16:59:49
25-30 million would probably do it.

28 Nov 2016 17:02:26
Maybe more if you want to rent the superstore for the next 10 years.

28 Nov 2016 19:18:35
Ashley won't sell anything as he will continue to be an obstical for Rangers as he does not like Dave King. The money is not an issue with him he simply does not care and will continue to try and get a seat for one of his team inside Ibrox!

28 Nov 2016 22:46:15
Can anyone tell what DK invested 20 million in? can't seem to find that sort of investment anywhere? / 5mill to Ashley not all DK. if any. the few millions form Hong Kong . not DK. so how is it 20mill? or is he counting his shares etc or perhaps everyone else loans ie Park etc? think he may have invested soothing but can't tell because his transparency that was promised at the time of his "takeover" doesn't exist. think the honest fans have dodged a crooked bullet in the share issue vote.

01 Jan 2017 18:20:04
The south African government want allow DK to take any money out of south Africa for outside investmens, he has lied to all of us . P7.

25 Nov 2016 13:01:14
ED any truth in Red Bull investing in our club? What's everyone's thoughts on this?

{Ed039's Note - For them to invest in the club shares would need to be made available for them to buy, for that to happen Resolution 11 from the AGM will need to be passed which I would be extremely surprised if it did as Ashley/Easdale block of shares will vote against this resolution, if they bought shares it would be from someone selling their shares to them in which case the money they use to buy the shares would go to the seller and not the club. The only option open to any potential investor right now is soft loans or sponsorship, and soft loans is not investing)

Agree2 Disagree2

28 Nov 2016 13:09:02
well since our own legends have f*cked us from resolution 11 then I will take their sponsorship deals and give them naming right to ibrox so we can get some kind of investment.

is this something that is possible ed?

{Ed039's Note - not really)


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