Rangers Finances 2
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07 Feb 2017 20:39:02
It's a f*cking farce that the rangers chiefs are not falling over them self's to offer Kenny a new deal. He has been an outstanding servant for this club. I really don't know why they have given players like tav and keirnan new deals when one of our shining lights this season is being left wondering if they will even give him a deal. rangers are being run by clown after clown these days and I don't see dk or pm being the solution to our problems. I think they are causing more problems than solving them. I wish dk would keep true to his work and show some transparency.
07 Feb 2017 21:53:30
Maybe there is a far better option that they are working on? Is it possible that there is a positive plan that has to be kept quiet or does it always have to be negative?
07 Feb 2017 22:00:50
They have no cash, no potential investors and are totally dependent on US. Time for cards on the table Mr King, or else you are on your own.
10 Feb 2017 17:18:29
billyb, your sunny disposition has been missed!
"US" falls £6m+ short every year - if DK and his board were to walk away who else will top up the bank balance given the other shareholders unwillingness to do anything and MA continuing to take everything out of any retail sales?
10 Feb 2017 21:09:15
Cheers BR65, I'm glad you missed me.
Is DK still with the club or will we have to extradite him?
And please stop using MA as the fall guy, because if DK had played his cards better we would have had a share of the merchandising. Certainly much better than the losses we incur at present.
07 Feb 2017 18:07:11
BDO's attack on Duff and Phelps for £30million will open a can of worms. So let us sit back and wait for a potential roller coaster.
07 Feb 2017 22:36:01
Always thought administration was a farce. In every other football administration ever (hearts, motherwell, livi) the first thing that's been done in every case is a fire sale of players raising immediate capital. We sold no one, and were sitting on a minimum of about 30million quid of talent at the time. That could have prevented the whole sorry mess in the first place.
08 Feb 2017 11:01:14
The only farce is your club, you're player's were sold to Charles green, stadium, training ground all for £5-£6 million and it was liquidation not administration 😂
08 Feb 2017 19:10:02
Will be interesting, any monies received in settlement will go to the creditors pot.
09 Feb 2017 09:07:17
It certainly should Fd. However, taking the upcoming court case, involving whyte, into consideration as well, then we will get a better appraisal of exactly where we stand.
27 Jan 2017 10:14:50
Has anyone heard anything regarding us about to announce a new big money kit manufacturing contract with nike? I heard earlier rumblings that king was making an announcement regarding our club, within the next 2 days! I do know that king was over in glasgow and attended a board meeting yesterday! Time will tell on this one!
27 Jan 2017 11:12:29
Coop. not holding my breath, but that would be best news since getting our club back
27 Jan 2017 21:40:24
I thought u said it was underarmour coops! Too many people on here just post things they dream up. I'd love it to be true btw but think company's will shy away from us till sports direct fiasco clears up
27 Jan 2017 23:32:38
Dave King's already left Scotland so bang goes that theory.
27 Jan 2017 23:59:54
Aye apparently Knorrs are going to be our knew sponsors because we are a laughing stock
28 Jan 2017 12:42:34
or was it New Balance that you said also supercooper. lol. nike or adidas won't come near us with the problems that are there between existing shareholders
28 Jan 2017 13:07:33
One of them shall come true one day supercooper. Think you have only got slazenger left to mention.
29 Jan 2017 12:55:13
Supercoop I would never ridicule a fellow bear it's pretty obvious you love the club but I'd hold back on some of kit deal rumours that people are telling you.
05 Feb 2017 12:06:16
Supercooop can you or anyone please tell me how getting a new kit manufacturer will change anything for us financially? Not joking someone let me know how something like this will help us.
I still think that there is a solution to getting round this Ashley deal! thought it would be easy to set up a separate deal with a manufacturer to produce a strip we would wear instead of current one as we own crest.
Could keep 32Red as sponsor as I do not think they would really care who makes kit as long as they were being advertised, WHY! is this not the case? as long as we submitted the top at start of season surely King could set up a deal with Kappa, Under Armour or whoever!
to produce a top to then sell in specific stores. I think this mess could be ended well before the end of our co. tract with Ashley as I hope the whole scenario will bore Ashley and a deal can be thrashed out as this merchandise issue is a huge weight around the clubs neck not only affecting income but investment.
its disgusting disgraceful. Does any Bear out there know or even think that this will end soon?
05 Feb 2017 19:13:33
I think Andy, the best thing to do is be prepared for the worst, that way you won't be disappointed. They have us by the proverbials, I am afraid.
25 Jan 2017 11:50:10
Do you know the negativity on here is so depressing, every fan is entitled to their opinion, but I would ask use this, our board hasn't taken a single penny out the club, they have worked the last 2yrs without taking a wage, they will all be annoyed the same as us that they can't get investment into the club, and that because of certain people who are holding our club to ransom, we all know who they are, I wish more fans could see this and get behind them more.
25 Jan 2017 13:08:28
Wait a minute Delboy1979, you can't just come on here and pass positive comments about our board willy nilly!
Also, this quoting facts that clearly support the boards good intentions and challenges that we face. well that's just not cricket!
Bring it on!
25 Jan 2017 18:47:55
Quoting facts, positivity etc. etc., you should take a step back and be realistic about where we are and how we got here. Well it is time for my typing finger to take a rest again and leave the floor clear for the "ostrich" boys. Just one word of warning ------ remove your head from the sand overnight, just in case of a really severe frost.
Just a thought, on a couple of the questions I have been asked:- 1. Terry Butcher for manager. 2. Graeme Sounness for Director of football. 3. Donald Park or George Letham for chairman. 4. See the season out with the current squad, and if offers are made get shot of Tavernier, Waghorn and Kiernan. 5. Hopefully get the court cases out of the road and then have clear playing field. and 6. Get a nomad and listing before next season begins.
Also win our next 8 games and consolidate our position for Europe next season.
25 Jan 2017 20:16:53
Billyb, you points 5 and 6 are exactly what DK is trying to do but in the privacy of the boardroom.
I don't see how Butchers managerial history puts him as a decent candidate to replace MW
Souness is too long in the tooth and would not add much
Donald Park or George Letham are both Ken members of our board currently and must accept collective responsibility for the current situation.
Ditto on keyboard btw, only time will tell if your constant negativity is on the right track or whether my more positive support is realistic.
At the end of the day I guess it makes not difference so long as the club gets back to the top of the pile in a scotland with a strong foundation for future success
25 Jan 2017 21:24:03
BR65, this is my last post for a while as the repition is boring. What I will say is I have my doubts about your faith in dk. It is nothing to do with Butcher's track record, it is the respect he holds in the footballing world, and especially in our club.
I would trust DP and GL with my last two bob, and they have done everything, and more, that's been asked of them. John Gilligan is also a diamond.
With your penultimate paragraph you cannot help yourself about the digs on negativity, but when time tells I can only be pleasantly surprised and you massively disappointed, depending on the outcome.
At the end of the day we are both bluenoses, but even some of my mates call me Victor Meldrew. Cheers mate.
25 Jan 2017 22:21:28
billyb, have I just read your post to mean you are recommending Terry Butcher as replacement for MW. Your having a laugh!
26 Jan 2017 20:07:41
Terry butcher sacked from nearly every job he's ever had. Terrible manager
27 Jan 2017 07:45:49
There's a split in the boardroom, everyone knows that . Why has Soutar and Kennedy been approached can anyone explain this, one of the Dave King supporters why don't use explain. Simple he isn't willing to invest or hasn't got the funds available now majority of fans want Dave King to sell up, am I right?
27 Jan 2017 09:38:08
@billyb - so you're touting Butcher for the job not on his ability but because he's well known? Thank goodness it's your last post for a while if that's the nonsense you're coming away with!
27 Jan 2017 20:57:24
In the absence of billyb, most of the points he makes have some merit and are worthy of discussion. Just don't get the Terry Butcher proposition. No doubting he was a great captain and leader for Rangers and England, but as a manager he has not really cut it. In fact in his last stint at Hibs not only did he take them out of the SPL but was reported to have lost the dressing room. Whilst listening to him now as a pundit bantering with that clown Sutton is occasionally entertaining a prospective manager of Glasgow Rangers he is not.
20 Jan 2017 21:25:07
Hi to all bears, is there any reason why we can't all put the cash we would all normally spend on shirts and merchandise into a fund for the supporters trust, and donate this to the club as a transfer fund. Thus would bypass
21 Jan 2017 09:01:06
Its a good idea in principle, but think the way for the moment is to buy up as many shares as possible, so our club don't go through the hell it went through again. by being a major shareholder, the likes of easdales and co wouldn't get a foot in the front door.
21 Jan 2017 20:08:38
Then you would be funding the club. Why not just double the season ticket charges or offer soft loans like the directors and investors.
John, you must have plenty of spare cash to throw it away like that.
Laudrup, I am not a fan of the Easdales, but there are much worse than them out there. A better bet would be to buy the Easdale's shares and other like minded investors. This would guarantee a new share issue, but with two major flaws ---- 1.The price might frighten you off and 2. Do you trust DK to come up with the listing and share issue?
21 Jan 2017 20:24:39
Changing subject a bit, any insight on Ally McCoist and why he did not support the AGM resolution that would have enables us to issue share capital on a controlled basis. in his investment company he has investments of 3m pounds last year, which may include his value of the 1.5pc that I understand he holds in the club. Can't think why he would not have supported the motion unless he is under personal pressure financially or supports an agenda for the club that none of us or the board support. I have always been a supporter of his and believed he was true blue.
21 Jan 2017 20:41:28
Fd, that is more shares that could be bought. Offer him 5p per share and then you will see the substance of the "legend".
A factor that many have ignored is that many ordinary fans MAY have not voted for the share issue, in order to protect their original investment.
21 Jan 2017 20:45:22
Billyb, a supporter comes up with a possible solution for the club but as usual you only pick out the negatives. You really need to get out more!
Rather than constant harping on here, why don't you share your vision to transform our situation on the pitch and financially?
You are going to be ridiculed if you pitch something that is unrealistic an fanciful, you must take into account our precise situation and not base it on dreams.
We're waiting for your masterplan
21 Jan 2017 20:58:35
Billyb. there's worse than the esdales? they single handedly knocked back dks bid of 18 million. they knocked back brian kennedys bid in favour of the fat frog. kennenedys bid secured ibrox and asked for 1 director. frog asked for 2 directors and a million less. they backed the wrong horse and lost. courting people wanted by interpol lol. awww realy.
21 Jan 2017 21:26:06
For me the easdales, green, whyte, frog are all cut from the same cloth and none of them had or have our club's interest at heart. My point is that I don't believe Ally McCoist to be one of them and therefore find it difficult to understand why he would not support motion at AGM.
21 Jan 2017 21:49:26
Fd. dito. ashley on here now for his ego. simple. but you'd think sports directs shareholders would be telling him, his personal vendetta not good for buissness, weither his personal shareholding or his spd share holding. he's brought king to court and lost 3 or 4 times. our next case will shed light on which way the contracts will go.
22 Jan 2017 09:33:24
BR65, The "possible solution" is a non starter, but you are so blinkered you will back anything.
Being a bluenose does not mean accepting everything that the club does, without querying the logic.
As for the other comments, the term I would use is "selective memories".
To produce a master plan we must have total clarity on all the facts, so obviously DK is in the pole position of having these details, with very little facts available to the general public. All we get are opinions and "insider" information, neither of which are reliable.
One of the problems being the fact that we are not listed, where our executives have to advise us of financial developments
Yes Laudrup, I agree that the courts will, hopefully, shed some light.
22 Jan 2017 11:00:20
I for one are not "blinkered" when it comes to King and the current board, but do believe them to be rangers men with the clubs interest at heart. That was not the case with easdales, green, whyte or Ashley.
22 Jan 2017 12:40:23
Fd, I did not say you were blinkered, you give an opinion different to mine. However, I do think that sometimes you have a selective memory, as do most of us I would add.
I have no time for the Easdales, but in my opinion green, whyte, ashley, dmurray and others [ not yet named. ] have done far greater damage to us.
As I have said, many times, there is still a hell of a lot to come out about events since the £1 sale. This IS an area that I do have sympathy with DK, as I believe the gagging clause includes events during this period.
Hopefully, these events are clarified during the court cases but I will not hold my breath.
22 Jan 2017 12:54:02
OP. I don't see why fans can't donate to the club in whatever way they want although I would like to know the legal rights of the people prepared to help out financially.
And on a related point, does anybody know what is the score with the Fighting Fund money and what use is it doing in the bank account of the Rangers Assembly?
22 Jan 2017 12:56:37
No one outside of any board of any club or business has all the facts an you are unrealistic to expect them. There is a major standoff pending legal arguement about the legacy issues that cannot be resolved quickly. it would be madness (if not illegal) for DK and co to divulge their strategy to the public.
Accept what they say, acknowledge that we cannot transform the club overnight but are on an upwards path.
Whether history will be kind to DK and co in the future remains to be seen but I personally feel that the club is in a far better situation (for the future) that it has been for many years.
Supporters should support
22 Jan 2017 15:55:25
Thanks for the well intended advice, BR, but I will stick to my own way of thinking and debate with others that offer an opinion to discuss.
22 Jan 2017 18:45:01
19 Jan 2017 09:06:53
for all those people that go on about king and co not putting any money in to the club where do you think the money came from to pay of ashleys loan and do much needed repairs to the stadium, pay off all the old backroom staff bring in new coaches and management team, pay lawyers for all the cases that are going on where did all that cash come from?
19 Jan 2017 10:06:17
That question is to difficult for the "supporters" who find it easier to be negative.
Much easier to dream about the past and live in the unreal world than accept the facts and our current situation.
20 Jan 2017 18:52:22
For the life of me I cannot believe how blinkered our support have become.
This is the very thing that has made us a soft touch, we are so desperate to be the best, that certain people accept the false assertions that are made.
Murray treated us life fools with a series of lies. Yes, we had some great European nights, 9 in a row and many triumphs in cups, but when it came to the crunch he tossed away like a dirty rag.
Whyte entered and we backed him, we backed Green and now we back King, with the first two ripping the rubbish out of our club and the third hanging by a shaky nail.
Are we better off? -- In my opinion we are at our lowest ebb, ever.
20 Jan 2017 19:42:38
No way mate we r way better off than we were with Llambias, the Easdales and all the carry on that was going on 18 months ago, seemed like the only investors we went for then were from interpols top 20 most wanted and that's when Ashley started strangling the life out of us! So no way are we in even close to a similar state now
20 Jan 2017 20:10:26
Well Peter, how do we get investment NOW. Nobody will touch us with a bargepole. so do we accept an offer for MacKay to keep us ticking over and hope for 2nd. in the league, the court cases to go our, get the company listed and hopefully generate some trading, in the hope that we could eventually create a further share issue. Or will be scramble through the rest of the season and await another injection from our season ticket income.
Maybe DK has a master plan that will spark some generation of cash. I hope so, but I really do doubt it.
21 Jan 2017 09:21:50
Billyb. we have stabability. something we didn't have for 5 years. no looming threat of admin 2.once ashley is gone, a lot of doors will open for us, investment, sponsorship. as for your earlier post of dreaming of the past, its this very principle we have to strive to get back too, in a safe and proper way. with our history and the mass support we carry, this will be achevable in the future. get the english monkey of our back and our club will grow in every department.
21 Jan 2017 11:30:45
Agree, stability and strong foundations are being put in place now after 5 years of woeful leadership. Pity about the AGM vote (shame on AM) that we did not get required vote to enable controlled share issue. That should not be allowed to happen again this year.
21 Jan 2017 20:11:32
Gents, please tell me where the stability is within our financial predicament? Being blinkered to DK's actions is no excuse, we are really, really vulnerable at present.
21 Jan 2017 21:00:43
Billy apart from the 30 million woth dk. please stipulate blinkered?
22 Jan 2017 12:56:42
Laudrup, The backing of the season ticket boycott, thus reducing the interest of potential investors, as the share price fell, and almost bringing our club to its knees. The lack of a nomad and subsequently the removal of listing on the stock exchange. The third, and probably most contentious, was his dealings with ashley. The merchandising deal is obviously legal, although the terms are onerous to the club. In these circumstances, the directors, who signed on the company's behalf, could have been charged with failing to protect the shareholders' interests, as is one of their fiduciary duties. In these circumstances, I believe the deal could have been shelved.
15 Jan 2017 11:37:55
Peeps, where do we currently stand with the contracts with sports direct.
Is it stalemate for the next 6 yrs?
can we get out earlier then the 6yrs?
the rumours about underarm etc any truth
It seems to have all gone rather slow news wise.
Anyone in the know?
15 Jan 2017 16:46:11
As I understand it. The SD contracts are due to run for the next 6 years. RIFC have given the required contractual notice to terminate at that point but have also taken SD to court to challenge the legality of the contracts. If successful then contracts would be terminated and if not they will have to be honoured.
I could be wrong but think this is right
15 Jan 2017 19:02:08
Mols, i have the same understanding from several individuals with corporate experience of commercial contract law, and their interpretation is that sports direct have a case that requires scrutiny and one they can win, now my background is criminal law enforcement and i know from experience that things that look a slam dunk, often get ****ed by some wide eyed barrister with a different agenda.
Rangers won't know their fate until the establishment decides to announce their fate.
16 Jan 2017 00:22:42
Your assessment is likely correct. I am no lawyer but have experience of fighting adjudication and arbitration proceedings in contracts and know that the results are never clear cut one way or the other.
Regardless of the result, Rangers have to gamble and take this action as the club is slowly being destroyed by these contracts.
17 Jan 2017 09:55:40
The ones that should be in court about these contracts are the directors that signed on behalf of the club. Always remember that they have a legal responsibility to act on the best interests of the company and it's shareholders. In this case they obviously signed for self gain, unless sd provided some sort of benefit to the company over and above the commission currently being shown in the accounts.
Apart from that I don't see Ashley's lawyers not covering their ass, and all will be above board. The fact that the terms are onerous and their is no exit clause for the company, would appear to be down to the the club directors that signed the contract.
17 Jan 2017 18:23:15
to billy b two words describe fatty LOAN SHARK he should be in jail with the rest of the sleazballs
17 Jan 2017 20:22:44
Truebluesotrue, we are all well aware of Ashley's type and their lust for money and power, but what our situation clearly shows that they can only succeed in their goal if the people who look after Ranger's financial interests are negligent.
My point being that the people who signed the contract allowing the terms that apply are culpable. In our case it has cost our club much needed millions and I do not know why they have not been taken to task by shareholders that lost money.
17 Jan 2017 21:11:22
billy b--and who do you think i was calling the sleazballs, not the shareholders, or to be honest some of them probably never voted to clear the way for a new share issue, some who signed the contracts still have shares in the club not up front but hidden
11 Jan 2017 13:38:38
To punter, that is the worst post iv ever read on here, to even think that Ashley would have been good for rangers is a joke, that guy is slowly destroying us, he's just sitting back collecting money he's taking from us, he's a disgrace that's doesn't give a damn about rangers or Newcastle.
I'm sure Newcastle owe him millions, he doesn't invest in clubs, he loans them money while heavily taking money from them, just look at the people he put on our board and the deals he done for himself, the mans nothing but a high end loan shark, and now we're stuck with him, but hopefully we will beat him in court soon, what a statement punter, you must be on his staff
12 Jan 2017 14:14:20
Duke St loyal.
What happens if you don't beat him in court, is there a plan b in place, don't seem to have heard any thing from your board if they are forced to honour the contract and either pay compensation or buy out fees, and where is the funding for court costs that are likely to run into millions should rangers loose.
14 Jan 2017 01:44:35
I would have thought if you put money into something to earn more money is investing?
15 Jan 2017 08:35:17
correct iamno. ashley is hurting at king. his best legal team that a billionaire can buy is waiting to go over, whilst that's no guarantee that he will win, its maybe time to have a plan B. just in case.
i don't think MA will like to lose a 2nd time!
15 Jan 2017 13:24:19
Even if Ashley losses you can be sure he will be looking for grounds to appeal, this could go on for quite a considerable time, even if rangers win.
16 Jan 2017 19:54:54
Duke. i think you misread my post. Can assure you i'm nothing to do with ashley or anyone @ Rangers or any football club. just a Rangers fan that's starved of the good old days.
I wasn't trying to upset anyone. just thinking what if Ashley had won control of Rangers. where would we have been? better or worse off?
Sorry to up set you Duke. this site is all about Rumours and i was only thinking out aloud.
11 Jan 2017 10:40:22
Why not rename the ground from Ibrox Stadium to Ibrox Park, that should bring i some cash.
11 Jan 2017 12:33:15
Who is going to pay money for that to happen.? Straw clutching at its best
11 Jan 2017 14:39:20
Who would pay money to have the ground called ibrox Park?
10 Jan 2017 20:46:33
If King hasn't got the money he should step aside and sell his shares 2 someone that's willing 2 invest in our team!
10 Jan 2017 21:44:00
DK is trying to recoup his £20m he lost.
10 Jan 2017 22:40:24
@neil coulter - they would need to buy more than just DK's shares before investing. Who in there right mind would pump money into the club when they would own less than 15%?
11 Jan 2017 13:35:41
FFS, DK has got money to invest but cannot sensibly do it until the MA and CG shambles has been sorted out.
At least try to read up a bit instead of repeating the same old comments
12 Jan 2017 17:14:06
dave king gotmost of his money back through murray sports so much so liquidator would not acept his claim
12 Jan 2017 22:27:15
Well said Bigwull, it is time he was exposed for all HIS Colin Nish. Also one you will not like ---- dm, who sold the jersies, while covering his ass hole pals like dk.
The bulk of posters, on here, will soon realise how the arse has been ripped right out of them.
14 Jan 2017 11:01:54
I am interested to understand how DK through Murray sports. This is something I was not aware of. Can you tell us the circumstances
You seem to be more focussed or obsessed with supporters of DK being proved wrong rather than hoping that DK is what he says he is so that Rangers can begin to flourish again.
Surely we all want Rangers to be better but we all read the information available in different ways
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