Rangers Finances 3

 

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08 Jan 2017 21:54:49
Guys, not having a dig here but a serious question to all you guys.
I keep seeing posts saying rangers need soft loans till end of the season and already owe about 10 million back or either in shares.

I still see signings being made either on loan or not, why does dave king not come out and tell supporters what's happening or do you think that he can't really say what's happening.

Agree1 Disagree1

09 Jan 2017 01:31:31
He has told everyone what is going on at the AGM. We the fans just don't want to accept that we are in such a poor place. The soft loans are his only option at the moment as he and other potential investors cannot do anything until the SD and MA litigations are sorted. He can only work within the RIFC constitution and financial regulations as he only has about 10% personally and 40% as a block with like minded shareholders.

Anything that he might be able to tell us will be limited as he still has an injunction from the court about what he can publicly say about the SD contracts and he will not want to prejudice or undermine his future court proceedings with the SD.

09 Jan 2017 12:44:35
well said Michael!
like a said before celtic don't matter as long as we can be better than the rest of the spl then it will come down to the old firms in which it doesn't matter who has a better side financially it will come down to two teams with a winning mentality which could go either way just like the old days.

09 Jan 2017 20:26:43
Dave King is helping to get foundation's in place at the club with the help of others so WHEN large investment goes into the club it will be from a position of strength and transparency with no one like Whyte Green Ashley Easdale etc trying to get their share we must rid our club of these men beforehand King n others have put in a lot of money just to bring the club up to a good standard but it is not at the Rangers Standard yet which will take afew years because of the purge of the last few years but make NO mistake we are on our road back and we're coming

08 Jan 2017 09:50:46
I seen a part of an article in the Herald about king selling off a financial arm of his business. Does anyone know how much he will get and do you think this could free up some of his paper fortune to invest more in the club?

Agree1 Disagree0

09 Jan 2017 12:45:15
heard absolutely nothing about this

19 Jan 2017 14:28:46
he got about £11m out of deal only enough to keep firefighting

05 Jan 2017 13:58:54
I know this is old news but has there ever been any information which confirms the shareholding of the 4 companies whose rights to trade shares have been suspended by the RIFC board (i. e. BluePitch Holdings, Putney Holdings, Norne Anstalt, ATP investments) who hold 10.4% of the shareholding.

Are they all still shareholders.

Agree0 Disagree0

05 Jan 2017 19:37:01
Mols, in club website is list of Major Shareholding (3% or above) :

The Company understands that its major shareholders are as follows
New Oasis Asset Limited 11,869,505 14.57%
George Alexander Taylor 7,575,000 9.30%
Mash Holdings Limited 7,265,000 8.92%
Alexander Easdale 5,256,110 6.45%
Douglas Park 5,000,000 6.14%
R and M Asset Management LLP4,704,827 5.77%
George Letham 3,299,515 4.05%
Rangers First 2014 CIC 2,865,487.

05 Jan 2017 22:08:00
Fd thanks I noted this earlier but the four companies I noted between them own 10.4% of RIFC but individually not enough to be listed. There collective 10.4 % is 8M shares or £2.2m of finance and was just trying to find out if they still retrained their shares or had sold them.

This all effects the voting at EGM Or AGM.

06 Jan 2017 10:32:08
Understand Mols, Ed are you able to shed light on this?

{Ed002's Note - I don't have any information to hand and I don't have anyone available to look in to it right now.}

01 Jan 2017 15:29:01
Just posting what could be very important news for our club fellow bears and to see if anyone has heard this! Just had a text there the now from a usually reliable source of 'gers information that rangers are poised to announce NB as our new kit manufacturers starting next season even though puma still has another year after this one to run with us!

Also that red bull will be taking over from 32Red as our new shirt sponsors again starting next season! Been told both deals will be announced late january or early february!

Agree2 Disagree7

01 Jan 2017 16:55:11
Just out of curiosity. Would any rangers fan buy a new strip if this happened? Obviously need to compensate puma or its another court case. Why would a company want to be sponsors if no strips were selling.

01 Jan 2017 18:04:40
We owe Ashley 5million 2 million to get out of puma deal no ones going to back us till this has been sorted out.

02 Jan 2017 10:03:42
I thought we paid Ashley his money and owe him nothing hence the 7 year notice period.

03 Jan 2017 10:25:15
If we went with new kit supplier can they agree not to stock kit in sports direct or is part of the agreement that whoever it is must use Ashley's mob?

09 Jan 2017 12:51:49
as far as I know we have paid the 5 million back to Ashley!
and puma will want out of this deal aswell as their name is being mentioned with mike Ashley so the brand is being dragged through the mud

19 Jan 2017 14:33:43
ashhley has had £7m wiping out loans etc

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
Billy
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.

Fanbase.

Agree27 Disagree5

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

06 Dec 2016 18:55:20
Ed

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.

Cheers.

{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
I NDONT UNDERSTAND PEOPLE HONESTLY!
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

 


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