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22 Apr 2013 15:14:59
Andrew Shinnie signs pre-contract with Birmingham.
Bit disappointed, thought he was coming back to Rangers.
Dont think there will be much coming to or back to rangers this season by the way this situation we have on out hands is unfplding pal. James
Maybe he just wants to play football next season.
Gutted could really do with the next suarez back at the gers
22 Apr 2013 05:19:32
I have heard similar to some people on here, I heard Dave King is looking to purchase Rangers from BDO, he does not need whyte or greens shares or other shareholders shares for that matter, BDO are going to create panic soon by selling the club to the highest bidder and cancelling the contracts between Murray and Whyte and Whyte and Green, they are both Illegal. so if this is true, the scheming filth will end up in court for fraud.
Thats pretty much nonsense mate. Firstly, would King pass the fit and proper test? Secondly, BDO will not sell to the highest bidder, they cannot. If they decide that the administrators did not act in the creditors best interests, then the whole process will start again. This might mean the ground and Murray park being sold independently in a break up of assets. Can you honestly say that D&P acted in the creditors interests?
More importantly how will this leave Rangers with the SFA?
We gave assurances that Whyte was out of the picture otherwise we would not have been granted licence to play.
There is trouble ahead unfortunately: the truth is CW would never go quietly and those who believed he had been dealt with without a compensation believe in Easter bunnies and Santa : let's hope Walter and a consortium can rid this mess. What happens when the IPO of RFC is found fraudulent. once again someone tries to make off with our hard earned cash in shares.
The bit I don't get is Ally's comment about less money for players, what does he know?
Changing the CEO should not really affect the business plan, so why the warning to the fans?
Because the business plan existed only in some folks minds. the 10M for players was a pipe dream.
Surely the sfa could only revoke the license if whyte was found to be an undisclosed office bearer of sevco scotland or rifc. this is clearly not the case. as regards whyte's claim to part of the assets, this again should be no concern of the sfa.
No precious directors allowed to be involved for 5 years. Was a condition of us getting a licence to play. Dave King? Wan King has more chance.
My god there are still people on here wanting Walter and the Blue Knights to come to the rescue. Firstly, where was Walter when you REALLY needed him. If it wasnt for CG you wouldn't be here, the ground would be a supermarket and Murray Park a nice new housing estate, where was Walter when all this was happening. The Blue Knights couldn't come up with the money and the guy who was willing to give them money is a Hibs fan and a rugby man, he wanted Ibrox so he could play Rugby there plus he was a businessman, do you think he would have pumped in his millions and not expected a bumper return. The ONLY way this will work is the way it did at Celtic. You need a man who is a fan but who has the money behind him, he comes in sets out what he wants to do, gives a timescale and then he asks the fans to bankroll it and at the end the fans get the club. You need a clear out, get rid of all the people who have previous with the club, get a new start, none of this big mouth stuff spouting about all sorts of things that would never happen. Listen, I am not fussed one way or the other if your club doesn't come back but you guys don't deserve this. I am sure you were all loving it when Celtic were in dire straits that is the rivalry but you are being taken for a ride and if people outside the club have been saying it for months why haven't the Rangers fans been asking the questions? Its your club, without you at the club there is nothing, do what the Celtic fans did, vote with your feet, force them out and then you stand a chance.
Finally we get the King of the Spivs on board
Tax dodger, Fraudster and person not suitable according to SFA
That will take us forward!
I'd take Dave King as owner over anybody else that has been mentioned recently. His tax issues in SA have been resolved due to an agreement to seel some of his companies. He was on the old board for years and never agreed with Murray's running of the club at that time. The SFA said they would look at King and take council. They never said he was not fit and proper. He has enough money to keep us going, do the current owners (whoever they are) have the funds? I've yet to see proof.
Some people need to seriously think to themselves. C. W bought the company "legally" from SDM. He lied about his previous history to the SFA but that's hardly crime of the century. He then got CG to front the sale of the company again no crime was committed with that. Green then has gone on record to state he shafted Whyte, with Whyte alledging he done it illegally! If this is upheld in a court of law, the club will belong to "Craig Whyte" (Again). With share-holders IMO having to sue Green for fraud. Whatever way it goes the fans are by far the biggest loosers.
22 Apr 2013 09:58:14
And so it begins. Rangers have confirmed today that Green and Stockbridge were directors of Sevco5088 at the time of the IPO, this was not contained in the original documents submitted. God knows what the outcome of all this will be.
22 Apr 2013 10:16:51
any truth in the rumour rangers are ground sharing with kilwinning rangers next season?
Big trouble on the way now. Will it ever end?
WATP
What a bloody mess. My biggest worry is that if it is found that what Green/ Whyte et. al were up to was illegal. Where does that leave the club? Who owns the Club? You can see court cases lasting for years? Where does that leave Ally and the players? What kind of team will he be able to put on the park over the next few years? What decent players would sign with all this legal stuff going on? As I said What a bloody mess!
Someone is on buying small volumes of shares bumping up the price for them, this could be done to drive the price up before there is a mass sell off.
If the SFA and the press have any backbone the temp lic granted must and should be withdrawn
To Post#7
Whilst on the face of it, removal of the associate membership and SFA license would be a financial and emotional tsunami for the club. It could obilterate the myriad of companies and financial vehicles currently stripping Rangers of anything of value (these "businessmen" are known as asset strippers for a reason) it could start us on GroundZero, build up a proper Rangers again with the fans (AFC Wimbledon, FC United, Union Berlin,,, Portsmouth!) and nevermore be held to ransom by these scavengers.
Looks like we maybe glad to remain in division 3 with 18 clubs. Les
As we come to the end of April and another £2.5m out the door plus settlements. I really think we need to be told how much is in the bank, how much is owed to creditors, how much is in dispute and who owns the assets.
O/p could you point me to your statement where it says Brian Stockbridge was a director of Sevco5088 as the statment I read only shows C. Green being involved.
Sorry, but where did they confirm this?
Only Green. not Stocksbridge
That doesn't mean anything. Sevco 5088 is not connected to the IPO in any way. Its irrelevant who the directors of 5088 were.
Sounds like someone is trying to spin things to dis-credit Green again.
Someone trying to discredit green ehhhhhhhh
it was rangers international that made the annoncement
22 Apr 2013 20:36:44
TRYING to discredit Green? R u nuts? Doesn't take much to discredit that wind bag. Dallas Cowboys etc. Wake up! The man was an absolute buffoon & Whytes puppet!
SEVCO 5088 is relevant to a lot of things.
D&P stated they had a binding agreement with SEVCO 5008 (not SEVCO Scotland) to sell them the assets should the CVA fail.
Therefore contrary to what has been stated, either -
a) The assets WERE sold to 5088 then transferred to Scotland.
b) D&P broke the binding agreement and sold direct to SEVCO Scotland.
Either way it's not good.
Also bear in mind CG stated a few weeks ago, he resigned from SEVCO 5088 last year, now SEVCO Scotland (RIFC) are claiming SEVCO 5088 is a subsidiary.
Could it be SEVCO 5088 actually does own something that may be of value?
Not disclosing prior to the IPO is a serious matter, you would almost think someone was trying to hide something?
Also funny how 175k has now FINALLY found its way back to CW's account from another certain board members mums account.
If you believe CG's word that they had been trying to return it for over 6 months, now miraculously after being made public it has found its way 'home' in a matter of weeks.
Strange huh?
To be honest I agree with most on this post, and also agree that green was and is dodgy some of his statements were absolutely nonsensical, but I tend not to beleive any news about our club unless it comes straight from the club website, let's not try and jump to conclusions just yet however bad it seems a think we as fans have to sit back and evaluate the situation more closesly. James
"someone trying to discredit Green " Are you living on planet Earth? The man is a bloody VENTURE CAPITALIST. Do you know what the hell that means? Wake up for God`s sake! His favoutite ABBA song gives you a clue Money, Money, Money
It is quite possible after the CVA failed, the company to buy the liquidated assets was changed to Sevco (Scotland), it just requires the consent of both parties, and in a liquidation event it doesn't matter too hoots whose name is on the cheque, the only scrutiny on a buyer is in the event of a CVA.
Therefore Secvo ( Scotland) never owned the assets and is not entitled to any share unless CW can prove otherwise. How he expects to claim a share of a 5.5 million sale without putting in any real money is wishful thinking, 175,000 is not a big share of the asset purchase price.
Cg will get about 3-4 million in December for his efforts when he sells his shares to Easdale, he will square CW up and the whole affair will just vanish. You can't own 5.5 million pounds worth of assets when your total contribution is 175,000, no matter what anyone has told him.
His claim isn't against Rangers or Sevco 5088, its against CG's breach of agreement and him personally.
Just keep buying the season tickets for the next 2 years and your club will just about make it.
24 Apr 2013 14:31:06
wee green sells his shares, a couple of days after leaving, after they had dropped by 20 odd per cent, not a good sign, why would he not wait till they improved, then sell, does he know somthing we dont, OLD BOB
The last place you would want to believe stories from is the club website with Ahmed and Stockbridge still there. We have not been told the truth from the club and I'm afraid that includes Ally and Walter.
There is no possibility that the shares will ever recover due to recent revelations. It will be a penny stock in no time as more comes out in the wash. Though it is possible trading will be suspended till things are more clear.