Rangers Rumours Archive September 28 2013

 

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28 Sep 2013 17:41:58
Big respect to George and his fellow sons of Struth for today, keep the movement going, a new fans voice and not the other groups who look after their own agendas only. PB

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The gers will soon have more different voices than the speaking clock, the only way to get rid of the spiv is to unite behind one voice

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Good to hear some noise being made but its got tp continue till the agm

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Is this really a Rangers supporter doing this. Remember how sleekit and bang out of order they lot were with sandaza. Be careful bears rioting or protesting gets you nothing. We don't need anymore pressure on the players shoulders than they've had already.

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29 Sep 2013 19:58:38
Continue until the agm? There can't be an agm until AUDITED accounts are produced. They won't be & there will NOT be any agm! {Ed001's Note - that is simply not quite true, they have to produce audited accounts within a set time period. They also have to hold AGMs.}

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29 Sep 2013 23:19:43
They don't have to have to have an agm if they put us into administration which looks like the plan!

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Note to Ed:
The accounts they have produced so far are incomplete.
They do not show the names of the shareholders. {The Ed039's Note - A matter that has been discussed with companies house who will consider the information before deciding whether they need to be refiled)

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30 Sep 2013 11:58:23
Of course they need to be ratified. It's law!

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The accounts they produce will only be up to the 30th june, a lot of money has been drained since then, administration looks like the best and cheapest way for the spivs to get their hands on ibrox and murray park, that's why the are running things into the ground.

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With respect Ed. the club statement released last week clearly said the accounts had been accepted by companies house. Other clubs just announce their returns but still no sign of gers. Can you confirm how long before an AGM that shareholders must be provided the accounts? {The Ed039's Note - From what I am reading up there doesnt seem to be guidance on a set guideline, only that they must be issued prior to an AGM)

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Well I hope we get the agm it means they will be voted out. didn't know they could hold up the accounts and stop the agm what a farce smacks of pure criminality

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Audited acounts are required a minimum of 3 weeks before any AGM can take place. (it's the law)

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So if the agreement with mccoll et al is adhered to and AGM is held on 31st Oct at the latest, audited accounts must be out by the 10th Oct. very interesting week and a half coming up. Ed what wld happen if the AGM isn't held by 31st? {The Ed039's Note - There is no obligation for companies to hold an AGM since 2006)

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Private companies do not need to have an AGM but Public companies are bound by law to have one. The 2006 act only applied to Private companies.

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Reading the accounts report Delottie say the report is going on the financial statements they received, in other words if the board changes and the new board uncover something untoward DELOTTIE HAVE COVERED THEMSELVES,

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Another big yawn! There are now so many ' I know what's right for the club' that I have lost count.

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To another big yawn you could also have said 'I know what's right for me' from management within the club! Will they give back their inflated salary to help the club 'it would be the right thing to do' as they say!

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28 Sep 2013 16:01:03
Has anybody seen this alleged threat to a board member?

If so can it be viewed any where soon, there appears to be conflicting reports on its alleged threats?does anybody know for sure? If so send a link or post the contents on here please!


I strongly suspect jack and victor are at it trying to split the support, missed the game today but really hope it went according to the plan any updates would be great

RR

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Alleged to have been some sort of post on the FF site.

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28 Sep 2013 10:20:10
Interesting news in todays papers, wonder if this is why the board are issuing statements, to deflect the truth, again!. FORMER Liverpool managing director Christian Purslow has been lined up to spearhead the Jim McColl revolution at Rangers.

The respected Englishman – who led the boardroom coup that ousted American owners Tom Hicks and George Gillett from Anfield – has been in talks about taking on a key role at Ibrox.

News of Purslow’s possible involvement in a new Rangers regime has been met with great enthusiasm by the club’s big-money backers in London.

They have demanded a top-level shake-up and the removal of at least three directors, including chief executive Craig Mather and finance director Brian Stockbridge.

McColl and Murray have been locked in discussions with these institutional investors for the past week as they lay out their blueprint to safeguard a business which has burned through more than £22million since it was launched on the stock market late last year.

And the potential tie-up with a man of Purslow’s impeccable credentials has further strengthened McColl’s rebels among their influential backers.

A London source said“Jim McColl is confident Purslow will have a role to play and that is god news for us and for Rangers.

“Purslow has an unblemished CV in big business and the advantage of his experiences working in football at Liverpool.

“If Murray and McColl can land Purslow it will be a great coup. He makes the current executives look like rank amateurs by comparison. ”

McColl and Murray are staying tight-lipped on their plans but we understand Purslow has been courted for a prominent position in the day-to-day management of the club.
AJM.

Believable48 Unbelievable48

I posted yesterday that something big was imminent with McCall bringing in a top man.

We will now hear shortly of King and 1 other joining up.

This is just the start of the real beginning.

The other posters yesterday who replied - you know nothing!!

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McColl's big man walked and left him and Murray with egg on their faces. They couldn't muster enough votes to carry an EGM, that was another failure. This is yet another feel good story that'll fizzle out as none of them either have money or want to put money in.
It will be administration to clear all the accounts and more importantly the contractual commitments. Thereafter somebody might try a CVA.

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This is just another positive spin in the build up to the AGM undoubtably there will be more from all sides. What I can't understand is why people (Troo Bloo for example)are so quick to jump on the band wagon; have they learned nothing from the last two years? If McColl was serious, and more importantly capable, of doing something productive he would have forced an EGM but he didn't why not? Could it be that the last business icon seen the facts and choose to walk away because admin is now unavoidable? MB

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MB?

Prospective buyers did not come in to buy Rangers because of the leaked tax case and the continually growing and overinflated fine - which I think at the last count was something like £170 million.

If this had not been leaked (ongoing police investigation) and had not Lloyds not instructed SDM to sell to whyte, we would have had serious investors taking over.

Why should we not be encouraged by McColl taking over, he is an astute businessman, who has contacts and links throughout the business world.

Would you rather be negative all the time.
Like the numpties who posted earlier about Ally's line-up and they went on to win 8-0 == makes you laff all this negativity.

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Troo Bloo?

At what point did I mention tax case leaks, potential 170m debt etc? Mr McColl should be encouraged I agree but I found it very inetesting that Frank Blin walked away the minute the board requested confirmation of the mccolls group shareholding and financial backing. as for being negative all the time I consider it positive to be prudent when stories like todays hit the press rather than fans like yourself who just accept spin stories surrounding the best business people and off the chart wealth of spivs and charlatans! or are you saying fans should just get behind anybody that tells us what we want to hear?

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MB?

What I am saying is do not be too quick to diss everyone and everything, like the Ally haters et al.

It does not do any harm to wait and see what transpires.

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I replied to another thread earlier in the week about our situation and said then that my info was that Gers will go down unless a major investor comes in now.

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29 Sep 2013 08:28:34
rangers is not a business any investor would have to view such as not an investment but buying himself a hobby, only in greenes case was it an investment as he had an asset cheap to sell on

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29 Sep 2013 10:15:49
Obviously McColl faction waiting for admin to get the club on the cheap

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@ Troo Bloo

I understand where your coming from m8 but I think it does do harm to wait and see what transpires Whyte, Green et al are living proof of believing media spin. What we continue to need is clarity and confidence that what we're being told is the truth and nothing less! For example, McColls spin states clearly that he's been talking with the ex-liverpool CEO; so he has spoke to him but what is the point in announcing discussions if it all goes to pot? Surely it would be better to announce he's agreed to be on board? that's where the positive spin that I'm talking about comes in to it; its seems to me that this is just more smoke just to drum up support

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The only way Rangers can get money is if someone buys the company lock stock and barrel and that won't happen, McColl has said so himself. Even if he gets his people on the board they can do nothing, there is no money, no way to raise money other than another share issue, sure the current institutional investors will not allow their investment to be diluted. So in reality the club is up to its neck in it and the outlook is very bleak. Dave King and McColl have money but its no use to them unless someone wants to sell to them and McColl has already said no way is he paying the money they want. Ibrox and Murray Park are the only assets that the club has that can make them eno0ugh money to get to the wend of the season when they will get the next load of season ticket money but in reality that is only delaying the inevitable. Trying to get the club far enough ahead in the league before admin so the points deduction doesn't affect their league position, this is all being very carefully planned.

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How will the points deduction for admin not affect the league position? We are talking at least a 25 point deduction and this time players will be released. Admin would be a disaster for the club and could lead to relegation from the division. Let's be totally clear admin is NOT a viable path to go down and must be avoided. It's not as easy to say that we can go into admin and start again. Once again people will be left out of pocket if this happens and that's unacceptable.

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Are some people really that naive? "Trying to get the club far enough ahead in the league before admin" Well if we go into admin there will be a 25 point deduction for starters, another transfer embargo and the top players will be released. Don't think for 1 minute that Rangers will just keep on winning and end up winning the league. We will do well just to stay in the league {The Ed039's Note - It wont be accepted by the authorities, I have said it before and I will say it again, there will be no coming back from any other sort of insolvency event)

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Totally agree Ed and I have posted before that insolvency event 2 must not happen. Slightly encouraged by Neil Patey on TV last night saying he thought a second event was unlikely but that a further share offering was probably required.
I hope he is correct but I keep thinking of Bill Miller's team talking about the shortfall between income and expenditure before he was attacked by some Jingoistic empty headed neds in our support and withdrew his interest. He felt there was a major hole in the finances- before demotion to division 3. Only the Champions League income kept us slowly reducing the debt and to fall to the bottom tier plus ridiculous bonuses and salaries to non deserving staff and in particular extras such as Mr Green's million has left us where we are now. My question is why would you invest in a Football Club (I could leave it there) in Scotland and in the second lowest tier? Particularly when the initial offering was swallowed up to merely fund the gap between income and expenditure and keep the club afloat. It will surely be a far harder sell this time around to hard nosed "city" investors?

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