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15 Oct 2019 17:02:31
Most of you on here know I'm not a Mr King fan, so I will make my point and wait for the backlash from molsgoals and his cohorts. 2 years ago some posters on here had us signing with Adidas, Nike and by far the most widely common from a certain poster under armour, a 3 or4 year deal was in the bag. In the end we got Hummel not the big name we were told, not your premier league of kit makers. We now shafted Hummel, can anyone see the Premier kit makers knock down the door of Ibrox throwing 3 or 4 years deals on S. Robertson desk waiting for Dave King to sign it. Oh and remember we need that deal to be in the bag early next year for a launch for next season as we can't use Hummel. Close brothers and Metro are governed by the financial Authorities how will they react to King the leper. The main question I want to ask the usual suspects WHY if this latest verdict on King "doesn't matter", will not effect his running of the club WHY oh Why spend a million pounds of his/ our money fighting it. Why?

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15 Oct 2019 18:32:55
Hummrll surprised me, the strips were decent quality and more importantly smart. Think they got it bang on with every strip tbh. My fear is we end up with puma and sd again as it will cost us, as most on here, including myself will give no money if Ashley gets a single dime.

15 Oct 2019 20:22:18
IOM, No credit from you to DK for dragging us to the top of the league?

None of your doomsday predictions have come true, none has stopped our progress.

15 Oct 2019 22:20:40
Iom is the ruling not just to do with takeovers/ mergers didn’t say anything about day to day running of a company.

15 Oct 2019 22:33:36
Why? Because we have to fight mull and your choice of words describing the chairman leave a lot to be desired.

16 Oct 2019 07:10:40
What words molsgoals?
King and some on here are promoting this verdict as a good deal, he like a yob with a ASBO, using it like a badge of honour. It's only the 4th time of the 50 year financial authorities history this has been used. King came in with a promise of transparency and a Nomad how did that go. One thing I will say about Charles Green his "no one should owe more than 10% of our shares to stop a David Murray, Craig Whyte situation one man or one company should not wield the power to take us back to that place again. Because we had to fight molsgoals but if its doesn't matter or has no baring on his power to run the club as we're been told, why spend a million pound why.

16 Oct 2019 11:52:40
Wow your negativity towards me king and board holds no bounds mull . the word was leper . even quoting green in preference to this board i think says it all from you . For me and the majority of our support ( and that majority grows by the day ) we are Incread happy and thankful that mr king took up the fight and dragged us up . The one million you mention to be honest I don’t know . but know and trust it had to be that way to get us to where we are .! Of course you in your great wisdom will kn better and kn of a better way to fight the fight . I remember you saying last year however that your way would be sitting mid league for a few seasons until we balance the books . I am afraid 95% of the support wouldn’t go for that . so have you a plan b? A better plan than that which would justify my 700 quid season ticket money . No . well I think I will just invest in Mr king the board Stevie g and the current team thank you very much and thanks for your concern.

16 Oct 2019 14:37:37
IOM, Dave King doesn't sign off everything for Rangers, he is one of a few Senior Officers in the Club. I doubt very much if Close Brothers or anyone else will be put off dealing with Rangers, as DK will never be allowed to own the Club outright, which if I read that statement from the FCA is the only time it would affect thr Club, if I am wrong in this assumption, I apologise.

16 Oct 2019 16:26:53
Or gers I believe you to be correct.

16 Oct 2019 16:51:38
The word leper upset you molsgoals, it was a word used by my fellow poster Billy b and I wholeheartedly agree with it. Molsgoals I don't know anymore then anyone else BUT I can take the Dave King specs off. According to yourself and john25, King is a stalking horse to rid us of Ashley, can you both tell us all how that's going. My view is we paid him £3m plus 27p for his shares, on top of a unknown sum (judge said many millions) and have been told we still have to make a deal with him.

16 Oct 2019 19:31:22
Very very slowly iom, but we r moving forward.
In case u have not noticed we reopen of league.

16 Oct 2019 20:37:15
Iom, the 3mil and 27p shares plus the compensation is substanially less than what he would be costing us today if him and his rats were still in our boardroom. 👍.

16 Oct 2019 21:14:10
Coldo although iom indicates Ashley received 27p per share, stock exchange papers indicate Fans group paid him 20p a share and thAt Hong Kong business man Julian Wolthartd also paid 20p a share. Both parties purchased 50% each.

16 Oct 2019 21:16:03
Has anyone counted up the money wasted in court battles. We had to pay £400k for the latest and that's only 40% of Ashley bill, that's not including our bill. In January the lawyer will be rubbing their hands again for another round. The above is only us v sports direct, top panel v King was £1M- what's next will Hummel or elite take us to court then memorial walls.

16 Oct 2019 21:46:51
The million u highlight isa king family debt.

16 Oct 2019 22:14:12
And where did you get that information John 25, you will be telling us next the King family will pay all our legal bills. Next you will be telling us that the latest share issue was taking up by a Indian mob, or your mates sports shop has up his profit margins to £7 a strip.

16 Oct 2019 23:38:26
No iom in Glasgow we have papers. It’s well reported by the judge, king and lawyers for all parties that king has to submit million via courts. But once again it does not suit your argument.

17 Oct 2019 07:13:48
Also john25 that's not important what is if "it doesn't matter" or it won't hinder his running of the club--why spend a million pound fighting it- answer please.

17 Oct 2019 08:12:52
IOM, you seem rattled and to be obsessively searching for a narrative to explain the future demise of our club. You need to move on and accept that our club has.

17 Oct 2019 08:53:00
Correct Bankie.

17 Oct 2019 13:45:54
Good answer john25 (zero answer) . Now we have to believe everything in the Scottish media. About this time 2 years ago we anounced profit of over £5m and within 72 hours we had gone to close brother for a loan (oops sorry Mr Robertson a overdraft) that loan was increased last year, what happens this January when we have SD bill? Can Mr King ask for more from close brothers will they work with him.

17 Oct 2019 15:01:25
IOM, know you don’t want the facts to get in way of a good conspiracy theory, but did we not recently reduce debt on the balance sheet by £7m?

17 Oct 2019 15:38:44
Bankie, I have given my typing finger a 24 hour come-back to make comment on I. O. M. 's post.
Most of his comments I agree with, and what annoys me and probably I. O. M feels the same, is the resentment felt by fellow bluenoses to us, and a few others, for no other reason than our concern for our club, due to the actions of DK.
We do not have some sort of agenda against DK, just deep concern about his methods.
Some of the posters on this site, will know that I, also have [had. ] no time for sir dm, who also had "a way" with his accounting systems, and look where we ended up with that. Admittedly, DK, has been dealing with a very complex problem, but balance sheets can be made to tell various stories.

11 Oct 2019 21:17:30
As chief executive of Glasgow Rangers, exactly what documents can he sign? Transfer deals, year end accounts or possible more salient loan arrangements? A business pariah is a leper to other outlets.

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11 Oct 2019 21:55:36
Billy b what on earth are you on about .? Itvwas great to read the statement from mr king today . Goes a long way in helping to silence the mischief makers . Thanks for that Mr King and keep up the good work .

11 Oct 2019 23:15:58
Anything with his name on it, other investors or potential business links are going to think twice if they do there due diligence. Only the 4th msn in history it's happened to. Csn hardly be chalked up as a win molsgosls and I worry about your mentality if u seriously think it's anything other than a bad thing.

12 Oct 2019 10:08:46
I would urge all supporters to read in detail the statement issued by the Chairman on this matter the full text of which is on the club website. Read it carefully and I would defy any true supporter of our club to suggest it is not the words of someone with the best interests of our club at heart. We have survived a period when charlatans with questionable motives controlled our club.

12 Oct 2019 12:37:12
Well said Bankie.

12 Oct 2019 13:32:13
Bankie, you are the voice of common sense ✌️🇬🇧.

12 Oct 2019 13:25:07
Billyb, What is your Plan B?

12 Oct 2019 15:07:15
Yes Bankie I have long said king was a stalking horse to clear out Ashley etc.
Billyb points r valid how’s ever will not have any impact going forward.

12 Oct 2019 15:15:26
Its ridiculous to suggest that Dave King does not have our best interests at heart. If it wasn't for this man we would have sports direct logo's all over ibrox and would be languishing in the unknown with us not even owning our own assets. We have our club back because of Dave King👍.

12 Oct 2019 19:13:54
Plan A was what? DK 19.

13 Oct 2019 13:52:46
Plan A was to rid of Ashley billy b and his cronies that he put into place . Of course you will say that’s failed . ( Although we the support do not agreed ) I would not expect anything else from your camp.

13 Oct 2019 15:34:07
Actually, plan A is working. Dave King and his board have transformed our club both on the pitch and off.

You make not like it Billyb but it is undeniable even if on occasion it has not been plain sailing.

Plan B is not required which is just as well because plan b in your eyes means no DK and you have never produced a viable alternative.

13 Oct 2019 17:57:33
👍👏👏 well said DK but don’t expect a come back.

13 Oct 2019 18:36:56
With muppets that believe dk can do no wrong, why should my "camp" be concerned? It is called common sense.
What I will say Molsgoals, is that if dk continues on this track, there will be no comeback.

13 Oct 2019 20:07:46
Taxi for Greenock Billyb.

13 Oct 2019 20:31:44
Billyb I don't think anyone here believes DK can do no wrong. The issue is that you don't admit he does anything right. I remember us getting 5 players on loan from Newcastle who never kicked a ball apart from Harris Vuckic. The last window we got Davis and Defoe on loan. This window Edmundson, Davis, Kent and Helander, Jones perm with Ojo on loan. We have ome a long way since DK took over. Even the takeover panel said he appears to have done this for no financial gain. All you have done is whine about him on a rangers fan site.

13 Oct 2019 20:55:05
Billyb, As an old timer it’s time you took a reality pill.

Unsure what your era was but I doubt it was in the last 10 years since Scottish football has been in decline if not financial meltdown.

We’re doing the best we can following the turmoil that DK bought into and the strategy is working.

Just for a bit of humour, why don’t you name the names you have been hinting about for the last two years that would and are willing to buy out DK and his board?

13 Oct 2019 21:02:19
Dave Kings comeback is 55!👍.

14 Oct 2019 10:26:11
Bankie, I don't need a taxi, I'll use my bus pass.
Jmaster, I do give credit where it is due, unfortunately my criticism far greater.
DK 19, I've written them on a piece of paper and placed them in an envelope. To be opened in 3 years and 360 days.
Molsgoals, I hope so, and with these few comments, my typing finger is definitely in retirement.

14 Oct 2019 12:32:09
Touché Billyb.

15 Oct 2019 10:25:10
Does the cold shoulder not just relate to takeovers and merging companies doesn’t say it affects day to day running of businesses.

15 Oct 2019 13:39:50
Correct the bear but that does not suit some people’s argument.

15 Oct 2019 14:07:30
billy surely if it was going to affect us dk could step down for somebody else to take the reign also anymore more of your nonsense and you’ll get the RR cold shoulder 😂😂.

15 Oct 2019 17:52:12
Sorry bear I've already got a "frozen" shoulder!

15 Oct 2019 19:46:00
Billy b me too, costing a fortune re physio.

16 Oct 2019 19:30:38
well if any off you two do really have a frozen shoulder don't bother with physio as there is absolutely no proof it works, 6 years ago i lost my left arm to frozen shoulder, went for MUA and in about 3 months had about 99percent movement returned. you might say well treatment does work, but 2 years ago my right arm suffered the same, i opted for no treatment, it unfroze after 8 months with no pain at all,

09 Oct 2019 18:19:51
I see the court papers have been released with regards to the ongoing battle with SD/ Ashley. Have a read at them Hope not hate. I think you will will find everything I told you in a previous post is correct. I'll happily accept your apology if it ever comes. To reiterate-

No decision has been made on contractual cap of £1m.

Also worth noting that SD have amended the claim to include Elite. As part of the released papers it also shows that we have a very good deal with Elite.

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09 Oct 2019 18:23:59
Correct j master.

11 Oct 2019 16:08:26
And now we have DK no mates --------- see t. o. p. ruling and the potential difficulties that will materialise.

11 Oct 2019 16:54:58
Billyb, what potential difficulties are you referring to?

11 Oct 2019 17:07:02
The takeover panel have already stated that this will have zero effect on rangers. "For the avoidance of doubt it should be said that other than in the unlikely event that the holding in Rangers which Mr King owns or controls reaches a size that enables him to control Rangers personally, the sanction will apply to Mr King as an individual and not to Rangers. "

11 Oct 2019 17:08:22
Bankie, obviously you have never been a parish director!

11 Oct 2019 17:32:27
Billyb, corporate business management can be rough business.

11 Oct 2019 19:12:36
Bankie, you would know! Pariah director. not parish.

11 Oct 2019 20:11:21
Billyb, what are you talking about, even BBC Scot put the decision in perspective. Time to move on.

11 Oct 2019 20:55:24
Nobody will do business with him for fear of being tainted. Pariah he will be.

11 Oct 2019 21:59:25
Billyb Stevie g will do business with him and that’s good enough for me and my season ticket money mo matter what the neigh sayers bleet on about in their alteria motivated agenda 👍.

13 Oct 2019 15:35:02
Billy b, just wait and see the queue of people who are waiting to do business with our club.

03 Oct 2019 10:09:42
Seems seven million in new shares purchased yesterday, research of papers seem to indicate Indian company.

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03 Oct 2019 12:12:58
Is that not the debt just getting converted.

03 Oct 2019 13:57:20
The bear I don’t think so, debt had already been converted. This appears to be 7 million new shares.

03 Oct 2019 16:50:34
I see it’s confirmed as debt to shares. Another good reduction in debt.

05 Oct 2019 15:38:25
Believe this is confirmation of transfer of debt into shares. Significantly improves capital structure and strength of our balance sheet.

05 Oct 2019 18:13:49
Correct Bankie.

02 Oct 2019 17:45:53
On a more serious note, i see that after yet another court case today between rangers and mike ashley's sports direct, we're still no further forward. there's another hearing on the 17th of january next year. There's just no end game to this in sight. It needs ended one way or the other. Our club is suffering very badly in all this kit manufacturing mess and we don't even have a kit manufacturer for next season, as our hummel kit deal has been ended 1 year early. We don't have anyone in place to make next season's kits.
God only knows what's going to happen here and what we're going to do. It really is very serious and a total shambles.

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02 Oct 2019 19:02:00
The last judgement stated that we can apply to the court to have it altered should it leave us unable to produce strips to be registered for playing in the league AND to sell replicas. If it isn't sorted in January I'd imagine we will make an application to the courts to do this. Judge hasn't decided on potential compensation and appears to be getting fed up of this whole saga. My gut feeling is that he will award a figure and allow us a clean break from SDI as it's clear the relationship has become irreparable. Despite what people will have you believe the £1m cap has not been lifted. The judge has yet to decide on whether it should be or not.

05 Oct 2019 08:55:39
JMaster, please read the actual ruling and not what someone told you down the Loudon. There is no cap. Compensation will be paid on the actual losses attributed to SDI. The actual amount to be paid, plus two. other complaints raised by SDI last week will be expected by January or February 2020.

06 Oct 2019 18:49:30
Hope not hate I did read the actual ruling. I've also discussed it with a corporate lawyer in my family who explained some of it to me. Rangers released a statement after the ruling which said "Contrary to some reports, the judge has not determined that the contractual cap on damages does not apply". The contractual cap is what is known as a limitation of liability clause which is included in most contracts of this nature. Both parties agreed to this contract so even if the judge rules on damages over and above, it won't be the crazy figures your lot are dreaming of. Also I don't drink in the Louden. Maybe you ought to speak to someone who understands these things instead of reading ill Phil and the likes blogs 🤔.

02 Oct 2019 17:17:24
Has the high court demanded that we pay Sports Direct the Gazillion Billion pounds compensation yet?

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02 Oct 2019 17:40:50
go over to the celtic sight they know everything.

01 Oct 2019 18:28:29
D-Day tomorrow 1030 see what more damage Ashley can cost us heres hoping ain't to big a fine.

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01 Oct 2019 20:08:24
Just a few days out from your source @big blue bear😆😂😆
Any update on the gazillions of damages we are due? 😂😱😂.

02 Oct 2019 02:21:59
The date might of been off. Could of been for a number of reasons, case backlogs for one. Remember it's the directions hearing so the decision has been made. It very well could have been decided by the 23rd and this is the first available slot for it to be heard?
Im clearly not a law chap!
Rangers lost the case so it is SD that are due. Gazillions? Might want to keep your powder dry till the number is made public.
The 1m cap has been booted out apparently. Again just a rumour.
Hummel haven't dipped thier toe in the water yet. Whatever SD are awarded Hummel will also be due for thier % for thier own breach of contract for getting kicked out.

02 Oct 2019 21:16:31
you can't be in breach of a contract if the contract was deemed illegal in court in the first place.

25 Sep 2019 08:49:54
So New Balance are taking Liverpool to court as they weren't given the chance to match the offer Nike had made, will be interesting to see how this one turns out, sounds pretty similar to our case.

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01 Oct 2019 15:19:16
Gerin2em, I saw that, what amazes me is Clubs of the size of us and Liverpool making such a cock up. The fact is the money the SDI fiasco has cost us was very much avoidable.

02 Oct 2019 10:19:45
Maybe it’s not a cockup?

Maybe it’s just tough negotiation that gives the advantage to the club even after a court decision?

You can’t seriously be suggesting that the boards of both Liverpool and Rangers are incompetent especially given the successes in recent years.

These guys do not make this type of error.

02 Oct 2019 21:18:04
how was it avoidable, avoiding it meant sticking with the SD contract. so no money coming in and fans not having a shirt on their back.

05 Oct 2019 13:10:44
DK19 and geesadodothat, there obviously was a major cock up on someones part at Rangers as the Courts have stated that this deal should not have happened, and yes, I do think there has been incompetency from someone at Rangers on this issue, which has, and will continue to cause us loss of income until fixed. I believe our Board overall have done very well for us, so nothing personal in my post, simply stating that there is nothing positive I can see that has arisen from this long drawn out affair with Ashley.

05 Oct 2019 19:31:36
Getting rid of Ashley from our club no matter how long and what it takes? You think that's not positive irv?

05 Oct 2019 21:35:20
Of course it is Molsgoals, but are you trying to say that Ashley is not still pulling strings outwith the Boardroom, he is costing us a fortune man, we need rid completely, and that will only happen when we negotiate an end to the current contract, how easy or how much that will cost is anybody's guess. As I said, I feel overall that the Board have been terrific, but this is still one huge problem.

06 Oct 2019 00:16:55
Irv ash is pulling no strings other than a stubbornness go hook line and sinker . it was always going to be messy and he was never going to be co operative . I’ve said many many times. this is a road we have to go down to get the result we want .

 


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