Guest oldcastlerock2012 Posted December 18, 2013 Share Posted December 18, 2013 Rangers to go into admin this season - after the next transfer window - to avoid the points penalty when they have to play us next year? Link to comment Share on other sites More sharing options...
Munch Posted December 18, 2013 Share Posted December 18, 2013 The weegia did their best to get him in as a saviour and tried to play down his tax crimes but all to no avail. Rangers obviously need some better pet journalists. Is Jaba the Hut still on the books at Sevco ? Link to comment Share on other sites More sharing options...
Don Dan Posted December 18, 2013 Share Posted December 18, 2013 Is Jaba the Hut still on the books at Sevco ? Growing veg and sweeping up leaves and picking up a wage by all accounts. Link to comment Share on other sites More sharing options...
jambovambo Posted December 18, 2013 Share Posted December 18, 2013 I find it objectionable (whether true or not) that they're reporting the result of newoldhunsevco's AGM before it's happened. Link to comment Share on other sites More sharing options...
graygo Posted December 18, 2013 Share Posted December 18, 2013 (edited) I find it objectionable (whether true or not) that they're reporting the result of newoldhunsevco's AGM before it's happened. It's not just objectionable it's also possibly illegal. Unless they are simply speculating. Edit: If not illegal then against stock market rules. Edited December 18, 2013 by graygo Link to comment Share on other sites More sharing options...
kingdannyb Posted December 19, 2013 Share Posted December 19, 2013 Interesting bit about the AGM from today's Daily fool; "But Murray has also stressed the importance of probing the regime, and Stockbridge in particular, about resolutions nine and 10 which relate to the possible issuing of new shares in the company. Stockbridge has claimed these proposals will allow Rangers to raise around ?3m to help fund the club. But fans? groups have expressed fears these resolutions could be used by board members and allies to make a killing by snapping up shares for 1p and flogging them on at full market value, banking overnight profits of around 3500 per cent on their investment." Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted December 19, 2013 Share Posted December 19, 2013 I await some Orc feckwit kicking off at the AGM and grabbing the headlines! Link to comment Share on other sites More sharing options...
Guest Bilel Mohsni Posted December 19, 2013 Share Posted December 19, 2013 I think the Spiv camp will make a surprise announcement regarding funding incoming... Whether that ends up baloney like Greens Adidas and D Cowboys link ups, or comes to pass, who knows. Link to comment Share on other sites More sharing options...
jambovambo Posted December 19, 2013 Share Posted December 19, 2013 I hope / assume some Orc with the correct number of fingers and some motor skills will be tweeting from inside the AGM. Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 I hope / assume some Orc with the correct number of fingers and some motor skills will be tweeting from inside the AGM. I'm sure that there will be a few tweeters around. You can try Sky's Charles Paterson as a starter https://twitter.com/charlesp_sky Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 So today is the big Christmas double episode special in the soap world that is Sevco. This got me thinking od soap names for all Clubs Sevco: Take the Moral High Road Hearts: Westenders Hibs: Lockenders Celtic: Bheastenders Sheep: Emmerdale Farm Dundee Utd: The Deliverance Link to comment Share on other sites More sharing options...
Hambo Jambo Posted December 19, 2013 Share Posted December 19, 2013 Rangers (remember them?) eventually got rid of Whyte after the Scottish Press were finally forced to admit he was a chancer who had been disqualified from acting as a Director. Their year of silence on his background allowed him to run the club into the ground. Only then did they "discover" the truth. Now apparently the successor clumpany is being run by some mob from Lebanon called Abela who ended up in court in 2008 for hiving off tens of millions of Euros from an Italian catering firm, with the help of local crooks. But no one is allowed to say that. The Scottish Press have been utterly silent. Just a few hints about "angry Arabs" who want to be secretive. Well, if you had been forced to agree to a 3-year suspended sentence and ?6million fine for bankruptcy fraud, you might want to be secretive too. When will these idiots ever learn? Admin 2 (or worse) is a certainty for these imposters. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Great debate last night on the radio. Speirs had a go at Paul Murray, who claimed he would be opne and transparent and claimed under his leadership he halfed the debt. He was taken to account after it was appointed out to him that before he halfed the debt, he doubled it, so the net result was pretty much the same and also said that with the EBT's if they were open and transparent then why not disclose them to the SPL? Was its because they knew they were dodgy? PM said the taxman never came after them, to which the reply was "only because they did not know as you hid them" it was priceless. also having a go at why he should have a say when he has hardly put any money in, but in fairness he said he has put more in than Stockbridge. Link to comment Share on other sites More sharing options...
I.T.K Posted December 19, 2013 Share Posted December 19, 2013 (edited) FYI @thecoplandroad.org are doing live tweets from the AGM. Edited December 19, 2013 by I.T.K Link to comment Share on other sites More sharing options...
Ron Swanson Posted December 19, 2013 Share Posted December 19, 2013 Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 Live updates from STV http://news.stv.tv/west-central/257443-rangers-boardroom-battle-comes-to-a-head-at-annual-general-meeting/ Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 Wallace: "Our cost structure is currently too high for the top division, never mind for the lower leagues." Tell us something we don't know. I don't think the Bears will want to consider cutting costs, at least on the playing side. Link to comment Share on other sites More sharing options...
graygo Posted December 19, 2013 Share Posted December 19, 2013 Wallace: "Our cost structure is currently too high for the top division, never mind for the lower leagues." Tell us something we don't know. I don't think the Bears will want to consider cutting costs, at least on the playing side. Was just about to post that, it's a beauty. Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 (edited) Was just about to post that, it's a beauty. TheCoplandRoad.org ?@CoplandRoadorg 2m ?19m revenue, ?18m wage bill. FD will outline one off costs later in meeting. I wait with bated breath Help we're skint TheCoplandRoad.org ?@CoplandRoadorg 2m Club needs to attract fresh investment. We shouldn't pretend that isn't the case. Wallace: "One-off costs after the IPO totalled about ?10m... We still have short term profitability challenges." #RFCAGM They have also released a statement to AIM http://www.londonsto...mentId=11811723 19 December 2013 Rangers International Football Club plc ("Rangers", "RIFC" or the "Company") Annual General Meeting statement At the Company's Annual General Meeting held today, Chief Executive Graham Wallace set out his vision to build a Successful and Sustainable Rangers of which future generations will be proud. Mr Wallace noted the core values of the Club at the heart of a community whose fans have shown their unwavering loyalty and passion for the Club even when in its darkest hours. He committed to manage and operate the business with integrity, professionalism and strong governance to protect, and to grow, shareholder value. Mr Wallace will be wholly focussed on, and lead the Executive in, a strategy to: ? Deliver financial sustainability through Professional leadership, Strong governance, effective management of our football player assets and focus on Youth Development. ? Develop Best in Class Operational capability across all areas of the Club. ? Connect effectively to our Local and Global Fan Base. ? Provide a commitment to our people - building careers and management for the future. ? Strengthen the Commitment to our Community - creating further opportunities through football. ? Protect and cherish Ibrox and our other great facilities to maximise business impact and provide a stable base to operate from. In the short term the strategic focus for the next 120 days will be to: ? Complete a detailed Business Review looking at all areas of club operations and organisation, developing and implementing required actions ? Re-engage with the wider Supporter Base to carry out a review of how club engagement with the various fans groups works, and to assess if there is a better way to capture the true democratic view of ALL fans ? Re-energise and motivate the Staff - to ensure they are truly proud to be part of the Club. ? Develop and implement a Football Player Asset Strategy to take in First team squad, Youth Development and Succession Planning. ? Refocus our Commercial growth agenda to drive short term financial impacts in conjunction with finalising the club's brand positioning. On the need for future financial investment, Mr Wallace stated "It is reasonable to assume that in order to take the club back to competing at the top levels domestically and in Europe that this will be the case. However, this funding will only be sought once we have completed a robust business planning process that will allow us to engage with shareholders and potential investors from the platform of a well thought out strategic plan." -Ends- Edited December 19, 2013 by Footballfirst Link to comment Share on other sites More sharing options...
Biffa Bacon Posted December 19, 2013 Share Posted December 19, 2013 Wallace: "Our cost structure is currently too high for the top division, never mind for the lower leagues." Tell us something we don't know. I don't think the Bears will want to consider cutting costs, at least on the playing side. A classic, who would have guessed! Link to comment Share on other sites More sharing options...
kingdannyb Posted December 19, 2013 Share Posted December 19, 2013 TheCoplandRoad.org ?@CoplandRoadorg 2m ?19m revenue, ?18m wage bill. FD will outline one off costs later in meeting. Hahahahahahaha ! Link to comment Share on other sites More sharing options...
davieholt Posted December 19, 2013 Share Posted December 19, 2013 Wallace: "We will protect and cherish Ibrox." Aye but who owns it ? Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted December 19, 2013 Share Posted December 19, 2013 So the rhetoric has the reality check but where is the action? Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 So the rhetoric has the reality check but where is the action? Just re-elect us and we will complete the asset stripping tout suite Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 The result of today's #Rangers #RFCAGM will not be known immediately, announcement coming this afternoon on stock exchange. Link to comment Share on other sites More sharing options...
Geoff Kilpatrick Posted December 19, 2013 Share Posted December 19, 2013 Just re-elect us and we will complete the asset stripping tout suite They are fecked unless a white knight comes along. Shame! Link to comment Share on other sites More sharing options...
flecktimus Posted December 19, 2013 Share Posted December 19, 2013 (edited) First question from Mark Dingwall asks about the costs of fundraising for the IPO. Stockbridge says it was due to risk at the time. #RFCAGM Edited December 19, 2013 by flecktimus Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 (edited) They are fecked unless a white knight comes along. Shame! Dave King says he will dance with the devil, happy to hand over money to anyone in control at Sevco, but at what cost? Edited December 19, 2013 by Dannie Boy Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 Somers says the board has no intention of selling Ibrox but can't make guarantees for other boards in future. #RFCAGM Is that because they can't as they don't own it? Link to comment Share on other sites More sharing options...
2NaFish Posted December 19, 2013 Share Posted December 19, 2013 TheCoplandRoad.org @CoplandRoadorg Financial Advisory fees for IPO were ?2.5m. Speechless. That's about 12% right? Wowzers. Link to comment Share on other sites More sharing options...
kingdannyb Posted December 19, 2013 Share Posted December 19, 2013 Advisory fees for the IPO were ?2.5m. That's just pure thieving. Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 Stockbridge asked again about cost of fundraising. Reveals "financial advising cost ?2.5m". Crowd very angry. #RFCAGM Sevco fans not happy ?2.5m for what? Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Crowd rightly angry about why the board are hiding the identities of BPH and MH board trying to explain away, Rangers guy last night said we would not mind if they wanted to remain anonymous if they were say lottery winners but these guts have been active in appointing board members and as such they should waive that right, board trying to flannel the crowd Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Stockbridge given a hard time, cries of out out out, but he can pick up shares for free worth x 2.5 his salary and vote himself back on board if he wants, mind you he says he has not taken up that option YET Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 This is intense the board are still actively hiding the identities of Blue Pitch and Margarita holdings, which means there is something to hide. This clubs future is in the balance with the spivs might just get free reign to rip the backside out this newco, while their fans are powerless to do anything. mind you a small victory will be getting somebody on board who can expose all behind the scenes activity. This has to be treated bigger then one club, the SFA are sitting by and watching spivs asset strip one of their clubs, WE all need protection, stricter fit and proper person testing, not just the pointless one that let CW in. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Somers saying the leaks were a clever guess, yet the BBC Alistair Lamond says otherwise, and that the board has had no leaks since they took over, so I wonder which one was CF then? Yet they don't know Charles green or CW if they met them in the street, well that's a lie they must have at least read some newspaper reports, its been all over the news who these people are, and they claim not to know them, That's like being invited to Nelson Mandelas funeral and not knowing who Bono is, you don't need a fake interpreter for the deaf to translate that. Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Voting underway now, the current board have done nothing to win the hearts and minds of the neutrals, so lets see if this is just one big stich up, but the results wont be known now until first thing tomorrow and even then it will be done via the stock exchange Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 Who to believe among the Spivs? TheCoplandRoad.org ?@CoplandRoadorg 4m Crighton states Laxey suggested him to the NOMAD for a board position. TheCoplandRoad.org ?@CoplandRoadorg 1m Kingsnorth stated in recent fan meeting they Crighton wasn't their representative. Link to comment Share on other sites More sharing options...
FWJ Posted December 19, 2013 Share Posted December 19, 2013 For the feeble-minded (me) what outcome are we looking for if we want more entertainment and a second administration "event" - no change in the board? Link to comment Share on other sites More sharing options...
kingdannyb Posted December 19, 2013 Share Posted December 19, 2013 The Return Of The Whyte ! Link to comment Share on other sites More sharing options...
Footballfirst Posted December 19, 2013 Share Posted December 19, 2013 Meeting over - results of votes will be announced to AIM either later today or at 7am tomorrow. Link to comment Share on other sites More sharing options...
gazzajt Posted December 19, 2013 Share Posted December 19, 2013 The Return Of The Whyte ! To take the 17.9m he owes ticketus, out of what he owns at Ipox!! Link to comment Share on other sites More sharing options...
Homme Posted December 19, 2013 Share Posted December 19, 2013 Followed it via Twitter. Rangers and their fans are being given it dry Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 For the feeble-minded (me) what outcome are we looking for if we want more entertainment and a second administration "event" - no change in the board? According to Somers that would be a lucky guess Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 The Return Of The Whyte ! If he actually went away? Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 Share price down to 33p Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted December 19, 2013 Share Posted December 19, 2013 What is unbelievable is that the finance director could not or would not discuss financial matters, he did not have the details to present at the agm? The current state of their club is in the balance and the finance director does not have up to the minute details on the clubs finances Link to comment Share on other sites More sharing options...
Ron Swanson Posted December 19, 2013 Share Posted December 19, 2013 This is the gadget that shareholders to made there votes on today. seems like a very expensive way to go about things for a club running out of money... Link to comment Share on other sites More sharing options...
Don Dan Posted December 19, 2013 Share Posted December 19, 2013 What is unbelievable is that the finance director could not or would not discuss financial matters, he did not have the details to present at the agm? The current state of their club is in the balance and the finance director does not have up to the minute details on the clubs finances Surely that must be against any rules that govern an AGM ie a treasures report that's accepted by those present all in favour say Aye or Nae!!! Link to comment Share on other sites More sharing options...
Boris Posted December 19, 2013 Share Posted December 19, 2013 seems like a very expensive way to go about things for a club running out of money... Avoids the embarrassment of seeing virtually everyone raise their hand AGAINST you, whilst knowing that the combined share total means they will lose anyway. Link to comment Share on other sites More sharing options...
Recommended Posts