Alva-Jambo Posted September 5, 2014 Share Posted September 5, 2014 I must go out.. hope I don't miss any stunning excitement. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 Lunch in court back at 1.45 Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 5, 2014 Share Posted September 5, 2014 I could get a job as the rangers QC. Nothing to see here!!! Joke. Link to comment Share on other sites More sharing options...
I P Knightley Posted September 5, 2014 Share Posted September 5, 2014 ( aside - Newcastle are now the 5th richest , in income terms, club in their league. Chelsea onbly 9th and Liverpool 10th. Man U is once again the world's richest club in terms of income). But not necessarily profit - which is Ashley's driving motive. A "successful" Rangers could make it into the top 20 or 30 on income (with CL revenues; stadium sell outs; merchandising etc.) but would be able to do so at a fraction of what it costs NUFC. All you need is a Craig an Anne and a Robbie. - that is the nub of this case , Underlying the request, he also has to privide sufficient evidence that he is indeed owed this sum, or, as near as possible evidence.. now, he has failed so far. But the club may have provided circumstantial information to the public domain SINCE then. He's been in court twice already. At no point has it been question whether he is owed the money. Unless I missed something, his case was dismissed because the judge was a bluenose felt there was no evidence that Rangers were in sufficient soapy bubble to merit the ringfencing. I imagine that there is a watertight onerous contract with his name on it. Yes he I think he just wanted the profit making rangers retail business and has acquired it for a good price. Unless he can cream off any other assets I think that will be all he is interested in I've not seen any mention of the other side of the deal. Ashley has taken over 50% of a joint venture on Rangers Retail (benefits and costs). What did he pay Rangers to do so? Was it another pound? A whole 100% increase in his investment? Link to comment Share on other sites More sharing options...
Toonpack Posted September 5, 2014 Share Posted September 5, 2014 (edited) I guess if as their QC states that It's all so bloody good in Hun-world, ring fencing the cash won't be a problem for them then !! bollocks !! Edited September 5, 2014 by Toonpack Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted September 5, 2014 Share Posted September 5, 2014 Rangers do already have playing staff budget of around ?7m compared to turnover is actually great apart from the quality of those players, its the non playing staff that's the issue 4 or 5 people are horsing around 60% of turnover as well as ?1brox and Murray park are drains on the cash flow. its a total revamp they need Link to comment Share on other sites More sharing options...
trotter Posted September 5, 2014 Share Posted September 5, 2014 By all accounts getting rid of MP would do no end of good for them, it's not exactly churning out the proverbial conveyor belt of talent into the first team is it? However, it'll be kept because 1) it'll be too much of a loss of face, 2) WATP, and 3) Dave King innit? Link to comment Share on other sites More sharing options...
Franco Fascione Posted September 5, 2014 Share Posted September 5, 2014 Not deid yet? I'll check in, in a couple of weeks. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 Court back in Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 1m Alan Summers QC says talks are at "an advanced stage" with two potential investors #bbcsportscot Link to comment Share on other sites More sharing options...
Stuart Lyon Posted September 5, 2014 Share Posted September 5, 2014 He would say that wouldn't he? Link to comment Share on other sites More sharing options...
Stuart Lyon Posted September 5, 2014 Share Posted September 5, 2014 Hope the judge demands names - we should be told who these people are? Link to comment Share on other sites More sharing options...
Deevers Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 1m Alan Summers QC says talks are at "an advanced stage" with two potential investors #bbcsportscot Santa Claus and the Tooth Fairy? Link to comment Share on other sites More sharing options...
We_are_the_Hearts Posted September 5, 2014 Share Posted September 5, 2014 This stuff is laughable? How much money do folk get paid for this shit? Not one bit of evidence, just like the last time. Our system really is a joke! Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 14s Club has a single loan facility in Laxey Brothers says Rangers QC #bbcsportscot Link to comment Share on other sites More sharing options...
kingdannyb Posted September 5, 2014 Share Posted September 5, 2014 Does Summers actually have to prove anything he says ? Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 14s Club has a single loan facility in Laxey Brothers says Rangers QC #bbcsportscot But they are running out of money fast and unless the share issue is successful or some mythical figure pumps money into them their goosed. Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 Does Summers actually have to prove anything he says ? Good question!! Link to comment Share on other sites More sharing options...
Boris Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 1m Alan Summers QC says talks are at "an advanced stage" with two potential investors #bbcsportscot So why bother with the share issue then? Link to comment Share on other sites More sharing options...
sam Posted September 5, 2014 Share Posted September 5, 2014 Does Summers actually have to prove anything he says ? If the judge believes Summers and the rangers then go into admin in the next few months are there any repercussions for Summers for misleading the judge? Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 (edited) Part of cash raised from share offer would be used to repay some of ?1.5million loan #bbcsportscot "Board and Mr Wallace do not wish to give pursuer (Imran Ahmed) any comfort" says Rangers QC #bbcsportscot Edited September 5, 2014 by Dannie Boy Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted September 5, 2014 Share Posted September 5, 2014 So why bother with the share issue then? I bet nobody asks him that Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 "Board and Mr Wallace do not wish to give pursuer (Imran Ahmed) any comfort" says Rangers QC Link to comment Share on other sites More sharing options...
kingdannyb Posted September 5, 2014 Share Posted September 5, 2014 What does that mean ?? Link to comment Share on other sites More sharing options...
Stuart Lyon Posted September 5, 2014 Share Posted September 5, 2014 If nothing else defending this action is costing them more money. Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted September 5, 2014 Share Posted September 5, 2014 What does that mean ?? They are telling him to GTF Link to comment Share on other sites More sharing options...
...a bit disco Posted September 5, 2014 Share Posted September 5, 2014 "Board and Mr Wallace do not wish to give pursuer (Imran Ahmed) any comfort" says Rangers QC I'll bet they don't. It could turn out to be a very expensive handy indeed! Link to comment Share on other sites More sharing options...
Hackney Hearts Posted September 5, 2014 Share Posted September 5, 2014 What does that mean ?? They don't want to buy him a sofa. Link to comment Share on other sites More sharing options...
Don Dan Posted September 5, 2014 Share Posted September 5, 2014 "Board and Mr Wallace do not wish to give pursuer (Imran Ahmed) any comfort" says Rangers QC Should that not be 'any guarantee that Ahmad will get paid if he wins' Link to comment Share on other sites More sharing options...
Kalamazoo Jambo Posted September 5, 2014 Share Posted September 5, 2014 They don't want to buy him a sofa. Makes sense when you couch it in those terms. Anyone know how long this case is likely to go on for? Link to comment Share on other sites More sharing options...
bobskeldon Posted September 5, 2014 Share Posted September 5, 2014 Makes sense when you couch it in those terms. Anyone know how long this case is likely to go on for? Chaise Long! Link to comment Share on other sites More sharing options...
jambovambo Posted September 5, 2014 Share Posted September 5, 2014 Makes sense when you couch it in those terms. Anyone know how long this case is likely to go on for? They should try to get into the English Leagues by buying, say ... Chesterfield ... And buy a midfield player who can put their futon the ball. Link to comment Share on other sites More sharing options...
swavkav Posted September 5, 2014 Share Posted September 5, 2014 No comfort = we got no cash that can be ring fenced, if it is ring fenced, we will be in admin next week!! Link to comment Share on other sites More sharing options...
doctor jambo Posted September 5, 2014 Share Posted September 5, 2014 What does that mean ?? No lube when Sevco shafts him Link to comment Share on other sites More sharing options...
Musemic Posted September 5, 2014 Share Posted September 5, 2014 "Board and Mr Wallace do not wish to give pursuer (Imran Ahmed) any comfort" says Rangers QC They're telling him they don't use fabric conditioner Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 Current Rangers share issue is not underwritten and high level of confidence it will be fully subscribed Link to comment Share on other sites More sharing options...
Sidsnot Posted September 5, 2014 Share Posted September 5, 2014 Wouldn't it be quicker if someone told Ahmad," look bud,you haven't got a cat's chance in hell of beating this mob,just give up." Link to comment Share on other sites More sharing options...
22HMFC22 Posted September 5, 2014 Share Posted September 5, 2014 Current Rangers share issue is not underwritten and high level of confidence it will be fully subscribed Yeah right ok then, thats all sorted, move along, nothing to see here !!!!! Beggars belief Link to comment Share on other sites More sharing options...
Deevers Posted September 5, 2014 Share Posted September 5, 2014 Current Rangers share issue is not underwritten and high level of confidence it will be fully subscribed Really? This is all about fairy tales and cross your fingers and hope for the best. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 (edited) Financial position is more positive now than it was in February says Rangers QC Alan Summers ----------------------- Positive that they are running out of cash fast. BBCBMcLauchlin ?@BBCBMcLauchlin 55s Rangers will be seeking consent at AGM for a further issue of shares Edited September 5, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted September 5, 2014 Share Posted September 5, 2014 (edited) Why have they still not published accounts? Rhetorical question Edited September 5, 2014 by Toxteth O'Grady Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 Why have they still not published accounts? Rhetorical question They are not due. Link to comment Share on other sites More sharing options...
Poseidon Posted September 5, 2014 Share Posted September 5, 2014 D'oh! It's just dawned on me that this leak of 'bad' news about naming rights issue, Rangers Retal etc is DESIGNED to stop the normal fan shareholder putting his or her hand in their pocket. Consequently the spiv shareholders will oversubscribe and increase their % shareholding. Then at the next AGM they'll have carte blanche to issue as many hundred million shares as they want. Link to comment Share on other sites More sharing options...
Footballfirst Posted September 5, 2014 Share Posted September 5, 2014 (edited) BBCBMcLauchlin ?@BBCBMcLauchlin 15s Most of the quotes from Rangers QC Alan Summers are from sworn avidavit from Chief Executive Graham Wallace AGM to discuss new share issue likely to be " September or October this year" says Rangers QC Alan Summers ---------------------------- They better be quick getting the accounts out if it is going to be in September Edited September 5, 2014 by Footballfirst Link to comment Share on other sites More sharing options...
Jamboelite Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 15s Most of the quotes from Rangers QC Alan Summers are from sworn avidavit from Chief Executive Graham Wallace I would be very surprised if Wallace is sticking his neck out without some truth in these quotes then from Summers. Link to comment Share on other sites More sharing options...
Toxteth O'Grady Posted September 5, 2014 Share Posted September 5, 2014 They are not due. Cheers, I see last years were published on October 1st, not long to wait then. Link to comment Share on other sites More sharing options...
doctor jambo Posted September 5, 2014 Share Posted September 5, 2014 I would be very surprised if Wallace is sticking his neck out without some truth in these quotes then from Summers. His reputation is in tatters anyway, he might as well Link to comment Share on other sites More sharing options...
Jamboelite Posted September 5, 2014 Share Posted September 5, 2014 His reputation is in tatters anyway, he might as well Not to the point that we wants to be standing in court explaining himself in a couple of months. Looks to me like the corpse has some way togo before there is nothing left on it. I wonder who the 2 investors are ?? Link to comment Share on other sites More sharing options...
Hagar the Horrible Posted September 5, 2014 Share Posted September 5, 2014 Not to the point that we wants to be standing in court explaining himself in a couple of months. Looks to me like the corpse has some way togo before there is nothing left on it. I wonder who the 2 investors are ?? The Dallas Cowbhoys and a convicted tax fraudster Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 5, 2014 Share Posted September 5, 2014 BBCBMcLauchlin ?@BBCBMcLauchlin 15s Most of the quotes from Rangers QC Alan Summers are from sworn avidavit from Chief Executive Graham Wallace AGM to discuss new share issue likely to be " September or October this year" says Rangers QC Alan Summers ---------------------------- They better be quick getting the accounts out if it is going to be in September Noticed required for AGM means october at best,september a clear fib. One of many fibs to air in court today! Link to comment Share on other sites More sharing options...
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