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20 Nov 2014 15:41:56
If there is any legally minded people on here can u please explain this that someone has just put on a social network site here goes, R. F. C 2012 formerly the rangers football club company number ac004276. Notice is hereby given pursuant to rule 4. 13 of the insolvancy (scotland) rules 1986 that the annual meeting of creditors of the above named company will be held within the merchants house Glasgow on the 9th December 2014 at 10am for the purposes of receiving the liquidators account of the winding up.
James Bernard Stephen
Joint liquidator.
r. f

r.f

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R. f
I am not legally minded but I think this is self-explanatory mate
BDO, the liquidators, are having a meeting as is required by the insolvency rules and have invited all the creditors of RFC 2012 to give them an update on the winding up proceedings, be interesting to see what they tell the creditors though

JG

JG.

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21 Nov 2014 09:33:49
Cheers jg got myself into a panic get it now.
r. f

r.f

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BDO got £24m settlement from collyer bristow and creditors will be paid from the money

bigtrfc

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No danger that will be happening

Kirkcaldy loyal

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Nothing will be paid out til after the big tax case, BDO asked for £24m but they settled out of court so doubt very much if they got £24m

mullad

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18 Nov 2014 16:08:48
On ssn. Craig Whyte arranging to return to UK to help police with their enquiries.

Blueice

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18 Nov 2014 16:30:28
some good news at last will believe it when i see him in uk tho i hope to god he starts telling the authorities what they need to no especially about that other chancrer green

craigs8688

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I suspect he will be flying in to sing like a canary to save his own skin.

Blueice

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Trying to show he has nothing to hide. Walter Mitty rides again. Alleged greed of a not to clever selfish individual eventually catches up with him. He must be s***ting himself.

SCOTTG65

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I will believe it when see it. This guy has an alternative agenda if he ever does turn up. I bet he has tapes of all transactions and is willing to do a trade off. I can't wait to see th Hollywood blockbuster of this as you could not ake this up.

OCRSC

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18 Nov 2014 06:25:41
We are currently in the middle of revamping your accounts on the sites to create you a proper profile, with a profile pic, information about yourself and showcasing your progress in our games. There will also be profile badges to be won and shown off there, plus you will still be able to see recent posts made on that page.

Right now it is still being worked on, but you can upload a profile pic which will be shown on the page seen when other people click on your name under a post. You can find it in your account by clicking on the tab labeled 'my recent posts' at the moment, though the tabs will be cut down to just 3 options soon, as you will be able to edit your profile on your page when it is completed.

The first batch of profile badges to be won will also be released soon, all of those will be won by playing our free to play game, Flat Out Horse Racing - http://www.footballrumoursbets.co.uk/games/flatouthorseracing.php. Thanks to all of you who are helping beta test that at the moment in its flash guise.

It is currently being converted to HTML5 to make it available for the iOS and Android users who can't run flash. We are also going to create a prize draw, as a thank you for those who are helping to test the game, which will be entered by buying tickets using the game money.

Ed001   Ed001
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18 Nov 2014 05:27:33
Am I dreaming?

Did I just read on BBC News Collyer Bristow ( Craig W's lawyer ) have settled out of court to pay the Liquidator 24mill?

Very suprised no one else has posted this as has been a news item since 5PM today.

This is on top of the charges in court today for the 4 arrested last week.

Will the truth finally becoming to the surface or has Collyer Bristow settled to pay for their silence for being involved?

You also have to ask who else are the Liquidators or Police persuing?

DouneBear

DouneBear

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18 Nov 2014 07:09:06
Its the BBC that says £24m BDO say they settled out of court so it could be a lot lower. No creditor will get a penny of it til the big tax case is finally settled,and that will take years yet. I've said on here before HMRC will take it all the way to England that's always been the plan

mullad

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How far will this whole thing go, arrests, 24 million compensation and then there's Charles Greens takeover and the current board. Did whytes tapes not implicate Charles green in this whole affair?. More front page news to come I expect and I just hope rangers can survive this. Troubled times ahead.

PB1

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It is £24m and they plan to make an initial payment to creditors in Q1 next year. Their report is available online now

StEddy

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17 Nov 2014 13:55:52
Heard from a usually good, reliable source last night that the word from inside ibrox is that both mike ashley & derek llambias are seriously considering making dennis wise director of football at rangers and sacking ally mccoist & all his coaching team & replacing him with gianfranco zola as the new rangers head coach/manager, I do know ashley & wise are very friendly, don't shoot me down fellow muckers, I'm only sharing with you what I've been told, what's all other rangers fans thoughts on this piece of news/rumour if you like? ?

Coisty Nine RangersToTheCore!

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It would be nice to see a new management in place because clearly ally isn't getting the best out these boys. But I don't see this one happening.

GovanFront7

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17 Nov 2014 21:18:37
Hypathetically, what do my fellow bears think should happen if we lose at tynecastle. Personally I would have given ally his jotters after throwing away all those points to celtic. This nonsense has gone on for too long. I will not be returning to ibrox until mccoist is gone!

david c

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16 Nov 2014 17:46:36
Murray's £1 sale to whyte did NOT include Ibrox and Auchenhowie.

billyb

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Hi Billyb

If you are correct and I am not on here to question your reasons for stating this.

Then the share issue from Green and co must be looked into with afine tooth combe.

If they were listing assets that did not belong in the share offer the police will have to make arrests for fraud.

But if SDM does own the assets he would have said so by now.

Tune in to next weeks excitng installment of the con of the century!!!!!!!!



DouneBear

dounebear

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Billy B can't believe that mate we all know CW is a con man but why take on all the debt that could have come from the big tax case and another debts shown in BDO (number of creditors). Take all that on for a football team with no stadium or training ground.

mullad

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Billy b your way of the mark with that one bank of scotland lifted their security to allow all assets to go to whyte for the pound from murray once they had reiceived the 18m from whyte via ticketus this is where the major fraud liess because at that stagge whyte did not control rangers or the right to season ticket monies because whyte had to show the bank of scotland and murray that the money was in whytes lawyers client account

wull61

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16 Nov 2014 08:10:10
Rangers are interested in Tranmere's Max Power.

GovanFront7

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16 Nov 2014 03:38:22
I see the police are also looking at Charles green and his consortium during and after he bought the club, things will get very interesting in this whole affair,

Billy06

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It's pretty Brutal, every day you open the paper there is something else about us in it. When will it all end?

GovanFront7

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Custodial sentences or fines will not bring our club as we knew it back. so what's the point, all fans should go back and watch them

ibrox4ever

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Billy I came up to try and expose the 2 frauds I believed were perpetrated at/to Rangers a long timre ago. The first is one obviously coming to a head with what I hope will be a trial and convictions. Firstly the downside, these people are professional at this lark, they are linked to many many other questionable liquidations/asset striping and more importantly redistribution of the cash they can remove from every possible source of the "asset" until it is deemed ready for handing to the administrators, in this case the administrators are part of the fraud. The more smoke and mirrors/paperwork they generate makes it so complex the burden of proof for courts is hard to get a conviction (this is why the police have taken 2 years to bring this to court). On a positive side they appear to have concrete proof linking at least one of the 4 persons to prior involvement in the purchase of Rangers by CW. If the sentences being banded about can be shown to these 4 as a reality (5-7 years potentially), then you may see someone grassing the others. My nomination for that would be Whyte when they catch him he will be the most likely to cave in he is also likely to have tape recording linking Green/Ahmad/Stockbridge et all to the 2nd stage of the 'fraud' CG and co striping vast quantities of cash from the Rangers bank to associates that i voiced countless times for "consultation" fees, there is I know evidence linking Stockbridge and a former secretary to 300k invoice to a "consultant" that carried out NO SUCH WORK (this is where the 2nd stage of the 'fraud' becomes fraudulent scheme the intentional stripping of cash by directors for no seeming gain to the club. if they can prove this), this again is possibly a major problem for the 2nd lot of persons. The best we can hope for is the first gang of 4 and Whyte get guilty and drag Green and Co down with them. any sign of this happening will see the current regime possibly panic and finally offer King/Kennedy etc a deal to buy them out. my belief is that Green has been involved all along as puppet master hence Mather/Stockbridge/Ahmad/Easdales all still being involved with Rangers after Green supposedly left and ALL linked directly to Green. I hope and pray we get rid of them and get our football club back and finally have some honesty and pride restored to Glasgow Rangers we as fans did not deserve the last 2 years. RTID. george

george

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14 Nov 2014 18:19:50
Just read on bbc new website arrest warrant issued for Craig whyte

Blueice

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Christmas comes early ????

JG

JG.

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15 Nov 2014 18:05:25
Mccoist should be arrested, he is murder as a manager!

david c

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14 Nov 2014 12:13:35
Rangers and Aberdeen interested in Graham shinnie

Daily express

jamessmithrfc

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14 Nov 2014 11:52:34
"Four men held over Rangers takeover in 2012Four men have been detained by police following an
BBC Scotland understands that the men were held during early morning raids at addresses across the UK involving officers from Surrey Police and Thames Valley Police".
Unfortunately Whyte not one of them.

OCRSC

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Interesting story. Any ideas anyone as to who the four men might be if not including Whyte (goodness knows why not Whyte). Could they include Green?

DOIGER

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Not even on sky sports yet. Awaiting more info. Just raging Whyte not one of them.

OCRSC

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Not going to be Green, since this is the 2011 sale, not the 2012 one.

DisinterestedExpat

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Four men detained over the 2011 Rangers takeover

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-30053692

DisinterestedExpat

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14 Nov 2014 13:11:56
Love it if it was proved a fraudulent sale. All hell would break lose. Looking forward to all the rumours.

OCRSC

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14 Nov 2014 13:38:14
Duff and Phelps employees are two of the guy detained. Statring to hit mainstream medaia now.

OCRSC

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Bit hard to get whyte when he's not in Britain, but he will defo be detained over this.

Ferguson6

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Arrest warrent has been issued for craig white

tommzz

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14 Nov 2014 07:32:54
looks like were interested in shinnie from ict, is this the end of wallace ???

boyblue

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12 Nov 2014 11:02:26
Mike Ashley lends Rangers another £1M in an amendment to his initial £2M loan offer. He has also handed back naming rights to the stadium to the club. Statement to stock exchange. Nice gesture from Mr Ashley.

nothingbutthestruth

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Yeah it seems to be a good sign but I wonder if it is a gesture of goodwill and intent or a clever PR stunt. I hate feeling this way but after so many false dawns.

Bluegenius

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06 Nov 2014 12:20:08
Heard and seen rumours that Mike Ashley is going to give Rangers 10m in January to build a team for next season and hopefully win us at least one cup final, it's a rumours page and just a rumour I heard so don't go slating me haha

Disco95

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06 Nov 2014 15:11:37
This was the same amount I was told. I reckon it is true, my only concern is what gaurentees Ashley gets in retrun.

NothingButTheStruth

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I wouldn't give ally £10 never mind £10m who will he bring in andy goram and mark hateley on 20 grand a week each

bigtrfc

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06 Nov 2014 17:22:24
I'm sure one of the lines in the song DISCO. Is Incredible ?

tommy45

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I'm going to have to say rubbish I'm afraid! 10 mil would be nice but I think we will be lucky to bring in two players on loan

GovanFront7

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This nonsense has spread across social media with folk claiming it has come from the Daily Mail. Not one credible link has been found to suggest that this is true. Probably come from the East End of Glasgow and they will be hee hawing about how far it has spread

JonnoSTB

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£10m war chest, hmmmm.

Cuillin72

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Disliked Rangers investor facing boycotts of sports store for which he makes a mint from replica kit, decides to promise the earth to a loyal following just prior to the christmas pressie buying season?hmmmm.

whome

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I have heard the 10m will be for Lewis McLeod that's way he can get cash into the clubs without breaking SPFL rules

ibrox4ever

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Ashley can invest as much as he wants into the club as long as he does not own any more than 10%. If i had the financial clout I could invest but don't have to purchase any shares. he wouldn't be breaking any rules.

krissa

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02 Nov 2014 21:32:56
With the risk of celtic celtic losing players in January and the moral fact their awful I think we have a good chance, Mike Ashley supposingly loaning us Rolando Aaron and some boy Armstrong!

LeeBoy12

{Ed039's Note - Rolando Aarons is well in the thoughts of the first team at Newcastle, he will not be joining Rangers on loan)

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With the prospect of Celtic adding to there pool of players come January and the fact we will be playing games in the "other whatever its name is cup" and playing catch up to Hearts. Not every thing is rosy in our garden, i'm afraid to say.

ALLY

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Winning this semi final would ean more money for ashley obvcourse he'll give us a player or 2, maybe not Aaron's but still

LeeBoy12

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07 Nov 2014 10:49:39
More of a worry what happens if someone comes in for Macleod & Wallace and we accept it ?
r. f

r.f

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27 Oct 2014 11:42:00
Mccoist called into meeting by the Easedales today to be sacked or forced to tender his resignation. Just a rumour I have heard. What do you think?

js54rfc

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Greaseddales says Rangers not changing manager

Mcc the knife

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27 Oct 2014 13:28:02
Easedale says no agenda on changing the manager. This is nonsense in his statement this afternoon to the BBC. Sandy Easedale is a hypocrit. He and his brother brough in Wallace and Nash and because they stood and said "No" to Ashley that his interests in the club were not the best for the business they are now firewood. Why don't James and Sandy fall on their sword and take responsability for the failures, always quick to blame Green's tenure. And how does Sandy Easedale know so much about the Ashley deal when he is on the football board only. Governance is atrocious share holders should call for a police investigation.

nothingbutthestruth

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27 Oct 2014 14:51:53
Cant see it as he's just been on 2 t. v news programs saying the sacking or removal of the manager is not on the agenda.
r. f

r.f

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As soon as I put my post on, I seen the news confirming my rumour as being false.

Is that the dreaded vote of confidence though from Easedale?

js54rfc

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I really really really hope that Ally gets kept on as manager. But i'm biased, i'm a Hearts fan ;)

AllyB

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27 Oct 2014 08:51:08
Wallace resignation announced

JG

JG.

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27 Oct 2014 10:22:55
I reckon Wallace will seek damages, his position became compromised by the actions of his employers. The action of his other board members would see Rangers be vicariously liable. Take it from someone who deals with employment law, I think he would be succesfull his reputation has been tarnished and he has been undermined. The £2M loan from Ashley could end up in Wallaces pocket for damages. You better believe he will be given hush money. Wallace knows stuff the remaining board won't want the fans to know.

nothingbutthestruth

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I'm also hearing a rumour today that Mccoist has been called into a meeting with the Easdales to either be sacked or resign. Anybody else heard this?

js54rfc

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Nbts calm down mate, is it no possible he's been pumped because he never performed?

JG

JG.

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27 Oct 2014 08:04:44
Wallace resigns I hope he spills the beans. as long as the greaseddales are involved in our club I am finished going.

Mcc the knife

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He won't
he'll line his pockets and disappear into the sunset

bil72

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26 Oct 2014 21:52:28
Well done to the winners of the October Correct Score Competition
1st - tomhen 32 pts
2nd - rosowl 29 pts
3rd - ormerodm 28 pts

The page has now been updated for the start of the November comp - Good luck to everyone and a reminder it is open for everyone to join in.

Cheers
Ed 003

Ed 003   Ed 003
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26 Oct 2014 13:05:39
Was told last night that the Ashley deal will not cost the man a penny, the money will come out of Rangers retail pot the money we have put in with buying strips, and other merchandise. This is money that will come to the club as per contract but Ashley letting use it now and looking a hero. I said on here on many occasions that the club is not viable in it present form we need £16m to made to the end of the season so next year we will need £32m in loans to survive, its just not going to work. All we want is investment in the club BUT we are overspending in ever department, we have to go back to the drawing board. 95% of the clubs in Scotland live within their means WHY can't we. I know its not happened this season but players and staff in hotels the afternoon/evening before a game is just a waste of money to try and make us look like the big club we used to be, the same as cancelling games because dean sheilds is in the Northern Ireland squad, this is ally saying look at this big club, we need to grow up grow a pair and face facts

mullad

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26 Oct 2014 14:17:03
Well written m8

tommy45

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Cheers tommy it's from the heart but using the head too. We can't survive this way looking for loans and investments every month or so remember it's just over 40 days since we got over £3m from a share issue plus £2m from Ashley (well maybe not read my post above) that's over £5m in 40 days and it will be gone soon- Aberdeen won't spend half that much in a season. I would go for admin 2 and hope we can rid our self off some players/staff/ Do we still have a bus driver on over a grand a week ??????? think about it guy these good Rangers men I right

mullad

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Quite agree.

DIAMOND

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Just to add about these GOOD Rangers men has anyone ever heard anyone who never looked at their contract before signing it ?????? then agree to half the wage you didn't know you had in the 1st place- where else would ally and his cohorts get this gig for these wages all GOOD Rangers men

mullad

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This loan is for 6 months apparently ?

So in 6 months, how do they pay back the £2m ?

The loan is secured on assets, one being what could be described as a fantastic area for development.

So in 6 months, when Rangers can't pay back the £2m, Mike Ashley then gets the car park land and another building that is also in the agreement ?

So he's got land worth more than the £2m he "paid" for it.

Then what ?

Seeing as the Easedales have been supporters of his, do they get anything out of it ? You know, preferential sale rate for part of the land or the building for one of their many business' ?

footyfan1971

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26 Oct 2014 10:37:28
The newspaper also reports that the club has rubbished reports that it was only 48 hours from administration.
r. f

r.f

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I hope when wallace goes he lifts the lid on all the going on's at ibrox. if i had 1 question, it would be. what was easdales take on king and kennedy offers, keeping in mind the club had no money. i think it would go like, so sandy to good offers we can't refuse, all say aye. sandy. no comment.

laudrup22

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26 Oct 2014 13:29:02
Would be interesting !
r. f

r.f

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I don't beleive anything that board say especially the greasedales.

Mcc the knife

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26 Oct 2014 10:06:55
A newspaper reporting that there's not much the people at sfa/spfl could do about dual ownership and uefa would only get involved if Rangers & Newcastle were involved in the same Euro comp.
r. f

r.f

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If possible i would like sfa to see rangers books, king never got to see them on 2 takeover attemps. wonder why?mabye because the hidden men would be in there. after all that's happend, the board said they would open better dialog with fans. they can't even stand on the steps at ibrox and explain why they took mk offer over to better ones?how the easdales can show there face in public is beyond me.

laudrup22

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26 Oct 2014 13:46:39
Again same newspaper also saying ashley had an undertaking reached 3 year ago involving him the club & the sfa that he would own no more than 10% of the club the agreement was put in place to protect Rangers and avoid another whyte disaster at the club.
r. f

r.f

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25 Oct 2014 14:23:05
Radio reporting in the wake of the ashley deal that a senior source at Ibrox has told them that Rangers we're 48 hours from administration and that administrators had been contacted.
r. f

r.f

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Don't believe it probably to make it look like Ashleys our saviour

jhd

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I was wondering who would be the first to reject this snippet of news based on the fact that the BBC reported it and it doesn't fit in with what they want to believe.

STYAB

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If its true why was king and Kennedys money not good enough the senior source who reported it is probably easdale we are not daft and had enough

jhd

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If this was true why not accept investment from king, Murray and let ham rather than borrow money when the club was 48hrs from admin and why would Ashley be so desperate to loan money to a club on the brink of administration if they maybe unable to pay back that loan.
If you think people would disagree with the story on the back of it coming from the bbc or that it doesn't fit in with what they believe then you obviously haven't looked at the facts unlike the majority of people on here who have been warning you about Ashley, the weaseldales, green, whyte etc for the last 3 years

northger

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@jhd, it's a bit naive to think that there are not other reasons why they didn't accept money from King or Kennedy. Ashley is probably in cahoots with the current board. King and Kennedy would probably want to upset the apple cart.

@northger, if you want your posts to be taken seriously by me, quit using stupid playground names for people you don't like.

STYAB

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Sorry STYAB,

Predictive text can be so helpful sometimes and also so accurate. Is it james or sandy I'm speaking to by the way.

I would take you more seriously if you actually had anything sensible to say.

northger

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25 Oct 2014 19:10:35
More poison fed to the press by toxic Jack Irvine. I sent back my season ticket today with a covering letter simply saying "not fit for purpose" This is no longer the Rangers I have supported for 35 years, this is a tribute run by scammers and fraudsters. I won't be back until Easedales gone.

nothingbutthestruth

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Norther and nothinbuthestruth we'll in to both posts

Pablos

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A few points here fellow bears:
Mike Ashley has shown the colour of his money - other people Dave King etc did not ! Mike Ashley has now effectively made himself responsible for Rangers FC -Our club will not go into Administration now whether we as the fan base like or support Mike Ashley as h it would not be in his interests to allow it - Unlike the other shysters we have had he has the financial ability to prevent another disastrous period at the club - I am a season ticket holder who didn't stay away, what does staying away achieve - absolutely nothing, we now collectively have to get behind Mike Ashley and hopefully he takes our great club forward - Looking at it from a head not heart scenario I think this is what we needed - other so called fans have had numerous chances to show the colour of their money but have failed miserably to do so - Mike Ashley has waited to pounce at the right moment, that fellow bears is what hugely succesful businessmen do who actually have the cash they are supposed to. I also feel the departure of Wallace and Nash will be no loss to us. Heres hoping we are finally on the way to a sound future.

greg202

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Greg202. what cloud have you been hiding in? If you believe MA is going to take our club forward?
He is a money man a "making "money man. not a losing one. Rangers have a huge fan base and as such MA like he did at Newcastle will always be happy making millions from the merchandise side of the club. He will not and has a proven record on this, bankroll our club in anyway. WE will make him money not the other way round. yet again some of our support think we "have a sugar dad" in place who loves us greatly. That is not the case with MA he only likes,,,,, himself.

ALLY

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Ally, I don't think for one minute Mike Ashley is a sugar dad, I am not that stupid, but he is a highly succesful legitimate businessman who obviously sees an opportunity for himself, of course why not, but he doesn't need to skim or scam money from our club like the other shysters who have been hovering - he will invest with other shareholders to get the club on a sound footing and back to where we belong and then he can make more money! otherwise he would have no need to invest - he's not particularly short of cash like previous w*****s who needed to raid the club as they had no other visible source of income

greg202

{Ed001's Note - he doesn't need to but that is exactly what he does at Newcastle.}

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Well ED let's take into account the 7 signings Newcastle made in August - who funded that - yes whether you like it or not it was Ashley, also the scouting system he has funded at NUFC, brought in young players for small money the sold them 2 or 3 seasons later for big money, that's business, I think Ashley is not bad news - give it some time and if I am wrong you are all welcome to lambast me from the highest buildings in London - until I am proved wrong just think of the 48 hours we were away from Administration, and don't come back and bore me about Brian Kennedy et al who always seem to be there at the last moment but produce nothing - why don't they step forward if they are serious players in the weeks leading up to this latest fiasco ! while i am on here Paul Murray and Dave King were on the previous board which failed miserably, that's why Ashley did not even talk to them - let us be thankful bears that we have secured funding and hope for the best, and by the way just think about every c****c s**t kit that Sports Direct sell its potentially going into our coffers ha ha !

greg202

{Ed001's Note - he did no such thing, the club funded them through sales. Why lie about it? He never funded the scouting system either, the club did. What do you intend to achieve by making up crap? Sports Direct provide no funding at all, nor do they pay for turning St James' Park into a massive billboard for their crap.}

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Right ED i will reply one last time, remember we are talking about business here, so NUFC the club funded the scouting system and the signings - who funds the club, doh! THE OWNER and do not accuse me of lying - NUFC are in a far superior position now than with any of the previous owners financially - we shall see what happens within the next few months, I at least am trying to be upbeat about it and not another doom and gloom everyone is trying to shaft us merchant ! The Blue Knights, Kennedy, Murray etc all had numerous chances and did SFA - positivity is now called for and unity - with that I've had my say many thanks to you all - look forward to the coming 90 days changes are afoot and for the better

greg202

{Ed001's Note - the fans fund the club, doh! You clearly have no idea what you are talking, so please go away and learn something. They are not in a far superior position, they are in major debt to their owner, which he could call in at any time or if something happened to him they would have to repay that debt. Also, they have no income from advertising hoardings or most of their merchandising, which instead goes to Sports DIrect. Only a fool or someone who is ignorant thinks Newcastle are in a stronger position due to Mike Ashley!}

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24 Oct 2014 18:24:06
Nash resigns, Ashley to get control with his own men on the board.

Mcc the knife

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When do u think we will see a mass and i mean a mass protest protest against these clowns running the club. surley now even with some of our fellow supporters going to ibrox will now stay away.

laudrup22

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Mcc the knife I also read that the loan from that special one, has got mr Wallace also to be removed as part of the deal, Ashley is another hitler imo

Pablos

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24 Oct 2014 15:03:39
Daily Record reporting that the board are considering an offer from Mike Ashley now that King is gone. It was always going to be the case as long Sandy Easdale is a Major shareholder (proxy vote as well) so wanting him off the board matters nothing as he can still pull the strings on it or off it.

G4ry

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(8)

24 Oct 2014 15:57:40
If the board sanction Ashley's conditions the fans will walk away. There will be no club for him to bleed money from.

NothingButTheStruth

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(1)

Where now from here? Stay away from ibrox? Sports direct and mcgills?

Inverbear

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(1)

24 Oct 2014 16:23:42
Mike Ashley has made an emergency loan offer, haven't we had enough of loans?

johncs

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(1)

24 Oct 2014 16:48:23
Brian Kennedy now made a counter offer to Ashley, reported it won't need boardroom approval.

johncs

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(1)

Must be going to be excepted why else would Phillip Nash resign.

soton bear

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Hi call me stupid if you want but why doesent Kennedy's offer need board approval

true-blue

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Inverbear
I already do all of the three thing you mentioned, but each to there own, only that person decided what you choose to do and you please don't be led !

Bongo

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23 Oct 2014 15:51:16
Does anyone know if king is still in Glasgow everything seems to have gone very quiet I thought we were to get a statement today, all very worrying.

soton bear

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I don't think its worrying i actually see it as a positive mabay he's having talks with easdale

Rossw01

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According to radio this morning. mr King away back to south africa - no deal done. ahley seems to be the problem. again.

martyb125

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22 Oct 2014 01:04:40
ed just read dave king wil be making a statement on his rangers bid tomorrow after the liverpool game before he heads back to south africa i hope its good news

tmwtn

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I realy want to be optimistic on this going through. if the easdales have a shread of rangers best intrests they will have helped. if they blocked it, i would hope our fellow supporters see that they don't give a dam about rangers or what the fans think. i would hope a mass boycot of home games comes into play.

laudrup22

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(1)

I am 61 years old and been rangers daft as far back as I can remember and if the easdales block this then I for one will never be back at ibrox unless this sorry mess is sorted from elsewhere which I doubt very much

true-blue

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True-blue

im 60 I have been Rangers daft as far back as I can remember I have had a S/T for over 35 years shareholder in both companies but i'm with you if this is blocked and the Easdales and Ashley remain I will not return next year sad as that is but enough is enough

Cooperboy

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(2)

22 Oct 2014 14:11:29
Hard to say, I optamistic because Dave King was invited to return to discuss the matter further. I can't see King returning to go through matters further if there was not already some informal agreement from the larger share holders.

nothingbutthestruth

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(1)

"after the Lpool game" !! WTF

he has to wait until he watches the Lpool game

seems like he is going to make his statement on the steps of the plane back to RSA, and say I tried my best but the big bad easdales widnae let me,

too little and far far too late King

JG

JG.

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(0)

22 Oct 2014 17:17:23
Rumour is Dave King will make a statement in the next few hours

gordy82

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Dave king in talks with sandy easdale looking good

true-blue

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Jg did it neveroccur to you he might be meeting somebody at annfield somebody that could be involved in his camp or in his interest thus in our interest

tmwtn

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Maybe he's at Anfield looking at players for supers January title push lol.

soton bear

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Soten bear any luck he could be looking out a new manager eh lol lol

tmwtn

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Well it looks like the brothers grimm have been told to veto Dave Kings move. I hope I am wrong but if not surely this has to trigger an out and out boycott of everything from matches to club stores to sports direct to mcgills buses!! But then again as a fan base we couldn't agree on the colour of poo so I guess we will trundle on at least for a while?!?!

BallochBlue

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King won't issue statment at the minute when talks are ongoing i would say no news is good news although i don't think it will happen in the short term

wull61

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According to BBC website King is indeed heading back to South Africa but has made a statement about Easdale, his offer and Ashley. Seems like Easdale is to mull over the offer and Ashley didn't respond to King's request to meet. If that is the sort of man Ashley is we certainly don't want him to take control.

DOIGER

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Doiger after reading about Ashley's. Greed at new ute we don't want him or his likes near our club mate

tmwsn

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20 Oct 2014 09:50:14
Im under the impression that we will know what's happening with the King takeover bid in the next few days. I really hope this can get pushed through as i dint know how much more of this i can take. King will need 75% of current sharholders to vote FOR a share dilution. Ashaley owns 9% with easdales having proxy rights over a further 26% so that's 35% in total. Now bears do any of you think that King has done a deal with either ashley the easedales or either margarita or blue pitch? Because if he hasn't spoke to them or sounded them out then i don't think there's anyway to get this deal accepted. What do you think fellow bears???????

Rossw01

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20 Oct 2014 12:18:21
Even if he gets agreement with the board they have to call an EGM (at least) giving four weeks notice ot effect a vote. Personally, I don't see a deal happening.

If DK does do a deal and puts in £16m for 51% he then has to offer all the other shareholders about 50p per share under the takeover code and I think there would be a lot of takers at the current price. That could mean finding another £25-40m with none of it going into the club.

I think this is all for show

StEddy

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He doesn't need to offer 50p a share mate youve got that wrong. He just has to make AN OFFER of any kind. Why would he have to offer more treble what the shares are worth? because after a share issue that's what they will be worth.

Rossw01

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(1)

It's not just any old offer though. The takeover code is pretty clear that it is the highest price paid in the last 12 months that must be offered.

StEddy

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Rossw01 i can't see dave king going to all the hastle and expence and time unless he knows he will be involved in some way i also read else where that he has had talks with the unknown share holders but we will just have to wait eh surely we won't have to wait much longer cause the funds are running out at ibrox

tmwtn

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(0)

StEddy can you show us all the prof of this? I highly doubt this would be the case mate are you trying to tell me that if a company is about to go bust and there share price is at 2p and i went in and bought a controlling stake through a new share issue then i would have to offer all exsisting share holders the highest price the share has been so for example 3 quid a share if that's been the highest price? AGAIN i think youve got this one wrong but please prove me wrong give us a website or link to see this on.

Rossw01

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This is the section from Takeovers Directive (2004/25/EC) (the “Directive”) by means of Part 28 of the Companies Act 2006

The following is a brief summary of some of the most important Rules:

When a person or group acquires interests in shares carrying 30% or more of the voting rights of a company, they must make a cash offer to all other shareholders at the highest price paid in the 12 months before the offer was announced (30% of the voting rights of a company is treated by the Code as the level at which effective control is obtained).

FlyFifer

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Thanks for clearing that up FlyFifer. So this could infact cost King a fair bit more money

Rossw01

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Rossw01

Yip - an awful lot of money.

Note it also specifies "PERSON OR GROUP" which would prevent several people forcing through a takeover by stealth where none of them breach the 30% but their combined holdings were greater then 30%

FlyFifer

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Thanks FF. Sorry Ross, I've not been on today or I would have answered myself

StEddy

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If DK is serious about not giving a penny to the existing shareholders (Board) then they need a extra rights issue of 81,000,000 shares which he will buy up to get the 51% he wants buy he will then also need to offer to buy the original 81,000,000 shares at 50p a share so he will need to drum up £40, 500,000 for them as well !!!

Can't see him doing that somehow.

Who's going to finance him for that - it's noticeable that when he talks about investing, it's always as a front for other peoples money, not his own.

FlyFifer

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Flyfifer its always other peoples money phhh were are you reading that or as jg would say don't believe everything you read in the newspapers

tmwtn

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If dave king is allowed to get involved he is a business man he will not be going in with his eyes shut ffs

tmwtn

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17 Oct 2014 18:04:18
rumour going about Souness has always behind the scenes and in with Ashley& King with David Moyes in line for manager & part of investment team

ibrox4ever

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Can i get a glass o whit your on i would love to see souness at ibrox again but keep up with the swally

wull61

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Wull61
Souness is defo in the mix, but wants the correct ingredients ie Ashley, Kinig & a top manager (but no one on an ego trip) He brought Supper MO to the marble steps and into our family, so watch this space.

Key date Jan 15 and all will be revealed

ibrox4ever

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Think it will all have to be sorted long b4 Jan 15 mate.
r. f

r.f

{Ed039's Note - Of course it will because there are wage bills to pay before hand. Plus if DK is to get 51% of shareholding through a share issue then they are going to propose this at the AGM which must be held before 31.12.14 - and before that to stave off administration)

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18 people here (and counting) must be taking some sort of drugs - David Moyes at Rangers? Get a grip. I have certainly heard the stories about Souness being involved but the rest is fairy story

JonnoSTB

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(1)

Jonnostb david moyes lol his name has obviosly cropt up because he said he was ready to make a return to football maybe santa clauss will get mentioned shortly cause his name usually surfaces about this time of year

tmwtn

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Hahahaha hahahahahaha made my day this post good lad

Jones

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17 Oct 2014 09:41:51
I have it on very good authority that the board will give Dave King a decision today 17/10/2014. King apparently gave them 7 days however they are ready to respond. I obviously have no inside info on the outcome but at double the going share price watch the trading site for any exchanges as an indication.

nothingbutthestruth

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17 Oct 2014 12:32:26
It's not double the going share price though. It relies on a new issue of shares to dilute existing shareholders

StEddy

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Its not double the price mate yopuve got that one wrong just like i did during the week

Rossw01

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Should King get his 51%, would the value of shares increase as a result of stability? or decrease as it's likely they'll be diluted in the share issue in which he buys his 51%?

bobbybeag

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Nbts your good authority was wrong eh

tmwtn

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