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I would respond ff but I fear it would be like teaching my dog to play chess. A thankless task with no reward.
Serious questions 1) As you constantly go on about King owning or controlling the club, can you explain how this is possible with his share % ? The fact he may be the largest single share holder is irrelevant. 2) You mock the fact this board has loaned £1.5m and ask "what next" So i ask you, had the previous board prevailed and drew down the 2nd £5m then what next ? The club would be in debt to Ashley for £10m, he would hold all assets, be in control of various revenues, be unable to pay loans back as ST sales would plummet especially when fans found out the club had been shafted over the 5 loanees. At what point would Ashley cash in on his debts and pull the plug. Imo, the club has a long road ahead with this board but is was heading for a cliff with the last lot.
you have to wonder how on earth we failed last time - when so many smart gers men.... but then alone comes cambridgeblue, blue* and stu (the celtic fans masquerading) and realise its guys (kids really) like this that made King and Paul Murray so wealthy. smart investor need to read, analyse and work hard to make a buck and avoid spivs and fraudsters... 2 days till end of board.... see many posters elsewhere - but stu/Cambridge though.... only here.
He's done some reading. The games up.
They are both likely to be more accurate than the fantasist from Cambridge who like his heroes Paul and Dave is very economical with the truth. Having done some reading it looks like one of the big four accountants would have been falling down in its duties if it hadn't reported to Company's House it had resigned within 28 days. 21 days for RIFC to object to the reasons being disclosed and a further 7 days for the resignation with or without reasons. 28 days takes us back to when the old board had either conceded defeat or it was actually confirmed at the egm. Deloittes have walked as a direct or indirect consequence of the egm
ill Phil says new board sacked em, ill Bill says they feared for their safety - which fantasist will you choose to believe ?
so slitty you were going to go on holiday and give us a rest for two weeks who is the glib and shameless lier now ..
If we are delisting - them interims last AIM:RFC statement, and with Deloittes leaving how much did it cost to get others to review these interims at short notice.... wont that be other £300k gone ? Its far to murky pmg hinting board let deloittes go.....
The club has been on a drip feed to debt and loans since, well, before my kids were born now, a 25 year addiction to debt isn't good. But, the Scottish press and gullible fans bought into it. Really, quite shameful. But, hey, he is a Rangers man so, can't wait to see the vision for being at the top of Scottish football in 2022. Wow. That's a way off. In real speak, it means..........we are broke, and need to raise funds. An embarrassing bunch. The club deserved better. It really did.
Who will be next to do walking away from this incompetent board?
TheMensch - Well there was the excellent away win at Hibs which raises hopes of promotion. However off the field it is the perennial whip round for more money. King reckoned on £10M a year. If he covered the losses then a mere £16-18M per annum would be enough. Should be easy for someone who had such a favourable outcome with the tax authorities.
Paul Murray's seven year plan includes a Rights Issue. His boycott, and Green's artifice put paid to £25M that was raised and now he wants the fans to dig deep to support his new board of shysters and freeloaders. But hey, guess what, they are Rangers Men so their offer is sure to be over subscribed? When will King release the £30M he promised?
Stunning stuff. Smashing. Things on the pitch looking up. Last victory against part time Cowdenbeath. Now, that is excellent progress! You must be so proud.. Now then, off the pitch, the uncertainty continues and the club has its shares suspended and the fans wanted a crook at the helm. This is a club which can't spell dignity or class. A pity. I enjoyed my few days up there in the Thornton and Argyle suites. A hopeless stock. 2022? Now, that's what I call a vision, which means, there is no money to rebuild, but, please, dear fans, the Rangers word for........well, can you give us a loan please. I am amazed that some folks on here are taken in by this nonsense. The club is broke, voted in a crook, suspended shares and a seven year plan for the future. It really is beyond a giggle.
King could not. His ill gotten gains had been frozen by the Serious Fraud Office. However he's still Chairman material in your eyes.
The news that Deloitte have walked away in the past 14 days is yet another clear sign that no-one will do business with King. Delisting now a racing certainty. King has effectively bought Rangers for £2M. He has out-spivved Green.
The original posters point seems to have been subject to the same spin that Paul Murray is employing with his seven year plan. Deloitte have walked away and have done so in the last fourteen days. Just like WH Ireland. This is what happens when you force a coup d'etat on a ticket of lies and deceit. WH Ireland and now Deloitte don't buy into this new board so why should anyone? As for Murray's seven years, is that how long it will take for the fans to pay off the debts? Surely King has £30M burning a hole in his pocket just waiting to buy players of real quality in the close season?
You didn't miss much ;) - unlike the trollers who miss the daily crisis update from Ibrox - meanwhile on the pitch things are finally looking up ..
No bitterness, dear chap. This basket case of a club has been addicted to debt for 25 long years. All those great players and trophies? Yep, paid for by the bank. This club does not understand the concept of sustainability. Neither does the odious Scottish press. It was on a drip feed of bank money for a quarter of a century until they, rightly, called it in. This is a club which is addicted to debt and so called sugar daddies. It is a hopeless stock which has been run into the ground.......a big list of culprits, SDM, McCoist, Smith, Green, the last board. If you think that intellectual vigour, vision and transparency will appear over the horizon, think again. The fans just voted, in my view, for oblivion. King is the wrong answer to a question which no one has posed. Good luck with the Rangers man who narrowly avoided jail. The last Board were indeed negligent. Terrible. So too was SDM who left a legacy of borrowing and no excellence whatsoever. SoF got it spot on today (I used to echo those views when tuning in to this site). No one of quality want to touch this stock. No one. Which is why the fans have ended up with a crook, hounding the corridors, a suspended share, probs delisted, no funds, no class, no style, no quality. Well, it's a big list... The fans have ended up with King in the background and hopeless Paul because no one wants to touch this small, hopeless, loss making stock. This has been a poorly run stock way, way before the Easdales got involved, and without the generosity of those kind Scottish banks, the wonderful trophy room would be a bit emptier.
Thank the lord work life has taken over for me. Just read a few posts, usual sh*te of the highest nature. No value in even responding to any of it. Just to let you all know that blue7860 is alive and kicking... ;)
Half the idiots on here posting ramblings about the new Board what have they done etc....they have been in power, I did not see the same ramblings about the legalised form of corruption of the mafia led previous board.. TFOOLS
Are you sure he didn't cause the high winds yesterday too ?
Yes CB indeed they are. Just like our NOMAD and our respected auditors, Deloitte. King has a magnetic personality. He can repel anyone of fiscal probity even when he is in South Africa, playing golf while another set of disgruntled shareholders twist in the wind.
The board serve the shareholders. L&L secured the loans to keep the club solvent and were prepared to access the second tranche of £5M in the 3rd week of March. King, a man not to be trusted, expedited the departure of our NOMAD and as it now seems likely the deparure of Deloitte who could not sign off the accounts, THAT THEY HAD PREPARED, with King's arrival imminent. They were in position at the AGM in December. Why did they walk away? KING! Murray can spin all he likes about them wanting to resign in June but they did not. King was the straw that broke the camel's back. How would it look if a respected firm of accountants signed off on accounts when they were aware that a tax felon accused of money laundering was in a position to prevail at the EGM? How could they possibly give this new shambles of a board a green light as a going concern? Yet another casualty of toxic King.
Surely aqueducts are water under the bridge by now SoF ?
"what has the new regime done for us" Give them time, they will shaft all the shareholding fans eventually.