PaulReid 184 Posted October 23, 2014 Share Posted October 23, 2014 King Deal Is Off The TableOCTOBER 23, 2014 / BILLMCMURDOThe proposed Dave King deal at Ibrox has fallen through.No agreement could be reached and it is understood Rangers CEO Graham Wallace couldn’t recommend the proposal to the board without proof of funds, answers to legal questions about SFA and AIM “fit and proper” status in relation to Dave King and a failure to identify Murray and Letham’s backers.There was no meeting in Glasgow as reported by the media and Dave King is believed to be headed back to South Africa.This means that any solution to cash flow issues at Ibrox will have to be found without King’s involvement.Dave King should be commenting shortly to confirm he is out of the picture. Quote Link to post Share on other sites More sharing options...
AlBear. 8,499 Posted October 23, 2014 Share Posted October 23, 2014 Wrong place. Quote Link to post Share on other sites More sharing options...
Smile 26,600 Posted October 23, 2014 Share Posted October 23, 2014 Proof of Funds. who'd have thought that. Quote Link to post Share on other sites More sharing options...
SeparateEntityMyArse 53,615 Posted October 23, 2014 Share Posted October 23, 2014 Oh dear. Quote Link to post Share on other sites More sharing options...
Trialist 80 Posted October 23, 2014 Share Posted October 23, 2014 If true, then bend over guys....here it comes...Ashley has us over a barrel.......& btw...does not give one fuck for the club. Quote Link to post Share on other sites More sharing options...
Londonderry_Bear 111 Posted October 23, 2014 Share Posted October 23, 2014 Twitter seems to be saying something different Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted October 23, 2014 Share Posted October 23, 2014 Ashley cares about the club about as much as Dave "I seem to have misplaced 34 million quid somewhere" King. Quote Link to post Share on other sites More sharing options...
pcbear 10,913 Posted October 23, 2014 Share Posted October 23, 2014 Twitter seems to be saying something differentWhat would that be? Quote Link to post Share on other sites More sharing options...
Terry_Hurlock 4 Posted October 23, 2014 Share Posted October 23, 2014 I dont know who I'd trust more or should that be trust less, young Bill or Twitter?! Quote Link to post Share on other sites More sharing options...
PaulReid 184 Posted October 23, 2014 Author Share Posted October 23, 2014 Wrong place.That's your input?Some like me have never even been to the infamous board room forum Quote Link to post Share on other sites More sharing options...
AlBear. 8,499 Posted October 23, 2014 Share Posted October 23, 2014 That's your input?Some like me have never even been to the infamous board room forumGood for you. Stay innocent. Quote Link to post Share on other sites More sharing options...
Rangers#1 5,459 Posted October 23, 2014 Share Posted October 23, 2014 What would that be?Richard Wilson @RichwilBBC · 5 mins 5 minutes agoand the earliest possible implementation thereofRichard Wilson @RichwilBBC · 5 mins 5 minutes agoHe will now consult with his co-shareholders and hopefully revert soonest so that we can proceed to agreementRichard Wilson @RichwilBBC · 5 mins 5 minutes agoincluding highlighting some concerns. I have today responded to these concerns in writing.Richard Wilson @RichwilBBC · 6 mins 6 minutes agoto what it believes is in the best interest of the club and its shareholders. Sandy Easdale has similarly apparently engaged constructivelyRichard Wilson @RichwilBBC · 6 mins 6 minutes ago"The board has apparently engaged constructively on our proposal while advancing its own points asRichard Wilson @RichwilBBC · 7 mins 7 minutes agoKey par: "In any transaction of this nature there are a number of interests to be consulted and considered.Richard Wilson @RichwilBBC · 9 mins 9 minutes agoLong statement from Dave King. Will post, but in essence has provided all requested information and is still intent on providing findkng Quote Link to post Share on other sites More sharing options...
B1872 20,650 Posted October 23, 2014 Share Posted October 23, 2014 Should this thread not be locked on the count that it is fact bullshit and the deal isn't off the table???Anyone can make stuff up and in this case it was a 50/50 chance and the person guessed wrong! Quote Link to post Share on other sites More sharing options...
Wearethepeople72 1,845 Posted October 23, 2014 Share Posted October 23, 2014 If this is true, I really don't know where we go from here. Quote Link to post Share on other sites More sharing options...
Rangers#1 5,459 Posted October 23, 2014 Share Posted October 23, 2014 King statement posted in the Boardroom forumhttp://forum.rangersmedia.co.uk/index.php?showtopic=275092#entry1062252530 Quote Link to post Share on other sites More sharing options...
Dutchy 1,200 Posted October 23, 2014 Share Posted October 23, 2014 I just heard Richard Wilson reading the part of the statements that suited him, but the bottom line is that King has not said he's giving up on this, he's just waiting on what Easdale's decision will be. Where did this 'deal off' come from anyway? Quote Link to post Share on other sites More sharing options...
Terry_Hurlock 4 Posted October 23, 2014 Share Posted October 23, 2014 @SkySportsNewsHQ: BREAKING: Dave King fails to reach agreement with @RangersFC board over proposed £16million cash injection. #SSNHQSo who is telling porkies, daft media who dont really know anything and probably guessing or Dave King who releases a positive statement? I know who I choose to believe. Quote Link to post Share on other sites More sharing options...
Corky True Legend 2,682 Posted October 23, 2014 Share Posted October 23, 2014 Don't usually say this but, TH, the media. Quote Link to post Share on other sites More sharing options...
kingtom80 166 Posted October 24, 2014 Share Posted October 24, 2014 i just wish someone would let us know what the hell is going on, and tell the fans and not tell us lie after lie. Quote Link to post Share on other sites More sharing options...
centenarystand 2,227 Posted October 24, 2014 Share Posted October 24, 2014 I used to enjoy Bills logs but for a while i feel he's going the same way as Leggo. Whatever happened to him? Quote Link to post Share on other sites More sharing options...
Terry_Hurlock 4 Posted October 24, 2014 Share Posted October 24, 2014 Don't usually say this but, TH, the media.Really? After all the shite they have spouted over the years...although, I suppose I can see where your coming from too! Quote Link to post Share on other sites More sharing options...
j1mgg 3,766 Posted October 24, 2014 Share Posted October 24, 2014 Jim says it could still be on. Quote Link to post Share on other sites More sharing options...
mearns loyal 2,711 Posted October 24, 2014 Share Posted October 24, 2014 I used to enjoy Bills logs but for a while i feel he's going the same way as Leggo. Whatever happened to him?I always preferred Tunnocks caramel ones... Quote Link to post Share on other sites More sharing options...
Coop 654 Posted October 24, 2014 Share Posted October 24, 2014 If the deal was still on King would still be here. The current board (under instruction from the share holders) have put up some conditions and they know that King will not choose to meet those conditions or cannot meet those conditions. The SFA fit and proper test. Some AIM fit and proper requirements. Who Kings backers are.Now it may well be the board argues this is a perfectly reasonable thing to do or they may be at it. Who knows. Quote Link to post Share on other sites More sharing options...
AlCapone 7,678 Posted October 24, 2014 Share Posted October 24, 2014 If the deal was still on King would still be here. The current board (under instruction from the share holders) have put up some conditions and they know that King will not choose to meet those conditions or cannot meet those conditions. The SFA fit and proper test. Some AIM fit and proper requirements. Who Kings backers are.Now it may well be the board argues this is a perfectly reasonable thing to do or they may be at it. Who knows.i believe the conditions ie proof of funding are a legal requirement of any board, not just something they can put in to put an investor off. It is their legal obligation to ask this or they will be held accountable to this by the law Quote Link to post Share on other sites More sharing options...
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