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cpm1979

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    Join Me At Ibrox Today

    in Jimmy Bell's Kitroom

    Posted

    I recall how it used to be

    In my younger days

    I built a wall all around my heart

    To keep the pain away

    I built it tall and I built it wide

    I left no room for doubt

    Your love still found its way inside

    And couldn't get back out

    I'm breaking down the barriers

    Making up my mind

    I'm breaking down the barriers of time

    I'm taking down the barriers

    And loving what I find

    I'm breaking down the barriers that lie

    Between your love and mine

    I guess you know you were not the first

    You may not be the last

    But you have shown me a better way

    And now I'm learning fast

    You gotta go where the feeling flows

    I take it while it's hot

    You gotta give if you wanna get

    And I want all you got

    R.I.P my metal friend, many a a good memory of stand behind the barrier please banter, gone but not forgotten

    Rangers Reject £18m Sarver Approach (bbc Website)

    in Jimmy Bell's Kitroom

    Posted

    Robert Sarver is owner of Phoenix Suns of the National Basketball Association in the USA

    Rangers International Football Club has rejected a possible £18m takeover offer from American Robert Sarver, saying it undervalues the Ibrox outfit.

    But the board has invited the owner of the Phoenix Suns basketball outfit to invest in the Scottish Championship club along with other shareholders.

    The news comes the day after football chairman Sandy Easdale loaned the club £500,000 to avoid a winding-up order.

    RIFC admits that it will require further funding by the end of January.

    "The directors are in discussions with Rangers' significant stakeholders with a view to arranging finance for the club," said a statement to the Stock Exchange.

    "This is likely to comprise loans in the short term and possibly equity in the medium term.

    "The board has invited Mr Sarver to consider participating in a similar discussion alongside other supportive shareholders."

    Mike Ashley's associates are now chief executive and finance director at Ibrox

    Sarver, a 53-year-old banker by profession, purchased a majority ownership in the Phoenix Suns' National Basketball Association franchise in 2004 and also owns the Phoenix Mercury women's basketball club.

    Rangers revealed that his plan for the Glasgow club involved buying 100 million shares at 18p per share - below the current share price of 26p.

    "While the directors welcome Mr Sarver's approach, they believe that, notwithstanding the current financial difficulties, the proposal does not adequately value a controlling interest in the company," said the RIFC statement.

    "And, accordingly, the resolution to approve the placing is unlikely to achieve the 75% majority required.

    "The directors do not intend to hold the general meeting, which would be necessary to implement the proposal."

    Sarver made his approach in December, but the news only broke in the media on Sunday and it was followed by Rangers appointing Sports Direct executive Barry Leach as their finance director.

    Leach heads brands at Mike Ashley's sport retail business, the Newcastle United owner's associate, Derek Llambias, having already been installed as chief executive following Ashley's £2m loan to the Scottish Championship club.

    In a separate Stock Exchange statement, Sarver stressed that his approach for Rangers was a serious one.

    David Robertson, who played for Rangers for six seasons, advised Robert Sarver to look at the club

    "First and foremost, I believe what the club needs today is a very quick, major injection of capital to stabilise things and I can give the Rangers supporters a categorical assurance that I have the resources and ability to get this club back to its elite level," he said.

    "I'm looking forward to building a consensus amongst supporters and prominent Rangers-minded figures who have the long-term success of the club at heart.

    "I've had detailed research carried out on Rangers and I'm convinced that we could take it back to the top of the Scottish game on a stable and sustainable basis."

    Sarver also explained that his interest was ignited by a conversation with former Rangers defender David Robertson, who is now based in Arizona.

    "My three sons all play soccer, as we call it here in the US, for Davie's club," he said.

    "Initially, I'd had some of my advisors examining potential investments in teams in the English Premier League and in Spain, but Davie encouraged me to take a close look at Rangers."

    Robertson, who played 245 times for Rangers over six seasons and was part of the side that won nine titles in a row, added: "I can tell every Rangers fan in Scotland and abroad, if Robert Sarver is successful in becoming part of the club, he'll not rest until they are back on top again."

    Kenny Miller heading back to Scotland

    in Jimmy Bell's Kitroom

    Posted

    So much for building a young team to work through the leagues, be settled when were back to where we belong, how much is this going to cost us in the long run when we end up like Man Utd and need a major over hall to challenge for league titles, where will the millions come from for doing that?

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