ArchibaldLeitch
-
Posts
1,608 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Downloads
Posts posted by ArchibaldLeitch
-
-
My arse is going like the clappers here.
We need a huge performance today!
WATP
-
Not so much of a waste of a wage "simmo" now?
-
It tells its own story when ££ follows RM and starts to question dave's credentials, we then of course have dave's bell-end sookers and rectum lickers appear here to wallow in dave's glorious past.....note past not future at The Rangers at any substantive level.
Dave King has set the Rangers board a deadline of four weeks to reveal how they will fulfil their pledge to restore the club to its former status.
This includes providing the financial means "to compete at the highest levels of Scottish and European football".
That commitment was one of a number of issues to which the Ibrox directors agreed following discussions with former director King on Friday.
He has now urged the club's supporters to give the board time to comply.
King, who invested £20m in the club during the Sir David Murray era, has in recent weeks had a debate with the board in the media about the club's future and garnered much support from supporters groups.
Following their meeting with King, the directors released a statement committing to developing a business plan that will enable Rangers to compete with Celtic in the top-flight, to reveal the details of this strategy before fans are asked to renew season tickets, and that Ibrox and Murray Park will not be used as security against any loans.
King believes that, since Rangers International Football Club is a publicly limited company, any statements must be adhered to, or any change to that strategy must be announced.
He has responded to the board's statement by advising fans to hold the directors to account before the end of the 120-day review that the chief executive, Graham Wallace, initiated following the RIFC annual meeting in December.
Wallace has consistently said that costs need to be brought into line with reduced revenue streams in the lower divisions, something that King believed would leave Rangers unable to compete with Celtic.
The South Africa-based businessman wants to lead a fresh round of fundraising through a new share issue, which Wallace has previously said would only be held in the medium term. The board is now obliged to reveal a business plan that will allow investment in the team.
King said: "The more important issues I raised at the meeting were the lack of transparency on the financial position of the club; my concern that the board was operating in a manner that would consign us to being permanent also-rans when compared to Celtic; fans could not be expected to pay for season tickets while uncertainty continued around the board's ambition and funding; my concern that Ibrox and Murray Park would be used as security for some form of financing.
"The board has affirmed that it regards competition with Celtic and in Europe as being its continued aim and that this outlook will be reflected in the business review that will be published within the next month.
"Crucially, that will allow fans sufficient time to consider the review prior to investing in season tickets, but it is also important that the board has now confirmed categorically that they will not use Ibrox or Murray Park as security.
"This public commitment is significant. Statements from a public company board are intended to be relied upon, so in a couple of weeks we can expect a business review that will reflect the board's ambition and a funding plan to achieve this.
"We can also rely on the fact that, if circumstances change, the board would be bound to advise the public in advance of this."
King met shareholders and supporters last week, with the Union of Fans then following his lead and agreeing to set up a season-ticket trust fund to allow fans to pool their renewal money and use it as leverage.
Supporters will press ahead with this plan, which involves the UoF gaining, in return for releasing the funds, security over Ibrox and Murray Park, which are the main income stream for the club.
Having opened discussions with the board, King is now advocating that the supporters give the directors time.
King also insisted that the board's decision to grant the shareholders, Sandy Easdale and Laxey Partners, security over the Albion car park and Edmiston House in return for a £1.5m loan as confirmation that they acknowledge it a high-risk arrangement for the two lenders.
As a result, he believes that season ticket money should be ring-fenced to protect it.
"Mr [Norman] Crighton, on behalf of the board, made a forcible argument as to why the board approved the terms of the Laxey loan," King said.
"The board considered that a combination of legal risk and the current financial position justified the loan terms.
"I replied that a consequence of the board's view of the high risk to anyone advancing funds to the club is the board's fiduciary responsibility to ring fence any season ticket money that is received unless sufficient committed financing is in place at that time. The board did not agree with me on this logical consequence.
"Let us give the board time to comply with its commitment.
"I advised the board that I would wish to be a part of the required fundraising as a component of a united fan group investment vehicle.
"This will require further discussion after release of the review in the next month."
-
It all seems too anarchist, communistic and anti establishment for me.
No matter who is in charge they will moan about something, its very much like trade unionists in that they share a work shy personaility and crave attention.
Wait until the review is done otherwise they will continue to look stupid.
-
An upset king acolyte, a good start to the day.
A good day is to try and piss off rangers fans?
The post made wasnt through emotion and posed a few questions also.
Im having a great morning whereas you are trolling websites about dave kings absence after has asked the board finish conducting their review which if i am not mistaken is still underway?
-
Season ticket trust funds are such a minefield, add in the perceived threat of blackmail by such a scheme........it is little wonder dave has faded away like snow off of a dyke.
Dave king is to work to your timescales has he?
Why dont you get a job or a life or better still buy a season ticket you antagonistic leech.
You and your threads are an embarassment
Away and tweet the pensioner killer, hows charlies book coming anyway?
-
Whats the price?
Do you have the link?
-
No it wasnt.
Going into a financial meltdown was a catastrophe, losing a piss cup final to a piss poor team was an embarassment lee.
-
Guys remember there is a lift that takes you up to the club deck. Generally you need a letter signed by david martin authorising use or have hospitality in club europe, blackthorn lounge, club deck box, players lounge but if you let one of the security guys know you have an ailment or something that will make the stairs difficult they will allow you to use the lift.
-
Ha ha AL - we seem to be on the same wavelength. I posted my thoughts before reading yours.
Getting the required 100k signatures should be straight forward with proper planning MB
-
Its not surprising ffs its expected from a cretin like him.
-
Can rsc's, buses and volunteers at match days etc not make a combined effort to gather the required 100,000 signatures manually and submit this to parliament?
See the fuckers try to put a stop to that method.
-
It does make you wonder what else is being sneaked under the radar into the games costs considering the initial projected expenditure has rocketed by over 40%
Corrupt individuals and organistaions will always remain corrupt even after getting their foot in the door.
-
-
Like I said he's took coventry from a points deduction to upper mid table, if it wasn't for the deduction they would be in the playoffs!
I agree he is doing well with coventry however my reservations of pressley are of both him personally and the expectations of the rangers support.
Coventry are playing in a league that is almost an entirely different sport to even spfl top league standard scottish football, coventry dont face teams every week who sit with 10 men behind the ball therefore their players have the freedom to play nice looking football where as most games in scotland are constantly trying to break down walls of thugs and hammer throwers.
We need a blend of creative attacking football mixed with strength and resilience with players who can mix it and defend our creative players from the hatchet men.
As from a personal point of view pressley, for me, has comd across as an arrogant person who has achieved nothing to warrant such arrogance.
-
We play better without foster, smith and hutton in the side.
Daly i would drop to the bench and bring him on if chasing the game.
-
Bell
Faure
Jig
Mohsni
Wallace
Peralta
Black
Law
Shiels
Clark
Gallagher.
-
I hear you but the guy is a complete cock socket and thinks he is better than he is.
He may have a philosophy but it has yet to be succesful with no guarantee it ever will.
Playing tippy tappy football is all well and good but it must have an end product of winning matches consistantly enough to deliver success.
-
Smith, black, hutton, law and daly should not have started the game if they were not match fit or trained, never mind the tactics.
-
Radio snyde talking utter shite yet again then?
Abysmal station full of absolute retards.
-
Indefensible.
The team was wrong.
The tactics were wrong.
Is his contract on a rolling 1 year?
My opinion has changed, he is not the right man for rangers.
-
That guy is a good guy. I suppose the real difference is that one force are effectively ruled by an evil wee dictator, and the other is just a fictional group from the star wars universe
Spot on mate
-
I've just got the feeling that one PC Plod is going to push a fan too far today, and it's going to look bad for us.
I feel the same mate, its a sad state of affairs.
The poster on here who has the picture of the imperial stormtrooper with the slogan "you are guilty of supporting your team" strikes a chord.
-
To be fair; If you're on a train with a bunch of Rangers fans, and don't see any high-vis vests or police hats cutting about, you'd probably think you're in good company and can get away with it - And wouldn't expect the train to be boarded at the next station by coppers removing you from the train.
Agreed but at the same time why put yourself in the position to be huckled given the recent public statements from salmonds stormtroopers.
No matter what happens today the hate filled bloggists are sitting keyboards ready to pounce on anything negative today.
*****The Official Scottish Cup Semi Final Thread*****
in Jimmy Bell's Kitroom
Posted
We should be 4 up if it wasnt for terrible finishing.
We shoukd have had a free kick at their first.
Fosters incompetence cost us their 2nd.
Their defence is pretty weak but they are dangerous and sharp going forward.
I can see us scoring again.