News Regarding Proposed Takeover

[Chef 436]

so many pesimists on here, with reason a little, the guy does deal with property, why is most getting there wee polkadot knickers in a twist with the guy, i await and see what aspires from all this then make judgement, im just glad there is summit going on, and for all the quotes asking if he knows what rangers is all about, i would suggest yes to that, most folks know what rangers are about and potentially how massive we could be with the right backing, right?

[AMMS 27]

so many pesimists on here, with reason a little, the guy does deal with property, why is most getting there wee polkadot knickers in a twist with the guy, i await and see what aspires from all this then make judgement, im just glad there is summit going on, and for all the quotes asking if he knows what rangers is all about, i would suggest yes to that, most folks know what rangers are about and potentially how massive we could be with the right backing, right?

Well the guy seems to be a serial club buyer, none of who have prospered under him. That alone should make you wary. As for 'most folks' knowing what Rangers are about' I'd say you are being naive, there are some who think our current owner doesn't, why would we think a cockney property speculator does?

[baldeagle 0]

so many pesimists on here, with reason a little, the guy does deal with property, why is most getting there wee polkadot knickers in a twist with the guy, i await and see what aspires from all this then make judgement, im just glad there is summit going on, and for all the quotes asking if he knows what rangers is all about, i would suggest yes to that, most folks know what rangers are about and potentially how massive we could be with the right backing, right?

For pessimists read realists, Ellis has a history of targeting football clubs for all the wrong reasons and the failure to compound that, unless you know of one of his glowing success stories, where he left the club unfortunate enough to have let him through the door, in a better state than when arrived.

[Chef 436]

no one knows the facts, i understand the worry, really. could start your own gossip column with some of the comments in here, folk worrying and assuming this and that, buy take a break, its full oh stories

[baldeagle 0]

no one knows the facts, i understand the worry, really. could start your own gossip column with some of the comments in here, folk worrying and assuming this and that, buy take a break, its full oh stories

The facts of his failures are well documented, the only thing not documented is that which you failed to find, success.

[Chef 436]

no one knows the facts, i understand the worry, really. could start your own gossip column with some of the comments in here, folk worrying and assuming this and that, buy take a break, its full oh stories

The facts of his failures are well documented, the only thing not documented is that which you failed to find, success.

what makes you think i am even wasting my time looking, just like i cant be bothered getting into a debate, back and fro, i made a comment, pretty wise one too, sit back and wait and see, no point making assumptions that he is gonna build hooses and the likes, no one knows, and i said take a break is full of stories, buy it as its better reading than some of this.

another thing, for anyone reading this, another assumption could be the not unrealistic option of casino/hotel and the likes, no one knows but dont just shoot the guy down before knowing facts

[adam2102 577]

no one knows the facts, i understand the worry, really. could start your own gossip column with some of the comments in here, folk worrying and assuming this and that, buy take a break, its full oh stories

The facts of his failures are well documented, the only thing not documented is that which you failed to find, success.

what makes you think i am even wasting my time looking, just like i cant be bothered getting into a debate, back and fro, i made a comment, pretty wise one too, sit back and wait and see, no point making assumptions that he is gonna build hooses and the likes, no one knows, and i said take a break is full of stories, buy it as its better reading than some of this.

another thing, for anyone reading this, another assumption could be the not unrealistic option of casino/hotel and the likes, no one knows but dont just shoot the guy down before knowing facts

boom, amen. well said old bean

[CanadianBacon 2,088]

it may or may not happen but what really saddened me was the treatment of boss3 by some members on this thread

on behalf of RM i would like to apologise for the treatment you received on this thread and hope it hasnt put you off using the site again

Absolutely

FTAOD, boss3 has nothing to do with me - I have no idea who he is.

And a massive well done to Number One fanzine - it has the exclusive in the new edition out today, which must mean it was printed earlier in the week, long before the newspapers had this story.

Thanks Boss (no relation to boss3)

Number One Fanzine did have this story earlier in the week (as early as Tuesday 2nd March) and it went to print on Thursday 4th - a full day before the red tops, so our sources were on form.

I'm not at liberty to divulge my source but he showed me a copy of the "offer" - that and its accompanying material (mostly legal stuff) ran into 20-odd-pages.

We carried this tale in Saturday's edition of the zine thinking (wrongly as it turned out) that we'd be best to skirt around certain names and sums of money mentioned for fear of 'outing' the source - the red tops put an end to that fear.

What the rags didn't get correct were the sums of money mentioned.

What the rags don't know are the names involved in a second consortium.

Some of us have that additional information.

That information will be forthcoming in the next 'exclusive' issue of Number One.

The gloves are off.

[pcbear 10,913]

it may or may not happen but what really saddened me was the treatment of boss3 by some members on this thread

on behalf of RM i would like to apologise for the treatment you received on this thread and hope it hasnt put you off using the site again

Absolutely

FTAOD, boss3 has nothing to do with me - I have no idea who he is.

And a massive well done to Number One fanzine - it has the exclusive in the new edition out today, which must mean it was printed earlier in the week, long before the newspapers had this story.

Thanks Boss (no relation to boss3)

Number One Fanzine did have this story earlier in the week (as early as Tuesday 2nd March) and it went to print on Thursday 4th - a full day before the red tops, so our sources were on form.

I'm not at liberty to divulge my source but he showed me a copy of the "offer" - that and its accompanying material (mostly legal stuff) ran into 20-odd-pages.

We carried this tale in Saturday's edition of the zine thinking (wrongly as it turned out) that we'd be best to skirt around certain names and sums of money mentioned for fear of 'outing' the source - the red tops put an end to that fear.

What the rags didn't get correct were the sums of money mentioned.

What the rags don't know are the names involved in a second consortium.

Some of us have that additional information.

That information will be forthcoming in the next 'exclusive' issue of Number One.

The gloves are off.

Interesting,can you reveal the nationality of the 2nd consortium? and was the 33m quoted lower or higher than the bid made?

Teasing us now.

[CanadianBacon 2,088]

it may or may not happen but what really saddened me was the treatment of boss3 by some members on this thread

on behalf of RM i would like to apologise for the treatment you received on this thread and hope it hasnt put you off using the site again

Absolutely

FTAOD, boss3 has nothing to do with me - I have no idea who he is.

And a massive well done to Number One fanzine - it has the exclusive in the new edition out today, which must mean it was printed earlier in the week, long before the newspapers had this story.

Thanks Boss (no relation to boss3)

Number One Fanzine did have this story earlier in the week (as early as Tuesday 2nd March) and it went to print on Thursday 4th - a full day before the red tops, so our sources were on form.

I'm not at liberty to divulge my source but he showed me a copy of the "offer" - that and its accompanying material (mostly legal stuff) ran into 20-odd-pages.

We carried this tale in Saturday's edition of the zine thinking (wrongly as it turned out) that we'd be best to skirt around certain names and sums of money mentioned for fear of 'outing' the source - the red tops put an end to that fear.

What the rags didn't get correct were the sums of money mentioned.

What the rags don't know are the names involved in a second consortium.

Some of us have that additional information.

That information will be forthcoming in the next 'exclusive' issue of Number One.

The gloves are off.

Interesting,can you reveal the nationality of the 2nd consortium? and was the 33m quoted lower or higher than the bid made?

Teasing us now.

See above post.

See "read all about it!"

[william2408 0]

it may or may not happen but what really saddened me was the treatment of boss3 by some members on this thread

on behalf of RM i would like to apologise for the treatment you received on this thread and hope it hasnt put you off using the site again

Absolutely

FTAOD, boss3 has nothing to do with me - I have no idea who he is.

And a massive well done to Number One fanzine - it has the exclusive in the new edition out today, which must mean it was printed earlier in the week, long before the newspapers had this story.

Thanks Boss (no relation to boss3)

Number One Fanzine did have this story earlier in the week (as early as Tuesday 2nd March) and it went to print on Thursday 4th - a full day before the red tops, so our sources were on form.

I'm not at liberty to divulge my source but he showed me a copy of the "offer" - that and its accompanying material (mostly legal stuff) ran into 20-odd-pages.

We carried this tale in Saturday's edition of the zine thinking (wrongly as it turned out) that we'd be best to skirt around certain names and sums of money mentioned for fear of 'outing' the source - the red tops put an end to that fear.

What the rags didn't get correct were the sums of money mentioned.

What the rags don't know are the names involved in a second consortium.

Some of us have that additional information.

That information will be forthcoming in the next 'exclusive' issue of Number One.

The gloves are off.

Interesting,can you reveal the nationality of the 2nd consortium? and was the 33m quoted lower or higher than the bid made?

Teasing us now.

See above post.

See "read all about it!"

Any links for (read all about it) please?

[papaguy51 912]

If it's going to be an exclusive in the next issue of Number One, he's not going to reveal anything on here.

Hence exclusive.

[CanadianBacon 2,088]

If it's going to be an exclusive in the next issue of Number One, he's not going to reveal anything on here.

Hence exclusive.

Thanks papaguay51 - I was beginning to think I'd need to S-P-E-L-L it out for him.

Read all about it......read all about it!!

[boss 1,941]

was the 33m quoted lower or higher than the bid made?

I suppose he could answer "Yes, it was higher or lower"!

[GeneralCartmanLee 313]

Good stuff CB, when is your next issue ? You better hope your sources don't have loose lips.......

[joeli 27]

If it's going to be an exclusive in the next issue of Number One, he's not going to reveal anything on here.

Hence exclusive.

Thanks papaguay51 - I was beginning to think I'd need to S-P-E-L-L it out for him.

Read all about it......read all about it!!

Look at me, Look at me.....gies a break. When does this exclusive come out?

[caseyjones 3,009]

Following press speculation over the weekend, the board of The Rangers Football

Club plc ("RFC") confirms that it has been advised by Murray International

Holdings Limited ("MIH") that MIH has entered into discussions with certain

interested parties, including Andrew Ellis, about the interests of MIH in RFC

that may lead to an offer or offers for the entire issued share capital of the

Club. The board of RFC understands that discussions are at an early stage and

there can be no certainty that any offer will be made for the issued shares of

RFC. RFC has been in an offer period since its announcement of 26 October 2009.

In order to ensure the complete independence of the assessment of the merits

for RFC of any possible offer, the board of RFC has set up an independent

committee of the board (the "Independent Directors") comprising the Chairman

Alastair Johnston, John McClelland, Martin Bain, Donald McIntyre and John Greig

to consider the full implications of any future offer for RFC. The Independent

Directors will ensure that any possible offer for RFC is assessed on the merits

for RFC, its shareholders and all other stakeholders in RFC including

supporters. It is particularly important to the Independent Directors that any

possible offeror is able to demonstrate the capacity and commitment to provide

a stable and sustainable future for RFC and the Independent Directors will want

to understand fully the plans of any potential offeror in order to recommend

the action that shareholders should take. The Independent Directors exclude

Mike McGill and Donald Muir (the enemy within) who are connected to MIH, and so have a potential

conflict of interest, and Dave King and Paul Murray about whose intentions

there has been past speculation that could lead to a perception of a possible

conflict of interest.

The board will keep all shareholders informed of further developments.

Contact:

Press Office, Rangers Football Club 0141 580 8606

(Mobile: 07899 948284)

The Independent Directors accept responsibility for the information contained

in this announcement and, to the best of their knowledge and belief (having

taken all reasonable care to ensure that such is the case) the information

contained in this announcement is in accordance with the facts and does not

omit anything likely to affect the import of such information.

Dealing Disclosure Requirements:

Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if any

person is, or becomes, "interested" (directly or indirectly) in 1% or more of

any class of "relevant securities" of RFC, all "dealings" in any "relevant

securities" of RFC (including by means of an option in respect of, or a

derivative referenced to, any such "relevant securities") must be publicly

disclosed by no later than 3.30 pm (London time) on the London business day

following the date of the relevant transaction. This requirement will continue

until the date on which the offer becomes, or is declared, unconditional as to

acceptances, lapses or is otherwise withdrawn or on which the "offer period"

otherwise ends. If two or more persons act together pursuant to an agreement or

understanding, whether formal or informal, to acquire an "interest" in

"relevant securities" of RFC, they will be deemed to be a single person for the

purpose of Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant

securities" of

RFCby any offeror, or by any of their respective "associates", must be

disclosed by no later than 12.00 noon (London time) on the London business day

following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose "relevant securities"

"dealings" should be disclosed, and the number of such securities in issue, can

be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.

"Interests in securities" arise, in summary, when a person has long economic

exposure, whether conditional or absolute, to changes in the price of securities.

In particular, a person will be treated as having an "interest" by virtue of the

ownership or control of securities, or by virtue of any option in respect of, or

derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on the

Panel's website. If you are in any doubt as to whether or not you are required to

disclose a "dealing" under Rule 8, you should consult the Panel.

Breaking news on SSN too.

[bombaybadboy08 15,660]

At last somethings happening.

[Edin-Bear-ugh 1]

If Ellis does buy the club for £33m... Surely then he will be wanting us to pay back the £27m debt to him??

[BlueSuedeSambas 53,775]

It seems that the wheels are in motion.......

[bombaybadboy08 15,660]

Article from the Sun if it hasn't been posted already

THE tycoon bidding to take over debt-ridden Rangers has TWICE tried to run a football club before - and faced failure both times.

Last night London-based property director Andrew Ellis, 41, emerged as a frontrunner in the battle to buy the Ibrox giants.

A takeover bid by RFC Holdings - the company set up by Ellis - was revealed by The Scottish Sun on Saturday.

It has emerged that Ellis has convinced both owner Sir David Murray and Lloyds Banking Group he DOES have the backing to fund an initial £33million deal.

And he is also believed to have given assurances that there would be more cash available to boost the squad.

Yet for Rangers fans who have no idea who he is, we can reveal he has been involved at TWO English outfits - Queens Park Rangers and Northampton Town.

In 2001 he bid £9million to take control of QPR, where he had previously been a director - and his dad Peter had been chairman.

But part of the deal was to move QPR from their cherished ground at Loftus Road, West London, to a site near Heathrow Airport - 20 MILES away.

But the proposal was savaged by then manager Ian Holloway and the local council.

At the time Holloway said: "You can't suddenly tell someone they've got to drive 20 miles to support their team - it just doesn't work.

"This is our tribe, we are strong together and this is where we live."

Ellis had been given three weeks to prove he had the cash to back up his proposal.

But with time running out he withdrew his bid - and a fans' group eventually moved in to take control. QPR still play at Loftus Road.

The following year Ellis' consortium paid £500,000 to buy League One club Northampton Town and he took over as chairman.

One of his first moves was to suggest Northampton could merge with nearby MK Dons.

He then sacked boss Kevan Broadhurst - replacing him with former England international Terry Fenwick. Fenwick was hated by fans and lasted just 49 days.

Soon after Ellis quit Northampton.

But in a bizarre interview just 24 hours before he left the club, he claimed being a football chairman had taken up more time than he had anticipated.

He said: "Unfortunately I have not been able to give as much time as I would have liked. But Northampton Town remains the most important thing in my life.

"I will see what I can sort out as regards time, but there are always options in life.

"The Cobblers is top of my list of priorities at the moment, but you always have to find ways of paying the milkman."

Northampton were relegated that season.

But supporters' trust chief Mark Kennedy insists Ellis' time at the club was not all bad.

He said: "The strangest thing about Andrew Ellis was how quickly he came and went here.

"He was a guy who seemed to have the club's best interests at heart. We never forgave him for appointing Terry Fenwick. But we also have a lot to thank him for.

"When he came in, it was part of a consortium, including David Cardoza.

"He's still the club's chairman to this day. He has stabilised Northampton.

"But you couldn't say it was uneventful."

With Ellis setting his sights on Rangers, Kennedy admitted Northampton fans were interested to see what would happen if he took control.

He said: "The funny thing is nobody here had heard anything about him for ages until the speculation this weekend.

"But I can tell you we are all certainly keeping an eye on events north of the border to see what happens next."

http://www.thescotti...tball-club.html

Doesn't sound good but if it goes through i'd hope he's learned from his mistakes.

[Bear 25]

http://www.skysports.com/story/0,19528,11781_6009725,00.html

The fact John Greig is involved in this thing calms me down a bit a i would think he would only allow someone to come in who can take us forwards. And to be honest i think the far east mob will buy us..................

[mortos 8]

How am i supposed to get any work done today with all this going on.

I have a meeting at 11 and then another long one this afternoon; if i can merge the 2 and move them to lunchtime then i can just sit here and refresh rangersmedia every 30 seconds.

Distraction, i need a distraction. Ah yes, there is always work, that'll have to do. A quick refresh first though...

[simon 1,743]

Steven Smith form the Rangers Supporters Trust is on SSN the now.

[bombaybadboy08 15,660]

Stephen Smith of the Trust being interviewed on SSN just now,being pressed for an answer to why we ended up in this mess.

He said it wouldn't be productive to apportion blame.