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Rangers make statement to the LSE


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He seems to be entertaining him as he has had to announce they are in talks. It will be interesting to see what his plans are for Rangers because as you say his previous is far from inspiring. Although the clubs he was involved in previously were not in the same situation as us.

I am waiting to see hwta comes out these talks before making any judgements

My concern is that as this drags on and on Murray may become less principled in who he sells to.

You are not alone in your concerns.

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My reading of this is there is a genuine interest now and discussions are taking place between MIH and the Ellis consortium. While he might not be the ideal person at least his group are serious and this in any case may flush any other interested parties out of the woodwork so we could in fact be much nearer a new owner now.

I do like the idea of having John Greig as part of the group looking at the implications as he should at least know how important the club is to us the fans.

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My reading of this is there is a genuine interest now and discussions are taking place between MIH and the Ellis consortium. While he might not be the ideal person at least his group are serious and this in any case may flush any other interested parties out of the woodwork so we could in fact be much nearer a new owner now.

I do like the idea of having John Greig as part of the group looking at the implications as he should at least know how important the club is to us the fans.

This is my hope BB.

Going on what I've read about Ellis since the story broke, I've no desire to see a geezer like him take us over. I have absolutely no respect for someone who wants to buy football clubs and either merge them or move them away from their home.

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My reading of this is there is a genuine interest now and discussions are taking place between MIH and the Ellis consortium. While he might not be the ideal person at least his group are serious and this in any case may flush any other interested parties out of the woodwork so we could in fact be much nearer a new owner now.

I do like the idea of having John Greig as part of the group looking at the implications as he should at least know how important the club is to us the fans.

This is my hope BB.

Going on what I've read about Ellis since the story broke, I've no desire to see a geezer like him take us over. I have absolutely no respect for someone who wants to buy football clubs and either merge them or move them away from their home.

this

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My reading of this is there is a genuine interest now and discussions are taking place between MIH and the Ellis consortium. While he might not be the ideal person at least his group are serious and this in any case may flush any other interested parties out of the woodwork so we could in fact be much nearer a new owner now.

I do like the idea of having John Greig as part of the group looking at the implications as he should at least know how important the club is to us the fans.

This is my hope BB.

Going on what I've read about Ellis since the story broke, I've no desire to see a geezer like him take us over. I have absolutely no respect for someone who wants to buy football clubs and either merge them or move them away from their home.

this

(tu)

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There's been people doing a lot of talking and postulating in the background over their 'interests' in buying the club. I suppose this is the time for them to put up or shut up...

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Not panicking, just want to make sure that the best man to buy us is picked and not the one who offers the most money upfront. Aslong as its for the good of the club not the good of MIH or Lloyds

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I wonder where Andrew Ellis is getting the money from to buy Rangers, his deal with QPR fell though because of funding and that was only 8 million.

That was 9 years ago though. I've got a lot more money now than I did 9 years ago.

lol you've made 52 million since 9 years ago, even threw the recession when the housing boom exploded, that would have lost him loads a cash, and now he seems like he can afford Rangers strange i wonder if hes borrowing from another bank, or he has got a couple of other bodies in the background with more cash than him.?

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he may have other finacial backers on board, i want to know who this far east consortium is? are we talking japan, china, bin ladden??? i want to know now GOD DAMN IT.

I agree. Never mind all this 'due diligence' pish, meetings etc.

Get someone on here now to tell us exactly what's happening, then we can all get on with our work without having to spend the whole afternoon desperately scouring the internet for more information.

That's only fair, isn't it? ;)

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he may have other finacial backers on board, i want to know who this far east consortium is? are we talking japan, china, bin ladden??? i want to know now GOD DAMN IT.

I agree. Never mind all this 'due diligence' pish, meetings etc.

Get someone on here now to tell us exactly what's happening, then we can all get on with our work without having to spend the whole afternoon desperately scouring the internet for more information.

That's only fair, isn't it? ;)

:lol: its hard to work and read the threads isn't it, come on somebody knows more.

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I wonder where Andrew Ellis is getting the money from to buy Rangers, his deal with QPR fell though because of funding and that was only 8 million.

That was 9 years ago though. I've got a lot more money now than I did 9 years ago.

lol you've made 52 million since 9 years ago, even threw the recession when the housing boom exploded, that would have lost him loads a cash, and now he seems like he can afford Rangers strange i wonder if hes borrowing from another bank, or he has got a couple of other bodies in the background with more cash than him.?

I've not personally made that sort of money :P

Tbh, we don't know enough to comment, but having looked into moving to London I do know that house prices down there are (still) ridiculous.

There i was thinking you where Andrew Ellis :lol:

Thats true suppose London house prices didn't really change but i think building houses slowed away down.

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he may have other finacial backers on board, i want to know who this far east consortium is? are we talking japan, china, bin ladden??? i want to know now GOD DAMN IT.

I agree. Never mind all this 'due diligence' pish, meetings etc.

Get someone on here now to tell us exactly what's happening, then we can all get on with our work without having to spend the whole afternoon desperately scouring the internet for more information.

That's only fair, isn't it? ;)

:lol: its hard to work and read the threads isn't it, come on somebody knows more.

Exactly - but ANYONE who starts their post with something like 'I've just had a text from..' will be immediately ignored!!

(Actually, no they won't. I'll believe anything! :lol: )

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he may have other finacial backers on board, i want to know who this far east consortium is? are we talking japan, china, bin ladden??? i want to know now GOD DAMN IT.

I agree. Never mind all this 'due diligence' pish, meetings etc.

Get someone on here now to tell us exactly what's happening, then we can all get on with our work without having to spend the whole afternoon desperately scouring the internet for more information.

That's only fair, isn't it? ;)

:lol: its hard to work and read the threads isn't it, come on somebody knows more.

Exactly - but ANYONE who starts their post with something like 'I've just had a text from..' will be immediately ignored!!

(Actually, no they won't. I'll believe anything! :lol: )

:lol: :lol: :lol:(tu)

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From the Evening Times website..

The formation of an independent directors’ group to ensure a takeover of Rangers is in the best long-term interests of the Ibrox club was today welcomed by a senior fans’ representative.

It was announced today that the independent directors, comprising chairman Alastair Johnston, chief executive Martin Bain, directors John McClelland and Donald McIntyre and club legend John Greig, will examine bids for the club.

A statement released by the Glasgow club revealed the new body would consider the “full implications” of any offer and try to ensure it is “able to demonstrate the capacity and commitment to provide a stable and sustainable future for RFC”.

The move comes after it was confirmed this morning that Murray International Holdings had entered into discussions with certain interested parties, including the London-based millionaire property developer Andrew Ellis.

And John Macmillan, general secretary of the Association of Rangers Supporters Clubs, is hopeful the development will ensure that Sir David Murray’s majority shareholding is sold to the right man for the club.

He stated: “This is hopefully the safeguard which we need to ensure that whoever takes control of Rangers has the best interests of the club at heart and is the right man to drive the club forward in the future.

“I am not sure where Sir David Murray sits in all of this. He is the majority shareholder and anything that happens in the future has to have his blessing. Hopefully, though, he will be advised by the independent directors.

“This body has been put in place to ensure that nothing untoward happens. Some things can look quite glossy on the outside, but when you really get into things then all is not so rosy. Hopefully, this move will ensure there are no nasty surprises.

“I think the fact that John Greig is involved in this will please many of the supporters. He is a guy who genuinely has the interests of the club at heart. Hopefully, we are heading in the right direction and something will happen soon.”

However, Rangers Supporters Trust chairman Stephen Smith wants to see the supporters given a more hands-on role in discussing the future of the Ibrox club and urged the independent directors to get them actively involved in the process.

And he also expressed his unease about the possibility of another wealthy benefactor taking over the running of Rangers – given the serious financial difficulties the debt-ridden Scottish champions are facing at the moment.

Smith said: “While I have no personal doubt that Alastair Johnston, John McClelland, Martin Bain and company believe they will be acting in the best interests of the club, that may not be compatible with the interests of the support.

“The interests of the support have to be taken on board. Alastair Johnston can’t just tell the rabble: ‘This is safe in our hands.’ They have to do far more than that. They have to look to get the support involved in this.

“The support want to be actively involved. We need fundamental change, to bring the support and the club together. And not just the Rangers Supporters Trust either. We want the Assembly and the Association involved as well.

“We are fairly close to the existing board and are involved in regular dialogue with Martin Bain. But we want to build on that.

“I don’t doubt that these guys are Rangers fans, we just want them to act like Rangers fans. I have no doubt that Donald Muir would say he is a Rangers fan too, but that doesn’t mean he is going to act in the best interests of the football club.”

He added: “I am quite happy to sit down and talk to anybody who is willing to invest in the club, but I don’t think we want to swap one rich owner for another rich owner. We have had one rich owner who has run us to the brink of administration.

“Unless they engage the support and examine a membership scheme and make changes in the way Rangers is run then we are going to end up in this position again. We have had a paternalistic model before and it didn’t work. We are in a situation where the club is working hand to mouth.

“I would say there are many many successful fans-run clubs out there. The fans of Barcelona, Hamburg and Bayern Munich, as well as many other clubs where the fans own 51 per cent or more of the football club, would say so. They have control of their clubs in the middles of a recession and face the problems we face.” Trust chairman Smith also voiced his scepticism about the timing of the Ellis takeover bid – which comes the week after Rangers took a huge step towards retaining the Clydesdale Bank Premier League title with a 1-0 win over nearest challengers Celtic.

He explained: “The Old Firm result basically secures that the club is going to qualify for the Champions League next season and bank between £10million and £12m. There is absolutely no doubt in my mind that is why this bid has come in now. A business which has a turnover of £40m all of a sudden has a turnover of £52m.

“At a time when Rangers is having difficulties bringing in players, it is insane to think about selling Murray Park. We have to be more creative.”

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