stampyurie 203 Posted May 6, 2011 Share Posted May 6, 2011 I had to laugh at the Sky rememberence of Murray video, apparently he spent money on big name players such as Paul Gascoigne...check....Brian Laudrup....check and Jonas Thern....er....WIT?!!! I did laugh at thay my misses asked who the fuck 8s thern Link to post Share on other sites More sharing options...
StuartM6 279 Posted May 6, 2011 Share Posted May 6, 2011 I can't wait for tomorrow!Blue and whyte army! Link to post Share on other sites More sharing options...
Rab_Rangers 38 Posted May 6, 2011 Share Posted May 6, 2011 Made my night the reporter at Ibrox couldn't stop smiling, can tell he's a bear Link to post Share on other sites More sharing options...
bluemc 308 Posted May 6, 2011 Share Posted May 6, 2011 At last Link to post Share on other sites More sharing options...
BananaMan 63 Posted May 6, 2011 Share Posted May 6, 2011 Anyone else shit themselves with excitement? my good boxers too. Link to post Share on other sites More sharing options...
CumbernauldBear 234 Posted May 6, 2011 Share Posted May 6, 2011 I can tell you who owns some of the 15% of the remaining shares ... well, i can exclusively reveal i have 3 shares which by a rough calculation gives me about 0.00001% of the Club! wonder if I can get a seat on the board? Link to post Share on other sites More sharing options...
StuartM6 279 Posted May 6, 2011 Share Posted May 6, 2011 I can't wait for tomorrow!Blue and whyte army! Link to post Share on other sites More sharing options...
rabbie1980 36 Posted May 6, 2011 Share Posted May 6, 2011 so anyone know when we can expect a press confrence from whyte???? Link to post Share on other sites More sharing options...
Broxi 12,205 Posted May 6, 2011 Share Posted May 6, 2011 WOOOOOOOOOOOOOOOOOOOOOOOOOO Link to post Share on other sites More sharing options...
BananaMan 63 Posted May 6, 2011 Share Posted May 6, 2011 so anyone know when we can expect a press confrence from whyte????48 hours Broxi1872 1 Link to post Share on other sites More sharing options...
Maxou 66 Posted May 6, 2011 Share Posted May 6, 2011 I can tell you who owns some of the 15% of the remaining shares ... well, i can exclusively reveal i have 3 shares which by a rough calculation gives me about 0.00001% of the Club! wonder if I can get a seat on the board?A wee one then Link to post Share on other sites More sharing options...
Deanow 72 Posted May 6, 2011 Share Posted May 6, 2011 A put 20p towards that pound so av got a good share in Rangers Football Club Link to post Share on other sites More sharing options...
CumbernauldBear 234 Posted May 6, 2011 Share Posted May 6, 2011 Need more than a wee seat for my big Bear ass. Guess I'll need to continue to sit with the paupers for a while yet Link to post Share on other sites More sharing options...
gaz_rfc1972 0 Posted May 6, 2011 Share Posted May 6, 2011 Mark Dingwall getting interviewed on SSN now. Link to post Share on other sites More sharing options...
JackCarter 2 Posted May 6, 2011 Share Posted May 6, 2011 New owner. Debt paid to Lloyds. 3 in a row coming. Good times. Link to post Share on other sites More sharing options...
Chesh 28 Posted May 6, 2011 Share Posted May 6, 2011 You would of thought something official would of gone on the website by now! Link to post Share on other sites More sharing options...
Raligt 2,544 Posted May 6, 2011 Share Posted May 6, 2011 Loving it Link to post Share on other sites More sharing options...
bombaybadboy08 15,660 Posted May 6, 2011 Share Posted May 6, 2011 Good interview with Mark Dingwall there.Got his wee bit in about Rangers failing to defend the fans as well Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 6, 2011 Share Posted May 6, 2011 Statement by the Independent Board of The Rangers Football Club plc 6 May 2011Further to today's statement from Wavetower Limited ("the acquirer"), the Independent Board Committee of The Rangers Football Club plc ("the Club"), comprising Alastair Johnston, Martin Bain, John Greig, John McClelland and Donald McIntyre, (''IBC'') would like to make the following statement:In recent weeks the IBC has been engaged with the acquirer and has secured an enhanced financial commitment from Wavetower for future investment into the Club. The decision on the sale and purchase of the majority shareholding in the Club firmly and ultimately rests between Murray MHL Limited ("MHL") and Lloyds Banking Group ("LBG"). Although the IBC has no power to block the transaction, following its enquiries, the IBC and Wavetower have differing views on the future revenue generation and cash requirements of the Club and the IBC is concerned about a lack of clarity on how future cash requirements would be met, particularly any liability arising from the outstanding HMRC case.Wavetower is purchasing MHL's 85% shareholding in the Club for £1 and the Club's indebtedness with LBG is to be assigned to Wavetower. This share transaction would ordinarily trigger a requirement on Wavetower under Rule 9 of The Takeover Code for a mandatory offer to be made to the other shareholders.Given this transaction structure and following discussions with the Takeover Panel, the IBC considers there to be no purpose in the acquirer making such an offer to acquire all other shareholdings at effectively nil value per share. Accordingly the IBC has agreed that the offer period for the Club will now end. In agreeing that no offer should be made to all shareholders the IBC has insisted that the acquirer issues a document to all shareholders setting out the full terms of the transaction, comprehensive details on the acquirer and the sources of its funding and giving firm commitments to agreed future investment in the Club.The IBC is committed to ensure that the transaction and future investment and funding proposals should be transparent to all the shareholders and supporters of the Club Link to post Share on other sites More sharing options...
KingKirk 26,501 Posted May 6, 2011 Share Posted May 6, 2011 when are the new board gonna be in place Link to post Share on other sites More sharing options...
mairydilk 22 Posted May 6, 2011 Share Posted May 6, 2011 "failing to defend the fans" for what? Link to post Share on other sites More sharing options...
Chesh 28 Posted May 6, 2011 Share Posted May 6, 2011 So reading that they saying they still ain't happy and Murray (rightfully so as the owner) has gone above their heads. Link to post Share on other sites More sharing options...
TeamHero 62 Posted May 6, 2011 Share Posted May 6, 2011 Craig Whyte finally talks. It's A New Dawn...It's A New Day...and i'm feeeeeeeeling good Link to post Share on other sites More sharing options...
SteveJ 743 Posted May 6, 2011 Share Posted May 6, 2011 TIDMRFC The Rangers Football Club plc (the `Company') Holding in Company Information on Wavetower Further information on the Acquisition and Strategy Dispensation from obligations under Rule 9 of the Takeover Code to make a general offer in cash Appointment of Directors Resignation of Directors Holding in Company The Company announces that it has been informed that Wavetower Limited (`Wavetower') has an interest over 92,842,388 ordinary shares in the Company, representing approximately 85.3 per cent. of the Company's issued share capital. Wavetower acquired its interest in the Company (the `Acquisition') from Murray MHL Limited (the `Vendor'). The Company's issued share capital comprises 108,791,499 ordinary shares of 10p each. Information on Wavetower Wavetower is a newly incorporated company formed for the purpose of the Acquisition. The directors of Wavetower are Craig Whyte and Phil Betts, all of whom have been appointed directors of the Company. Further details on Craig Whyte and Phil Betts are set out below (see `Appointment of Directors'). Further information on the Acquisition and Strategy Pursuant to an agreement made between Wavetower and the Vendor, Wavetower has agreed to provide GBP5 million for investment in the playing squad together with further money available for the infrastructure of the stadium and working capital. In addition, Wavetower has stated its intention to invest a further GBP 20 million over a four year period. Wavetower has also committed to maintain the Company's PLUS Markets listing. Craig Whyte, stated "After more than six months of negotiations, I am delighted to confirm that agreement has been reached between myself, Sir David Murray and Rangers FC, and that Wavetower now holds the controlling stake in Rangers. `As a keen Rangers supporter, the directors and I now look forward to helping the club secure its future as a leading force in Scottish and European football. 'My pledge to the manager, his backroom team, the players and, most importantly, the loyal supporters that I'll do all I can to ensure further success in the weeks, months and years to come. `Rangers is a great club with a great future. It has the best supporters in the world and I will do all can to protect and enhance the club's standing going forward" Dispensation from obligations under Rule 9 of the Takeover Code to make a general offer in cash Under Rule 9 of the Takeover Code, if any person acquires an interest in shares which, when taken together with shares in which he and persons acting in concert with him are already interested, carry 30 per cent. or more of the voting rights of a company which is subject to the Code, that person is normally required to make a general offer in cash to all shareholders in the company at the highest price paid by him, or any person acting in concert with him, for an interest in such shares within the preceding 12 months. As a consequence of the consideration for the Acquisition being GBP1, and following consultation with the Company and its financial adviser, Noble Grossart Limited, the Panel has waived the obligation under Rule 9 for Wavetower to make a general offer in cash to all shareholders. As a condition of this dispensation, Wavetower is required to send to shareholders, no later than 16 May 2011, a circular providing further details on Wavetower and further disclosure in relation to the terms of the acquisition. Appointment of Directors The Company announces that Craig Whyte and Phil Betts have been appointed as directors of the Company with immediate effect. Craig Whyte Craig is a Scottish entrepreneur and investor born in Motherwell in 1971. Craig has built his career on his expertise as a turnaround specialist financing and managing established businesses experiencing cashflow difficulties. He is founder and chief executive of Liberty Capital which currently has investments across several market sectors including technology, financial services, ticketing and commodities trading, with operations in the UK, the Netherlands, Switzerland and France. He also holds interests in a large number of other companies specialising in areas such as finance, corporate recovery, investment and stockbroking. Current Directorships: Directorships in last 5 years: Cairnwell Investments Limited Countryliner Group Limited Merchant Corporate Recovery Plc LM Logistics Group Limited^ Merchant Interactive Limited Merchant House Financial Services Merchant Strategic Renewal Plc Limited Tixway UK Limited Merchant Turnaround Plc Zemfill Plc Phil Betts, Finance Director Phil, aged 48, has over 30 years' experience in the banking and finance industry with particular expertise in asset finance. He started his career with Midland Bank before moving to Royscot Trust Plc as a hire purchase and leasing specialist, arranging funding facilities for SMEs across a number of different industries. Phil then moved to Fraser Russell chartered accountants (now Baker Tilly) as their in-house asset finance specialist advising clients on fixed asset purchases and suitable funding mechanisms. In 2005, Phil formed Primary Asset Finance LLP, which specialises in refinancing and restructuring companies, and has helped many businesses to raise funding and worked closely with them to support their turnaround. Current Directorships: Directorships in last 5 years: Countryliner Group Limited Countryside & Suburban Ltd Merchant House Finance Limited LM Logistics Group Ltd^ Merchant Turnaround Plc Obsideo Investments Limited Primary Asset Finance LLP ^ On 18 August 2010 an administrator was appointed to LM Logistics Group Ltd, Craig Whyte and Phil Betts were directors of the company within the year prior to appointment. The deficit to creditors was estimated at GBP3 million although the administration is continuing. No further disclosure pursuant to Rule 71 and paragraph 18 of Appendix 1 of the PLUS Rules is required in relation to the appointment of directors. Resignation of Directors Michael McGill, and Donald Muir have each resigned as directors of the Company with immediate effect. Alastair Johnston has confirmed that he will resign as director and Chairman of the Company on 16 May 2011. The directors of The Rangers Football Club plc, 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. Noble Grossart Limited is acting exclusively for The Rangers Football Club plc and no-one else in connection with the Acquisition, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Noble Grossart Limited or for providing advice in relation to the Acquisition. http://www.londonstockexchange.com/exchange/news/dow-jones/news-detail.html?newsId=20110506SN012523(END) Dow Jones Newswires Link to post Share on other sites More sharing options...
Deanow 72 Posted May 6, 2011 Share Posted May 6, 2011 Whyte aims to make us a dominating force in Scottish and European Football. YAS Link to post Share on other sites More sharing options...
Recommended Posts