Jump to content

Green hits back at King


North Rd
 Share

Recommended Posts

Green and admin hit back:

Charles Green, who is leading a consortium acquiring Rangers, said “Mr King’s statement is breathtaking in its arrogance and is destructive to the interests of the Club.

"My consortium tabled an offer, which was accepted by the administrators as the best offer for the Club and its creditors and substantial sums of money have already been paid to the administrators. Provision has been made for working capital that does not rely on season ticket sales any more than would be part of normal operations at the Club. To suggest otherwise is scurrilous and scaremongering.

“I would question Mr King’s motives in urging the rejection of the CVA proposal which is the best offer available to creditors, particularly since he made no mention of this or any other issue when I spoke to him on the phone in South Africa last Friday.

"If the CVA is rejected then the Club will be acquired on a newco basis which will not benefit creditors, nor will it benefit the Club in terms of participation in Europe.

“In one week’s time, we hope the CVA proposal will be approved by creditors and that will be an important milestone for the rebuilding of the Club.

“It is also absurd to suggest I have not been communicating with fans. Only yesterday I had a constructive and progressive meeting with fans representatives which was one of many I have had over the last few weeks and there will be continuing dialogue with them. The fans will be kept informed at every stage of this process.

“People such as Mr King who, as I understand was not in a position to make a bid for the Club, need to accept the realities of the situation and move on rather than continue to snipe from the sidelines.”

Paul Clark, Joint Administrator, said, “I find Mr King’s remarks disappointing and misleading.

“As he should know more than most, all shareholders, as well as creditors, have received access to the CVA proposals and all relevant information has been made public on the Rangers website.

“Mr King should also know, that immediately after the conclusion of next week’s creditors meeting, a shareholders meeting will be convened. Mr Green, as the new legal owner of Mr Whyte’s shares, will vote in favour of the approval of the CVA should that be the outcome of the creditors meeting.

"Mr King refers to a claim against the Club. We have received a letter of claim from Mr King's solicitors which contains a number of broad and unsupported allegations concerning matters which took place some ten years ago. The claims raised are neither accepted by the Club nor have they been adjudicated by a court. We have written to his solicitors to ask them to provide evidence to support the claim, as all creditors are required to do. As a result, Mr King's suggestion that his representations have been ignored is entirely unfounded. If Mr King feels he has a claim against Mr Whyte or Mr Murray, then that is a matter for him and not a concern of the Administrators."

"The CVA proposal is completely transparent and gives detailed information as to different outcomes such as a newco or dissolution of the company. It is a comprehensive document and there have been no issues raised about its content by significant stakeholders and creditors.

“Mr King should also note that Duff and Phelps meet the Rangers Fans Fighting Fund on a weekly basis and will continue to do so.”

Link to post
Share on other sites

  • Replies 197
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Very good replies by Green and D&P. King should cut the destructive sniping and let the Club try to move on.

Boss, see how all the offers which were made to the Administrators, will they be made known to either the courts or us the fans? I mean the finer details, amounts offered etc?

Link to post
Share on other sites

Boss, see how all the offers which were made to the Administrators, will they be made known to either the courts or us the fans? I mean the finer details, amounts offered etc?

Going by D&P you will get that in 2013 :rolleyes:

Link to post
Share on other sites

Good to see both of them come out and show united front.....................liked the part when he mentioned that he had spoken with dave king on Friday. As Green said dave the door is open to anyomne with cleared legit funds to come in and invest in the club ..........................so over to you dave.

Link to post
Share on other sites

Can't help get the feeling someone at that meeting saw something they didn't like and used King to try and get it out in the open this whole fucking thing scares the life out of me and don't know who to believe any more, time will tell but I stand by what I said in another topic about King, whatever his motives, having genuine concerns about Rangers whether it's because he is a fan or because he owns a huge chunk of the company it matters not if somethings not right then the questions need to be asked. Doubt we will ever know the whole story behind this sorry saga.

Link to post
Share on other sites

Can't help get the feeling someone at that meeting saw something they didn't like and used King to try and get it out in the open this whole fucking thing scares the life out of me and don't know who to believe any more, time will tell but I stand by what I said in another topic about King, whatever his motives, having genuine concerns about Rangers whether it's because he is a fan or because he owns a huge chunk of the company it matters not if somethings not right then the questions need to be asked. Doubt we will ever know the whole story behind this sorry saga.

That imply s you think that despite having access to all documents King is being conned but fans can spot the danger, either that or hes a muppet who hasnt a clue about business.

Link to post
Share on other sites

Very good replies by Green and D&P. King should cut the destructive sniping and let the Club try to move on.

Why any true Rangers fan would be acting like this I do not know :disappointment: , where was he when we were looking for bids to buy the club ? back in S Africa fighting the tax man I think might be the answer.

Link to post
Share on other sites

Boss, see how all the offers which were made to the Administrators, will they be made known to either the courts or us the fans? I mean the finer details, amounts offered etc?

I don't think there is a mechanism for this, unless someone knows better. Basically the Administrators are appointed to make such decisions.

Link to post
Share on other sites

It's sad to think that this late in the game people who only want the best for the club are trying to derail the process.

The sad thing about scaremongering is that people WILL believe it :disappointment:

King, TBK etc all had their chance to bid successfully for the club and couldn't reach the mark, they should probably look at themselves rather than blame everyone else.

Link to post
Share on other sites

I don't think there is a mechanism for this, unless someone knows better. Basically the Administrators are appointed to make such decisions.

Ahh right, that dispels that theory i had blush.gif

I was sure i read on here (however that may have been from the slinger of guns laugh.gif) that all decisions made during the process had to be shown to courts?

Link to post
Share on other sites

That imply s you think that despite having access to all documents King is being conned but fans can spot the danger, either that or hes a muppet who hasnt a clue about business.

Perhaps or maybe he needed a nudge in that direction, who knows? I don't think he is being conned I don't think he is that stupid but it is certainly possible that something was said in the meeting that wasn't previously known, even a slip of the tongue from one party, impossible for any of us to tell I just find it impossible to believe King is just stirring things up for no reason after being silent for so long on the matter it serves him no purpose as far as I can tell.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Upcoming Events

    • 21 January 2022 19:45 Until 21:45
      0  
      Rangers v Stirling Albion
      Ibrox Stadium
      Scottish Cup

×
×
  • Create New...