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David Leggat - The Blue Pitch and Margarita Mystery Continues


DelightfulDennis

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He loves the word 'shadowy' does the ex-inky trade chap.

It's a useful tool when constructing a sentence.

Think I'll give it a go: (coughs, clears throat and begins)

"It was a shadowy night when the shadowy figure of shadowy Mini Murray appeared from behind the shadowy curtains and entered the arena for the Rangers AGM. Behind him, also lurking in the shadows, was the shadowy figure of Jim deep-pockets-short-arms as they both prepared to cause as much grief in the upcoming meeting as their shadowy plan would soon show.

The meeting was called to order and before anyone knew what was going on a shadowy figure dressed in black (very shadowy) stood up and shouted, 'Mr Chairman....a point of order.........." (continued for 94-pages......)

I will be signing copies of my new book, 'Shadowy Figures In The Shadows of Edmiston Drive' at the Wee Shadows Club after the game on Saturday. Priced twelve-shillings. :pipe:

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So why should Blue Pitch and Margarita invest in Rangers when there is no chance of their making any vast profit from their investment? The same thing can be said about anyone who buys shares in any football club. So what's different about the institutional investors who are backing mini and McColl? What are they after?

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So why should Blue Pitch and Margarita invest in Rangers when there is no chance of their making any vast profit from their investment? The same thing can be said about anyone who buys shares in any football club. So what's different about the institutional investors who are backing mini and McColl? What are they after?

There are probably after a well run business something we do not have at present
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Well, while you are there, copy and paste it so we don't have to click it :)

THE BLUE PITCH AND MARGARITA MYSTERY CONTINUES

It was only fit and proper that Paul Murray should have once again have raised the issue of who it is who really owns a large chunk of Rangers.

For without knowing who they are, there is no way of knowing what their motivation in investing in Rangers was and what their intentions are.

The two major players who continue to hide behind a cloak of anonymity, who keep cowering behind collective names and who operate in the shadows without any clarity are Blue Pitch Holding and Margarita Funds Holding Trust, who, between them own more than 10 per cent of Rangers.

As things stand the combined Blue Pitch Holdings and Margarita stake in Rangers are votes in the bank for chief executive Craig Mather and financial director Brian Stockbridge as they fight to keep their well paid jobs.

The assumption must therefore be that Blue Pitch Holding and Margarita are pleased with the way the board’s only two executive directors – particularly financial director Stockbridge – are doing business inside the Rangers boardroom on behalf of their investment.

That, despite the fact last month Stockbridge was stampeded into going public with an admission that, of the money from two years of season ticket sales, plus various other substantial income streams over the past year, along with the £22.5M from the share issue in December, only £10M remained.

The current Rangers directors have been keen to get to the bottom of who it is who is behind the Jim McColl-Paul Murray led moves by concerned institutional investors from the Square Mile to unseat them at next month’s Annual General Meeting and they have had them jump through hoops.

However, McColl and Murray have been happy to do so. For they are businessmen of absolute acumen, complete probity and reputation. People, just like those institutional investors, with nothing to hide.

On the other hand, the Rangers directors have continually refused to reveal to the rest of the club’s shareholders, including those Square Mile institutional investors who are dissatisfied with the way they are running Rangers, just who it is who is behind Blue Pitch Holding and Margarita.

Why? If they have nothing to hide, why are they hiding it? If the shadowy people who lurk behind Blue Pitch Holding and Margarita have nothing to hide why do they continue to hide?

A year ago the man who was then the main representative on the Rangers board of Blue Pitch Holding and Margarita, former chief executive Charles Green, denied that Arif Naqvi of Abraaj Capital, was the man behind Blue Pitch Holdings. Green, however, tellingly admitted that Naqvi was a personal friend and that he had approached him to become involved in Rangers, but that he had not invested.

Green then named Mazen Houssani as the front man for Blue Pitch Holdings. But then again, as we know from many of his pronouncements - Dallas Cowboys and Manchester United, anyone? – Charles Green says more than his prayers.

Something else which Charles Green said, was that the Scottish Football Association were made aware of who all the beneficial owners of Rangers were at the time of them granting Rangers a licence to play.

Perhaps there may be some legal option open to Jim McColl and Paul Murray to get a sight of the list Charles Green says he gave to the SFA.

Or, perhaps the SFA, in the interests of honesty and openness and in the interest of a founding member club’s safety and continued good financial health, may feel they should take the bold step of revealing who all of the beneficial owners of Rangers are.

For as things stand, the men inside the Rangers boardroom seem hell bent on ensuring that the rest of the club’s shareholders cannot decide for themselves just why two far eastern based, seemingly shadowy organisations, should want to invest substantial sums in Rangers when it is almost certain there is no opportunity for their investment to provide any substantial profit.

Therefore, if making a substantial profit is not the motive for the Blue Pitch Holding and Margarita investment, just what is their motive?

That is the question which should be troubling and exercising the minds of all of the other Rangers shareholders, individual fans, supporters organisations, others such as Mike Ashley and institutional investors alike.

At the moment, the only way of getting to the bottom of what may give the appearance of being the sinister purposes of the Blue Pitch Holding and Margarita investment in Rangers, is for the current two executive directors to be voted off the Rangers board at the Annual General Meeting and men who will get to the bottom of this sordid seeming tale and who will unmask who is behind Blue Pitch Holding and Margarita Funds Holding Trust, voted on.

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No mention of his book this time?

I am sure he is a very nice chap, however his blogs are not very desireable...more so his deleted blog. This just doesn't do anything for me I'm afraid.

Maybe you wouldn`t think he was a nice guy if you bumped into him in Thailand. :sherlock:

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This is a revamp of the pish he had to pull the other day.

Blue pitch and Margarita invested money when nobody else would. Why are they being questioned now ?

As for Mini's business acumen, he's the one who thought giving ticketus ten million quid for a bill we didn't owe, and taking a ten million quid loan off them for working capital until they could get a share issue off the ground, were good ideas.

Not a million miles from Craig Whytes plan when you look at it.

Acumen ?? Yer havin a laff.

As for Leggo, using made up and sensational headlines so he can tag on an ad for his book is reprehensible, and he should be chased.

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