Getstiffed 8,863 Posted March 17, 2014 Share Posted March 17, 2014 Well should people who buy a monthly rail ticket or a season rail card demand security??Unreal!!!!!!!Sorry just realised from your location that you do not live in the real world so I guess that explains your strange reasoning. Quote Link to post Share on other sites More sharing options...
Bad Robot 21,150 Posted March 17, 2014 Share Posted March 17, 2014 Given past events, im happy that some common ground has been found. Concilliatory noises now from board and DK.Request from him to now give the board the time they have asked for as on the whole they have given him the assurances he was looking for. Hope the DK supporters do as he asks.Board also stood strong on the ST issue which is the right thing for the club.A good day. Now onto the fitba to make it a great night.A good post with only the clubs best interest as an agenda.It's a pity others in this thread can't have the same attitude without their cheap digs. Quote Link to post Share on other sites More sharing options...
theweebluenose 4,332 Posted March 17, 2014 Share Posted March 17, 2014 "Let us give the board time to comply with its commitment."Been saying this for months now Not going to happen, some people's ego's are far more important than the Club's stability. Quote Link to post Share on other sites More sharing options...
Docspawn 412 Posted March 17, 2014 Share Posted March 17, 2014 Aye comments like this is really gonna make him want to spend his cash. How else do u propose Gers ever going to stop the scum going for 15 in a row !Hopefully he has remembered the combination to his wallet ? Unless he buys the investors out this is just going to drag on and on. Money on the table dave or fuck off ! Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted March 17, 2014 Share Posted March 17, 2014 Aye comments like this is really gonna make him want to spend his cash. How else do u propose Gers ever going to stop the scum going for 15 in a row !By doing what we've done for over a 100 years? Quote Link to post Share on other sites More sharing options...
Frank Reynolds 3,359 Posted March 17, 2014 Share Posted March 17, 2014 Aye comments like this is really gonna make him want to spend his cash. How else do u propose Gers ever going to stop the scum going for 15 in a row !15 in a row?Come on mate, even if King fucks off now and doesn't give us a penny, that's more than enough time to get our shit together Quote Link to post Share on other sites More sharing options...
Leeds_Bear 8,110 Posted March 17, 2014 Share Posted March 17, 2014 I think its a good statement actually, reads to me that King is satisfied with what the board have said and although they are,not agreeing to his ST plans (as if they were ever going to) he says what we all say, lets see what the 120day review comes up with. A much more conciliatory message from King today and lets see if the UOF and SOS do as he asks and let the board finish the crucial reviewA sound and rationale statement - much more professional and level headed than some of the statements coming out of Union of Fans and SOS recently. Quote Link to post Share on other sites More sharing options...
elephants stoned 2,994 Posted March 17, 2014 Share Posted March 17, 2014 Aye comments like this is really gonna make him want to spend his cash. How else do u propose Gers ever going to stop the scum going for 15 in a row !15 in a row unless you mean 15 boys buggered then celtic will never do 15 in a row. Quote Link to post Share on other sites More sharing options...
WATP-FOREVER 5,231 Posted March 17, 2014 Share Posted March 17, 2014 Let's be ethical here - exactly how many of the current board members have been charged with tax avoidance (not even tax evasion) - and secondly; how many shares has david king purchased.And, sleekit twot has not even admitted that he received 15m of the 20m from the SDM dynasty - even tho' he declared the 15m to SARS as income. Quote Link to post Share on other sites More sharing options...
Gerwelly 115 Posted March 17, 2014 Share Posted March 17, 2014 This article is presented in a manner which focuses on the ring fencing but when you actually read the statement it is the whole positive. He thanks the fans for creating the opportunity for the board to meet with him. He has presented his concerns seems to be happy with what he has heard so much so tat ge is now saying we should wait to hear the review.Where previously he said he had given up trying to work with this board prompting his current action Re season tickets he is now willing to wait until they require funds and be part of that.Statement by Dave KingI refer to my meeting with the Rangers board and the subsequent statement by the board on issues that I raised with them. However, first I wish to thank the Rangers fans for their support without which it is unlikely that the board would have met with me.The more important issues I raised at the meeting were:1. the lack of transparency on the financial position of the club.2. my concern that the board was operating in a manner that would consign us to being permanent also-rans when compared to Celtic.3. fans could not be expected to pay for season tickets while uncertainty continued around the board’s ambition and funding of the club.4. my concern that Ibrox and Murray Park would be used, directly or indirectly, as security for some form of financing.The board has now publicly dealt with each of the above. The board has affirmed that it regards competition with Celtic and in Europe as being its continued aim and that this outlook will be reflected in the business review that will be published within the next month. Crucially, that will allow fans sufficient time to consider the review prior to investing in season tickets but it is also important that the board has now confirmed categorically that they will not use Ibrox or Murray Park as security for any form of fund raising.No one should be in any doubt that this public statement and commitment is significant and should be appreciated as such. Statements from a public company board are intended to be relied upon so in a couple of weeks we can expect a business review that will reflect the board’s ambition and a funding plan to achieve this. We can also rely on the fact that if circumstances change the board would be bound to advise the public in advance of this.The only significant issue that I discussed with the board that is not contained in the board statement is the Laxey loan facility. Mr Crighton, on behalf of the board, made a forcible argument as to why the board considered and approved the terms of the Laxey loan. The board considered that a combination of legal risk and the current financial position justified the loan terms. I replied that a consequence of the board’s view of the high risk to anyone advancing funds to the club is the board’s fiduciary responsibility to ring fence any season ticket money that is received (even if fans don’t request this) unless sufficient committed financing is in place at that time. The board did not agree with me on this logical consequence but I believe that my observation is correct.The board has now communicated with the fans and has committed to do so in more detail within a month. Let us give the board time to comply with its commitment. I advised the board that I would wish to be a part of the required fund raising as a component of a united fan group investment vehicle. This will require further discussion after release of the review in the next month. Quote Link to post Share on other sites More sharing options...
simon 1,743 Posted March 17, 2014 Share Posted March 17, 2014 Good statement. Let's see what the board says with this review and then we can decide what happens. Quote Link to post Share on other sites More sharing options...
TheQueensEleven 1,355 Posted March 17, 2014 Share Posted March 17, 2014 RANGERS BOARD REJECT KING PROPOSALThe Rangers board have rejected Dave King's plan to ring-fence season-ticket cash, the former director claims.King met with the ruling Ibrox regime on Friday for showdown talks about the club's worrying financial state.The club responded 24 hours later with a statement describing the meetings as a "helpful, open and honest discussion".But the South Africa-based businessman's proposed scheme - that would have protected season-ticket cash from being used to repay a controversial £1.5million loan handed to the new League One champions by investors Sandy Easdale and Laxey partners - was knocked-back by the board.The loan agreement is secured against the Albion car park and Edmiston House facility and will earn Laxey a £150,000 profit in either cash or shares when it is repaid next year.King says the board have addressed many of his concerns about the fallen Glasgow giants' future but revealed the two sides could not find common ground on the topic of season-ticket revenue.In a statement, the Castlemilk-born multi-millionaire said: "The only significant issue that I discussed with the board that is not contained in the board statement is the Laxey loan facility."Mr [Norman] Crighton, on behalf of the board, made a forcible argument as to why the board considered and approved the terms of the Laxey loan."The board considered that a combination of legal risk and the current financial position justified the loan terms."I replied that a consequence of the board's view of the high risk to anyone advancing funds to the club is the board's fiduciary responsibility to ring fence any season-ticket money that is received (even if fans don't request this) unless sufficient committed financing is in place at that time."The board did not agree with me on this logical consequence but I believe that my observation is correct."King looked set to go to war with the board when he advised fans to withhold season-ticket cash and instead pay it into a trust fund which would then drip feed the money to the club.He made his original call after complaining about a lack of transparency about the club's financial state following last year's £14.4million loss and rumours of downsizing to boss Ally McCoist's squad, which King feared would allow Celtic to rack up "10 in a row".On top of his concerns about season-ticket cash, the former director - who lost a £20million investment when the club was liquidated in 2012 - also expressed fears that the board would mortgage off Ibrox and Murray Park to secure fresh finance.But he added: "The board has now publicly dealt with each of the above. The board has affirmed that it regards competition with Celtic and in Europe as being its continued aim and that this outlook will be reflected in the business review that will be published within the next month."Crucially, that will allow fans sufficient time to consider the review prior to investing in season tickets but it is also important that the board has now confirmed categorically that they will not use Ibrox or Murray Park as security for any form of fund raising."No one should be in any doubt that this public statement and commitment is significant and should be appreciated as such."Statements from a public company board are intended to be relied upon so in a couple of weeks we can expect a business review that will reflect the board's ambition and a funding plan to achieve this."We can also rely on the fact that if circumstances change the board would be bound to advise the public in advance of this."He added: "The board has now communicated with the fans and has committed to do so in more detail within a month."Let us give the board time to comply with its commitment."I advised the board that I would wish to be a part of the required fund-raising as a component of a united fan group investment vehicle. This will require further discussion after release of the review in the next month."Here's me thinking it was the parent company that was liquidated. Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted March 18, 2014 Share Posted March 18, 2014 Aye comments like this is really gonna make him want to spend his cash. How else do u propose Gers ever going to stop the scum going for 15 in a row !15 in a row Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted March 18, 2014 Share Posted March 18, 2014 15 in a row It'll be 100 in a row by next week Quote Link to post Share on other sites More sharing options...
Thewhitesettler 2,711 Posted March 18, 2014 Share Posted March 18, 2014 I have a feeling that this "120 day review" thing is gonnae be an anti-climax. I do hope that Mr Wallace does pull more than a rabbit out of a hat on day 121, & maybe has a long list of investors, wanting to give Rangers all their money. Any extremely wealthy Arabs, are most welcome... Quote Link to post Share on other sites More sharing options...
stu54 128 Posted March 18, 2014 Share Posted March 18, 2014 What a mess this is. Happy for now, and lets see what happens .Meanwhile i'll just nip back to SOUTH AFRICA.And leave you to it.What a wanker. Quote Link to post Share on other sites More sharing options...
GOAT 30,449 Posted March 18, 2014 Share Posted March 18, 2014 Does this mean we'll finally have peace until the review is finished? We'll have no more shite protests, no more sack the board chants, no more embarrassing interviews?Or am I the only one that thinks some people love the sound of their voice too much and the usual attention seekers will be organising more shite in the future? Quote Link to post Share on other sites More sharing options...
surfsup2 1,535 Posted March 18, 2014 Share Posted March 18, 2014 Does this mean we'll finally have peace until the review is finished? We'll have no more shite protests, no more sack the board chants, no more embarrassing interviews?Or am I the only one that thinks some people love the sound of their voice too much and the usual attention seekers will be organising more shite in the future?Totally agree let's just get on with doing what we do best in supporting our team.If you had said at the start of the season we wud still be in the cup and never off the TV.The only show in town!!!There is more buzz about us than the cup game at the weekend with the sheep. Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.