backup 4,724 Posted April 18, 2018 Share Posted April 18, 2018 26 minutes ago, Blue Avenger said: Exactly and if he gains 50% plus, it's game over. No it really isn't, if he were to attain 75.1% it would be game over sdm style. Quote Link to post Share on other sites More sharing options...
Virtuoso 27,180 Posted April 18, 2018 Share Posted April 18, 2018 3 hours ago, Virtuoso said: If C1872 were to call an EGM, who pays for it - them or the club? 2 hours ago, eskbankloyal said: club Okay, so no financial outlay for C1872 or it's members. So far so good. 3 hours ago, eskbankloyal said: I've made no comment on the merits of a EGM. Pointless asking for the removal of King without an alternative in place though. And by alternative I mean, a new Chairman, someone to buy his 15%, repay his £6.7m of loans (as at 30.6.17) and put up the £7m guarantee for the next 2 years. This is the major sticking point ^^^ If as has been said is true, that King is toxic and is the reason for the lack of investors then surely the rest of the board should raise the money to remove him whilst looking at alternatives to replace him. There's been a few names mentioned previously, but King and this ongoing TAB situation has deterred any serious notion of them investing. The rest of the board need to address this. If King does comply - then we revert to the above where he's bought out and hopefully those who have expressed an interest step forward. 3 hours ago, eskbankloyal said: I wouldn't be against an EGM being called to restructure the RIFC board (IMO it's too large, has people I think should be replaced & too geographically diverse). I would also expect to see TRFC exec team being removed and replaced. There's two reasons alone for C1872 to call for one. Nothing stopping them although from my scant knowledge of it, the board can refuse an EGM under certain circumstances But then again, C1872 don't want to go upsetting the board. Something has to give at some point though as we can't continue as we are. Quote Link to post Share on other sites More sharing options...
Blue Avenger 22,567 Posted April 18, 2018 Share Posted April 18, 2018 Just now, backup said: No it really isn't, if he were to attain 75.1% it would be game over sdm style. Oh ffs, your just being pedantic now. No cunt can touch him now and he holds little, so wtf could anyone do at 51%? Out vote him?! Quote Link to post Share on other sites More sharing options...
With Heart and Hand 8,949 Posted April 18, 2018 Share Posted April 18, 2018 a stagnant club millions in debt an owner who wont leave without his debts being payed apparently no one willing to take over 2011 all over again Bluekev and Gman36 2 Quote Link to post Share on other sites More sharing options...
Gman36 3,455 Posted April 18, 2018 Author Share Posted April 18, 2018 8 minutes ago, With Heart and Hand said: a stagnant club millions in debt an owner who wont leave without his debts being payed apparently no one willing to take over 2011 all over again It could come to be we need another admin to finally get ourselves where we need to be. That would be extremely painful, but it might be the only way. Quote Link to post Share on other sites More sharing options...
backup 4,724 Posted April 18, 2018 Share Posted April 18, 2018 18 minutes ago, Blue Avenger said: Oh ffs, your just being pedantic now. No cunt can touch him now and he holds little, so wtf could anyone do at 51%? Out vote him?! 75.1% gives unfettered total control, which ensures the holder can thwart even special resolutions that they do npt agree with. Not pedantry just simple fact. Quote Link to post Share on other sites More sharing options...
Bigsasasfloppyhair 13,310 Posted April 18, 2018 Share Posted April 18, 2018 7 hours ago, Rfc52 said: He has a soft spot for us Simon Jordan? I never knew that. Im just always impressed when you listen to him. Quote Link to post Share on other sites More sharing options...
Dlydon81 245 Posted April 18, 2018 Share Posted April 18, 2018 11 hours ago, backup said: who replaces them and their loans ? If the fans show a togetherness and determination then potential investors MIGHT stand up and take note that this is a club worth investing in. If we continue to accept the status quo then that will never happen and we can expect more of the same year after year! SACK THE BOARD Quote Link to post Share on other sites More sharing options...
grfc1872 56 Posted April 18, 2018 Share Posted April 18, 2018 11 hours ago, Courtyard Bear said: You get proper people in place who can squeeze every last drop of available revenue out of the market, couple that with running an efficient business model and run the club within its means. Within its means doesn’t mean we avoid all debt, debt is only a problem when you can’t service it, a proper run Rangers can carry a good serviceable debt. We’re already working on a business model at present Quote Link to post Share on other sites More sharing options...
Courtyard Bear 41,357 Posted April 18, 2018 Share Posted April 18, 2018 23 minutes ago, grfc1872 said: We’re already working on a business model at present ?? sorry mate I’m not laughing at you. Business model at Rangers...... ?? Quote Link to post Share on other sites More sharing options...
Malvern 11,329 Posted April 18, 2018 Share Posted April 18, 2018 2 minutes ago, Courtyard Bear said: ?? sorry mate I’m not laughing at you. Business model at Rangers...... ?? He's taking the piss don't worry. Quote Link to post Share on other sites More sharing options...
grfc1872 56 Posted April 18, 2018 Share Posted April 18, 2018 14 minutes ago, Courtyard Bear said: ?? sorry mate I’m not laughing at you. Business model at Rangers...... ?? Page 3 model more like ? Quote Link to post Share on other sites More sharing options...
Courtyard Bear 41,357 Posted April 18, 2018 Share Posted April 18, 2018 16 minutes ago, grfc1872 said: Page 3 model more like ? Done up like a kipper. ? Quote Link to post Share on other sites More sharing options...
backup 4,724 Posted April 18, 2018 Share Posted April 18, 2018 1 hour ago, Dlydon81 said: If the fans show a togetherness and determination then potential investors MIGHT stand up and take note that this is a club worth investing in. If we continue to accept the status quo then that will never happen and we can expect more of the same year after year! SACK THE BOARD We can’t afford the risk of might, the consequence of which could be terminal. ’ Quote Link to post Share on other sites More sharing options...
Sweetheart 8,458 Posted April 18, 2018 Share Posted April 18, 2018 2 minutes ago, backup said: We can’t afford the risk of might, the consequence of which could be terminal. ’ I understand that to get rid of King someone will need to buy his shares, loan notes and to find someone to cover the shortfall for this year. Does this all have to go to one buyer or could they be separated with different individuals buying the shares, loan note and and rights to offer loan4shares to cover the short fall? Quote Link to post Share on other sites More sharing options...
backup 4,724 Posted April 18, 2018 Share Posted April 18, 2018 2 minutes ago, Sweetheart said: I understand that to get rid of King someone will need to buy his shares, loan notes and to find someone to cover the shortfall for this year. Does this all have to go to one buyer or could they be separated with different individuals buying the shares, loan note and and rights to offer loan4shares to cover the short fall? Anyone with money to burn is welcome, if indeed any exist. Quote Link to post Share on other sites More sharing options...
piperpete 3,186 Posted April 18, 2018 Share Posted April 18, 2018 12 hours ago, plumbGER said: The mate with the gun who goes to Russia with him? Two guns mate, if your going to talk about him at least get it right plumbGER 1 Quote Link to post Share on other sites More sharing options...
Sweetheart 8,458 Posted April 18, 2018 Share Posted April 18, 2018 24 minutes ago, backup said: Anyone with money to burn is welcome, if indeed any exist. I was wondering if TAB and the rest of the directors are finding a way for King to be removed from the company. If the rumour is true about Hummel then it is part of the Thornico Group. Thornico have companies dealing in all different markets including venture, seeding and debt management. If Thornico owners Thor Stadil & Christian Stadil bought King's loan note and the rights to offer loan4shares, to cover the short fall. The Stadil's could then convert the loan notes to shares leaving them as majority owners with the money and contacts to make a difference, leaving King/NOAL/LAIRD/JIM to retain that shareholding but with no voting rights until ownership can be proven. Quote Link to post Share on other sites More sharing options...
donmeister1972 38 Posted April 19, 2018 Share Posted April 19, 2018 The boards position is now clearly untenable.I for one was all for the current board,but we have stumbled from one shambles to another under their tenure.If the latest rumours about murty not even being present while wallace and miller blasted the players,the board have to go.From barton,warburton mcinnes,murty and now to this,this has to be the final straw,that wee snidey bastard robertson does my head in,these rat bastards are no better than the last board,this stinks of trying to offload two higher earners quicker,while making them scapegoats,they are so out of touch with working class fans it is unreal. Quote Link to post Share on other sites More sharing options...
The Godfather 71,874 Posted April 19, 2018 Share Posted April 19, 2018 I know everyone wants to vent but a new thread for this is eye gauging. BertContraband 1 Quote Link to post Share on other sites More sharing options...
donmeister1972 38 Posted April 19, 2018 Share Posted April 19, 2018 A silent protest will do nothing...a.proper board out protest is needed on sunday.enoughs enough rabc10000 1 Quote Link to post Share on other sites More sharing options...
Popular Post Sket 13,610 Posted April 19, 2018 Popular Post Share Posted April 19, 2018 I wasn't going to go back this season but I can see things turning ugly on Sunday so I'm going. These bastards need lynched. rabc10000, BridgeIsBlue, Gascoigne8 and 4 others 7 Quote Link to post Share on other sites More sharing options...
Virtuoso 27,180 Posted April 19, 2018 Share Posted April 19, 2018 4 minutes ago, donmeister1972 said: A silent protest will do nothing...a.proper board out protest is needed on sunday.enoughs enough Already a 5 pager 1/2 way down the front page: Quote Link to post Share on other sites More sharing options...
donmeister1972 38 Posted April 19, 2018 Share Posted April 19, 2018 Sound.Dont come in and have a say in it,just scroll on. Quote Link to post Share on other sites More sharing options...
KeyserSoze 14,531 Posted April 19, 2018 Share Posted April 19, 2018 23 minutes ago, donmeister1972 said: The boards position is now clearly untenable.I for one was all for the current board,but we have stumbled from one shambles to another under their tenure.If the latest rumours about murty not even being present while wallace and miller blasted the players,the board have to go.From barton,warburton mcinnes,murty and now to this,this has to be the final straw,that wee snidey bastard robertson does my head in,these rat bastards are no better than the last board,this stinks of trying to offload two higher earners quicker,while making them scapegoats,they are so out of touch with working class fans it is unreal. Ok, they are sacked - all gone. We got our wish - everyone handed their notice in and pulled their shares on Sunday after the game. yipeee, job done Now kindly paint a picture of what we look like on let's say, Tuesday next week? spell it out now and don't just shrug your shoulders mate, spell out what we look like from top to club management - you can even throw in some names if you like. while you are doing that, i'll away and put my popcorn on. BlueAvenger, Mckay, Buggleskelly and 1 other 4 Quote Link to post Share on other sites More sharing options...
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