I can’t tell you how many statements I’ve read from those trying to bring down Newco Rangers (bonne chance) but not one comes near to approaching the key question: what can they offer the the men and women who own shares in Newco to convince them to accommodate their future aspirations?
Threats, intimidation and blackmail are all possible incentives, but no one has actually put a case forward which would compensate the investment made by the shareholders who, let’s remember, own all club assets.
An enormous assumption appears to have been made that hedge funds and various Easdales will capitulate and simply walk away and sign their paid-for assets over to a group who are regularly abusive towards them. It’s like 2012 all over again, when parts of the world assumed HMRC would capitulate and agree to a CVA for Oldco, despite all genuine evidence (i.e. published policy) indicating otherwise.
Game Theorists would have a ball with this scenario. Shareholders are being offered a choice, hand over your assets to a hostile opponent or attempt to continue with a vastly reduced business. The former option should not be taken seriously.
Question is, where does this particular game end? It’ll not be in an outcome satisfactory to many of those dreaming of ‘competing with Celtic’ anytime soon.
This mind-set should be familiar. It’s the same one which blamed Celtic, or small-minded small clubs, the SPL and/or SFA, blamed anyone, in fact, apart from those who endorsed years of overspend at Rangers, for their eventual demise.
Walking headlong into unsustainable debt is no different than walking headlong into a conflict with hedge funds who would sell your valued acre for landfill rather than be held to ransom.
I’ll renew my season tickets tonight (still annoyed I didn’t do so in time for the free ticket draw). Whatever happens in the wider scheme of Scottish football, one club will be supported ‘through and through’.
Yogi Bare – The John Hughes autobiography:
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….PFayr supports WeeOscar
10:35 on 25 April, 2014
Who would buy shares in a company losing £700k per month ?.
—————————————————
Morons? Know Your Customer!
Ffm 4.27
The Celtic Board are highly unlikely to understand the various Articles of UEFA FFP introduced in 2010 at any level of detail. The devil is in the detail, LOTS of detail.
Celtic wrote to the SFA in late 2011 to question the granting of the licence and were told correctly that at the point of granting the SFA were right to do so.
As far as Celtic were concerned the questions supporters put to them in 2011 about the granting of the licence had been answered.
That influenced their official response to Res12 but information that had become available and after a good few days analysed to set a credible narrative had the effect of saying that it would be a mistake to reject Res12 without checking out the detail.
The Board do not do the checking but order it done. Had Res12 not reached the AGM agenda the issue would not have been looked at in the detail required.
Simple as that but at some future date Celtic would have to face the issue anyway.
Its like Xmas eve when I was a wean.Canny wait.
Brogan Rogan Trevino and Hogan supports Oscar Knox, MacKenzie Furniss and anyone else who fights Neuroblastoma.
Yes of course your scenario would be feasible.
According to Super Salary though Mr Laxley would never do that after all, he has always been a Rangers man and Ally has given him his full backing and support.
Seriously. Operatives of Hedge funds are there for one purpose only. To make money.
However surely the people who actually own “The deeds” must be established prior to your scenario being acted out.
I am particularly intrigued to see if Ticketus are still in the scene. Companies with a proven track record like theirs just don’t do walking away.
Intriguing developments ahead. No doubt.
HH.
I think a bit of fideism will be needed for the bears when the review is published.
….PFayr supports WeeOscar
10:35 on
25 April, 2014
Who would buy shares in a company losing £700k per month ?.
Trigger.
Geordie Munro
Missed that earlier post of yours. If Sevco had behaved in the way you describe, I’d be a bit less exercised by the whole matter. It might also have given at least a crumb of comfort to their many creditors, who’ve had insult added to injury by their same club nonsense.
ernie lynch
10:34 on
25 April, 2014
Bizarre tangent as always Ernie, and as always a result of your deep hatred of the SNP
Despite Scotland having only one Conservative MP and no UKIP, it doesn’t stop Scottish edition tabloids Sun, Express and Daily mail promoting both parties
Wallace to address Rangers staff ahead of his business review and then the media. *Rubs hands*
Beatbhoy
I am intrigued as to who you are and if I do know you. I am in regular touch with George, especially recently (and you may know why). If you want to get in touch (or if you don’t know why), Paul can give you my email address
Paul 67, would you be so kind……
DBBIA at 09.40
Careful! You missed out an ‘A’.
The Union of Fans had planned a large scale protest, display and leafleting at the game on Saturday. This will now be cancelled following the sad passing of Sandy Jardine.
“We hope that Saturday will now be solely about honouring a fantastic servant of Rangers Football Club.”
The whole Rangers Family will honour him on Saturday and the leading role he playing in saving the club. Saturday will be all about Sandy.
On what parallel universe is “Liquidation”classed as “Saving the club”.These people get more stupid by the day.
beat bhoy -did I?
mea maxima culpa.
I just copied and pasted off the ole Wiki.
Cadizzy
Appreciate that, thanks. I’ll be in touch once I have your email address.
From Twitter
User name Con D Send. Insider?
@apocryphal5: Wallace to address Rangers staff ahead of his business review and then the media. Bad news all round.
Get ready guys, 11.00 I believe, is the expected time of announcement!
Please, gonny no’ go inty Admin till after the season ends, just, gonny no’!
HH
lionroars67
10:47 on 25 April, 2014
‘Bizarre tangent as always Ernie,’
##
Hardly bizarre. And not at all tangential.
In fact it was directly on point.
There WAS a newspaper that supported the SNP.
It DIDN’T last.
Anyway aren’t Salmond and Murdoch best mates?
Sandy Jardine RIP
cancer is a horrible affliction, I have lost friends and family members to it, can only wish his relatives and friends sympathy, as there are no right words at a time like this.
KTF
I see more desperate posts today from the nationalists. My god it’s getting desperate.
Sipsini
You lurking?
Paul67
I am not sure what email address you have for me…if it has sky in it, it is still the right one.
Best regards
Ernie
I have never eaten peas! I do not know what it is about the humble pea but I could never take to the vegetable at all. Similarly, I have an utter abhorrence of the baked bean.
Something to do with trauma at nursery school.
However, we did discuss succulent lamb as that was one of the topics on the agenda.
Johnny Clash.
I understand re Silverburn and Braehead and agree that another shopping area such as those would be non starters.
However, the point of my question was not re the detail of any such scheme but the fact that in this climate there are any number of professionals and money men who will explore the possibility of taking a site, gaining the appropriate permission, ascertaining values with that permission and so on.
They key issue I was alluding to was that fund managers could not afford to ignore any such proposal and in fact might be obliged to pursue investigations into any alternative use scheme.
I know of serious businessmen who are currently looking at a number of projects in Glasgow with all the professionals acting in a speculative capacity at the moment, where they prepare opinions and feasibility studies into proposed uses for various pieces of ground.
Morrissey the 23rd
10:49 on
25 April, 2014
Wallace to address Rangers staff ahead of his business review and then the media. *Rubs hands*
That sounds ominous for jobs.Players or cleaners?.Managers or maintenance.High salaries or Fat Sallys.
There will be a few with fissilingual who’ll need a fiberscope to get to the detail of today’s review, some may resort to fescennine and I doubt that the report will have made any of them felicificative, though I suspect some of the bears may want to fustigate the writer of the report.
jonny the tim
10:54 on 25 April, 2014
If all staff are involved in the address from Wallace it may be the start of the ‘consultation’ period prior to redundancies.
Or maybe he wants to announce the bonus and pay rise package for the comming year!
cv
So if there’s a plume of white smoke seen emerging from Ipox does that mean that the report has been release or that the Easdales have gone straight to Plan B?
Morrissey the 23rd
Wallace to address Rangers staff ahead of his business review and then the media. *Rubs hands*
——————————
Is he just gonnae stand there and shout “FFFFFRRREEEEEDOOOOMM”
and leave….( with his bonus of course) :-)
Ps….WTF did my brother do to u, the last time you shared a hotel room….you sound scared;-)
DBBIA
The potential for confusion on here is huge! Or maybe it’s just me!
I was referring to your abbreviation. ANNOAN.
No more pointing out spelling mistakes from me, even jokingly!!
The report is out
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B90T9Z75GBGBXASQ1
Does anybody think there would be riots around Ibrox if it was to be demolished or are they too apathetic?
If it happened, the SFA would give them Hampden at 50p per annum rent.
http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary.html?fourWayKey=GB00B90T9Z75GBGBXASQ1
I see the Ghercin in London has gone into receivership, we await news on the other eyesore over in west end of Glasgow should be an interesting next few hours?
HH
lionroars67 @10.47 hrs.
Curious fact in Scotland the Daily Mail is holding on to its circulation better than the rest with > 95.500 sales.
Also curious, many of the links on CQN are from this newspaper.
Of course nearly all newspaper sales are in decline due to alternative media outlets.
No point to make, only an observation.
HH.
pedrocaravanachio67 @ 11:03
What happens in his hotel room stays in his hotel room.
The review:
http://pdf.reuters.com/Regnews/regne…425:nRSY425Fa
beat bhoy- this could go on nd on nd on nd on…
So, nae money, share dilution in the Autumn, and if you want a season ticket, you have to pay cash up front, no Credit or Debit cards accepted!
Ha Ha.
Share issue in the Autumn and ongoing cuts.
Oscar positive thoughts unionbearBhind
11:06 on 25 April, 2014
West end?
West end?
Apoplexy ensues.