Here’s the question: Potential investors offer to underwrite £6.5m worth of shares, around 30% of the club’s equity, at circa 16p per share, and require 2 seats on the board, what do you do?
Money is welcome, but the existing shareholders may consider this particular offer poor value. The first £3m will go to repay Mike Ashley’s loan, acquired on easy terms and due payable in April, leaving you with a net inflow of £3.5m. But you’ve flogged 30% of the club to get it.
There’s also the small matter that a net improvement of £3.5m is not enough to save the farm, in fact, it will only keep the doors open for another five weeks. Five weeks, for 30% of the company. Is this in the best interests of the shareholders?
If you’re advocating the position of the fans, you’d take the money. You don’t care how much of the club is given away, or that you’re only kicking the ball down the street 5 weeks. In fact, you want ever-more of the club to be traded in this exchange, as you don’t trust the current controlling shareholders. The shareholders will see things differently.
Throughout this episode an arrogant attitude has existed towards those who put their hands in their pockets in 2012, or since, and funded Rangers International FC PLC. I’m not saying I’d be any different if it was my club, just observing that any attempt to present a solution to the club’s gargantuan problems without recognising – and suitably compensating – the controlling shareholders, will fail.
Ashley can allow his £3m loan to rollover in support of an alternative offer, perhaps from an anonymous offshore entity, respecting the value the shareholders paid when their club needed help most.
I know it’s counter-culture for these types, but why not just offer to buy-out the shareholders at a high-enough rate that they’ll accept? Like Fergus did back in ’94. None of these guys are there for the seat in the gazebo, it’s about cash – if you want the club, don’t try to shame them into handing it over, pay them!
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Hibs come close again.
Ah well, at least Dobbies have a nice cafe.
Black fuming!
Black off 33 mins
Ahahah black
Why do the Hibs look like they are playing in Jambos strips?
At least he took it well, a true professional!
Wonder if ally has a tv in the garden shed
Fair play to McDowell. He said he wasnt going to deviate from Allys tactics and so far hé’s as good as his word.
PMSL
c k
Money back n.r???
What happened to the gazebo money?!
HH!!
Black feels blue. ..he could paint Ally’s shed this afternoon.
Fosters never been the same player since Izzy skinned him!!!!
TallyBhoy
It was rented!!!
On the bus to the game, loving the updates from Edinburgh lol
Only one team playing football or are capable of playing football, 2-0 down and they bring on a holding midfielder. HUNbeliveable lol
Enjoying the festive comedy show, watching the mighty Hibees. Interesting decision by McDowall to take off Black. To be fair to him showed a bit of guts and intelligence as Black had been booked and fair chance he would be sent off.
Black on a Red
Booked and Hooked
and it’s no half time
do dah do dah
day
At least they’ve still got Moshni to fall back on…
Just tuned in to the BREACHgrove Garden to discover they’re 13/hun with In-play…..
………….unlucky for some! :-)
Hibs have dropped the pace and it is suiting Sevco.
The Sevco defence is there for the taking too
For those of you thinking of travelling to the oldest “Cold Firm” derby in the North, today’s Brora Rangers v Wick Academy is OFF!
Madden will be ordered to an emergency ludge meeting in the dressing room to sort this oot.
Half-time.2-0 to the Hibees.
Sometimes sitting down with a cup of the wee T and a bicky watching how keech the Zombienation really are is so so exhilarating especially just before you venture forth to Paradise ;)
They’re Deid am tellin ye they’re Deid !!
You have to admire this Orcs insight:))
Three years late to the party mate!
Ian Waugh on Facebook: “Watershed day for the Gers. The board must now realise things are desperate both on and off the park but will they accept any of the offers on the table? I very much doubt it! Get the youngsters blooded as the old guard are not up to the job and costing a fortune.”
Mcdonkey has improved the hun.
last time they played hibs it was 3 zilch at half time.
With all the Lubo chat today, i’m wearing my Moravcik 25 t shirt to the game along with warmer gear.
Lubo & Naka, our two greatest number 25’s.
Lubo should be in all football coaching videos in how the use of both feet can make you an even better player unless you are exceptional like Maradona. Despsite English media going on about how one footed Messi is, has scored around fifty goals with his right foot. Compare that to Frank Lampard scoring less with his left foot.
If the players all do their jobs well today and convert most of our chances, we should be in good humour after the game.
Right time to get ready for paradise.
4 nil to the tick today.
H.H.
Tanner and McCann doing the Christmas comedy special on sky sports it’s magical hohoho
Off to paradise HH timland
jude2005 is Neil Lennon \o/
12:54 on 27 December, 2014
Yea – needs all he can get – sitting in the dugout he had the look of a guy who knows he’ll be back painting houses soon
Up over goal – we wouldn’t beat Bolton?
Who (apart from Heskey obviously!) from Bolton would you consider to be good enough for us?
Surely a yellow
Should have been a yellow.
Ref having a love in
guernica
Neil Lennon!
Boyd elbows Hibs player in face, right in front of ref. Plays advantage and after play breaks up, no action.
The ranks of Tuscany could scarce forebear to pish themselves laughing
Up_Over_goal
It’s not pace that’s the issue it’s decision making. Always has been. Where my point crosses over with a narrative I am delighted to hear exists (albeit I see very little evidence of it), is that I don’t think Commons knows how to adjust his game to accommodate his limitations – unlike Lubo there’s little evidence he’s ever known how. That, and the hint that because Commons isn’t a good fit for a modern team somehow that means Lubo is in the same category. Not the case, Lubo would have been a big part of RD’s team.
I think the majority of Celtic fans will be very upset when he leaves, and I don’t think there’s an established narrative in favour of his departure. For what it’s worth I’d be happy if he stayed, but as a bit part player.
So, my Commons concerns are very specifically; he’s a turnover machine who never protects possession, I think he’s the worst ‘best player’ I’ve ever seen at Celtic, and I think his success is derived from the sheer quantity of attempts to score he makes.
It’s to any players credit that they have a killer instinct. Genuinely admirable. He is a good finisher, among the best, and clever with that too. He will always have a go, and in the SPL he can be invaluable.
Age isn’t the concern, he’s just not in Lubo’s class. I think anyone would agree.
I’m aware you’re a Commons fan, but I’m not likely to change my view that his turnover rate kills us, and in particular RD’s hopes for our team.