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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Dr. evil not looking happy
Poor Mc Dowall …he still whispering into Ally’s ear “whit are wi gonne dae noo boss”
HH
So effin funny! Oh this is so effin funny :>)
Hx2
Rangers will be turning in their grave…. I’m not missing Super Alloa as much as I thought.
Molongo looks a player!!!
Your Molongo Rangers anymore
Stubbs gone for a pony
Do the bouncy going into meltdown
I’m done, they are a f*****g embarrassment to our beautiful blue shirt.
We may as well get f****d 5.0.. I don’t care just now
this is the result of three years of pish poor planning and management on and off the park
And some retards on here thought McDowall would be his own man…
I’ve been a Rangers fan for nearly 50 year’s and I’ve never seen so much s**t from anyone in a blue jersey before
Big punt up the park time.The sleekit one must have a link up with Kenny.HH
Stan
I think the 3-2 at Aloa was a bigger hiding!!!
Hibs have chucked it, lol
Theres plenty of monlongos that support sevco
Hibs fans having a ball ……..
Sevco
Sevco
Sevco
CELTIC (4-2-3-1) Gordon; Matthews, Ambrose, van Dijk, Izaguirre; Brown, Bitton; Griffiths, Johansen, Stokes; Guidetti. (MD)
Hibees taunting the remaining Sevconians mercilessly
Arse gets booked
best line so far…………….
It’s gonna take a lot of time to sort this mess out.
What the hell have we ever done to deserve all this?
CELTIC SUBS: Zaluska, Scepovic, Commons, O’Connell, McGregor, Henderson, Tierney. (MD)
griffiths – yes!
Delighted to see Griffiths starting.
Pat Stanton coming on!
Gary67
14:01 on
27 December, 2014
CELTIC (4-2-3-1) Gordon; Matthews, Ambrose, van Dijk, Izaguirre; Brown, Bitton; Griffiths, Johansen, Stokes; Guidetti. (MD)
==============================================
good to see the griff in the starting line up today
Elbows booked…..shockeroony!
Forrest ?
What’s that coming over the hill? That’ll be league reconstruction then, watch this space.
Hibs fans showing up the commentators as they tell Porkys.
The 6-2 game wasn’t against Sevco ya numpties!
Sevco Sevco, Sevco Sevco!
Is McDowell actually going to be worse than Sally?
Karma really having some fun catching up with the zombies.
Ooh to, Ooh to be, Ooh to be a…
jmccormick
14:03 on 27 December, 2014
What’s that coming over the hill? That’ll be league reconstruction then, watch this space..
………..
That or the admin man :>)
Surely Forrest isn’t injured again?
Walker talkin like a hurtin hun!!!!
Jmccormick… Yup. Another season in the championship would kill them for good.
What a shower of fegganneggies.
DeeEll says: looks like they’ve thrown-in the McDowell……………
Just about to set off to downtown Houston, Texas to watch the game with the Houston Bobby Lennox CSC. Hail hail
Let’s see Tanner’s coupon to really cheer us up.
hibbees singing ‘craigy whyte’
ha ha ha
Craigy Whyte getting belted oot hahaha