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Rope-a-Dope lemmings ready to walk off cliff

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Rangers International’s advice to shareholders, issued last night, for next week’s General Meeting is legally spot on.  They have read the contract but they’re not reading the narrative.

As they say, the club would not be bound to repay the £5m loan from MASH if shareholders vote in favour of doing so.  Repaying this loan may not be in the interests of “shareholders as a whole” (I dispute this).

In asserting these views, and winning the vote on the matter, Rangers International will surely not surprise MASH.

When someone as thorough and well-resourced as Mike Ashley puts resolutions in front of you, when his motivations are “not clear to the directors”, you have to consider if you’re in a Rope-a-Dope scenario.

Without knowing anything about Ashley’s plans, I can give you an assurance that he will expect shareholders to vote against his resolution.  He is asking for his money and expects this request to be declined.  He is also asking searching questions about the events which led to the succession of the current board.  I do not expect him to be satisfied with the answer.

The real question is, why has Ashley engineered a scenario where he has made a legitimate request for repayment and been rejected?

If you think next week’s meeting is about winning the vote you could not be more wrong.  The cynic would say Ashley wants justification for what he’s about to do next.

Those shares in Rangers Retail Ltd (RRL) which are due to be returned from MASH to Rangers International on repayment of the loan are currently worth 26% of RRL.  I wonder if they will be worth more than 0.1% of the company this time next month.

This is a classic Rope-a-Dope.  Pay him his money, do it quickly, secure as much of your Intellectual Property as you can, as quickly as you can.  This is not a matter for brinksmanship.  You stupid, stupid, lemmings are walking off a cliff.  Again!

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  1. whitedoghunch on

    did not bother reading the article feel sick, empty

     

    Celtic having links with a Saudi club disgusts me.

  2. Paul,

     

     

    Why should you or any the rest of us give a monkey’s if THEY walk off a cliff?

  3. ” I wonder if they will be worth more than 0.1% of the company this time next month.’

     

     

    I don’t understand this part. I know its bad for them, i hope its very, Very bad for them, but what does it mean in plain terms?

  4. Jungle Jim Hot Smoked on

    67Heaven @ 11:43 on previous article.

     

    I do not understand . Why are you addressing that post to me?

     

     

    JJ

  5. Paul

     

     

    Dearie me, you really are not with it are you !

     

     

    Gash will just pay him off with a fraction of his weans inheritance, and everything will be hunky dory :-)

     

     

    Watch out Timmy, the gers are back

     

     

    HH

  6. HA HA HA HA HA hahah haha haha hahaha hahahahahah

     

    AHAHAHA ahahahah hahaha hahaha hahah HAHAH HA HA

     

     

    The ole CQN cliff hanger episode!

     

    What’s to happen next.

     

     

    D — D — D D — D D — D D D – D DDDDD

     

     

    AHAH HAH HAHAHAH HAHAH ha ha ha ha ha ha ha

     

    HA HA HA HA HA HA HA HA HA HA HA HAHA HAHA

     

     

    We have all manner of citrus fruit walking this weekend.

     

    It’s a festival of citrus. Come along. All welcome.

     

     

    HAHAHAHHAHAHAHAHAHHHAHAHAHAHAHAHAHAHAH

     

    AHAHAHAHAHA hahahahah hah aha hah ha

     

     

    But don’t read between them lines.

     

    It might get scary.

  7. Jungle Jim Hot Smoked on

    quonno

     

     

    “Why should you or any the rest of us give a monkey’s if THEY walk off a cliff?”

     

     

    For the same reasons as many celebrated Thatcher`s death long after she was relevant.

     

     

    JJ

  8. Hi Paul67,

     

     

    Thought it was interesting that MA, presented the resolution just after his amicable talks with that great negotiator Paul Murray – he must have took his copy of “How to make friends and influence people” to read on the journey down.

     

     

    Once the resolution is defeated I would imagine there would be a little teta-tete between Ashley’s man and Sevco. It may go something like this….

     

     

    MASHMan: We would really appreciate it, if you could find a way to furnishing us with the requested information and pay back the £5M.

     

     

    Sevco: Sorry, no can do, anything else?

     

     

    MASHMan: Mr. Ashley never asks a second favour once he’s refused the first, understood?

     

     

    Sevco: Your resolution failed, we’re Not going to give you the info or your money!

     

     

    MASHMan: Thank you for taking the trouble to present the resolution and I had a very pleasant afternoon. Have your car take me to the airport. Mr Ashley is a man who insists on hearing bad news at once.

     

     

    Hail Hail

  9. Stupid Stupid Lemmings ha ha ha ha ha ha ha ha ha ha ha ha!

     

     

    Love sitting on the sidelines with my box of popcorn and medium sized bag of revels watching yet another episode of the Southsiders! I tell you what that Corrie better watch their back cause they will be competing against that lot at the next soap awards.

     

     

    Stupid Stupid Lemmings ha ha ha ha ha ha ha ah loving your work Paul67.

  10. Jungle Jim Hot Smoked

     

     

    Belgium No2?

     

     

    The rankings are obviously worked out by very unusual methods.

     

     

    LB

  11. Jungle Jim Hot Smoked on

    Andy Murray is in the best clay court form of his career by a distance yet Jock O`Vitch is 1/6 for their forthcoming semi-final. Even so, the bold Novak is seldom ( if ever) mentioned as the best ever. He is amazing.

     

     

    JJ

  12. Tony.Hayes

     

    12:25 on

     

    4 June, 2015

     

    ” I wonder if they will be worth more than 0.1% of the company this time next month.’

     

     

    I don’t understand this part. I know its bad for them, i hope its very, Very bad for them, but what does it mean in plain terms?

     

    =============================================

     

    I’m guessing it goes back to a suggestion made I think by “The Battered Bunnet” when he posted that as MASH owned 75% of the share capital of “Rangers Retail ltd” they could initiate a rights issue at say £100 a share,and that Sevco could not afford to participate in that issue. Depending on the number of shares issued, in that case Sevco would be left with a 0.1% holding. It wouldn’t cost Ashley anything as he is then paying the money to himself. Just guessing that this is what he means.

  13. ungle Jim Hot Smoked

     

    12:33 on

     

    4 June, 2015

     

    quonno

     

     

    “Why should you or any the rest of us give a monkey’s if THEY walk off a cliff?”

     

     

    For the same reasons as many celebrated Thatcher`s death long after she was relevant.

     

     

    JJ

     

     

    I did not like an inch of her, but I did not celebrate her death. Why? Because it meant that hell was full and no more room for some of the bastards she left behind.

  14. whitedoghunch

     

    12:19

     

     

    Celtic having links with a Saudi club disgusts me.

     

     

     

    Santamonious crap!

     

     

    If you apply the same logic to Celtic you could say they’re, by extension, responsible for sectarianism in Scotland.

  15. I think it was Auldheid who proposed a scenario where MASH may well dilute the Rangers shareholding in RRL to close to zero, clearly that’s what Paul is intimating here.

     

     

    Seven year rolling contracts with no retail income would be hilarious!

  16. Jungle Jim Hot Smoked on

    LB

     

    I was so amused re the England omission I didn`t even notice Belgium!

     

    So, we might have just signed the second best centre-half in the world?

     

     

    Cheerio for now,

     

     

    JJ

  17. the long wait is over on

    Paul

     

     

    the simplicity of the situation is beautiful.

     

     

    Creditor – I want my money back.

     

     

    Debtor – Err, we’ve gotten our heads together , taken a vote and the result is we’ve decided not to pay you back.

     

     

    Creditor – Reeeeally..?

     

     

    Proof positive the gullible believe they operate in a different dimension from the rest of the real world.

     

     

    Warming up nicely.

  18. Read about the “jaffafest” up there,hope you gents will be ok. What are Glasgow cooncil thinking about.keep safe,tin helmets ready?

  19. coolmore mafia on

    Parkheadcumsalford

     

    12:06 on

     

    4 June, 2015

     

    Find it utterly amazing that folk are strenuously arguing that we should keep the politics out of this. If I have learned anything as a Celtic supporter, it is that we pride ourselves on our political stands. Be that as it may, imo, this is not about promoting football in Saudi. It is about getting access to more money. We are getting involved with a team who play in a country where I wouldn’t be allowed to practise my religion. I find that totally abhorrent.

     

     

    >>

     

     

    The question is; who decides the political stand? Who decides our political philosophy?

     

     

    You might be anti-Israel. Someone else may say the Israelies are in a desperate struggle for survival in an arab world that wants to destroy them. Should celtic have signed Kayal?

     

     

    You might be pro peace and reconcilliation in Ireland. Someone else in the support may be in favour of armed struggle. Should celtic take a position?

     

     

    You might think that we shouldn’t accept saudi loanees. Others may think we shouldn’t have signed Nir Biton as a former Israeli soldier

     

     

    You might like Effe ambrose. Some people may think we shouldn’t sign Nigerians because of Boco Haram.

     

     

    The celtic support aren’t homogenous; for us to have a ‘political’ viewpoint is unworkable. We are a broad church. I’d like CFC to be radical, to fight injustice around the world (or even in the east end of glasgow), but it’s not feasible.

     

     

    We express ourselves through charity.

  20. South Of Tunis on

    LivyBhoy

     

     

    Viviani .

     

     

    Italian fitba media continue to claim he will sign for Palermo ———- but –

     

     

    Today’s La Repubblica ( the Italian equivalent of The Guardian ) are claiming that Lazio are very interested.

  21. Delaneys Dunky

     

     

    Regarding your post and comments on Orange walks and the Poles.

     

    Yesterday I read that Polish ambassador in Northern Ireland asked NI officials for intervention. The number of attacks on the Poles rapidly growing up. 120 atacks registered last year, in comparison to 30 in the year before. As this happens everywhere ( in Poland too), not every single offence is claimed to the police

  22. thetimreaper on

    Hun in the work thinks big Mike is desperate for his £5 million back. shows how far disconnected they are. Long may it continue.

  23. Embdy else get feeling this blog was waiting for the Saudi link being made public knowledge ?

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