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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18 years ago today we lost a guy who gave us some of the happiest mellow songs
April Fool
Celtic haven’t done a deal with the Saudi government.
They’ve done a deal with a Saudi club.
Big difference. And it doesn’t mean Celtic condone Saudi law/politics.
The Rekord set tae blow the lid aff this wan, the morra………..
……..Lawwell , Bankier, Wilson and Desmond all confirmed members of that most secretive of exclusive societies………..
The Arabian Knights Of St Columba!
:0
Ron Bacardi
Sevcovia
Henke,
Everyone that does a deal in Saudi does a deal with the Saudi govt.
Jalebi an’ ice cream embdy?
It wouldn’t go very far then. I certainly don’t need to go to Saudi Arabia to have my sense of justice threatened. The OBA does that handsomely. At a more trivial but maybe more telling level, the way some of my fellow supporters have prejudged Gordon Strachan and Ronny Deila for example has been disappointing.
Sorry, offence to my sense of justice (which of course SA delivers in camel loads) doesn’t preclude trying to change things for the better.
Sorry Canamalar, last post addressed to you of course.
bacardi
20:49 on 4 June,
Scotland …..err….. That’s it!
Rhetorical,
How does it help signing a silence agreement, how does that improve anything ?
British press witch hunt this FIFA nonsense. Please go away get off the telly and out the press
Boring Boring Boring.
When will it go away and leave us alone?
If the Irish FA believed they had a “legitimate case” for legal redress after the Henry ‘hand ball’, it may be that we have similar with the ICT fiasco.
FIFA paid the Irish €5 million – will SFA now compensate Celtic?
Both cases are alike – cup competitions, with dire refereeing depriving a team a chance of getting to finals.
And what kind of money would be involved in compensating Celtic for gross cheating in allowing the Ibrox lot to compete in Europe, at our expense?
Just watching the BBC News …….FIFA are certainly up to their knees in corruption, but at least it was motivated by religious and racial bigotry….!!
What terrible greed there is in the World these days…..
Hauw Pastry………
….choux!
mr pastry
21:06 on 4 June, 2015
Nail …..Hit……Head…..HH
mr pastry
21:06 on 4 June, 2015
That responsibility lies with Celtic PLC
And as far as I can ascertain are not to worried about SFA collusion and corruption going back from when’re till now as long as they have a sustainable turnover to milk for themselves
Anne Duff
Hi never met or talked to you on CQN before.Do you live abroad or in Scotland?HH
Mmgill, gosh
rhetorical
It is the tolerance paradox in action. We tolerate all but we’re conflicted when we have to tolerate intolerant people.
Cognitive consistency is alive and well on this blog every day, as we all push to maintain our beliefs and values – in the face of conflicting forces in a mixed message.
Celtic’s mission statement sometimes appears to be inherently contradictory – may be even deliberately to appeal to that tolerance.
From the Club’s Official site.
“Celtic Football Club is a Scottish football club with proud Irish links. The primary business of Celtic is as a football club. It is run on a professional business basis with no political agenda. However, the Club has a wider role and the responsibility of being a major Scottish social institution promoting health, well-being and social integration.”
“Celtic is a club for everyone who believes in football as a medium for healthy pleasure, entertainment and social integration. The Club always has been and always will simply aim to be the team of the people.”
We are business where football is our primary business. Klang..
We have no political agenda, but we have a responsibility towards promoting social integration. Klang…
We promote health & wellbeing yet have alcohol & betting as club sponsors. Klang..
The Balance Theory CSC
zico-maltese bhoy
21:20 on 4 June, 2015
Anne Duff
Hi never met or talked to you on CQN before.Do you live abroad or in Scotland?HH
Don’t tell him Anne ;)))
HH
ANNE DUFF
NAW THERE URNIE. WAANT A BET ON THAT. :-)))) only kidding. Welcome kiddo. :-))
Just read two articles on newsnow celtic about left backs we are allegedly interested.
In the football oranje site, Ajax are not prepared to pay as much as we are for Mitchell Dijks from Willem II despite Dijks agreeing terms with Ajax.
There is also an article from the football league world site stating we , along with Hearts and Sheffield Wednesday, are interested in Nigerian full back, Juwon Oshinawa. He plays for our Israeli ‘feeder club’ , FC Ashdod. Nir and Efe’s former club.
We had expressed an interest in him last January according to the site.
He played at left back in all Nigeria’s games at last year’s world cup.
No idea how accurate the information on each site is but probably better than that rubbish HITC site.
Good late evening friends. And what a fine sunny evening it has been. Didn’t stop me carding a 3-digit score at the golf mind you. But still it was a good long walk.
Canamalar
I don’t know how it helps or hinders. Call me naive (you wouldn’t be the first!) but I believe dialogue in whatever form, even in private, is more likely to be productive than non engagement.
The entropy of business. My physicist wife gets really annoyed when I use entropy metaphors, but I really do believe that working together is a great way to learn, influence and level. I just wish we could do more of it in good old West of Scotland before we start proselytising the world.
Oshinawa, another of John Park and Duda Dasan Israeli contacts ?
Played 60 games in past 3 years in Israel 2nd division, inspiring :-)
I have been by our Bhoy in the Knhow a deal is done for Barry Douglas as our left back back up role
Hail Hail
Weet Weet Weet
Cheers for that.How are you keeping anyway.Do you remember Ally McLean ex Easterhouse?.Hope you are well.HH
Jobo, what hole?. OK that’s 2 posts deffo gone now.
just in so haven’t read back yet …. but, as for lemmings …. it was that Disney character andh/or his nature photographer who was a real bad yin ….
the WD film White Wilderness apparently showed a herd of Alberta lemmings jumping into the sea to their death… but it was all faked …. firstly Alberta is landlocked, and apparently the little lemmings didn’t want to jump over whatever cliff was found ….. so those Disney b’s chucked the little guys off the cliff!
off to read back now.
Rhetorical,
Celtic and staff/supporters are now a lower class/cast than the Arabs any Arab, that’s what’s been agreed when dealing with the Saudi govt.
I suppose we should be used to that and no be looking for anything different.
cowiebhoy
I hope you are well buddy. KTF kiddo. :-))))
Sad anyone losing their job, not sure about this though :-)
daily record
A spokeswoman said the situation is a result of the increasing move from print to digital news
The Daily Record and Sunday Mail newspapers have confirmed that 20 jobs could be lost amid plans to “restructure the business”.
Publisher Media Scotland has entered a period of consultation as it looks to make savings in the face of a continuing decline in sales.
Editorial roles in management and production are likely to be affected.
Last month the Record’s circulation officially fell below 200,000 for the first time in recent decades.
The Sunday Mail’s sales are also down.
A spokeswoman for the group’s parent company Trinity Mirror said: “While Media Scotland is seeing record growth in digital audience and revenue, we need to carefully manage our cost base in what is a challenging market.
“We are therefore proposing some changes which may mean the reduction of some editorial roles, mainly in management and production, a number of which could be voluntary.
Mon the Magnificent 7 Pillars of Wisdom!
Thanks Weefra
Big Leftie warned me not to post today, but now in recovery mode, so it’s back to all things Celtic
Been given a 4 week line, so will pester you all on CQN all for next month at least :-)
Hail Hail
Cowiebhoy, I hope your operation went well.
I wasn’t too impressed with Oshinawa only playing sixty games in three seasons.
I would much prefer Barry Douglas or Dijks if we can get either.
Hopefully, a deal has been done for Barry Douglas. As much as I love Izzy’s committment to us, we do need someone who can challenge him at left back.
Ooft
Too many Celtic experts on here tonight. I wil gracefully bow out. My support for Celtic will never wane. And I don’t care who says otherwise, they can never change my loyalty to my Club. Night Night Timland.
Weefra HH praying to Wee Oscar.
Canamalar
You’re telling me something there that I don’t know so I’ll need to take your word for it unless you can point me to your source.
I guess the it becomes a point of principle for the Celtic employees who have to interact on those terms. Maybe they’ll be ok as long as the Saudis are on the minimum wage.
I guess the = I guess then
cowiebhoy
Great news the op went well. I know exactly how that feels. Take it easy buddy, will talk tomorrow. :-))))
Weefra HH praying to Wee Oscar.