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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Dearest God….let the new footie season start now…PLEASE!
Yip Nytol
What will tomorrow bring us Bhoys ?
Hail Hail
Getting fed up wae Saudi talk.
God bless the innocents who this evil state murders in war everywhere. UK USA love bullying and slaughtering innocent folk.
Delaneys Dunky
I know – we were in the pub tonight and were choosing a bottle of Sauvignon Blanc………. hmmm!
South African – Apartheid X!
Chilean – Pinochet X!
Argentina – Malvinas X!
New Zealand – Maoris X!
Australia – Aborigines X!
We settled for French (excluding Waterloo) because it was cheapest!
Praecepta
I would have asked for a cheeky wee Rioja. My fave. :)
Why are people so critical of Saudi’s killing people I know it’s bad but so what,we were hanging people for hundreds of years but finally came to our senses,they may do the same.
What about Celtic supporters sharing the same bed with one off the most abhorrent tribes in the world, for about 100 years, or there abouts.
OMG Blantyretim, I’ve been married twice twice as long as that and I’d forgotten who was the boss until you reminded me.
See age…. I need a refill.
Sannabhoy, need the details from you re my text last night.
HH bruv and keep doing your good work.
Old Tim
The wise one surfaces.
God bless and Hail Hail bro.
oldtim67
Would that tribe be the ‘wee arra people’ with blue wode?
:-)
ACGR
Two wise guys appear at the same time.
OldTim & The Carnoustie Golfer.
CQN Wise Guys CSC
Delaneys Dunky.
I’ll be in Glasgow tomorrow BV to be exact, If you fancy a drink your welcome to join the party.
Can I just say, I am a Celtic supporter but I have never been to bed with anyone wearing blue wode as far as I know. I would have noticed. I’m sure it would have left stains on the sheets….
praecepta.
You know who I’m talking about???.
Canamalar 2343
And we know this how?
HH
Friesdorfer,
Google it
oldtim67
Don’t I just!
Bedtime for me – got a meeting with the Kenyan Fenians (Sikhs) in the morning.
A Tim Apparition might appear in the BV tomorrow!
:-)
DD, just a flying visit bud. Off to read back in between booking a beach holiday in Saudi.
HH
Looking at the Thomas Cook site and the beach looks massive. Nae bother for finding a space for your towel there.
Strange how the tide is always out in every picture though?
Oldtim
Sorry. The whole Delaney tribe will be in the Esquire Anniesland. Wee party the rest of the night. See you soon pal. :)
whoever did this is a hero.
http://www.u.tv/News/2015/06/03/Rogue-actions-behind-Tricolour-over-Stormont-38373
HH,
Clogher
ACGR
A wee song for your dessert holiday:
https://youtu.be/arAgioB4l1A
…………….with Middle Eastern characters and birds with veils!
ACGR,
I used to go to a secluded beach each Friday with a couple of mates on the West Coast, best reef snorkeling ever, nae bevvy right enough
AR
Delaneys D
Make sure you Njoi the Day with the Kool Gang
Clogher
My money is on Almore.Dublin Fenian Warrior!
AR
Old Kilpatrick beach? :)))
delaneys,
Bowling, of course!
Have a great night at the Esquire tonight with the family.
Just finished another long nightshift here, on the plane next Friday night.
AR
Petec
Martin Luther King should be sanctified. Thank you.
antipodean red, that sounds great bud but if I book a cheap all in deal on the east coast it’s a long walk to the beach:_)
Mibby on the walk I’d see the big valve and ratch it open a few turns, if they’re no looking.
Heading back your way mid July for six weeks, fancy a swally?
HH
AR
Diving off the Bowling jetty. :)
acgr,
Should be around for a bit of July, I’ll be at work for three weeks about 11th or 12th but I’ll drop you a mail and find out your dates.
AR
dd,
Gettin stuck in the mud!
AR
AR
Hahaha
Never dive at low tide. :)
Delaneys Dunky,
I’m sure you will Party like its 1999.
Nena
I see Xavi gets a very warm mention on the Celtic website, for me, the best player of this Century, I know you rate Iniesta highly, I do as well and they both worked very well together. Messi is the cutting edge but Xavi was the controller.
I’d love to see him PLAY in the Hoops one day, even if only for a friendly.
Respect
Petec
Did I let sĺip to you that Nena was my guilty pleasure?
I obviously did. Thanks bro. ;)))
Delaneys Dunky,
If you did, I certainly can’t remember that, the thing is, if it is in there, my mind, well it is in there. ;)
I found Paul67 saying “Get used to the Act, police with guns on our streets as a matter of course, and ambitious aims for their authority.” very strong for one of his Leaders.
The Orangefest is just more evidence of what is happening.
F the SNP.
The Huns are hurting really badly and they are raging that Celtic put the Establishment Club (The Biggest Club in Scotland – Obviously Celtic are a lot Bigger everywhere else) right out of the game.
The really nasty side is coming.
Petec
Thank you.
Joe Strummer was a genius.