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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BT
I love you On this blog, sure brightens our day :-)
Dull and overcast looking oot the window of Ross Hall
Delaney’s Dunky
Very very Hooooopy Birthday from BT and I
Have a fantastic time with your family in celebration,
Slip oot for an hour and meet those Auld Bhoys in the BV as well :-)
Hail Hail
south of tunis
Had a very nice meal in Caluccios Muswell Hill a couple of years ago…not cheap by good. Always liked old Antonio comes across well on the telly anyway.
pishna rain awe day the morra……………………LL MEND THUM…………..
Weet Weet Weet
If you come on the site.let me know.
Sorry about last night,I had to switch off before I could reply.HH
DD
Many happy returns G have a a brilliant time with the family son! :-)
Cowiebhoy
I aim to please, just make sure you get off the meds before you end up like me. 8))
Jmccormick
Never dined in Carluccio’ s .Mrs S of T refuses to eat ” Italian ” in the UK – – she eats Chinese and Indian !.
Thanks again for your lovely posts over the last few days for Olivia.
Hugely appreciated by Olivia and her Mum and Dad too!
This really is a special place.
Thanks Paul67.
Cowiebhoy
Hope you are on your feet soon!
Take care.
Greenpinata
Sorry to hear of your wee dog passing.
A sore time for all the family.
Saw an ad on the internet last night, briefly as under-
Vacancy-
Head of FIFA
10 million pounds per annum, PLUS Salary negotiable.
Can’t comment on Carluccio’s but Spittalfield Market offers an interesting diversion these days – lots of stalls selling all kinds of food and other stuff.
Confusing the young –
Walked past the war memorial.- wee posse of youths smoking herb and listening to choons on a lap top. My ears picked up – Dogwood – Them Cant Blow Breath – great choon – I stopped to listen – cue the spliff being hidden.. – my Sorry – I really like that choon,got me the strangest look.
Off home – work to do .
Who’s runnin’ interference furra Oranj Ordure.. eh!?……………..
Ppoooooh eeee!
….they stink
to High Heaven
HH.
Delaneys Dunky.
G. I’ll drink to your health and birthday in the BV toasts all round, mind you as they all come in at different times we’ll be drinking much more than usual.
Oldtim
I’m on a half day so I’ll in early and away by 4. What time you planning to arrive?
HH jamesgang
SOUTHOFTUNIS
Shoulda said you were stopping for a listen,and btw,you guys didnae invent weed!
Whats the weather like in Glasgow, I looked out the front window and it’s bright over Edinburgh way,went and had a look out the back window and the west is quite dull looking.
As long as it’s not raining,I can handle the dull weather.
SOT
Your reference to the Rube fans leaving from Sciacca got the pedant Geographer in me scurrying away to Google maps, only to find that Sciacca is actually NORTH of Tunis.
I take it you are a residente not of Sciacca then.
OldTim, it’s pashing down in EK just now – Jobo’s too busy to tell you no doubt!
Speirs acknowledges the veracity of Internet bampottery on Twitter!
@GrahamSpiers: I’ve read a number of similar/conflicting analyses re Dave King’s wealth, but this is still interesting… https://t.co/zuGcI64he9
HH JamesGang
jamesgang.
I.m just heading for the shower.I could get in for around midday give me a time and I’ll try and make it.
Guys a link to a piece St. John Doyle’s Partner wrote about the OBA, a minute of your time, a good read.
http://www.twitlonger.com/show/n_1skc4h7
Linda will be doing a follow up this evening. You can follow her on Twitter:
@saoirsefanclub
Keep the Faith!
Hail Hail!
emeraldbee
I live north of Sciacca.
Moniker came from the name of a bar ( on the outskirts of Sampieri )
EmeraldBee.
Thanks for that Weather forecast,change of clothes needed me thinks. was going to put on a suade jacket but if it’s raining I’ll have to think again..
DD
Breithla shona baldy.
Oldtim
Dreich in Gla. Reckon I’ll be there about half 2.
HH jamesgang
Oldtim
I’m looking out a window in Ross Hall, rainy heavily just now
Enjoy your day out
Hail Hail
OLDTIM67
Hope this works,weather for Glasgow today.
http://www.bbc.co.uk/weather/2648579
gearoid1998
10:05 on 5 June, 2015
DD
Breithla shona baldy.
——
CQNers now frantically searching for translation of ‘baldy’ from Irish via Google translate!!!
HH jamesgang
COWIEBHOY
Fffs,man! The club medical school take place at Lennoxtown now,no point in being undercover at Ross Hall.
Though I admire your dedication!!
Hope everything went well,mate.
zico-maltese bhoy
Hi pal
I’ll be looking in for the next hour
Before heading into the town
HH
Glasgow weather for the Hun Fest…
Torrential rain & 47mph wind gust all day, the crimpoline will be soaking!
I will be at Doncaster racing on Saturday.
Has anybody any tips for this poor wee guy.
21-5-79
And with local bars employing doormen,expect things not to go well…
Well,haha,there I go again!
BMCuW
There was 2 players in yesterday, didn’t get their names though :-)
You having a Guinness to celebrate the Bhoys meeting in the BV
Hail Hail
JG
HHbig mhan
Baldy = bereft of hair.lol
COWIEBHOY
Late on parade today,just heading now.
I’ve forged a note from my Mum,I should be ok.