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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Re Bigotfest.
I’m (Like Campbell Oglivie) hopelessly conflicted as to whether I want them soaked from the driving, torrential rain or blistered from an unbearably hot unrelenting sun.
I hope that the Anarchist Clown Army have been invited to the Orangefest.
A bit of random flan flinging would go down well.
I mean its supposed to be held in a community spirit I believe, to break down barriers(no laughing at the back).
I might leave a wee message online for them:)
HH
SOT, that’s a cracker, taking your blog name from a bar. Quality.
RE: Orangefest
I personally can’t see them cancelling it now, even with large petition numbers, hopefully, it might just give them enough rope…
Next week should be interesting though, wee prediction…
NEWSFLASH
MASH clash with brash GASH over loan cash, after rash George Square rehashed sash bash where white-trash (on the lash) smash, slash, thrash and trash like a slow motion car crash.
@ night you hear, Bazookas roar.
The influential Albert Pike is being remembered this weekend that is for sure. Morals and Dogma. Lucifer Worship for those that go all the way.
A very Sad day for Glasgow, that this nonsense is even being allowed.
petec
Luciferians for sure, but also extremely ugly as well:)
gearoid1998
10:19 on
5 June, 2015
Re Bigotfest.
I’m (Like Campbell Oglivie) hopelessly conflicted as to whether I want them soaked from the driving, torrential rain or blistered from an unbearably hot unrelenting sun.
Whit’s wrong wi’ a few bolts of lightning on their nappers?
Visions of charred, smoking bowlers and singed sashes littering George square…….nice!
Im seriously thinking of sabotaging their wee gang meeting, with some positive obstructionist strategies, purely designed to wind them up a bit.
I do have some experience in this sphere:)
So…..im sure I will come up with something, that is both funny and uplifting.
A large measure of sheer contempt is required.
Fun and Games….Hee, Hee
HH
The latest on Twitter is that NI Loyalist FB sites have got the wedding photos (chapel wi PP & Celtic scarf) of the lassie who petitioned and posted them with comments such as “burn her”.
The lassie has tweeted that she has been contacted by the police who are very concerned at the level of threats of violence. She must be gutsy and says she wants to know of any posting about her no matter how bad.
27,582 supporters have signed.
I’m sure the press will be all over this as if it were a GB foodbank event. NOT.
https://www.change.org/p/labour-led-glasgow-city-council-hold-gcc-to-account-on-orangefest-the-people-of-glasgow-say-no-more?recruiter=59016503&utm_source=share_petition&utm_medium=twitter&utm_campaign=share_twitter_responsive
Morning bhoys
Delaney’s Dunky
Many happy returns mate. I’ll have a wee drink for you tomorrow.
My wee ghirls 1st communion tomorrow so hopefully a decent day weather wise.
HH
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS.
Thanks for that forecast, The forecast that was for East Kilbride has arrived where I live, must be pretty widespread.
From the bbc
Orange parade in Glasgow
A parade will also take place to mark the event in George Square
More than 27,000 people have signed an online petition opposing an Orange Order event in Glasgow’s George Square.
The Cultural and Heritage Day, which is being referred to on social media as Orangefest, will take place on Saturday from 09:30 until 16:30.
The Orange Order said the event was aimed at promoting better understanding of its activities and community work.
The online petition said people were “sick” of putting up with “sectarian, hate-filled orange marches”.
The petition states: “We demand that Glasgow City Council answer to the people of Glasgow as to why this was allowed to go ahead in a city centre location on a busy Saturday. Gordon Matheson (council leader) must be held accountable.”
The Orange Order described opposition to the event as “uninformed nonsense”.
In a statement, the Order said: “The usual suspects have made a last-minute attempt at discrediting the event, deriding it as ‘provocative’ and ‘divisive’, and calling upon the city council to ban it.
“We have to live with the knee-jerk hostility of those who are diametrically opposed to the Order’s religious and patriotic principles.
“For everyone else, this event is an open invitation to gain a better understanding of one of Glasgow’s oldest and biggest fraternal and charitable organisations, warts and all.”
The Order said that “recent government-funded studies on sectarianism advocated greater public engagement in order to tackle myths and misconceptions” and Saturday’s event was “an honest contribution towards that end”.
It added: “A great deal of uninformed nonsense has been spoken about the cost of this event to the public purse. We are not aware of any cost to the city. The tab is being picked up in its entirety by the membership of Glasgow’s 182 Orange Lodges.”
It is understood that the Orange Order wanted to hold a community event in George Square last year but the plan could not agreed as the city was hosting the Commonwealth Games.
Plans submitted for this year’s event complied with Scottish government legislation surrounding parades and marches and council regulations on the use of George Square.
‘Contrary views’
The council can charge for commercial use of the square, in front of the city chambers, but no charge applies for community events, which the Orange Order day-long celebration has been classed as.
The Order is paying its own costs with regard to setting up the square, security, power supply and clean-up costs.
A council spokesman said: “People use George Square and other public spaces around Glasgow for a wide range of events and activities.
“Providing events are properly planned and do not encourage unlawful behaviour the council is not permitted to simply ban them on the grounds that someone dislikes, opposes or holds contrary views to the organiser.”
Police Scotland said the event on Saturday would be “policed appropriately”.
A spokeswoman said: “Officers have been liaising with the organisers to ensure any disruption to the people in the city is kept to a minimum.”
Police will assist with traffic restrictions when bands take part in a parade.
Members of the County Grand Orange Lodge of Glasgow will assemble at Holland Street at 15:15 before setting off at 15:30.
The parade will follow Holland Street, West Regent Street, Pitt Street, West George Street, Nelson Mandela Place, West George Street, George Square North and arrive in George Square.
The spokeswoman added: “Officers will assist with traffic restrictions during the parade.
“People driving in and around the town centre are advised to follow the advice and directions given, and to leave extra time for their journey or to consider alternative routes for the duration of the event.”
The Green Man,
I hope the Rain is torrential and that it doesn’t stop in Glasgow. I hope there is plenty of Sun shining in the areas near Leith.
Glendaly@10.25
I’m not averse to throwing a few lightning bolts in. In actual fact the more the merrier.
HH
SOT
The wonders of the Timternet! Mrs Emeraldbee wandered past as I was glancing at the map of Sicily and enquired as to my purpose. I related your post about the Rube fans.
“Oh that’s that guy from Sicily you’ve told me about. (See, you’re famous) Ask him what the weather’s like there just now (as she looked out at a very green East Kilbride garden thanks to the copious amounts of rain).”
I related your ‘scorchio’ comment – sh*t she said.
Petec
Sunshine on Leith.
There’s a song there somewhere.
HH Fhriend.
Click the link first ya eejit csc
“Warts and all”
Quite. Still haven’t seen an aesthetically pleasing member of the OO. Too many beer bellies, poor dress sense, muscles and scowling faces. As for the men…
What are the chances of Glasgow City Council allowing a celebratory parade in George Square next Easter? It would save Clogher Celt a lot of hassle and Scottish-based Irish a lot of money.
Nah, me neither.
petec
As a Glaswegian…Im slightly er annoyed, that this kind of moronic, buckfast soaked nonsense is permitted.
It should be banned.
The cells will be full on Saturday night, and the council will have allowed sectarian bigotry to flourish….right in the centre of town.
I would not be surprised, if there was a backlash against this bigotry.
HH
Didn’t realise there are 182 ludges in Glasgow …….. Scotland’s Shame
OO activity:
How to scowl. A bulldog and a wasp will be utilised.
Actually, the marching and uniforms are a wee bit bonoerotic.
Oops!
OLDTIM67
Always happy to help,bud. It should be rain-free,though not dry,in The BV. Just time yer smoke-breaks between showers.
Large and ugly shower expected in Glasgow tomorrow,of course.
My Dad would have joined you today,btw. Sadly he has a funeral to attend.
Have a blast,bud.
SOT (earlier),
Didn’t know about that DVD. Thanks. As for the comments, they were in a thread about Blair’s new role.
Should Orangefest turn ugly-aye,I know!-the OO may have cause to regret putting their community spirit on public show.
Here’s hoping.
I don’t necessarily have a problem with a group celebrating its religious and patriotic views. Provided any breaches of the myriad laws on bigotry are dealt with swiftly.
Many returns to Delaney the Donkey on his twelfth birthday – one of the SNP’s indoctrinated schoolchildren.
http://www.independent.co.uk/sport/football/international/republic-of-ireland-vs-england-police-fear-return-of-hooligans-ahead-of-dublin-clash-10298620.html
Perhaps GCC are just being really clever and allowing the OO to be hoist by their own petard..
gearoid1998
10:46 on 5 June, 2015
Petec
Sunshine on Leith.
There’s a song there somewhere.
HH Fhriend.
~~~~~~~~~~~~~~~~~~~~~~~~~
I couldnae believe it, there is even a Movie in there as well…..
HH Fine Celtic Man ye are.
GroOoveee
Granton Star Cause is one of the funniest things ever.
Guidetti: time for a reality ‘cheque’… http://www.cqnmagazine.com/?p=5689
MR PASTRY
Your addendum was unnecessary and cheap.
Labour needs to encourage people like him to return. Your way of going about it is doomed to failure.
They can have as much fun as they like in their 1 day Orangefest, I am off to scorchio land ,(Vegas) in the morning for a full week of Celtic convention celebration.
Once a Celt, always a Celt………
Mr Pastry
Away ye go…ya hun monkey
Anyone think Strathclydes finest will be as thorough in their searches for alcohol on visitors to george sq tomorrow as they are with buses going to love st or fir park containing football fans?
You wonder what these orangemen think as they march. It must be a mixture of belonging and enjoying noising up minorities by their presence.
Bit like https://www.youtube.com/watch?v=7ceLnMT0rps
S o T
The only times I eat ‘Italian’ when I am in Scotland is something prepared by myself at home – or my daughter on occasion.
She thinks she is a better cook than me, but she still has a bit to go to attain the amazing(?!) culinary skills I have!
Had a homemade curry last night.
Delicious so it was!
HH!!