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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Anyone out there got an Ice Cream van?
Delaneys Dunky
HOOOOOOOOOOOOOOOPY Birthday Sir .
Great Post yesterday by Barcabhoy on DCK’s off the radar – if any Sevco supporters were reading that, they must conclude that DCK has been extremely generous in lending RIFC £1.5M.
South Of Tunis @ 09:11,
Jmccormick
Never dined in Carluccio’ s .Mrs S of T refuses to eat ” Italian ” in the UK – – she eats Chinese and Indian !.
A while back I lived in Muswell Hill, their was a great authentic pizzeria on the High street, run by and staffed by Italians. My kids who were obviously quite a bit younger then loved the way they birled round the dough and the great pizzas – was always busy. Hope it’s still there.
Hail Hail
Them Saudis are doing bad things again. Perhaps Mr Lawwell can help.
http://www.theguardian.com/world/2015/jun/05/saudi-led-naval-blockade-worsens-yemen-humanitarian-disaster
mr puff pastry
If we apply my CQN rule of ‘would you say that to someone in a pub’? then you’re someone who’d get their stones rattled in the real world.
HH jamesgang
jamesgang.
I’ll revert back to a 2.00pm kick off.see you around half two.
Want to enjoy something orange this weekend?
http://www.foodiequine.co.uk/2015/06/love-pork-slow-cooker-irn-bru-pulled.html
Mea Culpa
I know a Livi based Tim ice cream man with van.
LB
Davidopoulos,
Mental – I wonder if WDH will give it a thumbsup. ;))
JAMESGANG
Wow,that’s about the most aggressive thing I’ve heard from you,ya gentle giant!
Totally agree though. He’s an absolute choob who harms only the reputation of himself and his party by his comments.
Pisses me off that it’s my party he’s harming,mind. I’ll join the boot-in-the-baws queue,for that reason alone.
petec
11:21 on
5 June, 2015
Davidopoulos,
Mental – I wonder if WDH will give it a thumbsup. ;))
—————————————————————
I’m going to buy a slow cooker just to try it!
Nasty Mr Pastry.
Shame on you.
weeminger
11:03 on
5 June, 2015
Perhaps GCC are just being really clever
And the CQN ‘funny of the year’ goes to……………weeminger!!
Davidopoulos,
I get so emotional baby
That is real Love, Love that can’t be hidden.
Let us know how good it is Big Chap.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS.
Always happy to help,bud. It should be rain-free,though not dry,in The BV. Just time yer smoke-breaks between showers.
Laughed at that part of your post, misread it at first. The pub that rained inside the pub was the Springfield Vaults,that sure was a wet pub when it rained.
The best from of protest against the orange bigots would be to keep your hands in your pockets tomorrow. When Glasgow’s shops see a 80% reduction in their Saturday takings, you can be sure the chamber of commerce will be moving heaven and earth to ensure it’s not repeated.
Bobbio
Mr Pastry will get a verbal choux-ing on here if he continues with doughball utterances.
Laters!
HH jamesgang
TALLYBHOY
Obviously-as predicted-at least one part of your body provided you with a reminder to the previous day’s meal.
Or was it the mountain of dishes,etc,in a stagnant pool of red-rimmed water?
There’s no knead to rise to any pastry comments. It’s only sourdough and a little flaky.
Ol’tim67:
I hope you are dressed in your obligatory white socks and carrying your union umbrella….
an dun
Bang on.
Fletcher rumours, bad memories Flood back… http://www.cqnmagazine.com/?p=5691
JAMESGANG
Bam my is a type of flatbread,and a fair description of MR PASTRY too.
He annoys me,I can’t think of any post he has made which has been respectful of other posters. Not for me,that. Even though I could start a fight in an empty house.
Still,he can waffle on as much as he likes,burning his own buns. Only destroying his own reputation.
He gave his best years to Celtic
Then Won the Champions League, when he entered the fray, and also won that “Best League in the World”….. Then went home to the Club closest to his Heart, or is it?
Maybe Mr Pastry will turnover a new leaf.
BMCUW
Dishes in the dishwasher. Great invention so it is.
Only had to go to the bathroom twice this morning for a d***!
HH!!
MR PASTY
You are an erse.
bmcuwp
That must be some party that bognorbhoy has been having, or 1 hell of a hangover!
Has he been seen or heard of since?
LiviBhoy: does he fancy a trip to Glasgow for this weekends festival?
I’m sure they’d all appreciate hearing a few bars of Greensleeves.
kitalba.
I’ve been wanting to dress in summer gear but this blinking country prevent people from dressing smartly,I’m going to the BV minus the Union Umbrella,I think I may have a union umbrella, GMB union by the way. My dress for the Day, Brown shoes,but not brogues,grey socks And trousers,yellow top,brown suede Jacket,first time I’ve wore it though, may not suit the company I’m meeting today.But I’ll soon find out.
Are you settling back in OZ, or are you back in UK for a bit.
OLDTIM67
Brolly time in The Springfield!
I occasionally drank in a pub in Richmond about 20-odd years ago. It flooded depending on the tide,via the cellars.
Reminded me of some real s…holes of my youth which flooded via the toilets!
Italian media claiming that tomorrow night’s CL final. is likely to played in torrential rain.Possibly – thunder / lightning too.
Seen on twitter
Elche relegated from La Liga & replaced by Eibar due to unpaid Spanish taxes #withoutfearorfavour #financialfairplay
OLDTIM67
Had to settle for GMB myself a few years back.
Every union I joined quickly amalgamated with one which had the rump of EEPTU,Hammond’s lot.
Think I’m sorted now. Mind,yet to get a brolly off them. Have a grand dayooooot,mate.
Raise a glass to absent friends,please. There’s a few…
Phenomenal!
SSN website
Elche have been relegated from La Liga over unpaid debts to the tax authorities and Eibar will take their place in Spain’s top flight next season.
Elche, who finished the season in 13th place in the standings, were punished for “very serious infractions” of Spain’s sports law and league rules and also fined £130,000.
Based near Alicante in south east Spain, Elche have already said they would appeal if they were relegated over their tax debts, which they insist are due to be settled in full by the end of July.
Basque club Eibar were playing in La Liga for the first time in 2014-15 and went down on the final day of the season after finishing 18th.
LEFTCLICKTIC
Story you won’t see in Scotland,sadly.
Spartans raised to SPFL to replace FUBAR.
Thunderstorms forecast for Berlin tomorrow with a maximum temp of 31 degrees.
Lovely.
HH!!