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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RWE, Are you a Sorcerer ?
:-)
Hail Hail.
The Blogger Formerly Known As GM
14:33 on
4 June, 2015
I’ve thought about King and co taking the clumpany in to administration/liquidation again and blaming it on bid, bad Mike, but Ashley would hold all the IP and who knows what other assets, so that’s unlikely to happen.
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Don’t know why you think it might not happen because it’s not in his interest.
They have had £8m of loans this year just to fund working capital. They are running at a loss and if the ST sales don’t go well (which it won’t) then it comes down to what further loans Sevco can get to see the season out. If King doesn’t dig deep then it really doesn’t matter whether it is in his interest or not , if they can’t pay the bills then they’re deid .
Paul67
Big Mick will dilute the True Rangers shares in the Retail Business by offering a new bunch of shares , he will buy up …..
The wider message to the business community that King is sending is deplorable ; if he keeps it up bringing the game into disrepute charge will be waiting for him before the year is out.
The wider message to the SFA / SPFL is keep the Rangersmen off the committees , we can’t be trusted
King is like a James Bond baddie , he will take them down again
Saudi facts #1……………..One notable place of business where women are absent from is the lingerie store, which are still fully staffed by men.
I think Saudi Arabia would rank amongst the worst regimes on the planet at this time. They are our(UK) allies though so that doesnt say much about us.
They behead scores of people each year and carry out other barbaric punishments.
They support ISIS with arms and they work with the Israelis to undermine surrounding countries. They are at this moment carrying out a genocidal bombardment in Yemen where theres reports that tactical nuclear weapons have been used. Again supported by the UK and the US. I dont like the idea of Celtic getting involved in anything to do with this country.
#2 Over in Saudi Arabia, women cannot travel alone without a specific form or an electronic authorization. This ban is only lifted when a woman turns 45.
Women under 45 must either travel with a husband or father or else hold a permission form signed by a male guardian.
FAC Public Meeting announced
A public meeting on ‘The Act, Policing and Civil Liberties in Scotland’ will be held in St Anne’s School in Crownpoint Road, Glasgow on Wednesday 10th June at 7pm. The aim of the meeting is to bring together all those who have concerns about how the law and the police force are impacting on their normal activities eg their right to protest, hold political views and attend football matches in Scotland in 2015. Speakers will be announced soon but this is an opportunity for those affected to tell their story and to unite around what appears to be a gradual erosion of the civil rights of one group at a time.
Perhaps word is finally getting out………
despite my posting petition on facebook I have had 3 very heated debates(lol) on arrests due to this legislation……….. beginning with “there’s no smoke without fie………if they weren’t doing anything they wouldn’t have been lifted and worst of all if it was that bad we would have heard about it!!!!!!!!!!
I despair what do you have to do to get through to people
HH
Anyone thats starts the Saudi puns really is putting their head in the sand!
#3 ………………………Woman can only drive in the desert or inside private compounds. :)
Dontbrattbakkinanger
For pitta’s sake!
“Saudi facts #1……………..One notable place of business where women are absent from is the lingerie store, which are still fully staffed by men”
Burgas,
And so it should be.
Nothing worse than being told your intended purchase is “a bit tacky luv” :)
Oldtim
you got mail
Geordie Munro
The men will also model your proposed purchase :)
Would have thought the Saudi teams would have links with Dundee utd
if the Saudis don’t like our traditions could the suez ?
Geordie
I always dry off anything before returning to the shop
Tbj,
:-o
Lol HH
#4………………………………No more selling of pet cats and dogs, and also no walking them in public parks in the capital, Riyadh.
The authorities believe taking your mutt for an afternoon stroll could threaten the society’s moral fabric.
LOL
Camera phones were declared forbidden in September 2000, because these modern-day gadgets could lead folks to stray from the ways of Islam, by promoting obscenity.
Stores are not allowed to sell them, forcing retailers to find other means to do so.
summa of sammi….
14:05 on 4 June, 2015
.
I Remember when we were against CR Smith Double Glazing…
Summa
I remember if they had been cried RC smith yon mob would have had none of it
HH
I’m sure my sympathies for the middle east come
from my auld maw always shouting to me.
See you ya wee saud.
Apart from that my mouth is always like an arabs
sandal when i see drink getting poured.
H.H Mick
Imagine a young Leigh Griffiths on a Saturday night in Saudi Arabia, that’s a funny thought.
Hail Hail.
Sicilian radio quoting Rubentus suit — Chiellini will not play v Barca – he has an injury.
Puns??? Why did no one alert me sooner?
I’m nomad about this link up. If we get a good player out of it, we could widen the Gulf between us and the rest of Scottish football.
Oil stop there though, Medina is oot…
With a two humped camel on my chest..
Louis Sahara?
Vespacide
15:12 on
4 June, 2015
Imagine a young Leigh Griffiths on a Saturday night in Saudi Arabia, that’s a funny thought.
Hail Hail.
:)
Or Stokesy looking for an Elvis impersonator.
Embody got the dates of the Saudi link up?
Or is the whole venture built on sand?
I dont know what to Mecca all this.
Amongst the young starlets hoping to swap the sun drenched fields of the Gulf for the sleet drenched fields of Lennoxtown are Frank Meccavennie and Ramadanny Mcgrain.
Davidopoulos
Did you say puns or huns?
and your no mad just a bit loopy, as for widening the
gulf, just think the Grand Canyon.
H.H Mick
Dontbrattbakkinanger
15:19 on
4 June, 2015
Embody got the dates of the Saudi link up?
Or is the whole venture built on sand?
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We’re certainly on sheikhy ground.
Quantum, the gist of my point is that King and the 3 bears must have known about how bad things are before putting a few million on the table to buy shares. Admin/liquidation would wipe out that capital.
They may have a plan to buy Mordor on the cheap a la Charlie and his boys, but Ashley would own the IP any they wouldn’t be able to put a hundred branded team on the park without his say so.
Are they really that stupid? When all is said and done, they are still wealthy people and in my experience you don’t become wealthy by being stupid nor are you inclined to waste millions of pounds of capital on something where the chances of success were negligible from the outset.
Melbourne Mick
:¬D
Davidopoulos
14:10 on
4 June, 2015
I wonder what pension broker Celtic uses, and what companies the funds are invested in?
Weeeeellll, I’m just gonna leave this hand-grenade here and slowly back away…
In all seriousness, please do not debate this point. Please.
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is it not Sorcerers & Widows Heated Driveways Society for the Workhouse Poor
whitedoghunch.
Mail Back, and thanks, just heading to do a bit of shopping now.
Dromedary Caldwell could feature in a flat Bactrian four
Club link
http://hajerclub.net/web/home/index.php/n/n1/44-2015-06-02-17-09-36.html
Google Translation
In the context of developmental steps applied by the abandonment of the club management on all levels and in a pioneering move is the first on the club level Arabia, Hajer Club management has concluded represented in the club chairman Professor Sami Al-Melhem huge partnership contract with the club Celtic in the presence of General Supervisor of the Convention by the club abandoned Professor future harps and the presence of general supervisor of the Academy Sunni groups club Celtic and Commercial Director club Celtic and a number of principals executive management at the club, where the partnership states that the club abandoned official partner of Celtic and is entitled to use the Scottish club logo as provided Terms of the partnership agreement.
It follows from this partnership a radical change in the technical side and the administrative sector Sunni groups Club abandonment where will Celtic export its own academic system to the Gaza Sunni groups Club abandonment and by focusing on five key areas include: (administrative restructuring of the sector Sunni groups, training philosophy, selection of players, performance analysis, the scientific aspect of football).
Partnership also provides deserted with Scottish club on the club deserted send the most prominent talents sector Sunni groups of football to play and train at the Academy Celtic Club headquarters in Glasgow, as well as cooperation between the two clubs in any opportunities or joint business ventures.
It is worth mentioning that the club Celtic was established in 1887, is the first British team to win the Champions League and that was in 1967, also it received “Celtic” on the Scottish Premier League 45 times and won 36 times on the Scottish Cup, as is Celtic with Rangers polar football Scottish football for more than 100 years.
It is worth mentioning that the Sunni groups Football Club abandonment of all involved in the Premier League along with the first team as many of the accomplishments achieved notably starring Kingdom of first division clubs at the level of junior and youth as well as to achieve the Saudi Federation Youth Cup for the excellent clubs and excellent youth league and Safh a confirms the solid foundation that enjoyed by the abandonment of the club and the club management is seeking to day development and refinement through the partnership of the Celtic heritage in this area so as to establish a professionally players contribute in providing talent to the club, in particular the abandonment of the ball and Saudi Arabia in general.
Saint Stivs
is it not Sorcerers & Widows Heated Driveways Society for the Workhouse Poor
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Laughing out loud in a quiet office at that, mate. Well done.