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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hebcelt
18:25 on 4 June, 2015
sheiki yerbouti did you have a hand in this? one or two!! H H Hebcelt
————-
Yes it was the yerbouti family
On a more horific subject
Carlton cole for Celtic
Free agent
Please no
I should probably stop living in London on ethical grounds since the place is awash with middle eastern investment.
Actually, that sounds like a good excuse…
Auldheid
I love Celtic unconditionally.
Does loving someone or something mean you cannot be critical?
Funny kind of love if that’s the case.
Take it your ok with this disgrace today?
Would surprise me if any of the former irn bru brigade at our club were into EPO but there needs to be root and branch mechanisms in place to ensure our club never go near this route.
The Mark Daly experiment detailed in his attached report is already in amateur sport. I have seen and witnessed this at a low level non important level. If these benefits come through on a amateur imagine what they would do for an elite footballer.
We are kidding ourselves that the elites are not doping.
http://www.bbc.co.uk/news/uk-scotland-32983932
There’s a Jabba fest in George square this weekend?
Sorry
Jaffa
margaret mcgill
Either worked
Alex Rae says the South African lads spoke really good English……
Weeminger,
.
In fairness, it isn’t always simple to avoid products from certain dumps. Were Celtic entering into agreements with the government, I would concur with the naysayers. We aren’t though.
Is the meat sold at the food stall at Celtic Park from high welfare farms?
Is it meat?
Chick says Sevco had too many games in too short a time.
Also says it didn’t matter that they finished third rather than second.
But if they had finished second they would have had two less games you clown!
Weeminger
I’m not questioning the right to question, I’m questioning if it’s love of Celtic or love of self (as in wanting Celtic to comply with how I think they should be as opposed to how Celtic think they should be.)
Margaret McGill
18:05 on
4 June, 2015
Whomever came up with the Saudi plan must have been stoned.
Davidopoulos
Should be stoned.
I’m just sitting here thinking that Lasse Vibe would be a great signing for us and then he goes and scores a cracker. See for yourselves on cricfreetv
quonno
Me? Stoned?
I only said that that piece of halibut was good enough for Jehovah…
Should we really be surprised at anything when we have on our Board a joker who happily signs his name to a letter approving Tory attacks on the poor. Attacks which today have just got worse..
Orangefest – “Last Night of the Proms style finale” – they do know ole Edward Elgar was a good Tim, right? Wasn’t Eddie’s fault his choons were appropriated and ruined. I sincerely hope the BBC show up with cameras – guaranteed carnage.
Hands up. How many on here would have nodded approval if THEY had done a deal with a Saudi club?
We are Seleq supporters faithful through and through.
Good evening all.
I just support Celtic. End of. I have bank accounts in various outlets, but never question when they announce their link ups with Arab Nations. I will bet that none other on here are that bothered. Everything in moderation. Another point, if we had dissed this situ, if another club, ghod forgive, had a successful agreement, it would be hailed as the bestest piece of financial business since Henry Ford said, ” you can have one in any colour as long as it’s black”.
Weefra HH praying to Wee Oscar.
Captain…,
A partnership with any organisation in Saudi requires an agreement with the government, that’s how it works, so in effect Celtic had to agree the terms and conditions with the Saudi govt before any club partnership could be discussed.
Celtic Mac
18:26 on 4 June, 2015
Bobby Murdoch’…
£5 million for missing a hand ball? Now there is an idea!
—————-
Was just thinking that!
Still something about that “explanation” that doesn’t add up.
If McLean didn’t see anything, why did he speak to Muir at all…..???
Let’s all practice ringing in anticipation of the announcement of the next Saudi human rights violation.
It is a regime that makes the Offensive Behaviour at Football act seem begnign.
However let’s not totally despair. According to BBC Scotland, the SFA is to have quiet word tomorrow night with its Qatari about labour conditions in its country’s World Cup preparations.
The Qataris are keeching themselves. with laughter.
Canam,
In which case, I had my head in the sand. Choppy waters ahead for the good ship Celtic. Time to draw a veil over this issue.
Anybody know when next season’s fixtures are going to be announced? Trying to plan our next trip up from Devon to Paradise and the more notice I have the better really.
Thanks in advance!!
HH
Facepainters at the orangutan fest on sat !
For goodness sake will these peepul ever learn the last time there was a unpaid bill for the official facepainters the zombies ended up Liquidised lol !
Second thoughts fill yer boots ya Hun monkey zombie luvin dontwalkawayers ;)
Canamalar
19:08 on
4 June, 2015
Captain…,
A partnership with any organisation in Saudi requires an agreement with the government, that’s how it works, so in effect Celtic had to agree the terms and conditions with the Saudi govt before any club partnership could be discussed.
I presume that a female government minister would be involved.
WeefratheTim
19:08 on 4 June, 2015
Good evening all.
I just support Celtic. End of. I have bank accounts in various outlets, but never question when they announce their link ups with Arab Nations. I will bet that none other on here are that bothered.
####
You regard your relationship with Celtic as being on a par with your relationship with your bank?
That’s just sad.
quonno
Bang on mate.
The same folk on here saying the Saudi link-up is no big deal would be up in arms if it had been Sevco
quonno
19:12 on
4 June, 2015
Should have read practice cringing.
Burghbhoy
Unconditional love starts with love of self imo.
If the love you have for Celtic is causing you the pain it appears to be causing and you have no control over Celtic’s behaviour then why stay in such a relationship?
Speaking from experience unconditional love meant letting go in such circumstances – painful to do short term but to everyone’s benefit long.
I don’t judge the decision to enter a football arrangement with an SA club as a disgrace. Whether I do or not will make no difference to SA politics and who is to say some Saudi lads might not benefit?
Serenity prayer stuff.
Right. Someone said Jehovah. Who was it?
There are penalties for that you know.
The Celtic Network@CelticNetwork15·17 mins17 minutes ago
Green Brigade Anti Discrimination Tournament 2015 http://thecelticnetwork.com/2015/06/04/green-brigade-anti-discrimination-tournament-2015/ …
Auldheid
You’re so chilled mhan.
Fair play.
I think I’ll stick with Celtic though, even though at times like this they pain me so.
HH
Ernie
That is total nonsense and you know it. I was making the point that people don’t give a shit about who makes the most interest on their accounts, but get uppity about human rights when it suits. Surely a man of your intelligence could have read that. Anyhoos, how you doin’? Huvnae blethered for a while. :-)
Weefra HH praying to Wee Oscar.
Racism is not socially acceptable,
hang your head in shame Glasgow City councillors,
Would this be the same council
who told Celtic that there will be no standing area at Celtic park,
who also told us that we cannot have a
fan zone around Celtic Park,
and told us RD couldn’t turn on the
Christmas lights outside Celtic Park because a big crowd might turn up,
Maybe we should put the word ” fest”
after all our applications,
Auldheid
19:17 on 4 June, 2015
Are you not curious as to what prompted this particular football arrangement?
Old Firm argument Burghbhoy.
Who cares what Rangers do?