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
18.37
Best post I’ve read today, and as usual there’s been a few good ones.
“Edward Hyde, Grand Master of the County Grand Orange Lodge Of Glasgow, said that Catholics and representatives of other religions had been invited to the event to help “break down some divides”.” –
I’m guessing then that we’d be welcome turning wearing rosary beads? For some reason I don’t think it’s barriers that would be broken…
Friends in Celtic – fundraising request for Mary’s Meals
My brother in law, a Jag amongst Tim’s , together with his best mate are attempting to do the West Highland Way in 24 hours this weekend, all in aid of Mary”s Meals , a charity which I know is close to a lot of our hearts…..
I’ll let them explain what this madness entails …
“96 miles, 17 thousand feet of ascent, 24 hours. No wheels, taxis or horses, just running. The route is the famous West Highland Way in Scotland, a rugged cross country route through mountains and glens, starting in Milngavie and ending in Fort William. John and Mark will start on the stroke of midnight on June 6th 2015, and hope to finish before midnight the following night.”
http://www.virtualwalker.com/guide_westhighlandway/index.html
If anyone can spare a few pennies it would all be gratefully received.
Thanks
CB
https://www.givey.com/onedayinsummer
Captain Beefheart
Fair point bud.
HH
Burghbhoy
I only spoke up to try and pass on my experience.
Someone once said to me at a very painful episode in my life “whatever it is that you feel, it’s not love. Love is not like that”.
I then went on to find out what love is. Life changing stuff.
Off now to dine and then a bit of gardening. Later all. :-))
Weefra HH praying to Wee Oscar.
Auldheid
I value any advice you can give.
Your credentials are impeachable.
Thanks
HH
Impeachable= unimpeachable
Ernie Lynch
Nope. It is either well founded or a mistake.
If the former then results will be beneficial.
If the latter life will provide endless opportunities to learn from it.
I did post yesterday that certainly in the football sense Celtic seem to be a learning organisation.
On running the business in a way that attempts to recognise the wide but mainly ethically way its support see things, don’t get BRTH and I in the same room. Im talking “Talkathon”
From my occasional meetings with folk at Celtic I have never come away questioning their ethics, but I’m a very trusting fellow.
Hope the face painter is paid up front,
Queen of the South getting themselves ready for a push for promotion next season. They will be a big challenge to any younger and less well prepared clubs in that division.
From BBC Scotland
“Gavin Skelton has left his position as manager of Northern Premier League club Workington to become a player-coach at Queen of the South.
The 34-year-old will assist manager James Fowler as the Palmerston side try to gain promotion from the Scottish Championship next season.
Skelton and Fowler were team-mates at Kilmarnock for two years.
Fowler said: “He was a model professional as a player and has an impressive record as a coach.”
Skelton joined Workington as a player having begun his career at his home team, Carlisle United.
He played more than 230 games for Gretna from 2002 to 2008 before spells at Kilmarnock, Hamilton Academical and Barrow before returning to Workington as a player-coach in 2013.
Skelton took on the managerial position last year and led Workington to the play-offs last season.
“Having made the step up to manager so quickly during last season, I wanted to take my time choosing an assistant,” added Fowler.
“It has to be someone you trust and someone you know that you can rely on.
“Gavin and I were team-mates at Rugby Park and, for me, he fits that criteria.
“He’s still young with fresh ideas and I believe he’ll prove to be a valuable member of my coaching team.”
Tom Boyd and selective hearing Nevin on newstalk radio now
dena29
07:21 on 4 June, 2015
Almore
thought of you last night when Irish news announced along with the Tricolor a united Irishmen flag was hoisted above stormont
can you account for your whereabouts :-)))))
Dena, I would love it, just love it to have done that. But, alas, it wasn’t me! Great to see a Tricolour over Stormont though.
However, years ago, in the ’80s I was involved in an incident at RTÉ studios where a banner was unfurled from the mast which made that day’s news and features on the Reeling in the Years programme for that year.
Endsection31ofthebroadcastingactcsc
There are posters to this blog that could start an argument in an empty room.
” Rangers were just unlucky they got Motherwell in the play offs ”
Rat Nevin
timbhoy2 – I used to sit in FS4 in the main stand and I know what you mean, JS lower is night and day compared to what is on offer from there. Not sure with the restricted space there what they can do to change that but I agree with you it’s not the greatest. Hopefully it’s something the club looks at as there’s no comparison just now…
Local rare species are not threatened during the current Galapagos Island volcano because we said so… BBC
I met a former Indian colleague recently. She had left our operation in India because she was behind the male pecking order and try as I might I failed to do anything about it. But she left with my blessing. Which felt inadequate to me but important to her at the time.
She has flourished as a result. Her current job is managing a business process outsourcing operation. That she helped to set up. In Saudi Arabia. For women employees only.
Women and men are not allowed to work together of course, so the Saudi government is promoting this approach to getting women out to work. Interesting that they have chosen India to help. My colleague informed me that her priority is to coach a local Saudi woman up to management level so she (my ex-colleague) can come home and look after her family. Or go on to her next challenge.
That suggests to me that at least part of Saudi Arabia is trying to change things. In a way that is manageable for that culture and the time and place it’s at. Maybe that deserves support? Mythili certainly does.
But who am I to judge?
I come from a modern first world culture that apparently is having an Orangefest at the weekend which will add a few hammer blows to the wedge dividing the local tribes.
Anyone want to throw some stones at a greenhouse? Or a desert they’ve never visited?
rhetorical
That’s a great post..
Thanks sp. Also heartfelt. I trust the representatives of our club to at least try to influence things in the right way.
anne duff
19:58 on 4 June, 2015
There are posters to this blog that could start an argument in an empty room.
———————————-
I’ve moved into an empty room to see if you were talking about me ;)
Just catching up with all the news.
When we won the European Cup in May 1967 in Lisbon from whom did Billy receive the trophy.
What was that countries democratic profile?
garcia lorca
That thought crossed my mind this morning but the temperature was already high and I din’t want to pour petrol on the flames:))
Fair play, Almore,
What year Reeling in the Years?
Will call you tomorrow evening if that suits.
Gerryfaethebrig,
I thought of this for your family if you are coming over. Anyone else thinking of bringing youngsters over this might be a good trip.
https://www.youtube.com/watch?v=85Szu07Ql4A&feature=player_embedded
HH,
Clogher
These Saudis would take your hand off for a deal wi Cellic.
Big Peter’s camel coat
……….takes on a whole new significance!
:)
MustaphaGrouse CSC
I saw this on Twitter, and it ‘touched my heart’ ……. Just in case any of you Ghuys or Ghals can afford a few £ for a very worthwhile cause……
http://www.gofundme.com/q99f8k
skyisalandfill
20:27 on 4 June, 2015
These Saudis would take your hand off for a deal wi Cellic.
——————————-
They were desperate to jump into bed(ouin) with Celtic.
Mibbe big Peter go go over there to the desert to see if he can find a nomad for Sevco.
What’s the angle from Scottish media About the celtic and Saudi link?
If I had the wings of a sparrow
And if I had the arse of a crow
I’d fly over the gulf states tomorrow
And Shiite on the bastards below
Rhetorical,
I think there are many people that just want the PLC to live up to the club ethos, mission statement and codes of conduct expected from all supporters, a wee bit of an example would not go amiss, would it ? Or are they no Celtic supporters ?
My guess is, DD is embroiling the club with an ethos that does not reflect the founding ethos, winning and making money are all that will matter and there’s plenty of supporters that want that too, there is nothing some will condemn as long as the team is winning. That frightens me, becoming ra peeple is not an option for me. So am gonnae complain about it.
Have been unobtainable today but reading comments about club doing something today that has let down a lot of fans. Wud anyone be able to let me know what or point me in right direction. Cheers
Cloghercelt: Sometime between 83 & 86. Can’t remember exactly.
Talk to you tomorrow.
Canamalar
Me too. And what an example they’re setting, to reach out in this way. Where does inclusiveness end?
c’mon real rangers men , finish the job for me, sink ’em again
Rhetorical,
When it threatens your sense of justice
Can we have a list of countries, etc that celtic should not deal with please