HOODLUM65 Posted March 3, 2014 Report Share Posted March 3, 2014 Looks like Kings claims have hit a few raw nerves . Quote Link to comment Share on other sites More sharing options...
Indicator Posted March 3, 2014 Report Share Posted March 3, 2014 Does King meet the 'fit and proper' guidelines that are supposedly demanded by the SFA? ----------------------- gd you should know by now that the SFA and SPFL rules are written in stone when applied to your common all garden clubs, however, should any team playing out of Ibrox fall foul of these rules the the following caveat should be applied: "... or as otherwise determined by the board" Cagey 1 Quote Link to comment Share on other sites More sharing options...
ancientsaint Posted March 3, 2014 Report Share Posted March 3, 2014 Hearts will win next years Scottish Championship Quote Link to comment Share on other sites More sharing options...
sixties saintee Posted March 4, 2014 Report Share Posted March 4, 2014 2 Fans offer to give the the 1 Million loans interest free, Board take the money off Easedale but have to pay a hedge fund £ 150 K, in interest, Interesting Quote Link to comment Share on other sites More sharing options...
Oldermoresensiblepack Posted March 4, 2014 Report Share Posted March 4, 2014 Hearts will win next years Scottish Championship Take a bet on that? Hertz are every bit as guilty as the the rangers on the financial fiddling front. They have no shame whatsoever about their theiving either to the extent that they bang on about the MacCrae thing and yet when they collected money for the Poppy Fund these very same people emptied the buckets into their own pockets to pay players they couldn't afford. And now they bang on about their "team of talented youngsters" who are no younger than most other teams in the league. Hope they keep falling down the leagues until they no longer exist and their deathtrap of a stadium is bulldozed into the ground. Quote Link to comment Share on other sites More sharing options...
The Neutral Posted March 4, 2014 Report Share Posted March 4, 2014 Does King meet the 'fit and proper' guidelines that are supposedly demanded by the SFA? I don't think he would have to really...I would guess he could put up to the money to own Sevco but not actually hold any position within the club. I might be wrong on that but that is my understanding of it. Quote Link to comment Share on other sites More sharing options...
babychunder Posted March 4, 2014 Report Share Posted March 4, 2014 The fit and proper test applies to any office bearer, secretary, director or member of the board. By implication this could include "owners" although it would be pretty difficult to extend the test to minority shareholders with no board seat, which is where Dave boy might end up. If recent press on Mr King's history is correct, then he would almosty certainly fail this part of the fit and proper test " (h) he has been convicted within the last 10 years of (i) an offence liable to imprisonment of two years or more, (ii) corruption or (iii) fraud;" Therefore, dear viewers, I can't see any way Mr. King will get control unless he uses a puppet proxy or just buys up shares with a view to getting voting power. I don't think he would have to really...I would guess he could put up to the money to own Sevco but not actually hold any position within the club. I might be wrong on that but that is my understanding of it. Quote Link to comment Share on other sites More sharing options...
babychunder Posted March 5, 2014 Report Share Posted March 5, 2014 (edited) King's latest ramblings are quite interesting. Laxey Hedgies Inc. get a guaranteed 15% RoI (with upside if they take paper) on a one year loan, AND the benefit of security over Ranger's Car Park and HQ building. Secured loans don't normally have a vig of 15%; that's a kneecapper's rate of interest. If the shares are raised at a discount (which is inevitable) the RoI will increase accordingly in terms of the underlying share value they receive. No wonder they're shopping for another loan, news today says that another £1m is on offer on better terms. I have to question the commercial nous and/or the impartiality of this current Rangers board for agreeing to a deal like that, especially with a connected party who purports to have the Club's best interests at heart. Edited March 5, 2014 by babychunder Quote Link to comment Share on other sites More sharing options...
Blues Brother Posted March 5, 2014 Report Share Posted March 5, 2014 The loan is actually due to be repaid on 1st Sept 2014. 15% over 6 months = 30% APR = Wonga. Quote Link to comment Share on other sites More sharing options...
sixties saintee Posted March 6, 2014 Report Share Posted March 6, 2014 Deal with the fan now seams to be going ahead Quote Link to comment Share on other sites More sharing options...
sixties saintee Posted March 8, 2014 Report Share Posted March 8, 2014 Green on a Interview on SSN trying to justify how when at the the he was trying to cut costs like they are now, basically slagging off fat sally saying he would not engage with him as he wanted to cut his salary, Quote Link to comment Share on other sites More sharing options...
PerthSeany Posted March 8, 2014 Report Share Posted March 8, 2014 He also tried justifying getting paid 338k a year or something close to that figure plus bonuses... Quote Link to comment Share on other sites More sharing options...
ex-montrosesaintee Posted March 13, 2014 Report Share Posted March 13, 2014 Spoke to an insider who has very recently (in his words - finally) been dismissed from employment with the the (media representative role) There was a the the fan in the room so he was polite, but described the latest move, allowing 'the lunatics to finally grab control of the sinking asylum' as a pretty catastrophic turn in a downward spiral. He also said he'd be watching his bank account in vain hope rather than expectation for the settlement of final fees due. Quote Link to comment Share on other sites More sharing options...
Oldermoresensiblepack Posted March 14, 2014 Report Share Posted March 14, 2014 Just heard that that season ticket money will be with held until Ibroke and Murray Park are signed over as security. Anybody know whats going on there? Quote Link to comment Share on other sites More sharing options...
ancientsaint Posted March 14, 2014 Report Share Posted March 14, 2014 Just heard that that season ticket money will be with held until Ibroke and Murray Park are signed over as security.Anybody know whats going on there?Stewart Milne homes perhaps !! Quote Link to comment Share on other sites More sharing options...
Wendy Saints Posted March 14, 2014 Report Share Posted March 14, 2014 You couldn't make this up! You have to wonder how they are going to cope a division higher!? They have hardly set the heather on fire with less than stellar performances against Stenhousemuir, Stranraer...etcetera. Most games they have had to rely on the obligatory penalty, or diving about to get the opposition sent off. Stuck with a manager who under normal circumstances would have been given the heave ho a long time ago! Unable to buy out his contract. How the mighty have fallen! It's very satisfying for those of us who are mocked for supporting a fiscally sound 'diddy' team!!!! COYS⚽️⚽️⚽️⚽️⚽️ HOODLUM65, Oldermoresensiblepack and saintscotty 3 Quote Link to comment Share on other sites More sharing options...
pringles Posted March 14, 2014 Report Share Posted March 14, 2014 The sad thing is they will get away with it. The Scottish media in particular the bbc have been so uncritical of the whole fiasco giggles Gordon doesn't care as long as his beloved Aberdeen are ok and Dodds and Chick are just orgasmic at the thought of regular slots at ibrox in less than eighteen months time .Tthe legislative bodies like the sfa just turn a blind eye to it all. The only hope is they go bust again. I,m sure Black is betting on it. The only person who seems to have been willing to expose it is Alex Thomson from channel 4, even the guy from the bbc who did the documentary seems to have disappeared.By all means be proud of our club but remember Steve brown had to be persuaded to kick them out the last time. crieffsaintandy, Wendy Saints and Smarmy Arab 3 Quote Link to comment Share on other sites More sharing options...
Oldermoresensiblepack Posted March 15, 2014 Report Share Posted March 15, 2014 JUst a thought but if the The do go bust again and incur the wrath (giggles up own sleeve) of the SFLPLFA or whatever they call themselves now are they now banned from European compititon for a further 3 years? Don't think they could claim 3 years fiscal with going bust twice in 3 years. Only good thing about it is Europe don't seem to hold the The in such awe as does the SFLPLFA. To EUFA they're just another diddy team. Quote Link to comment Share on other sites More sharing options...
Lincolnshire no More Posted March 15, 2014 Report Share Posted March 15, 2014 they may go into administration but they are unlikely to go into liquidation again unless they have been running up huge debts. As they are borrowing money from fans and shareholders it doesn't seem likely that things are that bad. It does show that the banks aren't keen to lend them money. The real killer would be tax money and as a new organisation they don't have to worry about tax case appeals. Only liquidation would give them problems with UEFA as they would be a new entity and wouldn't have three years worth of accounts. Quote Link to comment Share on other sites More sharing options...
chips Posted March 16, 2014 Report Share Posted March 16, 2014 It was good to see Sky sports other day announcing The Rangers have now won two national trophies and not the 50 odd that their deluded fans seem to think 541ntees and Wendy Saints 2 Quote Link to comment Share on other sites More sharing options...
Oldermoresensiblepack Posted March 16, 2014 Report Share Posted March 16, 2014 1000000's of subcriptions cancelled? Wendy Saints 1 Quote Link to comment Share on other sites More sharing options...
Plastered Posted March 19, 2014 Report Share Posted March 19, 2014 Jon Daly speaking about the Semi-final has said, . "I don't see the game being at Ibrox as an advantage for us," Quote Link to comment Share on other sites More sharing options...
George Grieve Posted March 19, 2014 Report Share Posted March 19, 2014 Must have had his tongue firmly in his cheek.....HUGE advantage..... Never supported United before but making an exception for this.... Quote Link to comment Share on other sites More sharing options...
garydavidson Posted March 19, 2014 Report Share Posted March 19, 2014 United should be looking to hammer this lot. Quote Link to comment Share on other sites More sharing options...
Indicator Posted March 19, 2014 Report Share Posted March 19, 2014 They might well be but... they'll have to be careful how they go about it. Quote Link to comment Share on other sites More sharing options...
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