Big Rangers Administration/Liquidation Thread - All chat here!

[Doctor Sanchez]

1 hour ago, bennett said:

Imagine not being able to copy and paste.

Wow....

Link works for me, Champ.

 

But you're right.  Should've been posted to The Banter Years thread.  

[cyderspaceman]

On 30/11/2018 at 15:50, Doctor Sanchez said:

https://www.bbc.co.uk/sport/football/46403987

 

WOW..!  

What a crock! Dave's legal eagles (shitehawks?) have really been busy searching for loopholes. 

[xj2011]

1 minute ago, muirkirk nil said:

There's yir tea.

Court Ref.: P341/17 IN THE COURT OF SESSION UNDERTAKING BY THE RESPONDENT in the Minute of THE PANEL ON TAKEOVERS AND MERGERS, 10 Paternoster Square, London EC4M 7DY PETITIONER AND MINUTER for in the Petition for orders in terms of section 955 of the Companies Act 2006 made on behalf of THE PANEL ON TAKEOVERS AND MERGERS, 10 Paternoster Square, London EC4M 7DY PETITIONER AND MINUTER and DAVID CUNNINGHAM KING, 34 Coronation Road, Sandhurst, Sandton 2196, South Africa RESPONDENT ______________ I, David Cunningham King, the Respondent, hereby undertake to the Court to take the following actions, or procure that they are taken, in each case by the time specified: 1. Take all such steps as are required to instruct a third party cash confirmer in the United Kingdom (the “Cash Confirmer”) that is considered appropriate by the Panel and confirmed as such by the Panel in writing, as soon as practicable and in any event by no later than 17:30GMT on 14 December 2018, being the date that is two weeks from the date of this undertaking, to do all such things as are required in order to provide a public cash confirmation statement for the purpose of assisting Laird Investments (Pty) Limited (“Laird”) to make an offer for the entire issued share capital of Rangers International Football Club Plc (“Rangers”) on a fully diluted basis (or on such other basis as is agreed in writing by the Panel and the Cash Confirmer) (“the Offer”) including, if required, transferring all such funds as are required into the United Kingdom. 2. Take all such steps as a matter of urgency as are required in South Africa to obtain all such consents and approvals as are required to transfer into the United Kingdom such funds as are necessary to make the Offer by 17:30GMT 2 on 11 January 2019, being the date that is six weeks from the date of this undertaking. 3. To instruct the Cash Confirmer to provide advice as to how Laird/Mr King must comply with its/his obligations under the Takeover Code (the “Code”) and for the Cash Confirmer to liaise with the Panel on behalf of Laird/Mr King in the making of the Offer in full compliance with the Code. 4. To ensure that Laird makes an offer for Rangers in full compliance with the Code by no later than 17:30GMT on 25 January 2019, being the date that is eight weeks from the date of this undertaking. 5. To appoint a legal advisor by 17:30GMT on 14 December 2018 to undertake all such matters as are required to ensure that the documentation complies with the Code and to liaise with the Panel in relation thereto. 6. Without prejudice to the position of the Court, not to raise any objection to continuation of the present process before Lady Wolffe in the event of any concurrence of the Lord Advocate in any proceedings that are required or instituted in respect of any breaches of this undertaking. 7. To make a public announcement of the text of this undertaking in full promptly and, in any event, by no later than 17:30GMT on 3 December 2018 and to publish a copy of this undertaking on the Rangers website

too long didn't read...

[muirkirk nil]

https://media.rangers.co.uk/uploads/2018/12/20181130-King-Undertaking.pdf

UNDERTAKING BY THE RESPONDENT
in the Minute of
THE PANEL ON TAKEOVERS AND MERGERS, 10 Paternoster Square, London

PETITIONER AND MINUTER
for
in the Petition for orders in terms of section 955 of the Companies Act 2006
made on behalf of

THE PANEL ON TAKEOVERS AND MERGERS, 10 Paternoster Square, London
PETITIONER AND MINUTER
and
DAVID CUNNINGHAM KING, 34 Coronation Road, Sandhurst, Sandton 2196, South Africa

 

I, David Cunningham King, the Respondent, hereby undertake to the Court to take the following actions, or procure that they are taken, in each case by the time specified:

1. Take all such steps as are required to instruct a third party cash confirmer in the United Kingdom (the “Cash Confirmer”) that is considered appropriate by the Panel and confirmed as such by the Panel in writing, as soon as practicable and in any event by no later than 17:30GMT on 14 December 2018, being the date that is two weeks from the date of this undertaking, to do all such things as are required in order to provide a public cash confirmation statement for the purpose of assisting Laird Investments (Pty) Limited (“Laird”) to make an offer for the entire issued share capital of Rangers International Football Club Plc (“Rangers”) on a fully diluted basis (or on such other basis as is agreed in writing by the Panel and the Cash Confirmer) (“the Offer”) including, if required, transferring all such funds as are required into the United Kingdom.

2. Take all such steps as a matter of urgency as are required in South Africa to obtain all such consents and approvals as are required to transfer into the United Kingdom such funds as are necessary to make the Offer by 17:30GMT. on 11 January 2019, being the date that is six weeks from the date of this undertaking.

3. To instruct the Cash Confirmer to provide advice as to how Laird/Mr King must comply with its/his obligations under the Takeover Code (the “Code”) and for the Cash Confirmer to liaise with the Panel on behalf of Laird/Mr King in the making of the Offer in full compliance with the Code.

4. To ensure that Laird makes an offer for Rangers in full compliance with the Code by no later than 17:30GMT on 25 January 2019, being the date that is eight weeks from the date of this undertaking.

5. To appoint a legal advisor by 17:30GMT on 14 December 2018 to undertake all such matters as are required to ensure that the documentation complies with the Code and to liaise with the Panel in relation thereto.

6. Without prejudice to the position of the Court, not to raise any objection to continuation of the present process before Lady Wolffe in the event of any concurrence of the Lord Advocate in any proceedings that are required or instituted in respect of any breaches of this undertaking.

7. To make a public announcement of the text of this undertaking in full promptly and, in any event, by no later than 17:30GMT on 3 December 2018 and to publish a copy of this undertaking on the Rangers website.

Edited December 4, 2018 by muirkirk nil

[Monkey Tennis]

I'm just here to laugh at Rangers' latest comical failure against Aberdeen.

And Morelos' latest ordering off.

 

[kiddy]

Just as well Stevie didn't tell Moreilos to change his game then, eh?

[Hedgecutter]

£22m borrowed in the latest year's accounts, more than the remainder of Scottish football's professional clubs combined.

Link

 

#10inarow  #shiteingit

[The DA]

7 hours ago, Hedgecutter said:

£22m borrowed in the latest year's accounts, more than the remainder of Scottish football's professional clubs combined.

Link

 

#10inarow  #shiteingit

Is that AFTER the shares-for-loans issue?  £22M borrowed against an already over-inflated balance sheet.

[The_Kincardine]

8 hours ago, Hedgecutter said:

£22m borrowed in the latest year's accounts, more than the remainder of Scottish football's professional clubs combined.

Link

 

That's what I'd describe the rest of Scottish football as.  Do you really want to be part of the same camp?

[Monkey Tennis]

9 hours ago, The_Kincardine said:

That's what I'd describe the rest of Scottish football as.  Do you really want to be part of the same camp?

Probably perfectly happy with that.  I know I am.

For lots of us, it's not all about some juvenile sense of status you see.

[BobWilliamson]

Nearly 14 million views 

[bennett]

1 hour ago, Drew Brees said:

 

Look, squirrel.

 

No, that's Monkey.

 

[Drew Brees]

Is that AFTER the shares-for-loans issue?  £22M borrowed against an already over-inflated balance sheet.

Who cares, debt free stadium and debt free training ground.

[Dindeleux]

Nearly 14 million views 

The death of Rangers must’ve been the best thing that ever happened to Div. Much money do you think that death has made him?

[Monkey Tennis]

2 hours ago, Dindeleux said:

 

The death of Rangers must’ve been the best thing that ever happened to Div. Much money do you think that death has made him?

 

An awful lot less than it made McCoist.

[Benjamin_Nevis]

8 hours ago, Monkey Tennis said:

An awful lot less than it made McCoist.

How much has that creepy fat b*****d fleeced them for now? Must comfortably into 7 figures now surely? 

Also, having not posted or even bothered with this thread recently, what's happening at boardroom level? Did the "good guys" still "win"? 

[Amatuer loyal]

Cmon tha rangers 

[Drew Brees]

Cmon tha rangers 

The games finished mate.

[nsr]

On 09/12/2018 at 21:48, Amatuer loyal said:

Cmon tha rangers 

A post with a mistake in every single word. Could be a genuine Sevconian or a cunning plant.

[Boghead ranter]

9 hours ago, nsr said:

A post with a mistake in every single word. Could be a genuine Sevconian or a cunning plant.

Not to mention the mistake in the username.