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Big Rangers Administration/Liquidation Thread - All chat here!


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I wonder if that batman pic guy who runs this place will get easdaled?

Frankie ‏@GersnetOnline 9m

Just had to censor a four letter word on our forum under threat of legal action from Alexander Easdale. Urge caution for all bears online.

Frankie ‏@GersnetOnline 1m

To avoid confusion amongst our followers and site contributors, the word Mr Easdale finds malicious is spiv. Not something I use personally.

?

Urge caution for all bears online

Only a few Bralters need worry then :whistle...........

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Spiv spiv spiv spiv Easdale brothers spiv spiv spiv

This could be like when I had delight in putting ''Bin Laden'' in white text in most of my posts on various forums a few years back, simply to piss off the Yankee monitoring agencies :D

And I note it is only 'spiv' he is worried about, and nothing to do with the fire raising drug dealing gangster allegations that are the norm for that pair.

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Worth a little closer look.....

Statement

RANGERS BOARD REJECT KING PROPOSAL

The Rangers board have rejected Dave King's plan to ring-fence season-ticket cash, the former director claims.

King met with the ruling Ibrox regime on Friday for showdown talks about the club's worrying financial state.

The club responded 24 hours later with a statement describing the meetings as a "helpful, open and honest discussion". (we don't agree, we argued, we both think we're right)

But the South Africa-based businessman's proposed scheme - that would have protected season-ticket cash from being used to repay a controversial £1.5million loan handed to the new League One champions by investors Sandy Easdale and Laxey partners - was knocked-back by the board. :thumsup2

The loan agreement is secured against the Albion car park and Edmiston House facility and will earn Laxey a £150,000 profit in either cash or shares when it is repaid next year.

King says the board have addressed (Not agreed, just talked, or argued about) many of his concerns about the fallen Glasgow giants' future but revealed the two sides could not find common ground on the topic of season-ticket revenue.

In a statement, the Castlemilk-born multi-millionaire said: "The only significant issue that I discussed with the board that is not contained in the board statement is the Laxey loan facility. (Another attempt at concealment accusations from Mr Glib)

"Mr [Norman] Crighton, on behalf of the board, made a forcible argument as to why the board considered and approved the terms of the Laxey loan. (Clearly told King he wasn't in any position to cast judgements on the matter)

"The board considered that a combination of legal risk and the current financial position justified the loan terms.

"I replied that a consequence of the board's view of the high risk to anyone advancing funds to the club is the board's fiduciary responsibility to ring fence any season-ticket money that is received (even if fans don't request this) unless sufficient committed financing is in place at that time. (There it is.... - never mind paying debts off, the money MUST be used to spend on players because Big Bad Celtic (BBC- ;) ) will win stuff and we might be middle league fodder for a while !! :bairn )

"The board did not agree with me on this logical consequence but I believe that my observation is correct." (I'm right you're naw!!!! :bairn )

King looked set to go to war with the board when he advised fans to withhold season-ticket cash and instead pay it into a trust fund which would then drip feed the money to the club.

He made his original call after complaining about a lack of transparency about the club's financial state following last year's £14.4million loss and rumours of downsizing to boss Ally McCoist's squad, which King feared would allow Celtic to rack up "10 in a row".

On top of his concerns about season-ticket cash, the former director - who lost a £20million investment when the club was liquidated in 2012 - also expressed fears that the board would mortgage off Ibrox and Murray Park to secure fresh finance.

But he added: "The board has now publicly dealt with each of the above. The board has affirmed that it regards competition with Celtic and in Europe as being its continued aim (Indeed Dave - but in an affordable manner and timescale, not the debt gorge-fest of before )and that this outlook will be reflected in the business review that will be published within the next month.

"Crucially, that will allow fans sufficient time to consider the review prior to investing in season tickets (He's had no success in getting the board to shorten or hasten their review either) but it is also important that the board has now confirmed categorically that they will not use Ibrox or Murray Park as security for any form of fund raising. (Really Dave? I haven't seen or heard that from them but ok, if you say so.... - So Admin it is then? Or are YOU putting in £30m to fund this triumphalist "return"?) :lol:

"No one should be in any doubt that this public statement and commitment is significant and should be appreciated as such. (Classic corporate waffle.... ANY publicly issued statement is a one sided bit of PR and is always viewed as such by sensible investment brokers - nice try at authoritive impersonation Dave - but your past is quicksand for such bullshit)

"Statements from a public company board are intended to be relied upon so in a couple of weeks we can expect a business review that will reflect the board's ambition and a funding plan to achieve this. (THE most obvious pre-emptive strike on the board telling the hordes they need to cut their cloth for a few years)

"We (Lovely Dave, still casting that us and them mentality that is so easy to understand for the masses..) can also rely on the fact that if circumstances change the board would be bound to advise the public in advance of this."

He added: "The board has now communicated with the fans and has committed to do so in more detail within a month.

"Let us give the board time to comply with its commitment. ( :lol::lol::lol: So, as you were then Dave ? Like they've TOLD YOU)

"I advised the board that I would wish to be a part of the required fund-raising as a component of a united fan group investment vehicle. (But Dave!! You're pyoooor minted ! Are ye naw going tae pump millions of yer ain dosh intae ra club yersel' man ??) This will require further discussion after release of the review in the next month."

Best long winded get-tae-f**k rewrite ever Mr Glib.... :lol::thumsup2

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has anybody in this long running farce ever appeared anything BUT a laughing stock?

(including that uber-galloot posting above)

(especially that uber-galloot posting above)

I have no idea what an, "Uber-galloot" is.

All I know is that, when I grow up, I think I want to be one.

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What are these "binding, public, commitments"? :unsure:

More absolute nonsense. Who says fans don't get the club they deserve?

That diatribe is pure hogwash. A litany of assumptions based on a wee cosy chat with the glib and shameless liar.

How gullible and naiive can they get ?

King and the present board of spivs and corporate raiders will once again f**k them over.

We welcome the charade.

:whistle

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The fans are delighted that the board are no longer considering scaling back the club's operations?

Are these things written by actual, real people?

The club has yet to address the rate at which it's losing money, beyond taking out an extortionate loan from itself; yet these fans welcome the plans to change nothing.

Thick as shit.

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The fans are delighted that the board are no longer considering scaling back the club's operations?

Are these things written by actual, real people?

The club has yet to address the rate at which it's losing money, beyond taking out an extortionate loan from itself; yet these fans welcome the plans to change nothing.

Thick as shit.

:lol::lol:

I do believe our own Tedi must be The Union Of Fuds spokesperson...

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