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Big Rangers Administration/Liquidation Thread - All chat here!


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The other two had no chance of being upheld. To do so would impinge on the Director's ability to perform their fiduciary duties.

And we all know Mr King would take a dim view of directors not fulfilling their fiduciary duties.

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You mad?

He tried to stop three resolutions, only managed to postpone one.

The lawn tanks will have to regroup...

The resolution he most wanted stopped was blown to bits. The tanks suffered a couple of casualties but Mike has cleared the way for his action against the SFA's dual ownership rules.

Big Mike will soon be in charge at "Rangers", which is pleasing because the good guys get destroyed but worrying because I think big Mike will get "Rangers" back on track.

Edited by stonedsailor
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9 and 10 relate to swapping loans for equity, 10 being a special resolution, the board currently cannot do this, which is why the resolutions are being proposed. This is of course could be used as a method to strengthen the shareholdings of those willing to provide funds while ridding the company of debt, it also can be used to dilute and weaken other shareholders including Mike and the Easdales....of course i see this as a victory.

11 was about stopping shareholders who have shareholdings in other football clubs from influencing club business through voting, influencing the club for such individuals is of course against SFA rules, something which mike has already been found guilty of, it was a sensible measure to protect the club from breaking SFA rules.

I have just re-read number 10 and you are correct that it is a special resolution. The reason that it is a special resolution is that the authority was sought last year and turned down by the share-holders. If this is voted through then share-holders are placing absolute trust in the current Rangers BOD.

Are you a shareholder? Is there any indication of how much equity the directors want to be able to allocate?

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Regarding Mike ashley trying to get this blocked.

The three bears have lent £4.5m so far and want to dilute the other shares to turn this into equity whilst at the same time telling ashley he ain't getting that £5m back and that his shares are also going to be diluted.

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James Doleman þ@jamesdoleman · 5m5 minutes ago
Counsel in court from MASH, The SFA and Rangers Football Club. Now awaiting judge, Lady Wolffe

James Doleman þ@jamesdoleman · 1m1 minute ago
Proceedings begin. Mr Sanderson for MASH tells court SFA is arguing "no jurisdiction" against motion for judicial review.

James Doleman þ@jamesdoleman · 60s60 seconds ago
SFA making "no positive case" counsel for MASH tells court

James Doleman ‏@jamesdoleman · 1m1 minute ago
MASH seeking full hearing on judicial review of SFA decision on Dave King on 4 February 2016

James Doleman ‏@jamesdoleman · 20s20 seconds ago
MASH are asking for judicial review of SFA decision to grant Dave King "fit and proper" status and on his fine from SFA

James Doleman ‏@jamesdoleman · 7s7 seconds ago
Counsel for MASH asks SFA to "put forward a substantive position"

James Doleman ‏@jamesdoleman · 4s4 seconds ago
Judge, Lady Wolffe minded to grant judicial review requested by Mike Ashley. Dates now being discussed

James Doleman ‏@jamesdoleman · 6s6 seconds ago
Counsel for SFA says they have "no duty to provide explanations" to Mike Ashley.

James Doleman ‏@jamesdoleman · 18s18 seconds ago
Counsel for SFA asks for hearing on 11 December were he will move to dismiss Mike Ashley motion, " no need to put it off"

James Doleman ‏@jamesdoleman · 6s6 seconds ago
Counsel for SFA " I hardly need to remind you of difficulties Rangers, and Scottish football have faced" adds "this uncertainty must end"

James Doleman ‏@jamesdoleman · 15s15 seconds ago
Counsel for SFA on Ashley: "what is the standing of a 9% shareholder to challenge an SFA decision?"

James Doleman ‏@jamesdoleman · 8s8 seconds ago
Counsel for Dave King rises, says he is "happy to adopt SFA motions" asks for "end to uncertainty" and "expidited hearing"

James Doleman ‏@jamesdoleman · 19s20 seconds ago
Lady Wolffe rules she will hold 2 day hearing on 11 Feb Rejects SFA/King motion for preliminary diet in December

James Doleman ‏@jamesdoleman · 46s47 seconds ago
Court adjourns

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James Doleman þ@jamesdoleman · 5m5 minutes ago

Counsel in court from MASH, The SFA and Rangers Football Club. Now awaiting judge, Lady Wolffe

James Doleman þ@jamesdoleman · 1m1 minute ago

Proceedings begin. Mr Sanderson for MASH tells court SFA is arguing "no jurisdiction" against motion for judicial review.

James Doleman þ@jamesdoleman · 60s60 seconds ago

SFA making "no positive case" counsel for MASH tells court

James Doleman ‏@jamesdoleman · 1m1 minute ago

MASH seeking full hearing on judicial review of SFA decision on Dave King on 4 February 2016

James Doleman ‏@jamesdoleman · 20s20 seconds ago

MASH are asking for judicial review of SFA decision to grant Dave King "fit and proper" status and on his fine from SFA

James Doleman ‏@jamesdoleman · 7s7 seconds ago

Counsel for MASH asks SFA to "put forward a substantive position"

James Doleman ‏@jamesdoleman · 4s4 seconds ago

Judge, Lady Wolffe minded to grant judicial review requested by Mike Ashley. Dates now being discussed

James Doleman ‏@jamesdoleman · 6s6 seconds ago

Counsel for SFA says they have "no duty to provide explanations" to Mike Ashley.

James Doleman ‏@jamesdoleman · 18s18 seconds ago

Counsel for SFA asks for hearing on 11 December were he will move to dismiss Mike Ashley motion, " no need to put it off"

James Doleman ‏@jamesdoleman · 6s6 seconds ago

Counsel for SFA " I hardly need to remind you of difficulties Rangers, and Scottish football have faced" adds "this uncertainty must end"

James Doleman ‏@jamesdoleman · 15s15 seconds ago

Counsel for SFA on Ashley: "what is the standing of a 9% shareholder to challenge an SFA decision?"

James Doleman ‏@jamesdoleman · 8s8 seconds ago

Counsel for Dave King rises, says he is "happy to adopt SFA motions" asks for "end to uncertainty" and "expidited hearing"

James Doleman ‏@jamesdoleman · 19s20 seconds ago

Lady Wolffe rules she will hold 2 day hearing on 11 Feb Rejects SFA/King motion for preliminary diet in December

James Doleman ‏@jamesdoleman · 46s47 seconds ago

Court adjourns

Chalk this up as another in the Win column for Ashley. The SFA are showing outright contempt for due process.

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