TavTastic Posted October 11, 2019 Share Posted October 11, 2019 3 minutes ago, Ross. said: But it does mean there is no possibility of the club re-listing on the stock exchange, for at least the next 4 years if King is still involved. Does it really? Nothing about that in the public forum so far. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted October 11, 2019 Share Posted October 11, 2019 5 minutes ago, TavTastic said: Does it really? Nothing about that in the public forum so far. I'll be honest, that one I read on a tweet from someone who is generally spot on with financial stuff but I haven't checked it myself. On the face of it, absolutely nothing of any substance has happened here. Seems a pointless punishment that has been given out simply because the FCA have been made to look powerless over the whole period. The costs involved in it all are the only real negative for King. 1 Quote Link to comment Share on other sites More sharing options...
sugna Posted October 11, 2019 Share Posted October 11, 2019 12 minutes ago, robbie1872 said: "In terms of its practical impact, the ruling of the Hearings Committee does not impact upon my personal or business activities – including RIFC. It applies solely to dealings in companies that are or are to be listed on the UK exchanges. " My investment was motivated – to quote the Hearings Committee – “solely for the love of the club.” RIFC and Rangers Football Club are not affected by the Hearings Committee’s ruling and the ruling does not impact upon my position as Chairman and a director of RIFC. I have ensured that RIFC has complied with the requirements of the Code throughout the period of my Chairmanship, notwithstanding that the Company is no longer listed. RIFC will continue to comply with the Code. The Takeover Panel has raised no concerns about RIFC’s compliance with the Code in the more than four and a half years since regime change. Quick summary of all independent examinations of statements by Dave King in SA and UK, as collated by several independent judges across multiples courts, hearings and trials; but with no dissenting voice: "He keeps lying." That's why quoting his statement as evidence is... less than persuasive. Personally, after the last few years I find his lies to the courts quite tiresome; but his lies to the Rangers fans can still raise a smile. 1 Quote Link to comment Share on other sites More sharing options...
robbie1872 Posted October 11, 2019 Share Posted October 11, 2019 9 minutes ago, Brother Blades said: Genuine question to the Rangers fans on here, does it bother you that your chairman appears to be duplicitous at best & an out & out crook at worst? nope 0 Quote Link to comment Share on other sites More sharing options...
robbie1872 Posted October 11, 2019 Share Posted October 11, 2019 1 minute ago, sugna said: Quick summary of all independent examinations of statements by Dave King in SA and UK, as collated by several independent judges across multiples courts, hearings and trials; but with no dissenting voice: "He keeps lying." That's why quoting his statement as evidence is... less than persuasive. Personally, after the last few years I find his lies to the courts quite tiresome; but his lies to the Rangers fans can still raise a smile. yep hes conned us all and the club is doomed 0 Quote Link to comment Share on other sites More sharing options...
sjc Posted October 11, 2019 Share Posted October 11, 2019 2 minutes ago, robbie1872 said: yep hes conned us all and the club is doomed I'm sure everything will be fine...... 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 11, 2019 Share Posted October 11, 2019 41 minutes ago, Romeo said: Been called a liar again. Very rangers. Well stop lying and it'll stop. 3 hours ago, Ross. said: Dave King cold shouldered by the FCA. Is he still on the board at Rangers? Never seen this done before so will be interesting to see exactly how the FCA impose it. I know how he feels, I'm always getting cold shouldered. Sounds like something from 1900s era gentleman's club. According to the bbc and the record it doesn't apply to the club, only to King. " In their ruling published today, they committee said: "In the circumstances the Committee concludes that Mr King should be cold-shouldered for a period of four years. "It should be said that other than in the unlikely event that the holding in Rangers which Mr King owns or controls reaches a size that enables him to control Rangers personally, the sanction will apply to Mr King as an individual and not to Rangers" 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted October 11, 2019 Share Posted October 11, 2019 2 minutes ago, bennett said: Sounds like something from 1900s era gentleman's club. According to the bbc and the record it doesn't apply to the club, only to King. The Square Mile pretty much is a 1900's era Gentleman's Club, to be fair. 0 Quote Link to comment Share on other sites More sharing options...
Guest Moomintroll Posted October 11, 2019 Share Posted October 11, 2019 Does it really? Nothing about that in the public forum so far.He is deemed to be unfit under the spirit of the law after such a ruling, they legally cannot touch him but are telling everyone else to avoid him like the plague. He is an utterly shady fucker & he, or any company associated with him, couldn't get credit for a penny sweet in the UK after this. 0 Quote Link to comment Share on other sites More sharing options...
sugna Posted October 11, 2019 Share Posted October 11, 2019 7 minutes ago, sugna said: Personally, after the last few years I find his lies to the courts quite tiresome; but his lies to the Rangers fans can still raise a smile. 4 minutes ago, robbie1872 said: yep hes conned us all and the club is doomed As I was about to add: 7 minutes ago, sugna said: ... because they still appear to lap them up with astonishing gullibility. 1 Quote Link to comment Share on other sites More sharing options...
TavTastic Posted October 11, 2019 Share Posted October 11, 2019 6 minutes ago, Moomintroll said: 28 minutes ago, TavTastic said: Does it really? Nothing about that in the public forum so far. He is deemed to be unfit under the spirit of the law after such a ruling, they legally cannot touch him but are telling everyone else to avoid him like the plague. He is an utterly shady fucker & he, or any company associated with him, couldn't get credit for a penny sweet in the UK after this. I sincerely doubt that we will have any problem getting credit if needed and expect that to bear out over the next year. 0 Quote Link to comment Share on other sites More sharing options...
Guest Moomintroll Posted October 11, 2019 Share Posted October 11, 2019 I sincerely doubt that we will have any problem getting credit if needed and expect that to bear out over the next year.I interact with Dunn and Bradstreet on a daily basis, any company he is associated with will not be granted a single penny in Credit from any U.K based source unless they either, a) are desperate or b) are charging ridiculous amounts of interest or c) they know their clients are a) so they can get away with b). Outwith the U.K, who knows, especially amongst people who may need to legitimise a lot of unexplained income quickly 0 Quote Link to comment Share on other sites More sharing options...
printer Posted October 11, 2019 Share Posted October 11, 2019 yep hes conned us all Indeed and he continues to do so. Pretty much anything that comes out of his mouth or in his written statements is lies. There can be no debate about that any longer (if there ever could be). Yet Rangers fans continue to put money into the club, repeat those lies on a day to day basis etc. They've all been conned. 0 Quote Link to comment Share on other sites More sharing options...
TavTastic Posted October 11, 2019 Share Posted October 11, 2019 5 minutes ago, Moomintroll said: 13 minutes ago, TavTastic said: I sincerely doubt that we will have any problem getting credit if needed and expect that to bear out over the next year. I interact with Dunn and Bradstreet on a daily basis, any company he is associated with will not be granted a single penny in Credit from any U.K based source unless they either, a) are desperate or b) are charging ridiculous amounts of interest or c) they know their clients are a) so they can get away with b). Outwith the U.K, who knows, especially amongst people who may need to legitimise a lot of unexplained income quickly Again we will see on this. With rising revenues and assets I don't believe there will be as much as a problem as you think. 1 Quote Link to comment Share on other sites More sharing options...
Guest Moomintroll Posted October 11, 2019 Share Posted October 11, 2019 Again we will see on this. With rising revenues and assets I don't believe there will be as much as a problem as you think.Erm, what rising assets, Defoe, Davis,King, Arfield??? I could go on but your team is stuffed with loanees & aged players with no resale value, as are my mob but we have no debts & have a creditworthy BOD living within our means. Granted, Morelos seems to have screwed the nut & will be worth a fortune if he keeps it up but you really need to take a dispassionate look at what is going on at your club and evaluate accordingly. 0 Quote Link to comment Share on other sites More sharing options...
printer Posted October 11, 2019 Share Posted October 11, 2019 Again we will see on this. With rising revenues and assets I don't believe there will be as much as a problem as you think.You've forgotten costs and liabilities. Levels of revenues and assets are irrelevant in isolation.If I was (still) the financial controller of a business, I would be very cautious about granting Rangers much in the way of credit. 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted October 11, 2019 Share Posted October 11, 2019 6 minutes ago, Moomintroll said: 22 minutes ago, TavTastic said: Again we will see on this. With rising revenues and assets I don't believe there will be as much as a problem as you think. Erm, what rising assets, Defoe, Davis,King, Arfield??? I could go on but your team is stuffed with loanees & aged players with no resale value, as are my mob but we have no debts & have a creditworthy BOD living within our means. Granted, Morelos seems to have screwed the nut & will be worth a fortune if he keeps it up but you really need to take a dispassionate look at what is going on at your club and evaluate accordingly. Loanees and aged players, really? Barasic, edmundson, katic etc in defence... Then we move on to the midfield and forward positions.... 1 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted October 11, 2019 Share Posted October 11, 2019 4 minutes ago, bennett said: Then we move on to the midfield and forward positions.... Go on then 1 Quote Link to comment Share on other sites More sharing options...
Guest Moomintroll Posted October 11, 2019 Share Posted October 11, 2019 Loanees and aged players, really? Barasic, edmundson, katic etc in defence... Then we move on to the midfield and forward positions.... Relative value benny lad, are they going to significantly appreciate when you take into account inbound transfer fees & wages? Once again, disregard the Seville calculator & carefully consider how much profit you may realistically make on them. Remember that a loan is a loan until it is written off & judge your financial position from there.. 0 Quote Link to comment Share on other sites More sharing options...
Romeo Posted October 11, 2019 Share Posted October 11, 2019 . 0 Quote Link to comment Share on other sites More sharing options...
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