It Is Better To Offer No Excuse Than A Bad One

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JINGSO.JIMSIE DECEMBER 21, 2017 at 16:29 ================================ For what it’s worth I see it …

Comment on It Is Better To Offer No Excuse Than A Bad One by Homunculus.

JINGSO.JIMSIE
DECEMBER 21, 2017 at 16:29
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For what it’s worth I see it pretty much the same way as the others who have commented.

Res 11 and the Takeover Panel ruling are separate things.

There is a list of shareholders at the point when King’s concert party bought over 30% of the PLC. King has been told to offer everyone on that list 20p for the shares they had at that time, assuming they still have them. 

Any other issue of shares, and anyone buying  them is an entirely separate matter.

Going back to the 20p offer and the “no one will take it anyway” claim. 

I take this from the RIFC shares page

“Currently 8,500,000 of the Company’s Ordinary Shares (c. 10.4%) are subject to restrictions affecting the right to vote the affected shares, the right to receive payments or distributions in respect of the affected shares and the right to transfer the affected shares. The affected shares are those identified in the attached Shareholder Information.”

Surely if whoever owns these is offered £1.7m for the shares they hold but cannot benefit from they will consider taking it. Assuming the Takeover Panel trumps whatever rule is currently being imposed. 

What about Sandy Easdale, if he is offered just over £1m he might decide to take it. 

There must be several people who would be willing to cut their losses and get out of the loss making business which is £16m in debt and predicting borrowing another £7m. 

Homunculus Also Commented

It Is Better To Offer No Excuse Than A Bad One
He has a logo already


It Is Better To Offer No Excuse Than A Bad One
TONY
JANUARY 2, 2018 at 16:03
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Not the humility then.


It Is Better To Offer No Excuse Than A Bad One
TONY
JANUARY 2, 2018 at 15:37
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You guessed, what gave it away.


Recent Comments by Homunculus

Who Is Conning Whom?
https://www.rte.ie/sport/soccer/2017/1208/925988-gordon-smith-slams-astonishing-rangers-statement/

Former Rangers favourite Gordon Smith has hit out at the Ibrox board for their bitter response to Derek McInnes’ snub.
Gers released a statement on Thursday night after learning the Aberdeen boss had turned down the chance to return to his old club as manager.
It said they had “endorsed” the 46-year-old’s decision to stay put as they hinted he was not up to managing “a massive club like Rangers”.
The statement added: “We continue to consider candidates but will only appoint someone in whom we have full confidence and who feels he is ready for the job.”
But those words have perplexed former striker Smith – who also previously served at Ibrox as director of football.
He told Sky Sports News: “I find the whole thing astonishing.
“It seems strange that it takes so long to make the appointment, then when Derek turns it down they come out with this statement saying it was probably the right thing that he stays at Pittodrie because really they were trying to assess whether he was the right person for the job and the fact he is staying at Pittodrie proves he isn’t the right person.
“It’s almost like they are saying he didn’t have the bottle for such a big role.
“It absolutely is an embarrassment for the Rangers board. They are trying to say now that he wasn’t the number one candidate.
“I just don’t understand how they can say that.”


Who Is Conning Whom?
I think it’s reasonable to assume that Rangers would have offered Derek McInnes personal terms which at least matched those which he has at Aberdeen so there have to be other reasons that he did not want the job. I just thought I would have a think about what those might be and jot a few down.

1, He is happy at Aberdeen and doesn’t actually want to go anywhere.

2, The other club did not want his backroom staff as part of a package and he likes working with them.

3, Rangers would not pay the compensation so he would have had to breach his contact and then be sued by Aberdeen. He was not willing to do that.

4, He did not want to work under a Director of Football. Or the specific one at Rangers.

5, He did not want to work for the Rangers board, either not liking or not trusting them. Possibly both.

6, He did not want to manage a team whose support turn on people, and whose expectations far exceed reality.

7, He knew that he would have to seriously re-build the squad and knew there simply weren’t the resources to do it properly. (See 6)

8, He did not want to put his family through the consequences of perceived failure (See 6)

I’m sure other people can come up with more good reasons for declining the post. The point is, there are a lot of them.

The only plus seems to be “But we’re Rangers and we’re massive”.

The problem with the plus side is … well it isn’t really true.


Who Is Conning Whom?
EASYJAMBO
DECEMBER 7, 2017 at 22:32
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Is that the £29m that was mentioned in the BDO update EJ.


Who Is Conning Whom?
I am neither Derek McInnes or an Aberdeen supporter.

Sorry if anyone is shocked by that revelation.

However if I was I would find that Rangers statement insulting and condescending.

The position of Rangers manager requires an ability to win football matches and the mentality to cope with the demanding off-pitch environment that goes with being the Rangers manager. This is a critical aspect of our assessment of any candidate during the interview process.

After the two games against Aberdeen, we requested permission to engage with their manager to assess his readiness and willingness to consider the Rangers position. This was declined. We were subsequently made aware by Aberdeen’s statement that, at this stage in his career, it would be best for him to remain in his current post. We endorse that position because moving to a massive club like Rangers is a big step with concomitant risk. We continue to consider candidates but will only appoint someone in whom we have full confidence and who feels he is ready for the job.

Absolutely disgraceful.


Who Is Conning Whom?
Already posted.


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