Comment on The Immortality Project by BigGav.
Davie B says:
October 3, 2013 at 9:39 pm
Re the authority to allocate shares – they are looking to increase the capital by 66% or close to £20m at current price, how deep is the hole and who are the mugs that are going to fill it?
I wouldn’t read too much into those resolutions.
I’m no expert, but I believe these things are fairly standard practice at AGMs in order to renew the board’s authority to allot new shares if the need arises.
For both resolutions, they say in the notes (if you can believe them :)) that “the Directors have no present intention of exercising this authority”.
October 3, 2013 at 12:28 am
There was some discussion on this a few weeks back. For the benefit of a legal contract to be transferred from one party to another, it has to be done by deed, and D&P would have to be formally notified. I think this related to one of the Board minutes released by Charlotte, which indicated that the paperwork was missing?
From the minutes of the October 31st 2012 TRFCL board meeting (as posted by Charlotte):
The Company entered into the APA and acquired Rangers (with Sevco 5088 and the Administrators of RFC 2012 plc being parties to the APA in addition to the Company to provide written consent to the change of acquiring entity).
Regarding the missing paperwork, I suggested on 7th Sept (and ecobhoy later agreed with me) that the ‘missing deed’ actually relates only to the transfer of Ahmad’s loan from Sevco 5088 to Sevco Scotland, and not to the novation of the asset purchase (for which D&P would presumably also have a copy).
The Immortality Project
October 2, 2013 at 11:33 pm
Anyone familiar with the concept ‘Balance of Terror’? The idea is that where two opposing sides have an assured way of destroying each other in any conflict, a balance will arise whereby each would understand that it would essentially be suicide to go all in.
Sounds like the theory of Mutual Assured Destruction (MAD) favoured during the Cold War.
Now, who’s got their finger on the nuclear trigger…?
The Immortality Project
October 2, 2013 at 2:52 pm
Richard Hughes of Zeus is also interesting in this grouping as to whether he has punted his 2.2 million shares or not.
He still appears, with that number, on the official list of major shareholders at http://www.rangersinternationalfootballclub.com/share-information
Mind you, I don’t know how much that page can be relied on as, despite apparently being last updated on 30/09/2013, it still has a certain Charles Green as the top holder with 5.071m shares. I thought they had just announced he was completely gone. ???
The Lost Voice of the Armageddon Virus
I see that Dave King’s carefully crafted statement from yesterday:
“All of our season ticket money will be invested in the football squad”
has been dutifully reported in the Herald and Evening Times by eminent journalist Christopher Jack as:
“Dave King has vowed to plough all season ticket cash into the transfer kitty in the coming weeks”
which is not what he said AT ALL.
I think King’s statement is more notable for what it DOESN’T say – noticeably missing is any promise that additional money will be provided by King and his fellow-directors to fund the expected full-scale squad rebuild.
Of course, any “journalist” worthy of the name could easily pick up a phone and ask Mr King to explain his statement, but for some reason this never happens…
THAT Debate, and the Beauty of Hindsight
April 27, 2017 at 17:25
The Bampot view was that it wasn’t whether the EBT scheme was legal or iIlegal but the fact that loan details and side letters were not included in contracts provided to the SFA that broke the rules
Meaning the Bampot view was
Titles should be stripped irrespective of whether EBTs were legal sa there are numerous examples of the SFA punishing clubs for not disclosing full details of player contracts
Indeed, LNS found RFC(IL) GUILTY and fined them £250,000, so the “no sporting advantage” argument cannot logically be based on the freedom of other clubs to do the same thing.
Good Try Mr. McKenzie
February 2, 2017 at 20:24
Impeccable logic, Cluster One.
– “Rangers Football Club don’t lose 4-1”
– “We have just lost 4-1”
It therefore follows:
– “We are not Rangers Football Club”
Peace – Not War
November 4, 2016 at 19:36
And who knows, maybe the statement attributed to Warburton and commented on earlier today, is a sign that the PR penny may have dropped, and signals a drastic re-think??
John, I think you missed the point that the Warbmeister’s statement (“Joey Barton can inspire younger players to the next level”) was made back in May this year, shortly after his signing.
Look Back to Look Forward
jimbo 17th February 2016 at 5:08 pm #
In the absence of a Stat. person replying I have worked out that after 232 games in the Championship, 12 out of 17 penalties awarded were to the SFAs favoured club. That is 70% of all penalties go to TRFC.
According to the figures you posted earlier, it’s 12 out of 29 (12 to TRFC and 17 to all the rest put together). Still suspicious though!
Also it’s 116 games (you counted twice – two teams play in each match!).
OMG! Just seen I have a photo of Spiers as my avatar.
How do I choose a different one?