Whose assets are they anyway?

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The Cat NR129th October 2015 at 10:40 am What I find …

Comment on Whose assets are they anyway? by Homunculus.

The Cat NR129th October 2015 at 10:40 am

What I find astonishing is that Dave King is treated by the media, whether it be print or broadcast, as the “owner” of Rangers. Every statment or proclamation he makes is him speaking as Rangers. His actions are the actions of Rangers, his words are the words of Rangers, his opinions are the opinions of Rangers.

As I understand it he doesn’t actually hold any shares himself. A trust he is believed to control holds just under 15% of the PLC. Hardly what one would describe as the “lions share” or anything like it.

I suppose it’s all down to PR, propaganda and how things are reported. He has been described and treated as the owner from when he re-appeared, no one has really questioned that. He has become in the public’s perception the owner. It really isn’t true.

Now if you believe that he and another three people are working together and between them they control over 30% of the PLC that may be a different issue. However that would then be a Concert Party, opening up an entirely different can of monkeys. One wouldn’t want other shareholders to be made the offer of buying their shares from them. That would be money out of the Concert Party’s pockets without any of it actually going to the PLC.

Heaven forfend smaller shareholders like Mike Ashley / MASH, be offered their legal rights.

Homunculus Also Commented

Whose assets are they anyway?
jimbo 10th November 2015 at 10:42 pm


The FOIA, or more accurately FOSIA as we have our own act only relates to Scottish public authorities.

You can get more details here.


Whose assets are they anyway?
GoosyGoosy 10th November 2015 at 9:06 pm

Sorry, but why should the largest creditor not get a vote on such an important issue. Or be asked to curtail their vote in any way.

Are you seriously suggesting someone owed £900 should have a say in this but someone owed £90,000,000 should not. As to getting a vote but “restricting it” in the way you suggest, on what possible basis would that work.

HMRC are by far the largest creditor, if there is a vote and I have no idea whether BDO will decide to do that (if they even can) then HMRC should have their say in it.

Can I just point out that HMRC are in fact you and me and everyone else in the country. Any money they get goes back to the Treasury to be used in running the country.

Whose assets are they anyway?

Yet another of the specious arguments.

We should all listen to Martin O’Neill and Paul Lambert when they express an opinion on this.

Why is that exactly, why is their opinion more valid than say a 27 year old Partick Thistle season ticket holder.

I would suggest her opinion on Scottish football and what is best for it would be just as valid as either of theirs.

And even that is a specious argument in a way. What we should be looking at is what is right. That’s a different argument but it still stands, why is what Martin O’Neill or Paul Lambert thinks is right or wrong more valid than anyone else’s opinion.

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