Why We Need to Change

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RIFC is still a PLC and has to abide by …

Comment on Why We Need to Change by Football Fan.

RIFC is still a PLC and has to abide by Company Law for PLCs.
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Do you think this applies in the case of a 30% shareholder being forced to offer to buy all other shareholders?

If so then Rangers will become a private company,DK has never intimated the need for him to buy out other shareholders,it is not a small omission.

Football Fan Also Commented

Why We Need to Change
Evening Barca,

I think the investors would prefer equity shares but this may not be possible without buying up 10% of the opponents shares.

The alternative is an existing shareholders share issue and if needs be a long term loan to replace the 8 million in short term loans.

The fact these conditions have come out persuades me the SFA may have sought some financial assurances from DK as part of the FPP.


Why We Need to Change
So he may well have cash, lot’s of it. However so far he has only talked about putting it into the club.
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I concur,we are in total agreement,there is no debate on this issue.


Why We Need to Change
DK knew about the retail contract and the massive losses before he planned the takeover.

DK knew how much was needed and he knew how much his fellow investors were committed to before the takeover.

DK knows what he can legally invest.

Conclusion,if DK has no cash to invest then he is into public humiliation and shame,and his behavior since and now would be classified as crazy as a bag of snakes.


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Redistribution of Football Income – The Human Dilemma
Dk lodged a 20 million claim against RFC,it was based on the “deliberate non-disclosure by Sir David Murray of transactions that he had committed to on behalf of the club that were both risky and to the sole advantage of the Murray Group.”

The claim has not yet been ratified by the BDO and may well be contested.


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