Rangers in Trouble Again

What sort of owner do Rangers fans want ?

Ashley appears to want to put money in the club and to clear the debt - then if he does want to have a foot print in European Football comps then he will have to invest in the team ?

Is there something missing ?
 
FairwayDodger said:
No way Rangers will succeed with Ashley in charge. 11,000 turned up for the game today, fans aren't going back until the board are ousted....
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I can understand the fans anger and why they won't watch until the board goes, but will that really happen anytime soon. The EGM in London shows how cunning they are and what lengths they'll go to and I think more to come. Ashley may be a financial saviour for now but beware Geordies bearing gifts
 
Liverpoolphil said:
What sort of owner do Rangers fans want ?

Ashley appears to want to put money in the club and to clear the debt - then if he does want to have a foot print in European Football comps then he will have to invest in the team ?

Is there something missing ?
Click to expand...

Rangers have no debt except to Mike Ashley, who in the meantime is hoovering up all of Rangers' income streams for his own companies in exchange for the debt Rangers is currently racking up.
 
ger147 said:
Rangers have no debt except to Mike Ashley, who in the meantime is hoovering up all of Rangers' income streams for his own companies in exchange for the debt Rangers is currently racking up.
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So why were you close to go out of business a while back ? Was that a debt that was owed ?
 
Liverpoolphil said:
So why were you close to go out of business a while back ? Was that a debt that was owed ?
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Me? I'm perfectly fine thanks.

Rangers' issue is an operating cost issue i.e. they spend approximately £1m per month more than they earn due to Charles Green's excesses when that numpty was in charge. That gap continues to get worse as the fans boycott to force a change so they need regular cash injections to continue trading.

Enter Mike Ashley with his pay day loans while he takes security over everything, 75% of the retail company, Ibrox stuffed full of advertising hoardings that are not paid for, control of the board etc. etc.
 
Liverpoolphil said:
Ah right - so who is paying the operational costs right now ?
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Rangers. ;)









Cash from Ashley, that was allegedly available from other sources with less (alleged) caveats attached is paying the way at the moment. But taking the other offers would have meant certain board members losing their blazer and tie.......and that there was a bit of a stumbling block for those concerned.

It's just a bog standard messy power struggle for a small holding company that own a massive club being played out in the media. :)
 
ger147 said:
There were several other offers of short term assistance so I'm sure they would not have gone to the wall without Ashley.
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There was also an offer to buy the club outright as well.

Still, (as I've said previously on this subject) let's not let facts get in the way of the story. :)
 
Liverpoolphil said:
What other offers were available ?
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The so-called "three bears" offered the funds on a more preferential basis but refused to guarantee places on the board for summers and easdale so it was rejected in favour of Ashley. Ashley took control of Rangers retail, trademarks, Murray park all for a £2m loan.
 
So we're the other offers not accepted due to current directors worries of them losing their seats? Self preservation before the good of the club?

Mental
 
Val said:
So we're the other offers not accepted due to current directors worries of them losing their seats? Self preservation before the good of the club?

Mental
Click to expand...

On the surface of it, yes, that's what happened. One or two wanted to keep the club tie and blazer at any cost. Well, that's how the fans viewed it at least. Hence the rather rapid downturn in attendance at Ibrox.

I think if Ashley had perhaps come out and spoken to the fans, or at least made a statement of sorts with regard to his intentions it may have allayed any fears the support had/have.

Of course, he's under no obligation to do so and may have felt it could compromise the 'dual ownership/influence' issue. An issue that, strangely, never seemed to be an issue for the old Hearts / FBK Kaunas owner.
 
Don't think you will ever get Ashley come out and say anything to the media

Who are the three bears and who offered to buy the club outright ? Was that the Basketball club owner
 
Liverpoolphil said:
Don't think you will ever get Ashley come out and say anything to the media

Who are the three bears and who offered to buy the club outright ? Was that the Basketball club owner
Click to expand...

Dave King and his consortium.

Yep, the basketball club owner.

Apparently, there is another person interested in buying the club, some Indian fella involved in cricket (IPL?, Not sure). Not got round to looking into that one yet though.
 
So why was the basketball turned down ?

Has Dave King been involved in the club long ?
 
c1973 said:
Dave King and his consortium.

Yep, the basketball club owner.

Apparently, there is another person interested in buying the club, some Indian fella involved in cricket (IPL?, Not sure). Not got round to looking into that one yet though.
Click to expand...

The Indian guy is bigger crook than we've already got.
 
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