Dirthy Filthy Hun Scumbag Vermin (deceased), liquidated & Green abondons ship

[baggy89]

Was the last time we qualified for a major tournament not when we were travelling round the country playing home fixtures?

 

Surely Georgia would have been an ideal game to take out of Glasgow to Edinburgh, Dundee, Aberdeen???

 

Agreed, although Dundee really would have to wait till we get drawn in a group with Romania...

[BobbyBiscuit]

Was the last time we qualified for a major tournament not when we were travelling round the country playing home fixtures?

 

 

Was that not just because Hampden was being re-done? e.g 97 & 98 Scottish Cup Finals were held at Sellick Park and Ibronx.

[tlg1903]

They are claiming approximately 17000 season tickets sold so probably a bit less. Even if that's accurate that's half of what they sold last season

 

Tick tock

[Jute]

I know we need to find alternate venues because of the CW games, but the SFA doing their best to bail out their favourites again

 

http://www.bbc.com/sport/0/football/27802276

 

Surely Georgia would have been an ideal game to take out of Glasgow to Edinburgh, Dundee, Aberdeen???

 

Game is a Saturday so there will still be over 25,000 at it so grounds in Dundee and Aberdeen would be to small. No reason it could not be Murrayfield though.

[Jute]

They are claiming approximately 17000 season tickets sold so probably a bit less. Even if that's accurate that's half of what they sold last season

 

Tick tock

 

Pretty sure the only reason their accounts were signed off was the auditors expected them to sell more season tickets than last season. Surely no trading insolvently.

[tlg1903]

You couldn't make this up

 

http://www.bbc.co.uk/sport/0/football/27854157

[tom_widdows]

Eastenders and Hollyoaks take note

 

A Rangers supporters' group has reacted angrily to former finance director Brian Stockbridge receiving a lucrative share option.

The Union of Fans believes he should not have received the stock, worth around £215,000.

The UoF also announced the closure of their Ibrox 1972 season ticket fund.

The decision was taken after the club's board refused to grant legal undertakings that Ibrox and Murray Park would not be used for loan security.

It was revealed in an announcement to the Stock Exchange that 714,285 shares were being issued after Stockbridge exercised a stock option that was part of his previous contract of employment.

Under the terms of his agreement, he was entitled to receive shares to the value of 2.5 times his annual salary - of £200,000 - with the amount of shares issued based upon the 70p valuation when Rangers International Football Club was launched on the Alternative Investment Market in December 2013.

At that price, 714,285 shares are worth £500,000, and Stockbridge only had to pay 1p per share as part of the agreement, effectively granting him a £214,000 bonus, based upon the current share price of 30p.

"The terms of Mr Stockbridge's share options entitlement were part of his contract of employment with The Rangers Football Club dated September 2012, as was agreed with the Charles Green consortium following the acquisition of the Rangers assets in June 2012," explained the club in a statement.

 

"The exercise price of the option shares to which Mr Stockbridge became contractually entitled in September 2012 was 1p per share. He has paid the exercise price to the company.

"The current board was legally compelled to issue the shares to Mr Stockbridge on these terms as it has no jurisdiction to amend, change or alter the share issue, whatever its opinion of this agreement - a legacy of the previous regime."

However, the UoF believe that the share option entitlement should have ended after the former finance director left the club in January 2014.

He had been the subject of a number of heated questions by shareholders at the AGM and chief executive Graham Wallace was critical of the previous running of the club in his business review.

"It is the current board's position that Brian Stockbridge was contractually entitled to these shares and it was therefore outwith their control. We reject this entirely," said UoF in a statement.

"That this board allowed a compromise agreement to be signed, on termination of Mr Stockbridge's contract, is a disgrace. His share option entitlement and any other financial benefit which Mr Stockbridge was due should have been removed as part of his contract termination.

"When a question was asked on this topic [at the AGM], the clear inference from (chairman) Mr (David) Somers was that this would not be an issue due to the option price of 70p, which at that time was almost twice the market value of the shares.

"Mr Somers gave the impression that the option would not be taken due to the drop in share value. At no point did either Mr Stockbridge or Mr Somers make it clear that this option could be exercised for 1p a share.

"Charles Green had a similar clause in his contract which entitled him to 1,028,571 shares. Can the board confirm whether this option was also allowed to remain following Mr Green's contract termination?"

 

The 1972 fund was launched to provide supporters with an alternative use for their season ticket money. The plan for the fund, backed by former captain Richard Gough and former director Dave King, was to only release the money to the board in return for season tickets if the directors provided legally binding undertakings that Ibrox and Murray Park would not be used for security against borrowings.

Despite a meeting with Wallace and other directors, and ongoing correspondence, no agreement could be reached, so the fund is to be disbanded and UoF are urging fans to only buy tickets on a game-by-game basis.

"Despite repeated attempts to engage with Graham Wallace and the board over the issue of a binding legal commitment not to sell or lease back Ibrox or Murray Park, we have been unable to come to any agreement.

"It seems the board are happy to continue to alienate the thousands of fans who have supported our efforts through the Ibrox 1972 fund.

"We are left with no option but to release all those who have supported the fund from their binding financial commitment. We urge fans not to give their money to this regime in a lump sum payment via season tickets and to support the team on a game-by-game basis."

[Kowalski]

HMRC loses appeal

 

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-28231598

[tom_widdows]

HMRC loses appeal

 

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-28231598

 

Bored of it now. Suspect the tax man will never win in this. Should they appeal and win the murray etc would appeal that and so on and so on.

 

Feel its time to take positives from this debacle

 

Punted them to the lower leagues for a few years

Only thing they won is league titles against teams of part timers who got to kick lumps out of them in the process. (Made all the more funny given their fans and the media were talking about winning quadruples)

 

Spectre of administration still hanging over them

Fans at war with the people in charge

 

Got a good few years of gentle burning to come too.

 

 

 

[BigAl]

http://www.dailyrecord.co.uk/sport/football/football-match-reports/ventura-county-fusion-3-rangers-3867330

 

 

MBT, Mentor.... as our Dons across the pond, have you even heard of the team they were playing 

 

See the Retard putting it pretty much all down to the standard of pitch the game was played upon 

[Madbadteacher]

Who?

 

 

(for both sides)

[Mentorred]

Never heard of them but according to Wikipedia they play in the USL Premier league which is the fourth tier of US football.

[Dandy_Don]

If only I'd have known, I'd have been there to give them abuse... only a couple of hours drive from mine!

[Jute]

If only I'd have known, I'd have been there to give them abuse... only a couple of hours drive from mine!

 

If Sacramento is close you have another chance to abuse them as they play Sacramento Republic on the 19th.

[Dandy_Don]

Unfortunately that's a lot further!

[Dandy_Don]

Some good laughs in here....

 

http://forum.rangersmedia.co.uk/index.php?showtopic=272116

[manc_don]

Some good laughs in here....

 

http://forum.rangersmedia.co.uk/index.php?showtopic=272116

 

Blocked at my office 

[Jute]

Currently drawing 1-1 with 10 man Hibs. Even commentators noted that when Huns were really struggling the ref stepped in to send a Hibs player off.

[Madbadteacher]

Currently drawing 1-1 with 10 man Hibs. Even commentators noted that when Huns were really struggling the ref stepped in to send a Hibs player off.

 

And they won.

 

Scottish football, eh?

[BobbyBiscuit]

Currently drawing 1-1 with 10 man Hibs. Even commentators noted that when Huns were really struggling the ref stepped in to send a Hibs player off.

 

Two very poor sides. Ian Murray saying Hibs have improved... aye, improved to pathetic.  If Hearts don't pump the two of them in the first two weeks of the season I'd be surprised.

[Nellie The Don]

http://www.bbc.co.uk/sport/0/football/28678687

 

Tick Tock

[mizer]

Rangers bid to raise £4m from shares after poor season ticket sales

 

Rangers have announced they are to press ahead with a proposed share issue which they hope will raise nearly £4m for the club.

 

The Championship side had previously revealed 43.4 million shares were available to be released to existing shareholders in the event fresh funding was required.

 

Rangers International Football Club plc announced the move to the London Stock Exchange on Wednesday but warned there was no guarantee shares would be bought up by existing investors.

 

In their business review in April, Rangers stated they would look to exercise their right to issue shares if sales of season tickets were "materially less than anticipated".

 

STV understands sales of season tickets currently sitting at just over 20,000, up marginally from the 17,000 which were renewed by existing ti

[tom_widdows]

From BBC

 

Rangers are facing a fresh financial crisis after failing to convince city investors to sign up to a new share issue, BBC Sport has learned.

The club issued a document to potential and existing investors with a view to raising up to £10m through an investment plan by the end of August.

However, they have so far failed to get the uptake they were looking for.

Investors were asked to buy in at around 25p per share - the current price is around 30p a share.

The presentation document, aimed at selling a stake in Rangers, highlights plans for the club to be financially sustainable by the end of season 2015-2016 through restructuring the business in a strategic three-year plan.

The paper also mentions "the significant revenue opportunity" that would come with the club being back at the top of Scottish football, and points towards potential revenue streams that would follow from competing in the Champions League.

A timetable of events within the document promises to reveal details on 25 July - but that deadline has now passed due to the lack of interest.

 

It was always the board's intention to raise more cash through a new share issue but it is understood the lukewarm response is causing concern at boardroom level.

As part of his 120-day review published in April, chief executive Graham Wallace said he would look at a new rights issue later in the year "when the climate will be better for us".

It now seems the board may have misjudged the mood in the city regarding Rangers as a business proposition.

The club's finances have been under the spotlight for some time and earlier this year the club secured short-term loans totalling £1.5m from shareholders Sandy Easdale and George Letham.

Those loans must be paid back by the end of August but questions are now being asked about the club's ability to meet that deadline.

The situation is reaching a critical stage as fans continue to vote with their feet and their wallets.

Supporters remain split over their backing of the board and it is understood less than 20,000 season tickets have been sold, compared to the 38,000 sold last year - figures that are adding further strain on finances.

The board will now pursue fund-raising alternatives, one option is to secure a new loan and launch a smaller share issue aimed at raising around £4m by the end of the year.

 

 

Those stones have finally been bled dry then?

[mizer]

[Kowalski]

Again, what the fuck were you searching for?