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Rangers are Rocking; Scottys Financial insight inside.


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Rangers First have reached their first objective of securing 1.1m shares and are now the 12th largest shareholder. There are now close to 8000 active contributors to the scheme. The RST also have 1m shares secured and now have 5300 active members. This is the underlying good news story.

Edited by EddardStark
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Keith Jackson: Banned AGAIN but Craig Whyte couldn't ban us from Ibrox and neither will Gers board

IT was not the 2012 insolvency that disfigured Rangers, writes KEITH, but the behaviour of those who were supposed to be nursing it back to health.

THE temptation is to be grateful for small mercies.

At least the reporters of Record Sport have been officially spared from any more awkward Ibrox moments as for some time now covering the decline of Rangers Football Club has felt like a gross intrusion on someone else’s grief.

A club which was contesting in a European final less than seven years ago has been dying on its feet since the end of 2010, or whenever it was that Sir David Murray first stared into Craig Whyte’s ever widening eyes.

The rapid decline of Rangers, since that very day, has become the most unedifying sight in the history of Scottish sport, even though there have been no shortage of rivals who relished, sometimes understandably, often ghoulishly, in every moment of their misery.

This is a club which has been mutilated beyond all recognition and not just because of the deep scars which came with the horrors of administration and then liquidation.

No, it was not the insolvency of 2012 which disfigured Rangers so badly. Rather it has been the grotesque behaviour of those who were meant to be nursing it back to health.

Even as it was being carried back from beyond it was also having its pockets emptied by a pair of big Yorkshire hands.

For four years now it has suffered internal abuse on an almost daily basis. It has been kicked by its various owners and their cohorts so many times that, today, it sits cowering in a corner waiting for its next beating.

On the pitch and off it, Rangers have been robbed of any sort of decency or class. It has regressed into a quivering wreck of a football club and the current regime are as guilty as any other for its current sorry state.

The truth is Rangers have not had a board of directors which has been even remotely fit for purpose since Whyte first slid over the threshold in his little pointy shoes.

Throughout it all, this newspaper has – without fear or favour – consistently exposed what has really being going on behind those old famous front doors when other newspapers have often found it easier to turn a blind eye.

Yes, to this day we are reminded of the banner ‘billionaire’ headlines with which Whyte was first announced onto the scene, some five months before he finally took control in May of 2011. And that’s no bad thing. In fact, we remind ourselves of them on a daily basis and hold them up as embarrassment this paper must never repeat.

That is why, long before Whyte’s buy-out was completed, Record Sport was warning of potential turmoil ahead if the deal was indeed completed. It’s why, less than two months after he was in power, we first wrote about the mortgaging of season tickets which was financing his regime. We were banned for that one, too.

It took a further six months of investigations to come up with the final irrefutable proof that our story was correct. On January 31, 2012 we revealed the full extent of that deal with Ticketus. Even then Whyte attempted to deny it. Two weeks later Rangers were in the hands of administrators Duff and Phelps.

We questioned their appointment on day one and suggested a conflict of interest.

When Charles Green was then handed the keys to the club we exposed all manner of scandals including Jeremy Beadle style video tapes, eye watering financial mismanagement and a mind blowing boardroom bonus culture.

We uncovered the deal to sell the stadium naming rights of Ibrox to Mike Ashley for just a single pound and told also how the Sports Direct magnate wanted control of everything from the retail division to the club’s badges.

Make no mistake, we pride ourselves on each and every one of these revelations. The Daily Record has led the way when others were offering up editorial sanctuary to almost every charlatan in the saga.

Last year we published photographic proof of a city centre meeting between current director Sandy Easdale and a man on Interpol’s most wanted list.

Witness the rise and rise of Mike Ashley:

And on Monday we revealed links between the same man, Rafat Rizvi, and Indian cricket tycoon Lalit Modi – the convicted cocaine carrier and kidnapper who has been in discussions with Easdale about launching a possible buy-out.

In our news pages yesterday we also revealed the shareholders’ summit which might finally bring this chaos to an end, might not go ahead at the London venue which the board said had been secured in an announcement to the London Stock Exchange.

It was this story which embarrassed the current Rangers regime into banning the Daily Record from Murray Park and Ibrox. In a letter to editor Murray Foote, chief executive Derek Llambias said: “Following recent reporting from your journalists in the Daily Record, I am writing to inform you that with immediate effect the Daily Record newspaper will be banned from attending all Rangers press conferences and games at Ibrox Stadium and Murray Park.”

That Llambias did not offer any detail as to the specific reason for this action seemed somewhat strange.

Within an hour or so, however, Rangers confirmed on their own website that the egm would not be going ahead, as they had promised to the stock exchange, at Kensignston’s Millennium Gloucester Hotel.

There was a hamfisted attempt to blame the media in general for this cancelation but, in fact, the Record had merely reported the truth. Just as we did back in July 2012, when Whyte reacted in exactly the same way.

Banned for telling the truth? This newspaper can live with that. In fact, we may even wear it as a badge of honour as it proves beyond all doubt that we are holding up our end of the bargain and at least providing the Rangers support – as well as the rest of the Scottish game and, yes, even the stockmarket regulators in London – with definitive proof that the people in charge of that club are simply not fit for purpose.

Our reporters may not be welcome inside Ibrox or Murray Park. But if Llambias, chairman David Somers or the Easdale brothers think that will keep us from uncovering the truth, then once again they have called it spectacularly wrong.

Let’s face it, it wouldn’t be the first time.

http://www.dailyrecord.co.uk/sport/f...-craig-5135419

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Rangers First have reached their first objective of securing 1.1m shares and are now the 12th largest shareholder. There are now close to 8000 active contributors to the scheme. The RST also have 1m shares secured and now have 5300 active members. This is the underlying good news story.

So despite being "The People" and claiming to be one of the best supported clubs in the world, Rangers have less folk in their fan ownership scheme than the Foundation of Hearts?

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Maybe they should move the gig to a venue in Manchester? Oh right.

Going to struggle to find a venue now without spending big time of insurance and security. And even then I would not accept them as a booking. Way too much grief dealing with that lot of banjos. Maybe rent a farmer's field somewhere? Surely they could not destroy a field?

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Rangers First have reached their first objective of securing 1.1m shares and are now the 12th largest shareholder. There are now close to 8000 active contributors to the scheme. The RST also have 1m shares secured and now have 5300 active members. This is the underlying good news story.

oh Eddard if only they had started this 3 years ago.

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So despite being "The People" and claiming to be one of the best supported clubs in the world, Rangers have less folk in their fan ownership scheme than the Foundation of Hearts?

But don't they have quite a few different 'fan ownership' groups?

I dunno what their total figures are.

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oh Eddard if only they had started this 3 years ago.

That's my main issue with all these Rangers fans feeling sorry for themselves.

They fawned over e every crook under the sun over the past few years, mainly because they were told what they wanted to hear.

From the outside you could see they were being taken for a ride but very few Rangers fans wanted to believe it. They were quite happy to see them play the big club and throw thousands a week at mercenaries.

There were plenty threads on here about 2 years ago warning about chuck green but naw, we were assured it was all parts of the "end game".

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But don't they have quite a few different 'fan ownership' groups?

I dunno what their total figures are.

individual fans plus organised groups probably account for 3%. If you accept King,Park, Murray ,Letham, Taylor ,Smith and McCoist in that group then this takes us to 40%. King believes he has the votes to get us over the line. Edited by EddardStark
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So despite being "The People" and claiming to be one of the best supported clubs in the world, Rangers have less folk in their fan ownership scheme than the Foundation of Hearts?

its a fair point but I am sure there are differences in both that maybe someone can explain. Fan ownership is still a new thing. But its catching on. RST and RF will increase their stake over the next few months.
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its a fair point but I am sure there are differences in both that maybe someone can explain. Fan ownership is still a new thing. But its catching on. RST and RF will increase their stake over the next few months.

Aye, I was being arsey, my apologies.

It just frustrates me a bit that on the whole (not every fan) Rangers fans seemed to wait for a white (whyte, even) knight to come in and save their club. Then have pops at the SFA/other clubs for wronging Rangers. When they could have got off their arses, mobilised and attempted something similar to Hearts.

But I'm going off at a tangent, ignore me.

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There is 25% unknown in terms if voting intentions. There will be a fair few rangers fans in that number. Big campaign ongoing to proxy their votes to RF and RST.

Ashley's probably bought them all under assumed names.

You'll see him voting at the EGM with a wide variety of hats, glasses and false noses on.

Edited by biffer
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You can't stand it but you'll post on the thread? Look up irony in the dictionary, the definition has your face next to it.

I don't like the weather sometimes or if someone made me a sh£te cup of tea but that's not going to make me not comment on it. Besides this is now my 3rd comment on this 200 odd page thread all made in the last 24hrs.

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How much % is Ashley's block (i.e. shareholders who have voted and will vote with him)?

So in Team Ashley we have:

Ashley 9%

Kray Twins 26%

Total 35%

King & Triple H have:

Total about 34% combined.

Leaving approximately another third of which we are told most (25% out 31%) are undecided.

Were the institutional investors not about 19% alone?They alone could put Ashley (or less likely King) past the winning post. The other fans are small timers and will not decide it I would think.

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So in Team Ashley we have:

Ashley 9%

Kray Twins 26%

Total 35%

King & Triple H have:

Total about 34% combined.

Leaving approximately another third of which we are told most (25% out 31%) are undecided.

Were the institutional investors not about 19% alone?They alone could put Ashley (or less likely King) past the winning post. The other fans are small timers and will not decide it I would think.

King and Triple H have about 34% however by the time you add in "supporters" to the likes of McCoist, Smith and fans groups I believe it takes them up to about 40 odd percent. Remember that some of those institutional investors (Artemis and Milton) sold a fairly substantial to tranche to King just recently and the majority of the rest of it is included in the Easdale Bloc.

There's about 20% unaccounted for which will obviously be key in deciding which way any vote goes. The STV website has a good "Who owns Rangers" section.

http://sport.stv.tv/football/clubs/rangers/305651-who-owns-rangers-our-detailed-breakdown-of-the-shareholders-at-ibrox/

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King and Triple H have about 34% however by the time you add in "supporters" to the likes of McCoist, Smith and fans groups I believe it takes them up to about 40 odd percent. Remember that some of those institutional investors (Artemis and Milton) sold a fairly substantial to tranche to King just recently and the majority of the rest of it is included in the Easdale Bloc.

There's about 20% unaccounted for which will obviously be key in deciding which way any vote goes. The STV website has a good "Who owns Rangers" section.

http://sport.stv.tv/football/clubs/rangers/305651-who-owns-rangers-our-detailed-breakdown-of-the-shareholders-at-ibrox/

Ahhh that is what I have been looking for, excellent.

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