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Rangers are Rocking; Scottys Financial insight inside.


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How did the trademarks get fully assigned three weeks after they got rid of the old board. I guess the rangers fans will be hoping this was done before they old board were removed and that it took some time to process, because if it was done by the new board...

What this means is that RFC will have to pay Ashley to use their own Mike Ashley's badge.

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Rangers say they are investigating claims that Newcastle United owner Mike Ashley has taken control of the Scottish Championship club's badges.

The IPO site confirms the transfer from Rangers Football Club Ltd to Sports Direct was fully assigned on 25 March.

That was less than three weeks after former chief executive and Ashley ally Derek Llambias and finance director Barry Leach, a former Sports Direct executive, were removed at a general meeting called by King.

Interim chairman Paul Murray announced two days later that the new board had held "no discussions with Mike Ashley or Sports Direct".

http://www.bbc.com/sport/0/football/32244625

Remember the clowns on here saying how Ashley would be good for rangers? Think they were the same people slagging off the new board before they got in and accusing directors on the new board of questionable business conduct. Strangely silent when it comes to stuff like this though...
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Remember the clowns on here saying how Ashley would be good for rangers? Think they were the same people slagging off the new board before they got in and accusing directors on the new board of questionable business conduct. Strangely silent when it comes to stuff like this though...

I think most of us are still at the wait and see stage Brucie.

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Remember the clowns on here saying how Ashley would be good for rangers? Think they were the same people slagging off the new board before they got in and accusing directors on the new board of questionable business conduct. Strangely silent when it comes to stuff like this though...

A billionaire businessman in charge, who has a track record at another club, or a convicted felon who was on the board of a club that went into admin - I really can't see how anyone would have a problem choosing

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I think most of us are still at the wait and see stage Brucie.

People on here were saying "why wouldn't you want Ashley in charge? He runs a football club well ". Since then it has emerged rangers have a virtual penalty for promotion in relation to the loan deals with Newcastle and sports direct have acquired ownership of ip in return for, well, prima facie, nothing. And those are just the outlandish deals his board appointments entered into.

Clearly Ashley has exerted influence that is not in rangers best interests. People are quick to criticise king, for example (and rightly so), but the same people are oddly silent when it comes to Ashley's unacceptable business conduct.

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Since then it has emerged rangers have a virtual penalty for promotion in relation to the loan deals with Newcastle

IF rangers manage to get promoted, the boy Vuckic could have played a large part in that - what's he scored for you? 5?

Promotion would be worth more than £500k to your lot i'm sure

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People on here were saying "why wouldn't you want Ashley in charge? He runs a football club well ". Since then it has emerged rangers have a virtual penalty for promotion in relation to the loan deals with Newcastle and sports direct have acquired ownership of ip in return for, well, prima facie, nothing. And those are just the outlandish deals his board appointments entered into.

Clearly Ashley has exerted influence that is not in rangers best interests. People are quick to criticise king, for example (and rightly so), but the same people are oddly silent when it comes to Ashley's unacceptable business conduct.

It's been made clear to Ashley that:

1. He wont be able to increase his shareholding in Rangers

2. The Rangers fans loathe him and want him gone

In those circumstances, why would you expect Ashley to do anything other than fvk you over?

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Dear oh dear...

Has it been confirmed it was actually the old board and not the new? It has happened 3 weeks after they were removed.

Assuming it was the old board there could be an innocent explanation for this transfer. But I am enjoying the rage so I'll not tell you now.

As for Ashley v King. I would have had Ashley as owner every damn time. So relieved the fans hate him. No idea how he planned on getting around the two clubs ownership ban but. Could well be he is just raiding RFC for fun but I honestly doubt that. RFC is small potatoes for him, really small. King on the other hand I would have nothing to do with financially as an investor. Time will tell with King but as starts go it is either incompetent and / or dishonest already. This period reminds of when Whyte first took over.

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I'm not sure anyone claimed Ashley would be good for Rangers?

Several, myself included speculated that he could be good for Rangers.

It may prove we were wrong?

You're a reasonable poster, but there were several others advocating Ashley.

It seems that corporate morals only relate to tax issues. If anything, this is a classic instance where an SFA member has been victim of questionable dealings (presumably by club directors). Quite amusing when you contrast the faux outrage from others as to kings history.

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People on here were saying "why wouldn't you want Ashley in charge? He runs a football club well ". Since then it has emerged rangers have a virtual penalty for promotion in relation to the loan deals with Newcastle and sports direct have acquired ownership of ip in return for, well, prima facie, nothing. And those are just the outlandish deals his board appointments entered into.

Clearly Ashley has exerted influence that is not in rangers best interests. People are quick to criticise king, for example (and rightly so), but the same people are oddly silent when it comes to Ashley's unacceptable business conduct.

Unacceptable to who?

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Ha. Anyone see this.

Billionaire Mike Ashley's Sports Direct International has been challenged in Parliament about how the firm is run.

Now his firm's handling of the collapse of one of its businesses, fashion chain USC, is also under scrutiny, being described at the Scottish Affairs Committee as "well dodgy".

Well dodgy

Perhaps even more controversially USC hasn't shut up shop. Almost immediately after it went into administration the fashion retailer was bought by another part of Mr Ashley's business empire, through a so-called pre-pack administration, and is trading again. But with less debt, according to MPs. (ooooohhh that is shocking! :-)) )

Conservative Simon Reevell told the Scottish affairs committee: "Sports Direct had a company that was losing money, they now have the same company where the debt liability that had been incurred has gone." (whaaaaaat?!)

"At one level, to use a technical phrase, this all looks well dodgy," he added.

The committee chairman, Labour's Ian Davidson, lamented how the process left the taxpayer "done over" in having to meet redundancy costs and unpaid taxes. (this sounds familiar)

Dr Hellawell countered that by saying the company had paid more than £1.3bn in tax to date. :-)) Just the 1.3 bn then....

Fatter margins

To be sure, Mr Ashley has built a very clever business model. As well as owning stores, Sports Direct owns rights to popular brands such as Slazenger, Dunlop and Lonsdale. Good margins on these products mean he can afford to sell big brand products from the likes of Nike and Adidas at a greater discount than competitors, luring in shoppers.

http://www.bbc.co.uk/news/business-32144206

Guess that last bit could explain the recent RFC trademark transfers. He sells your branded merchandise in his stores takes all the margin and does not owe you any royalty even.

Hostile article but funny all the same.

edit: RFC 1899 went under for all the reasons it did we do not need to rake over them again but IMHO RFC 2012 will go under because it has been contractually gutted like a fish. I think who ever 'owns' it will sooner or later have to collapse it to escape all the contracts that make it a perpetual financial basket case or pay a very heavy price to get out from under them.

Edited by thplinth
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