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The All New Sevco Back in Yer Bin Thread; Taking out the trash
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Topic Started: 29 Apr 2018, 04:24 PM (2,086,570 Views)
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shugmc
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21 Jun 2018, 05:54 PM
Post #9121
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- midfield general
- 21 Jun 2018, 02:36 PM
- baldecrunch
- 21 Jun 2018, 02:07 PM
- Dan1974
- 21 Jun 2018, 01:48 PM
Flanagan signed official now with them
I think we missed the boat there - He was excellent under BR at Liverpool but after that has been a shambles - Still think me might revive his career in Scotland
He's a carrot. Now he's a bigger carrot. eff him. This all effing day. Hun carrot
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Lobey Dosser
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21 Jun 2018, 06:03 PM
Post #9122
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- Gothamcelt
- 21 Jun 2018, 03:39 PM
Another day in court for Dodgy Dave. Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/ Old news mate, that was Tuesday.
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Darth Balls
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21 Jun 2018, 06:56 PM
Post #9123
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- Lobey Dosser
- 21 Jun 2018, 06:03 PM
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- 21 Jun 2018, 03:39 PM
Another day in court for Dodgy Dave. Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/
Old news mate, that was Tuesday. anyone know what they were wanting and the outcome
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bigkev
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21 Jun 2018, 07:01 PM
Post #9124
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Retired and now a BT Sports pundit
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- Darth Balls
- 21 Jun 2018, 06:56 PM
- Lobey Dosser
- 21 Jun 2018, 06:03 PM
- Gothamcelt
- 21 Jun 2018, 03:39 PM
Another day in court for Dodgy Dave. Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/
Old news mate, that was Tuesday.
anyone know what they were wanting and the outcome I think they want him to respect the law of the land that is reigned over by yon wummin the sevconians sing about who also has a big hole in her peasant tax bag thanks to her disloyal subjects.
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Asgardstreasure
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21 Jun 2018, 07:14 PM
Post #9125
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- RodgersRevolution
- 21 Jun 2018, 05:25 PM
- baldecrunch
- 21 Jun 2018, 02:07 PM
- Dan1974
- 21 Jun 2018, 01:48 PM
Flanagan signed official now with them
I think we missed the boat there - He was excellent under BR at Liverpool but after that has been a shambles - Still think me might revive his career in Scotland
He did well towards the end of that season because Rodgers did everything possible to accommodate for his pishness - his only responsibility was to tackle whoever had the ball closest to him - as a result, he did an alright job and was praised to the heavens as 'just doing a job' was an amazing feat for a player of his limited capabilities. Much like Barton and Alves (and Gerrard), there's a reason he's going to Sevco and not anyone else. Any agent worth his salt would have put the feelers out at Celtic before the deal was done For the foreseeable future, we'll get first dibs on players coming to Scotland, except the diehard hun types and they're all pish
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paulfg42
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21 Jun 2018, 10:17 PM
Post #9126
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Fiat justitia ruat caelum
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f he can’t find a job as a footballer somewhere, he could always find employment as a device to put by a lit fire to keep children away from the hearth.
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Pussyfoot
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22 Jun 2018, 01:06 AM
Post #9127
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Raman tweeting that STV believe Dorrans may have aggravated his dodgy ankle and is being jetted home for scans to assess the damage.
Within minutes Chris Jack and the King acolytes now advising that he's being flown home for a scheduled scan.
It appears that every story must be twisted to suit what the zombies need to hear
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Auldyin
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22 Jun 2018, 01:10 AM
Post #9128
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- johnny88
- 21 Jun 2018, 04:49 PM
- Gothamcelt
- 21 Jun 2018, 03:39 PM
Another day in court for Dodgy Dave. Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/
Rangers International Football Club plc or The Rangers Football Club Ltd I know these 2 weren't what today was about but these 2 also need to be sorted out, King is the owner of RIFC which has absolutely no legal bearing on the Club currently registered to play in Scotland. You might find the detail accessible from this SFM post of interest.
https://www.sfm.scot/to-comply-or-not-to-comply/?cid=175032
Like Andy Goram there appears to be two "Rangers".
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Tam Haas
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22 Jun 2018, 06:51 AM
Post #9129
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- Pussyfoot
- 22 Jun 2018, 01:06 AM
Raman tweeting that STV believe Dorrans may have aggravated his dodgy ankle and is being jetted home for scans to assess the damage. Within minutes Chris Jack and the King acolytes now advising that he's being flown home for a scheduled scan. It appears that every story must be twisted to suit what the zombies need to hear Every pre season, we are subjected to the same babble about how great every new signing will be.
I seem to recall “Dozza” was going to Be the best midfielder in the league, put Broonie in his place, etc.
The Huns are simply incapable of waiting until a ball is kicked before mouthing off ha ha ha
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Darth Balls
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22 Jun 2018, 07:04 AM
Post #9130
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- Auldyin
- 22 Jun 2018, 01:10 AM
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- 21 Jun 2018, 04:49 PM
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- 21 Jun 2018, 03:39 PM
Another day in court for Dodgy Dave. Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/
Rangers International Football Club plc or The Rangers Football Club Ltd I know these 2 weren't what today was about but these 2 also need to be sorted out, King is the owner of RIFC which has absolutely no legal bearing on the Club currently registered to play in Scotland.
You might find the detail accessible from this SFM post of interest. https://www.sfm.scot/to-comply-or-not-to-comply/?cid=175032 Like Andy Goram there appears to be two "Rangers". King is majority shareholder of holding company of club, the holding co is solely for the purpose of owning the club and has a contractual relationship with the club.
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bigkev
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22 Jun 2018, 07:06 AM
Post #9131
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Retired and now a BT Sports pundit
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- Tam Haas
- 22 Jun 2018, 06:51 AM
- Pussyfoot
- 22 Jun 2018, 01:06 AM
Raman tweeting that STV believe Dorrans may have aggravated his dodgy ankle and is being jetted home for scans to assess the damage. Within minutes Chris Jack and the King acolytes now advising that he's being flown home for a scheduled scan. It appears that every story must be twisted to suit what the zombies need to hear
Every pre season, we are subjected to the same babble about how great every new signing will be. I seem to recall “Dozza” was going to Be the best midfielder in the league, put Broonie in his place, etc. The Huns are simply incapable of waiting until a ball is kicked before mouthing off ha ha ha Pre season is Hun fun time.
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johnny88
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22 Jun 2018, 07:08 AM
Post #9132
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- Auldyin
- 22 Jun 2018, 01:10 AM
- johnny88
- 21 Jun 2018, 04:49 PM
Quoting limited to 3 levels deep Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/
You might find the detail accessible from this SFM post of interest. https://www.sfm.scot/to-comply-or-not-to-comply/?cid=175032 Like Andy Goram there appears to be two "Rangers".
King is majority shareholder of holding company of club, the holding co is solely for the purpose of owning the club and has a contractual relationship with the club. I understand that 100% but football players play for football clubs, not companies and also all and everything is incorporated as one. RIFC or King have no legal standing with the SFA/SPFL
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15not25
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22 Jun 2018, 07:11 AM
Post #9133
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- bigkev
- 22 Jun 2018, 07:06 AM
- Tam Haas
- 22 Jun 2018, 06:51 AM
- Pussyfoot
- 22 Jun 2018, 01:06 AM
Raman tweeting that STV believe Dorrans may have aggravated his dodgy ankle and is being jetted home for scans to assess the damage. Within minutes Chris Jack and the King acolytes now advising that he's being flown home for a scheduled scan. It appears that every story must be twisted to suit what the zombies need to hear
Every pre season, we are subjected to the same babble about how great every new signing will be. I seem to recall “Dozza” was going to Be the best midfielder in the league, put Broonie in his place, etc. The Huns are simply incapable of waiting until a ball is kicked before mouthing off ha ha ha
Pre season is Hun fun time. Correct. It’s the most successful time of the year for them, along with the winter break.
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tomtom
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22 Jun 2018, 07:38 AM
Post #9134
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First name on the team-sheet
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- Darth Balls
- 22 Jun 2018, 07:04 AM
- Auldyin
- 22 Jun 2018, 01:10 AM
- johnny88
- 21 Jun 2018, 04:49 PM
Quoting limited to 3 levels deep Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/
You might find the detail accessible from this SFM post of interest. https://www.sfm.scot/to-comply-or-not-to-comply/?cid=175032 Like Andy Goram there appears to be two "Rangers".
King is majority shareholder of holding company of club, the holding co is solely for the purpose of owning the club and has a contractual relationship with the club. He's not the majority shareholder
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Darth Balls
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22 Jun 2018, 08:01 AM
Post #9135
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- johnny88
- 22 Jun 2018, 07:08 AM
- Darth Balls
- 22 Jun 2018, 07:04 AM
- Auldyin
- 22 Jun 2018, 01:10 AM
Quoting limited to 3 levels deep Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/ https://www.sfm.scot/to-comply-or-not-to-comply/?cid=175032 Like Andy Goram there appears to be two "Rangers".
King is majority shareholder of holding company of club, the holding co is solely for the purpose of owning the club and has a contractual relationship with the club.
I understand that 100% but football players play for football clubs, not companies and also all and everything is incorporated as one. RIFC or King have no legal standing with the SFA/SPFL Sevco rangers football club is a company
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smudgethecat
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22 Jun 2018, 08:08 AM
Post #9136
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The psychological damage Scott Brown has done to the hun support is something else. No matter what subject, they'll turn it round to someone sorting out SB. I've always thought this attitude - trying to get all their players acting like hard men when they're not, leads to injuries for them.
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Asgardstreasure
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22 Jun 2018, 08:11 AM
Post #9137
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Retired and now a BT Sports pundit
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- Auldyin
- 22 Jun 2018, 01:10 AM
- johnny88
- 21 Jun 2018, 04:49 PM
- Gothamcelt
- 21 Jun 2018, 03:39 PM
Another day in court for Dodgy Dave. Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/
Rangers International Football Club plc or The Rangers Football Club Ltd I know these 2 weren't what today was about but these 2 also need to be sorted out, King is the owner of RIFC which has absolutely no legal bearing on the Club currently registered to play in Scotland.
You might find the detail accessible from this SFM post of interest. https://www.sfm.scot/to-comply-or-not-to-comply/?cid=175032 Like Andy Goram there appears to be two "Rangers". But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share.
Applying the law to sevco is going "too far"
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Tam Haas
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22 Jun 2018, 08:13 AM
Post #9138
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- 15not25
- 22 Jun 2018, 07:11 AM
- bigkev
- 22 Jun 2018, 07:06 AM
- Tam Haas
- 22 Jun 2018, 06:51 AM
Quoting limited to 3 levels deep
Pre season is Hun fun time.
Correct. It’s the most successful time of the year for them, along with the winter break. Their 2 new defenders have been described as the new Lovren & Stones.
Somehow MSM found people to say this.
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Gothamcelt
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22 Jun 2018, 08:16 AM
Post #9139
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Retired and now a BT Sports pundit
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Rangers PR team working overtime, "one of the world’s biggest clubs" and "in about 11 months’ time it will have seen us have a very successful campaign".
Season aims Rangers coach Michael Beale reveals Steven Gerrard has laid down targets to his players for his first season The Light Blues are in Spain for a pre-season training camp as Gerrard and Co ready the players for the new campaign
Spoiler: click to toggle By Alan Potts MICHAEL BEALE insists Steven Gerrard wants to make sure the Rangers players have fun at work. The new Ibrox first-team coach believes creating an enjoyable work environment will help bring success on the park. The former Chelsea, Liverpool and Sao Paulo coach has been impressed with how the squad have adapted to the new regime. Beale refused to reveal what their targets are for the season, but he says that doesn’t mean the players don’t know them. He said: “Football is a simple game and I think as a staff we have to make it simple and fun. “You are working for one of the world’s biggest clubs so we are in a privileged position and it is important we remember that. “What we are trying to do is theme each day so we give them one or two messages each day. We don’t want to race ahead, this is a period of time where we lay strong foundations. “We are improving our mentality and standards as a group, our understanding of each other, our physical and mental fitness. Diet and nutrition, we are controlling that and slowly but surely we are pulling the team together. “There will be incomings and outgoings pretty much every other day, but that will calm down over the coming weeks. “We are building strong foundations now so in about 11 months’ time it will have seen us have a very successful campaign. “I don’t think anyone is shouting out high aims but that doesn’t mean in house we aren’t setting them. “I don’t think things could have gone any better. Everything is so positive and new and the players are on their best behaviour.” Speaking to Rangers TV, he added: “Everyone at the club has been fantastic on and off the pitch. “I couldn’t be happier and having experienced other clubs I feel right at home here and that is a good sign.” https://www.thescottishsun.co.uk/sport/football/2820642/michael-beale-steven-gerrard-rangers-targets-laid-down-players-first-season/
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johnny88
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22 Jun 2018, 08:21 AM
Post #9140
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Quoting limited to 3 levels deep Dave King in new court proceedings over failure to make £11m Rangers shares bidMartin Williams @Martin1Williams Spoiler: click to toggle REGULATORS have brought fresh legal action over the failure by Rangers chairman Dave King to make a judge-ordered £11 million bid for most of the club’s shares. It has emerged that representatives of the Takeover Panel were in the Court of Session on Tuesday in a private session in front of Lord Doherty as the impasse over the issue continues. Last month the Takeover Panel was granted a court order which forbid any attempt by Mr King's South African-based Laird Investments (Proprietary) Limited from making the mandatory offer to thousands of shareholders without a third party confirming that the funds to support it are there. The Rangers chief who says he has the funds in South Africa rather than the UK has since accused the Takeover Panel of “bullying” while confirming the club hoped to raise £6 million of fresh capital from a share issue “before June”. The Rangers chief has already been told that he is in breach of takeover rules by failing to make the shares bid by a deadline of April 26. Rangers International Football Club plc stated in early May that it understood that the funds for the offer are there and that Laird was seeking South African government approval to allow the money for the offer to be transferred to the UK. Lord Carloway at the Court of Session dismissed an appeal in March forcing a bid for 70 per cent of the shares to be made after agreeing that Mr King and others acted together to force their way into the Ibrox boardroom three years ago and ousting a board of directors said to be allied to Sports Direct founder Mike Ashley. That meant under the code of takeovers and mergers, an offer should be make to all other shareholders at the highest price paid in the 12 months before the offer was announced. It came after the Takeover Panel originally decided that a formal takeover should have been triggered after the Three Bears group led by Mr King secured more than 30 per cent of the voting rights in Rangers. It is understood that no decision was made at the Thursday hearing which is understood to relate to having an order in relation to Section 955 of the Companies Act 2006. Section 955 provides a route for the Panel to apply to the court to enforce requirements as well as requests for documents and information. The Panel can make an application where there is reasonable likelihood that a person will contravene a requirement imposed. But it is not normally expected that the court would rehear substantively the issues giving rise to the original ruling. On April 24, the Takeover Panel received "certain orders" which were aimed firstly to ensure that the bid is made while supported by actual funding making it Takeover Code-compliant, and secondly to ensure that no offer is made to shareholders without that money. The move came after the panel said an initial share bid announcement by Mr King did not comply with the Takeover Code, as it was not supported by cleared funds. Mr King's Laird firm had said in the March 29 announcement that the bid would be funded "using the receipt of dividends" amounting to £13,074,842.90 which was "to be declared on April 4". Mr King had gone through a lengthy battle through through the courts to stave off pressure to buy the shares fearing the heavy financial toll it would place on him. During an October hearing, Mr King's advocate Lord Davidson of Glen Clova QC argued that the Rangers chief "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless." Under Takeover Code rules, a written offer to shareholders had to be made within 28 days of Laird making the bid announcement on March 29 - but it is still not forthcoming. A letter by John Bennett, the chairman of an "independent directors" group of Rangers International Football Club plc on April 4 to shareholders agreed that the original Laird announcement had not been "cash confirmed" and said that "this will be addressed promptly" after April 4. He said that the bid announcement was expected to be followed by the actual offer to shareholders "no later than 26th April, 2018". Mr King claims the Takeover Panel had "changed the requirement" in insisting funds were held in the UK and said at the beginning of May: "I'll need time to comply." He added: "You can’t ask me to do it, get my acceptance to do it and not give the extension to comply. That’s absurd.” The King-led takeover group – which included Park's Motor Group founder Douglas Park, Rangers Supporters Trust and Rangers First member George Taylor and Rangers fan George Letham – had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015. But the Takeover Appeal Board (TAB) last year said that " the case for concluding that... Mr Letham and Mr King, at least, were acting in concert in purchasing the relevant shares becomes overwhelming". In December Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with other shareholders when he bought a controlling stake in 2015. But Mr King argued that a judge went "too far" in ordering him to make a mandatory offer at a price of 20p a share. Lord Carloway on March 1 announced that a fresh appeal would be refused. Lord Bannatyne in a previous hearing said that Mr King's argument that he did not have the funds to make the offer was "irrelevant". http://www.eveningtimes.co.uk/news/16305959.Ibrox_chief_in_new_court_proceedings_over_failure_to_make___11m_Rangers_shares_bid/ https://www.sfm.scot/to-comply-or-not-to-comply/?cid=175032
I understand that 100% but football players play for football clubs, not companies and also all and everything is incorporated as one. RIFC or King have no legal standing with the SFA/SPFL
Sevco rangers football club is a company Club/Company incorporated, yes. RIFC hold no legal footballing role.
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