What Happens Now?

Just been on Sky Sports that Ashley has been stopped from increasing his stake in Rangers by the SFA. This leaves the question as to what is he going to do now? Will he plough on and take on the SFA or will he walk away, whatever he does it is bound to have bearing on our club

 

I don't think he'll walk away from Rangers, he's got them by the balls in all the areas that matter. There is a massive danger it'll go a bit tits up for him, considering it's a heaping pile of ****e that just continuously haemorrhages money, but I doubt he'd lose much.

 

Think the simple answer to this is no one knows. As far as I'm aware Ashley has a hearing with the SFA on 27th January, think things will become more apparent after that.

 

Apparently one of the independant directors has been e-mailing ashley telling him both he and 2 of Ashley's puppets are in danger of being kicked off the board if the other offer of £16 m by Dave King is accepted. May be under investigation by Financial authorities as a result of his non independance.

 

I can't see what Ashley has done wrong really, it's more a case of the SFA placing restrictions upon him, as far as his investment in Rangers is concerned I don't see anything that is illegal in this, it is a business and he has not broken any laws relating to the conduct of a business. The SFA are playing upon the fact that that he owns another club, this however for football relates to another club that is effectively in another country and plays in a separate league and cup competitions from Rangers so there is no conflict at this level, the only time there would be a conflict would be in european competition and that is down to UEFA to deal with that not the SFA. Ashley could I suppose take legal action against the SFA if he wished, he may very well win a legal case as the SFA have previously allowed or let multi-club owners to operate in the Scottish Leagues, Rangers as a club needs serious and substantial investment, the other group touting a £16 million investment is nothing but a bandaid as this would only see them through next season and still leave them in a precarious financial situation, the only person on the horizon with the long term financial clout is Ashley.

Scottish football is at a serious crossroads here, if Rangers do not reclaim their place as the real opponents to Celtic the whole of Scottish football could see a fatal decline, the writing is on the wall as gates are down and even Celtic without the fierce rivalry of Rangers are suffering a fall in support, the SFA rather than fighting for their own good should be considering the future of the game in Scotland.

Merry Christmas

 

Another complication for Mike on the horizon it seems.


Rangers offered £6.5m lifeline by bus tycoon Donald Parks after SFA rejects Mike Ashley's attempts to increase his stake

• Donald Parks is fronting a new £6.5million rescue plan for Rangers
• The crisis-hit Ibrox outfit needs to find £8.3m before April 1
• SFA rejected Mike Ashley's attempts to increase his stake earlier this week

Read more: http://www.dailymail.co.uk/sport/football/article-2888521/Rangers-offered-6-5m-lifeline-bus-tycoon-Donald-Parks-SFA-rejects-Mike-Ashley-s-attempts-increase-stake.html#ixzz3N8Nk0OQp


Bus group tycoon Donald Parks is fronting a new £6.5million rescue plan for Rangers.
The crisis-hit Ibrox outfit needs to find £8.3m before April 1 or face another financial meltdown.
Now according to reports in several newspapers on Saturday morning, Parks has joined forces with wealthy Gers supporters George Letham and George Taylor to offer to underwrite a new shares issue.
The move could prove to be a lifeline for the club after the Scottish Football Association announced on Christmas Eve that it had rejected Newcastle owner Mike Ashley's attempts to increase his involvement with the League One champions.

Hampden chiefs have been informed of the offer, which would see Park's consortium buy all 40,739,000 shares set to be issued after the board won a vote at last week's AGM giving it the right to raise new equity.
Parks, founder of the successful Park's Motor Group, is reported to have a personal fortune of around £78m. He was part of the Blue Knights consortium which tried to save the club from liquidation almost three years ago.
Letham, meanwhile, loaned the club £1m earlier this year to stave off another disaster, while Hong Kong-based Taylor bought a 3.2 per cent stake just last month.
The offer - which also includes a demand for two board seats - was lodged with chairman David Somers immediately after he presided over the stormy shareholder meeting last Monday. With Ashley's attempts to boost his stake in Rangers from 8.92 per cent to 29.9 per cent set to be blocked by the SFA, the club now face three choices.

They could accept the Park consortium's offer, or instead turn to the rejected £16m investment plan lodged by former old co-director Dave King in October, which remains on the table. Alternatively, they could challenge the SFA's stance on Ashley through the courts and risk further punishment from the governing body in the meantime.
But the Parks group have already gone on the attack, criticising the decision by Ashley and Sandy Easdale - the football board chairman who controls around 26 per cent of the club through shares and proxies - to reject resolution nine at the AGM.
The motion would have given the club the right to have issued shares without first offering them to existing shareholders but the vote went 55-45 against it.
Observers viewed that as an attempt by the board to keep any fresh investment in-house and a spokesman for the Parks group said: 'We find it disturbing that Resolution nine, which would have made it possible to issue shares for cash to new shareholders, failed to gain approval.

'Everyone knows the company is in dire need of fresh and significant investment and yet shareholders represented on the board decided to vote against investment from new shareholders.
'Presumably, they believed the SFA would clear the way for Mike Ashley to increase his holding but we now know that this was not approved. The SFA would have been aware there is a credible alternative and we would like to make sure the fans are aware of that, too.
'Our offer was based on Resolution nine being passed, but this was blocked. However, as existing shareholders we still believe it should be possible for us to gain a significant holding and are ready to invest in a new share issue.
'Our money is in place, proof of funding has been shown to the chairman and the company's nomad. We are trying our best to do what is right for Rangers and the supporters.
'Why on earth would anyone not want a hugely successful businessman like Douglas Park involved?'