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    Comment on Accountability via Transparency. by Cluster One.

    Back in Feb 13, 2014 their stake was 0.86 per cent.
    ……….
    With 10.7% of the shares, Club 1872 is the 2nd largest shareholder in Rangers International Football Club PLC
    …………..
    Club 1872 will be diluted by the forthcoming debt for equity swap, but to 6.38% and not 4.05%
    …………….
    What goes up must come down. So not much hope of that hold 5 per cent with a right to call an AGM.
    https://mobile.twitter.com/ClusterOne2/status/1134566722084704256/photo/1
    ………………….

    Bruce Taylor: That is quite important because there will be future share issues and this is not just about raising capital on one occasion. It is about, as Rangers improve and the value of Rangers increases, there will be a need to subscribe more and invest more.

    We, as Club 1872, need to be a strong position to support each one of those share campaigns. We want to protect our members’ investments and donations and show our members that we can do that. That is an important part of Club 1872.
    HAVE YOU HAD ANY FEEDBACK FROM RANGERS WITH REGARDS TO HAVING A REPRESENTATIVE ON THE BOARD? HOW CONFIDENT ARE YOU THAT WILL HAPPEN?
    LF: The long-term goal has always been 25 per cent, plus one share. I think that supporters understand that fan representation and fan investment go hand in hand so those are our two key goals.
    ……………..
    It’s not going well then.

    Cluster One Also Commented

    Accountability via Transparency.
    Jingso.Jimsie 22nd June 2019 at 11:08
    9 0 Rate This

    Rather long piece by Martin Williams in the Herald about RIFC challenging Mr. Justice Persey’s findings:
    …………………….
    High Court judge Lionel Persey said he had “no hesitation” in rejecting Rangers’ approach over changing certain rights in their agreement.

    His judgment came as it emerged that the Rangers Megastore at Ibrox, which is run by Sports Direct as part of their agreement was shut down over a week ago.
    Mr Persey said Rangers wished to rewrite or amend some of the payment terms in the agreement but said: “There is no basis for it to do so unless SDIR agrees.”
    ………………
    That is a challenge right enough.
    …………..
    The club and SDIR had agreed that the Mike Ashley company does have the right to distribute, market, advertise, promote, offer for sale or sell the official Rangers kit under the further agreement. The ruling stated that Rangers objected to three of Sports Direct’s amendments based on that understanding. But Mr Persey said that he considered there was no substance to the objections.
    The duration of the contract was two years, commencing August 1, 2018.
    ……………………….
    Just how king can spin the latest to the gullibles to get them to run up the steps i can’t wait.
    https://mobile.twitter.com/ClusterOne2/status/1142511486369226754?p=v


    Accountability via Transparency.
    Corrupt official 21st June 2019 at 19:52
    If, and when….Celtic win 9 IAR I imagine the following season when Celtic are attempting 10, that would be the optimum time to put it to the fans to dig deep. ,
    …………………
    Dig Deep to stop 10 in a row slogan would be even too embarrassing for them to come out with. To do that would underline they are not equal to celtic but in their shadow,and it is not about the ibrox club going for their first title but all about the ibrox club stopping celtic going for ten.


    Accountability via Transparency.
    Thanks again to the court guys.laugh


    Recent Comments by Cluster One

    Resolution 12 & The Broken Bond
    StevieBC 11th December 2019 at 19:22
    Still think he’ll be gone before the end of January
    ……………..
    If results go against him in the next few weeks i believe he will be gone. And if results go against him, and he does go, who do the ibrox fans turn to for guidence?
    King the main focal point has departed into the shadows. Would Robertson or park welcome the attention? None seem to crave the limelight like king did.
    ………………..
    bect67 11th December 2019 at 20:54
    “Rangers would’ve gone on to win had the goal been chalked off for offside”
    …………………How does he know that? Celtic played better with ten men, maybe they could have gone on to win, Maybe if celtic had another shot on target they would have scored again, maybe if the ibrox club had another 100 shots on target the wall would have shut them out.
    I’m actually enjoying the all round squirming regarding the game.
    They know they will never get a better chance, that is why the cries from the four corners.
    …………………..
    paddy malarkey 11th December 2019 at 21:50

    I think the problem for a lot of TRFC fans is that in their heads , they’d already won the cup
    ………………………
    With a £50 mill striker what could go wrong.


    Resolution 12 & The Broken Bond
    So after a defeat by celtic and the ibrox club missing out on a lucrative money opportunity of their first major trophy, (and the prospect of going no further in europe) the ibrox club are said to be in talks to give some old players new deals and give Steven Gerrard a new contract. If this increase in wage bill starts in January?

    Have the ibrox club gone mad? Did they not read the accounts? Do they forget Mr Ashley is just round the corner? Do they remember Memorial walls?

    Or do the ibrox club see the monster coming over the hill and are trying to get the best compensation available for manager and players?


    Resolution 12 & The Broken Bond
    Rangers chairman Dave King’s status as “fit and proper” will be discussed by the Scottish FA at their next board meeting after he was sanctioned by the Takeover panel.
    …………
    Does anyone know if this was ever discussed?
    If it was, what was the outcome?
    Will the public be made aware of any conclusion to these discusions?


    Resolution 12 & The Broken Bond
    Out and about at the moment, Seen the final in a Bar that was more one side than the other. The more side were very vocal in their determination to win (I believe like me they must have realised this would have been their best chance of a Trophy, this will have been their strongest team, after Jan i can see it weakened, so this was their best chance of a trophy. They played well in the first half and celtic played so poor.
    There best chance. playing a poor playing celtic.
    Playing on a surface that would not suit celtic’s passing game. Played against ten men celtic. Got awarded a penalty and could still not win
    Oh! when the goal went in i was the vocal one amoungst the cries of despair, and as i pointed out to one of the many. The cream always rises to the top.


    Resolution 12 & The Broken Bond
    Rangers’ liquidators, BDO, are due to issue a Report to Creditors early next week.

    Expect it will have a total due to HMRC of about £50m. About £30m for BTC (£22m underpayment + £8m compounded interest). Rest for WTC and Whyte non-remittance.

    Not a chance they could have paid.
    Rangers Tax-Case
    @rangerstaxcase
    ……………….
    Just a follow on to the conversation we had yesterday that the BDO report will be out soon.