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    Comment on Bonkers OCNC Thread by sannoffymesssoitizz.

    Has anyone has the inclination, time and/or ability to update this Wikipedia pages to better reflect reality, including recent court actions relating to SDI and TOP etc.?

    https://en.wikipedia.org/wiki/Ownership_of_Rangers_F.C.#Rangers_International_Football_Club_plc

    https://en.wikipedia.org/wiki/Dave_King_(businessman)
     

    Recent Comments by sannoffymesssoitizz

    Accountability via Transparency.
    In addition to having advised sportspersons on media related issues William has experience of advising on sports contracts (including Formula One) and has experience of contractual disputes in boxing (Calzaghe v Warren) and football, having been instructed on behalf of Glasgow Rangers FC in its long-running dispute with Sports Direct over their commercial relationship.

    https://elyplace.com/barrister/william-mccormick-qc/  


    Accountability via Transparency.
    Is IFAB following you Allyjambo 20th June 2019 at 22:11? crying

    Women's World Cup: Rule on encroachment during penalty shootouts suspended

    https://www.bbc.co.uk/sport/football/48723902

    A rule that states goalkeepers at the 2019 Women's World Cup must be cautioned for encroachment at penalties has been suspended for shootouts.

    Under new guidelines, keepers at this tournament are booked if they come off their line prior to a penalty kick.

    So far, three players have been shown yellow cards for breaking the rule.

    But football's law makers say having it in place for penalty shootouts risks "unfairly distorting" the outcome if a goalkeeper is sent off.

    • What exactly are football's new laws?
    • Keepers making mark & VAR debate – Women's World Cup lessons
    • No VAR for Premier League keepers saving penalties

    The request for the temporary suspension of the law, which will remain in place for the remainder of the tournament, was made by FIFA to the International Football Association Board.

    In explaining their decision to approve the request, IFAB accepted that the presence of VARs greatly increases the likelihood of any offence being detected and, as goalkeepers are likely to face a number of kicks during a shootout, there is a higher risk that a goalkeeper will be sent off for receiving a second caution if already cautioned in normal time.

    Goalkeepers can still be booked for coming off their line if a penalty is awarded during normal and extra time.


    Accountability via Transparency.
    A surprisingly detailed article By Martin Williams @MWilliamsHT Senior News Reporter on 19th June 2019?

    Dave King group to get controlling interest in Rangers after vote

    https://www.heraldscotland.com/news/17717392.dave-king-group-to-get-controlling-interest-in-rangers-as-loans-to-shares-bid-is-approved/?ref=mr&lp=6

    Dave King and his Three Bears group are to have a controlling interest in Rangers as a bid to convert over £14m of club loans into shares has got the go-ahead.

    The Rangers board were today asking independent shareholders to agree to a crucial 'waiver' that would mean Mr King did not have to make another multi-million pound shares offer to other shareholders as he and his partners tighten their hold on the club.

    And at a general meeting, that waiver was passed with 81.8% in favour.

    READ MORE: Rangers chairman Dave King wins fight to avoid £8m club share purchase… just

    The group wanted to convert £14,120,388 in loans into 70,601,941 shares at 20p each, but there were warnings the move would have been on the rocks had the waiver not been agreed by other shareholders.

    It has now emerged there were 48,565,961 votes in favour of the resolution with 10,772,951 (18.1%) against.

    Rangers chairman, Dave King, thanked shareholders for their continued backing and said: "This is an important marker in the recapitalisation of the company and significantly improves its balance sheet, enabling the conversion of over £14m of debt into shares.”

    The loans-to-shares move gives Mr King's group the power to decide whether resolutions at future general meetings pass or fail and block special resolutions. That means they have control over strategic decision-making processes, including the election of directors and chief executive, approving executive pay and passing financial accounts.

    In February, Mr King won a long battle to avoid paying out on a court-ordered shares offer, which could have cost him as much as £19m, after it just failed to get enough acceptances from shareholders to become valid.

    READ MORE: Rangers director warns loss-making club cannot run on loans indefinitely

    Mr King was obliged to make the bid by the Takeover Panel financial regulator, which ruled he, and the Three Bears group of investors made up of Hong Kong-based investment banker George Taylor, Park's Motor Group founder Douglas Park and investment banker fan George Letham, had acted "in concert" to acquire more than 30% of the Ibrox club's shares.  They they over the club from a group said to be allied to Sports Direct founder Mike Ashley in 2015.

    The Takeover Panel confirmed that the requirement to make the general offer for the balance of shares not owned by the King group would be waived, if the shareholders pass the resolution.

    There was an earlier warning in a letter to shareholders from John Bennett, chairman of the independent directors of RIFC, that if the so-called Whitewash Resolution was not passed the loan conversion will not go ahead.

    And he said that "may create issues" for Rangers if the 'soft loans' which were integral to allow the club to meet its debts when due and invest in the playing squad were subsequently withdrawn.

    READ MORE: Ex Rangers chief Sandy Easdale to sell shares as he tells Dave King: 'I want out'

    According to financial papers supporting the bid, the extra shares Dave King’s group would get from the loan conversion would mean their slice of Rangers International Football Club plc would rise from 34.06% to give them a majority 53.93% stake.

    Once converted Mr King's slice through his New Oasis Asset Limited company will grow from 14.57% to 26%, Mr Park's holding will rise from 6.14% to 13.94%, Mr Letham will have 5.7%, up from 4.05%, while Mr Taylor's interest will drop from 9.3% to 8.14%.

    HeraldScotland:

    The letter to shareholders from Mr Bennett explained that the loans were provided by shareholders to assist with the costs of "restoring Rangers Football Club to a position at the top of Scottish Football and as a force in European football".

    "Rangers Football Club’s footballing success benefits the financial position of the company. Converting the loans to shares ensures that such assistance is ongoing and that the company does not have to repay this funding," he wrote.

    "The loan conversion will significantly improve the balance sheet of the company and ensure that it complies with The UEFA Financial Fair Play Regulations."

    The independent directors in information supporting the motion said: "When the current board of RIFC were appointed, the club had suffered greatly through years of financial distress and upheaval.

    "Consequently, RIFC was making significant losses with no immediate possibility of those being stemmed whilst restoring the fortunes of Rangers Football Club. Such losses have now been greatly reduced and the fortunes of both Rangers Football Club and RIFC have been significantly restored.

    "There is still work to be done both on and off the field with sporting success for Rangers Football Club being the key driver to improved financial performance for RIFC."

    Under Takeover Code rules Mr King and the Three Bears, should have made a written offer to buy the shares of other shareholders at the time of the takeover having overtaken a 30% threshold.

    The 63-year-old businessman, had previously stated that delays in fulfilling court orders over the offer were the result of needing government approval to transfer the funds from South Africa to the UK The offer came after a Court of Session contempt case in front of Lady Wolffe was paused in December after the Rangers chief said he was now “100%” committed to making the multi-million-pound offer.

    During one hearing in October, Mr King's advocate Lord Davidson of Glen Clova QC argued that he "is penniless" adding: "Any order wouldn't secure compliance. It won't. It is pointless."

    The King-led takeover group had always denied that they had acted 'in concert' to purchase shares in Rangers on December 31 2014 and January 2, 2015.

    But in December, 2017 Lord Bannatyne ruled in favour of the Takeover Panel that Mr King acted in concert with the Three Bears to oust the Mike Ashley-allied board.


    Accountability via Transparency.
    Former Rangers administrator starts £2 million damages action against Police Scotland

    By James Mulholland

    https://www.heraldscotland.com/news/17722256.former-rangers-administrator-starts-2-million-damages-action-against-police-scotland/

    A FORMER administrator of Rangers has commenced a £2 million damages action against Police Scotland over its allegedly unlawful investigation into his activities at the club.

    Businessman David Grier,57, claims detectives disregarded legal procedures when he was arrested in 2014 in connection with the Glasgow club's sale two years earlier.

    Officers suspected Mr Grier, of London, had broken the law during the sale of the Ibrox side.

    But Mr Grier and his co-accused – David Whitehouse, Craig Whyte, Charles Green, Gary Withey, Paul Clark and Imran Ahmad – were later cleared of any wrongdoing.

    READ MORE: Crown pays over £80k to ex-Rangers administrator David Whitehouse over "wrongful" restraint order

    Now Mr Grier has instructed lawyers to sue Police Scotland at the country's highest civil court – the Court of Session in Edinburgh.

    On Friday, during a short hearing at the court, judge Lord Bannatyne arranged for a procedural hearing to take place next month. Lawyers will present submissions to the judge on that date.

    Lord Bannatyne said: "I'm going to fix a procedural hearing in this case in about three to four weeks time. We will discuss a number of things at this hearing.

    "I will fix a procedural hearing to take place at midday on July 12."

    Prosecutors had alleged that Mr Grier, Mr Withey and Mr Whyte had participated in criminal behaviour during their involvement with Rangers.

    The three men became involved with the side following David Murray's decision to sell to Whyte in May 2011.

    Withey, of Woking, Surrey, was a former partner at Collyer Bristow – the London based law firm who advised Mr Whyte.

    Mr Grier worked for Duff & Phelps, the company who were appointed administrators of Rangers.

    The trio was later cleared of any wrongdoing. However, prosecutors launched an appeal against the decision to clear them.

    In June 2017, Scotland's most senior judge Lord Carloway wrote a judgement in which he explained the reasons why prosecutors failed in their appeal.

    Lord Carloway said that the Crown had "formed an erroneous view of the law". He said that prosecutors had seized "legally privileged" material from the men's lawyers.

    Lord Carloway said that the police shouldn't have seized the material as it breached the law.

    He wrote: "It is a factor in favour of the Crown that they were not acting in bad faith but only upon first a misconception of the law and secondly latterly pure carelessness.

    READ MORE: Dave King: Rangers are within tangible reach of becoming the dominant force in Scottish football again 

    "Nevertheless, the level of illegality is such that it can neither be condoned or countenanced notwithstanding the relatively serious nature of the charge."

    Earlier this week, Mr Grier's colleague at Rangers, David Whitehouse was paid £80,000 compensation after his assets were wrongfully frozen during the investigation into his wrongdoing.

    He had been seeking damages from Scotland's most senior prosecutor, the Lord Advocate James Wolffe QC. Mr Whitehouse's lawyers claimed the Crown had no legal right to seize the assets.

    The case was also due to be heard at the Court of Session. But the case was settled days before lawyers were due to commence.

    In the latest case to the heard at the Court of Session, lawyers are seeking £2 million compensation from the police.

    Mr Grier's legal team claim their client is entitled to the sum because of the allegedly "unlawful and malicious conduct" of the police.

    Police Scotland are contesting the action and deny any wrongdoing. Their lawyers claim that officers had a reasonable basis of suspecting Mr Grier of illegal activity.

    The case will next call next month.


    Accountability via Transparency.
    Big Pink 13th June 2019 at 11:44                    

    Not only The Scotsman!

    SFA set to make Rangers UEFA licence decision as Ian Maxwell issues update

    By Record Sport Online 10:52, 13 JUN 2019

    The governing body could (My bold) pursue the Ibrox club over alleged irregularities in their application to play in Europe in 2011.

    Ian Maxwell has revealed a decision over whether to pursue Rangers over "alleged irregularities" in the club's application for a UEFA licence in 2011 could (My bold) be made soon.

    The SFA tasked its compliance officer with instigating a probe into the matter two years ago, which involves the Ibrox club's unpaid tax liability at the time they submitted the application.

    Had they disclosed the liability, Celtic would have been entered into the Champions League qualifiers the following season.

    Rangers maintain the Five Way Agreement signed off by the SFA, SPL, SFL, the old Rangers (My bold)and the Newco (My bold) formed by Charles Green ensured the governing body had no jurisdiction in the case.

    The SFA's judicial panel ruled the matter must be heard by the Court of Abitration for Sport if there was intent to dole out punishment (My bold).

    And now chief executive Maxwell insists the issue could be looked at again in the near future.

    He said: "I would expect that to come back to the board in the not-too-distant future.

    "It (going to CAS) is still under consideration.

    "We’ll come back on that in due course. I wouldn’t want to put a timescale on it.

    "But I don’t think we would let it go for ever.” (My bold)