http://scotlandonsunday.scotsman.com/football/Sale-of-Rangers-FC-39will.6650410.jp

 

Quote

Sale of Rangers FC 'will go ahead by mid-January'

 

Published Date: 05 December 2010

By Tom English

 

A DEAL to sell Rangers Football Club to Scots venture capitalist Craig Whyte will go though by the middle of January, according to senior sources at the club.

Whyte, 39, met with Ibrox chairman Alastair Johnston in Glasgow to discuss the purchase of Sir David Murray's shareholding in the club.

 

The proposed £33 million deal will wipe out the existing debt that has stymied Rangers in the transfer market for two years.

 

Yesterday, sources at Rangers said the deal, barring any late hitches, could be completed before Christmas but it is more likely that it will be done by the middle of January. "We can't say with 100 per cent certainty, but Whyte has the money and is very convincing. We think the deal will happen," said the source.

 

Murray has presided over Rangers for 22 years but has been keen to sell his stake for some time.

 

Hopefully the debt thing is not true as that is what is holding them back at the moment.

Confirmation that the gift is still giving:

 

http://www.bbc.co.uk/news/uk-scotland-glasgow-west-31838762

 

Just finished reading that before coming in here for a giggle.

 

You couldn't make it up!

Always sad to see washed up old SPFL managerial rejects having to take jobs at embarrassing wee clubs just to make ends meet.

Always sad to see washed up old SPFL managerial rejects having to take jobs at embarrassing wee clubs just to make ends meet.

 

McDowell onto a winner then

 

approx 9months salary for sitting at home or perhaps he and McCoist can form the new Beechgrove garden hitsquad?

Chris Graham resigns. Wonder if he has a 12 month notice period?

Drew 1-1 with bottom club Livi today at stybrox. GIRUY you cunts. Take Steven Naismith down with you.

Immediate impact of McCall being in charge sees him keepmhis unbeaten run going 

5 points from a possible 15

 

Hibs & Hearts on the other hand - 15 points from 15

 

 

6000+ fans also 'walked away' from tonights game

Thought it was the Premiership that was going to be done and dusted by March? 

Currently they are only 4 points ahead of Queen of the South and 6 clear of Falkirk. Still a chance that they might finish outside the play offs.

Currently they are only 4 points ahead of Queen of the South and 6 clear of Falkirk. Still a chance that they might finish outside the play offs.

 

Don't tease us with that thought!! 

Don't tease us with that thought!! 

 

My thoughts exactly!  Had noticed it the other day but I didn't want to excited about the remote possibility

 

:rofl: :rofl: :rofl: :rofl:

 

:rofl: :rofl: :rofl: :rofl:

 

Got sent that this morning and had a wee chuckle at it 

That is brilliant, great find! 

My thoughts exactly!  Had noticed it the other day but I didn't want to excited about the remote possibility

 

Could be a lot closer come Sunday.

 

The Huns travel to play Hibs at Easter Road who I belive have beaten them 3 times this season, whereas QotS are at home to Cowdenbeath who just moved into the drop zone.

 

Hopefully Hibs fuck them up the arse.

http://www.bbc.co.uk/sport/0/football/32127566

 

Should Rangers gain promotion to the Premiership this season, they must pay Newcastle United £500,000.

 

:rofl: :rofl: :rofl:

Just read that myself, hilarious scenes  

Mega "fucking" LOL

 

Copy and paste from BBC Scotland Football News.

 

 

Rangers International Football Club plc is being delisted from the AIM Stock Exchange.

RIFC said that it is in negotiations to move trading to a different platform.

Trading in the company's shares were suspended on 4 March following the resignation of its nominated advisor (nomad), WH Ireland.

However, RIFC's new board has been unable to appoint a new advisor before the deadline to remain listed.

The suspension of shares on AIM came after the removal of the previous board by a shareholder group led by former director Dave King.

BBC Scotland has learned that a number of shareholders are considering legal action as a result of the delisting.

It is also understood that at least one complaint has been made to the Financial Conduct Authority, but that body has no jurisdiction over Rangers.

Rangers blamed the previous regime for the delisting. A statement read: "It is simply the result of the well-documented failings in corporate governance and management of those who previously controlled the company."

The club said AIM received "more complaints about the company than any other company on its exchange over the last year".

At the time of the extraordinary meeting that deposed of the previous board, South Africa-based King expressed his confidence that a new nomad could be appointed.

King, who has convictions for contravening South African tax laws, had hoped to be appointed to the board.

New interim chairman Paul Murray, director John Gilligan and shareholder Dave King

Shareholders Paul Murray, John Gilligan and Dave King deposed the previous board

Rangers said the prospective nomad completed its checks on the 'fit and proper' status of the existing and the proposed additional director.

However, after the nomad's assessment of the "company's profile" in recent years and discussions with the Stock Exchange, it was unable to "take up appointment", Rangers said.

The statement added: "We also understand that any alternative nomad is liable to encounter similar difficulties and therefore the company requires to terminate its listing on AIM."

RIFC said delisting will save the club time and money and that the move does not prevent shares changing hands privately.

One avenue being explored is RIFC being listed on the ISDX, the successor to the Plus platform, where The Rangers Football Club plc's shares were traded in the past and where the shares of Arsenal are listed.

Until then, shareholders will have access to "a matched bargain trading facility" with JP Jenkins, a founding member of the AIM and Ofex markets through which Millwall's shares are already traded.

Rangers Supporters' Trust said: "It is unfortunate that the company is having to delist because of the mismanagement and, at times, malicious neglect of previous directors and nomads of the company."

So the "fit and proper" Dave King already shows himself to be a liar and untrustworthy it would appear.

I thought that as part of his victory speech he went on record as saying this was just a fromality and that he had everything lined up in the background ?

Phew, they had me worried for a few weeks there.  I thought they were almost getting the big house in order!

Phew, they had me worried for a few weeks there.  I thought they were almost getting the big house in order!

 

Positive press is just the same as previous bunch of spivs and shysters got when they first took over. Soon enough the orcs and their pets in the press will realise they are being conned again.

 

It really is the gift that keeps on giving.

Positive press is just the same as previous bunch of spivs and shysters got when they first took over. Soon enough the orcs and their pets in the press will realise they are being conned again.

 

It really is the gift that keeps on giving.

 

I full appreciate that jute, but there was potential for them to be run like a proper club. Thankfully, that didn't happen 

According to the beeb, "Stuart McCall says Rangers will be challenging for European qualification next season if they win promotion to the Scottish Premiership." One step at a time Stuarty, your team is barely challenging the sides in the bottom half of the Championship  . They can barely function, but will be challenging for Europe 'IF' promoted... ! On yersel' min