AyeDubbleYoo Posted May 12, 2015 Share Posted May 12, 2015 Fans of other clubs in general should be a lot more concerned about what Ashley has done. It could easily happen to any of them - stopping him should be a matter of solidarity. Link to post Share on other sites More sharing options...
Ronaldo Posted May 12, 2015 Share Posted May 12, 2015 'Easily' is overstating it. How many Premier League owners have effectively bought their clubs solely to steal money from it during the past 23 years? Link to post Share on other sites More sharing options...
EthiGeordie Posted May 13, 2015 Share Posted May 13, 2015 The Sunderland fan nail it. Link to post Share on other sites More sharing options...
Guest Geordiesned Posted May 13, 2015 Share Posted May 13, 2015 http://www.bbc.co.uk/sport/0/football/32717309 Rangers: Mike Ashley wants EGM and £5m loan returned By Chris McLaughlin BBC Sport Newcastle United owner Mike Ashley has called on the Rangers board to hold an extraordinary meeting to pay back his £5m loan to the Glasgow club. Ashley, who owns a 9% stake in Rangers, has also asked the board to explain why the club has been delisted from the AIM stock exchange. If the loan is paid back, the club will regain security over their branding, the Murray Park training ground and the club's retail rights. All are currently held by Ashley. The move comes after the Sports Direct owner lost control of the Ibrox boardroom to South Africa-based businessman Dave King, who is awaiting Scottish FA approval to become the club's new chairman. That followed an EGM called by King in March, when shareholders backed the former Rangers director and his allies. Paul Murray, who was named interim chairman, was this month formerly cleared by the SFA to become a director of the Scottish Championship club despite sitting on the board along with King in the years preceding Rangers' insolvency in 2012. Police investigating takeovers at Rangers last week searched Sports Direct's Derbyshire headquarters. The company stressed that it related to "various persons previously employed by and or associated with Rangers" and was "not directed at Sports Direct or at any of its directors or employees". Rangers International Football Club plc was delisted from AIM in April after the club failed to appoint a nominated advisor. That following the resignation of previous nomad, WH Ireland, but the club blamed the previous administration. Derek Llambias, a former Newcastle managing director, took charge in December and appointed former Sports Direct executive Barry Leach as finance director. An initial £2m loan from Ashley had given the Newcastle owner the right to appoint two directors to Rangers' board. The Englishman agreed a further £10m loan in January to help keep the club solvent, although only £5m was made available immediately as working capital. Sports Direct started its merchandising deal with the Glasgow club in 2012 following a takeover led by English businessman Charles Green, after which Rangers were accepted to play in the Scottish Third Division. Link to post Share on other sites More sharing options...
Beren Posted May 13, 2015 Share Posted May 13, 2015 Rangers will be free of him. Well played. Link to post Share on other sites More sharing options...
mattypnufc Posted May 13, 2015 Share Posted May 13, 2015 Hope he dies in a fire/helicopter crash. Cunt. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 13, 2015 Share Posted May 13, 2015 Does he believe they won't be able to pay? Guess otherwise he's just genuinely pulling out. Link to post Share on other sites More sharing options...
Shush Posted May 13, 2015 Share Posted May 13, 2015 Rangers will be free of him. Well played. It's incredible how quickly they've ousted him. I guess they have seen what he's done here and were wise to it, but shit I was sort of hoping Ashley would jump ship to Rangers and sell us somehow. Guess we are stuck with the cunt. Link to post Share on other sites More sharing options...
gdm Posted May 13, 2015 Share Posted May 13, 2015 He will still have his 9% stake. Think there's more to this than him simply wanting his money back, it's not like he needs the money. Pushing them to administration would be more of an ashley move Link to post Share on other sites More sharing options...
Shush Posted May 13, 2015 Share Posted May 13, 2015 Surely he doesn't need the money at all? It's just a tactic to screw them for screwing him? Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 13, 2015 Share Posted May 13, 2015 The article seems to suggest it's a tactic to make them decide if they really want to do without him. But surely it's pretty clear that they do. So in that case it could be his hope that they can't repay the money. Link to post Share on other sites More sharing options...
morla84 Posted May 13, 2015 Share Posted May 13, 2015 Anyone got a list of every retail business Ashley is involved in? Don't want to contribute to his wealth. Thanks Link to post Share on other sites More sharing options...
loki679 Posted May 13, 2015 Share Posted May 13, 2015 He will still have his 9% stake. Think there's more to this than him simply wanting his money back, it's not like he needs the money. Pushing them to administration would be more of an ashley move The loan would have fixed clauses relating to repayment though, he can't just say 'give iz me money' and have them wound up if they don't comply, can he? Link to post Share on other sites More sharing options...
gdm Posted May 13, 2015 Share Posted May 13, 2015 Ive no idea to be honest. Just don't see why he would just pull out and give up the rights to retail and training ground etc Link to post Share on other sites More sharing options...
Guest Roger Kint Posted May 13, 2015 Share Posted May 13, 2015 Anyone got a list of every retail business Ashley is involved in? Don't want to contribute to his wealth. Thanks Its on his wiki page Link to post Share on other sites More sharing options...
Disco Posted May 13, 2015 Share Posted May 13, 2015 He will still have his 9% stake. Think there's more to this than him simply wanting his money back, it's not like he needs the money. Pushing them to administration would be more of an ashley move The loan would have fixed clauses relating to repayment though, he can't just say 'give iz me money' and have them wound up if they don't comply, can he? I'm going to suspect they're all heavily geared towards the interests of one fat man. Screams of 'it's my ball, I'm not playing anymore and going home' Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 13, 2015 Share Posted May 13, 2015 Could it be repayable on demand? That's a thing isn't it? Like Ashley triggers a clause that gives them a set amount of time to pay. Link to post Share on other sites More sharing options...
Guest Roger Kint Posted May 13, 2015 Share Posted May 13, 2015 Superb journalism form Easy Ryder this morning: Lee Ryder @lee_ryder 8 mins8 minutes ago Rangers situation with Mike Ashley offers hint of how £130million loan would need to be factored into any potential sale of #nufc Cheers Lee, there i was thinking he would write it off through his notoriously generous spirit Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 13, 2015 Share Posted May 13, 2015 Fucking Ryder. Link to post Share on other sites More sharing options...
Interpolic Posted May 13, 2015 Share Posted May 13, 2015 Cider Ryder at it again. Link to post Share on other sites More sharing options...
Darth Crooks Posted May 13, 2015 Share Posted May 13, 2015 Superb journalism form Easy Ryder this morning: Lee Ryder @lee_ryder 8 mins8 minutes ago Rangers situation with Mike Ashley offers hint of how £130million loan would need to be factored into any potential sale of #nufc Cheers Lee, there i was thinking he would write it off through his notoriously generous spirit http://i58.photobucket.com/albums/g267/DaviPH/Turbo-Belm2.gif Link to post Share on other sites More sharing options...
morla84 Posted May 13, 2015 Share Posted May 13, 2015 Just likes the attention imo Link to post Share on other sites More sharing options...
steve_69 Posted May 13, 2015 Share Posted May 13, 2015 What does that even mean? Am i being really thick here or what? Link to post Share on other sites More sharing options...
midds Posted May 13, 2015 Share Posted May 13, 2015 Rangers will be free of him. Well played. It's incredible how quickly they've ousted him. I guess they have seen what he's done here and were wise to it, but shit I was sort of hoping Ashley would jump ship to Rangers and sell us somehow. Guess we are stuck with the cunt. The fact the Scottish FA made it obvious that he couldn't own them helped a bit too like. Good news for the Rangers fans though, fair play. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted May 13, 2015 Share Posted May 13, 2015 Sadly we had to act as the canary down the mine to warn Rangers fans. Link to post Share on other sites More sharing options...
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