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Rangers - Lambeezy kicked off board


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Can they stop Ashley reappointing his cronies? And can they survive without his loans?

 

Read that Ashley still has 2 votes but it's not likely Llambias will return.

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Can they stop Ashley reappointing his cronies? And can they survive without his loans?

key question really because as it stands rangers financially are up the creek without a paddle and the boats leaking all the while ashleys got the merchandising already and the current loans secured against everything rangers have that isn't Ibrox. Ashley may not have a presence on the board but he's got them by the balls.

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Will be interesting to see what he does. He turned into even more of a twat after the KK episode with us, if he holds the real power up there he could just completely fuck them off.

 

He doesn't like like being made look a Charlie.

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His financing has a Material Adverse Change clause in it (mentioned in the official RNS announcements). I wouldn't be surprised if he claims this is the case (as it cuts across his right to appoint directors) and considers the financing arrangement terminated and repayable on demand.

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This other faction must have the money to pay him back you would think? But then there's the question of Rangers as a going concern.

 

Id imagine so, their first job was to boot Ashley out.

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This isn't over yet, believe a long way to go and Ashley will continue to squeeze Rangers. I don't think for one minute the new board will cough up their own money to pay off Ashley and he will drill them into the ground.

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his isn't over yet, believe a long way to go and Ashley will continue to squeeze Rangers. I don't think for one minute the new board will cough up their own money to pay off Ashley and he will drill them into the ground

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Agreed.  Ashley has most of the revenue stream tied up and he won't let them go cheaply.  Although King says he will put his own cash into the club to pay off Ashley  when has a self made millionaire ever used his own money.  He will take the club into receivership to try and break Ashley's contracts and loan agreements

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his isn't over yet, believe a long way to go and Ashley will continue to squeeze Rangers. I don't think for one minute the new board will cough up their own money to pay off Ashley and he will drill them into the ground

.

 

Agreed.  Ashley has most of the revenue stream tied up and he won't let them go cheaply.  Although King says he will put his own cash into the club to pay off Ashley  when has a self made millionaire ever used his own money.  He will take the club into receivership to try and break Ashley's contracts and loan agreements

 

Ashley will then do a USC  and get them on the cheap of course, via a third party, they will also be deducted points which will do their season in good and proper.

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It's looking good for Rangers for now, but you would have to suspect Ashley still has some dirty tricks up his sleeve:

 

http://www.telegraph.co.uk/sport/football/teams/rangers/11456113/Mike-Ashleys-Rangers-regime-terminated-with-brutal-efficiency.html

 

If you give a shit about Rangers, I don't know how you might think that deluded article would be of any comfort at all - it totally ignores all of the contractual obligations except to say that there are questions to be answered:

 

"More urgent are the questions of revenue generation and the detail of how tight is Ashley’s grip on Rangers’ finances, through the Newcastle United owner’s web of loans and contracts which tie the club’s merchandising sales to his Sports Direct retail chain."

 

Well, der, you dumb shit. That's the whole fucking point, you stupid, stupid man.

 

Of course, if you don't give a shit about Rangers except for wishing misery upon them, then it's an amusing aside from the misery of supporting the Toon...

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