There's some big names available but do they make sense for either of the great Glasgow rivals? That includes further loans or a new share issue, which the SFA have effectively closed this week to investment from Newcastle United owner Ashley under their dual interest rules. “Mike Ashley can clearly solve the financial issues in the short term, but the fans don’t trust him. Chairman David Somers, who is facing calls to quit over his role in decision to knock back investment from King, was contacted by the consortium, along with nomad WH Ireland and the company’s legal advisors.
explains more about how we use your data, and your rights. An eventful afternoon for Rangers began when supporters group, the Sons of Struth, threatened a boycott of the Sports Direct retail group owned by Mike Ashley – who was sold the naming rights for Ibrox for £1 – and the McGills Buses transport business owned by Easdale and his brother, James, a Rangers plc director.
However, as existing shareholders we still believe it should be possible for us to gain a significant holding and are ready to invest in a new share issue. Scots woman wakes to find her house 'rumbling and shaking' from 'flaring' at Fife chemical plant. MOTOR group mogul Douglas Park has stepped forward to lead a £6.5 million investment plan in crisis club Rangers by the Three Bears. The debt payback was announced on the same day that Craig Whyte - the man who plunged them into financial meltdown two years ago - was banned from being a company director for the maximum of 15 years and his conduct described by a judge as “shocking and reprehensible”. On any view, the directors and financial controller of RFC required to know that such a substantial amount of its future income had already been borrowed against by RFC. Join thousands of fans who have signed up to our Rangers newsletter. The First Minister said the government did not manage to reach a 'final decision' today as 800 new cases and two deaths were confirmed. The Daily Record revealed last month that SNP chief executive Peter Murrell's text messages show him urging the police to be pressurised over the Alex Salmond case. “Presumably, they believed the SFA would clear the way for Mike Ashley to increase his holding but we now know that this was not approved. The First Minister updated the public on schools, travel restrictions, the NHS and the economy. Earlier this month the club raised £3.1 million from an open share offer to existing investors and Sandy Easdale purchased a further 1.2 million shares, easing cash flow concerns for the time being, although concerned fans groups have predicted that the money will pay bills only until the end of the year. The consortium, which also includes George Taylor and Douglas Park, offered to invest £6.5m in the club recently. SFA block Mike Ashley from increasing shareholding in Rangers.
Rangers have repaid soft loans of £1.5 million advanced to them by prominent supporter, George Letham, and the football board chairman, Sandy Easdale. Cops in hospital after hitting tree when chasing speeding Audi driver through Scots village. It’s time to operate in the best interests of Rangers.”, George Taylor, Douglas Park and George Letham, When you subscribe we will use the information you provide to send you these newsletters. “Why on earth would anyone not want a hugely successful businessman like Douglas Park involved?”. It ... Laxey sold their shareholding to a group of businessmen made up of Douglas Park and existing shareholders George Letham and George Taylor. Rangers Football Club became a limited company on 27 May 1899 when it was incorporated as The Rangers Football Club Ltd.
The 28-year-old has returned to the club following his release from Ross County. “We’ve said all along the issues to be confronted by the board revolve around finance and trust. If the board push ahead with a new share issue and the Three Bears snap them all up they will own around 30 per cent of the club, with their offer to the club also including a request for two seats on the board in return for their finance.
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