Rangers Football Club

thebronze14 wrote: What does that even mean anymore?

HO HO HO HO HO HO

"Today's decision at the Court of Session potentially plunges the Rangers owner into a major cash crisis as King’s lawyer previously told Lord Bannatyne the entrepreneur was “penniless”.

Rangers owner Dave King this morning suffered a crushing blow as a top judge ruled he must make an £11 million shares offer.

The decision at the Court of Session potentially plunges the Rangers owner into a major cash crisis as King’s lawyer previously told Lord Bannatyne the entrepreneur was “penniless”.

King, who has faced turbulent conflict with tax authorities in South Africa, argued that his money was tied up in onshore and offshore trusts but they were in the name of his family and he didn’t have control of them.

But Lord Bannatyne’s ruling favours the view of The Takeover panel, who argued that he controlled the cash and was legally bound to offer to buy out other Rangers shareholders at 20p a share - amounting to £11 million.

King’s advocate, Lord Davidson of Glen Clova QC, earlier told the court: “Mr King is penniless. Any order wouldn’t secure compliance. It won’t. It is pointless.”

He also recommended judge Lord Bannatyne dismiss the order because the shares were currently worth 27p.

The hearing at the Court of Session in Edinburgh was told King didn’t know he’d be legally required to fund the £11million share purchase as part of his takeover.

But Advocate James McNeill QC, acting for the Takeover Panel, rubbished the suggestion he was unaware of the 2006 Companies Act provisions."

tonyjaa wrote: And on that " we are fecked " note..... Murty has been appointed manager until the end of the season

Back to back defeats for Murty

FREEWHEELER wrote: They were rank.

tonyjaa wrote: Merry Xmas ya sevco scum ! Murty was nearly crying in that post match presser, let's hope its Niagara falls for him over the next 2 games The ref was disgusting yesterday and did everything he possibly could to help them - bottling giving Taverner a certain 2nd yellow early first half & not booking Declan John for celebrating in the crowd ( tic players get booked for looking at the crowd after scoring these days) to name but a few I am loving it

An unhinged festive greeting

Jamie Murphy to have a medical after a £1m fee was agreed with Brighton

Roberto Baggio wrote: Jamie Murphy to have a medical after a £1m fee was agreed with Brighton

Paying £1mill all up front me hole