As regular readers of this site already know , King neither has the wherewithal nor the desire to invest in Rangers. I informed everyone who would listen that there would be an amalgamation of the RST and RF and that they would be King’s bankers of last resort. I informed everyone that there is a cash crisis as ST receipts have already been expended. I informed everyone that there would not be an ISDX listing and that there was no possibility of repaying the £5m loan from Sports Direct. The latest development does not surprise me. What does surprise is its audacious scope:
“There have been many shareholders in RIFC in recent years for whom the Club’s interests do not come first. Rangers supporters will ensure that the Club’s interest and its success is always paramount. To achieve this aim, it will be necessary to remove shareholders who do not share the same vision.”
Frankly I find it astonishing that any UK plc would engage in removing shareholders who choose not to report directly to the board. The board should report to shareholders. In King’s Rangers, the shareholders report directly to the board. In King’s Rangers, those who chose not to reveal their identity will have their shares removed and resold to the new equity conglomerate for the benefit of King and his shyster board. However there’s more:
“Rangers supporters can also use the shares they have acquired to back those with the Club’s best interests at heart.”
Translation once you buy the shares that we have stolen, don’t worry about it as we need the money desperately.
“At the moment there are over 20,000 Rangers supporters who are members of and contributors to the various Rangers fan groups. The Club’s Board of Directors were all born and brought up as Rangers supporters but they know the Club’s future success is best ensured by broadening its ownership amongst the many.”
Translation if there are any funds in your escrow accounts, give them to us now.We are real Rangers men and we know how to spend your money wisely.
“The destination for the monies raised by this Rangers First CIC will include assisting the future financial performance of the Club. The perils of relying on banks and the market in this regard have become all too clear in recent years.”
Translation we cannot get a listing due to the toxicity of our chairman, and there is no possibility of an overdraft.
Give generously as we are having ‘technical difficulties’ with our Chairman’s Western Union account.