The Predator
Well-Known Member
I'm unsure about this.
Yeah, this.Reading the posts on this thread it would appear that many, maybe even the majority, don’t want fan involvement at Board level, or even a Club that is run on a sustainable basis. What they want is somebody else to keep throwing money at it.That cannot, and will not, go on forever.
I think we must be the most divided support on the planet.Anyone explain why this is a negative if King was willing to sell?
I would hazard a guess that Chris Graham will be proposed for this role.Without someone with financial interest and business minded head on them put in place could be a real problem. Don’t think this is going to be a good idea
They will also be looking for a wage for doing the job which we will need to fund.
IF club 1872 could produce a coherent document that would convince fans it was a good deal, that would be a start. It isn't just that though, Club 1872 hasn't shown any real ability to use such a power sensibly or coherently. Some its activity and infighting would always be a real concern, they would need to show an ability to move on from that.As a Club1872 member I’m cautiously optimistic about this proposed ‘NeverAgain’ deal.
In practice it makes sense that the supporters group gets a healthy chunk of the club that we own for the rest of time to enable us to always protect the clubs interests.25%+1 in theory is the perfect way to do that.
It’ll be a tough ask as many have pointed out raising that volume of funds but I think It could be done if it’s all laid out,explained and marketed effectively.It’s a bit of a step into the unknown but let’s have some confidence and faith in ourselves as a support.
Critically Club1872 are going to have to up their game and fully set everything out but some of the guff posted in here making out random punters are going to be running about the boardroom making spur of the moment ‘Rangers Da’ calls are as pathetic as they are mental!
If you’re skeptical or against the idea that’s fair enough but some people really should know better.The more extreme stuff is up there with the negative crap posted about Dave King,Paul Murray,the Sons of Struth etc during our battle with the Spivs.
It’s really all over to Club1872 now to step up to the plate,explain to the support in detail how this all works in terms of the mechanics of director appointments,the decision making processes and all the nuts and bolts.
There’s never been a government,fan group,golf club committee or coalition that’s ever automatically unanimously agreed on every issue all of the time so let’s give ourselves a bit of respect and faith as a support,stay open minded and see the plan of attack going forward before we start putting problems up that aren’t there yet.
Hilarious.![]()
The Sevco thread ; still not a thread about Celtic.
It means that no one else will want them so King is hopeful of one final gullibilly fleecing.kerrydalestreet.co.uk
Someone sent me that link in a WhatsApp chat. That's what their lot are making of it.
So did the members vote on whether this was a good idea or not?This doesn’t sit right with me, and that’s said as a C1872 member.
C1872 have had years to get themselves organised into something that is a much more professional group, and they have been unable to do so. They’re not fit for the purpose of main shareholder, at least in their current format.
Thats how I see it... 72 haven't got £13m correct me if I'm wrong.Given our history of infighting, jealousy of so called "blazer chasing" and Club 1872 being a bit of a damp squib so far, this doesn't fill me with confidence.
13 million the club needs now and a potential majority shareholder with no money to put into the club just doesn't make sense.
The club isn't anywhere near breaking even or being self sustaining yet, fan ownership is always a nice headline or day dream for fans, but these are multi million pound companies and need to be run as such.
72 can be the best guys in the world. But can they bankroll us when needed?Because Dave King wants the money he initially invested back. And he would rather sell to the fans.
Not sure I would be happy with the club being majority owned by a fans group after the farce that was the Rangers Fans Fighting Fund money being used to build a stand that 99% of contributors would never see never mind use.
Thats how I see it... 72 haven't got £13m correct me if I'm wrong.
All I see is a top shareholder with clout to bankroll when needed is now not there
72 can be the best guys in the world. But can they bankroll us when needed?
There needs to be a big change in Club1872 but I also think fans need a shift in mindset too to make this work. I include myself in that because I don’t think fan ownership is right for us. The problem is, that’s what we’ve got and also what we need to safeguard the club well into the future. We need to think back to how helpless we were when we were hours away from everything being hived off for paltry loans. It’s so important for club1872 to sort itself transparently and launch a “never again” campaign properly. A board that disintegrates after a couple of differences is utterly pointless and will ensure this fails.Club 1872 hasn’t got a cat in hell chance of raising that kind of money in the timescale indicated. It hasn’t got the credibility amongst the fans. They need to reform into an accountable outfit capable of using power wisely.
Can’t see this working without a serious change.
And they’re raging about it but trying to pretend they’re laughing about it. Luckily they have DD the absentee landlord to ignore anything they want until he kicks the bucket and/or punts his shares and a spiv gets hold of them. Now that will be funny. Probably even funnier than them just being completely ignored by an absentee landlordHilarious.
Today, their fans were told by their CEO "You do not have a say. You are here to buy shirts and shut up."
The very same day, our majority shareholder said to us "Do you want to own 25% of the club?"
Theres a post there saying “i’ve not idea how any football fan can support a club that openly cheated to every success they have”Hilarious.
Today, their fans were told by their CEO "You do not have a say. You are here to buy shirts and shut up."
The very same day, our majority shareholder said to us "Do you want to own 25% of the club?"
View might be valid if he was asking for it to be done in the next 3 weeks. But there is 3 years to complete this. Little changes in the short term.Why would Mr King do this at this time when we are in such a good place. End of season/55 in the bag would have been a much better time to push this through.
I don’t get the need to put uncertainty into the mix at such a crucial stage of the season. Maybe the last few years have me paranoid over any financial dealings within the club...
Again, important to note that nobody is proposing this. If it happens, fans won't be in control. They (we) would be the largest shareholder, but the club would be run, as it is now, by the board of directors. Yes there would almost certainly be 1 C1872 representative on the board, but it's a far cry from control.I feel very uncomfortable with this. I'm all for fan involvement at board level, but fans having control? I'm not so sure.
My take on this is that DK is looking to the future and realizes this family are not going to maintain his involvement once he shuffles off this mortal coil, and rather than see his family sell his shares to the highest bidder, he is giving the fan base, via club1872, the chance to buy his interest now.
Personally i'd much rather he held onto his shares and made provision to do this in his will, but for whatever reason he's chosen to just sell up now. I cant criticize the man after what he has done for us.
I just hope this works for the best. However, with our record of in-fighting I'm afraid I can only see problems ahead. I pray i'm wrong. Hopefully the 3 bears will continue their involvement with the club and we continue to attract outside investment. That is very important to our success. I figure its going to take an all out effort from club1872 to raise 13 million, so we need additional investment on top of that to continue building the side and be successful.
For my part, I see it as a proverbial boot in the baws to Park, Letham, Taylor etc.Absolutely, @Roscoblue
Is it too much of a stretch to suggest it’s a bit of a kick in the teeth to these wealthy investors who are all supporters?
If I’d invested the sums of money these shareholders had, I’d be concerned that a fans’ group could soon have a majority say in the club I’ve invested in.
The not inconsiderable sum of £13 million would do a lot more good going to the club than any individual. And I say that as a big King fan.
That this fans’ group seems to be poorly run would only add to my concern.
As someone who has contributed each month to Club 1872 for a long time, tonight’s news just doesn’t sit right with me.
Should Club 1872 not get their house in order and stop the petty squabbling before embarking on this?
Also as others have said £13m would be better in new shares rather than going ro Dave King and I do not mean that in a derogatory way whatsoever to DK.
You'd think they had nothing else to worry about!![]()
The Sevco thread ; still not a thread about Celtic.
It means that no one else will want them so King is hopeful of one final gullibilly fleecing.kerrydalestreet.co.uk
Someone sent me that link in a WhatsApp chat. That's what their lot are making of it.
Thats it in a nutshell. Hes recouping.Maybe Dave King needs/wants his cash out of the club?
Let's say we get the 25% through a massive fund raising from the fans. What happens when the club needs £13m a week later and there's a share issue a week later which C1872 is unable to take part in because all their money went externally?My head agrees with you but I then ask myself how much would we have paid to have had the ability to veto Craig Whyte on 2011?
I'm not fully formed on what I think about today's news but I think getting to 25% is an opportunity we should take. King is basically telling us if gets hit with a bus his shares could be available to anyone.
Beyond this club 1872 should be a source of additional funding for the club. But unless it is completely revamped and given proper professionalism, corporate nous, and effective communication and marketing, this is doomed to failure. Based on recent activity it is currently unfit for the job in hand.
Very well put mate.To put it bluntly, anyone being negative about this doesn’t have the best interests of the club at heart. We get the club we deserve. Every single one of us should be working towards a greater influence over the club even if it’s just a fiver a month.
Does anyone seriously believe we won’t run into financial difficulties again with the current model? Do you think there will always be a bear with deep pockets and our best interests at heart waiting in the wings to bail us out? If you care so much about the club wouldn’t you want to play a small part in influencing it and protecting it?
Bottom line is it’s the only sustainable model for us. We need to get above 25% and keep it.
In the words of Dave King
I’m really hoping the supporters do get together and understand this is a genuine once-in-a-lifetime opportunity to start to take ownership and be the biggest influencer in the club going forward.
C1872 would have enough of a say to stop it's shareholding being diluted.Let's say we get the 25% through a massive fund raising from the fans. What happens when the club needs £13m a week later and there's a share issue a week later which C1872 is unable to take part in because all their money went externally?
The magical 25% gets reduced to say 15% and we're back to square one.
Alternatively, the club needs the £13m but is unable to get it from shareholders so it has to sell 2 players, which costs us the league, because C1872 put the needs of Dave King before the funding needs of the club.
I'd agree with you on C1872 needing revamped. Have they even had an AGM since inception?
So someone who believes that C1872 should use its cash to get shares from the club, rather than Dave King, so that the money actually goes to the club, and benefits the club, doesn't have the best interests of the club at heart? Wow.To put it bluntly, anyone being negative about this doesn’t have the best interests of the club at heart. We get the club we deserve. Every single one of us should be working towards a greater influence over the club even if it’s just a fiver a month.
Does anyone seriously believe we won’t run into financial difficulties again with the current model? Do you think there will always be a bear with deep pockets and our best interests at heart waiting in the wings to bail us out? If you care so much about the club wouldn’t you want to play a small part in influencing it and protecting it?
So where does the funding come from? The club needs money and you're suggesting C1872 stops it from raising it by issuing shares just to prevent it from being diluted?C1872 would have enough of a say to stop it's shareholding being diluted.
So someone who believes that C1872 should use its cash to get shares from the club, rather than Dave King, so that the money actually goes to the club, and benefits the club, doesn't have the best interests of the club at heart? Wow.
Yes, we'll run into financial difficulties again, which is why the cash should go to the club and not Dave King.
He gifts them to a trust that is unable to sell them and which C1872 controls the voting rights of.And Kings shares?
It might get us there temporarily but there's the potential for it to be diluted 6 months later due to its ongoing funding needs. It's not necessarily a "generations" fix.This is a solution that benefits the club for generations. Dave King’s shareholding gets us where we need to be and would be a fantastic ending to a miserable period in our history that can never be repeated.
Correct. That’s why there needs to be ongoing, small, monthly contributions from the fans. We all need to feel accountable for this. 50K fans spending £5 a month would generate £3M a year in investment for he club. Who else is going to do that and expect nothing in return? We could all be voting for our board representation.It might get us there temporarily but there's the potential for it to be diluted 6 months later due to its ongoing funding needs. It's not necessarily a "generations" fix.
He gifts them to a trust that is unable to sell them and which C1872 controls the voting rights of.