like Leanne DempsterClub 1872 having a rep on the board doesn’t mean it has to be a board member of c1872. You can propose someone who has the requisite knowledge and background to represent you.
like Leanne DempsterClub 1872 having a rep on the board doesn’t mean it has to be a board member of c1872. You can propose someone who has the requisite knowledge and background to represent you.
The reality is that Club 1872 now has to have a professional board.
If it is going to manage a £13 million fundraiser and continued investment, then strong professionally qualified directors are an absolute must.
There is no way people will invest what will be considerable sums unless the structure is sorted out and Club 1872 shows a level of professionalism that has been sadly lacking until this point.
We are now talking serious money and decisions being made at the Club 1872 board level that will have a massive affect on our football club.
With that level of shareholding then a club 1872 director will have to be a member of the main football club board.
It is conceivable that if this goes ahead then Club 1872 (in time) will be consulted/involved in player buying/selling decisions.
I don’t want that to be subject to internal power struggles going on between different fan groups!!
like Leanne Dempster
I think so too mateIf she is wanting a new challenge and she's been linked to the chief executive job at Queen's Park then she would be ideal given her experience.
Do you really think that's how it would work?A vehicle were fans can pay a monthly or annual fee which could allow the club to have an excellent yearly transfer budget would be ideal but would require a lot of long term commitment from the fans but if we could get 100,000 fans putting in £100 a year or something like £10 a month would give the club over £10 million extra investment each season
It's the way it should yesDo you really think that's how it would work?
The idea that if C1872 don't buy the shares then DK may sell to an undesirable just to get cash - to me - doesn't make sense.Fair do’s mate. What I would say though is that if they try and raise £13m for a new share issue instead - and I see the benefit, obviously, of cash going into the Club - it still leaves King, or his family, looking to sell a huge chunk of shares to goodness knows who. He clearly wants out and wants the cash in. There’s every chance he’s offered his shares to his former colleagues as well but they have declined. So who buys them and how desperate is he to get his money in the next 3 years?
Its a far from ideal situation on so many levels.
Yes, they should be saying that they're not interested,and saying to the club that they can raise £13m and can the club have another share issue.I'm not getting the £13 million would be better going to the club posts, obviously that's the case, the money would be great
King is selling his shares, are 1872 supposed to say they are not interested? It's their reason for being
Any shares that are for sale its their duty to buy them at the right price
He's entitled to sell them, but as a C1872 member, I don't think C1872 should be paying money to a third party when it could go into the club.Without said Shareholder there would be NO club, is he not entitled to some kind of return?
I'd much rather his shares are sold on to a vetted single individual or consortium that have Rangers at the heart of their interests
I think DKs concern is that it may not be him selling the shares in the future. I turn 65 tomorrow, King is just 4 months older than me, and your mind does wander to what happens when you’re gone. His family might not give a shit who gets the shares.The idea that if C1872 don't buy the shares then DK may sell to an undesirable just to get cash - to me - doesn't make sense.
DK has built something special - to do the above would be to ruin all that. I don't think he would even contemplate doing that.
If anyone deserves his cash back it is DK - it would be a massive pisser that this cash wouldn't go to Rangers FC but I don't think I could grudge him the cash.
In an ideal world C1872 would buy these shares and have a trusted model that could assist in taking Rangers forward into a position where we can run the club in a sustainable manner.
Unfortunately I don't think C1872 are anywhere near ready but what I think counts for nothing as I am nowhere near qualified.
Never knew that. Gives me a bit of optimism then, thanks!
It’s patently evident. This is about stopping a repeat of 2012. We cannot rely on millionaires to constantly babysit our club. This isn’t about overall fan ownership, this is about 25%, having a veto and ensuring we never suffer the shite we have for the last 10 years.
How can anyone not see this. It’s beyond me.
And Kings shares?Yes, they should be saying that they're not interested,and saying to the club that they can raise £13m and can the club have another share issue.
It's their duty to put money into the club, and not just buy shares that are no benefit to Rangers.
Agreed and that's why I cant see C1872 being able to raise the relevant funds needed to acquire Mr Kings shares. It's giving C1872 first refusal in a sense, I agree that all fans cash investments should be for the benefit of club, I'm positive that there will be further investors ready to step in who are already involved financially or have business relations to potential new investorsHe's entitled to sell them, but as a C1872 member, I don't think C1872 should be paying money to a third party when it could go into the club.
Not a hope!Lets be honest, they won’t do that.
Step one would be club1872 appointing a credible businessman to a position where they could get that structure in placeHaving 25% + 1 meaning that they can block anything harmful to the club and spivs getting their hands on our club - great, and would be a comfort that we'd have that safety net. On the other hand, I kind of have conerns around any one shareholder having that power... What if C1872 decided to block new share issues which the club needed for future investment out of self-interest if they didn't have the funds available to buy in and maintain their shareholding position?
However - as they currently stand C1872 are not structured professionally enough for this type of endeavour; meaning they would need to scale up in terms of corporate covernance. They need to be far more transparent with their processes and there can't be any hint of the previous infighting.
Who would they nominate to the board? That has to be someone with the appropriate levels of experience and know how. Details of their plans should be made available before asking people to stump up more cash.
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.Kerrydale Street-Sevco Thread - Another £4m loss in annual accounts. Elite court case pending.
Dubai crowdfunder.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.