[supercooper]

No surprise there then!

[Fredstersafool]

Notice lodged for possible mortgage of ibrox and Murray park to sports direct,thoughts on this one folks

[Larry-AV]

This is what Fred has mentioned.

Skysports - Mike Ashley plans to take out security on Ibrox Stadium

Do I like this ... No.

However, ask yourself, if you were lending money to someone, would you not want security ?

It is normal business practice, but this could have been avoided if the board and/or major shareholders had put the interests of the Football Club ahead of their personal interests and accepted Robert Sarver's investment !!!

[Fredstersafool]

It's the fact the board have continually said they WOULD never use ibrox Murray park as security there promise to you the fans.

[Trusevich]

This is what Fred has mentioned.

Skysports - Mike Ashley plans to take out security on Ibrox Stadium

Do I like this ... No.

However, ask yourself, if you were lending money to someone, would you not want security ?

It is normal business practice, but this could have been avoided if the board and/or major shareholders had put the interests of the Football Club ahead of their personal interests and accepted Robert Sarver's investment !!!

Absolutely agree, Larry. Funds are a necessity and this is a way to achieve significant funding for the immediate to mid-term future. At this point of course, no loan against the stadium has been accepted, so we will just have to wait and see. £10M in the door now would take us well into next season on it's own, never mind next season's revenue.

Personally, I don't see the problem in using assets to secure funding. It's ludicrous that we didn't do this earlier in fact.  
The fan's groups that are now calling for demonstrations and legal action need to wind their brass f*cking necks in, yet again. An awful lot of their scaremongering could be destroyed by a simple statement from Mike Ashley outlining his plans for the club. The longer they are allowed to let their imaginations run wild, the more they will do exactly that.

Sarver would still easily be my preferred option, but it looks like that simply won't be allowed to happen right now.


Brian Kennedy offers some level-headed insight, for once:

Brian Kennedy urges Mike Ashley to guarantee Ibrox for sole use of Rangers as Newcastle owner seeks security over stadium

ASHLEY hit the headlines today with a notice of intent to take out security over Ibrox Stadium but Kennedy says the controversial tycoon could avoid hostility from Rangers fans if he made the pledge.

The Sales Sharks owner - whose £3m crisis loan was rejected by the Rangers board in favour of an agreement with Ashley in November - spoke to Record Sport this morning after it emerged that the Sports Direct magnate has lodged papers to have his company’s name added to the stadium’s title deeds .

It’s believed Ashley wants security over the ground in return for yet another round of emergency cash and that this latest move indicates the board’s intention to knock back an alternative funding offer from a consortium of wealthy fans, including Douglas Park, George Letham and George Taylor.

Kennedy, however, suspects the regime is simply ‘hedging its bets’ as it attempts to find a way of avoiding insolvency.

And he believes the Rangers support would be a lot less hostile to Ashley’s proposals if the Newcastle owner promised to protect their spiritual home at all costs.

He said: “We’ve got to be rational, it’s very easy to take a kick at Mike Ashley but the bottom line here is that, if the club doesn’t get funds immediately, it will go into administration.

“The business is running out of money right now so the first priority of the board is to survive. Plain and simple. In order to do that they must find someone who is prepared to put in the funds which allows them to pay the bills.

“There are only two options open to them - one is the Douglas Park consortium and one is Mike Ashley. I imagine what they are doing is keeping both of these options in play for as long as possible. If there is only one option left to them then it puts them in a very weak bargaining position.

“I can understand why Ashley’s offer is secured against Ibrox because I wanted to do the same thing when I offered the club money in November. The key difference was that my offer was conditional upon Ibrox being placed in a trust. I wanted to ensure it was secured for the best long term interest of the club. I made it clear that Ibrox Stadium would only ever be used as a place for Rangers Football Club to play football.

“If Ashley was prepared to make such a pledge then perhaps there would not be such feelings of anxiety and hysteria among the Rangers fans. Without this kind of guarantee I can completely understand their reaction. They are being treated with absolute contempt.

“But, even so, I do believe that the board is simply hedging its bets at the moment. They have an offer on the table from Douglas Park and his group and now, if that funding does not come through for whatever reason, they at least have an offer from Ashley to fall back on.

“Given that the only other option is administration then it’s probably not such a bad move.”

----------------------------
Oh, and as an aside, just 10 days to go.

[Fredstersafool]

10 days for what?

[supercooper]

Just booked tickets,30 quid for 2 adults and 2 kids. Not too shabby.

[Trusevich]

10 days for what?

Until it's 0 days.

[Fredstersafool]

Idiot

[TheWorthinGer]

Business chess.

Now Park and King and co have to make their move.