16-01-2015, 13:36
(16-01-2015, 10:29)El Car Wrote: I think it's fair to raise at least the possibility of legal action against members of the board at this stage. Despite there being other possible offers on the table they've put a bar on anyone but Ashley being able to get security on the stadium, and if the Three Bear are to be believed they're either borrowing more than they need from Ashley or have never asked other parties to increase the loans they've offered. The same goes for the Sarver offer - they didn't even try to get him to up his offer. Basically members of the current board appear to be looking after the interests of a particular shareholder or shareholders, and are not acting in the best interests of the company as a whole as is their legal duty.
If that's the case - and it seems so - then the major shareholders who are being disenfranchised are the ones that need to raise any complaints, not the fan's groups. (I see the demonstration outside Ibrox tonight is now a full-scale boycott. Malodorous cυnts at work again.)
Interestingly, if PLT are offering to match Ashley's offer, then surely that's another safety net that could be used by the board if the Ashley repayments are defaulted. Ibrox would still be safe.