UK 11:34 Wednesday, 7 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The almost universally detested board of AIM Casino listed Rangers FC (RFC) had a cunning plan to deny shareholders democracy at the forthcoming EGM: hold it in London. While 2,000 might have attended the last bun fight in Glasgow, the tossers who advice the Mike Ashley Minion led board reckoned a venue holding 500 down South would do. Oh no. As we predicted at the weekend: Problemo.
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Comments
lee
An excellent post but what is happening at RIFC must now be bordering on criminal. I suspect they have good lawyers, like many corporations but their actions do not seem to be the actions of a fiduciary responsible board of directors.
They appear to be renegade but operating within corporate law to execute immoral practices. I have no knowledge of corporate law but there must be a legal aspect to this they have broken. If not, then the legal system is broken.
A full investigation is needed, what is Mike Ashley’s role in all of this, Charles Green etc?
Something is very wrong with this company for the last few years, why has the mainstream media ignored this?
Daniel Victor
Rangers have just got knocked out of the cup by Raith Rovers at Ibrox.Their fans are not happy,nor are they typically shy retiring types.There just might be fireworks were the EGM to be held at Ibrox !
Dazzer
Fair enough Daniel, some of the fans do have a reputation. However don’t suggest for one moment that this decision was taken with that in mind. The real reason is, as Tom has already said, to deny shareholders and supporters a say over their club in a desperate attempt by Ashley and his mob to cling to power. If they can delay the EGM long enough the current £5m loan from Ashley is sure to run out meaning that another £5m will be required to continue running the club. With the last loan Ashley took Murray Park, only Ibrox remains.