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Everything posted by ian1964
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Rangers Fans Wrecking Parkhead 29/4/12
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You mad?...................... :smile:
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Dave King claims he has first refusal on Whytes shares
ian1964 replied to ian1964's topic in Rangers Chat
Rangers director Dave King has told BBC Scotland he has first option on Craig Whyte's shares in the club. Prospective owner Charles Green has stated that he has an irrevocable deal with Whyte for the transfer of his 85% shareholding in Rangers. But King says he and Whyte agreed last year he would have first refusal on the shares "at whatever price anyone offers and Whyte is willing to accept". Whyte told BBC Scotland King's assertion was categorically untrue. King claims to have come to an agreement with Whyte in Glasgow on 29 September last year. "I have first option on Whyte's shares and would not forego this unless I was absolutely certain that any proposed transaction, that excluded me, was in the best interests of the club," he added. "I have yet to see such a proposal." King, who is Rangers' second largest shareholder, continued: "I stayed on because I also had my investment and those of the other minority shareholders to protect and I believe that my presence on the board prevented Whyte from getting away with more than he even did. "The ultimate problem was that he knowingly lied to me and blocked my ability to validate some of his contentions with the club's financial controller. Continue reading the main story “ Lloyds would likely have put the club into administration last summer if the transaction hadn't happened ” Craig Whyte Rangers' majority shareholder "I believed that the financial controller had a fiduciary obligation to supply me with information even though it transpired that Whyte had told him not to. "I was also alert to the fact that Whyte would run out of time and felt that it was better that at least one independent director would be there to protect the interests of the minority shareholders and the fans. "If I had resigned Whyte would have had carte blanche. The minorities, in my firm view, were defrauded in the initial transaction by Whyte and I intend to seek recourse in that regard once I have access to the Duff & Phelps investigation of the company's affairs." But when King's comments were put to Whyte on Sunday, he described them as "highly misleading". "The minority shareholders were no worse off as a result of the initial transaction as one debt simply replaced another," he added. "Lloyds would likely have put the club into administration last summer if the transaction hadn't happened. "If the CVA is successful the minority shareholders will retain their shares in a club that will be a debt-free sustainable business and not the basket case that I inherited as a result of the mismanagement of the previous board." King was one of the club directors identified in the Scottish Football Association's recent Note of Reasons for Rangers' transfer embargo. He and his former fellow directors were criticised for not doing enough to highlight the non-payment of VAT and PAYE. On that, King said: "The criticism of me is fair, but John Greig and John McClelland deserve the utmost praise for hanging around as long as they did in the hope that they could somehow make a contribution. "It was only once they had become completely isolated that they resigned in the hope that this would be a catalyst for greater scrutiny of Whyte's actions. "I know how gutted they both were - they are unsung heroes to my mind and all Rangers fans should know that they put the club first at all times." -
Dave King claims he has first refusal on Whytes shares
ian1964 replied to ian1964's topic in Rangers Chat
@BBCAlLamont: DK: If I had resigned CW would have had carte blanche. The minorities, in my firm view, were defrauded in the initial transaction by Whyte.. @BBCAlLamont: .. and I intend to seek recourse in that regard once I have access to the Duff & Phelps investigation of the company's affairs." @BBCAlLamont: But CW says DK comments are "highly misleading". "If the CVA is successful the minority shareholders will retain their shares in a club... @BBCAlLamont: ... that will be a debt-free sustainable business and not the basket case I inherited as a result of mismanagement of the previous board." @BBCAlLamont: Also from CW: Lloyds would likely have put the club into administration last summer if the transaction (his takeover) hadn't happened @BBCAlLamont: On another note, the financial advisor to Green's consortium is Imran Ahmad of Zeus Capital, the company which oversaw the sale of ... @BBCAlLamont: ....Formation Group, the company of which Green was a director. -
@BBCAlLamont: DK says he has first refusal on CW's shares "at whatever price anyone offers and Whyte is willing to accept". CW denies any such agreement. @BBCAlLamont: DK: "I would not forego this unless I was absolutely certain that any proposed transaction, that excluded me.. @BBCAlLamont: ..., was in the best interests of the club. I have yet to see such a proposal." Charles Green, of course, says he has deal to get CW shares @BBCAlLamont: More from DK: I believe that my presence on the board prevented Whyte from getting away with more than he even did @BBCAlLamont: DK: CWe knowingly lied to me and blocked my ability to validate some of his contentions with the club's financial controller.
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You also have the problem of losing any of the young players to bigger clubs if they show some real promise
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Leggat - ASTONISHING RANGERS CLAIMS BY LLOYDS CHAIRMAN
ian1964 replied to ian1964's topic in Rangers Chat
I don't if that's true and I don't know if it's the same thing but I just recently bought a new house and had to put down a wad of cash and I had to prove where I got the cash from with paper work. -
LLOYDS BANK have claimed they had nothing to do with the controversial sale of Rangers by David Murray to conman Craig Whyte. Despite the fact David Murray told Martin Bain at the time, his Murray Group were in debt to Lloyds to the tune of a staggering £700M and that Lloyds Bank had ordered him to get rid of Rangersâ?¦.FAST! It is the latest twist in the increasingly bitter claims and counter claims rumpus over just what happened when Murray sold out Rangers to conman Whyte for a quid, sealing Rangersâ?? fate by sending them hurtling into the crisis which now engulfs them. But Lloyds Bank have admitted they havenâ??t a clue what role their own man on the Rangers board, the shadowy Donald Muir, played in the deal which has taken Rangers to the brink of oblivion. That startling admission came from the man at the very top of the Lloyds Banking Group, Sir Winfried Bischoff and was all the more astonishing given the fact that Lloyds remain Rangersâ?? bankers. However, he has been forced to promise he will launch a full scale internal probe to attempt to uncover just what role Muir, who was acting as a consultant for Lloyds, representing their interests on the Rangersâ?? board, played in the fiasco. And that he will provide answers. Bischoff made the pledge at a stormy Lloyds Banking Group Annual General Meeting held in Edinburgh, during which Lloyds were under attack for the way it handled the Rangersâ?? account and the sale of the club by Murray to trickster Whyte, leading to the Ibrox club now having to fight for its very existence. Four times the Lloyds Bank chairman was grilled as to what role his Bank and those employed by Lloyds, played in the debacle. And the under pressure Bischoff was forced to admit Lloyds Bank knew nothing about Craig Whyteâ??s dodgy past. Bischoff admitted Lloyds did not investigate Whyte and had no idea where the money he was going to pay off Rangersâ?? £18M debt to Lloyds was coming from,and that Lloyds hadn't a clue that trickster Whyte had been banned for serving as a director for seven years. Bischoff also insisted that another controversial behind-the-scenes senior figure at Lloyds at the time, Manus Joseph Fullerton, a founding director of the Celtic Trust, had nothing to do with the Rangers account, despite the fact east end of Glasgow born Fullerton claimed quite clearly on BBC Scotlandâ??s website that he was responsible for ALL business banking in Scotland. Bischoff insisted that was not the case and the now retired Manus Joseph Fullerton only controlled companies which had a turnover of up to £5M. It is curious Lloyds have never made this claim before, as they have long been aware of Manus Joseph Fullerton being mentioned in LeggoLand. A simple statement when his name originally surfaced here in the autumn of 2010 would have cleared up the whole matter. But Lloyds Bank refused to do that. They stayed silent on Manus Joseph Fullertonâ??s role in the whole murky affair until chairman Sir Winfried Bischoff was forced to comment when quizzed at the Lloyds Banking Groupâ??s Annual General Meeting. At the at times stormy three and a half hour AGM, chairman Sir Winfried Bischoff insisted Lloyds Bank had no influence whatsoever on David Murrayâ??s decision to sell Rangers to Craig Whyte. He revealed Lloyds did not do due diligence on conman Whyte and had no knowledge of his dodgy past and that Lloyds were not interested in knowing where Whyte got the £18M he used to pay off the Rangersâ?? debt to the Bank. Sir Winfried Bischoff also admitted he had no idea what role Lloyds Bankâ??s representative on the Rangers board, Donald Muir, played in the sale of Rangers to huckster Whyte. And that Manus Joseph Fullerton, a founding director of the Celtic Trust, who claimed he was responsible for ALL business banking in Scotland, was not involved in any banking affairs of one of Lloyds most high profile customers, Rangers. The bottom line being, Lloyds had no idea what their man on the Rangers board, Donald Muir, was up to and that Lloyds appeared to be happy enough to hand over the ownership of a high profile business in Scotland, one which their bank in the guise of the Bank of Scotland, the Halifax Bank of Scotland and the Lloyds Banking Group, had been involved with for a quarter of a century, without bothering to investigate the buyer or show any interest in where Craig Whyteâ??s money to clear the £18M to Lloyds, was coming from. Given that Whyte has no visible means of support, no visible means of legal income, that is an astonishing admission for the chairman of Lloyds Bank, which British taxpayers have a 43per cent stake in, to make. And it surely makes one wonder just how easy drug dealers, human traffickers and other branches of organised crime, must find it to launder their dirty money through the Lloyds Banking Group? Perhaps that is a matter some Westminster MPs might like to take up with the Treasury.
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1-Scott Gallacher, 2-Gregor Fotheringham, 3-Mattie Clarke, 4-Robbie Crawford, 5-Kyle McAusland, 6-Danny Stoney, 7-Fraser Aird, 8-Aaron McGregor, 9-Barry McKay, 10-Rhys McCabe Results Gers 2 - Kowloon Cricket Club 0 Gers 2 - Singapore Cricket Club 0 Gers 0 - Sundireland 0 http://www.hksoccersevens.com/fixtures-scores/match-schedule
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CHARLES GREEN last night insisted Rangers can be SPL champions next season if they keep their best players. Crisis club Gers are facing a 12-month signing ban after stiff sanctions from the SFA. Boss Ally McCoist could also see his top stars leave this summer for a fraction of their market value, because of deals their agents struck with administrator Duff and Phelps. Former Sheffield United chief Green is still hopeful of persuading the key men to stay and win the title back. He said: â??As an outsider looking in I felt the original SFA ruling was wrong, but I also felt it would have been difficult for Rangers to overturn it. We have now got to see the written report from the judge and sit down with our legal advisors and see what the best step is for Rangers. â??If that signing ban remains then we will deal with it and we will work with Ally McCoist and his team to come out of it the best we can. â??My understanding â?? and Iâ??m going to sit down with Ally next week â?? is a number of players reached agreements with the administrators to take reductions in salaries and vary their contracts. â??The condition in agreeing those variations is they would be allowed to leave at a lower price. â??What Iâ??d expect is these players will have the chance to sit down with myself and the manager so we could explain what the plans are for Rangers over the next few years. Ally has done a fantastic job this season with a 10-point deduction. â??To my mind if we canâ??t sign anyone, but we can keep the existing players why wouldnâ??t we win the league? We need the chance to speak with the players. â??Of course, the major problem in all of this is the agents.The players respect Ally, they love Rangers and have enjoyed playing here. â??I had the fortune of floating the biggest soccer agency in the world a few years ago so I understand the market and the pressure put on players by their agents â?? and it is difficult. â??However it is a challenge we will have to face. â??We are are backing Ally and he knows that. I have had a number of meetings with him and he understands where we are coming from and he seems very happy with what he has seen and heard. â??Itâ??s about building up trust, whether it is the fan on the street or the manager of Rangers. Everyoneâ??s suspicious of anyone who comes through the front doors at Ibrox and I would be exactly the same.â? Green has vowed to freeze Rangersâ?? season ticket prices when he completes his takeover. He originally planned a price HIKE when he first launched his bid for control but Gers supporters slammed his proposal in meetings with the Yorkshire businessman. He added: â??I have had a number of meetings with fans who have raised important issues about Rangers and the way forward. â??I have listened to them and a key issue raised with me was the season ticket pricing for next season. Taking on board the fansâ?? concerns, I can confirm when my consortium completes the purchase of Rangers, season ticket prices will be frozen for next season.â? Green has also revealed administrators Duff and Phelps have moved to rip up Gersâ?? controversial deal with firm Ticketus. He said: â??The administrators have informed me they have written to Ticketus to terminate the agreement that is in place with Rangers. â??Supporters can now take heart from the fact that season ticket sales will be as normal.â? Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4325896/Green-Stay-and-win-back-the-title.html#ixzz1vGeSSiYK
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http://www.rangerstv.tv/view.php?it=10326&act=view&c=News
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And using us as the cash cow that they see us as.
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SPL chief executive Neil Doncaster today warned a Rangers newco could still carry the can if the club are found guilty of making undisclosed payments in the past. An investigation into the matter â?? which centres around Sir David Murray's ownership of the Ibrox club â?? is continuing following allegations made by former director Hugh Adam. This, of course, would mean a breach of the rules and Doncaster says any potential penalties could follow the football club over to any newco. He said: "It will take some time and ultimately it's being done by our lawyers. They will bring the case forward to us and the SPL board when they can do so. "How long will it take? How long has the HMRC case taken? These things take as long as they take. These are complicated matters, far more complicated than people might think." With regard to possible sanctions, he said: "The issue will be; have any of our rules been breached? If there is a prima facie case that they have then we will act accordingly. "The rules are there and all clubs are treated equally under the current rules. "The investigation is going on in accordance with the rules set down at various stages of the SPL's history. "There is only one rule within our whole set of rules where the breach has a pre-determined sanction. "If you go into administration the sanction is a 10-point sporting penalty, perhaps to be increased. "All the rest of the other rule breaches have 18 potential sanctions, unlimited in scope. "Whoever makes the decision on any disciplinary matter, be it the board or an independent commission, there is no set sanction in place. "There is no point in trying to project where a club might be. "You deal with the process and you get out. The rules are what they are; we apply the rules and you get out." When asked if players would be ineligible if contracts were found to be in breach of the rules, Doncaster replied: "It's more complicated than that. "That's why it's important that we give the investigation room to come back, present the board with the rules and what they have found and a recommendation. "You would expect the football club in question to take with it the responsibility for anything which emerged from that investigation." http://www.eveningtimes.co.uk/sport/rangers-newco-will-not-avoid-spl-sanction.17633932
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The consortium asked him to head the take over as far as I am aware,so I don't think that will be the case tbh.
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Fans' meeting with Charles Green - Gersnet minutes
ian1964 replied to Bluedell's topic in Rangers Chat
He was not concerned about the risk of all the players walking away in the event of a newco as he believes it would be easy to get a team together due to the pulling power of the club and his contacts. What about the transfer embargo? -
SONE ALUKOâ??S hopes of an extended summer break have been wrecked by his Nigerian recall. The Rangers star hadnâ??t appeared for the Super Eagles in three years but has been called up for their World Cup and African Cup of Nation qualifiers next month. Aluko, who is out of contract next month, is delighted to have been selected by coach Stephen Keshi for the World Cup qualifiers against Namibia on June 1 and away to Malawi a week later. Nigeria are also scheduled to play Rwanda on June 17 in African Cup and it means his holiday will be limited before he has to return for pre-season - at Murray Park or elsewhere. The 23-year-old said: "Nigeria have some big games this summer in terms of World Cup qualifiers and African Nations qualifiers.These are the games you would love to play in and if you do then it's a sign that you're doing well." http://www.express.co.uk/posts/view/320854/Sone-Aluko-gets-recall-for-Super-Eagles
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NEIL DONCASTER has warned Rangers NOT to expect special treatment from the SPL. comment on this story 63 comments Gers are fuming after failing to have stiff SFA sanctions overturned on appeal. But SPL chief Doncaster said: â??We will continue to deal with clubs equally under the rules. Our job is to apply those rules, without fear or favour to every single one of the 12 member clubs. Thatâ??s what we will do. â??Itâ??s our job to explain that what we are doing is treating people equally. If everyone understands that then what will be the reason to be aggrieved about the outcome? â??Every club will be treated exactly the same. I canâ??t get into â??special casesâ??. â??Our job is to apply the rules fairly and evenly to every SPL club.â? Things could get even worse for stricken Gers when league bosses meet at Hampden on May 30 to vote on changing their rules on financial fair play. Their proposals could see Rangers hit with a ten-point penalty for two more seasons if they exit administration through a newco. Gaffer Ally McCoist claims Gers are so vital for Scottish football they shouldnâ??t be hammered. But Doncaster â?? who met Ibrox buyer Charles Green at Hampden yesterday â?? added: â??The questions Rangers were asking were the obvious questions, where we are and where we plan to go. We spoke to members of the board from the SFA and also executives of the SPL. Itâ??s been a very productive day. â??We are happy everyone is positive in looking for the best for Rangers and the SPL.â? Green is still battling to take Gers out of administration through a CVA and not a newco. Crucially that would see them dodge a three-year suspsension from European football. Doncaster, though, argues there is not a huge difference between the two options. He said: â??Whenever I speak to people about the distinction between a CVA and a newco what I keep being told is itâ??s simply wrong that any club should be able to create a newco and shed debt. As if a CVA doesnâ??t lead to the shedding of debt. â??Administration is the protection the court gives you when you canâ??t pay your debts. â??There are two ways out of that â?? one is a newco, one is a CVA. â??Of the six administrations which have happened down south in recent years two went with a CVA and a newco â?? Crystal Palace and Plymouth â?? and there were four where there was no CVA and a newco. â??But the distinction between the two is relatively fine. I am baffled as to why such a distinction is drawn. â??When Livingston were relegated to Division Three did they cease to exist and start again? Of course they didnâ??t. â??Itâ??s not OK to waive £90million of debt, of course itâ??s not. But it happens. In football as in business.â? The SPL are still investigating the alleged â??double contractsâ?? at Ibrox but Doncaster revealed no verdict is likely soon. He added: â??It will take some time and, ultimately, itâ??s being done by our lawyers. â??How long will it take? How long has the HMRC case taken? â??These things take as long as they take.â? Meanwhile, Ibrox fans could push ahead with their plans to boycott away matches after Gers lost their appeal against the £160,000 fine and transfer embargo imposed by the SFA. Fansâ?? spokesman Andy Kerr said: â??After losing the appeal we will now consider what might be the best action to take in the interests of Rangers. â??There will definitely be a call not to support away matches because that is directly impacting on other clubs who are members of the SFA.â? Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4323943/Youre-nowt-special-Gers.html#ixzz1vD5hvvR7
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CHARLES GREEN last night admitted only â??five or sixâ? investors have pumped cash into his 20-strong Rangers consortium â?? but then insisted he has already raised £20million. The Ibrox clubâ??s prospective new owner met around 25 representatives of fansâ?? groups last night but refused their demands to identify members of his consortium or name the company he is using to complete the takeover. That meeting came just a few hours after Hampden talks with the SFA and SPL in which he tried to allay fears he might not be a fit and proper owner of the stricken giants. The former Sheffield United chief executive, who says the SFAâ??s midweek decision not to rescind a year-long suspension on buying players hasnâ??t derailed his £8.5m takeover, faces a battle to win over fans still reeling from the carnage wreaked by Craig Whyte and Sir David Murray. And last night Rangers Supporters Trust chairman Mark Dingwall made it clear meeting Green had not allayed their fears. Dingwall said: â??People are apprehensive. â??We need clarity on who potentially are going to be owners of our football club and he was not able to give us names. He said the people involved want confidentiality at the moment. â??He told us that five or six have committed financially to the group and 20-odd are considering doing so but no names. He said the administrators have seen proof they have a bank account with £20m deposited. â??We will have to wait and see how it develops but the fact he could not be transparent about the identity of his group remains concerning.â? One of Greenâ??s heaviest financial backers, Manchester businessman Mike McDonald, is on record as saying the consortiumâ??s strategy canâ??t work if they are not allowed to spend money on building Ally McCoistâ??s squad. But Green insists his plans have not been crushed by the transfer ban. He said: â??Wednesdayâ??s announcement was an option we considered when we bought the shares. We recognised there was risk and that case was already in the public domain.â? However, Green did not rule out the possibility of taking legal action to overturn the transfer ban. He said: â??We are now discussing all options available to the club.â? Green is still believed to be working on putting together his group of cash investors. But last night it seemed that former Newcastle United owner Freddy Shepherd was on the verge of turning down an approach to plough some of his millions into the buyout. If Green had wind of that yesterday afternoon, it certainly did not stop him losing his focus as he tried to sell himself to the SFA and SPL. Green said: â??The questions they were asking were the obvious ones, where we are and where we plan to go. We spoke to members of the board from the SFA and executives of the SPL. â??I think that itâ??s been a very, very productive afternoon. We are happy that everyone is positive in looking for the best for Rangers and the SPL. We were encouraged by the meetings.â? Meanwhile, supportersâ?? groups will not rush to react to the transfer embargo but it is clear they intend to take the fight to the ruling body. Dingwall said: â??It is the end of the season so there is a little breathing space to gather our thoughts. â??Itâ??s lunacy to place a transfer embargo on the club when a number of high-profile players can leave for vastly reduced prices in the summer. â??What happens if players get injured on Scotland duty while representing an organisation that has dealt such a savage blow to the club?" http://www.dailyrecord.co.uk/2012/05/18/rangers-in-crisis-charles-green-tells-fans-he-s-already-raised-20m-for-takeover-but-fails-to-name-investors-86908-23863849/
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How can you be convinced by anyone?,you just don't know how things will pan out until they actually do
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Fans' chief: Rangers must fight SFA ban to ends of the earth
ian1964 replied to ian1964's topic in Rangers Chat
A possible way to replace any loss of income is we could arrange a youth game at Ibrox charging a small entrance fee? -
Fans' chief: Rangers must fight SFA ban to ends of the earth
ian1964 replied to ian1964's topic in Rangers Chat
Is there an SFA rule,I know I know,that says every team must participate?,how much income would we lose?. -
Fans' chief: Rangers must fight SFA ban to ends of the earth
ian1964 replied to ian1964's topic in Rangers Chat
RST Reaction to SFA Appeal Rejection Thursday, 17 May 2012 16:43 The RST board is astounded the SFA have rejected the Rangers appeal. The SFA appear committed to killing of competition in Scottish Football. It is obvious others in the game wish Rangers to remain in the SPL and Scottish Cup but at an uncompetitive level due to the unprecedented transfer embargo. Craig Whyte is solely responsible for bringing the game into disrepute, as recognised by the SFA’s initial findings, and there is no evidence any other directors at Rangers Football Club had knowledge of the withholding of PAYE and NI contributions. This is the sole reason our club are being punished with the transfer embargo. Rangers fans decided on 28th April, that the Rangers Fans Fighting Fund (RFFF) committee would decide on any protests and sanctions from the Rangers support. We are represented on the RFFF committee and will be lobbying for the strictest possible sanctions against clubs, sponsors and SFA competitions. As we have already seen with action against William Hill this can prove to extremely effective. We will update our members with further information as soon as possible. http://www.rangerssupporterstrust.co.uk/rstsite/latest-rst-news/461-rst-reaction-to-sfa-appeal-rejection -
Fans' chief: Rangers must fight SFA ban to ends of the earth
ian1964 replied to ian1964's topic in Rangers Chat
I know,we all want this nightmare to end mate,but we have to make a stance,either that or we just roll over and take it. -
Fans' chief: Rangers must fight SFA ban to ends of the earth
ian1964 replied to ian1964's topic in Rangers Chat
"But at the same time, if Allan McGregor or Lee Wallace or Steven Whittaker get injured when they are playing for Scotland, how do we replace them?" An excellent statement and as good a reason as any for withdrawing our players from the international squad -
Fans' chief: Rangers must fight SFA ban to ends of the earth
ian1964 replied to ian1964's topic in Rangers Chat
Of course it's worth it!. You may find you are in the minority,it's up to each individual what they want to do but NO SURRENDER is the cry.