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chilledbear

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Everything posted by chilledbear

  1. chilledbear
    Does this mean those on the Investment Committee don't get their Bonus ?
  2. chilledbear
    I wonder how often Easdale attended before he got a seat in the Directors Box?
  3. chilledbear
    Calling Supporters of 40/50/60 years following Rangers as being disloyal, is probably the worst statement I have ever heard coming from the Rangers Boardroom.
  4. chilledbear
    Rangers are also understood to be on the verge of appointing Paul Tyrrell, the former director of communications at Manchester City, Liverpool and Everton, in a consultancy role. This from Richard Wilson BBC. http://www.bbc.co.uk/sport/0/scotland/27134948 During his time at Anfield, Tyrrell was alleged to have written a report comparing some Liverpool supporter groups to Cambodia's Khmer Rouge.
  5. chilledbear
    SC Want a job ?
  6. chilledbear
    Anyone hear anything before Friday? A rumour on twitter that former Liverpool and Everton Media Chief Paul Tyrrell will be on board before Friday.
  7. chilledbear
    Unless there are moves going on in the background, it all seems like a damp squib.
  8. chilledbear
    If Clarke had as much game time as Daly,we would have had another 15 or 20.
  9. chilledbear
    I think he has been out on loan this season.
  10. chilledbear
    Poster on FF saying we have agreed deals with Scott Allan and Hutchinson from 'Well.
  11. chilledbear
    Doesn't make easy reading, but thanks for your take on things.
  12. chilledbear
    I have never been a big supporter of King, but if Gibbons is against, I am warming to him. On another note, no wonder newspapers are in decline, far better written blogs than this, and better researched. Come back D'Art.
  13. chilledbear
    Another post from FF This is not a simple case of name your price nor is it a case of Dave putting a briefcase of money on the table to any director or CEO, there are many people who will have a say in our attempts to regain Rangers and yes they include institutional investors like Laxey. What I would ask is that posters accept that for obvious legal reasons and lurkers, there is only so much that will be posted in public domain, however this is a message to say that we have not and we will not surrender and I have a fairly good feeling that we will get what is right for the club. And anyone who thinks Dave would work with the current mob who breached his trust should re-think.
  14. chilledbear
    Graham Wallace will be finding little time for respite. A draft version of his 120-day business review is thought to be ready for senior figures within Ibrox, the rate of season ticket renewal uptake will be evident to the ticket office staff and supporters have raised questions about executive bonuses. He understood that he would not face conventional challenges when he took on the chief executive role at Rangers in November, but he will never have felt under greater scrutiny than now. Wallace brought with him an impressive CV and a strong reputation. Within English football circles, particularly at the highest level, Wallace remains an admired figure. Former colleagues at Manchester City, where he was chief finance officer then chief operating officer, still talk enthusiastically about his personal and professional qualities. Often, staff in other departments would turn to Wallace for advice on how to deal with difficult situations, even though they were not specifically his remit. Those qualities, and the experience gained during three years at IMG and five at MTV Networks, do not suddenly dissipate. Wallace understood the situation he was walking into when he accepted the job offer and believed that he could - as an independent figure - find a solution to the state of conflict around the club. The result of December's annual meeting of Rangers International Football Club shareholders was an endorsement of his credentials and he might not have anticipated such a protracted state of upheaval. Rangers fans have made vocal and visual protests about the way the club has been run It is questions that he has been assailed with. Former director Dave King, pointedly, asked if the board was seeking financing last December while Wallace was publicly declaring that there was enough cash to sustain the business to April. The Union of Fans asked about his bonus arrangements and specifically if he is entitled to 100% of his salary, the same contractual arrangement as one of his predecessors, Charles Green, and the former finance director, Brian Stockbridge. It was Wallace who removed Stockbridge from his post in January before bringing in the former Liverpool financial director Philip Nash in an advisory role. Both men have solid reputations, but neither is likely to have encountered such a difficult situation as the business of rebuilding Rangers. Wallace inherited a mess, with the money raised by the launch of RIFC on the alternative investment market having been spent and the revenue being smaller than the club's outgoings. Rangers were also tied into most of the commercial contracts agreed by Green, although Wallace has struck a sponsorship deal with the online casino, 32Red, which is for three years. There is, though, a fundamental challenge. Rangers need recapitalisation - something Wallace has always acknowledged - as well as the rebalancing of costs that the chief executive has been pursuing. At the AGM, he announced a 120-day review of every aspect of the business. This was a required initiative - the interim results to 31 December 2013 showed a £3.5m loss - but the timescale was ill-judged. Football clubs are simple businesses, with mostly fixed costs and income, but very difficult to run because of the impact of sporting performance on the finances. It seemed to supporters as though Wallace was buying time. There was also a credibility issue when it was announced in February that £1.5m was being borrowed from two shareholders, Sandy Easdale and George Letham, with the money secured against Edmiston House and the Albion Car Park, given Wallace's previous assertion about the cash in the bank. The 120-day deadline passed on Thursday 17 April and an update on the review will be released on Friday 25 April. It will need to declare how Rangers will raise the funds to match the investment requirements. Manager Ally McCoist's football department needs an overhaul The football department needs an overhaul, with a scouting network required, but also more strategic decision-making when it comes to the first-team budget. Costs are imbalanced and manager Ally McCoist agreed to accept a pay cut, but a long-term, sustainable approach needs to be implemented to return Rangers to the top flight in a competitive state. Ibrox Stadium and Murray Park also need maintenance work, but bringing the business back to an even keel by cutting costs and increasing revenue streams will not provide the level of additional funding that Rangers need in the short to medium-term. With the board having ruled out borrowing against their major property assets, the options are limited. A fresh share issue, which King is keen to underwrite, would dilute the holdings of any current shareholders who do not reinvest. This would alter the shareholder dynamic and the power base that supported the current directors at the AGM. It is this problem that Wallace has to solve. If he presents a review to the board that steers the business towards recapitalisation, will all of the directors agree? There is also the more pressing issue of season ticket sales. The renewal process is underway and the deadline is the week following the business review update. Many supporters have grown weary and cynical of the machinations, on all sides, of the saga. Yet renewals are critical, since the interim accounts published in March revealed that going-concern status for the next 12 months was only granted on the basis of an increase in season ticket prices and sales. If the renewal numbers are in decline, there is a legitimate question about how Rangers will be funded until the end of next season. Wallace is experienced and capable but also at the mercy of the situation he took on - although earning the trust of the entire Rangers fan base was always unlikely given the tensions that exist between different groups. There are some decisions he might, on reflection, have made differently, but it is the ones he makes now that will be critical, to his future and the club's. http://www.bbc.co.uk/sport/0/scotland/27081026?utm_source=twitterfeed&utm_medium=twitter
  15. chilledbear
    Thought I would put some more into what I have posted, I have nothing to gain or lose I suppose by posting on this board and dont want to hassle people, if the admin of the forum would like me to stop posting then they can private mail me and let me know. What I am saying is that I know 100% Dave will make a move in the next 7 days which will be to try and seize control of the club, you as fans will ultimately vote with your feet so to speak but Dave had to and has given this current regime all the time and met all their request made to him and to us as fans. I know this because I know this, you can believe this or you can ignore this, either way, I thought it would do no harm by posting the fact that Dave will be making substantial moves next week in order to be in a place to be the new majority owner come the summer. No ego, no nothing. its all about Rangers and where we should be, either follow or dont.
  16. chilledbear
    Another update. Thought I would put some more into what I have posted, I have nothing to gain or lose I suppose by posting on this board and dont want to hassle people, if the admin of the forum would like me to stop posting then they can private mail me and let me know. What I am saying is that I know 100% Dave will make a move in the next 7 days which will be to try and seize control of the club, you as fans will ultimately vote with your feet so to speak but Dave had to and has given this current regime all the time and met all their request made to him and to us as fans. I know this because I know this, you can believe this or you can ignore this, either way, I thought it would do no harm by posting the fact that Dave will be making substantial moves next week in order to be in a place to be the new majority owner come the summer. No ego, no nothing. its all about Rangers and where we should be, either follow or dont.
  17. chilledbear
    An update was the phrase.
  18. chilledbear
    It's the people he is dealing with, they are like a dog with a bone, and Rangers is the bone.
  19. chilledbear
    Sorry to hear about his hips, one of the best players we have produced at Ibrox.
  20. chilledbear
    Is it to do with his old injury?
  21. chilledbear
    Agree, there has to be more than depending on the Support.
  22. chilledbear
    From FF and the same poster today. The stay of execution has passed. The piece and quiet requested by the CEO to review a set of finances from the 19/12/2013 for 120 days has been passed. You wanted action from King, well expect to get it in the coming week. Again like last week I said I expected the statements and action after the football, but I would expect Saturday and Sunday to be pretty busy news days. As fans all you have to do is simple, pick a corner m
  23. chilledbear
    Easy money at Ibrox. What is more the fans just keep giving. It's a wonder executives aren't queuing up for a job.
  24. chilledbear
    Keep your 'seat' mate.
  25. chilledbear
    They are no Ladbrokes or Hills. They are only an on-line casino type company, so no they are not very big.
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