chilledbear
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Everything posted by chilledbear
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Money is their driving force. They couldn't care less about the fans. Supporters vote crucial.
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A group of Rangers supporters will write to the 50 major shareholders in Rangers International Football Club to urge them to take into account the views of fans and back their campaign for boardroom change. The Sons of Struth have held a series of protests against the directors, culminating in a red card display at Ibrox on Saturday that involved a significant majority of the home crowd. A group of Rangers fans will also meet Laxey Partners - the largest single shareholder - in London today. Laxey previously indicated they would take into account the views of supporters when voting at the annual meeting in nine days' time, but have since said they will vote to re-elect the current directors. All of the major fan groups have campaigned for change, including the Rangers Supporters Trust, the Rangers Supporters Association and the Rangers Supporters Assembly, with Sons of Struth taking an increasing role. The red card display on Saturday was the most prominent and heavily supported protest so far. "We're saying to the major investors 'Don't turn your backs on the fans'," said Craig Houston, a spokesman for Sons of Struth. "We're working with all the organised fan groups, and the response we had from the fans in the stands shows without doubt that the board does not enjoy popular support. To protect their investment and for the club to flourish, the investors have to stand with the fans. It's time for change." Fifty shareholders in RIFC own around 90% of the shares and a simple majority of those who vote at the annual meeting on December 19 at Ibrox will determine which directors - David Somers, the chairman, Graham Wallace, the chief executive, Brian Stockbridge, the finance director, Norman Crighton and James Easdale - remain in place and which of the nominees - Paul Murray, Malcolm Murray, Alex Wilson and Scott Murdoch - join the board. The Sons of Struth will urge the shareholders to "stand with the vast and overwhelming majority of the fans and demand change on the Board at Ibrox". http://www.heraldscotland.com/sport/football/rangers-fans-group-pressurise-investors.22915887
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I'm not surprised at the way this has gone. For all the anti McCollco rhetoric on Forums and the like, I honestly don't think there are that many. They go about in teams swamping Forums or twitter, which makes their numbers look bigger than they are. I await the counter demonstrations to SOS.
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Probably, but as I say those for the status quo are few in number. Laxey are thinking we are split down the middle it is just wrong.
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Double post.
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Good letter D'Art. Only as far as I can see there are very few Supporters who are against change, very vocal ( on the internet ) but very few.
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If they actually thought about it they would realise they are voting as our enemies would vote.
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I noticed Ally complaining that they have still not cut his wages. You would think this would have been done poste haste. As if they want Ally etc. to be on the books picking up a large wage.
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You have to wonder why he is not starting, on his game probably our best player.
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RANGERS fans will appeal to the largest shareholders in the Ibrox club to help kick out the board at talks in London tomorrow. Gers supporters are hoping to persuade Laxey Partners Limited to back the requisitioners' bid to be elected directors at the AGM next week. The Isle of Man-based hedge fund became the largest shareholders in the Glasgow giants last month when they bought another £1.3million stake. Laxey now own 11.64% of Rangers International Football Club plc. And they are poised to increase that by buying a further two million shares from former chief executive Charles Green before the AGM on December 19. Laxey have given their backing to the current board members throughout all of the off-field turmoil along with Blue Pitch and Margarita Holdings. And their support could prevent Scott Murdoch, Malcolm Murray, Paul Murray and Alex Wilson from gaining control at the general meeting. However, members of the London branch of the Rangers Supporters' Association will meet with representatives from Laxey tomorrow. And they hope to convince them to reconsider their stance and help vote the group backed by wealthy businessman Jim McColl into power. RSA general secretary Drew Roberton said: "The idea is to explain to Laxey in person the dissatisfaction among the Rangers supporters at the way the club is being run. "It is a bit of U-turn on the part of Laxey agreeing to meet fans as previously they had no interest in doing so for whatever reason. Their attitude seems to have changed." Laxey founder and director Colin Kingsnorth explained his reasons for backing the current board last month. He said: "I want to support stability, so I think that means supporting all current directors. "Shareholder worries are the use of cash, transparency and corporate governance. The recent appointments seem to address that." Rangers supporters staged a red card protest at the SPFL League One game with Ayr United at Ibrox on Saturday. And they are optimistic that demonstration - and the threat to "disengage with the club" - may bring about a change of heart. http://t.co/87tisBjLZm
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I read somewhere Easdale gave the thumbs up to someone giving it to Stockdale. -
financial figures on PM history, taken from RM.
chilledbear replied to j1mgg's topic in Rangers Chat
As you say opinions. You have to wonder where some get them when they give their support to the Easdales, Stockbridge etc. -
Taken from RM I will say that people were not told what hey were when being given the cards. I am a pretty sure they were fully red on one side and halved meaning if you didn't open it the. You would have a clue, and these were also placed on seats where I was meaning some people may have just picked them up when they saw other holding them up. I thought it was a much bigger success than previous display but not a over whelming majority, looking at the main stand it was not the majority, Copeland was maybe half, and broamloan was the majority. No-one around me knew what they were holding up at first.
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RM in denial mode.
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financial figures on PM history, taken from RM.
chilledbear replied to j1mgg's topic in Rangers Chat
So there is criticism for both sides. I don't think anyone doubts that. The question we all have to answer is who do we trust the most. If I want someone to run a Company for me, do I choose Murrays, Murdoch and Wilson, or Easdales, Stockbridge and Somers, not forgetting their mouthpiece Irvine. No contest for me. -
financial figures on PM history, taken from RM.
chilledbear replied to j1mgg's topic in Rangers Chat
It also looks like some fans will vote for anyone, as long as P. and M. Murray are kept out. You have to wonder when Rangers come into the equation. -
A statement from the four, who include former oldco Rangers director Paul Murray plus Scott Murdoch and Alex Wilson, read: "He started by making great play of having never heard of Charles Green, Imran Ahmad nor Craig Whyte. "You would have thought that a man who made a big deal of having been to big European nights at Ibrox, would at least have had a passing knowledge of central characters in our club's recent history. "He then talked of having read board meeting minutes from the last two years which show a 'lack of professionalism and worse' and concluded that the boards have been 'unfit'. We agree with him and that is why we have been campaigning for change. "He went on to say that it was a 'mystery' to him that members of these boards should be put up for re-election but yet he has two such members on his board at the moment. "Is he now recommending to shareholders that they should vote against Brian Stockbridge and James Easdale?" The statement added: "If he had taken time to read the minutes properly he would have noted that Paul Murray was not even on the board over the time period he refers to and he would also note that Malcolm Murray and Phil Cartmell, two of the non-executives, were voted off the board for challenging the lack of corporate governance and financial transparency in the club. "It is not entirely surprising to us that Mr Somers seems to be a bit vague on the detail on the basis that this is the same man who when we asked him how he had come about being appointed said that 'he couldn't really remember'. "Mr Somers then went on to defend Brian Stockbridge and Jack Irvine. "In the same breath he talked about improving communication with the fans. What a ludicrous statement. "As the chairman of the club he has had many opportunities to engage with his customers over the last month and he has chosen not to. "Had he taken the time to listen and engage rather than adopt a siege mentality he would have quickly found out that the fans want truth and transparency not spin and bluster. They also want the removal of Brian Stockbridge and Jack Irvine. "Mr Somers finished his rant by describing our group as 'fanatics'. If a fanatic is someone who, for no personal gain, stands up for his club's interests after two years of some of the worst corporate behaviour in modern history then we plead guilty as charged." The statement challenged Somers to prove he is "truly independent" by disclosing who is behind the Blue Pitch and Margarita shareholdings; get his board to commit to pledges they made in their 'Rangers Constitution'; stop "defending the indefensible with Brian Stockbridge and Jack Irvine"; be "transparent" on his appointment; and to meet the fans and explain his vision. The statement finished: "If you do that then people will start believing that you are independent. Until then it is just words." http://www.dailyrecord.co.uk/sport/football/football-news/rangers-rebels-challenge-chairman-david-2901228?utm_source=twitterfeed&utm_medium=twitter
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If you didn't laugh, you would cry.
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financial figures on PM history, taken from RM.
chilledbear replied to j1mgg's topic in Rangers Chat
They are Anti rather than pro. Anti - Paul Murray, Anti - RST, Anti - Mark Dingwall, Anti - FF, Anti - Chris Graham/Fury, in fact Anti anybody or anything associated with previous names. -
Will you or can you put them on Gersnet?
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I sometimes feel I am living in a parallel universe. Stockbridge, Easdales, Somers are the men to drive Rangers forward, intelligent Supporters are happy with this?? The Murrays, Murdoch and Wilson may not inspire us, but I would trust them to look at the Deals and Contracts that have been signed in the last 2 years.
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I would be very surprised if Somers had anything to do with this Statement.
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"I have now read over two years of board minutes and they make very depressing reading in terms of the scale of their lack of professionalism and worse. The minutes make it clear, in my mind, that the boards of recent years have been totally unfit to run this club. The mystery to me is why people should now be considering that members of these boards, which presided over the problems we face today, should be considered for re-election. Although I have learned one lesson, which is that if you shout long enough and loud enough in the media, you may be able to reinvent yourself." This is a strange passage considering who has been on the Board in the last 2 years. I make the present Board 2, McCollco 1
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I always thought Stockbridge would go before the AGM, reading this I'm not so sure.
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AS a listed company, the members of the Rangers Board have to be very careful and professional in the way in which we communicate information. This is clearly not the case for the requisitioners, who can make all sorts of wild and spurious allegations. My concern is that these unprofessional, wild allegations are being used just like bogey men were used when I was a child. But in this case, they are being used to frighten our supporters and shareholders. So, within the bounds of what I can say, I would like to put some of these bogey men to rest. Firstly, I read wild accusations that I may not be independent. This is usually accompanied by a list of names from the club’s past. Let me say categorically, that until I joined the Board a mere 4 weeks ago yesterday, I had never heard of Charles Green, Imran Ahmad, Craig Whyte, or any of the other characters in Rangers’ history. To my knowledge, I have never met them, nor had business dealings with them. Nor would I recognise them if I passed them on a street. When I was approached to join the Board, the Company had only two directors and the immediate priority was to preserve the AIM Listing. Surely it is naïve to think that there is any way the Nominated Adviser could have allowed anyone not totally independent to take on this position at that time? I have now read over two years of board minutes and they make very depressing reading in terms of the scale of their lack of professionalism and worse. The minutes make it clear, in my mind, that the boards of recent years have been totally unfit to run this club. The mystery to me is why people should now be considering that members of these boards, which presided over the problems we face today, should be considered for re-election. Although I have learned one lesson, which is that if you shout long enough and loud enough in the media, you may be able to reinvent yourself. Recent inaccurate and, in fact, completely untrue allegations have included a new bogey man about Jack Irvine's contract. I have looked at this and can say that he has a normal contract, with no bonuses attached and the figures quoted by Mr Scott Murdoch are utter nonsense. Let me also say that Graham Wallace and I are beginning a complete review of every contract that is in place. You can imagine that this is going to take weeks and then more time where contracts need to be changed. I have been on board four weeks yesterday and Graham less than that, but we have already begun this critical process. One area, where we are conscious that we need to focus, is in improving our communication and engagement with all Rangers supporters. We have already commenced work to identify what is required to fully engage with our fan base and we will be bringing forward some significant proposals in the near future. The Board is fully behind improving the communication and engagement with the fans. Another bogey man relates to the club's finances. We have said publicly a number of times that any talk of the club going into administration is completely untrue. Yes, we will need to make decisions to improve cash flows and strengthen the business, but these will be the right decisions at the right time. Another new bogey man thrown about by the Gang of Four is the suggestion that we might be thinking of selling Ibrox. We are not thinking about this. Where do the requisitioners get these ideas from? I promise you we have no intention of a sale. Brian Stockbridge suffers most from the lies thrown around by the people in the process of reinventing themselves. Even the requisitoners must understand that finance directors are members of boards and their actions are largely dictated by the board. Reading the minutes of the last two years or more, I see that Mr Murray was involved at board level for long periods covering contract and financial negotiations. It is not that Finance Directors make mistakes, rather that boards make mistakes, or worse. Without Brian, the club would, in my opinion, have been de-listed months ago and ironically the club should owe him a debt of gratitude for holding things together. Going forward, his new CEO, Graham Wallace, needs time to evaluate the whole structure within the business and the people within it. This will be true for Brian as for everyone else. For the good of the club, for the good of the supporters and for the good of the shareholders, I sincerely hope that the shareholders will get behind the existing board and vote for us. In addition, I encourage shareholders to vote against the four requisitioners. Firstly, because some of them were members or chairman of boards which failed this club in the past. Secondly, we need a Board selected from the best available people. Not just from fanatics who put their own personal interest ahead of the greater good of the club. If these people were to join the board they would be taking up positions which should be held in future by the best, professional people with Rangers true best interests at heart and not having their involvement driven by their own personal self interest. Best regards, David Somers http://www.rangers.co.uk/news/headlines/item/5759-an-open-letter-from-the-chairman