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  1. A sneering piece that seems to relish in denigrating us. I can't say it is wrong though. http://www.dailyrecord.co.uk/opinion/sport/keith-jackson-cold-hard-cash-4683056? Keith Jackson: Cold hard cash will determine Ally McCoist's future at Rangers Nov 24, 2014 08:03 OPINION BY KEITHJACKSON KEITH says that cash has always been the answer to Rangers' woes but asks, will the club be able to fork out to the cash needed to axe Ally? IN the end it will all come down to money. That is the Rangers way after all. This is a club which through the years has gorged on a diet of hubris and largesse and which bloated itself with mantras such as, “For every fiver Celtic spend we’ll spend a tenner”. It might just be the only business in the history of insolvency events to have allowed this spend-at-all-costs mentality to survive the catastrophe of liquidation. It’s drilled down so deep into the club’s DNA that it has become the answer to almost every problem it encounters. Whenever Rangers are in trouble the default position is to spend more and buy their way out of it with another fistful of Aye Readies. Few have been so steeped in this tradition as manager Ally McCoist, who earned stripes as a homegrown hero at Ibrox in the days when money really did seem like no object. A £185,000 legacy of more austere times, McCoist not only survived the Graeme Souness revolution but went on to thrive in this new
environment and whose phenomenal goalscoring exploits made him a priceless commodity throughout an era unrelenting cheque signing. Back then, McCoist was the exception to the rule. Today his fate is governed by it. Because the only bottom line that counts right now as far as the position of the Rangers manager is concerned is the huge sum it will cost to remove him and his backroom staff from the dugout. Even going by the most conservative of estimates, the costs involved in the bagging of the management team would run a long way north of £1m and right now that’s money this ravaged club simply does not have. The very notion that such vast sums could be ring-fenced for severance payments would certainly cause further distress to
auditors Deloitte – who have still not signed off the club’s latest accounts and are fast running out of days in which to so do. In fact, in order for an agm to be held before the year end as Stock Market rules dictate, Deloitte really ought to publish these latest numbers by no later than Friday of this week. The under-fire regime would then have a further three working weeks before being shoved out in front of shareholders just days before Christmas. It is already a damning indictment of the state of the club’s financial affairs that Deloitte have so far failed to put their name to these accounts and the longer they dither the more reason there is for concern. The truth is, Rangers are right back on the brink even though many supporters took comfort from watching Mike Ashley muscle his way into total control of the board room earlier this month. Recent history shows that in times of Ibrox panic there is nothing like a billionaire – radar detectable or not – to settle a few nerves but now Ashley has powered his way into the box seat there are serious decisions for him to make. What Ashley’s minions, Derek Llambias and Barry Leach, have discovered since they were dispatched to Glasgow and placed on the board may well have horrified them. The Sports Direct man did not become a billionaire by funding lost causes and yet that’s what he is now being asked to do in order to satisfy Deloitte the club is able to continue trading. If Ashley is not willing to offer up guarantees for several millions of pounds Deloitte may have to “qualify” these accounts – a development
that would prove disastrous for the reputation of almost any other company but which, given the state of all things Rangers, would merely add another layer to the farce. So far Ashley has agreed to drip feed Rangers with short-term loans in order to protect and strengthen his commercial contracts with the club. He has not just been saving Rangers with these handouts – he has been strangling them at the same time. Will he now be prepared to change strategy to fund them for the longer term because, if not, Rangers will be hurtling towards another insolvency. And, as major creditor, Ashley will be in complete control. But if, on the other hand, he opts to wade into this mess and bail it out for the long run what will that mean for McCoist? That’s the other question over which Ashley will have to chew this week because if he does decide to underpin this broken business he could also provide it with the cash needed to call time on McCoist. Ironically, that might buy him some goodwill among a growing group of Rangers fans who have lost patience with their manager and who, at Tynecastle on Saturday, voiced their desire for him to do walking away. Or a version thereof. That 2-0 defeat was the last straw for many and it might even be argued the majority of these fans have lost faith in McCoist now the football side of this business is finally getting serious and requiring urgent
attention. They simply don’t believe McCoist can recover the nine points which separate his side from Hearts and some of them suspect he may not be capable either of gaining promotion to the top flight through the end-of-season play-offs. The single-minded McCoist, it must be said, will disagree entirely. Often over the past three years he has reacted angrily to any suggestion he is failing in his duties and I say that as someone who has felt his full wrath from the other end of a phone on many occasions. But, at the risk of another fall-out, I’ll say it all again. When Rangers first reappeared from insolvency in the lowest tier of the Scottish game, McCoist wasted an opportunity to reinvent his team and introduce it to a contemporary, passing style of
football – much like the template Swansea used on their journey up through the various English leagues. Instead, in true Rangers tradition, he spent mind-boggling amounts of money on the recruitment of players who had no place operating at such a lowly level and who often looked as if they had no great wish to be there. But whether he stays or goes at this stage, with his journey not yet complete? That’s something only the money men will decide.
  2. http://www.dailyrecord.co.uk/sport/football/gordon-waddell-rangers-players-shrug-4678381 ALL for one – and every man for himself. Clearly Ian Black’s motto for Rangers’ new era. If ever you needed confirmation of the mink-lined vacuum some players live in, the Rangers midfielder was happy to provide it last week. “The only time it affects you,” he said, talking about his club’s off-field circus, “is when it gets to the stage when you’re not getting paid. “That’s the only time it will affect the players. Until then we don’t really pay attention to it.” Ten staff made redundant, 10 lives ruined six weeks before Christmas, 10 families thrown into upheaval. But as long as there’s unleaded for the Bentley and foie gras for the dinner table in the Black household, eh? Talk about being detached from reality. A month of Black’s wages would have kept a couple of those staff – his fellow employees – in jobs for a year. It never works that way, I get that. It’s never that simple. Like when Gers plunged into admin what seems like a lifetime ago and the players took pay cuts on the guarantee that no staff would be emptied. It was flawed logic at the heart of an even more flawed administration – but at least it showed the dressing room had some kind of conscience at the time, a little integrity. A base layer of decency. Clearly not the case these days. And perhaps wholly indicative that the complete Ashleyfication of the club is moving ever closer. The ‘he said, she said’ debacle between the Easdales, David Somers, Dave King, George Letham, Brian Kennedy and the entire ensemble cast has become a daily weeping sore, a little more pus seeping out every few hours on the wires. The court actions against those at the centre of the club’s shambolic descent. The giant cartoon sticking plasters that are Mike Ashley’s temporary loans, covering over one burst financial pipe only for another one to spring a leak right next to it. Fred Quimby would’ve had a field day with this kind of material. And those job losses. Always the staff, usually always the good guys who plod away in the background trying to keep the place ticking over while the bombs drop around them. You end up asking yourself who’s going to be left to switch the lights on and off, make the place function on a day to day basis, so many of them have been given deals. Then again, is that all part of the plan? If there is a plan? A few weeks ago, this column indulged in a little bit of devil’s advocation, asking whether a profit-oriented pragmatist such as Ashley wasn’t exactly what Rangers needed to get them running on an even keel, rather than the regimes who openly admitted to blowing £67m in 18 months. What price will they pay for it, though? Are Rangers just going to become a footballing branch of Sports Direct, a strip-lit, soulless outlet, centrally administered by faceless call-centre minions? What will become of the Rangers Charity Foundation? What about all the work in the community they do? The Rangers Study Support Centre? Are all these things still going to be funded, or will they be stripped away? Are they about to become a bare-bones operation without a care for what or who they represent? Will they have any values, or is it simply about value? From everything you hear about Ashley, he won’t give a toss about the periphery and the frippery. But they are questions that need answers because these are all things that make a club. They’re constituent parts of something that’s bigger than 11 players, four stands and two goals. Look at Celtic’s agm the other day. Look at how much is made of the culture of the club, its history, when it comes to things like the living wage and their staff being looked after. Look at an organisation like Big Hearts and the amount they do in the community, how much retaining its reach meant to them when they emerged from admin. Then look at Rangers and wonder what they’re going to look like when this is all done. If it’s ever all done. Wonder at what point an Ian Black WILL care about what’s going on outside his cocoon and whether there will be anything left of them to care about anyway. ************* Ian Black, your time is also up. Never have i disliked any Rangers player so much. The very definition of imposter. All this after the betting scandal and him asking fans "what the fuck do you expect" ? embarrassment.
  3. THE Crown Office will today issue a warrant for the arrest of disgraced former Rangers owner Craig Whyte, the Daily Record can exclusively reveal. Whyte is wanted in connection with alleged fraud over his purchase of the Ibrox club in 2011. The sensational news comes after it was revealed that police forces in England, acting on warrants from Police Scotland, made dawn arrests today in connection with a long-running inquiry into Rangers. Four men were arrested at addresses in Thames Valley, Surrey and Cheshire. The first of the four is Paul Clark, London managing director of former Rangers adminstrators Duff & Phelps. The other three are former Duff & Phelps north of England managing director David Whitehouse, David Greer, a former partner in the business, and Gary Withey, a solicitor who worked with Whyte’s law firm Collyer Bristow. The arrests came at 6am today. Whyte, who has a flat in Monaco, is believed to be out of the country. It is thought the allegations over which the men have been detained centre on claims that Grier and Whyte were known to each other before Duff & Phelps were appointed as Whyte’s choice of administrators for Rangers in 2012. HMRC had at first opposed Whyte’s choice of administrators. Whyte bought the club from Sir David Murray in 2011 for £1 promising to wipe Rangers’ £18 million debt to Lloyds Banking Group. It later emerged he had sold future season ticket sales to London firm Ticketus to finance the deal. In 2013 financial industry regulators cleared Duff & Phelps of wrongdoing over the Rangers’ administration, though they said the company had left itself open to criticism. http://www.dailyrecord.co.uk/news/sc...-crown-4628861
  4. http://news.stv.tv/west-central/299623-four-men-detained-after-police-probe-into-sale-of-rangers-in-2012/ I'd like to remind people of their legal obligations in speculating over individuals and alleged criminal behaviour.
  5. Strapped in for yet another transfer window? Well, here we go! Graeme Shinnie (Left-back, 23, Inverness Caledonian Thistle) Max Power (attacking midfielder, 21, Tranmere Rovers) Express Graeme Shinnie on wiki
  6. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12147393.html
  7. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12147419.html
  8. http://www.dailyrecord.co.uk/news/scottish-news/rangers-investors-sandy-james-easdale-4597710
  9. http://www.scotsman.com/what-s-on/tv-radio/dj-suzie-mcguire-tried-to-take-own-life-over-abuse-1-3586627
  10. http://www.rangers.co.uk/news/headlines/item/7812-notice-under-section-303-of-the-companies-act-2006
  11. keith jackson @tedermeatballs · 9s 10 seconds ago OK bed time. Back page will be up soon. Suffice to say a multi million pound bailout offer has been made by a three man consortium. https://twitter.com/tedermeatballs/with_replies
  12. THE financials to the end of June were expected to be published by the end of this month with an agm to follow within 28 days but with no date yet fixed there are concerns a delay could have a knock-on effect on fundraising plans. The auditors signed off on the half-year results in March with the caveat the business remained a going concern as long as season- ticket sales remained at the levels of previous years. FEARS are rising of a delay in announcing the annual results of Rangers and of possible financial consequences for the club. It had been reported the club’s financials to the end of June 2014 would be published before the end of this month, with an agm to follow within 28 days. However, Record Sport can reveal a date has yet to be fixed for the release of the annual results, with sources suggesting it has been delayed by the board. It had been anticipated Rangers would use their agm to put forward a motion seeking support for a new, significant share issue to guarantee the long-term financial future of the club. Any delay would have a knock-on effect on the timetable for fundraising, with the £3.13m brought in from the recent share issue only expected to see the club through until Christmas. Insiders suggest the board are either confident of raising funds from other sources or struggling to have their financial results okayed by auditors Deloitte. But a boycott by fans over the summer has seen season- ticket sales slump and left a black hole in the finances. Rangers would not need to go to the market for fresh finance in the short term if they secured loans from investors such as Mike Ashley or the Malaysian group who recently visited Ibrox. Their involvement would almost guarantee, at a stroke, that potential saviour Dave King would be destined to remain on the outside looking in. Rangers yesterday confirmed director Sandy Easdale had increased his stake in the club Asked to confirm a date for the release of their financial results a Rangers spokesman said: “No date has been fixed. We have a regulatory requirement to hold the agm by December 31 and will do so.”
  13. RANGERS have denied reports suggesting they have been contacted by the Indonesian Government over the club's involvement with convicted criminal Rafat Rizvi, who is wanted by Interpol. Newspaper reports in Indonesia suggested that the country's deputy attorney general had contacted bosses at Ibrox about the issue, but a spokeswoman for club vehemently rejected this. Government officials are understood to have been astonished to read media reports of Rizvi's meeting with Rangers' chairman of the football board, Sandy Easdale, two weeks ago. Following that meeting, the club claimed that Rizvi was acting as an adviser for a third party, Datuk Faizoull Bin Ahmad. However, Mr Bin Ahmad later denied this. It has prompted action from Indonesia's attorney general, his deputy and their minister of justice and human rights. Deputy attorney general, Andhi Nirwanto, is reported as saying: "We have already approached this club to tell them our views." The country's attorney general, Basrief Arief, also revealed: "We have filed a new request to Interpol in Lyon, France to hunt down the fugitive Rafat Rizvi after reports he was involved in buying a Scottish football club, Rangers FC. "We beg Interpol to look for him and to bring him back to our homeland in order to accept his sentence." However, a spokeswoman for Rangers said: "No approach has been made to the club by the Indonesian Government." UK-born Rizviwas sentenced in Indonesia to a 15-year jail term in absentia and a £775,000 fine for 'stealing assets' following the collapse of the country's Century Bank in 2009. http://www.heraldscotland.com/news/home-news/rangers-dispute-receiving-warning-over-rizvi.25386413?
  14. I sometimes use a site called NewsNow to get latest news on Rangers and there's a link that comes up often to a site called SCOTZINE. Some words of advice lads don't ever click on it, it's very anti-Rangers. You can stop it appearing on NewsNow by hovering you pointer over it's link and you'll get a wee message if you want to 'hide' it. Sorted, you won't get it back on your screen. You can do this with any stuff you don't fancy, I've done this with the Daily Record one as well because I can't stand that rag.
  15. Sportsmail ‏@ScotMailSport 29m Malaysian businessman claims he does not know fraudster Rizvi. @Mark_Wilson8 on the latest twists and turns at Rangers. In tomorrow's SDM Chris Jack ‏@Chris_Jack89 1m When is an advisor not an advisor? When he's Rafat Rizvi, it seems. Interpol may know who he is but the Rangers Malaysian delegation don't
  16. Between Richard Wilson and this article (with no apparent byline), the BBC have began to venture into a more accurate take on political matters at Ibrox. http://www.bbc.com/sport/0/football/29153590
  17. ANGRY Rangers fans are on the brink of staging full-scale boycotts of the club’s matches – amid new calls for Sandy Easdale to be axed as football board chairman. And brassed-off fans could also stop giving money to companies linked to the Glasgow giants – including McGill’s Buses and Sports Direct. The Sons of Struth protest group believes there is growing support among its members and other supporters for this drastic action. Sons of Struth founder Craig Houston confirmed his organisation is to poll its 1500 members over whether to boycott games and businesses. He said: “The feedback we have received from members and other fans is overwhelmingly in favour of boycotting games and businesses. “A very low percentage of fans have faith in the board. Every time a new revelation emerges we ask what we can do other than holding red and blue card demonstrations to highlight our unhappiness that is legal and this is one route we can go down.” “But there has to be a silver bullet moment where you say enough is enough. If that results in boycotts of your team, certain sports shops, certain transport or insurance companies, so be it.” The move comes after it emerged that shareholder Sandy Easdale had met with Malaysian businessman Datuk Faizoull Bin Ahmad and convicted fraudster Rafat Rivzi this week. Easdale was pictured with Rizvi, who is wanted by Interpol for corruption, money laundering and banking crime, in Glasgow. Last night the Union of Fans called on the Rangers board to remove Easdale over the visit. A statement said: “Mr Easdale has dragged our club’s name through the gutter once too often. Perhaps he feels his association with a man wanted by Interpol is acceptable. It is not. “Graham Wallace, Norman Crighton, David Somers and Philip Nash must dissociate the PLC board from this further attempt to involve Rizvi in Rangers’ affairs.” However, Rangers last night denied the meeting was connected with investment in the club. An Ibrox spokesman said: “The visit was organised as part of ongoing discussions between Rangers and Malaysian club Felda United with regard to a youth development partnership. “Mr Rizvi arrived without our prior knowledge. He is an advisor to Mr Bin Ahmad. Media reports suggesting Mr Bin Ahmad is in discussions with Rangers regarding anything other than youth development are untrue.” Meanwhile, other reports in England last night claimed Mike Ashley is prepared to sell Newcastle United for £230million so he can boost his stake in Rangers. http://www.eveningtimes.co.uk/ranger...048n.25297080?
  18. Apparently voting is now open for your favoured candidate in each section's short leet. I'm not a member myself but I'm sure someone can post the full list here if possible. http://fansboard.rangers.co.uk/
  19. "A turbulent week at Ibrox has put the club's future once again at risk. RANGERS face an instant SPFL disciplinary investigation if they fail to pay their players and coaching staff at the end of the month, it was revealed last night. Former director Imran Ahmad’s court victory on Friday, freezing £620,000 of the club’s dwindling £1.2million cash reserves, leaves the beleaguered Gers board struggling to make payroll. Now, if they default, rules introduced two years ago on the back of Hearts’ problems leave them no wriggle room. The potential punishments only apply to the club defaulting on its football wages, not an administrative salaries they have. However with their staff due their cash in the bank on September 25, the last Thursday of the month, sources believe they could be cutting it neat with a monthly burden of around £700,000 to meet. Regulations E17 and E19, introduced by the old SPL and carried into the new SPFL rulebook, cover any breaches of remuneration to players, coaches and management. Any default will be hit by an instant registration embargo. They will also then be subject to disciplinary procedures, which allow the governing body sanctions ranging from a slap on the wrist to docked points to exclusion from the league. The Ibrox club’s hopes of avoiding that scenario now rest with the success of their forthcoming £4m share offer, although from that figure, they’ll have to deduct a six-figure sum for costs plus £1m to cover the loan given to them by businessman George Letham. Director Sandy Easdale claimed in our sister paper the Daily Record in midweek that he wouldn’t be calling in the £500,000 he had lent. However Mailsport understands Letham, who has already given the club one extension on the terms he agreed, which saw his loan fall due from season ticket money, is adamant he’ll now take what he is due because he would rather have his cash back than be left with the car park his money is secured against. Rangers also no longer have any regular retail income following their decision to outsource that branch of their business to Mike Ashley’s Sports Direct, a move revealed earlier this week when 51 staff from their stores were TUPE’d acros to the the billionaire’s company payroll. It’s believed that although SFA rules prevent the Newcastle United owner extending his shareholding in the club, he could yet bail them out with loan payments to tide them through the coming months. The potential cost of those, both financially and to the club’s powerbase, is still unclear." http://www.dailyrecord.co.uk/sport/football/football-news/revealed-rangers-face-immediate-spfl-4177789? Comment: I realize it may be scaremongering and "the Mailsport understands" sounds almost like "We hope...". It is all so familiar, sadly, this kind of communique
  20. September 6, 2014 / billmcmurdo The Ibrox boardroom wars are still rumbling on, with the board doing more damage to themselves than the rebels can inflict. I am dubious of the so-called latest revelations – that Sports Direct magnate Mike Ashley was sold the naming tights to Ibrox for the price of 8 AAA Sony batteries. My feeling is this is an attempt to get the directors to release the real figure but if it turns out to be true, it is a massive hit against the beleaguered board. If the deal was made based on projections of Sports Direct selling boatloads of RFC merchandise, then it was still a poor one. The ball is now in the board’s court to reveal the true price of re-branding Ibrox. I have always backed the present regime but it is increasingly hard to muster confidence in their ability to steer the club through this difficult year. It doesn’t help that the board is hopelessly split, with CEO Graham Wallace having been “Matherised” i.e. converted to the rebel cause. Truth be told, Wallace has failed to provide the leadership and bring stability to matters behind the red brick facade on Edmiston Drive. The grand plan of the Fans Board has not galvanised the fan base but has been a monumental waste of time, effort, money and energy. Wallace’s alignment with those who have choked the sale of season tickets so necessary for the club to progress is a cave-in of epic scale. That said, the board’s feeble response to this has not helped engender confidence. I championed another contender for the post of CEO but was more than happy to support Graham Wallace when he took the reins. Now it is all a cod and the vultures are circling, ready to swoop in for the kill. It looks like the next phase of the Ibrox Civil War will be a head-to-head between Mike Ashley and Dave King. Question marks arise over the ability of either to invest substantially – both may be curtailed by football rules and in King’s case, he could be blocked by regulation here and in South Africa. Ashley will no doubt be turned into the antichrist by a Rangers-hating media here in Scotland. There is a consortium of people who are desperate to get hold of Rangers and if they cannot get control of the club on their terms, then they would rather see the club go under. King is their champion and this means he is their weakness. You get the feeling that when and if he is ever asked to actually pony up the money, he will not produce. Should the consortium prevail, with or without Daddy King’s involvement, Rangers will probably never be as dominant as they were at the peak of the SDM years but they will challenge Celtic for the Premiership. Success in Europe will be a pipe dream. Ashley and others are Rangers’ best bet of going to a higher level. Their vision and collective financial clout exceeds by far the grasp of the consortium. It is all about a clash of ideologies and visions. The problem for this board and investors like Mike Ashley is that they are trying to fight a battle based on AIM regulations against people who are not bound by these. The battle for Rangers is a street fight, a rammy, not a game of bridge in a gentlemens’ club. It’s time the board at Ibrox realised this. “Ground on which we can only be saved from destruction by fighting without delay, is deadly ground.” SUN TZU
  21. Mike Ashley to up his stake in Rangers to 9.9% through the current share issue. Source SSN” Sources close to Mike Ashley say there are no immediate plans to invoke the naming rights at Ibrox stadium #Rangers @charlesp_sky: It's understood Ashley views his interests in Rangers as purely strong commercial ones which he intends to protect
  22. DR publishing interview with Sandy Easdale tomorrow.....and also running a headline that the naming rights of Ibrox being sold for £1!! Rumours are that the naming rights are given for £1 plus underwriting the share issue. Not 100% sure though. Looks like more grim news on the way bears....buckle up!!
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