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  1. There's been a lot of water under the Forth bridge since Rangers last played Dunfermline. Not only were the Pars the last team we played before we entered administration in February 2012; the Fife outfit have also suffered an insolvency event of their own, although - unlike us - they had the opportunity on the pitch to avoid dropping down two leagues since that game at East End Park 21 months ago. It's amazing that less than two years later our paths are crossing again under markedly different circumstances. It certainly seems that although our fiscal troubles were eerily similar (though on different scales) the football authorities and fellow clubs were happy to accommodate Dunfermline a bit more charitably than they did us. C'est la vie and there's no doubt their support have gone the extra mile in their efforts to avoid similar future issues. While Rangers fans argue daily with their own shadow, Dunfermline supporters' group Pars United agreed a Company Voluntary Arrangement (CVA) with creditors in July and the final details were completed last month. Pars United has also acquired East End Park, which was in administration under a separate company, as part of a community ownership structure. In effect the fans now own their club. Sure, that doesn't necessarily mean a safe (or successful) future for Dunfermline but I'd be lying if I didn't say I wasn't at least a little bit envious of what they've achieved so far - in little over six months as well! Of course, as touched on above, scale is as much a reason for our differing paths as anything else. East End Park may be small and dated in comparison to Ibrox Stadium but its overheads will be rather less. The same can be said for the leasing of the Pars' Pitreavie training ground compared to the costs of running Auchenhowie. Meanwhile a cursory examination of both club's squads and wage bills shows why Rangers are already 11 points (and 33 goals) ahead of their considered closest rivals for the SPFL League One title. The two clubs may have suffered from similar fates in recent times but, as much as Dunfermline have an equally proud heritage, the differences off the park should ensure a difference on it - tomorrow night at least. The main reason for this will be the players Ally McCoist has at his disposal. Not only has the Rangers manager been able to retain internationalists such as Lee Wallace and Lee McCulloch (who both played in the last Pars match); he's been able to supplement his huge squad with Scottish Premiership quality players like Cammy Bell, Nicky Law and Jon Daly with the latter two in particular being the main reason for Rangers' unbeaten league campaign so far. Unfortunately for Dunfermline, despite more international matches on the horizon, it appears McCoist will be able to rely on pretty much the same starting XI again which has changed only minimally over the last couple of months. Any late injuries aside, only the one change is expected tomorrow evening with Ian Black returning from a Scottish Cup suspension to replace Kyle Hutton in midfield. The Rangers manager may wish to rotate one or two others into the team but that's unlikely on the whole. This should mean a very familiar team along the lines of below: Possible team (4-4-2): :rf: :jig: :ap: :ib: :lm: :jd: All in all, Rangers should win tomorrow night and, no matter the result, there's little doubt that we are overwhelming favourites to win the League One title as well. However, as the Pars fans look forward to a new future of their own making, can the same alleged certainty be applied to the challenges we face off the park? In that sense, Dunfermline may have already sneaked a win over their supposed Rangers supporting peers.
  2. https://www.facebook.com/SonsOfStruth
  3. Its probably the perfect title for a saga where truth and fable are as difficult to separate as any Arthurian Legend. In one of Camelot's famous towers we have blogger Bill McMurdo, apparently revelling in his recently acquired nickname of Merlin. In another we have the requistioners of Jim McColl, Malcolm Murray and a remnant of the Blue Knights in the shape of Paul Murray. The latest attempt to pull the sword from the stone came from the wand of Bill, who conjured up an interesting spell in his blog. It read : For those of us sitting at the round table, trying, often forlornly, to make sense of it all, it is a significant development, and without putting too fine a point on it – a serious allegation. The truth and veracity of this allegation may well be a determining factor in determining who is to be believed and who can be trusted. The identity of those behind Blue Pitch Holdings and Margarita has been an issue of major concern for Rangers supporters, with some discussions even raising a fear that the dark spectre of Craig Whyte may be behind them, and the consequences of that for our club. The anonymity of these investors is an issue the requisitioners have focussed on recently : Jim McColl :- http://www.dailyreco...-murray-2665945 Malcolm Murray :- http://www.scotsman....crecy-1-3172886 The question on the minds of a lot of Rangers fans is would that big stick have been brandished Malcolm if Blue Pitch and Margarita supported the requisitioners ? In fact would the identity of these investors even have been an issue ? Perhaps if the requestioners undertake another question and answer session it is a question which should be asked of them “ Did you or have you attempted to recruit the support of the anonymous investors Blue Pitch Holdings and Margarita ?” Someone somewhere is misleading and misdirecting the Rangers support. It is either Bill McMurdo or the requisitoners. All I would ask is whoever is guilty would you please do the honourable thing and fall on Excalibur – this support have been fed enough bullshit in the last few years to last a lifetime.
  4. ALLY McCOIST has no issue with the SFA hosting the Scottish Cup final at Parkhead – but admits he’s ‘baffled’ by the choice of Easter Road as the Ramsdens Cup final venue. It was announced yesterday the last game in the country’s main knockout competition will be staged at Celtic’s home ground next may, with the semi-finals taking place at Ibrox. And while he feels it might have been worth waiting a little longer before making that call, the Rangers manager is content enough with that decision. He’s less settled with where the Challenge Cup decider will take place given demand for tickets is likely to significant exceed the capability to accommodate. Hibs’ stadium in Leith holds just over 20,000 fans and it could be argued the ground is a size which is reflective of the competition it will host the last tie for. Past figures suggest Gers would easily fill the stands in Leith themselves and McCoist doesn’t see why somewhere bigger couldn’t have been selected. He said: “If the Scottish Cup final can get held at Celtic Park, I’d have thought the Ramsdens Cup final could have been held at Celtic Park too. “That baffles me, to be honest. If I’m the managing director of the sponsors, I’d want it at the biggest venue. “It would have been an opportunity for coverage and revenue. That would have been more sensible to me. “They’ve decided to take the game to Edinburgh and in doing that, I would have given it to the club (Hearts) that needs the money. “I’d have given the final to a team that’s in administration and tried to help them out that way but for whatever reason the game’s at Easter Road. “We are fine about that and I don’t have a problem with it at all. For the reasons I’ve given, it’s maybe a strange decision but we’re not going to moan about it. “We’re delighted to be in a cup final and we’ll go to Edinburgh but I can understand why our fans aren’t happy about it. “I’m on their side. I want as many Rangers supporters wanting us in that cup final as humanly possible. “We’ve got 36,000 season ticket holders and I don’t think there’s any doubt we could fill wherever with our supporters.” McCoist admits he wasn’t consulted on the Ramsdens match venue, which will host that game on April 6, when it is fair to think he might have been. He’s more at ease with the Scottish Cup climax happening at Parkhead, even if he thinks it would have been worth seeing how far the Old Firm went in the tournament first. McCoist added: “There are arguments for and against it. A similar argument would be that if we were lucky enough to get to the semi-finals, we’d have a home tie. “I can understand if people aren’t happy with it and I’d certainly be happier with it if I was Neil Lennon and Peter (Lawwell). “One thing I would say is at least we know where we are. A marker has been put down and the rules have been made so we can get on with it. “Possibly it would have been better to wait and for me that would probably have been more sensible. “If ourselves or Celtic weren’t in the competition, a decision could have been made in terms of taking a home advantage away. At the same time, we are where we are.” Copyright 2013. Permission to use quotations from this article online is only granted subject to appropriate source credit and hyperlink to http://www.rangers.co.uk http://www.rangers.co.uk/news/headlines/item/5431-a-baffling-decision
  5. Ringing fugitive on Interpol wanted list not unusual in new world of Rangers KEITH tells how trying to make contact with a man on Interpol's most wanted list is hardly unusual in the weird world which Rangers now inhabit. IT’S not every week you speak to someone on Interpol’s most wanted list. In fact, after 20-odd years writing about football for a living, this was something of a first. Not that it was actually much of a conversation. “Hello, Mr Rizvi,” “Hello, who is this?” “Keith Jackson from the Daily Record newspaper in Glasgow, I want to speak to you about your involvement in Blue Pitch Holdings.” “I think you have the wrong number my friend, I would ahem (click)...” “Mr Rizvi? Rafat? Hello?” “BEEEEEEEEEEEP!” That was about the size of it. Hardly earth-shattering stuff. In fact, the only truly remarkable thing about this conversation is that it needed to take place at all. But this is the way of it at Rangers in 2013 – this club has long since disappeared through the looking glass. Vanished into a world which is as much about the fugitives as it is about the football. I phoned straight back but Rafat Rizvi, or whatever this plummy-voiced gentleman calls himself these days, didn’t answer. So I followed up with a text message, offering to speak on or off the record and pointing out that the identities of those anonymous investors behind Blue Pitch and Margarita Holdings were likely to be made public soon. Again, no response. Perhaps he was just busy. Then again, perhaps men who are on the run from the authorities over a £600million bank fraud, facing a potential death penalty in Indonesia, don’t do protracted conversations. Not with press men at any rate. Which would be fair enough were it not for the fact the future of Rangers hangs in the balance all over again and that there are many thousands of supporters out there who are beside themselves with worry and who are asking for one simple thing from their club, the truth. Remember that? It’s not easy where Rangers are concerned. This is a club which currently employs more spin doctors than it does directors, a business which is engulfed in a cloud of its own toxicity. A company which attempts to confuse its own customers with an unrelenting barrage of spin and counter-spin. The truth? So many lies and so much misinformation has been spread in the name of Rangers that the truth has become a complete stranger. It has been twisted and distorted to such an extent that it has become almost unrecognisable. And it has to stop, for the sake of the fans and for the greater good of the Scottish game in general. It is time for Rangers to reconnect with the truth. Which is why it would have been nice had Rizvi stayed on the phone for a longer chat. He might have been able to clear up many of the issues which continue to distress these supporters and cause them sleepless nights. Just who are Blue Pitch for example? These mysterious offshore backers of Charles Green, who financed the Yorkshireman’s takeover, buying up Ibrox and Murray Park for a £5.5m snip thanks to the stupendous generosity of administrators Duff and Phelps. It would also have been of interest to ask Mr Rizvi, a long-standing associate of Green and shamed former commercial director Imran Ahmad, if he could shed any light on some of the names of those behind the equally mysterious Margarita. Between them, Blue Pitch and Margarita hold a 15 per cent stake in the club and their voting power – which has been handed over by proxy to the Easdale Brothers – could swing the balance whenever this club finally allows its shareholders to vote on the make-up of the boardroom at its long awaited agm. Could it be that Brian Stockbridge, for example, is to be found standing behind Margarita’s door? Just asking because if the financial director was to be among these penny-a-share investors then it’s no wonder they are attempting to block the changes that would ultimately lead to Stockbridge’s removal from power. Right? Here’s another thing. Did you know Stockbridge and James Easdale last week signed off on a robustly worded warning to the club’s entire workforce, making it clear that information leaks from inside Ibrox will not be tolerated? That’s right. Stockbridge, who infamously filmed former chairman Malcolm Murray worse for wear at the end of a long night out, and Easdale, who endorsed the return of a certain spin doctor to the club. The hypocrisy is mind boggling. In fact, it smacks of yet another hamfisted and ever so slightly sinister attempt to suppress the truth. The fact that their internal memo has already been leaked out on to the internet is a delicious irony. Much has gone on behind the scenes of this club in recent times which defies belief. Senior, trusted and hugely respected figures have been horribly intimidated. These people too have a story to tell. Just like Rizvi. It would do Rangers a world of good if one day the whole truth emerges from this distasteful debacle, no matter how unpleasant or even inconvenient that truth might be. The truth is all that can pull Rangers back from this world through the looking glass and allow it to look at itself in the mirror once again.
  6. http://www.scotsman.com/sport/football/spfl/former-celtic-chairman-brian-quinn-s-uefa-financial-role-1-2386596
  7. Taken from FF Sectarian Songs that are now being targetted by the Focus group include Include - Carsons Army (We're the volunteers of the UVF) Build My Gallows (Altogether for the YCV - Described as being not the YCV of the 1916 WW but the right wing youth element of the UVF?!) Fathers Advice (**** Bobby Sands he's Deid is now being classed as sectarian) No Pope of Rome (no nuns and no priests **** yer rosery beads) Focus are filming the crowd and if you are identified and witnessed singing these songs you will be arrested for this Im not wishing to dicuss the rights and wrongs of this, to me the whole world has gone PC mad, Ive spoken to admin about how I got the information and thought it was only right I try and warn fellow Supporters. ----------------------------
  8. How many truly World Class players have played for the club? Jim Baxter for one. Any others?
  9. ON the advice of police, Brian Stockbridge, the Rangers finance director, has had to improve the security system at his family home following a photograph of the property being published on the front page of a newspaper on Friday. Police went to his home and installed “what can be legitimately called a panic button” according to a person familiar with the story. Stockbridge has come in for heavy criticism over the way he has managed Rangers’ finances and incurred the wrath of the fans when videoing Malcolm Murray when the former chairman was under the influence of alcohol. Much of the flak has been par for the course for an executive in his position, but lately there has been a number of more objectionable threats made online and the publication of a picture of his distinctive home alerted the police to a possible risk to his safety and the safety of his family. On various supporters’ websites there was anger over Stockbridge purchasing the house with the help of a £200,000 bonus awarded to him when Rangers won the Third Division title. The house was purchased a year before, however. Stockbridge has resisted calls to resign, but protests are ongoing. Stockbridge and James Easdale are the only remaining directors on the plc board following the recent departures of Ian Hart, Bryan Smart and Craig Mather. http://www.scotsman.com/sport/football/spfl-lower-divisions/rangers-brian-stockbridge-improves-home-security-1-3148990
  10. Folks, What are your favourite memories of Dutch Rangers players of the past, both Advocaat era and non-Advocaat era? Favourite Dutch player (or players), combinations of players in the team, favourite games? Just basically looking for fond memories, anecdotes, memories of a favourite game (or games) and any specific stuff you care to mention! A quick recap of some of the Dutch players: Dick Advocaat era: Ronald de Boer, Michael Mols, Giovanni van Bronckhorst, Artur Numan, Bert Konterman, Fernando Ricksen. Outwith the Advocaat era: Frank de Boer, Theo Snelders, Ronald Waterreus, Pieter Huistra, Peter van Vossen. (If I've missed any players please chime in!)
  11. Sandy Easdale statement to PA: In recent days there have been suggestions that I speak publicly to the media about my family's involvement with Rangers Football Club. At this stage I do not think getting embroiled in incessant speculation is in the best interests of Rangers I have no desire to criticise any individual or group and believe the constant tit for tat that we have seen recently is damaging the Club. I am a committed investor and fan and want nothing other than to see Rangers continue its progress back to the top of Scottish football. As far as I'm are concerned there is a business plan in place and I am certain the directors will do everything to ensure that it continues to be implemented.
  12. No directors at game today, so that's two games without any Rangers directors, has this ever happened before?
  13. An magnificent example of how the sport should be played......if that sport is running around, chasing after where the football used to be 5 seconds before you got there for 90 minutes and then kicking people when they're lying on the ground. Even more magnificently, they managed to restrict Barcelona to a mere 82% of the possession - a huge improvement on the 88% Barcelona had last year. I'm looking forward to wee neil explaining how, despite being made to look like a shower of talentless tits for an hour and a half, Celtic were actually the better side, how Brown didn't deserve to be sent off for kicking Neymar in the back and how they can still qualify for the knockout stages.
  14. By the always readable Richard Wilson: http://www.heraldscotland.com/sport/football/new-board-must-take-their-seats-first-before-rangers-can-be-comfortable.22446513
  15. http://www.rangers.co.uk/news/headlines/item/5288-chief-executive-steps-down CRAIG MATHER has today left his position as Chief Executive of Rangers International Football Club Plc by mutual consent. Mr Mather has agreed to stand down in an attempt to help calm speculation over the governance and executive management of Rangers. Mr Mather said: “The interests of the Club are of paramount importance and I believe these are best served by me leaving the Club. “Despite recent events and speculation, the facts of the matter are that the Club is financially secure and in a far better place than it was a year ago. “Unlike most football clubs Rangers has money in the bank, no borrowings and this season we have assembled a squad which is capable of progressing through the leagues. “I have enjoyed a very constructive relationship with Ally McCoist and wish him and the team every success. “My short tenure as chief executive has been beset by incessant attempts to destabilise the operations of the Club, all done supposedly in the interests of Rangers. “I had real faith in the rebuilding of Rangers and invested significantly in the Club. Sadly, those who have been most active in upsetting the very good progress we have been making were not willing to do the same. “I leave with my head held high and will remain as a shareholder and a supporter of Ally and his team. “I would also like to pay tribute to the outstanding commitment and loyalty of Rangers supporters. “No individual is more important than Rangers and my departure will hopefully alleviate some of the pressure surrounding the Club and herald an end to the current hysteria, which I believe most fans desperately want to see. “I have always tried to do my best for the Club and the fans and I will continue my support of what is a fantastic Club. “There are a great many good and thoroughly decent people working with Rangers and I am proud to say that I was able to stand alongside them for a time. “It is often forgotten that I put in £1m of my own money but I can assure everyone that it was never about the money for me. “I consider it to have been my privilege and I am certain that once the Board is settled Rangers will be restored to the top of Scottish football. “I wish Rangers and the fans every success in the weeks, months and years ahead. I will continue to follow the Club’s fortunes and support the team which is playing an exciting style of football. In fact, I hope to return to Ibrox and take in as many matches as my time will allow.”
  16. CELTIC shareholders are demanding the club’s board lodge a formal complaint with UEFA over Rangers’ readmittance to the Scottish Football League following its financial collapse. A resolution set to be tabled at the club’s AGM on November 15 calls upon the board to demand a probe into how “an unqualified new club” formed after the Ibrox side’s liquidation was allowed entry into the league by the SFA. They claim Scotland’s footballing bosses contravened the UEFA code of conduct by granting a licence and put other clubs vying to enter the league at a disadvantage. The Celtic board has urged that the motion is rejected, saying that requesting a UEFA investigation would be “unnecessary”. But shareholders have promised a “fiery debate” over the resolution, which states sections of the Hoops’ shareholders have “no confidence in the SFA’s governance”. Rangers entered administration in February last year. Charles Green’s Sevco bought the club’s assets last June as it faced liquidation and later changed the name to The Rangers Football Club Plc. The Ibrox club was removed from the SPL but its membership of the SFA was transferred to the new owners, allowing it to start last season in Division Three. Celtic shareholders have raised questions about the SFA’s decision, claiming it displayed “a disregard for the rules and spirit of fair play” and “contradicted FIFA, UEFA and SFA mission statements”. The resolution also claims the SFA was involved in “secret cross governance agreements” to get Rangers back in the league, allowed the club to compete “without proper registration compliance” and that the SFA failed to initiate an “inquiry on improper player registration”. It is also stated “our concern is directed at the governance of the game in Scotland, the SFA, and its apparent disregard for the licensing designed to protect against such commercial impropriety and ensure sporting integrity”. http://www.express.co.uk/sport/football/436527/Celtic-shareholders-want-UEFA-to-probe-SFA-over-Rangers-punishment?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+daily-express-scotland+%28Daily+Express+%3A%3A+Scotland+Feed%29
  17. Another good piece by Richard Wilson: http://www.heraldscotland.com/sport/football/king-ready-to-take-the-throne-but-ball-is-in-rangers-court.22429434 Is Dave King returning to Ibrox as chairman or not? Dave King, left, and Paul Murray are long-time allies That remains a possibility. Craig Mather, the Rangers chief executive, and Brian Stockbridge, the finance director, agreed the terms of King's return when they met him in South Africa last week. The confidentiality of the discussions was broken, and proper regulatory procedures have still to be followed through, but the Glasgow-born businessman wants to help the club with his experience and, potentially, his wealth if a new share issue is launched. Would this be as chair of Rangers International Football Club PLC or the football club board? King would be joining the PLC board as chairman, once the proper procedures have been carried out. What is delaying this proposal? The board has yet to meet to vote on King's appointment. Ultimately, it is the directors and the shareholders who appoint the chairman, and if King assumes the role ahead of the forthcoming annual meeting, he will be up for re-election along with the rest of the current board. It has been suggested that Rangers' nominated advisor (NOMAD), Daniel Stewart, would not recommend King for a directorship of a company listed on the Alternative Investment Market (AIM). However, it is understood the board have not been told this by the Nomad. King has settled his issues with the South African Revenue Service over breaches of the Income Tax Act and all fraud charges against him were withdrawn. He is executive chairman of Micromega Holdings, the South African investment company that is listed on the Johannesburg Stock Exchange, and as one experienced city source said, "It's highly unlikely that he would fail an AIM test if he's already chairman of a PLC in a 'competent' jurisdiction elsewhere". King has completed all of the necessary disclosure paperwork. What if the board and the Nomad disagree? The Nomad must ratify any appointment, but it is the decision of the board and shareholders to appoint a chairman. Normally, the Nomad would take soundings from regulators ahead of any proposed appointment. In the unlikely event of a disagreement, the Nomad would resign and be replaced. Rangers are on to their third Nomad in less than 12 months. So where does the power lie? As with any PLC, it is the shareholders who exercise ultimate control. The dynamic within the boardroom has been highlighted by King's proposed involvement, since Mather, Stockbridge and non-executive director Bryan Smart are all understood to favour King's appointment. The stance of James Easdale, the fourth member of the PLC board, has not been declared publicly. He and his brother, Sandy, who sits on the football club board, own or have the proxy for almost 25% of the club's shareholding. King has popular opinion and wealth behind him, so could become the ultimate power broker, but his motives are well-established: he will first and foremost act in the best interests of the club. How does all of this affect the forthcoming agm? King would chair the meeting, but his presence could be seen as an endorsement of the directors. This may sway some shareholders, but ultimately the four current board members will be up for re-election and all the shareholders who vote will decide on their future. King is seen as independent of the disgruntled institutional investors who wish to see the four directors replaced with nominations of their own - Paul Murray, Malcolm Murray, Scott Murdoch and Alex Wilson - but they want the same outcome as King: a stable, financially strong, well-run business with experienced corporate governance practitioners on the board. What about King and Paul Murray? Murray could have joined King on the board immediately, but the price for this was to withdraw the court action taken by the disgruntled shareholders to have their director nominations included in the AGM resolutions, which they won at the Court of Session yesterday. Murray, on a point of principle, did not want to abandon those shareholders or Malcolm Murray, Murdoch and Wilson. King and Paul Murray, though, are supporters of each other and if King does eventually gain full control, Paul Murray would likely serve on the board alongside him. And how does yesterday's Court of Session result affect the state of play at Ibrox? It is a setback for the board, since the judgment was they were wrong to block the four nominations. The agm was to be held on October 24, but will now take place 21 days from new resolutions being posted to shareholders, so the likely date is in early November. King's potential appointment would not make any difference to the boardroom changes being sought by the disgruntled institutions. Equally, King's involvement is on his own, unattached to any other faction. The agm vote is too close to call, since the Easdales - whose near 25% holding is essentially the group of shareholders once fronted by Charles Green - and the shareholders behind the four nominations have almost equal backing from committed supporters. There is a further 12% of shares held by individual fans or the Rangers Supporters Trust, and the rest of the investors are disparate individuals, including Mike Ashley of Sports Direct, Richard Hughes of Zeus, Laxey Partners and, even Ally McCoist, the Rangers manager.
  18. DAVE KING made the following statement tonight: "I confirm that I held talks with Rangers Chief Executive Craig Mather and Finance Director Brian Stockbridge in South Africa. I wished the discussions to remain confidential until something definite was agreed- one way or another. I have maintained that confidentiality. However, given my awareness of incorrect inferences being drawn in the media I would like to make a limited statement at this time. "The discussions were, to my mind, very positive and it was agreed that subject to the normal regulatory approval I would put my name forward to join the Board and to serve as Chairman. "Such an appointment is of course subject to the approval of the existing Board members and ultimately the shareholders of the company. There are also mandatory regulatory requirements that must be complied with and take time. I have already submitted all the necessary documentation. "News of the meeting has found its way into the public domain and this has unsurprisingly resulted in speculation as to the nature and the outcome of the meeting. In reaction to this speculation and to give some clarity to the club's fans I would like to address a couple of points at this time. "First, my willingness to become part of the future of the football club is based simply on my love for the club and my desire to support the club with a combination of my business expertise and my willingness to make a further investment. "In particular I see a present need to utilise the time we have over the next few seasons to be prepared, both financially and on the pitch, to compete with our Glasgow neighbours when we get back to the top League. "My involvement is not linked in any way to any other individual, albeit I have my private thoughts as to certain individuals that might add value to the club going forward. Ultimately it is for the shareholders to make such decisions. The recent settlement of my litigation in South Africa removes any impediment to my appointment to the board. "I want to make it clear that I agreed to join the Board only after intensive and detailed discussions with the existing executives and because I believe I can help them by playing a significant role in driving Rangers forward and finally putting the past behind us. "It is sad that every month of the continued disunity between the fans and other stakeholders is eroding our ability to be ready for the step up to the premier league. We do not have time to waste. "It was also made clear by Mr Mather and Mr Stockbridge that Rangers are not in need of an immediate financial injection but we agreed that now is the time to commence a new round of funding to ensure that it is available in an orderly and cost effective manner when required. I wish to lead that fund raising exercise and being on the Board will greatly assist me in that regard. "I believe that the timing is right for me to take this step and I look forward to the opportunity to work with the current directors albeit I would have preferred to have my appointment confirmed prior to communicating my further thoughts. Unfortunately the rumour mill necessitated this short statement. If matters proceed as I hope over the next few days then I will be present at the AGM." http://t.co/LgzX419pNl
  19. "I can confirm our talks with Mr King were extremely positive and Mr King made it clear he wishes to join the current Board to help us ensure Rangers are ready and fully equipped to move up to the next levels. "We would be delighted to have Mr King, with his knowledge of the Club and business acumen on board and as can be seen from his own statement he is happy to join us right now in the quest to take Rangers back to the very top. "I am well aware this will not sit comfortably with those who have sought to derail our progress and who have fed out lies and misinformation about the Club and its Directors but I am confident we will overcome every obstacle in our way. "Rangers will be back at the top sooner rather than later and Mr King, who has made it abundantly clear that he is willing and happy to work with the current directors of both the plc and ltd - myself, Brian Stockbridge, Bryan Smart and James and Sandy Easdale - would be a great asset. "We have stuck to our task and programmes because we believe we are on the correct course and I would urge every Rangers fan not to give credence to the many lies and rumours that are circulated by people with other agendas and who perhaps cannot admit we are getting it right. "Too many are trying to distort the truth but it is this: Rangers is not a business in distress. Rangers is in a good position and it is healthy and robust. "I cannot stress that forcibly enough but it is the reality of the situation. Mr King has made it clear he took time and his discussions with us were intensive and detailed and he is happy with what he has discovered about http://t.co/oW9XvGV6Li
  20. Posed by the RST on Facebook, if this is in the wrong place or it's already been started... feel free to move or delete. Minutes of meeting with C Mather and B Stockbridge Minute of meeting between the Rangers Supporters Association, Rangers Supporters Assembly and the Rangers Supporters Trust had a meeting with club Chief Executive Craig Mather, Finance Director Brian Stockbridge and Director of Communications James Traynor. Ibrox Stadium 10 October 2013. SEDERUNT C Mather, B Stockbridge, J Traynor and J Hannah (Rangers FC). Fans reps - D Roberton, J Kirk, T Green, M Dingwall, R Johnston, A Sheppard and G Letham. INTRODUCTIONS CM - Introduced himself, keen to be open with the fans. Brief introduction of fan groups and rationale. IPO ISSUES GL - Queried the excessive £5.6m costs from fundraising, can we get a breakdown. BS - pre-IPO fees are high. Large cost to secure the club - at time of acquisition there was no license to play football and it was risky private investment and that attracts high costs. GL - normally fees would be 5% - why are these as high as 25% BS - fees paid were commensurate with normal legal and professional fees but the other costs were high. I came in on 14th June by which time these costs were already fixed. Payments agreed by the club prior to my joining were only paid if I considered they were properly incurred and constituted proper commercial contracts. Intends putting together a more informative analysis of historic costs ref the IPO before the AGM - this sort of information is not normally in the public domain. Will have to liaise with investors and advisors that they are happy to have fees disclosed. Hope to be as transparent as I can be. You must remember there were Inherited costs - in terms of wages these were around the £30m mark for example and will not remain at that level. GL - £450,000 arrangement payment to Zeus - is this transaction included in the cost of the IPO? What about refunds to investors such as Laxey, Eurovestech and Alan Mackenzie? BS - Yes, it is included. But there were no illegal returns of capital. CM - as far as fees are concerned I'm happy to state a £50k - 5% commission was paid on my introduction regarding investing in the company. GL - why have the costs of finance raising been so high? Charles Green assured Rangers fans that fundraising would be easy. BS - can't be responsible for CG statements or contracts. Only invoices club pays out are those which are contractual, reasonable and binding. We have cut costs considerably going forward. STAFF REMUNERATION The staff costs appear massive and should not have been incurred for the level of football or the amount of work undertaken. CM - certain salaries are in the Annual Report and some scrutiny is valid. My own salary is £300k and the major institutional investors are aware of that and happy with it. The structure of my bonus has been discussed but it will not be linked just to winning the league. Lots of other factors will have to come into play, meeting player and financial budgets. Both McCoist and myself are content to work together to ensure that we reach a balance on incentives regarding the PLC budget for players and saving money so that one part of the club is not working against the other. We're looking at reducing the historic level of professional costs - for instance, we are considering an in-house legal department to cap the level of expenditure there. We need to restructure and define cost centres. We are looking at the efficiency for example of Murray Park and wish to make that measurable in setting remuneration/bonuses. BS - the terms of my contract are public - £200k bonus for each of the next three years. I voluntarily agreed to remove my bonus payment that had been agreed for those years. It's about delivering financial performance, I'm not taking an automatic bonus. Expect that post-AGM my remuneration and bonus will be announced. I joined the company on 14th June and wasn't salaried until September. Paid a £50k electric bill form my own resources. Banners and chants do not reflect the reality of the situation. I have no outside interest and I have no 1p shares. BS paid 70p per share at the IPO. TG - why give up bonuses now? BS - with hindsight I should have been rewarded for financial performance not football basis. CM - I want Brian looking over my shoulder as finance director controlling spending. BS - the club is financially secure. We have a completely clear audit from Deloittes. We have no debt. CM - McCoist package - we've almost got it signed off. An agreed reduced package will be put in place soon. GL - termination payments appear very generous - for example Charles Green. BS - Green's package was decided by the Remuneration Committee. I sacked Imran for gross misconduct, he received no compensation. DR - I thought Green had resigned? CM - it was a compromise agreement to protect the club. Employees have rights they can exercise. BS - The Remuneration Committee contains no executives - it contained Malcolm Murray, Phil Cartmell and Ian Hart. CLUB ACCOUNTS GL - We don't want to dwell too much on the historical numbers, we would rather focus on the future. We would however record that the accounts just released were an appalling set of figures. CM - We recognise the losses. These were predicted and investors knew there would be a substantial loss in the first year. GL - pre-IPO research note issued by the broker Cenkos predicted a £1m loss compared with a £14m actual loss. Half-year forecast predicted a £7m loss. BS - We've seen leaks of price-sensitive information from illegal leaks. It's difficult to form an accurate opinion on partial information. We've removed £2m costs off operational expenditure. GL - your December management accounts predicted a £6.8m loss but the loss was £14m. BS - we've had problems with the retail division - the JJB contract going and the Puma deal being late. A lot of one-off costs - £1m for the Pinsents investigation. Pay-off for Green, etc. GL - do you have a monthly phased plan for the current year and are actual results reviewed against this plan by the Board on a monthly basis? CM - yes, and regular Senior Management meetings. GL - can you tell us what the budget revenue and operating profit/loss figures are for the current year 2013/2014? BS - I can't give price-sensitive info and hence can't give profit forecast numbers. However, Daniel Stewart are working on a research note for insitutionals. We do things by the book - we'll note non-recurring items and will break them down. RJ - what about provision for similar costs for next year? BS - difficult to predict as we did have a lot of non-recurring fees this year. RJ - but we keep losing executive and non executive board members on an almost regular basis and incurring associated costs. CM - unusual year of change. For instance we had season ticket sales on course as of 1st August but then the requisition for the EGM came in and killed confidence. Sales went from 174 a day to 6. But that's based on perception not reality. We're ahead of budget in many areas. I want to sort the club - the Board have to be able to look at themselves and if I am not the right man I will go. If I haven't performed then I deserve to be voted off at the AGM. I have successfully bought businesses out of administration before - I know what I am doing. What happens if we are voted out at the AGM and there is no alternative? BS - the Stock Exchange will suspend the company from the market.
  21. The RST are pleased to confirm that club CEO Craig Mather has responded to our latest request, and has agreed to a meeting with us, and our sister organisations, the Rangers Supporters Assembly and Rangers supporters Association. The meeting will take place this Thursday (10th October), and will also be attended by Brian Stockbridge and Jim Traynor. If you have anything you would like us to raise at the meeting complete the form below. http://www.therst.co.uk/meeting-with-ceo-craig-mather/
  22. Alasdair Lamont @BBCAlLamont Craig Mather and Brian Stockbridge have been meeting Dave King in South Africa re future of Rangers. More to come soon. Well now... What can this mean?
  23. Dissent has become the backdrop to Rangers' season, despite the team being unbeaten in the league. Growing anger among the fans has led to blunter protests against the board, while the publication of the audited accounts of Rangers International Football Club last week prompted fierce scrutiny of certain costs, payments, wages and bonuses, but also how long the cash reserves would hold out. The consensus was that at some stage next season - depending on cost cutting and revenue streams - Rangers will need more investment. A second insolvency event is unlikely, since there are enough investors of means who would act to protect their stake rather than see the business fail. There are also wealthy fans who are keen to provide funds under certain circumstances, such as Dave King, but how Rangers deal with that financial imperative will in some ways be determined in the coming weeks. The RIFC annual general meeting is booked for Thursday, October 24, at Ibrox, but a full hearing at the Court of Session a week tomorrow will ascertain whether or not nominations for four new directors will be added to the agenda, which could result in the meeting being postponed to allow shareholders time for due consideration. Whenever it occurs, it will be a dramatic and possibly decisive occasion. There is a conflict around the club, principally between the incumbent directors and a group of institutional shareholders who want replacements - Paul Murray, Malcolm Murray, Scott Murdoch and Alex Wilson - appointed to the board. Only the trauma of insolvency was able to truly unite the club's fan base, but divisions have re-emerged. There appears to be a majority supporting change, with Sack The Board banners more prevalent and the protest group the Sons of Struth quickly becoming established and influential. More protests are planned for today's game against Ayr United at Somerset Park. There will be several casualties in this battle for Rangers' heart and soul, but the most damaging one could be between the club and the supporters. When Rangers Football Club plc entered administration, it carried the effect of a rallying call. Fans were roused to action to save the institution, and from a moment of financial calamity an opportunity emerged. It was to restore Rangers with a stable business base and renewed values, but also to revive the relationship with the supporters, to overcome the disconnection that had grown when the era of Sir David Murray fell into a tailspin of debt and recrimination; for fans to feel, again, that they had an influence on the decision-making process at Ibrox. That chance is being lost again. Rangers supporters had a chance to reclaim their club, even if there was not the wherewithal to mount a realistic bid to raise the funds to own it themselves. Now, there is rancour between them and the club. On blogs and forums, the annual accounts and statements from individual directors were pored over for every inconsistency and matter of doubt. Trust has broken down, and lawyers' letters to prominent supporters generated a sense of indignation among other fans. A football club is, in essence, the bond between the team and its followers, and disregarding that, or not protecting it, can be damaging. A victory for the incumbents at the AGM would present them with an immediate problem: how to win back the fans. It may be one they struggle to win. The Easdale brothers either own or have a proxy for almost 25% of the club's shares, while the requisitioners behind the curtailed attempt to call an emergency general meeting last month were backed by up to 28%. Individual fans who are investors make up around 11% of the shareholder base, and how many of them turn up to vote at the AGM could be influential, but so too are larger holdings such as Mike Ashley's. In effect, the battle for votes between the two sides is finely balanced. Any delay to the AGM will leave more room for fan rebellion to grow. This is stage two of Rangers journey back to the top flight, but not all involved are moving in step. Members of the board are on the defensive, when the only way to truly end the upheaval is to allow the shareholders to vote on the current and nominated directors and ascertain who has the majority backing. Blocking the nominees is, therefore, counterproductive. Ally McCoist stressed last Friday that he was "not upset" that his salary was published in the accounts. He also noted that the football wage bill will be reduced in the next set of accounts, with lower player salaries and the wage cut that he and his coaches have agreed to. The club remains in transition, since it is maintaining a top-flight team and infrastructure on lower-division incomes, but it is certainly not at peace. It needs to be. http://www.heraldscotland.com/sport/...-deep.22347937
  24. http://www.rangers.co.uk/news/headlines/item/5195-rangers-announce-annual-results
  25. LET me start with a confession: I like Monster Munch. In fact, I’m particularly fond of pickled onion. There you go, I just wanted to get that out in the open because something happened at Forfar at the weekend that made my mind drift back to one of the most controversial periods of my career. And, yes, I realise there were a few. But there was nothing quite like the time when Paul Le Guen told me I was finished at Rangers and people tried to make it out it was over a bag of crisps. For those who don’t remember, sit back and let me explain. We’ll start last Sunday at Station Park where Rangers struggled to a 1-0 win and got slaughtered for their display. I didn’t see it but by all accounts it was dire and a throwback to last season when Ally McCoist had a hard time of things in the Third Division. But there was one big difference between Sunday and the worst days of the previous campaign when so many points were dropped at places such as Peterhead, Stirling and Berwick. The difference was Rangers won. Don’t get me wrong. I’m not saying for a second there’s any excuse for a team like Rangers to be struggling to win at Forfar. There isn’t. What I am saying, however, is that even though they had a bad day at least they left the place with three points. That wasn’t always the case last season and, to me, it’s a sign some of the club’s old standards are on the way back. Standards that I was raised on. Standards that Rangers were built on. Standards that I thought might disappear for good during Le Guen’s time in charge seven years ago. A lot has been made about my relationship with the Frenchman. I know there are Rangers fans out there who still think I undermined him or stabbed him in the back. So I’d like to use this column to set a few things straight. First, you have to understand the way I was brought up as a kid working under John Brown and John McGregor. They kept things simple: At Rangers nothing less than three points is ever acceptable. Yes, they wanted us to play well and encouraged us to express ourselves but the most important lesson they taught us was that you’ll never cut it as a Rangers player if you pull that shirt on and think it’s OK to lose. That was driven into my head every day of my young life until it became a state of mind and a way of life. So yes, I’ll hold my hands up right now. To this day I am guilty of wanting to win every game I play. I know I run around with my wee face all screwed up, moaning at everyone and everything but it’s only because I care so much about winning. To me, that’s just the Rangers way – if you don’t care if you lose or draw then you’ve no business being there. And that’s was the root of my problem under Le Guen. The truth is, the longer it went on the more I was struggling to recognise the Rangers I had grown up with. Under Le Guen, it was becoming acceptable to drop points on a Saturday. In fact, it was becoming the norm. And I admit I just couldn’t get my head around it. Now, people have their own opinions about what went on between us. But I was there, I know what went on inside that dressing room and I’d challenge him to deny or contradict anything I’m about to tell you. Week after week I walked off the pitch to be told: “It’s OK, let’s stick together and just move on to the next game.” That’s alright after one bad game. Or maybe if a team is going through a wee sticky patch. But not EVERY week. After EVERY embarrassing result. It was a gradual build-up, over weeks and months. His shrug-of -the-shoulders attitude was eating away at me inside because this was the club I loved. I was the Rangers captain and these results were killing me. It was humiliating. And the worst bit of it was, I could see it rubbing off on others until there were players sitting in that dressing room who didn’t seem to care if we won, lost or drew. The standards I had grown up with were disappearing. I held my tongue as best I could but it was only a matter of time until I eventually snapped. That day came on December 27, 2006, at Inverness. We had been winning 1-0 but ended up losing 2-1. I think we slipped to fourth or fifth in the table. I mean, it was getting ridiculous. And what did I hear when I walked into that dressing room? “It’s OK. We must stick together.” That was it, I just couldn’t listen to it any more. So I said: “Aye, we must stick together. But it’s not f****** OK that we’ve lost another three points. What part of that don’t you get? This is Glasgow Rangers you are working for.” I admit I lost the head. I was just so angered by the lack of passion. I couldn’t look round any more at people who didn’t care if Rangers won or lost. Yes, maybe I was guilty of letting my emotions boil over. Maybe I lost my cool in that dressing room on that day. But I just couldn’t take any more of it. But that was it. It wasn’t as if I asked the guy outside for a square-go. I put my hand on my heart and say, I never caused that man one problem. I never once knocked down his door. Yes, OK I might have eaten the occasional packet of Monster Munch which might have been against his nutritional rules but come on? Listen, I’m all for players looking after themselves and eating well. But no one is going to tell me a packet of pickled onion now and again is going to take years off your career. It’s nonsense. Is that what people mean when they say I undermined him? Honestly, I don’t know where all that comes from and it makes me angry just thinking about it. It was all I read in the papers or heard on the phone-ins. I swear none of it was true. I was guilty of one thing – being passionate about my club and going a bit daft at Inverness. But I had no idea the price he wanted me to pay for it until I walked into Murray Park a few days later to prepare for an away game at Motherwell. His assistant, Yves Colleu, shouted for me and I went into the manager’s office and Le Guen began to speak to me like I was some sort of alien. I wasn’t even allowed to sit down. He just told me I’d never play for the club again and to leave the building. I was in a daze. I got my bag and walked to my car without saying anything to the other lads. I got a few hundred yards down the road before I pulled in and realised what had just happened. I was shattered. As things turned out, it was Le Guen’s Rangers career that was over. Very soon after that, Walter Smith was back in charge. And overnight Rangers got their standards back. That’s why the result at Forfar pleased me the other day. And put me right in the mood for a packet of my favourite crisps.
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