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  1. http://sport.stv.tv/football/clubs/rangers/263136-ally-mccoist-id-have-bet-on-ibrox-not-being-picked-for-league-cup-final/
  2. Rolling Stone magazine has an article this week entitled "Marx Was Right: Five Surprising Ways Karl Marx Predicted 2014". Being an American magazine Rolling Stone is taking a risk with this because for many in America being labeled a Marxist is career suicide, the phrase is so loaded as to be used purely as an insult now. Yet the article points out that for many people capitalism doesn't work very well and one of the 'people' it doesn't work for is us, the Rangers support. The opposition to 'fan ownership' puzzles me. I suppose for those under 30 brought up on a diet of Sir David's largesse, of the rise of the mega-clubs like Man Utd, Barca, Real Madrid and now Chelsea, Man city and PSG and the creation of the G14 organisation then money is everything, only those with the deepest pockets can succeed. That's how football works, isn't it? But I'm 43, I watched clubs like Nottingham Forest, Malmo, Red Star Belgrade and Brugge contest the European Cup Final, I know that football isn't all about money and the club with the most money doesn't have to always win. Football has changed though, and today the club with the most money usually does win, in every league we're now seeing that. TV rights, sponsorship, endorsements and countless other 'income streams' help fuel this. Add in megalomaniacs from Russia or Malaysia or much nearer to home and the clubs run with some sort of fiscal responsibility are left behind, derided even. But here's the thing, it's unsustainable, Marx predicted this and he was right. All of these business bubbles burst eventually and this one will too. They are "chaotic by nature" and one which is as unrestricted as football currently is will crash and burn eventually, nothing is surer. Have a look at some of the ticket prices being charged in the EPL this season. Have a look at the debt being carried by football clubs all around Europe. Tell me that's sustainable, tell me that someone bigger will come along and pick up the cheque. Yeah right, go read an economics book or two. We're the guys who'll be picking up the 'cheque'. I'm not a Marxist. Professionally, when I'm not wasting my time on football forums I help grow those capitalist bubbles and i've seen a few of them get too big and go pop now. Too many of us judge 'success' on how much profit a company makes, not on how good its product or services are, how well it treats its employees and customers and how well it's prepared for the future. Time and again we fall for this, short term gain over long term stability seems to be what we desire. So look at football clubs. History tells us they can disappear, no matter how unlikely that might seem, they can and do. It happens when people no longer care about them, so it is in the interests of all football clubs to ensure people keep caring. The best way to ensure that is to involve people in them. If football supporters become nothing more than 'customers' then eventually we'll start to behave like customers. As anathema as this might sound it is starting to happen now. Already English sides (and they and the already bankrupt Spanish sides are the driving force behind this) are seeing more and more of their tickets being sold to 'football tourists' rather than supporters. London clubs in particular are seeing this phenomenon but it is also happening in Manchester too. That's helping to drive the price of tickets up and force 'supporters' out. That the concept of fan involvement seems alien to us is puzzling to me. But then how many of us are actually involved in anything outside of our work or family these days? How many of us are on the PTA of their children's school, how many of us are involved in youth organisations on a voluntary basis, how many of are in trade unions or are members of political parties or help out at the local bowling club? Tell you what I bet it's a hell of a lot fewer than did in the 70s and 80s. The whole concept of taking responsibility for our community assets has been diluted now. My father was born in an Ayrshire mining village which consisted of three rows of houses, it was tiny. Yet it had a Junior football team an amateur football team, three Friendly Societies, a quoiting club, an ambulance corps, a juvenile football club, a brass band, a dramatic society, and a phonetics class. Today, in the Glasgow area I live in my daughter's Brownie group can't find enough volunteers to staff their troop. Don't get me wrong there's no shortage of parents who want their daughters to join, just a shortage of parents who are willing to give up any of their time to help out. This is the same. Too many of us want someone else to run Rangers. Too many of us want someone else to carry that burden, hopefully someone very rich too. We can blame factionalism in our support, unhappiness with how the RST has been run, personalities involved in various groups or find reasons to explain how fan ownership can't work. But then we can't complain when things go to hell. Can we really complain about the people running our club if we aren't willing to do it ourselves? How do we judge success? What do we want from Rangers? Do we care what the share price is? The football bubble will burst, nothing is surer, economics tell us this if we care to look. When it does there will be casualties, the clubs who are stable both fiscally and politically will be the most likely to survive that. So I'd argue it is in our best long term interests to own our club, to have a say in how it is run, to be keeping a watchful eye on things. Remember, no one else cares, nobody else gives a damn about our club, only us. Why entrust it to people who don't share our values or dreams?
  3. .........and steer club into fan control 1 Feb 2014 07:56 PAUL GOODWIN believes the Light Blues legions could own the Ibrox club within 18 months following successful attempts by Hearts and Motherwell. SUPPORTERS DIRECT chief Paul Goodwin believes Rangers fans can assume control of their troubled club within 18 months. Goodwin, the head of SD in Scotland, has long championed the importance of community ownership within our national game. And he is convinced the Ibrox faithful can overthrow the current regime – providing they mobilise themselves into one powerful movement and start pulling in the same direction. At the moment there are four main fan organisations – The Rangers Supporters Trust, The Rangers Assembly, The Rangers Supporters Association and the Sons of Struth – with all groups battling for supremacy. But Goodwin, who helped oversee fan buy-outs at Stirling Albion, Clyde, Dunfermline and East Stirling has called for them to unite as one. Indeed, given the lack of trust in the current board, the lack of transparency, the current climate of financial uncertainty along Edmiston Drive and the plunging share price, he reckons this is an ideal opportunity to get the bandwagon rolling. Goodwin said: “I believe if the Rangers fans united, and that is the key, into one cohesive unit there is no reason why they can’t own the club within 18 months. “At the moment we have 8000 Hearts supporters paying £20 a month as they move towards fan ownership and if you have 20,000 Rangers fans doing the same you can go out and buy shares because it is a liquid market. “The simple maths say 20,000 fans paying £20 a month would give you £4.8million in a year. “It just needs the right type of people to pull that together and that is the hard part for Rangers. “I don’t have any doubt it can be done. SD have been working in conjunction with clubs right across Europe. “In Greece you have Olympiakos and Panathinaikos and there are plenty of clubs in Spain, Poland and France who are also going down this route. “Hearts are the biggest we know of in this country going down the route of fan ownership at the moment.” The Rangers share price has plummeted in recent months, from 70p to just 26p and for just over £4m, fans would be able to command a 25 per cent stake in the club. And Goodwin insists the Ibrox outfit’s supporters have nothing to lose pursuing the community ownership route having given their backing to the Craig Whyte and Charles Green regimes with catastrophic consequences. He said: “I believed that Rangers being placed into administration represented a significant window of opportunity to buy the club. “Of course, as we know, this didn’t happen for a variety of reasons; mostly because for many years the fans had been divided and ruled by previous owners of the club and had been left without a united voice, forced to pick sides in amongst political infighting. “Time has moved on and Rangers have unfortunately continued to be dogged by further challenges at the back end of the administration process. “It could have been so different if a credible fans’ bid had been used to galvanise the Ibrox faithful as we have seen at Dundee, Dunfermline Athletic, Portsmouth down in England and of course at Hearts. “Rangers supporters in the past have been used to following leaders whether it be Paul Murray, Craig Whyte or somebody else. “This is breaking the mould and now they don’t have to follow anybody. “What can the objection be? “It can give the fans the empowerment to pick exactly who they want to represent them. “We have four clubs in Scotland that are currently fan owned and we have another four waiting in the wings – Annan, Ayr, Motherwell and Hearts. It is the way forward because there is no other route.” Goodwin confirmed he has already spoken with supporters’ representatives from Rangers. He said: “I have been talking with them over the past 10 days and I will continue that dialogue to see whether there is something we can do. “There is a real opportunity here and I don’t think there is anything to lose. “We can advise and consult but it is ultimately up to them. “Some people have to emerge from the shadows and then we can give them all the support possible.” Goodwin was speaking at the launch of ‘The Colour of our Scarves’ initiative which has been organised by Supporters Direct to help highlight the issue of sectarianism. World renowned photographer Stuart Roy Clarke has been commissioned to produce a series of images captured at every senior ground in Scotland. The project has been funded by the Scottish government and Goodwin is hoping the sectarianism problem can be tackled through imagery rather than words. He said: “We wanted to try to demonstrate through Stuart’s amazing pictures that all fans are the same, apart from the scarves around their necks. “It is the same emotions that bind us all together and that was the reasons behind the project. “We are going round every single ground and also doing loads of workshops in schools and colleges. “It is becoming less of an issue but you need to keep working at it.” Clarke, who singled out Aberdeen as his favourite fans to photograph, has been amazed by the reaction to his pictures which will be on show at a touring exhibition around the country over the next 18 months. He said: “The response has been overwhelming. “While I like banter and edginess I don’t like hatred so hopefully this project can make a small difference to a big problem.” http://www.dailyrecord.co.uk/sport/football/football-news/supporters-direct-chief-calls-rangers-3100404
  4. Guest

    fan ownership at Rangers

    Interested in views from fellow Bears about fan ownership at Rangers. I'm seeing a lot more chatter on the subject (especially on Twitter), but RST (the only vehicle at the moment) seem even quieter than normal. I've seem some good articles here: http://t.co/YEgcWYEeFe All the while Rangers market value sits at around £16-17 million. The opportunity to buy a decent collective stake in our club has never been bigger, but views seem divided. Why? Faceless investors sitting in London & elsewhere are buying into our club (at current prices I can see why), why aren't we? As I say interested to know views. I for one am puzzled.
  5. R&M are now the third largest shareholders in Rangers with 7.37% of the issued share capital. As stated in the other thread they are "long only" investors i.e. they do not operate hedge funds which might bet on the price of a share going up or down. The shares are held in their World Recovery and UK Equity Long Term Recovery Funds. The objectives of these Funds are as follows: UK Equity Long Term Recovery Fund The objective of the strategy is to outperform a target of LIBOR + 4% per annum. In seeking to achieve the objective the portfolio will primarily consist of UK equities that meet the manager’s recovery criteria of a turnaround in company profitability over the longer term. The manager does not operate within relative risk constraints, but sets absolute limits on the amount of capital allocated to any particular company or sector. World Recovery The objective of the strategy is to achieve capital growth, through investing in a portfolio which will primarily consist of international equities that the investment manager believes will benefit from a recovery in company profitability over the medium and longer term. The Fund will not be restricted by reference to a benchmark, territory, sector constraints or company size. I have a connection with one of the most senior people in the organisation who has invited me to send a list of questions which will be answered by him and/or the Fund Manager, Hugh Sergeant. Hugh Sergeant graduated from the London School of Economics with a degree in Economics. Hugh began his investment career at Gartmore in 1987 as a UK Equities graduate trainee and moved to Phillips & Drew in 1990, managing UK equities throughout his twelve years there. He became Head of Smaller Companies in 1997, establishing a new team and launching the UBS Smaller Companies Fund. In March 2000 Hugh was promoted to Head of UK Equities at UBS Global Asset Management and Chairman of the UK Equities Committee. He joined SGAM in 2002 where he was Head of UK Equities, manager of the Growth strategy and co-manager of the Special Opportunities Fund. Hugh joined R&M in August 2006 and currently manages the UK Equity Long Term Recovery, World Recovery and UK Equity High Alpha Funds. Hugh is Head of the UK Equities team at R&M with overall responsibility for managing and developing the team. (Source - Citywire). He is AA rated by Citywire; having outperformed the average manager in the UK Equity Sector by more than 80% over the past 5 years. I have some fairly obvious ones to start with: Can they chart the build up of the holding to the current 7.37%? Why were they not listed as having a notifiable holding on Rangers Investor Relations Website when they had 4.7%? (Zappa) Do they intend buying more shares Who did they support at the AGM and why? If they supported the requisitioners what is their view and position on the current Board? What is their objective /target price for the shares? (unlikely they'll reveal that publicly of course) Are they looking for a seat on the Board? Can they get me tickets for the Directors Box? I will keep this open until about 9.00pm tonight for additional questions and then pull it together for an email (and I would appreciate it if no one hacks into my account).
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