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Showing results for tags 'fan ownership'.
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I am seeing a rumour that Dave King has purchased Artemis shares "Dave King has purchased just under 12 million shares from Artemis. Equates to 14.57% of club."
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That McCoist will be given his job back as manager? The thought of it fills me with dread
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http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB00B90T9Z75GBGBXASQ1 -
Going to keep this quick , All the very best to all gersnetters , heres to a royal blue 2015 , and absent friends
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...if they want to get their club back Former Rangers chairman Malcolm Murray has told supporters to make some "noise" if they want to get their club back. The former pension fund manager was speaking after Monday's stormy Ibrox AGM. The 90-minute meeting saw PLC chairman David Somers, chief executive Derek Llambias, director James Easdale and his brother Sandy - chairman of the club's football board - face a barrage of abuse from shareholders. Chants of "out, out, out", "sack the board" and "scumbags" were hurled at the directors as they made their way out onto a flimsy tent erected on the Ibrox pitch. There was little detail given to the irate fans on how the board plan to bridge the £8.3million funding gap which currently separates the Glasgow giants from safety, other than to say a fresh share issue was to be expected, while Somers was the focus of much of the ire after comments which sparked even more anger. Despite the flak, the chairman, Llambias and James Easdale were all re-elected to the PLC board with the help of Mike Ashley and other institutional investors. But Murray claims the fans must act if they want to force real change. Speaking outside the AGM, Murray - who was the club's first chairman after it was reformed following its 2012 liquidation crisis, only to quit a year later after falling out with Charles Green - said: "That was the most arrogant display I have ever seen in third of a century of attending AGMs. "There was complete disregard for shareholders and fans. They say they will operate without fans. We actually ended up knowing less than when we started, which takes a bit of doing. "What can the fans and shareholders do? They have to make more noise. I am not saying they should boycott but they have to make a lot more noise. I think eventually the board will get worried that that the fans are not turning up and not buying kit. The mood in there, well, I have never known anything like it. "Will fans turn their backs on the club? In the short term, yes. But my message to the fans is to stick with it. We will be here a lot longer than them." http://www.eveningtimes.co.uk/rangers/u/murray-rangers-fans-need-to-make-some-noise-if-they-want-to-get-their-club-back.1419322367
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They are fooling around, Somers is extracting the urine. They put the shareholders in the away end and are pouring scorn on them. This is so not my club.
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Rangers fans chief Drew Roberton has sympathy with club board
ian1964 posted a topic in Rangers Chat
Drew Roberton, general secretary of the Rangers Supporters Association, admitted his sympathies probably lie with the board in the stand-off with the club's manager, Ally McCoist. McCoist, who has handed in his 12 months' notice, met chairman of the football board Sandy Easdale and director Derek Llambias on Wednesday. But they did not agree on a deal to end his three-and-a-half year reign now. "I've probably got more sympathy with the board in this one," said Roberton. "Ally as a player and as a manager has been well rewarded and I'm quite sure he will have other irons in the fire. "It's a really unsatisfactory situation at the minute and I would hope that the board and Ally can sit round the table and come to some amicable arrangement." By tendering his resignation on his 12-month rolling contract, McCoist has created a dilemma for the Ibrox hierarchy. They must either pay him off with a settlement, bring in a replacement but continue to pay him on so-called "gardening leave", or leave him in position to run down his contract. The lack of cash at Ibrox and the faltering performance of the team in the Scottish Championship makes the decision even more difficult. McCoist could opt to leave without a pay-off but that is not a scenario Roberton reckons will happen. He told BBC Radio Scotland: "There are others who have contributed a lot less to the club but who have walked out with large cheques in their pocket, so if Ally is contractually entitled to a pay-off then why should he go without one? "Yesterday's meeting turned out to be a non-event. You have two parties sitting round the table trying to protect their own interests." With supporters now staying away from Ibrox, the Rangers board will be keen to see how many fans attend the home game against Livingston on Saturday, and Roberton frets about the effect of the impasse on the players. "I don't think yesterday's decision will do much to encourage an increase in attendances," he said. "It is difficult to believe that the players will go out there fully motivated knowing that the manager is unhappy in his position and perhaps doesn't really want to be there. "Something's got to give and I imagine this will be a topic at the AGM." Rangers will hold their annual general meeting on Monday. http://www.bbc.co.uk/sport/0/football/30527980 -
Union Bears As you will know, the group took the very difficult decision back in May not to renew our season tickets due to the selfish, malicious and borderline illegal actions of our club’s current and previous incumbents. This was a decision echoed by nearly 15000 season ticket holders and the crowds at Ibrox so far this season have reflected the feeling of many Rangers supporters. We watched with hope and expectation as Dave King submitted his £16 million offer of funding in exchange for a majority stake in the club. We then watched with resignation but not shock as Mike Ashley and his friends within the Board room blocked this move and instead pushed through Ashley’s £2 million emergency loan secured against Rangers assets and on the premise of complete Board control. Like all other supporters, we wanted a clean break from people like Charles Green and his murky investors, but it is clear this isn't going to happen. It therefore brings us to a crossroads, as a group and as individuals. Mike Ashley has his grip firmly on the throat of our beloved club and nothing and nobody will make him remove it, as has been demonstrated in his time in charge of Newcastle Utd. It has thrown up a pertinent question which must be answered by not only us but every Rangers fan. Do we maintain our boycott for potentially years in the hope that someone saves us? Or do we elect to support the team on the park and explore other ways of enforcing change at Rangers? After much discussion we have elected to follow the latter path. As of 03/01/2015 we will be returning to the stands on a permanent basis. This is not a gesture of support for those now in charge of our club, nor is it an admission of defeat. It is simply a change of tactic. As a passionate group of supporters whose best attributes lie in what we achieve in and around the stadium on a matchday, we feel hamstrung by our absence and therefore the group needs to go back to being present within Ibrox. We have tried to boycott, to fall in line with other fan groups who have done their level best to encourage change within the club. But in reality all that has taken place over these past few months is a strengthening of Mike Ashley, Sandy and James Easdale, David Somers and many others’ positions within Rangers. It’s the sorry truth. We would like to make it clear that we will not be attending the League Cup semi final as a group, and feel it would be wrong to take tickets ahead of fans who have been attending games on a weekly basis. As we won't be attending as a group, it will make it impossible for us to pull off a display. We would therefore ask all Rangers fans to do their bit by making our end as colourful as possible, with flags, banners, streamers and anything else they can. We will however be planning more displays between now and the end of the season, and look forward to bringing some noise and colour back to Ibrox. Although we return to Ibrox on a permanent basis we won’t be doing so as supporters of the regime. Yes our money will be going towards their bonuses and onerous contracts in the short term, but the Union Bears will throw our weight behind another path towards long term change and that is fan ownership, and more specifically Rangers First. Rangers First is a Community Interest Company which was established at the beginning of this year with very simple goals; to gather together the financial clout of the Rangers support, purchase shares in the club and ultimately put it back in the hands of those who matter. Rangers First already owns over 500’000 shares in RIFC (roughly 0.6%) without any real offline publicising. As a group we hope to support them in the ways that we do best as they move forward towards greater awareness and support for fan representation and ownership. Of course we urge all those who stood with us in BF1 over the years to ask themselves the same question we did and decide what the future holds for you with regards to match attendance. But we will not try and influence your decision in any way. It’s an individual’s choice to make. What we do urge every singly Rangers supporter to do is visit http://www.rangersfirst.org, learn about the initiative and sign up. Put the money you used to spend on Rangers merchandise and funding Ashley's empire of zero hour contracts into something worthwhile. The strength of our support should not be measured or remembered by how many of us turn up at Ibrox or elect to stay away in protest, but rather by the lengths we will go to right the wrongs of those before us and stand shoulder to shoulder with one common goal; delivering the Rangers we all deserve. We owe it our children and grandchildren. If you would like to join the group in BF1 for the second half of the season then please send the following details to transfers@unionbears.co.uk or as a message to the Union Bears Facebook page: Full Name: Address: Date Of Birth: Contact Number (Mobile & Landline): Rangers Number: Do you have a season ticket already? (Yes/No): Union Bears
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http://www.rangers.co.uk/images/FansBoard/Minutes/RFB_Minutes_061014.pdf -
Slightly off topic but Chris Graham was co-opted onto the RST board this evening. Strong addition and great to see him finally take the step.
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http://www.dailyrecord.co.uk/news/scottish-news/rangers-investors-sandy-james-easdale-4597710
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http://www.bbc.co.uk/sport/0/football/30009546 Hibernian: Pat Stanton leads fans' buyout campaign Hibernian legend Pat Stanton is to head a new group that hopes to unite fans behind a bid to buy the club. BuyHibs is backed by the Erin Trust, Hibernian Supporters Association, the Formers Players Association and Hibernian Shareholders Association. Stanton has called for a meeting with Tom Farmer and want Hibs' owner to name his price for the club. "The BuyHibs campaign has the ultimate aim of buying our club," said the former Hibs player and team manager. BuyHibs campaign director Neil Wheelan "The club are failing on and off the park and the need for change has never been greater; the club needs a new direction with fresh drive and investment coming into the club." The group was formed following supporters groups meetings and a survey of more than 4,000 fans carried out by Supporters Direct Scotland. "We are in the fortunate position that the motivation for BuyHibs has not been generated from an emergency situation through a threatened insolvency like supporters of other clubs have been faced with," said Stanton. "We want to be in a position where we can make a positive contribution to the long-term position of our club and to be ready to buy the club when the opportunity arises. "We are asking fans to pledge to provide funds which will allow BuyHibs to drive positive change and to give an indication of what size of stake is achievable. "We are open to work with all Hibernian-minded people and groups who share the same goal. "As a first step, we call on Sir Tom Farmer and Rod Petrie to meet with us to find and promote a positive and sustainable change for the betterment of Hibernian and to provide Sir Tom with a clear and deserved exit from the club he has backed for many years." Hibs are presently playing in the Scottish Championship after being relegated from the top flight last season. Cowdenbeath's Callum Gallagher challenges Hibs' Matthew Kennedy Hibernian are in the Scottish Championship after being relegated last season BuyHibs campaign director Neil Wheelan said: "The club are failing on and off the park and the need for change has never been greater; the club needs a new direction with fresh drive and investment coming into the club. "The potential within the Hibernian fan base is enormous and this must be used to take the club forward. "The club needs sweeping changes to bring a new and more positive outlook and the required fresh investment. "It would appear that the current custodians have no desire to invest to move the club forward so we call on Sir Tom Farmer to remain true to his word and pass the Football Club, Easter Road Stadium and the East Main Training Academy into a community-backed vehicle that safeguards the future of all assets." In August, a consortium of investors claimed to have made a £3.5m offer to take control HFC Holdings Ltd, the company that owns about 98% of the Easter Road club. The fans survey by Supporters Direct Scotland, which has helped other clubs move to fan ownership, revealed that 84% of Hibs fans wanted the Edinburgh club to follow that path. Slightly less - 80% - also believe Easter Road Stadium should be safeguarded and that any change to that would require fan approval, while 68% said that they would be willing to join a membership scheme to provide additional income for the club. Andrew Jenkin, of Supporters Direct Scotland, added: "Supporters are the heart and soul of any football club and the BuyHibs campaign shows Hibernian have many passionate, knowledgeable and highly-skilled supporters who would like to be further involved in the running of the club."
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Looks like 3.6 million shares were traded today or rather transferred , could this be in part payement for either outstanding loan
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... for the handover from tyranny to terraces. Gordon Waddell discusses the relationship football has with its fans and how Ann Budge's statement to Hearts support is a masterpiece. Football is an imperfect world. One man’s satisfaction is always another’s rage. But imagine a club with a functional relationship with its fans. A club who respect their support for the money they spend and the loyalty they show. Who communicate regularly and honestly, who pay fairly and on time, whose charitable wing is strong, whose academy and its philosophy is treasured, and whose leadership is a byword for trust and integrity. Pie in the sky? An impossibility to tick every box in a cruel environment plagued by too many who are in it to see what they can get out of it? Or just a template for Hearts’ story of redemption? Honestly, take a look at Ann Budge’s statement to the Hearts support this week if you haven’t already seen it. An absolute masterpiece. And a marker of faith that, if you really want to, you CAN run a football club with values and with decency. Back in February I said that the deal to take Hearts out of administration and onwards was the result of months of good leadership, good governance, good PR, good organisation but, most of all, good intentions. And what the Jambos have emerged with from their post-Romanov apocalypse appears to be progressing as the perfect template for the handover from tyranny to the terraces. Thanks, in the main, to one woman. When Budge put her money up as the backstop to the Foundation of Hearts’ ultimate dream of fan ownership, and then said she’d steer the ship towards safety on a pro-bono basis, it was always going to be the best thing that ever happened to the club. But even in the most far-flung reaches of their support’s imagination, they couldn’t have dreamed she would do as well by them as this. Never mind what’s happening on the park. It’s not an irrelevance but nor in the grand scheme of them redeeming themselves from an era of financial abuse is it the main thing they must get right. What she’s achieving off it is. And when you look at the latest update, it’s clear Hearts are running to a set of principles that all but a few in our game can only dream about matching. She covered everything from hot water in the toilets to kids’ clubs, to improved websites, to finally getting shareholders issued with the evidence of their investment which the previous incumbent happily took from them and then flushed down the pan. She promised audited accounts on time, an agm before the year’s out and even an explanation of why it costs so much to post them out and how they tried to save 10 grand in the process. A step up from that though, she committed the club to paying the Living Wage. Which, when it comes to the likes of catering staff and security, will make a significant difference. It will cost the club but it will be worth it because they can look themselves in the mirror in the morning. Finally, a kick-in-the-teeth threat of a lifetime ban for the zoomers setting off flares in the midst of their support, lest anyone thought she was some kind of soft touch as a 66-year-old grandmother. Budge didn’t put a foot wrong. She hasn’t yet. You can say what you like about how Hearts got there, about the immorality of skipping your debts through administration, but you can’t question what they’ve done since. And it all got me thinking... Who else could be doing with that calibre of leadership and foresight? Which other organisations need more clarity, better communication, more respect for the fans, shrewder judgment? Anyone? Anyone? It’s a bit like the interview I did back in the summer with Roy MacGregor. Arguably the best businessman in Scottish football, a man whose empire turns over half a billion a year, yet who has never been asked to participate in the administration of our sport. Not even for an opinion. Amongst all the macho posturing going on between the hierarchies of the SPFL and SFA, why wouldn’t you ask someone of Budge’s obvious qualities to share her expertise? Are the league’s executive leadership scared to be shown up? Are the SFA’s old guard fearful of change and new ideas? We all know the answer to that. It should be a no-brainer that the cream of the game’s business talent should be contributing to its future wellbeing. Then again, the chances are they might face some stiff competition from a Hearts support who may never want Budge to leave, despite her well-defined exit strategy. Who could blame them for trying? ** You can’t blame FAI chief John Delaney for trying to get Irish fans a bigger slice of Celtic Park for the Euro qualifier. But his outburst at the SFA’s refusal is a bit rich and probably a deflection from him diverting a chunk of their ticket allocation away from the rank-and-file fans. Parkhead was chosen due to its segregation arrangements that could minimise the presence of the Irish. They get 3000 briefs and the rest is a mass of Scotland fans. Exactly how Gordon Strachan will want it. ** The Aleksandar Tonev racism row will rumble on. Lawyers will have a field day with a Judicial Panel protocol that at its core only has a “balance of probability” as its burden of proof. Shay Logan is a credible guy who you would never expect to fabricate something. Sad thing is he’s the victim again, on the receiving end of an abhorrent attitude, and he’ll be forgotten in the fight to ensue between Celtic and the SFA. ** Interesting stats from the States. MLS crowds for 2014 averaged 19,151 across their 19 clubs, up nearly a third in a decade. Next season’s reshuffle will see it go even higher. Sawker is definitely getting there. ** In the next hilarious episode of ‘Rangers’... Derek Llambias whacks Sandy Easdale with a swinging ladder as he washes the Ibrox windows to cut costs and Dave King walks in at an inopportune moment – again! Comedy Central. http://www.dailyrecord.co.uk/sport/football/football-news/jambos-find-perfect-template-handover-4552636
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Some more analysis from Graham McLaren on TRS: http://www.therangersstandard.co.uk/index.php/articles/current-affairs/331-what-now-for-dave-king
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According to the Press Association, he's flying up to Glasgow now. Not sure if he'll replace Nash or Wallace. -
THE WAR is over. The retailer has won. This morning Graham Wallace will be fired from his position as Rangers chief executive and this crisis-ravaged club will belong lock, stock and smoking barrel to Mike Ashley. Quite what Ashley has planned for it is still a matter of conjecture but the ruthless manner in which he went about last week’s power grab certainly suggests he wants it badly and also sees a way to make a killing by rolling his tanks into Glasgow. He now has security over two of the club’s major assets, the Albion car park and Edmiston House, and when his placemen arrive in the boardroom this week he’ll have grabbed this club firmly by the throat. As with everything Rangers, Ashley’s arrival on the scene will be spun in a variety of ways. The dark arts were evidenced over the weekend when it was leaked that, without his intervention, this basketcase would have gone bust within 48 hours. There were even muffled whispers from the shadowy sidelines Ashley had in fact ‘saved the club’ but the very notion the Newcastle United chairman had ridden to Rangers rescue in some sort of philanthropic or heroic act is completely absurd. In many ways, what actually went on amid increasingly frantic discussions on Thursday and Friday was a throwback to May 2011 when Sir David Murray invited Craig Whyte to trigger this omnishambles and set in action the catastrophic chain of events that has now led to Ashley’s increased involvement. That deal was a great bit of business for Whyte and for Lloyds Bank in particular – the £18million they recouped from the sale remains the outstanding trade of the last three and a half chaotic years – but it was a spectacularly awful one for the Ibrox club. Similarly, by taking control of Rangers for the price of a £2m loan, every penny of which will be paid back, Ashley has pulled off a serious coup in more ways than one. This is why he is known as the biggest beast in the jungle but even the Newcastle owner must be laughing up the sleeve of his safari suit at the way in which he managed to pull this one off. It was typically bold and eye poppingly aggressive and it included issuing the remnants of the Rangers board with threats of legal action both collectively and individually, should they turn him down in favour of a £3m loan from Brian Kennedy. Each of these directors was warned of potentially devastating repercussions should Ashley not get his way and as a result Rangers is his now to do with as he wishes. And all for less than the cost of a Sports Direct poly bag. It was an extraordinary stunt and it’s no wonder Sale Sharks owner Kennedy left Glasgow on Saturday still unsure as to how on earth the dysfunctional Rangers board – a collection of directors who have run the business into the ground – could allow it to happen in spite of his impassioned pleas. The farce began with the rejection of Dave King’s £16m bailout offer by the mysterious bloc of shareholders whose 26 per cent voting rights are represented by Sandy Easdale. On Thursday CEO Wallace, who knew his £300,000-a-year neck was now well and truly on the line, reached out to Kennedy and pleaded with him to make a counter offer. Kennedy worked through the night with his legal team to come up with his £3m offer, dependent only on him being allowed to place one man on the current board. He flew to Glasgow at lunchtime on Friday in the hope of getting the deal done. Kennedy was wasting his jet fuel. Not one of these directors was even at Ibrox on the day it was determined Ashley should be handed the keys. The fact all these discussions were held via conference call, underlines how little feel for the club these men have. Wallace headed for a beach in Greece despite being urged by at least two key protagonists to postpone his holiday for 24 hours. Finance director Philip Nash went one better by resigning and washing his hands of the entire Ashley v Kennedy showdown. That Nash threw in the towel is an indication he suspected the game was up and that another director, Laxey’s lackey Norman Crighton, had jumped camps at the last minute. Crighton had voiced his concern at Ashley’s move and had even said the Cockney must be stopped ‘at all costs’ but he performed a 180-degree turn at the last minute to leave Kennedy’s proposal in tatters. Chairman David Somers is another who may have cause to be persecuted by his own conscience. At least Nash had the principle to resign from his £1,000-a-day post. While Wallace was clinging on for dear life for his pay-off, Nash wanted no part of it and this included telling Ashley’s people he was unwilling to work for their man in the event he was successful. Having previously called for the removal of Nash and Walllace, Ashley had a change of heart. It’s understood he wanted Nash on board after crediting him with making £5m worth of cuts since February. One of those cuts was to a contract worth in excess of £100,000-a-year to Ashley’s own PR firm Keith Bishop Associates. This agreement was done as part of the £1 stadium naming rights deal Ashley agreed with Charles Green and which was signed off by Imran Ahmad – who then sued Rangers for £300,000 in bonuses for all of his good work. Deals like these are precisely why Rangers should brace itself for the full impact of Ashley’s arrival. He already pockets 49 per cent of all income from merchandise sales but may think this arrangement can be tweaked and improved in his favour. With two of his men on the board, a compliant chairman and confirmed allies in James Easdale and Crighton, he can do pretty much as he pleases. The only comfort in any of this for the Rangers supporters is to be found in the depth of Ashley’s pockets. He will not allow this club to go under, that much is certain. But from here on in Rangers will be run his way and for his benefit. http://www.dailyrecord.co.uk/opinion/sport/keith-jackson-mike-ashleys-rangers-4515761
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As usual, the news isn't good. A rich guy whose money talks more than his mouth is now the most influential figure at Rangers, and having already acquired certain rights with regard to merchandise and the stadium itself, what does he do? He lends the club money. He doesn't gift it to the club - he lends it. Make no mistake, this money will have to be paid back and so will any future loans from the same source. Mike Ashley isn't a sugar daddy. He will want a return on every penny that he puts in to Rangers. Dave King and his backers have tried to land the club, but so far, without success. A seeming reluctance to buy up shares in Rangers hasn't helped, but it's pointless getting angry at those who have tried and failed. We are where we are. The support is split. Thousands will not pay another cent towards a club that they believe has been hijacked by people who only care for it while it suits their commercial purpose. I have no problem with this view. It is entirely understandable. Others will follow on as per usual. That's fine too. We are football fans. We know only too well that allegiance usually triumphs over ownership details and boardroom personnel. We are likely then to have a weakened club in terms of strength of support, and the likely renaming of Ibrox is likely to turn more people away. While this is a move that I could live with in more normal circumstances, I can fully understand why people will be angry if Ibrox becomes sponsored when the sponsor has apparently paid mere shekels for the privilege while lending - yes lending - money to the club. What do we do then? Those who approve of the new owner or don't care who he is will carry on attending and buying merchandise. It is those who find themselves unable to support Rangers who have to ask themselves what they should do next. Protest marches? What have they achieved so far? Answer: nothing. Boycotts? Organised boycotts fade and die and are perceived to have faded and died. They could be counter-productive. Walk-outs? About as useful as marches. Travelling to Ibrox and hanging around outside while the game is on? Plain daft. Card displays and banner messages? They won't change a thing. If you can't accept what has happened to the club, and if you will not support it any more, you already have your answer. Privately, as an individual, you will make your point by not attending. Those who feel as you do will reinforce the message, but do not harass others into joining you. Equally, to those who will follow on as normal, understand one thing: thousands of your fellow fans feel they have a good reason to stop going to Ibrox - as good as yours is for continuing to go. Do not harass them. History will decide if this is a bump in the road or the edge of a cliff.
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Dave King Statement re Rangers FC It is appropriate that I give feedback to the Rangers fans before departing for South Africa. Over the last few weeks Paul Murray, George Letham and myself have constructively engaged the Rangers board and (at the request of the board) Sandy Easdale regarding our proposal to invest 16 million into the club as soon as is practically possible. When investing in any public company there are numerous regulatory and compliance requirements that have to be dealt with. There are also SFA compliance issues that arise when investing in a football club in Scotland. An obvious further complication in Rangers case is the seeming lack of authority of the Rangers board to make decisions without reference to key shareholders who appear to be “the power behind the throne”. Prior to commencing the implementation issues referred to above it is necessary to reach an in-principle agreement with the board that can then be put to shareholders. In this regard it is important to recogniser hat the so-called Easdale Block represents more than 25% of the shares in issue and could therefore block the implementation of our proposal even if recommended by the board. Likewise, a combination of other shareholders could veto our proposal. I attempted to meet with Mr Ashley on my visit but neither he, nor his colleague, Mr Bishop, acknowledged my request for a meeting. This is their right but is unfortunate given the present concerns from supporters that Mr Ashley is using his shareholder status to put pressure on the board to alienate the rights and trade mark of the club in favour of his personal interest. I will make a separate announcement and appeal to fans on this topic at the appropriate time. Our initial proposal to the board was to invest the full 16m by way of equity at 20p per share. The board requested that we consider a debt/equity mix that would reduce dilution for existing shareholders and allow the debt component to be advanced prior to the extended time frame required for the approval of additional equity. We are amenable to this and to working with the board on the mechanics necessary to ensure that this is achieved provided that the full investment is recognised by way of board representation. We wish to appoint an equal number of members to the board and have the key say regarding the appointment of the Chairperson. We will not invest funds and let the existing board determine how these funds are spent. That has not worked well in the past. In any transaction of this nature there are a number of interests to be consulted and considered. The board has apparently engaged constructively on our proposal while advancing its own points as to what it believes is in the best interest of the club and its shareholders. Sandy Easdale has similarly apparently engaged constructively including highlighting some concerns. I have today responded to these concerns in writing. He will now consult with his co-shareholders and hopefully revert soonest so that we can proceed to agreement and the earliest possible implementation thereof. Unfortunately, I have to again deal with a point that I have covered previously. Despite our agreement with the board on confidentiality (that we have strictly complied with) we were faced with the inevitable combination of truth, half-truth and fallacies peddled by Mr Irvine on behalf of his employers. He states in particular that he is voicing Sandy Easdale’s directly communicated thoughts. Sandy has assured me that this is not the case regarding his recent nonsensical utterings. On that point, I have recently had the amusement of reviewing over 100 email communications between MrIrvine and Craig Whyte during the period that Mr Irvine was attempting to advance Mr Whyte’s business interests. My review of these emails indicates to me that he carefully identifies journalists that he believes lack journalistic integrity and ability and can therefore be fed by him for the benefit of whoever pays him. I urge fans to continue to ignore the nonsense that comes from these sources. We have a lot of work to do over the next few months to regain the club. I would not be here without the support of the fans and neither would my co-investors. We are going to need to draw on your support again over the coming months.
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Talking to Rangersitis (nice meeting you btw.) on Saturday afternoon we both debated whether it can be stopped via Sandy Easdale's proxy bloc and Ashley's holdings. Few things: 1. Will it be considered a resolution or just a simple loan authorised by the board? 2. Or will Ashley and Easdale bloc this through their voting rights on special resolutions? 3. By blocking the loan if it is seen as a resolution will concert party rights be triggered 4. By calling the EGM it looks to me as though the voting percentages won't matter here and that's why Ashley's calling the EGM in an effort to prevent the vote going through at a typical board meeting Would any of our more informed Gersnetters like to set us right?
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Mike Ashley has many business interests (including Sports Direct) and they have made him a very wealthy man. When he bought Newcastle United in June 2007 and said “Newcastle attracted me because everyone in England knows that it has the best fans in football… don’t get me wrong. I did not buy Newcastle to make money. I bought Newcastle because I love football.”….it must have sounded like manna from heaven to the Newcastle support as they may have thought more along the lines of ‘Champions League’ rather than ‘Championship’. http://www.therst.co.uk/coming-soon-ashley-and-the-vanishing-revenue/
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http://www.rangers.co.uk/news/headlines/item/7812-notice-under-section-303-of-the-companies-act-2006
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...the Ibrox throne is big enough for Mike Ashley and Dave King. AS King and Ashley continue to vie for control at Rangers, KEITH insists it may be in both men's interests to discover a common ground that incorporates the interests of the club and its fans. THEIR tanks have rumbled into Edmiston Drive, ready for the climactic Rangers shootout. But before Mike Ashley and Dave King begin blowing each other to bits outside the Big Hoose, perhaps it might make more sense for them to find a better way. Maybe, before the guns start blazing, there is a chance for them to discover common ground. Of course, that would require a bit of common sense and where this club is concerned there is seldom any place for sound logic. But let’s indulge ourselves for a moment in any case and pretend that the two men, who seem so willing to go to war over Rangers, may still be capable of some eleventh-hour reason. Ask yourself this. If you were Ashley why on earth wouldn’t you want King to take control? Those closest to the Sports Direct boss – and even those Newcastle fans who can’t stand the sight of him – all agree that his primary focus is on protecting and expanding his bargain-basement retail business. Which makes perfect sense. Okay, so Slazenger polo shirts and laceless Lonsdale trainers might not be everyone’s giant novelty mug of tea but Ashley’s firm has always been more Buroo-lander than Zoolander. It’s a high street jumble sale and it’s made the man a fortune. This real-life Derek Trotter is a genuine billionaire. Not like the last one who, for all anyone knows – including Glasgow’s finest for that matter – may be currently strolling around some town centre in Panama dressed in Lee Cooper and Le Coq Sportif. He always did have a bulging eye for a bargain. But be that as it may, Ashley deserves to be taken a great deal more seriously. Which is precisely why now might be the ideal time for King to sit him down for a chat, assuming of course that he really is serious about handing over so much of his children’s inheritance. King has not always convinced and not just because of the 41 criminal convictions for stiffing the tax man which have stained his name in South Africa. His PR has been poorly thought out and his strategy over the last 12 months impossible to fathom as he has tip-toed around the edges of this farrago without ever looking prepared to get his feet wet or his hands dirty. But finally he has waded back in, promising an initial £16million bailout and more millions to follow. For that reason alone he deserves to be taken seriously, even by those who continue to doubt him. If Ashley counts himself among those cynics, what would be the harm in asking to see the colour of his money? Because if it really is the case Ashley is interested only in what is best for his own business, there is no reason for this pair to remain hostile over the running of Rangers. Yes, in an ideal world, King may wish to walk into Ibrox on day one and rip up the retail contract Ashley is apparently so determined to protect. This seven-year kit deal, of course, was gifted to him by Charles Green and has been described by those who have seen it as a ludicrously generous and one-sided agreement. Green later wasted a small fortune of Rangers money on legal fees in a failed attempt to have it annulled but the consensus is that this contract is watertight. In other words, Rangers have already sold the jerseys to Ashley and there is nothing King or anyone else can do about it, even if it means the loss of millions of pounds. And this is where logic ought to kick in because if Ashley wants to keep coining it in from shirts and merchandise then surely King’s arrival as a potential saviour stands to make him even richer? King, after all, is perhaps the one man capable not only of uniting a fractured Rangers support but also prepared to throw good money after bad in the reconstruction of a club which continues to hang by the thinnest of threads. If indeed there is enough cash left in the bank to cover this month’s payday then November’s could be a killer. But only in this omnishambles could a business that is wheezing and gasping for breath continue to keep a £30m life-saving injection so stubbornly at arm’s length. King wants to save them. But he can’t get his money bags across the front step. And, yes, logic dictates that Ashley must see the sheer lunacy in this. Over the past few months around 15,000 Rangers fans have gone missing from Ibrox. The numbers are so large that they have blown a hole in Graham Wallace’s attempts to keep the business afloat. And there is a danger many more thousands will follow if Ashley guns King down in the battle for control, while also boycotting his stores. However, if King was to walk back in, flanked by fellow lifelong supporters such as Paul Murray and George Letham, then it is almost certain business will begin to boom again at the turnstiles and in the club stores which Ashley also now has firmly in his grasp. King plans to plough £8m into the coffers with Murray, Letham and a group of wealthy fans cobbling enough together to match him pound for pound. Straight off the bat, that’s £16m that Ashley doesn’t need to bother looking for down the back of his office sofa. There will be more to come as King intends to invest his whole £30m in returning his club to a fit and competitive state and to restore a stadium which, much like the team, is in a state of decay. This is King’s manifesto and so long as he can convince Ashley he is for real and that the money is there and good to go, then both Rangers and Sports Direct stand to benefit from it hugely. So tell me, what possible logic is there in Ashley blowing this man away? The answer is, there isn’t any. Or at least, none that is obvious from the outside of this wretched mess. Which means there must be something hidden from view, perhaps even something deeply suspicious behind the naked act of aggression earlier this week which saw Ashley set his sights on Wallace and Philip Nash, the men trying to facilitate King and his consortium. What else is there to hide here? Surely nothing that stretches back to when Ashley climbed into bed with Green in the first instance and began this merciless pumping of Ibrox? Come to think of it, who on earth did bring these two together? He already owns the strips and the shops which sell them. He bought the stadium’s naming rights for a quid. And had Wallace not grown a pair last month then he would have owned the club’s badges by now as well. But it’s hard to see the value in any of it if Ashley’s power grab does indeed drive more and more of the customer base away. In fact, it will cost him millions of pounds in emergency loans just to continue to light up an increasingly empty stadium. If he’s not careful he could end up sitting alone in the directors’ box with only his drinking buddies, Sandy and James Easdale for company and if that thought doesn’t terrify him then it should. This club is broken and it needs fixed, not by a bunch of Trotters Independent Traders but by those who genuinely care for it. If Ashley cannot, or will not, see the logic in that then it will indeed be time to clamber back into the tanks. http://www.dailyrecord.co.uk/sport/football/football-news/keith-jackson-another-rangers-war-4411056
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The old man shuffled in the large leather chair, one of those traditional ones designed to encourage good seating posture rather than slouching, pushing his steel rimmed glasses onto his forehead he took what he hoped would be another sip of inspiration from the lukewarm tea on the table, just for a brief moment he thought about undoing his top shirt button and loosening his tie to provide relief from the late afternoon sun beaming through the office window and which was taking its toll – but that would just not do, “standards, standards, standards” he muttered to himself, the presentation was tomorrow and the speech had to be finished, so reaching for his trusty pencil and notepad he collected his thoughts and began scribbling… “I have been lucky — lucky in those who were around me from the boardroom to the dressing-room. In time of stress, their unstinted support, unbroken devotion to our club and calmness in adversity eased the task of making Rangers FC the premier club in this country. To be a Ranger is to sense the sacred trust of upholding all that such a name means in this shrine of football. They must be true in their conception of what the Ibrox tradition seeks from them. No true Ranger has ever failed in the tradition set him.” Our very success, gained you will agree by skill, will draw more people than ever to see it. And that will benefit many more clubs than Rangers. Let the others come after us. We welcome the chase. It is healthy for us. We will never hide from it. Never fear, inevitably we shall have our years of failure, and when they arrive, we must reveal tolerance and sanity. No matter the days of anxiety that come our way, we shall emerge stronger because of the trials to be overcome. That has been the philosophy of the Rangers since the days of the gallant pioneers.” I have spent my whole life in awe of that speech. The utter selflessness at the heart of it, the appreciation and acknowledgement of the work and dedication of others, the dismissal of the importance of the individual and the emphasis and focus on the dedication of others around him merely serve to underline why this man has left such an indelible stamp on our club. It speaks of a football club with a sense of direction, where the people at the very heart of it share not only a common vision but realise the necessity of working together with shared values to deliver that vision. We have fallen, fallen a long way from that sacred trust, taken there by men with little concept of what the Ibrox tradition seeks from them, men whose importance of self, of ego, was the very antithesis of everything Mr Struth stood for. It has opened a revolving door of charlatans, of profiteers, with no interest in preserving the shrine other than seeking to exploit the faithful who still come to worship. In these days of anxiety, amidst the clamour of boardroom battles, of money men and PR gurus, of percentage shareholdings and damaging headlines, one group, to the exclusion of all others, has sought to uphold that sacred trust and remain true to the concept of the Ibrox tradition. Disengaged and disempowered from the powers and processes which govern our club, and in the face of considerable, or as some hoped, insurmountable adversity, we have strived and endeavoured to keep the flames of that sacred trust burning. We conquered the insurmountable, breaking attendance records along the way, we laid waste to the false accusations of “glory hunters” at the Gayfields and Station Parks of this world. Borough Briggs and Ochilview had to be postponed as the manifestation of “unstinted support” and “unbroken devotion” descended upon them. Who are these people ? Go look in the mirror you will see them there, staring right back at you – we are the people. We are the people and this is our time. It’s time for those who have proven themselves in the face of adversity to no longer be disempowered or disengaged. We are the rightful sentinels of that sacred trust, do we honestly believe that anyone else could protect it better ? If you do then stop reading now. Rangers First, Buy Rangers and Vanguard Bears all offer a means of achieving that goal via their various fan ownership models. The choices we face are simple but critical nonetheless. Who do we trust most to decide the destiny of our football club, to safeguard all that we cherish and value ? To run the club in a way which upholds the traditions spoken of by Mr Struth all those years ago ? Who would ensure that every single decision which is made, is done so solely in the best interests of Rangers ? Or should we continue to fracture as a support, tearing ourselves apart doing the bidding of masters who offer no guarantees, in the hope of some scraps off the table ? Isn’t it about time we either sat at that table ourselves or had a considerable say in who does and the decisions they make concerning our club ? I am under no illusions – it will not be easy. There will be considerable challenges ahead, without doubt considerable adversity as well, but only a fool would bet against a Rangers support united in purpose and vision – it’s probably what those who wish ill will against our club fear most. Our club is once again in need of “gallant pioneers”, men and women who will remain true to the concept the Ibrox tradition seeks from them, and the reward is ensuring that sacred trust is preserved for generations yet to come. “No true Ranger has ever failed in the tradition set him.”
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Tuesday 7th October 7pm. Grovsner Hotel Gt Western Rd Glasgow. Public meeting for all fans concerned with recent events at our club and who wish to explore possible actions available to the fans. We have one guest speaker confirmed so far and the meeting will include a Q&A session Much better from Craig here. Hope it goes well.
