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  1. Guest

    RangersFirst Interview

    The Rangers Report Podcast sat down with Richard Atkinson of Supporters Direct Scotland to discuss the prospects of Rangers First. Give it a listen as you decide whether or not you plan on investing in the fan ownership plan. You can listen on Podbean or iTunes. Plus we'd love to hear some feedback on the pod as we incorporate more guests going forward. WATP
  2. 1. if there is so much unhappiness with the regime? 2. If the vow is to get as big a %age as possible to have a meaningful voice for Buy Rangers, then buying at 20p was never gonna be a good idea.........the market price was always gonna fall as a bigger pool of shares owned exactly the same business - they could have hoovered-up more at any subsequent release with the members' hard-invested. (can the protestors/boycotters/nae-sayers say why they ever thought the RST decision to do this was a good one?). I've asked before, but never had an answer I could believe - why invest in Greenco now instead of waiting with the funds?????
  3. I dont know the exact figures on this , but on the rangersfirst page there is a rolling screen of whos recently joined , and I have been watching it quite closely over the last few days , its been amazing to see the number of fellow fans that have been joining not just at the fan level, £5 a month, but at the supporter £10 and founder £18.72, levels , plus amazingly the life members and an amazing number of donations , where you dont need to sign up for any set monthly amounts but can donate one off amounts. Add in all the retail partners they have signed up , it is actually very impressive , anyone not checked out the rangersfirst retail section really should do so , any purchases made through the links , rangersfirst get a % back .
  4. Chris Graham ‏@ChrisGraham76 17m .@RFC_Union call on Rangers PLC board to remove Sandy Easdale as a club director immediately. #RFC pic.twitter.com/wIlX0SWgVu
  5. Hi folks Without going into it too deeply, I feel I cannot follow the other 2 sites I am a member of who go to extremes with fighting each other, all to our detriment as fans. When I go to Kirkcaldy tomorrow, it will be with a sad heart and hope the team just rip it up to cheer me. I have sadly become a NAPM (Not a Penny More) to the regime. I find the idea that the shares groups have decide to buy-into the open offer of £4.97 for 23% (?) of the club abhorrent. Why? Surely the majority want the clowns out and therefore handing them a wee bit more cash is an own goal? Even if the motivation is to become more involved percentage-wise, you hold-back on this one. The LSE announcement already conceded there would be a further offer if we get there. Those shares would be capable of being bought at an even better rate by FF/BR. What am I missing?? Why why why have BR/RF decided to expend the funds now???????
  6. When we went into administration I almost instantly (within the first month) had some major concerns because I quickly came to thinking that I didn't trust the administrators, didn't think they would get us out of it via a CVA and didn't think they seemed to be doing their jobs properly because if they had been, then they would have tried to rescue the company as a going concern. To do that, they would have needed to quickly address the cost base and stop the monthly loss-making, but they just went for a short-term fix/bandage to see out the season instead of properly cutting costs to address the going concern like administrators do in most football club administrations. After the shambles of their bidding process and finally bringing in Green & co (like they seem to have planned well in advance!), when D&P did their first presser with Green a feeling of dread & despair came over me because I could tell immediately that he was a bullshitting patter merchant and didn't trust him right from that point. It was a case of 'who the f**k is this clown?' and a distinct feeling of disappointment. Then we had to endure the failed CVA, being wrongfully stripped of our SPL share and kicked out of our league, left with no league at all for a period and questions hanging over our SFA license as well. When we finally got it sorted out and started the season in the 4th tier there was a sort of positive buzz that I never really understood, because I never felt as if it was right that we should be down there in the 3rd Division. I could obviously understand the positive buzz in the sense that we were still here with our history and titles despite the best efforts of our enemies and those who wanted (and tried) to kill us off, but didn't understand the positivity from numerous other perspectives, like the unprecedented treatment of our Club and the worries from footballing and financial/business perspectives. Not only did many of our fans think that it was just a simple case of 3 seasons of a journey back up through the lower leagues to the top flight, but many actually believed that it was an 'opportunity' to rebuild not only the business, but some kind of fabled & mystical footballing 'philosophy'. There was talk amongst fans of not only winning every single game in the 4th & 3rd tiers, but battering the opposition 8-0, 9-0 or 10-0 every week. I didn't buy into any of that because I thought it was always going to be more difficult than many of our fans thought it would be. Yes, we would dish out some hammerings along the way, but it was always going to be a battle too, both on and off the park no matter how many SPL-standard players we signed and no matter how many crazy moonbeams Green & co served us up. What we need to do now though, is completely forget about any mythical 'opportunities' or lost chances to create new 'footballing philosophies' and face the stark reality of where we currently are. I'm not saying forgive or forget (far from it!), but we urgently need to get up to speed and deal in the here & now. Depending on how things go off the park this month, we might be heading for another insolvency/administration event, but we don't know for sure either way because nothing is certain on that front, just as nothing is certain on the pitch either. We might drop points or lose a match, but no matter what happens, I think we all know that the 'journey' is getting tougher and tougher and that's something which was always on the cards both on & off the pitch, so it certainly shouldn't come as a surprise. The idea of an easy journey back up over 3 or 4 years while creating golden seeds for the future amidst new philosophies for the Club was a total and utter pipe dream. Even if we had been taken over by good guys instead of chancers and liars like Green & co, we were still realistically facing trouble along the way and potentially a period of 5 years or more before getting properly back on our feet and challenging in the top flight again. We might not be in a good position right now, but essentially, nothing has changed and we're still on the same path albeit a slightly more windy & rocky one than many of our fans seemed to think it would be. Our progress back to where we belong might still be set back even further by current and/or future financial issues, but we don't know for sure yet. What we do know for sure is that the people running the show need to collectively get their acts together, steer the Club in the right direction and ease the worries of the supporters, not through more moonbeams and lies like were served up in the past, but by addressing the immediate future as openly and honestly as they can without damaging the value of their precious shares.
  7. http://www.bbc.co.uk/news/uk-scotland-29050877 Former Rangers commercial director Imran Ahmad has returned to court for a third time in a bid to have £620,000 of club assets frozen. Lawyers acting for Mr Ahmad claim he is owed a £500,000 bonus for the time he spent working at the Ibrox club. The Court of Session in Edinburgh heard Mr Ahmad is worried about the potential prospect of Rangers becoming insolvent. Lord Stewart continued the case to Friday when lawyers for Rangers will address the court. Mr Ahmad, who has twice lost court bids to have Rangers' assets ring-fenced, claims he is owed £500,000 for negotiating deals and wants another £120,000 to cover legal expenses. Advocate Kenny McBrearty QC told Lord Stewart that Mr Ahmad is concerned about the current state of the club's finances and fears Rangers would not be in a position to pay up if the court eventually rules in his favour. He told the court Rangers have sold 23,000 season tickets this season, down 15,000 on last season. Mr McBrearty said the Rangers board's latest plans for a share issue may only raise £3.6m and cover part of the club's obligations. He added: "There is a significant hole in the club's finances for the forthcoming season."
  8. Do you remember when we knew what Celtic players looked like? Do you remember how we would listen in nervously when they played, hoping that they'd falter? The football landscape has changed so much in Glasgow that the city is no longer an Old Firm goldfish bowl. Instead, the two sides function in separate atmospheres. With no Old Firm interaction, each has become a stranger to the other. The current Celtic team could walk past me in the street and I probably wouldn't know who they were. For Celtic fans, due to Rangers being run as a retirement home for elderly footballers, they have no difficulty in recognising Rangers' established guys, but many of our players are unfamiliar faces to them too. There was a time when fans of each side knew the other lot almost as well. They didn't need to learn the enemy team, they just knew it. Not so long ago, a Rangers-supporting friend of mine used to chat fairly regularly to a fellow dog walker. It turned out that he was talking to a leading Celtic player, and yet he had no idea. This surely couldn't have happened in the past. We knew them and they knew us. Now, Celtic's profile has dipped as a consequence of Rangers being in the football wilderness. Ours has dipped too, of course, although Rangers is such a dysfunctional entity that it retains a profile of sorts by providing a daily source of amusement to the nation. Apart from the obsessed element in the Celtic support though, which keeps Rangers under intense scrutiny at all times, there is a realisation within the Celtic fraternity that the game is up for Rangers. The laughter has abated and they even feel a degree of sympathy for us. They are looking at a future now that might not be seriously challenged by Rangers, and as they come to terms with it, there is a grudging realisation that they are poorer for it. Now that the big two has been reduced to the big one, the intensity has disappeared, the temperature has cooled and the colour has faded. Celtic fans are living in a monochrome world where the competition is either walkover material or too good for them. It is a bore. It's not boring being a Rangers fan, though. The football may be rotten but when was clinging to a life raft ever boring? Rangers fans are living out an outrageous soap opera where each twist is more absurd than the last one. This Rangers saga could not have been made up or engineered even by a bitter and hateful enemy. It is a tale of woe beyond imagination and comprehension, and with every day that passes, the realisation dawns that bouncing back is hard to do when the ball is burst. The leading figures at Rangers have become cartoon characters. There is nothing that they do which shocks or surprises. Talk of the stadium being sponsored for the grand total of £1 is eminently believable. This is the calibre of people Rangers FC is run by in the 21st century. Every statement, announcement or comment from the club is greeted with ridicule and dismissed as being symptomatic of a failed and toxic regime. Rangers has ceased to be a credible entity. It is crumbling and falling apart. We are often reminded when we complain about politicians that we get the governments we deserve. If the same can be said of the governance of football clubs, the Rangers support must have been guilty of something dreadful, or maybe we're just not that bright. Either way, Rangers fans have an allegiance to a club that is an asylum for the clueless, the calamitous, the absurd and the avaricious, and it is conspicuously rotten from the front gates of Auchenhowie to the top of the Ibrox Stadium flagpole. I have long believed that Rangers had a sell-by date. I always suspected that it was going to become an unwelcome institution in a changing world. I was concerned too that it would fail under 'private' ownership. The only solution was to become a fan-owned club that embraced a new enlightenment, but our failure in this area has been as embarrassing as it is shameful. As we remind ourselves, almost hourly, what a mess it is at the top of the house, we really have to take account of our own inability to properly attempt some kind of rescue. We may have been turned over, but we have been passive, mostly inactive and even apathetic during this crisis. As per usual, we wait on a saviour, and if there isn't one, we just keep waiting anyway. When the lights go out at Ibrox, or when they become so dim that they can barely be observed, ask yourself - how will Scotland remember Rangers? Fifty years after Rangers' passing, how will our children and grandchildren remember the football club that is so much part of our lives? I suggest that Rangers will be remembered with the same kind of affection that BBC Radio Scotland and Radio Clyde currently have for our club. We will not be fondly remembered or missed. The country will be glad to see the back of Rangers and it will speak of us in a highly derogatory tone when enough time has elapsed to make us a distant memory. Bearing in mind our current predicament - and we are all aware that another collapse could be close - not only would we lose a club that is dear to us, as people, we would be marked down by history for having an association with a club that will almost certainly be remembered as a monument to bigotry. And with this double whammy in mind, what do we do? We wait, and wait, and then wait some more. History won't be kind to us for this either.
  9. Following a meeting of the Rangers Supporters Trust (RST) board we have the following statement to release. As shareholders in Rangers International Football Club (RIFC) we have decided unanimously to partake in the upcoming open offer. This will be carried out using funds from our BuyRangers fan ownership scheme. Whilst we still have deep concerns about the current situation at the club, as a board we believe that given fan ownership is the raison d’etre of the organisation it is in our members interest to participate in the open offer to maintain our current shareholding. In order for the RST to continue its primary objective we urge as many fellow Rangers fans to join and contribute to our BuyRangers scheme from as little as £11.25 per month at http://www.therst.co.uk/buyrangers.
  10. http://www.gersnet.co.uk/index.php/latest-news/272-rangers-being-held-hostage-stockholm-syndrome It’s been a stressful week for those interested in the well-being of Rangers Football Club. Not only does the club admit to the Stock Exchange that if the latest share offer is under-subscribed it will be unable to pay its creditors; we have key board members who represent the interests of the vast bulk of existing shareholders conceding that his and our CEO’s intentions are different, confirming a split at board level. Meanwhile the negative detail of each onerous contract placed upon the club are drip-fed to concerned fans on a week-to-week basis: from retail deals where the money is yet to be released to our struggling accounts to stadium naming rights which appear to be the result of self-interest rather than good value. Never has it been more obvious that our club is being held hostage to the whim of chancers. Yet, bizarrely, almost in a comedic fashion, we have some fans absolving these people of blame. Wikipedia describes Stockholm syndrome, or capture-bonding, as ‘a psychological phenomenon in which hostages express empathy and sympathy and have positive feelings toward their captors, sometimes to the point of defending and identifying with them.’ The syndrome itself is named after the Norrmalmstorg robbery of Kreditbanken in Stockholm, Sweden, in which several bank employees were held hostage in a bank vault from August 23 to 28, 1973, while their captors negotiated with police. During this standoff, the victims became emotionally attached to their captors, rejected assistance from government officials at one point, and even defended their captors after they were freed from their six-day ordeal. Ok, I’ll admit at the outset the analogy is a bit strong but if we examine the last few years – from the excesses of Sir David Murray to the actions of Craig Whyte right through to the present day incumbents, there are examples of the above. These include the eyes-wide-shut worship of Murray onto the lauding of Whyte’s supposed net-worth despite all the evidence to the contrary at the very outset to some fans insisting the ‘current’ board are not to blame for the club’s position now. Indeed, not only do we have bloggers continue to suggest Charles Green remains interested in the well-being of the club but we have various fans eager to hold their own as culpable in Rangers’ problems. Apparently it’s Dave King, the Union of Fans or Sons of Struth’s fault that the club cannot pay its bills. Similarly, possible investors such as Dave King who has proven his good intentions to the tune of £20million previously are mocked and pushed away. Conversely, some supporters are eager to extoll the virtue of Mike Ashley’s ongoing involvement despite many Newcastle fans being desperate to rid their club of him. He’s a billionaire they cry – without acknowledging the reason for his success is the kind of questionable retail and naming deals he strikes with clubs such as ours. Let’s be clear: the future of the football club is again in serious question and the danger should not be under-estimated. There has been a shortfall of at least 12,000 season tickets and it’s this lack of working capital that is directly impacting upon the club’s ability to trade. Thus, those that suggest the fans are to ‘blame’ for the financial problems are at least partly correct but the reasons are worth examining as well as the club’s inability to address this serious problem. Never has it been clearer that our money runs the club year on year – not Sir David Murray’s, not Craig Whyte’s and certainly not the anonymous investors currently in control of it. Therefore, engaging with the support should be a priority for any regime looking to make a success of the club. For all his faults, Murray realised this and while he was by the dominant partner in that relationship, we did have a nominal seat at the table and aside from a few small issues (comparatively speaking anyway!) crowds were always high and only his cowardice led to the Whyte debacle. Yet even in the dark days of that era attendances didn’t drop and after administration we had capacity crowd after capacity crowd. The same can be said after we fell to Division Three – our support did not dissipate and our loyalty should never be questioned. Not by anyone – least of all our own. Unfortunately the last year or so has seen attitudes change: not due to fans becoming lazy or greedy but because of a combination of factors. Firstly it become clear that much of the substantial monies raised in backing the Charles Green ownership were wasted and his associates less than ideal custodians of the club. In the face of this criticism, board changes were made and supposedly extensive reviews into the business carried out but the paucity of these contributions didn’t provide much solace. A poor quality (or at best inconsistent) product on the park wasn’t helping but promised changes highlighted in the review to address this have not been forthcoming. Thus, reluctantly, and by way of protest, many fans chose to withhold their investment and, if we’re brutally honest, that’s understandable. Generally, the last year has seen fans become ever more frustrated with their club and increasingly obvious evidence that the incumbent board – or more accurately the decision-making investment groups – cannot turn things around. Not just in terms of the £30million investment talked of in their empirical reviews but the kind of credible and transparent leadership required to rebuild trust in the boardroom and entice fans back to Ibrox. With almost 250 staff members and overheads of aging stadiums, training grounds and dilapidated white elephant buildings, is it any wonder a new administration event looms large on the horizon? Consequently, where does that leave us? Well, I’d suggest we have two distinct pathways ahead. One: if as seems likely, the share offer is subscribed enough to defer our problems to another day; we’ll have the fait accompli of 75% share-holding levels for approval of AGM/EGM resolutions related to the sale and/or leaseback of club assets ¬– such as the Auchenhowie training ground which has consistently been ignored by club representatives when talking about such revenue sources. Or, two: investment groups are able by way of this issue to consolidate their holdings enough to enable a sale to other interested parties. Now, I won’t try to predict the outcome but I’m certain both the existing ownership and the likes of Dave King and/or Mike Ashley will have planned for these eventualities over the last year. The events of the last week won’t be a surprise to them. What is easier to predict is that without one of these outcomes an insolvency event is inevitable as things stand. However, misguided suggestions that this may be an agreeable solution make me uneasy. For example, will onerous contracts be removed by this process, would ownership be guaranteed to change after it and what of the club’s league position after the fact? We don’t know so, simply put, no-one should look at administration with anything other than horror. On the other hand, neither should fans be emotionally blackmailed into providing what appears to be an ever-more toxic board and ownership with a mandate to stumble on in charge. The time for making excuses for these people has long gone. There is no defence of Charles Green and, whether he’s still involved now or not, his associates on the ‘current’ board are equally tainted by their deficiencies. With that in mind, what options are available to fans? Not many is the desperate answer. Yes we have worthy share initiatives like Buy Rangers and Rangers First but with further financial uncertainty abound, can we really expect fans to invest in shares after the events of 2012? Even so, we absolutely must consider such projects with an open mind but with the greatest will in the world, they’re arguably not a short term solution. Nevertheless, possibly buyers engaging with these groups going forward would go a long way to cementing the fans’ contribution in a better future. Indeed, it’s only through that kind of undertaking that we may finally achieve the kind of bond between supporters and ownership that has been missing for so long. Unfortunately, such a positive conclusion seems difficult to attain. The coming weeks and months will define the future and it may well be beyond the fans abilities to impact upon this. Nevertheless, neither should we be held to ransom by people who will never understand the love we have for our football club. We have a choice and while I’d never begin to tell my fellow fans what to do, at some point we have to stop identifying with people who don’t share our love for our club. In that sense Stockholm syndrome is not a workable survival strategy – it just prolongs our inability to escape from the status quo and it’s that kind of clarity every fan needs for our battles ahead. Either that or be held prisoner forever.
  11. RANGERS fan George Letham has reluctantly agreed to give the Ibrox board a short extension to repay the £1million loan that was due last week. The wealthy supporter stepped in to lend his boyhood heroes the seven-figure sum earlier this year as chief executive Graham Wallace was forced to seek a quick fix to the Gers' cash crisis. As part of the agreement, Rangers were scheduled to give Letham his money back by the close of business on Friday, but after the Light Blues announced plans to raise around £4m in a share option last week, the prospect of him receiving his money appeared bleak. SportTimes understands Letham held full and frank discussions with Wallace on Saturday and agreed to a short extension to allow the under-fire board more time to come up with the money. With cash reserves running low at Ibrox, a refusal from Letham would have left Wallace and his fellow-directors with a huge financial headache. But after stepping up to the plate to help Rangers in their hour of need in March, the lifelong Light Blue was not prepared to pull the rug from under the board's feet at this time. The full extent of the Gers' financial plight was laid bare in a statement to the Stock Exchange last week when the board admitted that the future of Rangers International Football Club plc would be 'uncertain' if all 19 million of the new shares were not snapped up by existing investors in the coming weeks. Any funds that are raised will be used to pay off Letham's £1m loan and the £500,000 deal that was agreed with Sandy Easdale, both of which were secured against the Albion car park and Edmiston House. The Ibrox board originally clinched a deal with major shareholders Laxey Partners but that move came under huge criticism from supporters after it was revealed the Hedge Fund would collect £150,000 in interest payments for the short-term loan. Rangers had a cash balance of just £4.2m at June 30 this year, but with £2.7m of that unavailable as use for working capital, the board have been forced to issue more shares in a bid to repay Letham and Easdale and provide much-needed money for the coming weeks. With the financial picture once again bleak at Ibrox, boss Ally McCoist was unable to make any last-minute moves to bolster his squad before the transfer window closed last night. The Gers' two most valuable assets, Lee Wallace and Lewis Macleod, remain at the club, but seven players have gone out on loan - Barrie McKay (Raith Rovers), Calum Gallacher (Cowdenbeath), Danny Stoney (Stranraer), Luca Gasparotto (Airdrie), Robbie Crawford (Morton), Tom Walsh (Stenhousemuir) and Craig Halkett (Clyde). http://www.eveningtimes.co.uk/rangers/letham-gives-rangers-extra-time-to-repay-1million-loan-178673n.25212709
  12. After some of the news coming from Ibrox today in some of the newspapers would you the fans like to see the club owned outright by the sports direct owner Mike Ashley or would you rather we bumbled along with the present set up .
  13. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=12066370
  14. Bill Leckie; Fool me once, shame on you. Fool me twice, shame on me. If they don’t heed those words as the vultures circle Ibrox once again, then hell mend them. First time their club went to the wall, they manned the barricades to protect it from a big, nasty outside world. For that, no matter what other thoughts you have on the matter, their loyalty surely deserves to be applauded. But now? Two-and-a-half years on? If, despite being given a second chance to repair the horrendous mistakes of the past, a club with this level of support goes into administration AGAIN? Sorry, but if it was me I wouldn’t give them another penny. On Saturday, once more, thousands turned up brandishing red cards to express their unhappiness at the way the love of their lives is being mismanaged. And, once more, those responsible for the mismanagement laughed up their sleeves at the pointlessness of the protest. Because to brandish those red cards, you have to pay your money to get inside the stadium. Which hands yet more cash to the people you’re protesting at so they can go ahead and waste it. Listen, what do I know? They’re not my club and the one I do follow has never been to the heights Rangers have reached to suffer such a humiliating, disorientating fall. I’m just someone looking in and wondering how the hell, in all good conscience, Bluenoses can carry on regardless if and when the accountants take over the asylum once more. Actually, don’t answer that. It’s not a can of worms that’s worth opening, this We-Are-The-People, Rangers-Till-I-Die, stick-your-fingers-in-your-ears-and-sing-Follow-Follow mindset. So, for what it’s worth, let me instead pass on my suggestion for what they should do if their club re-enters the abyss. Sod it. Turn their backs on it. Give it, as a man on the other side of Glasgow once said, not one more thin dime. And instead, invest in the future of Scottish clubs who DO run their affairs honestly and who DO have respect for those who click the turnstiles. Go and back your old skipper Barry Ferguson as he tries to make things happen at Clyde. Go and see what another ex-player in Gary Bollan’s doing with Airdrie. If you’re from Fife, go and watch East Fife or Cowdenbeath. If you’re in Angus, hand your tenner to Arbroath or Brechin, Forfar or Montrose. If you donÂ’t want to give up your wee jaunt over from Northern Ireland, get off the ferry and stroll up to Stair Park. There’s been a school of thought among some these last couple of years that Rangers being forced to do the grand tour of the colonies meant the lower divisions should have been grateful for the gate receipts and the TV handouts. For me, this always got it the wrong way round. It was those inside Ibrox should have been thankful that they were in still in business and ABLE to head for Elgin and Berwick and Stranraer. Now, as fresh financial catastrophe looms, I’d put it to Rangers fans that they could do far more good for far more people if they stopped pouring money into what has long since ceased to be “their” club and started drip-feeding it to those who genuinely are the game’s lifeblood. Why? I’ll give you three good reasons. One, those halfwits in your directors’ box shouldn’t be trusted with the remote for the telly, never mind your wages. Two, that 30,000-odd of you spread among the country’s 20-odd part-time clubs would not only create better atmospheres but also help to cement football in communities for the long term. And three? You might just get to relax and enjoy the game, rather than always being angry and stressed about it. Watching Ayr United play Stenhousemuir might just extend your life. The alternative to this is a simple one. Stand your ground and, by your very presence, condone the halfwits in the directors’ box. Two-and-a-half years on from that first administration and the liquidation that followed, these halfwits need to scramble together £4million in a matter of days to keep their heads above water. To achieve this, they may need to flog their saleable players before the transfer window closes, which will hamper your hopes of promotion back to the top flight. If they don’t raise the money, they stand to suffer a 25-point deduction as punishment for a second spell in administration, all but ending those promotion hopes. How, with the wages they pay and the crowds they attract and the sheer intimidatory force of their name that is a two-goal start against far smaller opposition, can this possibly be? How the lumping hell can the people running a club the size of Rangers be handed the chance they were to start again, to build sensibly, to tool up for their return to where they want to be, and yet fail so utterly miserably? How? The clue is in the word halfwits. So maybe I’ve got this all the wrong way round. And it’s those Ibrox directors who should be sent to the outposts of the footballing empire instead. Maybe Graham Wallace and the Easdales and whoever else is a player in this embarrassing saga are the ones who need to go out into the real world and see how real football people operate. Trust me, if a month shadowing the treasurer at Albion Rovers didn’t shame them into living within their means, liquidation’s too good for them.
  15. I wouldn't disagree with much of this to be fair. BY GORDON WADDELL Gordon Waddell: Like Thelma and Louise, Rangers have arrived at their destination.. the edge of a cliff 31 August 2014 08:37 AM By Gordon Waddell GORDON reckons Rangers are at the edge of a precipice but the cash crisis hasn't stopped the club signing back-up keeper Lee Robinson in a move typical of the way the club has been run for the past few years. THEY sold their road back to the top of the game as ‘The Journey’. It would appear Rangers have arrived at a destination many financial experts predicted for them long ago. The edge of a cliff. As the directors sit there like Thelma and Louise, with the engine revving, you wonder if the question was not whether the club would end up being driven over the edge but more a matter of when the crash would occur. How else do you explain it? No sane person would surely run a business the way they’ve run theirs. It’s as if they have committed commercial suicide. An example? It didn’t make a headline. Barely registered a mention. But if you want even a tiny indication of exactly how dysfunctional Rangers are, then look no further than the signing of Lee Robinson last week. A 28-year-old back-up keeper to a 35-year-old back-up. When they already have the Scotland Under-19 No.1 AND the Scotland Under-17 No.1 on their books? Another wage? Aye, why not, eh? We’ve been splashing money needlessly for two and a half years on players we don’t need and can’t afford – another won’t kill us. Their share offering on Friday was like taking a tube of Savlon to a cremation. They’ve admitted to the stock exchange that if they don’t get at least £3m, they’re knackered. And even if they do, they’ve openly shifted the problem a couple of months further down the line. Yet still they sign players like autograph hunters? They act as if they don’t give a monkey’s. Other clubs coming back from the brink, the first thing they attacked was their cost base. Trimmed all the fat and started from the ground up. Live within your means. New club motto? Numquam Iterum. Never Again. Yet here we are, back at square one. Ally on the back pages, pleading: ‘Don’t sell my stars’. Why not? Truth is you should never have been allowed to sign most of them in the first place. This whole ‘We’re Rangers and until someone tells me otherwise, we’ll continue to behave like Rangers’ schtick? McCoist is a bright, articulate, likeable guy. I refuse to believe he’s so gullible. That he never sat there and thought ‘This can’t be right’. Who would you prefer to be in charge at Rangers? I’m not saying anything I haven’t said to him in a dozen different press conferences. I’ve asked him why they weren’t hunkering down, signing players for their level, saving cash. He always replied: “The fans deserve better.” Damn right they do. But they also deserve their club to survive after what they’ve put in over the years. In a football sense, I haven’t yet met a Rangers fan who didn’t think the club would have been better bleeding half a dozen youngsters into their line-up back on day one and developing them properly than going down the road they did. I haven’t yet met a fan who wouldn’t have put up with the odd defeat to see some genuine progress and fiscal responsibility rather than watching the likes of Richard Foster, Stevie Smith, Ian Black, Dean Shiels or Jon Daly. Or Lee Robinson. Nice lad, decent gloves – but what about Liam Kelly and Robby McCrorie, two of the highest-rated teenagers in their position in Scotland? Every other club in the country is giving youth a chance and reaping the rewards. Not The Rangers. Sorry lads. Can’t trust you, even on the bench. No time to have faith in you. Other diddy clubs might get away with playing teenagers. They may even excel. Hell, look at Conor McGrandles – 82 senior games by the age of 18 and a £1million move from Falkirk to Norwich. Rangers are too good for that, though. Listen, the dysfunctional management of the club’s affairs runs a million miles deeper than the team. These are just examples of how a total breakdown in management manifests itself in public. What goes on behind closed doors or up marble staircases? We may never know. But the fact they’re putting out the begging bowl in such a humiliating manner suggests none of it is good. And then we have the ever-hovering presence of Dave King . King has been criticised for his silence but don’t let anyone kid you that he hasn’t been waiting for this exact moment. The lowest ebb. The final wheezing breaths of a regime someone as long in the tooth as he is always thought would arrive. Sure, he’s a Rangers fan. Sure, his intentions for the club will be more honourable than the current incumbents. But spare me the idea his timing suggests anything other than his own benefit being served too. In the meantime, the Rangers fans are once again left with what they call Morton’s Fork – two choices, both undesirable. Take up the share option, keep a shambolic regime functioning a little longer. Or not a penny more. Flush them out and suffer the consequences. I don’t envy them their decision.
  16. I would encourage anyone not already a member to join now The below will be being emailed to all members shortly. We encourage all Rangers Fans world wide to now participate in at http://www.rangersfirst.org'>http://www.rangersfirst.org We are the People and this is our time. Dear members > > As you will have gathered the Club issued an Open Offer today regarding the issue of 19,864,918 new Ordinary Shares in Rangers International Football Club PLC. > > The full details of that issue can be found here: > > http://www.londonstockexchange.com/exch ... d=12066370 > > We would ask that you have a read of it all. > > Rangers First was set up to collectively buy as many shares in the PLC as it could, with the hope of at least reaching 5% ownership which in a PLC is significant as it would allow Rangers First to hold any PLC board to account via the calling of a General meeting. > > Rangers First can confirm that it has already written to both Graham Wallace and the NOMAD (Daniel Stewart & Company PLC, who has confirmed reciept) that it is in a position to “invest beyond our pro-rated pre-emption rights” and that Rangers First would “wish to be added to any Excess Application Facility for the purchase of additional shares” > > Upon reflection on todays statement the Rangers First steering group has concluded that it is most appropriate to continue on our policy of buying shares and will as we indicated in our letter seek to take up as many as possible. > > However as is made clear in the Clubs own statement there are severe risks if this share issue is not taken up and this will not be the last share issue and so we presume these same risks will also attach as concerns to the further share offers to follow. Rangers First is set up as a democratic organisation and so the Steering Group wish to put the democratic process into action and have our members confirm by vote that they are happy for Rangers First Steering Group to continue its share purchase policy and take up as many shares as it can in this share issue. > > All members will be sent a vote in the next few hours which will be open over the weekend. > > This is another chance for Rangers Fans to take a significant stake and have significantly more influence at our Club. From the statement this will be the first of a number of equity raises so now is the time to sign up, get you family, home and abroad signed up, get those you go to and watch the game with signed…..get every Bear you have ever known to sign up to Rangers First > > http://www.rangersfirst.org Please consider taking out a Life membership of Rangers First for £500 (this can be passed to your children one day) or joining for a monthly fee of as little as £5 per month (U16 free) Selling all the 1872 life membership would raise enough for Rangers First to buy over 5% of the Club and reach our Stage 1 > > > We are the People and this is our Time!
  17. Sometimes you feel like a wee greet. http://willievass.photoshelter.com/gallery-image/100814-Rangers-v-Hearts/G0000hlKyrxgNifI/I0000Ko1_cYXoR6o/C0000DwY1ciUOXqU Will somebody put the pic. on here please.
  18. "We note with interest the comments of David Somers in the press regarding the proposed sale and leaseback of Murray Park. We would question why it is Mr Somers, and not the CEO Graham Wallace, who is making this response on behalf of the board? The phrase "plausible deniability" springs to mind. Whilst the response of Mr Somers is a fascinating insight into his "mindset" we are more interested in unequivocal, legally binding statements from the PLC board. We note these are still not forthcoming for either Ibrox or Murray Park. Mr Somers stated at the AGM that he was not against debt as long as it was 'cheap' debt. It was clear that his "mindset" at that time was that 'expensive' debt was not acceptable. Weeks later the board agreed to take extremely expensive debt from Laxey in a move which was only thwarted by fans. We are therefore not inclined to take too much heed of Mr Somers "mindset" at any given time. However, since Mr Somers appears to be the designated spokesman for the board on this topic perhaps he can clarify some more specific matters: Is Mr Somers denying that Mr Wallace and Mr Stockbridge discussed raising finance using the assets of the club as early as a few days after the AGM in December 2013, at which Mr Wallace stated the club had "enough cash for the near term"? Is Mr Somers denying that this would have been done had the asset finance not fallen through? Is Mr Somers denying that Mr Wallace and Mr Stockbridge specifically discussed raising finance using Murray Park? Is Mr Somers denying that Mr Wallace and Mr Stockbridge discussed using board relationships to raise finance against the club's property assets including some of Mr SomersÂ’ own relationships? Is Mr Somers denying that although this use of Murray Park to raise finance was not actioned at the time it was discussed that it could be used at a later date? Perhaps Mr Somers feels that two Executive directors of the Rangers board discussing raising finance on Murray Park does not constitute "board discussions"? We would disagree and remind Mr Somers of his focus on board collective responsibility when he was defending Mr Stockbridge's appalling performance at the AGM. Once again we would ask this board to stop engaging in half-truths, pedantry and wordplay and tell fans the truth."
  19. "The Union of Fans were approached approximately two weeks ago, on behalf of the PLC board, to once again try to reach agreement on a binding legal guarantee over the club's assets. These discussions continued and various drafts were passed back and forth. The statement that the board released yesterday was rejected by UoF last week due to the fact that it does not give a binding guarantee over Ibrox and that several misleading statements are made within it. Despite us negotiating in good faith, the board has seen fit to release the statement anyway. We were seeking written guarantees over both Ibrox and Murray Park. The board removed all reference to Murray Park. This was not an oversight - they are explicitly refusing to include Murray Park in any undertaking. We believe this is because the board are actively looking to sell this vital club asset due to their failure to so far secure enough funds to see the club through the current season. Their statement is also disingenuous and is a slap in the face for the thousands of fans who have given up long cherished seats attempting to get this board to guarantee the future of our clubÂ’s home. Despite their attempts to claim otherwise, it has never been their position to give any kind of legally binding guarantee over Ibrox and they still have not done so. This most recent statement, on behalf of the so called 'Football Board' - not the PLC board - has crucially not been released to the stock exchange and therefore reduces the chance of shareholder action should they go back on their word. The board claim that they are "committed to protecting the assets of the club". Currently the club has four main assets. Two of those, Edmiston House and the Albion Car Park, have already been used as security for crisis loans due to financial mismanagement. The board continues to refuse to give any legally binding safeguard over Ibrox and we believe they are actively looking at a sale and leaseback of Murray Park - a vital asset if we are ever to properly develop our own talent. They have shown no commitment to protecting the club's assets. This board has committed to raising funds from existing investors through a new share issue in September. We do not believe that they have support from those investors for what is essentially money to keep the lights on and we would ask Graham Wallace to urgently clarify the position on new money coming into the club. The board have lost just under half of the club's season ticket holders due to a complete lack of ability to build trust. Even if those fans were to buy season tickets now, the club still does not have the funds to complete the season and yet the board keeps us in the dark over how they will address this shortfall. We ask them to stop the half-truths, spin and smoke and mirrors and tell fans the truth."
  20. THE IMPORTANCE OF SAFEGUARDING IBROX 23rd July 2014 Some have asked why we have such a desire to safeguard Ibrox and claim it's ok for a club to borrow money against it's stadium and to be fair in normal operating conditions this may be the case. Unfortunately our club does not operate within normal operating conditions. To understand the full importance of our position it is important to be aware of the full financial position our club currently operates. Our club does not have enough cash flow to see out the full season that is soon to start. Some predict a shortfall of circa £8m just to allow the club to stay afloat. Due to many issues, last years season ticket holders numbered approx 34,000 and by the end of the renewal date only 50% of these had renewed their seats. It is fair to assume that some new ST will be sold to new ST holders and some old ones may still renew but regardless, the season ticket sales will be significantly lower than last year and after a promotion, one would have expected to see a rise in sales. ​The much touted share issue that the board would have us believe would be fully supported by institutional investors simply will not be as successful as they publicly admit and sources close to us claim that even the board now feel the money raised will be much lower than they first presumed. The reason for this is simple, they are asking investors to invest more money but this money will not be used to make the club better and worth more it will simply be used to shore up shortfalls in cash flow (remember we were advised by Mr Wallace at the AGM that we had no short to medium term cash shortfalls) If this share issue was to raise funds for assets or player purchases etc then there is a good case for investors to invest more as the business would normally rise in value and they would see an increase in their investment. Our directors expect to go cap in hand and ask investors to give them more money just to stay afloat and this is only 7 months after telling these very same investors that we had no short to medium term cash worries. Would you give it if you had no emotional attachment to the club? I didn't think so. ST sales are well below target and the promised windfall from a share issue looks like just a pipe dream so where does that leave us as a club? Simple, fresh investment is required and is available and not only from Dave King. So why won't the board accept outside investment? I believe this is the reason or at least one of the reasons that our board room is starting to split. Anyone willing to invest at the levels required would rightly ask for a say in the boardroom and here lies the problem. Our faceless investors and hedge fund simply don't want this and although between them they own less then a third of the business, they want to control the full boardroom and don't want to dilute their power. The faceless and the hedge fund are therefore starving our club. We find ourselves a club in a catch 22. We need cash but those willing to give it won't be allowed as the faceless and hedge fund won't agree to them. That takes us back to the main point, Ibrox. If the club were to use Ibrox to raise money then two options are available 1) Sell stadium then lease back or 2) use Ibrox as security in a loan. ​If we do a sale and lease back agreement then our club will be paying out money over a long period of time just because this current board are way out on their own cash assessments and if we borrow against Ibrox and our club was to once again lurch in to admin then we would lose our stadium to the lender. Neither is acceptable to me as a fan. So what's the alternatives? 1) Mr Easdale can magic the investment he promised on national TV prior to the AGM (has there ever been a public excuse of what happened to this promised investment?) 2) Mr Wallace can find the £5m he told the UoF at a meeting six weeks ago was available "at the click of a button" 3) Mr Crighton can do something he's been paid to do since pre AGM and that is attract investment as when he was introduced to us he was to chair an investment committee with that very aim (what investment have we attracted since he came?) 4) Talk to those willing to invest in the club and compromise with them. It's not a bad word. 5) Stop mucking about with the fans and show a bit of humility. Tell the fans you are listening to them, tell the fans their actions have been noted and tell them you WILL NOT sell or borrow against our stadium instead of hiding behind cute statements with obtuse phrases. But for the sake of the future of our club DO SOMETHING. ​If you are incapable of finding an alternative then move aside and let others on board that aren't selected by the 30% of investors who are holding our club back or welcome some on board who can bring the faith of the fans and investment with them. Why are Blue pitch, Margareta and Laxey so against others being represented on our board? This will be discussed in the near future Why does this statement not ask about Auchenhowie? Simple, there's no point in asking for something you can't get and our belief for sometime has been that our training ground will go soon as negotiations have been ongoing for some time. It's time for change, either change how our board conduct themselves or change who selects and drives our board members. ​The alternative isn't worth considering. http://www.sonsofstruth.co.uk/blog.html
  21. All, If you've not listened to WWTC podcast before then this is an excellent opportunity to "ease-in" to our style of delivery We had Richard Atkinson from Supporters Direct on to talk about Rangers First, which he did to great length, he also kindly answered questions from the team and from twitter he also got his keys out! give it a watch if you have any doubts about RangersFirst as a Fan ownership vehicle or you just want to see his face on a big telly. Feel free to share with other bears! you can follow the pod on twitter @wwtc_pod also on facebook: https://www.facebook.com/pages/We-W...ast/1446242595610661?ref=hl&ref_type=bookmark Cheers!
  22. After a successful meeting with Glasgow City Council and Police Scotland today it would appear that subject to a few little details our application for a procession to Ibrox on the 19th July will be passed as acceptable. We will require the following volunteers from within the support to fulfil some council requirements. - Experianced marshals - Volunteer marshals - First aiders - Expectant numbers. I would love to hear from pipe or accordion band with a repertoire of Rangers songs In their play book. If you can help with any of the above or will be in attendance can you please let me know on this post or via PM Thanks Craig SoS https://www.facebook.com/SonsOfStrut...al_comments=14 L
  23. Become a member Sons of Struth was formed out of frustration that we felt no one spoke for us and we wanted a voice. We certainly found one. If it was not for the thousands that joined our protests then our voice would not have been heard. We now want to give those who helped us be heard a platform and to be involved in shaping the future of SoS As a member of SoS you will receive updates on future activities be invited to put forward ideas for future activities be polled on concerns we may have for our club and on future activities have access to a members only forum have a say in the future of the group be part of the most active group of fans in the last 12 months Membership is FREE http://www.sonsofstruth.co.uk/join-sos.html
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