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  1. http://www.heraldscotland.com/sport/football/former-rangers-players-gough-and-rae-back-scheme-to-hand-clubs-supporters-power-at-ib.1392030197
  2. http://sport.stv.tv/football/clubs/rangers/263136-ally-mccoist-id-have-bet-on-ibrox-not-being-picked-for-league-cup-final/
  3. R&M are now the third largest shareholders in Rangers with 7.37% of the issued share capital. As stated in the other thread they are "long only" investors i.e. they do not operate hedge funds which might bet on the price of a share going up or down. The shares are held in their World Recovery and UK Equity Long Term Recovery Funds. The objectives of these Funds are as follows: UK Equity Long Term Recovery Fund The objective of the strategy is to outperform a target of LIBOR + 4% per annum. In seeking to achieve the objective the portfolio will primarily consist of UK equities that meet the manager’s recovery criteria of a turnaround in company profitability over the longer term. The manager does not operate within relative risk constraints, but sets absolute limits on the amount of capital allocated to any particular company or sector. World Recovery The objective of the strategy is to achieve capital growth, through investing in a portfolio which will primarily consist of international equities that the investment manager believes will benefit from a recovery in company profitability over the medium and longer term. The Fund will not be restricted by reference to a benchmark, territory, sector constraints or company size. I have a connection with one of the most senior people in the organisation who has invited me to send a list of questions which will be answered by him and/or the Fund Manager, Hugh Sergeant. Hugh Sergeant graduated from the London School of Economics with a degree in Economics. Hugh began his investment career at Gartmore in 1987 as a UK Equities graduate trainee and moved to Phillips & Drew in 1990, managing UK equities throughout his twelve years there. He became Head of Smaller Companies in 1997, establishing a new team and launching the UBS Smaller Companies Fund. In March 2000 Hugh was promoted to Head of UK Equities at UBS Global Asset Management and Chairman of the UK Equities Committee. He joined SGAM in 2002 where he was Head of UK Equities, manager of the Growth strategy and co-manager of the Special Opportunities Fund. Hugh joined R&M in August 2006 and currently manages the UK Equity Long Term Recovery, World Recovery and UK Equity High Alpha Funds. Hugh is Head of the UK Equities team at R&M with overall responsibility for managing and developing the team. (Source - Citywire). He is AA rated by Citywire; having outperformed the average manager in the UK Equity Sector by more than 80% over the past 5 years. I have some fairly obvious ones to start with: Can they chart the build up of the holding to the current 7.37%? Why were they not listed as having a notifiable holding on Rangers Investor Relations Website when they had 4.7%? (Zappa) Do they intend buying more shares Who did they support at the AGM and why? If they supported the requisitioners what is their view and position on the current Board? What is their objective /target price for the shares? (unlikely they'll reveal that publicly of course) Are they looking for a seat on the Board? Can they get me tickets for the Directors Box? I will keep this open until about 9.00pm tonight for additional questions and then pull it together for an email (and I would appreciate it if no one hacks into my account).
  4. Rolling Stone magazine has an article this week entitled "Marx Was Right: Five Surprising Ways Karl Marx Predicted 2014". Being an American magazine Rolling Stone is taking a risk with this because for many in America being labeled a Marxist is career suicide, the phrase is so loaded as to be used purely as an insult now. Yet the article points out that for many people capitalism doesn't work very well and one of the 'people' it doesn't work for is us, the Rangers support. The opposition to 'fan ownership' puzzles me. I suppose for those under 30 brought up on a diet of Sir David's largesse, of the rise of the mega-clubs like Man Utd, Barca, Real Madrid and now Chelsea, Man city and PSG and the creation of the G14 organisation then money is everything, only those with the deepest pockets can succeed. That's how football works, isn't it? But I'm 43, I watched clubs like Nottingham Forest, Malmo, Red Star Belgrade and Brugge contest the European Cup Final, I know that football isn't all about money and the club with the most money doesn't have to always win. Football has changed though, and today the club with the most money usually does win, in every league we're now seeing that. TV rights, sponsorship, endorsements and countless other 'income streams' help fuel this. Add in megalomaniacs from Russia or Malaysia or much nearer to home and the clubs run with some sort of fiscal responsibility are left behind, derided even. But here's the thing, it's unsustainable, Marx predicted this and he was right. All of these business bubbles burst eventually and this one will too. They are "chaotic by nature" and one which is as unrestricted as football currently is will crash and burn eventually, nothing is surer. Have a look at some of the ticket prices being charged in the EPL this season. Have a look at the debt being carried by football clubs all around Europe. Tell me that's sustainable, tell me that someone bigger will come along and pick up the cheque. Yeah right, go read an economics book or two. We're the guys who'll be picking up the 'cheque'. I'm not a Marxist. Professionally, when I'm not wasting my time on football forums I help grow those capitalist bubbles and i've seen a few of them get too big and go pop now. Too many of us judge 'success' on how much profit a company makes, not on how good its product or services are, how well it treats its employees and customers and how well it's prepared for the future. Time and again we fall for this, short term gain over long term stability seems to be what we desire. So look at football clubs. History tells us they can disappear, no matter how unlikely that might seem, they can and do. It happens when people no longer care about them, so it is in the interests of all football clubs to ensure people keep caring. The best way to ensure that is to involve people in them. If football supporters become nothing more than 'customers' then eventually we'll start to behave like customers. As anathema as this might sound it is starting to happen now. Already English sides (and they and the already bankrupt Spanish sides are the driving force behind this) are seeing more and more of their tickets being sold to 'football tourists' rather than supporters. London clubs in particular are seeing this phenomenon but it is also happening in Manchester too. That's helping to drive the price of tickets up and force 'supporters' out. That the concept of fan involvement seems alien to us is puzzling to me. But then how many of us are actually involved in anything outside of our work or family these days? How many of us are on the PTA of their children's school, how many of us are involved in youth organisations on a voluntary basis, how many of are in trade unions or are members of political parties or help out at the local bowling club? Tell you what I bet it's a hell of a lot fewer than did in the 70s and 80s. The whole concept of taking responsibility for our community assets has been diluted now. My father was born in an Ayrshire mining village which consisted of three rows of houses, it was tiny. Yet it had a Junior football team an amateur football team, three Friendly Societies, a quoiting club, an ambulance corps, a juvenile football club, a brass band, a dramatic society, and a phonetics class. Today, in the Glasgow area I live in my daughter's Brownie group can't find enough volunteers to staff their troop. Don't get me wrong there's no shortage of parents who want their daughters to join, just a shortage of parents who are willing to give up any of their time to help out. This is the same. Too many of us want someone else to run Rangers. Too many of us want someone else to carry that burden, hopefully someone very rich too. We can blame factionalism in our support, unhappiness with how the RST has been run, personalities involved in various groups or find reasons to explain how fan ownership can't work. But then we can't complain when things go to hell. Can we really complain about the people running our club if we aren't willing to do it ourselves? How do we judge success? What do we want from Rangers? Do we care what the share price is? The football bubble will burst, nothing is surer, economics tell us this if we care to look. When it does there will be casualties, the clubs who are stable both fiscally and politically will be the most likely to survive that. So I'd argue it is in our best long term interests to own our club, to have a say in how it is run, to be keeping a watchful eye on things. Remember, no one else cares, nobody else gives a damn about our club, only us. Why entrust it to people who don't share our values or dreams?
  5. Guest

    fan ownership at Rangers

    Interested in views from fellow Bears about fan ownership at Rangers. I'm seeing a lot more chatter on the subject (especially on Twitter), but RST (the only vehicle at the moment) seem even quieter than normal. I've seem some good articles here: http://t.co/YEgcWYEeFe All the while Rangers market value sits at around £16-17 million. The opportunity to buy a decent collective stake in our club has never been bigger, but views seem divided. Why? Faceless investors sitting in London & elsewhere are buying into our club (at current prices I can see why), why aren't we? As I say interested to know views. I for one am puzzled.
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