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well a few weeks with no rangers games and old compo is lost and to make things worse the world cup has wetted my appetite for footie I just hope we at ibrox play a passing and free flowing type of game something that will have the fans begging for more , lets hope .
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Article submitted by Andy Steele: SDS Survey: No Issues? No Chance! News that a survey by fans' body Supporters' Direct Scotland has found that while the vast majority of fans felt the game in Scotland had no issues with racism or homophobia, it had a big, big problem with sectarianism. This highlights not just the issue of social attitudes and football, but, sadly, the problem people have with perceiving themselves as part of the problem. One can assume fairly safely that for such a result to be obtained a good proportion of respondents were either non-Old Firm fans, or if Old Firm fans, Celtic supporters. I would be willing to place a hefty wager that the only fans who feel strongly that there is little sectarianism in Scotland would be those supporters the others consider to be the problem: Rangers fans. One must always, in such debates, pander to the thin skinned and establish that yes, one does think there is an issue and yes, Rangers fans most of all need to deal with it. A major issue, though? I don't see it in my day-to-day life, though I may of course simply be lucky or blinkered. Having established that denial is not on the agenda, though, I'd like to examine the other two aspects mentioned, homophobia and racism. If Scottish football has no issue with racism it is because the game is played, watched, commentated on and written about in what is a virtual monoculture. The BBC can count Kheredine Iddeshane, who to guess from his name may be of middle east extraction, and STV Rhaman Bardwan, but that's about it. The sight of players from non-European backgrounds has diminished of late, while managers and chairmen are exclusively white. No racism? Well, maybe if we understand that creating an almost exclusively European ethnic identity for the game will go a long way to excluding those from without such a background, it may expain why there's 'no racism': there's no cultural mix in which it might appear. Perhaps, if we actively created an environment which encouraged diversity, and focused on policing the resultant mix effectively, we may find we're not quite so tolerant as we might like to think. Or we may not - who knows? Casual racism has certainly been part of my west of Scotland experience: I am inclined to believe that 'no issue' is a complacent and boastful conclusion not based on evidence. But since many have called long and loud for such an approach to sectarianism, it seems only logical to apply it to these other areas as well. And what about homophobia? 'Get fucking up, ya poofy cunt' is, for the student of English, a fascinating sentence, but it's hardly indicative of a tolerant atmosphere. You'll hear it, and variants thereon, at every ground every week when an opposition player is apparently injured, though: 'no issue'? When 'Off the Ball' described a poor flag as 'poofy' I actually, for the first time in my life, got off my arse and complained. I got a reply: it was drivel. Credit where it's due, though, the programme presumably realised they were out of order and have since addressed the issue interestingly and humourously. What the incident that riled me shows, though, is that many of us are actively discriminatory without even realising it: Stuart Cosgrove was no more actively trying to put down homosexuality than I am actively trying to create a Protestant theocracy when I sing 'No Surrender' at Ibrox. The effect, nevertheless, can be non-inclusive. My singing of that song is based on the fact that it creates a great atmosphere first and last, and not in any way because I care about or know about Irish or religious history. Others, though, hear my singing and feel excluded or offended by it. What to me is a noise is to others an insult - if Tom English, easily the best analyst of the game at the moment, is freaked out by it I have to think twice. That's not to say I will agree with him, but it gives pause for thought. Plainly all these issues are hyper-sensitive with absolutes thin on the ground, but there's simply no way we have absolutely 'no issue' with racism or homophobia. I suppose the point I'm trying to make is that in our game, all three of these issues exist to varying degrees, but only one is taken seriously and, conveniently, it's the one that can be blamed on someone else. Sectarianism deserves to be taken seriously, but so too do other forms of bigotry: not least sexism, which in Scotland remains rampant. I find women as sexually stimulating as the next man, assuming he's straight, but that's no reason to objectify them or base a professional appraisal on their chests or backsides: that's still the default position of far too many men. We've plenty issues which could do with being addressed both in the game and in the country, but the first step we take will have to be from our own front doors. Blaming everything on Rangers and Rangers fans while insisting the rest of the land is a paradise of tolerance and diversity is doing no-one any favours: a more honest appraisal of our own prejudices would reveal some or all of these issues, far from being non-existent, might be visible in the mirror tomorrow morning as you shave. http://www.gersnet.co.uk/index.php/latest-news/252-sds-survey-no-issues-no-chance
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As title - What is wrong with the guy? Who the f*#k bites people??????? (Dracula excluded obv) -
All over twitter this evening.
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Here is my plan complete with gaping holes for a velvet rangers revolution. I believe currently the rangers support is too fragmented to be effective in achieving fan ownership in 2014, and efforts should be turned to season 2015-2016 by the end of the year if 'angel investors' have failed to remove the current board. Goal - To create a consensus within the rangers support and eliminate economic uncertainty. To buy the club for fan ownership. To rebuild Rangers as a global player Method - Conference to create united body Use fans' season ticket money to buy shares This is Plan Z - it assumes that any investor angels with normal sized hands predictably as usual have failed to walk the walk, and the support are totally on their own with no outside assistance. I think fan ownership could be achieved by dangling this carrot in front of the 17,000 - from 2015 to 2016, a season ticket will entitle the purchaser to a full share in Rangers, and run for 3 years. I would expect around 100,000 tickets at £500= £50 million. I would invite the permanently disappointing millionaires to invest, up to £50 million, and offer a seat on the board for such investment, (and most importantly for their contacts and business acumen) but weight supporter owned shares 2:1 over investor shares. So to recap £100,000,000 investment inwards in 3 years, but with season ticket revenue being used to buy out ****s, and with supporters owning 66.66% of club. If the ****s won't sell, then they must be made aware that any plans they have for Ibrox RE sale leaseback, will not be acceptable. They must be made aware that rangers are willing to move to Hampden and possibly rebuild it with the SFA, if the conditions for Ibrox are not right. If this happens and the ****s sell Ibrox to property developers, they must be made aware that there will be continual harassment and civil disobedience on the site of Ibrox with the sole purpose of reducing the value and profit of the site. Any investors who refuse to sell at fair market value must be made aware that there will be a price to pay for this, and offices in London etc will be no protection from picketing supporters and economic pressure exerted form any avenue possible. There should be however, no ned behaviour like the hounding of BBC reporters, smashing windows at Pacific Quay for example. This needs perfect PR. And no neds. Pre conference 1- Decide on chairman and decide on speakers. You'll need a couple of keynote speakers speaking for half an hour each, and say, 20 speakers speaking for 2 minutes each. The speakers must be representative of the support and include representatives for season ticket holders, supporters clubs and busses, international supporter clubs, websites (of which Gersnet must be one), and board members of the club, if they want to put their point of view across. 2- Decide on format - At start, conference should recap how rangers came to be an omnishambles, and why it is an omnishambles. After this, a keynote address laying out the options for the supporters, and how the conference will progress through the day. Then move onto numerous quick addresses from supporters' representatives, outlining the views of the support. 3- Lunch, then voting. Conference 1- Hire the SECC or EICC. 2- Book a full AV package including projectors, screen, and digital voting system 3- Have prepared motions for conference. These will include: a) Do you agree that today we create one organisation who's authority to speak for all supporters will be granted on achieving 50%+ majority, and the results of any majority votes will be respected and adhered to by the minority? YES/NO b) Do you agree the supporters are the club, and we should own the club? YES/NO c) Do you agree to offer to buy the shares of the current incumbents at fair market value? YES/NO d) If they do not sell out their shares, do you agree to take a course of action which will potentially liquidate the 'company'? YES/NO e) Are you prepared to start again in Division 2 if necessary? YES/NO Vote on all of these and your own crafted (no pun intended) questions. Appoint a permanent 'manager' for your new organisation. he must be of outstanding flawless character, liquid, and without any legal impediments. Appoint a PR person untainted by Scottish nonsense. Try England for a robust PR professional. An attractive woman would be my sexist standpoint here, not some fat guy from Dennistoun. I don't know how to finance PR people, permanent positions, hiring SECC etc - maybe DK could help. Give your angel investors until November1st to provide a viable roadmap to fan ownership. After this it is closed to them and they must come through the fan's organisation in the future. Book SECC/EICC for Jan 31st. 2015. The results must be made available via a press release, and the current shareholder left in NO DOUBT, the consequences of their (in)actions. Note - fair market value should be just above the asset value. The current board will try to manipulate the share price to gain a better position. -
http://www.bbc.co.uk/sport/0/football/27934760
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Don't know if its age, but I don't get joy in seeing England lose as much as I used to. In the 90s there was odd occasion Id want them to win, and in certain sports I still do want them to win. When Beckham and Owen was in the team 10 years ago it was always nice to see them go out but I quite like this young attacking team. But they have got it wrong from top to bottom. The FA (and Premier League) is ran by fat cats for business profits. Would the likes of Greg Dyke get a job as a coach somewhere? So why are they allowed to run the game if they are not footballing men? Because where the money goes and comes from (sponsors, TV, fan income and owners) football is a win win regardless of the result so as long as the income runs in they are doing a good job. The FA and SFA should be ran or at least have footballing people running the game, and I don't mean ex players all the time, I mean football minded people. Roy Hodgson would be perfect fit at the top of the game running the FA with people like Bryan Robson, Trevor Brooking, Alan Curbishley. But as a manager he wasn't great at Liverpool and did ok with Fulham and West Brom but got the job as he wouldn't be a problem to those running it. Redknapp at the time took Spurs to the Champions league but is outspoken and likes his opinion so much like Brian Clough - he didn't get the job. Hodgson made some poor tactical decisions, when you are chasing a goal to stay in a competition you sacrifice a midfielder or defender for a striker but he went like for like twice until they went behind 2-1 again. The defence was poor bar Gary Cahill who was immense, the rest were awful. Even Joe Hart looked uncomfortable. As for players and selected squad overall: Id have taken Ashley Cole all day long, begged John Terry to come, taken Gareth Barry on form over an injured Jack Wilshire and taken a striker like Defoe who could get any type of goal. Really not sure what Jordan Henderson brings to the team and why he is picked when the class of Lampard is on the bench or the energy of Milner. I thought Lampard was excellent at Anfield in Chelsea's 2-0 win and hasn't played too many games so would fit nicely into that team. Milner is not a world beater but far more effective and gets back to help defend. In saying that the future is bright. They have the bases of a good squad. Going into Euro 16 with Shaw, Flanagan, Stones, Gibbs, Jones (if fit), Cahill, Wilshire (if fit), Barkley, Ox-Chamberlain, Sterling, Lallana, Sturridge, Walcott, Rodriguez....gives them a young squad with good attacking options, yet they need a decent coach to mould them together. For me England should have a look at getting Redknapp again. He would have taken Brendan Rodgers last time around but given his Liverpool role now he probably wouldn't take it, but someone like Paul Scholes should be brought in as assistant.
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http://www.gersnet.co.uk/index.php/latest-news/250-dave-king-the-grand-old-duke-of-york
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We know that season ticket sales are slow/low, and this is for a variety of reason. One of them being Dave King's "trust". Does anyone know what sort of numbers are involved with the trust now??? Is it a significant number, or has it turned out to be a bit of a damp squib???
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This is one for the support. I don't see him as a winner.
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The BBC has learned former Rangers chief executive Charles Green is seeking financial support to launch a new bid for control of the Ibrox club. Green led a consortium which bought Rangers' assets in May 2012 and then raised £22m from a share issue, but resigned from his post last year. He returned for a short-lived spell as a consultant before selling his shareholding in the club. However, he has spent the last week in talks with potential investors. Rangers plan to launch a new share issue in a bid to raise in the region of £8m and if Green is to be successful he would need to convince existing shareholders to sell to a new consortium. Green, who held the same position at Sheffield United, stood down from the chief executive's position citing the "negative publicity" surrounding an independent investigation, commissioned by the club's board, into allegations of undeclared dealings with former owner Craig Whyte. That investigation consequently found no evidence of Whyte's claims that he was involved in the Green-led acquisition of Rangers two years ago. On selling his shares to Sandy Easdale, chairman of Rangers' football board, Green said: "I want to make it clear that this means I will have no ongoing influence or financial interest at the club but I remain a fan and fervently hope that Rangers will soon be back at the top where they belong."
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Rangers' beleaguered directors face the possibility that the club auditor, Deloitte, could sever its connection with the club over the next few weeks, following a collapse in the number of season tickets sold. The Daily Telegraph understands that the international corporate finance and accountancy specialists are unhappy about the latest figures emerging from Ibrox, which show that season ticket sales for Rangers’ Scottish Championship campaign are running at half the level of last year’s take-up for their SPFL League One schedule. In a statement on the Rangers website on Friday, the board confirmed that only 17,000 season tickets have been sold. On March 27, when Deloitte signed off the half year accounts up to the end of 2013 – which showed a £3.5 million loss – the auditors added that “key assumptions” made by the directors included a reckoning of future season ticket sales. Deloitte noted that this indicated the existence of a material uncertainty which may cast significant doubt about the company’s ability to continue as a going concern. Despite assurances at the annual general meeting in December from the chief executive, Graham Wallace, that the club could meet its costs until the end of the season, the board subsequently borrowed £1.5 million from shareholder George Letham on the assurance that the sum would be repaid when season ticket sales had yielded the equivalent amount. *However, there has been no notification to the Stock Exchange of any repayment. Instead, leaked reports from a spin doctor formerly employed by the club, confirmed that the board would attempt to raise £8 million through a rights issue later this year. In a statement on the club website on Friday, the Rangers directors said of the latest season ticket sales total – and the likelihood of a share issue – that “The Board believes that whilst this level of support reduces the potential requirement for short-term financing the Board also notes the strategic objectives that it identified in the Business Review Summary published on 25 April 2014 and the related funding requirements. “The Board continues to evaluate its plans in this regard and will update the market in due course.” However, should Deloitte dissociate themselves from Rangers, investor confidence is likely to diminish. Deloitte last night would not comment on any speculation, citing client confidentiality. In response to the club statement, the supporters’ umbrella group, the Union of Fans, condemned the directors’ stewardship. The UoF statement read: “We note the announcement of the Rangers board regarding the season ticket renewal levels for the club this year. It is now obvious that a clear majority of fans have rejected Graham Wallace, Norman Crighton, David Somers, James and Sandy Easdale and their running of the club. “In any normal business, a board which had been rejected by over 50 per cent of its customers in the space of a few months would be removed. Whilst we do not expect this to happen due to the continued support of anonymous shareholders, who could not care less about Rangers, we would highlight that they have utterly failed to gain crucial trust from fans. “We do not believe this trust will ever be built without fundamental change at the club. The problem for this board is very simple. The vast majority of fans, even many of those who have renewed, simply do not trust them and likely never will. “The corporate governance at the club also continues to be a cause for grave concern. We would repeat that it is unacceptable for Jack Irvine of Mediahouse to have access to confidential, price sensitive board information through the Easdales and to then leak that information to the press as he did this week.” J
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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
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Friday, 13 June 2014 15:00 Hutton Extends Ibrox Stay Written by Rangers Football Club http://www.rangers.co.uk/news/headlines/item/7061-hutton-extends-ibrox-stay RANGERS midfielder Kyle Hutton has agreed a one-year deal with the club. The 23-year-old was out of contract in the summer but has now extended his stay at Ibrox having signed a new deal this afternoon. Hutton, a product of the Murray Park youth academy, has fully recovered from the injuries that reduced his playing time last term and will return to the training ground with the rest of the squad later this month to prepare for the 2014/15 Championship campaign. He said: “I am absolutely delighted to sign a new deal with Rangers. You never want to leave a club like this so I am over the moon to agree a new contract. “There are a lot of good midfield players at Rangers but I am confident in my ability and I will work hard to try and get a place in the team. “It was frustrating to miss so much of last season through injury but I am fully fit and ready to play a part in our rise back to the top. “I had a great pre-season in German last year and was feeling sharp but then I picked up an injury in training and that set me back. I have worked hard during the summer on my fitness though and I feel great so I can’t wait to get started again. “Next season is going to be an exciting one with Hearts and Hibs in the same division and they will be good games for the fans to look forward to. “I have played in some great games for Rangers in my career, the highlight was against Manchester Utd in the Champions League, and I want to help the club get back to the highest levels of the game once again.” http://www.rangers.co.uk/news/headlines/item/7061-hutton-extends-ibrox-stay
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The board of Rangers (the “Board”) can confirm that approximately 17,000 season tickets have been renewed to date for the Club's forthcoming SPFL Championship season. This level of renewals reduces the potential requirement for short term financing as highlighted in the Business Review Summary published on 25 April 2014 particularly given the updated season ticket pricing structure for the 2014/15 campaign. Applications for new season ticket purchases opened on Monday and sales of season tickets are continuing. The Club very much looks forward to welcoming more supporters back to Ibrox for what promises to be an exciting league competition. The Board believes that whilst this level of support reduces the potential requirement for short-term financing the Board also notes the strategic objectives that it identified in the Business Review Summary published on 25 April 2014 and the related funding requirements. The Board continues to evaluate its plans in this regard and will update the market in due course. http://www.rangers.co.uk/news/headlines/item/7059-season-ticket-sales
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Hearts: Club exit administration, signing ban lifted
ian1964 posted a topic in General Football Chat
Hearts have exited administration after documents were lodged with the Court of Session in Edinburgh. The Edinburgh club had been in administration since last June with debts close to £30m. They started the season with a 15-point penalty and will play in the Championship next term after being relegated from the Premiership. Hearts owner Ann Budge “When we do hand the club over to the fans in a few years' time, it will be in the best possible shape” Ann Budge Hearts owner "We kept going and it's wonderful that we're here, eventually," said the club's new owner Ann Budge. "There have been many days when I thought there were just too many challenges facing us but we didn't lose hope. "We want to get a really strong management team in place - I don't just mean on the field, off the field as well - and basically ensure that this club never has to go through this again. "When we do hand the club over to the fans in a few years' time, it will be in the best possible shape." Budge agreed a deal with creditors to buy Hearts and quickly set about restructuring the club with Craig Levein brought in as director of football and Robbie Neilson joining as head coach. Gary Locke, who had been manager during the administration process, left the club at the end of his contract. The move out of administration means the ban on the registration of players imposed by the league last year will be lifted and Hearts will now be allowed to make signings. http://www.bbc.co.uk/sport/0/football/27794267 The Tynecastle club entered administration in June 2013 with debts close to £30m, with most of the money owed to businesses in Lithuania who themselves would undergo insolvency procedures. Hearts' new director of football Craig Levein and head coach Robbie Neilson Levein and Neilson will lead Hearts' football operation "It certainly has been a long year but, with hindsight, it's been a great outcome," said administrator Bryan Jackson. "For that I'm very grateful, happy and very relieved." Jackson has successfully taken seven clubs, including several in Scotland, out of administration. And, asked if saving Hearts had been his toughest task, he replied: "Of course it has because I say that about all of them. "I think genuinely this one has been. It was always going to be a tough one when you saw what we inherited from day one. "With some of the external factors, some of the third parties that were involved as well, it made it very difficult for us. New obstacles kept popping up all over the place. As we solved one, there was another one. "So, I would say in the end it was the most difficult one and there were certainly times when I really didn't think we were going to make it this time. "We were close to running out of money on a couple of occasions. We managed to sell a couple of players to keep us going. "Just about everything that came in was crucial. The fans' donations were crucial as well. It was fantastic the donations we received and the support we received from them "The income in the last few games was very important to us and I'm very grateful to the fans for the numbers that turned up to those games." -
This will be more readable for those having problems with the image. "We are extremely concerned that there are now two distinctly different messages being sent out from Ibrox, which appear to be completely at odds with each other regarding our club’s finances. They show the split in the boardroom and raise the question as to who is running Rangers. On the one hand, Graham Wallace has clearly stated that there is no financial crisis, while on the other hand a former PR man for Rangers and Sandy Easdale is briefing that there is a cash crisis which can only be resolved by an urgent share issue. We are aware that the press and certain bloggers are being briefed by Jack Irvine of Mediahouse regarding the reason for, and content of, Rangers board and investor meetings. We would ask two questions. On whose behalf is he making these briefings and how he is privy to the highly confidential and price sensitive information being discussed in these meetings? Mr Irvine was previously employed by both Rangers and the Easdale brothers. We were informed by Mr Wallace in our meeting with him that Irvine no longer works for the club. In the same meeting, Mr Easdale denied that Mr Irvine has ever worked for him during the Easdale’s time at Rangers. Events would appear to prove this to be untrue for, unless he has taken up charity work, someone appears to be paying Mr Irvine to leak stories about Rangers board meetings. We would ask that Graham Wallace fulfils his legal and corporate responsibility to identify the source of the leak and remove them from either the PLC or club board, as necessary, as a matter of urgency. Mr Wallace has stated twice, both in our meeting with him and more recently at the NARSA convention, that the club is on a secure footing. He stated that there is “absolutely no prospect of administration” and that the club “is in its healthiest state financially” since he arrived. Why then are board meetings taking place for an emergency share issue? Why has the club had to take loans just to finish the season? Why have these loans not been repaid despite season ticket sales which we believe to be around 16k and which would surely have raised the £1.5m required to immediately repay the loans? The message sent out by Mr Wallace appears to be at odds with that of Sandy Easdale, who has claimed that club finances were “fragile”, and Mr Irvine, who is briefing on behalf of someone that emergency cash must be raised. Who are the Rangers fans to believe? Who wields the real power in the boardroom? If it is Mr Easdale then who is he taking his instructions from given his refusal to name the people behind Blue Pitch and Margarita, whom he represents? If the board are indeed considering such a move, then will the shares be offered to all shareholders or just those represented by the current board? Also why are they so reluctant, if finance is required, to speak to investors who actually care about the long term future of the club? We have asked for Graham Wallace to come clean about the cash situation at Rangers and we repeat that request. Mr Wallace must make a statement to clarify his position and to explain the leaks of the last few days. The appearance is that Mr Wallace’s authority is being undermined from within. His long term, professional reputation for corporate responsibility is being eroded and the corporate governance of the club’s various boards is once again a shambles. The bottom line is very simply the question of who is running Rangers. Is it extremely well paid chief executive, Graham Wallace, or Sandy Easdale, a man who, for whatever reason, is not even a member of the plc board?"
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http://www.bbc.co.uk/sport/0/football/27804525 By Richard Wilson BBC Scotland Finance remains the fundamental issue at Rangers. One contingency plan has always been to seek additional funding from current shareholders, and a substantial drop in season-ticket sales merely exacerbates the problem. When chief executive Graham Wallace published his business review last April, he indicated that if the uptake of season tickets was "materially less than anticipated" then the board would consider a pre-emptive offering of 43 million unissued Rangers International Football Club shares to existing shareholders. That remains, for now, the only viable way for the business to raise additional funding. With a new share issue proposed later this year, the price would be at a discount to the current market value of 27p and the intention is believed to be to generate in the region of £7m. This would go some way to covering any shortfall from a significant drop in season-ticket sales, and so allow the business to continue trading for the next 12 months. Unanswered questions abound, though. Which shareholders, for instance, would participate? Some individuals are suggesting that Laxey Partners would invest more money, along with Sandy Easdale, the chairman of the Rangers Football Club board. Others believe that the institutional shareholders, such as Hargreave Hale and Artemis, would not participate, given the sharp fall in the share price from its launch of 70p. In the first instance, existing shareholders are normally offered enough additional shares to maintain the size of their overall stake. Any shares that are not taken up could then be offered to existing shareholders to allow them to increase their ownership stake. It is also theoretically possible, though, for the board to place shares with specific existing shareholders, which could strengthen the power base of the group of aligned shareholders who currently effectively run the club. That would, though, be likely to agitate those left out and potentially cause further upheaval. However, Easdale and his proxies could then be considered as acting as a concert party if their combined shareholding goes above the 29% threshold, and so expose them to takeover panel rules and regulations. While a pre-emptive offering is restricted to current shareholders, their rights to participate can be acquired by non-shareholders. So while finance remains the fundamental issue at Ibrox, in that it underpins every substantial development, how the need for funding is addressed is also critical. Control is at stake also. Laxey Partners are currently the largest single shareholder, while Sandy Easdale held the proxies for around 25% of shareholders at last December's annual meeting. Institutional shareholders supported the current board at the AGM, but the need for additional funding may alter their point of view. Wallace is attempting to steer a course through the demands of financial issues and specific shareholder interests. There is no simple solution, beyond a radical change to the shareholder dynamic. That would only occur, though, if shareholders were prepared to sell their stakes or if a fresh rights issue was launched to the public. In the meantime, the Rangers board need to ensure that the business can trade as a going concern for the next 12 months. When the interim results were released last March, they contained a note outlining that a fall in season-ticket renewals from last year's figure of 38,000 would affect the business's ability to trade as going concern. Right now, Rangers are thought to still be considerably short of that. Short-term financial issues are at the forefront, but other intrigues also exist. It has been possible to detect, within the noise around the club, a growing tension between Wallace and Sandy Easdale, who is not a member of the plc board. Wallace has the executive role, but Easdale, through his proxies, carries the strongest shareholder authority. Rangers' April review: Key points Business needs to raise up to £30m over three years New share issue planned for autumn 2014 Cuts of £2m have already been made with other savings likely Plan to make the business sustainable by season 2015/16 Aim to make team Scottish Premiership winners by 2017 The flow of information is also a source of consternation to some within Ibrox, not least because talk of a share option is price-sensitive information and ought to be published first to the stock exchange. Jostling for position is evident, although finance remains the key point, not individuals. Dave King, the former Rangers director, wants to invest directly in the club. The South African-based businessman and Wallace in his business review both estimated that it will require £20-30m of additional investment to provide Rangers with the means to challenge Celtic for the Premiership title and compete again in Europe. The only way to raise that kind of money would be a fresh public offering of shares, which is what King wants to participate in since his money would go directly to the club, which needs money spent on the football infrastructure - there is still no scouting network - and maintenance work at Ibrox. King's intervention would likely lead to the dilution of the current shareholders, though, which is why an alternative route is being sought. The current squad, with one or two additions, ought to be good enough to gain promotion from the Championship, but to compete again with Celtic, Rangers need to be properly rebuilt. There is a current shortfall to address, but that is only a short-term fix. For Rangers to compete at the highest level, a change in approach is required.
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Information from a few journalists now suggesting he will undergo a medical for us today after turning down a move to Hearts...
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http://www.rangersfirst.org/forum/ The rangers news part is at the bottom of the forum section [Administrator] Is Admin Administrator: Folks, There has been an immense amount of work going on for the last couple of months behind the scenes at Rangers First. A significant amount of work has been done by those that volunteered to be involved on the Working Parties and the Steering Group. It has been frustrating at times as much of the foundational work being done has involved third parties like Banks and other institutions and these organisations tend to advance at their own speed, and not at the speed our enthusiasm would have them move. This has meant that the Steering Group has on a number of occasions simply not been able to say very much about what is going on in the background because a number of the jobs being done were not finished. The Steering Group is as aware as every other member and potential member that communication is key to move the aims of Rangers First forward to grow our membership and take control of more shares. At the SG meeting last night we decided to change tack on how we communicate, and rather than doing big monthly updates to try and communicate more regularly in smaller updates about what is going on, and to use this forum as a way of getting the information out for all to see and be pointed to from twitter and Facebook etc. Hopefully this will give you all a feel of the advances that are taking place and more importantly give you a route to which you can help the organisation grow. It is your Community Interest Company, the foundation has now been built but it is for the membership now to build upon. It is always frustrating when organisations go quiet but please be assured it is certainly not because nothing is happening. So here are a couple of small updates for today, more will follow, and hopefully you can engage with each topic asking questions or volunteering for an area of interest to you, we will then summarise the more key updates into a larger email send to the full membership via email and a website update: Bank Accounts We can confirm that two bank accounts are now in place, this has taken some time to do as although all the bank contacts, meetings and paperwork were in hand for some time we could only complete the final bit of paperwork when we had the CIC company number and only got that when the Rangers First CIC was approved by the regulator which was only a few weeks ago It is now done and this now enables us to move forward with establishing the share trading account. Your Rangers First Membership and U16 membership In the next few days each member will be sent information probably in the form of a printable certificate confirming your involvement with RF. Once this is done you will then be able to access your RF online account and sign up U16 members that you vouch for, this will also form the backbone of our online voting system going forward U16 membership will be free. Free membership will carry no voting rights but will be an important route to building the membership and building the voting membership for the future. So look out for this in the next few days and get signing. That is a small update for just now, more will come very soon, in particular we will start looking at the Governance and Election process and will invite those who are members to take part in our first vote regarding an issue that members need to consider at Rangers First Please contact your fellow Bears and talk to them about Rangers First, if you would like a presentation from RF to your local RSC or other group then let us know. 49 minutes ago 0 likes Reply with quote | Like | Inappropriate?
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I am pleased to report that the Rangers Supporters Loyal website is now live. People interested in joining can register interest on the site. Shortly we hope to be issuing memberships. A forum and messageboard section should also be up and running soon. This is your chance to join a Rangers Supporters Group that backs the club. http://rangerssupportersloyal.co.uk/
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RANGERS directors were locked in showdown talks in London yesterday as they attempt to stave off more financial chaos. Record Sport can reveal brothers Sandy and James Easdale travelled to meet with representatives of shareholders groups Blue Pitch Holdings and Margarita Holdings before staging further discussions with the rest of the Ibrox regime yesterday afternoon. Talks will continue at 10.30am today at an official board meeting to be held in the offices of the club’s financial advisers, Daniel Stewart. The Easdales flew out of Glasgow yesterday on a morning flight to the docklands’ City Airport. Coincidentally on the same flight were the club’s shamed former finance director Brian Stockbridge and axed PR guru Jack Irvine. Rangers sources insisted last night that Stockbridge’s presence was ‘purely coincidental’ although all four were spotted chatting together in the departure lounge before boarding. On arrival in London, Stockbridge was seen heading for a train while the Easdales left in a taxi cab. But it’s understood the brothers were then involved in talks with the same mysterious investors who helped fund the £5.5million takeover which saw Charles Green, Stockbridge and Imran Ahmad seize control of the club’s assets two years ago. Blue Pitch and Margarita are now supporting the Easdales and sources claimed last night they will be willing to plough more money into a fresh share issue if, as widely expected, the club requires an urgent injection of cash after a dramatic slump in season-ticket sales. It’s understood chief executive Graham Wallace later met with the Easdales after flying back to Britain from a supporters convention in Canada. Wallace declined to answer fans’ questions when asked how many season tickets have been sold. Sources close to the board insisted last month 20,000 fans had renewed. Meanwhile, generous fan George Letham, who stumped up £1m in emergency cash to keep the club out of trouble in February, has still not had his loan repaid. Under the terms of his loan the money was supposed to be returned as soon as sufficient funds had dropped into the club’s account from season-ticket sales. And with June’s wage bill still to be covered at the end of this month, the regime’s need to secure fresh funds seems increasingly urgent. But before jetting back across the Atlantic for yesterday’s London talks, Wallace insisted on the club’s website that Rangers finances are not a cause for alarm. And he insisted fans can expect to see more new signings soon. Meanwhile, it has been revealed accountants and lawyers have raked in a staggering £2m in 12 months as the bill for winding up oldco Rangers continues to soar. The figures have been detailed in the latest six-month report from insolvency experts BDO who were appointed liquidators of the Rangers Football Club PLC after it failed to emerge from administration following Craig Whyte’s ruinous 10-month reign. And the unfathomable strategy adopted by Whyte is further highlighted by the fact almost half of this latest bill has been covered by the final instalment of the £4.5m deal which saw Nikica Jelavic sold off to Everton just two weeks before the club was plunged into financial chaos in February 2012. The BDO report, which was completed at the end of last month, reveals a cheque for £975k is expected to arrive from the Goodison Park club ‘shortly after 31 May 2014’. But that won’t come close to covering the spiralling costs – as BDO gear up for a potential multi-million pound courtroom battle with Collyer Bristow, the law firm who advised Whyte during his takeover in 2011. In total, more than £1m has been spent on legal fees and outlays with more than £650k of it going to solicitors Stephenson Harwood, who are preparing the case against Collyer Bristow. The report says a trial date is ‘currently set for the beginning of 2015’ but it is anticipated a deal could be negotiated and an out of court settlement agreed. BDO are also carrying out a probe into the conduct of administrators Duff and Phelps, who sold the club’s assets to Green for a knockdown £5.5m. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-directors-hold-showdown-talks-3668192
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By Alasdair Lamont and Martin Conaghan BBC Scotland The Scottish FA is to look into moving away from Hampden Park. It is one of a number of proposals put forward following the hiring of a consultancy firm by SFA chief executive Stewart Regan. The SFA's lease on Hampden expires in 2020 and that could signal an end to international matches and cup finals at the national stadium. Its board will look at the practicalities of taking such games to other stadiums round the country. The proposals, which are at an early stage, also include exercising an option to renew the lease for a further 20 years or acquiring the freehold from current owners Queen's Park Football Club. BBC Scotland has seen documents circulated to key SFA figures last week. Celtic Park, Pittodrie Stadium, Ibrox Stadium, Easter Road and Murrayfield Stadium are all under consideration as venues for Scotland's home matches and Scottish Cup games. It would also mean the SFA finding offices elsewhere as well as moving the Scottish Football Museum and sports medicine facilities. The SFA has lodged a bid with Uefa to host group matches for Uefa's Euro 2020 competition, which will be staged across multiple European cities. It recently extended the lease to incorporate the Euro 2020 bid. The proposal document assumes there is no desire in the SFA to build an entirely new stadium or refurbish an existing ground. James Watson Consultancy has been engaged to assess the various options ahead of any announcement regarding Euro 2020. BBC Scotland contacted the SFA, who did not wish to comment at this stage. Hampden, which also houses the headquarters of the Scottish Professional Football League, has been temporarily converted to an athletics stadium for the 2014 Commonwealth Games. Queen's Park, who play in Scotland's League Two, have been playing their home games at Excelsior Stadium in Airdrie during the conversion work and until the stadium reverts back to a football venue after the summer event. http://www.bbc.co.uk/sport/0/football/27774208
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ALLY MCCOIST was disappointed that 18-year-old Charlie Telfer decided to move to Dundee United after Rangers had offered him a new deal to stay at the club. Telfer was a key player for Gordon Durie’s Youth Cup winning under-20 team in 2013/14 but at the start of this month it was confirmed he would join the Tangerines which came as a surprise to many Rangers supporters. The midfielder, who made his Gers first-team debut in a 4-0 win over Stenhousemuir at Ochilview Park in April, was seen as being one of the brightest prospects at Murray Park but McCoist reluctantly had to accept his decision to move on. He said: “We wish Charlie all the best but we were obviously very sad to see him go. “He trained with the squad and came on against Stenhousemuir last season and we feel he is a great prospect. He still is a great prospect but sadly for Dundee United now. “We offered Charlie terms which he was well within his rights to decline and turn down and he did so. He has moved to Dundee United with our best wishes. “The first thing people have to realise is it was Charlie’s decision. We wanted to keep Charlie but he obviously decided to turn down the offer that was put to him by the club. “I can understand people questioning why would Charlie want to go to Dundee United rather than stay at Rangers. He can answer that, he has been quoted in the newspapers recently. “But we have been delighted with some of the younger boys that have come through. “Last year alone we had 13 academy graduates who played for the first team. Some of them will develop quicker than others. Look at boys like Macleod, Gallagher, McKay, Aird and numerous more have come through the academy.” In total 21 Murray Park graduates have made more than 450 appearances for the Rangers first-team post-administration which goes against any suggestions that young players have not had an opportunity at senior level in recent years. McCoist added: “We are delighted with the academy, we want to get as many coming through as possible but 13 last year is good and we will never rest on it. “Jimmy (Sinclair) and the lads in the youth department are very pleased that myself, Kenny and Ian have told them, and we stand by it, if we feel the kids are due an opportunity and deserve an opportunity then they will certainly get one. “They will always get the opportunity. Even further back Allan McGregor, Barry Ferguson, Charlie Adam, Chris Burke, Stevie Smith – international footballers a lot of them - have come through the academy at Murray Park. “Perhaps the whole thing has been blown up a little bit because Charlie has exercised his right to move on but we will continue to work hand in hand with the academy. “The boys that warrant and deserve their chance, I can reassure everybody, will get it.” http://www.rangers.co.uk/news/headlines/item/7046-ally-sad-to-see-charlie-go
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as it say in the Herald
