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keith jackson @tedermeatballs 43s More sources close to RFC board saying 20k season tickets now sold. If true then they should thank Dave King for his prolonged silence. IF true.
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Approx 230 pages containing over 7,000 signatories and about 80 pages of comments Thanks to all who added to the numbers Craig SoS -
Being said on FF and Twitter that VB met with the board the day after the UOF meeting. Somers and James Easdale also attended. Why would the board meet with such a small unrepresentative group? As is being said on Twitter most supporters clubs have more members.
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Anyone heard where Mr King is and what hes up to? He seems to have disappeared off the face of the earth.
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IMO this question should come before the one about on-field exploits. There are many things to take into consideration and perhaps the Financial Bears could map out what they see as a probable/conditional route through the next 12 months. Some of the obvious questions that scream out are:- - Where is the money coming from to keep the lights-on? - Will there be an insolvency event? - What will be the final ST number? - Will game by game maintain it's attraction? - How long will it take to get a share issue up and running and will it be successful? - Is there money to carry out plans mapped out in business review? - How deep could austerity hit us? - How exactly will austerity hit ut? - How will severe austerity be paid for? (pay-offs) - When do the assets go? - Do you trust who is in control of the board (including the Easdale proxy block)? etc. -
Hoping for Atletico to do the double, will have a wee bet on them to lift the trophy. Real have put all the eggs into the CL basket and are hot favourites.
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So many season tickets have been sold in the past because it was 'what you did' every year and also an element of loyalty when the Club was down. Very few, if any, were still buying for the entertainment value. It was very much a habitual thing for a large number of us. You had your budget fixed every year to allow for it. A huge assumption is being made (IMHO) that everyone will come back if the boardroom mess is sorted out. I have major doubts about that. You see, I don't believe everyone has put the money aside for that eventuality. I think the poor uptake on Dave King's fund supports that theory. I don't think it was a mistrust of DK. People just want to see something for their money - instant gratification. Very few working class folks have that money to simply leave lying in a 'limbo' account. I also KNOW of many who were seriously considering giving up the STs due to the perpetual lack of entertainment year on year. Taking that step to use the money for something else, e.g. a large contribution towards a family holiday, has been a huge decision for some. But like with anything habitual in life, once you break it life goes on. After a few months........if there is nothing there to entice you back.... I'm just interested in whether anyone believes we will hit the same heights again in sales? I firmly believe that boardroom change wouldn't be enough to win the people back. -
Give written legally binding assurances to fans that Ibrox stadium will not be sold or used as security for any loans Ibrox stadium has been the home of our club for over 100 years and due to mistrust of the board of directors, many fans are unhappy that no legally binding assurances have been forthcoming from the board and a recent club statement declared that the board are unwilling to provide such assurances. The board agree that the stadium is sacrosanct and state they will not sell or use as security. The word of the board can not and will not be accepted by many fans due to a number of recent statements that have since proven innacurate and untrue. Fans also wish to be protected if the current board should be replaced in the future. They have also declared they wish to build trust with the fan base and this action would go some way in improving any relationship https://www.change.org/en-GB/petitions/graham-wallace-give-written-legally-binding-assurances-to-fans-that-ibrox-stadium-will-not-be-sold-or-used-as-security-for-any-loans?recruiter=97305010&utm_campaign=mailto_link&utm_medium=email&utm_source=share_petition
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By CHRIS JACK and MATTHEW LINDSAY: RANGERS have recorded many memorable and momentous triumphs throughout their 142-year existence. The Ibrox club has won the league on a world record 54 occasions as well as the League Cup 27 times and the Scottish Cup 33 times. On the road to recording that incredible haul of domestic trophies, the Light Blues have claimed seven Trebles. That is a feat no other football club on the planet has managed to match. The Gers have also excelled in Europe over the years. They have reached four finals in continental competition - in 1961, 1967, 1972 and 2008. The Glasgow giants have also slayed some of the biggest names in football over the years - including Bayern Munich, Juventus, Leeds United and PSV Eindhoven. And there have, of course, been numerous victories over Celtic which will never be forgotten by their legion of loyal followers. But what are the 50 most memorable games in the history of Rangers? Chris Jack and Matthew Lindsay trawled through the Evening Times archives in an attempt to come up with a definitive list of their biggest outings. And in the coming fortnight in SportTimes, we will count down from 50 to 1. Not every Rangers fan is likely to agree with their findings. But starting today, we take a nostalgic look back at the most entertaining, most unlikely and most important results for Rangers since the Second World War. It promises to be as much fun as watching them in action. 50 Game: Rangers 5 Celtic 1. Date: November 26, 2000. Competition: Scottish Premier League. Venue: Ibrox. Attendance: 50,083. The most expensive player in the history of Scottish football made his debut as Rangers overwhelmed their Old Firm rivals at Ibrox. Tore Andre Flo, the striker signed for £12million from Chelsea, netted on his Light Blues bow as Dick Advocaat's side bounced back from an embarrassing 6-2 drubbing at Parkhead in some style. Rangers were miles off the pace in the title race, but this derby victory cut their arrears to the Hoops to 12 points and gave the Light Blue legions plenty to shout about. Barry Ferguson, Ronald de Boer, Lorenzo Amoruso and Michael Mols were also on target for the Gers. It was to prove a horror day for Martin O'Neill's side, who had got back into the game at 2-1 after Henrik Larsson scored before Alan Thompson saw red and Rangers romped to a victory to savour. 49 Game: Rangers 10 Valletta 0. Date: September 28, 1983. Competition: European Cup-Winners' Cup. Venue: Ibrox. Attendance: 11,500. Rangers recorded their biggest-ever European victory, but few were inside Ibrox to see history being made. Already 8-0 ahead from the first leg in Cyprus, John Greig's side turned on the style on home soil to also set a new aggregate score record and Scottish club record in Europe. The Gers were off and running inside the first minute when David Mitchell scored and the game was won after 10 minutes, John MacDonald netting the first of a hat-trick before Mitchell completed his brace. Ian Redford also scored twice and there were goals from Ally Dawson, Billy Mackay and Billy Davies as the Light Blues romped to victory. 48 Game: Rangers 2 Real Zaragoza 0. Date: March 1, 1967. Competition: European Cup-Winners' Cup. Venue: Ibrox. Attendance: 65,000. The 1966/67 campaign is one of the most remarkable in Rangers' history, with the team that reached a European final humbled by Berwick. Scot Symon's side would eventually win this tie, and book a place in the semi-finals against Slavia Sofia by virtue of a coin toss after a defeat in Spain left the scores tied after extra-time. The crowd that packed into Ibrox would have been unaware of the drama that would unfold, especially after the Gers took control of the match and seemed to be heading smoothly for a last-four berth against the fancied Spaniards. Dave Smith put the hosts ahead after just 10 minutes and when Alex Willoughby doubled their advantage before the half-hour mark, victory on the night was secured for Rangers. 47 Game: Kilmarnock 1 Rangers 5. Date: May 15, 2011. Competition: Scottish Premier League. Venue: Rugby Park. Attendance: 16,173. In his final game as manager, Walter Smith bowed out in style as he led Rangers to their third successive SPL crown. The Light Blues went into the Rugby Park clash a point ahead of Old Firm rivals Celtic on the final day, but blew Killie away to win the title inside seven minutes. Kyle Lafferty scored twice, either side of a Steven Naismith strike, to settle the nerves and allow the Light Blue legions to start celebrating in Ayrshire. After the break, Nikica Jelavic beat Cammy Bell and Lafferty completed his hat-trick. It was the perfect way for Smith to bring the curtain down on his illustrious managerial career, with the celebrations continuing in front of thousands of fans when the team returned to Ibrox. 46 Game: Rangers 3 Aberdeen 1. Date: April 28, 1996. Competition: Scottish Premier League. Venue: Ibrox. Attendance: 47,247. Rangers wrapped up eight-in-a-row to move within touching distance of the famous nine and did so thanks to a superb showing from Paul Gascoigne. The England midfielder enjoyed a terrific first campaign at Ibrox and put the seal on the title with all three goals against the Dons to clinch the title for Walter Smith's side. Gazza was the most expensive signing of the previous summer for Smith, who shelled out £4.3million to bring him from Lazio, and he took his tally to 19 goals with his hat-trick on the penultimate day of the season as he cancelled out Brian Irvine's opener and produced a world-class display to get the party started at a packed Ibrox. Your shout ... Now it's your turn to let us know what you think about Rangers' 50 most memorable matches. Get in touch with us via email at sport@eveningtimes.co.uk and have your say on the Light Blues' biggest games. http://www.eveningtimes.co.uk/rangers/rangerscomment/rangers-the-50-most-memorable-matches-50-46-164912n.24311913
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SATURDAY 24TH MAY. CELEBRATION AND PROTEST We have been asked by many fans to arrange some protests during the close season and as 24th May is the anniversary of the clubs greatest victory in Barcelona 1972, we have made arrangements for the Louden Tavern at the stadium to show a re run of the game from 1.00pm At 3.00pm we will be marching to the stadium for a 30 min protest and a petition to hand in and explain why the fans wont renew season tickets or indeed buy new ones. We require as many fans as possible to turn up as a show of numbers would be vital for the success of the protest Fans are asked to meet up at the Louden between 1.00 and 2.30 to give us adequate time to make final arrangements with fans Can I ask all to share at usual places and feeback to me with expected number which will allow me to notify Louden and make necessary arrangements. We are planning on some other things for Saturday and will announce them once we have confirmed Thanks Craig.
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Seems that the bros or one of them are suing for £200K. In tomorrow's Record.
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http://sport.stv.tv/football/clubs/rangers/275976-spfl-pay-broadcaster-up-to-250000-per-season-to-show-rangers-games/ The Scottish Professional Football League is contractually bound to pay BT Sport up to £250,000 per season in return for the broadcaster airing Rangers matches. STV understands that under the terms of a renegotiated TV deal following the removal of Rangers from the top flight in 2012, a clause was inserted making the league liable to additional production costs incurred setting up at lower league grounds. It is understood the league agreed to the insertion of the clause in order to guarantee broadcast contracts which were essentially null and void after Rangers were expelled from the then-Scottish Premier League and were subsequently admitted to the bottom tier of the Scottish Football League. The SPL paid the Scottish Football League £800,000 for one season's worth of rights to show Rangers games but that deal was absorbed when the league bodies merged in 2013. It is not known how much has been paid out to BT Sport and ESPN, who were the holders of the contract for the 2012/13 season, to date. The overall payment is capped at £250,000 per season. In a statement to STV, SPFL chief executive Neil Doncaster said: "The support given to Scottish football by our broadcast partners, in 2012 and since, has been fundamental to the ongoing health of the game in this country." It is understood the league thought it necessary to agree to the deal in order to protect revenue from broadcast contracts. Nevertheless, the revelations in short mean the SPFL pays a broadcaster in order for Rangers games to be shown on television. BT Sport said in a statement: “[We] were delighted to inherit the SPFL rights from ESPN at the beginning of this season, however we cannot comment on contractual details.”
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Neil Lennon is to part company with Celtic after four years as manager following talks about his future. It is understood that the former club captain had been considering his position for some time despite securing a third straight Scottish title. He has been concerned about this playing budget for next season. The 42-year-old Northern Irishman took charge of the Glasgow club in 2010, leading them to three league titles and two Scottish Cups. Lennon, who also previously led Celtic to Champions League last 16, is believed to have been concerned that his present side would be able to negotiate three rounds of qualifying next season.
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Given the current situation and arithmetic within,......the easiest way of tackling 'division' within the support is to stop talking about it. The vast majority (look at ST renewals/ or lack of) and we see that the large 'apolitical middle rump' of the support are unhappy. I don't think there is any doubt that the majority would cite general unhappiness of how the club is being run alongside a distrust of the current board. The numbers involved with groups that may be considered loosely as pro-board are such that they become unimportant. That isn't to disrespect anyone or to say they can't have their opinion(s) but it is to say that the arithmetic points to any 'division' currently being insignificant. The biggest noise is coming from those who don't belong to any group and the board would do well to listen.
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@Chris_Jack89: Sandy Easdale has threatened legal action against Craig Houston over an online petition. Story in Wednesdays @TheEveningTimes #Rangers
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SATURDAY, 17 MAY 2014 19:30[h=2]Club Statement[/h]WRITTEN BY RANGERS FOOTBALL CLUB RANGERS have issued the following statement today: “Representatives of Rangers have met with a number of supporter groups over the past few days and discussed a wide range of topics. We again made it clear during these meetings that the club will not grant security over Ibrox to any organisation and therefore the 'Ibrox 1972' scheme can never achieve its objectives. In addition the club will not accept season ticket applications from third parties such as 'Ibrox 1972' on behalf of supporters. “In some of our discussions with fans, it was indicated that there was a wish for the Board to confirm that our statement of intention not to grant security over Ibrox could become a commitment that would last for 12 months. This has subsequently been discussed by the Board and the Board confirms that it will not be seeking to effect a sale and leaseback or grant security over Ibrox during that period of time. “The Board is rebuilding the Club by ensuring its financial stability and the integrity of its assets. “Whilst the Board is reported to have offered legally binding undertakings during a fan group discussion in relation to Ibrox and Murray Park, this is not the case. The Board is committed to high standards of corporate governance and is comfortable that it has at all times been very clear in providing consistent and unequivocal public comments on this subject. "Season ticket sales have continued at a good pace over the last few days and we appreciate the continued support shown by our loyal fans. "We trust that any supporters who may have been in any doubt about the Board's previous statements regarding Ibrox now have an additional level of comfort and any who may have made, or were considering making, a pledge of their season ticket money to 'Ibrox 1972' are clear that there is no prospect of that group achieving its aims."
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http://www.yorkshirepost.co.uk/sport/football/leeds-utd/new-leeds-owners-will-buy-back-elland-road-for-15m-1-6322034 BUYING back Elland Road for around £15m tops the list of priorities for Leeds United’s prospective new owners, the Yorkshire Post has been told. A consortium led by United managing director David Haigh is bidding to buy a 75 per cent stake in the Championship club. The group - which is believed to include Andrew Flowers, the managing director of current shirt sponsors Enterprise Insurance - have signed a share acquisition agreement with GFH Capital, the Dubai-based firm that purchased United from Ken Bates a year ago. Football League approval is now being sought as this buyout would be the second of the club in as many seasons. Providing there are no late hiccups, the Haigh-led consortium is expected to take charge early in the New Year. As revealed in this newspaper yesterday, re-signing former Player of the Year, Max Gradel, in the January transfer window is high on the list of targets for the prospective new owners. However, sources close to Haigh’s group have also made it clear to the Yorkshire Post that buying back Elland Road will be their top priority once at the helm. United’s home was sold to Manchester businessman Jacob Adler for a knockdown £8m price in November, 2004, as mounting debts threatened to drag the club under in its first year outside the Premier League. Ownership passed the following year to Teak Commercial Limited, a firm based in the British Virgin Islands. Included in the initial sale and leaseback deal with Adler - and something retained in the subsequent sale to Teak - was a buyback option that allows the club to purchase the stadium at a set price. That amount rises each October and today stands at £15m. Also subject to a raise of three per cent each October is the rent United pay to Teak, which this year will cost the club £1.4m. Since Elland Road was sold to Adler by the United board that was led by Gerald Krasner, United have paid around £11m in rent. Removing that financial millstone from around United’s neck will, the source close to Haigh’s group insists, be the overriding priority providing the expected takeover goes through early in 2014. Regardless of whether the club’s would-be new owners are successful or not in that quest, United’s tenancy in LS11 is secure thanks to the terms of the 2004 sale and lease-back arrangement - a deal in which the owner of a large asset, such as property, sells it and then immediately buys back from the buyer the right to use the asset under a lease for a fixed term at a pre-arranged rent. In United’s case, that agreement was for a 25-year lease that, once at an end in 2029, can be extended by a further quarter of a century. This means Leeds’ future at Elland Road is safe for at least the next 41 years. Haigh and his fellow would-be investors, however, are well aware that buying back the ground would be the clearest signal yet to supporters that the club is moving in the right direction. If they are successful in that quest, it will be the second time in a generation that United will have bought back their home thanks to improving financial fortunes. The first instance came in 1998 when Peter Ridsdale’s board paid £10m to Leeds City Council for the stadium, which along with the surrounding land had been sold 13 years earlier to the local authority for a quarter of that sum. Crippling debts of around £1.5m had forced the 1985 sale on the club. History then repeated itself in 2004, though by then the sums involved had multiplied dramatically. Krasner’s board had taken over Leeds in March of that year but relegation just a couple of months later hit United very hard. A fire-sale of players such as Alan Smith and Mark Viduka during that summer bought the club respite for a time but by the early months of the 2004-05 campaign it was clear Leeds were still in the financial mire. Debts that had, at one stage, stood north of £100m when the takeover went through had been slashed to around £25m. However, punishing repayments to Jack Petchey, a London-born businessman who had once been chairman of Watford and an Aston Villa shareholder, for a £15m loan taken out by Krasner and his fellow directors when buying the club had started to bite. After negotiations with a number of parties that included Sebastien Sainsbury and local businessman Norman Stubbs floundered, the United board was left with no option but to sell the club’s only two remaining assets of substance - Elland Road and Thorp Arch, the latter’s sale raising £4.2m. Once the two sales were concluded, the remaining debt of £9.2m to Petchey was cleared. United’s financial woes continued, however, and the club was subsequently sold to Bates the following January. At his first press conference, the former Chelsea chairman said: “It is our intention, in the fullness of time, to exercise those options and bring the land and stadium back where they belong.” Scarcity of funds, though, meant those wishes went unfulfilled with a bid to buyback Thorp Arch floundering at the 11th hour in 2009. Similar sentiments about purcahasing Elland Road were expressed by GFH Capital following their December 21 takeover last year but, again, nothing concrete came of the plans.
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It has been described as a game of poker but the battle for Rangers has become something of a hand of three-card brag. The most crucial aspect of this game of claim and counter-claim is when the King is played. There are three parties to the Rangers story and each has reached a time of decision. The Union of Fans, the representatives of six fan groups, met last night to discuss the latest developments in a narrative that stretched over two years. The most crucial aspect of their discussions will be the future of the Ibrox 1972 initiative which sought to place season-ticket money in trust under the directorship of Richard Gough, the former Rangers captain, and Dave King, the South African-based businessman who is seeking to alter the power base at the club. The statement by the board on Saturday night that legal guarantees over Ibrox and Murray park would not be offered to fans has left little room for manoeuvre. First, the supporters believe that this was not their understanding of what occurred at the meeting; second, they said it was impossible to deal with the board in good faith and, third, it makes the ploy of Ibrox 1972 almost redundant. The move over season tickets was designed to bring pressure on the board and it did. But the incumbents have so far ridden this out. Indeed, Rangers sources were last night "bullish" about the future, predicting burgeoning season-ticket sales, declaring that precise figures would be given to the markets in due course as they represent market sensitive information. There was one glitch. Under agreed terms, once Rangers have reached £1.5m in season-ticket sales George Letham and Sandy Easdale must be repaid their loans. It is understood, however, that Letham is still awaiting repayment. There was, though, the unmistakeable message yesterday of Rangers "getting down to business", with sources citing appointments to be made, playing plans to be drawn up, the challenges of next season to be met. The delicate point of where all the money will come from has been, ahem, disputed. Rangers hope that the season-ticket tally will approach 20,000, hospitality packages can be sold and that a much-needed income stream will run quickly and profitably. There is also the matter of the £5m of equity funding from existing investors that could be accessed at the press of a button, according to sources close to the talks between supporters and board members this week. A share issue, too, could be brought forward to the end of summer. Even those inimical to the existing board suggest the club "could stagger on" into next season. However, savings must be made and investment found. This may make it an uncomfortable summer for Graham Wallace, the chief executive. He has been assailed by fans over the 120-day review and statements made at the annual general meeting. He also suffers the fate of all chief executives of being an instrument of the board and there was a wounding assertion from the Union of Fans that Wallace is "less powerful" than Sandy Easdale, who is not a member of the plc board but sits on the football equivalent. Wallace has set out his plans and has embarked on a recruitment campaign, in particular for a marketing manager, but has to do this while fighting fires. He will need support but, being Rangers, he should not expect it. The most intriguing player in the card game is, of course, King. If he sits on his hands, Rangers may limp towards some sort of stability - with a much-reduced cost base and a viable challenge to Celtic postponed - or they may slowly but inexorably slip towards financial perdition. His intervention, though, would be a game-changer. However, there is increasing concern among his supporters that King has hesitated too long. One City source, who has control over a tranche of Rangers shares, last night said: "Time is running out for a decisive intervention. King has had talks in the City about proxy votes and these have been amicable, and might even be productive. But there is a sense that something must be done quickly." King must convince the City that the turmoil at Ibrox is such that it is better to give him proxy than to rely on the board to raise the share price to anything like the launch level. The share price has risen of late to just more than 28p from a low of 22p in May. King, however, has stated bluntly he does not want to buy shares from the incumbent board. There are considerable amounts of shares on the margins with some corporate holders open to selling. "There is a feeling," said the City source, " that some of the original investors would take the hit and write it all off to experience and to tax." The most recent soundings from King make clear that he does not want to pursue the buying of shares as this will dilute the money available for a significant investment to make Rangers competitive with Celtic quickly. Any dramatic and immediate development in the Rangers story would thus have to come from King. There is no doubt that the maverick businessman knows how to hold 'em. His supporters trust that his hesitation may not involve accepting he has to fold 'em. Rangers are still in play but the match has moved into extra time for King. http://www.heraldscotland.com/sport/football/can-rangers-trump-king-or-does-he-still-hold-the-ace-card.24273947
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Sons of Struth Just now UNION OF FANS STATEMENT "In response to the disingenuous statement from the board, and to clear up the confusion they appear to be deliberately trying to cause Rangers supporters, we would like to reiterate our truthful account of the discussions held with Mr Wallace, Mr Crighton and Mr Sandy Easdale. We were invited to Ibrox by Mr Wallace, days after the launch of Ibrox 1972, to discuss the ongoing issues surrounding the security of Rangers’ assets. During the course of that discussion on Wednesday 14th May, Mr Wallace suggested that, whilst security would not be granted, the board would be open to offering a legally binding undertaking that Ibrox would not be sold, subject to sale and leaseback or any type of loan security. For the avoidance of doubt, that was Mr Wallace’s proposal, not ours, and he indicated that the plc board would meet on Thursday 15th May to discuss it. Given that two of the four plc board members who were required to rubber stamp this proposal were present, and apparently in favour of it, this was very much presented as a formality. We made it very clear that any such undertaking would need to be evaluated by our lawyers and this was accepted by all those in attendance. Given what Mr Wallace proposed regarding Ibrox, we asked that the same arrangement be put in place for Murray Park in order to safeguard it from the same fate. This was met by more substantial opposition from the board representatives, in particular Mr Easdale, who we would like to emphasise is not a plc board member, and Mr Crighton. They said they wished to retain “flexibility” over Murray Park. However, by the end of the meeting they had also agreed to consider granting the same undertaking as the one they suggested for Ibrox. This, we were told, was also to be discussed at the plc board meeting on Thursday 15th May. Our statement on the night of Wednesday 14th May reflected all of that and was 100% accurate. Any attempt to suggest otherwise is a deliberate misrepresentation of the facts. Since that meeting we have heard nothing from the board. It is clear that they have now rejected Mr Wallace’s proposal to give a binding undertaking over Ibrox. It is clear that they have considered our proposal that the same undertaking be given for Murray Park and have also rejected that. The idea that this latest board proclamation should give supporters any type of additional confidence over the club’s assets is therefore utterly ridiculous. In fact it should confirm just how much danger our vital assets are in. It is clearly impossible to deal with this board in good faith. They told us we would receive a swift response following their deliberations. We have received no response. They told us that over the past two weeks, all major investors, bar one, have indicated they will participate fully and proportionately in any future rights issue. We do not believe this to be the case. They told us that all those major investors are supportive of their business plan and were impressed with the ‘120 day’ review. We do not believe this to be true. They told us that they have access to an instant £5m of equity funding from existing major investors. This, according to Mr Wallace, is available at “the push of a button”. We believe that, if this is true, it will be used to benefit Mr Easdale’s associates. It is clear that Mr Wallace, despite being Chief Executive, has less influence in the plc boardroom than Sandy Easdale, who is not even a member of the plc board. It is clear that Murray Park is in grave danger and has been since December 2013. The statement from the board that they “will not be seeking” a sale and leaseback of Ibrox is not binding and it is still not unequivocal. We believe, as long as the shareholders fronted by Mr Easdale are calling the shots in the boardroom, Ibrox will remain in grave danger too. Until this situation is resolved we would continue to urge supporters to think very carefully before they hand this board their hard earned money up front. It is clear from meagre renewal levels that a large majority of fans do not trust this board. Our experience is that this position is the correct one to adopt. Support the team, not the regime.”
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Given the silence eminating from the board room it has become clear that the current custodians of our club have no interest whatsoever in appeasing the fans fears. The bare faced truth is that they tried to pull a fast one with the meeting with Wallace. make it look like theyre doing the right thing by communicating with the fan groups and trying to deceive those who havent renewed their SBs. Some are saying that theres a split in the boardroom. i for one dont think so. It was a last throw of the dice driven by sheer desperation to get some more fans to buy sbs. They are now banking on raising enough money to get them to the start of the new season. they will mortgage everything down to the kitchen sink to raise cash if they have too. They will anticipate 40 000 plus with every home game when the new season starts. and if they get those numbers they will get the money to fill their boots. We need to starve them out . that means empty stadiums until their hand is forced. Its not about just supporting the team, its about saving the club and its future. give this lot money and you are signing the clubs death warrant. I implore every fan to boycott our home games and drive these cretins out.
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The Union - an umbrella group comprising six supporters' organisations - had been urging Gers followers to withhold season ticket cash. A company, Ibrox 1972 Ltd, has been set up with South Africa-based businessman Dave King and legendary captain Richard Gough as directors. The Union wanted the club to grant them security over both Ibrox Stadium and Murray Park training ground in return for the money. Wallace admitted last Friday that season ticket renewals had been slow and fears have also been expressed by some about the future of the club. But representatives from the organisation met with Wallace, non-executive director Norman Crighton and major shareholder Sandy Easdale. And Wallace, who has stated in the past that security will not be granted, told them the club could be prepared to give them a legally binding guarantee over Ibrox. However, the Union asked for an identical agreement over the club training ground at Murray Park and the club officials agreed to look into that possibility. But the talks were a huge step towards the bitter stand-off between fans and the club being brought to an end. A Union of Fans statement released on Wednesday night read: "Following a number of attempts for several weeks to arrange a meeting with chief executive Graham Wallace to discuss our proposals for security over Ibrox and Murray Park, the Union of Fans were invited by Mr Wallace to discuss this and other issues at a meeting at Ibrox. "Representatives of the Union of Fans met with Mr Wallace, non-executive director Norman Crighton and Sandy Easdale. "A proposal was made by Mr Wallace that, whilst the board would not grant a security, they could consider giving a legally binding undertaking which would protect Ibrox from sale, sale and leaseback or as any form of security for a loan or other finance. "We made it clear to Mr Wallace that we felt it was also appropriate that they provide the same undertaking for Murray Park. "Mr Wallace and Mr Crighton agreed to discuss this with the rest of the PLC board as a matter or urgency and further discussions between the PLC board and the Union of Fans will continue once this board meeting has taken place. "We believe we accurately conveyed the fears of supporters that either or both of these club assets could be lost to the club in a scenario where they were used for any sale and leaseback or other loan security. "Any proposal by the board will be evaluated by our lawyers and a decision will then be taken on how to move forward. We will keep fans full informed as discussions continue." Rangers did not comment on the meeting. GET RANGERS NEWS ALERTS BY EMAIL
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“If you’re prepared to accept mediocrity because our owners are greedy fair enough. Me, I intend to do everything I can to root them out.” A quote from Gunslinger. So what are we doing as a support to root out the directors? I believe the answer is “Not a lot”. Let’s look at the two lots of people a majority of the fans want rid of – the Shareholders and the Directors. 1. The Shareholders There are 2 main ways that the shareholders can get to go or to lose control: a) Someone buys their shares – there is currently nobody who wants to buy their shares. Dave King has said he won’t do it. There are 2 fans’ vehicles for purchasing shares, both of whom are a long way away from getting enough cash to make a meaningful investment. They also both have the dilemma of raising cash and then deciding whether to use the cash to pay existing shareholders and therefore not a penny goes to the club, as happened recently with BuyRangers, or wait until there’s a share issue at some future point. They also run the risk of their shareholding being diluted. Let’s say they get 1% of the shares and then there’s a rights issue. They could find that their 1% has been reduced to 0.5% or even lower. Perhaps it needs yet another calamity like an administration to change the mindsets of the fans to fan ownership as they have consistently shown that a vast majority are not there yet. b) There’s a share issue of some sort, which dilutes their control in the way mentioned above. However what happens if they are the ones to put in the cash? They could increase their shareholding percentage. Dave King has said that he would be willing to invest, but only under certain circumstances. Are the current shareholders likely to structure an issue that sees them losing control to King? Very unlikely. Is King willing to invest that level of cash and not have a level of control? Very Unlikely. All of King’s actions seem to be aimed towards trying to force the existing shareholders and directors out without him having to spend any cash in doing so. He has built up a degree of animosity between him and the board and as such he has made it less likely that the board will turn round and make it easy for him to get control. The existing shareholders generally want an exit strategy and nobody is offering them one and they aren’t going to effectively have their shareholding become worthless. 2. The Directors Most Rangers fans are not impressed by the current Board, but nobody has offered any alternative since the Paul Murray faction got voted down at the AGM. Nobody has set out any level of vision for the future and King suffers from this criticism more than most. He has not set out detailed plans or any level of alternative. King set up his Ibrox 1972 Ltd company, asking for the club to give it security over its biggest assets. Does anyone seriously expect a quoted PLC to give security of its main assets to a third party company that apparently doesn’t have a season ticket holder or Rangers shareholder on its board or as a shareholder? There is no connection between this company and the club. As it stands, there’s no connection between the ownership and control of Ibrox 1972 Ltd and the support either. It’s almost as if King has come up with a vehicle that makes it impossible for the club to grant security, not that they would do it anyway. Perhaps that’s what King is hoping for? Many fans are not buying season tickets, partly due their opposition to the board and partly due to the fare on the park. For the fans who fall into the former category, is them withholding season ticket cash really going to chase out the directors? I really don’t think so. Why should it? Are the really just going to resign and walk away or are they going to carry on running the company in whatever financial situation it Is in? I would argue that it is the latter and they will continue run the club as best they can, with the lower income and therefore lower quality on the park. Many are there to do a job (presumably to the best of their ability) and less season tickets makes it more challenging but it is not a reason for them to resign from their job. Are the shareholders going to insist on a change of board due to lower season tickets? Unlikely, given that the gave the directors a vote of confidence at the AGM even after the club had spent the £22m from the share issue in 9 months. If they still retain the shareholders’ support after that then season ticket holder revolt isn’t going to make much difference. There is also the situation where Sandy Easdale controls the votes of over 26% of the shares and it means that he only needs 24% of other shares to get his way in most matters. The fans who are not renewing their season tickets have my admiration for the sacrifice that they are making and I understand their frustration as they want to do something and not renewing is something. However it doesn’t mean that what they are doing will result in a change or will make any difference to the positions of the directors. Even if the season ticket boycott did force a change in directors, would it change the overall way that the club is being run? Again, very unlikely. So what is the best hope for a change? We can only hope that Dave King has a change in heart and does decide to buy out the existing shareholders because otherwise I just don’t see a way out of this mess as we fans appear to be powerless against shareholders and directors who have no interest in engaging with the support and taking actions to keep them onside.
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Another league where nobody seems to want to win it. Real lost with Barca and Atletico drawing meaning they have all dropped points again for another weekend. Sets up next weekend nicely. Barca v Atletico at the Nou Camp with a winner takes all game although Atletico just need a draw. Would like to see Atletico do the double but rather see them win the CL.
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HE pressure is mounting on the Ibrox board to find new cash streams but it is unlikely to receive support from the club's most influential fans who are being asked to fork out £4200 each. RANGERS have put out a cash call to well-heeled fans – just weeks after fearing they would storm the Blue Room. Renewal forms for the club’s wealthiest 150 season-ticket holders have been sent out in the past 48 hours but the beleaguered board are set to be hit with another snub. Record Sport understands only around 10,000 rank and file fans have renewed their season tickets, in stark contrast to the 31,000 who made the pledge at a similar stage last year. The pressure is mounting on the Ibrox board to find new cash streams but they are unlikely to find much support from their most influential fans who are being asked to fork out £4200 each. Record Sport can reveal details of the bizarre communication between director Norman Crighton and a significant investor after the final home game of the season against Stranraer last month. Crighton accused fans in the members’ lounge of being drunk and rowdy and even feared they would storm the Blue Room at the top of the marble staircase. One insider said: “It’s laughable stuff and the members who know of the communication are smarting. “Most are successful businessmen and some of them don’t drink at all. The suggestion they would storm the Blue Room is preposterous. Come off it, Walter Smith was in the members’ lounge that day. It’s ridiculous.” Many members had already decided to withhold season-ticket money with the future uncertain and Crighton’s comments will not help as the club stands to lose more than £600,000 if the rich Rangers followers turn their backs. One member said: “A significant number of us are already speaking about not renewing and it would break our hearts to do so. “They’re paying out more on wages to non-playing staff than players. How can they get that bill down and still generate enough money to run the club without selling Ibrox? “Until they can answer those questions we won’t be rushing to support their regime.” Rangers, meanwhile, announced yesterday they will keep the ticket office open over the weekend due to what they claim to be high, last minute demand. The deadline for season-ticket renewals was originally yesterday. http://www.dailyrecord.co.uk/sport/football/football-news/battle-rangers-clubs-wealthiest-150-3553825
