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Following on from a point raised earlier today by JohnMc, I thought this question and related discussion deserved a new thread, so here goes.... The initial (and official) announcement from the Club regarding the Sports Direct deal and Rangers Retail JV ('joint venture') is here - Sports Direct Deal Confirmed A slightly more detailed description of the deal can be found in the RFC Prospectus from Dec 2012 which is here - AIM Admission Document The following is from section XIII 12.1.3 on page 108 of the prospectus PDF document: So between the initial announcement and the description of the deal in the IPO prospectus, there seems to be absolutely no mention of a time period for the Rangers Retail joint venture with Sports Direct to elapse or expire. Another very important question for anyone attending next week's AGM perhaps? -
...At Hampden today. Fee yet to be confirmed.
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I never thought he really wanted to sell Newcastle? http://www.telegraph.co.uk/sport/football/teams/rangers/11295462/Mike-Ashley-could-control-Rangers-and-Newcastle-United-within-weeks.html
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Some may have seen the article below, which is about the only real one out there on the topic since the Yahoos defeat in Zagreb: DR Along with this you get the typical IRA-machine gun salute ... ... and pleasing ACAB songs. As we know, it was not their fault. Back in Dundee it was the security running amok, the stewards did the same in Jamboland. The seats at Fir Park were simply not solid enough for a bit of enthusiasm and in Amsterdam it was the outright naughty Dutch Police. We'll see who will be blamed in Croatia. Now, did you get any big fuzz about this - as opposed to us when someone sung TBB in Eindhoven or the like? Have a look at "NewsNow Yahoo" and it is deep silent complete up to today ... NewsNow now NewsNow Page 2 NewsNow Page 3 (starting post game) (... do note that - as time goes on - these news will go back to page 4, 5 and so on) -
John McGlynn has left his manager's position at Scottish Championship club Livingston by mutual consent. The former Raith Rovers and Hearts boss, 52, took charge of the West Lothian outfit in September last year, becoming their fifth manager since Gary Bollan was sacked in February 2012. Player-coach Mark Burchill has been appointed caretaker manager until a new manager is appointed. Livingston are four points adrift at the bottom of the table. They were deducted five points by the Scottish Professional Football League for non-payment of tax in 2010-11 and face the threat of administration as former director Ged Nixon claims the Almondvale side owe him more than £300,000. Livingston statement "The club wish to go on record in stating their appreciation for the work John has carried out under extremely difficult circumstances this season." A club source told BBC Scotland that if Nixon succeeds, Livi may not be able to pay salaries and could enter administration for a third time in a decade. McGlynn issued a statement thanking the fans and all staff at the club, and added: "It is with great regret that we have agreed mutually to part company but I acknowledge that it is a results business and unfortunately no matter how hard I worked, we could not get the results we all desired. "I feel it is now time to let someone else come in with plenty of games remaining in the season to turn the club's fortunes around. "I would like to wish the club every success in the future. I believe they will stay in the league and have a great chance of lifting the Petrofac Cup." A club statement said that McGlynn had left "by mutual consent". It stated: "The club wish to go on record in stating their appreciation for the work John has carried out under extremely difficult circumstances this season. Ultimately though, football is a results-based business. "The directors and myself as chairman wish John every success in his future career." http://www.bbc.co.uk/sport/0/football/30492637 -
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12183967.html Who in the name of hell thought up this idea ? Put in your notice and receive a significant increase in salary ?
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UoF Statement on Retail Deal - 75p in every £10 goes to club "Since the release of the accounts for RIFC PLC, the focus has rightly been on the almost immediate requirement for more cash simply to pay bills and also the board’s wish to raise £8m in equity finance despite recently turning down a valid, fully funded offer for £16m. However, having had the accounts analysed by qualified accountants, we feel it is important to bring Rangers fans' attention to the absolutely disgraceful reality of the retail deal which has been entered into with Mike Ashley’s Sports Direct. We have become accustomed to David Somers', Comical Ali style proclamations about our club. He stated recently that Rangers "make quite a lot of money" from the Sports Direct deal but that is not how the accounts read in our analysis. In fact, despite the loyalty of the Rangers fans seeing £7.6m spent on retail in the year covered by the accounts, the club's share of that spending is a paltry £590k. That means that for every £10 spent by Rangers fans on merchandise, the club receives only around 75p. The accounts also reveal that Rangers Retail has an obligation to purchase stock at a higher price than it is able to be sold at. In the second half of the year covered by the accounts it appears that the portion of profit due to the club is an unbelievable £2k. For comparative purposes, the much maligned JJB agreement, our previous retail deal, made the club a minimum of £4.8m a year over the term of the deal, over 8x the amount we are making from Sports Direct. Crucially, it is also not clear whether the club has yet received a penny of the £590k it is due or whether it is still retained within Rangers Retail. Indeed, from inception it would appear that the club has only received £100k in dividends from the venture with Sports Direct. Mr Ashley has loaned money to strengthen his stranglehold over our commercial operations, whilst funds due to the club through Rangers Retail, over which Sports Direct has effective control, are retained. We have always feared that the deal Charles Green did with Sports Direct was dreadful for Rangers. Mr Somers' ridiculous defence of it, on behalf of this discredited and incompetent board, can be added to the list of reasons why he, the Easdale brothers, Norman Crighton and Derek Llambias are rightly distrusted by the vast majority of our fans. In light of the information revealed in the accounts we urge fans to stop buying merchandise from club stores, which are now under Mr Ashley’s full control or being shut down, and Sports Direct. Your loyalty is being abused and the club is not benefiting from the money you are pouring into Mr Ashley's pockets."
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Being reported that the board and legal team will meet with McCoist and his legal team on Wednesday. Could be out before agm? Billy Davis anyone? From The Mail on Sunday.
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“Give the fans some answers, Alistair” Dear Ally, We’ve known each other a long time. Back at the start of the 1980s, we were on opposing sides in a match between Brighton and Sunderland – and both of us ended up on the scoresheet. We later shared a room on a golf trip to Las Vegas and will forever be linked by our mutual involvement in the events surrounding Rangers’ liquidation in 2012, something I could never have envisaged happening. There have been a lot of questions thrown up since then. I would like, therefore, to make a public appeal to you for answers. Answers to the questions that have left Rangers supporters dazed and confused throughout the events of the last 72 hours. To read on the morning of a crucial Championship match that you had tendered your resignation was unprecedented. To subsequently see you refuse to either confirm or deny those reports was strange in the extreme. I understand sometimes individuals are bound by contractual obligation from communicating as freely as they might wish. In this case though, that simply doesn’t wash. For the support of a huge football club to be left in the dark about something as fundamental as whether or not their manager has resigned is totally unacceptable. So, the first question to be answered is – have you given your notice? And, if not, why didn’t you take the opportunity to shoot down the reports as nonsense? When you are talking about such an important issue, that has to be the course of action. Stability is crucial at any football club. When you are talking about Rangers, a club whose financial problems mean they have to win promotion this season, it is a necessity. Players need to know who their leader is and what, within reason, his plans are for the future. Secondly, if you have a desire to quit, then why not go now, under your own terms? Do as I did two years ago and leave Ibrox without seeking money to do so because you think it is in the best interests of Rangers Football Club. You were rightly given credit for the character and mental strength you showed back in 2012 and for staying on and making yourself a focal point at a time when the club was in complete disarray. You famously said then: “We don’t do walking away”. But what if it becomes the honourable thing to do – and practically the only thing to do? There is no way you or any of the coaches were responsible for blowing a two-goal lead at Alloa with 20 minutes remaining of the Petrofac Cup semi-final. That was down to under-performing players. But you do carry the responsibility for the results. You were given every financial advantage over opposition managers at every stage of this journey up through the divisions. Even with the wage cut you agreed to, you have remained the highest-paid manager in Scotland over this period. While the successive titles cannot be taken away from you, the failures of the current campaign threaten to sabotage so much of the progress made. Leaving now would allow a new man to come in and see if he can do better. You know we are not talking about any untried foreign coaches, but about men such as Stuart McCall and Terry Butcher. Former Rangers team-mates of yours, who you know have the best interests of the club at heart and who boast solid managerial credentials. As things stand, the club is not going to win the Championship title. Not with Hearts nine points clear and holding a game in hand. Many, in fact, would argue Rangers will do well to match the Edinburgh outfit’s points haul between now and the end of the season. Yet I believe that the extra impetus caused by a change at the top could make a huge difference. There is an almost chemical reaction that occurs when a new manager takes over a dressing-room. You’ll have seen that for yourself during your playing career, like when Jock Wallace replaced John Greig and when Graeme Souness took over from Big Jock. A galvanised squad would certainly have the ability to string together the kind of long winning-run which is now required to catch Hearts. This brings me to the last of my central questions to you – why is this Rangers team so bad? Men like Kris Boyd, Ian Black, Nicky Law, Jon Daly, Dean Shiels and David Templeton have all individually impressed in the Premier League. I could see why you signed them. Their collective floundering in the lower divisions surely must make you doubt what you yourself have been doing on the training ground at Murray Park? People might argue results are what matter. But the football your teams have produced has been uninspiring to watch – and that has been in games that you have won. It’s little wonder fans are staying away in their droves. You will know that a certain style is demanded by the Rangers supporters, who have been reared on the genius of Davie Cooper, Brian Laudrup and Paul Gascoigne. While everyone accepts the days of multi-million pound transfers are gone from Scottish football, it is not unreasonable for fans, who pay through the nose week-in, week-out, to be offered a decent standard of football. And it is not unreasonable to suggest that more kids should have been brought through from Murray Park to the first team over the past three years. When there is more drama to be found off the pitch than on it, then something has gone seriously wrong. That was added to when the news broke that you had tendered your resignation. You should follow that through by going this week, for the club’s sake – and yours. Yours, Gordon. http://www.sundaypost.com/sport/columnists/gordon-smith/gordon-smith-sends-open-letter-to-mccoist-1.736263
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http://www.telegraph.co.uk/sport/football/teams/rangers/11292997/Mike-Ashleys-Rangers-regime-admit-it-is-very-difficult-to-win-over-fans.html ' Mike Ashley’s right-hand man at Ibrox has admitted that overcoming the Rangers support’s lack of trust in the board will be “very difficult”. Derek Llambias, formerly managing director at Newcastle United, has imposed an austerity regime at Ibrox which has seen long-standing staff axed, a factor understood to have contributed to Ally McCoist's decision to work his 12-month notice period as manager unless the directors find the cash to pay off him along with his backroom staff. Unhappiness with team performances has grown – Rangers are nine points behind Hearts in the Scottish Championship promotion race and lost 2-0 to Queen of the South on Friday – but the greatest source of disenchantment is with the directors. The decision by the Rangers plc board to favour a £3million loan from Ashley over a £16million takeover bid from former director Dave King has alienated many fans from the owner of the Sports Direct chain, which markets the club’s merchandise. Rangers’ most recent accounts confirmed Telegraph Sport’s disclosure that Rangers had lost more than £8million in the last financial year. At the annual general meeting on Dec 22 the board will ask for approval for an £8million share issue but, more immediately, cash flow is threatened by plunging gates, with the club admitting to a 19,000 attendance for the visit of Cowdenbeath last weekend, although insiders say that the crowd was actually not much above 15,000. “We need to re-establish credibility with the fans, which is going to be very difficult,” Llambias told the most recent meeting of the club’s Fans Board. “What is obvious is that we need cash to stay in the club and not go elsewhere. We are cutting back as much as we can and put it onto the park “We’ve cut as much as we can. Our strategy is that we’re not affecting the playing area. We’ll be looking to review pricing of match day and season tickets to ensure we’re as competitive as we can be. Pricing and value are two key areas that we’re focusing on.” Llambias also revealed that Rangers had made several attempts to secure a deal with Charlie Telfer, the 19-year-old midfielder whose move to Dundee United cost the Tannadice club £204,000 development compensation. “He went for less money because he wanted first-team football,” said Llambias. “Four different offers were made throughout Charlie’s contract term, all of which were refused.” Sandy Easdale, chairman of Rangers football board – who is another target for disaffected fans – revealed that live match fees could not make up for the slump in attendances. “Match attendances are down UK-wide right now,” he said. “We’d rather fill the stadium than broadcast live as we don’t make as much money. Rangers TV costs us money – a lot of money as it stands right now. The club is subsidising this. This is not as big an issue when we’re back in the Premier League.” Telegraph Sport revealed that the board had been wrong-footed by McCoist’s decision to hand in his notice. At the meeting with the Fans Board, which preceded the manager’s shock announcement, Easdale said: “As far as we’re concerned the management team will remain in place. We had a good meeting with the manager today and we will continue to have ongoing dialogue with the management.” The Fans Board was told by Easdale that Rangers have a financial dividend coming at the end of December from Sports Direct but that the club shops in Belfast and Glasgow Airport had lost £600,000 between them. He added that Rangers get £10 per shirt sold by Puma and have leveraged Sports Direct to get a better deal. Easdale assured the Fans Board that they would be the club’s means of communication with supporters “as exclusively as possible”, a policy that sets the board on a collision course with dissident groups such as the Rangers Supporters Trust who, along with the Union of Fans, are intent on securing five per cent of the club’s shares, so that they can requisition extraordinary general meetings. Meanwhile, McCoist is due to meet Llambias and Easdale on Wednesday to discuss his future at the club, with the bookies already quoting odds on Terry Butcher and Stuart McCall as possible successors. However, the problem remains that Rangers do not have the £15million required to pay off the manager and his backroom staff'. Yikes, Ally's on more than we thought !
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Keith Jackson on Twitter "Rangers new Nomad i understand will be WH Ireland." PLC website http://wh-ireland.co.uk/wh-ireland ---------------------------------------------------------------------- Green and Whyte Leach Ireland Someone somewhere is taking the p**h If you don't laugh, you'd cry......
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According to Sky Sports News...... -
Dear Ally You are a disgrace, an utter embarrassment. You are the highest paid manager in Scottish football and easily the worst. Once you were a legend but now you just disgust me. I long for you leaving us more and more as each depressing day goes on. You said you will not walk away, perhaps that was because of your obscene wages and the penny shares that have seen you makes millions as we trudge through mud in our destitute state. I find it hard to distinguish between you and all the rest of them, particularly given the fact that you alone are to blame for the horrific football we have put up with for years and the string of embarrassing failures. I never wanted you as manager because I wanted us to take a progressive, modern approach to football and then you failed in four matches against Malmo and Maribor. It was clear from then that you didn't belong in football management. I find you an embarrassing character riddled with delusion that doesn't have the merest notion of reality. If you had on honorable bone in your body you would resign without the pay off. You have got off with daylight robbery here. 12 points behind - surely even you have the decency to disappear. I hope the next time you attend Ibrox you pay at the gate and never get on our payroll again. Regards Ser Barristan Selmy
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The Blue shirt is here! From the same team that brought your the Red and Black shirt and the Fernando shirt. Due to popular demand we have taken the decision to produce a shirt in blue in time for Christmas. The shirt is produced on a Nike base with the Lion proudly emblazoned on the breast. We have 500 in stock and ready to roll in time for Christmas. Each buying option online is linked to a stock control system which means we can’t oversell a size. You can buy safe in the knowledge that every penny of profit will go to buying a shares stake for fans in the club. For overseas purchasers - click on the button where it says UK £32.74 and a drop-down menu will appear with the various delivery zone options. The shirts are available from http://www.TheLionBrand.co.uk
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I'm reading on FF that Norman Crighton has left.
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Reading McMurdos Blog today, even he knows Ashley will not invest. ''Rangers are sick at heart. The answer is a strong leader but there is no-one on the horizon who fills that role. Everyone involved is hanging on to their own sphere of power and influence at the club. There is no Willie Waddell, no Bill Struth or Jock Wallace to rally the Ibrox battallions and have them face the same way instead of train their guns at each other. Yes, there is Mike Ashley. I am confident that he will step forward and provide both leadership and funding to steer Rangers away from the rocks and back to ruling the seas. But in all honesty I have to say that the margins are so fine at this very critical juncture that he might do so just too late to prevent a shipwreck. And let there be no doubt – what’s left of Scottish football will drown in the wake." https://billmcmurdo.wordpress.com
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http://www.therangersstandard.co.uk/index.php/articles/current-affairs/332-rangers-2014-accounts-analysed An informed and dispassionate analysis of the accounts from Arnold Black.
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The emergence of Mike Ashley as the key shareholder in Rangers has raised many questions on what his exact intentions are. Some are of the opinion that billionaire Ashley will invest millions into Rangers which sees us dominate Scottish Football and participate in the Champions League. The conflicting aspect of Ashley investing in Rangers is the fact he has complete control of the income generated by the sale of club merchandise and the £1 stadium naming rights, although denied in certain quarters as scaremongering, was only just revoked after pressure to comply with possible fiduciary duties. Why invest millions when he’s taking money out of the business?........... http://www.therst.co.uk/mike-ashley-what-are-his-intentions/
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http://www.gersnet.co.uk/index.php/latest-news/299-an-open-letter-to-ally-mccoist Also available in the print edition of the Scottish Daily Mail (5/12/2014)
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Can't afford to sack him and can't afford to keep him. Mcoists performance as manager has dragged us down every bit as much as the boardroom has over the last 3 seasons and if the current vein of form continues then things will come to a head very quickly. Attendances can only plummet from here on in. No doubt the board will have a fantastic new vision for the club at the minute followed by plans for a new share issue, if the fans aren't coming through the turn styles then the board might find this very difficult to achieve. Don't think Ashley could even bale us out either. How can you take a loan that you can't pay back? I can't see any way out other than admin. We're back to where we started when Craig Whyte showed up, only this time the fans aren't buying into it. The McCoist predicament is about to force everyone's hand and the board don't have any answers. That's why they are so silent, they don't know what to do?
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http://www.gersnet.co.uk/index.php/latest-news/296-competition-win-an-official-2015-rangers-calendar It's competition again at Gersnet and we have another chance for our subscribers to win an excellent prize! This time you can win one of three superb official Rangers calendars for 2015. Made from Danilo - Europe's Number One publisher of licenced merchandise - these quality calendars are always the idea Christmas present for your loved one ahead of the New Year. The new 12 month calendar with incredible images of your favourite players including captain Lee McCulloch, Cammy Bell, Lewis Macleod and Darren McGregor. There is plenty of space to note all those important dates and Rangers football fixtures. The Gers will be again be aiming to win the Scottish Championship to get them eventually back to the Premiership where they belong and are missed. To be in with a chance of winning one of the three prizes, please email us with the name of the current Rangers captain by midnight on Friday 28th November. Please note the site administrator's decision is final. For more information on Danilo and to engage with them on social media please use the following links: Danilo website, Danilo on Facebook and Danilo on Twitter!
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Alloa were missing 9 senior players due to illness and injuries, some of their players were late in turning up due to work and traffic. Leading by two goals (despite how poorly we had played) with 25 minutes left and we go on to lose the game to a bunch of part timers. Add the fact that Macleod pulled out of the warm up but McCoist elected to play him just rubs salt into the wound (McCoist should be made to explain this decision).... all in all it all adds up to the most humiliating game in our history IMO. I'd love to wrap up the post by offering a soundbite that "at least it can't get any worse" but I'd be fibbing.
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Ok, so it's silly season again! Post the latest transfer rumours in here please! OUT: Emilson Cribari - Out of contract. Andy Little - Out of contract. Signed for English League One side Preston North End. Chris Hegarty - Contract terminated by mutual consent - signed immediately for Linfield. Charlie Telfer - Contract extension rejected - signed immediately for Dundee Utd. Ross Perry - Contract terminated by mutual consent. Scott Gallacher - Contract terminated by mutual consent - signed for Hearts. IN: Kenny Miller - signed 1 year deal (with optional 1 year extension) on 4 June 2014. Darren McGregor - signed 1 year deal (with optional 1 year extension) on 11 June 2014. Kris Boyd - signed 1 year deal on 27 June 2014. Marius Zaliukas - signed 2 year deal on 11 July 2014 Lee Robinson - signed 1 year deal on 25 August 2014
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all done with the test............
