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After 3pm apparently for those on Sky Go or in the house! He's going to be explaining the Ashley loans... Comments: - David Somers claims Dave King consortium investment offer was breaching regulatory requirements so rejected them at 'Stage One'. - Somers claims 8 people were in King consortium but SA businessman refused to provide names and proof of funds. - Somers said that King was prepared to offer up 3 names before giving the rest if agreement made in principle. - Stage Two represented comparing Ashley and Kennedy bids whereby former was approved due to better deal on interest and security - Somers also claims Rangers make a lot of money from existing retail deal with Mike Ashley.
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A super legend as a player but why is he allowed to still be manager....1 or 2 results could be swept under the carpet but the following shows he isn't the man. Peterhead 2-2 Rangers Berwick 1-1 Rangers Annan 0-0 Rangers Stirling 1-0 Rangers Rangers 1-1 Elgin Rangers 1-1 Montrose Stirling 1-1 Rangers Rangers 1-2 Annan Rangers 0-0 Stirling Montrose 0-0 Rangers Rangers 1-2 Peterhead Rangers 1-1 Stranraer Rangers 3-3 Stenhousemuir Raith 1-0 Rangers (cup final) Forfar 2-1 Rangers Rangers 1-1 Albion Rangers 1-3 Dundee Utd Brora Rangers 1-1 Rangers Ventura Fusion County (no laughing at the back please) 3-1 Rangers Rangers 1-2 Hearts Alloa 1-1 Rangers Rangers 1-3 Hibs Rangers 1-1 Alloa
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I speculated that this was worth a thread on its own. Apologies if not, admin....merge it with Whyte Arrest warrant. However, it is a different revelation (though it may be connected, of course): "In a further development, The Daily Telegraph understands that while Wallace and Nash were still in their posts, documents related to the 2012 share issue were passed to the Serious Fraud Office for investigation. The SFO had no comment to make." It is tagged on here; http://www.telegraph.co.uk/sport/football/teams/rangers/11231964/Former-Rangers-owner-Craig-Whyte-issued-with-arrest-warrant-as-four-others-are-detained-by-police.html
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Teams: Marshall, Whittaker, R.Martin, Hanley, Robertson, Mulgrew, Brown, Maloney, Naismith, Anya, S.Fletcher Forde, Coleman, O'Shea, Keogh, Ward, McGeady, Hendrick, Gibson, McClean, Long, Walters
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The reality of my Club recently crawling to Mike Ashley to ask for our latest emergency loan once again left me shaking my head in disbelief as yet another sad chapter in our history is scribbled on the back of an IOU note....... http://www.therst.co.uk/what-has-become-of-rangers/ Not much to disagree with
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http://www.dailyrecord.co.uk/sport/football/charlies-sake-hope-rangers-cash-4610915#rlabs=1 JACKIE McNAMARA is desperate for Dundee United’s cash row with Rangers over Charlie Telfer to end. The clubs are locked in a stalemate over the Scotland youth star’s summer switch from Murray Park to Tannadice. Telfer has made four appearances for United – scoring in the 3-0 win over St Mirren earlier this month – while he made his one and only top-team appearance for Rangers as a sub in April. Under SPFL rules clubs can receive compensation for developing and training players under 23 who move as free agents. Rangers argue they are entitled to six years’ cash for the player between the age of 12 to 18. United, meanwhile, believe the Championship side should only receive money to cover two years since liquidation in 2012. Tannadice chairman Stephen Thompson was even claimed to have said “you’ve only got two years of history”. With both clubs unable to decide on a fee for the player the dispute will now be heard by an independent panel. And McNamara said: “For everybody it would be good if it was sorted, especially for young Charlie. He came in last week against St Mirren and he was excellent. “He was a bit unfortunate not to start the game at Motherwell on Friday but for all of us it would be good if we can get that resolved so we can move on. “There are all sorts of things come in to it, I’m not an expert on that. That will be up for the people in charge of the tribunal to decide.”
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Sammy Reid who scored THAT goal for Berwick in 1967 passed away on Sunday,age 75.
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Wearing an IRA pin badge whilst in Wigan FC tracksuit.
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I don't use twitter but facebook in particular is hard going. It's not just the fact that the views are so ignorant and misguided (eg one of the main pages has everyone discussing who will be signed with Ashley's 10m ), but the level of intelligence seems very low. People write in illegible English and generally do not represent our support well. Does this say something about our support or is it the platform? There's not a single person here who is incapable of conversing in legible English but on our fan facebook pages you are hard pushed to find anyone making well constructed arguments.
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Despite previous cancellations due to international call-ups, the Alloa chairman Mike Mulraney has confirmed to me on social media that RFC have said next week's match at Ibrox will go ahead as scheduled.
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Ally McCoist will be given a £10 million January transfer budget, courtesy of controversial Mike Ashley. Ashley has all but confirmed he will front the funds, with an Ibrox source telling us the board have been told to "use the funds effectively to push the team through to a cup final and back to the Premier League." The source said the decision was highly influenced by Ashley's close friend & Ibrox adviser Derek Llambias, who believes committing these funds to the club will not only strengthen the team, but strengthen Ashley's position with Rangers supporters.
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FRUSTRATED Rangers supporters and shareholders will have to wait another month before the make-or-break Ibrox AGM. Club bosses have revealed the shareholder summit is expected to be held next month, but remained tight-lipped about an exact date. Supporters have voiced their disgust over the board's rejection of a £16million investment offer in favour of a £2m emergency loan from Sports Direct tycoon Mike Ashley. Rangers directors are expected to face a grilling from shareholders and fans at the stormy AGM. Sons of Struth chief Craig Houston said: "We've come to expect it - history tells us the AGM will be continue to be put off. I actually wouldn't be surprised if it was left until the last possible moment. "A lot of people say they would like to see a Rangers fan on the board, but I wouldn't. I want to see a board full of Rangers fans." The comments come after Rangers announced the appointment of Derek Llambias as a non-executive director, as reported in later editions of yesterday's Evening Times. The 57-year-old former Newcastle United managing director arrived in Glasgow last week after the Ibrox board accepted Ashley's £2m loan. Llambias, who was Ashley's right hand man at Newcastle United, has since been acting as a consultant to the Rangers board. It is the latest move by Newcastle United owner Mike Ashley to increase his influence in the running of the Ibrox club. An announcement about his new appointment was made to the London Stock Exchange yesterday morning. It read: "The board of Rangers announces that it has appointed Derek Llambias as a non-executive director. "Mr Llambias will be subject to re-election by ordinary resolution of the shareholders of the company at the upcoming Annual General Meeting which is expected to be held in December." Sports Direct tycoon Ashley owns 8.92% of Rangers, but he has signed an agreement with the SFA that limits him to having no more than a 10% stake, while he is in command at St James' Park. Sandy Easdale recently increased his stake in RIFC plc 5.21% and has control over another 20.94% of secret proxy shares. Fangs groups recently urged Easdale to come clean over fears about the delayed AGM. Union of Fans spokesman Chris Graham said: "We are concerned at newspaper reports that the annual accounts and therefore the AGM may be delayed. "We would ask the PLC board to clarify if this is the case and to explain why, after what they described as a successful fundraising, there would be any reason to delay accounts publication." Calls for the AGM come after a months of turmoil at Ibrox. Phillip Nash - a former Arsenal and Liverpool executive - quit, and chief executive Graham Wallace followed in leaving the club. Rangers have a regulatory requirement to hold the AGM by December 31. http://www.eveningtimes.co.uk/news/fans-facing-wait-before-make-or-break-meeting-187092n.25758971
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CAMPBELL Ogilvie has reiterated the determination of the Scottish Football Association to seek clear answers from Mike Ashley, as the Sports Direct owner continues to increase his influence in the running of Rangers. Ogilvie, president of the SFA, said yesterday the association had written to Ashley – also owner of Newcastle United –looking for ‘clarification’ of his position, but said a reply had not yet been forthcoming. The tycoon owns 8.92 per cent of Rangers, runs the retail division and holds naming rights for Ibrox after buying them for £1 from former chief executive Charles Green. He also gave Rangers a £2 million loan last week. Hours before Ogilvie’s comments, it was announced to the Stock Exchange that former Newcastle managing director Derek Llambias was appointed to the Rangers board as a non-executive director, further strengthening Ashley’s position. Ashley has signed an agreement with the SFA that limits him to having no more than a 10 per cent stake in Rangers while he is in command at St James’ Park. The agreement is designed to limit his control over Rangers but it remains unclear if by appointing Llambias or Barry Leach – another of his close associates hired on a consultancy basis – would fall foul of that deal. Ogilvie said the SFA would continue to press Ashley for answers, and a possible meeting to discuss his intentions. “We’ve written to the club itself and to Mike Ashley looking for clarification,” said Ogilvie, a former general secretary anddirector at Rangers. “We’re waiting for replies to that and we’ll take it from there. We need more information at this stage. There could be a meeting. We wrote to them at the end of last week, we’re waiting for a reply. “That could lead to a meeting between the SFA and the club – and, indeed, Mike Ashley and his advisors. That would be the next step. Then we’ll take it from there. But we really need more information. “Fundamentally, the undertaking was not to go above the 10 per cent shareholding – and not to have influence in the running of the club. Fundamentally, that was it. “On the back of the movement last week, we’ve written asking for more information. Until we get that information, we can’t comment further.” Rangers chairman David Somers announced last week that Llambias had been brought in as a consultant but now the club has confirmed he has taken on official duties. The club’s statement said: “The board of Rangers announces that it has appointed Derek Llambias as a non-executive director. In accordance with Rangers’ Articles of Association, Mr Llambias will be subject to re-election by ordinary resolution of the shareholders of the company at the upcoming Annual General Meeting which is expected to be held in December.” Somers previously held non-executive responsibilities as chairman but took over day-to-day running of the club last week as he set about finding replacements for chief executive Graham Wallace and Philip Nash, the former finance director, who were both forced out after failing to stop the club accepting the £2m loan from Ashley. http://www.scotsman.com/sport/football/spfl-lower-divisions/sfa-seek-answers-as-llambias-joins-rangers-board-1-3591968
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I see he has resigned.
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Noticed this on FF, T4C also had a post on it last week I'm sure, QUESTIONS have been raised over Rangers' commercial deals as it emerged that Sports Direct, headed up by billionaire Mike Ashley, have had effective control of the club's retail operation for nearly two years. According to official documents, while Rangers Football Club Ltd have 51% of the joint venture and Sports Direct 49%, Ashley and Sports Direct have the upper hand. The Sunday Herald can reveal that the company rules for Rangers Retail Limited were changed in November 2012, three months after the joint venture was established. Rangers Retail's amended Articles of Association showed Sports Direct receive two votes for every share on "financial matters", ensuring Mr Ashley's company has effective control. When Rangers' joint venture with Sports Direct was confirmed by the club under then chief executive Charles Green in August 2012, it was promoted as enabling Rangers "to once again control its retail operation and give supporters the chance to buy direct from the club and in doing so, continue to invest in its future". At the time, there were no details of any money changing hands to seal the deal and details of how the club benefit have been sketchy. Rangers Retail run the club's entire retail operation, including the Rangers Megastore, and hold the rights under licence to the club's famous crests. Details of the terms of the joint venture between Sports Direct and The Rangers Football Club Ltd, the club's operating company headed by controversial chairman Sandy Easdale, came as supporters registered their disquiet over the acceptance of a £2 million emergency loan from Ashley amid unsubstantiated claims the business was days from insolvency. As working capital was running out, as of June, £2.72m relating to Rangers Retail was included in the £4.26m cash balances of parent company Rangers International Football Club plc. But, according to their accounts, this sum was "not immediately available as working capital to the group". Ashley has already bought the stadium naming rights, so far unused, for £1 in 2012. It is understood he has a deal for the operation of the club's shops and that he controls a portion of Rangers' revenue through that contract, which sees club merchandise sold in Sports Direct stores. According to Sports Direct's latest accounts, it has registered sales of £3.843m to Ashley-controlled Rangers Retail in the year to April 2014. Craig Houston, of the Sons of Struth supporters' group, said Ashley appeared to have control of every part of the money-making side of the club and has made it "unsellable". He said: "All a buyer seems to have is ticket sales and TV rights." The terms of Ashley's £2m emergency loan also gave him security over the Albion car park and Edmiston House facility next to Ibrox. Under the previous 10-year retail agreement with JJB struck by Sir David Murray in 2006, Rangers accepted an initial £18m from the sports firm, while it was also guaranteed a minimum royalty fee of £3m per year until 2016. As a result, JJB held exclusive rights to design, develop, source and retail merchandise associated with the club. http://www.heraldscotland.com/sport/football/ashley-firm-had-financial-control-of-rangers-retail-2-years-ago.25756326
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all done with the test............
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woooooooooooooo
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http://www.gersnet.co.uk/index.php/latest-news/289-is-donald-findlay-right-discussing-our-rangers-addiction Waking up to another Rangers controversy is nothing new. It doesn’t matter if it’s a Monday, a Thursday or a match-day, there’s always another Rangers related story to keep this ongoing farce alive. From the boardroom to the dressing room; from the small grounds in Scotland to the businessmen of Singapore; the bizarre nature of what has happened to one of Scotland’s proudest institutions continues to make waves wherever and whenever you care to cast a sideways glance. It’s impossible to hide from. Now, I’ve not read all of what Donald Findlay has said to journalist Stephen McGowan in today’s Daily Mail. The ‘debate’ surrounding about whether or not Rangers are a new club isn’t something which particularly attracts me. For me, the opinion of the law lords and football authorities is enough – Rangers is the same club with their history and successes intact from one company vehicle to the next. In many ways though, does it really matter what they or Donald Findlay think? I still follow follow Rangers with the same excitement and love I’ve always done. I always will. Many hundreds of thousands agree. However, and here’s the rub, some do feel differently and I can empathise with that. Why? Well, there can be various reasons. For one, the club’s reputation has taken a huge hit – doesn’t matter how fraudulent Craig Whyte and his associates' actions are proven to be, our club almost died. It doesn’t matter with how much disdain the Scottish football authorities, fellow clubs and fans and the Scottish media approached this fall from grace; we had to start again in Division Three. In that sense, of course the club’s reputation has changed forever. No Rangers fan alive has had to experience such a dramatic change in fortunes so it’s inevitable our mind-set has as well. Moreover, since administration, the situation has hardly improved. The Rangers brand (and tradition as well perhaps) is no longer associated with success and pride and honesty and hard work. Instead, embarrassment, dishonesty, manipulation, excess and fraud are now bywords for our club. Yes the team on the park may still be the team we love but unlike our fathers and their fathers before them, we’ll now forever have to associate on-field displays with the performance of the boardroom. Some may find it easy to refrain from such, but many others cannot. Not as long as the money we pay into the club can be withheld by companies with a somewhat different relationship. That particular landscape has changed forever; it’s undeniable. Moving on, and even within our fan-base things have altered for the worse. Small minorities they may be but the division amongst some fans is bordering on the obscene at times. Bear antagonising bear is not only counter-productive but downright bizarre. Disagreement can and should be healthy but some supporters have taken that to all new levels. In the modern era of online debate that may well be inevitable but it’s a change from previous times and it’s not a good one. These aren’t arguments in private RSC cubby-holes but very public fall outs which can be seen by all. They help no-one. Considering all the above, it’s perhaps more surprising to suggest anyone doesn’t approach supporting the club differently. To be clear, it’s not that our love has decreased or that our history and success has somehow been removed (such arguments are ludicrous) but that what has happened in recent years has changed us all forever. Indeed, it has to – we have to learn from our mistakes and ensure it doesn’t happen again. That’s not to say we can do so easily – we can’t – but if we try to hide from it then we’re no worse than an addict glossing over their dependence. To sum up, while I fundamentally and strongly disagree with Findlay in terms of Rangers still being the same Rangers, he is right to an extent. Of course the club is the same one we've all supported but there are elements of recent events which will have affected us all in different ways. Perhaps it's the divided fans taking each other for granted, perhaps it's the club's total disdain for our opinion, perhaps it's the media apportioning blame to the wrong people, perhaps it's the manager refusing to learn from his mistakes, perhaps it's the constant stress amidst the whole farce but no matter the issue, it has become very difficult to support Rangers nowadays. It should be fun, it should be a release from the everyday hum-drum but it's not - in fact I'd say supporting Rangers is just another daily stress and only our fans will understand just how bad it's been. For some, even someone like Donald Findlay, the challenge may be too much but shirking from his opinion won't help. To that end, if anyone has found the last few years hard then we should be working together to talk through our worries - not hide from or belittle them. Supporting Rangers isn't something you can turn on or off. It's an addiction which infects the soul. Thus, I'd say anyone who hasn't had their heart broken and their faith challenged is in the minority. However, broken hearts can be repaired and reputations restored. My name is Frankie and I'm an addict.
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Seven members of the Green Brigade group of Celtic fans are to stand trial next month charged with singing a pro-IRA song. They are alleged to have behaved in a way that "is likely or would be likely to incite public disorder" by singing the Roll of Honour at Celtic Park. Paul Duke (38), Ross Gallagher (30), Christopher Bateman (29) David Gallacher (23), Sean Cowden (22), Kieran Duffy (19) and Greg Robertson (29) are charged with the offence. Duke and Gallagher, both of East Kilbride, Bateman, of Irvine, Gallacher, of Glasgow, Cowden, of Rutherglen and Duffy, of Coatbridge, are accused of singing the song at the Champions League qualifier match at a Celtic against Elfsborg match on July 31, 2013. Gallagher, Bateman and Robertson, also of Glasgow, are accused of singing the song at a league match against Ross County on August 3 last year. Robertson faces the same allegation along with Gallacher in connection with match against Inverness Caledonian Thistle on August 24 last year. The case against all seven - who plead not guilty - today called for a hearing at Glasgow Sheriff Court. They were ordered to return for trial, which is set to start next month. http://www.eveningtimes.co.uk/news/u/seven-green-brigade-members-face-trial-over-pro-ira-song.1414595076 -
I thought this was quite well written from Chris Jack regarding last night's crowd. http://www.eveningtimes.co.uk/rangers/rangerscomment/empty-seats-tell-story-of-rangers-fatal-rift-186382n.25722001
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Some words on recent events from yours truly via TRS: http://www.therangersstandard.co.uk/index.php/articles/current-affairs/330-the-fog-on-the-clyde
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FLICK over photographs of Ally McCoist and you see how much the “journey” – an awful, overused term these days but in this case it seems apt – has taken out of him. A recurring recent image has the Rangers manager grim-faced, on the training-pitch, on his phone being told something to his disadvantage, no doubt – often in the middle of a spot of rotten Glasgow weather. Contrast the drookit, downcast boss, the rain plastering what’s left of his hair to his head, with the pictures which will pop up out of sequence of Super Ally the player. In these he’s all bouncy and bouffant, teeth glinting and usually a trophy of some sort glinting too. Maybe it was coming down in stair-rods on those days as well, but with the bold McCoist’s smile so dominant you don’t notice. Yesterday, the forecast for him wasn’t good. There were fears he’d be sacked as part of Mike Ashley’s intervention at Ibrox. But after a couple of phone calls – better ones this time – he was sufficiently reassured to put on a brave face and meet journalists, some of whom already had his obituary halfway written. The press conference was to preview Rangers’ League Cup quarter-final against St Johnstone – an all-too-neat scenario for those of a necessarily vulture-ish tendency. McCoist’s football biog began with Saints; was it to finish on the eve of tonight’s tie against them? No, not quite. His job is safe – for now. Whatever you think of McCoist’s reign at Rangers – and there are plenty who don’t think very much of it – the lead-up to those phone calls must have been stressful. Even that will bring some scoffing. How stressful can it be, his detractors will claim, to know that when the axe falls he’ll be generously compensated? McCoist knows that the man in the street knows what he was earning before his wage for attempting to get his beloved Rangers back into the big time was virtually cut in half. Even the man in the street’s faithful mutt knows it was £760,000, and the mutt is pretty sure that the compensation will be based on that hefty figure. You could make a very good case for this kind of transparency, given the financial implosion Rangers suffered three years ago with the situation just as desperate now. You could also argue that such scrutiny, at any time for an Ibrox manager, comes with the territory, and McCoist is not a bewildered incomer like Paul Le Guen was. They are, after all, his beloved Rangers. And he’s no fool. He’ll be aware the reprieve may be only temporary. But yesterday he didn’t request even a slight let-up in the negative comment concerning his position so that he be allowed to resume preparations for the cup-tie. You might say that’s Super Ally the super-realist. But, if you were feeling just a little bit charitable, you might give him some credit for that. Right back at the beginning of the crisis, which seems longer than three years ago now, there were many who declared that, despite his lack of managerial experience, he was a good man for the job. He understood the club, they said, and would do the right things, with love and that boundless enthusiasm. He said the right things in those early days. In 2012, on the 17th anniversary of Davie Cooper’s death, he confided there wasn’t a day that went by when he didn’t think of “Coops”, and how for the flying wingman, for Jock Wallace, Willie Waddell and the rest, the club simply had to get through “this low period” in its history. That was before the plummet down the divisions, a new low. Then in 2013, with the first title won, he spoke about how trips to Elgin, Annan and Peterhead had changed his attitude to small clubs. They were all running their affairs far better than Rangers and he appreciated them more. For those who’ve always accused the Old Firm of not caring about the rest of Scottish football, of hardly knowing where it was based, this seemed like quite a moment. In the first six months of mostly tumult, McCoist reckoned, he’d been through experiences that no other manager in the world could match. He hoped to learn from them. This is the key area for his critics. They will claim that he hasn’t, not sufficiently, and that as Rangers have rumbled through the leagues, he hasn’t developed as a manager in the way they’d have expected. He’s been let down by his players, some of them among the best performers in the top flight before their big-money moves to Ibrox. Even then his accusers will insist it was the manager’s job to keep them motivated when playing in funny, faraway places. There has been criticism of the squad’s fitness levels. And disillusionment that a simple change in Hibernian’s formation – a switch to three at the back – could befuddle the team to the extent they slumped to a second home defeat in the Championship. Then there have been the cups. Rangers have been vanquished by Falkirk, Forfar, Queen of the South and Raith Rovers, the latter in a final. Rangers were supposed to be the danger team in the cups for the top flight, offering up reminders of their old power. That’s simply not happened under McCoist. But, just when he maybe didn’t expect it, another chance presents itself tonight. The old cheesy smile may not be capable of driving away the storm clouds over Ibrox and you’d have to ask: what possibly can? Ally will take a win, though. http://www.scotsman.com/news/aidan-smith-ally-mccoist-waits-on-gods-smiling-1-3585663
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...has kept him away from Ibrox. Former manager, who will make rare appearance in stands for League Cup quarter-final against St Johnstone, says he is "better not going" because of club's problems. By Ewing Grahame 10:00PM GMT 27 Oct 2014 Comments8 Comments Walter Smith will make a rare appearance at Ibrox on Tuesday night for Rangers’ League Cup quarter-final against St Johnstone. Smith, 66, led Rangers to nine championship successes and also won the Scottish Cup five times and the League Cup on six occasions during his two spells as manager. Yet he reveals that the internecine warfare – which has been waged with increasing frequency and hostility in the boardroom since the consortium fronted by Charles Green seized control after the old club’s descent into liquidation in 2012 – has persuaded him to limit his attendance at matches following his resignation as chairman in August last year. The increasing influence wielded by Mike Ashley, the Newcastle United owner, and the departures (which Ashley had called for) of chief executive Graham Wallace and director Philip Nash may yet bring stability to the club but, until the fighting stops, Smith’s visits will be collectors’ items. “Before I left the board at Rangers I was going to few of the games,” he said. “I’ve been to one or two but I haven’t been to an awful lot since I left. “I watch the TV coverage and read a lot about it but I don’t go along to many matches. At first I didn’t go because I didn’t want people thinking I was ... not interfering, but going to watch Alastair and the boys I’d left there. That was the main reason for not going back. “When Charles Green asked me to go on the board I went back and going to games was another aspect of it. “Since I left the board, the reason I don’t go back is because is everybody keeps saying to me: ‘You are supporting that side, your are supporting this side or the other side’. “I think I’m better not bothering going. I miss going to the games. I’ll go to the occasional one and I’ll go on Tuesday night to see how they do against St Johnstone.” Smith was at the national stadium on Sunday to see Davie Wilson, a childhood idol, inducted into the Scottish Football Hall of Fame. “Wee Davie worked beside my old man when he was a boy, strangely enough,” he said. “I went to Ibrox and watched him play in that fantastic team of the late 1950s and early 60s. It was an enjoyable period to go and watch them. “He was one of the main ones and the number of goals he scored for a winger was incredible. Nowadays we don’t have wingers of that type. “Davie and Jimmy Millar also came to play at Dundee United when I was there and he was a fantastic professional. They could have tailed off at the end of their careers but they had a great attitude and it was good for a young player like myself to see that, “It was a big thrill – I’d never have imagined I’d have played alongside him. He was terrific, down to earth. Davie was also assistant manager at Dumbarton when I went there for a year.” http://www.telegraph.co.uk/sport/football/teams/rangers/11190909/Walter-Smith-reveals-how-long-running-internal-warfare-at-Rangers-has-kept-him-away-from-Ibrox.html
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...as beleaguered board accept Mike Ashley's £2m crisis loan. WALLACE - who is expected to be replaced by Ashley's right-hand man Derek Llambias - was fired moments after the board accepted a £2million bailout from the Newcastle United owner. RANGERS chief executive Graham Wallace has been fired as part of Mike Ashley’s Ibrox power grab. Wallace – who is expected to be replaced by Ashley’s right-hand man Derek Llambias – was axed on Saturday morning, moments after the club’s beleaguered board accepted a £2m crisis loan from the Sports Direct magnate and his departure will be confirmed this morning. It’s hotly anticipated his £300,000-a-year role will now be given to Llambias as part of a boardroom shake-up. Ashley also wants another close pal, Stephen Mucklow, to replace finance director Philip Nash, who resigned on Friday. In return for his cash, Ashley demanded the right to make two changes to the board and also has security over two of the club’s main assets, the Albion car park and Edmiston House. Record Sport can also reveal that, after learning of Brian Kennedy’s late counter offer of a £3m funding package on Friday morning, Ashley threatened the club’s directors with legal action if his own deal was rejected. A source said: “Ashley was apoplectic when he heard Kennedy made a bigger offer. “His lawyers made it clear to the board there could be devastating repercussions for those who tried to stand in his way. It’s no surprise a few bottles crashed. Ashley is not someone to be messed with.” Wallace had approached Kennedy on Thursday in a desperate bid to block Ashley’s power grab. He then left for a holiday in Greece on Friday. Details of his severance package are as yet unclear. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-power-battle-graham-wallace-4515530
