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http://www.redandblackshirt.com/
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http://www.bbc.co.uk/sport/0/football/27934760
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http://www.gersnet.co.uk/index.php/latest-news/250-dave-king-the-grand-old-duke-of-york
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We know that season ticket sales are slow/low, and this is for a variety of reason. One of them being Dave King's "trust". Does anyone know what sort of numbers are involved with the trust now??? Is it a significant number, or has it turned out to be a bit of a damp squib???
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With Graham Wallace due to meet with a range of fans at NARSA this weekend In Toronto, Gersnet wanted to introduce a bit of fun ahead of proceedings with a business speak bingo card for fans to check off phrases which always appear popular amongst Rangers board members - past and present (though not often actually ever implemented). You can view the bingo card below. First to tweet us with the four corners or a completed line wins a bottle of Château Routas wine which we 'duped' Sir David Murray into sending to us.* Good luck to all! * - The prize will be available on receipt from Castle Grant, near Grantown-on-Spey c/o the Bank of Scotland.
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Friday, 13 June 2014 15:00 Hutton Extends Ibrox Stay Written by Rangers Football Club http://www.rangers.co.uk/news/headlines/item/7061-hutton-extends-ibrox-stay RANGERS midfielder Kyle Hutton has agreed a one-year deal with the club. The 23-year-old was out of contract in the summer but has now extended his stay at Ibrox having signed a new deal this afternoon. Hutton, a product of the Murray Park youth academy, has fully recovered from the injuries that reduced his playing time last term and will return to the training ground with the rest of the squad later this month to prepare for the 2014/15 Championship campaign. He said: “I am absolutely delighted to sign a new deal with Rangers. You never want to leave a club like this so I am over the moon to agree a new contract. “There are a lot of good midfield players at Rangers but I am confident in my ability and I will work hard to try and get a place in the team. “It was frustrating to miss so much of last season through injury but I am fully fit and ready to play a part in our rise back to the top. “I had a great pre-season in German last year and was feeling sharp but then I picked up an injury in training and that set me back. I have worked hard during the summer on my fitness though and I feel great so I can’t wait to get started again. “Next season is going to be an exciting one with Hearts and Hibs in the same division and they will be good games for the fans to look forward to. “I have played in some great games for Rangers in my career, the highlight was against Manchester Utd in the Champions League, and I want to help the club get back to the highest levels of the game once again.” http://www.rangers.co.uk/news/headlines/item/7061-hutton-extends-ibrox-stay
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http://www.bbc.co.uk/sport/0/football/27804525 By Richard Wilson BBC Scotland Finance remains the fundamental issue at Rangers. One contingency plan has always been to seek additional funding from current shareholders, and a substantial drop in season-ticket sales merely exacerbates the problem. When chief executive Graham Wallace published his business review last April, he indicated that if the uptake of season tickets was "materially less than anticipated" then the board would consider a pre-emptive offering of 43 million unissued Rangers International Football Club shares to existing shareholders. That remains, for now, the only viable way for the business to raise additional funding. With a new share issue proposed later this year, the price would be at a discount to the current market value of 27p and the intention is believed to be to generate in the region of £7m. This would go some way to covering any shortfall from a significant drop in season-ticket sales, and so allow the business to continue trading for the next 12 months. Unanswered questions abound, though. Which shareholders, for instance, would participate? Some individuals are suggesting that Laxey Partners would invest more money, along with Sandy Easdale, the chairman of the Rangers Football Club board. Others believe that the institutional shareholders, such as Hargreave Hale and Artemis, would not participate, given the sharp fall in the share price from its launch of 70p. In the first instance, existing shareholders are normally offered enough additional shares to maintain the size of their overall stake. Any shares that are not taken up could then be offered to existing shareholders to allow them to increase their ownership stake. It is also theoretically possible, though, for the board to place shares with specific existing shareholders, which could strengthen the power base of the group of aligned shareholders who currently effectively run the club. That would, though, be likely to agitate those left out and potentially cause further upheaval. However, Easdale and his proxies could then be considered as acting as a concert party if their combined shareholding goes above the 29% threshold, and so expose them to takeover panel rules and regulations. While a pre-emptive offering is restricted to current shareholders, their rights to participate can be acquired by non-shareholders. So while finance remains the fundamental issue at Ibrox, in that it underpins every substantial development, how the need for funding is addressed is also critical. Control is at stake also. Laxey Partners are currently the largest single shareholder, while Sandy Easdale held the proxies for around 25% of shareholders at last December's annual meeting. Institutional shareholders supported the current board at the AGM, but the need for additional funding may alter their point of view. Wallace is attempting to steer a course through the demands of financial issues and specific shareholder interests. There is no simple solution, beyond a radical change to the shareholder dynamic. That would only occur, though, if shareholders were prepared to sell their stakes or if a fresh rights issue was launched to the public. In the meantime, the Rangers board need to ensure that the business can trade as a going concern for the next 12 months. When the interim results were released last March, they contained a note outlining that a fall in season-ticket renewals from last year's figure of 38,000 would affect the business's ability to trade as going concern. Right now, Rangers are thought to still be considerably short of that. Short-term financial issues are at the forefront, but other intrigues also exist. It has been possible to detect, within the noise around the club, a growing tension between Wallace and Sandy Easdale, who is not a member of the plc board. Wallace has the executive role, but Easdale, through his proxies, carries the strongest shareholder authority. Rangers' April review: Key points Business needs to raise up to £30m over three years New share issue planned for autumn 2014 Cuts of £2m have already been made with other savings likely Plan to make the business sustainable by season 2015/16 Aim to make team Scottish Premiership winners by 2017 The flow of information is also a source of consternation to some within Ibrox, not least because talk of a share option is price-sensitive information and ought to be published first to the stock exchange. Jostling for position is evident, although finance remains the key point, not individuals. Dave King, the former Rangers director, wants to invest directly in the club. The South African-based businessman and Wallace in his business review both estimated that it will require £20-30m of additional investment to provide Rangers with the means to challenge Celtic for the Premiership title and compete again in Europe. The only way to raise that kind of money would be a fresh public offering of shares, which is what King wants to participate in since his money would go directly to the club, which needs money spent on the football infrastructure - there is still no scouting network - and maintenance work at Ibrox. King's intervention would likely lead to the dilution of the current shareholders, though, which is why an alternative route is being sought. The current squad, with one or two additions, ought to be good enough to gain promotion from the Championship, but to compete again with Celtic, Rangers need to be properly rebuilt. There is a current shortfall to address, but that is only a short-term fix. For Rangers to compete at the highest level, a change in approach is required.
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GRAHAM WALLACE says Rangers now has a solid base from which it can move forward with confidence as it looks to grow, prosper and thrive more as time goes on. Wallace has spent the weekend in Toronto at the 2014 NARSA convention, where over 1,000 Light Blues fans have been in attendance. The chief executive took questions in an open forum yesterday afternoon following the association’s annual general meeting. A number of issues were raised with him and Wallace is keen to reassure Gers followers a path to a brighter future lies ahead. He said: “It has been interesting talking to a different cross-section of fans in Toronto as it was an opportunity to hear at a really detailed level about some of the issues they have. “Almost since the day I came to Rangers, we’ve been operating in an environment where there have been consistent questions about the financial stability of the club. “I’ve repeatedly come out and said there’s no threat of administration and we’ve built a very solid base now which we’re moving forward from. “The fans should take reassurance and comfort from that. We are moving in a way that allows us to grow and develop the business. “The long-term financial stability of the business is well in hand and we are in a good place now. Fans should be confident and comfortable with the club’s long-term stability. “The club needs them to survive like any business does and we are absolutely hoping they will stand behind and support the club the way they have in recent seasons. “In the vast majority of areas, I think we are moving in the right direction and it is business as usual at the football club. “The fans are looking for a degree of confidence that their club is stable, it’s being properly run and we are in a good position financially. “We are now in our best position financially in my time at the club so that’s positive and we are placed very well for the start of the forthcoming Championship campaign.” Wallace admits there is still considerable work to be done as Rangers bid to make up for what he feels has been a missed opportunity to rebuild in a better way since administration in 2012. But he is sure a lot key moves have now been made which will allow the League One title winners to make more notable strides from now on. He added: “I’ve been in position now for a little over six months and in that time it has been extremely challenging. “There have been so many legacy issues we have had to deal with and we spent a considerable period of time looking at the condition and the state of the business. “We had to map out what we think the club and the business is capable of doing over the next several years. “We have done a tremendous amount of groundwork and we’ve addressed a significant number of issues. “In April, we published our business review. That gave fans a sense of what we inherited but more importantly, a sense of the vision of where we think we can take the business. “We have made significant strides but it’s not an overnight journey and what we are looking for now is to move forward again. “We want to go through our pre-season routine into the new season and really push on, starting to make a huge difference in the areas we’ve identified.” http://www.rangers.co.uk/news/headlines/item/7029-a-base-to-grow-from
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Wednesday, 04 June 2014 18:45 Miller Completes Rangers Hat-trick Written by Rangers Football Club RANGERS Football Club has today confirmed the signing of Kenny Miller on a one-year deal, with the option for a further year. The 34-year-old striker is now in his third spell with the Light Blues having joined initially from Hibs for the 2000-01 campaign and returning for a hugely successful period between 2008 and 2011. Miller won three top-flight league titles, the Scottish Cup and the League Cup during Walter Smith’s reign before leaving for Bursaspor in January 2011. Following spells at Cardiff and Vancouver Whitecaps in America he has returned to Rangers, where he scored 67 goals in 147 appearances. Miller commented: “I am thrilled to return to Rangers for a third time. I have enjoyed so much success at this great football club and I am determined to repeat it again next season and beyond. “Rangers is a special football club and we are on the rise again and I want to play my part as we look to get back to the top of Scottish football. I had a number of offers once I left Vancouver but I had my heart set on returning to Ibrox and I can’t wait to get started again.” Rangers Manager Ally McCoist: “We are delighted to welcome Kenny back to Ibrox. He was a terrific player for us in the past, especially his second spell at Rangers, and we have won many trophies together. “Kenny brings experience and pace to our forward line and will be a great influence on our younger players at Murray Park. He is a top class footballer and we look forward to seeing him in a Rangers jersey once again as we look to secure promotion to the top flight next season.” http://www.rangers.co.uk/news/headlines/item/7005-miller-completes-rangers-hat-trick
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We are currently in the process of gathering together names of individuals and representatives of fans groups, RSCs, websites, etc who are willing to come along and help find a solution to the infighting amongst our fans. If you are interested in attending the meeting could you please email info@thelouden.co.uk (or you could dm/pm us) with your name and any group that you wish to represent or are a part of. To be clear, any individual who wishes to attend to try and help our support is more than welcome but we would appreciate an email so as to know the numbers. Regarding the format of the meeting, we are looking for suggestions on what specifically the meeting should cover. We are not discussing the politics at the club, we are only focusing on the way fans communicate with each other. This is not about which side is right or wrong. We do not need everyone to agree about everything but at all times we should be civil to one another. The meeting will be held in the lounge area of the pub and no alcohol will be served for the duration of the meeting. If anyone wants any other information, please ask. Thanks We Are The People God Bless The Rangers The Louden Tavern: Ibrox Stadium - More than a Pub Official Partner of The Rangers Football Club *We are responsible for The Louden Tavern: Ibrox Stadium, 111 Copland Road, Ibrox, G51 2SL solely and are not involved in the operation of any other premises -
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. -
Seems that the bros or one of them are suing for £200K. In tomorrow's Record.
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We are looking to put together a meeting of all the different groups of the Rangers Support. All the fans groups, representatives, forums, magazines, podcasts, radio shows, fanzines and anyone who wants to come along We would like to make an attempt to bring civility back to the Rangers Support and thrash out a ‘code of conduct’ for how fans interact with each other online and in real life. It has been a hard time for the support as different views about what is best for the club are prevalent but this isn’t about protests, boycotts, supporting the board or anything else. It is purely about Rangers Supporters meeting and finding a way to give each other the respect a Rangers Supporter should have with one another. This is not about who is right and who is wrong – it is about the support moving forward and people with differing views being able to speak to each other. List of Groups we’d like to see there include: Sons of Struth Vanguard Bears Union Bears The Blue Order RST Rangers Media Follow Follow Gersnet Do The Bouncy No.1 Fanzine 72 Magazine WATP Magazine Rangers Supporters Assembly Rangers Supporters Association Copland Road Organisation Rangers Fans Fighting Fund Rangers Chat Heart & Hand Podcast We Welcome The Chase Podcast Aye Ready Podcast Any RSCs that are interested And apologies for anyone I have missed but everyone who has Rangers at heart is welcome. We would like to have this meeting at 1pm Saturday 31st May in The Louden Tavern: Ibrox Stadium, 111 Copland Road, G51 2SL. If you are willing to come along could you contact us here or email info@theloudentavern.co.uk There is no hidden agenda here, we are just trying to help the support. We have enough enemies out there. Check out http://www.rangersfirst.org – Do something positive to help the club and the support We Are The People God Bless The Rangers The Louden Tavern: Ibrox Stadium - More than a Pub Official Partner of The Rangers Football Club *We are responsible for The Louden Tavern: Ibrox Stadium, 111 Copland Road, Ibrox, G51 2SL solely and are not involved in the operation of any other premises
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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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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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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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Might as well get a gander at Merlin's latest on here as opposed to giving his blog hits..... May 15, 2014 by billmcmurdo Who Blinked? Much has already been said and written about last night’s meeting between Graham Wallace and the UoF. Depending on who you listen to, the board of Rangers has caved in to rebel demands or has once more outsmarted them. The issue of Ibrox being sold and leased back or mortgaged has never been an issue to worry about, as far as I am aware. Back in the early days of the new era, a sale and leaseback of Ibrox option for financing was pitched to Charles Green and Imran Ahmad. The figures were very impressive and would have brought millions into the club. However, it was never an option as both Green and Ahmad refused to sell what they regarded as the heart and soul of the club for easy money. So there is no victory for the Union of Fans in “obtaining” a guarantee that was already known board policy in terms of security over Ibrox. It could be argued that the UoF is now acting in opposition to Dave King’s interests because his season ticket fund is demanding Ibrox be handed over as security. It certainly looks like a hollow victory for the UoF as their backing for King’s proposals left them even further out in the cold than he is, after the board unequivocally ruled out dealing with the harebrained fund idea. The reality is that any guarantees by Wallace are not worth the paper they are not written on. Which means this civil war will continue and get murkier. From discussions with other bluenoses I am aware that Graham Wallace has cheesed off a large section of the Rangers support, particularly those who have renewed already, by even agreeing to engage with these anti-board people. It is increasingly looking like Wallace is keen to appease the rebels but not so eager to engage with loyal supporters. The truth is that last night’s meeting has left the board looking weak and prone to compromise – something that will not fill many with confidence. Whilst I accept that there are some fans who support the anti-board faction with genuine concerns about the condition of Rangers and the club’s finances, there are also those in the reb camp who will never stop till they have displaced the board and have their own Murrayite placemen in. This means they will go agitating and undermining no matter what – and this makes Graham Wallace’s capitulation even harder to stomach. The most stupefying thing about all of this is that the UoF are lucky if they represent 5% of the Rangers fanbase. For the board to cede to any demands made by such a small constituency beggars belief. Yesterday was the centenary of the date when Bill Struth first joined Rangers. I have no doubt Bill Struth would have hunted the UoF down Edmiston Drive and told them never to darken the door again. Oh how we need such a leader in 2014.
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http://www.rangers.co.uk/news/headlines/item/6956-hateley-early-deals-key
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The first two years of the American Civil War saw the Confederates win most of the battles, but continue to slowly lose the war. They benefitted from consistency of selection in General Officers, Robert E Lee was the very man to command the Army of Nothern Virginia. The Union had utilised several GOCs in the same period. Despite the Army of the Potomac being almost twice the size of Lee's command, McDowell, McClellan, Meade, Hooker, .... et al could not bring superiority to bear. President Lincoln was asked why he appointed and subsequently dismissed so many GOCs? Old Abe outlined an objective appreciation of the situation, the Union possessed four times as many men in the field, similar dominance in armaments, a massive superiority in production, and several times capacity in railways and logistics. He concluded by saying, "I am searching for a General that can do the arithmetic". He found him in Ulysses S Grant and the end game was inevitable. The wisdom of Abe ie 'doing the arithmetic' is something all parties in the on going Rangers crisis, could benefit from. If we accept the club sold 38,000 season tickets last season, what will the break down of this coming season's briefs be? Let's say the submission date is extended again, beyond this Friday. Would 15,000 renewals be a reasonable assumption? Given the UoF, Blue Order, Union Bears, ... etc have subscribed to the Dave King Trust, can we expect 5,000 to sign up to that perception of progression? The residual is 18,000, the biggest grouping and their decision might be based on style of football, prefer the option of game by game attendance, have had enough, ..... etc. I know other Gersnetters will have differing views on the numbers allocated to each grouping but I think we should recognise the three groupings. Weighting the random variables in the equation will be coloured by preferred prejudice, but we should attempt to be objective. Can either the Board or Dave King do the arithmetic?
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Hi there, first post, great site. I read lots of blogs etc and this is the best one in Scotland by a distance. If Rangers FC cannot continue as a going concern, in the event of the Dave King faction starving the board out, what happens? How does Rangers International deal with this?
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Backed by Dave King, Richard Gough and the Union Of Fans https://www.ibrox1972.co.uk/
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“We note the latest attempt by this board to mislead and hold Rangers fans to ransom. Their latest “give us your money or the seat gets it” ultimatum is just another in a long line of misjudgements this board has made about the mood amongst the support in general. The fact that those now in the crosshairs of this board are a lifelong Rangers fan who has ploughed millions of his own money into the club with no return, an iconic captain from one of the club’s most successful ever periods and a group of Rangers fans attempting to secure the home of our football club, says more about this board than we ever could. There is no attempt to deprive the club of funds. This is made very clear in the security proposal and the board’s ham fisted attempt to misrepresent this is one of the few transparent things they have done since coming to power. No money will be taken from fans unless security is granted and we are of the opinion that the board’s reluctance to discuss granting security may well rapidly change. Our public comments about Mr Wallace are not personal but have been based on his binding pronouncements on matters of huge importance which have been at best misleading, broken promises for engagement with fans, attempts to blame fans for the current precarious position of the club and a complete lack of any progress in bringing much needed investment into the club. We welcome the fact that the entire board have now publicly taken responsibility for all of these actions. Once again we see meaningless sound bites with absolutely no substance to back them up. The result, no doubt, of the expensive PR man hired by this board with more urgency than a Chief Scout. What “significant progress” has been made? How will this “bright future” we are promised come about when the investment committee have failed to secure a single pound of investment? Rangers is certainly “dear to all of us”, the Rangers support. We have no idea why this board would attempt to claim the same when there is not a single fan amongst them. We do not believe that Rangers fans will fall for this again. We’ve seen it far too many times in the past two years. “ - See more at: https://www.ibrox1972.co.uk/statements/#sthash.5zQnzija.oJfk0OFG.dpuf
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On Twitter that Dave King's ST Trust goes live tomorrow. Also Gough gave interview to Sun stating this. Anyone confirm this?
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By TheLawMan on RM
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Full interview here: http://www.bbc.co.uk/sport/0/football/27142340
