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Rangers fans seek access to season ticket sales figures Written by ANONYMOUS A Rangers supporters' group has called for the club's board to reveal how many season tickets have been sold. The deadline for renewals passed two weeks ago and the rate of sales is critical. Directors have previously admitted that a drop in renewals would affect the business's ability to trade as a going concern. The Union of Fans group has been urging supporters not to renew in protest against the current board. Before the deadline, Rangers admitted that sales were slow and directors even met with members of UoF, a coalition of various different fan organisations, to try to broker a compromise. UoF has been advising fans to pay their renewal money into the Season Ticket Fund, an initiative backed by former Rangers captain Richard Gough and former Ibrox director Dave King. The intention was to only pay the money to the club in return for security over Ibrox Stadium and Murray Park. It was claimed Rangers' chief executive Graham Wallace raised the prospect of the board offering legally binding guarantees not to use the property assets as security for loans or to sell them, but talks subsequently broke down. The Union of Fans have urged Rangers chief executive Graham Wallace to reveal how many season tickets have been sold The Union of Fans have urged Rangers chief executive Graham Wallace to reveal how many season tickets have been sold When the club released their interim results in March, the directors acknowledged that a fall in renewals from last year's sale of around 38,000 would leave the business short of enough income to trade for the next 12 months, although Wallace has been adamant that Rangers International Football Club will not fall into administration. A £1.5m loan from two shareholders - Sandy Easdale and George Letham - is due to be paid back as soon as that amount is raised from season ticket sales, but neither is thought to have received their money back yet. "We urge chief executive Graham Wallace and the board to come clean about how many season tickets they have sold and how much cleared income in the bank these sales have provided," said UoF in a statement. "If and when the cash figure reaches £1.5M, the board, as they announced to the Stock Exchange when the loans were negotiated, must immediately pay Sandy Easdale £500,000 and George Letham £1m. "For the avoidance of doubt, if these loans have not yet been repaid, it means that the board have not yet secured £1.5m of season ticket money or they have broken the repayment terms of these loans. "We would ask the board to make a clear statement of the number of fans who have renewed to the AIM market in order that supporters and shareholders can rely on the accuracy of the figure given. "This is a matter of grave concern for shareholders and supporters alike and we also believe it must be something which is being monitored by auditors, Deloitte. "When we met Graham Wallace on 14 May, he once again reiterated that there was 'no possibility of administration'. "We would therefore ask him to make it clear how the club plans to operate at what we believe is a greatly reduced level of season ticket sales." http://www.bbc.co.uk/sport/0/scotland/27651399
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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 -
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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Not exactly Rangers chat but I think most people will enjoy this Chris Graham article which comprehensively destroys Kevin McKenna's Lennon article of last week... http://www.therangersstandard.co.uk/index.php/articles/current-affairs/324-neil-lennon-the-bravest-man-in-scotland
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Announcement: Gersnet and WATP Magazine link up with a new monthly Gersnet column We are delighted to announce that from this summer a monthly Gersnet column will now be featured in WATP Magazine - the only A4 sized monthly magazine by Rangers fans, for Rangers fans. Gersnet was one of the first Rangers discussion websites and has been a quality source of information and debate on the club for almost 15 years. WATP magazine begun its life in season 2013/14 and quickly became one of the biggest selling print fanzines; rivalled only by the official match-day programme in terms of it's first-rate A4 colour production and content. In each monthly issue you will find columns and interviews from club legends, articles that look into today's Rangers written from well-known supporters and historical articles which will take your breath away at the majesty of our history. The features section includes a closer look at the Rangers family, with everything from Supporters Club of the Month to the lovely Bearette section. We can't wait to complement all the above with our own writers from the Gersnet website and forum! You can subscribe to the magazine via www.watpmagazine.co.uk and follow WATP on Twitter @WATP_Magazine. Gersnet and WATP - 'One Rangers, no factions'. -
Have been asked the share the following press release: http://www.gersnet.co.uk/index.php/latest-news/247-fernando-ricksen-testimonial-information
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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. -
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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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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Could we? Once saying - " I think Rangers are a great team with lots of potential. I follow them in the Scottish league." FRANK LAMPARD today hailed the Rangers fans as amazing' - and backed the Ibrox club to join Chelsea in this season's Champions League. The England man revealed that Jose Mourinho's stars were gob-smacked by the reception they received from the home fans in Saturday's 2-0 friendly defeat from Walter Smith's side. Lampard, and skipper John Terry, saluted the Ibrox crowd at time-up, and the midfielder claimed it was the best friendly he'd ever played in. "The Rangers fans were awesome, all the lads were talking about it," said Lampard. advertisement"The reception I got when I went to take corners during the game, and after when we were going off, was really nice. "They certainly love their own team, but it was very special to get that welcome. It was amazing really, and a very good game to play in for us, certainly the best friendly we've had. "With that kind of backing from their crowd, they will be hard to beat. And I expect to see Rangers in the Champions League." Sp!vs want to sell season books, well get your cheque books out!
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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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This arrived a wee while ago. Three surveys were issued comprising of Fan Engagement 2, Club Membership and Digital & Media. More than half the respondents from the initial survey said they would participate in further supporter engagement initiatives to help shape the Club’s Ready To Listen campaign. From that 50%, the uptake was overwhelming with over 86% of fans completing the Fan Engagement 2 survey, 58% completing the Club Membership survey and 66% completing the Digital & Media survey. Fan Engagement Key Findings 88% of fans see the Club’s Website as the key channel for information regarding the Club with Email coming a close second at 71% and Social Media at 60%. 64% of fans use Email as the key mode of communication with the Club and 51% via Social Media. The 5 areas that fans are satisfied or very satisfied with in terms of communication with the fans are - Club Website, Matchday Programme, Email, Social Media and Ticket Centre. Fans do not see the Hotline as an effective method of communication with less than 1% citing this effective. Fans are happy with the level of Email communication with 66% feeling the Club does not communicate too frequently. 43% of fans interact with the Club on a daily basis. Awareness of the Club’s Supporter’s Services department is low with only 21% aware and of those only 13% had used this service. Those who did use the service found it a positive experience with 60% stating it was courteous and 44% stating it was knowledgeable. The top 5 channels fans would like to communicate with the Club were: Surveys, Email, Q&A Sessions, Open Days/Evenings and Social Media Polls/Conversations. The most important channels of communication were Email, Q&A Sessions and Open Days/Evenings. The establishment of a Fan Representation Board was seen as the most effective way to improve Club and supporter engagement with 74%. The majority of fans believe the Fan Representation Board should have between 6-10 members and it should comprise members with a relevant professional expertise (83%) and Season Ticket Holders (80%). The Fan Representation Board should be re-elected and the largest % of fans at 46% felt a term of 2 years maximum was acceptable. The Fan Representation Board should meet on a monthly basis according to 65% of respondents and 78% agreed that there should be a Club representative in attendance and 93% agreed that a member of the Board should also attend. To view an infographic of the Fan Engagement survey 2 results click here. Club Membership Key Findings “Bringing me closer to the Club” (45%) and “Increasing my involvement with the Club” (41%) were deemed most important in terms of Rangers Membership, with “providing me with exclusive merchandise pack” least important (2%). Top 3 Rangers Membership benefits perceived as providing “value for money” were: Retail Merchandise Discount, Free Stadium WIFI and Exclusive Merchandise. 61% of participants felt a members-only email newsletter should be issued “Monthly”. 61% of participants felt that receiving a gift pack wasn’t an important part of a Rangers Membership. A Rangers Membership scarf was perceived the least important membership pack item (Average Score of 3.14) compared with a Membership card (Average Score of 3.74). 94% of participants think the “ability to vote on Club initiatives should be a benefit of Membership”. 95% of participants think that people on the Fan Representation Board should be Club Members/Season Ticket Holders. Priority tickets for Premium Games was perceived the most important benefit to enhance matchday experience (Average Score of 4.15), Digital Matchday programme was perceived the least important benefit (Average Score of 3.26). 54% participants have children/relatives, but 80% of these children/relatives aren’t Season Ticket Holders however 53% of them attend matches. Top 5 Rangers Membership benefits that represent value for money for kids under 16 are: Player Mascots, Retail/Merchandise Discount, Membership Pack, Online Games/Competitions and Kids Video Content. To view an infographic of the Club Membership survey results click here. Digital & Media Key Findings 99% of all respondents said that they use the Internet on a daily basis. 82% of respondents confirmed that they access the Internet via a PC or a Laptop. However, 76% also said that they use a Mobile Phone with 60% accessing via a tablet. Only 38% of respondents indicated that they watch videos about Rangers on RangersTV, with more watching video content on rangers.co.uk (59%). YouTube was the most used website to watch Rangers videos (78%). 53% of respondents said that they visited the Club website rangers.co.uk on a daily basis, with a further 35% identifying that they use it on a weekly basis. Only 5% of fans said that they used the website monthly. When asked to select a statement that best reflected their opinion of rangers.co.uk at present, 55% of respondents selected “It’s good but I also go elsewhere”. Only 1% of fans said they thought “it’s terrible”, however only 8% said “it’s fantastic and has everything I need”. 68% of fans felt that the content on rangers.co.uk appeals to both ardent fans and casual fans, however only 13% felt that the site was first with news. Less than 50% of people said that they could find everything they wanted easily (40%) and that it was visually appealing (45%). 44% of respondents felt that match reports were timely, factual and accurate, 45% felt they were objective and 63% felt that they were of a good length. Regarding picture galleries, 66% felt they were easy to use, but only 32% felt that they captured the emotion. 85% of fans confirmed that they do not subscribe to RangersTV, with 56% of those who do having a RangersTV Standard subscription. Price was the most significant factor for people who have subscribed previously to RangersTV and cancelled, with 41% not wishing to pay for video content at all and 34% indicating that the subscription is too expensive. Regarding video content on RangersTV, match content was what fans wished to see most, with 88% wishing to view Live Matches. Other areas they would like to see include Archive Matches (59%), Interviews (61%), Highlights (66%) and Documentaries (63%). Only 46% of respondents indicated that they buy the matchday programme and of those, 49% said that they do so every game. 63% of fans said that the reason they do so is because it’s a collector’s item. People who don’t buy the programme said that the reason for doing so was that they didn’t feel it was value for money (72%). 57% said that they would be interested in a digital version of the programme. 75% of respondents said that they use a social media platform with Facebook (79%) and Twitter (68%) the most used. 39% of respondents either agreed or strongly agreed that Rangers engages well on Social Media, with 32% either disagreeing or strongly disagreeing. 46% of fans felt that the Club provides news effectively via Social Media with 26% either disagreeing or strongly disagreeing. To view an infographic of the Digital & Media survey results click here. Next Steps More focused face-to-face meetings in the form of focus groups will now be facilitated at the stadium with fans who had expressed a wish to continue their involvement in this initiative. The first set of focus groups will take place next month on Fan Engagement with a minimum of 4 groups being held. A representative sample of Rangers fans will be included in each group to share their individual views and will be invited to participate on a first come first served basis. A range of topics will be covered and this will be outlined in the initial correspondence for each focus group. These initial focus groups will be followed by further focus groups on Club Membership and Digital & Media in the coming weeks and months.
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Lifted from FF: On the 18th of December 2012 there was an incident within Ibrox stadium involving Police Scotland and members of the Union Bears; an incident which made headlines throughout Scotland and branded our members as mindless and violent thugs. At the time, we released a brief statement maintaining our innocence, criticising the Police and asking fellow Rangers fans for help with gathering evidence. From that night, a total of 11 group members were arrested and banned from attending all Rangers matches. After countless court appearances over an 18 month period, involving 14 Police witnesses and hours of CCTV footage; a verdict of not guilty was delivered to 10 of our members, which surely must cast another shadow of doubt over the functionality of the Offensive Behaviour at Football bill, something which our group strongly opposes. The one remaining member; sadly, was today found guilty of culpable and reckless conduct after "banging a drum beside a Police horse" ; without speculating, we believe this was an attempt to save some form of credibility for Police Scotland and the Scottish Justice System in what has been an embarrassing case for them. Throughout all 11 trials which were attended by large fractions of our group, we were saddened to see actions which does not fit the character of a reputable Police force. Continuous lying under oath, manufacturing statements to suit their agenda and targeting individual members. We hope this highlights the extreme lengths that Police Scotland will go to victimise our group. At this time, we would like to thank the Rangers support who stood beside us and helped where they could; your continued assistance and support throughout this matter has been greatly appreciated. This has made us stronger as a group and we refuse to be the victims of unjust treatment from a cowardly and deplorable Police force. Police lies, ruin lives. Union Bears No Surrender
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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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Support from the above on keeping Ibrox and Auchenhowie, while some of our own dither. http://www.eveningtimes.co.uk/rangers/rangers-fans-backed-by-leeds-support-for-board-battle-164353n.24280107 RANGERS fans were today urged not to give up the fight to hold on to Ibrox and Murray Park as animosity grows towards the under-fire Light Blues board. The call came from Gary Cooper, chairman of the Leeds United Supporters Trust, who have fought a series of hierarchies in Yorkshire as the club have fallen from grace in recent years. United's Thorp Arch training centre was sold off for £4.2million a decade ago while their Elland Road home was hived off in a sale and leaseback agreement just weeks later as the club battled for survival. The Rangers Union of Fans have launched a bid to pool season ticket money this summer that will see cash only handed over to the Gers board once security has been granted over Ibrox. A meeting between the group and board last week failed to reach a settlement, with fears growing among supporters that their Murray Park base could be sold to raise much-needed funds. Leeds have never fully recovered from the disastrous Peter Ridsdale era and fans' chief Cooper has issued a rallying call to the Light Blue legions to play their part in safeguarding Rangers' biggest assets. He told SportTimes: "Any club worth its salt has to own its stadium and training ground. For a decade and more, Leeds United haven't and that isn't right. "It is difficult for supporters, they value it more than bricks and mortar. "They make an emotional investment in their team and the club and have a link, a tie to the heritage and history, past glories and failures, to the ground, your home. "We have not had that at Leeds United and it is hard for supporters of any other club to fully understand it until it happens to them. "Rangers are a massive, historic club and the idea that they could lose their stadium and training ground and become tenants is, in my opinion, devastating. "It has been so hard for the fans of Leeds United and it will be for Rangers fans if it happens. "We are in a fight to reclaim our identity and our home and I would urge Rangers fans to keep up their fight to hold on to Ibrox and Murray Park." Having seen the board backtrack on plans to consider a legally binding undertaking on Ibrox and again hit out at the aims of Ibrox 1972 Ltd - the vehicle used by the UoF to collect season ticket pledges and backed by Dave King and a host of Light Blue legends - supporters have become increasingly disillusioned with the Gers powerbrokers. The board have repeatedly criticised the UoF proposal that would see the stadium and training complex handed over to fans but LUST chairman Cooper has given the group his firm support. He said: "Supporter involvement in owning any ground, or financing the purchase of a ground, has to be a positive thing. "The club's identity is intrinsically linked with the place it plays its football. "Its history is there, its traditions are there and the hearts and emotions of the supporters are there, and I mean supporters from a hundred years ago and today. "It is fundamentally important that fans try to retain a voice in all aspects of our game and our clubs. "It doesn't belong to the money men, it isn't all about money. "It is about competition, identity, tribalism, recognising something in your club that lives and breathes in yourself. We are losing that. "If the Rangers fans are going to fight to keep ownership of Ibrox and Murray Park then I am sure our 9,000 members would support them all the way."
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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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Saw this, looks like a great game; the legends are back on the pitch!! Thought I would share the link - http://www.zeroalphafoundation.org/events.html
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Alasdair Lamont @BBCAlLamont 33m Rangers chief exec Graham Wallace on £320k pa + 100% bonus. Plus £25k salary increase as Rangers move up leagues. More to follow.
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Here is an Email we have just sent out to 30 odd supporters clubs: Hi, I am a volunteer with Rangers First, a community involvement and fan governance vehicle set up in order to help the supporters gain transparency and a voice in the club. Our first objective is to obtain a 5% shareholding in the club in order to get us on our way to achieving authoritative transparent consultation (ACT) with the board of Rangers Football Club. RF is an apolitical organisation that is only interested in the betterment of The Rangers Family and is not seeking to divide anyone. All fans are welcome who believe in fan involvement at the club. Rangers First is a Community Interest Company that is government regulated to ensure that all proceeds go to benefitting The Rangers Community, all membership donations (from £5 per month) initially will go to buying shares until our goal of 5% has been met and ACT has been achieved. Subsequent donations will be used at the discretion of the membership as RF is a member led one member one vote democracy. If your supporters club or organisation would like to hear a presentation on Rangers First at your venue of choice, we would be happy to accommodate you. I believe that RF is a fantastic vehicle that will help the Rangers Support and the club and I would like the opportunity to let my fellow Rangers Fans hear the facts and decide if it something they would like to get involved with. All information on Rangers First is available at http://www.rangersfirst.org - If you know any supporters club that would like to hold a presentation please let us know. Thanks
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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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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.
