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[h=2]Club Statement[/h]WRITTEN BY RANGERS FOOTBALL CLUB THE Club has received many calls in recent days from fans, shareholders and other interested parties with regard to the contents of an Irish-based internet blog which has published numerous allegations about the business affairs of Rangers Football Club. The Club wishes to make clear that these allegations are totally inaccurate and that the Chief Executive and Board of Directors are fully focussed on the restructuring and rebuilding of Rangers Football Club as previously announced. The Club has decided to make this statement as unchallenged, ill-informed and inaccurate comments are damaging to the reputation of Rangers Football Club. Graham Wallace Chief Executive Officer

R&M are now the third largest shareholders in Rangers with 7.37% of the issued share capital. As stated in the other thread they are "long only" investors i.e. they do not operate hedge funds which might bet on the price of a share going up or down. The shares are held in their World Recovery and UK Equity Long Term Recovery Funds. The objectives of these Funds are as follows: UK Equity Long Term Recovery Fund The objective of the strategy is to outperform a target of LIBOR + 4% per annum. In seeking to achieve the objective the portfolio will primarily consist of UK equities that meet the manager’s recovery criteria of a turnaround in company profitability over the longer term. The manager does not operate within relative risk constraints, but sets absolute limits on the amount of capital allocated to any particular company or sector. World Recovery The objective of the strategy is to achieve capital growth, through investing in a portfolio which will primarily consist of international equities that the investment manager believes will benefit from a recovery in company profitability over the medium and longer term. The Fund will not be restricted by reference to a benchmark, territory, sector constraints or company size. I have a connection with one of the most senior people in the organisation who has invited me to send a list of questions which will be answered by him and/or the Fund Manager, Hugh Sergeant. Hugh Sergeant graduated from the London School of Economics with a degree in Economics. Hugh began his investment career at Gartmore in 1987 as a UK Equities graduate trainee and moved to Phillips & Drew in 1990, managing UK equities throughout his twelve years there. He became Head of Smaller Companies in 1997, establishing a new team and launching the UBS Smaller Companies Fund. In March 2000 Hugh was promoted to Head of UK Equities at UBS Global Asset Management and Chairman of the UK Equities Committee. He joined SGAM in 2002 where he was Head of UK Equities, manager of the Growth strategy and co-manager of the Special Opportunities Fund. Hugh joined R&M in August 2006 and currently manages the UK Equity Long Term Recovery, World Recovery and UK Equity High Alpha Funds. Hugh is Head of the UK Equities team at R&M with overall responsibility for managing and developing the team. (Source - Citywire). He is AA rated by Citywire; having outperformed the average manager in the UK Equity Sector by more than 80% over the past 5 years. I have some fairly obvious ones to start with: Can they chart the build up of the holding to the current 7.37%? Why were they not listed as having a notifiable holding on Rangers Investor Relations Website when they had 4.7%? (Zappa) Do they intend buying more shares Who did they support at the AGM and why? If they supported the requisitioners what is their view and position on the current Board? What is their objective /target price for the shares? (unlikely they'll reveal that publicly of course) Are they looking for a seat on the Board? Can they get me tickets for the Directors Box? I will keep this open until about 9.00pm tonight for additional questions and then pull it together for an email (and I would appreciate it if no one hacks into my account).

You know, some had to do it! Barrie McKay might be off to Morton for ONE months. Greenock Telegraph

http://www.scribd.com/doc/201292857/One-year-ago Published by RangersTransparency One year ago Mr McCoist had the chance to lead by example. Subject: Ally Date: Fri, 28 Dec 2012 23:52:06 +0000 From: Brian Stockbridge To: Ian Hart, Walter Smith, Malcolm Murray, Phil Cartmell, Bryan Smart CC: Charles A Green, Imran Ahmad Gentlemen The Board is being asked by Ally and his agent to approve an increase in his salary to the original level of £750k per annum. Whilst some of you may be aware of the background discussions that have taken place with Ally over his remuneration, some of you may not be so I set out the detail below: Originally Ally had an employment contract paying £750k per annum. In consideration for working with the Club during the difficult early stages and as a condition of supporting Charles, it was necessary for Charles to agree with Ally that Ally would have the same option package as Charles Charles, after discussion with Malcolm, agreed to reduce his own salary by half to £360k per annum. Ally agreed to reduce his salary from £750k to £600k per annum. At the time of the IPO, it became apparent that public disclosure of Ally's salary may be necessary in the Prospectus. Ally was concerned at how the fans would react to his salary level and I understand that he wanted to reduce it further to around £200k but with some sort of guaranteed bonus to make it back up. The Executive did not accept this as it was considered misleading and the disclosure made in the prospectus was for the actual amounts paid to Ally from June to August. The Executive agreed to explore every avenue to avoid having to disclose Ally's current contract and, after lengthy discussion with the Executive and its advisers, the UKLA accepted that no disclosure needed to be made about the level of Ally's ongoing salary. The Executive has recently been contacted by Ally's agent requesting an increase in Ally's salary from £600k back to the original £750k from now but with arrears of £62.5k to be paid in the January payroll (this represents the 5 months backdated pay). The Board is asked to consider and, if appropriate, approve the reinstatement of Ally's salary at £750k per annum and the payment of £62.5k of arrears. If this is approved then Ally's original contract will become in force. Please do not hesitate to contact me if you have any questions. If this is real then I can see Ally quitting or being sacked.

Former Rangers director Dave King fears a savage programme of cuts will leave the Ibrox club unable to halt Celtic’s title-winning momentum. Reacting to news of Rangers players being asked to consider wage cuts of up to 15 per cent King remains committed to investing heavily in the club via a new issue of shares. As Chief Executive Graham Wallace tries to slash the club’s losses before seeking fresh investment, however, South Africa based King tells Sportsmail in a wide-ranging interview of his fears that could hand Celtic a free run at 10-in-a-row. +4 Fears: Rangers director Dave King believes a programme of cuts could hinder Rangers' chances of halting Celtic's title-winning momentum in the future What is your view on the proposed Rangers cut-backs by Chief Executive Graham Wallace? 'My view has been very clear from the start and it hasn’t changed. I think the club require a level of investment in the playing squad that allows it to hit the ground running when it gets back into the SPFL Premiership. 'My view has always been that the funders should be like-minded people who are willing to come in and fund ahead of what’s required to win the leagues they are currently in. 'If we cut the club back to a level that’s just enough to win the League One or the Championship then that’s fine. But the gap between ourselves and Celtic when we get to the Premiership will be obvious. 'And it will render Rangers a small club in SPL terms for a longer period of time than need be. 'I’m concerned that because the shareholders there at the moment don’t have the appetite or willingness to invest ahead of getting back to the top league we will be really short in terms of the financial and on-field strength. 'No one wants to see Rangers finishing sixth or something like that. 'That would be absolutely horrendous. And certainly contrary to what I would want to do with the club.' +4 Widening gap: Rangers Chief Executive Graham Wallace (pictured with manager Ally McCoist) is proposing more cut-backs at the club The counter argument is that they are losing £1million a month. Even Rangers can surely only spend what they earn? 'They shouldn’t be losing £1million a month. There is no question that you must run the business at an appropriate level – that is clear. 'But I have seen comments that they could run it with the Dundee United wagebill and make a profit. 'They could even run it with the Dundee or Stranraer wagebill and make a profit because of the revenue a club like Rangers has. 'But if you run a club like Rangers on the budget of an East Fife it makes Rangers an equally small club.' But wouldn’t the cuts allow the club to stockpile cash for the Premiership as you suggest? 'Look, we have a situation where they had a fund-raising exercise where they raised tens of millions of pounds. 'One would have thought that that amount of money for a club operating in the third division with the revenue Rangers get for home games compared to the competition would have meant Rangers comfortably winning the third division and running up a surplus which would allow them to slowly move up the leagues and upgrade the quality of player as they go. 'In the latter half of the final season in the Championship they could significantly improve the squad. 'But they have not maintained a strong financial platform. 'We know now the money has been wasted on legal fees, wasted on so many different areas. 'But I don’t feel the club should respond by cutting the costs to the point of saying ‘we only have to do what is necessary to beat East Fife or whoever.’ 'Because if you do that Celtic will build up to 10-in-a-row and we could be so far behind them that even when we are back in the Premiership we are not in a position to catch up.' So there has to be a middle ground between the cuts proposed by Graham Wallace and lavishing cash on the team? +4 Finding middle ground: King believes the club need to spend appropriate sums of money 'Yes. It’s about finding the middle ground and the balance between losing money and doing what it takes to win. 'You certainly don’t want a Premiership wage structure to win the third division or even the second division. 'Your costs have to be appropriate. But just cost cutting per se and doing just enough to get by in the lower leagues is not what the fans pay for. 'The fans are not paying East Fife prices for season tickets. So they should get more on the pitch than the level they are at. 'We have not used the opportunity created by being forced down to the lower leagues to start blooding youngsters and getting them mentally attuned to the demands of winning titles with Rangers. 'Young players allied to a kitty to bring in the level of players needed to compete with Celtic was the way to go. 'Celtic are getting stronger financially. They have sold the McGeadys, the Hoopers, the Wanyamas and they are building up a reserve. 'They have cut their cloth and they are going to be in such a strong position with the revenue coming in that the gap may just be too large for us to bridge. 'That is my concern. Cost-cutting is not going to help us when we get to the Premier League. 'Because we could go into the SPFL top tier and finish fifth. 'The only alternative is someone having to open the taps up - and you can’t just buy a whole new team in a season. You can’t do that.' Do you fear that the cuts might even endanger the smooth path back to the Premier League for Rangers? 'Absolutely. Rangers ambition should not be to be slightly better than the teams in the first division. 'We really have to have a team, next year in particular, which is strong enough to prevail. 'We have to get through at the first time of asking next year. 'We have to be in a position to go up to the Premiership and we have to be in the position to launch a challenge to Celtic. 'There is no guarantee we are going to beat Celtic in the first season – infact it’s unlikely. 'It would be a miracle if Rangers were to go on and win the league the first season back. 'But, similarly, we cannot risk going to Celtic Park and being battered 6-0. 'We can’t start losing 3-1 to Hibs and Aberdeen and accepting it. 'Saying, "we are in a period of adjustment, it’s not too bad a season," is not an option. It’s totally unacceptable.' Should boardroom executives be shouldering more of the burden for cut-backs? 'If the CEO of the company has no money he has no choice but to cut wages and costs any way he can. 'But then Rangers are going to be a small club. 'They need an investment profile and what I was expecting post AGM was for the board to say, "we understand we have a funding gap, we understand we have to go and raise funds to start preparing Rangers for the inevitable return to the Premiership. We need to start bringing a youth squad through, we have to start scouting and having a proper preparation for challenging Celtic." +4 Winning mentality: David Templeton (centre) celebrates scoring in the 2-0 victory over Forfar on Monday 'And that would require the raising of funds in the marketplace. 'But it seems to me they are either unwilling or unable to do that. 'So what they are saying is, "we will cut the costs to make sure we do not need money."' 'Which effectively means living on the fans season ticket sales.' Graham Wallace says he could speak to you about investment once the cuts are made. Should he be doing it now? 'I think that’s a decision they must make. 'For me there is no problem with any CEO making cuts to right-size the business if that’s what they want. 'But the fans deserve more than the downsizing of Rangers to compete in the Scottish first division. 'They deserve a team which is superior to the competition in the lower leagues because they are paying for that. 'They deserve to see a progression in the quality of the finances and the players on the pitch as they move up the leagues so that we enter the Premiership in a competitive frame of mind. 'My concern is that we are making the club smaller. And that we are creating a gap. 'That’s not the fault of Graham Wallace because he is the CEO and has to deal with what he has got. 'It’s an issue relating to the board who should be having a rights issue – and that could mean the existing guys putting the money in if they want. 'The club needs a level of funding that allows it to go forward above the level they are competing in and make sure they have a fighting chance in the Premiership. 'I would never have expected us to go into the Premier League and come worse than second 'I’m mentally not attuned to the possibility of going up there and coming fourth of fifth. 'As a fan I would find that quite unacceptable and I don’t think Rangers should be run as a club which finds it fine to finish fourth or fifth while saying, "that wasn’t bad for a first season back." The worst we must do is finish second.' Have you had any communication at all from the Rangers board since your offer to invest after the AGM? 'None at all.' Read more: http://www.dailymail.co.uk/sport/football/article-2545041/Rangers-director-Dave-King-Listen-simply-risk-6-0-battering-Celtic-Park.html#ixzz2rIRgYNDJ Follow us: @MailOnline on Twitter | DailyMail on Facebook

The Compliance Officer has issued the following Notice of Complaint: Alleged Party in Breach: John Gemmell (Stenhousemuir) Date: On or around 4th January 2014 Disciplinary Rule(s) allegedly breached: Disciplinary Rule 82: By making comments of an offensive nature on Twitter in relation to Rangers FC and Alistair McCoist, manager, Rangers FC. Principal hearing date: Thursday, 13th February 2014 Rule 82: No recognised football body, club, official, Team Official or other member of Team Staff, player, match official or other person under the jurisdiction of the Scottish FA shall in an interview, a ?blog? on the internet, on a social networking or micro-blogging site, or in any other manner calculated or likely to lead to publicity, make comment(s) of a discriminatory or offensive nature based on, but not limited to, race, ethnicity, religion, gender, sexual orientation or disability, or that endorse or encourage foul play or are otherwise offensive. There shall be a presumption that any material published in such a manner was published in the name of and/or with the authority of the person or body bearing to have published the material.

Down to 30.4p, is there only one way for the shares to go with the present board ? Does the share price really matter?

The former Ibrox director has expressed his concerns that decisions made in the coming weeks will affect the team's ability to compete with Celtic when they eventually return to the top flight. The Rangers chief executive Graham Wallace is conducting a review of every aspect of Rangers' business. Last week he raised the possibility with the squad of a 15% wage reduction, although the players responded by asking if a similar sacrifice would be made by the club's executives. By Wallace's own admission, though, cuts will need to be made to bring the business back on to an even keel, although he has insisted that administration is not a threat. King, though, believes that cutting costs now will undermine Rangers' attempts to restore the club to its previous status. The first-team wage budget is 30% of turnover - significantly less than UEFA's recommendations - and there is no scouting set-up, following Neil Murray being removed as head scout last year. "The CEO has a lot of personal credibility but he is constrained by the funding realities," said King, a South Africa-based businessman. "I believe the club has to have funders who will invest to ensure that we can compete with Celtic when we get back to the SPFL. Unfortunately, our existing shareholders either don't have the money or the willingness to support Ally [McCoist, the manager]. With the right shareholder profile we should be investing in the squad not reducing it. We should be supporting Ally 100%." King has previously said he would like to lead a new round of fundraising through a fresh share issue. The shareholders would have to reinvest to maintain the relative size of their stake in Rangers International Football Club, so such an initiative would likely change the ownership dynamic. Wallace has said he will address the need for new funding once the business has been streamlined. King held meetings with Sandy Easdale, the shareholder and member of the Rangers Football Club board, last year in an attempt to broker an agreement that would have allowed him to invest in the club and take up the chairmanship of RIFC plc. He could not reach a compromise deal with the different factions within the shareholder base. He was also keen that Paul Murray should return as a director. Murray was among the four nominees who did not receive enough votes at last December's annual meeting to be elected on to the board. King believes that as well as supporting McCoist, shareholders ought to have been open to working with Murray. "He is a man that all Rangers' fans can completely trust," said King. http://www.heraldscotland.com/sport/football/keep-spending-on-squad-urges-king.23251877?

............but sheriff says he should not have been dragged into court 19 Jan 2014 07:36 ADAM RICHMOND walked away from court without a criminal record after a sheriff gave him an absolute discharge, prompting criticism of the law that led to his arrest. A STUDENT held after chanting abuse about the Pope and the Queen at a football match has been convicted under controversial anti-sectarian laws. But Adam Richmond, 19, walked away without a criminal record after a sheriff said he should not have been dragged into court. The case has sparked a fresh wave of criticism over the Government’s Offensive Behaviour at Football and Threatening Communications Act, driven into place two years ago after a bad-tempered Old Firm match and designed to clamp down on sectarian abuse at games and online. Football fans, lawyers and civil liberty campaigners have branded the legislation unnecessary and confused after cases have been questioned when they reached court. Richmond was arrested after police heard him singing “F*** your Pope and f*** your Queen” as Partick Thistle played Celtic at Firhill in October. Thistle fans sing the song to distance themselves from Rangers and Celtic. At Glasgow Sheriff Court, he was found guilty by Sheriff Norman Ritchie QC of behaviour likely to incite public disorder by singing sectarian and offensive remarks. But he told the teenager: “You are not the sort of person who creates the problem and needs this legislation.” He then discharged him absolutely. That means Richmond, from Penilee, Glasgow, has no criminal record despite being found guilty. Yesterday, solicitor advocate Chris Fyffe said: “I struggle to see the point of this Act. One of the major concerns was it had an extremely long reach and was very vague in its terms. “This seems to be being borne out to a certain extent by some of these decisions, suggesting there is a reluctance on the part of the sheriffs to find one person in a crowd of 3000 guilty. “Because of its vagueness, you can have a situation theoretically where somebody is saying something which is, on the face of it, offensive – it doesn’t have to be sectarian or racist and people do shout things at football matches – so there’s a potential there for criminalising football fans for what they have been doing for the past 150 years. “These cases seem to be reflecting the concern a lot of lawyers – and not just defence lawyers but sheriffs as well – are having regarding this legislation. “What it really seems to be doing is focusing on football behaviour as opposed to what many people see as the real concern, which is sectarianism in Scotland. “It seems we are criminalising people who are letting off steam in a relatively secure environment.” Product design student Richmond was told he was a credible witness until he was asked about singing the song, when his evidence turned “decidedly lukewarm” and his confidence “evaporated”. The Thistle song is supposed to celebrate the club’s neutrality from Old Firm bigotry with the line: “We hate the boys in royal blue, we hate the boys in emerald green, f*** your Pope and f*** your Queen.” Richmond told the court that the song is only sung when Thistle play Celtic or Rangers and the lyrics represent taking a stand against religion in football. Richmond, who has been going to games with his dad since he was six, said: “To me, from my understanding of the song, I don’t see how it can be offensive.” But anti-sectarianism charity Nil By Mouth said they hoped that Richmond had learned his lesson. Campaigns director David Scott said: “The use of this type of language at a match is no longer acceptable no matter what the context. “Fans at all league clubs are warned on the back of their ticket and before the start of games that offensive singing or chanting is not allowed. “Clearly, if this man wants to keep religion out of football, he should not have been singing what he did.” When we contacted Richmond at his home, he declined to comment. But a family friend said: “Adam has never been in trouble in his life. This has been hanging over for him for months and has been a terrible strain. “He was the only one arrested even though he was in a group of about 300 fans. “Adam has been told he will not have to declare this as a conviction when he goes for a job, which is a real relief. “This is a song that the Thistle fans have been singing for years without any previous complaints. “There is no intention of causing offence. All it really does is poke fun at Celtic and Rangers fans.” Partick Thistle declined to comment on the case. http://www.dailyrecord.co.uk/news/scottish-news/student-convicted-under-controversial-anti-sectarian-3037633

Strange email discussion on 2 October 2012 between Sandy and the CEO. --------------------------------------------------------------------- Craig Thanks for your email some parts were not asked for but if the papers have misquoted you should we not rectify The rest I will wait to see you face to face as feelings seem to be running high on certain matters . Just one point I have not moved page nor being influenced by anyone though some of the things that have been said are very close to what has happened . Yours Sandy Sandy Easdale Director McGill's Bus Service Ltd On 2 Oct 2013, at 11:59 AM, "Craig Mather" wrote: > Morning Sandy/All, > > Regarding Ally, I was asked to comment on Ally's wages in the accounts. I said I cannot comment on what wages where offered to Ally by the previous regime however I have asked Ally to consider his wages and take a significant pay cut. I said nothing has been agreed yet and no contracts have been signed however Ally has come to the table to discuss a pay cut which is good because we cannot make him take a pay cut. Nothing is in writing but Ally is aware of his wages and the associated costs when we are playing in the division we are in. I never once said he had taken a pay cut. > > I also believe Frank Blin has been stirring up trouble and talking rubbish creating a divide yet again. > > I am happy to talk on the phone or equally if the board believe they would be better served by a different CEO (which has been said to me by a number of people). Then as I have said numerous times I will give notice to the board and will stay until you find a replacement. I cannot do more than I am doing and am permanently critiqued by every side at every opportunity. > > It is not a good position when every side including at least one member of the Plc board is making statements to others about my abilities or the lack of them. > > The old saying divide and conquer comes into play here and if we stay solid then great, if not then the obvious will happen. > > I thought people maybe positive about how critical of Malcolm Murray I was and also defending Brian for his cost cutting efforts and the defending of the IPO costs. > > For clarity I will not change my allegiance and will not go back on my word. > > I won't be taking or encouraging contact with the requisitioners as they are not what this club need. > > Best as always > Craig > > Sent from my iPhone > >> On 2 Oct 2013, at 13:55, "Sandy Easdale" wrote: >> >> Dear >> Craig I was amazed that you have been quoted saying that Ally has took a significant pay cut . >> >> It would be good to share this with us if this is the case as we all agreed that was not what we were saying because there has been no deal struck on his wages . >> >> If so what is the cut as I am being asked to quote my self on these matters and must defend all these pays >> >> Which frankly I can't . >> >> Sandy from: http://www.twitlonger.com/show/n_1rvdg36

From the Insolvency Service. http://www.insolvencydirect.bis.gov.uk/IESdatabase/viewdisqualdetail.asp?courtnumber=05763437 Intriguingly he's still listed as a Director of Sevco 5088 Ltd https://www.duedil.com/company/08011390/sevco-5088-limited/people

by ANDREW SMITH A BUMPER crowd is expected as Celtic bring in the bells at home to Partick Thistle on Wednesday. With free tickets dished out and buses laid on, who knows, the Parkhead ground may even be at least half full. It hasn’t been that way recently. Indeed, the past two league games are the first back-to-back such encounters to have attracted crowds of less than 30,000 while the championship has been a live issue since the stadium became a 60,000-seater arena in 1998. Then, accurate attendances were given out. Now, these require freedom of information requests, with the club aggregating the number of paid-for-seats, which amounted to 46,000 for each of the victories over Hibernian and Hearts this month. If that appears undoubtedly healthy then what is not is that around 20,000 season ticket holders – around half the entire figure, in fact – are electing to think better of occupying seats they have already parted with their money for. It will be pointed out that the weather and time of year led to a dip in attendances throughout the country but that doesn’t explain what is driving down Celtic’s capacity to have punters come out to watch them. In the year-and-a-half the top flight has been devoid of the Rangers brand, Celtic have made great play of the fact that they have a standalone strategy not dependent on rivalry with a club playing out of Ibrox. And, having turned a debt into cash in the bank and posted a near-£10 million profit last year, they are making good on their assertion. Yet the declining interest from Celtic fans in watching a procession to their third championship demonstrates that they would struggle to operate at their current level if there was never again a team called Rangers in the top flight. The last two home games offered a glimpse of what would be the norm if the club operated in an environment in which they had no major – even from a numerical and cultural sense – rival. The 20,000 no-showers among Celtic’s season ticket holder base probably retain their tickets currently for two reasons: they received a £100 reduction on them last summer and it will probably be only 18 months before there is a Rangers to ridicule and lord it over in the Premiership. Without that promise of ding-dong derby days, most of these fans would probably chuck their tickets. In a non-Rangers world, then, Celtic would have a rain-or-shine hardcore of around 25,000. When they won the last of their nine-in-a-row run of titles in 1974, that was roughly their home average, as it was when they hit rock bottom in 1994. To live within the means that a 25,000 season-ticket-holder base generated, there is no way Celtic would operate with the £30m playing budget they have at present, or spend even sums of £2m on a couple of players every summer. Such a reduced season-ticket-holder figure – with child and younger person reductions taken into account – would bring in around £8m. Celtic’s ticket sales for the Champions League last year alone were £10m. In the Martin O’Neill era, season tickets sales coined in £23m. Celtic are too cautious to rely on Champions League income every year to prevent major losses. However much their club’s supporters may want to be in denial about it, then, with no Rangers permanently in their domain, Celtic would undergo serious downsizing and most home games the club’s stadium would be morgue-like. In turn, a lower spend on player wages would inhibit the calibre of individual that could be recruited, which would result in the team being weaker and potentially more vulnerable across the three rounds of Champions League qualifiers they require to negotiate to reach the group stages. It is perhaps surprising just how quickly almost half Celtic’s season ticket holders have canned watching domestic games. Two years ago, their team wasn’t even champions. The apologists would claim that the club’s treatment of the now dispersed Green Brigade and its perceived attempts to “sanitise” the support has helped turn off sections of the support, but few are buying that. In the Glasgow domain, for a great many it is quite clear that hatred of the other side fuels interest more than love of their own club. And without this adversarial outlet, it is noticeable how the stuggles of both Celtic and Rangers have become internalised. When it was put to Celtic manager Neil Lennon that some of his supporters appear to have short memories, he said: “And a self-destrcut button. And it’s not helpful.” The Irishman said he “can’t look at” the possibility that some Celtic fans have turned to navel gazing about their club as a more satisfying pastime than actually attending games. “My objective is to take the team forward,” Lennon said. “I am aware of the point being made because it is almost as if they need something to fight or argue about. But I can’t do anything about that.” In terms of the lowly 25,000 crowd estimated to have turned up for the 12.15 visit of Hearts last Saturday, Lennon pointed to mitigating circumstances beyond climate. “It’s the first time we’ve had a home game televised for a while and it’s Christmas as well which might have had a big effect on the crowd. We are always looking to give fans value for money and we’re always looking to bring a player in who might capture the imagination as well. But we’re 16 games unbeaten and we can’t do much more than that. Our away form has been very good but it’s a little bit different at home where teams camp in for long periods of the game. I know it’s up to us to try and break them down but we try to give the fans value for money at home as well. “I don’t think [what has happened with the Green Brigade] has had any effect. There might have been a Champions League hangover as well. We’re out of that competition now. I would expect over the festive period the crowds will pick up again and we have Partick Thistle on New Year’s Day and I would imagine there will be a decent crowd for that one.” A “decent crowd” these days, is very different from what it was five years ago. http://www.scotsman.com/sport/football/latest/poor-attendances-suggest-celtic-need-rangers-1-3249508

YOU can’t blame Ally McCoist for not wanting to do the sums. Too many of the numbers might add up to ten if the Rangers manager puts his mind to counting the cost of the position the Ibrox club finds itself in. Last week, chief executive Graham Wallace admitted that it would be a five-year mission to make the current Rangers competitive in the top flight. Which suggests there is little chance of the club challenging for a Premiership title much before Celtic should surely be homing in on a record ten-in-a-row. Moreover, Wallace stated that Rangers would need to scale the heights by living within their means. McCoist interpreted this as a top-flight Rangers operating with a £3 million playing budget while Celtic worked with ten times this figure. This illustrates the monumental concern for Rangers supporters and McCoist. If the Ibrox club and Celtic both live within their means, then the near £30m Celtic can generate from the Champions League puts them out of sight of any domestic challengers. It is a vicious circle. Rangers need Champions League money to mount a challenge to Celtic in sustainable fashion. But they can’t obtain that income because this very Champions League money puts Celtic on a different level to them. “The worry is Celtic are off and running with the Champions League money,” McCoist accepted. “That’s obviously a big concern. It would be wrong for me not to look at Celtic’s finances and not appreciate the gulf between the two, but what we need to do is concentrate on our own club at the minute. Celtic aren’t an issue for us at the moment. They’ve handled things well and fair play to them, but until we’re back competing against them then that’s when we’ll have to assess the situation. At this moment in time we can’t concern ourselves with Celtic. I don’t mean that in a rude way but they’re in a different place from us at the moment.” How on earth Rangers get to that place before Celtic achieve an unparalleled decade of domination in the top flight is what gives followers of the Ibrox club sleepless nights. “I understand 100 per cent where the fans are coming from,” said McCoist. “We’ve lost £50m-worth of players. We could argue about valuations but that’s what we’ve lost and had to replace them with free transfers. It’s not rocket science. You’ve got no divine right at the best of times to challenge for the top league, so when you look at the facts and figures you shouldn’t be challenging all of a sudden. But that’s not to say we can’t bring in some more youngsters and if that’s what it takes to move forward then that’s what we’ll do.” To plan to win a Premiership title with a crop of youngsters would be cock-eyed optimism, cautions McCoist. “You’ve got to get a blend. There may be exceptions but other than Manchester United I can’t think of too many teams that have had seven or eight youngsters come through and gone on to be a top-class European team. We’ve never, as long as I can remember, had seven or eight youngsters in the team who have come through Murray Park. You’ve got to get a balance. I think we’ve done fine in recent years when you look at the likes of [Alan] Hutton, [Allan] McGregor and [Charlie] Adam, [Chris] Burke and so on. I don’t think you’ll get too many cases like that Manchester United team. That said, it’s really important we get as many through as we possibly can.” And hold on to them. When the old Rangers was liquidated, the likes of McGregor declined to have his contract transferred over to the new company then formed. McCoist has had plenty to say about the fact that the keeper and other high-profile players “headed to the hills”, as he put it at the recent agm. But he was more conciliatory when asked what McCoist the player would have done in 1992, had Rangers gone bust. “I don’t know what I would have done,” McCoist said. “It’s the easiest thing for me to say that I’m a Rangers man but I don’t know. I’m not going to look back and start criticising people. I wouldn’t want to move back into hypothetical 1992 situations.” How McCoist must wish there was a Rangers currently enjoying the situation the Ibrox club did in 1992, though. http://www.scotsman.com/sport/football/latest/numbers-don-t-add-up-for-rangers-boss-ally-mccoist-1-3249510

Not going myself so am hoping a few lads I trust to tweet accurately will keep us informed through the meeting. The Rangers board have already arrived ahead of the 10.30am start.

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11812355 Full results on LSE link:

Hello Rangers fans! I am a student and Indiana University in the States and am looking for two or three of you to answer some questions for an upcoming ethnographic research project I have. The project examines the sectarianism surrounding the Old Firm and how it influences football culture in Scotland. It would be wonderful if any of you had some time this weekend to answer a few questions anonymously! It's all very informal so it can be done over email or Gersnet or whatever! I just need 2 or 3 more informants representing Rangers FC so if you're interested send me a PM or email me at indianaethnographer@yahoo.com or even post in this thread! Thanks so much for your time and I look forward to hearing from you!

............on group's bid to cleanse the Ibrox boardroom 11 Dec 2013 09:06 CRAIG Houston instigated the supporters' group and was behind Saturday's red card message to those in power at Ibrox - now he speaks out for the first time about why he feels it’s imperative those figures are removed at the agm. HE’S the sole trader who owns his own cleaning business. And now Rangers renegade Craig Houston wants to cleanse the Ibrox boardroom for good. Until now he’s been the faceless crusader who has somehow managed to galvanise and unify the Gers support like no other time in their history. Almost single-handedly this ordinary punter from Linwood instigated The Sons of Struth movement and Houston was behind Saturday’s defiant red-card message aimed at the Ibrox hierarchy. But who is he? And what is his end game? Those are the questions being aimed at the 40-year-old who insists he couldn’t live with the guilt if the club endured another financial meltdown. So for the first time he’s spoken out about how The Sons of Struth were formed and why he feels it’s imperative the incumbents of the Rangers board are removed at the agm on December 19. He also revealed how Ibrox directors have completely ignored the fans’ group’s pleas for dialogue and says they’re ready to carry the fight to London where the club’s institutional investors are based. Houston has been a season ticket- holder at Ibrox for 32 years, just like his father and grandfather before him. He’s not affiliated with either the Rangers Supporters Trust, Assembly or Association – and has no desire to turn the SoS into a formal organisation. For years the average Light Blues punter who turns up every Saturday to watch their team hasn’t had a voice. Until now. And that’s exactly why Houston got involved in the first place. He also spoke honestly amid suggestions reformed football hooligan Sandy Chugg is heavily involved with the Sons of Struth campaign. Houston said: “I thought, ‘If anything bad should happen to the club again we have to do something’. I couldn’t have handled the guilt second time around. “What we were trying to do was expose the truth at Ibrox. “Bill Struth is a legendary figure at the club, with loads of positive connotations, so we arrived at The Sons of Struth. “We put a page together on Facebook and it has grown arms and legs since then. We’re not a body or an organisation. We don’t have ‘members’ and we aren’t run by committee. “We’re just a group of guys who are worried about our club. At the moment social media is our only way of communicating with people so Facebook and Twitter have been crucial. “Between them we have around 10,000 people following us. But we know the vast majority of punters who go to Ibrox aren’t in the Rangers online community. “The leaflets spread our word better. People who I’ve sat with for 32 years in the main stand are now asking me questions. “These are guys in their 50s who aren’t on internet forums. So that has to be a good thing. And I think the show of unity at the red-card display on Saturday proves the vast majority of supporters are with us now. “There have been accusations about Sandy and his involvement with us but it’s simple. I’ve known him for five years through coaching in youth football. “He’s a big Rangers fan and, like the rest of us, he just wants the best for the club. “Everyone knows he has a colourful past but those days are behind him. “He’s a reformed character and was a huge help to The Sons of Struth in the beginning. “However, he accepts that for us to prosper and gain positive coverage it’s better he takes more of a back seat.” For years now the Rangers fans have been labelled as fractious. But Houston is adamant that’s no longer the case – and insists the ordinary supporter in the street now has a voice. With three simple aims, The SoS have outlined what they believe has to happen to safeguard the club’s future. And that means ousting the current board through a democratic vote at the agm where the likes of Paul Murray, Malcolm Murray, Scott Murdoch and Alex Wilson hope to be appointed directors. Houston said: “The majority of fans at our meetings are, like me, unaffiliated fans. So that told me the Rangers fans really didn’t have a voice. “All the guys you see with banners now aren’t a member of any fans’ group. They are just ordinary supporters who until now haven’t been able to have their say. That’s why we’ve attracted so many people. “The Sons of Struth have three main aims. “The first is to keep the stadium in the club’s name, which we believe is vitally important to the financial stability of Rangers. “The second is to have a clear and clean set of accounts. “And the last aim is to have a board to be proud of. “For too many years now we’ve had more stories on the front pages than on the back. And that has to change – we want to talk about football now. “We believe the Jim McColl and Paul Murray movement has many positives. But when it comes to appointing directors it should be the same as when Ally McCoist is looking for new players. “If there is a better right-back alternative to the one we already have we should look at it. It’s the same with the board members. “Are they better than the existing lot? Like them or loath them, I believe the four nominees are, yes. They won’t be there forever but those potential custodians are a better option to what we have at the moment. I challenge any Rangers supporter to prove me wrong.” Houston believes it’s shameful the club’s board has refused pointblank to engage with any fans’ group ahead of the agm. But having united the RST, Assembly and Association, along with other groups, the SoS spokesman has vowed to lobby the club’s investors – even if it means heading to England – to ensure they appreciate the strength of feeling among fans. Houston said: “I have been contacting Rangers FC for some dialogue with the board. I had an instant reply saying they would look into it. “That was months ago and I haven’t heard anything since. “I’ve had meetings with all of the fans’ groups and we’ll be working together moving forward. We’ve managed to bring everyone together with the one aim. That unity will be key to what we’re trying to achieve. “It’s not a popularity contest. We need help and don’t want people behind us. We want them shoulder to shoulder with us. “The directors know what our message is. But they won’t budge no matter how many banners I hold up in the main stand. “Our target audience between now and December 19 is the Rangers shareholders. We will do everything in our power to let them know what we believe. “We need to petition these people before the agm and if that means going outwith Glasgow, so be it. Most of the major investors in Rangers now are based around Canary Wharf. “And if we need to take the battle down to London we’re willing to mobilise.” http://www.dailyrecord.co.uk/sport/football/football-news/battle-rangers-fan-behind-sons-2913943

The Advertising Standards Authority (ASA) has upheld a ruling in favour of Rangers FC following an advertising dispute over whether the club should be allowed to advertise using the ‘Scotland’s most successful club’ claim. The ASA delivered its original ruling in June this year but after an appeal by complainants, the Independent Reviewer agreed that the case should be re-opened because a “valid question mark” had been raised over the adequacy of evidence submitted by the advertiser in the original investigation. However, following further examination, the ASA stood by its original ruling not to uphold 82 complaints that Rangers were misleading consumers by using an advertising slogan that said: “Join Scotland’s most successful club at Ibrox… still going strong… 54 titles… Rangers then… Rangers now… Rangers forever”. In a fresh adjudication, the ASA said it was confident that consumers would understand the claim was in reference to the history of Rangers Football Club, but did accept that that the club’s history was “separate to that of Newco”. “We consulted with UEFA, which explained that its rules allowed for the recognition of the ‘sporting integrity’ of a club’s match record, even if that club’s corporate structure had changed,” the ruling stated. “We also consulted with the SFA, which confirmed that its definition of a football ‘club’ varied depending on context, and could sometimes refer to an entity separate from the club’s corporate owner. “The SFA further pointed out that, following RFC’s transfer to a new corporate owner, Newco did not take a new membership of the Scottish FA but rather that previous membership was transferred across to them so they could continue as the same member of the Scottish FA. “We considered that consumer would understand that the claim in question related to the football club rather than to its owner and operator and therefore concluded that it was not misleading for the ad to make reference to RFC’s history, which was separate to that of Newco.” The question of whether Newco Rangers should be permitted to trade on the history of the liquidated company has been a bone of contention in Scottish football since Rangers’ financial collapse in 2012. The Drum understands that the ASA consider the decision final. http://m.thedrum.com/news/2013/12/11/asa-rules-favour-rangers-fc-advertising-dispute-following-appeal

A cloud cluckoo land thread on RM is questioning whether fans miss the old firm games. Very bizarre given it is the highlight of the season aside from occasional CL games. Watching us is absolutely terrible at the moment and I can't wait to get back in the SPL playing them again.

He and ex-board member Paul Murray – who is also a member of the group that is trying to win control at Ibrox – met with representatives of 60 Rangers supporters clubs in Belfast last night. And he didn't sugar coat the message that an institution that had designs on being kings of Europe less than 20 years ago remains on the precipice – 18 months after it entered administration. The future can be bright, however, with ambitions to play in a European Super League down the line – but only if the club is on a secure footing. "I personally think that the club is in danger if we don't get a win here," said Malcolm, who is likely to return as chairman if the vote on December 19 goes the way of his group rather than the current board being re-elected. "I don't see how it's going to be funded. The official statement from the last fans meeting with the current board said that they would have £1m cash left in April. "They spent quite a lot of that already in pay-outs so I don't know how much longer it will be before it runs out – probably before Easter if things don't change dramatically or unless they have investors lined up, which they haven't said they have. "We do have, both private and institutional investors, who will back us." The picture in Govan has never looked bleaker. Craig Whyte bought the club for a mere £1 in May 2011 from David Murray. By February the following year it was in administration and within six months Rangers found itself in the Scottish Third Division for the first time in its illustrious 140 year history. While things are improving on the pitch after last season's promotion success, off the field uncertainty remains. Paul and Malcolm are working to put Rangers back on an even keel and rallying the support of the club's Northern Ireland fanbase is crucial to them – hence the reason why they made the trip across the Irish Sea. Paul Murray said: "These are the customers of the club and unlike an English club, in Scotland the fans are the lifeblood of the club with the money they spend on season tickets, merchandise etc. "What I find disappointing is that last Thursday in Glasgow nobody from the current board came to address the fans and they didn't even reply to the email invite to come to Belfast, which I think is a really shoddy way to treat the customers."The fans saved the club last year and to not engage with them just isn't right." Their attempts to gain control of Rangers have met a number of barriers already. Paul was removed from the board almost three years ago. Malcolm was ousted as chairman earlier this year. They are, however, refusing to give up. Even in the last few weeks they have to go to the Court of Session in Edinburgh to win the nominations at the AGM. "I want to get involved to help save the club," said Malcolm (pictured). "This time last year there was a short period when we thought that things were looking pretty good. We raised £22m, had a clean balance sheet, had full asset ownership. Unfortunately with all of our difficulties most of that cash has disappeared on non-investment activities. "Investment activities mean spending money on the stadium or players – that's what a football club does – but the money has been spent elsewhere and it needs tight cash control for the future, new funding – which we have access to -and get the faith of the fans back." "This puts us in a position to go to any of the institutional investors who are still wavering and say we have the customers overwhelmingly behind our group to clean this up for the future. That's why it's important. "I was an institutional fund manager for over 30 years. In 30 years of trying to sort companies out this is the most complex situation I have ever seen, Ending up in the Court of Sessions in Edinburgh to get nominations at an AGM is outrageous and a waste of company funds. It could have been done months ago." It's only five years since Rangers were in the Uefa Cup final. Twenty years ago this season they were in what was effectively a Champions League semi-final against Marseille. Those days can return according to the Malcolm. He said: "Anything can happen, but we have to be in financial health to be involved." That's my mind made up then

Good to see this - apparently the booked suite holds 500 people!

New Rangers chairman David Somers has turned his fire on the ‘Gang of Four’ trying to shake up the Ibrox boardroom — and urged shareholders to vote down their attempted rebellion. Somers directly questioned the credentials of former chairman Malcolm Murray, ex-director Paul Murray, Alex Wilson and Scott Murdoch, the four ‘requisitioners’ seeking a place on the board. In an attack immediately described as a ‘smokescreen’ by the Murray-led group, the chairman — promoted from interim to permanent just last week — expressed doubt over whether they had even filed the necessary paperwork needed for the AGM on December 19. Arguing that they hadn’t obtained consent from the Stock Market or from the SFA, and that their nominations have not been properly proposed under the club’s own Articles of Association, Somers said: ‘There can be no guarantee that each of these individuals will be found to be suitable to act as a director of the company or that the board would be able to function properly.’ Under the plan being fronted by Paul Murray, with help from Jim McColl, the current five-man board will have to stand for re-election at the AGM. If they are swept from power, the new men would take control. A source close to Murray and McColl attacked Somers’ statement as ‘disgraceful’ and ‘a smokescreen using technicalities’, while confirming that all the nominations would be properly filed at least seven days before the AGM, as the rules dictate. The decision by Somers to seek popular support ahead of the meeting is interesting, partly because many had assumed that the board already had more than enough votes to quash Murray and McColl. Isle of Man-based hedge fund managers Laxey Partners, who increased their shareholding to over 11.5 per cent recently, pledged their support last week. That was considered to be enough to tip the balance against the requisitioners. If Somers is chasing votes, though, it may suggest a recalculation of exactly what is needed in order to stave off a popular vote for wholesale change at the top. Rangers manager Ally McCoist, meanwhile, has offered a positive assessment of new chief executive Graham Wallace, who saw the team win 3-0 at Arbroath on Monday night. ‘I’ve met Graham a couple of times now and things have gone very well,’ said McCoist. ‘We had our first meeting last Friday at Ibrox. I then got a phone call from him saying he had changed his diary and he was coming up to the Arbroath game. ‘That was great. He came along to the hotel, we had a cup of tea and I introduced him to the players. ‘It was very positive and the meetings we’ve had so far have been encouraging. He seems to be a football man, which I have to tell you I’m thrilled about. ‘Graham’s CV is as good as anybody’s. He’s Scottish, so he certainly knows Rangers, and I don’t have any doubt he knows what is required here to take the club back to the top. ‘The most important thing is the club. Our relationship is very important and, from speaking to Graham, all the indications are he’s very aware of the problems we’ve had in the past.’ Read more: http://www.dailymail.co.uk/sport/football/article-2514148/Rangers-chairman-David-Somers-hits-Ibrox-Gang-Four.html#ixzz2lpwVTcpS Follow us: @MailOnline on Twitter | DailyMail on Facebook

http://www.scottishfa.co.uk/scottish_fa_news.cfm?page=2986&newsID=12878&newsCategoryID=1 Not a surprise...

http://www.bbc.co.uk/sport/0/football/25023927 Fair enough if it's a football debt it should be paid but this is over a year after the event. Get it sorted once and for all!

RANGERS’ new chief exec is a former bigwig at English Premier League giants Manchester City, The Scottish Sun can reveal. Graham Wallace was chief operating officer at the 2012 champions until March. City sources said the 52-year-old Scot, will be unveiled by Gers next week after shaking hands on the deal with chairman David Somers last Wednesday. A source said: “There was a huge response to the advert for a chief executive but Wallace’s credentials blew away all the competition.” Chartered accountant Wallace, from Dumfries, saw off rivals including Dundee chief exec Scot Gardiner, who was also interviewed. He held top finance posts at a string of entertainment giants including MTV Networks Europe, Viacom, Nickelodeon, and IMG Media. Wallace, who lives in Buckinghamshire, was chief financial officer at Man City from 2009 to November 2010, then chief operating officer. He stepped down after the arrival of new chief executive Ferran Soriano, and has been doing consultancy work in the City of London since. The City source said: “He was waiting for the next top job and this is it. His skills and experience will help build Rangers’ global reach.” Wallace’s appointment is part of the current Ibrox regime’s attempt to shore up the board before a shareholders vote on who runs the club at Rangers’ AGM next month. Investment banker Norman Crighton, 47, was announced as a director yesterday.