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Had a look at the LSE today and noticed that there are numerous transaction that happen each day, albeit most are small. The largest that happened earlier today was 30k shares sold for a few grand. Are the RST and/or RF buying these small numbers? if not why not? Is it all about funds available ........ How and when do they buy?
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Great day for the Rangers first schemem , now sitting at over 2170 members , superb , hopefully this is just the start , I know there is an off line campaign starting soon which has been funded by separate donations.
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http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=GB00B90T9Z75GBGBXASQ1
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The Second Official Semi-Annual Gersnet Dinner (with Special Guest Star Dave Smith) will be held at Malaga Tapas, 213-215 St Andrew's Rd, Glasgow G41 1PD http://malagatapas.co.uk/ at 5.30pm on Saturday, 6 December 2014 (subject to alteration if the Rangers v Cowdenbeath fixture is moved). Rangers Hall of Fame Legend, Dave Smith, who played in our second and third Cup Winners Cup Finals, has kindly agreed to give a short talk on THE ROAD FROM NUREMBERG TO BARCELONA and will answer questions thereafter. (Edit 21/11/2014. Now that we have exceeded 20 persons we will have private use of the new café next door to the original restaurant. The owner, Cristobal has obtained a special licence for the event.) All the other arrangements will be the same as last time. The price of the dinner itself will remain at £18.00. However, in order to cover the cost of Dave’s dinner, the final price will be £19.50. The sharp mathematicians amongst you will note that this is based on a “minimum” of 12 people attending i.e. the same as last time. If we get less than 12, then those present will have to make up the difference; if more than 12, then the balance will go into the drinks kitty. The dinner price really only covers the standard Malaga Tapas deal, which is for 3 tapas per person and a dessert of your choice; however, in our case it will include a primer plato of meats and bread and choice of paellas after the tapas. Again, as last time there will be at least 6 different tapas, x3 per person and three different paellas. If anyone has any particular favourites on the menu http://malagatapas.co.uk/menu/ please post and Cristobal will do his best to oblige. I don’t think anyone will go hungry. To quote GS “Never seen so much food as was at Malaga” Deposit & Payment Whilst it would be easier if everyone paid the full amount up front, I am happy to take a £10 deposit p/p by the end of this month and the balance whenever it suits before the event. For those who were there last time, the bank details are the same. Newcomers pleased PM me and I will supply the bank details. When making any payments please use your Gersnet nom de plume as a reference and PM me a confirmation with your full name and a contact telephone number. (I lost most of the details I had when my phone went into sick bay.) I am very confident that with your support we will build on the success of the first dinner.
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BRENTFORD are ready to spark a January transfer scramble for Rangers star Lewis Macleod. SunSport understands the Championship side are poised to make a £1million move for the Ibrox kid. And that could see a host of English clubs enter the bidding for the Scotland squad member. Macleod has caught the eye of Championship promotion hopefuls Bees. Rangers legend David Weir is No 2 there and is fully aware of the 20-year-old’s potential. But several other English clubs, including Premier League strugglers Burnley, are keen on the midfielder. Blackburn were also set to make a bid before being hit with a transfer ban.
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19 December Rangers International Football Club plc ("Rangers" or the "Company") Appointment of Chief Executive Officer Existing Board member Derek Llambias has been appointed Chief Executive Officer of Rangers with immediate effect. Derek joined the Board on 2 November 2014 as a non-executive director. In line with the cost cutting exercise announced on 12 November 2014, Mr Llambias's remuneration will be significantly lower than previously offered for this position. Additionally, David Somers will now revert to his previous role as non-executive Chairman. Commenting on the appointment, David Somers said "I am delighted that Derek has agreed to step up to the Chief Executive role. This is a successful outcome to the process, announced on 27 October 2014, which involved interviewing a number of high calibre candidates. Derek has impressed us with his grasp of the issues since joining the group and brings a wealth of experience, particularly from his time at Newcastle United, which we feel confident will be invaluable to Rangers. ************** " which involved interviewing a number of high calibre candidates" Did it f@ck.
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Just had a look at RF members vote on AGM resultutions. 5% either voted for Easdale or withheld their vote, for Somers it was 12%. We certainly have a problem within our support. I would have thought that within supporters who are actually buying shares the result would have been 0%. Why would any fan want these two cretins anywhere near our club? RF members also voted by large majorities against resuloutions 8 & 9.
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http://www.dailyrecord.co.uk/sport/football/football-news/ally-mccoist-rangers-board-must-4847930 If you were in any doubt that McCoist isnt deluded then his latest outburst should set you straight. This is from a man who with a 20 million pound wage bill and a remit to take us up through the leagues wilst building a team to compete at the top level of scottish football. I have to ask a couple of questions here : Why are there 12 players out of contract in the first place? and which ones would you actually keep ally?
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Union Bears As you will know, the group took the very difficult decision back in May not to renew our season tickets due to the selfish, malicious and borderline illegal actions of our club’s current and previous incumbents. This was a decision echoed by nearly 15000 season ticket holders and the crowds at Ibrox so far this season have reflected the feeling of many Rangers supporters. We watched with hope and expectation as Dave King submitted his £16 million offer of funding in exchange for a majority stake in the club. We then watched with resignation but not shock as Mike Ashley and his friends within the Board room blocked this move and instead pushed through Ashley’s £2 million emergency loan secured against Rangers assets and on the premise of complete Board control. Like all other supporters, we wanted a clean break from people like Charles Green and his murky investors, but it is clear this isn't going to happen. It therefore brings us to a crossroads, as a group and as individuals. Mike Ashley has his grip firmly on the throat of our beloved club and nothing and nobody will make him remove it, as has been demonstrated in his time in charge of Newcastle Utd. It has thrown up a pertinent question which must be answered by not only us but every Rangers fan. Do we maintain our boycott for potentially years in the hope that someone saves us? Or do we elect to support the team on the park and explore other ways of enforcing change at Rangers? After much discussion we have elected to follow the latter path. As of 03/01/2015 we will be returning to the stands on a permanent basis. This is not a gesture of support for those now in charge of our club, nor is it an admission of defeat. It is simply a change of tactic. As a passionate group of supporters whose best attributes lie in what we achieve in and around the stadium on a matchday, we feel hamstrung by our absence and therefore the group needs to go back to being present within Ibrox. We have tried to boycott, to fall in line with other fan groups who have done their level best to encourage change within the club. But in reality all that has taken place over these past few months is a strengthening of Mike Ashley, Sandy and James Easdale, David Somers and many others’ positions within Rangers. It’s the sorry truth. We would like to make it clear that we will not be attending the League Cup semi final as a group, and feel it would be wrong to take tickets ahead of fans who have been attending games on a weekly basis. As we won't be attending as a group, it will make it impossible for us to pull off a display. We would therefore ask all Rangers fans to do their bit by making our end as colourful as possible, with flags, banners, streamers and anything else they can. We will however be planning more displays between now and the end of the season, and look forward to bringing some noise and colour back to Ibrox. Although we return to Ibrox on a permanent basis we won’t be doing so as supporters of the regime. Yes our money will be going towards their bonuses and onerous contracts in the short term, but the Union Bears will throw our weight behind another path towards long term change and that is fan ownership, and more specifically Rangers First. Rangers First is a Community Interest Company which was established at the beginning of this year with very simple goals; to gather together the financial clout of the Rangers support, purchase shares in the club and ultimately put it back in the hands of those who matter. Rangers First already owns over 500’000 shares in RIFC (roughly 0.6%) without any real offline publicising. As a group we hope to support them in the ways that we do best as they move forward towards greater awareness and support for fan representation and ownership. Of course we urge all those who stood with us in BF1 over the years to ask themselves the same question we did and decide what the future holds for you with regards to match attendance. But we will not try and influence your decision in any way. It’s an individual’s choice to make. What we do urge every singly Rangers supporter to do is visit http://www.rangersfirst.org, learn about the initiative and sign up. Put the money you used to spend on Rangers merchandise and funding Ashley's empire of zero hour contracts into something worthwhile. The strength of our support should not be measured or remembered by how many of us turn up at Ibrox or elect to stay away in protest, but rather by the lengths we will go to right the wrongs of those before us and stand shoulder to shoulder with one common goal; delivering the Rangers we all deserve. We owe it our children and grandchildren. If you would like to join the group in BF1 for the second half of the season then please send the following details to transfers@unionbears.co.uk or as a message to the Union Bears Facebook page: Full Name: Address: Date Of Birth: Contact Number (Mobile & Landline): Rangers Number: Do you have a season ticket already? (Yes/No): Union Bears
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A sneering piece that seems to relish in denigrating us. I can't say it is wrong though. http://www.dailyrecord.co.uk/opinion/sport/keith-jackson-cold-hard-cash-4683056? Keith Jackson: Cold hard cash will determine Ally McCoist's future at Rangers Nov 24, 2014 08:03 OPINION BY KEITHJACKSON KEITH says that cash has always been the answer to Rangers' woes but asks, will the club be able to fork out to the cash needed to axe Ally? IN the end it will all come down to money. That is the Rangers way after all. This is a club which through the years has gorged on a diet of hubris and largesse and which bloated itself with mantras such as, “For every fiver Celtic spend we’ll spend a tenner”. It might just be the only business in the history of insolvency events to have allowed this spend-at-all-costs mentality to survive the catastrophe of liquidation. It’s drilled down so deep into the club’s DNA that it has become the answer to almost every problem it encounters. Whenever Rangers are in trouble the default position is to spend more and buy their way out of it with another fistful of Aye Readies. Few have been so steeped in this tradition as manager Ally McCoist, who earned stripes as a homegrown hero at Ibrox in the days when money really did seem like no object. A £185,000 legacy of more austere times, McCoist not only survived the Graeme Souness revolution but went on to thrive in this new environment and whose phenomenal goalscoring exploits made him a priceless commodity throughout an era unrelenting cheque signing. Back then, McCoist was the exception to the rule. Today his fate is governed by it. Because the only bottom line that counts right now as far as the position of the Rangers manager is concerned is the huge sum it will cost to remove him and his backroom staff from the dugout. Even going by the most conservative of estimates, the costs involved in the bagging of the management team would run a long way north of £1m and right now that’s money this ravaged club simply does not have. The very notion that such vast sums could be ring-fenced for severance payments would certainly cause further distress to auditors Deloitte – who have still not signed off the club’s latest accounts and are fast running out of days in which to so do. In fact, in order for an agm to be held before the year end as Stock Market rules dictate, Deloitte really ought to publish these latest numbers by no later than Friday of this week. The under-fire regime would then have a further three working weeks before being shoved out in front of shareholders just days before Christmas. It is already a damning indictment of the state of the club’s financial affairs that Deloitte have so far failed to put their name to these accounts and the longer they dither the more reason there is for concern. The truth is, Rangers are right back on the brink even though many supporters took comfort from watching Mike Ashley muscle his way into total control of the board room earlier this month. Recent history shows that in times of Ibrox panic there is nothing like a billionaire – radar detectable or not – to settle a few nerves but now Ashley has powered his way into the box seat there are serious decisions for him to make. What Ashley’s minions, Derek Llambias and Barry Leach, have discovered since they were dispatched to Glasgow and placed on the board may well have horrified them. The Sports Direct man did not become a billionaire by funding lost causes and yet that’s what he is now being asked to do in order to satisfy Deloitte the club is able to continue trading. If Ashley is not willing to offer up guarantees for several millions of pounds Deloitte may have to “qualify” these accounts – a development that would prove disastrous for the reputation of almost any other company but which, given the state of all things Rangers, would merely add another layer to the farce. So far Ashley has agreed to drip feed Rangers with short-term loans in order to protect and strengthen his commercial contracts with the club. He has not just been saving Rangers with these handouts – he has been strangling them at the same time. Will he now be prepared to change strategy to fund them for the longer term because, if not, Rangers will be hurtling towards another insolvency. And, as major creditor, Ashley will be in complete control. But if, on the other hand, he opts to wade into this mess and bail it out for the long run what will that mean for McCoist? That’s the other question over which Ashley will have to chew this week because if he does decide to underpin this broken business he could also provide it with the cash needed to call time on McCoist. Ironically, that might buy him some goodwill among a growing group of Rangers fans who have lost patience with their manager and who, at Tynecastle on Saturday, voiced their desire for him to do walking away. Or a version thereof. That 2-0 defeat was the last straw for many and it might even be argued the majority of these fans have lost faith in McCoist now the football side of this business is finally getting serious and requiring urgent attention. They simply don’t believe McCoist can recover the nine points which separate his side from Hearts and some of them suspect he may not be capable either of gaining promotion to the top flight through the end-of-season play-offs. The single-minded McCoist, it must be said, will disagree entirely. Often over the past three years he has reacted angrily to any suggestion he is failing in his duties and I say that as someone who has felt his full wrath from the other end of a phone on many occasions. But, at the risk of another fall-out, I’ll say it all again. When Rangers first reappeared from insolvency in the lowest tier of the Scottish game, McCoist wasted an opportunity to reinvent his team and introduce it to a contemporary, passing style of football – much like the template Swansea used on their journey up through the various English leagues. Instead, in true Rangers tradition, he spent mind-boggling amounts of money on the recruitment of players who had no place operating at such a lowly level and who often looked as if they had no great wish to be there. But whether he stays or goes at this stage, with his journey not yet complete? That’s something only the money men will decide.
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I speculated that this was worth a thread on its own. Apologies if not, admin....merge it with Whyte Arrest warrant. However, it is a different revelation (though it may be connected, of course): "In a further development, The Daily Telegraph understands that while Wallace and Nash were still in their posts, documents related to the 2012 share issue were passed to the Serious Fraud Office for investigation. The SFO had no comment to make." It is tagged on here; http://www.telegraph.co.uk/sport/football/teams/rangers/11231964/Former-Rangers-owner-Craig-Whyte-issued-with-arrest-warrant-as-four-others-are-detained-by-police.html
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Following some requests from members to introduce a £5 per month option to subscribe to BuyRangers we are pleased to announced that this option is now available. Since being launched this morning (25/10/2014) we have been particularly busy and had many sign ups with many opting for the bigger amount. There is also the option of a one-off payment of £125 available on our website as well. All information can be found at http://www.therst.co.uk/buyrangers
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As predicted by yours truly, Mike Ashley has moved into pole position in the race to wear the crown at Ibrox. With Dave King out of the running, despite protestations to the contrary from King himself, it looks like Rangers’ future is in the hands of the sporting goods magnate. If we are being really honest, there are no other viable options available at present. As I predicted, King took advantage of the timing factor to be first to the table in offering a package but in doing so he fell into Ashley’s carefully laid trap. In a financial gun fight between the two, King lacks the firepower and. although a wily operator, is arguably seriously deficient to Ashley when it comes to strategy and street smarts. It is believed that Ashley’s proposal entails a loan which allows him to have Rangers by the short and curlies without straying into increasing his shareholding and thus having to overcome SFA objections to this. Ashley will, it is believed, demand the removal of Philip Nash and CEO Graham Wallace, whose alignment with Dave King now looks to be an ill-thought-out manoeuvre on their part. Dave King’s ongoing involvement in the Rangers saga should now be consigned to history as it has produced nothing but unrest and uncertainty, especially among more anxious members of the support. With Sandy Easdale holding a 26% voting block of shares and purportedly a backer of Ashley over King, it looks like the Londoner’s bid for power will prevail. It is vital that Rangers fans unite behind the club now and support the team in its drive for promotion. The quicker Rangers are back competing in the top tier. the better for the whole of Scottish football, as well as Rangers in particular. It may be too much to expect Dave King and his colleagues to urge fans to back the Ashley regime at Ibtox; however, it is certainly reasonable of loyal fans to expect that King and his cronies will cease and desist from attempting to disrupt the club with pointless boycotts and petty sniping. Mike Ashley has the resources to back Rangers and make them a big club like before, even bigger. That is why it is no surprise to see the Rangers-hating press in Scotland oppose his further involvement. He also has plenty of time to become a “Rangers man” and take the club to heart. That might be more likely if those with a “**** Complex” can overcome their fears of people of high net worth and let the guy get on with building Rangers up. The inevitability of the big man in the fight overcoming the wee guy is now the scenario at Ibrox. King has made his play, sincere or not and has no other viable card to play it would appear. Ashley’s tanks are parked on Ibrox lawns and it looks like he wants to make Ibrox his base. Far better for Rangers and really bad news for the club’s enemies if the guns are pointing outward. http://billmcmurdo.wordpress.com/2014/10/24/enter-the-big-guns/
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Talking to Rangersitis (nice meeting you btw.) on Saturday afternoon we both debated whether it can be stopped via Sandy Easdale's proxy bloc and Ashley's holdings. Few things: 1. Will it be considered a resolution or just a simple loan authorised by the board? 2. Or will Ashley and Easdale bloc this through their voting rights on special resolutions? 3. By blocking the loan if it is seen as a resolution will concert party rights be triggered 4. By calling the EGM it looks to me as though the voting percentages won't matter here and that's why Ashley's calling the EGM in an effort to prevent the vote going through at a typical board meeting Would any of our more informed Gersnetters like to set us right?
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...the Ibrox throne is big enough for Mike Ashley and Dave King. AS King and Ashley continue to vie for control at Rangers, KEITH insists it may be in both men's interests to discover a common ground that incorporates the interests of the club and its fans. THEIR tanks have rumbled into Edmiston Drive, ready for the climactic Rangers shootout. But before Mike Ashley and Dave King begin blowing each other to bits outside the Big Hoose, perhaps it might make more sense for them to find a better way. Maybe, before the guns start blazing, there is a chance for them to discover common ground. Of course, that would require a bit of common sense and where this club is concerned there is seldom any place for sound logic. But let’s indulge ourselves for a moment in any case and pretend that the two men, who seem so willing to go to war over Rangers, may still be capable of some eleventh-hour reason. Ask yourself this. If you were Ashley why on earth wouldn’t you want King to take control? Those closest to the Sports Direct boss – and even those Newcastle fans who can’t stand the sight of him – all agree that his primary focus is on protecting and expanding his bargain-basement retail business. Which makes perfect sense. Okay, so Slazenger polo shirts and laceless Lonsdale trainers might not be everyone’s giant novelty mug of tea but Ashley’s firm has always been more Buroo-lander than Zoolander. It’s a high street jumble sale and it’s made the man a fortune. This real-life Derek Trotter is a genuine billionaire. Not like the last one who, for all anyone knows – including Glasgow’s finest for that matter – may be currently strolling around some town centre in Panama dressed in Lee Cooper and Le Coq Sportif. He always did have a bulging eye for a bargain. But be that as it may, Ashley deserves to be taken a great deal more seriously. Which is precisely why now might be the ideal time for King to sit him down for a chat, assuming of course that he really is serious about handing over so much of his children’s inheritance. King has not always convinced and not just because of the 41 criminal convictions for stiffing the tax man which have stained his name in South Africa. His PR has been poorly thought out and his strategy over the last 12 months impossible to fathom as he has tip-toed around the edges of this farrago without ever looking prepared to get his feet wet or his hands dirty. But finally he has waded back in, promising an initial £16million bailout and more millions to follow. For that reason alone he deserves to be taken seriously, even by those who continue to doubt him. If Ashley counts himself among those cynics, what would be the harm in asking to see the colour of his money? Because if it really is the case Ashley is interested only in what is best for his own business, there is no reason for this pair to remain hostile over the running of Rangers. Yes, in an ideal world, King may wish to walk into Ibrox on day one and rip up the retail contract Ashley is apparently so determined to protect. This seven-year kit deal, of course, was gifted to him by Charles Green and has been described by those who have seen it as a ludicrously generous and one-sided agreement. Green later wasted a small fortune of Rangers money on legal fees in a failed attempt to have it annulled but the consensus is that this contract is watertight. In other words, Rangers have already sold the jerseys to Ashley and there is nothing King or anyone else can do about it, even if it means the loss of millions of pounds. And this is where logic ought to kick in because if Ashley wants to keep coining it in from shirts and merchandise then surely King’s arrival as a potential saviour stands to make him even richer? King, after all, is perhaps the one man capable not only of uniting a fractured Rangers support but also prepared to throw good money after bad in the reconstruction of a club which continues to hang by the thinnest of threads. If indeed there is enough cash left in the bank to cover this month’s payday then November’s could be a killer. But only in this omnishambles could a business that is wheezing and gasping for breath continue to keep a £30m life-saving injection so stubbornly at arm’s length. King wants to save them. But he can’t get his money bags across the front step. And, yes, logic dictates that Ashley must see the sheer lunacy in this. Over the past few months around 15,000 Rangers fans have gone missing from Ibrox. The numbers are so large that they have blown a hole in Graham Wallace’s attempts to keep the business afloat. And there is a danger many more thousands will follow if Ashley guns King down in the battle for control, while also boycotting his stores. However, if King was to walk back in, flanked by fellow lifelong supporters such as Paul Murray and George Letham, then it is almost certain business will begin to boom again at the turnstiles and in the club stores which Ashley also now has firmly in his grasp. King plans to plough £8m into the coffers with Murray, Letham and a group of wealthy fans cobbling enough together to match him pound for pound. Straight off the bat, that’s £16m that Ashley doesn’t need to bother looking for down the back of his office sofa. There will be more to come as King intends to invest his whole £30m in returning his club to a fit and competitive state and to restore a stadium which, much like the team, is in a state of decay. This is King’s manifesto and so long as he can convince Ashley he is for real and that the money is there and good to go, then both Rangers and Sports Direct stand to benefit from it hugely. So tell me, what possible logic is there in Ashley blowing this man away? The answer is, there isn’t any. Or at least, none that is obvious from the outside of this wretched mess. Which means there must be something hidden from view, perhaps even something deeply suspicious behind the naked act of aggression earlier this week which saw Ashley set his sights on Wallace and Philip Nash, the men trying to facilitate King and his consortium. What else is there to hide here? Surely nothing that stretches back to when Ashley climbed into bed with Green in the first instance and began this merciless pumping of Ibrox? Come to think of it, who on earth did bring these two together? He already owns the strips and the shops which sell them. He bought the stadium’s naming rights for a quid. And had Wallace not grown a pair last month then he would have owned the club’s badges by now as well. But it’s hard to see the value in any of it if Ashley’s power grab does indeed drive more and more of the customer base away. In fact, it will cost him millions of pounds in emergency loans just to continue to light up an increasingly empty stadium. If he’s not careful he could end up sitting alone in the directors’ box with only his drinking buddies, Sandy and James Easdale for company and if that thought doesn’t terrify him then it should. This club is broken and it needs fixed, not by a bunch of Trotters Independent Traders but by those who genuinely care for it. If Ashley cannot, or will not, see the logic in that then it will indeed be time to clamber back into the tanks. http://www.dailyrecord.co.uk/sport/football/football-news/keith-jackson-another-rangers-war-4411056
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Candidates who received the most votes are: Scott Reid Richard Scott Andy McLintock William MacIntyre Ricki Neil
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The Rangers Report Podcast sat down with Richard Atkinson of Supporters Direct Scotland to discuss the prospects of Rangers First. Give it a listen as you decide whether or not you plan on investing in the fan ownership plan. You can listen on Podbean or iTunes. Plus we'd love to hear some feedback on the pod as we incorporate more guests going forward. WATP
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Hey blue - the RST need to give an announcement about making themselves **** fools - wasting the fans' money @ 20p when their share scheme clearly states it's objective to be owning a significant voice. Rangers First used their members' money @ 20p to support the regime when it was clear to anyone it would fall below that and their members could have owned more today. That is even before we wish to talk not supporting the regime at all. I wonder if Rangers First will give an announcement of their decision.
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1. if there is so much unhappiness with the regime? 2. If the vow is to get as big a %age as possible to have a meaningful voice for Buy Rangers, then buying at 20p was never gonna be a good idea.........the market price was always gonna fall as a bigger pool of shares owned exactly the same business - they could have hoovered-up more at any subsequent release with the members' hard-invested. (can the protestors/boycotters/nae-sayers say why they ever thought the RST decision to do this was a good one?). I've asked before, but never had an answer I could believe - why invest in Greenco now instead of waiting with the funds?????
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I dont know the exact figures on this , but on the rangersfirst page there is a rolling screen of whos recently joined , and I have been watching it quite closely over the last few days , its been amazing to see the number of fellow fans that have been joining not just at the fan level, £5 a month, but at the supporter £10 and founder £18.72, levels , plus amazingly the life members and an amazing number of donations , where you dont need to sign up for any set monthly amounts but can donate one off amounts. Add in all the retail partners they have signed up , it is actually very impressive , anyone not checked out the rangersfirst retail section really should do so , any purchases made through the links , rangersfirst get a % back .
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The video -
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http://www.gersnet.co.uk/index.php/latest-news/272-rangers-being-held-hostage-stockholm-syndrome It’s been a stressful week for those interested in the well-being of Rangers Football Club. Not only does the club admit to the Stock Exchange that if the latest share offer is under-subscribed it will be unable to pay its creditors; we have key board members who represent the interests of the vast bulk of existing shareholders conceding that his and our CEO’s intentions are different, confirming a split at board level. Meanwhile the negative detail of each onerous contract placed upon the club are drip-fed to concerned fans on a week-to-week basis: from retail deals where the money is yet to be released to our struggling accounts to stadium naming rights which appear to be the result of self-interest rather than good value. Never has it been more obvious that our club is being held hostage to the whim of chancers. Yet, bizarrely, almost in a comedic fashion, we have some fans absolving these people of blame. Wikipedia describes Stockholm syndrome, or capture-bonding, as ‘a psychological phenomenon in which hostages express empathy and sympathy and have positive feelings toward their captors, sometimes to the point of defending and identifying with them.’ The syndrome itself is named after the Norrmalmstorg robbery of Kreditbanken in Stockholm, Sweden, in which several bank employees were held hostage in a bank vault from August 23 to 28, 1973, while their captors negotiated with police. During this standoff, the victims became emotionally attached to their captors, rejected assistance from government officials at one point, and even defended their captors after they were freed from their six-day ordeal. Ok, I’ll admit at the outset the analogy is a bit strong but if we examine the last few years – from the excesses of Sir David Murray to the actions of Craig Whyte right through to the present day incumbents, there are examples of the above. These include the eyes-wide-shut worship of Murray onto the lauding of Whyte’s supposed net-worth despite all the evidence to the contrary at the very outset to some fans insisting the ‘current’ board are not to blame for the club’s position now. Indeed, not only do we have bloggers continue to suggest Charles Green remains interested in the well-being of the club but we have various fans eager to hold their own as culpable in Rangers’ problems. Apparently it’s Dave King, the Union of Fans or Sons of Struth’s fault that the club cannot pay its bills. Similarly, possible investors such as Dave King who has proven his good intentions to the tune of £20million previously are mocked and pushed away. Conversely, some supporters are eager to extoll the virtue of Mike Ashley’s ongoing involvement despite many Newcastle fans being desperate to rid their club of him. He’s a billionaire they cry – without acknowledging the reason for his success is the kind of questionable retail and naming deals he strikes with clubs such as ours. Let’s be clear: the future of the football club is again in serious question and the danger should not be under-estimated. There has been a shortfall of at least 12,000 season tickets and it’s this lack of working capital that is directly impacting upon the club’s ability to trade. Thus, those that suggest the fans are to ‘blame’ for the financial problems are at least partly correct but the reasons are worth examining as well as the club’s inability to address this serious problem. Never has it been clearer that our money runs the club year on year – not Sir David Murray’s, not Craig Whyte’s and certainly not the anonymous investors currently in control of it. Therefore, engaging with the support should be a priority for any regime looking to make a success of the club. For all his faults, Murray realised this and while he was by the dominant partner in that relationship, we did have a nominal seat at the table and aside from a few small issues (comparatively speaking anyway!) crowds were always high and only his cowardice led to the Whyte debacle. Yet even in the dark days of that era attendances didn’t drop and after administration we had capacity crowd after capacity crowd. The same can be said after we fell to Division Three – our support did not dissipate and our loyalty should never be questioned. Not by anyone – least of all our own. Unfortunately the last year or so has seen attitudes change: not due to fans becoming lazy or greedy but because of a combination of factors. Firstly it become clear that much of the substantial monies raised in backing the Charles Green ownership were wasted and his associates less than ideal custodians of the club. In the face of this criticism, board changes were made and supposedly extensive reviews into the business carried out but the paucity of these contributions didn’t provide much solace. A poor quality (or at best inconsistent) product on the park wasn’t helping but promised changes highlighted in the review to address this have not been forthcoming. Thus, reluctantly, and by way of protest, many fans chose to withhold their investment and, if we’re brutally honest, that’s understandable. Generally, the last year has seen fans become ever more frustrated with their club and increasingly obvious evidence that the incumbent board – or more accurately the decision-making investment groups – cannot turn things around. Not just in terms of the £30million investment talked of in their empirical reviews but the kind of credible and transparent leadership required to rebuild trust in the boardroom and entice fans back to Ibrox. With almost 250 staff members and overheads of aging stadiums, training grounds and dilapidated white elephant buildings, is it any wonder a new administration event looms large on the horizon? Consequently, where does that leave us? Well, I’d suggest we have two distinct pathways ahead. One: if as seems likely, the share offer is subscribed enough to defer our problems to another day; we’ll have the fait accompli of 75% share-holding levels for approval of AGM/EGM resolutions related to the sale and/or leaseback of club assets ¬– such as the Auchenhowie training ground which has consistently been ignored by club representatives when talking about such revenue sources. Or, two: investment groups are able by way of this issue to consolidate their holdings enough to enable a sale to other interested parties. Now, I won’t try to predict the outcome but I’m certain both the existing ownership and the likes of Dave King and/or Mike Ashley will have planned for these eventualities over the last year. The events of the last week won’t be a surprise to them. What is easier to predict is that without one of these outcomes an insolvency event is inevitable as things stand. However, misguided suggestions that this may be an agreeable solution make me uneasy. For example, will onerous contracts be removed by this process, would ownership be guaranteed to change after it and what of the club’s league position after the fact? We don’t know so, simply put, no-one should look at administration with anything other than horror. On the other hand, neither should fans be emotionally blackmailed into providing what appears to be an ever-more toxic board and ownership with a mandate to stumble on in charge. The time for making excuses for these people has long gone. There is no defence of Charles Green and, whether he’s still involved now or not, his associates on the ‘current’ board are equally tainted by their deficiencies. With that in mind, what options are available to fans? Not many is the desperate answer. Yes we have worthy share initiatives like Buy Rangers and Rangers First but with further financial uncertainty abound, can we really expect fans to invest in shares after the events of 2012? Even so, we absolutely must consider such projects with an open mind but with the greatest will in the world, they’re arguably not a short term solution. Nevertheless, possibly buyers engaging with these groups going forward would go a long way to cementing the fans’ contribution in a better future. Indeed, it’s only through that kind of undertaking that we may finally achieve the kind of bond between supporters and ownership that has been missing for so long. Unfortunately, such a positive conclusion seems difficult to attain. The coming weeks and months will define the future and it may well be beyond the fans abilities to impact upon this. Nevertheless, neither should we be held to ransom by people who will never understand the love we have for our football club. We have a choice and while I’d never begin to tell my fellow fans what to do, at some point we have to stop identifying with people who don’t share our love for our club. In that sense Stockholm syndrome is not a workable survival strategy – it just prolongs our inability to escape from the status quo and it’s that kind of clarity every fan needs for our battles ahead. Either that or be held prisoner forever.
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NICKY CLARK today warned fit-again Kenny Miller he has a fight on his hands to win back his place in the Rangers first team. Miller returned from a spell out injured in the SPFL Championship match against Queen of the South at Ibrox on Saturday. And the 69-times capped Scotland internationalist came off the bench and netted a well- taken goal in a thrilling 4-2 victory. The experienced star will now be looking to renew his partnership with Kris Boyd when Rangers play Raith Rovers at Stark's Park on Friday week. But Clark, who was picked to play up front when Miller was out injured, is hoping he will be able to retain his berth in the starting line-up. "I have definitely got some confidence in how I am playing at the moment," he said. "It is always good for a striker to get off the mark early in the season and I have done that. "I am sure Kenny will be keen to get into the side now that he is fit once more, but my job is to make it as difficult as possible for him. "I want to give the manager a headache and I will work as hard as I can in training and in the matches I am picked for to do that. "I have no doubt that Kenny will be doing exactly the same as me. There is a lot of competition for places at the club just now and that is healthy. "I am sure that Big Jon (Daly) will be back soon and it will be even more difficult to get a game in the team in one of the forward positions. "But that is the way it should be at a massive club like Rangers. I am enjoying my football and am hoping to play my part in the rest of the season." Many Rangers supporters predicted Clark would struggle to get a game when Boyd and Miller arrived on free transfers during the summer. However, he has been nothing short of a revelation for Ally McCoist's men in his appearances during the 2014/15 campaign. The former Aberdeen and Queen of the South player has netted two goals against Falkirk and Dumbarton in five competitive outings. He has, though, contributed much more than just goals for the Glasgow giants in the league and in the cup competitions this term. Clark has shown an impressive work rate and has laboured tirelessly to carve out scoring opportunities for his team- mates. He failed to hit the target as Rangers came from behind to triumph against his former club at the weekend - but was still named as Man of the Match. Slowly but surely, the man who was the leading goalscorer in senior football in Britain two seasons ago is starting to prove his doubters wrong. The forward only hit the target for the Light Blues on eight occasions last season and often failed to impress supporters. McCoist feels the arrival of proven goalscorers Boyd and Miller has actually helped Clark and the striker concurs with his manager. HE said: "Playing with guys like Boydy and Kenny and Jon Daly as well can only help to progress my career. They have got a wealth of experience. "They talk to me in training and they talk to me in games. To be honest, I'm absolutely loving playing with all three of them." Clark knows how difficult it can be for a new player to adapt to life at Rangers after failing to produce his top form last season. So he has been greatly impressed with how former Cowdenbeath and St Mirren defender Darren McGregor has acquited himself in the past month. The centre-half has played in all seven of his new club's matches this season and has been utilised out of position at right back while Richard Foster has been sidelined. Clark said: "Darren has done really well for us. He would prefer to play at centre-half, but you will play anywhere for Rangers when you are asked. "But he has taken it all in his stride and is playing some good football. He is defending well and getting up the field as well. I am delighted for him." http://www.eveningtimes.co.uk/rangers/clark-ill-make-it-hard-as-possible-for-kenny-to-get-in-rangers-178668n.25212530