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THE displays of the Rangers team on the park last week were cause for optimism down Ibrox way. Ally McCoist's side netted 12 goals in their two competitive outings and put their shaky early-season form well and truly behind them. The size of the crowds in the home games against both Clyde and Dumbarton, however, were reasons to look towards the future with trepidation. And the attendance at the SPFL Championship fixture with Dumbarton on Saturday afternoon was particularly alarming. For the league meeting with the Sons was perhaps the best chance so far to gauge what the turnout will be like at Rangers home games in the 2014/15 campaign. The Petrofac Training Cup matches with Hibs and then Clyde were always going to attract smaller crowds due to the stature of the competition and the size of the opposition. Much was made of the fact that only 11,190 supporters filed through the turnstiles in the 8-1 victory in the latter game last Monday. It was the lowest Ibrox attendance at a competitive fixture for 29 years. Yet that encounter with part-time opponents from the bottom tier of Scottish football was - despite Gers great Barry Ferguson being in charge of the opposition - expected to draw that sort of response. There were 43,683 in the Championship opener against Hearts a fortnight ago. But there were special circumstances surrounding that fixture. The League One flag was unfurled and the Govan Stand was renamed in honour of Sandy Jardine before kick-off. Plus, the first game against age-old adversaries Hearts after two long seasons of often uninspiring outings against our national game's lesser lights was guaranteed to put a fair few bums on seats. No, the Dumbarton game at the weekend was a far better barometer of what size the attendances - and, in turn, the gate receipts -will be for Rangers in the weeks and months which lie ahead. And the fact that only 31,175 turned up on a perfect afternoon for football must be worrying for both those who follow the fortunes and those who control the purse-strings at the troubled Glasgow institution. It was the lowest turnout at a league game at Ibrox since 24,177 fans watched Rangers defeat Falkirk 4-0 thanks to a Robert Fleck double and goals from Davie Cooper and Terry Butcher on December 13, 1986. A home game against Methil minnows East Fife around this time last year drew 42,870. No company can have nearly a quarter of their customers disappear in the space of 12 months without drastic consequences. Even if all of the 34,000 fans who bought season tickets to see Rangers in League One last season had renewed this summer, the club would still not have had enough money to see them to the end of this term. So for just how long will the Light Blues be able to limp along with just over 20,000 season book holders and fewer than 10,000 turning up and paying at the gate on match days? There are ambitious plans for Rangers to hold another share offering in the very near future and the hope is to raise in the region of £4million of much-needed capital from that. But with shareholder Sandy Easdale and wealthy fan George Letham due to have loans totalling £1.5m repaid, financial experts have predicted that will only sustain the club until the end of the year. The ongoing lack of clarity over Rangers future off the field is overshadowing the fact that on it they appear to be getting their act together after some poor performances. They brushed aside Dumbarton with ease at the weekend thanks to strikes from Lee McCulloch, Darren McGregor and Nicky Clark. An own goal from Chris Turner aided their cause considerably. Bilel Mohsni, who was highly fortunate not to be red carded by referee Brian Colvin for his trip on Scott Agnew, also turned the ball into his net late on to give the sizeable travelling support a reason to cheer. That lapse of judgment by the Tunisian, though, could not wipe the smile from McCoist's face after a highly satisfactory performance by his charges from front to back. He said: "The skipper played in central midfield and chipped in with a goal, Nicky got a good goal and our right-back played well and scored a great goal. "To be scoring goals is always good. But to be scoring goals from different areas is an added bonus for us. "I was annoyed we didn't keep a clean sheet, but I thought the football was of a high standard. We created a lot of chances, scored four good goals, hit the post and had a goal disallowed. "It is consistency that is going to win us the league this year. That is what we have to work hard to get. "There are going to be a lot of difficult games for us in the months ahead and we have to be at our best every week." http://www.eveningtimes.co.uk/rangers/deserted-seats-show-reality-of-angry-rangers-fans-voting-with-their-177533n.25139848 -
Mike Ashley is poised to end his seven-year reign at St James' Park as he aims to increase his stake at Rangers. Mike Ashley is willing to listen to offers to sell Newcastle United as he looks to bring an end to a troubled seven-year reign at St James’ Park. Ashley has become involved in the running of Rangers and is interested in taking complete control. However, he has been prevented from increasing his stake to more than 10 per cent by the Scotland Football Association as he already owns Newcastle. Uefa rules stipulate the same person cannot own two clubs that might meet each other in European competitions, and while neither Rangers or Newcastle are playing in Europe, they could in the future. Rangers are standing on the precipice of administration for the second time in three years and Ashley recognises the opportunity it presents. The billionaire, who made his fortune through his Sports Direct retail chain, has already secured naming rights to Ibrox in return for a stake of nine per cent, although he has not yet taken up that option in order to avoid creating any animosity towards him. Should he take control of Rangers and stabilise the business, he knows there is huge potential to grow if, as should be the case, they return to the Scottish Premier League and, eventually, the Champions League. Related Articles That has increased Ashley’s desire to sell Newcastle to a new investor and he could be willing to offload it for around £230 million, which includes repayment of the £129 million he is owed in the form of interest-free loans. Ashley paid just £134 million to buy Newcastle from Sir John Hall and Freddie Shepherd in 2007. Although the club have not been officially put up for sale as the uncertainty could destabilise the business and unsettle the team, Telegraph Sport understands Ashley would like to sell if he can find someone with the financial muscle to take the club forward. Anyone who claims they are interested in negotiating a price will be asked to pay for the use of a box at St James’ Park for 10 years up front to prove they are serious bidders. Ashley has tried to sell up twice before, but was unable to find a buyer willing to match his asking price. He failed to offload it in the face of angry supporter protests in 2008 immediately after former manager Kevin Keegan resigned. He tried again in 2009 at the knockdown price of just £100 million after relegation to the Championship, but nobody was willing to take on a club that was losing hundreds of thousands of pounds a month outside of the top flight. However, the previous attempts to sell were made during a global recession and Ashley is aware the economic landscape has improved dramatically, particularly in the United States, where interest in “soccer” has never been higher. It is thought that Ashley will look closely to see if there are potential buyers on the other side of the Atlantic. Newcastle are in excellent financial shape thanks to the prudency of the Ashley regime and posted a post-tax profit of £9.9 million for the last financial year. That has done little to persuade fans he is the right man to lead the club and there have been persistent accusations of a lack of ambition. Although Ashley sanctioned around £40 million worth of player recruitment this summer, that was paid for almost entirely out of the sale of Yohan Cabaye to Paris Saint-Germain and Mathieu Debuchy to Arsenal. Ashley has been unwilling to invest any of his own money since Newcastle returned to the Premier League and has overseen a dramatic overhaul of the books, securing an increase in commercial revenue, which includes a record shirt-sponsorship deal with loans company Wonga. This has been done in conjunction with a series of cost-cutting measures, including player wages, which fell from £64.1 million to £61.7 million in the last financial year. That represents 64 per cent of the club’s turnover, well below the Premier League average of 70 per cent. The business is in good shape to sell. Whether Ashley can finally sever ties with a project that turned sour after just 12 months remains to be seen, but he gains little enjoyment from owning Newcastle other than the free advertising it allows for Sports Direct. Although he attended the club’s last home game, the 3-3 draw with Crystal Palace, his visits to St James’ Park have been increasingly rare since supporters turned against him six years ago. He is not the only one in the firing line. Alan Pardew, the manager, also looks vulnerable after a poll in a local paper showed 85 per cent of fans no longer want him to be in charge and there is a growing risk the ill-feeling will manifest itself in more vocal protests against Southampton this weekend. One group of supporters has even set up a website called ‘Sack Pardew’. Pardew remained in his dugout during the final home game against Cardiff last season as he was booed and jeered every time he stepped into his technical area. http://www.telegraph.co.uk/sport/football/teams/newcastle-united/11088540/Newcastle-United-for-sale-as-Mike-Ashley-eyes-Rangers.html
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Latest blog from McMurdo.........
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http://www.dailyrecord.co.uk/opinion/sport/keith-jackson-six-men-six-4181483
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DR publishing interview with Sandy Easdale tomorrow.....and also running a headline that the naming rights of Ibrox being sold for £1!! Rumours are that the naming rights are given for £1 plus underwriting the share issue. Not 100% sure though. Looks like more grim news on the way bears....buckle up!! -
RANGERS fan George Letham has reluctantly agreed to give the Ibrox board a short extension to repay the £1million loan that was due last week. The wealthy supporter stepped in to lend his boyhood heroes the seven-figure sum earlier this year as chief executive Graham Wallace was forced to seek a quick fix to the Gers' cash crisis. As part of the agreement, Rangers were scheduled to give Letham his money back by the close of business on Friday, but after the Light Blues announced plans to raise around £4m in a share option last week, the prospect of him receiving his money appeared bleak. SportTimes understands Letham held full and frank discussions with Wallace on Saturday and agreed to a short extension to allow the under-fire board more time to come up with the money. With cash reserves running low at Ibrox, a refusal from Letham would have left Wallace and his fellow-directors with a huge financial headache. But after stepping up to the plate to help Rangers in their hour of need in March, the lifelong Light Blue was not prepared to pull the rug from under the board's feet at this time. The full extent of the Gers' financial plight was laid bare in a statement to the Stock Exchange last week when the board admitted that the future of Rangers International Football Club plc would be 'uncertain' if all 19 million of the new shares were not snapped up by existing investors in the coming weeks. Any funds that are raised will be used to pay off Letham's £1m loan and the £500,000 deal that was agreed with Sandy Easdale, both of which were secured against the Albion car park and Edmiston House. The Ibrox board originally clinched a deal with major shareholders Laxey Partners but that move came under huge criticism from supporters after it was revealed the Hedge Fund would collect £150,000 in interest payments for the short-term loan. Rangers had a cash balance of just £4.2m at June 30 this year, but with £2.7m of that unavailable as use for working capital, the board have been forced to issue more shares in a bid to repay Letham and Easdale and provide much-needed money for the coming weeks. With the financial picture once again bleak at Ibrox, boss Ally McCoist was unable to make any last-minute moves to bolster his squad before the transfer window closed last night. The Gers' two most valuable assets, Lee Wallace and Lewis Macleod, remain at the club, but seven players have gone out on loan - Barrie McKay (Raith Rovers), Calum Gallacher (Cowdenbeath), Danny Stoney (Stranraer), Luca Gasparotto (Airdrie), Robbie Crawford (Morton), Tom Walsh (Stenhousemuir) and Craig Halkett (Clyde). http://www.eveningtimes.co.uk/rangers/letham-gives-rangers-extra-time-to-repay-1million-loan-178673n.25212709
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What can this board do to pacify the fans? Is there anyway the directors can turn both the finances and the trust of the supporters around? With the club unable to repay George Lethams loan and the stark warnings from London that the investors may not support the short sighted share issue to the level required (75% uptake or the issue will not proceed). The fact that the club couldn't convince or provide 2 potential investors to underwrite the share issue let alone see any of the controlling investors (BPH Marg and Laxey) put their hand up to do so, then what is next should the share offer fail? Mr Letham has gracefully given the club a short time to re pay his loan and I can't see this being done if as it looks, the share issue doesn't provide enough capital. Does the immediate future of our club rely on this short sighted offering? If it fails will the directors be in the unenviable position of declaring insolvency? It certainly looks like it. One thing has been missed by many board apologists since Fridays announcement, why with the finances in such a state did it take so long for the board to even attempt to seek this small investment via share sales? With the amount of accountants at our club surely one of them must have been able to see this coming sooner and not left it till the last possible minute to panic. Did they maybe want the season ticket sales to finish before setting the alarm bells as I see no reason that fans have been able to predict even with 100% st renewals that the club would not get through this calendar year without investment. I spoke to Mr Wallace as far back as February and asked him what the club would do should the season ticket sales not reach the required level and I also asked him at the same meeting why not do a share issue now if one was available. Mr Wallace at this time suggested waiting as the price would be higher later in the year. I raised an eyebrow at this claim as I would have thought the less cash in the bank would surely not increase the share price but Mr Wallace has vastly more experience than me and I wrongly took his word on this. Maybe he didn't gauge the reaction to ST renewal notices that were working their way to postboxes at this time I have no doubt that the board apologists will say " aye it's because of the low season ticket sales they need the money and it's the fans fault they can't raise the dough" REALLY? The season ticket deadline was back in April and the board have had almost four months to react to the results, my goodness that's around 120 days which seems to be the normal reaction time round our boardroom to do anything these days. My prediction and that shared by many others is, if the share option fails to reach the 75% buy in, the fans will be blamed for not buying enough ST and putting the directors in this position, then the shareholders will be blamed for not bailing them out and the outcome will be "we needed to do a deal on the training ground/ cheap deal on naming rights to get us out of trouble, we are a good shiny new board" I actually feel sympathy for a director or two at this time because not only are they struggling to keep the lights on, they have to contend with in fighting and power struggles in the boardroom which will no doubt be also hampering their efforts to do the right thing I haven't even touched the "where's the promised investment?" question which has been promised now by both sides of the boardroom split. All this drama going on while a potential investor has declared the willingness to invest £30m but can't even be giving financial information when he's been asked to underwrite a share issue. The mind boggles. Sort out your boardroom differences, cut the crap and spin and pick up the phone. It's good to talk and you did claim you're "ready to listen". Craig https://www.facebook.com/SonsOfStruth
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http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=12066370
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I wouldn't disagree with much of this to be fair. BY GORDON WADDELL Gordon Waddell: Like Thelma and Louise, Rangers have arrived at their destination.. the edge of a cliff 31 August 2014 08:37 AM By Gordon Waddell GORDON reckons Rangers are at the edge of a precipice but the cash crisis hasn't stopped the club signing back-up keeper Lee Robinson in a move typical of the way the club has been run for the past few years. THEY sold their road back to the top of the game as ‘The Journey’. It would appear Rangers have arrived at a destination many financial experts predicted for them long ago. The edge of a cliff. As the directors sit there like Thelma and Louise, with the engine revving, you wonder if the question was not whether the club would end up being driven over the edge but more a matter of when the crash would occur. How else do you explain it? No sane person would surely run a business the way they’ve run theirs. It’s as if they have committed commercial suicide. An example? It didn’t make a headline. Barely registered a mention. But if you want even a tiny indication of exactly how dysfunctional Rangers are, then look no further than the signing of Lee Robinson last week. A 28-year-old back-up keeper to a 35-year-old back-up. When they already have the Scotland Under-19 No.1 AND the Scotland Under-17 No.1 on their books? Another wage? Aye, why not, eh? We’ve been splashing money needlessly for two and a half years on players we don’t need and can’t afford – another won’t kill us. Their share offering on Friday was like taking a tube of Savlon to a cremation. They’ve admitted to the stock exchange that if they don’t get at least £3m, they’re knackered. And even if they do, they’ve openly shifted the problem a couple of months further down the line. Yet still they sign players like autograph hunters? They act as if they don’t give a monkey’s. Other clubs coming back from the brink, the first thing they attacked was their cost base. Trimmed all the fat and started from the ground up. Live within your means. New club motto? Numquam Iterum. Never Again. Yet here we are, back at square one. Ally on the back pages, pleading: ‘Don’t sell my stars’. Why not? Truth is you should never have been allowed to sign most of them in the first place. This whole ‘We’re Rangers and until someone tells me otherwise, we’ll continue to behave like Rangers’ schtick? McCoist is a bright, articulate, likeable guy. I refuse to believe he’s so gullible. That he never sat there and thought ‘This can’t be right’. Who would you prefer to be in charge at Rangers? I’m not saying anything I haven’t said to him in a dozen different press conferences. I’ve asked him why they weren’t hunkering down, signing players for their level, saving cash. He always replied: “The fans deserve better.” Damn right they do. But they also deserve their club to survive after what they’ve put in over the years. In a football sense, I haven’t yet met a Rangers fan who didn’t think the club would have been better bleeding half a dozen youngsters into their line-up back on day one and developing them properly than going down the road they did. I haven’t yet met a fan who wouldn’t have put up with the odd defeat to see some genuine progress and fiscal responsibility rather than watching the likes of Richard Foster, Stevie Smith, Ian Black, Dean Shiels or Jon Daly. Or Lee Robinson. Nice lad, decent gloves – but what about Liam Kelly and Robby McCrorie, two of the highest-rated teenagers in their position in Scotland? Every other club in the country is giving youth a chance and reaping the rewards. Not The Rangers. Sorry lads. Can’t trust you, even on the bench. No time to have faith in you. Other diddy clubs might get away with playing teenagers. They may even excel. Hell, look at Conor McGrandles – 82 senior games by the age of 18 and a £1million move from Falkirk to Norwich. Rangers are too good for that, though. Listen, the dysfunctional management of the club’s affairs runs a million miles deeper than the team. These are just examples of how a total breakdown in management manifests itself in public. What goes on behind closed doors or up marble staircases? We may never know. But the fact they’re putting out the begging bowl in such a humiliating manner suggests none of it is good. And then we have the ever-hovering presence of Dave King . King has been criticised for his silence but don’t let anyone kid you that he hasn’t been waiting for this exact moment. The lowest ebb. The final wheezing breaths of a regime someone as long in the tooth as he is always thought would arrive. Sure, he’s a Rangers fan. Sure, his intentions for the club will be more honourable than the current incumbents. But spare me the idea his timing suggests anything other than his own benefit being served too. In the meantime, the Rangers fans are once again left with what they call Morton’s Fork – two choices, both undesirable. Take up the share option, keep a shambolic regime functioning a little longer. Or not a penny more. Flush them out and suffer the consequences. I don’t envy them their decision.
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Sunday Mail story It would be standard practice for the sp.ivs. X arrives and is pushed as the NEW and HONEST broker who wants transparency, fan engagement and an end to what has gone before (including undeserved bonus culture). Prior to making such an introductory statement, he has already signed a contract with a 100% bonus clause with unclear specification regards trigger(s). He then misleads, lies and achieves 120 days of 'not a lot', x3. He then leaves (very probably) with 100% bonus not wanting to engage with fans or be transparent on the subject. It shows up in 2015 accounts when long gone. (if there is accounts in 2015). Appoint another CEO, this one is the real deal, honest Guv !! This story has other angles regards sp.iv divisions but best for another thread or indeed for later in this one. -
missed 2 penalties, otherwise it would have been 6-1 and the return game beyond doubt.
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Born Under a Union Flag: Rangers, Britain and Scottish Independence (Luath Press) will be an interesting read for those yet to open its cover, and I would strongly suggest you do. It allows the reader access at times, to the mindset of the authors of the various chapters, some of which will challenge you, some may even alarm you, but having drawn me in, it was one of those books I had to read from start to finish without interruption. It may seem strange for an avid Unionist to highlight a chapter written by a pro-independence author, Gail Richardson, but I do so for 2 reasons : (1) Gail asks questions relating to the motto of a group of which I am a member – Vanguard Bears (2) Of all the pro-independence chapters within the book, Gail’s was unique in that it offered a cohesive, rational and positive argument for independence which was free from negative subjective experience often cited by her peers, nor did it seek to demonise Britain as a justification for exercising a yes vote, in short it offered vision rather than vilification. I use the word “demonise” deliberately. When Alan Bissett argues that Britain is responsible for, amongst other things, “the mass slaughter of World War 1” you can perhaps begin to understand why I suggested in the opening paragraph that you may be challenged, even alarmed by its contents. Gail opens her chapter with a question : Do the Loving Cup ceremony or the portraits of Her Majesty the Queen hanging in the home dressing room at Ibrox not qualify as traditions ? Both are long standing practices at our club, with club historian David Mason, opening this year’s Loving Cup toast describing it as “A very important tradition in the history of Rangers Football Club since 1937”. Furthermore are they merely traditions or, additionally, a powerful statement of identity i.e. this is a club which values the traditions of monarchy ? The foregoing example serves as welcome introduction for another area of such debate which is often overlooked by many. Gail asserts : It is madness. But what about the flip side of that coin ? What about the instances where the beliefs and values come from within the club itself ? Are they in themselves not statements of identity ? If the historical commentators such as Graham Walker and Bill Murray are to be believed, and there is no good reason not to, then Protestant identity evolved due to a number of factors, primarily though that the Protestant indigenous Scot sought a football club which reflected their faith and culture in the same way that the newly formed club, Celtic, reflected the faith and culture of the Irish immigrant population. If Gail is guilty of overlooking symbolisms and traditions which emanate from within the club, perhaps because they don’t quite fit with her assertions and beliefs, I confess, I could be equally as guilty of reading something into symbolisms from within the club because they do happen to fit with my particular assertions and beliefs. I have difficulty accepting however that Church and Boys Brigade Parades, the holding of the Orange Order Annual Divine Service at Ibrox, our refusal to play football on the Sabbath, the welcoming of Kings at Ibrox, Armed Forces Days, amongst other things, are not statements of identity. Furthermore these take no account of the erroneous, which again have their formation from within the club itself. Gail makes reference to Rangers signing policy, I would add to that the comments of Rangers vice chairman Matt Taylor in 1967 when he stated in interview relating to it, “part of our tradition....we were formed in 1873 as a Protestant boys club. To change now would lose us considerable support.” However mis-guided, however ham-fisted, however opposed to true Protestant ideals and values the foregoing examples are, I would suggest they are a clear attempt to attach a Protestant identity to our club from within the club itself. I cite these examples not to usurp Gail’s questioning of their relevance today in an increasingly secular Scotland, but to demonstrate that the club itself over the years has actively encouraged an identity with which it is often associated, therefore to suggest that it’s our supporters who have projected their beliefs onto the club and asked them to uphold them is incorrect. When Gail states : “I’ve said that I don’t believe Rangers Football Club is a Protestant club or a Unionist club.” how does such a statement equate to a football club who have just released their 3rd strip which has as its centrepiece, the flag of the Union itself ? Particularly in view of the current political climate in Scotland. Strangely, the answer to Gail’s original question comes from an unlikely source, in chapter 3 of the book. Harry Reid, an Aberdeen supporter speaking of the demise of Rangers identity under Sir David Murray: And later in the chapter : Harry continues: Later in the chapter Harry emphasises the importance of any football club seeking to expand its aspirations, remaining true to its core fan base. There is really not a lot I can add to Harry’s quotes. The values, traditions and people Harry alludes to are very much at the core of what we at Vanguard Bears, seek to defend. I hope this article not only answers Gail’s questions, but also challenges her to examine her own vision of our club, as much as her chapter from the book caused me to examine my own.
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By Richard Wilson BBC Scotland What does the immediate future hold for Rangers? It is 120 days since the chief executive Graham Wallace published an overview of his 120-day business review, but there are still aspects of the running of the club where doubt resides. Two weeks ago, the Ibrox board announced that they were "considering a possible equity issue" to raise £4m. Their hope was that an institutional shareholder would underwrite the offer - ensuring that the full amount would be raised - before it was opened to all existing shareholders to see if they would invest to retain the size of their stake. Yet even the Stock Exchange announcement carried the caveat that "there can be no certainty on the outcome of these discussions" with the leading shareholders. The Union of Fans released a statement raising their concerns about the possibility of Mike Ashley, the owner of Newcastle United, underwriting the issue and so increasing the size of the near 5% stake he already holds in Rangers International Football Club. There now seems little likelihood of that occurring, though, not least because under Scottish Football Association rules no individual can hold stakes of more than 10% in two clubs. The share issue itself so far remains uncompleted, since no Stock Exchange announcement has been made. “Rangers remain a club that lacks long-term stability and any sense of connection or shared values between the directors and the fans” Some inside Ibrox had hoped to finalise it this week, although institutional shareholders have seemingly shown little appetite for putting more money into Rangers. The reality is that the £4m will be used to fund the club and pay off the £1.5m in loans still owing to the shareholders George Letham and Sandy Easdale, who is also chairman of the Rangers Football Club board. Should the full amount be raised, it will likely provide Rangers with enough financial support to reach the end of the year. In the meantime, the annual accounts are due to be published next month, once audited, then the board intends to hold the annual general meeting - probably in October - and seek permission from shareholders to offer new shares to non-shareholders in a fresh issue. In his 120-day review, Wallace said that the board's intention was to seek shareholder approval for a new share issue in the autumn, however the fall in season ticket sales - prompted by continuing distrust between the fans and the board - left them needing to seek a solution to their immediate financial issues first. Rangers, in effect, remain bedevilled, given the board and shareholders' inability or unwillingness to finance the operation of the club and the necessary additional investment that is required. This is the backdrop to the team's attempts to build a solid foundation to this season's bid to gain promotion back to the top-flight. Rangers remain a club that lacks long-term stability and any sense of connection or shared values between the directors and the fans. While that relationship remains fractured, there is little prospect of the rebuilding process being fully completed. Progress has not been particularly swift on many of Wallace's aims, including the fundamental one of restructuring the club's finances and seeking the external investment required to underpin the club's ambitions. The attempt to appoint a chief football operations officer has stalled, after talks with the former Rangers and Bayern Munich midfielder Christian Nerlinger failed to deliver an agreement. While the idea is sound - not least because Rangers still do not have a properly function and extensive scouting network, let alone the kind of medical, performance and strategy support structures expected of a club of this size and the stature it wants to regain - it seemed impractical to try to recruit somebody now when the club's finances are so fragile. The wage of the individual alone would be substantial, but there would be significant associated costs in setting up the infrastructure and appointing new personnel. Rangers cannot currently sustain those costs. The process of setting up fan liaison board has begun, but Saturday's visit of Dumbarton will provide an indication of the level of disaffection amongst the fans. Some intend to buy tickets on a match-by-match basis, having chosen not to renew their season tickets, although there are additional costs incurred by the club for policing and stewarding 'walk-up' supporters. The re-emergence of Charles Green brought a new round of white noise to the story of the club, but the reality is simple: Rangers need money and the board is rapidly running out of options. Dave King remains committed to investing in Rangers, via a larger share issue, but so far the board has chosen to stick to its strategy of seeking £4m initially. That might reflect concern that a shareholder vote might not deliver the necessary permission to offer shares to non-shareholders - Sandy Easdale held the 28% of proxy votes at the last AGM - although a restricted share issue at this stage does not require a prospectus to be published. Wallace identified a number of improvements and initiatives that Rangers require, and also the level of funding it takes - he estimated £20m to £30m - but it is the financial demands that are critical. No other investors are lining up to put money into the club. Options are limited. http://www.bbc.co.uk/sport/0/scotland/28904062
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Taken from FF "It has come to our attention that the Rangers board are considering a move which could see Mike Ashley underwrite the £4m share issue they previously announced. This has been necessary due to understandably poor take up from existing investors. We believe the SFA have been approached to find out what would be required to give clearance for this, due to Mr Ashley’s ownership of Newcastle United. We would question the wisdom of approaching someone who, despite his obvious wealth, cannot significantly invest in the club without removing himself from his ownership position at Newcastle. Why are the board persisting with these short term, desperate measures? The club needs urgent, substantial investment - not a short term fix which will be lucky to see us past Christmas. Even if they are successful in raising the £4m, almost half the money will immediately have to be used to repay overdue loans. The board indicated to us that they could raise this money "at the push of a button". Sandy Easdale also indicated that investors were lined up. Clearly neither of these statements have turned out to be true. Also, the vast bulk of this money could have been raised by greatly increased season ticket sales if the board had been prepared to properly safeguard the club’s assets. If the SFA give special dispensation to Mr Ashley to up his stake in Rangers will it be irreversible and without any possible future sanction? Will the board get an unequivocal assurance that the SFA will not use this issue as a stick to beat the club with further down the line? The SFA have a track record of attempting to impose draconian sanctions on Rangers using tenuous methods. It would be extremely unwise of this board to unnecessarily put the club into a situation that allowed the SFA to act in this manner again. We are also concerned that, under UEFA regulations on dual ownership of clubs, Mr Ashley cannot have a “decisive influence over decision making” at Rangers without it leading to the possibility of us not being able to compete in European competition. He could find himself holding around 20% of the shares in our club, having control of all club merchandise and being the largest single shareholder if he underwrites this share issue. Will the board clear this unequivocally, and in advance, with UEFA to ensure that Rangers will not miss out on European football in the future because of Mr Ashley’s ownership of Newcastle? It would be negligent of the board not to gain the above assurances from the relevant football authorities. We would ask them to publicly confirm that they will have full written clearance for Mr Ashley from both UEFA and the SFA before moving ahead with any plans for him to underwrite this share issue. We would also ask them to confirm that any such clearance is free from any caveat which could negatively affect Rangers in the future. Finally, Mr Ashley’s initial purchase of shares in Rangers appears to have been linked to his Sports Direct merchandise deal. The only man inside Rangers who liked that deal at the time it was put in place was Charles Green. We hope that any possible assistance given to the board by Mr Ashley at this time will not see him clinch another favourable deal, perhaps to rename Ibrox at a knock down price. Can the board confirm that renaming of Ibrox will not be part of any underwriting deal with Mr Ashley and that we will not be seeing garish Sports Direct signage defacing our iconic Main Stand?"
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Rangers Football Club is inviting applications from Club Members to join the Official Rangers Fans Board – a body that will help fans shape the future of their Club through regular and constructive dialogue with the Board and Senior Management. The Nominations Committee – Reverend Stuart MacQuarrie, former Rangers Captain David Weir, international rugby star Alastair Kellock and supporters Tom Mowbray, Mhairi McKenzie, Melville Curry, Ross Hardie and Holly-Jade Johnston – will evaluate applications from a number of supporter categories with Club Members then asked to vote on the 12 candidates they feel will best look after their interests. Club Members – which includes all Season Ticket Holders for 2014/15 who receive complimentary membership - can complete the online application form at fansboard.rangers.co.uk and the deadline for submissions is 9am on Tuesday 19th August, 2014. The Committee, chaired by Reverend Stuart MacQuarrie, will then evaluate the candidates and create a shortlist of Nominees for each category which Club Members will vote online for thereafter. The Club is totally committed to improving and enhancing its relationship with fans and the ultimate aim is to take this 142-year-old institution back to the very top of Scottish football together. The Official Fans Board will be created to benefit all supporters and is an important step forward as we strive to improve communications. • The Fans Board will provide a platform for supporters to communicate directly with key Club staff in a structured manner • Give the Club greater insight into the topics and issues that most affect and concern the wider Rangers fanbase • Allow supporters to better understand the Club’s decision-making process on key issues • Enable supporters to play a crucial role in helping the Club achieve success on and off the pitch • Provide transparency regarding the key issues that affect supporters The Official Rangers Fans Board will consist of 12 supporters who will represent all the major stakeholder groups in our fanbase to discuss key issues and ask the questions that most affect the supporters they represent. The Fans Board will meet a minimum of 4 times per season and further meetings will be held between Club executives and the Fans Board throughout 2014/15. Who can apply for the Official Rangers Fans Board? To apply for one of the 12 positions on the Official Rangers Fans Board you must be an adult Rangers Club Member. All Season Ticket Holders for 2014/15 are automatically Founder Club Members*, if you are not a season ticket holder you can become a Club Member by visiting rangers.co.uk/membership. Applications will be welcomed from supporters wishing to represent the following categories: • Season Ticket Holders • Female Fans • Families • Overseas Fans • Fans in Glasgow/Govan Community • Disabled fans • Ethnic Minorities • Under 18s • Ibrox match ticket purchasers (non-season ticket holders) • Corporate fans (fans who have enjoyed corporate facilities watching Rangers) • Fans who attend away games • Rangers Official Members (non-season ticket holders) Many supporters will fall under more than one of the above categories however it is important to ensure all our fans feel represented on the Official Fans Board. Fans can apply to represent any group they qualify for however only one application is permitted per person so supporters should only apply for the category they feel they best represent. How to apply for the Official Rangers Fans Board Club Members are welcome to submit an application to join the Official Rangers Fans Board. Supporters must have a membership number, which for season ticket holders is the same as their Rangers number. To apply visit fansboard.rangers.co.uk enter your Membership/Rangers number and password and complete the application form by 9am on Tuesday 19 August, 2014. If you do not have a password or valid email address you can update/register your login details on the fansboard.rangers.co.uk website. You will also be asked for a reference from someone who can support your application and suitability for this role. Fans should read the recruitment pack, terms and conditions and the constitution (all of which are available to members at rangers.co.uk/fansboard)before completing the application form. The Selection Process An external, independent Nominations Committee has been set up to help ensure the Official Rangers Fans Board is independently and democratically elected. The Nominations Committee will review all applications and nominate a shortlist of supporters for election to the Fans Board. The shortlist will be selected based on evaluation of all application forms against the criteria listed within the recruitment pack - job description and personal profile. A shortlist of nominees in each of the 12 categories will be identified by the Nominations Committee. The application forms for each of the successful shortlisted nominees will be posted publicly on fansboard.rangers.co.uk for Member consideration. Members, including all season ticket holders, will then be given the opportunity to vote on the shortlist of nominees in each of the 12 categories. Voting will be online in early September. The votes will be counted and verified and the 12 member Fans Board finally announced thereafter. Selection as a candidate for the election process to the Official Rangers Fans Board will be at the absolute discretion of the Nominations Committee. The role of the Official Rangers Fans Board Member As a Fans Board member each individual will have a responsibility to liaise with supporters from the group they represent and ensure they best serve their interests at meetings with the Club. The 12 elected members will have a public profile on the official Rangers website and fansboard website. They will be clearly identified as Members of the Rangers Fans Board and will be contactable by the wider fanbase via email to allow them to obtain feedback and questions from the group they represent. They will also provide those fans with updates after all meetings. Elected representatives will be required to regularly attend Fans Board and other relevant meetings, potentially participate in sub-fan working groups and any other requirements outside meetings. The Official Rangers Fans Board will give supporters the voice they have been craving and a genuine say in the running of their Club and further information is available on rangers.co.uk/fansboard now. All Season Ticket Holders for 2014/15 receive complimentary Club Membership unless they choose to opt out. If you do not wish to be automatically enrolled as a Member, please e-mail membership@rangers.co.uk. * If you do not indicate that you do not wish to be enrolled as a Member of the Official Rangers Club Membership, then you will be deemed to have granted your acceptance to the terms and conditions and adoption of the Constitution both available from rangers.co.uk/membership
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The rumour is that Brighton are in for Wallace and are close to matching our valuation.
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I'd tried to temper my bewilderment at our close season signings by reflecting on the often used mantra that "there is no substitute for experience". But having a manager with a propensity for playing just one out and out striker it seemed reasonable to question the wisdom of signing 2 ageing, albeit proven strikers, taking our total to 5. I suppose in some ways the fact we played with 2 up front today is a positive improvement - cherish it, its probably the only positive you will find in this article. With young Charlie Telfer exiting Ibrox and directing barbed comments at our manager's apparent unwillingness to blood youngsters, the departure of goalkeeper Scott Gallagher and the re-signing of the veteran and occasionally calamitous, Steve Simonsen does little to suggest that youth is to be the favoured option. One wonders how young Nicky Clark feels his development will fare as the least favoured option behind Boyd, Miller, Daly and given today's personnel selection, even Shiels. Why is this important ? Well if we do manage to successfully negotiate the championship, and I appreciate after today some are saying that's a pretty big "if"; rather than return to the top league with the nucleus of a young team we will instead be replacing ageing players in key positions. "Professors" of football often speak about the "spine" of a team - goalkeeper, centre back and striker. Of our current spine I see only Cammy Bell offering any kind of continuity in this regard. Which of course means new blood, a settling in period and that's before we find the readies for such an overhaul. Without wishing to induce further panic it's probably worth asking the question if there will even be the money for such an overhaul ? So what does all this experience get you for your money? Well not a lot judging by today's performance. You could forgive a schoolboy team for switching off after scoring and giving yourself a lifeline but a team brimming with seasoned pros? Furthermore how can it be that Nicky Law and Ian Black despite having countless games together under their belt, give the appearance they have never played with one another before? The booing of the formers man of the match award should serve as a warning to all at Ibrox that whilst we may be loyal we are certainly not gullible. Kenny Miller did what we have come to expect him to do, and were it not for the detrimental effect to Nicky Clark's development and the fact he is a short term rather than a long term answer, you would see this as a beneficial signing for the season, particularly if young Clark was paired alongside him. Kris Boyd I'm not so sure of. He somehow managed to look even less mobile than 1st time around, so much so, I half expected Police Scotland to bring the game to a halt and announce they had found Clyde, the missing Games statue. The progress and improvement of Lewis Macleod and Fraser Aird has been deeply satisfying for us blue legions, the former in particular showing particular potential. Could a few others have benefited from an extended run in first team football ? Some will remember Dick Advocatt recognising the potential of a young Barry Ferguson and building a team around him, sadly that will not happen so long as young Macleod finds himself played out of position on the wing We need to stop making excuses for Ally. Yes he has had to endure challenges no other Rangers manager has had to contend with but that really does not excuse signings which are devoid of long term vision, as well as tactics, team selections and substitutions which have us all bewildered. There was a moment today when the cameras panned to John Greig sitting in the stands, and on seeing his image on the screens applause echoed around the ground. John is a Rangers legend on and off the park. Unfortunately he was not a very good manager. I fear history may be repeating itself.
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From The Evening Times Their desperation is growing by the day. Keep up the pressure, lads.
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Sometimes you feel like a wee greet. http://willievass.photoshelter.com/gallery-image/100814-Rangers-v-Hearts/G0000hlKyrxgNifI/I0000Ko1_cYXoR6o/C0000DwY1ciUOXqU Will somebody put the pic. on here please.
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I said this elsewhere about entire teams being brought back to defend corner kicks: I can see the time coming when the football authorities will feel inclined to amend the laws of the game regarding every player back at a corner kick. This tactic is designed to clog up the area, limit runs, deny space and minimise goalscoring opportunities, and the outcome is often a series of fouls which may or may not be punished. Officials usually favour the defending team and too often a promising moment in the game fizzles out when a free-kick is awarded. It'll take an extensive trial and error period before the cure is found, but if the football authorities want to make the game better, they really need to guard against coaches and managers who are too often negative and safety-first. The general well-being of the sport comes first and eleven players in the box defending corner kicks is not something that should be tolerated indefinitely. In addition, now that we have a fourth official, I see no reason why the game should be stopped to make substitutions. Players on winning teams who are about to be hooked are often told to go to the either side of the pitch before their number is called, and then they make the long, slow walk to the dugout. Let the fourth official take care of this and let the game flow. Managers know that this is an effective time wasting tactic. That's why they do it. On the same subject, let's draw the line at the 75th or 80th minute regarding substitutions. After this point, no matter what happens, no more substitutions should be allowed. If a player has to go off injured, so be it. We really need to end this business of time-wasting substitutions being made deep into injury time purely to upset the game's rhythm and waste more time.
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Richard Wilson has tweeted.
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http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=12043401 Looks like the £5m button isn't as easy to press as they think...
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Jonny & John are back for the second episode of the Rangers Report Podcast. Topics include: A review of the friendly with Derby County & the flying head-butt of Bilel Mohsni What to do in the heart of the midfield? Rangers youth policy Allan McGregor's night on Twitter The matches with Hibs & Hearts & much more QOD - After the drinking at the rugby match - should alcohol be allowed back at Ibrox for match days? It's only their second official episode & it really is shaping into a really interesting & thoughtful show. You can listen on Podbean or iTunes. Would love to hear your feedback...
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Market News alert Rangers Int. Football Club PLC Read the London Stock Exchange announcement...
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The poll resulted in a narrow win for 27/09/2014 v Hibernian, with the obvious caveat of moving to Sunday if required. As was proven last time, even if an early kick-off is unpalatable to some from a football point of view it gave us a nice comfortable afternoon/ early evening to eat and drink; so in some ways I'd be hopeful of an early kick off again. In the first instance I'm only going to put up two options: going back to Malaga Tapas http://www.tripadvisor.co.uk/Restaurant_Review-g186534-d1087980-Reviews-Malaga_Tapas-Glasgow_Scotland.html or "somewhere else". In order not to appear biased, I will say only that I have confirmed that Cristobal would be happy to have us back; but it is entirely up to you guys if you want to go back or somewhere else. If you wish to go somewhere else then please post a suggestion and I will do a second poll. Unless there is a landslide one way or the other, I'll keep the poll open till the end of the month, so that everyone who is on holiday gets a chance to vote.
