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Tuesday 7th October 7pm. Grovsner Hotel Gt Western Rd Glasgow. Public meeting for all fans concerned with recent events at our club and who wish to explore possible actions available to the fans. We have one guest speaker confirmed so far and the meeting will include a Q&A session Much better from Craig here. Hope it goes well.
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http://www.thesun.co.uk/sol/homepage...n-Rangers.html MIKE ASHLEY has doubled his stake in Rangers. The Newcastle owner now owns around nine per cent of the Scottish Championship club. Investment group Hargreave Hale confirmed it was behind the sale of £853,000 worth of shares in the fallen Glaswegian giants. Ashley’s purchase came hours after Gers fans threatened to boycott his Sports Direct stores over the cut-price deal he struck for the Ibrox naming rights. A spokesman for fans’ group Sons of Struth said: “We call on Mike Ashley to cancel his contract before the October 11. “If he still retains the naming rights after this point, we will instigate an immediate series of actions aimed at his Sports Direct stores.”
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Wednesday 1 October 2014 IS ALLY McCOIST'S POSITION UNTENABLE? No, not yet, but we appear to be trundling progressively closer to that state of affairs. Six points behind in the SPFL Championship is a surprising position for him to be in after seven fixtures and the situation is worsened by the fact his side have already lost at home to both Hearts and Hibernian, generally regarded as their two main rivals for promotion. The question is: how far behind must they fall before something dramatic has to happen? Eight points? Nine points? What will tip things over the edge? Will it be defeat at Tynecastle on November 22, or the latest in a long line of losses in knockout competition when St Johnstone pay a visit to Ibrox in the League Cup? So far, McCoist's players have done just enough to keep him away from the noose. They scraped an ill-deserved win at Falkirk thanks to a late, deflected mis-hit from Lewis Macleod in their second league match of the campaign and beating Inverness Caledonian Thistle to maintain interest in the League Cup was a big result. The team showed promise when winning 4-0 at Raith Rovers, but that has been shown to be a one-off and belief that McCoist can turn them into a side capable of providing entertaining football every week is dwindling. Supporters are not yet calling in significant numbers for McCoist's resignation or removal, but performances are nowhere near the standards expected. A number of bookmakers have already installed Hearts as favourites for the Championship and that is only sensible on current form. McCoist did agree a pay-cut, understood to amount to 50%, on the £825,000-a-year wage he enjoyed until January 2014, but his earnings are going to continue to prompt questions when his team plays as it did in the process of losing 3-1 at home to Hibernian. Open revolt in the stands, if it happens, would force the issue. SHOULD HE CONSIDER WALKING AWAY IF THINGS DO NOT IMPROVE? Tough one. Would you walk away for less than to what you are entitled when you had witnessed a number of others from the boardroom - all accountable, in part, for almost £70m being squandered in two years - receive pay-offs? HOW MUCH OF THIS CAN BE BLAMED ON THE ONGOING UNCERTAINTY CREATED BY THOSE ABOVE HIM AT BOARDROOM LEVEL? None of it. The players state ad infinitum, after all, that they do not focus on financial concerns. McCoist knows the pressures at Ibrox. Whatever is going on in the background, asking Rangers to set the pace in the Championship with a budget that dwarves anything available to other clubs in the division is not unreasonable. The money being spent on Rangers' football department means they should beat everyone in the game other than Celtic. IS SPECULATION OVER McCOIST'S FUTURE NOT A KNEE-JERK REACTION AT AN EARLY STAGE IN THE SEASON? Not really. Rangers fans have, generally, been scathing over the standard of football they have watched for the last 2½ seasons. The team did win the Third Division and then SPFL League 1 by a street, but they regularly struggled to dispatch teams of part-timers. McCoist's record in cup competitions cannot be allowed to pass either. Rangers did not, whatever he may say, spend the money they did purely to win Scotland's bottom two divisions. If they did, they spent way over the odds. Losses to top-flight sides such as Inverness Caledonian Thistle and Dundee United were dressed up as understandable and acceptable; questions over Rangers having a Premiership wage bill were glossed over. Defeats in the Ramsdens Cup to Queen of the South and Raith Rovers, who humiliated them in the final at Easter Road, were shameful in the extreme. WHAT WILL HAPPEN, THEN, SHOULD RANGERS FAIL TO WIN AT LIVINGSTON ON SATURDAY? McCoist will have to answer questions on whether or not he believes his time is up. ARE THE GROWING QUESTIONS OVER HIS TACTICAL APPROACH FAIR? Yes. Too many games have resulted in an over-reliance on long balls and there is a distinct lack of variation about the play. His team selections continue to raise eyebrows as well with players continually being played out of position. The side has been letting in goals too easily, but Darren McGregor, a centre-half, continues to be fielded at right-back while Bilel Mohsni remains a starter. McGregor admitted in the match programme for the Hibernian game that he had only played on the right "a couple of times with St Mirren". Wouldn't Richard Foster be a better bet there with McGregor in the middle? Lewis Macleod is a central midfielder who was being used on the left before injury. Rather than use attacking players with pace in the wide midfield positions against Hibernian, McCoist used Steven Smith, a full-back, and Arnold Peralta, a central midfielder. So much emphasis seems to be placed on sending Lee Wallace powering down the left flank, but Rangers are not getting behind opposition defences often enough and that is contributing to Kris Boyd's clear problems. He is a natural predator, but has failed to score in the league and has only hit the net in two of 12 appearances. There have to be greater signs of an established style of playing at Rangers. Regular supporters also note the absence of a Plan B. BOYD SCORED 22 TIMES FOR A POOR KILMARNOCK TEAM IN THE PREMIERSHIP LAST SEASON. WHY HAVE THE GOALS DRIED UP? He missed a number of chances at Raith Rovers and Alloa and looks a shadow of his former self, but he is not receiving adequate service. Rangers have lacked invention, variation and creativity. Boyd admits that he has been forced to feed off scraps at times. WHY HAVE SO MANY ESTABLISHED TOP-FLIGHT PLAYERS STRUGGLED AT RANGERS? Great question. Dean Shiels, Ian Black and Nicky Law all arrived in great form. David Templeton had just scored for Hearts against Liverpool at Anfield in the Europa League qualifiers. Marius Zaliukas, signed this summer, is not even deemed worthy of a start in a defence leaking goals left, right and centre. All these players are going backwards. Are they simply incapable of handling life in the goldfish bowl or are their collective troubles a reflection of wider failings within the team as a whole? Probably a bit of both. WILL THINGS CHANGE WHEN KENNY MILLER IS FIT AGAIN? Will Kenny Miller be fully fit again? He is three months from his 35th birthday. His career has been built on relentless workrate and selfless running. That catches up with you eventually. We are a month into the season and he has already been laid up with hamstring and calf problems. A NUMBER OF OLDER PLAYERS HAVE BEEN BROUGHT IN AND REMAIN. SHOULDN'T RANGERS HAVE USED THEIR TIME IN THE LOWER LEAGUES TO CONSTRUCT A STRATEGY BASED ON YOUTH? Of course they should. Jon Daly, for example, admitted earlier this week that he can no longer train two days in a row because of knee trouble. McCoist is not entirely to blame for the way Rangers have frittered away their millions, but they missed a trick. Two years in the bottom divisions could have been used to build a young, fit squad that could grow together. If those in the existing youth set-up were not good enough, a more structured, long-term and cost-effective transfer policy could have been employed. Instead, Charles Green was struggling to sell season tickets following his takeover and permitted McCoist to lure established top-flight players to the club. He needed quick results and could be understood in having gone for a quick fix. In the meantime, Rangers' footballing department was allowed to continue without a recognised scouting network. Rangers' development squad, for the record, currently sits close to the bottom of the SPFL Development League with three points from four games. EVEN IF HEARTS DO WIN THE LEAGUE, WON'T RANGERS STILL ACHIEVE THE ULTIMATE GOAL OF GETTING BACK TO THE SPFL PREMIERSHIP THROUGH THE PLAY-OFFS? Let's just say that anyone who has watched Rangers' two meetings with Hibernian so far would be reluctant to place money on that. http://www.heraldscotland.com/sport/...=email%2Balert
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Rangers fans group Sons of Struth threaten boycott of Mike Ashley’s Sports Direct shops Ashley has been targeted after purchasing the naming rights to Ibrox for £1. The threat of a boycott of Mike Ashley’s Sports Direct retail group along with the business interests of other Rangers directors has been made by dissident fans’ group, the Sons of Struth, following a ballot of supporters. The group, named after Rangers’ longest serving manager, Bill Struth, staged a demonstration behind the directors’ box at Ibrox during the team’s recent meeting with Inverness in the Scottish Communities League Cup, but have now raised the possibility of direct action against McGills Buses, a transport group owned by the Rangers football board chairman, Sandy Easdale, and his brother James, who serves on the plc board. Ashley has been targeted because Sandy Easdale recently revealed that the naming rights to Ibrox had been sold to the Newcastle United owner for £1. Easdale himself has been the subject of condemnation from the Rangers support - whose boycott of season tickets has reduced the club’s income from that source by half - because he has been seen in the company of Rafat Rizvi, who was sentenced to 15 years in absentia when convicted of fraud in an Indonesian court. Rizvi, a UK citizen, is the subject of an Interpol international arrest warrant but cannot be extradited because the UK has no treaty with Indonesia. He was pictured recently in Glasgow along with Easdale and Malyasian businessman, Datuk Faizoull Bin Ahmad, who was named as a potential investor in the troubled club, although he subsequently denied any intent to take a stake or any knowledge of Rizvi. The Sons of Struth issued a statement detailing the results of their poll, which did not specify how many fans’ opinions had been sampled, although it is thought that they have around 3000 members. The statement read: "Due to recent events, such as Sandy Easdale's meeting with convicted fraudster Rafat Rizvi, his broken promises of having investors lined up and the selling of our stadium’s naming rights to Mike Ashley for £1.00, Sons of Struth have received an increased level of calls for tougher action against the board, Sports Direct and, Easdale-owned McGills Buses. “Recent polling of our members resulted in 99.35% calling for the removal of Sandy Easdale as a Rangers director and 97.19% wishing Mike Ashley to cancel his 7 year contract for the naming rights to Ibrox, 92.87% want to boycott McGills buses and 87.47% want to boycott Sports Direct in attempt to achieve the removal of Sandy Easdale and cancellation of Mike Ashley's naming rights agreement. “89.64% of those polled want to see some sort of boycott at matches with an aim of removing Sandy Easdale. The general feeling amongst our members is that he lies to fans and shows no respect to his position through his close association with Jack Irvine and his meeting with a man on Interpol's most wanted list. His words and actions are disrespectful to the position he holds as a director of Rangers Football Club. “Our firm belief is that Sandy Easdale is an obstacle to future outside investment and, despite his recent outlandish claims that the fans' actions may put the club's future in danger, we firmly believe that after 100,000 season ticket sales in three seasons the blame for the clubs perilous financial position lies squarely in the boardroom. “The club operate a "football board" which is viewed in the eyes of the fans as nothing more than a vehicle to allow Sandy Easdale a directorship as he may not be eligible for a seat on the PLC board. Does this "football board" have any other purpose? “We shall release our intentions for further protests and boycott action in the very near future and in the meantime would encourage the board to immediately remove Sandy Easdale if they wish to avoid this. “Sandy Easdale has been heard in the past to claim that if the Rangers support do not want him at Ibrox he would leave. We would ask him to take the hint and go before his association with our club causes more damage. “Sons of Struth also call on Mike Ashley to cancel his naming rights contract before the 11th of October. If he still retains the naming rights after this point we will instigate an immediate series of actions aimed at his Sports Direct stores. “We would ask all Rangers supporters in the meantime to use discretion when deciding to give either Sports Direct or McGills Buses their custom. We will hold a public meeting of Rangers fans in October at at a venue to be announced." http://www.telegraph.co.uk/sport/football/teams/rangers/11131196/Rangers-fans-group-Sons-of-Struth-threaten-boycott-of-Mike-Ashleys-Sports-Direct-shops.html -
For anyone who isn't already aware, I have been elected to the Rangers Fans Board to represent fans who attend away matches. Rangers are creating email addresses for direct contact with the Fans Board Members but they will not be live until after the first meeting on 6 October. In the short term if anyone has any particular issues or concerns that affect “fans who attend away matches”, can they please post them here. I said that “I will arrange an early meeting with Susan Hannah”, the Ticket Office Manager. I have kept this promise. The meeting will take place on Monday when I will try to get answers to any immediate concerns. TB has already raised a number of points: Possible profiteering by charging Rangers fans higher than normal prices. I responded that “I think that there is a league rule about that but there will be ways round it I'm sure. I did notice at Alloa that £18/£9 was posted at the away gates and that is what we were charged, well I was anyway, not quite old enough for a concession.” Children’s ticket availability and pricing. I replied that “If that is a league issue I will pursue with Mr Doncaster.” Small allocations and how to divide between supporters’ buses and those who travel independently. If anyone has recent evidence of any of these situations can they please post here or PM me as appropriate. SB commented about “the variables Ulster Bears must contend with and the size of support travelling over for home games”. This is not my constituency per se but I responded that “If you have an issue that relates to travelling or attending or otherwise is relevant to away matches please let me know”. STB commented about “the short notice between being allocated a game and the payment getting taken.” I replied that “I think the issue is the short notice Rangers often get from the other Clubs and the fact that they need to collect and pay for the tickets within a certain period.” More information on any of the above issues would be helpful and feel free to add anything else. On a more general note, I have taken on board the comments about the categories and would welcome any other comments about organisational issues since these will be discussed at the first meeting.
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"Following the publication of updated holdings in Rangers International Football Club PLC, the Union of Fans feel it is important to continue to highlight the position of Sandy Easdale. Mr Easdale and his associates have invested just enough to keep them above the 25% mark required to hold a veto over any inward investment to the club via a further, more substantial, share offer. Despite owning only around 5% of the club himself, Sandy Easdale claims to hold proxy voting rights for around 26%. We have long been concerned that Mr Easdale refuses to disclose who he actually holds these proxies for and instead disguises them through Beaufort Nominees. Mr Easdale's recent meeting with convicted fraudster Rafat Rizvi would lead us to believe that some of those proxy voting rights may be held on behalf of Mr Rizvi. It is also clear from this recent announcement, despite PR stories placed in the media to the contrary, that Mr Easdale has not purchased Charles Green's shares. We are therefore in a position where Mr Easdale appears to hold, through Beaufort Nominees, proxies for people such as Charles Green, Rafat Rizvi and Imran Ahmad. Our concern is that Mr Easdale will continue to act, as he always has done, in the interests of those shareholders and not in the interests of the wider shareholder base and the club itself. We have been clear that we feel that Mr Easdale should be removed as a club director but the PLC board appear to be unwilling or unable to enact that much needed change. Regardless, Mr Easdale is in a position, with the backing of shareholders who appear desperate to mask their identities, to block much needed investment into Rangers. We would ask Mr Easdale to confirm publicly that he and his associates will not oppose any resolution at the upcoming AGM which would allow fresh investment from those who care about the future of our club. If Mr Easdale ignores this request or refuses to answer unequivocally then, in the near future, we will recommend what course of action we believe fans should take. We are also concerned at newspaper reports that the annual accounts and therefore the AGM may be delayed. We would ask the PLC board to clarify if this is the case and to explain why, after what they described as a successful fund raising, there would be any reason to delay publication of the accounts."
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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. -
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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Chris Graham @ChrisGraham76 17m .@RFC_Union call on Rangers PLC board to remove Sandy Easdale as a club director immediately. #RFC pic.twitter.com/wIlX0SWgVu
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"The Union of Fans is extremely concerned at the recent public statements of Sandy Easdale, the Chairman of the so-called ‘football board’ at Rangers. Mr Easdale has a history of making ill advised, damaging and amateurish comments in the press about Rangers and last week he was engaged in more of the same. In April 2014, around a week before Imran Ahmad’s second failed attempt to have club funds arrested, Mr Easdale decided to take part in a BBC interview in which he raised considerable questions over the financial position of the club. These comments could clearly be seen to weaken the club’s case against Mr Ahmad despite victory in that instance. Last week, days ahead of Mr Ahmad’s third attempt to arrest funds, Mr Easdale did the same in a press Q&A. We would question the timing of both of these statements. Making this type of error once might be seen as naivety or stupidity. Making it twice starts to raise other questions. Mr Easdale was brought into Rangers to represent the wishes of the block of shareholders previously represented by Mr Ahmad and Mr Charles Green. Mr Easdale has, in our opinion, always represented their interests ahead of those of the club and it appears he is continuing to do so. Mr Easdale has hitched his wagon to Green, Ahmad, Blue Pitch and Margarita and, now that their influence over the board has started to diminish slightly, he appears to be seeking to retain his position at the club via an alliance with Mike Ashley. Indeed it appears that Mr Easdale will support anyone who will allow him to retain his director privileges and the borrowed respectability of being referred to as a Rangers director, regardless of their actions towards the club. Mr Easdale told the Rangers fans that Jack Irvine no longer worked for him. However, we have been told by a number of people that Mr Irvine has been in regular touch with them in a way which represents Mr Easdale’s interests. Mr Easdale told the Rangers fans in December 2013 that he had investors lined up for Rangers. This did not prove to be the case. Mr Easdale now wants the Rangers fans to believe that Mike Ashley, who has been handed “onerous” merchandise deals, virtually free stadium naming rights and now the Rangers club shops by Mr Easdale’s associates, is the man to take Rangers forward. Mr Easdale actively opposes any attempt to bring huge investment into the club from people who care about it but chooses to back someone who has clear issues with dual club ownership and is only interested in Rangers as a means to make himself money. We would ask the PLC board, the Nomad, Daniel Stewart and the LSE to investigate Mr Easdale’s comments and their effect on a court case which could have put the club’s immediate future in doubt. We would also ask them to clarify whether Mr Charles Green or Mr Imran Ahmad hold any shares for which Mr Easdale has a proxy through Beaufort Nominees. Mr Easdale is not, in our opinion, fit to be a director of Rangers Football Club and given his failure to be appointed to the PLC board we feel he has far too much negative influence on club affairs."
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The video -
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Apparently voting is now open for your favoured candidate in each section's short leet. I'm not a member myself but I'm sure someone can post the full list here if possible. http://fansboard.rangers.co.uk/
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Do you remember when we knew what Celtic players looked like? Do you remember how we would listen in nervously when they played, hoping that they'd falter? The football landscape has changed so much in Glasgow that the city is no longer an Old Firm goldfish bowl. Instead, the two sides function in separate atmospheres. With no Old Firm interaction, each has become a stranger to the other. The current Celtic team could walk past me in the street and I probably wouldn't know who they were. For Celtic fans, due to Rangers being run as a retirement home for elderly footballers, they have no difficulty in recognising Rangers' established guys, but many of our players are unfamiliar faces to them too. There was a time when fans of each side knew the other lot almost as well. They didn't need to learn the enemy team, they just knew it. Not so long ago, a Rangers-supporting friend of mine used to chat fairly regularly to a fellow dog walker. It turned out that he was talking to a leading Celtic player, and yet he had no idea. This surely couldn't have happened in the past. We knew them and they knew us. Now, Celtic's profile has dipped as a consequence of Rangers being in the football wilderness. Ours has dipped too, of course, although Rangers is such a dysfunctional entity that it retains a profile of sorts by providing a daily source of amusement to the nation. Apart from the obsessed element in the Celtic support though, which keeps Rangers under intense scrutiny at all times, there is a realisation within the Celtic fraternity that the game is up for Rangers. The laughter has abated and they even feel a degree of sympathy for us. They are looking at a future now that might not be seriously challenged by Rangers, and as they come to terms with it, there is a grudging realisation that they are poorer for it. Now that the big two has been reduced to the big one, the intensity has disappeared, the temperature has cooled and the colour has faded. Celtic fans are living in a monochrome world where the competition is either walkover material or too good for them. It is a bore. It's not boring being a Rangers fan, though. The football may be rotten but when was clinging to a life raft ever boring? Rangers fans are living out an outrageous soap opera where each twist is more absurd than the last one. This Rangers saga could not have been made up or engineered even by a bitter and hateful enemy. It is a tale of woe beyond imagination and comprehension, and with every day that passes, the realisation dawns that bouncing back is hard to do when the ball is burst. The leading figures at Rangers have become cartoon characters. There is nothing that they do which shocks or surprises. Talk of the stadium being sponsored for the grand total of £1 is eminently believable. This is the calibre of people Rangers FC is run by in the 21st century. Every statement, announcement or comment from the club is greeted with ridicule and dismissed as being symptomatic of a failed and toxic regime. Rangers has ceased to be a credible entity. It is crumbling and falling apart. We are often reminded when we complain about politicians that we get the governments we deserve. If the same can be said of the governance of football clubs, the Rangers support must have been guilty of something dreadful, or maybe we're just not that bright. Either way, Rangers fans have an allegiance to a club that is an asylum for the clueless, the calamitous, the absurd and the avaricious, and it is conspicuously rotten from the front gates of Auchenhowie to the top of the Ibrox Stadium flagpole. I have long believed that Rangers had a sell-by date. I always suspected that it was going to become an unwelcome institution in a changing world. I was concerned too that it would fail under 'private' ownership. The only solution was to become a fan-owned club that embraced a new enlightenment, but our failure in this area has been as embarrassing as it is shameful. As we remind ourselves, almost hourly, what a mess it is at the top of the house, we really have to take account of our own inability to properly attempt some kind of rescue. We may have been turned over, but we have been passive, mostly inactive and even apathetic during this crisis. As per usual, we wait on a saviour, and if there isn't one, we just keep waiting anyway. When the lights go out at Ibrox, or when they become so dim that they can barely be observed, ask yourself - how will Scotland remember Rangers? Fifty years after Rangers' passing, how will our children and grandchildren remember the football club that is so much part of our lives? I suggest that Rangers will be remembered with the same kind of affection that BBC Radio Scotland and Radio Clyde currently have for our club. We will not be fondly remembered or missed. The country will be glad to see the back of Rangers and it will speak of us in a highly derogatory tone when enough time has elapsed to make us a distant memory. Bearing in mind our current predicament - and we are all aware that another collapse could be close - not only would we lose a club that is dear to us, as people, we would be marked down by history for having an association with a club that will almost certainly be remembered as a monument to bigotry. And with this double whammy in mind, what do we do? We wait, and wait, and then wait some more. History won't be kind to us for this either.
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I log in here every day (Mon-Fri) to catch up on the latest going's on with our club, most days I don't even post or join in with the chatter. But of late, and especially these past few weeks, I click on my favourite with a fear ........ "what now" I think as my browser loads. It is absolutely gut wrenching to see these thieves/liars/sharks/snakes still involved with our club, and others (Ahmed etc) STILL trying to cream some extra blue pounds from us. I long for the day the club is ours again, or at least in safe hands with a safe custodian. As right now, the club we see before us isn't ours, same club but the soul is missing.
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In Fridays @TheEveningTimes: RST to participate in share issue & RFC retail staff at Ibrox, Airport and Belfast under Sports Direct control
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RST statement regarding the new 'Open Offer' of shares
the gunslinger posted a topic in Rangers Chat
Following a meeting of the Rangers Supporters Trust (RST) board we have the following statement to release. As shareholders in Rangers International Football Club (RIFC) we have decided unanimously to partake in the upcoming open offer. This will be carried out using funds from our BuyRangers fan ownership scheme. Whilst we still have deep concerns about the current situation at the club, as a board we believe that given fan ownership is the raison d’etre of the organisation it is in our members interest to participate in the open offer to maintain our current shareholding. In order for the RST to continue its primary objective we urge as many fellow Rangers fans to join and contribute to our BuyRangers scheme from as little as £11.25 per month at http://www.therst.co.uk/buyrangers. -
After some of the news coming from Ibrox today in some of the newspapers would you the fans like to see the club owned outright by the sports direct owner Mike Ashley or would you rather we bumbled along with the present set up .
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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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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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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!! -
http://www.bbc.co.uk/news/uk-scotland-29050877 Former Rangers commercial director Imran Ahmad has returned to court for a third time in a bid to have £620,000 of club assets frozen. Lawyers acting for Mr Ahmad claim he is owed a £500,000 bonus for the time he spent working at the Ibrox club. The Court of Session in Edinburgh heard Mr Ahmad is worried about the potential prospect of Rangers becoming insolvent. Lord Stewart continued the case to Friday when lawyers for Rangers will address the court. Mr Ahmad, who has twice lost court bids to have Rangers' assets ring-fenced, claims he is owed £500,000 for negotiating deals and wants another £120,000 to cover legal expenses. Advocate Kenny McBrearty QC told Lord Stewart that Mr Ahmad is concerned about the current state of the club's finances and fears Rangers would not be in a position to pay up if the court eventually rules in his favour. He told the court Rangers have sold 23,000 season tickets this season, down 15,000 on last season. Mr McBrearty said the Rangers board's latest plans for a share issue may only raise £3.6m and cover part of the club's obligations. He added: "There is a significant hole in the club's finances for the forthcoming season."
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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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Looks like 3.6 million shares were traded today or rather transferred , could this be in part payement for either outstanding loan
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Bill Leckie; Fool me once, shame on you. Fool me twice, shame on me. If they don’t heed those words as the vultures circle Ibrox once again, then hell mend them. First time their club went to the wall, they manned the barricades to protect it from a big, nasty outside world. For that, no matter what other thoughts you have on the matter, their loyalty surely deserves to be applauded. But now? Two-and-a-half years on? If, despite being given a second chance to repair the horrendous mistakes of the past, a club with this level of support goes into administration AGAIN? Sorry, but if it was me I wouldn’t give them another penny. On Saturday, once more, thousands turned up brandishing red cards to express their unhappiness at the way the love of their lives is being mismanaged. And, once more, those responsible for the mismanagement laughed up their sleeves at the pointlessness of the protest. Because to brandish those red cards, you have to pay your money to get inside the stadium. Which hands yet more cash to the people you’re protesting at so they can go ahead and waste it. Listen, what do I know? They’re not my club and the one I do follow has never been to the heights Rangers have reached to suffer such a humiliating, disorientating fall. I’m just someone looking in and wondering how the hell, in all good conscience, Bluenoses can carry on regardless if and when the accountants take over the asylum once more. Actually, don’t answer that. It’s not a can of worms that’s worth opening, this We-Are-The-People, Rangers-Till-I-Die, stick-your-fingers-in-your-ears-and-sing-Follow-Follow mindset. So, for what it’s worth, let me instead pass on my suggestion for what they should do if their club re-enters the abyss. Sod it. Turn their backs on it. Give it, as a man on the other side of Glasgow once said, not one more thin dime. And instead, invest in the future of Scottish clubs who DO run their affairs honestly and who DO have respect for those who click the turnstiles. Go and back your old skipper Barry Ferguson as he tries to make things happen at Clyde. Go and see what another ex-player in Gary Bollan’s doing with Airdrie. If you’re from Fife, go and watch East Fife or Cowdenbeath. If you’re in Angus, hand your tenner to Arbroath or Brechin, Forfar or Montrose. If you donÂ’t want to give up your wee jaunt over from Northern Ireland, get off the ferry and stroll up to Stair Park. There’s been a school of thought among some these last couple of years that Rangers being forced to do the grand tour of the colonies meant the lower divisions should have been grateful for the gate receipts and the TV handouts. For me, this always got it the wrong way round. It was those inside Ibrox should have been thankful that they were in still in business and ABLE to head for Elgin and Berwick and Stranraer. Now, as fresh financial catastrophe looms, I’d put it to Rangers fans that they could do far more good for far more people if they stopped pouring money into what has long since ceased to be “their” club and started drip-feeding it to those who genuinely are the game’s lifeblood. Why? I’ll give you three good reasons. One, those halfwits in your directors’ box shouldn’t be trusted with the remote for the telly, never mind your wages. Two, that 30,000-odd of you spread among the country’s 20-odd part-time clubs would not only create better atmospheres but also help to cement football in communities for the long term. And three? You might just get to relax and enjoy the game, rather than always being angry and stressed about it. Watching Ayr United play Stenhousemuir might just extend your life. The alternative to this is a simple one. Stand your ground and, by your very presence, condone the halfwits in the directors’ box. Two-and-a-half years on from that first administration and the liquidation that followed, these halfwits need to scramble together £4million in a matter of days to keep their heads above water. To achieve this, they may need to flog their saleable players before the transfer window closes, which will hamper your hopes of promotion back to the top flight. If they don’t raise the money, they stand to suffer a 25-point deduction as punishment for a second spell in administration, all but ending those promotion hopes. How, with the wages they pay and the crowds they attract and the sheer intimidatory force of their name that is a two-goal start against far smaller opposition, can this possibly be? How the lumping hell can the people running a club the size of Rangers be handed the chance they were to start again, to build sensibly, to tool up for their return to where they want to be, and yet fail so utterly miserably? How? The clue is in the word halfwits. So maybe I’ve got this all the wrong way round. And it’s those Ibrox directors who should be sent to the outposts of the footballing empire instead. Maybe Graham Wallace and the Easdales and whoever else is a player in this embarrassing saga are the ones who need to go out into the real world and see how real football people operate. Trust me, if a month shadowing the treasurer at Albion Rovers didn’t shame them into living within their means, liquidation’s too good for them.
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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.
