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  1. UoF Statement on Retail Deal - 75p in every £10 goes to club "Since the release of the accounts for RIFC PLC, the focus has rightly been on the almost immediate requirement for more cash simply to pay bills and also the board’s wish to raise £8m in equity finance despite recently turning down a valid, fully funded offer for £16m. However, having had the accounts analysed by qualified accountants, we feel it is important to bring Rangers fans' attention to the absolutely disgraceful reality of the retail deal which has been entered into with Mike Ashley’s Sports Direct. We have become accustomed to David Somers', Comical Ali style proclamations about our club. He stated recently that Rangers "make quite a lot of money" from the Sports Direct deal but that is not how the accounts read in our analysis. In fact, despite the loyalty of the Rangers fans seeing £7.6m spent on retail in the year covered by the accounts, the club's share of that spending is a paltry £590k. That means that for every £10 spent by Rangers fans on merchandise, the club receives only around 75p. The accounts also reveal that Rangers Retail has an obligation to purchase stock at a higher price than it is able to be sold at. In the second half of the year covered by the accounts it appears that the portion of profit due to the club is an unbelievable £2k. For comparative purposes, the much maligned JJB agreement, our previous retail deal, made the club a minimum of £4.8m a year over the term of the deal, over 8x the amount we are making from Sports Direct. Crucially, it is also not clear whether the club has yet received a penny of the £590k it is due or whether it is still retained within Rangers Retail. Indeed, from inception it would appear that the club has only received £100k in dividends from the venture with Sports Direct. Mr Ashley has loaned money to strengthen his stranglehold over our commercial operations, whilst funds due to the club through Rangers Retail, over which Sports Direct has effective control, are retained. We have always feared that the deal Charles Green did with Sports Direct was dreadful for Rangers. Mr Somers' ridiculous defence of it, on behalf of this discredited and incompetent board, can be added to the list of reasons why he, the Easdale brothers, Norman Crighton and Derek Llambias are rightly distrusted by the vast majority of our fans. In light of the information revealed in the accounts we urge fans to stop buying merchandise from club stores, which are now under Mr Ashley’s full control or being shut down, and Sports Direct. Your loyalty is being abused and the club is not benefiting from the money you are pouring into Mr Ashley's pockets."
  2. The Blue shirt is here! From the same team that brought your the Red and Black shirt and the Fernando shirt. Due to popular demand we have taken the decision to produce a shirt in blue in time for Christmas. The shirt is produced on a Nike base with the Lion proudly emblazoned on the breast. We have 500 in stock and ready to roll in time for Christmas. Each buying option online is linked to a stock control system which means we can’t oversell a size. You can buy safe in the knowledge that every penny of profit will go to buying a shares stake for fans in the club. For overseas purchasers - click on the button where it says UK £32.74 and a drop-down menu will appear with the various delivery zone options. The shirts are available from http://www.TheLionBrand.co.uk
  3. Rangers Supporters @rangersfctrust · 2h2 hours ago The RST has tonight released the following statement:Read: http://tl.gd/n_1sj12bm The RST has tonight released the following statement: The Rangers Supporters Trust is disgusted to learn that a group of Celtic fans daubed offensive, sectarian graffiti, mocking the Ibrox disaster, on the walls of Tynecastle stadium during a recent visit there. We are even more disgusted by the attitude of Celtic Football Club towards this incident, which is to try to distance themselves from the behaviour of their fans rather than taking responsibility for it. We welcome Ann Budge's recent statement and fully support her attempts to highlight the disgraceful behaviour of a sizeable minority of the Celtic support. The group responsible for this are affiliated with The Green Brigade, who have been encouraged and tolerated by Celtic Football Club officials. This despite outward shows of support for the IRA and various offensive banners including one protesting against Remembrance Sunday. In the past few years we have seen riots in Dundee, wide-scale vandalism and disorder at Fir Park and Tynecastle and various acts of public disorder in Glasgow centred around Celtic fans. Throughout all this, Celtic's PR machine, has sought to quell reporting of these incidents and no substantive action has been taken against the perpetrators by the Celtic Chief Executive, Peter Lawwell. Celtic Football Club has a major, ongoing issue with their fans which their constant denial of facts will not solve. Their official fan groups, including the Celtic Trust, seek to legitimise this behaviour by, for instance, campaigning for the right to display public support for terrorism without penalty. We hope that belatedly, with their fans' disgraceful mocking of the Ibrox disaster, Celtic will start to take their hooliganism problem seriously and the SPFL and SFA will do likewise, despite the strong influence wielded by Celtic in their boardrooms
  4. Reading on Twitter and other forum that a 9th minute anti Ally protest has been planned. Lots of discussion for and aginst, what I can't find is who is organising it? Any ideas or is it a non event?
  5. http://www.gersnet.co.uk/index.php/latest-news/299-an-open-letter-to-ally-mccoist Also available in the print edition of the Scottish Daily Mail (5/12/2014)
  6. THE fans group has hit out after details of the retail deal appeared to show the bulk of money generated would not go to the club but to Ashley's Sports Direct. RANGERS fans have taken a look at the annual accounts and ridiculed claims Mike Ashley is an Ibrox saviour. The Union of Fans have rounded on the board for trumpeting a 375 per cent rise in retail revenues from £1.6million to £7.6m. They told supporters not to be fooled as only around £1.5m will go directly to the club with the bulk of the cash heading to Sports Direct. And they even claim the club have been forced to buy more than £410,000 of club kit at recommended retail prices because they did not hit Sports Direct sales targets. The Rangers board admitted they’ll be forced to seek a fresh share issue after announcing an operating loss of £8.3m for the year to June 30. They’ll need a further bail-out as soon as January and have announced plans for a share issue aimed at raising £8m to keep the club operational in the medium term. Former Rangers owner Craig Whyte released on bail after appearing in court over his purchase of Ibrox club Union of Fans spokesman Chris Graham said: “The statement around retail revenues is disingenuous, to say the least. “The true picture is £7.6m was the total sum of money made from all merchandise sales through Rangers Retail. However, inventory costs are listed at more than £4m – effectively, the cost to Sports Direct of supply and distribution. “Under the terms of the deal between Sports Direct and Rangers Retail, the club receives only 50 per cent of profits, so that leaves only around £1.5m. This is approximately a third of the sum the club were making under the JJB deal. “A section of the accounts, provision of liabilities, even lists £411,000 payable by Rangers Retail to purchase stock at a higher cost than its resale value. “It appears Rangers had to purchase the stock at retail prices and sell it cheaper, presumably because they didn’t hit targets. Rangers are losing money from the sale of the shirts, yet Sports Direct are still being paid the full retail price. “The whole commercial deal with Ashley appears a shambles. Many fans will see the headline figure and conclude the commercial deal with Ashley isn’t bad at all. “Ashley’s plan is to make money for himself and he’s clearly a very successful businessman. However, he is no saviour of Rangers.” Auditors Deloitte again signed off on the accounts with the conclusion there is “material uncertainty” over the club as a going concern and “key assumptions” are being made by the board on future finance streams. Season ticket sales are down 15,000 and attendances are on the wane but chairman David Somers insists everyone is working together for the club’s long-term future. Graham added: “It’s complete rubbish to suggest this board have moved closer to the fan base. “The distance has grown even wider since last year’s agm. “They have appointed a completely pointless fan board. “Their relationship with supporters should be judged on the numbers turning their back on this regime and no longer going through the turnstiles. “Auditors Deloitte have again confirmed they cannot verify what directors are saying is accurate and the future of the club even in the short-term is bleak. “The accounts are only to the end of June, so the drop in attendances and season ticket sales has not yet fully hit the balance sheet.” Graham remains astonished the board turned down Dave King’s £16m investment offer for a £2m Ashley loan, upped by another £1m. He added: “The £8m sought is simply to keep the lights on for the next few months. It’s incredible to think they’re looking for £8m when they were offered twice that amount only a month ago by King.” Rangers declined to comment. http://www.dailyrecord.co.uk/sport/football/football-news/rangers-union-fans-ridicule-claims-4716246
  7. Union Bears As you will know, the group took the very difficult decision back in May not to renew our season tickets due to the selfish, malicious and borderline illegal actions of our club’s current and previous incumbents. This was a decision echoed by nearly 15000 season ticket holders and the crowds at Ibrox so far this season have reflected the feeling of many Rangers supporters. We watched with hope and expectation as Dave King submitted his £16 million offer of funding in exchange for a majority stake in the club. We then watched with resignation but not shock as Mike Ashley and his friends within the Board room blocked this move and instead pushed through Ashley’s £2 million emergency loan secured against Rangers assets and on the premise of complete Board control. Like all other supporters, we wanted a clean break from people like Charles Green and his murky investors, but it is clear this isn't going to happen. It therefore brings us to a crossroads, as a group and as individuals. Mike Ashley has his grip firmly on the throat of our beloved club and nothing and nobody will make him remove it, as has been demonstrated in his time in charge of Newcastle Utd. It has thrown up a pertinent question which must be answered by not only us but every Rangers fan. Do we maintain our boycott for potentially years in the hope that someone saves us? Or do we elect to support the team on the park and explore other ways of enforcing change at Rangers? After much discussion we have elected to follow the latter path. As of 03/01/2015 we will be returning to the stands on a permanent basis. This is not a gesture of support for those now in charge of our club, nor is it an admission of defeat. It is simply a change of tactic. As a passionate group of supporters whose best attributes lie in what we achieve in and around the stadium on a matchday, we feel hamstrung by our absence and therefore the group needs to go back to being present within Ibrox. We have tried to boycott, to fall in line with other fan groups who have done their level best to encourage change within the club. But in reality all that has taken place over these past few months is a strengthening of Mike Ashley, Sandy and James Easdale, David Somers and many others’ positions within Rangers. It’s the sorry truth. We would like to make it clear that we will not be attending the League Cup semi final as a group, and feel it would be wrong to take tickets ahead of fans who have been attending games on a weekly basis. As we won't be attending as a group, it will make it impossible for us to pull off a display. We would therefore ask all Rangers fans to do their bit by making our end as colourful as possible, with flags, banners, streamers and anything else they can. We will however be planning more displays between now and the end of the season, and look forward to bringing some noise and colour back to Ibrox. Although we return to Ibrox on a permanent basis we won’t be doing so as supporters of the regime. Yes our money will be going towards their bonuses and onerous contracts in the short term, but the Union Bears will throw our weight behind another path towards long term change and that is fan ownership, and more specifically Rangers First. Rangers First is a Community Interest Company which was established at the beginning of this year with very simple goals; to gather together the financial clout of the Rangers support, purchase shares in the club and ultimately put it back in the hands of those who matter. Rangers First already owns over 500’000 shares in RIFC (roughly 0.6%) without any real offline publicising. As a group we hope to support them in the ways that we do best as they move forward towards greater awareness and support for fan representation and ownership. Of course we urge all those who stood with us in BF1 over the years to ask themselves the same question we did and decide what the future holds for you with regards to match attendance. But we will not try and influence your decision in any way. It’s an individual’s choice to make. What we do urge every singly Rangers supporter to do is visit http://www.rangersfirst.org, learn about the initiative and sign up. Put the money you used to spend on Rangers merchandise and funding Ashley's empire of zero hour contracts into something worthwhile. The strength of our support should not be measured or remembered by how many of us turn up at Ibrox or elect to stay away in protest, but rather by the lengths we will go to right the wrongs of those before us and stand shoulder to shoulder with one common goal; delivering the Rangers we all deserve. We owe it our children and grandchildren. If you would like to join the group in BF1 for the second half of the season then please send the following details to transfers@unionbears.co.uk or as a message to the Union Bears Facebook page: Full Name: Address: Date Of Birth: Contact Number (Mobile & Landline): Rangers Number: Do you have a season ticket already? (Yes/No): Union Bears
  8. A COMBINATION of on-field failure and off-field drama contributed to Rangers fans heckling boss Ally McCoist. That is the view of an Ibrox fans chief as the dust continues to settle on another day to forget for the Light Blues. Manager McCoist came in for abuse in the closing stages of a 2-0 defeat to Hearts that saw his side fall nine points adrift in the Championship. A spokesman for the Rangers Supporters' Trust said: "The fans were frustrated at the result and the wider condition of the club. "The club is a shambles. The vast majority of the fans' frustration has been directed at the board but Ally knows he has to take responsibility for results. "You have to look at the minimum requirement this season, which is to get promoted. "Obviously we would we want to go up to the Premiership as winners of the league but that is looking less likely after the Hearts result. "We have got to make the play-off at the very least and we have got to go up. "Fans expected to win this league even though it is more difficult with Hearts and Hibs in it and Rangers supporters are making comparisons with Hearts. "Hearts are rebuilding their club with young players and they play decent football and although they are not great, the bottom line is they have beaten us twice this season. "So there was a huge amount of frustration directed at Ally although he is long enough in the tooth to know that." http://www.eveningtimes.co.uk/rangers/fan-chief-reveals-why-rangers-boss-mccoist-got-stick-189831n.25957179
  9. I speculated that this was worth a thread on its own. Apologies if not, admin....merge it with Whyte Arrest warrant. However, it is a different revelation (though it may be connected, of course): "In a further development, The Daily Telegraph understands that while Wallace and Nash were still in their posts, documents related to the 2012 share issue were passed to the Serious Fraud Office for investigation. The SFO had no comment to make." It is tagged on here; http://www.telegraph.co.uk/sport/football/teams/rangers/11231964/Former-Rangers-owner-Craig-Whyte-issued-with-arrest-warrant-as-four-others-are-detained-by-police.html
  10. I was “invited” to attend a meeting at Ibrox today with Rangers’ Director of Communications, Irene Munro and Jim Hannah, Supporters’ Liaison Officer. I had to ask three times by email about the nature of the meeting and eventually was told only that it was “to discuss complaints raised against you by other fans board members”. I asked to be supplied with the details of the complaints before the meeting but this was denied. At the meeting I was told that as a result of two complaints by colleagues on the Fans Board and one complaint from a member of the public, I was being removed from the Fans Board. The complaint from the member of the public was in connection with or as a result of information that I posted about the Rangers Fans Fighting Fund. I was not told the nature of the complaints by members of the Fans Board. These are the relevant sections of the Constitution: 17.Conduct of members of the RFB 17.1 The Elected Representatives shall, in exercising his/her functions as a member of RFB, act in the interests of the Club and RFB; and, in particular, must (a) seek, in good faith, to ensure that RFB acts in a manner which is in accordance with its objects (as set out in clause 3 this constitution); (b) act with the care and diligence which it is reasonable to expect of a person who is managing the affairs of another person; and © in circumstances giving rise to the possibility of a conflict of interest between RFB or the Club and any other party (i) put the interests of the RFB and the Club before that of the other party, in taking decisions as a member of the RFB; or (ii) where any other duty prevents him/her from doing so, disclose the conflicting interest to the RFB and the Club and refrain from participating in any discussions or decisions involving the other Elected Representatives with regard to the matter in question. (d) If, in the opinion of the Club, any Elected Representative is in breach of paragraphs (a), (b) and © above, or in the opinion of the Club, brings the Club into disrepute, the Club shall have the power to terminate that individuals Membership and remove them as an Elected Representative with immediate effect and without notice. There is no right of Appeal. The Fans Board had agreed an interim Code of Conduct which includes up to three warnings but this was not applied because it provides for complaints to be referred to the Office Bearers and there are no Office Bearers in place at this time. I was told that in the opinion of the Club I have not been acting in the interests of the Fans Board and that my position was not tenable, so I was being removed. I was given the opportunity to resign, which I declined. I was then told that Rangers would issue a statement saying that I had “left the Fans Board” but I asked that if they were removing me they issue a statement accordingly.
  11. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12147393.html
  12. Slightly off topic but Chris Graham was co-opted onto the RST board this evening. Strong addition and great to see him finally take the step.
  13. http://www.therst.co.uk/rst-letter-to-aim/
  14. The Rangers Supporters Trust today announced that it has formed Fleshers Haugh Limited to produce a range of merchandise whose profits will be used to purchase shares in the club. Trust Chairman Gordon Dinnie said – “For a number of months now we have been selling red and black shirts but it’s obvious from the demand that fans also want other forms of merchandise. We set up Flesher Haugh to develop a range of quality merchandise which will be a credit to the club’s traditions and generate funds which will enable fans to buy more shares and make the club stable.” “I’m asking for fans with experience and skills in merchandising, design and manufacturing to come forward to help us build an enterprise which provides a real fans alternative.” More information to follow. http://www.therst.co.uk/latest-rst-statement/
  15. Looks like 3.6 million shares were traded today or rather transferred , could this be in part payement for either outstanding loan
  16. 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/
  17. Haven't seen the segment myself but apparently Drew Roberton of the RSAssociation has been on Sky Sports News saying he's prepared to give Ashley the benefit of the doubt. Doesn't seem to fit with recent UoF statements?
  18. "The Rangers support and the club itself has once again been betrayed by those tasked with overseeing the health and success of our great football club. The decision by the non-executive directors of the Plc board, Mr Somers, Mr James Easdale and Mr Norman Crighton, to effectively hand control of the club to Mike Ashley in return for a £2m, short term loan, is an absolute disgrace. They have acted in a cowardly way and have been bullied by Mike Ashley and Sandy Easdale into giving them precisely what they want with no regard for the club. The club was at a crossroads. The board had to decide whether to take us down the route of a long term, £16m, sustainable investment and the start of a process where fans could once again trust those tasked with nursing Rangers back to health. Instead they have handed Mike Ashley control of the boardroom for a pittance which will now have to be repaid out of the pockets of the dwindling number of Rangers fans who still choose to support this regime financially. They have neglected their duty to shareholders, fans and the club itself. Their cowardly act now means we are likely to see Mr Ashley gain long term control of the club’s remaining commercial income without having to actually invest a penny. The board has, through a policy of inaction and cooperation with Sandy Easdale's shareholder group, allowed a situation to develop where corporate vultures are grabbing what assets they can. There is no long term plan. There is no investment. We simply limp from one short term fix to another, each time giving away more of the family silver, despite a clear alternative being available. Sandy Easdale's pronouncement that the Plc board "did their duty and their due diligence accordingly" and have done "what's in the best interests of the fans, the club and the shareholders" is the type of laughable nonsense we have come to expect from him. Mr Easdale certainly got what he wanted which was the retention of his seat in the director’s box and his club tie. The club and the fans have been sold down the river and this is another kick in the teeth for both them and the reputable shareholders still involved at Rangers. Mr Easdale, rather than disingenuous statements, should explain to fans why he actively blocked a £16m investment that could have taken the club forward. It is now a matter of individual conscience for fans if they wish to continue to fund the corporate pillaging of our football club. They should be under no illusions however that every time they purchase a single item in either Sports Direct or our club shops, they are paying for the privilege of allowing Mike Ashley to strengthen his grip on our commercial operations in a move which could hamstring the club for a generation. Also for the remainder of this season, every match ticket they buy will be used to pay Mr Ashley back the money he has lent for control of our club. Effectively they will be paying him for the privilege of his power grab."
  19. Following some requests from members to introduce a £5 per month option to subscribe to BuyRangers we are pleased to announced that this option is now available. Since being launched this morning (25/10/2014) we have been particularly busy and had many sign ups with many opting for the bigger amount. There is also the option of a one-off payment of £125 available on our website as well. All information can be found at http://www.therst.co.uk/buyrangers
  20. Dave King Statement re Rangers FC It is appropriate that I give feedback to the Rangers fans before departing for South Africa. Over the last few weeks Paul Murray, George Letham and myself have constructively engaged the Rangers board and (at the request of the board) Sandy Easdale regarding our proposal to invest 16 million into the club as soon as is practically possible. When investing in any public company there are numerous regulatory and compliance requirements that have to be dealt with. There are also SFA compliance issues that arise when investing in a football club in Scotland. An obvious further complication in Rangers case is the seeming lack of authority of the Rangers board to make decisions without reference to key shareholders who appear to be “the power behind the throne”. Prior to commencing the implementation issues referred to above it is necessary to reach an in-principle agreement with the board that can then be put to shareholders. In this regard it is important to recogniser hat the so-called Easdale Block represents more than 25% of the shares in issue and could therefore block the implementation of our proposal even if recommended by the board. Likewise, a combination of other shareholders could veto our proposal. I attempted to meet with Mr Ashley on my visit but neither he, nor his colleague, Mr Bishop, acknowledged my request for a meeting. This is their right but is unfortunate given the present concerns from supporters that Mr Ashley is using his shareholder status to put pressure on the board to alienate the rights and trade mark of the club in favour of his personal interest. I will make a separate announcement and appeal to fans on this topic at the appropriate time. Our initial proposal to the board was to invest the full 16m by way of equity at 20p per share. The board requested that we consider a debt/equity mix that would reduce dilution for existing shareholders and allow the debt component to be advanced prior to the extended time frame required for the approval of additional equity. We are amenable to this and to working with the board on the mechanics necessary to ensure that this is achieved provided that the full investment is recognised by way of board representation. We wish to appoint an equal number of members to the board and have the key say regarding the appointment of the Chairperson. We will not invest funds and let the existing board determine how these funds are spent. That has not worked well in the past. In any transaction of this nature there are a number of interests to be consulted and considered. The board has apparently engaged constructively on our proposal while advancing its own points as to what it believes is in the best interest of the club and its shareholders. Sandy Easdale has similarly apparently engaged constructively including highlighting some concerns. I have today responded to these concerns in writing. He will now consult with his co-shareholders and hopefully revert soonest so that we can proceed to agreement and the earliest possible implementation thereof. Unfortunately, I have to again deal with a point that I have covered previously. Despite our agreement with the board on confidentiality (that we have strictly complied with) we were faced with the inevitable combination of truth, half-truth and fallacies peddled by Mr Irvine on behalf of his employers. He states in particular that he is voicing Sandy Easdale’s directly communicated thoughts. Sandy has assured me that this is not the case regarding his recent nonsensical utterings. On that point, I have recently had the amusement of reviewing over 100 email communications between MrIrvine and Craig Whyte during the period that Mr Irvine was attempting to advance Mr Whyte’s business interests. My review of these emails indicates to me that he carefully identifies journalists that he believes lack journalistic integrity and ability and can therefore be fed by him for the benefit of whoever pays him. I urge fans to continue to ignore the nonsense that comes from these sources. We have a lot of work to do over the next few months to regain the club. I would not be here without the support of the fans and neither would my co-investors. We are going to need to draw on your support again over the coming months.
  21. Talking to Rangersitis (nice meeting you btw.) on Saturday afternoon we both debated whether it can be stopped via Sandy Easdale's proxy bloc and Ashley's holdings. Few things: 1. Will it be considered a resolution or just a simple loan authorised by the board? 2. Or will Ashley and Easdale bloc this through their voting rights on special resolutions? 3. By blocking the loan if it is seen as a resolution will concert party rights be triggered 4. By calling the EGM it looks to me as though the voting percentages won't matter here and that's why Ashley's calling the EGM in an effort to prevent the vote going through at a typical board meeting Would any of our more informed Gersnetters like to set us right?
  22. Mike Ashley has many business interests (including Sports Direct) and they have made him a very wealthy man. When he bought Newcastle United in June 2007 and said “Newcastle attracted me because everyone in England knows that it has the best fans in football… don’t get me wrong. I did not buy Newcastle to make money. I bought Newcastle because I love football.”….it must have sounded like manna from heaven to the Newcastle support as they may have thought more along the lines of ‘Champions League’ rather than ‘Championship’. http://www.therst.co.uk/coming-soon-ashley-and-the-vanishing-revenue/
  23. ...the Ibrox throne is big enough for Mike Ashley and Dave King. AS King and Ashley continue to vie for control at Rangers, KEITH insists it may be in both men's interests to discover a common ground that incorporates the interests of the club and its fans. THEIR tanks have rumbled into Edmiston Drive, ready for the climactic Rangers shootout. But before Mike Ashley and Dave King begin blowing each other to bits outside the Big Hoose, perhaps it might make more sense for them to find a better way. Maybe, before the guns start blazing, there is a chance for them to discover common ground. Of course, that would require a bit of common sense and where this club is concerned there is seldom any place for sound logic. But let’s indulge ourselves for a moment in any case and pretend that the two men, who seem so willing to go to war over Rangers, may still be capable of some eleventh-hour reason. Ask yourself this. If you were Ashley why on earth wouldn’t you want King to take control? Those closest to the Sports Direct boss – and even those Newcastle fans who can’t stand the sight of him – all agree that his primary focus is on protecting and expanding his bargain-basement retail business. Which makes perfect sense. Okay, so Slazenger polo shirts and laceless Lonsdale trainers might not be everyone’s giant novelty mug of tea but Ashley’s firm has always been more Buroo-lander than Zoolander. It’s a high street jumble sale and it’s made the man a fortune. This real-life Derek Trotter is a genuine billionaire. Not like the last one who, for all anyone knows – including Glasgow’s finest for that matter – may be currently strolling around some town centre in Panama dressed in Lee Cooper and Le Coq Sportif. He always did have a bulging eye for a bargain. But be that as it may, Ashley deserves to be taken a great deal more seriously. Which is precisely why now might be the ideal time for King to sit him down for a chat, assuming of course that he really is serious about handing over so much of his children’s inheritance. King has not always convinced and not just because of the 41 criminal convictions for stiffing the tax man which have stained his name in South Africa. His PR has been poorly thought out and his strategy over the last 12 months impossible to fathom as he has tip-toed around the edges of this farrago without ever looking prepared to get his feet wet or his hands dirty. But finally he has waded back in, promising an initial £16million bailout and more millions to follow. For that reason alone he deserves to be taken seriously, even by those who continue to doubt him. If Ashley counts himself among those cynics, what would be the harm in asking to see the colour of his money? Because if it really is the case Ashley is interested only in what is best for his own business, there is no reason for this pair to remain hostile over the running of Rangers. Yes, in an ideal world, King may wish to walk into Ibrox on day one and rip up the retail contract Ashley is apparently so determined to protect. This seven-year kit deal, of course, was gifted to him by Charles Green and has been described by those who have seen it as a ludicrously generous and one-sided agreement. Green later wasted a small fortune of Rangers money on legal fees in a failed attempt to have it annulled but the consensus is that this contract is watertight. In other words, Rangers have already sold the jerseys to Ashley and there is nothing King or anyone else can do about it, even if it means the loss of millions of pounds. And this is where logic ought to kick in because if Ashley wants to keep coining it in from shirts and merchandise then surely King’s arrival as a potential saviour stands to make him even richer? King, after all, is perhaps the one man capable not only of uniting a fractured Rangers support but also prepared to throw good money after bad in the reconstruction of a club which continues to hang by the thinnest of threads. If indeed there is enough cash left in the bank to cover this month’s payday then November’s could be a killer. But only in this omnishambles could a business that is wheezing and gasping for breath continue to keep a £30m life-saving injection so stubbornly at arm’s length. King wants to save them. But he can’t get his money bags across the front step. And, yes, logic dictates that Ashley must see the sheer lunacy in this. Over the past few months around 15,000 Rangers fans have gone missing from Ibrox. The numbers are so large that they have blown a hole in Graham Wallace’s attempts to keep the business afloat. And there is a danger many more thousands will follow if Ashley guns King down in the battle for control, while also boycotting his stores. However, if King was to walk back in, flanked by fellow lifelong supporters such as Paul Murray and George Letham, then it is almost certain business will begin to boom again at the turnstiles and in the club stores which Ashley also now has firmly in his grasp. King plans to plough £8m into the coffers with Murray, Letham and a group of wealthy fans cobbling enough together to match him pound for pound. Straight off the bat, that’s £16m that Ashley doesn’t need to bother looking for down the back of his office sofa. There will be more to come as King intends to invest his whole £30m in returning his club to a fit and competitive state and to restore a stadium which, much like the team, is in a state of decay. This is King’s manifesto and so long as he can convince Ashley he is for real and that the money is there and good to go, then both Rangers and Sports Direct stand to benefit from it hugely. So tell me, what possible logic is there in Ashley blowing this man away? The answer is, there isn’t any. Or at least, none that is obvious from the outside of this wretched mess. Which means there must be something hidden from view, perhaps even something deeply suspicious behind the naked act of aggression earlier this week which saw Ashley set his sights on Wallace and Philip Nash, the men trying to facilitate King and his consortium. What else is there to hide here? Surely nothing that stretches back to when Ashley climbed into bed with Green in the first instance and began this merciless pumping of Ibrox? Come to think of it, who on earth did bring these two together? He already owns the strips and the shops which sell them. He bought the stadium’s naming rights for a quid. And had Wallace not grown a pair last month then he would have owned the club’s badges by now as well. But it’s hard to see the value in any of it if Ashley’s power grab does indeed drive more and more of the customer base away. In fact, it will cost him millions of pounds in emergency loans just to continue to light up an increasingly empty stadium. If he’s not careful he could end up sitting alone in the directors’ box with only his drinking buddies, Sandy and James Easdale for company and if that thought doesn’t terrify him then it should. This club is broken and it needs fixed, not by a bunch of Trotters Independent Traders but by those who genuinely care for it. If Ashley cannot, or will not, see the logic in that then it will indeed be time to clamber back into the tanks. http://www.dailyrecord.co.uk/sport/football/football-news/keith-jackson-another-rangers-war-4411056
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