Rangers Union of Fans meeting statement regarding London meetings

[j1mgg 0]

Representatives of the Rangers Union of Fans have been in London for the past two days, meeting with a number of significant shareholders in Rangers. We put across the overwhelming wish of supporters for change in the boardroom.

 

During the meeting with Colin Kingsnorth of Laxey, kindly organised by the London Rangers Supporters Club, we explained the severe trust issues which Rangers fans have with some of the current board, most specifically Brian Stockbridge. These issues were articulated clearly at the weekend via the large scale protest at Ibrox. We also impressed upon him the need for the appointment of trusted directors.

 

Mr Kingsnorth is now fully briefed on the fans feelings and appeared to share the majority of our concerns on Mr Stockbridge. He also revealed that he had insisted that Mr Stockbridge repay his £200k bonus from last year or that Laxey may not support his re-election. He believes that in response to this possible loss of significant shareholder support, Mr Stockbridge had returned, or would return, this money prior to the AGM. He also acknowledged that this was far from the only issue with Mr Stockbridge.

 

Despite broad agreement on fans' concerns, Mr Kingsnorth indicated that Laxey were unlikely to change their already submitted and publicly stated vote. We remain unclear on the reasoning behind this, particularly given these shared concerns.

 

Following this round of meetings, it would appear that the AGM result will be particularly close as there are numerous different claims of support. It is clear that the 12% of voting rights held by the Rangers support can be absolutely crucial to the result at the AGM.

 

We urge all fans to make sure your vote counts by attending the AGM in person or, if you cannot attend, proxying your vote to someone who can.

[Zappa 0]

Stockbridge probably invested his bonus in his fancy Dunbartonshire mansion, so he might not actually have it to give back. Still, it won't surprise me if before the AGM the board's toxic spin doctor makes a big story about Stockbridge 'agreeing' to pay it back.

[j1mgg 0]

Stockbridge probably invested his bonus in his fancy Dunbartonshire mansion, so he might not actually have it to give back. Still, it won't surprise me if before the AGM the board's toxic spin doctor makes a big story about Stockbridge 'agreeing' to pay it back.

 

A certain poster on RM mentioned a few weeks ago that he had already agreed this.

[SteveC 150]

"Despite broad agreement on fans' concerns, Mr Kingsnorth indicated that Laxey were unlikely to change their already submitted and publicly stated vote. "

 

That has the terrible sound of a jail door slamming in our faces, if not a death knell

[Anchorman 0]

"Despite broad agreement on fans' concerns, Mr Kingsnorth indicated that Laxey were unlikely to change their already submitted and publicly stated vote."

 

That, to me, is a helluva unyielding stance to take. Especially being so open and frank about it, unafraid of supporters' backlash. I get an uneasy feeling about such a rigid and public stance.

Edited December 10, 2013 by Anchorman

[forlanssister 3,050]

Worth remembering Stockbridge is sitting on £1m worth of share options in RIFC the finer details of this option arrangement are unknown, I'd certainly pay back £200k if I was being allowed to pocket £1m in exchange for a seemingly altruistic gesture!

[Tumshie RFC 0]

I don't think its looking good for Paul Murray & Co. I'm really worried what will happen to our club if this current board is allowed to remain.

[bossy 0]

I don't think its looking good for Paul Murray & Co. I'm really worried what will happen to our club if this current board is allowed to remain.

 

I rather fear the Paul Murray blew his opportunity ..... once again.

[the gunslinger 3,366]

also wort mentioning he promised his bonus this year would be altered but has it?

[ian1964 10,411]

Money men running the club means all they are concerned about is money!, I'm concerned that if changes are not made at the AGM,which I am beginning to think they won't, then the fans are going to have to use their power by not buying season tickets to starve these chunts out of Ibrox,troubled times ahead yet again and some real decisions to be made from the fans.