Statement from the #Rangers Union of Fans:

[TheTinMan99 0]

If King doesn't invest, there's a very real chance that we won't complete our fixtures. Did you not read the latest accounts? The 'Laxey' loan was secured for much less value than the properties were worth, so I don't see your point there, BH.

 

If you think that Ibrox and Murray park will be safer in the hands of this board, or future administrators, there's not much I can say to change that mindset. There's no intention to 'drip feed' any monies. It would all be handed over in one chunk, as the UOF statement yesterday made quite clear.

 

If it's good enough for Laxey, it's good enough for us. I think that's the point that this scheme is trying to make. You're putting more value on a million pound loan, compared to more than 10 times that amount in book sales. These are not normal times, therefore we have to use whatever methods available to secure our main assets.

[andy steel 0]

the present proposal is foolhardy because it has created "material uncertainty" about the Club's ability to trade as a going concern.

 

Sorry mate, you've got the cart before the horse there.

 

It's not the ST threat that has/is creating material uncertainty - the ST ideas are a direct response to existing material uncertainty. Just because the board hasn't previously come out and admitted it (no surprise in that) doesn't mean people were unaware it existed - were there no great uncertainty about the club's future, the ST ideas wouldn't have been thought up in the first place.

 

If there is material uncertainty about the future of Rangers FC it has been created, and sustained, by chronic practice from within the club. It's a bit rich, but all too predictable, that the fans are now being blamed for creating a situation when they are in fact responding to it.

 

People say give the board time, but when they issue statements like this, it's hard not to view them with deep suspicion.