Steve1872 4 Posted April 14, 2014 Share Posted April 14, 2014 (edited) APRIL 14, 2014 [h=1]UOF STATEMENT 14/04/2014[/h] by Garry Evans “Following discussions on the release of season ticket renewals, the Union of Fans would like to confirm that, in line with Dave King’s statements over the weekend, we will now be pushing forward with plans to collect season ticket money. We are delighted that Nine-in-a-Row captain, Richard Gough, and Dave King have both agreed to support this plan. We hope that other iconic Rangers figures will join them in publicly supporting this move in the near future. The money placed into the account will be released to the club, in full, as soon as they agree to give season ticket holders a security over Ibrox Stadium and Auchenhowie. There will be no drip feeding of funds and we do not consider that the board has any legitimate reason to reject this proposal. For the past two weeks we have, through a third party, put forward a plan to Graham Wallace which would have seen a security over Ibrox and Auchenhowie granted to trustees in favour of ALL season ticket holders. The security would have diminished as games were played and would have been discharged at the end of next season. We felt this would provide the board with an opportunity to build trust with fans over a reasonable period of time. We have received no response from the board to this proposal, or to the offer of a meeting to discuss things amicably. This board’s public pronouncements about engagement and trust are a sham. To be clear, had the board complied, it would have meant that we would not have needed to collect season ticket money in a separate account. It would have allowed the fans and the club to carry on with renewals as normal and would have removed any element of confrontation from the process. Despite repeated acceptance from Mr Wallace that the board do not have the trust of fans, and repeated claims that they are seeking to engage with them, this board have made no serious attempt to improve things. Their haste to release renewals before the completion of the 120 day business review, has now forced our hand. Legal advisers have been engaged and are working on the legal framework and bank account required to collect money. We would ask in the meantime that fans do not renew prior to evaluating this board’s ‘120 day’ review to take the club forward. We would also ask them to be vigilant and ensure they are not signed up for auto renewal, which they would need to cancel in writing to the ticket office before the 28th April. The vast majority of season ticket holders on the 4 month payment option from last year will fall into this category. We do not consider that there is any prospect of this action forcing the club into administration. It would be a gross dereliction of directors’ duties for this board to allow that to happen when substantial investment is on offer to them and when they can ensure they receive all season ticket money by securing Ibrox and Auchenhowie in favour of season ticket holders. We also have concerns that, even with all the season ticket money available to them, they will not be able to complete the season without further investment. Furthermore we reject suggestions this will push the board into securing Ibrox in return for further loans. Again, this would be in breach of their directorial duties when they would first have to reject a more favourable offer from the fans. We will be extremely interested to hear the board’s answers to the four questions posed by Dave King in his latest statement. Particularly the question relating to Graham Wallace’s undertaking to shareholders at the AGM that there was “sufficient cash in the business to fund the ongoing needs of the club in the near term”. We do not believe this statement to have been true. Our fans have an opportunity to safeguard Ibrox – we sincerely hope they do not succumb to emotional blackmail from people who know nothing about what our club means to us and that they use the only power they hold for the good of Rangers.” http://www.unionoffans.org/statements/2014/4/14/uof-statement-14042014 Edited April 14, 2014 by Zappa 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 14, 2014 Share Posted April 14, 2014 great news. really surprised the club didn't go for this security as it would have really boosted sales and they need those. there are over 6000 people signed up to the union of fans and a lot of supporters clubs. 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted April 14, 2014 Share Posted April 14, 2014 Certainly hope that ST holders give this their support. I will myself but think a lot may just not renew and could be lost, hope not. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,217 Posted April 14, 2014 Share Posted April 14, 2014 Just as a sidequest: Once the next season is over, are we to expect that the security over Ibrox and Auchenhowie goes back to the club? Like with any other loan security? If so, will it start anew? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 14, 2014 Share Posted April 14, 2014 Just as a sidequest: Once the next season is over, are we to expect that the security over Ibrox and Auchenhowie goes back to the club? Like with any other loan security? If so, will it start anew? security expires once the last game is played. i expect this will be a year on year thing. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted April 14, 2014 Share Posted April 14, 2014 Just as a sidequest: Once the next season is over, are we to expect that the security over Ibrox and Auchenhowie goes back to the club? Like with any other loan security? If so, will it start anew? It's quite specific.... The security would have diminished as games were played and would have been discharged at the end of next season. ....the reasoning being it would be for one season is that a recapitalisation is inevitable. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 14, 2014 Share Posted April 14, 2014 still some answers needed. do the trust just buy season books and dish them out etc 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 14, 2014 Share Posted April 14, 2014 It's quite specific.... ....the reasoning being it would be for one season is that a recapitalisation is inevitable. do you really think it's inevitable? i think its far more likely we will just see severe cost cutting. 0 Quote Link to post Share on other sites More sharing options...
D'Artagnan 173 Posted April 14, 2014 Share Posted April 14, 2014 great news. really surprised the club didn't go for this security as it would have really boosted sales and they need those. there are over 6000 people signed up to the union of fans and a lot of supporters clubs. There would be a lot more GS if King published Somers's e-mail. The word "stampede" springs to mind. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted April 14, 2014 Share Posted April 14, 2014 There would be a lot more GS if King published Somers's e-mail. The word "stampede" springs to mind. i can imagine. 0 Quote Link to post Share on other sites More sharing options...
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