Rangers fans demand to know

[ian1964 10,427]

.......if Ibrox chief Graham Wallace is in line for a whopping £300,000 bonus.

 

UNION of Fans believe directors at their cash-strapped club are still entitled to 100 per cent top ups to their salary similar to the windfall received by Charles Green.

 

RANGERS fans have demanded to know if the club’s chief executive Graham Wallace is in line for a whopping £300,000 bonus.

 

The move was launched by the supporters’ coalition group, the Union of Fans.

 

They issued a statement late last night expressing “shareholder concern” about the culture of huge cash rewards in the boardroom which saw shamed duo Charles Green and Brian Stockbridge double their annual salaries during their time at the club.

 

Now they want to know if Wallace has negotiated a similar package – a deal they say could take his yearly earnings to in excess of £600,000.

 

The statement said: “We would therefore urge Graham Wallace to disclose publicly whether or not he has ended the bonus culture within the club or whether it has continued with new appointments.

 

“We do not feel that, under circumstances in which the club is losing large amounts of money on a monthly basis, shareholders should have to wait until the audited accounts are published to find this out.

 

"These accounts will not be available until near the end of the year.

 

“Can Mr Wallace, for instance, earn an annual 100 per cent bonus on his salary, which it has been said is in excess of £300,000 a year?

 

“In the past we have seen Charles Green double his salary with a 100 per cent bonus, while ex-financial director Brian Stockbridge was also awarded a £200,000 bonus to double his salary.

 

“Will Graham Wallace also be able to double his salary to more than £600,000 a year or has he ended that type of bonus culture within the Ibrox boardroom?

 

“If he wants to build trust then he should be happy to rule out that this type of culture is still ongoing.”

 

The Union of Fans also expressed dismay that the current regime has not answered questions raised last week by Dave King.

 

He asked, among other things, if Wallace knew the club was about to run out of cash when he addressed shareholders and fans at the agm in December.

 

The statement added: “We also still await answers to the questions posed by Dave King and in particular the question regarding Mr Wallace’s agm pronouncements about the cash position of the club, which we do not believe to have been true.

 

“Mr Wallace cannot continue to ignore these extremely serious questions if he expects to build any sort of trust with the fans and shareholders.”

 

Rangers last night refused to disclose Wallace’s salary details. A spokesman said: “Rangers Football Club does not comment on the details of any employee’s compensation.

 

“Mr Wallace, as a director of Rangers plc, will have his remuneration fully disclosed in the annual accounts in the normal manner.

 

“The club will update fans and shareholders on its business review next Friday as previously announced.”

 

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-fans-demand-know-ibrox-3426039

[JTP 0]

 

“mr wallace, as a director of rangers plc, will have his remuneration fully disclosed in the annual accounts in the normal manner.

 

 

translated = yes

[Frankie 8,157]

Seems clear enough to me the request is a fait accompli.

 

As discussed in the other thread, Wallace isn't the only person overpaid at Rangers. We could spend all day dissecting people's wages and worth.

[der Berliner 3,257]

A debate probably done a few hundred times ... at each club. You wonder what supporters think is a reasonable wage for our CEO (et al), whether there should be bonuses paid and if so, how much and under what sort of premises?* I reckon you get 3.766 different answers from 4.000 supporters.

 

*A rhethorical question, BTW.

[The Real PapaBear 0]

A debate probably done a few hundred times ... at each club. You wonder what supporters think is a reasonable wage for our CEO (et al), whether there should be bonuses paid and if so, how much and under what sort of premises?* I reckon you get 3.766 different answers from 4.000 supporters.

 

*A rhethorical question, BTW.

 

actually, I think you'd get the same answer 3,997 times out of 4,000; wee yappy dugs notwithstanding.

 

If Wallace is taking 100% bonus at this time, when we are having to look for emergency loans, then his position is the same as the rest of them: untenable.

[der Berliner 3,257]

actually, I think you'd get the same answer 3,997 times out of 4,000; wee yappy dugs notwithstanding.

 

If Wallace is taking 100% bonus at this time, when we are having to look for emergency loans, then his position is the same as the rest of them: untenable.

 

You're right in saying the answer will be "too much". But if you look for actual numbers ...

[aweebluesoandso 290]

I wonder if his 100% bonus will be mentioned in his 120 review? Maybe he's tweaking the review now.

[JTP 0]

Seems clear enough to me the request is a fait accompli.

 

As discussed in the other thread, Wallace isn't the only person overpaid at Rangers. We could spend all day dissecting people's wages and worth.

 

Lets start with what someone posted the other day:

 

The kit man gets £120k a year and his assistant (is it his son?) gets £60k a year.

 

I'm sorry but that is just pathetic at any club in the world. That is a position not based on ability or experience come on tae F*** ........

[Frankie 8,157]

Lets start with what someone posted the other day:

 

The kit man gets £120k a year and his assistant (is it his son?) gets £60k a year.

 

I'm sorry but that is just pathetic at any club in the world. That is a position not based on ability or experience come on tae F*** ........

 

As much as I respect RBR's information, I'm not convinced those figures are accurate.

 

Perhaps we'll have a breakdown of wages in the review?

[Hildy 0]

As much as I respect RBR's information, I'm not convinced those figures are accurate.

 

Perhaps we'll have a breakdown of wages in the review?

 

Not only did RBR inform us of the figures, he later said this: "I can assure everyone those figures are correct".

 

He doesn't seem to be in any doubt.