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APRIL 23, 2014

UNION OF FANS STATEMENT: 23/04/14

by Union of Fans in Statements

Ahead of Graham Wallace’s long awaited, and much anticipated, review we felt it would be helpful to reiterate what we are expecting to see from the CEO. It has now been over four months since Mr Wallace’s AGM pledge and we do expect, given the length of time it has taken, that this business review will give a full and comprehensive picture of the way forward for the club.

 

We expect to see a full breakdown of the how the club arrived at the point where it required to borrow funds simply to complete the current season. This should include a full breakdown of where the IPO money went. In particular, detail of the sky high placement costs, related fees and who those fees were paid to and why.

 

We expect to see full detail of who will be providing the £30-£50M required to take Rangers back to the level we should be operating at, in the absence of this board accepting the offer of investment from Dave King. We also expect to be told exactly when this will be provided, on what terms and a clear plan of how it will be used to rebuild the club both on and off the park.

 

We hope that this review will not simply be more, vague, corporate speak from Mr Wallace. We want to see tangible, measurable progress and firm commitments on the huge investment required. Anything less will be a damp squib, especially since we have already seen that we cannot even rely on public, binding statements from this board.

 

For our own part, the UoF have been making steady progress on the setup required for the season ticket fund. We understand the frustration of fans who wish to contribute to this but we would ask them to understand that we must ensure it is setup properly, legally and with total transparency. We thank them for their patience and can assure them that an alternative to placing blind faith in this board will be in place shortly.

 

A company is now in place with Dave King as a director and Richard Gough and others to follow shortly. This will be the vehicle to hold the security should the board see fit to grant it.

 

We will have a website in place within the next 10 days, ahead of the May 6th deadline, where fans can register their details and securely place their season ticket money. This money will only be passed to the club in return for season tickets if security is granted over Ibrox and Auchenhowie. Those are our only conditions. If that security is not granted then fans will retain their money and can decide themselves how to proceed at the start of the new season.

 

The payment mechanism we are using means that although fans enter into a binding commitment to have their season ticket money debited in the event of security being granted, no money will be removed from their account until that security is granted. We will provide full detail of this on the website when it launches.

 

In the meantime, we would ask fans who are considering using their season ticket money to try to secure our vital club assets to hold off renewing. We understand the pressures being applied both emotionally and otherwise, in terms of payment mechanisms, but it is time for us to take a stand against two years of corporate pillaging of our club. We can secure our club’s home against a backdrop of further financial uncertainty, but only with the help of the supporters.

 

We would like to make those on auto renewal, who paid over four months last year, aware that they have to cancel in writing to the ticket office prior to 28th April. The email address to do so is webmail@rangers.co.uk. Season ticket money is the main power the fans have and we would ask them to use it for positive change.

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So this confirms that they have dropped the Trust idea, no wonder it was not mentioned in last night's leaflet.

 

A set of completely unrealistic demands and a reiteration of the preposterous security pipe dream which they know full well will not be granted in a month of Sundays.

 

In any case what on earth is the point in coming out with this less than 48 hrs ahead of the release of the review.

 

Ally knows more about tactics than this lot.

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So this confirms that they have dropped the Trust idea, no wonder it was not mentioned in last night's leaflet.

 

A set of completely unrealistic demands and a reiteration of the preposterous security pipe dream which they know full well will not be granted in a month of Sundays.

 

In any case what on earth is the point in coming out with this less than 48 hrs ahead of the release of the review.

 

Ally knows more about tactics than this lot.

 

Attention seeking pure and simple, just like SOS

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Attention seeking pure and simple, just like SOS

 

You seriously believe that?

 

Sheer frustration at the Board's "mushroom management" approached towards fans over the past two years is a far more likely explanation.

 

 

 

 

Sent from my iPhone using Tapatalk

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As always, I don't agree with everything they've written but I'm glad some fans are prepared to keep the pressure on the club board to deliver a comprehensive review rather than a waste of all our time.

 

Tomorrow shall be a big day. Must just be a coincidence we've hired a new PR guru to help...

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