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"Following the publication of updated holdings in Rangers International Football Club PLC, the Union of Fans feel it is important to continue to highlight the position of Sandy Easdale.

 

Mr Easdale and his associates have invested just enough to keep them above the 25% mark required to hold a veto over any inward investment to the club via a further, more substantial, share offer. Despite owning only around 5% of the club himself, Sandy Easdale claims to hold proxy voting rights for around 26%. We have long been concerned that Mr Easdale refuses to disclose who he actually holds these proxies for and instead disguises them through Beaufort Nominees.

 

Mr Easdale's recent meeting with convicted fraudster Rafat Rizvi would lead us to believe that some of those proxy voting rights may be held on behalf of Mr Rizvi. It is also clear from this recent announcement, despite PR stories placed in the media to the contrary, that Mr Easdale has not purchased Charles Green's shares.

 

We are therefore in a position where Mr Easdale appears to hold, through Beaufort Nominees, proxies for people such as Charles Green, Rafat Rizvi and Imran Ahmad. Our concern is that Mr Easdale will continue to act, as he always has done, in the interests of those shareholders and not in the interests of the wider shareholder base and the club itself.

 

We have been clear that we feel that Mr Easdale should be removed as a club director but the PLC board appear to be unwilling or unable to enact that much needed change. Regardless, Mr Easdale is in a position, with the backing of shareholders who appear desperate to mask their identities, to block much needed investment into Rangers.

 

We would ask Mr Easdale to confirm publicly that he and his associates will not oppose any resolution at the upcoming AGM which would allow fresh investment from those who care about the future of our club. If Mr Easdale ignores this request or refuses to answer unequivocally then, in the near future, we will recommend what course of action we believe fans should take.

 

We are also concerned at newspaper reports that the annual accounts and therefore the AGM may be delayed. We would ask the PLC board to clarify if this is the case and to explain why, after what they described as a successful fund raising, there would be any reason to delay publication of the accounts."

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Everything said is correct and relevant but are these statement effective in anyway? Without a big hitter or fans gaining a meaningful shareholding we're pissing against the wind.

 

Even a simple blog chronicling the board's actions and putting the statement up would be better than a copy and paste job from word onto a forum. We'd at least have the media citing the blog for punters not fully aware of what's going which would help garner support. Our very own Time4change would be ideal for the job.:)

 

In the past there'd be MD or Edgar on the telly. Nowadays we have no exposure to where It hurts.

 

It's a poor campaign from the UoF.

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Everything said is correct and relevant but are these statement effective in anyway? Without a big hitter or fans gaining a meaningful shareholding we're pissing against the wind.

 

Even a simple blog chronicling the board's actions and putting the statement up would be better than a copy and paste job from word onto a forum. We'd at least have the media citing the blog for punters not fully aware of what's going which would help garner support. Our very own Time4change would be ideal for the job.:)

 

In the past there'd be MD or Edgar on the telly. Nowadays we have no exposure to where It hurts.

 

It's a poor campaign from the UoF.

Can you see this new fan group making statements like those the Union of Fans have made?

 

The UoF is not above criticism, but at least they inhabit the adult world unlike this new kindergarten in-house sham which will bog itself down in peripheral issues.

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Everything said is correct and relevant but are these statement effective in anyway? Without a big hitter or fans gaining a meaningful shareholding we're pissing against the wind.

 

Even a simple blog chronicling the board's actions and putting the statement up would be better than a copy and paste job from word onto a forum. We'd at least have the media citing the blog for punters not fully aware of what's going which would help garner support. Our very own Time4change would be ideal for the job.:)

 

In the past there'd be MD or Edgar on the telly. Nowadays we have no exposure to where It hurts.

 

It's a poor campaign from the UoF.

 

These statements always make the papers

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Every little helps and I think this is one of the better statements from UoF.

 

Problem is they're about as transparent as the board as to their intentions and fan engagement so I'm not surprised some fans retain criticism for them as well.

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Can you see this new fan group making statements like those the Union of Fans have made?

 

The UoF is not above criticism, but at least they inhabit the adult world unlike this new kindergarten in-house sham which will bog itself down in peripheral issues.

I'm fully supportive of them, mate, but it's too powderpuff IMO. Print press might might fire in quotes but having Chris, Mark or Edgar on SSN and STV is much more powerful. Gives fans a better talking point that don't frequent the web. More credible.

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Can you see this new fan group making statements like those the Union of Fans have made?

 

The UoF is not above criticism, but at least they inhabit the adult world unlike this new kindergarten in-house sham which will bog itself down in peripheral issues.

 

Which one? You do not referring to the Fan Board do you? The one who has just been created?

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I'm fully supportive of them, mate, but it's too powderpuff IMO. Print press might might fire in quotes but having Chris, Mark or Edgar on SSN and STV is much more powerful. Gives fans a better talking point that don't frequent the web. More credible.

It is succeeding in getting its message out, although whether it is get it out well enough to hit home is a matter of opinion, but can you imagine if it didn't exist and we had to rely on this new fan board to spread the word?

 

The UoF, thankfully, is doing the work that this new fan board will never do.

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